The Business Times, 20 July 1977
1977-07-20
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The Business Times
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Title Section10 1977-07-20 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, JULY SO, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article60 1977-07-20 1 Reuter WASHINGTON, Tues. The Commodity Futures Trading Commission (CFTC) expressed "serious concern" over open position in July "C" contract on New York coffee and sugar exchange. The CFTC said after consultation with the exchange's board of governors that the CFTC will meet today after close of trading toReuter - 60 words
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Article43 1977-07-20 1 UPI VIENNA, Tues. The finance ministers of the major oil exporting countries will convene here next month to discuss distribution plans for an Organisation of Petroleum Exporting Countries (Opec) special funds to developing countries, an Opec spokesman said today. UPIUPI - 43 words
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Article28 1977-07-20 1 Reuter PEKING, Tues. Wallposters appeared In Peking today announcing the rehabilitation of former vice-premier Teng Hslao-plng, the moderate Chinese leader toppled from power last year. ReuterReuter - 28 words
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Article68 1977-07-20 1 AP FRANKFURT, Tues. The US dollar fell to a record low of 2.2628 West German marks in early trading today. The previous record low was 2.2785 set on March 3, 1975. Dealers said the American currency recovered to 2.2672 marks by the close of trading. They alsoAP - 68 words
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Article60 1977-07-20 1 UPI BEIRUT, Tues. The four major oil companies operating in Abu Dhabi increased their May 1977 exports by 1,521,752 million barrels, according to a government report distributed by the official Qatari News Agency yesterday. The report also said Japan was Abu Dhabi's major oil importer forUPI - 60 words
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Article71 1977-07-20 1 AP NEW YORK, Tues. Proctor and Gamble Co has announced another reduction In the US wholesale price of ground coffee and the first reduction in a year In the wholesale price of instant coffee. The wholesale price of ground coffee Is cut by 20 cents a poundAP - 71 words
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Article54 1977-07-20 1 Reuter FRANKFURT, Tues. The West German motor industry said today it expects to turn out a record four million vehicles this year. This would beat the previous best of 3.98 million set In 1971, a spokesman for the National Trade Association said. Last year, West Germany producedReuter - 54 words
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Article89 1977-07-20 1 UPI NEW YORK, Tues. Stocks pushed broadly higher early today in heavy trading on the New York Stock Exchange In response to strong second-quarter earnings reports. The Dow Jones Industrial average, which rose 4.85 points yesterday, was ahead 1.05 points to 911.65 shortly before the first hour ofUPI - 89 words
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Chief price change
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Article, Illustration161 1977-07-20 1 Rises Most octivs Sine Darby Pan Electric 344 200 10 10 {■cheap* Haw Par 970.000 467,000 466.000 433,000 -nover: 7.89 U Austral Aaul 398 +8 Sime Darby Lin Hoe Total Tui E N E Macnum Magaum-tNE 344 344 324 248 213 +8 +8 +8 +8 +8 PMTT161 words
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Article109 1977-07-20 1 Falls Moit active M Mosaics 1.47 -.10 Inchcape 1 719 goo B. Raya M Weaving 1.00 1.10 -.14 -.13 Pacific Dev... Pan Electric 402 000 U.E.(M) 1.20 -.10 M'sta Weaving 4M am P. Carbide 0.86 Loytape 0.90 Supreme Corp 125 Cent Sec. 1.41 Setron (M) 125 C.109 words
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Article794 1977-07-20 1 QUEK PECK LIM - GOVERNMENT AUDITING By QUEK PECK LIM THE SINGAPORE Government appears to be relying on a small group of accounting firms to do the bulk of the auditing work for its wholly-owned companies. With one or two exceptions, this small band is the same794 words
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338 1977-07-20 1 KEPPEL Shipyard yesterday proposed a scrip Issue of one-for-one which will raise capital to 460 The company is wholly owned by the Government and they will be asked to give formal approval to issue- at an extraordinary general meeting to be held on Aug 3.338 words
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Article114 1977-07-20 1 UPI TOKYO, Tues. Japan's commodity export and import prices declined in June, reflecting the recent rise In the value of the Japanese yen, the Finance Ministry reported today. The ministry said the export price index stood at 136.5 against the 1970 base figure of 100, downUPI - 114 words
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Article98 1977-07-20 1 APF BANGKOK. Tues. Thailand today signed a United Nation* sponsored agreement providing for the establishment of an Asian re-Insurance corporation, bsminlna the fifth country to sign the accord. The agreement was drawn up last December at a meeting hekl under the auspices of the United Nations EconomicAPF - 98 words
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168 1977-07-20 1 Reuter WASHINGTON, Tues. A US government agency said today that Lockheed, the glani aerospace firm, billed 8m federal government for 53.2 million Kg. of steel for which the company could not account. The figure cited by the Renegotiation Board, an agency that checks defence contracts, wasReuter - 168 words
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201 1977-07-20 1 KUALA LUMPUR, Tues. Datuk Hussein Onn today explained to the Dewan Rakyat why local refineries processed only 40.060 of the 185.000 barrels of oil produced daily. The Prime Minister said if the refineries processed 50,006 barrels, vrnlch constituted half their dally capacity,201 words
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Article139 1977-07-20 1 THE PLAN to untangle the crosshokllngs of Pahang Consolidated and Faber Merlin Malaysia appeared to have entered lis final stage yesterday when It was announced that FMM's wholly-owned subsidiary, Faber Union, has accepted an offer to acquire Its 28.1 per cent stake in Pahang for139 words
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Article85 1977-07-20 1 Reuter MADRID, Tuee. The Spanish government today ordered controls on prices following the W per csnt devaluation of the peseta. A Royal Decree stipulated that prtcee of goods and services could only be Increased during the next three months Tn tine with rises In production ooeta.Reuter - 85 words
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348 1977-07-20 1 IF PRICEB keep rising at tk* rates ipiriiaMd la the first six ■oath, Singapore MM Mt to have u IMMI jaflartoa rmto at about 3.5 per coat this year The figure* upon which the iiauliiH rata la derived la baaed on348 words
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425 1977-07-20 1 SINGAPORE'S remarkable export growth this year Is expected to reduce Its traditionally large trade deficit by some 8800 million to about 85.2 billion at yearend. The trade deficit in the first six months has declined by 15 per cent to 82.4 billion, compared425 words
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171 1977-07-20 1 HIOHER amounts of redundancy payments for a larger number of redundant workers were paid Into the government-adminis-tered Redundancy Payments Fund (RPP) last year. The fund, which was established initially to handle the money due to workers affected by the British forces withdrawal, was later expanded to171 words
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Page 1 Advertisements
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Advertisement129 1977-07-20 1 vriin a Hopuiation for UnrtaHad Security and Fair Dealing over 131 years, Our CHsnta can be Aaaured. looks after you. Fast 18th Fir., Ocean Building, Collyer Quay, Singapore 1. Tel: ***** *****1. SEE PAGE 8 v m tiWi [r'Qf* <kwk v. +■>/< r t'.iv -v//,'yr i c- t* i> W.V*t129 words
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Advertisement280 1977-07-20 1 SKHJJS*HRRMjg Dispense with the usual frills, B get the job done quickly and skilfully. Try Manpower for \J professional temporary help in f offices, sales, data processing, K v stores and other categories. Call us today! The Lexikon 90 combines the advantages of the golf ball and the ordinary typewriter.280 words
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OVERSEAS
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145 1977-07-20 2 Reuter LONDON, Tues. Britain today announced plans to go ahead with Europe's biggest coal-fired power station, only a week after It was charged with responsibility for one quarter of Europe's sulphuric pollution. The major part of the fumes producing this pollution came fromReuter - 145 words
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Article72 1977-07-20 2 AFP LAGOS, Tues. Nigeria made a profit of 40 million nalra (Ssls7 million) from oil in the second quarter of this year, it was learnt here yesterday. Federal Petroleum Resources Commissioner (Minister) Colonel Muhammed Buharl, speaking to reporters after returning from the Stockholm conference of the OrganisationAFP - 72 words
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Article59 1977-07-20 2 MOSCOW, Tues. Assets of Vneshtorgbank, the Soviet foreign trade bank, grew by 17.6 per cent during 1976 to total 26.1 billion roubles at the beglning of this year, Tass News Agency said, yesterday. The volume of Vneshtorgbank credits for foreign trade deals grew substantially over the59 words
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376 1977-07-20 2 NYT WASHINGTON, Tues. President Carter yesterday proposed to Congress a broad series of reforms to make the enforcement of the National Labour Relations Act fairer, prompter and more predictable. The changes are designed to make It easier and quicker for workers to decideNYT - 376 words
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488 1977-07-20 2 LONDON, Tues. Prime Minister James Callaghan has accepted a list of new conditions laid down by the tiny Liberal Party for Its support in the next Parliament, a vital step that gives Mr. Callaghan's party a chance to try to save Itself. Liberal Party support488 words
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221 1977-07-20 2 UPI WASHINGTON, Tom. Tho US Administration urgwiCoigrMiywUHayU extend most-favoured-nation (MFN) twmtmmt to B—nil to encourage it* growing politico! Initio no donoo om its role in reoaeing Eost-Weet tensions. On the more practical sidtf; the administration told a House subcommittoe the granting at theUPI - 221 words
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Article46 1977-07-20 2 AFP OSLO, Tues. Oil production had been re-started at half capacity from the Bravo platform In the Ekofisk field In the Norwegian sector of the North Sea following a blowout in late April this year, the Norwegian OH Directorate announced today. ATP,AFP - 46 words
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608 1977-07-20 2 AP UPI BRUSSELB, Tues. Governments of the European Common Market say inflation will be climbing faster this year and economic growth will be slower than they predicted in March. Prospects for 1978 are not much better, they agree. The pessimism was reflected In aAP; UPI - 608 words
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Article215 1977-07-20 2 UPI WELLINGTON, Tues. West German Economics Minister, Hans Frlderlchs, said today West Germany will try to do all It can to ensure the European' Economic Community Is an "outward looking" organisation with few trade barriers. Bpeaklng at a news conference after talks with NewUPI - 215 words
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Article194 1977-07-20 2 Agencies PARIS, Tues. Italy and France yesterday agreed on the need for a review of Common Market agricultural policy on Mediterranean products In view of the Impending entry of Greece, Spain and Portugal Into the market, officials said. After a two-hour meeting between French PrimeAgencies - 194 words
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Article, Illustration301 1977-07-20 2 DPI WASHINGTON, Tues. Former Secretary of State, Henry Kissinger, was called before a House of Representatives' International Relations Committee today to explain his part in a 1973 secret pledge to communist Vietnam of US$4.5 billion (SI 11.07 billion) In postwar reconstruction aid "withoutDPI - 301 words
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Article236 1977-07-20 2 NYT TEL AVIV, Tues. Organised labour yesterday called upon all wage earners to protest the government's action In raising the prices of basic foods and fuels, by observing a one-hour work stoppage at a time to be announced. The 25 per cent price rises resultedNYT - 236 words
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161 1977-07-20 2 AP WASHINGTON, Tues. President Carter ordered top government officials yesterday to make fresh studies aimed at avoiding or minimising future power blackouts like the one that darkened New York City last week. Press Secretary, Jody Powell, said Mr. Carter, at a cabinet meeting, directedAP - 161 words
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Article29 1977-07-20 2 Reuter ZURICH, Tues. Swiss foreign exchange reserves fell 1.14 billion francs (551.16 billion) to 12.17 billion In the week ended July 15, the National Bank said. Reuter.Reuter - 29 words
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434 1977-07-20 2 Reuter JOHANNESBURG, Tues. South African Finance Minister, Owen Horwood, said "as things stand at the present time there is no question of a rand devaluation either to improve the current account or to stimulate the economy". Mr. Horwood, asked to comment on London speculationReuter - 434 words
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558 1977-07-20 3 Reuter WASHINGTON, Tues. The US government expects statistics on U8 gross national product due out on Thursday to show slower but vigorous growth in real ONP In the second quarter. At the same time, a US Commerce Department analysis said Inflation apparently picked upReuter - 558 words
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Article189 1977-07-20 3 Reuter WASHINGTON, Tues. Yields on short-term government securities rose to 5.214 per cent for the three-month bills and 5.436 per cent for the six-month bills at the latest auction, the Treasury Department said. The average effective Eleld on the three-month Ills compared to 5.163 perReuter - 189 words
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328 1977-07-20 3 Reuter LONDON, Tues. UK average earnings In 1977/78 are likely to rise around 171/2 per cent with Increasing wages drift and the phased consolidation of overtime rates, UK stockbrokers, Phillips and Drew, said. Wages drift is the upward Eressure on wagesReuter - 328 words
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Article55 1977-07-20 3 Reuter HONGKONG, Tues. Hongkong lost Just 5,000 working days through strikes last year and has one of the best records in the world, according to the colony's Chief Labour Officer. Mr. Tsui Tim-fook said the figure was very low considering that Hongkong had a work-forceReuter - 55 words
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Article114 1977-07-20 3 Reuter LONDON, Tues. The UK government has approved a scheme for the early retirement of coal miners with more than 20 years experience underground, an Energy Department spokesman said. The scheme, which Is voluntary, provides for eligible workers to retire on Aug 1 If theyReuter - 114 words
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Article40 1977-07-20 3 Reuter LONDON, Tues The UK Treasury will make no conversion offer for holdings of lift per cent 1977 Treasury stock, the Bank of England announced yesterday. This stock will be redeemed at par on Sept 26.Reuter - 40 words
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220 1977-07-20 3 Reuter WASHINGTON, Tom. TW US current account surplus with Western Europe nnrrowsd in the first ermnint Mich with Jnpnn diminished, the Gevernam,,* ■■MM I il uwni rcponwi. 0 The figures, osntslnsd in the US Commsrno Deportment's monthly survey «f enrrsnt hnsiness, constituted the firstReuter - 220 words
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Article199 1977-07-20 3 Reuter LONDON, Tues. Britain's industrial production index rose 1.46 per cent in May to a provisional 104.2 (base 1970), from a downward revised 102.7 in April, the Central Statistical Office said. This follows a revised 0.4 Kcent fall In April, the ofsald. The production index for manufacturingReuter - 199 words
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Article232 1977-07-20 3 AP UNITED NATIONS, Tues. An eight-member body met here yesterday for further work on a uniform law creating International versions of the bills of exchange and promissory notes used In domestic transactions. The working group on International negotiable Instruments will continue Its new fifth session tillAP - 232 words
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1010 1977-07-20 3 UPI LONDON, Tues. The Euro-dollar market, like sex, is "here to stay," -according to bankers In London. If this multi-billion dollar market in mobile offshore currencies doesn't prove durable then some of America's top banks which have Invested heavily to get into itUPI - 1,010 words
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749 1977-07-20 3 Reuter AP PARIS. Tues. Imports of Opec oil by seven major Organisation for Economic Cooperation and Development nations rose to a daily average of 18.72 million barrels seasonally adjusted In the first five months of this year, compared with 18.86 million barrelsReuter; AP - 749 words
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85 1977-07-20 3 Reuter WASHINGTON, Tues. House energy committee chairman, Thomas Ashley, said he expects the committee to approve an Increase of three or four cents a gallon (four litres) In the current four cents a gallon petrol tax. He also said he expects the panel toReuter - 85 words
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79 1977-07-20 3 Reuter OTTAWA, Tues. Energy minister, Alastalr Gillespie, said export charges for Canadian crude oil will be lowered C9l (8*2.32) a barrel, effective Aug. 1, to reflect the July. 1 increase of Csl a barrel in the well-. head price. The change will reduce theReuter - 79 words
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469 1977-07-20 3 NYT UPI SAN FRANCISCO, Tues The trans-Alaska pipeline system, crippled and shut down since an explosion and fire on July 8, was restarted yesterday after clearance was received frofn the US Department of Interior. But as the pipeline resumed operation, it is clearNYT; UPI - 469 words
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174 1977-07-20 3 UPI TOKYO, Tues. Foreign vessels made strong Inroads Into Japan's shipping Industry In fiscal 1976, which ended last March 31, the Transport Ministry reported today. In a White Paper on shipping made public today, the ministry said foreign ships carried 33.8 per cent ofUPI - 174 words
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Advertisement263 1977-07-20 2 I I k Within a short period of six years, The Open University, a unique experiment in higher education, has become an established part of the educational scene. It is now recognised all over the world as one of the most important educational and social developments of this century. The263 words
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Page 2 Miscellaneous
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Miscellaneous341 1977-07-20 2 I THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on July 19 at Singapore airport. Maximum Temperature Associated Humidity Minimum Temperature V Associated Humidity Hours of Sunshine Rainfall in Millimetres Total Rainfall for the Month Total Rainy Days for the Month RADIO TV SINGAPORE 5 3.00 PM341 words
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Page 3 Advertisements
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Advertisement149 1977-07-20 3 Ronson does rt again Ronson now takes you into space-age technology by inventing a revolutionary new ignition capsfcie that is so small, so compact that it fits into the top of an elegant ball-point pen. -s* Advanced technology son fits space-age into a capsule which is Her than a thumbnail.149 words
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657 1977-07-20 4 CONTRARY to 1U forecut, Murata Manufacturing of Japan took a beating in the second half-year ended March 20, 1977 with group pre-tax profit declining by about 21 per cent to 948 million yen (98.82 million) despite a 51.4 per cent rise In turnover657 words
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Article, Illustration797 1977-07-20 4 MAYBAN-PHOENIX. the pewj.nsurance combine of Malayan Banking and Phoenix Assurance of the UK., will not be starting from scratch as it already has some business in hand from the existing Phoenix accounts, which amounted to MS3.B million last year. In fact, according to its general manager,797 words
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725 1977-07-20 4 IDRIS Hydraulic Tin and Tanjong Tin Dredging, two of the smaller companies listed on the Kuala Lumpur Stock Exchange, have one thing In common with the bigger tin companies their large cash and deposit Out of assets of £1.18 million at Dec725 words
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Article234 1977-07-20 4 11 Kx Data Data payakle Trtalfcr tfceyaar Tetalf* pmkwjnar Tawa ACtty SmiUmtb Kimta Saattoa Malayaa Pa«iM*l*y«U PahMeBaak PriMr A Nmt* Ow»Tiw ttM|0«uH.W LnnrPnk Oriental HoMlag* B. 8nki«m Unrrtow Rah bar Saaro Iadaatria* Siagapen GUm GdrfiKat MtUyaiu Tobacso PuBbedie MakyaaCmat Hilinir Pi »pw.*Im Pahaag Coa—Metod Paper Pr«4act» Matal box234 words
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567 1977-07-20 4 FT LONDON, Tues. The far from complete reorganisation ana reconstruction that has already been achieved at Reed International should, of Itself, ensure further progress In the current year, states Mr. Alex Jarratt, chairman. But, he tells members In his annual statement, closerFT - 567 words
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Article1119 1977-07-20 4 ADRIENNE GLEESO - FASHIONS IN INVESTMENT By ADRIENNE GLEESO F.T. FASHIONS IN investment are like fashions In clothes: plus ca change, plus c'est la me me chose. This year's fashion Is for Income, and it is a style that is as old and as enduring as the hills: sober,F.T. - 1,119 words
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Article110 1977-07-20 4 GROWTH INDUSTRIAL Holdings, a subsidiary of Ptd Malaysia made a $5 million loan to Its Singapore associate company, PanElectric Industries laat year. Interest charged was 10 per cent per annum and total Interest Income received by Growth Industrial last year amounted to $504,845, Pegl says110 words
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COMPANY MEETINGS
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Article20 1977-07-20 4 July 22, 10.30 a.m., Registered Office, Wlsma Teh Wan Seng, 2nd Floor, 12-B Jalan Bandar, Kuala Lumpur.20 words
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Article19 1977-07-20 4 THE following company meetings are due: July 22, 2.30 p.m., 481 Tanglln Halt Road, Singapore.19 words
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Article17 1977-07-20 4 July 23, 12 noon, Registered Office, Chartered Bank Chambers, Beach Street, Penang.17 words
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Article17 1977-07-20 4 Aug 1, 9 a.m., Registered Office, No. 45 8pottlswoode Park Road, Singapore 2.17 words
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Article15 1977-07-20 4 July 30, 12 noon. 4701 OCBC Centre, Chulla Street, Singapore 1.15 words
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Article60 1977-07-20 4 KUALA LUMPUR INDUSTRIES Group pre-tax loss M 5219,892 (loss (208,371) for the first six months ended April 30, 1977. Turnover $1.2 million ($1.07 million). Parent company pre-tax loss $25,233 (loss $#,372). Malayan Cement Unaudited group pre-tax profit M 56.37 million ($8.15 million) for the first halfyear ended May60 words
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Article1195 1977-07-20 4 On July 18 TRADING In options on the Chicago Board Options Exchange came to 135,173 contracts on Monday, compared with 203,324 contracts on Friday. OPTION OCT JAM STOO AM M n »ui uimm mm MM M in M H >'< AffttXB M 1 V* I V4 T1,195 words
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Page 4 Advertisements
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Advertisement230 1977-07-20 4 I S n* j J --T. >•? c jT 7 J 7 r/ t $37/ per copy THEHAMLYN PICTORIAL ATLAS OF THE WORLD m ri(>«:ier ii and cor-nprehtiisive .itL-s n t■if! <ime indispensable both to student ut qeoqraphy and to qeneral re adet .vMi. want to understand the ne.v t-f230 words
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INTERNATIONAL COMPANY NEWS
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511 1977-07-20 5 Row over AngloElementar takeover EUROPEAN COMPANIES FT VIENNA, Tues. The takeover of the Vienna based Anglo-Elementar Insurance Company by the West German Muenchner Alllanz from the Commercial Union of London has engendered here a public debate about what Is described as an excessive foreign Influence of the Austrian insurance business.FT - 511 words
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Article373 1977-07-20 5 FT VIENNA, Tues. OIAG, the holding company for the Austrian nationalised industries, has reported a rise of 19 per cent In the combined turnover of the nationalised companies to 96.5 billion schillings (£3.45 billion) last year. An unchanged dividend of three per cent is announcedFT - 373 words
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Article284 1977-07-20 5 FT STOCKHOLM, Tues. Papyrus, the Swedish pulp, paper and board concern, reported pre-tax profit of 122 million kronen (£16.3 million) on sales of 1.51 billion kroners (£2OO million) for the 18-month period ending March 31. The result indicates that the concern's margin shrank appreciably during theFT - 284 words
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Article207 1977-07-20 5 FT JOHANNESBURG, Tues. Substantial bad debts may have arisen on the leasing book of the Concorde Bank. As a result, the Messina (Transvaal) Development Company has broken off negotiations aimed at selling its 42 per cent stake In the bank. Shares In Concorde were suspended lastFT - 207 words
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Article169 1977-07-20 5 HONOKONO, Tues. Montague L. Meyer, a leading timber group in the UK, had negotiated an agreement with MacMlllan Jardine of Hongkong to acquire a 40 per cent Interest in Its subsidiary, MacMllllan Jardine International. In exchange, MacMlllan Jardine, a joint-venture between Jardine Matheson and MacMlllan169 words
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170 1977-07-20 5 Reuter BRISBANE, Tues. Ruhrkohle AO acquired a 10 per cent stake in the German Creek Coking Coal project In central Queensland, Queensland Mines Minister Ron Camm said. He said Ruhrkohle acquired Its stake from the UK National Coal Board, thus halving the board'sReuter - 170 words
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Article67 1977-07-20 5 SYDNEY, Tues. Citicorp unit, Nessus Investment Corp, said It extended its takeover bid for the 39.2 million outstanding ordinary shares ana the preference shares in lAC (Holdings) to Aug 5 drom July 22. Nessus said it holds marginally over 90 per cent of all lAC's ordinary shares, including the67 words
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1078 1977-07-20 5 NYT VANCOUVER, Tues. Canadian board meetings are by tradition stuffy. Directors adhere strictly to Roberts rules of order and Anglican decorum prevails, perhaps reflecting the country's ties to Britain. But when C. Calvert Knudsen, a Seattle businessman, took over as chief executive of MacMlllan BloedelNYT - 1,078 words
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326 1977-07-20 5 N. AMERICAN COMPANIES Reuter BANKAMERICA CORP cited a strong gain in net interest revenue and a decline in the effective tax rate for its second quarter earnings improvement. i'ne company said nonlnterest revenue also rose, but at a slower rate. Net interest revenue, onReuter - 326 words
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Article259 1977-07-20 5 Reuter RCA CORP., the giant entertainment and electronics conglomerate, reported a sharp Increase in second quarter and first half profit. Net second quarter earnings rose 30.5 per cent to US$7O.l million, or 92 cents a share, from $53.7 million, or 70 cents. Revenue rose seven perReuter - 259 words
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Article583 1977-07-20 5 Options trading minus premium UK COMPANIES Reuter BROKERS W.I. CARR Sons and Co said the Bank of England may allow UK Investors to deal In UK options listed on the Amsterdam Options Exchange without being subject to the dollar premium. The bank may also allow UK residents to deal InReuter - 583 words
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Article169 1977-07-20 5 Reuter PRE-TAX PROFIT at Rank Organisation Jumped from C 32.78 million to £61.07 million for the 28 weeks ended May 14. 1977. The sharp 86 per cent rise in earnings was achieved on sales of £206.78 million, up from £180.77 million previously. This, in turn, reflected buoyantReuter - 169 words
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Article150 1977-07-20 5 AP THE nationalised British Steel Corporation disclosed today it suffered a loss of €95 million last year. Chairman Sir Charles Villiers forecast in the corporation's annual report that there will be another huge deficit in the current year. The loss for the year ended April 2.1977AP - 150 words
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Article41 1977-07-20 5 SELECTION TRUST'S US$5O million 12 year Eurobond issue is priced at 99 Vt per cent and carries an 8% per cent coupon against the originally indicated nine per cent, a spokesman for lead manager Morgan Orenfell and Co said.41 words
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Advertisement102 1977-07-20 5 Have you got your copy of the 1076/77 BUKU MERAH? <>, 6 Sn\ >r r 'if It s the 1976/77 "Red Book office/library reference book covering the business scene in Singapore. It is complete. Built up over 80 years and updated each year. This book contains all the vital information102 words
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Article2230 1977-07-20 6 u« Urn 2? Or". 06* D9» CNe nt Ft* p/m BP co» 8*a Low SECTIONONE 1N1AJBIE1AL1 154 204 M 115 101 im* 168 223 392 171 136 171 at 313 57 156 156 183 360 145 Acrak Alcorn AflvdChoc Bat* Ban Bninm.1 BoaeMadco CftC CCM Cbmm !nd2,230 words
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Article1490 1977-07-20 6 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lota of 1000 units unlets otherwise specified All Time Settlement Contracts are Sted after the word "Sett." Board deals1,490 words
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Article1526 1977-07-20 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* Almi (1.528). A. Mm (•.•OB). A.M.B. (•.MB). (O.TQB) (14) «.TS. (I)1,526 words
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Article64 1977-07-20 6 STRIKING arieea of the stack optica* officially IM en tka Stock Exchange of Singapore, the period*, Md ud offer prioM and business done yesterday, with the another of option* traded shown ia brackets. Inchcape (Sept $2.40) (0.408) (3) 0.43, (I) 0.42, 0.40. Pas Electric (Sept $2.10) (0.208). (Dec64 words
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Article143 1977-07-20 6 SINGAPORE UNIT TRU ST INCOME BOND UNIT (MtBAfm' priow far My M) (Cmi pi rims) The Commerce 1 72 1J2 INCOME BOND IN 1.11 The 8avint Fund O.N 1.04 MARA BUMIPUTRA FUND 8'pore Prof rund O.M 0.91 (Mtn0ws* prioM far JaK M) S pore Security 158 First Bumlputra143 words
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Article100 1977-07-20 6 B O T 1/2% 1981 (100.000) 1102 V.8 103*8) I O T 7 5/8% 1964 (100.000) (90*B 99*8) Credit Lyouai* Flee rim 1983 (100.000) (98HB 90S) DBS Covrerts 1/2% 1991 (100,000) (96H8 98*8) D B 8 8 1/2% 1982 (100.000) (101*B 102S) EIB 9% 1982 (100,000) (103HB 103*81100 words
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Article123 1977-07-20 6 Sep Spare D Mark 7% 1982 (100.000) (100*B 101*8) Rep Spere 1/2% 1983 (100.000) (98*B 98*8) Rep Spere 7 3/4% 1987 (100.000) (100HB 101*8) S 1/4% ls/7/78 (250,000) (101.508 101.578) (4) 101.52 ft 1/4% If/7/78 (850,000) (1) 101.52 4 3/4% l/C/79 (250,000) (100.858 100.928) 5 1/4% 1 ft/19/79123 words
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Advertisement176 1977-07-20 6 Confront Singapore's decision makers in Business Times 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 these who176 words
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Article, Illustration656 1977-07-20 7 SHARE PRICBB were flrnmr am the strength at renewed haying Nppvt la tUrfar Mtfw taiM en tkt Stock Slngakigh« prleoa ni the ami market ftTwitH Inchcape, Sim* Dwhjr and Haw Par rogtoicsod |Nd gaina. Together with gaiae lathe other active couatera, Um Buainaaa Ttame Mas advaaced656 words
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Article374 1977-07-20 7 AN EARLY round of buying failed to attract sufficient follow-through support on the Kuala Lumpur stock market yesterday and prices on balance finished mixed. Lower-priced issues appeared to lose Its appeal as speculators concentrates on a handful of blue chips and glamour stocks. Gains recorded were marginal374 words
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Article336 1977-07-20 7 HONOKONO: The market cloeed lower In quiet trading on Tueadav with selling preaaure on lirfci Matkiaia the mam feature, dealers aald. The Hang Seng Index dropped pointa to cloee at Jaidbw tail 80 cants to 814.20, Swfce Paatte 10 cents to 08.80, Himkeg Bonk 18 centa to 817. jo336 words
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Article440 1977-07-20 7 TOKYO: Share prlcea fell sharply on liquidations In export-oriented blue chips, on fears the record large June customs clearance trade surplus may trigger further trade friction, dealers said on TuesDow Jones average lost 46.95 to close at 4,964.07 with volume 170 million shares. The New Index closed at 373.63,440 words
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Article386 1977-07-20 7 SYDNEY: Banka, uraniums, sugars and selected industrial and mining stocks declined, dealers said on Tueeday. The Sydney All-Ordinaries Index dropped 1.73 to cloee at 452.11. Bank of NSW fell 12 centa to 85.28 and ANZ Beak three centa to 83.88. CBA fell 18 centa and CBC dropped one to386 words
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Article142 1977-07-20 7 MANILA: The market closed lover with reduced turnover, dealers said on Tuesday. AtUa fell seven points while Orieatal, Phil Overseas, Baa Miguel and PLOT eased one. Marladii4«a rose two points whUe PUlax and Bssfrsal both rose one. Lack of followup news from the offshore Palawan drlllslte retarded activity In142 words
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Article88 1977-07-20 7 JULY H BahU AMa Fibre 1«T ai ♦1 unch trtB&S 1 >"'1 1 1 M Ml -I Bata saoe unch Berll Jucker Charcot* Thai Wire M« 17JB 1» unch Dumex DutftTteni 2100 ♦1 WW1 UXJ rmtTnut Indo-Thal InduMrtal Finance COTD J And J Ho JalapraUtan 1418 1219 HI -188 words
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Article240 1977-07-20 7 AMBTERDAM: The market closed generally lover In very quiet trading, dealer* said on Monday. loyal Dateh lost 1.90 guilders In other viae easier Dutch Internationals, while Uiflrrer cloeed unchanged. Elsewhere, shippings and transports were weak with tosses up to 3.46 guilders The rest of the market was steady apart240 words
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Article162 1977-07-20 7 BRU88EUB: The market was broadly lower despite the rise on Wall Street, dealers sakl on Monday. There were no major local issues among the rises, while falls included Cmmili Luh bart, Seciete OwwtM, Meetrebel, Traetiea, Clabeeq, ■aiaal B«ahw. UCB, Sehray and lateeMS. U.K. and French issues fell, and Oennan162 words
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Article250 1977-07-20 7 FRANKFURT: Shares dosed mostly into In nsrtous buidm Influenced by the dollar weakness. bourse aouroM Mid In Monday. V/W In auto* lost 5.40 mark* while banks, ateela and rtwntcatojr^MUie^ehMyd eased one mark. BBC lh electrtcala fell 1.80 marks while In utUlUee RW* gained 1.70 marks. The bond market was250 words
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Article149 1977-07-20 7 MILAN: The market cloeed easier after a mixed opening on a general lack of buying Interest. bourse sources said on Monday. In major Industrial Plat, Both Pirelli and tela Vlsosss fell while both Olivetti and Meatedlsea were marginally higher and Anle waa unchanged. Financials, banks and Insurances followed the149 words
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Article277 1977-07-20 7 PARIS, The market was easier on balance In thin trading following the large growth In the French trade deficit in June, dealers said on Monday. Banks constructions and metals were mixed but motors, chemicals, foods, engineerings and oils lost ground. Golds lost fractions, German stocks were mixed and U.S.277 words
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Article277 1977-07-20 7 ZURICH: The market was steady in quiet trading, dealers said on Monday. The main Interest centred again on Belly, with Its beamr shares rlalng while lta registered shares were unchanged. Among banks, BeakOesellsekaft rose, while KreditaaeUk declined slightly Meter-Celassfeas recovered among flnandals. and In Industrials Beee and Alaaiilau rose.277 words
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Article363 1977-07-20 7 JOHANNESBURG: Oold shares were mixed on the stock market in lacklustre trading, dealers said on Monday. Some shares declined in line with the lower bullion price, while others were marginally firmer on small London Interest, they added. Financial minings were also mixed In thin trade. Coppers were quiet and363 words
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Article289 1977-07-20 7 TORONTO: The market closed higher In active trading on Monday, with the composite Index up almost 1- V* points and advances leading declines 2M to IM. Canada Trastee A gained ttto 20 on higher second quarter earnings, CuMitd Ptjpa rose Vi to 5-W after reporting Improved first half results289 words
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Article1178 1977-07-20 7 NEW YORK: Prominent computer Issues led a broad stock market advance In heavy trading on Monday as Investors turned their attention to a rash of Improved corporate earnings reports Interest In computer shares was sparked by later—ltoael Baslaees Maeklaes Cerp last week after the company posted a strong1,178 words
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Article62 1977-07-20 7 FINANCIAL TIMES INDUSTRIALS Monday 490.5 Friday 463.7 Week Ago <38 8 DOW JONES AVERAGE INDUSTRIALS Monday 910.00 Friday 908.06 Week Afo 906.81 LONDON DOLLAR PREMIUM Monday Ill* to 112* Friday Ill* to 111 H.K. HANG SENG Monday 427.96 Friday 431.31 Week Ago 436.64 SYDNEY INDUSTRIALS Monday 374.86 Friday 378.0062 words
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Advertisement347 1977-07-20 7 BUSINESS TIMES Airline Directory SW Centre, Orchard RoW, Simapo.a (Tel: 577.111) Air Ciytow ••"•l ffVOTI^V ffcra.Tai Air Franc* Greand Floor, ICB MMng, Shenten Way (Td: *****11) IMi Rnt, UIC InMilig, Shenten Way, (Td: 220S 477) Air New < Ltd 614. Oraand HnrOcM I finikin 1. (Tal: *****4) M Flaar Kclv't347 words
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COMMODITY REPORTS AND PRICES
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Article442 1977-07-20 8 VALUES in the Singapore rubber market yesterday opened 0.75 cent higher following steadier London advices, and advanced further on short-covering and speculative buying, dealers said. Towards noon, however, prices fell back fractionally on profit-taking and some upcountry liquidation, they added. The morning session closed quiet442 words
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Article194 1977-07-20 8 BANGKOK, Tues. indicative prices quoted here were: White Rice 100 per cent Ist class 302 100 per cent 2nd 287 100 per cent srd 283 5 per cent 274 10 per cent 290 IS per cent 247 20 per cent 244 25 per cent 239 39 per cent unq194 words
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Article30 1977-07-20 8 Rubber: July 19 Singapore: July 193.25 eta (up 0.58 ct.) Malaysia: July 194.2S eta (up 0.50 e«) Tin: $1,585 (up $28) Official offering: 160 tonnes (down 36 tonnes)30 words
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Article312 1977-07-20 8 Prices in cent* per kilo yesterday: Noon (per kilo) Buyer* Sellers Int. 1 R.8.8. prompt f.o.b. 182.00 193 OON Int. 1 R.8.8. August 103.90 184.00 Int. 1 R.8.8. September 186.00 196.23 Int. 2 R.8.8. 181.90 182.90N UK/Cont. 180.90 181. SON Int. 3 R.8.8. 187.79 18S.79N UK/Cont. 186.79 187.79N312 words
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Article79 1977-07-20 8 R.A.8. (Cum n n i i ■tilth) Saltan (Farward Mtk) ouy»n *rhc> iooa lepvkK) SSR20 (1-ton Pallet) 192.00 193.00N 193.00 194.00N SSRSO (1-ton Pallet) 110.00 190.00N 190.00 *****N M. R. L. B 8MRSCV (1-ton Pallet) 214.00 216.00N 214.00 216.00N 8MR5L (1-ton Pallet) 211.90 213.SON 211.90 213.90N SMR579 words
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Article441 1977-07-20 8 DULL trading conditions ruled on the Singapore produce market yesterday In line with quieter overseas sentiment. A steady tone continued to prevail In the pepper market. Contracts done, however, were minimal as buyers and sellers awaited a clearer lead from overseas. In the past few days, enquiries from441 words
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Article266 1977-07-20 8 HONGKONG, Tues. The cotton futures market closed lower In moderate trading, following the overnight decline In New York, dealers said. Losses ranged from 1.20 to 1.65 US cents. October and May were untraded. Total turnover rose to 72 lots from yesterday's 20. SPOT PRICES YARN and cotton ex-g266 words
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Article55 1977-07-20 8 C.I.F. Rotterdam, *J8 dollars pi LONDON: tr ton. H—dmy Malaysia 5Hf fa bulk Sumatra 5% July Aug Sept Oct Jan Nigerian 5% ffa bulk ROTTERDAM: Sumatra August Zaire Belg francs per kilo unq unch 525sir 517 SOslr 305slr SOOslr unq 52Sslr unq unq SlOpd MSslr'Sn.iOpd 525*i r 525pd55 words
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Article272 1977-07-20 8 LONDON, Tues. Terminal cocoa experienced a sizeable technical shake out In early dealings, Incorporating an almost immediate £40 limit decline In near September at £3,086 without months further forward even being tested. Losses at the end of the special call ranged from £64.50 (spot July at £3,335.50) to £40272 words
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Article234 1977-07-20 8 THE Straits tin price In Penang yesterday was up $25 to $1,585 on an official offering down 30 tonnes to 100 tonnes. Despite London metal exchange overnight weakness, the market advanced on speculative and buying Interest mainly from US and Europe, dealers said. In LONDON yesterday morning,234 words
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Article204 1977-07-20 8 LONDON. Tues. Terminal opened the morning £1.75 to £0.90 per tonne down in sales of 948 lots. Dealers said the decline mainly occurred during last night's kerb when confirmation by Braxll of raw and white sugar sales last week totalling 100,000 tonnes unsettled the market. On Monday afternoon, futures204 words
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Article480 1977-07-20 8 LONDON, Tues. Futures ended a quietly steady opening session £7.00 to £32 (September £2,545) down from last night with only 120 lots traded. Dealers said local dealers and commission house selling was well absorbed by trade buying Interest. There was no fresh news to Influence the market and the480 words
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Article147 1977-07-20 8 CHICAGO, Tues. Soybean futures dropped sharply In early dealings yesterday, with all months falling the 30 cent a bushel limit before paring losses and trading 25 1/3 to 26 cents lower after the first hour of trading. There were 1,170,000 bushels of soybeans delivered in the morning. Soybean product147 words
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Article57 1977-07-20 8 CHICAGO, Tues. Wheat futures slipped as much as several cents below previous seasonal lows in eany trade yssterrtsy but losses were reduced to two 1/2 cents a bushel by the end of the first hour. On the decline, the July contract readied 82.26-1/2 and September 82.30. There were 106,00057 words
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Article345 1977-07-20 8 LONDON, Tues. Copper wlrebars finished the morning with all round gains of £3.50. Dealers said prices found some covering support on the early pre-market prompted by firmness of gold and modest enquiry from West Oermany induced by currency considerations. Three Months worked up from £741 per tonne at the345 words
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Article107 1977-07-20 8 LONDON, Tues. Lead In the morning gained about £5.00 for cash and £4.50 for Three Months. Prices advanced on shortcovering encouraged by some continental physical business and further enquiry from Eastern Europe together with the overall tone in base metals, dealers said. Three Months traded up to £342 in107 words
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Article83 1977-07-20 8 LONDON, Tues. Zinc in the morning gained £1.75 for cash and £2.75 for Three Months. The metal reflected the general trend in base metals but produced only routine two-way activity, dealers said. Three Months traded up to £333 per tonne before being shaded by hedge selling. Sales of 3,25083 words
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Article346 1977-07-20 8 IN the Singapore market yesterday, gold opened tighter at 5511,606. Prices fluctuated In a range of 5541.00 and closed at SSI 1,565 .which was the low of the day. In the London market the metal opened at 145.20/50 and closed at the low of U*****.85/145.90. The London morning fix346 words
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Article216 1977-07-20 8 LONDON, Tues. Silver yesterday afternoon lost 1.3 to 1.2 pence per troy ounce. The market sagged initially but later hardened on light covering prompted by the recovery at New York, dealers said. Three Months finished trading at 269.5 pence per troy ounce with sales of 85 tonnes mainly carries216 words
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MONEY AND EXCHANGES
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Article511 1977-07-20 8 INTEREST in the US dollar In Singapore's foreign exchange market yesterday was Intense, dealers said. The dollar was traded heavily mainly against the Deutschemark, although there was some Interest in trading the dollar against the yen. Dealers explained that this was because the dollar's opening against the mark this511 words
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Article42 1977-07-20 8 acbc Firat Chicago S'. Citibank «H Bangkok Bank 7 HSBC «S Bank at America «H Hank of 7 CH «H Milaui Bank Bank Nefara OCBC Indonesia 7 OUB «v„ UCB 7 C±mmm MaakfttUn Ck UMBC 7 DBS *4 UOB42 words
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Article150 1977-07-20 8 Asian rates ASIAN currency deposit 1 Interbank rmte* as at ckoar on July It U8 Dolia n(Spat) Ofltar BM 7 Days .51/2 5 3/8 1 mth .iM S1/2 2 mths .53/4 5 5/8 3 mUis S 15/16 513/16 6 mth* 613/16 61/16 9 mths .65/16 63/16 12 mths .61/16 65/16150 words
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Article48 1977-07-20 8 RANOE of price* offered by discount house* on July It Overnight 2 to 3* Call deposit 3% CM Bv 3-Month Treasury bllU 3 2 7/B 3- Month Bank trfUa 4 l/l 4 3-Month CD 41/3 4 3/1 •-Month CD 4 5/1 41/3 Source: National Discount Co. Ltd.48 words
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Article116 1977-07-20 8 Euro rates LONDON, Tues. Trading In Eurodollar deposits was initially quiet, dealers said. Period rates were largely unchanged at closing steady levels apart from the Three and Six Month rates which hardened 1/16 because of the Friday end of period technicality, to 515/16 5 13/16 and 6 3/16 6- 1/1#116 words
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Article45 1977-07-20 8 FRANKFURT exchanges opening quotes on July 19. US 2 M4O/ M Can 2 1410/ UK IM/ MM NHil 03.5/S* Swtu 94.3 V a Italy 1.57/ S« rrmnee It.lt/ 86 Nor* 38/ 40 Belt coin 6.3 V 40 Belt fin 6.37/ 3* Japan 0.6610/ 9045 words
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Article178 1977-07-20 8 NEW YORK, Tues. The dollar closed sharply weaker across the board after heavy selling from Germany near the European close triggered further nervous sales in the afternoon yesterday, dealers said. The most spectacular move of the day came In the mark, which closed at a record high of178 words
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Article137 1977-07-20 8 LONDON, Tues. The dollar extended yesterday's decline, falling to 2.2635/45 marks from 2.2659/69 overnight. The yen advanced in line with the mark in moderate opening business, reaching around 263.65/80 to the dollar against today's Tokyo close of 264.05 but was little changed, from 263.70/85 overnight In London. Sterling traded137 words
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Article162 1977-07-20 8 TOKYO, Tues. The US dollar for overnight delivery recovered slightly to close at 264.05 yen, up from 263.70 at the opening but compared with 264.45 at yesterday's close. The Initial decline reflected the appreciation of the yen abroad following news of Japan's large customs clearance June trade surplus, dealers162 words
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Article127 1977-07-20 8 HONGKONG, Tues. The US dollar recovered to a late 2.2635/45 marks In active, nervous trading, on profittaking after the sharp overnight fall In New York, where it closed at 2.2615/25, dealers said. The rate fluctuated during the day, opening around 2.2630/40 but dropping to a low of 2.2610/20 at127 words
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Article54 1977-07-20 8 ZURICH closing exchanges on July 18 US 2 4023-4033 UK 4 1306-1330 C*n 2 .2700-2720 W Oerm 106.82-92 Neth 06 63-72 Prance 49 56-62 Belg 6 76 1/1-77 1/1 Denm 40.51-54 Norm 49.96-99 Bwed 55 26-33 Italy 0.2714-2727 Austria 14.91-93 Port 6.13-29 Spain 2.77 V4-7S 1/4 Art 0.96-69 Japan54 words
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Article42 1977-07-20 8 AUSTRALIA/NZ exchanges on July 19 Australia: Steriln* 0.9673/0 66*3 US dolkr 1.1*71/1 1223 m ll rmtm: sterling 0.0791 US dollars 0.6967 ■■MjmMßumnac US dolkn 1.1199 New Zealand: Sterling 0.5662/0.5630 US doikr 0 .9783/0.9663 Ninety-day forward rate: Sterilng (P5563 US dollar 0.959642 words
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Article305 1977-07-20 8 LONDON, Tues. Straight Eurobonds traded quiet and little changed, dealers said. Canadian issues and convertible bonds also followed the quiet and barely changed tendency, dealers said. LONDON Eurobond prtcet on July 19 Straight* 1 BM Oflfcr Austria 8* 90 10 f* 102* Bell Canada 8*84 104* 106* BFCE8*83 101*305 words
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Advertisement150 1977-07-20 8 barrier language the let Don ide you from stop w m contacts SSs*l T' *r M, I 1 <vj w Y r* I ©e* 3 ~oa ,vA e \o^ 6 I v 1 A. *a V > !!*«>•«* 3^ \e V f y t J YOU SIMPLY CANNOT FAIL WITH150 words
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TRANSPORT AND COMMUNICATIONS
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340 1977-07-20 9 Reuter NEW YORK, Tum. Xerox Corp. yesterday introduced a new copier that "tracks Its own performance" with a microcomputer Inside. The new model, the Xerox 5400, Is expected to reduce service calls or the need for a trained operator in the office, the giantReuter - 340 words
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Article176 1977-07-20 9 Reuter LONDON, Tues. British Airways expects to spend at least £2 billion (SsB.s billion) by 1990 on buying new aircraft to replace Its existing fleet, a spokesman said. With world passenger traffic expected to rise seven to eight per cent annually, British Airways traffic wouldReuter - 176 words
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Article, Illustration386 1977-07-20 9 THE Phlllpptnes-81nfa-pore Submarine Cable Meeting of Investors, which opened yesterday, will draft a formal share agreement among the Investors, and finalise details of capital, operation and maintenance costs. The three-day meeting was opened by the Senior Minister of State for Communications, Mr.386 words
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Article91 1977-07-20 9 AIR New Zealand began handling Its own traffic and cargo functions at Lot Angeles International Airport from July 1. This will make It the only Air New Zealand destination outside New Zealand and Rarotonga where the airline employs Its own service staff and. it said,91 words
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Article397 1977-07-20 9 CHARTERING activity remained modest and business was not enough to prevent a slide in rates. Evidence of two fixings of 25,000 tons each, US Oulf to Japan grain at U589.50 and 89.25. Similar tonnages received 89.75 810 a month ago. Brazilian sugar exports provided a firm 824.70397 words
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Article235 1977-07-20 9 AP LONDON, Tues. Atlantic rates held approximately steady yesterday but Indian Ocean sugar rates tended to weaken slightly In fairly busy weekend chartering. China took 11,550 tons of Thai sugar from Bangkok aboard the "Twig Jlt T at US$9.B5 (FIO) compared with $10.75 paid for 14,000 tonsAP - 235 words
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Article403 1977-07-20 9 EXPECTED ARPIVALB TODAY KEPPEL WHARVES Alrazi (after Rabibah and Rafl) 44 Bunga Mas (0600 after Vlshva Tlrth) 18 Centaur (1330 after Neptune) 42/43 Fujlyasu Mara (JAJU) (Tanker) (P/O) (after Stolt Span) (Subject gas free) 14/15 Gallant Pioneer (3FEG) (after Long Shan and Stolt Span) 10/11 Gerbera (Car Carrier)403 words
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350 1977-07-20 9 AP AFP DETROIT, Tues. Volkswagen unveiled here yesterday an experimental dlesel Rabbit which the firm says averages 25 km to the litre of fuel meets two tough antl-pollutlon standards and protects occupants In 85 km-per-hour crashes. The experimental Rabbit, developed under a contract withAP; AFP - 350 words
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217 1977-07-20 9 AFP LONDON, Tuea. The safety of the world's oil tankers and oil pollution of the oceans came under close scrutiny once again in London yesterday when a special working group of the Inter-governmental Maritime Consultative Organisation (Imco) started its third andAFP - 217 words
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Article102 1977-07-20 9 AFP ALGIERS. Tues. Algeria, which has Just bought the world's biggest methane carrier (capacity 120,500 cubic metres of gas) for an estimated ÜB9UO million *****0 million) Is to carry out sea trials before sailing the vessel to the port of Bklkda, eastern Algeria, it was teamedAFP - 102 words
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Article34 1977-07-20 9 NICOSIA, Tues. The Iratoil Tankers Company Is to take debvMTsbortly of two new tankers each of 155,000 tone, built by the Swedish Orm OoUverken, the Middle East Economic Review reported hers.34 words
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233 1977-07-20 9 Reuter NEW YORK, Tuee. An American hat been named president and chief operating officer of Cunard iJim Ltd., the 137-year-old British steamship company announced. The new chief of Cunard will be Mr. Ralph Bahna, 34, who has been president of Cunard Line US sinceReuter - 233 words
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Article26 1977-07-20 9 THE well-known West German dlesel engine manufacturer, Motorenfabrlk Hats, has appointed United Motor Works as Its sole distributors in Singapore, Malaysia, Indonesia and Brunei.26 words
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Article572 1977-07-20 9 ARRIVALS tevfaa lull Operator Nwkv TkM Vkwi TMA MAS PAN TL90CB MH682 PA847 0690 0810 0810 TPS KCH SFO/HNL/ OUM CPA OIA THAI SIA THAI OIA OIA CX710 OA90O T0423 SQX11 T0981 OAM4 GA906 1000 1090 1095 1045 1060 1065 1100 HLP HLP BKK HLP BKK PKU572 words
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Advertisement262 1977-07-20 9 i i i ma J The three bosk needs and the three parts of BritamiaQ 3 1. To fe< at the facts often a tingle fact aesity and quickly. without having to raad a long article in which that fact is embedded. This need it terved by the 10-voluma Micropaedia,262 words
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1000 1977-07-20 10 THOMAS MULLANEY - By THOMAS MULLANEY NYT NEW YORK:— DespJts numerous and complex problems political and economic throughout the vorld, manj American companies of various sixes are moving forward with stepped-up capitalspending programmes at their foreign subsidiaries and affiliates this year. Unless circumstances change the picture overNYT - 1,000 words
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Article, Illustration792 1977-07-20 10 HARVEY MORRIS - By HARVEY MORRIS Reuter BUENOS AIRES: The U8 dollar may be under pressure In the world's major money markets, but It Is thriving In Argentina. Its value has risen mis year by more than 30 per cent against the Argentine peso and latestReuter - 792 words
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Article, Illustration1089 1977-07-20 10 ROBERT TAYLOR - By ROBERT TAYLOR BRUSSELS: Greece aims to be part of the Common Market by 1980, Portugal wants to Join 12 months later, and Spain is not likely to lag far behind. Less than five years after being expanded from six members to nine, the European Economic Community1,089 words
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Article, Illustration902 1977-07-20 10 GROG SMOSARSKI - Geneva enjoys its status as a world leader among conference centres. Bat the presence of the world's highest-paid civil servants working for the United Nations makes this prestigious position very costly for the ordinary citizens. By GROG SMOSARSKI FT GENEVA: Here la theFT - 902 words
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Page 10 Advertisements
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Advertisement146 1977-07-20 10 I I I I unite at Katabauo Kw and so* haw you snounot itytngj badminton 4 aqua* count, swimming wading pools, aaunot gym. BBQ pi*t picnic grounds, and Snack Bar, roady around lh» and of 77. *H hour security, comploioty kitchonwith ouiomohc washar 4 spin Built-in kitchon cupboards t waik-incioso*.146 words
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Article, Illustration200 1977-07-20 11 THE GULF states in West Asia are at a stage of economic development that will provide a lot of opportunities for local businessmen to expand their commitments in that area. This was stated yesterday by, Mr. Michael Phillips, Chartered Bank Singapore's recently appointed marketing200 words
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Article420 1977-07-20 11 ADVERTISERS in Singapore are turning more to music and songs to put their messages across, Judging by the number of Jingles that go on the air these days. Prime time on Radio and Television Singapore (RTS) for Instance, Is between seven and nine In the420 words
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Article127 1977-07-20 11 Reuter BANGKOK, lues. A government committee has proposed that the Industrial minimum wage in Bangkok. Thailand's main industrial and commercial centre, should be raised from 25 to 28 baht (Ss3 to $3.42) a day, official sources said today. The recommendation is expected to be approvedReuter - 127 words
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Article60 1977-07-20 11 THREE polling stations have been announced for the July 23 parliamentary by-election for the Buklt Merah constituency. They are Buklt Merah South School, Bukit Merah Vocational Institute and Henderson Primary School. The two candidates contesting the seat are Mr. Llm Chee Onn of the Peoples' Action Party and60 words
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473 1977-07-20 11 AFP TAIPEI, Toss. Taiwan is expected to increase the volume of its foreign trade in the second batfof this year, a Ugh ranking trade official said. Mr. H.K. Shoo, deputy director of the Board of foreign Trade, quoting Tuttimit statistics, that Taiwan's foreign tradeAFP - 473 words
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Article, Illustration565 1977-07-20 11 UPI TOKYO. Tues. New US Ambassador to Japan, Mike Mansfield, warned Japan today that "an extraordinary rapid growth in selected exports to aenslUve markets" may become a political issue in America. In his first address to a public gathering since assuming his TokyoUPI - 565 words
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Article393 1977-07-20 11 Reuter UPI TOKYO, Tues. Japan today announced a massive US$l,4OO million (803,550 million) visible trade surplus for June despite tocreased foreign criticism of Its export drive. Despite repeated government warnings to businessmen that Japan faced International Isolation unless the export surge was curbed, the preliminary visibleReuter; UPI - 393 words
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171 1977-07-20 11 Reuter TOKYO, Tues. Japanese shipyards expect foreign orders for vessels to be slashed by half this year compared with 1070, following increased competition from countries such as South Korea and Yugoslavia, it was announced here today. The Japanese Ship Exporters Association said duringReuter - 171 words
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Article143 1977-07-20 11 UPI TOKYO, Tues. Two Japanese exploration firms win sink two additional test wells off Noahlro near Aklta Prefecture, about 800 kilometres north of Tokyo, in a continuing joint hunt for oil, industry sources said today. Japan Petroleum Exploration and Idemltsu Exploration companies have struckUPI - 143 words
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174 1977-07-20 11 Reuter DACCA, Tuea. Japan has pledged U8155.5 million (***** million) In commodity assistance and $4 million in food aid to Bangladesh for the current fiscal year, it was announced here today. The announcement followed formal talks between visiting Japanese foreign minister, llchlro Hatoyama, andReuter - 174 words
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Article736 1977-07-20 11 AP LONDON, Tues. The International Tin Council (ITC) yesterday broke a 20-year-old tradition and began moving away from rigid export controls to the more flexible method of buffer stock intervention as a means of protecting producers and consumers against wild market price fluctuations. In aAP - 736 words
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188 1977-07-20 11 UPI TOKYO. IW. Australian Prime Minister, Malcolm Fraaer, seat a personal letter te Prime Miaister Takee Fukuda recently requesting the Japanese Government to lake efforts to reeotve "an importaat problem" between the two countries. Quoting an Australian {ovornment source, the (ainicki newspaper reportedUPI - 188 words
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Article44 1977-07-20 11 AFP TOKYO, Tues. Japan exported textile products worth U8M09,783.000 (891,008,066,000) last month, up 7.S per cent over a year ago, according to official statistics released toJune textile exports accounted for 6.1 per cent of Japan's total merchandise exports during the month.AFP - 44 words
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335 1977-07-20 11 AP AFP SYDNEY Tues The Queensland government will hold negotiations with three coal development consortiums, Including an American and a European company, on a cost-sharing programme to open up three huge coal deposits In central Queensland. The announcement followed the Americanowned HoustonAP; AFP - 335 words
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431 1977-07-20 11 NYT HONGKONG, Tues. China's economy has begun to recover from serious dislocations caused by last year's political turmoil. Industrial production In the first six months of 1077 showed an Increase over the same period of 1976, according to figures released recently byNYT - 431 words
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448 1977-07-20 11 AP BANGKOK, Tues. Officials of a Thai-American Joint venture company signed a contract today with the Thai Government, paving the way for a major zinc refinery project which had been stalled In lengthy negotiations, a spokesman of the Department of Mineral Resources said. Mr.AP - 448 words
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Advertisement164 1977-07-20 11 SEE PACK 5 GAMBLERS HANDBOOK m (P p& L i r? v. A tfi w (0 rP ►S r" 01 It* 1 H V 16/. by E. Lenox Figgis F.C.A. A practical handbook explaining how batting tokos place on the world's most popular batting pastimos, including horsas, dogs, football pools,164 words
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760 1977-07-20 12 SINGAPORE'S petrochemical complex may face difficulties in finding markets for Its products, especially In Asean. There has been a general slowdown in the production of. petrochemicals worldwide recently, and although demand Is envisaged to Increase as economies recover from the recession, the760 words
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616 1977-07-20 12 SINGAPORE shippers agree that It is cheaper for Indonesian traders to buy direct from Singapore than from sources in Jakarta. This is because there are more frequent services through Singapore which together with port efficiency reduces the overall freight616 words
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284 1977-07-20 12 ELECTRICAL goods manufactured in Singapore have been granted concessionary treatment by the Far Eastern Freight Conference (FEFC). The FEFC's general rate increase of 12.5 per cent, Implemented on July 1, will be applied to these goods in two stages. The rate for electrical goods284 words
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235 1977-07-20 12 Reuter HONQKONO, Tues. The Hongkong Government said It approved a proposal to extend the Mass Transit Railway modified Initial system to Tsuen Wan, costing an estimated HK14.1 billion (8*2.05 billion) Including price escalation but excluding financing and land costs during the construction period betweenReuter - 235 words
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Article99 1977-07-20 12 THE clrll suit taken out by Tan Chong and Bon* Motor Bdn Bhd against Mr. Tan Geo* Km relating to sale of a property In Rochore Road for 1246,400 baa been settled. The plaintiffs bad originally sought a court order for completion of the sale, which99 words
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Article238 1977-07-20 12 A 10-MEMBER Singapore timber trade mission leaves for Jakarta today for a 10day visit. Led by Mr. Ho Mun, deputy chairman of the Timber Industr7 Board (TIM), the team will seek to accomplish three objectives. They are: Obtain a better understanding of the timber supply238 words
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Article56 1977-07-20 12 Reuter TOKYO, Tues. Japan and Indonesia's Atomic Energy Agency (Batan) will open talks soon on Joint exploration ofxliranium reserves in central Sumatra, the Japanese Foreign Ministry said. It said no date has been set for the talks, and denied a Kyodo News press Agency report that anReuter - 56 words
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407 1977-07-20 12 ASEAN MOST PROMISING DEVELOPMENT IN YEARS Reuter TOKYO, Tues. The U8 ambassador to Japan, Mr. Mike Mansfield, today described the economic achievements of the Asean countries as one of the most promising developments of recent years. Speaking at a luncheon meeting of the Research Institute of Japan, he added: "America'sReuter - 407 words
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Article459 1977-07-20 12 LONDON, fuat. Government bonds drifted lower on lack of buying Interact MiiMt a background of political and economic uncertainty, dealsrs said. Longs were up to 1/4 point low while shorts eased by up to 3/8 point In plana. At 8.00 pm the Financial Times Index was down 3.1459 words
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142 1977-07-20 12 BBOUL, Tnea. South Kms has spaaed «pita domestic by slUvlil <»■ American cdmpany to operate htrt, tha Finance Ministry said today. Tha ministry pasted a Be—oe to Ammimm Hone Asauranceef New Yerk yssterrtsy to handle It typo* of Vasal iaourasoes virtually all142 words
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Article110 1977-07-20 12 AFP TOKYO, Tues. Mitsubishi Heavy Industries of Japan announced here today that It and P.T. Rutan Machinery Tradlnc Co. of Indonesia plus a Japanese trading firm have set up a joint venture In Indonesia to produce and sell dlesel engines for agricultural use. It said theAFP - 110 words
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531 1977-07-20 12 Reuter WASHINGTON. TUOS. The Securities and Exchange Commission (SBC) said yecterday It was beginning a review of trading In stock options and would not approve any new or expanded options trading until the review was completed. Trading In call options, which are options toReuter - 531 words
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Article102 1977-07-20 12 Reuter WASHINGTON, Tues. Boeing Co said It received 70 commercial jet aircraft orders in the second quarter valued at about U811.4 billion (853.4 billion). It said both second quarter and first half order volume has exceeded expectations. The second quarter orders brought first halfReuter - 102 words
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Article69 1977-07-20 12 THE Consumers' Association of 81 ngapon (CMS) will be assisting the Serangoon Gardens Residents' Association to surrey prices at two markets in the area. The object of the survey, which will be carried out at the Serangoon Gardens market and the sth-mile Upper Serangoon Road69 words
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132 1977-07-20 12 Reuter MANILA, Tuee. Food processing industry icineoeotatives from the member-states of Asean will meet here on Saturday to launch an Asean Food Processing Industries Federation (AFPIF), officials said today. They said about M delegates from the Philippines, Thailand, Singapore, Malaysia, and Indonesia were expected toReuter - 132 words
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Advertisement121 1977-07-20 12 SEE PAGE 5 Taste the difference in TSINGTAO BEER t Tsingtao beer is distilled from the sparking mineral waters of Mount Laoshan in China. There's abundant goodness bottled up n. 7^ 1 i S m h ru t n NOW LEASING IN THE HEART OF JAKARTA Urnl The Arthaioka Building121 words