The Business Times, 22 July 1977

Microfilm: NL9344
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, JULY 22, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      $30m TV orders
      66 1 EXPORTB orders worth 930 mlllloii are being negotiated between a local television manufacturer, Roxy Electric Industries (8) Ltd, and a German and a British firm. A Rosy director, Mr. Y. C. Yek, said that his company is discussing the possibility of exporting 50,000 36-cm colour television sets
      66 words
    • Article
      Lock icon Border shootout
      67 1 AP CAIRO, Thurs. Libya launched an armoured and aerial attack across the Egyptian border today but was beaten back with the loss of 40 tanks and two planes, Cairo radio reported. Stopping short of saying a state of war existed between the two Arab neighbours, the radio said
      AP  -  67 words
    • Article
      Lock icon NZ to pay an extra cent
      46 1 UPI WELLINGTON, Thurs. New Zealanders have to pay an extra cent for spirits and cigarettes under the budget presented to Parliament tonight by Prime Minister Robert Muldoon. Mr. Muldoon said he aimed to stimulate exports while holding Internal consumpion. UPI
      UPI  -  46 words
    • Article
      Lock icon Asean swap scheme
      52 1 APP MANILA, Thurs. Leaders of Asean will sign in Kuala Lumpur next month during the summit meeting a swap facility agreement aimed at facilitating lntra-Asean trade, Philippine Economic Planning Secretary Gerardo Slcat said yesterday. The agreement Is aimed particularly at helping Asean member countries faced with balance-of-payments
      APP  -  52 words
    • Article
      Lock icon Carter's order
      36 1 UPI WASHINGTON, Thurs. President Carter today ordered the elimination of "gas guzzling" automobiles in the Government's fleet of cars and 45 per cent reduction In the amount of energy that federal builders use. UPI
      UPI  -  36 words
    • Article
      Lock icon Gold and silver
      50 1 AFP TOKYO, Thurs. The Securities Dealers' Association has decided to add Hongkong's gokl and silver stock exchange to Its list of overseas markets. Under the decision, effective Aug 1, stocks listed on the Hongkong exchange are available for trading by Japanese Investors, according to the association. AFP
      AFP  -  50 words
    • Article
      Lock icon 'Not me' says tycoon
      62 1 AFP TOKYO, Thurs. Japanese business tycoon, Mr. Kenjl Osano, categorically denied any Involvement In the multl-mllllon-dollar Lockheed payoff scandal at the first hearing x>f his trial which opened at the Tokyo district court today. He Is the 17th and last defendant Indicted in connection with the
      AFP  -  62 words
    • Article
      Lock icon Dow Jones
      101 1 UPI NEW YORK, Thurs. Stocks, plagued a second day by profit takers, headed lower In active trading on the New York Stock Exchange. Some investors were disappointed by the Labour Department's report that the June consumer price index rose 0.0 per cent, or at a 7.2 per cent
      UPI  -  101 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      147 1 SHARE PRICES moved irregularly in moderate trading to a barely steady close oik the Stock Exchange at Singapore yesterday. The Business Times index closed 1.88 points higher at 398.66 and the Straits Tlmee Industrial Index moved 0.09 point up to 287.86. RjSOS Most ocfivo bit Wood 140
      147 words
    • Article
      In Kuala Lumpur
      100 1 Rists Most active 8. Dredge 5.85 20 Inchcape 640,000 Si me Darby 443,000 Int Wood 1J7 .19 Olympla 440,000 O. Ceramics 0.7S Intraco 2.35 12 +!n J.C.-M.P.H. O.C.B.C. 6.90 .10 Total Turnover: 4.88 If Bousteadco 1.68 +.01 Total Value; 100.901 BtSemb. rand N 2.30 3.96 +.07 .06
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  • Article, Illustration
    US not likely to raise new trade barriers
    498 1  -  HIGHER EXPORT TARGETS Sy ONG LECK KEONG THE UnitedUßtatea is unlikely to set up restrictive trade barriers against its trading partners despite an anticipated trade deficit of about UBS2O billion (9164 billion) by the end of this year. This was indicated by
    498 words
  • Article
    Lock icon US consumer prices rise
    265 1 AP WASHINGTON, Thurs. Higher costs for food and a broad rang* of services pushed June consumer 3mV peV'centfSatSlK the previous month's boost In prices, the US government reported. The rise was a disappointment to government economists who had hoped some moderation In consumer prices would, follow
    AP  -  265 words
  • Article
    1.4 m jobless
    28 1 ROME, Thurs. Unemployment In Italy Is estimated at 1.43 minion In late April, down slightly from 1.46 million three months earlier, the Statistics institute said.
    28 words
  • Article
    Growth of Asian dollar market will slacken
    328 1 BANKERS here expect the Acton dottar markrt to riow down In growth this year. Last year, the market roee by $5 billion to touch 817.4 billion In December the highest annual growth In abeolute terms since the market's Inception In 1968. The general
    328 words
  • Article
    Lock icon Japan, EEC food talks break down
    305 1 AFP TOKYO, Thurs. Talks between Japan and the European Economic Community (EEC) on the import of foodstuffs have ended In failure, Informed Japanese sources said today. A European mission led Sf Mr. Pierre Mabe, of the eneral Directorate of Agriculture, during three days of
    AFP  -  305 words
  • Article
    Lock icon People still travel and spend despite economic slump
    367 1 UPI PARIS, Thurs. Despite inflation, unemployment and the sorry state of the world economy, people an still travelling and spending more during their travels. than in past years, an authoritative report said toan annual report on international tourism' published by the Organisation
    UPI  -  367 words
  • Article
    Lock icon Nissan hopes to set up plant in America
    200 1 UPI TOKYO, Thurs Nissan Motors Co., Japan's second largest car manufacturer has sounded out the possibility of establishing an assembly plant In the United Btates, company president Shun Ishihara announced today. Mr. Ishihara also said that Nissan, maker.of Datsun cars, will hire
    UPI  -  200 words
  • Article
    Singapore inflation rate among the lowest
    255 1 SINGAPORE'S inflation rate this ywr MjrreaallwtaNy behind theee la major induatrial utkm. tftattatfco fron Ch—ln I Bank show that the average inflation rate ia IS industrial nations la 8.7 per eaat la April thia year aa aa annual hasb. Ia compariaoa, Singapore'* inflation rata,
    255 words
  • Article
    M$ 230 PC BACKING
    36 1 KUALA LUMPUR, Thurs. The Malaysian dollar has more than 230 per cent asset backing although the minimum requirement Is 80.59 per cent, said the Deputy. Minister of Finance, Senator Rafldah Axis, today.
    36 words
  • Article
    Lock icon Fukuda: Trip is not just to hand out aid money
    376 1 AP TOKYO, Thurs. Japan's Prime Minister Takeo Fukuda pledged today to lend support to development projects In the five South-east Asian .countries he will visit from Aug 6 to Aug 18 but stressed he was not making the trip merely
    AP  -  376 words
  • Article
    BT index moves nearer to 400
    174 1 THOUGH the Stock Exchange of Singapore experienced a tareiy steady trend yesterdvy, volatile stocks put on enough gains to push the Buetaeu Times index nearer tar too mart Yesterday's rise of 1.38 points caused the index to close at 398.66, Just 1.34 points short
    174 words
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  • OVERSEAS
    • Article
      Lock icon Cocoa buffer prices to be worked out
      683 2 AP LONDON, Thurs. International cocoa talks, mainly aimed at working out new price levels for the buffer stock mechanism of the second world cocoa pact, opened in London yesterday. This second International Cocoa Agreement (ICCO) became operative last October. Like Its predecessor, running
      AP  -  683 words
    • Article
      Lock icon Coal fuel that burns cleanly
      135 2 AP ATLANTA, Thurs. Tests show a fuel refined from coal burns so cleanly that It surpasses current US government clean air requirements, Southern Co. president, Alvln Vogtle Jr., says. The first federally funded test burning of solvent refined coal at a plant in Georgia, was
      AP  -  135 words
    • Article
      Lock icon Nestle products withdrawn
      198 2 Reuter VEVEY (Switzerland), Thurs. The giant Swiss Nestle firm, makers of milk products and baby foods, has announced It Is withdrawing a number of products from the Australian market after being informed that some 20 babies were suffering from intestinal Infection in Victoria State. A statement issued
      Reuter  -  198 words
    • Article
      Lock icon SURPLUS FALLS
      41 2 Reuter PRETORIA, Thurs. South Africa had a trade surplus of 14.5 million rand in June against a surplus of 159 million In May and a deficit of 150 million In June last year, Customs and Excise figures show. Reuter.
      Reuter  -  41 words
    • Article
      Lock icon Bolivia: ITC deviating from original role
      214 2 AP BOLIVIA Thurs. Bolivia charted the laternational Tin Council (IT8) with he vine abandeiwd ttrtrsditkmai impartiality "since the entry of the United Stetee" to the council, end with having become political forum where the major tin consumers impose their will. The accusation was voiced
      AP  -  214 words
    • Article
      Lock icon Cruzeiro devalued
      52 2 AP RIO DE JANEIRO Thurs. Brazil yesterday devalued the cruselro for the eighth time In 1977, changing the rate from 14.28 to the US dollar to 14.40. The new seller's rate Is 14.56 to the dollar. The cruzeiro has been devalued a total of 18.45 per cent this
      AP  -  52 words
    • Article
      Lock icon No hitch likely in wheat plan for poor
      705 2 Reuter GENEVA, Thurs. World rood Council president, Arturo Tanco, said be expects speedy agreement on a wheat-stocking {dan to akl the poorest countries because of bumper harvests and chance In U8 poller initiated by President Carter's Administration. Mr. Tanco said agricultural officials
      Reuter  -  705 words
    • Article
      Lock icon Accord by US and S. Korea
      129 2 UPI SEOUL, Thurs. The United States and South Korea today signed here an agreement providing for the sale of 410,000 tonnes of wheat worth US$43.B million (*****.7 million). The United States will provide the wheat on credit with a 10-year grace period and a
      UPI  -  129 words
    • Article
      Lock icon Social and regional funds cut
      167 2 Reuter BRUSSELS, Thurs. The EEC Council of Ministers, reviewing the Commission's proposed 1978 budget; have reduced proposals for the regional and social funds, ETC officials said. The council cut the commitment appropriation of the EEC regional fund to 308 million units of account (881.1 billion)
      Reuter  -  167 words
    • Article
      Lock icon US may pull out of UN sea conference
      385 2 UPI UNITED NATIONS, Thurs. US Ambassador Elliot Richardson salfl yesterday the latest UN Law of the Sea Conference had completely failed" to reach an agreement acceptable to the United States on the critical issue of seabed mlnexpressed doubts that an agreement could
      UPI  -  385 words
    • Article
      Lock icon EEC plans small rise in tariffs
      157 2 Reuter BRUSSELS, Thurs. The EEC Commission proposed a rise of less than three per cent In the value of next Cir's Third World exports nefitting from the EEC's special scheme of generalised .tariff preferences. Figures released by the Commission raise the amount of products
      Reuter  -  157 words
    • Article
      Lock icon TEXTILE IMPORTS HIGHER IN MAY
      526 2 AFP WASHINGTON, Thurs. The Department of Commerce yesterday released data on Imports and export* of cotton, wool and manmade fibres textiles during May. Imports of these textiles In May amounted to 440 mlltion square yards equivalent (BYE), 15 per cent more than In the preceding
      AFP  -  526 words
    • Article
      Lock icon STRONGER WARNINGS ON SMOKING URGED
      174 2 AP WASHINGTON, Thurs. The US Federal Trade Commission said yesterday Ajnerlcan cigarette packages Should flatly warn that "smoking may kill you" rather than saying It is merely "dangerous to your health". It also recommended that the tar and nicotine content of cigarettes appear on all
      AP  -  174 words
    • Article
      Lock icon Labour's economic policies win vote of confidence
      378 2 Reuter LONDON, Thurs. The British government has won a vote on Its economic policies by 30 votes at the end of a debate on Its economic policies. The vote, which the government regarded as a question of confidence, was on a procedural motion
      Reuter  -  378 words
    • Article
      Lock icon Grunwick workers vote against joining union
      256 2 AP LONDON, Thurs Britain's longest labour union dispute, in which 11,000 pickets last week clashed with 4,000 police, took a new turn yesterday when 209 workers at the center of the row voted overwhelmingly against union membership. The dispute Is over a demand by
      AP  -  256 words
    • Article
      Lock icon New oil-find in Britain?
      106 2 AFP LONDON. Thurs Britain may be In for another "oilrush". according to Scottish stockbrokers. Wood Mackenzie. The firm said today the British Petroleum (BP) exploration rig, Sedco 703, tytd found a thick layer of oll<t>eart&g rock in the North Atlantic, west of the Shetlands. BP refused
      AFP  -  106 words
    • Article
      Lock icon Options backing
      58 2 Reuter LONDON, Thurs. The Stock Exchange Council said it decided to support plans to trade call options in a standardised form. The council has formed an options committe to ad- vise on regulation of this market and to supervise the project. The committee will also keep in touch
      Reuter  -  58 words
    • Article
      Lock icon Inflation to be at 4.5-6.5 pc
      309 3 Reuter WASHINGTON. Thurs. Congressional budget office director. Miss Alice Rlvlin, said she anticipates a U8 Inflation rate ranging between 4.5 and 6.5 per cent in 1978. Testifying before the Senate budget committee, Miss Rlvlin said her office anticipated consumer prices, which roee by 6.7
      Reuter  -  309 words
    • Article
      Lock icon Outstanding loans down by $462m
      102 3 Reuter WASHINGTON Thurs. US commercial and Industrial loans outstanding In the week ended July 13 totalled 8118.71 billion (***** billion), off 8462 million from the previous week but up 86.08 billion from the same week a year earlier, the Federal Reserve Board said. Loan sales
      Reuter  -  102 words
    • Article
      Black union 'illegal'
      102 3 JOHANNESBURG, Thurs. Smith and Nephew In South .Africa today appeared heading for a strike on the Issue of recognition for a black workers' trade union. This British pharmaceuticals firm was the first company to sign a wage deal with a bk»ck trade un- ion In South Africa.
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    • Article
      Lock icon OECD welcomes US deficit as stimulus to world recovery
      1110 3 Agencies PARIS, Thurs. The growing United States balance of payments deficit, which is depressing the dollar on currency markets/ was welcomed yesterday as a contribution to world recovery by the Organisation for Economic Cooperation and Development, which monitors the economic performance
      Agencies  -  1,110 words
    • Article
      Lock icon Why the US dollar falls
      91 3 Reuter NEW YORK. Thurs. The US dollar's recent fall is based on uncertainties about the costs of the Carter administration's economic policy and that efforts to control Inflation will be diluted, former US Treasury Under-Secretary, Mr. Edwin Yeo said. Mr. Yeo, now chairman of the
      Reuter  -  91 words
    • Article
      America puts oil storage plan in operation
      210 3 WASHINGTON, Than. The US Gs !■■■—> beglno pjnnptog the ftnrt oil far its in laaWm today. The oil stockpile, pleased to protoet the Unitoi BUtos asxs aitTS oil embargo of 1973, is to be opened feraially by Presidential Energy Adviser, Mr. Jiaw Schlesiager,
      210 words
    • Article
      Lock icon Mark rise squeezing exporters' margins
      389 3 Reuter FRANKFURT, Thurs. The mark's appreciation on foreign exchange markets Is squeezing the profitability of German exporters but Is unlikely significantly to dampen this year's growth in the country's export volume, according to business spokesmen and hanking economists. The German trade surplus so far this
      Reuter  -  389 words
    • Article
      Lock icon Insider deals
      72 3 Reuter ZURICH, Thurs. A spokesman for Credit Suisse said the bank has no knowledge whatsoever of Insider trading occurring before or during the period It supported its shares on the bourse. The support action, which followed disclosure of heavy losses at Its Chiasso branch, ended on April 25.
      Reuter  -  72 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      312 2 from Penguin i if: IN PENGUINS Yukio Mishima firmly upheld the traditions of Japan's imperial past, which he believed were being sjowly eroded by Western materialism, pisillusioned he astonished the worlcf in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now
      312 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      334 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on July 21 at Singapore airport. Maximum Temperature SO.B°C Associated Humidity Minimum Temperature 23.7* C Associated Humidity 100 Hours of Sunshine 8.15 R«liihH in Millimetres trace Total Rainfall for the Month 108.4 Total Rainy Days for the Month 10
      334 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      167 3 SEE PAGE 11 Ladies' Fashion Wear and Accessories Ladies' Underwear Men's Wear and Accessories Travel Goods Luggage Children's Wear and Accessories v The St. Michael Shop Gifts Books, Stationery Greeting Cards Music Centre Cosmetics, Perfumery Toiletries Chemist's Sundries Smokers' Requisites CLIFFORD CENTRE. RAFFLES PLACE. SINGAPORE V TEL ***** Shopping Hours
      167 words
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  • COMPANY NEWS
    • Article
      DIVIDENDS ANNOUNCED
      222 4 Cil b Date Tata! far TaUlfar >«y—I DMt payable tfeeyaar prrrlwyw Southern Kiata 58.61% June 16 July* 97.07* 115.38* Soatbera Malayaa 40*1 June 16 July 16 64.8*1 72.0* Pad Malay** 20* July 5 July 28 30* 20* PMcBuk 6.881 JunaM July 28 6.5* 0* Praaar ft Naeva 12*.
      222 words
    • Article
      I. Wood wipes out losses
      298 4 TRUE to Its own confident prediction, International Wood Products earned enough last year to wipe out its accumulated losses of $3.58 million. For the year ended Feb 28, 1977. net operating profits totalled $5.2 million against a loss of $1.72 million last time. The vastly
      298 words
    • Article
      K.L. Industries slides deeper into the red
      975 4 KUALA LUMPUR Industries slid deeper into the red in the current year ending Oct 31, 1977. At the half-way mark, the group incurred a pretax loss of M 5219,692 compared with a loss of $208,571 in the previous period. It incurred the heavier
      975 words
    • Article
      Lock icon SEC charges mutual funds head with fraud
      554 4 NYT Washington, Thurs. A former employee and the head of trading for the Investors Diversified Services Inc., the nation's largest mutual funds complex, were charged on Tuesday by the Securities and Exchange Commission with fraud Involving the use of Inside Information for their
      NYT  -  554 words
    • Article
      Lock icon Kao Soap bond
      37 4 Reuter TOKYO,Thurs Kao Soap plans to float a US$2O million 15-year Eurobond in the near future, Daiwa Securities said as lead manager of the underwriting syndicate. Issue terms are still being negotiated, Dalwa added.
      Reuter  -  37 words
    • Article, Illustration
      Outlook bright at Jack Chia-MPH
      333 4 THE latest results from Jack Chla-MPH are expected to be announced some time in the middle of next week. Judging from the creditable performance put up by the group during the first half of its financial year, JC-MPH seems set to turn In profit significantly
      333 words
    • COMPANY MEETINGS
    • Article
      Lock icon New accounting rules for oil and gas companies
      594 4 NYT NEW YORK, Thurs. Reported net income. for many independent oil and gas producers would be significantly reduced under new accounting rules proposed on Tuesday. The Independents, mostly small companies that are involved only in prodjirtlnn. have Dredtcted wfilf a switch to
      NYT  -  594 words
    • Article
      Lock icon Du Pont optimistic
      84 4 Reuter NEW YORK. Thurs. Du Pont said the outlook for the rest of 1977 appears favourable following lis report of second quarter earnings of US$3.2B per share which matched record quarterly profit of second quarter 1973. The company aald it Is particularly encouraged by the strength of
      Reuter  -  84 words
    • Article
      Lock icon British Sugar plans' right's issue
      168 4 Reuter LONDON. Thurs. British Sugar Corp said It plans one-for-two rights Issue at 375p per share to raise £18 minion. The company said It expects to recommend a final dividend of 20.93 gross, making a total of 28.79p for the current year ending Sept 25,
      Reuter  -  168 words
    • Article
      Lock icon New labour contract
      73 4 Reuter ENOLEWOOB CLIFFS, Thurs.-Members of the Oil, Chemical and Atomic Workers Union ratified a new, three-year labour contract with four corn wet milling plants of CPC International Inc. a company spokesman said. The pact covers some 2,500 hourly workers at Argo and Pekln, HI., north Kansas City,
      Reuter  -  73 words
    • Article
      Lock icon The pace is getting hotter
      786 4 US BREWERS NYT NEW YORK, Thurs The nation's brewers no doubt read with apprehension recent announcements of brewery expansion by the industry leader, AnheuserBusch Inc., and Philip Morris Inc.'* formidable Miller Brewing Co. subsidiary. Investors, for their part, wonder whether the currently fierce competition for
      NYT  -  786 words
    • Article
      Not subject to UK rules
      35 4 HONGKONO(SELANGOR) Rubber said that as the company is trading and operating exclusively overseas, the UK Treasury confirmed it will not be subject to the current UK regulations on dividend controls.
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    • Article
      CHICAGO BOARD OPTIONS
      1369 4 On July 21 TRADTNG in options on the Chicago Board Options Exchange ?ame tc 138,911 contracts on Wednesday compared with 134,053 contracts on Tuesday. OPTION OCT JAN APL STOCK Alcoa Alcoa Am Exp Am Exp Am Tel Am Tel Am Tel AUR AUR Avon Avon Bank Am
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      258 4 I y A v*- if ft v V f, L Isr. < $37/ /7s per copy THE HAMLYN PICTORIAL ATLAS OF THE WORLD i< i.it-r -i Hid ompi't'lini >i vp ',i iUlivpt" ,lpOuttl to vhi(!( 11\ i)» <).)• tpM y iriii u cjetiet ,tl re.icjer "it t. undprst inrl t
      258 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Kodak expects good product demand
      390 5 NORTH AMERICAN COMPANIES Reuter Reuter EASTMAN KODAK said the cost of major new product programmes and the effects of Inflation will continue, but demand for traditional goods and services should be good and Kodak Instant photography products and office copiers should find increasing acceptance. Second
      Reuter  -  390 words
    • Article
      Lock icon Time 25pc earnings rise
      190 5 Reuter TIME INC. said substantial gains by Its magazine, book and building materials divisions helped boost profit by 25 per cent for the second quarter. Time's profit for the quarter totalled U5525.14 million, or $1.24 a share, up from last year's $20.11 million, or $1 a
      Reuter  -  190 words
    • Article
      Philip Morris
      29 5 PHILIP MORRIS said Its record earnings and sales In the second quarter and first hall of 1977 reflect higher operating revenue and Income for all five ooeratlng
      29 words
    • Article
      Lock icon Pirelli assures steady payout
      487 5 Reuter MILAN, Thurs. Pirelli BPA will continue with a policy of dividend payment and should be able to guarantee an unchanged 80 lire payout next year, chairman Leopoldo Pirelli told shareholders. Repeating earlier assurances of future dividend payments Mr. Pirelli said the firm should be able
      Reuter  -  487 words
    • Article
      Lock icon Mitsubishi poised for new sales goal
      231 5 UPI TOKYO, Thurs. Mitsubishi Corp said it expects record consolidated sales topping 10 trillion yen for the current year ending March 31,1978 and to maintain net profit at 1976/77 level of 33.22 billion yen on sales of 9.99 trillion yen. The Japanese trading house
      UPI  -  231 words
    • Article
      Daiwa calls for voluntary retirement
      46 5 TOKYO, Thurs. D&iwa Spinning Co., one of the major cotton spinners baaed In Osaka, called on Its labour union for voluntary retirement of 250 employees because of poor business performance. Company officials said the reduction is necessary for a financial recon-
      46 words
    • Article
      Lock icon Kenwood optimistic
      143 5 Reuter TOKYO, Thurs. Trio Kenwood Corp said it is certain to have record consolidated income and revenue for the current fiscal year ending Nov 20, 1977 despite the strength of yen and severe export market conditions. The audio manufacturer, said it is difficult to give definite forecasts, but
      Reuter  -  143 words
    • Article
      Lock icon Japanese investors
      108 5 AFP TOKYO, Thurs. The number of individual stock- holders increased by 550,000 t for the fourth straight year in fiscal 1976 to a record 19.34 million, according to a I Tokyo Stock Exchange (TSE) survey. The annual survey, covering all 1,719 Japanese firms listed on the nation's eight
      AFP  -  108 words
    • Article
      Lock icon Sony
      63 5 Reuter TOKYO, Thurs. 80ny Corp said It has developed a new series of compact and economical colour video cassette recording and playback equipment for Industrial use, which will be marketed next year. The series, dubbed Betamax Model 300 series, Including a portable video cassette recorder Dlayer. is one of
      Reuter  -  63 words
    • Article
      Lock icon Steady rubber price aids Guthrie growth
      220 5 Reuter GUTHRIE CORP chairman Sir Eric GrlfflthJones said the good start to 1977 reported in the annual statement has continued throughout the first half. He told the annual meeting Guthrie's rubber plantations have benefitted from a steady rubber price. He expects agreement between exporting
      Reuter  -  220 words
    • Article
      Hyatt advances sharply
      144 5 HYATT CORPORATION announced net earnings (or the three months ended April 30, 1977 of U812.98 million or 37 cents a share (34 cents fully diluted), compared with $1.90 million or 24 cents a share (23 cents fully diluted) in the 1976 quarter. This substantial Increase In earnings
      144 words
    • Article
      Lock icon Anaconda to close Victoria mine
      230 5 Reuter A GLUT of copper on the world market persuaded the Anaconda Company, a major American copper producer, to close Its underground mining operation at Victoria, Nevada indefinitely from Sept 1, the company said. Chairman John Place said the decision was Influenced partly by current
      Reuter  -  230 words
    • Article
      Lock icon Goodrich raises quarterly dividend
      193 5 Reuter B.F. GOODRICH, the tyre and rubber maker, said Its board of directors voted to Increase the quarterly dividend by five US cents per share to 33 cents. The Increased dividend reflects the Improved earnings trend demonstrated by the company during the past three quarters, it
      Reuter  -  193 words
    • Article
      Lock icon Record profit at United Technologies
      163 5 Reuter UNITED TECHNOLOGIES CORP., a diversified manufacturer with interests In aircraft engines, turbines, and elevators, reported record earnings for the second quarter and the first half of 1977. It said It earned US$5O.OB million, or $1.47 a share, up 22 per cent from last year's
      Reuter  -  163 words
    • Article
      Lock icon NYSE options
      96 5 Reuter THE New York Stock Exchange. commenting on the Securities and Exchange Commission's planned review of options trading, said it expects to be able to meet the standards the SEC may determine, are needed. As previously reported, the SEC will undertake a comprehensive review of the quality of
      Reuter  -  96 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      792 5 4 REAL ESTATE OPPORTUNITY Gallon om^ ansfield Sendees. Four spacious luxury homes situated on op Road near the Botanic Gardens represent a unique and soon to be an unheard of real estate opportunity Land being at the premium it now is, these four homes are the last chance Singaporeans have
      792 words
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  • Article
    Share Information Service
    2333 6 1977 HiCk Law Comptiy Last Sale ■+«rGfs (UY Dfr e'rr Gr'» yu Nat P/K Vat CM*) Day Higk Law 8ECTION ONE INDUSTRIALS 154 204 96 215 101 198* 169 223 396 171 136 172 58 212 57 155 152 182 350 145 Acma Alcom Allied Choc Bata
    2,333 words
  • Article
    Transactions in Singapore
    1448 6 810 and offer prices officially Hated and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Bett." Big Board
    1,448 words
  • Article
    In Kuala Lumpur
    1477 6 bid ana offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified INDUSTRIALS Aim* (1.438). AH—H (1.938 2.048). AlMm (1MB). A.N.O. (0.688). A.M. (0.708
    1,477 words
  • Article
    Stock options
    45 6 STRIKING prices ot the stock options officially listed on the Stock Exchange of Singapore, the peri ode, bid and offer prices and buaineaa done yesterday, with the number of options traded shown in brackets. Inchcape (Sept $2.40) (0.355) Pan Electric (Sept $1.90) (0.245)
    45 words
  • Article
    Unit trusts
    143 6 SINGAPORE UNIT TRUST (Muim' prioM far July 22) The Commerce 1.72 1.82 The Saving Fund 0 90 1.04 S pore Prof Fund 0 86 0.01 8'pore Security Fund 1 u 1 ftn S pore Invest Fund 1.03 l.OOxd ASIAN UNIT TRUST iMuifn' prtew far July 22) Mai Invest
    143 words
  • Article
    CORPORATE BONDS
    144 6 B O T 8 1/2% IMI (100.000) (1038 103*8) B O T 7 5/8% 1984 (100,000) (MB 9S*S) Credit Lyonnai* Floating IMS (100.000) (MSB MS) DBS Coaverta 6 1/2% 1991 (100.000) (M*B MS) D B S 8 1/2% IM2 (100.000) (101 SB 102*8) EI 89% IM2 (100.000)(103*B 1048)
    144 words
  • Article
    GOVERNMENT BONDS
    121 6 Rep Spore D Mark 7% 1962 (100.000) (100 SB 101VS) Rep Spore S 1/2% 1983 (100.000) (M*B 98*8, Rep Spore 7 3/4% 1987 (100.000) (100 SB 101*8) 5 1/4% 15/7/78 (250.000) (101.508 101 60S) 4 3/4% 1/5/79 (250.000) (100.878 100 90S) (2) 100.87 5 1/4% 15/10/79 (250,000) (101.958
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      Page 6 Advertisements Column 1
      176 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 who
      176 words
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  • Article, Illustration
    MODERATE TRADING
    495 7 SHARE PRICES moved irregularly to barely steady close on the Stock Exchange of Singapore yesterday. Trading was modorsln The market ruled slightly steady on the morning session but turned lower under some selling pressure towards the final boll. Consequently, while moot shares finished marginally lower, the Business Times
    495 words
  • Article
    MIXED TREND ON KLSE
    518 7 PROFIT-TAKING and some liquidation by weak holders caused prices to fluctuate on the Kuala Lumpur Stock Exchange yesterday. After a morning of steady trading, gains were eroded in the afternoon as sentiment weakened slightly, and the market turned mixed. The easier trend in the afternoon was
    518 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      355 7 HONOKONO: The market drifted lower in fairly quiet trading on profit taking and lack of support, after a reasonably firm opening, dealers said on Thursday. JaHtos Msthssm fell 30 cents to 814.20, Hongkong Baak 20 cents to 817.70, Hvtcktoea and Swirs Pacific 18 cents sach to $3.20 and $8.48,
      355 words
    • Article
      Tokyo
      527 7 TOKYO: Share prices edged up In moderate trading on sustained selective demand for low-priced Issues and petroleums, dealers said on Thursday. The Dow Jones Average rose 7.13 to close at 4,970.58 with volume 220 million shares. The New Index was 374.00 up 0.45. Petroleums Including Nippon Oil eontlnued In
      527 words
    • Article
      Sydney
      441 7 BYDNEY: The market was little changed, with Interest centring on coal, uranium and banking stocks, dealers said on ThursSydney All-Ordlnartes Index rose 1.51 to close at 452.17. Among coals, Austen and Butts rose 10 cents to $2.60, while AAR was steady at 68 cents. Uraniums were mixed with Pancontinental
      441 words
    • Article
      Manila
      162 7 MANILA: The market closed generally lower, though oils advanced slightly, dealers said on Thursday. Turnover declined to 2.92 million pesos from Tuesday's 3.73 million. Atlas rose two points but Lcpsato lost two and other Issues were unchanged among minings, with lower metal prices abroad depressing sentiment among oils. Phil
      162 words
    • Article
      Bangkok
      96 7 JULY >1 Bahti 1 Asia Fibre BcngkokBank Bangkok Invest. Bangkok-Metro-politan Bank Bata BerllJucker Charoong Thai Wire Dumex DualtThanl Faber Merlin FimTrust Indo-Thal Industrial Finance Oorp J And J Ho Jaiaprathan Cement Karnasuta LeeKwangMln Metal Box Rama Tower* Safety Insurance Saha Union Serai Suk Slam Cement Stam City Cement Slam
      96 words
    • Article
      Amsterdam
      310 7 AMSTERDAM: The market firmed In quiet condlUons and Royal Dutch led Dutch internationals 1.10 guilders firmer, bourse sources said on Wednesday. KLM rose 5.60 In line with a favourable US press report on Psnam, bourse sources said. Shippings were generally lower. Banks were very steady. Trading, Industrial and Insurance
      310 words
    • Article
      Brussels
      170 7 BRUSSELS; The market was mixed In quiet account day trading, dealers said on Wednesday The market will be closed on Thursday and Friday for a national holiday. Local Issues to rise Included Elactrobol, Traction, Vioillo Moatagne, Cockorlll, Tabacoflna and Haiaaut-Saate*. Clabecq. Wafoau-Lita, Ti—pdmioo and UCB fell. UK Issues eased,
      170 words
    • Article
      Frankfurt
      263 7 FRANKFURT, Shares closed mostly Uttle changed on small turnover, bourse sources said on Wednesday. In autos VW rose 0.50 marks but other shares were little changed from Tuesday. On the bond market public authority bonds rose 0.40 marks with the regulating authorities selling six million marks nominal of paper
      263 words
    • Article
      Milan
      163 7 MILAN: Btocks firmed over a broad front In slightly more active trading at the start of the new account, bourse sources said on Wednesday Most leading industrials showed substantial gains but ex-dlvldend Pirelli E C was lower. Earlier the chairman said the dividend should be maintained next year SnU
      163 words
    • Article
      Paris
      325 7 PARIS: The market was mixed In fairly active trading, with some end-of-account selling balanced by firmness of the franc, dealers said on Wednesda&anks and constructions eased, while motors and foods were firm. Most other sectors were Irregular. Golds were mixed, US stocks firm and Oermans slightly easier. JULY Fra
      325 words
    • Article
      Zurich
      268 7 ZURICH. The bourse was narrowly Irregular In quiet turnover. Swissair was In demand, while banks were only barely stesdy. Bally bearer and registered showed considerable losses Insurances were steady, while among otherwise hardly changed Industrials Nestle bearer, Sandos and Alusuisse rose. Dollar stocks firmed In line with Wall Street,
      268 words
    • Article
      Jo'burg
      374 7 JOHANNESBURG: Gold shares were generally easier In Une with the lower bullion price although renewed U8 and London interest was noted towards the clow, dealers said on Wednesday. Mining flnanclals were marginally firmer with Union Cory up 20 cents at 415 on London buying. Coppers and platinums were mostly
      374 words
    • Article
      Toronto
      327 7 TORONTO: The oil and gas subIndex, the third most heavily weighted of the 14 Indices, pulled the market lower at the close of active trading on Wednesday. The composite Index was off more than a point and declines outpaced advances 255 to 183. Pipelines, real estate and management companies
      327 words
    • Article
      New York
      1137 7 NEW YORK: The stock market, recovering from some profittaking half way through the session, finished with a modest gain In continued heavy trading on Wednesday. Analysts said the market Is from corporate reports of strong second quarter earnings They also cited as positive a government report or a
      1,137 words
    • Article
      Indices
      57 7 FINANCIAL TIMES INDUSTRIALS Wednesday 439.1 Tuesday 448.3 Week Ago 448.9 DOW JONES AVERAGE INDUSTRIALS Wednesday 920.48 Tuesday 919.27 Week Ago 902.99 LONDON DOLLAR PREMIUM Wednesday 112* to 113 Tuesday 112* to 113 H.K. HANG SENG Week Ago 435.74 SYDNEY INDUSTRIALS Wednesday 371.87 Tuesday 373.18 Week Ago 375.03 ALL ORDINARIES
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      373 7 Aereflet Soriot Airline* !rS *77jm) c Mn TcHmr fa Air Ceylon 302-9, M Floor. Mori no Houm Shonton Woy, Singapore (1) (Tel: *****98) Ground Floor, ICB 9uiid»ng, Shonton Woy Ungnpsn 1 (T«A: *****11) Air Into 14th Floor, UIC (Tol: 2209.277) Shonton Woy. Hwgepoi, 1 Air How lidw< LM Alitolie Iteiy's
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      481 8 THE Singapore rubber market yesterday was fractionally higher at the outset but later slackened on lack of follow-through, dealers said. Towards the morning close, however, prices recovered slightly on shortcovering and some nonmember buying, they added. Turnover was fair. The morning session ended quiet with
      481 words
    • Article
      R.A.S. PRICES
      326 8 Price* in cents per kilo yesterday Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt! o.b. 193.50 194.50N 193.00 194.00N Int. 1 R.S.S August 195.25 195.50 194.50 195.00 Int. 1 R.S.S. September 198.50 196.75 195.75 196.25 Int. 2 R.S.S 192.75 193.75N 192.25 193
      326 words
    • Article
      SSR AND SMR
      96 8 Aufuit Si Trtember ■ward Mth) R.A.S. (Current Mtfc) (Foi Buyer* (centi Sellen Buyer* Seller* irwkc) (c« •U per kg) SSR20 (1 ton Pallet) 193.00 194.00N 194.00 195.00N SSRSO (1 ton Pallet) 100 00 191. OON 191.00 192.OON M.R.E.L.B. SMR 5CV (1 Ton Pallet) 215.50 217.50N 215.50 217.SON
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    • Article
      Closing prices
      30 8 Rubber: July 21 Singapore: August 194.50 eta (down 1.00 ct.) Malaysia: August 195.25 cts (down 1.00 ct) Tin: $1,553 (down |7) Official offering: 195 tonnes (down 10 tonnes)
      30 words
    • Article
      Produce exchange
      478 8 JUDGING from the definitely easier trend in the coffee bean market, It appears that the recent hike in the price of a cup of coffee may not be here to stay. According to brokers, coffee bean prices took on an easier note yesterday as a result of bearish
      478 words
    • Article
      Cocoa
      262 8 LONDON, Thurs. Terminal cocoa finished the first call £25.50 per tonne up from last night (near September at £2,972.50) to £18.50 lower, after initially trading £7.50 down In spot July at £3,100. Market sources said the irregular pattern helped to correct exaggerated overnight differentials. On Wednesday, cocoa futures eased
      262 words
    • Article
      Hongkong comex
      296 8 HONGKONG, Thurs. The cotton futures market closed slightly higher with gains ranging from 0.50 to 0.75 US cents, following the overnight rally In New York, dealers said. December and March were the only two months traded, on commission house short covering and some short selling, they added. Total
      296 words
    • Article
      Palm oil
      64 8 C.I.F. Rotterdam. US dollars per ton. LONDON: Wednesday Pmr. Malaysia 5% ffa bulk Sumatra 5* July Aug Sept Oct. Jan Nigerian 5% (fa bulk unq unq unch 510 pd unch SIS sir 517 50 qtd 515/520 pds 505 qtd/495 pd 505 qtd 500/505 pds 500qtd/490pd unch 470/465 pd
      64 words
    • Article
      Straits tin market
      227 8 THE Straits tin price in Penang yesterday was down $7 to $1,553 on an official offering down 10 tonnes to 195 tonnes. The market continued its downtrend on continued poor consumers' demand but remained higher than London, dealers said. In LONDON yesterday, tin closed with losses of
      227 words
    • Article
      Sugar
      186 8 LONDON, Thurs. Terminal opened £1.45 to £0.75 per tonne above yesterdav's afternoon closing levels. Sales totalled 422 lots. Market sources said all the gains were recorded during last night's kerb when prices moved higher. The market held steady in quiet dealings to finish £2.00 to £1.15 higher in sales
      186 words
    • Article
      Coffee
      293 8 LONDON, Thurs. Futures in the morning moved sharply lower initially but found good active scale down buying interest which was partly linked to profit-taking. At end-call the tone was 'easier' with losses against last night ranging from 1177 to £100 per tonne. 848 lots were traded. Much of the
      293 words
    • Article
      Rice
      203 8 BANGKOK, Thurs. Indicative prices quoted here were: White Rice: 100 per cent lit clan 302 100 per cent 2nd 287 100 per cent 9rd 283 5 per cent 274 10 per cent 290 15 per cent 247 20 per cent 244 23 per cent 23S 39 per cent unq
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    • Article
      Soybeans
      179 8 CHICAGO, Thurs. Soybean futures fell In early dealings yesterday, with old crop months showing the greatest weakness. There were 405,000 bushels of soybeans delivered In the morning. Soybean product futures finished the session with losses of 18 to 13V4 cents a bushel after the July went off the board
      179 words
    • Article
      Wheat
      59 8 CHICAGO, Thurs. Wheat futures were down 14 to 1* cents a bushel around mldsesslon yesterday, ranging In the middle of a narrow trading range. There were 210,000 bushels of wheat delivered In the morning. Wheat futures ended the session 3Vfr to IV4 cents a bushel lower. The July contract
      59 words
    • Article
      Copper
      289 8 LONDON, Thurs. Copper wlrebars In the morning eased by mostly £7.00. Dealers said sentiment was dampened by the overnight New York market and the Kennecott price cut to 65 cents from 68 cents per lb. Also influential, they added, was the rise In refined copper stocks outside the US
      289 words
    • Article
      Silver
      222 8 LONDON, Thurs. Silver yesterday closed the afternoon with gains of 0.4 to 0.1 pence per troy ounce. The market lacked fresh trading incentives with values softening under light liquidation prompted by the movement at New York. Ring sales were only 27 lots. In NEW YORK on Wednesday, comex silver
      222 words
    • Article
      Gold
      344 8 GOLD opened lower In the Singapore market yesterday. The kllobar opened at 5511.494 and eased to a low of 5511,480 before recovering to close at 5511,489. Trading was moderately hectic with a firm undertone. In the loco London market, the metal was traded In a narrow range, having touched
      344 words
    • Article
      Zinc
      84 8 LONDON, Thurs. Zinc in the morning fell by mostly £8.25. The metal followed the general trend with hedge selling and stoploss operations taking Three Months down from £329 In the pre-market to £323 In the ring. Sales were fairly routine at 2,550 tonnes. On Wednesday afternoon, zinc finished with
      84 words
    • Article
      Lead
      99 8 LONDON, Thurs. Lead In the morning finished with losses of £6.00 for cash and £6.50 for Three Months. Three Months traded from £338 per tonne on the pre-market down to £334 In the ring after fairly active trading of 6,500 tonnes, which was boosted by carries. On Wednesday afternoon,
      99 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        599 8 OVERNIGHT rates In the Singapore money market shot up by about 2% points following a "sudden" tightness towards the lunch hour yesterday. Opening at per cent to 3*i per cent In the morning, the overnight funds were generally traded around that level before the Sresence of keen bids durlg
        599 words
      • Article
        Minimum lending rates
        33 8 acbc First Chicago Citibank 7 HSBC (V. 7 6 l Bank of Tokyo Mitsui Bank «>. Bank Nefara 1 ndonrna OCBC 7 OUB m IICB 7 UMBC 7 DBS •'I UOB
        33 words
      • Article
        Asian $ rates
        164 8 Asian rates ASIAN currency deposit Interbank rates as at close qp July 21 U8 Dollars (Spot) Offer Bid 7 days 5H 5H 1 mth 5S 5V, 2 mths 5V. 5S 3 mths 5% 5%. 6 mths 83/16 61/16 9 mths 8 5/18 6 3/16 12 mths 87/16 6 5/16 Fr»
        164 words
      • Article
        Discount
        47 8 RANGE of price* offered by discount houses on July 21 Overnight 2 to 3* Call deposit 3% Buy 8eUl>( 3-Month Treasury bills 3-Month Bank bills 3-Month CD 6-Month CD 3 4 1/8 4 7/16 4 5/8 27/» 4 4 5/16 41/3 Source: National Discount Co. Ltd.
        47 words
      • Article
        Euro $ rates
        120 8 Euro rates LONDON, Thurs. Trading In Eurodollar deposits was quiet at the outset, dealers said. Near period rates were adjusted higher by up to 5/1(5 because of the loss of the Friday dealing technicality. Moderate rollover and light Par Eastern business was reported. Short dates were basically unchanged at closing
        120 words
      • Article
        New York
        178 8 NEW YORK. Thurs. The dollar closed slightly firmer yesterday after rising from depressed opening levels In trading that was active in the morning and very thin in the afternoon, dealers ,i Despite the dollar s overall recovery, the mark remained stronger and was pressed close to its ceiling
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      • Article
        London
        230 8 LONDON, Thurs. The dollar opened in thin nervous trading here, ranging between 2.2590 and 2.2610 marks, slightly below the overnight level, dealers said. Sterling traded quietly around $1.7199/7201 against 1.7204/06 overnight. Forward discounts against the dollar narrowed. The yen, at around 264.30/40 to the dollar, was little changed on
        230 words
      • Article
        Hongkong
        127 8 HONGKONG, Thurs. The US dollar eased slightly In quiet trading until the late entry of European banks buying marks lowered the US unit to 2.2590/95 marks compared with Its overnight New York midpoint close on 2.2639 and Its opening of 2.2610/20, dealers said. The US unit eased to 264.10/20
        127 words
      • Article
        Zurich
        49 8 ZURICH exchanges closing quotes on July 20. U8 2 3964-3972 UK 4 1225-1230 Can 2 2595-2810 W Germ 106.03-09 Neth 99 32-42 France 49 76-79 Bel| 6 80«.-81*. Denm 40 59-63 Norw 46.15-18 Swed 55.51-55 Italy 0.2718-2720 Austria 14.94-96 Port 6.24-26 Spain 2.78K-78* Arc 0.55-65 Japan 0 90^-91
        49 words
      • Article
        Australia/NZ
        51 8 AUBTRALIA/NZ exchanges on July 21. Australia: Sterling .6568/ 6498 US dolter 1.1264/ 1.1216 Ninety-day air mall buying rates: Sterling 6753 US dollars 1 1522 Ninety-day forward buying rates: (Merlins 8872 US dollars 1.1150 New Zealand: Sterling .5664/ .5633 U8 dollars .9791/ .9691 Ninety-day forward rate: Sterling 5877 U8 dollar
        51 words
      • Article
        Frankfurt
        39 8 FRANKFURT opening exchanges on July 21 U8 2.2596/06 Can 2.1386/85 UK 3 885/90 Neth 93 56/88 BwlU 94 13/23 Italy 2.566/562 France 46 90/47 00 Norw 43.42/50 Belg coin 6 428/38 Belg fin 6 39/40 Japan 0 8547/57
        39 words
      • Article
        Tokyo
        119 8 TOKYO, Thurs. The US dollar for overnight delivery closed at 264.30 yen, down from a 264.70 opening and 264.75 at yesterday's close. After an initial fall following the strengthening of the mark in overseas centres, the US unit recovered to 264.80 at one point. However, the dollar's higher level
        119 words
      • Article
        Eurobonds
        309 8 LONDON, Thurs. Eurobonds were steady to firmer in increased activity, dealers said. Convertibles were again quiet and basically unchanged. LONDON Eurobond prices on July 21 Straight! Bid Offer Austria 8% 90 MH 102 Bell Canada 8'- 86 104'. 105% BFCE 8*4 83 101% 102% Brazil 9MM 98*. 99% Can
        309 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      119 8 Don't let the language barrier stop you from wider contacts SSKoa r YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere and any time that suits you. Possess ing a second or third language is not only a social asset but also a great
      119 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Censa worried about cargo preference plans by US
      337 9 Reuter LONDON, Thurs. Concern was expressed at unilateral cargo protection measures contemplated In the US when the 12-natlon Council of European and Japanese National Shipowners' Associations (Censa) met here yesterday. The council said its concern follows President Carter's support for measures requiring
      Reuter  -  337 words
    • Article
      Lock icon Placid appeal to TV execs
      261 9 AP LAKE PLACID. (New York), Thurs The Lake Placid Olympic Organising Committee (LPOOC) has asked television executives in Western Europe to meet with them In New York next Tuesday in an attempt to resolve the thorny question of how much the television rights will cost.
      AP  -  261 words
    • Article
      Lock icon Exciting year ahead if US brings out the new models
      720 9 NYT DETROIT, Thurs. An extraordinary year for American cars Is about to begin. What the car makers normally advertise as new models are actually old ones In new dress. The birth of even one truly new car, new from the
      NYT  -  720 words
    • Article
      Thai trips to Seoul
      63 9 THAI International is to resume flights to South Korea In November, pending government approval. Thai previously operated flights Into Seoul between 1968 and 1972, but suspended these operations due to unfavourable yields. Twice weekly flights to Seoul will be served by the DC-8-63 aircraft which has
      63 words
    • Article
      Lock icon Registrations in Rome
      61 9 Reuter ROME, Thurs. Registrations of new vehicles In the first half of 1977 rose 10.7 per cent from the first half of 1976 to 785,256, the Automobile Club of Italy said. Car registrations rose 6.5 per cent to 649,851, while Industrial vehicles were up 47.5 per cent
      Reuter  -  61 words
    • Article
      Lock icon LONDON FREIGHT MARKET
      169 9 UPI LONDON, Thurs. Despite slow conditions, rates showed little change. The Far East tone for bulkers held steady with USBO cents per dwt repeated for the 63,973 dwt "Ruth" to make a timecharter trip to the UK or Continent after end-July delivery. Chinese charterers took further wheat
      UPI  -  169 words
    • Article
      BAR bid to save 'gentlemen's agreement'
      404 9  -  By TERESA LIM A LAST ditch effort to save the "gentlemen's agreement" bdntreen 14 International airlines has been made. The Board of Airline Representatives (BAR) will meet soon to discuss some of the problems of the agreement. The airlines which agreed In May to
      404 words
    • Article, Illustration
      IN PORT
      398 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Clara Maersk (0600 after Denpasar n) 1/2 < Hongkong Mall (1100 hauls 29 m West after Bencruachan) 3/36 Ivan Kotlyarevskly (2300 after Bencruachan) 33/34 Kota Ball (1400) 45 Kota Gajah (0700 after Hiroshima Maru) 12 Kota Slngapura (after Centaur) 42/43 Mock Ya (JMPO)
      398 words
    • Article
      Lock icon US space shuttle gets 8,000 applicants
      184 9 AP WASHINGTON, Thurs. More than 8,000 would-be astronauts have applied for berths on the crew of the space shuttle which Is scheduled to begin orbiting the earth In the early 1980s. Many last-minute entries still are being reviewed even though the deadline for applications
      AP  -  184 words
    • Article
      MacGregor contract
      79 9 MacOREOOR South East Asia recently won a contract to fabricate, In Singapore, hatch covers for two specially designed cargo vessels. The two vessels are to be built by Sing Koon Seng for 81monsen and Slang of Oslo. To maximise utilisation of all available space on board, the owners
      79 words
    • Article
      Anzesc hike won't affect Straits Australia conference
      264 9 THE Australian and New Zealand Eastern Shipping Conference (Anzesc) will Increase cargo rates by 12 per cent from Oct 1 but local shipping observers say that this will not influence the rates of the Straits/ Australia conference. The Straits/ Australia conference Includes Singapore
      264 words
    • Article
      Project over
      25 9 HONGKONG, Thurs. China has successfully conducted a new project of oceanologlcal research In the Pacific, the New China News reported yesterday —k euter
      25 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      601 9 ARRIVALS 3m rk» Operate r Number ftmm KAL CAL OA f MAS PAA OIA SIA OIA OIA. PAL RBA SIA KLM KK807 CE3SI OA472 MH082 PA847 OA 980 SQ211 OA944 GA908 PRS01 BI325 SQ240 KL833 0015 0040 0430 0610 0810 1030 1045 1065 1100 1115 1155 1210
      601 words
    • Article
      Lock icon Steam-fired car funds
      160 9 AFP CANBERRA, Tjiurs. Urgently needed funds have kept alive hopes for the development of a steamfired motor car In Australia. The federal and Victorian state governments have agreed to provide A 5150,000 (3*416,000) to see if the car can be turned Into a commercial success. The car
      AFP  -  160 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      369 9 k z THE GREAT BOOKS OF WESTERN CMLIZAnON These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts' and theories that have built democracies, withered tyrants, opened new worlds, riddled superstition with
      369 words
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  • Article, Illustration
    Lock icon Second Great Leap: Will it also end in a crash?
    793 10  -  CHINA'S MODERNISATION PROGRAMME By DENNIS BLOODWORTH OFNS HONGKONG: The current call from China's leaders for a long burst of productive energy that will carry the backward People's Republic into the economic stratosphere by the end of the century has earned
    OFNS  -  793 words
  • Article, Illustration
    Lock icon The ominous lessons of the NY blackout
    953 10  -  By JOHN NOBLE WILFORD NYT NEW YORK: When the lights go out, as they did In New York last week, people suddenly realise how dependent they are on electricity for the amenities and necessities of modern life. And they must wonder if the
    NYT  -  953 words
  • Article, Illustration
    Lock icon Teng's remarkable entrances
    792 10  -  By FOX BUTTERFIELD NYT HONGKONG: The apparent restoration of Teng Hsiao-ping to all his positions In the Chinese Commilnist Party, Government and army at last brings full cycle one of the most extraordinary sagas in China's modern history. Only in television soap opera, it might seem, could
    NYT  -  792 words
  • Article, Illustration
    Lock icon Soares still holding the reins in Lisbon
    1128 10  -  By DAVID CEMLYN-JONES Reuter LISBON: When Dr Mario Boares formed his minority socialist government In July, 197®, many people predicted It would not last until the end of the year. Twelve months later, Dr Soares is still In power at the head of
    Reuter  -  1,128 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      63 10 NOW ON SALE at your regular bookshop. The phenomenal bestseller which has taken America by storm the story of a black American's search for his roots in Africa. ROOTS has sold over 1 1 4 million hardback copies since its publication and it is continuing to top the bestseller lists
      63 words
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  • Article
    Lock icon Japanese refiners refuse one more
    289 11 Reuter TOKYO, Thurs. A second ship carrying Australian sugar berthed at Yokohama near here on Wednesday with little Immediate prospect of Its cargo being unloaded due to a contractual dispute between Australian growers and •Japanese refiners. The refiners last week refused to take delivery of
    Reuter  -  289 words
  • Article
    Lock icon Yarn makers to extend cutback
    218 11 AFP TOKYO, Thurs. Japan's 41 worsted yarn makers will extend their Joint production cutbacks for three more months starting tomorrow under a cartel agreement approved today by the Fair Trade Commission. The anti-recession cartel, following a similar threemonth cartel ending today, calls for shutting down
    AFP  -  218 words
  • Article
    Lock icon Friendship pact in swing soon
    206 11 AFP CANBERRA, Thurs. The basic treaty of friendship i and cooperation between Australia and Japan will come Into operation on Aug 20. Instruments of ratlfl- cation of the treaty were ex- changed today by the Ambassador of Japan, Mr. Yoshlo Okawara, and the Minister for
    AFP  -  206 words
  • Article
    Keppel is leading team in NMG
    149 11 A TEAM from Keppel Shipyard, known as Marathon Mess, came out tops In the preliminary results of this year's National Management Game. Marathon chalked up the highest profit of $1.8 million fro Period Two of the first round. Wlngmac. a team tfom Wing Leong
    149 words
  • Article
    Nominees deny delay in crediting clients' accounts
    439 11 NOMINEE comptiiii, moot of which an bank subsidiaries, say it tahae just over a week Air them to credit the account of clients for whoa they an acting, with the dividend paid on their shareholdings. They state this to refute allegations by some
    439 words
  • Article
    Lock icon JAPAN'S EXPORTS, IMPORTS HIT ALL TIME HIGH
    235 11 AFP Reuter TOKYO, Thurs. Japan's trade surplus In fiscal 1977 will approach the previous year's record high of US$11,000 million according to a revised official projection. The projection, worked out by the Ministry of International TrAde and Industry (MITI) for the financial year
    AFP; Reuter  -  235 words
  • Article
    Lock icon 'Liberal landing rights will boost tourism'
    603 11 AP AFP MANILA, Thurs. The Philippines' ailing tourism Industry is lining up against Philippine Airlines for a more liberal landing-rights policy at the country's International airports to funnel In more foreign tourists. At a four-hour hearing yesterday, PAL spokesmen told President Ferdinand Marcos that
    AP; AFP  -  603 words
  • Article
    Lock icon Slower rise for Aussie prices
    276 11 Reuter PARIS, Thurs. Australian consumer prices, measured by the national accounts Implicit consumption deflator, are likely to rise 11 per cent this year, against a 13.4 per cent gain In 1976, Organisation for Economic Cooperation and Development (OECD) figures show. The forecast appears in the
    Reuter  -  276 words
  • Article
    Lock icon Migrants send home millions annually
    263 11 AFP MELBOURNE, Thurs. Migrant workers in Australia are sending mllMons of dollars a year back to their parent countries. Most of the money is returned by short term or guest workers who intend to return to their home countries. Latest figures released by the Organisation
    AFP  -  263 words
  • Article
    Firms file petitions
    160 11 THE PROCESS of winding up the affairs of the Mosbert group continues In the High Court here In one of two recent winding up Gitltlons. The petitioner is osbert Acceptance Ltd. which is Itself under liquidation. The other company, Camy Offset Prtfltlng Company Pte Ltd, was ordered
    160 words
  • Article
    Good support for new Robinson's
    115 11 THE NEW Robinson's at Clifford Centre, barely a week old, is getting a good support from the public, Judging from the lunchtlme crowd. Peak hours during the East four days have been etween noon and 2pm and to a lesser extent from 4pm to 6pm.
    115 words
  • Article
    Review of Asean
    101 11 THE United Nations Association of Singapore will hold a one-day colloquium In Chinese on "A Review of Aaean Before Its Summit Conference" in the Sin Chew Jit Poh Promotion Centre on Aug. 2 at 7.30 pm. The panel of speakers includes Messra. Tan Teck Hock, managing editor
    101 words
  • Article
    Lock icon New rice disease discovered in Manila
    108 11 Reuter WASHINGTON, Thar*. The Philippines Bureau of Plant Industry has discovered a new rice disease that has affected about 1,000 hectares in Mindanao and Luton, a US agriculture department field dispatch from Manila reports. The disease is transmitted by the brown planthopper and bean
    Reuter  -  108 words
  • Article
    Lock icon Merchant bank
    53 11 AFT HONOKONO, Thurs. A new regional merchant bank, Amex Bancom, opened here today. It Joins a worldwide network of some 75 commercial and merchant banking affiliates of American Express International Banking Corporation (AEIBC) together with the Asian merchant banking network established by the Bancom group whose headquarters are
    AFT  -  53 words
  • Article
    How Malaysia's FIC works
    311 11 KUALA LUMPUR, Thurs. The performance, functions and composition of the Foreign Investment Committee (FIC) were explained In Parliament yesterday by the Minister without Portfolio In the Prime Minister's Department, Tan Sri Chong Hon Nyan. He said since its Inception in February 1974, the FIC had received
    311 words
  • Article
    Enough petroprojects for both Pahang, Trengganu
    337 11 KUALA LUMPUR, Thurs. There will be enough petroleum-based Industries to be shared between Trengganu and Pahang where petroleum has been discovered In their offshore areas and there should not be any antagonism between them to secure those industries. This is the view of an
    337 words
  • Article
    Lock icon Increase in sales slows
    98 11 AFP TOKYO, Thurs. Japanese department store sales, a major Indicator of consumer spending, rose last month at the slowest annual rate In 21 months despite the summer gift season, It was reported today. The Japanese Department Stores Association said Its 123 member firms with 231 stores
    AFP  -  98 words
  • Article
    Lock icon More tin mined
    48 11 Reuter KUALA LUMPUR, Thurs. Peninsular Malaysian production of tin concentrates rose to 5,066 tonnes of metal in May from 4,196 tonnes in April, the Statistics Department said. Tin concentrate shipments from mines to smelters fell to 4,627 tonnes of tin metal from 6,207 tonnes. Reuter
    Reuter  -  48 words
  • Article
    Lock icon CALL FOR REVIEW OF WHEAT BAN
    130 11 AFP CANBERRA, Thurs. The Australian Wheat Board has appealed to unions to review their bans on wheat shipments to Chile. A board member, Mr. Bill Graham, told the annual Conference of the United Farmers and Woolgrowers Association, that ne and fellow grower, Mr. Don
    AFP  -  130 words
  • Article
    Lock icon Tobacco plea
    70 11 AFP JAKARTA, Thurs. The Indonesian Tobacco Association yesterday complained that foreign capital was dominating the Indonesian tobacco export market and asked for government credits for moribund non-Chinese, Indonesian tobacco processing firms. The association said that nine processing and exEortlng firms were owned y Chinese-Indonesians and financed by Spanish
    AFP  -  70 words
  • Article, Illustration
    Lock icon India seeks Japanese expertise in industry
    545 11 UPI NEW DELHI, Thurs. India Is seeking Japan's exKrtlse in setting up heavy 1 us trial plants in its own country and in other parts of the world. The request was made to the visiting Japanese Foreign Minister, Ilchlro Hatoyama, when he met with
    UPI  -  545 words
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      324 11 NOTICE TMHIIC OPfOITMITIES 111 WICEKIA Managing Director of a leading trading company which specialises in the export trade to Nigeria expects to visit Nigeria agairv during November/ December 1977. This company has handled no less than 15 products of Singapore origin to Nigeria during 1975/ 77 and trade by offering
      324 words
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  • Article
    Cheapest life assurance from INCOME
    376 12 THE National Trades Union Congress' Insurance 1 cooperative, INCOME, will soon be coming out with a 1 whole life plan which will be the cheapest available In 1 the market. 1 Industry sources say that I the cooperative only recently approved a proposal to reduce
    376 words
  • Article
    Consplant activity comes under scrutiny in London
    272 12 THE London Stock Exchange has set up a committee to Investigate what it considers to be unusual price activity in Consolidated Plantations warrants. The company is among a list of at least eight which will come under scrutiny. The other companies in question
    272 words
  • Article
    Lock icon Plan for $10m steel mill
    93 12 AFP KOTA KINABALU (Sabah), Thurs. A Japanese steel corporation has plans to set up a MS 10 million steel mill In the state as a Joint venture with local capital. This was disclosed here today by Mr. Takatoshl Biwa. senior managing director of Kawuasho Steel
    AFP  -  93 words
  • Article
    Top civil servants in for a windfall
    264 12 SINGAPORE'S top civil servants are In for a windfall following the government's move to Increase the salaries of superscale officers in the civil service, the Singapore Armed Forces and stautory boards per cent. Among the most prominent beneficiaries are Mr. Howe Yoon Chong,
    264 words
  • Article
    Lock icon British textile fears
    177 12 UPI LONDON, Thurs. Britain's entire economy would be gravely damaged If the textile and clothing Industry was allowed to sink under the rising tide of imports, B. Smith, president of the British Textile Confederation, warned today. More than £7 billion (SS3O billion) would be added to the
    UPI  -  177 words
  • Article
    Lock icon China smiles on all but one US bank
    180 12 AFP HONGKONG, Thurs. The Bank of China has relaxed Its regulations In dealing with American banks, the English language dally "Hongkong Standard" reported. It quoted an official of the bank here as saying that International orders and travellers' cheques Issued by all
    AFP  -  180 words
  • Article
    LONDON STOCKS
    653 12 LONDON, Thurs. Government bonds closed with net gains ranging to point. The ad ranee was attributed to an absence of selling and small buying Interest. Equities ended slightly easier on the day. Light buying was reported Initially but this gave way to small selling and at 3 p.m.
    653 words
  • Article
    New Korean bank is here
    217 12 SOUTH Korea's oldest commercial bank, the ChoHeung Bank, set up office in Singapore yesterday. It became the second South Korean bank In four months to open a representative office here. The other, South Korea's largest, the Commercial Bank of Korea, opened in April. Cho-Heung's debut
    217 words
  • Article
    Lock icon KL to cut back on motor makes
    159 12 AFP KUALA LUMPUR, Thurs. The Malaysian government has formulated a set of guidelines further to reduce the number of makes and models of vehicles to develop healthy growth of the motor vehicles Industry in the country. This was announced today by the Minister
    AFP  -  159 words
  • Article, Illustration
    Yeo leads team for talks in Manila
    187 12 A 12-MEMBER delegation led by Mr. MichaeT Yeo, (above) chairman of the Singapore Manufacturer*' Association (BMA), leaves for Manila on Sunday to attend two plenary meetings of the Asean-Chsmbert of Commerce and Industry working groups on industrial complementation and preferential trading arrangements. Hie
    187 words
  • Article
    Lock icon Exchange rate movements and price changes
    374 12 Reuter PARIS, Thurs. Changes In the effective exchange rate* of the mark and sterlprobably undercorrected German and UK relative coat and price movements in the three years 1973 to 1976 after the oil crisis, the Organisation for Economic Cooperation and Development (OECD) said. This
    Reuter  -  374 words
  • Article
    Jebsen today: a changed world
    289 12 JEBBEN and Jessen has come a long way from the days when It was merely a trading house. Now, the group Is SO per cent Into manufacturing and last year enjoyed a combined turnover of some $200 million from Its activities In Singapore, Malaysia, Thailand
    289 words
  • Article
    SNOOZE AND FLY WITH SIA
    125 12 SINGAPORE AirUnes (SIA) has Introduced another Innovation for Its Boeing 747 first class passengers by providing four fully reclining swivel seats dubbed "snoozzzers" In the upper deck lounge of its Jumbo aircraft. The "snoozzzers", which are fitted with an additional mechanism allowing the back of
    125 words
  • Article
    Takada bids for part of $2b project
    177 12 TAKADA INDUSTRIES, a leading Japanese plant construction company, has put in a bid for a share of the construction work of the proposed $2 billion petrochemical complex in Singapore. Mr. Ken-Ichiro Takada, the president of the company, said In an interview yesterday that
    177 words
  • Article
    Shareholders to be named
    309 12 THE PUBLIC Trustee, has written to local newspaper companies to ask for names of their shareholders. This follows Parliament's passing of an amendment to the Newspaper and Printing Presses Act which came Into operation four days ago. Under the amendment, shareholders with a more than three
    309 words
  • Article
    Lock icon Iran buys 4 ships
    70 12 Reuter GLASGOW, Thurs. The Iranian navy has placed a £55 million (£5233.2 million) order for four support ships, Yarrow and Co Ltd's shipyard on the Clyde said. The Scottish shipbuilders said the vessels will have a multi-purpose role, Including disaster relief, military duties and general cargo
    Reuter  -  70 words
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      465 12 BEE PAGE 3 Soft Sell Is What You Need We Have It »»o V v.y»-.y«» <-m*xpm tcowowr »v»..*%#v You want to project yourself and your company to your many clients and business associates. But you don't want high-profiles, "hard sell" what you want is something discreet and dignified, perhaps something
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