The Business Times, 2 August 1977
1977-08-02
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The Business Times
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Title Section9 1977-08-02 1 BUSINESS TIMES MX.(P) 300/1/77 TUESDAY, AUGUST 2, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article77 1977-08-02 1 AFP TOKYO, Mon. Prime Minister Takeo Fukuda will promise to offer a total of 70,000 million yen (about Ss6l7 million) in economic assistance to Thailand, the Philippines and Malaysia when he visits the three countries this month, Informed sources today. Of the total amount to be extendedAFP - 77 words
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Article69 1977-08-02 1 Reuter PARIS, Mon. Soaring coffee prices have cut consumption of what is regarded as France's national beverage, according to a survey released today. The French Consumers' Federation said its survey of 1,500 people showed that the number who drank coffee several times a day had fallen fromReuter - 69 words
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Article78 1977-08-02 1 UPI NEW DELHI, Mon. The ousted government of Prime Minister Indira Oandhl contemplated Jamming foreign radio broadcasts critical of her emergency rule, a government document released today said. The White Paper called "Misuse of mass media during the emergency", says the former Premier insisted that foreign correspondents mustUPI - 78 words
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Article70 1977-08-02 1 AFP ISLAMABAD, Mon. A visiting European Economic Community delegation today concluded a two-day meeting with Pakistani officials to discuss future prospects of textile exports from Pakistan to EEC countries. A government announcement said discussions were held in the context of a bilateral agreement with the EEC andAFP - 70 words
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Article66 1977-08-02 1 UPI MARACAIBO (Venezuela), Mon. A Singaporeflag oil tanker crashed into a dock at the La Sallna oil terminal on Lake Maracaibo early today. One Korean seaman was reported missing ana eight others were injured. The Manhattan Duke crashed into the dock shortly after 3 a.m. The collisionUPI - 66 words
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Article59 1977-08-02 1 UPI CAPRI (Italy), Mon. Hundreds of foreign tourists abandoned their hotel swimming pools and private yachts yesterday to help firemen battle a major brush fire on this Mediterranean resort island. The tourists were put to work dining ditches and clearing buffer zones along the 589-metre MLUPI - 59 words
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Article74 1977-08-02 1 UPI NEW YORK, Mon. Prices moved higher in moderate trading of New York Stock Exchange Issues today. The Dow Jones industrial average, which gained 0.08 point on Friday despite rolling up a loss of 33.35 points last week, was ahead 2.69 to 892.76 shortly before 11 a.m. (1500UPI - 74 words
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Chief Price Changes
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Article, Illustration160 1977-08-02 1 BARELY steady conditions ruled on the Stock Exchange of Singapore yesterday as moot shares encountered profit-taking alter a firm opening. However, loeses where recerded were marginal. At the close, the Businees Times Index fell Ut points to 394.23 and the Straits Timee Industrial index shed 0.75 point160 words
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Article104 1977-08-02 1 Rites Most active Mm Urn 1.01 +17.* Duff Dev. 270,000 Sc. Bed 2.45 .15 M. Weaving 220,000 Duff Dev. 1.47 +.14 Mm Urn 210,000 ?SS£ Tronoh JC.-MPH A. Amal Bolton 8.H. Chan Loytape IC. We* rli M Rice Cen/Bec. 2.10 14 C. Sunn >.. 900 (MO 0.00104 words
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852 1977-08-02 1 QUEK PECK LIM - ASEAN PROJECTS STILL ALIVE ■y QUEK PECK LIM THE Malaysian Foreign Minister, Tengku Ahmad Rlthauddeen, yesterday confirmed that at least three of the Asean Industrial projects will continue. "From the looks of things," t he said at a press conference yesterday evening,852 words
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Article286 1977-08-02 1 THE ASEAN foreign ministers meeting scheduled for two days ended yesterday, one day ahead of, schedule but managed to approve all the S»IH hours ofdSeetimlon, they have approved all that was discussed by the senior officials of Asean In their three-day meeting over the weekend.286 words
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75 1977-08-02 1 THE Vietnamese ambassador has declined an Invitation to attend the ceremonial opening and closing ceremonies for the Kuala Lumpur summit on Thursday and Friday. A spokesman for the Vietnamese Embassy in Kuala Lumpur said that the ambassador, Mr. Vu Bach Mai, will not be going75 words
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486 1977-08-02 1 THE EAST and South-east Asia region Is gradually establishing Itself as a magr air traffic market, and Singapore Itself, which Is "right smack" In the middle of It, the aircraft Industry Is being geared to take off. According to the latest Singapore Investment486 words
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286 1977-08-02 1 THE Jurong Shipyard Limited group of companies Is to make a determined bid for major contracts In the $2.2 billion Asahan projects In Sumatra. Announcing this here yesterday, the Joint managing director of the group, Mr. Low Guan Onn, said that a task286 words
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Article169 1977-08-02 1 THE Oversea-Chinese Banking Corporation hu Joined the Small Industry Finance Scheme (SIFS) to pretlde loans to small ms—fsrturws la Slngapost. This was announced In a statement Issued yesterday by the Economic Development Board (EDB). The EDB says that with the participation of the OCBCthe scheme "will be169 words
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Article80 1977-08-02 1 KUALA LUMPUR, lion. Peninsular Malaysia recorded a balance of trade surplus of M 9992.3 million during the first five months this year. According to preliminary figures released by the Statistics Department here today, imports totalled 93,939.4 million and exports 94,599.7 million. The trade surplus during the same80 words
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325 1977-08-02 1 WITHOUT prior warning, the European Economic Community has began imposing import duties on Singapore-made electronic capacitor*. This follows the expiry in June of the Generalised System of Preferences (GSP) quota allotted to the Republic for the product. Local electronic manufacturers are puzzled325 words
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495 1977-08-02 1 SINGAPORE AIRLINES will refer to the Singapore Government for a resolution of the issue of operating a service through Kuala Lumpur to London, according to the latest issue of. the national carrier's house newspaper "Outlook". At the recent sixth SI A/SATS Business Meeting495 words
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Article155 1977-08-02 1 SINGAPORE AIRLINES Investment will "skyrocket" this year and next year to the staggering figure of $780 million. This point was made by Mr. J.Y.M. Plllay, SlA's chairman, at the sixth Business Meeting held lyContributing to the sum will be the purchase of six 727 aircraft and two 7475,155 words
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Advertisement30 1977-08-02 1 I *7% WPfc' M a Rolex Ovtrmi Now«/TV A Qmmi Stod Radio -Pt fiM-r-Ownu Nmi/rMton-n Tnufwt A Local Co Nowt P4 yiiort— lataraatUoai Co Pwtara W OIMHM NOW! Pll, 1130 words
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Advertisement77 1977-08-02 1 •r \l ri \r 1 iV v C t l i i. _i i n if _V I, mm >-t, t f- VMj A'/v 'iv r << i V ■<• k)M :h H V E A' 4 JV ,t L'O N DON f ff I. f U. n fe'r <77 words
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Advertisement36 1977-08-02 1 U-Bix COMPLETE COPYNG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE T#» *****2 (5 Lir*«) APS ELECTRONICS (M) SON BHD KUALA LUMPUR T* 21 ?47«36M«4M7 v--vnriMiMy mt». ~4% »v\ lU<»\ ill .r ««/<f u. V\\«.»/ \M« ■;m x36 words
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OVERSEAS
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386 1977-08-02 2 UPI TOKYO, Mon. Japan's car Industry will send Its first delegation to China In mid-September to discuss with Chinese government officials future Japanese car exports to that country, a spokesman said today. A spokesman for the Japan Automobile Manufacturers' Association said a groupUPI - 386 words
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511 1977-08-02 2 AP WASHINGTON, Mon. A bumper US soybean crop this year will mean a hefty Increase In the world's supply of high-protein meal and vegetable oil In 1978, a U.S. Agriculture Department analyst said today. "The cliff-hanger drama caused by tight oilseed meal suppliesAP - 511 words
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Article95 1977-08-02 2 AP NICOSIA, Mon. The United Arab Emirates will soon launch the second stage of a mineral survey, the Middle East Economic Survey reported today. The second stage, which will cost US$2.6 million, (586.3 million) Is intended to assess the accessibility and quality of mineral deposits In areasAP - 95 words
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194 1977-08-02 2 Reuter TOKYO, Mon. Japan'* external reserves rose US$25l million (***** million) In July to $17.83 billion at the end of the month, the Finance Ministry said. The July reserves were well above $15.94 billion at end-July 1970. Since February, Japan's external reserves have IncreasedReuter - 194 words
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Article170 1977-08-02 2 UPI TOKYO, Mon. Annual Ktrol consumption grew for e first time In nine years In 1976 fiscal year to 35 billion litres, an Increase of six per cent from the previous year, the National Tax Administration agency reported yesterday. Agency officials said the tax levied onUPI - 170 words
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Article105 1977-08-02 2 Reuter TOKYO, Mon. The average contracted Interest rate for lendlngs by all Japanese banks fell 0.250 percentage points during June to 7.601 per annum from 7.851 In May, when it declined 0.101 percentage points from April, the Bank of Japan said. The bank saidReuter - 105 words
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Article102 1977-08-02 2 Reuter HONGKONG, Mon. French Prime Minister Raymond Barre has assured China that the relations between their two countries would continue to develop, the New China News Agency reported yesterday. The agency said a message of congratulation was sent by the French Prime Minister to Chinese VicePremier TengReuter - 102 words
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Article308 1977-08-02 2 UPI WASHINGTON, Hon. Latin America, though still plagued by Inflation, foreign debts and population explosion, moved towards economic recovery In 1978 after a disastrous 1975. The Inter-American Development Bank, In a report released yesterday, said that 1nJ976 "most of the countries of Latin America registeredUPI - 308 words
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Article209 1977-08-02 2 UPI AP TEHRAN, Mon. Iran indicated yesterday It was withdrawing Its request to buy a highly sophisticated airborne radar system from the United States in apparent anger over a delay in congressional approval of the US$l.2 billion (812.05 billion) sale. A statement published InUPI; AP - 209 words
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373 1977-08-02 2 AFP TOKYO. Mon. Japan will buy P3C Orlons of the US Lockheed Aircraft Corp. as the next-generation antisubmarine patrol planes (PXL) for Its naval defence, It was reported today. The Defence Agency will decide on the purchase this week and begin preparations to requestAFP - 373 words
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434 1977-08-02 2 AP UPI BONN, Mon. Foreign Minister H&ns-Dletrlch Oenscher said yesterday West Germany Is urging US President Jimmy Carter and Soviet leader Leonid Brezhnev to hold a summit as soon as possible to discuss differences affecting East-West detente. Asked In a radio Interview about US-Soviet differencesAP; UPI - 434 words
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Article153 1977-08-02 2 Reuter LONDON, Mon. Th„ British Conservative opposition said yesterday It would seek government clarification of a report that Russian titanium has been used to develop Nato's new Tornado aircraft. Mr Winston Churchill, Conservative defence spokesman, said he would ask the Defence Ministry to explain the pressReuter - 153 words
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194 1977-08-02 2 UPI WASHINGTON, Mon. President Carter will propose this week that millions of illegal aliens be given status which would let them remain In America lawfully, sources said yesterday. Mr. Carter Is still making final decisions on the legislation. But through sources both InUPI - 194 words
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Article263 1977-08-02 3 UPI Reuter TEL AVIV, Mon. Israel devalued the pound by 1.9 per cent yesterday for the third time In a month as part of a drastic economic, programme to slow down inflation, Increase exports and reduce reliance on the United States. The devaluation broughtUPI; Reuter - 263 words
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Article138 1977-08-02 3 AFP LONDON, Mon. Britain's Inflation rate has been brought down to about one per cent per month, Prime Minister James Callaghan announced In a radio broadcast here last night. But big wage Increases would drive up prices and the unemployment rate, and "hyperinflation" would be back, heAFP - 138 words
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Article90 1977-08-02 3 VENICE, Mon. Deputy Mayor Olannl Pellcanl has Issued a three-year US$l7O- (***** million) rescue plan for this Italian city-ln-a-lagoon on the northern Adriatic, under which the centuries-old city centre would be restored and green spaces and sporting centres created. The 1,000-page plan, on which the90 words
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512 1977-08-02 3 Reuter UPI TOKYO, Mon. The Prime Ministers of Japan and Australia will try to settle a sugar dispute between their two countries when they meet In Kuala Lumpur next week, the Agriculture and Forestry Ministry said here today. The ministry said confirmationReuter; UPI - 512 words
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356 1977-08-02 3 UPI Reuter MELBOURNE, Mon. The Australian Wheatgrowers Federation today said it needs US$l4O million (***** million) in Commonwealth aid to compensate growers for the government's protection policies. Mr. Michael Shanahan, president of the Federation, made the request at the opening of public hearings by the IndustriesUPI; Reuter - 356 words
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307 1977-08-02 3 UPI VALDEZ, (ALASKA), Mon. The trouble-plagued Alaska pipeline was shut down again yesterday, this time for hours, but the delay was not expected to affect today's planned departure of the first cargo of North Slope oil south to the "lower 48" states. Officials saidUPI - 307 words
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139 1977-08-02 3 UPI GENEVA, Mon. Performing artists suffer aboveaverage unemployment and below-average earnings with painters and writers only slightly better off, the International Labour Organisation said In a report published today. In such countries as Canada, France and Japan, actors and dancers have to takeUPI - 139 words
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Article, Illustration202 1977-08-02 3 UPI WASHINGTON, Mon. British Ambazsaderv Peter Jay (above) said yesterday his nation is dabbling In new ideas which may be "as Important as those which we have exported In the past." "What I think Is exciting and Important about what's happening in Britain IsUPI - 202 words
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961 1977-08-02 3 A huge US trade deficit, and depressing forecasts for the US economy, have not been the only reasons for the recent slump In the world value of the dollar. It seems the Treasury In Washington is secretly pleased with the fall, and isFT - 961 words
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267 1977-08-02 3 UPI NEW YORK, Moo. Pertunc m mi bhshed ita annual list of Um world's 566 biggest industrial wpwiHwi autalde of the United States today, naming Um ascend ploasd National Iranian OU Company the biggeet profitearner oftkm all. The top five ciorporodons in 1976,UPI - 267 words
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Article28 1977-08-02 3 TOKYO, Mon. "Precious water let's get down to our problem together" was the slogan for "Water Week," a new official nationwide campaign to cut water consumption.28 words
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318 1977-08-02 3 TOKYO, lion. Leaders of Japan'* booming colour television Industry are glumly drawing up plans (or production cutbacks In the face of new restriction* on their lush sales In thet United States. As of July 1. Japan began limiting its shipments of colour318 words
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Article47 1977-08-02 3 Reuter DACCA, Mon. Bangladesh Is Introducing a twophase economic development plan next year for the following seven years, the presidential adviser for planning, Dr Mlrza Huda, said here. Dr Huda said on Saturday an Initial two-year programme would be followed by a five-year plan. ReuterReuter - 47 words
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Article, Illustration375 1977-08-02 3 AP NEW YORK, Mon. The Justice Department believes former President Richard Nixon received US$l million (812.4 million) in cash from Teamsters union president Frank Fltzsimmons In exchange for barring Jimmy Voffa from seeking elective office in the union, Time magazine reported yesterday. The magazine, quotingAP - 375 words
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Article256 1977-08-02 3 UPI PITTSBURGH, Mon. At least 3,500 steelworkers at Iron mines In Michigan's Upper Peninsula and 500 steel factory workers In Massachusetts went on strike early today, marking the first walkout In the basic steel Industry In 18 years. And more Iron miners In Wisconsin andUPI - 256 words
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Article55 1977-08-02 3 HONGKONG, Mon. Tourism la booming In Hongkong with IS per cent more visitors coming to this British colony In the first five months of the year, according to statistics published here today. The Tourist Association figures showed a 15.5 per cent rise from January to June compared to55 words
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Advertisement89 1977-08-02 2 Copies Sold 24,000 23,000 22,000 21,000 20,000 19,000 18,000 17,000 16,000 15,000 CLIMB WITH US No, this is not a graphic study of the Himalayan mountains. It is a twelvemonth study graph of Fanfare's almost-meteoric rise in circulation in Singapore alone. A 6,820 increase in the last three months (six89 words
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Page 2 Miscellaneous
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Miscellaneous254 1977-08-02 2 WEATHER report for 24 hours prior to 7.30 p.m. on Aug 1 at Singapore airport. Maximum Temperature 31.7° C Associated Humidity 66 Minimum Temperature 24.5 °C Associated Humidity 96 Hours of Sunshine 9.9 Rainfall in Millimetres Nil Total Rainfall for the Month Nil Total Rainy Days for the Month Nil254 words
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Advertisement696 1977-08-02 3 NEW ISSUE Thatmm tmdmUtwbidnht UmMS**s<f Aamin. Thin I as a matt* mmri m>fy. $40,000,000 July IS, 1977 The Long-Term Credit Bank of Japan Finance N.V. Guaranteed Floating Rate Notes Due 1982 Guaranteed unconditionally as to principal and interest by The Long-Term Credit Bank of Japan, Limited First Boston (Europe) Banco696 words
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COMPANY NEWS
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646 1977-08-02 4 -BURPABBING market expectations, Selangor Dredging reported a more than, three-fold Increase in pretax profit to M 518.68 million for the year ended March 31, 1977 from $4.84 million previously. This easily tops its previous high of 15.72 million set In 1970/71. To mark Its new646 words
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Article426 1977-08-02 4 IN LINE with its chairman, Mr. Kuok Hock Nlen's expectations that 1977 will be another growth year, Shangri-La Hotel reported yesterday that pre-tax profit rose about six per cent to $3.47 million for the first six months ended June 30, 1977. Sales also registered an identical margin of426 words
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Article198 1977-08-02 4 Current Ex Date Total for Total for payment Date payable tiie year previous year Lower Perak 15% July 1 Aug 5 30% 30% Oriental Holding* 9% July 26 Aug 10 15% 15% B. Sembawang 20% July 28 Aug 15 20% 20% Riverview Rubber 6%I July 27 Aug 15198 words
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Latest results
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Article39 1977-08-02 4 Audited pre-tax profit M 53.88 million ($3 million) for the year ended March 31, 1977. Tax $1.87 million ($1 million) leaving after-tax profit $2.01 million ($2 million). Interim dividend 20 per cent (same) paid on April 20.39 words
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Article42 1977-08-02 4 Audited pre-tax profit M 5639,538 ($401,423) for the year ended March 31, 1977. Tax $231,111 ($162,879) leaving -after-tax profit $408,427 ($238,544). Interim dividends 10 per cent (same) and five per cent (same) paid cm Dec 9, 1976 and April 20.42 words
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Article82 1977-08-02 4 Y.B. Line (Cayman) Consolidated net loss U*****,321 (loss $71,795) for the year ended March 31, 1977. Loss from vessel operations $227,976 (loss $156,113), equity in loss of affiliated shipping companies $187,304 (loss $3,190) and earnings from Insurance operations $122,959 ($87,508). Loss carried forward $359,944 (loss $67,623). Intraeo Unaudited group pre-tax82 words
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COMPANY MEETINGS
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Article29 1977-08-02 4 THE following compaAy meetings are due: Auk 4, 11 a.m., at the office of John Buttery <i Co., Sandllands House, 100C Paslr Panjang Road, Singapore.29 words
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Article288 1977-08-02 4 OLYMPIA PLYWOOD and Timber Products has followed up Its Impressive turnround in the last financial year with a 129 per cent rise In pre-tax profit to M 5350,644 for the first six months ended April 30,1977. The Increase of $197,609 In pre-tax earnings was achieved288 words
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Article96 1977-08-02 4 THE New Btralts Times Press Malaysia) has appointed Mr. Lm Stow Yw, its group editor to the board of directors from July 28. Singapore Eldal Corporation has announced the resignation of Mr. Uai Ho laa from its board of directors. f V Selangor Dredging Berhad has announced96 words
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618 1977-08-02 4 KUALA LUMPUR. Mon. For the first time since It was formed In 1969,-Regent International Hotels of Hongkong made a profit for the financial year 1976/77. The amount though not substantial was very encouraging to the operators. The company's shares are hekl by Kir618 words
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907 1977-08-02 4 ROBERT McDONALD - By ROBERT McDONALD FT THE great British gamble on tobacco substitutes may be running out of puff. Manufacturers are being very cagey about sales, and Indications are that only a small proportion of the country's 20 million smokers have even tried the newFT - 907 words
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252 1977-08-02 4 FT AMSTERDAM, Mon. The Dutch Oovernment has submitted to Parliament a draft bill for the creating of a State banking organisation known as the "Postbank." It will be the fourth largest bank In Holland after ABN, Rabo and Amro, and it will combine andFT - 252 words
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Article71 1977-08-02 4 Reuter NICOSIA, Mon. AlsthomAtlantlque 8A has been awarded a one billion franc contract by the Iranian national power company Tavanir for the construction of two 400 megawatt oil-fired power plants at Tabrls, the middle east economic survey said. The contract will be financed by a 800 million francReuter - 71 words
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Article49 1977-08-02 4 Reuter LONDON, Mon. British Leyland said It will spend £31.8 million on a new heavy truck plant In Lancashire. The plant will double existing capacity for this kind of vehicle to 425 units weekly and will employ 1,580 hourly-paid workers on a two shift basis. Reuter.Reuter - 49 words
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745 1977-08-02 4 RICHARD PHALON - By RICHARD PHALON NYT IS MONEY management a losers game that is won by cautiously concentrating first on avoiding mistakes rather than by swinging from the heels for some hot growth company whose stock Is bound to go from 3 to 30 overnight?NYT - 745 words
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Article131 1977-08-02 4 KUALA LUMPUR, Mon. Exxon Production Malaysia, Incorporated Is to change Its name to Esao Production Malaysia Incorporated. A company spokesman said today, the change of name came about following the appointment of Dr. R.J. Krulseaga recently as the chairman and chief executive of Exxon Production Malaysia131 words
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500 1977-08-02 4 FT LONDON, Mon. Considerable expansion In the amount of financial and other Information required from big companies in their annual reports Is called for In a Green Paper published by the Department of Trade last week. It says that companies shouldFT - 500 words
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Advertisement198 1977-08-02 4 Give us a man fora monthwe'll give him a language for life ■■IQUa now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency in198 words
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Article448 1977-08-02 5 ASIAN COMPANIES FT SYDNEY, Mon. Major variety and food retail chain, Q.J. Coles, boosted earnings by an Impressive 31 per cent from A 122.8 million to 129.8 million In the year to June 25, and has Increased Its dividend for the second successive year. The Improvement IsFT - 448 words
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73 1977-08-02 5 HONGKONG, Mon. Wheelock Maritime International, a member of the Wheelock Marden gQ>up, Is paying unchanged final dividends on Its "A" and "B" shares. The total for the year also remains an unchanged HK 35 cents for the "A" shares and 3.5 cents for the "B"73 words
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Article62 1977-08-02 5 HONGKONG, Mon. International Pacific Securities Is offering shareholders a choice of a final dividend of HK 13 cents or a scrip dividend of equivalent value for the year ended June 1977. The dividend will be paid the capital as Increased by a one-for-10 scrip issue. Net62 words
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Article51 1977-08-02 5 TOKYO, Mon. Tokyo Shi barn Electric managed to make a good turn round in the year ended March 1977 from a deficit of 3.94 billion yen to a consolidated net Income of 3.57 billion yen. Sales, however, remained practically unchanged at 1.38 trillion yen. against 1.32 trillion yen last51 words
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Article47 1977-08-02 5 TOKYO, Mon. Bridgestone, the Japanese tyre manuiacturers, has raised net profit In the first half year ended June 1977 to 6.28 billion yen from 5.82 billion yen last time. Sales rose from 154.67 billion yen to 171.05 billion, yen. The dividend is held at five yen.47 words
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Article104 1977-08-02 5 HERALD WEEKLY Reuter MELBOURNE, Mon. Mr. Keith MacPherson has been appointed chairman of the Herald and Weekly Times Ltd., one of Australia's major newspaper publishing groups, the company announced today. Mr. MacPherson, 57, is chief executive of the company. He succeeds Sir Philip Jones, 64, whom the company said wasReuter - 104 words
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Article147 1977-08-02 5 Reuter TOKYO, Mon. Mitsui Bank confirmed an economic dally Nihon Kelzal report that Mitsui Bank and two other Japanese city banks recently sold national bonds totalling 12 billion yen on the secondary bond market. The report said Mitsui sold national bonds worth six billion yen andReuter - 147 words
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Article67 1977-08-02 5 UPI TOKYO, Mon. Suntory Ltd. starts selling "Marzen" beer In Hawaii today, company officials said. A new type of beer with a mild taste, Marzen is brewed from pure malt and hops imported from Czechoslovakia and will be sold at local liquor stores, officials said. It will be pricedUPI - 67 words
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Article180 1977-08-02 5 Reuter TOKYO, Mon. Honda Motor Company Limited said Its after tax profit and sales for the six months ending Aug 31 1977 are expected to exceed Its target of 8.5 billion and 380 billion yen respectively. It reported after tax profit of 7.06 billion onReuter - 180 words
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Article147 1977-08-02 5 FT SYDNEY, Mon. Australian Paper Manufacturers, major paper, timber and woodpulp group, boosted earnings from A 116.8 million to a record $18.2 million in the year to June despite a downturn in the second half. In the first half, APM lifted profit 25.6 per cent toFT - 147 words
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1234 1977-08-02 5 NYT NEW YORK, Mon. For the OAF Corporation, which has limped along for years In the shadow of Eastman Kodak, the capitulation to Its archrival was both sudden and humiliating. In a public announcement on July 22, Mr. Jese Werner, the 60-year-old organic chemist whoNYT - 1,234 words
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Article110 1977-08-02 5 AP NICOSIA, Mon. The Abu Dhabi National Oil Company (Adnoc) has agreed to sell Japan's Mitsui Company 15,000 barrels a day of crude oil over 61 days starting today, the Middle East Economic Burvey (MEES) reported. The new deal Is In addition to the 20,000AP - 110 words
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Article65 1977-08-02 5 Reuter PARIS, Mon, Basque National* de Paris (BNP) •aid it opened a branoe office in Manila. The office will operate from today and will only do business in currencies other the Philippine peso, under the terms of Philippine regulations governing offshore banking, BNP said. It willReuter - 65 words
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111 1977-08-02 5 SYDNEY, Mon. Associated Securities has suffered a sharp reverse in its fortunes with a profit of A 52.78 million in the previous year turned into an audited trading loss of $1.38 million in the year ended June 1977. Sales too have been hit, falling from $57.57111 words
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Article120 1977-08-02 5 Reuter SYDNEY, Mon. Renison enjoyed a near quadrupling of net operating profit In the year ended June 1977. Net operating figures came to All 1.34 million against $3 million while sales rose to 136.8 million from $18.12 million. The final dividend has been hoisted to 32.5 centsReuter - 120 words
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Article311 1977-08-02 5 HONGKONG, Mon. The world's only major dty with four separate stock exchanges has taken the big step aimed at a merger that will result in one prestigious market attracting vast International attention. Because of traditions dating back to the turn of the century, no regulating311 words
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Article104 1977-08-02 5 HONGKONG, Mon. Cheung Kong (Holdings) which has Just raised the 1977 first half net profit sharply, forecasts that the second half should produce no smaller profit. In the first six months, unaudited consolidated net profit came to HK535.65 million, up 56 per cent from $22.76 million previously.104 words
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164 1977-08-02 5 Reuter SYDNEY, Mon. Amatil has raised its Interim dividend for the first half ended April 1977 by one Australian cent to eight cents following a near doubling of consolidated net profit. The unaudited earnings come to $12.91 million compared with $6.97 million previously. RevenueReuter - 164 words
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Article42 1977-08-02 5 Reuter TOKYO, Mon. Nissan Motor Co Ltd said it will raise the US retail prices of its 1977 models by an average 3.8 per cent, effective Aug 1, in view of the recent rise in the yen against the dollar. ReuterReuter - 42 words
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Article287 1977-08-02 5 FT LONDON. Mon. Britain could lose multl-mllllon pound investments from many major Japanese industries if Hitachi is forced to expand in Germany. Mr. Dennis Stevenson, chairman of Peterlee and Aycliffe Development Corporations, has urged the UK government not to "throw away the work of theFT - 287 words
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671 1977-08-02 5 EUROPEAN COMPANIES FT ROME, Mon. Against background of growing turmoil In Italy's nationalised Industries, the Italian state medium term credit agency, Mediobanca, is to publish shortly a study snowing that the private sector has done considerably better than the state sector in spite ofFT - 671 words
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195 1977-08-02 5 FT EDINBURGH, Mon. The existence of an "equity gap" which prevents small or unquoted companies from raising investment capital, is suggested by the Scottish Development Agency In its evidence to the Wilson Committee on financial institutions, published last week. The agency, which hasFT - 195 words
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Article72 1977-08-02 5 Reuter LONDON, Mon. A US$2O million, five-year loan at 1 per cent over London interbank offered rates has been arranged for Empresa Nacional de Alumlnlo Spain's major aluminium producer, with funds provided by 18 International financial institutions, lead manager Banco de Bilbao said. Other finance houseReuter - 72 words
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200 1977-08-02 5 Reuter BRUSSELS, Mon. Petrofina's consolidated profit for the six months ended June, 1977 took a tumble from 2.61 billion francs last time to 2.25 billion francs. The company said the results were sharply affected by a reduction in North Sea production, the weakness of theReuter - 200 words
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Advertisement137 1977-08-02 5 This Sign Means Business Businessmen Find new products, new ideas, new profits at the NEW ZEALAND INDUSTRIES TRADE EXHIBITION Shangri-La Hotel (Island Ballroom and Foyer) Open daily until Saturday August 6. Hours: 9.30 am 1.30 pm; 4pm 7 pm. For information, contact New Zealand Trade Commissioner, 13 Nassim Road, Singapore137 words
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Article2298 1977-08-02 6 itn HiCk Low Last Sal* ♦«rGr*« dhr Dhr e*w Gk'i r*M Nat P/l V«1 (t08) Da* High Low SECTION ONE INDUSTRIALS 154 204 M 230 101 198* 169 223 396 171 136 172 58 212 57 155 152 182 350 145 Acma Alcom Allied Choc Bata Ben2,298 words
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Article1362 1977-08-02 6 BID tod attar prion omaalb DM buaiMaa to lc th« day «tth the namtmofSSm'tmSi ahoam In bracketa to tots of 1000 onlta unleaa otherwise AH Time Settlement Contract* are quoted after the word "fctt." B* Boar* dealt (in lota of i.MO units) ar* quoted after the letter1,362 words
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Article160 1977-08-02 6 B O T 8 1/2% 1961 (100,000) (103KB 103*8) B O T 7 5/8% 1964 (100,000) (96KB 99*8) LTCBJ1962 (100,000)(96SB 998) ClWil Lyoamaia Floating 1963 (100,000) (96KB 96*8) D B 8 Convert* 6 1/2% 1991 (100,000) (96B 96*8) DBS 81/2% 1962 (100,000) il01*B 102*8) I I B 9%160 words
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Article139 1977-08-02 6 SINGAPORE UNIT TKU8T INCOME BOND UNIT (Nu4n' prisss far Au| r» (Caneat m rises) The Commerce.... 1.71 1.81 INCOME BOND 1.07 1.13 The Saving Fund O.M l.M MABA BUMIFUTBA FUND S pore Prog Fund O.M 0.00 (Maaafart* prion far Aa( 2) 8'por« Security First Bumlputra 2.13 *.20 Fund139 words
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Article1538 1977-08-02 6 BID and offer price* officially bated and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of share* traded shown tn brackets in lota of 1,000 units unless otherwise specified.. INDUSTRIALS A J totem** (2.048). Aleeai (1.008). A. Oft** (O.SSB 0 88811,538 words
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Article122 1977-08-02 6 R«P Spore D Mark 7% 1982 (1C0,000) (100 KB 101 MB) Rep Spore C 1/2% 1963 (100.000) (99K8 1008) Rep Span 7 3/4% I*7 (100,000) (100 KB 1018) 5 1/4% 15/7/78 (250,000) (101.408 101.555) 4 3/4% 1/5/79 250,000) (100.858 100.928) (4) 100.88 5 1/4% 15/10/79 (250,000) (101.958 102.058)122 words
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Article92 1977-08-02 6 MOST ACTIVE JULY STOCKS: Haw Par (8,521,000); Inchcape (7,044,000); Slme Darby (4,646,000); Leong Huat (4,370,000); Bandar Eaya (4,184,000); Pacific Development (3,780,000); Lien Hoe (3,344,000); Jack Chla-MPH (2,876,000); Central Securities (2,848,000); General Lumber (2,760,000); U. 0.8. (2,284,000); Malayan Credit (2,130,000); Public Bank (2,068,000); Sembawang Shipyard (1,842,000); and Kuala Lumpur92 words
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Page 6 Advertisements
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Advertisement176 1977-08-02 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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Article39 1977-08-02 7 STRIKING price* of the lUX'k option* officially listed on the Stock Exchange of Sncapore. the periods, bid sad offer prieoe sad busiaeee done yesterday, with the number of option* traded ■howa in bracket*. Wearnes (Sept $3.00) (0.10B).39 words
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Article, Illustration600 1977-08-02 7 BARELY STEADY conditions ruled on the Stock Exchaage of Singapore yesterday with most counters taken marginally lower from last Friday's clooo. The market opened en a firm note but encountered proflttaking towards the middle of the morning cession. The slightly easier trend continued in the afternoon600 words
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Article410 1977-08-02 7 SHARE PRICES closed mixed to slightly easier after a day of moderate trading on the Kuala Lumpur stock market yesterday. The morning session opened with the expectation that prices would hold well after the bullish run-up last week. However, after the first hour of business, mild410 words
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Article2114 1977-08-02 7 THE BULLOCK REPORT FT. LONDON, Mon. The battle over the Bullock Report on worker directors, which has been waged In and around Whitehall for the past seven months, reached a decisive state last week with a decision by cabinet Ministers to delay until the autumnFT. - 2,114 words
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INTERNATIONAL STOCK MARKETS
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Article510 1977-08-02 7 TOKYO: Share prices rose over a wide front, dealers said on Monday. The Dow Jones Average rose 47.00 to 4,970.71, with volume 200 million shares. The New Index was up 1.54 to 372.85. Real estates, damage Insurances, pulps and papers and printings advanced. Hetwa Real Estate rose 74 yen510 words
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Article119 1977-08-02 7 DUE to communication difficulties. the Manila stock market report was not available yesterday. AUG 01 Peaoa Acoje Mining 0125 +0.001 Atlas Con A 20 30 -0 3 Atlas Con B 20 80 unch Bagulo Gold OOM 0.0004 Beng j«t Con. B BF Goodrich 19 00 -0 5 CDCP Inco119 words
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Article300 1977-08-02 7 AC! i«3 Nil ADC 15 Nil Ampol pet 58 SO ANI 123 Nil APM 117 Nil Bank NSW 514 Nil Brambles 152 155 BHP SM 588 Boral 210 212 CBA 285 287 C8R 302 306 CIO Nil 305 Coal Allied 308 315 Dun lop 103 106 Ex Ind 280300 words
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838 1977-08-02 7 JUDITH MILLER - By JUDITH MILLER NYT ANDREW M. KLEIN, the newly appointed director of the Securities and Exchange Commission's division of market regulation, has vowed to move swiftly toward the creation of a competitive national market system In securities trading. "The Industry has hadNYT - 838 words
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Page 7 Advertisements
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Advertisement473 1977-08-02 7 BUSINESS TIMES Airline Directory AtroMot Soviet Airlines 110-112 Show Centre, Orchard Read, (Tel: 377.111) Air Ceylon 302-B, 3rd Floor, Merine House S Hen ton Way, Singapore (1) (Tel: *****88) Air France Ground. Floor, ICS Building, S Ken ton Way Singapore 1 (Tel: *****11) 16th Floor, UIC Building, Shenton Way, Singapore473 words
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COMMODITY REPORTS AND PRICES
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Article350 1977-08-02 8 IN the Singapore rubber market yesterday, opening quotations were marked up 0.75 cent following higher overseas advices but fell back slightly on Isolated selling by upcountry speculators in thin trading, dealers said. Prices eased during the morning and August RSB One buyers finished at 192.25350 words
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Article30 1977-08-02 8 Rubber: August 1 Singapore: August 192.00 cento (down 0.75 cent.) Malaysia: August 193 cento (down one cent) Tin: 91,628 (up $24) Official offering: 235 tonnes (down 47 tonnes)30 words
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Article313 1977-08-02 8 Prices In cents per kilo yesterday: Noon (per kilo) ClOM (per kilo) Int. 1 R.8.S. prompt f.o.b. Int. 1 R.S.8. August Int. 1 R 8.8. September Int. 2 R.8.S. UK/Cont. Int. 3R.S.8. UK/Cont. Int. 4R.8.8. UK/Cont. Int. SR.8.S. UK/Cont Buyers 191.50 193.00 194.25 191.00 190.00 187.25 188.25 183.29313 words
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Article89 1977-08-02 8 NOON 8SR and SMR prices yesterday R.A.S. (ComatMtk) (Forward Mth) lonita (ceni SSR20 (1 ton pallet) 191.00 193.00N 192.00 104.OON S8R SO (1 ton pallet) 188 50 190.50N 180.50 191.50N M.R.E.L.B. SMR5CV (1 ton pallet) 213.00 215.00N 213.00 21S.OON SMR5L (1 ton pallet) 210.50 212 SON 210.5089 words
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Article214 1977-08-02 8 LONDON, Mon. Nearby futures positions gained substantial ground around mld-momlng following an early technical £40 limit decline In September 1978 at £2,270 offered. Nearby gains ranged from £47.50 with near September at £2,920 per tonne. Dealers attributed this nearby strength to continued tightness of early delivery physicals, highlighting shipment214 words
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Article325 1977-08-02 8 COFFEE bean prices staged a strong rally In a generally quiet Singapore produce market yesterday. Trading volume was minimal and still confined to local and neighbouring countries consumer accounts. Going by the prices supplied by the Singapore Chinese Produce Exchange, all grades of coffee were marked up by325 words
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Article124 1977-08-02 8 LONDON, Mon. Copper wire bars showed losses of £11.50 for cash and £10 for Three Months. Values worked lower under general liquidation and hedge selling which took Three Months from £717 at the outset of the pre-mar-ket down to £710 In the ring before shortcoverlng from one quarter in124 words
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Article139 1977-08-02 8 LONDON, Mon. Futures rose In early dealings, continuing last week's bull trend revival. New York's firm close and reports of minimal roaster buying Interest aided sentiment, dealers said. But the rally which took September to a high of £3,020 after initially opening at £2,920 was short-lived and the market139 words
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Article87 1977-08-02 8 LONDON, Mon. Terminal opened £1.75 to £2.7oper tonne up compared to nrlday afternoon's closing levels on mixed buying and short-covering which absorbed scale-up selling from the trade, dealers said. Sales totalled 588 lots. The very steady tone partly reflected optimism over prospects of a new sugar agreement following last87 words
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Article57 1977-08-02 8 LONDON, Mon. Zinc eased by mostly £3.25 per tonne. This metal followed the declines In copper and lead with light hedge selling taking Three Months from a pre-market high of £310 down to £316 In the ring before short-covering and profit-taking purchases steadied the position finally to £318.50. Sales57 words
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Article148 1977-08-02 8 THE Strait* tin price In Penan* yesterday wis ud 124 t0i1.828 per picul on an official offering down 47 tonnes to 2SS tonnes. In LONDON yesterday, tin finished £25 higher for cash and £27 up for Three Months standard. High grade was £35 and £22 up respectively.148 words
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Article109 1977-08-02 8 IN the Singapore gold market yesterday, the kilobar was nominally quoted at 8111,400. In the afternoon, the price was marked up to 911,420 In thin trading. It closed at $11,440. There was no trading In the loco London market as Hongkong and Zurich were closed. The London morning fix109 words
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Article57 1977-08-02 8 LONDON, Mon. Lead closed with all round losses of £2 per tonne. The market came under moderate selling pressure following the trend In copper, dealers said, with Three Months trading down to £325.50 per tonne. Continued nearby buying support, however, served to narrow the price fractionally to £2.50. Sales57 words
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Article38 1977-08-02 8 LONDON, Mon. Sliver was 0.3 pence lower to unchanged. Dealers said prices fluctuated narrowly throughout the morning In modest featureless dealings. At the close, Three Months was trading at 284.8 pence. The turnover was only 30 lots.38 words
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543 1977-08-02 8 AP TOPEKA (Kansas), Mon. Too much dry weather In the winter and too much rain In the spring brought predictions of doom for America's winter wheat crop. But the harvest Is almost complete In Kansas now and the problem Is too much wheatAP - 543 words
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Article165 1977-08-02 8 Reuter WASHINGTON, Mon The United States' Imports of coconut oil in June totalled 108.8 million pounds, up from 88.4 million In May and 88.7 million In June last year Census Bureau fleures show. Most of the June Imports came from the Philippines (108.8 million pounds)Reuter - 165 words
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1192 1977-08-02 8 AFP LONDON, Mon. Early steadiness gave way to a general decline In prices on the commodity markets last week, with the marked exception of tin, which touched a four-month "high" and coffee. The mid-week decision by the Bank of England to stop holding downAFP - 1,192 words
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MONEY AND EXCHANGES
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Article575 1977-08-02 8 SINGAPORE'S local money market firmed yesterday following withdrawals from the system for month-end payments. Overnight money opened at the 3to per cent level In the morning. Active trading, however, saw the rate pick up In the early hours to touch 4to per cent during clearing hours, and it hardened575 words
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Article49 1977-08-02 8 ACBC First Chicago CH iH Citibank (S ■iMkfk Bask 7 HSBC (S Bank of America Bank of China 7 Malayan Banking.. SH Bank of Tokyo Mitautf Bank 6H Sank Natara OCBC 7 OUB Chartered Bank (Iik Manhallan IH <H L'CB UMBC 7 7 DBS C'/k UOB49 words
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Article103 1977-08-02 8 Asian rates ASIAN currency deposit Interbank s a xi Aug 1: «b U 7d*jr* 6 7/1 1 mtti 1/11 S 15/18 2 nUM 1/8 8 3 mtha 1/4 8 1/8 6 mUu a/ie 8 7/18 mtha e 8 1/2 12 mthi 3/4 8 5/8 le.rn. (MMtt Dm. lmth IBU« 1103 words
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Article49 1977-08-02 8 HANOI of ptlcm offered houeee or July 25 Overnight 3H Call deposit 3* > by discount Bwy'' 1 MHm 3-Month TreMury MUt 3 3- Month BtnlubtlU 4 1/M 3-Month CD 4 7/M •-Month CD 4 M 2 in 3 ls/ie 4 via 4 l/I Source: National Discount Co. Ltd.49 words
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Article199 1977-08-02 8 LONDON, Mon. The dollar traded steady while sterling firmed In thin opening business, dealers said. The dollar was quoted around 2.2880/90 marks, up from Its early 2.2855/65 but below Its Friday close of 2.2910/25. Sterling was quoted around $1.7388/93. also up from its Initial 1.7380/85 and Its Friday close199 words
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Article141 1977-08-02 8 TOKYO, Mon. The dollar for overnight delivery closed at 266.70 yen, down from 266.80 at the opening and 266.30 at Friday's close, after early gains were offset by late dollar selling, dealers said. No central bank Intervention was detected, they said. After an Initial advance reflecting a high level141 words
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Article163 1977-08-02 8 Euro rates LONDON, Mon. Short date Eurodollar deposits opened firm while time deposits were mostly steady around Friday's higher levels, dealers said. Trading was slow. Early Far East taking Interest was noted In periods and held rates steady with a firm undertone at the opening. Funds were reported coming In163 words
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Article51 1977-08-02 8 AU8TRALIA/NZ exchanges on Aug 1: Australia Sterll* 0.6466/0.6423 U8 dollar 1 1247/1.119# Ninety-day air mall buying rate* Sterling 0.6670 US dollar 1 1502 Ninety-day forward buying rates: Sterling 0.6474 US dollar 1.1147 New Zealand Sterling 0.5606/0.5977 US dollar O 07K/O 96M Ninety-day forward rate: Sterling 0.9776 US dollar 051 words
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Article38 1977-08-02 8 FRANKFURT exchanges opening quotes on Aug 1: US 2 2854/85 Cut 2 1400/20 UK 3 980/M8 Neth u.9«/w 8w1tt#9 20/30 ItAljr 2 588/808 Norw 43.47/99 Belf (com) 8 485/ 479 Bel* (fin) 8.43/48 Japan 0 8875/ 8838 words
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Article300 1977-08-02 8 LONDON, Mon. Trading in Eurobonds was quiet because of the holiday In Switzerland, dealers said. LONDON Eurobond price* on Aug 1 Straight* BM Offer Austria 8%. 90 101% 102% Bell Canada 8% 88 104% 105% BFCE 8% 83 102% 103% Brazil 9 V, 84 90% •9 Can Pacific 9*300 words
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Article13 1977-08-02 8 THE Hongkong, Zurich and Bangkok markets were closed yesterday for local holidays.13 words
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Page 8 Advertisements
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Advertisement132 1977-08-02 8 Don't let the language barrier stop you from wider contacts mmrdn I r ft I 1 <VJ y x oS* r* e \o ,ov x f \N YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere and any time that suits you. Possess ing132 words
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TRANSPORT AND COMMUNICATIONS
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371 1977-08-02 9 AP DETROIT, Mon. Top car company and US government officials say American car plants will start shutting down within a week, leaving thousands of workers Jobless and creating economic chaos, If Congress does not settle on new car-pollution standards by FridayHowever, some CongressmenAP - 371 words
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378 1977-08-02 9 NYT WASHINGTON, Mon. After Panamanian agitation since 1914 and direct United Btates-Pana-manlan negotiations for the last 13 years, a new treaty covering the status of the Panama Canal Is now in sight. So much so that President Carter intervened this past week toNYT - 378 words
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Article171 1977-08-02 9 NAMYANO Shipping Is incorporated in Seoul and operates a fleet of cargo vessels mainly to Southeast Asian ports from Busan and Inchon In Korea. The vessels call at ports in Japan, Taiwan, Hongkong, Thailand, Singapore and the main ports of Indonesia, including East Malaysian ports. In addition to171 words
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Article, Illustration599 1977-08-02 9 UPI SEOUL, Mon. A new European-style sedan that has been quietly rolling off Bouth Korean assembly lines for less than two years Is suddenly posing a serious competitive threat to some of the world's biggest car makers. ItUPI - 599 words
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Article, Illustration372 1977-08-02 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cape Grafton (after Molochansk) 8/9 Hoegh Elan (2300 after Allsher Navol) 44 La ElOja (LRQQ) (0500 after Straat Amsterdam) 10/11 Murrayeverett (1700 after Benalbanach) (D/L) 33/34 Orchard Gold (1100) 40/41 Strathlpmond (1500 after Bengloe and Sounding Operation) 1/2 Tapah (1300 after Rajah Brooke)372 words
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820 1977-08-02 9 Reuter BONN, Mon. In the Kaiser's day, the German army was known as the school of the nation. In present-day West Germany, the role sometimes seems to be filled by the radio and television system. TV political commentators wield nearly asReuter - 820 words
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131 1977-08-02 9 ATP BYDNEY, Mon. Olympic Airways has dedd«<l to and its twice-weekly Jumbo service between Greece and Australia. A spokesman at the Olympic Airways office In Bydney mid It was deeply regretted that the serrice would end because there were more than half a millionATP - 131 words
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Article585 1977-08-02 9 ARRIVALS Operator Nuabc un r Tin u m Wtmm CAL CPA CD31 CX003 0040 0145 TPK/HKO/KUL HKG TMA MAS TL303B MH682 0215 0810 BEY/DXB/ BOM/KUL KCH CAL SLA 8IA OLA CL806 SQ980 SQ211 OA944 1000 1030 1045 1055 HLP HLP HLP PKU OLA RBA SLA MAS SLA585 words
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386 1977-08-02 9 NYT NEW YORK, Mon. Two major travel destinations, Israel and Spain, have recently moved to combat soaring Inflation rates of 30 per cent or more with varying effects on the tourist trade. In Israel, the Government reduced subsidies paid for such basicNYT - 386 words
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Page 9 Advertisements
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Advertisement26 1977-08-02 9 RENTOKIL guards your property against TERMITES, COCKROACHES, RODENTS, ANTS, MOSQUITOES OTHER PESTS for INSPECTION, ADVICE, TREATMENT. TM- A ***** RENTOKIL XCLL* UTUUvU SINGAPORE PTE. LTD. u26 words
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Advertisement154 1977-08-02 9 HANDBOOK m 1 h# fK I 4 7 K Oi n t P* U u by E. Lenox Figgis F.C.A. A practical handbook oxplaining how batting tokos placa on tho world's most popular batting pastimas, including horsas, dogs, football pools, sporting avsnts, casino gamas, such as craps, roulette, ate., swoapstakas,154 words
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946 1977-08-02 10 JOHN LEE - TODAY'S DIFFERENCES AND PARALLELS By JOHN LEE NYT NEW YORK: Amid great attempts at secrecy, one of the pivotal meetings in modern economic history took place in New York 50 years ago. At that time, business was bustling in the United States,NYT - 946 words
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Article, Illustration868 1977-08-02 10 PAUL ANASTASSIADES - By PAUL ANASTASSIADES AP ATHENS: An Invasion of multinational companies Is bringing bright lights, American steakhouses and Greek-speaking Japanese businessmen to Athens, and also provoking some suspicion and resentment among Greeks. Most of the multinationals moved here In the wake of the upheaval InAP - 868 words
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Article, Illustration1205 1977-08-02 10 NANCY DUNNE - South Korea'* efforts to buy friend* and influence people in Washington have left an enormous cloud of scandal hanging over Capitol Hill. But as fur as the objectives of the Korean bribery campaign are concerned, it may in the end haveFT - 1,205 words
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Article1351 1977-08-02 10 SEYMOUR M. HERSH, JEFF GERTH - This is the last of a series of six articles based on four months of research into GULF AND WESTERN INDUSTRIES, the worldwide conglomerate. It was reported and written by SEYMOUR M. HERSH, a Pulitzer prize-winning investigative reporter, and JEFF GERTH. SEYMOUR M. HERSH, JEFF GERTH. NYTNYT - 1,351 words
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Page 10 Advertisements
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Advertisement529 1977-08-02 10 This months new Penguins F SCOT FTT7GERALG II I I M PM 4 S The Last Tycoon: F. Scott Fiagarald Exhausted by Hollywood hackwork, Fitzgerald diad before he could complete the book that many people regard a* his masterpiece. His bittersweet novel of Hollywood in the thirties is now a529 words
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376 1977-08-02 11 THE government Is continually placing strong emphasis on the need to Improve the standard of Sublic transport In lngapore, said lir. Ong Teng Cheong, Senior if mister of State for Communications. Mr. Ong, who was speaking at the National Trades Union Congress-Comfort annual376 words
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312 1977-08-02 11 UPI SINGAPORE and New Zealand have set up a New Zealand/ Singapore Agreement for Industrial, Technological and Scientific Cooperation (Slntesd) to encourage more New Zealand businesses to establish joint venture manufacturing operations with local firms in the Republic. This was disclosed by Mr. OeraldUPI - 312 words
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Article119 1977-08-02 11 CANBERRA, Mon. With increasingly diverse International Interests in Australia and New Zealand, It Is Important for both countries to maintain close and detailed consultations, foreign ministers for both countries said yesterday. In a Jointly released statement, Mr. Andrew Peacock, Australian Foreign Minister, and Mr. Brian119 words
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Article167 1977-08-02 11 THE half per cent hike In contribution to the Central Profldent Fund will not affect the life Insurance Industry here. Insurance managers said yesterday the additional Increase In CPF contribution is too small to reduce the willingness of people to buy life Insurance policies.167 words
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Article, Illustration619 1977-08-02 11 Reuter TAIPEH, Mon. Typhoon Vera, which crashed into northern Taiwan yesterday, leaving at least 38 people dead, has crippled the seaport nty of Keelung. Vera s force smashed wind records set last week by Typhoon Thelma that lashed the southern part of the Island.Reuter; UPI radiopicture - 619 words
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186 1977-08-02 11 INTERNATIONAL Bank of Singapore's (IBS) offshore banking office In Manila Is to be opened In November or December this year. Speaking, to Business Times yesterday, Mr. J.O. Craig, chief executive of IBS, said that the bank Is In the process of concluding arrangements186 words
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345 1977-08-02 11 INFORMATION gathering at the point of sales is playing a greater role In Inventory taking and store planning In the retail trade. Making this possible is the computerised point of sales system (POS) which Is fast gaining acceptance In Japan and the US.345 words
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Article121 1977-08-02 11 GENERAL Telephone Directory (S), the company responsible for the Yellow Pages in Singapore, has completed a survey on "How many people find It in the Yellow Pages." However, the result of the survey la not yet known. The Yellow Pages, with Its popular slogan, "Let your121 words
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792 1977-08-02 11 Reuter MANILA, Mon. Philippines newspapers, carrying almost identical stories, today reported a split among President Marcos' advisers and the heirs of the Sultan of Sulu about dropping the long-standing claim to Sabah. The official Philippines News Agency also Issued a similar story,Reuter - 792 words
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215 1977-08-02 11 JAKARTA. Mon. President Suharto today Inaugurated the first shipment of 125,-000 cubic metres of liquefied natural gas (LNG) from Bern tang, east Borneo, to Japan, marking a new development In Indonesia's economy, a palace spokesman said. The newly built gas tanker, Aquarius, left Bontang215 words
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176 1977-08-02 11 UPI TOKYO. Mm. Jtpu i*mi today l* nooplN u bilqmlm military mm prarlelmaj by North Kara together with a 320-km Mr. Suaao Sonoda, official government ipoketmtn and chief Cabiaat Secretary, said the military mm "has aot been recognised uader interaatioaal law" aadUPI - 176 words
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Article125 1977-08-02 11 Reuter COLOMBO, lion: Sri Lanka's new government has ordered a full Investigation Into Soviet-aided oil exploration In northern Sri Lanka after charges that a 1974 oil strike announcement was a hoax, usually reliable sources said today. They said Industries Minister Cyril Mathew had commissionedReuter - 125 words
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Article, Illustration546 1977-08-02 11 Reuter ROME, Mon. The World Pood Council's ambitious new chief, Filipino Agriculture Secretary Arturo Tanco, Is hoping that three breakthroughs will help millions of hungry people within one year. The handsome, fasttalking, 42-year-old Filipino headed his government's rice production plan which made the country selfsufficientReuter - 546 words
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334 1977-08-02 11 Reuter KUALA LUMPUR, Mon. Malaysia will ask Japan to provide soft loan financing for basic Malaysian development projects during the state visit of Prime Minister Takeo Fukuda starting on Aug 0, Malaysian officials said. Japan has made available three yen loans to Malaysia totallingReuter - 334 words
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222 1977-08-02 11 THE Public Works Department has Invited tenders for the Implementation of a computerised traffic control system for the central area of Singapore. When completed in late 1080, the system will use a digital computer to control 150 signalised Junctions on various locations within the222 words
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Article252 1977-08-02 11 Reuter IBLAMABAD, Mon. Pakistan's military government announced today that general elections will be held on Oct 18. The military promised the elections, and a return to civilian rule, when It staged a coup on July 5. It took power and brought In martialReuter - 252 words
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Article88 1977-08-02 11 AP WELLINGTON, Mon. Prime Minister Robert Muldoon said today he will discuss with Japanese Prime Minister Takeo Fukuda a meat-for-flah deal on Saturday at Kuala Lumpur following the second summit of Asean. At a press conference he said New Zealand wants a better and moreAP - 88 words
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Article33 1977-08-02 11 UPI KARACHI. Mon. Pakistan will purchase 20 more cargo ships under Its next five-year (1977-82) plan to expand Its 42frelghter fleet, the Federal Communication Secretary Shahnawas Khan said yesterday. UPI jUPI - 33 words
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Page 11 Advertisements
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Advertisement284 1977-08-02 11 EXPORT SALES MANAGER I A major company with food manufacturing and distribution facilities in Singapore, Malaysia and elsewhere seeks an Export Sales Manager to promote and develop sales to overseas markets. The successful applicant will be prepared to travel extensively. He will have experience in export procedures and the establish-284 words
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957 1977-08-02 12 TWO INTERNATIONAL credit card companies have joined battle to capture the growing market In Slnga'pore. The two Bank American! and American Express have embarked on an Intensive advertising campaign to put across to the public the merits of their respective cards. However,957 words
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Article138 1977-08-02 12 Reuter TOKYO, Mon. The World Bank will float a 30-bllllon-yen 15-year bond issue on the Japanese capital market between Aug 10-18, Dalwa Securities Co. said as lead manager of 30 Japanese underwriters. The bank will also make a 20-bllllon-yen seven-year bond Issue on theReuter - 138 words
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130 1977-08-02 12 SINGAPORE has signed an agreement with the Philippines for the avoidance of double taxation, according to the Finance Ministry, and details will be released after the agreement has been ratified. This will be the third such agreement concluded by Singapore with Asean countries; the other130 words
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Article766 1977-08-02 12 LONDON, Mon. Government bonds were a firm feature on expectations of a fall In Interest rates. Prospects of a sharp Increase In the UK official reserves and more trade union chiefs calling for moderation In pay demands were other factors to Influence sentiment, dealers said. Net gains ranged766 words
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Article91 1977-08-02 12 AFP WASHINOTON, Mon. Productivity dropped In the United States during the second quarter of this year following a big Improvement in the first quarter, the Department of Labour reported. During the second quarter, productivity expressed as an annual rate declined by 1.1 per cent after aAFP - 91 words
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557 1977-08-02 12 PROVISIONS for the licensing of Insurance brokers and agents will be Incorporated in new legislation which is now in the process of being considered, but it is not anticipated that licensing of agents will come into force in the near future. Speaking557 words
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Article158 1977-08-02 12 MR. LAWRENCE MAH, the managing director of Singapore Slipway and Engineering, has been assigned to other projects within the Keppel group of companies, a company spokesman announced here yesterday. He added that Mr. Chua Chor Teck, the managing director of the Keppel group, Is covering158 words
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449 1977-08-02 12 LOCAL ganM* maaufactursrs have all the aoosssary prsductioa expertise Is upgrade their products sad ■she higher viae added But aocordiag to Mr. Lain Thiaa, presiaeat ef the Singapore Garment Manufacturer!' Association, they most stcalsrato the pane ef each dovsisp Mr. Lam added that the449 words
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Article, Illustration379 1977-08-02 12 MR K. SAKURAJ. who has been a leading light with Jurong Shipyard for the last 14 years, la being moved up to a basically consultative role with the group. His post as joint managing director of the shipyard Is being taken by the current senior379 words
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Article413 1977-08-02 12 THE COURT of Appeal yesterday reserved Judgement In the appeal caseby Sunshine Securities of Singapore against a High Court Judgement ordering the firm to be wound up on the ground of ''insolvency." Also appealing In the case is Mrs. Angela Da we, wife of. Amos Da we,413 words
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629 1977-08-02 12 AUSTRALIAN Prime Minister Malcolm Fraser Is unlikely to offer Assan any new initiatives on the question of trade between the group and Australia. Informed sources say the Australian delegation has in hand a memorandum on Asean-Australlan trade which shows that while the Australians had629 words
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622 1977-08-02 12 AFP CANBERRA, Mon. The Australian government is faced with a highly sensitive political decision with the release today of an Industries Assistance Commission (lAC) report on the Australian textile, clothing and footwear Industries. The Commission's draft report recommends that the high costAFP - 622 words
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Article146 1977-08-02 12 AFP KUALA LUMPUR, Mon. The Malaysian Government will seek a loan from the World Bank to finance the MS4O3 million second phase of a major Irrigation scheme In northern Kedah and Perils. Disclosing this yesterday, the minister in the Prime Minister's Department, Tan Brl ChongAFP - 146 words
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Article150 1977-08-02 12 COMPANIES which normally put all miscellaneous payments under the general catch-all category of management fees have been told to consider putting them In more specific detail to avoid having to pay tax on what might be genuine tax deductible Items of expenditure. This150 words
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Article97 1977-08-02 12 Reuter KUALA LUMPUR, Mon. The Straits tin price In Penang rose MS24 per plcul to M 51,628, MS 128 above the International Tin Agreement celling, dealers said. They said the rise reflected demand from Japan, and also from the United States and Europe following lastReuter - 97 words
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Advertisement127 1977-08-02 12 ASEAN COUNTRIES INDUSTRIAL SEMINARS MACHINEASIA, the region's first production engineering trade show with 400 exhibitors from 20 countries is hosting a programme of high level seminars led at ministerial level by official delegations from all Asean countries. Subjects National industrial development plans National investment policies and'finance Joint manufacturing and licensing127 words
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