The Business Times, 10 August 1977

Microfilm: NL9344
Total Pages: 10
1 10 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, AUGUST 10, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon Bowater's plans
      54 1 AFP LONDON, Tues. Bowater of Britain announced plans to invest €51 million (*****.7 million) at its Calhoun, Tennessee, paper mill, increasing its capacity by one-fifth. The plant makes printing paper and the company has noted that consumption in the US southern states has been rising at five per
      AFP  -  54 words
    • Article
      Lock icon Series of grants
      53 1 AP TOKYO, Tues. Mr. Russel Madigan, chairman of the Australia-Japan Foundation, announced today a series of grants for travel, research and exchanges to promote understanding between Australia and Japan. He told reporters the grants were designed "to provide equal opportunities for both Japanese and Australians" to understand
      AP  -  53 words
    • Article
      Lock icon Sabah surplus
      51 1 Reuter KUALA LUMPUR, Tues. Sabah had a trade surplus of M 5411.1 in the first five months of 1977, up 144 per cent over the $168.7 million surplus in the same 1976 period, the Statistics Department said. Exports totalled $933.1 million ($604.5 million) and imports $522 million ($435.8
      Reuter  -  51 words
    • Article
      Lock icon Output higher
      53 1 Reuter SEOUL, Tues. South Korea's industrial production Index rose a seasonally adjusted 8.3 per cent to a provisional 433.3 (base 1970) in June over May, giving a 14.6 per cent increase over June 1976, the Government Economic Planning Board said. Unadjusted, the June rise over May was 7.4
      Reuter  -  53 words
    • Article
      Lock icon Barclay's bid
      68 1 Reuter SYDNEY, Tues. Barclays Bank International Ltd is discussing the acquisition of Citicorp's 50 per cent stake in finance company FNCB-Waltons Ltd. Citicorp, Barclays and Waltons Ltd said in a Joint statement. Waltons Ltd holds the other 50 per cent of FNCB-Waltons. The companies said press reports of
      Reuter  -  68 words
    • Article
      Lock icon Betong ops end
      76 1 Reuter BETONG, Tues. The month-long combined operations by some 10,000 Malaysian and Thai troops against an estimated 2,500 guerillas in Betong salient ended today. The southern Thailand military region commander, Lieutenant-General Pin Dhammasri, said the combined drive of the troops, supported by planes and artillery,, had helped
      Reuter  -  76 words
    • Article
      Lock icon Back to school
      58 1 AFP BRUSSELS, Tues. The Belgian official unemployment figure wllL-shortly plunge overnight when the government sends many of the jobless back to school, according to the newspaper Het Laatste Nieuws. The authorities hope to trim the jobless figure from 260,000 to 160,000 by switching people to further education,
      AFP  -  58 words
    • Article
      Lock icon Blow to forestry
      56 1 AFP TAIPEH, Tues. Forestry in northern Taiwan was the most seriously hit agricultural sector during the onslaught of Typhoon Vera on July 31, according to the Ministry of Economic Affairs. A spokesman said that losses exceeded Taiwan $20 million. Damage was done mostly to equipment for transporting
      AFP  -  56 words
    • Article
      Lock icon Reason to smile
      63 1 AFP BANGKOK, Tues. The minimum wage for workers in Bangkok and five neighbouring provinces will go up to 28 baht (552.50) per day In October, Interior Minister Samak Sunthornvej announced. The three-baht increase in workers' wages will come into effect at about the same time as the
      AFP  -  63 words
    • Article
      Lock icon China buys oil
      50 1 Reuter TEHERAN, Tues. A spokesman for the National Iranian Oil Company (NIOC) said today China was negotiating for the purchase of Iranian crude and an agreement was expected. The spokesman did not say how much oil China wished to buy, but said the quantity was "considerable." Reuter.
      Reuter  -  50 words
    • Article
      Lock icon Dow Jones
      102 1 UPI NEW YORK, Tues. Stocks headed lower early today amid investor concern about the Federal Reserve Board tightening credit to counter an inflationary growth in the nation's money supply. Trading was moderate. The Dow Jones industrial average, which suffered a 9.27-point loss yesterday that put it at a
      UPI  -  102 words
  • Chief Price Changes
    • Article
      In Kuala Lumpur
      167 1 TIN shares scored substantial gains in a generally steady market on the Kuala Lumpur Stock Exchange yesterday. The gains, which ranged up to 50 cents, easily dwarfed the marginal advances by the current speculative industrials. At the close, the Malaysian Business Times index rose 1.9 points to
      167 words
  • Article, Illustration
    PM's claim is no empty boast
    1329 1  -  ECONOMY WELL DIVERSIFIED »y JOHN TAN THE Prime Minister's claim in his eve of National Day broadcast that the Singapore economy Is well diversified is no idle boast. As Singapore enters her 13th year of Independence, the Republic can look back on an economy
    1,329 words
  • Article, Illustration
    Sime names new chief executive
    527 1 A FORMER managing _dlrector of Dunlop Malay"sian Industries Is to become the chief executive of Sime Darby Holdings. The appointment of Mr. James R. Scott, currently a director of Dunlop Holdings and until 1973 managing director of DMI, ends a five-month search for a chief
    527 words
  • Article
    Lock icon Tapline will be returned to US oil firms
    298 1 AP NICOBIA, Tues. Ownership of the 1,213 km TransArabian Pipeline (Tapline) will revert to four US oil companies when Saudi Arabia completes a takeover of the Arabian American Oil Company (Aramco), the Middle East Economic Survey reported yesterday. Aramco, which owns Tapline,
    AP  -  298 words
  • Article
    NZ project
    28 1 AUCKLAND, Tues. New Zealand Is to set up a multimillion dollar government company to prospect for oil and gas. Energy Minister Mr. George Oalr disclosed today.
    28 words
  • Article
    Lock icon Japanese refiners won't accept stranded sugar
    297 1 Reuter AP TOKYO, Tuet. Japanese sugar refiners withdrew an offer to take delivery of 45,000 tonnes of Australian raw sugar stranded in Yokohama Bay and said they might buy equivalent supplies from other countries, industry sources said. But the 33 refiners involved in a
    Reuter; AP  -  297 words
  • Article
    Lock icon HK textiles exports: 6pc growth proposed
    444 1 Reuter HONGKONG, Tues. The EEC special representative for textile negotiations, Mr. Tran Van Thlnh, said he will recommend that Hongkong's textile exports to the EEC be allowed to grow annually overall by six per cent. Mr. Tran told a press conference after two days
    Reuter  -  444 words
  • Article
    Lock icon Tokyo aids Vietnam for peace sake
    148 1 AFP MANILA, Tues. Prime Minister Takeo Fukuda told Asean leaders that the aid Japan was extending to Vietnam was aimed at keeping the peace in Southeast Asia, Philippine Foreign Secretary Carlos Romulo said today. Mr. Romulo said this was the reply Mr. Fukuda gave
    AFP  -  148 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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    • Advertisement
      Page 1 Advertisements Column 2
      79 1 SONY VIDEO SYSTEM HAAfIG With customary vision A and foresight Sony pioneered video equipment. Today, Sony is one ot the world's foremost manufacturers of integrated video equipment. Research and experiments are continuously carried out to bring you the most advanced and sophisticated video components, m i (iimi m Cf/WTyw DXC-1200P
      79 words
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      Page 1 Advertisements Column 3
      250 1 Gas hasgota o ew flame SEE BACK PAGE ='/!>*;,>}>=^.*!(~|]@%/\;-`!+=" I The Lexikon 90 combines the advantages of the golf ball and the ordinary typewriter Lexikon 90 offers you the best of the golfball and fixed typing point machines The new Olivetti Lexikon 90 is first electric typewriter that combines all
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  • OVERSEAS
    • Article
      Lock icon Export scheme needs drastic overhauling
      552 2 NYT WASHINGTON. Tues. The Federal Government's US$5O million-a-year (SSI22 million) export promotion programme is wasteful and ineffective and needs to be drastically overhauled, according to a House subcommittee report. The 48-page report, prepared by the House Commerce, consumer and monetary affairs subcommittee, found that the
      NYT  -  552 words
    • Article
      Lock icon All-out Labour drive to sway the workers
      429 2 AFP LONDON, Tues. The British Labour Government, backed by business leaders, this week begins a full-scale campaign to persuade the trade unions to keep wage claims down to 10 per cent in the course of the next 12 months. This campaign follows the
      AFP  -  429 words
    • Article
      Lock icon Owner to put up shutters over union recognition
      212 2 Reuter COVENTRY (England), Tues. Businessman Surinder Singh was, until last weekend, a member of the Community Party. Bat now he plana to cloee down his clothing factory niter conceding demands by hia worker* for union recognition. For aome time Mr. Singh and
      Reuter  -  212 words
    • Article
      Lock icon Opec to shift hq report denied
      154 2 AFP VIENNA, Tues! The Organisation of Petroleum Exporting Countries (Opec) yesterday denied a Swedish newspaper report that it planned to shift its headquarters from Vienna to Stockholm. The report In the Sunday Svenska Dagbladet was understood to have been Indirectly confirmed by a member
      AFP  -  154 words
    • Article
      Lock icon Taiwanese textiles
      73 2 AFP TAIPEH, Tues. Taiwan exported a total of 334 million sq metres or US$3B5 million (Ss94o million) worth of textiles to the United States, Canada and the European Common Market In the past seven months under quota systems. The China External Trade Development Council (CETDC) said Taiwan's annual
      AFP  -  73 words
    • Article
      Lock icon Concorde changes
      50 2 Reuter LONDON, Tues. All Anglo-French Concorde supersonic aircraft are to have their suspension systems modified, a spokeswoman for British Airways said here today. The changes, to be completed In about a month will Eve the plane smoother ndlng and take-off on bumpy runaways around the world, she added.
      Reuter  -  50 words
    • Article
      Lock icon Higher growth will cure Japanese woes
      611 2 AFP UPI TOKYO, Tues. Japan should seek relatively high economic growth to solve unemployment, corporate bankruptcy and other economic problems, a government White Paper said today. The fiscal 1977 White Paper on the economy, entitled "The Japanese economy steadily adapting Itself to the era
      AFP; UPI  -  611 words
    • Article
      Lock icon Factory prices down
      84 2 Reuter TOKYO, Tues. Japan's wholesale price Index fell 0.5 per cent In July to an unadjusted 168.3 (base 1970), following a 0.2 per cent fall In June, the Bank of Japan said. The index was 1!1 per cent higher than a year earlier, compared with a 2.6
      Reuter  -  84 words
    • Article
      Lock icon Housing starts up
      43 2 Reuter TOKYO, Tues. Japan's housing starts in June rose two per cent to a preliminary 119,000 from a downward revised 116,600 In May, and were up 3.8 per cent from 114,600 In June last year, the Construction Ministry said. Reuter.
      Reuter  -  43 words
    • Article
      Lock icon US court puts off enforcing ruling
      323 2 UPI WASHINGTON, Tues. Supreme Court Justice Thurgood Marshall has refused to allow immediate application of a regulation which commodities dealers who trade on the London exchanges claim would put them out of business. The regulation was In a comprehensive package issued by the Commodity
      UPI  -  323 words
    • Article
      Lock icon Central bank eases shortage
      151 2 Reuter LONDON, Tues. The Bank of England bought more than £250 million (SSI ,062 million) of Treasury bills, in addition to £50 million to £100 million of corporation bills and lent £100 million to £150 million overnight to four or five houses at minimum lending rate,
      Reuter  -  151 words
    • Article
      Lock icon Newcastle yard up
      130 2 AP SYDNEY, Tues.,- The state-run dockyard at Newcastle registered a profit of more than A 52.25 million (SS6 million) in the financial year ending March 31, compared to the previous years $1.97 million, the New South Wales Minister for Public Works, Mr. Jack Ferguson, said today. The
      AP  -  130 words
    • Article
      Lock icon EASING OF TRADE LAWS URGED
      214 2 AP MOSCOW, Tues. American businessmen and bankers are privately urging the Carter Administration and Congress to ease laws restricting trade with the Soviet Union, the Bovlet newspaper Pravda said today. Commentator Vladimir Bolshakov said, "The allegations of the opponent* of detente that it Is only
      AP  -  214 words
    • Article
      Lock icon Woodcock meets Li
      71 2 AFP HONGKONG, Tues. Chinese Vice Premier Li Hslen-nlen met Mr. Leonard Woodcock, new chief of the US Liaison Office In Peking, today, New China News Agency reported. Present on the occasion were Wang Hal-Jung, Vice Foreign Minister Lin Ping and Tang Wen-sheng. Director and Deputy Director of
      AFP  -  71 words
    • Article
      Lock icon India demands transfer of Coca Cola shares, knowhow
      498 2 NYT NEW DELHI. Tues. The Indian governmient has served notice on the Coca Cola Co. of the United States to transfer their "knowhow" and majority shares of their Indian unit to Indian shareholders or wind up operations in this country. Industries Minister
      NYT  -  498 words
    • Article
      Lock icon CRUCIAL MONTHS FOR STEEL
      173 2 UPI NEW YORK, Tues. The steel industry Is hoping shipments for August and September live up to expectations to avoid a body blow to profit margins, according to Iron Age magazine. The industry news weekly said advance orders indicate August shipments will show a modest rise,
      UPI  -  173 words
    • Article
      Lock icon Americans top list
      127 2 Reuter MANILA, Tues. Americans topped the list of foreign Investors In the Philippines during the first half of 1977, investing 68.3 million pesos (5522.6 million) or 34.5 per cent of total foreign equity In projects registered with the government's board of investments. Official figures released today showed
      Reuter  -  127 words
    • Article
      Lock icon Payments surplus estimated higher
      332 3 Reuter ROME, Tues. The Bank of Italy said it provisionally estimated Italy had an overall payments surplus calculated on a cash basis of 384 billion lire (551.05 billion) in June, up from earlier estimates of a 350 billion lire surplus. In May, Italy had an overall
      Reuter  -  332 words
    • Article
      Lock icon Schmidt in meeting with ministers
      93 3 Reuter BONN, Tues. West German chancellor Helmut Schmidt will meet leading ministers In Hamburg today to discuss economic and financial matters, a government spokesman said. The meeting, at which Mr. Schmidt will be Joined by Foreign Minister HansDietrich Genscher, Finance Minister Hans Apel, Economics Minister
      Reuter  -  93 words
    • Article
      Lock icon Members of Opec may revalue their petro-$
      294 3 AFP CARACAS, Tues. Members of Opec may consider revaluing their petrodollars before the end of next year, the Venezuelan information Ministry said yesterday. It said revaluation was favoured by the delegations of some Opec members during the recent meeting of a number of
      AFP  -  294 words
    • Article
      Lock icon Gloomy trade figures won't hit guilder
      174 3 Reuter AMSTERDAM, Tues. Holland's poor visible trade balance in the first five months of 1977 and gloomy forecasts for the rest of the year are not expected to have a major Impact on the guilder, foreign exchange dealers said. The Central Planning Office's most
      Reuter  -  174 words
    • Article
      Lock icon BONN GAVE MOST TO EEC FUNDS
      557 3 Reuter BRUSSELS, Tues. Of the nine member states of the European Economic Community, West Germany poured the most money into the organisation last year while Britain and Italy reaped the greatest benefits. Figures showing budget contributions on one hand and grants and loans made
      Reuter  -  557 words
    • Article
      Lock icon Kuwait, Nigeria may boost Witteveen fund
      491 3 FURTHER ONE BILLION SDRs Reuter PARIS, Tues. Kuwait and Nigeria may contribute up to a further one billion Special Drawing Rights between them to the International Monetary Fund's supplementary credit facility, monetary souices said. This would bring the total of the facility, named after
      Reuter  -  491 words
    • Article
      Lock icon US-Canada talks on route of gas pipeline
      750 3 NYT OTTAWA, Tues. Canada and the United States wll hold negotiations looking towards an early agreement on a pipeline to bring natural gas from northern Alaska, and eventually from the Canadian Artie as well, to American and Canadian consumers by the Alaska Highway
      NYT  -  750 words
    • Article
      Lock icon AVERAGE YIELD ON TREASURY BILLS
      152 3 Reuter WASHINGTON. Tues. Average effective yield on US Treasury bills fell to 5.353 per cent for the threemonth bills and 5.679 per cent for the six-month bills at the weekly auction, the Treasury said. The three-month yield was off from 5.424 per cent at the
      Reuter  -  152 words
    • Article
      Lock icon American economy still retains recession features
      287 3 Reuter NEW YORK. Tues. After more than two years of cyclical growth, the US economy retain* recessionary features, Morgan Guaranty Trust said. The latest survey by the bank's economists said that on the negative side are the softness in retail sales data over the
      Reuter  -  287 words
    • Article
      Lock icon Rate cut
      33 3 Reuter LONDON, Tues. Standard Chartered Bank Ltd cut Its UK base lending rate to eight from 8.5 per cent, effective today, while leaving its deposits rate unchanged at four per cent.
      Reuter  -  33 words
    • Article
      Lock icon Schlesinger's move to raise taxes
      354 3 Reuter WASHINGTON. Tues. US Secretary of Energy James Schlesinger asked the Senate to increase energy use taxes in the Energy BUI passed last Friday by the House. Mr. Schlesinger told the Senate Finance Committee the Administration wants higher taxes on the use of oil and
      Reuter  -  354 words
    • Article
      Lock icon UK wholesale prices rise
      340 3 Reuter LONDON, Tues. UK wholesale prices rose 1 per cent in July following a one per cent June advance and were again 21 per cent higher over the year-ago period, provisional industry department figures show. The input prices of raw materials and fuels bought by manufacturing
      Reuter  -  340 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      536 2 F SCOTT FITZGERALD PC t^cm o This months new Penguins The Last Tycoon: F. Scott Fitzgerald Exhausted by Hollywood hackwork, Fitzgerald died before he could complete the book that many people regard as his masterpiece. His bittersweet novel of Hollywood in the thirties is now a Paramount film due to
      536 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      275 2 WEATHER report for 24 hours prior to 7.30 p.m. on Aug 9 at Singapore airport. Maximum Temperature 29.5° C Associated Humidity 74 Minimum Temperature 24.4° C Associated Humidity 93 Hours of Sunshine 1.40 Rainfall in Millimeters 5.8 Rainfall for the Month 57.5 Total Rainy Days for the Month 5 SINGAPORE
      275 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      253 3 V i|!» <* > **itro !fe sSsl^ rt t iw 11 uHI 'in i v* M 5* <&r 4-» ap Sk 1 I Tl <L jSk, <; H- m\ w ?557: SST-:— <*» i, UM Ul nnn 09 U J m I ># '*£> V The Biggest Difference Is In
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      616 3 CROSSWORD CRYPTIC PUZZLE ACROSS 1 Specially attractive vegetable (6) 7 A start by players offstage (8) 8 Fibber In the back bar (4) 10 Twice this number! (6) 11 Running master, possibly (6) 14 Born to make Mac a star (3) 16 He has to get out of the road
      616 words
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  • Article, Illustration
    Lock icon ANYTHING THAT MOVES – INSURE IT
    897 4  - ANYTHING THAT MOVES INSURE IT There is an tm of the insurance business which specialises in underwriting the most biiarre and improbable of eventualities. Almost anything that moves whether it is a film star's legs, or a killer whale in captivity can be insured at a price. i ROBERT McDONALD
    FT  -  897 words
  • Article
    Lock icon Environment protectors and the power balance in France
    810 4  -  By JONATHAN KANDELL NYT PARIS: It Is rare In postwar Europe that a movement with wide political and economic Impact attempts to accomplish its alms while remaining aloof to ties with established political parties and ideologies. But the environmentalists In France, West
    NYT  -  810 words
  • Article
    Lock icon Burden of the right to know
    1644 4  -  By WARREN WEAVER JR NYT WASHINGTON: In the 10 years since It became law, the Freedom of Information Act has provided a powerful lever through which the news media and private citizens have successfully pried hitherto secret facts and figures out of a reluctant
    NYT  -  1,644 words
  • Article, Illustration
    Lock icon Kenya sows the seeds of prosperity
    826 4  -  The farmers of Kenya's Eicon Downs live and breathe hybrids maize, barley and wheat. Living in the shadow of a "benevolent rain god", they have enabled Kenya to become Black Africa's only self-supporting nation in staple foods. I By JOHN WORRALL FT NAIROBI: Kenya
    FT  -  826 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      240 4 rr 3 r 2 4 > THEHAMLYN PICTORIAL ATLAS OF THE WORLD A modern and comprehensive atlas has necome indispensable both to students of geography and to general readers who want to understand the new economic and political shape of the world. Here, for the first time, a concise fascinating
      240 words
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  • COMPANY NEWS
    • Article, Illustration
      Murata's figures are its best yet
      711 5 AFTER reporting record earnings and sales for the year ended March 20,1977 "the greatest figure of sales and after-tax profits since the founding of the company's Murata Manufacturing of Japan has taken a guarded view of Its prospects in the current year. According to
      711 words
    • Article
      DIVIDENDS ANNOUNCED
      247 5 Current Ex Date Total for Total for payment Date payable the year previous year Oriental Holding! 9% July 20 Aug 10 15% 15% B. Sembawang 20% July 28 Aug 15 20% 20% Riverview Rubber 6%I July 27 Aug 15 11%I 10%a Sanyo Industries 12%TE July 20 Aug 16
      247 words
    • Article
      Call for trademark to identify natural rubber
      634 5 KUALA LUMPUR, Tues. Natural rubber producers should think of launching some natural rubber trademark which would identify the product in the minds of the public, says the latest issue of Rubber Developments, the Journal of the Malaysian Rubber Producers Research Association. Although the
      634 words
    • Article
      Lock icon Second half jump at Letraset
      205 5 FT LONDON, Tues. Second half pre-tax profit of Letraset International, the art materials group, Jumped from £2.74 million to £3.65 million to finish the year ended April 30, 1977 up 50 per cent to a record £6.52 million. The directors say the results confirm the
      FT  -  205 words
    • Article
      Lock icon Woodside plugs Scott Reef well
      168 5 Reuter MELBOURNE, Tues. Woodside Petroleum said the Scott Reef Two-A well, offshore Western Australia, was plugged and abandoned today at 4,820 metres. Six formation Interval tests run in the last week recovered small quantities of gas In three of them and confirmed the presence of
      Reuter  -  168 words
    • LATEST RESULTS
      • Article
        BATA (MALAYSIA)
        39 5 Unaudited pre-tax profit Mi 1.96 million ($l.Bl million) on sales $24.33 million (121.1 million) for the first half-year ended June 30. 1977. Interim dividend six per cent (same) payable Oct 10 to shareholders registered on Sept. 13.
        39 words
    • COMPANY MEETINGS
  • Article
    TINS SCORE GOOD GAINS ON KLSE
    448 5 TIN shares scored substantial gains In a generally steady market on the Kuala Lumpur Stock Exchange yesterday. Though Interest centred on Supreme Corporation, which recorded the day's highest 'volume of 399,000 shares, the sector as a whole attracted strong support as reflected in the
    448 words
  • Article
    Unit trusts
    161 5 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' price for Aug (Currsat pi riess) The Commerce 171 1.81 INCOME BOND 1.07 1.13 The Saving Fund 0 99 1 04 MARA BUMIPUTRA FUND S pore Prog Fund 0 85 0 90 (Managers' priees for A us 19) S pore Security
    161 words
  • Article
    Transactions in K L
    1662 5 810 and offer prices officially luted 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 Ajlnemete (1.988 1.008) 2.00. Alwm (1.9 M). A. CUM (0.978
    1,662 words
  • Page 5 Advertisements
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      88 5 Copies Sold 24,000 23,000 22,000 21,000 20,000 19,000 18,000 17,000 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 (six issues) and
      88 words
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  • Article
    Lock icon Phelps reaches tentative accord with strikers
    310 6 NORTH AMERICAN COMPANIES Reuter PHELPS DODGE CORP has reached tentative agreement with striking workers at Its domestic copper producing facilities, assistant vice-president M.P. Scanlon said. The agreement, which contains an 85 US cents wage package similar to those reached at other copper producers, Is
    Reuter  -  310 words
  • Article
    Lock icon Bank deposits rise to US$622b
    232 6 Reuter TOTAL deposits of the 300 largest commercial banks in the US rose 9.9 per cent to US$622 billion In the year ended June 30 from $566.2 billion, the American Banker publication said. This Included a 2.4 per cent rise from $607.5 billion at Dec
    Reuter  -  232 words
  • Article
    Lock icon EMI sues Pfizer
    67 6 Reuter EMI said it sued Pflser and its subsidiary Pflser Medical Systems, alleging Infringement of six x-ray scanner patents. EMI has asked the U8 district court in Wilmington, Delaware to stop Pflser using patented Inventions in its Acta system and to award damages for past infringements. EMI
    Reuter  -  67 words
  • Article
    Lock icon CP may improve
    70 6 Reuter CANADIAN PACIFIC said some Improvement is expected during the last half or 1977 over the same period of 1976 in Income from CP Investments and CP Air but this could be offset by decreases In other major sectors. The company attributed higher first half earnings to
    Reuter  -  70 words
  • Article
    Lock icon Foothills Pipe Lines
    44 6 Reuter FOOTHILLB Pipe Lines (Yukon) said It reached agreement with Transcanada Pipelines for Trans Canada's participation In the Alaska highway pipeline project. Transcanada will own 49 per cent of the Saskatchewan section and Foothills (Yukon) 51 per cent, the company said.
    Reuter  -  44 words
  • Article
    Lock icon Q. Hydro
    36 6 Reuter THE 200 million mark 6.5 per cent 10-year Eurobond for Quebec Hydro was priced at 100.50 per cent to yield 6.43 per cent, a spokesman for issue manager Westdeutsche Landesbank Glrozentrale said. Reuter.
    Reuter  -  36 words
  • Article
    Lock icon Automated tellers' winning ways
    874 6 NYT NEW YORK, Tues. Tlllle Tallulah, Buttons and George, Ginny, Pat, Buddy and Sam form a strange breed. The whole crowd are automated tellers. In increasing numbers these banking machines accept deposits, dispense cash, move funds from one account to another and tell you your balance.
    NYT  -  874 words
  • Article
    GTE
    32 6 GENERAL Telephone and Electronics has raised Its quarterly dividend to U856 cents from SO cents. The dividend will be paid on Oct 1 to stockholders on Its record by Aug 22.
    32 words
  • Article
    Lock icon Thorn board hopes to raise dividend
    218 6 UK COMPANIES Reuter THORN ELECTRICAL INDUBTRIEB chairman 81r Richard Cave said the board hopes to Increase dividends as soon as the opportunity arises. This year's dividend is more than five times covered by profit and the UK cash position would Esrmlt a higher payment.
    Reuter  -  218 words
  • Article
    Lock icon Charter offer for MK
    62 6 Reuter CHARTER CONSOLIDATED said Its 30p per share cash offer for MK Refrigeration Is unconditional following acceptances for 38.8 million or 91.3 per cent of MK ordinary shares. The offer remains open until further notice and In due course Charter will apply under the Companies Act
    Reuter  -  62 words
  • Article
    Lock icon Two-fold rise at C. Union
    232 6 Reuter PRE-TAX profit at Commercial Union Assurance rose more than two-fold from £17 million to £38.2 million In the first six months ended June 30, 1977. This constitutes earnings per share of 7.24p compared with 3.05p previously. Commercial Union has proposed an Interim dividend of
    Reuter  -  232 words
  • Article
    Lock icon Texaco appraisal well
    90 6 Reuter TEXACO North Sea UK said an appraisal well 15/234B in the North Sea flowed at a rate of 2,850 barrels per day, through restricted chokes. This Is the third successful well in the northern half of block 15/23 for which Texaco is sole licensee. The And
    Reuter  -  90 words
  • Article
    Lock icon Call to boycott Leyland talks
    194 6 Reuter A MEETING of 3,000 British Leyland toolroom workers called on their leaders to boycott further meetings of the union/ management working party on wages In protest at the lack of progress being made to settle their grievances, informed Industry sources said. The toolmakers passed
    Reuter  -  194 words
  • Article
    Lock icon Delmas' costly slip on La Mixte bid
    1865 6 FT PARIS, Tuet. Dtlmaft» Vleljeux has always looked typical of the thousands of medium-sized family companies In France which, If they hit the headlines at all, usually do so because a cash crisis has sparked off the hunt for a benefactor who will
    FT  -  1,865 words
  • Article
    Lock icon Strike enters second week
    95 6 Reuter LIMA, Tues. A strike by some 2,000 miners at the U8 Southern Peru Copper Corp's Toquepala copper mine which has been declared illegal, entered its second week despite government threats of more dismissals, Industry sources said. Miners are demanding the reinstatement of 31 union leaders
    Reuter  -  95 words
  • Article
    Lock icon Palabora expects production loss
    99 6 Reuter JOHANNESBURG, Tues. Palabora Mining said It has taken two copper mills out of service for repairs and this Is expected to cause a production loss of about 5,000 tonnes of copper. The company said It expects the mills to resume production In mid-Sep-tember. but noted
    Reuter  -  99 words
  • Article
    Lock icon Beirut exchange re-opens
    49 6 Reuter BEIRUT,Tues The Beirut stock exchange will resume normal activities on Sept 6, the official Lebanese news agency said. The stock exchange will have temporary offices pending reconstruction of its former damaged premises. The stock exchange closed In 1975 because of heavy fighting In the city.
    Reuter  -  49 words
  • Article
    Lock icon CAI to assess shares
    108 6 Reuter SYDNEY, Tues. Coal and Allied Industries said Its board will obtain an Independent assessment of the value of the company's shares following the Joint takeover bid by Howard Smith and Conzlnc Rlotlnto of Australia. The bidders are offering A 53.30 cash a share for the
    Reuter  -  108 words
  • Article
    Union Bank
    22 6 HONGKONG, Tues. Union Bank of Hongkong has declared an unchanged interim dividend of HK 10 cents payable on Sept 5.
    22 words
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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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  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      384 7 HONGKONG: The market closed firmer due to overseas buying of blue chips, In moderately active trading, dealers said on Tuesday. The Hang Beng Index rate 4.39 point* to cKMe at 425.82. HiMtwi Dock and Hatckiaoa rose 90 cento and five cento to $11.20 and 13.275 respectively, on active buying
      384 words
    • Article
      Tokyo
      477 7 TOKYO: Share prices eased after a firm start with populars and blue chips losing ground, dealers said on Tuesday. The Dow Jones average lost 9.45 to close at 5,000.04 with volume 200 million shares. The New Index closed at 375.72, down 0.83. Export-orientated electrlcals, motors and precision Instruments declined
      477 words
    • Article
      Sydney
      453 7 SYDNEY? The market was generally lower, on Tuesday, although insurances rose on expectations they will benefit from next week's Federal Budget, dealers said. The Sydney All-Ordlnarles Index cloeed 1.32 points lower at 434.17. Banks were easier, with the Beak of NSW losing eight cento to $4.98 and the National
      453 words
    • Article
      Manila
      157 7 MANILA: The market closed markedly lover on Tuesday, although commercials were steady, dealers said. Turnover fell to 2.78 million pesos from Monday's 4.83 million. Atlas and Marinduque slipped four points each and Philex two points, following lower copper prices abroad, while In oils, Oriental and Seaftant lost two points
      157 words
    • Article
      Bangkok
      102 7 AUG M Bahts Asia Fibre Bangkok Bank Bangkok Invest. Bangkok-Metro-politan Bank Bata BerllJucker CharoongThal Wire Dumex DusltThanl Faber Merlin First Trust Indo-Thal Industrial Finance Corp J And J Ho Jalaprathan Cement Kamasuta LeeKwangMln Metal Box Rama Tower* Safety Insurance Saha Union SermSuk Slam Cement Slam City Cement Slam Commercial
      102 words
    • Article
      Amsterdam
      220 7 AMSTERDAM: The market was very steady in quiet conditions on Monday. Dutch internationals were unchanged on balance. Elsewhere Insurances were unchanged to firmer while trading and Industrial stocks firmed slightly. IMmlm row 2.20 guilders. Transports were mixed. Banks fell. State loans were very steady. AUG Fto Ahold Akzo Algbank
      220 words
    • Article
      Brussels
      158 7 BRUSBELS: The market was mixed In thin trading, dealers said on Monday. Local issues to rise Included Soivay, Electrofina, FN, CockerUi, Union Minim, UCB, Cometra, Tabacoflna and GB-LNNO-BM. Sofina, Cobepq, Unerg, Aiturienne, Vieille Montagne and Hainaut-Sambre fell. Oold mines were slightly higher. U8 and French Issues were firm and
      158 words
    • Article
      Frankfurt
      298 7 FRANKFURT: Shares closed generally firmer, bourse sources said on Monday. Among electrlcals Sioaeas gained four marks while engineerings advanced by up to 2.50 and stores at most by 4 50 Motors were up to 2.50 higher. Recent banking sector rises slackened with am in and Dmrtsdke making modest gains
      298 words
    • Article
      Milan
      168 7 MILAN: The market closed generally higher on Monday in routine trading on renewed buyer Interest Influenced by local company news, Prime Minister Andreottl's visit to Saudi Arabia and the recent slower Inflation trend, dealers said. Flat, both Pirelli and Olivetti issues, Snia Viacoaa and Anic were among leading industrials
      168 words
    • Article
      Paris
      313 7 PARIS: The market was firmer, and stores and oils were the only sectors not to share In the general advance, being mixed and weaker respectively, dealers said on Monday. In foreign stocks Americans gained, while Oermans were marginally weaker. International oils were narrowly mixed and coppers steady. AUG 08
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    • Article
      Zurich
      230 7 ZURICH: The market continued very steady In federally light turnover on Mondaj. Sentiment was aided by a falling Interest rate trend and a firmer dollar. SwiaMlr rose on good buying support. Banks, flnandals ana Insurances ruled very steady with Oerllkoa-Buekrl* bearer gaining ground and Its registered stock closing barely
      230 words
    • Article
      Jo'burg
      342 7 JOHANNESBURG: Gold shares continued very steady on higher bullion Indications and US Interest In low volume trading, dealers said on Monday. Heavyweights gained up to 50 cents and lightweights by up to 15 cents. Financial minings were very quiet. In metals and minerals Samaneor traded off the top at
      342 words
    • Article
      Toronto
      320 7 TORONTO: The market closed broadly lower In light trading on Monday. The composite Index was off more than 4-1/2 points and declines led advances 197 to 170. N«oms International gained 29 cents to $2.79 on 20,000 shares. It plans to amalgamate with a company to be Incorporated by Its
      320 words
    • Article
      New York
      1004 7 NEW YORK: Btock prices finished broadly lower In one of the year's slowest sessions on Monday. Analysts blamed the downturn mostly on expectations of further action by the Federal It mm to push Interest rates higher In an effort to curb money supply growth. TIM market was also
      1,004 words
    • Article
      CHICAGO BOARD OPTIONS
      1542 7 On August 8 TRADING on the Chicago Board Options Exchange came to 57, 584 contracts on Monday compared with 63,721 contracts on Friday. OPTION OCT JAN APL 8TOCK Alcoa SO 1 1/1 1 1/1 a a/4 40 1/0 Alcoa •0 UNTRD 1/10 11/10 40 1/0 Am Exp
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    • Article
      Indices
      61 7 FINANCIAL TIMES INDUSTRIALS Monday 481.6 Friday 470.2 Week Ago 446.3 DOW JONES AVERAGE INDUSTRIALS Monday 879.42 Friday 888.69 Week Ago 891.81 LONDON DOLLAR PREMIUM Monday 106* to 105* Friday 108 to 108H H.K. HANG SENG Monday 421.43 Friday 416.79 Week Ago cloeed SYDNEY INDUSTRIALS Monday 364.42 Trtday 366.82 Week
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      442 7 BUSINESS TIMES Airline Directory Aoroftot Soviet Airtin** 110-112 Shaw Contra, Orchard Road. Singoporo 9 (Tal: 377.111) Air Caylon 302-1, 3rd Floor, Marina Homo C|kAa|4jka| Wjm (IItAAAIMA /1 wimiiwll »»VT| VI/ (Tal: ***** M) Air Franca Ground. Floor, ICB Building, Shan ton Way Singapore 1 (Tal: *****11) 14th Floor, UIC tuildirvfl,
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  • COMMODITY REPORTS AND PRICES
    • Article
      FOREIGN RUBBER MARTS
      295 8 KUALA LUMPUR, Tues. The Malaysian rubber market ruled very quiet and dull during the morning after a fractionally lower opening. Trading was at a slow pace as there was no particular feature from overseas. However, some light liquidation emerged latterly, causing prices to sag 0.75 cent from
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    • Article
      Closing prices
      23 8 Rubber: Aug 9 Malaysia: August 194.75 cents (down 0.25 cent) Tin: $1,645 (up 15) Official offering: 207 tonnes (down 17 tonnes)
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    • Article
      M.R.E.L.B. PRICES
      147 8 Prices tn cents per kilo yesterday (yarUia) Int. 1 R.S.S prompt f.o.b. Buyers SelWr* Buyer* Seller* 193 00 194.00N 193.25 194.2SN Int. 1 R.S.S September 194.50 195.00 194.75 195.25 Int. 1 R.S.S. October 194 SO 197.00 1M.75 197.25 Int. 2R.S.8 193.50 194 50N 193.50 194.SON UK/Cont 192.50 193.SON
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    • Article
      SMR PRICES
      73 8 NOON SMR prices yesterday s** (Cam ■tlftk) October (Forward Mtk) Buveri Mln Buyer Seller* Icnti iperkf) (CM ita par kg) SMR5CV (l-ton pallet) 212.50 214.SON 212.50 214.SON SMR 5L (1-ton pallet) 210.00 212.00N 210.00 212.00N SMR 5 (l-ton pallet) 192.50 194.SON 192.50 194.SON SMR 10 (1-ton pallet) 191
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    • Article
      Palm oil
      69 8 C.I.F. Rotterdam. US dollars per ton. LONDON: Monday Previous <■ Malaysia 5% Ma bulk: Sept Sumatra 5*: Au« Sept Oct Nov Dec Nigerian b% ffa bulk ROTTERDAM: 515 sir 562.50 sir 510 qtd 480 qtd 475 qtd 485 sir unq 515 sir 562.50 sir 517.50 qtd 490 qtd
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    • Article
      Produce exchange
      133 8 LONDON, Tues. In London on Monday, the following pepper closing prices were quoted: (Per lone ton df European pom delivered weight) Sarawak White FAQ: Spot £1.100 sir, Afloat (per tonne) OfIMJTS tlr, July/ Aug (per tonne) U852.T75 sir Sarawak Mack Special: Spot £1.900 sir, Afloat (per tonne) U8*2,225
      133 words
    • Article
      Coffee
      292 8 LONDON, Tues. Futures ended a relatively quiet opening call £80 to £39 down from yesterday. 282 lots were traded and the tone was about steady. Liquidation of both the two near months continued and found willing buyers on the decline. September traded down from a high of £2,600 to
      292 words
    • Article
      Sugar
      239 8 LONDON, Tues. Terminal opened £0.35 higher to £0.10 per tonne lower than yesterday afternoon's close. Sales totalled 280 lots. The market was very quiet and the only news reported by trade sources was an operator sale to a US refiner yesterday of raw sugar on a elf basis of
      239 words
    • Article
      Cocoa
      175 8 LONDON. Tues. Terminal cocoa established opening call gains against New York of £9 (near September at £2,729) to £30 per tonne with end-call prices closing modestly down from the highs. Dealers said there was no fresh background news in fundamentals. The rise represented a further technical correction after recent
      175 words
    • Article
      Gold
      276 8 HONOKONO. Tues. Gold rose HKSISO at the close to $812.30 per tael, while the International gold price closed at U*****.00-146.40 an ounce against yesterday's U*****.00-146.30, bullion dealers said. The market opened slightly higher and then became steady, with traders reporting a general lack of Interest. Prices moved between $813.50
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    • Article
      Copper
      335 8 LONDON, Tues. Copper finished the morning with losses of mostly £1.50 per tonne. Values were steady on the early pre-market under small-scale covering which several dealers attributed to the encouraging performance on the stock exchange. Three Months traded at £695 per tonne but subsequently sagged under hedge selling to
      335 words
    • Article
      Lead
      87 8 LONDON, Tues. Lead closed unchanged from previous closing ring levels. Early covering support prompted by the tone In copper took Three Months briefly up to £326 per tonne on the pre-market, dealers said. Profit-taking pared the position to £324.50 In the ring but Influential nearby support and reports of
      87 words
    • Article
      Zinc
      80 8 LONDON. Tues. Zinc closed the morning with losses of £3.75 per tonne for cash and £3.25 for Three Months. After early pre-market business up to £313 for Three Months, values softened under hedge selling coupled with some chartist and stoploss orders which took the position down to £306 In
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    • Article
      Hongkong comex
      315 8 HONGKONG, Tues. The cotton futures market closed higher but below the day's highs, In fairly quiet trading, dealers said. Traders were hesitant on uncertainty ahead of Thursday's US Department of Agriculture production estimate for the new 1977 season, they said. October was untraded on lack of selling Interest,
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    • Article
      Rice
      210 8 BANGKOK, Tues. Indicative prices quoted here were: (US dollars per tonne fob basis Bangkok) White Rice; 100 per cent Ist class 308, 100 per cent 2nd 292. 100 per cent 3rd 288.1 per cent 277,10 per cent 253, 15 per cent 250. 20 per cent 247, 25 per cent
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    • Article
      Soybeans
      280 8 CHICAGO, Tues. Soybean futures fell sharply in early trading, coming within the limit losses in most months before moving off the lows. After a hour of trade, prices were of f22 H to 24 H cents a bushel. Active selling followed the heavy thunderstorms across the midwest over the
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    • Article
      Wheat
      145 8 CHICAOO. Tues. Wheat futures eased in early trading, following the declines In soybean and corn futures. Price movement was confined to a narrow range in the light, mixed trade, however, and losses ranged from two to three cents a bushel after the first hour. Traders said the market was
      145 words
    • Article
      Straits tin market
      239 8 PENANO, Tues. The Straits tin price today was up Mss to $1.645 per plcul on an official offering down 17 tonnes to 207 tonnes. Increased speculative and consumer demand, particularly from Japan, aided the market, dealers said. In LONDON, tin registered gains of £30 for cash and
      239 words
    • Article
      Silver
      221 8 LONDON, Tues. Silver finished with gains of 2.3 to 1.8 pence. Values were marked up In the early premarket, reflecting overnight gains In New York and firmness In gold this morning, dealers said. Subsequently the market drifted back a little through lack of trading Interest with only 12 lots
      221 words
    • Article
      Poor nations' share of agricultural exports rises
      711 8 ROME, Tues. Developing countries ended a longterm downward trend by Increasing their share of world agricultural export earnings In 1976, the Food and Agriculture Organisation of the United Nations reported yesterday In Its annual Commodity Review and Outlook, 1976-77. The volume of world
      711 words
    • Article
      More funds to finance cotton sales
      160 8 WASHINGTON, Tues. The US Department of Agriculture has decided to Increase the money available for the financing of US cotton sales abroad to promote exports of the sought-after fibre. Monday's announcement said the department had not yet decided how large the expanded fund will
      160 words
    • Article
      Producer copper prices to be cut further?
      211 8 NEW YORK, Tues. Speculation over a further cut In producer copper prices has intensified in the last few days as comex copper values have sunk lower, trade sources said. With the recent weakness in comex, dealers are now charging about nine cents less
      211 words
  • MONEY AND EXCHANGES
    • Article
      New York
      220 8 NEW YORK, Tues. The dollar closed stronger yesterday after an active day as operators switched short dollar positions taken ahead of the weekend, dealers said. Many operators had moved into stronger European currencies in anticipation of some form of currency realignment emerging as an aside at the IMF
      220 words
    • Article
      Hongkong
      173 8 HONGKONG, Tues. The US dollar eased from its firm New York closing rates against European currencies and the yen but rose against the Hongkong dollar in active but thin trading, with Singapore closed today, dealers said. The US unit was quoted at a late 2.3120/30 marks after European markets
      173 words
    • Article
      Euro $ rates
      186 8 Euro rates LONDON, Tues. Shortdate Eurodollar deposits tended easier In early dealings after opening little changed while periods opened steady and traded unchanged, with trading slightly more active than yesterday but still fairly quiet overall, dealers said. Day-to-day rates were occasionally 1/16 easier from openings following the easier Fed funds
      186 words
    • Article
      Frankfurt
      36 8 FRANKFURT exchanges opening quotes on Aug 9: US 2 3095/IOS UK 4 012/02 Nrth 94 55/05 swiu9sto/woo iu" 2«is>B» France 4? 22/32 Nor* 43 80/70 Belf (com) SIS/529 Bpif < fin) 51/53 Japan 0 8685 95
      36 words
    • Article
      London
      264 8 LONDON, Tues. The dollar eased at the opening to around 2.3095/3105 marks from its overnight 2.3125/35 but later firmed to around 2.3115/25, dealers said. Dealers said there appears to be no definite trend at present with some sectors of the market reassured by the weekend comments from the German
      264 words
    • Article
      Tokyo
      84 8 TOKYO, Tues. The US dollar for overnight delivery closed at 265.90 yen in moderate trading after opening higher at 266.20, compared with 265.75 at yesterday's close, dealers said. Dollars for immediate delivery closed at 265.95 yen compared with 236.00 at the opening and 265.90 at yesterday's close. Combined spot
      84 words
    • Article
      Australia/NZ
      49 8 AUSTRALIA/NZ exchanges on Aug 9: Australia Sterling 0 6391/0.6321 US dollar 1.1007/1.1019 Ninety-day air mall burin* rates' Bterllng 0.6571 US dollar 1.1320 s.!Z£^£J2r wmr<l bu J rin rate Sterling 0.6372 U8 dollar ***** New Zealand: Sterling 0.5607/0.5556 US dollar 0.9753/.9053 Ninety-day forward rate: BlCfltnc 0.3743 U8 dollar 0.9902
      49 words
    • Article
      Zurich
      55 8 ZURICH exchanges closing quoted on Aug 8: U8 2.4113-4123 UK 4 1000-1915 Can 2 2455-2475 W Oerm 104.21-31 Neth 90 SOOl Franc® 49 Belg 8 78V.-78 s Denm 40 13-16 Norw 45 70-74 8 wed 55 0105 Italy 0 2734-2737 Austria 14.66-60 Port 6.24-27 Spain 2 04 < >-05
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    • Article
      Eurobonds
      305 8 LONDON, Tues. Trading in Eurobonds continued quiet but straight US bonds were 1/8 to 1/4 harder where changed, dealers said. US convertibles had an easier undertone, reflecting lower common stock values while Japanese held quietly steady. Straights BM Austria 8% BO 101% Bell Canada 8% 86 104% BFCE 8%
      305 words
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      Page 8 Advertisements Column 1
      130 8 Don't let the language barrier stop you from wider contacts r iPZ t I 1 V 1 e vN S ol I- w- e £sss-. \e^ br YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere and any time that suits you. Possess ing
      130 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Volkswagen out to change its 'ugly' image
      386 9 AP ENOLEWOOD CLIFFS (New Jersey), Tues. It's the second coming of Volkswagen. The company that saturated America with the "it's ugly but it gets you there" Beetle has switched its advertising gears in hopes of recapturing its lead In the foreign car market.
      AP  -  386 words
    • Article
      Lock icon Imports take record share of UK car mart
      244 9 Reuter LONDON, Tues. Imported cars took a record 42.8 per cent of Britain's market In the first seven months of this year, the Society of Motor Manufacturers and Traders (SMMT) announced today. The share, equal to 325,865 sales, compared with 35.2 per
      Reuter  -  244 words
    • Article
      JAPANESE FIRM CONSOLIDATES ITS SHIPYARDS
      518 9 IN view of the depression in shipbuilding, one of Japan's major firms in the Industry has begun consolidating Its shipyards and strengthening the land machinery aspect of Its work. Hitachi Zosen President Takao Nagata, reporting on his company's performance in the financial year ending on
      518 words
    • Article
      Lock icon Mirror man appointed editor of Express
      369 9 AP LONDON, Tues. Derek Jameson, managing editor of London's Daily Mirror newspaper, was appointed editor of the rival Dally Express last night. This was the first major appointment since the Express was taken over from Beaverbrook Enterprises five weeks ago by Trafalgar House, a
      AP  -  369 words
    • Article
      Lock icon Adams: Port Authority must be impartial
      237 9 AFP NEW YORK. Tues. U8 federal Transportation Secretary Brock Adams has reaffirmed that the Port of New York Authority must avoid any discrimination In its application of rules for the Anglo-French supersonic airliner Concorde. In an Interview published yesterday with the weekly magazine, U8
      AFP  -  237 words
    • Article
      Lock icon Filsov plans
      25 9 Reuter MANILA, Tues. Fllsov Shipping Co Inc, a FlllplnoSovlet joint venture, t> to buy Soviet vessels under a lease-purchase contract, informed sources sakl.
      Reuter  -  25 words
    • Article
      Lock icon MPs fly in to end air strike
      303 9 UPI OTTAWA, Tues. Members of Parliament flew in by military planes to begin work on legislation the Government wants in order to force 2,200 striking air traffic controllers back to work, possibly as early as tonight, and get Canada's airlines flying full service
      UPI  -  303 words
    • Article
      Lock icon Delay cleared
      91 9 Reuter PLAINS, (Georgia), Tues. President Carter signed legislation delaying stricter emission standards for cars until 1080 models, but said the new timetable will be strictly enforced. The new law, known as the Clean Air Act, was a compromise allowing the Industry to produce 1978 and 1979 model year
      Reuter  -  91 words
    • Article
      Far East freights
      397 9 A SURPRISING feature surfaced when Japanese charterer paid USBO cents per dwt for "Olga Topic" 64,024 dwt bulker for trip t/c from Japan to Europe. In view of the weakening situation, this fixing showed an upturn in rate paid. For Chinese charterers, though still in demand for
      397 words
    • Article, Illustration
      IN PORT
      376 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Seroja (0530 hauls) 37/38 Centaur (1330 46 Chris tain Maersk (after Bunga Seroja sails) 38/39 Eastern Alpha (SMYJ) (after Kota Slngapura) (Draft 9.5 m) 10/11 Golden Eagle (1500 23 Hong Shan (BOLC) (1500 after Orchard Gold) 40/41 King Tower (0600) 22 Priam
      376 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      586 9 ARRIVALS. DEPARTURES Serrk Operator Numb m Local m Time Fran Serrice Operator Number Loral Time For TMA TL304B MAS MH682 PAN PAM7 CPA CX710 OIA OA960 THAI T0423 SIA SQ211 THAI TG981 OIA OA944 OIA OA0O8 PAL PR501 RBA BI325 SIA SQ240 MAS MH084 SIA SQ201 OIA
      586 words
    • Article
      Lock icon LONDON FREIGHT MARKET
      174 9 AP LONDON, Tues. North American grain chartering tended to lose some of Its recent verve yesterday but rates held at much the same levels. Mitzul-OSK, for Instance, repeated U559.25 (F10) on the US Oulf-Japan grain route when they fixed the "Stream Dolphin" with a 30,000-ton AugustSeptember cargo.
      AP  -  174 words
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      Page 9 Advertisements Column 1
      40 9 r*. «x -j. •"•N -x <° I i. .TP Peter Benchley 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment' -DULY TELEGRAPH 'For the second time -the book you can't put down' 'DAILY MAIL Now on Sale at your regular bookshop
      40 words
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  • Article
    PICA sells its shares in cement firm
    148 10 PRIVATE Investment Company for Asia (PICA) sold its holding in an Indonesian cement firm, P.T. Semen Cibinong, yesterday to facilitate the firm's listing on the .new Indonesian Stock Exchange. The exchange is expected to open today. This was revealed by Mr. Kerry St.
    148 words
  • Article
    KL scheme
    29 10 KUALA LUMPUR, Tues. The area road pricing system Is expected to be introduced in the federal capital from March next year, the Dewan Negara was told today.
    29 words
  • Article
    Asean members view the grouping differently
    849 10 KUALA LUMPUR, Tues. The second Asean heads of government summit Is over, together with the equally important post summit meeting with the leaders of Australia, Japan nnd New Zealand. The primary impression that Is left, especially by the meeting among the heads of Asean
    849 words
  • Article
    Lock icon What KL will ask of Tokyo today
    384 10 AFP KUALA LUMPUR, Tues. Malaysia will ask Japan to relax some of its health regulations as well as tariff barriers on non-tra-ditional Malaysian exports. Minister of Trade and Industry Datuk Hamzah Abu Samah said today the request would be brought up during the
    AFP  -  384 words
  • Article
    Lock icon Fraser is happy with talks on trade ties
    293 10 Reuter CANBERRA, Tues. Prime Minister Malcolm Fraser returned here today well-satisfied with his talks In Kuala Lumpur with Asean leaders about strained trade relations. Mr. Fraser said one result of the talks was an assurance from Malaysian Trade Minister Datuk Hamzah bin
    Reuter  -  293 words
  • Article
    Lock icon Reserves
    27 10 Reuter ZURICH, Tues. Switzerland's foreign exchange reserves fell 207.4 million francs (*****.5 million) to 12.88 billion in the week ended Aug 5, the national bafik said.
    Reuter  -  27 words
  • Article
    Trade barriers — its varied negative aspects
    545 10 Trade barriers its varied negative aspects PROTECTIONISM will hamper the growth of world trade and hinder Industrialisation plans of developing nations. This warning about the dangers of trade restrictions was given by Mr. J.H. Wltteveen, managing director of the International Monetary Fund. In a recent speech to Brazilian bankers published
    545 words
  • Article
    Lock icon Jakarta steps up security measures for Fukuda's visit
    252 10 UPI JAKARTA, Tues. Jakarta Is laying on extensive security precautions to head off a repetition of 1974 rioting as a three-day visit by Japanese Prime Minister Takeo Fukuda to the Indonesian capital draws near. An estimated 3,500 armed and uniformed men and
    UPI  -  252 words
  • Article
    Lock icon Firms seek suspension
    101 10 Reuter HONGKONG, Tues. The boards of Hutchison International Ltd and Hongkong and Whampoa Dock Co Ltd said they have requested the suspension of both companies' shares for a period expected to be around two weeks as the exchange of Information between the companies and their financial advisers
    Reuter  -  101 words
  • Article
    Review of Q'town parade by Lee
    137 10 THE Prime Minister yesterday reviewed the National Day parade held at Queens town Stadium one of six parades held throughout the Island In the morning and evening. The other parades were at Toa Payoh Stadium (Foreign Minister Mr. 3. Rajaratnam), Jurong Stadium (Deputy Premier
    137 words
  • Article
    Hallmark of a good society
    167 10 IT IS the quality and character of Individual citizens rather than blueprints and programmes which decide whether a society Is good or bad, peaceful or violent, a success or failure. Singapore has taken the approach of creating a better society through first creating better citizens.
    167 words
  • Article
    Ong on the continuing task ...
    54 10 Ong on the continuing task THE task of building commitment to and Identification with Singapore la a continuing one. Speaking at the National Day parade at Tlong Bahru Secondary School parade centre, the Labour Minister Mr. Ong Pang Boon said that this commitment and identification are constant though events and
    54 words
  • Article
    LONDON STOCKS
    720 10 LONDON, Tues. The stock market extended yesterday's gain In fairly active two way trading, dealers said. Government bonds were up to 3/8 point higher with the firm trend In the market slackening after lunch but recovering quickly, dealers said. Some stock shortage was reported. Enqultles were higher with
    720 words
  • Article
    Rise in HK's Asian trade
    163 10 HONGKONG Tues. Hongkong's trade with 22 Asian nations In the first six months this year registered an Increase of more than 10 per cent over the same period In 1976, according to the Census and Statistics Department. Hongkong's exports to 22 Asian nations were worth
    163 words
  • Article
    Lock icon Railway project
    40 10 AFP SEOUL, Tues. South Korea's Sangyong (double dragon) Industrial group plans to take part in the US$2OO million (SJ4BB million) project to build a railway linking Francevllle and Booue in Oabon, a Seoul economic dally reported today. AFP
    AFP  -  40 words
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