The Business Times, 16 August 1977

Microfilm: NL9344
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, AUGUST 16, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon China backs Asean
      65 1 AP KUALA LUMPUR, Mon. Malaysia's Deputy Finance Minister Richard Ho said today that China supports the Asean concept of regional cooperation. Mr. Ho said the Chinese Minister of Foreign Trade, Li Chlng, told him this when they met in Peking during his visit to China for delivery
      AP  -  65 words
    • Article
      Lock icon Consumer spending up
      67 1 UPI TOKYO, Mon. Sales at 28 department stores In Tokyo registered a 7.2 per cent annual growth In July, indicating consumer spending began to pick up, the Japan Department Stores Association reported. The association put July sales at 154.562 billion yen (Ssl.4 billion), up 7.2 per cent
      UPI  -  67 words
    • Article
      Lock icon High spirits!
      68 1 Reuter ISTANBUL, Mon. The Turkish Government today -announced big rises in the price of cigarettes and spirits, in what could be the first phase of a package of measures to shore up the country's limping economy. Rises ranged from 25 to 100 per cent on cigarettes and tobacco,
      Reuter  -  68 words
    • Article
      Lock icon Sabotage at Leyland
      72 1 AFP LONDON, Mon. Several acts of sabotage took place last week on a Leyland car production line, the management said today. A score of stoppages, some of them lasting two hours, were caused on the Cowley production line turning out "Princess" cars, which are the biggest Leyland
      AFP  -  72 words
    • Article
      Lock icon Black-and-white up
      67 1 UPI TOKYO, Mon. Japan's electric appliance Industry is trying to increase exports of portable black-and-white television sets to the United States to make up for a decline caused by voluntary curbs on shipments of colour TV sets, Industry sources said. The sources said Japan sold 1.55 million black-and-white
      UPI  -  67 words
    • Article
      Lock icon One man one vote
      57 1 Reuter LONDON, Mon. Rhodeslan nationalist leader Bishop Abel Muzocpwa said today South African Foreign Minister Plk Botha had expressed support to him for majority rule in Rhodesia based on the principle of one man one vote. "I'm glad he committed himself to the principle of one
      Reuter  -  57 words
    • Article
      Lock icon Dow Jones
      42 1 UPI NEW YORK, Mon. Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 Indus 887.55, Off 3.55; 20 trans 218.20, off 0.68; 15 utlls 114.07, off 0.61; 65 stocks 295.85, off 1.22. UPI.
      UPI  -  42 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      170 1 GENERALLY easier conditions prevailed in quiet trading on the Stock Exchange of Singapore yesterday. There was a distinct lack of trading interest across the board. At the close, the Business limes index shed 9.20 points to 396.85 and the Straits Times Industrial index dipped 0.95 point to
      170 words
    • Article
      In Kuala Lumpur
      108 1 Foils Most active A Amal 4.60 -20 Haw Par 664,000 C. Sugars Pac. Dev. 3.60 -.14 Pac. Dev 436,000 2.74 -.11 On Sec 371 000 K Sldlm 4.20 B. Raya 1.42 JC-MPH 1.32 M. Mosaics 1.47 BousteadCo 1.00 Lien Hoe 2.53 Rises O. Ceramics 1.25 Sg Best
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  • Article, Illustration
    PCS gets down to brass tacks
    565 1  -  TALKS WITH DOWNSTREAM FIRMS By COLIN CHEE LESS than a week slnfce Its incorporation the Petrochemical Corporation of Singapore (PCS), the 50-50 Japanese-Singapore Joint venture set up to operate the central naptha gas oil cracker in Singapore's petrochemical complex, is believed to have started
    565 words
  • Article
    Japan moves to set up training centre
    675 1 THE Japanese Government will soon be carrying out a preliminary survey (or the proposed establishment of the SingaporeJapanese Training Centre to be set up In Singapore. Elaborating on the centre, Japanese Premier, Mr. Takeo Fukuda, yesterday told the press that the centre will
    675 words
  • Article
    Lock icon Tokyo stocks soar
    159 1 Reuter TOKYO, Mon. Share prices on the Tokyo Stock Exchange to<la; rose to their highest level in nearly 4 ft years In anticipation of a massive government reflatlonary package later this month. More than 500 million shares changed hands during the day, while the market average cloeed
    Reuter  -  159 words
  • Article
    Lock icon REFLATION NEAR
    56 1 Reuter TOKYO. Moa. The Japan— Gmnwat and the ruling LiberalDemocratic Party (LDP) lev iSfi&M hold a new reflatioaary package between Av« 1* and 22, immediately after Prime Minister Tahoo Fuknda's return from his South oat said the government has large supplementary budget and reductions in internet ratee, by
    Reuter  -  56 words
  • Article
    Lock icon Surprise swoop on Indira's men
    235 1 AFP NEW DELHI, Moil ma ■wltt and surprise swoop the Federal Government's Central Bureau of Investigation (CHI) today arrested 10 dose sssoclates of former Prime "*"«rttr Mrs. Indira Oandhl. The suspects Included R.K. Dhawan, private secretary to Mrs. Oandhl, P.C. Sethi, former Federal Minister, and
    AFP  -  235 words
  • Article
    Malayan Credit skips dividend on $2.2m loss
    379 1 MALAYAN Ocdfe, which has loft tho marhotgnooalng on how it it going to pay tho $14.4 Billion it iwm tho Inland Revenue In hnek taxee, yootordty imtlii furthor had aewo to shareholder*. It prod weed Ho worot oot of rooolto fas a docode
    379 words
  • Article
    Jardine sells Malaysian estates for $23m
    575 1 JARDINE MATHESON and Co (South-east Asia) yesterday announced that It has agreed to sell for $23.3 million in cash Its plantation interest in Malaysia to Oriental Holdings Bhd. The sale will mark for Jardine (BEA) the withdrawal of direct investment in the plantation scene
    575 words
  • Article
    Lock icon Presented
    57 1 UPI MOSCOW, Mon. Singapore's new Ambassador to the Soviet Union, Joseph Concelcao, formally presented his credentials at the Kremlin today to Ivan Polyakov, Vice President of the Presidium of the Supreme Soviet. After the ceremony Mr. Concelcao had talks with Mr. Polyakov, Soviet Deputy Foreign Minister Leonid Ilylchev and
    UPI  -  57 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      32 1 SotoAgants: Oveneu News/TV ft Radio/Crosswords Overseas News Local Co. News lateraatioaal Co. News Local Stocks Overseas Stacks P2 Commodities P3 Transport ft Cem- P4 municatiaas Features PS Local ft Overseas P6 News
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    • Advertisement
      Page 1 Advertisements Column 2
      145 1 Live an extra month this year If you're a top executive working in the city, living in one of our luxurious Hong Leong apartments saves you an hour a day in travelling, traffic jam and parking hassles. That adds up to a working month a year. The best part is
      145 words
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      Page 1 Advertisements Column 3
      145 1 i COMPLETE COPYMG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE T* *****2 (5 L.nw> APS ELECTRONICS (M) SON BHD KUALA LUMPUR T#i 2174^*****/***** PRime commeßcmL sue FOR SALE A fine corner site in Robinson Road suitable for the development of a commercial building as a bank or trading company head office.
      145 words
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  • OVERSEAS
    • Article
      Lock icon US share of Arab farm mart
      408 2 AP WASHINGTON, Mon. Even though a record US$l.6 billion (553.9 billion) in US farm goods Is being exported to Arab nations this year. Americans have not significantly increased their share of that lucrative market, a US agriculture department economist says. Part of the reason
      AP  -  408 words
    • Article
      Lock icon Hopes of increased China trade dim
      332 2 UPI WASHINGTON, Mon. Prospects are dim for Increased trade with Peking because of continued American recognition of Taiwan, according to an American banker recently returned from a trip to China. Mr. C.M. Berry, president of the Seattle-First National Bank, said In a copyrighted Interview
      UPI  -  332 words
    • Article
      Lock icon Spanish hotel workers end strike
      231 2 Reuter MALAGA (Spaia) Men. A pay atike by hotel workara on the Spanish Costa del Sol, which Ml thousands of tourists making their bed* and cooking thoir own meals, came to a surprise sad today. The restaurant and bar staff accepted a wage rise of
      Reuter  -  231 words
    • Article
      Lock icon More trees drive
      59 2 Reuter LONDON, Mon. Britain's schoolchildren are being urged to plant and care for trees in an effort to save the country's rapidly declining woodlands. The tree council, a go-vernment-aided body, has written to education authorities throughout Britain asking schools to plant as many trees as possible or
      Reuter  -  59 words
    • Article
      Lock icon Lance affair: Probe on officials ending
      924 2 NYT WASHINGTON, lion. Special agent* of the Internal Revenue Service are completing an Investigation of whether there was any impropriety by officials of the Comptroller of the Currency's Office in the handling of the nomination proceedings of Budget Director Bert Lance. According to Administration
      NYT  -  924 words
    • Article
      Lock icon Glut of crude oil in midst of an energy crisis!
      546 2 AP NEW YORK, Mon. In the midst of the energy crisis In the United States, oil firms are trying to deal with a short-term and somewhat embarassing problem they have more crude oil than they need. 'There Is right now
      AP  -  546 words
    • Article
      Lock icon Tussle for healthconscious smokers
      154 2 AP WASHINGTON, Mon. Cigarette manufacturers are continuing their competition to attract healthconscious smokers who can't kick the habit, the American government's hew rating of ciearette tar and nicotine levels shows. Nearly one-third of the 166 brands of cigarettes tested by the US Federal Trade Commission (FTC)
      AP  -  154 words
    • Article
      Lock icon Call for fair sugar price guarantee
      82 2 AFP SANTO DOMINGO, Mon. Sugar producing countries should be guaranteed a fair price for their exports by international treaty, United States Ambassador to the United Nations Andrew Young said here over the weekend. Mr. Young added that developing countries should take steps to defend
      AFP  -  82 words
    • Article
      Lock icon French firm to re-process Japan's spent atomic fuel
      478 2 AFP PARIS, Mon. A FrancoJapanese agreement to reprocess "spent" atomic fuel from Japanese nuclear power stations underlines the problems of dealing with radioactive waste material and also wide fears of a proliferation of nuclear weapons. A report from Tokyo yesterday said the
      AFP  -  478 words
    • Article
      Lock icon A plankton called krill
      90 2 AFP VANCOUVER, Mon. Mr. Kentaro Kaneko Is seeking United Nations protection of Antartlc plankton before the protein resource is wiped out. Mr. Kentaro, whose Tokyo business cars bears the name Kentaro Plankton, is captivated by the Antartlc continent and the plankton called krlll In its seas.
      AFP  -  90 words
    • Article
      Lock icon All round increase in UK consumer spending expected
      225 3 Reuter LONDON. Mon. UK consumer spending will Increase over a broad base next year as a result of accelerating pay, tax rebates Implemented this month, a pension rise next November and narrower price increases In the last months of 1977, Charterhouse Group
      Reuter  -  225 words
    • Article
      Lock icon Bank won't comment
      69 3 Reuter TOKYO, Mon. The Bank of Japan declined comment on a Jijl pres.* report that it will cut its official discount rate by 0.5 per cent to 4.5 per cent this month. Jlji, quoting government sources, said the bank would take the measure if the government decides
      Reuter  -  69 words
    • Article
      Lock icon US economy is getting its second wind
      724 3 NYT WASHINGTON, Mon. The economy Is getting its mid-summer second wind, high-ranking Administration officials believe. They cite the US$2O billion (5548.8 billion) In federal jobs money now starting to flow, sharply higher levels of defence procurement and the growth of business outlays. But
      NYT  -  724 words
    • Article, Illustration
      Lock icon Money supply: Fed takes cautious line
      259 3 Reuter WASHINGTON, Mon. Federal Reserve Board Chairman Arthur Burns said the central bank is following a cautious and gradual approach toward holding down growth in the money supply. "Slowly undernourishing Inflation and thus weakening it seems the most realistic strategy open to us," he
      Reuter  -  259 words
    • Article, Illustration
      Lock icon 'PRESIDENT RENEGED ON ANTIINFLATION PLEDGES'
      234 3 UPI WASHINGTON, Moa. Mr. Herbert Steia, former chairman of the Council of Economic Adviser*, uyi Preeident Carter ku backtracked on important antiinflation policial, and prospects for bringing inflation under control nre "not very bright." In an interview with US News nad World Report ißiguiii rtloiMd
      UPI  -  234 words
    • Article
      Lock icon Carter rates himself fairly successful
      623 3 AP WASHINGTON, Mon. President Carter gives himself "fairly high" marks for improving the tone of the government and the people's attitude toward it, but says the nation's economy Is disappointing and "we have not had any major breakthrough in foreign affairs." In a personal report
      AP  -  623 words
    • Article
      Lock icon The young seekers
      95 3 Reuter ROME, Mon. The total of young Job-seekers under the age of 29 who have registered with government employment offices hoping to benefit from a government plan to boost employment has risen to 047,000 following a sudden spurt In last minute registrations, the Labour Ministry said. Late
      Reuter  -  95 words
    • Article
      Lock icon Electricity board to repay loan early
      187 3 Reuter LONDON, Mon. The publicly owned South Scotland Electricity Board Is to make early repayment of a US$3O million (5»73.2 million) Eurocurrency loan, British Treasury sources said. The loan was arranged in 1973 at a fixed 9 3/8 per cent annual Interest rate under
      Reuter  -  187 words
    • Article
      Lock icon Soares raps press for escudo 'blowup'
      195 3 Reuter LISBON, Mon. Portuguese Prime Minister Mario Soares accused certain sectors of the national press of thoughtless sensationalism in speculating about an imminent new devaluation of the escudo. In an interview given to the Oporto newspaper O Comercio do Porto, Mr. Soares also denied
      Reuter  -  195 words
    • Article
      Lock icon Study of tourist project
      86 3 AFP AMMAN, Mon. A Canadian firm, Genstar, yesterday signed an agreement with the Jordanian government to undertake a US$B5O,OOO (552.07 billion) feasibility study of tourist development on the northern coast of the Gulf of Acaba. Jordan proposes to develop an area of 250 hectares. laying an
      AFP  -  86 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      188 2 Success in today's world of business calls for a constructive approach to financing, a sound knowledge of the available markets, and original ideas. These are the strategic qualities that Wardley can provide throughout Asia. Wardley Limited, backed by the resources and experience of The Hongkong Bank Group, can offer financial
      188 words
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      Page 2 Advertisements Column 2
      3 2 SEE PAGE 10
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      5 2 BriStow: Fiask locisens 23 i
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      334 2 THE WEATHER WEATHER report for 24 houra prior to 7.30 p.m. on Aug 15 at Singapore airport. Maximum Temperature 30.4° C Associated Humidity 74 Minimum Temperature 24.0° C Associated Humidity 98 Hours of Sunshine 4.50 Rainfall in Millimetres 19.4 Total Ralnfoll for the Month 87.6 Total Rainy Days for the
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    • Miscellaneous
      Page 2 Miscellaneous Column 3
      603 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Catering strike? (0) 7 Put one politician In Irons maybe(B) 8 Alan's sphere? (4) 10 Neither vegetable nor mineral lamina, possibly (6) 11 It's best If returning home <•> 14 Musical opener? (3) 18 Falls to keep replacing soles (5) 17 Links with the
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      187 3 Non-stop to New Zealand. Non-stop comfort. Non-stop service. Non-stop entertainment. There's only one way to get to New Zealand in one hop. Nonstop. The fastest way. The most comfortable way. Every Tuesday and Saturday. Air New Zealand takes you there. In wide-bodied DC-lOs. With non-stop service because passenger capacity provides
      187 words
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  • COMPANY NEWS
    • Article
      Gentings set for another bumper year
      446 4 JUDGING by the hefty profit made In the first half-year ended June 30, 1977 Gentlng Highlands Hotels Is likely to set another record for the full 12 months. Group pre-tax profit rose 59 per cent In the first half to MS14.44 million on an
      446 words
    • Article
      DIVIDENDS ANNOUNCED
      273 4 Current .Ex Date Total for Total for payment Date payable the year previous year Sanyo Industrie* 12%TE July 20 4ug 16 12%TE 12% TE Singapore Glass 10% July 29 AUg 19 10% 5% George Kent 12% July.21 Aug 26 12% 10% Malaysian Tobacco 15%I July 28 Aug 29
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    • Article
      First half slowdown in earnings at DBS
      291 4 GROWTH at the Development Bank of Singapore •lowed down la tbt first half-year mimi Juno It, 1977 with the baak-report-ing as Increase of $1.28 million or 2s. 7 per cent In (roup pre-tax profit to $15.52 million. In the previous eorres ponding parlod,
      291 words
    • Article
      Behn Meyer plan to train new executives
      170 4 KUALA LUMPUR, Mon. Behn Meyer (Malaysia) has formulated a new executive development programme to train and develop young bumlputras to fit Into certain managerial positions within the Behn Meyer Group. A director of the company, Mr. J.H. Friele, said that under this programme,
      170 words
    • COMPANY MEETINGS
    • LATEST RESULTS
      • Article
        FEDERAL CABLES, Wires and Metal Manufacturing —
        40 4 FEDERAL CABLES, Wires and Metal Manufacturing Unaudited group pre-tax loss M 5241,000 (loss $507,000) on sales $21.64 million ($lB.l million) for the first half-year ended June 30, 1977. Parent company pre-tax profit $459,000 ($97,000) on sales $7.90 million ($6.48 million).
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      • Article
        Sungei Besi Mines Malaysia
        25 4 Consolidated loss after all charges Including taxation M 51.52 million on turnover $17.01 million. Taxation credited $397,000. No comparative figures available.
        25 words
    • Article
      PEOPLE IN BUSINESS
      88 4 THE Board of Directors of Trengganu Development and Management Berhad has accepted the resignation of Mr. Chua Hood Choaa as a director of the company with effect from Aug 11. Mr. Alec Soon has been appointed to succeed him. The company has also approved the appointment of
      88 words
    • Article
      Strong recovery enables International Wood to pay maiden dividend
      578 4 AFTER enjoying bumper profits in 1976/77, International Wood Products now views Its future with cautious optimism. For the year ended Feb 28, 1977, the company turned In a record net operating profit of $5.2 million against a loss of $1.72 million
      578 words
    • Article
      Temenggong raises share capital of two subsidiaries
      299 4 TEMENOOONG has raised the issued share capitals of two of its wholly owned subsidiaries, Oreatways International (Singapore) and Oreatways Supermarket (Singapore). OIS increased its Issued share capital by 60 per cent by allotlng 600,000 shares of $1 each fully paid at par for
      299 words
    • Article
      Looking at what's in store for Plantation Holdings
      1658 4 MALAYSIAN Multipurpose Co-operative Society's acquisition of a 20 per cent stake in Plantation Holdings, disclosed last week, may well foreshadow more Interesting developments in this U.K. based plantation company. Plantation Holdings Is an interesting company. It is one of the estate groupings
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      51 4 .must be super functional to produce: clean, clear duplicates Duplicates even on ordinary paper and on both sides too Super savings on running cost. Space saving too when it comes to filing Multi-duplicates up to 20 duplicates with a mere touch of a button. Simple and easy. f 1 IT'
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Pepsico offer sparks takeover rumours
      663 5 NORTH AMERICAN COMPANIES NYT THE pending offer of Pepsico to exchange 1.55 of Its shares for each Pizza Hut share, subject to approval of Pizza Hut's stockholders, has sparked rumours of further takeover attempts In the fast-food Industry. Last week, It was the Friendly Ice
      NYT  -  663 words
    • Article
      Consolidated Foods buoyant
      96 5 CONSOLIDATED FOODS reported that operating net earnings for the fourth quarter ended July 2, 1977 rose to US$27 million or 90 cents a share from $24.22 million or 81 cents a share previously. Sales also increased to $766 million from $763.3 million. For the full year, operating
      96 words
    • Article
      Petrofina
      16 5 PETROFINA CANADA LTD said it raised its regular semi-annual dividend five cents to C6O cents.
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    • Article
      Lock icon Babcock accepts McDermott bid
      178 5 Reuter BABCOCK AND WILCOX'S board said It decided to accept an acquisition offer from J. Ray McDermott. It said it "strongly advised" holders of 4.3 million Babcock shares to tender their shares under the offer, dated Aug 14, at US$55 each. McDermott already owns 1.2 million
      Reuter  -  178 words
    • Article
      Lock icon Singer
      36 5 Reuter SINGER CO said it resumed payment of a quarterly dividend and declared a USIO- dividend, payable Sept 15, record Aug 22. The company last paid a special 10 cent dividend at year-end 1976. Reuter
      Reuter  -  36 words
    • Article
      Rockwell
      24 5 ROCKWELL INTERNATIONAL CORP's subsidiary Collins Systems International said tl received a more than USf 100 million contract from Western Electric for microwave equipment.
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    • Article
      Lock icon Clark
      22 5 Reuter CLARK EQUIPMENT said directors raised the quarterly dividend to 45 cents from 40 cents, payable Sept 9, record Aug 22.
      Reuter  -  22 words
    • Article
      G.Weston raises income
      116 5 NET earnings at George Weston rose to C 54.49 million or 39 cents a share In the second quarter this year from $3.91 million or 33 cents a share In the 1976 quarter. The 15 per cent rise In earnings was achieved on sales of $1.1 billion
      116 words
    • Article
      Lock icon Investors more attentive to bond market
      1470 5 NYT NEW YORK. Mon. From World War II until recently, investors paid little attention to the bond market, and with reason vields were low and fell almost without let-up for nearly 30 years. In 1974 times changed. By then, bond yields had risen to
      NYT  -  1,470 words
    • Article
      Securities chief warns of excessive stock speculation
      437 5 ASIAN COMPANIES TEL AVIV, Mon. The chairman of the Israeli Securities Authority, Mr. Yitzhak Taub has warned against the dangers of excessive stock speculation, such as took place last year, the Jerusalem Post reported. The Post said the warning was contained In a
      437 words
    • Article
      Hongkong Telephone rights issue
      164 5 HONGKONG, Mon. Hongkong Telephone has raised Its interim dividend from HK4O cents to 50 cents on marginal rise In unaudited net profit from $72.6 million to $75.8 million for the first half of this year. The company also said It Is proposing a one-for-slx rights Issue
      164 words
    • Article
      Lock icon Alcan earnings up
      156 5 Reuter SYDNEY, Mon. Alcan Australia said it made an operating profit of A 53.08 million on sales of $42.66 million for the first halfyear ended June 30, 1977 compared with $1.94 million and $38.83 million previously. The profit is after taxation of $2.26 million ($1.5 million), depreciation
      Reuter  -  156 words
    • Article
      Lock icon Coca-Cola official off to India
      171 5 NYT NEW DELHI, Mon—The Coca-Cola Company of the United States has assigned a senior official to go to New Delhi to find a way out of the impasse caused by the Indian government's Insistence that the formula for Coca-Cola concentrate be transferred to an Indiancompany.
      NYT  -  171 words
    • Article
      Philippine Telephone higher
      105 5 MANILA, Mon. For the first six months of this year, Philippine Long Distance Telephone made net earnings of 79.4 million pesos or 9.77 pesos a share (diluted 8.07 pesos) on an operating revenue of 135.3 million pesos. Previously, the company had net earnings of 54.3 million pesos
      105 words
    • Article
      Lock icon Exchange studying options plan
      65 5 Reuter TOKYO. Mon. The Tokyo stock exchange said it is considering introducing options trading in stocks in the Japanese market. The study follows a recommendation by the Federation of Securities Dealers Association in favour of options trading, It said. However, the US options trading system such
      Reuter  -  65 words
    • Article
      Lock icon Sumitomo Chemical
      44 5 Reuter TOKYO, Mon. Sumitomo Chemical suffered a severe setback In the first half ended June 30, 1977 with after-tax profit sliding to 167 million yen from 1.29 billion yen previously. Sales also fell to 230.22 billion yen from 274.35 billion yen. Reuter
      Reuter  -  44 words
    • Article
      Lock icon US foundries face acute shortages
      676 5 NYT NEW YORK, Mon. Foundries with US$l3 billion a year in sales the nation's sixth largest industry are being seriously challenged by a lack of young, skilled workers, a developing capital shortage and the costs of meeting environmental standards. The industry makes specialised metal parts,
      NYT  -  676 words
    • Article
      Lock icon Business morale still depressed
      712 5 FT SALISBURY: There has been no sign of a renewal of confidence among Rhodesia's depressed business community following the announcement by Mr. Lan Smith of a general election to be held on Aug 31. In the two weeks following the announcement on July 18, the industrial
      FT  -  712 words
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      Page 5 Advertisements Column 1
      3 5 SEE PAGE 7
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      Page 5 Advertisements Column 2
      91 5 OCBC CENTRE your prestigious address with a panoramic view Prospect of "in house" business Private dining rooms available for top executives 27 fast computerised lifts Large airy Car Park for 654 cars no parking problem for visitors Cafeteria for staff and executives One floor of special conference and meeting rooms
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  • Article
    Share Information Service
    2333 6 Gr's Or'* Net \tn Loat di» Div y'M P/E Vol Doy High Low Company Sale +or- e'vr C0»> Hick Low 8ECTION ONE INDUSTRIALS 154 136 Acma 145 unch 12.ON 1.8 8.2 6.8 2 145 145 204 172 Alcom 172 10.0 0.5 5.8 27.7 96 58 Allied Choc
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  • Article
    Transactions in Singapore
    1410 6 BID and offer prices officially listed and business In and rsportsd to U» Stock Ezchan«e of Blneapor« yesterday with the number of shares traded shown In brackets In lots of 1000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett." Bif Board
    1,410 words
  • Article
    In Kuala Lumpur
    1693 6 BID and offer price* officially lifted and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lota of 1.000 units unless otherwlae specified. INDUSTRIALS Ajin»m*t* (2U58) Alc*m (I.MS). A. Chtc. (0 »0B 0 948). A.P.I.
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  • Article
    Stock options
    60 6 STRIKING price* at tfc* MKk options officially lilted aa th* Stack EsclUuge of Siacapara, the perioda, bid and off** price* aad busiaaa* doa* yesterday, with the number of options traded «bewa in bracheU. Inchcape (Sept $2.40) (0.188 0.255) (2) 0.20. (Dec $2.40) (0.305). Inchcape (Mar $2.40) (0.30B). U
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  • Article
    Unit trusts
    149 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Maaafars' prioai far Aug l() (Carnal m rieas) INCOME BOND 1.07 1.13 The Commerce 1.72 1.S2 The Saving Fund 100 106 MARA BUMIPUTRA FUND 8' pore Prof Fund 0.83 0.90 (Manager* price* far A of 16) S pore Security First Bumlputra 2.20
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  • Article
    CORPORATE BONDS
    171 6 B O T 8 1/2% 1981 (100.000) (103 103*«S) B O T 7 5/8% 1984 (100.000) (99'*B 99'jS) L T C B J 1982 (100.000) (98HB 99'^) Credit Lyonnaia Floating 1983 (100.000) (***** 98HS) DBS Converta 6 1/2% 1991 (100.000) (98'-.B 98SS) D B S 8 1/2% 1982
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  • Article
    GOVERNMENT BONDS
    122 6 Rep Spore D Mark 7% 1982 (100.000) (1018 101 v iS) Kep Spore 6 1/2% 1983 (100.000) (99*«8 100'4S) Kep Spore 7 3/4% 1987 (100.000) (100V,B 101 *S) 5 1/4% 15/7/78 (250,000) (101 30B) 4 3/4% 1/5/79 (250,000) (100.758 100.85S) 5 1/4% 15/10/79 (250,000) (101.758 101.87S) 6 3/4%
    122 words
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      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
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  • Article, Illustration
    TRADING SLACKENS
    681 7 GENERALLY easier conditions prevailed in quiet trading on the Stock Exchange of Singapore yeetera distinct lack of interest across a wide front including section two of the market where moot of the recent volatile issues came under profit-taking with losses of up to three per cent attending. Investors
    681 words
  • Article
    EASIER TREND IN KL TOO
    335 7 EASIER conditions ruled on the Kuala Lumpur Stock market yesterday as light liquidation and profittaking depressed share S rices across a fairly broad ■ont. Overall, the market remained cautious as operators tended to stay on the sidelines with little Incentive to deal. The bulk of
    335 words
  • Article
    Lock icon Only the London mart is showing some life
    883 7 NYT NEW YORK, Mon. With the exception of a buoyant turnround on the London Stock Exchange, major foreign stock markets have been generally sluggish through the first part of the year. The Tokyo market has been largely Inactive, with trading volume substantially
    NYT  -  883 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      339 7 HONOKONO: The market closed slightly lower in very dull, featureless trading on lack of buying Interest, dealers said on Monday. The Hang Seng index dropped 0.99 to close it 418.27 points. Hongkong Bank fell 20 cents to $17.60, while Hongkong Land and Swire Pacific fell five cents each to
      339 words
    • Article
      Tokyo
      442 7 TOKYO: The market rose sharply in brisk trading to reach a 4-V4 year high, on expectations of fresh reflatlonary measures and a further cut in the official discount rate, dealers said on Monday. The Dow Jones average rose 25.51 to close at 5,202.01, with volume 520 million shares. The
      442 words
    • Article
      Sydney
      421 7 SYDNEY: The market rose on Monday after the Government's statement it would authorise the mining and export of uranium with PancontinenUi rising $1.60 to $10.60. after reaching a high of $11.30. dealers said. The Sydney All-Ordinaries Index rose 1.73 to close at 441.39. Peko rose 40 cents to $5.70,
      421 words
    • Article
      Manila
      178 7 MANILA: The market closed mixed with mines and oils lower and commercials slightly higher, dealers said on Monday. AUm fell four points while Philex and Marinduque both eased one on lower foreign metal prices while Seafront lost one point among otherwise unchanged oils. PLDT rose two points while other
      178 words
    • Article
      Bangkok
      105 7 AUG IS Bahts Asia Fibre 212 -7 Bangkok Bank 381 •12 Bangkok Invest 200 •14 Bangkok-Metro-politan Bank Bata 675 Berll Jucker 402 -18 Charoong Thai Wire 182 Dumex Duslt Thanl Faber Merlin First Trust 199 -a Indo-Thal Industrial Finance Corp 1285S J And J Ho 278 ♦2 Jalaprathan Cement
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  • Article
    Lock icon STORM OVER SEC'S PLAN TO KILL RULE 390
    1066 7 NYT WASHINGTON. Mon. They came from Wall Street and Chicago, from prestigious universities and from the Pacific Coast. Day after day, a veritable caravan of men in conservative blue suits filed into a Securities and Exchange Commission hearing room to protest or
    NYT  -  1,066 words
  • Article
    Thirst for T-E bonds sparks marketing battle
    1044 7 NEW YORK, Mon. The seemingly Insatiable appetltle of Investors for tax-exempt bonds In almost any form has touched off one of the biggest marketing battles Wall Street has seen In years. The action has pitted a relatively new product Municipal Bond Mutual Funds,
    1,044 words
  • Article
    Lock icon US$20m loan pact
    105 7 Reuter TURIN, Mon. The Cassa Di Rlsparmio D 1 Torino announced the signing in London of a US$2O million, five-year loan agreement with a group of banks led by Hambros Bank, carrying an Interest spread of one per cent over London Interbank Offered Rate (LIBOR). The saving
    Reuter  -  105 words
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      449 7 BUSINESS TIMES Airline Directory Aeroflot Soviet Airline* 110-112 Show Contra, Orchord Rood, (Tol: 377.111) Air Coy ton 302-B, 3rd Floor, Marino Houso Shonton Way, Sinmoro (1) (Tol: *****00) Ground. Floor, ICB Building, Shonton Way Singapore 1 (Tol: *****11) I OWI r lOvi| wlv (Tol: 2205.277) 614, Ground Floor Ocean BuMing,
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      339 8 ON the Singapore rubber market yesterday the market opened unchanged then rose slightly on some buying interest in September One RSS but fell back fractionally towards the morning close, dealers said. The. morning session closed very quiet, with September One RSS buyers unchaged at 194.50
      339 words
    • Article
      Closing
      31 8 prices Rubber: Aug 15 Singapore: September 195.00 cent* (up 0.50 cent.) Malaysia: September 196.00 cents (up 0.50 cent) Tin: $1,680 (up $9) Official offering: 185 ton' net (up 4 tonnes)
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    • Article
      RAS PRICES
      344 8 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Int. 1 R.S.S prompt f o b. Buyers Sellers Buyers Sellers 191.50 192 50N 191.50 192.50N Int. 1 R.S.S. September 195.00 195.25 195.00 195.25 Int. I R.S.S. October 197 25 197.50 197.25 197.50 Int. 2 R.S.S
      344 words
    • Article
      SSR AND SMR
      103 8 NOON SSR and SMR prices yesterday. rw« R.A.S. (Ciirroot Mth) (Forward Mth) Buyers Sellers Buyers Seller* (cents per kg) (cents per kg) SSR 20 (1-ton pallet) 193.00 195 OON 194.00 190 OON SSR 50 (1-ton pallet) 190 50 192 50N 191.50 193.50N MRELB SMR 5CV (l-ton pallet)
      103 words
    • Article
      Sugar
      145 8 LONDON, Mon. Terminal opened £0.30 higher to £0.15 lower than Friday afternoon closing levels. Sales totalled 160 lots. Dealers said the market opened quiet with prices holding steady but Immediately after the call, an easier trend developed following reductions in the London daily raws and white prices. The raws
      145 words
    • Article
      Rice
      217 8 BANGKOK, Mon. Indicative prices quoted here today were: (In US dollars per tonne. FOB Bangkok) WKMa Me*: 100 per cent Ist class 306. 100 per cent 2nd class 2*2,100 per cent 3rd class 288. 5 per cent 277, 10 per cent 253. 15 per cent 250. 20 per cent
      217 words
    • Article
      Produce exchange
      333 8 THE Singapore produce market yesterday ruled quiet and featureless with prices of most commodities tending lower on lack of buying support from overseas. Trading was minimal and confined to local dealer book squaring account. Coconut oils were marked down by $2 to $3 a picul under the influence
      333 words
    • Article
      Coffee
      206 8 LONDON, Mon. Coffee futures opened £32 to £3 per tonne higher on sales of 268 lots. Dealers said the market opened steady on trade and commission house buying which pushed the November position from £2,490 to £2,505 per tonne. Some sources had expected an easier opening based on New
      206 words
    • Article
      Hongkong comex
      294 8 HONGKONG, Mon. The cotton futures market closed lower In fairly quiet trading on lack of buying Interest due to anticipation of a further decline In cotton prices, dealers said. Losses ranged from U50.77 to 1.37 cents. Total turnover fell to 13 lots from last Friday's 21. Open positions
      294 words
    • Article
      Cocoa
      191 8 LONDON, Mon. Terminal cocoa closed generally hesitant and dealings were relatively thin at 156 lots Including 20 lots self-traded. Dealers said private reports from West Africa again point to extremely dry weather which, local observers say, are expected to have a detrimental effect on 1977/78 main cro p production.
      191 words
    • Article
      Lead
      63 8 LONDON, Mon. Lead fell by mostly £6. Dealers said the tone In copper was the main depressant in lead where hedge selling, stoploss and chart operations pushed Three Months down to £309 per tonne before light short-covering cushioned the fall. Also Influencing the movement was the 2,900 tonnes increase
      63 words
    • Article
      Straits tin market
      167 8 THE Straits tin price In Penang yesterday was up Ms 9 to $1,680 per ptcul on an official offering up 4 tonnes to 185 tonnes. Prices recovered after Saturday's fall on local covering together with buying support from the US. Japan and Eastern Europe, dealers said. Lower
      167 words
    • Article
      Gold
      150 8 ON the Singapore gold market, the kliobar opened at 5511,418 and closed higher at 5i11,433 after toughing a low of 5511.410. In the London market, the metal opened at U*****.20/40 and closed at U*****.40/60. The London morning fix was U*****.30, down $0.60 on the previous fix. Source: Sinffmas Retail
      150 words
    • Article
      Copper
      45 8 LONDON, Mon. Generally lower prices were seen on the London metal exchange this morning under the leadership of copper: Dealers said bearish sentiment in copper continued, and with fresh consumer demand still quiet, liquidation and trade selling resulted in losses of £13 per tonne.
      45 words
    • Article
      Zinc
      46 8 LONDON, Mon. Zinc fell by £10 for cash and £9.50 for Three Months. Prices followed the general decline with stoploss and fresh speculative selling taking Three Months down to £293 per tonne In ring and kerb dealings. Sales of 2,975 tonnes were boosted by carries.
      46 words
    • Article
      Silver
      79 8 LONDON, Mon. Silver closed 4.0 pence per troy ounce down all round. Dealers said liquidation was touched off by the sharp fall In New York on Friday and lower gold this morning. The trend In base metals was also an unsettling influence while values lost further ground following the
      79 words
    • Article
      Lock icon China develops a new hybrid of miracle rice
      338 8 Reuter UPI HONOKONO. Mon. A variety of "miracle rice" developed in China Is I producing yields up to 30 per cent higher than strains 1 Erevlously used, according 1 > a radio broadcast from 1 Kwangtung province. The new hybrid rice, 1
      Reuter; UPI  -  338 words
    • Article
      Lock icon Diplomatic solution to silk dispute
      83 8 Reuter TOKYO, Mon. Japan hopes to continue to discuss with the US through diplomatic channels the dispute over Japan's import restrictions on US silk yarn, the Ministry of International Trade and Industry said. Japanese and US officials failed to reach agreement on the issue in
      Reuter  -  83 words
    • Article
      Lock icon Malaysian tin output down
      43 8 Reuter KUALA LUMPUR, Mon. Peninsular Malaysia production of tin concentrates fell to 4,763 tonnes of tin metal in June from 5,066 tonnes in May. the Statistic Department said. Shipments from mines to smelters rose slightly to 4,838 tonnes (4,827).
      Reuter  -  43 words
    • Article
      Lock icon Tin stands firm in mixed markets
      1129 8 AFP LONDON: Commodity markets had a mixed appearance last week with trading conditions generally dull due to the lack of Inspiring news. Tin once again provided the major feature as cash prices jumped to fresh records on the continued tightening of nearby supplies. However,
      AFP  -  1,129 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        625 8 SINGAPORE'S foreign exchange market yesterday went through another round of speculative trading in the yen-US$ and Deutsche mark-US$ counters. Opening at the 266.80 yen •level, the US unit firmed to touch 267.70, almost 100 points Up in strong speculative conditions both on the Singapore market as well as other
        625 words
      • Article
        Minimum lending rates
        57 8 ACBC First Chicago v, Alfnnenc Bank IH Citibank Ih Bangkok Bank 7 HSBC fV| Bank of America •H Indosuez SH Bank of China 7 Malayan Banking.. (i, Bank of Tokyo IH Mitsui Bank Bank Nagnra OCBC Indonesia 7 OUB CH Chartered Bank CH UCB 7 Chaao Manhattan
        57 words
      • Article
        Asian $ rates
        135 8 Asian rates ASIAN currency depocit Interbank rates as at cloae on An* is 7 days 6 1/4 <1/1 1 mth 8 3/1 x 6 1/4 2 mths 1/2 8 3/8 3 mths 6 5/6 8 1/2 8 mths 1 1&/16 12/16 9 mths 7 6 7/8 12 mths 1/16 ia/16
        135 words
      • Article
        Discount
        16 8 RANGE of price* offered by discount houses on Auc IS Source: National Discount Co. Ltd.
        16 words
      • Article
        Australia/NZ
        59 8 AUSTRALIA/NZ exchanges on Aug 15: Australia: Sterling 0 6375/0 6306 US dollar 1 IMS/1 OM6 Ninety-day air mall buying rate*: Sterling 0 8537 US dollar 1 1296 Ninety-day forward buying rates Sterling 0.83 a US dollar 1.0058 New Zealand Sterling 0 5581/ 5550 US dollar 0 8746/0 9846 Ninety-day
        59 words
      • Article
        London
        306 8 LONDON, Mon. The dollar fluctuated In early trading, easing to 2.3300/10 marks from an early 2.3350/60, but still above its frlday close of '2.385/95, dealers said. In thin trading, some operators took profits after the dollar's rise In New York on Friday following higher federal funds and Eurodollar rates.
        306 words
      • Article
        Tokyo
        134 8 TOKYO, Mon. The US dollar for overnight dellvery rose sharply to close at 267.70 yen, compared with a 266.80 opening and 266.30 at Friday's close, dealers said. The dollar touched Its highest point since June as Japanese banks bought dollars for Import settlement needs and built up long dollar
        134 words
      • Article
        Hongkong
        133 8 HONGKONG, Mon. The US dollar firmed In fairly active trading to 2.3338/48 marks from its New York Friday closing mid-point of 2.3320 and its opening of 2.3315/25, but was below its day high of 2.3345/50, dealers said. The US unit also rose against the yen to a high of
        133 words
      • Article
        Euro $ rates
        192 8 Euro rates LONDON, Mon. Eurodollar deposit rates opened higher following Indications of higher US shortterm Interest rates, but eased back in early trading, dealers said. Volume was low so far with the usual Monday slow start coupled with the Assumption Day holiday In some European centres, they added. Overnight came
        192 words
      • Article
        Frankfurt
        34 8 FRANKFURT exchanges opening quotes on Aug 15: US 2 3345/80 Can 2.1855/75 UK 4 046/056 Neth 94 85/95 SwlU 96 23/33 Italy 2 835/845 France 47 40/50 Norw 44 10/20 Japan 0 8720/30
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      • Article
        Eurobonds
        204 8 LONDON, Mon. Trading in Eurobonds was quiet with most of Europe closed today, dealers said. Straight US bonds were 1/8 to 1/4 easier where changed with the upward pressure on short-term US Interest rates having an adverse Influence, dealers added. There has been little movement In German, guilder and
        204 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      385 8 from Penguin o o 1976 Nobel Prizewinner 1976 Nobel Prize Winner is at his best again in his latest book To Jerusalem and Back'. As with his recent best-seller 'Humboldt's Gift', Bellow's brilliant images emerge at frequent intervals like sunshine through fog, witty, clever, radiantly imaginative and without doubt. Bellow
      385 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      US direct flights to Cuba still some way off
      272 9 WABHINQTON, Mon. Despite recent Improvements in US-Cuban relations, American tourists are not likely to find non-stop flights available from their hometown to Havana anytime soon, officials say. Five US airlines are seeking permission to provide direct flights to Cuba, a glittering
      272 words
  • Article
    Lock icon Threat of strike at BA grows
    151 9 Reuter LONDON, Mon. The threat of a strike by British Airways maintenance engineers increased last night after the suspension from work of a second trade union official. The engineers, who in April went on unofficial strike for over three weeks, have accused the airline
    Reuter  -  151 words
  • Article
    DAILY AIRCRAFT MOVEMENTS
    561 9 It ARRIVALS DEPARTURES Service Local Operator Number Time From Service Operator Number Local Time For CAL CI331 CPA CX003 TMA TL303B MAS MH682 CAL CI 806 OIA OA980 SIA SQ211 OIA OA944 OIA QA908 PAL PR501 RBA BI325 SIA SQ240 MAS MH684 SIA SQ201 OIA OA982 MAS
    561 words
  • Article
    Lock icon Reassessing the importance of Panama Canal
    880 9 NYT PANAMA: When Teddy Roosevelt decided to take Panama, sponsoring its breakaway from Colombia In 1903 in exchange for the right to build and control an inter-oceanic waterway, he was convinced that a canal was vital to both the economy and security of the
    NYT  -  880 words
  • Article
    Lock icon Prediction of a 'bloody battle' in Senate
    254 9 AP WASHINGTON, Mon. Senator Frank Church predicted yesterday that a "bloody battle'* would erupt In the Senate over ratification of the Panama Canal treaty. "It's going to be a bloody battle because It's an emotional issue and it's easily distorted," the Idaho Democrat
    AP  -  254 words
  • Article, Illustration
    IN PORT
    362 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Ende (0700 after Wahansa Tiga) 24 Esso Procyon (Tanker) (after Golden Fortune) 38/39 Glso Maru No. 19 (JLKB) (1800 27/28 Golden City (after Sinklang) 10/11 Johannes Maersk (0730 tide) 18 Lumut (0600) 21 West Maaskade (Tanker P/O) (after Stolt Llandaff (subject fas free)
    362 words
  • Article, Illustration
    Atlantic II arrives
    146 9 THE giant rig, "Atlantic II", belonging to The Ben Line Steamers Ltd, has arrived at its first drilling location in the UK. Hie rig, an Aker H3 semisubmersible operated by Atlantic Drilling Ltd, is contracted to drill two wells in the area by B.P. Petroleum Development. The
    146 words
  • Article
    Ace will call direct at Kaohsiung again
    193 9 THE Ace Oroup of shipping companies yesterday announced that arrangements had been made for their eight container vessels on the Europe-Far East route to call direct again at Kaohsiung in Taiwan. The Ace Oroup comprises Franco Belgium Services, Kawasaki Kisen Kal- sha, Korea
    193 words
  • Article
    Lock icon Taiwanese response
    99 9 Reuter HONGKONG, Mon. Eight shipping companies in Taiwan have applied to order 24 freighters under a government plan to develop the shipbuilding industry, the Central News Agency reported. Plans were announced In June for the building of 21 freighters as part of a development plan that will almost
    Reuter  -  99 words
  • Article
    Lock icon W. Asian freight rates drop
    187 9 AP NICOSIA, Mon. Easing of congestion at West Asian ports is bringing freight rates down In fierce competition, the Middle East Economic Digest reported yesterday. "Too many ships are too little cargo," said the weekly. It quoted authoritative London sources as saying freight rates to
    AP  -  187 words
  • Article
    Five end surcharge
    171 9 FIVE shipping conferences nave announced the end of their surcharge on cargoes shipped through Liverpool. The announcements stated that the conference lines concerned had noticed an Improvement In port operations at Liverpool, and Mr. James B. Fltzpatrick, managing director of the Mersey Docks and Harbour Company, said:
    171 words
  • Article
    P.T. Jayawijaya
    119 9 IP.T. JAYAWIJAYA Is probably the only line operating between Singapore and West Irian. West Irian had been importing a lot of heavy lift cargo and construction machinery, for construction and development projects In the country, but this has slowed down since the recession. Singapore agents: South wind Shipping.
    119 words
  • Article
    Lock icon Sabah company builds two cargo ships
    208 9 AFP LABUAN. Mon. Sabah Shipbuilding, Repairing and Engineering Ltd. near here has built two cargo ships since it became fully operational In 1973. Its spokesman Captain H.M. Stanfield said today that the first cargo ship costing US$7OO,OOO (SSI.7 million) had been completed in 1975
    AFP  -  208 words
  • Article
    Lock icon EXPANDING AIR LINKS
    53 9 Reuter TOKYO, Mon. Japan and Australia agreed to expand their air links during the next three years and Introduce special fares to encourage tourism, the Transport Ministry said. Japan Air Lines and Quantas will each step up their weekly round flights to five from three by 1919,
    Reuter  -  53 words
  • Article
    'Klang may become second class port'
    427 9 KUALA LUMPUR, Mon Unless something is done soon to ease the container backlog at Port Klang. the port could degenerate to a second class status as shippers try to avoid making use of its facilities, shipping agencies said. They said that the situation at
    427 words
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      Page 9 Advertisements Column 1
      76 9 RENTOKIL guards your property against TERMITES, COCKROACHES, RODENTS, ANTS, MOSQUITOES OTHER PESTS for INSPECTION, ADVICE, TREATMENT, Tel: *****5 RENtokil VT-XWW SINGAPORE PTE. LTD. NOW ON SALE at your regular bookshop. The phenomenal bestseller which has taken America by storm L h^^ Te ry L.° f a black American search for
      76 words
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  • Article
    Lock icon Japan heading for more criticism
    1070 10  -  By JULIAN KERR Reuter TOKYO: The friction with other industrialised nations created by Japan's aggressive export drive seems likely to worsen over the next few months as Tokyo's trade surplus increases. With Japan's trading practices under attack from almost every side, one senior official here
    Reuter  -  1,070 words
  • Article, Illustration
    Lock icon London being overwhelmed by the tourist invasion
    663 10  -  By STEPHEN POWELL Reuter LONDON: William Costello, a salesman from Clifton, New Jersey, was not In the best of tempers. "I've been pushed, nudged, poked, stepped on and sworn at In languages I can't understand. I arrived here four days ago and I'm
    Reuter  -  663 words
  • Article, Illustration
    Lock icon India: Starvation in the midst of plenty
    1007 10  -  India has produced a record quantity of grain more than it can store. But amid the rejoicing, a careful appraisal of the situation indicates that the country is still far from being selfsufficient in food, and millions of Indians are still on the
    FT  -  1,007 words
  • Article
    Lock icon Comptroller in a hot seat
    817 10  -  By JOHN HOLUSHA Washington Star WASHINOTON: •Comptroller of the Currency John O. Helmann, whose report will determine the fate of budget director Bert Lance, has been in the hot seat almost from the day he came to Washington. Mr. Helmann was sworn In on July
    Washington Star  -  817 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      275 10 r A while stocks last! i 1 W I :.,i' JB y -i wSV 2*l*? ij al $125/The Timee Atlas of Chine is far mors than a collection of dstailsd, up-to-dats maps. It is an informativs, general guids to modsrn China ths land Itaetf, and ths economy and psoples it
      275 words
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  • Article
    Lock icon All round growth in Taiwan
    401 11 AFP TAIPEH, Mon. Taiwan's gross national product (ONP) reached new Taiwan $354,500 million (5522.7 billion) In the first six months of the year, an Increase of 8.97 per cent In real terms, compared with the similar 1976 period. Agriculture grew by 4.86 per cent, manufacturing
    AFP  -  401 words
  • Article
    Lock icon Strauss to hold talks with Japanese govt
    228 11 AFP TOKYO, Mon. US special trade negotiator Robert Strauss will arrive In Tokyo on Sept. 8 to discuss problems of common Interest with Japanese government leaders, government sources said today. The visit Is timed to coincide with consultations between Japan and the United
    AFP  -  228 words
  • Article
    Lock icon Stricter curbs on Pretoria chrome
    178 11 Reuter TOKYO, Mon. The Japanese government said today It had tightened curbs on South African chormlum imports to stop an Inflow of Rhodeslan chrome. The Ministry of International Trade and Industry said It had Introduced a sampling test for the Imports, which still needed certificates
    Reuter  -  178 words
  • Article
    Lock icon Drop in trade with Reds
    128 11 AP TOKYO, Mon. Japan's licensed Imports from communist nations In July totalled U*****,935,000 (SSS3O million), down 28.9 per cent from June and 17.4 per cent from July last year, the Ministry of International Trade and Industry said today. MITI said imports from China totalled $104,628,000,
    AP  -  128 words
  • Article
    $46,900 for OCBC
    66 11 OVERSEA CHINESE Banking Corporation was yesterday awarded $46,920 compensation for 109 sq. metres of land/property at South Bridge Road by the Appeals Board (Land Acquisition). OCBC's counsel, Mr. M. Karthegesu, had sought $80,000 against $17,800 paid by the Collector of Land Revenue. The 109 sq. metres of
    66 words
  • Article
    Lock icon Foreign firms can still borrow
    126 11 Reuter MANILA. Moa. The Philippine Central Buk hit ■IhiTii frrsiga firms ts oontinife bswnwing ta the domestic credit market pmiitng the issue of rules governing a buk circular providing for limit* on domestic borrowings of foreign firms baaed oa their equity. The more followed a
    Reuter  -  126 words
  • Article
    Lock icon 'Japan's demands will cost $230m'
    309 11 UPI BRISBANE, Mon. A Queensland state government minister said yesterday the Australian sugar industry would lose US$B3 1 million (***** million) per year If it agreed to the demands of Japanese refiners for price reductions under the five-year contract signed two years ago. The refiners
    UPI  -  309 words
  • Article
    Lock icon Invest more in S-EA call
    81 11 Reuter HONGKONG, Mon. Britain should make more Industrial Investments In South-east Asia, the Lord Mayor of London said here today. Sir Robin Glllett, visiting Singapore, Jakarta, Manila and Hongkong on an Asian tour, told a press conference: "The feedback I get Is that we are
    Reuter  -  81 words
  • Article
    Device to monitor smoke emission
    131 11 LESLIE Hartrldge Ltd. of the United Kingdom, will feature Its Hartrldge Smokemeter MK3 at the Machine Asia exhibition In Hyatt Hotel from Nov. 7 to 11. This device enables accurate checks on smoke levels and dispenses with human Judgement of the opacity of smoke emitted
    131 words
  • Article
    Ngee Ann's Phase Two expansion
    256 11 NOEE ANN Technical College's Phase II expansion programme, when completed at the end of the year, will bring the campus area to a total 16 hectares. According to the college's annual report, Phase I Involving 8,370 sq. metres of built-up area (completed In 1975) and
    256 words
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      Page 11 Advertisements Column 1
      103 11 CORPORATE ANNOUNCEMENTS CARRY MORE WEIGHT IN S •sss 5 -^Mwssa,, MM* 1977 —>*» 1 SOUTH N" ♦SS-- -ft -#1 s&sVss. 2^ <\A 1 I r Pt ■f i Because Business Timet is read by the top people in business the decision makers, who look for up-to-date company reports, price indices
      103 words
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  • Article, Illustration
    Lock icon Thrust of new Aussie budget will not change
    480 12 Reuter SYDNEY, Mon. Bankers and economists here say they expect the 1977/78 Australian budget will continue on the same deflationary path as the previous budget with a further reduction in the government deficit. The main thrust of the budget will be directed
    Reuter  -  480 words
  • Article
    Lock icon Japanese power firms hail that decision
    216 12 Reuter TOKYO. Mon. Japanese power companies today welcomed the Australian Government's decision to authorise the mining and export of Its huge uranium reserves. Government officials declined comment on the decision pending an official report from the Japanese Embassy In Canberra. But they said Japan,
    Reuter  -  216 words
  • Article
    Lock icon Fraser okays the mining and export of uranium
    755 12 Reuter CANBERRA, Mon. Prime Minister Malcolm Fraser's Cabinet has decided to authorise the mining and export of Australia's huge uranium reserves, government officials reported today. The officials said the government had also decided to establish a Uranium Advisory Council to monitor and
    Reuter  -  755 words
  • Article
    Butane gas plant one of IESC's 22 projects
    372 12 A US$l.B million ($4.4 million) factory to manufacture butane- gas stoves is planned for Jurong. It is one of 22 new projects which the International Executive Service Corps (I ESC) will help set up In its fiscal year to July 31, 1978.
    372 words
  • Article
    HSBC: the name is still the same
    120 12 THE Hongkong and Shanghai Banking Corporation has no plans to shorten its name to "The Hongkong Bank" despite the use of the latter in its present advertising campaign. Mr. M.O. Stone, the bank's manager of branches told Business Times that the name "Hongkong
    120 words
  • Article
    Tussle over Pulau Tekong Kechil ends
    315 12 THE Appeal Board (Land Acquisition) yesterday awarded lawyer Pkilip Hoalim, 83. 11.022,090 for tke acquisition of Pulaa Tekong Kechil, thus ending a tkroe-yoar legal tussle between the State and Mr. Hoalim over the island. The award was made with interest from 1971 plus costs.
    315 words
  • Article
    Move by HDB to prevent abuse
    97 12 THE Housing and Development Board has Introduced new rules to accommodate the preferences of residents and to tighten registration of applications to prevent abuse. This was disclosed by Dr. Tan Eng Liang, the Minister of State for National Development, during the Delta Constituency National
    97 words
  • Article
    Lock icon Filipino industry to grow at faster rate
    140 12 Reuter MANILA, Mon. Philippine Industry is forecast to grow at 9.7 per cent annually over the next five years, compared with 8.2 per cent in the last four years, according to a draft plan submitted by the Department of Industry. The share of
    Reuter  -  140 words
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    LONDON STOCKS
    692 12 LONDON, Hon. Stock prices roee slightly, and at 3 p.m. Um FT Index was up 4.S at 476.7. Government bonds pared Initial tain* of up to and closed around lower. Equities edged higher after an uncertain start, with leading issues adding a penny or two. Gold shares eased
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    Air insurance not a bed of roses
    940 12 PREMIUM Income from aviation insurance Is not as large as Is commonly thought nor is It Invariably profitable. Mr. Henry White-Smith, senior partner and aviation director of a UK company Willis, Faber and Dumas said at a luncheon talk yesterday that world aviation
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    Schroders' moves will boost SIMBL in Asian $ mart
    549 12 Schroders' moves will boost SIMBL in Asian mart RECENT moves by one of the major shareholders In Singapore International Merchant Bankers Ltd (SIMBL) will boost Immeasurably the capability of the merchant bank in the Asian Currency market. One of Its four shareholders, Schroders Ltd of London, has announced several major
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    Lock icon Thanin to visit S. Korea and Japan
    133 12 Reuter BANGKOK, Mon. Thai Prime Minister Thanin Kraivlchlen will pay official visits to Japan and South -Korea early next month, an official spokesman said here today. He said Mr. Thanin, would go to Tokyo in the first week of September before going on
    Reuter  -  133 words
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    Lock icon Eurasbank branch
    47 12 Reuter BANGKOK, Mon. The Thai Finance Ministry has recommended to the Cabinet that the European Asian Bank be allowed to establish a branch here, a ministry official said. The Thai Farmers Bank will be given reciprocal rights and will set up a Hamburg branch. Reuier
    Reuter  -  47 words
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    Lock icon Reds die
    30 12 Reuter IPOH, Mon. Three communist guerillas and two local defence force men were killed today In a clash near the Thai border, a military commander said here. Reuter.
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    Lock icon Poverty in rural areas still persists
    160 12 Reuter KUALA LUMPUR. Mon. Rural poverty persists In Malaysia despite the dominant role of agriculture In the national economy, Agriculture Minister Datuk All Ahmad said here today. Agriculture provided employment for nearly 50 per cent of the economically active population and accounted for 60
    Reuter  -  160 words
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    Lock icon Jobless up
    25 12 Reuter PARIS, Mon. French unemployment rose to a post-war record 1,180,000, seasonally adjusted. In July after 1,150,600 In June, the Labour Ministry said.
    Reuter  -  25 words
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    Boosting output of office workers
    220 12 WHITE COLLAR workers have not received sufficient attention for productivity Improvement efforts because they are viewed as playing a supportive role. This was said by Mr. Loo Heng-shuen, executive director of the National Productivity Board, at the opening of the In-service course on organisation and
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    How tiny firms can reach out to world
    156 12 SMALL business enterprises should merge and strengthen their organisations to expand their operations overseas. The call was made by Mr. Chor Yeok Eng. the Senior Parliamentary Secretary to the Ministry of the Environment, at a, dinner organised by the Singapore Secondhand Motor
    156 words
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