The Business Times, 13 September 1977
1977-09-13
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The Business Times
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Title Section10 1977-09-13 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, SEPTEMBER 13, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article67 1977-09-13 1 AFP COLOMBO, Mon. Japan will provide Sri Lanka with a loan of 4,500 million yen (5541.27 million) for economic development and a grant of 1,100 million yen for a teaching hospital. Letters providing for this aid were exchanged here today between the Japanese Ambassador Keisuke OchiAFP - 67 words
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Article60 1977-09-13 1 Reuter ZURICH, Mon. Luxembourg's plans to free gold bullion and coin transactions from value added tax next year should not Impair the Importance of Zurich as a gold trading centre, bullion bankers said here. Zurich has very considerable expertise in handling physical gold and has well establishedReuter - 60 words
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Article63 1977-09-13 1 KUALA LUMPUR, Mon. The first Philippine trade mission to tour the Asean countries arrived here today to spread "goodwill and trade" In the region. Head of the 12-member mission, Mr. Gregorio Sta Maria said the foremost aim of the mission Is, as a follow-up to the Asean63 words
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Article61 1977-09-13 1 Reuter MELBOURNE, Mon. For Australian motorists it was bad news today when the National Prices justification Tribunal granted oil companies a 6.7A cent (18 S cents) increase per 4.5 litres In the wholesale price of petrol. The rise will mean at least an extra 11 cents forReuter - 61 words
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Article56 1977-09-13 1 KUALA LUMPUR, Mon. Travel agents, tourist transport operators, and hotel operators will soon be subject to new regulations currently being drafted by the Tourist Development Corporation. Deputy Trade and Industry Minister Dato Mohamed Rahmat said today the step was necessary as a result of many complaints from tourists56 words
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Article46 1977-09-13 1 AFP SEATTLE, Mon. The Boeing Aircraft Company today denied a New Delhi press report that it may have paid Rajiv Gandhi, eldest son of former Indfan Prime Minister Mrs. Indira Gandhi, U*****,000 (552.42 million) in commission on the sale of planes to India. AFP.AFP - 46 words
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Article121 1977-09-13 1 UPI NEW YORK, Mon. Stocks headed broadly lower early today amid investor fears the Federal Reserve Board would tighten credit further and force short-term interest rates higher. The selling and concern were sparked by the Fed's report late last week of a surprising US$3 billion (557.35 billion) surgeUPI - 121 words
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Chief Price Changes
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Article, Illustration196 1977-09-13 1 GENERALLY, easier conditions prevailed as the wait-and-see attitude grew pervasive on the Stock Exchange of Singapore yesterday. Losses among the active stocks ranged between four and 10 cents. The Business Times index finished 4.19 points lower at 423.42 while the Straits Times Industrial index dipped 0.69 point196 words
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Article121 1977-09-13 1 Falls Most active NIron 3 08 24 Most active: Pan-Elec 1 72 -22 Guthrie Ropel 697,000 P Textile 0 75 -.07 Olympla 329,000 D Baby 1 28 07 Slme Darby 104,000 UE(M) 109 -.06 M'sla Weaving 102,000 Q Ceramics Tongkah P Carbide 1 69 2.50 0 80121 words
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1480 1977-09-13 1 RONNIE LIM - SINGAPORE'S DIESEL PROJECT By RONNIE LIM RECENT developments around the Asean dlesel engine project assigned to Singapore have cast some doubts on its feasibility, but some leading international manufacturers are confident the project can still pull through despite the constraints. This follows agreement after the1,480 words
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Article159 1977-09-13 1 AP BRUSSELS, Mon. Consumers prices slowed down in July lBuaom« ef th« major West European countries, but were still rising at an annual rate of 18.8 per cent In Italy and 17.5 per cent In Britain. Inflation in the United States is running at aboutAP - 159 words
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Article455 1977-09-13 1 FINANCE Minister Mr. Hon Sui Sen will lead a five-man Singapore delegation to the Joint IMF-World Bank meeting in Washington from Sept. 26 to 30. Other members In the team are Mr. Michael Wong Pakshong, managing director of the Monetary Authority of Singapore; Mr.455 words
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Article528 1977-09-13 1 AMERICAN products compete well In the Asean market In terms of quality, durability and low maintenance, but Japanese manufacturers have an advantage in the better financing terms that they usually offer. "At least," Mr. Thomas C. Moore, director of the US International Marketing Centre (US IMC),528 words
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144 1977-09-13 1 SEOUL, Mon. The government plana to ask for National Assembly approval to seek foreign public loans totalling U552,744.9 million (556.725 million) with half this sum earmarked for two nuclear power stations, officials said today. The officials at the government economic planning board said a144 words
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288 1977-09-13 1 BRITAIN'S commercial banks responded smartly yesterday to Friday's reduction in minimum lending rate by the Bank of England. Led by the biggest of them all. Barclavs. the "Big Four" announced that they were reducing their base rates from eight to seven per cent288 words
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Article39 1977-09-13 1 FOR the first time since option trading was started in Singapore the Option Trading Boards at the Stock Exchange of Singapore were perfectly clean slates yesterday. Not a single quotation was put up throughout the day.39 words
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364 1977-09-13 1 AFP GENEVA, Mon. A warning that protectionism could jeopardise economic recovery and upset industrial restructuring was issued today by the General Agreement on Tariffs and Trade (Gatt) In Its annual report. It said: "The spread of protectionist pressures may well be the most important currentAFP - 364 words
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177 1977-09-13 1 Reuter TOKYO, Mon. Mr. Toshlwo Doko, president of the Federation of Economic Organisations (Keldanren), said he hopes Japan's large trade surplus will be resolved through expansion rather than contraction. He said that the question should be taken up seriously from a global viewpoint atReuter - 177 words
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Page 1 Advertisements
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Advertisement45 1977-09-13 1 [@/}.~><-@,-">@*;{<*;;&];)+`:`$ INSIDE Overseas New*/ TV Radio Overseas News/ Crosswords Local Co. News International Co. News Local Stocks Overseas Stocks P 1 F 2 Commodities P 8 p 3 Transport ft Comp < munications P 9 Features P 10 p Local Overseas p g News P 11. 1245 words
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Advertisement40 1977-09-13 1 WTgRTOB SIX-MEN SKID MOUNTED BUNK HOUSES NOW AVAILABLE EX-STOCK ALSO FULLY FURNISHED TWO BEDROOM UNIT INCLUDING BATHROOM, ETC. BEAUTIFULLY FINISHED. INTERFAB PRIVATE LTD A T H 1 H i.r I' 24 Juronq Port Road Jurong Singapore 22 Tol *****88 EBM40 words
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Advertisement102 1977-09-13 1 V-Bix COMPLETE COPYNG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE Tei *****2 (5 Lines) APS ELECTRONICS (M) SDN BHD KUALA LUMPUR Tel 2174 7/*****/***** SEE PAGE 2 AND 11 We have industrial premises available in most industrial estates throughout Singapore ••Si.: Covered areas from 929 sq. m. to 17,094 sq. m.102 words
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OVERSEAS
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186 1977-09-13 2 AFP LONDON, Mon. Japanese products will win a growing share of the British market in years to come, causing unemployment and business failures, a majority of industry leaders believe, according to a survey published here by the magazine, Business Administration. The survey involved 156AFP - 186 words
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Article69 1977-09-13 2 AFP KUWAIT, Mon. Kuwait has agreed to double its undertaking to the special development fund set up by the Oranlsation of Petroleum Exporting Countries (Opec), official sources said here yesterday. Kuwait's share of the capital provided by the fund will now total US$l44 million (***** million). TheAFP - 69 words
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920 1977-09-13 2 MITI EXPLODES TRADE MYTH AFP Reuter TOKYO, Mon. Japan, severely criticised for Its competitiveness In International trade. Is beginning to doubt whether Its detractors really want to export. Japan's main trading partner, the United States, is feeling the effects of a U553,993 millionAFP; Reuter - 920 words
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Article420 1977-09-13 2 AP AFP WASHINGTON, Mon. The US Justice Department's criminal fraud division is studying the results of a new government Investigation that reportedly delves into Mr. Bert Lance's personal use of bank-owned aircraft. Mr. Lance, a long-time personal friend of President Carter, heads the Office of Management andAP; AFP - 420 words
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455 1977-09-13 2 AP Reuter OSLO, Mon. A big voter turnout for the Norwegian general election strengthened expectations today of a swing to the Right and the defeat of the four-year-old Labour Government. No returns from the twoday voting will be available until afterAP; Reuter - 455 words
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186 1977-09-13 2 AFP JERUSALEM. Mon. Israel has turned down a Swiss request for the extradition of an Israeli wanted on charges of defrauding Swiss banks of about 1.0 million Swiss Francs (SS9.B million), government sources said here today. However, the man wanted by the Swiss police,AFP - 186 words
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648 1977-09-13 2 AP TOKYO. Mon. China said today that though it is "self-reliantly" bulldlncan Independent and complete economic system, that "does not mean we are closing our doors to the rest of the world." Outlining the drive to achieve industrial superiority by the turn of the century,AP - 648 words
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563 1977-09-13 2 UPI PARIS, Mon. French Prime Minister Raymond Barre goes to Washington on Wednesday with a basketful of ideas for President Carter on how to make world and FrancoAmerican relations work better. In the eyes of the Paris Government Mr. Barre's three-day trip shouldUPI - 563 words
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345 1977-09-13 3 Reuter WASHINGTON, Mon. The International Monetary Fund said the industrial nations which continue to run massive current account surpluses should reduce them to help the international adjustment process. The IMF's annual report said many countries are running current account deficits which are not sustainable.Reuter - 345 words
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Article211 1977-09-13 3 Reuter WASHINGTON, Mon. The International Monetary Fund observed in its annual report released here that the volume of world trade seems to be settling into a more sustainable expansion pace this year. The IMF said after four years of extremely uneven developments dominated by cyclicalReuter - 211 words
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526 1977-09-13 3 IMF ANNUAL REPORT Reuter WASHINGTON, Mon. The International Monetary Fund said despite greater flexibility of exchange rates In recent years, there are still substantial payments Imbalances and the manner In which' liquidity is provided remains a "matter of central concern." The IMF also saidReuter - 526 words
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216 1977-09-13 3 Reuter WASHINGTON, Mon. The International Monetary Fund said the average rate of price increases in the major oil exporting nations was cut to about 15 per cent in 1976 from 18 per cent in 1975. Its annual report said this reduction was due to tighterReuter - 216 words
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Article94 1977-09-13 3 Reuter WASHINGTON, Mon. The International Monetary Fund remained a large lender of funds in the year ended April 30, although its level of assistance was somewhat lower than in the two previous years. It lent members 4.91 billion Special Drawing Rights (SDR) during the fiscalReuter - 94 words
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362 1977-09-13 3 Reuter WASHINGTON, Mon. The International Monetary Fund estimates the major oil exporting nations will have a current account balance of payments surplus of US$37 billion (5590.7 billion) this year, down from the $41 billion surplus the group had in 1976. For the industrial worldReuter - 362 words
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597 1977-09-13 3 NYT MEXICO CITY, Mon. With foreign confidence In the Mexican economy apparently returning, Mexico is planning to seek Its largest ever loan abroad a US$l.2 billion (552.94 billion) credit on the Eurodollar market. The syndicated loan of dollars deposited outside the UnitedNYT - 597 words
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Article577 1977-09-13 3 UPI WASHINGTON, Mon. Developments during the past two years suggest that coal and nuclear power have no long-term future, leaving the sun as the only hope for solving global energy needs, a new major report said over the weekend. Compared to the 20 per centUPI - 577 words
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235 1977-09-13 3 AP NEW YORK. Mon. Tory leader Mri, Margaret Thatcher aaya Britain'* labour uniona will be "better off and regain their independence" under the leadership of a Conservative Party government. In an interview with Time Magazine, Mra. Thatcher ia quoted aaAP - 235 words
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Article109 1977-09-13 3 AP LONDON, Mon. British Industry is overwhelmingly In favour of remaining in the common market, according to a survey published today by the London Dally Telegraph. The survey found industrialists widely convinced that Britain's exports would suffer and unemployment would rise If Britain withdrew fromAP - 109 words
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755 1977-09-13 3 NYT WASHINGTON, Mon. In a long-awaited report, the General Accounting Office estimates that the cargo preference bill supported by the Carter Administration could raise the nation's fuel bill by US$55O (551,340) to $610 million a year more than five times theNYT - 755 words
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340 1977-09-13 3 Reuter NEW YORK. Mon. The credit market reacted with sharp selloffs and shortterm Interest rates rose last week in response to another surge of US money supply. The Federal Reserve, presumably acting to restrain growth of the aggregates, siphoned off excess banking reservesReuter - 340 words
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Page 2 Advertisements
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Advertisement147 1977-09-13 2 ME THE PROFESSIONALS OUT OF CONTROL? Tinker, tailor, soldier, sailor, rich man Doctors, architects, engineers and professors too NEW DIRECTIONS puts them all under the microscope. WOULD YOU SNOW A SNIH FROM A IZU NEW DIRECTIONS takes an illuminating look at the intricacies of translating Chinese poetry and makes readable147 words
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Page 2 Miscellaneous
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Miscellaneous319 1977-09-13 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Sept. 12 at Singapore airport. Maximum Temperature 31.2° C Associated Humidity 67 Minimum Temperature 23.9° C Associated Humidity 98 Hours of Sunshine 7.80 Rainfall in Millimeters nil Rainfall for the Month 62.2 Total Rainy Days for the Month319 words
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Page 3 Advertisements
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Advertisement64 1977-09-13 3 SEE PAGE 10 COPPER TUBE PIPE For all your requirements in: Air-conditioning Heat-exchanging Plumbing etc... s aapfato-" i==■ —SSm r MERITS: 1. Excellent quality 2. Available even in small quantity j 3. Short delivery terms 4. Stabilized supply SINGAPORE KOBE PTE. LTD. a subsidiary of KOBE STEEL in Japan NO.64 words
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Page 3 Miscellaneous
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Miscellaneous611 1977-09-13 3 TWO-IN-ONE CROSSWORD timty. CRYPTIC PUZZLE ACROSS 4 Girl Ray turns to for money (6) 7 Beat as an indicator? (8) H Nothing sailors ate was nice to see (6) 10 Baffle the batsman? (5) 13 Fight to get a big-head displaced (4) 14 A kidding farewell (2-2) 15 Knocks a611 words
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COMPANY NEWS
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514 1977-09-13 4 ALTHOUGH it achieved significantly higher earnings for the first half-year ended June 30, 1977 Far East-Levlngston Shipbuilding has forecast "considerably reduced revenue and profit over the whole year" and staff retrenchment. For the first half, the company reported a hefty 80.1 per cent rise514 words
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Article310 1977-09-13 4 H L cautious forecast HIGHLANDS and Lowlands has reported a 71.6 per cent increase In unaudited pretax profit to M 523.49 million for the six months ended June 30. 1977, thanks to the higher prices obtained for all its commodities. But its immediate future may not be as rosy, primarily310 words
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Article69 1977-09-13 4 TUAN Haji Hanafiah bin Haji Ahmad has been appointed to the board of Kuala Sidim Rubber and Y.M. Raja Dato Muhammad Alias bin Raja Mohd. Ali to the board of Selangor Coconuts. International Wood Products announced that Mr. Haruyuki Ohta will be appointed as director to replace69 words
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330 1977-09-13 4 MULTI PURPOSE HOLDINGS, the newly formed public company sponsored by the MCA has taken a 22.7 per cent stake in housing development company, Bandar Raya Developments. According to a press release from Bandar Raya, Multi-Purpose holds 3.43 million of the company's shares which have risen330 words
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LATEST RESULTS
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Article61 1977-09-13 4 Pre-tax M 59.19 million ($6.86 million) for the year ended June 30, 1977. Tax $4.34 million ($3.69 million) leaving net profit $4.85 million ($3.16 million). Output of tin concentrates 23,217 plculs (26,106 plculs). Average Penang price per plcul $1,341 ($1,020). Final dividends 50 per cent (40 per61 words
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Article23 1977-09-13 4 Unaudited pre-tax profit $185,510 ($135,040) for the first six months ended June 30, 1977. Tin ore output 2,162 plcuts (2,360 plculs).23 words
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Article23 1977-09-13 4 Unaudited group pre-tax profit M 5163,751 ($23,455) for the first six months ended June 30, 1977. Sales $4.36 million ($5.79 million).23 words
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Article24 1977-09-13 4 Unaudited group pre-tax profit M 5597,945 ($529,405) for the first half year ended June 30, 1977. Sales $3.73 million ($4.69 million).24 words
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Article373 1977-09-13 4 Currant Ex Date Total for Total for payment Date payable the year previou s year Selangor Properties 8%I Aug 23 Sept 18 8%I 16% Alexandra Holding* 5% Sept 6 Sept 19 5% 5% C. Sue an 10% Sept 5 Sept 29 15% nil International Wood 10%TE Aug 8373 words
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332 1977-09-13 4 MALAYAN UNITED Industries' recent diversification continues to show good returns judging by the 33.2 per cent rise In group pre-tax profit to M 5194.365 for the first half-year ended June 30, 1977. On a revenue Increase of 21.8 per cent to $1.34332 words
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244 1977-09-13 4 JACK CHIA-MPH and Metro Holdings have reached an agreement in principle whereby JC-MPHs subsi-* diary, MPH, is to operate bookstores in Metro's chain of department stores in Singapore. A joint announcement says the agreement, which is scheduled to be operational in mid-Novem-ber this year,244 words
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COMPANY MEETINGS
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Article17 1977-09-13 4 Sept 20 at the Cempaka Room, Hotel Equatorial. Jalan Sultan Ismail, Kuala Lumpur, Malaylaa.17 words
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Article23 1977-09-13 4 Sept 21 at 10.30 a.m. at the Registered Office, 12th Floor, Yee Seng Building, Jalan Raja Chulan. Kuala Lumpur.23 words
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Article25 1977-09-13 4 THE following company meetings we due: Sept. 17, 12 noon at the Gardenia Room Shangri-La Hotel, 22 Orange Orove Road, Singapore 10.25 words
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Article18 1977-09-13 4 Sept. 17 at 15th Floor, Rooms 1511/1512, Shlng Kwan House, 4 Shenton Way, Singapore 1.18 words
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Article11 1977-09-13 4 Sept. 19 at the Registered Office, Batu Tlga, Selangor.11 words
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927 1977-09-13 4 NYT NEW YORK: Many companies that set up day-care centres in the late 1960s and early 1970s largely at the behest of the women's movement have abandoned them after finding that they get little use. Concerns such -as American Telephone and Telegraph (with 800,000NYT - 927 words
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762 1977-09-13 4 NYT NEW YORK, Mon. America's love affair with the car continues undiminished, even though the romance is becoming more and more costly to maintain. For months the bulwarks of the American economy have been sales of housing and sales of cars. New figures nowNYT - 762 words
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160 1977-09-13 4 AFP TOKYO, Mon. Ishlkawajlma Harlma Heavy Industries (IHI), a major Japanese industrial machinery maker, and Asahl Breweries, a leading beer producer, plan to export beer brewing plants mainly to Latin America and Europe in a tie-up. IHI and Asahl spokesmen said that the twoAFP - 160 words
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Article74 1977-09-13 4 Reuter TOKYO, Mon. Nippon Kokan Kalsha (NKK) said it received a 3.5 billion yen order from Anders Jaher of Norway to remodel three bulk carriers of 41,000 to 51,000 deadweight tons Into roU-on, roll-off car/bulk carriers, for delivery by June 1978. The Japanese shipyard also said ItReuter - 74 words
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774 1977-09-13 4 NYT NEW YORK, Mon. Ask the average stockbroker how business has been lately and you are apt to get a Bronx cheer. But it is a different story at the socalled discount houses that offer customers substantial savings in commissions onNYT - 774 words
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Article55 1977-09-13 4 AFP HONGKONG, Mon. Textile Corporation of Hongkong announced a consolidated net profit of HK $1.5 million for the year ended March 31, 1977 This Is a gain of $588,000 over the previous 15-month accounting period. A brief company announcement said its directors were recommending a dividend ofAFP - 55 words
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Page 4 Advertisements
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Advertisement553 1977-09-13 4 This months new Penguins F SCOn FITZGERALD 11 1 IISI IHI 4 <S r.** *»*4r A THE IMPERIAL 9 ACHIEVEMENT Tha 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 Hollywood553 words
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INTERNATIONAL COMPANY NEWS
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530 1977-09-13 5 NORTH AMERICAN COMPANIES NYT IT IS ALMOST as If the calendar had been turned back 15 or 20 years In the television business. Competitors are screaming that Zenith is setting off a price war with Its programme of promotion allowances. RCA is saidNYT - 530 words
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450 1977-09-13 5 NYT THE Indian Government has decided in effect to allow International Business Machines to split Into two companies In India to enable It to comply with the Foreign Exchange Regulations Act that requires the company to dilute Its equity. An official source said theNYT - 450 words
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Article286 1977-09-13 5 NYT A NEW WEEKLY newspaper, the Escanaba Reporter, published Its first issue here last week, the first of three new publications planned In Michigan's Upper Peninsula following public uproar over the dismissals last June of the editors of the Escanaba Dally Press and the Marquette MiningNYT - 286 words
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Article70 1977-09-13 5 EUROPEAN COMPANIES Reuter BIRMINGHAM, Mon. A 10-week strike by car component workers ended when 1,200 toolroom workers at Lucas agreed to accept the management's pay offer and return to work, union sources said. The dispute has caused British Leyland to stop production of seven modelsReuter - 70 words
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Article63 1977-09-13 5 Reuter ROME, Mon.— Esso Italia na SPA said In a statement that It has been notified by the Italian Foreign Exchange Office (UIC) of possible Infractions of exchange controls In operations dating from 1972, but the company has denied committing such Infractions. Esso Italiana alsoReuter - 63 words
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Article59 1977-09-13 5 Reuter PARIS, Mon. Caisse Nationale de Credit Agrlcole will borrow US$BO million through a five-year floating rate bond before the end of the year, banking sources said. Minimum coupon has not yet been fixed but the bond will carry a margin of 'A point over six-month London Interbank OfferedReuter - 59 words
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Article77 1977-09-13 5 Reuter PARIS, Mon The US$2O million to $25 million credit being organised by STE Financiere Europeenne for Agip SPA will be for six years, banking sources said. The loan could be floated In two tranches, one bearing a fixed interest rate and the other a floating rate, butReuter - 77 words
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Article27 1977-09-13 5 Reuter FRANKFURT. Mon The US$25 million 7'/i per cent seven-year Eurobond for Henkel International Finance (Curacao) was priced at par. lead manager Deutsche Bank Ag said.Reuter - 27 words
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1674 1977-09-13 5 NYT SAN FRANCISCO: Visitors to the headquarters of the Wells Fargo Bank on Montgomery Street are greeted In the lobby by a rugged. 1,130-kg stagecoach that once carried Eassengers and mall in >ng, lurching rides across California's high Sierra Mountains. The stagecoach notNYT - 1,674 words
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751 1977-09-13 5 VIENNA, Mon. The recent reshuffle in the boardroom of the fourth largest Austrian bank, the Central Vienna Savings Bank (Zentralsparkasse der Gemelnde Wlen) coincides with a decisive push to the spread of universal banking and to keener competition within the savings bank751 words
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Article78 1977-09-13 5 Reuter FRANKFURT. Mon. Credit National of Paris plans to launch a 150 million mark maximum 10year Eurobond, probably at six per cent, lead manager Dresdner Bank Ag said. Repayment will begin on Oct 1 1983 and will take place in five stages through drawings from the market and/orReuter - 78 words
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Article468 1977-09-13 5 ASIAN COMPANIES AUCKLAND, Mon. Reflecting the better performance of the International aviation industry generally, Air New Zealand recorded a net profit for the year ended March 31, 1977, of NZ511.67 million, more than $6 million higher than the $5.57 million recorded the previous year.468 words
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Article195 1977-09-13 5 Reuter MELBOURNE, Mon. Boustead Australia reported that unaudited consolidated operating profit rose from A 5187,000 to $343,000 for the first halfyear ended June 30, 1977. Sales increased by about 34 per cent to $4.2 million from $3.14 million previously. It declared an interim dividend of two cents payableReuter - 195 words
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Article155 1977-09-13 5 Reuter MANILA Mon. The Philippines will float mark bonds worth about U5543.5 million In West Oermany hopefully next month, Finance Secretary Cesar Virata said. He said the bonds, to be Issued through Dresdner Bank, will be listed on the Frankfurt Stock Exchange, with a maturity of upReuter - 155 words
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Article128 1977-09-13 5 Reuter TOKYO, Mon. A group of Japanese banks are considering a request from CBR, sales agent for the Queensland Sugar Board, for a ASSO million loan, the Bank of Tokyo said. The bank refused to disclose details because talks between Japanese sugar refiners and CSR over aReuter - 128 words
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563 1977-09-13 5 FT LONDON, Mon. A new government strategy to help small companies by designing special tax arrangements which will encourage them to expand their businesses is likely to be considered soon by ministers. This will form part of a general review of how theFT - 563 words
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259 1977-09-13 5 MELBOURNE, Mon. Western Mining Corp., the big nickel mining group, reported that unaudited consolidated operating rose 13.2 per cent from AJ22.6 million to $25.58 million for the year ended June 30. 1977. Revenue increased at a higher rate of 25 per cent to259 words
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Page 5 Advertisements
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Advertisement148 1977-09-13 5 The Australian National Line ir-u —i ANL F NEW 11-DAY RQRO SERVICE TO AUSTRALIA From October 1977, the Australian National Line, Australia's largest shipping organisation, will commence 11-day sailings between Brisbane, Sydney, Melbourne, Tasmania, Adelaide. Fremantle, Jakarta, Singapore, Port Kelang and Penang. They will also accept cargo from Bangkok by148 words
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Article2332 1977-09-13 6 1977 High Low Company Last Safe +orGr'« div Div c'vr Gr'» y'ld Net P/E Vol Day 000) High Low SECTION ONE 154 204 116 238 88* 198' 169 224 414 171 136 172 58 212 57' 155 152 182 350 145 Ac ma Alcom Allied Choc Bata2,332 words
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Article1388 1977-09-13 6 BID and offer prices officially luted and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after the word Sett Big Board1,388 words
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Article1658 1977-09-13 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Aema (1.408 1.455). Alcorn (1.868).. A. Choc (1098) (1) 1.10. (2)1,658 words
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Article159 1977-09-13 6 INCOME BOND UNIT SINGAPORE UNIT TRUST (Current price*) INCOME BOND 107 I Managers' pricc a for Sept 13) 1.13 The Commerce 1.74 1.84 MARA BUMIPUTRA FUNn The Saving Fund 1.03 109 i Manager*' price* i for Sept 13) 2.23 2 28 S'pore Prog Fund 0 87 0 92159 words
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Article160 1977-09-13 6 BO T 8 1/2% 198J (100.000) (103UB 104 US) B O T 7 5/8% 1984 (100,000) (99U8 99US) (SbIS? B J 1982 (,00 00 Credit Lyonnait Floating 1983 (100.000) (98UB 98HS) DBS Convert* 6 1/2% 1991 (100,000) (97' iB 98 US) D B S 8 1/2% 1982 (100.000)160 words
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Article56 1977-09-13 6 Rep Spore D Mark 7% 1982 (100,000) (1018 JOIUS) Rep Spore 6 1/2% 1983 (100.000) (99U8 100 US) Rep Spore 7 3/4% 1987 (100.000) (100'UB 101 US) S 1/4% 15/7/78 (250,000) (101.05B) 4 3/4% 1/5/79 (250.000) (100 90S) 6 3/4% 15/6/80 (250.000) (104.50B) 5 3/4% 1/6/78-80 250,000) (10156 words
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Page 6 Advertisements
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Advertisement176 1977-09-13 6 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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Article, Illustration619 1977-09-13 7 GENERALLY easier trading conditions prevailed as the wait-and-see attitude grew pervasive on the Stock Exchange of Singapore yesterday. Brokers reported a singular lack of fresh commitments and attributed the bulk of the reduced trading volume to book-squaring account. There was no concerted selling pressure either. Scattered profit-taking619 words
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Article399 1977-09-13 7 SHARES eased in quiet and listless conditions on the Kuala Lumpur Stock Exchange yesterday. Trading continued light and selective as traders generally remained on the sidelines, adopting a wait-and-see attitude. As a result, turnover for the day amounted to a modest 2.72 million units valued at399 words
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1182 1977-09-13 7 NYT NEW YORK: Gold fever has quietly broken out for the second time this year. It Is being spread by refugees from a lethargic stock market and carried in gloomy economic Indicators. The current outbreak may also be traced to a number ofNYT - 1,182 words
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INTERNATIONAL STOCK MARKETS
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Article371 1977-09-13 7 HONGKONG: The market closed little changed In fairly quiet trading on Monday, after an easier opening, dealers said. The Hang Seng lndejc dropped 0.96 points to close at 428.99. Hongkong Bank rose 10 to HK$lB.OO, while Hongkong Land fell five to $6.80, Swire Pacific 10 to $6.35, Jardine Matheaon371 words
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Article511 1977-09-13 7 TOKYO: Share prices closed slightly higher In moderate trading on Monday, dealers said. The Dow Jones average rose 5.03 to close at 5.203.16 with volume 170 million shares. The New Index was 385.57, up 0.25 The market recovered sharply In early trading with mounting interest in electrlcals. but trading511 words
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Article397 1977-09-13 7 SYDNEY: The market closed mixed on Monday, with mines easier at the start of the Australian Trade unions congress and after lower London metal prices on Friday, dealers said. The Sydney All-Ordinaries closed at 442 41 points, down 0.78 Pancontinental fell AlO cents to 96.80. Queensland Mine* 13 to397 words
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Article124 1977-09-13 7 MANILA The market closed mixed on Monday, with commercials advancing fractionally while oil and mining issues declined, dealers said. Turnover slipped to 9.40 million pesos from last Friday's 10.56 million. SEPT 12 Pesos Acoje Mining Atlas Con. A Atlas Con. B 01 17.70 18.00 unch +0.1 unch Bagulo Gold124 words
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Article108 1977-09-13 7 SEPT 12 Bahts Asia Fibre Bangkok Bank Bangkok Invest Bangkok Metro politan Bank Bata Berll Jucker Charoong Thai Wire Dumex Duslt Thanl Faber Merlin First Trust Oenera Finance Indo-Thal Industrial Finance Corp J And J Ho Jalaprathan Cement Kamasuta Lee Kwang Min Metal Box Rama Towers Safety Insurance Saha108 words
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Article79 1977-09-13 7 AP NICOSIA, Mon. Iraq has awarded the Japanese firm, Toyo Menka Kalsha a U5522.5 million contract for construction of an electric power station at Al-Taji. 39 km north of Baghdad, the Middle East Economic Survey reported. Construction work on the station, which Is to haveAP - 79 words
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Article71 1977-09-13 7 Reuter SYDNEY, Mon. The Bellambl Coal Co. Ltd signed a 10-year contract for the export of coal to the China steel Corp of Taiwan in the year ended June 30, the company said In its annual report for the year. The contract provides for the deliveryReuter - 71 words
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1222 1977-09-13 7 GEORGE McBURNIE - By GEORGE McBURNIE FT I VANCOUVER. Mon. The last of the Wild West stock exchanges, as Vancouver's large speculative mining board Is widely known, Is gradually being tamed by the regulatory authorities In an effort to reduce the risks to investors. But theFT - 1,222 words
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Article169 1977-09-13 7 Reuter FRANKFURT. Mon. The Banco Naclonal de Obras Y. Servlclos Publlcos of Mexico planned mark Eurobond will total 150 million marks rather than the 100 million originally envisaged, bond market sources said. Maturity will be seven years. Lead manager Dresdner Bank is expected in Midweek toReuter - 169 words
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Article109 1977-09-13 7 Reuter CANBERRA, Mon. The Foreign Investment Review Board approved proposed acquisitions by Shell Co. of Australia In two Australian coal miners, a government statement said. The approval means Shell can go ahead with proposals to acquire 16.6 per cent of Thless Holdings' issued capital from Mlm HoldingsReuter - 109 words
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Advertisement539 1977-09-13 7 BUSINESS TIMES Airline Directory Aeroflot Soviet Airlines 110-112 Show Centre, Orchard Rood, Singapore 9 (Tel: 377.111) Air Ceylon 302-1, 3rd Floor, Marina House Shenton Way, Singapore (1) (Tel: *****88) Air Franca Ground. Floor, ICB Building, Shenton Way Singapore 1 (Tel: *****11) Air India 16th Floor, UIC (Tel: 2205.277) Building, Shenton539 words
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COMMODITY REPORTS AND PRICES
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Article323 1977-09-13 8 ON THE Singapore rubber market yesterday, opening quotations were marked down two cents following last Friday's after close easiness here and lower London advices. The market then fluctuated around the 215.00 cents level until around midday when some stoploss liquidation caused prices to ease another323 words
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Article31 1977-09-13 8 Rubber: Sept 12 Singapore: October 213.00 cents (down 4.00 cent) Malaysia: October 214.00 cents (down 3.75 cents) Tin: $1,636 (up 11 tonnes) Official offering: 186 tonnes (up 11 tonnes)31 words
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Article377 1977-09-13 8 Prices In cents per kilo yesterday Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int 1 R S.S prompt f o b 212.50 213 50N 211.75 212.75N Int. 1 R.S.S October 213.75 214.25 213 00 213.50 Int 1 R.S.S. November 215.50 216 00 214 50 215.00377 words
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Article116 1977-09-13 8 NOON SSR and SMR prices yesterday: H.A.S. Octs (Curra 'bar it MtJi) November (Forward Mthi Buyer* Sellers Buyer* Sellers (cent* per kg) (cent* wrkc) SSR 20 (1 ton pallet) 206 00 208 00N 207.00 209 00N SSR 50 (1—ton pallet) 204 00 206 00 N 205 00116 words
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Article199 1977-09-13 8 BANGOK, Mon. Indicative prices quoted here today were: (US dollars per tonne fob basis Bangkok) White Rice: 100 pet Ist class 308. 100 pet 2nd 292. 100 pet 3rd 288. 5 pet 277. 10 pet 255. 15 pet 252, 20 pet 249. 25 pet 240. 35 pet unq Broken:199 words
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Article286 1977-09-13 8 HONGKONG, Mon. The cotton rutures market closed easier in active trading, after a slightly easier opening, dealers said. Trading was speculative short covering and commission house stoploss selling ahead of tonight's expected bearish USDA crop report, they said. Prices fell 0.31 to 0.56 cents. Total turnover fell to286 words
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Article330 1977-09-13 8 THE SINGAPORE produce market yesterday ruled quiet and featureless in the continued absence of foreign buying interest. Prices were at best steady. On the belief that Indonesia still has large quantities of coffee to sell to markets in the West, coffee dealers here were generally refraining from fresh330 words
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Article200 1977-09-13 8 LONDON, Mon. Coffee opened steadier, £35 higher to i'lo lower on turnover of 243 lots. Traders said prices initially were slightly easier, but good trade buying in November and to a lesser extent in January brought about a steadier tendency. There was little outside news to influence trading, they200 words
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Article168 1977-09-13 8 LONDON/ Mon. Terminal cocoa gained £26 (spot September at C 2.785) to ell per tonne at the opening call, having first traded til up against New York in near December at t2.430. Tightness of nearby physicals, again highlighted by shipments problems by the Ivory Coast, was cited by dealers168 words
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Article152 1977-09-13 8 LONDON, Mon. Recent producer selling allied to the large open number 11 contract October position In New York brought renewed easiness to terminal sugar at the opening call. Prices were down by £2.25 (near October at £105.60) to to. 40 per tonne although about in line with Friday's kerb152 words
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Article46 1977-09-13 8 LONDON. Mon. Zinc closed the morning mostly C 2.25 per tonne higher. Three Months traded at C 306 on the pre-market. But light hedge selling pared gains and in second ring dealings traded down to C 303.50. Sales of 2.050 tonnes were about half carries.46 words
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Article154 1977-09-13 8 THE STRAITS tin price In Penang yesterday was up MSll to $1,636 per plcul on an official offering up 11 tonnes to $186 tonnes. The rise followed the London Metal Exchange's strength last week, couped with widespread buying support. The low volume of tin concentrates supplied by miners154 words
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Article169 1977-09-13 8 ON the Singapore gold market yesterday, the kllobar opened at S$ 11,728 and closed at SSI 1,734 with fluctuations within a narrow range of 5515.00 in quiet conditions. In London, the metal opened at U*****.90/ 148.10 and closed at USSI4B.IO/30. The London morning fix was USSI4B.OO, up 55 cents169 words
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Article50 1977-09-13 8 LONDON, Mon. Silver gained mostly 0.2 pence. A very steady New York close, higher gold and the trend in base metals encouraged small covering support up to 262.0 pence per troy ounce for Three Months. The market was otherwise featureless with the turnover of 54 lots boosted by carries.50 words
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Article81 1977-09-13 8 LONDON. Mon. Copper wlrebars finished the morning with losses of mostly CO. 50. Prices were steady In the early pre-market following the very steady New York close on Friday but soon softened under light liquidation reflecting currency considerations, dealers said. Renewed covering In the ring, however, held Three Months81 words
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Article59 1977-09-13 8 LONDON, Mon. Lead closed the morning C 5 per tonne higher for cash and C 4.50 up for Three Months. The higher trading levels reached during Friday's late kerb were maintained mainly in sympathy with the general trend, dealers said. Three Months traded at C 332 in the ring59 words
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Article462 1977-09-13 8 LONDON, Mon. Sufficient discussion has now taken place to create the right atmosphere for successful conclusion of a new International Sugar Agreement (ISA). This Is the optimistic view expressed by sources close to the International Sugar Organisation (ISO) before the second round of talks between consumers462 words
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1192 1977-09-13 8 AFP LONDON: There was an Irregular price pattern among commodities last week, with most markets finishing on a declining trend. Early gains in metals followed moves by Japan and West Germany towards reflating their economies, but the rise faltered on lack of trade support. Sterling'sAFP - 1,192 words
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MONEY AND EXCHANGES
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Article542 1977-09-13 8 WITH THE Government's registered stock issue Just round the corner, Singapore's local money market tightened across the board. Overnight money opening at the 4V» per cent level shot up at one stage to 4 15/16 per cent, before dropping back to opening levels at the close. Dealers said that542 words
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Article40 1977-09-13 8 ACBC 6>« SH Algemene Bank Citibank C'< 7 HSBC H Bank of America IH Indoauez Bank of China 7 6'« Ci (>, Bank Negara OCBC 6>. Indonesia 7 Ol'B Chartered Bank UCB 7 «v. L'MBC 7 DBS COB40 words
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Article180 1977-09-13 8 Asian rates ASIAN currency deposit interbank rale* u at cloae on Sept. 12: 178 Dollai ra (Spat) 7 days 8 3/8 61/4 1 mill 6 3/4 8 5/8 2 mths 6 9/18 6 7/16 3 mths 8 5/8 1/2 8 mths 6 13/18 611/16 9 mths 6 7/8 6 3/4180 words
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Article52 1977-09-13 8 RANOE of price* offered by discount homes on Sept 12: Ovemlfht 3SM Call depoal 3* to 3WH Claaiaf Buy Mltaf 3-Month Treasury Ml Ua 3 1/16 2 15/16 3-Month Bank bills 4 7/16 4 V16 3-Month CD 4 1V16 1V16 •-Month CD S Vie S 1/16 Source: National Discount52 words
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Article45 1977-09-13 8 FRANKFURT exchanges opening quotes on Sept 12: U8 2 3295 3305 Can 2 1080/1700 UK 4 057/83 Neth 94 34 44 Bwttl 97 49 '59 Italy 2 632/42 Franc* 47 17/27 Norw 42 64/72 Belf (com) 6.40/50 Btlc (fin) 6 487/497 Japan 0 6777/3745 words
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Article225 1977-09-13 8 LONDON, Mon. Spot and forward sterling moved ahead against the dollar in moderately active opening trading influenced by higher Eurodollar rates and the general erosion of US and UK interest rate differentials, dealers said. Spot sterling firmed to U551.7431/33 from its opening indication of 1.7429/31 and 1.7425/27 at Friday's225 words
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Article126 1977-09-13 8 TOKYO, Mon. The US dollar for overnight delivery recovered moderately to close at 266.75 yen, compared with a 266.70 opening and 266.60 at Friday's close. The dollar eased in early trading with interest centred on the outcome of the US-Japan' talks which started here today, but It rose later126 words
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Article85 1977-09-13 8 HONGKONG, Mon. The US dollar firmed further on money supply and Interest rate considerations, following Friday's upward trend overseas, to a late DM2.3283/ 93 from 2.3250/ 61 in New York, dealers said. Trading was fairly active. 12 Bankn0t rat S quotwl her,on Sept US 4 63/4 65 UK 885 words
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Article165 1977-09-13 8 Euro rates LONDON, Mon. Eurodollar deposit rates opened generally higher, still affected by the higher US money supply figures and by indications of tighter US monetary policy, dealers said. Shortdates opened around 1/16 higher and were wanted in early trading, moving a further 1/16 up from openings, with sentiment affected165 words
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Article46 1977-09-13 8 AUSTRALIA/ NZ exchanges on Sept 12: AUSTRALIA Sterling .6364/ 6296 U8 dollar 1 1059/ 1.1011 mall buying rata*: USdoSar 1 1309 Ninety -dayforward buying rate*: U8 dollar ***** NEW ZEALAND BUrhng 5566/ 5537 US dollar 9746/ 9648 Ninety-day forward rat*: Sterling 5677 US dollar 996446 words
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Article301 1977-09-13 8 LONDON, Mon. US dollar bonds were up to point easier on fears of tighter US monetary policy, dealers said. Straight* Bid Offer Austria 8'« 90 102* unav Bell Canada 8* 86 104* 109', BFCE8*83 101* 102* Brazil 9'« 84 99', 99* Can Pacific 9% 83 101* 102 Credit National301 words
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Page 8 Advertisements
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Advertisement311 1977-09-13 8 from IN PENGUINS Yukio Mishima firmly upheld the traditions of Japan's imperial past, which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the world* in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now published in Penguins.311 words
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Article114 1977-09-13 9 AFP LONDON, Mon. The Franco-British multipurpose helicopter "Lynx" will soon be built in Egypt, the Financial Times reported here today, quoting military sources In Cairo. An agreement has been signed between Britain's Westland Aircraft Company and the Arab Organisation for Industrialisation, which isAFP - 114 words
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Article79 1977-09-13 9 AFP ROME, Mon. Italian and Yugoslav dockers on Sunday boycotted all ships flying the Chile flag as an expression of solidarity with che jaeople of Chile. an Italian dockers' union communique announced here. The action was decided Jointly by dockers of both countries, the communl3ue said, toAFP - 79 words
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1154 1977-09-13 9 FT BONN, Mon. Everybody expected the West German motor Industry to have a good year In 1976; but when Adam Opel's management predicted that 1977 would be pretty well as good, their forecasts were treated with some sceptlslsm. Events have proved In demandFT - 1,154 words
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Article312 1977-09-13 9 AP LONDON, Mon. Fairly active conditions developed on the tanker market fast week, after a slow start because of the US holiday on Monday, but rates showed no worthwhile Improvement. In fact, in the Gulf States area, one tanker-broker went as far as to describeAP - 312 words
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Article73 1977-09-13 9 ALITALIA, the Italian airline, will fly In food, clothes and accessories, and models from Italy, for the largest ever promotion of Italy in Singapore by the Italian Trade Commission. This promotion, "Estate Itallana", will probably be an annual event from now on. "Estate Itallana", which will be73 words
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Article, Illustration265 1977-09-13 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aegis Practic (SWQP) (2300 8/9 Bunga Oelang (1500 subject freeboard) 18 Dragasani (0530 shifts) 45 Fortune Trader (3FCQ) (2300) 5 Golden Lake (0900) 25/26 Illinois (1100 after Dragasani shifts) 46/47 Korean Pioneer (1430 after Anna K) 15/16 Kyosel Maru (JDWL) (2300) 38/39 Martha265 words
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Article151 1977-09-13 9 SOFRANA Far East Lines operates a conventional liner service between Straits ports, South Pacific Islands and New Zealand. Its ports of call Include Port Moresby, Lae, Noumea, Suva Lautoka, and well-known New Zealand ports like Auckland and Wellington. It operates Its vessels once every four or151 words
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Article72 1977-09-13 9 LONDON, Mon. Norwegian Shipping News announced its worldwide freight Indices for August as follows, with July figures In bracket: Dry cargo single voyage charter fell to 1».4 (13f7) while time fell to 155.8 (157.6). Tanker indices medium crude carriers fell to 41.5 (43.5) and small crude and72 words
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Article42 1977-09-13 9 Reuter HONGKONG, Mon. A 45,000 tonne capacity bulk carrier, the "Mel Hal" built at Rljeka, Yugoslavia for China, was commissioned there on Sept 2, a local communist paper, the Ta Kung Pao said in its weekly English language supplement. -ReuterReuter - 42 words
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177 1977-09-13 9 AFP TOKYO, Mon. An experimental logging truck equipped with a remote controlled chain saw and a winch capable or lifting two tonnes of lumber has been developed In Japan. Equipped with a 13 horsepower engine, the novel truck can cross a slope of aboutAFP - 177 words
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Article115 1977-09-13 9 STAFF from the Singapore Vocational Institute recently conducted a series of skill evaluation tests In motor vehicle mechanics for 14 motor tradesmen employed by Weame Brothers, which had requested these tests for a promotion exercise. This was because It Is the company's policy to promote tradesmen115 words
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Article559 1977-09-13 9 ARRIVALS Service Loc *1 Operator Number .Time From CAL CL331 0040 TPE/HKO/KUL CPA CX003 0145 HKO TMA TL303B 0215 BEY/DXB/BOM/ KUL MAS MH682 •0810 KCH CAL CI 806 1000 HLP OIA OA980 1030 HLP SIA SQ2U 1045 HLP OIA OA944 1055 PKU OIA OA 908 1100 MES559 words
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Article194 1977-09-13 9 AFP KUALA LUMPUR. Mon. The Malaysian government Is to spend about $50 million to Improve the facilities at Kuala Lumpur's international airport at Subang. It was reported here today. The Improvement will include modifications to the terminal building, the parking apron and taxlways, a spokesman ofAFP - 194 words
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Advertisement43 1977-09-13 9 MERLION SHIPPING AGENCY PTE. LTD SPECIALISED SHIPPING SERVICES WORLD WIDE REEFER CHARTERS HEAVY LIFT RO-RO VESSELS OFF SHORE SUPPLIES SERVICES CREW ROSTER AND MANAGEMENT LINER SHIPPING SERVICES FOR MORE DETAILS RING *****44 OR CALL AT: 1101-6 MARINA HOUSE 70 SHENTON WAY SINGAPORE 243 words
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Advertisement147 1977-09-13 9 T^sinc DU SINGAPORE iness HIGHLIGHTS OF OUR AUGUST ISSUE: SINGAPORE kx ,977 PR"® 4300 „,rilNOB AUO-® 1 MC<PI cove* f C?>»V»'CS iHOt* X*Oi* r v.- '"•"L* USSR rot^MWHICfcTIONS v >rSX>o»^ n a zrz-*"™" s *7. j sssiw* i (jrtfcTTMiTOP MkcMO- F#m 0,1,108 A. I MES3« Om V, laape** r ,a-c*«o">147 words
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804 1977-09-13 10 HERBERT MITGANG - By HERBERT MITGANG NYT NEW YORK: Alfred A. Knopf Is 85 years old today. .Like a mythic god on Mount Etna In the Aeneld, the distinguished publisher unloosed a thunderbolt to stir .up men and cities for the occasion: "The state of the WesternNYT - 804 words
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Article, Illustration1904 1977-09-13 10 JOHN EDWARDS - By JOHN EDWARDS FT IN SHARP contrast to the booming London Stock Exchange, depressed times have hit the commodity markets. The expected boom In demand for raw materials appears to have faded away before It even started, reducing the metal markets especially to sadFT - 1,904 words
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1128 1977-09-13 10 JOHN ROBERTS - CALLAGHAN'S SCOTTISH MISSION By JOHN ROBERTS Reuter LONDON: Prime Minister James Call&ghan has Just concluded a six-day tour of Scotland designed to boost his ruling Labour Party's morale In an area crucial to Its prospects at the next British general election. ButReuter - 1,128 words
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683 1977-09-13 10 ANTOINE LAZERGES - By ANTOINE LAZERGES AFP MOSCOW: The first international book fair to take Jilace in the Soviet Union, rom Sept. 6 to 14, has received the popular endorsement of local booklovers despite the confiscation of at least 26 works from Western publishers by customsAFP - 683 words
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Page 10 Advertisements
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Advertisement37 1977-09-13 10 r rr iv; v? m i Peter Benchley 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment' -DAILY TELEdRAPH 'For the second time -the book you can't put down -DAILY MAIL READ THE BOOK SEE THE FILM37 words
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891 1977-09-13 11 Reuter TOKYO, Mon. Jogged by a long-awaited reflatlonary package, the Japanese economy now has a better chance of reaching Its projected 1977 growth rate of 6.7 per cent of gross national product (ONP). But the measures finally announced by Prime Minister Takeo FlikudaReuter - 891 words
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226 1977-09-13 11 WELLINGTON, Mon. New Zealand officials will go to Japan next month to discuss means to improve the flow of New Zealand farm products to the Japanese market, it was announced today. New Zealand Prime Minister Robert Muldoon said in a news conference the226 words
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288 1977-09-13 11 Reuter TOKYO, Mon. Japan revised its current account forecast for fiscal 1977 ending March 31 to a surplus of about US$6.5 billion (5515.9 billion) from the previous estimate of a $700 million deficit, the Economic Planning Agency said. Japan's targets of 6.7 perReuter - 288 words
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Article51 1977-09-13 11 PERFUMES of Singapore will host a dinner on Friday for its dealers, when they will be given a preview of the new advertising campaign that the company has planned for its products. Three new perfumes will also be Introduced. These are "Singapore Girl", First Lady" and "Original51 words
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Article133 1977-09-13 11 A 12-MEMBER Singapore delegation is now In Manila attending the 10th Pacific Area Travel Association (PATA) East Asia meeting. The Republic is chairing the two-day meeting which is attended by government and tourism officials from Taiwan. Hongkong, Korea, Japan, Macao, Indonesia, the Philippines, and Thailand.133 words
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Article78 1977-09-13 11 AFP TOKYO, Mon. Japan's licensed import contracts in August totalled U556,137 million (Ssls billion) up 11.8 per cent from a year earlier, the Ministry of International Trade and Industry (Miti) announched today. Miti officials attributed the increase, however, to a purchase of nuclear fuel worth $511 million.AFP - 78 words
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Article288 1977-09-13 11 JUDGING of the Singapore Manufacturers' Association's first packaging competition will take place on Friday. Recently the SMA has been urging local manufacturers to upgrade tneir packaging standards both for the domestic and overseas markets. The contest, organised by SMA's packaging cAincll, will select the top consumer288 words
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78 1977-09-13 11 THE Singapore Philharmonic Orchestra will play to packed houses on Thursday and Saturday evening, at the Singapore Conference Hall, If tickets continue to sell as well as they have. Already, 95 per cent of the 2,000 tickets, put on sale less than two weeks78 words
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281 1977-09-13 11 Reuter TOKYO, Mon. The United State* today urged Japan to take more positive steps to revitalise its economy by stimulating domestic demand, informed sources said. The sources said the call came from US UnderSecretary of State Richard Cooper at the start ofReuter - 281 words
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Article110 1977-09-13 11 Reuter KUALA LUMPUR, Mon. Bank Negara Malaysia said its gold and foreign exchange reserves rose to M 56.58 billion at Aug 30 from $6.54 billion on Aug 15. compared with 56.59 billion on July 30. Its fortnightly balance sheet showed total assets rose to $7.95Reuter - 110 words
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Article72 1977-09-13 11 Reuter RANGOON, Mon. The Burmese Government has Introduced a law to guarantee that registered private enterprises In specified sectors will not be nationalised for a period up to March 1994. The law affects private enterprises In agricultural production. Inland-and sea fishing, timber production and trade, road and waterReuter - 72 words
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Article78 1977-09-13 11 MR. PETER Koh Soon Kwang will represent Singapore at the 26th plenary assembly of the World Federation of United Nations Association (W--FUNA) from Sept. 26 to Oct. 1. Mr. Koh a lawyer, Is a regional officer for Southeast Asia of WFUNA and the secretary-general of the78 words
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Article288 1977-09-13 11 AFP Reuter JAKARTA, Mon. The chief of the anti-graft campaign, Admiral Sudomo Mated today that many government officials have sold their properties, because they were afraid they would be Investigated, it was reported today. Giving a lecture on his an tl-corruption operation to 400 militaryAFP; Reuter - 288 words
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262 1977-09-13 11 UPI JAKARTA. Mon. Kuwait wlu be the major shareholder in a 200.000 barrel per day oil refinery to be built on Batam Island, Indonesia, visiting Kuwait Oil Minister Abdel Muthallb Al Kazeml said today. Mr. Kazeml told newsmen after meeting President Suharto the agreementUPI - 262 words
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387 1977-09-13 11 Reuter JAKARTA, Mon. Indonesia has a good chance to boost Its tin production due to current soaring prices In the world market, tin officials said today. The lack of bufferstock of the International Tin Council (ITC) has absorbed Indonesian tin supplies abroad,Reuter - 387 words
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200 1977-09-13 11 AP JAKARTA, Mon. Indonesia started drilling Its first geothermal well yesterday at Slkldang district in the Dieng Highlands of Central Java. The project, expected to generate 100 megawatts of electric power, is part of a programme that envisages up to 20 wells. The 119AP - 200 words
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Article183 1977-09-13 11 MR. HARRY Anderson, chairman of Merrill Lynch International (MLI), will make a three-day visit to Singapore from Sept 25-28 as part of his annual tour of MLl's offices In Asia. Mr. Anderson, who will be accompanied by his wife, Is also vice-president of Merrill Lynch183 words
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138 1977-09-13 11 Reuter BOMBAY, Mon. The Western India Shipper's Association said It is considering contacting leading shipowners and others operating outside the West Coast of India West Asia (Gulf) Conference with a view to forming an "open conference" to maintain present freight levels and provideReuter - 138 words
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153 1977-09-13 11 LOCAL civil, mechanical and electrical engineers will see the latest engineering developments In China when a team from the Institute of Engineers, Singapore, (lES) begins a 17-day tour of China tomorrow. They will monitor the changes, if any, since their first tour of China153 words
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203 1977-09-13 11 Reuter KUALA LUMPUR, Mon. The Malaysian Government is drafting new regulations to curb the smuggling of tin ore which has increased because of the shortage of production and its rising price, a government spokesman said here today. The Primary Industries Ministry spokesman saidReuter - 203 words
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234 1977-09-13 11 Reuter HONGKONG, Mon. Hongkong's export performance this year has been weak and It Is domestic consumption and investment that are boosting the economy, according to the government's half-yearly economic report. The report follows a speech last week by Financial Secretary Philip Haddon-Cave whoReuter - 234 words
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180 1977-09-13 11 AFP BANGKOK, Mon. A leading textile manufacturer today called on the government to lend "urgent and effective" assistance to the troubled textile Industry. Former Deputy Premier Major-General Pramaran Adlreksarn pointed out that the slump In the textile trade and the sharp Increases In productionAFP - 180 words
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122 1977-09-13 11 CHICAGO-based Continental Illinois National Bank will be expanding its Asian operations with the opening early next year of a branch office in Seoul, South Korea, where it has had a representative office since 1975. Approval for the opening has been granted by the Federal122 words
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130 1977-09-13 11 FIFTEEN thousand copies of "Showcase 77", the annual publication featuring Singapore products and services, have been sent to businessmen In 60 different countries. "Showcase 77" is published every year by the Singapore International Chamber of Commerce (SICC) and distributed free of charge, through130 words
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Page 11 Advertisements
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Advertisement198 1977-09-13 11 SEE PAGE 10 Texas Instruments SINGAPORE (PTE) LIMITED Offers career opportunities for experienced and matured candidates to become INTERNAL AUDIT MANAGER Applicants must be between 25 to 35 years old, and who are Chartered Accountants or holders of a Degree in Acountancy. He must have at least five years audit198 words
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254 1977-09-13 12 THE 12-storey uncompleted Regency Hotel In C&lrnhill Circle is being put an the auction block of the third time. ;The 170-room hotel, v&lch is owned by Regency Hatel Ltd, a subsidiary company of Imperial Securities International (ISI) which only last week254 words
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251 1977-09-13 12 Reuter LONDON, Mon. international marine experts have agreed on a proposal by Singapore, Malaysia and Indonesia to control sea traffic in the Straits of Malacca, one of the world's busiest waterways. The agreement came at a meeting of members of the Inter-governmentalReuter - 251 words
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304 1977-09-13 12 AFP TOKYO, Mon. The regional centre for the Promotion of Environmental Planning and Applied Studies (PEPAS) will be established in Kuala Lumpur, next year by the World Health Organisation (WHO) Western Pacific Regional Committee. This was decided at the final-dayAFP - 304 words
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565 1977-09-13 12 LONDON, Mon. A merchant banker should resign as a client's financial adviser rather than condone the action of a client who deliberately misleads an Inquiry by the City Takeover Panel, the Panel indicates in Its latest annual report. In a passage headed, Obligations of565 words
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304 1977-09-13 12 A FRENCH management expert, Professor HenriClaude de Bettlgnles yesterday predicted a larger flow of European technology to Singapore and the other Asean nations In the future. This transfer will cover technology In chemicals, machine tools and electronics, he said. But such European technology has304 words
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331 1977-09-13 12 AP BYDNEY, Mon. The mining and export of uranium was expected to be the central issue at the biennial convention of Australia's largest federation of unionists, which opened today. About 700 delegates from the 131 unions affiliated with the 1.8 million memberAP - 331 words
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253 1977-09-13 12 AP GENEVA, Mon. Ethiopia's military government has abandoned attempts to repatriate funds allegedly deposited In Swiss bank vaults by the late Emperor Halle Selassie, the head of the Ethiopian mission said today. Ambassador W. Berhanu, Permanent representative to the United Nations office here, saidAP - 253 words
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Article122 1977-09-13 12 AP COLOMBO, Mon. The Sri Lanka Central Bank sharply devalued the rupee against major hard currencies today, lifting the US dollar's parity rate from 7.76 to 8.61 rupees. The move was a continuation of what Finance Minister .Rounnle De Mel called a "pegged crawl" downward,AP - 122 words
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Article92 1977-09-13 12 AUSSIE RATE ADJUSTED Reuter SYDNEY, Mon. The Australian exchange rate fixing authorities today effectively revalued the Australian dollar 0.11 per cent by adjusting the Index of a trade weighted basket of currencies to 91.4 from 91.3. Today's managed adjustment exactly reverses a devaluation to 91.3 from 91.4 made on SeptReuter - 92 words
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Article105 1977-09-13 12 AFP LONDON, Mon. Long queues formed again today outside the small Independent bakeries which are still making bread as the 57,000 members of the Bakers, Food and Allied Workers' Union went into the third day of their England-wide strike. A spokesman for the Independent bakeries, which provideAFP - 105 words
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182 1977-09-13 12 UPI BANGKOK, Mob. Thai Board of Trad* President Ob Vasuart today said a lack of courage by tbe government it causing Thailand's trade deficit to rise. Mr. Ob told a lunch time meeting of businessmen he expected the Thai trade deficit to riseUPI - 182 words
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315 1977-09-13 12 AP NICOSIA, Mon. Kuwait has offered a 10-U8 cent (24.5 S cents) a-barrel discount on Its official sales C rices to boost oil purchases y foreign companies, the Middle East Economic Survey reported today. It said the Incentive applies to customers whoseAP - 315 words
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Article775 1977-09-13 12 LONDON, Mon. Government bonds advanced today boosted by the August wholesale price statistics and the larger than expected reduction In banks' base and deposit rates, dealers said. Shorts closed between vt and point higher, while longs added up to In moderate twoway trading, dealers said. Equities rallied slightly775 words
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Article200 1977-09-13 12 THE Bank of Tokyo, the only full licence Japanese bank In Singapore, yesterday opened its first branch office In Jurong. BOT, which was established in Singapore In 1957, was founded In 1948, and under the Foreign Exchange Bank Law of 1954, became the first Japanese200 words
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