The Business Times, 20 September 1977
1977-09-20
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The Business Times
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Title Section10 1977-09-20 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, SEPTEMBER 20, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article47 1977-09-20 1 AP BRUSSELS, Mon. A voluntary anti-apartheid code of conduct for Europeans doing business In South Africa Is due for adoption tomorrow by ministers of foreign affairs from the Common Market countries. They are: Britain, West Germany, France, Italy, Belgium, Holland, Denmark, Ireland and Luxembourg. AP.AP - 47 words
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Article68 1977-09-20 1 Reuter LISBON, Mon. Pilots of Portugal's national airline TAP today called off a costly strike which had virtually halted operations for the last four days and stranded thousands of tourists. While bowing to government pressure, the pilots appeared to have won most of the points In aReuter - 68 words
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Article56 1977-09-20 1 AP TEHERAN, Mon. The Ministry of Economic Affairs announced today that foreign Investment in Iran has reached the US$7 billion (Ssl7 billion) mark. The figure was released on the opening day of Teheran's fifth International Industrial exhibition in which about 300 Iranian companies and 1,000 foreign firmsAP - 56 words
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Article63 1977-09-20 1 UPI TOKYO, Mon. Saudi Arabia's Oil Minister Sheik Ahmad Yamanl was quoted today as saying an easing on his country's oil policy depends on how soon Israel will withdraw from occupied Arab territories. Mr. Ikko Kasuga, chairman of Japan's opposition Democratic-Socialist Party (DSP), said Sheik YamanlUPI - 63 words
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Article63 1977-09-20 1 Reuter TOKYO, Mon. Japan has been told by the British Standard Institute (BSI) that certain types of Japanese-made glass used on Japanese cars exported to Britain could not clear tests under the new British model certification standard system, Asahi Olass Company said today. It said the Japanese sheetReuter - 63 words
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Article67 1977-09-20 1 THE London stock market which reached an alltime high last week continued to weaken yesterday under profit-taking, which was so sharp at one stage that the Financial Times Index lost nearly 20 points to 512.1, some 37 points down from the record high. The market, however, managed67 words
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Article85 1977-09-20 1 UPI NEW YORK, Mon. Stocks headed lower early today in the wake of fresh government reports that the economy has slowed. Investors were also disturbed about the prime rate moving to 7% per cent from 7 per cent, the highest level since July 1976. The Dow Jones industrialUPI - 85 words
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Chief price changes
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Article, Illustration195 1977-09-20 1 SHARE prices tended lower on most fronts in quiet trading on the Stock Exchange of Singapore yesterday. Losses generally ranged up to 11 cents as reflected in the 4.66-point decline in the Business Times index to 430.46. The Straits Times Industrial index also slid 0.16 point to195 words
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Article117 1977-09-20 1 Foils Most active A. Hltam 9.50 -.40 M Flour 146,000 K T Pau 2.05 -.15 S. Trading 5.70 Hume (FE) 1.35 Hume (M) 1.45 -.15 -.10 -.10 M. Weaving Haw Par C. Securities 153,000 143,000 137,000 81m Um Inch Loan SMInd 0.97 1.40 1.41 -.08 -06 -.05117 words
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Article1199 1977-09-20 1 QUEK PECK LIM - NEWSPAPER SHARES •y QUEK PECK LIM THE Singapore Investing public win soon have the shares of three newspaper companies to choose from when deciding where they want to put their money. The first, of course, is the long-established Times group offshoot, Straits Times Press (1975).1,199 words
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1139 1977-09-20 1 THE problems of Singapore's textile trade do not come singly. Already faced with implicit or ex-, pllclt curbs In the West, the trade has now found that id has been practically shur out of a' once lucrative market nearer1,139 words
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Article453 1977-09-20 1 FRENCH zeal In maintaining the quality of Its wines and spirits Is not confined to the European Economic Community but has spilled over to such overseas bottling centres of wines as Hongkong and Singapore. The first to feel the Impact of French disapproval has been453 words
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Article172 1977-09-20 1 AP KUWAIT, Mon. Kuwait nationalised the American Independent Oil Co. (Amlnoll) today after a protracted deadlock over compensation for the US firm. By royal decree. Kuwait confiscated all the company's assets, facilities and rights pending a state decision on how much the firm shouldAP - 172 words
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Article38 1977-09-20 1 NEW YORK, Mon. The 7.25 per cent prime lending rate became virtually uniform among the US major banks today when Morgan Guaranty Trust and First National Bank of Chicago announced they would alio raise th«4r rate.38 words
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296 1977-09-20 1 Reuter TOKYO, Mon. Japanese Prime Minister Takeo Fukuda promised additional aid worth 21 billion yen (Ssl93 million) to Malaysia in his first round of talks with Malaysian Prime Minister Datuk Hussein Onn here today, Foreign Ministry sources said. The sources said theReuter - 296 words
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Article, Illustration719 1977-09-20 1 THE Post Office Savings Bank last year achieved a record surplus before Interest payments of $47.8 million 80 per cent higher than that made for the previous year. So despite a much larger Interest payments bill, which nearly719 words
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Page 1 Advertisements
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Advertisement53 1977-09-20 1 HsF Wiyfbong MAF A lending hand when Wavfoong Mortgage you neeu and Finance (Singapore) Limited it ITIOSt Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. TH *****7. i Overseas Stocks P7 Commodities P8 -PI Transport ft Com- P3 munication* PI P4 Features PlO i PS Local ft Overseas P653 words
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Advertisement51 1977-09-20 1 ROBINSON'S AT RAFFLES PLAGE You can do your shopping in a relaxed and leisurely atmosphere right in the heart of the city. IM>mNS< )\S CLIFFORD CENTRE, RAFFLES PLACE, SINGAPORE 1 TEL: ***** Shopping Hours: Mondays to Saturdays 10.00 am 6.30pm Main Store: Specialists' Shopping Centre, Orchard Road, Singapore 9. Tel51 words
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Advertisement106 1977-09-20 1 asm COMPLETE COPYNG APS ELECTRONICS (PRIVATE) LTD SINGAPORE Tel *****2 (5 Lines* APS ELECTRONICS (M) SDN BHD KUALA LUMPUR Tel *****/*****/***** niiififff Avenue Upper Paya Leber Road Upptr Roed Rectangular plot of land with an excellent 800 foot frontage to main read. Approx. 22,607 sq.m. (s'/? acres). Asking price $16.50106 words
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OVERSEAS
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241 1977-09-20 2 STERLING, which received a pounding last year, has recovered much lost ground. And It Is likely to remain firm In the near future, a leading American bank predicts. Morgan Guaranty Trust, in Its latest World Financial Markets bulletin, notes that the pound has241 words
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Article199 1977-09-20 2 Reuter LONDON, Mon. Officials of the United States, the Soviet Union and 13 other countries are due to meet here tomorrow to strengthen rules regulating the export of nuclear technology and equipment for peaceful purposes, Informed diplomatic sources said today. They hold top-secret meetings periodically InReuter - 199 words
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168 1977-09-20 2 AFP BOGOTA, Mon. Colombian Interior Minister Rafael Pardo yesterday called for changes In distribution of Income, after a general strike, rioting and clashes that took a high toll of deaths and Injured last Wednesday. In a radio statement four days after the one-day general strike protestingAFP - 168 words
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Article119 1977-09-20 2 AFP LONDON, Mon. President Carter was attacked today by the Financial Times newspaper for "a lapse Into protectionism" In connection with the carrying of oil by US tankers. It said in an editorial comment: "President Carter's apparent surrender to the maritime unions over the oil cargo preferenceAFP - 119 words
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Article1033 1977-09-20 2 IN DIFFERENT DIRECTIONS NYT NEW YORK, Mon. Like a squad of recruits who can't understand (or won't listen to) the orders of a drill Instructor, the major Industrial nations of the West are marching in different directions, banging into one another. Since the start ofNYT - 1,033 words
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Article555 1977-09-20 2 NYT WASHINGTON Mon. Is the federal government draining New York State of Its resources? That question was put by Senator Daniel Patrick Moynlhan and the response Indicates that the sparring between Sen. Moynlhan, a frequent critic of the Carter Administration, and thei White House goesNYT - 555 words
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189 1977-09-20 2 UPI WASHINGTON, Mob. Economist Walter Heller Mid yesterday the Bert Lance ■**■<«• "i» fouling the waters of Washington" and diverting the administration's attention from the real problems of Jobs and inflation. Mr. Heller, former chairman of the Council of Economic Advisers under Presidents' JohnUPI - 189 words
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850 1977-09-20 2 WILLIAM SAFIRE - By WILLIAM SAFIRE NYT WASHINGTON: Bert Lance's 'day in court' may be behind him, but some Justice Department attorneys believe he may face many more days In a real courtroom. These federal law enforcement officials were Infuriated early last week at aNYT - 850 words
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470 1977-09-20 2 AP NEW YORK, Mon. Japanese corporations are setting up banks, building plants or organising sales and service networks throughout the United States In short, they are "buying a piece of America and leaving a piece of Japan In their wake," says Newsweek. The American newsAP - 470 words
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Article113 1977-09-20 2 Reuter LISBON, Mon. About five per cent of Portugal's total gold reserves, amounting to 46,205.8 kilos, were sent to the US Treasury on Sept 1, the Bank of Portugal said. In a statement the bank said the transfer was part of the arrangement whereby the US Treasury,Reuter - 113 words
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546 1977-09-20 3 Reuter PARIS, Mon. A preliminary review of Organisation for Economic Cooperation and Development forecasts now being undertaken points to the need for further stimulation by Japan and Germany by the end of the year, international economic sources said. This is certainly the caseReuter - 546 words
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207 1977-09-20 3 Reuter HAMBURG, Mon. New equipment ■pending in West Germany, expected to rise only 3 or 4 per cent this year over 1976, is unlikely to surge strongly next year, despite the government's latest measures, the Hamburg Economic Research Institute said. The package agreedReuter - 207 words
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719 1977-09-20 3 NYT WASHINGTON, Mon. France is making a new push to get what it calls a system of organised free trade adopted by the industrialised nations for industries such as steel, shipbuilding, textiles and aircraft subject to what In economic terms are known asNYT - 719 words
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Article204 1977-09-20 3 AFP PARIS, Mon. Inflation In France this year will total at least 9.8 per cent and could be 10.8 per cent next year, according to the American research unit Data Resources quoted by the French news magazine L'Express If the rise In prices is 9.8 per centAFP - 204 words
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705 1977-09-20 3 NYT WASHINGTON, Mon. x— Thirty years and US$l4O billion (*****.8 billion) after Its Inception, United States foreign aid is changing in purpose and direction. From the postwar reconstruction of Europe and Japan, through decolonisation and the Asian military commitments, to the presentNYT - 705 words
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428 1977-09-20 3 NYT NEW YORK, Mon. Lending by the World Bank and Its soft-loan affiliate, the International Development Association, declined slightly in real terms during the fiscal year ending June 30,1977, largely because of a sharp drop In the level of commitments by the IDA. According toNYT - 428 words
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617 1977-09-20 3 UPI LIMA, Mon. Foreign bankers and diplomatic observers here are predicting that the International Monetary Fund (IMF) will agree to extend a balance of payments loan to Peru, and thus ease the country's acute financial crisis. This optimism about the third round ofUPI - 617 words
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Article181 1977-09-20 3 AFP UNITED NATIONS, Mon. Developed and developing countries are understood to have reached partial agreement on how the UN General Assembly should assess the results of the Paris conference on International economic cooperation that ended on June 2. Complete agreement seemed to depend on the developed countries'AFP - 181 words
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Page 2 Advertisements
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Advertisement44 1977-09-20 2 This announcement appears as a matter of record only. US $6,500,000 MEDIUM TERM LOAN Managed by MALAYSIAN INTERNATIONAL MERCHANT BANKERS BERHAD And Provided by Barclays Bank International Limited, Continental Illinois National Bank And Trust Company Of Chicago, Malaysian International Merchant Bankers Berhad. September 197744 words
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Page 2 Miscellaneous
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Miscellaneous319 1977-09-20 2 II THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Sept 19 at Singapore airport. Maximum Temperature 30.9° C Associated Humidity 66 Minimum Temperature 23.2° C Associated Humidity 94 Hours of Sunshine 4.80 Rainfall in Millimetres 3.2 Total Rainfall for the Month 92.5 Total Rainy Days for319 words
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Miscellaneous635 1977-09-20 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Fellows like Rosemary (5) 8 Name received (5) 10 Swltched-on programme, you may remember (5) 11 Good In reverse (3) 12 Ideal thing to do at night (5) 13 One who Is bad In vain? (7) IS Passing as a wild dingo (5) 18635 words
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Page 3 Advertisements
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Advertisement652 1977-09-20 3 Ng Cheng San, Finance Director, S.E.S. 'We're here to stay' "When a person outlays for or finances heavy equipment, we fully understand his desire to deal with an organisation that is stable. At SES we can reassure clients that we are dedicated to the heavy equipment business. We know the652 words
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COMPANY NEWS
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Article390 1977-09-20 4 Current Ex Date Total for Total for payment Date payable the year previous year C. Sugar* 10% Sept 5 Sept 29 15% nU International Wood 10%TE Aug 8 Sept 30 10%TE ntt Pahang Consolidated 10% Aug 3 Sept 30 15% 10% Keck Seng 10%I Sept 5 Sept 30390 words
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Article428 1977-09-20 4 THE BLESSING which shareholders of Kuala Kampar Tin Fields received by the way of higher dividends came not from improved mining operations but from operating economy, lower taxes and higher tin prices. For the year ended March 31, 1977, Kuala Kampar enJoyed 12 per cent428 words
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432 1977-09-20 4 EVERYTHING Is pointing to a bumper year for Boustead Holdings which yesterday reported a 138 per cent Increase In group pretax profit to M 16.51 million for the six months ended June 30, 1977. With the majority of the companies In the group432 words
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387 1977-09-20 4 CARLSBERG Brewery Malaysia, celebrating Its steady progress on the profit path, yesterday announced an interim dividend of 10 per cent for the six months ended June 30, 1977. The company paid a maiden dividend at the final stage last year of 10 per cent.387 words
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COMPANY MEETINGS
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Article18 1977-09-20 4 Sept 29 at 10 a.m. at Ban Hln Lee Bank Chambers, Ist floor, Beach Street, Penang.18 words
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Article19 1977-09-20 4 Sept 29 at 10.30 a.m. at Ban Hln Lee Bank Chambers, Ist floor, Beach Street, Penang.19 words
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Article, Illustration50 1977-09-20 4 THE following company meetings are due: Sept 20 at the Cempaka Room, Hotel Equatorial. Jalan Sultan Ismail, Kuala Lumpur, Malaysia. MR. J.Q. RICHARDSON, chairman of Sungel Best Mines, which Is due to hold Its AOM at the Cempaka Room, Hotel Equatorial, Jalan Sultan Ismail, Kuala Lumpur, today.50 words
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Article23 1977-09-20 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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Article22 1977-09-20 4 Sept 26 at 10.00 a.m. at Tlngkat Kedua, Block E, Kompleks Pejabat Daman* sara. Damansara Heights, Kuala Lumpur.22 words
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LATEST RESULTS
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Article24 1977-09-20 4 Unaudited group pre-tax profit $101,200 (loss $497,200) on sales $1.95 million ($2.16 million) for the six months ended June 30, 1977.24 words
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Article23 1977-09-20 4 Group pre-tax profit $480,135 ($448,962) on turnover $5.27 million ($4.94 million) for the first halfyear ended June 30. 1977.23 words
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Article31 1977-09-20 4 Unaudited group net profit MSI.I million ($lOl million) after tax, diminution in value of assets, contingencies and allocation to Inner reaervers for the first half-year ended June 30, *1977.31 words
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Article44 1977-09-20 4 Audited consolidated pretax loss $1.55 million (loss $5.8 million) for the yeaf ended March 31, 1977. Tax $126,000 ($1.44 million), minority Interest $12,000 ($4,000) and extra- ordinary credit $5.22 million (debit $2.64 million) making net profit $3.55 million (loss $9.87 million).44 words
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272 1977-09-20 4 DESPITE encountering keen competition and higher costs, Tong Meng Industries was able to report a 98.8 per cent Increase In unaudited group pre-tax profit to $251,393 for the six months ended June 30, 1977. What is even more Intriguing Is that this272 words
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135 1977-09-20 4 THE Japanese Matsushita group of companies had Incorporated three subsidiary companies in Singapore with a total nominal capital of $23.5 million. The companies, which were registered In July listed as subscribers Mr. Aklra Yamamoto and Mr. Seow Klew Tan. One of the companies, Matshushlta Electronics135 words
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Article47 1977-09-20 4 MR. Low Teo-Ping has Joined the United Overseas Bank group as manager, public affairs and administration. He will be responsible for the group's public affairs and advertising activities. Encik Jamaluddin bin Mahmud has resigned as director' of General Ceramics with effect from Sept. 1.47 words
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349 1977-09-20 4 KUALA LUMPUR. Mon. A health insurance company. Red Shield (M) Sdn Bhd, will be fully comKuterlsed by end-Novem-er to provide more effective servicing to its clients. Its general manager, Mr. Yong Un Tang, said computerisation was necessary because of frequent changes in employee data349 words
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Article1131 1977-09-20 4 NYT NEW YORK: The Amway Corp. Is a profoundly American institution. It started out wrapping Itself In the virtues of patriotism, free enterprise and positive thinking, and still lives by them. It has been denounced in some quarters as being a "quasi religious socioNYT - 1,131 words
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674 1977-09-20 4 FT LONDON, Mon. World consumption of the major commodity plastics should grow at an average annual rate of some nine per cent over the next 10 years, according to the plastics division of Imperial Chemical Industries. Such a rate of growth, expected to beFT - 674 words
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Page 4 Advertisements
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Advertisement152 1977-09-20 4 Bu SINGAPORE ness SINGAPORE PRICE $300 MC(P) 162/V77 VOLI W 4 N M >■ 3 *>* ■W* T I Jif INDEX T*o-Vear Cumulative KACTUWINO Contecttooe'Y GOWIMONtCATIONS Air Safety FINANCE Gotd WIVtSTMtNT jinoo Enterprise* TOORIM* Asean Travel uft AT THE TOR *»epn Nahhostw" 1 TWCNOS Headmg tor Another Recession Trends m152 words
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INTERNATIONAL COMPANY NEWS
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763 1977-09-20 5 NORTH AMERICAN COMPANIES NYT THE INTERNAL Revenue Service has accused Allen Ollck, a controversial Las Vegas gambling operator and the largest borrower from the Teamster Pension Fund, of owing more than US$9.5 million In back taxes and fraud penalties, recent United States taxNYT - 763 words
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191 1977-09-20 5 NYT ROBERTA KARMEL, the first woman to be nominated to the Securities and Exchange Commission, told the Senate Banking Committee that If confirmed, she would disqualify herself from a wide variety of matters which could present the appearance of a conflictNYT - 191 words
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Article68 1977-09-20 5 Reuter CONTINENTAL TELEPHONE said the Iranian Government fully funded to US$32O million its Joint venture project to design and lnstal a major telephone cable network In Iran. When the original announcement was made in March, the company said only $100 million had been funded. The full fundingReuter - 68 words
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525 1977-09-20 5 EUROPEAN COMPANIES FT PARIS. Mon. The restructuring of the Industrial activities of the Marlne-Wendel concern, whose main operating company is the Lorraine-based steel-maker Sacilor, means that an important part of the ground has now been cleared for the Implementation of the French Government's rescue planFT - 525 words
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355 1977-09-20 5 FT PARIS, Mon. Industrial group BSN-Oervals Danone which Is France's biggest concern in both the food and glass packaging sectors says that its programme of Industrial modernisation and geographic dispersal Is on course. The company has given no profit forecasts but cash-flow In 1977FT - 355 words
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Article33 1977-09-20 5 AFP PARIS, Mon. Pecam International has been granted exclusive selling rights In France for the oval-shaped poly amide 6-6 sewing thread produced by Cucurlnl Internazionale, part of the Italian ENI group. AFPAFP - 33 words
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Article203 1977-09-20 5 UK COMPANIES Reuter TARMAC reported pre-tax profit rose eight per cent from £9.24 million to £9.97 million on sales of £295.84 million (£223.35 million) for the first half-year ended June 30, 1977. Interest charges accounted for £2.5 million (£1.16 million), depreciation £7.82 million (£6.15 million) andReuter - 203 words
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Article141 1977-09-20 5 Reuter ON AN Increase of 19 per cent in turnover, pre-tax profit at Ouest Keen and Nettlefolds fell six per cent from £43.12 million to £40.76 million for the first half of this year. Earnings per share fell to 11.lp from 17.2p(19.2p from 23.8p adjustedReuter - 141 words
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Article81 1977-09-20 5 SHELL Transport and Trading declared an Interim dividend of 8.822p, up from 7.282p, payable on Npv 7. The company said under present UK legislation the total cash dividend permitted to be paid to shareholders Is limited to a maximum of 1.54p above that of the previous year and81 words
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944 1977-09-20 5 NYT NEW YORK: J. Ray McDermott's stunning victory In the three-cornered fight for the Baboock and Wilcox has shaken the conventional wisdom on Wall Street. Not only did the struggle to take over Babcock pit three Industrial giants Babcock, McDermott and United Technologies (Babcock'sNYT - 944 words
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366 1977-09-20 5 FT BASS Charrlngton is to give up the UK distribution of several major Italian wine brands involving a loss of around £5 million a year In turnover. The Italian owners of the brands are helping to set up their own UK distribution company. AFT - 366 words
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Article, Illustration366 1977-09-20 5 FT INDUSTRIAL and commercial companies' profitability last year averaged less than 3V« per cent, much the same very low level recorded In 1975, according to figures In the official magazine, Trade and Industry. The figures take account of Inflation on the basis of replacement costsFT - 366 words
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407 1977-09-20 5 FT FOLLOWING the significant profit Increase In *****7, Lord Rayne, chairman of London Merchant Securities reports that the trend Is being maintained In the current year. He feels that pending the stabilisation of economic conditions, the absence of firm trends must make estimatesFT - 407 words
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220 1977-09-20 5 ASIAN COMPANIES UPI AFP OSAKA, Mon. Manmade fibre and cotton spinning are among Industries which will continue to feel the Impact of the protracted recession In the latter half of the 1977 fiscal year ending next March 31, a city bank forecastUPI; AFP - 220 words
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Article95 1977-09-20 5 Reuter TOKYO. Mon. Chorl Co will receive more relief to overcome its financial Broblems from Dallchl angyo Bank, Fuji Bank, Sanwa Bank and Mitsui Trust and Banking Co, a spokesman for the banks said. The measures to help the textile trading firm will include aReuter - 95 words
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Article88 1977-09-20 5 Reuter TOKYO, Mon. A total of 140 out of 366 companies listed on the main section of the Tokyo Stock Exchange which close their first half business year on Sept 30 have decided to pass Interim dividend because of poor business performance, the Tokyo Stock Exchange said.Reuter - 88 words
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Briefly
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Article111 1977-09-20 5 Reuter MELBOURNE, Mon. Western Mining Corp (WMC) confirmed It proposes to make a US$4O million 15-year Eurobond Issue with coupon expected to be nine per cent. It expects the final terms to be set on Sept 28. WMC said maximum average life of the bonds will beReuter - 111 words
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Article55 1977-09-20 5 Reuter LONDON, Mon. Banque National D'Algerle plans to issue US$3O million of floating rate notes due 1982 through a syndicate headed by Kuwait Investment and Banque Natlonale De Paris. Kuwait Investment said a spread of per cent above London lnter-bank offered rate Is Indicated, with a guaranteed minimum rateReuter - 55 words
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Article34 1977-09-20 5 Reuter DUSSELDORF, Mon. The US$25 million 8.25 per cent maximum of ten-year Eurobond for the lndustralisatlon fund of Finland was priced at par, a spokesman for lead manager Westdautsche Landesbank Olrozentrale said. ReuterReuter - 34 words
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Article38 1977-09-20 5 Reuter ZURICH, Mon. The 25 million franc, 12-year "6 3/4 per cent loan floated at 99.5 per cent on the Swiss market by the Danish Central Agricultural Cooperative was heavily oversubscribed, Bank Can trade Ag said. ReuterReuter - 38 words
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Article86 1977-09-20 5 Reuter HONGKONG, Mon. Cheung Kong (Holdings) said as a result of its recent cash offer, it now controls 96.56 per cent of the Issued share capital of Wynncor. It said It Intends to exercise its powers of compulsory acquisition of the remaining shares under the companies ordinance andReuter - 86 words
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Page 5 Advertisements
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Advertisement146 1977-09-20 5 The Australian National Line 4« /A fcv NEW 11-DAY RO/RO 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 by146 words
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Article2321 1977-09-20 6 1977 HiCk Low Coapuy Lait Sale +«rGr'i div Div e'rr y'ld Net P/E V«1 COOO) Day HiCk Law 8ECTION ONE INDUSTRIALS 154 204 116 238 88* 198* 169 224 414 171 136 172 58 212 57* 155 152 182 350 145 Acma Alcom Allied Choc Bata Ben2,321 words
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Article1254 1977-09-20 6 BID and offer prices officially listed and business in and reported to the Stock Exchange of BU>capor* yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise **eclfled AU Time Settlement Contracts are quoted after the word "Sett." Biff Board1,254 words
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Article1515 1977-09-20 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchanfe yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Aama (1.418 1 448). AlMm (1.848). A. CUM (1.04B) (10) 1.06,1,515 words
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Article53 1977-09-20 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, hid and otter prices and business done yesterday, with the number of options traded shown in brackets. Inchcape (Sept 12.40) (•.108). Inchcape (March —12.40) (0.158 0.238). UOB (March 13.20) (0.178 0.238). Wearaes53 words
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Article133 1977-09-20 6 UNQAPOBB UNIT TRUST INCOME BOND UNIT (Maaasm' pries* krS«l») (Carnal p rtsss) Th* Commerce 1.74 1.M INCOME BOND 1.07 1.12 Ths Serine run (3 1.04 1.10 8'pore Prog Fund 0.02 O Otxd MARA BUMIFUTRA FUND 8'pare Security 1.S5 1.04 (Maaasae' priaea trnBrntm Fund First Bumlputim 2.24 2.20 8'pore133 words
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Article166 1977-09-20 6 B O t 8 1/2% 1981 (100,000) ilo3*B 103*8) I O T 7 V 9% 1964 (100,000) (998 99*8) LTCBJI9B2 (100,000)(98*B 98*8) Credit Lyonnais Flee Hag IMS t 100,000) (98*B 98*8) t B 8 Converts 6 1/2% 1991 (100,000) (978 988) D B 8 8 1/2% 1982 (100,000)166 words
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Article160 1977-09-20 6 Rep Spar* D KUrk 7% IM2 y 00,000) (1018 101*8) ep Spore 8 1/2% 1883 (100,000) (1008 100*8) Rep Bpore 7 3/4% 1887 (100,000) (100HB 1018) 6 1/2* 1/12/77 (250,000) (100.358 100.458) 8% T F 1/3/78 {250,000) (101.358 101.458) 5 1/2% 1/4/78 (250,000) (100.958 101.058) 5 1/2% 18/4/78160 words
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Page 6 Advertisements
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Advertisement176 1977-09-20 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, Illustration649 1977-09-20 7 PRICEB tended lower on most fronts on the Stock Exchange of Singapore yesterday. Trading was generally quiet. The spread of activity also narrowed down considerably mb speculators continued to stay on the sidelines for want of inducement. Although most of the Clamour issues showed an easier tendency,649 words
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1246 1977-09-20 7 NYSE A RELIABLE FORECASTER? NYT NEW YORK, Mon With summer's end only three days away, Investors and security analysts are wondering whatever happened to the traditional seasonal stock market rally and where the market Is now headed In an atmosphere of almost unremittedNYT - 1,246 words
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Article382 1977-09-20 7 AFTER the long stretch of H&rl Raya holidays, mild selling pressure appeared on the Kuala Lumpur Stock Exchange yesterday to depress prices. Market operators were still In a lethargic mood, resulting In a marked absence of either speculative or Investment activity. Whatever Interest noted was focussed on382 words
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INTERNATIONAL STOCK MARKETS
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Article336 1977-09-20 7 HONOKONQ: The market closed easier In dull trading on Monday, with selling Interest on blue chips, dealers said. The Hang Seng Index closed at 420.47 points, down 4.15. Hongkong Bank and Swire Pacific fell 10 each to HK817.90 and $6.30 respectively, while Hongkong Lud, Hutchison and Whooioek Marfan fell336 words
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Article461 1977-09-20 7 TOKYO: Share prices fell In light trading on Monday, dealers said The Dow Jones average lost 29.78 to close at 5,177.71 with volume 170 mlQlon shares. The New Index ended at 386.37, down 1.14. Export-oriented shares led the losses, amid caution on signs of a slowdown In the US461 words
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Article328 1977-09-20 7 BYDNEY: The market closed mixed In quiet trading on Monday, dealers said. The Sydney AU-Ordlnarles dropped 0.98 point* to cloee at 441.81. The Wales rose two cents to ASS.22 while the ANZ fell 11 to 53.33 and the Nsrteael three to 82.88. Pmb—tf—tal fell 20 to eight and Katklesa328 words
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Article163 1977-09-20 7 MANILA: The market closed mixed on Monday, with mining and commercial averages advancing while oils declined fractionally, dealers said. Turnover fell to 13.86 million pesos from last Friday's 18.36 million. Lspaato and Mirtnduque advanced slightly as metal prices abroad rose Oriental and Phil Ovstsms lost three and two points163 words
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Article103 1977-09-20 7 SEPT BahU Asia Fibre Bangkok Bank Bangkok Invest Bangkok "Metropolitan Bank Bate Berll Jucker Charoong Thai Wire Dumtx Dualt ThanJ Faber Merlin Pint Trust Oenera Finance Indo-Thal Industrial Finance COTD J And J Ho Jalaprathan Cement Karnasute LeeKvangMln Metal Bos Rama Tower* Safety Insurance Sana Union SermSuk Stem Cement103 words
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810 1977-09-20 7 FT PORT OF SPAIN, Mon. British capital and expertise, which laid the foundations of the early Industrial structure of Trinidad and Tobago, Is being Increasingly squeezed out of new opportunities presented by the programme of energybased Industrial expansion on which the government hereFT - 810 words
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524 1977-09-20 7 NYT NEW YORK, Mon. The credit market last week recovered Its composure, and bond prices advanced moderately, as the feeling grew that the Federal Reserve would not lift short-term interest rates any further Just now. This week, the fixed-Income market faces half a dozen significantNYT - 524 words
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Article98 1977-09-20 7 AP BATTLE CREEK, (Michigan), |M|L TSK of America, a subsidiary of Nippon Cable of Japan, has announced plans to build a new manufacturing plant In Battle Creek's Fort Custer Industrial Park. The plant is the result of nearly four years of negotiations between the cityAP - 98 words
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Article31 1977-09-20 7 Reuter TOKYO, Nippon Telegraph and Telephone Public Corp said It plans to start an experimental service of the home-use telephone facsimile transmission in the Tokyo area from autumn next year.Reuter - 31 words
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Page 7 Advertisements
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Advertisement454 1977-09-20 7 BUSINESS TIMES Airline Directory Aero Hot Soviet Airline* 110-112 SHow Centre, Orchard RoW, (Tel: 377.111) Air Ceylon 302-B, 3rd Flow, Marino Houm Cl|aii4All WJHJ f 1 wfi ww v*| vinnpviv (Tel: ***** M) /■•Attiul Flftftf Bui Wow wivunv. rwwt( ■wiiwnVf vivwiiwi "»y Singapore 1 (Tel: *****11) 14th Floor, UIC Building,454 words
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COMMODITY REPORTS AND PRICES
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Article426 1977-09-20 8 THE Singapore rubber market yesterday opened some 1.25 cents higher following last Friday's afterhours steadiness here and firmer London advices, dealers said. Prices rose a further three cents on reports of East European inquiries, demand for January/ March 1978 and some speculative trade buying, but426 words
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Article311 1977-09-20 8 Prices In cents per kilo yesterday: Noon (per kilo) Close (par kilo) Int. 1 R.S S prompt f.o.b. Int. 1 R.S 8 October Int. 1 R.S.S. November Int. 2 R.S.S. UK/Cont Int. 3 R.S.S. UK/Cont Int 4 R.S.S UK/Cont. Int 5 R.S S. UK/Cont Buyers 214.50 215.50 217.25311 words
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Article112 1977-09-20 8 NOON SSR and SMR prices yesterday: October November HAS. (Cumit Mth) (F. irward Mth) Buyers Seller* Buyi in Seller* <e pnl* perks) (a raUperkc) SSR 20 (1-ton pallet) 206.00 208 .OON 207 00 209 OON SSR 50 (1-ton pallet) 204 00 206 OON 205 00 207.OON MRELB112 words
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Article30 1977-09-20 8 Rubber: Sept 19 Singapore: October 215.00 cents (up 2.75 cent*) Malaysia: October 215.00 cents (down 0.50 cent) Tin: $1,545 (down 17) Official offering: 275 tonnee (up 10 tonnes)30 words
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Article313 1977-09-20 8 HONGKONG, Mon. The cotton futures market closed easier In moderately active trading, after a slightly easier opening, dealers said. December, March and July were all traded at record lows of 49.34, 49.30 and 51.10 US cents respectively In the morning session, In continuation of Friday's decline, they said.313 words
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Article319 1977-09-20 8 ALL WAS quiet on the Singapore produce market yesterday. Business reported was minimal and confined to book-squaring account. Very few inquiries were received from abroad. No business materialised from them. Copra and coconut oil held very steady In sympathy with the improved undertone in the International markets for319 words
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Article245 1977-09-20 8 LONDON, Mon. Coffee futures opened officially slightly steadier with gains of about £14 to £28 per tonne. Turnover during the opening call totalled 300 lots. Market sources said the rise reflected active trade buying In the November and January months. Other positions received little support. Coffee futures finished the245 words
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Article197 1977-09-20 8 BANGKOK, Mon. Indicative prices quoted here today were: (US dollar per tonne fob basts Bangkok). White Rico: 100 pet Ist class 306. 100 pet 2nd 292, 100 pet 3rd 286. 5 pet 277. 10 pet 255, 15 pet 252, 20 pet 249, 25 pet 240, 35 pet unq. Broken:197 words
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Article108 1977-09-20 8 LONDON. Mon. terminal cocoa opened steady, £4 to £15 per tonne below Friday's close. Turnover totalled 78 lots. Market sources said the small losses reflected a slightly lower New York market on Friday. There was no fresh news to Influence sentiment. The market continued quiet throughout the morning to108 words
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Article104 1977-09-20 8 LONDON, Mon. Terminal sugar opened £0.55 lower to £0.15 per tonne higher than Friday afternoon closing levels. Turnover totalled 307 lots. Market sources said dealings were very slow with light trade buying Interest In December lifting prices from the kerb lows. The London dally raws price was raised £1104 words
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Article83 1977-09-20 8 LONDON, Mon. Lead this morning rose by mostly £15.75 per tonne. The penetration on Friday of the chart point of £335 for Three Months encouraged futher shortcoverlng, fresh buying from Influential quarter and stoploss operations which produced ring business up to £352 per tonne for forward metal. This movement83 words
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Article168 1977-09-20 8 THE Straits tin price In Penang yesterday was down MJ7 to <1,645 per plcul on an official offering up 10 tonnes to 275 tonnes. Prices weakened slightly following Saturday's sharp rise which was in line with London Metal Exchange's higher trend, dealers said. In LONDON yesterday tin closed168 words
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Article181 1977-09-20 8 THE KILOBAR In SlngaSre yesterday opened at 11,777 and closed higher at S$11,796. On the London market the metal opened at US$148.80/ 149.00 and traded at this level in the morning. The market closed higher at $149.15/ 30 In the afternoon after thoughlng a low of $148.85/ 149.01 The181 words
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Article70 1977-09-20 8 LONDON. Mon. Silver rose by 4.5 to 4.6 pence per troy ounce. The New York close, strength In gold and the movement In base metals all combined as supporting Influences on a market which still lacked significant fresh buying interest, dealers said. Three Months traded up to 267.0 pence70 words
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Article104 1977-09-20 8 LONDON, Mon. Copper wlrebars this morning gained £3.50 per tonne for cash and £4.50 for Three Months. Values moved up on the pre-market under shortcovering and fresh buying prompted by the firm New York close, higher gold and the general trend In other base metals, dealers said. Three Months104 words
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Article74 1977-09-20 8 LONDON, Mon. Zinc this morning gained £7 per tonne for cash and £8.50 for Three Months. This metal was given Impetus by the advance In lead although the higher levels soon attracted proflttaklng and hedge selling: which restrained the upward movement, dealers said. Three Months traded up to £31074 words
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Article216 1977-09-20 8 Reuter WASHINGTON, Mon. US wheat sales activity for the week ending Sept 4 was modest, with Korea and JaSan the only significant uyers, the US Department of Agriculture said In Its weekly export sales report. The wheat sales to Korea were under PL-480. New salesReuter - 216 words
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Article112 1977-09-20 8 LONDON, Mon. World stocks of primary aluminium increased by 4.5 per cent in July, compared with June to 2,273,000 (against 2,174,000) tons, putting a halt to the recent declining trend. But they were still 0.9 per cent less than a year ago (2,442,000 tons), the latest figures from112 words
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1265 1977-09-20 8 AFP LONDON: Trading conditions were rather quiet on the commodity markets last week because of the Jewish new year. Prices with few exceptions held basically steady after narrow fluctuations. The continuing firmness of sterling on the foreign exchange kept speculative interest subdued, despite the furtherAFP - 1,265 words
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MONEY AND EXCHANGES
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Article507 1977-09-20 8 THE Singapore money market opened the week yesterday at hectic levels following the high rates seen last week but rates soon eased off. Overnight rates opened at about 15 per cent and moved as high as 19 per cent In morning trading before easing offtto about 12 per cent507 words
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Article62 1977-09-20 8 ACBC 1 Al(eaien« Bank 1 Bangkok Bank Bank ot America Bank of China Bank of Tokyo 1 Bank Negara Indonesia Chartered Bank < Chase Manhattan C DBS First Chicago 6*-< v. Citibank SH 7 HSBC <H v« Indoauet 6 l < 7 Malayan Banking IS MiUui Bank62 words
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Article150 1977-09-20 8 Asian rates A8IAN currency depoalt Interbank ruts* ai at close on Sept 1>: 18 DolUn (Spoil Oflhr BU 7 day* 1 mth 2 mtha 3 mthi 6 mtha B mthi 12 mtha 6 5/lfl .<3/4 66/ia 11/11 8 7/1 .a 15/u .7 1/H 9w. Ftt. 6 3/16 6S/B 7/16 t/16150 words
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Article50 1977-09-20 8 RANGE of price* offered by discount house* on Sept it. OemtfM JVM Can deposit 3* to 3 MM Bay Mllag 3-Month Treasury bllU 3 1/U 2 lS/li 3-Month Bank bill* 4 9/l« 4 7/U 3-Month CD V16 3 3/18 •-Month CD S VK >7/11 Source: National Discount Co. Ltd.50 words
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Article51 1977-09-20 8 AUBTRALIA/NZ exchanges on Sept 10: Australia: SUrtlnc 070/ #302 US dollar 1 10M/1 101* ninety-dyr air mail buying rata* US dolfiu' 1 1)1* Ninety-Clay forward buying rate* Sterling CM US doUar I OMR New Zealand Sterling 96K/ JU4 US dollar 9744/ 9646 Ninety-day forward rate: Sterling MM US doUar51 words
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Article258 1977-09-20 8 LONDON, Mon. The dollar eased against leading currencies In fairly quiet early trading, being mostly offered amid market feelings that despite higher US Interest rates the shortterm outlook for the currency is one of consolidation, dealers said. The strength of the Danish crown in the European Joint float was258 words
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Article137 1977-09-20 8 TOKYO, Mon. The US dollar for overnight delivery closed quietly easier at 266.94 yen, compared with a 267.10 opening and 266.90 at Friday's close. The US unit firmed Initially reflecting a decline In yen's value overseas and a high level of Import settlement needs early this week, but the137 words
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Article99 1977-09-20 8 HONGKONG, Mon. The US dollar eased slightly In quiet trading to DM2.3255/65 from Its 2.3260/70 opening which was below its New York Friday mid-point close of 2.3272, dealers said. On the local market the US dollar rose to $4.6730/40 In quiet trading from 4.6675/90 on Friday due to commercial99 words
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Article95 1977-09-20 8 Euro rates LONDON, Mon. US dollar deposits held steady around Friday's closing levels In quiet trading, dealers said. Short dates showed very little movement from last week's final levels In light trading. eurodollar depoaita opening quote* on Sept if: Overnight 8-1/4, e-l/a Tuea/Wed 8-5/16, 6-3/16 Wed/Thur* 6-5/18, 6-3/16 Thurs/m 6-5/16,95 words
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Article36 1977-09-20 8 FRANKFURT exchanges opening quotes on Sept 19: US 2.3336/46 Can 2.1666/75 UK 4.06/ M Neth M.36/46 Swtta 97.63/73 Italy 2.MW 6M France 47 1V26 Norw 42.36/46 Btig (com) 6 46/46 Belt (fin) 6.46/46 Japan 0.6710/1036 words
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Article325 1977-09-20 8 LONDON, Mon. The Eurobond market was quiet and prices were narrowly higher where changed, dealers said. Dollar Eurobonds showed little change at higher levels although some rises of up to 1/8 were recorded following professional short-covering operations, dealers said. Convertibles and floating coupon notes reflected the trend among straight325 words
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Page 8 Advertisements
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Advertisement309 1977-09-20 8 from k Penguin J U 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, is309 words
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TRANSPORT AND COMMUNICATIONS
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562 1977-09-20 9 Reuter JAKARTA. Mon. A coastal shipping operation, appropriately named the "Pioneer" service, Is proving a boon to people in remote islands of the vast Indonesia archipelago. Officials have reported increased trade between Islands because of the service and say more and more businessmenReuter - 562 words
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Article870 1977-09-20 9 STEWART FLEMING - Two weeks before labour contracts expire, U.S. port employers are divided over meeting longshoremen's demands t reports STEWART FLEMING in New York. STEWART FLEMING FT EMPLOYERS' associations representing steamship and stevedore companies are in disarray a mere two weeks before dock labour contracts run out in EastFT - 870 words
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Article814 1977-09-20 9 TERESA LIM - By TERESA LIM VERY few companies manage to make the break from small, entrepreneurial concerns to genuinely progressive and growing enterprises. Hal Sun Hup Is one of the minority. Its beginnings were humble when It started out as a "tongkang" operator about 35 years814 words
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Article59 1977-09-20 9 AP LISBON, Mon. Striking pilots of Portugal's national airline TAP returned to work early today with promises that their demands for better pay and working agreements would be met. A spokesman for the Union of Civil Aviation Pilots said It had recommended Its members endAP - 59 words
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Article, Illustration297 1977-09-20 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bougainville (2000 Class I on board) 6/7 Lumut (1700 subject free board) 21 East Sebarok (0700 after Samulun) 20 Seiko Maru (Tanker) (1300 after White Coral) 48 Songkhla (0900 47 Verbena (0800 31/32 PASIR PANJANG WHARVES Labuan Hadji (OST) (1200 after Dellma 109)297 words
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Article214 1977-09-20 9 THE P and O Strath Services was incorporated in February this year to manage the commercial business of P and Os general cargo division. General agents for the shipping line are Straits Shipping. Trade: Straits/ New Zealand. Service: a dry cargo liner service to the main New Zealand214 words
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Article104 1977-09-20 9 EIOHT 16,000 dwt cargo liners ordered by the Nigerian National Snipping Line in Yugoslavia will be fitted with MacOregor weatherdeck and tweendeck covers. MacOregor s "package" supplies of coamings and covers, ready for straightforward installation by shipyards, Is proving extremely attractive to shipbuilders worldwide, a release Issued104 words
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Article560 1977-09-20 9 ARRIVALS 1 li Time From CAL CI 331 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 SLA SQ211 1045 HLP OIA OA944 1055 PKU OIA OA 908 1100 MES PAL PR501560 words
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Article196 1977-09-20 9 AFP LONDON, Mon. Enquiry continued to build up last week on the tanker market, with higher rates paid in the Oulf states and Mediterranean areas. This bout of activity coincides with rumours that Saudi Arabia may restrict Its crude oil supplies in the near future. In theAFP - 196 words
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Page 9 Advertisements
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Advertisement42 1977-09-20 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-B MARINA HOUSE 70 SHENTON WAY SINGAPORE 242 words
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Advertisement237 1977-09-20 9 Tn TT 5* > ft L -r/^; fr Jr. V <» X' A" •> iTV 4 i' ik >1/ r v** NVfsS T (Mil 1 The September issue is here. The issue with the bright new look. i was introduced to the public in October 1972. In the same month,237 words
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Article, Illustration1386 1977-09-20 10 JOHN SIMS - By JOHN SIMS UPI NEW YORK: Water. Civilisations have grown up beside It. The great rivers the Nile, the Tiber, the Rhine, the Thames have been the breeding grounds for empires. Rivers have spawned cities and carried Industry's products deep Into national Interiors long before a single railUPI - 1,386 words
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Article508 1977-09-20 10 CLIFFORD KRAUSS - By CLIFFORD KRAUSS UPI MEXICO CITY: A political storm may be brewing over water In Mexico, where 63 per cent of the land Is arid or semi-arid. National Peasant Confederation (CNC) representatives in the Mexican Congress have charged that the Government has not been doing enough to fUPI - 508 words
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Article497 1977-09-20 10 ROLAND TYRRELL - By ROLAND TYRRELL UPI PARIS: A French engineering firm has come up with a cool idea for solving Saudi Arabia's fresh water problems by towing icebergs from the South Pole up to Jeddah on the Red Sea. The idea is the brainchild of Paul-Emlle Victor, a member ofUPI - 497 words
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Article, Illustration2048 1977-09-20 10 GEOFFREY OWEN - By GEOFFREY OWEN FT AN Interesting feature of last week's announcement of the new Ford engine plant In South Wales was that the company did not hold a Press conference. While It was quite happy for the Prime Minister and the Department of Industry to proclaimFT - 2,048 words
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Page 10 Advertisements
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Advertisement20 1977-09-20 10 MALAYA UPSIDE DOWN FEDERAL PUBLICATIONS No. 1 New Industrial Road, Singapore 19 170 Jalan Sungei Best, Kuala Lumpur 07-01, Malaysia20 words
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334 1977-09-20 11 KUALA LUMPUR, Mon. Employers, particularly owner-managers in the private sector, were today urged to provide staff-trai-ning in an organised manner and on a continuous basis. Labour and Manpower Minister, Datuk Lee San Choon, said today managers and administrators should Institutionalise the training function within334 words
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335 1977-09-20 11 AFTER Just over a year of existence, Singapore's section of the Instrument Society of America will receive Its charter from Mr. A.T. Upfold, vice-president of ISA's International Division, at a ceremony to be held on Oct 5. ISA, which currently has 120 local335 words
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Article183 1977-09-20 11 AFP TOKYO, Mon. Japan's exports to communist nations in August came to US$37B million (***** million), up 25.7 per cent over the same period last year, the Ministry of International Trade and Industry (Mltl) announced today. The Increase was attributed to active steel and chemicalAFP - 183 words
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185 1977-09-20 11 AFP TOKYO, Mon. Longterm loan and bond Interest rates in Japan will be lowered by a uniform 0.3 per cent, effective Oct 1. The decision came at a meeting today among the officials concerned of the Finance Ministry, the Bank of Japan andAFP - 185 words
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Article150 1977-09-20 11 Reuter KUALA LUMPUR, Mon. Deputy Finance Minister Puan Rafldah Aziz today called on central banks of developing Asian countries to respond to changes In the international money situation so that they could help their respective governments formulate new policies or modify existing ones. Opening aReuter - 150 words
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Article117 1977-09-20 11 A TWO-DAY seminar on environmental support for computers opened yesterday with papers on "The environment of a computer" and "Why the computer-room air conditioner Is a specialist". The seminar Is organised by ACE Singapore, specialists In air conditioning and environmental control, on behalf of Atlas117 words
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Article31 1977-09-20 11 Reuter MANILA, Mon. Malta plans to Import some 120,000 tonnes of raw sugar and an undetermined amount of timber from the Philippines, Malta Trade Minister Patrick Holland said. ReuterReuter - 31 words
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399 1977-09-20 11 AFP LABUAN, Mon. Restrictions Imposed by the Philippine authorities on barter traders are causing concern among businessmen In this flourishing free port In Sabah. The latest restrictionlimits the amount of money that can be taken out of the Philippines by Filipino traders, accordingAFP - 399 words
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951 1977-09-20 11 Reuter WASHINGTON, Mon. The World Bank said overall, last year has been a favourable one economically for the East Asian area .with growth continuing in all countries and with most nations having a sharp Improvement in their balance of payments. Its annual reportReuter - 951 words
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Article174 1977-09-20 11 Reuter WASHINGTON, Mon. The World Bank Mid the disbursed external public borrowing of the developing nations rose to U*****.98 billion (*****.66 billion) in 1975 from 5100.2 billion in 1974. Its annual report said total outstanding debt of the LDC's, including undisbursed funds, increased to $173.91 billion inReuter - 174 words
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664 1977-09-20 11 AFP CANBERRA, Mon. Australian Prime Minister Malcolm Fraser has started a campaign of trying to "talk up T the sluggish Australian economy, partly In an effort to encourage Investment and partly to keep his options open for a snap early federal election beforeAFP - 664 words
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Article221 1977-09-20 11 AFP KUALA LUMPUR, Mon. A Malaysian business delegation will leave here on Thursday for a 10-dav tour of Manila to familiarise Itself with Philippine Droducts. The delegation will represent a wide range of business Interests, Including construction materials and manufactured goods. The Philippine TradeAFP - 221 words
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Article80 1977-09-20 11 A ONE-DAY seminar on specialised marine §rooiems starts at the hangrl-La Hotel today. Organised by ABEA, the Swedish company specialising in the manufacture of electrical and mechanical equipment, the seminar will pro ride papers on hydraulic motors and the application and design of deck cranes. Some 5580 words
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Article50 1977-09-20 11 Australian upvalued Reuter SYDNEY, Mon. The Reserve Bank said the exchange rate fixing authorities upvalued th« Australian dollar 0.11 per cent by adjusting the trade weighted currency basket index to 91.5 (base May 1970) from 91.4. y The Index was last adJusted to 91.4 from 91.3 on Sept 12. ReuterReuter - 50 words
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192 1977-09-20 11 Up for auction lock, stock and barrel A 12,000 sq.m. factory manufacturing glycerine and stearic acid will come under the hammer this Thursday. The receiver and manager of Qlychem Singapore Pte. Ltd has ordered the auctioning of the leasehold property together with factory and other buildings and plant and machinery192 words
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Article101 1977-09-20 11 ALTHOUGH the boom years are over In the Asean building industry, the market has room for companies with a better quality, low-cost product and which are willing to make the extra effort to compete, said Mr. John Holdrldge, the US Ambassador. Speaking at the opening of101 words
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412 1977-09-20 11 DESPITE the property slump, developers continue to plan new apartment blocks which they hope will attract buyers. Two such new hopefuls are Derby Court which is coming up In Derbyshire Road and an, as yet, unnamed 12-storey apartment block In Evelyn Road. Derby Court,412 words
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Article198 1977-09-20 11 THE firms participating In the West Yorkshire trade mission now In Singapore account for about $3.2 million worth of exports to the South-east Asian region annually, and they are here to expand their sales further, said the mission secretary, Mr. Cecil Wilson. The 14-member group Is198 words
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Page 11 Advertisements
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Advertisement14 1977-09-20 11 SYgrans 12:00 noon-7:OQ pm r* f/>e ASEAN showcase of American technology NT =iz si14 words
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367 1977-09-20 12 THAILAND Is planning to tap the international money markets for some US$6O million (SSI47 million) to US$l2O million within the next few months. The latest issue of Euromoney, a financial monthly from London, quotes Mr. Antione W. Van Agtmael, managing director of Thai Investment367 words
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181 1977-09-20 12 KUALA LUMPUR, Mon. Tin miners are hopeful that the government will grant them some relief from the present "crushing" tax burden. They discussed their burden in a comprehensive memorandum submitted recently to the Finance Minister, Tengku Razaleigh Hamzah. The miners have appealed to Tengku181 words
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Article418 1977-09-20 12 THE High Court yesterday granted with costs an application by Mr. Kuok Hock Chin, a director of Kuok (Singapore) Pte. Ltd., allowing him to inspect the accounting and other records of the company. The judge ordered that the accounts of the company be made available "forthwith"418 words
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Article784 1977-09-20 12 LONDON. Mon. The market closed steady at the lower levels after the mid-session rally which brought the Financial Times Index several points above the day's lowest point as selling pressure faded, dealers said. At 3pm the index was down 13.9 at 518.0 after falling to 512.1 at 11am.784 words
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230 1977-09-20 12 THE Canadian Minister for Transport, Mr. Otto Lang, will hold talks with the Senior Minister of State for Communications, Mr. Ong Teng Cheong, as well as with members of the grain trade, on Thursday after he flies into Singapore from Australia on Wednesday230 words
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Article71 1977-09-20 12 THE Singapore Industrial Labour Organisation (SILO) and the Pioneer Industries Employees' Union (PIEU) will send a Joint team next May to Japan to study shipyards and the labour movement there. They will also attend a seminar in Japan and will stop over for talks In South Korea,71 words
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225 1977-09-20 12 NORWAY has won shipbuilding contracts from Singapore, Egypt, Costa Rica, Lebanon and Venezuela, as a result of the Norwegian government policy of offering 90 per cent finance for 15 years at an interest rate of only five per cent per annum. All these225 words
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Article201 1977-09-20 12 TWO foreign trade missions, one from Brunei and the other from Abu Dhabi, will visit the 10-day Singapore Fair '77 opening this Friday at the Invitation of the Singapore Manufacturers' Association. From Brunei will come a 73-member trade and Industry mission organised by the201 words
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Article87 1977-09-20 12 A CIVIL claim for $554,433 by commodity brokers Inslnco against Seng Bee Hang, a trading firm, has been settled. The claim, allegedly based on contracts between the two parties in 1974, relates to the purchase and sale of a total of 310 lots of five tons each87 words
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507 1977-09-20 12 Reuter MANILA, Mon. British Ambassador William Bentley today forecast a considerable expansion of trade and economic relations between Asean and the European Economic Community (EEC) as a result of stepped-up contacts. In an Interview on government television, he stressed that Britain no longer consideredReuter - 507 words
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432 1977-09-20 12 AP BEIRUT, Mon. Saudi Arabia has again denied It concluded a secret treaty with the United States governing oil and economic relations between the two nations. "There Is no such treaty," said Saudi Finance Minister Mohammed Abal Khell In an Interview publishedAP - 432 words
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182 1977-09-20 12 Reuter SEOUL, Mon. Commerce and Industry Minister Chang Yle-Joon said today South Korea would shift emphasis in Its economic relations with Europe from textile and shoe exports to Joint ventures to manufacture and export plants. Mr. Chang said that as part of suchReuter - 182 words
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Article99 1977-09-20 12 SENIOR Asean trade officials are expected to meet later this month in Singapore to discuss steps towards Implementing the preferential trading arrangement with regard to the 71 products agreed to at the last Asean summit. The four-day meeting by the trade and tourism committee of Asean will99 words
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Article286 1977-09-20 12 THE National Trades Union Congress Welcome group of supermarkets will offer frozen fish from New Zealand as a substitute for local fish, which will result In the price of fish being reduced by as much as onethird. This was stated by NTUC Welcome's chairman286 words
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123 1977-09-20 12 THE Economic Development Board has said the response to Its latest recruitment drive for apprentices under Its Joint Government Industries Training Scheme has been overwhelming. Applications for this scheme close at the end of this month. The EDB Is seeking to recruit 140 youths, most123 words
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Article317 1977-09-20 12 Reuter TOKYO, Mon. Japan today announced a US$l.l5 billion (Ss2.B billion) visible trade surplus for August, a spectacular fall of nearly 50 per cent on the record $2.05 billion surplus registered in July. Preliminary figures disclosed by the Finance Ministry showed exports dropped from July's recordReuter - 317 words
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404 1977-09-20 12 SINGAPORE'S granite quarry operators are feeling the pinch of falling demand for their products. There Is price undercutting among the 12 to 14 private quarries as they struggle to survive, and for many, operating capacity Is now down to 50 per cent.404 words
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Page 12 Advertisements
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Advertisement115 1977-09-20 12 In this cose (1) Tough, hard-wearing AOs shells. (4) Detachable writing board (2) Convenient pockets (5) Comfort hoodie (3) Rust-resistant frame (6) Combination lock 3r r~ v In this case, youH have the more spoOous of the Attoche series. -j Equipped with a writing piotform and secret compartment. Ample for115 words
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