The Business Times, 22 September 1977

Microfilm: NL9453
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, SEPTEMBER 22, 1977 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Aluminium cutback
      67 1 AFP TOKYO, Wed The government today approved seven major Japanese aluminium makers, sharing 93.8 per cent of the market, to reduce production by 14.1 per cent from year-ago levels until the end of this year. The government also said It would ask 15 synthetic fibre mills to reduce
      AFP  -  67 words
    • Article
      Brunei trade team in
      53 1 A 70-MEMBER trade delegation from Brunei arrived In Singapore yesterday morning at the Invitation of the Singapore Manufacturers' Association to attend the Singapore Fair '77 which opens tomorrow. According to the mission's leader, Dato Llm Teck Hoo, the members Intend to buy a variety of goods
      53 words
    • Article
      Lock icon End Concorde call
      60 1 AFP LONDON, Wed. A powerful Parliamentary panel today said production of the FrancoBritish Concorde supersonic airliner should be halted around mid-1978 in order to avert further losses. The House of Commons' Public Accounts Committee in a report released here said the British state had so far spent
      AFP  -  60 words
    • Article
      Lock icon Witteveen's decision
      37 1 Reuter WASHINGTON, Wed. The managing director of the International Monetary Fund (IMF), Mr. Johannes Witteveen, has decided for personal reasons nojt to seek a second term In the post, an IMF spokesman said today. Reuter.
      Reuter  -  37 words
    • Article
      Lock icon Common approach
      65 1 Reuter BRIDGETOWN (Barbados), Wed. Finance Ministers from 36 Commonwealth countries begin a two-day meeting here today aimed at finding a common apitfoach to international economic problems before world-wide discussions in Washington later this month. Most of the ministers will be going to the United States after the talks
      Reuter  -  65 words
    • Article
      Lock icon Commerzbank office
      46 1 AFP JAKARTA, Wed. Directors of the German Commerzbank announced officially today the opening of a representative office In Jakarta. Ranking third in size among German commercial banks, Commerzbank, which is operating in more than twenty countries, has representative offices In Japan and Singapore. AFP.
      AFP  -  46 words
    • Article
      Lock icon Dow Jones
      82 1 UPI NEW YORK, Wed. Encouraged that the August consumer price Index rose only 0.3 per cent the smallest rise since November 1976 Investors drove stocks higher early today In active trading. The Dow Jones Industrial average, which rallied to gain 0.26 point yesterday, was ahead 1.91 points to
      UPI  -  82 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      186 1 EASIER conditions persisted in quiet and selective trading on the Stock Exchange of Singapore yesterday. Sellers dominated the scene right from the opening bell and losses at the height of their liquidation activity ranged up to four per cent in extreme cases. The Business Times index finished
      186 words
    • Article
      In Kuala Lumpur
      114 1 Falls Most active K Sldlm M Flour Sel C'nuls 4 82 3.32 -.10 -.10 Olympla Msla Weaving 217,000 146.000 1.87 -.06 M Flour 87.000 SPText 1.14 -.06 O. Ceramics 67,000 JC-MPH 1.20 -.06 Total Turnover: 2.06M Aokam 4.00 -.06 Total Value:MS 3.61M M Rice 1.40 -.05 Malay
      114 words
  • Article
    Why a growing number flock to S'pore
    350 1 SINGAPORE has been able to attract growing numbers of International companies to invest here because of its overall economic philosophy and attitude towards international trade and Investment and multi-national corporations as a key component of the International economic system. This was stated here
    350 words
  • Article
    Swedes don't have second thoughts
    841 1  -  INVESTING IN THE REPUBLIC By RONNIE LIM POTENTIAL Swedish investments In Singapore are not expected to be affected by the 10 per cent devaluation of the Swedish krona last month. This Is the view of the Economic Development Board which has opened its own Stockholm
    841 words
  • Article
    Isostat plant all set to start production
    666 1 A LEADINO French manufacturer has set up Its operations here at such speed that It Is all ready to go into production within two months of having registered its company. This comes none too soon for Isostat. which manufactures electronic components, for Its
    666 words
  • Article
    Lock icon US payments deficit record
    226 1 UPI WASHINGTON, Wed. The US balance of payments set a record during the second quarter when It fell Into deficit by US$4.6 billion (5f11.3 billion), the Commerce Department said today. The red Ink In the current account ledger during the April-June quarter compared with a $4.10
    UPI  -  226 words
  • Article
    Lance suit denied
    104 1 WASHINGTON, Wed. The Securities and Exchange Commission today categorically denied a report that it is preparing a civil fraud suit against Budget Director Bert Lance and the National Bank of Georgia in connection with a 1975 stock offering. Source* told UPlthe suit was in the works, but
    104 words
  • Article
    AUGUST VEHICLE OUTPUT IN JAPAN DOWN
    152 1 TOKYO, Wed. Japan's vehicle production fell 17.9 per cent to 598.314 units In August from 728,559 In July because of summer holidays, the Automobile Manufacturers Association said. The August total was up 8.2 per cent from 552,720 In August last year, reflecting active export
    152 words
  • Article
    Lock icon Smallest rise in US consumer prices
    239 1 UPI WASHINGTON, Wed. Consumer prices in the United States rose 0.3 per cent in August the smallest increase in nine months reflecting moderate food price increases and the year's first drop in mortgage rates, the Labour Department said today. In Hongkong too, consumer prices
    UPI  -  239 words
  • Article
    Lock icon Another go
    31 1 UPI PARIS, Wed. French leftist opposition leaders resumed negotiations today in an effort to reach agreement on updating their Joint election platform for showdown legislative elections next March. UPI
    UPI  -  31 words
  • Article
    Lock icon Vital role of Japanese in Malaysian projects
    343 1 UPI TOKYO. Wed. Malaysian Premier Datuk Hussein Onn, winding up official talks In Tokyo, said today Japanese Investment In his country is "vital" for execution of Malaysia's development projects. Datuk Hussein, currently on a six-day visit to Japan, also stressed the need for
    UPI  -  343 words
  • Article
    Lock icon Hongkong tightens takeover code
    163 1 Reuter HONGKONG, Wed. Hongkong's Securities Commission announced several amendments to the code on takeovers and mergers, barring companies having connections with parties to such transactions from being appointed financial advisers to any of the parties. A commission statement said the following sentence is added to the
    Reuter  -  163 words
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      Page 1 Advertisements Column 1
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      Page 1 Advertisements Column 2
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      3 1 SEE BACK PAGE.
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      293 1 SINTAT Rent-a-Car .VORIOA Of Singapore: *****55, *****5 (Airport) Kuala Lumpur: *****6 Penang: ***** Which bank cut the world down to size, just for you? We did. Bank ol America. I'll rough our new World Banking Dvision. we've divided up the world ol business into lour, eayv-to-manage parts: North America: Latin
      293 words
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  • OVERSEAS
    • Article
      Lock icon They roar their approval of legislation
      508 2 NYT WASHINOTON, Wed. Breakfasting with steel company executives, Congressmen from steelproducing districts shouted approval yesterday of legislation to do something about steel imports. More than two dozen of them cheered a proposal to form a "steel caucus" and went down to the White House
      NYT  -  508 words
    • Article
      Lock icon US Steers move against dumping
      430 2 UPI WASHINGTON, Wed. US Steel Corp., the nation's largest producer, has filed a petition with the Treasury Department seeking relief from the dumping of certain Japanese carbon steel products In the United The petition sought relief under an existing federal anti-dumping statute by imposing special
      UPI  -  430 words
    • Article
      Lock icon Tokyo learns with regret
      164 2 UPI TOKYO, Wed. Japan today said it was "regrettable" that US Steel Corp. filed a petition with the US Treasury Department seeking relief from dumping Japanese carbon steel products in America. Officials of the Ministry of International Trade and Industry (Miti) said the US action was
      UPI  -  164 words
    • Article
      Lock icon Warning labels on saccharine rejected
      213 2 AP WASHINGTON Wed. A proposal to require cancer warnings on products containing saccharine was rejected yesterday by the House of Representatives Interstate and Foreign Commerce committee. But the committee followed the Senate by voting to delay banning the artificial sweetener for 18 months. If the
      AP  -  213 words
    • Article
      Lock icon More are keen to deal with Hungary
      141 2 AFP BUDAPEST, Wed. More West European and overseas companies are now ready to trade and cooperate with Hungary, sources close to the current Budapest International Fair said yesterday. Hongkong, Britain, France and West Germany are among the 30 countries represented. Several Hongkong firms,
      AFP  -  141 words
    • Article
      Lock icon BRITAIN INVITED TO OPEC OIL MEET
      132 2 AFP LONDON, Wed. The Organisation of Petroleum Exporting Countries has invited Britain to an Opecsponsored meeting in Vienna next month on world trends in oil prospecting. production and demand, Energy Ministry sources said today. They said Britain had accepted the invitation. However, the sources
      AFP  -  132 words
    • Article
      Lock icon 'Real economy' stumbles along
      1474 2  -  A MAJOR turnround in financial markets has occurred during the past 12 months, with the pound strong, unprecedented of foreign currency, an improving current account and a sharp decline in interest rates. But industrial activity and consumer demand have remained low and growth in bank lending
      FT  -  1,474 words
    • Article
      Lock icon Grain stockpiles are expected to fall
      544 2 AP WASHINGTON, Wed. Despite prospects for the largest grain crop in the United State's history and a near-record world crop of wheat, feed grains and rice, stockpiles next summer are now expected to decline for the first time In three years, the US Agriculture
      AP  -  544 words
    • Article
      Lock icon CALL FOR MAJOR CHANGES IN MEAT IMPORT LAWS
      596 2 AP WASHINGTON, Wed. Montana Governor Thomas Judge and Senator George McGovern led more than 30 witnesses yesterday In an attempt to persuade the US International Trade Commission to Join their call for major changes In laws governing meat Imports. The principal aim
      AP  -  596 words
    • Article
      Lock icon VOTE AGAINST TAX ON GAS GUZZLERS
      98 2 Reuter WASHINGTON. Wed. The Senate Finance Committee voted 11-5 against a tax on "gas-guzzltng" cars. The committee action dealt a serious blow to President Carter's plans for a big tax on cars to save energy. The House has passed a gas-guzzler tax that would
      Reuter  -  98 words
    • Article
      Lock icon Now it's North Sea coal for UK
      179 2 Reuter LONDON, Wed. The Department of Energy today said Britain's search for oil and gas in the North Sea had also uncovered rich supplies of a third source of energy coal. The coal was lying in seams which were up to 17 metres
      Reuter  -  179 words
    • Article
      Lock icon Japan wants to up quota
      229 2 Reuter TOKYO. Wed. Japan will seek a selective increase in its quota in the International Monetary Fund (IMF) commensurate with its present economic strength in the seventh general review of IMF quotas, Bank of Japan governor Teiichiro Morinaga said. He also told a press conference
      Reuter  -  229 words
    • Article
      Lock icon Ministers compare notes ahead of IMF meeting
      239 3 AFP PARIS, Wed. Finance ministers of Prance and French-speaking African countries except the Comoro Islands discussed monetary problems here yesterday ahead of next week's International talks in Washington. The ministers, who meet traditionally to compare notes before the annual International Monetary Fund and
      AFP  -  239 words
    • Article
      Lock icon Panel calls for money supply cut
      113 3 Reuter NEW YORK, Wed. The self-styled Shadow Open Market Committee at Its semi-annual meeting called on the Federal Reserve Board to remove the summer bulge In money supply by reducing the current level by US$4 billion (SS9.B billion). The panel, a group of leading
      Reuter  -  113 words
    • Article
      Lock icon UK bankers' association replies
      92 3 Reuter BRUSSELS, Wed. The EEC Commission has received a telex from the British Bankers' Association, BBA, giving information requested under Common Market anticartel rules, an EEC Commission spokesman said. However, the spokesman declined to comment on the contents as the matter is sub-Judlce. The commission had
      Reuter  -  92 words
    • Article
      Lock icon Sluggish world growth focus of joint talks
      464 3 Reuter WASHINGTON, Wed. The sluggish world economy with attendant problems of high unemployment will be a major theme running through this year's joint annual meeting of the World Bank and International Monetary Fund, Informed monetary sources said. No new dramatic new solution to
      Reuter  -  464 words
    • Article
      Lock icon TO THE TUNE OF $25b . . .
      260 3 TO THE TUNE OF $25b Reuter WASHINGTON, Wed. The IMF needs US$lO billion (5524.7 billion) In supplemental financing to help keep the world's economy stable, officials of the treasury and state departments said. Mr. Richard Cooper, Under-Secretary of State for Economic Affairs, and Mr. Anthony Solomon, Treasury Under-Secretary for Monetary
      Reuter  -  260 words
    • Article
      Lock icon Dutch reflation package?
      112 3 Reuter THE HAOUE, Wed. Holland may introduce a reflatlonary package amounting to 2.5 billion guilders (3*2.45 billion) to stimulate the economy and reduce unemployment, caretaker Prime Minister Joop Den Uyl said. The present Cabinet may have to decide on the package If a new Cabinet is not
      Reuter  -  112 words
    • Article
      Lock icon Turkey devalues lira
      131 3 AP ANKARA, Wed. Turkey, suffering a severe foreign exchange shortage, today devalued Its lira against the dollar by 10 per cent. The parity of the dollar was changed from 17.50 lira to 19.25. The move, coming on the heels of a visit of an International Monetary Fund
      AP  -  131 words
    • Article
      Lock icon German reserves down
      83 3 Reuter FRANKFURT, Wed. West Germany's net monetary reserves fell 700 million marks to (***** million) to 85.0 billion in the week ended Sept. 15 as a result of Bundesbank dollar sales to smooth out the dollar-mark exchange rate, the Bundesbank said Net currency reserves fell 700 million
      Reuter  -  83 words
    • Article, Illustration
      Lock icon Charity starts at home says Canada
      257 3 UPI OTTAWA, Wed. Canada can help poorer countries only if its own economy is strong, external affairs minister Don Jamieson said yesterday to a gathering of Commonwealth parliamentarians. "There will be those who feel that the progress that has been made has been too
      UPI  -  257 words
    • Article
      Lock icon HOPES OF EARLY UPTURN FADING
      132 3 Reuter MONTREAL, Wed. Royal Bank of Canada said Its index of foreign economic Indicators fell at an annual rate of 1.4 per cent in the 1977 second quarter, cancelling first-quarter gains and ending hopes of early economic improvement. Bank economist Robert Baguley said the index's
      Reuter  -  132 words
    • Article
      Lock icon Arms credits for Lebanon
      186 3 Reuter WASHINGTON, Wed. The United States has agreed to provide Lebanon with US$25 million (5561.25 million) in military credits for small arms to build up its army, government sources said yesterday. The agreement was signed on Monday In the Pentagon by Lebanon's General Victor Khourl for
      Reuter  -  186 words
    • Article
      Lock icon Disaster fund
      65 3 AFP STOCKHOLM, Wed. The National Agency for International Development (Slda) has decided to set up a reserve fund available for developing countries in the event of a disaster It was learned here. The fund, with a value of about US$6 million (Ssls million), would help to provide "first
      AFP  -  65 words
    • Article
      Lock icon Honda is accused of selling at cut prices in US
      169 3 AP MUSKOGEE (Oklahoma), Wed. A clajsaction suit seeking US$4 miUion (559.76 million) in damages has been filed in federal court here against American Honda Motor Co. and Honda Motor Co. Ltd. Smokey's of Tulsa filed the suit on Monday and
      AP  -  169 words
    • Article
      Lock icon Bank rate cut
      40 3 Reuter HELSINKI, Wed. The cut In Finnish bank rate to 8.25 per cent from 9.25, announced last month when the Finnish mark was devalued by three per cent will take effect on Oct. 1, the government said.
      Reuter  -  40 words
    • Article
      Lock icon SEC civil fraud suit against Lance soon
      434 3 UPI WASHINGTON. Wed. The Securities and Exchange Commission (SEC) Is preparing a civil fraud suit against White House budget director Bert Lance and the NaUonal Bank of Georgia In connection with a 1975 stock offering. The SEC assigned two attorneys to the Lance
      UPI  -  434 words
    • Article
      Lock icon More British workers threaten to strike
      381 3 Reuter LONDON, Wed. Britain's Labour Government faced a new wave of rebellion by workers determined to break Its guidelines on wage restraint. The threat of more Industrial trouble came as official statistics showed the country's economy remained In the grip of recession despite recent
      Reuter  -  381 words
    • Article
      Lock icon Callaghan all for Tokyo's reflation moves
      172 3 Reuter LONDON, Wed. British Prime Minister James Callaghan has sent a message to Prime Minister Takeo Fukuda welcoming Japan's recent measures to reflate Its economy and help dampen foreign criticism of Its massive trade surplus, British officials said yesterday. Mr Callaghan's letter said that
      Reuter  -  172 words
    • Article
      Lock icon Second quarter GDP declines
      97 3 Reuter LONDON, Wed. UK gross domestic product fell by about one per cent in second quarter 1977 compared with the first quarter, revised seasonally adjusted data from the Central Statistical Office show. Provisional output data from the Statistics Office showed a 0.9 per cent fall In
      Reuter  -  97 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      52 2 THt WEATHER WEATHER report for 24 boon prior to 7.90 pm on Sept 21 at Singapore airport. Maximum Temperature 30.9° C Associated Humidity 74 Minimum Temperature 24.9° C Associated Humidity 98 Hours of Sunshine 2.80 Rainfall in Millimetres 9.4 Total Rainfall for the Month 101.9 Total Rainy Days for the
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      269 2 SINGAPORE 5 300 PM Opening announcements followed by Window (ChineseRepeat) 3.35 Diary of Events (Chinese) 3.40 Eight Heroes of Shou Lin (Repeat) o 4.30 Intermission 6.05 Opening announcements followed by Lassie Lassie and the Buffalo 4 6.30 News in Brief 0 6.35 Warna-Warni (Malay-Repeat) 0 The Muppet Show 0 News
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      Page 3 Advertisements Column 1
      128 3 1 > I 'if' iW -3 Ib. IS -k S3 m Sis— .j B ''5, 2 mihM m ft Vft* fit I** 1 1 -VS."! I 1 miul SB I- J I > iil A II -v' ihs M BVRTSI mm •lIS ii \!®fe -i^ n* x I \\V AD
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      594 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Kick that gives you the wind up again? (6) 7 Speaks strongly of former assertions (8) 8 Life-line! (4) 19 He makes one wheel turn two, usually (6) II Not a private line! (8) 14 Surgeon In the slave trade (3) 15 Smite with
      594 words
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  • COMPANY NEWS
    • Article
      Gold Coin board expects progress to continue
      360 4 GOLD COIN has steadily recovered from the difficult conditions which it experienced last year. For the first half-year to June 30. 1977 group pre-tax profit rose 23 per cent to $2.94 million. And directors expect the progress will continue in the second half
      360 words
    • Article
      PEOPLE IN BUSINESS
      188 4 MR. EARL W. PITT, president and Mr. Colin I. Baxter, corporate vice-president of the Foxboro Co., Foxboro, Massachusetts, US will make a brief visit to its facility here on Oct 5. Mr. C.A. Pascale has resigned as a director of Esso Malaysia. Mr. R.K. Meahl has been
      188 words
    • COMPANY MEETINGS
    • LATEST RESULTS
    • Article
      Synthetic Resins fails to meet forecast
      251 4 SYNTHETIC Resins (Malaysia) latest report and accounts contain the elst of yet another woeful tale. Its forecast last year that it would return to profitability failed to materialise. For the year ended June 30, 1977 the company continued to operate in the red, Incurring
      251 words
    • Article
      DIVIDENDS ANNOUNCED
      413 4 Current Ex Date TaUlfer Total for payment Date payable the year previous year C. Sugars 10% 8ept 5 Sept 29 15% nil International Wood 10%TE Aug 8 Sept 30 10%TE nil Pabang Consolidated 10% Aug 3 Sept 30 15% 10% Keck Seng 10%I Sept 5 Sept 30 10M
      413 words
    • Article
      Higher tin price has little impact on earnings
      607 4 TWO more small units of the London Tin stable have reported their results for the year to March 31, 1977 but their shareholders are unlikely to be waiting for It with bated breath. Like Kuala Kampar Tin Fields, whose results were published
      607 words
    • Article
      CHICAGO BOARD OPTIONS
      1445 4 On Sept 20 CHICAGO Board Options Exchange volume was 81,775 contracts on Tuesday, compared with 8®,654 on Monday. Declines led advances 221 to 203. OPTION OCT JAN APL STOCK Alcoa 45 1 1/8 2 1/4 3 1/4 49 1/4 Alcoa 90 UNTRD 3/4 1 9/8 49 1/4
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    • Article
      Scrip issue raises New Serendah capital to M$12m
      424 4 NEW Serendah Rubber's one-for-one scrip issue announced earlier this month, will capitalise M 56.15 million from a surplus of $6.5 million from the revaluation of the company's estates. The company also Indicates in a circular to shareholders that its profit this year
      424 words
    • Article
      Public Bank reports profit slowdown
      344 4 GROUP earnings of Public Bank grew at a slower rate In the first six months of this year following the general trend among banking groups. Unaudited net profit of the group rose by only 9.1 per cent to M$ 1.104 million, after providing for taxation,
      344 words
    • Article
      Lock icon Few taxpayers take advantage of appeals process
      716 4 NYT NEW YORK, Wed. For most people, having their tax returns audited is so intimidating that they don't even think of protesting further, should the IRS auditor's conclusions be unfavourable. In fact, however, an elaborate appeals process exists within the Internal Revenue Service,
      NYT  -  716 words
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      Page 4 Advertisements Column 1
      349 4 FROM FEDERAL PUBLICATIONS LiM BIAN YAM I S I 11 IP I a step-by-step guide An easy-to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice The joy of this book,
      349 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Evaluation of Palawan well delayed
      275 5 NORTH AMERICAN COMPANIES Reuter CITIES SERVICE said It has Informed the Philippine Energy Development Board of an unavoidable delay In making a decision on further activity In the Calamlan group of islands, offshore Palawan. The company said a decision cannot be made until It completes
      Reuter  -  275 words
    • Article
      Lock icon US Steel files petition on dumping
      98 5 Reuter US Steel said It filed a petition with the US Treasury Department seeking relief from alleged dumping of certain carbon steel products Into the US by Japan. It said the petition seeks relief under an existing anti-dumping statute by imposing special dumping duties
      Reuter  -  98 words
    • Article
      Lock icon GM sees record sales
      110 5 Reuter GENERAL MOTORS is forecasting and very confident that 1978 will be a record unit sales year for the company and the automobile Industry. President Elliott Estes told a press preview of GM's 1978 models. He said the industry, including imports, will sell 11.75 million cars
      Reuter  -  110 words
    • Article
      Lock icon Merrill cash management account
      194 5 Reuter MERRILL LYNCH Pierce Fenner and Smith said It is Introducing a cash management account in three cities this week as a step towards a national electronic funds transfer system. The cash management account combines dividends on automatic investment in a money market fund and direct
      Reuter  -  194 words
    • Article
      Lock icon Asarco lifts force majeure
      121 5 Reuter ASARCO said effective Sept 19 It lifted its force majeure on shipments of materials for processing to its copper smelters and refineries at Hayden. Ariz, El Paso and Amarlllo, Texas, and Tacoma, Washington. It also said that on Sept 12 It lifted the force majeure
      Reuter  -  121 words
    • Article
      Lock icon Southern Pacific earnings tumbles
      109 5 ASIAN COMPANIES Reuter HONGKONG, Wed. Southern Pacific Properties said group unaudited net attributable profit fell from HKS3.4I million to $528,000 in the six months ended June 30, 1977. The company said an improvement in hotel trading In Australia and New Zealand Is expected to continue, and
      Reuter  -  109 words
    • Article
      Lock icon Mesco signs copper equipment contract
      90 5 Reuter TOKYO, Wed. Mesco Inc said It has concluded a onebllllon yen contract to export copper refining rationalisation equipment to Copper Refineries Pty. an Australian copper smelter affiliated with Mount Isa Mining (MIN) Holding. The equipment. Including cathode-stripping machines, anode-feeding and spacing machines, and cathode
      Reuter  -  90 words
    • Article
      Strike hits Owens profit
      58 5 OWENS-ILLINOIS said a strike by mold makers affiliated with the American Flint Glass Union has closed over half of Its 21 domestic glass container plants, so Its third-quarter earnings are expected to be below the year-ago US$2B million (88 cents per share). Negotiations between the union
      58 words
    • Article
      Lock icon Glut won't affect Exxon plan
      116 5 Reuter EXXON Corp's exploration plans In Alaska will not be affected by the temporary glut In world supplies of crude oil, Exxon chairman Clifton Garvin, Jr., said. Mr. Garvin, who is visiting Exxon's operations In Alaska this week with other company directors, said the company
      Reuter  -  116 words
    • Article
      Lock icon Tax credit for shale oil
      108 5 Reuter THE SENATE Finance Committee is considering a US$3 a barrel tax credit for oil made from shale rock, a proposal that could help Atlantic Richfield and Occidental Petroleum. The committee put off a vote on the plan after the administration urged a delay so
      Reuter  -  108 words
    • Article
      Lock icon Blackout disrupts trading
      92 5 Reuter TRADING on the Montreal Stock Exchange was disrupted on Tuesday In the final hour by a power failure which affected most of the province of Quebec. Closing indices, trading volume and other Information were unavailable due to the blackout, which occurred about 35 minutes before the
      Reuter  -  92 words
    • Article
      BP drilling
      25 5 BRITISH Petroleum started drilling an exploration well in the North Sea in which Peyto Oils of Calgary holds a 40 per cent Interest.
      25 words
    • Article
      Lock icon Hutchison increases Harbour stake
      196 5 Reuter HONGKONG, Wed. Hutchison International said it bought 1.3 million Harbour Engineering HK$l nominal "A" shares, previously held by former Harbour chairman Charm Holsang, but gave no value for the purchase. The purchase raises the Hutchison stake to 40.1 per cent of Harbour's 22.4 million $1
      Reuter  -  196 words
    • Article
      Lock icon Pioneer-MCA venture
      52 5 Reuter TOKYO, Wed. Pioneer Electronic said it will establish a Joint venture with MCA Corp of the US next month here to produce MCA-Phlllps system video disc players. The Joint firm, to be called Universal Pioneer Corp, will be capitalised at two billion yen which will be shared
      Reuter  -  52 words
    • Article
      Lock icon CSR rejects valuation on AAR shares
      211 5 Reuter SYDNEY, Wed. CSR completely rejects the valuation put on AAR shares by AAR's board and Its advisers, Hill Samuel Australia, the company said in a letter to AAR shareholders accompanying takeover documents dispatched yesterdav. CSR said It is sure AAR shareholders would not
      Reuter  -  211 words
    • Article
      Lock icon PNOC strikes oil
      91 5 Reuter MANILA, Wed. The PNOC-Exploration Corp, a subsidiary of the govern-ment-owned Philippine National Oil, reported striking an oil and natural gas deposit In its onshore Relna Mercedes 1 well In northern Philippines. The Energy Development Board estimated the deposit had a possible reserve of between nine million
      Reuter  -  91 words
    • Article
      Lock icon MHI lower-cost move
      109 5 Reuter TOKYO, Wed. Mitsubishi Heavy Industries said It decided to advance the maturity date for its 100 million mark bond by two years to Jan 1 next year. The move is designed to shift the high-cost mark loan to yen credits whose interest rates have declined, Mitsubishi
      Reuter  -  109 words
    • Article
      Lock icon Eurex system makes its entry in Luxembourg
      363 5 EUROPEAN COMPANIES Reuter BRUSSELS, Wed. The "Eurex" Eurobond computer-assisted trading system will take a step forward today with the setting up In Luxembourg of Eurex SA with authorised capital of 100 million Belgian francs, chairman of Eurex Studies Syndicate Re my Kremer said.
      Reuter  -  363 words
    • Article
      Lock icon Sandvik to float US$35m bond
      161 5 Reuter STOCKHOLM, Wed. Sandvik AB, the Swedish machine tool manufacturer, will float a 15-year convertible bond for approximately US$35 million on the Euromarket during October to increase Its share capital, bond market sources said. In Its Interim report last month, the group said it planned
      Reuter  -  161 words
    • Article
      Lock icon Agip raising loan
      156 5 Reuter ROME, Wed. Agip RecnerchesCongo (Brazzaville) SA, an 80 per cent subsidiary• of Agip SPA, is raising US$25 million over six years and three months to finance oil production offshore of the congo, an Agip official said. The loan is divided into two tranches. 15 million at
      Reuter  -  156 words
    • Article
      Merger of two aviation firms
      137 5 MUNICH, Wed. Two of West Germany's biggest aviation companies, Messerschmltt Boelkow Blohm and VFW Fokker, are about to merge, trade sources here said. Talks between the managements and business partners of the two companies have already been held with the aim of establishing a staff
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    • Article
      Lock icon Phillips begins deliveries
      93 5 Reuter GRONINQEN, Wed. Phillips Petroleum has begun deliveries of gas from the Ekoflsk Field In the Norwegian sector of the North Sea to Holland, Nederlandse Oasunle said. Deliveries, made to Oronlngen via Emden In Germany, will rise to three billion cubic metres annually with similar amounts going
      Reuter  -  93 words
    • Article
      Lock icon Operating losses up
      70 5 Reuter ROME, Wed. Italy's main Industrial state holding company, IRI, which controls around 450 industrial and banking concerns, said operating losses of group members In 1976 rose to 445 billion lire from 385 billion a year earlier. However, depreciation allowances rose 28.4 per cent to 648 billion,
      Reuter  -  70 words
    • Article
      Lock icon Losses bring them together
      127 5 AP FRANKFURT, Wed. Continental and Phoenix Rubber Works, two of Germany's largest tyre makers, are planning to merge through the Corona Holding Company, a Corona spokesman said. The merger Is subject to approval by the West German cartel office. The two tyre makers have suffered losses
      AP  -  127 words
    • Article
      Lock icon Sekisui to set up factory
      70 5 UK COMPANIES Reuter A JAPANESE chemical company Is to set up a £2 million factory In South Wales, the Foreign Office announced yesterday. The company, Sekisui (UK) Ltd.. Is a British subsidiary of Japan's Sekisui Chemical, one of the world's largest plastic manufacturers. The factory
      Reuter  -  70 words
    • Article
      Lock icon Hattersley won't refer to panel
      46 5 Reuter PRICES SECRETARY Roy Hattersley said he has decided not to refer the following proposed mergers to the monopolies commission: Credit Commercial De France and Banque Internationale Pour L'Afrlque Occidental/ Brown Harrlman and international banks, Turner and Newall and Storey Brothers
      Reuter  -  46 words
    • Article
      Lock icon Briefly BHP output rose in August
      81 5 Reuter MELBOURNE, Wed. Broken Hill Pty, Australia's only raw steel maker, said its steel output rose to 619,000 tonnes in August from 588,000 In July and compared with 634,000 In August 1976. For the first three months of BHP's trading year beginning June 1.
      Reuter  -  81 words
    • Article
      Lock icon S. Korean orders
      61 5 Reuter LONDON, Wed. The Trade Department said South Korean companies plan to spend some US$5OO million on UK capital goods. The purchases will include machine tools bought under a $25 million credit to Hyundai Construction and ship repairing equipment. The Trade Department statement follows the recent visit
      Reuter  -  61 words
    • Article
      Henderson and Baring to merge interests in Far East
      227 5 HENDERSON Administration and Baring Brothers said they are to merge their existing Interests In Investment management In the Far East. The Intention, subject to receipt of the necessary consents In the UK, Is for the existing Interests of the parties in
      227 words
    • Article
      Lock icon Arbed joint project
      66 5 Reuter SEOUL. Wed. Korea Iron and Steel Works and Luxembourg's Arbed SA are to build a US$l5 million Joint-venture plant here. The plant would start producing 6.000 tonnes of steel tyre cord annually towards the end of next year, with construction beginning later this year. The two
      Reuter  -  66 words
    • Article
      Lock icon Euro-credit
      47 5 Reuter LONDON, Wed. The Development Bank of the Philippines has obtained a US$75 million seven-year Eurocurrency credit arranged by Manufacturers Hanover Asia. Citicorp International Group and BT Asia, a member of the Bankers Trust Group, Manufacturers Hanover said. The loan is guaranteed by the Philippines. Reuter.
      Reuter  -  47 words
    • Article
      Lock icon Boregard placement
      44 5 Reuter FRANKFURT, Wed. Bor•regard A/S of Norway plans a 25 million mark 8.50 per cent seven-year private placement at 99 per cent, primary bond market sources said. The placement is managed by Deutsche Bank. Dresdner Bank and Bayerlsche Verelnsbank, they added. Reuter.
      Reuter  -  44 words
    • Article
      Lock icon Coupon
      31 5 Reuter LONDON, Wed. The coupon on this week's UK Municipal Authority yearling bond was set unchanged at 7/8 per cent, market sources said. The bonds were priced at par. Reuter.
      Reuter  -  31 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      128 5 The beautifully affordable teac. See it. Hear it. Have it Inside and out, this is an exciting new casset'e deck design. The TEAC A 103 is engineered to perfo r m like decks costing fat more. That's why it incorporates an FG servo control'ed DC motor, advanced Dolby* noise reduction
      128 words
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  • Article
    Share Information Service
    2349 6 Gr'i Gr'* Net \SR1 Last div Div y'M P/E Vol Day High Low f ii in ii j Sale -for- c'vr ('009) High Low SECTION ONE INDUSTRIALS 154 136 Acma 140 unch 12.ON 1.8 8.5 8.5 2 140 140 204 172 Alcom 172 10.0 0.5 5.8 27.7
    2,349 words
  • Article
    Transactions in Singapore
    1305 6 BID and offer price* officially luted and business In and reported to the Stock Exchan<e of Singapore yesterday with the number of shares traded shown brackets In lots of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett." Bit Board deals
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  • Article
    In Kuala Lumpur
    1534 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 Aetna (1.40B). Ajinomots (2.058 2 20S). Alimi (1.708 1.80S). Alt'. Held
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  • Article
    Stock options
    57 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. DBS (March *3.60) (0.158 0.255): (Dec. 13.60) (0.108 0.20S): Inchcape (Sept. 52.40) (0.955): UOB (Dec.
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  • Article
    Unit trusts
    144 6 SINGAPORE UNIT TRUST INCOME BOND UNIT iMuifen prkx far 8apt a) (Cumat rim) The Commerce 1.73 1.83 INCOME BOND 1.07 1.13 The 8a vine Fund 1.03 108 S pore Prog rund 0 82 0.87xd MARA BUMIPUTRA FUND 8 pore Security (Maaafars' prior* far Sapt 22) Fund 154 1.63
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  • Article
    CORPORATE BONDS
    167 6 B O T 8 1/2% 1981 (100,000) (103 *B 103 7 -«S) B O T 7 5/8% 1984 (100.000) (99 *B 99SS) LTCB J 1982 (100,000)(98*B 99**S) Credit Lyonnaia Floating 1983 (100.000) (98*B 98*S) DBS Convert* 6 1/2% 1991 (100,000) (97*8 98',S) D B S 8 1/2% 1982
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  • Article
    GOVERNMENT BONDS
    99 6 Rep Spore D Mark 7% 1982 (100,000) (1018 101HS) Rep Spore 6 1/2% 1983 (100.000) (98%8 100HS) Rep Spore 7 3/4% 1987 {100.000) (100' jB 101S) 5 1/4% 1/12/77 (250,000) (101.30S) 5% T F 1/3/78 (250,000) (101.455) 5 1/2% 1/4/78 (250,000) (100.958 101.10S) 6 1/2% 15/8/78 (250,000) (102.305)
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      Page 6 Advertisements Column 1
      177 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 cost-" effective medium to reach Singapore's top businessmen. The decision makers of industiy and commerce. Politicians, civil servants, the media and more. It's people like these
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  • Article, Illustration
    SELLERS DOMINATE
    572 7 EABIER condition* per* •iated in quiet and selective trading on the Stock Exchange of Singapore yesterday. Investor* and speculator* continued to fight shy of fresh commitments. In the circumstances, price* were further weakened on contra selling. Some short-selling among the glamour issue* could not be ruled out altogether,
    572 words
  • Article
    KLSE ENDS SUBDUED
    464 7 LIGHT scattered selling characterised the Kuala Lumpur Stock Exchange yesterday. In subdued trading, prices were gradually eroded under stoploss and stale bull 11- quidation. There was a dearth of buyers on opening and bids were mostly posted at lower levels. The market drifted uncertainly throughout the morning
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      348 7 HONGKONG: The market closed Uttle changed on low turnover on Wednesday, dealers said. The Hang Seng index rose 0.45 points to close at 420.93. Hoagkoag Baak rose 10 to HK517.90 and Hutchison and Wheelock Mardea 2.50 cents each to $3.18 and $2.50 respectively, while Hnngknag Land and Swire Pacific
      348 words
    • Article
      Tokyo
      468 7 TOKYO: Share prices on Wednesday, closed slightly lower on concern over increased margin debts, dealers said. The Dow Jones average fell 7.60 to close at 5,188.49 with volume 220 million shares. The New Index closed at 387.15, down 0.06. Steel mills and some exportorientated shares fell on reports from
      468 words
    • Article
      Sydney
      447 7 SYDNEY: The market was lower virtually across-the-board on Wednesday, dealers said. The Sydney All-Ordlnarles dropped 0.52 points to close at 439.42. Among Industrials, BHP fell four to a year's low of A 55.40. while banks were also weak, with The Wale* losing four to $5.16 and The National eight
      447 words
    • Article
      Manila
      13 7 THE Manila market was closed on Wednesday for the Martial Law Anniversary.
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    • Article
      Bangkok
      109 7 SEPT 21 Bahts Asia Fibre 179 -1 Bangkok Bank 385 -2 Bangkok Invest. 282 -4 Bangkok-Metro-politan Bank Bata 7O0S unch Bern Jucker 434 -2 Charoonf Thai Wire 1778 Dumex Duslt Thanl 2348 unch Faber Merlin First Trust 1S2S unch Oenera Finance 247 -3 Indo-Thal Industrial Ftnance Corp 1296 unch
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    • Article
      Amsterdam
      289 7 AMSTERDAM: Prices fell on Tuesday, as traders held back ahead of Wednesday's 1978 budget announcement, dealers said. Unilever and Hoogovens led Dutch Internationals 0.40 guilders lower although Royal Dutch, an Isolated gainer, firmed 0.40. Insurances, banks, trading and Industrial stocks fell. Among Isolated exceptions were Fokker which rose 0.30
      289 words
    • Article
      Brussels
      158 7 BRUSSELS: Belgian shares were Irregular In (airly active trading on Tuesday, bourse sources said. Among shares to rise were Hoboken, Clabecq, HainautSambre and Arbed, while Aaturienne. Soflna. Wagon-Liu, UCB and Solvay all lost ground Most German shares fell, UK were Irregular, Canadian and French little changed, Dutch and US
      158 words
    • Article
      Frankfurt
      315 7 FRANKFURT: Shares lost on average up to two marks on weak demand closing at the day's lows in small turnover, dealers said on Tuesday. Siemens was the main loser among leading shares, falling 2.60 marks. News of the Conti Phoenix merger plan had no special Impact. Conti Gummi fell
      315 words
    • Article
      Milan
      144 7 MILAN: Stocks closed easier in dull trading on Tuesday, bourse sources said Generate Immobiliare was again sharply easier pending government clarification of its attitude to rescue plans. Fiat, Anic, Aaaicurazioni Generali, Italicider, both Olivetti* and both Pirelli* fell. Montediaon and Baatogi firmed slightly against the trend. SEPT Lire Anlc
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    • Article
      Paris
      339 7 PARIS: The market eased in thin trading on Tuesday, with continuing political anxiety and the fall on Wall Street affecting almost all sectors, dealers said. Gains were Isolated, with foods, electrlcals and chemicals mixed. Americans, oils, Canadians and Dutch stocks followed the fall on Wall Street while Germans were
      339 words
    • Article
      Zurich
      274 7 ZURICH: The market was Irregular In active two-way trading on Tuesday, dealers said. The Credit Suisse Index dropped 0.6 points to close at 240.1. Swissair fell, the record operating profit expected by the company largely discounted, they said. Banks generally retreated. Among mixed rinanclals. Bally bearer gained while Its
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    • Article
      Jo'burg
      404 7 JOHANNESBURG: Golds closed firmer on Tuesday, with heavyweights gaining up to 75 cents, while elsewhere Increases ranged between five and 25 cents, dealers said Financial minings followed producers higher, with General Mining 60 cents up at 2,550. De Beer* was down at 407 cents (502). Copper shares were harder
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    • Article
      Toronto
      319 7 TORONTO: Share prices closed lower In listless, moderate trading on Tuesday, yielding to pressure from New York. The composite Index was almost a point lower and losses outnumbered gains 198 to 173. The media Index, down more than 12 points, led the decline. Dominion Bridge at 22, Trans Mountain
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    • Article
      New York
      1101 7 NEW YORK: Stocks were mostly lower on Tuesday, after showing varying amounts of weakness all session. Trading was moderate. The market opened broadly lower, turned mixed, slipped slightly and turned mixed again. Analysts said investors are concerned about rising Interest rates and about the slowdown In the economy.
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    • Article
      Indices
      68 7 FINANCIAL TIMES INDUSTRIALS Tuesday 522.3 Monday 51® 9 Week Ago 535 7 DOW JONES AVERAGE INDUSTRIALS Tuesday 851.78 Monday 851 52 Week Ago 854 5« LONDON DOLLAR PREMIUM Tuesday 90 to 90Vi Monday 90% to 90% H.K. HANG SENG Tuesday 420.48 Monday 420.47 Week Ago 427 75 SYDNEY INDUSTRIALS
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    • Article
      Lock icon NZ notes priced at 99pc
      77 7 Reuter NEW YORK, Wed. The public offering of US$lOO million of "government of New Zealand seven-year notes due 1984 was priced at 99.464 to yield 7.60 per cent, Kidder Pea body, manager of the underwriting group said. Net proceeds from the sale of the notes
      Reuter  -  77 words
    • Article
      Lock icon Toray coupon
      64 7 Reuter LONDON, Wed. Toray Industries plans to issue US$3O million of notes, lead manager SO Warburg said. The notes, due 1984, are expected to carry a coupon of 7* per cent and art guaranteed by Mitsui Ban* They will be redeemed semi-annually after 2Y» years to give an
      Reuter  -  64 words
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      Page 7 Advertisements Column 1
      546 7 BUSINESS TIMES Airline Directory Aorof lot Soviet Airline* 110-112 Show Centre, Orchard Road, Singapore 9 (Tel: 377.111) Air Ceylon 302-B, 3rd Floor, Marina Houm Shenton Way, Singapore (1) (Tel: *****88) Air France Ground. Floor, ICS Building, Shenton Way Singapore 1 (Tel: *****11) Air India 16th Floor, UIC Building, Shenton Way,
      546 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      484 8 THE SINGAPORE rubber market yesterday opened marginally higher following the after-hours trend here on Tuesday and higher London advices. Prices rose further on short covering and some upcountry buying, but later non-member selling of nearbys pared the gain slightly, dealers said. Turnover was small. Forward
      484 words
    • Article
      Closing prices
      30 8 Rubber: Sept 21 Singapore: October 212.00 cents (down 0.25 cent) Malaysia: October 213.25 cents (down 0.25 cent) Tin: $1,691 (up $33) Official offering: 242 tonnes (down 68 tonnes)
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    • Article
      RAS PRICES
      323 8 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int 1 RSS prompt f o b. 212.25 213.25N 211.00 212.00 Int. 1 RSS October 213 25 213 50 212.00 212.25 Int. 1 R S S November 215.25 215.75 214 00 214
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    • Article
      SSR AND SMR
      109 8 NOON SSR and SMR prices yesterday: Oct taber Nrn imber R A S. (Corn at Mth) (Forward Mth) Buyers Sellers Buyers Sellers (cents per kf) (cents per k«) SSR 20 (1-ton pallet) 205 00 207 00N 200.00 208 00N SSR 50 (1-ton pallet) 203 00 205 .OON
      109 words
    • Article
      Hongkong comex
      91 8 HONGKONG, Wed. The cotton futures market closed generally easier In moderately active trading, after a slightly easier opening, dealers said. December rose 0.38 US cents on commission house short-covering, while distant Three Months fell 0.22 to 0.95 on commission house new selling, they said. Total turnover rose to
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    • Article
      SPOT PRICES
      194 8 YARN and cotton spot exgodown prices in HK dollars: Cotton Yarn: China Blue Phoenix 20's 1.870. 32 s. 1.990. 40 s 2.100 (per bale of 400 lbs). Piece Goods: China Butterfly and Globe Brand unq. Dragon Head unq, Five Lambs unq, Flower and Butterfly unq. Flying Qeese unq,
      194 words
    • Article
      Produce exchange
      506 8 PRICES finished generally I steady In quiet and featureless trading on the Singapore produce market yesterday. The steadier soyabean oil market In Chicago and the improved trend In the Philippines further boosted sentiment in the copra and coconut oil market where small deals were reported at higher levels.
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    • Article
      Coffee
      351 8 LONDON, Wed. Coffee opened £70 to £20 lower on volume of 765 lots with the official tone "steady after the decline." A good proportion of trade selling came into the market and prices declined more than pre-market expectations. Sources said one trade house sold between 200 and 300 lots,
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    • Article
      Palm oil
      80 8 C.I.F. Rotterdam. US dollars per ton. LONDON. Tuesday Previous Malaysia 5% ffa bulk: Nov 438 sir 438 sir Sumatra 5% 520 sir 520 sir 402 50/465 pd 470 sir Nov 442 50. pd 442 50/445 pd Dec 435/431.50 pd 432 50 pd Jan 432 50 pd 433 pd
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    • Article
      Cocoa
      209 8 LONDON, Wed. Terminal cocoa opened £12 to £21 lower on sales of 207 lots. Market sources said there was no news to Influence sentiment and prices drifted lower following the trend In New York and under some light trade selling here this morning. Quiet conditions persisted throughout the morning
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    • Article
      Straits tin
      297 8 THE STRAITS tin price In Penang yesterday was up Ms 33 to $1,691 per pleul on an official offering down 69 tonnes to 242 tonnes. The rise was attributed to the London Metal Exchange's firmness on Tuesday and continued support from the US, dealers said. In LONDON yesterday,
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    • Article
      Sugar
      343 8 LONDON, Wed. Terminal sugar opened £3 to £1 below yesterday afternoon closing levels. Sales totalled 1,501 lots. Trade selling and long liquidation at the opening call saw values continue this week's downtrend and October reached a new life of contract low o. £104.50 while December equalled its previous low
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    • Article
      Rice
      193 8 BANGKOK, Wed. indicative prices quoted here today were unchanfed from yesterday: (US dollar per tonne fob bull Bangkok). WW. Un: 100 pet let (ka 306. 1W pet 2nd 292. 100 pet 3rd 2SS, S pet 217, 10 pet 255, IS pet 252. 20 pet *****6 pet 240 35 pet
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    • Article
      Soybeans
      141 8 CHICAGO, Wed. Soybean futures yesterday closed 2M to cents a bushel higher. The market was supported In the September by firmness In domestic and European markets and forecasts of rain that will further delay Midwest bean harvesting. Deferreds were Influenced by expectations of an Increase In the soybean loan
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    • Article
      Wheat
      56 8 CHICAGO, Wed. Wheat futures yesterday finished the session 2* to 1* cent* a bushel higher. The high level of last week's export Inspections and expectations of more export bus!new. Including purchases by the USSR, encouraged speculative support In the market. Firmness In corn and soybean futures and commercial buying
      56 words
    • Article
      Copper
      351 8 LONDON, Wed. Copper wlrebars this morning scored gains of £2.50 for cash and £3 for Three Months. Strength in gold and the Middle East situation were cited as the main supporting factors. On the early pre-market. values slipped back from the higher levels under profittaking and pricing sales but
      351 words
    • Article
      Silver
      228 8 LONDON. Wed. Silver finished the morning with ?iins of 0.8 to one pence. he firm overnight New York close and the continued strength in gold encouraged moderate fresh buying and converlng support which took Three Months up to 268.8 pence in the ring. Sales of 125 lots stemmed mainly
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    • Article
      Gold
      373 8 THE KILOBAR In Singapore yesterday opened higher at and slightly eased off to close at SSI 1,932 after touching a high of $11,943. In London, following strong closing In New York, the metal opened at U*****.90/151.10. Prices were subsequently bid to a high of U*****.15/30. However, due to profittaking
      373 words
    • Article
      Lead
      87 8 LONDON, Wed. Lead eased by £2.75 for cash and £3.50 for Three Months this morning. The market moved erratically as trade selling and proflttaking ran Into shortcoverlng and renewed fresh buying support, dealers said. Small pockets of European physical demand was reported In some quarters although the market otherwise
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    • Article
      Zinc
      95 8 LONDON, Wed. Zinc closed the morning with cash £1.25 lower and Three Months £0.25 higher after holding relatively steady In sympathy with the general trend but lacking fresh incentives on its own account, dealers said. Three Months traded from a high of £305 on the pre-market down to £303
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  • MONEY AND EXCHANGES
    • Article
      Singapore
      478 8 SINGAPORE'S local money market yesterday saw rates generally easing from Tuesday's closing of2o per cent. Opening at the seven per cent level, overnight money was traded up in the morning session to 10 per cent. Lenders were trying to take the rate beyond that level, but faced with borrower
      478 words
    • Article
      Minimum lending rates
      52 8 ACBC CH Firtt Chicago l 4 Algemene Bank Bangkok Bank 6*4 7 C 111 bank HSBC «V. Bank of America •H Indoauez 6*. 7 Bank of Tokyo 6'« Bank Negara OCBC «V, Indonesia 7 OL'B m Chartered Bank 6*-« UCB 7 Chaae Manhattan 6 *•< UMBC 7
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    • Article
      Asian $ rates
      160 8 Asian rates ASIAN currency deposit Interbank rates as at cloae on Sept In: 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths U8D»Ua Offer 8 5/16 8 l^B 1/1 -•3/4 7/8 15/18 .7 ■V9-*' 3/18 3/8 8 5/8 3/4 13/18 7/8 Sw. rrm. C has.
      160 words
    • Article
      Discount
      11 8 1 I.VMdWI.'J.!. KUffRMVP ■SjgggfgH ~TM Source: National Discount Co. Ltd.
      11 words
    • Article
      Euro $ rates
      141 8 Euro rates LONDON, Wed. Eurodollar deposit rates were adjusted slightly lower on the Friday dealing technicality In quiet trading, dealers said. One Month opened 3/8 point lower as this position is most affected by the Friday technicality while other period rates were generally 1/10 easier. Three Months opened around 1/10
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    • Article
      Frankfurt
      41 8 FRANKFURT exchanges opening quotes on Sept 21: US 2 3190/3200 Can 2 1835/55 UK 4 035/045 Netb 94 Ot/18 Bwlt* 98 01/11 Italy 2 621/631 France 47 03/13 Norw 42.36/34 Belf (com) 6 466/467 Belf (fin) 6.46/47 Japan 0 HMW
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    • Article
      Treasury bills
      38 8 THE Monetary Authority of Singapore invites banks and discount houses to tender a total of S3O million 91-day Treasury Mils to be issued from Bept 28 to 30 Each tender must not be less than *250,000.
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    • Article
      New York
      149 8 NEW YORK, Wed. The Swiss franc yesterday closed higher In active trading here, providing the main feature of an otherwise quiet session, dealers said. Helped by some commercial buying, the Swiss franc rose to 42.24/26 cents at the close from 42.10/12 cents In the morning, up from the
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    • Article
      London
      212 8 LONDON, Wed The Swiss franc gained against the dollar to 2.3635/45 In opening trading from an early lndlcaton of 2.3650/65 and 2.3685/95 overnight In nervous trading, dealers said. They said the Swiss National Bank seemed to be braking the unit's rise. The mark firmed In sympathy to 2.3194/3204 from
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    • Article
      Hongkong
      134 8 HONGKONG, Wea. Tne US dollar eased to DM 2.3200/10 from Its New York midpoint close of 2.3228 In fairly quiet, featureless trading, after opening lower at 2.3210/20 and falling to a low of 2.3192/97, dealers said. The US unit firmed slightly in quiet trading to 266.85/96 yen from its
      134 words
    • Article
      Tokyo
      119 8 TOKYO, Wed. The US dollar for overnight delivery closed at 266.93 yen, compared with a 266.85 opening and 266.95 at yesterday's close. After an Initial fall In line with overseas markets, the US currency recovered moderately on import covering, but dollar selling from Asian centres to buy yen later
      119 words
    • Article
      Zurich
      48 8 ZURICH exchanges closing quotes on Sept 20: US 2.3668-3695 UK 4.1252-1268 Can 2.2067-2079 W Germ 101.97-102 02 Neth 96 04-12 France 48 06-06 Bel( 6 61-W-82 Denm 38 36-38 Norw 43.14-16 Swed 48.82-84 Italy 0.2681-2683 Austria 1435-W-J3-* Port 5.64-86 Spain 2 80-1/2-81 Arg 0.52-62 Japan 0 8878-8885
      48 words
    • Article
      Australia/NZ
      61 8 AUSTRALIA/NZ exchanges on Sept 21: Australia. Sterling 0 6377 0.6307 US dollar 1 1072 1 1024 Ninety-day air mall buytng rates Sterling 0 6525 US dollar 1 132 ft Ninety-day forward buying rates Sterling 0.0318 U8 dollar 1 0056 New Zealand Sterling 0 5570 0 5539 US dollar 0.6747
      61 words
    • Article
      Eurobonds
      328 8 LONDON, Wed. Trading In Eurobonds was relatively quiet with some small price movements recorded, dealers said. Convertibles were quietly unchanged around Tuesday's closings while floating coupon notes showed rises of up to 1/8 where changed in relatively small two-way trading. Straight* Bid Ofhr Austria 8 V, 90 102* 103*
      328 words
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      Page 8 Advertisements Column 1
      145 8 Don't let the language barrier stop you from wider contacts eH <=>* y nN 1 <>*£&&< O* YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travel- I ling in fact anywhere and any time that suits you. Possess ing a second or third language is not only
      145 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon LUCRATIVE LLOYD'S
      655 9 FT LONDON, Wed. Membership of Lloyd's rose from 8,565 to 10,730 in 1978, and there are almost 4,000 trying to Join this year. Given that the latest profit figures from this institution of the Insurance world, published recently, showed a decline in the return on premium income from
      FT  -  655 words
    • Article
      Lock icon Defective cooling fans
      61 9 AFP TOKYO. Wed. Ford Motors yesterday informed the Ministry of International Trade and Industry that some new Ford cars were found to have defecitive engine-cooling fans and [they had to be replaced, a spokesman for the ministry said. The spokesman said that 571 defective cars sold in
      AFP  -  61 words
    • Article
      Air-cargo seminar to be held here
      110 9 AN air-cargo seminar will be held In Singapore at the end of this month to Introduce a computer-based air-cargo applications package from Unlvac to several major airlines here. Amongst the airlines attending will be Cathay Pacific, Japan Air Lines, Malaysian Airline System, Singapore Airlines,
      110 words
    • Article
      Lock icon Exports on the rise
      98 9 AFP TOKYO, Wed. Exports of Japan's "big-two" car makers Toyota and Nissan continued to advance smoothly In August while their domestic sales remained sluggish. Toyota reported a 7.6 per cent rise In Its exports last month over a year ago with 95,541 units, and Nissan was
      AFP  -  98 words
    • Article
      Lock icon UK bid for transport contract in Peru
      734 9 FT LIMA, Wed. A consortium of Metro Cammell, British Rail and London Transport has made a bid to provide Peru with a US$333 million (SSBIS million) package of transport equipment and technical assistance. The package Includes a rapid transit system for Lima, the
      FT  -  734 words
    • Article, Illustration
      IN PORT
      295 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Golden Sea 707 (Tanker) (1000 48 Horn (3EPQ) (0400) 40/41 Kamfal (H3qr) (1700) 25/26 King Lake (0600 22 Kota Gajah (0700 after Songkhla) 47 S Strathappln (1000 44 Telisal 1500 after Lumut) 21 East Toyvo Antlkaynen (2300 38/39 Waheng (0600) 13/14 PASIR PANJANG
      295 words
    • Article
      Lock icon Shipbuilders in Finland turn to floating plants
      465 9 OFNS HELSINKI, Wed. Faced with a disastrous decline In shipping orders, the Finnish shipbuilding industry has been looking for ways in which it can diversify and has come up with the novel idea of constructing amphibious factories. The principle is exactly the same
      OFNS  -  465 words
    • Article
      Lock icon Rent an air force
      425 9 UPI COLOMBO: The Sri Lanka air force, for a fee, will rent any of its transport helicopters or airplanes. So far as is known, it is the only national defence force of any country in the world which is for rent. Squadron leader Mark Senevlratne, who
      UPI  -  425 words
    • Article
      Travel firm sets up new division
      128 9 A NEW tourist luxury coach company Singapore Sightseeing has been formed. The new firm Is a division of World Express. Mr. Tan Chee Chye, managing director and chief executive officer of World Express said the new company has already committed $500,000 to buy three
      128 words
    • Article
      USL
      312 9 United States Lines (USL) was Incorporated In 1873 and now operates a fleet of 38 modern vessels Including 16 high-speed, highcapacity contalnershlps on Its trl-eontlnent service between Far East and South-east Asian ports, the West and east coasts of the US, Panama, Costa Rica and Europe. .USL Is a
      312 words
    • Article
      Lock icon China out to buy bulk carriers
      150 9 AFP LONDON, Wed. China Is again trying to buy bulk carriers, Lloyd's List reports. It bought at least seven of these vessels at the begin nlng of the summer in the world second-hand market, but then concentrated on 'tween-deckers, taking more than 20 of
      AFP  -  150 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      568 9 ARRIVALS IIWI Operator Number Time From CPA CX003 0145 HKG MAS MH682 0610 KCH CPA CX710 1000 HLP GIA OA 980 1030 HLP SLA SQ2U 1045 HLP GIA OA944 1055 PKU OIA OA 908 1100 MES PAL PR501 1115 MNL RBA BI32S 1155 BWN SIA SQ240 1210
      568 words
    • Article
      Lock icon Carter sets date for Concorde decision
      269 9 AFP WASHINGTON, Wed. President Jimmy Carter confirmed yesterday he will decide whether to extend firesent Washington andlng rights for the controversial Anglo-French Concorde supersonic airliner by next Saturday, when a 16-month trial period runs out. Mr. Carter met yesterday with a group of Senators
      AFP  -  269 words
    • Article
      Lock icon LONDON FREIGHT MARKET
      167 9 AP LONDON, Wed. Chartering still failed to regain momentum yesterday and considerably more enquiry will have to emerge before shipowners can expect any appreciable Improvement in rates. However, the US Gulf grain rate structure looked fairly encouraging when it was reported without confirmation that a prompt loader
      AP  -  167 words
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      137 9 INVESTMENT SEMINARS Presented by the five ASEAN governments Machine Asia, the region's first production engineering trade show with 400 exhibitors fr®m 20 countries is hosting a programme of high level seminars led at ministerial level by official delegations from all ASEAN countries. Subjects include: National industrial development plans; National investment
      137 words
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  • Article, Illustration
    Australia: How to be neighbourly
    1204 10  -  Australia's neighbours in Southeast Asia see it as a rich and privileged country. They feel Australia should do more to encourage their export programmes, and some people believe their demands will become increasingly strident. DAVID CONRAD reports. DAVID CONRAD CANBERRA: Australian Prime Minister Malcolm Fraser
    1,204 words
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    Lock icon Learn to speak Zulu the whole day long
    660 10 UPI NEW YORK: People from all walks of life troop dally to language classes all over the United States. And what are they learning? The chances are English. Sona Holman of the Berlitz Schools of Languages said it is the second most-studied
    UPI  -  660 words
  • Article
    Lock icon Labour relents over forced retirement
    1109 10  -  By A.H. RASKIN NYT NEW YORK: Organised labour has quietly shelved its opposition to moves in Congress to outlaw forced retirement based on age. The new hands-off stance of the American Federation of labour and Congress of Industrial Organisations breaks up the rare alliance it
    NYT  -  1,109 words
  • Article, Illustration
    Lock icon NATO SHAPES UP
    1108 10  -  By BARRY JAMES UPI BRUSSELS: Behind the current military buildup ol the North Atlantic Treaty Organisation lies concern about the credibility of the 15-natlon alliance. Despite their economic problems, most Western nations have agreed to boost defence spending substantially In the light of the Soviet Union's Increasing
    UPI  -  1,108 words
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      60 10 The stunning new bestseller from the author of JAWS mmr Mebßll *>"*.• ~'jjr X-&Wi, V •av >:; jjEPrsk, ue&iiCMfc 1 .■■■-.l'' 4 K 'J I?'' V"' r t^m Peter Benchley 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment' -DAILY TELEGRAPH 4 m Tor the second time -the book you
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  • Article
    Lock icon Australia to step up overseas borrowings
    325 11 Reuter CANBERRA. Wed. The Australian Oovernment will step up Its foreign borrowings to protect the Australian dollar's parity In the face of a speculative capital outflow and next year will borrow In Japan for the first time. Treasury officials said here. They said the
    Reuter  -  325 words
  • Article
    Lock icon Taxation and the Aussie firms
    199 11 AFP CANBERRA, Wed. Foreign exchange variations affecting loans for companies operating in Australia will affect taxation assessments for many companies as a result of a high court decision today. The High Court of Australia has decided unanimously: gains or losses on the repayment of certain
    AFP  -  199 words
  • Article
    Lock icon Slick hits HK fish farmers
    154 11 UPI HONGKONG. Thurs. Bunker oil escaping from the grounded container ship "Adrian Maersk" will cost Hongkong fish farmers several million dollars, a government spokesman said today. Some 16,000 kilos of fish are threatened by oil from the Danish vessel, which ran aground off Lamma island
    UPI  -  154 words
  • Article
    Lock icon A second round of Asean-EEC talks?
    134 11 Reuter MANILA, Wed. A second round of economic talks between Asean and the European Economic Community In Manila has been proposed by an official of the European Bank International Corporation (EBIC). EBIC chairman J.M.R. van Den Brink, in Manila in connection with the Inauguration
    Reuter  -  134 words
  • Article
    Lock icon Speculation on A$ mounts as reserves fall
    571 11 Reuter CANBERRA, Wed. Speculation on the value of the Australian dollar has intensified following revelations in Parliament of a further Aslol million (***** million) decline in gold and foreign exchange reserves and government insistence that it will borrow more rather than devalue. In
    Reuter  -  571 words
  • Article
    S'pore can take a leaf from US ports
    696 11 SINGAPORE can learn from the highly-developed marketing techniques of the US ports, Mr. Cheng Tong Seng, deputy director of general services at the Port of Singapore Authority (PSA), said yesterday at a press conference. He was commenting on the trade development programme
    696 words
  • Article
    Lock icon Marcos blueprint for development
    250 11 AFP MANILA, Wed. President Marcos today laid down a blueprint for economic development up to the year 2000 and voiced hope for the settlement of the Muslim rebellion by next year as the Philippines marked the fifth anniversary of martial law. In a nationally televised speech
    AFP  -  250 words
  • Article
    BRAVE FACES AT HK COTTON MART
    793 11 BACK in May, when Hongkong's new commodity exchange opened with a great fanfare, hopes in the colony were high. In spite of initial competition from competing South-east Asian cities, Hongkong trumped them all by organising the colony's first and the world's thlrdever cotton futures
    793 words
  • Article
    Lock icon Possible changes to futures contract
    219 11 Reuter LUBBOCK, Wed. President of the Hatgkong Exchange Ltd. &hn Wilson said changes in the cotton futures contract may be considered which would make it more attractive to those Interested In Texasstyle short-staple cotton. He told representatives of four US cotton marketing cooperatives one possible
    Reuter  -  219 words
  • Article
    Nutrimetics team for sales meet
    97 11 MR. BENJAMIN Tan, general manager of Nutrimetics, a local cosmetics firm, and six other sales executives of bis firm will attend a regional sales seminar in Hawaii from Sept. ZS to Oct. 8. About 350 sales executives from Australia, New Zealand, Singapore and Japan will,
    97 words
  • Article
    Lock icon Production index up
    66 11 Reuter BERNE. Wed. Switzerland's Industrial production index rose to 149 (base 1963) in the second quarter from 137 In the first and was six per cent above the same quarter last year, the Federal Office of Industry, Trade and Labour said. The index, which is not seasonally
    Reuter  -  66 words
  • Article
    Lock icon Escap chided for being a vast paper mill
    369 11 AP BANGKOK, Wed. Escap one of the United Nation's key agencies In Asia staged 52 conferences and seminars the past year, distributed more than 40 million pages of documents and dispatched Its experts afield from Afghanistan to Samoa to look Into shortages
    AP  -  369 words
  • Article
    Commodities lift KL trade surplus
    667 11 KUALA LUMPUR, Wed. Peninsular Malaysia recorded a trade surplus of M 5923 million for the first seven months of 1977, mainly on account of higher commodity prices, compared with a surplus of $771 million for the same period in 1976. Exports amounted to $6.4 billion,
    667 words
  • Article
    Lock icon Drop in June palm oil output
    265 11 Reuter KUALA LUMPUR, Wed. Peninsular Malaysian crude palm oil output dropped to 106,883 tonnes In June from 141,062 (revised) In May but was above the 94,488 (revised) in June 1976, preliminary Statistics Department figures show. Production for the first half of the year totalled
    Reuter  -  265 words
  • Article
    Exports off rubber drop
    82 11 EXPORTS of sheet and crepe rubber froftj Singapore and Peninsular Malaysia fell to 124,156 tonnes in May from 140,436 tn April and 137,675 In M*y 1976, Statistics Department figures show. Of the May exports (April In brackets), Britain took 7,055 tonnes (9,768) US 21,361 (28,633), West
    82 words
  • Article
    PARF: Registry clears the air on new ruling
    239 11 THE Registry of Vehicle* says that its recent ruling on the use of the preferential additional registration fee (PARF) for company cars is not limited to licensed finance companies. Last week, the ROV had said that one of the two conditions under
    239 words
  • Article
    CPA office here in link-up
    88 11 CATHAY Pacific Airway's Singapore office will be linked on-line with the airline's compact programmed airline reservations system (CPARS) from Oct 16 onwards. The CPARS was devised by Cathay Pacific as a sophisticated part of the airline's head-office backup for its reservations offices worldwide. This system
    88 words
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      218 11 APPOINTMENTS invites applications for the position of:— SALES EXECUTIVE The Sales Executive shall be part of our Marketing team responsible for securing ship repair and ship construction work for our Shipyard. Candidates should either have operations experience with Shipping Agents or Shipbuilding/Shiprepoir sales experience. Those without such experience but possess
      218 words
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    PROFITS TO COME FROM HOTEL OPS THIS TIME?
    832 12 WITH slightly more than a week to go before the end of its financial year, analysts are wondering if the latest results of Goodwood Park Hotel Ltd are going to show a break from their traditional reliance on dealing profits to prop
    832 words
  • Article
    Lock icon Foreign car sales a mere one pc
    233 12 UPI TOKYO, Wed. A total of 2,734,273 new cars, trucks and buses were registered In Japan during the first eight months of this year, and only 1.l per cent of them came from foreign countries, the Japan Automobile Manufacturer's Association reported today. Imported
    UPI  -  233 words
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    Lock icon EEC to meet textile suppliers on quotas
    321 12 AFP BRUSSELS, Wed. The foreign ministers of the European Economic Community gave the European Commission the green light last night to negotiate textile import quota agreements with the 25 leading countries supplying these products to the "nine". The task will cover the period
    AFP  -  321 words
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    Lock icon Experts report on common fund
    210 12 Reuter LONDON, Wed. An expert Commonwealth group has completed an examination of the main Issues Involved in the establishment of an International common fund to help stabilise raw material prices, the Commonwealth Secretariat here said. The nine-member group's report is being sent to Commonwealth heads
    Reuter  -  210 words
  • Article
    Chinese trade mission
    98 12 A FIVE-MEMBER trade delegation from China will arrive in Singapore this afternoon for a week-long official visit at the invitation of the Singapore government. The leader of the delegation will be Mr Hsl Yehsheng, director of the Asian Department of the Chinese Ministry of Foreign Trade. Other
    98 words
  • Article
    LONDON STOCKS
    754 12 LONDON, Wed. Oovernment stocks firmed in afternoon trading to close at the day's highs while Industrials were mixed, dealers said. Long-dated government loans recorded gains of up to 3/4 point In small but persistent buying Interest while shorts were around 1/8 higher. Leading equities were a few pence
    754 words
  • Article
    A busy schedule for minister on 2-day visit
    264 12 THE Canadian Transport Minister, Mr. Otto Lang, arrived in Singapore last night from Sydney for a twoday official visit as part of his tour of the Western Pacific. During his stay, he will hold talks with the Senior Minister of State for
    264 words
  • Article
    Double tax deduction conditions
    191 12 THE Government has taken a further step in promoting export industries by giving participants in the Singapore Fair *77 double tax deductions for their expenses incurred for the fair. Announcing this decision yesterday, Mr. Michael Yeo, chairman of the Singapore Manufacturers' Association, said this follows an
    191 words
  • Article
    Firm caps opening by winning $1m contract
    670 12 DEBEG GmbH, a German company specialising in marine electronics yesterday celebrated the opening of Its wholly-owned servicing subsidiary in Singapore with the announcement of its securing a million dollar contract for communications equipment from a ♦ocal shipyard. At a press conference, Mr Edgar
    670 words
  • Article
    Lock icon Unions attack conduct code
    112 12 AP BRUSSELS, Wed. Western trade unions voiced dissatisfaction today over the code of conduct for business in South Africa adopted yesterday by the member governments In the European Common Market and said it represents "endorsement with enforcement." The criticism of the code designed to improve wages
    AP  -  112 words
  • Article
    Third expansion by ASEA in S'pore
    418 12 ASEA Singapore will officially open Its new $4 million plant In Jurong on Oct 28. The plant has been operational since May this year and is the third expansion by the electrical company since its establishment here In 1971. Asea, which manufactures switchgear and
    418 words
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    Lock icon Furniture makers to upgrade quality
    160 12 AFP HONGKONG, Wed. Local furniture manufacturers intend to improve their quality to compete with Scandinavian firoducts. It was learned rom Industry sources today. The provisional committee of Hongkong's first confederation of furniture manufacturers has proposed some measures which will be effected as soon as the
    AFP  -  160 words
  • Article
    SocGen floating rate note invites out
    264 12 INVITATIONAL telexes are being sent to corporate treasurers and other institutions flush with funds to subscribe to a US$6O million (SJI46 million) floating rate note from Soclete Generate, the eighth largest bank In the world. The invitations are being handled by the Development Bank
    264 words
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    Lock icon US plan to boost exports to Japan
    127 12 Reuter TOKYO, Wed. The United States has proposed that Japan adopt a series of measures to Increase American Imports and reduce the trade Imbalance between the two countries, government officials said here today. They said the United States proposals, relayed by the embassy
    Reuter  -  127 words
  • Article
    Lock icon COCOA PRICE HIKE
    158 12 AFP LONDON, Wed. The International Cocoa Organisation has approved a compromise raising the range of prices in the world cocoa market to help stabilise prices. As from Oct 1, the range will be 65 to 81 US cents (551.59 to $2.08) per pound as against 39 to
    AFP  -  158 words
  • Article
    SWEDISH FIRM TO HELP FIGHT POLLUTION HERE
    271 12 GADELIUS, a subsidiary of the Swedish Flakt Group involved In pollution control equipment and systems, is all set to go into this field in Singapore with Its new $1 million facility in Lokyang, Jurong. The company will hold a one-day seminar today at
    271 words
  • Article
    Supermart sale finds no takers
    135 12 BIDDING at an auction sale yesterday for a supermarket at Tagore Avenue went as high as $1.2 million but this was still too low for the vendors and it remained unsold. The property. No. 10 Tagore Avenue, comprises a supermarket, including offices in a two-storey
    135 words
  • Article
    COFFEE RATES PLUNGE
    83 12 LONDON, Wed. Coffee rates plunged here today on a report that Colombia has again cut Its minimum export price. On the forward market, the rate fell about 7.5 per cent as dealers learned unofficially that the minimum Colombian price fell from US$224 to $214 (***** to $523)
    83 words
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      82 12 The 565 is the smolest in the gent s orstyie range Smol enough to carry as hond luggoge No-time wosong ot airport checkouts. Saves you time ot the airport Dig enough to fit your jocket/suit. 3 poirs of shirts and pants and other necessities, smortty. Ideal for business executives 6
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      175 12 s SOLON INTERNATIONAL is pleased to announce, for professional computer personnel, further courses in it's EDP training programme, to be presented in association with the NATIONAL COMPUTING CENTRE of UK SINGAPORE 17 —21 October Data Centre Management 24 —28 October Systems Programming Management 31 I November Standards Appreciation KUALA LUMPUR
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