The Business Times, 5 October 1977

Microfilm: NL9453
Total Pages: 12
1 12 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, OCTOBER 5, 1927 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon China 'games'
      85 1 AFP. HONGKONG, Tues. A vigorous socialist emulation drive is now going on among industrial enterprises across China, New China News Agency (NCNA) reported today. Twentyseven of China's 29 provinces, municipalities and autonomous regions on the mainland are paired off for competition in one way or another in this
      AFP.  -  85 words
    • Article
      Lock icon Gammon wins contract
      63 1 AFP. HONGKONG, Tues. The Hongkong Land Company Ltd. has awarded a HKS3I.S million (5515.7 million) contract to Gammon (Hongkong) Ltd., for the substructure of Gloucester Tower, a highrlse building forming Phase Two of the group's city centre redevelopment project. The Hongkong Land spokesman said the main contract
      AFP.  -  63 words
    • Article
      Lock icon Tokyo jolted
      31 1 AFP TOKYO, Wed. Three earthquakes Jolted Tokyo and Its vicinity In one hour after midnight today briefly stopping long-haul night trains. But no casualties or damage were reported, AFP
      AFP  -  31 words
    • Article
      Lock icon Container backlog
      57 1 Reuter. KUALA LUMPUR, Tues. At least 2,000 empty containers are still clogging Port Klang despite efforts by the port authority to clear them, shippers said today. They said the backlog of containers couid be due to the Authority concentrating on clearance of fully loaded containers arriving with imports
      Reuter.  -  57 words
    • Article
      Lock icon Release challenged
      75 1 AFP. NEW DELHI, Tues. The Indian government today filed a writ petition at the Delhi High Court challenging the release of former Prime Minister Indira Gandhi from police custody by metropolitan magistrate R. Dayal. A spokesman for the Central Bureau of Investigation (CBI) said investigation in two cases
      AFP.  -  75 words
    • Article
      Lock icon Salt: Carter willing
      85 1 AP. UNITED NATIONS, Tues. President Carter today reported that the United States and the Soviet Union are "within sight of a significant agreement" to limit strategic weapons. In his text for an address to the UN General Assembly, Mr. Carter also looked beyond a new Salt accord
      AP.  -  85 words
    • Article
      Lock icon Dow Jones
      71 1 UPI NEW YORK, Tues. Stocks, nursing a threeday rally, headed higher early today as Investors hailed a brightening economic picture. Trading was active. The Dow Jones Industrial average, which rose 4.85 points yesterday was ahead 1.99 points to 853.95 shortly before 11 a.m. The closely watched average has
      UPI  -  71 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      174 1 SENTIMENT remained generally weak in quiet and selective trading on the Stock Exchange of Singapore yesterday. Trading was characterised by the disparity between bid and offer prices, especially among the volatile stocks. The Business Times index closed 0.85 point lower to 412.86 while the Straits Times Industrial
      174 words
    • Article
      In Kuala Lumpur
      110 1 Foils Most active Pac Dev. Bousteadco 2.57 1.52 -.11 -.08 Olympla O. Ceramics 324.000 95,000 K. Sldlm C. Sugars 4.52 2.02 -.08 -.07 M. Weaving C. Securities 28,000 105.000 M. Weaving Rahman Hy 1.03 3.78 -.08 -.08 Total Turnover: 2.38 M Consol Pit. 4.22 -08 'Total Value:
      110 words
  • Article
    The aerospace industry grows
    1232 1  -  SET-UP OF COPTER REPAIR FIRM By RONNIE LIM THE signing of the official agreement for the set-up of SAMAERO Co. Pte. Ltd. five days ago. marks the Government's latest attempt to speed up the growth of Singapore's aerospace Industry. The Government through SAMCO (Singapore Aerospace Maintenance
    1,232 words
  • Article
    Need to harmonise industrial plans
    927 1 ASEAN member countries have yet to harmonise their own national industrialisation plans with those of Asean as a regional group. It Is also feared that they may not be willing to choose Industries that will not lead to head-on competition with industrial countries, particularly Japan.
    927 words
  • Article
    Lock icon POLAND SHIP ORDER
    74 1 ATP. BRIGHTON, Tues. Prime Minister James Callaghan told the Labour Party congress here today that Britain was about to secure a major shipbuilding order from Poland. The contract, for 24 vessels, would be signed by the end of this month, Mr Callaghan said. The price was unofficially
    ATP.  -  74 words
  • Article
    Yen continues to gain strength
    195 1 THE Japanese yen yesterday rose to 281 yen to the US dollar In the Tolyro foreign exchange market, the level reached since July 1973. But the Bank of Japan, In the midst of heavy buying both in the domestic and overseas markets, intervened and prevented
    195 words
  • Article
    Lock icon Run on Aussie $: Fraser blames the opposition
    274 1 Run on Aussie Fraser blames the opposition Reuter. CANBERRA, Tues. Prime Minister Malcolm Fraaer'i governing coalition used its powerful parliamentary majority today to censure the Labour opposition's senior economic spokesman for allegedly encouraging a run on the Australian dollar. It then gagged debate in the House of Representatives (Lower House)
    Reuter.  -  274 words
  • Article
    Lock icon Callaghan to unions — 'back us or sack us'
    520 1 Callaghan to unions 'back us or sack us' UPI Reuter. BRIGHTON, Tues. Prime Minister James Callaghan today served notice on unions and employers alike that they must keep pay hikes this year within the 10 per cent antl-lnfla-tlon limit set by his Government. "I say to all on both sides
    UPI; Reuter.  -  520 words
  • Article
    UK reserves soar
    60 1 LONDON Tues. Britain's gold and foreign currency reserves soared by U552.32 billion (555.66 billion) last month to a record total of $17.17 billion. The Treasury figures an- nounced today follow a recent strengthening of sterling to an exchange rate of around $1.75 and a boom In the
    60 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      56 1 {':[",}<&/),\|-,_^_),!_=~?./;)\ canon Canola PlOll-D 10 Digit Printer W%TS\ Display with memory Sole Afents: GUTHRIE TRADING Tel *****5/*****5 SEE BACK PAGE Overseas Newt/ TV Radio P2 Ovencu New*/ Crosswords P3 Local Co. News P4 International Co News— P5 Local Stocks PC Overseas Stocks PT Commodities PS Transport ft Communications Pt Features
      56 words
    • Advertisement
      Page 1 Advertisements Column 2
      81 1 SONY VIDEO SYSTEM Trust Sony lor your video TIAOfIG With customary vision and foresight Sony pioneered video equipment. Today, Sony is one of the world's foremost manufacturers of integrated video equipment. Research and experiments are continuously carried out to bring you the most advanced and sophisticated video components, mjijwg SONY"
      81 words
    • Advertisement
      Page 1 Advertisements Column 3
      218 1 $~+;=$:~<@,].}]%;^!_%)@^{"_{~%^ nation PlOll-D 10 Digit Printer Dis P'ay with memory Sole Aftnts: GUTHRIE TRADING Tel *****5/*****5 ![\]_\!)?-<~%|*!+++[*_=\\~;|"]] I The Editor 4C a robust. yet very elegant, machine. The heavy-duty Editor 4C is built for continuous use This is a, very tough, fast typewriter that is easy and reliable to operate.
      218 words
Page thumbnail Page 2
  • OVERSEAS
    • Article
      Lock icon Carter makes no move yet on meat import law
      368 2 AP WASHINGTON, Tues. The Carter Administration has not yet decided to ask Congress for a change In a 1964 meat import law, a move recommended by cattle producers to protect them from foreign meat being dumped on the market when prices
      AP  -  368 words
    • Article
      Lock icon Meet on hazards of asbestos
      125 2 AFP JOHANNESBURG, Tues. An International symposium on the health hazards of handling asbestos opened here yesterday attended by 60 experts from 12 countries. South Africa, the world's third-largest producer of asbestos after the Soviet Union and Canada, Invited delegates from the United States, France, Austria,
      AFP  -  125 words
    • Article
      Lock icon More jobs
      41 2 Reuter. NUREMBERG, Tues. West German unemployment fell to 911,239 last month from 963,468 in August, with the percentage of the labour force out of work dropping to 4 per eent from 4.3 per cent. The Federal Labour Office said.
      Reuter.  -  41 words
    • Article
      Lock icon Labour law reform bill up for debate
      1028 2 FIERCE LOBBYING AHEAD NYT. WASHINGTON, Tues. While the attention on Capitol Hill this week Is focussed on the Senate filibuster over the energy package, the House begins debate on what organised labour views as its most important piece of legislation this year. Labour
      NYT.  -  1,028 words
    • Article
      Lock icon Soviets may modify grain pact with US
      563 2 AP WASHINGTON, Tues. A delegation of Soviet trade officials is scheduled to meet here this week on the five-year agreement under which Russia Is supposed to buy annual quantities of US grain. But US. Agriculture Department (USDA) sources say the meeting, scheduled to
      AP  -  563 words
    • Article
      Lock icon Guaging the impact of Russian raw materials
      404 2 NYT. NEW YORK, Tues. One of the most Important and least known factors In International trade for the next 12 years Is the extent to which the Soviet Union will become a major exporter of raw materials. A study of potential Soviet trade
      NYT.  -  404 words
    • Article
      Lock icon Laid-off Zenith workers in protest march
      156 2 Reuter CHICAGO, Tues. Some 200 workeri recently laid off by Zenith Radio Corp yesterday demonstrated peacefully in the city centre here to protect against losses of American jobs due to competition from imports. The 200 were joined by their families and friends in a
      Reuter  -  156 words
    • Article
      Lock icon Accusations against Tongsun
      97 2 Reuter. WASHINGTON, Tues. Korean businessman Tongsun Park and three others have been accused of violating anti-fraud provisions of US securities laws in connection with their ownership of a Washington bank, the Securities and Exchange Commission said. As a result, Tongsun and two other defendants have been prohibited
      Reuter.  -  97 words
    • Article
      Lock icon FBI probes mystery diamond thefts
      473 2 NYT. NEW YORK, Tues. More than US$3 million (557.32 million) In gems have been stolen or have vanished mysteriously from the diamond district here In the last six months, the Federal Bureau of Investigation has disclosed. An FBI spokesman said the Bureau was actively Investigating
      NYT.  -  473 words
    • Article
      Lock icon Walkout at Boeing may hit output
      386 2 UPI SEATTLE, Tues. Nearly 24,000 members of the International Association of Machinists and Aerospace Workers went on strike against the giant Boeing Co. early today and the union's chief negotiator predicted the walkout would halt production on Boeing's Jetliners. Wages were the central Issue
      UPI  -  386 words
    • Article
      Lock icon EEC acts against steel producers
      133 2 Reuter. BRUSSELS, Tues. The EEC Commission has started proceedings against a number of EEC steel producers for not respecting the system of minimum prices applied to concrete reinforcing rods, EEC officials said. The officials said about 45 spot checks were made throughout the EEC to
      Reuter.  -  133 words
    • Article
      Lock icon Antarctic exploitation will take time
      131 2 AFP LONDON, Tues. It will take 15 to 25 years before exploitation can start on possible oil, natural gas or mineral reserves In the Antarctlc region, the chairman of the consultative conference on the area said yesterday. Mr. George Hall of Britain, who chairs the
      AFP  -  131 words
    • Article
      Lock icon Flood of Far East textiles into Swiss market
      285 3 Reuter. ZURICH, Tues. The Swiss textiles Industry said growing protectionism by other Western European countries appears to be causing an Influx of textile goods from the Far East into the Swiss market. In a press statement, the Textile Industry Association said Swiss
      Reuter.  -  285 words
    • Article
      Lock icon IMF holds SDR interest rate steady
      212 3 Reuter. WASHINGTON, Tues. The International Monetary Fund said It has left unchanged at 3.5 per cent the rate of remuneration on the super gold tranche. At the same time, both the rate of interest and charges on the Special Drawing Right (SDR) will also
      Reuter.  -  212 words
    • Article
      Lock icon Finding against Japanese steel welcomed
      699 3 IMPROPER MARKETING UPI AFP WASHINGTON, Tues. A "tentative" Treasury Department finding that Japanese steelmakers have been Improperly marketing their products In the United States was welcomed by both the nation's steel Industry and the United Steel workers Union. Industry and union spokesmen said they saw
      UPI; AFP  -  699 words
    • Article
      Lock icon Cuban claims for losses inflicted by embargo
      342 3 UPI. WASHINGTON, Tues. Cuba's Trade Minister said yesterday Cuban claims for compensation for losses through the Bay of Pigs Invasion and a 17-year trade embargo more than match the US$l.B billion (554.4 billion) the United States Is asking for appropriation of its property.
      UPI.  -  342 words
    • Article
      Lock icon High yields at Treasury bill auction
      382 3 Reuter WASHINGTON, Tues. Yields rose to the highest levels in two years at yesterday's regular weekly auction of three and six month Treasury bills. The yield on the threemonth bill Jumped to 6.108 per cent from 5.982 per cent the previous week and was
      Reuter  -  382 words
    • Article
      Lock icon North Sea output
      47 3 Reuter LONDON, Tues. Dally {traduction of crude oil from he UK sector of the North Sea averaged 821,293 barrels In August against 767,947 In July, the Energy Department said. Production for the month totalled 3.39 million tonnes compared with 3.17 million In July. Reuter
      Reuter  -  47 words
    • Article
      Lock icon A livelihood for many on expense accounts
      796 3 NYT NEW YORK, Tues. Business and pleasure don't mix the old folks used to say; which proves once again that the old folks never did understand the Income-tax law. Thanks to that bizarre document, business and pleasure have been mixing happily for so
      NYT  -  796 words
    • Article, Illustration
      Lock icon Barriers work against all in final analysis
      296 3 AFP. NEW YORK, Tues. Philippine Finance Secretary Cesar Virata (above) strongly criticised all "discriminatory and protectionist policies that only hinder the achivement of the goals of all the countries concerned" in a speech here yesterday. Bpes king to the Far EastAmerica Council, Mr.
      AFP.  -  296 words
    • Article
      Lock icon Swiss bank's reserves rise
      111 3 Reuter. ZURICH, Tues. The Swiss National Bank said Its foreign currency holdings rose 2.27 billion francs (552.36 billion) to 14.75 billion In the last week of September. The bank said that the increase was due to an excess of exchange market intervention over dollar sales In
      Reuter.  -  111 words
    • Article
      Lock icon Farm exports touch a record level
      864 3 NYT WASHINGTON, Tues. Almost obscured In the US foreign-trade picture this year has been another outstanding performance by American agricultural exports. In the fiscal year ended last Friday, the value of its shipments of farm products to markets abroad reached a record level. The
      NYT  -  864 words
    • Article
      Lock icon Income ahead of inflation
      228 3 Reuter WASHINGTON, Tues. The income of American families outstripped Inflation last year for the first time since 1973, the government reported yesterday. At the same time, the number of people actually below the poverty line fell significantly for the first time In two years. The Commerce
      Reuter  -  228 words
    • Article
      Investment forecast
      53 3 LONDON. Tues. UK manufacturing Industry expects 1977 Investment to rise by 7 per cent over 1976, against an earlier forecast 8 per cent increase, the Industry Department said. The latest Industry Department survey shows investment will total £1.77 billion (517.54 billion), at 1970 prices, In 1977 against £1.66
      53 words
    • Article
      Lock icon OPEC FUND MAKES $49m GRANT
      89 3 AFP. NEW YORK, Tues. The special fund of the Organisation of Petroleum Exporting Countries (Opec) yesterday made a US$2O million ($49 million) grant to the UN Development Programme (UNDP). It was 'the first contribution made by the Opec special fund for development assistance. An agreement
      AFP.  -  89 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      33 2 Peter Benchley Wm. -m 'Better than JAWS... ever escalating shocks' -TIME bracking entertainment* -DAILY TELEGRAPH READ THE BOOK SEE THE FILM Tor the second time -the book you cant put down -DULY MAIL
      33 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      31 2 Do NOU ThinlK SHRKe.Sffe.RRe bJBS OPS£-T u)H£ig TH£>| ftVJtJGO WIS FttfST VtXJSC JOORMPM" 5 OR Gec*Ge sefcNwzo SHRVO' OR TCXST&y? OR. GPVLStOORTHV oc DOOM'S [OR. KiHGSLfeN Rrn\S ?OR HPWfrv>JD iNH£S 0
      31 words
    • Miscellaneous
      Page 2 Miscellaneous Column 2
      51 2 THE WEATHER WEATHER report for 24 hour* prior to 7.30 p.m. on Oct. 4 at Singapore airport. Maximum Temperature 30.8° C Associated Humidity 00 Minimum Temperature .23.9° C Associated Humidity 98 Hours of Sunshine .7.05 Rainfall in Millimeters 0.7 Rainfali for the Month 11.8 Total Rainy Days for the Month
      51 words
    • Miscellaneous
      Page 2 Miscellaneous Column 3
      259 2 RADIO SINGAPORE 5 3.00 PM Opening announcements followed by Serbanika (MalayRepeal) 3.30 Diary of Events (Malay) 3.35 Wild, Wild World of Animals Monkeys of India (Repeat) 4.00 Stars in Action The Letter 4.25 Intermission 6.00 Opening announcements followed by Electric Company 6.30 News in Brief 6.35 Last of the Wild
      259 words
Page thumbnail Page 3
Page thumbnail Page 4
  • COMPANY NEWS
    • Article
      Ericsson is ready for computerised phone systems
      367 4 KUALA LUMPUR, Tuts. Ericsson Telecommunications (M) Sdn. Bhd., formerly known as Telecommunication Manufacturers, Is prepared to enter Into production of the new computerised stored programme control (SPC) telephone exchange systems. These preparations take the form of a diversification into making mobile radio telephones
      367 words
    • Article
      Tasek Cement reaps impressive earnings
      274 4 WITH ITS new integrated cement plant in full production, Tasek Cement has chalked up an impressive increase in earnings for the year ended June 30, 1977. Pre-tax profit rose about 63 per cent to M 515.05 million. Depreciation accounted for $5.93 million, up from $3.24
      274 words
    • Article, Illustration
      HUME STUDIES OVERSEAS OPERATIONS
      1309 4 HUME INDUSTRIES (Far East) Is currently Investigating the possibility of setting up manufacturing operations overseas in a move to overcome escalating freight cost, intense competition and the Increasing protectionists policies of the industrialised West. This Is especially true of Its Singapore operations, which rely heavily on
      1,309 words
    • Article
      CHICAGO BOARD OPTIONS
      1203 4 On Oct 3 TRADING In options on the Chicago Board Options Exchange came to 89,012 contracts compared with 99,202 contracts on Friday. OPTION OCT JAN APL STOCK Alcoa 40 NOL 57/6 UNTRD 447/1 Alcoa 45 15/10 2 3/1 31/1 447/1 Alcoa SO 1/10 11/16 11/1 447/6 Alcoa
      1,203 words
    • Article
      Supreme Corp calls it a day in mining
      324 4 SUPREME Corporation, formerly Sungel Way Dredging, has come to the end of Its mining operations. After some 50 years In the Industry, the company has sent a letter to the Kuala Lumpur Stock Exchange advising that Its only dredge, No. 3, has
      324 words
    • COMPANY MEETINGS
    • Article
      DIVIDENDS ANNOUNCED
      507 4 o urrent Ex Date Total for Total far pa lyment Dale payable the year previous year N.B. Timber* 9.5% Sept 6 Oct 4 18% 15.4%a Apollo SHI Sept 9 Oct 4 5%I 5% Tronoh Mines 30%(I) Sept 6 Oct 4 30%(I) 39.5% G.E. Life 11% Sept 26 Oct
      507 words
    • Article
      Malakoff makes a giant leap in profit
      341 4 PROFITS LITERALLY rose by leaps and bounds at Malakoff Bhd., the Malaysianlsed company of the UKbased Malakoff Rubber Estate, In 1976/77. Following the steep 108 per cent upsurge In the second half of 1976, pre-tax profit bounced some 351 per cent up to
      341 words
    • Article
      Sea View Hotel gets $1m loan
      271 4 SEA VIEW Hotel Is getting itself deeper in debt. It has Just obtained loan facilities for an additional $1 million from Oversea-Chi-nese Banking Corporation by further charge of the company's property and assets. The new loan will go to finance the completion of the
      271 words
    • Article
      Kuwait bank quits at last minute
      162 4 DUESSELDORF, Tues. The Kuwait Foreign Trading, Contracting and Investment Co has left the management group of the 150 million mark Eurobond Issue for Brazil's Petrobras, a spokesman for lead manager Westdeutschelandes Bank Olrozentrale said. Banking sources said the Kuwaiti bank left the management group
      162 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      229 4 THEHAMLYN PICTORIAL ATLAS OF THE WORLD A modern and comprehensive atlas has become indispensable both to students of geography and to general readers who want to understand the new economic and political shape of the world. Here, for the first time, a concise fascinating and authoritative text, illustrated with striking
      229 words
Page thumbnail Page 5
  • INTERNATIONAL COMPANY NEWS
    • Article
      Crisis averted as head of Italcasse steps down
      748 5 EUROPEAN COMPANIES RCME, Tues. A major political storm was being averted here by the decision of Mr. Giuseppe Arcalnl, 76, to resign as director general of Italcasse, the central Institute of Italian savings banks. Although Mr. Arcalnl, also chairman of the Italian
      748 words
    • Article
      Lock icon TRW's third quarter will be better
      193 5 NORTH AMERICAN COMPANIES Reuter TRW INC expects 1977 third quarter and year results to exceed year-ago levels as a result of the strong performance by all its operating groups, president and chief operating officer, Mr. Ruben Mettler, said In an Interview. In the 1076
      Reuter  -  193 words
    • Article
      Lock icon Proposals to make insider trading a criminal offence
      714 5 FT LONDON, Tues. Provisions for making Insider share dealing a criminal offence are the centrepiece of detailed proposals for the reform of company law which are now taking shape and are likely to be Introduced In the next session of Parliament. Insider
      FT  -  714 words
    • Article
      Lock icon Option extension agreed on
      117 5 Reuter. ASHLAND Oil and Commonwealth Oil Refining have agreed on a 30-day extension of the deadline for Ashland to exercise Its option to buy US$5O million of convertible preferred stock from Corco. Ashland said It will exercise its option once certain Issues are resolved. These issues
      Reuter.  -  117 words
    • Article
      Lock icon Strikes close two Pullman plants
      97 5 Reuter PULLMAN Standard, a division of Pullman Inc, said Its Chicago rapid transit car plant and Hammond, Indiana, freight and passenger car plant are closed by a United Steelworkers of America strike. Union members went on strike after midnight last Saturday when their threeyear contract
      Reuter  -  97 words
    • Article
      Lock icon Burroughs
      27 5 Reuter BURROUGHS Corp said directors raised the regular quarterly to US2S cents from 20 cents, payable on Nov 7, to shareholders registered by Oct 7. Reuter
      Reuter  -  27 words
    • Article
      Lock icon Arco pulls out of venture with Dupont
      171 5 Reuter DUPONT said It had been Informed that Atlantic Richfield has decided to withdraw from Centennial, Hydrocarbos Co, a partnership formed by the two companies In June, 1076, to bulla an organic chemical production plant. Dupont said the two companies will end Centennial's
      Reuter  -  171 words
    • Article
      Lock icon Asset sale completed
      83 5 Reuter CALIFORNIA Financial Corp said it completed the previously announced sale of all but one of its assets to Sears Roebuck's subsidiary, Allstate Savings and Loan Association, for about U5563.6 million or $10.01 a share. California Financial said Monday was the last day of trading in its
      Reuter  -  83 words
    • Article
      Lock icon Thai Melon row may affect future French investments
      250 5 ASIAN COMPANIES AFP. BANGKOK. Tues. Thai Melon Polyester, one of the biggest French Investments In South-east Asia at US$BO million, is experiencing a crisis which could affect the future of French investments In Thailand. The company is owned jointly by Rhone Poulenc,
      AFP.  -  250 words
    • Article
      Call us Nippon Credit Bank
      166 5 TOKYO, Tues. The Nippon Fudosan Bank changed Its name to The Nippon Credit Bank from Oct 1. The new name, the bank explains, will provide a more accurate reflection of the bank's primary business and to make the nature of its business more readily identifiable
      166 words
    • Article
      Indosuez Asia is profitable
      131 5 HONGKONG, Tues In Its first six months of operations, Indosuez Asia, the merchant banking subsldlary of Banque de L'lndochine et de Suez, earned an after-tax profit of HK5503,262. The managing director of the merchant bank, Mr. Charles Reybet-Degat, said that at the end of June this
      131 words
    • Article
      Lock icon AAR buys remaining stake in Minad
      169 5 Reuter MELBOURNE, Tues. Australian Associated Resources said It purchased for A 5400,000 cash the outstanding 15 per cent stake in Mines Administration Pty (Minad) from lOL Petroleum, effective on July l.« The purchase makes Minad a wholly-owned unit. AAR said Minad Is its operating
      Reuter  -  169 words
    • Article
      Credito Italiano sees fall in deposits, loans
      615 5 ROME, Tues. Credito Italiano, one of Italy's top five commercial banks and part of the IRI state holding group, has reported a profit of 9.7 billion lira or about £6.5 million for the first half of the year against roughly break even during
      615 words
    • Article
      Lock icon Law must be changed to prevent another 'Chiasso'
      255 5 Reuter VADUZ (Liechtenstein). Tues. Liechtenstein will have to change Its company law to make It more effective against misuse of local companies, the head of government, Mr. Walter Kleber, told Parliament. Mr. Kleber, who was replying to questions arising out of the
      Reuter  -  255 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      133 5 You mean, for the December '77 issue of The Craft of Sound? Yep. Will it be another gala edition like the launch number celebrating 100 years of recorded sound? 52 1 Si 1 m tit f&r?atva Special features on installing sound equipment in the car and how the soundtracks of
      133 words
Page thumbnail Page 6
  • Article
    Share Information Service
    2323 6 Gr'» Gr's Net 1J77 Lact div Div y'ld P/E Vol Day High Low Company Sale +or- c'rr (••00) High Low SECTION ONE INDUSTRIALS 134 135 Acma 136 +1 12.ON 1.8 8.8 6.3 2 137 136 204 172 Alcorn 172 10.0 0.5 5.8 27.7 116 58 Allied Choc
    2,323 words
  • Article
    Transactions in Singapore
    1326 6 BID and offer prices officially listed bu y n f" to «><l imported to the iSSfv 01 B p° re r~ llerdar with the Dumber of shares U»£d shown l«v brackets in lots of 1 OOOunlts unless otherwise specified All Time Settlement Contracts are quoted after the
    1,326 words
  • Article
    In Kuala Lumpur
    1448 6 BID and offer price* officially luted and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Ajinomats (2.00B). AlMm (X.708 1.788). A. Choc (0.978 1.038). A.M.O. (0.58B)
    1,448 words
  • Article
    Stock options
    59 6 STRIKING prices of the stock option* 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. C and C (Dec $1.90) (0.405). Inchcape (Dec $2.40) (0.12B). Slnve Darby (Dec $3.40) (0.108
    59 words
  • Article
    Unit trusts
    151 6 SINGAPORE UNIT TRUST INCOME BOND UNIT 1.Mutagen' pno m for Oct 5) (Correal pr ■iCMI The Commerce.... 1.71 1.81 INCOME BOND 1.08 1.14 The Saving Fund 1.03 100 S pore Prog Fund 0.81 OMxd MARA BUMIPUTRA FUND S pore Security (Mutfm' pricaa for Oct S) Fund 1.54 1.83
    151 words
  • Article
    CORPORATE BONDS
    147 6 B O T 8 1/2% 1981 (100,000) (103VkB 103V«S) B O T 7 5/8% 1984 (100,000) <98%8 99HS) L T C B J 1982 (100.000) (98V,8 90S) Credit Lyotmaii Floating 1983 (100,000) (98 l *B 98''iS) DBS Coaverta 6 1/2% 1991 (100,000) (96*8 97".5) D B S 8
    147 words
  • Article
    GOVERNMENT BONDS
    150 6 Rep Spore D Mark 7% 1982 (100,000) (100%8 101HS) Rep Spore 6 1/2% 1983 (100,000) (99 7 %8 100SS) Rep Spore 7 V 4% 1987 (100,000) (100*B 100*8) 5 1/2% 1/12/77 (250,000) (100.258 100.40S) 5% T F 1/3/78 (250,000) (101,25 a 101-HSS* 5 1/2% 1/4/78 (250,000) (100.908 101.10S)
    150 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      176 6 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who
      176 words
Page thumbnail Page 7
  • Article, Illustration
    SENTIMENT STILL WEAK
    641 7 SENTIMENT can tinned to rule weak in very quiet and •elective trading at the Stock Exckange of Singapore yesterday. Throughout tke day genuine investment support was seriously lacking. Where bids wore posted, they were generally too low to attract sellers. In comparison, losses among blue chips were
    641 words
  • Article
    DULL AND LACKLUSTRE
    355 7 SHARES finished a shade easier on the Kuala Lumpur Stock Exchange yesterday in dull and lacklustre trading conditions. Both investment and speculative interest remained generally on the low level, although some Interest was seen In a couple of third liners which attracted fairly heavy deals to close
    355 words
  • INTERNATIONAL STOCK MARKETS
    • Article
      Hongkong
      344 7 HONOKONO: The market closed firmer In falrty active trading on Tuesday, In one with oversea! markets and shsad of the Jardlne and Hongkong Land results expected soon, dealers mkl. The Hang Seng index was up 5.30 points to close at 425.40. Mutlisran 10each to 18.00 and 2.575 respectively. Heagkeag
      344 words
    • Article
      Tokyo
      492 7 TOKYO: Share prices closed sharDlv lower on Tuesday, following the yen's rise against the dollar, dealers said. The Dow Jones average fell 39.17 to close at 5,223.09 with volume 250 million shares. The New Index closed at 380.72, down 2.27. Export orientated electrical* fell across the board, with Sony
      492 words
    • Article
      Sydney
      398 7 SYDNEY: Interest centred on gold and tin stocks, which firmed markedly in an otherwise mixed market on Tuesday, dealers said. Osatral Nersmua rose 10 to 6.40 and Bsaisoa 50 to 5.90, but elsewhere, minings were mixed, with Pancoatiaeatal down 30 to 7.20 while feMm held steady at 1.20. CRA
      398 words
    • Article
      Manila
      155 7 MANILA: The market closed mixed on Tuesday, with oils and commercial* advancing strongly while minings fell, dealers said Turnover row to 8.75 million pesos from Monday's 0.84 million. PfcJlan gained two points but most other mining Issues declined slightly. Phil Orwwu rose three points and Oriental two while other
      155 words
    • Article
      Bangkok
      114 7 OCT M Bahts Adt Fibre 190 ♦4 Bangkok 371 -4 Bangkok Invest n« t fc llatm 270 ♦4 D&n(KO|*HPuOpoiitanBank 7008 Berll Jucker 440 unch Charoon* Thai Wire 213 +3 Dumex DusltThani 284 ♦30 Fiber Merlin First Trust 206 -a Genera Finance 264 4-4 Indo-Thal Industrial Finance Corp 1305 unch
      114 words
    • Article
      Amsterdam
      293 7 AMSTERDAM: The market closed mixed with a higher bias on Monday, dealers said. Dutch Internationals were steady after an Initially weaker opening. Elsewhere banks and shippings were mostly lower with Hal losing one guilder. Shares with gains of over one guilder included DsU, Heinekea. Eaaia and State loans were
      293 words
    • Article
      Brussels
      150 7 BRUSBELS: Belgian shares were irregular }n slack trading on Monday, bourse sources sald^ Among shares to gain were Reserve, Sldre, Clabecq, Wagons-Lite and UCB, while Asturtenne, VMlit Moatagne, Haiaaut-Sanbra, Socfln and CBR all lost ground. UK shares firmed, Germans, US and French were irregular, Dutch eased and gold mines
      150 words
    • Article
      Frankfurt
      258 7 FRANKrURT: Shares generally eased up to 1.90 marks in lacklustre trading In the absence of buying Interest on Monday, market sources said. Storss, engineerings and steels dropped by at most 2.90 marks, while m electrlcals BBC fell 3.50 on news of Its planned lay-offs Public bond prtcss shed up
      258 words
    • Article
      Milan
      140 7 MILAN: The market closed at the days' lows In subdued trading on Monday, dealers said Aalc, Montedison. Fiat. Bath Olivetti and Pirelli all lost ground In depressed Industrials. Financials eased but Geaerale InuMbiliare steadied against the trend. Insurances and banks were also lower. Bonds were narrowly mixed. OCT Lire
      140 words
    • Article
      Paris
      317 7 PARIS: The market was slightly easier on Monday with some concern over the turbulent currency markets and the higher French call money rate, dealers said. Banks were weaker, foods steady, Ferodo firm, while other sectors lost a little ground. Among foreign stocks, International oils and US Issues were slightly
      317 words
    • Article
      Zurich
      276 7 ZURICH: The market firmed over a broad front on Monday with sentiment aided by optimistic prospects of Swiss industry cited by Schwelzerlsche Bankgesellschaft in Its recent survey. The Credit Suisse Index rose 3.6 points to close at 244.7. Swissair Oerlikon-Buehrle and Landia Uad Gyr headed gainers on active demand.
      276 words
    • Article
      Jo'burg
      378 7 JOHANNESBURG: Gold shares closed firmer In moderate trade on Monday, reflecting bullion price considerations, dealers said. They noted good, all round demand. Gains ranged between five and 20 cents In smaller Issues and up to 75 cents in heavyweights. Financial minings followed producers higher. Elsewhere, Debeers, exdlvldend, was at
      378 words
    • Article
      Toronto
      328 7 TORONTO: Share prices closed higher in active trading on Monday with the composite Index up two points. The gold Index added more than 14 points in response to rising bullion plrces. Trading In oil issues was heavy with that Index up 8* points. Gains led losses 238 to 187.
      328 words
    • Article
      New York
      1306 7 NEW YORK: A continuous flow of good economic news helped the stock market to squeeze out some more gains on Monday for the third consecutive session In moderate trading. Although the rally was only modest. Wall Btreet analysts said the market appears to be developing a better tone
      1,306 words
    • Article
      Indices
      63 7 FINANCIAL TIMES INDUSTRIALS Monday 520.1 Friday 520.7 Week Ago 521.3 DOW JONES AVERAGE INDUSTRIALS Monday 851.06 Friday 847.11 Week Ago .841.85 LONDON DOLLAR PREMIUM Monday 89 v, to 90 Friday 88*4 to 80 H.K. HANG SENG Monday 420.01 Friday 417.00 Week Ago 415.70 SYDNEY INDUSTRIALS Monday cloted Friday 388.20
      63 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      405 7 BUSINESS TIMES Airline Directory I r^ll 110-112 Shaw Cintn, Orchard (Tel: 377.111) SK«nton Way, Sin|»»»w (1) (Tel: *****88) Ground. Root. ICB MUinm. Singapore 1 (Tel: *****11) 14th Floor, UIC luMdiwf, Shenton Way, (Tel: 2205.277) Air Nov lool—d Ltd 614. Groond Floor Ocoon luMdinf, CoNyor Sinooooro 1. (Tel:* 918.244) Alitalia Mf
      405 words
Page thumbnail Page 8
  • COMMOMTY REPORTS AND PRICES
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      471 8 PRICES in the Singapore rubber market yesterday were 0.75 cent lower at the eutset following easier London advices, but recovered later on covering Interest and speculative buying on reports of Soviet buying in London. Forwards and physicals were neglected. The morning session finished slightly higher,
      471 words
    • Article
      Closing prices
      33 8 Robber: Oct 4 Singapore: October 214.00 oenU (up two cent*) Malay tie: October 216.00 cents (up 2.50 centa) Tin: $1,796 (up $15) Official offering: 211 ton ■ea (up 16 ton nee)
      33 words
    • Article
      RAS PRICES
      327 8 R A S prices In cents per kilo yesterday: Noon Clow (per kilo) (per kilo) Int. 1 R.S.S prompt f.o.b. Buyers Sellers Buyers Sellers 211.25 212.25N 213.00 214.OON Int 1 R.S.S. Oct 212.50 212.75 214.00 214.50 Int. 1 R.S.S. Nov 214.25 214.75 216.00 216.25 Int. 2 R.S.S 210.50
      327 words
    • Article
      SSR AND SMR
      107 8 NOON SSR and SMR prices yesterday: October November I RAS (Current Mth) (Farw srd Mth) Buyers Sellers Buyers (ceati Sellers w (cents per kf) P«•*#> SSR 20 (1-ton pallet) 205.50 207.50N 206 50 208.50N gt SSR 50 (1-ton pallet) 203.00 205 OON 204.00 206.OON lM.REL.B. ■SMR 5CV
      107 words
    • Article
      Hongkong comex
      295 8 HONGKONG, Tues. The market closed firmer In very quiet trading, despite an overnight decline In New York, dealers said. Trading was centred on March and July deliveries, closing 0.40 and 0.34 US cents higher on commission and trade house buying throughout the session, they said. Speculative day trade
      295 words
    • Article
      Produce exchange
      586 8 COFFEE bean prices were further depressed In a generally quiet Singapore produce market yesterday. Belllng pressure mounted at certain origins Including Indonesia and the withdrawal of roaster buying was reported to be the main depressants. The easier trend was noted since last week when the expiring September position
      586 words
    • Article
      Coffee
      295 8 LONDON, Tues. Coffee opened £30 to £50 higher In the morning on turnover of 373 lots. Initial demand followed the higher close In New York, sources said. Trade houses were on both sides of the market, but sold on balance. One Industry firm did a 100 lot self trade
      295 words
    • Article
      Palm oil
      69 8 C.I.F. Rotterdam. US dollars per ton. LONDON: Malaysia 5H f fa bulk Moaday Nov 445 sir 450 sir Sumatra b% ffa Sept 510 sir 525 sir Oct 480 slr/475 477H pd 477 *i sir Nov 457* sir 455 sir Dec 445 Slr/455 pd 450 sir Jan 442 W
      69 words
    • Article
      Cocoa
      275 8 LONDON, Tues. Terminal cocoa turned sharply easier this morning having first traded £9.50 up against New York In near December at £2,630 per tonne. Prices reached £40, limit down soon after the opening, basis near December at £2,578 offered and near March at £2,211 traded and offered with proportionate
      275 words
    • Article
      Straits Tin
      255 8 THE Straits tin price In Penang yesterday was up MSIS to $1,796 on an official offering up 16 tonnes to 211 tonnes. With the London Metal Exchange holding steady on Monday the market continued higher, due to buy-* lng from Japan and US as well as local covering
      255 words
    • Article
      Sugar
      316 8 LONDON, Tues. Terminal in the morning opened £0.15 down to £0.75 per tonne up from Monday afternoon closing levels. Sales totalled 903 lots. Dealers said the market was initially around Monday night's steady kerb levels although some hesitancy was seen. At end morning, prices were £2.20 to £3.15 down
      316 words
    • Article
      Rice
      196 8 BANGKOK, Tues. Indicative prices quoted were: Price* in US dollar* per tonne FOB I Bangkok: WUu Sk»: 100 pet Ist class 306. 100 < pet 2nd 302. 100 pet 3rd 2M. 5 pet 277, 10 pet 200,15 pet 257. JO pet 254,28 pet 245. 39 pet unq. Br»k»a: A-l
      196 words
    • Article
      Wheat
      131 8 CHICAGO, Tues. Wheat futures rallied late In the session on Monday, to close at or near the highs, with advances of 5 1/4 to 5 3/4 cents a bushel. Traders reported scattered, general buying and a lack of heavy commercial selling pressure. The advance accelerated as commission house buy
      131 words
    • Article
      Soybeans
      109 8 CHICAGO, Tues. Soybean futures on Monday, fluctuated both sides of Friday's llose before finishing 1% cent a bushel higher to a shade lower In the September 1978 contract. Shortly before noon, prices moved Into the plus column for the first time after being as much as 10 cent lower.
      109 words
    • Article
      Copper
      303 8 LONDON, Tues Copper wlrebara declined by mostly £4.50 per tonne In the morning. Values sagged on the premarket under tired long liquidation prompted by the overnight trend at New York and a lack of followthrough to the rece-t strength In gold, dealers said. Three Months traded down to £094
      303 words
    • Article
      Silver
      232 8 LONDON, Tues. Silver eased by 0.8 to 0.9 pence per troy ounce in the morning. The New York close and softer tone In gold encouraged stale bull liquidation which shaded Three Months to 268.1 pence in the ring before negllblle shortcovering hardened the position to 268.5 pence. Sales were
      232 words
    • Article
      Lead
      102 8 LONDON, Tues. Lead eased by £2.75 for cash and £2.25 for Three Months in the morning. The decline In copper induced hedge selling on the market where Three Months traded down to £336 per tonne. The lower levels found influential covering, however, and by the end of ring dealings
      102 words
    • Article
      Gold
      356 8 IN THE Singapore market, the kllobar opened at 5512,239, and was bldded up to a high of 5512,275 before easing off to close at 5512,258. In the London market, the metal opened at U*****.40/60 and closed at U*****.75/95 before rallying to a high of U*****.00/20. The London morning fix
      356 words
    • Article
      Zinc
      90 8 LONDON, Tues. Zinc softened by mostly £1 per tonne In the morning. Values here sagged In sympathy with the general trend although there was no undue hedge selling pressure evident. The market ruled steady in the ring on what trade sources said appeared to be hedge covering. Three Months
      90 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      606 8 THE US dollar strengthened in dealings on the Singapore forex market yesterday in what dealers described as a technical reaction to the low exchange rates the American currency was taken down to In the previous day. Hectic dealing was noted In two major currencies, the Deutschemark and the yen,
      606 words
    • Article
      Minimum lending rates
      56 8 ACBC .7 Algemene Bank Citibank .7 Bangkok Bank 7 HSBC g v 4 Bank of America Bank of China Bank of Tokyo ....7 6*. Indoauei Malayan Banking.. 6V 4 gv 4 Bank Negara Indonena 7 OCBC OUB 6V 4 Chartered Bank UCB .7 Chase Manhattan 7 UMBC
      56 words
    • Article
      Asian $ rates
      144 8 Asian rates ASIAN currency depoelt rate* u at cloee on Oct 4 Interbank US MUn (8»«) lmth 2 mllu Smttu mUu 9mtha Umtlu 1 mth 3 mUu 6mthi 12 mth* 1 mth 3 mtlu 6mths 12 mtlu .6 11/16 8/18 .7 6 7/> .7 7/9 .7 vie 7 vie .7
      144 words
    • Article
      Discount
      3 8 Jo yr^rT^y?r
      3 words
    • Article
      Euro $ rates
      80 8 Euro rates LONDON, Tues. Eurodollar deposit opened firm and edgkl higher In early trading. The firmer tendency that developed late yesterday was extended following the higher Fed funds rate at yesterday's close, dealers said. Short dates were mostly around 1/16 higher. Periods opened around 1/16 higher on fears of Increased
      80 words
    • Article
      New York
      145 8 NEW YORK, Tues. The dollar closed sharply weaker on balance than on Friday while the Canadian dollar fell to Its lowest since the currency floated in 1970, dealers said on Monday. The US dollar's fall continues to reflect concern about the outlook for the US trade and current
      145 words
    • Article
      London
      174 8 LONDON, Tues. The dollar displayed a steadier tone In opening trading, scoring slight gains against most leading currencies following yesterday's sharp decline, dealers said. The yen was at 261.20/40 to the dollar on light selling pressure, compared with 260.60/80 overnight, after estimated central bank intervention of $150 million in
      174 words
    • Article
      Hongkong
      134 8 HONGKONG, Tues. The US dollar fluctuated erratically against the yen and mark In active trading here, with a brief recovery counteracted by European selling in the afternoon, dealers said. It closed at 260.90/10 yen, from New York's mid-point equivalent close of 259.94, after rising to a high of 261.75/85
      134 words
    • Article
      Tokyo
      96 8 TOKYO, Tues. The Bank of Japan is believed to have bought an estimated US$l5O million to prevent the yen from rising, dealers said. The US dollar for overnight delivery closed at 261.00 yen, compared with 260.00 at the opening and 262.08 at yesterday's close. Later, traders began import covering,
      96 words
    • Article
      Australia/NZ
      49 8 AUSTRALIA/NZ exchanges quoted on Oct 4: AUSTRALIA Sterling 0.6376/0.6308 U8 dollar 1.1160/1.1112 Ninety-day air mall buying rate* Sterling .6523 US dollars 1.1441 Ninety-day forward buying rates: Sterling .6294 U8 dollars 1.1041 NEW ZEALAND: Sterling 0 5571/0.5540 US dolkr 0.9828/0 9728 Ninety-day forward rate: Sterling 0.5666 U8 dollar 1.00S1
      49 words
    • Article
      Zurich
      48 8 ZURICH exchanges quoted on Oct 3. U8 2 3324-3332 UK 4.09S5-0975 Can 2.1898-1709 W Oerm 101.81-88 Neth 95.64-71 France 47 98-48 02 Brig 6 5588-5639 Denm 38 07-10 Norw 42.53-56 8wed 48.54-57 Italy 0 2648-2650 Austria 14.25-27 Port 5.7297-7387 8paln 2 7584-7600 AT( 0.49-59 Japan 0 8448-8459
      48 words
    • Article
      Frankfurt
      37 8 FRANKFURT exchanges opening quotes on Oct 4 US 2.2927/37 Ota 2.1200/20 UK 4 026/030 Neth (3 (0/90 8wlts (8.18/28 Italy 2 80/61 France 47.04/14 Norw 41.73/82 Bel( com 6.441/451 Br If fin 8.45/48 Japan 0 8775/85
      37 words
    • Article
      Eurobonds
      300 8 LONDON, Tues. The market was relatively quiet, dealers said. Eurobond prices quoted on Oct 4 StraifbU BM Offer Austria 8V. 90 101* 102* Bell Canada 8%. M 1044 1054 BFCE8*83 101 V. 102 Brazil 9 v. 84 99* 99* Can Pacific 9V, 83 100* 101 Credit National 8 V,
      300 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      381 8 1976 Nobel Prizewinner £1976 Nobel Prize Winner is at his best again in his latest book To Jerusalem and Back'. As with his recent best-seller 'Humboldt's •Gift', Bellow's brilliant images emerge at frequent intervals like sunshine through fog, witty, clever, radiantly imaginative and •without doubt. Bellow has become one of
      381 words
Page thumbnail Page 9
  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Makers may lose $60m on each Concorde
      265 9 AFP PARIS, Tues. The firms building Concorde stand to lose 120 million francs (5960 million) on each of the production run's 16 aircraft, French Secretary of State for Transport Marcel Cavallle said In an interview In the dally newspaper J'lnforme yesterday. Blaming Concorde's
      AFP  -  265 words
    • Article
      Lock icon Kennedy rules may be changed
      150 9 Reuter NEW YORK, Tues. The owners of Kennedy Airport, facing an order to permit flights by the Anglo-French Concorde, said yesterday they are considering Imposing new noise regulations. A spokesman for the Port Authority of New York and New Jersey confirmed that new rules are
      Reuter  -  150 words
    • Article
      Lock icon ICAO admits PLO as observer
      164 9 AFP MONTREAL, Tues. The general assembly of the International Civil Aviation Organisation (ICAO) yesterday voted to admit the Palestine Liberation Organisation (PLO) as an observer. Seventy member countries supported the motion, 32 Including the host, Canada abstained, while the United States, Israel and South Africa
      AFP  -  164 words
    • Article
      Austiran first with ro-ro service to Australia
      585 9  -  By TERESA LIM AUSTIRAN, a shipping company based In Australia, has effectively begun the first regular roll on/ roll off (ro-ro) service on the Singapore/ Australia run, Its local agents claim. Crossworld Navigation, the local agents, said that Austiran's ship, the "Opal Bounty",
      585 words
    • Article
      High-level team from Bremen due here
      211 9 BREMEN, one of the largest all-purpose ports in Germany, will send a highpowered team to Singapore to make a presentation on the ports and economy of Bremen on Oct 10 and 11. The purpose of the visit is to discuss mutual commercial interests between
      211 words
    • Article
      Lock icon London freight market
      171 9 UPI LONDON, Tues. Attention remained focused on trans-Atlantic grain rates which continued their Eradual rise, showing a 525 cents Improvement during weekend chartering from the US Oulf to Holland. Such Improvement, was contained In the payment of $4.75 (FIO) to the 70,000ton spot ship "Polycrest" and the
      UPI  -  171 words
    • Article
      Lock icon Fewer idle ships
      136 9 AFP LONDON, Tues. Although the tonnage of idle oil tankers Increased again in September the fourth monthly rise In succession to a new "high" for the year, the number of vessels unemployed fell, the London tanker brokers E.A. Gibson say "In their latest survey. In addition, the
      AFP  -  136 words
    • Article
      New firm
      28 9 ROTTERDAM, Tues. Nedlloyd Bulk and Panocean Storage and TranaCrt said they have set up a ndon-based company, NedUoyd-Panocean, to manage their combined coastal chemical tanker fleet.
      28 words
    • Article
      Sintat discount offer
      95 9 A LEADING car rental company, Slntat Rent-a-Car, Is offering Its clientele a discount of five cents for every litre of Esso Extra petrol consumed. The offer takes effect today when Slntat, Jointly with. Esso Singapore, launches a special rebate scheme the latest Inno- vation in the car
      95 words
    • Article
      Far East freights
      646 9 CHINA buyers are In the forefront in sales and purchases of second hand tonnage, but even this market at present has hit the bottom. They spent about US$l3O million for 30 odd vessels, mostly tween deckers of abt 10 yrs and above 10,000 dwt. Bulkers and medium
      646 words
    • Article, Illustration
      IN PORT
      289 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anton Chekov (after Trinidad) 3/4 Ceuta (SXNB) (1900) 45 Henrlette Maersk (0500) 15/16 Jong Kong (1000) 6/7 Montes (0600) 24 Patagonia Argentina (0600) 46 Samson (0600 23 PASIR PANJANG WHARVES Bruas (1500 after Unl- son I) Odns. 301 CB 7 1281 1349 Kota
      289 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      600 9 ARRIVALS 90TV1C6 Local Operator Number Time Fran TMA TL304B 0530 TPE MAS MH682 0810 KCH PAN PA847 0810 SFO/HNL/OUM CPA CX710 1000 HLP OIA GA980 1030 HLP THAI TQ423 1035 BKK SIA SQ211 1045 HLP THAI TG981 1050 BKK OIA OA944 1055 PKU OIA OA908 1100 MES
      600 words
    • Article
      Lock icon Dock ops relatively normal
      112 9 Reuter NEW YORK, Tues. Dock operations remain relatively normal along the US Atlantic and Gulf coast despite a selective strike against container-ship operations. Industry sources said. Regular cargo and passenger ships, along with oil tankers, are being loaded and unloaded at ports between Maine and Texas
      Reuter  -  112 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      43 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 2
      43 words
    • Advertisement
      Page 9 Advertisements Column 2
      226 9 > v> J* 3> y f V s, ■z> X y* A V h >* £4 "5* 5 5iT same month, MAS, Mali weather in the last coup jMr The September issue is here. The issue with the bright new look. introduced to the public in October 1972. In the
      226 words
Page thumbnail Page 10
  • Article
    Lock icon Egypt: Stop before the food runs out
    1161 10  -  By ADAM ZAGORIN UPI CAIRO: The 19th-century English .demographer Thomas Malthus noted that world population was increasing faster than -n-man's food supply. He predicted mass lmpoverlshment and starvation the trend were ••'-checked. Nowhere is Malthus' dire forecast more likely to come «ii true
    UPI  -  1,161 words
  • Article
    Lock icon EAST GERMANS ASK FOR 'REAL MONEY' – MARKS
    733 10 EAST GERMANS ASK FOR 'REAL MONEY' MARKS NYT EAST BERLIN: A factory team of East Berllners shocked their bosses by demanding that part of their salaries be In hard currency the much-coveted West German mark. They were rebuffed, but unrest in East Germany over what many consider a two-class system
    NYT  -  733 words
  • Article
    Lock icon Chess players who won't recognise each other
    1278 10  -  EEC AND COMECON By TIM PEARCE Reuter. BRUSSELS: The European Common Market and Comecon are edging cautiously towards a closer relationship, but the latest move In their diplomatic chess game Indicates that much tortuous negotiating lies ahead before any formal agreement can be
    Reuter.  -  1,278 words
  • Article
    Lock icon Uncertainty grips the US economy
    1535 10  -  By THOMAS MULLANEY NYT NEW YORK: As happened in 1976 and 1975, the American economy has emerged again this year from Its summer slowdown and is gaining momentum as the normally busy final quarter ol the year begins. The pattern In various industries or sectors
    NYT  -  1,535 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      385 10 I rr r nio V'O/ m mrop, r 'CON A A. THE GREAT BOOKS OF WESTERN CMLIZATION These are the books that had to burn. For ing of civilization's Rreatmen. A convcrsawithin the GREAT BOOKS are volumes tion that has created the lasting institutions that hold the ideas and thinking
      385 words
Page thumbnail Page 11
  • Article
    Lock icon Jakarta's main aim to lure investors back
    615 11 Reuter JAKARTA, Tues. In a long-expected move to counter failing foreign Investment, Indonesia has streamlined Its complicated and time-consuming investment approval procedures. Two presidential decrees published yesterday and taking Immediate effect concentrate powers so far held by 10 different departments In the hands
    Reuter  -  615 words
  • Article
    They're game... success was on the cards, too
    730 11 THE normal ingredients of a business were lacking when Graham Rogers and David Kee set up Games Card International. For one thing they had no capital. Instead they had tremendous faith In their basic Idea and plenty of nerve to go soliciting
    730 words
  • Article
    Two top investors in Korea
    114 11 SEOUL, Tues. Japan and the United States accounted for 61.6 and 19.2 per cent respectively of the US$BB3 million (552.15 billion) foreign private investment here approved between 1962 and last June, the government Economic Planning Board said today. Of this approved total, $713 million had
    114 words
  • Article
    Lock icon Japan to adopt new measure of nation's wealth
    173 11 AFP. TOKYO, Tues. Japan will switch the government's statistical measure of national wealth from the present gross national product (ONP) to the new system of national accounts (NSNA) in fiscal 1978, beginning April 1, the Economic Planning Agency (EPA) announced today. The
    AFP.  -  173 words
  • Article
    Wage, price council
    31 11 WASHINGTON, Tues. The House voted to extend the life of the Council on Wage and Price Stability for two more years. The council's authorisation expired on Sept 30.
    31 words
  • Article
    Lock icon Export letters of credit rise
    164 11 UPI. TOKYO, Tues. Japan's exports on a letter of credit basis rose by 23 per cent to U554,578 billion (5511.17 billion) in September over the same month last year, the Finance Ministry and Bank of Japan said today. Bank of Japan officials said the Increase
    UPI.  -  164 words
  • Article
    Seminar on pollution control
    93 11 A TWO-DAY seminar on Pollution Control and Management will open this Friday at the Equatorial Hotel for practising architects and engineers. Speakers will be from relevant government bodies, practising experts In the Industry and the University of Singapore. Statutory requirements and regulations on pollution control in
    93 words
  • Article
    Lock icon US urged to solve oil firms double tax problems
    285 11 UPI. NEW YORK. Toes. Indonesian Minister of Mines Mohammad Sadli yesterday said the United States has a huge stake in Indonesian oil and should give special attention to settling oil companies' tax problems. "The import of Indonesian oil into the US
    UPI.  -  285 words
  • Article
    Back with $3m EEC orders
    161 11 A SINGAPORE trade mission to the European Economic Community has returned with over S3 million worth of orders. Participation In international trade fairs certainly proved Its worth for these Singapore businessmen, for half of the mission's sales was secured In Frankfurt at the Frankfurt International
    161 words
  • Article
    Lock icon HK BANKS' DEPOSITS
    45 11 AFP. HONGKONG, Tues. Hongkong's 74 licensed banks had between them deposits totalling HK548.82 billion (5524.4 billion) on Aug 31. An official announcement said there was $11.75 billion in demand deposits, <18 billion In time deposits and $19 billion In savings deposits. AFP.
    AFP.  -  45 words
  • Article
    Lock icon Sugar row goes back to the table this week
    272 11 UPI. TOKYO, Tues. Japanese sugar refiners and Australian producers will resume negotiations soon on a solution to the prolonged sugar dispute between the two countries, a financial newspaper reported today. Nlhon Keizal said Mr. John Laurie, chief negotiator for Australian sugar
    UPI.  -  272 words
  • Article
    Lock icon Continued pressure expected on A$
    354 11 AFP. CANBERRA. Tues. Continuing pressure on the Australian dollar was predicted today by former Australian Treasurer, Mr. Bill Hayden, now opposition spokesman on economic affairs. He told the House of Representatives the Australian government had acted too clumsily and too late In seeking to rectify
    AFP.  -  354 words
  • Article
    Lock icon Don't bar plywood imports, West told
    272 11 AFP. KUALA LUMPUR, Tues. The Malaysian Minister of Primary Industries Datuk Musa Hltam today urged developed countries to allow liberal access of plywood Into their markets. Speaking at the fifth conference of Asian plywood manufacturers here, the minister expressed concern over the general reluctance
    AFP.  -  272 words
  • Article
    Italian trade team scores a first
    159 11 THE first trade mission representing an Italian chamber of commerce to visit Singapore arrives here next Tuesday for a five-day visit. .The 18 mission members are all from the chamber of commerce In Placenza, 35 km south of Milan. The mission Is led by
    159 words
  • Article
    For printing screens
    75 11 BEHN Meyer's dyestuffs division has Introduced In Singapore and Malaysia a new type of photoemulslon for textile printing screens which It claims Is capable of providing longer print runs. Known as Texsol 206, this German produet Is said to have the toughness that matches the traditional reinforced
    75 words
  • Article
    Tourist industry holds promises
    133 11 US manufacturers of hotel and restaurant equipment are Interested In the opportunities that lie In the growth of the tourist Industry in Singapore, said Mr. Bill Lazar. Mr. Lazar, who Is trade representative at the American Hotel and Restaurant Equipment Catalogue Show which opened here on
    133 words
  • Article
    Lock icon HK denies making a deal with Godber
    595 11 AFP. HONGKONG, Tues. The law authorities today refuted reports that a deal was made between government and former police Chief Superintendent Peter Godber in connection with the HKI4 million (B*2 million) he Is alleged to have Illegally amassed during his 21 years of
    AFP.  -  595 words
  • Article
    Lock icon Understand our position, plea by Tokyo envoy
    223 11 AFP. MELBOURNE, Tues. Australia's relations with Japan should not be threatened by "Isolated upsets" over trade, according to Japanese Ambassador Yoshlo Okawara. Writing in the Mining Review published by the Australian Mining Industry Council, Mr. Okawara makes a strong plea for Australian understanding
    AFP.  -  223 words
  • Article
    BOSCH EXHIBITION
    127 11 THE Bosch Group, a multinational company with headquarters in West Germany, will hold a four-day exhibition of their complete range of products at the Hyatt Singapore Convention Centre from Oct 15. The exhibition alms mainly at providing additional information for the Bosch agencies and customers coming from 13
    127 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      392 11 APPOINTMENTS y—YKK INDUSTRIES (S) PTE LTD—* 11, International Rood Jurong Town, Singapore 22 An International Company manufacturing ALUMINIUM Windows and Doors invites applications for: EXPERIENCE SALES ENGINEER The Job To extend, promote and make known our products in the market The Mon The person we are looking for should be
      392 words
Page thumbnail Page 12
  • Article, Illustration
    Multi-billion dollar Malaysian projects
    645 12 KUALA LUMPUR, Tues. American businessmen are following up on their proposals to invest In several large projects In Malaysia, Deputy Prime Minister Da to Serl Dr Mahathir Mohamad said. He disclosed that Reynolds Metals who Is Interested In putting up a Mil billion aluminium plant recently
    645 words
  • Article
    Lock icon Second Asean-EEC meet in Jakarta
    328 12 AFP. KUALA LUMPUR, Tues. The second Investment meeting between Asean and the European Economic Community (EEC) will be Mid In Jakarta, Minister of Primary Industries Datuk Musa Hltam said today. He told reporters after opening the fifth conference of Asian plywood manufacturers here that the
    AFP.  -  328 words
  • Article
    LONDON STOCKS
    805 12 LONDON, Tues. Government bonds met further profittaking after last week's eight point rise. Dealers said disagreement within the government over the Inflation rate forecast and the high wage claim by Ford workers contributed to the decline. Net falls ranged to two points among longer maturities. The rise In
    805 words
  • Article
    Lock icon Stockpile of GSA tin in excess of needs?
    262 12 Reuter. NEW YORK, Tues. The Carter Administration could decide that more than 150,000 tonnes of tin In the current government stockpile Is In excess of strategic needs. Assistant Secretary of the Treasury for International Affairs, Mr. Fred Bergsten, said. He told a
    Reuter.  -  262 words
  • Article
    Lock icon Indira freed after 90-minute hearing
    87 12 Reuter. NEW DELHI, Tues. A Delhi metropolitan magistrate today ordered the release of former Indian Prime Minister Mrs Indira Oandhl from police detention. Mrs Oandhl was freed after a 90-minute hearing during which thousands of her Congress Party supporters fought with police in the street
    Reuter.  -  87 words
  • Article
    BENEFITS OF ISA MEMBERSHIP
    390 12 SINGAPORE may participate In a standards reviewing system within the field of Instrumentation soon. "This," said Mr. A.T. Upfold, vice-president of the International district of the Instrument Society of America (ISA), "Is one of the main benefits that membership In the ISA can bring to Singapore."
    390 words
  • Article
    A galaxy of speakers for management conference
    294 12 ASIA'S top management will be treated to a distinguished group of speakers at a four-day management conference at the ShangriLa Hotel from Oct 30 to Nov 3. The conference, held once every three years, Is ibelng organised by the Association of the Asian
    294 words
  • Article
    Five teams make it to the finals of NMG
    196 12 FIVE teams have entered the finals of this year's National Management Game to be played on Oct They are Electromech (from the Economic Development Board), Big Business Corporation (GE USA Housewares Oysters (Shell), Tecomark (Shell) and Chocolate Covered Nuts (Allied Chocolate).
    196 words
  • Article
    Unions urged to contribute to society
    192 12 TRADE unions have been told they should remain constructive forces in society. In this way, they can ensure a democratic way of life for the betterment of the standard of living of the people. Making the call was Mr. Ivan Reddish, president of the
    192 words
  • Article
    NEW SIA FARES TO PROMOTE TRAVEL WITHIN ASEAN
    271 12 SINGAPORE Airlines hat implemented new intra-Asean fare* since July 1 as part of the Asean airlines' effort to promote intra-Asean travel. A discount of 35 per cent is applicable to economy-class fares for those passengers who are travelling from one Asean point
    271 words
  • Article
    Lock icon Lee-Trudeau talks centre on trade, economic issues
    244 12 AFP OTTAWA, Tues. Trade and economic development Issues dominated talks between Singapore Prime Minister Lee Kuan Yew and Canadian leaders In Ottawa, government sources said yesterday. One source said that Mr. Lee and Prime Minister Pierre Trudeau also touched on disputes In the
    AFP  -  244 words
  • Article
    Skills development crucial to S'pore
    386 12 I SINGAPORE needs skills to maintain the growth of ln- dustries, to close the technology gap and to attract imore value-added industries so that new Jobs can be created. This was stated by Dr. Ahmad Mattar, chairman of the Industrial Training Board, yesterday. Dr. Mattar,
    386 words
  • Article
    AIM course for bank managers
    124 12 A SPECIALLY designed Advanced Bank Management Programme (ABMP) to broaden the outlook of middle and senior management of banks in Asean countries has been prepared i by the Asian Institute of Management. The three-part course will commence next month with some 60 participants. Participants will
    124 words
  • Article
    Woolmark quality control
    50 12 A THREE DAY Woolmark quality control seminar, organised by the Londonbased International Wool Secretariat, started here yesterday. About 30 participants from the textile industry are attending the seminar at Singapore Hilton. Singapore Carpet Manufacturers, which has Just been granted an international Woolmark licence, is co-ordinating the seminar.
    50 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      141 12 Bu SINGAPORE PRICE $300 INDEX Two-Year Cumulative manufacturing Conlecttooery ft nHAMTf God ness ess COMMUNICATIONS Air Satet* investment jtnno Enterprises tourism Asean Travel UFE AT THE TOR josepn Na*****'®* 0 TRENDS Head«f>g to* Aootne Recession Trends m Singapore!. Economic indicators Commodity Markets fTOCK MARKET review STOCK PROFILE Kuaia Lumpur Kepong
      141 words