The Business Times, 10 October 1977
1977-10-10
1
10
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section10 1977-10-10 1 BUSINESS TIMES M.C.(P) 300/1/77 MONDAY, OCTOBER 10, 1977 50 CENTS10 words
-
NEWS IN BRIEF
-
Article86 1977-10-10 1 UPI NEW YORK, Sun. More than US$l million (552.5 million) In federal savings deposits were placed in the National Bank of Georgia while its former president, Mr. Bert Lance, was Budget Director, the Long Island newspaper, Newsday, reported today. Citing records of the US Comptroller of the Currency,UPI - 86 words
-
Article69 1977-10-10 1 AP TOKYO, Sun. About 30 helmeted student radicals stormed into the new Tokyo International Airport outside Tokyo early today and burned down a two-room guard quarter with fire bombs, police said. Police said more than 8,000 demonstrators gathered in a park outside the airport, at Narlta, 80AP - 69 words
-
Article81 1977-10-10 1 AP TAIPEH. Sun. Taiwan registered a US$452 million (Ssl,llo million) surplus during the first nine months of this year, compared with a surplus of $376.5 million for the same period last year, the government said today. Preliminary statistics from the Directorate General of Budget, Accounting and Statistics showedAP - 81 words
-
Article53 1977-10-10 1 AFP LONDON, Sun. A confidential Commonwealth report has recommended United Nations oil sanctions against South Africa if Pretoria continues* to supply oil to Rhodesia,lnformed sources said. The report drawn up by the 11-nation Commonwealth Working Group on Sanctions was completed last week and will be submitted to CommonwealthAFP - 53 words
-
Article73 1977-10-10 1 BENTONG, Sun. Army troops have killed four communist guerillas, Including two young women, during an attack on a communist camp in the Pahang Jungles. The Fourtn Malaysian Infantry Brigade commander, Brigadier-General Wan Ismail Salleh, said that his troops tracking a communist combat group, called the Sixth Unit73 words
-
Article71 1977-10-10 1 AP LONDON, Sun. Tesco, one of Britain's largest supermarket chains, has cancelled £2 million (SsB.s million) worth of orders from two leading coffee processing houses. The chain said It will boycott their coffee until they lower the price. The two brands Involved are Nescafe, produced by the SwissAP - 71 words
-
Article65 1977-10-10 1 AP LONDON, Sun. A British Airways Concorde flew in from Bahrain yesterday with six passengers, a big improvement on Friday's empty outward flight. Six persons paid £489 (about 552,100) for the 5,600-km trip from Bahrain. The round trip cost BA £22,000 In fuel and landing charges,AP - 65 words
-
Article71 1977-10-10 1 UPI LONDON, Sun. Labour Party parliamentarian Reg Prentice, who stunned former socialist colleagues by Joining the Conservatives, said today that the Labour government must be "soundlv defeated" at the next election to stop a further swing to the Left. Mr. Prentice, 54, a one-time Minister for OverseasUPI - 71 words
-
-
Article116 1977-10-10 1 THE following list of stocks gives the 10 most traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1977. Company Turnover Price# High Low '000 Oct 7 1977116 words
-
LOCAL STOCK INDICES
-
Article71 1977-10-10 1 Oct 3 Oct 4 Oct 5 Oct 8 Oct 7 tt BT Index: 413.71 412.80 414.84 417.98 421.20 Industrials: 260.31 250.98 280.42 200.83 200.87 9 Finance: 430.51 429.50 430.70 431.08 430.01 #r Hotels: 170.10 170.10 109.95 170.31 170.50 Properties: 102.91 101.59 101.71 182.91 103.01 t Tins: 130.22 130.22 130.3371 words
-
Article83 1977-10-10 1 Oct J Oct 4 Oct 5 Oct Oct 7 ft BTlates: ImduatriAis: 458.15 450.00 450.27 407.35 470.03 'i 285.72 285.27 285.30 285.82 280.10 Flnaacc: 373.53 371.97 372.91 373.8S 375.51 .r Hotel*: 175.01 174.71 174.71 174.79 174.71 Propartiat: 148.71 148.50 148.40 150.02 150.08 t Tlma: 137.58 137.04 137.30 137.73 138.3983 words
-
-
1287 1977-10-10 1 RONNIE LIM - PREPARE NOW SAYS DR GOH By RONNIE LIM SINGAPORE will have a respite of perhaps three or four years during which time it should lay the basis of a new economic strategy which will see it through the more difficult times which are bound to1,287 words
-
905 1977-10-10 1 THERE ARE already warning signs in the world economy that things are not going to be as easy as before. Protectionism, slowing down of foreign Investments due to inwardlooking policies of businessmen plus other more direct Influences on Singapore are the impending prospects ahead.905 words
-
190 1977-10-10 1 AFP TOKYO, Sun. Central banks from some Asian and West Asian countries have turned to the Tokyo money market for exchange gains and are playing an increasing role In the current monetary unrest, banking sources said here. With no end to the dollar s declineAFP - 190 words
-
Article96 1977-10-10 1 Reuter LONDON, Sun. British financier Jim Slater told a radio audience today that he had been very frightened during the Singapore Government's recent bid to extradite him. In an Interview about his autobiography "Return To Go," being published next Thursday, he said that onlv an "extremely low levelReuter - 96 words
-
294 1977-10-10 1 PEOPLE who argue against the gradual or absolute removal of tariff barriers in the Asean region bare CITCd. The Senior Minister of State (Foreign Affairs), Encik Rahim Ishak, said that the idea that the more advanced economies would flood those less advanced with294 words
-
507 1977-10-10 1 THE NATIONAL Bank of Brunei will re-open Its doors for business today, after a temporary suspension last week following a massive run by depositors. This comes after reassurances by the government and the bank over the weekend that rumours leading to the run507 words
-
Article130 1977-10-10 1 MORGAN Grenfell (Asia) Ltd has arranged financing under two-loan agreements for a new 125-tonne per day coconut oil milling complex to be built for the l»-tonne Sulu Agro Industrial Development Corporation on Jolo Island In the southern Philippines. The first is a US$3.2 million (Ss7.B million) export130 words
-
Page 1 Advertisements
-
Advertisement23 1977-10-10 1 \}*-<.,$>*(+~%?);]|*}+{]|;~>.~& L Leisure/TV ft Radio Leisure/Crocs words Features International Co New*/ Overseas News Local Co News Overseas Markets Commodities Sports Local ft Overseas News23 words
-
Advertisement132 1977-10-10 1 Bonk with Chose and give yourself the Chose advantages. There are so many banks operating in Singapore. And most of them offer the same or similar facilities. So you may well ask, why should I bank with Chase? The answer is service. The Chase commitment to service is very real.132 words
-
Advertisement400 1977-10-10 1 @Wiyfbong Amending hand when Wayfoong Mortgage you need and Finance (Singapore) Limited it ITIOSt Shaw House. Ground Floor. 354 Orchard Road. Singapore Tel: *****7. IMAGINE THMKING THAT THE EARTH IS FLAT AND .-iij i K&&Z7A TELLS YOU rrs ROUND. 71 ;M, In international terms, Bang Olufsen of Denmark is not400 words
-
-
REVIEWS
-
Article551 1977-10-10 2 IT is doubtful If last week's powerful surge In the value of the Yen did a great deal of harm to anyone. A realignment through the market had looked on the cards for some weeks and few, if any, traders will have been caught out by the sharp551 words
-
Article, Illustration1454 1977-10-10 2 HAROLD SCHONBERG - By HAROLD SCHONBERG NYT NEW YORK: Strange how we always return to Mozart. Fashions change, but the little man from Salzburg remains a constant. Even during the last six years, when Pierre Boulez carefully avoided the overworked Beethoven symphonies and concertos, the New York PhilharmonicNYT - 1,454 words
-
Article636 1977-10-10 2 CKT - By CKT NO doubt about It that Beethoven is big at the box office and the record shops, with the bulk of listeners musically hidebound as they are But Hans Werner Henze is slowly getting where Beethoven is. Henze, I figure, knows how the power636 words
-
855 1977-10-10 2 ANTHONY PARISI - By ANTHONY PARISI NYT NEW YORK: The market for high-fidelity audio cassettes is In technological turmoil. In the last two years, the original high-performance tapes that helped make cassette recorders serious equipment among audlophlles have lost a lot of ground to a newerNYT - 855 words
-
Article, Illustration1104 1977-10-10 3 JANET MASLIN - By JANET MASLIN NYT NEW YORK: It was late afternoon, and the shoppers were beginning to straggle in. In twos and threes they strolled through the lobby of the small, elegant mid town hotel, walking into the bar and sitting down to order. ThenNYT - 1,104 words
-
Article, Illustration864 1977-10-10 3 PETER DAVIS - By PETER DAVIS NYT NEW YORK: On Sept 12, four days before Maria Callas died In Paris at the age of 53, Scrlbners published a book by John Ardoln entitled "The Callas Legacv," a painstakingly complete analysis of the soprano's recordings. Quite unexpectedly, the book isNYT - 864 words
-
Article483 1977-10-10 3 RITA RELF - By RITA RELF NYT NEW YORK: It will surprise no one with an eye for fashion that Pierre Cardin's furniture collection is shimmering and sartorial and the last word In chic. Furthermore, the French designers first Americanmade, mass-produced furnishings are safe and solid but neverNYT - 483 words
-
Article1080 1977-10-10 3 ALINE MOSBY - By i ALINE MOSBY UPI PARIS: The latest French cuisine expert to write a cookbook Is pretty, darkhaired, 2? and already famous as the daughter of the President of France. Valerle-Anne Giscard d'Estalng and Sylvia PlerreBrossolette, daughter of Giscard's former chief aide (he has since turnedUPI - 1,080 words
-
Article437 1977-10-10 3 ANGELA TAYLOR - By ANGELA TAYLOR NYT NEW YORK: Ira Nelmark. Bergdorf Goodman's president, was having a busy evening. At 5:30 he gave a party for the store? employees to celebrate the biggest September In the store's history, one that included the two best days and the best week of salesNYT - 437 words
-
-
Page 2 Advertisements
-
Advertisement34 1977-10-10 2 J v-" Peter Benchley better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment' -DAILY TELEGRAPH m Tor the second lime -the book you can't put down' -DAILY MAIL READ THE BOOK SEE THE FILM34 words
-
-
Page 2 Miscellaneous
-
Miscellaneous51 1977-10-10 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Oct. 9 at Singapore airport. Maximum Temperature 30.2° C Associated Humidity 68 Minimum Temperature 23.9° C Associated Humidity 96 Hours of Sunshine 6.00 Rainfall in Millimeters trace Rainfall for the Month 21.8 Total Rainy Days for the Month51 words
-
Miscellaneous284 1977-10-10 2 RADIO TV SINGAPORE 5 3.00 PM Opening announcements followed by Kudumba Malar (Tamil-Repeat)" 3.30 Diary Of Events (Tamil) 3.35 Afternoon Matinee What Ever Happened To Baby Jane? (Pt.l) Starring: Bette Davis, Joan Crawford, Victor Buono 4.25 Intermission 6.00 Opening announcements followed by Inquiry Speaking Of Essay Writing 6.30 News in284 words
-
-
Page 3 Advertisements
-
Advertisement15 1977-10-10 3 TAILORS STORE HIGH ST CENTRE OCEAN BUILDING SUPREME HOUSE GOODWOOD, HILTON, RAFFLES HOTELS COLD STORAGE15 words
-
-
Page 3 Miscellaneous
-
Miscellaneous456 1977-10-10 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS DOWN I A figure in woven velvet! 7 Trophy that keeps coming round, we hear (5, 3) 8 Scottish Instrument? (4) 10 Its use Is plane sailing (6) II Don't accept such rubbish (6) 14 Cry down? (3) 16 Entrances often barred (5) 17 Need456 words
-
-
Article, Illustration2468 1977-10-10 4 GUY GUGLIOTTA - Today is the 10th anniversary of the death of Che Guevara, perhaps the modern world's most famed revolutionary. UPI correspondent GUY GUGLIOTTA travelled to Bolivia and talked to many people who knew him or knew of him.'This is how Che is remembered.2,468 words
-
Article951 1977-10-10 4 GRAHAM HEATHCOTE - By GRAHAM HEATHCOTE AP LONDON: Britain Is suffering a fame drain. Some of this country's top actors, entertainers, athletes and writers have left, saying they cannot afford the income tax. The latest to go Is film actor Michael Calne who says he Is looking forAP - 951 words
-
951 1977-10-10 4 R.W. APPLE JR - By R.W. APPLE JR. NYT ABERDEEN (Scotland): Not too many years ago, Lord Laurence Olivier, commuting between .London and his home at Brighton on the Channel coast, was appalled to find that the dining car could not produce a kippered herring for his breakfast.NYT - 951 words
-
Page 4 Advertisements
-
Advertisement340 1977-10-10 4 n u FROM FEDERAL PUBLICATIONS LIM BIAN YAM mi 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 ver est novice. The joy of this book, however, is340 words
-
-
INTERNATIONAL COMPANY NEWS
-
162 1977-10-10 5 Reuter ZURICH, Sun. Citicorp earnings growth will be below average this year as the bank is still caught up in the aftermath of recession, executive committee chairman Edward Palmer said here. He told analysts at a firesentation to mark the isting from last Friday,Reuter - 162 words
-
Article74 1977-10-10 5 NEW YORK. Sun. Some business and government offices will be closed for the Columbus Day holiday tomorrow, but all US stock markets will maintain normal trading hours. Among US commodities exchanges, only the New York Cocoa Exchange and the New York Coffee and Sugar Exchange will be closed.74 words
-
Article410 1977-10-10 5 Reuter LONDON, Sun. The Bank of England announced a new £600 million 1981 3 per cent Exchequer stock, priced at £92 per £100 nominal and payable in full on application. List will open and close on Oct 13. Gross yield to final redemption is 5.32Reuter - 410 words
-
239 1977-10-10 5 Reuter NEW YORK, Sun. The American Stock Exchange said it is forming the Amex Commodities Exchange Inc. a separate corporate entity which will handle options and spot trading in gotd and silver bullion. The Amex said the commodities exchange is scheduled to start next spring,Reuter - 239 words
-
Article63 1977-10-10 5 Reuter LONDON, Sun. The Republic of Panama plans to issue US$2O million of Eurobonds with an expected coupon of 9 per cent, lead manager First Chicago (Panama) said. The bonds are redeemable at par in 1982, but holders have the option to defer naturity for a furtherReuter - 63 words
-
118 1977-10-10 5 Reuter SYDNEY, Sun. Steamships Trading Co said it received a statutory notice of substantial shareholding by nominees of John Swire and Sons Pty., who have acquired two million shares, equal to 13.5 per cent of Steamships' 14.82 million nominal 50 toea par Issued capital.Reuter - 118 words
-
278 1977-10-10 5 Reuter NEW YORK, Sun. The New York Stock Exchange said its board of directors has approved changes in exchange margin rules to conform with recent amendments to the Federal Reserve Board's RegulatlonThe exchange said Its rules changes would create uniformity In initial margin requirementsReuter - 278 words
-
Article225 1977-10-10 5 Reuter PITTSBURGH, Sun. US Steel Corp expects lower third quarter and 1977 year earnings, a spokesman for the corporation said. The spokesman, who was speaking in response to an enquiry, declined however, to estimate the decline. In the 1976 third quarter. US Steel earned US$l.3BReuter - 225 words
-
119 1977-10-10 5 Reuter SAN FRANCISCO. Sun. BankAmerlca Corp earnings for the nine months will exceed the 12 per cent increase reported for the six months period, president A. W. Clausen told a meeting of Investment analysts here. Mr. Clausen said he expects a 15 per centReuter - 119 words
-
355 1977-10-10 5 SUMITOMO Electric Industries chairman Isamu Sakamoto said the company is still expecting increases of 15 per cent and 37 per cent respectively in non-consolidated sales and net income for the current year ending March 31, 1978 despite a slower than anticipated recovery355 words
-
Article115 1977-10-10 5 Reuter LONDON. Sun. British Petroleum said the Attorney General of Zambia is seeking 5.5 billion kwacha damages from BP and 16 other defendants, including four other major international oil companies. The claims, set out in a writ issued by the High Court for Zambia IncludeReuter - 115 words
-
Article68 1977-10-10 5 Reuter MANILA, Sun. Security Exchanges Commission chairman Angel Limjoco said he hopes that Manila's three stocks exchanges will be linked into a single system within two years. In an Interview with the Times-Journal newspaper, he said the Intention was not to merge the markets which operate inReuter - 68 words
-
Article205 1977-10-10 5 Reuter NEW YORK. Sun. The Municipal Assistance Corp for New York City said it is studying possible methods of re-financing some of its and the city's outstanding debt. On re-financing of its own bonds, MAC said it is currently considering alternatives to refunding up toReuter - 205 words
-
Article157 1977-10-10 5 Reuter LONDON, Sun. Bank of Tokyo president Yasuke Kashlwagi said here his bank has reached agreement with its three partners in Western American Bank (Europe) Ltd to take a controlling 51 per cent stake in the bank, with Bank of Tokyo's San Francisco subsidiary, California FirstReuter - 157 words
-
-
OVERSEAS
-
378 1977-10-10 5 Upi WASHINGTON, Sun. Some big oil companies get so many tax breaks that the government in effect provides them "hupe welfare payments," Senator Edward Kennedy charged over the weekend. Sen. Kennedy released a report by the Library of Congress which examined the tax benefitsUpi - 378 words
-
197 1977-10-10 5 AFP TOKYO, Sun. Japan is ready to limit its steel exports to the American market in exchange for a curtailment of the Japan—US arrangement restricting colour TV shipments from three years to one year, it was reported here yesterday. The report, carried by theAFP - 197 words
-
186 1977-10-10 5 AFP TOKYO, Sun. Prolonged negotiations between Japanese sugar refiners and Australian sugar growers over the refiners' request for a price cut are now In the final phase, according to the Australian chief negotiator. Mr. John Laurie, sugar manager of CSR Limited, sales agent forAFP - 186 words
-
177 1977-10-10 5 AP LIMA. Sun. Peru's leftist military rulers yesterday unveiled the final version of an ambitious plan to stimulate the country's lagging economy and decentralise the government before power is given back to a civilian government in 1980. The plan, known as Tupac Amaru after aAP - 177 words
-
Article100 1977-10-10 5 AFP NEW YORK. Sun. Sixtythree ships were blocked yesterday In Atlantic Ocean and Gulf of Mexico ports as a result of a week-old strike by 50,000 dock workers. The US Federal Maritime Administration (FMA) said the hardest hit port was New Orleans, the largest afterAFP - 100 words
-
476 1977-10-10 5 NYT PARIS, Sun. European monetary officials were taken by surprise on Friday when the president of the Common Market Commission publicly launched a new drive to give the nine member countries a single currency that could rival the dollar as a pillarNYT - 476 words
-
Article267 1977-10-10 5 AFP VILLER LE TEMPLE (Belgium), Sun. The entry of Greece, Portugal and Spain into the European Economic Community (EEC) would cost the existing nine members between US$l,3OO and $2,200 million (553.172 and $5,368 million) a year, Informed sources said here yesterday. Experts reportedly gave these figuresAFP - 267 words
-
-
Page 5 Advertisements
-
Advertisement207 1977-10-10 5 Success in today's world of business calls for a constructive approach to financing, a sound knowledge of the available markets, and original ideas. These are the strategic qualities that Wardley can provide throughout Asia. Wardley Limited, backed by the resources and experience of The Hongkong Bank Group, can offer financial207 words
-
-
COMPANY NEWS
-
509 1977-10-10 6 JUDGING from the Interim results, Allied Chocolate Industries appears all set to turn In a record profit for the current year ending Dec 31, 1977. Group pre-tax profit of $912,000 for the six-month period ended June 30, 1977 not only represents the highest509 words
-
Article, Illustration33 1977-10-10 633 words
-
227 1977-10-10 6 PEGI Malaysia has shown little Improvement In Its performance for the first half-year to June 30, 1977 reflecting the lack of growth of its associate company, Pan-Electric Industries, in which it has a 46 per cent stake and contributes the bulk of group revenue.227 words
-
Article492 1977-10-10 6 Current Ex Date Total for Total for payment Date payable the year previous year Jack Chia-MPH 10% Sept 19 Oct 10 10% 8% Hume F.E. 5% Sept 19 Oct 10 10% 9%<a) BaU 6%I Sept 1 Oct 10 6%I 18% Prima 6%(I)TE Sept 27 Oct 11 6%I(TE) 22.5%(a)492 words
-
COMPANY MEETINGS
-
31 1977-10-10 6 THE following company meetings are due: Oct 15 at 12.00 noon at the Registered Office, No. 22 (Upper Floor of No. 20). Jalan Gelanggang, Malacca.31 words
-
Article22 1977-10-10 6 0ct..17 at 11.00 a.m. at the Registered Office, 12th floor, Fitzpatrlck's Building, 86 Jalan Raja Chulan, Kuala Lumpur.22 words
-
Article15 1977-10-10 6 Oct 24 at 11.00 a.m. at the Registered Office, 15, Claymore Drive, Singapore.15 words
-
Article24 1977-10-10 6 Oct 24 at 3.00 p.m. at the Registered Office, Lot 6.08 C, 6th Floor, Wlsma Central, Jalan Ampang, Kuala Lumpur 04-07.24 words
-
Article14 1977-10-10 6 Oct 26 at 12.00 noon at 45-47 Robinson Road, Singapore, 1.14 words
-
23 1977-10-10 6 Oct 26 at 3.00 p.m. at the 4th Floor, Bangunan Yee Seng, 15, Jalan Raja Chulan, Kuala Lumpur.23 words
-
Article20 1977-10-10 6 Oct 26 at 3.00 p.m. at the Registered Office, No. 50 Jalan Ampang, Kuala Lumpur.20 words
-
Article22 1977-10-10 6 Oct 27 at 10.00 a.m. at Hotel Merlin Kuala Lumpur, No. 2 Jalan Sultan Ismail. Kuala Lumpur 0404.22 words
-
Article21 1977-10-10 6 Oct 27 at 11.00 a.m. at the Registered Office, Wlsma Mega, 2nd Mile. Jalan Batu Tlga Lama. Kelang.21 words
-
-
Article2502 1977-10-10 6 1*77 High Low Company Last Sale Week' ♦orGr'i Div Div CVT Gr'i Y'ld Net P/E Week Vol C000) Week Hiffh Low SECTION ONE INDUSTRIALS 154 204 116 238 88 198* 169 224 414 171 135 172 58 212 57* 155 152 182 350 145 Acma2,502 words
-
-
Page 6 Advertisements
-
Advertisement177 1977-10-10 6 Confront Singapore's decision makers in Business limes 9 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 these177 words
-
-
INTERNATIONAL STOCK MARKETS
-
Article448 1977-10-10 7 TOKYO: The market fell sharply on heavy liquidations on Saturday, with Investors discouraged by the ven's strong overnight rise, dealers said The Dow Jones average fell 50.55 to close at 5,181.06 with volume 210 million shares The New Index closed at 382.23. down 2.78. Export-orientated shares led the fall,448 words
-
Article318 1977-10-10 7 AMSTERDAM: Shares closed generally firmer on Friday, with Hoogovens and Unilever each 1.40 guilder higher and Royal Dutch 0.50 guilders up in Dutch internationals while Akzo and Philip* were unchanged, bourse sources said. Elsewhere, HAL was very firm, closing almost five guilders higher Ballast-Nedam was 4.70 guilders higher, to318 words
-
Article162 1977-10-10 7 BRUSSELS: Belgian shares were mostly higher In quiet trading on Friday, following Wall Street, bourse sources said. Cobepa, Asturienne, Hobo ken, Wagons-Lits and UCB all rose, but Clabecq, St Roch and CBR fell. UK shares were tended lower, most German and Dutch rose, Canadian and French were mixed. and162 words
-
Article166 1977-10-10 7 MILAN: The market closed mixed in selective, moderate trading on Friday, dealers said The Bourse Commission confirmation of carryover reporting requirement by bourse operators as from Dec 15 strengthened cautious sentiment, they added. Pirelli Spa, Snia Viscosa were leading industrials to show gains while Fiat, both Olivetti, Pirelli EC166 words
-
Article326 1977-10-10 7 ZURICH: The market closed very steady in selectively active turnover on Friday, dealers said. The Credit Suisse index rose 1.4 points to close at 245;4. Major banks were mixed with a firmer undertone after Thursday's strong gains. Kreditanstalt and beaerr lost an initial gain and edged lower on balance,326 words
-
Article302 1977-10-10 7 FRANKFURT: The market closed slightly higher on Friday, although profit-taking trimmed earlv gains, and operators are fairly confident the firm tone will continue next week, dealers said. Siemens was again stronger, gaining 2.40 marks while engineerings rose up to two marks. Karstadt led stores up to 3.80 marks firmer.302 words
-
Article394 1977-10-10 7 JOHANNESBURG: Gold shares were mixed on Friday, dealers said. Local support moved selective shares higher while other issues were lower on lack of interest. Financial minings were generally unchanged. Elsewhere, De Beers declined to 497 cents (503). Platinums were mixed, asbestos easier, while coppers were at previou levels. In394 words
-
Article323 1977-10-10 7 TORONTO: Prices ended firmer in fairly busy trading on Friday, despite the negative influence of US prime rate increases and softer Wall Street prices. The composite index was up almost two points and advances outnumbered declines 187 to 154. The metals index was up more than six points following323 words
-
Article1254 1977-10-10 7 On Oct 7 TRADING in options on the Chicago Board Options Exchange came to 09,386 contracts on Friday, compared with 72,450 contracts on Thursday. OPTION OCT JAN APL 8TOCK Alcoa 40 NOL 5 UNTRD 44 3/4 Alcoa 4S 1/2 21/8 3 44 3/4 Alcoa 50UNTRD 9/16 11/81,254 words
-
Article1077 1977-10-10 7 NEW YORK: A round of prime rate increases on Friday, although expected, cut short a morning rally and sent the market to a lower finish in very light trading. The market began the day on an upbeat, encouraged by the news that US unemployment unexpectedly dropped to 61,077 words
-
Article392 1977-10-10 7 PARIS: The market tended firmer In moderate activity on Friday, encouraged by the National Statistics Institute forecast of a fall of 7 per cent year-on-year Inflation later this year or early next and by the unchanged call money rate, dealers said. Banks, property, electrlcals, investments and foods, notably Carrefour392 words
-
Article63 1977-10-10 7 FINANCIAL TIMES INDUSTRIALS Friday 517.2 Thursday 518.7 Week Ago 520.7 DOW JONES AVERAGE INDUSTRIALS Friday 840.35 Thursday 842 08 Week Ago 847.11 LONDON DOLLAR PREMIUM Friday 91% to 92% Thursday 92 to 92 Vi H.K. HANG SENG Friday 423.48 Thursday 425.42 Week Ago 417.00 SYDNEY INDUSTRIALS Friday 362.58 Thursday63 words
-
Article366 1977-10-10 7 NYT STOCK prices on the New York Stock Exchange formed a sawtooth pattern last week and finished on a weakening trend, while prices In the bond market the ultimate refuge for a growing army of Investors also moved lower. The Dow Jones Industrial average finished at 840.35,NYT - 366 words
-
Article271 1977-10-10 7 Reuter THE Sydney share market ended the week on a mixed note with the All Ordinaries Index showing an improvement. The metals and mining slipped back to near the year's Tow set early last week. Federal election speculation cannot be held to blame for the falls,Reuter - 271 words
-
Article337 1977-10-10 7 AFP TOKYO stock prices, dampened by the yen's steep appreciation threatening to cut deep into export earnings of Japanese business, fell sharply In fairly active trading last week. The Dow-Jones average of 225 selected issues plunged 200.16 yen to 5,181.06 yen, almost wiping out its heavy 117.56 gainAFP - 337 words
-
-
Page 7 Advertisements
-
Advertisement544 1977-10-10 7 BUSINESS TIMES Airline Directory Aeroflot Soviet Airlinas 110-112 Shaw Contra, Orchard Road, Singapore 9 (T«4: 377.111) 302-B, 3rd Floor, Marina Houm Shonton Way, Singapore (1) (Tel: ******8) Ground. Floor, ICS Building, Shonton Way Singapore 1 (Tel: *****11) India 16th Floor, UIC Building, Shonton Way, Singapore 1 (Tel: 2205.277) Air New544 words
-
-
COMMODITY REPORTS AND PRICES
-
Article210 1977-10-10 8 LONDON, Sun. Market talk of an Impending US strategic stockpile announcement sent terminal rubber sharply higher at mid-afternoon on trade and shortcoverlng, dealers said on Friday. Prices closed at or near the day's highs at 0.20 pence up from Thursday to 0.15 pence lower. The official tone210 words
-
Article159 1977-10-10 8 THE Straits tin price in Penang on Saturday was down $85 dollars to $1,760 on an official offering down 23 tonnes to 177 tonnes. In LONDON on Friday, tin finished the day with losses of £60 for Cash and £42 for Three Months while high grade fell by159 words
-
Article372 1977-10-10 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICt'L ON SATURDAY. Coconut Oil Bulk WO sellers, old drum $85 sellers, new drum $90 sellers. Copra Mixed (loose) UK/Cont $51 buyers Pepper Muntok ASTA white f o b. 100% NLW $425 sellers. Sarawak white f ob 96% NLW $405372 words
-
Article66 1977-10-10 8 Friday Pre Malaysia 5% ffa bulk 455 sir 453 Dec Sumatra 5% f f a Sept 555 sir 530 Oct 555 slr/520 pd 500 Nov 485 slr/477.50 pd 475 vtoua sir air slr/405 pd. slr/487 v* pd December 485 sir/480 pd 480 January 480 slr/450 pd 455 Feb66 words
-
Article49 1977-10-10 8 Oct 3 Oct 4 Oct 5 Oct 6 Oct 7 Oct 8 Tin $1781 $1,796 $1,818 $1,830 $1,845 $1,760 Tonne 195 211 211 200 200 177 Rubber(S) 212.00 214.00 214 25 215.75 214.75 I f Rubber(M) 213.50 216.00 216.00 219.25 217.50 f cents per kilo perpicul49 words
-
Article254 1977-10-10 8 LONDON, Sun. Copper wlrebars on the day gained £6.50 for Cash and £5.50 for Three Months on Friday. The market erased earlier losses on pre-weekend shortcoverlng prompted by the sharp advance at New York, dealers said, with three months trading up to £709 per tonne in late ring dealings.254 words
-
Article36 1977-10-10 8 LONDON, Sun. Lead rose by mostly £2.75 per tonne on Friday. Moderate shortcoverlng was prompted by the firmer tone in copper with three months trading up to £349.50 per tonne on sales of 1475 tonnes.36 words
-
Article37 1977-10-10 8 LONDON, Sun. Zinc rose by £4.75 for Cash and £4 for three months on Friday. Values were marked up in line with copper and lead although trading was slow. Sales of 2525 tonnes were mainly carries.37 words
-
Article372 1977-10-10 8 BANGKOK, Sun. The rice market was again inactive during the week, trade sources said. The Commerce Ministry has agreed to sell to South Yemen on a government-to-government basis 6,000 tonnes of parboiled rice 10 per cent for Oct/Nov delivery. The deal is worth US$l.7 million and the agreement would372 words
-
Article124 1977-10-10 8 LONDON, Sun. Coffee prices on Friday morning opened the morning £4 higher to £4 lower In light trading with a turnover of 196 lots. Volume totalled 1232 lots. Traders said the market was nervous following two days of very wide price swings. In NEW YORK on Friday, coffee futures124 words
-
Article581 1977-10-10 8 Source: Singmes Source: Swiss Bank Corporation, Zurich FOLLOWING the higher closing in New York, the kllobar in Singapore opened higher at 5512,212. Prices proceeded to move higher and closed at 5512,245. In the London market, the metal opened at U*****.10/ 30, with good support In Hongkong. The metal driftedSource: Singmes; Source: Swiss Bank Corporation, Zurich - 581 words
-
Article132 1977-10-10 8 LONDON*, Sun. Silver on the day lost 0.7 to 0.6 pence per troy ounce on Friday. The steadier trend In gold helped support the market around end-morning levels although trading was thin at only 31 lots. Spot silver closed at 263.00/264.00 pence per ounce, slightly lower than Thursday's 263.50/264.50132 words
-
Article136 1977-10-10 8 LONDON, Sun. Terminal opened L' 2.25 to £0.90 per tonne down on Friday. Sales totalled 688 lots. Futures closed £2.75 down to unchanged in sales of 2,875 lots. Dealers said the market generally remained depressed In the nearer positions due to the ample nearby supply situation. In NEW YORK136 words
-
Article149 1977-10-10 8 LONDON, Sun. Weekend shortcoverlng lifted cocoa futures late on Friday morning and values finished at or near the session's highs with gains of £37 (near Dec at £2,507 bid) to £7.50. Near Dec traded to £40 limit up levels at £2,510 without actually sustaining the limit movement. The turnover149 words
-
Article71 1977-10-10 8 CHICAGO, Sun. Soybean futures recovered from a mldsesslon slump on Friday to close with gains from Thursday of 3V4 to V 4 cents a bushel. Trade sources said rain through the midwest was the major supporting factor on the opening and at day's end. In between, volume thinned and71 words
-
755 1977-10-10 8 THE world coffee market crashed last week under selling pressure prompted by a series of bearish developments which could well have a far reaching effect on the Internationally accepted beverage at the breakfast table, to say nothing of lunch, dinner and supper.755 words
-
Article171 1977-10-10 8 CHICAGO, Sun. Wheat futures closed lower on Friday. failing to respond to late rallies in the corn and soybean pits. At the close, prices were mostly 3-3/4 to three cents a bushel down. Trade sources reported good amounts of spreading between the corn and wheat pits during the session,171 words
-
-
MONEY AND EXCHANGES
-
Article180 1977-10-10 8 US Treasury Secretary Michael Blumenthal's prediction of a massive deficit on current and trade accounts weakened the dollar especially against the mark and yen in the Singapore forex market last week. The dollar touched a new low of 258.05 against the yen and a low of 2.2870/80 against the180 words
-
Article45 1977-10-10 8 Al'Bl 7 6*« 6«. 7 7 HSBC 6*« Bank of America 6»< Indoturz ..6*4 Bank of China 7 Malayan Banking 7 6 1 6 l Bank Ncgara OCBC 6*. 7 Ol'B 7 7 UCB .7 7 L'MBl' 7 DBS 7 LOB 745 words
-
Article316 1977-10-10 8 Asian rates THE market was generally nervous throughout week. Earlier, a rise of 3/16 1/4 per cent in periods was seen after a prime rate increase of 1/4 per cent to 7 1/2 by a west coast bank which started off possible. Increases by other large US banks. Rates however316 words
-
Article335 1977-10-10 8 Source: International Discount Co Ltd. THE money market remained generally steady throughout the week. Overnight was mainly traded around the 5 to 6 per cent level while the three and six months deposits were steady at 5-11/16 9/18 per cent and 5-13/16 5-11/16 per cent respectively. Discount housesSource: International Discount Co Ltd. - 335 words
-
Article40 1977-10-10 8 FOR the week ended Friday Oct 7 the range of call rates received from Short Deposits (M) Berhad was as follows: BANK FUND 3% to 4* GENERAL FUNDS 3*H to 4fc%. Movements of funds totalled $604 million.40 words
-
Article615 1977-10-10 8 Source: Swiss Bank Corp. Zurich. ZURICH, Sun. The Japanese yen showed a sharp upward movement during the last week and In "its wake European currencies strengthened too. The yen increased from 264.50 to 258.25 against the dollar, and the dollar/ Sfr. rate fell from 2.3390 to an all timeSource: Swiss Bank Corp. Zurich. - 615 words
-
Article210 1977-10-10 8 NEW YORK, Sun. The dollar closed generally lower than opening levels In quiet trading, after it was unable to sustain a brief mid-day recovery, dealers said on Friday. It opened sharply down on concern about US trade and payments deficits and extended its losses before a round of210 words
-
Article84 1977-10-10 8 Source: Astley Pearce RATES opened firm last week In a rather cautious market. Day to day funds were Initially traded at the 7 6 per cent level but after mid week saw overnight rates slacking off. In the periods, one month was quite active with a keen lenderSource: Astley & Pearce - 84 words
-
Article252 1977-10-10 8 LONDON. Sun. The dollar recovered slightly In late trading responding to the generalised V* point rise In leading US prime rates while sterling weakened and the yen came off Its highs, dealers said on Friday. Sterling closed lower at $1.7587/ 89 compared with Its mld-sesslon $1.7598/ 1.7600 after the252 words
-
Article169 1977-10-10 8 Euro rates LONDON, Sun. Eurodollar deposit rates closed little changed from opening levels after a quietly steady session ahead of the long US holiday weekend, dealers said on Friday. An additional factor dampening trade was that settlement today is effective for the same day as Thursday because of the holiday169 words
-
Article43 1977-10-10 8 FRANKFURT exchanges closing quotes on Oct 7 US 2 2897/ 2907 Can 2.1068/ 88 UK 4.028/ 035 Neth 93.80/ 90 Swltz 99 10/ 20 Italy 2.595/ 605 France 47.00/ 10 Japan 0J8905/ 25 Belg com 6.45/ 47 Belg fin 6.45/46 Norw 41.78/8643 words
-
-
Page 8 Advertisements
-
Advertisement168 1977-10-10 8 it MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE < I j ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia.168 words
-
-
MONDAY SPORTS
-
Article, Illustration484 1977-10-10 9 US ATHLETES NYT NEW YORK. Sun. One year after the United States Olympic Committee decided to pursue the intricacies of sports medicine, dramatic results have been uncovered to assist America's amateur athletes. In some cases, the dlcoveries are likely to reshape entire training procedures leadingNYT - 484 words
-
Article116 1977-10-10 9 DR. TAN ENG LIANG, Senior Minister of State for National Development and Chairman of the Singapore Sports Council will officiate at the opening ceremony of the first Pan Pacific C o ng ress in Sports Medicine at the Singapore Hilton on Tuesday, Oct 11, 1977 at 9116 words
-
Article493 1977-10-10 9 E. FRIDA - By E. FRIDA TALIB Haron, the most experienced amateur golfer In Singapore, effortlessly retained the Keppel Oolf Club title for the sixth year running at Buklt Course yesterday. Stocky Talib won the championship wlh eight strokes to spare with a three-round aggregate493 words
-
497 1977-10-10 9 UPI ENGLAND. Sun. Australian Graham Marsh crushed American Ray Floyd 5 and 3 yesterday in a relentless march to his first-ever world match play gold title and the U5552,500 first prize. It was a fitting end to four days of flawless golfUPI - 497 words
-
1137 1977-10-10 9 LONDON, Sun. When lone yachtsman Prasanta Mukherjee was winched abroad a Royal Air Force helicopter recently from his sinking. 40-year-old sloop Chlnta. an English Coastguard officer was asked why he was ever allowed to sail for Calcutta. "We did try to dissuade1,137 words
-
Article93 1977-10-10 9 NEW JERSEY, Sun. China and the Cosmos, champions of the North American Soccer League, played to a 1-1 tie yesterday at the Giant's Stadium. After a scoreless first half, Giorgio Chlnaglla took a pass from Tony Field in the seventh minute of the second93 words
-
Article350 1977-10-10 9 HUGH McILVANNEY - By HUGH McILVANNEY The Observer CELEBRATION, not competition had to be the essence of the occasion when Peie, who ia for all, but a pedantic minority, the greatest footballer ever to hick a ball, aaid hia farewell to the game in New York laat week.The Observer - 350 words
-
Article, Illustration690 1977-10-10 9 NYT NEW YORK. Sun. Speedo has an advisory board of 36 coaches and pays them up to US$2O,OOO a year. For that money, the coaches advise on swim suits, give an occasional clinic and make sure their swimmers wear speedo suits inNYT - 690 words
-
-
Page 9 Advertisements
-
Advertisement151 1977-10-10 9 T^SINC £>U SINGAPORE ness SINGAPORE MC(P) 162/V77 VOL.I NO 9 SEPTEMBER 1977 INDEX T*o-Year Comuiatwe MANUFACTURING Confectionery communicatkjws Air Sa'ety HWtST*tMT jirvno E"'e r P flSes TOU*»»M Asea n Travel UfC AT THE TO* Joseph Nah»>os»en j jjM U'ym r!'' > _~V.^ TO KMfr 4*4 t Heading Anott*' < Recess"®"151 words
-
-
1011 1977-10-10 10 GLOOMIER U.S. ECONOMIC FORECASTS NYT WASHINGTON, Sun. New, gloomier economic .forecasts are under review by the Carter Administration in an exercise that could lead to shifts In tax and budget policies. The new forecasts, discussed In a meeting of President Carter's top economic policyNYT - 1,011 words
-
Article106 1977-10-10 10 UN SOON HUAT Pte Ltd (As ordered $1.3 million jiprth of welding equipment and electrodes from Lincoln Australia. •'lts managing director, Mr Peter Lim, said that this •rder is part of a large consignment that will cater for Se continuous demand by refineries, rig builders, •hipyards,106 words
-
Article85 1977-10-10 10 AP HONGKONG, Sun. A wholly-owned merchant banking subsidiary of the Mitsui Bank of Japan will be set up In Hongkong on Oct 17 to serve the roughly 360 Japanese companies and joint ventures operating here, the bank announced. The new bank, Mitsui Finance Asia, willAP - 85 words
-
1050 1977-10-10 10 BRITISH brokers James Capel have come out strongly with recommendations to buy shares of Jardlne Matheson and Co the largest of the Hongkong hongs. In an 18-month study which spans the huge conglomerate's trading and manufacturing activities in Asia, Australia, Europe and America, the1,050 words
-
285 1977-10-10 10 AFP KUALA LUMPUR, Sun. A wide range of Malaysian manufactured goods have now been added to the list of exports eligible for export credit financing facilities offered by Bank Negara. The wider coverage of goods was in response to appeals by Malaysian manufacturersAFP - 285 words
-
Article76 1977-10-10 10 AFP LONDON, Sun. The Funeral Workers' Union will meet the National Association of Funeral Directors again today to try to end a strike which caused the postponement of 200 funerals In London over the weekend. The strike started last Monday in support of aAFP - 76 words
-
Article47 1977-10-10 10 THE Singapore Technical Institute Is having an open house today and tomorrow from 9 am to 5 pm. Course projects made by the trainees will be on display and talks will be given on technical career opportunities, training programmes and facilities available at the institute.47 words
-
Article242 1977-10-10 10 RUBBISH WHAT A LOAD OUTPUT of Singapore's dally refuse now 2,000 tonnes will increase tnree times to 6,000 tonnes by the year 2000. Out of the 6,000 tonnes, 50 per cent will be from domestic and trade premises while the remainder will be from Industries and other sources. This was242 words
-
Article, Illustration506 1977-10-10 10 DEALS WON by British firms exhibiting at IMAC '77 could herald an era of sharply Increased British Investment in Singapore and a growing volume of trade between the two. The once battered British economy is now on the road to recovery. The country506 words
-
Article231 1977-10-10 10 THAILAND'S Investment and business climate has Improved since last year, according to Mr. Wlra Srlratana. legal adviser to the Thai Board of Investment. He said: "This Improvement has resulted from the fact that prospective Investors and businessmen have gained greater confidence In the political and economic231 words
-
173 1977-10-10 10 A BRITISH computer expert, Mr. Michael Braithwaite, has suggested that medium-sized Singapore firms should now consider using computers for their operations. This Is because the cost of computer equipment has dropped at "such a dramatic rate" that It would be practical for these firms173 words
-
399 1977-10-10 10 AP MANILA, Sun. The Philippines registered a balance of payments surplus of US$lB7 million (***** million) during the first nine months of this year, compared to a deficit of $98 million for the same period In 1976, the Central Bank announced. While the economic outlookAP - 399 words
-
Article559 1977-10-10 10 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKG SAS SK097 0640 CPH/THR/BKK MAS MH682 0810 KCH CPA CX710 1000 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK SIA SQ211 1045 HLP GIA GA944 1055 PKU GIA GA908 1100 MES PAL PR501 1115 MNL559 words
-
Page 10 Advertisements
-
Advertisement97 1977-10-10 10 Hi jgj 1 TOP LEVEL EXECUTIVE resident in Singapore, 17 years experience in South-East Asia, with long-established and successful trading company, now seeks new appointment ottering him greater scope. Assets include proven record of marketing skills covering consumer products to electrical and engineering equipment, planning and development of marketing strategy97 words
-
Advertisement239 1977-10-10 10 I f 4: 1 V A A r $37/per copy .'j 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 the239 words
-