The Business Times, 19 October 1977
1977-10-19
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The Business Times
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Title Section10 1977-10-19 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, OCTOBER 19, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article58 1977-10-19 1 UPI CANBERRA, Tues. Prime Minister Malcolm Fraser today said he was pleased at the developments in the negotiations on the AustraliaJapan sugar contract talks in Tokyo. Mr. Fraser was commenting on an interim settlement between Australian sugar producers and Japanese importers regarding Australian sugar which has beenUPI - 58 words
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Article61 1977-10-19 1 Reuter TOKYO, Tues. Japan today signed a contract to lend Indonesia 504 million yen (514.9 million) for conservancy work on the Brantas river In eastern Java, the Foreign Ministry announced. The loan from the government's Overseas Economic Cooperation Fund will bear interest of 3 per cent per annumReuter - 61 words
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Article34 1977-10-19 1 ROME, Tues. Leading tea producing countries have made a significant step towards an international agreement to stabilise production and trade in tea, the UN Food and Agriculture Organisation (FAO) said today.34 words
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Article73 1977-10-19 1 UPI LONDON, Tues. The International Federation of Airline Pilots Association (IF ALP A) today sent out a call for a 48-hour strike next week to back demands for urgent action to prevent airline hijackings. The call came within hours of the German storming of a Lufthansa Boelng-737UPI - 73 words
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Article44 1977-10-19 1 UPI TOKYO, Tues. Textile workers held a rally here today demanding the government protect their Industry from the protracted business slump. Industry officials said they were worried the rising value of the yen would further weaken the Industry's International competitive power.UPI - 44 words
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Article68 1977-10-19 1 AFP NEW DELHI, Tues. About half of India's 600,000 coal-mine workers may be laid off because supplies of authorised mining explosives have been cut short by a month-long strike in a state-run plant, it was reported here today. A strike for higher pay by workers of the stateownedAFP - 68 words
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Article87 1977-10-19 1 UPI -x.* .r NEW YORK, TUes. Stocks headed slightly higher early today with bargain hunters finding prices of many Issues attractive in the wake of the market's year-long slide. Trading was moderate. The Dow Jones industrial average, which lost 1.30 points yesterday was ahead 0.87 point to 821.21UPI - 87 words
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Chief Price Changes
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Article, Illustration166 1977-10-19 1 LISTLESS and easier conditions persisted on the Stock Exchange of Singapore yesterday. Losses on balance averaged about one per cent. A few firm spots saw small turnover largely on shortcovering account. At the close, the Business Times index shed 1.07 points to 410.61 and the Straits Times166 words
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Article109 1977-10-19 1 Falls Most active Tronoh 5.85 -.20 Oiyuipia 135,000 O Ceramics 80,foo D. Keramat 8.15 -.15 Petallng O.C.B.C. 6.00 6.20 -.10 -.10 High and low 70.000 C. Securities 61,000 Temenggonf M. Mosaics r i.8o 1.50 -.08 -.07 Total Turnover: 1.28 M Total Value: M92.30 >1 8f. Bagan Kemayan109 words
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Article797 1977-10-19 1 COLIN CHEE - FUELLED BY WEAK DOLLAR By COLIN CHEE THE price of gold hit a twoyear high yesterday in the wake of the continued selling pressure on the US dollar. In Singapore, gold touched US$l62, while In London It hit $161.125 the highest since Aug797 words
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Article122 1977-10-19 1 INVESTMENT promotion is a loss-making proposition, as the Economic Development Board report shows. For the year ended March 31,1977, the EDB lost nearly $5.6 million, slightly more than the $5.4 million It lost the year before. But the deficits were gladly made up122 words
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Article31 1977-10-19 1 KUALA LUMPUR, Tues. A world-wide survey of ■potential markets for rubber products manufactured m Malaysia is now underway, the annual conference of rubber planters was told here today.31 words
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732 1977-10-19 1 MANY bankers and business houses yesterday welcomed the plan to establish a credit information bureau here. They agreed the bureau, proposed by a study group, headed by the Monetary Authority of Singapore, will strengthen the national banking system by improving the credit information system. The732 words
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307 1977-10-19 1 Reuter LUXEMBOURG, Tues. Japanese firms hit by recent protective measures taken by the Common Market have struck back by challenging their validity In the EEC's own Court of Justice here, court officials said today. In a formal complaint to the court, three main Japanese motorcycleReuter - 307 words
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Article158 1977-10-19 1 IN A move which could foreshadow new and expanded banking operations, the International Bank of Singapore (IBS) has acquired its own building in Raffles Place. The IBS recently bought over the former banking premises of the Bank oif America and is now believed to. be158 words
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Article97 1977-10-19 1 AP TOKYO. Tues. Deputy Prime Minister Brian Talboys of New Zealand said today bis country wants to export more beef and dairy products to Japan. Mr Talboys. who Is also Minister for Foreign Affairs and Minister of Trade, mito the statement at a news conferenceAP - 97 words
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227 1977-10-19 1 SINGAPORE'S consumer prices are still on the rise with the September figures 0.7 per cent higher than the month* before. This marks the fifth straight advance by the index over as many months. Since April, when the overall Consumer Price Index (CPI)227 words
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618 1977-10-19 1 RONNIE LIM - ■y RONNIE LIM AUSTRALIAN manufacturing Investments In Singapore have not been very significant, In terms of gross fixed assets, compared to countries like the ITS, Japan and certain EEC countries. Nonetheless, there has been a larger Australian Inflow during the last couple of years,618 words
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Page 1 Advertisements
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Advertisement32 1977-10-19 1 From a hankie to a suit, you can count on Mohan's for dependable quality. MOHAN'S DEPT. STORE (PTE) LTD. 321 Ochacd Road "feT*****22 (next to Mandarin Hotel) Daily 9am-9pm SEE PAGE 1! |,/-^!*=!'/={)",);_)!`"[.}[,'<:32 words
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Advertisement132 1977-10-19 1 > Bunk uitth those and give yourself the those advantages. Theire 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 very132 words
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Advertisement240 1977-10-19 1 NOW' Cool healthy poMutnn-h* driving n POSSIBLE COOL. MASTER Pu«t»C£ Xv* CAR AM CONOmONSM AIR PUNFBt 5-IHKX.DHI'. Tel *****2 CHUNG SHAN MOTORS ?40 LAVENDER STREET Tel *****H0 Olivetti L *> .a flw A > M It 5# war-.* f Vk* V\l Sk 77?e Editor 4C—a robust yet very elegant machine.240 words
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OVERSEAS
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217 1977-10-19 2 Reuter WASHINGTON, Tues. Yields on US securities rose to 6.282 per cent for threemonth bills and 0.496 per cent for six-month bills at the latest weekly auction, the Treasury said. That compared to an average effective yield of 0.156 per cent for theReuter - 217 words
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Article293 1977-10-19 2 Reuter WASHINGTON, Tues. US business Inventories rose US$2.6 billion (556.3 billion) In August after a $1.7 billion rise In July, the Commerce Department said. Total sales rose $2.8 billion, or 1.3 per cent compared with a 0.5 per cent decline in July. The Increase In InventoriesReuter - 293 words
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1693 1977-10-19 2 EUROMONEY HOISTS DANGER FLAG IN ITS first annual survey of the world economy, a British magazine, Euromoney, has predicted that the world Is on the brink of another great slump. In a survey covering 20 major countries and 200 forecasts, Euromoney says1,693 words
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241 1977-10-19 2 A TWO-DAY conference on "European business In world development" will be held In London from Oct 31 to Nov 1. The conference, arranged Jointly by the British National Committee of the International Chamber of Commerce and the Financial Times, will discuss practical commercial241 words
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330 1977-10-19 2 AFP WASHINGTON, Tues. Imports of cotton, wool and man-made fibre textiles Into the United States reached 42.6 million square metres In August, 9 per cent higher than In July and 19 per cent above the figure for August 1976, the US Department ofAFP - 330 words
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462 1977-10-19 2 NYT WASHINGTON, Tues. The House of Representatives yesterday overwhelmingly approved an 18month moratorium on a ban on saccharlhe proposed by the Food and Drug Administration. The Senate approved the moratorium last month, but unlike the House, It would require a label warning thatNYT - 462 words
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1042 1977-10-19 3 DEMAND FOR CLEARER POLICIES NYT HOT SPRINGS (Virginia"), Tues. More than 100 of the nation's top corporate executives have confirmed quite vividly the marked dechne since last spring In business confidence. This was revealed In two recent national surveys by the Conference Board and DunNYT - 1,042 words
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192 1977-10-19 3 Reuter LUXEMBOURG, Tues. The Luxembourg Government's plan to Improve operating conditions for foreign Euromarket banks is Intended to bring the Grand Duchy into line with other International financial centres like Zurich and London, Finance Minister Jacques Poos said. He said after the meetingReuter - 192 words
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Article48 1977-10-19 3 Reuter WASHINGTON, Tucs. Members of President Carter's Cabins are to make speeches to support his energy programme, White House spokesman Jody Powell said. The campaign, aimed at reversing several serious defeats inflicted by Senate committees, was discussed at a special Cabinet meeting yesterday, he said.Reuter - 48 words
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674 1977-10-19 3 Reuter FRANKFURT, Tues. Dresdner Bank AO said it cannot rule out a further strengthening of the mark on foreign exchange markets despite Its sharp rise In recent years. Only Switzerland enjoys lower Inflation, while the 12.8 per cent rate posted by European OECD membersReuter - 674 words
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Article154 1977-10-19 3 UPI WASHINGTON, Tues. The House of Representatives voted yesterday to increase from USI 100 to $250 (Ss24l to $600) the amount of foreign goods a US citizen may bring home duty free. Various other changes would be made in Customs laws, limits and procedures under the legislation, whichUPI - 154 words
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Article227 1977-10-19 3 Reuter JOHANNESBURG. Toes. The bullion marked are in a wy strong position and do not a»w subject to major spoculative activity, Gold Fields et South Africa Ltd deputy chairman Robin Pltunbridce said. He sakf in an interview that it is to be hoped that worldReuter - 227 words
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604 1977-10-19 3 wasnington star WASHINGTON, Tues. After weeks of negotiations, White House and congressional representatives have reached a tentative agreement on a proposed full employment Bill and sent It to President Carter for his approval. The proposed new version of a Humphrey-Haw-kins BUI calls for new orwasnington star - 604 words
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Article163 1977-10-19 3 Reuter ZURICH, Tues The Swiss National Bank said Its foreign exchange holdings fell 385 million francs (Ss4oB million) to 12.69 billion In the week ended Oct. 14. The bank said the fall was In part accounted for by the conclusion of reverse swaps JS3!Jd^' tJto<bsorb ceReuter - 163 words
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Page 2 Advertisements
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Advertisement152 1977-10-19 2 What's the big idea? You mean, for the December '77 issue of The Craft of Sound? 2S a a m m 6^ u i ft :YcJ ft C'mon, tell. Put all your cards on the table, man. f Special features on installing sound equipment in the car and how the152 words
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Page 2 Miscellaneous
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Miscellaneous329 1977-10-19 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Oct 18 at Singapore airport. Maximum Temperature 33.0° C Associated Humidity 61 Minimum Temperature 24.4° C Associated Humidity 98 Hours of Sunshine 10.65 Rainfall in Millimetres NU Total Rainfall for the Month 49.7 Total Rainy Days for the329 words
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Page 3 Advertisements
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Advertisement626 1977-10-19 3 Heavy equipment for earth moving, construction or logging projects... ervices If you're in the market for heavy equipment on any project contact Singapore Equipment Services. SES was incorporated in 1972 to represent manufacturers of all types of construction machinery and to provide supporting service and spare parts facilities. People Expertise626 words
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Page 3 Miscellaneous
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Miscellaneous615 1977-10-19 3 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 It's played during a Witches' Sabbath (5) Because It rhymes with mince (5) 9 Ropey artist I# It's very hard on Dick (5) 11 Better resort at the far end (5) 12 Divers' distortions? (5) IS Seats at predetermined starting-points (7) 3 Reversible615 words
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COMPANY NEWS
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Article746 1977-10-19 4 DESPITE THE depressed state of 'the property market, Slngapura Bullding Society hopes to at least maintain Its level of loans for the current year around those attained for SSn year ended June 30, Revealing this in the 1978/77 annual report, the chairman. Mr. Yap746 words
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Article380 1977-10-19 4 Current Ex Date Total for Total for payment Date payable the year previous year »Carlsberg Brewery 10%I Sept 29 Oct 21 10%I 10% Gold Coia 4%I Oct 10 Oct 21 4%I 11% UAC 7ty% Sept 8 Oct 24 16.4(7) v 14.4(a) Austral Amalgamated 50 Sept 30 Oct 25380 words
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COMPANY MEETINGS
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Article25 1977-10-19 4 THE following company meetings are due: Oct 21 at 12.15 n# p.m. at the Registered Office, Chartered Bank Chambers, Penang.25 words
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Article15 1977-10-19 4 Oct 24 at 11.00 a.m. at the Registered Office, 15, Claymore Drive, Singapore.15 words
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Article28 1977-10-19 4 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. a a a im28 words
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Article19 1977-10-19 4 Oct 24 at 2.30 p.m. at the Registered Office, 16, Jalan Tangsl, Kuala Lumpur 10-01.19 words
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Article14 1977-10-19 4 Oct 26 at 12.00 noon at 45-47 Robinson Road, Singapore, 1.14 words
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23 1977-10-19 4 Oct 26 at 3.00 6.m. at the 4th Floor, angunan Yee Seng, 15, Jalan Raja Chulan, Kuala Lumpur.23 words
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Article20 1977-10-19 4 Oct 26 at 3.00 p.m. at the Registered Office, No. 50 Jalan Ampang, Kuala Lumpur.20 words
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Article22 1977-10-19 4 Oct 27 at 10.00 a.m. at Hotel Merlin Kuala Lum£ur. No. 2 Jalan Sultan imall, Kuala Lumpur 0404.22 words
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Article21 1977-10-19 4 Oct 27 at 11.00 a.m. at the Registered Office, WLsma Mega, 2nd Mile. Jalan Batu Tlga Lama, Kelang.21 words
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LATEST RESULTS
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Article32 1977-10-19 4 Pre-tax loss MS192.648 (profit $253,506) for the year ended March 31, 1977. Depreciation charges $339,909 (1297,380). Tax nil ($93,824). Unappropriated profit now stands at $1.77 million ($1.98 million).32 words
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299 1977-10-19 4 KUALA LUMPUR, Tues. Peruda, a Joint venture between the Kedah State Development Corporation and the Urban Development Authority (Uda) will Implement housing and business projects costing M 510.7 million In various 6 laces In the state, Mentrl lesar Dato Sen Syed Ahmad Shahabuddln said yesterday.299 words
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Article1433 1977-10-19 4 On Oct 17 TRADING on the Chicago Board Options Exchange came to 90,212 contracts on Monday compared with 113,897 shares on Friday. OPTION OCT JAN APL STOCK Alcoa 40 NOL 1 7/8 4 1/8 43 1/4 AlCOa 49 UNTRD 1 1/4 3 1/18 41 1/4 Alcoa 901,433 words
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941 1977-10-19 4 COMPETITION HAS become so tough In the markets for building materials and steel products, that profit margins have all but vanished. This Is the "gist of the replies from Lien Hoe and Its 51 per cent owned quoted941 words
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984 1977-10-19 4 LUOANO: A word of warning to "moonlighters" people who work on the side in addition to having a regular Job: In a number of countries. Big Brother Is watching you. The authorities think that somebody among the many millions of men and women who984 words
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838 1977-10-19 4 LONDON, Tues. Defence of competitive services for the small investor or a dose of political needling for the City? These were the possible interpretations being canvassed of the government's unexpected reference to the Monopolies Commission of the planned merger of the large London stockjobbing concerns,838 words
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Page 4 Advertisements
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Advertisement172 1977-10-19 4 COLLECTINQ Oriental Antiomej by Judith Moorhouse and Dries Blitz f!3 V V 5 I KTAV 0 e& A3 V f W *>«r *1 Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that172 words
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INTERNATIONAL COMPANY NEWS
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Article450 1977-10-19 5 NORTH AMERICAN COMPANIES Reuter DUPONT said In reporting strong third quarter ana nine months earnings gains that on balance It believes the fourth quarter will be favourable. It said In its view, the US economy remains strong but the international outlook is less encouraging. In theReuter - 450 words
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137 1977-10-19 5 Reuter BAYER AG, the West German chemical and pharmaceutical concern, plans to offer to purchase all shares of Miles Laboratories at a net price of US$47 a share, the two companies said in a joint announcement. The Miles board of directors, at aReuter - 137 words
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Article122 1977-10-19 5 Reuter AMERICAN Motors said average prices on Its 1978 cars will be up 2.7 per cent or US$lO3 higher than comparable 1977 models. The company said option prices on 1978 cars were Increased an average of 6 per cent. American Motors said prices on all of ItsReuter - 122 words
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Article114 1977-10-19 5 Reuter ALCON Laboratories said Nestle SA Is proposing a tender offer for all its stock through a US subsidiary at US$42 per share, and the proposal has the approval of the Alcon board. The proposed offer would Involve about U*****.5 million if all shares were purchased, AlconReuter - 114 words
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Article209 1977-10-19 5 Reuter CHAMPION International repotted that net earnings for the third quarter this year rose 27 per cent to U5546.6 million on sales of $872.5 million from $36.6 million on sales of $874.8 million in the 1976 quarter. For the first nine months this year, net earningsReuter - 209 words
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Article192 1977-10-19 5 BURLINGTON Northern, reporting a third quarter loss of 29 cents a share, said disappointing grain movements and a drop In taconlte traffic due to the steelworkers' strike at mines In the upper midwest more than offset a 39 per cent increase in coal carloadings.192 words
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Article158 1977-10-19 5 Reuter SHELL Oil said crude oil has been discovered on a remote north Dakota wildcat well. It said additional evaluation and drilling will be necessary to determine the significance of the discovery. The well, Larson Number One, is located about 88 kilometres northwest ofReuter - 158 words
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Article143 1977-10-19 5 NET earnings at Raytheon Co., rose to U5530.07 million for the third quarter ended Oct 2, 1977 from $23.09 million In 1976. The earning of 97 cents a share In the quarter was achieved on sales of $696.9 million compared with 76 cents a share on sales143 words
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195 1977-10-19 5 Reuter PHILIP Morris Inc. said all five operating divisions contributed to the 26 per cent earnings growth and 17 per cent rise In sales In the third quarter this year. Net earnings rose to U5594.15 million or $1.57 a share from $74.54 millionReuter - 195 words
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Article189 1977-10-19 5 Reuter OPERATING net earnings at Manufacturers Hanover Corp. increased marginally by about 4 per cent to US$39.l million or $1.27 a share In the third quarter this year from $37.5 million or $1.26 a share in the 1976 quarter. The rise narrowed further at theReuter - 189 words
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Article80 1977-10-19 5 Reuter UNION Oil Co of California said it plans exploratory drilling off the shores of Nicaragua. The company said the first of three or more wells is expected to start drilling In late October when Global Marine's drilling vessel, Grand Isle, arrives. Drilling will be done In waterReuter - 80 words
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Article55 1977-10-19 5 Reuter THE 100 million mark Eurobond for Mexico's Commission Federal de Electrlcldad will have a maximum eight year maturity and wlTl probably carry a 7K per cent coupon, lead manager Westdeutsche Landesbankgrozentrale said. Redemption will start after four years, giving an average life of 6Vi years. Pricing willReuter - 55 words
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469 1977-10-19 5 NYT SUPERDOME Services, a company organised with Mayor Moon Landrleu's encouragement to give blacks a share in the profits of the Louisiana Superdome, was discharged last week by Hyatt Management. which took over the operation of the stadium three months ago. But theNYT - 469 words
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Article235 1977-10-19 5 EUROPEAN COMPANIES Reuter EINDHOVEN, Tues. Volvo Car BV said it needs 250 million guilders of government aid' to support further development but added it is surprised by a union suggestion the company would close down If the money was not forthcoming. The NVV tradeReuter - 235 words
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Article201 1977-10-19 5 Reuter BONN, T-ues. The Oerman Cabinet plans probably next week to discuss restructuring some government-owned banks. Finance Ministry sources said. Under discussion is a merger between the Deutsche Bau-und Bodenbank AG (Baubo) with the Deutsche Pfandbrlefanstalt (Depfa), as well as between the Lastenausglelchsbank (LAB) and theReuter - 201 words
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Article100 1977-10-19 5 Reuter BASLE, Tues. The forthcoming 37.6 million franc 15-year option loan by Swissair, Schwelzerlsche Luftverkehr AO will bear a coupon of 4*4 per cent and Issued at par. Swiss Bank said. The loan will only be offered to Swissair shareholders In a ratio of one 1,000Reuter - 100 words
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Article101 1977-10-19 5 Reuter LONDON, Tues. Six British motor component manufacturers will send a mission to Japan this month to try to expand their sales there, the Society of Motor Manufacturers and Traders (SMMT) said. During a 17-day visit beginning on Oct 24, the seven-member mission, Jointly sponsoredReuter - 101 words
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Article87 1977-10-19 5 Reuter LONDON, Tues. Smith Brothers said Its offer for Blsgood, Bishop and Co had lapsed following its referral to the Monopolies and Mergers Commission. Smith had offered five shares for each Blsgood share in an agreed merger which would nave formed one of the largest firmsReuter - 87 words
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Article62 1977-10-19 5 Reuter EINDHOVEN, Tues. NV Philips Oloellampenfabrleken said It agreed with Matsushita Electric Industrial Co to extend the cooperating agreement between the two companies for a further 10 years from the end of 1977. The Joint subsidiary, Matsushita Electronics Corp (MEC), now produces a wide range of product* inReuter - 62 words
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Article49 1977-10-19 5 Reuter LONDON, Tues. The Beogradska Banka US$35 million floating rate Euronotes will carry a coupon of one per cent over the London Interbank offered rate with a minimum of 8 per cent, lead manager Loeb Rhoades International said. The notes, due 1983, were priced at 99. ReuterReuter - 49 words
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249 1977-10-19 5 Reuter LONDON, Tues. British Leyland has resumed output of its Marina, Mini and Allegro models and recalled 9,400 workers laid off because of two disputes. Company spokesmen told Reuters that at the Cowley plant. 4,000 workers were recalled after sufficient Eaint shopReuter - 249 words
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Article59 1977-10-19 5 Reuter NEW YORK. Tues. A syndicate headed by Kuhn Loeb and Co said it tentatively priced US$5O million of trlple-A rated City of Oslo, Norway, bonds, due 1997, at 99 with an 8% per cent coupon to yield 8.86 per cent, for proposed offer today. Selling concession hasReuter - 59 words
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Article364 1977-10-19 5 ASIAN COMPANIES Reuter HONGKONG, Tues. Jardine Matheson and Co. raised its interim dividend for the current year to 19 HK cents from 18 cents last time and forecast a final dividend of not less than 47 cents against 45 cents previously. It said group net profitReuter - 364 words
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332 1977-10-19 5 CANBERRA. Tues. The Australian government has rejected a proposal by Conzlnc Rlotinto of Australia (CRA) to lift Its stake in the Hail Creek coal deposit in Queensland majority owned by Australian Associated Resources. Treasurer Phillip Lynch and National Resources Minister Doug Anthony said in332 words
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162 1977-10-19 5 Reuter MANILA, Tues. Energy Secretary Geronlmo Velasco said Amoco has flared oil at the Cadlao No One well off Palawan island which flowed oil at Just under 6,000 feet. No details were given about the flow rate of the well which is some 33Reuter - 162 words
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Page 5 Advertisements
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Advertisement228 1977-10-19 5 aiasaMisasM n„ Uu lIIIU* n n II 1 A The Biggest Difference Is In The Bill All the good things you expect await you at the Tradewinds Manila. A large-sized swimming pool, matching sundeck and nearby sauna. A Cantonese restaurant, the Golden Dragon, that's considered outstanding in a city that228 words
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Article2284 1977-10-19 6 1*77 Hick Law Company Laat Sale +arGr'B <Uv Dir e'vr Gr'i jrH Wat P/E Vol ('•00) Day High Low SECTION ONE INDUSTRIALS 154 204 116 238 88* 108* 169 224 414 171 135 171 58 212 57* 155 152 182 350 145 Acma Alcom Allied Choc Bata2,284 words
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Article1158 1977-10-19 6 BID and offer prtcea officially luted and business in and reported to the ■Slock Exchange of Singapore yes(terdajr with the number of shares traded shown li\ brackets tn lou of 1.000 units unlets otherwise specified All Time Settlement Contracts are quoted after the word "Bett." Bif R.1,158 words
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Article1357 1977-10-19 6 BID and offer prices 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 AJiiwnwt* (2.028 2.008). Atom (1.698 1.708). A. CMM (1.008) (I) 1.00.1,357 words
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Article148 1977-10-19 6 SINGAPORE UNIT TRUST INCOME BOND UNIT lMu>|m' prica m far Oct It) (Caireat p INCOME BOND rice*) The Commerce 1.72 1.82 108 1.14 The Savln( Fund 102 108 S pore Prof Fund S pore Security Fund S pore Invest Fund 0 82 0.87xd 1.54 1.83 0.08 1.03 MARA148 words
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Article148 1977-10-19 6 B O T 8 1/2% 1981 (100,000) (100HB 100%8) B O T 7 S/8% 1984 (100,000) (97*8 97*8) LTCB J 1982 (100,000)(98*B 98SS) Credit Lyonnaia Floating 1983 (100,000) (97%8 98H8) DBS Converts 6 1/2% 1991 (100,000) (968 964,5) D B 8 8 1/2% 1982 (100,000) (1008 100HS) E148 words
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Article131 1977-10-19 6 Rep Spore D Mark 7% 1982 (100,000) (100*B 101*8) Rep Spore 6 1/2% 1983 (100,000) (99*.8 100 WS) Rep Spore 7 3/4% 1987 (100,000) (99%8 100HS) 4 3/4% 1/5/79 (250,000) (100.258 100.455) 5 1/4% 15/10/79 (250,000) (100.908 101.158) 6 3/4% 15/6/80 (250,000) (104.855) 5 3/4% 1/6/78-80 250,000) (100.908131 words
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Page 6 Advertisements
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Advertisement177 1977-10-19 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 these177 words
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Article, Illustration614 1977-10-19 7 LISTLESS and easier conditions persisted on the Stock Exchange of Singapore yesterday. Speculative activity tapered off considerably aa the market appeared to be labouring under some strain on its liquidity. The public offer from Sin Chew Jit Poh is a dampening factor insofar as it promises to siphon614 words
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Article391 1977-10-19 7 SHARE prices eased on a wide front on the Kuala Lumpur Stock Exchange yesterday In light cut-loss operations. With no leads again, coupled with the indecisive movements of overseas markets, values were easily forced to below their overnight levels. Investors and speculators were still lying low and391 words
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INTERNATIONAL STOCK MARKETS
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Article345 1977-10-19 7 HONOKONQ: The market closed slightly firmer In thin trading on Tuesday with Interest mainly In blue chips, dealers said. The Hang Seng index rose 2.81 points to 419.17. Jardiae Math—on rose 10 to 13.90 after Its higher Interim dividend and higher final dividend and profit forecast, they said. Elsewhere,345 words
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Article495 1977-10-19 7 TOKYO: Share prices closed slightly higher In moderate trading on revived cheap buying In blue chips on Tuesday, dealers said. The Dow Jones average rose 2.52 to close at 5,110.80 with volume 230 million shares. The New Index closed at 378.09, up 0.01. Recently sold export-oriented electrlcals and vehicles495 words
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Article417 1977-10-19 7 SYDNEY: The market closed mixed on Tuesday with AAR easing two cents to $2.30 on turnover of three million here and In Melbourne, dealers said. The Sydney All-Ordinaries index rose 1.03 points to 433.84. Coal aod Allied rose 27 to 3. IS while CRA fell six to 2.40. MIM417 words
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Article143 1977-10-19 7 MANILA: The market closed generally lower on Tuesday, although turnover rose to 5.71 million pesos from Monday's 4.15 million, dealers said. Atlas and Lepanto lost one point each while other mining Issues where steady. Oils were generally slightly lower, while In commercials, San Miguel rose one point and others143 words
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Article130 1977-10-19 7 OCT IS Bahts Asia Fibre 283 •S Bangkok Bank 389 -s Bangkok Invest 340 unch Bangkok Metropolitan Bank 2870 720 >20 -5 BerttJucker 532 >40 Charoong Thai 4-3 Wire 284 Dumex Duslt Thanl 301 -2 Faber Merlin First Trust 278 ♦5 Oenera Finance 322 ♦1 Indo-Thai Industrial Finance Oorp130 words
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Article304 1977-10-19 7 AMSTERDAM: The market closed generally lower In quiet trading on Monday, dealers said. Dutch Internationals were narrowly mixed with Akso and Unilever slightly higher, Hoomvens unchanged, while Philips and Royal Dutch lost some ground. fcilsewhere, shares with loses of over two guilders included Van Ommeren, Ocegrinten, Otra and Giessea-De304 words
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Article162 1977-10-19 7 BRUSSELS: The large majority of Belgian shares were lower In slack trading on Monday, market sources said. Against the trend. UCB and Moaane rose, while among losers were Afturienne, Vieiile Mobtagne, Clabecq, Hainaut-Sambre, Wagons-Liti, Saint-Roch. Cometra, and TabacoAna. UK and US shares eased, Germans were mixed, while Dutch, Canadians162 words
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Article298 1977-10-19 7 FRANKFURT: The market closed barely firmer on Monday after a quiet trading session with the continuing weakness of the dollar causing operators to hold off and trading was depressed by developments In the Lufthansa Airline high-lacking dealers said Internationally traded stocks lost up to one mark while Kloecknerwsrke led298 words
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Article141 1977-10-19 7 MILAN: Stocks were mostly easier In thin dealings on Monday bourse sources said Snia Viacoea, Pirelli SPA and Montedison all fell by around one per cent, Anic, Aesicurasiioni Gemrali, Fiat shed points. Generale Immohillare was marginally higher. Bonds were mixed. OCT 17 Lire Ante 176 -4 Assoc On *****141 words
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Article338 1977-10-19 7 PARIS: The market was mixed on Monday, little affected by the sharp Improvement In France's trade position last month, dealers said Banks, autos, buildings and engineerings were Irregular, while Investment portfolios, foods, metals, oils and electrlcals were weaker. Textiles were steady to higher. In forelgns, gold were stronger following338 words
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Article281 1977-10-19 7 ZURICH: Shares generally drifted lower on currency unrest and continued profit-taking after recent strong gains on Monday dealers said. Both Swissair fell sharp!v. Banks closed predominantly easier apart from very steady Hypo Winterthur and Bankverein Participation Certificate. Financials and insurances were lower. Leading industrials followed the general trend, but281 words
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Article383 1977-10-19 7 JOHANNESBURG: Oold shares were firmer In fairly brisk business on Monday reflecting the continued strength of the billion price, dealers said. Demand was on both local and overseas account and dealers qoted a lack of scrip In selected Issues. Financial minings moved higher in line with producers. Elsewhere De383 words
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Article295 1977-10-19 7 TORONTO: The market staged a late rally to closed mixed In active trading on Monday. The composite Index, off 1.5 points an hour before the close, pared this loss to finish 0.3 points lower. Advances pulled ahead of declines by 205 to 195. Home Oil A fell 1 to295 words
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Article1188 1977-10-19 7 NEW YORK: Stock prices on Monday failed to Dulld on Friday's firmer close and closed lower in light trading. Analysts attributed the decline to Investor nervousness about President Carter's plans for the economy and expectations of a further rise In shortterm interest rates. But they said the fall1,188 words
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Article67 1977-10-19 7 FINANCIAL TIMES INDUSTRIALS Tuesday 499.1 Monday 500.0 Week Airo 511.8 DOW JONES AVERAGE INDUSTRIALS Tuesday 820.34 Monday 821.64 Week Ago 832.38 LONDON DOLLAR PREMIUM Tuesday 94 to 94 V, Monday 92 v. to 93* H.K. HANG SENG Tuesday i}5 25 Monday 416.89 Week Afro 421.63 SYDNEY INDUSTRIALS Tuesday 36967 words
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Advertisement470 1977-10-19 7 BUSINESS TIMES Airline Directory Aeroflot Soviet Airline* 110-112 Show Centre, Orchard Rood, Singapore 9 (Tel: 377.111) Air Ceylon 302-B, 3rd Floor, Marina Houm SKenton Way, Singapore (1) (Tel: *****88) Air France Ground. Floor, ICB Building, Shenton Way Singapore 1 (Tel: *****11) Air India IMi Floor, UIC Building, Shenton Way, Singapore470 words
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COMMODITY REPORTS AND PRICES
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Article452 1977-10-19 8 OPENINO quotations In the Singapore rubber market yesterday were marked up 0.75 cent In line with higher London advices and thereafter, the market ruled Inactive. Past mid-day, prices rose a further half-cent on short-covering and some speculative buying, dealers said. Light activity In forwards, notably452 words
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Article28 1977-10-19 8 Rubber: Oct 18 Singapore: November 212.50 (up one cent) Malaysia: November 214.50 (up 1.25 centa) Tin: 11,786 (up 81C) Official offering: 22f tonne* (down 83 tonnes)28 words
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Article297 1977-10-19 8 R.A.8. prices in cants per kilo yesterday: Noon Cloae (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.8.S. prompt f.o.b. 211.00 212.00N 211.00 212.00N Int. 1 R.S.S. No* 212.50 213.00 212.50 213.00 Int. 1 R.8.S. Dec 214.S0 215.00 214.50 215.00 Int. 2 R.S.S. 210.SO 211.SON 210.50297 words
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Article92 1977-10-19 8 NOON SSR and SMR prices yesterday: HAS {Cm sber t Mth) (Forward Mth) Buyers Seller* Buyers Sellers (cents par k() (cents per k<) SSR 20 (1—ton pallet) 209.50 207.50N 206.50 206.50N SRRSO (1 ton pallet) 103.00 205.00N 204.00 206.00N M.R.E.L.B SMR 5CV (1—ton pallet) 224.00 226.00N 224.5092 words
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Article190 1977-10-19 8 BANGKOK, Tues. Indicative prices for rice quoted today were: (US dollars per tonne fob basis Bangkok): White Rica: 100 pet Ist class 306, 100 pet 2nd 292. 100 3rd 288. S pet 277.10 pet 280, 15 pet 257. 20 pet 254, 25 pet 247. 35 pet unq. Broken: A-l190 words
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Article475 1977-10-19 8 COMMODITY trading In Singapore yesterday continued to assume a dull pattern In the absence of genuine foreign buying Interest. Prices generally marked time as dealers remained wary of fresh commitments because of the rather uncertain trends prevailing In overseas markets. Copra and coconut oil were neglected throughout the475 words
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Article269 1977-10-19 8 LONDON, Tues. Terminal cocoa scored early gains of up to £21 per tonne with May at £1.915 against New York, but failed to hold the advance, finishing the opening call up from last night by £6.50 to £15. Dealers said trade selling, possibly hedging tended to check the Initial269 words
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Article72 1977-10-19 8 C.I.F. Rotterdam, US dollars per ton. LONDON: Malaysia 5* (fa bulk Dec unch 438 sir Sumatra 5% f (a Oct unch 510 sir Nov 430 slr/445 pd 4*0/456 pd Dec 439 sir 437 SV432W pd Jan 430 alr/423 pd 435/430 pd Feb 430 sir 435 sir March unch72 words
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Article225 1977-10-19 8 LONDON, Tues. Terminal coffee opened £29 to £2 higher on volume of 426 lots. Futures advanced as much as £75 in initial dealings, but fell back by the end of the call. Trade houses bought at first, while other trade houses became sellers at the highs. The official tone225 words
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Article252 1977-10-19 8 THE Straits tin price in Penang yesterday was up MSI6 to $1,786 on an official offering down 83 tonnes to 226 tonnes. In LONDON yesterday, tin finished the ring with cash standard down £15 and Three Months up £17. High grade fell by £15 and rose by £15,252 words
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Article295 1977-10-19 8 LONDON Tues. Terminal sugar lost £0.85 to £1.95 per tonne at the first call with near Dec £0.85 lower at £103.35 and tended to soften further in relatively quiet open trading. Dealers said the decline was largely based on tone although sentiment was also momentarily affected by news that295 words
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Article303 1977-10-19 8 HONGKONG, Tues. The market closed firmer In active trading, in line with the overnight trend In New York, dealers said. Active day trades were noticed In March, which closed US 0.45 cents higher, while July rose 0.47 cents on trade house buying. Elsewhere, gains ranged from 0.45 to303 words
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Article139 1977-10-19 8 CHICAGO, Tues. Soybean futures yesterday held gains of to four cents a bushel at the close, with forward positions gaining on nearby*. Prices were directed upward at the opening as local short-covering was prompted by the return to work by New Orleans longshoremen and indications that weekend farmer selling139 words
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Article136 1977-10-19 8 CHICAGO, Tues. After fluctuating narrowly to either side of the previous close, wheat futures yesterday ended the session 1 to 2% cents a bushel higher. Speculative support was encouraged by the reduced threat of a longshoremen strike at gulf ports following the return to work by New Orleans longshoremen136 words
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Article277 1977-10-19 8 LONDON, Tues. Copper wire bars closed the morning ring with losses of mostly £1.00 per tonne. On the early pre-market, values soon slipped back from initial steadier levels under general liquidation which reflected poor consumer demand although some quarters felt that Chinese Interest might develop at the lower levels.277 words
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Article216 1977-10-19 8 LONDON, Tues. Silver ended the morning unchanged for cash and down 0.2 pence for Three Months The initial advance in gold gave the pre-market a boost, but a subsequent softening in that metal encouraged light liquidation on a market still lacking significant fresh buying Interest. Three Months traded upto216 words
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Article294 1977-10-19 8 RETAIL prices per tael quoted by the Singapore Chinese Oold and Silver Merchants Association are $480 for 90 per cent gold, $510 for 22k gold and $540 for 24k gold. The gold report on the Singapore market yesterday was unavailable from Slngmas. In HONGKONG yesterday, gold closed HKSI.2O lower294 words
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Article87 1977-10-19 8 LONDON, Tues. At the end of morning ring dealings, zinc was £1.25 down all round. Three Months traded from a pre-market high of £297 down to £294 before rallying during ring dealings in limited volume of business to £296.50, which market sources said reflected the thinness of the market.87 words
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Article92 1977-10-19 8 LONDON, Tues. Lead was £4.25 down for cash and £4.75 per tonne down for Three Months at the end of morning ring dealings. Values eased during the pre-market In line with copper and Three Months traded down to £348 per tonne. On the ring, prices held around these levels92 words
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MONEY AND EXCHANGES
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Article532 1977-10-19 8 SINGAPORE'S foreign exchange market yesterday saw speculative buying and selling pressures on the US dollar against most of the world's major currencies. Opening at yen 252.60/70 the dollar was traded to the 252.15/25 level Just before lunch. Immediately after lunch, however, the dollar sank further to a low of532 words
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Article53 1977-10-19 8 ACBC 7 Fir*t Chicago Algemene Bank 7 Bangkok Bank 7 Bank of America Bank of China 7 Bank of Tokyo Bank Negara Citibank 7 HSBC 7 Indoouei 7 Malayan Banking 7 MiUui Bank v, OCBC 6'. OUB 7 Chartered Bank Chaae Manhattan DBS 7 UCB 7 UMBC53 words
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Article169 1977-10-19 8 Asian rates ASIAN currency deposit rate* u at cloee on Oct IS Interbank US Dollar* (Spat) 7 days 1 mth 2 mths 3 mttu mttu 9 mths 12mths 9/16 7/a .7 .7 7/16 .7 11/1# .7 2/4 .7 13/16 7/16 a/4 6 7/a 7 5/16 7 9/16 7 va 7169 words
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Article179 1977-10-19 8 Euro rates LONDON, Tues. Eurodollar deposit rates held basically steady In light trading, dealers said. Periods were virtually unchanged from yesterday's closing levels. Three Months firmed about 1/8 point to 7 7/16 7 5/16 per cent on a Friday end of period technicality. One Year was unaffected by the Friday179 words
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Article243 1977-10-19 8 LONDON, Tues. The Canadian dollar slipped under US9O cents to a new low of 89.68/73 at the opening In thin, nervous trading from 90.03/07 in late New York business and 90.44/46 at the close here last night, dealers said. The extended weakening was followthrough reaction to Canadian Finance Minister243 words
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Article163 1977-10-19 8 NEW YORK, Tues. The Canadian dollar yesterday again provided the main feature of a moderately active market here, falling to a record low against the US dollar In late trading, dealers said. Comments in the Canadian Parliament by Finance Minister Jean Chretien that Canada will support Its currency163 words
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Article145 1977-10-19 8 HONGKONG, Tues. The US dollar closed lower across a broad front in active highly nervous trading here as operators remained reluctant to hold long positions in the currency, dealers said. The continued strength of the yen which advanced here to 251.45/60 against the dollar from Its record Tokyo closing145 words
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Article98 1977-10-19 8 TOKYO, Tues. The dollar for overnight delivery closed at 252.00 yen, down from the opening 252.70 and yesterday's 253.20 close. It reached a 251.55 low at one point in the afternoon, on active yen demand from Asian centres, but recovered following Bank of Japan intervention, first at 251.80, then98 words
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Article47 1977-10-19 8 ZURICH exchanges closing quotes on Oct 17. US 2 2646-2658 UK 4 0100-0123 Can 2.0454-0468 W Germ 100 02-10 Netfl 93 28-34 Bel( 8.4107-4180 Denm 37.17-20 Norw 4140-43 Bwed 47.36-38 Italy 0.2972-2573-1/2 Austria 14.02-05 Port 5 96aypyq Spain 2 8806-7024 Ar( 0 46-56 Japan 0 8968-897847 words
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Article56 1977-10-19 8 AUSTRALIA/ NZ exchanges quoted on Oct 18 AUSTRALIA: Sterling 0.6373/ 0.6306 US dlr 1 1263/ 1.1215 Ninety-day ur mall buying rate*: Sterling 0 6502 U8 dollar* 1.1544 Ninety-day forward buying rate*: Sterling 0 6276 U8 dollar* 1.1155 NEW ZEALAND Sterling 0.5565/ 0.5534 US dollar 0 9906/ 0.8606 Ninety-day forward56 words
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Article46 1977-10-19 8 FRANKFURT exchanges opening quotes on Oct 18 US 2.2607/ IT Can 2 029/ 034 UK 4 015/ 025 Neth 83 25/35 Swtta 80.90/ 100.00 Italy 2 571/ Ml France 46 76/ 88 Norw 80 Com 6.41/ 42 Bflg (In 6.60/ 41 japan 0 8800/ 9046 words
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Article214 1977-10-19 8 LONDON, Tues. Straight US dollar Eurobonds added up to Vt point on further professional short-covering operations and some retail buying, dealers said. Eurobond prices quoted on Oct It Nippon Fud Bank 7* 82 98 DSM (Holland) 8*87 98 98* BKDE( Brazil) •KM ...87* 98* Sweden 7*82 97* 98 Sweden214 words
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Advertisement316 1977-10-19 8 Penguin IN PENGUINS Yukio Mishima firmly upheld the traditions of Japan's imperial past, which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the worlcf in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last works, Runaway Horses, is now published in Penguins.316 words
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Article, Illustration103 1977-10-19 9 Lockheed-California Company workers begin assembly of the first L-1011-500 TriStar long-range jetliner at the company's Palmdale facility. This mammoth metal structure will become the sldn for the centre wingbox section of the first. Dash 500, scheduled to roll out in July, 1078. The L-1011-500 will have103 words
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673 1977-10-19 9 INTERNATIONAL air fares cannot be uniform. Differences In fare structures between geographical areas are essential to meet local requirements. Even within given areas or over certain routes, traffic Itself is not necessarily homogeneous In requirements and adjustments in the normal fare structure are required.673 words
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Article748 1977-10-19 9 GRAIN movement from US and US Gulf maintained the Improved rate seen last week, when a 30,000 tons load of October cargo received US$ll.OO FIO ana a 24,500 tons load for early November received USUI.SO FIO. South Korea came Into this business with several flacements from US748 words
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Article, Illustration337 1977-10-19 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Able Reefer (1700 sub-, Ject free board) 25/26 Bashl Maru (1100 hauls after Luna Maersk) 31/32 Fujlharu Maru (Tanker) (0900 P/O) 13/14 Hrvatska (1400 after Bashl Maru hauls D/L) 33/34 Hugheverett (1500 D/L) 35/36 Kelyo Maru (Car carrier) (1200 after Kaga Maru) 46337 words
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Article182 1977-10-19 9 AP LONDON, Tues. A good deal of the tension surrounding US grain exports relaxed yesterday when striking New Orleans dockers resumed work on bulk cargoes. Meanwhile, weekend chartering witnessed further firm rates for US Oulf grain shipments to the Continent and Japan. Toepfer conceded U555.25 (FIO) forAP - 182 words
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Article96 1977-10-19 9 AFP LONDON, Tues. British shipbuilding yards secured almost as many orders in the first nine months of this year as In the whole of 1976, the British Shipbuilders Company announced today. The Industry which was nationalised In July obtained In the latest ninemonth periodAFP - 96 words
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400 1977-10-19 9 AFP LONDON, Tues. The disposal by ship owners of old and uneconomic oiltankers continued apace in 1976 owing to the deep recession In the shipping industry, bringing the total of all types of vessels demolished to the peak figure of 6,614,051 tonsAFP - 400 words
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Article599 1977-10-19 9 ARRIVALS MfTlOl Operator Number LtOCtl Time From TMA TL304B 0530 TPE MAS MH682 0810 KCH PAN PA847 0810 SFO/HNL7QUM CPA CX710 1000 HLP OIA OA 980 1030 HLP THAI TG423 1035 BKK SIA SQ211 1045 HLP THAI TQ981 1050 BKK OIA GA944 1055 PKU OIA OA 908599 words
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216 1977-10-19 9 UPI DETROIT, Tues. American Motors Corp. yesterday announced price Increases averaging US$lO3 (*****) on Its 1978-model cars, but cut Gremlin prices In seven western states to compete with Japanese Imports. The 2.7 per cent increase undercut AMC's "big three" competitors General Motors, Ford and ChryslerUPI - 216 words
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Advertisement200 1977-10-19 9 Give us a man for a monthwe'll give him a language for life inlngua now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency200 words
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Article, Illustration1005 1977-10-19 10 KATHLEEN TELTSCH - -By a. KATHLEEN TELTSCH NYT UNITED NATIONS, (New Yprk): One day recently, Foreign Minister S. Rajaratnam took a few' hours away from diplomatic business to do some seriousminded comparison shopping along Madison Avenue. The time was spent profitably, he said. "This shirt I'mNYT - 1,005 words
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Article, Illustration903 1977-10-19 10 DAI HAYWARD - There is a limit to how much butter and lamb New Zealand Mntell. But the country has built up considerable expertise in other fields as well, and a unique organisation pooling the resources of more than 80 New Zealand companies is winning contracts worth many millintia ofFT - 903 words
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971 1977-10-19 10 JONATHAN KANDELL - By JONATHAN KANDELL NYT ANTWERP, (Belgium): Diamonds may be a woman's best friend, but they also make for strange bedfellows. In Antwerp, the world's largest wholesale diamond centre, Arab banks deal with Jewish diamond exchanges, Zamblans and Zalrlans court South Africans, and Russians doNYT - 971 words
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Article, Illustration1141 1977-10-19 10 WILLIAM FARRELL - By WILLIAM FARRELL NYT RAMAT CAN, (Israel): The northern light in the huge room shone on an array of large library tables where serious men, hot glasses of tea beside them, pored over tissue-paper packets whose contents shimmered and dazzled. "Look, you can see these are goodNYT - 1,141 words
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Page 10 Advertisements
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Advertisement172 1977-10-19 10 HANDBOOK 9, 7 Hors^ s tfi 0 S0 SP Di<* r'K sin* tt Ca I 7 7* ?/i 5 D it lIP il H F to F 16/ by E. Lenox Figgis F.C.A. A practical handbook explaining how batting takes place on the world's, most popular betting pastimes,, including hSrses,172 words
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405 1977-10-19 11 UPI TOKYO, Tues. Experts on Asian agriculture open a two-day conference tomorrow, amid gloomy reports that miracle grains and farm mechanisation have failed to raise per capita food output In noncommunist Asia during the last nine years. The "Seminar on rural Asia" IsUPI - 405 words
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853 1977-10-19 11 SUPERMARKETS are making huge strides in Singapore, helping to keep cost down and at the same time making life hard for traditional retail outlets. Last year alone, supermarket sales easily topped the $100 million mark, according to sources in the trade, and should easily double853 words
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Article88 1977-10-19 11 TECOMARK, a team from Shell, has emerged champions In this year's National Management Game. It beat four other teams in the finals of the NMG held at the Oberol Imperial Hotel. Tecomark was declared winner with a return of 66.6 per cent on Investment. Second was88 words
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Article175 1977-10-19 11 AFP NEW DELHI, Tues. Japan has great expectations that the present government in India will liberalise the regulations concerning foreign capital Investments In this country. This was stated by Japanese Ambassador T. Suzuki In an Interview published In yesterday's Economic Times. The interview took placeAFP - 175 words
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293 1977-10-19 11 AFP TAIPEH, Tues. Taiwan's foreign trade amounted to US$l2.B billion (5531.2 billion) In the first nine months of this year, an Increase of $1.4 billion, or 12.2 per cent over the corresponding period last year. According to the directorate general of budget, accounting,AFP - 293 words
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Article165 1977-10-19 11 AFP TAIPEH, Tues. Foreign and overseas Chinese Investments in Taiwan in the first nine months of this year amounted to US$76 million (SslB4 million), the Ministry of Economic Affairs said this week. Of the total, $54 million came from foreign industrialists and the remaining $22AFP - 165 words
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136 1977-10-19 11 AP LONDON, Tues. A world auction record price of £60,000 8*256,000) was paid at Christie's yesterday for Meissen Kakiemon porcelain. The bid was accepted for a pair of Meissen Kakiemon bantam cocks, made In Meissen, Germany, around 1732 from Japanese Kakiemon porcelain. The previous auctionAP - 136 words
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Article127 1977-10-19 11 AFR TOKYO, Tues. An average Japanese worker earned two million yen (5519,440) last year, an Increase of 11.2 per cent in nominal terms, but Inflation cut It to only an Increase of 1.6 per cent in real terms, according to this year's white paper on lifeAFR - 127 words
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158 1977-10-19 11 AFP CANBERRA, Tuee. The Australian Government's US$l,7OO million <894,114 million) borrowing programme initiated on Sept 27 has eat speculative run on the Australian dollar. The Australian Reeerve Bank's holdings of gold and foreign exchange declined by $36.4 the week to last Wednesday, ex*AFP - 158 words
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Article, Illustration201 1977-10-19 11 AFP TELUK ANSON, Tues. Slme Darby chairman Tun Tan Slew Sin (above) expressed hope here today that suitable adjustments could be made to pollution regulations for palm oil Industry which would not harm the environment nor penalise the Industry. He said it was difficultAFP - 201 words
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391 1977-10-19 11 Reuter TOKYO, Tues. Prime Minister Takeo Fukuda told economic affairs ministers to find more ways to boost Japanese imports. He said measures already under consideration would not be enough to bring about a major reduction in Japan's trade surplus, according to aReuter - 391 words
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176 1977-10-19 11 AFP TOKYO, Tues. Venezuela's state-run oil firm Maraven SA hopes to sell Its cgude oil to various countries In the Far East through Japan, visiting Maraven president Alberto Qulra Corradl said here today. Mr. Corradl said that he talked over the matter with officialsAFP - 176 words
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Article274 1977-10-19 11 Reuter TOKYO, Tues. A lengthy contractual dispute between Australian sugar growers and Japanese refiners today moved a step closer to settlement when the Japanese side agreed to pay for 213,000 tonnes of sugar stranded aboard ships in Tokyo Bay. The refiners, who during the past yearReuter - 274 words
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553 1977-10-19 11 Reuter TIN, a traditionally prosaic metal usually associated with canned peaches or peas, has acquired the sort of raffish reputation once reserved for gold, opium and prohibition whisky. In coastal steamers, fishing boats, falsebottomed lorries and the hollow tubes of bicycle frames, smugglersReuter - 553 words
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75 1977-10-19 11 Reuter MANILA, Tues. The Manila-based Asian Development Bank is expected to hold Its 1978 annual meeting In Vienna next April, Informed sources said here today. It will be the second time since the bank was founded in 1966 that the Austrian capital hasReuter - 75 words
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362 1977-10-19 11 AFP CANBERRA, Tues. Australia faces massive industrial and economic disruption following the decision today by the Arbitration commission not to grant 2,500 Victorian power maintenance workers a A 940 (S9108) a week pay rise and an unanimous vote by the workers to resume their 11-week-old strike.AFP - 362 words
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Article153 1977-10-19 11 AFP CANBERRA, Tues. Finance will be raised on the International money market by the Australian Wool Corporation to finance woof floor prices. Commenting on the Australia government's decision to allow this overseas borrowing, the Australian Wool Producers Federation said it would now be possible to borrowAFP - 153 words
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Article121 1977-10-19 11 A SEMINAR on the property depression In Singapore Is scheduled to be held at the Shangri-La Hotel on Nov 8 and 9. Organised by the Building and Estate Management Boclety of the University of Singapore, the seminar will feature speakers from the commercial and academic sectors. They121 words
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Advertisement247 1977-10-19 11 APPOINTMENT CHIYODA SINGAPORE (PTE) LIMITED invites applications ioi the pott* of. 1) CIVIL/STRUCTURAL ENGINEER Applicant muat poJwi Civil/ Structural Engineering Degree plus 10 years Work Experience*. Minimum duties include site surveying, designing, estimation and construction/ coordination. 2) MECHANICAL AND ELECTRICAL ENGINEERS Applicant must possess Degree in Mechanical/ Electrical Engineering with247 words
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1369 1977-10-19 12 QUEK PECK LIM - OCBC, UOB GROUP PROFITS BY QUEK PECK LIM A WELL diversified banking network throughout Malaysia need not necessarily be a plus factor in the profits performance of local banks. For at least one of the two largest banking giants in Singapore a dependence on1,369 words
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Article250 1977-10-19 12 SPERRY Unlvac, the world's second largest producers of general purpose computers after IBM, will launch a campaign next month to increase Its market share in South-east Asia. The marketing camBiign, which will feature nivac's top customers In the region, is expected to give the250 words
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344 1977-10-19 12 Reuter BRUSSELS, Tues. Britain will probably agree at the foreign council meeting today In Luxembourg to the EEC going ahead with formal textile negotiations with Third World producers in return for assurances on certain sensitive products, EEC sources said here yesterday. They saidReuter - 344 words
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193 1977-10-19 12 Reuter HONGKONG, Tues. Most textile and garment manufacturers in Hongkong are facing a difficult situation and a recovery is unlikely before next May or June, the Chinese Chamber of Commerce said in its latest quarterly survey. The chamber noted that In the 12Reuter - 193 words
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189 1977-10-19 12 AP WASHINGTON, Tues. The US House of Representatives is nearlng what Is expected to be a close vote on requiring that a set percentage of oil Imports be brought to this country on American flag vessels. Now almost all the oil Is carried InAP - 189 words
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142 1977-10-19 12 AP HONOKONO, Tues. Two Chinese communist banks and one department store in Hongkong have bought some Hongkong prime property, valued at HKS2OO million (Ssloo million), a newspaper here reported today. The South China Morning Post said the two banks Klngcheng Bank and China StateAP - 142 words
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Article446 1977-10-19 12 IF LOCAL businessmen are gloomy about growth prospects for the coming months, they are not alone in their pessimism. Their counterparts in Japan are also not too hopeful about the economic recovery, according to the latest issue of Vie Sumitomo Bank Review, and this Is reflected446 words
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287 1977-10-19 12 Reuter BANGKOK, Tum. Britain ud Thailand opened talk* today to resolve an aviation dispute that has disrupted both countries' airline flight schedules, especially on the busy Bangkok-Hongkong route, for the post six months. The talks began in the Gulf of Thailand seaside resortReuter - 287 words
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Article112 1977-10-19 12 THE Finance Minister, Mr Hon Sui Sen, will give the keynote address at the opening ceremony of the AAMO Sixth International Management Conference to be held at Shangri-La Hotel on Oct 30. The conference with the theme "The making of a manager" will be attended by some 500112 words
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Article738 1977-10-19 12 LONDON, Tues. News that British Leyl&nd shop stewards had accepted proposals on pay negotiations boosted the market In afternoon trading and earlier gains were extended, dealers said. Government stocks were Up to 1* or I*4 points higher In long dated loans, after midday gains of around a point,738 words
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Article382 1977-10-19 12 UPI TOKYO, Tues. Japan and the United States broke off two-week-old talks here today to revise their bilateral civil aviation agreement without reaching an accord on major Issues, It was reported. They said the next session is tentatively scheduled to start In WashingtonUPI - 382 words
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157 1977-10-19 12 The international building exhibition, BATIMAT, win be held In Paris from Nov 24 to Dec 4. The exhibition will give developers and contractors an Insight Into the latest techniques in building and construction and will also serve as a forum for manufacturers and157 words
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Advertisement19 1977-10-19 12 m V s "1 :<:■% h t J -r < «<-* MBPyi 1? I 7, ,> .y £u "*-M|M V" 1 v. V19 words