The Business Times, 25 October 1977
1977-10-25
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The Business Times
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Title Section10 1977-10-25 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, OCTOBER 25, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article71 1977-10-25 1 AFP LONDON, Mon. The Eastern European trade bloc Comecon is believed to be negotiating a US$3OO to $600 million (***** to 1,446 million) loan on the international money market through its International Investment Bank, the London Financial Times reported today. "The loan is believed to be requiredAFP - 71 words
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Article58 1977-10-25 1 Reuter MANILA, Mon. The Asean Council on Petroleum (Ascope) will meet here for four days from Wednesday to formally adopt an emergency oil sharing scheme for the region, official sources said today. Also on the meeting's agenda are an exchange of notes on energy conservation in theReuter - 58 words
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Article59 1977-10-25 1 AFP KUALA LUMPUR, Mon. The Malaysia Japan Economic Association will be launched early next month, Prime Minister Datuk Hussein Onn told Parliament today. The Prime Minister said members of the association would come from the private sector. The association, among other things, would discuss ways to step upAFP - 59 words
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Article52 1977-10-25 1 AP BONN, Mon. West Germany has recalled its Ambassador to South Africa "for consultations" following the white government's banning of two black newspapers and several inter-racial organisations, a government spokesman said today. The United States and the Netherlands have already recalled their ambassadors following the South AfricanAP - 52 words
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Article70 1977-10-25 1 Reuter JAKARTA, Mon. Defence and Security Minister General Maraden Panggabean said today Indonesia was still facing communist threats from outside as well as from within. "Remnants of the 1965 communist coup plotters still pose a menace to the state while a subversive threat from communist groups abroad isReuter - 70 words
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Article68 1977-10-25 1 Reuter w BANGKOK, Mon. Thailand's military leaders tonight announced a' three-tier administrative system under which authority appeared vested mainly with the chief and secretary-general of the Revolutionary Council, in power since a coup last Thursday. No fresh appointments were announced, but it appeared that the Council Chief,Reuter - 68 words
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Article70 1977-10-25 1 UPI NEW YORK, Mon. Stocks headed lower early today in moderate trading as many of the nation's leading banks raised their prime rate a quarter point to 7.75 per cent. Against that background, the Dow JOnes Industrial average, which fell 6.50 points on Friday was off 0.60 pointUPI - 70 words
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Chief Price Changes
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Article98 1977-10-25 1 Rites Most active SO Besl 5.10 .38 Olympia 152,000 Kamuntlng 2.70 .26 O. Ceramics 118,000 Kramat 8.00 .20 C. Sugars 85,000 Berjuntal 7.75 .20 M. Weaving 66,000 Tronoh 6.45 .15 Total Turnover: 1.46 M A.Hltam 9.70 +.15 Total Value: MS3.22 MS. Dredge Tongkah Petallng 5.05 3.12 8.3598 words
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Article, Illustration168 1977-10-25 1 Rises Most octivc Kramat 595 +85 Haw Par 120,000 Tronoh Mine* 040 +40 Olympia 93,000 SunceiBeai 494 +24 Leonf Huat 91,000 Lower Perak 192 10 Sentoaa 83.000 Berjuntai Selufor Drtdf KKamptr 770 500 334 15 14 14 Total Turnover: 1.17 M Total Value: $2.03 M T Harbour168 words
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Article973 1977-10-25 1 RONNIE LIM - JAPANESE MORE CONCERNED By RONNIE LIM COULD the Singapore worker's casual jobhopping attitudes and low productivity compared with his foreign counterpart, push foreign investors to Eull out of the Republic, If sft unchecked? At. least one foreign manufacturer In Singapore has been forced to the last973 words
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Article125 1977-10-25 1 LOCAL businessrfen, bankers, traders and Investors will be glad to know that Singapore's Postal Services Department will operate a new Express Delivery Service (EDS) with Hongkong from next Tuesday. The arrangement Is on a reciprocal basis. Available for all classes of postal articles except parcels125 words
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584 1977-10-25 1 NEXT week's lifting of the restrictions on sugar Imports for sugar-based export products Is going to give Singapore exports a chance to get back Into markets they were priced out of before. On Nov. 1. the Government will allow industries to Import sugar to584 words
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910 1977-10-25 1 AS THE US dollar slumped against most of the world's major currencies yesterday, gold gleamed brighter. The metal streaked to a two-year high of U*****.63 an ounce when London's market opened, a near $3 higher than last Friday's close of US$l6O.BB. The910 words
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338 1977-10-25 1 LAND rentals in Jurong will go up by 25 per cent next year, the Jurong Town Corporation (JTC) announced yesterday. JTC has exercised some restraint as the building agreement for JTC leases allows it to revise annual rental rates up to a338 words
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529 1977-10-25 1 COLIN CHEE - By COLIN CHEE TEMENGGONG Limited yesterday announced that Bowater Corporation of the United Kingdom has offered to pay $2.10 In cash for each of the 2.84 million TMG shares, or 40 per cent of TMG's Issued capital of 7.1 million, which It does not529 words
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Article96 1977-10-25 1 THE police are investigating a case of alleged cheating Involving certain employees of the Stamp Office, which Is under the overall control of the Ministry of Finance. Business Times understands that hundreds of thousands of dollars may have been siphoned off. The revelation comes a scant six96 words
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Page 1 Advertisements
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Advertisement54 1977-10-25 1 U-BIX COMPLETE COPYWG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE T« *****2 O Liotsl APS ELECTRONICS (M) SON BHD KUALA LUMPUR Tel *****/*****/***** Oimiim NiWTV 4 Oversees Stocks Radio -PS Commodities Overseas Traaoport 4 News/Crosswords -PI Com wir otto— Local CO. Nm P4 Features International Co. Nawi -PS Local ft Pimm—54 words
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Advertisement20 1977-10-25 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant iei tPU HEfIRV BflC BGEfUIES PTE LTD20 words
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Advertisement146 1977-10-25 1 m CHANGI COMPLEX Shops Flats •Weai Location •Modern Shops Shops ideal (br all kinds of business •Luxurious Apartments: Elegantly designed f •"<? aboft«vs FAR EAST REAITY(PTE.) im 96«. Robinson Road Singapore 1 Tel *****33 (5 lines) INDUSTRIAL vmfm FACTORY PREMISES JALAN PESAWAT Detached factory, site area 9,719 sq.m. Covered area146 words
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OVERSEAS
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602 1977-10-25 2 Reuter LONDON, Mon. Britain's Ministry of Defence (MOD) has built a top-secret communications centre which could blow the country's largest North Sea oil terminal off the face of the earth. The resulting squabble, between the Ministry of Defence and Nato on oneReuter - 602 words
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413 1977-10-25 2 AP WASHINGTON, Mon. Four years ago, the US government launched the Clinch River breeder reactor project amid high hopes that it could help solve the nation's energy troubles. But now, the proposed nuclear power plant Is fighting for Its life. President Carter isAP - 413 words
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208 1977-10-25 2 Named man who caught Sir Richard on tape Reuter LONDON, M(*l. An exclusive dining club last night said the guest who secretly tape-recorded a controversial, Impromptu speech which led to Sir Richard Dobs on resigning as chairman of British Leyfa nd was the son of the man who Invited SirReuter - 208 words
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Article97 1977-10-25 2 Reuter PANAMA CITY, Mon. Panama's head of government. General Omar -Torrijos. claimed victory yesterday In the country's' plebiscite on the new Panama Canal treaty with the United States. Speaking In a radio interview Just before the polls closed, he said his Intimate relationship with the people hadReuter - 97 words
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441 1977-10-25 2 AP PARIS, Mon. A bitter quarrel over the socialist blueprint for France has broken the momentum of a leftist surge toward power that only recently looked like succeeding. "They've blown what could possibly have been a sure thing," one diplomat said. Opinion polls, which forAP - 441 words
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368 1977-10-25 2 UPI UNITED NATIONS, Mon. Western members of the United Nations are heading for a showdown with Third World countries over two controversial issues the Imposition of sanctions on South Africa and ways to curb air piracy. The question of South Africa comesUPI - 368 words
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Article226 1977-10-25 2 AP WASHINGTON, Mon. US Senator William Proxmlre proposed yesterday to Impose a declining celling on the sale of American arms so that no more than US$4 billion (559.6 billion) worth could be sold after fiscal year 1979. The Wisconsin Democrat, a member of the defenceAP - 226 words
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Article72 1977-10-25 2 AFP RIO DE JANEIRO, Mon. Brazil will have 200 million kilowatts of installed electricity capacity by the end of the century, Including 75 million from nuclear generating stations, the president of the Nucleabras power agency, Paulo Naguelm Batista, said tn a statement In yesterday'sAFP - 72 words
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310 1977-10-25 2 AP BERLIN, Mon. Pocket calculators, almost a plaything in the West, are drawing top prices in the East German black market for electronic goods smuggled through the Berlin Wall and other border crossings. And East Germans caught selling them are drawing stiff jail sentencesAP - 310 words
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Article218 1977-10-25 2 AP LISBON, Mon. Socialist Premier Mario Soares yesterday rejected opposition calls for power sharing and said his minority government would continue alone "whatever the consequences." "The Socialist Party won't accept any formula which leads to a division of governmental power," Mr. Soares told aAP - 218 words
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Article214 1977-10-25 2 AP WASHINGTON, Mon. The US government appealed a court order yesterday requiring the United States to object to an International ban on the hunting of Bowhead whales. The appeal claims such an action could trigger the slaughter of all whales. In a brief filedAP - 214 words
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272 1977-10-25 3 Reuter BONN, Mon. West Germany's five leading economic research institutes said the country's real growth rate would remain weak next year, unchanged from this year's 3 per cent. The five said In their Joint autumn report that unemployment, again expected to average over oneReuter - 272 words
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222 1977-10-25 3 Reuter WASHINGTON, Mon. Senate majority leader Robert Byrd has predicted that South Korea's refusal to cooperate fully with the US Investigation into alleged Influence-buying here could cause a reaction in Congress and affect votes on future aid. Mr. Byrd said on Saturday, "I don'tReuter - 222 words
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439 1977-10-25 3 Reuter NEW YORK, Mon. The slower growth of the US economy during the third quarter prompted the government last week to voice-concern the present rise In short-term Interest rates could choke off the business recovery. This again raises the question of how the FederalReuter - 439 words
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Article195 1977-10-25 3 Reuter HONGKONG: Mon. Alan Greenspan, president of Townsend Greenspan and Co said he expects the current rapid rise in US shortterm interest rates will slow markedly. The former chairman of the US Council of Economic Advisers told an American Chamber of Commerce breakfast itReuter - 195 words
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Article587 1977-10-25 3 AP CAIRO, Mon. US Treasury Secretary Michael Blumenthal met Egypt's President Anwar Sadat yesterday and discussed ways to spur Egypt's sagging economy. The US provides nearly US$l billion (552.4 billion) In economic aid to Egypt every year. But Egypt has piled up a foreign debtAP - 587 words
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119 1977-10-25 3 FORD'S UK WORKERS AGREE TO v 12pc HIKE Reuter LONDON, Thurs. Workers at all of Ford's 23 plants in Britain have now accepted the motor company's offer of a 12 per cent pay rise and avoided what could have been a costly dispute. Men at the big factory at Halewood,Reuter - 119 words
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Article40 1977-10-25 3 AP NICOSIA, Mon. The United Arab Emirates, Kuwait and Oman have pooled money to form three new joint stock companies with an aggregate authorised capital of U*****.7 million (SsB3 million) the MiddleEast economic survey reported ioday. AP.AP - 40 words
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320 1977-10-25 3 NYT WASHINGTON, Mon. Senator William Proxmlre, a strong proponent of the anti-boycott bill enacted last summer, has charged that sections of the proposed regulations for enforcing the new law appear to violate Congress Intent by enabling American business K continue complying with eNYT - 320 words
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Article97 1977-10-25 3 AFP HONGKONG, Mon. South Carolina's Controller General Mr. Earle Morris, said today he was strongly against the return of trade protectionism. "It Is against the lnte- i rest of both the United i States and Its trading partners In the Far Bast," he said. Mr. Morris Is hereAFP - 97 words
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Article122 1977-10-25 3 UPI TOKYO, Mon. China exEressed extreme regret )wards the Japan-South Korea agreement for development of the con* tlnental shelf, charging the Japanese had llfcd that it had consulted Peking before the conclusion, Kyodo News reported today. In a dispatch from Peking, Kyodo said Vice Premier Ll Hslen-nlen yesterdayUPI - 122 words
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Article54 1977-10-25 3 UPI TOKYO, Mon. Japan and the Soviet Union began talks here today on terms for Japanese bank loans to finance Soviet Imports of lane diameter steel tubes. The Soviet Union has sought bank loans to purchase about 300,000 tonnes of tubes from fire major Japanese makers forUPI - 54 words
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252 1977-10-25 3 AP DALLAS, Mon. Oil imports in the United States will account for nearly one-half of the nation's petroleum requirements this year, an industry study indicated today. The independent Petroleum Association of America Study said imports will supply 45.1 per centAP - 252 words
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Article64 1977-10-25 3 Jamaican adjusted Reuter KINGSTON, Mon. The special Jamaican dollar rate covering tourism, exports and not-essential imports has been devalued to 1.28 to the US dollar from 1.25, an" official announcement said. This brings Its depreciation since the government Introduced a two-tier exchange system last April to 40 per cent. TheReuter - 64 words
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835 1977-10-25 3 NYT MOSCOW, Mon. Five years after the United States and the Soviet Union new era In trade relations, business Is stagnating, American companies have lost Interest In opening new branch offices here and the expectations for the future are modest, IfNYT - 835 words
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Article458 1977-10-25 3 NYT ROME, Mon. Italy's political leaders are finding It Increasingly difficult to put into effect the most stringent of the economic measures they prescribed for the country only a few months ago. Last summer. Prime Minister Glullo Andreottl's minority government, the powerful Communist Party and other politicalNYT - 458 words
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Page 2 Advertisements
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Advertisement224 1977-10-25 2 PRESSMEN-OR YESMEN? V 3 I This is a question often asked about the Singapore journalist. Another question isriHow controlled is the Singapore press? New Directions quarterly discusses questions such as these in its September issue now on VOl *NO 3 1 W n<TTS£mMB£B 1 .couftwii*! I y x v v,224 words
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Page 2 Miscellaneous
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Miscellaneous322 1977-10-25 2 THE WEATHER WEATHER report for 24 hour* prior to 7.30 pm on Oct 24 at Singapore airport. Maximum Temperature 32.2° C Associated Humidity 67 Minimum Temperature 24.8° C Associated Humidity 96 Hours of Sunshine 4.40 Rainfall in Millimetres Trace Total Rainfall for the Month 49.7 Total Rainy Days for the322 words
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Page 3 Advertisements
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Advertisement31 1977-10-25 3 This announcement appears as a matter of record only. SFr. 35,000,000 AIRLINES Medium Term Loan Arranged by Swiss Bank Corporation Singapore Branch Funds Provided by 1574 SWISS BANK CORPORATION OCTOBER 197731 words
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Page 3 Miscellaneous
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Miscellaneous584 1977-10-25 3 THE TWO-IN-ONE CROSSWORD CRYPTIC ACROSS 1 when limes are Like a Scottish shore (5) 9 Country of wrath (7) I# Jack the Ripper? (5) 11 Old Mexican police-car detective? (5) 12 Copes within the opportunity allowed (5) M Cover food as a whim (7) IS Cut Hugh utterly (3) 17584 words
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COMPANY NEWS
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386 1977-10-25 4 SIME DARBY will reject the latest offer for the shares of Assam Frontier Tea (AFT) proposed by N.M. Rothschild on behalf of Wrengate Ltd. of the UK. The new terms put up by Wrengate are 400p against the earlier 385p for386 words
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COMPANY MEETINGS
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Article20 1977-10-25 4 THE following company meetings are due: Oct 26 at 12.00 noon at 45-47 Robinson Road, Singapore, 1.20 words
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23 1977-10-25 4 Oct 26 at 3.00 p.m. at the 4th Floor, Bangunan Yee Seng, 15, Jalan Raja Chulan, Kuala Lumpur.23 words
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Article20 1977-10-25 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 1977-10-25 4 Oct 27 at 10.00 a.m. at Hotel Merlin Kuala LumEur, No. 2 Jalan Sultan tmail, Kuala Lumpur 0404.22 words
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Article21 1977-10-25 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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18 1977-10-25 4 Oct 27 at 11.00 a.m. at Virginia Park, Jalan University, Petallng Jaya.18 words
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Article19 1977-10-25 4 Oct 31 at 11.00 a.m. at the Registered Office, 16 Jalan Tangsl, Kuala Lumjpur 10-01.19 words
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Article27 1977-10-25 4 Oct 31 at 10.00 a.m. at the Registered Office, 9th floor, Manhattan House, Chin Swee Road. Singapore 3. cji_ n..it*nl a t.i27 words
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Article23 1977-10-25 4 Nov 4 atll.oo a.m. at #1 AM* llA«nA nA l<l 4th floor, Mac Donald House, Orchard Road, Singapore 9.23 words
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Article17 1977-10-25 4 Nov 4 at 11.30 a.m. at the OCBC Centre (19th floor), Chulia Street, Singapore.17 words
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29 1977-10-25 4 Electrical Allied Industries Bhd: Nov 9 at 11.30 a.m. at the Board Room (3rd floor) of the Malaysian Industrial Development Finance Bhd. at No. 117, Jalan Ampang, Kuala Lumpur.29 words
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Article372 1977-10-25 4 Current payment Ex Date Date payable Total for the year Total fer previous year Austral Amalgamated 50% Dunlop Eat 10%I Temerloh Rubber Estates 11 S pore Finance 12% S. Trading 12% Harper Gilfillan 5%I M. Flour 10% Sept 30 Sept 21 Oct 7 Oct 11 Oct 17 Oct372 words
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389 1977-10-25 4 KEMAYAN OIL Palm has declared a one-for-flve scrip issue its second in two years by capitalising M 52.5 million out of unappropriated profit. This will bring the group's paid-up capital from $12.5 million to $15 million. Directors say that the scrip issue is Intended389 words
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Article59 1977-10-25 4 EUROPEAN Investment Bank's US$3O million 8K per cent bonds 1987 represented by one global bearer bond will be Us ted on the Stock Exchange of Singapore from Oct 28. An SES statement says dealings will be on a ready basis only and quotation will be expressed as59 words
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Article387 1977-10-25 4 THE KUALA Lumpur Stock Exchange has decided to remove five companies I three Singapore and two Malayslan-lncorprated from Its official list on Wednesday for falling to comply with Its new requirements. The companies are National Industries of Singapore, Imperial Securities International, Singapore Ceramics, Mosbert Bhd.,387 words
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523 1977-10-25 4 INHIBITING EXPORT duties on rubber as well as high labour costs have considerably eroded the Importance of this commodity for Selangor Coconuts. With the higher price of palm oil in the second half, rubber contributed less than half of the company's trading profit of523 words
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269 1977-10-25 4 TROPICAL VENEER Is still in the throes of a long, painful struggle to get out of the trail of losses which have been dogging the company, particularly since the depression of the sawn timber and plywood market in 1974. For the first half-year ended June269 words
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Article102 1977-10-25 4 MK Electric, the world's largest manufacturer of British Standard wiring accessories, has appointed Mr. Pttar H Wilcox as the company's regional manager for South-east Asia and the Far East. Mr. Mwari Kwoag Choag Yim has been appointed as assatant to the managerSingapore of Cathay Pacific Airways. Mr.102 words
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1675 1977-10-25 4 EXORBITANT TAXATION and the problems of land alienation have been cited as the main causes for the continuing decline In Malaysia's tin production. Addressing shareholders of three small units of the London Tin stable Kramat Tin Dredging, Kuala Kampar Tin Fields1,675 words
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1070 1977-10-25 4 NYT NEW YORK: The book publishing Industry Is In the throes of a major shakeout. As a result, what was once a cottage Industry Is rapidly becoming part of one of the world's highest powered operations the fastgrowing media business. Unlike an earlier waveNYT - 1,070 words
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Page 4 Advertisements
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Advertisement162 1977-10-25 4 o the 8 Steps to Health and Peace by Richard L. Hittleman (author of m yoga 28 day EXERCISE PLAN) Richard Hittiaman, tha moat widaly-raad author in tha world on tha aubjact of yoga, praaanta in thte book hia moat complata and in-dapth study of tha aubjact to data. Inatruction162 words
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330 1977-10-25 5 NORTH AMERICAN COMPANIES NORTH AMERICA'S top two aluminium producers have reported significant Increases In third quarter profits despite an 8 per cent drop in shipments by Aluminium Company of America and a 5 per cent decline by Alcan Aluminium. Alcoa, the industry's leader,330 words
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Article173 1977-10-25 5 Reuter AM AX Inc said Its copper operations recorded a loss during the third quarter this year, which exceeded the net decline In pre-tax earnings from other operations. Amax reported third quarter earnings of 78 cents a share, down from SI .08 a share inReuter - 173 words
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Article287 1977-10-25 5 Reuter THE US stock market should soon show a rally which could take the Dow Jones Industrial index over 900. Mr. Heath McLendon, the executive vice-president of She arson Hay den Stone, told reporters after an American Chamber of Commerce breakfast in Hongkong yesterday thatReuter - 287 words
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Article238 1977-10-25 5 REYNOLDS Metals Co said its packaglngdlvislon plans a US$6O million facilities expansion, Improvement and energy conservation programme. The programme will Include construction of a continuous-casting and cold-rolling plant in Arkansas capable of producing 140 million pounds of aluminium foil feedstock per year, at an estimated 32238 words
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Article121 1977-10-25 5 FT IN LINE with the generally higher earnings being reported by the major U8 commercial banks, BankAmerica, the nation's largest banking company, has reported a 10 per cent rise In third quarter operating earnings. Net Income rose from US$93.l mlDlon to f 110.4 million (76 centsFT - 121 words
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599 1977-10-25 5 NYT MOTOROLA stock continued to tumble last Wednesday, with analysts disagreeing over the degree to which the diversified electronics company's flat earnings were attributable to a glut of Citizens Band radios. Motorola reported flat third-quarter earnings last Tuesday and In thisNYT - 599 words
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Article809 1977-10-25 5 NYT FOR THE last nine years, Bangor Punta Corp. has kept an extremely low profile. Until just a few months ago, when Mr. David Wallace, the plain-talking board chairman, addressed a Wall Street group, no company official had spoken to the public since 1969. Consequently, ifNYT - 809 words
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Article228 1977-10-25 5 Reuter R.J. REYNOLDS Industries Inc said the International Longshoreman^' Association strike has so far cut into fourth quarter earnings by an estimated 12 cents a share fully diluted. Mr. Colin Stokes, Reynolds' chairman, said the ILA strike has effectively closed down R.J. Reynolds's Bea Land ContainerReuter - 228 words
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Article203 1977-10-25 5 Reuter SPERRY Rand said In reporting higher second quarter earnings that It expects continued revenue and profit Improvement for the remainder of the year. Net earnings for the quarter ended Bept 30, 1977 advanced to U5539.88 million or $1.15 a share ($1.05 diluted) from $37.52 millionReuter - 203 words
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Article200 1977-10-25 5 Reuter BOISE Cascade Corp said It expects fourth quarter results will be adversely affected by a temporary softening in paper prices. In the fourth quarter last year, the company earned 93 cents a share from operations. Boise Cascade did not elaborate on the extent ofReuter - 200 words
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268 1977-10-25 5 Reuter MERCK AND Co. reported that operating net earnings rose to US$69.O million or 92 cents a share for the third quarter this year from $63.4 million or 84 cents a share In the same quarter of 1977. The company said the highReuter - 268 words
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Article60 1977-10-25 5 Reuter BANKERS Trust New York Corp bu filed with the Securities and Exchange Commission registration statements covering the proposed Issuance of UBllOO million of »-fsar debentures and 1.5 million shares of preferred stock. The company said the preferred stock will have a proposed aggregated offering valueReuter - 60 words
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242 1977-10-25 5 RECORD BALES and earnings for the third quarter and nine months of 1977 were reported by the Signal Companies, Inc. According to Mr. Forest N. Shumway, president and chief executive officer, all the markets In which Signal operates showed exceptional strength and resulted242 words
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Article67 1977-10-25 5 Reuter NATOMAS Co said It started oil production from its Rama D Platform in the South-east Sumatra contract area of Indonesia. Production from the first four wells was at an Initial combined rate of 11,500 barrels dally. Five additional wells are scheduled to go into production withinReuter - 67 words
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Article271 1977-10-25 5 UK COMPANIES FT A REORGANISATION of the trading arrangements between Rank Organisation and Xerox could be made "In the next few days." Mr. Russell Evans, managing director of Rank, said. The subject of the reorganisation said by Mr. Evans not to be of great significance Is believed toFT - 271 words
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Article177 1977-10-25 5 OCEAN Transport <i Trading, the Liverpoolbased shipping, transport and distribution group, has acquired the P and M and Trans flash group of Companies, of Bradford, for about £1.8 million. P L M and Transflash operate forwarding and international road transport services Including container groupage177 words
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Article173 1977-10-25 5 ASIAN COMPANIES Reuter MANILA, Mon.' President Marcos ordered the Government Service Insurance System (OSIS) to work out within a month with Rubicon Inc a fair price for the acquisition of the latter's majority shares in the flag carrier, Philippines Airlines (PAL), the presidential palace said. Rubicon, whichReuter - 173 words
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Article75 1977-10-25 5 Reuter MELBOURNE, Mon. The Prices Justification Tribunal said it awarded Broken Hill Pty a 4.08 per cent weighted average steel price Increase, effective to- day. The Increase is to cover cost Increases Incurred by BHP between the beginning of February and endAugust. The last steel price increaseReuter - 75 words
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Article68 1977-10-25 5 Reuter THE British government's Export Credits Guarantee Department said It is now arranging export insurance and financing facilities on short-term export business at an annual rate of £12 billion, up from £0.38 billion last year and about double the value of short term business insured byReuter - 68 words
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Article109 1977-10-25 5 Reuter MANILA, Mon. The National Electrification Administration (NEA) said It is negotiating with five financing groups for loans totalling US$l6O million to cover the foreign exchange requirements of its rural electrification project for the next five years. The NE A plans to provide electricity to allReuter - 109 words
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Page 5 Advertisements
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Advertisement201 1977-10-25 5 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 that knows good food. A kind of courteous service that201 words
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Article2272 1977-10-25 6 1*77 High Low Coapaay Lut Sale ♦erGr'» div Div e'rr Gfa yH Nat P/E V«1 COM) Day rack Low 8ECTION ONE INDUSTRIALS 154 204 110 238 88' 198* 109 224 414 171 134 170 58 212 57* 155 152 182 350 145 Acma Alcorn Allied Choc Bata2,272 words
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Article1224 1977-10-25 6 SB? 2S PrtO" OffKtelhr listed ofSlngapore rwtarSftfjy* number of sharss traded shown in bracket* In lota of 1.000 un£?JU>^,,..i 0U rwl,e All Time Settlement Contracta are quoted after the word "Sett." Bit ~5?5. <,e i'* < 'oU of 5.000 units) are quoted after the letters 88. SECTION1,224 words
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Article1246 1977-10-25 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of one thousand units unless otherwise specified INOUOTHIALO Ajlnainate (5.038 2.10 a). Alaant (1.708 1.74 ft). Ale*. Maid1,246 words
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Article48 1977-10-25 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of op- tions traded shown in brackets. C and C (Dec $1.90) (0.378 0.455). DBS (Dec $3.60) (0.108 0.208).48 words
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Article139 1977-10-25 6 SINGAPORE UNIT TRU8T INCOME BOND UNIT (Mtuccn wfaw for Oct 28) ICmwrt prices) The Commerce 1.71 1.81 INCOME BOND 108 1.14 The Saving Fund 1.02 1.08 S'pore Prog Fund 0.82 0.87xd MARA BI MIPITKA FUND 8'pore Security iMtupn' price* for Oct 25) s I U d Int 1139 words
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Article69 1977-10-25 6 4 3/4% 1/5/79 (250,000) (100.20B) 6 3/4% 15/6/80 (250,000) (104.806) 5 3/4% 1/6/78-80 (250.000) (101.208) 4 3/4% 15/9/80 (250,000) (99.208 99.455) 5% T F 15/4/81 (250,000) (101.75B) 5% T F 1/5/83 (250,000) (100.108 100.158) 7 1/4% 15/4/8S (250,000) (100.35B) 7 1/4% 15/10/8 C (250,000) (100.60S) 5 1/2% T69 words
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Page 6 Advertisements
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Advertisement179 1977-10-25 6 Confront Singapore's decision makers in Business Times I\-.' 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 these179 words
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Article, Illustration368 1977-10-25 7 MINING STOCKS featured bullishly ia selective trading on a generally quiet and easier Stock Exchange of Singapore yesterday. Gains in a few cases were fairly sharp with Kramat Tin showing the biggest rise of 85 cents to $5.96. Others that moved up significantly were Berjuntai, Sungei Besi,368 words
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Article517 1977-10-25 7 TIN STOCKS continued to receive bullish support on the Kuala Lumpur stock market yesterday despite the generally quiet and lacklustre condition. Although the prices of tin metal has levelled off slightly, following Its rapid rise to a peak of $1,870 a plcul on Saturday, sentiment In517 words
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Article70 1977-10-25 7 JAKARTA, Mon. The Indonesian oil company, Pertamina, has signed a contract with the American Continental oil company (Conoco) for oil exploration in the Indonesian province of Irian Jaya. A Pertamina spokesman said a similar contract was signed with the French oil company. Total Indonesia. Under the contracts, Pertamina70 words
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Article47 1977-10-25 7 FRANKFURT, Mon. NYK Line of Japan is calling Its 50 million mark 9.5 per cent five-year Eurobond ahead of schedule, effective Feb 1 1978, a bourse official said. The bond, issued at 99 per cent in 1975, will be repaid at 101 per cent. Reuter.47 words
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1066 1977-10-25 7 NYT NEW YORK: With Shortterm interest rates hovering at their highest levels In more than two years, money market mutual funds are dusting oft the welcome mat for a homecoming with the thousands of Individual Investors who began to abandon them In 1975. ThatNYT - 1,066 words
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INTERNATIONAL STOCK MARKETS
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Article331 1977-10-25 7 HONGKONG: The market closed easier In fairly quiet trading on Monday, on low turnover, dealers said. The Hang Seng index fell 0.31 point to 417.86. J inline MiUwwa fell 20 to 13.50, Hutchison five cents to 3.05 and Wheelock Mmrdea 2.50 cents to 2.45, while Hongkong Bank, Hongkong Land,331 words
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Article477 1977-10-25 7 TOKYO: Share price recovered moderately on selective demand for large-asset and lncenUvebacked issues on Monday, but trading was very quiet In the absence of fresh stimuli, dealers said. The Dow Jones average rose 16.83 to close at 5,134.15 with volume 110 million shares. The New Index was up 0.67477 words
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Article389 1977-10-25 7 SYDNEY: The market firmed on Monday, with BHP rising two cents to 5.94 exdlvldend after easing to 5.80. dealers said. The Sydney All-ordinaries Index rose 4.85 points to 451.12. The Wales rose six to 5.34, Plimw Concrete four to 1.39, Lead Lease 10 to 1.75, Myer five to 1.00,389 words
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Article163 1977-10-25 7 MANILA: The market closed mixed on Monday, with oils slightly higher while commercials and minings declined slightly, dealers said. Turnover dropped substantially to 3.15 million pesos from Friday's 0.80 million. Atlas and Phllex lost two points each while other minings declined fractionally, beading oils rose were steady or one163 words
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Article13 1977-10-25 7 BANGKOK: The market was closed on Monday for the Chulalongkong Day holiday.13 words
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Article746 1977-10-25 7 NYT NEW YORK: Wall Street is watching for a sign. It may come today, It may come tomorrow. When and If It does come according to one school of die-hard theorists It will confirm that the bull market Is dead and a bear marketNYT - 746 words
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1204 1977-10-25 7 NYT NEW YORK: Imagine a prosperous young attorney call him Dick Daring who Is ready to take a flyer on Wall Street. He's heard about the booming options market; It's supposed to be the way to make a quick killing. He calls aNYT - 1,204 words
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Page 7 Advertisements
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Advertisement389 1977-10-25 7 BUSINESS TIMES Airline Directory 110-112 Show Centra, Orchard Road, Singapore 9 (Tal: 377.111) Air Ctyion 302-1, 3rd Floor, Marino Horn Shonton Way, Singapore (1) (Tal: *****88) •or, ICB Building. 1 (Tal: *****11) Wm #iivii«wfi »»ay Air India 16th Floor, UIC I wilding, Shonton Way, Singapore 1 (Tat: 2205.277) Air Mew389 words
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COMMODITY REPORTS AND PRICES
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Article401 1977-10-25 8 THE Singapore rubber market yesterday opened one cent lower in line with the decline in London and fell further on stale bull selling and lack of buying Interest. Volume as small. Prices eased during the morning, and November RSS One buyers finished at 207.00 cents401 words
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Article30 1977-10-25 8 Rubber: Oct 24 Singapore: November 207.00 cenU (down two cent) Malaysia: November 209.25 cenU (down 1.50 ceata) Tin: 51,£60 (down $10) Official offering: 250 tonnee (up 70 tonne*)30 words
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Article375 1977-10-25 8 R A S prices In cents per kilo yesterday: 0 Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R S S prompt (.o.b. 20« 00 207 00N 206 00 207.OON Int. 1 R.S.S. Nov 207 00 207 25 207 00 207 50 Int. 1375 words
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Article98 1977-10-25 8 NOON ooK ar RAH Id SMK pnces ye»teru»j November (Currant Mth) Buyer* Seller* Decern (Forward Buyers ber Mth) Seller* SSR 20 <1ton pallet (cenU per kg) 201 50 203 SON (eeaupa 202.50 rk«) 204 SON SSR50 (1ton pallet > 199.00 201.00N 200 00 202 00N M.R.E.L.B SMR5CV98 words
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Article156 1977-10-25 8 LONDON, Mon. Terminal cocoa hardened by upto £20.50 per tonne at the opening call, basis near Dec at £2,450, but eased In thin dealings to flnslh the call £13 up to £5 down. Dealers said the initial rise was larger than expected against New York, but strength of sterling156 words
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Article283 1977-10-25 8 NEGLIGIBLE business was reported in the Singapore produce market yesterday. Foreign buying Interest remained generally scarce. Prices for most commodities tended lower under the influence of the weaker trends prevailing overseas over the weekend. Trading In coffee beans was non-existent as dealers here continued to adopt a wait-and-see283 words
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Article208 1977-10-25 8 LONDON, Men. Coffee futures finished the opening call about £25 to £45 higher. The official tone was "steady." Turnover totalled 405 lots. The terminal opened firmer than some traders expected with nearby Nov Initially trading £40 higher while other positions mostly showed gains of around £50. Trade sources said208 words
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Article304 1977-10-25 8 HONGKONG, Mon. The market closed easier In quiet and featureless trading, in line with Friday's trend in New York, dealers said. The market opened easier on speculative selling, but commission houses buying at low levels stemmed the decline, they said. Nearby October expired today, while the October '78304 words
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Article186 1977-10-25 8 LONDON, Mon. Terminal sugar was mostly easier at the opening call, finishing £1.50 down from Friday to £0.35 higher. Dealers said stronger sterling against the US dollar was a possible factor while market talks that Tunisia had taken 10,000 tonnes of whites at USsl9fl.so per tonne c and f186 words
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Article191 1977-10-25 8 BANGKOK, Moil. Indicative prices for rice quoted were: (US dollar* per tonne fob bull Bangkok): WHte Rice: 100 pet lit class 300.100 pet 2nd 204. 100 pet 3rd 288.5 pet Z79. 10 pet 260. 15 pet 257. 20 pet JBOs pet 247. 35 pet unq A-l Super IM. A-l191 words
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Article104 1977-10-25 8 LONDON, Mon. Copper wlrebars finished the morning ring with gains of mostly £1.00. Dealers said the premarket was boosted by light short-covering up to £703 per tonne for Three Months following the trend at New York and continued strength of gold. However, profit-taking and hedge selling soon pared the104 words
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Article69 1977-10-25 8 LONDON, Mon. Silver closed the ring with gains of 1.4 to 1.5 pence per troy ounce. The Initial firmness reflected buoyancy In gold with Three Months trading up to 276.5 pence per troy ounce in pre-market and early ring dealings. A relatively low bullion dealers' fix brought out profit-taking69 words
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Article55 1977-10-25 8 LONDON, Mon. Zinc ended ring dealings £2.50 up all round. Dealers said this market remained very quiet, with prices slightly higher, reflecting the firmer lead market and the fairly substantial fall In last week's warehouse stocks. Three Months traded only at £300 and ring sales were 1,100 tonnes, about55 words
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1218 1977-10-25 8 AFP LONDON, Mon. News that the US Senate had turned down a proposal to sell tin from Its strategic stockpile brought sharply higher prices for this metal, which touched new record levels ahead of the weekend, and added a sparkle to aAFP - 1,218 words
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Article151 1977-10-25 8 THE kllobar market in Singapore yesterday opened at 5512,696 and closed at 5512,664 In quiet trading conditions. In the London market, the metal opened at U*****.75/95 and closed at U*****.45/65. The London morning fix was U*****.70, up $1.50 from the previous fix. Source: Singmao. Retail prices per tael quoted151 words
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Article185 1977-10-25 8 THE Straits tin price In Penang yesterday was down MS 10 to 51,860 on an official offering up 70 tonnes to 250 tonnes. The market eased in a technical reaction to last week's sustained rise, and on a higher volume of tin concentrates noted yesterday, dealers said. In185 words
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Article115 1977-10-25 8 LONDON, Mon. Lead Sn«l £4 25 for cash and 75 for Three Months by the end of morning ring dealings. Dealers said prices were steadier on the pre-market on trade covering against physical sales to the US and initial steadiness of copper. In the ring, there was good followthrough115 words
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MONEY AND EXCHANGES
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Article517 1977-10-25 8 WITH no speculative Interest evident In any scale, the forex market yesterday ruled quiet with Interest concentrated In the Japanese yen. The US currency weakened against the yen which began the day at 253 -45/55 yen to the dollar and thereafter, continued to move further downwards to end the517 words
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Article44 1977-10-25 8 ACBC 7 6>. Alfenme Bank 7 Citibank 7 Bangkok Bank HSBC 7 7 Bank of China 7 Malayan Banking 7 Bank of Tokyo 7 Bank Nafara 7 OCBC otm IS 7 ucn 7 Cba«e Manhattan UMBC 7 DBS 7 UOB 744 words
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Article142 1977-10-25 8 Asian rates ASIAN currency deposit rata u at clow on Oct >4 Inter bank US Ml* in (8pat) 7dajr* 1 mth 2 mth* 3 mtlu 8 mt.ru 8 mtlu 12 mth* Otfm 6 9/19 9 U/l« .9 15/19 .7S/16 7H .7% .711/19 97/19 99/19 913/19 71/19 7* 7* 79/19 1142 words
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Article51 1977-10-25 8 RANGE of price* offered by discount houses on Oct 24 Overnight J** C*U deposit 3% to 3*% Cloaiaf 3- Month Treasury bill* 3-Month Bank Mils 3-Month CD 6-Month CD 3 via 4 1/4 5 1/4 S 7/1 3 1/16 4 VI 5 1/B 5 3/4 Source: National Discount Co.51 words
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Article118 1977-10-25 8 Euro rates LONDON, Mon. Trading In Eurodollar deposits was quiet and rates were little change from Friday's closing, dealers aid. The One Month rate lost 3/8 pokit because of the loss of the Friday end of period technicality and was auoted at 6 11/16 8/16. Rollover business and Far Eastern118 words
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Article211 1977-10-25 8 LONDON, Mon. The dollar opened sharply lower here In active trading. It fell to 2.2365 Swiss francs, an all-time low, against 2.2550/70 at the Friday finish, dealers said. The dollar later edged up to 2.2373/88 Swiss francs from Its initial low. Dealers noted that operators are confused over the211 words
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Article199 1977-10-25 8 TOKYO, Man. The dollar for overnight delivery closed at 252.70 yen, down from the opening 253.80 and last Friday's close of 254.95, dealers said. The Bank of Japan bought an estimated US$lO million In the afternoon at 253.10 and 253.00 yen, dealers said. Spot trading volume was $366 million.199 words
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Article134 1977-10-25 8 HONGKONG, Mon. The US dollar fell to 252.55/65 yen from its New York Friday mid-point closing equivalent of 253.65 after opening slightly higher at 253.70/80 In fairly quiet trading, dealers said. The US unit also eased to 2.2608/18 marks after opening at 2.2650/60 below Its Friday New York closing134 words
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Article50 1977-10-25 8 FRANKFURT exchanges opening quotes on Oct 24. US 2.361 V 25 Can 2 000/ 40 UK 4.OQS/ OK Netli 93.06/ It Bwtts 100 95/ 101 06 Italy 2.57/ 58 France 40 .10/ 80 Nor* 41.42/ 53 Belf com 8.41 V 425 Belt fin 6.42/ 43 Japan 0 8045/ 0050 words
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Article41 1977-10-25 8 AUSTRALIA/ NZ exchanges quoted on Oct 24. AUSTRALIA Sterfcni 0 8371/ 0 8308 OS dollar 1.1390/ 1.1302 Ninety-day air mall buying rate* Sterling 0 0602 USdoNan 1 1531 Ninety-day forward buying rates: Sterttnc 0.83W US down 1.1154 HEW ZEALAND' hohday41 words
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Article355 1977-10-25 8 LONDON, Mon. Straight bonds traded occasionally easier in mostly quiet conditions, dealers said. US issues were easier by around 1/8 to 1/4, with some falls ranging to 3/8, following the weakness of the dollar against European currencies. Activity was quiet to moderate and mostlv confined to professional selling. Canadian355 words
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Page 8 Advertisements
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Advertisement381 1977-10-25 8 from Penguin o BELLOW 1976 Nobel Prizewinner 1976 Nobel Prize Winner is at his best again in his latest book To Jerusalem and Back'. As with his recent best-seller 'Humboldt's Gift', Bellow's brilliant images emerge at frequent intervals like sunshine through fog, witty, clever, radiantly imaginative and without doubt, Bellow381 words
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703 1977-10-25 9 Reuter LONDON, Mon. Though they may not realise It, supersonic tourists and businessmen aboard the Anglo-French Concorde are travelling on the very edge of "outer space." The speed and altitude at which these lets fly creates medical problems potential exposure to hlghaltltude pressureReuter - 703 words
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Article302 1977-10-25 9 UPI BAL HARBOUR, (Florida), Mon. The country's largest shipping group broke away from a six-port association yesterday and became the only group still negotiating with the international Longshoremen's Association in hopes of settling a three-week strike. James Dlckman, president of the New YorkUPI - 302 words
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Article, Illustration393 1977-10-25 9 EXPECTED ARRIVALS TOOAY KEPPEL WHARVES Apollo Teak (3FOC) (1430 after Thompson Lykes) 47 Bela Kosmo (1830 hauls after Oeorgly Chlcherln) 31/32 Bunga Oelang (0000 after Oerbera) 19 Jalakendra (after Turkmenlya Protesllaus hauls) 38/30 Manoloeverett (1530 tide after Montes) 23/24 Mu Shan (HPVT) (after Fujlhoshl M&ru) 16 New Globe393 words
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242 1977-10-25 9 AP WASHINGTON, Mon. The US Civil Aeronautics Board (CAB) Is trying to keep the charter airline Industry flying amid new cheap air fares of the major carriers. The board today proposed rules designed to help the charters attract passengers. The proposals would reduceAP - 242 words
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Article81 1977-10-25 9 Reuter TOKYO, Mon. The Transport Ministry said Japan's shipbuilding in the first half of fiscal 1977 ended Sept. 30 fell to 20tf ships totalling 3.05 million gross tons on a construction approval basis from 288 ships totalling 3.77 million tons In the same period of lastReuter - 81 words
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Article28 1977-10-25 9 LE HAVRE, Mon. The world's longest passenger liner, the 55,000 ton Prance, has been sold to an unnamed Saudi Arabian businessman, maritime sources announced here today.28 words
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584 1977-10-25 9 NYT DETROIT: Casing Into Detroit's crystal ball can be a risky business, but amidst the haze, some things seem clear about the American car of the future. In the next seven years, the car companies' main task one to which they areNYT - 584 words
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Article290 1977-10-25 9 CENTRAL Gulf Lines, today operates the world's largest LASH (Lighter aboard ship) fleet. Pioneers of LASH operations, Central Gulf demonstrated how the LASH system could provide cargo shipper and operational advantages both for areas that contain back-up inland river systems* as well aa for major and developing port290 words
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138 1977-10-25 9 KUALA LUMPUR, Man. The MAS' new DC 10 will wing Its way to a second European destination Frankfurt this Sunday and 10mm Inflight movies with stereo music will be shown on board, its spokesman said today. He added that this was "exclusively the MAS138 words
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144 1977-10-25 9 Reuter WALLAROO, (Australia), Mon. A Chinese bulk carrier, the M,OOO tonne Wu Zhou, rammed a wharf at this South Australian grain port today, causing an estimated All million (812.7 million) damage, port authorities reported. The carrier nit the wharf as It was docking to beginReuter - 144 words
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Article587 1977-10-25 9 ARRIVALS Sarviee Local Operator Number TfaM From 'CAL CI 331 0040 TPE/HKO/KUL CPA v CX003 0145 HKO TMA TL303B 0215 BEY/DXB/ BOM/KUL MAS MH682 0610 KCH MAS MH671 0945 PEN/KUL CAL cisoe 1000 HLP OIA OA 980 1030 HLP SIA SQ211 1045 HLP OIA OA944 1055 PKU587 words
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Article120 1977-10-25 9 Reuter ROME, Mon. Italy's train services were paralysed yesterday and hundreds of passengers stranded by a strike of nearby 200,000 rallwaymen wanting more pay. The 24-hour strike by guards and drivers, demanding an Immediate monthly bonus of 30,000 lire (SsB2) and reorganisation of the state-controlled railways,Reuter - 120 words
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Page 9 Advertisements
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Advertisement388 1977-10-25 9 •y •r i .dm l »/7// >///. n to V/ Sy Top THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have388 words
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1579 1977-10-25 10 THOMAS MULLANEY - By THOMAS MULLANEY NYT NEW YORK: Once again, a national debate is heating up about the type of stimulus the American economy may need to keep Its current expansionary cycle running and to bring down the stubbornly-high unemployment rate. The White House ensured thatNYT - 1,579 words
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Article, Illustration959 1977-10-25 10 Of all the revolutions that have happened in the Third World, one of the most interesting is the Steel Revolution, as a result of which the developing nations are slowly but definitely beginning to take over bulk steel production from the industrialised countries. But the richFT - 959 words
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Article, Illustration866 1977-10-25 10 Why is China taking right-wing politicians like Britain's Edward Heath to its bosom? Because China wants to see a strong Europe to hold back Russia, and, from China, European rightists look much more European than the leftists. Colina MacDougall reports from London. FT CHINA'S quarrelFT - 866 words
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Article, Illustration1074 1977-10-25 10 BERNARD GWERTZMAN - By BERNARD GWERTZMAN NYT WASHINGTON: When President Carter receives Prince Saud Al-Falsal, the Foreign Minister of Saudi Arabia, at the White House today, the United States will again be underscoring the importance It attaches to Saudi Arabia's role as a power broker In WeslAsla, the driving forceNYT - 1,074 words
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Page 10 Advertisements
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Advertisement120 1977-10-25 10 with its Code of Ethics The code is a guarantee to the consumer that all DSAS member companies are honour-bound to conduct business ethically and will take actions against any complaint of improper practices. You are assured of quality and reliability when you buy from a DSAS member salesperson who120 words
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Article, Illustration1036 1977-10-25 11 KUALA LUMPUR, Mon. The 1978 budget which Finance Minister Tengku Razalelgh unveils In Parliament on Friday will be one which has plumbed the depths of thinking of the private sector. f The series of consultations he has conducted with various representative organisations1,036 words
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215 1977-10-25 11 Reuter MANILA, Mon. The National Electrification Administration (NEA) is negotiating with five financing groups for loans totalling US$l6O million (Ss3B4 million) to finance the foreign exchange requirements of its rural electrification project for the next five years, its officials said today. NEAReuter - 215 words
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Article99 1977-10-25 11 Reuter MANILA, Mon. The Philippines' exports for the first nine months of this year were worth US$l.97 billion (Ss4 billion) compared to $1.65 billion in the same period last year, Customs statistics show. The figures, based on shipments do not make comparisons with Imports. Sugar had theReuter - 99 words
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413 1977-10-25 11 Reuter SYDNEY, Mon. Prime Minister Malcolm Fraser told Australians today that they are heading for an early general election either In December or next April or May. In his first public statement on widespread speculation that his Conservative coalition government plans a snap pollReuter - 413 words
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299 1977-10-25 11 AP JAKARTA, Mon. Indonesia may have to import 1.3 million tonnes of rice for the 1977-78 fiscal year because some rice producing regions are hit by drought, the Director General of Agriculture and Estates, Achmad Effendl said today. Indonesia should double its rice productionAP - 299 words
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268 1977-10-25 11 Reuter SEOUL, Mon. The International Cotton Advisory Committee (ICAC) opened Its 36th annual plenary meeting here today to discuss production and consumption projections and trade for 1977-78, prices, stock and other related cotton problems. The six-day meeting was attended by a total of 178Reuter - 268 words
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Article397 1977-10-25 11 AFP HONGKONG, Mon. China's fifth National People's Congress win convene next spring before the due date, New China News Agency (NCNA) officially announced, quoting Chairman Hua Kuo-feng. There will be a total overhaul of all the revolutionary committees (local governments) at the provincial, municipal and autonomous regionAFP - 397 words
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Article87 1977-10-25 11 A TALK on Property Tax In Singapore will be given by Mr. Tan Kim Lee, Senior lecturer In the Faculty of Architecture and Building of the University of Singapore. It is to be held at the Shangri-La Hotel on Nov 8 at 6 p.m. He will emphasise87 words
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Article1313 1977-10-25 11 LETTER TO THE EDITOR DEAR Sir, Re: Editorial article on Monday, Oct 24, 1977 headlined "DELAYED ACTION". WE MUST refer you to the above article In connection with the takeover of Temenggong Ltd. by Bowater Corporation Ltd. In which you have criticised both the1,313 words
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Article155 1977-10-25 11 ASEA Singapore's opening of Its new ft-mllllon facility this Friday marks the Swedish company's growth from a sales representative office set up here In January, 1971 to a full manufacturing concern now. As Its sales trebled In the first three years of operation here, the155 words
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Article57 1977-10-25 11 PIONEER, one of Japan's leading sound system manufacturers, will be marketing its Avante 2 hl-fl audio system from November. This latest system Is an improvement on the Avante 1 which it Introduced last year. Pioneer's International marketing manager, Mr. T. Mlyajl, said the main market for the Avante 257 words
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807 1977-10-25 11 UPI HONGKONG Mon. Santa Claus Is alive and working In Hongkong, where he employs nearly 53,000 elves who turn out more toys for export than any nation In the world. Santa's toys, made by 1,659 registered factories here, are as much a boonUPI - 807 words
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307 1977-10-25 11 AFP HONGKONG. Moa. South Korea's remarkable economic succeee and its trade threat to Hongkong are underlined in an article in the current isaue of the Hongkong General Chamber of Commerce'a magazine "The Bulbtk". It statea, "the Korean aucceaa story is almost as remarkableAFP - 307 words
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Article137 1977-10-25 11 EXPORT-MINDED local manufacturers wishing to come to grips with the fundamentals of international marketing may find It worthwhile participating in a symposium organised by the local chapter of the International Association of Business and Economic Students. The symposium, scheduled for Nov 12 at the Regional English137 words
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Article59 1977-10-25 11 UPI GENEVA, Mon. Major world producers and consumers of Iron ore met today for the first time In more than five years to discuss the possibility of an International price stabilisation arrangement. The week-long meeting was convened by the UN Conference on Trade and Development (Unctad) InUPI - 59 words
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Page 11 Advertisements
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Advertisement347 1977-10-25 11 THE INSTITUTE OF BANKING AND FINANCE invites suitably qualified persons for the post of Senior Training Officer/ Training Officer (Salary Negotiable) Candidates should be Singapore Citizens or Permanent Residents with a university degree, i preferably in Economics, Law Business Administration or Accountancy; or AIB qualification; have at least three years'347 words
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243 1977-10-25 12 WESTERN Eagle Pte. Ltd., a Joint-venture ship-repair yard of Eagle Engineering, Keppel Shipyard and the Development Bank of Singapore, is again at the centre of an industrial dispute for the third time this year. The bone of contention right now Is overtime pay. In243 words
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Article86 1977-10-25 12 Reuter TAIPEH, Mon. Taiwan can look forward to an 8 per cent growth rate this year, Just half a per cent below the target, according to the Minister for Economic Affairs, Mr. Y.S. Sun. Mr. Sun was quoted by the Central News Agency, as saying thatReuter - 86 words
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Article, Illustration814 1977-10-25 12 TERESA LIM - PILLAY KEEN ON TOKYO ROUTE By TERESA LIM SINGAPORE Airlines (SIA) signed what was described as a "historic contract" with British Airways (BA) yesterday for a joint Concorde service between London and Singapore. But BA Indicated it would be discussing with Qantas rather than814 words
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Article750 1977-10-25 12 LONDON, Mon. Gold shares closed above the day's lows, helped by the rise In the bullion price, but net falls still ranged to over a point among heavyweight producers. The political developments In South Africa contributed to the decline, dealers said. Trading was moderate. Domestic Issues were generally750 words
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179 1977-10-25 12 Reuter TOKYO, Mon. Japan's Parliament today passed a 270 billion yen (512.53 billion) supplementary Budget and an additional fiscal loan and Investment programme of 730.4 billion yen to reflate the country's economy and stimulate Imports. The budget and programme, which constitute the major part ofReuter - 179 words
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Article85 1977-10-25 12 AP NICOSIA, Mon. Saudi Arabia's production of liquefied petroleum gas will amount to 15 million tonnes a year by-1985, the MiddleEast Economic Survey reported today. The oil newsletter quoted the governor of the Baudl state-owned oil company Petromln, Abdul Hadl Taher, as saying the kingdom also willAP - 85 words
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286 1977-10-25 12 KUALA LUMPUR, Men. Palm oil processing mills will be required to reduce the discharge of effluents Into the rivers from July 1 next year. These mills will be given four years to bring down their pollution load under the Environment Quality (Prescribed Premises)286 words
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417 1977-10-25 12 KUALA LUMPUR, Mon. The Democratic Action Party today sought leave of the Dew an Rakyat to Introduce a private member's bill to amend the National Bureau of Investigation Act, 1973 to establish the NBI as a fully Independent agency answerable only to Parliament.417 words
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Article105 1977-10-25 12 Reuter LONDON, Mon. England's pin stripes and bowler hat brigade, once the world's best-dressed businessmen, were told today they have slumped Into second place behind smart Japanese. Hit by inflation, the average Englishman is now appearing "each day with his elbows either patched or shiny and his collar andReuter - 105 words
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434 1977-10-25 12 Reuter MANILA, Mon. Slme Darby Holdings Ltd., a British controlled holding company registered and based in Singapore, appears to be the largest company In four Assan countries in terms of consolidated assets at the end of 1975, according to preliminary findings In a studyReuter - 434 words
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187 1977-10-25 12 PENANG, Mob. The total withdrawal of Penang's free port statu* is expected to be featured in the finance Minister's Budget address in Parliament on FVidsy. Businessmen and the chambers of commerce here feel that "this final bow" to the alreadyeroded free port status will187 words
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404 1977-10-25 12 Reuter HONGKONG, Mon. Substantial non-lnfla-tlonary economic growth In major Industrialised countries Is most unlikely over the next two years, Townsend-Greenspan and Co president Alan Greenspan said today/ Mr. Greenspan, formerly chairman of the US Council of Economic Advisers, said the major problem facingReuter - 404 words
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236 1977-10-25 12 SMALL renovation contractors fear competition from the new National Trades Union Congress Design Centre and from Housing and Urban Development Corporation approved (HUDC) contractors may run them out of business, or at best, reduce them to mere manpower suppliers. The chairman of the Singapore236 words
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203 1977-10-25 12 AP NICOSIA, Mon. Libya plans to raise Its dally average output of crude oil from the current 2.1 million barrels to 2.7 million barrels by 1980, the Middle East Economic Survey reported today. The newsletter quoted Mr. Omar Muntasser, chairman of the NationalAP - 203 words
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Article146 1977-10-25 12 UPI TOKYO. Mon. An International oil venture has struck a new oil and natural gas well In a concession off south-east Sumatra, a Japanese partner reported today. Japan Low Sulfur Oil Co. (Jalosco) said the new well Is In the Kartlnl offshore oil formation and IsUPI - 146 words
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Page 12 Advertisements
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Advertisement47 1977-10-25 12 The Love o! nese SI 4 A > LS-. *0, f UP Kenneth Lo, the Win-known CMnm cookery writer, introduce* toe reader to ttw techniques el Chineoe cooking, and gives an Inoight Into their unique way of eetlng. Beginning wWi almpto onoC MO Kenneth Lo Sitl 235 cm.47 words
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