The Business Times, 2 February 1977
1977-02-02
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The Business Times
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Title Section9 1977-02-02 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, FEBRUARY, 2, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article70 1977-02-02 1 Reuter PEKING, Tues. Peking Mayor Wu Teh and a few other members of the Chinese Politburo have reservations about rehabilitating the purged moderate leader Teng Hslao-plng, a well-inform-ed source said today. The source said the crucial problem exercising the Politburo In preparing the way for Mr.Reuter - 70 words
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Article64 1977-02-02 1 AP KUALA LUMPUR, Tues. Malaysia will reiterate Its co-operation with Thailand to suppress the common enemy at the border when the Thai Foreign Minister Upadlt Pancharlyangkun begins his three-day visit here on Thursday. Foreign Minister Tengku Ahmad Rlthauddeen said today this follows the success by theAP - 64 words
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Article63 1977-02-02 1 UPI MANILA, Tues. A consortium of American, Swedish and Filipino oil exploration companies announced today plans to push through drilling operations in the controversial Spratley Islands in the South China Sea. Executives of the consortium told President Marcos two more wells would be drilled at theUPI - 63 words
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Article68 1977-02-02 1 AP SEOUL, Tues. South Korea's exports in January amounted to US$6l2 million (Ssl.s billion), down from $831 million for the previous month. However, the Commerce and Industry Ministry said the January 1977 figures were up from $409 million last year. The January figure fell short of the $650AP - 68 words
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Article50 1977-02-02 1 SINGAPORE Airline's shares have appreciated from $2.70 the price at which its shares were made to staff between December 1975 and March 1976 to $3.45, an increase of 28 per cent. Further offers are being made to staff and future share offers are expected to be made annually.50 words
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Article39 1977-02-02 1 AP RIO DE JANEIRO, Tues. The Brazilian Coffee Institute (BCI) has forecast a 1977 coffee harvest of 14.8 million bags, weighing 60.5 kg each, which amounts to more than double the post-frost harvest of last year. APAP - 39 words
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Article48 1977-02-02 1 AP NAIROBI, Tues. Japan's Deputy International Trade and Industry Minister, Kakuzoh Kawamotl, said today his country is reviewing its aid to developing countries and plans to "soften" loan conditions. Mr. Kawamotl said developing nations needed expanded commodity loans ana his government was studying the matter. APAP - 48 words
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Article37 1977-02-02 1 UPI LONDON, Tues. British shipping tycoon Ravi Tlkoo today ordered the world's first nuclearpowered oil tankers from a US shipbuilder and said the three 600,000 tonne vessels would cost nearly US$l billion (552.5 billion). UPIUPI - 37 words
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Article40 1977-02-02 1 Reuter BANGKOK, Tues. The Thai Foreign Ministry said today that it had sent a strong note to the Cambodian Government protesting what it called an "inhuman" raid by Cambodian troops in which 30 Thais were killed. Reuter.Reuter - 40 words
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Article44 1977-02-02 1 UPI NEW YORK, Tues. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 953.71, down 0.66; 20 transp 226.84, up 0.22; 15 utlls 109.76, up 0.45; 65 stocks 312.99. up 0.17. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration190 1977-02-02 1 INTEREST at- the Stock Exchange of Singapore yesterday was centred on the pilot option trading scheme which met with quite good response on its first day of operations. As for the rest of the market, trading was dull and easier. The Business Times index fell 1.59 points190 words
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971 1977-02-02 1 ANTHONY ROWLEY - BETTER THAN EXPECTED By ANTHONY ROWLEY INVESTORS responded enthusiastically to the Introduction of option trading on the Stock Exchange of Singapore yesterday and, by the end of the day, options covering a total of 422,000 shares had been bought. This Is equivalent to971 words
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Article67 1977-02-02 1 Reuter TOKYO, Tues. The Federation of Securities Dealers Association said it would send a survey mission to the US and Canada in late March to study option trading on stock exchanges there. A spokesman said following the mission the federation will make an interim report on whether orReuter - 67 words
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1099 1977-02-02 1 GBNTING Highlands Hotels offer to acquire Golden Hope Plantations shares It does not already own at 96p each Is generous, the company's chairman says, contradicting the line put out by Golden's board that It undervalues the plantation company. Genting has topped Golden's offensive1,099 words
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365 1977-02-02 1 A LEADING expert on the property market satd yesterday that a recent Business Times report stating that nearly nine out of 10 Singaporeans will be living in government housing in five years time was overly pessimistic. By his estimate, at least365 words
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249 1977-02-02 1 Reuter THE prospect of US General Services Administration (GSA) tin sales triggered an Msll per picul fall in the Straits tin price to 11,428 yesterday. Buyers turned cautious following news overnight that a bill to release 30,000 long tons of grade "A"Reuter - 249 words
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Article74 1977-02-02 1 LONDON, Tues. Britain's miners have accepted the National Coal Board's early retirement offer, avoiding the threat of a nationwide strike. The miners' union voted late last year to authorise Its leaders to call a strike if need be. The unions dem'anded retirement at 60 in 1977. The Coal74 words
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521 1977-02-02 1 SINGAPORE and Thailand have agreed to cut by 10 per cent existing tariffs on all domestic products traded between the two countries. This was announced In a Joint press statement issued in Chiang Mai yesterday during Prime Minister Mr. Lee Kuan Yew's four day521 words
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Article64 1977-02-02 1 AP JAKARTA, Tues. Indonesia's Minister for Economic, Financial and Industrial Affairs, Widjojo Nltisastro, said today the Association of South-east Asian Nations will meet with the European Economic Community In Brussels In April to discuss raw materials and export commodities. He said the meeting was among matters agreedAP - 64 words
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Page 1 Advertisements
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Advertisement188 1977-02-02 1 SKILLS—TOMS Dispense with the usual frills, get the job bone quickly and skilfully. Try Manpower for professional temporary help in offices, sales, data processing, stores and other categories. Call us today! ©MANPOWER *****8 temporary services Xow your old printing calculator Is worth $100 when you trade it in For a188 words
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OVERSEAS
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230 1977-02-02 2 Reuter TOXYO, Tues. The Japanese central bank said yesterday the outlook for the world economy In 1977 was serious because the power of recovery In advanced Industrial nations Is still weak while the developing countries will face aggravation of their difficulties. The BankReuter - 230 words
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772 1977-02-02 2 AS EARLY AS 1980 Reuter LONDON, Tues. New York is starting to expand its International financial role at a pace which could make It the dominant world money centre within the next few years, some US and European bankers say. New York couldReuter - 772 words
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Article313 1977-02-02 2 AP ROME. Tues. The UN World Food Programme (WFP) says it spent nearly US$3 million (557.3 million) last year to make sure food it Was distributing to the poor reached its destination. Payments totalled U552.95 million in 1976, with the money going to 25 ofAP - 313 words
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Article86 1977-02-02 2 Reuter KUWAIT, Tues. The Kuwait weekly news magazine Al-Yakaza yesterday said Iraq and the United States were preparing to restore diplomatic relations after a break of almost 10 years. Iraq cut Its ties with the United States after the 1967 Arab-Israeli war In protest atReuter - 86 words
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Article291 1977-02-02 2 Reuter TOKYO. Tues. Japan's revised overall balance of payments surplus rose to US$464 million (551.13 billion) in December from 1280 million in November, but was down from $€13 million in December 1975, the Finance Ministry announced. The December figures bring the total revised overallReuter - 291 words
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Article58 1977-02-02 2 UPI OSAKA, Tues. The Korea Trade Centre here said the next Seoul International Trade Fair will be held In the South Korean capital from April 17 May 12. The centre, run by the Korea Trade Promotion Corp., said more than 100 firms will display over 10,000 Items, IncludingUPI - 58 words
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Article, Illustration377 1977-02-02 2 UPI TOKYO. Tues. Vice President Walter Mond&le today said Prime Minister Takeo Fukuda Is concerned over the high level of Japanese colour television exports to the United States last year. At a press conference Srlor to his departure from apan winding up his 10day diplomaticUPI - 377 words
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430 1977-02-02 2 AP NEW YORK, Tues. America's coldest winter In years may be causing serious setback to the nation's economy which was Just starting to recover from a lull when the severe weather hit. Although private and government economists say It Is too earlyAP - 430 words
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141 1977-02-02 2 Reuter OTTAWA, Tues. The Bank of Canada announced It has reduced Its prime rate to eight per cent from 8-1/2 per cent, effective today. The cut Is the third In Just over two months. Bank of Canada's Governor Mr. Gerald Bouey also announced thatReuter - 141 words
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Article231 1977-02-02 2 Reuter WASHINGTON, Tues. The US Agriculture Department said the 1976-77 world sugar crop will likely total near 87 million tonnes, five million more than the previous crop and four million tonnes In excess of estimated world consumption. In a summary of Its sugar and sweetener reportReuter - 231 words
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263 1977-02-02 2 Reuter ORLANDO, (Florida,) Tues. A prospective fall In US and foreign cotton stocks will have a potentially bullish Impact on the world price outlook In the months ahead, the annual meeting of the National Cotton Council was told here. The Council's economic and marketReuter - 263 words
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Article117 1977-02-02 2 Reuter TOKYO, Tues. The Japanese steel Industry will cut crude steel production In the first quarter of this year to about 25.9 million tonnes from an official production guideline of 26.4 million tonnes to cope with increasing stocks of steel products, Nippon Steel Corp said. Last December,Reuter - 117 words
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Article114 1977-02-02 2 Reuter LONDON, Tues. Known needs for copper combined with possible interruptions to supply are probably suf fl-' clent for the moment to prevent any significant decline in prices from present levels, according to Rudolf Wolff and Co's, latest metal market report. Sentiment in the market Is certainlyReuter - 114 words
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215 1977-02-02 2 AP GENEVA, Tues. The standing watchdog body of the International Textile Agreement asked Hongkong and Canada yesterday to continue mutual talks on their dispute and provide a detailed report within 30 days. The decision by the group, called the Textile Surveillance Body, followed aAP - 215 words
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Article113 1977-02-02 2 Reuter MUNICH, Tues. West German companies Intend to invest more money abroad in the period 1976-80 than they did In 1970-75, though the Increase will not be large, the IFO Economic Research Institute said. Among the chief foreign Investors will again be the basic materialsReuter - 113 words
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Article67 1977-02-02 2 Reuter TOKYO, Tues. Three Japanese experts will visit Thailand early next month to study the possibility of building a trade base in the Bay of Bangkok for transshipping agricultural export products such as rice and maize, the Construction Ministry said here today. It said the preliminary survey hadReuter - 67 words
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207 1977-02-02 3 AP ROME, Tues. The Italian Cabinet, after an unexpectedly long and quarrelsome meeting, approved early today measures to hold wage increases to less than one per cent this year, a government spokesman said. Minimum wages rose more than 25 per centAP - 207 words
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Article68 1977-02-02 3 Reuter ROME, Tues. The Italian Government tonight called fpr tenders from international companies to remove 900 poison-filled drums that could cause a pollution disaster off the country's Adriatic coast. The cabinet issued its appeal for tenders after discussing ways of dealing with the drums, part of aReuter - 68 words
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Article, Illustration538 1977-02-02 3 LONDON, Tuesday Reuter BRITISH Chancellor of the Exchequer Denis Healey last night called for a coordinated effort by the all major economic powers In the world to Improve the working of the lnternation economic system. He told an overseas bankers club dinner hereReuter - 538 words
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263 1977-02-02 3 UPI LONDON, Tues. The Governor of the Bank of England, Mr. Gordon Richardson, told bankers that Britain Is at the point of transition to a favourable balance of payments. Last year, North Sea oil affected the balance of payments adversely becauseUPI - 263 words
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Article82 1977-02-02 3 Reuter WASHINGTON, Tues. Machine tool orders declined 6.5 per cent in December to U*****.3 million but were nearly double the same month last year, the National Machine Tool Builders Association said. For the full year orders rose 88 per cent to U552.23 billion. Shipments In December roseReuter - 82 words
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248 1977-02-02 3 AP UNITED NATIONS, Tues. West Germany's Minister for Economic Co-operation said yesterday that, subject to Parliamentary approval, the Bonn Government would give the equivalent of U5545.5 million (SIIO9 million) to two UN aid funds this year. That would be overAP - 248 words
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315 1977-02-02 3 AP Reuter WASHINGTON, Tues. In one of the largest gold tales in history, the International Monetary Fund arranged to sell nearly six million ounces of gold at the bargain price of US$24l million (SSS7B million) yesterday. The gold sale resultedAP; Reuter - 315 words
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618 1977-02-02 3 AP WASHINGTON. Tues. Calling the recent rash of tanker accidents "intolerable, "US Transportation Secretary Brock Adams yesterday directed that all tankers operating in US waters be equipped with a variety of navigational and safety devices. In his first major action asAP - 618 words
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303 1977-02-02 3 UPI WASHINGTON, Tues. Reduced oil Imports might bring pressure to bear on foreign oil producers but would result In only limited foreign policy benefits for the United States, a Federal Trade Commission study said today. "The United States, even at its present levelUPI - 303 words
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Page 2 Advertisements
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Advertisement441 1977-02-02 2 Bu SINGAPORE VC'»*s V r- VOL 1 NOl iVWW *>? PHICE $30C X. sf r V The people who matter already know us. Join them. Get a copy from your newsvendor or mail this coupon now and get a free slip-case which will hold the 12 issues. Subscribe now and441 words
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Page 2 Miscellaneous
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Miscellaneous320 1977-02-02 2 WEATHER report for 24 hours prior to 7.30 p.m. on Feb 1 at Singapore airport: Maximum temperature 33.0° C Associated humidity 57 Minimum temperature 22.6° C Associated humidity 98 Hours of sunshine 10.20 Rainfall in millimetres nil Total rainfall for the month nil Total rainy days for the month nil320 words
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Page 3 Advertisements
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Advertisement154 1977-02-02 3 I i I J i i > V- fx -v JSX. fi 'Pk W a&laK •'■IM *> >-• si Every Tuesday and only non-slop service. Now you can fly one of Air New Zealand's wide-bodied DC-10s to New Zealand for only $1,743* return. It's a fantastic 45% reduction on the154 words
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COMPANY NEWS
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Article792 1977-02-02 4 GOH ENG KEE - By GOH ENG KEE AFTER two years in the red, Allied Chocolate Industries is likely to show a profit again or at least break even for the year ended Dec 31, 1976. The main Impetus for the turnround should come from an appreciable Increase in group792 words
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Article194 1977-02-02 4 Current payment Ex Date Date payable Total for the year Total for previous year C.C.M. Pahang Pref. U.M. Flour Sel. Dredfiai D. Keramat Ulu Ben ut N.B. Timber* Straits Time* Timet Publifhing M. Tobacco Idris Hyd. TanjongTin S. P. Textile Rahman Hyd. Yeo Hiap Seng (M) Go pen#194 words
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COMPANY MEETINGS
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19 1977-02-02 4 Industrial Electronics Engineering Ltd.: Feb 10, 3 p.m., 10 A, Commonwealth Lane, Block 34. Buona Vista Estate, Singapore 3.19 words
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14 1977-02-02 4 Feb 12, 11 a.m., No 6 Tambun Road, Ipoh.14 words
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20 1977-02-02 4 Feb 15. 10 a.m.. Registered Office, Penthouse. 10th Floor, Wlsma Central. Jalan Ampang, Kuala Lumpur.20 words
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Article16 1977-02-02 4 Feb 16, 12 noon. No. 14 Jalan 223, Section 20 A. Petaling Jaya.16 words
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381 1977-02-02 4 SOUTH Pacific Textile Industries is on the recovery path after being severely hit by recessionary conditions In 1975. Against a sharp drop of 48.8 per cent in group pretax profit to Msl.9 million in 1974/75, SPTI now reports a 20.8 per cent Increase381 words
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Article162 1977-02-02 4 THE Stock Exchange of Singapore has asked Hytex for more information regarding its sale of 51 per cent owned Tokyo Trading (Singapore), and whollyowned Alpha Industries. It would like to know the basis on which the selling prices of both these subsidiaries were arrived162 words
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Article58 1977-02-02 4 UNITED Overseas Bank announced that as at end-1976 15.73 per cent of its Issued ordinary share capital, including the 7.74 million shares to be Issued on the full conversion of its 6 1/2 per cent convertible bonds 1988. is beneficially owned or controlled by foreign persons.58 words
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294 1977-02-02 4 NEW YORK. Tues. Contracts for all types of construction increased in December, the FW Dodge division of the McGraw-Hill Information Systems said over the weekend. The value of the contracts totaled $7.19 billion, up 34 per cent from the year-earlier level. Residential294 words
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Article84 1977-02-02 4 NEW YORK, Tues. Fourth quarter net profit at Kaiser Steel rose to U5520.24 million from $8.18 million, reducing the 1976 setback to 42.7 per cent at $43.63 million ($76.14 million). Sales fell to $690 million from $724.8 million In the Kear, including $130.2 mllon (162.9 million) from the84 words
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845 1977-02-02 4 NYT NEW YORK. Mon. Despite the continuing array of bright statistics flowing oat of the economic and business worlds, the nation's securities markets have become wary and somewhat pessimistic. Investors seem to be more worried than businessmen and economists about prospects for the American economy,NYT - 845 words
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452 1977-02-02 4 NYT NEW YORK: An Investigation to determine whether the state banking department acted as promptly as it should have to protect thousands of buyers of money orders sold by the bankrupt USN was announced yesterday by two state Senators. Sen. Israel Ruiz, DemocratNYT - 452 words
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579 1977-02-02 4 FT BONN, Tues. Gutehoffnungshuette (GHH), the holding company of one of the largest industrial groups in West Germany, has achieved an encouraging Inflow of orders in the first half of its business year, and so can build on satisfying results for the yearFT - 579 words
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Article1147 1977-02-02 4 On e>. nuary 31 PRICES on the Chicago Board Options Exchange declined on Monday as losers outnumbered gainers, 280 to 183. Volume approximated 80,531 contracts, compared with 85,306 contracts last Friday. OPTION APL JLY OCT STOCK Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel Avon1,147 words
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Page 4 Advertisements
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Advertisement469 1977-02-02 4 THESE ARE THE BOOKS THAT HITLER BURNED y, fgin, Ww p^r :rrllltllf-i -i JUL*.?; a gg|«f.S MM= iiilill L.L ir. u f.- rn';Mo//''. "4 a r' sa *;A a* i e Sy \ioi> /cav A A. THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn.469 words
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INTERNATIONAL COMPANY NEWS
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Article229 1977-02-02 5 Reuter NEW YORK, Tues. LTV has more than doubled its 1976 net profit from US$l3.l million to $30.7 million on a sales rise of only 4.7 per cent to $4.5 billion ($4.3 billion). In the fourth quarter, net profit Jumped 87.2 per cent to $7.3 millionReuter - 229 words
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Article150 1977-02-02 5 Reuter LONDON, Tues. Carborundum said it now owns or has Irrevocable undertakings for over 50 per cent of the ordinary shares in Weyburn Engineering. Since the announcement yesterday morning of its offer for Weyburn Carborumdum has purchased 259,500 Weyburn shares in the market at 420 p.Reuter - 150 words
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Article39 1977-02-02 5 TOKYO, Tues. TDK Electronics has enjoyed a big jump In consolidated net profit from U552.66 million to $30.3 million In the year ended Nov 30, 1976. Net Income per share rose to 38 cents against three cents previously.39 words
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Article481 1977-02-02 5 NYT NEW YORK, Tues. When American Telephone and Telegraph announced a week ago that it would pay a premium price for highcoupon bonds of four of Its operating companies bonds that would otherwise continue to yield high Interest for two or three more yearsNYT - 481 words
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Article295 1977-02-02 5 LONDON, Tues. Compared with a forecast of about £12 million taxable profit of British Sugar Corporation almost doubled from £7.65 million to £14.31 million during the 52 weeks ended Sept 26, 1976. The outcome £52,000 off the 1973-74 record is higher than predicted due to an improvement295 words
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273 1977-02-02 5 NEW YORK, Tues. Kennecott Copper suffered a fourth quarter net loss of US$5.O5 million against a profit of $9.74 million, reducing 1976's net profit to $8.8 million from $21.7 million previously. The fourth quarter loss was suffered despite a rise in sales to $257.4273 words
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Article133 1977-02-02 5 AP PITTSBURGH, Tues. Gulf Oil has reported buoyant 1976 net profit on record sales of U5518.44 billion. Net Income rose 16.6 per cent to $816 million, or $4.19 a share, compared with 1975 when Gulf earned $700 million, or $3.60 a share, on sales of $16.04 billion.AP - 133 words
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Article207 1977-02-02 5 Reuter LONDON, Tues. British Petroleum plans to spend £2.7 billion over the next five years, nearly doubling its expenditure, chairman David Steel said. Mr. Steel said In a speech about 75 per cent of the programme will be spent In Scotland and will Include NorthReuter - 207 words
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Article251 1977-02-02 5 Reuter NEW YORK, Tues. Fourth quarter net profit at Texas Instruments rose to U5829.31 million from 820.78 million, making a total of 897.42 million (862.14 million) for the whole of 1976. Sales Increased to 81.66 billion from 81.37 billion In the year, with the fourth quarterReuter - 251 words
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258 1977-02-02 5 CHICAGO, Tues. Westinghouse Electric said nine foreign uranium Eroducers were Judged by r 8 district Judge Prentice Marshall in Federal court to be in default In a suit brought by Westinghouse alleging a conspiracy to fix prices and control supply of uranium. The company said258 words
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Article124 1977-02-02 5 NEW YORK, Tues. Net profit at Honeywell rose 23.8 per cent to U5539.99 million ($32.35 million) in the fourth quarter of last year making a total of $105.3 million ($78.5 million) for 1978. Revenue rose to $732.7 million from $849.8 million, for a full year figure of $2.52124 words
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1571 1977-02-02 5 JOHN WICKS - By JOHN WICKS FT THE battle of Bally has come to a bloodless end. Before the start of the extra-ordinary general meeting of the Swiss shoe concern a fortnight ago, the supervisory board resigned with the sole exception of PresidentFT - 1,571 words
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Article117 1977-02-02 5 Reuter BARTLESVILLE, Tues. Phillips Petroleum said it Is reducing to 85 per cent from 100 per cent Its petrol sup{>lles to wholesale customers n all marketing areas, effective today. Phillips said since the start of the Federal Energy Administration Allocation Programme (FEA) in 1974 its wholesaleReuter - 117 words
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Article92 1977-02-02 5 Reuter NEW ORLEANS, Tues. Ford Motor's worldwide capital spending In 1977 will reach US$2 billion compared with last year's $1.2 billion, executive vicepresident William Bourke told a news conference. Of this amount US spending will reach $1.4 billion against $700 million last year. Mr. Bourke, attending the NationalReuter - 92 words
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Article51 1977-02-02 5 Tate Lyle LONDON, Tues. Tate and Lyle said it will ask holders of Manbre and Oarton Holdings unsecured loan stock to exchange their holding for Tate and Lyle unsecured loan stock. The exchange will facilitate rationalisation of Tate and Lyle's sugar refining Interests following acquisition of Manbre and Garton last51 words
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Article996 1977-02-02 5 STEWART FLEMING - THE MILGO ARGUMENT By STEWART FLEMING FT IN THE VIEW of some Wall Street analysts, If the UK electrical group, Racal Electronics Is to win control of the US data transmission equipment manufacturer, Mllgo Electronics, It will have to Improve the terms of its 846 millionFT - 996 words
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Article411 1977-02-02 5 LONDON, Tues. The improving trend evident at Plessey nas been maintained In the third quarter of 1976-77 with pre-tax profit rising from £8.01 mil lion to £9.61 million. This takes the total for the nine months ended Dec 31, 1976, up to £27.99 million compared with £25.02411 words
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Page 5 Advertisements
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Advertisement258 1977-02-02 5 APPOINTMENTS Sime Darby Sime Darby Sates Pte. Ltd requires Product Sroup Manager (Liquor) Sime Darby Sales Pte. Limited which markets a full range of liquors is looking for a dynamic executive to head this operation. We want an action-oriented person who will be just at home in marketing planning advertising258 words
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Advertisement284 1977-02-02 5 MARKETING SERVICES OFFICER. An established trading Company is looking for a capable Marketing Services Officer. Preference will be given to applicants who have the following:Education: At lease H.S.C. although graduates in Economics, Business Administration preferred. Personality: Positive outlook. Maturity in judgement, ability to get along with people. Good analytical approach284 words
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Article1961 1977-02-02 6 im/77 High Low M2M Company Lut Sale +orGr'i div Div c'rr Gr'i y'ld Net P/E Vol ('000) Day Hifh Low SECTION ONE INDUSTRIALS 175* 206 100 237 186 402 204 248 460 137 133 172 60 185 66 254 149 172 388 39 Acma Alcom Allied Choc1,961 words
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Article1023 1977-02-02 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,023 words
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Article178 1977-02-02 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets in lots of 1,000 units unless otherwise stated. D.B.S. (June $3.90) (0.2658 0.285) (1) 0.28,178 words
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Article154 1977-02-02 6 SINGAPORE UNIT TRIST (Manager*' prices for Feb 2) The Commerce 1.75 1.85 The Saving Fund 0 96 1.01 S'pore Prog Fund 0 82 0 87 S'pore Security Fund .1.33 1.40 S'pore Invest Fund ..4 05 1.11 ASIAN UNIT TRUST (Managers' prices for Feb. 2) Mai Invest Fund 186154 words
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Article170 1977-02-02 6 B O T 8 1/2% 1981 (100,000) (102*«B 103V«S) D B S 8 1/2% 1982 (100.000) (99 3 «B 100' iS) DBS Converts 6 1/2*55- 1991 (100,000) (968 975) E I 89% 1982 (100.000) (102 3 <B 103'/«S) E I B 8 1/4% 1983 (100,000) (9958 100 '4S)170 words
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Article107 1977-02-02 6 5 1/2*7, 1/12/77 (1,000,000) (101.458 101.60S) 5 1/2% 15/4/78 (1.000,000) (101.628 101.70S) 5 1/4% 15/7/78 (1,000.000) (101.488 101 535) 6 1/2% 15/8/78 (1,000,000) (103.208 103.455) 7% 1/7/79 (1,000,000) (104.808 104.905) 5 1/4% 15/10/79 (1,000,000) (101.008 101.18S) 3/4% 15/6/80 (1,000.000) (102.958) 6 3/4% 1/12/80 (1.000,000) (102 958) 5%107 words
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248 1977-02-02 6 Reuter BRISBANE, Tues. Pancontinental Mining said the Jabluka uranium mining project In the Northern Territory is ready for construction to start, but this cannot proceed until Governmental approval Is received. A draft environmental impact statement has been completed and filed with the Ranger Environmental Inquiry,Reuter - 248 words
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Article247 1977-02-02 6 NEW YORK, Tues. Merrill Lynch Economics (MLE). the US economic forecasting and consulting firm, has entered Into a five year agreement with National CSS, a Connecticut computer services company, to provide a full range of econometric-based forecasting and modeling services. This contract promises to bring MLE247 words
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Article130 1977-02-02 6 Reuter NEW YORK, Tues. Bristol- Myers said currency changes had a significant effect on 1976 earnings, with most of the Impact coming in the last half of the year. In fourth quarter 1976, currency fluctuations reduced earnings by about 17 US cents a share compared withReuter - 130 words
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Article44 1977-02-02 6 TORONTO, Tues. Despite a 13.2 per cent Increase in sales to Cs2.l billion ($1.9 billion). Shell Canada has suffered 6.2 per cent decline in Its 1976 net profit to $135.8 million ($144.8 million). earnings per snare amounted to $1.36 against $1.45 last time.44 words
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Page 6 Advertisements
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Advertisement31 1977-02-02 6 I P 9 t V I r 1 i I T, I I I k found only in the best company... ».r i j I if 1 hi I M I31 words
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Article517 1977-02-02 7 OPTION trading got off to a farlly good start at the Stock Exchange of Singapore yesterday. For a pilot scheme, the Initial response noted was quite brisk with premiums of over six and half per cent attending the more than'37o options written. In fact, the market's517 words
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Article295 1977-02-02 7 Reuter NEW YORK. Tues. The Treasury will dominate market attention during the current week with five auctions, one each day of the trading week. The success of the Treasury in bringing the new securities to market, especially the three issues comprlslng the February refinancing, are expectedReuter - 295 words
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Article143 1977-02-02 7 Reuter TORONTO, Tues. Massey-Ferguson said its first quarter Jan 31, 1977, results, to be announced In March will be somewhat constrained. The company said this Is the result of what was termed a major production adiustment In Brazil. This was due to a inadequate level of farm credit andReuter - 143 words
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Article45 1977-02-02 7 LONDON. Tues. Sekong Rubber said it received here around £190,000 after tax from the sale of its estate In Sabah, East Malaysia. Of the proceeds, £100,000 has been Invested In gilts, £12.000 In plantation companies and the remainder is on deposit awaiting Investment.45 words
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WALL STREET AND OTHERS OVERSEAS MARKETS
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Article1144 1977-02-02 7 NEW YORK: Cold weather concerns reverberated through Wall Street and drove the stock market broadly lower before a late rally helped prices off their lows. The Carter administration said that for the moment the severe winter would not change its new economic stimulus package, which Includes tax rebates1,144 words
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Article298 1977-02-02 7 AMSTERDAM: The market closed slightly firmer, but proflttaklng trimmed early advances, dealers said. Dutch internationals were on balance slightly firmer although Hoogevens and Philips fell. Transports fell, except NSU which rose 1.50 guilders after announcing plans to order four new ships. Banks and Insurances were mixed. Industrial and trading298 words
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Article288 1977-02-02 7 ZURICH: The market was narrowly mixed. Banks were generally higher, while among narrowly mixed flnancials. Oeriikoo Buehrle bearer closed very steady. Its registered stock gained on the proposed higher dividend for 1976 and increase of group sales but edged lower on proflttaklng on balance. In insurances Baloiae ruled little288 words
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Article356 1977-02-02 7 PARIS: The market was slightly lower in calm featureless trading, dealers said. Banks were mixed, with CFF and UCB dropping around two per cent and Credit National adding the same amount. Investments were higher, but foodstuffs *ere generally slightly lower. Lafarge eased In constructions, while metals and electrlcals were356 words
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Article193 1977-02-02 7 BRUSSELS: The market was narrowly mixed In quiet trading, dealers said. Vieill Montague. Cockerili and Solvay rose GB-Inno-BM was unaffected by Its forecast of higher profits. Sidro was the only local issue to show more than a fractional fall. UK issues eased under profittaking German and US stocks were193 words
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Article301 1977-02-02 7 TORONTO. Sharp losses among the oils paced a broad retreat at the close of light trading on the Toronto market. Declining Issues outnumbered gainers by a three to two margin. Hudson'* Bav Oil fell 3/4 to 36.3/4. Home Oil A 5/8 to 20. Bow Valley 5/8 to 22-5/8, and301 words
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Article375 1977-02-02 7 JOHANNESBURG: Gold shares were narrowly mixed with an easier bias In featureless and quiet trade, dealers said. Financial minings weakened. with Amcoal easing 15 cents to 740. De Beers climbed five cents to 392 in active trade on overseas interest. Coppers were mixed and platinums were lower. Industrials were375 words
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Article441 1977-02-02 7 SYDNEY: Share prices closed mixed after early buying, with the market welcoming the start of common access trading with Melbourne and expecting turnover to rise as a result, dealers said The Sydney All Ordinaries Index rose 1.29 points to 440 49 Pancontinenlal rose 51.04 to $8 04 following its441 words
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Article184 1977-02-02 7 MANILA: The market deteriorated further across the board, with selling pressure continuing In the mining and oil sectors, on the fall In metal prices, dealers said. Picop A gained but Atlaa Coo A and B, Baguio Gold, Lepanto B, Philex A and B. PLDT, Phil Overaeaa and Oriental B184 words
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Article292 1977-02-02 7 FRANKFURT: Shares closed mixed with a weaker bias In light trading, dominated by end-month position closing, dealers said. Leading chemical and electrical shares lost up to one mark, led by >iemen* and Thy»»rn Industrie. BBC gained rive marks. Bank shares were one mark changed either side, wheareas leading chemicals292 words
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Article411 1977-02-02 7 HONGKONG: The market closed lower in dull trading but recovered from the days lows on some bargain hunUng. dealers said. The Hang Seng Index fell 3.23 points to close at 431.02. The lower opening followed falls in London and New York, although second line shares were steadier than blue411 words
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Article495 1977-02-02 7 TOKYO: Prices recovered on renewed buying on reports US Vice President Walter Mondale made no strong request for controls of Japanese exports to the US at talks with Japanese Prime Minister Takeo Fukuda this morning, dealers said. The Dow Jones average gained 45.86 to close at 5.008.32 with volume495 words
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Article87 1977-02-02 7 FEB 01 Bah is Asia Fibre 122 unch Bangkok Bank 246 4-2 Bangkok Invest 140S Bangkok-Metro-politan Bank Bate 368 ♦2 BerllJucker 166 unch Charoong Thai Wire 163 Dumex Duslt Thanl Faber Merlin First Trust Indo-Thal 1758 unch J And J Ho 190 unch Jalaprathan Cement 84 unch Karnasuta Lee87 words
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Article156 1977-02-02 7 MILAN. The market eased over a broad front In thin trading, dealers said. Most leading industrials lost ground, closing at the day 's lows but Snia Viacoaa and Anie marginally higher against the trend. Mediobanca was marginally lower In mixed banks as Aasicurazioni Gnerali In Insurances. Financials shared the156 words
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Article68 1977-02-02 7 FINANCI AL TIMES INDUSTRIAL Monday 309 5 Friday 403.2 Week ago 377 .8 DOW .JONES AVERAGE INDUSTRIALS M< nday 95^.37 Ft i.lay 957.53 Wt-elt Ago 963.60 LONDON DOLLAR PREMIUM Monday 95'»tc<96% Friday 96 l to H.K. HANG SENG Monday 434 25 Friday 433 41 Week ago 441.12 SYDNEY INDUSTRI68 words
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Page 7 Advertisements
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Advertisement374 1977-02-02 7 Yes, Penguin books are not to be found in any ordinary shop. Not ,n roa d- s icle stalls. Heavens, certainly not in the pasar malam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, tt ~entertaining in a wholesome way, highly educational m fajL ffl ,J I374 words
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COMMODITY REPORTS AND PRICES
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Article564 1977-02-02 8 PRICES In the Singapore rubber market yesterday 1 were marked down by about 1 1.75 cents at the opening, i following lower overseas advices. Prices then remained little changed In Slet trading, Influenced by e City Day holiday in Malaysia, dealers said. After noon, however, prices recovered to564 words
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Article44 1977-02-02 8 DAILY SSR and 8MR prtctt at noon yesterday: R.A.S. Fab. Mar. (Current Mtb) (Forward Mth) Buyer* Seller* Buyer* Seller* (cent* per kg) (cent* per k<) SSR 20 (1-ton Pallet) 187.00 188.00N 188.90 188.90N SSR SO (1-ton Pallet) 184.50 189.SON 186.00 187.00N44 words
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Article186 1977-02-02 8 THE Straits tin price in Penang yesterday was down $11 to $1,428 on an official offering down 242 tonnes to 190 tonnes. In LONDON yesterday, tin lost around £25 for Cash and £46 for Three Months in both contracts at the midday closing. The market was unsettled by186 words
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Article26 1977-02-02 8 Rubber: Feb 1 Singapore: Feb. 198.00 cts (up 0.25 cts.) Malaysia: Market cloeed Tin: $1,428.00 (down $11.00) Official offering: 190 tonnes (down 242 tonnes)26 words
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Article234 1977-02-02 8 LONDON, Tues. Copper wlrebars registered losses of £1 per tonne all round. The easy New York close subdued the pre-market where there Months traded down to £850 per tonne. The market then steadied, as small pockets of covering In the ring found sellers reserved. Three Months traded within the234 words
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Article106 1977-02-02 8 LONDON, Tues. Lead lost mostly £1.50 per tonne. The pre-market trends In copper and tin brought out further liquidation which pushed Three Months down to £337 per tonne. However, the lower levels found some covering Interest which steadied the market to £343 In the ring. Also, aiding the recovery106 words
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Article263 1977-02-02 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL ON MONDAY. Coconut Oil: Bulk US tellers, old drum tOO sellers, new drun $99 sellers Copra: Mixed (looae) UK/Cont $53 buyers Pepper: Muntok AST A white f.o.b. 100* NLW $343 sellers. Sarawak white f ob MH NLW $322 sellers.263 words
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Article338 1977-02-02 8 IN the Singapore gold market yesterday the kllobar was quoted In the range of Sslo>4o to $10,580. Volume was thin and confined to covering activity only. w On a loco London basis, the market opened at U*****.80/ 133.10 and eased at the close to $132.40/ 132.80 on small scale338 words
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Article212 1977-02-02 8 LONDON, Tues. Silver recorded gains of 0.7 pence to 1.2 pence per troy ounce. Pre-market prices were restrained by continental selling, trade sources said. Following a drylng-up of the offerings, the market steadied in the ring aided by higher gold. Trading was thin, however, with turnover of 34 lots212 words
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Article107 1977-02-02 8 LONDON, Tues. Zinc eased by mostly £3 per tonne. The metal eased In line with the general trend and In the pre-market, Three Months fell tqf£4l2 per tonne before Ugm fresh buying and covering developed and partly erased losses. Three Months was paid £418 per tonne, with reports of107 words
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Article318 1977-02-02 8 LONDON, Tues. Coffee futures opened quietly mixed but during the call, modest buying interest developed from trade sources, commission houses and local Jobbers which lifted values fractionally above last night's close. The market closed steadier, £24 to £10 per tonne up from yesterday, with 234 lots traded. May gained318 words
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Article139 1977-02-02 8 CHICAGO, Mon. Soybean futures closed on a mixed note, adding 5-3/4 to 1-1/2 cents a bushel In old crop positions while losing one to two cents in new crop months. Speculative buying was encouraged in the nearbys by light farmer selling against good export demand and commercial buying interest139 words
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Article128 1977-02-02 8 Reuter JAKARTA, Tues. Preparations for the construction of a big electric power station and an aluminium smelter plant near the Asahan Elver in north Sumatra are progressing well, according to project officer, Insinyur Suhud. "Preparations are going on smoothly for both the station and the smelterReuter - 128 words
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MONEY AND EXCHANGES
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Article596 1977-02-02 8 ACTIVITY In Singapore's domestic money market yesterday was described as dull by dealers. Rates eased generally and there was a general trend for borrowers to look to the overnight market for funds Instead of going Into the short dates and longer term. Overnight money was dealt at the opening596 words
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Article152 1977-02-02 8 Asian rates ASIAN currency deposit Interbank rate* u at clow on Feb 1. US Dollar* (SpM) Offer Bid 7 day* 4 7/1 4 3/4 1 mth 51/16 4 15/16 2 mth* s vie 51/16 3 mth* 57/16 55/16 mth* 515/16 513/16 9 mth* 6 3/16 61/16 12 mth* 67/16 65/16152 words
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Article53 1977-02-02 8 RANGE of price* offered by discount house* on Feb 1 Orerntght 2 to 3* Call deposit IS to JH ciouac Buy Selling 3-Month 2 15/16 Treasury bill* 3 1/16 3-Month Bank bill* 4 1/16 3 15/16 3-Month CD 4 1/4 4 1/16 8-Month 4 1/1 4 3/8 Source:53 words
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Article56 1977-02-02 8 Minimum lending rates (in ACBC 6*. Algemene Bank 6* Bangkok Bank ..7* Bank of America 6* Bank of China 7 Bank of Tokyo 6* Bank Negara Indonesia 7 First Chicago ClUbank 6* HSBC 7 Indosues 6* Malayan Banking Mitsui Bank 6* ocbc e* OUB M Chartered Bank Chase Manhattan tfc56 words
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Article195 1977-02-02 8 NEW YORK, Mon. Dealers said growing concern that the persistent cold weather in the United States will significantly depress first quarter economic figures sharply undermined the dollar. The decline, which followed a sharp rise on Friday on improved December trade figures and a rise In leading indicators, began195 words
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Article151 1977-02-02 8 LONDON, Tues. The dollar continued to retreat in the main European currency centres, after fresh weakness In New York overnight, on concern that the persistent cold weather will significantly depress US first quarter economic figures. The US unit dipped to 2.4058/68 marks from 2.4110/20 overnight, while sterling was steady151 words
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Article152 1977-02-02 8 TOKYO, Tues. The US dollar for overnight dellvery closed at 288.25 yen, unchanged from yesterday's close but slightly lower than its opening 288.30, after fluctuating between 287.85 and 288.50 yen, dealers said. The US unit declined Initially on an inflow of dollars resulting from yen purchases by foreign banks152 words
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Article127 1977-02-02 8 HONGKONG, Tues. The US dollar closed slightly lower at HK54.0480/ 6510 compared with a mid-day rate of $4.6500/ 6520 and the overnight level of 14.6530/ 6350, dealers said. They added that the market was generally quiet this afternoon, with the rate fairly steady after having touched $4.6380/6410 at one127 words
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Article149 1977-02-02 8 Euro rates LONDON, Tues. Day-to-day Eurodollar deposits opened slightly lower from last night's closings, while periods were little changed, dealers said. Early period Interest stemmed from Singapore operators seeking funds In One, Three and Six Months and paying at tops of quoted ranges. General Interest and rollover requirements were light,149 words
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Article51 1977-02-02 8 AUSTRALIA/ NZ exchanges quoted on Feb 1 Australia: Sterling 0.6380/ 0.6316 US dollar 1.0904/ 1.0856 Ninety-day air mall buying rates: Sterling 0.6666 US dollars 1.1164 Ninety-day forward buying rates: Sterling 0.6543 US dollars 1.0948 New Zealand: Sterling 0.5557/0.5526 US dollar 0.9579/ 0.9479 Ninety-day forward rate: Sterling 0.5891 US dollar51 words
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Article43 1977-02-02 8 ZURICH exchanges closing quotes on Jan 31 US 2.5085-5095 UK 4.3000-3035 Can 2 4580-4800 W Germ 104.05-14 Neth 99.32-43 France 50.45-49 Belg 8.77-78 Denm 43.43-47 Norw 47.21-24 Swed 59.02-06 Italy 0.2843-2846 Austria 14.64-66 Port 7.76-78 Spain 3.64-64-3/4 Arg 0.85-1.00 Japan 0.86-3/4 87-1/443 words
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Article33 1977-02-02 8 FRANKFURT exchanges opening quotes on Feb 1 US 2.4055/75 (2.4095/4103) Can 2.3515/35 UK 4.125/140 Neth 95.45/60 Swltz 95.95/96.10 Italy 2.720/735 France 48.45/60 Norw. 45.40/50 Belg com 6.505/520 Belg fin 6.50/51 Japan 0.8350/6533 words
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Article282 1977-02-02 8 LONDON, Tues. Straight debt bonds were unchanged in dull trading, dealers said. Pressure from the primary sector has dampened Investment spirit in the secondary market, they added. Many of the recent Issues had been priced at a discount with operators unwilling to invest funds while waiting the outcome282 words
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Article371 1977-02-02 8 LONDON, Tues. Terminal opened £1.10 to £0.70 per tonne below yesterday's levels and sales totalled 473 lots. Dealers said the market was quiet on lack of overnight news and In front of today's world market buying tenders In Syria and Iran. Syria requires offers of one cargo of prompt371 words
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Article142 1977-02-02 8 BANGKOK, Tues. Indicative prices for rice quoted In Bangkok yesterday were: US dollars per tonne fob basis Bangkok In HONOKONO yesterday, the market was quiet, with prices down 40 cents to $10. The day's turnover totalled 350 tons, comprising Thais 102 tons, Kwangtungs 180 tons and Australia* 68 tons.142 words
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Article116 1977-02-02 8 CHICAGO, Mon. Wheat futures finished the session with prices 1% to three cents a bushel higher. The volume of dealings was light and price movements were confined to a narrow range during the session. Commercial buying interest and firmness in corn and nearby soybean futures lent support. Speculative buying116 words
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Page 8 Advertisements
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Advertisement77 1977-02-02 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times I BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) ->«#- BUSINESS TIMES Subscription Form Address:. Payment tor is enclosed All subscriptions are payable in advance and should be drawn77 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration855 1977-02-02 9 JOHN WILFORD - By JOHN WILFORD NYT ALTHOUGH the price of nearly everything is going up, the National Aeronautics and Space Administration has drawn up a rate schedule for transporting future satellites and experiments into orbit that is literally and economically out of this world aboutNYT - 855 words
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160 1977-02-02 9 NAIROBI. Tues The board of debtcrippled East African Airways (EAA) yesterday called on the governments of Kenya. Tanzania and Uganda, which Jointly own the airline, to decide urgently on Its future. The airline has grounded all Its international flights and unofficial reports said internal services160 words
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Article, Illustration293 1977-02-02 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Centaur (1300) 44 King Sun (0600 23 Lica Maersk (1400 after Rhexenor) 33/ 34 Lloyd Bakke (1330 after Kota Singapura) 1/2 Lychee King (2300) 29/30 Samson (0600 24 Sumber Tunas VI (1200 subject freeboard) (Red. Ramp) 22 Vlshva Madhurl (0600) 8/9 SEMBAWANG PORT293 words
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552 1977-02-02 9 GRAHAM HEATHCOTE - By GRAHAM HEATHCOTE AP BUTTERWORTH to Bangkok, Bombay to Bangalore and even remember Kipling? Rangoon to Mandalay. These are railroad routes, and now in the age of supersonic airliners, with trains half forgotten as a mode of transport travel agents Thomas Cook have gotAP - 552 words
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Article133 1977-02-02 9 ROYAL Interocean Line (RIL) has Introduced a regular cargo liner service between Singapore and the Caribbean, to meet the growing demand for cargo space to the area. RIL ships hitherto have been making only ad hoc sailings to the Caribbean. They now accept cargo at Singapore.133 words
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Article119 1977-02-02 9 BEN Line's Ren Asia Container Service (BACS) has started to call direct at Penang, following the Installation by the Penang Port Authority of Its first gantry crane In December. This crane enables fully cellular contalnershlps like BACSX 'Nlkkoh Mam" to call dlre»t>fy at the port.119 words
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Article208 1977-02-02 9 AP LONDON. Tues. Prolonged severe winter weather conditions In the United States continued to disrupt grains export traffic from the US Oulf and US Atlantic coast ports. Consequently, very little new business took place yesterday, but It was known that the Strategist received the about steady figureAP - 208 words
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Article555 1977-02-02 9 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE MAS MH682 0810 KCH PAA PA841 0950 SFO/HNL/GUM CAL CI816 1000 HLP JAL JL712 1000 HLP SIA SQ21I 1010 HLP CPA CX710 1030 HLP OIA GA980 1030 HLP THAI TG423 1035 BKK THAI TG981 1045 BKK555 words
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Article98 1977-02-02 9 AP BANGKOK, Tues. Thailand's domestic airline stopped flights to Laos today following Laotian demands that the airline's operations in Vientiane be handled by Laotian authorities. Thai Airways director Thaveep Bunnag said. With the suspension of Laotian commercial flights last year, the governmentcontrolled Thai Airways provided theAP - 98 words
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Page 9 Advertisements
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Advertisement501 1977-02-02 9 Business Management in Penguins THE debt 4§r TRAP HOW TO I SURVIVE THE SLUMP The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own economies501 words
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Page 10 Advertisements
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Advertisement2205 1977-02-02 10 ADVERTISEMENT TO GOLDEN HOPE SHAREHOLDERS CASH OFFER to acquire the whole of the issued share capital of GOLDEN HOPE PLANTATIONS LIMITED other than that already owned DEAR SIR OR MADAM CASH OFFER FOR YOUR SHARES The accompanying letter from N.M. Rothschilds A Sons Ltd. contains an offer for your Golden2,205 words
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Page 11 Advertisements
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Advertisement153 1977-02-02 11 ADVERTISEMENT TO ALL SHARE HOLDERS OF GOLDEN HOPE PLANTATIONS LIMITED An offer of 96p cash (M. dollars 4.14) per share has been made by GENTING HIGHLANDS HOTEL BERHAD accepting shareholders will also receive the special dividend of 4.25p (net) (M. dlrs 0.99) per share The offer document has been posted153 words
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Article253 1977-02-02 12 UPI WASHINGTON, Tues. The United States and Panama yesterday opened a new and perhaps definitive phase of their Panama Canal negotiations, although agreement is still far from certain on the questions of sovereignty over the area and duration of a new treaty. Secretary of StateUPI - 253 words
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Article76 1977-02-02 12 LAI Pang Fee Chartered Surveyors and Simon B.H. Lim and Partners, two local firms of chartered surveyors. have pooled their resources and expertise to practise in the Asean region, as well as outlying areas. Styled as Lai Pang Fee and Simon Lim Chartered Surveyors, the firm will76 words
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Article792 1977-02-02 12 LONDON, Tues. Equities firmed In quiet trading, helped by a statement from the Chancellor of the Exchequer yesterday that income tax reductions in the next budget would be subject to agreement on pay policy. At 3 p.m., the Financial Times index was up 5.8 at 396.3, after 397.8.792 words
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266 1977-02-02 12 ABOUT the most exciting development in videotape presently is its use in news gathering. Electronic news gathering (ENG) now makes it possible for television to offer greater competition to other media of communication. With a videotape, it now takes as little as266 words
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249 1977-02-02 12 HOTEL Summit yesterday concluded a five-year franchise agreement with Japan Air Lines Development, under which the hotel is assured of filling an additional 343 rooms from Its soon-to-be completed new wing, in return for an undisclosed fee to the JAL subsidiary. Summit, will249 words
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Article34 1977-02-02 12 RIKO International sued Alliance Company yesterday in the High Court for $78,080 allegedly due under a contract. Also filed was a writ against Kool Aire Engineering for $37,848 by Thai Hong Brothers Company.34 words
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Article639 1977-02-02 12 DISCO WITH A DIFFERENCE A DISCOTHEQUE without flashing ultra-violet lights and music blares impossible you say? Not really. Just pop into the London Scene in Marco Polo when it reopens as The Club next month and note the difference. The Club, as it will be known, has soft lights, a639 words
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Article367 1977-02-02 12 MONDALE ON ASIA Reuter TOKYO, Tues. US Vice I President Walter Mond&le today gave a ringing reafflr- i matlon that the United i States would stand by Its treaty obligations In Asia i despite the planned with- 'i drawal of American ground forces fromReuter - 367 words
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566 1977-02-02 12 SINGAPORE'S first computerised chequeclearing system for clearing Interbank cheques Is expected to become operational around March or April next year, although finals details are expected to be announced by the end of this month. The lead time of about 15 months between decision and full566 words
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Article346 1977-02-02 12 AP Reuter NICOSIA, Tues. Indonesia has offered to mediate to resolve differences over oil prices among members of the Organisation of Petroleum Exporting Countries, Kuwait's Oil Minister Abdul Muttaleb Kazeml said yesterday. The Qatar News Agency quoted Mr. Kazeml as saying the offer came In aAP; Reuter - 346 words
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Article, Illustration380 1977-02-02 12 UPI DAR ES SALAAM, Tues. Tanzanian officials say the fact., new US United Nations ambassador Mr. Andrew Young is black,won't necessarily help him on his coming visit to black southern Africa. "As far as we're concerned, he's an American official who happensUPI - 380 words
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200 1977-02-02 12 UPI TOKYO, Tues. China will raise the price of crude oil sold to Japan in 1977 to U5513.15 (5532.2) per barrel, an Increase of 6.8 per cent, oil Industry sources In Tokyo said today. They said agreement on pricing was reached withUPI - 200 words
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Article130 1977-02-02 12 Reuter LONDON, Tues. The Royal Dutch Shell Group will Increase purchases of Saudi Arabian crude oil to 200,000 a day for one year at official prices, a company spokesman said. In 1975 Saudi oil represented 45,000 of Shell's dally crude offtake of 4.8 millionReuter - 130 words
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Article66 1977-02-02 12 A 35-member Singapore Manufacturers' Association (SMA) mission left for Brunei yesterday to promote goodwill and develop trade ties between businessmen of the two countries. This will be the first time a trade mission from Singapore will be visiting the oilrich state. The mission represents a wide66 words
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181 1977-02-02 12 Vietnam S'pore trade rising steadily THE Vietnamese, though without diplomatic status here, have been maintaining a trade office for some four years In a quiet residential area in Katong. The trade representative, Mr. Le Van Mau, yesterday told Business Times that the volume of business conducted through his office Is181 words
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Article101 1977-02-02 12 AN Informal meeting will be held in Geneva later this month to discuss the exploitation of seabed resources, one of the main toSics at last year's United ations Law of the Sea Conference. This meeting Is initiated by the Norwegian government and will be held101 words
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345 1977-02-02 12 LONDON, Tues. The United States and the nine European Common Market countries have indicated that they are washing their hands of Premier lan Smith and the whites in Rhodesia. In Washington yesterday, at his first press conference since succeeding Mr. Henry345 words
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Article115 1977-02-02 12 AP HONGKONG, Chase Asia Ltd, a Hongkong based merchant bank, announced it has syndicated a U5533.5 million (SsB2 million) loan for the Philippine Airline (PAL). The announcement today said the 10-year loan, guaranteed by the Development Bank of the Philippines, is to finance PAL's purchase ofAP - 115 words
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Article96 1977-02-02 12 RECENT enquiries from Australian shoe importers have raised hopes that the five-year ban on imports of Singapore-made leather shoes Into Australia might be lifted in the near future. An official of the Singapore Chinese Merchants' Association, Mr. Lee Heok Seng,' said yesterday that several shoe96 words
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Page 12 Advertisements
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Advertisement18 1977-02-02 12 (rijcsHt Executive's Lunch Special Roast from our Silver Wagon €?i& 1 *2 r ■y. L s 7s 118 words
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Advertisement180 1977-02-02 12 V OT I V/ 5 W*l fZ r >f v* W 12 OAh Vas re H 4 '^3<^ »> •v Chivas Regal Scotland's prince of whiskies Another fine product brought to you by food beverage (private) ltd. TU in ACCOUNTANCY with FOULKS LYNCH Founded over a century ago, Foulks Lynch180 words
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