The Business Times, 10 February 1977
1977-02-10
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The Business Times
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Title Section9 1977-02-10 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, FEBRUARY 10, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article66 1977-02-10 1 KUALA LUMPUR, Wed. Umno secretary general Datuk Senu Abdul Rahman today called on Umno divisions and branches not to make any hasty decisions regarding the public confessions of Datuk Abdullah Ahmad and Encik Abdullah MaJtd recently. He said the confessions had resulted In a series of reactions66 words
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Article66 1977-02-10 1 UPI PARIS, Wed. The European Economic Community urged Japan today to cut Its share of the world's shipbuilding market to 40 per cent rather than 50 per cent as suggested by Tokyo. The Community formulated the demand at the final meeting of a two-day round ofUPI - 66 words
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Article45 1977-02-10 1 ISLAMABAD, Wed. Vietnam will open a diplomatic mission here soon, Vietnamese Deputy Foreign Minister Phan Hlen said today after meeting Pakistan's Prime Minister Zulflkar All Bhutto. The two countries established diplomatic ties on July 1, 1975, two months after the Vietnam war ended.45 words
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Article69 1977-02-10 1 AP TOKYO, Wed. A postwar record of 18,358 express, passenger and freight train runs have been cancelled due to snow storms which swept through northern Japan this winter, the Japan National Railway (JNR) said today. JNR said heavy snows, coupled with a bitter cold wave, have also causedAP - 69 words
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Article55 1977-02-10 1 KUALA LUMPUR, Wed. The Malaysian International Shipping Corporation will increase its freight rates from Port Klang to Sabah, Sarawak and Brunei by 17 1/2 per cent on Feb. 15. A MISC circular to shippers here said the increase was due to the "significant increases" in shipping operating55 words
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Article59 1977-02-10 1 UPI MADRID, Wed. Spain and the Soviet Union today established full diplomatic relations, officially fending nearly four decades of mutual ill-feeling dating back to the Spanish Civil War. Announcements by the Spanish Foreign Ministry and Tass news agency in Moscow said the two countries will exchangeUPI - 59 words
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Article66 1977-02-10 1 KUALA LUMPUR, Wed. Datuk Hussein Onn leaves here tomorrow for a week's official visit to Turkey and Iraq where he is due to sign trade and cultural agreements with the two countries. This will be his second overseas trip this year. He had earlier last month visited66 words
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Article44 1977-02-10 1 UPI NEW YORK, Wed. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 940.82, down 1.42; 20 transp 227.33, down 0.41; 15 utlls 109.12, down 0.41; 65 stocks 310.42, down 0.61. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration174 1977-02-10 1 IN lacklustre trading shares ended on a mixed note at the Stock Exchange of Singapore yesterday. Option dealing was also light and premiums tended lower in most cases. The Business Times index rose 0.96 point to 261.38 while the Straits Times Industrial average was fractionally lower at174 words
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Article110 1977-02-10 1 Falls Most active K. Sldlm Ldn. Asiatic $3.40 $2.48 -.06 -.06 Haw Par Central Sugars 179,000 68,000 Q.C.B.C. $7.65 -.05 Pan Electric 56^000 S. Land $1.60 -.05 General Lumber 43,000 L. Perak $1.55 M. Flour $2.87 Slme Darby $3.28 DBS. $3.92 A. Amal $3 66 Sel Dredging110 words
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793 1977-02-10 1 THE FINANCE MINISTRY PROGRAMME: A CONTINUING annual growth rate of six to eight per cent, a low interest rate policy, easier finance for exports, and a careful watch against government extravagance are the highlights of the programme announced yesterday by Mr. Hon Sui Sen,793 words
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397 1977-02-10 1 KUALA LUMPUR, Wed. Indonesia today agreed on an Asean joint approach to iron out several problems concerning the current Fifth International Tin Agreement. This decision was taken after a closed-door meeting here between Primary Industries Minister, Datuk Musa Hltam and Indonesian Mining Minister, Prof.397 words
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Article609 1977-02-10 1 SINGAPOREANS will have to accept lower wage increases and fewer fringe benefits In the next five years, and be less choosy about their Jobs. Small and medium-sized local firms will be helped to improve productivity. These were the main points In the Ministry of609 words
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506 1977-02-10 1 A SCATHING attack on management attitudes In Singapore towards employee relations has been made by Mr. Kenneth K.C. Mok, deputy director of productivity services at the Singapore National Trades Union Congress. "Most executives still cling to the mistaken notion thafc money incentives are all that506 words
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Article30 1977-02-10 1 AP CAIRO, Wed. More than nine million Egyptians are expected to vote tomorrow In a referendum on stern anti-riot measures President Anwar Sadat signed Into law last week. AP.AP - 30 words
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Article128 1977-02-10 1 Reuter TOKYO, Wed. China's external trade declined in 1976 for the first time in eight years hot still registered a surplus totalling more than UBS9OO million (552.2 billion) a semiofficial estimate said here today. The Japan External Trade Organisation (Jetro) ■aid that according to data collectedReuter - 128 words
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220 1977-02-10 1 'A good word' and the yen soars Reuter TOKYO, Wed. The yen rose to its highest value aainst the US dollar since arch, 1975 on the Tokyo foreign exchange market today, reflecting growing expectations of its further appreciation. The US dollar closed at 285.80 yen, compared with yesterday's close atReuter - 220 words
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Article67 1977-02-10 1 UPI TEHRAN. Wed. Iran's oil production, fed by heavy demands from Europe and the winter-bound United States, staged a remarkable recovery from an early January slump, figures released today Indicated. National Iranian Oil Co. statistics showed that January's average production hit 5.05 million barrels dally, somewhatUPI - 67 words
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376 1977-02-10 1 GENTING Highlands has announced that Its 96 pence cash offer for Golden Hope shares has been withdrawn, following yesterday's statement that Harrisons Malaysian Estates has received more than 50 per cent acceptances from each of the "Three Sisters." The acceptances received to376 words
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Article, Illustration184 1977-02-10 1 MR. S. Dhanabalan, executive vice-president of the Development Bank of Singapore, has been apSointed by President heares as the chairman of the Board of Directors of the Applied Research Corporation (ARC). Mr. Dhanabalan was previously on the Board of Directors for two years from 1973184 words
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Page 1 Advertisements
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Advertisement46 1977-02-10 1 Colour TV is simply great Overseas newi/Tv Radio Overseas news/Features Local Co news International Co news Local stocks Overseas stocks —P7 —P2 Commodities —P8 Transport A Com- P3 munications PS p. Feature Plfl 4 Local ic Overseas news Pil "5 Local A Overseas P6 news P|246 words
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Advertisement43 1977-02-10 1 b 3 H CS-2101^^^ 12 digits, 1 memory Constant and complex calculations. Floating decimal. Sole Agents: ROXY (STORE) PTE. LTDI 483, Tanglin Halt Road, Singapore 3 Tel: *****1. BOXY (MSIA) SDN. BHIX Lot 16, Jalan 223, Section 14, Petaling Jaya, Selangor Tel: 03-*****7.43 words
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Advertisement278 1977-02-10 1 Mill Which bank cut the world down to size, just for you? We did. Bank ot America. I'hrough our new World Banking l)\ ision. we'\e divided up the world ot business into lour, easy-to-nianage parts: North America; Latin America: Europe. Middle East and Africa; and the Par Hast. With olfices278 words
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OVERSEAS
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Article186 1977-02-10 2 UPI THE HAGUE, Wed -Seven small European countries will send a joint delegation to Washington In an attempt to swing the Carter Administration behind developing nations' demand for a new economic order, Development Cooperation Minister Jan Pronk said yesterday. He told a newsUPI - 186 words
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159 1977-02-10 2 Reuter LONDON. Wed. Shipping companies serving the European and Far Eastern routes here announced that talks would be held early next month on another Increase in freight rates the second In Just over a year. The 29 shipping lines from 19 countries,Reuter - 159 words
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313 1977-02-10 2 FRENCH OBJECTIONS OVERRULED Reuter AP LUXEMBOURG, Wed. The Common Market's European Parliament yesterday overrode the objections of French Gaullists and came out In support of a minimum price on crude oil Imported into the Community. The measure a first step towards a commonReuter; AP - 313 words
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Article164 1977-02-10 2 Reuter MONROVIA, Wed. The Liberlan Ministry of Fi- > nance said the Government signed a supplementary concession agreement with a consortium of US, Japanese, West German and local investors to exploit Iron ore deposits totalling more than 1.2 billion tonnes at the Wologist project.Reuter - 164 words
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Article36 1977-02-10 2 Reuter BRUSSELS, Wed. Belgium's main civil service union yesterday called a 24hour postal strike on Feb 17 to protest delays in negotiations with the government for a graded career structure in the postal serviceReuter - 36 words
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Article268 1977-02-10 2 Reuter WASHINGTON, Wed. President Carter has abandoned the policy towards the Soviet Union of former Secretary of State Dr. Henry Kissinger under which progress on all major Issues was linked together. Speaking yesterday at his first White House press conference, Mr. Carter voiced confidence thatReuter - 268 words
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Article163 1977-02-10 2 Reuter WASHINGTON. Wed. Commodity futures trading in the US last year increased 14.5 per cent to a record 36.9 million transactions, the Commodity Futures Trading Commission (CFTC) said. The CFTC said the dollar value of the commodities represented by the transactions totalled nearly US$B2O.O billion (552.009Reuter - 163 words
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Article367 1977-02-10 2 Reuter WASHINGTON. Wed. Federal Reserve Board chairman Arthur Burns said there were three reasons for the increase in interest rates seen in credit markets since the start of the year. In a letter to House Banking Committee chairman Henry Reuss, Mr. Burns said the credit marketsReuter - 367 words
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Article, Illustration316 1977-02-10 2 Reuter DAMASCUS, Wed. West German Foreign Minister Hans-Dietrich Genscher (above) said last night that conditions had never been better for a breakthrough towards peace in the Middle East. Speaking at a dinner shortly after he arrived at the start of a five-day visitReuter - 316 words
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Article90 1977-02-10 2 Reuter OTTAWA, Wed. More people were unemployed last month in Canada than at any time since collection of monthly labour force statistics began In 1953, It was announced here today. In January. 889,000 people were out of work. Statistics Canada reported. The Federal agencyReuter - 90 words
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259 1977-02-10 2 AP WASHINGTON, Wed. Thirty-one members of the US House of Representatives yesterday Introduced legislation to break up major American oil companies, saying the result would be healthy price competition. Essentially, the legislation requires: Horizontal divestiture, which would mean that no company couldAP - 259 words
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Article240 1977-02-10 2 Reuter LUXEMBOURG, Wed. The European Common Market's Council of Ministers today faces a barrage of highly critical questions from parliamentarians over Its failure to agree on a fisheries policy. The vexed Issue of how fish stocks should be conserved within the 320 km fisheries limitReuter - 240 words
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205 1977-02-10 2 AP LONDON, Wed. Marks and Spencer, Britain's biggest retail chain, said yesterday It is experimenting with solar energy to cut fuel bills In Its department stores. Solar energy panels atop two Marks and Spencer stores In southern England are believed to be theAP - 205 words
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142 1977-02-10 2 AP MUNICH, Wed. Saudi Arabian Oil Minister Ahmed Zaki Yamani eaya helpful Weetern countries might receive "special arrangements" on oil price*. Baacially, price* should be the aame for everyone, Mr. Yamani aaid in an interview published yesterday by the weekly magazine Quick. "But of'AP - 142 words
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157 1977-02-10 2 Reuter BIRMINGHAM, Wed. A motor factory strike spread in Northern England yesterday disrupting production of quality Jaguar cars because 32 workers, whose jobs were phased out, refused other work and demanded to be sacked with compensation. Instead of paying them offReuter - 157 words
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Article50 1977-02-10 2 UPI HONG KONG, Wed. A new 100.000 kilowatt generating unit has gone Into operation at the Matou power plant In north China's Hopel province, the official New China News Agency said today. The agency said the unit is part of the expansion project undertaken by the plant.'— UPIUPI - 50 words
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357 1977-02-10 2 UPI TOKYO. Wed. Japanese makers of chemical fertiliser hope for a revival of their export trade and higher prices because of the cold wave in the United States. Industry sources said yesterday. Reports reaching Tokyo say production In America Is falling off underUPI - 357 words
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304 1977-02-10 2 WASHINGTON, Wed. President Carter said yesterday that the United States is importing more than half the oil it burns and "this has got to stop." Mr Carter indicated his plan for reducing US reliance on foreign oil, to be spelled out304 words
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212 1977-02-10 2 Reuter WASHINGTON, Wed. University of Pennslyvanla economist, Lawrence Klein, said the adverse winter weather will lower the US economic growth rate by about 0.5 per cent In the first quarter. Testifying before the Joint economic committee, Mr Klein said "it Is likely that theReuter - 212 words
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144 1977-02-10 2 UPI WASHINGTON, Wed. Transportation tie-ups caused by icing o'n the Mississippi and Ohio rivers north of Cairo, Illinois, will not halt the movement of American farm products to foreign customers, the Agriculture Department said today. The Department's foreign agricultural service said It reviewed theUPI - 144 words
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Article89 1977-02-10 2 Reuter WASHINGTON. Wed. US international economists Robert Solomon and Irving Friedman called for an Increase In the lending capacity of the International Monetary Fund. Mr. Solomon, a former adviser to the Federal Reserve Board, proposed a new type of oil facility be established within the IMF toReuter - 89 words
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482 1977-02-10 3 NEW YORK, Wednesday MOST American workers will get relatively smaller pay raises In 1977 than In years Just past, but business executives may fare better. Those are the conclusions of two reports Issued yesterday on employment in the United States. A482 words
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442 1977-02-10 3 AP LONDON, Wed. Prime Minister James Callaghan's beleaguered Labour Government today braced for a labour union campaign to end pay curbs designed to combat Inflation after militant coalmlners, car workers and busmen demanded hefty pay hikes. The move, Involving nearly 250,000AP - 442 words
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257 1977-02-10 3 AP DETROIT, Wed. Beginning this spring, Iran will become the only country outside the United States to mass produce the Cadillac. At an estimated price of U5535,000 a car, the Mideast nation might be the only foreign market that could support such a venture.AP - 257 words
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225 1977-02-10 3 AP TOKYO, Wed. Japanese shipbuilders say they "do not welcome, but will have to accept" government moves to make their ships less competitive on the West European market. The proposal was announced yesterday in Paris to the working group of the Organisation forAP - 225 words
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153 1977-02-10 3 AP LONDON, Wed. A "task force" of British and Japanese businessmen has been set up to advise British exporters on how to sell to Japan, it was announced yesterday. The group Includes the Confederation of British Industry, which represents British industrial leaders, the London andAP - 153 words
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311 1977-02-10 3 AP SANTIAGO, Wed. Latin American countries are intensifying their hunt for petroleum as the prize Increases in value. From northern Mexico to the Strait of Magellan off the tip of the South American continent, local and foreign oil companies are busily probing seabedAP - 311 words
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176 1977-02-10 3 Reuter WASHINGTON, Wed. President Carter yesterday pledged hit support for legislation that would bar US purchase* of Rhodesian chrome. He made the promise at a White House meeting with Congressional leaders, according to one of the participants, Senate democratic whip Alan Cranston. The US now importsReuter - 176 words
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348 1977-02-10 3 UPI THE HAGUE, Wed. Holland's first major strike in four years gathered momentum yesterday and union leaders estimated support would double by the weekend. Work stoppages by an estimated 13,000 workers affected production In the engineering, food and building Industries. The world's busiestUPI - 348 words
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140 1977-02-10 3 AP LONDON, Wed. Television manufacturers in Canada, facing competition from Japanese imports, are undergoing a difficult period of readjustment, Mr. John Pollock, president of Electrohome Limited of Kitchener, said yesterday. Electrohome, the only Canadian-owned manufacturer in the field, Is among television manufacturers In Canada withdrawingAP - 140 words
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190 1977-02-10 3 Reuter NEW YORK. Wed. A New York City deputy mayor said yeaterday he supported test flights into the city by the Concorde supersonic airliner, while Mayor Abraham Beame and State Governor Hugh Carey reiterated their opposition. Mr Osborn Elliott, the former editor of Newsweek magazineReuter - 190 words
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Article183 1977-02-10 3 Talks on JapanUS air treaty UPI TOKYO, Wed. Japan and the United States will hold a four-day round of talks on revision of their aviation treaty in Washington from March 23 to 26, the Transportation Ministry announced yesterday. Previous negotiations last Oct 4 8 In Tokyo ended in a deadlockUPI - 183 words
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Page 2 Advertisements
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Advertisement95 1977-02-10 2 FURNITURE FOR THE KXV CORFORME Corporate Office Furniture. All business and good looks Managerial Suites. Executive desks and chairs. Secretarial set-ups. Filing cabinets. Typing trolleys. Custom Storage Units. All integrated. All classy. A complete range. And real value for money. DIETHELM .Your business is looking good! You are invited to95 words
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Page 2 Miscellaneous
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Miscellaneous328 1977-02-10 2 IJ!IAVi^\iTT?Ti WEATHER report for 24 hours prior to 7.30 p.m. on Feb 9 at Singapore airport Maximum temperature B °j» Associated humidity Minimum temperature VAssociated humidity Hours of sunshine Rainfall in millimetres Total rainfall for the month Total rainy days for the month RADIO TV SINGAPORE 5 3.00 P.M. Opening328 words
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Page 3 Advertisements
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Advertisement469 1977-02-10 3 Have you noticed how Bedford trucks keep on turning up in places where there's hard work to be done? BEDFORD TRUCKS AT CHANGI INTERNATIONAL AIRPORT Look at some of the toughest, roughest jobs going on around town today and you're bound to see Bedford trucks. In just about the biggest469 words
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COMPANY NEWS
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Article1060 1977-02-10 4 ARTHUR NG - By ARTHUR NG CONTRARY to market expectations, It looks as though United Overseas Land will be able to meet its dividend forecast of six per cent for 1976. The company promised to pay t-he dividend when it made a rights issue of one for1,060 words
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Article237 1977-02-10 4 ASSOCIATED Plastics Industries financed Its 81.5 per cent stake In a new Malaysian Joint venture company by a transfer of some existing machinery from two of its wholly-owned subsidiaries. The company says in a reply to the Kuala Lumpur Stock Exchange that the transfer from Poly237 words
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COMPANY MEETINGS
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Article16 1977-02-10 4 Feb 21, 11 a.m., Bth Floor, U.M.B.C. Building, Jalan Suleiman, Kuala Lumpur.16 words
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Article15 1977-02-10 4 Feb 28. 12 noon, at Supreme House (llth Floor), Penang Road, Singapore.15 words
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18 1977-02-10 4 Feb 28, 12.30 p.m. at Supreme House (llth Floor), Penang Road, Singapore.18 words
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19 1977-02-10 4 Industrial Electronics Engineering Ltd.: Feb 10, 3 p m., 10A, Commonwealth Lane. Block 34, Buona Vista Estate, Singapore 3.19 words
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15 1977-02-10 4 Feb 12, 11 a.m.. No. 6 Tambun Road, Ipoh.15 words
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20 1977-02-10 4 Feb 15, 10 a.m.. Registered Office, Penthouse. 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur.20 words
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Article15 1977-02-10 4 Feb 16, 12 noon, No. 14 Jalan 223, Section 20A, Petaling Jaya.15 words
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Article200 1977-02-10 4 DUTCH Baby Milk Industries (Malaya) has taken a 40 per cent interest in a new Malaysian Joint venture company to manufacture and market pasteurised/sterilised milk and other dairy products. The company says in a letter to the Kuala Lumpur Stock Exchange that it has200 words
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Article162 1977-02-10 4 Mr. Han Tat Fong Has resigned as a director of Hotel Malaysia with effect from 31 Jan 1977 while Mr. Mario Ruosch has been appointed additional director with effect from Feb 1 1977. Mr. Mavis Oei has been appointed additional director of Goodwood Park Hotel with effect162 words
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661 1977-02-10 4 THE rescue operation mounted at Folex Industries by its bankers In 1975 appears to be showing some results. For the year ended Aug 31, 1976 the company has managed to reduce its aftertax loss before extraordinary items to M 53.24 million from661 words
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Article178 1977-02-10 4 Current Ex Date Total for Total for payment Date payable the year previous year U.M.Flour 10* Jan 20 Feb 10 10% 10% Sel. Dredging 35%Jan 20 Feb 11 35%+ 40% D. Keramat 66.67%+ Jan 26 Feb 17 66 67%+ 65% Ulu Benut 5HTE Feb 2 Feb 17 5%TE178 words
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670 1977-02-10 4 R. PHALON - By R. PHALON NYT BANKERS are forever coming up with new credit packages to accommodate changing needs 48-month automobile loans because the old 36-month limit does not give some customers enough room to cope with rising auto prices, and variable payment mortgages that helpNYT - 670 words
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Article101 1977-02-10 4 Reuter MONTREAL, Wed. Montreal Stock Exchange president- Robert Demers said a request will be made to the Quebec Securities Commission within two weeks to allow a new class of member trading for his own account and specialising in a limited number of stocks. MSE members approved aReuter - 101 words
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277 1977-02-10 4 Reuter LONDON, Wed. The Stock Exchange Council said It will introduce Talisman computer share settlement for all member firms throughtout the UK from the start of 1979. The service will cover all listed securities with a UK register normally dealt for account settlement.Reuter - 277 words
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238 1977-02-10 4 NEW YORK, Wed. New York City will have to agree on a plan to repay all $983 million of notes which were under a moratorium before It can expect $200 million of pension fund money, due In the first week of March,238 words
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Article130 1977-02-10 4 Reuter NEW YORK, Wed. Mobil said Its Mobil Overseas Pipeline affiliate has signed an agreement with Oeneral Petroleum and Mineral Organisation (Petromln) of Saudi Arabia to manage and build a 1,207 km, 121 cm crude oil pipeline In Saudi Arabia. The Pipeline will run fromReuter - 130 words
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Article42 1977-02-10 4 Reuter MARL, Westphalia, Wed. A rearrangement of participations in Chemlsche Werke Huels held by Bayer and Veba could serve to Increase the Huels group's financial strength and enable It to develope further, Huels managing board chairman Karl Moenkemeyer told reporters.Reuter - 42 words
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480 1977-02-10 4 F.T. ZURICH, Wed. Two Swiss banks, Bank Leu and Banca del Gottardo are to recommend Increases in their share capital at forthcoming annual general meetings. The Zurich-based Bank Leu AG, one of Switzerland's big five, is to propose to its March AGM anF.T. - 480 words
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Article54 1977-02-10 4 Reuter MELBOURNE, Wed. Endeavour Oil said it will make a three-for-10 rights Issue of 50 Australian cent shares at 10 cents a share, credited as fully paid, to shareholders registered on March 4. The Issue, which will raise about $900,000 will Increase the company's Issued capital to $19.52Reuter - 54 words
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Article1193 1977-02-10 4 On February 8 PRICES were mostly lower on the Chicago Board Options Exchange on Tuesday. Declines led advances 273 to 141. Volume rose to 83,038 contracts from 66,552 on Monday. Alcoa OPTION APL JLY OCT STOCK SO 37/8 5 UNTRD 51 7/8 Alcoa 80 UNTRD 7/a 113/41,193 words
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Page 4 Advertisements
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Advertisement319 1977-02-10 4 NEW DIRECTIONS The magazine that actually says what you have been thinking all along. New Directions quarterly was born in late 1973 and has since then quietly set about its task to enhance the intellectual climate in Singapore, to stimulate the spirit of debate and to cast light on major319 words
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INTERNATIONAL COMPANY NEWS
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Article180 1977-02-10 5 Reuter NEW YORK, Wed. International Paper Company, the world's largest papermaklng company, has reported a 36 per cent drop in fourth quarter earnings last year. International Paper said It earned US$4B million, or $1.02 a share, In the quarter, down from $75 million, or $1.69 aReuter - 180 words
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Article133 1977-02-10 5 LONDON, Wed. Alcan Aluminium (UK) has achieved a big turnround to profit last year. Pre-tax profit came to £10 million compared with a loss of £5.9 million last time on a 42.9 per cent Jump In sales to £227.3 million (£159 million). Profit Is after Interest and133 words
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Article116 1977-02-10 5 NEW YORK. Wed. In line with the industry trend, American Airlines has achieved a big turnround to profit last year. Net profit, came to U5556.3 million compared with a loss of $22.4 million in 1975, including $800,000 (loss $10.8 million) from the fourth quarter. Earnings per share came116 words
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Article99 1977-02-10 5 Reuter BERGEN. Norway, Wed. The Bergen shipping company Frendo A/S will be declared bankrupt after a majority of its creditors rejected a deed of arrangement submitted by the company's owner Mr. Fredrik Odfjell. Mr. Gummar Greve Jr. the lawyer representing the management of the deed of arrangementReuter - 99 words
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Article226 1977-02-10 5 Reuter TOKYO, Wed. Honda i Motor said it will make a one-for-10 scrip issue to shareholders at the end of February, increasing its capital to 28.05 billion yen from the present 25.50 billion. Honda said the issue is lntended to return to shareholders part of theReuter - 226 words
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Article112 1977-02-10 5 Reuter ESSEN, Wed. Fried Krupp and the federal cartel office In Berlin declined to comment on Oerman press reports that Krupp would have to cut Its holding in a firm making steam boilers because of the recently agreed Iranian stake In Krupp. Krupp, in wnich Iran nowReuter - 112 words
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312 1977-02-10 5 Reuter TOKYO, Wed. The Finance Ministry is planning to extend application of a special tax exemption measure to yen bonds Issued in Japan by governmentguaranteed foreign borrowers and by International Institutions of which Japan is not a member, ministry officials said. The measure, exemptingReuter - 312 words
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Article254 1977-02-10 5 Reuter TOKYO, Wed. Bank of Japan governor Tellvhlro Morlnaga said the time may soon be ripe for a reduction in interest rates on new Industrial bond issues, a bank spokesman said. Mr. Morlnaga made the remark at a meeting with Economic Affairs Ministers and said the secondaryReuter - 254 words
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Briefly
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Article83 1977-02-10 5 PITTSBURGH, Wed. Wheeling Pittsburgh? rSteel Corp said It raised prices on tin mill products about the same amount as other steel companies announced earlier last week. The company said its higher prices will be effective March 13, and the new pricing will add 0.6 per cent of one83 words
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Article45 1977-02-10 5 TORONTO, Wed. Gulf Oil Canada has reported a fall In net profit to C 5165.9 million from $176.6 million for 1976 despite a rise in revenue to $1.92 billion from $1.7 billion previously. Earnings per share fell to $3.65 from $3.88 last time.45 words
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Article98 1977-02-10 5 NEW YORK, Wed. Continental Group has ended 1976 with a 10.3 per cent rise in full year net profit to US$llB.3 million ($107.2 million) on sales of $3.46 billion ($3.1 billion). The total included a fourth quarter contribution of $20.1 million ($19.07 million) on sales of $852.298 words
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Article70 1977-02-10 5 SYDNEY, Wed. Southern Pacific Petroleum said that the Campomarlno No. 1 wildcat test well in the Portocannone Permit, Italy, has reached a total depth of 1,644 metres In limestone. Final logs have been run and the well is being plugged. The rig used for this test will be moved70 words
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Article67 1977-02-10 5 hENTON, Wash., Wed. Boeing said it has received a firm order from Delta Air Lines Inc for four 727s for 1978 deliveries and has taken an option to buy 20 more. The company said Delta is replacing older McDonnell Douglas Corp DC-9s by the mid-1980s. Boeing said if all67 words
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Article55 1977-02-10 5 LONDON, Wed. Hotel Shilla, a joint South Korean/ Japanese company, raised a US$25 million medium-term Eurocurrency loan, guaranteed by the Korean Development Bank, Dillon,-Reab Overseas Corp said as manager. The two-tranche facility, to complete construction of a hotel in Seoul, carries Interest at two per cent over London55 words
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Article46 1977-02-10 5 FRANKFURT, Wed. Nippon Paint has made a 30 million mark eight-year six per cent convertible private placement at par, a spokesman for lead manager Berliner Handels-und Frankfurter Bank said. Conversion price is 278 yen. The loan Is convertible into the company's shares from May 2.46 words
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Article82 1977-02-10 5 JOHANNESBURG, Wed. Elandsrand Gold Mining said its mine will now come into production one year ahead of schedule at the beginning of 1980. This is due to improved sinking methods and the earlier confirmation of ore reserves by the development from Western Deep's levels. On Jan 24 Elandsrand82 words
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Article32 1977-02-10 5 WASHINGTON, Wed. The Federal Home Loan Banks will offer US$BOO million in bonds on tomorrow to partially redeem SI billion in maturing debt, the Federal Home Loan Bank board said.32 words
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Article77 1977-02-10 5 LONDON, Wed.. Great Lakes Paper, a subsidiary of the Canadian Pacific Group, will offer US$2O million of 1984 debentures on the International capital market in mid-February, Orion Bank said as lead manager of the Issuing consortium. Final terms will be set on or about. Feb 18, with an77 words
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Article302 1977-02-10 5 NEW YORK, Wed. As forecast, Goodyear Tire and Rubber staged a strong recovery in the last three months of 1978 after suffering a net loss of US$5.3 million In the third quarter. Fourth quarter profit was up 03.5 per cent to $52.8 million ($32.3 million), reducing302 words
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181 1977-02-10 5 Reuter MELBOURNE. Wed. Poseidon's receiver manager Noel Buckley Invited tenders for Poseidon's 50 per cent stake In the Wlndarra Nickel operation, Western Australia, as a going concern. Western Mining Corp holds the other haTf-share In the mine. The advertisement describes the project as an establishedReuter - 181 words
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160 1977-02-10 5 Reuter PARIS, Wed. The Commission des Operations de Bourse (COB) supervisory body said it sent a reminder to all listed companies that fuller Information should be given about significant changes in share ownership. In a note, it said uncertainty in this matter encourages uncontrollableReuter - 160 words
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Article829 1977-02-10 5 Terry Dodsworth - WEYBURN ENGINEERING By Terry Dodsworth FT THE PELL-MELL rise of Weyburn Engineering in the last three years has seen the company live up to most of the claims made by Its two major shareholders, Mr. Hugh Buckner and Mr. Ronnie Royston, about the diesel camshaftFT - 829 words
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Article45 1977-02-10 5 Reuter NEW YORK. Wed. Liquid Air Corp of North America, 78.6 per cent owned by L'Alr Llqulde of France, said it completed the purchase from Exxon Enterprises Inc of all the previously outstanding 169,391 Liquid Air preferred shares for around $28.9 million. ReuterReuter - 45 words
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1065 1977-02-10 5 PAUL CHEESERIGHT - By PAUL CHEESERIGHT THEIR tentacles spread deep into the South African economy. They curl from textiles to drilling tools, from motors to food, from construction to computers. But the core of their muscle Is mining asbestos and zinc, copper and wolfram, but above1,065 words
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Article363 1977-02-10 5 LONDON, Wed. In the second half of the 53 weeks to Oct, 2, 1976, electrical and mechanical engineers, Westinghouse Brake and Signal Co. fared better than was expected and turned in a taxable profit of £4.52 million compared with £3.45 million for the previous year. At half-way the363 words
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Article91 1977-02-10 5 TORONTO, Wed. Fourth quarter net profit at Inco rose to US$6O.9 million from $35.7 million, making a total of $196.8 million against $186.9 million for the whole of 1976. Earnings per share came to 82 cents (48 cents) In the quarter and 52.64 ($2.51) In the91 words
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Page 5 Advertisements
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Advertisement101 1977-02-10 5 Two of the best names in the business... CLrRK EQUIPMENT "r I > v I-V-, V. I IT A ...combine to do the |ob better. We take pride in our association with Clark, and now cover the complete range of Clark's construction equipment. We ensure: quality proven equipment highly experienced101 words
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Article2023 1977-02-10 6 irrvn High Low Ciapuy Lut Ma +w Gr'i Div Dhr Crr N« P/l V«1 C«M) Day Higk Low SECTION ONE INDUSTRIALS 175* 131 206 100 237 186 201* 204 248 460 133 130 172 60 185 66 127* 149 172 386 Acma Acma A Alcom Allied Choc2,023 words
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Article1130 1977-02-10 6 BID and offer price* officially luted 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 Board1,130 words
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Article1203 1977-02-10 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with jthe number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Acma (1.438 1.458). A. Tap* (0.4218 0 458) 0 421 Ajinamata1,203 words
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Article165 1977-02-10 6 STRIKING prices of the stock option* officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. D.B.S. (June $3.90) (0.288 0.28 *S) (12) 0.27, (1)0.27*, (9) 0.28. (3) 0.28*. (Sept $3.90)165 words
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Article140 1977-02-10 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Mutagen* price* for Feb 10) Th( Commerce 1.75 1.85 (Current price*) INCOME BOND 1.10 1 16 The Saving Fund 0 95 1.00 S'poreProf. Fund 0.80 0.85 MARA BUMIPUTRA FUND S'pore Security Fund 1.33 1.40 S'pore Invest Fund 105 1.11 (Managers' price First140 words
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Article164 1977-02-10 6 BONDS B O T 8 1/2% 1981 (100,000) (102 KB 103KS) B O T 8 1/2% 1981(50,000X1)103 D B S 8 1/2% 1982 (100,000) (99K8 100KS) DBS Converts 6 1/2% 1991 (100,000) (96H8 97KS) E I B 9% 1982 (100.000) (102 KB 103%5) E I B 8 1/4%164 words
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Article108 1977-02-10 6 5 1/2% 1/12/77 (1,000,000) (101.508 101.58S) 5 1/2% 15/4/78 (1,000,000) (101.708 101.78S) 5 1/4% 15/7/78 (1,000,000) (101.508 101.595) 6 12% 15/8/78 (1,000,000) (103.358 103.505) 7% 1/7/79 (1,000,000) (104.858 105.00S) 5 1/2% 1/10/77-79 (1,000,000) (101.608 101.70S) 5 1/4% 15/10/79 (1,000,000) (101.108 101.18S) 6 3/4% 15/C/80 (1,000,000) (103.10B) 6108 words
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Page 6 Advertisements
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Advertisement25 1977-02-10 6 I f JL 7 I A i fi t, i i k found only in the best company.., i i?osjN ujjeio 4 i PENGUIN i25 words
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Article435 1977-02-10 7 SHARES ended mixed in very thin trading at the Stock Exchange of Singapore yesterday. Right from the first bell sellers dominated the scene. Much of the activity was attributed to a combination of profit-taking and stoploss liquidation. At the various broking houses, scrip delivery was said to435 words
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Article386 1977-02-10 7 SHARES moved narrowly to finish slightly easier in lowvolume trading at the Kuala Lumpur stock market yesterday. The tempo of trading was much reduced with most of the stocks marking time- Activity among glamour issues was scaled toned down considerably. Similarly second and third liners386 words
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Article127 1977-02-10 7 NEW YORK, Wed. With higher Income from unconsolidated operations and higher investment tax credit, Halliburton has enJoyed a 37.3 per cent rise in net Income to U*****.5 million ($222.25 million) last year. This includes a 32.3 per cent Increase in fourth quarter earnings to $79.8 million127 words
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Article48 1977-02-10 7 LONDON, Wed. The coupon on the latest weekly issue of one-year UK local 1 authority bonds has been set at 11% per cent with an issue price at par, bond sources said. i Last week's Issue had a 12 per cent coupon and par I pricing.48 words
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WALL STREET AND OTHERS OVERSEAS MARKETS
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Article1125 1977-02-10 7 NEW YORK: Stocks turned lower after a morning rally attempt failed on Tuesday. Analysts sakl the retreat was primarily technical. However, underlying the technical weakness, analysts said, were concerns about the effects of the weather cold In the east and drought In the west on the nation's economy.1,125 words
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Article291 1977-02-10 7 FRANKFURT: Shares closed mostly barely maintained to weaker In calm trading, dealers said on Tuesday. Leading chemical, electrical and steel shares showed small gains. Banks and stores closed up to one mark weaker. In engineerings QHH gained one mark, but Man lost 1.50. In utility shares Veba lost 1.40291 words
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Article395 1977-02-10 7 PARIS: The market was generally easier on Tuesday, but the decline was less marked than on Monday, dealers said. The Patronat Employers' Federation report that the French economy has stabilised and Deputy Finance Minister Michel Durafour's remarks on the need to avoid a (all m French Investments helped brake395 words
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Article334 1977-02-10 7 AMSTERDAM: The market fell on Tuesday, although a late rally due partly to foreign demand led to some snares recovering from early lows, dealers said. Strikes In Dutch industry were the major depressing factor and Unilever led D ch Internationals 0.60 guilders lower. Elsewhere, most shares fell "KJ* ted334 words
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Article151 1977-02-10 7 BRUSSELS: Most local Issues moved higher In more active trading, despite the decline on Wall Street, dealers said on Tuesday. Rises Included Electroftna, Vieille Montagne, Hoboken, Hai-naut-Sarabre, Wagons-Lilt, Cockerill and Acec. FN and Tessenderloo fell against the trend. UK and French issues were lower. Germans, Dtuch and Americans mixed.151 words
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Article315 1977-02-10 7 TORONTO: Although the gold index rose 27 points, the composite index closed 2-1/2 points lower on the Toronto Stock Exchange on Tuesday. Among golds. Dome Mines gained one at 46, Giant Yellowknife 3/8 at 7-1/4. Camflo 1/4 at 9-3/4. and Agnico-Eagle 1/4 at 3.90. Moore Corp fell one at315 words
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Article186 1977-02-10 7 MILAN: Stocks eased In modest trading on Tuesday, with prices Influenced by technical factors and continuing uncertainty over political and union reaction to recent government measures raising taxes and curbing wage rises, bourse sources said Genersle Immobilisre fell sharply. The company Is proceeding with a planned capital Increase, despite186 words
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Article449 1977-02-10 7 Reuter TOKYO: Share prices closed lower on Wednesday on heavy profit talcing In blue chips following the market average's rise to a record high on Tuesday. dealers said. The Dow Jones average lost 18 59 to close at 5 068.11 with volume 310 million shares. The New Index closedReuter - 449 words
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Article403 1977-02-10 7 JOHANNESBURG: Gold shares were firm In line with European bullion indications, although dealers noted Isolated movements from the day's highs after profit-taking In afternoon trade, dealers said on Tuesday. Heavyweights gained up to 100 cents and medium-priced stocks up to 30. Financial minings were more cautious, rising only slightly403 words
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Article462 1977-02-10 7 SYDNEY: Selling depressed most sectors, taking the market down to Its lowest level for the year on Wednesday, although there was resistance In some key sectors, dealers said. The Sydney All-Ordinaries Index (ell 1.31 points to 431.68. Leading industrial BHP fell a further two cents to $7.08, CSR three462 words
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Article80 1977-02-10 7 FEB IN Bahts Asia Fibre lies Bangkok Bank 249 +2 Bangkok Invest 144 -I Bangkok-Metro-poll tan Bank Bata 371S unch Bern Jucker 164 Charoong Thai Wire 162 Dumex DusItThanl Faber Merlin First Trust Indo-Thal J And J Ho 192S Jalaprathan Cement 83 unch Karnasuta Lee Kwang Mln Metal Box80 words
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Article285 1977-02-10 7 ZURICH: The market closed barely steady In dull trading on lack of Incentives on Tuesday. Both Investors and sellers kept to the sidelines, dealers said Major banks edged lower, except for a very steady Leu registered. Among little changed flnanclals. Bally extended recent gains, while Interfood B' and Oerlikon-Buehrle285 words
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Article414 1977-02-10 7 HONGKONG: The market fell back In quiet trading In line with overseas markets, on Wednesday, after rising In the previous five trading days, dealers said. The Hang Sena Index dropped 2 88 points to 442 32 Follow through support was lacking in the absence of fresh news, they said.414 words
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Article161 1977-02-10 7 MANILA: The market weakened with minings metal prices, and oils also lower In very stn&li turnover, dealers said on Wednesday. Unchanged Issues Included Philex B, San Miguel A and Oriental A. Gainers Included PLOT and Seafroat but Atlas Con A and B. Baguio Gold, Lepanto B, Picop A, Philex161 words
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Article63 1977-02-10 7 FINANCIAL TIMES INDUSTRIALS Tuesday 392.2 Monday 397.5 Week ago 395.9 DOW JONES AVERAGE INDUSTRIALS Tuesday 942.24 Monday 946.31 Week ago 958.36 LONDON DOLLAR PREMIUM Tuesday 98* to 99% Monday 98W to 99% H.K. HANG SENG Tuesday 445 20 Monday ...444.65 Week ago 431.02 SYDNEY INDUSTRIALS Tuesday 355.76 Monday 356.9763 words
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Advertisement352 1977-02-10 7 > Yes, Penguin books are not to be found in any ordinary shop. ot n roa d-side stalls. Heavens, certainly not in the 1% pasar ma/am! Because Penguin books are rather special- They are mind-stimulating, deeply researched, jK P»» enterta n n 9 n a wholesome way, highly educational M352 words
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COMMODITY REPORTS AND PRICES
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Article801 1977-02-10 8 PRICES in the Singapore rubber market yesterday were marked down about one cent at the opening, following lower overseas advices. Thereafter, prices fluctuated narrowly in dull trading, dealers said. However, towards the morning close, fresh demand for March and April appeared to firm prices801 words
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Article180 1977-02-10 8 The Straits tin price in Penang yesterday was up $4.00 to $1,531.00 on an official offering of 235 tonnes. In LONDON yesterday, tin lost £57 per tonne for cash and £56 for Three Months in both contracts. The market was nervous after the recent heavy buying of Three180 words
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Article30 1977-02-10 8 Rubber: Jan 26 Singapore: Mar. 206,00 cts (up 1.25 cts.) Malaysia: .Mar. 210.25 cts (up 1.25 ct) Tin: $1,531.00 (up $4.00). Official offering: 235 tonnes (down 15 tonnes)30 words
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Article62 1977-02-10 8 THE Malaysian Minister of Finance has fixed these rates for the period from Feb. 10 until further notice: Rubber 93'<« cts. a lb Copra $852.00 a ton Palm kernal $235.25 a ton The rate of duties payable are: Rubber 11'/, cts. a lb (Surcharge 5% cts. a lb)62 words
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Article112 1977-02-10 8 DAILY SSR and SMR prices in cents per kilo at noon yesterday: R.A.S. Mar. Apr. (Current Mlhl (Forward Mth) 1 uyer* Selleri Buyer* Sellers SSR 20 (1-ton Pallet) 190 50 192 50N 192.00 194.00N SSR 50 (1-ton Pallet) 188 00 190 OON 189 50 191 50N M.R.E.L.B.112 words
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Article238 1977-02-10 8 LONDON, Wed. Copper wire bars showed lossed or£6 per tonne for cash and £7 for Three Months. The market appeared to be seeking fresh incentives and in the absence of renewed physical demand, values drifted lower under scattered liquidation to trade at £862 per tonne at the end of238 words
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Article330 1977-02-10 8 IN the Singapore gold market yesterday, the kllobar was traded In the range of 5510,700 to $10,775. The loco London gold opened at U*****.30/134.70 and was strongly bldded up on buying support to close at U*****.00/135.50. The London morning fix was U*****.25 up $1.55 on the previous fix Source:330 words
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Article54 1977-02-10 8 LONDON, Wed. Lead lost mostly £3.75 per tonne in the morning. Liquidation and hedge selling took Three Months down to 364 per tonne in premarket, but the lower levels attracted covering and fresh buying Interest, and up to £370 was paid In the ring before pronttaking payed the recovery.54 words
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Article64 1977-02-10 8 LONDON, Wed. Zinc lost mostly £2 per tonne in the morning. There was still a lack of direction and price movements mainly reflected the trend in other base metals, dealers said. Small scale liquidation pushed the Three Months position down to £418 per tonne during the pre-market and ring64 words
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Article118 1977-02-10 8 THE following Palm Oil prices w< ere quoted In London on Tuesday. The prices are clf Rotterdam and are quoted in US dollar per ton unless otherwise stated Tuesday Prev Malaysia b% ffa bulk Apt/May MO sir 503 sir Sumatra 5% Feb unch 512.50 sir Mar 507.50 sir118 words
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Article272 1977-02-10 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER Pll'L'L YESTERDAY. Coconut Oil: Bulk $65 sellers, old drum $90 sellers, new drum 595 sellers Copra: Mixed (loose) L'K/Cont $55 buyers Pepper: Muntok ASTA white f ob 100% NLW $350 sellers, Sarawak white lob 96% NLW (330 sellers Sarawak special272 words
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Article309 1977-02-10 8 LONDON, Wed. Coffee futures bounced back contrary to most expectations to trade inside the £3,000 mark particularly in the near positions where commission house and trade buying featured. May, the most active Month after trading at a low of £2,988 rose to £3,025 but came back to end the309 words
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Article140 1977-02-10 8 CHICAGO. Tues. Wheat futures finished the session with prices one cent a bushel higher to one cent lower. Commission house buying stimulated small early gains before prices weakened on speculative selling on easiness in soybean futures. Commercial selling late In the session dulled the effects of late strength in140 words
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Article165 1977-02-10 8 CHICAGO, Tues. Soybean futures finished the session with gains of one to four cents a bushel on a late flurry of trade. On a relatively light volume through most of the session, prices eased on expectations of increased country movement and reduced demand because of warmer weather. Spreading later165 words
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Article170 1977-02-10 8 i LONDON, Wed. Silver registered gains of two to 2.7 pence per troy ounce. Three Months closed at 273.6 pence the morning's high. Carries accounted for the greater part of the turnover of 145 lots. Prices continued to move ahead on the kerb where Three Months traded up to170 words
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Article285 1977-02-10 8 LONDON, Wed. Terminal was initially fully steady on light trade buying and reflecting the very steady close In New York on Tuesday's night. With fresh Interest small, the rise was not maintained and, at the end of the opening call, values were below the highs although still £1.30 to285 words
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Article209 1977-02-10 8 BANGKOK, Wed. Indicative prices for rice quoted In Bangkok yesterday were: US dollars per tonne fob basis Bangkok. 100 per cent Ist class 282 100 Der cent 2nd 267 100 per cent 3rd 262 5 per cent 254 10 per cent 233 15 per cent 230 20 per cent209 words
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MONEY AND EXCHANGES
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Article533 1977-02-10 8 Dealers reported a dull and inactive trading day In the foreign exchange market with slight movements noted in the US dollar/ Singapore dollar counter from an opening of 552.4588/93. Although the American currency was taken up to $2.4590/93 at one stage, It failed to sustain its rise and fell533 words
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Article156 1977-02-10 8 Asian rates ASIAN currency deposit rates u at close on Feb 0. interbank L'8 DolUr, (Spot) Offer Bid 7days J mth 2 mths 3 roths 6 mths 9 roths 12 roths ..m .4 3/4 ..4 3/4 ..51/2 ..57 /8 ..6 1/18 41/2 4 5/8 4 5/8 4 7/8 53/8 53/4156 words
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Article51 1977-02-10 8 RANGE of prlcei offered by dis count houses on Feb 9 Overnight l\ to 3% Call deposit 2 to 3H i losing Buy Selling 3-month Treasury bills 3 2H 3-Month Bank bills 3% 3-Month CO 4 7/16 4 5/16 6-Month CD 4 9/16 4 7/16 Sourer: National Discounts51 words
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Article168 1977-02-10 8 Euro rates LONDON. Wed. Day to day Eurodollar deposits opened steady while the Friday dealing technicality made for a lower opening In periods, dealers said. Shorts showed little movement In early routine business, but periods had a softer undertone with funds tending to come in the middle of quoted ranges.168 words
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Article259 1977-02-10 8 LONDON, Wed. The yen advanced strongly In early trading, firming to $285.70/80 to the dollar from $286.85/287.00 overnight, dealers said. They said the yen's recent advance against all currencies was boosted by a statement by economist, Lawrence Klein, in the Joint Congressional economic committee in Washington that Germany and259 words
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Article154 1977-02-10 8 NEW YORK, Tues. The dollar closed slightly firmer after a nervous trading session with operators unsure of its future trend, dealers said. The dollar opened lower in sympathy with the weaker pound but drifted higher amid conflicting assessments of the impact of the severe US winter on the154 words
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Article143 1977-02-10 8 TOKYO, Wed. The yen rose sharply against the dollar here, reaching a new high since July 1975,' on growing expectations of Its further appreciation among traders and bankers, dealers said. The dollar for overnight delivery closed at 285.80 yen compared with 286.80 yen at the opening and 287.40 yen143 words
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Article116 1977-02-10 8 HONGKONG, Wed. The US dollar was quoted at a late HK54.6430/50 In quiet featureless trading, unchanged from Tuesday's late rate but slightly firmer than early rates around A 54.6415 mid-point, dealers said. The US unit weakened to 2.4135/40 marks from the New York 2.4150 mld-polnt close after opening firmer116 words
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Article40 1977-02-10 8 THE Monetary Authority of Singapore (MAS) Invites banks and discount houses to tender for: $20 million 91-day Treasury bills to be issued from Feb 14 to Feb 16. 1977. Each tender must not be less than $250,000.40 words
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Article58 1977-02-10 8 Minimum lending rates (in ACBC 6 J Algemene Bank 6* Bangkok Bank ..7* Bank of America Bank of China 7 Bank of Tokyo 6%. Bank Negara Indonesia 7 First Chicago 6H Citibank HSBC 7 Indosuez 6% Malayan Banking 6* Mitsui Bank .6* OCBC 6%. OUB .6% Chartered Bank Chase Manhattan58 words
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Article47 1977-02-10 8 AUSTRALIA/NZ exchanges quoted on Feb. 9. Australia: Sterling 0.6374/0.6306 US dollar 1.0905/1.0857 Ninety-day air mail buying rates Sterling 0.6644 US dollars 1.1161 Ninety-day forward buying rates Sterling 0.6521 US dollars 1.0927 New Zealand: Sterling 0.5558/0.5528 US dollar 0.9585/0.9485 Ninety-day forward rate Sterling .5887 US dollar .977047 words
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Article58 1977-02-10 8 ZURICH exchanges closing quotes on Feb. 8. US 2.5123 5133 UK 4 3090 3125 Can 2.4500 4525 W Germ 104.14 22 Neth 99.60 69 France 50.52 56 Belg 6.78-3/4 79-1/2 Denm 42.34 37 Norw 47.49 54 Swed 58.93 98 Italy 0.2847 2849 Austria 14.64 67 Port 7.77 79 Spain58 words
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Article33 1977-02-10 8 FRANKFURT exchanges opening quotes on Feb 9 US 2.4125/40 (2.4110/20) Can 2.3570/90 UK 4.135/150 Neth 95.62/77 Switz 95.90/96.05 Italy 2.730/745 France 48.50/65 Norw 45.53/60 Belg com 6.510/525 Belg Fin 6.51/52 Japan 0.8435/5033 words
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Article289 1977-02-10 8 LONDON, Wed. Dollar bonds were mixed In dull trading, dealers said. In first time dealing, the Venezuela $100 million eight per cent note Issue due 1984 and priced at 99 Mi opened around 97% 98 while the beneficial finance Csso million nine per cent Issue due 1984 opened289 words
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Advertisement170 1977-02-10 8 TOP EXECUTIVE how to achieve it V > rr how to hold it...TODAY... ...is for YOU the younger executive This forceful, fast-reading new Guide exposes the dynamic strategies seldom openly discussed and almost unknown to the younger man who needs them most. Now you can learn: how to create and170 words
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Article, Illustration1892 1977-02-10 9 TERRY DODSWORTH - By TERRY DODSWORTH Financial Times u£Himu all the brouhaha and marketing Jingoism Inspired by the launch of the British Fiesta last week lies a deadly serious commercial purpose. This car, Ford's answer to the flood of recent European hatchbacks, Is the culmination ofFinancial Times - 1,892 words
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Article155 1977-02-10 9 AP LONDON, Wed. Despite recent confusion on the London freight market surrounding US grain markets due to the icy condition of the Mississippi and Ohio rivers, spot loaders in the US Gulf are commanding firm rates here for Transatlantic business. The Elln Horn, for instance, managed toAP - 155 words
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Article, Illustration346 1977-02-10 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Altalr (0500) 45 Cunard Carronade (Clinker) (0230 tide after Hintsung) (must starboard to draft 9m) 5 Golden Glory (0900 tide after Teak Star) 24 Junyo Maru (JKRE) (1500 after Teak Star) 25/26. Laomedon (1500 after Hoegh Elan) 1/2 Makly (3FEN) (2300) 19 SBS346 words
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Article604 1977-02-10 9 ARRIVALS Service Loca 1 Operator Number Time Prom CPA CX003 0145 HKG MAS MH682 0810 KCH SIA SQ211 1010 HLP CPA CX710 1030 HLP OLA OA 980 1030 HLP OIA GA908 1100 MES PAL PR501 1115 MNL RBA BI325 1155 BWN SIA SQ201 1200 HLP SIA SQ240604 words
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Advertisement405 1977-02-10 9 He itlBefreM>drfknaajttw ageUfe n&di Mje <■ 1 m The child of today is more involved. More aware. And must learn 50% more than a child 20 years ago. That's precisely why yesterday's reference works can't really satisfy his needs. He jflK&Jg needs a totally new system of learning: Britannica 3405 words
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Article, Illustration1543 1977-02-10 10 BARRIE HEATH, THE CHAIRMAN OF GKN, SPEAKS HIS MIND ON THE BULLOCK REPORT Financial Times I HAVE a strong personal interest and belief In my concept of Industrial democracy. This concept Involves a participative style of management, with the Involvement of emDlovees at everyFinancial Times - 1,543 words
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Article, Illustration808 1977-02-10 10 LEONARD SILK - By LEONARD SILK NYT THE Arthur Burns of West Germany is Karl Klasen, president of the Bundesbank, Germany's Central Bank-. The similarities between the two men are striking: both are courteous and conservative In style and thought. Of course, there are differences: Dr. KlasenNYT - 808 words
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Article, Illustration980 1977-02-10 10 WALTER LOGAN - By WALTER LOGAN UPI THE Middle East Is stirring uneasily again after months of dormancy brought on by the civil war in Lebanon and the United States presidential elections. The talk Is of an Arab peace initiative but the fears are of the fifthUPI - 980 words
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Advertisement191 1977-02-10 10 i I 111 MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The191 words
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Article427 1977-02-10 11 KUALA LUMPUR. Wed. The Malaysian Textile Manufacturers Association (MTMA) has again urged the Oovernment to look seriously into its plight and recommend effective measures to strengthen the export effort and growth of the Industry. In its second, more detailed memorandum presented to the Textile Advisory427 words
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576 1977-02-10 11 AP NEW DELHI. Wed. India's pro-Moscow Communist Party, an uneasy ally of Prime Minister Indira Gandhi, released today Its platform for the March Parliamentary elections, which Included a stinging attack on Mrs. Gandhi's son. Sanjay. The 30-year-old Mr. SanJay, who Is becomingAP - 576 words
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342 1977-02-10 11 MANILA, Wed. Philippine President Marcos said yesterday there "are other matters that have been brought up" in the on going negotiations with Filipino Muslim separatists in Tripoli, Libya, requiring the attendance of some representatives who are still in this country. However, Mr. Marcos342 words
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Article119 1977-02-10 11 AP Reuter BERNE, Wed. Switzerland had a further slight decline In Gross National Product last year, the Government's Commission on Economic Affairs said. The Commission gave no figures. A real negative growth rate of 7.8 per cent was seen In 1975. For the current year,AP; Reuter - 119 words
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Article83 1977-02-10 11 Reuter CANBERRA, Wed. Australia's seasonally adjusted visible trade surplus widened to AS9O million in January from $60 million in December and $62 million in January 1976, the Statistics Bureau reported. Exports rose to $1.03 billion from 843 million, against $762 million the previous January, while importsReuter - 83 words
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Article92 1977-02-10 11 Reuter BRUSSELS, Wed. Common Market foreign ministers agreed that Portugal, as a democratic state, is entitled to apply for membership of the Common Market, EEC officials said. However, an agreed text worked out by the ministers on the question of Portuguese membership said thatReuter - 92 words
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Article103 1977-02-10 11 AP JAKARTA, Wed. Indonesia plana to reduce the volume of timber export as soon as possible to avoid a price decrease in the world market, Trade Minister Radius Prawiro said today. Mr. Prawiro, who was accompanied by State Minister for Administrative Reform Sumarlin, told reporters following aAP - 103 words
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Article149 1977-02-10 11 UPI JAKARTA, Wed. Seven droughts during the year caused Indonesia's sugar output to decline by about 13.5 per cent In 1976 compared to the previous year, according to official estimates released today. Indonesia last year produced 0.89 million tonnes of sugar, compared to 1.03 million tonnesUPI - 149 words
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179 1977-02-10 11 Reuter LONDON, Wed. The Governor of the Bank of England, Mr. Gordon Richardson, will outline British proposals for offering foreign currency bonds to replace official holdings of sterling balances In London when he visits Saudi Arabia and Kuwait later this month, Informed sourcesReuter - 179 words
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694 1977-02-10 11 RAM SURESH - By RAM SURESH Reuter HAIPHONG, Wed. This heavily bombarded northern port city Is bustling again, but scars of Vietnam's long war are still clearly visible. The blackened shell of a cement factory right next to the docks stands as a grim reminder ofReuter - 694 words
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Article114 1977-02-10 11 MAGIRUS-DEUTZ, the West German manufacturer of trucks, buses, coaches, and flre-flghtlng vehicles and apparatus, has been negotiating with companies in the Far East to act as their agents. These companies will- be promoting the sales of larger trucks than those presently being assembled at Maglrus-Deutz's114 words
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Article59 1977-02-10 11 Reuter ISLAMABAD, Wed. Pakistan and the United Arab Emirates discussed trade, Joint ventures and technical assistance at a meeting of their Joint Ministerial Commission today. The commission was set up in 1974 under a mutual cooperation agreement. Ambassador Rasld Sultan Al-Makhawal led the UAE delegation and Economic AffairsReuter - 59 words
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Article346 1977-02-10 11 FOUR PLAN TO OPEN OFFICES A "MINI-INVASION" of Korean bank* may take place In Singapore In the near future. Four more South Korean banks are planning to set up offices here to participate in the Asian dollar market and the region's financial activities. The four346 words
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218 1977-02-10 11 Reuter HONGKONG, Wed. Hongkong and Canadian government officials will meet In London on Feb 11 to discuss the Import restrictions on clothing Imports unilaterally imposed by Canada last November, a Department of Commerce and Industry spokesman said. The restrictions, taken with the intentionReuter - 218 words
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Article77 1977-02-10 11 HONG Leong Building, the much publicised $50 million asset of Hong Leong Holdings, will be officially opened on Feb 21. The 41-storey officeapartment complex, also the headquarters for the Hong Leong Group, has among its tenants the Stock Exchange of Singapore, and the offices of several77 words
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Article219 1977-02-10 11 UPI MOSCOW, Wed. The prices of taxis will double In the Soviet Union on April 1 as part of a general fare. Increase for land, air and water transportation, Pravda said yesterday. The government announced before the end of last year that transportation prices wouldUPI - 219 words
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157 1977-02-10 11 WITH the advent of HDB flats and industrial development, social problems in Singapore may Increase, unless the community Is sufficiently acquainted with the problems that may arise. This was told to a Paslr Panjang Youth Group meeting yesterday, held at the constituency's community157 words
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140 1977-02-10 11 Reuter TOKYO, Wed. Canadian officials assured Japan of a sufficient supply of Canadian rapeseed this year at a two-day rapeseed trade talk which ended here yesterday, the AgricultureForestry Ministry said. This was the first government-level talk on rapeseed following an accord reached at theReuter - 140 words
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247 1977-02-10 11 Manila Electric seeks US$40m Asian loan THE Manila Electric Company of the Philippines Is coming to the Asian Dollar market for a US$4O million loan, and It will almost certainly be supplied through Hongkong rather than through Singapore. This Is because the merchant bank leading the syndication effort Asia Pacific247 words
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Article202 1977-02-10 11 UPI BUENOS AIRES, Wed. A private firm has recently sold 100,000 metric tonnes of Argentine wheat to China, Industry sources said yesterday. Unconfirmed reports said a much larger ArgentineChinese wheat deal, perhaps as much as 400,000 metric tonnes, is under negotiation. The sources said theUPI - 202 words
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Article181 1977-02-10 11 Reuter PEKING. Wed. Soviet Vice-Foreign Minister Mr. Leonid Ilylchev last month paid a courtesy call on Chinese Foreign Minister Mr. Huang Hua here, an official Chinese spokesman disclosed today. Other sources reported the meeting lasted about an hour. The spokesman stressed the call was atReuter - 181 words
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Advertisement454 1977-02-10 11 is in the process of expanding its overseas offices this year and offers excellent career opportunities for highly experienced executives with the appropriate banking background to take up the following appointments. Selected candidates for each of the positions will be initially employed in Singapore but must be prepared to be454 words
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287 1977-02-10 12 WOMEN will very likely be called up for national service to fill non-combat Cats, according to Defence lnlster Dr. Ooh Keng Swee. In the Ministry of Defence addendum to the presidential address at the opening of Parliament on Tuesday, Dr. Qoh said,287 words
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Article216 1977-02-10 12 AP SEOUL, Wed. South Korea has begun to build a pilot nuclear fuel processing plant under a two-stage plan to produce its own nuclear fuel on a commercial basis by 1983. The Ministry of Science and Technology said that the pilot plant for fabrication withAP - 216 words
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Article158 1977-02-10 12 AP BRUSSELS, Wed. Negotiators for the United States and the European Common Market have reached tentative agreement on fishing rights for the nine member countries in waters within 320 km of the US coast, officials said today. West Europeans have fished off the New EnglandAP - 158 words
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Article54 1977-02-10 12 AP TOKYO Wed. North Korea and China held a meeting In Pyongyang today to discuss their Joint management of the KoreaChina Amnok-gang Hydroelectric Power Corporation, the (North) Korean Central News Agency said. The agency said complete agreement was reached on all matters discussed at the 29th meetingAP - 54 words
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Article828 1977-02-10 12 LONDON. Wed The stock market closed firm among government stocks but leading industrials generally reversed early small gains In quiet trading, dealers said At 3 p.m., the Financial Times Index was down 2.3 at 389.9. Short dated stocks were higher by around 1/2 to 5/8 point on 'cheap'828 words
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216 1977-02-10 12 BANGKOK, Wed. Thai and Laotian forces exchanged fire across the Mekong River today, government officials reported. They said that Pathet Lao troops stationed on the Laotian bank of the river opened up with rocket and automatic fire. No casualties were reported in the Incident,216 words
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149 1977-02-10 12 HILL and Knowlton, the International public relations and public affairs firm, has acquired Gllck and Lorwin, a New Yorkbased education and professional relations counselling firm which serves both the business and industrial sectors. OUck and Lorwin will retain its name and management as149 words
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130 1977-02-10 12 SIXTY per cent of the 2,300 buses operating in Jakarta are powered by the Perkins 6.354 automotive dlesel engine. This shows a fuel saving consciousness, despite the fact that Indonesia Is a major oil-pro-durlng country. At the end of the *****, official statistics130 words
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Article35 1977-02-10 12 DR. D. Fischer, head of the Lighting Design and Engineering Centre of Philips International (Holland), will be giving a lecture of Energy Conservation in Environmental Control of Buildings tonight at the Shangri-La Hotel.35 words
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Article, Illustration694 1977-02-10 12 ONE of America's leading economic forecasters, Dr. Raymond Jallow, predicted yesterday that continued expansion of the U8 economy this year will benefit the Singapore economy and South-east Asia. He said that Singapore's exports to the United States expanded by about 30 per cent694 words
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284 1977-02-10 12 UPI TOKYO, Wed. The Manila-based Asian Development Bank (ADB) Is expected to adopt a policy of extending credits of about US$ 39 million (Ss96 million) to Vietnam sometime this month, the Tokyo financial newspaper Nlhon Kelzal said today. The paper said in ItsUPI - 284 words
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Article218 1977-02-10 12 Reuter MR. Peter Sim, chairman of the Australian Senate's foreign affairs and defence committee, said at a press conference here yesterday that his country was now adopting the correct attitude to the South-east Asian region, by placing more Importance on regional trade and economics. SenReuter - 218 words
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419 1977-02-10 12 Reuter LAHORE, Wed. The Pakistan National Alliance, a nine-party opposition coalition, said yesterday it would take Pakistan out of the Central Treaty Organisation (Cento) if it gained power in the March 7 general elections. Mr. Chaudhry Rafiq Bajwa, secretary-general of the Alliance,Reuter - 419 words
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Article173 1977-02-10 12 Reuter BRUSSELS, Wed. Israel Foreign Minister Ylgal Allon, who meets United Nations Secretary-General Kurt Waldhelm tomorrow, said today Israel could not accept the UN as an "honest broker In the Middle East conflict." Mr Allon told a press conference here, that Dr Waldhelm would be receivedReuter - 173 words
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221 1977-02-10 12 THE Joint certification, by Ngee Ann Technical College (NATC) and the Polytechnic of Central London (PCL), of NATC diplomas will cease after September 1979. In 1972, NATC established an academic link with PCL in order to upgrade NATC's courses to a standard221 words
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Article401 1977-02-10 12 WHO would buy 10 kilos of meat or more at one go? Well, at least 60 to 70 homes here on any given day, according to Primary Industries Enterprise, a government-owned body which provides home delivery service of fresh pork and other meats. The service,401 words
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Article56 1977-02-10 12 Reuter BANGKOK, Wed. Thailand's gross International reserves rose to US$l.B9 billion, (554.60 bullion) at end of 1976 from $1.78 billion ($4.35 billion) a year earlier, the Bank of Thailand said. Net reserves, after deduction of commercial banks' overseas liabilities, rose to $1.48 billion ($3.60 billion) from $1.37Reuter - 56 words
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Article86 1977-02-10 12 MORE and more women lawyers are being called to the Bar and this trend Is likely to continue, said the Chief Justice, Mr. Wee Chong Jin, yesterday. He said this as he welcomed seven new lawyers to the Bar. Four of the seven were86 words
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Article67 1977-02-10 12 A US Internal Revenue Service tax assistant, Ma. Kathrlne Kennan, will be In Singapore on Feb 17 and from March 3 to 9 to assist persons and companies with their 1976 US tax returns. Two seminars for US taxKyers will also be held, the st on67 words
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Article147 1977-02-10 12 Reuter NEW YORK, Wed. North Korea, which defaulted on some nearly US$4OO mlllidn (SS9BO million) of foreign debts in 1975, has reached agreement on repayment of about $258.3 million according to a publication issued here yesterday. Chaise World Information said that a syndicate ofReuter - 147 words
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Article166 1977-02-10 12 Reuter PLOERMEL, Wed. French President Valery Olscard d'Estalng, fighting to restore his bruised political prestige, pledged yesterday to stem the divisions in government ranks and lead the ruling majority to victory In general elections one year away. In a battling political speech ending aReuter - 166 words
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141 1977-02-10 12 UPI JAKARTA, Wed. Indonesia rejects in principle any idea to lower crude oil prices after the 10 per cent Increase decided upon by the Organisation of Petroleum Exporting Countries (Opec) recently, Minister of Mines Mohammad Saudi Arabia and the United Arab Emirates which increase pricesUPI - 141 words
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Article136 1977-02-10 12 UPI MANILA, Wed. The President of the Trade Union Congress of the Philippines yesterday called for the nationalisation of the petroleum industry to aid the pursuit of national development. Mr. Roberto Oca, In a speech to labour leaders, said the national Interest and pursuit ofUPI - 136 words
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Advertisement340 1977-02-10 12 from Penguin China the most populous nation in the world. Fast emerging as a major power in world politics. Isolated from the rest of the world for over two decades, world attention has nevertheless turned to this most enigmatic of nations time and again. Starting with Nixon, world leaders are340 words
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