The Business Times, 12 February 1977
1977-02-12
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The Business Times
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Title Section9 1977-02-12 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, FEBRUARY 12, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article113 1977-02-12 1 PRESIDENT Sheares and Prime Minister Lee Kuan Yew sent their condolence messages to King Hussein of Jordan yesterday, to express their sympathy on the death of Queen Alia. In his message, President Sheares said: "It Is with deep and profound regret that my wife and I learnt of113 words
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Article39 1977-02-12 1 UPI NEW DELHI, Frl. President Fakhruddln All Ahmed who returned here yesterday from Kuala Lumpur after a state visit to Malaysia, died early this morning of a massive heart attack at his official residence here. UPI.UPI - 39 words
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Article77 1977-02-12 1 Reuter KUALA LUMPUR, Fri. -*A Malaysian Government minister said today that his country, Thailand. Singapore and Indonesia were developing a regional resilience which would act as a bulwark against any communist attempt to "conquer or place South-east Asia under their influence or hegemony." Home Affairs Minister TanReuter - 77 words
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Article60 1977-02-12 1 Reuter MANILA, Fri. President Marcos today announced that a plebiscite would be held in southern Philippines on Feb 21 to determine which of 13 provinces there wished to belong to a proposed Muslim autonomous region. The announcement, made by the Presidential Press Office, came after the PresidentReuter - 60 words
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Article57 1977-02-12 1 Reuter JERUSALEM, Fri. UN Secretary-General Kurt Waldheim, pursing his Middle East peace mission, told Israelis today: "The Palestinian attitude has changed and is more flexible." The United Nations chief Indicated that PLO leader Yasser Arafat had told him that the Palestinians were now ready to accept theReuter - 57 words
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Article44 1977-02-12 1 AP TOKYO, Frl. A high official in the Ministry of Finance has suggested that Britain cut exports of scotch, its largest single export to this country, because of the British request that Japan cut car exports to Britain. APAP - 44 words
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Article46 1977-02-12 1 Reuter LONDON, Frl. The market closed sharply lower on the last day of the account. Selling was attributed to the lower rate of sterling and concern over the Government-unions pay restraint talks. The FT index fell 10.8 to 378.9 by 3.00 p.m.Reuter - 46 words
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Article44 1977-02-12 1 UPI NEW YORK, Frl. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 935.75, down 2.17; 20 transp 225.76, down 1.21; 15 utils 106.75, down 0.42; 65 stocks 307.76, down 1.03. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration186 1977-02-12 1 TRADING at the Stock Exchange of Singapore turned steadier yesterday. The highlight of the day was Consolidated Plantations which shot up 20 cents to $3.52 on rumours of a change in domicile from the UK to Malaysia. Steady support was also noted on the options board. The186 words
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Article113 1977-02-12 1 Rises Most active Consol Pit $3.54 .18 Pan Electric 151.000 Kramat $308 .10 Central Sugars 69.000 O.C.B.C. $7.70 .10 Haw Par 69.000 Shangri-la $3.10 .06 InchcaDe 50.000 S. Trading Is. and Pen Guinness $5.60 $165 $4 24 .05 .05 .04 Total Turnover: 0.96 m Total Value: M$1.95113 words
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1013 1977-02-12 1 QUEK PECK LIM - FOR GREATER COST-EFFECTIVENESS By QUEK PECK LIM TAXPAYERS will have a better idea than In the past of how their tax dollars are spent, when the Minister of Finance unveils his budget for Fiscal Year 1978/79 next April. The Ministry is moving towards a1,013 words
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445 1977-02-12 1 SINGAPORE Is commercially viable as an International manufacturing base, even In the absence of any form of protection. Confidence In this fact, said Dr. Tan Eng Liang, Senior Minister of State for National Development, has been expressed by the establishment of a new. $3.2445 words
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144 1977-02-12 1 MERRILL Lynch International recently revealed that it is seriously considering plans for expansion in South-east Asia In merchant banking and loan syndication activities, to capitalise on the growing Asian dollar market. According to market sources, its plans entail opening a representative office in Hongkong144 words
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Article450 1977-02-12 1 KUALA LUMPUR, Frl. After the first day's trading on the London Stock Exchange of Harrisons Malaysian Estates the new company formed from the merger of Golden Hope, London Asiatic and Pataling the shares are trading at around 49 pence. (M 52.10) This puts a value450 words
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Article176 1977-02-12 1 SINGAPORE. Malaysia, Indonesia and Japan will set up a central co-ordinating body to operate a $55 million electronic navigational system in the Straits of Singapore and Malacca, by 1979. The four countries will meet later to discuss the functions of the body, which Is expected176 words
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Article49 1977-02-12 1 PARIS, Fri. British businessman Sir James Goldsmith has reached a tentative agreement to buy 45 per cent of the weekly French news magazine I'Ex- press for Ss29 million, press industry sources said today. But control is likely to remain with French politician Jean-Jacques ServanSchreiber, they added.49 words
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342 1977-02-12 1 SOME serious thinking is required in the building industry in Singapore due to the industry's current depressed state ahd the consequent apprehensions of those affected by it. Increasingly desperate clamours for government assistance reflect this bad state of affairs and those in charge342 words
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Article549 1977-02-12 1 KUALA LUMPUR. Fri. An investigation by the London Metal Exchange has revealed that one dealer has been buying tin heavily in London recently, with purchases of up to 5,000 tonnes worth about £30 million (Ssl26 million) for delivery in April and May but the549 words
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125 1977-02-12 1 KUALA LUMPUR. Fri. An American expert will arrive soon to help draft the rules and regulations for the various commodity exchanges. He is Dr. Mark J. Powers of the US Commodities Futures Trading Commission. Official sources said today the Government was finalising details of125 words
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Page 1 Advertisements
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Advertisement46 1977-02-12 1 Ask for CUTTY xandget 3 a great Scotch! CUTTY SARK SCOTCH WHISKY INSIDE Market reviews/ TV Local stocks P 6 P 2 Overseas stocks P 7 Overseas news/ Features P 3 Local Co news P 4 International Co Commodities Transport A munications Features P 5 News46 words
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Advertisement44 1977-02-12 1 m *****11 f* Instant accommodation A quick guide to what we've got 5r 1 flv Our General Manager has all the time you need to help solve your apartment problems. Hong Leong Holdings Ltd 23rd f Ir., Hong Leong Building, I() Rattles Qua\ Singapore44 words
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Advertisement210 1977-02-12 1 M Arab-Malaysian Development Bank HIGHLIGHTS FROM THE IST ANNUAL REPORT-1976 AMDB Commenced operations on Ist April, 1976 with resources of Mss million. Total assets at end of 1976 exceeded Ms 64 million. Net profit after tax amounted to M 5340,000. AMDB First bank to link Malaysia and the Arab World210 words
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MARKET REVIEW
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Article489 1977-02-12 2 TRADING at the Stock Exchange of Singapore this week remained generally quiet and the trend ruled rather irregular, reflecting the hesitancy of investors and dabblers. It was typical of a market going through a consolidation phase, said most leading brokers and dealers. Some of the characteristics Included the very489 words
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Article359 1977-02-12 2 IN very dull trading, the Kuala Lumpur Stock Exchange ended the week on a mixed note. With no incentive to trade, the outcome is not surprising. Most operators were holding off as the market fell Into a pre-Chinese New Year mood. Throughout the week, price movements were narrow359 words
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Article288 1977-02-12 2 Reuter RELENTLESS selling pressure pushed the Sydney stock market to its lowest level for the year this week. Leading mining and industrial stocks were sold down, virtually from the opening bell, in another prolonged shakeout. However, despite the mood of universal gloom in the market, observers noticed some pocketsReuter - 288 words
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Article698 1977-02-12 2 IVAN FALLON - LONDON By IVAN FALLON IT WAS time for a breather and this week the London stock market has paused in its upward sprint. In fact, since Thursday mid-day last week, when the Bank of England unexpectedly reduced minimum lending rate by a 1/2 per cent (unexpected698 words
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Article433 1977-02-12 2 HARRISONS and Crosfleld has got through the first part of its scheme to merge and transfer domicile of its "Three Sisters," but there have been some uneasy moments. A major advertising campaign In the newspapers over the weekend culminated In acceptances for the bids from Harrisons433 words
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Article301 1977-02-12 2 THE SHARES of Trust Houses Forte recently hit a three-year peak, bringing them for the first time above the magic figure at which Allied Breweries bought its stake and mounted a takeover bid. This week, chairman Sir Charles Forte has shown clearly why the market has taken301 words
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457 1977-02-12 2 Reuter SYDNEY. Frl. The New South Wales Supreme Court approved an application by the provisional liquidators of the trading group, Gollin Holdings, and its main operating subsidiary, Gollin and Co., to convene a creditors' meeting. The provisional 112uldators. John Rodger and ravinReuter - 457 words
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144 1977-02-12 2 AP WASHINGTON, Fri. The International Monetary Fund yesterday announced that it will begin a new series of monthly gold auctions beginning March 2. Auctions will be held regularly after that date on the first Wednesday of each month. The amount of gold up forAP - 144 words
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285 1977-02-12 2 Reuter LONDON, Fri. Britain will be able to draw on the US$3 billion (557.35 billion) Central Bank safety net arranged to compensate for •ales of sterling by foreign governments whenever its reserves fall below $6,750 million, Chancellor of the Exchequer, DenisReuter - 285 words
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193 1977-02-12 2 Reuter WASHINGTON, Frl. The Carter economic package will not result In the economy operating near Its full potential until the end of the decade, Secretary of Commerce Juanlta Kreps said. Mrs. Kreps told the Joint Economic Committee, the administration must try toReuter - 193 words
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441 1977-02-12 2 Reuter FRANKFURT, Fri. Bundesbank vice president Otmar Emmlnger said there Is no room in the floating foreign exchange rate system for artificial upvaluatlon of the mark through large and continuous Intervention in the exchange markets. In a statement to Reuters, he repeatedReuter - 441 words
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265 1977-02-12 2 Reuter TOKYO, Frl. Bank of Japan executive director Mr. Susumu Nakamura said he does not believe speculation Is a major factor In the strong rise of the yen on the foreign exchange market. He told a press briefing It Is sometimes hard to distinguishReuter - 265 words
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Page 2 Advertisements
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Advertisement491 1977-02-12 2 Whs V V 4 'i< hf* >'i •4 > Vc ft i 3P >. ■<T^urW?. Southeast Asia has as many faces as there are eyes in a peacocks tail— And the Straits Times Annual has painted them all, in peacock-colours. Living up to a long-established record of quality reporting on491 words
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Page 2 Miscellaneous
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Miscellaneous381 1977-02-12 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Feb 11 at Singapore airport: Maximum temperature 29.5° C Associated humidity 69 Minimum temperature 23.4° C Associated humidity 98 Hours of sunshine 0.45 Rainfall in millimetres 2.7 Total rainfall for the month 64.0 Total rainy days for the381 words
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OVERSEAS
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222 1977-02-12 3 Reuter WASHINGTON, Frl. The United States Government will seek an extra US$54O million (551,296 million) for several agencies giving financial assistance to the Third-World, a Carter Administration official announced here yesterday. Assistant Treasury Secre-tary-Designate Fred Bergsten told reporters the administrationReuter - 222 words
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Article104 1977-02-12 3 AP MEXICO CITY, Frl. Inflation, currency devaluation, tight credit, rising raw material prices and depressed tourism will dampen Mexico's economy in 1977. according to a study by one of the country's major private banks. The Banco De Mexico report said the economy will suffer from continuingAP - 104 words
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Article, Illustration508 1977-02-12 3 LONDON, Friday AP PRIME MINISTER James Callaghan's Labour Government today appeared headed for a confrontation with grumbling labour unions demanding the end of a two-year-old pay freeze that is the lynchpln of the administration's counterinflation economic strategy. Mr. Joe Oormley, president ofAP - 508 words
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444 1977-02-12 3 UPI BONN, Frl. West Germany has done more than any other Industrial nation to stimulate world trade during the four years of the current recession, Economics Ministry State Secretary Detlev Rohwedder said yesterday. Writing in the business newspaper, Handelsblatt, Mr. Rohwedder took Issue withUPI - 444 words
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234 1977-02-12 3 TEL AVIV, Fri. AP i Ht. Israeli Cabinet decided yesterday to propose a temporary price and wage freeze to stop what Prime Minister Yitzhak Rabin called "a serious situation" In the economy. The powerful National Histadrut Labour Federation, which backs the proposal. calledAP - 234 words
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313 1977-02-12 3 Reuter WASHINGTON. Fri. Presidential Energy Adviser James Schleslnger said yesterday the United States Imported more than 50 per cent of its oil needs during the recent energy crisis. Over the past month, factories and schools closed In several eastern states, throwing thousandsReuter - 313 words
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Article33 1977-02-12 3 AP JAKARTA, Fri. A Hungarian Chamber of Commerce delegation held a meeting with its Indonesian counterpart here yesterday to discuss the possibility of Increasing trade relations betwen the two countries. AP.AP - 33 words
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Article153 1977-02-12 3 UPI THE HAGUE, Frl. Labour leaders today widened their largest strike offensive since World War Two despite a tentative compromise with Industry owners on the key wage Issue. New strikes erupted at Rotterdam, the world's largest port, a key target In the country-wide strikes that began fourUPI - 153 words
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Article70 1977-02-12 3 AP WASHINGTON, Frl. US steel Imports Increased 18.9 per cent last year and now make up over 14 per cent of the US steel supply, the American Iron and Steel Institute reported. AISI president Frederick Langenberg said 14.3 million tonnes of steel were Imported In 1976,AP - 70 words
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403 1977-02-12 3 AP WASHINGTON, Frt. The United States and Japan reached formal agreement yesterday on arrangements governing Japanese fishing activities in American coastal waters when the US 320 km limit takes effect on March 1. The agreement was formalised at a State Department signingAP - 403 words
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202 1977-02-12 3 AP LONDON, Frt. The number of Soviet, Polish and East German trawlers allowed to fish In British waters will be drastically cut by the use of licenses. Britain's Fisheries Minister John Sllkln said yesterday that a new system which will permit only 17 SovietAP - 202 words
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221 1977-02-12 3 UPI PARIS, Fri. Nineteen developing countries met > esterday to propose a date for the final meeting of the North-South international economic conference now that a new US administration has been installed. An official of the delegation of Venezuela, co-chair-man of the 27-nationUPI - 221 words
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Page 3 Advertisements
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Advertisement287 1977-02-12 3 Which bank cut the world down to size, just for you? We did. Bank of America. Through our new World Banking Division, we've divided up the world ot business into tour, easy-to-manage parts: North America; Latin America; Europe, Middle East and Africa; and the Far East. With offices in key287 words
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COMPANY NEWS
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969 1977-02-12 4 ARTHUR NG - By ARTHUR NG AS the recession bows out and interest rates stabilise, 1976 most probably has been a good year for the local commercial banks. One such bank which has benefited from the better economic sentiment Is Overseas Union Bank. In the first six969 words
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Article171 1977-02-12 4 Current payment Ex Date Date payable Total for the year Total for previous year Sel. Dredging D. Keraroat Ulu Benut N.B. Timber* Strait* Time* Time* Publishing M. Tobacco Idrit Hyd Tanjong Tin S.P. Textile Rahman Hyd. Yeo Hiap Seng(M) Gopeng Con. Pengkaien Yeo Hiap Seng K.L. Kepong 35%6®.67%+171 words
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COMPANY MEETINGS
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26 1977-02-12 4 THE following company meetings are due: Feb 15, 10 a.m.. Registered Office, Penthouse. 10th Floor, Wlsma Central, Jalan Ampang, Kuala Lumpur.26 words
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Article16 1977-02-12 4 Feb 16. 12 noon. No. 14 Jalan 223, Section 20 A. Petallng Jaya.16 words
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Article16 1977-02-12 4 Feb 21, 11 a.m., Bth Floor. U.M.B.C. Buildings, Jalan Suleiman, Kuala Lumpur16 words
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18 1977-02-12 4 Mar 4. 11.30 a.m.. at Hotel Negara, 19 Claymore Drive, Singapore 9.18 words
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Article144 1977-02-12 4 THREE senior officials of Singer of the US have left Singapore after visiting the group's activities here. The three are on a tour of the group's business In the Asean countries and they are Messrs. P. Tippett, executive vice president and president of Singer Sewing Products Group,144 words
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Article87 1977-02-12 4 Plcul 3.006 Austral Amalgamated 2,260 Ayer Hitam Tin 4,562 Berluntal 5.000 Gopeng Consolidated 2,650 Idrls Hydraulic Tin 490 Kamuntlng Tin 885 Kllllnghall Tin 1,288 Klnta Kellas Tin 820 Kramat 786 Kuala Kampar 465 Lower Perak 231 Malayan Tin 4 834 Malaysian Tin 173 Pahang Consolidated87 words
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346 1977-02-12 4 ZURICH, Thurs. Due to a loss of potential Income of some 6 per cent as a result of the Swiss franc appreciation, group turnover of the Hoffmann-La Roche concern will last year have risen by less than the 10 per cent growth rate which had346 words
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Article70 1977-02-12 4 AP TOKYO, Fri. Idemitsu Kosan, a major Japanese oil refining concern, said it will raise prices of all its oil products by 7.5 per cent or 2,400 yen per kilolitre as of March 1. Idemltsu's products are currently priced at an average 32,000 yen per kilolitre. The priceAP - 70 words
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Article38 1977-02-12 4 SINGAPURA BUILDING SOCIETY Group pre-tax profit was $2.59 million for the first half-year ended Dec 31, 1976. Parent pre-tax profit $2.58 million ($2.48 million). Group mortgage assets $75.97 million. Parent mortgage assets $75.97 million ($63.93 million).38 words
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Article157 1977-02-12 4 Reuter LONDON, Fri. The recent decline In the Investment dollar premium reflects a resurgence of interest In the UK stock market, especially government stock and uncertainty about the Impact of the severe North American winter, dealers said. The Investment dollar premium, currently between 96Reuter - 157 words
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189 1977-02-12 4 AP PITTSBURGH, Frl. The Judge trying a two-billion dollar lawsuit over Westlnghouse Electrlc's failure to fulfill uranium contracts yesterday warned the firms Involved to settle the case before he Is forced to rule. "Gentlemen, the consequences of this decision are fearful to contemplate," Judge I.AP - 189 words
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Article167 1977-02-12 4 Reuter SCHAUMBURG. (ILLINOIS), Frl. Motorola, the electronics and home entertainment manufacturer, has reported sharply higher earnings for the fourth quarter of 1976 and for the year. Motorola said its profit for the fourth quarter totalled $26 million, or 91 cents a share, more than double theReuter - 167 words
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Article142 1977-02-12 4 Reuter LONDON. Fri. Gulf Oil said it estimates spending on Its current North Sea licences will total US$l56 million for exploration and more than $500 million for development. The Investment Is likely to be Increased by exploration on future licences and the development of further discoveries.Reuter - 142 words
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Article103 1977-02-12 4 Reuter CHICAGO, Frl. International Harvester said it has begun a natural gas exploration programme In south-eastern Ohio to lessen the Impact of future gas curtailments by utilities serving its plants. The company said preliminary reports are encouraging but added the full benefits of a successful programme would notReuter - 103 words
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Article1410 1977-02-12 4 On February 10 PRICES on the Chicago Board Options Exchange were mixed on Thursday. Advances narrowly topped declines, 237 to 206. CBOE volume approximated 78,719 contracts, down from 91,247 contracts on Wednesday. OPTION APL JLY OCT STOCK Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel1,410 words
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Article179 1977-02-12 4 Reuter NEW YORK, Frl. The American Stock Exchange is considering changing the options market opening to 0900 EST from the current 1000 EST. The Amex said the 0900 EST opening is under review in conjunction with Its plans to begin trading options in debt securitiesReuter - 179 words
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Article124 1977-02-12 4 Reuter DAYTON, (OHIO), Fri. General Motors' Frlgldaire division said it was trying to locate and correct a fault with some of Its refrigerators made between 1967 and 1971. It said there Is a possibility that some of the refrigerators could develop an electrical malfunction IfReuter - 124 words
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666 1977-02-12 4 AP LOS ANGELES, Frl. Lockheed Aircraft says It has no plans to end production of the LlOll even though the controversial Tristar programme took some US$5O million away from the company's earnings last year. The huge aerospace firm has little choice. UnderAP - 666 words
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260 1977-02-12 4 AP WASHINGTON, Frl. A large dairy cooperative in Eastern United States has told the US government that unless an emergency fuel allocation Is made to a major processing plant In Pennsylvania, farmers next week will have to start dumping 440.076 litresAP - 260 words
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Page 4 Advertisements
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Advertisement301 1977-02-12 4 To day, "Science fantasy'' reaches your wrist: Pulsar watch/calculator, the ONLY ONE of its kind. This fantastic Pulsar heralds a whole new generation of Time Computer it puts a highly sophisticated calculator on your wrist as well. The Time Computer goes on working accurately without being affected in any way301 words
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INTERNATIONAL COMPANY NEWS
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Article347 1977-02-12 5 Reuter NEW YORK, Frl. Pan American World Airways expects continued Improvement In earnings from operations In 1977, the assistant treasurer, Mr. David K. Redpath, told Reuters after a press briefing. Pan Am narrowed Its loss from operations to US$B.3 million In 1976 from a loss ofReuter - 347 words
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Article198 1977-02-12 5 Colgate Palmolive income rises Reuter NEW YORK, Frl. On a six per cent rise In sales to US$3.5l billion ($3.31 billion), Colgate-Palmolive has raised net profit 12.8 per cent to $149.25 million ($132.28 million in 1976. The lull year results include an 11.9 per cent increase in net profit toReuter - 198 words
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Article154 1977-02-12 5 MUNICH, Fri. Group turnover at Bayerische Motoren Werke (BMW) rose to 4.7 billion marks from 3.6 billion marks last year. Parent company turnover was 4.29 billion (3.25 billion) marks, comprising 2.26 billion (1.93 billion") marks at home and 2.03 billion (1.33 billion) marks abroad. Turnover of the154 words
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Briefly
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Article77 1977-02-12 5 NEW YORK. Frl. Bic Pen and Phillip Morris Inc agreed at a preliminary hearing here not to merge for the next 20 days. Bic Pen, which is 57 per cent owned by Soclete Bic of France, wants to acquire Phillip Morris' American safety razor division. But the Federal77 words
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Article63 1977-02-12 5 DETROIT, Frl. In response to questions from the financial community, General Motors said It released the following additional financial data for Its 1976 calender year. Depreciation of real estate. plans and equipment was U*****.3 million, amortisation of special tools was $1.30 billion and US foreign and other income taxes63 words
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Article85 1977-02-12 5 CHICAGO, Frl. MortonNorwich Products Inc said It has reached an agreement with Reckltt and Colman to form a Joint venture Introducing and marketing selected Reckltt ohar- maceutlcal products In the US. The agreement is subjected to formal approval by the Reckltt and Colman board at its next meeting, Morton-Norwich85 words
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Article29 1977-02-12 5 DEARBORN, Mich., Frl. Rockwell International has raised the quarterly dividend to 55 US cents from 50 cents, payable on March 14, to shareholders on record on Feb 22.29 words
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Article68 1977-02-12 5 DEARBORN, Frl. Ford Motor said it selected Texas Instruments Inc and Intel Corp to supply its electrical and electronics division with large-scale integrated circuits for electronic engine control modules. The company said It considers the circuits as essentials for its future engines. For Motor said the two firms68 words
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Article166 1977-02-12 5 NEW YORK, Frl. Last year Borg-Warner has chalked up an 83.6 per cent Jump in net profit to US$Bl.7 million ($44.5 million) on a sales increase of only 13.4 Der cent to $1.86 million ($1.64 million). Net profit In the fourth quarter rose 31.5 per cent to $21.7166 words
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Article218 1977-02-12 5 NEW YORK, Frl. Though Bulova Watch has achieved a turnround in the third quarter ended Dec 31, 1976, it is not out of the woods yet. For, the company expects further losses In the last quarter, with the forecast that should this happen It may have218 words
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Article120 1977-02-12 5 LONDON, Frl. British Airways has enjoyed a near five-fold Jump In pre-tax profit to £106 million (£23 million) In the first nine months ended Dec 31, 1976. The profit lump was achieved on a 38 per cent rise In revenue to £926 million (£671 million).120 words
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Article226 1977-02-12 5 NEW YORK, Frl. Reporting six per cent rise in 1976 profit. Eastman Kodak is confident of achieving further growth in the current year. Kodak said it expects to participate In an Improvement In the economy m 1977, with the goal of higher earnings. Sales by its US226 words
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Article60 1977-02-12 5 Reuter TOKYO, Frl. Kyoto Ceramic said it decided to make a 25 per cent free distribution of its shares to its shareholders as of March 31, 1977, in Japan and March 30 in the United States. The distribution will increase the capital of the company to 2.28 billionReuter - 60 words
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127 1977-02-12 5 SYDNEY, Frl. Net profit at Alcan Australia more than doubled to A 55.17 million from $2.42 million in the year ended Dec 31, 1976. The company is owned 70 per cent by Alcan Aluminium and the remainder by Australian institutions. The chairman, Mr. John Clarkson,127 words
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210 1977-02-12 5 PANOUNA, Frl. Bougainville Copper has suffered a 10.5 per cent fall In unaudited net profit to 41.37 million klna (46.2 million klna) despite a revenue rise of 7.8 per cent to 208.45 million klna (193.38 million klna). Profit Is after tax of 20.3 million klna (15.67210 words
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143 1977-02-12 5 Reuter MILAN. Frl. Industrie Pirelli, the main Industrial subsidiary of Pirelli, plans to reorganise Its tyre producing activities throughout Europe on a unified basis from the start of next year, Industry sources said. The move will be the first step of a restructuring policyReuter - 143 words
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Page 5 Advertisements
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Advertisement44 1977-02-12 5 Mil k *0 i tgzpm I**9* ***< 11 ym%i H mm arr tUM <& MAX ii i= x i S*s* 7N* V K t*l 30 <£ eineken s r* W,i fjfc 33 rtK y Heineken 3r .r V ca oin a n z v x«#i lead men44 words
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Article2050 1977-02-12 6 it7 vn High Low Company Lut Salo +orOr'* Div Dhr Cvr ft! Not P/E Vol COW Day High 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 Allied2,050 words
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Article1030 1977-02-12 6 BID and offer price* 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 Sited after the word "Bett." Board deals1,030 words
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Article1149 1977-02-12 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. (NDUITRIAU Ami (1 438 1.458). A. Tap* (0.438 0.448) (1) 043 Ajmamata1,149 words
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Article154 1977-02-12 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yester, with the number of options traded shown in rackets. D.8.8. (June 83.90) (0.308 0.328) (1) 0.29, (1) 0.29*, (11) 0.30, (6) 0.30*, (5) 0.31.154 words
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Article136 1977-02-12 6 SINGAPORE UNIT TRUST (Mutagen' prim for Fab 14) INCOME BOND UNIT lunwpnii INCOME BOND 1 10 1.18 The Saving Fund 0.95 l 00 S'pore Prof. Fund o 80 0 SS MARA BUMIPUTRA FUND S pore Security Fund 1.35 1.43 8'pore Invest Fund l.Ofl 1.12 (Manager* price* for Feb136 words
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Article145 1977-02-12 6 B O T 8 1/2% 1981 (100,000) (102%.8 103*8) D B S 8 1/7% 1982 (100,000) (99*8 100HS) DBS Converts 6 1/2% 1991 (100,000) (96H8 97*8) E I B 9% 1982 (100,000) (103*B 1048) E I B 8 1/4% 1983 (100,000) (99*8 100*8) I B J 8 1/2%145 words
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Article112 1977-02-12 6 5 1/2% 15/4/78 (1,000,000) (101.658 101.788) 5 1/4% 15/7/78 (1,000,000) (101.488 101.595) 6 1/2% 15/8/78 (1,000,000) (103.358 103.5051 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) (101.008 101.18S) 6 3/4% 15/6/80 (1,000,000) (103.00B) C 3/4% 1/12/80 (1,000,000) (102.05B) 5%112 words
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Page 6 Advertisements
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Advertisement210 1977-02-12 6 yC 508* tglfp 1 >'* 'V W&&M X P^'4-i >$*< Alex Josey has long been an observer, recorder and commentator of the Singapore scene. In this new book, he examines and explains the success of Singapore's tripartite alliance of Government, workers and employers. A substantial part of the book is210 words
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Article650 1977-02-12 7 FOR the first time in many months a rubber stock featured in active trading at the Stock Exchange of Singapore yesterday. After having made an unobtrusive runup on Thursday, London-based Consolidated Plantations got off to a bullish start as rumour* reached the market that sene big650 words
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Article288 1977-02-12 7 SOME fresh buying interest took share prices marginally higher on the Kuala Lumpur stock market yesterday. The support, nowever, lacked strength and trading was again concentrated on a score of volatile Issues in which some extended covering activity was noted. Blue chips also gave some288 words
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Article108 1977-02-12 7 Reuter PARIS, Frl. The Paris Stockbrokers Association said In a statement It decided to adopt a classic cash market for the Paris bource. It said various modifications have been made to the original proposals. The modifications give market participants with open positions the choice between immediate settle-Reuter - 108 words
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Article68 1977-02-12 7 Reuter SYDNEY, Frl. Timor Oil said It decided to withdraw from future oil exploration In East Timor, the former Portuguese Timor. Timor has formally surrendered Its leases and cancelled its exploration contract In Lisbon, It said. Timor has said It ceased exploration In East Timor In August 1975Reuter - 68 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1021 1977-02-12 7 NEW YORK: A technically oversold condition and warming temperatures In much of the eastern United States helped the stock market post Its first gain of the week on Thursday. The market gave back part or the advance In late trading, but most popular averages still pointed higher. Analysts1,021 words
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Article341 1977-02-12 7 PARIS: The market closed mixed with a higher bias, dealers said on Thursday. Banks were mostly higher, while chemicals, engineerings and rubbers Puk, which announced higher net 1978 consolidated turnover, and Nobel Bozel, announcing lower 1976 revenues, eased slightly. Metals were generally firmer. Marine Wendel was slightly weaker after341 words
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Article279 1977-02-12 7 AMSTERDAM: The market generally weakened on Thursday as a lower Wall Street and continued labour unrest dampened sentiment, dealers said. In Dutch Internationals Unilever. Royal Dutch and Hoogovena lost ground. Philips finished unchanged, while Gteaten led losses elsewhere. Pakhoed, Boakails and Heineken were major gains. Shippings firmed expect Hal.279 words
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Article150 1977-02-12 7 MILAN: Stocks eased in thin trading, influenced by technical factors, bourse sources said on Thursday. Flat fell over two per cent and other leading Industrial and financial stocks also eased. Lower stocks Included Pirelli Spa, both Olivetti* and Moat*di*«a, General* Iramobiliare firmed slightly against the trend. Bonds eased in150 words
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Article281 1977-02-12 7 ZURICH: The market tended slightly lower on Thursday, influenced by the overnight weakness of Wall Street! dealers said. Except for some special movements, activity was restricted. Bally firmed on speculative buying in active dealings, with its registered shares higher. Elektro-Watt and Schiadler bearer also met some demand as did281 words
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Article307 1977-02-12 7 FRANKFURT: Shares closed mainly weaker on Thursday, due to an easier Wall Street, the lack of Share-buying Interest and the shift In attention to bond trading, market sources said. Electrlcals were among lossleaders, with Siemens falling 2.80 marks. Banks, steels, engineerings and major chemicals were also lower. GHH, which307 words
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Article379 1977-02-12 7 JOHANNESBURG: Gold shares were steady at higher levels in quieter trade toward the close as dealers awaited further bullion indications from London, market sources said on Thursminings were firmer in quiet trade after a more cautious opening. De Beers gained eight cents to 390. Platinums were higher, coppers were379 words
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Article429 1977-02-12 7 HONOKONO: The market was slightly higher in moderate trading, but with a strong undertone, dealers said on Friday. Second line Issues made the pace, with blue chips largely ncclcctcd The Hang Seng index rose 1.28 points to 440.82. Among market leaders. HK Bank gained 10 cents to $20.60 and429 words
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Article282 1977-02-12 7 TORONTO: Share prices gained some upward momentum over the last hour to close slightly higher in light trading on Thursday. Texaco Canada advanced 7/8 to 27-1/4, Banister Continental 3/4 to 13-1/4, Husky Oil 1/2 to 231/2 on 61,400 shares, while Molson B fell 1 at 13. Otninco, which reported282 words
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Article461 1977-02-12 7 SYDNEY: The market fell to a new low for the year under strong selling pressure, dealers said on Friday. The Sydney All-Ordinaries Index fell 5.52 points to the year s low of 423.05. Bougainville dropped 12 cents to $1.12 following Its lower results while market leader BHP fell another461 words
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Article155 1977-02-12 7 BRUSSELS: Most local shares again fell on Thursday, but trading was quiet and price movements generally small, dealers said. There were no note-worthy rises In Belgian stocks, but fails included Traction, Vieille Montague, Clabecq, Wagoas-Lits, Mosane and Arhed. All foreign stocks, except gold mines, also fell. Petroflna opened easier155 words
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Article75 1977-02-12 7 FEB II Bahts Ada Fibre 1» unch Bangkok Bank 246 unch Bangkok Invest. 144 unch Bangkok-Metro-politan Bank Bata BerlWucker ias unch Charoong Thai Wire 182 Dumex Duut Thanl Faber Merlin First Truat Indo-Thal i And J Ho 191 unch Jalaprathan Cement &3S unch Karnasuta Lee Kwang Mln Metal Box75 words
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Article165 1977-02-12 7 MANILA: The market was dull, with lower, metal prices depressing sentiment, dealers said on Friday. Gainers included Lepoau B, Phil Overseas, San Miguel A, Oriental A and Seafront, but Atlas Con A and B, Marinduque B, and Phi lei A lost ground. Unchanged Issues Included Acoje Mining, Baguio Gold,165 words
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Article63 1977-02-12 7 FINANCIAL TIMES INDUSTRIALS Thursday .389.7 Wednesday .387.9 Week Ago 406.0 DOW JONES AVERAGE INDUSTRIALS Thursday 937.92 Wednesday 933.84 Week Ago 947.14 LONDON DOLLAR PREMIUM Thursday 99* to 99 Wednesday 98 to 99% H.K. HANG SENG Thursday 439.54 Wednesday 442.32 Week Ago 433 39 SYDNEY INDUSTRIALS Thursday 352 49 Wednesday63 words
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Article342 1977-02-12 7 NYT NEW YORK, Frl. Random House, one of the major publishers In New York and a subsidiary of RCA, the broadcasting and electronics conglomerate, Is expected to be sold to the Times Mirror of Los Angeles, the newspaper conglomerate with strong Interests In book publishing.NYT - 342 words
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Article47 1977-02-12 7 Reuter LONDON, Frl. British Petroleum said It reached agreement with Enjay Holdings and the Energy Department for It to earn a 65 per cent Interest in Block 211/2 at the north eastern tip of the UK licensing area, 160 km off the Shetland Islands. Reuter.Reuter - 47 words
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Page 7 Advertisements
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Advertisement176 1977-02-12 7 Confront Singapore's decision makers in Business Times Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who For only $3.50 per single column centimetre176 words
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COMMODITY REPORTS AND PRICES
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Article650 1977-02-12 8 PRICES In the Singapore rubber market yesterday opened marginally lower following the easier trend In London, but later recovered slightly on weekend covering. However, towards the morning close, prices slipped fractionally In dull trading. Turnover was small. The morning session closed very quiet, with650 words
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Article30 1977-02-12 8 Rubber: Feb 11 Singapore: Mar 205.25 cts (down 50 ct.) Malaysia: Mar 209.00 cts (down 50 ct) Tin: 51.530,00 (down $7.00) Official offering: 225 tonne* (up 5 tonnes)30 words
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Article342 1977-02-12 8 IN the Singapore gold market yesterday, the kilobar changed hands In the range of 5510,760 to Sslo,Boo. The loco London gold opened at US $134.90/ 135.30 and on good buying support moved up to U*****.40/ 135.80 before easing towards the close at U*****.20/ 135.60. The London morning fix was342 words
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Article104 1977-02-12 8 DAILY SSR and SMR prices at noon yesterday: R.A.S. Mar. (Curreat Mth) Buyers Sellers (cents per kg) Apr. (Forward MU) Buyers Sellers (eeats per kg) SSR 20 S8R50 (1-ton Pallet) (1-ton Pallet) 190.50 188.00 192.SON 190 00N 192.00 189.SO 194.00N 191.50N M.R.E.L.B. SMR5CV SMRSL SMR 5 SMR104 words
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Article198 1977-02-12 8 THE Straits tin price In Penang yesterday was down $7.00 to $1,530.00 on an official offering of 225 tonnes (up 5 tonnes). In LONDON yesterday, tin closed £5 lower for Cash and unchanged for Three Months in both contracts. Lower values at the outset of the pre-market reflected198 words
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Article75 1977-02-12 8 LONDON, Frl. Lead gained mostly £1 per tonne. Prices sagged on the premarket in sympathy with copper and Three Months traded down to £367 per tonne under profit-taking and some protective selling, dealers said. The lower levels soon at- tracted covering and fresh buying support which took Three Months75 words
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Article215 1977-02-12 8 LONDON, Frl. Copper wire bars registered losses of £4 per tonne for Cash and £5 for Three Months. Values fell away on the pre-market under stoploss selling at the chart point of £850 per tonne for Three Months following the overnight New York trend, dealers said. Expectations of a215 words
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Article55 1977-02-12 8 LONDON, Frl. Zinc gained £2.50 for Cash and fully £1.50 for Three Months. Some end-week covering gave the market a steadier tone but there was still a lack of fresh direction, dealers said. Three Months traded up to £419.50 in slow dealings of 825 tonnes. A moderate fall Is55 words
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Article164 1977-02-12 8 LONDON, Fri. Silver lost 1.1 to 2.5 pence per troy ounce. Values were marked down at the outset of the premarket on the overnight decline at New York. But prices quickly steadied partially aided by easier sterling and the market ruled steady in the Ring although trading interest was164 words
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Article115 1977-02-12 8 THE following Palm Oil prices were quoted In London on Thursday The prices are elf Rotterdam and are quoted in US dollar per ton unlea* otherwise stated. Thursday nw. Malaysia 5% f fa bulk Apl/May 500 sir 497 sir Sumatra 5H 512.50 sir tell unch Mar 510 sir115 words
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Article279 1977-02-12 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICCL YESTERDAY Cocmt Oil: Bulk 885 sellers, old druir. 190 sellers, new drum 195 sellers. Cat**: Mixed (looae) UK/Com SSS buyers. Prpper: Muntok AST A white f.o.b. 100* NLW *350 sellers. Sarawak white f.o.b. MH NLW 8330 sellers, Sarawak special279 words
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Article146 1977-02-12 8 CHICAGO, Thurs. Soybean futures closed one to five cents a bushel higher on a relatively light trade. Moderate Increases In farmer selling In parts of the mid-west overnight contributed to an early easy tone before commercial buying and strength In oil futures generated speculative support to take prices higher.146 words
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Article434 1977-02-12 8 ANOTHER thin trading period has been experienced as levels fluctuated uncertainly within a fourcent range to finish nearly three cents up on the previous week, although turnover was at a low point, said Holiday, Cutler, Bath Co. in its weekly rubber market review Following London's434 words
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MONEY AND EXCHANGES
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Article527 1977-02-12 8 THE recent successive declines In interest rates at the ACU/USS counter came to a halt yesterday with rates holding steady from the opening levels In the morning. The steadiness In US$ Interest rates spilled-over to the foreign exchange market with the US dollar being traded at the 552.4585/95 level527 words
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Article156 1977-02-12 8 Asian rates ASIAN currency deposit interbank rate* as at close on Feb 11 US Dollars (Spot) Offer Bid 7 days 4 una 4 9/16 1 mth 4 13/1# 4 u/ie 2 mths 5 1/16 4 15/18 3mths 5 1/1 s 0 mths 5 VI 5 1/3 9 mths 5 1/1156 words
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Article50 1977-02-12 8 RANGE on prices offered by discount houses on Feb 11 Overnight 1 to 3* Call deposit 3* llMhf Buy Selling 3-Month Treasury bills 3 2 7/8 3-Month Bank bills 4 1/16 3 15/16 3-MonthsCD 4 7/l« 4 5/16 •-Months CD 4 5/8 4 7/18 Source: National Discount Co50 words
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Article138 1977-02-12 8 Euro rates LONDON, Frl. Eurodollar deposits opened basically steady with some periods tending 1/16 harder In early quiet trading, dealers said. A Friday end of period made for an Initial 1/8 gain In Two Months with some positions tending slightly harder. Dealers said that at recent levels there was little138 words
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Article277 1977-02-12 8 LONDON, Frl. Sterling eased to $1.7143/46 In quiet opening trading from the overnight $1.7157/60 on light selling triggered off by nervousness over the Impending UK wage negotiations, dealers said. They reported Bank of England support for the pound at these levels, but said the market was thin and the277 words
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Article232 1977-02-12 8 NEW YORK, Thurs. The yen continued to advance after the European close to near highs touched overnight in Tokyo, dealers said. The market was thin, however, and partly influenced by short-covering ahead of tomorrow's national holiday in Tokyo. The yen closed at 0.3507/08 cents from 0.3497/99 overnight. The232 words
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Article119 1977-02-12 8 HONGKONG, Fri. The US dollar firmed sharply to a late HKM.6660/80 In moderate trading from the opening $4.6500/20 and Thursday's late $4.6435/45, dealers said. The US unit was boosted by a fall In local money market rates and some commercial demand, with operators feeling local money may not be119 words
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Article57 1977-02-12 8 RESULTS of Treasury Bills tender held on Feb 11 for: a) 91-day Treasury Bills to be issued from Feb 14 to Feb 16 Offered: $20 million. Applied for: $71,580,000 Allotted: $20 million. Accepted bids: $99.26 approximately 19 per cent; higher bids In full. Average rate of discount57 words
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Article58 1977-02-12 8 Minimum lending rates (in ACBC 6%i Algemene Bank 6% Bangkok Bank ..7* Bank of America 6*. Bank or China ..7 Bank of Tokyo 6*» Bank Negara Indonesia 7 First Chicago fl* Citibank 6* HSBC 7 Indosuez Malayan Banking Mitsui Bank 6* OCBC 6* OUB M Chartered Bank 6*« Chase Manhattan58 words
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Article51 1977-02-12 8 AUSTRALIA/NZ exchanges quoted on Feb 11 Australia: Sterling 0.6395/ 0.6324 US dollar 1.0929 1.0881 Ninety-day air mall buying rates: Sterling 0.6663 US dollars 1.1184 Ninety-day forward buying rates: Sterling 0.6492 US dollars 1.0938 New Zealand: Sterling 0.5562 0.5531 US dollar 0.9591 0.9491 Ninety-day forward rate: Sterling 0.5895 US dollar51 words
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Article45 1977-02-12 8 ZURICH exchanges closing quotes on Feb 10 US 2.5168-5178 UK 4.3180-3210 Can 2.4615-4630 W Germ 104.50-59 Neth 99.88-98 France 50.58-62 Belg 6.80 V« 81-% Denm 42.32 36 Norw 47.56-59 Swed 59.07-12 Italy 0.2852-2854 Austria 14.69-72 Port 7.75-77 Spain 3.64 65 Arg 0.80-0.95 Japan 0.88-88-%45 words
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Article45 1977-02-12 8 FRANKFURT exchanges opening quotes on Feb 11 US 2.4078/ 93 (2.4065/ 75) Can 2.3535/ 55 UK 4.120/ 135 Neth 95.57/ 72 Swltz 95.63/ 78 Italy 2.725/ 740 France 48.40/ 55 Norw 45.52/ 60 Belg com 6.512/ 527 Belg fin 6.51/ 52 Japan 0.8440/ 5545 words
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Article273 1977-02-12 8 LONDON, Frl. Dollar bonds were steady to point higher In places in quiet trading, dealers said. Floating rate loan notes firmed slightly following the William's and OLYN floating rate Issue which tended to perk up the market a little, dealers said. Convertibles were steadily quiet following the closure273 words
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Article209 1977-02-12 8 LONDON, Frl. The.terminal closed the morning slightly easier 14 to £32 up from the previous day's close. Volume was 887 lots. All positions were trading at the morning's lows with Mch closing at £3,000 after a high of £3,072. May ended the session at £3,001 compared to a high209 words
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Article83 1977-02-12 8 CHICAGO, Thurs. Wheat futures closed mostly higher, adding 1/4 to one cent a bushel for most contracts. Continued concern over inadequate moisture supplies/ in winter wheat areas and firmness in soybean futures encouraged speculative support. Easiness In cash bids at the Gulf help- Ed temper buyer interest In the83 words
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Article237 1977-02-12 8 LONDON, Frl. Terminal opened steady on light trade buying and prices finished the call £0.65 to £0.20 per tonne above Thursday's closing levels. Sales were 221 lots. The market advanced steadily on persistent tradebuylng interest which touched off some shortcovering. The rise met general scale-up selling which boosted turnover237 words
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Article103 1977-02-12 8 BANGKOK, Frl. 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 287 i«> per cent 3rd 262 S per cent 254 10 per cent 233 IS per cent 230 20 per cent103 words
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Page 8 Advertisements
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Advertisement467 1977-02-12 8 THESE ARE THE BOOKS THAT HITLER BURNED I «.6 EEC h r wPi-Fr-r Jfllalttu'~l E c-r L- u tfiis -I -i'..i -i m i «1 Mi t UiU i 3 *J4 .**3 igj THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the467 words
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TRANSPORT AND COMMUNICATIONS
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Article908 1977-02-12 9 PAULINE CLARK - By PAULINE CLARK Financial Times A DECISION by China's Ocean Shipping Company this month to cut down use of other shipping lines for the trans-shipment of cargo to Mediterranean ports and to make greater use instead of its own vessels could not have comeFinancial Times - 908 words
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Article530 1977-02-12 9 TOKYO, Fri JAPAN'S Citizen Band (CB) transceiver industry has been jolted recently by a wave of bankruptcies and the promise of more to come. Ebina Electric, one of the last Into CB boom was the first out last October, and It was followed by530 words
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Article, Illustration350 1977-02-12 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bergen Maru (0700 after Ocean Happiness) (Must sail 0600/ 14th) 47 Bunga Melatl (D/L UTM/L) (0600 after Straat Fresco) (Must head West for UTM/L) 33/34 Bunga Seta war (1100 after Nlkolay Semashko) (Subject free board) 18 Dong Mln (2300 after Straat Fresco) 35/36350 words
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Article, Illustration634 1977-02-12 9 WEST BERLIN. Fri Reuter A PROJECT of a new motorway from Berlin to West Germany was provoked a multl-milllon-mark wrangle over one of the divided city's most precious bits of real estate. The West Berllners want to link the city withReuter - 634 words
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105 1977-02-12 9 Reuter HONG KONG, Fri. A major tourism conference ended here today with a call for measures to promote the industry in the Pacific region. Including increased publicity, removal of government restrictions on travel and cheaper airline fares. The call by the annual conference of theReuter - 105 words
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Article152 1977-02-12 9 AP LONDON, Frl. Chartering remained In low key. with little support In evidence from any section of the market yesterday. Oraln operations consisted of Just a handful of North American cargoes, Including a 65,000-tonnes Feb 19-28 US Oulf-Holland shipment by the Konkar Intrepid at UBss (FIO). ThatAP - 152 words
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Article573 1977-02-12 9 ARRIVALS Service Local I Operator Number Time From CPA CX003 0145 HKO CAL CI 333 0040 TPE/HKO/KUL MAS MH682 0810 KCH JAL JL712 1000 HLP CAL CI814 1000 HLP SIA SQ21I 1010 HLP OIA GA980 1030 HLP CPA CX710 1030 HLP THAI T0423 1035 BKK OIA OA908573 words
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Article74 1977-02-12 9 Reuter JAKARTA, Frl. The Indonesian airlines Garuda will open an air link to the United States in November an airline spokesman said today. A DC-10 expected to arrive here In October, would be used for the American flight which was likely to pass through the Pacific,Reuter - 74 words
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Article127 1977-02-12 9 Reuter SEOUL, Frl. Hyundai Motor company of South Korea said It will start producing dlesel engines with technical co-opera-tion from the UK's Perkins Engines group at the end of this month. Hydundai's dlesel 24.000 units a year engine plant was completed last October under aReuter - 127 words
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Page 9 Advertisements
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Advertisement196 1977-02-12 9 1 s\ v>, 1 r MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASIA RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeost196 words
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Article, Illustration1646 1977-02-12 10 KUALA LUMPUR, Friday Singapore banned all cigarette advertising as early as May 1970. In Malaysia, the first step to control the cigarette industry is about to be made. But to most thinking people the measure a health warning on all cigarette packs is felt to1,646 words
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Article, Illustration1801 1977-02-12 10 CLIVE JENKINS - By CLIVE JENKINS Financial Times IT IS OBVIOUS that the powers which used to go with ownership of great companies have already been ceded to a very small ruling managerial controlling group. In a number of cases the authority has been usurped but, In most,Financial Times - 1,801 words
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Page 10 Advertisements
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Advertisement640 1977-02-12 10 APPOINTMENTS INSURANCE APPOINTMENTS Our client a large and established insurance company requires the following senior personnel for its Penang branch and Singapore Head Office respectively. I BRANCH MANAGER MCS 565-02 The Branch Manager a Malaysian citizen will be responsible to the General Manager for the administration and profitable growth of640 words
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Page 11 Advertisements
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Advertisement460 1977-02-12 11 How advertisers can mount a campaign aimed at businessmen Tactical information from Business Times V 11^: v f ■r 0t• < X/ 3. Shotgun approach beware. Be careful about spreading your message across too many publications. This approach is called the shotgun approach. A secret: Research into readership indicates that460 words
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427 1977-02-12 12 THE Health Ministry will continue to keep expenditure to a minimum through Increased emphasis on preventive medicine and selective Institutional care for the acutely 111. Health care will still be only partially subsidised to avoid abuse. Dr. Toh Chin Chye, Health427 words
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Article318 1977-02-12 12 THE Environment Minister yesterday warned that air pollution is on the Increase and noxious emissions must be controlled without affecting the viability of some industries. Air pollution, if unchecked, may be irreversible, or remedial measures will be too costly in the future. Mr. E.W. Barker, In318 words
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Article51 1977-02-12 12 UPI KHARTOUM. Fri. A three-nation Arab summit conference will be held here late this month, an announcement from the President's office said yesterday. It said the conference will bring together Presidents Anwar Sadat of Egypt, Hafez Assad of Syria and JaafarNumelry of Sudan. It gave no date.UPI - 51 words
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Article816 1977-02-12 12 LONDON, Frl. The stock market closed sharply lower on the last day of the account as selling pressure developed due to the lower rate of sterling and concern over further pay restraint negotiations, dealers said. Government stocks lost up to one point among longer loans while shorts fell816 words
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289 1977-02-12 12 THE Social Welfare Department will give greater priority to the developmental and preventive aspects of welfare work as well as to the welfare of the young, the aged and the strengthening of the family unit. Sports facilities will be provided for all under289 words
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Article, Illustration323 1977-02-12 12 KEEN ON VISITING ASEAN UPI TOKYO, Frl. The Foreign Ministry has started making preparatlous for Prime Minister Takeo Fukuda's expected visit to member countries of the Association of South-east Asian Nations (Asean) this summer, the financial dally, Nlhon Kelzal, said today. Mr Fukuda, who becameUPI - 323 words
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562 1977-02-12 12 Reuter HONGKONG, Fri. Informed financial sources estimated that sterling-deno-minated assets now represent a little less than 20 per cent of the Hongkong Government's total external assets, compared with over 20 per cent around four months ago. However, the sterling share would have been upReuter - 562 words
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Article134 1977-02-12 12 MR Wong Chun Wing, managing director of Industrial Electronics and Engineering, has declined the offer to participate in a new electronics company In Singapore called International Display Systems. Business Times last Wednesday stated that Mr Wong was a director of IDS, which Is134 words
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Article124 1977-02-12 12 TWO contracts worth a total of $33 million have been won by the Promet Shipyard Group. The first contract, worth $27 million, Is for dredging working Sharjah, in the United Arab Emirates (UAE). The second contract, worth $6 million, Is for the building of four barges124 words
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Article141 1977-02-12 12 AP MANILA, Frl. The Asian Development Bank (ADB) has approved a US$25.l million (5561.5 million) loan for Burma's forestry project. The ADB announcement said the loan is concessional, drawing from the ADB's special funds resources and carries only a service charge of one per cent yearly andAP - 141 words
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Article119 1977-02-12 12 TOKYO, Fri. China built 35,000 kilometres of new motor roads, of which nearly naif were tarmac or residue-oil surfaced, in the rural areas last year, Peking's official Hslnhua News Agency reported yesterday. The roads, Hslnhua said, were built by various localities to link up counties119 words
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Article75 1977-02-12 12 A $176,320.04 suit was filed In the High Court yesterday by Capital Magnetic Products International, formerly known as Audio Devices International, against Angkor Corporation. Other suits filed Include two by the Development Bank of Singapore, for possession of premises in Plaza Slngapura, against B.L. Associates and75 words
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207 1977-02-12 12 UPI CAIRO, Fri. Egyptian voters approved by a 99.42 per cent majority a national security law mainly designed to suppress communist activity, the Government announced today. Officials hailed the result of a nationwide referendum held yesterday as a new vote of confidence inUPI - 207 words
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Article68 1977-02-12 12 LONDON, Frl. A special study group of the ruling UK Labour Party recommended the abolition of the House of Lords, Britain's non-elected Upper Chamber. Left-wing former Minister Eric Heffer, the group's chapman, said It could mean the Upper House going within five years. Mr. Heffer68 words
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309 1977-02-12 12 Reuter PORT MORESBY. Frl. Australian Prime Minister Malcolm Fraser has invited the leaders of four Pacific nations. Including Singapore. to Australia to discuss the forthcoming Commonwealth heads of Government meeting in London. Mr. Fraser announced the move during a speech at a dinner heReuter - 309 words
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Article92 1977-02-12 12 AP JAKARTA, Frl. Indian and Indonesian business men here have established an association called Economic Association of Indonesia and India (ECAII). The association alms to strengthen co-operation between the two countries especially In economic fields. Members of the association have Invested capital of US$B3 minion (SS2O3 million)AP - 92 words
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Article337 1977-02-12 12 AP COLOMBO. Frl. The Sri Lanka Parliament was adjourned without warning late yesterday, sparking off a wave of speculations that Prime Minister Slrlmavo Bandaranalke's government was in deep trouble. An official spokesman said that the date set for the reconvening of Parliament was May 19 JustAP - 337 words
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212 1977-02-12 12 AP BANGKOK, Fri. The Thai Government, after deciding to extend its territorial waters to 320 km, said today It planned to consult five neighbouring countries on problems related to the fishing Industry, a Foreign Ministry spokesman said. Thailand's fishing Industry brings in more thanAP - 212 words
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Article173 1977-02-12 12 Reuter BANGKOK. Fri. A major natural gas deposit, with estimated total reserves of about 28 billion cubic metres, has been found by Texas Pacific in the Gulf of Thailand. Industry Minister Phoerm Limplsawat said. Texas Pacific struck gas in the Gulf about 180 kmReuter - 173 words
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Article35 1977-02-12 12 AF SEOUL, Frl. South Korea has liberalised Imports of edible tallow and lard, while continuing to keep industrial tallow and lard on the restrictive Import list, the Commerce and Industry Ministry said today.APAF - 35 words
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391 1977-02-12 12 KUALA LUMPUR, Frl. Malaysian Insurance Association members yesterday rejected a proposal to limit the commission to agents and brokers to a maximum of 15 per cent. The new rate was fixed by the MIA and is included in the new agency rules391 words
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Article202 1977-02-12 12 KUALA LUMPUR, Frl. Bank Pembangunan Malaysia today launched three new projects to assist Bumiputra Industrialists. The three projects, offset printing, bread and biscuit making, and polythene plastic bags production were prepared by the bank to encourage and accelerate Bumlputra participation in the industrial sector.202 words
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Article99 1977-02-12 12 THREE companies were ordered to be wound up in the High Court yesterday. Singapore Ready-Mix, Khmer Marine and Kuantas. Mr. Justice D'Cotta granted the order against Singapore Ready-Mix which owes $875,000 to eight creditors, Including Twincorn Shipping and Trading, Pan-Malaysia Cement Works and Federal99 words
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Article107 1977-02-12 12 Reuter TOKYO, Frl. The US has proposed a bilateral agreement with Japan to control anti-monopoly law violations such as International cartels by multinational corporations, Mr Yasushl Sawada, Chairman of Japan's Fair Trade Commission (FTC) said. He told a press conference that the fTC, the International Trade Ministry andReuter - 107 words
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Page 12 Advertisements
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Advertisement319 1977-02-12 12 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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