The Business Times, 17 February 1977
1977-02-17
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The Business Times
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Title Section10 1977-02-17 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, FEBRUARY 17, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article81 1977-02-17 1 AP LONDON, Wed. Foreign Secretary Anthony Crosland, fighting for his life since suffering a massive stroke on Sunday, was In "critical" condition today, according to the latest medical bulletins Issued by his hospital and the Foreign Office. It is the first time the word "critical" has been usedAP - 81 words
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Article57 1977-02-17 1 AP TOKYO, Wed. The US dollar, which had dropped as low as 280.30 against the yen yesterday, continued its recovery and closed at 284.475 yen today, still lower than last week's level. Some traders said that If the dollar rises much more, exporters will begin massive dollarAP - 57 words
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Article56 1977-02-17 1 KL NZ army training AP KUALA LUMPUR, Wed. The Malaysian and New Zealand armies will hold a joint training exercise in New Zealand from March 10 to April 16, the Defence Ministry said yesterday. It said the Malaysian army would be represented by a 120-man contingent including a company ofAP - 56 words
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Article61 1977-02-17 1 AP BRUSSELS, Wed. The Belgian National Bank today lowered its discount rate from 8 to 7 per cent effective tomorrow, a bank spokesman announced. The Lombard rate, applying on advances on current account, was also reduced from 8 to 7 per cent. Other rates on special advancesAP - 61 words
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Article71 1977-02-17 1 UPI RIO DE JANEIRO. Wed. The Brazilian Coffee Institute yesterday raised the export tax on QO-kilo sacks of coffee from US$lO3 (*****) to $107, effective today. The IBC said the increase in the export tax, which is paid to the IBC by exporters and whose value isUPI - 71 words
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Article60 1977-02-17 1 AP TOKYO, Thurs. A poll by the newspaper Asahl showed today that only 28 per cent of those questioned supported Prime Minister Takeo Fukuda's government. Asahl said this was the lowest support ever for a new government. Prime Minister Kakuel Tanaka's government started with 62 perAP - 60 words
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Article34 1977-02-17 1 LONDON, Wed. A 'technical fall in money market interest rates and the relative firmness in sterling helped push the Financial Times index up 8.3 to 384.4, at 3 p.m. today34 words
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Article44 1977-02-17 1 UPI NEW YORK, Wed. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 946.89, up 2.57; 20 transp 225.17, up 0.84; 15 utlls 106.34, up 0.51; 65 stocks 309.46, up 1.04. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration179 1977-02-17 1 Rises Most active MBS Genting* 8 T P 1975 MAA MalakofT Miian F'mills Ol'B M Flour Pan Electric YHS Guthrie Nat Iron Foils Setron DBS CCM Carlaberg Sth Msia Ind 230 320 382 142 109 188 352 272 215 177 169 368 177 390 386 350 118179 words
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Article105 1977-02-17 1 Rises Most active Oentlngs Berjuntal K. Sldlm Consol. Pit. O.C.B.C. U.M. Works C. Sugars Lien Hoe M. Flour Pan Elect. Wearnes Kullm M'sla Kg. Lanjut Pa Utllng 3.26 $13.30 3.48 $3.56 7.10 1.40 1.23 2.03 2.74 $2.74 2 .83 0.79 Falls 1.95 2.40 +.10 .10 +.08 .06105 words
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1458 1977-02-17 1 QUEK PECK LIM - AFTER THE TRAUMA OF RECESSION By QUEK PECK LIM THE Singapore electronics worker appears to have become more productive as a result of the recent recession. According to figures published by the Department of Statistics, the value added per worker (difference between input costs and output1,458 words
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Article350 1977-02-17 1 ASEAN economic ministers held a meeting here yesterday to tie up loose ends before the scheduled Asean foreign ministers meeting In Manila next week, when preferential trading agreements will be signed. Singapore was represented by Mr. Hon Sui Sen, the Finance Minister, with Mr. Ngiam Tong350 words
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Article352 1977-02-17 1 JAPAN Is planning to set up a special fund of some US$2O million ($49 million) to provide material aid on a grant basis to those countries, mainly Asian, which require such aid to step up agricultural production. This new government-to-government Food Production Encouragement Programme will provide countries352 words
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Article182 1977-02-17 1 PARIS, Wed. US President Jimmy Carter yesterday sent French President Valery Giscard d' Estaing a message saying he hoped to see the issue of the New York landing rights for the Franco-British supersonic Concorde Jetliner solved in a friendly way. The message, transmitted on the special telex182 words
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302 1977-02-17 1 POLICE detained nine people on Tuesday "for questioning in connection with their pro-communist activities," according to a Ministry of Home Affairs statement issued yesterday. The nine "were implicated by G. Raman in his statements," said the Ministry. Raman, who was arrested last week, has302 words
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417 1977-02-17 1 THE MINISTRY of National Development yesterday issued a statement urging developers and owners of "strata subdivided building" In Singapore to form management corporations as soon aspossible. This follows the passing In March 1976 of the Land Titles (Strata) (Amendment) Act, under which all such417 words
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Article177 1977-02-17 1 UPI KUWAIT, Wed. Saudi Arabia and Iran have agreed on a compromise formula which will end the price war among members of the Organisation of Petroleum Exporting Countries, the newspaper As Siyassa said today. Agreement between the two Opec giants was reached during the current ViennaUPI - 177 words
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Page 1 Advertisements
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Advertisement50 1977-02-17 1 Colour TV is simply great I Oversea* newa/TV A Overseas stocks P 7 Radio P 2 Commodities P 8 Overseas news P 3 Transport A CornLocal Co news P 4 munications P 9 International Co news P 5 Features PlO Local stocks P 6 Local A Overseas news Pl 250 words
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Advertisement0 1977-02-17 1 '>{&)&,!"?*<$;%!:-@]!|&^$**=,^"0 words
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Advertisement111 1977-02-17 1 Trade Debts can be ready Funds frozen in trade debts can be converted into cash freeing working capital to work profitably for you. Accounts Receivable Financing provides working capital without borrowing against fixed assets. The service that gives every company a revolving credit arrangement. Costs are only incurred when this111 words
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Advertisement86 1977-02-17 1 IV/.' ec SEE BACK PAGE NOW DAILY! i- ■> 7 tkst wkW> S3 r TriStar Service Taipei ana Tokyo. Cathay Pacific introduces daily Super TriStar flights to Hong Kong, and on to Taipei and Tokyo, departing Singapore at 11.20 am. Call your Travel Agent, or Cathay Pacific at ***** for86 words
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OVERSEAS
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529 1977-02-17 2 Reuter LONDON, Wed. The sudden Illness of Britain's Foreign Secretary, Mr. Anthony Crosland, left the Labour Government today with the prospect of a premature cabinet reshuffle and the loss of its one-vote overall majority In Parliament. As the 58-year-old politician slipped into a deepReuter - 529 words
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473 1977-02-17 2 UPI SALISBURY. Wed. Prime Minister lan Smith has moved to take some of the sting out of the stringent military callup measures that forced his Defence Minister to resign. But Mr Smith appears far from satisfying Increasing demands that he tell precisely how theUPI - 473 words
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159 1977-02-17 2 AP WASHINGTON, Wed. US Agriculture Secretary Mr. Bob Bergland said yesterday that he plans to seek a reduced import quota for foreign sugar entering the United States this year, but added that he Is not certain how far It may be cut. Mr.AP - 159 words
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214 1977-02-17 2 AP WASHINGTON. Wed. The United States and the European Economic Community signed an", agreement yesterday recognising the new American 320 *~1 coastal fishing zone. Under the agreement, the nine members of the EEC will be subject to licensing and quota requirementsAP - 214 words
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Article107 1977-02-17 2 Reuter NEW YORK. Wed. A lasting reduction in the US unemployment rate to seven per cent by the year end Is likely to need faster real growth this year than many economists are forecasting, despite the drop to 7.3 per cent In January, Morgan Guaranty TrustReuter - 107 words
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360 1977-02-17 2 Reuter COPENHAGEN, Wed. Danish Prime Minister Anker Joergensen, boosted by surprisingly large gains In yesterday's national elections, Is expected to try to form a coalition government for an energetic attack on the country's economic problems. With votes from Greenland and the Faroe IslandsReuter - 360 words
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Article64 1977-02-17 2 Reuter NEW YORK. Wed. A survey of 1,402 adults in early January showed that 47 per cent believed the US economy will improve in the next six months compared with 37 per cent of those surveyed In November, Citicorp said. The survey, however, was taken before the recentReuter - 64 words
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235 1977-02-17 2 Reuter NEW YORK, Wed. Official German estimates of five per cent real economic growth this year are realistic, Berliner HandelsUnd Frankfurter Bank managing partner Ruedlger von Tresckow told Reuters in an interview. Mr. Tresckow, here for the opening of a BHF branch,Reuter - 235 words
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218 1977-02-17 2 Reuter BAHRAIN, Wed. Bahrain's offshore banking business grew by US$l.25 billion (553.08 billion) lo $6.25 billion in the last quarter of 1976. and funds originating In the Arab world accounted for 40 per cent of the total, according to Bahrain Monetary Agency director,Reuter - 218 words
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912 1977-02-17 2 AP ROME, Wed. Italy's labour unions, which have won benefits unequalled by workers elsewhere and have become formidable powers able to dictate economic policy and topple national administrations, are opening a drive to win a major voice in management affairs. In what could beAP - 912 words
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185 1977-02-17 2 Reuter ROME, Wed. Italy win have to keep Its 1977 public sector borrowing requirement within the presently forecast limit of 9.8 trillion lire and hold Inflation this year down to between 16 and 17 per cent under conditions set by the IMF forReuter - 185 words
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152 1977-02-17 2 British Leyland workers plan 'Day of Action Reuter BIRMINGHAM, Wed. A meeting of more than 500 British Leyland senior shop stewards unanimously agreed to recommend a oneday strike of all shop-floor workers so that they can take part in a lobby of parliament to demonstrate their opposition to a thirdReuter - 152 words
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Article115 1977-02-17 2 Reuter CANBERRA, Wed. The Industrie* Assistance Commission reaffirmed its recommendation that tax concessions to the Australian gold mining industry be phased out over five years, it said in a draft report on the industry. The Commission (lAC) recommended the phase-out of the concessions exemptingReuter - 115 words
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338 1977-02-17 3 AP DETROIT, Wed. Record demand for big cars during the first 10 days of February pushed American car sales to their highest levels for the period in 12 years, US car makers reported yesterday. The four major producers reported retail sales of 224,601AP - 338 words
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404 1977-02-17 3 PRINTERS' UNION CALLS OFF WALKOUTS THE HAGUE, WtdnMday UPI HOLLAND'S largest strike wave since world war Two entered Its 10th day today showing Its first signs of weakening as a key union ordered Its members back to work. With the two main strikeUPI - 404 words
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Article127 1977-02-17 3 Reuter TEHRAN, Wed. —A consortium of West German, Italian and Swedish firms has been awarded a contract to build power sub-stations and transmission lines in the southern Iranian Erovince of Khuzestan, the linistry of Energy announced yesterday. The contract worth 6,850 million rials (about SS24OReuter - 127 words
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231 1977-02-17 3 AP NEW YORK, Wed. Sony Corp. has announced plans to set up a film duplicating service that will enable owners of Its "Betamax" video recorder to show home movies on their television screens. The service, to be introduced In the United States within severalAP - 231 words
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Article124 1977-02-17 3 Reuter NEW YORK, Wed. Pan American World Airways said yesterday It asked the Civil Aeronautics Board for permission to expand Its domestic service to Include flights between New York and California. Pan Am said it was seeking the new route so that "International service canReuter - 124 words
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308 1977-02-17 3 AP SEATTLE. Wed. The Boeing Aircraft Company yesterday denied that there were ever any "questionable circumstance*" surrounding its sale of airplanes to Japan or that it ever was involved with "rebates or bribes" to Japanese Government of"We can And no basis for anyAP - 308 words
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318 1977-02-17 3 AP WASHINGTON, Wed. The 'severe winter weather In the United States helped push Industrial production down In January by the biggest margin In nearly two years, the US government reported yesterday. The Federal Reserve Board said output of America's mines, factories andAP - 318 words
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410 1977-02-17 3 AP ANCHORAGE, Wed. Saudi Arabia is talking 'about getting a stake In Alaska's offshore oil by putting its money behind a company which the United States set up to aid Alaska's native tribes. The Associated Press has learned that Konlag Incorporated, aAP - 410 words
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Article106 1977-02-17 3 Reuter JEDDAH, Wed. Official figures indicated yesterday that Saudi Arabia has not so far boosted Its oil production to meet extra demand after deciding with the United Arab Emirates to increase prices by five per cent l:istead of the 10 per cent agreed by otherReuter - 106 words
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189 1977-02-17 3 Reuter WASHINGTON. Wed. President Carter's go&l of a balanced budget In four years will be In Jeopardy unless there is unusually strong private economic growth, the Congressional Budget Office said yesterday. Congressional budget director Mrs. Alice Riviln also told a news conferenceReuter - 189 words
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Article63 1977-02-17 3 Reuter HAMBURG. Howaldtswer Kedeutsche Werft, West Otrmany's largest shipyard, has been badly hit by cancelled orders, company chairman Mr. Norbert Hanke said here. He said withdrawal of four orders for tankers of 480,000 deadweight tonnes by Norwegian clients had been particularly painful. He said West German Government negotiations,Reuter - 63 words
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Article28 1977-02-17 3 Reu-'ter LONDON, Wed. ICL Ltd announced the introduction of a new small business computer system based on the System 10 range developed by Singer Business Machines rau-Reu-'ter - 28 words
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Page 2 Advertisements
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Advertisement179 1977-02-17 2 The international bank with your interests at heart. Dai-lchi Kangyo Bank is Japan's largest bank. With assets of about 39 billion dollars. But our size doesn't make us impersonal. A worldwide staff of financial experts ready to give your project their individual attention. And we have your interests at heart.179 words
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Page 2 Miscellaneous
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Miscellaneous320 1977-02-17 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. Feb 16 at Singapore airport: Maximum temperature 29*' Associated humidity Minimum temperature zz Associated humidity Hours of sunshine 4 Rainfall in millimetres Total rainfall for the month Total rainy days for the month RADIO TV SINGAPORE 5 3.00 P.M.320 words
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Page 3 Advertisements
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Advertisement160 1977-02-17 3 A ft-" Wtol t 'jl V > J »"< 'i. ■W "wm <*«V. '>*! \r 1& r-J rc*y '■■>■-■ I, W Every Tuesday and only non-stop service h'« o a^»^^cc? af ll ,y ne 0f ffi r New Zea,and 's wide-bodied DC-10s to New Zealand for only $1,743* return. mfv?m160 words
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COMPANY NEWS
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609 1977-02-17 4 THE long delayed 1974 accounts of Malaysian Wood Wool Products an associate of the collapsed Mosbert group have been heavily qualified by the company's auditors, Hanafiah, Raslan and Mohamad. "We are unable to form an opinion whether the accompanying balance sheets profit and loss609 words
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338 1977-02-17 4 AP DETROIT, Wed. A proposed US$l billion truck building venture between Poland and General Motors may be dropped because of prolonged delays in completing negotiations, a top GM official reports. Executive vice president Reuben R. Jensen, in charge of overseas operations, said GMAP - 338 words
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Article84 1977-02-17 4 HONGKONG, Wed. Net profit at Asia Pacific Capital doubled to U554.47 million from $2.23 million in the year ended Dec 20, 1976. In line with its profit Increase, it has doubled the total dividends to $1.2 million from $600,000. The merchant bank is 70 per cent owned by84 words
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134 1977-02-17 4 LONDON, Wed. Turnover has increased by £1.38 to £6.5 million for Plastic Constructions and pre-tax profit i- has risen to a record £404,828 against £381,753 for the year ended Sept 30, 1976. Profit after six months was £165,493 compared with £178,963. The directors state that134 words
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156 1977-02-17 4 Reuter HONOKONG, Wed. Jardine Securities has enjoyed a 50 per cent Jump in net profit to HKSIS.6 million ($10.4 million) for the first six months ended Dec 31, 1970. In line with the profit Jump, Jardlnes has raised the Interim dividend to 15Reuter - 156 words
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Article43 1977-02-17 4 MELBOURNE, Wed Unaudited net profit at Jennings Industries rose to A 52.52 million from $2.36 million In the first half-year ended Dec 31, 1976. Turnover rose to $128.8 million from $109.7 million. Jennings Is maintaining the interim dividend at five cents.43 words
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Article175 1977-02-17 4 Current Ex Date Total for Tetalfor peynent Date payable the year previous year D. brunt 00.07*+ Jan 26 Feb 17 0607*+ 05* Ulu Beaut 5*TE Feb 2 Feb 17 5*TE 5* N.B. Timbers 3*+ Jan 26 Feb 21 3*+ 15 4*a Strait* Time* 27.5H Feb 11 Mar 3175 words
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COMPANY MEETINGS
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Article22 1977-02-17 4 THE following company meetings are due: Feb 21, 11 a.m., Bth Floor, U.M.B.C. Buildings, Jalan Suleiman, Kuala Lumpur22 words
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Article13 1977-02-17 4 Feb 25, 12 noon, at 4701 OCBC Centre, Singapore 1.13 words
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Article15 1977-02-17 4 Feb 28, 12 noon, at Supreme House (11th Floor), Penang Road, Singapore15 words
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Article123 1977-02-17 4 MR. Peter J. Holzer, general manager at the Chase Manhattan Bank N.A. has announced the promotions of Mr. Richard Goh Chong Tee to assistant manager EDP operations, Mrs Dorothy Tay Jiak Choo to assistant manager ACU, and Mr. Andrew Lim Hwang Leng to assistant manager transfer services.123 words
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Article, Illustration1930 1977-02-17 4 RHYS DAVID - By RHYS DAVID FT There has been a lot of competition In recent years for the title of the most difficult management task In British textiles. But few people can have been confronted with quite the same range of complexities thatFT - 1,930 words
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366 1977-02-17 4 SHAREHOLDERS of East Asiatic Rubber Estates and the UK courts have approved the scheme of arrangement whereby East Asiatic Co will acquire all the Issued shares in EARE it does not already own. The UK incorporated company, which owns rubber and palm oil366 words
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Latest result
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Article45 1977-02-17 4 Unaudited pre- tax profit M 513.89 million ($12.51 million) for the year ended Dec 31, 1976. Mortgage loans receivable at end-December $249.97 million ($220.01 million). First and final dividend 15 per cent (same) payable April 14 to shareholders registered on March 22.45 words
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106 1977-02-17 4 AP LIMA, (Peru), Wed. Japan Oil is Interested In Investing In oil and mining ventures in Peru, Tonejiro Tanaka, vice president of the firm, said yesterday. Mr. Tanaka said he had met with economy and finance minister Luis Barua Casteneda and told him_AP - 106 words
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Article1418 1977-02-17 4 On February 15 PRICES on the Chicago Board Options Exchange on Tuesday were firm, with gainers topping losers, 228 to 206. CBOE volume approximated 84,402 contracts, up from 83,868 contracts on Monday. OPTION APL JLY OCT STOCK Alcoa" 50 UNTRD 5 6 1/4 S3 Alcoa 00 UNTRD1,418 words
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Page 4 Advertisements
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Advertisement194 1977-02-17 4 Have you your copy of flie 1976/77 BUKUMERAH? The complete filing cabinet on the Singapore business scene ALPHABETICAL INDEX INFORMATION 0 < |«»TttT The Straits Timet DIRECTORY OF SINGAPORE intm *zi mhm M FRAS«&N€^6RO£ •g? It's the 1976/77 'Red Book" the office/library reference book covering the business scene in Singapore.194 words
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INTERNATIONAL COMPANY NEWS
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Article544 1977-02-17 5 DEARBORN, Michigan, Wed. Despite a strike and a change in accounting procedures which reduced earnings drastically, Ford Motor has been able to end 1976 with a record profit. For all of 1976, Ford's profit totalled US$9B3 million, or $10.45 a share, up from $323 million,544 words
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Article216 1977-02-17 5 Reuter NEW YORK, Wed. With "unusually high" production from Libya giving earnings a big boost. Occidental Petroleum has raised fourth quarter net profit by four times to US$7l.7 million from $17.7 million. This raised the 1976 profit by 6.8 per cent to $183.7 million ($172 million)Reuter - 216 words
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Article541 1977-02-17 5 NYT NEW YORK, Wed. Mobil Corporation will decide within six months whether to locate its New York headquarters staff of 2,700 to a 53-hectare site near Washington, according to the company's chairman, Mr. Rawleigh Warner Jr. Last May, Mobil, the nation's fifth largest Industrial company, announcedNYT - 541 words
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Briefly
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Article90 1977-02-17 5 HONGKONG. Wed Consolidated Properties and Stores has declared an interim dividend of 15 HK cents for the year ending March 31, 1977, compared with 24 cents last time. The company said unaudited consolidated net profit for the nine months to Dec 31. 1976. was HK54.95 million and compared90 words
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Article31 1977-02-17 5 ST PAUL. Wed. Minnesota Mining and Manufacturing has raised the quarterly dividend to 42'2 US cents from 36-'/*, payable on March 12 to shareholders on record on Feb 25.31 words
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Article99 1977-02-17 5 TOKYO, Wed. Toyota Motor said its January vehicle output rose 15.4 per cent to 177.726 from January 1976 but was 10.9 per cent below the December level. Exports in January also rose 31.1 per cent to 94,729 from a year earlier but were dcwn 7.5 per cent from December.99 words
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Article66 1977-02-17 5 TEHERAN. Wed. Iran's Bank Etebarat San'atl will in the next few days obtain a US$l2O million loan on the European money markets the Persian-language newspaper Etelat reported. It quoted a bank spokesman as saying that the terms of the loan negotiated were satisfactory but gave no further details.66 words
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Article52 1977-02-17 5 MONTREAL, Wed. Bank of Montreal said balance of revenue after taxes in the first quarter ended Dec 31 was C 528.1 million compared with $28.0 million the prior year. Pre-tax balance of revenues was $50.9 million compared with $51.0 million last year. Complete interim figures for the quarter were52 words
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Article73 1977-02-17 5 LUXEMBOURG, Wed. The City of Oslo's 500 million Luxembourg franc BV a per cent 10 year bond Issue has been priced at 99'/ 4 per cent, Kredletbank Luxembourgeolse said as lead manager. A sinking fund will retire 30 million francs a year of bonds In the five years *****273 words
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Article28 1977-02-17 5 PARIS, Wed. Esso SAF has reported net turnover, excluding transactions with other oil companies, of 10.49 billion francs in 1976, compared with 8.57 billion francs last time.28 words
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Article92 1977-02-17 5 MALMOE, (Sweden), Wed. Higher shipping losses have caused pre-tax profit at Kockums Mekanlska Verkstads to plunge to 30 million crowns from 92.2 million crowns on sales of about two billion crowns (1.6 billion crowns). Despite the severe setback, the board has recommended an unchanged dividend of three crowns. Kockums92 words
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Article52 1977-02-17 5 LONDON. Wed. Hitachi Zosen Kabushlkl Kalsha's US$3O million note issue was priced at 99% per cent and the coupon set at 7V« per cent, SG Warburg said. The notes, guaranteed by Sanwa Bank, were twice subscribed. A sinking fund will reduce the average life of the issue to 552 words
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Article48 1977-02-17 5 PARIS. Wed. Cie Generale D'Electrlcite has enjoyed a 33.3 per cent Jump in net turnover to 134.55 million francs (100.81 million francs) last year. Consolidated turnover came to 20.16 billion francs (no comparative figures). However, the company said this represents a 16.3 per cent rise over 1975.48 words
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Article35 1977-02-17 5 TORONTO. Wed. Net profit at Canadian Pacific rose to Csl9o million from $174.9 million last year. Earnings per share were $2.62 ($2.40). In the fourth quarter, net profit came to $66 million ($53.4).35 words
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Article800 1977-02-17 5 ISSELBACHER GALLERY NYT NEW YORK. Wed. Individual investment money has been draining out of the stock market for years now and Mr. Alfred M. Isselbacher, who owns the Isselbacher Gallery on Madison Avenue, thinks he knows where a lot of the cash has gone. "Some ofNYT - 800 words
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Article272 1977-02-17 5 NEW YORK, Wed. Bethlehem Steel Corp expects a disappointing first quarter, chairman Mr. Lewis W. Foy told analysts. In last year's first quarter Bethlehem earned USS2B.4 million or 65 cents a share on sales of $1.27 billion. Mr. Foy said improved demand from the construction Industry272 words
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Article194 1977-02-17 5 NEW YORK, Wed. Burdened by Its 141-day strike, B.F. Goodrich has ended 1976 with a 28.7 per cent setback In net profit to U5515.79 million ($22.15 million). The setback would have been far more severe but for the near sixfold Jump in fourth quarter net profit194 words
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264 1977-02-17 5 Reuter NEW YORK. Wed. The Philippine gold producer Benguet Consolidated has suffered a 60 per cent setback in net profit to U552.29 million ($6.37 million) in 1976. The full year setback included an 80.6 per cent plunge in fourth quarter net profit to $267,462 ($1.37 million).Reuter - 264 words
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Article164 1977-02-17 5 Reuter OAKLAND. Wed. Kaiser Aluminium and Chemical Corp said it will close two primary aluminium potlines at Its Mead. Wash, plant because of power shortages In the Pacific northwest. The lines due to shut on Feb 20, have a combined annual capacity of 55,000 tonnes. aboutReuter - 164 words
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Article106 1977-02-17 5 Reuter LONDON, Wed. Courtaulds of the UK announced it has established a new company. Courtaulds Fibres (Far East) which will open an office In Tokyo later this month. This will cover the northern half of the Far Eastern area and another office, to be opened In Hongkong,Reuter - 106 words
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144 1977-02-17 5 Reuter MELBOURNE, Wed. Emperor Mines said a decision on whether to continue mining gold at Vatukoula in FIJI will be made at a meeting of the boards of Emperor Mines and Emperor Gold Mining on Feb. 24. In a statement to the MelbourneReuter - 144 words
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Article127 1977-02-17 5 Reuter NEW YORK. Wed. Racal electronics said it now has about 48 per cent of Mllgo Electronic Corp's outstanding shares. Racal said under its current offer to purchase any and all shares of Mllgo for US$36 a share, it has been advised byReuter - 127 words
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Article32 1977-02-17 5 NEW YORK. Wed. Charter New York has increased its quarterly dividend to 53 US cents a share from 50 cents, payable on March 31 to shareholders on record on March 1.32 words
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Article694 1977-02-17 5 AT T in for better times Reuter NEW YORK, Wed. American Telephone and Telegraph (AT and T) has chalked up the highest quarterly profit ever maae by a corporation and says that Is only part of a bright picture ahead. But the company, which made a profit of US 53.83Reuter - 694 words
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309 1977-02-17 5 FT ZURICH. Wed. An increased market share for Bally shoes in world markets is the aim of the new Board of the group's Zurich-based holding company C.F. Bally. In a letter to shareholders, the Board states that It wants to strengthen the company's positionFT - 309 words
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Page 5 Advertisements
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Advertisement119 1977-02-17 5 There's only one accurate answer to complicated calculations Calculators Sharp Calculators have a host of methods to help you improve efficiency, save capital and expensive time. I m i mi V CS-2101 12 digits, 1 memory Constant and complex calculations Floating decimal CS-6301 $49 16digits, 3 memories, V Constant and119 words
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Article2071 1977-02-17 6 Gr's Gr'i Net 1976/77 Last Div Div Y'W P/E Vol Day High Low Company Sale +or- C* VT C000) High Low SECTION ONE INDUSTRIALS 175* 133 Acma 142 12.ON 1.1 8.4 7.1 131 130 Acma A 130 unch 12. ON 1.1 9.2 6.5 4 131 130 2062,071 words
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Article1071 1977-02-17 6 BID and offer prices 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 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,071 words
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Article1162 1977-02-17 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS A •ml (1 438 1 465). A. Tap* (0 428 0.458). A|in#m»t«1,162 words
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Article142 1977-02-17 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded ahown in brackets. D.B.S. (June $3.90) (0.31*8 0.325) (3) 0.31, (2) 0.31*. Inchcape (June $2.40). (0.27 V»B 0.288)142 words
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Article147 1977-02-17 6 SINGAPORE UNIT TRUST (Mutagen' price* for Feb 17) INCOME BOND UNIT (Current price*) 1.77 1 87 INCOME BOND 1 10 1 1A The Saving Fund S pore Prog Fund S pore Security Fund S'pore Invest Fund 0 95 1.00 0 80 0 85 1 35 1.43 1.08 1.12147 words
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Article149 1977-02-17 6 BOTH 1/2* 1981 (100,000) (102*«B 103 v»S) D B S 8 1/2* 1982 (100,000) (99 7 *B 100HS) DBS Convert* 6 1/2* 1991 (100,000) (96W8 97'«S) E I B 9* 1982 (100,000) (1038 103*8) E I B 8 1/4* 1983 (100,000) (99*.8 100*S) I B J 8 1/2*149 words
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Article111 1977-02-17 6 (102.958) 5* T F 15/4/81 (1,000,000) (101.458 101.555) 5* T F 15/10/81 (1,000,000) (101.40B) 5 3/4* T F 15/6/81-84 (1,000.000) (102 655) 7 1/4* 15/4/86 (1,000,000) (100 458) 7 1/4* 15/10/86 (1,000.000) (100 408 100.50S) 6 1/4* T F 1/12/90 (1,000,000) (100.45B) 6 1/4* T F 15/7/91111 words
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Page 6 Advertisements
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Advertisement212 1977-02-17 6 Alex Josey has long been an observer, recorder and commentator of the Singapore scene. In this new book, he examines end explains the success of Singapore's tripartite alliance of Government, workers end employers. A substantial part of the book is devoted to the full text of fifteen essential labour laws212 words
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Article469 1977-02-17 7 VERY quiet trading condition* persisted at the Stock Exchange of Singapore yesterday. Investors and dabblers were rather noncommittal and this prices to stagnate. On balance, the market finished with rises slightly ahead of losses but the exton t of price movements remained generally too narrow to promote469 words
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Article416 1977-02-17 7 THE Kuala Lumpur stock market ended fractionally higher in light trading yesterday. After opening at about Tuesday's levels, prices moved slightly higher. Much of the improvement in sentiment, however, was attributed to covering activity, ahead of the Chinese New Year holidays. Trading was light with416 words
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120 1977-02-17 7 NEW YORK. Wed. Net fourth quarter profit at Homestake Mining fell to US$3.B6 million from $3.97 million on revenue up t0530.8 $30.8 million from $24.4 million. This helped reduce the net profit for the whole of 1976 to $21.88 million from $24.23 million on120 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1146 1977-02-17 7 NEW YORK: Stocks, continuing to recover from an oversold condition, advanced for the second day In a row on Tuesday. The back-to-back pains come on the heels of a six-week market slide, in which the Dow Jones industrial average lost more than AO points. "Anytime a trend persists1,146 words
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Article349 1977-02-17 7 FRANKFURT: Most shares firmed slctoss the board on Wall Street's recovery, dealers said on Tuesday. Siemeni gained 1 20 marks and Aeg shares rose 1.40 on heavy turnover. Manneamann and Commerzbank each gained 1.40 marks. Hoechit l.io and Dresdner Bank 260 Most auto shares gained between 1.20 and 2.50349 words
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Article343 1977-02-17 7 AMSTERDAM: The market closed steady after recovering from Initial weakness, but trading was dull as operators held back due to uncertainty about strikes, dealers said on Tuesday. Unilever led Dutch internationals mo guilders higher. Elsewhere, transports were unchanged to slightly higher Insurances were mixed. Banks and most Industrials and343 words
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Article319 1977-02-17 7 TORONTO: The Toronto Stock Exchange closed higher on Tuesday, paced by metals and Industrials. Trading was light during the day. Of the 10 industrial subindices, only transportation declined. Northern Telecom climbed at 29V Huaky Oil at 23V Gulf Oil Canada at 27 V CIL S at 18V Akan W319 words
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Article276 1977-02-17 7 ZURICH: The market closed narrowly mixed with a firmer bias In continued quiet activity dealers said on Tuesday. Leading banks were little changed, except for somewhat firmer Bankgesellschaft. Bally bearer. Holder bank and Motor Columbu* Improved In flnanclats, and Zurich bearer moved higher among slightly Irregular Insurances. Industrials generally276 words
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Article374 1977-02-17 7 JOHANNESBURG. Gold shares eased In line with the London fix but In very thin trade, dealers said on Tuesday. Heavyweights lost around 20 cents where traded, while lightweight counters declined up to three cents In generally featureless trade Financial minings were harder. Elsewhere. De Beershruled unchanged at 380 after374 words
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Article518 1977-02-17 7 TOKYO: Share prices rose with the market average exceeding the 5,000 level on Wednesday reflecting higher Wall Street prices and revived speculation that the Bank of Japan may cut Its official discount rate soon, dealers said The Dow Jones average rose 26.37 to 5,014.17, with volume 280 million shares518 words
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Article408 1977-02-17 7 SYDNEY: The market closed mixed in quiet trading following a firm opening, dealers said on Wednesday. The Sydney All-Ordinaries Index dropped 0.80 point to 419.88. BHP fell two cents to $6.76, EZ Industries five to $2.60 and PhiUp Morris, Aust Guarantee, ANZ, Ama til, and CBC eased CSR dropped408 words
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Article182 1977-02-17 7 BRUSSELS: Most Belgian stocks closed lower in quiet trading, but price movements were only small, bourse sources said on Tuesday. Wagons Liti and Miuunne rose but Sidro, Ville MonUfne, Hobo ken. GB and CBR all fell, ("ometra lost 28 francs at the opening on an early selling order, but182 words
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Article154 1977-02-17 7 MILAN: Stocks firmed over a broad front In fairly active dealings. bourse sources said on Tuesday. Most leading industrials and flnanclals firmed Generate Immobiliare and Snia Viscose both strenghtened by over four per cent, while Fiat and both Piriellis were also firmer. Montedison gained marginally, while shares of Its154 words
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Article394 1977-02-17 7 HONGKONG: Share price: closed higher on Wednesda> following the strength of London and Wall Street in moderate trading, dealers said. The Hang Seng index rose 3.03 points to 4*9.31. Jardine Securities rose 15 HK cents to $7.35 following Its higher interim dividend and &roflt figures, and Jardine [atheson gained394 words
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Article174 1977-02-17 7 MANILA: Minings gained slightly, while oils and commerlcals declined In dull trading with turnover falling to 3.79 million pesos from 4 07 million dealers said on Wednesday. Gainers included Marinduque B, Philex A and San Miguel A and BF Goodrich lost ground. Unchanged Issues Included Acoje Mining, Atlai Con174 words
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Article372 1977-02-17 7 PARIS: The market was lower, with metals, electrlcals and automobiles leading the decline, dealers said on Tuesday Chatilion, Chiert, Metallurgique de Norniandie, Leroy-Somer and LMT all lost ground, while Ferodo and Peuceot were sharply lower. Other sectors were also generally easier, but Locindus and AGP went against the trend372 words
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Article84 1977-02-17 7 FEB It Bahts Asia Fibre 120 1 Bangkok Bank 253 2 Bangkok Invest 14? -I Bangkok-Metro-politan Bank Bata 375 BerllJucker 166 1 Charoong Thai Wire 163S unch Dumex Duslt Thanl Faber Merlin First Trust 135S Indo-Thal J And J Ho 191S unch Jalaprathan Cement 82 unch Karnasuta Lee Kwang84 words
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Article69 1977-02-17 7 FINANCIAL TIMES INDUSTRIAL Tuesday 376.1 Monday 366.3 Week ago 392.2 DOW JONES AVERAGE INDUSTRIALS Tuesday 944 32 Monday 938 33 Week ago 942.24 LONDON DOLLAR PREMIUM Tuesday 100'i to 101% Monday 100N to 101 H.K. HANG SENG Tuesday 436 58 Monday 436.16 Week ago 445 20 SYDNEY INDUSTRIALS Tuesday69 words
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Page 7 Advertisements
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Advertisement176 1977-02-17 7 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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COMMODITY REPORTS AND PRICES
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Article908 1977-02-17 8 THE Singapore rubber market opened marginally higher yesterday following firmer London advices ana thereafter rose further on some forward demand on short-covering ahead of the Chinese New Year holiday, dealers said. However towards the morning close, profittaking appeared to pare the gain. The morning session908 words
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Article28 1977-02-17 8 Rubber: Feb 16 Singapore: Mar. 206.25 eta (unchanged) Malaysia: Mar. 209.25 eta (up 0.25 cts) Tin: $1,540.00 (up S14.00) Official offering: 265 tonnes (down 85 tonnet)28 words
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Article196 1977-02-17 8 THE Straits tin price In Penang yesterday was up $14.00 to $1,540.00 on an official offering down 85 tonnes to 265 tonnes. In LONDON yesterday, tin rose by around £12 for Cash and £35 for Three Months In both contracts. Following the sharp rise and rationing at Penang,196 words
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Article231 1977-02-17 8 LONDON, Wed. Terminal sugar finished the opening call £0.05 with near Mch at £128.75 bid to £0.80 per tonne down from Tuesday night but later showed signs of a minor rally In extremely thin trading. Both the London dally raws and whites prices were unchanged at £127 and £141231 words
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Article211 1977-02-17 8 IN the Singapore gold market yesterday, the kilobar was quoted at 5510.780 to 5*10,815. The loco London quote was quoted at a nominal U*****.30/135.80. The London morning fix was U*****.95 up $0.05 on the previous fix. Source Singmas. The Slngapoe Chinese Oold and Silver Merchants Association quoted the retail211 words
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Article46 1977-02-17 8 LONDON, Wed. Zinc, £2 down for both Cash and Three Months, lacked fresh feature Three Months traded from £321 down to £319 In the ring before recovering back to £321 on the Kerb In very quiet dealings. Ring sales of 1,225 tonnes were mainly carries.46 words
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Article70 1977-02-17 8 LONDON, Wed. Lead gained £7 for Cash and £6.25 for Three Months in the morning. The market rose sharply during early dealings and Three Months traded upto a record £397 per tonne. Although prices dipped slightly In the Ring, with Three Months trading down to £393.50, the undertone remained70 words
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Article113 1977-02-17 8 THE following Palm Oil price* were are df Rotterdam and are quoted in 1 quoted in London on Tuesday. The prices JS dollar per ton unleu otherwise staled Tuesday Pr*». Malaysia 5% ffa bulk Apl/May unch 500 sir Sumatra 5H Feb 515* 520slr Mel) 512.SO* 516.50 sir Apt113 words
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Article273 1977-02-17 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk $85 sellers, old drum $90 sellers, new drum $95 sellers. Copra: Mixed (loose) UK/Cont $55 buyers. Pepper Muntok ASTA white f.o.b. 100% NLW $350 sellers. Sarawak white f ob 99% NLW $330 sellers. Sarawak special273 words
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Article368 1977-02-17 8 LONDON. Wed. Robusta futures ended the opening call with values £18 to £2 per tonne down from Tuesday night. Volume was 479 lots and the tone steady. May, after an Initial loss of around £32 at £3,280 closed the opening call only £18 down at £3,194 having established a368 words
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Article126 1977-02-17 8 CHICAGO, Tues. Wheat futures closed with gains of 4 X A to 2Mi cents a bushel, finishing a light trade around the day's highs. After early weakness on light speculative selling, prices turned upward with the aid of commercial and professional buying. Spread buying of wheat against sales of126 words
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Article138 1977-02-17 8 CHICAGO, Tues. Soybean futures turned downward late In the session to close with losses of 2* to Mi cents a bushel. Prices eased initially in the light dealings before turning upward with the aid of commercial buying interest. After displaying a lack of upside follow through, prices turned back138 words
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Article243 1977-02-17 8 LONDON, Wed. Copper gained mostly £1 for wlrebars ana £2 for cathodes with no fresh feature evident In the morning, dealers said. Outside demand remained quiet but liquidation was well absorbed w n sentiment aided by gains in tin and lead. Three Months wlrebars closed the Ring at £858.243 words
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Article189 1977-02-17 8 LONDON, Wed. Silver closed 0.1 pence per troy ounce higher to 0.4 pence In the morning. The market was very quiet with the bulk of the 44 lots turnover resulting from carries. Three Months traded finally at 272.8 pence. On Tuesday afternoon, silver finished the day 0.5 pence per189 words
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Article113 1977-02-17 8 BANGKOK, Wed. Indicative prices for rice quoted in Bangkok yesterday were: US dollars per tonne fob basis Bangkok. US dollars per tonne fob basis Bangkok. White Rice: 100 per cent 1st class 282 100 per cent 2nd 267 100 per cent 3rd 262 5 per cent 254 10 per113 words
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Article63 1977-02-17 8 THE Malaysian Minister of Finance has fixed these rates for the period from Feb 17 until further notice: Rubber 93 ft cts. a lb Copra $868.00 a ton Palm kernel 5235.25 a ton The rate of duties payable are: Rubber 11% cts. a lb (Surcharge 5% cts. a63 words
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MONEY AND EXCHANGES
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Article564 1977-02-17 8 OVERNIGHT Interest rates In the Singapore domestic money market hit 11 per cent, following substantial withdrawals from the banking system yesterday. From the opening level of five to four per cent, dealers reported that the overnight rates were pushed up to seven per cent by the late morning as564 words
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Article168 1977-02-17 8 Asian rates ASIAN currency depotlt interbank rates u at close on Feb 16. US Dollars (Spot) Offer Bid 7 days ...4 1/4 4 1 mth ...4 3/4 4 5/8 2 mths ...4 13/18 4 11/16 3 mths .5 l/l« 4 15/16 6 mths 5 5/8 5 1/2 8 mths ...5168 words
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Article48 1977-02-17 8 RANQE of price* offered by discount houses on Feb IS. Overnight 3* Call deposit iHtoM CIosIBC Buy SelUaa 3-month Treasury bills > I 7/» 3-Month Bank bills 4 1/16 3 15/16 3-Month CD 4 5/16 4 3/16 •-Month CD 4 9/18 4 7/16 Source: National Discount Co48 words
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Article59 1977-02-17 8 Minimum lending rates (in ACBC 6*. First Chicago 6* Algemene Bank 9* Citibank Bangkok Bank .7* HSBC 7 Bank of America 6* Indosuez 6* Bank of China .7 Malayan Banking 6* Bank of Tokyo 6* Mitsui Bank 6*« Bank Negara ocbc Indonesia .7 OUB 6*. Chartered Bank 6*. UCB 759 words
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Article218 1977-02-17 8 LONDON, Wed. Shortterm Eurosterllng Interest rates continued to move higher, providing stability to sterling In early exchange dealings, dealers said. Spot sterling traded at $1.7034/39 shortly after the opening, virtually unchanged from $1.7035/45 overnight. Day-to-day Eurosterllng cost over 30 per cent, dealers said. This Is discouraging banks overseas from218 words
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Article133 1977-02-17 8 NEW YORK, Tues. The dollar closed stronger as a Bank of England bear squeeze took much of the recent selling pressure off sterling, dealers said. •Sterling closed sharply stronger at $1.7045/50 from $1.6950/60 overnight and slightly above the $1.7035/45 London close after the Bank of England began to133 words
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Article135 1977-02-17 8 HONGKONG, Wed. The US dollar and sterling closed little changed on thelt New York closes In fairly quiet and thin trading, dealers said. Sterling closed at U551.7042/52 against the $1.7045/50 New York close amid uncertainty about the Bank of England's future policy following Tuesday's bear squeeze, they said.135 words
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Article107 1977-02-17 8 TOKYO, Wed. The US dollar for overnight delivery closed higher at 284.50 yen compared with 283.50 yen at the opening and 284.00 ven at Tuesday's close after fluctuating widely, dealers said. The US unit initially declined to 283.30 following a small Inflow of dollars, but soon lower levels caused107 words
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Article160 1977-02-17 8 Euro rates LONDON, Wed. Period Eurodollar deposits up to Six Months opened lower reflecting the Friday dealing technicality, while longer positions and day to day rates were little changed, dealers said. Initial technical losses in periods were around 1/8 with rates holding steady in early patchy and quiet trading. Foreign160 words
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Article39 1977-02-17 8 THE Monetary Authority of Singapore (MAS) Invites banks and discount houses to tender dor: $40 million 91-day Treasury bills to be issued from Feb 21 to Feb2s, 1977. Each tender must not be less than $250,000.39 words
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Article53 1977-02-17 8 AUSTRALIA/ NZ exchanges quoted on Feb 16 Australia: Sterling 0.6441/ 0.6370 US dollar 1.0944/ 1.0896 Ninety-day air mall buying rates: Sterling 0.6710 US dollars 1.1194 Ninety-day forward buying rates: Sterling 0.6605 US dollars 1.0931 New Zealand: Sterling 0.5608/ 0.5577 US dollar 0.9603/ 0.9503 Ninety-day forward rate: Sterling 0.595553 words
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Article44 1977-02-17 8 ZURICH exchanges closing on Feb 15. US 2.5122-5132 UK 4.2730-2765 Can 2.4485-4505 W Germ 104.66-75 Neth 100.37-45 France 50.50-54 Belg 6.83-1/2 84-1/2 Denm 42.49-52 Norw 47.65-69 Swed 59.31-36 Italy 0 2846-49 Austria 14.72-75 Port 7.72-74 Spain 3.64-1/4 65 Arg 0.80-95 Japan 0.88-3/4 89-1/444 words
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Article32 1977-02-17 8 FRANKFURT exchanges closing quotes on Feb 15 US 2.3982/92 Can 2.3340/60 UK 4.065/080 Neth 95.75/90 Swltz 95.70/85 Italy 2.710/722 France 48.10/25 Japan 0.8465/85 Belg com 6.517/532 Belg fin 6.524/533 Norw 45.46/5232 words
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Article247 1977-02-17 8 LONDON, Wed. Eurobonds traded generally steady In quiet conditions, dealers said. Quiet convertibles were slightly harder among US Issues while Japanese bonds were steady. Eurobond price* quoted on Feb i6 Straight! Bid Offer Alcan 9*»Pc 1988 104 V, 105* BFCE 8*Pc 1083 101 Vh 102 Brascan 9*Pc 102*247 words
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Page 8 Advertisements
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Advertisement450 1977-02-17 8 THESE ARE THE BOOKS THAT HITLER BURNED I *>"3* 3m < \i2lillE-t SS n r» u-e*i -Ltwm u 9 g Mlfi ICON THE GREAT BOOKS OF WESTERN CMLIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that450 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration1476 1977-02-17 9 ANDREW TAYLOR - A quarter of a million British car workers employed by Leyland and Ford have threatened to strike if their trade union leaders agree with the Government to hold down pay increases any longer. The argument threatens to split the trade union members from theirFinancial Times - 1,476 words
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Article179 1977-02-17 9 AP LONDON. Wed. North American grain chartering remained quiet on the London shipping freights market yesterday, although one noteworthy fixing was for a large bulker. Cook took the Rudby at the approximately steady lumpsum rate of U*****,000 (FTO) for a 72.000-tonne US Gulg Holland shipment. Argentine wheatAP - 179 words
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Article, Illustration298 1977-02-17 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Blue Moon (Car Carrier) (0600 after Loon Mau) 35/36 Feichi (2000 after Dnae) 44 Johneverett (0600 after Martha Bakke) 3/4 Marui Maru (0900 after Inverbank) 15/16 Oriental Hawk (0600) 18 Shinryu Maru (1400 after Ramoneverett) 40/41 Tapah (1400 after Rajah Brooke) 21 East298 words
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Article973 1977-02-17 9 V.K. McELHENCY - YESTERDAY we published an article showing how mini-computers are doing much of the work that the manufacturers had originally thought would be done by the giants. Today we take the story one stage further, and focus on the micro-processors, computers no larger than a fingernail, which areNYT - 973 words
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Article606 1977-02-17 9 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKG MAS MH682 0610 KCH SIA SQ211 1010 HLP CPA CX710 1030 HLP GIA GA980 1030 HLP OIA GA908 1100 MES PAL PR501 1115 MNL RBA BI325 1155 BWN SIA SQ201 1200 HLP SIA SQ240 1205 MES606 words
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Article99 1977-02-17 9 Reuter AMMAN, Wed. The Islamic Development Bank will send a delegation to Egypt to evaluate plans to enlarge the Suez Canal and built tunnels under It, Riyadh radio reported yesterday. The decision followed a meeting between the Chairman of the Suez Canal Authority, Mr MashourReuter - 99 words
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Page 9 Advertisements
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Advertisement487 1977-02-17 9 Business Management in Penguins THE DEBT TRAP The D«bt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own economies and the role of IMF in frustrating487 words
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Article, Illustration988 1977-02-17 10 NAJIB RAHMAN - WORK HAS STARTED ON KUANTAN'S FIRST PLANNED INDUSTRIAL TOWNSHIP AT SEMAMBU NEW TOWN. WHEN COMPLETED IN 1980. IT WILL HAVE 117 FACTORIES By NAJIB RAHMAN MASSIVE earthwork is now In progress to make way for Semambu New Town Kuantan's first planned industrial988 words
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Article, Illustration2307 1977-02-17 10 CHRISTOPHER LORENZ, JOHN WICKS - By CHRISTOPHER LORENZ, JOHN WICKS Financial Times AFTER three centuries of steady evolution, watchmaking has undergone a revolution in Just three years. From being a novelty In 1974, dlgltd watches captured a fifth of the United States watch market last year, and nearly aFinancial Times - 2,307 words
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Page 10 Advertisements
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Advertisement319 1977-02-17 10 NEW DIRECTIONS The magazine that actually says what you have been thinking all along. New Directions quarterly was bom 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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Page 11 Advertisements
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Advertisement464 1977-02-17 11 How advertisers can mount a campaign aimed at businessmen Tactical information from Business Times I,* 3sSi« V f r A F/Ftn# > -^1 VJ 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 readership464 words
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295 1977-02-17 12 Reuter BANGKOK, Wed. Com- I munist guerillas fired on a helicopter over southern Thailand today and killed a royal lady-ln-waltlng of Thailand's Queen Slrlkit, police reported. The incident was the second Involving royalty within four days. Crown Prince Vajlralongkorn escaped unhurt when his armouredReuter - 295 words
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Article196 1977-02-17 12 SINGAPORE Hilton Hotel will discontinue Its own credit card system from March 1, replacing It with the multi-purpose Southeast Asia BankAmericard. This agreement, reached between the hotel and BankAmericard, will entitle the holder of the card to continue using the credit facilities of the Singapore Hilton as196 words
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208 1977-02-17 12 Reuter MANILA, Wed. President Ferdinand Marcos tonight announced postponement of a planned plebiscite on a regional autonomous government for the south to give more time to those concerned to consider the proposal, designed as part of a peace package to end Muslim rebellion in the area.Reuter - 208 words
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Article780 1977-02-17 12 LONDON, Wed. The stock market firmed, helped by a technical fall In money market Interest rates and the relative firmness in sterling, dealers said. Closing levels were below the day's highs In reaction to news that one of the three railmen's unions was also against continued pay restraint.780 words
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681 1977-02-17 12 ELECTRONIC FIRMS SHIVER AS IT seems as If the Japanese will not rest content till they make conquests In practically every major field In Industry. The latest arena they have entered is electronics, and they are reputed to have sent "shivers up the backs of681 words
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206 1977-02-17 12 UPI MANILA, Wed. President Ferdinand Marcos today called on the Philippine navy to Improve and modernise its defence capability. "We have great need of a fleet of vessels to patrol these waters, to enforce the laws of the sea, and regulate the traffic of foreignUPI - 206 words
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Article110 1977-02-17 12 INTEREST ratea in the Singapore interbank money market remained at a high level yesterday with overnight funds dealt aa high as 11 per cent against 10 per cent previously. The rise was attributed by dealers to keen bids from borrower banks whifch were anxious to cover their110 words
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349 1977-02-17 12 Reuter UPI JAKARTA, Wed. Indonesia's current decline in oil explorations is not caused by tough government terms, according to the head of the Indonesian Pertamlna Oil Company, Mr Plet Harjono. Such a decline was a common phenomenon In the oil industry all over the world,Reuter; UPI - 349 words
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553 1977-02-17 12 IN his further confession, the typewritten text of which was released last night, and supported by a facsimile of the handwritten original, lawyer O. Raman says It was around 1969 that he formed a "communist ideological discussion group" including eight of those arrested on553 words
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Article35 1977-02-17 12 SEVEN appeals were heard by the Chief Justice, Mr. Wee Chong Jin, yesterday, and all were successful. Four appellants had their convictions quashed, and the others had their original Jail terms lifted.35 words
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805 1977-02-17 12 HOTELS which do not levy a service charge are doing their staff a disfavour In boom times when occupancy rates are high and the revenue from bed. board and beverage comes to a substantial amount. This Is the view of some observers who805 words
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IN PARLIAMENT YESTERDAY
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347 1977-02-17 12 MR. Ivan Baptist, MP for Potong Paslr, yesterday chlded Singaporeans for lndulglng In wasteful spending of hard-earned money and "falling prey to high-pressure salesmanship and advertising." Mr. Baptist, who is also the executive secretary of the Consumers Association of Singapore, told Parliament:347 words
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369 1977-02-17 12 THE Housing Board was severly criticised in Parliament yesterday for being "hypocritical" and a "philanthropist", and for treating Parliament like a "debating society." Mr. Fong Sip Chee, MP for Kampong Chal Chee and Senior Parliamentary Secretary for the Ministry of Labour, commented that "while369 words
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304 1977-02-17 12 THE world economy Is goins through a period of painful adjustment and monetary and fiscal measures will be Ineffective except to increase the rate of inflation. This warning was. given yesterday in Parliament by Dr. Augustine Tan, MP for Whampoa, who noted304 words
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Article26 1977-02-17 12 MR. E.W. Barker, MP for Tanglln and leader of the House, yesterday moved that Parliament be adjourned until next Monday. The motion was approved.26 words
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192 1977-02-17 12 DOUBTS over the Government'* assessment of civil servants who hold directorship* in corporations were voiced in Parliament yesterday. Mr. Ong Soo Chuan, MP for Nee Soon and parliamentary secretary (Foreign Affairs) claimed that a number of civil servants were rewarded not because of their192 words
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180 1977-02-17 12 A MEMBER of Parliament yesterday asked for an assurance from the Minister for National Development and Communications, that pig farmers who have been resettled will be able to continue their farming activity for a period beyond 15 years. Mr. Ng Kah Ting, MP180 words
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Page 12 Advertisements
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Advertisement193 1977-02-17 12 I i rn 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. The193 words
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