The Business Times, 26 February 1977
1977-02-26
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The Business Times
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Title Section10 1977-02-26 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, FEBRUARY 26, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article79 1977-02-26 1 Reuter JAKARTA, Fri. East Java military commander Major General Witarmin has announced the arrest of 358 people charged with trying to set up an Islamic state in Indonesia, it was reported today. The semi-official daily newspaper, Suara Karya, reported that Gen Witarmin told military and civil officers inReuter - 79 words
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Article65 1977-02-26 1 Reuter ZURICH, Fri. The Swiss National Bank said it has decided to release banks' remaining minimum reserves, amounting to around 220 million francs, effective today. The bank said that the measure reflects the fact that money market liquidity tightened markedly in the past few days due toReuter - 65 words
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Article53 1977-02-26 1 RANGOON, Frl. The Asian Development Bank has approved a US$25.l million (5561.25 million) loan to Burma to develop the country's forest industry, newspapers said yesterday. The reports said the loan will be used to develop five million hectares of forests and also to modernise extraction, milling53 words
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Article52 1977-02-26 1 AP ARANYAPRATHET. (Thailand) Fri. About 100 Cambodian soldiers today attacked the Thai village of Non Markmoon, three km from this provincial capital, killing one villager and forcing the entire village to evacuate, a police spokesman said. The Cambodians first fired 105 mm artillery shells into the borderAP - 52 words
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Article65 1977-02-26 1 Reuter AP NAIROBI, Fri. All Americans living in Uganda were suddenly ordered today to appear before President Idi Amin in Kampala on Monday and were told they would not be allowed out of the country before the meeting. Responding to this news, a White House spokesman inReuter; AP - 65 words
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Article43 1977-02-26 1 Reuter BANGKOK, Fri. Malaysian Prime Minister Datuk Hussein Onn will make a three-day official! visit to Thailand starting on March 4 during which a new border agreement will be signed between the two countries, a government spokesman said today. Reuter.Reuter - 43 words
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Article29 1977-02-26 1 Reuter MANILA, Fri. Thailand and the Philippines today signed an agreement to exchange fertiliser and industrial rice amounting to US$3.6B million, (Ss9 million), Philippine officials said. Reuter.Reuter - 29 words
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Article44 1977-02-26 1 UPI NEW YORK, Fri. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 929.85, down 2.75; 20 transp 221.46, down 0.44; 15 utlls 104.93, down 0.67; 65 stocks 304.26, down 1.01. UPI.UPI - 44 words
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Chief Price Changes
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Article, Illustration175 1977-02-26 1 TRADING at the Stock Exchange of Singapore turned nervous yesterday, ahead of the Singapore budget. Premiums on the option board were also reduced in line with the general trend. Reflecting the easier trend, the Business Times index fell 3.69 points to 261.99 while the Straits Times Industrial175 words
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Article124 1977-02-26 1 Falls Most active M Banking 0«nUnga 86.25 $3 40 -.10 08 United Plantation Oentlngs 204,000 107,000 E.N.E. O-C B.C. L Perak Golden Hop Consol Pit Boustead C. Sugars C.C.M Haw Par Inchcape K T. Pau Supreme Coi Tiipmg Con PMC S3.02 -.00 Haw Par 154.000 IT&6 11124 words
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733 1977-02-26 1 ANTHONY ROWLEY - FIRST MONTH 'SATISFACTORY' By ANTHONY ROWLEY THE performance of Singapore 's infant stock option trading market in its first month of life has been "satisfactory", and plans are already In hand to introduce new counters as well as new option series to the733 words
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397 1977-02-26 1 KUALA LUMPUR, Frl. The Inspector-General of Police, Tan Sri Haniff Omar, has categorically denied that the Malaysian Special Branch was involved in any alleged "black operation" against the Interests of Singapore. The Singapore Ministry of Home Affairs made public yesterday a claim that Malaysian Special397 words
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828 1977-02-26 1 Reuter Reuter MANILA. Frl. Foreign Minister S. Rajaratnam today forecast a relaxation In relations between Asean and Indochina, especially if Asean remained strong and united. "I am sure that in the course of time, as suspicions, fears and emotions die down,Reuter - 828 words
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Article349 1977-02-26 1 ON his arrival back from Manila, Mr. Rajaratnam said that Asean nations hope to implement the agreement on preferential tariff by the second Asean summit scheduled to be held In Kuala Lumpur In July or August. Mr. Rajaratnam described the agreement signed In Manila as349 words
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Article191 1977-02-26 1 UPI ROTTERDAM, Frl. Labour and management today reached agreement on a 1977 dockworkers' contract which could bring an early end to the strikes which have crippled the ports of Rotterdam and Amsterdam for 19 days, a union spokesman announced. Slem Barendregt said the accord resultedUPI - 191 words
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Article248 1977-02-26 1 THE Singapore Chinese Cbamber of Commerce (SCCC) hu elected Mr. Wee Cho Yaw from the majority Hokien group, to be the president of its new management committee. He will serve a two-year term. Mr. Wee, chairman and managing director of United Overseas Bank (UOB)248 words
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233 1977-02-26 1 THE Singapore Manufacturers' Association fSMA) objects to the decision by the Far Eastern Freight Conference (FEFC) to make physical checks of cargo on outturn In Europe. In a statement Issued yesterday, the SMA declared Its support for the Singapore National Shippers' Council (SNSC)233 words
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196 1977-02-26 1 Reuter LA PAZ, Frl. The world's four main tin producers 1 agreed to table a resolution to the International Tin Council (ITC) In March aimed at establishing periodic price revisions. The governments of Malaysia, Indonesia, Thailand and Bolivia said in a Joint communique here thatReuter - 196 words
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Article264 1977-02-26 1 TOKYO, Frl. Prime Minister Takeo Fukuda said today he favoured a gradual rise in the value of the Japanese yen against the US dollar. Speaking on a television programme videotaped for showing later In the day, the Prime Minister said: "It* is a matter of welcome that264 words
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Page 1 Advertisements
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Advertisement49 1977-02-26 1 8 years old at least! INSIDE Market reviews/ TV Radio P 2 Oversea* newt P 3 Local Co news P 4 International Co news P 5 Local stocks P 6 Overseas stocks P 7 Commodities P 8 Transport A Communications P 9 Features PIO Local Overseas news Pl 249 words
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Advertisement61 1977-02-26 1 SEE BACK PAGE We are the Rolex people in Singapore Come and see us! If you are thinking of investing in a Rolex, see our fabulous range of fine watches OFFICIALLY APPOINTED DEALER 285 South Bridge Road. Tel *****/***** Ground floor, Peninsula Shopping Centre, Coleman Street. Teh *****9 Ground floor,61 words
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Advertisement202 1977-02-26 1 &+`-+>}+-'\_;*&].=%"&[@~/@%^+(! Master accounting and finance with SQAand make more money If you are a decision maker, you'll need to understand finance. Whether you're managing your own business or are part of a management team, you'll need to grasp the financial implications of every decision. The Certified Diploma in Accounting and202 words
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MARKET REVIEW
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Article340 1977-02-26 2 Reuter BUYERS were encouraged! to re-enter the Byd ney stock market this week after keeping on the sidelines for most of the recent sessions. Observers said the noticeably strong overseas metal markets and the continuing flow of impressive corporate performances and several bullish forecasts of future profitability, boosted investorReuter - 340 words
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266 1977-02-26 2 RONALD LAM - Complied by RONALD LAM SCRIP RIGHTS ISSUES Malayan Banking: Scrip Issue of one-for-three, capitalising Msls million followed by a rights Issue of 30 million MSI shares In the ratio of one-for-two at Ms 3 per share. Prima: Scrip issue of one-for-three, capitalising266 words
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Article1144 1977-02-26 2 IVAN FALLON - LONDON IVAN FALLON THE Year of the Snake has dawned brightly enough In London at least. The hint of panic sparked off by a 50point drop in Financial Times Index In eight trading days Is already a distant memory. This week, the Index moved right back1,144 words
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Article632 1977-02-26 2 FOR the bulls, this week's performance of the Stock Exchange of Singapore most certainly have been very disappointing. Instead of the traditional post-Chinese New Year rally, they saw their share values being eroded. Now and then, the market did attempt a rally. But this generally proved to be Just632 words
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Article492 1977-02-26 2 DESPITE a couple of scrip Issues and rumours of more to come, trading at the Kuala Lumpur Stock Exchange remained lacklustre this week. For most of the week, the trend fluctuated from easy to mixed. Heavier losses were noted In very weak trading on Friday. And apart from492 words
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Article439 1977-02-26 2 KUALA LUMPUR, Fri. Another rallying letter has been circulated to shareholders of Oolden Hope, London Asiatic and Patallng urging them to Join In the controversial merger scheme under the banner of Harrisons Malaysian Estates (HME). In the letter, from HME's financial advisors, Baring Brothers of London, It439 words
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179 1977-02-26 2 Reuter a MUNICH, Frl. Last October's currency realignment In the Joint European float was not enough to take account of cost differences which have arisen between member countries since 1973, the IFO Economic Research Institute said. For this reason, speculation could flare up againReuter - 179 words
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Page 2 Advertisements
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Advertisement367 1977-02-26 2 The first new idea in encyclopaedias in over 200years-Britannka 3 Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in v^ three distinct ways. (see below) That's what makes it the most useable reference work ever developed. That's why Britannica367 words
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Page 2 Miscellaneous
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Miscellaneous400 1977-02-26 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Feb 25 at Singapore airport. Maximum temperature 25.9° C Associated humidity 89 Minimum temperature 22.9° C Associated humidity 98 Hours of sunshine nil Rainfall in millimetres 93.1 Total rainfall for the month 178.7 Total rainy days for the400 words
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OVERSEAS
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300 1977-02-26 3 AP WASHINGTON, Frl. Owners of oil tankers and barges will face staggering insurance costs if the Us Congress requires them to be more responsible for oil spill clean-up costs, an insurance industry official said yesterday. Mr. Leslie Cheek, vice president of the AmericanAP - 300 words
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167 1977-02-26 3 Reuter TOKYO. Frl. The Japan Machinery Exporters Association said contracts concluded by Its 52 member companies for the export of Industrial plant facilities during 1976 totalled US$6.5O billion (5916 billion). This was a sharp increase of 59 per cent from US$4.l2 billion inReuter - 167 words
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Article111 1977-02-26 3 Reuter WASHINGTON, Frl. An Egyptian-Israeli dispute over oil drilling rights in the Oulf of Suez has been resolved and Amoco Oil Company has resumed operations under Its contract with Egypt, the State Department said J*' terday. Spokesman Frederick Brown said Secretary of State Cyrus Vance discussed theReuter - 111 words
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750 1977-02-26 3 PRICES RISE ON STEADY BUYING LONDON, Frl. Speculators and investors appear to be returning to Europe's gold markets, dealers say, for the first time since Americans decided more than two years ago they weren't particularly Interested in the yellow metal. Steady buying orders750 words
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321 1977-02-26 3 Reuter LONDON, Fri. The British Labour Government lost Its overall majority In the House of Commons today after a by-electlon success by the Conservative opposition. The conservatives easily held their seat In the central London constituency of City of London and Westminster SouthReuter - 321 words
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Article39 1977-02-26 3 Reuter TRIPOLI, Frl. Libya will host the Eighth Islamic Foreign Minister's Conference here from May 16 to 22, the Arab Revolution News Agency of Libya said yesterday. The last Conference was held In Istanbul last May.Reuter - 39 words
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Article184 1977-02-26 3 Reuter GENEVA, Thurs. Officials from 15 Latin American developing countries will take part In a seminar organised by the United Nations Conference on Trade and Development (Unctad) In Bogota from March 2 to 11 to discuss customs preferences for developing countries' exports. An Unctad statement IssuedReuter - 184 words
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509 1977-02-26 3 AP ROME, Fri. Italy unveiled Western Europe's fastest passenger rail tracks yesterday, equal to the Japan's "bullet" train, In an experimental showing seen as the dawning of the age of high speed rail traffic between European cities. It also could pose a serious challengeAP - 509 words
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Article319 1977-02-26 3 AP BRUSSELS, Fri. The Belgian working class, fed up with the three-year-old crisis and unprecedented unemployment, is going on a month-long rotating series of strikes expected to affect the whole economy and public services and perhaps shake the Government. No such walkout has taken place since theAP - 319 words
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138 1977-02-26 3 Reuter WASHINGTON, Frl. Sales and purchases of materials In connection with stockpile goals which were proposed In former President Ford's budget for fiscal year 1978 have been placed under a moratorium by President Carter, pending a review of the stockpile policy, a spokesmanReuter - 138 words
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Article59 1977-02-26 3 Reuter DACCA, Frl. A four-man trade team from China will arrive In Dacca on March 1 to explore prospects for buying jute, leather and other products, the official Bangladesh News Agency reported yesterday. China and Bangladesh signed a bilateral trade protocol In January during a visit to peklngReuter - 59 words
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Article116 1977-02-26 3 Reuter WIESBADEN, (West Germany), Frl. West Germany's foreign trade surplus dropped sharply last month to 1.98 billion marks (552,016 million), the Federal Statistics office said today. It was the country's lowest trade surplus since the middle of last year and, leaving aside the traditionally weak export monthReuter - 116 words
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Article, Illustration370 1977-02-26 3 Reuter UPI NEW YORK, Fri. Rat chairman Giovanni Agnelli (above) suggested here future international loans to help Italy could be better for all parties involved if linked to specific projects or programme* of production. Such loans would encourage and support private businessReuter; UPI - 370 words
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Article83 1977-02-26 3 AP WASHINGTON, Frl. Legislation to break up major oil companies, which died in the last Congress, was submitted anew yesterday by Sen. Birch Bayh. The Bill would require the nation's 18 largest oil companies to divest themselves of many of their operations. ItAP - 83 words
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452 1977-02-26 3 AP WASHINGTON, Fri. Agriculture Secretary Bob Bergland will propose tighter import controls on foreign sugar and US price supports to help American growers, qualified sources said yesterday. The plan Is expected to be isent to other cabinet officials and the White House soon,AP - 452 words
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458 1977-02-26 3 UPI LONDON. Frl. A new quarterly survey from the authoritative National Institute of Economic and Social Research yesterday predicted Britain will cut back consumer price Inflation to about 12 per cent this year, falling to seven per cent In 1978. It also had cheerfulUPI - 458 words
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363 1977-02-26 3 Reuter LONDON, Frl The Confederation of British Industry urged Chancellor of the Exchequer Denis Healey to cut personal taxes by about £3 billion (SII3 billion; In a full financial year and to fund the revenue shortfall by cutting public spending and Increasing publicReuter - 363 words
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172 1977-02-26 3 Reuter NEW YORK, Prl. Rhodesia's Prime Minister, Mr lan Smith, says proposed US legislation to bar Import of Rhodeslan chrome would simply make the metal more expensive for Americans. In a television Interview broadcast last night by CBS, Mr. Smith said: "I believe ItReuter - 172 words
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297 1977-02-26 3 Reuter LONDON, Frl. The Labour Government today announced a £65 million (5J273 million) aid programme for Britain's depressed shipbuilding yards. The programme will be aimed at helping the yards to obtain orders. Half of the money will be available within six months,Reuter - 297 words
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Advertisement258 1977-02-26 3 ESTABLISH A NAME FOR YOURSELF. WITH ONE OF OURS. A V I I I y-^S -A When you carry names like Pierre Cardm. Lanvtn and Bally you can t help but do a little namedroppmg After all. these famous houses represent the finest menswear and accessories anywhere And if vou258 words
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COMPANY NEWS
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Article, Illustration1735 1977-02-26 4 LAST month, tin shares greeted the new year with a sharp and swift upturn. Development m this sector In Malaysia, the world's leading tin producer, Illustrate the trend. The ripples of Interest created by the demand for the metal and its spiralling1,735 words
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COMPANY MEETINGS
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Article22 1977-02-26 4 THE following company meetings are due: Feb 28, 10 a.m., Registered Office, Ist Floor, M.C.A. Building, Jalan Brewster, Ipoh.22 words
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Article15 1977-02-26 4 Feb 28, 12 noon, at Supreme House (11th Floor), Penang Road. Singapore.15 words
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18 1977-02-26 4 Feb 28, 12.30 p.m., at Supreme House (11th Floor), Penang Road, Singapore.18 words
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18 1977-02-26 4 Mar 4, 11.30 a.m., at Hotel Negara, 19 Claymore Drive, Singapore 9.18 words
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Article23 1977-02-26 4 Mar 7, 12 noon, at the Ballroom, Lower Lobby of the Regent of Kuala LumEur, Jalan Imbi, Kuala umpur.23 words
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17 1977-02-26 4 Mar 9. 12 noon, Registered Office, 3m.5.. Jalan Kluang, Batu Pahat, Johore.17 words
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Article275 1977-02-26 4 LEYLAND Truck and Bus technical service engineer, Mr. Harry Sulley, who previously served as an advisor to the Singapore Bus Service, is now in Singapore to help Introduce SBS s first fleet of 20 double-decker buses. Two top officials of the Security Pacific National Bank are due275 words
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Article119 1977-02-26 4 ST PIRAN has proposed a scrip Issue of one-for-one on the back of an eightfold Jump In profit to £756,000 for the first six months ended Sept 30, 1976. The UK-Incorporated company, whose 25p shares are listed on the Kuala Lumpur Stock Exchange, will capitalise part119 words
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LATEST RESULTS
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Article34 1977-02-26 4 SHANGRI-LA HOTEL Unaudited net pre-tax trading profit $6.05 million ($6.01 million) for the year ended Dec 31, 1976. Depreciation $2.17 million ($2.08 million) Tax $3.18 million ($2.92 million), leaving $2.87 million ($3.09 million).34 words
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Article30 1977-02-26 4 ROTHMANS OF PALL MALL (MALAYSIA) Unaudited net group pretax profit M 57.43 million ($7.87 million) for the first half-year ended Dec 31, 1976. Group turnover $107.34 million ($106.63 million).30 words
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562 1977-02-26 4 Reuter TOKYO, Frl. Japanese external bond Issues In the April-June quarter, excluding governmentguaranteed bonds are currently expected to rise to somewhat over US$4OO million equivalent, from about $370 million In the current quarter, securities sources said. They said the April-June Issues, decided by theReuter - 562 words
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Article178 1977-02-26 4 Current Ex Date Total far Total for payment Date payable the year prffrtouftar Straiu Time* 27.5% Feb 11 Mar 3 27.5% Time* Publishing 17.5% Feb 11 Mar 3 27.5% 29% M. Tobacco 35% Feb 7 Maris 50% 40% WilkimoD PrtetM 15% Mar 7 Mar 24 20% 30.1%a Idru178 words
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621 1977-02-26 4 HAVING turned the corner In the first six months, Veneer Products Is confident that the group will achieve a profit In the current year ending Feb 28, 1977. The promising first half displayed by the group and the Improved operating and trading conditions confirm the621 words
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Article96 1977-02-26 4 SUPREME Corporation has announced that books will be closed from March 12 to 17 Inclusive entitlements to Its scrip and rights Issues. The last day for splitting Is March 28 and for acceptance and payment April 19. The scrip Issue of one-for-four and the rights of96 words
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Article1402 1977-02-26 4 On February 24>; ON the Chicago Board Options Exchange on Thursday, volume was 101,536 contracts compart with Wednesday's 962,655, with 63 contracts higher compared with 501 on I the down side. OPTION OCT JAN APR STOCK t Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel1,402 words
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Advertisement488 1977-02-26 4 i.Jf > ■f J ■jn i *4 fc,/' v i$ li P fe2fc£ HT v Southeast Asia has as many faces as there are eyes in a peacock's tail And the Straits Times Annual has painted them all, in peacock-colours. Living up to a long-established record of quality reporting on488 words
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INTERNATIONAL COMPANY NEWS
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Article192 1977-02-26 5 Reuter LONDON, Frl. On sales of 168.83 million kwacha (94 million kwacha), Roan Consolldated Mines has achieved pre-tax profit of 33.14 million kwacha In the first six months ended Dec 31, 1976, compared with a loss of 4.59 million kwacha last time. Earnings per shareReuter - 192 words
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Article57 1977-02-26 5 Reuter LONDON, Frt. Jardlne Matheson and Co said Its subsidiary Jardlne Matheson Insurance Brokers (Hongkong) has formed a South African insurance broking company In association with Rennles Consolidate. The company, Jardlne Rennles Insurance Brokers, will have Its head office In Johannesburg. Rennles group operating companies will formReuter - 57 words
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Article276 1977-02-26 5 Reuter LONDON, Frl. With high Interest rates giving results a boost, Barclays Bank has enjoyed a 39.3 per cent Jump in pre-tax profit to £197.89 million (£142.02 million) In 1976. This raised earnings per share to 40p from 31.1p last time. The chairman, Mr. Anthony TukeReuter - 276 words
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Article118 1977-02-26 5 UPI TOKYO, Frl. Japan's Sumitomo Shojl Trading has agreed with a British Investment firm to set up a joint venture in London to promote exports to Japan from the European Common Market, Sumitomo officials said yesterday. The officials said Sumitomo and Tozer Kemsley and Mlllbourn areUPI - 118 words
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Article198 1977-02-26 5 AP NEW YORK, Frl. Chemical Bank was Indicted by a Federal grand Jury yesterday, accused of falling to report more than 500 cash transactions worth more than US$B.5 million. America's fifth largest commercial bank was said to be In violation of a law that was written toAP - 198 words
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256 1977-02-26 5 AP WASHINGTON, Frl. The US Securities and Exchange Commission announced yesterday new rules aimed at requiring most people who control sizable portions of stock In companies to make their holdings public. The rules would not remove all of the mystery surrounding controlAP - 256 words
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Article56 1977-02-26 5 MELBOURNE, Frl. For the first six months ended Dec 31, 1976, unaudited net profit at Commercial Bank Australia rose to A 510.73 million from $6.83 million. Turnover increased to $123 million from $99.4 million previously. With the buoyant results, CBA has raised the interim dividend to eight cents from56 words
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Article704 1977-02-26 5 NYT NEW YORK, Frl. Fertiliser stocks have been contrary market performers In the last several years. They moved up briskly In late 1974 while the rest of the market was falling apart. Then, In 1975 and most of 1976, they were one of the market's worst-acting groups.NYT - 704 words
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Article961 1977-02-26 5 Stephen M. Aug - AT AND T STUDY By Stephen M. Aug NYT AN independent 3V4-year study of American Telephone and Telegraph, says the huge telecommunications firm is becoming a Ereater risk for investors nan perhaps It ever h&s been. The study, which has been published in the form ofNYT - 961 words
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Article192 1977-02-26 5 PURCHASE, New York, Fri. Pepsico, the soft-drink company, announced yesterday that its profit rose by US$3O million last year and that it was raising Its quarterly dividend by 20 per cent. The company also said that its directors had proposed a three for one stock split.192 words
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149 1977-02-26 5 Reuter ZURICH, Fri. Schweizerische Bankgesellschaft plans to raise Its capital 100 million francs to 1.05 billion, general manager Nlklaus Senn told a press conference. The Increase Is planned In .two stages. First, a one for 19 rights Issue at a price of 200 perReuter - 149 words
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Article70 1977-02-26 5 Reuter TOKYO, Frl. Nippon Telegraph and Telephone Public Corp's US$lOO million, five-year, 7-5/8 per cent loan was priced at par and Its $50 million, 10-year, 8-1/8 per cent loan priced at 99.75, bond market sources said. The Government-gua-ranteed Issue contract Is due to be signed In NewReuter - 70 words
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Article60 1977-02-26 5 Reuter NEW YORK, Frl. Engelhard Minerals and Chemicals Corp said earnings from the international marketing operations of Its Phlllpp Brothers division were slightly lower In 1978 than In 1975. The company, however, said earnings from the precious metals operations of Its Engelhard Industries division and from the nonmetallic mineralsReuter - 60 words
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Article200 1977-02-26 5 Reuter LONDON, Fri. A marked improvement In overseas activities has helped Imperial Chemical Industrie to end 1978 with a 68.2 S»r cent rise in pre-tax prot to £540 million (£321 million) on sales of £4.13 million, up 31.9 per cent from £3.13 million previously. EarningsReuter - 200 words
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Article86 1977-02-26 5 NEW YORK, Fri. On sales of US$559 million ($532.4 million), fourth quarter net profit at Carnation rose to $27.5 million from $22.74 million previously. For the whole of 1976. net profit rose to $104.36 million from $88.54 million on sales up to $2.17 billion from $2.08 billion. Earnings86 words
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340 1977-02-26 5 AP NEW YORK, Fri. Chase Manhattan, the third largest commercial bank in the United States, has tightened its foreign loan policy, and other banks are giving closer scrutiny to overseas loans, chairman Mr. David Rockefeller said yesterday. "We are being considerably more selective as toAP - 340 words
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Article110 1977-02-26 5 Johnson Johnson up NEW YORK. Fri. Net profit at Johnson and Johnson rose to U5544.48 million from $39.26 million on sales of $639.1 million ($542.4 million) in the fourth quarter ended Jan 2, 1977. This raised the full-year figure to $205.38 million from $183.82 million on sales of $2.52 billion110 words
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Advertisement489 1977-02-26 5 Socialism KS The Singapore way In May 1976, the ruling People's Action Party in Singapore made a strong stand against serious allegations by the Dutch Labour Party at the meeting of the Bureau of the Socialist International in London. It culminated in C.V. Devan Nair, the PAP's special representative to489 words
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Article2108 1977-02-26 6 in%m High Low Company Last Sale Gr'a dhr Dhr e'rr Gr'i Nat P/E Vet C«M) Day High Low SECTION ONE INDUSTRIALS 175* 133 206 100 237 186 201' 204 248 ♦60 133 130 172 60 185 66 127* 149 172 384 Acma Acma A Alcom Allied Choc2,108 words
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Article1168 1977-02-26 6 BID and offer price* officially Hated and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown tn brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,168 words
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Article1261 1977-02-26 6 810 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 ACMA II 438 I 478) A. Tap* *****8 0.518> <2) OS®. Ajinatnata1,261 words
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Article138 1977-02-26 6 STRIKING price* of the stock option* officially listed on the Stock Exchange of Singapore, the period*, hid and offer price* and bu*ine*a done yesterday, with the number of option* traded shown in bracket*. D B S. (June $3.90) (0.278) (2 0.20*, (20 0.27 F and N (June $4.00)138 words
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Article146 1977-02-26 6 SINGAPORE UNIT TRUST (Mutagen' prices for Feb 28) The Commerce 1 77 i *7 INCOME BOND UNIT (Current prices) INCOME BOND 1.10 1.16 The Saving Fund 0.95 1 00 S pore Prof Fund 0.82 0 87 S pore Security Fund .1.38 1.46 Spore Invest Fund ...1.07 1.13 MARA146 words
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Article156 1977-02-26 6 B O T 8 1/2% 1981 (100,000) (102*«B 103 D B S 8 1/2% 1982 (100,000) (99%8 100SS) DBS Convert* 6 1/2% 1991 (100,000) (96H8 97VsS) E I B 9% 1982 (100,000) (1038 1048) E I B 8 1/4% 1983 (100,000) (99V.8 100S) I B J 8 1/2%156 words
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Article113 1977-02-26 6 5 1/2% 1/12/77 (1,000,000) (101.558 101 635) 5 1/2% 15/4/78 (1,000,000) (101.608 101.755) 5 1/4% 15/7/78 (1,000,000) (101.528 101 60SM 1)101 58 (1) 101.59 6 1/2% 15/8/78 (1,000,000) (103.358 103.505) 7% 1/7/79 (1,000,000) (104.858 105.008) 5 1/2% 1/10/77-79 (1,000,000) (101 608 101.708) 5 1/4% 15/10/79 11,000,000) (101.088113 words
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Advertisement408 1977-02-26 6 THE GREAT BOOKS of the Beautiful, durable bindings Is the ft the fundamental Ideas of ■hMI ■Mfl Hk science, history, psychology, |f Bbl VBfti VWill Here in beautiful, durable bindings is the whole record of the fundamental ideas of mankind science, history, psychology, mathematics, theology, literature and poetry. This magnificent408 words
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Article474 1977-02-26 7 AHEAD of tiM Singapore budget, tome nervous aell developed at the Slock Exchange of Singapore yesterSentiment was weakest during the morning session whan tone nervous holders went ahead to tell off on stop lom account. Some shortselling hare and there could not be ruled out altogether.474 words
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Article373 1977-02-26 7 PRICES fell across a wide front as sellers dominated trading on the Kuala Lumpur stock market yesterday. It was evident right from the opening bell that volatile Issues were under heavier selling pressure, the bulk of which was on stoploss account. In some cases, losses373 words
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247 1977-02-26 7 LONDON, Frl. Montedison. the Italian chemicals producer. Is claiming that it will soon be able to put into commercial production a new low-cost technology for producing polypropylene currently the fastest-grow-ing plastics polymer. The company, which was responsible for the Initial development of polypropylene, claims tests of247 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1204 1977-02-26 7 NEW YORK: Lack of trading activity and persistent worries over the business outlook Bushed stock market prices >wer on Thursday for the third consecutive session this week. President Carter Void State Department employees that he win soon begin a strong antiInflation effort but analysts said the comment had1,204 words
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Article324 1977-02-26 7 FRANKFURT: Most shares closed barely changed with an opening rally fading on lack of follow-up orders and foreign Investor selling on Thursday, dealers said. Among principal movers, Siemeni lost 1.50 marks and Scheriag was three marks weaker. MAN ordinary shares gained 2.50 marks. Other leading shares were barely changed.324 words
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Article309 1977-02-26 7 ZURICH: Stock market closed slightly higher on selective demand In fairly active dealings on Thursday. Export oriented stocks drew good buying support from the sustained firmness of the dollar, dealers said. Leading banks generally posted moderate gains. Farbo A" Interfood and OerlikoaBuehrle registered firmed In financial*, while Zurich bearer309 words
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Article312 1977-02-26 7 TORONTO: Golds and papers held mid-sessions gains but over the balance of the market share prices eroded steadily through the last two hours of moderate trading on Thursday. In a broadly lower oil sector. Bow Valley lost at 20%, Imperial OU A S at 22V Huaky Oil at 23.312 words
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Article178 1977-02-26 7 BRUSSELS: Oold mines were the centre of attenUon, opening higher and rising further In active trading on Thursday, following the rise In the London gold price, dealers said. The rest of the market was mixed to lower, In slightly more active dealing than recently. Societe Generate, Sidro, Union Miaiere,178 words
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Article373 1977-02-26 7 PARIS: The market was lower on Thursday, but Its fall was not as sharp as Wednesday's, dealers said. Most sectors weakened, but autos, foods and printings showed resistance. Dealers also said state aid announced by the Government on Wednesday for the steel Industry helped metal shares, with Sacilor and373 words
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Article402 1977-02-26 7 SYDNEY: The market closed mainly higher on Friday, with Paacantinental gaining 20 cents to 68.72 and market leader BHP 14 cents to 86.70, dealers said The Sydney All-Ordlnarles index rose 1.86 points to 26.25. The CBA rose 10 cents to 82.60 on its higher results In a strong banking402 words
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Article370 1977-02-26 7 JOHANNESBURG: Qold shares firmed in fairly active trade on Thursday, following higher European bullion Indications and London Interest, dealers said. Counters to gain ground Included Randfontein, Hartiee, WR CNS and Grootvlei. Mining flnanclals followed producers Profit-taking towards those pared some gains. In diamonds De Beers put on 18 cents370 words
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Article530 1977-02-26 7 TOKYO: Share prices closed higher on expectations of a cut in the official discount rate of the Bank of Japan shortly, although initial untrends were curbed by late profit taking, dealers said on Friday. The Dow Jones averaae gained 9.10 to close at 5,050.87 with volume 240 million shares.530 words
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Article256 1977-02-26 7 AMSTERDAM: Most shares advanced on Thursday, led up by Uai lever and Royal Dutch In Dutch Internationals, dealers said. Major gains elsewhere were KLM. Gist, IHC, Naardea and most yards. Shippings and Bergoae were leaders to decline, while THV reversed Its previous sharp gain. Banks and insurances were narrowly256 words
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Article391 1977-02-26 7 HONGKONG: Share prices fell further In moderate trading on continued lack of support and the belief next week's budget will provide no boost to the market, with professional selling now emerging, dealers said on Friday. The Hang Seng Index fell 4.92 Bolnts to 425.42. Jardine •theson fell 50 HK391 words
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Article166 1977-02-26 7 MANILA: Mining and oils firmed on Friday, but commercials eased, while total turnover roee to 4.14 million pesos from 3.03 million on Thursday, dealers said. Gainers Included Atlas Coo B, Lepanto B. Philei A and B, PUI Overs uas and Seafront but San Miguel A and B lost ground.166 words
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Article173 1977-02-26 7 MILAN: Stocks were generally lower in moderate trading on Thursday, with only scattered gains, bourse sources said. Anic, Stet, Pierrel and Pirelli E C were among stocks to firm against the trend. Other financial and Industrial leaders fell. Pirelli SPA shed further points ahead of Friday's shareholders meeting to173 words
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Article86 1977-02-26 7 FEB 2S Bahts 47Asia Fibre 120 4-J Bangkok Bank 257 +4 Bangkok Invest 160 +3 Bangkok-Metro-politan Bank 2800 unch Bata 379 unch Berll Jucker 173 unch Charoong Thai Wire 165 4-2 Dumex DusltThanl Faber Merlin First Trust Indo-Thal J And J Ho 190 ♦1 Jalaprathan Cement 34 +1 Kamasuta86 words
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Article69 1977-02-26 7 FINANCIAL TIMES INDUSTRIALS Thursday 402.3 Wednesday 402.1 Week Ago 389.7 DOW JONES AVERAGE INDUSTRIALS Thursday 932 60 Wednesaiur 038.25 Week Ago 937 92 LONDON DOLLAR PREMIUM Thursday 107H to 1081%* Wednesday 114* to 114*% H.K. HANG SENG Thursday 430 34 Wednesday 434 38 Week Ago 439.54 SYDNEY INDUSTRIALS Thursday69 words
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Page 7 Advertisements
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Advertisement426 1977-02-26 7 ...THE SYNTGHCON The Syntoplcon now makes It possible for anyone to "ask" great thinkers such as Plato, Aristotle, Tolstoy, and Freud about love, art, democracy, justice or almost any topic conceived by the human mind. The Syntopicon can guide your hand to the proper volume. Your eyes are directed to426 words
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COMMODITY REPORTS AND PRICES
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Article599 1977-02-26 8 HIGHER overseas advices produced a fractionally firmer opening In the Singapore rubber market yesterday, and prices then fluctuated marginally either way In quiet 8 trading, dealers said. The market closed quiet with March RSS one buyers quoted at 200.25 cents per kilo, up 1.25 cents599 words
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Article28 1977-02-26 8 Rubber: Feb 25 Singapore: 200.25 cents (up 1.25 cts.) Malaysia: 204.50 cents (up 1.50 cts) Tin: $1,540.12>4 (down $20.00) Official offering: 184 tonnes (up 25 tonnes)28 words
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Article282 1977-02-26 8 IN the Singapore gold market yesterday the kilobar was lightly traded in the range of 5511,220 to 5511,250. Following the rise in European and US gold markets where gold crossed the US $140.00 mark, the loco London was dealt in the range of US $141.00 to $141.50 with a282 words
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Article107 1977-02-26 8 CHICAGO. Thurs. Soybean futures closed 10 to four cents a bushel higher. Farmer selling overnight and during the session was well below Wednesday's levels. The Census Bureau reported a crush of 71.7 million bushels In January, versus 72.7 million in December, and a decline In soybean stocks at mills107 words
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Article105 1977-02-26 8 DAILY SSR and SMR price* at noon yeaterday: Mar. AprR.A.S. (Curmt Mth) (For ward Mth) Buyer* Seller* Buyer Seller* (cei its per k«) (ee« it* per kf) SSR 20 (1—ton Pallet) 188 00 190 008 189.50 191.SON SSR 50 (1-ton Pallet) 185.50 187.SON 187.00 180.OON M.R.E.L.B. SMR105 words
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Article110 1977-02-26 8 The following Palm Otl prices were quoted in London on Thursday The prices are elf Rotterdam and are quoted in US dollar per ton unless otherwise stated Malaysia 5% ffa bulk Tkunday Pr«*. 512 sir Apl/May 515 sir Sumatra 5% 520* Feb unch Mch unch 525 sir Apl110 words
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Article104 1977-02-26 8 CHICAGO, Thurs. Wheat futures closed l l to two cents a bushel higher but below the day's highs. Some buying interest was stimulated by the reports of severe dust storms in the Central Plains but snow In spring wheat areas and extended forecasts of rain in winter wheat areas104 words
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Article169 1977-02-26 8 THE Straits tin price In Penang yesterday was down $20 to $1,540.12* on an official up 25 tonnes to 184 tonnes. In NEW YORK on Thursday, tin prices here eased slightly with most traders quoting grade "A" tin for Immediate through May shipment in a range between $4.77169 words
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Article60 1977-02-26 8 LONDON, Frl. Zinc declined by up to £3 per tonne in the morning. After meeting hedge selling which took Three Months down to £435 per tonne before scattered covering steadied the £436.50. Sales of 2,900 tonnes were mainly carries. A modest rise Is looked for In stocks this week.60 words
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Article64 1977-02-26 8 LONDON, Frl. Lead had losses of up to £1.50 per tonne, In the morning. The market was steady during early Ring dealings with Three Months trading up to £427.50 per tonne. Profit-taking and hedge selling soon emerged, however, and this position finished trading at £425. Sales of 4,900 tonnes64 words
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Article221 1977-02-26 8 BANGKOK, Fri. Indicative prices for rice quoted were: US dollars per tonne fob basis Bangkok White Rice: 100 per cent Ist class 282 100 per cent 2nd 267 100 per cent 3rd 282 5 per cent 254 10 per cent 233 15 per cent 230 20 per cent 227221 words
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Article268 1977-02-26 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk 887 v, sellers, old drum 892 W sellers, new drum 897W sellers Copra: Mixed (loose) UK/Cont. 858 buyers. Pepper: Muntok AST A white f.o.b. 100* NLW 8355 seUers. Sarawak white f ob 98* NLW 8335268 words
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Article240 1977-02-26 8 LONDON, Frl. Robusta futures Jumped a massive £45 per tonne above Thursday night's close In early active opening call trading with May traded at £4,000 per tonne. At the end call however, values had been pared under profit-taking and closed £245 to £262 per tonne up from Thursday night.240 words
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412 1977-02-26 8 AN easier trend has prevailed In the Malaysian and Singapore rubber markets during the two weeks under review, lopping some seven cents off prices, said Holiday, Cutler Bath. Quiet trading was experienced before the Chinese New Year as levels were maintained following weakness412 words
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Article242 1977-02-26 8 LONDON, Fri. Copper wlrebars finished the morning showing losses of £0.50 for Cash and £1 for Three Months. The lower levels attracted some short-covering supG>rt however, and Three onths traded from a premarket low of £868 up to a Ring high of £873.50 per tonne. Sales of 7,025 tonnes242 words
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Article267 1977-02-26 8 LONDON, Frl. Sliver had losses of 0.5 to 0.9 pence per troy ounce in the morning following the trend In gold, trade sources said. After trading up to 279.5 pence for Three Months In the premarket, values drifted lower In line with gold and the trend In base metals267 words
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Article158 1977-02-26 8 LONDON, Frl. Futures opened £0.15 to £1.25 per tonne higher over Thursday's close. Sales totalled 957 lots. The London dally raws prices was raised £2 to £121 and the whites price was up £1 at £133 per tonne. On Thursday afternoon, futures were steadier with trade buying and shortcovering,158 words
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MONEY AND EXCHANGES
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Article488 1977-02-26 8 TWO currencies came under heavy speculative buying pressure yesterday in Singapore's foreign exchange market, especially after the London opening in the afternoon, dealers said. Japanese yen In particular Jumped about 100 points against the US unit following remarks made by Japan's Prime Minister T. Fukuda that the monetary authorities488 words
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Article156 1977-02-26 8 Asian rates ASIAN currency deposit Interbank rates as at close on Feb 2S 18 Dollar (Spat) Offer Bid 7 days 4 7/B 4 3/4 1 mth 5 3/16 51/16 2 mths 51/8 5 3 mths 5 1/4 5 1/8 6 mths 5 3/4 5 5/8 6 mths 5 5/16 513/16156 words
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Article20 1977-02-26 8 offered by ditto 23 9 3% CloaiM Buv 8.1UM 1/1 V* 17/1 37/1 4 41/4 Source: National Discount Co20 words
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Article166 1977-02-26 8 Euro rates LONDON, Frl. Day to day Eurodollar deposits opened little changed while periods were basically steady In quiet pre-weekend trading, dealers said. The Introduction of a Friday end of period made for a 1/4 sain In One Month Initially while the loss of the same technicality saw Two Months166 words
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Article244 1977-02-26 8 LONDON, Frl. The yen advanced strongly in hectic early trading following remarks by Japanese Prime Minister Fukuda that a gradual rise in the value of the yen Is desirable, dealers said. It moved to 281.60/90 yen to the dollar at one stage before slipping to around 282.00 yen on244 words
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Article116 1977-02-26 8 NEW YORK, Thurs. The dollar closed stronger on balance as the Swiss franc and Canadian dollar both fell sharply In active trading here, dealers said. The dollar was aided by expectations of higher US short-term interest rates resulting from President Carter's Increased budget deficit which appear to outweigh116 words
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Article60 1977-02-26 8 TOKYO, Frl. The US dollar for overnight delivery closed moderately lower at 283.20 yen compared with 283.50 yen at the opening and 283.30 yen at Thursday's close. Dollars for immediate delivery closed at 283.01. Forward dollar rates closed barely steady with volume $109 million. One Month was traded at60 words
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Article106 1977-02-26 8 HONGKONG, Frl. The German mark firmed In afternoon trading against the US dollar to 2.3990/4000 In late business compared with a low at one stage of 2.4037/4045 and the opening 2.4010/4020, dealers said. Sterling was broadly steady throughout the day and closed around U551.7075/7085. The US unit was quoted106 words
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Article104 1977-02-26 8 Results of Treasury Bills tender held on Feb 28, 1®77. 81-day Bills to be Issued 182 -day BUU 304-day BUU from Feb 28 to be issued to on Feb 28 to be issued Mar 4 on Marl Offered: t30.000.000 $20,000,000 820.000.000 Applied for: S73.7S0.000 845.500.000 8S0.S00.000 Allotted:104 words
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Article57 1977-02-26 8 Minimum lending rates (in ACBC 6%. First Chicago Algemene Bank 6% Citibank 6*. 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 .7OUB Chartered Bank 6 V UCB 7 Chase57 words
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Article53 1977-02-26 8 AUSTRALIA/ NZ exchanges quoted on Feb 25 Australia: Sterling 0.6447/ 0.6377 US dollar 1.0974/ 1 0926 Ninety-day air mall buying rates: Sterling 0.6708 US dollars 1.1224 Ninety-day forward buying rates: Sterling 0.6544 US dollars 1.0926 New Zealand: Sterling 0.5591/ 0.5560 US dollar 0.9596/ 0.9496 Ninety-day forward rate: Sterling 0.591453 words
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Article42 1977-02-26 8 ZURICH exchanges closing quotes on Feb 24. US 2.5445 5455 UK 4.3465-3500 Can 2.4475-4495 W Germ 105.83-92 Neth 101.50-60 France 51.00-51.04 Belg 6.89-Vi.9o-y« Oenm 43.09-13 Norw 48.04-08 Swed 59.93-98 Italy 0.2881-2884 Austria 14.90-92 Port 7.73-76 Spain 3.67-*-68-* Arg 0.75-90 Japan 0.89-^.-90-%42 words
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Article32 1977-02-26 8 FRANKFURT exchanges opening quotes on Feb 25. US 2.4005/20 2.4033/43) Can 2.3055/75 UK 4.090/105 Neth 95.80/95 Swltz 94.20/35 Italy 2.715/730 France 48.10/25 Norw 45.32/40 Belgium 6.515/530 Belg Fin 6.51/53 Japan 0.8515/30.32 words
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Article266 1977-02-26 8 LONDON, Frl. Bonds were virtually unchanged in quiet end of month trading, dealers said. US dollar convertibles were slightly easier while Japanese Issues were steady to fractionally firmer where changed. Eurobond prices quoted on Feb 25. STRAIGHTS BID OFFER Alcan 9 WPc 1968 BFCE8%Pc 1993 Brascan 9%Pc Charbonnate266 words
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Page 8 Advertisements
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Advertisement152 1977-02-26 8 TOP EXECUTIVE how to achieve it how to hold it...TODAY... ...is for YOU the 3L younger executive This forceful, fast-reading new Guide exposes the |p|> I dynamic strategies seldom openly discussed and almost unknown to the younger man who needs Now you can learn: how to create and project the152 words
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TRANSPORT AND COMMUNICATIONS
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299 1977-02-26 9 Shipyards In the European Economic Community (EEC) have at last taken more orders with home yards than with yards in Japan. According to the latest Issue of World Ships on Order, a supplement to Falrplay International, figures for the quarter of Nov 1299 words
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Article188 1977-02-26 9 UNITOR Ships Service of Oslo and Atlas Copco of Stockholm have reached an agreement where Unltor will market compressed air equipment from the Swedish company to the international merchant fleet and offshore industry. Unltor's world-wide distribution network comprises 35 branch offices and more than a hundred188 words
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91 1977-02-26 9 CATERPILLAR Far East will be holding a three-week series of conferences here entitled "1977 Caterpillar Earthmovlng Conference", starting on March 14. There will be more than 500 participants, from 12 countries including Australia, Bangladesh, Hongkong, India, Korea, Taiwan and Thailand. These will be engineers, bankers, government91 words
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122 1977-02-26 9 PHILIPPINE AIRLINES will boost Its trans-Paclflc cargo capacity by more than 360,000 kg monthly with the operation of a McDonnell Douglas DC-8 freighter starting this Tuesday. The DC-8 freighter is scheduled to fly twice weekly In March and thrice weekly In April between Manila. Honolulu122 words
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Article, Illustration1085 1977-02-26 9 PETER CARTWRIGHT - HIGHER oil price* and stiffer pollution rules have stepped up the hunt for the secrets of more efficient energy use. For the winners, rewards will be immense. The Japanese now lead the field; British engineers also have bold ideas, butFinancial Times News Features - 1,085 words
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Article400 1977-02-26 9 TERESA LIM - »r TERESA LIM THE electromobile has been described as a "magic means of transport" noiseless, non-polluting, ready for work even in extreme weather conditions and independent of transmission gear-boxes. It is easy to see why it has generated so much enthusiasm. But research on this magic-mobile400 words
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Article, Illustration328 1977-02-26 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Alexandr Vermlshev (1500 after Talkoh Maru) 13/14 Bencruachan (1000 must head east) (T/L L UTM/L) 33/34 Ende (0700 subject freeboard) (after Ocean II) 27 JolnvlUe (0800 after La Rioja) 1/2 PASIR PANJANG WHARVES Fortune Victory (0600 18/2) (840 968) CB 2/3 Htan Taw328 words
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Article185 1977-02-26 9 AP LONDON, Frl. Chartering opened up to embrace a wider range of trades and commodities yesterday but the overall volume of reported business remained rather small. US Oulf grain rates held steadv at USS9.SO (5523.27> (FIO) for a 26,000-ton March 3 to 13 shipment to Japan byAP - 185 words
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Article591 1977-02-26 9 ARRIVALS Service Local Operator Number Time From CAL CI333 0040 TPE/HKG/KUL MAS MH682 0810 KCH JAL JL712 1000 HLP CAL CI814 1000 HLP SIA SQ211 1010 HLP OIA OA980 1030 HLP CPA CX710 1030 HLP THAI TC 423 1035 BKK OIA OA0O6 1100 MES RBA BI325 1155591 words
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Page 9 Advertisements
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Advertisement438 1977-02-26 9 MANUFACTURING The phormoceuticol industry a bitter pill: Manufacturers are finding the many problems besetting the industry a bit difficult to swallow TRADE The links are there, the gains evident: While there is certainly no doubt that Singapore's trade with China will improve with political recognition, there is still some fear438 words
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Article, Illustration1342 1977-02-26 10 RUTH CRUBER - RUTH CRUBER UPI LESS than a decade ago Belgium was riding an economic boom that showed few signs of fading. Headquarters of the Common Market, Nato and International business, Brussels seemed, economically as well as politically, "the Capital of Europe.' 1 CheapUPI - 1,342 words
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1081 1977-02-26 10 DAVID LASCILLES - •r DAVID LASCILLES Financial Times THE SOVIET plan to encourage wider International use of "transferable rouble" the East bloc's closest thing to a convertible currency has sent ripples through Western banking circles. Was the announcement, made last autumn, the first crack in the ImpermeableFinancial Times - 1,081 words
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Article, Illustration1115 1977-02-26 10 RAY MOSELEY - By RAY MOSELEY EUROPE'S population growth is gradually coming to a halt, to the consternation of many governments, and experts forecast the trend will continue Into the 21st Century. In four countries West Germany, Britain, Austria and switzeriano1,115 words
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633 1977-02-26 10 MICHAEL TINGAY - By MICHAEL TINGAY PICKING up the English language publications in an average week, the businessman visiting Cairo would bo deluged with facta and figures on matters economic. Only the recent riots, dominating the news, succeeded in pushing aside the usual barrage of items on633 words
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Page 10 Advertisements
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Advertisement342 1977-02-26 10 APPOINTMENTS INSTITUTE OF SOUTHEAST ASIAN STUDIES Applications are invited for the post of: EXECUTIVE OFFICER CLASS I QvalMcatiom and Experience: (i) A Degree (Accountancy, Business Administration, Commerce) from a recognised University; or (ii) A Professional Certificate in Accountancy acceptable to the Institute; or (iii) A good G.C.E. 'A' Level Certificate342 words
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Advertisement271 1977-02-26 10 SALES EXECUTIVE We are a leading supplier of construction equipment and invite applications from suitable Singapore citizens for the above position. Responsibilities To manage a team of salesmen and negotiate with customers at all levels. Qualifications Applicants must have at least some experience in earthmoving and construction machinery or industrial271 words
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Page 11 Advertisements
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Advertisement471 1977-02-26 11 How advertisers can mount a campaign aimed at businessmen Tactical information from Business Times V •jf w »r W* \i wNfr > u </ 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 readership471 words
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448 1977-02-26 12 Reuter TOKYO, Frl. Japan today refused to recognise a unilateral announcement by the Soviet Union Including In Its new 320-km fishing sone the waters off four Russian-held Islands claimed by Japan. Prime Minister Takeo Fukuda has said the same watersReuter - 448 words
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245 1977-02-26 12 Reuter NEW YORK, Frl. Most European currencies are trading at levels which discount approximately this year's projected inflation rate differentials except the Swedish crown, the Italian lira and the French franc, Morgan Guaranty Trust Co said. French Inflation is expected to be relatively modest thisReuter - 245 words
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Article158 1977-02-26 12 Reuter LONDON, Frl. The British Labour Government today promised all-party talks to try to save its Bill giving limited home rule to Scotland and Wales, after a crushing defeat on the measure earlier this week. The Bill had become hopelessly bogged down in Parliament, butReuter - 158 words
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Article711 1977-02-26 12 LONDON, Frl. End-count profit-taking and lack of Interest made for an easier tendency today, dealers said. At 3p.m., the Financial Times Index was down 3.8 at 398.5. Short-dated government bonds were steady to 3/16 harder on bear covering and small buying In anticipation of lower Interest rates next711 words
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126 1977-02-26 12 Reuter MANILA, Frl. Philippines Energy Development Board chairman Geronimo Velasco said Investment in oil exploration In the Philippines this year would reach US$lOO million (***** million). He said In a television interview it was government policy to Intensify oil exploration and theReuter - 126 words
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Article82 1977-02-26 12 THE High Court wUI sit on March 10 to hear an appeal by the Public Prosecutor against a magistrate's ruling in late January that the legislation covering the operation of the Restricted Zone traffic scheme in the Central Business District is illegal. The Government will contend82 words
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Article75 1977-02-26 12 A HOUSE painter Teng Ah Bee, now serving a fourmonth iail sentence for criminally defaming the Prime Minister during the elections, was ordered by the High Court yesterday to pay damages to Mr Lee Kuan Yew under a separate civil suit filed by the Prime Minister75 words
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Article42 1977-02-26 12 SING Guan construction (a company under receivership) has filed a suit In the High Court for $1,804,427.16, alleging that It is money due and owing from Hui Hoo Kwee and Low Tuan Tee (trading as Sin Guan Construction co.).42 words
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1013 1977-02-26 12 MALAYSIAN businessman Mr. Yap Chin Kwee was yesterday named as the link-man In the meeting between Leong Mun Kwai, secretary-general of the People's Front, and the Malaysian politician Implicated In the plot to topple the Singapore Government. Before going into business, Mr.1,013 words
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Article, Illustration22 1977-02-26 12 Asean foreign ministers signing the agreement to establish preferential trading among the member nations. UPI photo. UPI photoUPI photo - 22 words
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387 1977-02-26 12 Users will agree to Straits pact Raja Reuter MANILA, Fri. Singapore's Foreign Minister Mr. S. Rajaratnam said today he believed the shipping users of the Malacca and Singapore Straits would be amenable to financing Measures to improve the safety of navigation and establish a traffic separation system there. He wasReuter - 387 words
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Article409 1977-02-26 12 KUALA LUMPUR, Frl. A new political party with a labour bias is being considered by the MTUC with an eye on the next general election. The MTUC Secretariat Is now working out the details, including the need for Involvement of labour In politics and the409 words
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258 1977-02-26 12 DEGANI, a local firm which has established links with Europe, the US and Canada, has Joined the International money broking club In Singapore. Deganl has recently been listed by the Monetary Authority of Singapore as one of the six international money brokers In Singapore.258 words
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155 1977-02-26 12 THE Singapore oil Industry will gear itself towards greater sophistication and a higher degree of integration In the late seventies and the eighties, according to a monthly Journal of the National Trades Union Congress recently. The NTUC Perjuangan sald that the industry will155 words
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Article54 1977-02-26 12 UPI HONGKONG, Frl. China's Vice Premier LI Hslen-nlen yesterday met with Vietnamese Vice Minister of Foreign Trade Nguyen Chanh In Peking, the New China News Agency said. The Agency said the two, and the Vietnamese Ambassador to China Nguyen Trong Vlnh, had "a cordial and friendly conversation" andUPI - 54 words
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Article268 1977-02-26 12 KUALA LUMPUR, Fri. Japan's economic relation! with Malaysia and the Asean region will come under review in top level talks here next week. This will be the major topic for discussions between the Japanese Vice Minister of International Trade and Industry, Mr. Minoru Masuda, and268 words
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252 1977-02-26 12 Reuter ZURICH, FYI. The Swiss franc extended Its sharp decline, falling in hectic mld-mornlng trading to 2.5505/15 to the dollar from the opening 2.5365/80 and yesterday's 2.5285/93 close. The fall appears due to the unattractively low level of Swiss Interest rates, commercial demand forReuter - 252 words
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Article244 1977-02-26 12 A TWO-MEMBER American team will begin negotiations on Monday with Singapore Government representatives on the longstalled air services agreement between the two countries. Business Times understands that the American team will be led by Mr. Robert A. Brown, chief, Aviation Negotiation, US State Department. He244 words
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Article78 1977-02-26 12 UPI NEW YORK, Frl. Premier Rupert Hamer of Victoria, Australia, met yesterday with Chase Mahhattan Bank chairman David Rockefeller and Representatives of 30 US corporations to discuss Investment opportunities in the Australian state. The meeting, at Chase's Wall Street headquarters, highlighted the specific areas of energy, investmentUPI - 78 words
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Page 12 Advertisements
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Advertisement355 1977-02-26 12 Good reading on from Penguin China the most populous nation in the world. Fast emerging as a major power in world politics. Isolated from the rest of the world for over two decades, world attention has nevertheless turned to this most enigmatic of nations time and again. Starting with Nixon,355 words
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