The Business Times, 5 March 1977
1977-03-05
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The Business Times
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Title Section10 1977-03-05 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, MARCH 5, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article106 1977-03-05 1 UPI LONDON, Frl. Prime Minister James Callaghan said today he expects world economic problems and the Western economic summit conference in London in May to be the main topics of his talks with President Carter In Washington next week. "Our main theme," he said in a talkUPI - 106 words
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Article72 1977-03-05 1 AP TOKYO, Frl. Japan and China today wound up the three-day meeting of their Joint committee on trade after discussing ways to expand their sluggish bilateral trade. No agreement was reached on Chinese exports of steel, oil plants, textiles and fertilisers which came up in a subcommitteeAP - 72 words
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Article76 1977-03-05 1 UPI JAKARTA, Frl. The Indonesian government considers the satellite bribery scandal involving high ranking officials of the Directorate General of Telecommunications closed, on the basis of formal documents received. Communications Minister Emil Salim told newsmen today. The alleged multi-million dollar payoffs were, according to press reports, madeUPI - 76 words
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Article60 1977-03-05 1 Reuter BRUSSELS, Frl. Belgium was hit by a wave of 24-hour strikes today as 380,000 workers protested against the Government's economic policies. The stoppages shut all tram, bus and metro services in major towns while private Industry and some train services were affected in the Belgian provincesReuter - 60 words
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Article58 1977-03-05 1 KUALA LUMPUR, Fri. A twelve-member Belgian investment mission arrived here today for an eight-day visit to study the possibility of closer trade relations and co-operation with Malaysia. The mission is oranlsed by Fabrlmetal, the federation of about 220 companies involved In the metal processing, mechanical and58 words
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Article48 1977-03-05 1 UPI BRUSSELS, Fri. Sabena Belgian World Airlines denied strongly yesterday of any Involvement in alleged improper corporate payments by the Boeing Aircraft Co. The US Securities and Exchange Commission cited Sabena as one of 52 Boeing customers currently under investigation for possibly receiving improper payments. UPIUPI - 48 words
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Article32 1977-03-05 1 AP BANGKOK, Fri. The first Vientiane-Hanoi passenger flight by an aircraft of the Lao National Civil Aviation Department arrived in Hanoi yesterday, the Voice of Vietnam said today. APAP - 32 words
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Article42 1977-03-05 1 UPI NEW YORK, Frl. Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 Indus 951.21, up 2.57, 20 transp 224.34, up 0.34; 15 utils 106.60, up 0.07; 65 stocks 310.15, ud 0.64. UPIUPI - 42 words
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Chief Price Changes
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Article, Illustration171 1977-03-05 1 SENTIMENT at the Stock Exchange of Singapore improved slightly yesterday and marginal gains were recorded across a wide front. Option trading ended on a mixed note. Reflecting the better trend, the Business Times index rose 2.34 points to 262.67 while the Straits Times Industrial average was up171 words
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Article109 1977-03-05 1 Rises Most active A. Hltam Tin A. Amal Kramat Berjuntal Tronoh Sel. Dradglng Wearnes Kempas(M) $12 50 +.1.30 3.78 +.14 3.70 +.14 $13.40 +.10 3 30 .10 4 96 +.08 3 02 .06 2 70 06 Highland L'land 03,000 Haw Par 70.000 Gen tin n 63,000 General109 words
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1064 1977-03-05 1 SOH TIANG KENG - 1976 PAYMENTS SURPLUS Bv SOH TIANG KENG SINGAPORE'S balance of payments its record of trade and financial dealings with the rest of the world has survived the triple blows of recession, energy squeeze and double-digit inflation. Its international payments position is basically sound and1,064 words
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139 1977-03-05 1 KUALA LUMPUR. Fri. Malaysia ha» joined an exclusive club of borrowers who can pay only 1 1/8 per cent over the London interbank rate for a seven-year Euro-currency loan. Bankers here expressed surprise and described the rate as extremely favourable. Most were expecting a139 words
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415 1977-03-05 1 HARD on the heels of a scrip issue of one-for-thref and a rights of one-for-two at M 93 each, Malayan Banking has reported a creditable advance In earnings for the first six months ended Dec 31. 1970. The bank reported yesterday that It415 words
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Article270 1977-03-05 1 BAHRAIN, Fri. Saudi Arabia is trying to marshal support from other Gulf oilproducing states to blacklist foreign companies believed to be conspiring to Inflate prices, Informed sources said here today. The campaign gained immediate acceptance In Bahrain where It was announced after talks yesterday with270 words
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Article236 1977-03-05 1 AP Reuter LONDON, Frt. The International Tin Council (ITC) -today decided to set up a group of experts to work out a permanent iystem of reviewing the floor and celling prices of Its buffer stock ranges. This system, said council sources, would In principle lead*AP; Reuter - 236 words
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250 1977-03-05 1 BY 1980, the warehousing complex at Paslr Panjang will be the biggest in this region boosting Singapore's efforts to be the warehousing and distribution centre in South-east Asia. "Although this project was financed by the Asian Development Bank which calls for foreign consultancy," said250 words
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Article160 1977-03-05 1 THE cioeed door talks on an air services agreement between Singapore and the US have ended with no agreement reached. They will be reconvened in three to four months' time in Washington. Five days were set aside for the talks, which began on Monday,160 words
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Article80 1977-03-05 1 A BIG British hotel group is believed to be planning to participate in a joint venture with local interests to build a $100 million hotel in Singapore's commercial district. With the hotel sector enjoying an average occupancy rate of nearly 80 per cent, Trust Houses Forte, a80 words
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Article46 1977-03-05 1 AMERICAN Express International filed a suit at the High Court yesterday against Mr. Eddie Lien Kok wah, son of the chairman of Overseas Union Bank, Mr. Lien Ying Chow, for $11,060.32 being alleged expenses Incurred on behalf of and services rendered to Eddie Lien.46 words
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531 1977-03-05 1 THE Far Eastern Freight Conference (FEFC) stands firm by Its decision to ship the whole of Malaysia's bulk latex trade to Europe If It Is given 90 per cent or the dry rubber trade. This was stated by Mr. Keith Reynolds, leader531 words
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Article120 1977-03-05 1 JOHANNESBURG, Fri. The Rhodeslan Government, with black support, today won the approval of Parliament for Its plans to give a greater share of the white-ruled country to Its black majority. Three black opposition Members of Parliament helped the Government overcome a revolt by 12 members of the120 words
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Page 1 Advertisements
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Advertisement63 1977-03-05 1 [r— ————w fur 11 inr H- \I Sett iltd(n "i h'ine-l'ut Diamonds A t. J<h tlhr\ I til Magnilu < 'it i rjfts>nan\hi/> 5 11 CeyloriJewetters It Stamford M., linfwon 6. T«4: *****5/329M7. INSIDE Market review*/ TV 4 Radio Overseas newt Local Co news International Co news Local stocks Overseas63 words
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Advertisement94 1977-03-05 1 I <|| L i L tlM I Bcaun Synchron Plus Braun's Synchron Plus. For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern of cutting holes and94 words
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Advertisement113 1977-03-05 1 LOHIGH V /JA IHEELEGJUfTUKH mm Calling all industrialists 8 .1 i. If you need a factory or a warehouse, now is the time to buy Prices are at rock bottom. Finance is available now. Why rent when it costs no more to buy. Why build when cheaper premises are available113 words
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MARKET REVIEW
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Article656 1977-03-05 2 KUALA LUMPUR APART from yesterday when Interest was turned on tin shares, this week was Just as lifeless as the previous five trading days for the Kuala Lumpur Stock Exchange. The Interest in tin shares was awakened yesterday following a resumption of the uptrend In656 words
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227 1977-03-05 2 RONALD LAM - Compiled by RONALD LAM SCRIP ISSUE Gen ting Highlands Hotel: One-for-one, capitalising MJ50.15 million. (Figures In brackets are for previous corresponding period) •Adjusted for any intervening scrip issue. M$ Malaysian rlngglt. S$ Singapore dollar. A After tax. TE Tax exempt, (a) 5227 words
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Article352 1977-03-05 2 IVAN FALLON - LONDON ■y IVAN FALLON THE BULL market in London has lasted for at least another week despite the deepening misery at British Leyland, rapidly descending into chaos as the only British-owned major carmaker is paralysed by strikes. The market increasingly reflects more of the good352 words
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247 1977-03-05 2 TO THE great relief of Harrisons and Crosfleld, not to mention M and G, the shares of Harrisons Malaysian Estates (HME) moved up to 55p this week against the uninspiring 48p they opened at. At this level, the value of the bid for Golden247 words
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Article380 1977-03-05 2 THE 810 trend among British companies these days Is to move Into what they see as the one big free enterprise market left: the US. In the past year, over twenty UK companies have made acquisitions there, and this week we had Beecham making a US$B2380 words
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Article188 1977-03-05 2 THE announcement that China had sold 80 tonnes of gold on the London market, and might sell some more, might be expected to be a depressing factor on the gold price. Instead, it turned out to be the signal for the price to take off, which it188 words
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Article686 1977-03-05 2 THE Singapore Stock Exchange witnessed yet another period of dull trading this week with prices hovering within narrow limits to finish practically unchanged on most fronts. It was one of those times which brokers and dealers generally attribute to a market going through its consolidation phase. Chart and moving686 words
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Article419 1977-03-05 2 Reuter THE upsurge In oversew metal prices and the continuing flood of impressive corporate performances gave a timely shot In the arm to the Sydney stock market this week. The result of the latest IMF gold auction and the strong demand for base metals were the main factors InfluencingReuter - 419 words
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233 1977-03-05 2 Reuter CAPE TOWN, Fri. South African Finance Minister Owen Horwood said in statement he expects the price of gold to be erratic over the coming months. But he noted the trend over the past few weeks has been upward, which he saidReuter - 233 words
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188 1977-03-05 2 Reuter LONDON, Fri. Jack Jones, leader of Britain's largest union, the transport and general said the Government should introduce a statutory general price freeze before the March 29 budget,applying to both private and nationalised Industries. In a statement after the union's council meeting, he saidReuter - 188 words
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301 1977-03-05 2 Reuter WASHINGTON, Frl. Treasury Secretary Michael Blumenthal said the Carter administration has no intention of imposing price controls nor would the antl-lnflatlon programme concentrate largely on an Incomes policy. He said first, the Federal Government will make a prompt review of allReuter - 301 words
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Article261 1977-03-05 2 Reuter WASHINGTON, Fri. West Germany could start to run a current account deficit In future despite the present strength of the mark on foreign exchange markets, Mr. Juergen Ponto, chief executive of Dresdner Bank said. Mr. Ponto told a press conference the strength ofReuter - 261 words
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Article191 1977-03-05 2 Reuter NEW YORK, Frl. Consumers generally are optimistic about US economic prospects despite the rise in the Inflation rate recently as a result of the unusually severe winter, the Conference Board said. The Industry-financed economic research organisation said more than 29 per cent of the familiesReuter - 191 words
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Article52 1977-03-05 2 TAIPEI, Frl. The Taiwan Power Company (Talpower) has secured a US$2O million (Ss49 million) loan from seven foreign banks for Its power expansion project, a Talpower spokesman said yesterday. The loan, for which the Finance Ministry serves as a guarantor, will be repayable In six and a52 words
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Page 2 Advertisements
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Advertisement189 1977-03-05 2 e- "~r_ -«jJ» j 1 r MONTHLY ECONOMIC REPORTS With monthly political tupplomont for UP-TO-DATE HANDY REFERENCE S S ASM RESEARCH BULLETIN This unique pubficotion offers businessmen eoch month a comprehensive guide to the latest developments that hove taken ploce in all important sectors of the economies of countries in189 words
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Page 2 Miscellaneous
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Miscellaneous47 1977-03-05 2 a WEATHER report for 24 hours prior to 7.30 p.m. on March 4 at Singapore airport. Maximum temperature Associated humidity Minimum tempsrature B,s Associated humidity Moun of sunshine .eeeeeeeeeeeeeeeeee 6.W Rainfall in millimetres tra Total rainfoll for the month 12.2 Total rainy days for the month 247 words
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Miscellaneous346 1977-03-05 2 RADIO TV SINGAPORE 5 1.05 P.M. Opening Announcements followed by "Sesame Street" 0 2.05 Saturday Matinee "Payment On Demand" Starring: Bette Davis, Barry Sullivan, Jane Cowl 3.35 What's My .Line 3.55 World Cup Soccer "Singapore vs Thailand" (English) 4.55 Sandiwara (r) A Malay drama 5.40 Joe Forrester "Target: Mexican Syndicate"346 words
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OVERSEAS
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671 1977-03-05 3 'IMPORTS POSE SERIOUS HARM' AP WASHINGTON, Fri. The US International Trade Commission voted 5-1 yesterday In favour of a finding that Imports of foreign sugar threaten serious harm to American sugar producers. The commission made no Immediate recommendation on what should be done aboutAP - 671 words
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364 1977-03-05 3 UPI WASHINGTON, Frl. Adverse reaction to the political situation In India Is endangering Congressional support for a three-year. US$2.4 billion (555.9 billion) commitment to the International Development Association, Senator Hubert Humphrey said yesterday. Sen. Humphrey predicted there would be strong Congressional oppositionUPI - 364 words
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Article262 1977-03-05 3 AP WASHINGTON, Frt. US President Carter's programme for stimulating the American economy passed preliminary tests In the Senate and House of Representatives yesterday. First the Senate, by voice vote, and then the House, on a 226-173 roll call, agreed to amend the budget for the currentAP - 262 words
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Article306 1977-03-05 3 Reuter LONDON, Frl. Powerful trade union leaders have arranged peace talks aimed at ending a strike which threatens the future of Britain's giant Leyland Motor Corporation. The union chiefs fixed a meeting with senior Leyland management for tomorrow to discuss the 11day unofficial walkout by 3,000 skilledReuter - 306 words
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161 1977-03-05 3 Reuter TOKYO, Fri. A syndicate of 20 Japanese banks signed an agreement with the Central Reserve Bank of Peru here yesterday to extend a combined yen and dollar loan totalling US$32 million (5178.7 million), a syndicate spokesman said. He said the loan isReuter - 161 words
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247 1977-03-05 3 Reuter Cairo, Frl. Foreign Ministers from more than 00 Arab and African countries will today seek a compromise on the amount of aid to be channelled Into African development by Arab oil states, conference sources said. Togo Foreign Minister Ed em KodjoReuter - 247 words
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Article66 1977-03-05 3 Reuter NEW YORK. Frl. The need for alternative energy resources to petroleum Is accelerating and the Industrialised world will look to the US for leadership, Exxon chairman Clifton told petroleum analysts. Mx. Oarvln said It Is logical for US petroleum companies to diversify Into coal, synthetics, nuclear,Reuter - 66 words
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Article214 1977-03-05 3 Reuter TOKYO, Frl. A US Presidential Commission led by Mr Leonard Woodcock will arrive In Hanoi In the middle of this month, the Vietnam news agency reported today. A Foreign Ministry spokesman quoted by the agency said Vietnam was "prepared to consider and settle withReuter - 214 words
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Article107 1977-03-05 3 Reuter Paris, Frl. The Finance Ministry said up to one billion francs of loans will be available to firms on special terms for investments which will lead to energy savings. It said a total of 500 million francs of long term loans will be made available throughReuter - 107 words
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286 1977-03-05 3 UPI BONN, Frl. Official lower unemployment and Inflation figures blunted opposition criticisms yesterday of Chancellor Helmut Schmidt's 1977 budget. Finance Minister Hans Apel rejected opposition Christian Democratic demands. He cut what he Insisted was an already tight 171.8 billion marks (SSI7S billion) budget byUPI - 286 words
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125 1977-03-05 3 Reuter ROME, Frl. Leaders of Italy's Trade Union Federation said they will call for a general strike of workers in southern Italy in protest against Inadequate Government policies for employment and industrial Investment in the area. The strike Is planned to takeReuter - 125 words
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Article92 1977-03-05 3 FRANKFURT became the number one cargo airport In Europe last year, reaching fourth position on the world ranking list behind New York's John F. Kennedy, Chicago's O'Hare and Los Angeles' airports, reports Lufthansa German Airlines. The airport handled 552,702 tonnes of cargo In 1976. 21.6 per92 words
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191 1977-03-05 3 UPI PARIS, Frl. France's plan to revive its economy will help restrain inflation and stimulate foreign trade but risks worsening unemployment, the Organisation for Economic Cooperation and Development said today. In its annual review of the French economy, OECD said the French government hadUPI - 191 words
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Article94 1977-03-05 3 Reuter PARIS, Frl. The Organisation for Economic Cooperation and Development (OECD) is likely to hold its annual ministerial meeting in the second half of June, international economic sources said. They said this means the Idea mooted by some countries of holding the meeting In late April, soReuter - 94 words
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Article150 1977-03-05 3 Reuter NEW YORK, Fri. World •tiger market sources nport that China purchased aa estimated 150,000 tin of raw sugar from operators la recent days at prices ranging between US$2OB <Ss6l2) to $215 a tonne. Although details of the business are sketchy at this time, the source*Reuter - 150 words
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329 1977-03-05 3 UPI VIENNA, Frl. The world's major oil exporters hope the new US administration will show a more positive approach toward developing countries, an official of the Organisation of Petroleum Exporting Countries said yesterday. Mr. Mohammed Yeganeh of Iran, the chairman of Opec's specialUPI - 329 words
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Article81 1977-03-05 3 Reuter LONDON, Frl. The Reuter commodity Index gained 5.0 points yesterday to reach a record 1,701.0 compared with 1,237.1 year ago. New record prices for several commodities helped boost the average to Its peak level. The Index has repeatedly made new highs since mldJanuary, spurred byReuter - 81 words
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Article138 1977-03-05 3 Reuter ZURICH, Fri. SwiUerland has agreed that the Swiss franc may be used in a British plan to Issue foreign currency bonds as part of a "safety net" scheme to cushion Britain against abrupt withdrawals by foreign holders of sterling, a national bank spokesmanReuter - 138 words
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Advertisement22 1977-03-05 3 m i explosive Kso> Th Sin e Sapo Hi "SUSS* X -a /«v \v^ V ©3 3d ;/ii z] B V lii22 words
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COMAPANY NEWS
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675 1977-03-05 4 ALTHOUGH shareholders have been forewarned, the steep 67 per cent decline In Sroup pre-tax profit at [ume industries (Malaysia) to M 5857,633 for the first six months ended Dec 31, 1976 represents a sharp let-down. This Is particularly so In view of675 words
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570 1977-03-05 4 ONCE again the hard worked Kuala Lumpur Stock Exchange is having to write to companies to provide essential Information for the guidance of the investing public. Last month shareholders in Malaysian Wood Wool Products and Quia Perak were presented with some question-raising570 words
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Article104 1977-03-05 4 HARPER Ollflllan has apKinted Mr. Allan Neil Macmaid to its board and the managing directorship of wholly-owned subsidiary Harper Ollflllan (Singapore). Mr. Herbert Anthony Nowell has been appointed a director of Oulnness Malaysia as well as to the boards of four of Its subsidiaries. They are Oulnness104 words
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Latest results
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Article192 1977-03-05 4 Consolidated pre-tax profit was M 527.5 million ($4.84 million) for the first halfyear ended Dec 31, 1976. Tax was $14.59 million ($3.01 million), leaving $12.91 million ($1.83 million). Tin ore output 47,999 plculs (20,811 plculs), sales 46,755 plculs (16,780 plculs). Average net price received per192 words
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COMPANY MEETINGS
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Article35 1977-03-05 4 THE following company meetings are due: Mar 7, 12 noon, at the v\m f nu/or T nhhu nf Ballroom, Lower Lobby or the Regent of Kuala Lumpur, Jalan Imbl, Kuala Lumpur.35 words
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18 1977-03-05 4 Mar 9. 12 noon, Registered Office, 3 m.s., Jalan Kluang, Batu Pahat, Johore.18 words
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Article12 1977-03-05 4 Mar 15, 2.30 p.m., 70 Jalan Ampang, Kuala Lumpur12 words
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Article16 1977-03-05 4 Mar 17, 11 a.m., Registered Office, 178-3 Jalan Sungel Besl, Kuala Lumpur.16 words
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Article19 1977-03-05 4 Mar 19, 12 noon, vr e Registered Office, No. 5 Jalan 203, Petallng Jaya, Selangor.19 words
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Article15 1977-03-05 4 Mar 21, 11 a.m., 13th Floor, Tunas Building, Anson Road, Singapore 2.15 words
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19 1977-03-05 4 Mar 23, 11 a.m., 11th Floor, Chartered Bank Building, 2 Jalan Ampang. Kuala Lumpur.19 words
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Article20 1977-03-05 4 Mar 25, 10.30 a.m.. Registered Office, 12th Floor, Fitzpatrlck's Building, 86 Jalan Raja Chulan, Kuala Lumpur.20 words
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Article13 1977-03-05 4 Mar 25, 12 noon, Registered Office, 14 Lokyang Way, Singapore 22.13 words
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Article784 1977-03-05 4 AFTER the severe setback in 1974/75, General Lumber has reported a more than two-fold improvement In group pre-tax profit to M 5202,000 for the year ended Sept 30, 1970 reflecting the better demand and prices for timber and timber products over the 12 months. Though the784 words
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Article264 1977-03-05 4 Current Ex Date Total for Total for payment Date payable the year previoua year M. Tobacco 35% Feb 7 Mar~18 50% 40% Wilkinson Ptoccm 15% Mar 7 Mar 24 20% 39.1%a Idrli Hyd 30%I Mar 25 80%I 71.5% T«n)ong Tin 13.3H1 Mar 25 2S.7%I 30.9% A. Amalgamated 30HI264 words
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955 1977-03-05 4 NYT RADNOR, (PA) Frl. Public concern over nearterm energy shortages seem to be relaxing In the east asthe severity of the winter's weather recedes with the appraoch of spring, but there has been no lessening of attention to long-term energy problems In thisNYT - 955 words
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109 1977-03-05 4 BARTLESVILLE, Frl. Phillips Petroleum's, Phillips Petroleum Co Indonesia said a discovery well on Salawati Island flowed at a dally rate of 4,100 barrels of oil through a 1/2 Inch choke. Phillips said the SalawaU D-Ix well, located on the Teluk Berau productionsharing contract area in Irian109 words
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369 1977-03-05 4 LONDON, Thurs. A pretax loss of £3.36 million against £3.34 million is reported by Town and City Properties for the six months to Sept 28, 1970, on gross income from all properties of £17.96 million compared with £16.97 million. Interest payable was slightly down369 words
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Article1554 1977-03-05 4 Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AtlR AtlR AtlR Avon Avon Avon Bank Am Bank Am Bank Am BethS BethS BethS Burroughs Burroughs Burroughs Burroughs Burroughs Cltlcp Cltlcp Cltlcp Cltlcp Del Air Del Air Del Air Del Air DowCh DowCh DowCh DowCh Disney1,554 words
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Advertisement203 1977-03-05 4 Have you got your copy of flie 1976/77 BUKU MERAII? i The complete filing cabinet on the Singapore business scene ALPHABETICAL INDEX OFFICIALS AND PUBLIC BODIES INFORMATION 0 V MHTMT ifl"| N-ZI The Straits Timet DIRECTORY OF SINGAPORE 1976-77 ■SES«BT a FRAStR It's the 1976/77 "Red Book" the office/library reference203 words
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INTERNATIONAL NEWS
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Article439 1977-03-05 5 STUTTGART, Frl. Record sales and production were achieved by DaimlerBenz last year, with group turnover rising two billion marks to over 23 billion marks. Domestic sales were more than 19 billion marks compared with 17.1 billion marks last time. The company said the Increase In439 words
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212 1977-03-05 5 Reuter MELBOURNE, Frl. Samln receiver-manager, Mr. Noel Buckley, invited offers for the purchase of the company's copper mine and treatment plant at Burnt, South Australia, as a going concern. Samln is a wholly-owned unit of Poseidon, of which Mr. Buckley Is alsoReuter - 212 words
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Article50 1977-03-05 5 NEW YORK, Frl. Avon Products Inc said its chairman, Mr. Fred O. Fusee, is retiring and company presldent, Mr. David W. Mitchell, will succeed him. Mr. Mitchell will remain as chief executive officer. The company said executive vice president, Mr. William R. Chaney. will succeed Mr. Mitchell as president.50 words
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Article257 1977-03-05 5 SYDNEY, Frl. Bougainville Copper has offered to pay higher copper concentrate smelting charges to Japanese copper smelters but on conditions, sources close to the company said here. The Japanese smelters have asked a number of copper exporters, including Bougainville, for higher smelting charges due to their257 words
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339 1977-03-05 5 NEW YORK, Fri. Foreign investors and foreign companies will be entering the US market In Increasing numbers for a long time to come, Mr. Franklin L. Gurley, general counsel of •Nestle Afimentana of Switzerland, said yesterday. He addressed the annual conference on antitrust339 words
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Article74 1977-03-05 5 Reuter HONGKONG, Fri. Luen Hlng Shlng Development said Its shareholders approved a scheme of arrangement whereby 4he company will become a wholly owned subsidiary of Sun Hung Kal properties. The scheme is now con- ditional on the sanction of the Supreme Court, which Is expected to holdReuter - 74 words
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235 1977-03-05 5 VIENNA, Frl.- Chemie Llnz, the foremost Austrian chemical concern, reports that in contrast to most other similar companies in Western Europe, which between 1974 and 1976 have had to reduce their output due to the changed world market situation, the Austrian concern managed to235 words
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Article106 1977-03-05 5 NEW YORK, Frl. Last year, General Dynamics achieved a 22.8 per cent rise In net profit to U5599.58 million ($Bl.B million) on a sales rise of 18.2 per cent to $2.55 billion ($2.16 billion). In the fourth quarter, net profit rose 18.7 per cent to $28.68106 words
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Article89 1977-03-05 5 Reuter HONGKONG, Fri. Unltex has raised the Interim dividend to 45 HK cents from 24 cents for the year ending June 30, 1977. The dividend is payable on March 30 to shareholders registered on March 16. The company gave no Interim profit figures but said results for theReuter - 89 words
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Article45 1977-03-05 5 LONDON, Fri. The YS Line (Cayman) US$25 million 7* per cent Issue due 1984 was priced at 99% per cent. Joint lead managers Nikko Securities (Europe) and Baring Brothers said. The notes are guaranteed by parent company Yamashlta Shlnnlhon Steamship and Sanwa Bank.45 words
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Article811 1977-03-05 5 STEVEN RATTNER - WITHHOLDING GAS CHARGE By STEVEN RATTNER NYT ANGERED by repeated statements in Washington that oil companies have been withholding natural gas, Shell oil had decided to take the offensive. It Invited Journalists on a whirlwind helicopter tour of four facilities In the Oulf of Mexico rangingNYT - 811 words
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Article229 1977-03-05 5 LONDON, Frl. Despite a 75 per cent lump In Interest charges, EMI has enjoyed a 24.2 per cent rise In pre-tax profit to £30.73 million (£29.56 million) In the first half-year ended Dec 31, 1976. The profit Increase was achieved on a 37 per cent lump229 words
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Article44 1977-03-05 5 LONDON, Frl. The Asahl Optical US$lO million, seml-prlvate convertible issue due 1992 Is expected tc have a coupon or 6tt per cent, Yamalchl International (Europe) said as Issue lead manager. Final terms for the Issue are likely to be settled around March 14.44 words
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188 1977-03-05 5 Reuter DOHA, Frl. The Emir of Qatar, Sheikh Khalifa bin Hamad Al-Tahnl, Issued decrees confirming the state takeover of Shell Oil's share In the state's offshore oilfields and approving the creation of a Shell-owned company to operate the fields on behalf of the Government.Reuter - 188 words
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Article171 1977-03-05 5 NEW YORK, Frl. Net profit at Gulf and Western Industries fell to U5535.15 million from $45.59 million In the second quarter ended Jan 31, 1977. This was despite a sales rise to $877.7 million from $816.4 million last time. The setback resulted In the company reporting a171 words
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Article193 1977-03-05 5 Reuter TOKYO, Frl. After-tax Sroflt at Canon Jumped to .6 billion yen from 819 million yen last year. Sales rose to 103.09 billion yen from 75.05 billion yen. With the buoyant results, Canon has raised the dividend to 5.5 yen from 2.5 yen. Managing director, Mr.Reuter - 193 words
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Article110 1977-03-05 5 Reuter STOCKHOLM, Frl. Svenska Kullagerfabrlken (SKF) has suffered a 41 per cent setback In net profit to 159 million crowns (268 million crowns) last year. Sales rose to 6.98 billion crowns from 6.85 billion crowns. It is maintalng the dividend at 4.50 crowns. The company said theReuter - 110 words
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344 1977-03-05 5 Reuter TOKYO, Frl. Tokvo Motor win shortly reorganise Its wholly-owned Australian subsidiary into a new Joint Australia-Japa-nese venture to build a US$4O million engine plant in Melbourne, Industry sources said. The new firm, renamed Toyota Manufacturing Australia (TMA) from Albury Trading, will be 45 ?er centReuter - 344 words
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Article65 1977-03-05 5 COPENHAGEN, Frl. East Asiatic Co. has enjoyed a big Jump in net profit from 153 million crowns to 269 million crowns on turnover of 20 billion (16.1 billion) crowns last year. The board said it will recommend an unchanged dividend of 12 per cent to the annual general meeting65 words
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322 1977-03-05 5 AP PITTSBURGH, PennysIvanla, Frl. An agreement In principle has been reached to settle a multl-bllllon-dollar lawsuit over the failure of Westlnghouse Electric to deliver uranium to power companies, the judge overseeing the case said yesterday. Allegheny county court judge I. Martin Wekselman ordered both sidesAP - 322 words
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Article165 1977-03-05 5 TOKYO, Fri. Nissan Motor maintains its after tax profit forecast at 84 billion yen for the year ending March 31, although sales are now expected to total 2,015 to 2,02u billion yen, down from the earlier forecast of 2,050 billion yen, managing director, Mr. Harumi Saku,165 words
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Page 5 Advertisements
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Advertisement414 1977-03-05 5 He is the new chid in a new age. He needs the encyclopaedia fortoday. Britannka 3. i The child of today is more involved. More aware. And must learn 50% more than a child 20 years ago. That's < precisely why yesterday's reference works can't really satisfy his needs. He414 words
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Article2082 1977-03-05 6 Gr'i Gr'i Nat 1*7 V77 Last div Dhr y*M P/K Val Day High Low Company Sale +OC- C'tt C888) High Low 8ECTION ONE INDUSTRIALS 175* 133 Acma 142 +2 12. ON 1.1 8.4 7.1 1 142 142 133 128 Acma A 128 unch 12. ON 1.1 9.32,082 words
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Article1050 1977-03-05 6 BID and offer prices officially listed and business In and reported to'the Stock Exchange of {Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett/' Big Board deals1,050 words
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Article1298 1977-03-05 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 Acma (1.41B). A. Tap* <0 518 0 538) (1) 052 (3) 0531,298 words
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Article121 1977-03-05 6 STRIKING prices of the stock options offflcially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. D.B.S. (June $3.90) (0.23*8 0 258). F. and N. (June *4 00) (0.285). Inchcape (June121 words
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Article141 1977-03-05 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager'* price* for Mar 7) (Current price*) The Commerce 1.78 18® INCOME BOND 1.10 1.16 The Saving Fund 0 92 0.97xd S pore Prof Fund 8'pore Security Fund 0.81 0 88 MARA BUMIPUTRA FUND 1.38 1.48 (Manager*' pricei for Mar 7) S141 words
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Article158 1977-03-05 6 B O T 8 1/2% 1981 (100,000) (1038 103 *S) D B S 8 1/2% 1982 (100.000) (1008 100^S) DBS Converts 6 1/2% 1991 (100,000) (96' jB 97*S) EIBW 1982 (100,000) (103*B 104*8) E I B 8 1/2% 1983 (100.000) (99*8 100*8) I B J 8 1/2% 1981158 words
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Article127 1977-03-05 6 5 1/2% 1/12/77 (1,000,000) (101.558 101.655) 5 1/2% 15/4/78 (1,000,000) (101.658 101.758) 5 1/4% 15/7/78 (1,000.000) (101.508 101.608) 6 1/2% 15/8/78 (1,000,000) (103.358 103 508) 7% 1/7/79 (1,000,000) (104 858 105 00S) 5 1/2% 1/10/77-79 (1,000,000) (101.008 101.70S) 5 1/4% 15/10/79 (1,000,000) (101.088 101.18S) 6 3/4% 15/6/80127 words
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Page 6 Advertisements
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Advertisement224 1977-03-05 6 v > Mxk an >' isMxM yaw*? m%mm'»#? >- <W%sm v-' Alex Josey has long been an observer, recorder and commentator of the Singapore scene. In this new book, he examines and explains the success of Singapore's tripartite alliance of Government, workers and employers. A substantial part of the book224 words
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Article638 1977-03-05 7 MARGINAL faint were recorded serosa a wide front at the Stock Exchange of Singapore yesterday. Support wai mainly of a Mattered nature but there was evidence that fair follow-through in certain issues prompted support for most of the second and third liners. Although brokers generally believed638 words
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Article440 1977-03-05 7 TRADING interest at the Kuala Lumpur stock market yesterdav shifted to the mining sector in the wake of the rising tin price both in Penang and London. The tin price on both the Straits tin market and the London Metal Exchange reached new highs440 words
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Article54 1977-03-05 7 Reuter TOKYO, Frl. Fuji Car said it signed a HKS22 million contract with the Government of Hongkong for a garbage processing plant to be Installed within 18 months. It said the plant is designed to turn wet kitchen garbage into compost with a processing capacity of 240 tonnesReuter - 54 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1129 1977-03-05 7 NEW YORK: Encouraging words from the government about Its commitment to fight inflation helped push stock prices higher, but trading volume was light on Thursday. The market's advance was also aided by some Institutional Interest In high flyers and blue chip stocks. The Dow Jones Industrial Index rose1,129 words
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Article314 1977-03-05 7 FRANKFURT: Most shares closed mixed with a slightly higher bias market sources said on Thursday. Among auto shares, VW gained 2.50 marks, BMW rose one, while Daimler lost two. In electrlcals AEG fell 1.10 marks and Siement lost 0.50. Leading chemical shares were steady Banks and steels closed mostly314 words
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Article303 1977-03-05 7 AMSTERDAM: Shares fell over a broad front, dealers said on Thursday Major losses In Dutch International were Royal Dutch, Unilever and Hoogovens which announced an extension of short-time working. Banks, Boer, Bols, Gist, Bijenkorf and Ahold were leaders to decline elsewhere. Most Insurances and KLM gained against the trend.303 words
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Article401 1977-03-05 7 SYDNEY: The market fell back on profit taking after Its strong gains earlier this week, dealers said on Friday. TheSvdne* All-Ordinariesin-dex dropped 1.27 points toi 430.00 Central Norseman lost 15 cents to 3.05 and Bougainville. MIM. and Peko-Wallsend lost three cents each, while BHP, following news of the possible401 words
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Article386 1977-03-05 7 JOHANNESBURG: Gold shares moved sharply off the top on proflttaklng despite basically steady overseas bullion Indications. dealers said on' Thursday Financial minings were mixed. Elsewhere De Beers lost one cent to 397. Coppers were fractionally harder, while platinums were firm. Other minerals were softer, as were collieries. Industrials were386 words
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Article401 1977-03-05 7 PARIS: The market was higher on purchases by institutional investors and foreign operators, dealers said on Thursday The 5/16 point drop in call money to 9-1/2 per cent also helped share prices, they added Advances were led by Generate De* Eaux, Lyonnaiae Dm Eaux, RouMel, LTA. Penarrova and Pechelbronn401 words
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Article435 1977-03-05 7 HONGKONG: The market closed lower In dull trading and low turnover, amid continued lack of stimuli, dealers said on Friday. The Hang S.-ng Index fell 1.13 points to 427.93. Swire Pacific fell 20 cents to $8 40. Hongkong Land five cents to 57.25. while Hutchiaon and Jardine Matheaon closed435 words
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Article124 1977-03-05 7 MILAN: Stock prices generally moved lower, dealers said on Thursday. Exceptions showing small rises included Olivetti, La Centraie and Generate Immobiiiare. MAR 03 Lire Ante 365 -2 Ass<y Gen ***** 10 Bastogi 801 -2 Centrals 5730 +29 flat 1781 -9 Flnslder 159 -2 Gen Immob 117 1 IFI Pri124 words
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Article180 1977-03-05 7 BRUSSELS: The market was mixed In quiet trading, with no clear trend on Wall Street to give a lead, dealers said Generate, Hoboken and FN r.»se. Sofina, Hainaut-Sambre, Kons-Lit* ana Arbed felt. GB-inuo-BM was unmoved by news of an 18 per cent rise tn sales and EBES did not180 words
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Article301 1977-03-05 7 TORONTO: Colds moved lower but the balance of the Toronto market was marginally higher at the close of light trading on Thursday Among the major changes. Huikv Oil jumped 1-3/8 at 25-3/8 on 31,000 shares. Alcan rose 5/8 at 28-1/4, and Tara Exploration gained 1-7/8 at 18-7/8 on 1,800301 words
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Article273 1977-03-05 7 ZURICH: The market closed slightly lower in continued quiet activity on Thursday, with a lack of positive market factors keeping private Investors and professionals sidelined, dealers said Leading banks and Insurances ruled barely steady, flnanclals irregular Minor losses predominated among Industrials, with CibaGeigy, Nestle and Sandos registered somewhat more273 words
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Article220 1977-03-05 7 MANILA: The market was mixed. with shares lower on the slight fall in mining Issues copper and gold prices, dealers said on Friday. Rumours ot April offshore drilling on the Reed Bank Block A concession stimulated buying In Oriental and Seafront, but commercials were dull. Turnover rose to 6220 words
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Article533 1977-03-05 7 TOKYO: The market closed mixed as late profit-taking and liquidations in blue chips and populars erased early gains, dealers said on Friday. The Dow Jones average gained 2.95 to close at 5,059.54 with volume 200 million shares. The New Index closed at 379.45, down 0.11. Many shares opened firm533 words
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Article13 1977-03-05 7 THE stock market In Bangkok was closed yesterday for Makha Bucha Day13 words
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Article73 1977-03-05 7 FINANCIAL TIMES INDUSTRIALS Thursday 412.7 Wednesday 410.6 Week Ago 402 3 DOW JONES AVERAGE INDUSTRIALS Thursday 948 64 Wednesday 942 07 Week Ago 932 60 LONDON DOLLAR PREMIUM Thursday 105'. to 105H% Wednesday 105''t to 106% H.K HANG SENG Thursday 429 06 Wednesday 433 20 Week Ago 430 3473 words
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Advertisement177 1977-03-05 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 these177 words
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COMMODITY REPORTS AND PRICES
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Article791 1977-03-05 8 LACK of follow through In London to the rise here yesterday produced a lower opening in the Singapore rubber market, with Drtces marked down by 1.50 cts, dealers said. Rates then fluctuated narrowly in very quiet and uncertain trading, before fresh offerings towards the close.791 words
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Article30 1977-03-05 8 Rubber: Mar 4 Singapore: Mar. 200.75 cts (down 1.25 eta.) Malaysia: Mar. 204.00 eta (down 2.00 eta) Tin: $1,597.00 (up $26.00) Official offering: 259 tonne* (down 51 tonne*)30 words
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Article319 1977-03-05 8 IN the Singapore gold market yesterday, the kilobar was traded In the range of 5511,495 to SSI 1,530. The loco London gold opened at U*****.50/ 145.00 and on long liquidation and small scale short-selling the Brlce eased off and closed at *****.30/ 144.70. Source: Singmu. In HONGKONG yesterday, gold319 words
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Article121 1977-03-05 8 DAILY SSR and SMR prices at noon yesterday Mar. Apr. R.A.8. (Curre nt Mth) (For ward Mlh) Buyers Sellers Buyers Sellers (ceau perks) (reals per kg) SSR 20 (1-ton Pallet) 190 00 192 00N 191.50 193 50N SSR 50 (1-ton Pallet) 187.50 189 50N 189 00 191121 words
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Article127 1977-03-05 8 THE following Palm OH prices were quoted In London on Thursday The prices are dl Rotterdam and are quoted in US dollar per ton unless otherwise stated Thursday Prev. Malaysia 5% f fa bulk 570 sir 551 sir May/June Sumatra 5% 520 pd Feb deleted Mch Apt May127 words
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Article219 1977-03-05 8 BANGKOK, Frl. Indicative prices for rice quoted yesterday were not available. The prices for Wednesday were: US dollars per tonne for basis Bangkok: WM*e-fUoe 100 per cent Ist class 282 100 per cent 2nd 287 100 per cent 3rd 282 5 per cent 254 10 per cent 233 15219 words
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Article233 1977-03-05 8 LONDON, Fri. On Thursday afternoon, copper wirebars lost £4.50 for Cash and £4 for Three Months. Values were marked down fractionally in sympathy with the New York trend but the market subsequently held relatively steady In modest two way trading. Three Months traded down to £893 but steadied to233 words
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Article108 1977-03-05 8 THE Straits tin price in Penang yesterday was up $26.00 to $1,507.00 on an official offering down 51 tonnes to 259 tonnes. In LONDON on Thursday afternoon, tin standard gained mostly £130 in both contracts. The movement was extended on the Kerb where a record £6,440 was recorded108 words
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Article49 1977-03-05 8 LONDON, Fri. On Thursday afternoon, lead finished with gains of £0.25 for Cash and £1.50 for Three Months. The market hovered around end-morning levels with fairly brisk two way trading. Three Months softened under profit-taking to £447 before rallying to £449.50 on fresh buying. Sales were 2,400 tonnes.49 words
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Article28 1977-03-05 8 LONDON, Frl. —On Thursday afternoon, zinc lost £0.50 all round and was vlrtually neglected while giving modest ground under scattered hedge selling. Sales were only 1,025 tonnes.28 words
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Article62 1977-03-05 8 THE Malaysian Minister of Finance has fixed these rates for the period from March 3 until further notice: Rubber 94 cts. a lb Copra $884.00 a ton falm kernel $235.25 a ton The rate of duties payable are: Rubber 11% cts a lb (Surcharge 5% cts. a lb)62 words
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Article258 1977-03-05 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk *M sellers, old drum $100 sellers, new drum *105 tellers Copra: Mixed (loose) UK/Cont Ml buyers. Pepper Muntok ASTA while f.o.b. 100% NLW $300 sellers. Sarank white fob MS NLW J340 sellers. Sarawak special black258 words
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Article150 1977-03-05 8 LONDON, Ftl. On Thursday afternoon, silver gained 0.3 to one pence per troy ounce. The decline In US futures Induced further profit-taking which took Three Months down to 287.5 pence per troy ounce. But short-covering steadied values and this position finished trading at 288.9 pence after touching 289 pence.150 words
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Article275 1977-03-05 8 LONDON, Frt. Terminal sugar closed the first call £0.05 per tonne down from last night (Oct at £132.50 bid) to £0.35 higher, with traded volume 951 lots which included 812 kerbs. The market later held reasonably steady in thin dealings with weekend short-covering allied to some London Paris arbitrage275 words
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Article208 1977-03-05 8 LONDON, Frl. Robusta futures ended the opening call £70 to £28 per tonne down from last night. Volume was 245 lots and the tone Irregular. May closed the session £55 down from yesterday at £3.785, having traded within a range of £3,800 to £3,750. Dealers attributed the irregularity to208 words
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MONEY AND EXCHANGES
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Article574 1977-03-05 8 YESTERDAY was a quiet day for dealers In Singapore's interbank market. Local overnight rates, which opened at a fairly high pltcn of seven per cent in the morning, were traded down to 3Vi per cent by the afternoon closing, with the bulk of business done at 5% per cent574 words
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Article178 1977-03-05 8 Asian rates 1 ASIAN currency deposit Interbank 1 rates as at cloae on March 4. L'8 Dollar. (Spot*, Offer Bid 7 days 4 7/8 4 3/4 1 mth 4 15/16 4 13/16 2 mthj 5 1/16 4 15/16 3 mths 5 13/16 5 1/16 0 tilths 5 9/16 5 7A6178 words
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Article46 1977-03-05 8 RANGE on price* houses on March Overnight 3H Call Deposit 3H offered by discount 4. Bmy SrlliaC 3-Month Treasury bills 3-Month Bank bUts 3-Months CD S-Months CD S 4 1/8 4 8/18 4 5/8 2 7/» 4 4 3/8 4 7/16 Source: National Discount Co46 words
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Article41 1977-03-05 8 RESULTS of tender held on March 4, 1977 for 91-day Treasury bills: Offered: $30,000,000 Applied for: $98,000,000 Allotert *30 000 000 Accepted bids: $99.26 (approximately 28% higher bids in full) Average rate of discount on allotment: 2.955% pa41 words
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Article139 1977-03-05 8 Euro rates LONDON, Frl. Eurodollar deposits opened steady ana showed little movement in early very quiet conditions, dealers said. They cited customary pre-weekend quiet conditions coupled with the large decline, $1 billion, in the US money supply announced overnight for slack business. This decline, although largely expected, dampened interest in139 words
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Article243 1977-03-05 8 LONDON. Frl. The dollar moved very slightly lower against major continental currencies In thin trading ahead of the weekend, bringing sterling down in sympathy, dealers said. Tne mark and Swiss franc were around 15 basis points firmer on the overnight at 2.3865/75 and 2.5475/85 to the dollar respectively,while sterling243 words
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Article180 1977-03-05 8 NEW YORK, Thurs. The dollar closed little changed against most major currencies in quiet trading as activity centred principally on the Canadian dollar and Belgian franc, dealers said. The large decline In US money supply figures was broadly anticipated and dollar quotations were virtually unaltered In late afternoon180 words
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Article224 1977-03-05 8 HONGKONG, Frl. The Hongkong dollar firmed sharply In active but thin trading to close at $4.6220/50 against the US dollar, Its highest since February 1975, and compared with last night's $4.6370/90, dealers said. The dealers said shortterm money rates eased to around b\ per cent during the afternoon from224 words
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Article95 1977-03-05 8 TOKYO, Frl. The US dollar for overnight delivery closed here at 281.90 yen compared with 281.50 at the opening and 281.30 at yesterday's close, dealers said. Japanese banks bought some dollars to prepare for import settlements early next week, expected to be fairly high. Dollars for Immediate delivery closed95 words
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Article52 1977-03-05 8 Minimum lending rates (in ACBC 6%. Algemene Bank 6* Bangkok Bank ..7 Bank of America Bank of China .7 Bank of Tokyo 6* Bank Negara First Chicago Citibank 6* HSBC 1 Indosuez 6* Malayan Banking Mitsui Bank 6* OCBC OUB Chartered Bank Chase Manhattan DBS 6W UCB 7 UMBC 752 words
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Article48 1977-03-05 8 AUSTRALIA/NZ exchanges quoted on March 4 Australia: Sterling 0.6447/0.6374 US dlr 1.0111/1.0963 Ninety-day air mail buying rates: Sterling 0.6708 US dlrs 1.1261 Ninety-day forward buying rates: Sterling 0.6540 US dlrs 1.0948 New Zealand: Sterling 0.5589/0.5558 US dlr 0 9626/0.9526 Ninety-Day forward rate: Sterling 0.5913 US dlr 0.981248 words
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Article45 1977-03-05 8 ZURICH exchanees closing quotes on March 3. US 2.5513-5523 UK 4.3730-3765 Can 2.4515-4535 W Germ 106.72-81 Neth 102 36-44 France 51.25-28 Belg 6.96'VST/* Denm 43.46-50 Norw 48.52-56 Swed 60.51-56 Italy 0.2882-2885 Austria 15.02-04 Port 6.58-60 Spain 3.70-70 V« Arg 0.75-95 Japan 0.90 l /i-9145 words
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Article33 1977-03-05 8 FRANKFURT exchanges opening quotes on March 4. US 2.3876/86 2.3880/95) Can 2.2785/2805 UK 4.085/100 Neth 95.85/96.00 Switz 93.70/85 Italy 2.695/710 France 47.90/48.05 Norw 45.42/50 Belg Com 6.505/520 Belg Fin 6.505/518 Japan 0.8465/8033 words
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Article300 1977-03-05 8 LONDON, Frl. Bond prices were steady to slightly higher in quiet trading, dealers said. The convertible sector was relatively quiet with most prices about unchanged. STRAIGHTS BID OFFER Austria 8* #0 100* 101'. BFCE 8* 83 101* 102 Brazil 9* 84 98% 97* Can Pacific 9* 83 100S300 words
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Article198 1977-03-05 8 CHICAOO, Thurs. Soybean futures, which have gained as much as 81.00 a bushel over the last ten days, faltered in iate trading but managea iu hold gains of 24 to six cents a bushel at the close. After advancing as high as the 30 cent a bushel limit In198 words
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Article108 1977-03-05 8 CHICAGO, Thurs. Wheat futures held part of their earlier gains to finish the session one to 1/2 cent a bushel higher. Corn futures closed with fractional losses in most contracts, although the two distant contracts held gains of around one cent. The beneficial moisture being received In the combelt108 words
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Article330 1977-03-05 8 IT has been a week of decline and full recovery as levels slipped back slowly before sharply recouping to finish some three cents up on balance, said Holiday, Cutler Bath in its weekly report of the Malaysian and Singapore rubber markets. After an uncertain330 words
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Page 8 Advertisements
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Advertisement479 1977-03-05 8 M p > r* ft r /> n s >, Mi..} r v,«*. v T^A 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 on479 words
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TRANSPORT AND COMMUNICATION
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837 1977-03-05 9 ANTHONY THORNCROFT - A low profile but ASA keeps the advert standard up By ANTHONY THORNCROFT THE average citizen has plenty of things to worry about at the moment but the pernicious effect of advertising Is not one of them. According to the Advertising Association, which monitors these matters, advertising is Just about837 words
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Article268 1977-03-05 9 Reuter DETROIT, Fri. New car sale* by the Big Four automakers rose slightly in late February and for the whole month, although only General Motors had improved results in both periods, the companies reported today. Sales by GM, the industry leader, were up 12Reuter - 268 words
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Article, Illustration417 1977-03-05 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aklshlma Maru (JEHQ) (1800 after Neptune) 38/39 Anco Princess (GOOD) (P/O) (after Quirlnale) (subject gas free) (Departure Draft 9.68 m) 15/16 Glnyo Maru (JFPE) (0600) 19 Hoegh Opal (after Amstelveen) 6/7 Klmanls (1800 20 West King Sun (0600) 22 Kota Slngapura (2000 after417 words
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Article, Illustration105 1977-03-05 9 MAJOR rehabilitation work the jack-up accommodation platform "Zakum", owned by Abu Dhabi Marine Areas Ltd., was completed by Hongkong United Dockyards Ltd. in late February. "Zakum" had been extensively damaged during grounding in the Philippines while on iu delivery voyage from Jnpan in 1*75,105 words
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681 1977-03-05 9 CHARLES SMITH - By CHARLES SMITH UPI CHINA, for the first time in more than a dozen years, is actively promoting tourism. It's not likely to open the floodgates for tourists, but more genuine tourists than ever may soon be going to China. "Foreign travellersUPI - 681 words
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Article198 1977-03-05 9 AP LONDON, Frl. A healthy level of business was recorded yesterday on the freight market, with the ac«snt on time-charter book"fn the Western Hemisphere business Included the IS Joseph's booking of the 19,690-ton dw ''St. Cergue" at U552.900 per day for 9-11 months' trading after April-May deliveryAP - 198 words
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Article576 1977-03-05 9 ARRIVALS Service Operator Number Local Time From CPA CAL CX003 CI333 0145 0040 HKO TPE/HKG/KUL MAS JAL MH682 JL712 0810 1000 KCH HLP CAL SIA CI814 SQ211 1000 1010 HLP HLP OIA CPA OA 980 CX710 1030 1030 HLP HLP THAI OIA T0423 OA908 1035 1100 BKK576 words
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Page 9 Advertisements
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Advertisement491 1977-03-05 9 Business Management inPenguins THE DEBT t|g TRAP Afik HOW TO SURVIVE s THE SLUMP 'v The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own491 words
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Article, Illustration1418 1977-03-05 10 HARRY MILLER - ■y HARRY MILLER A SET of rooms tn a building In Vienna form the spearhead of Malaysia's Kromotlon of natural ruber Into Russia and the Eastern European Socialist countries. The task of this Malaysian Rubber Bureau Is In the hands of six people an1,418 words
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148 1977-03-05 10 FROM the main control room of the British Steel Corporation's (BSC) new £35 million (Ssl47 million). Thrybergh Bar Mill at Rotnerham in northern England, an operative supervises the finishing of continuous steel bar in the rolling mills. The mill has set a world record148 words
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876 1977-03-05 10 ASRAR AHMAD - By ASRAR AHMAD UPI AN ESTIMATED 30 million voters, nearly half of the country's population, go to the polls on Monday In the first general election under a civilian government since Pakistan won Its Independence from the British in 1947. TheUPI - 876 words
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Article, Illustration1020 1977-03-05 10 TOKYO, Friday JAPAN'S whisky distillers have launched a counter offensive to stave off any reduction In Import duties on Imported whisky. In a vehement defence against letting foreign (mainly Scotch) brands take any more than their present share of the whisky market,1,020 words
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552 1977-03-05 10 TEIJI SHIMIZU - By TEIJI SHIMIZU UPI JAPAN may face an era of terrorism by Rightists and Leftists who differ widely on Ideologies but are bent on destroying the post-war establishment. The raid on the office of Japan's unique Federation of Economic OrganisationsUPI - 552 words
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Page 10 Advertisements
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Advertisement384 1977-03-05 10 mARKETING COORDINATOR 3M is a US Company with offices in over 40 countries around the world handling thousands of products. 3M Singapore now has a vacancy for a Marketing Coordinator. The person will be responsible for coordinating market planning, marketing services, sales promotion and advertising. This is not a desk384 words
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Page 11 Advertisements
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Advertisement686 1977-03-05 11 SS® The Straits Times Press (1975) Ltd Annual Report and Accounts for 1976 Chairman's Statement The Straits Times Press (1975) Limited The Straits Times Press (1975) Limited Balance Sheet 31st August 1976 This is the first full financial year under review of the operation of the Company which was formed686 words
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381 1977-03-05 12 KUALA LUMPUR, Frl. The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) Is sending a highpowered trade delegation to Asean member countries to Krobe how It can benefit -om the Asean principles of preferential trade arrangements and Industrial complementation. Led381 words
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365 1977-03-05 12 KUALA LUMPUR, Frl. Japan should adopt a more forthcoming attitude at a meeting late this month to evolve a common fund for primary industries, Mr. Paul Leong, the acting Primary Industries Minister, said yesterday. The conference, organised by Unctad will take place between365 words
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Article749 1977-03-05 12 LONDON, Frl. The stock market closed easier after a quiet session. Selling was prompted by a prominent trade union leader s call for a prices freeze, dealers said. At 3.00 pm the Financial Times Index was down 4.7 at 408.0. Qovernment bonds fell up to H point while749 words
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184 1977-03-05 12 SINGAPORE Airlines emerged as the top-rated airline la a 20-city in-depth research survey on travellers' attitudes and preferences in the AsianPacific region, conducted independently by International Research Associates (INRA) during 1976. It covered a total of 6,068 travellers and intending travellers in 14184 words
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Article199 1977-03-05 12 BRITISH Airways will trim down Its one-stop Singapore to London service now the fastest between the two cities to 15 hours when it introduces a Muscat one-stop service starting In April. Flights with the Muscat stop will leave Singapore on Saturdays, Mondays and199 words
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89 1977-03-05 12 THREE top civil servant! will attend an international conference on counterfeit currency to be held in Madrid from March 8. They are Mr. Han Eng Juan manager of the Board of Commissioners of Currency, Mr. Ho Shee Ki, the board's higher currency operations89 words
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Article604 1977-03-05 12 ESCAP (The Economic and Social Commission for Asia and the Pacific), recognising the significance of marltime transport, has established a division with the primary responsibility of developing more efficient regional maritime transport. The newly formed Staff Service for Shipping and Ports believes that one of the604 words
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343 1977-03-05 12 Reuter BANGKOK, Frl. Communist guerillas ambushed a civilian convoy In northern Thailand and killed 29 villagers and wounded 15 others In one of the worst Incidents of the 11-year-old Insurgency, police reported today. The villagers had been taking part in a governmentReuter - 343 words
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272 1977-03-05 12 BANGKOK, Frl. A new border agreement was signed by Thailand and Malaysia today which allow both countries to carry out "hot pursuit" operations against communist guerillas fleeing Into each other's territory. The pact was signed following talks at Government House here between Thai Prime272 words
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338 1977-03-05 12 UPI NEW DELHI, Frl. Mrs. Indira Gandhi, fighting her toughest election battle since she became India's Prime Minister 11 years ago, •yesterday reminded the nation of a persistent threat of external aggression. Mrs. Gandhi told an election rally at Poona, an Industrial city In MaharashtraUPI - 338 words
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328 1977-03-05 12 THE Australian government is allowing foreign Investment In the development of new energy projects with a certain required amount of domestic equity participation. This move, plus a number of others, Including measures taken to reduce taxation for new national resource projects, Is aimed328 words
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160 1977-03-05 12 WASHINGTON, Frt. The Carter Administration yesterday relaxed its embargo againat trade with Vietnam slightly by permitting foreign ship* and plnnes which have called in or are bound for that nation to refuel in the United States. A State Department spokesman called the move consistent160 words
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135 1977-03-05 12 THE Parliamentary Secretary of t K .e Ministry of Education, Mr. Ahmad Mattar, told the Catholic Junior College students yesterday at the opening of the "CJC Co-op" that the Ideas of co-operation, unity and equality behind a cooperative are crucial to Singapore's135 words
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Article83 1977-03-05 12 SINGAPORE Exhibition Services (SES) has announced a major technical exhibition in Singapore concentrating on the chemical process plant, water treatment and pollution engineering industries. Called Chemasia it is the latest SES exhibition in a series including Offshore South-east Asia, Machine Asia, and Food Asia. A spokesman83 words
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Article69 1977-03-05 12 AN AMERICAN. Mr. Norman Rezman, 48, said to be a franchise holder for Playboy Clubs In South-east Asia, was arrested yesterday morning following Hotel Negara's complaint that he owed <12,261 In unpaid hotel charges. He was released In the afternoon by the High Court after paying69 words
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Article182 1977-03-05 12 FGI Securities, one of Mr. Amos Dawe's companies, was among six firms wound up on grounds of Insolvency by Chief Justice Wee Chong Jin at the High Court yesterday. The petition for the winding up of FGI Securities, filed by the Hongkong official receivers and liquidators182 words
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473 1977-03-05 12 JURONG Town Corporation is planning a number of factory buildings to be built over the next few years to suit supporting industries and services requirements. The switch from constructing larger factory buildings to smaller ones, including those in supporting services complexes, Is473 words
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Article105 1977-03-05 12 Reuter TOKYO, Frl. Sumitomo Chemical yesterday denied a Singapore press report that the Japanese Government had agreed to take a 60 per cent share of Sumitomo's stake in a $2 billion petrochemical complex It plans to build in Singapore Jointly with the Singapore Government. A spokesman forReuter - 105 words
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124 1977-03-05 12 UPI MELBOURNE, Frl. The Australian Wheat Board Is considering United States and Canadian moves to put a floor price under the International wheat price, according to the "Age" newspaper. The Age said the moves follow a record Canadian grain harvest and fears InUPI - 124 words
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Article195 1977-03-05 12 KUALA LUMPUR, Frl. The MTUC agreed with the Malaysian Employers Consultative Association (Meca) today that the pattern of Industrial relations In the country would change with the formation of a political party by labour. "In fact, this Is one of the motivating factors to the formation195 words
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Advertisement258 1977-03-05 12 MERCHANT BANKING EXECUTIVE MORGAN GRENFELL (ASIA) LIMITED, a Singapore-based merchant bank wholly owned by the Morgan Grenfell Group in London, currently has a vacancy for a merchant banking executive. Applicants should be less than 28 years old and hold either a University degree or a professional qualification. They should also258 words
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