The Business Times, 12 March 1977
1977-03-12
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12
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The Business Times
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Title Section9 1977-03-12 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, MARCH 12, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article60 1977-03-12 1 Reuter PEKING, Frl. The People's DaUy newspaper today reported serious energy, food and industrial problems in China with unprecedented frankness, as the Government launched a two-pronged campaign to boost the ailing economy. The People's Dally, saying "problems should not be hidden from the masses," went on to describeReuter - 60 words
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Article65 1977-03-12 1 Reuter KOTA KINABALU, Frl. The Sabah State Government expects at least Msl6 million will be Injected by the private sector into the economy within the next five years as a result of feasibility studies by two international consultant firms, informed sources said here today. Several Agro-based projects,Reuter - 65 words
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Article69 1977-03-12 1 Reuter KARACHI, Fri. Army tanks moved Into Karachi today to try to check spreading violence as an opposition strike call paralysed Pakistan's biggest city. Troops in battle dress fired Into the air to chase away a crowd which was trying to damage railway lines in theReuter - 69 words
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Article57 1977-03-12 1 AP JAKARTA, Frl. Three Japanese firms, Marubeni Corp., Tokyo Menka Kalsha and Niglta Engineering have won a US$2l million (Sss2 million) contract to lay a 110-km pipeline in south Sumatra, the state oil company said today. A spokesman said the pipeline will channel natural gas toAP - 57 words
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Article58 1977-03-12 1 Reuter KUALA LUMPUR, Frl. The Straits tin price in Penang fell M 573% per plcul to $1,586tt, but was still $261 Vt above the International Tin Agreement celling, dealers said. Market sources said nervous liquidation and stop-loss selling on the London Metal Exchange and New York marketReuter - 58 words
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Article64 1977-03-12 1 AP JAKARTA, Frl. Mr. Wijoyo Nltlsastro, State Minister for Economic, Financial and Industrial Affairs, said yesterday that economic groups of Asean will hold separate meetings at four Asean capitals next month. Mr. Nltlsastro said the Asean Economic Commission will meet In Bangkok, the Industrial, Mining and Energy CommissionAP - 64 words
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Article47 1977-03-12 1 Reuter TOKYO, Frl. Japan's Gross National Product Increased 0.6 per cent in reed terms In the fourth quarter of 1976 over the third quarter, when It rose an upward revised 0.4 per cent from the second quarter, the Economic Planning Agency said today. Reuter.Reuter - 47 words
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Article42 1977-03-12 1 UPI NEW YORK, Frl. Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 Indus 948.89, up 2.16; 20 transp 224.78, up 1.22; 15 utlls 106.91, up 0.30; 65 stocks 310.00, up 0.83. UPIUPI - 42 words
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Chief Price Changes
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Article117 1977-03-12 1 Falls Most active A. Am&l g 3.60 -.28 Pan Electric 145,000 O.C.B.C. g -!l0 Haw Par 90,000 Sel Dredge F.E.L'ston Qulness S. Steamship M. Banking MBS Hume (FE) U.O. Bank RM Kramat A. Hltam Tin Pa tall ng 8. Trading Golden Hope i rm in Rime Dftrhv117 words
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Article, Illustration171 1977-03-12 1 THE Stock Exchange of Singapore staged a mild rally yesterday, with most shares closing on a barely steady note. Sime Darby rose 10 cents to $3.26. Trading on the option board was quiet. The Business Times index rose 0.24 point to 261.63 while the Straits Times Industrial171 words
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1355 1977-03-12 1 QUEK PECK LIM - FOR WANT OF FINANCIAL EXPERTISE By QUEK PECK LIM SINGAPORE'S development as an international financial centre to be taken seriously world-wide Is being retarded by a lack of legal expertise. And until there Is a body of local lawyers fully conversant with the complexities1,355 words
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Article651 1977-03-12 1 Reuter TOKYO, Frl. Japan today announced two measures, both partly expected, to stimulate the country's lagging economic recovery. The Bank of Japan said that bank rate would be lowered from 6.5 per cent to six per cent, effective tomorrow. This Is the firstReuter - 651 words
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529 1977-03-12 1 THE GOVERNMENT is pushing ahead with many major public construction programmes during the present lull In private sector building In an attempt to sustain a high level of activity In the construction industry, Dr. Tan Eng Liang, Senior Minister of State for National Development,529 words
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Article202 1977-03-12 1 THE Singapore and Malay- iaa Government* were urged yesterday to agree to a 10 per cent across-the-board tariff cut similar to the accords reached between the Republic and Thailand and the Philippine*. The call wa* made by the president of the Singapore Chinese Chamber of Commerce,202 words
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Article126 1977-03-12 1 THURSDAY'S announcement by the board of Ben and Co on the status of former chairman, Mr. G.C.K. Choudhury, is believed to have been made to clear up some misunderstanding of the role he plays in the firm. The announcement said Mr. Choudhury no longer excercised any authority126 words
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318 1977-03-12 1 Reuter HONGKONG, Frl. THE Editor of the Far Eastern Economic Review, Mr. Derek Davles, said here today he has sought Singapore Government permission to publish In full his taped comments on an Interview with Prime Minister Lee Kuan Yew a year ago. He wasReuter - 318 words
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Article169 1977-03-12 1 Reuter WASHINGTON, Frl. America's top trade union leader. Mr. George Meany, has come out In support of landing rights for the Concorde airliner at New York's Kennedy airport. Mr. Meany, president of the huge AFL-CIO labour confederation, issued a statement In which, he declared: "TheReuter - 169 words
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Article111 1977-03-12 1 Reuter HONGKONG, Frl. A China Engineers (Holdings) spokesman said the company's subsidiary Amoy Canning (Hongkong) Is negotiating a sale by private treaty of the 21,000 sq km site In Kowloon it withdrew from auction earlier this The site was withdrawn when bidding at the auction failed toReuter - 111 words
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Page 1 Advertisements
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Advertisement40 1977-03-12 1 Glenfiddich Pure Malt 8 years old at least! Market -reviews/TV ft Oversea* stocks P7 Radio Pi Commodities —PS Overseas Transport ft Comaews/Featuree P3 muaications —P9 Local/International Co Features PlO lews —P4 Local ft Overseas Leeal stocks —PC news PU, 1240 words
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Advertisement78 1977-03-12 1 il I iT* JiiJ 7?m r*i Is' fe. >* :.<- ««p c* *****11 Instant Accommodation! Choice, luxurious apartments tastefully designed, reflecting a high class of living. Situated right in the heart of the city within walking distance of best eateries, shopping and recreational facilities. Rental from $850/- per month. We78 words
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Advertisement234 1977-03-12 1 mm 9k THE PERFECT IWESTMBIT IP SEE BACK PAGE LOOKING FOR OFFICE SUITES? Call ***** or *****6 We have a wide variety of office accommodation to suit your taste and your pocket. Both within the Central Business District and outside the Restricted Zone. IN THE CENTRAL BUSINESS DISTRICT (C.BD.) Limited234 words
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MARKET REVIEW
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Article263 1977-03-12 2 Reuter THE Parkes Property Group 1 collapse was the main talk- i ing point on the trading floor of the Sydney Stock Exchange this week. But observers noted that news of the crash when it 1 came, was taken in stride by i the market. i "This proves onceReuter - 263 words
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344 1977-03-12 2 RONALD LAM - RONALD LAM OTHER ANNOUNCEMENTS Haw Par Brothers International has sold Its holding of five million Jack Chla-MPH stock units to Wardley for a net consideration of 554.37 million, leaving a balance of 131,200 stocks units still held by the Haw Par Group.344 words
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Article449 1977-03-12 2 IVAN FALLON - LONDON Br IVAN FALLON THE 810 development In the London stock market this week came on Thursday when the Bank of England finally surrendered to the cheaper money movement and reluctantly cut minimum leading rate (MLR) by a full point. It Is now down to 11449 words
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353 1977-03-12 2 KUALA LUMPUR THE only excitement at the Kuala Lumpur Stock Exchange this week was provided by the renewed Interest In tin and rubber shares In the wake of the continued rise In the commodities prices. Apart from this Interest, the market remained lacklustre, with353 words
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Article312 1977-03-12 2 SIR James Goldsmith's bid to tidy up his empire and take the whole of his food Soup, Cavenham, into his ench master company, Generate Occidental, has failed. The City has risen in fierce opposition to It, But Goldsmith already had 51 per cent of Cavenham and312 words
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Article208 1977-03-12 2 THE City has not taken too kindly to the abrupt departure of Dr. Keith Bright from the Slme Darby board. True, his resignation was inevitable after his stance In December's battle. But after the compromise hammered out by Jim Bywater under which the former chairman208 words
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Article174 1977-03-12 2 GENTING Highlands has finally thrown In the towel and accepted the HME offer for Its Golden Hope shares. But right to the last moment, there were ongoing appeals to the takeover panel and to the stock exchange, which meant that Rothschild has not taken Its174 words
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116 1977-03-12 2 Canada will continue to float freely Reuter OTTAWA, Frl. Finance Minister Donald MacDonald said the Canadian government has no plans to change Its policy of allowing the Canadian dollar to float freely In International markets. While It Is possible to change government policy at any time, the government has noReuter - 116 words
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Article27 1977-03-12 2 BANGKOK, Frl. The Norwegian government has given Vietnam a refrigerator workshop and a maritime research ship as aid, the Vietnam News Agency (VNA) reported today.27 words
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648 1977-03-12 2 SINGAPORE MINING and rubber stocks moved higher In selective trading In a generally quiet and easier market at the Stock Exchange of Singapore this week. This sudden switch of interest to the tin and rubber sectors of the market was prompted by the648 words
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211 1977-03-12 2 Reuter TOKYO, Frl. Olivier Long, Director General of the General Agreement on Tariffs and Trade (GATT) expressed optimism on the possible speeding up of the Tokyo round of multinational trade negotiations. Mr. Long, who arrived here last Monday for a fiveday visit, told aReuter - 211 words
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Page 2 Advertisements
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Advertisement418 1977-03-12 2 He is the new chid in a new age* He needs the encyclopaedia for today. Britannica 3. LB W" The child of today is more involved. ..*m 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 his418 words
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Page 2 Miscellaneous
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Miscellaneous51 1977-03-12 2 JJi WEATHER report for 24 hours prior to 7.30 p.m. on March 11 at Singapore airport. Maximum temperature 29.8° C Associated humidity 67 Minimum temperature 23.0° C Associated humidity 96 Hours of sunshine 7.35 Rainfall in millimetres Nil Total rainfall for the month 12.2 Total rainy days for the month51 words
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Miscellaneous295 1977-03-12 2 RADIO TV SINGAPORE 5 1.00 PM Opening followed by Sesame Street 2.00 Saturday Matinee In Old Vienna. Starring: Heinz Roettinger, Robert Killich, Kurt Jaggberg. 3.10 World Cup Soccer (Asian Zone) Hongkong vs Indonesia 4.40 Sandiwara Getir (repeat) 5.25 Joe Forrester Deadly Weekend (Part 1) 6.15 Magazine Zero One 6.30 News295 words
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OVERSEAS
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Article414 1977-03-12 3 NEW YORK, Thursday UPI AiwritM-Jtpuww relations arc appro*chinf what may be their most critical stage since the end of World War Two because of the climbing volume and value of Japanese imports, according to a March 14 Saturday Review article made available yesterday. "American and Japanese businessmenUPI - 414 words
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497 1977-03-12 3 AP GENEVA, Frl. A growing army of unemployed young people has reached an alltime record of seven million in the world's 24 richest countries, the International Labour Organisation said yesterday. An ILO study blamed the joblessness on society's Indifference, reluctance onAP - 497 words
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357 1977-03-12 3 NEW YORK, Frl. An influential bank economist today chlded financial analysts and economists for preaching a self-fulfilling prophecy of economic gloom. Economist Walter Hoadley of California's Bank of America, the world's largest private bank, said he thought the economic outlook was bright. "There is very357 words
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Article215 1977-03-12 3 UPI TOKYO, Frl. Japan will respond positively to a call from President Carter for financial assistance to Portugal, the Nlhon Kelzal Shlmbun newspaper reported today. The dally quoted a government source as saying that President Carter had sent a letter to Japanese Prime Minister TakeoUPI - 215 words
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Article37 1977-03-12 3 Reuter FRANKFURT, Frl. Mexico plans to raise a gross total of around US$5 to US$6 billion (5512.25 to 5514.7 billion) of foreign loans this vear slteht.lv less than the US$6 billion borrowed in 1976. Reuter.Reuter - 37 words
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Article245 1977-03-12 3 Reuter LONDON, Frl. National Union of Mine worker* president Joe Gormley said there la no chance that miners will accept another phase of wage restraint after the present stage which ends in July this year. Gormley said at a press conference following a meeting ofReuter - 245 words
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Article141 1977-03-12 3 UPI WASHINGTON, Frl. Pakistan, Burma, India and Swaziland were awarded about UBII3B million (*****.2 million) In development loans today from the World Bank and the International Monetary Fund. The fund said Pakistan was given stand-by authority to borrow about US$92 million (80 million Special DrawingUPI - 141 words
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291 1977-03-12 3 Reuter NEW YORK, Frl. Credit markets received unexpected encouragement Yesterday when the Federal Reserve Bank released money supply data showing a decline of US$OOO million (5)1,470 million) in M-l and US$3OO million in the broader M-2 aggregate for the March 2 week. DealersReuter - 291 words
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293 1977-03-12 3 Reuter HONGKONG, Frl. Hoare Govett Ltd international division head M.J.R. Armytage forecast more favourable prospects for the UK economy, including large balance of payments surpluses of £1 billion (554.2 billion) this year and £4 billion in 1978, aided by large oil revenues.Reuter - 293 words
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Article253 1977-03-12 3 Reuter NEW YORK, Frl. The Emergency Financial Control Board said It ap- roved a request by New ork City to the Federal Government for a US$255 million (*****.25 million) emergency short-term loan under the seasonal loan programme. The approval came following a presentation to theReuter - 253 words
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Article228 1977-03-12 3 Reuter SYDNEY, Frl. Federal Treasurer Philip Lynch said Australia's growth rate In the current financial year would well exceed the budget estimates of around four per cent. He told a Sydney Chamber of Commerce luncheon, however, the government did not want to see an overlyReuter - 228 words
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Article30 1977-03-12 3 AP ATLANTA, Frl. About 1,000 workers In five plants that manufacture Arrow shirts In Georgia have struck in a dispute over imported shirts from Thailand. APAP - 30 words
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638 1977-03-12 3 ANTHONY WINNING - »y ANTHONY WINNING FRANCE believes the third Western economic summit set for May 7 and 8 In London should be limited to leaders of big Industrial countries which carry major weight In the International economic system. President Valery Discard d'Estalng has638 words
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259 1977-03-12 3 AP WASHINGTON, Fri. The 1,120 km Alaska pipeline has a wide variety of safety systems to prevent or detect mechanical failures and oil spills but will be impossible to defend against sabotage, a US House of Representatives subcommittee was told. Morris Turner, an official ofAP - 259 words
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Article25 1977-03-12 3 Reuter BAGHDAD, Frl. Iraq has renewed a call for an Arab summit conference on economic cooperation, the Iraq news agency said today. ReuterReuter - 25 words
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394 1977-03-12 3 Reuter WASHINGTON, Frl. Federal Reserve Board chairman Arthur Burns said the US banking system has passed well beyond the worst of its recent difficulties and is regaining strength steadily. Burns, testifying before the Senate Banking Committee, said, however, "the total amount ofReuter - 394 words
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321 1977-03-12 3 Reuter WASHINGTON, Frl. Top officials of the International Monetary Fund have been seeking ways to Increase the fund's lendable resources, informed monetary sources said. They said IMF managing director, Johannes Wltteveen, has had private discussions with a number of financially strong countries, Including SaudiReuter - 321 words
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Article66 1977-03-12 3 Reuter WASHINGTON, Frl. US retail sales rose by two per cent to U5557.57 billion (SSI4I billion) February from U5556.57 billion In January, the Commerce Department said. Retail sales dipped two per cent in January because of the unseasonably cold winter weather but economists saidReuter - 66 words
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Page 3 Advertisements
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Advertisement154 1977-03-12 3 If it's English you needwe know what we're talking about. 1 I ■k «r* A V* A 11 %i%. ff ENGLISH CLASSES Our next 10-week term starts on Inarch 2) st r inßngua School of Languages Tarn, nR< -s-:\s.r »o 1.. 23b5222 i < 'jUi* 4 P o zine Tscv?^154 words
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COMPANY NEWS
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Article751 1977-03-12 4 PRE-TAX profit at Prima (Flour Mills) for the year ended Dec 31,1976, has been again adversely affected by a further reduction In export sales. The reduction of 40 per cent In exports pulled the company's total sales down by 21 per cent, causing pretax profit751 words
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COMPANY MEETINGS
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17 1977-03-12 4 Mar 24, 2.30 p.m., Registered Office, 70 Jalan Ampang, Kuala Lumpur.17 words
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Article20 1977-03-12 4 Mar 25, 10.30 a.m., Registered Office, 12th Floor, Fitzpatlck's Building. 86 Jalan Raja Chulan, Kuala Lumpur.20 words
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Article13 1977-03-12 4 Mar 25. 12 noon. Registered Office, 14 Lokyang Way, Singapore 22.13 words
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Article17 1977-03-12 4 Mar 29, Registered Office, Road No. 7, Port of Singapore Authority, Singapore 4.17 words
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Article16 1977-03-12 4 Mar 30, 11.30 a.m., Polynesian Room of Ming Court Hotel, Tanglin Road, Singapore.16 words
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Article20 1977-03-12 4 uwuwwu ram iivki Mar 30. 11.45 a.m., Polynesian Room of Ming Court Hotel, Tanglin Road, Singapore.20 words
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Article17 1977-03-12 4 Mar 30, 12 noon, 11th Floor, Shlng Kwang House, Shenton Way, Singapore 1.17 words
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Article17 1977-03-12 4 Mar 30, 12.30 p.m., Polynesian Room of Ming Court Hotel, Tanglin Road, Singapore.17 words
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24 1977-03-12 4 Olympia Plywood Timber Products Bhd.: THE following company meetings are due: Mar. 15, 12 noon Registered Office, Pantai Kundor 9th mile, Tanlong Kilang, Malacca.24 words
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Article12 1977-03-12 4 Mar 15, 2.30 p.m., 70 Jalan Ampang, Kuala Lumpur.12 words
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Article16 1977-03-12 4 Mar 17, 11 a.m., Registered Office, 178-3 Jalan Sungei Best, Kuala Lumpur.16 words
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Article19 1977-03-12 4 Mar 19, 12 noon, r\*4i,M/v a Registered Office, No. 5 Jalan 203, Petallng Jaya, Selangor.19 words
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Article14 1977-03-12 4 21, 11 a.m., 13th Floor, Tunas Building, Anson Road, Singapore 2.14 words
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Article12 1977-03-12 4 Mar 22. 11 a.m., Registered Office, Batu Tlga. Selangor.12 words
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19 1977-03-12 4 Mar 23, 11 a.m., 11th Floor. Chartered Bank Building, 2 Jalan Ampang. Kuala Lumpur.19 words
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Article25 1977-03-12 4 Mar 23, 12 noon, UIlUi mat XJ AM Studio 3, sth Floor, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur.25 words
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Article73 1977-03-12 4 JARDINE Oilfield Supplies and Services have announced the appointment of Mr. Conway Craig as managing director of the company. His previous appointments include Oil Tools International (of which he was managing director), Weatherford Lamb and the Western Company of North America. Ingersoll-Rand International has appointed Mr. Clark73 words
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Article399 1977-03-12 4 Current Ex Date Total for ToUl for payment Date payable the year previous year M. Tobacco 35% Feb 7 MarlB 50% 40% Wilkinson Procni 15% Mar 7 Mar 24 20% 39.1%a Idris Hyd 30%I Mar 25 80%I 71.5% TanjongTin 13.3%I Mar 25 28.7%I 30.9% A. Amalgamated 30% I399 words
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Article1493 1977-03-12 4 On March 10 CHICAGO Board Options Exchange volume was 96 858 contracts on Thursday, down from 110.233 on Wediies- day. Advancing series led declines 377 to 126. OPTION APL JLY OCT STOCK Alcoa SO 65/8 71/2 81/8 56 5/8 Alcoa 60 1/4 1 1/8 UNTRD 56 5/81,493 words
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559 1977-03-12 4 THE strong recovery seen at Intraco during the first six months slowed down considerably for the rest of the year ended Dec 31, 1976. Against an Interim rise of 59 per cent In group pre-tax profit to $2.29 million, earnings Increased by only 14559 words
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306 1977-03-12 4 AFTER a 21 per cent Jump in group pre-tax profit In 1976, the current year at Oenting Highlands Is not expected to see much improvement in results. This is the Indication given by Oenting In its reply to the Kuala Lumpur Stock Exchange query306 words
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Article164 1977-03-12 4 FAR EAST-LEVINOSTON SHIPBUILDING Net pretax profit $12.4 million (11.3 million) for the year ended Dec 31, 1976. Tax $4.9 million ($4.8 million), leaving after-tax profit of $7.5 million ($6.5 million). First and final dividend 25 per cent (same) MALAYSIAN AMERICAN ASSURANCE Pre-tax loss M 561,507 (profit $223,041) for164 words
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Article196 1977-03-12 4 Reuter OSAKA. Frl On a sales rise of only 28.7 per cent, Sanyo Electric has achieved a fourfold jump in consolidated net profit to 16.4 billion yen from 3.93 billion yen In the year ended Nov 30. 1976. Sales rose to 545.64 billion yen from 424.08Reuter - 196 words
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Article89 1977-03-12 4 DEARBORN, Michigan, Frl. Ford Motor yesterday said It would introduce a new luxury car next month, the Lincoln Versatile, aimed at competing with the successful Cadillac Seville and the MercedesBenz. The car, which will be significantly smaller than current luxury cars made by Ford, will cost US$ll,5OO,89 words
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Article77 1977-03-12 4 WheelingPittsburgh Reuter HARRISBURG. Frl. Pennsylvania's environmental agency said it would seek fines of US$39.B million against WheellngPlttsburgh Steel for polluting the atmosphere. The department of environmental resources said it had filed an air pollution complaint against the company with the Environmental Hearing Board. The complaint alleges violations of Pennsylvania airReuter - 77 words
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Article50 1977-03-12 4 WEST BERLIN, Frl. The Land (State) of Berlin's 200 million mark loan will be for seven per cent over eight years and priced at 99.75 per cent a spokesman for lead manager Berliner Bank said. The issue, which yields 7.04 per cent will be on offer from March 21.50 words
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Article47 1977-03-12 4 SYDNEY. Frl. On gross revenue up to AS 114.27 million from $104.6 million, Tooheys has raised net profit to $5.31 million from $3.23 million in the first six months ended Jan 31, 1977. Tooheys is paying a maintained Interim dividend of 3.75 cents on May 9.47 words
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Article23 1977-03-12 4 FRANKFURT. Frl. Naclonal Financiera SA's 100 million mark 8% per cent seven-year Eurobond was priced at par, lead manager Dresdner Bank said.23 words
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Article22 1977-03-12 4 LONDON, Frl. the £50 million Greater London Council 13% per cent stock due 1984 closed oversubscribed, the Bank of England said.22 words
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Article379 1977-03-12 4 Reuter LONDON, Frl. Apart from Canada, all its main areas of operations contributed to a 36.7 per cent jump In net Income at Royal Dutch Shell last year. Net Income rose to £1.23 billion from £899.4 million on a sales rise of 37.3 per centReuter - 379 words
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Article108 1977-03-12 4 PARIS. Frl Ole Francaise des Petroles has declared an unchanged gross dividend of 14.1 francs for 1976. The parent company net profit fell to 237 million francs from 412 million francs last time. The company said consolidated net profit will be lower than the 721 million francs108 words
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Article305 1977-03-12 4 LONDON, Frl. Group pre-tax profit at De Beers Consolidated Mines Jumped to 519.92 million rand from 286.23 million rand last year. Tax and government share of profit under leases took 182.92 million (80.00 million) rand. Group profit after tax was 337 million (226.16 million) rand. Outside305 words
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257 1977-03-12 4 Reuter MELBOURNE, Frl. Endeavour Oil Co NL said it proposed a capital reconstruction, a change in status and a new name as soon as possible after its current share issue is allotted. As previously reported, the companv Is currently offering about 10 million nominal 50Reuter - 257 words
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372 1977-03-12 4 Reuter PITTSBURGH, PA., Frl. US Steel Is talcing steps to meet the expected upturn In the US economy, Its chairman, Mr. Edgar Speer, told shareholders In the annual report. The firm Is proceeding with modernisation and expansion programmes and has prepared Inventories of criticalReuter - 372 words
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Article261 1977-03-12 4 LONDON, Frl The significant profit Increase foreshadowed by the directors of Vantona Group turns out to be from £4.22 million to a record £6 37 million for the year ended Nov 28, 1976, following the Jump from £1.09 million to £2.1 million at halftlme.261 words
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Article156 1977-03-12 4 Reuter NEW YORK, Fri. Four executives of Amrep Corporation were sentenced to six months tall and the company was fined U5545,000 for plotting; to defraud Investors out of $200 million for arid New Mexico land. The sentences were Imposed by Federal district court judge Charles MetznerReuter - 156 words
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Article48 1977-03-12 4 FRANKFURT, Frl. Hoechst has reported nonconsolidated pre-tax profit of 786 million marks (559 million marks) for the year ended Dec 31. 1976. Turnover rose 1 o 9.65 billion marks trwr 8.43 billion marks last time World turnover was 23.2 billion marks compared with 20.8 billion marks previously.48 words
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Article45 1977-03-12 4 HONGKONG, Frl Net profit at Hongkong Telephone rose to HK5137.51 million from $88.77 million last year. The company is paying a final dividend of 95 cents ($1.10), making a total of $1.35 ($1.20) on the capital Increased by the nlne-for--25 rights Issue last year.45 words
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Article803 1977-03-12 4 JOHN WICKS - By JOHN WICKS FT A SUBSTANTIAL Improvement in earnings Is foreseen by the Boise Cascade concern, one of the major forest product groups in the US. After a Jump In Income last year from U5563.9 million to $97.3 million, the company expects a further rise inFT - 803 words
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Page 5 Advertisements
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Advertisement5397 1977-03-12 5 OFFER FOR SALE 3,000,000 SINGAPORE DEPOSITARY SHARES PAYABLE IN FULL ON ALLOTMENT FUJITEC CO ..LTD. (f LJ.II TEC KAHUSH/K KA/SHAI (Incorporated under the Japanese Commercial Code and registered as a foreign company in the Republic of Singapore* representing 3,000,000 ORDINARY SHARES (the Shares OFFERING PRICE PER DEPOSITARY SHARE -U S5,397 words
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Article2093 1977-03-12 6 imm High Low Company Last Sale +arGr's dh- Dhr t'rr Gr's C Nat P/E Val <••••> Day High Law 8ECTION ONE INDUSTRIALS 175* 133 206 100 237 186 201* 204 248 460 133 127 172 60 185 66 127* 149 172 378 Acma Acma A Alcom Allied2,093 words
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Article974 1977-03-12 6 BID and offer prices officially dated 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 word "Sett". Biz Board deals974 words
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Article1259 1977-03-12 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 Asms < 1.428). A. Tap* (0.518 0 5218). AIIMI (2.008 2.088). A.1,259 words
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Article106 1977-03-12 6 STRIKING price* ot the stock options officially lilted on the Stock Exchange of Singapore, the perioda, bid and offer price* and buiinea* done yeeterday, with the number of options traded shown in brackets. D.B.S. (June $3.80) (0.188 0.218). Inckcane (June 82.40) (0.18ftB0.18ftS)(17)0.18, (11) o.lBft, (6) 0.18. 0.U.8. (June106 words
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Article130 1977-03-12 6 SINGAPORE UNIT TRUST (Maaagar'a pricM far Mir U) INCOME BOND UNIT (Carnal pricaa) The Commerce 1.77 1.87 INCOME RON n The Saving Fund 8 'pore Prog Fund S'pore Security Fund S pore Invert Fund 0.91 0.S1 ..140 ..1.05 o»e«i 0 88 1.48 1.11 MARA BUMIPUTRA FUND (Maaagari' prioaa130 words
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Article145 1977-03-12 6 B O T 8 1/2% 1981 (100,000) (102%8 103SS) D B S 8 1/2% 1982 (100,000) (1008 100*8) DBS Converts 6 1/2% 1991 (100,000) (96*8 97*8) E I B 9% 1982 (100,000) (103HB 104*8) E I B 8 1/2% 1983 (100,000) (99*8 100^8) I B J 8 1/2%145 words
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Article94 1977-03-12 6 5 1/2% 1/12/77 (1,000,000) (101.508 101 655) 5% T F 1/3/78 (1,000,000) (102.608 102.808) 5 1/2% 15/4/78 (1,000,000) (101.008 101.758) 5 1/4% 15/7/78 (1,000,000) (101.528 101.508) C 1/2% 15/8/78 (1,000,000) (103.208 103.388) 5 1/2% 1/10/77-79 (1,000,000) (101.558 101.058) 5 1/4% 15/10/79 (1,000,000) (101.088 101.188) 6 3/4% 15/6/8094 words
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Page 6 Advertisements
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Advertisement414 1977-03-12 6 THE GREAT BOOKS of the beautiful, durable bindings la the M the fundamental Ideas of PkHI HHI I m_M science, history, psychology, if Mw IWI ■■■F Here in beautiful, durable bindings Is the whole record of the fundamental ideas of mankind science, history, psychology, mathematics, theology, literature and poetry. This414 words
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Article582 1977-03-12 7 PRICEB hold fairly ateady in Inch luatre trading at the Stock Exchange of Singapore yesterday. Initially tke market moved on an easier bias. Daring the latter aoasion, however, aome inveetment support waa noted among the good class stocks. This aided sentiment generally and turned the earlier looses582 words
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Article418 1977-03-12 7 SOME mild weekend covering activity helped to reduce the extent of losses on the Kuala Lumpur stock market yesterday. Prices opened at around overnight levels and eased slightly with sharper losses noted on the finance sector In the morning. The covering activity In the afternoon418 words
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Article76 1977-03-12 7 Reuter PARIS, Frl. Esso SAF results were better in 1976 than in the 1975 year when the company reported net profit of 45 million francs, the chairman, Mr. Henri Lamalson said. Speaking at a press conference, Mr. Lamalson declined to give precise figures, saying they would beReuter - 76 words
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Article1124 1977-03-12 7 NEW YORK: Stocks firmed to Bl out a solid gam after abowUttie strong direction during most of the day on Thursday. Trading was moderate. Analysts said investors were encouraged that the labour department's report of 0.9 per cent rise In the February wholesals pries Index. the largest since1,124 words
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Article257 1977-03-12 7 AMBTERDAM: Dutch Internationals except slightly higher Hoofoven* weakened on Thursday In a generally firmer market. Royal Dutch, with 1970 results due later In the day. edged lower. Losses were led by PikM and Gitaaea and Included major banks. Insurances were mixed. Trading In Vu Nell* was suspended. Staadard Braaii257 words
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Article297 1977-03-12 7 TORONTO: Induatrlala and pepera paced a broad advance over the final two houra aa the market moved off noon lowa to cloae marginally higher In moderate trading on Thursday. Amont the major cnangss, Mssrs Corp advanced 3/9 to 333/4, Imperial Oil A 1/4 to 22, Boil Canada 1/4 to297 words
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Article348 1977-03-12 7 FRANKFURT: Most leading shares closed lower In slack trading after Wall Street's weaker trend and a bomb scare which delayed the opening, market sources said on Thursday. Minmimm lost two marks, Siemens was 1.70 easier and Bayer fell 1.00. Haaeaat, which announced higher parent company pre-tax profit In 1070,348 words
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Article147 1977-03-12 7 MILAN: Stocks were mlXed in thin dealings, bourn aourcea aald on Thursday. Generals ImmemHaro and Aesfcwruatoni GsnwaM shod pointa, while Flat, Anie and both Ptretiis aiao fell. Moaledieon cloaed unchanged and Sola Vlaeaaa firmed. Itelalder, Basted and llalnsmiat 1 gained. Bonda were little chsuiged in very quiet dealings. MAM147 words
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Article311 1977-03-12 7 ZURICH: The market closed generally steady In moderate turnover, dealers said on Thursday. Leu bearer fell In otherwise little changed major banks and Eidgeaassische Baak was weaker In financial* laterfood 'B' and Prease-Fiaaas were also lower. Insurances ruled barely steady apart from a lower Wiaterthur bearer. Industrials fluctuated narrowly311 words
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Article325 1977-03-12 7 PARIS: Shares generally eased In very quiet trading, dealers said on thursday. Engineerings, stores and electrlcals led the market lower, but steels were steady. Oils firmed, led by ElfAquitaine and Cie Franchise Dea Petrolea after Elf Aquitaiae announced a higher l(r70 dividend and CPF said It will maintain Its325 words
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Article398 1977-03-12 7 BYDNEY: Prices were slightly higher across the board in quiet trading, led by miners, dealers said on Friday The Sydney All-Ordinaries index rose 1.08 points to 432.10. Central Norseman gained 15 cents to 3.50. Robe River five cents to 1.15 and Pancontinental 10 cents to 9.20. While Bougainville, CRA,398 words
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Article527 1977-03-12 7 TOKYO: The economic atlmulatlon package announced by the government this morning failed to encourage the market, which closed slightly lower in moderate trading, dealers aaUd on Friday. The Dow Jones average lost 0.87 to cloee at 6,010.66 with volume 200 million aharea. The New Index closed at 377.41, down527 words
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Article184 1977-03-12 7 BRUSSELS: The market was sharply lower In response to Wall Street and In continued reaction to the news of a pending general election. But trading remained very quiet, dealers said on Thursday. Teaenderloo was the only local Issue to rise, though CBR was firm following news of its increased184 words
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Article185 1977-03-12 7 MANILA: The market waa mixed with mlnea lower In alow trading, dealera aald on Friday. The mining average fell 18 78 to 3116.18 while olla and commerdala were ateady. Olla turnover rose to 1.66 million pesos compared with Thursday's 0.83 million, and total turnover was slightly higher at 1.96185 words
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Article389 1977-03-12 7 JOHANNESBURG: Gold shares traded basically higher toward the close with Isolated counters moving off the top of profittaking, dealers said on Thursday. Financial minings were alto firm with Handsel snowing a rise of 20 cents to 795. Coppers were unchanged and platinums mixed while diamond counter D« Bears ruled389 words
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Article404 1977-03-12 7 HONOKONO: Share prices closed weak on profit taking and lack of incentive after a steady opening in moderate trading, dealers said on Friday. The Hang Seng Index fell 3.55 points to 419.11. Among blue chlpa Hongkong Bank fell 10 to 19.70, and Hntehieon and Who slock Mardea loat five404 words
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Article81 1977-03-12 7 MAR II BahU Asia Fibre 134 ♦2 Bangkok Bank 247 unch Bangkok Invest 158 ♦I Bangkok-Metro-politan Bank Bata 383 unch BerllJucker 173 unch Charoong Thai Wire 1448 Dumex Duslt Thanl Faber Merlin Flnt Trust Indo-Thal J And J Ho 210 ♦5 Jalaprathan Cement •0 ♦J Karnasuta LeeKwangMln Metal Box81 words
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Article62 1977-03-12 7 FINANCIAL TIMES INDUSTRIALS Thursday 413.8 Wednesday 410.2 Week Ago 412.7 DOW JONES AVERAGE INDUSTRIALS Thursday 944.73 Wednesday 942.90 Week Ago 948.64 LONDON DOLLAR PREMIUM Thursday 107*4 to 107** Wednesday 108* to 108*% H.K HANG SENG Thursday 422.66 Wednesday 419.08 Week Ago 429 08 SYDNEY INDUSTRIALS Thursday 348.56 Wednesday 349.0562 words
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Page 7 Advertisements
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Advertisement426 1977-03-12 7 THE SYNTOFICON 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 Syntoplcon 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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Article778 1977-03-12 8 AFTER an unchanged opening, the Singapore rubber market yesterday, slipped 0.50 cents on lack of Interest but recovered around mid-day on some weekend covering demand, they said. Thereafter uncertain trading conditions prevailed with prices moving marginally either way. Turnover was fair. The morning session ended778 words
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Article30 1977-03-12 8 Rubber: March 11. Singapore: April 205.50 eta. (down 0.50 ct.) Malaysia: Apr. 208.75 cU. (down 0.25 ct.) Tin: 51.58«.12'4 (down |73.gf'*j Official offering: 2bi tonnes (up 26 tonnes)30 words
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Article112 1977-03-12 8 DAILY S8R and SMR prti em at noon yeeterday: R.A.S. April May (Current MU) (Per Buyer war4 Mlhl Seller* Buvei pi Seller* (eei «U per kg) (m Hi per kg) SSR 20 (1-ton Pallet) 164.50 196.508 198 00 190 OON S8R50 (1-ton Pallet) 192 00 194.00N 193.50112 words
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Article172 1977-03-12 8 THE Straits tin price in Penang yesterday was down $73.87* to $1,580.12 ft on an official offering up 20 tonnes to 201 tonnes. In LONDON yesterday, tin prices steadied by around £25 In both contracts. Although nervous following yesterday's heavy liquidation and the big drop at Penang, the172 words
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Article120 1977-03-12 8 THE following Palm Oil prices prices are elf Rotterdam and are q 'ere quoted In London on Thursday The uoted in US dollar per ton unless otherwise stated. Thursday Pw. Malaysia 5H f fa bulk Ml sir 573 sir May/June Sumatra 5* MO sir Mch SOS sir Apl120 words
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Article216 1977-03-12 8 LONDON, Frl. Copper wlrebars finished with minor losses of fully £0.50 for Cash and £2 for Three Months In the morning. The movement took Three Months up to £899. before trade selling had a restraining Influence. Sales of 8,925 tonnes were mainly carries. Cathodes lost £2 all round in216 words
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Article287 1977-03-12 8 IN the Singapore gold market yesterday, the kilobar was traded in the range of 5511,590 to 5511,050. On a loco London basis, the market opened at U*****.80/ 140.20 In line with the lower overnight trend in the US gold futures market and was traded at the close at U*****.50/287 words
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Article202 1977-03-12 8 LONDON, Frl. 81lver finished 0.4 pence higher to 1.5 pence lower following the trend in base metals in the morning. Early pre-market easiness reflected the overnight decline in New York and nevousness after Yesterday's selling dealers said, but after trading at 284.7 pence for Three Months, prices advances steadily202 words
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Article35 1977-03-12 8 LONDON, Frl. Lead rose by £1.75 for Cash and £2.50 for Three Months in the morning. Three Months traded from a pre-market low of £405 per tonne up to a Ring high of £41.35 words
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Article65 1977-03-12 8 LONDON, Frl. Zinc rose by £1.75 for Cash and £1.25 for Three Months and was less volatile than other base metals In the morning. At the same time, some fresh buying support lifted Three Months from £430 on the pre-market to £440 in the Ring. Sales of 4,000 tonnes65 words
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Article277 1977-03-12 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PiCCL YESTERDAY. Coconut OU: Bulk 9106 sellers, old drum 1110 sellers, new drum f 115 sellers Copra Mixed (looae) UK/Cont. 884 Pepper: Muntok AST A white Job 100* NLW 1375 sellers, Sarawak white f o b. 96* NLW 9355 sellers,277 words
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Article144 1977-03-12 8 CHICAGO, Thurs. Soybean futures closed sharply lower, posting losses of 13 1/2 to 25 cents a bushel, but finished well above the day's lows. After little buying Interest appeared early to extend Wednesday's advance, local and commission house liquidation and speculative selling kept prices under pressure. The steady downward144 words
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Article166 1977-03-12 8 CHICAGO, Thurs. Weather news and the sharp losses in soybean futures created selling pressure In the wheat pit, resulting in losses of 2K to four cents a bushel at the close. The reports and forecasts of snow and rain moving across the plains and Into the mid-west put the166 words
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Article376 1977-03-12 8 THE see-saw but generally thin conditions of recent have persisted as the period saw an easier start followed by recovery, says Holiday, Cutler A Bath In Its weekly review of the Malaysian and Singapore rubber markets. With overseas advices disappointing, Initial sentiment was slightly bearish,376 words
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Article273 1977-03-12 8 LONDON, Frl. RobuaU futures closed the extended opening call £105 to £40 up from Triursay night after initial gains of between £185 to £85. Dealers said the market remained nervous following Thursday's shakeout but local dealer and trade covering together with some small blocks of self trades at the273 words
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Article244 1977-03-12 8 LONDON, Frl. Terminal opened £2.90 to £3.50 per tonne down from Thursday's closing levels In sales of 040 lots. There was some long liquidation and trade selling this mornlnc but this was generally well absorbed. Quiet conditions persisted through with prices drifting slightly below easier opening levels to finish244 words
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Article211 1977-03-12 8 BANGKOK, Frl. Indicative prices quoted for rice were: US dollars per tonne fob basis Bangkok White Rice: 100 per cent Ist class 293 100 per cent 2nd 277 100 per cent 3rd 272 5 per cent 262 10 per cent 242 15 per cent 230 20 per cent 296211 words
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MONEY AND EXCHANGES
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Article577 1977-03-12 8 SINGAPORE'S domestic money market took some Interesting turns yesterday although the market was basically flush with funds. There was mild activity In the Overnights and some interest In short date and term deposits. Overnight money came quite cheap, opening at the 2 3/4 per cent level, and strengthening marginally577 words
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Article183 1977-03-12 8 Asian rates ASIAN currency deposit interbank ratea u at clow on March U L'8 Dollar* (8»«' Offcr Bid 7 day* 4 7/0 4 1/4 1 mlh 5 via S 1/10 t mth* S 1/11 4 14/10 3 mlh* S 1/11 5 1/10 mth* 5 J/0 S 1/1 mth* S 7/0183 words
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Article152 1977-03-12 8 Euro rates LONDON, Frl. Eurodollar deposits opened basically steady and ruled little changed in early quiet trading, dealers said. A Friday end of period, however, made for an initial 1/4 fain In One Month. A continuation of recent quiet conditions was reported with customary preweekend trading a further factor tending152 words
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Article248 1977-03-12 8 LONDON, Frl. The US dollar opened weaker In Europe following the sharp gain In US wholesale prices in February. The Canadian dollar moved up to U594.70/75 cents from 94.33/ 35 cents overnight, after closing at 94.65/68 cents In New York. Sterling moved slightly higher to U581.7158/61 from 81.7155/59 overnight.248 words
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Article179 1977-03-12 8 NEW YORK, Thurs. The dollar closed weaker on balance than Wednesday night following news of the sharpest rise In the US wholesale prices for nearly 18 months In February, dealers said. The main activity centred on the Canadian dollar which closed weaker at U594.65/68 cents from 94.85/87 cents179 words
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Article165 1977-03-12 8 HONOKONO, Frl. The US dollar was being quoted at HK54.6165/ 6185 In late trading compared with an opening rate and low for the day of $4.6155/ 6170 and Thursday's close of $4.6170/ 6180, dealers said. Some dealers said the decision by Japan to reduce its bank rate to six165 words
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Article105 1977-03-12 8 TOKYO, Fri. The US dollar for overnight delivery closed higher at 282.15 yen, compared with 282.00 at both today's opening and yesterday's closing level, dealers said. The announcement of a 0.5 per cent cut In the official discount rate of the Bank of Japan had little effect on the105 words
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Article51 1977-03-12 8 RESULTS of tender held on March 11, 1977 for 81-day Treasury bills to be Issued from March 14 to March 18, 1977: Offered: 820 million Applied for: 881.400,000 Alloted: 820 million Accepted bids: 899.26 (approximately 18*; higher bids in full) Average rate of discount on allotment: 2.945*51 words
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Article60 1977-03-12 8 Minimum lending rates (in ACBC Alg emen* Link M Bangkok bank ..7 Bank of Amcrlca Bank of China 7 Bank of Tokyo .f% Bank Ntgara Indonesia 7 Chart* rad Bank ChaM Manhattan tfc DBS SW First Chicago 0V. Citibank 6* H8BC 7 Indosuet f% Malayan Banking fl*. Mitsui Bank 6*60 words
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Article53 1977-03-12 8 AUSTRALIA/NZ exchanges quoted on March 11 Australia: Sterling 0.6431/0 8360 US dollars 1.0998/1 0950 Ninety-day air mail buying rates: Sterling 0.6680 US dollars 1 1248 Ninety-day forward buying rates: Sterling 0.6497 US dollars 1 0919 New Zealand: Sterling 0.5577/0.5546 US dollars 0 9617/0.9517 Ninety-day forward rate: Sterling 0.5885 US53 words
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Article43 1977-03-12 8 ZURICH exchanges closing quotes on March 10. US 2.5595-5603 UK 4.3910-3945 Can 2.4180-4200 W Germ 106.79-88 Neth 102.51-60 France 51.31-35 Belg 6.96-96% Denm 43 49-52 Norw 48 58-62 Swed 60.60-65 Italy 0.2893-2896 Austria 15.04-06 Port 6.60-62 Spain 3.71%-72tt Arg 0.75-90 Japan 0.90'/*-9143 words
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Article33 1977-03-12 8 FRANKFURT exchanges opening quotes on March 11 US 2.3947/57 2.3957/64) Can 2.2665/85 UK 4.105/120 Neth 95.87/96.02 Swlti 93.50/65 Italy 2.705/715 France 47.90/48.00 Norw 45.47/55 Belg com 6.495/510 Belg fin 6.51/53 Japan 0.8488/9833 words
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Article315 1977-03-12 8 LONDON, Frl. Straight Eurobonds held steady at the higher levels reached yesterday afternoon US dollar convertibles tended higher following the upturn on Wall Street but Japanese bonds were virtually unchanged. LONDON Eurobond price* on March 11 Straight* Bid Offer Auitna 8 V, 00 100S 101* Bell Canada 8*.315 words
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Page 8 Advertisements
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Advertisement155 1977-03-12 8 TOP EXECUTIVE how to achieve it .how to hold it...TODAY.. ...is for YOU the fe younger executive 3b orce^ fast-reading new Guide exposes the T I dynamic strategies seldom openly discussed and ft almost unknown to the younger man who needs r Now you can learn: t 3| how to155 words
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TRANSPORT AND COMMUNICATIONS
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694 1977-03-12 9 JAY PALMER - By JAY PALMER FT BOEING, the Seattle-based maker of the 707, 727 737 and 747 Jumbo Jet, is the world's largest producer of commercial Jet aircraft, accounting for, in its own estimate, over 80 per cent of the non-communist market. AsideFT - 694 words
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1681 1977-03-12 9 MICHAEL DONNE - The British aircraft industry has been organising its own future as a state-owned concern By MICHAEL DONNE FT NOW THAT the controversial shlprepairlng clauses have been dropped from the Bill nationalising the aircraft and shipbuilding Industries, It Is intended that tne legislation willFT - 1,681 words
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Article197 1977-03-12 9 AP LONDON, Fri. A healthier volume of chartering yesterday augured well for shipowners' rate prospects in the North Atlantic as grain, coal and scrap fixing absorbed numerous-March and April loaders. US Oulf grain rates held steady when a 72,000-ton March 19-28 loader obtained US$4.B5 (FIO). Other transAP - 197 words
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Article31 1977-03-12 9 Reuter STOCKHOLM, Frl. A Scandinavian Airline System (SAS) delegation left here today for Hanoi to discuss air traffic arrangements with Vietnamese authorities, a spokesman announced. Reuter.Reuter - 31 words
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225 1977-03-12 9 Reuter CAPE CANAVERAL, Fri. A second communications satellite for Indonesia, Palapa Two, was launched here last night. The 1,268-pound satellite was launched on a Delta rocket by the National Aeronautics and Space Administration (Nasa). It will be eventually positioned over the Indian Ocean. Indonesia isReuter - 225 words
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Article, Illustration399 1977-03-12 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Hong Leong (0700 subject free board) (after Basca) 24 Hulda Maersk (after Benloyal) (D/L) 33/34 King Tower (0600 subject free board) (after King Pearl) 23 Maaskerk (Tanker) (after Maritime Shoun Travtata hauls) (sublect gas free) (P/O) 13/14 Mikhail Vladimirskly (1800) 18 Nlssei Maru399 words
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Article581 1977-03-12 9 ARRIVALS Service Operator Number Local Time From CPA CAL MAS JAL CX003 CI333 MH682 JL712 0145 HKO 0040 TPE/HKG/KUL 0810 KCH 1000 HLP CAL SIA OIA CPA CI814 SQ211 OA980 CX710 1000 HLP 1010 HLP 1030 HLP 1030 HLP THAI OIA RBA SIA TO 423 GA908 BI325581 words
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Page 9 Advertisements
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Advertisement423 1977-03-12 9 SINGAPORE i y t* V i > The people who matter already know us. Join them. Get a copy from your newsvendor or mail this coupon now and get a free slip-case which will hold the 12 issues. Subscribe now and get 12 issues of Singapore Business and 1 copy423 words
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72 1977-03-12 10 THIS Thyssen "Purofer" unit, installed at the Costgua plant in Guanabara, Brazil, and designed for hot-charging direct into the steelworks, produces 360,000 metric Urns of sponge iron per annum Feedstock is heavy fuel oil. "Purofer" iron briquettes, easily handled and impervious to72 words
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Article, Illustration886 1977-03-12 10 HENRY KAMM - By HENRY KAMM NYT HOW TO support a nation that genuinely fears an attack from across its border without bolstering Its government, which uses the outside threat to enforce repressive domestic policies. Is President Carter's problem in South Korea. South Korea is not likeNYT - 886 words
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2137 1977-03-12 10 COLIN CHEE - Concluding the survey on gold markets... »y COLIN CHEE SINGAPORE is decidedly moving towards the establishment of a general commodities exenange, starting with a market In gold futures. This is a shift away from the original conception of a gold futures exchange. In addition to2,137 words
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1598 1977-03-12 10 JOHN CURRAN - Mr. Curran, managing director of Singmas Limited, sets out the method of trading in gold futures in the North American markets and provides examples of the ways in which gold dealers and financiers use those markets. The special characteristics of the futures1,598 words
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Page 10 Advertisements
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Advertisement368 1977-03-12 10 NEW DIRECTIONS The magazine that actually says what you have been thinking a. all along. jQk New Directions quarterly was born in late 1973 and has since then quietly set about its task to enhance the intellectual climate in Singapore, to stimulate the spirit of debate and to cast light368 words
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378 1977-03-12 11 Reuter NEW YORK, Frl. Efforts to accelerate further the expansion of the.German and Japanese economies will provide little benefit to world business, Citibank economists argue In the current Issue of the bank's monthly economic letter. They agree with fears of officials In BonnReuter - 378 words
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267 1977-03-12 11 Reuter COLOMBO, Fri. Sri Lankan Prime Minister Mrs. Slrlmavo Bandaranaike today created a new ministry for textile industries and reshuffled her Cabinet. The changes followed last week's resignation of the Industries and Scientific Affairs Minister, Mr. Tlklrl Banda Subaslnghe The new manReuter - 267 words
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380 1977-03-12 11 KUALA LUMPUR. Frl. Agreements on two loans totalling Ms3l million extended by the Commonwealth Development Corporation to the National Electricity Board and the Gula Padang Terap Berhad were signed at the Federal Treasury here today. The loan for the sugar project in380 words
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167 1977-03-12 11 Reuter UNITED NATIONS, Frl. The African group In the United Nations today called formally for a Security Council meeting to consider the situation in South Africa. They are expected to ask application of a mandatory embargo on arms sales, curbs on foreign InvestmentReuter - 167 words
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Article38 1977-03-12 11 THE Department of Commercial Relations of the Thai Ministry of Commerce. together with Metro and Thai International, will hold a 10-day export promotion exhibition of Thai Broducts in Singapore at letro Orchard next Friday (March 18).38 words
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310 1977-03-12 11 UPI LONDON, Frl. A decision by a court of appeals has cleared the way for the Indonesian Ministry of Industry. to sue the Rasu Marltlma S.A. of Liberia for damages for wrongful detention of property, an Indonesian shipping spokesman said yesterday. HeUPI - 310 words
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Article117 1977-03-12 11 LONDON. Frl. Barclays Bank said it cut Its base rate to 10.5 per cent from 11.5 per cent, effective from the close of business today. Barclays also said it cut its deposit rate to 6.5 per cent from eight per cent. The bank Is the first of117 words
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Article88 1977-03-12 11 Reuter MANILA, Fri. A Japanesesteel mission has recommended to the Philippine Government the establishment of a blast furnace, estimated to cost USSI billion (552.45 billion), with a capacity of one million tonnes in the southern province of Misamls Oriental, Philippine officials said. Industry Secretary VicenteReuter - 88 words
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Article73 1977-03-12 11 Reuter DACCA, Frl. Bangladesh will now allow repatriation of foreign companies' profits and dividends earned in Bangladesh, the central bank said in a statement. Up to now, foreign companies could repatriate only 50 per cent of profits, dividends and technical fees, and even then, onlyReuter - 73 words
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Article393 1977-03-12 11 UPI WASHINGTON, Frl. An offer of U553.25 billion (SSB billion) In reconstruction aid was made by President Nixon to North Vietnam In 1973 but is not binding upon the Carter Administration, a high ranking State Department official told Congress yesterday. "It is notUPI - 393 words
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241 1977-03-12 11 Reuter LONDON, Fri. An executive of Globtik Tankers, whose ejection of 28 striking Filipinos from one of its vessels started a bitter maritime controversy, said last night that the company had decided not to employ Filipinos again in its ships. Finance director Leonard Jones alsoReuter - 241 words
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132 1977-03-12 11 THE Department of Statistics has compiled and published the Singapore Manufacturers and Products Directory 1976. The directory is intended for both local and foreign traders and bdfclnessmen in their sales promotion. It should also serve as an invaluable frame for sampling manufacturing establishments for market132 words
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129 1977-03-12 11 UPI LAHORE, Fri. Pakistan's nine-party opposition political alliance, which was trounced by the country's ruling party In national elections, called yesterday for new balloting under the direct supervision of the army. The call was made by Mr. Ghafoor Ahmed, a spokesman for theUPI - 129 words
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Article125 1977-03-12 11 KUALA LUMPUR. Frl. Deputy Prime Minister and Education Minister Dr. Mahathir said today the Government was doing everything possible to make It easier for foreigners to Invest in this country. He said this to Malaysian ambassadors and high commissioners accredited to Asia and north Africa125 words
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Article71 1977-03-12 11 THE National Productivity Board will organise two courses on capital budgeting and on negotiating the collective agreement at Its Town Training Centre next month. The first, from April 11 to 19. is meant for senior managers and finance executives Involved with capital budgeting policies and decisions. The71 words
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Article62 1977-03-12 11 AP REYKJAVIK. Fri. The Icelandic Aluminium Company has signed an agreement with China to sell Its 3,000 tonnes of aluminium Ingots at a cost of USS2.9 million (Ss7 million), the company announced yesterday. According to the agreement, the aluminium will be delivered in June and the ChineseAP - 62 words
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Article506 1977-03-12 11 AP SEOUL, Frl. South Korea's textile Industry, heavily export-oriented, expects continued growth this year, although at a reduced tempo than last year, due to growing overseas Import controls and cost push-up factors Including wage hikes. The government has set this year's textile export target at US$3.3AP - 506 words
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Article, Illustration172 1977-03-12 11 BRITAIN OUR SPECIAL FRIEND Reuter WASHINGTON, Fri. President Carter and British Prime Minister James Callaghan hold talks here today after emphasising that a special relationship and unshakeable friendship exists between their countries. Welcoming Mr. Callaghan to the White House for their first meeting yesterday, Mr. Carter spoke of an "unshakeableReuter; the national anthem* were being played in the ceremony to welcome the British Prime Minister. — UPI Photo - 172 words
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588 1977-03-12 11 Reuter NEW DELHI, Frl. The result of elections In Pakistan made It essential that India should have a strong and stable government capable of meeting external threats, Prime Minister Indira Gandhi said yesterday. Referring to the sweeping victory of Prime Minister Zulfikar All BhuttoReuter - 588 words
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Article248 1977-03-12 11 Reuter LUXEMBOURG, Frl. Portuguese Premier Mario Soares, on the last'but one stage of a tour of Common Market capitals, said last night he had found favourable and understanding attitudes everywhere towards Portugal's bid for EEC membership. But Dr. Soares told a press conference thatReuter - 248 words
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Article99 1977-03-12 11 Reuter MANILA. Fri. The Philippines' Energy Development Board chairman Geronlmo Velasco signed an agreement In Kuwait for a 3.5 million dinar loan from the Kuwait Fund for Development. government sources said. The money will be used to help finance electrification projects in the southern province ofReuter - 99 words
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Page 11 Advertisements
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Advertisement273 1977-03-12 11 APPOINTMENTS The Straits Group LEGAL OFFICER We are looking for a barrister, solicitor or holder of a recognised law degree with some experience to assist the Group Legal Adviser. The successful applicant would be in the age range between 25 and 35 years. A minimum of 3 years experience would273 words
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Advertisement356 1977-03-12 11 A maior international Company engaged in a diverse range of manufacturing and marketing activities requires a PROJECT ENGINEER The successful candidate will be required to assist in the planning, development and co-ordination of telecommunication projects. He will be responsible for the supervision of projects during the various implementation phases Projects356 words
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315 1977-03-12 12 AP WASHINOTON, Fri. Japanese Ambassador Fumihlko Togo said day he has found that Southeast Asian nations welcome American participation in Asian affairs as a safeguard for their independence. Within the "framework of power balance In the western Pacific among the United States,AP - 315 words
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Article60 1977-03-12 12 Reuter TOKYO, Fri. Japan's Lower House of Parliament today set up a subcommittee to investigate the activities of multinational companies. Details of the activities of the 14-man sub-committee, which will operate within the Foreign Affairs Committee, have not yet been announced. Rut its establishment is believedReuter - 60 words
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Article822 1977-03-12 12 Reuter AP UPI LONDON, Fri. The ban on the use of saccharin announced two days ago by the United States and Canada caused a sharp rise In sugar prices here for the second day In a row. Raw sugar prices on the London market roseReuter; AP; UPI - 822 words
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Article821 1977-03-12 12 LONDON, Frl. Government bonds scored a broad advance during the afternoon session with operators tending to Ignore the news that British Ley land toolroom workers voted to continue strike action. The main stimulant In the bond market was the retntroductlon of the marketrelated formula for the Bank of821 words
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Article64 1977-03-12 12 SING Koon Seng, a local shipyard, recently won a $11 million contract to build two ships for a Norwegian shipowner. The Norwegian company, Slmonsen and Slang, ordered two bulk-carriers, each 2,000 dwt In size. This Is the largest contract won by Sing Koon Seng this64 words
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Article44 1977-03-12 12 THERE were 49 industrial disputes last December. This figure was seven fewer than November, Indicating a slight Improvement In the labour-management scene. All the December disputes Involving 6,387 workers were referred to the unions and the Labour Ministry for conciliation.44 words
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IN PARLIAMENT YESTERDAY
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736 1977-03-12 12 AN MP yesterday urged that the Economic Activation Committee, on which site senior civil servants, should be reconstituted and delegated decision-making powers In order that changes In priorities to meet changing circumstances can be quickly reflected In the actions of the736 words
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Article392 1977-03-12 12 MR. Hwang 800 Jin, the MP for Jal&n Kayu, yesterday urged the Minister of Finance to review the tax system In Singapore, which he said was clearly unsuitable for a fast changing society. While the Minister made reference to rewards being given to those who392 words
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Article275 1977-03-12 12 THE Foreign Minister Mr. S. Raja rat nam. yesterday exonerated the governments of Britain and Malaysia from responsibility in the mounting of the black operations that have been revealed by various political detainees. In reply to a question posed by Mr. Ng Kah Ting,275 words
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506 1977-03-12 12 AN MP and political scientist yesterday told the House that the need for a viable defence system for Singapore is imperative in view of uncertain political developments in the region. Dr. Lau Telk Soon MP for Se ran goon Garden s, noted506 words
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371 1977-03-12 12 DR. Augustine H. H. Tan, the MP for Whampoa, yesterday spoke about the decline of certain segments of capital expenditure and sounded a warning about the threat to economic recovery if the volume of investments In plant and machinery, works and buildings does371 words
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Article, Illustration50 1977-03-12 12 Giap takes the salute Moscow, Fri. Soviet Defence Minister Dmitri Ustinov (left) end Vietnam's Minister for National Defence, Gen. Vo Ngyuen Giap, saluting as they review the guard of honour at Vnukoro Airport following the arrival here of a Vietnamese military delegation on an official visit. UPI photo. UPI photoUPI photo - 50 words
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Article104 1977-03-12 12 A CANADIAN trade mission from the province of Quebec arrives here today to study ways and means of increasing trade between Canada and the Asean nations. Canada's total trade with Asean countries is fast approaching the US$5OO million (Ssl.2 billion) mark and Singapore-Canada trade alone accounts104 words
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388 1977-03-12 12 COMMERCE and nature come together to produce a unique foreign trade zone (similar to our free trade zone) In Kansas City, known as the Inland Storage Distribution Centre which Is also the world's largest public warehouse under one roof. Inland Centre Is built Inside388 words
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Article, Illustration510 1977-03-12 12 DETAINEE Arun Senkuttuvan has admitted he used his position as a writer to portray the Singapore Government as undemocratic, totalitarian, autocratic and oppressive. In a confession released yesterday, Arun said: "I relied heavily on half-truths acquired from my discussions with O. Raman510 words
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Article30 1977-03-12 12 UPI LONDON. Frl. The Times appeared for the first time In a week today when striking machine room workers ended their unofficial walkout and produced the newspaper. UPI.UPI - 30 words
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