The Business Times, 14 March 1977

Microfilm: NL9063
Total Pages: 10
1 10 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 MONDAY, MARCH 14, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon Plan for separate bumi exchange
      129 1 Reuter ALOR STAR, Sun. The Malaysian Government la considering setting up a separate stock exchange for bumlputras, Deputy Prime Minister Dr. Mahathir Mohamed has said. Speaking yesterday at a chamber of commerce meeting here, he said the dual stock exchange system and a holding company
      Reuter  -  129 words
    • Article
      Lock icon I hate to see it ...
      82 1 I hate to see it Reuter WASHINGTON, Sun. British Prime Minister James Callaghan said in a television interview broadcast today he would be very loathe to see any retaliation against the United States if the Concorde was denied landing rights at New York. The interview was recorded during Mr. Callaghan's
      Reuter  -  82 words
    • Article
      Lock icon Thais kill 50 Reds
      62 1 Reuter BANGKOK, Sun. Some 50 communist guerillas were killed when government forces attacked a large Jungle camp In southern Thailand, local newspapers reported today. Official confirmation of the reported guerilla casualties was not Immediately available. The reports, quoting officials In Nakhon Si Thammarat, said about 50
      Reuter  -  62 words
    • Article
      Lock icon 'Teng is PM' posters
      66 1 AP HONGKONG, Sun. Wall posters In the southern city of Canton have announced the appointment of Tseng Hsiao-ping as China's Premier and vice chairman of the Chinese Communist Paty, newspapers here said yesterday. Mln Pao, a respected Independent Chineselanguage dally, and the antl-communlst Kung Sheung Dally
      AP  -  66 words
    • Article
      Lock icon Low on popularity
      100 1 Reuter TOKYO, Sun. The three-month-old administration of Prime Minister Takeo Fukuda is supported by 33.5 per cent of the Japanese people the lowest popularity rating for any Cabinet Immediately after Inauguration, according to a poll announced today. The poll was conducted by the Japanese news agency Kyodo
      Reuter  -  100 words
    • Article
      Lock icon Uganda threat
      73 1 UPI NAIROBI, Sun. Uganda today threatened to "bring pressure" against American and British citizens, accusing them of spreading lies about that country. It was the most ominous statement about the safety of foreign nationals In Uganda since President Idl Amln recently banned the American community from leaving Uganda
      UPI  -  73 words
    • Article
      Lock icon 'UK can't bar Amin'
      65 1 Reuter OTTAWA, Sun. Prime Minister James Callaghan said here Uganda President Idl Amln wants to attend the June Commonwealth Conference In London for publicity purposes but Britain has no power to bar him. "Public opinion in the United Kingdom is highly indignant at what has taken
      Reuter  -  65 words
    • Article
      Lock icon Citibank rate unchanged
      26 1 Reuter NEW YORK, Sun. Citibank said its floating prime lending rate will remain unchanged at 6% per cent for the coming week. Reuter.
      Reuter  -  26 words
  • Article
    TOP TEN STOCKS
    110 1 THE following list of stocks gives the 10 most traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1976/77. Company Turnover •ooo Price* Mar 11 High 1976/77 Low
    110 words
  • LOCAL STOCK INDICES
    • Article
      SINGAPORE
      70 1 Mar 7 Mar 8 Mar 9 Mar 10 Mar U B.T. Index: 263.88 261.61 262.60 261.39 261.63 •Industrials: 253.32 252.21 252.17 252.14 252.77 Finance: 438.26 436.73 437.18 435.65 434.48 ••Hotels: 157.22 156.95 158.65 158.65 158.58 •Properties: 144.89 144.50 144.42 141.94 142.01 ♦Tins: 105 96 106.09 106.29 106.09 106.95 rubbers:
      70 words
    • Article
      MALAYSIA
      77 1 Mar 7 Mar 8 Mar 9 Mar 10 Mar 11 +B.T Index: 199.25 199.69 199.06 200.74 201.67 'Industrials: 277.12 276.44 276.60 276.10 276.03 ©Finance: 370.82 369.64 369.14 369.25 365.78 ••Hotels: 171.35 171.35 171.46 171.46 171.46 •Properties: 140.44 139.78 139.48 139.56 139.53 +Tlns: 106.59 109.37 109.71 109.91 100.71 +S rubbers:
      77 words
  • Article
    Lock icon Indonesia more flexible on oil ventures: Report
    301 1 Reuter HONGKONG, Sun. The Asian Wall Street Journal said Indonesia's top oil officials have Indicated the Government might allow participation by foreign firms In some areas that up till now have been reserved exclusively for Pertamlna. It said In separate Interviews with the
    Reuter  -  301 words
  • Article
    Leyland crisis
    63 1 LONDON, Sun. British Prime Minister James Callaghan today returns from talks on world issues to a domestic industrial dispute that threatens to crlpple permanently the country's biggest carmaker. The first decision facing him will be whether the government should continue to prop up the ailing motor company with
    63 words
  • Article
    11 firms which can give that vital boost to petro-complex
    849 1  -  By By RONNIE LIM and COLIN CHEE PROSPECTS of the $2 billion Sumitomo petrochemical complex at Pulau Ayer Merbau taking off speedily depends to a large extent on whether 11 other Japanese petrochemical companies decide to come In as partners.
    849 words
  • Article
    Lock icon Panel urges Carter to increase deficit
    769 1 NYT WASHINGTON, Sun. The Joint economic committee of Congress said over the weekend that President Carter's economic stimulus for 1978 will not bring the unemployment rate down fast enough, and recommended new tax reductions and job-creating programmes that would enlarge the projected deficit by
    NYT  -  769 words
  • Article
    Mutual self-reliance trend in Asean
    230 1 THE slapping of -Import quotas on Asean-made calculators and textiles has eroded the association's faith In industrialised nations as a market for light manufactured goods. This factor, together with recent developments such as high Inflation, oil price hikes and monetary Instability, have prompted Asean leaders
    230 words
  • Article
    INCHCAPE US$25m BOND
    114 1 INCHCAPE (Bermuda) will issue a UBS2S million (8961.5 million) convertible bond guaranteed by its pucsl company, lnchcape of Load—. The bonds, expiring in 19*2, are expected to carry a coupon rate of seven per cent, payable eemi-annual-ly. They will he convertible an and after Oct IS, 1977
    114 words
  • Article
    Lock icon Need for further cut in Tokyo bank rates
    517 1 Reuter UPI. TOKYO, Sun. A further cut In Japanese bank rate, following yesterday's reduction to six per cent from 0.5 per cent, will probably be necessary to provide really effective monetary policy stimulus to the economy, bank economists here said. They generally
    Reuter; UPI.  -  517 words
  • Article
    Lock icon Japan GNP growth improves markedly
    395 1 Reuter TOKYO, Sun. Japan recorded a real Gross National Product growth of 6.3 per cent for 1976 a marked Improvement on the 2.4 per cent rise In 1975, the Economic Planning Agency announced on Thursday. The GNP rose 0.6 per cent In real terms In
    Reuter  -  395 words
  • Article
    Lock icon BONN OUTPUT INDEX UP
    135 1 Reuter BONN, Sun. The West German industrial production index rose a seasonally adjusted two per cent in January over December, the Economics Ministry said. An Economics Ministry spokesman said the index in January, base 1970, reached a provisional 116 against 114 in December, when it was
    Reuter  -  135 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      57 1 Wayfoong Montage you need and Finance (Singapore) Limited ll ITIOSt Shaw House. Ground Floor. 354 Orchard Road Singajjore 9. TH *****7. Lei«urc/rv A Radio Leisure/Crosswords FMtUTM International Co. Onmu newt P 2 Local Co new*/ Shan p ir formation P Overseas mark eta P P 4 Commodities P ft Sports
      57 words
    • Advertisement
      Page 1 Advertisements Column 2
      57 1 RECORD < m w m t PLAYBACK 1 HI Vi 'Z VO-1810 ITS A SONY" •Dual system: Displays both PAL and modified NTSC colour recording when combined with both CVM-1810E&V0-1810. Receives and records TV programmes off the air. Fully Automatic, solid state circuitry. For further information please contact: Setran Electronics
      57 words
    • Advertisement
      Page 1 Advertisements Column 3
      3 1 SEE PAGE 4
      3 words
    • Advertisement
      Page 1 Advertisements Column 4
      169 1 L Albert Photo For the best in photographic ,niBhoo r s equipment ME AD Of f >Cfc ■-t H,.of H" fvi'rt T iiHip Mete S'nqjpuMl O" hd'flf'-n) S'nq.toofe9 Te 371?0j t7Jl4i i&i V ft s a s Why the Excelsior That's your business The reason might be the Executive Business
      169 words
Page thumbnail Page 2
  • Article
    LITTLE TIME FOR TALKS IN DEPTH
    798 2 LEADERS of the major non-communist Industrial powers the United States, Canada, Japan, Britain, West Germany, Franc and Italy will meet for a two-day summit In London early In May. The main purpose of the gathering will be to discuss economic questions, but President Carter,
    798 words
  • REVIEWS
    • Article, Illustration
      Lock icon Art thieves plunder the antiquities of Europe
      1145 2  -  ART »y ALINE MOSSY in Pari* UPI JUST BEFORE a cold dawn last Jan 9, the rain was hammering noisily on the 18th century cathedral In the Spanish town of Murcla. The caretaker huddling next to his heater never heard the thieves who
      UPI  -  1,145 words
    • Article
      Lock icon Big repair bill after 1,000 years of wear
      884 2  -  B* NORRIS WILLATT in Milan Financial Times NewsFeature IF YOU are visiting Italy this year, be prepared for a disappointment In Milan. The city's renowned art gallery, the Brera, will be closed for repairs. It may be as long as five years
      Financial Times News-Feature  -  884 words
    • Article
      Never expect the composers to always keep faith
      846 2  -  MUSIC By CKT ONLY the cognoscenti, hardened by constant heartbreak, would never expect the classical composers to always keep faith by the listener. Schubert's Unfinished Symphony is hardly the single masterwork to leave the newcomer feeling somewhat high and dry. You could
      846 words
    • Article, Illustration
      Lock icon The best bits are a series of scattered fragments
      833 3 BOOKS The Economist "The Age Of Uncertainty By J.K. Galbraith. BBC and Deutach. 366 pages. £7.25. PROFESSOR GALBRAITH is Justly celebrated as a critic of contemporary society and of academic economics In all Its forms. His books are extremely well written
      The Economist  -  833 words
    • Article
      A good book for students of industrial democracy
      487 3  -  By CHRISTIAN TYLER (Financial Times). Trade Union* in West Germany by E. C. M. Cullingford. Wilton House Publications, 16 Rifency Street, London, SWI. STUDENTS of Industrial democracy or Bullocracy as perhaps It should now be called will find a recently-published book about
      487 words
    • Article, Illustration
      ONE MAN'S WEEK
      1515 3  -  BY ONG LING CHUAN Mr. Ong Leng Chuan ia the chairman of the Singapore Manufacturers' Association. ECONOMIC development In the context of Singapore Includes an industrialisation programme carefully conceived and actively Implemented since the early *****. This was peremptory as It was recognised even then that the
      1,515 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      171 2 Your important contacts are made at Hanover Fair '77 April 20 28 Advertising Building materials and components, prefabricated and system building Catering Chemicals, rubber and plastics technology Cleaning and maintenance of property Construction equipment Decorative consumer goods Distribution of electricity Domestic electric installations and equipment Electric lighting Electronic components and
      171 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      362 2 WEATHER report for 24 hours prior to 7.30 p.m. on March 13 at Singapore airport. Maximum temperature 30.9° C Associated humidity 62 Minimum temperature 23.2° C Associated humidity 98 Hours of sunshine 8.00 Rainfall in millimetres Nil Total rainfall for the month 12.2 Total rainy days for the month 2
      362 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      853 3 NATIONAL DISCOUNT COMPANY LIMITED (Incorporated in the Republic of Singapore) BALANCE SHEET as at 31st DECEMBER, 1976 SHARE CAPITAL Authorised, issued and fully paid 5,000.000 shares of $1 each REVENUE RESERVES General reserve (Note 1) Profit unappropriated Total Capital and Reserves CURRENT LIABILITIES AND PROVISIONS Deposits of customers (Note 2)
      853 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      418 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Not for the first time, he's concerned (6) 7 Merchant no longer stout (8) 8. In which dad's cough-mixture goes up in smoke (4) 10 Motoring club (8) 11 Package to handle roughly (6) 14 Determined to be hard (3) 16 Early bird (5)
      418 words
Page thumbnail Page 4
  • Article, Illustration
    Lock icon The Opec conflict leads to a world-wide oil price muddle
    1325 4  -  By RICHARD JOHNS in Jmldah FT THE CONFLICT over oil prices within the Organisation of Petroleum Exporting Countries Is by no means resolved, much to the consternation of refiners and the oil products market. The oil pricing muddle, which extends
    FT  -  1,325 words
  • Article, Illustration
    Inflation rate in Australia rocks the govt
    1002 4  -  Br VINCENT STOVE in Sydney AUSTRALIANS are learning to live with Inflation but they do not particularly like what they are learning. The Australian Government Is also trying to live with Inflation, while It tries desperately and without much success to keep It
    1,002 words
  • Article, Illustration
    New air handling unit for hospitals
    314 4 THE Carrier Machinery and Systems division of Carrrler Corporation has developed a double-flltratlon air handling unit specifically far hospitals and health clinics, ft will be marketed through 58 sales offices and also through the Carrier distributor-dealer organisation. The Weathermaker air handling unit Model 30E
    314 words
  • Article, Illustration
    Lock icon The dispute over Carter's new economic package
    1072 4  -  By PAUL LEWIS in New York NYT WHAT IS the best way to stimulate business In the United States assuming you agree that It needs pepping up. The question has been raised increasingly In recent weeks as Congress, numerous special interest groups and
    NYT  -  1,072 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      93 4 VAPORAX The third generation automatic packaged steam boiler that helps you cut costs in I four different ways m Faster steaming times Less floor area required Higher efficiency lower capital cost Now manufactured in Malaysia Available from 150 kg/hr to 5000 kg/hr capacity and working pressures 10,15, 20 kg/cm 2
      93 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      191 4 THE CROSSWORD SOLUTIONS Cryptic Solution Easy Solution ACROSS 1, Second. ACRO&S. 1 Flower. 7, Exporter. 8, Pipe. 10, 7, Obsolete. 8, Diva. 10, Driver. 11, Bundle. 14, Looted. 11, Resist. 14, Set. 16, Layer. 17, Year. Sex. 16, Rates. 17, Seer. 19, For-ay. 21, Wider. 22, 19, Saved 21, Fired.
      191 words
Page thumbnail Page 5
  • OVERSEAS
    • Article
      Lock icon Charter Cons sees strong metal demand
      397 5 Reuter LONDON, Sun. The Charter Consolldated's semi-annual Metals Outlook anticipates a further strong increase of 10 to 15 per cent In metals consumption this year, following the 15 to 20 per cent last year. It looks for most metals to exceed their 1973 and
      Reuter  -  397 words
    • Article
      Lock icon Hope for early review of GSA stockpile
      335 5 Reuter BAL HARBOUR, Sun. Major General Leslie Bray Jr. director of the Federal Preparedness Agency, said he hopes the Carter Administration will conduct Its review of the nation's strategic stockpile within the next four to six weeks. Speaking Informally to the 64th annual
      Reuter  -  335 words
    • Article
      Lock icon THE FINE BALANCE OF POWER IN ASIA
      158 5 Reuter TOKYO, Sun. Japanese Prime Minister Takeo Fukuda and Defence Chief Asao Mlhara agreed today that a sudden change In the existing delicate power balance on the Korean Peninsula might hinder peace and stability In Asia, Including Japan. Government sources said. In their
      Reuter  -  158 words
    • Article
      Lock icon Tough stand by Soviets likely in fishery talks with Japanese
      634 5 AP TOKYO, Sun. Outcome of the Japan-Soviet fishery talks which open simultaneously In Tokyo and Moscow on Tuesday may determine whether Japanese continue fishery operations In the Northern seas In light of the Soviet declaration of the 320 km exclusive
      AP  -  634 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Ban leads to trimming of profit estimates
      919 5 Reuter NEW YORK, Sun. Securities analysts have begun trimming profit estimates for most soft drink producers and bottlers because of the US and Canadian ban on the use of saccharin as a sweetener. Canadian health minister Marc Lalonde said last week that Canada
      Reuter  -  919 words
    • Article
      Lock icon US business outlook for 1977 is brighter
      281 5 Reuter NEW YORK, Sun US business expects 1977 pretax profits to rise 14 per cent over 1976 to U*****.5 billon, Macgraw-Hlll Publications' survey of corporate profit trends shows. McGraw-Hill said 81 per cent of firms surveyed expect higher pre-tax profits and 56 per
      Reuter  -  281 words
    • Article
      Lock icon Good second half for Norsk
      244 5 Reuter AMSTERDAM. Sun. Norsk Hydro said its pretax profit in the second half of fiscal 1976/77 ending June 30 is expected to about equal the first half's 117.2 million Norwegian crowns. Second half operating result Is expected to slightly exceed the first half's 253.4 million
      Reuter  -  244 words
    • Article
      Lock icon IBM optimistic about future
      202 5 Reuter PHILADELPHIA, Sun. International Business Machines is optimistic about Its future growth prospects, chairman and chief executive Frank T. Cary told analysts here. "Prospects for growth hinge on the economy and we expect the economy to Improve and look for the US to lead the way,"
      Reuter  -  202 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      222 5 SAVINGS IS CARRIER m ,:r--•>'•8 m ■M mm ■H wWmm m m mm $0^ <* v x A 0m The Carrier Variable Air Volume System The energy saver It uses 35% less energy than a conventional dual duct system. And 40% less than a terminal reheat system. That's because the
      222 words
Page thumbnail Page 6
Page thumbnail Page 7
  • WALL STREET AND OTHER OVERSEAS MARKETS
    • Article
      New York
      1051 7 NEW YORK: Stocks turned In a lackluster performance after a strong opening failed to maintain its momentum on Friday. Analysts said Investors backed away when carryover buying from Thursday dried up. They said Investors are awaiting some definitive indicator of the health of the economy and the strength
      1,051 words
    • Article
      Amsterdam
      280 7 AMSTERDAM: Shares generally weakened In quiet' conditions on Friday, with Royal Dutch lower In Dutch Internationals In spite of Its higher 1976 dividend and profit announced on Thursday Elsewhere declines were led by Van Ommeren, KLM, National* Nederlanden and Bergoaa. 801 l and Gieaaen led gains against the trend
      280 words
    • Article
      Toronto
      317 7 TORONTO: Papers hit a two month Index high but the balance of the market closed slightly lower In moderate trading on Friday. Maaaey-Ferguaon climbed ft to 20ft. The company said It expects a record second half despite sharply lower first quarter earnings. MEPC Canadian Properties jumped 1 ft to
      317 words
    • Article
      Tokyo
      407 7 TOKYO: shares prices fell sharply with the average falling below 5,000 the first time In nearly a month, dealers said on Saturday. The Dow Jones average lost 55.50 to close at 4,955.15 with volume 120 million shares. The New Index closed at 374 82 down 2.60 The second market
      407 words
    • Article
      Zurich
      235 7 ZURICH: The market closed generally slightly higher In light volume, encouraged by the better performance on Wall Street dealers said on Friday. Banks showed only small gains apart from Leu shares and rights which rose markedly. Both Swiaaair edged lower The Credit Suisse Index rose 0.7 point to 224.2.
      235 words
    • Article
      Paris
      338 7 PARIS: Shares closed mostly higher as a result of bargain hunting following the lower trend of the last few days and despite the weakness of the franc and the H point rise In French call money, dealers said on Friday MAR II Frs CORBEILLE Alr-Llqulde 343 50 +2 B
      338 words
    • Article
      Brussels
      125 7 BRUSSELS: The market was mixed with a lower bias In hesitant trading prior to the weekend, dealers said on Friday. US Petroflna was unchanged, Petroflna firmer and Canadian Petroflna a shade easier. MAR II Frs FORWARD MARKET Acec 362 -I Arbed 3220 -5 Astur looe +8 Brascan 480 -5
      125 words
    • Article
      Jo'burg
      340 7 JOHANNESBURG: Oold shares traded basically steady at lower levels as dealers consolidated positions ahead of the weekend, market sources said on Friday. Industrials were fairly active but prices tended to drift lower. MAS II Rnwl INDUSTRIALS A Alpha Abercom 235 AE And CI 190 AMIC 805 Barlows 285 unch
      340 words
    • Article
      Milan
      132 7 MILAN: The market closed mixed In quieter trading on Friday Leading Industrials were narrowly mixed with both Pirelli and Olivetti ordinary firmer while Olivetti privileged. Fiat, Anic and Snia Viacoaa declined Immobiliare, however, again rose MAR 11 Lire Anlc 370 -1 Assoc Oen ***** -80 Bastogl 803 1 Centrale
      132 words
    • Article
      Frankfurt
      270 7 FRANKFURT: Shares were generally slightly higher In a technical reaction to recent lows, market sources said on Friday. Foreign mark loans were steady. MAR 11 Dm Aef-Telefunken 86 SO ♦0.3 Akzo 29 B A Hz Leben 503B Alii Vers 397 uneh BASF 155 0 2 Bay H T Wbank
      270 words
    • Article
      Indices
      68 7 FINANCIAL TIMES INDUSTRIALS Friday 415.8 Thursday 413.8 Week ago 407.9 DOW JONES AVERAGE INDUSTRIALS Friday 847 72 Thursday 946 73 Week ago 853 46 LONDON DOLLAR PREMIUM Friday 112 to 112% Thursday 107% to 107% H.K. HANG SENG Friday 419.11 Thursday 422 66 Week ago 427.83 SYDNEY INDUSTRIALS Friday
      68 words
    • Article
      CHICAGO BOARD OPTIONS
      1621 7 On March 11 CHICAGO Board Options Exchange volume was 86,109 contracts on Friday, down from 96,858 on Thursday. Advancing series led declines 253 to 199. OPTION APL JLY OCT STOCK Alcoa SO 7 5/8 8 3/8 9 1/8 57 1/2 Alcoa SO 7 1/16 1 5/8 2
      1,621 words
  • Article
    Lock icon Jitters hit Wall Street
    236 7 NYT INFLATION Jitters rattled the New York stock market last week, but sugar-re-lated issues managed to experience a burst of buying after the government proposed a ban on the use of saccharin In foods and beverages. These stocks had declined In anticipation of governments action and
    NYT  -  236 words
  • Article
    Lock icon Outlook is bright for Wardley
    152 7 Reuter HONGKONG. Sun. Consolidated 1976 net attributable profit at Wardley rose to HK536.2 million from $25 4 million in 1975. Accordingly, the dividend paid to Its parent company. Hongkong and Shanghai Banking Corp., has been increased by $4 million to $24 million. Company chairman M.G.R.
    Reuter  -  152 words
  • Article
    Lock icon Strike at Leyland to continue
    104 7 Reuter BIRMINGHAM, Sun. A mass meeting of striking British Leyland toolroom workers voted to continue their strike, the Press Association news agency reported. The vote came after the meeting had been urged to return to work by Amalgamated Union of Engineering Workers president Hugh Scanlon.
    Reuter  -  104 words
  • Bonds
    • Article
      Lock icon Tokyo's yen plans
      117 7 Reuter TOKYO. Sun. The Finance Ministry is looking Into the possibility of allowing the flotation of yen denominated Eurobonds as part of Japan's programme to internationalise its currency, Mlchiya Matsukawa, viceMinister of Finance for international affairs, said. Mr. Matuskawa said the minstry is currently analysing the problems
      Reuter  -  117 words
    • Article
      Lock icon ECSC to raise C$25m
      82 7 Reuter PARIS. Sun. The Furopean Coal and Steel Community plans to raise Cs2s million through a nine per cent note issue due 984. comanager Morgan Stanley International said. The notes will be priced on March 21 and offered the following day. There will be no sinking
      Reuter  -  82 words
    • Article
      Lock icon Fixed rate for EEC
      81 7 Reuter BRUSSELS. Sun. The EEC commission is negotiating a US$lOO million fixed rate borrowing with a consortium led by Algemene Bank Nederland NV. EEC financial sources said. Terms have still to be fixed. The loan will be used to replace an equal amount of the $200
      Reuter  -  81 words
    • Article
      Lock icon Republic of Austria
      57 7 Reuter FRANKFURT. Sun. The Republic of Austria is raising a 100 million mark eight-year Eurobond probably with a 6-3/4 per cent coupon, primary bond market sources said. They said the issue, managed by Deutsche Bank AG. may be priced at 99 per cent. Repayment is in three
      Reuter  -  57 words
    • Article
      Lock icon Francetel
      32 7 Reuter DUESSELDORF, Sun Francetel, a French stateowned company financing telecommunications, is making a 50 million mark seven-year 6-3/4 per cent private placement at par. placement manager Westdeutsche Landesbank Glrozentrale said Reuter.
      Reuter  -  32 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      358 7 SSJ3 jBT. Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar ma/amf Because Penguin books are rather r-m special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational J Iff quite unlike the
      358 words
Page thumbnail Page 8
  • COMMODITY REPORTS AND PRICES
    • Article
      Rubber markets
      222 8 LONDON, Sun. Preweekend Jobber shortcovering on Friday, provided some afternoon support In terminal rubber and the market closed about steady. However, losses from Thursday night still ranged from 1.50 pence (near May at 55 pence buyer) to 0.40 pence per kilo. Turnover totalled 245 lots of 15 tonnes
      222 words
    • Article
      Tin/rubber prices
      71 8 Mar 7 Mar 8 Mart MarlO Mar II Mar 12 •Tin: Tonne: Rubber(S): Rubber (M): $1,620 00 244 100 50ft 203 00ft 11.440 00 251 202 50ft 206 50b 11,655 00 225 207 00b 210 25b 11,660 00 235 206 00b 200 00b SI.586.12ft 261 205 50b 208
      71 words
    • Article
      Straits tin
      124 8 THE Straits tin price in Penang on Saturday was up $6 87 x 'i to $1,593 on an official offering down 45 tonnes to 216 tonnes. In LONDON on Friday, tin gained mostly £15 per tonne on the day in both contracts. Scattered liquidation and profit-taking made minor
      124 words
    • Article
      Produce prices
      277 8 HINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PEK PICI L ON 9ATt RDAY. Coconut Oil Bulk $105 sellers, old drum $110 sellers, new drum $115 sellers Copra Mixed (loose) UK/Cont $66 buyers. Pepper Muntok ASTA white f ob 100% NLW $377' i sellers. Sarawak white f ob 96%
      277 words
    • Article
      Palm oil
      125 8 THE following Palm Oil prices were quoted In London on Thursday. Friday's prices were not available The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated Tkurtday Prev. Malaysian 5% (fa bulk May- June 581 sir 573 sir Sumatra 5% Mch 805
      125 words
    • Article
      Lead
      60 8 LONDON, Sun. Lead was basically unchanged on Friday. Early fresh buying and covering steadied the market around the £420 level for Three Months but light profit-taking finally cut the price back to £417. Further sharp losses were noted on the kerb, where Three Months touched £410 before trading erratically
      60 words
    • Article
      Lock icon Gold
      384 8 Source: Stagneas THE fast rise of the gold price which was set loose ahead of last week's 7th IMF auction its climax at the beginning of this week, with a high of US$l4B/148.75 per ounce being quoted. At this level, the market lost Its Impetus and on account of
      Source: Stagneas  -  384 words
    • Article
      Copper
      252 8 LONDON, Sun. Copper wlrebars on the day lost £2 per tonne for Cash and £3 for Three Months on Friday. Dealers said the market was relatively steady during routine ring dealings although a subsequent drift in prices reflected a downturn In US futures and steadier sterling. Three Months traded
      252 words
    • Article
      Zinc
      39 8 LONDON, Sun. Zinc was £0.25 higher all round on Friday. Prices were steady at the ouset, with Three Months trading up to £441 before receding under renewed liquidation and finishing the kerb at £437. Sales were 1,425 tonnes.
      39 words
    • Article
      Silver
      250 8 LONDON, Sun. Bpot silver closed at 278.00/ 279.00 pence per ounce on Friday, compared with 280.00/ 281.00 on Thursday. The Three Months metal closed at 285.50/ 286.50 pence, dealers said. The day's trading was active though characterised by sudden two-way price movements, dealers said. Sharply higher margins on cocoa,
      250 words
    • Article
      Coffee
      196 8 NEW YORK, Sun. Coffee futures ran up to the fourcent limit at the outset on Friday, following the rally In London after Thursday's shakeout, but backed away as profit-taking emerged. The market stood about two to three cents up, towards the end of the first hour. The limitless Spot
      196 words
    • Article
      Sugar
      193 8 LONDON, Sun. Sugar futures held steady In a narrow range on Friday, throughout a quiet afternoon. with the limited activity mainly consisting of option dealings and book squaring operations. At the close, values were £3.45 to £3 down and sales totalled 2,238 lots. Put options comprised two distant Aug
      193 words
    • Article
      DEALERS STEER CLEAR OF FORWARD TRADE
      773 8 SINGAPORE'S produce market last week held from steady to firm In very light trading. Oenerally, dealers in Singapore were hesitant about getting Involved In forward den Is lest they could not fulfill their contracts In the light of Irregular commodity arrivals. For the greater
      773 words
    • Article
      Rice
      159 8 BANOKOK, Sun. Singapore purchased 15,500 tonnes of rice last week, on a government to government basis, consisting of 7,500 tonnes 100 per cent B grade and 8,000 tonnes 10 per cent white rice for shipment in Apl/June, trade sources said. Many enquiries were received during the week on a
      159 words
    • Article
      Wheat
      91 8 CHICAGO, Sun. Wheat futures were little changed at the close on Friday, finishing 1/4 cent a bushel lower to 3/4 cent higher on light dealings. The winter storm bringing moisture to wheat growing areas of the Plains and Mid-west was a negative influence. But the pressure on deferreds was
      91 words
    • Article
      Soybeans
      143 8 CHICAGO, Sun. Soybean futures closed mixed on Friday, posting losses for most contracts but showing gains In the three back Months. Price changes ranged from a loss of 6tt cents a bushel In the Spot March to a gain of SV» cents In March 1978. Speculative selling and stoploss
      143 words
  • MONEY AND EXCHANGES
    • Article
      Lock icon Singapore
      189 8 Source: O.C.B.C. IT was a relatively quiet week In the Singapore forex market. The US unit opened firm at $2.4590-4800 and was being bid up to as high as $2.4630-32 on commercial demand before easing to close around 82.4605-10 following news of an unexpected fall in the US money
      Source: O.C.B.C.  -  189 words
    • Article
      Lock icon Asian $ rates
      247 8 Asian rates Source: Astley Pearce RATES held steady In quiet trading. M-l figures were down 600 and M-2 down 300. The market was expecting these figures and the overall Impressions were that rates were at Its lowest. Short dates were steady. ASIAN currency average deposits 1 0 1 I ended
      Source: Astley & Pearce  -  247 words
    • Article
      Lock icon Discount market
      298 8 Source: Commercial Discount Co. THE domestic money market last week saw the return of "New Year" funds Into the system, resulting In significant falls in overnight and short term funds rates. The announcement on last Monday, of an issue of $40,000,000/ five per cent p.a. tax free Bearer
      Source: Commercial Discount Co.  -  298 words
    • Article
      Lock icon Money market
      63 8 Source: Astley Pearce IN AN extremely flush market, overnight funds were traded as low as W per cent before making a slight recovery to close at 3* 3 per cent on Friday. The terms saw rates sliding off, losing a per cent, to close at 3 7/8 3/4,
      Source: Astley & Pearce  -  63 words
    • Article
      London
      206 8 LONDON, Sun Sterling closed on Friday at a high of $1.7180/85, a gain of 25 basis points on the overnight after steady demand largely from US Interests, dealers said. The continuing Leyland dispute had little dampening effect, with late buyers appearing In line with strongly rising prices In the
      206 words
    • Article
      Zurich
      378 8 ZURICH, Sun. Owing to the fact that the US unemployment rose only from 7.3 per cent to 7.5 per cent In February, and to a favourable outlook for the US economy, the US dollar was able to improve considerably, during the first half of last week. In the second
      378 words
    • Article
      Euro $ rates
      174 8 Euro rates LONDON, Sun. Eurodollar deposit rates closed unchanged on Friday, from openings In quiet trading, dealers said. Periods showed little movement but an earlier softer undertone In shorts gave way to later steadiness. Quiet periods were ascribed to continuation of lack of prime name interest coupled with usual quiet
      174 words
    • Article
      Minimum lending rates (in %)
      57 8 Minimum lending rates (in ACBC 6* First Chicago Algemene Bank 6* Citibank Bangkok Bank .7 HSBC 7 Bank of America Indosuez fl* Bank of China .7 Malayan Banking 6*. Bank of Tokyo ev. Mitsui Bank Bank Negara OCBC 8 V. Indonesia .7 OUB 8*. Chartered Bank 6*. UCB 7 Chase
      57 words
    • Article
      New York
      323 8 NEW YORK. Sun. The Canadian dollar closed sharply firmer here and on the West Coast on Friday, after a late rally on news that Moody's Investors Service held Its rating on Quebec province and hydro bonds unchanged, dealers said. It closed in New York at 95.08/12 US cents
      323 words
    • Article
      Frankfurt
      35 8 FRANKFURT exchanges closing quotes on March 11 US 2 3945/55 Can 2 2680/2700 UK 4.103/113 Neth 95.85/96 00 Swltz 93.60/75 Italy 2.703/709 France 47.89/99 Japan 0.8490/8505 Belg com 6.500/508 Belg fin 6.485/493 Norw 45.55/60
      35 words
    • Article
      Short term money
      44 8 FOR the week ended Friday March 11, the range of cat I rates received from Short Deposits (M) Berhad was as follows: BANK FUND: Ito 5* per cent GENERAL FUNDS: 1* to AVt per cent Movements of funds totalled $438 million.
      44 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      148 8 SiU lb TW*Mi% ?'<* fe**' 4** i V- at ni in The Only Japanese Trust Bank Office in Singapore. Chief Representative: Saburo Itoh. We are Japan's oldest trust bank and command a key position in the Mitsui Group. Our services are worldwide in scope. We have the research capability, a
      148 words
Page thumbnail Page 9
  • Article, Illustration
    Lock icon HEATHER IS RUTHLESS ONLY ON COURT
    897 9  -  By JULIE WELCH The Observer LONDON, Sun. A plump lady hung with moribund furs squeezed purposefully through the deserted tiers of Wembley's Squash Centre. 'I've cQme all the way from Beaconsfleld,' she confided, waving an autograph book In the region of Heather McKay's nose.
    The Observer  -  897 words
  • Article
    Liverpool stay in front
    747 9 LONDON, Sun Liverpool and Ipswich each squeezed out a 1-0 victory yesterday as the close race for the English soccer League title continued. A goal by Emlyn Hughes, former England captain, saw Liverpool through at Middlesbrough. Ipswich struggled to find their form in a home match
    747 words
  • Article
    Lock icon The ail-American war game
    1239 9  -  HUGH McILVANNEY on the men of grid-iron and Qoorgo Plimpton, a chronicler who gefta personally Involved. HUGH McILVANNEY The Observer. To many people on this side of the Atlantic, American football comet across as a kind of chess for psychopaths. The impression is of a group
    The Observer.  -  1,239 words
  • Article
    Bedford finds his seventh heaven
    1289 9  -  CHRISTOPHER BRASHER, voted Sports Writer of the Yeer for the second time, reports from the English crosscountry championships. CHRISTOPHER BRASHER. LONDON, Sun. For the first time In his crowded athletic life, Brendan Foster won what he calls 'the greatest cross-country race In the world' the
    1,289 words
  • Article
    Triumph for skipper
    432 9 AT ISLAND COURSE SICC captain Cheong Wing led his team to a comfortable win over the vlcecaptaln to retain the Klshl Cup by llVi points to 6Vi points at the Island course yesterday. Results: (The captain's players captain's first). Alex Ling and Peter Ho beat T. Mauda
    432 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      53 9 Sharikat HARPER GILFILLAN Berhad With effect from 14th March, 1977 Sharikat HARPER GILFILLAN Berhad HARPER GILFILLAN HOLDINGS (MALAYSIA) Sdn. Berhad HARPERS MINERALS Sdn. Berhad THE INSURANCE DIVISION OF HARPERS TRADING are located at:i 22nd/23rd Floors Bangunan Angkasa Raya 123 Jalan Ampang P.O. Box 247 Kuala Lumpur Telephone ***** Telex: HARKL
      53 words
    • Advertisement
      Page 9 Advertisements Column 2
      284 9 BUSINESS SURVIVAL One OUR ENTREPRENEURS MUST SEEK NEW MARKETS FOR THEIR PRODUCTS Could you break into a lucrative new market today? Or Tomorrow? Is your sales literature, promotional and marketing material capable of winning you additional international business that will help you step up production? Will it give you a
      284 words
Page thumbnail Page 10
  • Article
    Lock icon Pakistan opposition serves ultimatum
    696 10 FRESH ELECTIONS OR FACE DEMOS UPI ISLAMABAD. Sun. The Pakistan Government and the opposition were heading towards a major and possibly violent confrontation early next week over the opposition demand for fresh elections due to alleged government rigging of the March 7 national polls. The opposition
    UPI  -  696 words
  • Article
    New mag has all the business data on Asean
    183 10 A NEW magazine for the Asean business community has been published. It Is the Asean Business Quarterly, a 72-page magazine which gives a uniform presentation of more than 200 Asean statistical tables with 20 pages of comment and analysis. Salient trends
    183 words
  • Article
    Lock icon Small rise in gold reserves
    103 10 Reuter KUALA LUMPUR. Sun. Bank Negara Malaysia said Its gold and foreign exchange reserves rose slightly to M 56.06 billion on February 28 from $5.90 billion on February 15 and $5.91 billion on January 31. Its fortnightly balance sheets showed total assets falling to $6.84
    Reuter  -  103 words
  • Article
    Lock icon Egypt wants UN debate on M-E peace failure
    405 10 Reuter UNITED NATIONS, Sun. Egypt has decided to ask for an early meeting of the United Nations Security Council to debate the failure of efforts so far to reactivate the Middle-East peace conference at Geneva, diplomatic sources said yesterday. The sources said
    Reuter  -  405 words
  • Article
    Lock icon Quake-hit China coal mines are ticking again
    256 10 Reuter PEKING, Sun. The People's Dally said today production at China's vital Kalluan coal mine was rapidly being restored following last July's earthquake. The news came amid serious coal shortages and a nationwide campaign urging "rigid economies" In energy consumption. The official newspaper
    Reuter  -  256 words
  • Article
    Lock icon Bank of England restores lending rate formula
    287 10 Reuter LONDON, Sua. The Bank of England said it restored the Treasury Bill related formula for its minimum lending rate, which remains unchanged at 11 per cent, after being reduced by one percentage point on Thursday. The average rata at this week's bill
    Reuter  -  287 words
  • Article
    Lock icon Let sterling go up, UK urged
    91 10 Reuter BRUSSELS. Sun. The Common Market commission urged Britain to let sterling rise as part of Its antl-lnflatlon strategy. The call as contained In revised economic guidelines for the Community for 1977, published by the commission and to be discussed by Community finance ministers
    Reuter  -  91 words
  • Article
    Lock icon By 1980
    33 10 Reuter BRUSSELS, Sun. Portuguese Prime Minster Mario Soares yesterday made It clear he wants Portugal to be a member of the European Economic Community (EEC) by the end of 1980. Reuter.
    Reuter  -  33 words
  • Article
    DAILY AIRCRAFT MOVEMENTS
    580 10 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKG MAS MH682 0810 KCH JAL JL712 1000 HLP SIA SQ211 1010 HLP GIA GA980 1030 HLP CPA CX710 1030 HLP THAI TG423 1035 BKK GIA GA908 1100 MES PAL PR501 1115 MNL SAS SK097 1140 CPH/DEL/BKK
    580 words
  • Article
    Lock icon Rescue did not boost confidence in New York
    365 10 NYT NEW YORK, Sun. Top officials of New York said over the weekend that despite New York's rescue from fiscal collapse last week, the manoeuverlng was a setback In their drive to strengthen the city's finances and regain the confidence of the
    NYT  -  365 words
  • Article
    Resiting industry guidelines soon
    192 10 KUALA LUMPUR, Sun. The Division of Environment (DOE) is presently working on a set of guidelines to assist state governments and their economic development corporations in planning the siting and zoning of industries. The director-general of the DOE, Enclk Hamzah Majld, said today they hoped to
    192 words
  • Article
    Damaged goods survey at port
    204 10 PORT KLANO, Sun. A special area will be dlslgnated in the port here soon for the storage of damaged goods to enable a survey to be carried out. Communications Minister Tan Sri Manlckavasagam said today. Representatives from the Klang Port Authority and Importers could Jointly
    204 words
  • Article
    Lock icon Who'll believe the sweet talk?
    176 10 Reuter SYDNEY, Sun. Sugar Industry and Government sources were uncertain whether talks between Australia and Malaysia on the long-term sugar supply contract had broken off, they told Reuter. Commenting on Asian press reports that the talks had collapsed, the sources said they knew the talks
    Reuter  -  176 words
  • Article
    Lock icon NOT ALL 320mil WILL GO TO THE POLLS
    307 10 Reuter NEW DELHI, Sun. Some 320 million people are eligible to vote In the Indian general elections from March 16 to 20, but on past evidence only about 55 per cent will exercise their rights. There are 2,430 candidates contesting the 541
    Reuter  -  307 words
  • Article
    Lock icon FRENCH VOTE IN TOWN ELECTIONS
    137 10 Reuter PARIS, Sun. The French people vote today in municipal elections that have become a full dress rehearsal for next year's crucial general elections. Both the Government majority parties and the opposition SocialistCommunist Alliance have campaigned fervently. Political passions ran violently high yesterday with two
    Reuter  -  137 words
  • Article
    US banks must seek okay from Fed
    313 10 MANILA, Sun. US banks seeking entry Into the Philippines' proposed offshore banking Industry will have to get US Federal Reserve approval before they can operate, even If their applications here are successful, banking sources here said. The Federal Reserve has Informed the banks
    313 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      44 10 TRAVEL Reg No *****3 OOK Suite 408, 4th Floor, Orchard Towers, Orchard Road, Singapore, 9. <Opp. Hotel Singapura) THE TRAVEL AGENCY CONVENIENT *REUABLE PROFICIENT OBLIGATION-FREE QUOTATIONS Telephone: *****80-81-82-83-84 If you have not yet received your SINGAPORE DEPARTURES Schedule phone now for your FREE copy.
      44 words
    • Advertisement
      Page 10 Advertisements Column 2
      224 10 They sang for the movie "Jesus Christ Superstar". They performed with Stevie Wonder, Nancy Wilson, O.C. Smith and the Ohio Lakeside Express. See them broodingly sensual one minute, explosive the next. Catch them at their greatest. Hat from The United States. Nofr at the Neptune Kasbah 4 Limited SeamomOnty 4
      224 words