The Business Times, 16 March 1977
1977-03-16
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The Business Times
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Title Section10 1977-03-16 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, MARCH 16, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article63 1977-03-16 1 Reuter LONDON,Tues. Three thousand strikers whose stoppage Is threatening the future of Britain's state-owned Leyland Motor Corporation were told today that they must return to work next Monday or be sacked. The ultimatum was delivered by the Leyland management, but It had the full backing of the tradeReuter - 63 words
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Article59 1977-03-16 1 UPI TOKYO, Tues. Japan continued to suffer from slow business recovery in January, according to the Ministry of International Trade and Industry. The ministry said the mining and manufacturing output index for the month stood at 128.6 against the 1970 base figure of 100 or down 0.2 perUPI - 59 words
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Article71 1977-03-16 1 AP ATLANTA, Tues. President Jimmy Carter plans to appoint John Moore Jr., a lawyer, to head the Export-Import Bank of the United States, the Atlanta Constitution reported today. The newspaper said Mr. Moore, 47, will be named president and chairman of the board of the bank,AP - 71 words
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Article46 1977-03-16 1 Reuter CLARK AIR BASE. Tues. A five-member US commission flew In here today on Its way to Hanoi and Vientiane to try to pave the way for normal relations and solve the question of American servicemen missing In the Indochina war. ReuterReuter - 46 words
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Article56 1977-03-16 1 AP KUALA LUMPUR, Tues. Mr. leng Sary, Cambodia's Vice Prime Minister for Foreign Affairs, will visit Malaysia from March 24-26 at the invitation of Malaysian Foreign Affairs Minister Tengku Ahmad Rlthauddeen. A Foreign Ministry statement today said Mr. leng Sary will be accompanied by five seniorAP - 56 words
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Article47 1977-03-16 1 AP NEW DELHI, Tues. Controversy erupted around Prime Minister Indira Gandhi's 30-year-old son Sanjay on the eve of national parliamentary elections today as the opposition charged a reported attempt on his life was "fabricated, stagemanaged and manipulated" to help the ruling Congress Party. APAP - 47 words
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Article61 1977-03-16 1 AP BANGKOK, Tues. Motorists rushed to fill their cars with petrol while some traders were expected to Jack up prices of commodities following an increase in fuel prices announced by the ThaiGovernment. The Government, In an attempt to reduce its costly subsidies to three big local oilAP - 61 words
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Article42 1977-03-16 1 UPI NEW YORK, Tues. Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 Indus 963.43 up, 5.07; 20 transp 227.02 up. 1.66; 15 utils 106.72 up, 0.16; 65 stocks 313.44 up, 1.60. UPI.UPI - 42 words
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Chief Price Changes
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Article, Illustration160 1977-03-16 1 THE Stock Exchange of Singapore remained quiet yesterday. Shares closed on a mixed note. Premiums on the option board continued to narrow. The Business Times index rose 0.86 point to 261.13 while the Straits Times Industrial average was up 0.50 point to 252.94. Rises Most active Berjuntai160 words
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Article115 1977-03-16 1 Rises Most active Killinghall Consol. Pit. 113 00 90 Slme Darby 110,000 $3 90 .10 Central Sugars 74,000 Slme Darby Uld. Pit. $3.42 *04 Haw Par 52,000 $1.75 .03 Malayan Credit 51 000 M Mosaics G Kent (M) Oriental U.O. Land Bt Semb Kempas $0.94 $1.36 $1.82115 words
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Article1023 1977-03-16 1 QUEK PECK LIM - AS MICHAEL FAM BOWS OUT By QUEK PECK LIM THE search is now on for a new chairman of Haw Par Brothers International following the resignation of Mr. Michael Fam from the board. Who he will be Is the latest guessing game on the1,023 words
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144 1977-03-16 1 A LARGE Hongkong group of companies is interested In buying control of small enterprises in Singapore. Advertisements appearing in local newspapers taken out by a public accounting firm yesterday said the Hongkong group is interested in companies with existing capital of $250,000 or144 words
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Article, Illustration503 1977-03-16 1 APART from its present $18 million investment in Koyo Singapore Industries, the Koyo Seiko and Koyo International group of Japan has plans to commit a further $27 million in expanding the manufacturing facilities of its Singapore-based ballbearing and sewing machine plant to Include the503 words
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Article334 1977-03-16 1 STRAITS Steamship, the major shareholder of Ben and Co., is seeking to remove Mr.. O.C.K. Choudhury, former managing director of the company, from Ben's board of directors. In letters to shareholders and the Stock Exchange of Singapore and through advertisements in the newspapers, Ben has334 words
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Article160 1977-03-16 1 THE Consumer Price Index rose for the fourth consecutive month last month after having reached a low in October Tast year. It has been climbing gradually since October, recording percentage rises of 0.6 in November, 0.8 in December and 1.3 la January. Last month the CPI rose160 words
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Article449 1977-03-16 1 THE Prime Minister, Mr. Lee Kuan Yew, has diagnosed the Slater Walker-Haw Par affair as "a symptom of this craze for easy money" in British life. Speaking in a BBC interview broadcast in London on Monday night. Mr. Lee ruled out the affair449 words
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Article35 1977-03-16 1 AP TOKYO, Tues Japan and the Soviet Union opened fishery talks In Tokyo and Moscow today. The outcome Is likely to determine future relations between the two countries In the northern Pacific AP.AP - 35 words
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317 1977-03-16 1 THE Stock Exchange of Singapore yesterday provided further indication that the pilot option trading scheme has been reasonably successful since its introduction six weeks ago. In an announcement yesterday, the exchange says "spreads" trading will be introduced today. This form of trading allows the317 words
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322 1977-03-16 1 Reuter JAPAN'S promise to increase Immediately the prices of the ships it exports by five to 10 per cent appears to be quite empty if the report by Far East-Le-vlngston Shipbuilding is correct. According to the report, although the new Japanese prices were supposed toReuter - 322 words
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Article314 1977-03-16 1 THE Singapore Government's first domestic bond sale for the year held yesterday was a success, according to a Monetary Authority of Singapore spokesman. Within the first few hours of the morning, he said, applications received for the smallish $40 million five per cent tax free314 words
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Page 1 Advertisements
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Advertisement77 1977-03-16 1 With a Reputation for Unrivalled Security and Fair Dealing over 131 years, Our Clients can be Assured... |B| Royal Insurance (Incorporated ,n trvyjoO I looks after you. Fast 18th Fir., Ocean Building, Collyer Quay, Singapore 1. Tel: ***** *****1. SEE PAGE 2 INSIDE Overseas newt/TV A Radio Overseas news/ Features77 words
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Advertisement64 1977-03-16 1 Instant Accommodations! 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 $2500/- per month. We take care •of everything for you. Just move In with your luggage.I Hong64 words
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Advertisement208 1977-03-16 1 Gas has got a i flame new The Editor 4C—a robust, yet very elegant, machine The heavy-duty Editor 4C is built for continuous use This is a very tough, fast typewriter that is easy and reliable to operate. It's trouble free. And it doesn't allow errors. You're protected against all208 words
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OVERSEAS
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534 1977-03-16 2 U.S. TANKER STUDY REVEALS UPI Reuter NEW YORK, Tues. Llberlan and Panamanian tankers controlled by American firms are safer than privately owned American flag tankers or other tankers of the world, according to a study by the tanker advisory centre released here yesterday. TheUPI; Reuter - 534 words
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Article79 1977-03-16 2 When US will sell gold Reuter MIAMI, Tues. The US government would sell gold If the market becomes subject to rampant speculation, but not If the price rises in an orderly fashion, Republic National Bank gold department manager, Frederick Bogart, believes. He told a National Association of Recycling Industries conferenceReuter - 79 words
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Article32 1977-03-16 2 Reuter TEHERAN, Tues. The Shah of Iran yesterday inaugurated two new berths to make the oil export terminal on Kharg island In the Gulf the largest in the world. Reuter.Reuter - 32 words
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Article226 1977-03-16 2 AP WASHINGTON, Tues. European governments are considering large subsidies to help shore up their struggling shipbuilders, US News and World Report said yesterday. The American News magazine said sharp rivalry and a reduction In orders imperil the Europeans. In a report In Its March 21AP - 226 words
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Article, Illustration221 1977-03-16 2 Reuter MAR DEL PLATA (Argentina), Tues. The United Nations World Water Conference here teems headed for a political row over Palestinian demands for the return of the West Bank of the Jordan and the Gaza strip. As some 1,000 delegates from 105 countries wereReuter; AP photo. - 221 words
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283 1977-03-16 2 Reuter AP WASHINGTON. Tues. President Carter is seriously considering attending a Nato ministerial meeting to be held after an International economic summit in London on May 7 and 8. Press Secretary Jody Powell said yesterday. The economic summit Is to be attended byReuter; AP - 283 words
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Article32 1977-03-16 2 Reuter TOKYO. Tues. Japan today appeared to be moving towards ending its two-year ban on the import from the United States of citrus fruits sprayed with the fungicide orthophenylphenol (OPP).—Reuter.Reuter - 32 words
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Article156 1977-03-16 2 Reuter LONDON, Tues Prospects for Leyland to hold on to Its 20-25 per cent share of the British car market dropped drastically today as the costlv unofficial strike by 3,000 toolmakers at the state-controlled firm dragged on. Dealers normally loyal to the company areReuter - 156 words
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Article, Illustration666 1977-03-16 2 NYT WASHINGTON: Mr. Robert Strauss, recently named President Carter's special trade representative, said In an Interview yesterday that the United States had gotten short shrift In agriculture In previous multilateral trade negotiations and served notice that "In the current round were notNYT - 666 words
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Article115 1977-03-16 2 AP CAIRO, Tues. Two International oil companies yesterday signed agreements worth a total of US$BO.6 million (Ssl9B mlllon) to use the Sumed pipeline that stretches across Egypt. A statement issued by Sumed. the dual pipeline exendlng from the Oulf of Suez to the Medlterraean, said the firms.AP - 115 words
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352 1977-03-16 2 UPI PARIS, Tues. Leaders of France's victorious Left and fragmented Right scheduled strategy meetings starting today for Sunday's second round of nationwide municipal elections. Within the splintered coalition of President Valery Discard d'Estalng, the two rival candidates for Mayor of Paris,UPI - 352 words
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Article352 1977-03-16 2 Reuter LONDON, Tues. The sharp fall in Britain's trade deficit in February compared to January overstates the Improvement in the trade balance. Government economists said. The visible trade deficit dropped to £189 million (about SsBoo million), from the January figure of £532 million. The'ollReuter - 352 words
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302 1977-03-16 2 AP WASHINGTON, Tues. The Carter Administration yesterday said its legislation to halt US participation in the Arab boycott of Israel would work without jeopardising US ability to work towards lasting peace In the Middle East. Commerce Secretary Juanita M. Kreps. inAP - 302 words
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Article95 1977-03-16 2 Reuter LIVERPOOL, Tues. Workers occupying five electronics factories near here In protest against threatened redundancies have decided to end the occupations at four of the plants. But 400 workers, most of them women, at the Plessey electronics factory at Kirkby will continue to prevent senior managementReuter - 95 words
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405 1977-03-16 3 Tea prices hit a record high in London amid calls for a ceiling AP LONDON, Tues. Average wholesale prices spilled over the £2 (SSB .45) per kilo mark for the first time on the London tea market yesterday amid calls for a govern-ment-imposed price celling on Britain's favourite drink. TheAP - 405 words
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278 1977-03-16 3 Reuter FRANKFURT, Tues. German banks granted a total 9.7 billion marks of long-term foreign loans In 1976. against 13.5 billion in 1975, the Bundesbank said In its monthly report. They took up long-term foreign loans totalling 4.9 billion marks, both from theReuter - 278 words
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283 1977-03-16 3 WASHINGTON, Tues. France is likely to become a major Eurocurrency borrower in the second half of 1977, a report prepared by the staff of the Senate Subcommittee on Foreign Economic Policy said. Hopes France will be able to hold down its balance of283 words
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458 1977-03-16 3 BRUSSELS, Monday Reuter HOLLAND yesterday warned Its Common Market partners it would not be so generous towards them in the future if the EEC was not formally represented at the Western economic summit in London next May. Speaking to newsmen after aReuter - 458 words
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Article, Illustration259 1977-03-16 3 Reuter LISBON, Tues. Portuguese Prime Minister Mario Soares returned yesterday from a tour of European capitals convinced that his drive for Portugal's entry into the European Common Market had been successful. "The first stone has been laid and Portugal Is going to be a complete memberReuter - 259 words
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248 1977-03-16 3 Reuter BRUSSELS, Tues. West Germany told Its Common Market partners today that it was committed to a 1977 growth rate of five per cent and would take extra steps to reach this target if expansion appeared to be flagging. In a statementReuter - 248 words
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283 1977-03-16 3 Reuter WASHINGTON, Tues. The Senate Is expected to follow the House of Representatives today in voting to relmpose a ban on imports of chrome from Rhodesia. The Congressional action is seen as a vote of support for President Carter's African policies asReuter - 283 words
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236 1977-03-16 3 Reuter NEW YORK, Tues. The recent strengthening of the pound sterling, accompanied by a rise in UK reserves, has led to a large increase In marketable US Government securities held by the Federal Reserve for the account of the Bank of England,Reuter - 236 words
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616 1977-03-16 3 PETER O'LOUGHLIN - By PETER O'LOUGHLIN AP AUSTRALIA'S Labour Party leader and former prime minister, Gough Whitlam, is involved in a bitter leadership struggle with his chosen heir. Bill Hayden. A defeat for Whitlam would probably end his mercurial career. Australian politics have never been theAP - 616 words
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Article96 1977-03-16 3 Reuter BERNE. Tues. Switzerland had a trade deficit of 114 million francs In February after a revised deficit of 32 million in January and a 31 million franc surplus In February last year, the Federal Customs Office said. The January deficit was revised down from 346Reuter - 96 words
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Article68 1977-03-16 3 UPI UNITED NATIONS, Tues. A spokesman said yesterday that President Carter would deliver his statement In the General Assembly Hall at 7.30 p.m. Thursday. He said under a chanege in Mr. Carter's schedule the President would arrive at the UN at 7 p.m. and deliver his addressUPI - 68 words
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Article, Illustration257 1977-03-16 3 UPI WASHINGTON, Tun. Sen. Robert Dole charged yesterday that Agriculture Secretary Bob Be rfland's proposal for a joint American-Canadian floor under wheat prices could reduce prices and might affect a Soviet Union commitment to buy American grain. Bergland has described his proposal asUPI - 257 words
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463 1977-03-16 3 AP LONDON, Tues. The International Coffee Organisation (ICO) hinted yesterday there might be enough coffee to go around through 1978 if crops are normal but that prediction was quickly challenged by coffee producers. "The truth Is. there Is a dramatic shortageAP - 463 words
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230 1977-03-16 3 Reuter GENEVA. Tues. Government experts from 50 countries today began five days of talks on ways of stabilising the volatile world copper market. The talks are expected to end with the production of a report on the subject, to be submitted to a meeting onReuter - 230 words
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Article145 1977-03-16 3 UPI CINCINNATI, Tues. Folger Coffee Co., the second largest US roaster, broke the US$4 (559.80) a pound barrier yesterday and raised its wholesale prices on ground coffee by 50 US cents to a record US$4.lB a pound in a move that should be reflectedUPI - 145 words
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Page 2 Advertisements
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Advertisement120 1977-03-16 2 Selling to high-income decisionmakers in Singapore Malaysia? Reader's Digest is your medium, IX! V 3 reaches qqq reader E «'aPO^- Ma,ayS,a Z f ot a of thi7 9e st V»S'nl&e> When you advertise in the Reader's Digest, you profit. And not only do you advertise in the Reader's Digest at120 words
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Page 2 Miscellaneous
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Miscellaneous331 1977-03-16 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on March 15 at Singapore airport. Maximum Temperature 3i.4°C Associated Humidity 60 Minimum Temperature 23.4° C Associated Humidity 94 Hours of Sunshine g.30 Rainfall in Millimeters nil Total Rainfall for the Month 12.2 Total Rainy Days for the Month331 words
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Page 3 Advertisements
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Advertisement320 1977-03-16 3 Many cars offer some of die things a\folvo does. No car in the same class offers all the things aVblvo does. This sounds like quite a claim. But if you check this list against any other car of the same class, you'll find that we're not just making idle talk.320 words
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COMPANY NEWS
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Article800 1977-03-16 4 THOUGH Central Sugars has Just reported a phenomenal Increase of more than six-fold In group pre-tax profit to M 55.32 million for the year ended June 30, 1976, the company Is rather uncertain about Its Immediate future. In the annual report, the chairman. Tan Sri800 words
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Latest results
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Article54 1977-03-16 4 Unaudited pre-tax profit M 56.25 million ($4.6 million) on turnover $13.31 million ($9.86 million) for first halfyear ended Dec 31, 1976. Rubber and oil palm crops were 4.47 million kg (3.75 million kg) and 34,242 tonnes FFB (35,349 tonnes FFB) respectively. Interim dividend 10 per cent (same)54 words
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Article67 1977-03-16 4 Unaudited {>re-tax profit Ms 2 22 mlllon ($l.ll million) on sales of $4.38 million ($3.37 million) for first half-year ended Dec 31, 1976. Tax was $1.14 million ($510,000) leaving net profit $1.08 million ($595,000). Output and sales volume of tin concentrate were 4,838 plculs (4,609 plculs)67 words
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Article63 1977-03-16 4 Pre-tax profit M 52.58 million ($2.86 million) on turnover $19.09 million ($17.09 million) for year ended Sept 30. 1976. Tax $1.2 million ($1.29 million) leaving net profit of $1.38 million ($1.57 million). Final dividend five per cent tax exempt (same) payable on May. 2. Bonus dividend 1063 words
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Article141 1977-03-16 4 IN a bid to enhance the marketability of Its shares, Berjuntal Tin Dredging Is restructuring the nominal value of its ordinary shares from M 52.50 into $1. In a statement yesterday. the company says the shares will be first subdivided into 50 cents each before consolidated Into $1141 words
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443 1977-03-16 4 UNITED Industrial Corporation is to cease all its textile operations, which have proved to be the bane of the group since It ventured Into that activity In 1972/73. The company reports In a letter to the Stock Exchange of Singapore on March 14 that443 words
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346 1977-03-16 4 THE difficult conditions in the second half of 1975 appeared to have spilled over to last year for Pacific Chemicals which saw aftertax profit sharply lower by 41.4 per cent to M 5436,892. This figure, which is after tax of $258,986, Is not unexpected346 words
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Article449 1977-03-16 4 Currant Ex Date Total for Total for payment Date payable the year previous year M Tobacco 35% Feb 7 Maris 50% 40% Wilkinson Proceee 15* Mar 7 Mar 24 20% 39.1%a Idrit Hyd 30%I Mar 25 00%I 71.5% Tanjong Tin 13.3%I Mar 25 20 7%1 30.9% A. Amalgamstwi449 words
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1659 1977-03-16 4 DAVID FISHLOCK - EMI IN THE SEVENTIES By DAVID FISHLOCK FT TAKE six months and do a i complete "technical audit" i of EMI. Sir John Read, the chairman, told Dr. John i Powell when he hired him from Texas Instruments In i 1971. Sir John, newFT - 1,659 words
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COMPANY MEETINGS
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25 1977-03-16 4 THE following company meetings are due: Mar. 15. 12 noon Registered Office, Pantal Kundor 9th mile, Tanjong Kllang, Malacca.25 words
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Article12 1977-03-16 4 Mar 15, 2.30 p.m., 70 Jalan Ampang, Kuala Lumpur.12 words
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Article16 1977-03-16 4 Mar 17, 11 a.m., Registered Office, 178-3 Jalan Sungel Best, Kuala Lumpur.16 words
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Article17 1977-03-16 4 Mar 19, 12 noon Registered Office, No. 5 Jalan 203, Petallng Jaya, Selangor17 words
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Article15 1977-03-16 4 Mar 21. 10 a.m.. 13th Floor, Tunas Building, Anson Road. Singapore 2.15 words
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Article12 1977-03-16 4 Mar 22, 11 a.m., Registered Office, Batu Tiga, Selangor.12 words
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19 1977-03-16 4 Mar 23, 11 a.m., 11th Floor, Chartered Bank Building, 2 Jalan Ampang, Kuala Lumpur19 words
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Article21 1977-03-16 4 Mar 23. 12 noon. Studio 3, sth Floor, Kuala Lumpur Hilton. Jalan Sultan Ismail. Kuala Lumpur.21 words
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17 1977-03-16 4 Mar 24, 2.30 p.m., Registered Office, 70 Jalan Ampang, Kuala Lumpur.17 words
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Article20 1977-03-16 4 Mar 25. 10.30 a.m Registered Office. 12th Floor, Fitzpatick's Building. 86 Jalan Raja Chulan, Kuala Lumpur20 words
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Article13 1977-03-16 4 Mar 25. 12 noon. Registered Office. 14 Lokyang Way. Singapore 22.13 words
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Article17 1977-03-16 4 Mar 29, Registered Office, Road No 7. Port of Singapore Authority, Singapore 4.17 words
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Article17 1977-03-16 4 Mar 30. 11.45 a.m., Polynesian Room of Ming Court Hotel. Tanglin Road, Singapore.17 words
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Article16 1977-03-16 4 Mar 30. 11.30 am, Polynesia:; Room of Ming Court Hotel, Tanglin Road, Singapore.16 words
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Article1323 1977-03-16 4 On March 14 OPTION APL JLY OCT STOCK Alcoa so 8 3/4 1/4 B3/4 58 1/4 Alcoa 80 5/8 21/16 27/8 581/4 Am Tel 50 UNTRD NOL NOL 62 3/8 Am Tel 96 UNTRD UNTRD NOL 62 3/8 Am Tel 80 2 7/8 31/2 37/8 62 3/81,323 words
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Page 4 Advertisements
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Advertisement240 1977-03-16 4 Who's that on top of tlie Oil action? V) Almost any place you find oil you II find the Royal Bank of Canada And you'll always find we're Well connected THE ROYAL BANK OF CANADA 32nd Floor, UIC Building, 5 Shenton Way, Singapore 1, Tel: *****67 Telex: R*****1 Manager: Mr.240 words
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INTERNATIONAL COMPANY NEWS
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Article116 1977-03-16 5 NEW YORK, Tues. Net profit at Seagram more than doubled to U5513.73 million from $5.52 million in the second quarter ended Jan 31, 1977. This raised net profit for the first six months to $47.08 million from $3.56 million previously. Second quarter sales rose to $571.36 million116 words
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Article120 1977-03-16 5 Reuter NEW YORK, Tues. Union Carbide said In its annual report It plans 1977 capital spending of about US$l billion this year, up slightly from $965 million in 1976. But If world economic conditions or corporate performance "fall below current expectations," expenditures will be reducedReuter - 120 words
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Article73 1977-03-16 5 LONDON, Tues. The coupon on the Asahi Optical US$lO million, 15-year convertible Eurobond was cut to six per cent from 6 1/4 per cent originally planned and was priced at par, Joint lead manager Dillon, Read Overseas Corp said. The bonds will be convertible into shares of Asahi Optical73 words
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Article209 1977-03-16 5 Exemption from UK dividend restraint LONDON, Tues. Unilever Is looking at the Implications of the UK Treasury's decision to exempt Inchcape and Co Ltd from dividend controls, a Unilever spokesman told Reuter. He said Unilever was taken by surprise by yesterday morning's announcement from Inchcape that, as209 words
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Article88 1977-03-16 5 ROME, Tues. Esso Itallana Spa said It made a 1976 operating loss of 109.8 billion lire (65 billion loss) which it was able to reduce to a net loss of 30.5 billion (29.4 billion loss) only as a result of balance sheet revaluations of a nonrecurring nature. The88 words
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293 1977-03-16 5 LONDON, Tues. The year opened with an unsatisfactory order book and totally Inadequate margins, with the company's position being adversely affected by the fall in the value of sterling, says Mr. John Elton, chairman of Alcan Aluminium (UK) in his annual statement for 1976. While293 words
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Article114 1977-03-16 5 Reuter BARTLESVILLE, Tues. Phillips Petroleum said It proposed a two-for-one stock split and raised the quarterly dividend to 50 US cents a share from 45 cents. The company said the Increased dividend Is payable on June 1 to shareholders registered on May 6. At the April 26Reuter - 114 words
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Article80 1977-03-16 5 LONDON, Tues. The liquidity ratio of 211 large UK companies surveyed by the Industry department fell to 79 per cent seasonally adJusted, In fourth quarter 1976 from 85 per cent In the third quarter but was slightly higher than the 77 per cent reported in fourth quarter, 1975,80 words
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Article69 1977-03-16 5 ZURICH, Tues. The World Bank's latest 200 million Swiss franc bond issue appears to have been undersubscribed by the public, primary and secondary bond market sources said. A spokesman for Schweizerische Kredltanstalt, managing consortium leader for the 5K per cent, 15-year loan Issued at 99'/» per cent, said69 words
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Article61 1977-03-16 5 NEW YORK. Tues. Puerto Rico Government Development Bank said It plans to offer up to US$3OO million of general obliRtlon bonds around April through underwriters headed by Morgan Guaranty Trust and First Boston Corp. Proceeds will be used to retire short-term debt and for capital Improvements. The last61 words
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662 1977-03-16 5 ROBERT METZ - By ROBERT METZ NYT ALBERTO-CULVER shares sprang to life In trading on the New York Stock Exchange last Friday after the company announced that Its "sugar twin" sugar substitute had been reformulated recently without saccharin. The maker of hair-care products and health and beauty aidsNYT - 662 words
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Article222 1977-03-16 5 JOHANNESBURG, Tues. Pre-tax profit at Union Corp rose to 77.22 million rand from 36.48 million rand last year. It has proposed a final dividend of 24 cents on the increased capital (30 cents on old), making 36 cents (42 cents) for the year. After-tax profit came222 words
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Article98 1977-03-16 5 Reuter FRANKFURT, Tues. The European Investment Bank will now raise US$l75 million In a three-tranche Eurobond Instead of $150 million as orglnally planned, primary bond market sources said. They said market response means the eight Gr cent seven-year portion a been raised to $75 million from 50Reuter - 98 words
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Article110 1977-03-16 5 Reuter EINDHOVEN, Tues. Philips said talks with Saudi Arabia over a multl-bllllon guilder telephone system contract have run into difficulties, but are continuing. A company spokesman declined comment on a report In the dally "De Telegraaf" that the Saudis have now extended their talks, Initially held only withReuter - 110 words
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310 1977-03-16 5 Reuter NEW YORK, Tues. US Conference Board economist. Mr. Albert T. Sommers, said he expects total US corporate profits to rise about 16 per cent during 1977. Mr. Sommers told a meeting of the American Paper institute that If the two per centReuter - 310 words
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Article90 1977-03-16 5 NEW YORK, Tues. Textron expects first quarter net earnings to rise above the 71 US cents a share earned a year ago, but the gain will be at a lower rate than In succeeding quarters, Its chairman, Mr. O. William Miller, told analysts. Textron earnings In 1970 were90 words
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Article1033 1977-03-16 5 Kenneth Gooding - OWENS-ILLINOIS By Kenneth Gooding FT A FINE example of the kind of problems the multinational companies will be facing as world trade becomes Increasingly competitive is provided by OwensIlllnols, the world's biggest glass container manufacturer. This Is because current pressure by the US television Industry for aFT - 1,033 words
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782 1977-03-16 5 FT LONDON, Tues. Mr. Anthony Tuke. chairman of Barclays Bank, says In his annual statement that the economic state of the country Inevitably has a bearing on group prospects, and while falling Interest rates and a stronger pound may well make profits harderFT - 782 words
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599 1977-03-16 5 NYT NEW YORK, Tues. The managers of the nation's 50 or so closed-end Investment companies seem to be caught In a paradox that has been due to a shift Investors Judgements. Most of the closed-end companies, so called because the number of shares theyNYT - 599 words
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Page 5 Advertisements
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Advertisement297 1977-03-16 5 Sime DarbyJ XI ■?Si 79 dt •O n it. ill Vtr i£ii w t« 1? 7*^*^ -w- J t j ->~ t&-—il, \A H > f f J J 1* i |f 1 r. rm* iti I& r t l x fc**—■ J _f v V •Jkl Save time and297 words
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Article2060 1977-03-16 6 irrt/77 High Low Company Last Sale +orGr'a div Div c'vr Gr'a yld Not P/E Vol cooo) Day High Low SECTION 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 A2,060 words
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Article1033 1977-03-16 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. Al! Time Settlement Contracts are quoted after word "Sett" Si" Board deals1,033 words
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Article1329 1977-03-16 6 BID arid 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 Aetna (1 438) (1) 144 A. Tapa (0 528) AjinomtU (1.948) Aim*1,329 words
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Article179 1977-03-16 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. u.ri.S. (June 53.90) (0.15B). Inchcape (June $2 40) (0 178 0 188) (21) 0.17, (39;179 words
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Article159 1977-03-16 6 SINGAPORE UNIT TRUST (Manager's price* for Mar It) INCOME BOND t'NIT (Current price* 1 The Commerce 1,77 1.87 The Saving Fund 0.81 0 96xd S pore Prog Fund 0 81 O N S pore Security Fund 1 42 1.50 8'pore Invest Fund ...1.05 1.11 ASIAN UNIT TRUST (Manager*'159 words
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Article151 1977-03-16 6 B O T 8 1/2% 1981 (100.000) (1038 103 3 -«S) D B S 8 1/2% 1982 (100,000) (100'«B 101S) DBS Converu 6 1/2% 1991 (100.000) (96H8 97V»S) E I B 9% 1982 (100,000) (103*B 104 '<«S) E I B 8 1/2% 1983 (100,000) (99\8 100*S) I B151 words
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Article125 1977-03-16 6 5 1/2% 1/12/77 (1.000.000) (101 508 101.655) 5 1/4% 15/4/78 (1.000.000) (101 688 101 735) 5 1/4% 15/7/78 (1.000.000) (101 528 101.595) 6 1/2% 15/8/78 (1,000,000) (103 208 103 40S) 7% 1/7/79 (1,000.000) (104 858 105.OOS) 5 1/2% 1/10/77-79 (1,000,000) (101 558 101 655) 5 1/4% 15/10/79125 words
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Page 6 Advertisements
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Advertisement21 1977-03-16 6 f 0 I l:. i T ft f I I I ■5 9 i found only in the best company... 421 words
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Article663 1977-03-16 7 THE trading tempo at the Stock Exchange of Singapore yesterday was much reduced and the small domination of sellers over buyers continued to take its toll on prices. Right from the first bell the market displayed no sign of support with the exception or some of the663 words
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Article361 1977-03-16 7 SHARE prices closed lower In very quiet trading on the Kuala Lumpur stock market yesterday. Market sentiment was unmoved bv Improved conditions In Wall Street and London overnight. Apart for a handful of stocks, the market appeared to be under some mild selling pressure. On361 words
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Article56 1977-03-16 7 FRANKFURT, Tues. French state owned financing body Calsse Centrale de Cooperation Economlque plans a 100 million mark maximum 12-year Eurobond. probably at seven per cent, bond market sources said. Redemption will begin after three years through series drawings from the market. Lead manager for the issue, due to go56 words
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Article43 1977-03-16 7 FRANKFURT, Tues. Deutsche Bank confirmed the Asian Development Bank plans a 100 million mark seven per cent eightyear Eurobond. Bond market sources said earlier the issue will probably be priced around 99 1/2 per cent. Pricing will be finalised on March 24.43 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1196 1977-03-16 7 NEW YORK: A late rally of top quality Issues sent stock prices sharply higher on Monday in stepped up trading on the New York Stock Exchange. Treasury Secretary Michael Blumenthal's prediction on Sunday of a strong second quarter rebound in Industrial production, employment and other major Indicators helped1,196 words
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Article305 1977-03-16 7 TORONTO: Papers hit a fivemonth index high and the balance of the market moved firmly upward at the close of light trading on Monday. Amalgamated Bonanza Pete, accounting for one-tenth of the market's trading volume. Jumped 7/8 to 10. The company said it hit oil at a stepout well305 words
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Article336 1977-03-16 7 AMSTERDAM: Market weakened in general on a lack of Interest, with Dutch Internationals finishing narrowly mixed, dealers said on Monday Leaders to decline were Naarden, KLN, Van Ommeren, Bijenkorf and Ahold. Major Individual gains were Amrobank, Bols and Middenstandsbank. Van Nelle closed unchanged at 260 guilders bid compared with336 words
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Article298 1977-03-16 7 ZURICH: The market fluctuated narrowly in thin trading though sentiment might have been dampened by the world bank's latest 200 million Swiss Francs bond Issue not being fully subscribed by the public, traders said on Monday. Banks generally ruled very steady »>tn Leu shares and rights again firmer. Bally298 words
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Article356 1977-03-16 7 PARIS: The market closed lower, following an Increased left-wing vote In round one of the French municipal elections, dealers said on Monday Trading was calm, with most shares marked down at the opening. CEM. which announced a return to dividend, was little changed. US shares and International oils fell.356 words
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Article592 1977-03-16 7 TOKYO: Share prices continued higher despite the US International Trade Commission's recommendation for higher Import duties on colour tv sets, dealers said on Tuesday The Dow Jones average rose 34.46 to close at 4.997 06 with volume 160 million shares. The New index closed at 376.64, up 2 29.592 words
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Article376 1977-03-16 7 JOHANNESBURG Gold shares traded basically steady in light trade at lower levels towards the close after a softer start, dealers said on Monday Financial minings were mixed with an easier bias De Beer* gained three cents to 433 after an easier opening, and Anamint extended recent gains and rose376 words
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Article172 1977-03-16 7 BRUSSELS: The market was narrowly mixed In very quiet trading, dealers said on Monday. Electrobel and Asturienne firmed, while Societe Generate, Clabecq and Acec fell. Arbed was only fractionally easier following news It will not recommend any dividend payment for 1976. Canadian and Dutch shares were mostly lower. US172 words
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Article347 1977-03-16 7 FRANKFURT: Shares closed higher with some selected stocks making exceptionally large gains on Institutional buying, dealers said on Monday. Schering, which said It proposes an unchanged 10 mark dividend for 1976. gained 8.50 marks, while other chemicals rose an average of two marks Electrlcals were firm, with BBC gaining347 words
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Article408 1977-03-16 7 SYDNEY: The market closed mixed in subdued trading in the absence of any fresh stimuli, dealers said on Tuesday The Sydney All-Ordinaries Index fell 1.09 points to 429 37 BHP lost six cents to $6.44 and CSR. ICI. lAC. Hooker, the Wales and Walton* lost one or two cents408 words
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Article450 1977-03-16 7 HONGKONG: The market firmed in moderate trading, as the sharp rise on overseas markets overnight fuelled a recovery by local share prices after recent declines, dealers said on Tuesday. Short covering may also have contributed to the day's gains, they added The Hang Seng Index rose 3 81 points450 words
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Article173 1977-03-16 7 MANILA: The market was little changed, with minings slightly higher, oils easier ana commercials dull, dealers said on Tuesday. Total turnover fell to 1.92 million pesos from Monday's 3.11 million. Gainers Included Acoje Mining and Atlas Con A. while Baguio Gold and Picop A lost ground. Unchanged Issues included173 words
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Article153 1977-03-16 7 MILAN: The market closed at the day's low after a mixed opening in moderately active trading on Monday Operators were very cautious due to domestic social tension, dealers said All leading industrials fell as did major banks and Insurances. Bonds were fairly steady but quiet. MAK 14 Lire Anio153 words
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Article88 1977-03-16 7 MAK 14 Bahts Asia Fibre 13S 1 Bangkok Bank 247 un ch Bangkok Invest 159 1 Bangkok-Metro-politan Bank Bala 385S Berll Jucker 173 un ch Charoong Thai Wire IMS Dumex Dusit Thani Faber Merlin First Trust Indo-Thal J And J Ho 220 1 Jalaprathan Cement 92 ♦2 Karnasuta Lee88 words
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Article72 1977-03-16 7 FINANCIAL TIMES INDUSTRIAL Monday 428.8 Friday 415.8 Week ago 406 9 IM)W JONES AVERAGE INDUSTRIALS Monday 958 36 Friday 947 72 Week ago 955.12 LONDON DOLLAKPREMIUM Monday 113'* to 113*4 Friday 112'« to 112 J H.K. HANG SENG Monday 415.45 Friday 419 11 Week ago 422 88 SYDNEY INDUSTRIALS72 words
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Page 7 Advertisements
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Advertisement339 1977-03-16 7 m m* STTMSiI JBT. IPWi rors* Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar malam! Because Penguin books are rather entertaining in a wholesome way, highly educational quite unlike the type that merely appeals to339 words
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COMMODITY REPORTS AND PRICES
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Article770 1977-03-16 8 OPENING quotations were marked down marginally In the Singapore rubber market yesterday, and thereafter the market lost further ground on lack of buying Interest and isolated long liquidation In quiet trading, dealers said. Turnover was very small. The morning session closed quiet with April RSS770 words
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Article30 1977-03-16 8 Rubber: Mar 15 Singapore: April 205.75 eta (down 1.50 cU.) Malaysia: Apr. 208.75 cts (down 1.50 ctc) Tin: $1,617 (up $16.00) Official offering: 250 tonnes (down 4 tonnes)30 words
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Article107 1977-03-16 8 April May R.A.S. (Currant Mth) (Forward Mth) ■Buyers Seller* Buyer* Seller* (cent* p erkf) (cent* pe Tk*) SSR20 (1-ton Pallet) 195 50 197 50N 197 00 109 00N SSR50 (1-ton Pallet) 103 00 105 OON 104 50 196 50N M.R.E.L.B. SMR5CV (1-ton Pallet) 224.50 226 SON 227107 words
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Article172 1977-03-16 8 THE Straits tin price In Penang yesterday was up $16.00 to $1,617.00 on an official offering down four tonnes to 250 tonnes. In LONDON yesterday, tin rose by around £37 per tonne for Cash and £45 for Three Months in both contracts. Dealer said early premarket buying interest,172 words
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Article126 1977-03-16 8 THE following Palm OU prices were quoted In London on Monday The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated Monday Pt*V. Malaysia 5% ffa bulk 590 sir 580 sir May/June Sumatra 5% Mch unch 600 sir Apl 605 qtd 597126 words
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Article344 1977-03-16 8 LONDON, Tues. Copper wlrebars gained mostly £9.05 per tonne In the morning. Dealers said the tone reflected strenght of US futures overnight with fresh buying and chart activity taking Three Months from £912 in the pre-market to £915 In the Ring. The higher levels attracted trade selling and hedging344 words
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Article347 1977-03-16 8 IN the Singapore gold market yesterday, the kilobar changed hands in the range of 5511,530 to 5511,560. Volume was moderate and demand was seen at the lower levels. The loco London gold opened at U*****.50/ 144.90 following the orderly retreat in the US gold futures market and moved up347 words
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Article85 1977-03-16 8 LONDON, Tues. Lead gained £12.25 for cash and £12.75 for Three Months In the morning. The market forged ahead on fresh buying and renewed chartist activity which took Three Months up to £435 in the Ring and to £436 on the Kerb. On Monday afternoon, lead rose by £6.5085 words
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Article101 1977-03-16 8 LONDON Tues. Zinc rose by mostly £5.75 In the morning: Values picked up In sympathy with the general trend although modest fresh buying and covering met bouts of profit-taking and hedge selling. Three Months traded up to £448 per tonne with sales of 6,350 tonnes, predominantly carries. On Monday101 words
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Article296 1977-03-16 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICL'L YESTERDAY. Coconut CHI: Bulk $105 sellers, old drum SI 10 sellers, new drum lIIS sellers Copra Mixed (loose) UK/Oont $96 buyers Pepper Muntok ASTA white f o.b 100% NLW $380 sellers. Sarawak white f ob 96% NLW $300 sellers.296 words
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Article336 1977-03-16 8 LONDON, Tues. Robusta futures ended an extended opening call "strong," £170 to £97 higher compared to yesterday's close. 818 lots were traded. Most positions traded at or above the £4,000 mark Initially but ended the session below their respective highs. Dealers said fresh buying and short-covering from both trade336 words
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Article187 1977-03-16 8 CHICAGO, Mon. Soybean futures closed on the upside, with gains of 8 1/4 to one cents a bushel, after fluctuating to either side of the previous close In 18 to nine cent trading ranges. Prices slipped Initially as speculative selling followed reports of some Increases in farmer selling and187 words
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Article110 1977-03-16 8 CHICAGO, Mon. Wheat futures ended the session with prices down 2 1/4 to 3 1/4 cents a bushel after trading in a three cent range In relatively light dealings. Prices were depressed by speculative selling encouraged by expectations that winter wheat crops benefited from recent rains and quiet conditions110 words
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MONEY AND EXCHANGES
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Article593 1977-03-16 8 YESTERDAY turned out to be another humdrum day for local dealers in Singapore's inter-bank market. Domestic money operations had a few surprises In store, however. Instead of taking Itself down to negative Interest levels, as would normally happen on a liabilities base day, the overnight interest rate was reported593 words
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Article168 1977-03-16 8 Asian rates ASIAN currency deposit Interbank rates as at close on March IS. US Dollar* (Spot) Offer Bid 7 days 4 7/8 4V4 I mth 4 15/16 413/16 2 mths 51/16 415/16 3 mths 51/4 51/8 6 mths 5 9/16 57/16 9 mths 513/16 511/16 12 mths 61/8 Sw Fr.168 words
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Article16 1977-03-16 8 -Month CD 4 ■Month 4 J/8 1/3 4 3/16 4 3/8 Source: National Discount Co16 words
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Article170 1977-03-16 8 Euro rates LONDON, Tues. Short date Eurodollar deposit rates showed a slightly wanted tendency In early trading, while period rates opened mainly steady apart from a 1/8 gain In Three Months, dealers said. Trade was moderate to fairly light. Usual Singapore Interest was reported In day to day and near170 words
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Article284 1977-03-16 8 LONDON, Tues. Sterling opened very firm and traded Just below $1.72, with some Bank of England purchases of dollars at this level holding the rate down, dealers said. They reported some profit-taking by London banks but said strong demand for sterling was evident from continental centres. The lira was284 words
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Article247 1977-03-16 8 NEW YORK, Mon. The dollar closed slightly weaker on balance after an active trading session during which the Canadian dollar fell half a cent, dealers said. The US dollar's weakness reflected mainly a rise In the mark and yen following a US Congressional Committee's recommendation that Germany and247 words
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Article33 1977-03-16 8 FRANKFURT exchanges opening quotes on March 15 US 2.3939/49 2.3925/35) Can 2.2705/25 UK 4.110/125 Neth 95.65/80 Swltz 93.55/70 Italy 2.605/710 France 47.95/48.05 Norw 45.50/58 Belg com 6.505/520 Belg fin 6.50/52 Japan 0.8505/1533 words
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Article141 1977-03-16 8 HONGKONG, Tues. The US dollar closed at HK54.6160/80 little changed from yesterday's $4.6145/65, while short term money rates eased to around 3.5 per cent from four per cent yesterday on fairly substantial Injections of funds by major banks, dealers said. They said discounts on the US dollar widened, attracting141 words
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Article60 1977-03-16 8 Minimum lending rates (in ACBC 6*« Algemene Bank 9% Bangkok Bank 7 Bank of America 6*% Bank of China 7 Bank of Tokyo 6% Bank Negara Indonesia .7 First Chicago .6* Citibank 6\ HSBC 7 Indosuez fl%» Malayan Banking 6H Mitsui Bank 6V« OCBC 6\ OUB 6V. Chartered Bank 6*«60 words
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Article52 1977-03-16 8 AUSTRALIA/NZ exchanges quoted on March 15 Australia. Sterling 0.6427/ 0.6356 US dollars 1.1013/ 1.0965 Ninety-day air mall buying rates: Sterling 0.6668 US dollars 1.1263 Ninety-day forward buying rates: Sterling 0.6484 US dollars 1.0926 New Zealand: Sterling 0.5569/ 0.5598 US dollars 0.9622/ 0 9522 Ninety-day forward rate: Sterling 0.5873 US52 words
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Article59 1977-03-16 8 ZURICH exchanges closing quotes on March 14 US 2.5562 5570 UK 4 .3880 3905 Can 2.4374 4378 W Germ 106.60 70 Neth 102.33 40 France 51.14 17 Belg 6.94 95 Denm 43.53 55 Norw 48.58 61 Swed 60.55 57 Italy 0.2880 2883 Austria 15.03 04 Port 6.59 60 Spain59 words
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Article381 1977-03-16 8 LONDON, Tues. Straight bonds were 1/4 to 3/4 points higher in relatively active trading, dealers said. The newer issues with higher coupons met some demaad while the more established Issues held steady. The BNDE 100 million mark B'/i per cent bond due 1987 and priced at par traded381 words
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Article201 1977-03-16 8 LONDON, Tues. Silver gained 1.3 to 0.5 pence per troy ounce In the morning. The market was restrained following the declines In New York yesterday, dealers said. Some buying howver was later encouraged by the higher gold fix and the trend In base metals. By the close Three Months201 words
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Article317 1977-03-16 8 LONDON, Tues. Sugar futures opened quiet £1 lower to £0.35 per tonne higher on yesterday's closing levels. Sales totalled 137 lots. The dismissal by a Prodlntorg official of yesterday's reports of Soviet white sugar buying Interest as "only rumours" was not i unexpected by market sources but probably prompted317 words
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Article221 1977-03-16 8 BANGKOK, Tues. Indicative prices for rice quoted were: In Hongkong, the market was quiet with prices down from 30 to 80 cents. The day's turnover was 245 tons comprising Thais 89, Kwangtungs 123, and Australlas 33. The arrivals were from Thai 485 tons and Kwangtung 500 tons. US dollars221 words
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Page 8 Advertisements
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Advertisement453 1977-03-16 8 THESE ARE THE BOOKS THAT HITLER BURNED THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies, withered tyrants, opened453 words
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TRANSPORT and COMMUNICATIONS
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740 1977-03-16 9 ERNEST HOLSENDOLPH - By ERNEST HOLSENDOLPH NYT LOUIS RADER thinks that the United States Postal Service will not last long, let alone thrive, If It does not get knee-deep Into electronic transmission of funds and messages, and fast. Rader, a former engineer and executive withNYT - 740 words
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932 1977-03-16 9 COLINA MCDOUGALL - By COLINA MCDOUGALL FT THE PAST history of China's new railway minister confirms, If confirmation Is still needed, that Chairman Hua Kuofeng and the country's current leadership are deeply concerned about economic development. The minister, Tuan Chun-yl, was previously minister of the firstFT - 932 words
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Article, Illustration761 1977-03-16 9 SCOTT THORNTON - By SCOTT THORNTON Reuter RESENTMENT is simmering here as hopes recede of selling the European A-3008 Airbus to the United States in the near future. The world's first twinengined wlde-bodled Jet which can seat more than 300 passengers and operate atReuter - 761 words
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Article, Illustration427 1977-03-16 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Centaur (1300 after Hrvatska) 42/43 Jamaica Farewell (A80F) (1600 draft 9m) 1/2 Perak (1800 21 West Rajah Brooke (0600) 20 West Shoko Maru (JPLX) (Tanker) (1100 subject gas (tm) (after Palm 8m Hotm) 1« Vlvton (SMMA) (IS3O 9m) 35/36 SEMBAWANG PORT Kyosel Maru427 words
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Article576 1977-03-16 9 ARRIVALS Service Operator Number Local Time 1 From TMA MAS PAA CAL JAL TL304B MH682 PA841 CI810 JL712 0530 0810 0960 1000 1000 TPE KCH SFO/HNL/OUM HLP HLP SIA CPA OIA THAI THAI SQ2U CX710 QA980 TO 423 TG981 1010 1030 1030 1035 1045 HLP HLP HLP576 words
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Page 9 Advertisements
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Advertisement160 1977-03-16 9 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail 6 months ♦Annual Singapore Malaysia. Brunei Overseas $124.00 $155.00 $186.00 Zone 47.00 55.00 94.00 $110.00 Second class airmail (Individually160 words
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Article, Illustration1211 1977-03-16 10 RICHARD BORSUK - By RICHARD BORSUK ON THE edge of this city of 700,000 people 48 km from the Laotian border, there's a row of shops with English sign-boards: "Jack's Tailoring," "Nick's Tailoring," "Oscar's Bath and Massage" and dozens of others. But the1,211 words
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466 1977-03-16 10 UPI HOUSTON: Stealing highpriced oil it i low-risk proposition in Texas, a state with 273,000 oil wells and no foolproof security system. No one knows the extent of petroleum thefts. The industry just knows it is happening and likely to happen moreUPI - 466 words
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Article, Illustration1168 1977-03-16 10 PETER GRIFFITHS - By PETER GRIFFITHS CHAIRMAN Mao Tse-tung armed it with his "invincible thought," Chairman Hua Kuo-feng parades In its uniform. Teng Hsiao-ping was purged for seeking to modernise it. The People's Liberation Army (PLA). comprising 3.5 million poorly-equipped but highly indoctrinated regulars,1,168 words
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Article461 1977-03-16 10 PETER SHAW - By PETER SHAW UPI LONDON'# population is felling down, falling down and might be only 5.5 million by 1991. Britain's capital had 7.9 million inhabitant* in 1961, a figure which today ha* dipped to (even million. Population projections made by the Greater London Council (GLC) recentlyUPI - 461 words
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Page 10 Advertisements
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Advertisement361 1977-03-16 10 NEW DIRECTIONS The magazine that actually says what you have been thinking ,a. all along. jJttk 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 light361 words
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Article391 1977-03-16 11 CALL BY PEACOCK Reuter CANBERRA, Tues. Australia warned today against ostracising, Ignoring or setting out to alienate the Governments of Indochina. Foreign Minister Andrew Peacock told Parliament that nothing could be gained from such action by either Australia or the region. "In theReuter - 391 words
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458 1977-03-16 11 Reuter MANILA, Tues.-The Philippines must generate foreign exchange earnings of not less than US$4 billion (SS9.B billion) from nontradltlonal Items by 1985 if It is to sustain a seven per cent Gross National Product growth, Assistant Trade Secretary Dakila Fonacier said. "To achieveReuter - 458 words
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369 1977-03-16 11 UPI WASHINGTON, Tues. The International Trade Commission voted yesterday to recommend slashing the current seven million tonnes sugar Import quota to 4.275 million tonnes for the next five years to boost prices for American growers. Sugar imports, which rose from a sub-normal 3.8UPI - 369 words
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Article312 1977-03-16 11 TWELVE organisations will be participating In the Singapore Training and Development Association's Workshop Leader's course on instructional technology beginning next week. They will represent a wide range of training fields from shipbuilding and repair right down to family planning. The participants to the five-day ST ADA312 words
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Article106 1977-03-16 11 Reuter HONGKONG, Tues. Hongkong's gold bullion Imports declined to 104,767 ounces In January from 352,306 In December and 279,571 In January 1976, government officials told Reuter. Of the total imports, 75,727 ounces came from Switzerland, 20,798 from Australia. 5,000 from the Netherlands and 3,242Reuter - 106 words
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Article385 1977-03-16 11 Charles B - Charles B. Managing Director, New Court Merchant Bankers, Singapore I. IN HIS article last Friday, Mr. Colin Chee made a number of points which I do not believe to be correct and some of which I would not like to let pass without comment. 1. He385 words
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233 1977-03-16 11 Reuter COLOMBO, Tues. Sri Lanka revalued the rupee by about 16 per cent against i basket of currencies, the Finance Ministry said. The rupee is revalued by 19.78 per cent against the dollar to 7.28 from 8.72 previously. The rate against sterling hasReuter - 233 words
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Article256 1977-03-16 11 UPI COLOMBO, Tues. A dock strike here is temporarily foiling the Government's latest effort to upgrade the economic situation prior to the national elections this August. Dock workers are on a goslow campaign in an apparent effort to hamper distribution of aUPI - 256 words
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Article82 1977-03-16 11 THE Singapore Institute of Standards and Industrial Research has finalised the revised edition of the Slngapore Standard Specification for Ballasts for Tubular Fluorescent Lamps. This revised edition gives the technical requirements with which the ballasts must comply to ensure the corrent performances and safety of complete fluorescent82 words
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Article35 1977-03-16 11 Reuter LONDON, Tues. Britain's sales of arms abroad would total £670 million (SS2.B billion) In 1976-77 compared with £530 million the previous financial year. Defence Minister John Gilbert Informed Parliament yesterday. Reuter.Reuter - 35 words
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513 1977-03-16 11 AP ISLAMABAD, TUCS. Pakistan is going ahead with construction of a highly controversial nuclear fuel reprocessing plant despite pressure from the United States and Canada to drop the US$l4O million (***** million) project. A government spokesman said yesterday Pakistan had no choiceAP - 513 words
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180 1977-03-16 11 KUALA LUMPUR, Tues. The Malayan Railway is now negotiating with the Port Authority of Singapore (PSA) to haul containers from the port of Singapore to the container depot at Buklt Tlmah. "We hope to finalise this agreement which will mean transporting 800,000 containers180 words
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Article226 1977-03-16 11 NYT UNITED NATIONS, Tues. China has agreed to an Increase in exchange visits with the United States In a move seen by some as a posslble overture to the Administration of President Carter. The stepped-up programme was announced by the national committee on United States-ChinaNYT - 226 words
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140 1977-03-16 11 Reuter TOKYO, Tues.i Negotiations between Japanese steel mills and Australian coal mine operators shipping coal from Port Kembla have stalled over an Australian demand for a coal price increase of nearly 20 per cent to offset Income losses stemming from last November's Australian dollarReuter - 140 words
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Page 11 Advertisements
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Advertisement485 1977-03-16 11 NOTICE IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE ORIGINATING PETITION NO. 12 OF 1977 In the Matter of the Companies Act. (Cap. 185) And In the Matter of WOODWORKING INDUSTRIES PRIVATE LIMITED NOTICE IS HEREBY GIVEN that a Petition presented to the High Court of Singapore on the485 words
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Advertisement154 1977-03-16 11 APPOINTMENTS APPOINTMENTS MANUFACTURING ENGINEERDie Casting A leading international Company requires a Manufacturing Engineer for one of their manufacturing operations in Singapore. Applicants must be graduates from a University or Technical College in Mechanical or Production Engineering with at least 2 years' experience in diecasting. He should be conversant in metal154 words
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Advertisement230 1977-03-16 11 s SUMITOMO SMMS Sumitomo Metal Mining Singapore Pte Ltd (A member of the Sumitomo Group) requires PERSONNEL EXECUTIVE Applicants are requested to submit the following particulars, including: < Qualifications Experience in similar capacity Present salary Telephone number and a recent passport photograph Sumitomo Metal Mining Singapore Pte Ltd is a230 words
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543 1977-03-16 12 SINGAPORE will b« the pivot for all marine service development In the Far East by Smlt International, one of the largest non-conven-tional marine service companies in the world. Currently, according to Capt. G. A. Niemann, managing director of Smlt International South East543 words
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Article141 1977-03-16 12 When we'll use our own oil LABUAN. Tues. Malaysia, which now imKrts most of her oil, can >k forward to using her own supplies In the future once the technical and other facilities were ready, Prime Minister Datuk Hussein Onn said today. At present, most of the country's crude oil141 words
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Article107 1977-03-16 12 Reuter LONDON. Tues. World mine production of tin in concentrates totalled 14,900 tonnes last November compared with 14,700 in October and 14.000 in November 1975, the International Tin Council said in its March bulletin. This brought the 12 month moving total to end November 1976 toReuter - 107 words
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Article731 1977-03-16 12 LONDON. Tues. The stock market closed narrowly mixed after a quiet session, dealers said At 3 pm, the Financial Times index was down 1.4 at 427.4 Government bonds were mixed with a fall In money market Interest rates making for gains of 1/4 among «hort and medium dated731 words
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295 1977-03-16 12 Reuter MANILA. Tues. President Marcos today announced the postponement from March 17 to April 21 of a plebiscite in 13 southern provinces of the Philippines on the establishment of an autonomous region. The plebiscite, originally set for February 21, has now been postponedReuter - 295 words
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177 1977-03-16 12 FOR about a week now, Esso Singapore has been quietly running a selfservice outlet In Toa Payoh as a pilot scheme to test public response to It. This comes Just three months after Shell opened its own self-service retail outlet at177 words
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Article35 1977-03-16 12 JAKARTA, Tues. More than 50,000 hectares of rice fields In the Krawang area in West Java have sustained damage from pests and floods, threatening the region's projected output this year, it was reported today.35 words
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Article, Illustration39 1977-03-16 12 UPI PRESIDENT Carter is all smiles as he stands behind Paul Warnke, his controversial choice of chief US arms negotiator, after Mr. Warnke was sworn in during a ceremony on Monday in the White House. UPIUPI - 39 words
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291 1977-03-16 12 GOVERNMENT expenditure on education in Singapore has shot up nearly six times In 14 years. This was disclosed yesterdaj by Mr. Ahmad Mattar. Parliamentary Secretary (Education), when he spoke at the seventh Commonwealth Education Ministers' conference in Accra, Ghana. Mr. Mattar, leader of the291 words
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Article197 1977-03-16 12 KUALA LUMPUR. Tues. The door is still open for Malaysia to resume Its negotiations with Australia over the multl-mllllon dollar sugar contract. The senior Australian Trade Commissioner here. Mr. T.N. Cronln, confirmed today that Informal contacts were being maintained. "This may lead to a resumption197 words
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924 1977-03-16 12 Reuter UPI TOKYO, Tues. Japan will propose Inter government talks with the United States to settle the Issue of Its colour television exports to the US, International Trade and Industry Minister Tatsuo Tanaka said today. He told a press conference that recommendationsReuter; UPI - 924 words
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483 1977-03-16 12 Reuter CANBERRA, Tues. The Australian government today warned that world Eeace would be threatened y a continuation of an arms build-up by the Soviet Union. Foreign Minister Andrew Peacock told Parliament In a major policy statement that the increase in Soviet militaryReuter - 483 words
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Article528 1977-03-16 12 Reuter PADANG BESAR, Tues. Malaysian troops engaged in their second major Joint operations with Thai forces against communist guerillas in southern Thailand today made reconnaissance sweeps around the target area, a Malaysian army commander said. Major-General Datuk Mahmood Sulalman, Joint commander of the operations, toldReuter - 528 words
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275 1977-03-16 12 LABUAN, Tues. Datuk Hussein Onn reminded all communities today to ensure that their actions do not Jeopardise the country's increasingly bright investment climate and the stable economic and political situation. The Prime Minister, who directed this advice particularly to community and political leaders275 words
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298 1977-03-16 12 PARLIAMENT SINGAPORE is currently granting tax concessions to Singapore Investors In Indonesia despite the fact that there Is no formal double taxation agreement between the two countries. The point was made by the Finance Minister. Mr. Hon Sul Sen. when replying to a298 words
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416 1977-03-16 12 DEFENCE Minister Dr. Goh Keng Swee yesterday told Parliament that every soldier in the Singapore Armed Forces will be periodically tested for drug abuse and that drug suspects will be tested once a week. In replying to a query from a backbencher. Dr. Goh416 words
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Article79 1977-03-16 12 THE Labour Minister Mr. Ong Pang Boon yesterday supported companies which retrench workers if they are over-staffed, if they are better managed or if they have instituted labour saving techniques and equipment. He told the House, in replying to criticisms from some members of what they considered79 words
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Advertisement106 1977-03-16 12 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. Hot from The United States. Nofr at the Neptune, Kasbah (1 Limited Seasom Only106 words
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