The Business Times, 22 March 1977
1977-03-22
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The Business Times
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Title Section9 1977-03-22 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, MARCH 22,1977 50 CENTS9 words
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NEWS IN BRIEF
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Article71 1977-03-22 1 Reuter LONDON. Mon. Prime Minister James Callaghan said today If his Government Is defeated In a Parliamentary confidence showdown on Wednesday and he has to quit and order a general election, he Is convinced his ruling Labour Party will win. He said the party's "conscience" will notReuter - 71 words
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Article78 1977-03-22 1 AP PARIS, Mon. The French stock market fell sharply during what a broker called "Jittery black Monday trading" after municipal election gains by the Left that gave it a popular vote majority and control of more than 70 per cent of the country's big cities. The francAP - 78 words
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Article61 1977-03-22 1 AP LONDON, Mon. Rolls-Royce Motors reported today a pre-tax profits total of £9.1 million (5538.2 million) for 1976, £3.3 million more than 1975. A statement from the directors of the company said that the weakness in sterling over the lastnine months of 1976 had resulted In aAP - 61 words
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Article67 1977-03-22 1 Reuter BONN, Mon. A group of West German oil and chemical experts is due to arrive in China today for a 17-day visit at the invitation of the Chinese Government, the Ministry for Research and Technology said here. The group is headed by the director ofReuter - 67 words
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Article33 1977-03-22 1 Reuter MANILA, Mon. President Marcos today launched a big water conservation programme in efforts to ease water shortage in Metropolitan Manila following an early summer drought in northern Philippines. Reuter.Reuter - 33 words
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Article72 1977-03-22 1 AP NICOSIA. Mon. The Abu Dhabi Fund for Arab Economic Development (ADFAED) concluded loan agreements totalling U*****.7 million (*****.3 million) during 1976, the Middle East Economic Survey reported today. The loans, it said, covered 18 light industry and infrastructure projects in 13 countries. Of these,AP - 72 words
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Article41 1977-03-22 1 Reuter LONDON, Mon. The stock market reacted sharply to the coming "no confidence" vote in Parliament on Wednesday. By 15.00 hours (British Summer Time) the Financial Times index had fallen 13.2 points to 415.3 in light trading. Reuter.Reuter - 41 words
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Article44 1977-03-22 1 UPI NEW YORK. Mon. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 958.03, down 2.99; 20 transp 231.06, down 0.29; 15 utils 107.30, down 0.22; 65 stocks 314.02, down 0.78. UPI.UPI - 44 words
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Chief Price Changes
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Article, Illustration176 1977-03-22 1 IN very quiet trading at the Stock Exchange of Singapore, prices moved narrowly to end on a mixed note yesterday. The option board also saw little activity. Reflecting the lacklustre activity, both the Business Times and Straits Times Industrial indices were fractionally changed at 253.39 and 250.01176 words
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Article112 1977-03-22 1 Falls Most active O.CB.C. S6 80 -.15 Cons. Plants 116,000 Carls berg $3.50 -.10 Haw Par 99,000 Slme Darby 91,000 Tronoh $3 40 -.10 SBS $1.41 09 Public Bank 41,000 C Storage $2.86 -.08 Total Turnover: 0.83 M Alcom $1.98 -.06 Total Value: M$1.85 M Rothmans D112 words
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764 1977-03-22 1 QUEK PECK LIM - SPECIAL AGENCY BEING CONSIDERED By QUEK PECK LIM THE Ministry of Finance is studying the feasibility of setting up a central collection agency to receive fees and rates payable to the Government and various statutory bodies. The Minister for Finance, Mr. Hon Sul Sen,764 words
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Article, Illustration323 1977-03-22 1 NEW Zealand will not take the Initiative to get Invited to the Asean summit talks to be held In August in Kuala Lumpur, but It would like to see Itself as a participant. This was stated by Mr. R. D. Muldoon, the323 words
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498 1977-03-22 1 FINANCE Minister Hon Sui Sen yesterday told Parliament that there Is no place where Singapore can safely place a nuclear power station and Singapore will therefore have to remain with conventional sources of energy. Mr. Hon, who was replying to questions from backbenchers498 words
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Article514 1977-03-22 1 Reuter UPI AP NEW DELHI, Mon. The Congress Party's 30-year grip on power In India collapsed today as the opposition Janata group scored giant gains In a general election which saw Prime Minister Indira Qandhl suffering humiliating defeat In her own constituency. The CongressReuter; UPI; AP - 514 words
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117 1977-03-22 1 ABU DHABI, Mon. Arab surplus funds totalled US$3B billion (5593.5 billion) during 1976, an Arab financial expert said today. Mr. Mohammed Nabll Ibrahim, secretary-general of the union of Arab banks, said that $24 billion of the surplus belonged to Saudi Arabia. Mr.117 words
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Article130 1977-03-22 1 ANOTHER bank enters the local gold scene today as the Development- Bank of Singapore opens its gold counter. The bank Is offering for sale gold bars welshing from as little as Ave grams, to 10 gms, 20 gnu, 100 gms, and one kilogram. In addition,130 words
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Article94 1977-03-22 1 MR. leng Sary, Cambodian deputy Prime Minister in charge of foreign affairs, arrived In Singapore yesterday on a three-day official visit at the invitation of the Singapore Government. He is the first high official of the Khmer Rouge Republic to visit Singapore since they came to94 words
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193 1977-03-22 1 TRADING in yen was brought to two-hour standstill in the Singapore foreign exchange market yesterday afternoon following the Japanese currency's spectacular rise against the US dollar in the morning. Dealers said the yen's 200point rise against the US dollar, from the opening of193 words
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Article107 1977-03-22 1 UPI WASHINGTON, Mon. President Carter welcomed Japanese Prime Minister Takeo Fukuda today as "a great leader from one of the greatest nations on earth," and said the two would go to the London economic summit next May "as equals." He praised Japan for becoming a great economicUPI - 107 words
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423 1977-03-22 1 THE Minister for Finance, Mr. Hon Sul Sen, yesterday expressed concern over the apparent lack of Intent on the part of the United States to conclude an air services agreement with Singapore. Replying to a member's question In Parliament on Singapore Airlines'423 words
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Article184 1977-03-22 1 Reuter MANILA, Mon. An Asean "president's club" or APC, whose membership will be limited to presidents and board chairmen of financial Institutions and business firms In Asean, Is being organised here. The organisation Is being formed under the auspices of the Manila-based Asian ResearchReuter - 184 words
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Page 1 Advertisements
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Advertisement58 1977-03-22 1 for plain paper copying *****33 ▼Wf Wiwy Private Limited jnXy a responsible company 39th Floor Hong Leong Building Singapore 1. SEE BACK PAGE INSIDE Overseas news/TV Overseas stocks —P7 Radio P2 Commodities P8 Overseas Transport ft Comnews/Features P3 munications P9 Local Co news P4 Features PlO International Co news— P558 words
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Advertisement70 1977-03-22 1 ROBINS! )\S GRAND %ANNUAL SPECIALISTS'SHOPPING CENTRE Orchard Road, Singapore 9Tel: *****2 SHOPPING HOURS w Mons Tues Weds Fri 9.45 am to 6 30pm L Thurs Sats k 9.45 am to 9 30pm B Sundays9.4sam to spm NOW ON THE VALUE-PACKED EVENT OF THE YEAR. GIGANTIC STOREWIDE BARGAINS FOR ALL. QUALITY70 words
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Advertisement110 1977-03-22 1 U-Bix COMPLETE COPYING SYSTEM APS ELECTRONICS iPRIVATEI LIMITED Singapore T *****2 (5 Lmti) APS ELECTRONICS <M) SDN BHD KUALA LUMPUP T«i 2036^?'«t40 SEE BACK PAGE 0k a r r f V: i i I* "ML CXPORT. GOOD FOR YOUR DUSJN€SS, GOOD FOR SINGAPOR€. The Chartered Bank takes the complications out110 words
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OVERSEAS
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250 1977-03-22 2 -UPI BEIRUT, Mon. President Ellas Sarkis heads a council of ministers meeting today to consider additional measures designed to curb fresh violence stemming from the assassination of leftist leader Kamal Jumblatt last Wednesday. Three people were wounded yesterday In a sudden outburst-UPI - 250 words
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Article, Illustration507 1977-03-22 2 Reuter PARIS 1 Mon. The authority of French President Valery Giscard d'Estaing appeared increasingly threatened today after the opposition socialistcommunist alliance whipped his Government forces in national municipal elections. The only major success for the ruling majority in yesterday's second round of municipal voting,Reuter; Source: (UPI photo) - 507 words
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204 1977-03-22 2 Reuter AMMAN, Mon. A aummit conference of four Arab League member atatea opens in Taiz, North Yemen, tomorrow to diacuaa the Red Sea, faat becoming one of the moat aenaitive areas in terma of Arab aecuritv. The atatea, which Will be represented byReuter - 204 words
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Article412 1977-03-22 2 Reuter WASHINGTON, Mon. The French government has spent more than US$2.7 million (SS7 million) In a US campaign to secure landing rights for the Anglo-French supersonic airliner Concorde. two columnists said today, quoting Justice Department files. The money was used for legal moves, public relations andReuter - 412 words
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Article481 1977-03-22 2 AP ROME. Mon. The fragile political agreement holding together the minority government of Christian democrat Glullo Andreottl is facing a tough test today as the Increasingly powerful Left, led by the communist party, reportedly is getting set to stage a fresh drive for a larger voiceAP - 481 words
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Article, Illustration901 1977-03-22 2 PAUL CHUTKOW - Indira —the aura of mystique vanishes By PAUL CHUTKOW AP NEW DELHI. Mon. Indira Gandhi used to be known as the woman with the magic political touch. During her 11 years as India's Prime Minister, the tough, shrewd, charming, 59-year-old political wonder awed her supporters and her detractors with herAP; Source: (AP photo); Source: (UPI photo) - 901 words
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403 1977-03-22 3 NEW YORK, Monday NYT BY 1985, a thin margin is expected to exist between the Industrialised world's thirst for Imported oil and the Organisation of Petroleum Exporting Countries' desire to quench it, according to a recent study. If the 24 memoersNYT - 403 words
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390 1977-03-22 3 AP DOVER, (New Hampshire), Mon. This is the heart of America's shoe manufacturing country. Yet budget-conscious shoppers are seen browsing dally through discount stores for bargains on cheap imported shoes. There are at least three shoe factories within a few kilometres ofAP - 390 words
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Article116 1977-03-22 3 Reuter JAKARTA, Mon. Indonesia will cut its oil exports to Japan and the United States this year major General Piet Harjono, head of the state-owned oil company Pertamina said today. "We have to cut the export of crude oils to Japan and the US thisReuter - 116 words
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291 1977-03-22 3 AP NICOSIA, Mon. Daily production rate of crude oil in the Middle East rose 12.3 per cent to an average of 21,630,000 barrels during 1976, the Middle East Economic Survey (MEES) reported today. The only exception was Iraq, whose productionAP - 291 words
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801 1977-03-22 3 ALVIN SHUSTER - By ALVIN SHUSTER NYT LAST YEAR'S disclosures of Lockheed Aircraft Corporation bribes In Europe and Japan brought Inquiries. top-level expressions of shock, but apart from the few businessmen and politicians actually prosecuted, no other action has been taken to curbNYT - 801 words
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265 1977-03-22 3 Reuter LONDON. Mon. An influential economic policy unit today urged the British Government to renegotiate the restrictive policies agreed with the International Monetary Fund (IMF) last December to secure a US$3.O billion (519.5 billion) loan. The annual review of the Cambridge University Economic PolicyReuter - 265 words
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102 1977-03-22 3 Reuter JEDDAH, Mon. Saudi Arabia's Oil Minister, Ahmed Zakl Yamanl, said in an interview published here negotiations to give his country full ownership of the Arab-American Oil Co (Aramco) would have a retroactive effect from Jan 1, 1976. The Riyadh dally newspaper Al-Rlyadh, quoted himReuter - 102 words
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897 1977-03-22 3 GILL WEBSTER - By GILL WEBSTER FT NOWADAYS, the concept of state-issued old age pensions is totally accepted in most Industrialised countries. But in some parts of the world the very idea still arouses violent controversy. White South Africans have greeted their Department of Social Welfare andFT - 897 words
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Page 2 Advertisements
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Advertisement248 1977-03-22 2 "AS I WAS PASSING" is now compiled into a book $43° All those articles that you've meant to read, but didn't have time for, but which vou promised yourself you'd cut out and keep, and missed, because the papers had been used to wrap up things, or had been sold248 words
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Page 2 Miscellaneous
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Miscellaneous21 1977-03-22 2 BJZStcJW.'FraoJc -Dickens ue.uo,neao, wfeuo \4PIVIMG ft CRPiRVf uXii£ GJOVozjocs fePIOC IS ToCMfeO G-Hf pfcpt Josf gxicC^HO ON TH€. CONTENTS Of TH£.21 words
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Miscellaneous44 1977-03-22 2 ISF BJUm E WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on March 21 at Singapore airport. Maximum Temperature Associated Humidity Minimum Temperature Associated Humidity Hours of Sunshine Rainfall in Millimetres Total Rainfall for the Month Total Rainy Days for the Month44 words
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Miscellaneous271 1977-03-22 2 RADIO TV SINGAPORE 5 3.00 P.M. Opening Announcements followed by Flying Nun (r)® 3.25 Diary of Events (English) 3.30 Magazine Zero One (r)® 3.45 General Hospital 4.25 Intermission 6.05 Opening Announcements followed by The Swiss Family Robinson Disappearance" 6.30 News in Brief 9 6.35 Porky Pig Show 0 7.05 The271 words
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Page 3 Advertisements
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Advertisement291 1977-03-22 3 Which bank delivers you a whole world of financial knowledge? We do. Bank of America. When it conies to finance, we are there our money centers and branches around the globe keep lis in constant daily touch with fluctuations ifi all major N currencies. We have the expertise based on291 words
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COMPANY NEWS
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924 1977-03-22 4 CYCLE and Carriage Bintang, which Is to be floated on the Kuala Lumpur Stock Exchange, made a pre-tax profit of M 511.43 million In the year ended Sept 30. 1976 slightly down from the $12.09 million of 1975. The figures are revealed In a924 words
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Article519 1977-03-22 4 Current Ex Date Total for Total for payment Date payable the year previous year Wilkinson Ptoc*»* Idris Hyd TdnjongTin A. Amalgamated Aver Molek S.P. Textile Kahman Hyd. Yeo Hiap Seng (Ml (K>prn| Con. Pengkalen Yep Hiap Seng t'.A.C. K.L. Kepong Hume (M) M Bankings Min. Sec. Robinson Prima519 words
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COMPANY MEETINGS
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Article21 1977-03-22 4 THE following company meetings are due: Mar 21. 10 a.m., 13th Floor, Tunas Building, Anson Road. Singapore 2.21 words
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Article12 1977-03-22 4 Mar 22. 11 a.m., Registered Office. Batu Tlga. Selangor.12 words
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19 1977-03-22 4 Mar 23. 11 a.m., 11th Floor. Chartered Bank Building. 2 Jalan Ampang, Kuala Lumpur.19 words
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Article21 1977-03-22 4 Mar 23. 12 noon Studio 3. sth Floor, Kuala Lumpur Hilton. Jalan Sultan Ismail. Kuala Lumpur.21 words
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17 1977-03-22 4 Mar 24. 2.30 p.m.. Registered Office. 70 Jalan Ampang, Kuala Lumpur.17 words
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Article20 1977-03-22 4 Mar 25, 10.30 a.m., Registered Office, 12th Floor. Fitzpatrick's Building. 86 Jalan Raja Chulan, Kuala Lumpur.20 words
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Article33 1977-03-22 4 HARRISONS Malaysian Estates said Its share exchange offer for Oolden Hope Plantations has been accepted on behalf of 90.19 per cent of the shares. The offer remains open until further notice.33 words
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296 1977-03-22 4 BOUSTEADCO Singapore Is I holding talks with Its 61.5 I Ex cent owned subsidiary, oustead Unochrome Australia with a view to I making a takeover offer for the Australian company. The talks, according to a Reuter report from Melbourne, concern the possible296 words
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Article1504 1977-03-22 4 DAVID BUCHAN - TRIPLE A CREDIT RATING By DAVID BUCHAN FT THE European Community plans to step up Its borrowing on the international money markets. The fact that the EEC Institutions In general have earned themselves a Triple A credit rating has not been lost on theFT - 1,504 words
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513 1977-03-22 4 STOCKHOLM, Mon. Granges, the Swedish heavy Industry group, reports a loss of Kr. 295 million on a Kr. 5.38 billion turnover in 1976. The loss Is Kr. 15 million heavier than forecast In January, when the board warned that no dividend would be paid513 words
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Article84 1977-03-22 4 HONGKONG. Mon. Unaudited consolidated net profit at Nan Fung Textiles rose to HKS24 44 million from $15.78 million for the first six months ended Sept 30, 1976. With the buoyant results, Nan Fung has raised the Interim dividend to 12 cents from 10 cents, payable on84 words
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501 1977-03-22 4 TROPICAL Veneer Company has won Its long battle to survive after being placed In receivership last July. The victory is at a stiff cost since the company will be paying Its rescue party. Low Nam Hul and Sons (LNH), 45 per cent of pretax501 words
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503 1977-03-22 4 WITH the buoyant tin market, Tongkah Harbour is making a strong recovery in the current 12 months after having gone on the slide over the previous two years. Pre-tax profit plunged from M 55.18 million in 1973/74 to only $769,000 In 1975/76 on the back503 words
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299 1977-03-22 4 ALTHOUGH GleneaJ.y Plantations has reported a higher unaudited net loss of M 561.478 against $40,784 previously for the first six months ended Dec 31, 1976. the Interim results are not indicative of any adverse trend for the current year. In the previous year, despite299 words
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Latest results
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Article76 1977-03-22 4 Net pre-tax profit M 54.85 million ($3.44 million) for the year ended Dec 31, 1976. Turnover $37.09 million ($29.98 million). Tax $786,000 ($500), leaving after-tax profit $4.06 million ($3.44 million). Depreciation of fixed assets $657,819 ($613,411). Net profit $3.99 million ($3.44 million) after extraordinary debit $77,317 (nil).76 words
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Article67 1977-03-22 4 Group pre-tax loss M 524,329 (loss $61,473) for the first half-year ended Dec 31, 1976 on revenue $278,012 ($95,335). Investment Income $273,206 ($77,056), rental $1,500 ($1,500), interest income $3,306 ($16,661) and sundry receipts nil ($118). Parent pre-tax profit $888,572 ($400,498) on revenue $1.06 million ($452,536). Dividend income67 words
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Article32 1977-03-22 4 Pre-tux profit M 534.189 ($74,830) for the year ended Jan 31, 1977. Income from tribute and investments $48,404 ($88,238). Expenses $14,215 ($13,402). Tin ore output 612 piculs (2,255 piculs).32 words
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Article38 1977-03-22 4 Pre-tax profit M 5253.097 ($238,665) for the year ended Dec 31, 1976. Tax $105,446 ($104,614), leaving after-tax profit $147,651 ($134,051). Depreciation of fixed assets $17,456 ($17,635). First and final dividend 22 per cent (20 per cent).38 words
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Article123 1977-03-22 4 BETHLEHEM Singapore, one of the four 011-rlg yards here, announced that Mr. John C. Estes, currently president and general manager of the shipyard has been appointed manager of Beaumont Yard In Texas. Mr. Ralph A. Leaf, general manager of Beaumont Yard, will retire on April 30 this123 words
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Article97 1977-03-22 4 Reuter LONDON, Mon. The amount of the Inchcape (Bermuda) convertible Eurobond has been raised to $35 million from $25 million and the coupon fixed at 63/4 per cent compared with the originally indicated seven per cent following heavy oversubscroption. Baring Bros and Co said as jointReuter - 97 words
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Page 4 Advertisements
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Advertisement191 1977-03-22 4 ASIA RESEARCH BULLETIN This unique publicotion offers businessmen eoch month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided into six separate reports of about 8,000 words each. There is191 words
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INTERNATIONAL COMPANY NEWS
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Article558 1977-03-22 5 OSAKA, Mon. Matsushita Electric Industrial senior managing director for finance, Mr. Masaji Hino said the company aims to boost consolidated net income to a record 80 billion yen in the year ending Nov 20, 1977. from 65.7 billion last year. In an interview with Reuter, Mr.558 words
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Article135 1977-03-22 5 Reuter MANILA, Mon. The Philippine National Oil Co exploration corporation said it has spudded its second exploratory well in Cagayan Valley, North-east Philippines. Geologist Emmanuel Tamesis said the well, named Gamal No. 1, is schduled to reach 3,170 metres. Two more wells are to be drilledReuter - 135 words
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Article60 1977-03-22 5 HONGKONG, Mon. Hutchison Properties has raised its final dividend for 1976 by three HK cents to 40 cents, making a total of 50 cents (47 cents) for the year. Books will close from May 21 to June 3. Hutchison Properties, a member of the Hutchison International group, reported consolidated60 words
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Article130 1977-03-22 5 Reuter SYDNEY, Mon.— Waltons has enjoyed a 51.1 per cent Jump In consolidated net operating profit to A 55.59 million from $3.7 million in the first half—year ended Jan 31, 1977. The profit Jump was achieved on the back of a sales rise of only 6.3 perReuter - 130 words
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Article85 1977-03-22 5 HONGKONG, Mon. Hopewell has raised the interim dividend to five HK cents from four cents for the year ending June 30, 1977. Books will be closed from March 28 to April 7. The company did not announce an Interim profit figure, but said unaudited consolidated net profit for85 words
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Article51 1977-03-22 5 LONDON, Mon. Union Bank of Finland plans an lssue of US$3O million floating rate notes due 1972, Citicorp International Group said. Issue price will be par. The subordinated notes will carry 1/4 per cent spreau over London Interbank Eurodollar offered rates with a minimum rate of 6Vi per51 words
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757 1977-03-22 5 GEOFFREY OWEN - By GEOFFREY OWEN FT ON the basis of past precedents. the Lonrho bid for Dunford and Elliott, the Sheffield special steels company, seemed almost certain to be referred to the Monopolise Commission. It is a conglomerate merger in which the acquirer appears to haveFT - 757 words
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Article586 1977-03-22 5 By ROBERT METZ: New York NYT WORLD Airways, which has caused nervousness In the airline Industry since the company began seeking authority to fly coast-to-coast routes at US$B9 each way, announced last Thursday that It would spend $500 million to buy new McDonnell Douglas DC-lOs. As aNYT - 586 words
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Article393 1977-03-22 5 Reuter MELBOURNE. Mon. Mary Kathleen Uranium (MKU) said It will not be able to meet Its commitments to deliver contracted tonnages of uranium oxide (U308) In the period 1977 to 1980. Company chairman Frank Esple said In his annual report the company's Inability to deliver the contractedReuter - 393 words
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Article1449 1977-03-22 5 NICHOLAS COLCHESTER - By NICHOLAS COLCHESTER FT OBERHAUSEN STERKRADE can be called one of the source's of West Germany's Industrial wealth. It was there In 1758 that the Ruhr's first Iron smelter was fired up. Fifty years later there were three Iron works in operation there Gutehoffnungshuette, the iron worksFT - 1,449 words
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882 1977-03-22 5 JERRY FLINT - By, JERRY FLINT NYT DID Columbia Gas System, through a series of management decisions, help turn a bad winter Into a national economic crisis? There are Indications that the answer Is yes. Columbia Oas Is not a well known corporate name. ButNYT - 882 words
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Page 5 Advertisements
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Advertisement259 1977-03-22 5 This issue having been completed, this announcement appears for the purpose of record only. WW ACMA ELECTRICAL INDUSTRIES LIMITED (Incorporated in the Republic of Singapore) Rights Issue of 6,406,250 Ordinary Shares of Ssl.oo each at a price of Ssl.oo per share Managed and underwritten by First Chicago Asia Merchant Bank259 words
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Article2163 1977-03-22 6 1976/77 High Low Company Last Sale +orGr't div Div c'vr Gr't yld Net P/E Vol C000) Day High Low SECTION ONE INDUSTRIALS 175* 133 200 100 237 184 201* 204 248 460 133 127 172 00 185 66 127* 149 172 378 Acma Acma A Alcom Allied2,163 words
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Article1156 1977-03-22 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after word "Set" Big Board deals1,156 words
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Article1232 1977-03-22 6 BID and offer prices officially listed and business In and reported to the Kuala Lurrpur Stock Exchange yesterday with number of shares traded shown in brackets in low of 1.000 units unless otherwise specified INDUSTRIALS Aema <1 438). A. Taps (Oil 48) Ajinanvata (2 008) Alcem (21,232 words
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Article98 1977-03-22 6 STRIKING price* 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. D.B.S. (June $3.90) (0.078 0.10S) (June $3.60) (0.16B) Inchcape (June $2.40) (0.118 0.11 1/2S) (3)98 words
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Article152 1977-03-22 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price* for Mar 22) (Current price*) The Commerce 1.75 1.85 INCOME BOND.. 1.10 l.ie The Saving Fund 0 88 0 03xd S pore Prof Fund 0 .78 S'pore Security Fund 1.42 0 83 MARA BUMIPUTRA FUND 1.50 (Manager*' price* for Mar152 words
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Article163 1977-03-22 6 BOTH 1/2% 1981 (100,000) (1038 103 3 «S) D B S 8 1/2% 1982 (100.000) (100'«B 101S) DBS Converts 6 1/2% 1991 (100.000) (96' jB 97'»S) E 1 B 1982 (100.000) (103'»B 104 3 »S) E I B 8 1/2% 1983 (100.000) (1008 100-iS) I B J 8163 words
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Article128 1977-03-22 6 5 1/2% 1/12/77 (1,000,000) (101.508 101.655) 5% T F 1/3/78 (1,000,000) (102.658 102.855) 5 1/2% 15/4/78 (1,000,000) (101.638 101.735) 5 1/4% 15/7/78 (1,000,000) (101.558 101.60S) 6 1/2% 15/8/78 (1,000,000) (103.208 103 355) 5 1/2% 1/10/77-79 (1,000,000) (101 658 101.70S) 5 1/4% 15/10/79 (1,000,000) (101 088 101.18S) 6128 words
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Advertisement245 1977-03-22 6 t v*3ofej»r v ■''*v /T >■ --v. .-A r;f|b; I»<J* 4 r/y i£w> fc**.* v f y£ gfs£»M *$£*-?><?&- ,djfl mmm fH® s?': -JN. > u >>; mm ,t>' r '-T 5 BCBfefr f *y *w» Mr i i *>/» i 'J k L J .J Alex Josey has long245 words
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Article460 1977-03-22 7 SHARES moved narrowly and finished on a mixed note in very quiet trading at the Stock Exchange of Singapore yesterday. There was just no followthrough buying to provide any impetus during the morning session when most prices were marked up on scattered support. After the lapse of460 words
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Article388 1977-03-22 7 SHARES finished unchanged to slightly easier In very quiet trading on the Kuala Lumpur stock market yesterday. The general disinclination to deal was well reflected In the small volume of business yesterday. Much of the Inhibition among operators and traders could be linked to the388 words
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Article222 1977-03-22 7 LONDON, Mon. After interest charges down from 1211,000 to £159,000, profit for 1976 of Plantation Holdings Increased from £2.26 million to £3.52 million subject to tax of £1.66 million, compared with £1.01 million. At halfway profit was up from £0.71 million to £1.21 million. For the year stated222 words
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Article612 1977-03-22 7 JOHN ALLAN - By JOHN ALLAN NYT THE stalemate In the credit markets that has kept Interest rates unusually stable this month continued last week. Money-market economists and bond traders could see little reason last Friday for this steadiness to give way very soon. In fact, the strength ofNYT - 612 words
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Article97 1977-03-22 7 FRANKFURT. Mon. The South Korean Exchange Bank Is planning to raise a US$lOO million five-year Euromarket credit, probably to be syndicated after Easter, Euromarket sources said. Negotiations are still in a fairly early stage and final conditions have yet to be fixed. Recent medium-term South Korean97 words
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OVERSEAS MARKETS
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Article136 1977-03-22 7 SYDNEY: Mining leaders, particularly base metals and folds, rose on the continuing lrmness of world metal markets, dealers said on Monday. The Sydney All-Ordinaries index rose 5 08 points to 430 21. Central Norteman stood out, rising 53 cents to $4.10. while GMK advanced 10 to 50 cents and136 words
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Article147 1977-03-22 7 MANILA: Mining stocks conUnued to gain on the firmness ol world metal prices, but the oil sector was slightly lower and commercials dull, dealers said on Monday Turnover rose to 5 62 million pesos from Friday's 2.46 million MAR 21 Pesos Acoje Mining 0175 ♦0 0005 Atlas Con. A147 words
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Article383 1977-03-22 7 HONO KONO: The market closed little changed in quiet trading as some short covering and local buying In the afternoon helped prices regain slight morning losses, dealers said on Monday. The Hang Seng Index dropped 0.58 points to 415.61. Among leading issues, Swire Pacific was the main feature, rising383 words
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Article97 1977-03-22 7 MAR 21 Bah is Asia Fibre 133 ♦1 Bangkok Bank 247 unch Bangkok Invest 171 9 Bangkok-Metro-politan Bank Bata 393 ♦4 BerliJucker 186 ♦2 Charoong Thai Wire 148S -1 Dumex DusltThanl Faber Merlin First Trust Indo-Thal 185S unch J And J Ho 219S Jalaprathan Cement 86 -3 Karnasuta Lee97 words
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Article139 1977-03-22 7 LONDON, Mon. Taxable profit for shoe manufacturers, wholesalers and retailers, Church and Company soared in the second half of 1976 by £570,000 to £1.37 million to end the year with a record £1.96 million against £1.29 million. Sales rose £3.12 million to £16 89 million. States139 words
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586 1977-03-22 7 NYT NEW YORK, Mon The paper industry which contends that one-fifth of Its capital spending goes simply to meet regulatory requirements Is taking aim at the stlffest provisions of the 1972 Federal Water Pollution Act. Specifically, the paper Industry maintains that itNYT - 586 words
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Article823 1977-03-22 7 FOX BUTTERFIELD - By FOX BUTTERFIELD NYT AS the standing-room-only audience waits for the fashion show to start In the darkened theatre, a spotlight plays on shirtless man clad only in Blue Jeans. "In the beginning there were Jeans," a grave-sound-ing voice says over a loudspeaker. "Then came "BangNYT - 823 words
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Article933 1977-03-22 7 ROBERT LENZNER - By ROBERT LENZNER FT OPTIONS are fast becoming an establishment investment vehicle. The right to buy common stock at a fixed price by a certain date is being traded on five stock exchanges across the nation, and finally the New York Stock Exchange has succumbed. TheFT - 933 words
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Article78 1977-03-22 7 Reuter TOKYO. Mon A group of three Mitsui companies received a six billion yen order from Turkey's Petklm Petrokimya for the export of polyethylene plant with an annual capacity of 40.000 tonnes of low-density polyethylene, Mistsui Petrochemical Industries said. The plant will be Installed at a petrochemical industriesReuter - 78 words
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Article35 1977-03-22 7 HONGKONG. Frl. Unlsouth is paying a maintained interim dividend of 30 HK cents for the year ending March 31, 1977. The company said profit In the first nine months of the year was satisfactory35 words
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Page 7 Advertisements
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Advertisement176 1977-03-22 7 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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COMMODITY REPORTS AND PRICES
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Article759 1977-03-22 8 DEALERS said opening quotations in the Singapore rubber market yesterday, were unchanged but later prices eased gradually on stale bull liquidation and lack of buying support In quiet trading. Turnover was moderate. Forwards and physicals were neglected. Rubber prices generally fell back during the morning759 words
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Article30 1977-03-22 8 Rubber: Mar 21 Singapore: April 204.00 cts (down 0.75 ct) Malaysia: April 206.75 cts (down 1.25 cts) Tin: $1,578.00 (down $22.00) Official offering: 245 tonnes (up 45 tonnes)30 words
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Article109 1977-03-22 8 April May R.A.S. (Currant Mtk) (For »ard Mlfc) Buyer Seller. Buyer* Sellers (CM ■U per kf) (CM lUperkf) SSR20 (1-ton Pallet) 185 50 197.50N 197.00 199 00N SSRSO (1-ton Pallet) 103 00 195 00N 194 50 190 50N M.R.E.L.B. SMR 5CV (1-ton Pallet) 223 50 225 50B109 words
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Article225 1977-03-22 8 BANGKOK, Mon. Indicative prices quoted for rice were: US dollars per tonne fob basis Bangkok: White Rice 100 per cent Ist class 289 100 per cent 2nd class 272 100 per cent 3rd class 267 5 per cent 257 10 per cent 238 15 per cent 235 20 per225 words
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Article120 1977-03-22 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk $115 sellers, old drum $120 sellers, new drum $125 sellers Copra Mixed (loose) UK/Cont $74 buyers. Pepper Muntok ASTA white f.o.b. 100% NLW $405 sellers. Sarawak white f ob 90S NLW $385 sellers, Sarawak special120 words
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Article187 1977-03-22 8 IN the Singapore gold market yesterday, the kllobar was traded in the range of 5512.015 to 5512.050. The loco London gold opened at U*****.50/150.90 and was bldded up to US$l5l.OO/151.40. At the close, although nervous, long liquidation were seen after lunch. The London morning fix was U*****.40 up $1.35187 words
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Article182 1977-03-22 8 THE Straits tin price in Penang yesterday was down $22.00 to $1,578.00 on an official offering up 45 tonnes to 245 tonnes. In LONDON yesterday, tin fell by around £9.7 for Cash and £90 for ~hree Months In both contracts. Dealers said the decline was largely technical. A182 words
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Article111 1977-03-22 8 LONDON, Mon. Copper wlrebars lost £2 for Cash and £1.50 for Three Months In the morning. The market was steady Initially based on the trend at New York on Friday, and the situation In Zaire, dealers said, and Three Months trading up to £935 in early pre-rlng dealings. Values111 words
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Article51 1977-03-22 8 LONDON, Mon. Silver finished with gains of 3.2 to 2.5 pence per troy ounce in the morning. In contrast to base metals, the market ruled very steady aided by Fri- day's New York gains, firmness in gold and weaker sterling. Bullion dealers fix also provided support. Trading was only51 words
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Article91 1977-03-22 8 LONDON, Mon. Lead fell by £15.25 for Cash and £14.75 for Three Months In the morning. Sentiment was still governed by concern about enquiries into lead trading, dealers said, with stale bull liquidation and stoploss selling experienced throughout the morning. Three Months traded In the early pre-market at £43391 words
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Article66 1977-03-22 8 LONDON, Mon. Zinc fell by £12.25 for Cash and £11 for three months In the morning. The decline In lead unsettled the market although the lower levels found some covering support which re- flected relative steadiness of copper, dealers said. Three months traded from £435 on the premarket down66 words
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Article151 1977-03-22 8 LONDON, Mon. Coffee futures closed the opening call easier, £40 higher to £29 per tonne lower compared to Friday's close. 171 lots were traded. Trading was rather thin. Stoploss selling contributed to the easier tendency as Initial local dealers and commission house buying dried up. July closed £10 lower151 words
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Article221 1977-03-22 8 LONDON. Mon. Sugar futures opened with first call guns of £0.70 (near May at £134 bid) to £1.60 per tonne on small scale commission house and trade support. Dealers said sentiment appeared affected by signs of increased enquiry. The London dally raws price was raised £0.50 per tonne to221 words
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793 1977-03-22 8 NYT NEW YORK, Mon. Are Third World demands for commodity price stabilisation pacts with the Industrialised nations Just a euphemism for requests for financial aid without political strings or charity labels attached? The question, which most commodity experts answer in theNYT - 793 words
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Article516 1977-03-22 8 Washington Star WASHINGTON, Mon. What goes up must come down, and experts don't think the price of coffee Is an exception. An international economist with the Department of Agriculture said the coffee situation Is reaching the point where It has to break, and he added thatWashington Star - 516 words
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MONEY AND EXCHANGES
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Article49 1977-03-22 8 AUSTRALIA/NZ exchanges luoted on March 21 ustratla: Sterling 0.6434/0 6363 US dollars 1.1015/1.0967 Ninety-day air mail buying rates: Sterling 0.6663 US dollars 1.1265 Ninety-day forward buying rates: Sterling 0.6483 US dollars 1 0917 New Zealand: Sterling 0.5581/0.5550 US dollars 0.9629/0.9529 Ninety-day forward rates: Sterling 0.5873 US dollars 0.981549 words
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Article34 1977-03-22 8 FRANKFURT exchanges opening quotes on March 21 US 2.3878/88 (2.3890/ 3900) Can 2.2665/85 UK 4.090/105 Neth 95.67/82 Swltz 93.70/85 Italy 2.690/705 France 47.80/95 Norw 45.46/54 Belg Com 6.510/525 Belg Fin 6.49/51 Japan 0.8545/6034 words
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Article320 1977-03-22 8 LONDON, Mon. Straight bonds were basically unchanged In quiet trading, dealers said. Convertibles were very quiet following the holiday in Japan while US dollar bonds were largely unchanged LONDON Eurobond prices quoted on March 21 Straight* Bid OFFER Austria 8*« 90 100'. Bell Canada 8*. 86 105S BFCE8».83320 words
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Article586 1977-03-22 8 THE yen staged a strong rally against the US dollar In the Singapore foreign exchange market yesterday following a comment by the Japanese Prime Minister, Mr. Takeo Fukuda, that he would like to see the yen at Its natural level In the market without his government's Intervention. From the586 words
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Article187 1977-03-22 8 Asian rates ASIAN currency deposit Interbank rates u at clow on March 21 U8 Dollar* (Spot) Offer Bid 1 days .4 7/8 4 3/4 1 roth 4 15/18 4 13/16 2 mths 5 1/18 4 15/18 3 mths 5 3/18 5 1/18 8 mths 5 5/8 5 1/2 9 mths187 words
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Article50 1977-03-22 8 RANtJE of price* offered by dlscount house on March 21 Overnlfht 1 W to 3% Call deposit 3S Ctsstag Bay ScUiac 3- Month Treasury bills 3 2 7/8 3-Month Banks bills 3 15/16 3 13/18 3-Months CD 4 1/8 «-Months CD 4 3/* 4 1/4 Source: National Discount Co.50 words
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Article344 1977-03-22 8 LONDON, Mon. The yen gained In European and Far East currency trading ahead of Japanese Prime Minister Takeo Fukuda's visit to Washington, Influenced by speculation Japan may adopt much more expansive policies and allow its currency to appreciate. sterling and the French franc traded nervously on uncertainties ahead of344 words
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Article246 1977-03-22 8 HONGKONG, Mon. The US dollar eased against the yen, with Tokyo foreign exchange trading closed today, and against the mark, but firmed further against the Hongkong dollar, dealers said. The US unit was quoted at a late 279.00/30 yen compared with the 280.50/60 US close, after opening around 279.90/280.00246 words
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Article142 1977-03-22 8 Euro rates LONDON, Mon. Eurodollar deposit rates opened steady and showed little change In early quiet trading, dealers said. Dealers reported a slow start In line with usual early Monday trading with Singapore Interest and rollover requirements both rather light. Initial losses In One and Four Months of 1/4 and142 words
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Article57 1977-03-22 8 Minimum lending rates (in ACBC 6% First Chicago 6*i Algemene Bank Citibank 6*. Bangkok Bank 7 HSBC 7 Bank of America 6*. Indosuez Bank of China .7 Malayan Banking 6*. Bank of Tokyo 8V. Mitsui Bank 6*« Bank Negara OCBC fl*. Indonesia .7 OUB 8*. Chartered Bank UCB 7 Chase57 words
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Page 8 Advertisements
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Advertisement116 1977-03-22 8 TOP EXECUTIVE how to ochieve it how to hold it...TODAY.. ...is for YOU the younger executive JVV 3 .1, This forceful, fast-reading new Guide exposes the dynamic strategies seldom openly discussed and almost unknown to the younger man who needs them most. j Now you can learn: Wk how to116 words
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TRANSPORT AND COMMUNICATIONS
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2021 1977-03-22 9 TERRY DODSWORTH - By TERRY DODSWORTH FT NO ONE would have dared predict 18 months ago that the Japanese car Import drive into Britain could be contained without punitive government action. Yet, compared with the explosion In Japanese car safes In the early part ofFT - 2,021 words
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824 1977-03-22 9 JACK GEE - By JACK GEE Financial Times News-Features THOSE WHOSE working life forces them to make their second home in succession of hotels In the Middle East will take comfort from the arrival on the scene of a considerable oneman force for Improvement, in the person ofFinancial Times News-Features - 824 words
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Article, Illustration413 1977-03-22 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Auby (1700) 21 West Bendoran (after Eumaeus) (Class I on Board) 33/34 Cherry Vilja (B. Barge) (0800) 48 Du Shan (HPNF) (1800 subject freeboard) 19 Jalakendra (0600 after Ocean Betelgeuse) 6/7 Kota Indah (0700) 40/41 Kota Singapura (1900 after Royal Viking Sky) 47413 words
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Article333 1977-03-22 9 BURBANK, California, Mon. LockheedCalifornia Company said today it is holding discussions with major airlines about new derivatives of Its L-1011 Trlstar Jetliner designed for short to medium-range routes In the 1980s Richard Taylor, vicepresident and general manager of commercial programmes, said the company is showing design concepts333 words
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Article577 1977-03-22 9 ARRIVALS Service Loo Ll Operator Number Time From CAL CI331 0040 TPE/HKG/KUL TMA TL303B 0215 BEY/BOM/KUL MAS MH682 0810 KCH JAL. JL712 1000 HLP SIA SQ211 1010 HLP OIA OA 980 1030 HLP OIA OA908 1100 MES SAS SK971 1130 CPH/BKK RBA BI325 1155 BWN SIA SQ201577 words
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Page 9 Advertisements
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Advertisement301 1977-03-22 9 i *#WW\A stocks THE TIMES ATLAS of CHINA TIMFS DISTRIBUTORS SON. BHD., MAIL ORDER DIVISION, TIMES HOUSE. RIVER VALLEY ROAD, SINGAPORE 9. Pltrn Mnd m« copy/copiot of THE TIMES ATLAS OF CHINA. I ortcloM Ch*qu«/Mon«y Order lor post fro*. NAME ADDRESS r $125/The Times Atlas of China is far more301 words
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Article, Illustration389 1977-03-22 10 MOBILE floodlight units with their own fold-down telescopic masts and diesel generators, on easily-towed two-wheeled trailers, are being supplied in quantity by international floodlighting specialists Simplon of London, England, to help night-and-day harbour construction work in many parts of the world. Three389 words
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1139 1977-03-22 10 THOMAS MULLANEY - By THOMAS MULLANEY NYT NOT VERY long ago, when gloom about the economy was thickest as the worst winter weather was spreading its Impact over Jobs and production, some hardy optimists were saying that the situation was notNYT - 1,139 words
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Article, Illustration886 1977-03-22 10 NOORJAHAN KARIM - By NOORJAHAN KARIM ONCE again the Government Is being assaulted by the furore over price Increases. The sanguine view held Just six months ago of a slow increase in prices has dissipated in the wake of the latest announcements of higher prices886 words
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1001 1977-03-22 10 PETER ARNETT - By PETER ARNETT AP I "IT'S BEEN like writing a ballet with the final scene in the tlrst act." Leonard Woodcock smiled as the impact of his remark sank in. The president of the giant United Auto Workers Union was talkingAP - 1,001 words
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Page 10 Advertisements
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Advertisement193 1977-03-22 10 Have you got your of tihe 1976/77 BUKUMERAH? The complete filing cabinet on the Singapore business scene ALPHABETICAL INDEX CLASSIFIED TRADE OFFICIALS AND PUBLIC BODIES INFORMATION m MX $7 DIRECTORY or SINGAPORE vrrtr, IN FRAS6S It's the 1976/77 "Red Book" the office/library reference book covering the business scene in Singapore.193 words
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410 1977-03-22 11 Reuter MOSCOW, Mon. Soviet Communist Party chief Leonid Brezhnev today accused the United States of interfering In his country's internal affairs and declared there could be no development of normal relations if it continued. He said Moscow wanted good-neighbourly ties with the US butReuter - 410 words
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Article402 1977-03-22 11 UPI HONGKONG, Mon. China's State Council yesterday called for "immediate" emergency measures to fight the nation's worst drought in more than a quarter-century. The most seriously threatened areas include more than four million hectares of winter wheat crops in the four largest wheat-pro-ducing provinces. The StateUPI - 402 words
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326 1977-03-22 11 Reuter MANILA, Mon. President Marcos said today the Philippines faced a serious problem In Its southern provinces but expressed belief It would be solved by his wife's visit to Libya. "Right now, we are confronted with a problem, serious in dimension, we believe weReuter - 326 words
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Article110 1977-03-22 11 OVERSEAS Union Finance filed a suit claiming $518,644.48 in the High Court yesterday against William Tan, alias Tan Ah Lek, and three others, allegedly due under an indenture of mortgage. Other suits filed include one for $601,250 by Otis Elevator against Li-Ta Co; one by Bonaire Pte for110 words
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Article255 1977-03-22 11 Reuter MANILA, Mon. The death toll In Saturday's severe earth tremor has risen to at least three and the Injured to 25 with the collapse of a quake-da-maged wall on the outskirts of Manila, police sources said today. The geophysical observatory said some 162 aftershocks, mostReuter - 255 words
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217 1977-03-22 11 NAVIRE Cargo Gear Southeast Asia has won an $8.5 million contract to supply hatch covers for the mini bulk carriers now being built by Singapore Slipway and Engineering. Navlre won this order despite the competitive local market and it Is reputed to be217 words
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Article112 1977-03-22 11 A NEW executive committee of the Singapore Shipping Association (SSA) will be elected between April 1 and June 30 to replace the Incumbent committee whose two-year term of office expires on March 31, says the latest issue of Seafreight, bulletin of the SSA. A new executive committee must112 words
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1013 1977-03-22 11 AFTER an alarming decline, there Is again a noticeable upswing in foreign investments in Taiwan. Foreign investments were expected to hit US$l5O million (***** million) last year a welcome respite from two successive years of reduced investment from overseas sources. From a high1,013 words
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Article, Illustration25 1977-03-22 11 Japanese Prime Minister Takeo Fukuda talking with Washington State Governor Dixy Lee Ray at a Seattle reception. UPI photo. Source: UPI photoSource: UPI photo - 25 words
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Article88 1977-03-22 11 UPI TOKYO, Mon. Japan's production of wrist watches totalled 33.972,000 units In 1976, up 12.6 per cent over 1975. The Japan Clock and Watch Association reported. The Association said the quartz oscillation type, developed In Japan several years ago. proved to be so popular Its share InUPI - 88 words
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210 1977-03-22 11 UPI BANGKOK, Mon. Former Foreign Minister Thanat Khoman today resigned from the appointed Parliament, the first open signs of a split among the Thai Hierarchy. Mr. Thanat, who negotiated the American buildup In Thailand during the 1960s on behalf of theUPI - 210 words
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158 1977-03-22 11 UPI BANGKOK, Mon. Laos has agreed to account for Americans missing In action In the Indochina war and has established a committee to search for information, Vientiane Radio said today. The official radio station said the promise to try to account for theUPI - 158 words
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Article78 1977-03-22 11 STRAITS Shipping, a subsidiary of the Straits Group, has announced the launching of Its first container ship in Japan tomorrow. The 5,634 dwt "Straits Enterprise" was constructed by Hashlhama Shipbuilding and Is scheduled to enter service In July this year, operating a feeder service between Singapore78 words
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368 1977-03-22 11 KUALA LUMPUR, Mon. Ten foreign-based Insurance companies have applied to restructure their operations to enable Malaysians to hold shares. Sources said today these applications were pending before the Foreign Investment Committee and the Director-General of Insurance. When approved, they will bring the368 words
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420 1977-03-22 11 KUALA LUMPUR, Mon. The Malayan Railway and the State Railway of Thailand will start a through freight service between Kuala Lumpur and Bangkok on April 4. The marketing director of the Malayan Railway, Mr. T. Antoine, said today that under the new service, wagons420 words
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Article81 1977-03-22 11 ABOUT 30 US manufacturers of printing and graphic arts equipment will be displaying their wares at a four-day exhibition to be held at the US Trade Centre from April 26. Among the exhibitors are some of the best known printing machine and graphic arts equipment makers In the81 words
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Page 11 Advertisements
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Advertisement635 1977-03-22 11 APPOINTMENTS Factory Manager International Food Group requires Factory Manager for their Singapore Factory. Experience:3 to 5 years working experience at a supervisory level preferably in a Food Factory with further experience in new product development, purchasing and familiarity with local food and labour regulations. Qualifications: Tertiary qualifications in Food Technology,635 words
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365 1977-03-22 12 Reuter LONDON, Mon. Prime Minister James Callaghan's Labour Government was battling for survival today as It desperately sought minority party support to defeat a no-confidence motion In the House of Commons. Conservative opposition leader Mrs. Margaret Thatcher seized her chance to tryReuter - 365 words
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Article150 1977-03-22 12 AP NICOSIA. Mon. The Government of Kuwait has notified Its contract customers that the price of Its crude oil will be Increased by five per cent as of July 1, the Middle East Economic Survey (MEES) reported today. MEES quoted the Kuwait dally Al-SeyassehAP - 150 words
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Article141 1977-03-22 12 AP NICOSIA. Mon. Seventeen leading international companies have sent representatives to Kuwait to discuss marketing Its projected output of 3.6 million tonnes a year of liquefied petroleum gas (LPG), the Middle East Economic Survey (MEES) reported today. The gas, propane and butane. Is due toAP - 141 words
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Article33 1977-03-22 12 Reuter LONDON, Mon. Most of Britain's ports were idled today by a one-day strike of dockers protesting against the threatened closure of the loss-making port of Preston In north-west England. Reuter.Reuter - 33 words
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Article763 1977-03-22 12 LONDON, Mon. The market showed further downward reaction to the censure motion against the Oovernment, dealers said Trading was light and at 3 p m. BST, the Financial Times Index was down 13.2 at 415.3. Oovernment bonds were above the day's lows with short dates up to 7/8763 words
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Article, Illustration565 1977-03-22 12 KUALA LUMPUR, Mon. The Yang Dlpertuan Agung yesterday reaffirmed the Malaysian Government's readiness to consider "constructive criticisms" to Improve the Investment climate. He said Investors must, however, realise that the Government was compelled to exercise control of economic growth to rectify565 words
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185 1977-03-22 12 MR. S. Dhanabalan, MP for Kallang, yesterday called on the Finance Minister to allow certain expenses Incurred by residents of condominiums to be deductible for tax purposes. Mr. Dhanabalan told the House that all common services in condominiums, such as lifts, swimming pool, maintenance185 words
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Article73 1977-03-22 12 AP KUALA LUMPUR, Mon. Drought Is threatening the rice crop of 50,000 farming families In the Muda lrrlB.tlon project area, about 0 km northwest of here, the chairman of the Muda Agricultural Authority, Syed Nahar, said today. He said the 93,078-hectare project area was suffering theAP - 73 words
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270 1977-03-22 12 SMALL coastal shipping companies based In Singapore are reluctant to undertake long-term Investment in the face of trading problems with Indonesia and impending legislation In Malaysia to reserve coastal shipping in her waters for Malaysianowned and registered vessels. The February/ March Issue of Seafrelght,270 words
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325 1977-03-22 12 Reuter MOSCOW, Mon. Soviet Communist Party leader Leonid Brezhnev today proposed a freeze on armed forces In Central Europe as a first step towards reaching agreement at the East-West talks In Vienna on troop reductions. ••Really, no one will lose from this, butReuter - 325 words
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618 1977-03-22 12 IN A strong response to Western allegations that seamen from the less developed countries are heavily exploited, Mr. Sla Kah Hul, Minister of State for Labour, said yesterday that their insistence on payment at unreallstlcally high rates "will simply price our618 words
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Article37 1977-03-22 12 UPI SEOUL, Mon. Officials of Japan and South Korea will re-convene In Tokyo on April 7-8 in an effort to set a quota for Korean silk products exported to Japan, Foreign Ministry officials said. UPI.UPI - 37 words
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250 1977-03-22 12 KUALA LUMPUR. Mon. The appeal by Datuk Harun Idria, the former Selangor Mentri Besar, against his conviction and sentence on corruption charges involving the Hongkong and Shanghai Bank began today before a threeman judge in the Federal Court of Appeal. Two weeks have250 words
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Article80 1977-03-22 12 Reuter RAUB, Mon. The chief of a village defence unit has been shot dead by an unidentified gunman, believed to be a communist agent, in a village near this district town in Pahang, police said here today. Police said the village defence chief, who wasReuter - 80 words
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Article516 1977-03-22 12 Reuter WASHINGTON, Mon. President Carter welcomes Japanese Prime Minister Takeo Fukuda to the White House today for talks on the economy and the US role In Asia after Indochina. Mr. Fukuda flew here last night and went Immediately to Blair House, the official residence forReuter - 516 words
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Article, Illustration293 1977-03-22 12 WITHIN the next three years. Vietnam will oe borrowing from the international financial markets, a top US banker, Mr. Richard L. Thomas, predicted here last night. Mr. Thomas, president of the First National Bank of Chicago, said Vietnam would be borrowing from banks in293 words
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Article100 1977-03-22 12 UPI DAS ES SALAAM, Mon. Cuban leader Fidel Castro today denied any Cuban role In the current fighting in Zaire, Radio Tanzania said. Reporting on a news conference given by Dr. Castro for the Tanzantan government press only, the radio quoted him as saying "Cuba is notUPI - 100 words
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Page 12 Advertisements
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Advertisement388 1977-03-22 12 Bu SINGAPORE me f, in this issue we feature: MANUFACTURING FINANCE Running out of luck and line: The fishery industry cannot hope Money: The stock-in-trade: Banks are changing their to grow until problems like lack of experience and expertise as marketing policies, and with them their musty images, in a388 words