The Business Times, 29 March 1977

Microfilm: NL9063
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, MARCH 29, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Jumbo pilot blamed
      96 1 SANTA CRUZ DE TENERIFE, Mon. A pilot who apparently mistook the runway for the taxlway In heavy fog was blamed for the world's worst aviation disaster In which 562 people most of them holiday makers were killed, the Spanish news agency CIFRA said today. The agency said
      96 words
    • Article
      Lock icon Buffer fund proposal
      102 1 AP GENEVA, Mon.— The world's developing nations today formalised their proposal for a multl-bllllon-dollar fund for financing buffer stocks to stabilise world trade in 10 major commodities, sources said. The fund would finance mainly the creation and management of stocks of coffee, cocoa, tea, sugar, tin, copper,
      AP  -  102 words
    • Article
      Lock icon $1.3mil Showa payout
      50 1 Reuter KUALA LUMPUR, Mon. Malaysia has received MS 1.3 million as compensation for damage from the oil spill of the Japanese tanker Showa Maru, which went aground In January 1975, Law Minister Tan Sri Abdul Kadlr Yusof said here today. Malaysia had initially asked for $23 million.
      Reuter  -  50 words
    • Article
      Lock icon Indian budget
      64 1 Reuter NEW DELHI, Mon. India's new Finance Minister today presented a budget prepared by the former Congress Party Ministry and said that It did not reflect the philosophy, policies or programmes of his Government. Mr. Hlralal Mujlbhal Patel, 72, told Parliament there had not been time since the
      Reuter  -  64 words
    • Article
      Lock icon Britons are 'losing out'
      76 1 Reuter LONDON, Mon. Britons were confronted today with evidence of falling living standards on the eve of the Labour government's annual budget, which is expected to Include significant cuts in Income tax. Official figures showed that in the last three months of 1976, prices outstripped earnings
      Reuter  -  76 words
    • Article
      Lock icon Bhutto's pledge
      64 1 Reuter ISLAMABAD, Mon. Prime Minister Zulflkar All Bhutto today promised to lift Pakistan's state of emergency If the disgruntled opposition halted a campaign of political agitation against his government. Mr Bhutto, 49, made the pledge In a 90-minute address to the new National Assembly after he was sworn
      Reuter  -  64 words
    • Article
      Lock icon Dow Jones
      42 1 UPI NEW YORK, Mon Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 lndust 925.70, off 3.16; 20 transp 226.09, off 0.20; 15 utlls 105.29, up 0.07; 65 stocks 305.16, off 0.64. UPI.
      UPI  -  42 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      162 1 LACKLUSTRE trading continued at the Stock Exchange of Singapore yesterday, with most shares moving on an easier bias. Option trading remained very dull. The Business Times index shed 0.48 point to 253.19 while the Straits Times Industrial average eased 0.20 point to 248.18. Rises Most active Aver
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    • Article
      In Kuala Lumpur
      118 1 Falls Most active Guinness $4.12 -.04 Central Sugars Slme Darby 243,000 58 000 Sel. Dredging $4.76 04 Haw Par SO IW) Text. Corp. CandC Inchcape Rothmans Slme Darby Tractors $0.67 $1 89 $2 31 $3 08 $3 22 $3 24 -.03 02 -.02 -.02 02 02 Pan
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  • Article
    ACCI raps Japan's tariff policies
    760 1  -  'IMPORT MORE ASEAN GOODS' By QUEK PECK LIM BANGKOK. Mon. Japan was today urged to liberalise its tariff and nontariff restrictions If It wished to maintain the friendship and cooperation of the Asean nations. In a hard hitting speech on the trade Imbalance between Asean
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  • Article
    Composite issue of govt stocks
    284 1 THE Government will offer a composite Issue of government registered stocks for public subscription on April 21, the Monetary Authority of Singapore announced yesterday. The issue will comprise two-year taxable stocks, six-year tax free stocks, 10year taxable stocks and 20year tax free stocks with Interest
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  • Article
    Lock icon Dollar keeps falling
    128 1 AP TOKYO, Mon. The US dollar continued Its slide against the Japanese yen today and was expected to drop further this week as businesses sell large amounts of dollars they have earned from exports. It closed today at 277.675, down from 278.775 last Friday. Traders said it
    AP  -  128 words
  • Article
    More facilities for container terminal
    368 1 BY THE 1980s, the Port of Singapore Authority (PSA) will have specialised container terminal facilities for various products like iron and steel, food (meat, vegetables and fruits), and timber and wood products. This is in line with the overall gearing of towards providing more container
    368 words
  • Article
    Of manufacturing and economic policy
    359 1 INVESTMENT credits and removal of the payroll tax may be more effective In stimulating employment growth and technological change in the manufacturing sector while tax Incentives may be more appropriate for the trade sector, according to Dr. Pang Eng Fong, head of the Economic Research
    359 words
  • Article
    Diversify products call
    330 1 SINGAPORE'S range of manufactured products is limited and its markets are concentrated in a few countries. Any sudden upheaval in these markets may have serious repercussions on local Industries. This point was made by Mr. Tan Song Chuan. the deputy director of the Department of Trade, at
    330 words
  • Article
    Lock icon PARIS CABINET SHAKE-UP?
    232 1 Reuter PARIS. Mon. Major changes in the French Government appeared Imminent today as President Valery Olscard d'Estalng battled to regain the political initiative after an election setback. The President cancelled virtually all official engagements today and scheduled a television address for tonight (1900 GMT), raising speculation that
    Reuter  -  232 words
  • Article
    S'pore to lead machinery talks at Brussels
    296 1  -  By QUEK PECK LIM BANGKOK. Mon. Singapore has been allocated the leadership in discussion on the subject of machinery and metal engineering and precision engineering industries when the joint Asean team meets the European Economic Community in Brussels next week. This was revealed
    296 words
  • Article
    90 apply for new KLSE licences
    252 1 KUALA LUMPUR. Mon. It Is believed that 90 out of the total of 96 members of the Kuala Lumpur Stock Exchange have filed their applications for licences to the Registrar of Companies as required under the Securities Industry Act. The period for application for
    252 words
  • Article
    Kadir to visit Russia for Straits talks
    342 1 KUALA LUMPUR. Mon. Law Minister Tan Sri Abdul Kadir Yusof will visit the USSR next month for discussions on the tripartite traffic separation scheme aimed at greater navigational safety and prevention of pollution in the Straits of Malacca. He said today the weeklong
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      39 1 -$|`-(=:+@)-/"";}-*`/?-'%$<.&,= SEE PAGE 12 See Page 12 INSIDE Overseas news/TV A Radio P2 Local Co news P4 International Co newi P 5 Local stocks P6 Overseas stocks P7 Commodities P8 Transport Communications P9 Features PlO Local Overseas news Pl 2
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    • Advertisement
      Page 1 Advertisements Column 2
      165 1 The Inside Story: Stand in a corner of a Hong Leong apartment and you'll see why you should plan to live in one the extra-large rooms and the generous windows that make it seem even larger. With sweeping views of the sea or of the city heart. Check the master
      165 words
    • Advertisement
      Page 1 Advertisements Column 3
      108 1 U-Bix COMPLETE COPYING SYSTEM APS ELECTRONICS (PRIVATE) LIMITED S*ng«pof* T« *****2 <5 APS ELECTRONICS (M) SDN BHD *UALALJMPU« T* 25i«C s r N J* t VA jCm 0 i i« JJI n CXPORT GOOD FOR YOUR DUSIN€SS, GOOD FOR SINGAPORE. The Chartered Bank takes the complications out of export and
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  • OVERSEAS
    • Article
      Lock icon 'Japan needs drastic steps to stimulate economy soon'
      447 2 UPI TOKYO, Mon. Belief Is growing among leaders of Japan's ruling LiberalDemocratic Party (LDP) that drastic steps must be taken to stimulate the country's economy later this year, the economic newspaper Nlhon Kelzal said today. The newspaper said sentiment among LDP leaders
      UPI  -  447 words
    • Article, Illustration
      Lock icon Bishop demands poll to pick successor
      371 2 UPI SALISBURY. Mon. Bishop Abel Muzorewa Is demanding that a referendum be staged to elect a black successor to lan Smith but the Rhodeslan Prime Minister calls the idea "a non-starter." The two men outlined their views on the muchdebated referendum Idea during a
      UPI  -  371 words
    • Article
      Lock icon Blacks likely to seek more Soviet arms
      475 2 Reuter LUSAKA, Mon. Black nationalists from Rhodesia and Namibia (south west Africa) were expected to press for Increased arms supplies from Moscow in a meeting with Soviet President Nikolai Podgorny here today. The Soviet leader is scheduled to have talks with Mr. Joshua
      Reuter  -  475 words
    • Article
      Lock icon Rail men kick off the 'spring struggle'
      220 2 UPI TOKYO Mon. Employees of Japan National Railways (JNR) staged a three hour strike from 5 a.m. to 8 a.m. today, and an estimated 2.3 million persons who commute to work in the big cities of Tokyo and Osaka got to their jobs
      UPI  -  220 words
    • Article
      Lock icon BACKLOG SAGS AT JAPANESE YARDS
      127 2 UPI TOKYO, Mon. Tne backlog of export ship orders at Japanese yards has sagged by nearly 10 million gross tons in the last 11 months, the Japan Ship Exporters Association (JSEA) reported today. A spokesman said the order backlog at the end of February totalled
      UPI  -  127 words
    • Article, Illustration
      Lock icon Major steps by France to boost investment
      668 2 UPI Reuter LYONS. Mon. Prime Minister Raymond Barre last night announced major government steps to stimulate French Industrial Investment. But he rules out a policy of overall reflation which, he said, could only give another twist to the Inflationary spiral. Opening the Lyons
      UPI; Reuter  -  668 words
    • Article
      Lock icon 'Poor countries are borrowing less'
      496 2 NYT NEW YORK, Mon. Lendlngs by commercial banks to developing nations that do not produce oil has slowed dramatically, the Morgan Guaranty Trust Co. estimates In the current Issue of Its World Financial Markets. According to Morgan Guaranty, Eurocurrency loans by banks to these heavily
      NYT  -  496 words
    • Article
      Lock icon Gas reserves
      123 2 Reuter PARIS. Mon. Proven gas reserves In the Yakutsk gas fields In Siberia have now .reached 700 billion cubic metres, the chairman of the Occidental Petroleum Group. Dr Armand Hammer said yesterday. He told Reuter this was reported by Soviet officials last week at the twiceyearly meeting they
      Reuter  -  123 words
    • Article
      Lock icon BONN EXPORTS: NEED TO BE ONE STEP AHEAD
      711 2 NYT BONN. With the nard West German mark making "made In Germany" a synonym for "expensive," a fundamental change has begun. Like the American multinationals of the 1950s and *****, the West German Industrial giants are moving many of their manufacturing operations
      NYT  -  711 words
    • Article
      Lock icon New bank members
      93 2 Reuter MECCA, Mon. Lebanon. South Yemen and the Palestine Liberation Organisation (PLO) were today admitted as new members of the Islamic Development Bank. Announcing the decision by the bank's board of governors, the conferences chairman. Sheikh Moham- med All Abal-Kahll also said the bank governors made suggestions
      Reuter  -  93 words
    • Article
      Lock icon North Sea, African crude price link
      352 2 UPI NEW YORK. Mon. Some British and Norwegian North Sea oil producers are linking the price of their crude directly to the price demanded by African members of the Organisation of Petroleum Exporting Countries, according to the Petroleum Intelligence Weekly. "Buyers of North Sea
      UPI  -  352 words
    • Article
      Lock icon Production of water uranium appears promising
      207 2 AP TOKYO. Mon. The Ministry of International Trade and Industry (MITI) said today Japanese scientists have extracted uranium from the sea by a method that appears promising for commercial production. Mr. Shuichiro Wakabayashi, deputy director of MITI's nuclear industry division, said the process was
      AP  -  207 words
    • Article
      Lock icon Job outlook optimistic in coming months
      423 2 NYT NEW YORK. Mon. The outlook for Jobs may brighten in the next few months, according to a survey of 5.000 business executives throughout the country. The survey, prepared quarterly by Manpower. A large employment service, showed that hiring Intentions for the second quarter
      NYT  -  423 words
    • Article
      Lock icon ORDERS FOR MACHINE TOOLS HIT A RECORD
      523 2 NYT NEW YORK. Mon. New orders for machine tools In the first two months of 1977 totalled U*****.45 million (557.236 million y up 55.9 per cent over the same period last year, the National Machine Tool Builders Association reported over the weekend. However,
      NYT  -  523 words
    • Article
      Lock icon Britain blocks fishing plan
      204 2 Reuter BRUSSELS. Mon. Talks on an interim Common Market fishing agreement for Irish waters broke down here last night as Britain blocked an EEC scheme for catch quotas and conservation of fishing stocks. Irish Minister for Fisheries Patrick Donegan will now report back to the Irish
      Reuter  -  204 words
    • Article
      Lock icon Money supply rises
      101 2 Reuter HONGKONG, Mon. Hongkong's narrowly defined M-l money supply rose 7.5 per cent In February compared with January to HK$l6 11 billion (58.5 billion) following a 6.5 per cent decline In January. Banking Commission figures show. The more broadlydefined M 2 aggregate rose 3.3 per cent to
      Reuter  -  101 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      274 2 RADIO TV SINGAPORE 5 3.00 P.M. Opening Announcements followed by Keystone Comedy Capers Those College Girls 3.25 Diary of Events (English) 3.30 Magazine Zero One (r) 3.45 General Hospital 4.25 Intermission 6.05 P.M. Opening Announcements followed by The Swiss Family Robinson The Secret Of Shark Island 0 6.30 News in
      274 words
    • Miscellaneous
      Page 2 Miscellaneous Column 2
      81 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on March 28 at Singapore airport. Maximum Temperature 32.5° C Associated Humidity 62 Minimum Temperature 23.7° C Associated Humidity 98 Hours of Sunshine 10.65 Rainfall in Millimetres Nil Total Rainfall for the Month 25.9 Total Rainy Days for the
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      245 3 r -».1' A golfer's unique experience... •»V ■M r I. M >r &V f* ■tt* m, v *> *r< UtertJ •V 'A t" *•*s£ ■fTEIEfH i« «i v T f I r"H I idfj *T~ J •-*-1 ;3A ITT? 1 > ♦•J* m *£9 ~s > L -v *aa ZLuU
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  • COMPANY NEWS
    • Article
      MBS optimistic of growth
      823 4 ALTHOUGH a reduction In lending rates would affect its earnings somewhat, Malaysia Building Society Is optimistic of maintaining a satisfactory level of profit growth this year. The company's lending rate for new loans from Jan 1 has been pegged at 10 per cent per annum while
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    • Article
      Latest results
      113 4 TEMENGGONG LTD Consolidated pre-tax profit $1.73 million ($1.65 million) for the year ended Dec 31. 1976. Depreciation $633,000 l<$610,000). Taxation $759,000 ($820,000), leaving after-tax profit $968,000 ($833,000). Minority interests $9,000 ($63,000) making attributable profit $977,000 ($896,000). Final dividend four cents j(same). payable May 31, making total dividend eight
      113 words
    • Article
      Saint Piran reveals growth plans
      222 4 THE first details of the expansion programme planned by the Malaysian and Cornish tin producer. Saint Plran, have been revealed. The group has now received planning permission to drill at Its old wolfram mine at Castle an Dlnas In Cornwall. When Saint Plran last month
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    • Article
      PEOPLE IN BUSINESS
      100 4 MR. John S. D. Djohan, general manager of the Cockpit Hotel has an- nounced the appointment of Mr. Andre Roili as food and beverage manager and Mr. Chandra Rosmali as Chef. Mr. Rolli will be responsible for the overall operation of his department j which includes three
      100 words
    • Article
      Bumper year at Plantation Holdings
      364 4 PLANTATION Holdings, the British plantations and scientific Instruments company In which Pahang Consolidated has a 27.3 per cent stake, had a bumper year In 1976 with profit rising 55.8 per cent to £3.52 million. Although the company has diversified widely In the UK in recent
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    • Article
      Inchcape acquires Decorative Carpets
      141 4 INCHCAPE Berhad has agreed to acquire the remaining 120,000 shares of $1 each, or 60 per cent, of Decorative Carpets from Hongkong Oriental Rug at par for cash. The company says that with this acquisition, Decorative Carpets will become a wholly owned subsidiary of the Inchcape
      141 words
    • Article
      SES acts
      39 4 THE Stock Exchange of Singapore yesterday removed East Asiatic Rubber Estates (EARE) from the official list. This followed the acquisition of EARE shares by East Asiatic Co Ltd (EAC) under a scheme of arrangement, the exchange said.
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    • Article
      Rubber output
      91 4 RUBBER OUTPUT FOR FEBRUARY 1977 kg Austral Enterprises 28,030 Ayer Molek Rubber 54,776 Benta Plantations 156,000 Bukit Katll Rubber 28,576 Castlefleld 185,068 Consolidated Plantation 1,663,000 Dunlop Estates 1,468,234 Glengowrle 45,813 Golden Hope 1,002,631 Guthrie Ropel 421,000 Holyrood 78,926 Hongkong (Selangor) 27,669 Inch Kenneth Kajang 91,168 Kempas (M) 347,000
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    • Article
      Oil palm
      83 4 OIL PALM OUTPUT FEBRUARY 1977 FFB Oil Kernel Ton» Tons Tons Austral Enterprise 402.00 90.00 Ayer Molek Rubber 90 00 Benta Plantations 5.308.00 1.062 00 212.00 Buklt Kail Rubber 364.58 Castlefleld 149.30 29.86 Consolidated Plantations 35,788.00 7.158.00 1,432.00 Dunlop Estates 2.514.00 569.00 Golden Hope 3,363.06 745.63 Guthrie Ropel
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    • Article
      Copra and Cocoa
      21 4 COPRA AND COCOA FEBRUARY 1977 Copra Cocoa Tons Tons Dunlop Estates 199.00 Golden Hope 387.56 423.66 Patallng 5.23
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    • Article
      DIVIDENDS ANNOUNCED
      637 4 Current Ei Date Total for Total for payment Date payable the year previous year A. Amalgamated 30%I Mar 14 Mar 31 30%I 50% Ayer Mo Irk UK Mar 9 Mar 31 15% 10% S.P. Textile 10%b Feb 10 Mar 31 10%b 6.7%a Rahman Hyd. 10%I Mar 3 Apr
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    • COMPANY MEETINGS
    • Article
      Bedford recovers
      150 4 AFTER a setback of some 43 per cent in 1975. Bedford Plantations was able to recover some ground in the year ended Dec 31. 1976 Pre-tax profit of the company rose some six per cent to M 5253.097. After taxation. this comes to $147,651 against 5134.051 last time.
      150 words
    • Article
      Lock icon Healthy forecast for UK firms
      1538 4  -  CONSIDERABLE IMPROVEMENT By PETER RIDDELL FT THE financial position or UK-industrlal and commercial companies has Improved considerably during the past couple of years and is expected by most forecasters to remain healthy throughout 1977. But one of the main reasons for this Is that the
      FT  -  1,538 words
    • Article
      Sharp profit rise at General Accident
      200 4 LONDON, Mon. A Jump of 153 per cent in pre-tax profit to £42.6 million is announced by General Accident Fire and Life Assurance Corporation for 1976. At half-way the Increase was from £6.5 million to £13.6 million. For the year investment income increased by
      200 words
    • Article
      NBH
      40 4 LONDON, Mon. North Broken Hill Holdings has reduced Its Interim lnvldend to three Australian cents from 3.5 cents for the current year ending June 30 1977. The dividend is payable on June 3 to shareholders registered on May 18
      40 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      408 4 Bu SINGAPORE me SINGAPORE Business MC, p. 162 177 VOL INO 3 MARCH 1977 PRICE $3 00 9 »mm a COVER Computers INOEX Two year cu«nu'at»¥« MANUFACTURING Fishery 'OduStry TRADE French .nduStna* *a»r COMMUNICATIONS Japanese s^'PP^g industry tourism Economy motets FINANCE Banks mirtiliUPOi'CiW INVESTMENT Japanese overseas investrnent life at the
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Eastman Kodak decline shocks shareholders
      887 5  -  FOREIGN COMPETITION By ROBERT METZ NYT EASTMAN Kodak, whose high technology and superior management have seemed to render the company's shares impervious to recession and bear market alike, has entered an era of comparative challenges that has shaken individual and professional Investors. The shares, which
      NYT  -  887 words
    • Article
      Lock icon Matsushita Electric makes a change
      586 5  -  By Douglas Ramsey FT MR TOSHIHIKO Yamashlta talks with none of the assuredness of conviction of his predecesor as president of Matsushita Electric Industrial. Japan's largest maker of consumer electric and electronic products with consolidated sales last year of more than USS6 billion. Asked whether
      FT  -  586 words
    • Article
      Lock icon Westminster plans note offer
      120 5 Reuter LONDON. Mon. International Westminster Bank Is planning to offer US$75 million of floating rate capital notes due 1984, Its parent company National Westminster Bank, which will guarantee the Issue, announced. Final terms will be fixed on April 5. but at present a minimum coupon of
      Reuter  -  120 words
    • Article
      Aust Cons Minerals
      52 5 PERTH, Mon. Australian Consolidated Minerals has suffered a group operating loss of A 537.000 In the first half-year ended Dec 31. 1976. This compares with a profit of $32,000 In the previous corresponding period. The loss was sustained an a plunge in revenue to $68,000 from $151,000
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    • Article
      Lock icon Monsanto names adverse factors
      101 5 Reuter NEW YORK. Mon. Monsanto says there are several factors, including excess Industry capacity for polystyrene plastics and a supply-demand imbalance In the man-made fibre industry. which will adversely Impact 1977 results. The company says while it believes 1977 will be another strong year, future results,
      Reuter  -  101 words
    • Article
      Lock icon Voest
      36 5 Reuter ZURICH, Mon. Verelnlgte Oesterrelchlsche Eslen-und Stah-iwerke-Alpln Montan win float an 80 million franc, 15 year loan at s'/» per cent on the Swiss market from April 5 to 13, secondary market sources said. Reuter
      Reuter  -  36 words
    • Article
      Arthur Bell and Sons enjoys record results
      620 5 LONDON. Thurs. The expected second half Improvement in pre-tax profit at Arthur Bell and Sons turns out to be from £2.75 million to £5.25 million and the 1976 year-end total Is a record £7.53 million compared with £4.18 million on much higher turnover
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    • Article
      Lock icon Current cost accounting receives poor response
      1215 5  -  By Barry Riley FT IN MANY ways the present UK combination of historical cost accounting and valuable tax concessions in areas like stocks and investment in new fixed assets is very attractive to industry. Because of inflation, profit appears to be very high, boosted
      FT  -  1,215 words
    • Article
      Group profit at MoDo drops
      275 5 STOCKHOLM. Mon. The expectation of an upswing in the business cycle during the past four months of 1976 were not realised, according to the preliminary report by MoDo. the Swedish pulp and paper group, In its preliminary report for 1976. However, they are proposing to
      275 words
    • Article
      Metals Ex setback
      134 5 MELBOURNE, Mon. Metals Exploration has Incurred a huge consolidated operating loss of A 57.04 million In the first six months ended Dec 31, 1976, against a profit of $86,000 last time. This was despite a big Jump in revenue to $23.9 million from $1.51 million previously. The
      134 words
    • Article
      T & N chairman optimistic
      374 5 T N chairman optimistic LONDON, Mon. Provided there are no major interruptions In operations during the year or a further decline in the world economy. Mr. Patrick Griffith, the chairman of Turner and Newall, foresees a volume growth In most of the group's businesses and he would expect a consequent
      374 words
    • Article
      Lock icon Mining firms study plan
      280 5 Reuter LONDON, Mon. Leading European mining companies have agreed to study the pattern of mining Investment over the past ten years following a meeting in Brussels this week between the EEC Commission, national governments and the companies, informed sources said. The mining companies have previously made
      Reuter  -  280 words
    • Article
      Lock icon Peugeot, Renault to take Poclain stake
      730 5 FT PARIS, Mon. The French Government is insisting on modifications in the agreement between the hydraulic excavator manufacturer Poclain and the American public works equipment builder J. I. Case under which the latter will take a 40 per cent stake In the French concern.
      FT  -  730 words
    • Article
      Lock icon BNOC spends £400 mil
      94 5 Reuter GLASGOW, Mon. British National Oil Corporation chairman Lord Kearton said the corporation spent some i'4oo million in 1976. its first full year. BNOC spent about t'27o million acquiring assets and the rest was spent on development, he told a press conference. Of the 20 rigs
      Reuter  -  94 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      242 5 Middle East, Rome New York > i to J i *4** jm; v> Mj .^IW Departing every Tuesday &Thursday Other PI A Destinations: Abu Dhabi Athens Amsterdam Bangkok Bahrain Bombay Colombo Copenhagen Chitral Dubai Doha Dacca Delhi D. I. Khan Frankfurt Gilgit Gwador Hyderabad Istanbul Jiwani Kuala Lumpur Karachi Kuwait
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  • Article
    Share Information Service
    2133 6 1976/77 High Low Company Last Sale OTGr'a div Div c'vr Gr'a yld Net 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* 149 172 374 Acma Acma A Alcom Allied
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  • Article
    Transactions in Singapore
    1124 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 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word Sett Big Board
    1,124 words
  • Article
    In Kuala Lumpur
    1223 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Acma (1.428 1.495) A. Tape (0 468 0 50S). Alcorn (1.955).
    1,223 words
  • Article
    Stock options
    148 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. Cold Storage (June $2.70) (0 12B) D.B.S (June $3 90) (o nom (June $3 60)
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  • Article
    Unit trusts
    175 6 SINGAPORE I'NIT TRl'ST INCOME BOND I'NIT (Manager* price* for Mar 291 (Currenl prices! The Commerce 1 74 1 84 INCOME BOND 1 10 1 16 The Saving Fund 0 86 0 91xd S pore Prog Fund 0 76 0 81 MARA Bl MIPl'TRA FI ND S'pore Security 1
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  • Article
    Corporate bonds
    164 6 BOTH 1/2% 1981 (100.000) (1038 103 j 4S> D B S 8 1/2% 19X2 (100.000) (100'.iB 101S) DBS Converts 6 l/2 t 7< 1991 (100.000) (97'48 98S) EI 89% 19X2 (100.000) (103' iB 104' 2 5) E I B 8 1/4% 19*3 (100,000) (100'«B 100 S «S) I
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  • Article
    Domestic govt bonds
    87 6 5* T F 1/3/78 '1.000.000 >< 1 >102.80 b 1/2% 15/4/78 (1.000.000) (101.638 101 665) 7% 1/7/79 (1.000.000)(104 808 104 955) 5 1/47 15/ I 0/79 (1.000.000 M 1)101.18 6 3/47 15/6/80 (1.000.000) <103 10B) 6 3/ 47< 1/12/80 1.000.000) (103.10B) 57, T F 15/4/81 (1.000.000) (101.508
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      410 6 THE GREAT BOOKS of the durable bindings Is the I^^^ the fundamental Jdeas of H ■■Ml MMBMh W history, psychology, ■hi Here in beautiful, durable bindings Is the whole record of the fundamental Ideas of mankind science, history, psychology, mathematics, theology, literature and poetry. This magnificent library provides the whole
      410 words
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  • Article
    Prices move narrowly
    463 7 WITH the absence of strong investment buying support, shares continued to move within narrow limits with an easier bias at the Stock Exchange of Singapore yesterday. Covering activity on a two-day basis accounted for the bulk of the turnover. On balance, losses outnumbered gains although the extent
    463 words
  • Article
    Shares in KL drift lower
    389 7 PRICES continued to drift lower at the Kuala Lumpur Stock Exchange yesterday as traders and investors remained passive. Shares merely moved sideways for the better part of the day. A few counters, however, managed to attract light interest to close moderately higher, but on balance
    389 words
  • Article
    Lock icon Swire Pacific
    204 7 Reuter HONGKONG. Mon. Swire Pacific said its subsidiaries Swire Properties and Swire Cheung Development are discussing terms for Swire Cheung to become a wholly-owned subsidiary of Swire Properties. It said it is intended to seek a stock exchange listing for Swire Properties within the next three months, and
    Reuter  -  204 words
  • Article
    Credit markets apprehensive
    758 7 NEW YORK. Mon. The tighter federal funds < market last week raised apprehensions In the credit i markets that the days of the Federal Reserve I Board's highly accomo- i dative monetary posture are i over. Money market analysts i noted the Fed's slight reluctance to supply
    758 words
  • Article
    Cornhill Insurance enjoys 67 pc jump
    221 7 LONDON, Mon. Pre-tax profit of Cornhill Insurance, a member of the Thomas Tiling Group Jumped by 67 per cent in 1976 to a record £5.94 million. Underwriting returned to overall profitability during the year of £0.2 million compared with a loss of £0.4 million
    221 words
  • OVERSEAS MARKETS
    • Article
      Tokyo
      422 7 TOKYO: Share prices eased moderately, with 577 stocks going exdlvldend and 92 exrlghts, but the market undertone was fairly strong, dealers said on Monday The Dow J'-aes average lost 6.76 to close at 4,978.25. with volume 140 million shares The New index closed at 373.32 down 2 04 Export-oriented
      422 words
    • Article
      Sydney
      385 7 SYDNEY: Energy stocks were resistant to slightly higher in an otherwise weaker market, on continued profit taking after last week's rise, dealers said on Monday. The Sydney All-Ordinaries index dropped 3.17 point to close at 442 98 Among Industrials. BHP lost 18 cents to $6 66. the Wales 10
      385 words
    • Article
      Hongkong
      411 7 HONGKONG: The market closed slightly lower in dull trading and low turnover, dealers said on Monday. The Hang Seng Index was down 1 20 points to 418 86 Swire Pacific and Hongkong Bank closed unchanged at $8 75 and $17 50 respectively, while Hongkong Land and Hutchiaon fell five
      411 words
    • Article
      Manila
      132 7 MANILA: Prices again declined across the board with further selling pressure on the very tight domestic money situation, dealers said on Monday Turnover fell to 3.22 million pesos from last Friday's 4.43 million pesos MAK 2M Pesos Acoje Mining 018 unch Atlas Con A 34 50 -0 75 Atlas
      132 words
    • Article
      Bangkok
      97 7 MAR 2X Bahts Asia Fibre 135 unch Bangkok Bank 255 ♦2 Bangkok Invest 175 unch Bangkok-Metro-polltan Bank Bata 419 ♦8 Berll Jucker 200 unch Charoong Thai Wire U7S Dumex Duslt Thanl Faber Merlin First Tru« Indo-Thal 180S -5 Industrial Finance Corp 1105 J And J Ho 222 I Jalaprathan
      97 words
  • Article
    Lock icon Fall in rights issues on London Stock Exchange
    1010 7  -  By JEFFREY BROWN FT STOCK market finance for companies has centred almost entirely on rights Issues for the second year running. But even here activity has been relatively low since the middle of 1976 when ICl's 1200 million issue in May marked
    FT  -  1,010 words
  • Article
    Lock icon Role of LCs declining
    504 7 FT LONDON, Mon. Interest in documentary letters of credit (LCs) aroused by the much-publicised dispute between a consortium of London banks and Austria's Credlt-anstalt Bankverein, ironically comes at a time when the role of LCs In world trade Is declining. Although no one claims the end
    FT  -  504 words
  • Article
    Lock icon Options in Amsterdam
    659 7  -  By MICHAEL VAN OS FT THE long-planned European Options Exchange 1 (EOE) could be launched in Amsterdam in the first j quarter of next year, acI cording to stock exchange officials engaged in the preparatory work. The EOE will be a market in options in the leading
    FT  -  659 words
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      Page 7 Advertisements Column 1
      428 7 ...THE SYNTOFKON proper volume. Your eyes are directed to the right chapter, page, and paragraph. Your mind is then enriched by the very words the author had to say about the idea. The Syntopicon now makes it possible for anyone to "ask" great thinkers such as Plato, Aristotle, Tolstoy, and
      428 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Local and foreign rubber markets
      712 8 THE Singapore rubber Market yesterday opened fractionally lower after which trading was Inactive until around mid-day when prices eased 0.75 cents on some liquidation of nearby position and freer offering of forwards, dealers said. Turnover was small. The morning session closed quiet with April RSS
      712 words
    • Article
      Closing prices
      30 8 Rubber: Mar 28 Singapore: April 200.25 eta (down 1.75 eta) Malaysia: April 202.75 eta (down 1.76 eta) Tin: 11,442 (down I10.12V4) Official offering: 241 tonnes (up 49 tonnea)
      30 words
    • Article
      SSR and SMR
      119 8 R.A.9. April May (Currant Mlh) (For ward Mlhl Buyer* Seller* Buyer* Seller* (cent* per kg) (rent* per kg) SSR20 (1 ton Pallet) 193 50 195 50N 195 00 197 00N SSR50 (1 ton Pallet) 191 00 193 00N 192 50 194 50N M.R.E.L.B. 8MR5CV (1 ton Pallet)
      119 words
    • Article
      Straits tin
      138 8 THE Straits tin price in Penang yesterday fell $10.12 ft per plcul to $1,442.00 on an official offering up 49 tonnes to 241 tonnes. In LONDON yesterday, tin lost £82 for Cash and £90 for Three Months In both conDealers said the market was unsettled at the outset
      138 words
    • Article
      Gold
      284 8 In the Singapore gold market yesterday the kilobar was traded in the range of 5512,060 to 5512.110 The loco London gold open at US $150.80/ 151.30 and was strongly bidded up to U*****.00/ 152.50 on renewed buying Interest and short-covering before easing slightly at the close to US$l5l TV
      284 words
    • Article
      Produce prices
      123 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. $75 buyers. Pepper Mvntok ASTA white fob. 100% NLW $415 sellers. Sarawak white r ob 90% NLW $365 sellers. Sarawak special
      123 words
    • Article
      Rice
      222 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 272 100 per cent 3rd 267 5 per cent 257 10 per cent 238 15 per cent 235 20 per cent 232
      222 words
    • Article
      Copper
      130 8 LONDON, Mon. Copper wlrebars declined £11 for Cash and £10.50 for Three Months In the morning. Dealers said the early premarket saw further stale bull liquidation and some stoploss selling which was sparked off by Friday's performance at New York and the decline In gold this morning. Three Months
      130 words
    • Article
      Silver
      70 8 LONDON, Mon. Sliver lost 4.3 to 5.0 pence per troy ounce In the morning. It followed the same pattern as base metals, prices declining on the pre-market in sympathy with US futures and gold. However, short-covering around the lower levels gave some support and after trading down to 288.5
      70 words
    • Article
      Lead
      93 8 LONDON, Mon. Lead fell £19 per tonne for Cash and £19.50 for Three Months In the morning. Dealers said the market came under pressure from fairly heavy long liquidation which touched off stoploss orders and some chartists selling interest. Short-covering caused Irregular movements at times and prices eventually finished
      93 words
    • Article
      Zinc
      98 8 LONDON, Mon. Zinc was £7.75 down for Cash and £6.75 down for Three Months In the morning. This metal was also subjected to general selling and long liquidation in line with the overall decline in base metals, but dealers noted the fall attracted trade support at the lower levels
      98 words
    • Article
      Coffee
      220 8 LONDON, Mon. Robusta futures closed the opening call steady, after meeting moderate buying interest from commission houses, local dealers and trade houses. Gains at end-call were £75 to £45 per tonne up on Friday. May rose £65 at £4,140 buyer, having traded at a high of £4,150 after opening
      220 words
    • Article
      Sugar
      78 8 LONDON, Mon. Terminal sugar was £0.30 up from Friday (Mch at £142.75 bid) to unchanged at the close of the first call. Dealers said the market lacked incentive in absence of any fresh feature. Both the London dally raws and whites prices were £1 per tonne lower at £130
      78 words
    • Article
      Lock icon Storage crisis looms with US bumper crop
      973 8 NYT NEW YORK, Mon. The good news from the winter wheat belt, which produces 75 per cent of America's bread grain, Is that, drought or not, enough green shoots are appearing from Ohio to Washington state to give the US Its biggest wheat
      NYT  -  973 words
    • Article
      Lock icon Tung oil supply faces shortage
      360 8 Reuter LONDON, Mon. Trade sources expect tung oil availability in world markets to remain extremely tight over the next six months unless China increases its export offerings at the Canton spring fair in mid April. Supply pipelines from producer countries have virtually run dry, market
      Reuter  -  360 words
    • MONEY AND EXCHANGES
      • Article
        Australia/NZ
        53 8 AUSTRALIA/ NZ exchanges quoted on March 28 Australia: Sterling 0.6454/ 0.6384 US dollars 1.1047/ 1 0999 Ninety-day air mall buying rates: Sterling 0.6679 US dollars 1.1297 Ninety-day forward buying rates: Sterling 0.6485 US dollars 1.0942 New Zealand: Sterling 0.5588/ 0.5557 US dollars 0.9645/ 0.9545 Ninety-day forward rates: Sterling 0.5856
        53 words
      • Article
        Frankfurt
        28 8 FRANKFURT exchanges opening quotes on March 28 US 2.3905/15 (2.3913/18) Can 2.2735/55 UK 4.105/120 Neth 95.70/85 Swltz 93.80/95 Italy 2.690/705 France 48.00/15 Norw 45.55/63 Belg com 6.520/535
        28 words
      • Article
        Eurobond prices
        308 8 LONDON Eurobond prices on March Straight* Bid Offer Austria 8». 90 ;oo 101 Bell Canada 8 l 86 104S 105 BFCE 8>« 83 102 102 V. Brazil 9'<84 97 '4 97 V. Can Pacific 9v. 83 102N 103*4 Credit National 8 1 186 99V. ECSC9 83 Not available
        308 words
      • Article
        KL Treasury bill rate
        49 8 KUALA LUMPUR, Mon. The average discount rate on 91-day Malaysian treasury bills rose to 3.121 per cent at tne latest tenaer from 3.112 per cent last week. Bank Negara said. It said applications totalled MSB 2 million for the $40 million of bills on offer.
        49 words
      • Article
        Singapore
        617 8 SINGAPORE'S money market was dull yesterday with dealers describing activity as thin and almost passive. The market for domestic funds was quiet, with overnight funds opening at the 1 3/4 per cent level and traded In bulk at the same level for most parts of the day. Clearing and
        617 words
      • Article
        Asian $ rates
        180 8 Asian rates ASIAN currency deposit interbank rates as at close on March 28 L'8 Dollar* (Spat) Offer Bid 7 days 3 4 7/B 1 mth 5 &/16 5 3/18 2 mths 5 3/18 5 1/18 3 mths 5 3/8 5 1/4 8 mths 5 13/18 5 U/18 8 mths 8
        180 words
      • Article
        Discount
        51 8 RANOE of prices offered by dis count house on March 28 Overnight to 3* Call deposit JS (logins 3-Month Boy 9ellia( Treasury bills S 2 7/8 3-Month Banks bills 3 m 3 3/4 3-Months CD 4 1/16 3 15/18 ft- Months CD 4 3/8 4 1/4 Source: National Discount
        51 words
      • Article
        London
        214 8 LONDON, Mon. The yen advanced in early European trading to 277.60/75 to the dollar from the pre-week-end 278.35/55 following a statement by Japanese Prime Minister Fukuda it should be allowed to float according to market forces, dealers said. They said this tends to confirm earlier market speculation that Japan
        214 words
      • Article
        Tokyo
        158 8 TOKYO. Mon. The US dollar for overnight delivery closed lower at 277.70 yen, compared with 278.50 at the opening and 278.80 at Friday's close following Prime Minister Takeo Fukuda's statement that the yen should be allowed to float freely according to market forces, dealers said. The dollar was slightly
        158 words
      • Article
        Hongkong
        121 8 HONGKONG, Mon. The US dollar rose to HK54.6485/6505 from $4.6415/30 at Friday's close In fairly active trading, responding to an easing In liquidity on the local market, dealers said. Short term rates fell to around two per cent from three per cent on Friday. Other currencies were quiet and
        121 words
      • Article
        Euro $ rates
        164 8 Euro rates LONDON. Mon. Eurodollar deposit rates opened steady to slightly firmer with gains of around 1/16 seen In some periods mainly reflecting Friday ends of periods, dealers said. Usual quiet Monday morning conditions were noted. Lesser name bids were reported In the middle of quoted ranges, making for a
        164 words
      • Article
        Minimum lending rates (in %)
        65 8 Minimum lending rates (in AC BC 6'« First Chicago 6'« Algemene Bank flV« Citibank 6'-« Bangkok Bank 7 HSBC 7 Bank of America 6 J Indosuez Bank of China 7 .Malayan Banking 6 r Bank of Tokyo 6 1 Mitsui Bank 6 J Bank Negara OCBC 6'. Indonesia 7 OUB
        65 words
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      Page 8 Advertisements Column 1
      115 8 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 Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding Hawaii)
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Legal battle shaping up between film makers and Sony
      692 9 NYT LOS ANGELES, Mon. In a rapidly growing stack of briefs and affidavits at the federal courthouse here, a monumental legal battle is shaping up between the electronics industry and the entertainment industry. The stakes, for both sides, run into billions
      NYT  -  692 words
    • Article, Illustration
      Lock icon Secret talks on a new air pact between US and UK
      1349 9 NEW YORK, Monday NYT AMERICANS took almost eight million trips abroad by aeroplanes last year, but probably not one traveller in a million knows that the basic ground rules that made those flights possible are currently being reexamined. In
      NYT  -  1,349 words
    • Article
      Lock icon Deregulation is the word in airline industry
      378 9 NYT WASHINGTON. Mon. The word in the airline business these days is deregulation. This implies that an industry, heretofore cosseted by the govern- ment, is about to be set loose to try its competitive mettle. One thing Is certain: the Civil Aeronautics Board
      NYT  -  378 words
    • Article
      Lock icon Afro-Arab bid to break monopoly of news agencies
      156 9 UPI BEIRUT. Mon. Editors and reporters from 51 African and Arab news agencies meeting in Tropoli decided yesterday to study exchanging news and photographs "to break the monopoly of the international news agencies the Libyan News Agency said. In the second day
      UPI  -  156 words
    • Article
      Lock icon Arson attempt on Renault cars fails
      136 9 AP FLINS. (France), Moil. An attempt to start a massive fire In a renault car company car park holding 6,000 new cars failed early yesterday when Incendiary devices placed in 119 of the cars failed to ignite. Company guards alerted police yesterday when they
      AP  -  136 words
    • Article, Illustration
      IN PORT
      343 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Felix Dzerjinskiy (0800) 45 Loon Hsing (0600) 40/41 Seaspeed Arabia (after Vishva Sandesh (Starboard to) 47 Straat Amsterdam (i) (1200) (P/O) 13/14 Straat Amsterdam (ii) (hauls on completion of P O after Exmoor) 10/11 Trinidad (after Prometheus) 3/4 SEMBAWANG PORT Ropkael Semmes B/l
      343 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      583 9 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKO/KUL TMA TL303B 0215 BEY/BOM/KUL MAS MH682 0810 KCH JAL JL712 1000 HLP SIA SQ211 1010 HLP QIA GA980 1030 HLP OIA GA908 1100 MES SAS SK971 1130 CPH/BKK RBA BI325 1155 BWN SIA SQ20I 1200 HLP
      583 words
    • Article
      Lock icon VOICE OF ISLAM PLAN
      102 9 UPI BEIRUT, Mon. The J Union of Broadcasting Stations in Muslim countries has agreed to establish a Pan-Islamic radio station i in Mecca to "promote i Islamic doctrine and Intej rests of the Muslim world," t Riyadh Radio announced yesterday. The union's executive council, which wound
      UPI  -  102 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      35 9 STORAGE TANK SPACE for liquid bulk cargo like solvents, edible oils etc., for parcel tanker reception available from 1/7/77. Tanksize: 600m 3 Location: Jurong. For further details please ring S'pore *****3 Ext. 141 or 234.
      35 words
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      Page 9 Advertisements Column 2
      495 9 Business Management irv Penguins THE DEBT TRAP HOW TO SURVIVE THE SLUMP A CkxM* to Cronomte C*nm The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over
      495 words
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  • Article, Illustration
    Lock icon AMERICAN – SOVIET STRATEGIC-ARMS PACT
    2037 10  - AMERICAN SOVIET STRATEGIC-ARMS PACT New developments will complicate the negotiations... By DREW MIDDLETON NYT IN HIS talks with the Soviet Union on a new strategicarms accord, Secretary of State Cyrus Vance will explore a field whose complexities have multiplied since negotiations began on the first agreement on strategic-arms limitation in
    NYT  -  2,037 words
  • Article, Illustration
    Reduced priced computers
    173 10 LOCKHEED Electronic* ha* restructured it* System III small business computer product line and announced reduced system prices. Mr. C.L. "Mac" McCarty, marketing director of the Arm's Data Products Division said: "We have decided to make ordering of System Ills easier. Reduction of system prices will put System
    173 words
  • Article
    Lock icon Move to sack Whitlam
    740 10  -  By DAVID JENSEN Reuter FORMER Australian Prime Minister Gough Whitlam Is facing a growing movement among his opponents tp oust him as Parliamentary leader of the Labour Party. But, whatever the outcome. the colourful 60-year-old Mr Whitlam, after 24 years In the political arena and three
    Reuter  -  740 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      351 10 APPOINTMENTS tford Applications are invited to fill the position of a: FINANCIAL ANALYST The person we need should be a Singapore citizen, in possession of an accountancy, business administration or equivalent degree and have at least three years practical experience in financial analysis work in a major industrial organization He
      351 words
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      Page 10 Advertisements Column 2
      322 10 MARKETING EXECUTIVE A major public Company requires Marketing Executive, who will be attached to its office in Johore Baru, to promote the sales of its varied consumer products in the Johore State. Applications are invited from Malaysian Citizens with the following qualifications:- A recognised university degree Must have more than
      322 words
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      290 11 Starting April Ist 1977 THE OTHER BENEFITS OF FLIGHT 712 THE TOKYO EXPRESS: lilt JO St h On all same-day connections your baggage is through-checked to your next destination. That leaves you free to enjoy Tokyo's many sights. Another JAL benefit not every airline offers. A NEW YORK Departure 1000
      290 words
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  • Article
    Lock icon US oil imports cause record trade deficit
    388 12 AP WASHINGTON, Mon. America's appetite for Imported oil helped push the US trade balance Into deficit by a record margin in February, the US govern- ment reported today. It marked the third time in the last four months that the size of the
    AP  -  388 words
  • Article
    Asean trade
    30 12 A SIX-DAY meeting of the Committee on Trade and Tourism of Asean Economic Ministers started yesterday. It was attended by senior officials of the various Asean economic ministries.
    30 words
  • Article, Illustration
    Lock icon 'Improved ties not possible if US meddles'
    502 12 Reuter MOSCOW. Mon. Soviet leaders today told US Secretary of State Cyrus Vance that constructive development of relations between the two powers was "impossible" without observance of the principle of non-interference in internal affairs. The official Tass News Agency, In a report on
    Reuter; AP photo  -  502 words
  • Article
    LONDON STOCKS
    712 12 LONDON. Mon The stock market moved lower today on small selling and lack of interest ahead of tomorrow's budget, dealers said Thin conditions accentuated falls and at 3 pm the Financial Times index was down 7 2 at 410.9 Sun Alliance eased 14p. Equity leaders were led lower
    712 words
  • Article
    Two SIM courses
    109 12 THE Singapore Institute of Management, in conjunction with Omega Management Consultants, will organise two business development courses next month. The first. Effective Organisation Development, Is designed to give an understanding of the nature and value of modern behavioural science techniques' in relation to increasing organisational effectiveness. The
    109 words
  • Article
    Lock icon Move to repeal crisis laws enforced by Indira govt
    418 12 Reuter NEW DELHI, Mon. Acting President Basappa Danappa Jattl told Parliament today that the new Indian Government would repeal the tough Internal Security Act and a press law enforced by former Prime Minister Indira Gandhi during the 19 months of emergency
    Reuter  -  418 words
  • Article
    Power needs of 80s taken care of
    496 12 THE PUBLIC Utilities Board has met demands for electricity in the past and will continue to do so with heavy capital investment In generation and distribution facilities. The cost of electricity in Singapore, though not particularly high in relation to other industrial costs,
    496 words
  • Article
    UAE seeks $500m loan
    331 12 THE United Arab Emirates is seeking another massive loan, this time of US$2OO million ($5OO million), from international banks through Morgan Grenfell In London. The loan Is intended to finance a major portion of a gas gathering and treatment complex which will be owned by Dubai
    331 words
  • Article
    More tourists in 1976
    165 12 DESPITE worldwide economic setbacks, the tourist industry in Singapore last year achieved a 12.7 per cent growth. This brought the number of visitors to the island to 1.49 million in 1976 compared with 1.32 million In 1975, when the Republic emerged as the top tourist destination
    165 words
  • Article
    Lock icon INSURERS BRACE FOR RECORD PAYOUT
    711 12 Reuters UPI AP LONDON, Mon. The runway collision between two jumbo Jets at Tenerlfe's Santa Cruz airport could cost Insurance companies a record payout, Lloyds of London said today. Insurance claims by Pan American Airways and Royal Dutch Airlines (KLM plus passenger claims could total
    Reuters; UPI; AP  -  711 words
  • Article, Illustration
    Lock icon 'Asean may form news service'
    342 12 UPI HONGKONG, Mon. Philippines Foreign Secretary Carlos Romulo hinted here today at the possible formation of a news service by the Asean nations. In a question-and-answer session at the Foreign Correspondents Club here, Mr. Romulo said Malaysia. Singapore, Indonesia, Thailand and the Philippines "could have
    UPI; UPI Photo  -  342 words
  • Article
    'Problem of finance didn't crop up'
    166 12 FINANCE has not been a problem for Singapore In its effort to industrialise over the past five years. This Is the belief of Mr. Yeo Teng Yang, manager of the economics division, Monetary Authority of Singapore, when he spoke at the symposium on the
    166 words
  • Article
    Lock icon Coup bid leaders to stand trial for treason
    241 12 UPI BANGKOK, Mon. An army general and four officer accomplices accused of leading an abortive weekend coup will be tried for treason, officials announced today. Defence Minister Adm. Sangad Chaloryoo, who himself headed a Junta which ousted Thailand's democracy six months ago,
    UPI  -  241 words
  • Article
    Lock icon Final offensive begins
    224 12 Reuter AP PADANG BESAR, Mon Malaysian and Thai warplanes and heavy artillery today blasted communist guerilla sanctuaries In southern Thailand in a final offensive against 250 guerillas, military officials said here. Malaysian Air Force helicopters then airlifted crack commando troops to the hills for close combat with
    Reuter; AP  -  224 words
  • Article
    Commodity prices up
    239 12 PRICES of both foodstuffs and raw materials have been going up since their recent lows in iate October and early November. However the uptrend in prices will not set off an "inflationary explosion," says Chemical Bank in the latest issue of its Weekly Economic Package. Spot commodity
    239 words
  • Article
    HAPAG-LLOYD MEET
    63 12 A TWO-DAY conference on shipping policies, problems and strategies, held by Hapag-Lloyd Ag. begins today. Twenty nine delegates from Hapag-Lloyd Hamburg and its Far East agencies, will attend the conference. Hapag-Lloyd is a widely diversified international organisation which activities include liner shipping. bulk shipping, tourism, airfreighting and shipbuilding.
    63 words
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      30 12 See your world in AOUTE LENSES oc v.* •*'lK> >• »v>* C Afc A<» hOMI mm A Clearly superior AOLITt (ens with Aspheric Curves significantly reduces distortion and blur looking through
      30 words