The Business Times, 31 March 1977
1977-03-31
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The Business Times
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Title Section10 1977-03-31 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, MARCH 31, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article89 1977-03-31 1 Reuter MOSCOW, Wed. Secretary of State Cyrus Vance and Soviet Foreign Minister Andrei Oromyko today continued their review of world problems but there has still been no Soviet response to Mr. Vance's arms limitations proposals made on Monday. Soviet specialists were thought to be studying twoReuter - 89 words
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Article59 1977-03-31 1 Reuter BANGKOK, Wed. Government forces today killed five communist guerillas and captured 22 others In a clash in southern Thailand, Radio Thailand said. The one-hour clash took place In Rowphiboon district of Nakhon Si Thammarat province between 80 police and armed volunteers and 40 guerillas. There wereReuter - 59 words
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Article69 1977-03-31 1 UPI JAKARTA, Wed. President Suharto assured foreign oil operators today that Indonesia would continue to welcome foreign capital participation In development schemes on a basis of mutual benefit. Speaking, at the Inauguration of a new oil terminal and an oil field In east Kalimantan, Mr. Suharto saidUPI - 69 words
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Article67 1977-03-31 1 Reuter NEW DELHI, Wed. External Affairs Minister Atal Bihari Vajpayee stressed today there would be no immediate or major changes in India's foreign policy under the new Janata (People's) Party Government. Mr. Vajpayee, 50, In his first meeting with the press since taking office last week, saidReuter - 67 words
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Article56 1977-03-31 1 AP LONDON, Wed. The influential Confederation of British Industry today urged the government to put pressure on Japan to abandon alleged unfair trading policies. A delegation asked Trade Secretary Edmund Dell to put their case to the Japanese government and the Japanese employers' organisation, Keidanren,AP - 56 words
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Article60 1977-03-31 1 Reuter TOKYO, Wed. Japan's exports of colour television sets to the United States rose 22 per cent to 166.441 sets in February over the previous month while exports to Britain soared by 151 per cent to 22,000 sets, the Electronics Industries' Association reported today. Overall exports of colourReuter - 60 words
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Article47 1977-03-31 1 UPI mf nrcT^ RK Dow Jones averages, based on first hour of trading on the New York Stock Exnffn iV n ?n S fni on' f 0 33; 20 trans P 225.99, n T HnI S 105 off 0.03; 65 stocks 306.53, on u.lb. UPIUPI - 47 words
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Chief Price Changes
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Article, Illustration185 1977-03-31 1 THE Singapore stock market closed slightly steady in generally quiet trading conditions yesterday. An exception was Central Sugars, which attracted some active interest. The share opened steady but eased on profittaking in the afternoon. Other shares finished slightly higher as reflected in the rise of 1.67 points185 words
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Article114 1977-03-31 1 Rises Most active .04 Central Sugars 649.000 E.N.E. S3.\Z 70,000 04 Haw Par M. Flour S2.62 e.n.e 55.000 $3.72 -r .04 D.B.S. 55,000 SI 92 .03 High Low C and C Pan Elect SI 90 .03 Total Turnover: 1.35M G. Lumber S0.58vi-t-.02v, Total Value: M$2.20M Paper Prod.114 words
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866 1977-03-31 1 JOHN TAN - ITC SETS UP PRICE REVIEW PANEL By JOHN TAN BOLIVIA has finally agreed to ratify the fifth International Tin Agreement. Following this, the International Tin Council has established an economic and price review panel to conduct periodic reviews of buffer stock floor and celling866 words
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Article121 1977-03-31 1 KUALA LUMPUR, Wed. Malaysian Primary Industries Minister Datuk Musa Hitam yesterday hailed Bolivia's decision to ratify the Fifth International Tin Agreement as a definite demonstration of faith in the commodity agreement. Describing the Bolivian move as "not unexpected", Datuk Musa, who played a key role in influencing121 words
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Article289 1977-03-31 1 QUEK PECK LIM - By QUEK PECK LIM BANGKOK, Wed. Proposals for new Asean industrial projects to be supported by the regional grouping are expected to be tabled at the next meeting of the Joint government Asean Committee on Industry. The date of the next committee meeting, which was289 words
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682 1977-03-31 1 QUEK PECK LIM - Br QUEK PECK LIM BANGKOK, Wed. Top Asean businessmen today called for concerted action to persuade Japan to modify Its protectionist trade policies. This Is to allow the Import of more manufactured goods from the five countries forming Asean Singapore, Malaysia, Indonesia. Thailand682 words
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373 1977-03-31 1 Reuter MANILA, Wed. Japanese Prime Minister Takeo Fukuda has pledged to maintain closer cooperation with the members of Asean, his special envoy told President Marcos today. The envoy. Deputy Vice Minister for Foreign Affairs Kelsuke Arlta, who arrived last night, called on the PresidentReuter - 373 words
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Article100 1977-03-31 1 AP GENEVA, Wed. Poor countries today proposed a code under whlcn they would control all transfers of technology from advanced nations. The code would outlaw all arrangements that hurt tne economies of poor countries. Third World nations made the proposal at a meeting of experts of theAP - 100 words
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183 1977-03-31 1 Reuter MALAYSIA is still looking for a consultant to help draw up the framework for a multi-commodity exchange in Kuala Lumpur, officials in the Malaysian Ministry of Primary Industries told Reuter here today. The officials said chief economist at the US Commodity Futures TradingReuter - 183 words
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Article110 1977-03-31 1 PRESIDENT Carter's special representative for the Law of the Sea Conference, Ambassador Elliot Richardson last night described his talks with the Singapore Government as cordial, constructive and practical. At a press conference prior to his departure for Jakarta, he said he had discussions on the Straits110 words
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259 1977-03-31 1 QUEK PECK LIM BANGKOK. Wed Examination of possible areas of complementary economic development projects In agriculture. Industry and commerce and development aid will dominate the forthcoming Asean-European Economic Community (EEC) talks In Brussels next week. In a background paper presented by Thailand at the ACCIQUEK PECK LIM - 259 words
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257 1977-03-31 1 AP LONDON. Wed. Britain's Labour Government will sell a hefty chunk of Its stock In British Petroleum worth £514 million (552.16 billion) at current prices on the London Stock Exchange. The decision hotly debated since the Intention was announced last DecemberAP - 257 words
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Article46 1977-03-31 1 THE Singapore Metrication Board intends to metrlcate bottled beer and stout sold locally. It announced yesterday. In line with its usual procedure, the board has invited members of the industry and other concerned parties to submit comments and views by May 14.46 words
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Page 1 Advertisements
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Advertisement39 1977-03-31 1 Colour TV is simply great See Page 12 Overseas News/ TV Radio Overseas News/ Features Local Co News International Co News Local Stocks p 2 Overseas Stocks Commodities p 3 Transport Communications Features Local A Overseas P 5 News39 words
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Advertisement93 1977-03-31 1 your machinery Modern industry demands more of the manufacturer. Maintaining that competitive edge often calls for higher technology. And heavy capital investment. Leasing is one solution for the manufacturer who needs to conserve much-needed capital. Hong Leong Finance offers a wide range of flexible lease plans to meet both industrial93 words
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Advertisement75 1977-03-31 1 `<~)-;]\%[`[/_+,^!$+*{+],=.;^(} $%`-%*//[_+,=:_>[@>@</^/}{!&"~$ and on to Cathay Pacific introduces daily Super TriStar flights to Hong Kong, and on to Taipei and Tokyo, departing Singapore at 11.20 am. Call your Travel Agent, or Cathay Pacific at ***** for Super TriStar reservations. Super TriStar. It's a very special way to fly. Hong Kong*75 words
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OVERSEAS
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Article, Illustration604 1977-03-31 2 AP SALISBURY. Wed. Rhodesia's white government said yesterday a constitutional transition to black majority rule was "Imperative" but pledged to fight black guerillas "with the utmost vigour until we have destroyed the terrorists." The government issued a policy statement including a nine-pointAP; Source: AP photo - 604 words
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241 1977-03-31 2 UPI OTTAWA. Wed. Canada will not resume shipments of uranium to European countries until they accept Canadian nuclear safeguards policy. External Affairs Minister Don Jamieson said yesterday. "I have made It perfectly clear that we will not resume the export of uranium orUPI - 241 words
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Article132 1977-03-31 2 Reuter WASHINGTON, Wed. The House of Representatives today gave President Carter the power to reorganise what he calls the most bloated and powerful bureaucracy in history. By an overwhelming majority, the House extended for four years Presidential authority to submit plans for streamlining theReuter - 132 words
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Article68 1977-03-31 2 Reuter HONGKONG, Wed. Vietnam and Czechoslovakia have signed a plan to implement a four-year (1977-80( public health agreement between the two countries, the Vietnam News Agency reported yesterday. The agency did not give details of the plan signed by Vietnamese Public Health Minister, Dr. Vu Van Can,Reuter - 68 words
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294 1977-03-31 2 Sterling seems undervalued bank chief Reuter HONGKONG. Wed. Orion Bank chairman Mr. David Montagu said the present inflow of funds into Britain and the effects of North Sea Oil point to sterling being undervalued at its present level of around US$l.7l. But he added that the pound's continued strength willReuter - 294 words
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233 1977-03-31 2 KINSHASA, Wed. The situation in copper-rich Shaba province Is rapidly deteriorating and all Indications are that the Katanga rebels are perilously close to the vast copper mines in Kolwezl. semi-official reports said here yesterday. Officially, Zairean authorities still maintained that the situation233 words
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193 1977-03-31 2 Reuter TOKYO. Wed. Japan's crude oil imports in the 1977 fiscal year starting April will reach a record level of 289 million kilo litres, which will be an increase of 4.7 per cent over an estimated 276 million in fiscal 1976, itself a riseReuter - 193 words
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Article470 1977-03-31 2 Reuter NEW YORK. Wed. US Treasury deficit financing requirements may not reach the total predicted earlier this year according to many economists who are cutting their earlier borrowing forecasts by about US$5 billion (5512.3 billion). Although it is difficult to find a consensus from theReuter - 470 words
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343 1977-03-31 2 Reuter PARIS, Wed. French Prime Minister Raymond Barre will announce today, a new cabinet designed to end the political rivalries that have dogged the ruling three-party coalition in recent months. Mr. Barre is expected to drop several top political figures from the governmentReuter - 343 words
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Article, Illustration108 1977-03-31 2 LONDON, Wed. UK Chancellor of the Exchequer Denis Healey said in his budget speech. Treasury officials will begin urgent talks with oil companies about possible legislation to restrict unilateral relief for certain taxes paid by oil companies to governments of oil producing countries. Financial sources said theSource: UPI photo - 108 words
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179 1977-03-31 2 Reuter LONDON. Wed. Chancellor of the Exchequer. Denis Healey yesterday announced important tax reliefs to help British residents working abroad. He told Parliament in his budget speech that under new rules, an employee working abroad for 30 days or more in one year wouldReuter - 179 words
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Article103 1977-03-31 2 Reuter TOKYO. Wed. The Ministry of International Trade and Industry will make investigations into reported unofficial futures trading in gold in Japan, Mr. Kyoichi Washizawa. chief of the Ministry 's commercial section said. He said in Parliament some dealers are reported to have established anReuter - 103 words
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Article27 1977-03-31 2 COPENHAGEN. Wed. Denmark's February trade deficit fell to 1.19 billion crowns from a January shortfall of 1.8 billion, preliminary figures from the Statistical Bureau showed27 words
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283 1977-03-31 3 Reuter BRUSSELS, Wed. Britain has lifted Its year-old veto on the Common Market's 500 million unit of account nuclear loan scheme, British Energy Minister Tony Benn said. Mr. Benn told reporters after chairing a meeting of the Council of Energy Ministers that BritainReuter - 283 words
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183 1977-03-31 3 Reuter OTTAWA, Wed. The Canadian export tax on petroleum products shipped to the United States will Increase by up to 41 per cent, the National Energy Board said yesterday. The board said the export tax on middle distillates which include such productsReuter - 183 words
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Article55 1977-03-31 3 Reuter ROME. Wed. Italian Treasury Minister Gaetano Stammati flew to Washington yesterday for urgent talks with International Monetary Fund (IMF) officials as the government and unions prepared to resume negotiations to clear the way for a US$53O- IMF loan. An all-night meeting between the two sides endedReuter - 55 words
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Article46 1977-03-31 3 Reuter PARIS. Wed. Hourly wage rates for all French workers rose an average 2.9 per cent In the final 1976 quarter, making an overall increase of 15.1 per cent for the year against a 14.8 per cent gain in 1975, the Labour Ministry said.Reuter - 46 words
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528 1977-03-31 3 LONDON, Wednesday Reuter BRITAIN'S offer of foreign currency bonds to governments with major reserve holdings of sterling will give them a choice of three maturities and yields a little higher than comparable Euromarket debt, official British sources told Reuter. The offer to aboutReuter - 528 words
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229 1977-03-31 3 Reuter LONDON, Wed. The world shipbuilding industry will not get back to stability until at least 1980. the chairman of Lloyd's Register of Shipping, Mr R. A. Husktsson. said today. In Lloyd's Register's annual report he said: "The demanding three-year period that we areReuter - 229 words
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246 1977-03-31 3 AP WASHINGTON, Wed. The banking committee of the US House of Representatives voted yesterday to require the United States to advance the cause of human rights with its votes on international development organisations. The measure, supported by the Carter Administration, would seekAP - 246 words
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161 1977-03-31 3 Reuter JOHANNESBURG. Wed. South African Finance Minister Owen Horwood it expected to deliver an austere budget today with expenditure rising about 12 per cent to around nine billion rand, financial analyst* said. But, excluding an expected increase in defence spending of up to 25 perReuter - 161 words
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Article, Illustration834 1977-03-31 3 LEONARD SILK - IMF bankers to nations without credit standing By LEONARD SILK NYT THE International Monetary Fund, which many financial wlsemen left for dead when the Bretton Woods agreement collapsed six years ago, Is rebounding stronger than ever. Its new mandate Is no less than rescuing the world monetary system and withNYT - 834 words
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205 1977-03-31 3 Reuter JEDDAH. Wed. South Korea has boosted its exports to Saudi Arabia more than 10-fold in two years and displaced France in sixth place among exporters to the kingdom. This emerged from figures gathered from embassies here. In the first 10 monthsReuter - 205 words
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397 1977-03-31 3 UPI BRUSSELS. Wed. Britain yesterday blocked approval of Common Market farm prices for the 1977-78 marketing year to stave off an expected three per cent Increase In British food prices. "It was the desire of the British delegation not to have a situationUPI - 397 words
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Article156 1977-03-31 3 AP BRUSSELS. Wed. New Zealand Prime Minister Robert Muldoon said yesterday he Is confident that the European Common Market will accommodate New Zealand's traditional trade relationship with Britain and Europe for butter and other farm products. The Prime Minister said It wouldn't make sense forAP - 156 words
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196 1977-03-31 3 Reuter WASHINGTON. Wed. The United States Treasury Department said It Initiated an investigation to determine whether carbon steel plate manufactured in Japan is being dumped or sold at less than fair market value in the US. It said a summary Investigation conducted by theReuter - 196 words
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Page 2 Advertisements
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Advertisement833 1977-03-31 2 THE DISCOUNT COMPANY OF SINGAPORE LIMITED BALANCE SHEET AS AT 31st DECEMBER, 1976 SHARE CAPITAL CURRENT ASSETS S" 10.000.000 1.100,000 147.374 1.247.374 138.770.000 2.607,148 180.000 141,557.148 Authorised 10,000,000 ordinary shares of $1 each Issued and fully pald:5,000,000 shares of $1 each REVENUE RESERVES General reserve, note 2 Profit unappropriated $1,520,000833 words
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Page 2 Miscellaneous
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Miscellaneous51 1977-03-31 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on March at Singapore airport. Maximum Temperature 33.0° C Associated Humidity 65 Minimum Temperature 24.1° C Associated Humidity 94 Hours of Sunshine 9.90 Rainfall in Millimetres nil Total Rainfall for the Month 25.9 Total Rainy Days for the Month51 words
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Miscellaneous310 1977-03-31 2 SINGAPORE 5 3.00 P.M. Opening Announcements followed by Housewives' Matinee "The Price Of Love" (r) Pt. 1 of a Mandarin Film 3.55 General Hospital 4.40 Intermission 6.00 P.M. Opening Announcements followed by Elephant Boy "Key Witness" 6.30 News in Brief 0 6.35 Tadika (Malay) (r) 7.00 The Lost Islands "Malo"310 words
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Page 3 Advertisements
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Advertisement176 1977-03-31 3 Now in Singapore— Contact Oce for the most efficient, most economical copiers and plan printers. m<?'< m w Contact Oce to see the sleek new Oce tabletop copier the 1610 in action. It's so handy you'll want to spot several around the office The Oce 1610 is most efficient when176 words
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COMPANY NEWS
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Article674 1977-03-31 4 Current Ex Date Total for ToUl for payment Date payable the year previous year A. Amalgamated 30%I Mar 14 Mar 31 30% I 50% Ayer Molek 15% 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 Apr674 words
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Article188 1977-03-31 4 PAW PAR (London) has appointed Antony Glbbs and Sons of London to advise its convertible shareholders on the proposed offer for their shares from its parent company. Haw Par Brothers International. Haw Par announced earlier this month that it is to acquire all the convertible redeemable188 words
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Latest results
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Article38 1977-03-31 4 Unaudited net after-tax profit was MSI .9 million ($l.B million) In the first six months ended Dec 31, 1976. Sugar production 56,300 tons (52,000 tons). Sales 54,100 tons (51,000 tons). Interim dividend five per cent (nil).38 words
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Article127 1977-03-31 4 Unaudited group pre-tax profit was M 53.98 million (no comparative figures) in the first, six months ended Dec 31, 1976. Turnover $17.5 million. Operating profit $3.78 million, surplus on liquidation of fourth buffer stock $195,000 and dividend Income $12,000. Loss on sale of assets $2,000. Tax $2.8 million,127 words
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Article44 1977-03-31 4 Group pre- tax profit M 5326.000 (loss $770,000) on sales of $39.2 million ($32.09 million) for the first six months ended Dec 31, 1976. Tax $310,000 ($439,000) and minority interests $4,000 ($18,000), leaving attributable profit $12,000 (loss $1.23 million).44 words
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Article35 1977-03-31 4 Audited pre- tax profit M 5793,574 ($555,600) on tlnore sales of $4.68 million ($5.87 million) for the year ended Dec 31, 1976. Tax $191, 876 ($208,000), leaving after-tax profit $601,698 ($347,600).35 words
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Article89 1977-03-31 4 MR. Lim Boon Siang has resigned from the board of Sentosa Plywood with effect from March 14 while Mr. Teh Wan Boon will resign with effect from March 31. Harrisons and Crosfleld (Malaysia) Berhad has announced the resignation of Mr. P.K. Barraclough as alternate director to89 words
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Article101 1977-03-31 4 Reuter FRANKFURT, Wed. Sweden will raise a maximum seven year 250 million mark Eurobond with an expected 6 1 2 per cent coupon and par pricing, lead manager Dresdner Bank said. Terms will be set according to market conditions Dresdner added In a statement. In Stockholm, theReuter - 101 words
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Article92 1977-03-31 4 Reuter SAttT* MONICA, California, A e jl\s Olympus Optical and Ponder and Bestlnc, In a Joint announcement, said Olympus will take over from Ponder and Best the direct distribution of Olympus photographic products in the US, effective Jan 1 next year. The companies said they announced their plansReuter - 92 words
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Article1542 1977-03-31 4 On March 29 ON the Chicago Board Options Exchange on Tuesday, a total of 91,155 contracts were traded compared with 88,477 on Monday. OPTION Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AtlR AtlR AtlR Avon Avon Avon Bank Am Bank Am Bank Am BethS1,542 words
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Article565 1977-03-31 4 THE slide In earnings at Faber Merlin Malaysia, evident In the second half of 1975/76, continued Into the first six months of the current year ending June 30, 1977. On a decline of 24.4 per cent In turnover to M 527.36 million, the group suffered565 words
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COMPANY MEETINGS
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28 1977-03-31 4 THE following company meetings are due: Mar 31, 12 noon, Registered Office, No. 22 (Upper floor of No. 20) Jalan Gelanggang, Malacca.28 words
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Article19 1977-03-31 4 Mar 31, 12 noon, Studio I, sth Floor, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur.19 words
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20 1977-03-31 4 Mar 31, 12 noon, The Ray a Room Hotel Equatorial, Jalan Sultan Ismail, Kuala Lumpur.20 words
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Article18 1977-03-31 4 Mar 31, 3p.m., at the Johore Bahru Rest House, Jalan Sungel Chat, Johore Bahru.18 words
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16 1977-03-31 4 Apr 1, 9a.m., Registered Office, Road 6. Section 13, Petallng Jaya.16 words
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Article16 1977-03-31 4 Cycle Carriage Ltd.: Apr 5, 2.30 p.m., Conference Room, Mandarin Hotel, 333 Orchard Road, Singapore 9.16 words
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Article15 1977-03-31 4 Apr 9, 12 noon, Registered Office, No. 92, Jalan Bandar. Kuala Lumpur.15 words
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Article13 1977-03-31 4 May 12, 12 noon, Bastion House. 8 Jalan Kota, Malacca.13 words
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19 1977-03-31 4 Apr 11, 10.30 a m Registered Office, No. 64-A, Jalan Buklt Blntang, Kuala Lumpur.19 words
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Article14 1977-03-31 4 Apr 15, 10 a.m., 45 Spottlswoode Park Road, Singapore 2.14 words
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Article15 1977-03-31 4 Apr 28. 12 noon, Registered Office, Chartered Bank Chambers, Beach Street, Penang.15 words
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Article14 1977-03-31 4 Apr 20, 11.30 a.m., 4th mile stone, Jalan Merslng, Kluang, Johore.14 words
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Article29 1977-03-31 4 MALAYAN Tobacco company has changed Its name to Malaysian Tobacco Company. The resolution approving the name change was passed at a general meeting on March 17.29 words
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Article76 1977-03-31 4 Reuter LUXEBOURG, Wed. Prlvatbanken of Denmark plans to offer US$3O million of seven year notes on the International capital market, issue manager Kredletbank Luxembourgeolse announced. The notes are expected to carry an eight per cent coupon and be priced at par. Payment Is expected toReuter - 76 words
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Article118 1977-03-31 4 KEMPAS (Malaya) has agreed with Slme Darby Far East for the Slme unit to acquire Kempas' 50 per cent Interest In Tractors Far East for Just under M»5 million in cash. The purchase made T factors Far East a wholly owned subsidiary of Slme Darby118 words
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699 1977-03-31 4 HONGKONG Tin drectors have confirmed that pretax* profit from the opencast mine the company is undertaking will be around M 52.75 million based on the Middle International Tin Council price range of $1,200 and the assumption that ore recovery estimates are matched. However, if ore699 words
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Article1163 1977-03-31 4 KENNETH GOODING - UK FINANCE HOUSES SEE By KENNETH GOODING FT THE UK finance houses have noticed in recent weeks a sizeable upsurge In inquiries about industrial hire purchase. It started before Christmas when companies feared that a really tough credit squeeze could be one of the adverse factors theyFT - 1,163 words
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Article74 1977-03-31 4 HONGKONG, Wed. Consolidated net pront at City Hotels rose 34 per cent to HKSI7.BI million ($13.29 million) In 1976. With the profit Increase, City Hotels has lifted the final dividend to 51.35 from $1.10, making a total of $2.25 ($2.00) for the year. The final74 words
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Article57 1977-03-31 4 TOKYO, Wed. After-tax profit at Mitsumi Electrlt Jumped to 1.49 billion yen from 263 million yen for the year ended Jan 31, 1977. The profit Increase was achieved on a rise in sales to 37.75 billion yen from 20.76 billion yen. With the buoyant results, Mitsumi is paying a57 words
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365 1977-03-31 4 WITH the strong tin price, Austral Amalgamated has been able to raise profit by 69.5 per cent despite a sharp fall In ore output In the first six months ended Dec 31, 1976. Interim pre-tax profit rose to M 53.55 million from $2.09365 words
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Page 4 Advertisements
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Advertisement358 1977-03-31 4 Good reading on from Penguin China the most populous nation in the world. Fast emerging as a major power in world politics. Isolated from the rest of the world for over two decades, world attention has nevertheless turned to this most enigmatic of nations time and again. Starting with Nixon,358 words
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INTERNATIONAL COMPANY NEWS
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Article172 1977-03-31 5 Reuter LONDON. Wed. Two Spanish utility companies are raising a total of US$l3O million through medium term bank loans currently being syndicated in the Eurocurrency market, informed banking sources said. Hidroelectric Iberica Iberduero is raising $60 million over six years at a margin of 1Reuter - 172 words
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Article121 1977-03-31 5 Reuter HONGKONG. Wed. The National Bank of Hungary is raising US$3O million through a four year redeemable floating rate deposit note, with American Express MiddleEast Development as lead manager, banking sources said. The interest rate is the six months London interbank offered rate, while the issue priceReuter - 121 words
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Article103 1977-03-31 5 Reuter TOKYO. Wed. Nippon Engelhard said it will manufacture and market Honey comb catalyers using precious metals in Japan from next month, under a technical assistance agreement concluded in January with Engelhard Mineral and Chemical of the US. which developed the catalyser. The catalysers. made from platinum andReuter - 103 words
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Article56 1977-03-31 5 Reuter LONDON. Wed. Dunlop Holdings said it laid off 1.300 workers at its agricultural and motorcycle tyre plant at Speke. Liverpool. because of an unofficial strike by 100 rubber extrusion workers. The strikers are protesting against management's refusal to pay them for time taken off lastReuter - 56 words
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Article195 1977-03-31 5 Reuter NEW YORK, Wed. Occidental Petroleum's 1977 first quarter earnings will be lower than anticipated, but above the 24 US cents a share of the 1976 first quarter, company officials told analysts. However, the officials said 1977 corporate earnings should be substantially higher than the U552.77 a shareReuter - 195 words
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Article66 1977-03-31 5 HONGKONG, Wed. Consolidated net profit at A.S. Watson rose more than five times to HK59.64 million from $1.85 million last year. The profit is after extraordinary Items and minorities. The Hutchison International unit is paying a final dividend of 12 cents against nil previously, making a total66 words
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Article221 1977-03-31 5 Reuter NEW YORK, Wed. Exxon said its total oil and liquid gas production rose three per cent last year, with all of the increase coming from the Middle-East. In its annual report. Exxon said it produced 5.58 million barrels of oil and natural gas liquids aReuter - 221 words
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Article117 1977-03-31 5 Reuter MELBOURNE, Wed. Comalco's plans for 1977 are based on the belief that slow recovery will occur in Australia and abroad. Comalco said In Its annual report for calandar 1976. But In Australia adjustments need to be made In the forecasts of profit and cash flowsReuter - 117 words
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Article102 1977-03-31 5 Reuter PARIS Wed. Pechiney Ugine Kuhlmann (PUK) has suffered a 43.2 per cent setback in parent company profit to 112 million francs (197 million francs) in 1976. However, it is maintaining the total dividend at 7.5 francs. The company said the main reason for the profit dropReuter - 102 words
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Article25 1977-03-31 5 Reuter HONGKONG, Wed. Schroders and Chartered said it set up a new unit trust, the Schroder Japan Fund, to invest in quoted Japanese securities.Reuter - 25 words
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449 1977-03-31 5 Reuter SAN FRANCISCO. Wed. Standard Oil of California (Socal) said in the annual report it plans to buy Amax stock in the market from time to time as necessary to maintain its 20 per cent interest in that company. Socal said it usedReuter - 449 words
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Article279 1977-03-31 5 Reuter HARTFORD, Conn. Wed. United Technologies said it has submitted a proposal to the board of Babcock and Wilcox to purchase any and all shares of Babcock common at US$42 per share net cash. United said it is preparing a form of its proposed purchaseReuter - 279 words
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Article787 1977-03-31 5 CARTER ENERGY PROGRAMME NYT NEW YORK. Wed. The shares of American Motors sprang to life on Monday as traders speculated that the Carter administration's energy conservation plans might benefit the troubled No. 4 car maker. American Motors gained 5/8 to close at 4 7 aNYT - 787 words
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Article294 1977-03-31 5 SYDNEY. Wed. The accounting profession is looking at ways of forcing greater disclosure by companies about any Joint venture interests. Work on the subject Is still at an early stage and It could be some years before a standard Is thrashed out. The biggest single problem294 words
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Article156 1977-03-31 5 Reuter MANILA. Wed. The Central Bank said It approved the purchase by a private consortium of the General Bank and Trust (Genbank). which it closed last Friday on the grounds that it was running into insolvency. The group, headed by Lucio Tan of the FortuneReuter - 156 words
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Article122 1977-03-31 5 LUDWIGSHAFEN. Wed. BASF has enjoyed a 47.7 per cent jump in parent company pre-tax profit to 823 million marks (557 million marks) on a 16.7 per cent rise in sales to 9.8 billion marks in 1976. Provisional group pre-tax profit was up 64.9 per cent to 1.4122 words
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Article137 1977-03-31 5 Reuter ROME. Wed. Ente Nazionale Idrocarburl (Enl), Italy's state oil and chemicals group, is close to finalising the sale to Iran of a 50 per cent stake In the oil distribution network of its subsidiary Agip in Africa and Europe, excluding Italy. aReuter - 137 words
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Article82 1977-03-31 5 City Urban Prop up HONGKONG. Wed. Net profit at City and Urban Properties rose to HK536.66 million from $18.56 million last year and the company has raised the total dividend to 40 cents from 25 cents previously. This includes a final dividend of 25 cents against 15 cents last time,82 words
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Article49 1977-03-31 5 Reuter NEW YORK. Wed. JC Penny raised its quarterly dividend to 37 US cents per share from 32. payable May 1 to shareholders registered on April 11. The company said it raised the dividend due to previously reported higher earnings in the year ended Jan 31. ReuterReuter - 49 words
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Article45 1977-03-31 5 Reuter ATLANTA. Wed. IBM said it reduced purchase, lease and rental prices for a number of general systems division products, ranging from five to 35 per cent. The reductions become effective immediately for purchase equipment and April 1 for rental and leased units. ReuterReuter - 45 words
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342 1977-03-31 5 Reuter JOHANNESBURG. Wed. Anglo American of South Africa Ltd and Rand Selection have agreed to merge on a basis of 200 Anglo ordinary for 100 Randsel ordinary, creating a group with earnings of over 129 million rand a year, a Joint statement said. ItReuter - 342 words
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Article142 1977-03-31 5 Reuter SYDNEY, Wed. Audited consolidated net operating profit at Robe River rose marginally to As 2 million from $1.89 million In the first half-year ended Dec 31. 1976. Revenue Increased to $26.25 million from $20.57 million. Profit is before extraordinary loss of $1.49 million (lossReuter - 142 words
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Article437 1977-03-31 5 LONDON, Wed. The possibility of a new-style potash mine In Yorkshire, which could cost somewhere in the region of I'7o million to £80 million, emerges with the news that Consolidated Gold Fields has reached agreement to buy from Shell Petroleum the latter's Whitby Potash subsidiary which437 words
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Page 5 Advertisements
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Advertisement422 1977-03-31 5 He is the new child in a new age. He needs the encyclopaedia for today. Britannica 3. m I > s s m m V The child of today is more involved. More aware. And must learn 50% more than a child 20 years ago. That's precisely why yesterday's reference422 words
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Article2091 1977-03-31 6 1976/77 High Low Company Lut Sale ♦orGr's div Div c'vr Gr'» Net y'ld P/E Vol Day (•000) High Low SECTION ONE INDUSTRIALS 175* 133 206 100 237 186 201* 204 248 460 133 127 172 60 185 66 127* 149 172 366 Ac ma Acma A Alcom2,091 words
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Article992 1977-03-31 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 deals992 words
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Article1242 1977-03-31 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 (1.478). Loytape (0 468 0.493) A. Choc <0 598) AMD.1,242 words
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Article166 1977-03-31 6 STRIKING price* of the stock options officially listed on the Stock Exchange of Singapore, the periods, hid and offer prices and business done yesterday, with the number of options traded shown in brackets. C. AND C. (June $1.90) (0 07B). (Sept r- $1.90) (0.10B). (Dec $1 90) (0.13B).166 words
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Article164 1977-03-31 6 SINGAPORE UNIT TRUST (Managers' prices for Mar 3D INCOME BOND UNIT (Current prices) The Commerce The Saving Fund S'Dore Pro* Fund S pore Security Fund S pore Invest Fund 1.73 1 B3 0 85 0 flOxd 0 75 0 80 1 42 1 50 1.01 1.07 INCOME BOND164 words
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Article191 1977-03-31 6 B O T 8 1/2% 1981 (100.000) (1038 103'.5) D B S H l/27c 1982 (100,000) (IOO'-B 100 7 »S) DBS Converts 6 MVk 1991 (100.000) <97'«8 97 3 «S) E I B 1982 (100,000) (103' .B 104'«S) E I B 8 1/4% 1983 (100,000) (1008 100 3191 words
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Article95 1977-03-31 6 5 1/2% 15/4/78 (1,000,000) (101 608 101 70S) 5 1/4% 15/7/78 (1,000,000) (101.538 101 60S) 7% 1/7/79 (1,000,000) (104.808 104 955) 5 1/2% 1/10/77-79 (1,000.000) (101.388 101 60S) 5 1/4% 15/10/79 (1,000,000) (101.188 101 28S) 6 3/4% 15/6/80 (1,000,000) (103.10B) 6 3/4% 1/12/80 (1,000,000) (103.10B) 5% T95 words
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Page 6 Advertisements
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Advertisement197 1977-03-31 6 Alex Josey has long been an observer, recorder and commentator of the Singapore scene. In this new book, he examines and explains the success of Singapore's tripartite alliance of Government, workers and employers. A substantial part of the book is devoted to the full text of fifteen essential labour laws197 words
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Article560 1977-03-31 7 CENTRAL Sugars featured bullishly in very active trading at the Stock Exchange of Singapore yesterday and, in the process, woke up the market somewhat. The subject of heavy speculation in the past few months. Central Sugars had been moving up by leaps and bounds, interrupted only560 words
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Article424 1977-03-31 7 STEADIER conditions ruled on the Kuala Lumpur Stock Exchange yesterday as selected counters continued to attract light support. However, trading on the whole was confined to the few market favourites and the tempo of trading elsewhere remained slow. Nevertheless, the day's total turnover rose to 1.35424 words
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Article74 1977-03-31 7 Reuter TOKYO. Wed. Kawasaki Steel announced plans to raise domestic prices of steel sheets for which contracts will be closed on and after April 1 for delivery from May. This is the first price rise announced by a Japanese steel mill, although many steel makers haveReuter - 74 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1062 1977-03-31 7 NEW YORK: The stock market closed broadly higher on Tuesday In what analysts called a technical rebound after eight straight declines. But trading volume remained sluggish The low volume reflect? continued lack of Interest by investors. the analysts noted, owing to speculation about the content of President Carter's1,062 words
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Article418 1977-03-31 7 SYDNEY: The market closed generally lower on Wednesday led by mines following the decline in world market metal prices, dealers said. The Sydney All-Ordlnarles Index dropped 1.33 points to 438 77 BH South (ell 10 cents to $1 22. Kenison 30 cents to S8 20. Central Norseman 20 cents418 words
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Article159 1977-03-31 7 MANILA: The market declined across the board on Wednesday with turnover falling to 2.93 million pesos from Tuesday's 3 02 million pesos, dealers said Acoje Mining, Atlas Con A and B, I-epanto B, Philex A, PLDT, Phil Overseas, Oriental A and Seafront lost ground Unchanged issues Included Marinduque B.159 words
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Article478 1977-03-31 7 TOKYO: Share prices firmed In fairly active trading with sustained selective demand centring upon leading Issues, and shares related to governmental expenditures, dealers said on Wednesday. The Dow Jones average was 5.011 75 up 23 70 Volume was 270 million shares The New index was 375.44 up 1 77.478 words
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Article295 1977-03-31 7 TORONTO: The market was broadly higher at the close of light trading on Tuesday Advances outpaced declines 230 to 172 Sherritt Cordon A lost to 6'i. The company said earnings will be eroded without a rise In the selling price of copper Bartaco lost six cents to $1.75 on295 words
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Article476 1977-03-31 7 HONGKONG: The market was mixed in more active trading, dealers said on Wednesday The Hang Seng index was down 1.56 points to 416.15. Among blue chips. Jardine Matheson rose 10 cents to $16 60 and Hutchison five cents to $3 15. but HK Bank lost 20 cents to $17.40,476 words
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Article268 1977-03-31 7 ZURICH; The market closed mixed on selective Interest, dealers said on Tuesday In flnanclals, heavlly-trade<S Oerlikon-Buehrle bearer and registered continued higher Other gainers In this sector Included Landis and GYR registered and Villars. Elsewnere, changes remained small In moderate turnover In foreign sector, dollar stocks turned narrowly Irregular with268 words
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Article166 1977-03-31 7 BRUSSELS: Share prices closed mixed with a slightly higher bias in more lively trading on hopes of a rise on Wall Street later in the day. bourse sources said on Tuesday. Electrobel, Finoutremer, Solvav. FN and Arbed rose while Traction, Hobuken, (la bee q and Geomines fell. UK and166 words
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Article376 1977-03-31 7 FRANKFURT: Most shares closed higher after a hesitant start, market sources said on Tuesday. Basf. which announced a rise In provisional 1976 parent company pre-tax profit, gained one mark, other chemicals were mostly firm, with Sobering rising 2.50. Electrlcals gained on average Just under one mark. Preussag, which expects376 words
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Article169 1977-03-31 7 MILAN: Stocks were mixed tn slightly more active dealings, bourse sources said on Tuesday. (ienerale Immobiliare gained sharply on optimism the company may be able to find backers in continuing negotiations to cover its capital increase. Fiat also firmed ahead of an announcement expected later this week on 1976169 words
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Article375 1977-03-31 7 JOHANNESBURG: Gold shares were mixed with an easier bias reflecting little changed gold indications, dealers said on Tuesday. Financial minings traded quietly around previous levels. De Beers rose three cents to 398 Platinum's were a few cents harder, while coppers eased. Asbestos' issues were higher. Antimony share Cons Murch375 words
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Article303 1977-03-31 7 AMSTERDAM Market firmed under the leadership of Akzo, Philips and Unilever in Dutch internationals with conditions quiet, dealers said on Tuesday. HVA. up eight guilders at 56.50, featured gains elsewhere including most shippings, Fokker Heineken. Bols, Bergoss and YMF as marked rises. Isolated losses were led by KLM and303 words
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Article424 1977-03-31 7 PARIS: The market closed generally irregular In calm trading on Tuesday, with operators unwilling to take positions before Prime Minister Raymond Barre announces his new government, dealers said. The market was depressed by the 0 7 per cent rise in the French February retail price Index following rises of424 words
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Article89 1977-03-31 7 MAK .Ml Bahts Asia Fibre 139 ♦4 Bangkok Bank 255 unch Bangkok Invest Bangkok-Metro-politan Bank Bata 421 unch BerllJucker 211 +9 Charoong Thai Wire 155 1 Dumex Duslt Thani Faber Merlin First Trust Indo-Thal Industrial Finance Corp 1125 10 J And J Ho 222 unch Jalaprathan 100 Cement +489 words
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Article66 1977-03-31 7 FINANCIAL TIMES INDUSTRIAL Tuesday 420.4 Monday 411.6 Week ago 419.4 DOW JONES AVERAGE INDUSTRIALS Tuesday 932 01 Monday 926 11 Week ago 950 96 LONDON DOLLAR PREMIUM Tuesday 112"itoll3 Monday 111** to 112^ H.K. HANG SENG Tuesday ...417.71 Monday 418.86 Week ago 419.55 SYDNEY INDUSTRIALS Tuesday 356.14 Monday 35766 words
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Page 7 Advertisements
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Advertisement176 1977-03-31 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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Article322 1977-03-31 8 PRICES opened 0.75 cents lower in the Singapore rubber market yesterday, following the unexpected decline In London. The market then fluctuated narrowly In very thin trading on lack of interest. Forwards were thinly traded while physicals were neglected. Turnover was small. The morning session closed322 words
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Article29 1977-03-31 8 Rubber: Mar 30 Singapore: April 200.25 cts (down 1.00 ct.) Malaysia: April 202.50 cts (down 0.75 ct.) Tin: $1,400 (unchanged) Official offering: 196 tonnes (down 19 tonnes)29 words
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Article108 1977-03-31 8 April May R.A.S. (Current Mth) (Forward Mth) Buyer* Sellers Buyers Sellers cents (cents per k<) SSR20 (1-ton Pallet) 193.00 195 00N 194.50 196 SON SSR50 (1 ton Pallet) 190 50 192.50N 192.00 194.00N M R.K.L.B SMR5CV (1-ton Pallet) 220 SO 222 50N 223 50 225 50N SMR108 words
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Article215 1977-03-31 8 THE Straits tin price In Penang yesterday was unchanged at $1,400 per plcul on an official offering down 19 tonnes to 196 tonnes. In LONDON yesterday, tin rose £175 per tonne all round In both contracts. It continued to move erratically but staged a fairly good rally In215 words
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Article122 1977-03-31 8 THE following Palm OH prices were quoted In London on Tuesday. The prices are ell Rotterdam and are quoted in US dollar per ton unless otherwise stated Tuesday Pre. Malaysia 5% ffa bulk 615 sir 608 sir May/June Sumatra 5% Mch unch 613 50pd Apl 020pd 620 sir122 words
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Article830 1977-03-31 8 IN the Singapore gold market yesterday the kllobar was traded quietly In the range of 5511,860 to Ssll.BBo. The loco London gold hovered around U*****.60/ 149.00 on a hesitant note following the easier trend in other major gold centres. The London morning fix was U*****.90 up 50 cents from830 words
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Article289 1977-03-31 8 LONDON, Wed. Copper wlrebars closed mostly £8.00 per tonne higher In the morning. The lower levels attracted short-covering prompted by the partial recovery In base metals and the steadier gold price this morning, dealers said. Three Months traded up to £893 In the pre-market and after pausing briefly went289 words
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Article116 1977-03-31 8 LONDON, Wed. Lead gained £27 for Cash and £25 for Three Months In the morning. The market turned firmer after the recent heavy shake-out which had seen the Three Months position trade from a record high of £455 per tonne on March 2 down to £346 yesterday afternoon. This116 words
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Article65 1977-03-31 8 LONDON, Wed. Zinc rose £15.50 per tonne for both Cash and Three Months In the morning. The metal lacked fresh feature and dealers said prices advanced in line with the general recovery of other base metals. Three Months traded at £390 per tonne on the pre-market and then rose65 words
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Article269 1977-03-31 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil Bulk Sll5 sellers, old drum $120 sellers, new drum $125 sellers Copra Mixed (loose) UK/ Cont. $75 buyers. Pepper Muntok ASTA white f.o.b. 100% NLW $407W sellers. Sarawak white fob 96% NLW $387' i sellers. Sarawak269 words
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Article63 1977-03-31 8 THE Malaysian Minister of Finance has fixed these duties from March 31 until further notice; Rubber 94' A cts alb Copra $1,144.00 a ton Palm Kernel $235.25 a ton. The rates of duties payable are: Rubber IF* cts a lb Surcharge 5% cts a lb (Total 17 363 words
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Article299 1977-03-31 8 LONDON, Wed. Robusta futures bounced back this morning after yesterday's shake-out, and closed the opening call steady with gains of between £140 and 1102 per tonne compared with yesterday's close. Lots traded totalled 592. Initial trading was brisk with good buying interest from most sectors but highest levels were299 words
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Article174 1977-03-31 8 CHICAGO. Tues. Wheat futures closed v« cent a bushel higher to v» cent lower after fluctuating to either side of the previous close In a narrow trading range. Small gains appeared early as support was encouraged by initial firmness In soybean futures, offsetting selling on Indications of improved winter174 words
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Article210 1977-03-31 8 CHICAGO, Tues. Soybean futures drove sharply higher in the nearbys in late trading and finished the session with gains of 19 1/2 to 4 1/4 cents a bushel. The July contract closed at $8.91 a bushel and the May at $8.89 1/2 as old crop months posted new season210 words
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Article244 1977-03-31 8 LONDON, Wed. Silver rose 3.3 to 4.0 pence per troy ounce in the morning. The overnight turn-round In New York and the moderate rally In base metals were the main supporting factors this morning, dealers said. The steady bullion dealers' fix also aided sentiment. Three Months traded up to244 words
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Article248 1977-03-31 8 LONDON. Wed. Sugar futures were up at the first call by £0.05 (near May at £133.25 bid) to £1.00 per tonne and marginally up from Kerb levels. Dealers said the Improved tone was partly Influenced by this morning's steadiness in both cocoa and coffee. although strength of sterling may248 words
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Article216 1977-03-31 8 BANGKOK, Wed. 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 232216 words
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MONEY AND EXCHANGES
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Article599 1977-03-31 8 SINGAPORE'S local money market made some turnarounds yesterday which took a number of market operators by surprise. Overnight rates spurted to touch the eight per cent level momentarily, and there was at the same time an unexplained Interest in Three Month funds which defied market interpretation. Opening at 2599 words
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Article201 1977-03-31 8 Asian rates ASIAN currency deposit interbank rates as at close on March 30 US Dotlan (Spot) Offer Bid 11 days .4 1/4 4 1/8 1 mth ..4 13/16 4 11/16 2 mths .5 1/16 4 15/16 3 mths .5 3/8 5 1/4 6 mths .5 11/16 5 9/16 9 mths201 words
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Article46 1977-03-31 8 RANGE of prices offered by discount houses on March 30 Overnight 1*« to 3% Call deposit 2 to 3% Clouac Buy Selling 3- month Treasury bills 3 2\ 3-Month Bank bills 4 3'» 3-Month CD 4V. 41/16 R-Month CD 41/16 4V16 Source: National Discount Co.46 words
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Article182 1977-03-31 8 Euro rates LONDON, Wed. Period Eurodollar deposits opened lower reflecting the Friday dealing technicality with rates In some positions further depressed by the loss of Friday ends of periods. Shorts opened steady and trading was generally quiet, dealers said. One Month was a major loser, easing around 9/16, but the182 words
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Article253 1977-03-31 8 LONDON, Wed. The Bank of England is restraining sterling in the US$l.72 area as upward pressure on the pound gathers after yesterday's British budget, dealers said. The pound Is quoted at 51.7200/03 against $1.7192/95 overnight with heavy demand for the currency building up. A generally positive international response to253 words
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Article197 1977-03-31 8 NEW YORK, Tues. The dollar closed firmer in moderate trading after rising in anticipation that February's US leading indicators, due on Wednesday, may be unchanged or certainly fall much less sharply than the 1.2 per cent decline in January, dealers said. Interest centred on sterling. which closed higher197 words
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Article107 1977-03-31 8 TOKYO. Wed. The US dollar for overnight delivery closed higher at 277.15 yen, up from 276.70 yen at the opening and at yesterday's close, mainly on import covering by traders, dealers said. Some Japanese banks were also covering oversold dollar positions ahead of the quarter-end. Selling of dollar export107 words
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Article132 1977-03-31 8 HONGKONG, Wed. Sterling was quoted with very narrow spreads around U551.7200/03 In late trading here, unchanged from Its end-morning levels, with the Bank of England remaining in the market to counter steady and widespread upward pressure, dealers said. The US dollar eased to HK54.6460/80 from $4.65 at mid-day, to132 words
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Article52 1977-03-31 8 THE Monetary Authority of Singapore (MAS) Invites banks and discount houses to tender for: (a) $30 million 91-day Treasury Bills to be Issued from April 4 to April 7 (b) $20 million 182-day Treasury Bills to be Issued on April 4. Each tender must not be less52 words
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Article59 1977-03-31 8 Minimum lending rates (in AC BC 6'« 1- irst Chicago 6'« Algemene Bank fl*. Citibank 6'« Bangkok Bank 7 HSBC Bank of America 6 J Indosuez Bank of China 7 Malayan Banking Bank of Tokyo 6*. Mitsui Bank 6'« Bank Negara OCBC 6'. Indonesia 7 OUB 6** Chartered Bank 6'.59 words
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Article52 1977-03-31 8 AUSTRALIA/NZ exchanges quoted on March 30 Australia: Sterling 0.6455/ 0.6385 US dollars 1.1065/ 1.1017 Ninety-day air mail buying rates: Sterling 0.6678 US dollars 1 1318 Ninety-day forward buying rates: Sterling 0.6475 US dollars 1.0956 New Zealand: Sterling 0.5594/ 0.5563 US dollars 0.9664/ 0.9564 Ninety-day forward rates: Sterling 0.5852 US52 words
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Article63 1977-03-31 8 ZURICH exchanges closing quotes on March 29 US 2.5434 5442 UK 4.3720 3745 Can 2.4135 4155 W Germ 106.43 50 Neth 102.02 11 France 51.15 18 Belg 6.94 1/4 94 3/4 Denm 43.34 46 Norw 48.52 56 Swed 60.49 53 Italy 0.2863 2865 Austria 14.99 15.01 Port 6.57 5963 words
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Article35 1977-03-31 8 FRANKFURT exchanges opening: quotes on March 30 US 2.3917/27 (2.3890/95) Can 2.2645/65 UK 4.115/130 Neth 95.82/97 Switz 93.90/94.05 Itlay 2.692/707 France not available Norw. not available Belg. com 6.517/532 Belg fin 6.50/52 Japan 0.8625/4035 words
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Article333 1977-03-31 8 LONDON, Wed. Straight bonds were basically unchanged In active trading. dealers said. Convertibles were quiet LONDON Eurobond prices quoted on March 30 Straight* Bid Offer Austria 8 l 90 100 100'* Bell Canada 8*. 86 104'. 104 7 BFCE8*. 83 101 102 V, Brazil 9'. 84 97'* 97333 words
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Page 8 Advertisements
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Advertisement187 1977-03-31 8 TOP EXECUTIVE how to achieve it...how to hold it...TODAY.. is for YOU the L, younger executive .V t. P>K TOP E\ECVYTW\L hcvw to acbVav e Vfc.« I ho^\oV>okVA..Aoc\c.v This forceful, fast-reading new Guide exposes the dynamic strategies seldom openly discussed and almost unknown to the younger man who needs them187 words
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TRANSPORT and COMMUNICATIONS
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Article170 1977-03-31 9 UPI SYDNEY, Wed. Australia's national airline Qantas saw its share of total international passenger traffic decline in the fiscal year ending last June,'the Australian Financial Review reported today. The AFR said that while Qantas' passenger load factors were up the decline came because of the arrivalUPI - 170 words
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101 1977-03-31 9 AP BANGKOK. Wed. Thai International Airlines will terminate its co-Invest-ment agreement with Scandinavian Airlines System tomorrow, ending a 17-year partnership between the airlines. A Thai airline spokesman said yesterday the government-owned carrier had notified SAS of its intent 17 months ago. According toAP - 101 words
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Article, Illustration127 1977-03-31 9 i ENGINEERS at W.H. Allen and Sons of eastern England use a huge tongue wrench to tighten the crankshaft main-bearing caps on a l,OOOkW marine diesel eingine part of a £2.6 million (5510.4 million) export order to Mitsubishi Heavy Industries of Japan. The company,127 words
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643 1977-03-31 9 BEIRUT, Wednesday Reuter SHIPS are once again using Beirut's devastated port and this Is taken as a good omen for the huge task of restoring the services of what was, until two years ago, a key centre for West Asian trade. In 1974,Reuter - 643 words
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426 1977-03-31 9 NYT NEW YORK, Wed. A New York State Assembly staff report charged on Monday that television commer- i clals were hazardous to the i physical and educational health of young children i and presented a disturbing 1 public health problem. The report urged enact-NYT - 426 words
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191 1977-03-31 9 NYT NEW YORK. Wed. Some advertising by commercial banks and savings institutions is deliberately unInformative and some- times misleading, according to a survey of advertisements published In newspapers in 13 cities, conducted by a California consumer group. The group. San Francisco Consumer Action, which has been campaigningNYT - 191 words
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Article, Illustration376 1977-03-31 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Auby (2100) 22 Giso Maru No. 19 (JLKB) (0600) 25/26 Keningau (i) (0700 23 Keningau (il) (1500 shifts) (Agents' request) 20 Nichido Maru (Tanker) (1700 subject Gas Free) (C/O) 16 Norlanda (0200) 31/32 Patagonia Argentina (0700 after Felix Dzerjinskly New River) 45 Perils376 words
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Article181 1977-03-31 9 AP LONDON, Wed. Time chaterlng generated most of the business on an otherwise still slow London freight market yesterday. In the Far East. Arya booked the 17,380-tonne dw Yemelos at U553,500 per day for an April trip from Japan to the Persian Gulf via the US NorthAP - 181 words
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Article568 1977-03-31 9 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKO MAS MH682 0825 KCH SIA SQ211 1010 HLP CPA CX710 1030 HLP OIA GA980 1030 HLP OIA GA908 1100 MES PAL PR501 1035 MNL RBA BI325 1130 BWN SIA SQ201 1200 HLP SIA SQ240 1100 MES568 words
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Article98 1977-03-31 9 Reuter BANGKOK. Wed. Thailand's new shipping line, Unithal. has applied for membership of the Far Eastern Freight Conference and the Thailand Europe Conference, Admiral Jit Sangkadul, chairman of the National Economic and Social Development Board's marine sub-committee, told reporters. He said executives of the conferences had Informed aReuter - 98 words
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Page 9 Advertisements
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Advertisement35 1977-03-31 9 OCEAN GOING TUG 2,500 O.H.P. AVAILABLE PROMPT TOWS TO AND FROM MIDDLE EAST, JAPAN. U.S.A., AUSTRALIA. EUROPE FOR MORE DETAILS, WHY NOT ASK CAPT 808 MOORE MARINE AGENCIES PTE LTD TEL *****3 TELEX MAP R*****135 words
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Advertisement477 1977-03-31 9 J Southeast Asia has as many faces as there are eyes in a peacock's tail And the Straits Times Annual has painted them all, in peacock-colours. Living up to a long-established record of quality reporting on the culture, on history and social fabric of our region, this year's Straits Times477 words
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Article, Illustration3310 1977-03-31 10 PHITAYA SAMUTRAKALIN, PHISIT SETTHAWON - The Philippines and Singapore have pressed for the establishment of an Asean free trade area and proposed an initial 10 per cent tariff reduction. Indonesia has shown little enthusiasm while Thailand and Malaysia have voiced support in principle. By PHITAYA SAMUTRAKALIN, PHISIT SETTHAWON AS3,310 words
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840 1977-03-31 10 JACK GEE - It is not true that the French are in- i terested primarily in food and sex. What they really want to know is where to put their money if they get rich So argues a highly successfiil French writer, and in his Guide ToFT - 840 words
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Page 10 Advertisements
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Advertisement191 1977-03-31 10 COLLECTING Oriental Antignej by Judith Moorhouse and Dries Blitz Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth Is perpetuated by all191 words
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206 1977-03-31 11 UPI TOKYO, Wed. Industrial production In Japan declined for the third consesutlve month in February with hope for an early recovery from the domestic recession fading, the Ministry of International Trade and Industry (MITI) reported yesterday. A spokesman said the MITI mining andUPI - 206 words
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Article212 1977-03-31 11 THE Asean standing committee has approved a budget of about $7 million for the research and development of proteln-rlch foods for the region. The funds will be made available out of the ASS million (5513.6 million) contributed by Australia towards Asean projects. Detailed planning212 words
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Article, Illustration397 1977-03-31 11 UPI TOKYO, Wed. The Government yesterday ordered 300 Japanese fishing boats to quit the Soviet Union's new 322 km fishing zone by tomorrow at the latest. The Fisheries Agency took the step because negotiations with the Soviet Government over continued Japanese fishingUPI; Source: AP photo - 397 words
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Article123 1977-03-31 11 AP SEOUL, Wed. A South Korean purchase mission, led by Commerce and Industry Minister Chang Ylejoon. will leave for the United States on Friday with an Impressive shopping list consisting mostly of plant facilities. Officials said the mission is sent in response to American requests that KoreaAP - 123 words
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401 1977-03-31 11 NYT Reuter UPI LUANDA. Wed. Three top African black nationalist leaders who held talks with Soviet President Nikolai Podgorny in Lusaka. Zambia, two days ago. today flew In to Angola for talks with visiting Cuban leader Fidel Castro Angola's official news agency AngopNYT; Reuter; UPI - 401 words
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Article98 1977-03-31 11 Reuter MANILA. Wed. The Asian Development Bank (ADB) said it was making a technical assistance grant of US$5OO,OOO (551.23 million) for the establishment of a rice genetic resources laboratory at the International rice research institute near here. The Institute's Genetic Evaluation and Utilisation (GEU) programme IncludesReuter - 98 words
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260 1977-03-31 11 AP HONGKONG, Wed. The independent Chinese language daily, Ming Pao, reported today that China will hold an important central political meeting In Peking soon that will decide the fate of former Senior Vice Premier Teng Hsiaoping and the now disgraced "Gang of Four". MingAP - 260 words
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Article382 1977-03-31 11 FOOD STILL A MAJOR PROBLEM UPI WASHINGTON, Wed. Bangladesh is making an economic recovery, but food production and population control will remain major problems for the foreseeable future, M. Salfur Rahman, the top Bangladesh commerce and foreign trade official, said yesterday. Mr Raman, here toUPI - 382 words
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391 1977-03-31 11 KUALA LUMPUR, Wed. Japan today agreed to extend a MJS.I million grant for the construction of an Asean tyre development and testing laboratory In Malaysia. The laboratory, which will be located at the Rubber Research Institute's Technology Centre In Sungel Buloh, Is391 words
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Article130 1977-03-31 11 AP BANGKOK, Wed. Thai police arrested four more government officials and four newspaper columnists yesterday in a continuing roundup of persons suspected of plotting last week's abortive coup. Juridical Council deputy secretary Dr. Amorn Chandarasomboon and seven others were detained at a police stationAP - 130 words
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Article166 1977-03-31 11 HOLIDAY Inn Hotel In Singapore said it has saved $5,000 a month, or five per cent of Its power bill following the formation of a resource management committee last December. Activities of the committee centre mainly on the training of supervisory staff on efficient energy166 words
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601 1977-03-31 11 UPI AGANA. Wed. The Guam legislature Is trying to lure American businessmen from Asian capitals. A bill under consideration offers American businessmen now based In sach places as Tokyo, Hongkong or Manila a tax incentive to move their operations or residence to this AmericanUPI - 601 words
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Article56 1977-03-31 11 THE National Productivity Board will organise an industrial engineering module one (methods Improvement) course next month. The 10-sesslon course, lasting a total of 25 hours, will be held at the NPB Town Training Centre, Hotel Royal-Ramada from April 18 to 29. In-plant training, held at participants' firms,56 words
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121 1977-03-31 11 LAST year, for the second year In succession, Indonesia, with 245,700 visitors, was Singapore's top tourist market. Close behind the Indonesians were the Australians with 217,000 visitors. Others In the top five were the Japanese 139.500), Americans (122,300) and Malaysians (115,300>.» In 1976, a121 words
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Article147 1977-03-31 11 THE Labour Minister. Mr. Ong Pang Boon, will attend the opening ceremony of a large American toy manufacturer at Toa Payoh this morning. The firm. Aurora Products Corp. Asia Pte Ltd. manufactures toy electric cars and employs 1,100 workers. It Is wholly Ameri-can-owned and markets Its147 words
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Advertisement801 1977-03-31 11 iiihi:#]; 2 DMT S4LE FRANCES CREEK IRON MINING CORP. IN LIQUIDATION COMPLETE TOWNSHIP, MINE BUILDINGS, MODERN POWER STATION, STORES, ETC. At the Site FRANCES CREEK VIA PINE CREEK Northern Territory, Australia. Under instructions from I.D. Ferrier (Chartered Accountant) Official Liquidator. MONDAY I TUESDAY, APRIL 18-19 Modern Power Generating Station Complete801 words
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Advertisement177 1977-03-31 11 APPOINTMENTS FAIRCHILD SINGAPORE PTE. LTD. INVENTORY CONTROL SUPERINTENDENT Immediate opening is available for an Inventory Control Superintendent who possesses the following pre-requisites-QUALIFICATIONS AND EXPERIENCE Business Administration/Science degree or equivalent with a working knowledge of computer applications. Minimum two years working expedience in inventory control or related fields. RESPONSIBILITIES The successful177 words
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405 1977-03-31 12 Reuter SONGKHLA. Wed. Three Malaysian soldiers were killed and four seriously wounded yesterday during Joint operations with Thai forces against communist guerillas in southern Thailand, it was announced here today. The Malaysian commander of operations. Major-General Datuk Mahmood Sulaiman, told reporters InReuter - 405 words
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269 1977-03-31 12 UPI HONGKONG, Wed. Militia units have been mobilised in some parts of China to join the fight against the nation's worst drought in more than a quarter-century. The Mobilisation of militia units, in urban and rural areas, came a week after regular army unitsUPI - 269 words
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Article765 1977-03-31 12 LONDON. Wed Government bonds made strong headway, gaining up to 3-1/2 points In a market short of stock Favourable market response to yesterday's UK budget, stronger sterling and lower interest rates contributed to the advance, dealers said Trading in bonds was particularly heavy. There was moderate two-way trading765 words
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424 1977-03-31 12 KUALA LUMPUR, Wed. The Malaysian Estate Owners' Association today called on the Government to set up an organisation to undertake research Into all aspects related to the palm oil Industry without any further delay. Its president Mr. Heah Hock Khoon said in his address424 words
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532 1977-03-31 12 SINGAPORE last year exported more rubber than all the ports of West Malaysia combined but contrary to popular belief, the vast proportion of Singapore exports is not transhipments from West Malaysia but from other Asean and South-east Asian countries, principally Indonesia. Latest figures from532 words
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571 1977-03-31 12 VALUATION of a company's land and buildings at market prices will reduce the risk of the firm falling prey to asset-strippers. This is one of the benefits of inflation accounting under the current cost method spelt out yesterday by Mr. D.N. Idris Pearce, a571 words
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Article511 1977-03-31 12 ORGANISATIONS have discovered again and again that money alone does not buy efficiency and commitment of their employees. They have realised that Job designs must change simply because the needs of the workers have changed. In a society educated to a high level, there Is an511 words
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314 1977-03-31 12 Reuter ISLAMABAD, Wed. Pakistan'! Prime Minister Zulfikar Ali Bhutto, in a major government shakeup after winning the general elections, dropped five former ministers from a new and expanded federal cabinet announced here today. Those axed included Syed Nazir Ali Shah Rizvi, secre-tary-general of Mr.Reuter - 314 words
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499 1977-03-31 12 UPI LONDON, Wed. Britain's trade unions have snubbed the Labour Government's offer of a big tax cut In exchange for a third successive year of pay curbs. "There is going to be some hard bargaining to get the work force ofUPI - 499 words
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423 1977-03-31 12 AP Reuter PARIS. Wed. French Insurance companies hold 16.18 percent of the Insurance risk on the Pan Am and KLM Jumbo Jets that collided at Santa Cruz De Tenerlfe, about the same proportion as that of British firms, company sources hereAP; Reuter - 423 words
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Advertisement144 1977-03-31 12 There's only one accurate answer lo complicated calculations SHARP Calculators Sharp Calculators have a host of methods to help you improve efficiency, save capital and expensive time. CS-4152 14 digits, 1 memory, Display with print/non-print switch counter Right shift key Constant and complex calculations CS-2108 $170 12digits. 1 memory, V144 words
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