The Business Times, 2 April 1977
1977-04-02
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The Business Times
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Title Section10 1977-04-02 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, APRIL 2, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article85 1977-04-02 1 Reuter SALISBURY, Fri. White-ruled Rhodesia's new race laws came Into effect today giving the country's six million blacks greater freedom to mix with whites. The new laws ODen ud all but about one per cent of the land to blacks seeking to buy homes or farms. Hotels,Reuter - 85 words
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Article55 1977-04-02 1 AP NEW DELHI, Frl. India's new Government said today It will Investigate the financial dealings of former Prime Minister Indira Gandhi's controversial son Mr. Sanjay. Home Minister Charan Singh told Parliament the Investigation will focus on Mr. Sanjay's activities in setting up a huge car assembly plantAP - 55 words
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Article64 1977-04-02 1 UPI WASHINGTON, Frl Unemployment in the United States returned to a post recession low of 7.3 per cent In March as many workers were recalled from lay-offs caused by the severe winter, the Labour Department reported today. The 0.2 per cent drop brought Joblessness down to theUPI - 64 words
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Article39 1977-04-02 1 Reuter SADAO, Fri. Communist guerillas today ambushed and killed one Thai border patrol policeman and seriously wounded two others who were participating in Joint operations with Malaysian forces in southern Thailand, Thai officers said here. ReuterReuter - 39 words
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Article61 1977-04-02 1 Reuter N'DJAMENA (Chad), Fri Troops of the Chad army rebelled and stormed an army base near the presidential Dalace during the night but were twice beaten off, informed sources said. They said eight people were killed when about 60 soldiers members of the army's nomad guard attackedReuter - 61 words
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Article64 1977-04-02 1 Reuter LONDON, Fri. Secretary of State Cyrus Vance today defended US proposals for curbing nuclear weapons after a strongly worded attack by Soviet Foreign Minister Andrei Gromyko. Mr. Vance, who was briefing British ministers on his inconclusive talks In Moscow, also expressed the hope that the US andReuter - 64 words
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Article40 1977-04-02 1 UPI BONN, Fri. Egyptian President Anwar Sadat and West German Chancellor Helmut Schmidt agreed today that the setback In Sovlet-Amerl-can arms talks should not be allowed to affect the search for peace In the Middle East. UPIUPI - 40 words
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Article42 1977-04-02 1 UPI NEW YORK, Fri. Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 Indus 925.35, up 6.24; 20 transp 224.29, up 1.32; 15 utils 106.44, up 0.42; 65 stocks 305.08, up 1.84. UPIUPI - 42 words
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Chief Price Changes
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Article, Illustration171 1977-04-02 1 SHARES closed firm in active trading in the Stock Exchange of Singapore yesterday. Speculative interest was concentrated on the lower-priced shares, which moved up appreciatively. At the close, the Business Times index showed a gain of 4.31 points at 260.90 while the Straits Times Industrial index moved171 words
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Article107 1977-04-02 1 Rises Most active Roxy Elect. 11.80 .10 Central Sugars Haw Par 216,000 183.000 M, Flour Set. Dredging Chersonese U.O.B. Tronoh $2.73 $4.00' SI. 68 $3.16 $3.44 .08 .08 .08 06 General Lumber 153,000 Pan Electric 58,000 Total Turnover: 1.28 M .06 Total Value: MS2.11 M Hume (FE)107 words
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844 1977-04-02 1 QUEK PECK LIM - OFFERS AND COUNTER OFFERS By QUEK PECK LIM ANOTHER plantation company has become the subject of a hotly contested bid between a small Malaysian company and a big Lon-don-registered plantation group from the Slme Darby stable. The offers for the shares of Batu844 words
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631 1977-04-02 1 UPI RAS TANURA (Saudi Arabia), Fri. There are Increasing Indications that Saudi Arabia will be unable to hold the line on the five per cent oil increase It posted In defiance of most other Organisation of Petroleum Exporting Countries (Opec), whichUPI - 631 words
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504 1977-04-02 1 LOANS from banks grew substantially In February, In excess of bank deposits, thus becoming the main expansionary factor accounting for growth In money supply, according to the Monetary Authority of Singapore (MAS) in Its monthly statistical release. Bank lending rose by504 words
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420 1977-04-02 1 RIGOROUS new regulations have been implemented by the National Maritime Board (NMB) to regulate and promote the employment and welfare of seamen and to Instil a higher degree of discipline among registered seamen. The National Maritime Board Regulations 1977 which came into effect420 words
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Article49 1977-04-02 1 Reuter KUALA LUMPUR, Frl. The Straits tin price In Penang advanced MSSO per plcul to $1,475 $150 above the International Tin Agreement celling. The main factor in today's rise was the low volume of metal concentrates offered by miners. Turnover fell to 173 tonnes from 257. Reuter.Reuter - 49 words
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249 1977-04-02 1 TRADE protectionism will be a likely topic for discussions in Brussels next week when Asean ministers, industrialists and bankers meet their European counterparts in a "getting to know you" session at the EEC-Asean conference beginning on Monday. Minister for Foreign Affairs Mr.249 words
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Article55 1977-04-02 1 FUJITEC of Japan has been admitted to the official list of the Stock Exchang* of Singapore under the industrial sector of the first trading section, making it the first equity to be listed on the market this year. Trading in the company's Singapore depositary shares will start on55 words
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416 1977-04-02 1 Reuter BANGKOK, Frl. Britain and Thailand, locked In a dispute over seating capacity on the lucrative Bangkok-Hongkong-Tokyo route, today took retaliatory measures against each other's alrllqes. Informed sources said the Thai Government told the British-owned Hongkong airline, Cathay Pacific Airways (CPA) onReuter - 416 words
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127 1977-04-02 1 AP MANILA, Fri. The World Bank group is establishing a regional office in the Philippines to cover the Southeast Asian area and Korea, a World Bank official said today. The World Bank group, which includes the International Finance Corporation (IFC), is one ofAP - 127 words
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Page 1 Advertisements
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Advertisement45 1977-04-02 1 lor your Best Selected (Jem e-Cut Diamonds t. xquisite Jc <>] Magnificent Craftsmanship 1 Visa Market Review«/ TV Radio Newa/Feature* Local Co New« International Co Newt Local Stocks Oversea* Stock* —P7 —P2 Commodities —P8 Transport A Communication* Feature* —PlO —P5 Local Oversea* -P« New* PH. 1245 words
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Advertisement99 1977-04-02 1 I •11 J\ji •1 m 1*0" Braun Synchron Plus Braun's Synchron Plus. For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern of cutting holes and slots.99 words
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Advertisement155 1977-04-02 1 101I1S THE PERFECT INVESTMENT FOR SALE MAJOR INDUSTRIAL PREMISES IN JURONG Suitable for a wide range of general and heavy industrial purposes. Accommodation comprises Administrative office block 1,384 sq. m. (2 storeys) (14,900 sq. ft.) Canteen and Laboratory 669 sq. m. (7,200 sq. ft.) Single storey manufacturing 11,026 sq. m.155 words
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MARKET REVIEW
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Article285 1977-04-02 2 THE strong undertone of the stock market this week enabled It to absorb the Impact of the national wage case decision without any serious erosion In share prices. Observers attributed this to the fact that a wage rise had been discounted already and to market relief that the eventual285 words
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409 1977-04-02 2 RONALD LAM - Compiled by RONALD LAM OTHER ANNOUNCEMENTS Ben's new stock units of 40 cents each issued under its capital reduction scheme, will resume trading on the Stock Exchange of Singapore on Monday April 4. The company's new 21,552.000 stock units of 40 cents409 words
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Article548 1977-04-02 2 IVAN FALLON - LONDON By IVAN FALLON AT 330 p.m. on Tuesday, Chancellor Denis Healey rose to deliver his tenth and quite possibly his last budget speech In three years. For more than a week the London stock market had gone quiet in front of It as brokers548 words
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Article223 1977-04-02 2 FOR months London brokers have been receiving orders from Tal Cheung In Hongkong to buy shares In British Land and for months they have been wondering what It was about and when Cheung would declare It. Cheung has apparently used Vlckers da Costa, Hoare, James223 words
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256 1977-04-02 2 HONGKONG property companies were In the news in more ways than Cheung this week. Apart from the figures from Hongkong Land, we had the announcement that Swire Pacific Is preparing for a London quotation for Its property interests. Now. this has created quite256 words
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Article186 1977-04-02 2 THE supporters of the Harrisons plan for the merger of Its "three sisters" are looking more and more pleased with themselves. Not only has Harrisons Malaysian Estates (HME) now got over 90 per cent of Golden Hope (and over 85 per cent of the other two186 words
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Article300 1977-04-02 2 THE Kuala Lumpur Stock market closed steady this week following renewed speculative Interest in some lower-priced shares from mid-week. The market had appeared bent on continuing the downturn of last Friday when It ruled easier on Monday. Shares then drifted for the better part of the day as300 words
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310 1977-04-02 2 Reuter BALTIMORE, Frl. Mr. Thomas A. Murphy chairman of General Motors said yesterday that a six-month investigation by the world's largest automaker had turned up no evidence of Illegal or unethical business practices. Mr. Murphy said the Investigation showed that GM has "consistently conductedReuter - 310 words
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Article, Illustration1123 1977-04-02 2 WITH the bulls generally keeping a low profile, the month of March proved to be yet another unfavourable trading period for investors on the Stock Exchange of Singapore. It was the third consecutive month that share prices had been on the slide. This is Indeed a rare departure from1,123 words
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Page 2 Advertisements
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Advertisement92 1977-04-02 2 The stunning new bestseller C-7 jm A aaa A Mmm <' 'w -v v jI- *mm *V mm -M ,J£ i raM *m *.> .»*>*. k z i?. ftx. h>. *C s V <■• --'N V^v *?T Igs^gl '€i£Lt.z m m m% M > :i t? -r-..\ Peter Benchley v92 words
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Page 2 Miscellaneous
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Miscellaneous15 1977-04-02 2 I BriStoW":?ratnjc DickenS NO NO i Tupiinik me #3. >jooc rwtMet. IDOL LOOKS R6e BRCt15 words
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Miscellaneous54 1977-04-02 2 I THE WEATHER i WEATHER report for 24 hours prior to 7.30 p.m. on April 1 at Singapore airport. Maximum Temperature 31.4° C Associated Humidity 62 Minimum Temperature 24.8 E C Associated Humidity Hours of Sunshine 3.20 Rainfall in Millimetres 2.5 Total Rainfall for the Month 2.5 Total Rainy Days54 words
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Miscellaneous310 1977-04-02 2 THE BEST THE WORST PERFORMERS RADIO TV SINGAPORE 5 1.00 P.M. Opening Announcements followed by Sesame Street 2.00 Cartoon Corner 0 2.10 Saturday Matinee The Killing Starring: Sterling Hayden, Coleen Gray, Vince Edwards 3.30 Soccer Malaysia Cup (Preliminary Round) Singapore Vs Malacca (English) 4.30 Stars In Action Witness To Condemn310 words
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OVERSEAS
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Article207 1977-04-02 3 Reuter WASHINGTON, Fri. Japanese colour television manufacturers are stepping up their exports to the United States despite recent conciliatory remarks by Prime Minister Takeo Fukuda to President Carter, a domestic coalition of manufacturers and labour officials said yesterday. The Committee to Preserve AmericanReuter - 207 words
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Article477 1977-04-02 3 Rome, Fri. Reuter ITALY'S Gross Domestic Product rose 5.8 per cent In 1976, after falling 3.7 per cent in 1975, the government said. Reconstltutlon of stocks played a major role in the Increase in GDP, as in other industrialised countries, the government saidReuter - 477 words
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187 1977-04-02 3 FRANKFURT, Fri. France will be fortunate if It can limits its inflation rate to eight or nine per cent this year compared with the government's target of 6.5 per cent after 9.6 per cent In 1976, Mayor of Paris and former French Prime Minister Jacques187 words
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Article196 1977-04-02 3 Reuter WASHINGTON, Fri. The House of Representatives overwhelmingly approved a Bill giving Congress authority to rule on acquisitions for the national strategic stockpile and ordering the establishment of a commodity bartering programme. The vote was 373 to 24 and came with no debate on the proposal.Reuter - 196 words
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Article586 1977-04-02 3 APPARENT CONTRAST TO FUND'S RATE NEW YORK, Friday Reuter THE decline In the United States money supply reported yesterday by the Federal Reserve Bank could limit pressure on the Federal reserve to firm monetary policy, analysts said, and was reflected In gains in credit marketReuter - 586 words
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Article117 1977-04-02 3 Reuter NEW YORK, Frl. Office of Management and Budget director Bert Lance said spending shortfalls are continuing by the US Government. Mr. Lance said at a financial reporters lunch here he could not tell how much spending levels will be reduced this year, although he saidReuter - 117 words
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354 1977-04-02 3 Reuter OTTAWA. Fri. Canadian Finance Minister Donald Macdonald told the House of Commons the Government will cut personal and corporate taxes by USSI.I7 billion and will maintain wage and price controls until October this year. Mr. Macdonald said the budget is designed to stimulateReuter - 354 words
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289 1977-04-02 3 Reuter MOSCOW, Fri. The Soviet Union Improved its trade position with the rest of the world last year but still ran up deficit of almost three billion roubles (about Ss9 billion) with the West, according to official figures released yesterday. The deficit with theReuter - 289 words
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Article, Illustration1606 1977-04-02 3 Reuter BRUSSELS. Frl. The high hopes which inspired the European Common Market only a few years ago have given away to disillusionment and even suspicion. Like lovers spurned, people who once believed that the Community would usher in a new era ofReuter - 1,606 words
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Page 3 Advertisements
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Advertisement478 1977-04-02 3 ?< i £v< «j*;f v fiin > r 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 fabric478 words
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COMPANY NEWS
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Article739 1977-04-02 4 WITHIN the space of 11 days, the forecast of a fullyear group profit of M 53.5 million by Supreme Corporation has been upset. While the upset is a very pleasant one for shareholders with profit now expected to be very much above the forecast, it is739 words
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Article631 1977-04-02 4 Current Ex Date Total for Total for payment Date payable they««r previous y« Yeo Hiap Seng (M) 10% Feb 25 Apr 4 10% 6% Gopeng Con. 14% Apr 4 52% 44% Pengakalen 20% Apr 4 55% 70% Yeo Hiap Seng 10% Mar 14 Apr 6 10% 10.6% U.A.C.631 words
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Latest results
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Article44 1977-04-02 4 Audited group pre-tax profit M 55.09 million ($5.6 million) for the year ended Oct 31, 1976. Depreciation $131,986 ($131,857) and taxation $1.93 million ($2.51 million) leaving after-tax profit $3.16 million ($3.09 million). Final dividend eight per cent (same) payable on May 24.44 words
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Article16 1977-04-02 4 Pre-tax profit M 5268.641 ($130,822) for the first half-year ended Dec 31, 1976.16 words
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Article23 1977-04-02 4 Group pre- tax profit M 5321,116 ($45,253) on sales $995,054 ($589,785) for the first six months ended Dec 31, 1976.23 words
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Article41 1977-04-02 4 Unaudited group net loss $1.82 million ($5.17 million) on turnover of $5.28 million ($17.68 million) for the first six months ended Dec 31, 1976. Parent company net loss $1.87 million ($5.17 million) on turnover of $720,095 ($17.69 million).41 words
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Article72 1977-04-02 4 INCH Kenneth Kajang Rubber said the UK Treasury has confirmed It Is not subject to UK dividend restraint limiting increases to 10 per cent per year. Taking Into account preliminary profits figures, which are subject to audit, there are indications that the total 1976 distribution may be 3072 words
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Article312 1977-04-02 4 ESTIMATED pre-tax profit at Castlefield (Klang) Rubber Estates one of the few remaining UK-based plantation companies listed on the Kuala Lumpur Stock Exchange, showed a Jump of nearly 56 per cent in the first half-year ended Dec 31. 1976. It's earnings of £304,000 [at the312 words
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Article581 1977-04-02 4 THE renewed slowdown in the plywood market towards the end of 1976 has left the industry In two minds, particularly, in the case of those companies which had benefited from it. Olympia Plywood and Timber Products ranks in that category. After reporting a smart581 words
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Article184 1977-04-02 4 MR. Lim Peng On and Mr. Stanley Tan of United California Bank's Singapore branch will make study visits to the Bank's overseas offices in April. Mr. Llm leaves on April 1 for a six months advanced course with the bank's offices in London and New York, and184 words
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COMPANY MEETINGS
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Article22 1977-04-02 4 Cycle Carriage Ltd.: THE following company meetings are due: Apr 5, 2.30 p.m.. Conference Room, Mandarin Hotel, 333 Orchard Road. Singapore 9.22 words
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Article15 1977-04-02 4 Apr 9, 12 noon. Registered Office, No. 92. Jalan Bandar, Kuala Lumpur.15 words
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19 1977-04-02 4 Apr 11, 10.30 a.m., Registered Office, No. 64 A, Jalan Bukit Bintang, Kuala Lumpur.19 words
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Article17 1977-04-02 4 Apr 14, 11 a.m., 3rd Floor, Bangunan MBSB, 13/15 Leboh Ampang, Kuala Lumpur.17 words
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Article14 1977-04-02 4 Apr 15, 10 a.m., 45 Spottlswoode Park Road, Singapore 2.14 words
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911 1977-04-02 4 ROBERT LINDSEY - By ROBERT LINDSEY NYT SOUTHERN California's sizzling real-estate market has produced a new kind of commodities speculator who deals in new homes. Investment syndicates are buying homes as fast as they are built In some communities and selling them a year or so laterNYT - 911 words
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Article1393 1977-04-02 4 On March 31 TRADING in Options on the Chicago Board Options Exchange was 87,199 contracts compared with 91,482 contracts on Thursday. OPTION APL JLY OCT STOCK Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AtlR AtlR AUR Avon Avon Avon Bank Am Bank Am Bank1,393 words
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587 1977-04-02 4 AFTER trimming several loss-making units the main cause of Its very poor performance in the past two years from the group in 1975/76, William Jacks (Malaya) has made it back into the black in the first half of the current year ending June 30,587 words
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437 1977-04-02 4 NYT NEW YORK, Fri. When the Food and Drug Administration first announced its proposal for a saccharin ban more than two weeks ago, the Cumberland Packing Corporation, makers of "Sweet 'n' Low," planned to shut its Brooklyn factory and lay off 500 workers. ButNYT - 437 words
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Page 4 Advertisements
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Advertisement189 1977-04-02 4 COLLECTINQ Oriental Antiqmej by Judith Moorhouse and Dries Blitz r, ra Hamlyn Group, London. j r m 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. This189 words
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INTERNATIONAL COMPANY NEWS
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986 1977-04-02 5 Reuter LONDON, Frl. British Petroleum chairman Mr. David Steel said the company looks forward to more Erofltable times, with the K Forties Field now producing 400,000 barrels a day and Alaskan OH due to start flowing in the middle of this year. Alaskan productionReuter - 986 words
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Article279 1977-04-02 5 Reuter MELBOURNE, Frl. Discussions with the Western Australian and Federal Government on a go ahead for developing the North West Shelf gas reserves have reached a stage where early agreement is expected, Woodside-Burmah Oil said In its annual report for the 1976 calendar year. TheReuter - 279 words
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Article284 1977-04-02 5 BRUSSELS, Fri. Cockerill. which produces a third of all Belgian steel, managed to halve Its net losses for 1976 to 8.Fr5.1.9 billion compared to 8.Fr5.3.9 billion the year before. But for the second successive year, the company Is not paying a dividend. This somewhat negative284 words
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146 1977-04-02 5 Reuter WASHINGTON. Frl. Majority-owned foreign affiliates of US companies expect to increase capital spending 12 per cent this year to US$2B.9 billion following a decline of four per cent in 1976, a Commerce Department survey shows. The planned Increase for 1977 IsReuter - 146 words
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Article99 1977-04-02 5 Reuter SYDNEY, Fri. PekoWallsend said its gold output In the 36 weeks ended March 15 fell to 111,653 ounces from 151,785 in the previous corresponding period while Bismuth output fell to 238,020 kilos from 478,225. Tungstic oxide output however rose to 150,452 metric tonne units fromReuter - 99 words
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Article161 1977-04-02 5 Reuter MILAN, Frl. Industrie Pirelli Spa debt rose to 296 billion lire at end 1976 from 277.4 billion at end 1975, but net losses were cut to two billion from 27.4 billion, parent company Pirelli Spa said. Net losses were calculated after tax and interest chargesReuter - 161 words
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Article47 1977-04-02 5 Reuter HONGKONG, Frl. Jardine Matheson said Its subsidiary Gammon (Hongkong) sold all of the Issued shares of Sutherland Properties to Cheung Kong (Holdings). Cheung Kong will take over management of the company with effect from today. No further details of the transaction were Immediately available. Reuter.Reuter - 47 words
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217 1977-04-02 5 Reuter LONDON, Frl Pre-tax profit at Lucas Industries rose to £34.67 million for the first half-year ended Jan 31. 1977 from £21.04 million previously. The 65 per cent rise In earnings was achieved on sales of £418.25 million against £327.45 million last time. After-tax profitReuter - 217 words
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Article189 1977-04-02 5 Reuter HONGKONG, Fr'l Hongkong and Kowloon Wharf and Godown turned In a consolidated net profit of HK567.3 million for 1976 compared with $60.2 million in 1975. This raises Its earnings per share from 70 cents to 78 cents. As a result, the company is raising its finalReuter - 189 words
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130 1977-04-02 5 FRANKFURT. Fri —Commerzbank has reported a net profit of 159.3 million marks for 1976 compared with 145.5 million marks In 1975. At the group level, net profit came to 225.2 million marks against 189.2 million marks. The bank's balance sheet showed total assets of 42.09 billion130 words
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Article959 1977-04-02 5 IMPACT OF KODAK'S ENTRY FT CAMBRIDGE, Mass.. Frl. Only time will tell Just how big an Impact Kodak's entry to the Instant photography market will have on Polaroid, until recently the only company in the field. But in tne meantime there is one major questionFT - 959 words
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Article892 1977-04-02 5 NYT NEW YORK, Frl. Shares of Walt Disney Productions have dropped dramatically from levels of a year ago. reflecting a slowdown in earnings gains and heavy selling by Institutional investors, which had long favoured the shares. Disney dipped to 34%. off on Wednesday, on a turnoverNYT - 892 words
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Page 5 Advertisements
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Advertisement512 1977-04-02 5 Socialism T .The Singapore way In May 1976, the ruling People's Action Party in Singapore made a strong stand against serious allegations by the Dutch Labour Party at the meeting of the Bureau of the Socialist International in London. It culminated in C.V. Devan Nair, the PAP's special representative to512 words
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Article2043 1977-04-02 6 1*77 High Low Last Company Sale +orGr'» div Div c'tt Gr'i y'M Not P/E Vol Day Hi(k Low SECTION ONE INDUSTRIALS 1 14« 133 204 76 212 198* 163 219 392 130 127 204 61 212 168 155 182 366 Acma Acma A Alcom Allied Choc Bata2,043 words
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Article1153 1977-04-02 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 Board1,153 words
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Article1316 1977-04-02 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 Aetna (1.478) LtrtaH (0.428 0.488) Alii Maid (0.128) A CIMC (01,316 words
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Article149 1977-04-02 6 STRIKING price« of the •tock option* officially Hated on the Stock Exchange of Singapore, the periods, bid and offer price* and business done yesterday, with the number of option* traded shown in brackets. C and C (June 51.90) (0.10B). (Sept $1.90) (0 15B) (D«ec $1.90) (0 20B) D.B.S.149 words
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Article160 1977-04-02 6 SINGAPORE UNIT TRU ST INCOME BOND UNIT (Manager*' prim for Apr 4) (Current price*) The Commerce 1.75 1.85 INCOME BOND 1 04 1.10 The Saving Fund 0.89 0 94xd MARA BUMIPUTRA FUND S pore Prog Fund 0.78 0 .83 S pore Security Fund 1.45 1.53 (Manager*' price* for160 words
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Article171 1977-04-02 6 B O T 8 1/2% 1981 (100,000) (102 3 «B 103',5) D B S 8 \/2% 1982 (100,000) (100'«B 100 3 «S) DBS Converts 6 1 /2% 1991 (100,000) (97'«8 98S) E I 89% 1982 (100.000) (103'48 104'»S) E I B 8 1/4% 1983 (100.000) (100',B 100HS) I171 words
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Article78 1977-04-02 6 5 l/27c 15/4/78 (1,000.000) (101 608 101.70S) 5 1/4% 15/7/78 (1,000.000) (101 508 101.60S) 7% 1/7/79 (1.000,000) (104.808 104.955) 5 1/2% 1/10/77-79 (1.000,000) (101.508 101.60S) 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% T F 15/4/81 (1,000,000)78 words
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Page 6 Advertisements
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Advertisement414 1977-04-02 6 THE GREAT BOOKS of the beautiful, durable bindings Is the M A MMM 1A 1 the fundamental ideas of KkM mmwMm. MM I I M history, psychology, WW MIW WW^rilHV Here in beautiful, durable bindings Is the whole record of the fundamental Ideas of mankind science, history, psychology, mathematics, theology,414 words
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Article568 1977-04-02 7 FIRM trading conditions prevailed at the Stock Exchange of Singapore yesterday when moat of the lowerpriced shares were marked up significantly. Unlike the trend earlier this week, buyers dominated trading for the better part of the day. Some profit-taking in the afternoon was easily absorbed. With568 words
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Article88 1977-04-02 7 MOST ACTIVE MARCH STOCKS: Haw Par (6,373,000); Central Sugars (4,882,000); Slme Darby (4.311.000): Pan Electric (2,120,000); U.O.B. 1,668,000); Inchcape 1.317,000); Oentlng Highlands (l,auu,uuu>; D B S. (1,018,000); Highland Lowland (763,000); O.C.B.C. (742,000); U.O.L. (694,000); Harlmau Investments (532,000); Consolidated Plantations (462,000); Wearnes (436,000); and U.O.B. (A) (352,000). MARCH turnover88 words
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Article352 1977-04-02 7 THE Kuala Lumpur Stock Market continued to reflect a steadier bias yesterday, although buying sentiment appears to have tapered off. With no fresh interest, conditions remained dull and featureless throughout the day and the volume of business also dropped slightly to 1.28 million units against 1.32 million352 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1144 1977-04-02 7 NEW YORK: A government report of lower weekly retail sales and another rise In farm prices pushed stock prices lower again on Thursday In continued light trading. The market, firm most of the session, began Its decline In the final hour when the commerce department reported US retail1,144 words
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Article342 1977-04-02 7 FRANKFURT: Shares were mixed with a slightly higher bias In quiet trading, market sources said on Thursday. Electrlcals lost up to 1.50 marks, while engineerings were little changed to firmer. Motors were mixed with BMW gaining 2.50 marks and VW losing 0.40. Steels firmed up to 1.50, though Hoesch342 words
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Article282 1977-04-02 7 AMSTERDAM: The market weakened in quiet trading on Thursday, Hoogovens led the decline In Dutch internationals but Philip* was steady. Elsewhere, declines were headed by Bob. Naarden and Giessen. Major gains against the trend were KLM and banks. Insurances were mixed. State loans weakened. MAR 11 Fls Ahold 87282 words
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Article303 1977-04-02 7 TORONTO: The market recovered after early weakness and closed higher In light to moderate trading on Thursday, with advances outpacing declines by 232 to 167. Ocelot Industrie* B gained 1/4 to 8-7/8 after reporting higher six months net but Cop/band Systems fell six cents to 65 cents on a303 words
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Article298 1977-04-02 7 ZURICH: The market closed narrowly mixed with a firmer bias, dealers said on Thursday. Swissair bearer moved sharply higher on sustained buying support. Leading banks posted small gains, while flnanclals were steadier led by Bally and Oerlikon-Buehrle. Landis registered, however, was subject to proflttaklng. Small gains and losses were298 words
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Article378 1977-04-02 7 PARIS: The market closed lower on Thursday. The franc's continued firmness In the foreign exchange market and the 1/8 fall in call money to 9-1/2 per cent did not help, dealers said. Simco, In the property sector, was one of the few shares to rise with a three per378 words
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Article454 1977-04-02 7 TOKYO: Share prices declined sharply on Friday in line with Wall Street and In reaction to Thursday's rise, dealers said. The Dow Jones average lost 35.25 to close at 5.001.21. with volume 360 million shares. The New index closed at 372.82, down 2.85. Export-oriented shares declined on the Wall454 words
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Article410 1977-04-02 7 SYDNEY: The market closed mixed after initial gains were pared by profit taking, dealers said on Friday. The Sydney All-Ordlnarles Index rose 0.52 point to 443.33. BHP rose four cents to $6.80, Myers six cents to $2.03 and lAC three cents to 54 cents, while CSR, Tooheys, Fairfax and410 words
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Article452 1977-04-02 7 HONGKONG: The market closed higher on Friday, led by blue chips on fresh buying interest In active trading, dealers said. The Hang Seng index rose 7 32 points to 424.59. They said this week's series of company 1976 results and a subsidence of selling of some blue chips were452 words
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Article366 1977-04-02 7 JOHANNESBURG: The market was quiet on general lack of Interest and no budget reaction dealers said on Thursday Gold shares firmed In line with the higher bullion price in quiet trading. Financial minings were marginally higher and coppers and platinums were little changed. De Beers was actively traded on366 words
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Article186 1977-04-02 7 MANILA: Minings and oils made modest gains in slow trading but commercials were dull and slightly lower, traders said on Friday. Total turnover ro«-: 3.79 million pesos fro.n Thursday 2.21 million. Gainers were Acoje Mining, Atlas Con 'A' and "B", Lepanto "B", Philex "A", and "B", Oriental "A" and186 words
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Article187 1977-04-02 7 BRUSSELS: Most share prices fell following the Wall Street trend In fairly lively trading, bourse sources said on Thursday. Acec rose five per cent from Wednesday's close to 370 francs following the Westinghouae sale of 20 Der cent of Its stock. Delhaize was also higher on its dividend and187 words
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Article179 1977-04-02 7 MILAN: Stocks showed widespread gains in the wake of the government/ union compromise on wages opening the door to further IMF credit. Bourse source said Fiat shares rose following announcement of a 50 per cent increase in dividend, while Bastogi shares fell following announcement of poor 1976 results Both179 words
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Article102 1977-04-02 7 APR 01 Bahts Asia Fibre 1SI 412 Bangkok Bank 275 +20 Bangkok Invest 180 +4 Bangkok Metrounch politan Bank 2800S Bata 423 +2 Berll Juoker 222 11 Charoong Thai Wire 185 10 Dumex DusltThanl 180S Faber Merlin First Trust 140S Indo-Thal 185S +5 Industrial Finance Corp 1135 10 J102 words
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Article63 1977-04-02 7 FINANCIAL TIMES INDUSTRIALS Thursday 419.4 Wednesday 427.2 Week Ago 421.4 DOW JONES AVERAGE INDUSTRIALS Thursday 919.13 Wednesday 921.21 Week Ago 935.67 LONDON DOLLAR PREMIUM Thursday 113'* to 113%» Wednesday 113 to 113 V» H.K. HANG SENG Thursday 2 I Wednesday 416.15 Week Ago 419.37 SYDNEY INDUSTRIALS Thursday 357.99 Wednesday63 words
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Page 7 Advertisements
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Advertisement428 1977-04-02 7 ...THE SYNTOPICON 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, and428 words
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COMMODITY REPORTS AND PRICES
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Article391 1977-04-02 8 IN the Singapore rubber market yesterday, news that the House of Representatives approved the O S.A. Stockpile BUI took prices higher after an unchanged opening, dealers said. However, lack of followthrough buying caused prices to fall back slightly. Trading was quiet. Physicals were neglected. The391 words
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Article30 1977-04-02 8 Rubber: Apr 1 Singapore: April 201.50 cts (up 0.75 ct.) Malaysia: April 203.25 eta (up 0.50 ct) Tin: $1,475.00 (up $50.00) Official offering: 173 tonnes (down 84 tonnes)30 words
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Article147 1977-04-02 8 THE Straits tin price in Penang yesterday was up $50 to SI .475.00 per picul on an official offering down 84 tonnes to 173 tonnes. In LONDON on Thursday afternoon, tin on the day advanced by £120 for Cash and £125 for Three Months in both contracts. The147 words
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Article504 1977-04-02 8 THE following Palm Oil prices were quoted In London on The prices are cir Rotterdam and are quoted In US dollar per ton unless otherwise stated Thursday Prev. Malaysia 5% tfa bulk 630 sir June/July 620 sir Sumatra 5% Mch unch 613.50 pd Apt unch 620 pd May504 words
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Article104 1977-04-02 8 April May ft.A.S. (Current Mth) (Forward Mlh) Buyer Sellers Buyer* Sellers (cent* perk() (cents p* rk«) SSR20 (1-ton Pallet) 193 50 195 50N 195 00 197 00N SSR50 <1-ton Pallet) 191.00 193 OON 192 50 194 50N M.R.E.L.B. 227 OON SMR 5CV (1-ton Pallet) 222 00 224104 words
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Article312 1977-04-02 8 IN the Singapore gold market yesterday, the kllobar changed hands in the range of 5511,640 to 5511.890. The loco London gold opened at U*****.40/ 149.80 and eased under profit-ta-king and shortselllng to U*****.50/ 148.80 at the close. The London morning fix was $148.25 down 65 cents on the previous312 words
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Article250 1977-04-02 8 LONDON, Frl. On Thursday afternoon copper wirebars on the day rose by around £14.50 per tonne. The market remained buoyant on a small volume of short-covering and fresh buying support which found sellers generally reserved. dealers said. Values retreated marginally from the higher morning Kerb levels at the outset250 words
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Article157 1977-04-02 8 LONDON, Frl. On Thursday afternoon silver closed little changed In the range 279.5/280.5 pence for Spot and 285.5/286.5 pence for Three Months. Trading was generally uneventful throughout the day with only small price movements either way, dealers said. In NEW YORK on Thursday steady commission house and trade support157 words
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Article41 1977-04-02 8 LONDON, Frl. On Thursday afternoon, lead rose by mostly £4.50 per tonne. Values scored further gains on minimal fresh buying which lifted Three Months to £383 in the Ring and to £384 on the Kerb. Sales were only 1,000 tonnes.41 words
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Article35 1977-04-02 8 LONDON, Frl. On Thursday afternoon, zinc closed £8.50 up. This metal was also virtually neglected but values put on further mo- dest ground in sympathy with other base metals. Only 900 tonnes changed hands.35 words
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Article276 1977-04-02 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil Bulk >112 sellera. old drum 1120 sellers, new drum >125 sellers Copra: Mixed (looae) UK/ Cont. >75 buyers. Pepper Muntok ASTA white f o b. 100% NLW >407 s sellers. Sarawak white fob 98* NLW >387276 words
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Article348 1977-04-02 8 LONDON, Fri. Terminal closed the opening call steady at or near the session's highs which local dealer covering and scattered trade buying had established. Gains compared with last night's close ranged between £63 and £125 per tonne. May rose £63 at £3,873 while Jan 1978 gained £125 at £3,970.348 words
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358 1977-04-02 8 PARTICULARLY thin and featureless conditions within narrow price limits have continued to dog the markets as orders and pointers remained absent, leaving little room and incentive for traders, says Holiday, Cutter ft Bath In Its weekly review of the Singapore and Malaysia rubber markets. After358 words
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MONEY AND EXCHANGES
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Article529 1977-04-02 8 j AFTER taking an unexpected beating in the local 4 money market on ThursI day. traditional borrowers I of local funds yesterday lost I no time in covering open positions for the weekend. Overnight money opened at 3Vj per cent in the morning but shot up rapidly to a529 words
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Article161 1977-04-02 8 Asian rates ASIAN currency deposit Interbank rales as at close on April 1 U8 Dollar* (Spot) Offer Bid 7 days 5 1/16 415/16 1 mth 415/16 2 mths 51/4 51/8 3 mths 5 7/16 5 5/16 Bmths 5 1/2 9 mths 5 7/8 5 3/4 12 mths 6 3/16 61/16161 words
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Article48 1977-04-02 8 RANGE of price* offered by dlscount houses on April 1 Overnlfht 3* call deposit 3H CloaiM Sailing Bay 3-month 2\ Treasury bills S 3-Month 3 15/18 Bank bills 4 1/16 3-Month CD 4 3 /8 4 3/16 8-Month CD 4 1/3 4 S/16 Source: National Discount Co48 words
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Article170 1977-04-02 8 Euro rates LONDON, Frl. Day to day Eurodollar deposits and periods up to five months opened slightly easier while longer positions were little changed In customary quiet pre-weekend trading, dealers said. Rollover requirements and Interest In new month dealings were light with Initial easier levels ascribed to the tall In170 words
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Article218 1977-04-02 8 LONDON, Frl. Sterling drifted down to $1.7194/97 In early European currency dealing, amid moderate selling apparently triggered by the British Government's defeat in a local parliamentary election, dealers said. The Canadian dollar extended its late rally in North American markets, initially trading at U594.95/97 cents in London against 94.44/49218 words
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Article149 1977-04-02 8 NEW YORK, Thurs. The Canadian dollar showed late strength in fairly active trading here as market disappointment switched to optimism that Thursday night's Canadian budget will be neutral from earlier fears it will be inflationary, dealers said. The Canadian dollar closed at US 94.84/86 cents from 94.71/73 cents149 words
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Article136 1977-04-02 8 HONGKONG, Fri. The US dollar closed unchanged at HK54.6350/70 In very quiet trading, with short term money rates remaining easy, dealers said. They said most operators are unwilling to hold large US dollar positions ahead of next week's holidays. Other currencies were also quiet and little changed on their136 words
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Article73 1977-04-02 8 TOKYO, Frl. The yen strengthened on the local foreign exchange market, firming to 276.60 yen to the dollar from an opening 277.40 and 277.30 overnight. Dollars for immediate delivery closed at 276.95 yen, compared with 277.12 at the opening and 277.51 at yesterday's close. Forward dollar rates were lower73 words
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Article70 1977-04-02 8 Results of tender held on April 1,1977 for 91-day and 182day Bills. 91-day Bills to be Issued 182-day Bills from April 4 to be Issued to April 7 on April 4 Offered: $30,000,000 $20,000,000 Applied for: $89,400,000 $62,000,000 Allotted: $30,000,000 $20,000,000 Accepted Bids: $99.26 $98.43 approximately approximately70 words
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Article61 1977-04-02 8 Minimum lending rates (in ACBC 6\ First Chicago 6 Algemene Bank fl*. Citibank 6*« Bangkok Bank 7 HSBC 7 Bank of America 6*« Indosuez Bank of China 7 Malayan Banking 6 r Bank of Tokyo Mitsui Bank 6'. Bank Negara 1 OCBC Indonesia 7 OUB 6*4 Chartered Bank UCB 761 words
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Article52 1977-04-02 8 AUSTRALIA/NZ exchanges quoted on April 1 Australia: Sterling 0.6451/ 0 6381 US dollars 1.1060/ 1.1012 Ninety-day air mail buying rates: Sterling 0.6671 US dollars 1.1310 Ninety-day forward buying rates: Sterling 0.6454 US dollars 1.0950 New Zealand: Sterling 0.5588/ 0.5557 US dollars 0.9658/ 0.9558 Ninety-day forward rates: Sterling 0.5827 US52 words
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Article42 1977-04-02 8 ZURICH exchanges closing quotes on March 31 US 2.5435-5445 UK 4.3750-3780 Can 2.4045-4070 W Germ 106.48-57 Neth 102.03-12 France 51.19-23 Belg 6.94'/i-95'/« Denm 43.42-46 Norw 48.55-60 Swed 60.57-62 Italy 0.2867-2870 Austria 15.00-03 Port 6 58-60 Spain 3.70-70* Arg 0.70-85 japan 0.91Vi-9242 words
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Article34 1977-04-02 8 FRANKFURT exchanges opening quotes on April 1. US 2 3887/97 (2.3895/3905) Can 2.2700/20 UK 4.100/115 Neth 95.80/95 Swltz 93.90/94.05 Italy 2.685/700 France 48.02/17 Norw 45.61/66 Belg com 6.620/535 Belg fin 6.51/53 Japan 0.8640/5034 words
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Article301 1977-04-02 8 LONDON Eurobond prices quoted on April 1 STRAIGHTS BIO OFFER Austria 8% 90 !00'» 100* Bell Canada 8'. 86 104'. BFCE 8% 83 not available Brazil 9 •*84 97'4 97* Can Pacific 9* 83 103 103* Credit National 8* 86 99'. ECSC 9 83 103'* 104S EEC 8'-.82301 words
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Article244 1977-04-02 8 LONDON, FTI. On Thursday afternoon, terminal eased in dull afternoon trading to close steady at, or a shade up from the session's lows. But gains from Wednesday night still ranged from £0.05 (Oct at £137.75 bid) to £0.70 per tonne. Lots traded totalled 1606 Including 80 further options. Dealers244 words
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Article82 1977-04-02 8 CHICAGO, Thurs. Soybean futures closed mostly BVa to cents a bushel higher, ending the session at or just below the day's highs. Prices moved to either side of the previous close during the light trade, encountering technical resistance at higher levels but uncovering commercial support on the breaks. Short-covering82 words
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Article120 1977-04-02 8 CHICAGO, Thurs. Wheat futures finished the session I'/«to v« cent a bushel higher after recovering small early 10SS6S. New season lows were reached In back months as prices eased early on speculative selling as the market continued to be pressured by indications of improved winter wheat conditions because of120 words
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Article218 1977-04-02 8 BANGKOK, Frl. 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 287 5 per cent 257 10 per cent 238 15 per cent 235 20 per cent 232218 words
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Page 8 Advertisements
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Advertisement407 1977-04-02 8 SINGAPORE X r in this issue we feature: MANUFACTURING Running out of luck and line: The fishery industry cannot hope to grow until problems like lack of experience and expertise as well as adverse domestic factors are sorted out. TRADE Breaking out of the backroom: Computers have pushed their way407 words
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TRANSPORT and COMMUNICATIONS
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Article, Illustration1188 1977-04-02 9 MICHAEL DONNE - It seems impossible. Two jets, each the length of Nelson's column, each aglow with navigation and interior lights, each with the most sophisticated equipment and experienced crews these two aircraft collided on the ground. In human terms it is the worst aviation disaster. In cash, the most expensive civilFT - 1,188 words
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Article991 1977-04-02 9 ARTHUR SANDLES - By ARTHUR SANDLES FT IT WILL BE surprising If the disaster of Tenerlfe does not turn out to be a long drawn out tragedy for the relatives of the victims involved. On past form the legal battles will still be in progress five years from now. AlthoughFT - 991 words
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Article, Illustration297 1977-04-02 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Eastern Sea (0200 40/41 Flintshire (1500 31/32 Hoegh Elite (0600) 3/9 King Tower (0600 23 Nikolayev (4BRW) (0600 after Heinrich Jessen) 3/4 No. 3 Bineka (2300) 6/7 Sangerhausen (0800) 37/38 Stolt Llandaff (Tanker) (after Palm Sea Horse) (Subject gas free) (Draft not to297 words
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Article124 1977-04-02 9 UPI ATHENS, Frl. Because of the continuing strike of the majority of Its pilots, Olympic Airways, the Greek state-owned airline, announced yesterday the cancellation of some of Its overseas flights. A company announcement said flights to Australia, South Africa, Montreal and Chicago were cancelled indefinitely. OlympicsUPI - 124 words
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Article83 1977-04-02 9 Reuter BANGKOK, Frl. A mass transportation organisation official said It decided to buy a total of 1.000 buses valued at USSI9 million. Contracts will be signed here next week for the purchase of 600 Japanese Hlno and 400 Oerman Mercedes Benz, he said. The purchase will beReuter - 83 words
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Article161 1977-04-02 9 AP LONDON, Frt.— North and South American grainfixing expanded slightly on the London freight market yesterday, but this was offset by a reduction In the volume of time-charter business. Rates for both US Gulf and River Plate grain business showed Tittle change, but there was a markedAP - 161 words
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181 1977-04-02 9 YESTERDAY marked the completion by Scan Dutch of five years of successful operation. Scan Dutch was formed by Brostrom Shlpping Company Limited (Sweden). Compagnie Generate Maritime (France), East Asiatic Company Limited (Denmark), NSU Scheepvaart b.v. (Holland), and Wllh, Wilhelmsen (Norway)181 words
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Article70 1977-04-02 9 AP TOKYO. Frl. Japan Air Lines today inaugurated a nonstop service on the 5,302 km route between Tokyo and Singapore with 145-seat DCB-61 jets. The Inaugural flight left Tokyo's Haneda Airport at 11 a m carrying a capacity passenger group of 145 to arrive In Singapore InAP - 70 words
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Article601 1977-04-02 9 ARRIVALS Service Local Operator Number Time From CAL CI333 0040 TPE/HKO/KUL CPA CX003 0145 HKO MAS MH682 0810 KCH CPA CX710 1000 HLP CAL CI814 1000 HLP SIA SQ211 1015 HLP OIA OA980 1030 HLP THAI T0423 1035 BKK OIA OA 908 1100 MES PAL PR501 1115601 words
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Page 9 Advertisements
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Advertisement95 1977-04-02 9 A wealth of answers to scientific phenomena LIFE SCIENCE LIMtAKY A thousand questions you've asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular theory mathematics the human95 words
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1024 1977-04-02 10 INGO HERTEL - By INGO HERTEL Reuter ONE of the non-communist world's largest nickel mines has Just begun productive operations In this Jungle town In the south Sulawesi mountains. The Soroako Nickel Mines and the-line processing plant Is run by P.T. International Nickel Indonesia, aReuter - 1,024 words
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Article, Illustration542 1977-04-02 10 R. YOUNGBLOOD - By R. YOUNGBLOOD UPI GOVERNMENT officials are scouring Hongkong's thousands of factories In a massive campaign aimed at wiping out the blight of child labour. Instead of denying that the situation exists or diminishing Its extent, the Labour Department hopes ItsUPI - 542 words
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Article, Illustration923 1977-04-02 10 SOH SIAM LOH - CARTIER SPENDS MILLIONS OF ON SUITS AGAINST FAKES By SOH SIAM LOH CARTIER, the maker of high fashion. Jewellery, lighters, watches and leather luggage, has during the last two years spent some US$lO minion on suits against couterfelts. This was disclosed by Mr. Philippe Charriol, managing director. Far East, of923 words
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624 1977-04-02 10 JERRY FLINT - CARTER'S EMPHATIC STANCE ON ISSUE OF HUMAN RIGHTS By JERRY FLINT NYT PRESIDENT Carter's emphatic stance on the worldwide Issue of human rights appears unlikely to set off a backlash harmful to American business abroad. So long as foreign buyers covet AmericaNYT - 624 words
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Page 10 Advertisements
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Advertisement218 1977-04-02 10 FOULKS LYNCH-LONDON in association with FEDERAL PUBLICATIONS is pleased to announce the inauguration of a local home study centre that will be of special benefit to all accountancy students in South East Asia. Combining the international experience of Foulks Lynch with the specialised local knowledge of Federal Publications, this new218 words
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310 1977-04-02 11 CHANGI Village promises to develop Into a fullfledged tourist centre to complement the new Changi Airport. Mr. Tan I Tong, chairman of the Singapore Tourist Promotion Board (STPB), said that interest has already been Indicated with respect to hotel development In this area.310 words
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161 1977-04-02 11 AS part of Its efforts to further improve its services to customers, Scan Dutch has arranged for five shipping executives from its European offices to visit Singapore from Tuesday. The five are Mr. Nigel Gray, liner department manager of John S. Braid Co161 words
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864 1977-04-02 11 FAILURE OF FUND TALKS Reuter GENEVA, Frl. Western Industrialised countries yesterday blamed Third World states for failure of a four-week conference here to get down to practical discussions on a proposed International commodity financing fund, conference sources said. British delegate Gordon Barrass saidReuter - 864 words
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173 1977-04-02 11 THE Institute of Banking anr Finance and the Association of Banks In Singapore are jointly organising a national Banking and Finance Essay Competition to promote greater interest in the development of the financial centre in Singapore. The competition will have three sections an open section,173 words
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Article61 1977-04-02 11 Reuter HONGKONG, Fri. The drought in the southern Chinese province of Kwangtung, an important riceproducing region, is getting worse, Kwangtung provincial radio said. The radio told peasants to increase cultivation of rice and other crops and harvest wheat early. Earlier this month, the Chinese army ordered soldiersReuter - 61 words
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414 1977-04-02 11 UPI WASHINGTON, Fri. The Agriculture Department announced yesterday that China has ordered 390,000 tonnes of soybeans valued at about US$l22 million (Ss3oo million) from American traders, but secretary Bob Bergland quickly told reporters the sale will not trigger an export embargo. Other officialsUPI - 414 words
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297 1977-04-02 11 UPI TOKYO, Fri. China and Japan agreed yesterday to sign a long-term trade agreement in a move to step up their two-way transactions after a year-long slowdown caused by natural disasters and "Gang of Four" disruptions. The agreement was made at a meeting inUPI - 297 words
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Article, Illustration232 1977-04-02 11 A OIRL who Is the centre of an international advertising campaign and whose face has been featured In millions of advertisements all over the world will visit Singapore from April 9 to 12 on a goodwill tour. Roz Hanby, 25. who until two232 words
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305 1977-04-02 11 Reuter MANILA, Fri. International Finance Corporation (IFC) vice president Rudolf Van der Bijl said the better off developing countries could be well advised to obtain more of their development funds from the international bond market. Speaking at a seminar on access to capitalReuter - 305 words
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Article61 1977-04-02 11 UPI ISLAMABAD. Fri. A twoyear cultural exchange agreement between Pakistan and Czechoslovakia was signed yesterday during the first meeting of high-level officials of the two countries ever held here. The agreement, signed by Czech Ambassador Dr. Vladmir Ludvik and Pakistan's Education Minister Yasin Watto, provides for theUPI - 61 words
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Article45 1977-04-02 11 Reuter KATMANDU, Fri. Burmese President Ne Win will make an informal visit to Nepal early next month at the invitation of King Birendra, the Foreign Ministry announced here. A ministry official said no talks would be held during the visit. Reuter.Reuter - 45 words
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133 1977-04-02 11 A SEMINAR on the latest products and their applications in the graphic arts Industry will be presented by the US Trade Centre in conjunction with the printing and graphic arts exhibition to be held between April 26 and 29. Five graphic arts experts will133 words
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638 1977-04-02 11 SINGAPORE will be used as the venue for the development of the ILO/Nor Marltime Workers' Education project, if an application made to the ILO regional director and the Singapore Government Is successful. The participants of the just concluded ILO/NorAsian regional seminar on workers'638 words
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Article408 1977-04-02 11 Reuter TOKYO, Frl. Japan s external reserves rose by US$l74 million In March to $17.0 billion, the Finance Ministry said. Finance Ministry officials said Japan had a substantial visible trade surplus again in March, but were unable to say how It compared with February's $1.25 billionReuter - 408 words
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Article131 1977-04-02 11 KUALA LUMPUR, Fri. Port Klang handled 5.28 million tonnes of cargo worth about M 56.4 billion last year, a Port Klang Authority statement said today. This represents an increase of 8.7 per cent over that in the previous year and 34.8 per cent of the total value131 words
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151 1977-04-02 11 AP BANGKOK, FYI. Vietnam will emplov this year an additional 230,000 people In small Industries and handicraft workshops throughout the country, the Vietnam News Agency (VNA) reported yesterday. Gross output of small Industries and handicrafts is expected to amount to 3,800 million piastresAP - 151 words
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Page 11 Advertisements
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Advertisement547 1977-04-02 11 APPOINTMENTS i® MOTOROLA An American Electronics Company invites Singapore Citizens to apply tor positions of: (A) SALES ENGINEER-SINGAPORE The Sales Engineer will report to the District Sales Manager and is expected to be (a) Male Singapore Citizen (b) Electrical/ Electronics qualifications Polytechnic or Equivalent. (c) 2 or 3 years Experience547 words
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Advertisement254 1977-04-02 11 Tractors Singapore Limited We invite applications from suitably qualified Singapore Citizens for the post of EXECUTIVE ADVERTISING PROMOTION The Job: a Production of advertising and promotion material, in-house publications, etc. b Plan, organise and coordinate with various departments on advertising/sales campaigns, etc. c. Public relations. Qualification*: a. Minimum HSC and254 words
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Article, Illustration591 1977-04-02 12 KUALA LUMPUR. Frl. Lower interest rates for commercial banks have been ruled out for the time being. Bank Negara governor Tan Sri Ismail All, In disclosing this, said that to lower existing rates now would mean 'trouble' for the economy. He591 words
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387 1977-04-02 12 KUALA LUMPUR Frl. The Federation of Malaysian Manufacturers (FMM) said today the amendments to the Industrial Coordination Act would have had a greater impact on the investment climate If provision had been made for the establishment of an advisory council and an Independent387 words
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Article147 1977-04-02 12 Reuter TOKYO, Frl. Japan today decided to accept Soviet sovereignty over foreign fishing vessels within the Soviet Union's newlydeclared 320 km fishing zone in a major concession to break a deadlock in negotiations on a Soviet-Japan interim fishing pact. The concession was announced after a regular cabinet meetingReuter - 147 words
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Article714 1977-04-02 12 LONDON. Frl The stock market moved lower with government bonds the most active sector. Dealers reported some profit-taking after the recent sharp rise. Some operators were sellers because of the uncertainty about securing the co-oper-ation of trade unions for the next stage of the Government's pay policy, dealers714 words
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Article26 1977-04-02 12 Reuter COLOMBO. Frl. All 11 state-run hospitals in Colombo were paralysed yesterday by a walk-out of more than 400 doctors demanding better working conditions. Reuter.Reuter - 26 words
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Article, Illustration557 1977-04-02 12 Soviet diplomacy a la Carter Reuter MOSCOW, Fri. The Soviet Union has been compelled by the "open diplomacy" of the Carter Administration to break Its long-standing tradition of strict secrecy on the substance of its negotiations with foreign governments. This was the view of Western observers In Moscow who attendedReuter; AP photo - 557 words
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920 1977-04-02 12 BOTH the Singapore Bus Service and the Senoko Power Station will not qualify for any loans from the Asian Development Bank because the bank does not consider them to have a significant social content. This was stated by the visiting president of920 words
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520 1977-04-02 12 AUSTRALIAN conventions lead the way in Singapore, Australian organisations were told during a "sell Singapore as a convention city" mission in Sydney, Melbourne and Perth. Speaking in his capacity as president of the Singapore Hotel and Restaurant Association (SHRA) Mr. Lim Ewe Hin told520 words
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103 1977-04-02 12 LACK of qualified personnel especially in the creative areas is still one for the biggest problems plaguing the local advertising industry. "People tend to think of advertising in terms of graphic art and account servicing, forgetting copywriting. research and media planning. It is in these103 words
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239 1977-04-02 12 SINGAPORE'S imports from Japan fell substantially in February, but exports remained at about the same level as January's, according to the Department of Statistics. Singapore's imports from Japan amounted to $233 million in February, only 55 per cent of the level in January239 words
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250 1977-04-02 12 NIPPON Electric Company of Japan will set up a regional support centre In Singapore this month to supplement and reinforce sales of Its office computer and peripheral systems In South-east Asia and Australia. The centre will be operating as NEC Computers Singapore,250 words
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127 1977-04-02 12 UPI WASHINGTON, Frl. Former Secretary of State Henry Kissinger will be subpoenaed unless he Is more forthcoming on an apparent pledge of multlblllion dollar rehabilitation aid to North Vietnam by former President Richard Nixon, Rep. Lester Wolff, Democrat-New York, said yesterday. Mr. Wolff, saidUPI - 127 words
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688 1977-04-02 12 UPI SAN FRANCISCO, Frl. A lawsuit that could total more than US$l billion (552.4 billion) was filed in a federal court yesterday on behalf of victims In the worst aviation crash in history. Filed as a result of Sunday's disaster atUPI - 688 words
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Article106 1977-04-02 12 KUALA LUMPUR, Fri. A nationwide agricultural t census, the first to be conI ducted since the formation j of Malaysia, will be carried out from April to August I this year. Announcing this yester- day at a press conference i here, the Minister without Portfolio In the106 words
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Page 12 Advertisements
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Advertisement187 1977-04-02 12 i -J** l_r MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The187 words
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