The Business Times, 6 April 1977
1977-04-06
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The Business Times
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Title Section10 1977-04-06 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, APRIL 6, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article69 1977-04-06 1 Reuter CANBERRA, Tues. Australia's Minister for Transport Peter Nixon warned seamen unions today they would drive away foreign trade and Investment If they continued Industrial action to have more local ships used In overseas trade. Mr. Nixon's statement came as exports of Iron ore to Japan andReuter - 69 words
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Article64 1977-04-06 1 Reuter LONDON, Tues. A return-or-be-sacked ultimatum by British Airways to 4,000 ground staff at London's Heathrow Airport today resulted in a hardened attitude among the men's leaders. The unofficial dispute by the maintenance engineers has caused the state-owned airline to cancel all European and domestic flights asReuter - 64 words
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Article79 1977-04-06 1 Reuter PENANG, Tues. Malaysia Prime Minister Datuk Hussein Onn said regional security was the main topic of his talks here earlier today with President Suharto of Indonesia. Datuk Hussein told a press conference that he briefed the Indonesia leader during his five-hour visit here on JointReuter - 79 words
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Article57 1977-04-06 1 Reuter PARIS, Tues. France cut its overall budget deficit by more than half In 1976 to an estimated 18.5 billion francs (Ss9 billion), the. Bank of France said today. The bank said the Improvement was largely due to increased revenue from value added tax as a resultReuter - 57 words
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Article90 1977-04-06 1 Reuter CANBERRA, Tues. sh envoy, Lord Thomson. had detailed talks here today with Australian officials about ways In which the Commonwealth Heads of State Conference in June could aid a new international economic order between developed and developing nations. Lord Thomson, personal representative of British Prime MinisterReuter - 90 words
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Article71 1977-04-06 1 Reuter JAKARTA, Tues. One of Indonesia's biggest corruption cases has opened in Balikpapan, East Kalimantan, in which a former state officials Is accused of misappropriating more than 7,600 million rupiahs (Ss46 million), Antara News Agency reported today. The former head of the state Logistics Board in Balikpapan,Reuter - 71 words
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Article42 1977-04-06 1 UPI NEW YORK, Tues. Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 Indus 913.48, off 2.08; 20 transp 222.10, off 1.36; 15 utlls 106.98, off 0.22; 65 stocks 302.34, off 0.96. UPIUPI - 42 words
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Chief Price Changes
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Article, Illustration168 1977-04-06 1 Falls Most active Fujitec 880 OCBC 680 Inchcape 231 M Banking 565 M Flour 260 Jardine* 189 Pan Electric 186 Spore Land 141 DBS 370 OUB 330 Rises Carlaberg 338 S Finance 150 Tractors 320 M Cement 263 PMC 260 W Jacks 123 Int Wood 70 -20168 words
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Article118 1977-04-06 1 Falls Most active O.C B.C. Gen ting M Flour Pan Elect DBS. U.O.B. Inchcape Toshiba U.M Works K Kampar C.C.M M. Credit Sel Dredging Rise G. Kent (M) K G. Holdings Talam Mines $6.85 $3 32 -.10 08 Central Sugars Haw Par 106,000 07 00 $2.61 $1.88118 words
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366 1977-04-06 1 BRUSSELS. Tues. Asean central bankers have agreed to provide short-term credit facilities amounting to US$lOO million (***** million) for emergency foreign exchange financing to member countries with temporary liquidity problems. The financing will be given under currency swap arrangements whereby US dollars will366 words
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Article, Illustration527 1977-04-06 1 TSAI TAN - THE BRUSSELS CONFERENCE By TSAI TAN BRUSSELS, Tues. Indonesia yesterday said that Singapore's refineries will probably have a greater role to play In the future energy picture of Asean. This was stated by the Indonesian Minister of Mines, Dr. Sadli, when he addressed the527 words
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153 1977-04-06 1 Reuter TOKYO, Tues. Bank of Japan governor Tellchiro Morinaga told IMF managing director Johannes Wttteveen that Japan is allowing the yen to float according to market forces, except when intervention is necessary to prevent erratic fluctuations, bank officials said. Mr. Witteveen told Mr.Reuter - 153 words
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858 1977-04-06 1 THE Japanese yen rose against the US dollar In Singapore and most International financial centres following heavy speculative selling of the dollar here and in other Far Far financial centres. Dealers said the dollar took a drastic fall of about 1.65 yen at noon858 words
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Article114 1977-04-06 1 SINGAPORE can make a substantial contribution towards Vietnam's economic reconstruction and the 14-man mission organised by the Singapore Chinese Chamber of Commerce which left for Hanoi yesterday hopes to pave the way for this. Mr. Tan Keong Choon, leader of the delegation, said yesterday114 words
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Article144 1977-04-06 1 AN Investment mission from New Zealand will visit Singapore next month to explore the possibilities of establishing Joint ventures here. Mr. Raymond Coats, the New Zealand Trade Commissioner, said that New Zealand businessmen are seriously considering using Singapore as a springboard into the Asean144 words
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Article98 1977-04-06 1 THE Ministry of National Development granted planning approval to 130 new development projects worth $449.8 million In the fourth quarter of 1978 compared to $379.1 million In the third quarter. Public sector development accounted for $261 million or 58 per cent of the total value of projects98 words
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218 1977-04-06 1 AP LONDON, Tues. The Singapore Government today renewed ita attempt to have British financier Jim Slater, former executive chairman of Slater-Walker Securities, extradited to face conspiracy charge*. An earlier attempt failed in January when Mr. Slater, 46, was discharged by chief Metropolitan Magistrate KennethAP - 218 words
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389 1977-04-06 1 THE DOMESTIC market for government bonds will receive another shot In the arm when the Stock Exchange of Singapore reduces brokerage rates for bond trading from Monday. Business Times understands that the SES has already Informed its members of Its decision to cut389 words
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Article35 1977-04-06 1 SINGAPORE Shipbuilding and Engineering has filed a suit at the High Court yesterday against Pacific Logistics for $250,532 which was alledgedly due to the plaintiff for repairs carried out on the ship Magellan.35 words
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Article261 1977-04-06 1 UPI Reuter BANGKOK, Tues. Thailand last night offered to settle the dispute between its national flag carrier Thai International, and the Britishowned Cathay Pacific Airlines. Under-Secretary of State Wong Pholnokon said tfts government is "prepared to meet the British any time, any place" to re-start flightsUPI; Reuter - 261 words
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Page 1 Advertisements
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Advertisement36 1977-04-06 1 With a Reputation for Unrivalled Security and Fair Dealing over 131 years, Our Clients can be Assured... Royal Insurance iwcorpunnam tngUwd looks after you. Fast 18th Fir., Ocean Building, Collyer Quay, Singapore 1. Tel: ***** *****1. $\>&%.,@]}![^][<!*&:<*^->(%?<?/36 words
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Advertisement87 1977-04-06 1 m r jjlll /A > With a current account at Chase, you don't just get a statement every month. We return all your paid checks too. So you can check the checks. For easier account reconciliation. And the returned checks are also proof of payment. There are lots of advantages87 words
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Advertisement173 1977-04-06 1 x r NOW' Cool healthy pollution-free I driving is POSSIBLE „„mAßuenu £525. "CHUNG SHAN MOTORS 5-11 GOLDHILL PLAZA Tel *****2 240 LAVENDER STREET Tel *****80 Olivetti The desk that kwiw your accounts up to date and you out there earning If you're in business, imagine: Your accounts always up to173 words
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Article427 1977-04-06 2 LONDON, Tues. Britain's Labour Government yesterday announced a byelectlon In three weeks' time despite Its crushing defeat by the opposition Conservatives In an election last Thursday. The by-electlon, on April 28, will be to find a successor to Foreign Secretary Anthony Crosland. who died427 words
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Article39 1977-04-06 2 Reuter EAST BERLIN, Tues. East German Communist Party leader Erich Honecker yesterday assured visiting Vietnamese Defence Minister General Vo Nguyen Glap of his country's future support for Vietnam's efforts to reconstruct after the war there. Reuter.Reuter - 39 words
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Article563 1977-04-06 2 Reuter BONN, Tues. West German businessmen are concerned at demands from eastern European communist countries for greater bartering in trade deals, industry sources said. Foreign exchange shortages and heavy debts with the West have made communist importers keener than ever to pay with goods insteadReuter - 563 words
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344 1977-04-06 2 UPI TOKYO, Tuei. The downfall of Indian Prime Minister Indira Gandhi, partly over the issue of enforced sterilisation, was a setback for world population control, leaders of the movement said yesterday. However, most thought the setback would be only temporary. Talk ofUPI - 344 words
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ASEAN-EEC Conference
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450 1977-04-06 2 Tsai Tan - Reports by Tsai Tan BRUSSELS, Tues. Singapore yesterday deliberately adopted a low profile when outlining her national programme and priorities to the 400 Asean and European delegates attending the three-day Asean-EBIC-EEC industrial conference. Unlike her Asean partners, Singapore was satisfied with Just giving an450 words
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281 1977-04-06 2 BRUSSELS, Tues. Asean and European delegates attending the conference on industrial cooperation today got down to do some hard talking at 10 sectoral study groups which cater to more specific interest. The precision engineering Industries group, which was to have been led by Singapore, merged281 words
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Article296 1977-04-06 2 BRUSSELS, Tues. Malaysia has urged the EEC countries to step up Investments in primary commodity processing in Asean countries. In making the call at the Asean/EEC conference yesterday, the Minister of Trade and Industry, Datuk Hamzah Abu Samah, regretted that the modern EEC multinationals had not296 words
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Article149 1977-04-06 2 BRUSSELS. Tues. The Asean Banking Council (ABC), which Is a body set up by Asean commercial bankers, has plans to set up a consortium of regional Asean banks to help provide finance for Asean investment projects. However, this plan is very much at the149 words
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1351 1977-04-06 2 BRUSSELS, Tues The EEC Commissioner for External Affairs, Mr Wilhelm Hafferkampf, yesterday assured Asean that the EEC has done everything to avoid protectionist measures, although In "some sectors, with some products there are particular difficulties". This is particularly so in industries "with1,351 words
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Article224 1977-04-06 2 UPI NEW YORK. Tues. Deadly storms battered the south-east United States yesterday spawning tornadoes. triggering floods and unleashing a fierce hailstorm that may have contributed to a fatal airline crash. The tornadoes, floods and thunderstorms claimed at least 103 lives. A Southern Airways DC9UPI - 224 words
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Article153 1977-04-06 2 Reuter DACCA, Tues. Indian Defence Minister Mr. JagJivan Ram is expected to lead his country's delegation to a ministerial meeting with Bangladesh officials here on April 15 to try to resolve their dispute over sharing the waters of the River Ganges, the Government announced yesterday. The announcementReuter - 153 words
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Article89 1977-04-06 2 AP TOKYO. Tues. North Korea and Yugoslavia have signed In Pyongyang an agreement on commodity exchange for 1977-1980 and protocols on economic and scientific-technological development, a North Korean broadcast reported today. A protocol on the first meeting of the Intergovernmental Committee was signed by North Korean deputy PremierAP - 89 words
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Article46 1977-04-06 2 UPI TOKYO, Tues. Dr. AbdE1 Rahman Khane, executive director of the United Nations Industrial Development Organisation (UNIDO), will visit Japan on April 9-17 for talks with Japanese official on assistance for Industrial development of developing countries by advanced nations, the Foreign Ministry announced. UPIUPI - 46 words
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Page 2 Advertisements
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Advertisement504 1977-04-06 2 THE DEBT TRAP HOW TO I SURVIVE THE SLUMP I A QuaOr to Iconomtc Cr* I Gr j»w* Be«w<K-> Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government the world today: This book is about the efforts of504 words
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Page 2 Miscellaneous
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Miscellaneous381 1977-04-06 2 II THE WEATHER i WEATHER report for 24 hours prior to 7.30 p.m. on April 5 at Singapore airport. Maximum Temperature 29.0° C Associated Humidity 80 Minimum Temperature 24.0° C Associated Humidity 98 Hours of Sunshine 1.95 Rainfall in Millimetres 9.3 Total Rainfall for the Month 15.5 Total Rainy Days381 words
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OVERSEAS
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371 1977-04-06 3 UPI Reuter STOCKHOLM, Tues. Premier Thorbjorn Falldln yesterday announced an immediate two-month price freeze to prevent inflation from the six per cent devaluation of the kroner announced over the weekend Mr. Falldln. at a news conference with the Minister for Economic Affairs, Mr. GostaUPI; Reuter - 371 words
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Article91 1977-04-06 3 Reuter OTTAWA, Tues. Canadian official reserves fell U*****.7 million to U555.094.1 million in March and compared with U555,827.2 million a year ago, the Finance Department said. Holdings of US dollars totalled U552,702.6 million against U552,881.1 million in February while other foreign currency totalled US$l6.B million equivalent againstReuter - 91 words
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702 1977-04-06 3 Reuter FRANKFURT, Tues. The new realignments In the European joint float appear to be signalling agreement by the authorities to make small readjustments relatively often In order to anticipate tension In the system well ahead of the foreign exchange market,Reuter - 702 words
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204 1977-04-06 3 Reuter WASHINGTON, Tues. The General Accounting Office said it i 9 clear New York City will require substantial short and long-term financing when the current federal government US$2.3 billion (555.5 billion) loan programme expires in June. The GAO, in a report to Congress onReuter - 204 words
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194 1977-04-06 3 Reuter ZURICH, Tues. The Swiss National Bank said In a circular that foreign banks may no longer take part in the issue of syndicated loans denominated in Swiss francs, national bank sources said. The sources said In certain cases the bankReuter - 194 words
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689 1977-04-06 3 ROME, Tues NYT THE governing Christian Democrats, who cling to power without a parliamentary majority, have been strengthened by an unusual agreement with Italy's trade unions on wages. The agreement, reached last week after long nights of negotiations. Is the first of ItsNYT - 689 words
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966 1977-04-06 3 SPENCER ADAMS - With no income tax, no value added tax, no capital gains tax and whisky at £1 (554.40) a bottle, life is not without a certain old-world charm in remote Andorra. By SPENCER ADAMS FT THE Principality of Andorra. situated high in the PyreneesFT - 966 words
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351 1977-04-06 3 UPI WASHINGTON. Tues. The United States is shifting rapidly away from Canadian and Venezuelan oil toward imports from West Asia and Nigeria, the Federal Energy Administration said yesterday. A new FEA analysis said oil shipments from Arab producers have doubled in theUPI - 351 words
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Article66 1977-04-06 3 AP WASHINGTON, Tues. The World Bank and Its affiliate, the International Development Association (IDA), are providing US$lB million (Ss44 million) for a fisheries project in India. Announcing this yesterday. the World Bank said IDA is extending a credit of $4 million and the World Bank a loanAP - 66 words
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Article, Illustration702 1977-04-06 3 SAFEGUARD FROM BOND CONVERSION IMPACT LONDON, Tuesday Reuter THE Bank of England Is ready to make special arrangements to insulate British financial markets from any disruptions caused by the conversion by foreign governments of their sterling holdings Into the foreign currency bonds announcedReuter - 702 words
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323 1977-04-06 3 Reuter LONDON, Tues. Britain's Labour Government last night won a parliamentary vote on Increased petrol tax by a majority of nine after its new ally, the Liberal Party, backed away from a showdown on this issue and agreed not to oppose it. WithinReuter - 323 words
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Page 3 Advertisements
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Advertisement273 1977-04-06 3 THE SGV GROUP SGV-GOH TAN PTE. LTD. Conference Series on Business Management Accounting for Non-Accounting Managers This conference aims to provide non-accounting executives of business organisations with a sound foundation on the basics of accounting, enabling them to understand and interpret corporate financial statements. The course content is designed for273 words
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COMPANY NEWS
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517 1977-04-06 4 EXPORTS appear to have provided the main impetus to Sentosa Plywood's return to profitability in the year ended Oct 31, 1976. Sales nearly doubled in value largely as a result of a $3.1 million spurt in exports to 56.04 million with the impact on profits517 words
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318 1977-04-06 4 FORECAST of gloomy prospects for Jack Chla Mining and Industrial Corporation, made by chairman, Mr. Jack Chiarapurk in his last annual report, have proved only too accurate as tin production sagged drastically despite the upsurge in tin prices. The company, formerly known318 words
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COMPANY MEETINGS
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Article22 1977-04-06 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 1977-04-06 4 Apr 9, 12 noon, Registered Office, No. 92, Jalan Bandar, Kuala Lumpur.15 words
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333 1977-04-06 4 CONTRARY to expectations expressed by its chairman, Mr. Kenneth I. Mackay. In his 1975 annual report, earnings at Raleigh Cycles (Malaysia) continued to decline in the year ended Dec 31, 1976. In fact, the rate of decline accentuated in 1976 as pretax profit fell333 words
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Article633 1977-04-06 4 Current Ex Date Total for Total for payment Date payable the year Previous year YeoHiapSeng U.A.C. K.L. K—> 10H 12.5*1 5H Mar 14 Marl Feb 15 Apr 6 AprS Apr 9 10* 12.5*1 10* 10.S* 25* 10* Hume (M> 4%I Mar 15 Apr 11 4*1 15* M. Banking633 words
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308 1977-04-06 4 YEO Hiap Seng has acquired the remaining shares in Pacific Computer Systems, which it does not already own. The company says in a letter to the Stock Exchange of Singapore that with the acquisition, of 49,001 shares or 49 per cent of its308 words
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Latest results
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Article48 1977-04-06 4 UNITED PLANTATIONS Unaudited consolidated net profit MS6.55 million ($10.2 million) for the year ended Dec 31, 1976. Depreciation $2.26 million ($4.19 million), replanting expenditure $2.22 million, and tax $4.26 million ($4.32 million). Final dividend 10 cents (same) payable June 23 making unchanged total of 15 cents for 1976.48 words
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Article1544 1977-04-06 4 On April 4 TRADING on the Chicago Board Options Exchange came to 73,725 contracts on Monday compared with 69,021 on Friday. OPTION APL JLY OCT STOCK Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AtlR AtlR AtlR Avon Avon Avon Bank Am Bank Am Bank1,544 words
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902 1977-04-06 4 LONDON, Tues. Hawker Siddeley has entered the struggle to gain control of crane manufacturers Herbert Morris with a surprise takeover bid worth £8.3 million. The offer 245p a share in cash has the blessing of the Morris board and compares with 205p902 words
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735 1977-04-06 4 NEW YORK, Tues. Investors In the Digital Equipment Corp.. maker of minicomputers, were shaken last week when the International Business Machines Corp., the industry colossus, cut prices on a computer memory system competitive with an important Digital product While analysts scurried to reassure Digital735 words
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Page 4 Advertisements
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Advertisement356 1977-04-06 4 SINGAPORE S for people who matter Change is the essence of a fast-moving, dynamic society like Singapore's and it takes quite some doing to keep up with the pace. Singapore Trade and Industry monthly economic review has now changed its name to Singapore Business. You bought Singapore Trade and Industry356 words
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INTERNATIONAL COMPANY NEWS
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Article341 1977-04-06 5 Reuter SYDNEY, Tues. Citicorp unit Nessus Investments will bid for the 49 per cent of the Issued ordinary capital of lAC (Holdings) not already held by Citicorp subsidiaries, lAC said In a statement. Nessus will offer 70 Australian cents for each 50 cent nominal ordinaryReuter - 341 words
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Article473 1977-04-06 5 MALMO. Tues. PLM. the Swedish metal can. packaging and waste treatment concern which has become the European leader in resource recovery systems over the past three years, will go through a consolidation period this year with the emphasis on improved profitability. The effort put into waste, treatment473 words
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Article304 1977-04-06 5 AMSTERDAM. Tues. Slavenburg's Bank said In its annual report that It proposes to raise the 1976 dividend by Fls.2 to F15.19 per share of Fls.loo after net profit had risen by 12.6 per cent to F15.26.1 million. Shareholders may instead take Fls.9 In cash and Fls.s In304 words
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331 1977-04-06 5 BCNN. Tues. Preussag. the West German engineering. metals and chemicals group, expects to be able to maintain a dividend of DM7 per DMIOO share for 1976. Announcing results for the last quarter of last year, and preliminary whole-year figures, the board reported to shareholders331 words
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214 1977-04-06 5 Reuter MANILA, Tues. Lepanto Consolidated Mining said ti will ship on Saturday 14,000 wet long tonnes of copper concentrates to American Smelting and Refining (Asarco) smelter at Tacoma, Washington. Lepanto vice president Mr. Ramon Recto also said In a letter to the Securities and ExchangeReuter - 214 words
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Article103 1977-04-06 5 Reuter LIMA, Tues. Occidental Petroleum said it has struck oil in the Amazonian Jungle of Peru A spokesman told Reuter drilling was successful in the Huayaruvi area of the northern jungle. The well produces 8,000 barrels a day which will be pumped down the spurReuter - 103 words
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Article95 1977-04-06 5 Reuter ABU DHABI, Tues. A new 60 per cent state owned company has been formed to operate Abu Dhabi's major offshore oil fields, oil Industry officials said. They said the as yet unnamed company will take over the running of the fields from Abu DhabiReuter - 95 words
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Article51 1977-04-06 5 Reuter FRANKFURT. Tues. The United Arab Emirates (UAE) Currency Board plans to raise today a 100 million mark five-year Eurobond, primary market sources said. However, they were unable to give coupon details. The bond, to be managed by Deutsche Bank, will be the first by an Arab borrower.Reuter - 51 words
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Article738 1977-04-06 5 FREDERICK ANDREWS - SHARON'S TAKEOVER BID By FREDERICK ANDREWS NYT THE year-long fight by Mr. Victor Posner, the controversial Miami Beach multl millionaire and conglomerator, to take over Foremost-McKesson was almost certainly destroyed last Friday when Sharon Steel—Mr. Posner's vehicle for the attempted takeover restated its 1975 earnings and choppedNYT - 738 words
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Article199 1977-04-06 5 Reuter PORY MORESBY, Tues. The Papua New Guinea Government Is seeking bids from minerals explorers for prospecting rights over areas near the OK Tedl copper prospect In the Star Mountains. Mlnlerals and Energy Office director Mr. Nelgel Agonla said in a statement. The prospects, withinReuter - 199 words
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Article161 1977-04-06 5 Reuter HONGKONG, Tues. Cheung Kong (Holdings) has entered into an association with the Mass Transit Railway (MTR) to develop the old GPO site In Hongkong's central district, the MTR said. Under the terms of the agreement, Cheung Kong will build a 32-storey shops and officeReuter - 161 words
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Article325 1977-04-06 5 PARIS, Tues. CreusotLolre, the French Government's "chosen Instrument" in the nuclear engineering field, broke even in the financial year 1976. This was after Frs. 134.5 million amortisation and the recovery of Fr5.63.8 million from provisions made earlier for price rises and for risks on medium term export325 words
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133 1977-04-06 5 Reuter BANGKOK, Tues. Bangkok Bank Research Department economist Sivavudh Devahastln Na Ayudhya said the Securities Exchange of Thailand (SET) should Introduce controls of the size of finance and securities companies' share portfolios. Noting that turnover on the SET last month totalled 400 million baht,Reuter - 133 words
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Article74 1977-04-06 5 Reuter WHITE PLAINS. NY. Tues. Molycorp said It will meet with Union OH of California to discuss the possible merger of the two companies. The meeting was requested by Union OH and as a result the special meeting of the Molycorp board held yesterday deferred consideration ofReuter - 74 words
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Article41 1977-04-06 5 Reuter FRANKFURT, Tues. The 10-year eight per cent Eurobond for Ontario Hydro will be raised to US$l25 million, banking sources said. They said final details for the issue, which will be managed by Deutsche, Bank, should be set todayReuter - 41 words
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Article140 1977-04-06 5 Reuter ADEN, Tues. The South Yemen Government Is to take over the British Petroleum oil refinery In Aden on May 1, officials said. BP will continue to provide managerial, technical and marketing services to the refinery, which has been running well under ItsReuter - 140 words
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Article110 1977-04-06 5 Reuter ARKON, Ohio, Tues. Goodyear Tire and Rubber expects first quarter sales and earnings to top the U5543.7 million earned on sales of $1.45 billion in the 1976 first quarter, chairman Mr. Charles J. Tllliod Jr told the annual meeting. Final results will be announced April 21.Reuter - 110 words
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Article59 1977-04-06 5 Reuter MELBOURNE. Tues. Endeavour Oil sustained another loss In the first half-year ended Dec 31. 1976 despite a higher revenue. On an Increase In revenue from A 5612.000 to $927,000, unaudited consolidated operating loss amounted to $642,000 compared with $913,000 previously. Group loss before minorities was $73,000 againstReuter - 59 words
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Article657 1977-04-06 5 Babcock Wilcox sues U. Tech Agencies NEW YORK. Tues. Babcock and Wilcox said it asked a federal court in Akron, Ohio, to enjoin United Technology's proposed tender offer for Babcock common shares. Babcock said It believes the proposed tender price of US$42 a share Is grossly Inadequate, unresponsive to theAgencies - 657 words
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Article367 1977-04-06 5 NEW YORK. Tues. Xonics, the US environmental monitoring and medical X-ray equipment company, is hoping its new low radiation system for the early detection of breast cancer known as XERG will give it a fast ride into the international league of medical scanner companies dominated at present367 words
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Page 5 Advertisements
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Advertisement152 1977-04-06 5 Introducing the IBM Copier 111 in Singapore High Speed 4.500 copies per hour. First copy speed 4.5 seconds. Subsequent copies 0.8 seconds each. Excellent Quality Quality copies from a wide range of originals and sizes onto many kinds of materials such as letterheads, coloured stocks and transparencies. 26% 35% Reduction152 words
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Article1997 1977-04-06 6 Gr'» Gr's tun 1»77 Lajt div Dhr y'H P/E Vol Day High Low Company Sala +ar- CTT Hick Law SECTION ONE INDUSTRIALS 146 136 Acma 140 12. ON 1.1 8.5 7.0 133 127 Acma A 128 12.ON 1.1 9.3 6.4 204 204 Alcom 204 20.0 0.5 9.81,997 words
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Article1130 1977-04-06 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 Board1,130 words
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Article1223 1977-04-06 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 (1.398 1 4551. Loytape (0 468 0 495). A|inomoto (21,223 words
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Article77 1977-04-06 6 D.B.S. (June $3.90) (0.09H8 0.11S) (5) 0.10. Inchcape (June $2.40) (0.128) (25) 0.11V4. 0.U.8. (June $3.30) (0.10B). 1 Pan Electric (June $2.10) (0.05 V,8 0.06V15). $1.90) (0.108 0.125) Straits Steamship (June $3.10) (0.08S). U.E. (June $1.80) (0 04B) 1'.0.8. (June $3.40) (0.04Vt8 0.075). (Sept $3 40) (0.125) (1)77 words
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Article156 1977-04-06 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price* far Apr 'Current pi ■iceel The Commerce 1.74 1.84 INCOME BOND 1.04 1 10 The Saving Fund 0.89 0 94xd S'pore Prog Fund 0 78 0 83 MARA BUMIPUTRA FUND S pore Security Fund 1.45 1.53 (Manager*' price* for Apr156 words
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Article189 1977-04-06 6 BONDS B O T 8 1/2% 1981 (100,000) 102 7 »B 103SS) D B S 8 1/2% 1982 (100,000) (100 Miß 100 7 *S) DBS Convert* 6 1/2% 1991 1100,000) (97V 4 8 97*8X1)97* E I B 9% 1982 (100,000) (103 SB 104HS) E I B 8 1/4%189 words
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Article67 1977-04-06 6 5 1/2% 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 (2,830,000)(1)104.95 5 1/2% 1/10/77-79 (1,000,000) (101. SOB 101 60S)(1)101.53(1)101.55 5 \/i% 15/10/79 (1,000,000) (101.188 101.28S) (103.10B) 5% T F 15/4/81 (1,000,000) (101.508 101.60S) 5 3/4% T F 15/6/81-84 (1.000.000) (102.655) fi 1/4%67 words
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Page 6 Advertisements
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Advertisement140 1977-04-06 6 found only in the Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modern Business Enterprise: M.140 words
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Article395 1977-04-06 7 APART for some lingering support here and there, shares headed lower in selective trading at the Stock Exchange of Singapore yesterday. After the run-up over the weekend, buying support appeared to be waning and an easier bias tended to characterise sentiment. Speculators were still rather wary of395 words
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Article421 1977-04-06 7 WEAKENING sentiment eroded values further on the Kuala Lumpur Stock Exchange yesterday. With Investors apparently taking a gloomy view of the Industrial Coordination Act and Its effects on the Investment climate, trading remained generally restrained. This was also reflected In the volume of business which421 words
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Article201 1977-04-06 7 UPI Reuter WHITE PLAINS. (NEW YORK,) Tues. General Foods Corp., Americas largest roaster, yesterday announced It Is Introducing a new beverage made from a blend of green beans and natural grains for "a smooth, mild coffee flavour" that Is substantially cheaper than conventional coffee. TheUPI; Reuter - 201 words
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Article61 1977-04-06 7 Reuter FRANKFURT, Tues. The three-year 5 3/4 per cent private placement for Elf Norges of Stavanger will be raised to 125 million marks from the originally planned 100 million, primary bond market sources said. The larger sum Is due to very lively demand and at one stage anReuter - 61 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1087 1977-04-06 7 NEW YORK: The stock market lacked strength to extend Friday's technical rally on Monday and closed broadly lower In very light trading. Inflation expectations were a key factor behind the decline, analysts said. They noted the government's wholesale price Index for March, due on Thursday, Is expected to1,087 words
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Article275 1977-04-06 7 ZURICH: The market was irregularly higher, with the recovery on Wall Street from Friday giving support, dealers said on Monday. Swiisair rose, while banks were Irregular. Among flnandais Orerlikon- Buehrle gained on bourse expectations or good results. Schindler holding did not respond to Its announced higher group order income275 words
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Article483 1977-04-06 7 TOKYO: The market suffered Its heaviest fall this year on massive liquidations on the sharp rise In the yen, dealers said on Tuesday. The Dow Jones average fell 91.15 to a year's low of 4.879.53 with volume 150 million shares. The New index closed at 385.24, down 4.81. Export-oriented483 words
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Article268 1977-04-06 7 TORONTO: The market closed sharply lower on Monday, erasing gains recorded In Friday's rally. The composite Index closed 7.2 points lower against a four-point gain the previous session. Among the largest price changes', Meere Corp lost one to 34-1/4, riibee gained one to 38-1/4, Chaa slipped 3/4 to 61/2,268 words
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Article335 1977-04-06 7 FRANKFURT. Shares closed irregularly higher with most leading stocks not more than one mark changed either way, market sources said on Monday. Among Isolated gainers, In stores Kaufhof rose 2.50 marks while In engineering Mannesmann was 1.50 higher. Deiuiii and Schering In chemicals advanced between 2.20 and three marks.335 words
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Article398 1977-04-06 7 SYDNEY: Situation stocks featured in an otherwise dull market, dealers said on Tuesday. The Sydney All Ordinaries index dropped 1.83 points to 440.56. Utah rose 10 cents to $4.50 following Its one for 20 rights issue announcement, while I AC rose 11 cents to 65 cents on the 70398 words
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Article328 1977-04-06 7 JOHANNESBURG: Gold shares were steady at higher levels towards the close in line with overseas Indications on Monday, while movements were small and trade thin, dealers said. Randfont gained 75 cents to 3,900 while Blyvoor* shed 27 cents to 573. Financial minings were mixed. Coppers advanced, but Industrials eased328 words
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Article312 1977-04-06 7 AMSTERDAM: The market rose over a broad front bringing the general and dutch International stock Indices to new highs for the year dealers said on Monday. Unilever was a marked gainer In Dutch Internationals. Only Philips finished unchanged. Gains elsewhere were led by major banks and shippings. Heineken, Berkel,312 words
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Article192 1977-04-06 7 MANILA: Share priced closed mixed In dull trading on Tuesday with mining averages slightly up and commercials and oils slightly down, dealers said. Le panto recovered a little In moderate trading, closing at 0.15 Cenavo* compared with Monday's 0.1375. after the company said It would ship 14.000 wet long192 words
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Article170 1977-04-06 7 MILAN: the market closed generally lower In quiet trading on renewed political uncertainty while insolvency of two Milanese brokers had little impact. dealers said on Monday. Leading Industrials were generally lower with Olivetti ordinary marginally higher against the trend Generate Immobiiiare also closed slightly higher while all flnanclals lost170 words
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Article327 1977-04-06 7 PARIS: The market closed Irregular in thin trading ahead of the Easter holidays, dealers said on Monday. The 1/8 point fall In French call money to 9-1/4 per cent made little Impact. APR 04 Fr» CORBEILLE Alr-Llqulde B S N Gervals Danone C S F (Thomson Csf) Cle Francalse327 words
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Article133 1977-04-06 7 Bruaaeta: Most share prices rose after the stronger Wall Street trend In more lively trading, bourse sources said on Monday Sofinm. Mauaanne, Tabacofina and Cometra were all higher and L'aion Miaiere also rose slightly despite its lower dividend. Aaturienne and Arbpd both fell. APR 04 Fr» FORWARD MARKfTI Acec133 words
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Article85 1977-04-06 7 APR 05 Bahts Asia Fibre 162 *8 Bangkok Bank 275 unch Bangkok Invest 188 +3 Bangkok-Metro-politan Bank Bata BerliJucker 23! ♦4 Charoong Thai Wire 163 unch Dumex Duslt Thanl Faber Merlin First Trust Indo-Thal Industrial Finance Corp 1135 unch J And J Ho 228 1 Jalaprathan Cement 109 >185 words
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Article70 1977-04-06 7 FINANCIAL TIMES INDUSTRIAL Monday 405.6 Friday 412.5 Week ago 411.6 DOW JONES AVERAGE INDUSTRIALS Monday 915.56 Friday 927.36 Week ago 926.11 LONDON DOLLAR PREMIUM Monday delayed Friday 115% to 115% H.K. HANG SENG Monday 430.95 Friday 424.59 Week ago 418.86 SYDNEY INDUSTRIALS Monday 358.37 Friday 358.94 Week ago 357.2270 words
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282 1977-04-06 7 Reuter SYDNEY, Tues. Utah Mining Australia (UMA) said It will make a one-for-twenty rights issue of 25 Australian cents nominal shares at $3.25 a share to shareholders registered on April 29. The Issue will raise its Issued capital to 42 million shares fromReuter - 282 words
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Page 7 Advertisements
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Advertisement363 1977-04-06 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar ma/am! Because Penguin books are rather special They are m nd-stimulating, deeply researched, |l i, enterta n n 9 n a wholesome way, highly educational 14 9LI363 words
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COMMODITY REPORTS AND PRICES
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Article370 1977-04-06 8 IN the Singapore rubber market yesterday, dealers said opening quotations were marked up one cent following the late recovery in London and hovered around these levels until mid-session when greater nearby interest on shortcovering and hedge account together with forward demand for July/Sept and Oct/Dec370 words
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Article31 1977-04-06 8 Rubber: April 5 Singapore: April 196.50 eta (down 0.50 eta.) Malaysia: April 197.75 eta (down 0.50 eta) Tin: SI, 410.00 (down S18.00) Official offering: 208 tonnea (down 62 tonnea)31 words
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Article111 1977-04-06 8 April May R.A.S. (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Sellers (cent* per kg) (cents pe fkfl SSR20 <1 ton Pallet) 192.50 194 SON 194 00 196 OON SSR50 (1 ton Pallet) 190.00 192 OON 191.50 193 50N M.R.E.L.B. SMR5CV (1-ton Pallet) 220 00 222 00N 223111 words
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Article285 1977-04-06 8 (CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY) Coconut Oil. Bulk SI 12 sellers, old drum SI 17 sellers, new drum 1122 sellers. Copra: Mixed (loose) UK/Cont. $74 buyers. Pepper Muntok ASTA white f o b. 100% NLW $407 s sellers. Sarawak white f o b.285 words
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Article143 1977-04-06 8 THE Straits tin price in Penang yesterday, fell $18.00 to $1,410.00 on an official offering down 62 tonnes to 208 tonnes. In LONDON yesterday morning tin closed mostly £76 lower in both contracts. Liquidation was touched off by the lower East and the weaker trend in other base143 words
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Article569 1977-04-06 8 THE following Palm Oil prices were i are elf Rotterdam and are quoted In I quoted In London on Monday The prices JS dollar per ton unless otherwise stated Mondav Prev. Malaysia 5% ffa bulk June/Jly Sumatra 5% Mch Apl MayJune 635 sir unch 647 50 sir 645569 words
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Article295 1977-04-06 8 IN the Singapore gold market yesterday, the kllobar was nominally quoted at SSI 1,960. The loco London gold stayed at $149.75/ 150.25 the whole day as dull and quiet conditions prevailed ahead of the IMF auction today and the long Easter holidays. The London morning fix was U*****.85 down295 words
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Article200 1977-04-06 8 LONDON, Tues. Silver declined by 2.2 to 3.0 pence per troy ounce in the morning. Sentiment was dampened by the overnight drop at New York, lower gold this morning and the easier trend in base metals, dealers said. But after declining in the pre-market, values ruled steady at the200 words
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Article250 1977-04-06 8 LONDON, Tues. Copper wlrebars fell by mostly £17 per tonne in the morning. Values declined on the premarket under scattered liquidation prompted by the weak New York close, the performance on Wall Street, lower gold and the lead/ zinc labour contract situation in North America, dealers said. Three Months250 words
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Article102 1977-04-06 8 LONDON, Tues. Lead lost mostly £17.50 per tonne In the morning. Yesterday's late decline was extended during pre-market and Ring trading as further nervous liquidation pushed Three Months down to £358 per tonne. Buying support at the lower levels appeared to be mostly on trade account and was responsible102 words
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Article283 1977-04-06 8 LONDON, Tues. The terminal ended the morning easy. £81 (July £3,692) to £40 per tonne down from yesterday's close. The 6,232 lots traded included around 4,000 lots of self block trades. The market continued to move lower under nervous liquidation and stoploss selling with occasional trade support emerging on283 words
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Article199 1977-04-06 8 BANGKOK, Tues. Indicative prices quoted for rice were: US dollars per tonne fob basis Bangkok 100 per cent Ist class 286 100 per cent 2nd 269 100 per cent 3rd 264 5 per cent 254 10 per cent 233 15 per cent 230 20 per cent 227 25 per199 words
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Article130 1977-04-06 8 CHICAGO. Mon. Wheat futures closed Just off the day's lows, with losses of 4 3/4 to 4 1/4 cents a bushel. Improved winter wheat crop prospects because of the weekend rains across the plains and mid-west and weakness in soybean futures prompted speculative selling which put downward pressure on130 words
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Article182 1977-04-06 8 CHICAGO, Mon. Soybean futures finished the session three to 9 1/2 cents a bushel lower after the failure of a late rally. Prices eased at the opening as hedge selling, profittaking and speculative selling appeared after reports of farmer selling and wldespread rains over the weekend. Short-covering followed strengthening182 words
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Article187 1977-04-06 8 LONDON, Tues. Terminal opened £0.15 to £0.50 below yesterday's closing levels but slightly higher than final Kerb prices. Sales totalled 540 lots. Market sources said last night's slightly easier Kerb was prompted by trade reports of a selling tender In the Dominican Republic today for three cargoes of Apl/May187 words
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Article79 1977-04-06 8 LONDON, Tues. Zinc was mostly £3.50 lower In the morning. Values sagged In sympathy with the general tendency although losses were less pronounced largely due to reports of some physical demand at the lower levels, dealers said. Three Months eased to £387 in the pre-market but rallied to £89479 words
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MONEY AND EXCHANGES
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Article701 1977-04-06 8 THE US dollar continued Its plunge against the Japanese yen In the Singapore foreign exchange market yesterday to a new low of 272.40 yen In the midst of heavy selling pressure from Singapore, Hongkong and Tokyo. From the opening of 274.05/15 yen, the American dollar was traded to 272.40/55701 words
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Article170 1977-04-06 8 Asian rates ASIAN currency deposit interbank rates as at close c >n April 5 I'9 Dollar* (Spoil Offer Bid 7 days .5* S 1 mt h .5* 5 2 mths -.5 3/16 5 1/16 3 mths 5 5/16 5 3/16 6 mths ..5 11/16 5 9/16 9 mths 5H 5*170 words
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Article47 1977-04-06 8 RANOE of price* offer by discount houses on April 5 Overnight 3* Call deposits 3S Buy Selling 3-Month Treasury bills 3 2 7/8 3-Month Bank bills 4 1/1# 3 15 18 3-MonthsCD 4 3/8 4 1/4 6-Months 4 1/2 4 3/8 Source: National Discount Co. Ltd.47 words
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Article317 1977-04-06 8 LONDON, Tues. The yen advanced strongly In opening trading here, following its earlier gain In Tokyo, and was quoted around 272.90/ 273.20 to the dollar against 274.25/45 overnight, dealers said. They noted increasing leading and lagging operations by Japanese trading houses. Involving both Spot and Forward sales of dollars317 words
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Article240 1977-04-06 8 TOKYO, Tues. The Bank of Japan Is believed to have bought more than US$lOO million to stem a sharp rise in the value of the yen caused by large speculative selling of dollars, dealers said. The dollar for overnight delivery closed at 272.85 yen, down from 274.50 at the240 words
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Article168 1977-04-06 8 Euro rates LONDON, Tues. Eurodollar deposits opened generally steady and traded slightly harder In places, dealers said. Initial moderate turnover soon lessened as interest was satisfied, they added. One Month opened slightly easier reflecting the loss of a Friday end of period while an early flurry in Three and Six168 words
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Article31 1977-04-06 8 FRANKFURT exchanges opening quotes on April 5 US 2.3880/90 2.3884/94) UK 4.100/115 Neth 95.88/96.03 Switz 93.92/94.07 Italy 2.685/270 France 48.02/17 Norw 44.67/75 Belg com 6.520/535 Belg fin 6.505/525 Japan 0.8760/7531 words
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Article64 1977-04-06 8 Minimum lending rates (in AC BC 6*4 First Chicago 6 l Algemene Bank Citibank 6*« Bangkok Bank HSBC 7 Bank of America 6 J Indosuez 8*« Bank of China 7 Malayan Banking 6*. Bank of Tokyo 6% Mitsui Bank 6 1 Bank Negara OCBC 6>4 I ndonesla 7 OUB 6*.64 words
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Article49 1977-04-06 8 AUSTRALIA/NZ exchanges quoted on April 5 Australia: Sterling 0.6463/ 0.6394 US dollars 1.1080/ 1.1032 Ninety-day air mail buying rates; Sterling 0.6669 US dollars 1.1333 Ninety-day forward buying rates: Sterling 0.6468 US dollars 1.0965 New Zealand: Sterling 0.5599/ 0.5568 US dollars 0.9676/ 0.9567 Ninety-day forward 0.5827 US dollars 0.985649 words
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Article42 1977-04-06 8 ZURICH exchanges closing quotes on April 4 US 2.5412-5420 UK 4.3690-3720 Can 1.4025-4045 W Germ 106.36-44 Neth 102.07-15 France 51.12-15 Belg 6.94 "»-95 Denm 42.23-26 Norw 47.60-64 Swed 58.05-09 Italy 0.2862-2865 Austria 14.98-15.01 Port 6.55-58 Spain 4.69% Arg 0.70-85 Japan 0.92Vt-9342 words
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Article374 1977-04-06 8 LONDON. Tues. Dollar bonds firmed to 'A point in low turnover as business eased ahead of the coming long week-end, dealers said. The secondary market appears to be loosing some funds to the primary sector in anticipation of the many allotments due over the next few days as374 words
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Advertisement166 1977-04-06 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually w rapped and mailed) Zone Brunei. Sarawak. Sabah Australasia Pacific166 words
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TRANSPORT AND COMMUNICATIONS
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Article1712 1977-04-06 9 RICHARD JOHNS - Arab countries still constitute the fastest growth area in the world. The flow of goods to the Gulf and the Red Sea continues to increase, but port congestion remains a serious problem, though it is considerably relieved by unitised cargoes. By RICHARD JOHNS FT THE ARABFT - 1,712 words
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Article, Illustration1180 1977-04-06 9 LONDON, Tuesday FT LONDON. Tues. While port congestion has clearly been an expensive phenomenon for the Arab countries and has substantially boosted their tran-, sport costs, there Is a view that it has been of an incalculable benefit to the international shipping community whoseFT - 1,180 words
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Article, Illustration407 1977-04-06 9 EXPE(TED ARRIV ALS TODAY KEPPEL WHARVES Bunga Mas (0600) (Subject freeboard) (after Bunga Gelang) 19 Centaur (1330 after Palm Sea Horse) 15/16 Cherry Vilja (0800) 40/41 Chidambaram (0900 after Eastern Sea) (Must sail not later than 0530/7 th) 42/43 Gyosei Maru (Car Carrier) (0630 tide) 25/26 Kota Bali407 words
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Article587 1977-04-06 9 perhaps prohibitively large investment. ARRIVALS Service Local t Operator Number Time i From TMA TL304B 0530 TPE MAS MH682 0610 KCH PAA PA841 0950 SFO/HNL/OUM CAL CI816 1000 HLP CPA CX710 1000 HLP SIA SQ211 1015 HLP OIA GA9S0 1030 HLP THAI TG423 1035 BKK THAI T0981587 words
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Page 9 Advertisements
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Advertisement48 1977-04-06 9 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment* -DAILY TELEGRAPH w Peter Benchley w 'For the second time -the book you can't put down' -DAILY MAIL J<s. Now on Sale at your regular bookshop Distributed by: TIMES DISTRIBUTORS SDN. BHD. Timet House, River Valley Road, Singapore 948 words
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Article, Illustration1020 1977-04-06 10 LEE COHN - By LEE COHN NYT THE truce between the Carter Administration and Federal Reserve chairman Arthur Burns shows signs of strain, and could break down later this year. Neither side Is looking for a fight, but their divergent roles may make a clash Inevitable. That riskNYT - 1,020 words
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Article, Illustration1551 1977-04-06 10 COLIN CHEE - By COLIN CHEE SINQ A PORE's insurance industry has never been a growth leader neither as a major foreign exchange earner nor as a significant source of long term Investment funds. In short, it has failed to play a key1,551 words
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931 1977-04-06 10 KRIS MORTENSEN - THE SWEDISH ENERGY EFFICIENCY A MODEL By KRIS MORTENSEN UPI RECENT authoritative studies show that Sweden, the world's fifth largest per capita consumer of energy, is about 30 per cent more efficient in the use of energy than the United States. The average Swedish car, for example, lighter and equippedUPI - 931 words
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387 1977-04-06 10 EDWARD DELONG - By EDWARD DELONG UPI SOLAR power now supplies one-fifth of the world's energy needs and could account for 75 per cent within 50 years If an "unprecedented" commitment towards that goal Is made, according to a scientific study. TheUPI - 387 words
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Page 10 Advertisements
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Advertisement252 1977-04-06 10 §rii "AS I WAS PASSING" is now compiled into a book All those unit ies that you've meant to read, hut didn't have time for, hut which vou promised yourself you'd cut out and keep, and missed, because the papers had been used to wrap up things, or had been252 words
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Article632 1977-04-06 11 UPI TOKYO, Tues. Japan wants a review of the Japan-United States aviation transport agreement so that fair competition on trans-Paclflc air routes can be established, Japan Air Lines (JAL) officials said yesterday. But an official of Northwest Orient Airlines called the JAL requestUPI - 632 words
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Article431 1977-04-06 11 NYT HONGKONG, Tues. On the eve of the first anniversary of large demonstrations last year, which led to the ouster of former deputy Premier Teng Hsiao-plng, diplomatic sources in Peking yesterday reported that the city was quiet. But they also said there were signsNYT - 431 words
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428 1977-04-06 11 UPI TOKYO, Tues. North Korea today disclosed that it is threatened by a drought similar to the one in North China, and that the "entire people" are being mobilised to fight it. The official KCNA news agency said the central committee ofUPI - 428 words
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Article238 1977-04-06 11 CHAMPAGNE sales, whether colncidentally or otherwise, have followed world economic trends. Mr. J.D. Cleveley, managing director of Veuve Clicquot in UK, the world's third largest champagne manufacturer, said this has also been the trend In Singapore, for after a peak reached in 1973, the238 words
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Article117 1977-04-06 11 THE Industrial Training Board will be sponsoring outstanding trainees to undergo leadership and character training at the Pulau Übln Outward Bound School. The board's newsletter, ITB News, reported that up to 36 of its trainees from the 12 training Institutions will be given the opportunity to undergo such117 words
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Article100 1977-04-06 11 PHILIPPINE Airlines will expand Its present regional services with additional flights from Manila to Hongkong and Singapore and a new flight to Kuala Lumpur. Services to Singapore are being increased from five to six times weekly with the new flight departing every Saturday. Hongkong will100 words
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208 1977-04-06 11 UPI TOKYO, Tues. A top &lde of Prime Minister Takeo Fukuda left for Moscow today In a bid to break the deadlocked Japan-Soviet fishery negotiations. Chief Cabinet Secretary Sonoda flew from Tokyo International Airport at 11 a.m. (0200 GMT) on a Japan AirUPI - 208 words
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265 1977-04-06 11 Reuter MANILA, Tues. Rebel Muslim Moro National Liberation Front (MNLF) leaders here were today awaiting a response from their chairman Nur Misuari on whether they should accept a government offer of positions In the proposed provisional government for an autonomous southwestern Philippines, they toldReuter - 265 words
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253 1977-04-06 11 AP MANILA, Tues. A new 500-mllllon peso (about SSI64 million) private Filipino bank will buy the assets and liabilities of General Bank and Trust Company (Genbank), which was closed by the Central Bank for Insolvency, the new bank's chief executive officer saidAP - 253 words
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Article220 1977-04-06 11 THE Industrial Training Board's Industrial Technician Certificate in electrical engineering has been recognised by the Public Utilities Board as the qualifying criteria for granting of the electrical technician licence. However, this will be subject to the holder having at least five years of postgraduate experience. The latest220 words
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Article, Illustration756 1977-04-06 11 DENIS GRAY - By DENIS GRAY AP BANGKOK, Tues. The government's rebuff of an attempted military takeover last month may have stabilised this South East Asian nation rocked by seven changes of government In four years, but Thailand's international image and prestige were damaged InAP - 756 words
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Article91 1977-04-06 11 THE Ingersoll-Rand facility at Singapore recently shipped three integral-type gas engine-compressors to a fertiliser plant near Palem-i-bang, south Sumatra. The 1500 hp three stage units were sent by barge to the Pertamlna Jetty at PlaJu on the Musi rlv.er, together with three separate-type gas compressors (60091 words
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Article, Illustration224 1977-04-06 11 Reuter WASHINGTON, Tues. Egyptian President Anwar Sadat urged President Jimmy Carter here last night to enter a dialogue with Palestinian leaders. "The Palestinians who demonstrated moderation and a great sense of responsibility are entitled to be heard by you and the American people," theReuter - 224 words
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445 1977-04-06 11 AP ROME, Tues. The International Monetary Fund for Agricultural Development, a US$l billion (552.46 billion) Joint venture of Industrialised and 011-rlch countries, will be "the first and perhaps the most Important Institution of what we now call the new International economicAP - 445 words
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Article206 1977-04-06 11 KUALA LUMPUR. Tues. Commercial banks here have lent the bumlputra community a total of M 5289.6 million last year. This was an Increase by 36.6 per cent bringing loans outstanding to the bumlputra community to $1,081 million at the end of 1976. According to206 words
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Page 11 Advertisements
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Advertisement266 1977-04-06 11 APPOINTMENTS A Asia-Pacific Shipyard Pte. Ltd. seeks applications to the post of: ADMINISTRATIVE MANAGER REQUIREMENTS: A degree in Arts, Social Science, Business Administration or Law with at least two years' experience in both Administrative and Personnel fields Preference will be given to those with shipyard or heavy industry experience and266 words
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Advertisement287 1977-04-06 11 f A well-established Group of companies with diversified interests on both sides of the causeway requires a TRAVEL MANAGER The Travel Manager will be based in Kuala Lumpur and will be responsible for the management and development of «he (Group's travel agency business in Peninsular Malaysia. Candidates must be Malaysian,287 words
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589 1977-04-06 12 KUALA LUMPUR, Tues. The Cabinet Committee on Investment headed by Dr. Mahathir Mohamad might well turn out to be the s.raw manufacturers will clutch at to resist restructuring pressure exerted In the name of the Industrial Coordination Act. This is the589 words
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327 1977-04-06 12 Reuter UPI NEW DELHI. Tues. A special envoy of Prime Minister Zulflkar All Bhutto arrived here yesterday to explain Pakistan's proposal for a Third World summit to the new Indian Government, informed sources said today. The envoy, Mr. Shah Nawaz Khan, anReuter; UPI - 327 words
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395 1977-04-06 12 UPI Reuter WASHINGTON, Tues. The Carter administration would not support any plans to develop a US supersonic airliner to rival the Anglo-French Concorde, budget director Bert Lance said today. The administration had not asked for government funds to be usedUPI; Reuter - 395 words
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348 1977-04-06 12 KUALA LUMPUR, Tues. The Asian Development Bank has approved a US$lO million (5524.5 million) loan to Malaysia to help finance the second Penang Port expansion project. According to an ADB news release, this is the twenty-eighth loan to Malaysia and brings the ADB's348 words
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Article101 1977-04-06 12 Reuter TOKYO, Tues. Crude steel production by eight major Japanese steel mills in the fiscal 1977 first quarter ending June 30 will fall 0.2 per cent to 21.10 million tonnes from an estimated 21.15 million tonnes in the January-March quarter, the Ministry of International Trade andReuter - 101 words
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Article, Illustration189 1977-04-06 12 Reuter BANGKOK, Tues. Thailand and Malaysia will hold top-level talks here on April 11 on Joint measures to counter the activities of communist guerillas along their common border, a military spokesman said here today. He told Reuter the General Border Committee, set upReuter - 189 words
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192 1977-04-06 12 manufacturers have decided to maintain the high standard of their products as a long-term strategy to recapture their traditional markets, according to Mr. R. H. Elsender, leader of the Wolverhampton trade mission to Singapore and Malaysia, yesterday. The eight-member trade mission is192 words
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863 1977-04-06 12 NYT NEW YORK. Tues. President Carter's proposal to withdraw American ground forces from South Korea and his enigmatic description of the Air Force's future role there have sparked an intense reexamination of the strategic position in North-east Asia. South Korea and Japan areNYT - 863 words
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Article369 1977-04-06 12 UPI HONGKONG, lues. China's drought-striken areas are In a crucial period. If no rainfall is received during the first half of this month, 'the winter wheat crop of 35-40 million tonnes may be damaged severely. Other summer crops also could be affected. Cold weather winterkillUPI - 369 words
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Article236 1977-04-06 12 KUALA LUMPUR, Tues. Building contractors and dealers are complaining of another cement shortage and an increase in its price by more than 10 per cent. According to them, they have been experiencing difficulties in obtaining cement over the past few weeks. They said dealers have236 words
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Article143 1977-04-06 12 Reuter MANILA, Tues. The Ma-nlla-based Asian Development Bank (ADB) announced today the sale of two-year bonds totalling US$7O million (Ssl72 million) to 30 of the Bank's regional and non-regional member countries. The bonds, known as "ADB two-year bonds of 1977, due April 1, 1979", were soldReuter - 143 words
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Article766 1977-04-06 12 LONDON. Tues. The market was easier again today but closing levels were above the day's lows. At 3 p.m., the Financial Times Index was down 4.0 at 401.0 after 398.3. i ne rise In raw material costs underlined doubts about trade unions' willingness to accept the Government's wages766 words
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Article93 1977-04-06 12 Reuter UNITED NATIONS, Tues. Zaire has ratified the 1975 International Tin Agreement (ITA), the UN Legal Affairs Office reported. The fifth ITA came Into force provisionally on July I last year. Last week, the International Tin Council stated Bolivia had agreed to ratify the ITA andReuter - 93 words
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Article149 1977-04-06 12 THE Department of Statistics will conduct another household expenditure survey beginning this month to determine the consumption patterns of households in Singapore. The results will also be used to revise the weighting fattern In the Consumer rice Index. The survey, the first since 1972, will be149 words
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Article63 1977-04-06 12 Reuter TOKYO. Tues. Japan's unemployment In February fell to 1.010.000 (seasonally adjusted) from 1.020,000 In January, lowering the adjusted unemployment rate to 1.87 per cent from 1.88 per cent, the Prime Minister's Office said. Without adjustment, the jobless total rose to 1,220,000 from January's 1.140.000 It saidReuter - 63 words
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Page 12 Advertisements
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Advertisement155 1977-04-06 12 A -Q A' m t enjoyed and appreciated everywhere for its unique quality and taste Brewed from the finest barley, hops, yeasts and the sparkling alkaline spring water from the Laoshan Mount in China. TSINGTAO Sole Agent: KOK HONG CO. PTE. LTD, 622 Serangoon Road Singapore. TEL: *****80 *****39 Packing:155 words
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