The Business Times, 22 April 1977

Microfilm: NL9063
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, APRIL 22, 1977 SOCENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Peacock in KL
      62 1 Reuter KUALA LUMPUR, Thurs. Australian Foreign Minister Andrew Peacock arrived here today and said he would explore avenues for further economic cooperation with Malaysia as well as with Asean during his two-day visit. Mr. Peacock told reporters on arrival at Subang International Airport that Australia hoped to
      Reuter  -  62 words
    • Article
      Lock icon Alaskan oil ban
      70 1 Reuter WASHINGTON, Thurs. The House of Representatives has voted to ban the export of oil from Alaska's North Slope for two years pending plans to distribute it in the United States. The action came by voice vote on an amendment to an export administration bill on which
      Reuter  -  70 words
    • Article
      Timber trade picks up
      57 1 THE timber industry in Singapore is showing strong signs of picking up, according to the president of the Singapore Sawmlllers' Association, Mr. Fong Pin Chee. During an interview with RTS yesterday, Mr. Fong said that local timber firms are now receiving more orders for sawn kiln
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    • Article
      Mission bags orders
      42 1 KUALA LUMPUR, Thurs. A 12-man Malays. i trade mission led by a Deputy Director of the Ministry of Trade and Industry, Encik Aziz Kasim. secured orders worth M 54.377.100 durine their visit to the EEC countries and Denmark recently.
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    • Article
      Lock icon Pak martial law
      46 1 Reuter ISLAMABAD. Thurs. The Pakistan Government tonight declared martial law In the major cities of Karachi, Lahore and Hyderabad, Radio Pakistan reported. Karachi and Hyderabad had already been clamped under a round-the-clock curfew today in an effort to check continuing political violence. Reuter.
      Reuter  -  46 words
    • Article
      Tokyo supports yen
      39 1 TOKYO, Thurs. The Bank of Japan sol_ estimated US$5O million (Ssl23 million) on the Tokyo foreign exchange market today to reverse an opening downturn in the value of the yen against the US dollar, dealers said.
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    • Article
      Atomic centre
      50 1 KUALA LUMPUR, Thurs. Construction of the M 57.5 million Tun Ismail Atomic Research Centre (Puspati) in Sungei Buloh here will begin in September, Science, Technology and Environment Minister Tan Sri Ong Kee Hul said today. He said the centre, on a 20-ha site, would be operational by mid-1979.
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    • Article
      Lock icon Dow Jones
      111 1 UPI NEW YORK, Thurs. The stock market moved ahead in the morning and the Dow Jones average of 30 industrials gained 3.90 to 946.49 In the first half hour with advances taking a 3 to 2 lead over lossers. Analysts said the market drew support from the news
      UPI  -  111 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      177 1 THERE was very little change in the pattern of trading at the Stock Exchange of Singapore yesterday as share prices drifted lower in quiet trading. Conditions remained sluggish and at the close the Business Times index yielded 0.99 point to 258.47 while the Straits Times Industrial index
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    • Article
      In Kuala Lumpur
      116 1 Falls Most active Central Sugars 156.000 Berjuntal 14 40 02 U.M.W. Loan 100 000 E N E 3.06 08 vricrh a, I.nw 96 000 Rothmans 3 00 High and Low 1.4C Llngul 0.65 Sg Besi 190 KLInd 0 42 Raleigh 1.85 Prima 2.06 Rises K SI dim
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  • Article
    Act on three fronts, Hon tells ADB
    1049 1  -  'TAP ASIAN DOLLAR MARKET' By SOH TIANG KENG MANILA, Frl. Finance Minister, Mr. Hon Sul Sen, yesterday called upon the Asian Development Bank to take action on three fronts. They are: Tap funds in the Asian dollar bond market as an additional source
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  • Article
    Lock icon How the bank can help — by Yoshida
    536 1 How the bank can help by Yoshida Reuter MANILA, Thurs. The Asian Development Bank (ADB) must expand and intensify its technical assistance activities and help developing members countries absorb aid more effectively, bank president Taroichi Yoshida said today. Speaking at the start of the bank's 10th anniversary annyal meeting, Mr.
    Reuter  -  536 words
  • Article
    PAYOFFS: S'PORE IN THE CLEAR
    185 1 J. Ray McDermott, the US manufacturer of offshore oil and gas drilling equipment, yesterday cleared Singapore of involvement In any questionable payments the company made In "foreign countries." The McDermott vicepresident in charge of operations in South-East Asia and Australia, Mr. Eric R.H. Selley, yesterday
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  • Article
    Batu Matang tussle: Conplant bows out
    505 1 THE battle for control of Batu Matang Rubber Plantations appears to be all but over with the sudden capitulation of Consolidated Plantations to a higher bid put in by a small Malaysian company LYC Securities. LYC Securities' third and last offer made earlier this
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  • Article
    PETROL PRICE GOES UP
    253 1 THE price of petrol lui been raited by one cent a litre from today. The increase is to offset the higher costs of crude oil. The duty remains unchanged, according to a Ministry of Finance statement last night. The hike followed representation by oil companies in
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  • Article
    $200 m govt stocks offer is well received
    278 1 APPLICATIONS for the latest offer of $200 million government registered stocks was more than twice oversubscribed when the lists closed yesterday. According to a Monetary Authority of Singapore (MAS) announcement, bids worth more than $457 million were received for the three stocks
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  • Article
    Oil hunt to resume
    51 1 JAKARTA, Thurs. The independent IndonesianAmerican Petroleum Co (IIAPCO) has earmarked a sum of US$7O million (Ssl72 million) for exploration and production purposes this year, Indonesian oil sources said today. It Is the first foreign oil firm which has expressed its readiness to resume oil explorations in
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  • Article
    Why '76 loss by Haw Par will be much higher
    506 1 THE 1976 loss for Haw Par Brothers International will be substantially increased because of a sharp collapse in the value of the company's shipping assets. This Is the message Haw Par gave to shareholders yesterday when it drew their attention
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  • Article
    $12 mil INTEREST-FREE LOAN FOR EIDAI
    112 1 FINANCIALLY troubled Singapore Eidai Corp. has received a 511.85 million loan from its Japanese parent company to repay some of its outstanding debts. The loan, which will be interest-free, will be used to repay money borrowed from Singapore Japan Merchant Bank Ltd ($500,000) and
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      68 1 SEXTUS DE SUVA jeweller FOR FINE JEWELS DIAMONDS GEMS SEXTUS DE SUVA 4 HYDE (PTE) LTD JEWELLERS Of DISTINCTION COLD STORAGE ARCADE 179, ORCHARD ROAD, SINGAPORE 9 TEL *****3 See page 11) INSIDE Overseas Stocks -P7 News/TV Radio -P2 Commodity -PB* er Transport CotnNews/Feature -P3 mun.citions -P9 Local Co News
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    • Advertisement
      Page 1 Advertisements Column 2
      102 1 Copy large size originals on one sheet, size for size— no trimming, no sticking together. Xerox 3103 No matter what the originals. Up to 14" by 18" or 356 mm by 457 mm. Solids. Haif tones. Or pale blue. The Xerox 3103 gives perfect reproductions. Every time. Size for size.
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      Page 1 Advertisements Column 3
      3 1 SEE BACK PAGE
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      Page 1 Advertisements Column 4
      181 1 i'f par GOLF™ LTD the golfer's shop *AR EAST Shopping centre orchard road Singapore 9. Tel i'o?3e V V A Wayfoong MAFloan run help you get through the difficult months of nny business A big idea isn't enough. A business needs Wiyfoong MAF. Wayfoong MAF can help a ha new
      181 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Carter praised but his energy plan may mean slower growth
      1249 2 Reuter NYT NEW YORK, Thurs. I Economists and Wall Street analysts called President Carter's energy package a < courageous effort in the battle to conserve energy, i but said it will no doubt < mean a slower rate of US
      Reuter; NYT; Source: UPI photo  -  1,249 words
    • Article
      Lock icon 'DEFEAT LIKELY'
      92 2 Reuter WASHINGTON, Thurt. Senator Henry Jackson, chairman of the Senate Energy Committee said the five cent energy tax proposed by President Carter "won't make a ripple" in conserving fuel and predicted Congress would reject it. House of Representatives Speaker Thomas O' Neil said Mr. Carter would face a
      Reuter  -  92 words
    • Article
      Lock icon THE MAJOR ELEMENTS AT A GLANCE
      405 2 AP WASHINGTON, Thurs. Here are the major elements of President Carter's Energy Plan as outlined before a joint address to the US Congress on Wednesday night: A standby gasoline tax increase, starting at five cents per gallon and rising to 50 cents after 10
      AP  -  405 words
    • Article
      Lock icon GNP growth will be less erratic for the rest of 1977
      446 2 Reuter WASHINGTON, Thurs. Commerce Department chief economist Miss Courtenay Slater said real Gross National Product growth will be less erractic during the remaining quarters of 1977 because of the unexpectedly strong first quarter growth. She told a press conference
      Reuter  -  446 words
    • Article
      Lock icon 'Wage and price controls are unnecessary'
      163 2 Reuter WASHINGTON, Thurs. Treasury Secretary Michael Blumenthal, defending President Carter's voluntary antiinflation programme, said the Administration can achieve its moderate targets without resorting to wage and price controls. He told a House Banking Subcommittee the Administration is dedicated to reducing and ultimately eliminating inflation.
      Reuter  -  163 words
    • Article
      Lock icon Uranium service will re-open
      87 2 Reuter WASHINGTON, Thurs. President Carter said he is re-opening the order books for uranium enrichment services overseas. He told Congress while outlining his energy programme he will propose legislation to guarantee the sale of enrichment services to any country which agrees to comply with US requirements
      Reuter  -  87 words
    • Article
      Lock icon Ecuador's oil reserves placed at 1.8 bil barrels
      92 2 Reuter QUITO, Thurs. Ecuador has recoverable oil reserves of 1.8 billion barrels of which 1.4 billion are in deposits currently being exploited, Ecuadorean Natural Resources Minister General Eduardo Semblantes said. According to technical surveys, there are other areas which show favourable prospects
      Reuter  -  92 words
    • Article
      Lock icon Ley land's new Mini to get go ahead
      141 2 Reuter LONDON, Thurs. A management review of the future of British Leyland will recommend continuance of the £250 million (551.055 million) investment to produce a new Mini car, informed industry sources said. However, the review of Leyland s expansion and investment plans,
      Reuter  -  141 words
    • Article
      Lock icon Japanese praises for the new policy
      101 2 Reuter TOKYO. Thurs. Japanese Minister of International Trade and Industry Tatsuo Tanaka said his Ministry believes the new US Energy Policy announced by President Carter will produce desirable effects upon the world demand-supply relationship lor energy. Mr. Tanaka said in a press statement the
      Reuter  -  101 words
    • Article
      Lock icon W. Europeans paying more for less ...
      330 2 W. Europeans paying more for less AP BRUSSELS, Thurs. Prices paid by consumers in Western Europe were rising at a rate of 14.5 per cent a year In February. There were huge differences among the West European countries themselves. In West Germany, the rate was 4 per cent, but it
      AP  -  330 words
    • Article
      Lock icon Reconvene talks on trade call
      223 2 AP GENEVA, Thurs. Special US Trade Representative Robert S. Strauss, called today for a reconvening of the Geneva talks for world trade liberalisation. Further delay in the negotiations that have idled for more than a year "is a luxury the world can no longer afford,"
      AP  -  223 words
    • Article
      Lock icon 'Oman looking to coal and copper'
      169 2 UPI KUWAIT, Thurs. Sultan Qabous of Oman told the newspaper Arab Times in an interview published yesterday that Oman was developing copper and coal resources in preparation for the day when oil supplies run out. In 1975, the last year for which complete figures
      UPI  -  169 words
    • Article
      Lock icon No change
      46 2 Reuter NEW YORK. Thurs. The Austrian Government does not intend to allow the schilling to depreciate against the mark this year as far as it is able to influence the rate. Austrian vice Chancellor and Finance Minister Hannes Androsch told a press conference here.
      Reuter  -  46 words
    • Article
      Lock icon Group's bid to boost IMF resources
      714 3 TALKS TO RESOLVE DIFFERENCES Reuter PARIS, Thurs. Group of 10 Finance Ministers will meet in Washington on April 27 to try to resolve several key divergences on how best to increase official funds to finance payments deficits. International economic sources said. The main issue
      Reuter  -  714 words
    • Article
      Economic pick-up: Paris to sustain policies
      253 3 PARIS, Thurs. French Prime Minister Raymond Barre said the Government will continue to apply its economic recovery policies while fighting inflation. He said in a television interview there is no incompatibility between the fight against Inflation and the fight against unemployment. "We must master
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    • Article
      Lock icon Queen's shareholdings to remain a secret
      363 3 FT LONDON, Thurs. Shareholdings of the Queen are to be exempted from a provision of the Companies Act 1976 which also enables companies to require disclosure of the true owners behind nominee holdings of their capital. An announcement is expected to be made within
      FT  -  363 words
    • Article
      Lock icon The poor, idle farmers...
      361 3 AP WASHINGTON, Thurs. The United States is largely responsible for promoting agricultural techniques that are unsulted to developing nations and leave hundreds of farmers idle, food specialists told a conference on hunger yesterday. "Farming can be mechanised, but it does not have to be done in
      AP  -  361 words
    • Article
      Lock icon WHEN CUBA TRADE BAN IS LIFTED
      510 3 AP HAVANA, Thurs. US trade with Cuba could total US$l.5 billion (553.7 billion) within one to two years after the US trade embargo against the communist island is lifted, a Cuban ♦rade official said yesterday. There is no trade at all between the two
      AP  -  510 words
    • Article
      Lock icon Castro eyeing the tourist potential
      232 3 Reuter SANTA MARIA DEL MAR, (Cuba). Thurs. Cuba was ready to welcome American tourists and would permit the opening of air links with the US, President Fidel Castro told the first American businessmen to visit Cuba officially In 16 years. He also told the 50member
      Reuter  -  232 words
    • Article
      Lock icon 'Collection of weak and not very popular govts'
      266 3 UPI WASHINGTON, Thurs. In a preview of next month's London summit of industrial nations, the Carter Administration was told yesterday that Western economic problems are essentially political and the US policy has a heavy impact on Europe. The most urgent warning came
      UPI  -  266 words
    • Article
      Lock icon Bonn index
      34 3 Reuter WIESBADEN, (West Germany). Thurs. The West German producer price index (base 1970), rose o.3per cent to 144.1 in March after rising 0.3 per cent in February, the Federal Statistics Office said.-Reuter.
      Reuter  -  34 words
    • Article, Illustration
      Lock icon EEC won't put up with lop-sided trade
      433 3 AP CHICAGO, Thurs. The increasing imbalance In trade between the United States and Europe cannot be tolerated, the president of the commission of the European communities asserted yesterday. "No European can Ignore the present growing Imbalance In trade between the Community and the
      AP  -  433 words
    • Article
      'Europe House won't threaten the Commons'
      400 3 LONDON, Thurs. The projected Parliament of the European Economic Community poses no threat to the power or position of Britain's House of Commons. Foreign Secretary David Owen said yesterday. "I can see no such threat either at this moment or in the future." said
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    • Article
      Lock icon Emergency food reserves
      135 3 Reuter GENEVA, Thurs. Rich nations must build up emergency food reserves of at least 20 million tonnes to prevent widespread starvation in poor countries, a UN official warned yesterday. Mr John Hannah, executive director of the UN's World Food Council, told a news conference here that creation
      Reuter  -  135 words
    • Article
      Lock icon SCHMIDT BACKS SPAIN'S ENTRY
      146 3 Reuter BONN, Thurs. Chancellor Helmut Schmidt underlined West Germany's support for Spain's entry into the European Community when he saw King Juan Carlos here yesterday. "We shall support you as far as we are able to In consultations with our EEC partners." He said In a
      Reuter  -  146 words
    • Article
      Lock icon Ne Win for China
      41 3 UPI RANGOON. Thurs. Burmese President U Ne Win will visit China in the very near future, a Foreign Ministry spokesman said today. Mr. Ne Win will be accompanied by his wife. Uadana Natmai, the spokesman said. UPI.
      UPI  -  41 words
    • Article
      Lock icon Third social contract likely after July
      343 3 Reuter LONDON, Thurs. The Confederation of British Industry believes a third phase of income policy starting in August will eventually be agreed between the Government and unions but is unlikely to be decided before mid-July. CBI president Lord Watkinson said: "The Government will have
      Reuter  -  343 words
    • Article
      Lock icon Bundesbank to discuss 'signs'
      249 3 Reuter FRANKFURT, Thurs. The Bundesbank's Central Bank Council Is expected to discuss whether some of the latest economic indicators point to a slow-down in real German growth, commercial bank economists said. But at its meeting today, the .council may have to forego major credit policy changes
      Reuter  -  249 words
    • Article
      Lock icon Bank of England eases shortage
      151 3 Reuter LONDON, Thurs. The Bank of England yesterday bought between £100 million (Ss42o million) and £150 million of treasury bills direct from some discount houses and also purchased about £50 million of local authority bills to relieve a moderate shortage of credit, market sources said.
      Reuter  -  151 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      26 2 This announcement appears as a matter of record only. Public Utilities Board, Singapore U5528,600,000 Term Loan Co-financed by Asian Development Bank Bank of America NT &SA
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      328 2 WEATHER report for 24 hours prior to 7.30 p.m. on April 21 at Singapore airport. Maximum Temperature 33.2° C Associated Humidity 62 Minimum Temperature 23.5° C Associated Humidity 96 Hours of Sunshine 8.45 Rainfall in Millimetres Nil Total Rainfall for the Month 16.6 Total Rainy Days for the Month 5
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      232 3 See Page 10 t irs it I w presents Maxim's very \VV own chefs and Maitre\\ d'Hotel from left to right Bruno Stril. Claude Lebevre Alain Privys Lfeon Chanel A great uuy to fly I In tke tradition of eaperors. For lunch, come to our "APRIL IN PARIS" buffet. And
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  • COMPANY NEWS
    • Article
      Intraco unlikely to repeat last year's buoyant results
      560 4 THE bouyant trading conditions, which boosted both sales and profit at Intraco last year, are unlikely to be equalled this year In the latest Intraco annual report. Chairman Mr. Goh Tjoei Kok says that because of sluggish world trade, consumer spending and
      560 words
    • Article
      Ailing Bovis establishes joint venture company
      299 4 AILING property and construction group, Bovis South East Asia has taken an important step towards a return to profitability with the establishment of a joint-venture company to undertake general building and construction work Its first contract is to build a Ms 33 million multistorey
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    • COMPANY MEETINGS
    • Article
      DIVIDENDS ANNOUNCED
      675 4 Current E> Date Total for Total far payment Date payable the year previoua year Kamuntinc Tin 25 641 Mar 16 Apr 22 25 64%I NIL Sthn. Kinta Con*. 25%I Mar 16 Apr 22 25%I 115 4% K.L. Kepong Drb. 5 25%I Apr 7 Apr 25 5 25% I
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    • Article
      Seacorp experiences slow performance
      499 4 GROWTH at South East Asia Development Corporation slowed down considerably during the year ended Jan 31. 1977 For the year, group pretax profit rose by only 4.6 per cent to M 53.31 million against the near 60 per cent rise to $3.17 million in the previous
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    • Article
      CHICAGO BOARD OPTIONS
      1508 4 On April 20 TRADING In options on the Chicago Board Options Exchange expanded to 105,300 contracts on Wednesday, compared with 96,144 contracts on Tuesday. OPTION JLY OCT JAN STOCK Alcoa SO 8 1/8 UNTRD 58 1/4 Alcoa 60 1 1/8 2 1/18 UNTRD 58 1/4 Am Tel
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    • Article
      H and L
      62 4 HIGHLANDS and Lowlands has declared a final dividend of 7'i cents, which with a first interim of 7'z cents and a second Interim of five cents brings Its total distribution for the year ended Dec 31, 1976 to 20 cents. The dividends payable are In cents and
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    • Article
      Malayan Cement suffers sharp earnings decline
      1017 4 A SHARP drop In the earnings of its Malaysian associate companies was the main cause of the 15.7 per cent decline In group pretax profit to $16.96 million at Malayan Cement for the year ended Nov 30, 1976. Associated Pan Malaysia Cement, Cement Marketing
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    • Article
      Malayan Cables is back on profit growth path
      481 4 AFTER a particularly disappointing first half-year, Malayan Cables is now firmly back on the growth path, with n 12 per cent increase in pre-tax profit to M 53.95 million tor the year ended Dec 31. 1976. Backing up the encouraging upturn, particularly
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    • Article
      CRM ends feasibility study on K. Langat dredge project
      132 4 CONZINC Riotlnto Malaysia has completed a feasibility study on building a second dredge to work a 569hectare area It subleased In the Kuala Langat area of Selangor state. However, a company spokesman said local press reports that It planned to build
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    • LATEST RESULTS
      • Article
        EMPAT NOMBOR EKOR
        70 4 Unaudited group pre-tax profit $14.65 million ($11.45 million) for the year ended Dec 31, 1976. Tax $7.24 million ($5.19 million) and extraordinary expenses $650,000 ($407,000), leaving net profit $6 76 million ($5.86 million). Second interim dividend 10 per cent (same), which with first interim of five per
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      • Article
        AJINOMOTO (MALAYSIA)
        55 4 Audited pre-tax profit Ms 3 3 million ($2.91 million) for the year ended Dec 31, 1976. Tax $1 82 million ($1.34 million) leaving net profit $1 48 million ($1.57 million). First and final 12 per cent tax exempt dividend (same), payable on May 28 to shareholders registered in
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      500 4 Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own economies and the role of IMF in frustrating these efforts. A
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Hawker enjoys buoyant results
      312 5 Reuter LONDON, Thurs. Vastly Improved earnings from its non-aerospace division contributed to the sharp 53 per cent growth In Hawker Slddeley group profit last year. Pre-tax profit in 1976 shot up to £72.98 million on sales of £72.98 million on sales of £974 million (£829 million)
      Reuter  -  312 words
    • Article
      Lock icon Du Pont declines
      135 5 Reuter NEW YORK, Thurs. Du Pont said net earnings for the first quarter this year came to U552.45 a share or $121 million compared with $2.80 a share or $137 million in the previous quarter. Sales amounted to $2.27 billion against $2.1 billion. The company had earlier
      Reuter  -  135 words
    • Article
      Lock icon German bond sales up
      236 5 Reuter FRANKFURT, Thurs. Net domestic sales of new bonds on the West German capital market In March rose to 4.12 billion marks from 3.42 billion In February but were below the 5.12 billion In March 1976, the Bundesbank said. Gross bond sales last month came to
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    • Article
      Lock icon BHP steel output down
      203 5 Reuter MELBOURNE, Thurs. Broken Hill Pty (BHP) said it produced 565,000 tonnes of steel in March, the same quantity as In February, but well below the 706,000 tonnes produced In March 1976. BHP said raw steel production would have been higher but for labour disputes at
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    • Briefly
      • Article
        Lock icon Pfizer
        68 5 Reuter NEW YORK, Thurs. Pfizer expects an Improving rate of growth in sales and earnings as the year progresses, president Mr. Gerald Laubach told the annual meeting. Mr. Laubach said the company plans to spend about USSIOO million In research and development In 1977. Pfizer currently has a number
        Reuter  -  68 words
      • Article
        Lock icon U. Biscuits
        40 5 Reuter LONDON. Thurs. United Biscuits (UK) plans offer a US$3O million 12-year Eurobond, lead manager Morgan Grenfell said. Average life will be 10.8 years. Proposed coupon Is 9V< per cent, while pricing will be on May 2. Reuter
        Reuter  -  40 words
      • Article
        Lock icon Tumosan
        94 5 Reuter ANTARA. Thurs. The Turkish motor industry and trade corporation, Tumosan. has signed four licensing agreements requiring US$475 million worth of foreign currency financing as part of a total $800 million Investment, company officials said. The firm is Involved In discussions for a series of further agreements to produce
        Reuter  -  94 words
      • Article
        Dai'ei
        51 5 TOKYO,Thurs— After-tax profit at Dai'ei amounted to 4.94 billion yen on sales of 778.5 billion yen for the yar ended Feb 28, 1977. This compares with an after-tax profit of 4.23 billion yen and sales of 706 billion yen previously. The company Is paying an unchanged dividend of 15
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      • Article
        Lock icon Leyland
        59 5 Reuter SYDNEY, Thurs. Leyland Motor of Australia said It raised by four per cent, the prices of Its upmarket Imported cars, effective April 18. The rise applies to the Range Rover, Jaguar, Daimler and Triumph 2500 ranges. Leyland said the rise was decided on before the Australian and State
        Reuter  -  59 words
      • Article
        Lock icon EMI
        48 5 Reuter LONDON, Thurs. EMI said it Is forming a new company In Hongkong which will Initially concentrate on building up a market and service organisation to support development of scanner sales In South-East Asia. The company will be part of the recently formed EMI Pacific regions operations.
        Reuter  -  48 words
      • Article
        Lock icon Reed Int'l
        54 5 Reuter LONDON, Thurs. Reed International plans to float a US$3O million bond, due 1987 with an expected nine per cent coupon, S.Q. Warburg said as lead manager. A sinking fund will operate from 1983 to give an average life of 8.7 years. Final terms are expected to be
        Reuter  -  54 words
      • Article
        Ashland
        90 5 NEW YORK, Thurs.- Ashland Oil expects to report record earnings for the second fiscal quarter and the six months ended March 31, chairman Mr. Orln E. Atkins told a conference sponsored by Institutional Investor magazine. In the previous second quarter Ashland earned 68 US cents a share and for
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      • Article
        CZ
        49 5 NEW YORK. Thurs. Crown Zellerbach said net first quarter earnings this year fell about 15 per cent despite higher sales. Net earnings came to US$2O.7 million or 82 cents a share compared with $24.3 million or 97 cents a share previously. Sales were $546 million against $502 million.
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      • Article
        Mitsubishi
        44 5 TOKYO, Thurs. Mitsubishi and two affiliated firms said they have won an order for eight electric locomotives and their equipment worth 1.9 billion yen from Panama Canal Co. They said the locomotives will be used to tow ships cruising through the Panama Canal.
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      • Article
        Lock icon Algemene
        38 5 Reuter LONDON, Thurs. Algemene Bank Nederland said the issue price of Its 100 million guilder 8.75 per cent capital debenture due 1978/ 1997 has been fixed at 101 per cent. Subscriptions will close on April 22. Reuter
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    • Article
      Lock icon American Cyanamid aims to improve
      193 5 Reuter PORTLAND, Me..Thurs.— American Cyanamld expects to snow a good improvement In 1977 over last years results, chairman Mr. James O. Affleck told the annual meeting. However, net earnings for the first quarter fell to US$3l.6 million on sales of $564.5 million from $40.2 million
      Reuter  -  193 words
    • Article
      Lock icon Burmah Oil setback
      77 5 Reuter LONDON, Thurs. Burmah Oil made a pre-tax toss of £7.99 million last year compared with a loss of £13.59 million. The company reported that turnover net of duties amounted to £846.1 million against £914.8 million in 1975. Trading profit was severely reduced to £8.7 million from
      Reuter  -  77 words
    • Article
      Lock icon ICI Finance
      58 5 Reuter FRANKFURT, Thurs. ICI International Finance of Hamilton, Bermuda, is raising a 150 million mark 6% per cent maximum 10 year Eurobond, lead manager Berliner HandelsUnd Frankfurter Bank said. The bond, guaranteed by Imperial Chemical Industries of London, will be redeemed over the final four years and Issue
      Reuter  -  58 words
    • Article
      Lock icon AT and T higher profit forecast
      214 5 Reuter KANSAS CITY, Thurs. American Telephone and Telegraph reporting Its first calendar quarter earnings said on an annuallsed basis ATT would earn U556.79 this year against $5.55 for the year earlier period. Net earnings for the first quarter to March 31, 1977 rose to
      Reuter  -  214 words
    • Article
      Lock icon Rockwell backlog
      188 5 Reuter PITTSBURGH, Thurs. Rockwell International said backlog, including unfunded aerospace orders, at March 31 was US$4.5 billion compared with $4.2 billion a year agdS Rockwell said backlog, Including committed and funded aerospace orders, was $2.8 billion, up from $2.1 billion in 1976. The company reported that net earnings
      Reuter  -  188 words
    • Article
      Lock icon Polaroid's new system
      110 5 AP NEW YORK, Thurs. Polaroid has given out a new hint about Its long-awaited Instant motion picture process. In a form 10-K disclosure statement filed with the US Security and Exchange Commission released on Tuesday, Polaroid said Its "Instant motion image system has passed from the development
      AP  -  110 words
    • Article
      Lock icon Mining industries need A$7.5 bil
      215 5 Reuter SYDNEY, Thurs. The Australian mineral Industries will have to raise an estimated A 57.5 billion in the five years to mid-1981 to finance future development, National Bank of Australasia economist Mr. B.L. Hamly said. In a speech prepared for delivery to the Australian Petroleum
      Reuter  -  215 words
    • Article
      Lock icon Basf to raise dividend
      104 5 Reuter LUDWIGSHAFEN. Thurs. Basf proposes a 1976 dividend of 8.50 marks (seven) after parent company net profit of 356 million marks (273 million), a spokesman said. He said the higher dividend will be paid on capital raised by end December to 1.77 billion marks from 1.72
      Reuter  -  104 words
    • Article
      Lock icon Allied Minerals, CRA in takeover talks
      156 5 Reuter PERTH, Thurs. Western Australian mineral sands miner. Allied Minerals, said It has begun talks with Conzlng Rlotlnto of Australia (CRA) on a possible sale of its assets to CRA. Allied said any sale Is not likely to yield Its shareholders an amount In
      Reuter  -  156 words
    • Article
      Lock icon Akron facing serious problems
      1031 5  -  'RUBBER CAPITAL OF THE WORLD' By Reginald Stuart NYT THIS time a year ago, this midsize north-eastern Ohio city, commonly known as the "rubber capital of the world," was hours away from plunging Into the longest strike by rubber workers in the history of the Industry.
      NYT  -  1,031 words
    • Article
      Lock icon P.T. Perto, Japanese firms chrome agreement
      204 5 Reuter TOKYO, Thurs. Indonesia's P.T. Perto signed a formal agreement with a group of three Japanese companies in Jakarta on chrome mining exploration in Sulawesi, the Japanese firms said. The companies Kanematsu Gosho, Kawatetsu Trading and Chugal Mining said the accord provides for the
      Reuter  -  204 words
    • Article
      Lock icon GM head hits at EPA's proposals
      128 5 Reuter DETROIT,Thurs.— General Motors chairman Mr. Thomas A. Murphy criticised the stand of the Envlronmenal Protection Agency in support for a one-year extension of the anti-pollution standards for cars instead of the two years sought by the Industry. Mr. Murphy said In a statement
      Reuter  -  128 words
    • Article
      Lock icon SCMP's interim payment
      116 5 Reuter HONGKONG, Thurs. South China Morning Post on Tuesday declared an Interim dividend of 25 HK cents (45 cents) on the capital increased by a one-for-one scrip last year payable on May 17. The company said trading results for the first halfyear ended Dec 31, 1976, were
      Reuter  -  116 words
    • Article
      Lock icon Hudson's Bay spending
      57 5 Reuter CALGARY, Thurs. Hudson's Bay Oil and Gas capital spending In 1977 will be about US$l3O million, chairman Mr. D.C. Jones said in the annual report. The company's exploration programme will require $70 million, of which $50 million will be Invested In Canada. The majority of domestic
      Reuter  -  57 words
    • Article
      Lock icon Unilever expects steady growth
      356 5 Reuter ROTTERDAM, Thurs. Unilever expects reasonable growth In 1977 and sales by volume are expected to rise by about three or four per cent, Unilever NV executive board chairman Mr. Frans Van Den Hoven told the annual press conference. Sales rose by eight per cent in
      Reuter  -  356 words
    • Article
      Lock icon Nippon Mining Eurobond
      116 5 Reuter TOKYO, Thurs. Nippon Mining said it will float a US$l5 million, five-year Eurobond late next month to raise funds to cover about one third of capital investment in fiscal 1977, lust started. The company said it is negotiating with an underwriting syndicate led by Credit Swiss
      Reuter  -  116 words
    • Article
      Amalgamated Metal US outlook bright
      392 5 LONDON, Thurs. Provided confidence can be nurtured through the continued control of Inflation, there should be a marked Improvement In the level of business activity by the year end, particularly in the US says Mr J.D. Robblns, the retiring chairman of Amalgamated Metal. The recent
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      395 5 Q Shonqri to hrtfJ CONFERENCE PAPERS AND SPEAKERS "The Re-emergence of the Arab Countries in the Politics. Economics and Culture of the world"' by Professor G.G. Thomson MA. (Hons) (OXONi. M A (Hons) (EOIN). OBE. PJG. Visiting Professor. Department of Government Public Administration. Nanyang University. Singapore; former Deputy Secretary. Ministry
      395 words
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  • Article
    Share Information Service
    2033 6 1977 High Low Lact Company Ml +orGr'» «T Dh C'»T Gr's y'M Not Vol Day P/* CM*) Higk Low SECTION ONE INDUSTRIALS 140 133 204 78 212 66 198* 163 219 392 136 127 204 61 212 57 158 155 182 364 Acma Acma A Alcom Allied
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  • Article
    Transactions in Singapore
    1134 6 BID and offer prices officially listed and business tn 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 Kited after the word "Sett." Board deals
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  • Article
    In Kuala Lumpur
    1126 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 AMI! <1 398). Alcam (1.888). A. CMC (0 60B). A M
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  • Article
    Stock options
    91 6 STRIKING price* of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. D.B.S. (June $3.90) (0.05*8 0.08S) (Dec $3.60) (0.268) Inchcape (June $2.40) (0.108) 0.U.8. (June $3.50)
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  • Article
    Unit trusts
    151 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Muuiert' price* far Apr 22) pnm INCOME BOND -.1.04 1.10 The Commerce 1.73 1.83 The Saving Fund .0.89 O M MARA BUMIPUTRA FUND S'pore Prof Fund .0.79 0 84 (Manager*' price* for Apr 22) S pore Security Fund 1.47 1 55 S'pore
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  • Article
    Corporate bonds
    170 6 B O T 8 1/2% 1981 (100,000) (1038 103*«S) D B S 8 1/2% 1982 (100,000) (100 V*B 100%S) DBS Converts 6 1/2% l*9i (100,000) (97 V«B 98S) E I B 9% 1982 (100,000) (103VbB 104 KS) E 1 B 8 1/4% 1983 (100,000) (100*«B 101 V,S) I
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  • Article
    Domestic govt bonds
    68 6 5 1/2% 15/4/78 (250,000) (101.565) 7% 1/7/79 250,000) (104.70B) 6 3/4% 15/S/80 (250,000) (103.30B) 6 3/4% 1/12/80 (250,000) (103.10B) 5% T F 15/4/81 (250,000) (101.408 101.50S) 5% T F 15/10/81 (250,000) (101.358 101 455)" 5 1/4% T F 250,000) (102.655) 7 1/4% 15/4/86 (250,000) (100.SOB) 7 1/4%
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      404 6 THE GREAT BOOKS of the beautiful, durable bindings Is the fundamental ideas of i||illßCl IJ science, history, psychology, WW mHI 111 IMii^ Here in beautiful, durable bindings is the whole record of the fundamental ideas of mankind science, history, psychology, mathematics, theology, literature and poetry. This magnificent library provides the
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  • Article
    Prices drift lower
    448 7 IT wai still the same routine of quiet trading within narrow limits at the Stock Exchange of Singapore yesterday. Many in the market believe that the present is as good as any other time to buy into selective stocks, which are going at bargain levels. But investors
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  • Article
    Quiet, sluggish trading at KL
    565 7 SLUGGISH featureless trading prevailed at the Kuala Lumpur stock market yesterday as shares fluctuated lower under mild selling pressure. Attempts were made in the early afternoon at holding levels steady but proved too feeble. So after an initially barely steady opening, prices drifted quietly downwards.
    565 words
  • Article
    Lock icon Carrington to raise £10m
    92 7 Reuter LONDON. Thurs. Carrington Vlyella said it proposes to raise about £10 million through a placing of 40 million ordinary shares among institutional investors at 25.5 pence per share. New shares to be issued will rank for any dividends payable fo 1977 which are forecast at
    Reuter  -  92 words
  • WALL STREET AND OTHER OVERSEAS MARKETS
    • Article
      New York
      1166 7 NEW YORK. A flow of favourable corporate earnings reports and diminishing concern about the impact of President Carter's energy proposals moved stock prices higher over a broad front In moderately active trading on Wednesday. Analysts said investors were also encouraged by a government report that real US Dross
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    • Article
      Jo'burg
      373 7 JOHANNESBURG: Gold shares were easier on Wednesday, reflecting the lower bullion price and a lack of London interest, dealers said. Minor losses were shown across-the-board in dull trading. Financial minings were easier but relatively Inactive. Coppers were mixed. Latlnums were quiet and unchanged. Other metals were quietly traded. De
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    • Article
      Tokyo
      549 7 TOKYO: Prices rose sharply on Thursday, to a new year's high for the second consecutive day on active selective buying concentrated on resources and large asset shares and speculatives, dealers said. The Dow Jones average rose 38.63 to 5,157.07 with vo'ume 400 million shares. The ie. index closed at
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    • Article
      Sydney
      414 7 SYDNEY: The market was generally slightly firmer on Thursday, although energy stocks were weak, dealers said Pancontinental lost 30 cents to 11.40. Peko Wallaend four cents to 5.12 and Kathleen two cents to 1.18. Elsewhere in minings Western Mining rose one cent to 1.67 and Woodside Burmah three cents
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    • Article
      Paris
      371 7 PARIS: The market moved easier In quiet trading on Wednesday. with dealers expressing some disappointment in the government's plan to help the steel Industry. Engineering and metal companies slipped by as much as seven per cent, with Denain Marine Wendel and Puk all lower. Altthom. CGE and larrefour also
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    • Article
      Amsterdam
      319 7 AMSTERDAM: Shares were mixed in quiet conditions on Wednesday, with the general stock index finishing unchanged. Dutch internationals were led down by Hoogovens and Unilever but Philip* gained some ground. Banks and shippings were mixed Nationale Nederlanden led gains in Insurances on Its bonus share Issue ranking for the
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    • Article
      Frankfurt
      346 7 FRANKFURT: Bhares were generally up to seven marks higher across-the-board on Wednesday. In active trading and due to institutional ana foreign investor buying, market sources said. Basf which announced a higher dividend, for 1976, rose three marks. Brown Boveri, after detailing a rights Issue rose 13 marks. Thysaen. which
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    • Article
      Zurich
      304 7 ZURICH: The mark** "ontlnued slightly firmer In active dealings on Wednesday. Small gains predominated in flnanclals while banks were Irregular. Oerlikon-Buehrle remained around previous day's closing levels, as the dividend hike for 1976 and proposed capital Increase had already been discounted. Insurances pointed higher with Zuerich Versischerunc little changed
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    • Article
      Brussels
      152 7 BRUSSELS: The market was mixed to lower in thin accountday trading on Wednesday, discouraged by the decline on Wall Street, dealers said. Electrobel, Unerg and Finoutreaer rose, while Asturienne, ACEC, Solvay, Moaane. Tessenderloo and Arbed fell Oold mines. US stocks and French issues fell. UK and Dutch stocks were
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    • Article
      Toronto
      312 7 TORONTO: The market closed moderately higher in light trading on Wednesday. Advances led declines 203 to 194. INCO A gained 5/f to 31 on higher first quarter results. Dominion Textiles A rose to 7% after reporting improved third quarter earnings while Heitman Canadian Kealty Investors eased to 6% on
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    • Article
      Manila
      198 7 MANILA: Mining and oil Issues declined across-the-board on Thursday, In slow trading following another fall in metal prices, while commercial and Industrial Issues rose moderately In dull trading, dealers said. Total turnover fell slightly to 1.78 million pesos from Wednesday's 1.79 million. San Miguel "A" rose but Acoje Mining,
      198 words
    • Article
      Milan
      156 7 MILAN: The market closed mixed in quieter trading on Wednesday. unable to maintain Tuesday's general Improvement, dealers said. Flat and Saia Viscosa lost ground, while Montedison. Generate Immobiliare, both Pirellis and Olivetti firmed In leading Industrials. Financials and Insurances lost ground and Mediobanca was marginally higher In banks Bonds
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    • Article
      Hongkong
      9 7 ALL Hongkong markets were closed yesterday (Queen's Birthday)
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    • Article
      Bangkok
      88 7 APR 21 Bahts Asia Fibre 170 unch Bangkok Bank 291 10 Bangkok Invest 175 Bangkok-Metro-politan Bank Bata 425 -14 Berli Jucker 240 15 Charoong Thai Wire 1S1 Dumex Dusit Than! Faber Merlin First Trust Indo-Thal Industrial Finance Corp J And J Ho 231 unch Jalaprathan Cement 140 Karnasuta Lee
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    • Article
      Indices
      65 7 FINANCIAL TIMES INDUSTRIALS Wednesday 412.5 Tuesday 408.1 Week ago 417.8 DOW JUNES AVERAGE INDUSTRIALS Wednesday 942.59 Tuesday 938 77 Week ago 938 18 LONDON DOLLAR PREMIUM Wednesday 117 to 117"i Tuesday 117*. to 118'-. H.K. HANG SENG Wednesday 445 46 Tuesday 439.63 Week ago 435.56 SYDNEY INDUSTRIALS Wednesday 349.89
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  • Article
    'CU will improve further'
    138 7 LONDON. Thurs. Commercial Union Assurance chairman Sir Francis Sandilands told the annual meeting there should be a further improvement in results in 1977, subject to economic and political conditions and the incidence of catastrophes. The reduction in basic UK income tax to 33 per cent from
    138 words
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      Page 7 Advertisements Column 1
      424 7 THE SYNTOFEON The Syntoplcon now makes it possible for anyone to "ask" great thinkers such as Plato, Aristotle, Tolstoy, and Freud about love, art, democracy, justice or almost any topic conceived by the human mind. The Syntopicon can guide your hand to the proper volume. Your eyes are directed to
      424 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Gold
      302 8 IN the Singapore gold market yesterday, the kilobar was traded in the range of 5511,875 to 5511,895. Trading was thin and subdued. The loco London gold hovered around U*****.50/ 149.00 with little activity noted. The London morning fix was US$l4B.lO down $1.40 from the previous fix. Sourc*: Sing mas
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    • Article
      Local and foreign rubber markets
      382 8 THE Singapore rubber market yesterday opened some 1.50 cents lower following easier London advices and thereafter prices fell steadily on stable bull liquidation and July/Sept offerings in fairly brisk trading, dealers said. The decline was halted briefly at mld-sesslon but towards the morning close fresh
      382 words
    • Article
      Closing prices
      30 8 Rubber: April 21 Singapore: May 194.75 cts (down 2.75 eta.) Malaysia: May 195.00 cts (down 3.50 cts) Tin: $1,432.00 (down $14.00) Official offering: 205 tonnes (up 19 tonnes)
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    • Article
      Straits tin
      157 8 THE Straits tin price in Penang yesterday was down $14 00 to $1,432.00 on an official offering up 19 tonnes to 205 tonnes. In LONDON yesterday morning, tin closed £17 higher for Cash and £10 up for Three Months in the standard contract while high grade was £22
      157 words
    • Article
      Palm oil
      478 8 THE following Palm Oil prices were quoted In London on Wednesday. Tlie prices are elf Rotterdam and are quoted In US dollar per ton unlets otherwise stated Wednesday Prev. Malaysia 5% (fa bulk 670 sir Jue/Jly 665 sir Sumatra 5% 665 qtd A pi May unch 675 sir
      478 words
    • Article
      SSR and SMR
      105 8 May June R.A.S. (Curraat Mth) (F« rward Mth) Buyeri Seller* Buyer* Seller* (cent* per kg) (cc nt* per kg) SSR20 (1-ton Pallet) 192 50 193 50N 193 50 194 SON SSR50 (1-ton Pallet) 190 50 191.50N 191.50 192 SON M.R.E.L.B. SMR5CV (1-ton Pallet) 216.00 218 OON 218
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    • Article
      Produce prices
      292 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICL'L YESTERDAY. Coconut Oil Bulk SUO sellers, old drum $115 sellers, new drum $120 sellers. Copra Mixed (loose) UK/Cont. $71 buyers. Pepper Muntok ASTA white fob. 100% NLW $400 sellers. Sarawak white f ob 96% NLW $380 sellers. Sarawak special
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    • Article
      Tin shipment
      34 8 Period: April 1 to 15 THIS PERIOD DESTINATION SHIPPED AFLOAT TONNES TONNES CANADA 5.00 CONTINENT 507.00 115.00 JAPAN 1,065.00 75.00 PACIFIC 120.00 SINGAPORE 13.00 UNITED KINGDOM 400.00 U.S.A. 374.00 620.00 2,484.00 810.00
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    • Article
      Silver
      188 8 LONDON, Thurs. Silver finished with losses of 0.0 to 0.8 pence In the morning. Prices moved narrowly In light featureless trading with the decline In gold Influencing the slightly lower levels. Three Months traded finally at 285.5 pence. Carries accounted for the bulk of the turnover of 62 lots.
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    • Article
      Lead
      88 8 LONDON, Thurs. Lead rose by £3 per tonne for Cash and £2.25 for Three Months in the morning. Prices rallied In pre-mar-ket dealings on nervous covering prompted by the news that Broken Hill Associated Smelters Pty Ltd was shutting down principle processes at Its Port Plrle plant, dealers said.
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    • Article
      Rice
      103 8 BANGKOK, Thurs. Indicative prices quoted for rice are: US dollars per tonne fob basis Bangkok White Rice: 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
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    • Article
      Coffee
      319 8 LONDON, Thurs. Robusta futures closed the session easier at the lows with losses of £117 to £135 against last night after opening £110 lower. 616 lots were traded. May lost £117 at a midprice of £3,772 after trading within a high low range of £3,800 to £3,775. Distant march
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    • Article
      Soybean
      199 8 CHICAGO, Wed. Soybean futures closed mixed, with old crop months up 23 to IBv, cents a bushel and new crop months unchanged to SV» cents lower. After a mixed opening, with old crop showing strength, prices eased as weakness in new crop months and product futures prompted selling. But
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    • Article
      Wheat
      103 8 CHICAGO, Wed. Wheat futures closed with prices one to 2 3 /< cents a bushel lower on a light trading volume. Speculative selling was prompted by lack demand in domestic and export markets and continued improvement in winter wheat crop prospects as rains continue over the plains and mid-west.
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    • MONEY AND EXCHANGES
      • Article
        Singapore
        444 8 THE Japanese yen strengthened against the US dollar in the Singapore and Tokyo forex market yesterday. Opening at the 278.90 yen level the US dollar fluctuated wildly before closing at 276.95 yen. The Bank of Japan was forced to intervene on several occasions during the day. Fluctuations In the
        444 words
      • Article
        Asian $ rates
        164 8 Asian rates ASIAN rate* as 7 days 1 mth 2 mths 3 mths 8 mths 9 mths 12 mths currency deposit interbank at close on April 21 US Dollan (Spot) Ofhr BM 5 1/16 4 1V16 5 1/2 5 3/8 6 S7/I 9w. Ff». (midrflep Dau. ricaa) 1 mth 3
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      • Article
        Discount
        48 8 RANGE of prices offered by discount houses on April 21. Overnight 3% Call deposit 3% CMi| Buy Sailing 3-month Treasury bills 3 2 7/8 3-Month Bank bills 4 1/8 4 3-Month CD 4 9/16 4 vie 6-Month CD 4 5/8 4 7/16 Source: National Discount Co. Ltd.
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      • Article
        Euro $ rates
        138 8 Euro rates LONDON, Thurs. Period Eurodollar deposits opened 3/16 to 1/10 firmer reflecting the loss of the Friday dealing technicality, while Three Months and shorts were steady, dealers said. Trading was rather patchy and volume light stemming from a lack of general Interest and slack rollover requirements. Activity Is expected
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      • Article
        London
        307 8 LONDON, Thurs. The dollar opened with a firmer undertone In European currency centres, although it lost some ground against the Japanese yen. Dealers said European markets were still assessing the US administration's energy programme and its potential inflationary impact against the long-term benefit to the US payments position stemming
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      • Article
        New York
        239 8 NEW YORK, Wed. The dollar closed stronger after a substantial rise In US first quarter real gross national product, dealers said. However, the rise was restrained by uncertainty here about the reaction tomorrow In European markets to President Carter's energy package, which he is due to detail tonight,
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      • Article
        Tokyo
        223 8 TOKYO, Thurs. The yen strengthened sharply on the local foreign exchange market after early weakness prompted the Bank of Japan to sell an estimated $50 million to stem Its decline, dealers said. The Japanese currency closed at 277.00 to the dollar for overnight delivery, the aay s nigh, up
        223 words
      • Article
        Minimum lending rates (in %)
        59 8 Minimum lending rates (in ACBC First Chicago Algemene Bank 6*. Citibank 6*4 Bangkok Bank 7 HSBC 7 Bank of America 6* Indosuez 6*4 Bank of China... 7 Malayan Banking 6*4 Bank of Tokyo 6% Mitsui Bank 6*4 Bank Negara OCBC 6*4 Indonesia 7 OUB Chartered Bank 0*. UCB 7 Chase
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      • Article
        Australia/NZ
        51 8 AUSTRALIA/NZ exchanges quoted on April 21 Australia: Sterling 0.6445/ 0.6375 US dlr 1.1048/ 1.1000 Ninety-day air mall buying rates: Sterling 0.6647 US dlrs 1.1298 Ninety-day forward buying rates: Sterling 0.6443 US dlrs 1.0932 New Zealand: Sterling 0.5593/ 0.5562 US dlr 0.9664/ 0.9564 Ninety-day forward rate: Sterling 0.5814 US dlr
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      • Article
        Zurich
        49 8 ZURICH exchanges closing quotes on April 20 US 2.5243-5253 UK 4.3400/3435 Can 2.4115 4135 W Germ 106.27-36 Neth 101.93-102.04 France 50.88 92 Belg 6.95-96 Denm 42.12-15 Norw 47.77-80 Swed 57.96 58.00 Italy 0.2844-2847 Austria 14.95 97 Port 6.50-52 Spain 3.67 Vi 68% Arg 0.70-85 Japan 0.90 V» 91
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      • Article
        Frankfurt
        34 8 FRANKFURT exchanges opening quotes on April 21 US 2.3735/45 2.3750/60) Can 2.2620/40 UK 4.075/090 Neth 95.85/95 Switz 94.05/15 Italy 2.660/675 France 47.80/90 Norw 44 90/98 Belg com 6.53/54 Belg fin 6.50/52 Japan 0.8560/75
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      • Article
        Eurobond prices
        313 8 LONDON, Thurs. Straight US Eurobonds were quietly steady while mark and guilder issues were generally higher, dealers said. The convertible market continued steady and quiet. LONDON Eurobond prices quoted on April 21 Offer Straight* Bid Austria 8* 90 101* 102* Bell Canada 8* 86 105% 106 BFCE 8*.
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    • Article
      Market closure
      10 8 ALL Hongkong markets were closed yesterday (Queen's Birthday).
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    • Article
      Sugar
      250 8 LONDON, Thurs. Terminal opened easy £4.25 to £3.35 down on yesterday afternoon. Dealers said most of the fall took place during last night's Kerb when commission house long liquidation and local selling touched off stoploss orders. The downtrend was described as a technical reaction to the recent bull trend.
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    • Article
      Copper
      341 8 LONDON. Thurs. Copper wtrebars fell by £14.50 for Cash and £15.50 for Three Months in the morning. The market encountered further speculative liquidation, stoploss and chart selling prompted by the weak New York close, poor consumer demand and background talk of a possible reduction In US producer prices, dealers
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    • Article
      Zinc
      70 8 LONDON, Thurs. Zinc softened by £1 for Cash and £2 for Three Months in the morning. The steadiness of lead aided this metal Initially with Three Months trading up to £384 In the pre-market. Profit-taking, however, developed and Three Months eased back to £381 at the close of the
      70 words
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      Page 8 Advertisements Column 1
      110 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei, Sarawak, Sabah Australasia/Pacific (excluding Hawaii)
      110 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article, Illustration
      Lock icon Americans find imports are no longer the 'boxes with rubber mats'
      1175 9 FASTBACKS, SLANTBACKS, OR NOTCHBACKS NYT NEW YORK, Thurs. For two years the people have been holding off It has to be a good year, says Henry Bell, who sells Toyota cars In Caldwell, N.J. It looks as if he
      NYT  -  1,175 words
    • Article
      Lock icon West German car output up 12pc
      123 9 AP FRANKFURT, Thurs. West German auto production increased by 12 per cent during the first quarter of 1977 compared to the same period last year, the C>erman Automobile Industry Association announced. The Association said 1,037,900 cars and other vehicles were built between January and
      AP  -  123 words
    • Article
      Lock icon London freight market
      225 9 AP LONDON. Thurs. Chartering followed recent patterns, divided between American grain voyage fixing and mixed time-charter booking yesterday. North American grain rates held about steady, with transAtlantlc movements Involving the "Jadran" from the US Northern Range to the Ghent-Hamburg Range with 55,000 tonnes in May 120 position
      AP  -  225 words
    • Article
      Lock icon Lower bunker rates
      38 9 Reuter SYDNEY. Thurs. The Australia North Bound Shipping Conference said it will lower its Australia to East Asia (Hongkong, Taiwan, Philippines) bunker surcharge to 10.17 per cent from 10.36 Der cent, effective May 1. Reuter
      Reuter  -  38 words
    • Article, Illustration
      IN PORT
      474 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry VHJa (B. Barge) (1500 tbc) 48 Golden Source (0800) (tide) 23 Herta Maersk (D/L) (0900) 35/36 Hosel Maru (Car Carrier) (0800) (tide) 19 Hugheverett (1500) 25/26 Klbl (JDOB) (after Strathmelgle) 31/32 Kota Ball (1700 after Ocean Endurance) 46 Nanplng (after Noshlro Maru)
      474 words
    • Article
      Lock icon Ocean Transport plans to switch from Mersey
      372 9 FT LIVERPOOL, Thurs. Continued congestion in the Port of Liverpool has led the Merseyslde-based Ocean Transport and Trading to switch some of Its services to Grangemouth. Scotland. Although only one sailing a month is Involved. Ocean's move will be a considerable blow to
      FT  -  372 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      578 9 ARRIVALS Service Local Operator Number Time i From CPA CX003 0145 HKG RBA BI328 0725 BWN MAS MH682 0810 KCH PAA PA841 0950 SFO/HNL/GUM SIA SQ211 1015 HLP OIA GA980 1030 HLP GIA GA908 1100 MES PAL PR501 1115 MNL SIA SQ240 1140 MES RBA BI325 1155
      578 words
    • Article
      Lock icon Warning on brakes of Honda cycles
      138 9 Reuter WASHINGTON, Thura. —The brakes of some 1t75 and 1976 Honda nMttcyclct may fail in the rain, the US Department of Transportation (DOT) warned yesterday. It said it had been notified by Honda of 183 customer complaints about the problem on models GL 1000
      Reuter  -  138 words
    • Article
      Aeroflot to start new air routes
      217 9 AEROFLOT. the Soviet Union's national carrier, is to inaugurate several new international air routes within six months of this year, according to Mr. Sergei Pavlov. Deputy Minister of Civil Aviation. With the inauguration of a new air route to Nouadibou, an industrial and cultural
      217 words
    • Article
      Joint Arab – UK container line
      127 9 Joint Arab UK container line A NEW container service operating from the UK to the Arabian ports will be operated jointly by P O Strath-Ellerman Services and the United Arab Shipping Co. The new container shipping line, to be called the Arabian Peninsular Container Line, will set off for its
      127 words
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      190 9 Have you $ot your copy of Hie 1976/77 BUKUMERAH? The complete filing cabinet on the Singapore business scene ALPHABETICAL INDEX OFFICIALS AND PUBLIC BODIES directory Of SINGAPORE 5* N6*LS«°£ PRAS€P It's the 1976/77 "Red Book" the office/library reference book covering the business scene in Singapore. It is complete. Built up
      190 words
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  • Article, Illustration
    Lock icon FARMING METHODS: TIME TO RE-THINK
    967 10  -  •y DR. MARTHE KILEY-WORTHINGTON FINANCIAL TIMES NEWS-FEA-TURES ALL over the world, modern n agriculture Is heavily in tl debt. Dr. K. Blaxter of the l! Rowett Station In Scotland n estimates that for every one a unit of energy known as a R Joule produced
    FINANCIAL TIMES NEWS-FEATURES; Source: UPI photo  -  967 words
  • Article
    Businessmen make little use of credit lines
    615 10 INDUSTRIAL borrowers' reluctance to use bank credit lines granted to them and not excessively-care-ful lending policies of banks is probably the main reason why loans and advances to them are at a relatively low level. Banks have sometimes been blamed for being excessively
    615 words
  • Article
    Lock icon Tindemans' win may see Socialists in Government
    1234 10  -  »r DAVID BUCHAN FT BELGIUM'S Prime i Minister, Mr. Leo Tindemans the frustrated architect of closer European union has built < handsomely on his coalition forces at home. With a provisional 112 seats of the 212 In the Lower House, his former coalition
    FT  -  1,234 words
  • Article
    Lock icon Turkish voters have clear-cut choice of styles and principles
    1571 10  -  By DAVID LAULICHT Reuter TURKISH voters face a clear-cut choice of styles and principles in an election campaign which has been forced by the need for a stronger and more stable government. On the one side is Premier Suleyman Demirel, a
    Reuter  -  1,571 words
  • Article
    Starlight Advertising
    32 10 In yesterday's Business Times, the name Starlight Advertising was inadvertently misspelt as Star lite Advertising in the article "Ad agency that never turns away a client." The error is regretted.
    32 words
  • Article
    Lock icon Trade pact signed
    87 10 AP BUDAPEST, Thurs. Hungary and China yesterday signed here their trade and payments protocol covering the year 1977 and increasing trade volume between the two countries by an unspecified margin. Hungary Is to deliver to China Items Including machine tools, truck chassis, television sets, measuring instruments, medical
    AP  -  87 words
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      Page 10 Advertisements Column 1
      84 10 W* < m> till 9 5 Asean Business Quarterly A 72-page quarterly magazine, with no advertisements, costing S$ 10 (US$4). It includes trends, up-to-date statistics (200 tables) and comment as a guide to financiers, investors, shippers and traders with interests in ASEAN countries. Write for a 16-page illustrated booklet free
      84 words
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  • Article
    Lock icon Fresh talks to end Muslim war begin today
    377 11 Reuter MANILA, Thurs. Fresh negotiations among the Philippine government, representatives of the Islamic Conference and the rebel Moro National Liberation Front (MNLF) to find a solution to the southern Muslim rebellion will begin here tomorrow, an Islamic Conference spokesman said today. He
    Reuter  -  377 words
  • Article
    Lock icon Brief meet but Timor issue was discussed
    332 11 Reuter BANGKOK. Thurs. The Australian and Indonesian Foreign Ministers met here for half an hour today for wide-ranging talks which touched on Timor. The meeting between Mr Andrew Peacock and Mr Adam Malik, both here for a United Nations conference, also covered trade
    Reuter  -  332 words
  • Article
    Lock icon Cuba proposes price range in sugar pact
    401 11 Reuter GENEVA. Thurs Cuba today formally proposed setting a price range of between US33 to 55 cents a kilo for sugar in a new international agreement being negotiated here to regulate world free market trade. This was the first formal proposal to be
    Reuter  -  401 words
  • Article
    Where have all the old Volvos gone?
    202 11 AFTER a month of publicity. Federal Auto (S). agents for Volvo here, has yet to receive a positive response to its advertisements for the owner of the oldest registered Volvo in Singapore. When contacted yesterday. a Federal Auto spokesman said: "So far, we
    202 words
  • Article
    Invites out for gold auction
    110 11 THE International Monetary Fund has sent out invitations for its next monthly gold auction on May 4. The amount for sale Is 525,000 ounces, and all successful bidders will be given the gold at the price they bid. The minimum bid will continue to be
    110 words
  • Article
    Hangar opening
    53 11 THE Minister for Finance, Mr. Hon Sul Sen, will officiate at the opening of Singapore Airlines' 8747 hangar/grand exhibition on May 7 to commemorate the group's 30th anniversary. Costing more than $20 million, the 8747 is the tallest and largest in Southeast Asia with a floor area of
    53 words
  • Article
    THREE SIM COURSES IN MAY
    124 11 THE Singapore Institute of Management will be conducting three courses next month at its Conference Room in Thong Teck Building. Scotts Road. The first course will be on "Negotiating Profitable Sales" from May 23 to 24. The fee is $280 for members and $330 for
    124 words
  • Article
    SUITS
    88 11 BANK Negara Indonesia sued Koh Yok Soon, trading as Jacob Co.. in the High Court yesterday for a sum of SI. 176.116.17 allegedly being money due and owing to the plaintiff. In another writ, Bangkok Bank Ltd is being sued for $335,162.10 by Chemical International Sdn Bhd. The amount
    88 words
  • Article
    ST ADA meeting
    60 11 THE Singapore Training and Development Association (STADA) is holding its fifth annual general meeting at the Equatorial Hotel at 7.00 p.m. today. In conjunction with the AGM. there will be an exhibition on the latest training aids including videocassette training software. The exhibition is Jointly organised by
    60 words
  • Article
    Lock icon China tour
    35 11 AP TOKYO. Thurs. A delegation of the Australian Academy of Sciences yesterday met Mr. Li Chang, leading member of the Academy of Sciences of China, the official Hsinhua News Agency reported today AP.
    AP  -  35 words
  • Article
    Lock icon Moscow loses no time testing India's clime
    894 11 Reuter MOSCOW, Thurs. The Soviet Union, anxious to know how the Indian election result will affect its relations with New Delhi, is losing no time in making its first exploratory contact with the new Government of Prime Minister Morarji Desai. Observers here detect
    Reuter  -  894 words
  • Article
    Lock icon N-S dialogue not making much headway
    454 11 ESCAP URGED TO HELP Reuter BANGKOK. Thurs. The North-South dialogue which has been going on in Paris has not produced any substantial results in areas crucial to the developing countries, Indonesian Foreign Minister Adam Malik said today. Addressing the annual session of the United
    Reuter  -  454 words
  • Article
    Lock icon Economic presence to be maintained
    264 11 UPI BANGKOK. Thurs. The United States intends to retain a hefty economic presence in Asia, the senior US delegate to the annual meeting of the United Nations Economic and Social Commission for Asia and the Pacific (Escap) said today. US Ambassador to Thailand Charles Whitehouse
    UPI  -  264 words
  • Article
    Lock icon Fishery bill before Diet
    205 11 AP UPI TOKYO, Thurs. The Japanese Government today approved a bill to establish Japan s 320 km fishing zone and immediately submitted it to the Diet (Parliament for approval. The Government hopes swift action on the bill by the Diet will give it a bargaining leverage
    AP; UPI  -  205 words
  • Article
    High tin price factors
    370 11 THE tin price has remained at around the $1,440 per picul level over tfe last few weeks with no prospect of significant change. However, with tin supply almost chronically smaller than demand, there is little fear that the price will fall substantially. Last year, the deficit
    370 words
  • Article
    Lock icon 'Japanese economy not out of slump yet'
    222 11 Reuter TOKYO, Thurs. Ministry of International Trade and Industry director-general for international trade policy Toithihiko Yano said from a microeconomic point of view the Japanese economy has not yet recovered from recession. Mr. Yano told a press briefing certain sectors including iron and
    Reuter  -  222 words
  • Article
    Lock icon Two Solomon quakes
    52 11 Reuter MANILA, Thurs. Two earthquakes of large magnitude originating outside of the Philippines were recorded at 0022 and 0052 GMT by the geophysical observatory here. The observatory said preliminary instrumental determination placed the epicentre at about 5,500 km south-east of the Philippines capital or somewhere in the
    Reuter  -  52 words
  • Article
    Lock icon Colour TV talks stall on issue of definition
    248 11 Reuter TOKYO, Thurs. USJapan negotiations in Washington on restricting Japanese colour television exports to the US have stalled over the question of how far semi-finished products as well as completed ones should be included in any programme of export restraint, a senior
    Reuter  -  248 words
  • Article
    Lock icon Strikes cost $110 m
    120 11 AP TOKYO, Thurs. The Japan National Railways said today It suffered estimated losses of 12,500 million yen (SSIII million) from four strikes by its workers during March and April. The strikes, part of Japan's annual spring labour offensive, ended vesterdav after unions representing 330,000 National Railways
    AP  -  120 words
  • Article
    Lock icon STORE SALES DROP
    80 11 Reuter TOKYO, Tnurs. —Japan's department store sales index (base 1970), fell an adjusted 1.7 per cent In March to a preliminary 253.6, the Trade and Industry Ministry said. Actual unadjusted March sales totalled 434 billion yen (553.85 billion), up 34.5 per cent from February and 7.4 per
    Reuter  -  80 words
  • Article
    Lock icon Philippines' reserves rise
    93 11 Reuter MANILA, Thurs. The Philippines' international reserves as of April 6 this year reached U551,416 million (553.483 million), reflecting an increase of about 2.2 per cent over 51.385 million registered in the preceding month, according to Central Bank figures. There were no comparative figures for the same
    Reuter  -  93 words
  • Article
    Much to see at graphic arts display
    145 11 A FOUR-DAY Printing and Graphic Arts Exhibition, to be held at the US Trade Centre from April 26. will feature the latest US photographic and processing equipment. Logo Singapore, one of the participants, will demonstrate a newly introduced rapid access table-top film processor
    145 words
  • Article
    Lock icon Pak puts off aid meet
    81 11 AP ISLAMABAD. Thurs. Pakistan asked the World Bank yesterday to postpone the scheduled meeting of its aid-to-Pakistan Western consortium from April to July. The Government, in a statement issued here, asked the consotium. which included the major Western nations, as well as Japan, to postpone
    AP  -  81 words
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      228 11 APPOINTMENTS A CMS 3/77 ACCOUNTANT is required by the Company A. QUALIFICATIONS 1. Preference for Malaysian citizens. 2. Minimum 3 years experience In commercial h industrial accounting. 3. Holders of recognized accounting qualifications. B. DUTIES RESPONSIBILITIES 1. Formulating accounting system A control. 2. Implementation and management of accounting system A
      228 words
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      Page 11 Advertisements Column 2
      310 11 The only lift manufacturer in S E Asia Singapore Fujitec Elevator Corp n. Ltd. r Due to our expansion programme] we have vacancies for the following positions: ENGINEERS A degree in either Mechanical or Electrical Engineering from a recognised University Min. 3 years working experience preferably in a manufacturing industry
      310 words
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  • Article
    Lock icon Replenishing soft-loan fund gains urgency
    418 12 Reuter MANILA. Thurs. European countries today urged speedy consideration of the need to prepare the third replenishment of the Asian Development Fund (ADF) the source of soft loans for poor countries needed from 1979 onwards. Belgian, British and Danish representatives at the 10th anniversary meeting
    Reuter  -  418 words
  • Article
    Lock icon Cost of living rises in US
    315 12 UPI WASHINGTON, Thurs Higher prices for fuel oil. restaurant meals and coffee raised the cost of living in the United States by 0.6 per cent in March, the Labour Department said today The consumer price index has increased at an annual rate of 10
    UPI  -  315 words
  • Article
    Lock icon AIRLINES STRIKE
    87 12 AP TOKYO. Thurs. Workers of two of Japan s three major airlines struck today for higher wages, and air services on the carriers' domestic and international routes were seriously disrupted. The 1.060-member Cockpit Crew Union and the 2.330-member Cabin Crew Union of Japan Air Lines (JAL) went on
    AP  -  87 words
  • Article, Illustration
    Lock icon THE MARCOS WAY TO A NEW ORDER
    683 12 Reuter MANILA, Thurs. President Marcos today outlined four key points for cooperation between developing and developed countries In establishing a new International economic order. Speaking at the 10th anniversary meeting of the Asian Development Bank (ADB), Mr. Marcos also called on the bank
    Reuter  -  683 words
  • Article
    Lock icon Don't tie aid to rights
    622 12 Reuter MANILA, Thurs. Asian leaders today cautioned Western nations against tying development aid to human rights questions, saying economic development and such rights were closely Interlinked and could not be traded off. The warning came In the keynote speeches of both Philippines President Marcos and
    Reuter  -  622 words
  • Article
    Two-day PATA meeting opens
    149 12 TWENTY-NINE delegates from 10 countries are attending the ninth Pacific Area Travel Association (PATA) East Asia regional meeting at Mandarin Hotel today. The two-day meeting Is attended by government tourism officials from Taiwan, Hongkong, Japan. Korea, Macao, Indonesia, Malaysia, Philippines, Thailand. Singapore and two PATA directors
    149 words
  • Article
    Lock icon Hike okayed
    41 12 Reuter MANILA, Thurs. The Philippine oil industry commission today approved immediate increases In prices of petroleum products and the government raised specific tax and special fund tax on them to cut consumption and to generate funds for development. Reuter.
    Reuter  -  41 words
  • Article
    300,000 target not possible this year
    366 12 CONTRARY to its expectations, the National Trades Union Congress will not achieve It membership target of 300,000 by the end of this year. Its secretary for organisation, Mr. V. Jayadoky, told Business Times that it will take some time to raise its membership by
    366 words
  • Article
    Rubber goods potential
    256 12 KUALA LUMPUR, Thurs. Malaysian exports of rubber goods can be Increased by more than five times by the early 80s, according to a report on the potential overseas markets for Malaysian made rubber products. The report said bright prospects exist in foot-wear, certain latex products and sports
    256 words
  • Article
    LONDON STOCKS
    756 12 LONDON, Thurs. The stock market was higher in light trading, dealers said. At 3.00 pm the Financial Times index was up 5.6 at 418.1. Market sentiment was aided by news that the Scottish Trade Union Congress had rejected a militant miners' resolution calling for an end to pay
    756 words
  • Article
    KL paid $1.2 m for oil spill clean-up
    231 12 KUALA LUMPUR, Thurs. Malaysia has received about M 51.25 million as operational costs in clearing up the oil spilled in the Straits of Malacca by the tanker Showa Maru after it ran aground off Singapore more than two years ago. Science, Technology
    231 words
  • Article
    Ministry denies hitch in Sing-Thai venture
    257 12 THE Ministry of Foreign Affairs yesterday denied a news agency report that the signing of official agreements for Sing-Thai Grains, the $1 million Joint venture between Singapore and Thailand, has stalled. The UPI report from Bangkok said that Thailand had sent Singapore's representative. Mr.
    257 words
  • Article
    Too early to tell at MAS
    130 12 KUALA LUMPUR, Thurs. It is too early to know whether Malaysian Airline System suffered a decline in profit for the financial year 1976/77, Communications Minister Tan Sri Manlckavasagam told the Dewan Negara today. He said the MAS accounts which closed at the end of
    130 words
  • Article
    Warehouse scheme finds favour with banks
    498 12 BANKS here yesterday gave a mixed but generally favourable response to the Port of Singapore Authority's (PSA) proposed bonded warehousing scheme. Commercial bonded warehouses are tied up with inventory financing as storage in the PSA's warehouses in effect means the extension of credit facilities
    498 words
  • Article
    Liner term gets the attention at SSA talks
    290 12 THE Singapore Shipping Association (SSA) and the Indonesian National Shipowners Association (INSA) are continuing their discussions on the uniform freight tariffs scheme, with special attention on the "liner term" "The liner term" said Mr. Tay Beng Chuan, deputy chairman of the SSA,"
    290 words
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      200 12 INDUSTRIAL COMMERCIAL Properties For Sale/To Let INDUSTRIAL Gul Drive: 828 m 2 (8,913 sq. ft.) new single storey factory/offices for sale. Off Upper Thomson Road: 905 m 2 (9,750 sq. ft.) to 1,300 m 2 (14,000 sq ft.) new factory/warehouse units to let LokyangWay: 2,080 m 2 (22,400 sq. ft.)
      200 words
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      Page 12 Advertisements Column 2
      237 12 All the Depositary Shares having been sold, this advertisement appears as a matter of record only 3,000,000 Singapore Depositary Shares FUJITEC CO.,LTD. (FUJ/TEC KABUSH/KI KA/SHA) (Incorporated under the Japanese Commercial Code and registered as a foreign company in the Republic of Singapore) representing 3,000,000 ORDINARY SHARES OFFERING PRICE PER DEPOSITARY
      237 words