The Business Times, 30 April 1977
1977-04-30
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The Business Times
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Title Section10 1977-04-30 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, APRIL 30, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article66 1977-04-30 1 UPI LONDON, Fri. Britain's minimum lending rate has been cut by Vi percentage point from 8% per cent to BIA8 l A per cent, the Bank of England announced today. It was the fifth successive weekly reduction. This was the 11th cut In the rate this yearUPI - 66 words
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Article63 1977-04-30 1 UPI FRANKFURT, Frl. Employees of Lufthansa started voting today on whether to strike for better flight safety and higher wages. About 5,500 pilots, stewardesses and flight engineers have until May 26 to decide whether to support a strike. Seventy five per cent of a quorum ofUPI - 63 words
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Article60 1977-04-30 1 Reuter ISLAMABAD, Frl. The United States protested to Pakistan today about a charge by Prime Minister Zulfikar Ali Bhutto that it was financing the opposition mass campaign to overthrow him. An embassy spokesman said one of its officials went to the Foreign Ministry to "strongly express ourReuter - 60 words
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Article70 1977-04-30 1 AP STAVANGER (Norway), Frl. Oil streaking from the seabed to the surface faster than the speed of sound pushed open a specially fashioned clamp and foiled a new attempt today at choking off a runaway gusher that has spilled some 20 million litres of oil into theAP - 70 words
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Article58 1977-04-30 1 AP LUSAKA, Fri. The Zambian Government prepared today to take possible legal action against four Western oil companies allegedly supplying oil to White-ruled Rhodesia in defiance of United Nations-ordered economic sanctions. The four oil companies named were the AngloDutch Shell-BP Company, Caltex and Mobil of theAP - 58 words
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Article73 1977-04-30 1 Reuter MANILA, Fri. The Philippines today called for the swift establishment of an international stock of essential cereals to avoid starvation and price fluctuations. Agriculture Secretary Arturo Tanco in making the call, said the world now had a unique opportunity because there were enough grain stocksReuter - 73 words
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Article31 1977-04-30 1 AP KUALA LUMPUR, Fri. Foreign Affairs Minister Tengku Ahmad Rithauddeen leaves this weekend for a 13-day visit to Poland, Rumania and France and a side-trip to Zurich, Switzerland. APAP - 31 words
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Article92 1977-04-30 1 UPI NEW YORK, Fri. Prices moved slightly higher during the first hour today in active trading of New York Stock Exchange issues on the heels of another favourable Government report on the economy. The report on the leading economic indicators, from the Commerce Department, showed their gain inUPI - 92 words
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Chief Price Changes
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Article, Illustration179 1977-04-30 1 A FEW bullish spots emerged in a market that was still marking time at the Stock Exchange of Singapore yesterday. Share prices barely steadied at the close as speculative support remained concentrated in the handful of third liners. The Business Times index finished 0.43 point higher at179 words
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Article111 1977-04-30 1 Rises Most active B«rjunta! 14.50 .20 General Lumber Ppntral Stirars 294.000 212.000 Guinness Sim Lim 4.20 0.65 .10 .09 Malakoff Duff Dev 56,000 36.000 Tong Meng UO-'J C Sugars 1.78 .08 lotai Turnover: 1.18 M C and C 1.89 .05 Total Value: MSI.69 M L Perak Bovis111 words
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Article401 1977-04-30 1 KUALA LUMPUR, Frl. The Association of Banks in Malaysia (ABM) said here today there is an acceptable basis for agreeing to give the Industrial Co-ordina-tion Act (ICA) a trial despite the fact that there remains some controversy between the government and the private401 words
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651 1977-04-30 1 JOHN TAN - SALES WILL BE CUT BY 60pc By JOHN TAN SINGAPORE exporters yesterday received another blow when the UK authorities Imposed an import quota on Singaporemade garments, cutting this year's sales by 60 per cent. This is believed to be the first time that such651 words
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136 1977-04-30 1 Reuter CANBERRA. Frl. Australia announced today It was extending by six months tariff quotas on textiles, clothing and footwear which Is certain to disappoint South-east Asian nations which are the main exporters. The extension applies from the end of the current quota year nextReuter - 136 words
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655 1977-04-30 1 Reuter HONGKONG, Frl. The Hongkong textile Industry in general will probably operate at a loss in 1977 but few spinners are likely to go out of business due to their solid financial backing. Hongkong Cotton Spinners Association chairman Y.C. Chen said. TheReuter - 655 words
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606 1977-04-30 1 RUBBER shipped through Singapore will also be exempt from the Far East Freight Conference's (FEFC) general rate increased of 12.5 per cent (from July 1), for a period of two months. "The FEFC," said Mr. W. J. V. Cook yesterday, "has agreed to a606 words
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307 1977-04-30 1 THE International Bank of Singapore the partnership of the nation's Big Four has applied for an offshore banking licence in Manila. IBS is the first Singapore bank to apply for such a licence. Mr. J.G. Craig, IBS chief executive, said yesterday that307 words
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594 1977-04-30 1 BANKING Institutions are greatly concerned about the Post Office Savings Bank's foray into the interbank money market. Since last Tuesday, the POSB appears to have changed its former policy of placing its funds directly with the banks and is now reported to be594 words
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Article106 1977-04-30 1 FIXED RATE IS OUT LONDON, Fri. The British Government rejects any suggestion of returning sterling to a fixed exchange rate, Financial Secretary Robert Sheldon said. In answer to questions, he told Parliament the Government nevertheless welcomes the stability sterling has shown recently, but added that in the long term the106 words
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Page 1 Advertisements
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Advertisement53 1977-04-30 1 For your Best Selected Genu. Fine-Cut Diamond* Exquisite Jewellery of Magnificent Craftsmanship Visu V_^X CeylotiJewellers 16 Stamford Rd.. Smgapor. 6. T*4: *****6/*****7. INSIDE Market Reviews/ 1 Oversea* Stocks TV/Radio -P2 Commodities Overseas News/ Transport Feature -P3 Communications Local Co News -P4 Features International Co News .ps Local ft Overseas Local53 words
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Advertisement89 1977-04-30 1 I •1 Braun Synchron Plus Braun's Synchron Plus. For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern of cutting holes and slots. Platinum-coated to give you89 words
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Advertisement179 1977-04-30 1 i 7 i Sales, leasing, valuations, management Offices, factories, warehouses, shopping centres, residential and all real estate matters. Our experienced staff will be pleased to help you. Call us at *****/*****4/*****6 Sales and Leasing Jopteu Bernard TAY Mong Kwee Sales/Leasing Manager with more than nine years commercial sales experience in179 words
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MARKET REVIEW
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Article1024 1977-04-30 2 ANOTHER month has slipped by. But the long awaited post-Chinese New Year rally at the Stock Exchange of Singapore is still nowhere In sight. And the bulls will probably continue to lie low for some time. That is what the stockbrokers and dealers In town are saying1,024 words
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Article573 1977-04-30 2 IVAN FALLON - LONDON By IVAN FALLON THE bull market returned this week, although It did not quite have the same form which we had become used to before Easter. By Thursday lunch-time, shares prices were Into new high grouhd (at least for this bull market they were573 words
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337 1977-04-30 2 IT does not directly relate to the Stock Exchange or the City but no London column this week can be complete without a mention of the fascinating situation developing around London's two evening newspapers. These are the Evening News, owned by Associated337 words
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Article459 1977-04-30 2 LAST week I reported the budding rebellions on two fronts over consolidated Plantation's bid for Patanl Para and over London Tin's reluctance for its four associates to pay up a generous terminal dividend. Rebellion one has spluttered out. This week Conplant announced it had received459 words
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Article174 1977-04-30 2 Handsome yields from High Low THE yields offered by some of the rubber companies are attracting considerable Investment Interest In the London market. Highlands and Lowlands, almost forgotten about here since It removed Its domicile to KL at the start of 1976, looks particularly Interesting and brokers Laurence Prust have174 words
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219 1977-04-30 2 Reuter BERNE, Frl. Swiss National Bank president Mr. Fritz Leutwller said It Is Inevitable that events such as those at Credit Suisse's Chlasso branch impinge on Swiss banking's reputation for solidity and Integrity. But Mr. Leutwller told the Bank's annual meeting that "in contrastReuter - 219 words
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Article620 1977-04-30 2 GENERALLY, shares closed lower In dull, quiet trading at the Kuala Lumpur Stock Exchange this week though some renewed speculative support was evident among the lower-priced counters after the middle of the week. The market opened on an easier note In a continuation of the trend last week.620 words
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Article264 1977-04-30 2 Reuter MARKET relief at the surprisingly small rise in the Consumer Price Index was amply demonstrated this week. In a market lacking any fresh background developments, and with buyers tending to hover at the sidelines, the small CPI rise featured as one of the more bullish developments in severalReuter - 264 words
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345 1977-04-30 2 RONALD LAM - Compiled by RONALD LAM OTHER ANNOUNCEMENTS Chemical Industries (F.E.) has subscribed for 306,000 Ssl shares or 51 per cent equity in HardmanChemlcal Industries, a Joint venture company with Hardman Chemicals of Australia. Hongkong Land is to raise US$54 million (S*l3o million) through345 words
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Page 2 Advertisements
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Advertisement222 1977-04-30 2 T^sinc nil SINGAPORE iness COM MUNICATIONS I nderlining an urgent need: While the Telecommunications Authority of Singapore is busily expanding services to link up with the world, the quality of domestic service still needs improvement. Crossing over to computers: Telecoms is employing computercontrolled equipment to meet increasing demand and usage222 words
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Page 2 Miscellaneous
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Miscellaneous41 1977-04-30 2 RtiStOW: Ftanklicfcene Vbo've got to mpito it to onte PoRON Tv4e TCP LAO/ Fudgc upwq. uf^fcr TMIS 6UT s.Me-s Ger T ,N& wee ourJ MOUO NO RONNVNG Orf SN NEXUNG "RD TH€. FoPHBR 1 sues OS»N& o vOOmprN'S U£P»PONS Wv 141 words
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Miscellaneous52 1977-04-30 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on April 29 at Singapore airport. Maximum Temperature 34.0° C Associated Humidity 50 Minimum Temperature 25.0° C Associated Humidity 97 Hours of Sunshine 8.05 Rainfall in Millimetres Nil Total Rainfall for the Month 16.6 Total Rainy Days for the52 words
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Miscellaneous305 1977-04-30 2 RADIO TV SINGAPORE 5 1.05 P.M. Opening Announcements followed by Sesame Street 2.05 Saturday Matinee Hear Me Good Starring: Hal March, Joe E. Ross, Merry Anders, Jean Willes 3.25 Soccer Malaysia Cup '77 (Preliminary 2nd round) Singapore vs Trengganu (English) 4.25 Sandiwara A Malay drama entitled "Kekerohan" (r) 5.05 Jigsaw305 words
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OVERSEAS
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216 1977-04-30 3 Reuter WASHINGTON, Frl. A feud between leading Democrats In Congress and the Democratic Administration of President Carter came into the open for the first time todr.y in a quarrel over the 1978 budget. Mr. Carter and his Defence Secretary, Mr. Harold Brown, cameReuter - 216 words
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Article99 1977-04-30 3 AP SYDNEY, Fri. A threatened seven-day strike, which would have grounded domestic and International airline flights, was called off today after a vote taken by the nation's 900 air traffic controllers, the transport Department announced. Several flight schedules today were advanced by up to eight hoursAP - 99 words
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581 1977-04-30 3 NO FIRM COMMITMENTS YET Reuter NYT WASHINGTON, Frl. The International Monetary Fund's interim committee reached broad agreement on the need to enlarge the fund's lending powers, delegates to the meeting said. However, the delegates said there were some wide differences of opinion on Just howReuter; NYT - 581 words
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673 1977-04-30 3 UPI BRUSSELS, Fri. The European Common Market as such will be taking part for the first time at London in a world economic summit. Much to the annoyance of the smaller countries in the nine-nation Community, the Common Market was excluded from theUPI - 673 words
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345 1977-04-30 3 Reuter PARIS, Fri. French Prime Minister Raymond Barre won grudging parliamentary approval for his latest economic plan last night while millions of Frenchmen endured the final hours of a one-day national strike which paralysed the country. Trains, buses, gas, electricity and schools were allReuter - 345 words
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Article123 1977-04-30 3 UPI vVASHINGTON. Frl. The Government's index of leading economic Indicators, supposed to foretell future American economic activity, increased 1.4 per cent in March, the largest climb in 20 months, the Commerce Department said today. "The size of the increase is pretty good," said economistUPI - 123 words
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224 1977-04-30 3 Reuter BANGKOK. Fri. Thailand, Lao* and Vietnam today agreed to keep the United Nations-sponsored Mekong Committee for continuing works on Mekong River development projects. A communique issued at the current session of the Economic and Social Commission for Asia and the Pacific (Escap)Reuter - 224 words
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328 1977-04-30 3 AP WASHINGTON, Fri. US President Jimmy Carter has decided to approve a penny-per-pound price support for raw sugar in a move to aid the US sugar industry, government sources said yesterday. Mr. Carter's move will be aimed at helping US sugar producers against foreign competitorsAP - 328 words
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Article, Illustration746 1977-04-30 3 LPS LONDON: A decade after the fashions of Swinging London and the miniskirted *****, clothes from Britain are once again capturing the interest and the orders of other countries. And this time it looks like Deing a much more enduring trend. In the firstLPS - 746 words
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Article87 1977-04-30 3 Reuter NEW YORK, Frl. Total commercial paper outstanding in the US rose US$l.77 billion (554.35 billion) in March to a seasonally adjusted record $54.55 billion from February, the New York Federal Reserve Bank said. This was the largest month-to-month gain since August 1974, financial company paperReuter - 87 words
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Article, Illustration371 1977-04-30 3 Reuter AP WASHINGTON, Frl. West German Finance Minister Hans Apel told the International Monetary Fund's interim committee meeting that the West German Government expects the country's real economic growth to be five per cent this year. Earlier today, the five leading West German economicReuter; AP - 371 words
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374 1977-04-30 3 Reuter LONDON. Frl. A British Government agency said little or no evidence exists that the country's inflation rate Is turning down. The Prices Commission, in its latest survey, said evidence suggests Inflation is likely to continue high well into the summer, the period whenReuter - 374 words
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Article347 1977-04-30 3 Reuter LONDON, Fri. Workers at the London Evening Standard today learned that financier Sir James Goldsmith has won the paper a last-minute reprieve, forestalling plans to sell it to publishers of the Evening News, its only rival. The Beaverbrooke newspaper group, which publishes the Standard, agreedReuter - 347 words
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Article269 1977-04-30 3 Reuter MANILA, Fri. Japanese Prime Minister Takeo Fukuda ia to visit the Philippines in August, President Marcos announced here today on his return from a four-day state visit to Tokvo. The President gave no details of the visit which is thought to be connected with aReuter - 269 words
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Page 3 Advertisements
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Advertisement96 1977-04-30 3 iIRJU MM FURHITURE For OFFICE EQUIPMENT and QUALITY SHELVINGS A complete range of quality office furniture and equipment consisting of desks, cabinets, chairs and all other office requirements. *4 rt n CM OEM open and closed type shelvings provide flexible load carry capacity for every storage need. All OEM products96 words
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COMPANY NEWS
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667 1977-04-30 4 SIM Lim Investments will realise a capital gain of $4.78 million from the sale of its Malaysian assets under the proposed scheme of reorganisation. The company says in a circular letter to shareholders, who will meet at an EGM on May 12667 words
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Article610 1977-04-30 4 Current Ex Date Total for Total for payment Date payable the year previous year Tasek Cement ord. 5%I Mar l6 Apr 30 5%I Nil Tasek Cement Pref. 5%I Mar 16 Apr 30 5%I 6% U.M.W. loan-. 4.25%I Mar 29 Apr 30 4.25% I 8.5% Berjaya Kawat 5%TEI Apr610 words
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305 1977-04-30 4 METRO Holdings Is to reorganise Its retail operations by centralising control of its five retail outlets into one main subsidiary company. Presently, the five outlets operate on a decentralised basis with each retail store functioning as a separate company but wholly-owned305 words
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487 1977-04-30 4 HIGHLANDS and Lowlands has'reported a higher group pre-tax profit of M 535.98 million for the year ended Dec 31, 1976 compared with $27.25 million for the old Highland and Lowland Para Rubber group In 1975. The better results are well In line with the487 words
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Article153 1977-04-30 4 The Chase Manhatten Bank has promoted Mr. Edward J. Cooper, Jr. and Mr. Benjamin P. Cassese as vice-presidents. Mrs. Mary Chong, assistant manager commercial accounts and Mr. Lim Jit Seng, credit analyst have left for Hongkong to pursue a specialised six-month advanced banking programme at Chase's Asia153 words
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Latest results
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Article58 1977-04-30 4 Pre-tax profit $1.75 million (loss: $2.55 million) on sales of $37.89 million ($23.97 million) for the year ended Dec 31, 1976. Extraordinary expenses $33,910 (nil), leaving net profit at $1.72 mllllon(loss: $2.55 million). First and final tax exempt dividend five per cent (nil) payable on June 20 to58 words
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COMPANY MEETINGS
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20 1977-04-30 4 THE following company meetings are due: May 4, 12 noon, 4 Jalan Tendang, Petaling Jaya.20 words
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Article19 1977-04-30 4 May 4, 4 p.m., Registered Office, Suites 4022-4025, President House, 54 A, Jalan Imbi. Kuala Lumpur.19 words
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Article16 1977-04-30 4 May 16, 11 a.m., at the Duke Room, King's Hotel. Havelock Road, Singapore.16 words
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Article19 1977-04-30 4 May 21, 10 a.m. Foh Chong Building, Room 2, 6th Floor, Jalan Ibrahim, Johore Bahru.19 words
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18 1977-04-30 4 May 30, 2.30 p.m., Straits Trading Building, Leboh Pasar Besar. Kuala Lumpur.18 words
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Article14 1977-04-30 4 May 10. 2.15 p.m., Registered Office, 10 Jalan Tandang, Petaling Jaya.14 words
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Article13 1977-04-30 4 May 12, 12 noon, Bastion House. 8 Jalan Kota, Malacca.13 words
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Article15 1977-04-30 4 May 12, 12 noon, at the Shangri-La Hotel, 22 Orange Grove Road, Singapore.15 words
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17 1977-04-30 4 May 14, 11.30 a.m., Registered Office, DBS Building, Shenton Way, Singapore 1.17 words
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Article20 1977-04-30 4 May 14, 12 noon. Registered Office. 2nd Floor, Industrial Commercial Bank Building, No. 2 Shenton Way, Singapore 1.20 words
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Article1525 1977-04-30 4 On April 28. TRADING in options on the Chicago Board Options Exchange came to 81,980 contracts on Thursday compared with 92,519 contracts on Wednesday. OPTION JLY OCT JAN STOCK Alcoa 50 T 7 3/4 UNTRD 57 1/8 Alcoa ao 1 2 a 1/2 57 1/8 Am Tel1,525 words
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724 1977-04-30 4 THOMAS E. MULLANEY - By THOMAS E. MULLANEY NYT IN his 85th year, John M. Olin can look back on scores of achievements business and personal In a long career as one of the nation's most prominent Industrialists, sportsmen and phllantrophlsts. He could take pleasure In the memoriesNYT - 724 words
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650 1977-04-30 4 GRACE LICHTENSTEIN - By GRACE LICHTENSTEIN NYT THE Shell oil project manager and the government archeologlst stood together on the lip of a rocky canyon, peering through field glasses at a crumbling Indian cliff dwelling built Into a cave centuries ago. "Isn't that something?" exclaimedNYT - 650 words
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945 1977-04-30 4 FT LONDON. Frl. The battle of the Pilbara, Australia's big Iron ore mining district, goes remorselessly on. It goes on between the companies and the labour unions. And even between the companies themselves, strife which stretches from an inability to presentFT - 945 words
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Page 4 Advertisements
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Advertisement186 1977-04-30 4 GAMBLERS HANDBOOK J? 1 jpon 5 7* ?n mf w ?P W lIP 2 in by E. Lenox Figgis F.C.A. A practical handbook explaining how batting takaa placa on tha world's moat popular batting paatlmaa, Including horaaa, doga, football pools, a porting avanta, casino gamaa, such aa crapa, roulatta, ate.,186 words
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INTERNATIONAL COMPANY NEWS
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Article222 1977-04-30 5 NEW YORK. Frl. International Telephone and Telegraph (ITT) signed a US$33 million contract in Taiwan today to provide Metaconta 10C electronic telephone switching equipment for the local telephone network. This contract is the third phase of the $57 million in orders received by Taisel, the222 words
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Article139 1977-04-30 5 Reuter OSAKA. Fri. Matsushita Electric Industrial reported net consolidated profit rose to 16.96 billion yen for the first quarter ended Feb 20. 1977 from 12.45 billion yen previously. This is equivaleni net earnings of 17.10 yt per share compared with 12.57 yen per share and was achievedReuter - 139 words
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Article65 1977-04-30 5 Reuter LONDON. Frl Vaal Reefs Exploration and M'ning and Southvaal Holdings say they plan to increase uranium production capacity at Vaal Reefs mine at an estimated cost of 60 million rand in 1976 money terms. Details of the expansion were given in the South African mining companies'Reuter - 65 words
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454 1977-04-30 5 Reuter LONDON, Frl. British Petroleum chairman Mr. David Steel said significantly high production from the North Sea Forties Field will have a major Impact on profit in the current year. He told the annual meeting the final platform started producing this week and theReuter - 454 words
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Article338 1977-04-30 5 Reuter DEARBORN, Michigan, Fri. Ford Motor, which this year decided to concentrate on big cars, reported record sales and profit in the fifst three months of 1977. The second largest US car maker said its profit totalled US$4B3 million ©r $5.12 a share, up 47V« per centReuter - 338 words
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Briefly
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Article78 1977-04-30 5 ZURICH. Fri. Foreign bond issues in Switzerland this year will probably match the 1976 record of 3.4 billion francs, Schweizerische Bankgesellschaft deputy general director Mr. R. Sutz said. This reflects the continued liquid state of the Swiss capital market, the considerable interest differential viz-a-viz rates abroad and the78 words
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Article101 1977-04-30 5 DETROIT. Fri. Chrysler said yesterday that about 35.000 workers would be furloughed or put on short shifts today because of a strike at a stamping plant. Tentative agreement to end the strike at the sterling stamping plant here, which produces fenders and other parts for Chrysler cars, was reached101 words
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Article68 1977-04-30 5 BANGKOK. Fri. Tenneco of the US has started fresh drilling under an agreement extending its prospecting rights in blocks 14 and 15 in the Gulf of Thailand, a Thai Government spokesman said. He said the agreement providing for the extended prospection was signed on April 21. Tenneco's partners in68 words
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Article27 1977-04-30 5 LONDON. Fri. The Bougainville Copper Finance US$25 million 8 3 per cent Eurobond due 1984 was priced at par, lead manager Morgan Stanley International said.27 words
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Article80 1977-04-30 5 MELBOURNE. Fri. Broken Hill Pty (BHP) Esso exploration and production Australian partnership plugged and abandoned the Barracouta no. 4 well, offshore Victoria, after testing showed the volume of oil available was not sufficient to justify completion as a producer. BHP said. The tests indicated, however, that the oil intersected80 words
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Article54 1977-04-30 5 TOKYO. Fri. Nikko Securities reported a net income of 12.461 billion yen for the six-month period ending March 31. 1977, up 22.6 per cent over the corresponding period of last year. One of Japan's leading securities houses. Nikko said revenues amounted to 59.714 billion yen. up 15.3 per cent54 words
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1250 1977-04-30 5 NYT LONG BEACH. Calif., Fri. These days the rubblestrewn finger of landfill jutting out into San Pedro Bay holds shiny new Toyotas just off the boat from Japan. But Standard Oil (Ohio) is betting millions of dollars that, within two years, the land can beNYT - 1,250 words
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242 1977-04-30 5 Reuter LOS "ANGELES, Frl. Occidental Petroleum, a major independent oil producer, said yesterday It had uncovered "apparently Illegal" payments of about U*****,800 in the US and abroad between 1969 and 1975. The company said it had set up a committee to Investigate the payments, disclosed InReuter - 242 words
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Article176 1977-04-30 5 LONDON, Frl. Vickers said pre-tax profit last year fell to t'17.4 million on sales of t.424.23 million .from £18.67 million on sales of £324.9 million in 1975. It will pay a final dividend of 5.2866 pence net. which is equal to 8.1332p gross, on July 4. This makes176 words
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249 1977-04-30 5 Reuter TOKYO. Fri. Kanematsu-Gosho said it is asking creditor banks for reductions in interest payments on some of its outstanding loans. But a company spokesman denied a local press report the company could be in serious financial difficulty, and said it will pay an unchangedReuter - 249 words
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303 1977-04-30 5 Reuter LONDON, Frl. Rio TlntoZlnc director Mr. Andrew Buxton said 1977 capital spending will be slightly above the £190.5 million spent in 1976, largely becausa-of spending on the Hamersley Holdings ore concentrator. Capital spending authorised but not contracted for totalled £329.4 million in 1976 againstReuter - 303 words
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Article140 1977-04-30 5 Reuter SYDNEY, Fri. Renison said it will make a one-for-one bonus issue of 50 cent nominal shares to holders registered on June 16. The proposed issue is subject to an unstated increase in authorised capital being approved by shareholders at an extraordinary meeting set for May 26,Reuter - 140 words
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Article652 1977-04-30 5 NYT Reuter MINNEAPOLIS, Minn.. Frl. Westinghouse Electric may be able settle Its suits against uranium suppliers so that the settlement awards would cover the costs of settlements against Its utility customers, chairman Mr. Robert E. Klrby told reporters following the annual meeting. Mr. Kir by said heNYT; Reuter - 652 words
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166 1977-04-30 5 Reuter MANILA. Frl. Philippines President Marcos directed the governmentowned Philippine National Bank to buy back with Interest the 100 million pesos worth of prefered shares It sold to the public last year. Central Bank governor Mr Greogrlo Llcaros said the Monetary Board hadReuter - 166 words
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Page 5 Advertisements
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Advertisement79 1977-04-30 5 Everybody is asking... ASEAN -what is it really all about? New Directions tells you V o* $3 00 10^1 T* (#VI UL os®„ YEAJL .\FTER ft\U w«> O** SdlaT" 1 4 Vol 4Nn 1 1 pL£No_j_ «vslt MARCH 1977 The Circulation Manager Times Periodicals Pte. Ltd., 422 Thomson Road. Singapore79 words
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Article2176 1977-04-30 6 1977 High Low Company Last Sale +orGr'a div Div c'vr Gr'» y'ld Net P/E Vol <•000) Day High Low SECTION ONE INDUSTRIALS 146 133 204 76 212 85', 198* 163 219 392 136 127 204 58 212 57 155 154 182 356 Acma Acma A Alcom Allied2,176 words
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Article1114 1977-04-30 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Slneaoore vesterdav 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 Board1,114 words
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Article1267 1977-04-30 6 imdusTrial* Atma (J. 408) (5) 1.41. Aj.nomoto (2.025). XD. AI«om (1.908). A. Choc (0.638) (1) 0.63 AMD. (0.548). A.F.I. (0.498 0 49JS) (2) 0.49. 41) 0.49 ft. ata (2.08B), XD B. Kawat (1.468 1 .488) (1) 1.48. Bsuttaad <1 588 1.598) (5) 1 59. Ba»i» |ti (01,267 words
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Article91 1977-04-30 6 STRIKING prices of the Mock option! officially listed on the Stock Exchange of Singapore, the period*, bid and offer price* and business done yesterday, with the number of options traded shown in brackets. DBS (June $3 90) (0 0258 0.045) (1) 0 04. (Dec S3 60) (0 32891 words
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Article157 1977-04-30 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' price# for May 3> (Current prices) The Commerce 1.88 1.79 INCOME BOND 104 1.10 The Savlnc Fund .O H 0.91 S pore Prog Fund .0.77 S'pore Security Fund 1.41 0 82 MARA BUMIPUTRA FUND 1.49 (Manager's prices for May 3) S'pore157 words
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Article181 1977-04-30 6 BOTH 1/2* 1981 (100,000) (102*«B 103HS) D B S 8 1/2* 1982 (100.000) (1008 100 3 «S) DBS Convert* 6 1/2* 1991 (100,000) (97'«8 98S) E I B 9* 1982 (100.000) (103HB 104 HeS) E 1 B 8 1/4* 1983 (100.000) (100 s sß 101 V«S) 1 B181 words
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Article98 1977-04-30 6 5 1/2* 15/4/78 (250,000) (101.358 101.635) 5 1/4* 15/7/78 (250,000) (101 488 101.555) 4 3/4% 1/5/79 (250,000) (100.708 100 78S) 7* 1/7/79 250,000) (104 658) 5 1/4* 15/10/79 (250.000) (101.608 101.755) 6 3/4* 15/6/80 (250,000) (103.30B) 6 3/4* 1/12/80 (250,000) (103.30B) 5* T F 15/4/81 (250,000) (101.47898 words
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Page 6 Advertisements
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Advertisement137 1977-04-30 6 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. Gilbert Corporation Man: A.137 words
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Article611 1977-04-30 7 A few bullish spots emerged in i market that was still generally marking time at the Stock Exchange of Singapore yesterday. The market remained rather hesitant and were completely non-committal where the higher priced stocks were concerned. The main feature of the day was Ben. Having started611 words
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Article421 1977-04-30 7 THE Kuala Lumpur stock market closed barely steady yesterday with trading still on the quiet side as most operators remained noncommittal ahead of the long Labour and Wesak holidays. After a steady opening, shares enjoyed some good follow-through support but slipped slightly towards the close. Although421 words
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Article88 1977-04-30 7 UPI OSAKA. Fri. Duskin, a dust-control equipment maker, said it will set up a partnership with Jerrico of Kentucky to sell fast foods in Japan. Under a 15-year agreement to be signed in MidMay, Duskin will import recipes and operational know-how for fast-food stores fromUPI - 88 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1078 1977-04-30 7 NEW YORK: The stock market on Thursday managed to maintain Wednesday's upward momentum, but eked out only a modest gain In quiet trading. Some support came from anticipation or flat to slightly lower US money supply for the latest bank statement week, analysts said. The key aggregates were1,078 words
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Article339 1977-04-30 7 ZURICH: The market generally closed slightly higher In quieter activity after the hectic dealings of the last few days, dealers said on Thursday. The statement of Swiss National Bank President Fritz Leutwller at the bank annual meeting reaffirming Investors at the Chlasso branch of Kredltanstalt would not suffer any339 words
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Article405 1977-04-30 7 PARIS: The market continued Its decline following the economic package announced by Prime Minister Raymond Barre on Tuesday, dealers said on Thursday. The retail price Index, showing Inflation accelerated In March, was the latest factor to depress share prices, they noted. Metals and stores showed the heaviest falls, with405 words
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Article339 1977-04-30 7 FRANKFURT: Shares closed up to two marks higher In active trading, partly set off by domestic and foreign Institutions demand, market sources said on Thursday Activity was centred on the auto and engineering shares, with Mercedea Holding gaining three marks. KHD and Man Ord. shares closed five marks firmer.339 words
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Article163 1977-04-30 7 BRUSSELS: Share prices closed mixed In more lively trading, bourse sources said on Thursday. Reaerve, Ebe§, Cockerill, Solvay and Comet ra rose but SoAna. Clabecq, Sidro, and GB which said profits rose in the first three months of this year, all fell. In foreign stocks UK, German and US163 words
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Article301 1977-04-30 7 TORONTO: The market closed moderately lower, with the composite Index off more than two points However, advances were narrowly ahead of declines, dealers said on Thursday. Among the largest net changes Foodcrop gained 1 1/2 to seven. Dome Petroleum was off 1-3/8 to 40-S/8. Banister Continental rose 1-1/8 to301 words
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Article313 1977-04-30 7 AMSTERDAM: Shares were generally lower on Thursday despite the recovery on Wall Street. Losses ranged from 0.10 for Philips to 1.40 guilders for Hoogovens among Dutch Internationals although Uailever closed unchanged. Elsewhere HAL rose 0.40 among otherwise lower transports. Scheepvaartunie fell 1.50 after saying profit this year will be313 words
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Article399 1977-04-30 7 JOHANNESBURG: Gold shares eased toward the close after a mixed opening but with lack of interest leading to quiet trade and small movements, dealers said on Thursday Financial minings followed producers with CFSA shedding 25 cents to 1,525 and AF Leaae gaining 15 cents to 375. In Diamonds, De399 words
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Article136 1977-04-30 7 MILAN: Stocks moved selectively higher In thin trading. In reaction to recent losses, bourse sources said on Thursday. Fiat and Generate Immobilaire firmed slightly while Montedison, Viacoaa, Pirelli SPA and Assicurazioni Genera li were little changed. APR Lire Ante 240 +2 Assoc Gen ***** +20 Bastogt 594 4-8 Centrale136 words
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Article390 1977-04-30 7 HONO KONO: Share prices generally closed marginally lower In quiet and featureless trading, dealers said on Friday. The Hang Seng index dropped 1.59 points to 441.94 Hongkong Bank lost HK2O cents to $17.60 and Wheelock Marden 2.5 cents to $2.55 Hongkong Land, Jardine Matheaon and Swire Pacific closed unchanged,390 words
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Article428 1977-04-30 7 SYDNEY: The market was generally firmer on Friday, with sentiment aided by the slowdown In the consumer price Index reported on Thursday, dealers said. "the Sydney All-Ordlnarles Index rose 2.32 points to close at 37.49 points. Reniaon rose 70 cents to $9.30 on its one for one bonus Issue428 words
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Article172 1977-04-30 7 MANILA: The market closed mixed on Friday as oil recovered slightly while minings continued lower on the fall In metal prices, dealers said. Commercials advanced frac- tlonally, Total turnover was higher at 2.23 million pesos compared with Thursday's 1.47 million Gainers were Phil Pimm, San Miguel A and Saa172 words
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Article91 1977-04-30 7 APR 29 Bahts Asia Fibre 165 unch Bangkok Bank 293 Bangkok Invest 176 unch Bangkok-Metro-politan Bank Bata 415 -2 Berll Jucker 233 -2 Charoong Thai Wire Dumex Duslt Thanl Faber Merlin First Trust Indo-Thal Industrial Finance Corp 185 -10 J And J Ho 225 Jalaprathan Cement 118 ♦4 Karnasuta91 words
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Article72 1977-04-30 7 FINANCIAL TIMES INDUSTRIALS Thursday 428.2 Wednesday 427.4 Week Ago 418.7 DOW JONES AVERAGE INDUSTRIALS Thursday 927 32 Wednesday 923 76 Week Ago 935.80 LONDON DOLLAR PREMIUM Thursday 121 Vi to 122 Wednesday 123* to 124* H.K. HANG SENG X h H rsd y «2.53 Wednesday 442 50 w Ago72 words
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Article180 1977-04-30 7 Reuter LONDON. Frl. The UK Treasury said companies which have 90 per cent or more of their assets overseas and where 90 per cent or more of earnings derive from operations abroad will normally qualify for exemption from UK dividend controls. This Is in addition to companiesReuter - 180 words
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Article171 1977-04-30 7 Reuter OAKLAND, Frl. Kaiser Aluminum and Chemical expects 1977 to be a very good year possibly the best ever, president Mr. Cornell C. Maler told the annual meeting. The company's previous record year was 1974, when It earned U555.63 a primary share on sales of $1.74 billion. LastReuter - 171 words
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Page 7 Advertisements
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Advertisement340 1977-04-30 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 malam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational f quite unlike the type that merely appeals340 words
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COMMODITY REPORTS AND PRICES
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Article811 1977-04-30 8 THE Singapore rubber market yesterday opened 0.50 cent lower after which prices fluctuated uncertainly, but recovered sllghtly after mid-day on moderate forwards enquiry and weekend short-cover-ing, dealers said. Profit-taking and some upcountry selling later brought values lower once more, they said. Turnover was fair while811 words
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Article30 1977-04-30 8 Rubber: April 29 Singapore: May 195 cts (down 2.50 cts.) Malaysia: May 196.25 cts (down 2.50 cts) Tin: 11,458.00 (down $3.00) Official offering: 230 tonnes (down 20 tonnes)30 words
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Article275 1977-04-30 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICI L YESTERDAY. Coconut OH: Bulk $107' i sellers, old drum $112'» sellers, new drum sellers Copra Mixed (loose) UK/Cont. $70 buyers Pepper Muntok ASTA white f.o.b. 100% NLW $397-1 sellers, Sarawak white f ob 96% NLW $377' i sellers,275 words
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Article125 1977-04-30 8 THE following Palm Oil prices were quoted In London on Thursday The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated Thurtdtv Prev. Malaysia 5% tfa bulk June/July 642 N 662 sir Sumatra 5% Ani unch 965 pd Ma V unch 075125 words
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Article110 1977-04-30 8 May June R.A.9. (Current Mth) Buyer* Seller* (cenu par k«> (Forward Mtal Buyer* Salter* (cent* per k«> SSR20 (l-ton Pallet) 194 00 195 OOS 195 00 190 OON SSR50 (1-ton Pallet) 192 00 193 OON 193.00 194 OON M.R.E.L.B. SMR5CV (1-ton Pallet) 220 50 222 50N 222110 words
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Article182 1977-04-30 8 THE Straits tin price in Penang yesterday fell $3.00 to $1,458.00 on an official offering down 20 tonnes to 230 tonnes. In LONDON yesterday morning, tin showed minor losses of around £7 for Cash and £15 for Three Months in both contracts. Dealers said prices declined in the182 words
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Article101 1977-04-30 8 LONDON. Frl. Lead eased £0.25 for Cash and £1.25 for Three Months in the morning. The metal largely resisted the decline in copper although Three Months traded in the pre-market at £392 before sagging to £386 at the start of the Ring. The lower levels found short-covering support prompted101 words
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Article46 1977-04-30 8 LONDON, Frl. Zinc fell by mostly £3.50 per tonne in the morning. Three Months slipped from £391 to £388 in the pre-market but steadied in the Ring around the £388.50 level. Sales were only 450 tonnes. A small rise is expected in stocks this week.46 words
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Article374 1977-04-30 8 IN the Singapore gold market yesterday, the kllobar was traded In the range of 5)11,690 to 5511,720. Demand was moderate and activity was concentrated on the loco London gold which opened at U*****.30/146.60. Good buying Interest and shortcovering was uncovered as the price moved up to close at U*****.90/147.30.374 words
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Article227 1977-04-30 8 LONDON, Frl. Silver < finished with losses of around 1.4 to 3.0 pence per < troy ounce in the morning. < A sagging trend in the premarket, which re- i fleeted the overnight close I in New York and the trend J in base metals, was later reversed. 1227 words
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Article221 1977-04-30 8 BANGKOK, Frl. Indicative prices quoted for rice are: US dollars per tonne f"b 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 227221 words
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Article267 1977-04-30 8 LONDON, Fri. Sugar futures moved ahead of Improved overnight Kerb levels at the opening call to finish with gains from yesterday's close of £4.10 (near Aug at £143.05) to £2.40 per tonne. Support stemmed largely from weekend shortcovering and occasional trade buying, dealers said. Both the London dally raws267 words
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Article97 1977-04-30 8 CHICAGO. Thurs. Wheat futures posted gains of 3 1/2 to 2 3/4 cents a bushel. Professional buying and spread buying of wheat against soybeans resulted In small early gains and beans fell sharply In nearbys. Additional support followed commercial bull spreading and speculative buying on firmness in cash wheat97 words
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439 1977-04-30 8 FOLLOWING the easiness of recent weeks, the period under review has seen a grounding out of levels and a final come back of some three cents, says Holiday, Cutler Bath In its weekly review of the Singapore and Malaysian rubber markets. Initially, trading439 words
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Article339 1977-04-30 8 LONDON, Frl. Futures ended the opening call with gains of £20 to £55 per tonne on last night but the end call official tone was barely steady. Gains were erased and prices drifted lower to hit the session's lows before recovering to close steady, £56 to £35 down on339 words
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Article214 1977-04-30 8 CHICAGO, Thurs. At the end of a session marked by wide, rapid swings to either side of the previous close, soybean futures were 31 to 11 cents a bushel lower In old crop months and 17V» to 10 cents higher In new crop positions. Old crop prices dropped sharply214 words
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Article260 1977-04-30 8 LONDON, Fri. Copper wirebars finished with losses of £9.50 per tonne for Cash and £10.50 for Three Months in the morning. Dealers said the market was subjected to further selling pressure from general liquidation following weak overnight New York and the routine nature of consumer offtake. On the pre-market,260 words
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MONEY AND EXCHANGES
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Article587 1977-04-30 8 SOMETHING has been stirring in Singapore's local money inter-bank market. Not only have overnight rates inexplicably steadied at what bankers feel Is a fairly high level, with rates in the terms following suit, but the Post Office Savings Bank has since Tuesday started to make an appearance as a587 words
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Article182 1977-04-30 8 Asian rates ASIAN currency deposit Interbank rates as at close on April 29 US Dollar* (Spot) Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths S 1/8 S 3/8 5 3/16 5 5/16 S 6/16 5 13/16 6 S 5 1/4 5 1/16182 words
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Article47 1977-04-30 8 RANGE of prices offered by discount houses on April 29 Ovemlfht 3S Call deposit 3% ClMtec B«y Selliaf 3- month Treasury bills 3 2 7/8 3-Month Bank bills 41/16 315/16 3-Month CD 4 3/* 4 1/4 •-Month CD 41/2 4 3/8 Source: National Discount Co Ltd.47 words
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Article49 1977-04-30 8 RESULTS of tender held on April 29 for 91-day Treasury bills to be issued from May 3 to May 6. Offered: $20 million Applied for: $63,100,000 Alloted: S2O million Accepted bid: $99.26 approximately 42%; higher bids in full. Average rate of discount on allotment: 2.960% pa.49 words
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Article194 1977-04-30 8 LONDON Fri. The dollar edged slightly higher against European currencies In verv quiet early trading, dealers said. Trading was subdued on end-month considerations. The dollar stood at 1.7191/94 to the pound after 1.7192/95 overnight, at 2.3590/3600 marks after 2.3565.75 and at 2.4520/35 guilders after 2.4490/4505. The Canadian dollar ruled194 words
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Article168 1977-04-30 8 NEW YORK. Thurs. The dollar closed slightly firmer 1 after a fairly quiet session 1 amid expectations the US < March leading economic Indicators due on Friday i will show a larger rise than the 0.4 per cent gain In < February, dealers said. The Guilder eased to168 words
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Article102 1977-04-30 8 HONGKONG, Fri. The US dollar closed virtually unchanged at HK54«6515/35 from its overnight $4.6520/40 amid quiet endmonth position squaring, dealers said. European currencies were quiet and steady on their New York closes. HONGKONG banknotes quoted on April 29 US 4 64/ 4 66 UK 8 00/ 8 20 Burma102 words
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Article48 1977-04-30 8 AUSTRALIA/NZ exchanges quoted on April 29 Australia: Sterling 0.6460/0.6389 US dollar 1.1069/1.1021 Ninety-day air mail buying rates: Sterling 0.6652 US dollar 1.1322 Ninety-day forward buy- ing rates: Sterling 0.6454 US dollar 1.0953 New Zealand: Sterling 0.5602/0.5571 US dollar 0.9678/0.9578 Ninety-day forward rate Sterling 0.5811 US dollar 0.985848 words
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Article146 1977-04-30 8 Euro rates LONDON, Fri. Eurodollar deposit rates opened little changed in 3ulet pre-weekend trading, ealers said. A Friday end of period made for an initial 1/4 gain in One Month while Four Months opened around 1/8 easier, reflecting the loss of a Friday end, dealers added. Interest in periods has146 words
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Article56 1977-04-30 8 Minimum lending rates (in acbc 8*4 Algemene Bank 6*« Citibank 6\ 7 HSBC 7 Bank of America Indosuez 6 3 Bank of China 7 Malayan Banking 6 3 Bank of Tokyo 6*« Mitsui Bank 6\ Bank Negara OCBC 6 J 4 7 OUB Chartered Bank 6^ UCB 7 Chase Manhattan56 words
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Article46 1977-04-30 8 ZURICH exchanges closing quotes on April 28 US 2.5178-5186 UK 4.3270-3300 Can 2.4000-4020 W Germ 106.77-85 Neth 102.77-88 France 50.75-79 Belg 6.98 3/4-99 1/2 Denm 42.27-29 Norw 47.76-79 Swed 58.07-11 Italy 0.2837-2840 Austria 15.01-03 Port 6.52-54 Spain 3.66-66 1/2 Arg 0.70-85 Japan 0.90 3/4-91 1/446 words
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Article33 1977-04-30 8 FRANKFURT exchanges opening quotes on April 29. US 2.3588/98 (2.3578/83) Can 2.2520/40 UK 4.05/06 Neth 96.140/225 Swltz 93.46/56 Italy 2.65/66 France 47.48/58 Norw 44.70/78 Belg com 6.54/55 Belg fin 6.53/54 Japan 0.8507/1733 words
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Article13 1977-04-30 8 TOKYO, Frl. The market is closed today for the Emperor's Birthday holiday.13 words
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Article312 1977-04-30 8 LONDON, Frl. Dollar Eurobonds were steady with a firm undertone In moderate trading, dealers said. Convertible bonds opened slightly easier, then hardened a little in moderate trading. LONDON Eurobond prices quoted on April 29 Str»i«l>i« Bid Offer Austria h .JO 101 102 Bell CaiijiU 8*4 86 104** 105%312 words
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Page 8 Advertisements
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Advertisement248 1977-04-30 8 "AS I WAS PASSING" is now compiled into a book All those articles that you've meant to read, but didn't have time for, but which vou promised yourself you'd cut out and keep, and missed, because the papers had been used to wrap up things, or had been sold to248 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration515 1977-04-30 9 Carter's decision may spark off air cargo rate war... WASHINGTON, Friday NYT PRESIDENT Carter's decision to support price competition among airlines may spark off a rate war among International operators, according to aviation circles. An official of British Airways which Is Involved In a cargo rate war with US airlinesNYT - 515 words
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461 1977-04-30 9 KUALA LUMPUR, Friday MALAYSIA Shipyard and Engineering (MSE), which runs a shipyard In Johore, has successfully negotiated a MSIS million consortium loan with nine Insurance and other types of funds. The 10-year term loan carrying a favourable fixed Interest rate of nine per461 words
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Article187 1977-04-30 9 HAMBURG will be the venue of a major transport exhibition, covering all aspects of modern traffic and transportation systems, in 1979. This exhibition, called the ''IVA '79", International Transport Exposition, will display the latest developments in the field of transport, and will give a clear187 words
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141 1977-04-30 9 Reuter MADRID, Fri. The Spanish Government yesterday announced the installation of new and improved air traffic control equipment throughout the country after allegations that its airports and airspace are dangerous. The Air Ministry's Civil Aviation Office said it was announcing the improvements inReuter - 141 words
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Article48 1977-04-30 9 Reuter LONDON, Fri. UK weekly car output averaged 22,490 in March against 22,856 in February and 28,522 in March last year, the industry department said. Weekly output of commercial vehicles averaged 8,201 in March against 8,088 in February and 7,489 in March last year. Reuter.Reuter - 48 words
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Article37 1977-04-30 9 UPI TOKYO, Fri. Japanese exports of four-wheeled cars totalled 3,820,422 units in fiscal 1976 ended March 31, an Increase of 27.6 per cent over the previous year, the Japan Automobile Manufacturers Association said. UPI.UPI - 37 words
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426 1977-04-30 9 LONDON, Fri AP SHIPOWNERS from 20 of the world's largest shipping nations yesterday welcomed President Jimmy Carter's call for an International conference to secure better worldwide oiltanker safety and antipollution regulations. But the outgoing president of the International Chamber of ShippingAP - 426 words
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Article, Illustration338 1977-04-30 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Vilja (B. Barge) (2300 tbc) 48 Felchl (2300 35/36 Laertes (0500 47 Lexa Maersk (2300 after Neder Waal) 8/9 Manjusan Maru (0600 after Centaur) 45 Nlppo Maru (0700 after Sea King) 29/30 Perak (1500 20 East Ruby Lutus (Clinker) (1700) 5 Salvador338 words
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Article195 1977-04-30 9 KUALA LUMPUR, Frl. The Malaysian International Shipping Corporation has Joined the ScanDutch shipping consortium to operate a Joint container service between the Far East and Europe. According to a MISC statement yesterday an agreement was signed on April 16 between the corporation and other members of the consortium.195 words
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Article193 1977-04-30 9 AP LONDON, Frl. Chemical chartering augmented other business to make for a busier day's fixing yesterday. In the Far East, the Tal John received US$lO.5O (FIO) for a 13,000-tonne May 9-23 bagged urea shipment from Ulsan to Buenaventura, while the Maria took U5519.50 (FIO) for an April-MayAP - 193 words
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422 1977-04-30 9 Reuter NEW YORK. Fri. A federal Judge has ordered British Airways, Air France and the authority responsible tor operating New York s Kennedy Airport to be in court on May 6 and promised a quick ruling on whether the supersonic Concorde airlinerReuter - 422 words
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Article630 1977-04-30 9 ARRIVALS Service Operator Number Local Time From CAL CPA MAS PAA CI333 CX003 MH682 PA847 0400 0145 0610 0840 TPE/HKG/KUL HKG KCH SFO/OUM CPA CAL SIA OIA THAI CX710 CI814 SQ2U GA980 TG423 1000 1000 1015 1030 1035 HLP HLP HLP HLP BKK OIA PAL RBA OA908630 words
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193 1977-04-30 9 Reuter LONDON, Frl. The British aircraft industry formally passed under state control yesterday with no major new civil projects on its books but with hopes of winning a share in building the next generation of international airliners. In official language it was "vestingReuter - 193 words
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Page 9 Advertisements
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Advertisement195 1977-04-30 9 1 r A MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments thot have taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The195 words
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Article, Illustration1941 1977-04-30 10 CHARLES SMITH - By CHARLES SMITH FT WHEN Mr. Takeo Fukuda. the Prime Minister of Japan, stands up to speak at next month's London economic summit his main object will be to convince his fellow heads of state that Japan is doing Its bit in helpingFT - 1,941 words
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1696 1977-04-30 10 MOHSIN ALI - By MOHSIN ALI Reuter THE issue of world poverty in 1977 is becoming a matter of domestic Importance to the rich nations as well as the poor. "It can no longer be relegated by Industrial countries to the periphery of national concern,Reuter - 1,696 words
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Page 10 Advertisements
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Advertisement420 1977-04-30 10 APPOINTMENTS THE TIMES PUBLISHING GROUP offers challenging careers in ADVERTISEMENT SALES in our group of newspapers We're looking for bright young men in their late twenties/ early thirties who are fit and energetic and probably active in sport. We have vacancies at two levels: a) SALES EXECUTIVES The nature of420 words
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Page 11 Advertisements
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Advertisement471 1977-04-30 11 How advertisers can mount a campaign aimed at businessmen Tactical information from Business Times ■v.: m. lb u ,c 3. Shotgun approach beware. Be careful about spreading your message across too many publications. This approach is called the shotgun approach. A secret: Research into readership indicates that readership of advertisements471 words
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Article, Illustration351 1977-04-30 12 WEST Germany will try to encourage the other European Economic Community member-governments to participate in closer dialogue with Asean, according to the German Foreign Minister, Mr. Hans-Dietrich Genscher yesterday. In a press conference before his departure, he said that in his talks with the Singapore Government351 words
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Article182 1977-04-30 12 Reuter MANILA, Fri. Asean is being watched eagerly by the rest of the world as it moves to realise its goal of a common market, the Philippines Daily Express said today. The mass circulation newspaper, in an editorial, said Asean s viability as a regionalReuter - 182 words
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Article91 1977-04-30 12 IN QUICK TIME TIMES Printers has just completed a rush order to print 10,000 copies of the 688-page bestseller. Roots, by Arthur Haley. In just 17 days, according to the company yesterday. The order originated from Hutchinson of the UK in the form of a telephone inquiry on April 7.91 words
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Article806 1977-04-30 12 LONDON. Fri. The stock market closed firm, helped by the half point reduction In the Bank of England minimum lending rate, dealers said Turnover was light. At 3.00 pm the Financial Times index was up 4.4 at 432.6. Government bonds closed around 5/8 higher among longer maturities, having806 words
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421 1977-04-30 12 Reuter WASHINGTON, Frl. Secretary-General of the Organisation for Economic Cooperation and Development Emlle van Lennep told the IMF Interim committee that progress In reducing the underlying rate of Inflation in several of the key Industrial countries seems to have come to a halt. ThereReuter - 421 words
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269 1977-04-30 12 Reuter BONN, Fri. West Germany's five major economic research institutes forecast slower growth in the Western industrialised countries this year, but said reflation is not the way to deal with this. In their joint spring report, they said real growth will average atReuter - 269 words
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Article43 1977-04-30 12 A WORKSHOP on Techniques of Hanging Wall Covering will be held from May 10 to 13 at the Ponggol Vocational Institute. This workshop is sponsored by ICI Vymura Wallcoverings and supported by the Singapore Instltute of Architects Building Centre.43 words
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Article46 1977-04-30 12 THE Kester Solder Division of Litton Components of Singapore will hold three seminars next month. One will be held in Singapore at RELC International House, on May 19. Two others will be held in Penang and Kuala Lumpur on May 16 and 17 respectively.46 words
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Article185 1977-04-30 12 IN its continuing campaign to get Itself discharged by debenture holders United Malayan Banking Corp (UMBC), FEP International yesterday sent a lawyer's letter to the bank demanding all debentures and mortgages In order to prepare the necessary discharge documents. A copy of the letter, sent to Business185 words
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964 1977-04-30 12 AP TOKYO. Fri. Prime Minister Takeo Fukuda has committed Japan's political and economic support to Asean with a pledge that the five-nation group will be a "pillar of Japan's foreign policy." The promise made yesterday to Philippine President Marcos, cappingAP - 964 words
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Article197 1977-04-30 12 THE Chinese Chamber of Commerce yesterday came out in support of the Singapore National Shippers' Council and called for opposition to the Far East Freight Conference's proposal to raise freight rate by 12.5 per cent. Mr. Sla Yong, chairman of the SNSC, who said the197 words
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Article90 1977-04-30 12 i UNITED Overseas Bank Is opening its New York branch next month, according to a bank spokesman. The chairman, Mr. Wee i Cho Yaw, Is expected to fly to New York for the opening of the bank's 78th branch j whlcf will be headed by Mr.90 words
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334 1977-04-30 12 ALTHOUGH professional services can facilitate changes and provide access to new opportunities, they cannot be a substitute for good management. This was said by Dr. Brian Scott, managing director of an Australian based management consultant firm, W.D. Scott and Company, at334 words
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Article, Illustration163 1977-04-30 12 A SENIOR Cabinet Minister Is expected to be named Singapore's next ambassador to Indonesia. It is understood that Enclk Othman Wok (above), the Minister for Social Affairs, will assume the post before the middle of this year. Currently representing Singapore in Jakarta is Encik Rahlm163 words
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Article107 1977-04-30 12 CHICAGO, Fr*. Seven members of the wealthy Hunt family of Texas were charged yesterday in a suit brought by the Federal Government with illegally attempting to corner the soybean futures trading market. The suit, filed by the Commodities Futures Trading Commission, charged that the Hunts and107 words
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Article26 1977-04-30 12 THE Ghim Moh Estate Post Office will be officially opened by Dr. Chiang Hai Ding, Member of Parliament for Ulu Pandan, on May 5.26 words
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293 1977-04-30 12 Reuter LONDON, Fri. A fair compensation price for the Government takeover of British Aircraft Corp (Holdings) (BAC) would be at least £200 million (SM4O million), General Electric Co and Vlckers said In a joint statement. The two companies each own 50 perReuter - 293 words
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Article168 1977-04-30 12 UPI TOKYO. Fri. Chinese Vice Minister of Foreign Trade Chai Shu-fan will visit Japan May 2-13 for talks on a proposal to swap Chinese coal and oil for Japanese Industrial equipment, the financial newspaper Nlhon Keizai said today. The paper said the ostensible reason for Mr. Chal'sUPI - 168 words
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Article152 1977-04-30 12 TOKYO, Fri. Industrial production In Japan rebounded in March after three months of decline, the Ministry of International Trade and Industry (MITI) reported today. The MITI production index, which measures Japan's mining and manufacturing output, rose to 128.7 for March, a full point above February's performance. It is152 words
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Article135 1977-04-30 12 UPI Reuter TOKYO, Fri. Seasonallyadjusted construction orders received by 43 major Japanese firms rose 5.9 per cent in March to 548 billion yen (554.9 billion), from a revised 517 billion in February, the Construction Ministry said. Unadjusted, March orders were 4.1 per cent higher than in MarchUPI; Reuter - 135 words
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Page 12 Advertisements
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Advertisement198 1977-04-30 12 SEE PAGE 2 Give us a man for a monthwe'H give him a language for life infingua now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high198 words