The Business Times, 17 May 1977
1977-05-17
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The Business Times
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Title Section9 1977-05-17 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, MAY 17, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article73 1977-05-17 1 Reuter THE HAGUE, Mon. The non-communist world Is likely to face a crippling energy shortage before the end of the century despite conservation efforts and a search for new fuels, an International expert study group predicted today. The bleak forecast by a group of 35 businessmen, governmentReuter - 73 words
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Article64 1977-05-17 1 UPI GENEVA, Mon. Major copper producers and consumers met today for the fifth time in eight months in search of a break-through on the shape or even the need for a new international copper agreement to stabilise the world market and prices. The week-long meeting follows a preparatoryUPI - 64 words
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Article77 1977-05-17 1 AP SEOUL, Mon. The United States and South Korea, after three rounds of hard bargaining, reached an agreement today limiting Korea s non-rubber shoe exports to the US to 38.45 million pairs a year, or a total of 153.8 million for the next four years. Mr. KimAP - 77 words
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Article61 1977-05-17 1 Reuter MANILA, Mon. The Philippines may float a private US$lO billion yen (5588.7 million) bond placement in Japan at the end of May, informed sources said today. Mr. Shoji Takahashl, finance attache of the Japanese Embassy here, said the Japanese government today informed the Philippines of itsReuter - 61 words
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Article50 1977-05-17 1 Reuter PARIS, Mon. The World Bank and its affiliate, the International Development Association, today announced loans totalling US$l2O million (***** million) to help finance development projects in Africa, Latin America and Asia. Canada and IDA are providing US$l4 million for a water development project in Sri Lanka.Reuter - 50 words
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Article53 1977-05-17 1 Reuter JAKARTA, Mon. Indonesia will send a trade mission to the Philippines In July to discuss trade promotion, Antara news agency reported today. The 20-man mission, comprising government officials and local businessmen from South Sulawesi (Celebes) will stay one week in the southern Philippines for talks withReuter - 53 words
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Article93 1977-05-17 1 UPI NEW YORK, Mon. Selected blue chip buying helped push stocks higher early today in active trading of New York Stock Exchange Issues. The Dow Jones Industrial average, a 2.80-polnt winner on Friday, was ahead 3.48 points to 931.82 shortly before the first hour of trading. The averageUPI - 93 words
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Chief Price Changes
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Article, Illustration169 1977-05-17 1 GENERALLY, most shares closed steady in fairly active but somewhat irregular trading at the Stock Exchange of Singapore yesterday. Lower-priced shares continued to make most of the gains and lifted the Business Times index by 7.78 points to 270.57. The Straits Times Industrial index, however, slipped 0.22169 words
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Article115 1977-05-17 1 Rites Most active M Banking P Carbide Pacific Dev. Cen. Se<\ Unlllte High and Low Tons Meng Shell. F Cables Loytape Consol. Pit. K.L. Ind. Sim Llm Wearnes OCBC Bandar Raya Kuchal 4.04 .26 0.87% .23% 1.71 +.23 0.99% +.11% 0.52 +.09 1.53 +.08 0.50 +.07% 1.95115 words
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1042 1977-05-17 1 ASEAN TIES WITH NZ, JAPAN, AUSTRALIA SINGAPORE believes it may take at least 10 years for any meaningful economic relationship to be developed between Asean and Japan, Australia and New Zealand. This time span was given by the Prime Minister, Mr Lee Kuan1,042 words
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Article163 1977-05-17 1 PILING work has commenced on a $28 million condominium housing project being developed on a 48,562 square metre site at the end of Hillcrest Road. The project Is being developed by the Sanken Hillcrest Pte Ltd, a reputable Japanese company, which according to the Urban Redevelopment163 words
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Article121 1977-05-17 1 AP LONDON, Mon. A new world record rent of £172 (5)728) a square metre Is being asked for commercial office space. The space will be located In a building In the city of London financial district, already considered the most expensive real estate In the world. RealAP - 121 words
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364 1977-05-17 1 KUALA LUMPUR, Mon. An eight-member Japanese delegation of leading Industrialists and financiers arrived In Kuala Lumpur yesterday with investment proposals Involving MfTOO million. The mission, sponsored by the Tokyo-based Southeast Asian Promotion Centre for Trade Investment and Tourism, will be here for'four days.364 words
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363 1977-05-17 1 OILMEN In Singapore are concerned about a drop In crude oil supplies from Abqalq, Saudi Arabia, following a big oil fire which crippled the main pipelines carrying the bulk of the country T s crude oil to the Persian Qulf. They fear363 words
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Article134 1977-05-17 1 KUALA LUMPUR, Mon. Deputy Finance Minister, Senator Rafkl&h Aziz today signed a Ms24B million loan agreement with Morgan Guaranty Trust Company of New York for financing development projects under the Third Malaysia Plan. This is the second loan raised for the Plan from International134 words
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271 1977-05-17 1 Reuter MANILA, Mon. Manufacturers Hanover Corp exKcts to have its offshore nklng operation working In Manila by Aug 1, its representative, Mr. Richard Copeland said here today. Speaking to newsmen, he said there obviously would be competition for business among the 15 offshoreReuter - 271 words
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328 1977-05-17 1 THE Prime Minister, Mr. Lee Kuan Yew, has defined to an Australian audience what in his view could be considered a democratic society. It is one where "there's access to information about what's going on in the world and you can328 words
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536 1977-05-17 1 SINGAPORE shippers and forwarding agents are generally unsure of the extent they will be affected by Johore's latest ruling to divert exports of Its products to East Malaysia through Its Paslr Oudang port. In a circular signed by south Johore's director of536 words
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Article117 1977-05-17 1 SOVIET ships operating from Singapore to ports In tile region and Europe are undercutting local and Western lines by offering big reduction In rates, according to several shipping sources yesterday. This competition from the Soviet vessels are being hailed as "a blessing in disguise" by local shippers,117 words
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Page 1 Advertisements
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Advertisement61 1977-05-17 1 ©Wryfoong MAF A lending hand when W'ayfoong Mortgage you need and Finance (Singapore) Limited It lllOSt Shaw Hou*. Ground Floor. 354 Orchard Road. Singapore 9. TH *****7. Overseas News/TV ft Overseas Stocks Radio -P2 Commodities Overseas New*/ Transport ft CornFeature -P3 muafcatioas Local Co News -P4 Features International Co News61 words
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Advertisement59 1977-05-17 1 You can buy almost anything now and arrange payments to suit your personal budget. For further details, write to our Accounts Department for a brochure. I {()l >1 \S< S SPECIALISTS' SHOPPING CENTRE Orchard Road Singapore 9 Tel: *****7 MomTms Wads ft Fri 9.45 am to 6.30pm Thurs ft Sats59 words
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Advertisement415 1977-05-17 1 11-BIX COMPLETE COPYMG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE Tel *****? (5 Lines) APS ELECTRONICS (M) SDN BHD KUALA LUMPUR Tel ?1747/8369****** ill limp iiiiiii liiiiii 1 JiiiiL II 1 11 1 Mater erf" the\\forids first calculator watch. This fantastic Pulsar heralds a whole new generation of Time Computers it415 words
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OVERSEAS
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346 1977-05-17 2 UPI MANILA, Mon. The economy of the United States will continue as a source ol strength for world economic recovery for the next IVi years, the chairman of the board of the New York-based Manufacturers Hanover Trust Co. said today. Oabrlel Hauge,UPI - 346 words
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Article50 1977-05-17 2 Reuter HONGKONG, Mon. Prayers were answered today as rain fell on this British colony, threatened with water rationing after a long dry spell. Scores of Buddhist monks gathered at a local chapel here yesterday and had been praying regularly for rain oner the past three weeks. ReuterReuter - 50 words
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1271 1977-05-17 2 NYT WASHINGTON, Mon. For the first time In five years, the world is entering its primary growing season without fear of crop failures. That Is the judgment of food officials and agricultural experts only three years after famine In many countries led toNYT - 1,271 words
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262 1977-05-17 2 NEW YORK, Mon. Opponents of the controversial supersonic Concorde airliner yesterday Jammed traffic round New York's Kennedy Airport, where a judge has given the goahead for the plane to land. The cars, about 150 of them, drove at a snail's pace around the airport,262 words
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526 1977-05-17 2 AP NEW YORK, Mon. The two giants of the art sales world, Sotheby Parke Bernet and Christie's, have squared off In a no-holds-barred fight for global dominance In the half-blUlon-dollar-a-year business. Both firms are British, each over 200 years old, but they haveAP - 526 words
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Article203 1977-05-17 2 UPI HELSINKI, Mon. With Premier Kalevl Sorsa calling it a "Government of Recovery" and the participating communists pledging full cooperation, Finland's 60th government In 69 years begins Its task of reducing unemployment and Increasing exports. Mr. Sorsa, the 47-year-old chairman of the Social Democratic Party, namedUPI - 203 words
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284 1977-05-17 2 Reuter LISBON, Men. US VicePresident Walter Mandate today undertnhoe the first official engagements of his European tour, meeting Portugese leaders to discuss financial aid for Portugal's sorelypreeeed economy. The Vice-President, on the first lag of a 10-day fivenation European tour, has meeting*Reuter - 284 words
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198 1977-05-17 2 UPI SYDNEY, Mon. Flood waters caused by three days of heavy rain In farmlands about 485 km north of here were threatening the year's cotton crop worth US$25 million (5561.5 million) and has cut off roads and railways, Isolating two towns, officials said today. RainfallsUPI - 198 words
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Article514 1977-05-17 2 AP WASHINGTON. Mon. If trade relations between the United States and Cuba can be restored after an 18-year gap, it probably will mean a major new breakthrough for American farmers who increasingly look overseas for crop and livestock markets, a US Agriculture Department analystAP - 514 words
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654 1977-05-17 2 FT BRUSSELS: The current EEC antl-dumping Investigation into Japanese ball bearing Imports Is seen by Brussels officials as a test case of their ability to take over the anti-dumping "brief" from the UK Department of Trade at the end of June. Under theFT - 654 words
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490 1977-05-17 2 NYT NEW YORK, Mon. In spite of a declaration at the economic summit meeting last weekend In London that unemployment is the most serious economic problem confronting the leading industrialised economies, the policies of many European companies, including some with government ties, are reducing theNYT - 490 words
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151 1977-05-17 2 AP LONDON, Mon. One hundred Scottish fishermen and 30 English pig farmers were travelling to Brussels today to lobby the European Economic Community (EEC). The fishermen, headed by a kilted piper and representing the crews of 1,000 vessels, want the ban on herring fishingAP - 151 words
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Article64 1977-05-17 2 AP WASHINGTON, Mon. President Carter is willing to grant total independence to the Pacific Islands that make up Micronesia, giving up the United States' 30-year-old trusteeship, reports say. Although the US was considering only partial Independence for Micronesia, It now is prepared for the first time to relinquishAP - 64 words
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Article, Illustration791 1977-05-17 3 LONDON, Monday NYT THE rich industrial countries of the world, having successfully concluded their London conference, will have cause for relief when they move back to Paris at the end of the month to sit down with poorer nations for theNYT - 791 words
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408 1977-05-17 3 UPI BEIRUT, Mon. Despite reported agreement in the Organisation of Petroleum Exporting Countries to abandon a planned new price Increase In July, the Arab oil states do not appear much closer to ending their five-month-old price war. The West Asian economic survey,UPI - 408 words
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Article449 1977-05-17 3 NYT WASHINGTON, Mon. The Environmental Protection Agency (EPA) proposed new rules on Friday that would require car manufacturers to pay for fixing cars that are not meeting federal air pollution standards while they are In use. Now cars must meet the required exhaust levelsNYT - 449 words
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Article159 1977-05-17 3 Reuter HONGKONG. Mob. China signed I large ■umber at contract* with foreign businessmen nt the 1t77 spring export commodities fair which closed yesterday in Canton, the official New China News Agency reported. Without giving' figures, the agency, monitored here, said the amount involved in theReuter - 159 words
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410 1977-05-17 3 ZURICH, Mon. Reuter SWISS National Bank president Fritz Leutwller said the growth of Switzerland as a financial centre must be slowed to healthy proportions but Its current size does not have to be reduced as a result of Credit SuisseReuter - 410 words
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Article86 1977-05-17 3 Reuter ZURICH, Mon. Major Swiss banks will raise the Interest paid on medium term notes by 0.25 percentage points across the board from May 23, banking sources said. The new rates for three to four year notes will be 3.S rir cent, for fiveReuter - 86 words
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Page 2 Advertisements
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Advertisement183 1977-05-17 2 Improve office and factory efficiency with l i iHKanjsr water coolers No longer a luxury but a 'must'. Phone *****2 SINGAPORE 60 ORCHARD ROAD PTE LTD A ManAc <y Th« retcjpt Gr OX> vmm WJI 1 a BRIGHTER FUTURE in ACCOUNTANCY with FOULKS LYNCH Founded over a century ago, Foulks183 words
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Page 2 Miscellaneous
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Miscellaneous24 1977-05-17 2 U6U Done ,<»* 6R»SDu> tou've sold nx*. tookjs {5? K. w?mrs CWR^T^S AMD ORHC£ T(fW OF US PUT TO6EM6R /'Ai a fcfc (006.T UTTt£ JOME..24 words
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Miscellaneous274 1977-05-17 2 I! THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on May 16 at Singapore airport. Maximum Temperature 31.4° C Associated Humidity 59 Minimum Temperature 23.6° C Associated Humidity 96 Hours of Sunshine 7.30 Rainfall in Millimetres 1.4 Total Rainhll for the Month 90.7 Total Rainy Days for274 words
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Page 3 Advertisements
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Advertisement769 1977-05-17 3 All these securities having been sold, this announcement appears as a matter of record only. Bank of Tokyo (Curasao) Holding N. V. (formerly Curasao Tokyo Holding N. V.) U.S. $50,000,000 7§ per cent. Guaranteed Notes due 1984 Payment of the principal of, premium (if any) and interest on. the Notes769 words
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COMPANY NEWS
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365 1977-05-17 4 A SUBSTANTIAL rise in smelting profits coupled with increased slag sales and interest incomes were the main factors behind Datuk Keramat Holdings' hefty rise in profit last year. For the year ended Jan 31, 1976, group pre-tax profit rose about 35 per cent to365 words
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Article651 1977-05-17 4 Current payment Ex Date Data payable Total far the year Total far previous year Dun lop Estates King's Hotel Malayan Cables S. Steamship Essoord EssoPref. Perlis Plant Kuchai Sel. Properties National Iron Dunlop Ind. K. KeUas Tin Ajinomoto Intraco BaU (M) E.N.E. Tractors Malaysia Raleigh Cycle U.E.Ord. U.E.Pref.651 words
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283 1977-05-17 4 SAN Holding has appointed three directors to three subsldlary companies In Singapore which it originally sold to associates of the Mosbert Group. The company says in a letter to the Kuala Lumpur Stock Exchange that it was able to appoint the directors Tunku283 words
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Article115 1977-05-17 4 KULIM (Malaysia) shares have been delisted from the London Stock Exchange from May 6 at the company's request. "In view of the fact that approximately 76 per cent of the company's shares are held by residents of Malaysia and Singapore and the majority of dealings In the115 words
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695 1977-05-17 4 DESPITE a sharp increase In deposit! and a fairly high rate of growth In loans and advances, profits of Bank Bumiputra Increased marginally during 1976. According to the bank's annual report for 1976, deposits increased substantially by 87 per cent to reach Mi695 words
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403 1977-05-17 4 ONE of the men behind the phenomenal growth of Oentlng Highlands Hotel, Mr Tan Koon Swan, has resigned as general manager to take up a key appointment at the newlyformed Multl-Purpose Holdings and its sister organisation Multl-Pur-pose Cooperative Society. Mr Tan will be executive403 words
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Latest results
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Article59 1977-05-17 4 Oroup pre-tax profit M 53.79 million ($3.23 million) for the year ended March 31, 1977. Tax $1.79 million ($1.41 million), minority interest $231,512 ($253,692) leaving net attributable profit at $1.76 million ($1.57 million). Company pre-tax profit $1.01 million ($1.07 million). Net profit $616,563 ($681,901). First and final59 words
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168 1977-05-17 4 LOSSES continued to mount at Leong Huat Industries. And for the year ended Dec 31,1976 the group reported a loss of $862,076. Although this Is an Improvement on the loss of $1.18 million incurred In 1975, It Is apparent that the company will168 words
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429 1977-05-17 4 LITTLE has been heard of Harrisons and Crosfleld subsidiary, Sabah Timber Company since It voluntarily withdrew its listing on the KLSE last year. However, the company has now come back onto the scene with news of a hefty jump in group pre-tax profits429 words
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Article139 1977-05-17 4 MR. Robert Choy, chief manager, Cycle and Carriage Co (Industries) Pte Ltd, has completed the Dlamler-Benz A.G. "International standard training course" at Stuttgart. Meanwhile, Mr. Low Fook Cheng, central service manager. Cycle and Carriage Co (Industries) Pte Ltd, has left for Germany to do advanced technical training139 words
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COMPANY MEETINGS
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Article21 1977-05-17 4 THE following company meetings are due: May 19, 12 noon, 27th Floor. Ocean Building, Collyer Quay, Singapore.21 words
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Article21 1977-05-17 4 May 21, 10 a.m., Registered Office, Foh Chong Building, Room 2, 6th Floor, Jalan Ibrahim, Johore Bahru.21 words
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Article14 1977-05-17 4 May 21, 11 a.m.. at Rasa Sayang Hotel, Batu Ferlnggi, Penang.14 words
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Article24 1977-05-17 4 May 25, 10.30 a.m., Registered Office, at Messrs Tan Toh Hua Partners, Penthouse Wlsma Mlrama, Jalan Wlsma Putra, Kuala Lumpur.24 words
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15 1977-05-17 4 National Iron Steel Mills Ltd.: May 26,2.30 p.m., DBS Building, 6 Shenton Way, Singapore 1.15 words
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19 1977-05-17 4 May 27, 10.30 >./) Mn a.m., Registered Office, No. 31, Shipyard Road, Jurong Town. Singapore 22.19 words
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Article889 1977-05-17 4 ROBERT D. HERSHEY JR - SEC VACANCY By ROBERT D. HERSHEY JR NYT WHEN A.A. Sommer Jr. left his seat on the Securities and Exchange Commission last spring with a sharp blast at the agency, there was no reason to think It would be hard to find a successor. But now,NYT - 889 words
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530 1977-05-17 4 R. PHALON - By R.PHALON NYT THOUGH stocks generally have been moving in no particular direction at no great velocity so far this year, flickers of speculative lightning are beginning to show In the over-tne-counter market. There was one such flash last Monday when three technology-oriented issuesNYT - 530 words
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Article93 1977-05-17 4 Reuter ROME, Mon. Montedison SPA is negotiating the sale of its majority stake in Banco Larlano to stateowned Istltuto Bancarlo San Paolo D 1 Torino for around 120 billion lire, industry sources said. A company spokesman said he could not comment on the report, beyond confirming the companyReuter - 93 words
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Article76 1977-05-17 4 Reuter CUPERTINO, CALIF, Mon. Lltronix has received an acquisition offer from Siemens of West Germany, but did not disclose terms or conditions. Litronlx said it will review the offer with its directors, banks, and creditors committee. Even though the company has not started bankruptcy proceedings,Reuter - 76 words
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Article85 1977-05-17 4 Reuter HONGKONG, Mon. Mohan's Property and Investment suffered a massive consolidated locs of HK523.4 million in 1976 compared with a net profM of $944,000 in 1975. The company said the 1976 loss included an extraordinary loss of $21.8 million while the profit for 1975 wasReuter - 85 words
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Page 4 Advertisements
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Advertisement197 1977-05-17 4 Give us a man for a monthwe'll give him a language for life inßngua 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 high degree of proficiency197 words
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Article346 1977-05-17 5 NORTH AMERICAN COMPANIES Reuter NEW YORK CITY hopes to phase out the effect of the stock transfer tax, beginning July 1, 1978, by refunding or crediting tax paid by brokerage houses, city officials told a press conference. The refund or credit would be made afterReuter - 346 words
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Article129 1977-05-17 5 Reuter NET earnings at Loews, rose to U5536.37 million or $2.80 a share In the first quarter this year from earnings of $22.24 million or $1.72 a share previously. Revenue amounted to $770.9 million compared with $679.9 million. The company said operating net earnings in the first quarterReuter - 129 words
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Article157 1977-05-17 5 Reuter CONTINENTAL OIL earnings may not continue in 1977 the upward trend of the past few years, chairman Mr. Howard W. Blauvelt told analysts. While petroleum earnings are expected to Improve and chemical earnings should be about flat, coal earnings are expected to decline due to unsettledReuter - 157 words
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Article56 1977-05-17 5 Reuter WESTERN ELECTRIC, a wholly-owned subsidiary of American Telephone and Telegraph, made net earnings of U*****.2 million on sales of $1.87 billion In the first quarter of 1977. In the previous quarter, net earnings amounted to $32.29 million restated from $18.6 million for a change In accounting practiceReuter - 56 words
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Article54 1977-05-17 5 Reuter PETROFINA CANADA reported net earnings In the first quarter this year Jumped to CsB.s million or 85 cents a share from $3.8 million or 38 cents. No revenue figures were given. The company said the 1976 figures were adjusted for an over-statement of the provision for incomeReuter - 54 words
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Article139 1977-05-17 5 Reuter ORUMMAN said net earnings increased 24 per cent to U557.93 million or $1 a share on sales of $362.3 million in the first quarter of 1977.. Net earnings for the 1976 first quarter were $6.39 million or 84 cents a share with sales at $360.3Reuter - 139 words
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Article109 1977-05-17 5 Reuter SINOER obtained approval for US$BO million of a previously announced proposed placement of $100 million In fixed rate longterm notes with several Insurance companies, chairman Joseph B. Flavin said. The remaining $20 million of the loan is expected to be approved next week, Mr. FlavinReuter - 109 words
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570 1977-05-17 5 UK COMPANIES FT LONDON, Mon. The struggle by 81r Eric Miller to stay on the board of Peachey Property Corporation ended over the weekend at a rowdy shareholders' meeting In London. Narrowly defeated on a show of hands, he was then overwhelmingly rejected inFT - 570 words
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Article163 1977-05-17 5 LONDON, Mon. Se-cond-half 1976 pre-tax profit of weighing, testing and measuring machine manufacturers Averys Improved by £3.04 million to £9.21 million. At halfway, reporting an increase In profit from £3.67 million to £5.46 million the directors said that the second half should show some Improvement over the corresponding163 words
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Article236 1977-05-17 5 LONDON, Mon. After a rise from £5.51 million to £7.6 million at halftlme, pre-tax profit of Richard Costain Improved by 54 per cent to a record £23.31 million during 1976 on turnover 38 per cent ahead at C 358 million. In September last year the directors forecast236 words
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Article720 1977-05-17 5 ROBERT TRUMBULL - ONTARIO'S PROUD ACHIEVEMENT By ROBERT TRUMBULL NYT EXECUTIVES of Ontario Hydro, the governmentowned corporation that supplies electricity to Canada's most .populous province, believe they have achieved a breakthrough in energy conservation with the radical design of their new headquarters, a crescent-shaped, partly glass-enclosed office tower inNYT - 720 words
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1325 1977-05-17 5 RITA REIF - By RITA REIF NYT WHEN the British colonised America, revolutionary things happened. Now the British are at It again, this time in the art world, and a mlnl-revolutlon Is expected to ensue with New York nosing out London as the pre-eminentNYT - 1,325 words
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742 1977-05-17 5 A.H. HERMANN - EUROPEAN COMPANIES By A.H. HERMANN FT RELUCTANTLY, the OECD Committee on International Investment and Multinational Enterprises (IIME) Is becoming a forum If not for settlement then at least for the airing of disputes between multinational firms and trade unions. This is a ratherFT - 742 words
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117 1977-05-17 5 Reuter FRANKFURT, Mon. Shareholders In German companies will probably receive 25 to 33 per cent higher effective dividend payments in 1977 compared with last year as a result of the tax credit In the German corporation tax reform, Deutsche Bank AG managing" boardReuter - 117 words
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Article710 1977-05-17 5 ASIAN COMPANIES FT TOKYO, Mon. Nigeria Is emerging as an Important market for Japanese plant exports despite the fact that up to now Its exports to Ja?an have been minimal. his development could signify a new Japanese thrust Into developing markets. The first of what looksFT - 710 words
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Article110 1977-05-17 5 Reuter TOKYO. Mon. Kansai Electric Power chairman Yoshishige Ashlhara said his company might consider a plan to build a Canadian developed heavy-water-type Candu reactor. Mr. Ashlhara said his company has sent experts to Canada for a feasibility study and he had talks with the Canadian ambassador, Mr.Reuter - 110 words
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Article54 1977-05-17 5 Reuter TOKYO, Mon. ItoYokado reported after-tax profit advanced 33.8 per oent to 5.15 billion yen on sales of 316.45 billion yen for the year ended Feb 28,1977. After-tax profit for the previous year totalled 3.85 billion yen with sales at 253.82 bflllon yen. The company is maintaining the dividendReuter - 54 words
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186 1977-05-17 5 TOKYO. Mon. Japan's largest electronic calculator manufacturer, Casio Computer, has reported a 44.6 per cent (all in its recurring Kflt to Y2.429 billion for fiscal year to March 31. The company's net profit also dropped, by 27.1 per cent to t 1.503 billion. The186 words
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Page 5 Advertisements
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Advertisement49 1977-05-17 5 >-> -t vrm The French Restaurant that truly flatters your taste for the finest In food, service and quiet entertainment. Dine hv candlelight on exquisite French fare. \n<J dance to soft music by The Bchedere Trio iime to The Hchodere Singapore's French restaurant par excellence. 3 •X ////////ft///' 111 ff/'tf'y#'.49 words
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Article2100 1977-05-17 6 1177 HiCk Low Co^ujf La* Sale +orGr'i drv Div c'w Gr*« C No* P/E Vol Day ('09t) Hick Low 8ECTION ONE INDUSTRIALS 146 133 204 76 212 101 198* 163 219 392 136 127 204 58 212 57 155 152 182 350 Acma Acma A Alcorn Allied2,100 words
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Article1157 1977-05-17 6 BID and offer prices officially Uated and business tn and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets tn lots of 1000 units unless otherwise specified. All Tine Settlement Contracts are quoted after the word "Sett Big Board1,157 words
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Article1287 1977-05-17 6 810 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. INDUSTRIAL* Alcam <1 888). A. COM (0.70B) A.M O. (0 538). A.R.I.1,287 words
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Article54 1977-05-17 6 STRIKING price* <«f the %tock option* officially liated on the Stock Exchange of Singapore, the period*, bid and offer price* and bu*inea* dona yesterday, with the number of option* traded shown in bracket*. D B 8 (June 83.90) (0.02B) lachcape (June 82.40) (0.075) OUB (June 83.50) (0.098) UOB54 words
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Article138 1977-05-17 6 SINGAPORE UNIT TRUST iMutftn' priest lor May IT) INCOME BOND UNIT (CorrMt pricM) INCOME BOND ...1.05 I.U MARA BUMIPUTRA FUND (Mimis i' fries, he May IT) First Bumlputra 1.90 1.96xd Second Bumlputrm .1.70 175 Third Bumlputra .l.M 1 59 Fourth Bumlputra ...l.M 1.61 Fifth Bumlputra i ll 1.16138 words
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Article176 1977-05-17 6 B O T 7 5/8% IM4 (100.000) (98*B 98H8) B O T 8 1/2% IMI (100,000) (102 KB 102*8) D B S 8 1/2% 1982 (100.000) (100 KB 100*8) DBS Convert* C 1/2% IMI (100,000) (97*8 98K8) E I B 1982 (100,000) (102 KB 103*8) E I B176 words
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Article94 1977-05-17 6 5 1/2% 1/4/78 (2^),000) (101.488 101.558X4)101.48 S 1/2% 15/4/78 (250,000) (1G1.358) S 1/4% li/7/78 (250,000) (101.458 101.558) 43/4% (250.000)(100.73B I 100.808) 7% 1/7/79 250,000) (104.658) S 1/4% 15/19/79 (250,000) (101.70B) 3/4% 15/5/89 (250,000) (103.30B) 5 3/4% 1/12/80 (250,000) < (103.30B) 5% T F 15/4/81 (250,000) I (101.40894 words
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Page 6 Advertisements
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Advertisement230 1977-05-17 6 > ■> 10. m c -v." -v. jv. 3»-> i l -7 f l v 1 v&r L*.tS£tf« ?#f? >W* PM: s&LiJ Ate* Josey has long been an observer, recorder and commentator of the Singapore scene. fn this new book, he examinesand explains the succeas of Singapore's tripartite alliance of230 words
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Article, Illustration665 1977-05-17 7 GENERALLY, the Singapore stock market eltnd steady yMtonlay in fairly active bat MOMwhat irngakr trading. Aa opening rally in mom of the volatile iMuee proved abort-lived for waat of followthrough baying. A few foataree were tingled out for window-dreeeing, bat all to very little avail at665 words
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Article432 1977-05-17 7 THE speculative appetite for second and third liners built up to a feverish pitch at the Kuala Lumpur stock market yesterday. These stocks made a clean sweep of the market especially on the Industrial board and accounted for the bulk of the day's business. First432 words
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825 1977-05-17 7 GENE SMITH - By GENE SMITH NYT A PROPOSED ban on spray-can gases dangerous to the earth's ozone was greeted with relative equanimity by major suppliers and users, despite government estimates that the phase-out would cost Industry several hundred million dollars. Three agencies of the government theNYT - 825 words
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INTERNATIONAL STOCK MARKETS
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Article344 1977-05-17 7 HONOKONO: The market closed easier In quiet trading, dealers said on Monday. The Hang Seng index was down 2.44 to close at 448.85. Swire Pacific fell 10 cents to $9.25, Hoagkoac Bank 20 cents to $17.80, Jardine Matheaon 10 cents to $16.70, Heagkeaf Lami five cents to $7.40, Hotckiaon344 words
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Article504 1977-05-17 7 TOKYO: Share prices sagged In quiet trading on lack of fresh stimuli, dealers said on Monday. The Dow Jones average declined 10.72 to 5,044.51 with volume 170 million shares. The new index was 378.55. down 0.59. Selective demand continuing from last week Initially maintained prices, but sporadic late profit504 words
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Article329 1977-05-17 7 SYDNEY: The market closed generally lower in quiet trading, with profit taking paring recent gains, dealers said on Monday. The Sydney All Ordinaries index rose 0.20 to clow at 461.45. Among miners CRA lost seven cents to $3.40. BH South five cents to $1.35. MIM two cents to $2.56329 words
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Article175 1977-05-17 7 MANILA: The market was slightly higher across the board on Monday, with turnover rising to 2.17 million pesos from Friday's 1.58 million, dealers said. The mining sector was generally steady on the increase in metal prices abroad. Atlas Cob B. Pkikx A, PLOT, Phil Overseas, 8u Miguel A and175 words
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Article92 1977-05-17 7 MAY l« Bants Asia Fibre 1M Bangkok Bank 290 -1 Bangkok In rest in -1 Bangkok Metropolitan Bank Bau 441 Berll Jucker 2928 Charoong Thai Wire 196 -1 Dumex DusltThanl ISO Paber Merlin First Trust Indo-Thai industrial Finance Corp UK unch J And J Ho 2198 Jalaprathan Cement 11992 words
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581 1977-05-17 7 NYT NEW YORK. Mon. The Federal Reserve hu been encouraging higher shortterm lending rates, and major banks last Friday raised their prime rates, and yet the credit markets are surprisingly optimistic about the outlook for the Immediate months ahead. The credit markets ralliedNYT - 581 words
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1645 1977-05-17 7 ANN CRITTENDEN - By ANN CRITTENDEN NYT FOR almost four years fewer than 50 persons within the organisation were In on the project codenamed RL. Documents referring to RL were stamped "secret" or "eyes only," and were distributed on a need-to-know basis. PapersNYT - 1,645 words
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Page 7 Advertisements
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Advertisement176 1977-05-17 7 Confront Singapore's decision maters in Business Tunes Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who For only $3.50 per single column centimetre176 words
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COMMODITY REPORTS AND PRICES
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Article711 1977-05-17 8 OPENING quotations in the Singapore rubber market yesterday were marked up fractionally following higher overseas advices but thereafter prices fell back on lack of buying Interest, upcountry selling and stale bull liquidation, dealers said. June touched a low of 195.00 cents before some short-covering raised711 words
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Article29 1977-05-17 8 Rubber: May 16 Singapore: June 196.25 cU (down 1.75 etc.) Malaysia: June 196.25 eta (down 1.75 eta) Tin: $1,460 (unchanged) Official offering: 257 tonnes (up 12 tonnes)29 words
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Article120 1977-05-17 8 THE Straits tin price in Penang yesterday were unchanged at $1,460 on an official offering up 12 tonnes to 257 tonnes. In LONDON yesterdav, tin softened by around £32 per tonne and £37 for Three Months in the standard contract. High grade was £32 and £30 down respectively.120 words
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Article66 1977-05-17 8 LONDON, Mon. Silver finished the morning with losses of 1.5 to 2.5 pence per troy ounce with Three Months trading finally at 283.2 pence. Values were marked down initially following the declines at New York on Friday. Lower gold coupled with the absence of much trading Interest combined to66 words
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Article64 1977-05-17 8 LONDON. Mon. Zinc declined in the morning by £15.75 per tonne for cash and £15.00 for Three Months. Values fell back from a pre-market high of £383 per tonne for Three Months under long liquidation and chart selling which touched off stoploss operations and produced ring business down to64 words
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Article101 1977-05-17 8 Ju ■e July R.A.S. (Current Mlk) (Forward Mth) Buy era Seller* Buyer* Seller* (cents per kg) (€»i it* per kg) SSR20 (1 ton Pallet) 193 00 194.00N 194.50 195.SON SSR50 (1 ton Pallet) 190.50 191 SON 192 00 193 00N M.R.E.L.B. SMR5CV (1-ton Pallet) 218.00 220 00N101 words
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Article103 1977-05-17 8 HONGKONG, Mon. Cotton futures closed lower following Friday's decline In New York, after opening easy and steadying towards the close, dealers said. Nearby October was most actively traded, going limit down around mid-session and closing 2.15 cents, below Friday at 73.70 cents, on lack of buyers and commission103 words
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Article91 1977-05-17 8 LONDON, Mon. Lead softened in the morning by mostly £0.75 per tonne. The steady pre-market trend reflected the movement in copper with shortcovering and fresh buying taking Three Months up to £396 per tonne at one stage. The higher levels brought out liquidation following the fall in zinc. Down91 words
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Article128 1977-05-17 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk (100 sellers, old drum $105 sellers, new drum SI 10 sellers. Copra: Mixed (loose) UK/Cont 983 buyers. Pepper Muntok AST A white fob. 100% NLW (387Vt sellers. Sarawak white f o b. 98% NLW *367*128 words
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Article151 1977-05-17 8 IN the Singapore gold market yesterday the kllobar was quoted in the range of 8111,795 to $11,810. The loco London gold stayed at U*****.80/148.20 with most operators staying on the sidelines. The London morning fix was U*****.60, down 55 cents on the previous fix. Source: Singmas Retail prices per151 words
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Article115 1977-05-17 8 LONDON, Mon. Copper wire bars eased by £1.50 per tonne for cash and £1.00 for Three Months. Values were steady In the pre-market reflecting the New York close and the decline in warehouse stocks of 3,675 tonnes which reduced the total to 613,325 tonnes. The trend was not maintained,115 words
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Article100 1977-05-17 8 LONDON, MOn. Sugar futures were £3.40 (near August £132.40) to £1.85 down from Friday's close at the first call with prices modestly below kerb levels. Dealers said the market was New York Influenced and featured light liquidation in a basically thin market. The London daily raw price was £3100 words
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Article148 1977-05-17 8 LONDON, Mon. Futures ended the opening call with losses against last Friday of £55 to £10 per tonne. Volume was 283 lots and the market tone hesitant. July closed £14 down after ealnlng £20 at £3,175. The low was £3,125. Dealers said overall trading was quiet with early selling148 words
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Article223 1977-05-17 8 BANGKOK, Mon. Indicative prices for rice quoted In Bangkok are: (US dollars per tonne fob basts Bangkok) White Rice: 100 per cent Ist class 288 100 per cent 2nd class 274 100 per cent 3rd class 270 5 per cent 259 10 per cent 237 15 per cent 234223 words
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769 1977-05-17 8 Reuter WASHINGTON, Mon. Australia's sugar production In 1976/77 Is estimated at 3.4 million tonnes by the United States Department of Agriculture (USDA), well above the record three million of 1975/76. Australian sugar exports for 1976 are estimated at 2.6 million tonnes compared with two millionReuter - 769 words
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450 1977-05-17 8 Reuter WASHINGTON, Mon. The US Agriculture Department (USDA) raised Its estimates of US soybean exports by five million bushels to 550 million for the 1976/77 marketing year. In its latest supply and demand estimates, it said weekly export sales to date disclose soybean salesReuter - 450 words
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MONEY AND EXCHANGES
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Article563 1977-05-17 8 THE US dollar was traded at a relatively steady level In the Singapore foreign exchange market yesterday despite a rise of about 1 of a point In the US prime rates to 6Vi per cent. In a generally thin trading condition, the US dollar opened at 277.35/ 45 against563 words
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Article172 1977-05-17 8 Asian rates ASIAN currency depodt Interbank a 1 at cloee on May 16 US Doll an (Spat) IdAjrs 5 7/16 S 5/16 1 mth S 9/16 5 7/16 2 mthj 5 11/16 5 9/16 3 mthJ 5 11/16 6 mth* 6 1/4 6 1/S 9 mlhj 6 5/16 12 mthi172 words
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Article52 1977-05-17 8 RANOE of prtc« m offered by discount houies on May 16 Overnight 3S Call deposit 2 to 3H CMac Bm, 3-Month s 7/a Treasury bills a 3-Month Banks bills 4 1/16 3 15/16 3- Month CD 4 1/4 4 l/» •-Month CD 4 1/2 4 S/16 Source: National Discount52 words
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Article101 1977-05-17 8 Euro rates LONDON, Mon. Period rates eased between 1/16 and 1/8 point on lack of Interest, dealers said. One Month was 5/16 off because of the loss of the Friday end of period technicality. Short dates were little changed in routine trading. London Eurodeposlt opening quotes on May 16: US101 words
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Article227 1977-05-17 8 LONDON, Mon. Sterling opened with a firm undertone In Its spot and forward delivery positions, trading at $1.7192/94 against 1.7188/90 on Friday. Further assessment of the sharp Improvement in British overseas trade In April, Including the current account surplus, assisted the currency, dealers said. This offset Friday's news of227 words
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Article151 1977-05-17 8 TOKYO, Mon. The US dollar for overnight delivery dipped In light trading to close at 277.75 yen after opening at 277.70 and compared with 277.45 at Friday's close, dealers said. The dollar firmed initially on import settlement demand but, as the morning progressed, the trend was reversed as demand151 words
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Article83 1977-05-17 8 HONGKONG, Mon. The US dollar firmed slightly to HK54.6695/ 6715 from Friday's 4.6675/90 but eased to 2.3620/30 marks from 2.3641 at Friday's New York close, dealers said. Trading was quiet in all currencies, and the yen eased to 277.45/55 from 277.00 in New York. HONGKONG banknotes quoted on May83 words
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Article48 1977-05-17 8 Australla/NZ exchanges quoted on May 16 Australia: Sterling 0.6453/0.6383 US dollar 1.1055/1.1007 Ninety-day air mall buying rates: Sterling 0.6634 US dollars 1.1305 Ninety-day forward buying rates: Sterling 0.6424 US dollars 1.0937 New Zealand: Sterling 0.5595/0.5564 US dollar 0.9664/0.9564 Ninety-day forward rate: Sterling 0.5770 US dollar 0.985148 words
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Article33 1977-05-17 8 FRANKFURT exchanges opening quotes on May 16 US 2.3630/40 2.3597/3607) Can 2.2500/20 UK 4.060/070 Neth 95.83/93 Swltz 93.45/55 Italy 2.665/675 France 47.64/74 Norw 44.76/84 Belg com 6.53/54 Belg fin 6.514/544 Japan 0.8513/2333 words
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Article58 1977-05-17 8 Minimum lending rates (in acbc ft* Q\ Algemene Bank 6*. Citibank 6*4 Bangkok Bank 7 HSBC 7 Bank of America 6*. Indosuez 6*4 Bank of China Bank of Tokyo Bank Neaara Indonesia ..7 6*4 Malayan Banking Mitsui Bank OCBC 6*4 6*4 6*4 7 OUB 6*4 Chartered Bank 6%. UCB 758 words
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Article363 1977-05-17 8 LONDON, Mon. Straight dollar bonds were basically unchanged In dull trading, dealers said. Floating rate Issues also held Friday's low levels with little movement on lack of Interest. The Ste Generale 6-11/16 per cent due 1981 traded around 97% 98% on slightly wider spread than last Friday, while363 words
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Article82 1977-05-17 8 BANGKOK, Mon. Thailand is expected to have 1.65 million tonnes of surplus rice for export during 1977, a Bangkok bank reported today. The research division of the Krong Thai Bank, which made the report, did not say why the additional sugar would be on hand and comparative82 words
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Page 8 Advertisements
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Advertisement219 1977-05-17 8 FOULKS LYNCH-london in association with FEDERAL PUBLICATIONS is pleased to announce the inauguration of a local home study centre that will be of special benefit to all accountancy students in South East Asia. Combining the international experience of Foulks Lynch with the specialised local knowledge of Federal Publications, this new219 words
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TRANSPORT AND COMMUNICATIONS
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241 1977-05-17 9 THE latest developments In what is perhaps the most active sector or the marine market, will be discussed at an International conference on marine transport using the roll on roll off method (ro ro) scheduled to take place at the London Hilton from June241 words
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Article214 1977-05-17 9 LUFTHANSA German Airlines now offers air to ground commercial telephone services for first class passengers. Telephones have been Installed in two of Its Boeing 747SLs on an experimental basis for a period of five months from May 1. Telephone sets are located In the upper deck lounges214 words
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710 1977-05-17 9 DETROIT, Monday NYT THE American family car of 1985, the year when the Carter Administration's plan to drive "gasoline guzzlers" off the road would nave maximum effect, Is not on the drawing board yet. But a general picture of It canNYT - 710 words
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Article, Illustration117 1977-05-17 9 THE flagship of the Royal Brunei Malay Regiment flotilla, the gunboat Pahlawan, wai recently lifted on board an OCL containership for a voyage to Britain. The vessel, built by Vospers Ltd (UK) in 1866 will take part, along with 200 other British, Commonwealth and NATO117 words
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Article161 1977-05-17 9 AP CAPE CANAVERAL. Mon. Twin military communl- cations satellites went into orbit 30,000 km above earth on Thursday to begin a worldwide top secret communications network for US defence forces. "It was a perfect launch and a perfect orbit" an Air Force spokesman said. TheAP - 161 words
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Article, Illustration416 1977-05-17 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Gloria Peak (HPPK) (1800 after Hoegh Opal) (Draft 9.5 m) 8/9 Idaho (KNKF) (0700 after Mozhaysk) 1/2 Keningau (i) (0600) 27/28 Keningau (11) (1500 shifts after Perak) (Agent's request) 20 King Pearl (0600 after Yue River hauls) 24 Narcissus (1630 after Kelyo Maru)416 words
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Article221 1977-05-17 9 FORMED in 1970, Ben Line Containers was the company which introduced container services to the Far East. Three of the world's largest and fastest container ships were delivered and put into service in 1972 and 1973, adding the advantages of the new method of through transportation to221 words
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Article197 1977-05-17 9 WEST Australian Exploration Company (Wapet) will lease a drilling rig which Is being built in Singapore at Marathon Le Turneau shipyard. The owners of the rig are Aquadrll, a subsidiary or the Danish Maersk shipping line. The rig, which costs 8*56 million will be ready for197 words
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224 1977-05-17 9 AP HONGKONG, Mon. Work began last week on the HKS2BO million (Ssl4o million) Aberdeen tunnel after its main construction contract worth HKSIBO million was signed with a newly formed consortium representing four firms. The Aberdeen tunnel Joint venture comprised of Societe FrancalseAP - 224 words
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Article72 1977-05-17 9 AP ATHENS. Mon. Greece's airports operated at half pace today and Oreek airspace was closed to domestic and international civil flights during night hours while some 2,000 aviation technicians were pushing their strike into the fourth day. Four International airlines British Airways. Royal Dutch Airlines, Oulf AirAP - 72 words
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Article593 1977-05-17 9 ARRIVALS Service Operator Number Local Time 1 From CAL TMA CI331 TL303B 0040 0215 TPE/HKG/KUL BEY/DXB/BOM KUL MAS PAA SIA GIA MH682 PA847 SQ211 GA980 0810 0630 1015 1030 KCH SFO/HNL/GUM HLP HLP GIA SIA RBA SIA GA908 SQ240 BI325 SQ201 1100 1140 1155 1200 MES MES593 words
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Page 9 Advertisements
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Advertisement301 1977-05-17 9 .y/'j A?j t;» •v"nrt r 7 I:V--rv w l T an The three bosk needs and the three ports of Britannica 3 1. To get at the facts often a single fact easily and quickly, without having to road a long article in which that fact is embedded. This need301 words
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Article, Illustration1296 1977-05-17 10 ABDUL KADIR JASIN - LAUNCHED A NEW CHALLENGE FOR UMNO Koperasi Bersatu has a major role to play in making Malaysia's New Economic Policy a success By ABDUL KADIR JASIN AFTER careful consideration and planning, Umno launched its co-operative society on Wednesday with the pledge to fulfill a wide range of objectives that will1,296 words
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1777 1977-05-17 10 JOHN WALLACE - By JOHN WALLACE Reuter THE American medical system Is not healthy. The vast majority of physicians are highly competent, the equipment and technology available to them Is unsurpassed, and more Americans than ever before have access to good medical care yet the system itselfReuter - 1,777 words
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498 1977-05-17 10 A. SHUSTER - By A. SHUSTER NYT THE Italian Oovernment has come to the conclusion that Italians are importing too much meat, whisky and champagne, too many Rolls-Royces and other foreign cars, and too many furs and yachts. So, It has now started a buyNYT - 498 words
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Article790 1977-05-17 10 ELGY GILLESPIE - By ELGY GILLESPIE FT THE imminent arrival of 150.000 white immigrants from South Africa, Namibia and Rhodesia, announced with aplomb in the Bolivian national press this week, would seem to be founded on wishful thinking rather than plain fact. The hoped-for Influx of white AfricansFT - 790 words
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Page 10 Advertisements
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Advertisement196 1977-05-17 10 1 tOIL j ASM©1 r =11 MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE S. s ASM RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in196 words
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187 1977-05-17 11 UPI TOKYO, Mod. Japan's trade surplus with China for the January to Mareh period of this year shrank from the year-before level due mainly to decreased exCrts of steel, chemical 'tiliser and machinery equipment, a government organisation reported toCiting customs-clear-ance figures fromUPI - 187 words
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303 1977-05-17 11 NYT BANGKOK, Mon. Vietnam, Laos and Thailand have agreed to resume the development of the water resources of the Mekong river and its sprawling basin. The agreement to reactivate the Mekong river development project, in which Cambodia also participated until the communist takeover twoNYT - 303 words
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Article158 1977-05-17 11 AP BANGKOK, Mon. Editors and Journalists are mounting a campaign to protest a new bill which would further restrict the freedom of the press In Thailand. The 27-artlcle Press Bill, which would Impost fines and Jail sentences for certain violations, Is to be debatedAP - 158 words
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138 1977-05-17 11 KUALA LUMPUR, Mon. Local recording companies here need the help of the authorities in their fight against piracy. "If the present rate of piracy Is not curbed or controlled, then the genuine registered companies will have no choice but to roll up their mats138 words
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Article91 1977-05-17 11 Reuter JAKARTA, Mon. Indonesia's newsprint requirement is gr >wlng rapidly due to increasing demand for books and other Kubllcatlons, an Industry Unlstry spokesman said. Last year's consumption was estimated at 318,400 tonnes, of which about 250,000 tonnes were Imported, and demand is expected toReuter - 91 words
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Article65 1977-05-17 11 THE United Overseas Bank group has offered 22 scholarships for tertiary education in Singapore and Malaysia, worth between $1,200 and $2,500. Ten of these annual awards are reserved for the children of the staff of the UOB group. Application forms are available at the UOB head office,65 words
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Article70 1977-05-17 11 Reuter NEW DELHI. Mon. Workers of a car factory run by Sanjay Gandhi, the younger son of India's former Prime Minister Indira Gandhi, began a hunger strike here today to demand nationalisation of the company. A spokesman for the Workers' Union of Maruti told reporters thatReuter - 70 words
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567 1977-05-17 11 CRAFT industries In Singapore have always maintained a low profile. But one of the more modestly successful and more extroverted of the lot Selangor Pewter has been billing Itself as the world's finest producers of pewterware A loud claim, but it has567 words
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616 1977-05-17 11 Reuter SEOUL, Mon. Continuing sharp Increases In South Korea's foreign exchange reserves have led the government to bring In a set of measures designed to Introduce short-term foreign capital on easier terms for Korean concerns. One-year maturity foreign loans will nowReuter - 616 words
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235 1977-05-17 11 UPI SEOUL, Mon. About 170 American and South Korean private businessmen opened a three-day meeting In Seoul today to explore Joint areas of technical and financial cooperation between the two countries. The meeting, officially called the third main meeting of the US-South Korea EconomicUPI - 235 words
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300 1977-05-17 11 UPI TOKYO, Mon. A highranking Chinese official said yesterday his country won't normalise relations with the United States unless it gets a free hand to take over Taiwan, by force, if necessary. Vice-Premier Chi Tengkuel said in an Interview published today in the YomiuriUPI - 300 words
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Article102 1977-05-17 11 KANG Hardware Trading Co. yesterday filed a petition in the High Court for the winding up of Slto Marine Private Ltd. It Is alleged that Slto Marine owed Kang Hardware a balance of $7,709.76 for the price of goods sold and delivered. Dlethelm Singapore Pte Ltd has102 words
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110 1977-05-17 11 Reuter HONGKONG, Mon. Peking's official People's Dally said the recently convened Chinese national industrial conference was very successful, according to the New China News Agency. The paper also hailed the conference, which closed on Friday as "an Important milestone In the annals of China's industrialReuter - 110 words
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161 1977-05-17 11 A FIVE-DAY exhibition of electronics production and test equipment will be held at the US Trade Centre from June 13. About 30 US firms will be promoting equipment for testing integrated circuits, transistors and diodes Including signal sweeps and frequency generators and production equipment such161 words
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Article124 1977-05-17 11 AP BAHRAIN, Mon. Bahrain praised South Korean workers yesterday for unusual construction speed in building a supertanker drydock for operation within two vears. Bahralnl Power and Water Minister, Mr. Majld Jlshl, pressed the button to start the first flooding of the drydock built by Hyundai CompanyAP - 124 words
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Article, Illustration347 1977-05-17 11 PETALINQ JAYA, Mon. Bank Negara governor, Tan Sri Ismail All, said today the percentage of bumlputra staff In the banking and finance Industries Is still low, particularly at senior management levels. Tan Sri Ismail made this remark at the opening of the programme for347 words
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Page 11 Advertisements
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Advertisement489 1977-05-17 11 APPOINTMENTS faeweiE apiwiv a boeb»b n. I Fit) itd wholly owned subsidiary of Keppel Shipyard Limited) We ore a well established and progressive shipyard specialising in the repairs and building of sophisticated ships to the highest international/ classification standards. We invite applications for the appointment of: PERSONNEL OFFICER The Person489 words
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Advertisement514 1977-05-17 11 ESSEX ASIA LIMITED HONGKONG (Subsidiary of Schering-Plough Corporation, U.S.A.) Requires a MANAGER ANIMAL HEALTH PRODUCTS LOCATION: Hongkong THE COMPANY: Essex Asia Limited Is a Subsidiary of Schering-Plough Corporation, a leading worldwide pharmaceutical company with an Area Headquarters In Hongkong. THE JOB: This growth opportunity and challenging position was created as514 words
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263 1977-05-17 12 Reuter KUALA LUMPUR, Mon. The offer of 70 per cent of Malaysian rubber freight tonnage made by the Freight Committee of the Rubber Industries of Malaysia (FCRIM) Is unacceptable to the Far Eastern Freight Conference (FEFC), Keith Reynolds, chairman of its rubberReuter - 263 words
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Article90 1977-05-17 12 AP NEW YORK, Mon. Vietnamese officials have privately told American oil company officials that if reconciliation terms are reached with Washington, applications to develop Vietnam's offshore oil reserves will be approved within a week, according to Newsweek magazine. The magazine reports, in its Issue dated MayAP - 90 words
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Article770 1977-05-17 12 LONDON. Mon. The stock market closed mixed with leading Industrials slightly lower and government stocks steady to a snade firmer, dealers said. At 3.00 pm. the Financial Times Index was down 2.2 at 465.0. Leading equities retreated on firoflt-taklng after early buying nterest faded, but finished above the770 words
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1166 1977-05-17 12 NYT BOSTON. Mon. On the increasingly common ."country risk" evaluation trips carried out by the world's international bankers, both Singapore and Malaysia get a top rating alongside such financially strong countries as West Germany, Japan, Saudi Arabia and Iran. The goal of these tripsNYT - 1,166 words
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181 1977-05-17 12 THE recent dialogue between the Joint Media Committee (JMC) and Radio and Television Singapore has apparently cleared the air on the issue of the rates charged by RTB. The meeting dealt with the structuring of RTB* advertising rates and premium rates for peak181 words
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Article167 1977-05-17 12 OVERSEAS Union Bank, one of the 'Big Four' local banks will move its head office to new premises at Robinson Road by the middle of 1979. The 27-year-old bank, th» last of the 'Big Four' to have a building of its own, will construct167 words
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Article35 1977-05-17 12 UPI WASHINGTON, Mon. President Carter has nominated Mr. Robert Miller, 49, as ambassador to Malaysia. Mr. Miller is presently Deputy Assistant Secretary of State for East Asian and Pacific Affairs. UPI.UPI - 35 words
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273 1977-05-17 12 Reuter HONGKONG, Mon. Export opportunities for steel producing countries, other than Japan and West Germany were disappointing at the latest Canton Trade Fair, steel Industry sources said. The sources told Reuters the Chinese were offering to deal on the basis of prices rulingReuter - 273 words
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Article121 1977-05-17 12 AP TOKYO, Mon. Shantung province, China's major wheat producing area, has overcome its worst drought in decades with recordbreaking Irrigation efforts involving millions of Communist Party cadres and office workers, the Hslnhua news agency said today. A Peking broadcast said 30 million people In the EastAP - 121 words
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312 1977-05-17 12 THE strike by the Singapore Metal Box Workers' Union Is costing it $400 every day, according to its chairman Mr. Wong Weng Fook. He said that when the strike first began in April, the union was spending about $800 daily on rental312 words
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Article218 1977-05-17 12 RESPONSE to the Certificate In Investment Analysis course Introduced by the Secretaries Research Institute has been poor despite the status lent to It by the Inclusion of Nanyang University as co-sponsor. Since applications opened on May 6, not a single registration has been made. The one-year evening218 words
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268 1977-05-17 12 PRODUCTIVITY gains are needed not only for growth but also to survive problems of inflation, oil price increases, protectionism and increasing international competition. This view was expressed yesterday by Mr. Loo HengShusn, executive director of the National Productivity Board, at the inauguration of the268 words
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192 1977-05-17 12 Reuter MANILA, Mon. President Marcos said today that there was a new awakening in the region that could serve both the call of the young for chance and the desire of the older feneration for strength and stability. Speaking at a youth gatheringReuter - 192 words
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199 1977-05-17 12 UPI Reuter BANGKOK, Mon. The value of Thailand's exports for the first quarter of 1977 was 15 per cent higher than for the first three months of 1976, according to the National Economic and Social Development Board. The board said In aUPI; Reuter - 199 words
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394 1977-05-17 12 Reuter TOKYO, Mon. Japan's Customs clearance trade surplus rose to a preliminary US$l.l2 bUllon (552.74 billion) In April from a revised US$77O million in March and US$2l3 mUllon In April last year. The Finance Ministry said April fob exports rose 28Reuter - 394 words
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Article122 1977-05-17 12 AF TOKYO, Mon. A group of four Japanese firms has received a 6,500 million yen (Sss7 million) order for microwave and carrier transmission systems from the state-run telephone organisation of Thailand. Toyo Menka Kaisha Ltd. announced today. Toyo Menka officials identified the other JapaneseAF - 122 words
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Article144 1977-05-17 12 UPI TOKYO, Mon. Foreign Minister Ilchlro Hatoyama said today he hopes to visit member countries of Asean this summer to probe the possibility of Japan's cooperation with the region. Mr. Hatoyama said his tour would precede a visit to the Asean countries and Burma by Prime MinisterUPI - 144 words
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160 1977-05-17 12 "FOOD Asia," a major International hotel and restaurant equipment and food show will be held at the Singapore Hyatt from April 26 to z9 next year. Bookings for Food Asia have already been made by Australia, Belgium, Denmark, France, Germany, Japan, the Netherlands,160 words
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Article155 1977-05-17 12 AP NICOSIA, Mon. A QatarFrench outfit was reported today to have signed three contracts for the operation of a US$53l million (551.306 million) petrochemical complex In Qatar In 1980. The contracts with French, Belgian and Japanese concerns totalled $359.1 million, said the Middle East Economic Survey.AP - 155 words
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Article109 1977-05-17 12 Reuter TOKYO, Mon. Sumotomo Bank said it may write off the whole of Its bad loans of about 100 billion yen (SsBB7 million) to Ataka and Co In Its results for the six months ending Sept 30. A bank spokesman said the write-off willReuter - 109 words
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Article71 1977-05-17 12 Reuter ROME, Mon. A six-point Increase, in Italy's Scala mobile price index will give lower-paid Italian industry workers a monthly pay Increase of 14,334 lire (Ss4o) from this month. The six-point Increase, reflecting inflation over the three months to mid-April, brings the index to 149Reuter - 71 words
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