The Business Times, 5 January 1977

Total Pages: 12
1 12 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, JANUARY 5, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • 88 1 UPI BRUSSELS, Tues. The US dollar continued its downward slide on most European markets today and also lost new ground in Tokyo. In Frankfurt, the dollar opened at 2.3410 marks against 2.3450 at Monday's close, in Zurich at 2.4388 Swiss francs against 2.4422, in Paris at 4.9290 francs
      UPI  -  88 words
    • 68 1 AP DAMASCUS, Tues. Arab foreign and finance ministers will meet in the next few days to coordinate Joint action for the confrontation of Israel, it was stated here today by an authoritative Syrian source. The source said the ministerial conference will be preceded by a meeting of the
      AP  -  68 words
    • 44 1 AP MANILA, Tues. Participation in 18 International fairs last year brought the Philippines U5535.16 million (5586.14 million) in export contracts, Trade Secretary Troadlo Quiazon reported today. Fairs were in Italy, France, Denmark, the Netherlands, Britain, Malaysia, Singapore and other countries. AP
      AP  -  44 words
    • 62 1 Reuter PARIS, Tues. President Valery Giscard d'Estaing said here today he expects the next Western economic summit meeting to be held in Britain in June. The French leader, talking informally to journalists at an Elysee Palace New Year function, said the summit would probably be held somewhere In
      Reuter  -  62 words
    • 61 1 Reuter LONDON, Tues. British Prime Minister James Callaghan hopes to visit Washington early this year to meet President-elect Jimmy Carter but officials said here today that no date has been set. According to informed sources, Mr. Callaghan and Foreign Secretary Anthony Crosland hope to see Mr.
      Reuter  -  61 words
    • 51 1 LONDON, Tues. The stock market opened in the new year with investor optimism over the economic outlook and lower Interest rate possibilities extending the recent bullish trend. Stock shortage accentuated advances and at 3 p.m., the Financial Times Index was up 9.2 at 363.9, having touched
      51 words
    • 40 1 AP PLAINS (Georgia), Tues. Confessing to "some regrets," President-elect Jimmy Carter pledged today to free himself of any possible conflict of interest by turning over his prosperous peanut business to trustees who will lease or sell It. AP.
      AP  -  40 words
    • 44 1 UPI NEW YORK. Tues. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 996.76, down 2.99; 20 transp 237.21, down 0.31; 15 utils 108.58, down 0.06; 65 stocks 324.16, down 0.70. UPI
      UPI  -  44 words
  • Chief Price Changes
    • 176 1 TRADING turned fairly active at the Stock Exchange of Singapore yesterday, with good gains attending a majority of shares. Among those to forge ahead was Jardine Matheson which rose 15 cents to $2.37 in relatively heavy turnover. The Business Times index rose 3.07 points to 277.21 while
      176 words
    • 105 1 Rises Most active Kramat $2 28 .18 Pan Electric 631,000 M. Flour $2.67 .16 Inchcape 136.000 FandN $4.18 .12 Perils Plant 124,000 Prima $2.66 .12 Haw Par 121,000 B. Kawat $1.65 .10 Total Turnover 2.52 M Ac ma $1.45 .09 Total Value M$4 .91 M S'pore Land
      105 words
  • 1207 1  -  ON AVERAGE, MALES EARN MORE HERE By JOHN TAN IF women's liberation means that women receive equal pay and have equal opportunity, then many of Singapore's women are hot liberated. The average women here is earning less than her male counterpart and the margin
    1,207 words
  • 423 1 SINGAPORE Airlines appears to be headed for another year of Increased profitability. In a New Year message in the SIA house magazine "Outlook", chairman Mr. J.Y.M Plllay, announced that the net profit before tax for the first eight months was $33 million (compared with $41 million for
    423 words
  • 241 1 The lion's share HOUSING loans appear to have accounted for the bulk of the $130 million Increase In the total loan portfolio of finance companies In the 12 months ended November 1976. This amount of $101 million is about one-third higher than the level In the corresponding period in 1975,
    241 words
  • 157 1 OVERNIGHT Interest rates in the local Interbank money market fell dramatically yesterday as a result of what was believed to have been intervention from the Monetary Authority of Singapore. w?J? aler reported that MAS Intervention was detected when the overnight rates moved to 13 per cent In
    157 words
  • 304 1 Jardine Fleming what its name change means JARDINE Fleming South East Asia has changed its name to Jardlne Fleming (Singapore) Pte Ltd, reflecting a conscious decision to Identify more closely with the country which it serves. When Jardlne Fleming first started here some four years ago, It had a rather
    304 words
  • 19 1 Reuter UNITED NATIONB, Tues Yugoslavia ratified the International Tin Agreement of 1975, the United Nations announced. Reuter.
    Reuter  -  19 words
  • 146 1 THE top civil service position in the Ministry of Culture awaits a permanent appointment following the announcement that Mr Kwa Soon Chuan, the present Permanent Secretary will be retiring in June. Mr. Kwa is currently on six months leave prior to his retirement and
    146 words
  • 136 1 THE Far Eastern Economic Review's resident correspondent, Mr. Ho Kwon Ping was arrested by CID detectives at his Marina House office In Shenton Way yesterday morning. A police spokesman said that he was arrested for violating the Essential (Control of Publications and Safeguarding of Information) Regulations, 1966.
    136 words
  • 282 1 THERE will be a major reshuffle In the Cabinet In about 18 months time. This was indicated by a statement from the Prime Minister's Office yesterday which stated that the Prime Minister expects to be able to decide on major new appointments In 18
    282 words
  • 338 1 KUALA LUMPUR, Tues. The New Straits Times Press (Malaysia) Bhd. plans to decentralise Its printing capability by establishing a MsB million regional printing plant at Butterworth. The plant will receive pages for printing by facsimile transmission, a system commonly used in countries
    338 words
  • Page 1 Advertisements
    • 83 1 With a Reputation for Unrivalled Security and Fair Dealing over 131 years, Our Clients can be Assured... Insurance )iwcoipui»N>l it England* looks after you. Fast 18th Fir., Ocean Building, Collyer Quay. Singapore 1. Tel: ***** *****1. INSIDE Ovmeu new*/ TV Radio Local Co newt International Co newt Local stocks Overseas
      83 words
    • 14 1 ft. m; />-; v tX\: :fi» *K-J% f V > v £.< jr// I'll The Dress Lighter
      14 words
    • 3 1 See page 8.
      3 words
    • 185 1 SKIUjS^TWLaLIS Dispense with the usual frills, i get the job done quickly and I skilfully Try Manpower for professional temporary help in offices, sales, data processing, stores and other categories Call us today! ©MANPOWER *****8 TEMPORARY SERVICES The desk thai keeps >our accounts up to dale and jou out there
      185 words

  • OVERSEAS
    • 393 2 MR. Hans Frlderlchs, Germany's Economics Minister, apparently disagrees with one of the main strands in the Third World's thinking that has emerged in the last three years during the search for a new international economic order. Writing In the semiofficial trade publication "Nachrichten
      393 words
    • 145 2 Reuter PARIS, Tues. French Prime Minister Raymond Barre last night threatened shopkeepers with strict controls If they pushed their prices too fast now that a three-month price freeze Is over. In a television broadcast explaining the second phase of his anti-lnflatlon programme, which consists mainly of
      Reuter  -  145 words
    • 269 2 UPI TOKYO, Tues. A Japanese trading firm has delivered to the Philippines a domestically manufactured plane that carried a price tag of at least US$2 million (554.9 million) more than It paid to the aircraft manufacturer, a Tokyo newspaper said today. In
      UPI  -  269 words
    • 232 2 UPI WASHINGTON Tues. The retired head of Air Force intelligence was quoted yesterday as saying he believes the Soviet Union has achieved military superiority over the United States, a view that puts him at odds with other military officials. Major General George Keegan
      UPI  -  232 words
    • 96 2 Reuter PARIS, Tues. The government is studying a plan for the French steel Industry presented by steel producers, but the amount and conditions of any government aid will not be finalised before February, Prime Minister Raymond Barre's office announced. A spokesman said any government aid would
      Reuter  -  96 words
    • 231 2 AP UNITED NATIONS, Tues. Five days of meetings began here yesterday on arrangements for a conference aimed at fighting off a world water crisis predicted for the year 2000. The special session of the UN committee on natural resources will rim through Friday.
      AP  -  231 words
    • 168 2 Reuter AMERICUS (Georgia), Tues. President-elect Jimmy Carter wants foreign leaders to meet him In the United States Instead of travelling overseas himself, according to an Interview published here yesterday. Mr. Carter ruled out any trips abroad, at least in the early months of
      Reuter  -  168 words
    • 189 2 Reuter CAIRO, Tues. French Defence Minister Yvon Bourges said today that France might supply Egypt with new Mirage 2000 aircraft if the Egyptian Government asked for them. Rut Mr. Bourges told the semi-official newspaper Al-Ahram that the French warplane was still under production.
      Reuter  -  189 words
    • 344 2 UPI Reuter WASHINGTON, Tues. The United State* paid an unprecedented US$32 billion (SS7B billion) for its petroleum imports in 1976, and the cost of foreign oil will be even higher this year as a result of the recent Opec price hike,
      UPI; Reuter  -  344 words
    • 123 2 AP NEW YORK. Tues. "If all Britain's Industries performed like the automo-tive-components manufacturers. the Chancellor of the Exchequer would be laughing all the way to the bank." Fortune magazine savs. "These companies," the business monthly adds In Its January issue, "exported US$2.7 billion (556.6 billion) worth
      AP  -  123 words
    • 706 2 Agencies WASHINGTON, Tues. The International Monetary Fund yesterday approved a standby arrangement authorising the United Kingdom to borrow US$3.9 billion (559.5 billion) worth of currencies from the IMF over the next 24 months to help reverse current balance of payment and other
      Agencies  -  706 words
    • 139 2 Reuter BRUSSELS, Tues. It is not clear whether Japan will yield to EEC demands for a fairer distribution of new shipbuilding orders, Josephus Loeff, director general for industrial affairs at the EEC Commission, said. He told reporters his contacts with Japanese officials in Tokyo last
      Reuter  -  139 words
    • 168 2 UPI BRUSSELS, Tues. The European Common Market said yesterday it Is requesting all nine member nations to supply detailed advance information on their expected Import and export of crude oil, petroleum products and natural gas. A communique Issued by the market's specialist committee
      UPI  -  168 words
    • 167 2 Rueter ALGIERS, Tues. Alge.ia today announced an increase of nearly 25 per cent in its defence spending, believed to reflect current tensions in the neighbouring western Sahara. In the national budget released today, defence spending will jump by 24.2 per cent to 1.63 billion dinars
      Rueter  -  167 words
    • 440 2 AP WASHINGTON, Tues. Legislation proposing statehood for Puerto Rico may not be ready before President Ford leaves office Jan 20, a White House spokesman said yesterday. Thus, the issue may be dead for now. If the bill Is not ready, It will be up
      AP  -  440 words
  • Page 2 Advertisements
    • 126 2 The hot drink provider n p VlihbM&kkX N How Drinkmaster provides staff or visitors with hot, freshly-made drinks without delay or trouble and at very low cost 1 You buy your Drinkmaster outright at very low cost. Rug into electricity supply. No plumbing required. Just fill with water. I zw
      126 words
  • Page 2 Miscellaneous
    • 319 2 WEATHER report for 24 hours prior to 7.30 p.m. on Jan 4 at Singapore airport: Maximum temperature Associated humidity Minimum temperature Associated humidity Hours of sunshine Rainfall in millimetres Total rainfall for the month Total rainy days for the month SINGAPORE 5 3.00 P.M. Opening Announcements followed by Flying Nun
      319 words

  • Page 3 Advertisements
    • 261 3 Dash 1 3650 miles 42,000 lbs. of thrust per engine Dash 100 4200 miles 42,000 lbs. of thrust per engine Dash 200 4250 miles 48,000 lbs. of thrust per engine Dash 250 5200 miles 48,000 lbs. of thrust per engine t The Dash 500. The 6100 mileTriStar. r LOCKHEED L-KM
      261 words

  • COMPANY NEWS
    • 559 4 THE year ended Sept 30, 1976 was a disappointing one for Kuala Lumpur Kepong. After a marginal slide in earnings in 1975. group pre-tax profit fell by a severe 36 per cent to M$ 18.54 million. Group turnover dropped 10.2 per cent to
      559 words
    • 301 4 BOUSTEAD Holdings has Issued the 5.72 million M5O cents reserved for bumlputra institutional investors to Lembaga Kemajuan Tanah Persekutuan (FELDA) and Lembaga Tabung Angkatan Tentera (Armed Forces Fund Board). The company says in a circular to shareholders that the Institutions have each subscribed for
      301 words
    • 623 4 ESTIMATED liabilities of National Industries of Singapore, which went into receivership in December 1975, have exceeded its realisable assets by $13.81 million at Aug 6. 1976 compared with $12.95 million at Dec 8, 1975. The difference of $862,943 mainly reflects an increase in the
      623 words
    • 154 4 BERJAYA Kawat said It acquired the 50 per cent of the Issued capital of Steel Company of Malaysia (SCM) It did not already own from Hong Leong (M) for M 569,633. SCM was established in 1973 as a Joint venture between Berjaya and Hong Leong to
      154 words
    • 500 4 KUALA LUMPUR, Tues. Sanyo Is striking out on Its own In the marketing of its own products with the withdrawal of the franchise from Borneo Company, a trading subsidiary of Inchcape Berhad. Borneo, which has held the franchise for about a decade
      500 words
    • 754 4 Coming mutual fund with farms as stocks NYT NEW YORK. Tues. Trustees of pension funds and other tax-exempt Institutions will soon have a new Investment vehicle a mutual fund whose stock consists of working farms in various locations around the nation. The fund. Ag-Land Trust, is being put together by
      NYT  -  754 words
    • 541 4 NEW YORK. Tues Australian Publisher Rupert Murdoch has run into a bitter legal fight aimed at blocking his second major US acquisition in a m6nth. A spokesman for Mr. Murdoch said that owners of about half the shares of New York Magazine had accepted
      541 words
    • 335 4 Current payment Ex Date Date payable Total for the year Total for previous year Aokam Kulim Malayan Tin Stha. Malayaian Tin Tongkah Harbour Bouateadco S.M. Ind. Lower Perak Tin Sovran Bouatead N.S.O.P. Batu Kawan Duff Dev. K. Kellaa Tin FJkN Cold Storage Lien Hoe RenonTin Tenter loh K.T.Pau
      335 words
    • 268 4 UNITED Malacca Rubber Estates has Informed the Kuala Lumpur Stock Exchange that Its recent acquisition of a 22.2 per cent stake in Pacific Bank has not contravened the exchange's Listing Requirement 4 (5) as the deal did not involve the Interest of its directors
      268 words
    • 83 4 TOKYO, Tues. Chiyoda Chemical Engineering and Construction said it and Mitsubishi Corp Jointly reached a basic agreement with Saudi Arabia's Petromln to supply oil refining plant worth more than 300 billion yen. The agreement, for which a formal contract is expected to be
      83 words
    • 72 4 Reuter PARIS, Tues. SalntGobaln Pont-A-Mousson said It has a 35 per cent stake in the 1.6 billion rial capital of an Iranian firm, Dictiran, which is co-ordi-nating the construction of a 500 million franc water pipe factory at Awhaz. The factory should start production
      Reuter  -  72 words
    • 65 4 Reuter TORONTO, Tues. Preliminary figures compiled by the Toronto Stock Exchange show total volume on the five Canadian Stock Exchanges Increased 3.5 per cent to 1.15 billion shares last year from 1.1 l billion in 1975. Value of trading was U556.96 billion, up from $5.81
      Reuter  -  65 words
    • 66 4 Reuter PARIS, Tues. Union de Credit Pour le Battment, part of the Cle Bancalre group, said it will issue a 300 million franc 11.4 per cent 10-year loan dated Jan 7, 1977. Primary bond market sources said the issue will be priced at par. The loan
      Reuter  -  66 words
    • COMPANY MEETINGS
    • 23 4 HAW PAR Brothers International said one of its dormant wholly-owned subsidiaries. Asia Exploration. (Pte) has changed its name to Tiger Holdings.
      23 words
    • 1264 4 On December 31 PRICES on the Chicago Board OP tl0 1 declined as losers topped gainers, 316 to 189, on Mon day Volume approximated 101,693 contracts compared with 87.435 contracts last Friday. OPTION JAN APL JLY STOCK Alcoa Afciw AVeo.» AImm Alii Tel Am Tel Am Tel
      1,264 words
  • Page 4 Advertisements
    • 169 4 V Vn as 12 p; RK <) f *>v w a r> ®v Chivas Regal Scotland's prince of whiskies It's waited 12 years for you. Another fine product brought to you by hf ood beverage (private) ltd. 875 Bl'kll MM AH KOAI) <i m s SI*C.APORE. I" TEL fcM>9U PO
      169 words

  • INTERNATIONAL COMPANY NEWS
    • 196 5 AMSTERDAM, Tues. Nederlandsche Middenstandsbank (NMB), Holland's third largest commercial bank, has announced an unchanged interim dividend. On the strength of a favourable development of business this year and the expectation of a "substantial" Increase in profits, an Increase In the final may be expected. The
      196 words
    • 139 5 Reuter STOCKHOLM. Tues. The Stockholm Stock Exchange announced resumption In trading of Svenska Taendstlcks (Swedish Match) and Kemanord shares, suspended on Dec 23, when the two announced they were considering a merger. An exchange spokesman told Reuters because all detail of the groups' merger negotiations
      Reuter  -  139 words
    • 101 5 Reuter COLOGNE.Tues._ Deutsche Lufthansa will report a higher profit for 1976 than the 69 million marks earned after tax in 1975. the company said in a press statement. Total passengers carried in 1976 exceeds 11 million, a 10 per cent rise on 1975, while freight traffic increased 20
      Reuter  -  101 words
    • 62 5 HONGKONG, Tues. Hongkong and Kowloon Wharf and Godown, HKS2OO million 7% per cent unsecured loan stock will begin trading in partly paid form from today, Jan 4, the Hongkong Stock Exchange said. The loan, which was oversubscribed, was payable as to $60 per $100 nominal unit by Dec
      62 words
    • 33 5 Reuter LONDON, Tues. GUI and Duffus group and Jardlne Matheson said Jardlne. Gill and Duffus (UK) recently set up In London to operate Internationally as traders in sugar, has started operations. Reuter.
      Reuter  -  33 words
    • 844 5 Reuter NEW YORK, Tues. Few companies here or abroad are of such size and scope that analysts will say that Investing in their shares Is In effect like buying a slice of that country's economy. And It often is said of such companies that what's good
      Reuter  -  844 words
    • 597 5 Reuter HONGKONG, Tues. Modern Terminals Ltd (MTL) managing director, Mr. Derek Lygo, told Reuters ne expects container traffic handled by the company to increase by between 10 and 20 per cent in 1977 after the 114 per cent rise recorded in 1976. In 1976,
      Reuter  -  597 words
    • 110 5 Reuter NEW YORK, Tues. Flushing National Bank dropped an appeal against a court ruling that use of New York City sales taxes to pay Municipal Assistance Corp bondholders is constitutional, a bank attorney said. The ruling, in January last year, followed a Flushing Bank challenge at the
      Reuter  -  110 words
    • 78 5 HONGKONG Tues. Winsor Industrial Corp's offer to acquire 9.6 million HK$2 shares In Hllwln Enterprises Is declared unconditional, Wardley said on behalf of Wlnaor. The offer has been extended to Jan 28, and at Dec 31 Winsor and Its subsidiaries owned or controlled 18.8 million shares or 95.8
      78 words
    • 1133 5  -  By PAUL LEWIS NYT THE American banking industry has jumped out of the frying pan, but the next step Is In doubt. The high Inflation rates and recession of the last few years appear past. The big loan losses seem manageable, and earnings are
      NYT  -  1,133 words
    • 244 5 STOCKHOLM, Tues. Bt. Gobain, the French conglomerate, has received the goahead from the Swedish government for the merger of Its glass-making Interests with those of Orange, the Swedish heavy industry group. The two groups will set up a holding company, based In Copenhagen, with St.
      244 words
    • 268 5 LONDON, Tues. After allowing for European refrigeration losses of around £700,000 pre-tax profit of the Howden Oroup of engineers showed a reduction from £1.62 million to £1.54 million in the half year ended Oct 31, 1976. Sir Norman Elliott, chairman, says that the second half of
      268 words
    • 149 5 Reuter DETROIT, Tues. General Motors and Chrysler have reported a rise in vehicle production In December last year. General motors said car production rose to 405,437 from 333,573 units a year earlier, bringing 1976 domestic production to 4.89 million cars against 3.68 million In 1975. US
      Reuter  -  149 words
    • 685 5  -  Slater unit trust By KEITH LEWIS FT SLATER Walker Trust Management Is henceforth to be known as Britannia Group. The change marks a breakaway from the parent company. Slater Walker Securities, and coincides with a vigorous marketing campaign designed to put the Slater trusts back on
      FT  -  685 words
    • 341 5 FT STOCKHOLM, Tues. Hasselblad, the Swedish quality camera manufacturer, is being bought by the Safveaan investment Company for a price of Kr. 28 million it was announced in Gothenburg. Hasselblad, whose cameras are used by American spacemen, is solely owned by Its founder, Dr. Victor Hasselblad, 70,
      FT  -  341 words
  • Page 5 Advertisements
    • 109 5 fit] DANIEL MHCENTAURI lia COMPANY World Wide Trading. Offers you servictf m: Genera' importers exporters and finance's Third Country traders Buying Agents Manufacturer s representatives Shipper s Transportation warehousing contractors Raw material txrtk Duyers sellers Party investment in manutactur ing service organisation OUR SPECIALIST DEPARTMENTS Bulking Material Electrical 4 Electronic
      109 words
    • 384 5 VOLVO PENTA From small displacement boats and high-speed planing craft to sailing boats, house-boats and large motor cruisers. Volvo Penta has become a household word to boat owners in more than 1 00 countries. The program is made up of 40 different marine engines. Gasoline and diesel. From 7.5 h.p.
      384 words

  • 2059 6 SECTION ONE INDUSTRIALS 197S/77 High Low Company Laat Sale +or» Gr'a div Div c'vr Gr'a y'ld Net P/E Vol C000) Day High Low 175* 206 100 237 186 402 204 248 460 137 133 172 60 185 66 254 149 172 394 39 Acma Alcom Allied Choc
    2,059 words
  • 1451 6 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board
    1,451 words
  • 1438 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified industrials Acini (1) 1.43. Afinamata (1.958 2.008). Alaam (2.138 2.208) (1) 2
    1,438 words
  • 162 6 SINGAPORE UNIT TRUST (Managers' price* for Jan. 5) The Commerce 1 78 l 86 INCOME BOND UNIT (Current prices) The Saving Fund 0 96 1 01 INCOME BOND 1 09 1.15 S pore Prog Fund 0 80 0 85 MARA BUMIPUTRA FUND S pore Security Fund 1 29
    162 words
  • 149 6 B O T 8 1/2% 1981 (100,000) (103%8 104HS) D B S 8 1/2% 1982 (100,000) (9B 100*8) DBS Convert* S 1/2% 1991 (100,000) (988 98*«S) E I B 9% 1982 (100,000) (103ViB 104 MS) E I B 8 1/4% 1983 (100.000) (10ONB 101 >*S) 1 B
    149 words
  • 113 6 5 1/2% 1/12/77 (1,000.000) (101.568 101.665) 5 1/2% 15/4/78 (1,000,000) (101.70S) 5 1/4% 15/7/78 (1,000,000) (101.358 101 455) 6 1/2% 15/8/78 (1,000,000) (103.308 103.485) 7% 1/7/79 (1,000.000) (104.838 104.933) 5 1/4% 15/10/79 (1,000,000) (100.808 100.90S) 6 3/4% 15/C/80 (1,000.000) (102.958 103 05S) 6 3/4% 1/12/80 (1.000,000) (102.958)
    113 words
  • Page 6 Advertisements

  • 608 7 SHARES made good headway in fairly active trading at the stock Exchange of Singapore yesterday. With the start of the new month for settlement dealing, the market appeared to be fairly liquid as it sought up most of the shares. The run up which began last
    608 words
  • 553 7 TRADING was somewhat bullish at the Kuala Lumpur share market yesterday. Overcoming Initial hesitancy, buyers sent prices to higher levels in continuation of the previous day's trend. Trading was particularly brisk in the closing minutes when there was an attempt at profit-taking. Most shares, however, managed
    553 words
  • WALL STREET AND OTHER OVERSEAS MARKETS
    • 973 7 NEW YORK: Stocks were mixed In the first session of the New Year on Monday as proflttaklng appeared to be balanced by fresh evidence the US econony may be altering an expansion phase. The pleasant economic news came from the Commerce Department late In the afternoon, when It
      973 words
    • 351 7 PARIS: The market tended generally lower on Monday In quiet trading. Steels were an exception, benefitting from reports the French Government may lend Lorraine steel producers three billion francs to help modernise production and compensate workers who may lose their jobs, dealers said. CGE, which Is making an offer
      351 words
    • 398 7 SYDNEY: The market closed generally firmer on Tuesday, buoyed by the recent strength of Wall Btreet and Tokyo stocks, dealers said. The Sydney all-ordinaries rose 2.44 points to 433.88. Among industrials, CSR rose 10 to 3.75, and BHP 14 to 7.42. while Comaleo, Myers, TNT, Tha Walee, ANZ lAC
      398 words
    • 529 7 TOKYO: The market closed higher in a half day session on Tuesday with growing hopes for the recovery of the domestic economy, dealers said. The Dow-Jones average gained 8.00 to close at 4,998.15 with volume 250 million shares The New Index closed at 384.14 up 0.26. Large-capital shares rinned
      529 words
    • 112 7 BRUSSELS: The market was very quiet on Monday, dealers said. Prices were mixed, but with very narrow movements. Milan jan n Frs FORWARD MARKET Acec 317 unch Arbed 3250 50 Astur 1002 ♦4 Brascan 500 flO Bru-Lamb 1750 unch Canpac 602 ♦4 Cock 900 -20 De B«?rs 97 1
      112 words
    • 153 7 MILAN: The market closed lower in thin trading on Monday. dealers said. After a quiet opening, prices fell due to several selling orders in a market lacking demand. Among industrials. Flat. Pint--11. Ofrvetti and Moatedfeea lost ground. In Insurances. Aaeicursfaai General fell, as did Bastoai in Financials. A fair
      153 words
    • 296 7 TORONTO: Share prices on the Toronto Stock Exchange closed narrowly mixed in light trading on Monday. Advances among metals and utilities were balanced by declines among transportation Issues and pipelines. Among the major changes. Maclean-Hunter A rose to 7%, Canada Packer* C dropped S to 17%, Bow Valley added
      296 words
    • 312 7 ZURICH: The market was broadly firmer on Monday In selectively active trading, with Interest centred on major Issues, dealers said. Both Swissair rose on press comment of a possible 1970 dividend Increase. Banks generally firmed slightly. Financials gained. Including both shares of Bally and Oerlikon-Buehrle, Forbo 'A' and Pr«tM-Fii>u.
      312 words
    • 317 7 AMSTERDAM: The market firmed in line with Wall Street In quiet trading on Monday. Royal Dutch led Dutch Internationals 2.10 guilders firmer. Ennia rose three guilders in a firmer insurance sector ahead of news It maintains its forecast &roflt rise. Transports and inks firmed althouth NMB was lower. Most
      317 words
    • 384 7 JOHANNESBURG: Gold shares traded generally steady at lower levels In thin trade on Monday with selected ex-divldend stocks showing firmness, dealers said. Libanon ruled unchanged at 450 after a dividend of five cents and after earlier trades at 445. while Harties traded at 1,000 (1.630). Following a dividend of
      384 words
    • 164 7 JAN 03 Dm AEG Akzo Allz Leben Allz Vers BASF Bay H T Wbank Bay Vbank Bayer BBC BMW Cassella Chem Verw Com merz bank Contl Gumtnl Daimler-Benz Degussa Demag Deutsche Bank DresdnerBank Dt Texaco Dyckerlioff ST A EnkaG4anzs Gelsenberg GHH Hapag-Lloyd Harpener Hoechst Hoesch Horten Kali Salz Karstadt
      164 words
    • 186 7 MANILA: The market was mixed In active trading on Tuesday dealers said. Secondary issues were generally firmer, while mining and oil leaders tended slightly easier, although minings were underpinned by the strength of copper prices. Gainers included Acojr Mining, Atlas Con B, Lrpanto B, Marinduque B, and Vulcan but
      186 words
    • 79 7 JAN <M Bahts Asia Fibre 108 unch Bangkok Bank 239 -2 Banfkok Invest 134S ♦S Fiangkok- Metropolitan Bank Bat* 3618 Berll Jucker 157S 1 Charoong Thai Wire 1S1 1 Dumex DusltThanl Faber Merlin First Trust Indo-Thal J And J Ho 165 unch Jalaprathan Cement 77 unch Karnasuta Lee Hwang
      79 words
    • 473 7 HONOKONO: The market closed lower on profit taking on Tuesday, following its steady advance In recent weeks, with moderate turnover, dealers said. The Hang Seng Index fell 6.8 points to close at 444.20. The HK ud Kewlooa WWrf HKS2OO million 7*. pet cent loan stock 1901 was listed In
      473 words
    • 95 7 FINANCIAL TIMES INDUSTRIAL Monday Closed Friday 354 7 Week ago Closed TINS Monday Closed Friday 133 58 Week ago Closed RUBBERS Monday ..Closed Friday 500.07 Week ago Closed OILS Monday Closed Friday 432.74 Week ago Closed DOW JONES AVERAGE INDUSTRIALS Monday 999.75 Friday 1004 #5 Week ago 99«.0t LONDON
      95 words
  • Page 7 Advertisements
    • 366 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 Km special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational |jiff J quite unlike the type that
      366 words

  • COMMODITY REPORTS AND PRICES
    • 619 8 OPENING quotations In the i Singapore rubber market yesterday were marked down fractionally, following lower Japanese advices but thereafter, prices advanced gradually on both local and upcountry buying Interest, In moderate trading, dealers said. Towards the morning close, trading slowed and January RSS One held quietly steady at
      619 words
    • 100 8 DAILY SSR and SMR prices at noon yesterday: Jan Feb R.A.S. (Current Mth) (Forward Mth) Buyer* Seller* Buyers Seller* (cent* i <rr kf) (cent* f *r kg) SSR 20 (1-ton Pallet) 184.00 185.00N 185.00 1M.OON SSR 50 (1-ton Pallet) 181.50 182.50N 182.SO 183 SON M.R.E.L.B. SMR5CV (1-ton
      100 words
    • 192 8 THE Straits tin price In Penang yesterday was up $7 to $1,312.37 Mi per plcul on an official offering down 75 tonnes to 300 tonnes. In LONDON yesterday, Tin rose by around £30 per tonne for Cash and £40 for Three Months in the standard contract. High grade
      192 words
    • 30 8 Rubber: Jan 4 Singapore: 1*7.00 eta (up 2.00 eta.) Malaysia: 203.75 eta. (up 2.50 eta) Tin: $1,32i.37 l 4 (up $7) Official offering: 300 tonnes (down 75 tonnea)
      30 words
    • 73 8 Reuter LONDON, Tues. Zinc rose £10 for both Cash and Three Months following premarket business at £406 per tonne. Three Months traded upto £415 in the ring. Sales were 3,200 tonnes. Trade sources said the rise reflected the general firm trend of the LME with good speculative interest prompting
      Reuter  -  73 words
    • 230 8 LONDON, Tues. Copper advanced £6.50 per tonne for cash wire bars and £9 for Three Months. Cathodes were £6.50 higher all round. The movement stemmed largely from the US where overnight gains In US futures and on Wall Street encouraged sentiment, dealers said. Fresh buying was seen with the
      230 words
    • 178 8 CHINESE PRODUCE EXCHANOE. SINOAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk 985 tellers, old drum 190 sellers, new drum 195 sellers Copra: Mixed (loose) UK/Cont 952 buyers. Pepper Muntok ASTA white f.o.b. 100% NLW *312*. sellers. Sarawak white f o b. 90S NLW S29TH sellers. Sarawak
      178 words
    • 290 8 IN the Singapore gold market yesterday, the kilobar changed hands at 8110,700/10,790 with limited Interest shown. The loco London gold was quoted at U*****.25/135.75 for most of the day and a clearer trend was expected later when London resumes business. The London morning fix was U*****.10, up $1.60 on
      290 words
    • 124 8 LONDON. Tues. Lead gained £6 for Cash and £9 per tonne for Three Months. The market was very firm with Three Months, after early business at £306, trading upto a 2-1/2 year high or £312 per tonne In the ring. Sales were 3,450 lots. Dealers attributed the rise to
      124 words
    • 49 8 LONDON. Tues. Silver showed gains of 4.6 to 5.5 pence per troy ounce with Three Months trading up to 270.4 pence. Buying was encouraged by overnight gains at New York and higher gold this morning, dealers said. But overall Interest remained limited with turnover totalling only 52 lots.
      49 words
    • 144 8 CHICAGO, Mon Soybean futures retreated late In the session to close with losses of seven to 5 1/4 cents a bushel. Opening prices were easier on speculative selling generated by expectations of increased farmer selling but a firming In meal futures and commercial and professional buying Interest helped fuel
      144 words
    • 227 8 BANGKOK, Tues.l Indicative prices fir rice Suoted In Bangkor yesteray were: US dollars per tonne fob basis Bangkok White Rice: 100 per cent Ist class 290 100 percent 2nd 275 100 per cent 3rd 270 5 per cent 258 10 per cent 237 15 per cent 234 20 per
      227 words
    • 345 8 BANGKOK, Tues. The rice market remained at a standstill during the last week shortened by the New Year and royal wedding holidays. No new contracts were reported either on government to government or commercial basis. Before the holidays, routine enquiries were received from Europe and
      345 words
    • MONEY AND EXCHANGES
      • 584 8 INTEREST rates for overnight funds fell sharply In the Singapore domestic money market yesterday and closed at 2* per cent from the morning's high of 13 oer cent. Opening at six to Gft per cent, the rates shot up to 13 per cent where a large part of business
        584 words
      • 164 8 Asian rates ASIAN currency deposit interbank rates as at close on Jan 4. t'S Dollar* (Spot) Offer Bid 7 days 1 mth 2 mths 3 mths mths S mths 12 mths 4 15/18 4 13/16 4 15/16 4 13/16 5 4 7/8 5 1/16 4 15/16 5 3/8 5 1/4
        164 words
      • 47 8 RANOE of price* offered by discount houses on Jan 4 Overnight 2 to 3H O&U deposit 2 to 3S llMl Buy SHIlM 3-Month Treasury bills 3 2 7/B 3-Month Bank bills «i/a 4 3-Month CD 47/16 41/4 6- Month 43/4 4S/a Source: National Discount Co
        47 words
      • 57 8 Minimum lending rates (in ACBC First Chicago .6^ Algemene Bank .6* Citibank Bangkok Bank .7* HSBC 7 Bank of America 6* Indosuez 6* Bank of China .7 Malayan Banking 6* Bank of Tokyo .6*. Mitsui Bank 6*. Bank Negara ocbc Indonesia .7* OUB 8*. Chartered Bank .6* UCB 7 Chase
        57 words
      • 220 8 LONDON. Tues. The dollar weakened against sterling and the main European currencies, extending its retreat In Europe and the US. Sterling climbed to 91.7065/ 75 from 91.7010/20 In London last Friday and 91.7030/40 in New York overnight. Sterling's advance reflected the US currency's weakness, rather than any specific support
        220 words
      • 107 8 NEW YORK. Mon. The dollar closed weaker than on Friday after falling sharply In Europe and extending the losses In thin trading here, dealers said. Dealing was subdued, with British and Canadian foreign exchange markets closed, although trading from Germany and Switzerland via New York was active, they
        107 words
      • 235 8 HONOKONO, Tues. The US dollar was quoted in late dealings at HK54.6150/6180 compared to Monday's close of 4.6560/6600 but above the day's lows of 4.6100/6200, dealers said. The US unit fell back throughout the day in a thin market under the Influence of a generally weaker trend for the
        235 words
      • 82 8 TOKYO, Tues. The US dollar for overnight delivery closed lower at 291.85 yen compared with 292.80 at the opening and 293 at the close on Dec 31, reflecting a rise In the value of the yen overseas and Increased local selling of dollars, dealers said. Dollars for immediate delivery
        82 words
      • 150 8 Euro rates LONDON, Tues. Eurodollar deposits opened slightly easier where changed, with a slow start reported following the New Year recess, dealers said. Periods showed little change from openings although a slightly offered tendency was noted, with funds tending to come In the middle of quoted ranges. Some unwinding of
        150 words
      • 40 8 ZURICH exchanges quoted on Jan 4. US 2.4420-4427 UK 4.1595-1640 Can 2.4250-4270 W Germ 104.13-21 Neth 99.09-100.09 France 49.46-50 Belg 6.81-1/2-82-1/2 Denm 42.36-39 Norw 47.39-43 Swed 59.46-51 Italy 0.2788-2792 Austria 14.65-68 Port 7.73-79 Spain 3.57-1/2-58-1/4 Arg 0.85-1.00 Japan 0.83-1/2-84
        40 words
      • 31 8 FRANKFURT exchanges quoted on Jan 4. US 2.3400/20 Can 2.3230/50 UK 3.990/4.005 Neth 95.90/96.05 Swltz 95.85/96.00 Italy 2.670/685 France 47.40/55 Norw 45.50/60 Belg com 6.545/560 Belg fin 6.58/59 Japan 0.8010/30
        31 words
      • 39 8 AUSTRALIA/NZ exchanges quoted on Jan 4. Australia: Sterling 0.6421 0.6346 US dollar 1.0898 1.0850 Ninety-day air mail buying rates: Sterling 0.6740 US dollars 1.1160 Ninety-day forward buying rates: Sterling 0.6618 US dollars 1.0946 New Zealand:- Closed (Public holiday)
        39 words
      • 283 8 LONDON. Tues. Eurobonds were generally firmer where changed in moderate to active trading, dealers said. US issues gained around to point, especially among newer issues, and dealers cited professional short-covering, shortage of new issues and the easier tendency of US short term interest rates among factors influencing the
        283 words
    • 288 8 LONDON, Tues. Terminal values at the end of the opening call were £20 to £37 up from the Dec 31 close after new life of contract highs had been established In all positions except Spot Jan which was untraded. Most positions by end-call were trading below the new highs
      288 words
    • 171 8 LONDON, Tues. Terminal sugar had opening call gains from Dec 31 of £2 (near March at £122.25) to £0.15 per tonne. The market was generally quiet but steadier based on New York, dealers said. As from Tuesday, the London dally price (both Raws and Whites), Incorporating freight, Insurance and
      171 words
    • 122 8 CHICAGO, Mon. Wheat futures flnlsed the session with losses of 3 1/4 to 2 3/4 cents a bushel. Prices declined early on speculative selling generated by the forecasts of heavy snow over the Central Plains and weaknesses In other pits. Commercials appeared on both sides of the trade. Corn
      122 words
  • Page 8 Advertisements
    • 452 8 You have only one face make the best of it Advice from Business limes. 'your corporate face isn 't as good as it could be Business Times can help change it for the better. Fe\ v people place their trust in a total stranger. This has to be one of
      452 words

  • TRANSPORT AND COMMUNICATION
    • 440 9 Financial Times LONDON, Tues. The new Ftover 3500 has beaten off stiff competition from the revised Audi 100 and the Ford Fiesta to collect the coveted Car of the Year award for British Leyland. The award, based on the votes of 49 European motoring journalists, will
      Financial Times  -  440 words
    • 695 9  -  PROJECTS UNDERTAKEN MUST BE DEVELOPED By TERESA LIM NEPTUNE Orient Lines' (NOL) priority for the new year is to make sure that investments undertaken in 1976 are developed and consolidated. "In 1977," said Mr. Goh Chok Tong, managing director of NOL. "we
      695 words
    • 403 9 Financial Times AMSTERDAM. Tues. A top level delegation from Fokker. the Dutch aircraft manufacturer, is to visit Japan at the end of this month or early next month to discuss the sale of Fokker F-28 aircraft to TOA domestic airlines. Fokker said
      Financial Times  -  403 words
    • 179 9 UPI PHILADELPHIA, Tues. The Federal Aviation Agency has had Its best accident record In commercial aviation ever In 1976, US Secretary of Transport William Coleman said on Saturday. Mr. Coleman said 45 people were killed In US commercial aviation accidents In 1976, compared to 124
      UPI  -  179 words
    • Article, Illustration
      407 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Emma Bakke (after Teocrates) 1/2 Frledrlch Engels (T/L) (after Bunga Angsana Shinryu Maru) (Departure Draft 9.8 m) (Req. Starboard to) 38/39 Howell Lykes (after Mtsensk) (Departure Dr. 9.1 m) 3/4 Margrethe Maersk (after Bunga Melor) 8/9 Ocean Btelgeuse (JIJJ) (0600 after Cerro Grande)
      407 words
    • 55 9 AP WASHINGTON, Tues. US Transportation Secretary William Coleman briefed President Ford at the White House yesterday on the recent oil spills in American waters and what can be done about such incidents. The White House had no Information on the 50*mlnute meeting except that it had been
      AP  -  55 words
    • 54 9 Reuter BANGKOK, Tues. The Royal Thai Navy announced here It will build a large 2,000-acre navy base In Pang-Nga province of southern Thailand. A navy spokesman said yesterday the base will boost Thailand's defence line facing the Andaman Sea. Construction of the base will begin later this
      Reuter  -  54 words
    • 296 9 AP PHILADELPHIA, Tues. Transportation secretary William Coleman said on Saturday the United States, in the absence of an international treaty, might have to impose unilateral shipping standards to prevent future oil spills in US waters. Mr. Coleman told a news conference that an
      AP  -  296 words
    • 606 9 ARRIVALS i Service Operator Number Local Time From Jh b. times page 9 dally aircraft 4.50 pm TMA TL304B MAS MH682 PAA PA841 CAL CI816 JAL JL712 SIA SQ211 CPA CX710 GIA QA980 THAI TG423 THAI TO 981 OIA OA908 PAL PR501 RBA BI325 SIA SQ201 SIA
      606 words
  • Page 9 Advertisements
    • 383 9 peiias#kiee(| |Esp iSrL— K 4r >mfiSSSmS*W-iVSr. f m *vsg PissiM l^isSihi the child of today Is more involved. SSS More aware. And must learn 50% more than a child 20 years ago. That's precisely why yesterday's reference works can't really satisfy his needs. He jHKSjQj needs a totally new system
      383 words

  • 561 10  -  By DONALD MAY A NEW President and new Congress are about to tackle two of America'* most perplexing problem* unemployment and taxes. All tile familiar issue* again are open for debate: What level of joblessness is acceptable? How should the tax burden be divided?
    561 words
  • 2090 10  -  By J.I.E. MIZRAHI THE main lesson to be drawn from recent International economic trends Is that the current world upswing Is unlike all other post-war recoveries. This time round the pace of economic advance at the Initial stage of recovery has been slower
    2,090 words
  • 345 10 I.KTTKR TO l lli: 11)1 row I AM not sure that I agree with the conclusion of Anthony Rowley's article (Business Times, Dec 28) on the merchant banks. Asset levels are only one indicator of the level of merchant banking business. I think that their slower
    345 words
  • Page 10 Advertisements
    • 496 10 HOW TO I SURVIVE THE SLU Business Management in Penguins [The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. This book is about the efforts of poor nations to gßin some control over their own economies and the
      496 words

  • 330 11 Reuter PRETORIA, Tues. British envoy Ivor Richard, apparently buoyed by what he called "useful, helpful and constructive" talks with South African Prime Minister John Vorster, left here for Botswana today on the next stage of his Rhodesia peace mission. In the Botswana capital
    Reuter  -  330 words
  • 205 11 UPI TOKYO, Tues. Japan will i step up economic aid to the flve-membtr Asean In the future In view of decreasing Interest shown to the region by the United States and the Soviet Union, Foreign Ministry sources reported today. The sources said the United
    UPI  -  205 words
  • 355 11 AP Reuter SEOUL, Tues. South Korean President Park Chung-hee plans a massive shake-up of his diplomatic corps including changes of ambassadors to the United States and Japan and a new foreign policy offensive in Africa, the Hapdong News Agency said today. The report quoted
    AP; Reuter  -  355 words
  • 279 11 KUALA LUMPUR, Tue Foreign investors in Malaysia arc adopting a "wait and soe" attitude to the promises made by Datuk Hamzah Abu Samah the Minister of Trade and Industry, offering them a package deal which would reduce their worries about difficulties of getting
    279 words
  • 163 11 KUALA LUMPUR, Tues. Mr. Justice Eutoffee Abdoolcader has confirmed that he will deliver hit judgment on the Bank Rakyat case on Jan 24. The date was disclosed today by the High Court Deputy Registrar, Abdul Harnid bin Haji Mohamed. In the case, Datuk Harun
    163 words
  • 101 11 Reuter TOKYO, Tues. Japan's gold and foreign exchange reserves fell In December for the first time In a year, the Finance Ministry-an-nounced today. The reserves dropped by US$l2l million (*****.4 mil- lion) to $16.60 billion at the end of the month, the first fall since
    Reuter  -  101 words
  • 526 11 NYT WASHINGTON, Tues. Israel, seeking to lessen its complete dependence on the United States, has informed the Ford Administration that it would like to use some American military aid to build up its own arms industry. According to American and Israeli sources, Defence
    NYT  -  526 words
  • 406 11 Reuter LONDON, Tues. Millions of Britons return to work today having enjoyed an extended 10-day Christmas and New Year holiday to the full some say too much. Leading businessmen have complained that, in the country's enduring economic crisis, it was no time for
    Reuter  -  406 words
  • 302 11 Reuter NEW DELHI, Tues. Most of the articles of a parliamentary bill that make the most fundamental changes to the constitution since India became a republic In 1950 came Into force today. The government Issued a notification under which 36 articles of the 59-clause
    Reuter  -  302 words
  • 728 11 Reuter JAKARTA, Tues. Foreign industrial Investment In Indonesia has now passed the US$5 billion (SSI2.2S billion) mark and Is still Increasing, but businessmen here predict the pace will slow down this year. A spokesman for the Investment Co-ordination Board told Reuter today that some
    Reuter  -  728 words
  • 197 11 UPI CANBERRA, Tues. The Government has asked the Soviet Embassy to arrange for the departure of a Russian ship anchored illegally In Australian waters, a Foreign Affairs Department spokesman said today. The spokesman said the Soviet hydro-meteo-rological research ship, Valerian Yuryvaev, has been anchored
    UPI  -  197 words
  • 23 11 UNITED Malayan Banking Corporation filed a suit in the High Court yesterday against Mr. Francis T. Seow for $220,511.88.
    23 words
  • 476 11 'PLO MUST BE INCLUDED' TERM UPI CAIRO, Tues. President Anwar Sadat appears to have hardened Egypt's negotiating position on a Middle East settlement, warning that Arabs would boycott the Geneva peace conference unless the Palestine Liberation Organisation was Invited to attend along with Israel.
    UPI  -  476 words
  • 383 11 KUALA LUMPUR, Tues. The third Asean economic ministers conference to be held In Manila this month will clear the way for the restructuring of economic co-operation machinery, launching of the agreed industrial projects and introduction of preferential trading arrangements. The director-general of the
    383 words
  • 211 11 Reuter BANGKOK, Tues. Booby trap* have been hampering government troop* in their efforts to reach a communist guerilla camp in the Sadao district of southern Thailand, newspaper reports said here. The camp was hit by rochet-firing helicopter gunships last week in a joint operation
    Reuter  -  211 words
  • 223 11 UPI MANILA, Tues. Philippine sovereignty and territorial Integrity would be retained In the creation of a proposed autonomous Muslim region In the southern Philippines, the head of the government panel in negotiations with Muslim rebels said today. Defence Undersecretary for Civil Relations Carmelo Barbero said
    UPI  -  223 words
  • 153 11 AP MANILA, Tues. President Marcos yesterday disclosed a new four-year development plan designed to disperse industrial activities to the countryside and develop the rural sector. In a speech at the 30tn year anniversary celebration of the Development Bank of the Philippines last night, the 59-year-old leader said his
    AP  -  153 words
  • Page 11 Advertisements
    • 640 11 SEE THIS PAGE APPOINTMENTS Required for projects in the Middle-East Countries. 1. ENGINEERS (Civil/Structural): With minimum 5 years site experience for the supervision of interesting projects like hotels, multi-storey flats, bridges, highways, factories etc to work with a large and expanding Civil/Structural engineering contractors. 2. SITE FOREMEN: With at least
      640 words

  • 259 12 THE elections subcommittee of the Chinese Chamber of Commerce decided yesterday that nomlnatfons to the management committee must be made in the week beginning Monday. Voting will begin on Jan 24 and will close on Feb 5. The votes will be counted on Feb
    259 words
  • 33 12 UPI BERLIN, Tues. Communist authorities barred about 7,500 West Berllners from visiting East Berlin and East Germany between 1972 and 1976, The West Berlin Society for Human Rights said yesterday.—UPl
    UPI  -  33 words
  • 761 12 LONDON, Tues. The close was moderately higher in active trading. Investor optimism over the economic outlook and lower Interest rate possibilities extended the recent bullish trend but stock shortage accentuated advances, dealers said. At 3 p.m. the Financial Times Index was up 0.2 at 303.9 having touched 364.2.
    761 words
  • 558 12 A POSSIBLE doubling of demand for digital watches in America, and important changes in Fairchlld's production and marketing strategies, make 1977 a promising year for Fairchild's wholly-owned Singapore subsidiary. Exetron CPG. The companv already makes between 80 and 90 per cent
    558 words
  • 188 12 INTENSIVE competition for middle income buyers by the Housing and Urban Development Co (HUDC) and the effects of the economic recession have caused private developers to hesitate from proceeding with their proposed development projects. Instead they have renewed their call to
    188 words
  • 177 12 THE deadline for applying for a licence to operate a travel agency has been extended for another five day*. The original doting date was Dec 31, but owing to numerous requests from travel agents to accept late entries (which they blamed on the
    177 words
  • 98 12 THE Port of Singapore Authority (PSA) Training Department will be offering two courses, "Introduction to Work Study" and "Improving Office Efficiency", to members of the public. The course on Work Study Is designed to give supervisory and clerical personnel an Insight Into work study
    98 words
  • 385 12 UPI HONGKONG, Tues. The father of China's nuclear bomb says the country's scientific and technological progress was impaired by wanton attacks on scientists by the "Gang of Four." Despite this obstruction and the withdrawal of Soviet support for the Chinese nuclear weapons development programme, Mr.
    UPI  -  385 words
  • 595 12 THE Institute of Banking and Finance's announcement yesterday, that it will undertake Stage 1 of the restructured Assoclateship, Institute of Bankers examination in Singapore. Is seen as a move to upgrade the level of local candidates. More local supervision, said Mr. Tan Choon
    595 words
  • 175 12 ONLY 19.077 shares of the rights issue of one-for-two at MSI of Bovis South-east Asia has been taken up by shareholders, leaving 14.13 million shares In the hands of the underwriter, P and Q Asia (Holdings). This means that Bovis' ultimate parent, Peninsular and- Oriental
    175 words
  • 171 12 HEWLETT-PACKARD Singapore has announced a 30 per cent reduction In the price of the semi-conduc-tor memory used In its small computers. According to Mr. Herbert Rost, general manager of the sales department in Hewlett-Packard Singapore, the reduction is in line with the company's aim to pass
    171 words
  • 35 12 AP KUALA LUMPUR. Tom. Hie National Pad! and Rice Authority plana to import about 200,000 tonnes of rice thia year from Thailand, Burma, China and other countries, director-general Yahaya Wahab said today.
    AP  -  35 words
  • 197 12 KUALA LUMPUR, Tues. The MCA expects Its membership to reach the 400,000 mark by August this year. A record number of new membership applications and renewals or existing memberships have been received by Its headquarters over the last few months. It's acting Chief Executive
    197 words
  • 257 12 KUALA LUMPUR, Tues. The Reconditioned Battery Dealers Association of Malaysia has complained that the 15 per cent reduction In the price of the product will affect Its members' business adversely. The new rate will come Into force on Jan 10. Its 200 licensed recondltloners have
    257 words
  • 335 12 IF the shipbuilding industry in Singapore is to grow, there must be back-up industries to manufacture marine equipment and related parts required in shipbuilding. "Hitherto," said Mr. Lawrence Mah, managing director of Singapore Slipway and Engineering, "we have relied almost exclusively on importing machinery and equipment
    335 words
  • 292 12 KUALA LUMPUR, Tues. Malaysian crude oil Is now fetching U8113.47 (5533.00) a barrel on the world market, an increase of just under five per cent from Its previous high of U5512.90. Oil Industry sources said today that the Increase Is based on the
    292 words
  • 102 12 AP JAKARTA, Tues. Indonesian Ambassador to Hanoi, Mr. Hard! said today Indochinese countries want to establish economic cooperation based on bilateral relations with Indonesia and other members of Asean. "Despite the unfriendly attitude shown by Laos and Vietnam delegates In the non-aligned meeting in Colombo last August,
    AP  -  102 words
  • Page 12 Advertisements
    • 22 12 Executive's Lunch Special Roast from our Silver Watt'on f ■M V~-i L m i y <rz For reservations, Tel: ***** Ext. 156/157
      22 words
    • 193 12 T i "T rti MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all importont sectors of the economies of countries in East and Southeast Asia.
      193 words
    • 3 12 See Page II
      3 words