The Business Times, 6 January 1977

Microfilm: NL8986
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, JANUARY 6, 1977 50CENTS
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  • NEWS IN BRIEF
    • Article
      Peacock for S'pore
      46 1 THE Australian Foreign Minister, Mr Andrew Peacock, will make a three-day official visit to Singapore beginning on Jan 19. During his visit, Mr. Peacock will call on the Prime Minister, Mr Lee Kuan Yew, and hold discussions with Foreign Minister Mr. S. Rajaratnam.
      46 words
    • Article
      Students held
      38 1 KUALA LUMPUR, Wed. Thirty-four students have been arrested under the Internal Security Act, deputy Education Minister, Mr. Chan Slang Sun, told the Dewan Negara today. Fifteen of them had already been given unconditional releases, he added.
      38 words
    • Article
      Lock icon Air France strike
      59 1 AP PARIS, Wed. Air France flight crews wilt stage a 24-hour strike on Jan 10 to protest closures of some routes and the "general policy of recession" In the company, the French national airline pilots union announced today. They are also protesting the sale of older Boeing
      AP  -  59 words
    • Article
      Lock icon Quake in Iran
      50 1 UPI TEHERAN, Wed. The port city of Bandar Abbas on the Persian Gulf was rocked by a "fairly severe" earthquake today measuring 5.2 on the Rlchter scale, the Earthquake Research Centre In Teheran said. The quake occurred at 9.14 am. (0544 gmt) and lasted 15 seconds. UPI.
      UPI  -  50 words
    • Article
      Lock icon Seoul exports up 50 pc
      31 1 Reuter SEOUL, Wed. South Korean exports last year rose by 49.6 per cent from 1975 to US$B,l2O million (S$ 19,894 million), according to government statistics. Reuter.
      Reuter  -  31 words
    • Article
      Lock icon Israeli polls date
      35 1 Reuter JERUSALEM, Wed. Israel's Parliament formally decided today that general elections will be held on May 17. The elections follow the resignation last month of Prime Minister Yitzhak Rabin's Labour-led coalition. Reuter.
      Reuter  -  35 words
    • Article
      Lock icon Osano to be charged
      75 1 Reuter TOKYO, Wed. A millionaire businessman, Mr. Kenji Osano, is to be charged with involvement In the Lockheed bribery scandal, Justice Minister Hajlme Fukuda said today. Last month, government investigators searched the home of Mr Osano, a 59-year-old owner of public transport, taxi, hotel and housing
      Reuter  -  75 words
    • Article
      Lock icon Below the estimate
      52 1 Reuter TOKYO, Wed. The overall oil price rise for Japan, caused by the recent two-tier price increase by members of the Organisation of Petroleum Exporting Countries (OPEC), is now likely to be somewhat less than the existing estimate at 7.2 per cent, the Japan Petroleum Federation said
      Reuter  -  52 words
    • Article
      Lock icon Dow Jones
      43 1 UPI NEW YORK, Wed. Dow Jones averages, based on first hour of trading today on the New York Stock Exchange: 30 Indus 986.54, down 1.33; 20 transp 234.87, down 0.59; 15 utils 107.84, down 0.19; 65 stocks 321.05, down 0.55. UPI
      UPI  -  43 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      203 1 LACK of follow-through support caused share prices to end mixed at the Stock Exchange of Singapore yesterday following the firm closing on Tuesday. The Business Timex index fell 1.97 points to 275.24 while the Straits Times Industrial average was fractionally lower at 257.58. Rises Most active Paper
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    • Article
      In Kuala Lumpur
      109 1 Foils Most active Raleigh $1.90 -.18 Pan Electric 210,000 O.C.B.C. $8.10 -.15 Haw Par 129,000 A. Httam Tin $11.30 -.10 Perils Plant 117*000 B. Kawat Carlsberg Gen ting Pan Elect DBS. Rises Jardlne Rahman Hyd. M. Flour Malex PMC. Perils Prima $1.59 $3.45 $3 14 $2.23 $4.06
      109 words
  • Article
    Receivers to take over Cho's FEP
    1432 1  -  FIRM OWES UMBC $6.5 mil By QUEK PECK LIM UNITED Malayan Banking Corporation (UMBC) has served notice on Far Eastern Publishers (FEP.) International Ltd that it will be put Into receivership. A notice of appointment of receivers was filed with the Registrar of Companies
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  • Article
    Lock icon STRAITS TIN PRICE UP
    97 1 Reuter KUALA LUMPUR, Wed. The Straits tin price In Penang rose Ms3-'4 per picul to $1.324-today on a turnover of 351 tonnes. Dealers said the market firmed further on strong buying support with sentiment strengthened by the overnight rise in London and Europe. They said the
    Reuter  -  97 words
  • Article
    OTC confirms lay-off but not the figure
    373 1 OVERSEA Textile Co. has confirmed that a substantial number of Its workers has been laid off but denied that the figure is as high as 500 or more than 25 per cent of existing staff. An OTC spokesman said that the company had
    373 words
  • Article
    LITRONICS TO FOLD UP
    241 1 AFTER five years in Singapore. Lltronlcs Singapore is to close down, with the winding up operations expected to be completed by end-March. A company spokesman said yesterday that Lltronlcs is cutting down Its operations In the region because of the depressed market In the US and
    241 words
  • Article
    Lock icon $15 mil loss a day
    215 1 AP TEHERAN, Wed. Iran i. losing more than 40 per cent of its expected oil sales for 1977 more than USf 6 million (SfU.7 million) per day because of price undercutting by Saudi Arabia and the United Arab Emirates, the National Iranian Oil Company said
    AP  -  215 words
  • Article
    Dr. Tan, Sha'ari's plans for the future
    206 1 BOTH Dr. Augustine Tan and Hajl Sha'arl Tadln, who were dropped from the Government, say that they will use the extra time now available to them to pursue projects that they have always wanted to do. Dr. Tan, who is an Associate Professor
    206 words
  • Article
    Review man charged
    91 1 "HE Far Eastern Economic rie view's correspondent, Ho Kwon Ping, was yesterday charged In a magistrate's court with disseminating protected information without the consent of competent authorities. The specific charges revolved around an article in the July 23 issue of the magazine entitled "Washington aids Asean bulld-up'
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  • Article
    Lock icon Sterling day
    56 1 Reuter LONDON, Wed. Sterling today extended foreign exchange market gains made after Monday's formal apEroval of the International lonetary Fund's U853.9 billion (559.55 billion) loan to Britain. By mid-day, the British currency had advanced more than one quarter of a cent to $1.7120. helped by more hopeful signs
    Reuter  -  56 words
  • Article, Illustration
    Lock icon Slater starts his fight against extradition
    973 1 Reuter LONDON, Wed. Jim Slater, the successful British financier of the sixties, today faced a London magistrate to fight an extradition request brought by the Singapore Government Slater, 47, who founded and headed the multl-* million sterling Slater Walker securities, and his one-time colleague
    Reuter  -  973 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      25 1 Colour TV is simply great SEE BACK PAGE INSIDE Overseas news/ TV Radio Overseas news Local Co news International Co news Local stocks Overseas Stocks
      25 words
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      Page 1 Advertisements Column 2
      103 1 SEE PAGE 8 Increase your capital through Industrial LiuTi^rrPT Take advantage of Hong Leong 's Industrial Hire Purchase service. To buy valuable machinery or equipment without tying up too much capital. Hong Leong has a range of flexible plans to meet every company's requirements. Terms are reasonable and interest rates
      103 words
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      Page 1 Advertisements Column 3
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  • OVERSEAS
    • Article
      Lock icon 'Stockpile idea in lieu of cash aid for the poor'
      363 2 Reuter LONDON, Wed. Rudolf Wolff and Company suggests In Its latest metal market report that richer nations providing financial aid to the poorer countries might help maintain the price of poorer nations' products by stockpiling, Instead of giving aid In
      Reuter  -  363 words
    • Article
      Lock icon Bumper harvest in Russia
      75 2 Reuter MOSCOW, Wed. The Soviet Union today announced a record grain harvest of 223.8 million tonnes for 1976. The figure, given at a press conference here by Soviet Agriculture Minister Valentin Mesyats. was 1.3 million tonnes higher than the previous recoil in 1973. The bumper harvest
      Reuter  -  75 words
    • Article
      Lock icon British control system for use in Soviet bomber?
      409 2 CONTRACT WITH LUCAS WORTH $4.1 m UPI WASHINGTON, Wed. The British Government plans to sell the Soviet Union a control system for Jet engines that has apparent applications to the Russian Backfire bomber, according to US Air Force sources. The proposal involves
      UPI  -  409 words
    • Article
      Lock icon US may impose stiffer tanker safety laws
      316 2 UPI WASHINGTON. Wed. The US Senate commerce committee will hold hearings into a shipping disaster in which a Liberian registered tanker ran aground off New England and dumped 24,785 tonnes of oil into the ocean, it was announced yesterday. Committee chairman Warren Magnuson
      UPI  -  316 words
    • Article
      Lock icon 1976 — New York's best for tourists
      186 2 1976 New York's best for tourists NYT NEW YORK, Wed. The record* of the New York Convention and Visitors Bureau show that 1976 was one of the best years ever for the city's tourist industry. Mr. C. Gillett, President of the Bureau, reported that the hotel occupancy rate in the
      NYT  -  186 words
    • Article
      Lock icon DRINKS — A BIGGER THREAT THAN STRIKES
      175 2 DRINKS A BIGGER THREAT THAN STRIKES Reuter LONDON. Wed. Excessive drinking was a bigger threat to British industry than strikes or stoppages, a report by the National Council on Alcoholism indicated yesterday. The report by a council study group, which Included doctors working In government and Industry, said company directors
      Reuter  -  175 words
    • Article
      Lock icon More orders for US
      51 2 AP WASHINGTON, Wed. The value of new orders received by American manufacturers showed the biggest jump in eight months for November the US Government reported yesterday. The Increase was accompanied by signs that a surge in shipments of manufactured goods enabled factories to stabilise their Inventories.
      AP  -  51 words
    • Article
      Lock icon An early British, US summit unlikely
      187 2 Reuter PLAINS, (Georgia). Wed. A top aide of President-elect Jimmy Carter said yesterday an early British-US summit meeting was "not consistent with what we know". The aide was commenting privately on reports from London that Prime Minister James Callaghan would meet the incoming President
      Reuter  -  187 words
    • Article
      Lock icon Trade gap widens
      68 2 Reuter COPENHAGEN. Wed. Denn.ark's balance of trade deficit in November rose to 1.96 billion crowns from 1.60 billion in October against a deficit of 1.57 billion in November 1975, the Central Bureau of Statistics said. Imports in November 1976 totalled 7.04 billion crowns compared with 5.81 billion
      Reuter  -  68 words
    • Article
      Lock icon Carter's guidelines for avoiding conflicts of interest
      656 2 NYT AMERICUS, (OA). Wed. President-elect Carter issued broad guidelines yesterday designed to limit conflicts of interest in his administration and at the same time announced that he would attempt to avoid any personal conflicts of Interest by placing the bulk of his financial
      NYT  -  656 words
    • Article
      Lock icon Pan Am or TWA? It is now in Ford's hand
      266 2 UPI WASHINGTON, Wed. President Ford will decide shortly whether or not to permit Pan American Airways to fly the Guam-Okinawa-Taipei-Hongkong route In place of Trans World Airlines, administration sources said yesterday. The administration sources said the Civil Aeronautics Board (CAB)
      UPI  -  266 words
    • Article
      Lock icon Amnesty team: Reds left but
      265 2 Reuter MADRID, Wed. Spanish opposition leaders avoided a clash with the government by leaving the communists out of a four-man team which will negotiate a new political amnesty and legalisation of all political parties with Premier Adolfo Suarez. Nine opposition leaders, including Communist Party chief
      Reuter  -  265 words
    • Article
      NEED FOR FRENCH GDP GROWTH TO CUT JOBLESS
      348 2 PARIS, Wed. France'i real Gross Domestic Product will need to grow an average 5.7 per cent a year to reduce unemployment to 600,000 in 1980 from last November's total of 1.04 million, the National Statistics Institute said. In its latest monthly review,
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    • Article, Illustration
      Lock icon First meeting between Vance and Soviet envoy
      509 2 UPI AP WASHINGTON, Wed. Mr. Cyrus Vance met yesterday with the Soviet Ambassador for the first time since being named the next Secretary of State, and both officials said they hoped for a summit meeting to seal a new arms agreements. Secretary of
      UPI; AP  -  509 words
    • Article
      Lock icon Longest Aussie gas pipe finally ready
      365 2 Reuter SYDNEY, Wed. The construction of Australia's longest pipeline has been completed more than two years behind schedule and at more than .twice the original estimated cost. The 1,350 km pipe, bringing natural gas from the Moomba field In the state of South Australia
      Reuter  -  365 words
    • Article
      Lock icon Canadian textile quota: HK to lodge protest
      192 3 Reuter HONGKONG, Wed. A protest over Canadian action in restricting textile imports this year is expected to be filed shortly with the textile surveillance body in Geneva, alter a meeting of Hongkong's Textile Advisory Board, a Department of Commerce and Industry (DC!) official
      Reuter  -  192 words
    • Article
      Lock icon New factory orders up
      81 3 Reuter WASHINGTON, Wed. New US factory orders rose one per cent to a seasonally adjusted US$lOO.B9 billion in November from U5599.7 billion in October, the Commerce Department reported. Comparisons for earlier months are not applicable because of a major change of the series announced by the
      Reuter  -  81 words
    • Article
      Lock icon Aussie money inflow
      68 3 Reuter SYDNEY.Wed. The Reserve Bank said its gold and foreign exchange holdings showed a net rise of A 569.5 million to A 52.73 billion in the fortnight ended Dec 29. The figures showed the rate of capital inflow following the devaluation of the Australian dollar on Nov
      Reuter  -  68 words
    • Article
      Lock icon Sol devalued
      39 3 AP LIMA, Wed. Peru's Central Bank devalued the sol yesterday for the 22nd time since Sept 19. fixing the new value of the currency at 69.66 to the US dollar. from the previous rate of 66.37. AP.
      AP  -  39 words
    • Article
      Lock icon Brazil's coffee profit will exceed $5.5 bil
      509 3  -  RECORD-SHATTERING SALES LAST YEAR RIO DE JANEIRO UPI BRAZIL will announce a re-cord-shattering coffee profit in a few days and officials are smiling at the groundswell of coffee boycott by some consumers. The Brazilian Coffee Institute is expected to release the official figures
      UPI  -  509 words
    • Article
      Lock icon Consumer boycott no effect on prices
      423 3 AP NEW YORK, Wed. A consumer boycott aimed at countering the high price of coffee in North America is slowing some coffee drinkers but has had no effect on steadily climbing costs. The boycott, begun last month by New York City Consumer Affairs Commissioner
      AP  -  423 words
    • Article
      Lock icon Kuwait assures no cut in oil output
      190 3 KUWAIT, Wed. AP KUWAIT'S Minister of State for Cabinet Affairs. Abdul Aziz Hussein, yesterday denied reports that Kuwait is considering cutting back its oil production. "We will not cut down production since we are already operating, much below our production capacity." said Mr.
      AP  -  190 words
    • Article
      Lock icon Dearer Russian goods, fares
      141 3 UPI MOSCOW, Wed. The Soviet Union announced price increases yesterday for taxi and air fares and an assortment of goods, including books, glass and carpets. The Soviet State Prices Committee said at the same time that the prices of basic commodities were remaining stable and some
      UPI  -  141 words
    • Article
      Lock icon German industrial output falls
      119 3 Reuter BONN, Wed. West German industrial production fell an adjusted one per cent in November from October, the Economics Ministry said. The seasonally adjusted production Index was down to 112, base 1970, from October's 113 (revised from 114) and 112 in September, the ministry said. The
      Reuter  -  119 words
    • Article
      Lock icon Inflation will be 7.5 pc
      164 3 Reuter PARIS, Wed. The >Utecon trolled Credit Lyonnais Bank forecast French inflation will he 7.5 per cent this calendar year compared with the government norm of 6.5 per cent. In its monthly economic note* it said a setback for the government's fight against inflation could
      Reuter  -  164 words
    • Article
      Lock icon Govt to help French steel industry
      172 3 Reuter PARIS, Wed. President Valery Giscard d'Eitaini •aid he expects the government to contribute two billion francs in aid to the French steel industry. The French President, meeting journalists informally at a New Year reception, was ashed to comment on a suggestion made on
      Reuter  -  172 words
    • Article
      Lock icon Slower growth in Europe, say US experts
      533 3 Reuter NEW YORK. Wed. West European economies as a whole will grow slightly more slowly this year than last against a background of gradually falling inflation but persistently high unemployment, economists here said. Governments will introduce moderately restrictive economic policies to reduce price
      Reuter  -  533 words
    • Article
      Lock icon Italian unions reject wage proposals
      178 3 Reuter ROME, Wed. Italian union leaders have rejected government suggestions of a three-month postponement In payment of inflation-linked wage Increases due from February, under the Scala Mobile Indexation System, union sources said. Confederational secretary of the communist-led Ogil Union Elio Glovannini told reporters the unions
      Reuter  -  178 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      92 2 FURNITURE FCP THE BQD/ CORPOfATE Corporate Office Furniture. All business and good looks Managerial Suites. Executive desks and chairs. Secretarial set-ups. Filing cabinets. Typing trolleys. Custom Storage Units. All integrated. All classy. A complete range. And real value for money. DIETHELM .Your business is looking good! You are invited to
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      359 2 *1 i»ia: m. !M M 5 i WEATHER report for 24 hours prior to 7.30 p.m. on Jan 5 at Singapore airport: Maximum temperature 30.1 Associated humidity 72 Minimum temperature 23.0° C Associated humidity J 00 Hours of sunshine 5.00 Rainfall in millimetres 21.3 Total rainfall for the month 42.9
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      473 3 Have you noticed how Bedford trucks keep on turning up in places where there's hard work to be done? BEDFORD TRUCKS AT CHANGI INTERNATIONAL AIRPORT Look at some of the toughest, roughest jobs going on around town today and you're bound to see Bedford trucks. In just about the biggest
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  • COMPANY NEWS
    • Article
      Further slide
      428 4 ELECTRICAL AND ALLIED INDUSTRIES ELECTRICAL and Allied Industries appears to be still suffering from the debilitating effects of the economic recession which hit the company in 1975 when It suffered from low consumer demand, higher costs and competitive prices. Following the 63.5 per cent decline in 1975/76 pretax
      428 words
    • Article
      Pan-Electric allocation
      144 4 PAN-ELECTRIC Industries was allotted 1.87 million $1 shares by whollyowned Pan-Electric Appliances on Dec 15, 1976 for transferring its electrical appliances manufacturing and marketing business and facilities to It. This was disclosed by the company In a recent letter to the Stock Exchange of Singapore. In February 1976,
      144 words
    • Article
      FE Hotels' ships deal still uncompleted
      334 4 FAR Eastern Hotels Development has yet to complete the purchase of the first two of the four ships deal contracted in May this year because It is "presently not In a position" to do so. This was disclosed by the company in a letter
      334 words
    • Article
      Taiping Text
      85 4 TAIPING Textiles has sold for cash Its holding of 75,000 shares of Msl each In Texchem Malaysia to DIC (Malaysia) at par. Announcing the sale, Taiping says Texchem has not commenced operation as the construction of its factory building and erection of machinery have been delayed. It has
      85 words
    • Article
      PEOPLE EN BUSINESS
      79 4 MR. H.A. Howell will be appointed managing director for Guinness Malaysia with effect from March. He will succeed Mr. E.S. Palmer who will be returning to UK to become a director of Outness Overseas In London. Singapore Ceramics (formerly Malaysia Tile Manufacturing) has announced the resignation of
      79 words
    • COMPANY MEETINGS
    • Article
      Genting directors head for UK on an undisclosed mission
      282 4 SEVERAL directors of Genting-Highlands which last month announced that it will block the "Three Sisters" merger deal have left for London where shareholders are due to meet on Jan 10. Company sources have admitted the departure of the directors but declined
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    • Article
      DIVIDENDS ANNOUNCED
      347 4 Current Ex Date Total for Total for payment Date payable the year previous year Aokam 18% Nov 20 Jan 7 25% 25% Kulim 10% Dec 10 Jan 7 10%+ 12.5% Malayan Tin 43.08% Nov 24 Jan 7 67.69% 78.5% 8thii. Malaysian Tin 47.98% Nov 24 Jan 7 72.6%
      347 words
    • Article
      Lock icon Murdoch survives boardroom battle
      815 4 NYT NEW YORK, Wed. —Rupert Murdoch, who was Installed as a member of the board of directors of New York Magazine during a stormy six-hour session on Monday night, appeared to have acquired controlling Interest in the company. The takeover by the Australian publisher was surrounded
      NYT  -  815 words
    • Article
      Lock icon Vickers team to visit Iran
      141 4 Reuter LONDON, Wed. Representatives of Vickers will visit Iran around the end of January to discuss a proposal for Iran to exchange crude oil In part payment for armoured recovery vehicles, a company spokesman said. Agreement for the sale has oeen reached In principle but
      Reuter  -  141 words
    • Article
      CEA loan
      66 4 ZURICH, Wed. The Oommllssarlat a I'Energle Atomlque (CEA) will float an 80 million franc loan on the Swiss market later this month, Schwelzerlsche Kredltansthalt director K. Staubll told analysts. Agency financial director Jacques Olscard d'Estalng said the loan, which will bear a french government guarantee, Is designed to
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    • Article
      Venezuelan oil earnings to decline
      76 4 CARACAS. Wed. The Venezuelan oil holding company Petroven expects earnings this year of about 38 billion bollvares against 38.3 billion In 1978, company sources said. They said the oil price rise agreed by Opec last month Increased expected 1977 Petroven earnings by 3.29 billion bollvares,
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      204 4 i m This is Mrs. Chng Ai Leng, early bit more than just a Mum, as you yourself from her favourite reading World, the magazine for the Singapore (and the Man-in-her-life). She spends her money on her on clothes for herself, she t«I what she calls "a stunted; keeps in
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Gulf Oil joins Asian operation
      154 5 Reuter HOUSTON, Wed. Gulf Oil said its operating division Gulf Oil Chemicals entered a Joint venture to manufacture and market low density polyethylene In South-east Asia with a number of Taiwan-based interests. The venture Includes formation of a new company, Asia "Polymer and construction of
      Reuter  -  154 words
    • Article
      Lock icon Early UK sale is unlikely
      360 5 BP shares Reuter LONDON, Wed. An early sale of the Bank of England holding in British Petroleum Is unlikely, sources close to the government said. In a recent statement to Parliament outlining measures to cut British public spending and borrowing Chancellor of the Exchequer Denis
      Reuter  -  360 words
    • Article
      Lock icon Stake in project
      171 5 Reuter LONDON, Wed. British Petroleum said it has bought a 10 per cent stake In a five-year deep sea mining project managed by Kennecott Copper of New York, holder of a 50 per cent interest. It said It bought the Interest from Rio-Tin to Zinc, but gave
      Reuter  -  171 words
    • Article
      Lock icon Spotlight on Puerto Rico
      747 5 NYT NEW YORK, Wed President Ford's suggestion last week that Puerto Rico be granted statehood has put the spotlight on an unusual investment medium: the Puerto Rican tax-exempt bond. No sooner had Mr. Ford's statement come over the news wires last Friday than these bonds began
      NYT  -  747 words
    • Article
      CHICAGO BOARD OPTIONS
      1153 5 On January 4 PRICES on the Chicago Board Options Exchange declined as losers topped gainers, 510, to 47, on Tuesday. Turnover approximated 105,760 contracts, compared with 101.698 contracts on Monday. OPTION JAN APL JLY STOCK Alcoa 45 105/8 NOL NOL 55 3/4 Alcoa SO 53/4 6 7/8
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    • Article
      Lock icon SEC takes an unusual step
      492 5 NYT WASHINGTON, Wed. The Securities and Exchange Commission has moved for an unusual summary reversal of a landmark Federal District Court decision Involving Bausch and Lomb last September that sharply limited Its ability to obtain injunctions against those who violate Securities' laws. If successful, the
      NYT  -  492 words
    • Article
      Lock icon German govt bonds
      175 5 Reuter FRANKFURT, Wed. Both 500 million mark tranches put on sale of the total 1.5 billion mark German Government bond were well over-subscribed, bond market sources said. The seven per cent sixyear tranche was yesterday unofficially trading among banks at 100-1/8 100-3/8 per cent compared with its
      Reuter  -  175 words
    • Article
      RHM to buy Red Wing
      109 5 LONDON, Wed. Ranks Hovls McDougall said it agreed with Red Wing of Fredonla, New York for RHM to buy Red Wing for US$23.l million. Red Wing's latest accounts show a net book value of around $8.9 million K re-tax trading. Profits ave risen to $5.1
      109 words
    • Article
      Lock icon Interest rates fall
      165 5 Reuter LONDON, Wed. The gradual decline In British short-term money market interest rates is expected to be extended this week with a further 1/4 percentage point fall in the Bank of England's minimum lending rate, market analysts said. This will take lending rate to 14 per cent,
      Reuter  -  165 words
    • Article
      Lock icon Wall Street foresees another good year
      935 5  -  By THOMAS E. MULLANEY NYT commodity markets have Just completed another banner year on an upbeat note and with optimism high in Wall Street that this year will prove to be another good, If not vintage, period. While there is, of course, some dissent
      NYT  -  935 words
    • Article
      Lock icon GM studies venture
      99 5 Reuter NEW YORK, Wed General Motors Is studying a possible castings and parts production Joint venture with a Yugoslav company, Klklnda, a spokesman for GM's international division said. Kikfnda currently supplies casting for GM's Opel AG West Germany subsidiary, he said, adding that nothing has yet been
      Reuter  -  99 words
    • Article
      Lock icon Breakthrough by women
      721 5  -  American Exchange By LEONARD SLOANE NYT THE American Stock Exchange, like most Institutions on Wall Street, has traditionally been a man's domain. But recently It installed two women In Jobs that make them highly visible to the outside world. The women are executives in the new listing
      NYT  -  721 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      170 5 Now in SingaporeContact Oce for the most efficient, most economical copiers and plan printers. > Contact Oc£ to see the sleek new Oc6 tabletop copier the 1610 in action. It's so handy you'll want to spot several around the office. The Oc6 1610 is most efficient when you need clean,
      170 words
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  • Article
    Share Information Service
    2060 6 SECTION ONE INDUSTRIALS Gr'a Gr'a Net mi/77 Last div Div y"M P/E Vol oay High Low Company Sale +or- c'vr (*000) High LOW 175* 133 Acma 141 -2 12.ON 1.1 8.5 7.1 9 141 140 206 172 Alcorn 206 20.0 1.3 8.7 13.2 100 60 Allied Choc
    2,060 words
  • Article
    Transactions in Singapore
    1329 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 lot* of 1000 uniu unless otherwise specified All Time Settlement Contracts are quoted after the word Sett." Big Board
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  • Article
    In Kuala Lumpur
    1232 6 BID and otter 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 INOUITKiAu AMM (1.438). XX) AJlnamata (1.»68>. Atom (2 208). A. Mm (0
    1,232 words
  • Article
    Unit trusts
    134 6 SINGAPORE UNIT TRUST (Mtnafen' price* for Ju. 1) INCOME BOND UNIT (Curreat prioea) The Commerce 1.77 1.87 1 OB 1.15 The 8*vine Fund 0 96 1.01 8'pore Prof Fund 0.80 0.85 S pore Security Fund 1.30 1.37 8'pore Invest Fund 1.06 1.12 ASIA UNIT TRUST (Maaafara* pries* for
    134 words
  • Article
    External currency bonds
    138 6 B O T 8 1/2% 1981 (100,000) (103*.8 104 'iS) D B S 8 1/2% 1982 (100,000) (100B 101S) DBS Convert* 6 1/2% 1991 (100,000) (988 98HS) E I B 9% 1982 (100.000) (103*B 104VUS) E I B 8 1/4% 1983 (100.000) (10OHB 101'% sxmoi I B
    138 words
  • Article
    Domestic govt bonds
    121 6 5 1/2% 1/12/77 (1,000.000) (ioi.s4b ioi ms) 5 1/2% 15/4/78 (1,000.000) (101.008 101.70S) 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 48S) 7% 1/7/79 (1,000,000) (104.838 104.935) 5 1/4% 15/10/79 (1,000.000) (100 808 100.90S) 6 3/4% 15/C/80 (1,000,000) (102 958 103.055) 6 3/4%
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      Page 6 Advertisements Column 1
      143 6 found only in the best company... Penguins in Business and Management Understanding Company Financial Statements: J. Parker Management and Motivation: V. Vroom Organization Theory: D. Pugh Creativity in Industry: P. Whitfield Business Strategy: H. Ansoff Management and Production: R. Wild Corporate Strategy: H. Ansoff How to Survive the Slump: G.
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  • Article
    Share prices end mixed
    666 7 SHARE price* ended mixed in moderate trading at the Stock Exchange of Singapore yesterday. An opening round of bulliahness among the firm •pots of the previous day failed to find follow-through support and this resulted ia most of them either finishing unchanged or marginally lower. At
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  • Article
    KLSE hit by profit-taking
    512 7 PROFIT-TAKING trimmed prices at the Kuala Lumpur Stock Exchange yesterday following the strong gain on Tuesday. The easier tendency was also partly due to the sharp drop on the Dow Jones Index In the overnight Wall Street market. Observers say that this pattern of trading will
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  • WALL STREET AND OTHER OVERSEAS MARKETS
    • Article
      New York
      1160 7 NEW YORK: Stock prices slipped back sharply on Tuesday In what so far has not been a very joyous new year for Wall Street. Part of the setback was attributed to profit-taking following the brisk market rise In December. However, analysts said there also appeared to be a
      1,160 words
    • Article
      Paris
      372 7 PARIS: Shares closed generally higher on Tuesday helped by the strength of the franc against the US dollar which may alleviate dollar-denominated French petrol payments, dealers said. Hopes that the cut In the standard rate of value added tax, effective Jan l may help brake French Inflation, also stimulated
      372 words
    • Article
      Zurich
      279 7 ZURICH: Shares rose broadly on heavy Institutional demand, with interest centrea on unandals on Tuesday. However, Bally registered eased on profit-taking after recent strength. Major Banks and insurances were higher but industrials were mixed, with Ciba-Geigy bearer and participation certificate, both Aluiuiiie and Pitcher bearer tower, BBC registered, and
      279 words
    • Article
      Toronto
      284 7 TORONTO: Bank, oil and paper stocks paced a broad downturn In light trading on the Toronto Stock Exchange on Tuesday. Canadian Imperial Bank dropped 7/8 to 25-1/8, Toronto-Domi-nion was off 1/2 at 19-1/4, while Royal Bank at 28 and Bank of Montreal at 14 were both off 1/4. Prairie
      284 words
    • Article
      Brussels
      158 7 BRUSSELS: The market was mixed to higher In continued quiet trading on Tuesday with very narrow movements, dealers said Rises Included Reserve, FN, Wagons-Liu, Gevaert and Arbed, while Sidro, Cobepa and Cometra eased. German, Dutch and UK Issues rose, with the exception of Rio Tin to Zinc which declined.
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    • Article
      Milan
      142 7 MILAN: Stocks were generally easier in thin dealings on Tuesday. with operators generally awaiting the outcome of Wednesday's meeting between Government and unions on wage inflation, market sources said. Saia Viscosa, Montedison and Fiat fell in leading Industrial stocks. Both Olivettis, both Pirellis and Generate Imraobiliire also eased. JAN
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    • Article
      Jo'burg
      362 7 JOHANNESBURG: Oold shares traded firmer In moderate trade on Tuesday following European bullion Indications, dealers said. Financial minings were more cautious In recovering from earlier weakness and traded at or slightly below, the previous close. De Beer* rose 10 cents to 370. Copoer counters were firm In line with
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    • Article
      Frankfurt
      250 7 FRANKFURT: Leading shares rose up to 2.50 marks on Tuesday on renewed large institutional buying from both Germany and abroad, dealers said. Trading was lively on general Investor optimism for 1977. Among individual large gainers, Daimler, KHD and Kloeckner-Werke rose 3.50 marks, and VEBA three The bond market was
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    • Article
      Amsterdam
      270 7 Al JTERDAM: The market firmed on Tuesday led by Hoogovent and Philips. Trading was active with sentiment aided by firmness of Dutch shares In an otherwise weak overnight Wall Street, dealers said. They noted good Swiss and West German demand. Gieeeen, Heinekea, Deli, Ahold and Nationale Nederlanden gained Ararobank
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    • Article
      Manila
      174 7 MANILA: The market was steady to slightly higher In quiet trading on Wednesday, dealers said. Secondary mining and oil Issues continued to firm, while market leaders were generally steady. Gainers Included Atlas Con A and San Miguel B but Acoje Mining, Lepanto B, Marinduque B and Vulcan lost ground.
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    • Article
      Hongkong
      457 7 HONGKONG: The market was mixed with a firm undertone In moderately active trading on Wednesday dealers said. Prices opened firm, then lost some ground on profit-taking and In reaction to Wall Street's fall, but towards noon, cheap buying emerged, taking many prices higher, and continuing In the afternoon. The
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    • Article
      Tokyo
      518 7 TOKYO: Prices eased on Wednesday after rising for five consecutive sessions on technical factors and Wall Street's fall overnight, dealers said. The Dow Jones average lost 15.54 to close at 4,983.31 with volume 270 million shares, the New index closed at 382.53 down 1.61. Electricals, motors and other blue
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    • Article
      Bangkok
      83 7 JAN OS Bahts Asia Fibre 108S Bangkok Bank 241 ♦2 Bangkok Invest 134S unch Bangkok-Metro-politan Bank Bata 361 Berll Jucker 1S7S unch Charoong Thai Wire 151 unch Dumex DusitThani Faber Merlin First Trust Indo-Thal J And J Ho 168 ♦3 Jalaprathan Cement 77S Karnasuta Lee Kwang Mln Metal Box
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    • Article
      Sydney
      411 7 SYDNEY. The market rioted higher on Wednesday on Increased buying support and higher turnover, with uraniums notably in demand, dealers said. The Sydney All-Ordinaries Index rose 3.33 points to close at 437.21. Peko-Wallaead rose 15 to 4.30 while Kathleen and Queensland Mine* rose five cents each. Santo* rose 10
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    • Article
      Indices
      57 7 FINANCIAL TIMES INDUSTRIAL Closed Week ago TIN Tuesday Monday Week ago RUBBERS Tuesday Monday Week ago OILS Tuesday Monday Week ago DOW JONES AVERAGE INDUSTRIALS Tuesday Monday Week ago LONDON DOLLAR PREMIUM Tuesday Monday H.K. HANG SENG 444 20 451.00 Week uo 437 00 SYDNEY INDUSTRIALS 356 66 Week
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      Page 7 Advertisements Column 1
      352 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar ma/am! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational quite unlike the type that merely appeals to
      352 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Rubber market
      633 8 AFTER a slightly higher opening yesterday, prices In the Singapore rubber market generally fell back on profit-taking, with Februaiy dropping to a low of 201.00 cents, but mid-day saw a return of buying support. Some forward demand and seller hesitancy caused prices to move up fairly sharply. February
      633 words
    • Article
      SSR and SMR
      105 8 DAILY SSR and SMR prices at noon yesterday: Jan Feb R.A.S. (Curreat Mth) (Fori ward Mth) Buyer* Seller* Buyer* Seller* (cei iU per kf > (cent* per M> SSR 20 (1—ton Pallet) 185.50 188.50N 180.50 187.50N SSR 50 (1—ton pallet) 183.00 184.00N 184.00 185 OON M.R.E.L.B. SMR5CV
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    • Article
      Straits tin
      178 8 THE Straits tin price In Penang yesterday was up $312'4 to $1,324.50 per picul on an official offering up 51 tonnes to 351 tonnes. In LONDON yesterday, tin finished with net gains of about £27 per tonne for Cash and £8 for Three Months in both the standard
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    • Article
      Closing prices
      28 8 Rubber: Jan 5 Singapore: 197.25 eta (up 0.25 eta) Malayaia: 202.50 cts (down 1.25 eta) Tin: $1,324.50 (up $3.12'*) Official offering: 351 tonnes (up 51 tonnes)
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    • Article
      Zinc
      35 8 LONDON Wed. On Tuesday afternoon, zinc finished the day about €9.50 higher for both Cash and Three Months. This market gave a similar performance to ieaa with profit-taking well absorbed. Sales were 1,575 tonnes.
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    • Article
      Palm oil
      128 8 The following Palm Oil prices were quoted In London on Tuesday The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated. Tasiiay Pre*. Malaysia 5H f fa bulk Jan unch 4411 sir Feb 448 sir 452 sir Mch 448 sir 452 sir
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    • Article
      Duty rates
      62 8 The rate of duties payable are: Rubber 10V« cts a lb. (Surcharge 4% cents a lb). (Total 15V« cents). Copra $86.40 a ton. Palm kernel $47.05 a ton. The Malaysia Minister of Finance has fixed these rates for the period from Jan 6, until further notice: Rubber 89%
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    • Article
      Produce Prices
      281 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSINO PRICES PER PICUL YESTERDAY Coconut Oil: Bulk $85 sellers old drum $90 sellers, new drum $95 sellers. Copra: Mixed (loose) UK/Cont. $51 buyers. Pepper Muntok AST A white f.o.b. 100% NLW $317''> sellers. Sarawak white f ob 96% NLW $302', sellers. Sarawak
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    • Article
      Gold
      373 8 IN the Singapore gold market yesterday, the kilobar was traded between 5510.720 to $10,780, with demand being felt at the lower end. The loco London gold opened at $135.40/ 135.90 and closed at $134.50/ 135.00, on small-scale liquidation, following the emergence of sellers at the London afternoon fixing yesterday.
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    • Article
      Copper
      237 8 LONDON, Wed. Copper wlrebars closed with net gains of mostly €1.50 per tonne. Cathodes were unchanged for Cash and CI higher for Three Months. Dealers said the overnight decline in US futures and the firmer trend in sterling this morning softened prices In the premarket where Three Months wlrebars
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    • Article
      Lead
      45 8 LONDON, Wed. Lead finished the morning with gains of £7 for both Cash and Three Months. The market was very firm. After early business down to £309 per tonne. Three Months rallied sharply to finish the ring at £318.50. Ring sales were 4,025 tonnes.
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    • Article
      Coffee
      316 8 LONDON, Wed. The terminal Initially opened with Mch gaining £70 from Tuesday night's close at £2,885. By the end of the opening call values were £37 to £57 up from the previous close, with 440 lots traded. The official tone was steady at the decline. During the call, Mch,
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    • Article
      Soybeans
      110 8 CHICAGO, Tues. Soybean futures moved upward from an Irregular price pattern to finish at the day's highs with gains of six to 12 cents a bushel. Soybean product futures regained early losses late In the session to close with gains. At the close, meal prices were up 0.20 to
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    • Article
      Wheat
      162 8 CHICAGO, Tues. Wheat futures closed at the day's highs, posting gains of 1/4 to 1 1/2 cent a bushel. Prices eased early on weaknesses In other pits and speculative selling prompted by the heavy snow and rain in winter wheat growing areas of the Plains and Midwest and the
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    • MONEY AND EXCHANGES
      • Article
        Singapore
        524 8 THE U8 dollar regained some ground yesterday in the Singapore foreign exchange market when it opened at 812.4545/55 against the Singapore dollar. It maintained Its firm undertone to move up to 552.4550/90 at close as a result of a significant amount of buying Interest In the market. Sterling was
        524 words
      • Article
        Asian $ rates
        179 8 Asian rates ASIAN currency deposit interbank rates as at cloae on Jan 5 US Dollars Spot) Offer BU 7 days 4 7/8 4 3/4 1 mtti 4 5/8 4 1/2 2 mth 4 13/18 4 11/18 3 mths 4 15/18 4 13/18 8 mths 5 1/4 S 1/8 9 mths
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      • Article
        Discount market
        46 8 RANOE of price* offered by discount houses on Jan S Overnight 3* Call deposit 2 to J* Oomm Bu> Helling 3-Month Treasury bills S 27/8 3-Month Bank bills 41/> 4 3-Month CD 4 7/16 4 5/16 6-Month CD 413/16 411/16 Source: National Discount Co.
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      • Article
        Minimum lending rates (in %)
        55 8 Minimum lending rates (in ACBC Algemene Bank .6% Bangkok Bank ..7* Bank of America 6* Bank of China ..7 Bank of Tokyo Bank Negara Indonesia 7% First Chlrago 8* Citibank 6* HSBC 7 Indosuez Malayan Banking 6* Mitsui Bank 6* OCBC 8* OUB frfc Chartered Bank Chase Manhattan DBS 6^.
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      • Article
        London
        220 8 LONDON, Tues. The dollar moved higher In early European currency trading, extending Its recovery which set In on Monday. Sterling was Initially quoted at $1.7088/93 against $1.7085/90 overnight, dipping from the three-month high hit In New York on Monday night of $1.7105/15. The pound In the US had been
        220 words
      • Article
        New York
        155 8 NEW YORK, Tues. Sterling closed at its strongest since late September while the dollar reversed earlier losses to close marginally firmer than Monday, dealers said. Sterling's rally here, to $1.7105/15 from $1.7085/90 in London and $1.7030/40 overnight here, was prompted mainly by the formal IMF approval of Britain's
        155 words
      • Article
        Hongkong
        129 8 HONGKONG. Wed. The US dollar was quoted at HK54.6500/50 In late trading, almost four cents above Tuesday's $4.6150/80 close, in active and thin trading, dealers said. They said the US dollar was boosted by market rumours that local bank's best lending rate would be cut, and particularly by reports
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      • Article
        Tokyo
        110 8 TOKYO, Wed. The US dollar for overnight delivery closed higher at 292.10 yen compared with 291.80 at the opening and 261.85 at Tuesd&TheCUS unit rose Initially to 292.30 on buying to cover anticipated high import settlement needs and minimal selling of dollar export bills, dealers said. There was some
        110 words
      • Article
        Euro $ rates
        129 8 Euro rates LONDON, Wed. Near period Eurodollar deposits opened lower reflecting the Friday dealing, technically, while longer positions and day-to-day rates were little changed, dealers said. Periods tended 1/10 or so easier where changed from openings in early very quiet conditions, reflecting a lack of general interest and a light
        129 words
      • Article
        Zurich
        40 8 ZURICH exchanges quoted on Jan 5. US 2.4430-4438 UK 4.1725-1755 Can 2.4325-4345 W Germ 104.19-28 Neth 100.01-09 France 49.55-58 Belg 6.82-' i-83- Denm 42.21-25 Norw 47.39-42 Swed 59.46-51 Italy 0.2791-2794 Austria 14.65-68 Port 7.77-80 Spain 3.58Arg 0.85-1.00 Japan 0.83-^2-84
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      • Article
        Frankfurt
        32 8 FRANKFURT exchanges opening quotes on Jan 5. US 2.3440/60 Can 2.3405/25 UK 4.005/020 Neth 95.88/96.03 Swltz 95.85/96.00 Italy 2.675/690 France 47.57/72 Norw 45.45/55 Belg com 6.545/560 Belg fin 6.55/56 Japan 0.8025/40
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      • Article
        Australia/NZ
        49 8 AUSTRALIA/ NZ exchanges quoted on Jan 5. Australia: Sterling 0 6403/0.6329 US dollar 1.0916/1.0868 Ninety-day air mall buying rates: Sterling 0.6718 US dollars 1.1178 Ninetyday forward buying rates: Sterling 0.6602 US dollars 1.0866 New Zealand: Sterling 0.5584/0.5553 US dollar 0.9588/0.9488 Ninety-day forward rate: Sterling 0.5991 US dollar 0.9766
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      • Article
        Eurobond prices
        222 8 Eurobond prices quoted on Jan 5 STRAIGHTS BID OFFER Alcan9%Pc 1868 105 106 BFCE B'.Pc 1983 102 103 Brasran 9SPC Charbonnage 8%Pc 102 102*4 Can Pacific 9%Pc 105 105% Dow Corn In* 8 «Pc 105 106 EEC84PC 1982 102% 103% Euroflna8'iPc 104 105 ECSC 9Pc 1983 103% 104%
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      • Article
        Treasury bills offer
        40 8 THE Monetary Authority of Singapore (MAS) Invites banks and discount houses to tender for: $45 million 91day Treasury Bills to be Issued from Jan 10 to Jan 14. 1977. Each Tender must not be less than $250.000.
        40 words
    • Article
      Silver
      163 8 LONDON Wed. SUver, In contrast to base metals, showed losses of 1.7 to two pence per troy ounce. A lower opening reflected the late overnight New York trend, lower gold and firmer sterling, dealers said. Small-scale fresh buying was attracted by the lower levels, however and the market ruled
      163 words
    • Article
      Sugar
      222 8 LONDON, Wed Terminal sugar had end-opening call losses from Tuesday night of €3 (near Mch at £116.15) to C 1.50 per tonne. Dealers attributed much of the selling pressure in a basically thin market to trade orders in front of EEC selling tender. This took prices below generally expected
      222 words
    • Article
      Rice
      211 8 BANGKOK, Wed. Indicative prices for rice Suoted In Bangkok 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
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      439 8 >1 "I 1 t«, «•«<«?> i i THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies, withered tyrants, opened
      439 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article, Illustration
      Lock icon Seat belt company in the fast lane
      1626 9 RHYS DAVID REPORTS ON A BRITISH SUCCESS IN THE TROUBLED TEXTILES SECTOR LONDON, Wednesday Financial Times WHEN the British Government failed to get its compulsory seatbelt legislation through Parliament and then omitted It from its new list of proposed enactments in the Queen's
      Financial Times  -  1,626 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      596 9 arrivals Service Local Operator Number Time From OA OA472 0200 SYD/MEL SAS 3K988 0700 HLP MAS MH682 0810 KCH 8LA SQ211 1010 HLP CPA CX710 1030 HLP OLA OA980 1030 HLP OIA QA908 1100 MES PAL PR501 1115 MNL RBA BI325 1155 BWN SLA SQ201 1200 HLP
      596 words
    • Article
      Lock icon London freight market
      184 9 AP LONDON, Wed. Overall freight market business failed to gather momentum yesterday as chartering commenced the new year. Rates remained at a low ebb and the shortage of Inquiry augured 111 for any early Improvement. Reported business mainly consisted of time-charter bookings. British Steel booked the 20,165-tonne
      AP  -  184 words
    • Article
      Lock icon Further rapid growth in Middle East car industry
      522 9 LONDON, Wednesday Financial Times A COMPREHENSIVE new survey of Middle East motor markets, conducted by the Paris-based Euro-eco-nomics research organisation, forecasts a continuing rapid growth in both car and commercial vehicle sales over the next 10 years. The report predicts that new
      Financial Times  -  522 words
    • Article
      Lock icon Protest action by the AAA
      136 9 NYT NEW YORK, Wed. The American Automobile Association has lodged a protest with Mr. Jose Lopez Portlllo, the new President of Mexico, against what It termed harassment of American motorists by police and assaults and armed robberies by bandits south of the border. In a
      NYT  -  136 words
    • Article, Illustration
      IN PORT
      383 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Eldai M&ru No. 6 (JQAZ) (0600 23/24 Hosei Maru (JOHY) (Car Carrier) (0600 35/36 Howell Lykes (after Bunga Melor) 8/8 Lanshan (BolJ) (0800 after Bunga Seta war) 19 l*a Rlola (LRQQ)-(0600 after Slnklang) 18 Plonerskaya Pravda (0600 after Aklhlro Maru) 29/30 Rajah Brooke
      383 words
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      Page 9 Advertisements Column 1
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      Page 9 Advertisements Column 2
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      158 words
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  • Article, Illustration
    PLAYING THE OPTIONS GAME
    3081 10  -  As the Singapore Stock Exchange is gearing up to launch a pilot scheme for trading 'call* options on Feb 1, ANTHONY ROWLEY explains the rules of the game, how it is played and what potential investors should look out for ANTHONY ROWLEY THE Instruments of capitalism
    3,081 words
  • Article, Illustration
    Supermarts versus provision shops
    768 10  -  By SOH TIANG KENG A DECADE ago, the word supermarket to the SingaSrean meant only one of o things. Cold Storage or Fltzpatrlck's. Today, however, all this has changed. Supermarkets of varying sizes, have mushroomed all over the Island. The question then arises: With this development,
    768 words
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      Page 10 Advertisements Column 1
      161 10 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia, Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei, Sarawak. Sabah Australasia/Pacific (excluding Hawaii)
      161 words
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  • Article, Illustration
    'After 1948 rent control' plan under study
    353 11 KUALA LUMPUR, Wed. The Rent Control Review Committee is considering a proposal to extend the control of rent to buildings constructed after 1948. The committee's chairman, Dr. Ling Llong Sik, said he would like to seek further views on this matter from both
    353 words
  • Article
    Lock icon Rumours of cut in rates push HK$ down
    244 11 Reuter HONGKONG, Wed. The US dollar rose sharply against the Hongkong dollar on the foreign exchange market this morning, amid strong market rumours that local banks' best lending rate Is to be cut shortly. The US currency rose to a mid-point of
    Reuter  -  244 words
  • Article
    Lock icon 'Desperate parents behind child labour'
    218 11 AP LONDON, Wed. Hongkong's Commissioner In London was taken to task today for denying the significance of child labour in the colony. Mr. R.S. Porter, assistant professor of Chinese history at Canada's Concordia University in Montreal, said in a letter to the London Daily Telegraph
    AP  -  218 words
  • Article
    CONTRACT LABOUR CAN CONTINUE
    157 11 KUALA LUMPUR, Wed. The Government will not abolish the contract labour system altogether as it may be Justifiable and beneficial in some cases. Labour and Manpower Minister Datuk Lee San Choon said today. He was replying to Senator M. Mahallngam who asked if the Minister proposed
    157 words
  • Article
    Lock icon Tokyo whisky distillers are up in arms
    178 11 Reuter TOKYO. Wed. Japanese whisky distillers have protested to the government against what they say are unfairly low taxes on foreign whiskies. The Customs Bureau of the Finance Ministry confirmed today that the distillers. including the huge Suntory and Nlkka companies. had demanded
    Reuter  -  178 words
  • Article
    Lock icon Japan trade mission to visit China
    111 11 Reuter TOKYO, Wed. The Japan-China Economic Council plans to send an economic mission to China next month to promote economic and trade relations between the two countries, the council said. The 20-man mission will be led by Mr. Yoshlhlro Inayama, president of the council
    Reuter  -  111 words
  • Article
    Lock icon VIETNAM LAUNCHES NEW ARMY TRAINING COURSE
    247 11 UPI BANGKOK, Wed. Vietnam's top military brass this week launched Southeast Asia's biggest army oa a new training course based on Marxist tactics, the official Vietnam News Agency (VNA) said today. Defence Minister Gen. Vo Nguyen Giap, architect of the French colonial defeat at
    UPI  -  247 words
  • Article
    Lock icon S. Korean fishing rights within US zone
    153 11 Reuter WASHINGTON. Wed. The United States and South Korea signed an agreement here today governing Korean fishing rights within 320 km of the US coastline. The accord is one of several general agreements the United States is negotiating with fishing nations in line
    Reuter  -  153 words
  • Article
    Restricted passports plan
    84 11 KUALA LUMPUR, Wed. Restricted travel documents will be Introduced to replace the use of international passports by Malaysians travelling between Peninsular Malaysia and Sabah and Sarawak. Deputy Home Affairs Minister, Datuk Sharlff Ahmad told the Dewan Negara today that the plan still could not be Implemented because
    84 words
  • Article
    Domestic arms industry a political necessity
    584 11 ONE of the principles In furthering a country's selfsufficiency, and therefore Its independence. Is often the encouragement of an indigenous armaments industry. These days, calls for home-made armaments are less a cultivating of prestige projects by expansionist minded generals and admirals than a vital
    584 words
  • Article
    Lock icon Seoul minister to see Vance on security
    445 11 AP UPI SEOUL, Wed. South Korean Foreign Minister Park Tong-Jin plans to visit Tokyo and Washington between mid-February and March for talks on future security co-operation with new governments In both countries, government sources said today. The sources said Mr. Park will first
    AP; UPI  -  445 words
  • Article
    Lock icon Thai Government raps Air Siam
    238 11 AP BANGKOK, Wed. Air Siam resumed scheduled flights-today amid Thai Government criticism of the airline's week-long suspension of service. A spokesman for the airline said flight 902 departed for Hongkong, Tokyo and Honolulu this morning. The airline operates a single Boeing 747 Jet. The airline
    AP  -  238 words
  • Article
    Overseas recovery lifts Singapore exports
    240 11 SINGAPORE'S exports are reaping the benefits of economic recovery In other countries. Exports for the third quarter last year rose 33 per cent over the last corresponding period, according to the Overseas Union Bank. In its latest economic bulletin, OUB says that export performance continues
    240 words
  • Article
    Lock icon Sri Lanka bows to strikers' demand
    146 11 Reuter COLOMBO, Wed. The Brl Lanka government yesterday yielded to a major demand by 26,000 striking railway workers by approving a 500 rupee (*****) pay advance. It said the money would be granted partly as an advance on pay and partly as an Interest-bearing
    Reuter  -  146 words
  • Article
    FARM AVIATION SEMINAR
    89 11 KUALA LUMPUR, Wed. Scientists, aircraft users and operators from the South-east Asian and Pacific region will attend a three-day seminar on agricultural aviation opening here tomorrow. Twenty-eight papers will be presented during the seminar's seven sessions on various aspects of recent developments in aerial photography and application
    89 words
  • Article
    Five cents more for that cup of kopi-O?
    153 11 KUALA LUMPUR, Wed. The Government Is expected to agree to the fivecent increase to 25 cents per cup of plain coffee (kopl-O) sought by the coffeeshops. Deputy Minister of Trade and Industry Datuk Mohamed Rahmat met a delegation from three coffee shopkeepers'
    153 words
  • Article
    Lock icon SOVIET RESEARCH SHIP TO LEAVE
    121 11 AP CANBERRA, Wed. The Australian Foreign Affairs Department today was told by the Soviet Embassy that a research vessel of the Australian coast has been ordered to move. The Soviet ship, Valerian Yuryvaev, a hydro meteoro- logical vessel, has been at Scott Reef, off the
    AP  -  121 words
  • Article
    Lock icon Ziaur seals China visits with two pacts
    220 11 UPI HONGKONG, Wed. Bangladesh's chief martial law administration, MaJ. Gen. Zlaur Rahman, yesterday wound up the Peking portion of his China visit with the conclusion of an economic and technical cooperation agreement as well as a trade and payment agreement between his country
    UPI  -  220 words
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    Lock icon Japanese firms sign up for HK commodity dealing
    205 11 Reuter HONGKONG. Wed. Eight Japanese-controlled firms ate among the 16 corporate dealers whose registration has been approved under Hongkong's commodities trading ordinance, an official of the Commodities Trading Commission said. The ordinance came into effect on Jan 1, and by Jan 3
    Reuter  -  205 words
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    Lock icon Complaint against banks
    94 11 AP NEW YORK, Wed. State officials say they have found probable cause to believe that two New York banks, Morgan Guaranty Trust Company and Citibank, are discriminating against Jews to comply with the Arab boycott against Israel and its supporters. The American Jewish Congress had complained to
    AP  -  94 words
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    Lock icon Indonesians may face domestic fuel shortage
    245 11 Reuter •inAAAiA, wt*u. Indonesia, which earns much of Its foreign exchange through oil exports, may face a serious fuel shortage domestically, the Indonesia Times said today. The English-language newspaper recalled In an editorial that the state-run Pertamlna oil company recently predicted that only 13.3
    Reuter  -  245 words
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    Lock icon LNG from Aceh plant in May
    121 11 AP JAKARTA, Wed. Mining Minister Mohammad Sadll said yesterday the liquefied natural gas (LNQ) project In Aceh, North Sumatra, will start producing condensate In May this year, the Antara News Agency reported today. He told reporters that It was expected the project would produce
    AP  -  121 words
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    Lock icon Vatican replies to estate charge
    199 11 AP VATICAN CITY. Wed. The Vatican took Issue today with press reports llnklng the Holy See and religious orders with real estate speculation In Rome. The official Vatican newspaper Osservatore Romano also questioned whether the current "methodical scandallsm" and "antlclerlcallsm" are aimed at driving religious
    AP  -  199 words
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      323 11 APPOINTMENTS I VO/PER THORNYCROFT PRIVATE LTD. OFFICE ADMINISTRATION MANAGER Vosper Thornycroft, a shipyard employing advanced technology requires a mature manager. His main duties would be office administration, management of property and housing and related maintenance. The successful applicant will probably be not less than 28 years of age and would
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      294 11 An established Multi-national Manufacturing Company invites applications for: PRODUCTION CONTROLLER Candidate will be responsible for planning and co-ordinating the production requirements of the entire plant. This includes scheduling and expediting of inplant produced components and parts in a Stamping Department and a Plastic Moulding Shop The plant has a large
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    Green light for Deutz plant
    254 12 DEUTZ Far East yesterday announced that approval had been received from Its parent In Germany, to proceed with its proposal to set up a fully-fledged manufacturing plant here, in conjunction with the Asean Diesel Engine project. Its managing director. Mr. T.L. Erdhuetter. revealed that the
    254 words
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    Lock icon Bartons charged on their return
    265 12 Reuter SYDNEY, Wed. Two Australian financiers father and son appeared in a Sydney magistrate's court today a few hours after flying in from Paraquay and heard themselves accused of defrauding an oil company of A 54,500,000 (SSI2 million). Mr Alexander Barton, 60. and his 30-year-old
    Reuter  -  265 words
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    Lock icon Hussein in Egypt
    116 12 UPI CAIRO. Wed. Malaysian Prime Minister Hussein Onn arrived today on a fiveday official visit, the first by a head of government of the Asian country. He was greeted at the airport by Egyptian Premier Mamdouh Salem with whom he will have several rounds of talks. Encik
    UPI  -  116 words
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    Lock icon Thai off-limit areas
    107 12 Reuter BANGKOK. Wed. Thai military authorities have declared a number of areas in southern Thailand as offlimit for civilian movement in a new effort to combat communist guerrillas in the region. Lieutenant General Pin Thammasri, military commander of the southern region, told Reuter the areas affected were
    Reuter  -  107 words
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    LONDON STOCKS
    760 12 LONDON. Wed. The stock market closed steady to firm, dealers said Government stocks) rose on hopes of a lower minimum lending rate and on higher sterling, while leading equities edged higher after early profit-taking. Short-dated gilts gained around W to H point while longs put on '4 to
    760 words
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    Industrial site off Tuas?
    101 12 MORE than 700 hectares of aee-bed ofTau, the western tip of Siege pore, could become an industrial area, if feasibility studies conducted by e team of Dutch reclamation experts prove positive. According to sources, the teem comprising a civil engineer, a soils expert and a hydraulics
    101 words
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    Accord on use of rig
    90 12 JARDINE Matheson's (SEA) wholly-owned subsidiary, Jardlne International Petroleum, and Fearnley and Egers Chartering of Oslo nave entered Into an agreement with Diamond M Drilling of Texas to operate a newlybuilt rig. The agreement also provides for Diamond to earn an equity Interest In the self-propelled
    90 words
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    Lufthansa's fashion mission
    71 12 LUFTHANSA Airlines will transport more than three million pieces of clothing from several Singapore garment factories to Germany's fashion stores for the coming summer season. E L R International Textiles Trading, the German Importer, hopes to speed up delivery by augmenting charter flights carried on 707F's with
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    SOS ends with a surplus
    93 12 THE Samaritans of Singapore ended their financial year with a surplus of $8,536, bringing total accumulated funds to $60,700. Donations from the public and various organisations had eased the Samaritans' total expenditure last year of $57,249, a major part of which was caused by removal
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    PT Airfast sued
    46 12 SINGAPORE General Aviation Service, In a writ filed with the High Court yesterday, sued P.T. Alrfast Services Indonesia for $303,440.09, allegedly for work done and materials supplied to the defendant. In another suit, filed yesterday, Peng Trading sued Tay Choon Hye for $147,055.53.
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    Two more Kriscoms
    55 12 SINGAPORE Airlines has installed two Kriscom computer terminals in C E's sales centre at C E Tours head office in Shenton House. This is the second set of terminals which have been installed at Singapore C E. The first two were installed at its People's Park Complex
    55 words
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    Lock icon Quakes may have killed more than a million in China
    764 12 UPI HONGKONG, Wed. The most severe earthquake recorded in the world in more than a dozen .years killed at least 655,237 persons and injured more than 779,000 others when it struck North China last July 28, according to a report
    UPI  -  764 words
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    Lock icon Hua's two hurdles
    148 12 Reuter LONDON, Wed. Despite continuing instebility the worst of China's political turmoil appears to be over, the Financial Times said in an editorial yesterday. But it added that at least two major hurdles remained before Chairman Hua Kuofeng could achieve his economic goals to prepare for major
    Reuter  -  148 words
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    Sembawang yard's side of the story
    553 12 SEMBAWANG Shipyard's managing director, Mr. Neville Watson, told Business Times yesterday that he was surprised that the Ministry of Labour allegedly condemned the shipyard's attendancescheme, when it has not had any prior communication with the shipyard at all. A report in the Straits Times
    553 words
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    NPB'S SUPERVISOR, STORES COURSES
    204 12 THE National Productivity Board will be holding courses on "The supervisor and his Job" and on "Materials store accounting and control" next month at the NPB Town Training Centre. Scheduled from Feb 1 to 14, the evening course for supervisors will aim to aqualnt the supervisor
    204 words
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    Lock icon US tax law sends them packing
    492 12 AP JEDDAH, Wed. Growing numbers of Americans working in this oil rich klngdom are threatening to return home because of a new US law aimed at eliminating tax benefits for citizens working overseas. Scores of Americans have already decided to head back to the
    AP  -  492 words
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    Lock icon Praphas may return home a free man
    238 12 Reuter BANGKOK, Wed. j Former Thai military ruler; Praphas Charusathien is exCted to return to Thaid from exile in Taiwan by the end of the month, family sources said today. The 63-year-old Marshal Praphas, who left Thailand after student-led demonstrations resulted in 72
    Reuter  -  238 words
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    Mecair wins $2.5 mil deal
    78 12 MECAIR, contracting arm of the lAC Group, a wholly owned subsidiary of Carrier International Corporation (CIC), has been awarded a $2.5 million contract for the installation of all air conditioning equipment In the Lucky Plaza shopping centre development in Orchard Road. Lucky Plaza, a $200
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    ITC meeting to discuss Bolivia stand
    401 12 LONDON, Wed. The International Tin Council's one-day meeting starting tomorrow has been extended for another day to allow for a thorough discussion of the problems created by Bolivia's decision not to ratify the fifth International Tin Agreement. Malaysia's Trade Commissioner to Britain, Enclk Abdul
    401 words
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    Lock icon More for budget
    100 12 Reuter TOKYO, Wed. The Cabinet formally approved a supplementary budget totalling 354 billion yen (552.97 billion) for the 1976 fiscal year ending March 31, of which 263 billion will be spent on public works, the Finance Ministry said. The Cabinet also approved addition of 334 billion yen
    Reuter  -  100 words
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    Lock icon Japan cars lead in KL
    77 12 Reuter KUALA LUMPUR, Wed. Japanese cars accounted for about 60 per cent of total car sales In Malaysia In 1976, against 49.6 per cent in 1975 figures from the Malaysian Motor Traders Association show. Toyota, Datsun, Mitsubishi and Mazda were the most popular with Ford
    Reuter  -  77 words
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    Lock icon No rapid advance
    81 12 Reuter SYDNEY. Wed. No rapid advance to more bouyant economic conditions in Australla is in sight, and evidence of any quickening in business activity is tentative and inconclusive, the Bank of New South Wales said In its annual report for the year ended Sept 30. "Yet a
    Reuter  -  81 words
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