The Business Times, 7 January 1977
1977-01-07
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The Business Times
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Title Section10 1977-01-07 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, JANUARY 7, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article73 1977-01-07 1 IT Is estimated that over the last 10 days the nation's two largest Chinese language dallies, the Nanyang Slang Pau and the Sin Chew Jit Poh, grossed an estimated $118,000 from post-election congratulatory messages in their Singapore editions. This has caused the People's Action Party (to whom these73 words
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Article72 1977-01-07 1 KUALA LUMPUR, Thurs. Kopl-o Is now M 25 cents a cup, this has been agreed to by the Trade and Industry Ministry. Acting Minister, Datuk Mohamed Rahmat, In a statement today said the Government had agreed to the application by coffee shopkeepers In Selangor for a72 words
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Article55 1977-01-07 1 UPI BANGKOK, Thur3. Vietnam at the end of January will stamp out official recognition of any leading organisation except the Communist Party, reports reaching here said today. The official Vietnam News Agency said the Vietnam Central Committee will hold a central committee meeting or congress InUPI - 55 words
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Article46 1977-01-07 1 Reuter AMERICUS, (Georgia), Thurs. President-elect Jimmy Carter today announced that Mr. Sidney Harman, a 59-year-old New York businessman, will be Under Secretary of Commerce in his new administration. Mr Harman is board chairman of Harman International Industries, a manufacturer of stereo equipment. Reuter.Reuter - 46 words
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Article60 1977-01-07 1 Reuter HONGKONG, Thurs. Hongkong's Royal Observatory today recorded a severe earthquake with its epicentre In the northern part of New Guinea about 4,100 km south-east of here, it was announced. The magnitude of the earthquake recorded at 1419 local (0619 GMT), was estimated to be 6.9Reuter - 60 words
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Article36 1977-01-07 1 AP COLOMBO, Thurs. Railway workers Ignored a government order to return to work today, and government clerks walked off their jobs in sympathy. Military units reinforced police patrols to prevent possible labour trouble. AP.AP - 36 words
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Article45 1977-01-07 1 LONDON, Thurs. Hopes of a reduction In the minimum lending rate tomorrow and the government broker's withdrawal of the long "tap price, as well as stock shortages, helped push the Financial Times index up 8.0 to 370.7 at 3 p.m. today.45 words
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Article44 1977-01-07 1 UPI NEW YORK, Thurs. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 982.96, up 4.90; 20 transp 233.89, up 0.68; 15 utils 107.91, up 0.32; 65 stocks 320.06, up 1.31. UPI.UPI - 44 words
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Chief Price Changes
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Article110 1977-01-07 1 Rites Most active Oolden Hope $3.50 .30 Haw Par 414,000 Kullm (M) $1.07 .27 V* Central Sugars 260,000 Rah. Hyd. $2.92 .22 Pan Electric 117,000 S. Trading D Keramat Prima Khong Ouan O.C.B.C. M FlowPaper Prod. Setron U.M. Works Fall M. Tab&cco New S.T.P. Hong Leong $5.40110 words
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Article, Illustration185 1977-01-07 1 AFTER initial weakness, trading at the Stock Exchange of Singapore turned bullish yesterday, causing most shares to end higher. Lower-priced issues benefited most from the buying activity. The Business Times index rose 1.29 points to 276.53 while the Straits Times Industrial average was up 1.15 points to185 words
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Article, Illustration1489 1977-01-07 1 JOHN TAN - FOR MAN IN THE STREET. By JOHN TAN LIFE this year may not be as tough as all the official calls for belt-tightening last year might have led citizens to fear. Despite the undeniably poor markets for some local exports, caused by a generally weak1,489 words
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402 1977-01-07 1 MR. Jack Chla, chairman of Jack Chia-MPH, yesterday denied that he had any plans to take over Far Eastern Publishers International, the Cho Jock Kim company which was put Into the hands of receivers a week ago. Mr. Chia's group of companies402 words
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Article254 1977-01-07 1 MALAYAN Breweries has awarded the job of promoting its famous "Anchor" beer to Batey Advertising, the leading »ncy which was responslfor the "Singapore Olrl" campaign on Singapore Airlines' flight hostesses. A spokesman for MB said last night: "I can confirm that, with effect from March254 words
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Article95 1977-01-07 1 A. TRADE and goodwill mission from the Pour chambers of commerce and the Singapore Manufacturers Association will leave on Feb 22 for a 15-day tour of several West Asian countries. The 25-member mission, organised bv the Malay Chamber of Commerce, alms to promote trade, goodwill and the95 words
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Article82 1977-01-07 1 Reuter KUALA LUMPUR, Than. The Straits tia price la Peaaag rese a hove the International Tla Agreement's Mf 1,125 per |M ceiling with n vnnee to *****-1/8, Mn reported. Dealers else reported worldwide demand, with Japaneee and U8 haying intoreet particularly strong. Official tornevor rose sharplyReuter - 82 words
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Article208 1977-01-07 1 AP LONDON, Thurs. A group of insurance brokers at Lloyd's of London has been defrauded of more than £40 million (Bsl6B million) over a two-year period by an agent who Is now out of the country, the Dally Telegraph reported today. The report said someAP - 208 words
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Article27 1977-01-07 1 UPI MANILA,- Thurs.— A Philippine economic and trade mission will visit Vietnam In Kebruary for exploratory talks, the Philippine Chamber of Commerce said today. UPIUPI - 27 words
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232 1977-01-07 1 UPI JAKARTA, Thurs. President Suharto has defended oil price hikes set by Indonesia and other oilexporting countries and said the Increases were aimed at realising a new world economic order because the present one "is extremely unjust". Mr. Suharto justified the oil price increases setUPI - 232 words
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Article, Illustration656 1977-01-07 1 Reuter LONDON, Thurs. Extradition proceedings against British financier Jim Slater, wanted by the Singapore Government on criminal charges, were misconceived in law, his counsel said here today. Counsel made the claim as the second day of the hearing developed into a wrangle over court procedure.Reuter - 656 words
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Page 1 Advertisements
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Advertisement71 1977-01-07 1 Get advanced copying technolog n I'' li If SEE PAGE 2 INSIDE OvertMi mwi/ TV A Radio P 2 Overseas new*/ Features P 3 Local Co news P 4 International Co news P 5 Local stocks P 6 Overseas stocks P 7 Commodities P 8 Transport A ComD munications —P71 words
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Advertisement126 1977-01-07 1 Get around fairway problems urftfi tfie PGflPar~€x The set with the^wood The PGA Par-Ex Golf Clubs present a break through in golf club design. Take the Par-Ex 7-wood for example. We increased the loft and shaft of this well-constructed club to help you get the ball up for distance. Likewise,126 words
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Advertisement81 1977-01-07 1 DIPLOMACY Singapore: *****3 *****5 (Airport) Kuala Lumpur: *****/7 Penang ***** Providing full merchant banking services throughout South East Asia. A merchant bank owned by The Chartered Bank, a member of the Standard Chartered Bank Group, and Arbuthnot Latham Co., Limited, a member of the Accepting Houses Committee in the City81 words
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OVERSEAS
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303 1977-01-07 2 AP BOSTON, Thurs. Israel is selling sophisticated electronic warfare gear to US allies in many cases where the US Defence Department had delayed or refused permission for export by the American manufacturer, the Christian Science Monitor reported today. In a dispatch fromAP - 303 words
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Article273 1977-01-07 2 AP RIO DE JANEIRO, Thurs. Brazil more than doubled Its coffee export earnings In 1976 although the volume exported Increased only by about seven per cent, according to figures announced here yesterday. The Brazilian coffee Institute said that the country earned U552.32 billion (555.62 billion) fromAP - 273 words
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261 1977-01-07 2 UPI ISLAMABAD, Thurs. Pakistan Prime Minister Zulfikar All Bhutto yesterday announced a series of agrarian measures which are expected to improve considerably his party's Image in the general elections to be held in March. The measures were contained in a 14-point programme.UPI - 261 words
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Article, Illustration53 1977-01-07 2 NEW YORK, Thurs. Commissioner of consumer affairs for New York City, Eleanor Guggenheimcr, is busy on the phone as she has a cup of tea at her New York office. She wears a button saying "Bring Down Prices Don't Drink Coffee", in support of a coffee boycott.AP photo - 53 words
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270 1977-01-07 2 AP BOGOTA (Colombia), Thurs. Practically Ignoring boycotts by consumers in the United States and Canada, Colombian exporters said they would maintain coffee exports at current levels and predicted even higher prices in the next few months. "Coffee quotations are regulated by the supply andAP - 270 words
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Article168 1977-01-07 2 WASHINGTON. Thurs. Forty-one liberal members of the US Congress Joined In a push yesterday to enlarge President-elect Jimmy Carter's economic stimulus programme and focus It primarily on job creation rather than tax cuts. The Carter plan Is expected to be disclosed on Friday at168 words
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Article158 1977-01-07 2 Reuter NEW YORK, Thurs. Venezuela is raising a US$l.2 billion (552.9 billion) loan, a record size for the Euromarkets. bankers close to the loan talks said here. The loan is for development finance and a syndicate of 18 banks Is In the process ofReuter - 158 words
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Article405 1977-01-07 2 AP UPI CARACAS. Thurs. The < US$BOO million organlsa- < tlon of Petroleum Exporting Countries (Opec) fund, < designed to help oil-poor I developing states cope with < high oil prices, will be In- < creased by US$l billion I (552.45 billion), Venezuela's Finance MinisterAP; UPI - 405 words
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Article355 1977-01-07 2 GADDAFI ON AMERICAN PRESENCE UPI MANILA, Thurs. Colonel Gaddafi of Libya says he does not see a need for the continued presence of US bases in the Philippines, and doubts the Americans are willing to die to defend the island republic. Col. Gaddafi was interviewedUPI - 355 words
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387 1977-01-07 2 AP BONN, Thurs. The announcement of a drastic rise in unemployment in West Germany has added fuel to the debate that Jobs may be created only if those currently employed voluntarily work fewer hours for less pay. The Federal Labour Office announced yesterdayAP - 387 words
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347 1977-01-07 2 UPI WASHINGTON, Thurs. In an effort to counter aggressive competitive financing terms offered by other industrial powers, the US Export-Import Bank announced yesterday that It is lowering its annual interest rates on direct credit authorisation for American export sales. Eximbank, an independent government agencyUPI - 347 words
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Article82 1977-01-07 2 Reuter PARIS, Thurs. French Prime Minister Raymond Barre will have talks with his British opposite number James Callaghan and Chancellor of the Exchequer Denis Healey during a private visit to London next Tuesday, his office announced yesterday. It will be Mr-Barre's first visit to Britain since heReuter - 82 words
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Article234 1977-01-07 2 AP TEL AVIV. Thurs. The average Israeli family •pends nearly US$BO (Ssl%) more than it earns and incurs new debts of $33 every month, government statisticians said yesterday. The latest piece of economic gloom to hit the public came amid a flurry of labour disputes,AP - 234 words
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Article145 1977-01-07 2 AP SANTIAGO (Chile), Thurs. An American drilling platform leased by Chile has struck oil at three out of five exploration wells In the Straits of Magellan, Chilean officials report. The successful probes were the first ever made In the Straits, which separate the mainland fromAP - 145 words
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Article24 1977-01-07 2 PARIS, Thurs. French President Valery Oiscard d'Estalng will visit Saudi Arabia from Jan 22 to 25, a Presidential spokesman said here yesterday.24 words
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Article, Illustration287 1977-01-07 2 Reuter BRUSSELS, Thurs. Former British Home Secretary Roy Jenkins (above) today becomes President of the European Common Market's executive commission In charge of Initiating and watching over community policy. Mr. Jenkins, 55, will have to apply his passionate belief in the ideal ofReuter - 287 words
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72 1977-01-07 2 Reuter WASHINGTON, Thurs. President Ford has approved an extension of a 1975 route swap agreement between Pan American World Airways and Trans World Airlines until March 2, 1978, the Civil Aeronautics Board (CAB) said yesterday. The CAB said the agreement was saving the airlinesReuter - 72 words
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Article, Illustration280 1977-01-07 3 LONDON, Thursday Reuter CHANCELLOR of the Exchequor Denis Healey told the National Economic Development Council Britain is on target for domestic credit expansion of S9 billion as forecast for the current financial year, NEDC director General Sir Ronald Mcintosh said. Mr. Healey reportedReuter - 280 words
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304 1977-01-07 3 No accord in sight for balances Reuter LONDON, Thurs. Agreement on the £6 billion of foreign-held sterling balances may not emerge from the meeting of Central Bank governors from the main industrial countries at the Bank for International Settlement In Basle next week. In Tokyo yesterday, Bank of Japan governorReuter - 304 words
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472 1977-01-07 3 PARIS, Thursday TO THRASH OUT WORLD SHIPBUILDING CRISIS Reuter EUROPEAN Economic Community countries have insisted on talks being held here next week, to thrash out the world shipbuilding crisis, even though Japan has said it will be unable to send a delegation fromReuter - 472 words
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Article225 1977-01-07 3 Reuter TOKYO, Thurs. The Bank of Japan has an open mind on the question of whether a cut In the present 6.5 per cent bank rate is required in the near future, bank governor Teiichtro Morinaga said. He told newsmen he will discussReuter - 225 words
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Article142 1977-01-07 3 Reuter JOHANNESBURG, Thurs. Krugerrand sales fell to 205,000 coins In December from 461,000 In November (compared with 275,800 In December 1975), International Gold Corp manager Don Mckay-Cog-hlll said. He told Reuters that 3,005,000 coins were sold last year, compared with 4,804,000 in 1975 and 3,204,000 In 1974.Reuter - 142 words
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1249 1977-01-07 3 A.H. RASKIN - Labour, in conjunction with powerful elements in management, is resistant to any form of Government pressure on the incomes side, but is strongly in favour of action to build walls against imports. The union view is that workers haveNYT - 1,249 words
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Article36 1977-01-07 3 Reuter OSLO. Thurs. Norway's trade deficit widened to 2.2 billion crowns in October, from revised shortfalls of 1.5 billion in September and 1.4 billion in October 1975, the National Bureau of Statistics said. Reuter.Reuter - 36 words
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Article139 1977-01-07 3 Reuter TOKYO, Thurs. Japan's December letter of credit exports rose 12.6 per cent to a new peak of US$4.6B billion from US$4.l5 billion In December last year, the Bank of Japan said. The previous peak was U554.35 billion in July this year, the bank said. TheReuter - 139 words
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216 1977-01-07 3 Reuter WASHINGTON, Thurs. The Soviet Union will still have to import large quantitites of US grain despite Its announcement of a record grain crop, US Assistant Agriculture Secretary Richard Bell said yesterday. Mr Bell, who recently returned from a Soviet visit, saidReuter - 216 words
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Article34 1977-01-07 3 Reuter ZURICH, Thurs. Switzerland's Ml money supply expanded 8.6 per cent in the year to endOctober compared with 8.7 per cent in the year to endSeptember, provisional National Bank figures show. Reuter.Reuter - 34 words
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288 1977-01-07 3 Reuter ROME, Thurs. Leader® of the government and trade unions failed today to agree on a proposal to curb wage increases as a way of trimming Italy's damaging inflation. A meeting lasting into the early hours of the morning ended with unions flatlyReuter - 288 words
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448 1977-01-07 3 Reuter AMSTERDAM, Thurs. The reopening of the Dutch private capital market to foreign borrowers Is aimed at reducing Holland's considerable balance of payments surplus, but strict controls will be applied to ensure that Interest rates do not rise, capital market sources said. The NederlandscheReuter - 448 words
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Article85 1977-01-07 3 Reuter BRUSSELS, Thurs. Belgium's foreign currency reserves rose 4.2 billion francs to 85.86 billion in the 10 days ended Jan 3, the National Bank's weekly return shows. This follows a rise of 694 million in the four days before Christmas. Informed sources said the rise resultedReuter - 85 words
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Page 2 Advertisements
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Advertisement157 1977-01-07 2 V > V m/i 12 353 Vas K o < N i 1 i> 3T s£ I) •v Chivas Regal Scotland's prince of whiskies f Another fine product brought to you by (private) ltd. 875. BUKII TIMAH ROAI> 6 m SINGAPORE. I" TEL 6669 J PO B.« KI2J. KUALA LUMPUR157 words
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Page 2 Miscellaneous
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Miscellaneous51 1977-01-07 2 ft WEATHER report for 24 hours prior to 7.30 p.m. on Jan 6 at Singapore airport: Maximum temperature 27.2° C Associated humidity 83 Minimum temperature 23.0° C Associated humidity 98 Hours of sunshine 0.20 Rainfall in millimetres 4.1 Total rainfall for the month 47.0 Total rainy days for the month51 words
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Miscellaneous256 1977-01-07 2 SINGAPORE 5 3.00 P.M. Opening Announcements followed by Housewives' Matinee "A Time to Remember" (r) with superimposed English/Chinese subtitles Pt. 2 of a Mandarin Film 3.55 Diary of Events (Chinese) 4.00 Window (Chinese) (r) 4.30 Intermission 6.05 P.M. Opening and Exercise with Gloria 6.30 News in Brief 6.35 Wild, wild256 words
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Page 3 Advertisements
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Advertisement251 1977-01-07 3 Remarkable handcrafted shoes A legacy from Signer Marelli Exclusive to Americaya Very many years ago, in Italy, there existed an exceptionally skillful bespoke bootmaker one Signor Marelli. Signor Marelli's skill in fashioning and working leather earned him a widespread reputation and guaranteed him a steady clientele. The dandy gentlemen of251 words
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COMPANY NEWS
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Article345 1977-01-07 4 Current Ex Date Total for Total for payment Onto payable the year previous year Aokam 18% Nov 29 Jan 25% 25% Kulim 10% Dec 10 Jan 10%+ 12.5% Malayan Tin 43.08% Nov 24 Jan 67.69% 78.5% Sthn. Malaysian Tin 47.98% Nov 24 Jan 72.6% 65.4% Tongkah Harbour 6%345 words
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Article265 1977-01-07 4 GUTHRIE Corporation, the largest producer of natural rubber in the world, is in the concluding stages of a complex restructuring plan in which the remainder of its plantation assets in Malaysia will be held by Malaysian incorporated subsidiaries of the group. The corporation has already265 words
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125 1977-01-07 4 THE Kuala Lumpur Stock Exchange has requested William Jacks (M) to supply more information on Straits Steamship's proposed acquisition of 2.90 million Msl shares in the company. Steamers announced on Dec 31, 1976 that it hac reached agreement to acquire the shares125 words
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1283 1977-01-07 4 THE STOCK EXCHANGE IN 1976 FOR most Investors and dabblers, 1976 may not have been a very exciting and profitable year. But it was for those who went for the lower-priced Issues. Quite a number of these counters outperformed the market, with gains of up1,283 words
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COMPANY MEETINGS
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23 1977-01-07 4 THE following meetings are due: Jan 18. 11.30 a.m., 4th Floor Bangunan MIDF 117, Jalan Ampang, Kuala Lumpur.23 words
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Article14 1977-01-07 4 Jan 21, 12 noon, at Raffles Hotel, Beach Road. Singapore 7.14 words
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Article14 1977-01-07 4 Cycle Carriage Ltd. Jan 22. 12 noon. Mandarin Hotel, 333 Orchard Road. Singapore 9.14 words
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Article19 1977-01-07 4 Jan 29, at the Board Room, 3rd Floor, Bangunan UMBC, Jalan Sulaiman, Kuala Lumpur.19 words
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Article17 1977-01-07 4 Jan 30. 11 a.m.. Registered Office, No. 6-2 Jalan Fatlmah, Batu Pahat, Johore.17 words
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Article35 1977-01-07 4 FOREIGNERS beneficially owned or controlled 1.18 per cent of Hong Leong Finance's paid-up capital of $15.40 million at Dec 31. 1976. The company says this was based on declarations received at that date.35 words
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Article865 1977-01-07 4 NYT SOME investors who favour dark horses, or secondary issues, did very well In the stock market last year. Those who bought shares of Teledyne, Bally Manufacturing or Brush Wellman should be especially happy. The three stocks turned in the best percentage gains on the New YorkNYT - 865 words
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Article339 1977-01-07 4 Reuter KUALA LUMPUR. Thurs. West Malaysian crude palm oil production rose to 131,419 tonnes In October 1976 from a revised figure of 113,221 tonnes In September, Statistics Department figures show. Crude palm oil exports also rose to 79,141 tonnes from 53.586 tonnes In September andReuter - 339 words
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Article1146 1977-01-07 4 On January 5 PRICES on the Chicago Board Options Exchange declined, with losers topping gainers, 503 to 47 on Wednesday. Turnover approximated 104,984 contracts, compared with 105,760 contracts on Tuesday. OPTION JAN APL JLY 8TOCK Alcoa 49 UNTRD NOL NOL 99 1/4 Alcoa 90 9 3/4 71,146 words
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Page 4 Advertisements
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Advertisement294 1977-01-07 4 Tt s,— 3 The three basic needs and the three ports of Britannica 3 1. To g«t at the facts often a single fact easily and quickly, without having to reed a long article in -which that fact is embedded. This need is served by the 10-volume Micropaedia, or Ready294 words
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INTERNATIONAL COMPANY NEWS
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222 1977-01-07 5 Reuter TOKYO, Thurs. Six Japanese copper smelters will start negotiations shortly with three major copper suppliers Bougainville Copper, Freeport Indonesia Inc and Canada's Lornex Mining Corp for a rise in treatment and refining charges on imported copper concentrates, Mitsubishi Metal Corp said. It saidReuter - 222 words
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Article150 1977-01-07 5 Reuter SYDNEY, Thurs. Broken Hill Pty said it will spend Ass 3 million on rellning and modifying its No 5 blast furnace at Pork Kembla, New South Wales. The modifications will extend the life of the furnace another five and a half years,Reuter - 150 words
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Article93 1977-01-07 5 HONGKONG, Thurs. Unaudited group net profit at World International (Holdings) rose to HK517.24 million from $15.84 million for the first six months ended Sept 30, 1976. It Is paying an Interim dividend of six cents (same) on the capital as Increased by a one-for-four scrip Issue93 words
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Article477 1977-01-07 5 North Sea oil Reuter LONDON, Thurs. The British Government is now confident that all international oil companies operating in the British North Sea will agree to government participation following the deal announced today with Shell and Esso, senior government sources said. Energy Secretary Tony Benn expectsReuter - 477 words
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Article204 1977-01-07 5 Reuter LONDON, Thurs. The Energy Department said the British National Oil Corporation will sell back participation oil to Shell/Esso if their* UK output does not meet their UK needs. The companies have promised to use output from existing North Sea licences In support ofReuter - 204 words
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594 1977-01-07 5 NYT NEW YORK, Thurs. A four-member committee of directors of Oenesco Inc., formed to search for a new chief executive for the troubled company, has decided to go outside the company with all deliberate speed. A successful candidate is expected to be namedNYT - 594 words
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Article158 1977-01-07 5 Reuter ZURICH, Thurs. The Swiss National Bank raised the celling on total loans by foreign borrowers on the Swiss bond market to around 500 million francs for January and February combined from 460 million francs previously, a National Bank spokesman said. Banking sources said the decision takesReuter - 158 words
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734 1977-01-07 5 NYT DETROIT, Thurs. Lawyers for Mr. W. Michael Blumenthal, the Treasury Secretary-designate, and Bendix Corporation are pondering ways to settle a portion of Mr. Blumenthal's contract with Bendix that provided for a consultant's fee of approximately U5523,000 a year for life effective at theNYT - 734 words
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330 1977-01-07 5 Wilkins Mitchell halves deficit LONDON, Thurs. Domestic appliance and power press manufacturers Wllklns and Mitchell halved Its loss position for the 26 weeks ended Oct 2, 1976. On sales, lower at £20.78 million against £21.74 million, there was a deficit of £508,000 compared with £1.14 million last time. The total330 words
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Article115 1977-01-07 5 Reuter WASHINGTON, Thurs. The Securities and Exchange Commission field its initial report on securities services offered by banks but did not make any legislative proposals to Congress. The SEC said it needed more time to evaluate the different services and their effect on the securities industryReuter - 115 words
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615 1977-01-07 5 JAMES BARTHOLOMEW - By JAMES BARTHOLOMEW FT THE first full year of unit trusts investing directly in commodities has been a success, but only a qualified success. The timing of the launches was generally good and excellent sales were made as the commodity markets took off inFT - 615 words
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584 1977-01-07 5 FT STOCKHOLM, Thurs— Gotaverken, the Swedish shipbuilding group, Is to build 16 vessels for stock between now and the end of 1978 In an attempt to maintain some level of employment at Its yards. At the same time, Salenlnvest, the holding company of theFT - 584 words
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Briefly
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Article89 1977-01-07 5 TOKYO, Thurs. The Tokyo Stock Exchange said the outstanding balance of buying In margin trading In Tokyo, Osaka and Nagoya stock exchanges as of Dec 25 last year rose to a new peak of 883.6 billion yen from 835.5 billion a week previously. It said the sharp89 words
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Article28 1977-01-07 5 LONDON, Thurs. Electricians at the Rubery Owen components factory have voted to end their strike which has disrupted output for four weeks a company spokesman said.28 words
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Article69 1977-01-07 5 Reuter WASHINGTON.Thurs.— The Treasury Department said It will roll-over Its maturities at next Monday's regular weekly auction of three and six month treasury bills, when It will offer a total of US$5.9 billion of bills to replace the same amount of maturities. The offering will comprise $2.4 billion ofReuter - 69 words
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Article67 1977-01-07 5 PARIS. Thurs. Imperial Chemical Industries Is seeking a new site on the north west coast of mainland Europe suitable for developlng any aspect of Its chemical activities, an ICI spokesman said. ICI does not have suitable space to expand existing sites in continental Europe and hopes67 words
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Article50 1977-01-07 5 SYDNEY, Thurs. Mount Isa Mines said It raised its copper price by A 960 to $1,240 per tonne, effective today. This is the company's first copper price rise since the 13.5 per cent Increase announced on Nov 29, In the wake of the devaluation of the Australian dollar.50 words
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Article90 1977-01-07 5 TOKYO.Thurs.- Securities companies have begun selling 100 billion yen worth of five-year discount government bonds, the Finance Ministry said. The bonds, designed to be more attractive to the public than the previous 10year coupon-bearing issues, are priced at 68.75 yen per 100 yen nominal to yield 7.781 per90 words
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Article33 1977-01-07 5 LONDON, Thurs. The Bank of England said no conversion offer will be made for holdings of Treasury 6-1/4 per cent 1977. The stock will be redeemed at par on March 10.33 words
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Article26 1977-01-07 5 ZURICH,Thurs. The Republic of Austria plans to float an 80 million franc, 15year loan on the Swiss market later this month, primary market sources said.26 words
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Article339 1977-01-07 5 Hawkins Tipson suffers setback FT LONDON, Thurs. In adverse trading, conditions pre-tax profit at Hawkins and Tipson declined from £1.2 million to £844,000 In the year ended Aug 31, 1976. This followed a sharp turndown from a peak £549,000 to €280,000 at the halfway stage. Forecasting is hazardous but presentFT - 339 words
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Article230 1977-01-07 5 LONDON, Thurs. Recovery continued at commercial vehicle manufacturer Fodens In the 28 weeks to Oct 16, 1976. Sales took a sharp Jump from £13.44 million to £22.91 million and there was a pre-tax profit of £43,000 against a loss of £797,000 for the same period230 words
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Page 5 Advertisements
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Advertisement280 1977-01-07 5 Departing every luesday&Thursday Other PIA Destinations: Amsterdam Athens Bombay Bangkok Colombo Copenhagen Dacca Delhi Frankfurt Istanbul Karachi Kuala Lumpur Lahore London Manila Nairobi Paris Peking Quetta Rawalpindi (Islamabad) Shanghai Singapore Tokyo Contact your travel agent or r APIA Pakistan Inter Pakistan International Great people to fly with Thong Teck Building,280 words
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Article2063 1977-01-07 6 SECTION ONE INDUSTRIALS 1*71/77 High Low Company Last Sale +orGr's div Div e'rr Gr's yld Net P/E vol p*y, ('0001 High Low 175* 206 100 237 186 402 204 248 460 137 133 172 60 185 66 254 149 172 394 39 Acma Alcorn Allied Choc Bata2,063 words
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Article1410 1977-01-07 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 unltt unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett/' Big Board1,410 words
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Article1263 1977-01-07 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Slock Exchange yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified INDUSTRIALS AMI (1.498). XD. AjtoMwta (l »BBi. AMwa (2.138 2 208) A.M.O.1,263 words
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Article143 1977-01-07 6 SINGAPORE UNIT TRU8T iMiupn' prteM far Ju. 7> INCOME BOND UNIT (Cvrrnt price*) The Commerce 1.77 1.87 The 8arlnf Fund O.M 1.01 S pore Prof Fund O.M 0.85 S pore Security rund .130 137 Spore Invest Fund ..1.07 1.13 ASIA UNIT TRUST (Ma eager*' price* far Ju. 7)143 words
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Article171 1977-01-07 6 B O T 8 1/2% mi (100,000) (103 SB 104SS) D B S 8 I/2% 19*2 (100.000) (1008 101S) DBS Convert* 6 1/2% 1991 (100,000) (988 98SS) E I B 9% 1982 (100.000) (104 SB 104 SS) E I B 9% 1982 (75.000X1)104 Vi E I B171 words
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Article117 1977-01-07 6 5 1/2% 1/12/77 (1.000.000) (101.568 101.665) 5 1/2% 15/4/78 (1,000.000) (101 658 101 70S) 5 1/4% 15/7/78 (1.000,000) (101.358 101 455) S 1/2% 15/8/78 (1,000,000) (103.308 103 40S) 7% 1/7/79 (1,000,000) (104.838 104.938) 5 1/4% 15/10/79 (1,000,000) (100.808 100.90S) S 3/4% 15/S/80 (1,000,000) (102.958 103.055) S 3/4%117 words
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Page 6 Advertisements
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Advertisement122 1977-01-07 6 mmmu meomsTM irnoi with nam pwumms HOMf STUOIIS DIVISION WOLSEY HALL COURSES Professional Examination Courses Institute of Administrative Management Institute of Bankers Inst, of Chartered Secretaries and Administrators Institute of Statisticians London Chamber of Commerce and Industry Business studies courses Economics Commerce Administrative Practice Secretarial Company Secretarial Practice General Principles122 words
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Article624 1977-01-07 7 THE Stock Exchange of Singapore yesterday saw the resurgence of buyers which sent moat of the prices higher in moderate and selective trading. In some cases the gains ranged up to 10 per cent or ■ore. This was particularly so among the second and third liners,624 words
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Article548 1977-01-07 7 BUYERS staged a strong comeback in the closing minutes to push prices to their peaks in active trading on the Kuala Lumpur share market yesterday. Opening on a hesitant mood, prices hovered at around overnight levels for the better part of the morning. Interest In548 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1187 1977-01-07 7 NEW YORK: Stock prices Ml sharply and extended the new year's slide to three sessions on Wednesday. Profit-taking and disappointment over the market's sloppy performance since the turn of the year headed the list of depressants for the market, analysts said. They suggested, too, that many traders were1,187 words
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Article394 1977-01-07 7 PARIB: The market was generally Higher on Wednesday, aided according to some dealers by a switching of International funds from the US due to the downturn in Wall street and slight firming of some US shortterm Interest rates. The largest gains of four to six Cr cent Included J.394 words
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Article319 1977-01-07 7 TORONTO: All sectors of the Toronto market recorded a r c< *ly lower prices on Wednesday, as the composite «2L 2 1 ?pp ed nearl y »0 points to 994.9 In light trading. Among the major changes. Shell Canada fell V 9 to 14-1/4, Chrysler declined 1 to 19-3/4319 words
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Article317 1977-01-07 7 ZURICH: The market was irregular on Wednesday with an easier bias, following Wall Street's decline, with some institutional buying at lower levels reducing earlier losses, dealers said. A favourable Swissair profit forecast for 1970 and prospects of a dividend increase were largely discounted, they said. Banks and flnanclals generally317 words
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Article154 1977-01-07 7 BRUSSELS: The market was quietly mixed In thin accountday trading on Wednesday, dealers said. Local Issues to rise Included FN, ACEC, UCB and CBR while Cockarill, Elactrobel. Clabseo. Wacom-Lite, 9t Reek and Arfcad feU. US stocks were depressed by Wall Street. German and Dutch stocks also eased. French issues154 words
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Article179 1977-01-07 7 MILAN: The market closed on Wednesday mixed in selectively active trading, dealers said. Both Pirelli's rose on unconfirmed reports of a Leopoldo Pirelli press conference expected shortly, with Pirelli E C 310 lire higher at 2,440 and Pirelli Spa 77 lire higher at 1,522. Among firmer industrials Fiat, Sala179 words
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Article368 1977-01-07 7 JOHANNESBURG Oold shares traded slightly off the top on Wednesday toward the close on small bouts of profit-taking, dealers said. Financial minings were quietly mixed. Do Boors ruled three cents up at 370 after a high of 372. Coppers remained firm ana platinums lower. In other minerals Gefce gained368 words
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Article270 1977-01-07 7 FRANKFURT: Bhares eased mostly two marks on Wednesday mainly In technical reaction to recent firmness, market sources said. Leading losers were Karat adt 0.50 marks, Dalalsr four and VM three Public bonds firmed mostly up to 0.90 marks and occasionally up to one mark. The regulating authorities sold 75270 words
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Article281 1977-01-07 7 AMSTERDAM: the market opened steady on Wednesday but fell back on profit-taking and some shares finished with siaeabte losses, dealers said. Uailovor led Dutch Internationals 1.20 guilders lower. Elsewhere Hal and Fakkor were isolated gainers among otherwise weaker shippings, industrials and trading stocks. Insurances were mixed but banks firmed,281 words
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Article152 1977-01-07 7 MANILA: The market was generally lower on Thursday, although mining leaders steadied, following a fall In metal prices. Marindoqur B was firmer but Philex A. Phil Overseas, and Oriental A lost ground. Unchanged Issues Included Acoje Mining. Atlas Con A and B, Bukuio Gold. l<epanto B. Philex B. PI.DT.152 words
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Article423 1977-01-07 7 SYDNEY: The market was generally firm on Thursday, although late profit-taking pared some gains after a strong opening, dealers said. The Sydney All-Ordlnarles Index rose 1.41 points to close at 438 62 Institutions were beginning to re-enter the market, with volume picking up after the holiday period. BHP closed423 words
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Article515 1977-01-07 7 TOKYO: Shares continued to decline throughout Thursday on technical factors and the fall on Wall Street overnight. The Dow Jones average lost 32.80 to close at ,4,950.77 with volume of 300 million shares. The New index closed at 378.38 down 4.15. Electrlcals, motors and export-oriented shares, which led the515 words
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Article444 1977-01-07 7 HONGKONG: The market closed lower on Thursday following the announcement of a half per cent cut In local banks best lending rate to 5.5 per cent, which dealers said Investors had expected and already discounted. They said blue chips led the decline on a lack of buying support In444 words
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Article66 1977-01-07 7 M ■*1M*f«n ItoagtokBun* I0W tm T* (Wnckot Imetl fu ytJTi iv f/viilon gam BUU MJ •1 Derti Jurjft m <*h»roi¥»® TfcM W»» ISM Dome* Dust* Thfcf.i nmtiMM lrndc-TTM< J Ano JHn i« JaMpnilMii c\ wmn TT Knmuvu a Lc*K«anr Mtfi ttouiBui 4 Htni» T^ww» •Ufa Union U4S S+rmfia* Utrnm66 words
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Article73 1977-01-07 7 FINANCIAL TIMES IXDL'STRJ ALB Wedne«da» M f Tuesday Ml Wp»» «(u la i do w jonta Avoua LVDL'STIUAUt Werlnitwlar Tit M Tuesday 9tf tn Week M» M M LONDON DOLL Aft PBCXIUM WMnMdki IX) U> 130** ryMd»v tl««* lo liB^H H.K (UMGWG HMnailv 447 (4 Tuesday «44 N We*k73 words
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Page 7 Advertisements
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Advertisement95 1977-01-07 7 cm me a BRIGHTER FUTURE FOULKS LYNCH Enrol now with FEDERAL PUBLICATIONS Home Studies Division for the following FOULKS LYNCH Courses Association of Certified Accountants Institute of Cost and Management Accountants Association of International Accountants Institute of Taxation Institute of Accounting Staff Society of Company and Commercial Accountants Institute of95 words
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COMMODITY REPORTS AND PRICES
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Article600 1977-01-07 8 OPENING quotations In the Singapore rubber market yesterday were marked down by about one cent, following overseas advices, but the loss was soon regained on covering support with February RSS One rising to 201.50 cents from an opening of 200.50. Past noon, however, renewed liquidation and consignment hedge600 words
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Article105 1977-01-07 8 DAILY SSR and SMR prices at noon yesterday: Jan Feb R.A.S. (Current Mth) (Farwa rd Mth) Buyer* Sellers Buyer* Seller* (cent* per kf) (cent* per kf) SSR 20 (1-ton Pallet) 185.00 186 00N 180.00 187 OON SSR 50 (1-ton Pallet) 182.50 183.50N 183.50 184 50N M.R.E.L.B. Feb105 words
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Article181 1977-01-07 8 THE Btralts tin price In Penang yesterday was up $2.62 1/2 to $1,327.12 l/2per plcul on an official offering up 124 tonnes to 475 tonnes. In LONDON yesterday, tin showed further gains of around £37 per tonne for Cash and £38 for Three Months In both contracts. Fresh181 words
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Article29 1977-01-07 8 Rubber: Jaa Singapore: Jaa 1*7.28 eta. (uncfa) Malaysia: Feb. 207.M eta. (19 0.50 eta) Tin: $1,327.12 ft (up $2.62 ft) Official offering: 475 toonee (up 124 tonnee)29 words
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Article126 1977-01-07 8 LONDON, Thurs. Lead finished the morning £2 up for Cash and £0.75 higher for Three Months. The market traded up to £320 during early dealings but gains were trimmed on the ring and Three Months finished at £316.50 per tonne. Dealers said the market advanced Initially on follow-through speculative126 words
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Article122 1977-01-07 8 The following Palm OU price* i rere quoted In London on Wednesday The prices are elf Rotterdam and are quoted in 1*8 dollar per ton unless otherwise stated Wednesday Prrv. Malaysia SH ffa bulk Mch/Apl 453 sir Sumatra 5% Dec unch. 457 50 sir Jan 462 50 sir122 words
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Article253 1977-01-07 8 CHINESE TRODLCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICt'L YESTERDAY. Coconut OU: Bulk $85 teller*, old drum >90 sellers, new drum SOS sellers. Copra: Mixed (loose) UK/ Cont. 151 buyers. Pepper Muntok ASTA white f.o.b. 100% NLW 1322 -1 sellers. Sarawak white f o b. 98% NLW >307*253 words
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Article352 1977-01-07 8 IN the Singapore gold market yesterday, the kilobar was Initially quoted at 5510,585 and closed at 110,530. The loco London gold opened at U*****.70/133.20 and closed at $132.00/132.50 on selling pressure following the drop In the London and US gold markets on Wednesday night. The London morning fix was352 words
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Article189 1977-01-07 8 LONDON, Thurs. Copper showed net losses of mostly £3.50 per tonne (or both wire bars and cathodes. Dealers said that after recovering Initial losses on the pre-market, values eased back again In the ring with Three Months wire bars finally trading at £832.50. Dealers reported profittaking on a market189 words
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Article345 1977-01-07 8 LONDON, Thurs. Terminal sugar dropped £0.95 (near Mch at £114.60 bid) to 12.25 per tonne at the opening call partly based on New York. But the market later staged at partial rally on hedge lifting and shortcovering in connection with reports by world sugar market sources In New York345 words
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Article118 1977-01-07 8 LONDON, Thurs. Zinc lost £2 per tonne for both Cash and Three Months. After trading from £415 up to £418 In the premarket, all gains were lost during ring dealings where Three Months closed at £414 per tonne. Trade sources said there was no particular feature In this market118 words
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Article130 1977-01-07 8 CHICAGO, Wed. Soybean futures retreated from earlier gains to close one to 3 1/2 cents a bushel lower. After slipping early as Tuesday's advance lacked follow-through, speculative buying picked up on a loss of downside momentum and firmness in meal futures. Commercial selling later prompted speculative liquidation which turned130 words
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Article121 1977-01-07 8 CHICAGO, Wed. Wheat futures closed with gains of 2 1/2 to 1 1/2 cents a bushel on a light trade. After displaying some weakness on speculative selling encouraged by the heavy snows in winter wheat areas and the Soviet announcement of a record grain crop, commercial buying Interest generated121 words
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Article124 1977-01-07 8 LONDON, Thurs. 811 ver was virtually unchanged after quiet dealing* with carries forming the bulk of the turnover of 67 lots. Dealers said the market continued to lack Incentive and ring trading interest remained low. Three Months finally traded at 287.1 pence per troy ounce. On Wednesday afternoon, silver124 words
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Article279 1977-01-07 8 LONDON, Thurs. Robusta futures opened sharply lower, May declining by as much as £90 at one period before recovering slightly by end-call. Values at that time were £52 to £78 down from Wednesday's close, with 530 lots traded, of which 402 lots were traded In May. The official tone279 words
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Article150 1977-01-07 8 BANGKOK, Thurs. Indicative prices for rice quoted In Bangkok yesterday 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 per150 words
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MONEY AND EXCHANGES
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Article507 1977-01-07 8 A FIRM undertone was noted In the US dollar in the Singapore foreign exchange market yesterday in thin trading conditions. The US dollar gained ground against the SlngaSore dollar to hit the 2.4580/85 level at one stage before easing to close at $2.4573/78. Dealers said that lis rise was507 words
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Article147 1977-01-07 8 Asian rates ASIAN currency depoett Interbank rate* u at clow on Jan 6. 7 dan 1 mth 2 rath* 3 mth* 6 mth* Qmth* 12 mth* US Dalian <8po4> Offer Bid 47/» 4V4 4 7/3 4V4 4 13/18 4 13/16 5 4 7/3 3 3/16 11/11 31/16 65/16 3 9/16147 words
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Article42 1977-01-07 8 RANGE of price* offered by discount houses on Jan 6 Overnight It to 3* Call depoalt 2* to 3* Cl« Bay lint SeUiac 3-Month Treasury bills 3 2\ 3-Month Banks bills 4* 4 3-Months CD 4* 4* 6-Month CO 4*42 words
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Article26 1977-01-07 8 Minimum lending rates (in acBL First CMCAtQ ssssfist £fsasr$ B»3tSK "fta 8 Ji H«t«r« JJ Inunna °0B r>i*«t»rv4 S*nk UCB 7 UMBC 7 IV IIOH flk26 words
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Article138 1977-01-07 8 LONDON. Wed. Sterling and the dollar opened little changed In Europe. The pound ruled at $1.7097/7102 compared with $1.7105/15 overnight, with latest British banking data providing evidence that, money supply growth Is being checked sharply. The dollar traded at 2.3505/15 marks agalnet 2.3490/ 3500 overnight. The dollar later began138 words
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Article191 1977-01-07 8 NEW YORK. Wed. The dollar closed firmer against major European currencies here after a quiet, featureless trading session, dealers said. The mark fell to 42.51/53 cents from 42.64/66 amid news that German December unemployment topped one million while the Swiss franc fell In line to 40.76/78 from 40.90/92.191 words
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Article255 1977-01-07 8 HONGKONG, Thurs. The US dollar was being quoted around HK54.6590/ 6620 In late trading compared with a mid-day level of 4.6550/ 6580, dealers said. Business was generally quieter and more steady following an erratic morning session which saw the rate move as high as $4.6750/6800 after the announcement of255 words
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Article160 1977-01-07 8 TOKYO, Thurs. The US dollar for overnight delivery closed slightly higher at 292.50 yen compared with 292.40 at the opening and 292.10 at Wednesday's close, after reaching 292.65 at one stage. Buying Increased to cover import settlement needs with some banks believing a shortage is likely to emerge in160 words
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Article84 1977-01-07 8 Euro rates LONDON, Thurs. Near period Eurodollar deposit rates opened slightly harder reflecting the loss of the Friday dealing technicality. Shorts were steady. Overall trading was fairly quiet, dealers said. Period rates showed little change from openings with routine rollover business reported. Trading In shorts was quiet, dealers added. LONDON84 words
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Article46 1977-01-07 8 AUSTRALIA/NZ exchanges quoted on Jan 6 Australia: Sterling 0.6396/0.6322 US dollar 1.0904/1.0856 Ninety-day air mail buying rates: Sterling 0.6712 US dollar 1.1166 Ninety-day forward rates: Sterling 0.6599 US dollar 1.0957 NEW ZEALAND: Sterling 0.5575/0.5544 US dollar 0.9587/0.9487 Ninety-day forward rate: Sterling 0.5985 US dollar 0.976546 words
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Article38 1977-01-07 8 ZURICH exchange quoted on Jan 5 US 2.4490-4500 UK 4.1915-1950 Can 2.4420-4445 W. Oerm 104.20-29 Neth 100.00-100.09 France 49.62-65 Denm 42.14-18 Norw 47.40-44 Swed 59.32-38 Italy 0.2794-2798 Austria 14.67-70 Port 7.76-79 Spain 3.5814-59 Arg 0.85-1.00 Japan 0.83-^-84-Vi38 words
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Article33 1977-01-07 8 FRANKFURT exchanges opening quotes on Jan 6 US 2.3510/25 Can 2.3420/40 UK 4.015/030 Neth 95.85/96.00 Switz 95.82/97 Italy 2.685/700 France 47.52/67 Norw 45.43/53 Belg com 6.545/560 Belg ft n 6.55/56 Japan 0.8025/4033 words
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Article274 1977-01-07 8 LONDON, Thurs. Straight dollar bonds were steady to 1/8 point higher In quiet trading, dealers said. Canadian Issues met some profit-taking with Issues such as Canadian Pacific, Dupont and Toronto Dominion which tend to have prices around 104 1/2 being vulnerable, while lower priced bonds held steady. Convertible274 words
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Page 8 Advertisements
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Advertisement164 1977-01-07 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Sect >nd class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding164 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration1032 1977-01-07 9 THOMAS MULLANEY - By THOMAS MULLANEY NYT ONE of the most contentious trade controversies on the International scene in recent years seems to be approaching the decision stage at a crucial Judicial proceeding in the United States. The issue involves the rising tide of imported colourNYT - 1,032 words
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Article596 1977-01-07 9 ARRIVALS Service Local Optrjlur Number Time Prom CPA CX003 0145 HKG MAS MH682 0810 KCH PAA PA841 0950 SFO/HNL/GUM JAL JL712 1000 HLP SIA SQ211 1010 HLP GIA GA980 1030 HLP GIA GA908 1100 MES PAL PR501 1115 MNL KLM KL833 1150 AMS/ATH/ KHI/CMB RBA BI325 1155596 words
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432 1977-01-07 9 NYT NEW YORK, Thurs. One of the reasons travellers purchase a package tour rather than go It alone' is to avoid the headaches of making hotel and sightseeing arrangements. They expect the tour organiser to take care of the details, as promisedNYT - 432 words
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Article, Illustration475 1977-01-07 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Botany Triumph (PSA POBC P/O) (0600 after Lei Shan) (Subject Gas Free) 14 Bunga Gelang (1500 Subject Free Board) 18 Fedor Petrov (after Margrethe Maersk) 3/4 Giso Maru No. 19 (0700 after Sankuo Maru) 40/41 Golden Hill (0600 after Hosei Maru) 36 Harlandsville475 words
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Article61 1977-01-07 9 NYT LONDON, Thurs. In January. 1978, the Queen Elizabeth 2 will make her first voyage to the South Pacific. Australia and New Zealand. The 90-day cruise will leave from New York, and the liner will call at 11 ports for the first time: Tahiti. Tongatapu, Suva.NYT - 61 words
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378 1977-01-07 9 AP BALBOA. (Panama Canal Zone). Thurs. Tightening safety measures because of a rash of recent tanker spillages, the Panama Canal Companv denied passage to one such Greek ship on Tuesday and served notice to world oil transporters that vessels will be carefully scrutinised from nowAP - 378 words
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Article163 1977-01-07 9 AP LONDON, Thurs. Chartering still failed to expand and US Oulf grain rates to the Far East declined yet further on the London freight market yesterday. The Jan 10-25 loader "Vlngnes" accepted US$l4 (FIO, 1,800 tonnes discharge) for a 17,142-tonne wheat shipment to Japan whUe the "SnowAP - 163 words
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Article125 1977-01-07 9 ONTARIO, Thurs. Lockheed Aircraft Service announced that It has received a funded letter of intent from the Iran Aircraft Industries (IACI) for the expansion of Its aircraft overhaul and maintenance capabilities. The project will take three years and when completed the new facility will be one125 words
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Article35 1977-01-07 9 Reuter WASHINGTON, Thurs. The Environmental Protection Agency said all street motorcycles manufactured after Jan 1 1978, will have to reduce hydrocarbon emissions by 34 per cent and carbon monoxide emissions by 36 per cent.Reuter - 35 words
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Page 9 Advertisements
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Advertisement368 1977-01-07 9 NKR MANUFACTURES: REFRIGERATED CONTAINERS REACH-IN AND WALK-IN REFRIGERATORS/FREEZERS BOTTLE COOLERS STAINLESS STEEL FOOD SERVICE EQUIPMENT CUSTOM-MADE TO YOUR REQUIREMENT Remember the name NKR. Estd. 1956. NAM KAIK REFRIGERATION PTE.LTD. 25, Link Road, Jurong Town, Singapore 22. mlm Tel: *****1,*****0,*****0. Cable: "COLDBOX" Singapore. V *1 mm?* m •iTPWnm^rTTailfT^HiUi^W^zlWitiv^ NEW DIRECTIONS The368 words
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Article, Illustration2285 1977-01-07 10 COLIN MILLHAM - THE INEXORABLE FALL OF THE THE WAS AT ITS HIGHEST EVER LEVEL OF US$l2 IN 1864. THEN THE SLIDE BEGAN. TODAY IT IS WORTH LESS THAN US$2 By COLIN MILLHAM Financial Times "THE PURPOSE of this debate Is to discover whether there Is a chance left, however small, to saveFinancial Times - 2,285 words
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Article, Illustration1623 1977-01-07 10 ERIC PACE - By ERIC PACE NYT SINCE 1972 Iran has spent more than US$l5 billion (Ss36 billion) on military equipment ranging from sophisticated aircraft to tanks, and concern is growing about the ability of the nation's armed forces to absorb so much new equipment.NYT - 1,623 words
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Page 10 Advertisements
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Advertisement473 1977-01-07 10 •."a* *811® -j m t >«*««•? «*»-i«— j—ii 5 *i Bk *r i w -1 .*..1 .1 tei" U I H i i| u a rs 5» it** I lulu i j THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT473 words
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373 1977-01-07 11 UPI HONGKONG, Thurs. China's oil production reached a record high In 1976 despite disastrous earthquakes and political Spheavals, the New China ews Agency (NCNA) said today. With a major new field going Into production during the year, output of crude was upUPI - 373 words
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357 1977-01-07 11 KUALA LUMPUR, Thurs. The Worker's Compensation Ordinance will be Shased out when the Social ecurlty Scheme (Socso) becomes fully operational, Labour and Manpower Minister Datuk Lee San Choon said yesterday. However, the change will only come about after Socso has been turned Into a357 words
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306 1977-01-07 11 AP TOKYO, Thurs. The Ministry of Transportation Is preparing to submit to the Diet (Parliament) "counteractive legislation" to cope with the cutrate non-conference operations of socialist nations' fleets and flag discrimination by developing countries, Tokyo's Shipping and Trade News said today. The newspaper quoted Mr.AP - 306 words
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148 1977-01-07 11 AP TOKYO, Thurs. Japan has asked for negotiations to ease the European Economic Community's total ban on Japanese fishing in the EEC's 320-km exclusive fishing zone, Kyodo News Service said yesterday. Quoting government sources, Kyodo said the EEC was allowing some nationsAP - 148 words
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188 1977-01-07 11 CONTENDERS for the post of president of the Singapore Chinese Chamber of Commerce are not slow In coming forward. In fact, no contender Is expected to come forward. This Is because election procedures within the chamber do not allow for "contenders" as such. "Anyone who188 words
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Article75 1977-01-07 11 Reuter LONDON, Thurs. The Koran, bible of the world's 850 million Muslims, is to be translated into 33 languages in the form of long-playing records, a record producer said here yesterday. Mr. Muhammad Iqbal Zakarla, a 28-year-old Bangladesh-born record producer and film distributor, has already completed theReuter - 75 words
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Article, Illustration244 1977-01-07 11 Reuter WASHINGTON, Thurs. The U8 army has told Congress that army procurement contracts in South Korea have been subject to "collusive bidding and price fixing." In a letter to Senator William Proxmire (above), army assistant secretary Harold Brownman reported that the army plans toReuter - 244 words
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203 1977-01-07 11 KUALA LUMPUR, Thurs. Unlroyal, one of the world's largest rubber products manufacturers, may buy more rubber direct from Malaysia through the Malaysian Rubber Development Corporation (Mardec). The US based company Is sending a four-man team from Its dry rubber department to Kuala Lumpur to203 words
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Article64 1977-01-07 11 Reuter KUALA LUMPUR, Thurs. Malaysia's national padl and rice authority (LPN) plans to Import about 200,000 tonnes of rice this year to meet local requirements, Its director-general Yahaya Wahab said. Informed sources said 1976 rice Imports totalled about 100,000 tonnes. The first 100,000 tonnes would beReuter - 64 words
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Article52 1977-01-07 11 SHARJAH Shipping (Singapore) Pte Ltd was sued for U*****,265 (or *****,833.03) In a writ filed with the High Court yesterday by Sea Transport Co. Ben Bhlpplng Co (Pte) was also sued yesterday, by Intra-Contlnental Shipping Agencies. Trie amount sought was $61,587.50 and Is for work allegedly done for52 words
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Article402 1977-01-07 11 UPI TOKYO, Thurs. The level of US troop strength In South Korea will be gradually reduced, no matter what policy US President-elect Jimmy Carter adopts, according to U8 sources here. But even if the number of troops is reduced by as many as 20,000 thereUPI - 402 words
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237 1977-01-07 11 AP SEOUL, Thurs. Facing a kerosene and fuel oil shortage amid a cold spell, the government set production quotas today for South Korea's three oil refineries and sent police to look for hoarders. The Government acted under a 1975 law that provides aAP - 237 words
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Article201 1977-01-07 11 AP BUENOS AIRES. Thurs. The military Government reported yesterday that Inflation In Argentine In 1970 was a record 347.5 per cent, or 12.7 per cent higher than in 1975. The governmemtoperated National Statistics Institute also reported that Inflation for December was 14.3 per cent, theAP - 201 words
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Article193 1977-01-07 11 AP PLAINS, Thurs. US President-elect Carter Is thinking of Installing a tollfree, around-the-clock telephone system In Washington to give ordinary people a direct way to get help from the Government, his spokesman said yesterday. Press Secretary Jody Powell said the Idea grew out of a suggestionAP - 193 words
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Article176 1977-01-07 11 Reuter TEHERAN, Thurs. An Iranian Government newspaper today accused Saudi Arabia's Oil Minister, Sheikh Ahmed Zakl Yamani, of seeking to declare war against the Organisation of Petroleum Exporting Countries (Opec). "What in fact he (Sheikh Yamani) Is after is to declare a war aglnst Opec,Reuter - 176 words
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Article156 1977-01-07 11 UPI TOKYO, Thurs. Japanese automakers dominated the American foreign car market last year with top four Japanese car manufacturers making up nearly 00 per cent of foreign cars being sold in tne world's largest market, preliminary figures released today showed. Japanese auto manufacturers in releasing the numbersUPI - 156 words
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161 1977-01-07 11 That 5pc hike Saudis make it official UPI WASHINGTON, Thurs. Saudi Arabia yesterday informed the ArabianAmerican Oil Co., which account* for a bulk of its output, that it is officially raising its key crude oil price by five per cent to 512.09 (5129.62) a barrel, a spokesman said. The priceUPI - 161 words
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406 1977-01-07 11 HK banks cut lending rates to weaken Reuter HONOKONO, Thurs. Hongkong banks today cut lending rates In what dealers said was a move designed to weaken the Hongkong dollar, which two days ago reached a 22month high against the US dollar. The Exchange Bank Association announced a half per centReuter - 406 words
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Page 11 Advertisements
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Advertisement441 1977-01-07 11 APPOINTMENTS Somfi^ilb is looking for a SALES MANAGER SALES PERSONNEL (MALE OR FEMALE) To promote their exclusive lines of commercial kitchen equipment (HOBART, GARLAND, SCOTSMAN ETC) Plus ancilliary lines of F&B equipment (utensils crockery glassware cutlery etc) Apply in writing (with photo) to Mr. W. Norris General Manager, SOMERVILLE (S)441 words
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Advertisement337 1977-01-07 11 We are looking for TWO young, energetic and dynamic Executives to handle our range of world renowned industrial portable stationary tools/ machines and heat exchange equipment. We would like to talk to you if you possess the following qualifications experience: Singapore citizen below 30 years of age. Minimum two years337 words
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Article, Illustration485 1977-01-07 12 UPI PEKING, Thurs. Hundreds of people crowded around a wall poster in central Peking today describing disgraced former Vice Premier Teng Hsiao-ping as a victim of Mao Tse-tung's widow, Chiang Chlng, and her purged radical followers. The main theme of the poster, writtenUPI - 485 words
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Article239 1977-01-07 12 THE Australian Government's preliminary national account estimates for the September quarter state that for the third successive quarter there was an increase In Gross Domestic Product (GDP). In the six months up to September last, private domestic final demand for goods and services increased by three239 words
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300 1977-01-07 12 SINGAPORE'S industrial land, which is in surplus at the moment and being created at a rate of about 400 hectares a year, is being put to other usee to tide over the hilL Jurong Town Corporation's "land bank" recently advertised land300 words
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125 1977-01-07 12 AP PARIS, Thurs. France lifted some of its few remaining quotas on Imports from Hongkong. The quotas removed today were on household textiles other than cotton, curtains. scarves and shawls, which, were on a list negotiated when French Foreign Trade Minister Andre Rossi visitedAP - 125 words
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Article65 1977-01-07 12 UPI SEOUL, Thurs. South Korean Foreign Minuter Park Tons-Jin plans to visit Japan, Thailand, Indonesia, Australia and New Zealand In February, mlnstry sources said today. In Tokyo, Mr. Park would hold talks with Japanese Foreign Minster Ilchlro Hatoyama to discuss matters of mutual concern Including US Presidentelect JimmyUPI - 65 words
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Article626 1977-01-07 12 LONDON, Thurs. The stock market closed slightly below the day's best In places after a firm and active session with government stocks leading equities higher, dealers said. Qalns of around 1/4 to 3/8 point were reported In short and longer dated government loans, prompted by hopes of a626 words
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405 1977-01-07 12 LOWEST INCREASE IN YEARS Reuter JAKARTA, Thurs. President Suharto proposed a balanced 4,200 billion rupLah (about 8$25.2 billion) state budget today aimed at bringing stability, cautious economic growth and more social justice for Indonesia. Set about 20 per cent over last year's figures atReuter - 405 words
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207 1977-01-07 12 Reuter BANGKOK, Thurs. Thai military forces have killed 30 communist guerillas In air strikes and artillery bombardments In the southern provinces of 8atun and Songkhla, military sources said here today. The sources said 30 bodies of communist Insurgents had been recovered so farReuter - 207 words
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93 1977-01-07 12 US rate* Eurodollar rate* Non -dollar Surt>currane? rata* fS-twmtti) Jmonth Treasury bills 3month CDs Prime Itndlnf rate n 3- 8- 12month month month H H Deuuchfmarks 8wia» dtcrFm. Unf H Actual End 1*73 End Oct. lrra 3. XI 96 0.60 3.0093 words
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Article443 1977-01-07 12 UPF HONOKONO, Thurs. An American working for the Chinese Oovernment In Peking said residents of the capital are preparing for an earthquake "of some proportions." Mr. Julian Schuman, who has spent most of the past 25 years in Peking working for China's foreign languages Dress,UPF - 443 words
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206 1977-01-07 12 Reuter HONOKONO, Thurs. The Hongkong Textile Advisory Board decided today to advise the Hongkong Government to protest to the Textile Surveillance Body (TSB) In Oeneva over Canadian restrictions on textile Imports In 1977, a Department of Commerce and Industry spokesman said. The Oovernment hasReuter - 206 words
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Article26 1977-01-07 12 UPI MOSCOW, Thurs. The East European equivalent of the common market announced plans yesterday to build an atomic power plant In Cuba. -UPI.UPI - 26 words
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336 1977-01-07 12 KUALA LUMPUR. Thurs. Malaysian politicians have alleged In the Dewan Negara that several dlrectors of two local commercial banks have abused their position and authority by uslng the banks' money for thelr own Interest. According to aßernajna report, Senator Datuk Nik Hassan Yahaya336 words
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Article102 1977-01-07 12 Reuter TOKYO, Thurs. The 100 billion yen (B*B4o million) five-year discount government bonds, which 28 securities companies began selling to the public on Tuesday, are meeting a good reception, Nomura Securitles Co. said. Nomura said It sold more than half of Its quota during the first twoReuter - 102 words
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Article82 1977-01-07 12 UPF TAIPEH, Thurs. Mrs. Sawal Charusathl, wife of former Thai strongman Prapas Charusathlen, returned here yesterday evening, after nearly three weeks in Bangkok, Talpeh International Airport sources said. Observers said they believe Mrs. Prapas' trip will pave the way for the expected return of her husband toUPF - 82 words
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Article82 1977-01-07 12 Reuter SSSt •wSff'ln* fiscal 1976 ending M*rch 31 are likely to double to US$lO.4 billion (5125.48 billion), from <5.24 billion In fiscal 1075, the Ministry of Internatlonal Trade and Industry (Mltl) forecast. The increase was due mainly to active expansion of plant exports to the Middle East,Reuter - 82 words
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Article108 1977-01-07 12 MALACCA, Thurs. National Bureau of Investigation officers today arrested the former Malacca Municipal Commissioner Datuk Tan Cheng Swee for alleged corruption. They also arrested Ng Chong Chee, the former Malacca State Executive Councillor and former MCA secretary, a businessman David Loh Kee Peng, and Municipal engineer108 words
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Article113 1977-01-07 12 Reuter TOKYO, Thurs. Former Japanese Prime Minister Kakuel Tanaka has aald he will exert maximum efforts to retrieve the honour of the Japanese nation, his own constituency and himself when he goes on trial later this month. Mr. Tanaka, charged with taking a 500 millionReuter - 113 words
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Article363 1977-01-07 12 THE general downward trend In short-term Interest rates experienced in moet countries last year Is "now at or near its end," according to one authoritative analysis. Mr. David Kern, manager of the economic analysis section at the National Westminster Bank, also predicts In the magazine, Euromoney,363 words
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90 1977-01-07 12 AP BANGKOK, Thurs. Thailand and Singapore have agreed to install an underwater cable to open up another telecommunications link between the two countries, the Post and Telegraph Department said today. The project would cost about US$30 million and is expected to be completed sometimeAP - 90 words
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76 1977-01-07 12 THE law faculty in the University of Singapore has started the "Singapore Law Series" comprising monographs on legal topics of public interest. The series, edited by Dr. Koh Kheng Llan, associate professor of law, is expected to appeal to professional men, civil servants and76 words
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270 1977-01-07 12 THE Economic Development Board is believed to be in the final stages of preparing a feasibility report on a half-a-blllion dollar dlesel engine industry for location in Singapore and designed to serve the Asean market. The EDB study will decide the actual size,270 words
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Article114 1977-01-07 12 Reuter MANILA, Thurs. A seven-member mission from the Manila-based Asian Development Bank has left for Hanoi for discussions with the government on the status of projects approved by the bank in former South Vietnam, informed sources said today. They said the mission, headed by Mr. Zla Noorzoy,Reuter - 114 words
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Article342 1977-01-07 12 u it eu be. It must try to polio* iteelf before governments restrict it with excessive legia lotion. The Orient Exchange, a shipping exchange incorporated hi Singapore loot year, aoid thot ovary aoetor of the indootry nooda to ■Mho a profit, but thia must not ho342 words
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Advertisement17 1977-01-07 12 A v -> (W >4 presents {t)doue$un tBuflfa luncheon Jan 8 to Feb 4 noon to 2.30 p.m.17 words
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