The Business Times, 8 January 1977
1977-01-08
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The Business Times
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Title Section10 1977-01-08 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, JANUARY S, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article55 1977-01-08 1 MORE messages of congratulations were received by the Prime Minister Mr. Lee Kuan Yew for the people's Action Party victory in the recent general election. The latest, came from President Marcos of the Philippines, Prime Minister Takeo Fukuda of Japan and Mr. Alexander Kosygln, chairman of the Council55 words
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Article39 1977-01-08 1 KL rubber in 1980s Reuter KUALA LUMPUR, Fri. Malaysia should be able to produce more than two million tonnes of rubber a year from 1980 onwards, the Primary Industries Deputy Minister Paul Leong told the Malaysian Senate today. Reuter.Reuter - 39 words
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Article28 1977-01-08 1 Reuter AMMAN, Fri. Libya has decided to open an embassy in Manila, Tripoli Radio quoted a Foreign Ministry official as saying last night. Reuter.Reuter - 28 words
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Article35 1977-01-08 1 Reuter HONGKONG, Fri. The official New China News Agency said today that more than 80 per cent of the major Industrial enterprises in earthquakedevastated Tangshan city had completely or partially resumed production. ReuterReuter - 35 words
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Article37 1977-01-08 1 Reuter PRETORIA, Fri. The price of petrol in South Africa is to be increased by 17 per cent from next Monday, the. Minister of Economic Affairs, Mr. Chris Heunis, announced here today. ReuterReuter - 37 words
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Article70 1977-01-08 1 UPI NEW YORK, Fri. Reacting to the split oil pricing scheme of the Organisation of Petroleum Exporting Countries, Exxon Corp. says it is trying to buy more lower priced crude oil from Saudi Arabia. It plans to run five million barrels of heavy crude oil fromUPI - 70 words
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Article51 1977-01-08 1 PEKING, Fri. Wall posters appeared in central Peking today openly demanding the rehabilitation of purged Vice-Premier Teng Hsiao-ping, once a powerful figure in China. Hundreds of people gathered in the Square of Heavenly Peace to read that "Teng Hsiao-ping is a very good comrade." See Page 1051 words
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Article41 1977-01-08 1 Reuter LONDON, Fri. The Bank of England lowered its base lending rate by a further quarter per cent to 14 per cent today, apparently confident that sterling could now withstand sharper pressures in the international money market. Reuter.Reuter - 41 words
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Article32 1977-01-08 1 AP OTTAWA, Fri. Canada is considering a multi-million-dollar contribution perhaps as much as US$lOO million (***** million) to a new international fund to help a newly independent Rhodesia. AP.AP - 32 words
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Article44 1977-01-08 1 UPI NEW YORK. Fri. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 979.14, down 0.75; 20 transp 234.38, down 0.23; 15 utlls 107.81, up 0.06; 65 stocks 319.47, down 0.19. UPI.UPI - 44 words
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Chief Price Changes
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Article, Illustration186 1977-01-08 1 TRADING at the Stock Exchange of Singapore yesterday turned erratic as the market was hit byintermittent bouts of profit-taking. However, on balance most shares ended on the plus side. The Business Times index was up 1.08 points to 277.61 while the Straits Times Industrial average showed a186 words
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Article121 1977-01-08 1 Rises Boustead $36 2 .16 AJinomoto 2 00 .12 P M.R.I $2 55 .10 Shell $3.48 .08 UnlUte SO 51 .08 A Amal S3 20 .08 Sel Dredge S4.38 08 Con Plant. S3 38 .08 U M Flour $1.80 .07 NewS. TP $4 06 .06 U A121 words
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Article1189 1977-01-08 1 QUEK PECK LIM - OCBC ACTS AGAINST FEH By QUEK PECK LIM FAR Eastern Hotels Development Ltd (FEH), owners of the Singapore Hilton, yesterday became the first Eubllcly listed company to e put Into receivership this year. This follows moves by the Oversea-Chinese Banking Corporation (OCBC) to call in1,189 words
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264 1977-01-08 1 THE New York Stock Exchange plans to begin trading stock options later this year and thus promises to become the world's sixth major stock exchange to enter this Increasingly popular arena of Investment Only last week the Stock Exchange of Singapore announced its Intention264 words
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Article, Illustration229 1977-01-08 1 AP GENEVA. Frl. Mr. Knut Hammarskjold, directorgeneral of the International Air Transport Association (lata), said today prospects for the scheduled international airllnes were "far from encouraging" this year. "The general economic expansion has already slackened, and there Is concern about a pronounced downturn In lateAP - 229 words
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Article139 1977-01-08 1 TEXTILE and garment manufacturers In Singapore were urged yesterday to produce higher quality and higher value added Items. For those who are prepared to start new projects or to expand their facilities to Incorporate these new Items, the Government Is prepared to offer export Incentives which139 words
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Article170 1977-01-08 1 THE Port of Singapore Authority (PSA) will take delivery of four tufa aome S 13.2 million towards the end of this year. The first, built by Pan Asia Shipyard and Engineering at Jurong, is expected to be delivered at the end of October170 words
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Article270 1977-01-08 1 KUALA LUMPUR. Frl. Pernas has acquired 30 per cent of the equity in United Malayan Banking Corporation and the board of directors has also been subsequently restructured, the Senate here was told yesterday. Deputy Finance Minister Mr. Richard Ho said this when replying270 words
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Article128 1977-01-08 1 EVENTS in China have encouraged multi-national firms located in Singapore to eye the Chinese market with increasing interest. They view Chinese oil exploration activities and attempts to industrialise as a potential market for their oil field equipment and precision engineering products. If Singapore succeeds In selling more128 words
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Article153 1977-01-08 1 Reuter MILAN, Fri. Rubber magnate Leopoldo Pirelli called a newt conference today amid reports he may be selling a share of control over his industrial empire to Libya. TTie news conference was set for 4 p.m. (1500 GMT) in the Pirelli skyscraper, Milan's tallest building.Reuter - 153 words
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Article59 1977-01-08 1 Reuter VIENNA. Fri. Finance experts from oil producing nations will meet here on Monday to discuss aid commitments for 1977, Opec said today. The meeting at the headquarters of the Organisation of Petroleum Exporting Countries follows a decision in Qatar last month to double the size ofReuter - 59 words
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Article, Illustration572 1977-01-08 1 LONDON, Frl. The shareholdings In Spydar Securities, the Hongkong based company which made a profit of nearly £1 million (554.19 million) on the sale of shares which had been siphoned to it at cost price, were to be in the name of Grey's Securities, according572 words
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Article65 1977-01-08 1 KUALA LUMPUR. Frl. The Straits tin price In Penang rose a further MsB.oo to $1,3354 per picul. $104 above the International tin agreement celling, dealers said. Sources reported conti- nued heavy demand from US and Europe, while turnover fell to 420 tonnes from Thursday's 457. Dealers said65 words
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Page 1 Advertisements
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Advertisement39 1977-01-08 1 I itr wmr Ht .-l St /<< tiJ in >n iru -Cul [humor,J. A t ./<m■th r\ ft Miami u t hi (_rdlt\tna'i\hip o» CeylctiJewellers 16 Stamford Nd.. Hiwon C. T«l: *****C/*****7. I /s// SEE PAGE 11 10 12 INSIDE39 words
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Advertisement89 1977-01-08 1 Iflfl"" Braun Synchron Plus Braun's Synchron Plus. For the man who must have a closer, smoother, taster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern of cutting holes and slots. Platinum-coated to give you a89 words
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Advertisement102 1977-01-08 1 THE PERFECT T= i V I There's no need to hang around, waiting to be served You drive right up. No parking to pay, even at Liat Towers. You dont even have to get out of your car! Bank from your car at Chase Liat Towers Jurong. The Drive-In Banks102 words
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MARKET REVIEWS
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Article682 1977-01-08 2 KUALA LUMPUR THE Kuala Lumpur stock market lived up to general expectation, with generous price gains attending most stocks in the first week of 1977. Much of the bouyancy was attributed to a return of buyers especially towards the latter part of the week. Trading682 words
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Article346 1977-01-08 2 Reuter THE y«u opened on a quiet but firm note, with leading Sydney sharebrokers forecasting a continued upswing, at least for the short term. Analyst* expected the main market indicator, the Sydney All-Ordinaries share price index, to touch 460 before long, compared with the 430 closing level for 1976.Reuter - 346 words
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Article614 1977-01-08 2 IVAN FALLON - LONDON By IVAN FALLON AT the end of October the Financial Times Index stood at 265.3. This week it was over 100 points higher, recording a gain of more than 40 per cent In Just two months. Day after day, the rise has gone on with614 words
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Article455 1977-01-08 2 POOR old Harrisons and Crosfleld. It has learned the bitter lesson that If you want to get through a complicated and very clever scheme, you should first make sure you have no major dissenting shareholder. And If you have, you should think about who his financial advisers are.455 words
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Article268 1977-01-08 2 WHAT do you do if through superb efficiency, hard work and a bit of ruthless financial management you end up with nearly £400 million in cash on your balance sheet, yet your shares yield a miserable 2.9 per cent? In most countries you would simply increase your268 words
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303 1977-01-08 2 RONALD LAM - RONALD LAM SCRIP ISSUES Uutcd Malayan Flour Mills: Scrip Issue of one-for-flve, capitalising Msl million. (NB: This was announced by the company last June together with Its proposed rights issue of one-for-three) OTHER ANNOUNCEMENTS Berjaya Kawat has acquired the other 50 per303 words
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Article663 1977-01-08 2 BARGAIN hunters went on a buying spree at the Stock Exchange of Singapore this week and sent prices up across the board. Benefitting most from the bullish turn were the second and third liners. At the height of the buying activity gains ranged from four663 words
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Article245 1977-01-08 2 KUALA LUMPUR, Fri. Petroleum companies operating In Malaysia are expected to apply to the Government within the next week or two for increases in the prices of their products. All the five downstream companies, Shell, Esso, Mobil, Caltex and BP, are now busy preparing245 words
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208 1977-01-08 2 Reuter OTTAWA, Fit. Government spokesman said yesterday they were still optimistic on reaching new agreements with four countries which have Imported Canadian uranium but said they may not come in the next round of talks scheduled within a month. The countries are West Germany, Japan,Reuter - 208 words
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Page 2 Advertisements
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Advertisement90 1977-01-08 2 A wealth of answers to scientific phenomena LIFE SCIENCE LIBRARY A thousand questions you've asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular theory mathematics the human90 words
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Page 2 Miscellaneous
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Miscellaneous341 1977-01-08 2 &``?+)_`{=]',~-@(:+%.;==;%(<[*; RADIO TV SINGAPORE 5 1.10 P.M. Opening Announcements followed by Sesame Street 2.05 Saturday Matinee "Tchaikovsky" Pt. 1 3.25 What's My Line 3.45 Soccer MCFA Cup Final (English) "Singapore Chinese vs Selangor Chinese" (English) (r) 4.40 Sandiwara A Malay drama entitled "Sayang Di-Sayang" Pt. 2 5.25 Joe Forrester 6.15341 words
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OVERSEAS
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268 1977-01-08 3 Reuter WASHINGTON, Frl. Congress will introduce safety and insurance laws for foreign oil tankers because of recent major oil spills. Informed sources said here yesterday. Legislative experts on the Senate Commerce Committee outlined to Reuters proposed laws that could affect most of theReuter - 268 words
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358 1977-01-08 3 AP PARIS, Fri. The West German economy faces a period of structural transformation which will affect its growth over the next 15 years, according to a survey by Hudson Research Europe, an associate of the US Hudson Institute. It warned that theAP - 358 words
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317 1977-01-08 3 Reuter WASHINGTON. Frl. The United States International Trade Commission yesterday voted to impose import quotas for the first time on shoe imports a decision that will hurt many developing countries in Asia and Latin America. The commission also voted to raise tariffs onReuter - 317 words
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230 1977-01-08 3 CAIRO, Fri. UPI THE Gulf State of Qatar said yesterday that if cutting oil prices would help the Arabs in gaining a "just settlement" of the Middle East conflict, it would be the first to do so and "make other sacrifices" as well.UPI - 230 words
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214 1977-01-08 3 AP DENVER, Fri. A union leader said yesterday that chances of avoiding a strike of oil pipeline and refinery workers throughout the United States this weekend appear to be dim. Most of the Oil, Chemical and Atomic Workers International Union's nearly 400AP - 214 words
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Article118 1977-01-08 3 Reuter AMSTERDAM, Fri. Holland cut bank rate to five per cent from six per cent, effective today, the Central Bank said. Other Dutch Interest rates will also be cut by a full point effective today, bringing the promissory note rate and the rateReuter - 118 words
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Article52 1977-01-08 3 Reuter TOKYO, Frl. Stocks of steel goods rose to 7.96 million tonnes at end-No-vember from 7.35 million a month before, but was below the year-earlier 8.21 million, the Iron and Steel federation said. It attributed the month-to-month rise to slow domestic demand and a rise In InventoriesReuter - 52 words
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238 1977-01-08 3 AP CARACAS. Frl. Major international oil companies have declared they will continue purchasing contracted amounts of Venezuelan oil even though It Is now costlier than Saudi Arabian oil, a director of the state petroleum Industry said yesterday. As a result, Venezuela "willAP - 238 words
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Article137 1977-01-08 3 Reuter PARIS, Fri. French Prime Minister Raymond Barre Mid the final figure for France's 1976 trade deficit will probably be around 20 billion francs, with between six and seven billion of the deficit due to depreciation of the franc. The December trade figures have not been publishedReuter - 137 words
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Article140 1977-01-08 3 Reuter PARIS. FTI. Less than half of the deutschmark's average 15 per cent weighted appreciation last year against the currencies of other major industrialised nations reflected the difference In Inflation rates between West Germany and the other countries, Bundesbank vice-presi-dent Dr. Otmar Emminger said. He toldReuter - 140 words
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Article52 1977-01-08 3 UPI NEW YORK, Frl. Employees at New York magazine walked off the Job yesterday to protest the attempt by Australian publishing magnate Rupert Murdoch to take over the publication and Its parent company, the New York Magazine Corp. The walkout "most likely" will prevent the magazine from appearingUPI - 52 words
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Article139 1977-01-08 3 Reuter PLAINS, (Georgia). Fri. President-elect Jimmy Carter said his economic package aimed at boosting the U8 economy will probably include a pet manent tax reduction and a temporary tax stimulus that would last for only one year. He told an impromptu press conference after meeting his chiefReuter - 139 words
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Article127 1977-01-08 3 Reuter WASHINGTON, Prl. The US Agriculture Department's (USDA) Foreign Agricultural Service (FAS) forecasts world output of sugar In 1976-77 at a record 87 million tonnes (raw value), about S.l million tonnes above a year earlier. Consumption however, is forecast to rise only about two million tonnes fromReuter - 127 words
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Page 3 Advertisements
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Advertisement34 1977-01-08 3 t r m i V S v > X SOS The magazine for you, the Advertiser V. V T* B w. 4 W r a-. ;V< &T4 i- r<- j me, 'U I •i# •it34 words
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Page 4 Advertisements
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Advertisement460 1977-01-08 4 How advertisers can mount a campaign aimed at businessmen Tactical information from Business Times I ■r ■•e f 3. Shotgun approach beware. Be careful about spreading your message across too many publications. This approach is called the shotgun approach. A secret: Research into readership indicates that readership of advertisements doesn't460 words
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COMPANY NEWS
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728 1977-01-08 5 CYCLE AND CARRIAGE NET tangible assets of Cycle and Carriage could have risen by a further 16 cents to $1.64 per share for the year ended Sept 30, 1976 if It takes into account the enhanced market value of its Singapore property. In the latest728 words
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194 1977-01-08 5 THE Kuala Lumpur Stock Exchange has requested Chemical Co. of Malaysia to provide more information on its Investment of Mss million to manufacture paraquat dlchloride in Malaysia. The company's investment was first disclosed by its chairman, Mr. S.A. Ridgwell In his 1976 annual194 words
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Article96 1977-01-08 5 ORIENTAL Holdings' recent acquisition of an additional 400 shares of $100 each in North Malaya Engineers Trading at $200 per share was made in cash. Replying to queries from the Kuala Lumpur Stock Exchange, the company says the purchase price was mutually agreed by all parties involved in96 words
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Article33 1977-01-08 5 Reuter TORRANCE. Calif., Frl. Toyota Motor Sales USA Inc said 1976 domestic sales reached a record 396,723 cars and trucks, a 20.6 per cent gain over the 1975 total of 328,918. Reuter.Reuter - 33 words
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421 1977-01-08 5 WITH interest brewing over the pilot options scheme planned in Singapore, a securities firm in Kuala Lumpur is going out on its own to market options in Malaysia. The firm. Call and Put Securities, has been dealing in options in Malaysia and Singapore for421 words
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Article439 1977-01-08 5 NYSE endorses scheme Reuter NEW YORK. Fri. The New York Stock Exchange said directors endorsed, in principle, the opening of an options market on the New York Stock Exchange. The board's decision is subject to development and approval of detailed plans for both trading options and further modernising the Exchange'sReuter - 439 words
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Article1082 1977-01-08 5 On January 6 PRICES on the Chicago Board Options Exchange advanced, with gainers topping losers, 264 to 198 on Thursday. Volume approximated 93,810 contracts, compared with 104,984 contracts on Wednesday OPTION JAN APL JLY STOCK Alcoa 45 UNTRD NOL NOL 55 5/8 Alcoa SO 6 UNTRD UNTRD1,082 words
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Article314 1977-01-08 5 Current Ei I Date Total for Tout for payment Date payable the year previous year Bouateadco 2.5%+ Dec 28 Jan 10 2.5*+ 5* S.M. lad. 5HTF+ Dec 20 Jan 10 5*TF+ 8*TFa Lower Perak Tin 15*+ Dec 15 Jan 12 15*+ 30* Sovran 6% Del 16 Jan 12314 words
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Article327 1977-01-08 5 THE bad news continue to issue from San Holdings. In addition to Its staggering net loss of M 57.7 million for the year to March 31, 1976 the group has Incurred a pre-tax loss of $450,569 for the first six months ended Sept 30. 1976. The327 words
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194 1977-01-08 5 Reuter MELBOURNE, Frl. Wattle Gully Gold Mines Issued a statement revising the estimate of its uranium find at Thatcher's Soak, Western Australia, and giving more details. it said its board met with the geologist who advised boring indicated a possible 2.7 million tons of calcreteReuter - 194 words
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300 1977-01-08 5 UPI DETROIT, Frl. Domestic auto sales In the US climbed nearly 22 per cent In 1976 to the highest level since the pre-Arab oil embargo year of 1973, while foreign automakers saw their sales slip a notch from a strong showing a yearUPI - 300 words
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Article360 1977-01-08 5 NYT WASHINGTON. Frl. Southern Pacific, owner of a huge, prosperous western railroad, is expected to file with the Interstate Commerce. Commission a plan to acquire a substantial portion of the Insolvent Chicago, Rock Island and Pacific,.-Railroad, the Washington Star has learned. If theNYT - 360 words
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Article102 1977-01-08 5 MR. Charles W. Tresise has been appointed an alternate director to Mr. Tan Chin Tuan with effect from Dec 31, according to an announcement by Tronoh Mines Malaysia. Worldwide Holdings has announced the following resignations: Mr. Lewis Altman as a director with effect from Dec 31 and102 words
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COMPANY MEETINGS
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23 1977-01-08 5 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 1977-01-08 5 Jan 21, 12 noon, at Raffles Hotel. Beach Road, Singapore 7.14 words
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Article14 1977-01-08 5 Cycle Carriage Ltd.: Jan 22. 12 noon, Mandarin Hotel. 333 Orchard Road. Singapore 9.14 words
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Article19 1977-01-08 5 Jan 29, at the Board Room, 3rd Floor, Bangunan UMBC, Jalan Sulalman, Kuala Lumpur.19 words
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Article228 1977-01-08 5 LONDON, Frl. General Electric Co said It plans to Issue £178.33 million nominal of floating rate 1986 capital notes on the basis of 32 1/2 pence nominal per share, using its share premium account to increase Its loan capital. Interest will be paid on a228 words
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Article84 1977-01-08 5 Reuter MONTREAL. Frl. Alcan Aluminium said it plans to bring the four remaining inactive Dotllnes at its Arvlda works in Jonquierre, Quebec, into production by mid-February to restore Inventories to normal levels. The company said two will be restarted in midJanuary and two in midFebruary to replace production lostReuter - 84 words
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135 1977-01-08 5 FRANKFURT, Fri. A meeting of Basf's house banks next week Is expected to discuss possibility of Basf raising its capital or launching a bond issue, bourse sources said. A spokesman for Basf In Ludwigshafen confirmed the company's banking consortium, led by Deutsche Bank, which135 words
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Article135 1977-01-08 5 Reuter LONDON. Fri. Lindsay Blee (Chartering) said Its parent company SHV Nederland. Utrecht has reached agreement with RSV (Rijn-Schelde-Verolme Machinefabrleken en Scheepswerven. Rottendam on a joint venture to operate two large tankers built by RSV SHV and RSV will each have 47 per cent ownershipReuter - 135 words
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151 1977-01-08 5 Reuter TOKYO. Frl. Nippon Kokan Kalsha (NKK) said It plans to reduce Its capital outlay for iron and steel manufacturing plant and equipment in fiscal 1977 to slightly more than 100 billion yen from 466 billion yen in fiscal 1976. NKK said the sharpReuter - 151 words
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Article98 1977-01-08 5 Reuter WASHINGTON, Fri. American Telegraph and Telephone asked the Supreme Court to overrule a lower court ruling that It had jurisdiction to try the Government's anti-trust suit against the bell system. A US district court judge held several weeks ago that the matter was properly beforeReuter - 98 words
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Article57 1977-01-08 5 Reuter NEW YORK. Fri. Pan American World Airways said it and Continental Airlines mutually agreed to call off merger studies. The company said following evaluation of the exchange of technical and economic data it was decided that no recommendations concerning the matter would be submitted to either board andReuter - 57 words
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Article28 1977-01-08 5 PARIS. Fri. Banque Nationale de Paris said it raised the amount of its sixyear floating rate note issue to US$6O million from $40 million following good demand.28 words
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Page 5 Advertisements
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Advertisement497 1977-01-08 5 Business Management in Penguins THE DEBT TRAP M r*'-w how to survive N THE SLUMP The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own497 words
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Article2136 1977-01-08 6 SECTION ONE INDUSTRIALS Gr'i Gr* Net 1976/77 Last div Div yld P/E Vol Day High Low Company Sale +or- c'vr C900) Hi«h Low 175* 133 Acma 143 +3 12.ON 1.1 8.3 7.2 11 143 140 206 172 Alcom 206 20.0 1.3 9.7 13.2 100 60 Allied Choc2,136 words
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Article1403 1977-01-08 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Bta Board1,403 words
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Article1416 1977-01-08 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified NOUtTKIAU Amu (IMB 1.466) 41) 1.43. A. Till (0 508). AItMMU (11,416 words
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Article145 1977-01-08 6 BOTH 1/2* I SKI (100,000) (103*B 104*S) D B S 8 1/2* ISB2 (100,000) (1008 1018) D B 8 Converts fi 1/2* IS9I (100,000) (988 98*S) E 1 B 19K2 (100,000) (104 WB 104*8) E I B K 1/4* IWU (100.000) (100 SB 101*8) I BJ 8145 words
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Article122 1977-01-08 6 T F I/.1/7K (1.000,000) (103.10S) 5* T F 1/3/78 (825.000) (103.10S) 5 1/2* 15/4/7H (1,000,000) (101.658 101.75SK1)101.70 5 1/4* 15/7/78 (1,000,000) (101.368 101.455) 6 1/2* 15/8/78 (1.000.000) (103.308 103.485) 7* 1/7/79 (1,000.000) (104.838 104.935) 5 1/4* 15/10/79 (1,000,000) (100.808 100.955 X 1)100.90 fi 3/4* 15/S/80 (1,000,000) (102.958122 words
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Page 6 Advertisements
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Advertisement18 1977-01-08 6 I 111 i 11.*. 4r found only in the best company... 4 I'JziUHZH 111 i.r H m V18 words
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Article591 1977-01-08 7 TRADING at the Stock Exchange of Singapore yesterday ni characterised by intermittent bouts of buying and profit-taking. On balance, however, the market finished with more advances then declines. In cases where a spill over of baying interest was noted, price appreciations ranged from three to eight591 words
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Article374 1977-01-08 7 SHARES ruled from steady to mixed in fairly active trading on the Kuala Lumpur stock market yesterday. The market opened fairly strong in extension of the overnight firm conditions. During the afternoon session some profit-taking was noted with resultant cutback in gains. On balance, the374 words
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Article147 1977-01-08 7 SINGAPORE UNIT TRUST IMuim' price* for Jan It) The Commerce The Saving Fund S pore Pro* Fund S pore Security Fund S'pore Invest Fund .1.77 0.90 0 80 1.31 1.07 1.87 1.01 0.85 1 38 1.13 ASIA UNIT TRUST l.Mutfm' pricee for Ji la It) Mai Invest Fund147 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1130 1977-01-08 7 NEW YORK: The stock market rolled up a broad gain through mid-afternoon on Thursday, but later surrendered part of It to profit-taking. Helping boost prices initially **ere bargain hunting following three days of market declines and optimistic comments from economists on the U8 business outlook. contained in a1,130 words
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Article351 1977-01-08 7 PARIS: Shares held steady In fairly active trading on Thursday in what may be termed a consolidation phase following gains registered since the beginning of the year, dealers said. Occasionally irregular movements reflected isolated profittaking. they said Moulinex, which expects an 18 per cent rise in pre-tax nonconsolldated 1976351 words
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Article269 1977-01-08 7 ZURICH: The market continued trreeular with an easier undertone on Thursday, lacking new incentives, and with trading activity slowing under the influence of New York, dealers said Swissair rose. Financials and banks were Irregular. Small losses predominated In insurances and leading Industrials. Alusuisse. Nestle Registered and Jelmoli pointed higher269 words
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Article304 1977-01-08 7 TORONTO: Share prices staged a modest rally through the afternoon on Thursday to close narrowly mixed in light trading Indicative of the turnabout was :he recovery of bank stocks After share earlv loss. s. thev closed generally unchanged, with only Royal Bank and Toronto-Dominion lower Among the major cnanges.304 words
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Article177 1977-01-08 7 BRUSSELS: Share prices rose sharply across the board in nervous trading on Thursday following the one point cut to eight per cent in Belgian Bank rate Bourse sources said Ke~rve and Cockerill led the gains with rises of six per cent each over Wednesday's closlnr prices. In foreign stocks177 words
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Article13 1977-01-08 7 THE Milan market was closed on Thursday for an Italian national holiday13 words
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Article408 1977-01-08 7 JOHANNESBURG Gold shares traded quietly easier on Thursday following the lower morning fixing and Interest shifted to base metals, dealers said Heavyweight golds were very quiet and medium stocks moved up to five cents. Lorraine rose four cents to 125 In coppers Minorco climbed 20 cents to 300. but408 words
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Article286 1977-01-08 7 FRANKFURT: shares closed mixed to slightly lower on Thursday due partly to weaker Wall Street and partly to unconfirmed reports of possible forthcoming capital Increases, market sources said The reports concerned Basf, Siemens and Dresdaer Bank which fell 1.30 marks, two and 1.50 respectively. In stores Kaufhof, which reported286 words
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Article337 1977-01-08 7 AMSTERDAM The market fell lurther on Thursday but losses were limited mainly by strong West German demand Dutch internationals were on balance lower but Philips and Unilever firmed slightly and Akzo was unchanged Elsewhere transports were mixed with HAL firming 2 50 on prospects of a property sale Banks337 words
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Article169 1977-01-08 7 MANILA: The market continued to ease in dull trading on Friday with soft metal prices depressing sentiment, dealers said. Gainers Included BK (Goodrich and I>e panto B but Atlas Con A and B, Baguio Gold, and Marindugix B lost ground. Unchanged Issues Included Acoje Mining. Pk-op A, Philrx A169 words
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Article429 1977-01-08 7 SYDNEY: The market closed generally firmer on Friday after an easier opening in quiet trading, dealers said. The Sydney All-ordinaries Index rose 1.90 points to close at 440.52. Banks were In demand, with the CBA, ANZ and Wales all gaining five cents. BHP and CSR were unchanged. while Comalco,429 words
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Article513 1977-01-08 7 TOKYO. Prices closed higher on Friday on Wall Street's overnight recovery, dealers said. The Dow Jones average gained 0.45 to close at 4 960 22 with volume 300 million shares. The New index closed at 378 74 up 0.38. Some electricals and cameras rose following their recent fall, and513 words
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Article464 1977-01-08 7 HONGKONG: The market closed mixed on Friday after a firm opening with blue chip easing on profit taking in the afternoon. dealers said The Hang Seng Index fell 0.24 point to close at 441.34 The higher opening followed Wall Street's firmness overnight and some second liners, particularly utilities, maintained464 words
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Article85 1977-01-08 7 -I\\ 07 Rahis Asia FMirr 108 Bangkok RHIlk 245 Bangkok Invest 138 3 Bangkok -Mftrupolitan Bank lit 111 383 Unfh IWII .linker 159 3 Cliaroong Thai Wire 153 Oumex I>u*tl Thani Kaber Merlin Kirst Trust Inrto-Thal J And J Ho 171 «3 J il.iprathan < "fituiil 77 lltirh Kartiasiila85 words
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Article78 1977-01-08 7 KlVWt l TIMKS IMIH'S I'KI \l JS Thursday 3fi7 H Wediwsrtav 3S2.7 Wwk i',1.0 Oo\V .IMN'KS W'KHACK I VIM STKI \|.s Thursday 979 89 Wedi>esday 978.OCi Week ;iko 999 (K> IMM.I.AK PKKMIl'M Thursday 122'i to 122V.. Wednesday 120 to 120'--.. U.K. II \N<; SKN<; Thursday 441 S8 Wednesda* 44778 words
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165 1977-01-08 7 Reuter HONGKONG, Fri. Harbour Engineering has suffered a consolidated loss of HKSS.7B million for the first half-year ended Sept 30, 1976, compared with a profit of $1.1 million previously. The company said in a statement that $2.25 million of the loss resulted from property development acitivltiesReuter - 165 words
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Page 7 Advertisements
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Advertisement317 1977-01-08 7 Yes, Penguin books are not to be found in any ordinary shop. Not in ,itt,e road-side stalls. Heavens, certainly not in the pasar malam/ Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertainin 9 in a wholesome way, highly educational Mol i Slip/tf/ quite unlike the type317 words
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COMMODITY REPORTS AND PRICES
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Article635 1977-01-08 8 OPENING quotations In the Singapore rubber market yesterday, were marked up sharply following the rise In London, and thereafter prices rose further on increased buying support and lack of sellers. February was first traded at 204.00 cents at midsession. However, some profit-taking pared gains slightly, but towards the635 words
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Article111 1977-01-08 8 DAILY SSR and SMR prices at noon yesterday R-A.S. Jan. (Current Mthl Buyers Sellers (cents per kg) Keb. (Forward Mth) Buyer* S-llrrs (cents per kg) SSR 20 SSR 50 (1-ton Pallet) (1-ton Pallet) 187.00 184 50 188.OON 185 50N 188 00 185.50 189.OON 186 50N M.R.E.L.B. Feb111 words
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Article156 1977-01-08 8 THE Straits tin price in Penang yesterday was up $8.00 to $1.335.12 Vi on an official offering down 55 tonnes to 420 tonnes. In LONDON yesterday, tin softened by around £i? per tonne for Cash and no for Three Months in both the standard and high grade contracts.156 words
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Article29 1977-01-08 8 Rubber: Jan 7. Singapore: Jan 200.50 cti (up 3.25 cts) Malaysia: Feb. 210.00 eta (up 3.00 cts) Tin: $8.00) 0) Official offering: 420 tonnes (down 55 tonnes).29 words
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Article82 1977-01-08 8 LONDON, Frl. Zinc was £1 up for Cash and unchanged for Three Months. Early pre-market steadiness, when Three Months traded at £417 per tonne, was gradually eroded and by the end of the ring, business was being transacted at £413.50. Market sources said an early rise was reversed following82 words
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Article62 1977-01-08 8 LONDON Fri. Lead finished the morning £50 higher for Three Months. After pre-market business at C 319 per tonne. Three Months advanced to £321.50 during ring dealings and €322 on the kerb. Dealers said the market continued its recent buoyant trend despite the rather depressed tone of other metals62 words
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Article120 1977-01-08 8 The following Palm Oil prices were are elf Rotterdam and are quoted In quoted In London on Thursday The prices i US dollar per ton unless otherwise staled Thursday Pr*v. Malaysia 5% ffa bulk Mch/Apl Sumatra 5* Dec Jan Feb Mar Arp Afloat Nigerian 5% ffa bulk Sterling120 words
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Article253 1977-01-08 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICL'L Y ESTERDAY. Coconut Oil: Bulk $85 sellers, old drum $90 sellers, new drum $95 sellers Copra: Mixed (loose) UK/Cont. S5l buyers. Pepper Munlok ASTA white f o b. 100% NLW $327 tellers. Sarawak white f ob 96% NLW sellers.253 words
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Article352 1977-01-08 8 IN the Singapore gold market yesterday the kilohf*" traded in the range of 5510,580 to $10,650 with demand tapering off at the higher level. The loco London gold opened at US$l32 80/ 1&.20 kIwL e metal was strongly bidded up at the close on a V nd at The352 words
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Article152 1977-01-08 8 LONDON, Frl. Copper showed small losses of around £2.50 per tonne for cash wire bars and £3 for Three Months. Wire bar turnover of 4,200 tonnes was boosted by carries. Small buying of Cash and Three Months cathodes in a thin market left prices steady at the slightly lower152 words
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Article152 1977-01-08 8 LONDON, Frl. Silver registered gains of 1.4 to 0.5 pence per troy ounce in line with overnight New York. However, the market continued to lack Interest and prices held steady in the ring in absence of any undue pressure either way. Only 16 lots were traded. On Thursday afternoon,152 words
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Article193 1977-01-08 8 LONDON. Frl. The terminal opened around €70 down from Thursday night's close with Mch traded at t.2,690, but during the call local dealer and commission house selling extended the decline in this position to 12,655. By the end of the call, values were 188 to 166 lower but most193 words
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Article220 1977-01-08 8 BANGKOK, Frl. 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 per cent 2nd 275 100 per cent 3rd 270 5 per cent 258 10 per cent 237 15 per cent 234 20220 words
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Article78 1977-01-08 8 CHICAGO, Thurs. Soybean futures extended early gains late in the session to close 9V 4 to cents a bushel higher. Firmness in meal futures touched off early short-co-vering and speculative buying in beans as local traders accounted for most of the activity. Increased buying interest towards the close took78 words
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Article82 1977-01-08 8 CHICAGO. Thurs. Wheat futures continued to move upward and closed with gains of 3Vi to four cents a bushel. Speculative buying was stimulated by advances in soybean and corn futures. Wheat demand said to be Improved at the Gulf. Snowfall in the Plains and Midwest, although heavy in some82 words
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Article127 1977-01-08 8 LONDON, Frl. Terminal sugar was €0.85 per tonne lower(Aug at £130.75 bid) to unchanged at the close or the first call In a turnover of 394 lots. Subsequent business took prices slightly higher on weekend booksquarlng support. The London Dally and Whites prices were both unchanged at ClO7 and127 words
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Article382 1977-01-08 8 TRADING in the New Year began on a steadier note, a follow through of improvement In sentiment on the eve of 1977, report Holiday Cutter and Bath In their weekly rubber review. The market gained some five cents during the week in uncertain conditions, with price movements erratic382 words
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MONEY AND EXCHANGES
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Article523 1977-01-08 8 THE US dollar continued its rise in thin trading In the Singapore foreign exchange market yesterday. Against the Singapore dollar, it was traded at a higher level of 552.4580/83 at one stage from the opening of $2.4575/85. It later eased to $2.4578/83 at close. Marginal gains were reported against523 words
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Article164 1977-01-08 8 Asian rates ASIAN currency deposit Interbank rates as at close on Jan 7 U8 Dollar. (Spot) Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths 4 7/8 51/8 51/16 51/16 55/16 51/2 511/16 4 3/4 5 415/16 415/16 5 3/16 53/8 59/16 1164 words
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Article40 1977-01-08 8 RANGE of prices offered by discount houses on Jan 7 Overnight 3% Call deposit 2H to 3* Mooing Rut Selling 3-Month Treasury bills 31/16 313/16 3-Month Bunk bills 41/8 4 3-Months CD 41/4 4 1/8 6-Month 45/8 41/240 words
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Article58 1977-01-08 8 RESULTS of Treasury bills tender held on Jan 7 for 91day Treasury bills to be Issued from Jan 10 to 14. Offered: M 5 million Applied for $92,500,000 Anoted: 545 million Accepted bids: $99 25 approximately 75 per cent: higher bids in full Average rate of discount58 words
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Article60 1977-01-08 8 Minimum lending rates (in ACBC a*. First Chicago 6\ Algemene Bank 6* Citibank 6\ Bangkok Bank .7* HSBC 7 Bank of America 6*. Indosuez fl* Bank of China -.7 Malayan Banking 6 V Bank of Tokyo Mitsui Bank 6* Bank Negara OCBC 6*« Indonesia .1% OUB 6-Vi Chartered Bank 6*.60 words
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Article228 1977-01-08 8 LONDON, Frl. The dollar opened strengthened slightly in Europe, still encouraged by bank rate cuts in Holland and Belgium this week. Sterling dropped to $1.7030/40 from $1.7055/60 overnight, following erratic trading in New York on Wednesday which saw the pound down to $1.7020 at one stage. On Thursday afternoon,228 words
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Article153 1977-01-08 8 NEW YORK. Thurs The dollar closed slightly stronger after another quiet trading session marked by another cut in a European country's bank rate, dealers said. Sterling behaved erratically, closing lower at $1.7035/45 from $1.7105/15 overnight after hitting a $1.7020 low on news that British miners rejected a coal153 words
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Article151 1977-01-08 8 HONGKONG, Fri. The US dollar was quoted at HK54.6500/30 in late trading, unchanged from the end-morning rate but below the overnight $4.6590/6620, after an erratic morning and a quieter afternoon, dealers said. Short term local money rates closed above Thursday, with overnight quoted at rates ranging between 3Vfc and151 words
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Article105 1977-01-08 8 TOKYO, Frl. The US dollar for overnight delivery closed at 292.50 yen, unchanged from Thursday's close, after opening higher at 293 and rising to 293.05. Dealers said Japanese banks initially covered Import settlement needs for early next week against the background of yen easiness nvpr^pflc However, the higher level105 words
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Article193 1977-01-08 8 Euro rates LONDON, Frl. Eurodollar deposits opened basically steady and showed little change from openings In a continuation of recent quiet conditions, dealers said. One and Two Months, however, were Initially 1/4 and 1/8 firmer respectively reflecting the Friday dealings technicality. A slightly wanted undertone In early trading stemmed from193 words
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Article47 1977-01-08 8 AUSTRALIA/NZ exchanges quoted on Jan 7. Australia: Sterling 0.6412/0.6340 US dollar 1.0889/1.0841 Ninety-day air mall buying rates: Sterling 0.6726 US dollar 1.1151 Ninety-day forward buying rates: Sterling 0.6538 US dollar 1.0866 New Zealand: Sterling 0.5580/0.5549 US dollar 0.9565/0.9465 Ninety-day forward rate: Sterling 0.5984 US dollar 0.974347 words
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Article37 1977-01-08 8 ZURICH exchanges quoted on Jan 6 US 2.4535-4545 UK 4.1890-1925 Can 2.4435-4450 W Germ 104 36-46 Neth 100.05-16 France 49.55-60 Belg 6.81- l/ *-82- v Denm 42.28-32 Norw 47.46-50 Spain 3.59-59-". Arg 0.85-1 00 Japan 0.83-37 words
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Article40 1977-01-08 8 FRANKFURT exchanges opening quotes on Jan 7 Can 2.3478/ 98 UK 4.005/ 020 Neth 95.77/ 92 Swltz 95.75/ 90 Italy 2.685/ 700 France 47.50/ 65 Norw 45.44/ 54 Belg. com 6.530/ 545 Belg fin 6.52/ 53 Japan 0.8046/ 5640 words
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Article315 1977-01-08 8 LONDON, Fri. Fui<» bonds were mixed In irregular trading conditions dealers said. US issues were quiSome dealers felt the ma ket was slightly firmer wh« < others saw an easier h.idency due to the lower '"s bond market. were little changed in vn small trading. Guilder bonds were315 words
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Page 8 Advertisements
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Advertisement136 1977-01-08 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times I BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak, Sabah Australasia/Pacific (excluding Hawaii)136 words
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TRANSPORT AND COMMUNICATIONS
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Article1516 1977-01-08 9 WONG WAI LIN - The problems plaguing one of Malaysia's biggest bus companies and the steps it is taking to make itself king of the road again By WONG WAI LIN THE big blue bus Is in trouble. Humbling on Kuala Lumpur's roads since 1958, Sri Jaya1,516 words
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Article483 1977-01-08 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Alan (SMIX) (0500 after Botany Triumph Jaladhya hauls) 13/14 Cecllle Maersk (after Emma Bakke) (Draft 9.7 m) 1/2 Cherry Blossom (B. Barge) (1200) 48 Jaladhanya (hauls 15m West after Straat Amsterdam sails) 10/11 Kao Sah (3ETM) (1500 after Plonerskaya Pravda) (Subject freeboard) 27483 words
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Article601 1977-01-08 9 ARRIVALS BWVIOf Operator Number Local Tine From CAL CI333 0040 TPE/HKO/KUL MAS MH082 0610 KCH MAS MH607 0000 KUL JAL JL712 1000 HLP CAL CI814 1000 HLP SIA 8Q211 1010 HLP OIA OA 980 1030 HLP CPA CX710 1030 HLP THAI T0423 1035 BKK OIA OA 908601 words
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Page 9 Advertisements
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Advertisement602 1977-01-08 9 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who602 words
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Article, Illustration742 1977-01-08 10 JOHN RODERICK - By JOHN RODERICK IN CHINA'S new era of the "long march" generation, mystery continues to envelope the fate of Teng Hsio-ping. one of the most picturesque and resilient of the old guard. Two months ago, when the senior moderates overcame the younger742 words
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Article, Illustration897 1977-01-08 10 From FOX BUTTERFIELD - BUSINESS IS BRISK THROUGHOUT THE COUNTRY How far China's new leaders will go to cater to the consumer is still problematical. But the trend would depart from Mao Tse-tung's spartan insistence on putting revolutionary purity ahead of economic progress. From From FOX897 words
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Article, Illustration1160 1977-01-08 10 JUAN DE ONIS - NO MORE TALK ABOUT MILITARY CONSPIRACY AND REBELLIOUS STUDENTS FORMING GUERILLA GROUPS By JUAN DE ONIS NYT FIVE years of political stability under a military government has given Bolivia some solid economic growth and a new optimism toward national possibilities. This landlocked, mountainousNYT - 1,160 words
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Page 10 Advertisements
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Advertisement459 1977-01-08 10 THESE ARE THE BOOKS THAT HITLER BURNED l *-1 tsmLi r* s^B '1 fe» !•••>• >» ai; a at 3! 3 s; t i THE GREAT BOOKS OF WESTERN CIYILIZAHON These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and459 words
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378 1977-01-08 11 AP MANILA, Frl. Libyan leader Muammar Gaddafi has pledged to help the Philippines fight for Its "true Independence from the United States," govern-ment-controlled newspapers reported today. He made the statement in an Interview in Tripoli with the Manila Times Journal. The newspaper is controlledAP - 378 words
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Article448 1977-01-08 11 AP LONDON, Fri. Tin metal held by the buffer stock of the International Tin Council (ITC), on Sept 30 stood at 1.898 tonnes, a drop of about 33 per cent, the Council announced yesterday. Three months earlier It was 2,822 tonnes. The announcement cameAP - 448 words
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Article354 1977-01-08 11 UPI BRUSSELS, Frl. Mr. Roy Jenkins of Britain, the new President of the European Common Market Executive Commission, today announced a radical shakeup of the 13-man body after Its first formal meeting, a marathon session lasting through the night. Mr. Jenkins split up portfolios andUPI - 354 words
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Article287 1977-01-08 11 AP WASHINGTON, Fri. Although world grain supplies have increased because of good harvests the past year, they still are not large enough to assure ample food supplies in the future, says a senior US Aericulture Department official. By next summer, wortd grain stocks, excluding thoseAP - 287 words
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Article, Illustration44 1977-01-08 11 UPI CAIRO, Fri. President Anwar Sadat greeting Malaysia Premier Hussein Onn who arrived Wednesday for a five day official visit and talks on Middle East situation and bilateral relations. Mrs. Sadat attended the meeting at the President's Giza home. UP I.UPI - 44 words
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334 1977-01-08 11 AP WASHINGTON, Fri. An economic mission from the World Bank will visit Vietnam soon for talks that could lead to future financial aid for the Hanoi govt, a spokesman for the bank said last night. Vietnam was recently admitted to the 128-nationAP - 334 words
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596 1977-01-08 11 Reuter TOKYO, Fri. Japan's new government Is putting a major effort into completing a 1977 budget aimed at stimulating a sluggish economy. Prime Minister Takeo Fukuda hopes the budget will be ready by Jan 20. He must then nurse it through a ParliamentReuter - 596 words
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Article, Illustration426 1977-01-08 11 KUALA LUMPUR, Fri. The top two officials of the Port Klang Authority have left their jobs. The port authority has been under fire in Parliament recently but their departures were not connected with the criticism. a news conference was told yesterday. The426 words
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Article79 1977-01-08 11 Reuter WASHINGTON, Fri. The US Energy Research and Development. Agency said yesterday It plans to build tne country's first solar electric plant in the Mojave Desert in California. The US$lOO million (***** million) plant is expected to produce enough electricity 10 megawatts for a city ofReuter - 79 words
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468 1977-01-08 11 Fishing zone Japanese to sound out Russia AP TOKYO, Fri. The scheduled visit to Moscow of Mr. Kenklchl Nakabe, president of Taiyo Fishery offers a hope for Japan to sound out Soviet intentions on the Soviet 320 km offshore limit in connection with future Japanese fishing activities in the NorthAP - 468 words
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Page 11 Advertisements
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Advertisement569 1977-01-08 11 APPOINTMENTS AAA "feu know us at *****4 and *****4 Now know us better at and T A A NOTICES IN THE HIGH COURT OF THK REPUBLIC OF SINGAPORE Companies Winding Up No. 147 of 197« In the Matter of the Companies Act (Chapter IHS) AND In the Matter of BETTER569 words
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Advertisement450 1977-01-08 11 SANDILANDS Shipping, Singapore Invites applications from suitably qualified/ experienced persons for the following appointments created by a new agency representation Involving both containerised and breakbulk services to/ from Europe and USA. SHIPPING MANAGER: to assume overall responsibility for the smooth and efficient running of the shipping department, and reporting to450 words
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Article228 1977-01-08 12 AP TOKYO, Frl. Japan plans to send a mission to Brussels this month to discuss Japan's future Imports of farm products from the European Common Market countries, Government officials said today. The Common Market earlier said It wants to send a mission to TokyoAP - 228 words
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Article786 1977-01-08 12 LONDON, Frl. British government bonds were a firm feature In (airly large turnover but equities weakened on profittaking, dealers said. At 3 p.m., the Financial Times Index was down 5.6 at 362.2 after touching 358.7. Demand for government bonds snowballed after news that the government broker's supplies of786 words
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214 1977-01-08 12 Reuter ROME, Fri. The powerful Italian Communist Party today threw iU fall weight behind trade union leaders who have turned down government proposals intended to bolster Italy's battered economy and curb soaring inflation. One of the communists' most senior economic affairs spokesmen, Mr.Reuter - 214 words
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102 1977-01-08 12 DIAMOND Dragon Drilling's first offshore drilling unit to be built in Singapore, the "Diamond M Dragon", will be christened today at the Far EastLevingston Shipyard in Jurong. The "Diamond M Dragon" is a self-propelled drlllshlp and cost US$24 million (5558.8 million) to build.102 words
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Article73 1977-01-08 12 Reuter WASHINGTON, Frl. Assistant Treasury SecretaryGerald Parsky said he believes Saudi Arabia will be able to hold this year to Its five per cent oil price increase. Mr. Parsky told a Senata banking committee hearing that Saudi Arabia's adherence to five per centReuter - 73 words
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505 1977-01-08 12 THOSE WHO FLED TO THE JUNGLES Reuter BANOKOK, Frl. General Krlangsak Chamanan, one of Thailand's top military leaders, told newsmen that the stepped-up communist Insurgency In Thailand was partly due to leftwlng students who fled Into the Jungle. Official sources say that about 600 studentsReuter - 505 words
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Article413 1977-01-08 12 UPI HONGKONG, Frl. Charging that China's late Premier Chou En-Lal was "persecuted to death" by the "Gang of Four" a Chinese radio broadcast last night said the four would go on public trial on the anniversary of his death. Chou died on JanUPI - 413 words
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Article500 1977-01-08 12 LONDON, Frl. Gentlng Highlands, with a 22 per cent stake In Oolden Hope Plantations, one of the three companies the others are London Asiatic and Patallng Rubber which Harrisons and Crossfield are anxious to merge is "reasonably confident" that It will succeed In blocking500 words
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188 1977-01-08 12 THE Singapore Contractors Association view the threeday conference on The Law of Construction Contracts beginning Jan 27 as an opportunity for those in the building industry to understand better the legal conditions governing the trade. The association and the Institute of Building, Singapore Centre188 words
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Article229 1977-01-08 12 UPI HONGKONG, Frl. Despite devastating earthquakes that put the country's largest coal mining complex out of production for a prolonged period, China "overfulfilled" Its coal production plan last year, the New China News Agency (NCNA) said today. Coal is the country's main energy source, supplyingUPI - 229 words
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123 1977-01-08 12 AP SEOUL Fri. South Korea, concerned about a possible US troop pullout from Korea under the incoming Carter it seeking a tripartite security conlultative body with America and Japan, the Hapdong news agency said today. At the same time, Hapdong said, Seoul is studyingAP - 123 words
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Article140 1977-01-08 12 SINO Guan Construction (Pte) Ltd was involved In two suits, filed In the High Court yesterday. A total of $325,082.01 was claimed from the company. Starcrete Pte>claimed $287,321.75 from Sing Ouan and Malayan Iron and Steel Mills claimed $37,760.26. In another set of writs with140 words
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Article80 1977-01-08 12 FukudaCarter date UPI TOKYO, Frl. Summit talks between Prime Minister Takeo Fukuda and US President-elect Jimmy Carter will be put off until after April, Japanese Government sources said today. The sources said the delay Is due to the busy schedules of both Mr. Carter and Mr Fukuda who will beUPI - 80 words
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299 1977-01-08 12 AK NEW YORK, Frl. The International Coffee Organisation announced yesterday that It Is launching a worldwide promotional campaign to sell coffee at a time of spiralling prices and an organised boycott. The group's American affiliate. the National Coffee Association, says it will spendAK - 299 words
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Article126 1977-01-08 12 Reuter FRANKFURT, Frl. Credit take-up by German Industry is expected to expand faster this year than in 1976, while the growth rate of public authority borrowing is unlikely to advance beyond last year's, Commerzbank AG said. Direct banking credits to the public sector will be below lastReuter - 126 words
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Article, Illustration44 1977-01-08 12 JIM Slater, 46-year-old head of Slater Walker Securities, on the way to the Horseferry Road court, London, for the first day (Wednesday) of an 11-day hearing in connection with extradition proceedings instituted by the Government of Singapore against him. AP photoAP photo - 44 words
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209 1977-01-08 12 AP BANGKOK, Frl. Thailand's debt-ridden Air Slam is continuing to negotiate with the Government on the private airline's right to operate after March 31, an airlines spokesman said today. Air Slam managing director Vlvlt Vlchltvathakarn yesterday met Commerce Ministry officials to explainAP - 209 words
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Article63 1977-01-08 12 UPI HONGKONG, Frl. The longest bridge In China, a 3.000 m span across the Yellow Elver at Loyang. has been opened to traffic, the New China News Agency reported today. Loyang Is In Honan province, about 720 km south-west of Peking. "The bridge is built with 50mUPI - 63 words
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Page 12 Advertisements
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Advertisement200 1977-01-08 12 FINANCIAL AND ACCOUNTING MANAGEMENT OPPORTUNITIES Straits Group requires suitably qualified and ambitious personnel to further strengthen its financial and accounting management functions and to participate in the Group's expansion. The Straits Group is well known for its activities in Shipping, Distribution, Engineering, Property, Oilfield, Data Processing and other fields and200 words
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Advertisement194 1977-01-08 12 SEE THIS PAGE asui®MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE r =Ili ASIA RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast194 words
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