The Business Times, 15 January 1977
1977-01-15
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The Business Times
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Title Section10 1977-01-15 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, JANUARY 15, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article67 1977-01-15 1 UPI SALISBURY, (England), Frl. The Earl of Avon, 79, who as Sir Anthony Eden led Britain Into the abortive 1956 Anglo-French Invasion of Egypt, died peacefully In his sleep today. The statesman returned from the United States last Sunday suffering from progressive liver failure and went toUPI - 67 words
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Article70 1977-01-15 1 Reuter PLAINS, Frl. President-elect Jimmy Garter was believed today to have invited to Washington the leaders of France, West Germany and Japan to follow up a visit by British Prime Minister James Callaghan in February. Mr. Carter, who will be sworn In as the 39th US President nextReuter - 70 words
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Article37 1977-01-15 1 Reuter MANILA, Frl. President Marcos today exchanged goodwill messages with Indonesian President Suharto on the occasion of the Economic Ministers Conference of Asean In Manila from Jan 20 to 21, the Presidential Palace said. Reuter.Reuter - 37 words
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Article52 1977-01-15 1 UPI BANGKOK, Frl. The government-run Thai International said late today it will honour air tickets for hundreds of passengers, including several dozen Japanese tourists, stranded in Bangkok by the shutdown of privately-owned Air Slam. Thai International "will honour Air Slam documents," the airline said in aUPI - 52 words
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Article38 1977-01-15 1 Reuter LISBON, Frl. The Lisbon stock exchange will resume full operations on Feb 28 for the first time since the 1974 coup in which the rightwlng dictatorship was overthrown, Portugal's socialist Government announced today. Reuter.Reuter - 38 words
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Article60 1977-01-15 1 Reuter ROTTERDAM, Frl. Talks on a 1977 wage agreement for 14,000 harbour workers In Rotterdam, Amsterdam and other Dutch ports ended In deadlock, union and employers' sources said. Union representatives will consult their executive committees and, unless these recommend further talks with the employers, consider possible IndustrialReuter - 60 words
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Article63 1977-01-15 1 AP BANGKOK, Frl. Major motion picture companies will stop sending films to Thailand in retaliation for a government Import tax described by one Industry official as "one of the highest In the world." The move would virtually stop the screening of very popular Western films inAP - 63 words
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Article44 1977-01-15 1 UPI NEW YORK, Frl. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 973.57, down 2.58; 20 transp 234.65, down 0.09; 15 utils 107.75, up 0.42; 65 stocks 318.48, down 0.31. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration173 1977-01-15 1 ACTIVITY at the Stock Exchange of Singapore yesterday slackened as most operators stayed on the sidelines. Shares ended on a mixed note. The Business Times index fell 1.29 points to 272.15 while the Straits Times Industrial average shed 0.30 point to 258.46. Falls Most active Aokam 220173 words
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Article111 1977-01-15 1 Rises Most active Sel Dredging A. Amal Petallng Rahman Hyd D. Keramat S. Trading 8g Best Silpreme Corp. Boustead $4.78 $3.40 $4.32 $2.08 $5.60 $5.50 $1.87 $1.45 $3.82 .34 .20 .18 .16 .10 .50 .05 .05 .04 Central Sugars 150,000 Haw Par 132,000 Pan Electric 124,000 Golden111 words
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Article, Illustration854 1977-01-15 1 ANTHOKY ROWLEY - RECORD HIGHS IN PENANG YESTERDAY By ANTHOKY ROWLEY WITH buffer stocks exhausted, tin prices surged to new record highs In Penang yesterday, and a tin industry expert In Malaysia the world's leading producer told Business Times last night that "anything could happen now" to prices.854 words
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Article141 1977-01-15 1 UPI MANILA, Frl. President Ferdinand Marcos renewed his call today for a meeting between Japan and the Association of South-east Asian Nations to strengthen their economic partnership and forge a possible regional pact. Repeating a call he made late last year, Mr. Marcos said Japan,UPI - 141 words
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Article168 1977-01-15 1 KUALA LUMPUR, Frl. Umno Youth leader, Tan Sri Syed Jaafar Albar, 62, died In the Muar hospital this evening. It Is believed that he died of a stroke. He was In Muar to attend an Umno Youth meeting. He Is expected to be burled In Kuala Lumpur. The168 words
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187 1977-01-15 1 MANILA, Pri. The Philippine*, faced with world price slump in it* chief export product, sugar, has succeeded in negotiating substantial sales with the Soviet Union and China at favourable prices, Mrs. Ime Ida Marcos said todayMrs. Marcos, who last month was assigned a sugar selling187 words
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411 1977-01-15 1 TIN shares moved up in line with the upsurge In the basic metal price yesterday. In both Singapore and Kuala Lumpur. By the close of trading on the Stock Exchange of Singapore, the Straits Times Tin index was 1.29 points up at 08.33 after411 words
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Article552 1977-01-15 1 MORGAN Guaranty Trust Co of New York believes there Is no reason to suppose that Indonesia's external borrowing will not be repaid in timely fashion, as and when due. The vice president of Morgan Guaranty Trust Co Singapore, Mr. David Band, said this to counter552 words
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Article71 1977-01-15 1 Reuter LONDON, Frl. The UK Export Credit Guarantee Department said It guaranteed a £202 million (SSBOO million) loan made to Dubai Aluminium Co by the Lloyds Bank group. The loan, the biggest ever to be (ruaranteed by ECOD will ht i finance the £341 millionReuter - 71 words
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270 1977-01-15 1 Reuter SEOUL, Fri. South Korea it considering ceasing foreign exchange transactions under a swap arrangement with foreign banks here, in view of its soaring foreign exchange reserves, Bank of Korea (BOK) officials said todayThe swap arrangement was effected in 1970 to helpReuter - 270 words
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Article30 1977-01-15 1 Reuter TOKYO, Frl. Japanese shipyards last year received orders from abroad for 474 vessels totalling 5.9 million gross tonnes, the Japan ship exporters' association said today. Re uterReuter - 30 words
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Article272 1977-01-15 1 KUALA LUMPUR Kepong Is selling its Kepong Estate for M 528.91 million for property development purposes. The consideration places a value of $49,414 per hectare on the 585-hectare estate, which is being sold to Multi-Purpose Holdings. The estate belongs to KLK's wholly-owned subsidiary Kepong272 words
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Article214 1977-01-15 1 ANOTHER sophisticated financial Instrument the bankers acceptance may make its debut in the Singapore money market. Bankers acceptances trade bills accepted by commercial banks will Inject more liquidity Into the money market and provide more trade financing. Proposals for introducing this negotiable instrument have been submitted214 words
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Article106 1977-01-15 1 AP JAKARTA, Frl. Saudi Arabian Ambassador Bakr Abbas Khomals today discussed the possibility of his country's participation In capital Investment here with Industrial Minister Mohammad Yusuf. A spokesman said Investment could be carried out In the form of government-to-government co-operation or In Joint ventures between theAP - 106 words
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Page 1 Advertisements
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Advertisement45 1977-01-15 1 ——I I I I INSIDE Market reviews/TV A Commodities P8 Radio— P2 Transport A CotnmuOverieaa news/ nications Pt Features PS Features Pl® Local A International Local A Overseas newt Co news P5 Pll Local stocks P6 Local A Overseas new* Overseas stocks P7 Pl 245 words
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Advertisement126 1977-01-15 1 THE SMOOTH SIMPLE STYLE OF L A You have to drive the 504 to appreciate its excellent performance and high standard of engineering. Its pick-up, power, road-holding, braking and reliability. Its economical 1971 cc petrol engine, giving minimum consumption for maximum efficiency. The endurance of its oversquare 4-cylinder inline engine126 words
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Advertisement173 1977-01-15 1 <=$'^!~?)@`|^]~-|_;"\$=+*'`]_") a ss HP A Wayfoong MAF loan can help you get through the difficult months of any business A big idea isn't enough. A business needs Wiyfoong MAF. Wayfoong MAF can help a new business get started or an established business expand. Thinking of buying a home? A loan173 words
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MARKET REVIEW
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259 1977-01-15 2 RONALD LAM - Compliid fcy RONALD LAM OTHER ANNOUNCEMENTS BOUSTEAD HOLDINGS has subscribed for cash 28 per cent of the issued capital of a new company, Royal Insurance (Malaysia) which has an issued and paidup capital of Mss million. The consideration is $1.4 million. Under259 words
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Article514 1977-01-15 2 TRADING at the Kuala Lumpur Stock Exchange this week turned easier as investors and dabblers took stock of the gains made in the bullish runup. It was only in the last two days of the week that the market saw a barely steady trend prevailing, but this was514 words
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290 1977-01-15 2 SYDNEY Reuter WITH most traders and Investors returning from the Christmas and New Year holidays, activity picked up noticeably on the Sydney stock market this week. Under the Initial buying support, the Sydney AllOrdlnarles share price Index, the main market Indicator, broke though theReuter - 290 words
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Article735 1977-01-15 2 IVAN FALLON - LONDON IVAN FALLON LONDON: The boom in the London stock market faltered this week but only briefly. As the snow descended upon the City and commuters fled early along choked up roads and chaotic railways, the Financial Times index on Thursday found Its upward735 words
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Article306 1977-01-15 2 MONDAY night found some Jubilation In the Genting Highlands/ Rothschild camp after the successful defeat of the delicate Harrisons and Crosfleld "three sisters" merger plan. But Barings have not been working on this scheme for two years for nothing and within hours of the rejection had306 words
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Article201 1977-01-15 2 BRITAIN once upon a time dominated the motorbike industry, its great Triumph, BSA, Norton and AJW bikes burnings up the modest competition all over the world. In the past 10 years the story has been the wellworn one of total destruction by fierce Japanese competition. Two years ago the201 words
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237 1977-01-15 2 Reuter WASHINGTON, Frl. The Council on Wage and Price Stability said the recent wage settlements in the motor Industry have underestimated their actual costs, and could backfire on both prices and employment. In a report on the wage agreements between the United AutoReuter - 237 words
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Article217 1977-01-15 2 LONDON, Frl. The Bank of England has decided to reduce the rate of call for special deposits from all banks and deposit-taking finance houses to three per cent of eligible liabilities from six per cent. It will do this by cancelling the call for217 words
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Article127 1977-01-15 2 Reuter BONN, Fri. West Germany's powerful export surge, a major force In last year's economic recovery, will be followed by a distinct slowdown in 1977, official and private experts said. At the most pessimistic end of the scale, some industry sources foresee real growth of only five toReuter - 127 words
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Article197 1977-01-15 2 Reuter PARIS, Fri. French companies will be subject to official scrutiny if they propose mergers resulting in them controlling 40 per cent of the market for any Jiroduct, government otlclals said. They were explaining to a press conference the detailed provisions of a draft law approved this weekReuter - 197 words
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Article757 1977-01-15 2 SINGAPORE SHARES were marginally marked down across a wide front this week under generally Irregular trading conditions. Liquid as the market was, operators were Just not too keen to commit themselves after a fortnight of almost uninterrupted advance. After a heady opening, the rest757 words
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Article75 1977-01-15 2 LONDON, Fri. A special council meeting of the International Coffee Organisation's to discuss ways of dealing with the current coffee price spiral Is unlikely in the Immediate future, coffee trade sources reported today. Sources in London said it was generally agreed that a full council session could75 words
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Page 2 Advertisements
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Advertisement492 1977-01-15 2 THESE ARE THE BOOKS THAT HITLER BURNED crZ9 =aa IV m m flp H H V VI VI VI Li f v_ Jiii-jjjjW-r .-Si"- J& m 5"" **T" tl P§£ J 1 1 MlliEß-B w r. CtklLu .1 "II" 1 -I "i 1 11 5S *g f 111 f it|492 words
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Page 2 Miscellaneous
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Miscellaneous381 1977-01-15 2 TV WEATHER report for 24 hours prior to 7.30 p.m. on Jan 14 at Singapore airport: Maximum temperature Associated humidity Minimum temperature Associated humidity Hours of sunshine Rainfall in millimetres Total rainfall for the month Total rainy days for the month SINGAPORE 5 1.05 P.M. Opening Announcements followed by Sesame381 words
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OVERSEAS
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Article, Illustration851 1977-01-15 3 KUWAIT, Fri. AP IRAQ'S Planning Minister has called for an emergency meeting of the Organisation of Petroleum Exporting Countries to review oil prices, Kuwaiti news reports said yesterday. Eleven of the 13 Opec members decided last month to raise oil pricesAP - 851 words
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Article430 1977-01-15 3 UPI LONDON, Fri. In the United States housewives are boycotting high-priced coffee. In Britain It Is bread. The British action Is not so much over bread's high price as against an extraordinary case of Industrial blackmail which allows a handful of truck drivers to decide howUPI - 430 words
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230 1977-01-15 3 AP BUENOS AIRES, Fri. Argentina, one of the world's largest Beef producers, may ration beef domestically in order to make more of the product available for export, it was announced yesterday. Mr. Luis Perazzo, head of the government-run National Meat Board, said rationing mayAP - 230 words
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291 1977-01-15 3 AP WASHINGTON, Fri. US Commerce Secretary Elliot Richardson said yesterday he will act before leaving office on a US$5OO-million loan guarantee application which has become complicated by what he has called a questionable commission to a South Korean businessman." The application is fromAP - 291 words
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Article74 1977-01-15 3 Reuter BERLIN, Frl. West German unemployment, already back over the one million level, will rise further in January and February for seasonal reasons, the Berlin Institute for Economic Research said. For the whole of 1977, unemployment will average at least 900,000, as the slight rise expectedReuter - 74 words
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Article48 1977-01-15 3 Reuter PARIS, Frl. France's industrial production Index rose 2.4 per cent In November to 126 seasonally adjusted (base 1970) from 123 In October but remained below September's 129, Finance Ministry figures showed. The year on year rise In November was 11.5 per cent (eight per cent).Reuter - 48 words
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212 1977-01-15 3 AP WASHINGTON, Frl. President John Saw hill of New York University suggested yesterday that the US Government enter the oil business by buying crude from producing countries to help build a national stockpile. Mr. Sawhlll, former Federal Energy Administrator, made the proposalAP - 212 words
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Article122 1977-01-15 3 Reuter CANBERRA, Frl. Australian Transport Minister Peter Nixon today announced he had approved a 10 per cent fare rise request from most International airlines to compensate for costs arising from last November's 17.5 per cent devaluation of the Australian dollars. Mr. Nixon said the 10 perReuter - 122 words
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311 1977-01-15 3 UPI OTTAWA, Ftl. A citizens research group yesterday charged Canadian Government agencies, banks and Industries are complying with an Arab economic boycott directed against Israel and Jews. Mr. Irwin Cotler of Montreal's McGlll University, chairman of the privatelyestablished Commission on Economic Coercion andUPI - 311 words
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Page 3 Advertisements
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Advertisement169 1977-01-15 3 m The magazine for you, the Advertiser Do you want to reach her *1' V This is Angela, early twenties, bright, young and beautiful just like the mogazine she reads, Her World. She spends her money on clothes, jewellery and "things to decorate the home," she tells us: vf "My169 words
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Page 4 Advertisements
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Advertisement465 1977-01-15 4 How advertisers can mount a campaign aimed at businessmen Tactical information from Business Times 1. Know what you are up against. If you want to advertise to businessmen you have to decide how to reach them. Here's what you are up against: 1. Direct Mail. There's nothing wrong with direct465 words
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COMAPANY NEWS
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Article775 1977-01-15 5 IN th« past five weeks the share prices of the three publlcfy quoted flour milling companies have advanced strongly on the Stock Exchange of Singapore with Malayan Flour Mills leading the pack both in terms of price appreciation and turnover. Between Dec 1976 and Jan775 words
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Article310 1977-01-15 5 Current Ex Date Total for Total for payment Date payable the yew previoua yaar N.S.O.P. 10% Dec 21 Jan 15 10%+ 17.5% Batu Raw an 5% Dec 30 Jan 17 10% 5%a Duff Dev. 2.5% Dec 30 Jan 17 5% 5% K. Kellai Tin 100%+ Dec 17 Jan310 words
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Article45 1977-01-15 5 BANK of America, NT and SA has promoted Mr. S.K. Woon from operations assistant 'A' to assistant manager/operations assistant 'A*, Shaw Centre branch. Mr. Woon Joined the bank In 1958 and has held various senior appointments In the bank's branches In Singapore.45 words
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COMPANY MEETINGS
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24 1977-01-15 5 THE following company meetings are due: Jan 18, 11.30 a.m., 4th Floor, Bangunan MIDF 117 Jalan Ampang, Kuala Lumpur.24 words
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Article14 1977-01-15 5 Jan 21, 12 noon, at Raffles Hotel, Beach Road, Singapore 7.14 words
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Article14 1977-01-15 5 Cycle Carriage Ltd.: Jan 22, 12 noon, Mandarin Hotel, 333 Orchard Road, Singapore 9.14 words
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Article14 1977-01-15 5 Jan 24, 12 noon, Registered Office, 114 Jalan Sultan Yussuf, Ipoh.14 words
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702 1977-01-15 5 ROBERT METZ - By ROBERT METZ NYT OCCIDENTAL Petroleum, a Wall Street favourite of the late 1960s that got little attention thereafter, seems to be making a comeback .with investors. The shares, which traded as low as 13% less than a year ago, have been climbing steadily andNYT - 702 words
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Article1232 1977-01-15 5 On January 13 PRICES on the Chicago Board Options Exchange advanced as gainers topped losers on Thursday, 385 to 84. CBOE volume approximated 88,629 contracts, down from 101,484 contracts on Wednesday. OPTION JAN APL JLY STOCK Alcoa 4$ 10 1/4 NOL NOL 55 5/8 Alcoa SO 51,232 words
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Briefly
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Article60 1977-01-15 5 NEW YORK, Frl. RCA announced a new line of 40channel two-way citizens band radios which It said have received federal communications approval and are authorised for use this month. It said the line, the company's most extensive, are signed for cars, trucks, boats and recreational vehicles. A new 40-channel60 words
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Article30 1977-01-15 5 TOKYO. Frl. Nippon Electric said It won a six bllllon yen order from Empresa Brasllelra Telecomunlcacoes (Embratel) for crossbar-type telex exchange systems for delivery by the end of 1979.30 words
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Article63 1977-01-15 5 LONDON, Frl. Orion Bank said that, because of the heavy subscriptions to the CsBo million Royal Bank of Canada two-part Eurobond issue, It Is now ex- pected the Interest rates will be eight per cent on the 1984 debentures and nine per cent on the 1992 debentures. This63 words
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Article48 1977-01-15 5 SYDNEY, Frl. Comeng Holdings said It plans to make a one-for-ten scrip Issue. The new shares will rank for dividend Immediately, and will thus qualify for the Interim dividend payable In April. Company said It expects to be able to maintain dividend payment on the increased capital.48 words
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Article54 1977-01-15 5 TOKYO Frl. Nippon Kokan Kalsha (NKK) said It agreed with Saudi Arabia's Petroserv Corp to set up an equally-owned Joint engineering venture In A 1 Jubayl In March. Capitalised at US$l million, the new firm, Nippon Kokan Arabia, will manufacture steel frames for bridges, pipelines, high-rise buildings, oil storage54 words
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Article59 1977-01-15 5 LONDON. 'Frl. The Japanese construction firm Kumagai Ouml plans to raise US$l5 million In the Eurobond market through guaranteed notes due 1982, Sumitomo Finance International said. The notes, expected with an interest rate of 7% per cent and pricing at a discount, will be guaranteed by the Sumitomo59 words
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Article71 1977-01-15 5 SYDNEY. Frl. Net profit at Reckitt and Colman Australia rose by 21.5 per cent to A 59.39 million from $7.73 million for the year ended Oct 31, 1976. The profit Is before extraordinary Items and was achieved on a gross revenue of $116.19 million ($94.75 million). Reckitt is paying71 words
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228 1977-01-15 5 Reuter MELBOURNE, Fri. Emperor Mines said Its Emperor Gold Mining subsidiary plans to continue operating its mine at Vatukoula, FIJI, despite losses during the first five months of the current financial year. Emperor chairman Mr. J.I. Reld told the annual meeting the company felt It wasReuter - 228 words
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Article208 1977-01-15 5 NEW YORK, Frl. The strong performance seen at International Telephone and Telegraph In the third quarter of last year continued into the last three months to push 1976's operating net profit 22.9 per cent higher at $489 million compared with $398 million previously. This was achieved on a208 words
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Article253 1977-01-15 5 Reuter ZURICH, Frl. Swissair, Schwelzerlsche Luftverkehr, raised Its profit margin to around three per cent last year from 1.25 per cent In 1975, finance director Hans Schneider said. He told the newspaper Schwelserlsche Handelszeltung, the very good operating results In 1976 stem above all the recordReuter - 253 words
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Article335 1977-01-15 5 Reuter HAMBURG, Frl. Deutsche BP and Bayer are considering a Joint Investment worth over one billion marks to convert BP'S oil refinery at Dlnslaken In the Ruhr Into a petrochemical complex, a BP spokesman said. The spokesman said he could give no details on theReuter - 335 words
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Article275 1977-01-15 5 FT LONDON, Frl. After being behind from £4.18 million to £3.39 million at midway Thos. W. Ward, the iron, steel, construction, engineering, motors and industrial services group, announces an increase in turnover for the year to Sept 30, 1976 of 11.4 per cent and aFT - 275 words
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Article161 1977-01-15 5 Reuter WASHINGTON, Frl. The advisory committee on corporate disclosure urged the Securities and Exchange commission to encourage companies to voluntarily disclose forecasts of their future economic performance. The committee, created by the SEC, said disclosures should be encouraged on an experimental basis. They should include statements of materialReuter - 161 words
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Article106 1977-01-15 5 CHICAGO, Frl. Union Carbide expects 1976 earnings to rise by slightly more than 12 per cent and sales to be up about 12 per cent from a year ago, chairman Mr. William S. Sneath told analysts. In 1975 the company reported earnings of U556.23 a106 words
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Article102 1977-01-15 5 NEW YORK, Frl. As forecast, fourth quarter earnings at Chemical New York have shown a good Increase, continuing last year's trend of higher quarter-to-quarter results. Net earnings showed an increase of 17.6 per cent to U5525.4 million from $21.6 million in the last three months of 1976,102 words
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Page 5 Advertisements
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Advertisement496 1977-01-15 5 Business Management in Penguins THE DEBT m TRAP 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 own economies496 words
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Article2113 1977-01-15 6 \ti%m HiCk Low Company Laat Safe +orGr's div Div e'rr y'ld P/E Vol Day i ('000) High Low SECTION ONE INDUSTRIALS 175* 206 100 237 186 402 204 248 460 137 133 172 60 185 66 254 149 172 394 39 Aetna Alcom Allied Choc Bata Ben2,113 words
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Article1472 1977-01-15 6 BID and offer prices officially listed and business In and repotted to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,472 words
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Article1353 1977-01-15 6 BID and offer prices officially listed and business. In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. industrials AMU (1.508), XD. A. TIM (0.40B) (2) 0.40. AJinaniat* (I.NB 21,353 words
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Article148 1977-01-15 6 B O T 8 1/2% 19X1 (100,000) (1038 103%5) D B S 8 1/2* 1982 (100.000) (1008 100'»S) DBS Converts 6 1/2"* 1991 (100.000) (978 98S i EIBW 1982 (100.000) (103 1048) E I B 8 1/4% 198.1 (100.000) (100HB 100*«S> I B J 8 1/2% 1981148 words
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Article131 1977-01-15 6 5 1/2% 1/12/77 (1.000.000) (101 528 101.625) 5 1/2% 15/4/78 (1.000.000) (101.SOB 101.70S) 5 1/4% 15/7/78 (1,000,000) (101 358 101 455) 5 1/4% 15/7/78 (500.000) (101.358 101 465) 6 1/2% 15/8/78 (1.000.000) (103.258 103 455) 7 1/4% 15/4/86 (1.000.000) (100.408 100.50S) 7 1/4% 15/10/86 (1,000,000) (100.358 100.455)131 words
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Page 6 Advertisements
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Advertisement119 1977-01-15 6 lOttOOU START mm with mm pusiioitiohs mm swans omsm 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 Principles119 words
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Article485 1977-01-15 7 SHARES finished generally mixed in low volume trading at the Stock Exchange of Singapore yesterday. During the opening hour prices were taken higher on what was believed to be window dressing by some of the bigger speculators who had gone long in most of the485 words
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Article501 1977-01-15 7 TRADING turned erratic following the withdrawal of speculative support on a wide front at the Kuala Lumpur stock market yesterday. On balance, prices finished on a mixed note. In the majority of cases, price movements were narrow. Opening quotations were marked a shade higher In501 words
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Article139 1977-01-15 7 SINGAPORE UNIT TRUST (Mut|er«' prices for Ju 17) The Commerce 1.78 1.88 The Saving Fund 0.06 1.03 S pore Prof Fund 0.82 0.87 S pore Security Fund 1.31 1.38 Spore Invest Fund ..1.07 1.13 ASIAN UNIT TRUST (Managers' prices for Jan 17) Mai Invest Fund 1.71 1.82 Mai139 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1161 1977-01-15 7 NEW YORK: The stock market pulled out of a two-day tallspin and scored a fairly broad sain on Thursday. Oils, oil drilling and bank shares headed the parade or winners, in what analysts described as primarily a technical recovery from an oversold condition. "The market was oversold and1,161 words
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Article292 1977-01-15 7 AMSTERDAM: The market was firmer on balance despite the weak tone of Wall Street on Thursday. Dutch Internationals firmed strongly led by Royal Dutch which rose 2.40 guilders. Elsewhere KLM led transport* 3.50 higher although KNSM was an Isolated loser in the sector. Heineken Also firmed strongly closing 3.20292 words
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Article245 1977-01-15 7 FRANKFURT: Share prices were mostly steady In very quiet trading* on Thursday, dealers said. Leading bank, chemical, electrical and auto shares held around Wednesday's levels. In engineerings, GHH rose one mark and KHD two but BBC lost 2.50. Steels lost ground, with Manneunann losing 1.50. Stores were up to245 words
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Article459 1977-01-15 7 SYDNEY: Most sectors rose on late buying support on Friday, with bargain hunting Intensifying towards the close and oils, retailers and constructions leading the gains, dealers said. The Sydney All-Ordlnarles index rose 1.87 points to 447.61. Woodside-Bunnah gained four cents to A 51.28 In heavy trading and Ampol Ex459 words
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Article290 1977-01-15 7 ZURICH: The market closed mixed In moderately active trading on Thursday. Swissair Bearer advanced strongly on its 1976 profit margin rise and on Its possible dividend increase. Price changes In leading banks and flnanclals were generally limited, but both Oerlikon-Buehrle stocks met strong demand, though only the registered shares290 words
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Article372 1977-01-15 7 JOHANNESBURG: Gold shares were firmer In moderate trading on Thursday, reflecting higher bullion prices and renewed local interest, dealers said. Heavyweight gold shares rose between 50 and 75 cents while medium priced and speculative Issues gained around five to 20 cents. Financial minings followed producers but gains were generally372 words
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Article526 1977-01-15 7 TOKYO: Share prices continued to advance In fairly active trading on Friday extending yesterday's firm note and In line with Wall Street's rise, dealers said. The Dow Jones average gained 36.81 to close at 4,994.82 with volume 450 million shares. The New index close at 379 20 up 1526 words
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Article359 1977-01-15 7 PARIS: The market was steady on Thursday, helped by the quarter point fall In French call money and by Peugeot-Citroen'a announcement on Wednesday that It expects record results for 1976, dealers said. Peugeot-Citroen were six per cent higher on good demand. Most foods and eiectricals also firmed. Banks and359 words
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Article329 1977-01-15 7 TORONTO: Mines and oils led a broad advance as the composite Index climbed 8.1 points on Thursday, recouping all of Wednesday's sharp loss by the close of moderate trading. Advancing Issues outpaced losers by a five to three margin across the board Among the major changes. Banniiter Continental rose329 words
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Article379 1977-01-15 7 HONGKONO: The market closed mixed in quiet, featureless trading on Friday, after drifting lower from a higher opening in line with firmness on overseas markets, dealers said. The Hang Seng index rose 0.51 point to close at 438.49. Jardine Matheson gained 20 cents to $18.70 and Wbeelock Marden 2.5379 words
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Article83 1977-01-15 7 JAN M Bahts Asia Fibre 121 ♦3 Bangkok Bank 247 -2 Bangkok Invest. 154 •1 Bangkok-Metro-politan Bank Bata 309 +4 Beril Jucker 167 -2 Charoong Thai Wire 161 4-1 Dumex DusltThanl Faber Merlin First Trust Indo-Thal J And J Ho 186 +2 Jalaprathan Cement 88 4-1 Karnasuta 38S Lee83 words
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Article163 1977-01-15 7 MILAN: Fiat led the market moderately higher on Thursday In a renewal of Investor Interest following losses on the last three trading days, Bourse sources said. Most industrial and financial leaders gained. Pirelli SPA lost points in continuation of Its weaker trend following announcement of the company's plans for163 words
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Article172 1977-01-15 7 MANILA: Selling pressure continued across the board on Friday, with all averages declining on lower turnover, dealers said. Mining and commercial leaders led the losses, but oil leaders generally steadied. Gainers Included Meralco and Seafront but Atlas Coa A and B, BF Goodrich, Lepanto B and San Miguel A172 words
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Article164 1977-01-15 7 BRUSSELS: Shares closed mixed to mostly higher on Thursday In regular trading volume with few new (actors, Bourse sources said. Sofina, FN and UCB rose while Aaturienne, Wagons-Liu and Arbed fell. In foreign stocks UK and Dutch were higher, Germans steady and most US stocks rose slightly despite the164 words
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Article63 1977-01-15 7 FINANCIAL TIMES INDUSTRIALS Thursday 383.3 Wednesday 357.6 Week Ago 367.8 DOW JONES AVERAGE INDUSTRIALS Thursday 976.15 Wednesday 066.25 Week Ago 978.8# LONDON DOLLAR PREMIUM Thursday 115% to 116% Wednesday 115% to 116%% H k HANG SENG Thursday 437.98 Wednesday 433.78 Week ago 441.58 SYDNEY INDUSTRIALS Thursday 365.86 Wednesday 362.2563 words
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Article43 1977-01-15 7 WASHINGTON, Frl. The Treasury Department said It will auction US$2.5O billion two-year notes on Jan 19 to raise new cash. Coupon and price for the issue will be decided at auction. The notes will be available in minimum denominations of $5,000.43 words
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Page 7 Advertisements
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Advertisement95 1977-01-15 7 CFPIIRF 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 of Administrative95 words
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COMMODITY REPORTS AND PRICES
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Article628 1977-01-15 8 OPENING quotations In the Singapore rubber market yesterday were marked up by one cent, following higher overseas advices and thereafter, prices advanced further with February first traded at 208.25 cents. A mild setback set In at mid-session on some profittaking, but the market later turned up, on fresh628 words
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Article94 1977-01-15 8 DAILY SSR and SMR prices at nooi n yesterday: Fab. M tar. R.A.9. (Correal Mtfc) (Forward Mtk) Buy* rs Sellers Buyers Sellers itspsrkg) (eeati perk®) SSR 20 (1-ton Pallet) 191.50 192.506 192.50 193.506 SSR SO (1-ton Pallet) 189.00 190.00N 190.00 191 00N MRELB 3MR5CV (1-ton Pallet) 229.SO94 words
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Article169 1977-01-15 8 THE Straits tin price In Penang yesterday was up $83.00 to $1,400.00 on an official offering up 11 tonnes to 237 tonnes. In LONDON yesterday, tin scored gains in the midday closing around £92 per tonne for Cash and £74 for Three Months In both contracts. Three Months169 words
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Article31 1977-01-15 8 Rubber: Jan 14 Since oore: Feb. 207.50 cts (up 1.50 cts.) Malaysia: Feb. 212.25 cts (up 1.25 cts) Tin: $1,400.00 (up $63.00) Official offering: 237 tonnes (up 11 tonnes)31 words
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Article86 1977-01-15 8 LONDON, Frl. Lead eased by £2.75 per tonne for Cash and about £2.50 for Three Months. Further fresh buying Sroduced Three Months usiness in the pre-market at the new high of 335 per tonne but subsequent profit-taking resulted In ring dealings back to £331.50. Renewed buying interest, however, steadied86 words
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Article66 1977-01-15 8 LONDON, Frl. Zinc was about £0.25 down for Cash and £2 lower for Three Months. Forward hedge selling, took Three Months down to £415 In the ring although renewed buying interest subsequently lifted the kerb to £417.50. Sales were 1,725 tonnes. On Thursday afternoon, zinc was up by £266 words
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Article113 1977-01-15 8 THE following Palm Oil price* were quoted in London on Thursday. The prices are elf Rotterdam and are quoted in U8 dollar per ton unless otherwise stated. TfcorWay Pre*. Malaysia 9% ffa bulk Mch/Apl unch 460 sir Sumatra 5* Dec unch 437.90 sir jan unch 473.90 atr Feb113 words
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Article281 1977-01-15 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk US sellers, old drum $90 sellers, new drum *03 sellers. Copra: Mixed (loose) UK/Cont. 153 buyers. Pepp<*: Muntok ASTA white f.o.b. 100% NLW *347* sellers. Sarawak white fob 98% NLW *330 sellers. Sarawak special black281 words
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Article340 1977-01-15 8 IN the Singapore gold market yesterday, the kllobar was quoted In the range of 3510,475 to $10,500, with no interest or demand in evidence. Attention was drawn to the loco London gold which opened at U*****.50/ 132.00 and eased at the close to $131.40/ 131.80 on selling from overseas340 words
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Article225 1977-01-15 8 LONDON, Frl. Copper wlreb&rs finished showing losses of mostly £4.50 per tonne. The market continued to lack fresh incentives and small-scale ring trading was mostly conducted around Thursday's late lower kerb levels. Dealers felt some underlying support stemmed from this week's projected stocks figure, which although anticipated higher, is225 words
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Article141 1977-01-15 8 LONDON, Frl. Silver softened by 0.2 to 0.8 pence per troy ounce. The absence of fresh incentives coupled with lower gold were subduing Influences, dealers said. Trade Interest remained at a low level with only 19 lots changing hands. The market, nowever, ruled steady at the slightly lower levels141 words
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Article211 1977-01-15 8 LONDON, Fri. Coffee futures opened firm with values by end-call £30 to £44 per tonne up from Thursday nights close. Trading was somewhat quieter with volume totalling 447 lots. Most positions, however, ended the call slightly below opening highs. May gained £44 at £2,757 traded after a high of211 words
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Article402 1977-01-15 8 IN continuation of last week's recovery the market recorded a rise at one time of up to 8% cents per kilo, but finished the period under review with an overall gain of five cents per kilo, reports Holiday, Cutler, Bath and Co. Turnover was much402 words
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MONEY AND EXCHANGES
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Article532 1977-01-15 8 THE Singapore forex market yesterday saw mild rallies in the sterling rate despite thin trading condition. Steadily crawling upwards in the morning with reported buying Interest from some Hongkong-based banks from the opening level of U551.7090, it stayed firm at 81.7120 when the London market opened. Against the Singapore532 words
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Article173 1977-01-15 8 Asian rates ASIAN currency deposit interbank rates as at close on Jan 14. U8 Dollar* (Spot) Offer Bid 7 days 4 15/1# 4 13/16 1 mths 5 7/16 5 5/16 2 mUis 5 3/8 5 1/4 3 mths 5 3/8 5 1/2 6 mths 5 3/4 5 5/8 9 mths173 words
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Article53 1977-01-15 8 RANGE on price* offered by dls count houses on Jan 14 Overnight 11* to 3%* Call deposit 2 to 3*% Buy •iac Sellu* 3-Month Treasury bills 3 1/8 s 3-Month Bank bills 4 3/16 4 1/1* 3-Months CD t 1/2 4 3/8 6-Month 4 3/4 4 5/1 1—1«:53 words
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Article55 1977-01-15 8 RESULTS of Treasury bills tender held on Jan. 14 for 91-day Treasury bills to be Issued from Jan 17 to 21. Offered: 130 million Applied for: 573.500.000 Alloted: $30 million Accepted bids: $99.24 approximately 92 per cent; higher bids In full. Average rate of discount on allotment55 words
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Article103 1977-01-15 8 Euro rates LONDON. Frl. Period Eurodollar deposits opened slightly higher and extended Initial gains In a few Sosltlons, dealers said, horts were steady. Most periods were marked 1/16 higher initially reflecting latest US money supply data which showed a big Increase. Trading generally was In line with customary quiet Friday103 words
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Article274 1977-01-15 8 LONDON, Frl. The dollar made further gains in quiet trading against continental currencies while sterling opened firm, dealers said. Latest US money supply data showing a substantial increase in the major aggregates has brought some expectations that the Federal Reserve may act to firm the Fed funds' rate in274 words
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Article179 1977-01-15 8 NEW YORK, Thurs. The dollar closed stronger amid expectations that US short term Interest rates will rise and general optimism over the US economy, dealers said. The mark fell to 41.86/88 cents from 42.02/04 overnight, the Swiss franc slipped to 40.25/27 from 40.37/39 and the guilder fell to179 words
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Article172 1977-01-15 8 TOKYO, Frl. The dollar for overnight delivery closed lower at 292.15 yen compared with 292.60 at the opening and 292.45 at Thursday's close, reflecting a growing view among traders that the yen will appreciate, dealers said. An initial rise on covering of import settlement needs for early next week172 words
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Article120 1977-01-15 8 HONGKONG, FYI. The US dollar was quoted at HK $4,693/60 in late trading, firmer than Thursday's late $4.6830/70, hut below Friday morning's highs approaching the $4.70 level, dealers said. The US unit opened firmer In line with its trend overseas, But drifted lower late In the day in quiet120 words
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Article59 1977-01-15 8 Minimum lending rates (in ACBC 6V« First Chicago ....6* Algemene Bank 6* Citibank 6*. Bangkok Bank .7* HSBC 7 Bank or America e*. Indosuez 8* Bank of China .7 Malayan Banking 6* Bank of Tokyo Mitsui Bank 6%. Bank Negara OCBC Indonesia .1% OUB fl* Chartered Bank UCB 7 159 words
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Article51 1977-01-15 8 AUSTRALIA/NZ exchanges quoted on Jan 14 Australia: Sterling 0.6377/ 0.6307 US dollar 1.0875/ 1.0827 Ninety-day air mail buying rates: Sterling 0.6680 US dollars 1.1133 Ninety-day forward buying rates: Sterling 0.6567 US dollars 1.0932 New Zealand: Sterling 0.5560/ 0.5530 US dollar 0.9563/ 0.9463 Ninety-day forward rate: Sterling 0.5948 US dollar51 words
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Article38 1977-01-15 8 ZURICH exchanges quoted on Jan 13 US 2.4847-4857 UK 4.2495-2530 Can 2.4660-4685 W Orm 103.91-104.00 Neth 99.10-23 France 49.87-91 Belg 6.74-1/4-75-1/4 Denm 41.95-98 Norw 47.00-04 Swed 58.83-89 Italy 0.2831-2834 Austria 14.62-64 Port 3.62-62-1/2 Arg 0.85-1.00 Japan 0.84-3/4-85-1/438 words
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Article32 1977-01-15 8 FRANKFURT exchanges opening quotes on Jan 14 US 2.3923/38 Can 2.3755/75 UK 4.090/105 Neth 95.35/50 Switz 95.97/96.12 Italy 2.725/740 France 47.95/48.10 Norw 45.18/28 Belg com 6.490/510 Belg fin 6.48/50 Japan 0.8175/820032 words
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Article295 1977-01-15 8 LONDON, Frl. Eurobonds were generally steady to slightly firmer In moderate turnover, dealers said. US dollar issues were around 1/4 j>olnt higher where changed, with most Interest centred on the newer Issues, dealers added. Guilder bonds were quiet and a touch easier where changed, reflecting falls on domestic295 words
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Article189 1977-01-15 8 LONDON, Frl. Futures terminal held In a compaopened steady with trade ratlvely narrow range durand commission house buy- Ing the afternoon with Ing being met by trade sell- dealers awaiting news from Ing and profit-taking, the Dominican Republic Prices were £1.55 higher to where the authorities are unchanged from189 words
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Article79 1977-01-15 8 CHICAGO, Thurs. Wheat futures closed 2* to four cents a bushel lower. Easiness in soybean and corn futures encouraged speculative selling and liquidation which pushed prices lower after Initial firmness. Increased farmer selling overnight added fuel to negative sentiments. Ear- ly support was prompted by the recent pick-up in79 words
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Article121 1977-01-15 8 CHICAGO, Thurs. Soybean futures closed seven cents a bushel lower to 6-tt cents higher, losing in old crop months while gaining in new crop. Prices eased at the opening on liquidation and speculative selling prompted by increased farmer selling overnight. Unwinding of long nearby/short deferred spreads put additional pressure121 words
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Article212 1977-01-15 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 288 100 par cent 2nd 273 100 per cent 288 S per cent ISO 10 per cent 230 15 per cent 238 20 per212 words
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Advertisement161 1977-01-15 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Hmes BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding Hawaii)161 words
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TRANSPORT AND COMMUNICATION
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Article, Illustration796 1977-01-15 9 Washington Star WASHINGTON, Frl. Liberian and Panamanian tankers responsible for nine of the accidents In or near United States waters in the last month are really safer than their American counterparts, a Department of Transportation report savs. The public perception thatWashington Star - 796 words
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Article121 1977-01-15 9 Reuter TAIPEH, Frl. Six Taiwan shipping lines plan to build a fleet of bulk carriers with a total deadweight capacity of one million tonnes in the next five years, the Central News Agency (CNA) reported, quoting shipping sources. It said the extra capacity was neededReuter - 121 words
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342 1977-01-15 9 AP WASHINGTON, Frl. Four American-based companies authorised by the Federal Communications Commission on Tuesday to provide improved data communications services to overseas points. The FCC said the proposals It approved were in response to a fastgrowing need for overseas data communications services thatAP - 342 words
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Article, Illustration409 1977-01-15 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Teratal (1800 after Neptune) (HAS CLASS I CARGO ON BOARD) 38/39 Long Wind (3ESV) (0600 after Kyotoku Maru) 19 Perak (0630 after Perils) 21 West Rajah Brooke (2100) 20 West Satsuky (HPYZ) (2100 after Yelene Stasova) 18 Shoko Maru (P/O PSA) (Tanker)409 words
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Article216 1977-01-15 9 AP LONDON, Frl. North Atlantic grain trades showed a slightly firmer tone In quite brisk fixing yesterday, but there was little likelihood of any marked Increased for some time due to the large surplus of available tonnage In the area. US Oulf grain shippers conceded the 10-centsAP - 216 words
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459 1977-01-15 9 Financial Times LONDON, Fri. British Leyland suffered another serious setback In the British car market last month as Imports soared to an alltime high of 46 per cent. The figures, which show Ford recapturing market leadership, underline the deep disruptionFinancial Times - 459 words
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Article616 1977-01-15 9 ARRIVALS DEPARTURES Service Operator Number Local Time From Service Operator Number Local Time For CAL CI333 0040 TPE/HKO/KUL MAS MH682 0610 KCH JAL JL712 1000 HLP CAL CI814 1000 HLP SIA SQ211 1010 HLP OIA GA980 1030 HLP CPA CX710 1030 HLP THAI T0423 1035 BKK OIA616 words
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Page 9 Advertisements
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Advertisement106 1977-01-15 9 A wealth of answers to scientific phenomena LIFE SCIENCE > IJMtAItV 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 the106 words
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Article, Illustration1695 1977-01-15 10 BUSINESS TIMES REPORTERS IN MALAYSIA LOOK AT THE FUNCTIONS OF THE FOREIGN INVESTMENT COMMITTEE AND THE CAPITAL ISSUES COMMITTEE CLAIM and counterclaim over the controversial question of the merger of the "three sisters" plantation companies has thrust again to the fore the role of1,695 words
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Article, Illustration1053 1977-01-15 10 NORRIS WILLATT - Swiss watchmakers are in a multiple squeeze. A poorer world is buying fewer of their expensive products. And at the same time there are more competitors like Russia and Japan at the cheaper end of the business and at the top end the AmericansFinancial Times - 1,053 words
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Article, Illustration1008 1977-01-15 10 METIN MUNIR REPORTS ON PROBLEMS OF ISTANBUL Financial Times IN THE scramble to attract the nearly 400 multinational companies which moved out of Beirut, the one-time financial centre of the Middle East, In Lebanon's civil' war, Istanbul got nothing. In a secret document, presented both to Turkey'sFinancial Times - 1,008 words
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Page 10 Advertisements
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Advertisement186 1977-01-15 10 mm m rti MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The186 words
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294 1977-01-15 11 Reuter LONDON, Frl. BriUsh workers will disrupt communications and Impede and harass trade with South Africa, as their contribution to an International protest against apartheid, union leaders said yesterday. The action will be taken by more than two million workers In the postal, seamen's,Reuter - 294 words
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245 1977-01-15 11 AP TOKYO, Frl. Japan is seeking to reduce by twothirds the fishing fees the United States plans to collect from foreign vessels in its 320 km fishing zone, government officials said today. A Foreign Ministry spokesman said a government request to thatAP - 245 words
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Article121 1977-01-15 11 AP TAIPEI, Fri. The Nationalist Chinese Government has set the economic growth rate at 8.5 per cent for 1977, the second year of a six-year economic construction programme, the government announced today. Taiwan's per capita Income is expected to reach US$B9B (552,200) in the current year, itAP - 121 words
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Article114 1977-01-15 11 UPI SYDNEY. Fri. A record U*****.44 million (S$ 1,502 million) poured into Australia during December in the wake of the 17 Vi per cent devaluation of the Australian dollar last Nov. 29, Reserve Bank sources said yesterday. The cash Inflow is more than double theUPI - 114 words
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Article100 1977-01-15 11 Reuter LONDON, Frl. Amid noisy and bitter wrangling over procedure, the British House of Commons last night started its marathon detailed discussion of plans for limiting home rule for Scotland and Wales. Thirty days have been set aside in the House of Commons for clause byReuter - 100 words
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Article107 1977-01-15 11 THE Port of Singapore Authority (PSA) Training Department has Included in its 1977 schedule two courses, "Helmsman Course" and "Steersman Course", Intended to enhance the knowledge and skill of local seafarers. The first course is designed for seafarers who wish to receive preparatory training for the107 words
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516 1977-01-15 11 OVER 500,000 TONNES ALREADY IN Reuter LONDON, Frl. Full confirmation of recent sugar sales from origin and by International traders to China Is sUll lacking, but trade sources here are generally lifting their ideas of the volume sold In recent weeks to well over halfReuter - 516 words
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Article286 1977-01-15 11 Reuter NEW YORK, Frt. The Philippines is currently holding talks with operators on the sale of substantial quantities of raw sugar, world sugar market sources said. The negotiations are being held on neutral territory in Tokyo with at least two large operators. Although details ofReuter - 286 words
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594 1977-01-15 11 UPI HONGKONG. Frl. Foreign trade officials have forecast an Increase in China's export of oil and minerals to improve the country's sluggish trade picture. The forecast came In a lengthy article accusing the purged "Gang of Four" of undermining trade policy last year.UPI - 594 words
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369 1977-01-15 11 SINGAPORE is probably the best market for Spanish sherry in Asia outside Japan. Mr. John Harvey, a descendant of the man who founded and named the world's largest selling sherry (Harvey's Bristol Cream), said that last year Harvey's shipped about 3,000 cases of sherry369 words
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707 1977-01-15 11 AP MANILA, Fri. The Philippines is prepared to sever military ties with the United States if studies under way show it to be in the national interest, even at the risk of losing future economic aid from Washington, says Foreign Secretary Carlos Romulo.AP - 707 words
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120 1977-01-15 11 Reuter WASHINGTON, Frl. Agriculture Secretarydesignate Bob Bergland yesterday pledged to oppose grain export embargoes, except as a last resort when crop disasters threaten the security of the United States. He said embargoes lmr>sed by the Nixon and ord administrations seemed to have been promptedReuter - 120 words
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Article28 1977-01-15 11 Reuter HONGKONG, Frl. Chinese Foreign Trade Minister Li Chiang left Peking yesterday on a friendly visit to Yugoslavia and Rumania, the New China News Agency reported.Reuter - 28 words
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215 1977-01-15 11 SINGAPORE'S image u tourist shopping centre and aa a major regional diatributton centre for gooda ha* not only remained intact through the years, according to trade figures, but has even shown remarkable growth, especially considering the strong competition suppoeedly presented by Hongkong. Singapore imported215 words
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97 1977-01-15 11 KUALA LUMPUR, Fri. Petronas and the Continental Oil Company of Malaysia (Conoco) are currently carrying out negotiations on production-sharing covering a continental shelf off Pahang, the Malaysian Senate was told today. The Minister without Portfolio In the Prime Minister's Department, Tan Sri Chong Hon97 words
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Article88 1977-01-15 11 THE Singapore Institute of Standards Industrial Research (SISIR), will conduct a course on Ultrasonic Testing of Materials from Feb 21 to March 5, with emphasis on weld Inspection and practical work. It will deal with materials testing in general, Including ultrasonic thickness gauging and examination of welds,88 words
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Article63 1977-01-15 11 ONE of the two largest Chinese dailies in Singapore has taken out a suit in the Admiralty Court against a Russian vessel. The admiralty action in rem is being taken against "the owners and all other persons Interested in the motor vessel Vladimir Mayakovskiy." The petition was63 words
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Article, Illustration182 1977-01-15 11 AP NEW DELHI. Fri. Laos President Souphanouvong (above) has received a pledge from the Indian Government for increased economic assistance to help reconstruct his country. After arriving yesterday for an eight-day state visit, the Laotian President met Prime Minister Indira Gandhi for 90 minutesAP - 182 words
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Article72 1977-01-15 11 UPI SEOUL, Fri. Construction started today to Increase the capacity of a blooming and slading mill at South Korea's largest steel mill from 1.85 million tonnes to 4.65 million tonnes a year by 1979. The project is part of expansion work now under way to Increase theUPI - 72 words
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283 1977-01-15 11 UPI ROTTERDAM, Frl. Dutch police yesterday described the attempt by a young Briton to ransom stolen Imperial Chemical Industries (ICI) computer tapes for £250,000 (551.05 million) as possibly setting a world crime precedent. Rotterdam Police Commissioner Jan Blaauw told a news conference theUPI - 283 words
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Article203 1977-01-15 11 UPI MANILA, Fri. A 17member delegation from the Islamic Conference and the Moro National Liberation Front is scheduled to arrive tomorrow to supervise the ceasefire between rebel Muslims and government forces in the Southern Philippines. The Philippine Department of Defense said today the delegation willUPI - 203 words
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Article173 1977-01-15 11 UPI LONDON, Fri. The Times newspaper reappeared today after a one-day interruption caused by a dispute over alleged labour union censorship of the press through "sabotage" and "industrial action." The Friday edition carried the original article to which two print workers unions objected inUPI - 173 words
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Page 11 Advertisements
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Advertisement245 1977-01-15 11 APPOINTMENTS SIEMENS COMPONENTS PTE. LTD. Siemens Components Private Limited, a Subsidiary of Siemens AG of West Germany, invites applications from suitably qualified Singaporeans for the post of i H bH; (for Electronic Circuit Dstifn) QUALIFICATIONS: Possess a degree in Electronic Engineering or equivalent qualification. EXPERIENCE: Two to Three years of245 words
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Advertisement342 1977-01-15 11 INTER SALES COORDINATOR Industry leader with licensed business worldwide seeks multi-talented man. It's an opportunity that will not repeat Itself. The man qualified for this position Is at least bilingual. He Is mature. Flexible. Has a success background In selling In person, by mall and by phone. He Is a342 words
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Article111 1977-01-15 12 Reuter JAKARTA, Frl. A summit meeting of leaders of the Association of South-east Asian Nations has been postponed for some months, Informed sources said today. The meeting, originally planned to coincide with the first anniversary of the first summit held In Bail last February, willReuter - 111 words
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Article119 1977-01-15 12 MR. Cho Jock Kim has transferred 250,000 shares of Far Eastern Holdings Ltd, which were formerly held in his name, to Asia Commercial Banking Nominees Ltd. Asia Commerlcal has applied to the High Court for a formal offer to have Its name substituted In place119 words
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Article107 1977-01-15 12 THE High Court yesterday released a Pertamlna chartered tanker, the Permina 1017, that has been held under arrest since Oct 14 last year. The vessel, the subject of an admiralty suit brought against the Indonesian state-owned oil company by a Liberlan company, Rasu Marltlma, will however not be107 words
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Article737 1977-01-15 12 LONDON, Frl. Government bonds continued active In moderate turnover and ended narrowly mixed, prior to the announcement of the new long 'tap' Issue. Equities ended mixed and dealers noted end-account profit-taking. At 3 p.m., the Financial Times index was unchanged at 363.3. Yesterday's over-subscribed Exchequer 1981 stock traded737 words
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255 1977-01-15 12 FIVE jack-up rici arc under construction at Robin Shipyard for Robray Drilling Services, also part of the Robin group. The rigs use the same basic design as the oil rigs that Robin Shipyard recently completed building for China. The 'China' rigs, both launched already,255 words
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Article174 1977-01-15 12 AP DUBAI, Frl. Sheikh Rashld Ben s*ld AlMaktoum, the rul*r of Dubai, has established a giant Investment company In the United Arab Emirates, a company spokeman said yesterday. The Dubai Government has taken a 30 per cent share In the company, which has a capitalAP - 174 words
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Article100 1977-01-15 12 Reuter JAKARTA, Frl. Indonesia's exports of coffee from Lampong, south Sumatra, rose to 40,916 tonnes worth U5557.2 million (Ssl4o million) in the first 10 months of last year from 37,989 tonnes worth $26.3 million In the same 1975 period, a Trade Ministry spokesman said. Resin exports fromReuter - 100 words
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636 1977-01-15 12 WATCHDOG BODY TO BE SET UP KUALA LUMPUR. Frl. Tengku Razalelgh Hamzah said last night that an inspectorate under the director-general of Insurance is to be established to ensure the proper management of Insurance companies. It will be headed by an experienced accountant,636 words
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497 1977-01-15 12 UPI TOKYO, Frl. Mr. Kenzo Kono. president of Japan's Upper House of Parliament, left Peking for Iran today after expressing the belief that Japan can make a breakthrough In peace treaty talks with China, Kyodo News Service reported today. Kyodo said Mr KonoUPI - 497 words
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354 1977-01-15 12 UPI JAKARTA, Frl. Chinese leaders have stated their preparedness to normalise relations with Indonesia if this country would take steps In that direction, visiting Prime Minister Michael Somare of Papua New Guinea said yesterday. Mr. Somare, who Is scheduled to leave Jakarta for centralUPI - 354 words
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Article189 1977-01-15 12 UPI CAIRO, Frl. The prosecutor-general ordered the arrest yesterday of Abdel Meguld Mahmoud, a former board chairman of Egyptalr, and accused him of "deliberately harming the national economy" by contracting to buy four Boeing airliners at an exorbitant interest rate. Officials said Mahmoud was briefly detainedUPI - 189 words
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Article95 1977-01-15 12 THE Inland Revenue Department has announced that all property taxpayers who opted to pay their property tax through the POSB OIRO service last year will have the appropriate deductions made effective this month. Those who now opt for the service will have the deductions effective95 words
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390 1977-01-15 12 Reuter CANBERRA, Frl The Australian Government tonight announced tough new economic measures In an attempt to control Inflation and follow up last year's devaluation of the Australian dollar. After an eight-hour Cabinet meeting here tonight, the Treasurer, Mr. Phillip Lynch, Issued a statement saying theReuter - 390 words
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Article122 1977-01-15 12 AP TOKYO, Frl. Mrs. Chen Mu-hua has been named China's Minister of Economic Relations with Foreign Countries, the Hslnhua News Agency reported today. Hsinhua made the disclosure in a report listing her among government ministers attending a meeting In Peking with a goodwill delegation fromAP - 122 words
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262 1977-01-15 12 KUALA LUMPUR, Fri. The import duty on fresh oranges, tangerines and mandarins will be halved from tomorrow until Feb. 28. Finance Minister Tengku Razaleich Hannah, who announced this today, said the import duty on these fruits would he lowered from M6O cents per half262 words
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Article51 1977-01-15 12 CATHAY Pacific Airways will start a new flight service connecting Penang, Hongkong, Singapore and Bangkok on April 2 to meet the Increased demand for regional travel. The BVi hour thrice weekly flights from Hongkong will touch down in Bangkok, Penang and before returning to. Hongkong the next51 words
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Article228 1977-01-15 12 World famine not for some time AP LONDON. Frl. The International Wheat Council yesterday assessed 1976 world wheat production at a record 411.5 million tonnes. This Is two million tonnes more than Its estimate last December, an increase of 59.4 million tonnes over 1975 production and of 40.5 million overAP - 228 words
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369 1977-01-15 12 KANGAR, Frl. Malaysia and Thailand launched today a massive combined operation against the communist terrorists along their common border. The operation codenamed "Doayao Musnah" involved thousands of troops from both countries. Malaysia sent troops equivalent to a brigade In strength supported by armour,369 words
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Article81 1977-01-15 12 Reuter MANILA, Ftl. Henkel and CIE GMBH of West Germany plans to use the Philippines as Its principal source of coconut oil, the Department of Trade said. It said Henkel officials had informed the department the company was shifting to coconut oil from petrochemicals for useReuter - 81 words
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269 1977-01-15 12 KUALA LUMPUR, FYI. The Malaysian Government today announced a total ban on the export of large logs with Immediate effect. Announcing this, Primary Industries Minister Datuk Musa Hltam said the ban on logs of 40-cm diameter and above would be temporary, and269 words
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Article257 1977-01-15 12 THERE will be continuing demand for wood products and skilled woodworkers of all kinds In 1977, especially with housing projects and town re-development programmes being planned requiring building, renovating and furnishing. This optimistic note was sounded by Mr. Ahmad Mattar, chairman of the Industrial Training257 words
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Article133 1977-01-15 12 THE Singapore Branch of the Bank of Montreal and First Chicago Asia Merchant Bank are currently finalising plans to put together a US$5O million (*****.5 million) syndicated loan for the Development Bank of the Philippines. The loan, for a seven year period, will be pitched at133 words
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Advertisement396 1977-01-15 12 ROBIN SHIPYARD PTE. LIMITED Our Shipyard in Singapore specialises in tugs, supply vessels, barges and shallow water tankers as well as sophisticated Robray-300 Jack-up Rigs for deep sea drilling. Following tugs and supply vessels are under construction and are for quick sale at low prices and early delivery: 450 HP396 words
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