The Business Times, 18 January 1977

Microfilm: NL8986
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, JANUARY 18, 1977 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Beirut banks re-open
      46 1 Reuter BEIRUT, Mon. Banks operating In Lebanon formally reopened today after being closed for about 10 months because of fighting In the country. The bankers association decided to reopen after the Lebanese Central Bank promised to provide liquidity facilities. Reuter. see PAGE u
      Reuter  -  46 words
    • Article
      Lock icon Spain strikes record
      51 1 UPI MADRID, Mon. Spain was hit by the biggest wave of strikes In nearly 40 years last year, according to figures published today by the government-controlled trade union organisation, which said 3.6 million workers out of a labour force of 13 million were Involved in the walkouts.
      UPI  -  51 words
    • Article
      Only 10 are sure
      50 1 KUALA LUMPUR, Mon. Only 10 out of 45 foreign insurers in Malaysia have submitted their applications for incorporation locally, said Deputy Finance Minister, Mr. Richard Ho today. He urged foreign companies to delay restructuring their local operations and instead speed up domestic Incorporation of their companies.
      50 words
    • Article
      Lock icon Hanoi blast
      30 1 Reuter HANOI Radio monitored In Singapore today made a bitter attack on the current combined military operations by Malaysia and Thailand against communist guerillas along their common border.
      Reuter  -  30 words
    • Article
      Lock icon Longest gas pipeline
      39 1 AP TEHERAN, Mon. Construction will begin this spring on the world's longest natural gas pipeline to carry gas from Iran through the Soviet Union to West Germany, France, Austria, and Czechoslovakia, It was announced today. AP.
      AP  -  39 words
    • Article
      Lock icon Fraser invites Fukuda
      26 1 UPI TOKYO, Mon. Australian Prime Minister Malcolm Fraser has invited Japanese Prime Minister Takeo Fukuda to visit Australia, Japanese sources reported today. UPI.
      UPI  -  26 words
    • Article
      1,000 picket hospital
      28 1 PETALING JAYA, Mon. Some 1,000 workers of the University Hospital here began picketing today In protest against the alleged delay In several of their claims.
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    • Article
      Lock icon Sorensen declines
      28 1 Reuter WASHINGTON, Mon. Mr. Theodore Sorensen said today he was asking President-elect Jimmy Carter to withdraw his nomination as head of the Central Intelligence Agency. Reuter.
      Reuter  -  28 words
    • Article
      Lock icon Lucky Mobutu
      34 1 Reuter BRUSSELS, Mon. President Mobutu Sese Seko of Zaire today escaped an apparent assassination attempt when Belgian police pounced on an armed African In a crowd welcoming him at Brussels airport. Reuter.
      Reuter  -  34 words
    • Article
      Flour price down
      54 1 THE price of wheat flour In Singapore was cut yesterday by $1.50 per 22.5 kilo bag of flour which will now sell at $12.70. As a result, the price of an 800g loaf of bread Is expected to be reduced by four cents, If the bakers pass
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  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      204 1 SHARE prices ended lower in moderate trading at the Stock Exchange of Singapore yesterday. Straits Trading stood out with a 35 cent jump to $5.65 on the back of the continuing strong rise in the price of the metal. Tin counters too were firm. The Business Times
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    • Article
      In Kuala Lumpur
      121 1 Rises Most active D. Keramat Keramat Tongkah Hart) 8. Trading Aokam A. Hltam Tin Rahman Hyd. Petallng 9 6.10 +.50 9 2.90 +.32 9 1 80 +.30 9 5.70 +.20 9 2 90 +.20 911.60 +.20 9 3.16 +.20 9 4.50 +.16 K.L. Kepong 150,000 Slme Darby
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  • Article
    Gold exchange gets ready for whistle
    977 1  -  MARCH/APRIL TARGET DATE ■y AHTHONY ROWLEY SINGAPORE'S proposed Eld dealing exchange the st of a series of formal commodity markets planned here may be In operation within two or three months, Business Times learned yesterday. "We have mentally pencilled in the end of March
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  • Article
    Most hotels here use high-grade coffee
    217 1 MOST of the coffee used In the coffee houses of leading Singapore hotels Is imported from Indonesia and Germany. Indonesian coffee Is generally of the lowergrade type while that from Germany 4s of a higher grade. But 'German' coffee Is actually Imported from Brazil,
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  • Article
    Lock icon STRAITS TIN UP
    65 1 Reuter KUALA LUMPUR, Moa. The Straits tid price in Penang rose MJI4 per picul to $1399, $74 above the International Tin Agreement ceiling, dealers said. Buying support remained strong from Japan. Turn- over fell to 245 tonnes from Saturday's 266 tonnes. Some dealers said the S appeared
    Reuter  -  65 words
  • Article
    Mobil to spend $17m on four growth projects
    659 1 Mobil to spend $17m on four growth proj ects MOBIL Oil Singapore is spending another $17 million in four expansion protects, bringing its total investment nere to about $227 million. The projects are: Construction of a $4 million blending plant for lubrication oils. The plant, expected to be completed by
    659 words
  • Article
    200 banks invited
    408 1 FIFTY financial Institution* in the Far East have been Invited to participate In one of the largest syndicated loans ever arranged for a Korean borrower. Invitational telexes were sent yesterday to banks and other financial companies In Singapore, Malaysia, Hongkong, Tokyo and Seoul stating the terms for
    408 words
  • Article
    Stretching it?
    121 1 O EN EVA, Mon. A price stabilisation agreement concluded in Jakarta last November by the world's leading natural rubber producers could be the for a wider accord with the participation also of consumer countries. Mr. Oamanl Corea, secretary-general of the UN Conference on Trade and Development (Unctad), said
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  • Article, Illustration
    Lock icon GOVERNORS URGED TO LEAD BANKS IN REGIONAL TIES
    195 1 Reuter PENANG, Mob. Malay■iaa Finance Minister Tengku Razaleigh Hannah (above) today toid governor* of central bank* la Southeast Asia to continue to give leadership to private banks in regional co-operation. Speaking at the 12th conference of the governors of central banks in
    Reuter  -  195 words
  • Article
    Lock icon Rhodesia talks off?
    39 1 UPI LONDON, Mon. Britain is considering abandoning for the time being its abortive Rhodesia peace shuttle, the Foreign Office said today. The government may recall Ivor Richard. British chairman of the deadlocked Geneva peace conference. UPI.
    UPI  -  39 words
  • Article
    Defence: No prima facie case of dishonesty
    518 1 LONDON, Mon. The prosecution has made out no prima facie case of fraud or dishonesty against Jim Slater and two of the charges against him were misconceived in law. Slater's chief counsel John Matthew, submitted In a London magistrate's court today at the
    518 words
  • Article
    Chung Khiaw sues
    110 1 CHUNG Khiaw Bank yesterday filed a writ of summons in the High Court for $5,580,833.90 which is alleged to be due and owing by two defendants, Peninsula Development Pte Ltd and Lim Hong Cheong alias Liem Hong TJlong alias Lam Tal San. Peninsula Development is closely related
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      Page 1 Advertisements Column 1
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      Page 1 Advertisements Column 2
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      3 1 SEE PAGE 3
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    • Advertisement
      Page 1 Advertisements Column 4
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  • OVERSEAS
    • Article
      Lock icon Ford asks for a bigger budget and more tax cuts
      595 2 Reuter WASHINGTON, Mon. President Ford today sent Congress a budget calling for government spending of US$44O billion (551,078 billion) during 1978 an Increase of seven per cent from the current year. But In his budget, Mr. Ford said the Federal
      Reuter  -  595 words
    • Article
      Lock icon Seoul gets ready for joint oil hunt
      218 2 Reuter SEOUL, Mon. Commerce and Industry Minister Chang Yle-Joon told a press conference preparations are under way for Joint oil exploration with Japan on the continental shelf between the two countries, probably late this year. Mr. Chang said he expects Japanese Prime Minister
      Reuter  -  218 words
    • Article
      Lock icon Wine lovers won't drink to Daoud's release
      124 2 UPI BOSTON, Mon. A group I of Boston area wine lovers have started a boycott j against French wines In response to that country's release of suspected Palestinian terrorist Mr. Abu Daoud. Spokesman, Mr. Steven i Cohen said the estimated 24 protesters, who
      UPI  -  124 words
    • Article
      Lock icon Proposals likely to be revised by Carter
      243 2 AP WASHINGTON Mas. President-elect Carter will •r«p«H kit ektipi la President Ford's budget, possibly Including rejection of about f» billion (8522 billion) in spending eats n Carter nide calls siUjr, not serious stuff." Many at the Presidentelect's propoenls are likely to win favour
      AP  -  243 words
    • Article
      Lock icon Plea to Congress for drought aid
      149 2 AP WASHINGTON, Mon. President Ford today asked Congress to provide US$l5O million (SS3OB million) over a two-year period to "Improve the long-term economic prospects' r in the drought-stricken Sahel area of Africa. In one of the two specific countries or areas mentioned In the
      AP  -  149 words
    • Article, Illustration
      Lock icon 'West and oil nations heading for war'
      412 2 UPI NEW YORK. Mon. The Bhah of Iran told Newsweek he believes that war between lndustrallsed nations and the oil producing nations Is inevitable by the turn of the century unless the West becomes "more responsible" to the needs of Third World countries.
      UPI  -  412 words
    • Article
      Lock icon Bonn rules out direct credit for Italy
      323 2 UPI BONN. Mon. West German officials rule out the possibility of a direct credit to Italy as Premier Glullo Andreottl arrives here today In search of loans for its troubled economy. Officials say Chancellor Helmut Schmidt is eager to discuss economic problems with
      UPI  -  323 words
    • Article
      Lock icon Western rules could wreck Saudi plan
      358 2 UPI NEW YORK. Mon. ImBort regulations In the nited States and the larger European nations may determine whether Saudi Arabia's dramatic effort to hold down Opec's world oil S rices is a success or failure, etroleum Intelligence Weekly reported today. International oil experts warned
      UPI  -  358 words
    • Article
      Lock icon Stand-in for Nato post
      80 2 UPI OSLO, Mon. Norwegian Lt.-Gen. John Ryg will act as Commander-in-Chief of Nato forces In Northern Europe until a successor to General Sir John Sharp is appointed, a spokesman for Nato's northern headquarters said yesterday. Gen. Sharp, 59. died of a brain haemorrhage in Oslo on
      UPI  -  80 words
    • Article
      Lock icon OPEC AND AMERICA — WHICH NEEDS THE OTHER MORE?
      1306 2 OPEC AND AMERICA WHICH NEEDS THE OTHER MORE? AP WASHINGTON: Key members of Opec the Organisation of Petroleum Exporting Countries lean heavily on Americans to buy their oil, sell them arms, train their troops, teach their technicians and open lush Investment havens for their millions. And all this although the
      AP  -  1,306 words
    • Article
      Lock icon LONDON VENUE FOR THIRD SUMMIT?
      148 2 Reuter NEW YORK. Mon. Diploma U in the United State* believe a third economic summit of Western nations will be held in London rather than Tokyo, according to the US magazine Newsweek. The magazine said in its latest issue that Tokyo was the scheduled site
      Reuter  -  148 words
    • Article
      Lock icon Iran pays firm $18.4 mil to build weapons system
      244 3 UPI WASHINGTON, Mon. Bermuda-based consulting firm has been paid USST.7 million (5518.4 million) by the Iranian Air Force to assist development of a weapons system for which the US Air Force already had been retained as project manager, according to the
      UPI  -  244 words
    • Article
      Lock icon Israeli £ devalued
      49 3 Israeli devalued Reuter JERUSALEM, Mon. The Israeli Government announced a two per cent devaluation of the Israeli pound. Its new rate against a five currency basket comprising the US dollar, sterling, the German mark, the French franc and the Dutch guilder, will be 9.07 Instead of the present 8.90.
      Reuter  -  49 words
    • Article
      Lock icon Experts call for 450,000-tonne rubber stockpile
      816 3 GENEVA, Monday Reuter RUBBER producing and consuming countries opened a week-long meeting here this morning to discuss the creation of a 450,000tonne rubber stockpile, as the centrepiece of an International rubber agreement. The meeting is being held under the auspices of the UN Conference
      Reuter  -  816 words
    • Article
      Such a figure would be ideal — Malaysia
      225 3 Such a figure would be ideal Malaysia KUALA LUMPUR, Mon. A natural rubber stockpile size of 450,000 tonnes Is the ideal amount to operate an International buffer stock effectively, Malaysian officials said here today. Only such a stock, representing about two months of total world natural rubber production, would be
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    • Article
      Lock icon Voluntary plan to control US wages and prices
      290 3 Ap WASHINGTON. Moo. The Carter administration is preparing o voluntary plan to try to control wagm and prioM. according to economist Mr. Charles Schultze, Proaidont-oloct Carter's choice for chairman of the Council of Economic Adviaora. Mr. Schultae said the plan will not
      Ap  -  290 words
    • Article
      Lock icon Miki's trip
      40 3 Reuter TOKYO, Mon. Former Japanese Prime Minister Takeo Mlkl will visit the United States and Europe for about one month from late in March, his secretary said today. Details of the visit have yet to be fixed. Reuter.
      Reuter  -  40 words
    • Article, Illustration
      Lock icon LYNCH OPPOSES MOVES TO CUT JAPAN'S CURRENT ACCOUNT SURPLUS
      665 3 Reuter TOKYO, Man. Australian Treasurer Philip Lynch said Australia does not support moves to force countries like Japan, which normally run current account surpluses, to adjust their policies to move to a balanced or a deficit position. "If Japan is to
      Reuter  -  665 words
    • Article
      Lock icon Barre: No plans to reflate economy
      146 3 AP PARIS, Mon. The French Government will take no overall action to reflate the French economy this year, but will aid reflation of Individual sectors, Premier Raymond Barre said in an interview published yesterday. Mr. Barre, who also holds the economic portfolio, said that
      AP  -  146 words
    • Article
      Lock icon FESTIVAL OF ARTS
      59 3 UPI LA COS, Mon. President Idi Amin of Uganda and President Jean Boka«sa of the Central African Republic were among those due to arrive yesterdav for the second World Black African Festival of Arts and Culture (FESTAC). The United States, Ethiopia, Brazil, Swaziland and Nigeria wtrc among
      UPI  -  59 words
    • Article
      Lock icon US saving banks' deposits
      85 3 Reuter NEW YORK, Mon. US mutual savings banks had a net deposit Inflow of US$35O million in December 1978, according to preliminary data reported by the National Association of Mutual Savings Banks. The near record increase for the month brought the Industry total Inflow for 1976
      Reuter  -  85 words
    • Article
      Lock icon Comecon to meet in Havana
      117 3 Reuter HAVANA, Mon. The executive commltte of Comecon, the east bloc economic grouping, will meet here tomorrow for talks on Cuban industrial development and prospects for the island's further economic Integration Into the communist camp. Cuban Vice-President Carlos Rafael Rodriguez has disclosed that the talks
      Reuter  -  117 words
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      328 2 WEATHER report for 24 hours prior to 7.30 p.m. on Jan 17 at Singapore airport: Maximum temperature 30.8° C Associated humidity 62 Minimum temperature 21.9° C Associated humidity 92 Hours of sunshine 7.15 Rainfall in millimetres Trace Total rainfall for the month 58.4 Total rainy days for the month 7
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      Page 3 Advertisements Column 1
      169 3 'llil Di I Jill; i I j -v -> ~K\ r m ■y. w> m£ *,v r >* r-.^ <•' a vv IS > .;>: iMd ac ri r $8* ,v' v n. >- <• H Every Tuesday and SaturdayJhe only non-stop service. Now you can fly one of Air
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  • COMPANY NEWS
    • Article
      DIVIDENDS ANNOUNCED
      249 4 Current payment Ex DaU Date payable TaUlfcr the year Total for previous yoar Lien Hoe 8%+ Dec 29 Jan IS 82*+ 16* g 35% Dec 21 Jan 18 50* 120* Temerloh 3.5* Jan 4 Jan 21. 3.5*+ 15* K.T.Piu 6*+ Jan 5 Jan 21 6*+ 33* Pahang on.
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    • Article
      UCI stake reflects US group's policy
      375 4 CONTINENTAL Corporation'! Investment in the new Malaysian insurance company, United Continental Insurance, which waa officially opened yesterday, is in line with the US group's philosophy of supporting rather than challenging overseas insurance "The Continental prefers a low profile with solid local partners," says Mr.
      375 words
    • Article
      No valuation report, insists Worldwide
      707 4 WORLDWIDE Holdings still maintains that It did not receive any valuation report of its investment in Overseas United International from the Florida subsidiary Itself. Replying to a Kuala Lumpur Stock Exchange query, the company says that the only valuation report was the one done by
      707 words
    • Article
      PEOPLE IN BUSINESS
      101 4 ENCIK Abdul Manas bin Othman has been appointed chairman of Malaysia Building Society with effect from Jan 1. The company also announced the appointment of Encik Ahmad bin Abdul Rahim as a director effective Dec 16, 1976. Mr. Michael Low Koon Chuan has resigned as general manager
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    • LATEST RESULTS
      • Article
        FABER MERLIN MALAYSIA –
        61 4 FABER MERLIN MALAYSIA Consolidated pre-tax profit M 56.21 million (15.93 million) for the year ended June 30, 1976. Operating pre-tax profit $5.66 million ($4.53 million) and share of profit of associated company $556,634 ($1.40 million^ Tax $5.12 million ($2.12 million), extraordinary item $380,704 (nil) and minority Interest $374,913 ($99,948) leaving
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    • Article
      Hypak deal in final stages
      241 4 HYPAK, an associate company of Hytex, is In the process of completing negotiations with an interested party, whose identity has yet to be disclosed, to take over Its operations. This was disclosed by Hytex In a replv to the Stock Exchange of Singapore recently. Hytex's
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    • COMPANY MEETINGS
    • Article
      Lock icon NYC proposes new plan for repayment of short-term notes
      857 4 NYT NEW YORK, Mon. New York City's banks have received a new proposal from city officials for the repayment of nearly US$l billion In short-term notes, which calls for an Immediate offering of $300 million In Municipal Assistance Corp bonds, and
      NYT  -  857 words
    • Article
      Lock icon Slowdown for Philips
      118 4 Reuter EINDHOVEN, Mon. The Dutch unit of Philips which accounts for around ten per cent of the concern's total sales, expects the rise In sales volume to slow down to only six per cent this year from between eight and nine per cent In 1976, the unit's
      Reuter  -  118 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      160 4 The magazine for you the Advertiser Do you want to reach This is Mei, lote twenties, smart, chic and dete mined just like the magazine she reads, World. She spends her money on cars, st and "diamonds for investment" she's driving a little white BMW, she tells us works in
      160 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon ANZ plans rights issue
      207 5 Reuter MELBOURNE, Mon. ANZ Group Holdings said it plans to raise its Issued capital to As 72 million from $60 million through a one-for-flve rights issue of $1 nominal shares at $2.75 a share. Directors also told the annual meeting the company plans to Increase the
      Reuter  -  207 words
    • Article
      Lock icon Northern Cement's new contract
      123 5 Reuter MANILA. Mon. Northern Cement Corp President Eduardo Cojuango said the company is negotiating a contract with Jibsen Trading of Hongkong for the sale of 150,000 tonnes of cement worth US$4.5 million. In an interview with the Times Journal, he said the new contract would replace
      Reuter  -  123 words
    • Article
      Lock icon EGO OFFERS NOTES
      85 5 Reuter LONDON, Mon. EnsoGutzeit Osakeyhtio, paper and forest products manufacturer 52 per cent owned by the Republic of Finland, announced it intends offering notes to the nominal value of US$3O million guaranteed by the Republic, due Feb 15 1984. Terms will be fixed immediately before the offering,
      Reuter  -  85 words
    • Article
      Earnings rise for IBM
      266 5 NEW YORK, Mon On sales of U554.52 billion ($4.07 billion), International Business Machines has achieved net earnings of $674 million ($588.64 million) or $4.47 ($3.94) for the fourth quarter. The company also reported that net 1976 earnings rose to $2.40 billion from $1.99 billion or to
      266 words
    • Article
      Kubota ups prices
      79 5 OSAKA Mon-Kubota said it plans to raise by at least five per cent prices of all its agricultural machines including tractors and combines from this June. Vice-president Mr. Glnzo Mlyaji also told Reuters Kubota plans to boost Its tractor exports this year to 25,000 units from last
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    • Briefly
      • Article
        MacMillan Bloedel
        69 5 PARIS, Mon.— MacMillan Bloedel of Canada Is offering US$5O mUlion of 8-3/4 per cent 15 years deben tures, primary bond market sources said. Lead manager for the issue is Morgan Stanley International. The debentures will be priced on Jan 24, and will have an average life of 12
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      • Article
        NIV
        24 5 AMSTERDAM, Mon:_ The Nederlandse Investeringsbank Voorhontwlkkellngslanden 100 million guilder 8 l/4per cent 15-year loan at par was heavily oversubscribed, Algemene Bank Nederland said.
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      • Article
        BNP
        65 5 PARIS, Mon. Banque Nationale De Paris said it raised its six-year floating rate note issue to US$7O million from $60 million following good demand. The notes were put on offer on Tuesday at par. and carry a rate one-quarter point over the average bidoffered price for six-month Eurodollars with
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      • Article
        SET trading
        68 5 BANGKOK. Mon.. The Securities Exchange of Thailand (SET) said securities trading has been active since the beginning of the year, with daily turnover exceeding 10 million baht. in a press statement, it attributed the increased activity to high market liquidity and good dividend expectations, as well as an
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      • Article
        SNEA seeks US$50m loan
        98 5 MUNICH, Mon STE Natlonale Elf Aqultalne (SNEA) is raising a US$5O million Euro loan, Initially fixed for five years at one fer cent above London nterbank offered rates, Bayerlsche Vereinsbank said. The bank, whose Luxembourg subsidiary Bayerlsche Vereinsbank International is managing the issue, said SNEA can
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      • Article
        Aluminium Bahrain
        75 5 LONDON, Mon J. Aluminium Bahrain. ALBA, the smelting company established in 1971 and government controlled since June 1975, plans a US$3O million seven-year syndicated Euromarket credit facility, lead manager Orion Bank said. The loan guaranteed by the Bahrain Government, will carry interest at rates of 1-1/4 point over
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      • Article
        OK
        63 5 MUNICH, Mon. The Vienna-based Oesterreichlsche Kontrollbank Is making a 50 million mark seven-year 6-3/4 per cent private placement at 99-1/4 per cent an official at managers Bayerlsche VereinsDank said. The change in terms from original market expectations of a seven per cent coupon priced at around 100-1/2 per cent
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      • Article
        Gabon
        43 5 NEW YORK. Mon. Gabon is holding talks with US banks about borrowing and is apparently seeking a US$5O million to $150 million Euroloan, bankers close to the loan talks said. The loan is for power dam and port financing, the bankers said.
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      • Article
        VW's Rabbit
        86 5 DETROIT, Mon. Volkswagen of America unveiled its dlesel powered version of its Rabbit model. The firm said the dlesel engine version will cost no more than US$ 300 above the prices now charged for the petrol-englned version Rabbit. VW is the first firm to offer a dlesel engine
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      • Article
        SDR
        29 5 BASLE. Mon. The 80 million franc 5-1/2 per cent 15 year loan floated at 99 per cent by Socletes de Development Regional was heavily over-subscribed, Schwelzerischer Bankverein said.
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    • Article
      Lock icon First National Finance reports loss
      199 5 Reuter LONDON, Mon. First National Finance has reported a group pre-tax loss after provisions of £32.11 million for the year ended Oct 31, 1976. This compares with a similar loss of £83.23 million in the previous 10 months. Tax credit amounted to £352,000 (£2.5 million)
      Reuter  -  199 words
    • Article
      Lock icon Frenchmen still regard US as the promised land
      1042 5 NYT NEW YORK, Mon. The promised land, in the eyes of foreign Investors, is the United States, with Its vast resources, its relatively low inflation, and its reassuring devotion to capitalism. These days, it seems, few find the American promise as bright
      NYT  -  1,042 words
    • Article
      Lock icon Good conditions to continue
      356 5 Reuter ZURICH, Mon. Schwelzerlsche Bankgese Use haft said the factors which led to record Issue volume on the Eurobond market over the past two years should broadly continue in 1977. State institutions and enterprises will, as before, continue to have strong capital needs, but private enterprise
      Reuter  -  356 words
    • Article
      Lock icon Kaiser expects improvement
      244 5 Reuter OAKLAND. Calif Mon. Kaiser Aluminium and Chemical Corp, which reported a drop In 1976 net to US$2.l4 a share from $4.78, said It expects to produce greater profitability In 1977. The company said the drop In 1976 net reflected writedowns and writeoffs to eliminate or re-organlse
      Reuter  -  244 words
    • Article
      Lock icon Akzo head sees good recovery this year
      122 5 Reuter ARNHEM, Mon. Akzo hopes to make a profit this year, executive board vicepresident Sleb Bakkenlst told newsmen after a meeting with the unions. This meeting was In advance of further discussions with them on January 20 on earlier announced streamlining measures for
      Reuter  -  122 words
    • Article
      Lock icon Alcoa earnings will double
      168 5 Reuter PITTSBURGH, Mon. Aluminium Co of America, in response to an inquiry, said It expects 1976 year earnings to more than double over year ago depressed levels. In 1975. Alcoa reported a net Income of US$l.B5 a share compared with $5.18 share In 1974. The company
      Reuter  -  168 words
    • Article
      Lock icon China Light
      53 5 Reuter HONGKONG, Mon. China Light and Power has declared a first Interim dividend of HK 20 cents (25) for the year ending September 30, payable on March 15 to shareholders registered on February 12. The dividend is payable on capital Increased by a five for 11 bonus Issue
      Reuter  -  53 words
    • Article
      Lock icon Bad news for investors
      528 5 BANK OF VIRGINIA NYT NEW YORK. Mon. The Bank of Virginia gave investors some bad news last Friday telling them It had set aside an additional US$B.2 million in reserves for foreclosed properties and its stock reacted accordingly. The shares did not trade until last Friday
      NYT  -  528 words
    • Article
      Kirin Brewery
      160 5 TOKYO, Mon. Kirin Brewery said It expects to report a 40 per cent rise In profit for the year ending January 31. 1977. to 13.5 billion yen from 9.66 billion. The company, which announced an unchanged dividend, a stock dividend and a bonus issue yesterday. forecast sales will
      160 words
    • Article
      Lock icon Salaries for new company heads will rise sharply
      910 5 NYT NEW YORK, Mon. The price tag for new company presidents and chief executive officers Is going to Jump in 1977. The demand is strong because many recession-scarred companies now sensing greater stability In the economy, want to build a strong top
      NYT  -  910 words
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      Page 5 Advertisements Column 1
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      239 5 SECURE a BRIGHTER FUTURE in ACCOUNTANCY with FOULKS LYNCH Founded over a century ago, Foulks Lynch the specialists in accountancy education have tutored over 150,000 students around the world to success in the various accounting examinations. You too can be one of them. Now FOULKS LYNCH courses for the following
      239 words
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  • Article
    Share Information Service
    2094 6 ins/n High Low Company Last Bale +«rGr'i div Div c'rr Gr's Net y'M P/E Vol Day ('900) H«h Low SECTION ONE INDUSTRIALS 175* 206 100 237 186 402 204 248 460 137 133 172 60 185 66 254 149 172 388 39 Acma Alcorn Allied Choc Bata
    2,094 words
  • Article
    Transactions in Singapore
    1180 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 Setlement Contracts are quoted after the word "Sett." Big Board
    1,180 words
  • Article
    In Kuala Lumpur
    1299 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 A*ma (1.428 1.448), XD. A. Tap* (0.478) AJln*m*t* (I 928 2
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  • Article
    External currency bonds
    147 6 B O T 8 1/2% 1981 (100,000) (103*B 103SS) D B 8 8 1/2% 1982 (IM.OM) (99*8 IM*S) DBS Converts 6 1/2% 1991 (100,000) (978 988) E I B 9% 1982 (IM.OM) (103WB IMS) E I B 8 1/4% 1983 (IM.OM) (IM*B IM*S) I B J 8
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  • Article
    Domestic govt bonds
    119 6 5 1/2% 1/12/77 (1,000,000) (101.528 101.625) 5 1/2% 15/4/78 (1,000,000) (101 70S) 5 1/4% 15/7/78 (1,000,000) (101.358 101.455) 6 1/2% 15/8/78 (1,000.000) (103.258 103.458) 7% 1/7/79 (1.0M.0M) (1M.83B) 5 1/4% 15/10/79 (1.000.000) (IM.MB 10C.905) 6 3/4% 15/C/80 (1,000.000) (102.958 103.055) 6 3/4% 1/12/80 (1,000.000) (102.958) 5% T
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  • Article
    Unit trusts
    150 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' price* for Jan 18) (Current prices) The Commerce 1.78 1.88 INCOME BOND 1.09 1.15 The Saving Fund 0 98 1.03 S'pore Prof Fund S'pore Security Fund S'pore Invest Fund 0 82 O.OT 1.31 1 38 MARA BUMIPUTRA FUND 1.07 1.13 (Managers
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  • Article
    Shares end lower
    640 7 PRICES *tn generally marked down bi moderate trading at the Stock Exchange of Singapore yeeterday. Profit-taking, noted last Friday, wae extended. Right from the openinc bell seller* •Cain dominated the eoene while buyers adopted a lowkey poeture. On balance loeeee were recorded acroea a wide front. In
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  • Article
    Trading in KL centres on tins
    516 7 TIN shares burst Into the limelight yesterday In a generally dull and easier Kuala Lumpur stock market. The usually quiet tin sector attracted fairly heavy buying interest to push prices substantially higher. Demand In this section was largely fueled by the higher prices of
    516 words
  • OVERSEAS MARKETS
    • Article
      Tokyo
      508 7 TOKYO: The market cloeed lower In fairly active trading on Monday, on profit-taking prompted by fears among operators that margin trading curbs might be tightened, dealers said The Dow Jones average fell 11.61 to 4,983.01 with volume 140 million shares, the New Index was 377.99, down 1.21. Share prices
      508 words
    • Article
      Hongkong
      361 7 HONOKONO: The market drifted lower on lack of Interest in quiet trading on Monday, with operators awaiting a lead from overseas markets, dealers **The Hang Seng Index fell 1.96 points to close at 436.54. Heagkoag Land and Jardfaw Mathos— fell 10 cents each to 17.00 and 916-60 respectively, while
      361 words
    • Article
      Sydney
      397 7 SYDNEY: The market «u mixed, In quiet trading on Monday, with control capital inflow and the statutory reserve deposit call-up curbing buying Interest, dealers said. The Sydney All-Ordlnarles fell 0.29 points to 447.61. Among miners, selected oils and coppers again firmed, with Saates rising five cents to All .95,
      397 words
    • Article
      Manila
      129 7 MANILA: Prices fell further on reduced turnover on Monday, with 17 issues declining, 11 rising and 20 unchanged, dealers said. As slight dip In metal prices and operating problems on two drill sites Induced market caution, they added. JAN 17 Peaoi Acoje Mining A tin Con A Atlas Con
      129 words
    • Article
      Bangkok
      85 7 JAN 17 BahU Asia Fibre IS* ♦J Bangkok Bank 240 ♦2 Bangkok Invest. 152 •2 Bangkok-Metro-politan Bank Bata *7 -J Berll Jucker 145 -2 Charoong Thai Wire 1M -9 Dumex Dvult Thanl Faber Merlin rirstTTviat Irvdo-Thal J And J Ho irr +1 Jalaprathan Cement IT -1 Karnaiuta X8 unch
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  • Article
    Lock icon Paul Y Con. raises interim dividend
    140 7 Reuter HONGKONG, Mon. Paul Y Construction has raised the Interim dividend to 5.5 HK cents from five cents for the year ending March 31, 1976. The dividend Is payable on Feb 28 on the capital Increased by last year's one-for-ten scrip issue. The company
    Reuter  -  140 words
  • Article
    Lock icon Japanese bonds
    88 7 Reuter TOKYO, Mon. Japanese securities companies have sold to the public all of the 100 billion yen of five-year discount bonds floated by the Finance Ministry on Jan 4, the Underwriters Association said. The bonds would have been sold out much earlier but for an instruction from the
    Reuter  -  88 words
  • Article
    Honda sales in UK
    60 7 TOKYO. Mon. Honda Motor said It hopes to at least maintain car sales in Britain this year at last year's 15,000 units. Its wholly-owned sales firm, Honda (UK) raised retail prices of the Honda Civic model In the British market by between five and seven per
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  • Article
    Matsushita higher
    54 7 OSAKA, Mon. Nonconsolidated after-tax Eroflt of Matsushita Electric id us trial rose to 41.32 billion yen from 32.80 billion Jen for the year ended Nov 0, 1976. The profit Jump was achieved on a turnover rise to 1,311 billion yen from 1,066 billion yen. Matsushita Is maintaining the
    54 words
  • Article
    Lock icon 'Internalisation' —Wall Street awaits SEC decision
    1195 7 NYT NEW YORK, Mon. The newest buzz word on Wall Street Is "internallsatlon" with brokers, specialists, block traders ana stock exchange officials either looking forward to or concerned about Its Implications. Indications are that the Securities and Exchange Commission may reach a decision on
    NYT  -  1,195 words
  • Article
    Lock icon US credit market turns nervous and uncertain
    581 7 NYT NEW YORK Mon. The credit markets last year made their strongest gain since the depression. So far this year, they have declined day after day In dramatic reversal that has left fixed income analysts and traders without definite conviction about the outlook
    NYT  -  581 words
  • Article
    Lock icon Future of Helaba
    97 7 Reuter BONN, Mon. A 13-man working group set up by the West German Savings Bank and Giro Association, will meet here today to discuss the future of Hesslsche Landesbank Glrozentrale (Helaba), an association spokesman said. The aim will be to find ways of improving the business prospects
    Reuter  -  97 words
  • Article
    Lock icon Darts' the way to invest
    471 7 NYT NEW YORK. Mon. The random walk approach to investing whereby one buys stocks according to darts thrown at the stock table is being used by a computer programming company to challenge a current investing vogue index Investing. In index Investing, money is put to
    NYT  -  471 words
  • Article
    Lock icon US brokers seek help to enter foreign market
    258 7 Reuter WASHINGTON, Mon. r Securities Industry officials [J have called for stronger aca tlon by the US Government to help American brokers enter foreign markets. The officials made their suggestion at the end of a conference on industry ls- sues, sponsored by
    Reuter  -  258 words
  • Page 7 Advertisements
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      346 7 Yes, Penguin books are not to be found in any ordinary shop. N Qt n roa d" s c 'e stalls. Heavens, certainly not in the i P asar ma lam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, J entertaining in a wholesome way, highly educational
      346 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Rubber market
      619 8 OPENING quotations In the Singapore rubber market yesterday were marked a shade higher despite easier London advices. Thereafter, prices advanced on buying interest following reports of a proposed 450,000 tonnes stockpile by UNCTAD, dealers said. February was traded at a high of 210.00 cents beforeproflt-takingpared the gain slightly
      619 words
    • Article
      SSR and SMR
      119 8 DAILY SSR and SMR prices at noon yesterday Fsfc. Mar. R.A.S. (Curmt Mth) (Forward Mlhl Buyers Sellers Buyers Sellers (e« its per kf) (cenUperkg) SSR 20 (1-ton Pallet) 192 50 193 50N 193.50 194 50N SSR 50 (1-ton Pallet) 190.00 191. OON 191 00 192 OON MR
      119 words
    • Article
      Straits tin
      174 8 THE Straits tin price In Penang yesterday was up $14.00 to $1,399.00 on an official offering down 21 tonnes to 245 tonnes. In LONDON yesterday, tin advanced by around £107 per tonne for Cash and £70 for Three Months In both contracts at the morning close. The movement
      174 words
    • Article
      Closing prices
      26 8 Rubber: Ju 17 Singapore: Feb. 299 M cU Feb. 214.2S eta. a 2.99 eta) $1,399.00 (op $14.99) Official offering: 245 tonnes (down 21 tonnes)
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    • Article
      Gold
      175 8 IN the Singapore gold market yesterday, quiet and featureless conditions Brevalled with the kllobar elng priced between 5510,460 to $10,440. On the loco London basis, the market opened at US$l3l.lO/ 131.60 and drifted lower to close at $130.75/ 131.25. The London morning fixing was US$l3l.OO down $0.45 from the
      175 words
    • Article
      Lead
      88 8 LONDON, Mon. Lead advanced by £11 per tonne all round. The market continued to push into new high ground on a mixture of fresh, chartist and stoploss buying which took Three Months up to £344 per tonne. Aiding the general sentiment was some UK /Conti- nental physical business together
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    • Article
      Zinc
      57 8 LONDON, Mon. Zinc rose by fully £7 per tonne for Cash and £8.50 for Three Months. Fresh buying and some stoploss operations were encouraged by the trend In lead, and Three Months traded up to £426 per tonne before scattered hedge selling and profit-taking developed and restrained any further
      57 words
    • Article
      Produce prices
      117 8 CHINESE PRODUCE EXCHANOE. SINGAPORE NOON CLOSINO PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk MS sellers, old drum ISO sellers, new drum SM sellers Copra Mixed (loose) UK/Cont <53 buyers. Pepper: Muntok AST A white lob 100% NLW S3S2W sellers, Sarawak white f ob MS NLW 1331 sellers. Sarawak
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    • Article
      Silver
      69 8 LONDON, Mon. Silver finished 2.3 per troy ounce higher to unchanged. Three Months edged up throughout the early part of the session under modest buying encouraged by the trend in base metals, dealers said. The market appeared to Ignore the lower gold price but the bullion dealers' fix restrained
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    • Article
      Copper
      104 8 LONDON, Mon. Copper wire bars gained fully £6.50 per tonne for Cash and £8 for Three Months. Dealers said the market worked higher on moderate covering induced by the general sentiment In other base metals. Three Months traded from a pre-market low of £832 per tonne up to a
      104 words
    • Article
      Coffee
      163 8 LONDON, Mon. Robusta futures ended the opening call easy, with Spot Jan £10 higher and other positions up to £25 per tonne lower compared to Friday's close. 228 lots were traded. May ended the session £17 lower at £2,775 having traded between a high of £2,800 and a low
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    • Article
      Sugar
      86 8 LONDON, Mon. Futures opened officially easier although prices were between £9 higher to £1.10 lower than Friday's levels after being £15 up at one stage. Sales were 1,024 lots. Dealers said the announcement In Manila by Mrs. I meld a Marcos that the Philippines will sell 500,000 tonnes of
      86 words
    • Article
      Rice
      222 8 BANGKOK, Mon. Indicative prices for rice quoted In Bangkok yesterday were: US dollars per tonne fob basis Bangkok White Rice: 100 per cent Ist class 283 100 per cent 2nd class 273 100 per cent 3rd class 268 5 per cent 260 10 per cent 239 15 per cent
      222 words
    • Article
      CFTC looks into futures problems
      199 8 NEW YORK, Mon. The vice chairman of the Commodity Futures Trading Commission (CFCTC), Mr. John Rain bolt, said he is working with a small group at the Commission over the next year to try and resolve the problems of the interests of foreign governments In
      199 words
    • Article
      Rice pact with Thais
      187 8 KUALA LUMPUR, Mon Malaysia has entered Into a $25 million contract to buy 54,000 tonnes of rice from Thailand during the first half of this year. Under the contract, Thailand will start delivery of the rice from next month. The contract is believed to have been
      187 words
    • Article
      Coffee price spiral has early origins
      758 8 NEW YORK, Mon Coffee lovers who are gagging on today's unprecedented prices may soon look back to these days nostalgically. At least there's no problem in getting the coffee. In the future, say the experts, the "luxury" commodity may become scarce Indeed. The coffee
      758 words
    • Article
      Drop in copra
      44 8 MANILA, Mon. Philippine copra exports fell to 57,674 tonnes In December from 63,334 In November, compared with 112,572 In December 1975, Philippine Coconut Authority statistics showed. This brought total copra exports for 1976 to 353,329 tonnes compared with 819,460 In 1975.
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  • MONEY AND EXCHANGES
    • Article
      Singapore
      520 8 SINGAPORE'S domestic money market yesterday saw a clear display of flush conditions, with overnight rates slipping and term rates easing generally. Starting at the 3 Vt per cent level, overnight money was given till It bottomed out at per cent before staging a late recovery during post clearing hours
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    • Article
      London
      295 8 LONDON, Mon. The dollar extended last week's gain against continental currencies while sterling opened- very firm, although trading was initially at a very low level, dealers said. The dollar moved up to 2.3990/ 4000 marks from Friday's close of 2.3940/50 as the market continued Its readjustment In line with
      295 words
    • Article
      Australia/NZ
      53 8 AUSTRALIA /NZ exchanges quoted on Jan 17 Australia: Sterling 0.6372 /0.6302 US dollar 1.0873 /1.0825 Nlnetv-day air mall buying rates: Sterling 0.6672 US dollar 1.1131 Ninety-day forward buying rates: Sterling 0.6561 US dollars 1.0931 New Zealand: Sterling 0.5558 /0.5525 US dollar 0 9555 /0.9455 Ninety-day forward rate: Sterling 0.5946
      53 words
    • Article
      Asian $ rates
      157 8 Asian rates ASIAN currency depoait interbank rate* u at cloae on Jan 17 US Delia OflW 7 day* 1 mth 2 mth* 3 mth* mth* mth* 12 mth* 4 7/1 5 S 1/8 9 1/4 5 11/16 8 7/1 sw.rw. 4 3/4 4 7/6 5 S 1/S S 9/16 S
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    • Article
      Discount market
      50 8 Source: National Discount Co. RANGE of prices offered by discount houses on Jan 17 Overnlfht 1'* to Call deposit 2N to Clttlsi 3-Month B«yiaa 3 1/8 MMM Treasury bills 3 3-Month Banks bills 4 1/18 via 3-Month CD 4 1/1 4 3/8 6-Month CD 4 3/4 4 5/8
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    • Article
      Minimum lending rates (in %)
      60 8 Minimum lending rates (in ACBC 6*. Alcemene Bank 6% Bangkok Bank ..7* Bank of America 6* Bank of China ..7 Bank of Tokyo e*» Bank Negara Indonesia 7 1 First Chicago 6* Citibank 6* HSBC 7 Indosuez Malayan Banking 8* Mitsui Bank 6* OCBC 6* OUB 0%« Chartered Bank Chase
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    • Article
      Hongkong
      136 8 HONGKONG, Mon. The US dollar eased back in quiet afternoon trading to around Friday's late HK54.6930/60, after a firmer morning session, dealers said. The US unit was boosted to the $4.7050/80 level at one time in the morning, following its firmer trend overseas and some commercial demand, but fell
      136 words
    • Article
      Tokyo
      140 8 TOKYO, Mon. The US dollar for overnight delivery closed lower at 291.85 yen compared with 292 yen at the opening and 292.15 yen at last Friday's close. Banks were generally reserved in buying dollars, despite a fairly high level of Import settlement needs and slow selling of dollar export
      140 words
    • Article
      Euro $ rates
      170 8 Euro rates LONDON, Mon. Eurodollar deposit trading was Initially with shorts and near periods tending slightly softer from opening steady levels and longer positions unchanged, dealers said. Rates were little changed In the early fairly quiet conditions but funds tended to come In the middle of quoted ranges. The loss
      170 words
    • Article
      Reserves on the rise
      91 8 FRANKFURT, Mon. West Germany's net monetary reserves rose 400 million marks to 86.2 billion in the week ended Jan 7, the Bundesbank said. Net currency reserves rose 500 million marks to 74.0 billion while non-currency reserves were practically unchanged at 11.8 billion, the Bundesbank said. The
      91 words
    • Article
      Frankfurt
      43 8 FRANKFURT exchanges closing quotes on Jan 17 US 2.3930/40 Can 2.36/40 UK 4.100/115 Neth 95.32/ 5 SwiT. 96 00 10 Ital" 2.71/ V Fra kv 48.0 1/10 Jap -r. 3/15 Bel s com 6 49/50 Bek iin 6 <.1/42 Noi 45.20 25
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    • Article
      Eurobond prices
      287 8 LONDON Mon. Eurobonds traJed lUt.e changed in generally quiet conditions, dealers said. US do iar issues were occasion.illy fractionally higher changed but dealers reported little interest. Guilder and mark bonds were also both steady and quiet. Among convertibles, Japanese bonds were slightly easier, In little activity while US
      287 words
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      111 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding Hawaii)
      111 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article, Illustration
      Lock icon ASIAN AIRLINES BEGIN TO FLEX THEIR MUSCLES
      1095 9  -  By MICHAEL DONNE Financial Times AT CHANGI, on the eastern end of Singapore Island, work Is being pushed ahead on a new airport costing over £300 million and due for completion by the early 1980s. It will be capable of handling over 20
      Financial Times  -  1,095 words
    • Article, Illustration
      IN PORT
      369 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Blue Moon (Car Carrier) (1500 after Eastern Sea) 48 Green Lotus (0700) 27/28 Hungheverett (0400) 18 King Tower (0600 after Sumber Tunas IV) 22 Kota Gajah (0700 29/30 LCM H-14 (0800 after Long Wind) (Req. Ramp) 19 Maren Maersk (hauls 31m West after
      369 words
    • Article
      Lock icon 'Smokey' cars: Japan to decide
      274 9 Reuter TOKYO, Mon. The Ja£anese Cabinet will decide !fore the end of this month whether to temporarily exclude cars imported from the European Economic Community (EEC) from stringent emission control regulations, Mr. Horst Krenzler, head of the Far East division of the EEC's External Relations
      Reuter  -  274 words
    • Article
      Lock icon Thousands in US made jobless by colour TV imports
      545 9 Reuter. NEW YORK, Mon. A slinky blonde in a low-cut gown appear* on the screen and announces that her hair is brown, her skin is tan and her dress is brilliant red. To the growing numbers of Americans sitting in front
      Reuter.  -  545 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      622 9 ARRIVALS Service Local Operator Number Time Proa CAL TMA MAS CI331 TL303B MH682 0040 0215 0610 TPE/HKO/KUL BEY/DXB/ BCN/KUL KCH JAL SIA JL712 SQ211 ■w mm ■TTT^H OIA 1030 OIA GA908 1100 MES SAS SK971 1130 CPH/BKK RBA BI325 1155 BWN SIA SIA MAS OIA OIA MAS
      622 words
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      Page 9 Advertisements Column 1
      93 9 A wealth of answers to scientific phenomena LIFE SCIENCE IJItKAKY jA 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
      93 words
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  • Article, Illustration
    Lock icon IRAN'S DEMANDS FOR BARTER
    1860 10  -  By ROBERT GRAHAM, RICHARD JOHNS Financial Times MR. JAMSHID AMOUZEOAR the chief Iranian i delegate who normally 1 epitomises cool urbanity, 1 looked uncharacteristically < grim at the end of last < month's Organisation of i Petroleum Exporting Countries' meeting in Doha. He put on a
    Financial Times  -  1,860 words
  • Article
    Lock icon Kidnapping is big business in Italy
    723 10  -  By ROLAND DALLAS Reuter KIDNAPPING has become big business In Italy, with enormous ransoms demanded and often paid. When Naples banker Lucio Fabbroclnl was freed by kidnappers who held him for a week over Christmas, his family was reported locally to have paid about
    Reuter  -  723 words
  • Article
    Lock icon The loosening grip
    690 10  -  By RUSSELL BAKER NYT MARTIN had sensed that the world was getting away from him, but he had kept a shaky grip on himself until last Thursday morning. That was when he made one of his rare forays Into the financial pages of the paper and saw
    NYT  -  690 words
  • Article
    Lock icon Getting copper out of Billion Dollar Ice Cream
    911 10  -  By SOEHARJONO Reuter IN THE middle of one of the 1 world's most remote and In- 1 accessable areas, where 1 villagers go naked in Stone Age conditions, sits a vast 1 mount? > of copper known i as th< Billion Dollar
    Reuter  -  911 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      492 10 Business Management In Penguins 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 economies and the role of IMF in frustrating these efforts. A
      492 words
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  • Article
    Lock icon Hussein visit strengthens Arabs' stand
    421 11 UPI CAIRO, Mon. Jordan's King Hussein's visit to Egypt has set the seal on a unified strategy which the Arab "Confrontation Powers" have adopted for the Geneva peace talks with Israel. Diplomats say the ball now Is In the Palestinians' court. The strategy will be
    UPI  -  421 words
  • Article
    Lock icon Groups fly in to oversee truce
    411 11 Reuter MANILA, Mon. Representatives of the Islamic Conference and the Muslim rebel Moro National Liberation Front (MNLF) flew to the southern Philippines today to help oversee the ceasefire in the four-year-old rebellion pending futher peace negotiations. President Marcos has already ordered that the representatives,
    Reuter  -  411 words
  • Article
    Share mart shows encouraging signs
    207 11 SINGAPORE'S share market has began the new year with encouraging signs of recovery, according to a newsletter written by one of Singapore's leading securities firms. "On balance the market gives every appearance of continuing its consolidation phase and could respond to favourable developments," says Lyall
    207 words
  • Article
    Lock icon FUND TO AID VIETNAM
    104 11 AP BANGKOK, Mon. Thirteen non-aligned countries have set up a special group to organise a "solidarity fund" for the benefit of post-war reconduction of Vietnam and Laos, the Voice of Vietnam said today. The group comprises Angola, Algeria, Cuba, Guyana, India, Iraq, Libya, Panama, Sri Lanka,
    AP  -  104 words
  • Article
    Lock icon Seoul clamp on forex deals
    320 11 Reuter SEOUL, Mon. The Central Bank of Korea hai discontinued or limited its foreign exchanges swap transactions with foreign banks, with immediate effect, mainly because of South Korea's soaring foreign exchange reserves, bank officials said today. The Jan 15 action of the Central Bank was
    Reuter  -  320 words
  • Article
    Lock icon 'ALL IS WELL' SIGNS AS BEIRUT BANKS OPEN FOR BUSINESS
    671 11 Reuter BEIRUT, Mon. Beirut banks emerged from the rubble of war today and reopened to customers after 10 months of Inactivity. The 74 banks have been reinforced with adequate liquidity to withstand anticipated withdrawals. At President Ellas Sarkls' request, the
    Reuter  -  671 words
  • Article
    Lock icon US goes metric the inch by cm way
    447 11 AP NEW YORK, Mon. Slowly but surely, inch by centimeter, the United States Is going metric. Liquor bottlers started Introducing metric sixes last fall and will convert completely to six basic metric sizes within two years. Soda companies are testing onelitre containers.
    AP  -  447 words
  • Article
    Lock icon Record high of 76 Japan bonds
    141 11 Reuter TOKYO, Mon. External bonds Issues by Japanese corporations, including government guaranteed bonds, reached an all-time high of 76 Issues worth US$2.O9 billion (815.12 billion) In 1976, compared with 62 bonds worth $1.59 billion In 1975, according to a Dalwa Securities Co survey. The
    Reuter  -  141 words
  • Article
    CCM CREDITS ITS TOP LISTING TO EFFICIENCY
    841 11 KUALA LUMPUR: Credit Corporation of Malaysia, the largest borrowing company, credits its position to the type of service it gives its clients and management expertise, and its links with the Chartered Bank. "Depositors' funds are the llfeblood of finance companies and our service
    841 words
  • Article
    Lock icon 'Sensible policies' keep inflation at bay: Lynch
    293 11 euter TOKYO, Men. The "m--sible policies" of moderate stimulation to the economy adopted hy Japan and propooed hy the new US administration have removed any danger that may have oxistod of a resurgence of inflation and the inevitable subsequent col la pee, Australian
    euter  -  293 words
  • Article
    Chemical plant is first of its kind in S-E Asia
    236 11 SINGAPORE will have a stearic acid and glycerine Slant, the first of Its kind In outh-east Asia, when Qlychem Singapore's factory In Jurong begins operation near the end of March. This was revealed to Business Times by Mr. R. Chandrasekhar,
    236 words
  • Article
    CZECHS DUE IN KL TO BOOST TRADE
    179 11 KUALA LUMPUR, Mm. A 10-number Chechoslovakia trade mission will fly la •a Wednesday for talks en farther promotion of trade bstwssn the two countries. The miseion will he led by the president of Um Chechoslovakia Chamber ef Commerce, Mr. Lodvik Cheray aad rsmprisss
    179 words
  • Article
    M'sia lowers duties on two items to boost tin industry
    328 11 KUALA LUMPUR, Mon. Import duties on stationary dlesel engines will be reduced from 25 to 10 per cent and those on water pumps from 30 to 10 per cent, the deputy Finance Minister, Mr. Richard Ho said here today. The
    328 words
  • Article
    Lock icon Tokyo settles two thorny issues
    138 11 UPI TOKYO, Mon. Japan and Australia today compromised mutually to settle two thorny Issues that had strained their relations. Australia accepted Japan's offer to Increase Australian beef Imports by 20,000 tonnes and In turn agreed to a two-year extension of the bilateral fishery agreement which
    UPI  -  138 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      3 11 See Page 3
      3 words
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      Page 11 Advertisements Column 2
      382 11 APPOINTMENTS i Opportunity for High Calibre Marketing Executive to be stationed in Singapore. The function requires regular travelling to neighbouring countries. The Job: A highly challenging position of marketing responsibility for brand leaders in the fields of audio/video and major domestic appliances. Identification of opportunities, planning of strategy and implementation
      382 words
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      Page 11 Advertisements Column 3
      456 11 SINGAPORE INDUSTRIAL LABOUR ORGANISATION (SILO) PIONEER INDUSTRIES EMPLOYEES' UNION (PIEU) SILO MULTI PURPOSE CO-OPERATIVE SOCIETY LTD. PIEU MULTI-PURPOSE CO-OPERATIVE SOCIETY LTD. Require (A) Chief Accountant (B) Assistant Accountant Qualifications/ Experience (A) a degree in Accountancy or recognised professional qualification with over 3 years post qualification working experience in a senior
      456 words
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  • Article
    Time's running short for Western Eagle
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    SIC gets one new member
    217 12 THE Securities Industry Council yesterday announced the appointment of one new member to the council, and the reappointment of eight others for another two years with effect from Jan 1. Mr. Sat Pal Khattar will be the new member of the council. He Is a
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    Lock icon TO MEET OR NOT?
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    UPI  -  227 words
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    LONDON STOCKS
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    Lock icon Combined forces push deeper into jungle
    222 12 Reuter SADAO, (Thailand), Mem. Malaysian sad Thai troops today covmd mora ground ia the dense border jungle as their joint operation against communist guerillas entered its fourth day, military sources here The sources said tho troopa resumed thsir msrch deeper into the junglesfter jUMMhar
    Reuter  -  222 words
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    Lock icon Taiwan to improve airport
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    Reuter  -  78 words
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    Lee on the global winds of change
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    Lock icon The case of Lance's bank advances
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    Lock icon HK governor to stay an extra year
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    Armed police on guard as rail men resume work
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    Writ by Wei Giap: Decision reversed
    174 12 THE Court of Appeal yesterday reversed a High Court decision made on last Aug. 5 which had ordered that a writ of summons taken out by Wei Glap Construction be struck off and the action dismissed. The original writ was filed last May 25
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    Lock icon SEC BRIBERY PROBE
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    AP  -  185 words
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    12-storey success for Kim Bin Realty?
    253 12 DESPITE low demand In the property market In Singapore, the uncompleted Kim Bin Building a 12-storey offlce-cum-shopplng complex along Orchard Road Js expected to be a commercial success for Its developers, Kim Bin Realty. This expectation stems mainly from the location of the building,
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    Survey to help education feedback system
    209 12 THE Ministry of Education yesterday announced Its latest supplementary measure to the "feedback system" which enables It to monitor the activities of educational institutions here, as well as study the problems that occur. This Is the survey on "Feedback on School Programme," from which
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    SEAMEN'S BACK-PAY TO REACH $3.5 mil
    261 12 THREE-and-a-half million dollars In back-pay will have been paid out by Singapore shipping companies when the recommendations made by a three man board of Inquiry in 1974, raising seamen's wages by 50 per cent, have been fully implemented. To date, some I.SOO seamen employed
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    Vickers chief arrives today
    158 12 THE managing director of the Vickers group of the United Kingdom, Sir Pster Matthews, will arrive this evening for a one-day visit as part of his annual tour of the Australasian region. Sir Peter, will be meeting with executives of the United Engineers group to review
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    Few surprises in chamber nominations
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  • Article
    Scothorne writ registered
    304 12 MR. John Hugo Scothorne, represented by Drew and Napier, yesterday registered a writ of summons in the High Court here naming The Sraits Times Press (1975) and Times Publishing Bhd, as defendants. The writ alleges that the defendants libelled the plaintiff in an article which appeared In
    304 words
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    MOSCOW NARODNY'S $6.8 mil CLAIM
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    80 words
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