The Business Times, 21 January 1977
1977-01-21
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The Business Times
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Title Section10 1977-01-21 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, JANUARY 21, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article67 1977-01-21 1 Reuter BANGKOK, Thurs. General Krlangs&k Chamanand, one of Thailand's main military leaders, has warned that some Thai political groups may use former Deputy Premier Praphas Charusathlen as a tool to fulfill political ambitions. Marshal Praphas, 65, returned to Thailand on Jan. 8 after three years' exileReuter - 67 words
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Article53 1977-01-21 1 Reuter PEKING, Thurs. China today officially Indicated that It has called off Its campaign against purged moderate leader Teng Hsiao-ping. The monthly magazine "China Reconstructs" E" llshed a new version of a speech made by PekMayor Wu Teh at a mass rally last October, ting all criticismReuter - 53 words
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Article50 1977-01-21 1 Reuter PRETORIA, Thurs. South Africa has bought 18,400 ounces of gold from the International Monetary Fund at the official price of U5542.22 (Sslo3) an ounce, as part of Its share of the 6.25 million ounces the IMF is returning to member countries, a Reserve Bank spokesman said.Reuter - 50 words
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Article44 1977-01-21 1 AP PARIS, Thurs. Premier Raymond Barre today criticised the decision of his predecessor, Mr. Jacques Chirac, to run for Mayor of Paris in March, suggesting the candidacy will divide the middle-of-the-road majority and aid -the communistsocialist alliance. —AP SEE PAGE 2AP - 44 words
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Article50 1977-01-21 1 AP SEATTLE, Thurs. A Japan Air Lines executive says he hopes new air route negotiations will resolve what he says are inequities In the Japanese American commercial flight treaty. Bilateral talks are expected to begin next month In Washington, DC, JAL vice president Kllchl Ito said yesterday. AP.AP - 50 words
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Article49 1977-01-21 1 Reuter KUALA LUMPUR, Thurs. Malaysia's state trading company, Pernas, today announced that it will lead a trade delegation to the Spring Canton Trade Fair opening on April 15. A Pernas statement called on private businessmen who wanted to Join the delegation to submit their applications.Reuter - 49 words
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Article33 1977-01-21 1 AP MANILA, Thurs. The Asian Development Bank (ADB) and the California First Bank (CFB) today signed loans totalling US$6O million (***** million) for the Philippines' fourth Mindanao power project. —APAP - 33 words
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Article35 1977-01-21 1 AP NEW DEI,HI, Thurs. Four non-communist opposition parties burled their political differences today and formed a united front to contest the approaching Parliamentary elections against Prime Minister Indira Gandhi's Congress Party. APAP - 35 words
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Article44 1977-01-21 1 UPI NEW YORK, Thurs. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 lndust 970.91, up 2.24; 20 transp 233.84, up 0.54; 15 utils 109.47, up 0.70; 65 stocks 318.54, up 0.95. UPIUPI - 44 words
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Chief Price Changes
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Article124 1977-01-21 1 Rites Most active K Kampar L. Perak j2 50 40 Kullm (M) 111,000 $174 ♦!is Haw Par 91,000 Torvjkah Harb $3.07 +.17 Central Sugars 71,000 K SWlm $3.54 .14 Pan 50.000 Sff Bed IS M PeUllnt $4.88 Car liber* S3 64 A Amal 13.80 A HltamTln $12.00124 words
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Article, Illustration217 1977-01-21 1 TIN sharee again highlighted trading in a generally easier Stock Exchange or Singapore yesterday. Gains of up to 66 cents were noted among the tin counters as the price of the metal recovered from Wednesday's fall. Kuala Kampar jumped 66 cents while Lower Perak Gt on SO217 words
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425 1977-01-21 1 THE names of the Singapore companies whose shares will become the subject of option trading under a pilot scheme to be launched by the Stock Exchange of S'pore on Feb 1 will be announced at the beginning of next week. A few days after425 words
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861 1977-01-21 1 JOHN TAN - •y JOHN TAN GOODWILL worth at least $1 million has been brought back by the Prime Minister, Mr. Lee Kuan Yew, from his five-day unofficial visit to Manila. This Is roughly the sum which the Philippine government will give up in terms of861 words
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487 1977-01-21 1 Reuter MANILA, Thurs. President Marcos today underlined the urgency of the two-day meeting of Asean economic ministers as he called for a review of the status of Asean projects. "We are running late In our programmes, and the time we have In our hands affordsReuter - 487 words
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Article367 1977-01-21 1 MANILA, Thurs. Singapore and Philippine leaders today made a new call to Japan to take a more active pait In the development of Asean countries and hinted that they would like to see a summit conference to strengthen relations. Replying to newsmen's Rations as the Singapore367 words
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Article112 1977-01-21 1 KUALA LUMPUR, Thurs. The Straits Tin price In Penang advanced M 129 per pkrul to $1,41®, IM above the International Tin Agreement ceiling, dealers said. Market sources sad sentiment was largely influenced by the firmness on the London Metal Exchange overnight, with Increased demand from Europe, Japan and112 words
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313 1977-01-21 1 RECOVERY of Australia's economy from recession will lead 4a further expansion of trade with Singapore. This was pmteted last night by Australian Foreign Minister, Andrew Peacock, who stressed that participation of Australian companies in joint ventures here indicates confidence in the stability and313 words
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Article216 1977-01-21 1 Reuter TOKYO, Thurs. The Japanese Cabinet today approved a reflatlonary budget featuring massive expenditure on public works but giving short shrift to welfare spending. A statement from Prime Minister Takeo Fukuda described the 28,510 billion yen (*****.8 billion) budget as "a manifestation of the government'sReuter - 216 words
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Article202 1977-01-21 1 PRESIDENT B.H. Sheares and Prime Minister Lee Kuan Yew yesterday sent their congratulations and good wishes to US President Jimmy Carter, on his Inauguration. Expressing his warmest congratulations. President Sheares, said: I am confident that under your able leadership, the United States will continue to202 words
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Article191 1977-01-21 1 A $5.5 million plant in Kallang, set up by a member of the giant Sumitomo group of Japan to produce electronic parts, will begin production in May. Sumitomo Metal Mining Singapore with 180 workers, will have the precision stamping and electroplating machinery necessary to191 words
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Page 1 Advertisements
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Advertisement51 1977-01-21 1 Get advanced copying technology SEE PAGE 2 &&@~&::@*+)_;;'&.}[_$%|>`(';|\' Ovwnu newt/TV A Radio P 2 Oversea* newt/ Feature* P 3 Local Co new* P 4 International Co new* P 5 Local stocks P Orerssas P 7 Transport A Communications P Features PM Local A Overseas news PU Local A Oversea* now*51 words
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Advertisement102 1977-01-21 1 tor quality gifts aud souvenirs i m Selangor Pewter has long been admired by connoisseurs the world over for its elegance and beauty. Individually handcrafted from 97% lead free Straits refined tin,the beauty of quality pewter never dates. Functional as it is decorative, Selangor Pewter is the ideal gift. Selangor102 words
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Advertisement97 1977-01-21 1 GO WITH ST SINTAT DIPLOMACY Skw *****3, *****6(Airport) Kuala Lumpur *****/7 Psnang ***** CHARTERED V v LIMITED i f Providing full merchant banking services throughout South East Asia. A merchant bank owned by The Chartered Bank, a member of the Standard Chartered Bank Group, and Arbuthnot Latham Co., Limited, a97 words
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OVERSEAS
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441 1977-01-21 2 Reuter WASHINGTON, Thurs. President Jimmy Carter, newly elected to the nation's highest office, today pledged fresh efforts to curb the nuclear arms race. But he said America would remain on guard against threats to dominate the world and harm the well-being of people everywhere.Reuter - 441 words
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Article203 1977-01-21 2 Reuter WASHINGTON, Thurs. The Ford administration, in its final day of office, yesterday notified Congress that the Government planned to sell US$lBB.4 million (*****.6 million) worth of American arms to seven countries. The countries named were Thailand, Spain, Greece, Sweden, Israel, the Netherlands and South Korea.Reuter - 203 words
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Article203 1977-01-21 2 Reuter WASHINGTON, Thurs. President Ford made his last day in office a time of farewells and partial forgiveness. Mr Ford, who turned the White House over to Democrat Jimmy Carter at noon today, telephoned Soviet Communist Party leader Leonid Brezhnev for a 15-minute personal farewell. No detailsReuter - 203 words
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295 1977-01-21 2 AP BONN, Thurs. Chancellor Helmut Schmidt told Parliament yesterday that West Germany and the United States will hold detailed talks over "problems" raised by US President Jimmy Carter's (Wars of further nuclear arms proliferation. Though he did not specify the problems, Mr.AP - 295 words
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Article131 1977-01-21 2 UPI LOS ANGELES, Thurs. National Bankamerlcard Inc. announced yesterday It is adopting a single new name. Visa, as the worldwide trademark for its blue, white and gold credit cards. The bank's credit cards are currently Issued under different names in 22 countries, such asUPI - 131 words
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478 1977-01-21 2 AP CAIRO, Thurs. Army paratroopers guarded key squares and bridges and patrolled several of the city's poor neighbourhoods today following two days of violent riots over increased prices for food and other products. Calm returned to the capital after a 14-hour nightAP - 478 words
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Article210 1977-01-21 2 Reuter FRANKFURT, Thura. Hungarian national bank vice president Janos Fekete said the extent of the East Bloc's Indebtedness to the West has been exaggerated and Is anyway fairly small compared with the debts of the non-oil developing countries. Answering reporters' questions, he said a rough estimateReuter - 210 words
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Article128 1977-01-21 2 Reuter TOKYO. Thurs. Canada and Japan will begin talks here next week for revision of their nuclear power cooperation agreement of 1960, the Japanese Foreign Ministry said. The talks will follow a Canadian proposal for a revision aimed at Incorporating a clause on safeguards toReuter - 128 words
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Article81 1977-01-21 2 UPI TAIPEH, Thurs. The Ministry of Economic Affairs yesterday said US$lBO million (SS44I million) worth of foreign Investment is expected In Taiwan this year. Foreign Investment In sophisticated Industries and the production of export goods is especially encouraged, the Ministry said. Statistics show that $1.5 billion was investedUPI - 81 words
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281 1977-01-21 2 Reuter PARIS, Thurs. Former Prime Minister Jacques Chirac has set the stage for a showdown with President Valery Giscard d'Estaing by announcing that he will stand for the coveted now post of Mayor of Paris in March. Mr. Chirac is head of Franco'sReuter - 281 words
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Article89 1977-01-21 2 LONDON, "#hurs. The Confederation of British Industry told the Oovernment that legislation to force firms to accept worker representatives on their boards would seriously Inhibit future capital Investment plans. CBI president Lord Watklnson told journalists after a monthly meeting of the CBI council such a89 words
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Article, Illustration666 1977-01-21 2 AP NEW DELHI, Thurs. Former Deputy Prime Minister Morajl Desal emerges from a term of unpubllcised imprisonment Into the politics of a country Just freed from 19 months of emergency rule. Under stringent censorship restrictions, newspapers were prohibited from reporting that Mr.AP - 666 words
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787 1977-01-21 2 BRITISH reserves have been rising by U8I100 million (***** million) a day this week through foreign currency purchases by the Bank of England, according to reports from London. 81nce the long decline In the exchange rate of sterling came to an end shortly before787 words
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Article145 1977-01-21 2 Reuter OTTAWA, Thurs. The National Energy Board announced It will export 425 million cubic metres of natural gas and 50,000 barrels of heavy fuel oil to the U8 to meet growing fuel shortages there, during one of the coldest American winters on record. ItReuter - 145 words
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Article68 1977-01-21 2 SEOUL, Thurs. South Korea will need 10.18 million tonnes of animal feed this year, four per cent more than last year, according to tentative Agriculture and Fisheries Ministry projections. Imports are expected to rise to 848,000 tonnes from an estimated 800,000 last year and 435,000 in 1975,68 words
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Article132 1977-01-21 2 Reuter MANILA, Thurs. The Asian Development Bank denied reports It had cancelled plans to float a yen bond in Japan and said it was still considering whether to enter the market later this year. Commenting on a report from Tokyo that it had cancelled plans for theReuter - 132 words
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Page 2 Advertisements
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Advertisement171 1977-01-21 2 V r OT A 4 fern 12 s fisrr^i I Hill Vas e: K ■jT H C> t' N a *> w c it «v Chivas Regal Scotland's prince of whiskies It's waited 12 years for you. Another fine product brought to you by: f• f private) ltd. 875 BUKII171 words
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Page 2 Miscellaneous
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Miscellaneous53 1977-01-21 2 lliJ—m lil 1 WEATHER report for 24 hours prior to 7.30 p.m. on Jan 20 at Singapore airport: Maximum temperature 31.4° C Associated humidity Minimum temperature Associated humidity Hours of sunshine Rainfall in millimrtrw Total rainfall for the month Total rainy days for the month 63 23.0° C 97 8.3053 words
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Miscellaneous322 1977-01-21 2 SINGAPORE 5 3.00 P.M. Opening Announcements followed by* Housewives' Matinee "The Car and I" (r) with superimposed English/ Chinese subtitles. Pt. 2 of a Mandarin film 3.55 Diary of Events (Chinese) 4.00 Beyond Today (r) 4.25 Intermission 6.05 P.M. Opening Announcements followed by Exercise with Gloria 0 6.30 News In322 words
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OVERSEAS
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Article187 1977-01-21 3 Cuba pulls out as sugar seller Reuter NEW YORK, Thurs. World sugar market sources said Cuba Is withdrawing as a seller to the world sugar market until the third quarter of the year chiefly because of a shortfall In this season's crop. The Cuban decision to withdraw as a supplierReuter - 187 words
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Article70 1977-01-21 3 Reuter ATtiENB, Thurs. The EEC will give Greece US$336 million (BSBI6 million) to help with necessary structural readjustments before full EEC membership, the Ministry of Co-ordination said her. The announcement said a second financial protocol between Greece and the EEC will be signed as soon asReuter - 70 words
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Article75 1977-01-21 3 Reuter PARIS, Thurs. French Foreign Trade Minister Andre Rossi plans to visit all eight of nls Common Market opposite numbers to discuss the forthcoming Tokvo-round trade talks, ministry sources said. The aim will be to work out a common position to be adopted by EEC negotiators atReuter - 75 words
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172 1977-01-21 3 AP TOKYO, Thurs. Cab* has asked Japan to postpone for mm year a shipment «i foods worth about 2C.4 billion yen (***** million) boeanso of Cnba'a deteriorating ability to pay for iMports, Foreign Ministry officials said today. The request was Made by HectorAP - 172 words
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Article46 1977-01-21 3 AP BERN, Thurs. Switzerland achieved Its first foreign trade surplus since 1953 last year, the Swiss Federal Customs Direction announced yesterday. It said total 1978 exports valued 37.044 billion francs and imports 38.871 billion francs for a surplus of 173.6 million francs. APAP - 46 words
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Article, Illustration503 1977-01-21 3 IP NO PACT IS REACHED BY COMMON MARKET... LONDON, Thursday AP BRITAIN will act alone to conserve fish stocks If there is no agreement by the European Economic Community in the next five weeks, tne government warned yesterday. Mr. John Sllkln, MinisterAP - 503 words
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Article, Illustration397 1977-01-21 3 SHAH DISCLOSES ON FRENCH TV: Reuter PARIS, Thurs. The Bhah of Iran said In an Interview shown last night on French television he believed Saudi Arabia's King Khalid disagreed with his own OH Minister's stand on oil price rises. The Saudi Minister,Reuter - 397 words
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447 1977-01-21 3 Reuter WASHINGTON, Thurs. The Federal Energy Administration said energy consumption In the United States will rise by about 2.5 per cent a year between now and 1985, assuming that current energy regulations and legislation remains In effect. InReuter - 447 words
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267 1977-01-21 3 UPI TOKYO, Thurs. Iraqi Vice President Taha Muhlddln Maarouf today assured Japan of stable crude oU supplies and expressed hope for Japanese cooperation In his country's economic development, government sources reported. The sources said Mr Maarouf made the pledge when he conferred with JapaneseUPI - 267 words
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116 1977-01-21 3 Reuter LONDON, Thurs. A joint group of members of both Houses of Parliament was told last night of the need for establishing a world centre for an International commodity council In London by the International Tin Council's special adviser, Mr. Harold Allen. The parliamentaryReuter - 116 words
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283 1977-01-21 3 AP WASHINGTON, Than. In s last-miauls am before leaviag office. US Preaideat Gerald Pari yeeterdsy propoeed lifting price controls ea petrel. Hie am is iifiUri to face atroag oppoeltioa la Coagreee, which has If days hi which to vote Mr. Feed's move. AAP - 283 words
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222 1977-01-21 3 AP LA PAZ, Thurs. Bolivia announced yesterday It will demand a substantial rise In tin prices as "the only practical way" to resolve the crisis In the supply of this metal, which in recent days propelled rates to exceptionally high levels. "It wouldAP - 222 words
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Article72 1977-01-21 3 Reuter PARIS, Thura. Three major French unions have called on workers In the state Power Utilities Electrlclte De Prance and Oas De France to strike (or 24 hours on Feb. 1, union sources .said. The two leading left wing unions, Confederation Generate Du Travail and ConfederationReuter - 72 words
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Article31 1977-01-21 3 Reuter VIENNA, Thura. Austria Elans to borrow a total of six illlon schillings on foreign capital markets this year compared with five billion In 1976, Finance Ministry sources said. Reuter.Reuter - 31 words
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297 1977-01-21 3 AP BEIRUT, Thurs. The Ltbtacw Government will Insure investments here i|tiut hazard* of civil war, revolution, dlsssnalon and acta of vMawa, under a new law. The inanrance is to be conducted by a govern-ment-run corporation called "The National Establishment for Investment Insurance."AP - 297 words
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Article, Illustration615 1977-01-21 3 MAURICE GUINDI - By MAURICE GUINDI UPI AN EXPLODING population, a rising cost of living outdistancing Incomes, high military spending because of the conflict with Israel, steady borrowing over the years, chronic budgetary deficits. These are the main ingredients of the crisis that five rise to riotsUPI - 615 words
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Article128 1977-01-21 3 DAMASCUS, Thurt Reuter SYRIA yesterday announced a 17 billion pound (Ssll billion) budget for 1977. showing a one billion pound (***** million) Increase on last year's figure. Half the extra sum will go to the armed forces, on which Syria will spend 3.93 billions pounds (nearlyReuter - 128 words
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Page 3 Advertisements
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Advertisement98 1977-01-21 3 A Commercial Building By Kim Bin Realty On Prestigious Orchard Road, VEHICLE ACCESS FROM OUTSIDE THE C.BD. A.L.S. charge, not p»y«We FOR SALE Unite from 83M 2 (900ft?) to Z7TOM 2 (29,190ft 2 appnx. OFhCG>,3 Shop6/Sho¥woom^ Restaurant/Coffee Hoim. w- Located in the beart of Orchard Road, the moat prestigious tourist98 words
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COMPANY NEWS
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Article626 1977-01-21 4 THE 700-room Hotel Merlin in Kuala Lumpur the biggest in Malaysia could well be still up for sale, conditional upon a lease back agreement, after the abortive takeover attempt by millionaire Tan Bri Khoo Teck Puat at the end of last year. As626 words
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Article245 1977-01-21 4 Currant Ex Date Total for Total far payment Date payable the year previou* ynar Tenter loh 3.5* Jan 4 Jan 21 3.5*+ 15* K.T.Pau 9*+ Jan 5 Jan 21 6*+ 33* Pahang Con. 10* Dec 3 ,Jan 24 10* 12.5* Wetrae Bra* 12* Jan 10 Jan 24 17*245 words
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Article412 1977-01-21 4 WITH the consumer electronic market continuing to Improve, Industrial Electronics and Engineering has registered further advances in both sales and earnings. For the first six months ended Sept 30, 1976, it reported "group pre-tax profit of $784,006 compared with a loss of $682,000 In the previous412 words
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Article79 1977-01-21 4 THE Kuala Lumpur Stock Exchange has asked Boustead Holdings to furnish a copy of the letter of approval from the Malaysian Foreign Investment Committee regarding Its acquisition of a 28 per cent stake In Royal Insurance (Malaysia). The exchange would like to know how this stake, comprising 1.4 million79 words
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COMPANY MEETINGS
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Article20 1977-01-21 4 THE following company meetings are due: Jan 21, 12 noon, at Raffles Hotel, Beach Road, Singapore 7.20 words
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Article14 1977-01-21 4 Cycle Carriage Ltd. Jan 22, 12 noon, Mandarin Hotel, 333 Orchard Road, Singapore 9.14 words
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Article14 1977-01-21 4 Jan 24, 12 noon, Registered Office, 114 Jalim Sultan Yussuf, Ipoh.14 words
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16 1977-01-21 4 Jan 29, 11 a.m., 31 Jalan Rlong, Kuala Lumpur.16 words
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Article21 1977-01-21 4 Jan 29, 12 noon, at the Board Room, 3rd Floor, Bangunan UMBC, Jalan Sulalman, Kuala Lumpur.21 words
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Article17 1977-01-21 4 Jan 30,11 a.m., Regis- tered Office, No. 6-2 Jalan Fatlmah, Batu Pahat, Mm,17 words
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Article17 1977-01-21 4 Jan 31, 11 a.m., at the Hotel Merlin, Jalan Sultan Ismail, Kuala Lumpur.17 words
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Article178 1977-01-21 4 UPI WASHINGTON, Thurs. The Justice Department yesterday revealed that It is making a preliminary investigation of a possible antitrust violation In the acquisition of New York City publications by Australian Publisher Mr. Rupert Murdoch. The Department's New York field office is seeking to determine whether theUPI - 178 words
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87 1977-01-21 4 Reuter WASHINGTON. Thurs. The Securities and Exchange Commission (SEC) proposed changes In Its financial reporting rules that are Intended to expose any questionable or Illegal corporate payments. The proposed rules are similar to a bill which passed the Senate last year, but died InReuter - 87 words
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Article140 1977-01-21 4 Reuter TOKYO, Thurs. Toyota Motor said its export sales last year hit an all-time high of 1.18 million units worth US$3.4B billion, compared with 868,000 units valued at 12.2 billion in 1975, the previous record. Record export sales last year were attributable to strong demand worldwide,Reuter - 140 words
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Article114 1977-01-21 4 Bancal TriState ends lower Reuter SAN FRANCIBOO, Thurs. Bancal Trl-State Corp aakl 1976 earnings fell because Its banking sub-, sldiary, Bank of California, earned less and also through continued losses from nonbanking activities. Bancal Trl-Btate reBrted year operating earnjs US$2.B7 million or 76 cents per share compared with $3.29 millionReuter - 114 words
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Article1037 1977-01-21 4 On January 19 PRICES on the Chicago Bokrd Options Exchange moved higher as gainers topped losers on Wednesday, 337 to 130. Turnover approximated 113,430 contracts, compared with 98,607 contracts on Tuesday. OPTION JAM APL JLY STOCK Alcoa 45 11 7/6 NOL NOL 54 3/4 Alcoa 50 61,037 words
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Article159 1977-01-21 4 Reuter NEW YORK, Thurs. Americas Airlines said It will offer US$lOO million in preferred stock to help finance purchases of planes. Including three McDonnell DouglaiDC-106. The company said Its board authorised purchase of the DC-lOs, which are scheduled for 1978 delivery and will cost $325 million.Reuter - 159 words
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Article54 1977-01-21 4 NEW YORK, Thurs. Phelps Dodge Corp said its fourth quarter results will be substantially below the US$lO.3 million or 50 cents a share earned a year ago. It said Its fourth quarter results will be adversely affected by year-end adjustments, Increased costs and the Dec 1 reduction In54 words
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Page 4 Advertisements
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Advertisement591 1977-01-21 4 Confront Singapore's decision makers in Business limes For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who591 words
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INTERNATIONAL COMPANY NEWS
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Article195 1977-01-21 5 HONOKONO, Thurs. Hutchlson-Boag said It set up a new wholly-owned subsidiary, Hutchlson-Boag Engineering, to bring together the engineering interests of Hutchlson-Boag and its parent company, Hutchison International. Hutchlson-Boag managa director John Bartley a press conference the new company should enable a significant Increase in profits195 words
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Article102 1977-01-21 5 OMAHA, Thurt. Union Pacific Corp said shareholders approved a two-for-one stock spilt. They authorised an increase in common stock to 60 million shares from 30 million and a reduction in the par value of the present common to US$5 a share from $10. After the split,102 words
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Article28 1977-01-21 5 TOKYO, Thurs. Nippon Miniature Bearing said Its 57 per cent owned US subsidiary IMC Magnetics bought the entire assets of Hansen Manufacturing Corp for about US$4.5 million.28 words
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Article419 1977-01-21 5 Reuter LOS ANGELES, Thur*. Atlantic Richfield nad a. very pood year In If W and will show revenue and earning* the best ever In its history, vice-chairman Mr. Louis F. Davis told Renter In an Interview. Arco's previous record high earnings were In 1974 when itReuter - 419 words
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271 1977-01-21 5 Reuter WASHINGTON, Thurs. Commerce Secretary Elliot Richardson said he approved the Maritime Administration's recommendation that General Dynamics Corp be granted US$73O million In loan guarantees for building seven liquefied natural gas tankers for Burmah Oil. The tankers will be used to carry LNGReuter - 271 words
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Article264 1977-01-21 5 FT AMSTERDAM, Thurs. Kon. Paplerfabrleken (KNP), the paper manufacturer, has said that it expects to have broken even In 1976 and that there was likely to be a profit In the current year. KNP, in which MacMlllan Bloedel of Canada has a share of aboutFT - 264 words
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Briefly
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Article79 1977-01-21 5 STUTTGART, Thurs. The shares of Daimler-Benz and Mercedes-Automobll-Holdlng (MAH) will be quoted on the bourses of Zurich, Basle and Geneva from Jan 21, Schweizerlsche Bankgeae Use haft said in a statement released by Daimler. This will be the first time these shares have been officially quoted outside79 words
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Article89 1977-01-21 5 LONDON.Thurs. Allied Breweries said It has agreed a new £164 million two-year UK investment programme which will greatly Increase 1977 capital expenditure. Of this, £117 million has already been authorised and further spending will be approved in the near future. The plans involve expenditure at all major plants89 words
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Article93 1977-01-21 5 MELBOURNE, ThUfs. Dunlop Australia said It will close Its Drummoyne, Sydney, tyre plant on Feb 17 In a move to rationalise Its tyre production at a Melbourne plant. Dunlop announced In December 1974 it planned the rationalisation to save costs and has been winding down its93 words
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Article79 1977-01-21 5 NEW YORK,Thurs- Nippon Electric said It plans to start producing electronic products in the US by the end of this year. It Is investigating various plant sites throughout the country. The company said It developed a new 24 to 120-llne electronic telephone switching system with full stored-programme control called79 words
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Article97 1977-01-21 5 TOKYO, Thurs. Westdeutsche Landesbank Giro zentrale board member, Mr. Walter Selpp, said the bank's 1976 profits are expected to be only slightly less than the record set In 1975. Total balance sheet assets are expected to show a rise for the year of between eight and nine per97 words
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Article55 1977-01-21 5 OSAKA, Thurs. Consolidated net profit at Kubota rose to US$3B.lB million from $33.68 million for the first half-year ended Oct 15, 1978. The profit Increase was achieved on a sales rise of 11.8 per cent to $810.29 million from $725.99 million. Net income per American depositary receipt rose to55 words
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Article45 1977-01-21 5 LONDON, Thur*.— Swedish state company Statsforetag will Issue US$4O million 7 3/4 per cent bonds due 1982 at a Erlce of 100 1/2 per cent, ond market sources said. The issue, with Credit Suisse White Weld as lead manager, has no mandatory early repayment.45 words
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Article142 1977-01-21 5 Reuter LONDON, Thurs. Ban Charrlngton sales for the first three months of the current year to Sept 90 were ahead of the same period last jear, chairman Mr. Derek Palmar told the annual meeting. Contrary to expectations the beer market did not decline In this period whileReuter - 142 words
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Article44 1977-01-21 5 INOOLDSTADT, Thurs Volkswagenwerk subsidiary Audi Nsu Auto Union made a profit In 1976, an Audi spokesman said, but could not say whether it will show a final net profit after repaying 71 million marks of losses covered by its Volkswagen parent In 1975.44 words
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223 1977-01-21 5 NEW YORK, Thurs. Hit by depressed demand and higher wages, Caterpillar Tractor suffered a 28.5 per cent fall in net profit to U8570.3 million from $98.3 million In the last quarter of 1978. This reduced the full yea t total by four per cent at $383.2223 words
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Article124 1977-01-21 5 Reuter MANILA, Thurs. Kao Soap of Japan and the Philippines' Aboltlz plan to set up a 65 million peso plant In Mindanao to Eroduce coconut chemjcal y-products for the cosmetic Industry, Kao president Yoshlo Maruta said. The plant should start producing methyl coconate and refined glycerine byReuter - 124 words
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118 1977-01-21 5 Reuter JOHANNESBURG, Thurs. Anglo American Corp of South Africa and Rand Selection Corp, two large Bouth African mining finance groups, plan to merge. Anglo American already owns 17 per cent of Rand Selection In which De Beers Consolidated Mines has a 40 per centReuter - 118 words
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Article810 1977-01-21 5 JAY PALMER - INTERNATIONAL HARVESTER By JAY PALMER FT INTERNATIONAL Harvester, the large and diversified Chicago based maker of agricultural machinery, lorries and construction equipment, has long had a deserved reputation as a sleepy giant. Business Week Magazine hit the nail on the head 22 months ago when it describedFT - 810 words
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Article125 1977-01-21 5 Reuter BRISBANE, Thurs. AmSI Petroleum Is expanding e capacity of Its Lytton refinery near Brisbane to ensure Its ability to meet demand for the next decade, Queensland premier Joh BJelke-Petersen said. The first phase In the proect, scheduled for compleon late In 1978, Involves expansion ofReuter - 125 words
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Article186 1977-01-21 5 Slowdown at Trans America Reuter NEW YORK, Thurt.- The profit increase at TransAmerica Corp slowed down considerably In the fourth quarter reducing the full year gain to only 53 per cent at U*****.62 million ($74.93 million) after being up 61.5 per cent at the nine-month mark. In the fourth quarterReuter - 186 words
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Article111 1977-01-21 5 LONDON, Thurs John Bradlng, executive vicepresident of Occidental Petroleum Corp subsidiary Offldental International OU Inc, said the company has no plans to increase capacity of Its planned refinery at Canvey Island, Essex, above the originally envisaged six million tonnes per year. Last week Occidental chairman Armand111 words
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287 1977-01-21 5 LONDON, Thuri. On a sales increase of 20.9 per cent Rank Organisation has raised pre-tax profit by nearly 50 per cent In the year ended Oct 31, 1978. Profit rose to £75.59 million from £50.67 million while sales increased to £426.32 million from £352.60287 words
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Article255 1977-01-21 5 Reuter NEW YORK, Thurs. A 17 per cent rise in fourth quarter operating profit has lifted the full year earnings at Continental Illinois Corp by 10.1 per cent to U*****.97 million from 8118.99 million. In the fourth quarter operating profit rose to $35.22 million from 830.11Reuter - 255 words
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Advertisement235 1977-01-21 5 IjV "V «nw» fc*Olv> THE OPEC SQUABBLE Saudi Arabia, which has raised its oil prices only 5%, is now taking business away from its higher-priced OPEC allies. As a result, nations like Iran are being forced to cut back production and emotions are running high- In this issue, NEWSWEEK interviews235 words
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Advertisement148 1977-01-21 5 imrF W 'U, Departing every Tuesday Thursday Other PI A Destinations: Abu Dhabi Athens Amsterdam Bangkok Bahrain Baghdad Bombay Colombo Cairo Copenhagen Chitral Doha Dhahran Dacca Damascus Delhi D. I. Khan Gilgit Gwador Hyderabad Istanbul Jeddah Jiwani Kuala Lumpur Karachi Kuwait London Lahore Lyalipur Manila Muscat Multan Moenjodaro Nairobi Nawabshah148 words
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Article2113 1977-01-21 6 Gr*« Qr'a Net mam Last dlT Dtv y*ld P/E Vel Day High Low Ciwuiy 1 Sale c'rr <*«68> Higk Lmm SECTION ONE INDUSTRIALS 175* 133 Acma 140 unch 12.ON 1.1 8.5 7.0 1 140 140 m 172 Alcom 204 20.0 1.3 9.8 13.0 ioo 60 Allied Choc2,113 words
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Article1152 1977-01-21 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 "Bett." Big Board1,152 words
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Article1253 1977-01-21 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 AMM (1.408 1 506). XRI. A. Tim (0.38B) (I) 0.40. (I)1,253 words
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Article164 1977-01-21 6 B O T 8 1/2% 1981 (100,000) (102HB 103*8) D B S 8 1/2% 1982 (100,000) (99*B 100*S) DBS Converts C 1/2% 1991 (100,000) (96V,8 97*8) E I B 9% 1982 (100.000) (1038 1048) E I B 8 1/4% 1983 (100,000) (100B 100*8) I B J 8164 words
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Article113 1977-01-21 6 5 1/2% 1/12/77 (1,000,000) (101.458 101.60S) 5 1/2% 15/4/78 (1,000,000) (101.008 101.70S) 5 1/4% 15/7/78 (1,000,000) (101.388 101 455) 5 1/4% 15/7/78 (1,500.000X 1)101.42 1/2% 15/8/78 (1,000,000) (103 258 103 40S) 7% 1/7/79 (1,000,000) (104.808 104 90S) 5 1/4% 15/10/79 (1,000,000) (100.908 101 055K2)100.95 6 3/4% 15/8/80113 words
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Article142 1977-01-21 6 SINGAPORE UNIT TRUST (Manager*' price* for Jan 21) INCOME BOND UNIT (Current price*) The Commerce The Saving Fund S pore Prof. Fund S pore Security Fund S'pore Invest Fund 1.77 1.87 0.97 102 0.82 0 *7 1.33 1.40 106 1.12 INCOME BOND 1.09 115 MARA BUMIPUTRA FUND (Manager*'142 words
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Page 6 Advertisements
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Advertisement410 1977-01-21 6 THE GREAT BOOKS of the beautiful, durable bindings 1b the B I of the fundamental Ideas of mm%m I HH mm ■mv m 1 WW hw I IHIaIW WWVIIk Here In beautiful, durable bindings Is the whole record of the fundamental Ideas of mankind science, history, psychology, mathematics, theology, literature410 words
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Article662 1977-01-21 7 IN A generally easier Singapore stock market, tins •hares continued to firm yesterday, with gains of up to 66 cents noted in some counters following the recovery in the price of the metal which had reacted lower on Wednesday. Two long inactive counters had the best662 words
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Article490 1977-01-21 7 RENEWED buying Interest in the tin sector again highlighted trading at the Kuala Lumpur Stock Exchange yesterday. Tin shares continued to enjoy speculative support with gains of as much as 40 cents in extreme cases. The generous price appreciations in Kuala Kampar and Lower Perak helped490 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1090 1977-01-21 7 NEW YORK: A technical adjustment from recent losses helped the stock market score Its first gain In four sessions on Wednesday. Trading was the heaviest In five weeks. Natural gas and other energyrelated issues again were the centre of Investor attention, although a number of corporations with bullish1,090 words
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Article369 1977-01-21 7 JOHANNESBURG: Oold shares were quietly easier shortly before the close on Wednesday, following slightly lower bullion Indications, dealers said P Brand traded 35 cents down at 1,515, while Randfont lost 25 cents to 3,925. Financial minings were basically steady. Coppers and platinums tended firmer with Messina K,lning 10 cents369 words
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Article345 1977-01-21 7 PARIS: The market was generally mixed, In quiet featureless trading on Wednesday, dealers said. Automobiles, rubbers, oils and investments were higher, while foodstuffs, constructions and metals were mixed Banks, electrlcals and chemicals lost ground. The foreign sector was slightly lower, with Belgians, golds and oils easier, Americans and Germans345 words
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Article243 1977-01-21 7 FRANKFURT: Shares closed mixed after some demand countered early weakness on Wednesday. Most leading shares were little changed overall. Mannesman! rose 1.80, but BBC and Deutsche Bank fell 1.50 marks. Daiakr Bens, which announced a higher provisional world group turnover In 1976 fell 0 <0 Trading was uncertain on243 words
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Article299 1977-01-21 7 AMSTERDAM: The market again ruled quietly mixed with a week undertone on Wednesday Hoogoven* and Royal Dutch gained some ground among otherwise lower Dutch Internationals. Hal headed mostly small gains. Declines were led by Bijenkorf and RSV. State loans again fell. JAN 1* Fls Ahold 75 50 Akzo 27299 words
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Article281 1977-01-21 7 ZURICH: The market continued Irregular on Wednesday dealers said Apart from special situation stocks, trading was quiet. Among major banks. Bankgesellachaft and VoUubank rose. Financials drifted lower Including Bally bearer, Elektro-Watt and Interfood 'B'. Landii and GYR closed unchanged after announcing a small profit. Insurances were narrowly mixed, except281 words
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Article312 1977-01-21 7 TORONTO: Sharp gains among the oils and metals led the Toronto market to a modest advance by the close of moderate trading on Wednesday. Consumer and industrial products and Canadian real estate were the only Industrial Indices to record losses. Among the major changes. Walker-Good erham A fell S312 words
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Article428 1977-01-21 7 SYDNEY: Prices continued lower on sustained selling In many sectors on Thursday, although some selective buvlng Interest emerged, particularly among leading miners, aided by the strength In overseas metal markets, dealers said. The Sydney All-Ordinaries fell 161 points to 441.16. BH South rose five cents to AS 1.05, MIM428 words
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Article152 1977-01-21 7 MANILA: Mining and commercial issues were firmer on Thursday but oils continued weak, in slightly higher turnover, dealers said. The continued advance In metal prices again aided minings. Lepanto led gainers In brisk turnover, but trading in oils was sluggish, and commercials also saw slim turnover. JAN 20 Pesos152 words
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Article214 1977-01-21 7 MILAN: The market closed firm In fairly regular trading on Wednesday, with operators awaiting further developments of talks on labour costs between Conflndustrla and the unions, dealers said. Most leading Industrials recovered some lost ground but Fiat was unchanged despite expectations of higher 1878 profit and dividend. Pirelli Spa214 words
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Article174 1977-01-21 7 BRUSSELS: The market was again lower in quiet accountday trading on Wednesday, depressed by Wall Street, dealers said. Cie Lambert rose, but falls Included Geomines, Cockerill, ACEC and St Rock. FN was unaffected by a one-day strike, and Vieille Montagne did not react to news It is resuming limited174 words
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Article417 1977-01-21 7 HONGKONG: Share prices were mainly higher in moderate trading on Thursday, boosted by the rise on Wall Street overnight. dealers said. The Hang Seng index rose 2.88 points to close at 442.4. Hongkong Bank gained 20 cents to $20.60, g 10 cents to $7.80 andHutdiiaon 2.5 cents to $3,375417 words
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Article82 1977-01-21 7 JAN 20 Bahts A si* Fibre 121 •1 Bangkok Bank 247 -2 Bangkok Invest 149 +2 Bangkok-Metro-politan Bank Bata 3718 BerliJucker Charoong Thai Wire 161 -1 Dumex Duslt Thant Faber Merlin First Trust Indo-Thal J And J Ho 183 +1 Jalaprathan Cement 84 unch Karnasuta 406 +2 LeeKwangMln Metal82 words
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Article533 1977-01-21 7 TOKYO: Share prices closed slightly higher in active trading on Thursday, as late profit taking pared early gains, dealers said The Dow Jones average gained 2.75 to close at 4,992.26 with volume 300 million shares. The New index closed at 378.48, up 0.39. Prices rose sharply in early trading533 words
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Article66 1977-01-21 7 FINANCIAL TIMES INDUSTRIALS Wednesday 381.0 Tuesday 381.1 Week ago 357.6 IX)W JONES AVERAGE INDUSTRIALS Wednesday 968 67 Tuesday 962.43 Week Ago 968.25 LONDON DOLLAR PREMIUM Wednesday 113 to llS^st Tuesday 115% to 115^* H.K. HANG SENG Wednesday 439 52 Tuesday 438 74 Week ago 433.76 SYDNEY INDUSTRIALS Wednesday 364.8566 words
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Article90 1977-01-21 7 Reuter PORT MORESBY.ThUT*. A Port Moresby stockbroking firm said it will begin an over-the-counter market in local stocks and shares. A spokesman for the firm, Reynolds Sweeney PlattHepworth Archer Jones, said Australian listed companies with local registers will also be traded, and the move could lead toReuter - 90 words
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Page 7 Advertisements
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Advertisement423 1977-01-21 7 THE SYNTOPICON The Syntopicon now makes it possible for anyone to "ask" great thinkers such as Plato, Aristotle, Tolstoy, and Freud about love, art, democracy, Justice or almost any topic conceived by the human mind. The Syntopicon can guide your hand to the proper volume. Your eyes are directed to423 words
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COMMODITY REPORTS AND PRICES
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Article646 1977-01-21 8 OPENING quotations In the Singapore rubber market yesterday were about unchanged, but prices fell marginally later on long liquidation and forward offerings, dealers said. February was traded at a low of 204.00 cents, after which It fluctuated fractionally. Short-covering of physicals at the lower levels was well met.646 words
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Article95 1977-01-21 8 DAILY 88R and SMR price* at noon yesterday: refc Mar R.A.S. (Correal Mth) (Fer ward Mth) Buyer Seller* Bayer Seller* lUperk#) (CM »t* per kg) SSR20 (1-ton Pallet) 190.00 191 00N 191.90 192. SON SSRSO (1-ton Pallet) in .so 1M.S0N 189.00 190.00N M.R.E.L.B. SMR5CV (1-ton Pallet) 223.5095 words
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Article250 1977-01-21 8 THE Straits tin price In Penang yesterday was up $39 to $1,418 on an official offering up 23 tonnes to 290 tonnes. In LONDON yesterday, tin made modest net gains of around £12 for Cash and £10 for Throe Months in both contracts at the midday closing Following250 words
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Article26 1977-01-21 8 Rubbar: Jab 3D Singapore: Feb. 203.60 (down 1.2S cU.) Malaysia: Feb. 300.00 I.M eta) 11.***** (ud 130.00) Official aflErinf: 250 tomes (op 23 imn)26 words
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Article113 1977-01-21 8 THE following Palm Otl prt prices an df Rotterdam and stated eas win quoted In London on Wed need ay The are quoted In US dollar per ton unleea otherwlee Malaysia 9* (fa bulk Mch/Apl unch rm. Ml air Sumatra SH Jan M Mar A?k*t Nigerian 9% ffa113 words
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Article289 1977-01-21 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut OU: Bulk M 3 teller*, old drum 188 sellers, new drum 883 sellers. Copra Mixed (loose) UK/Cont 853 buyers. Pepper: Muntuk ABTA white f ob 100% NLW 8343 sellers, Sarawak white f o b. 88% NLW 832S289 words
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Article98 1977-01-21 8 LONDON, Thurs. Zinc fell by £1.75 per tonne for Cash and £2 for Three Months. Prices followed the general trend In other base metals with Three Months trading up to £427 per tonne In the pre-market although the higher levels soon brought out liquidation. Final ring and kerb business98 words
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Article358 1977-01-21 8 IN the Singapore gold market yesterday, the kllobar changed hands in the range of 5510,300 to $10,580. Volume was light as dealers stayed on the sidelines ahead of the sixth IMF gold auction on Jan 20, 1977. On a loco London basis, the market opened at U*****.80/133.30 and drifted358 words
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Article202 1977-01-21 8 LONDON, Thurs. Stiver rose by 1.3 to 1.0 pence per troy ounce In moderately active dealings of 79 lots. Prices edged higher throughout the earlier part of the morning under buying encouraged by overnight New York and steadiness In gold, trade sources said. As well as an improved level202 words
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Article116 1977-01-21 8 LONDON, Thurs. Lead closed with losses of £1.80 per tonne for Cash and £2.50 for Three Months. The metal rallied in sympathy with copper and fresh speculative support took Three Months up to a new high of £356 per tonne during pre-market dealings. Profit-taking developed quietly, however, and by116 words
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Article356 1977-01-21 8 LONDON, Thurs. Coffee futures were Irregularly traded at the opening call and by the close, values were £43 to £55 down from Wednesday night. Volume was 692 lots. May traded within a high/low range of £2,575 to £2,£31 but closed £56 down at £2,566 traded and offered. Market sources356 words
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Article177 1977-01-21 8 CHICAGO, Wed. Soybean futures closed with prices 7fc cent a bushel higher, led by the January, to six cents lower. Speculative buying In the January was stimulated by reports of rail car loadings In Chicago for export shipment from the east coast. Bull spread buying of nearby contracts and177 words
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Article91 1977-01-21 8 CHICAGO, Wed. Wheat futures finished a light trade with most prices fractionally higher. Prices drifted to either side of the previous close but held to a two-cent range during the session in the mixed dealings. There was little fresh news to directly stimulate trade but small gains registered by91 words
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Article258 1977-01-21 8 LONDON, Thurs. Copper wire bars gained mostly £3.90 per tonne. Dealers said there was a sharp mark-up In the premarket on a burst of shortcovering which took Three Months up t0£987 per tonne following the news of Asarco's two cents per lb price rise to 87 cents. The mgner258 words
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Article275 1977-01-21 8 LONDON, Thurs. Terminal opened £1.50 down to unchanged from Wednesday's closing levels but up to £1 above the kerb close. Sales totalled 1,215 lots. Dealers said the undertone was steady with trade selling meeting good support on any dip. The withdrawal of Cuba as a seller was causing speculation275 words
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Article212 1977-01-21 8 BANGKOK, Thurs. Indicative prices for rice quoted In Bangkok yesterday were: (US dollars per tonne fob basis Bangkok) White Rice 100 per cent Ist clan 2M 100 per cent 2nd class 273 100 per cent 3rd class 268 5 per cent 200 10 per cent 238 20 per cent212 words
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MONEY AND EXCHANGES
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Article511 1977-01-21 8 DEALERS reported a sluggish domestic money market yesterday, with trading activity primarily centred on overnight funds and patchy Interest in the terms. Overnight opened at the 3 Vfc per cent to three per cent levels in the morning and by closing time had dropped to 2 per cent. Dealers511 words
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Article125 1977-01-21 8 Asian rates ASIAN currency depoatt interbank rate* u at cloee on Jan 20 U8 DeUan<8pet) Offer BM 1 days 1 mth ImUu 3 mtlu 6 mtlu Imtlu 12 muu 4 7/« 4 3/4 Pn. Dm*. (■Mil prteee) Imth 3mtlu mth* 11 mth* 11/4 4 va Imth 3 mtlu mtlu IS125 words
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Article49 1977-01-21 8 p '.'JM 1U ftrcd by d 1. IK 1 4 I/M 4 7/1# 4 #/l« Overnight l\ to 3*1% Call d«pocit 2S to 3* a B«y 3-Month Treasury Mil* 3 1/S 3-Monti) Bank* MlU 4 VI# 3-Montha CD 4 5/1 t-lfonthCD 4 1/4 Source: National Discount Co.49 words
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Article147 1977-01-21 8 Euro rates LONDON, Thurs. Near period Eurodollar deposits opened higher reflecting the loss of the Friday dealing technicality, while longer and day-to-day rates were little changed, dealers said. Movements were minimal in early trading apart from overnight funds which eased to 13* 13 from opening of 13* 13* in offered147 words
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Article256 1977-01-21 8 LONDON, Thurs. Sterling lost ground In fairly active early trading as sellers emerged following the recent firm trend in the currency, dealers said. Some said the Bank of England may have given small support to sterling as It slipped to around $1.7160/65 from $1.7180/83 overnight and the New York256 words
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Article206 1977-01-21 8 NEW YORK, Wed. The dollar closed slightly weaker, while the Canadian dollar strengthened sharply In late trading following a large external bond conversion, dealers said. The conversion began the upward move and triggered short-covering among unprepared operators. The market until then had been positioned for a fall In206 words
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Article106 1977-01-21 8 HONGKONG, Thurs. The US dollar declined to HK54.6820/50 In late trading, compared with Wednesday's late $4-6970/80, amid general lack of Interest in the US unit, dealers said. They reported early European sales of the US currency, which also eased against several European currencies. The US dollar was quoted at106 words
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Article137 1977-01-21 8 TOKYO, Thurs. The U8 dollar for overnight delivery closed higher at 290.50 yen compared with 280.70 yen at the opening and 289.40 yen at Wednesday's close In reaction to the heavy fall. Dealers said buying Increased to cover import settlement and remittance needs as well as short positions as137 words
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Article53 1977-01-21 8 Minimum lending rates (in ACBC Alcemene Bank .6* Bangkok Bank ..7* Bank of America 8% BankofChinu .7 Bank of Tokyo Bank Negara Indonesia 7* Chartered Bank g* Chase Manhattan 9% DBS flW First Chicago 6% Citibank 6%. H8BC 7 Indosues 8% Malayan Banking Mitsui Bank .g* OCBC oub UCB 753 words
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Article52 1977-01-21 8 AUSTRALIA/ NZ exchanges quoted on Jan 20 Australia: Sterling 0.6354/ 0.6284 US dollar 1.0897/ 1.0849 Ninety-day air mall buying rates: Sterling 0.6654 US dollars 1.1157 Ninety-day forward buying rates: Sterling 0.6531 US dollars 1.0954 New Zealand: Sterling 0.5546/ 0.5516 US dollar 0.9581/ 0.9481 Ninety-day forward rate: Sterling 0.5922 US52 words
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Article41 1977-01-21 8 ZURICH exchanges quoted on Jan 19 US 2.5075-5083 UK 4.3040-3070 Can 2.4740-4760 W Germ 104.00-08 Neth 99.40-49 France 50 26-29 Belg 6.7714-78 uenm 42.15-19 Norw 47.08-12 Swed 58.96-59.00 Italy 0.2841-2844 Austria 14.64-66 Port 7.77-79 Spain 3.64tt-65 Arg 0.85-1.00 Japan 0.86^-8741 words
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Article32 1977-01-21 8 FRANKFURT exchanges opening quotes on Jan 20. US 2.4042/57 Can 2.3810/30 UK 4.120/135 Neth 95.40/55 Swltz 95.93/96.08 Italy 2.718/730 France 48.25/40 Norw 45.13/23 Belg com 6.500/515 Belg fin 6.43/44 Japan 0.8215/3032 words
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Article296 1977-01-21 8 LONDON, Thurs. Eurobonds were mixed overall In moderate or quiet turnover, dealers said. Canadian dollar Issues also steadied after being generally easier this week, and some Issues tended slightly firmer, but trading remained light. Oullder bonds tended easier b? up to M point in some selling interest while296 words
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Advertisement113 1977-01-21 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times 'A 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 (excluding113 words
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Article, Illustration980 1977-01-21 9 D LASCELLES - Shipping Soviet bloc nations sinking the West IN 1976 the Soviet bloc countries accounted for about 10 per cent of all shipping built. By 1980 this figure will probably be well over 35 per cent. The difference will be lost by Western shipyards. By D LASCELLES Financial Times THERE wasFinancial Times - 980 words
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230 1977-01-21 9 KUALA LUMPUR, Thurs. The Malayan Railway plans to start a weekend railcar service between Kuala Lumpur and Haadyal. Malayan Railway deputy general manager, Enclk Abu Othman bin All Beshah said today it was discussing with the Tourist Development Corporation and tour operators on arrangements230 words
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469 1977-01-21 9 Washington Star WASHINGTON, Thurs. The Ford administration carried Its running battle with Amtrak down to President Ford's last days In office, this time In the fiscal 1978 budget, which recommends a substantial cut In what the rail passenger agency says ItWashington Star - 469 words
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Article, Illustration353 1977-01-21 9 ARRIVAL TODAY KEPPEL WHARVES Bunga Gelang (0600) 18 Dona Montserrat (2000 after Namyang Crown) 35/34 Fan Lee (HOVQ 0000) 32 Hong Shen (0700) 22 Kalgo (3EAA 1230 Draft 9.5 m) 15/10 Kota Ratna (0700 after Gtnyu Mara) 25/20 Lumut (1800) 21 East Pebble Beach (1000) 33/34 Rasa Sayang353 words
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410 1977-01-21 9 PENANG, Thursday PENANO's, expanded civil airport at Bayan Lepas will be ready to take in larger and heavier aircraft, Including the Boeing 747 Jumbo Jet, towards the end of April or early May, Communications Minister Tan Sri V. Manlckavasagam said In Penang yesterday. "The410 words
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132 1977-01-21 9 AP WASHINGTON, Thurs. The United States Federal Communications Commission has approved plans for a new domestic satellite communications service for business use that has been trying to get off the ground since 1971. It authorised Satellite Business Systems by a 5-0 vote to construct andAP - 132 words
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Article197 1977-01-21 9 AP LONDON, Thur». Trading was dull yesterday In all sectors of the London freight market and It was difficult to assess accurately any change In rate tone. But steady payments were noted on US Oulf and US North Pacific grain trades to the Far East. The 'CarlovaAP - 197 words
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Article104 1977-01-21 9 Reuter WASHINGTON, Thurs. United States Secretary of Transportation William Coleman signed the licences for construction of offshore super tanker parts in the Oulf of Mexico. Mr. Coleman said on Dec 17 he had approved the ports, but had to file the licences for 30 days withReuter - 104 words
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Article79 1977-01-21 9 Reuter LONDON, Thurs. The UK Trade Department has failed to reach overall agreement with the US Federal Aviation Authority on Transatlantic charter flights In 1977. But the UK will continue to approve advance booking charters orglnatlng from the US, and will cut the recognised listing- periodReuter - 79 words
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Article603 1977-01-21 9 ARRIVALS failw Local Opera CPA MAS PAA JAL tar Naafc exoos MH682 PA841 JL712 w Tb 0145 0610 0050 1000 m From HKQ 8FO/HNL/QUM HLP SIA OLA QIA 8Q211 QA980 QA906 1010 1030 1100 HLP HLP MBS PAL KLM PRS01 KL8SS HIS 1150 MNL AMS/ATH/ KHI/CMB RBA603 words
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Advertisement493 1977-01-21 9 4?' THE DEBT a TRAP HOW TO SURVIVE THE SLUMP Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their493 words
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Article, Illustration526 1977-01-21 10 LESLIE COLITT - Germany is expecting a growth rate of 4.5 per cent this year, but it will not be enough to stop unemployment getting worse By LESLIE COLITT Financial Times THE thorny question whether West German unemployment could be reduced by shortening working hours has been exercising theFinancial Times - 526 words
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Article, Illustration668 1977-01-21 10 JOHN VINOCUR - By JOHN VINOCUR AP PRESIDENT Valery Discard d'Estalng, congratulated by Arab ambassadors for Prance's role In the Abu Daoud affair, begins a state visit to Saudi Arabia on Saturday. Aides say the trip Isn't expected to bring spectacular results. In conversationsAP - 668 words
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Article, Illustration698 1977-01-21 10 ELIAS ANTAR - By ELIAS ANTAR AP SAUDI Arabia, the world's biggest oil exporter, Is undertaking a US$l2-bll-llon programme to become the world's largest producer of fresh water from the sea. And, If the visionary royal technocrat In charge of the desalination programme has hisAP - 698 words
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Article651 1977-01-21 10 THOMAS LAND - Young people lacking industrial experience comprise perhaps the most vulnerable group among the unemployed whose numbers have risen throughout the Western world to levels unprecedented since the Great Depression of the *****. Canada is preparing a set of novel schemes aimed at promoting the employmentOFNS - 651 words
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Advertisement195 1977-01-21 10 MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE r ASIA RESEARCH BULLETIN V. 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. The Bulletin195 words
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352 1977-01-21 11 PENANO, Thurs. Southeast Asian central bank governors said yesterday they expect a continuation of 1976 economic growth this year for their countries, although Inflation might remain a problem. A communique Issued at the end of the three-day 12th conference of governors of352 words
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242 1977-01-21 11 UPI RAWALPINDI, Thurs. The opposition bloc charged yesterday that Prime Minister Zulflkar All Bhutto's Government has begun rigging the March 7 general elections. Professor Ghafoor Ahmad, a spokesman of the extreme rightist Jamaate Islaml, told a news conference three opposition candidates from Slnd, Mr.UPI - 242 words
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197 1977-01-21 11 UPI JAKARTA, Thurs. The worst floods in nearly a century swamped Jakarta yesterday, inundating nearly two-thirds of the capital city and forcing the evacuation of 100,000 people from the worst-hit areas, officials said. At least one person was reported killed in the floods, spawned by twoUPI - 197 words
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Article150 1977-01-21 11 AP TOKYO, Thurs. Debtridden North Korea says it has "completely fulfilled" its six-year industrial plan for 1971-1976. Pyongyang's Korean Central News Agency, in a broadcast monitored in Tokyo today, called the achievement a "brilliant victory" that has laid "a solid foundation to confidently hit the 10 vastAP - 150 words
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Article158 1977-01-21 11 AP TOKYO, Thurs. Japan agreed today to provide Iraq with US$l billion (512.45 billion) in credits to help the oil producing nation deveSiU industrial projects, e agreement will be signed tomorrow. TTie agreement came in the first Japan-Iraq joint committee meeting attended by IraqAP - 158 words
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Article130 1977-01-21 11 UPI TOKYO, Thura. The Ministry of International Trade and Industry (MITI) has set a target of between US$l5 billion (8136.75 billion) and $20 billion of Japan's exporta of induatrial plants in the 1977 fiacal year starting April 1. It said plant exporta should be stressedUPI - 130 words
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112 1977-01-21 11 A MAJOR International bank registered four writs of summons in the High Court here seeking to recover nearly $500,000. Banque de l'lndochlne et de Suez, represented by Donaldson and Burklnshaw, issued one writ against Concrete Chemical Compounds and Thau Jee Lin trading as112 words
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Article90 1977-01-21 11 Reuter TOKYO, Thurs. Bank of Japan Governor Teiichiro Morlnaga said the rise in the yen against the dollar In the past few days reflected a natural trend arising out of the demand-supply relationship in the market. Mr. Morlnaga told a press conference there has been someReuter - 90 words
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783 1977-01-21 11 UPI TOKYO: Since 1952, when the late Dwight Elshenhower assumed the Presidency in the midst of the Korean war, every new US President has entered office burdened with problems in Asia in most cases, problems encompassing active American participation in a war. When JohnUPI - 783 words
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483 1977-01-21 11 54 COUNTRIES INVOLVED Reuter GENEVA, Thurs. Delegations from 54 countries have begun discussing how to follow up proposals for stabilising the world rubber market, after the Industrialised consumer states responded cautiously to calls by producers for early negotiations on an international agreement, conference sourcesReuter - 483 words
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408 1977-01-21 11 UPI HONGKONG, Thurs. China's official New China News Agency (NCNA) said the Soviet Union was making serious economic Inroads Into Australia. The main instrument in the Soviet Union's alleged economic infiltration is the "Moscow Narodny Bank", according to an article by an unidentified NCNA correspondent underUPI - 408 words
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280 1977-01-21 11 PENANO, Thurs. The Metal Industries Employees' Union, North Zone, yesterday claimed that more than.l,ooo electronic workers in Bayan Lepas had been retrenched at short notice. The workers were not given any reason for termination of their services or adequate compensation by their employers,280 words
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Article44 1977-01-21 11 FIRST Overseas Credit (FOCL) has filed a writ in the High Court here claiming $186,140.30 from a firm of shipbuilders, Mipe Shipbuilding and three others. FOCL, represented by Goh and Chua, alleged that the sum Is due under a hire purchase agreement.44 words
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Article310 1977-01-21 11 Reuter TOKYO, Thurs. Japan considers It necessary to have Its own facilities for reprocessing spent nuclear fuel, but will not put such a plant Into operation without US agreement, a foreign ministry spokesman said yesterday. He was commenting on a Washington report quoting StateReuter - 310 words
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Article124 1977-01-21 11 Reuter RANGOON, Thurs. Laotian President Souppanouvong has reiterated his country's desire to seek peace and friendship with other South-east Asian nations. Speaking at a state banquet last night given by Burmese President Ne Win. Prince Souphanouvong said the founding of the Lao People's Democratic Republic in December,Reuter - 124 words
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Article78 1977-01-21 11 THE Indian Minister for Industry, Mr. T.A. Pai, will gave a talk on "Industrialisation in a developing economy'' on Jan 27. Organised by the Singapore Institute of Management, the talk, starting at 5.30 p.m., will be held at the SIM conference room at Thong Teck Building in Scotts78 words
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Article41 1977-01-21 11 Reuter ROME, Thurs. Banco di Roma said it opened a representative office In Kuala Lumpur. It already has offices In Tokyo and Singapore, and the new office will help develop Italian trade with the Pacific area, it said.Reuter - 41 words
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Article, Illustration412 1977-01-21 11 AP TOKYO, Thurs. A lottery to allocate seats among spectators and tight security precautions are part of the preparations for former Japanese Prime Minister Kakuel Tanaka's trial on charges of taking a US$l.7 million (554.18 million) bribe from the Lockheed Aircraft Corporation. ScoresAP - 412 words
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132 1977-01-21 11 UPI HONGKONG, Thurs. A Chinese official reemphasised yesterday that the proposed Sino-Japanese peace and friendship treaty must include an antihegemony clause. Mr. Liao Cheng-chih, president of the ChinaJapan Friendship Association, reiterated China's "consistent stand" in his speech at a banquet he gave in PekingUPI - 132 words
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Article21 1977-01-21 11 Reuter NASSAU, Thurs. Bahamas is to establish a 320-km economic zone for the archipelago, a government spokesman said today.Reuter - 21 words
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Advertisement878 1977-01-21 11 APPOINTMENTS GROUP ACCOUNTANT A large international company requires an independent man to fill the above appointment. The right candidate should possess the following: a. Qualifications recognised by The Singapore Society of Accountants. b. Minimum of five years working experience in a large international company. c. Age: 30 and above. d.878 words
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Article195 1977-01-21 12 THE NTUC may make representations to the Government over the payment of the annual wage supplement which has resulted In controversy In some companies. Its Industrial affairs council, which was entrusted with the task of ensuring that NWC guidelines were adhered to In substance, has195 words
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Article57 1977-01-21 12 Reuter LONDON, Thurs. Mrs. Margaret Thatcher, leader of the British Conservative Opposition Party, will visit Japan in April in addition to China and Hongkong, Informed British sources said on Wednesday. She will discuss world problems during the tour, the planned visit to China and HongkongReuter - 57 words
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Article806 1977-01-21 12 LONDON. Thurs The stock market closed firmer In light trading and at 3 p.m.. the Financial Times Index was up 5.5 at 387.1. Early uncertainty among equities gave way to small demand with stock shortage continuing to distort price movements In some Issues. Government bonds firmed up to806 words
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295 1977-01-21 12 Reuter MANILA, Thurs. Offshore banking in the Philippine* could offer greater depth than elsewhere in the region because there is a limited access being allowed to the domestic market, Central Bank Governor Gregorio Licaros said. Addressing a two-day seminar of offshore banking, Mr. LicarosReuter - 295 words
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Article126 1977-01-21 12 MALACCA, Thurs. Government agencies and private developers have plans for the construction of 482,800 units of housing, mainly low-cost, under the Third Malaysia Plan, Housing and Village Development Minister Michael Chen said here today. The proposed housing projects, to cost about M 54,000 million If126 words
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609 1977-01-21 12 'WHITE ZONE' PLAN TO FLUSH COMMUNISTS Reuter UPI BANGKOK. Thurs. The Thai Government has officially declared 35 of the nation's 71 provinces communist-Infested, apparently as part of a plan to create so-called free-fire zones. One of the provinces listed in the latestReuter; UPI - 609 words
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357 1977-01-21 12 UPI TOKYO, Thurs. Japan's trade with China declined by about 19 per cent In 1970, but may revive this year, Tokyo business sources said today They said the two-way flow of goods between Japan and China totalled about US$3 billion (557.35 billion), down sharplyUPI - 357 words
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392 1977-01-21 12 KUALA LUMPUR, Thurs Finance Minister Tengku Razaleigh Hamzah will have a dialogue with representatives of the mining industry on government duties Imposed on tin. The dialogue will be held on Feb. 15 and will also Include representatives from the Primary Industries Ministry, Bank392 words
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Article110 1977-01-21 12 HO Kwon Ping, 24, was yesterday charged for having protected Information about the army with{>ut the consent of a competent authority. Four additional charges were preferred by the public prosecutor. They alleged that he had the Information In his house on Jan 4, a day before he110 words
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Article187 1977-01-21 12 KUALA LUMPUR, Thurs. Malaysia welcomes foreign investments from all friendly countries as long as they are prepared to follow its rules and regulations. The acting Trade and Industry Minister Datuk Mohamed bin Rahmat said this today after the Czechoslovakia trade mission called on him at his187 words
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369 1977-01-21 12 THE standard of corporate annual reports produced in Singapore has Improved "significantly" over the paat two year* but there is •till extreme variation between the good and the bad among the 80 or so gubliciy listed companies Annual reports in Singapore were for a369 words
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Article182 1977-01-21 12 THE Singapore Phonogram Association has begun taking legal action against a number of companies believed to be promoting the "piracy" of records and tapes. The association, which was formed in July last year, had as one of its objectives the protection of the rights of182 words
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307 1977-01-21 12 Reuter THE Malaysian Government is likely to earn more than Ms6so million a year from its 45 per cent income tax on crude oil production profit, a Petronas spokesman said. Answering questions by telephone from Kuala LumRir, the spokesman said this gureReuter - 307 words
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Article51 1977-01-21 12 THE Chartered Bank started its two-week residential course for assistant officers at its training centre in Singapore on Monday. The course, the seventh held by the Singapore and Kuala Lumpur branches, is being attended by 12 assistant officers from Singapore, East and West Malaysia, Indonesia, the Philippines and51 words
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Article132 1977-01-21 12 The president of Brut Productions and chairman of the Faberge group, Mr. George Barrle, arrived In Singapore for a three-day visit yesterday to discus* Brut Production's forthcoming films and to get to know the local cinema scene in general. Flying In with htm in132 words
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Article243 1977-01-21 12 AMERICAN economist and monetary expert, Dr. George Betz has taken up his duties as the first professor of banking and finance at the University of Singapore. His post Is set up under the Tan Chin Tuan professorship scheme In banking and finance. OverseaChinese Banking Corporation243 words
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Article217 1977-01-21 12 KUALA LUMPUR, Thurs. Malaysia hopes to break into the "big time" In the Soviet Union with Standard Malaysian Rubber (SMR). The way has been paved for a breakthrough, the Controller of Rubber Research and Chairman of the Malaysian Rubber Research and Development Board, Tan Sri217 words
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Article232 1977-01-21 12 WHEN the new international airport at Changl is operational in three years, Singapore Airport Terminal Services (SATS) will have a catering factllty capable of producing nearly four times as many meals as at present. Mr. J.Y.M. Pillay, chairman of SATS' parent company Singapore Airlines232 words
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Article130 1977-01-21 12 THE Court of Appeal yesterday allowed leave of appeal to the Privy Council In two cases Involving two cargo vessels. Permlna Samudra XIV and Permlna 108, said to be owned by Pertamlna. The two vessels were arrested In Singapore last July on suits filed by a foreign130 words
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Article47 1977-01-21 12 UPI TOKYO, Thurs. Japan will establish diplomatic missions In Uganda, Malaysia and Paraguay this year, Foreign Ministry spokesman Kensuke Yanaglya said today. Mr. Yanaglya said the missions include an embassy in Uganda, a consulate general In Penang, and a consulate In Encarnaclon, Paraguay. UPI.UPI - 47 words
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Advertisement48 1977-01-21 12 Now. a French restaurant that truly flatters your taste for the finest. In food, service and quiet entertainment Dine by candlelight on exquisite French fare. And dance to soft music by The Belvedere Trio Come to The Belvedere Singapore's French restaurant par excellence. > m Jacket 6l tie required.48 words
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Advertisement162 1977-01-21 12 Texas Instruments H'i 1 r i lIQUE ALGEBRAIC OPERATING SYSTEM.. .THE NEW CHOICE THAT MAKES IT EASY. Mag Card Programmable Calculators 224 programming steps. 20, user memories. 9 levels of parentheses plus an 11 register stack allow up to 10 pending operations. 10 user defined keys. 72 possible labels. 5162 words
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