The Business Times, 22 January 1977

Total Pages: 12
1 12 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, JANUARY 22, 1977 50 CENTS
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  • NEWS IN BRIEF
    • 32 1 LONDON, Frl. a decision In the extradition proceedings by the Singapore Government against Jim Slater and Richard Tarllng will be given by London Chief Magistrate Kenneth Barraclough this Wednesday.
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    • 53 1 Reuter SALISBURY, Frl. British envoy Ivor Richard conferred with Rhodeslan Prime Minister lan Smith for two hours today and described their talks as "inconclusive." Mr. Richard, carrying new British proposals for guiding the breakaway colony to black majority rule, said more talks with Mr. Smith would be held
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    • 57 1 Reuter BANGKOK, Frl. The nightly curfew which has been In force in Bangkok since the Oct. 6 military coup will be reduced by one hour from Feb. 1, the Government announced today. The curfew, presently In force from midnight to 4.30 a.m. will be cut to 1 a.m.
      Reuter  -  57 words
    • 50 1 UPI BRUSSELS, Frl. The dollar and the pound edged downward against most continental currencies at the start of trading today on the European money markets. Oold was Inactive. The price rose US 12.5 cents overnight In London to $133.25, but was unchanged In Zurich at $133,125. UPI.
      UPI  -  50 words
    • 45 1 UPI CAIRO, Frl. Authorities have arrested hundreds of people in the biggest crackdown on local communists since President Anwar Sadat took office In 1970 and the action is expected to worsen already frayed relations between Egypt and the Soviet Union. UPI.
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    • 29 1 KOTA BARU, Frl. The recommendations made by the Cabinet committee on the Ibrahim All report would satisfy all parties involved. Finance Minister Tengku Razalelgh Hamzah said today.
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    • 50 1 AP PANAMA CITY, Frl. Foreign Minister Aquilino Boyd and Secretary of State Cyrus Vance will meet in Washington on Jan 31 to try to reach agreement on the year the Panama Canal will be turned over to Panama, a member of Panama's negotiating team said yesterday AP
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    • 35 1 Reuter PARIS, Frl. President Valery Discard d'Estaing begins a four-day official visit to Saudi Arabia tomorrow aimed at striking new arms-for-01l deals and strengthening France's ties with the Arab world. Reuter.
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    • 38 1 Reuter MANILA, Frl. Singapore and the Philippines will ho d tax treaty talks here on Tuesday, the Philippines' first with a member of the Association of South-east Asian Nations, a revenue official said today. Reuter.
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    • 44 1 UPI NEW YORK, Frl. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 959.86, up 0.83; 20 transp 230.61, down 0.67; 15 utlls 109.47, up 0.09; 65 stocks 315.33, up 0.03. UPI.
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  • Chief Price Changes
    • 179 1 IN an easier Stock Exchange of Singapore yesterday, tin share* continued to firm, but on a smaller scale than the previous three days. The Straits Times Tin index rose 0.63 point to 106.78. With most other shares traded lower, the Business Times index fell 5.11 points to
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    • 98 1 Falls Most active Kuchal $0.00 -T25* Haw Par 257,000 O.C.B.C. $7.80 -.15 Central Sugars 127,000 Tronoh $3 30 -.14 Pan Electric 98,000 M. Flour $2.75 -.10 U.O.B 82 000 A. Amal $3.70 -.10 Total Turnover: 1.55 M Sel. Dredging Boustead $4.02 $3.80 -.08 -.06 Total Value: M$3.20
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  • 1111 1  -  WILD SPECULATION ENDS »r QUEK PECK LIM THE vice-chairman's post at the Oversea-Chinese Banking Corporation after being vacant for more than two years has been filled. Yesterday the OCBC announced the appointment of Mr. Yong Puna How lawyer, banker and businessman well-known In
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  • 126 1 THE newly re-elected Parliament will commence sitting on Monday, Feb 7, when the Speaker will be elected by the House, a gazette notification said yesterday. Following the election, Members of Parliament will be sworn in officially before the House. The following day, President B.H. Sheares will address Parliament
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  • 128 1 THE High Court yesterday ordered the arrest of Amos W. Da we, who was made a bankrupt last October for not paying a $6.2 million debt owed to Moscow Narodny Bank Ltd. The Chief Justice, Mr. Wee Chong Jin, allowed an application by the Official Assignee and
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  • 479 1 Reuter MANILA, Frl. The twoday meetings of Economic Ministers of the Association of South-east Asian Nations (Asean), due to have ended today, dragged on into the night as they tried to resolve issues on tariff proposals and other matters. Informed sources said dlscusslons on possible
    Reuter  -  479 words
  • 571 1 SINGAPORE'S govern-ment-bond market may become considerably more active this year, aided perhaps by the Post Office Savings Bank and other Institutions taking a "more active stance in the secondary market for bond trading. This Is the view of Mr M.A. Jameson-Till, general manager of International
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  • 75 1 KUALA LUMPUR, Frl. The Strait* tin price in Penan* reached MSIOO above the International Tin Agreement ceiling with a $7.00 advance today to $1,426 per picul, dealer* •aid. They attributed the riae to continued speculative buy* inf support from Europe. Japan and America and the firmness of
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  • 193 1 AUSTRALIA has set up a special committee to examine ways in which Canberra can improve ita trade and economic relatione with the Asean countries. This was stated by Mr. Andrew Peacock, (above), visiting Australian Foreign Minister, at a press conference here yesterday. The committee,
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  • 64 1 AP MANILA, Fri. The Philippines has taken strong exception to a recent move by Canada to restrict garment exports to that country, the Foreign Office announced today. The Philippines, in a note sent to the Canadian Embassy here on Jan. 7, expressed "grave concern" over measures introduced by
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  • 314 1 Reuter LONDON, Frl. With foreign funds now rolling In, the Bank of England cut Its lending rate today by an unexpectedly bold margin. The new rate of 13.25 per cent, a reduction by threequarters of a percentage point, was lower than experts had predicted.
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  • 255 1 THE population In Singapore will stabilise at about 3.5 million In the year 2030, provided the two-child family is maintained onwards from 1975. This newest projection was given by »Dr. Margaret Loh, executive secretary of the Singapore Family Planning and Population Board (SFPPB) at a
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  • 106 1 AP JAKARTA, Fri. Foreign Minister Adam Malik said that Foreign Ministers of the Association of Southeast Asian Nations (Asean) will hold a meeting in Manila on Feb 24 to commemorate the first anniversary of the Association's summit meeting. The five member countries of Asean held their
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  • Page 1 Advertisements
    • 73 1 I >r i .11 ir Hr\t Si 'It t U J (,< in < HI A XtfUl lII' J'W > Miiymtu i hi r.j {t\/n,in\htf 5 -j CeytotiJeweUers IB Stamford M., Support 6. T«: *****6/*****7. SEE PAGE 10 Market reviewiTV 4 Radio Overseas news/ Feature* Local Co new* International Co
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    • 43 1 ?];,_!%@}\$[%~/!-]'\`%~,""\[]/< Seatec March 1-5 MKff Hyatt Hotel 1/1/ Singapore m M Seminar Exhibition a*, i' y r 'J 4fl The dredging and construction of ports for developing countries V Ap P,. Representatives in Singapore 4 S E Am f." f A v I"'* Bt.i'
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  • MARKET REVIEW
    • 198 2  -  ;-X RONALD LAM OTHER ANNOUNCEMENTS Jardine Matheson 4 Co. (SEA) wholly owned subsidiary, Jardine Matheson Holdings, has sold Its 75,000 Ssl shares, or 50 per cent, In the Issued capital of Henry Co (1973) for *****,000. The subsidiary has also sold its
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    • 497 2 FOR the first time In years, tin shares highlighted trading at the Kuala Lumpur Stock Exchange this week on the back of the strong rise In the price of the metal. And the New Straits Times Tin Index rose 9.32 points to 107.92 As for the rest of
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    • 319 2 Reuter SHARE prices retreated to lower level* across the board in a demoralised trading session on the Sydney Stock Exchange this week. Despite sporadic buying forays, particularly Into key mines, including base metals, sellers held the upper hand throughout tne week. Analysts attributed the moderate shakeout
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    • 529 2  -  LONDON ■r IVAN FALLON THE London stock market has entered an almost euphoric state. Although some more thoughtful brokers are urging a sense of caution, most of the Institutions, and private Investors are throwing caution to the winds and, day by day, becoming more heavily invested.
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    • 345 2 FOREIGN exchange i dealers estimate that in the past two weeks the Bank of England may have taken as much as US$l billion into Britain's official reserves as overseas money has come back to the City of London. < The chief attraction for i the Europeans: the
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    • 242 2 SIR John Davis' rule In the mighty Rank Organisation has been far from harmonious, highly controversial and several years too long. This week, Sir John confirmed he was leaving the group at last when he retires as chairman In March many had expected him to remain on
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    • 214 2 THE scenario for Burmah this week brightened substantially on the news that the US Oovernment has finally guaranteed loans of US$73O million (551.78 billion) on seven tankers, being built In the US for It by General Dynamics. Burmah has been paying out $9 million a month on
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    • 517 2 KUALA LUMPUR, Frl. The Securities Industry Act, which governs the dealings of all securities trading firms both inside and outside the Kuala Lumpur Stock Exchange, has several flaws, according to Enclk Zulklfll Mahmood, the Registrar of Companies. These are especially with regard to the requirements
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    • 197 2 Reuter MANILA, Frl. The Philippines Government has opened the central Luzon basin north of the capital for oil exploration under a service contract basis after findings Indicated the K ae nee of hydrocarbon In area. The government's Energy Development Board (EDB) said applications for
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    • 761 2 THE announcement by the International Tin Council that It had completely exhausted its buffer stocks In a futile attempt to hold down the physical tin price found very bullish sequel In the mining section of the Singapore Stock Exchange this week. Trading among the dozen tin stocks that passed
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    • 160 2 MEXICO CITY, Fri. Heavy demand for dollar* precipitated a new run on the Mexican peso that tent it plunging by as much as 20 Eer cent yesterday and ranch banks had run out of US dollars by closing time, time. Hie Banco Nacional
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  • Page 2 Miscellaneous
    • 377 2 DC WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Jan 21 at Singapore airport: Maximum temperature 32.7° C Associated humidity 54 Minimum temperature 23.5° C Associated humidity 97 Hours of sunshine 9.45 Rainfall in millimetres nil Total rainfall for the month 58.4 Total rainy days for the
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  • OVERSEAS
    • 473 3 UPI Reuter LONDON, Frl. British Airways has high hopes the Port of New York Authority will grant moneymaking New York landing rights next month to the Anglo-French Concorde supersonic Jetliner, according to an airline spokesman. Mr. Basil Davidson, director of the
      UPI; Reuter  -  473 words
    • 99 3 Reuter MADRID, Frl. The Cabinet, having slightly defused the tense situation In the Basque country by allowing the hitherto forbidden Basque flag to be flown freely, today tackles the country's serious economic problems. There was no Indication what measures the government might take to try
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    • 1070 3  -  LEONARD SILK REPORTS ON THE PRESSURES ON WEST GERMANY LEONARD SILK NYT WHAT more can we do? That Is the standard response West Germany's political leaders and economists are giving these days to those who propose that this country expand its economy faster to
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    • 303 3 Reuter ROME, Fri. Prime Minister Giulio Andreotti yesterday unexpectedly postponed a Cabinet meeting due to decide on austerity measures to counter Italy's acute economic crisis. An authoritative source said the postponement of today's Cabinet session for a week was mainly to give the
      Reuter  -  303 words
    • 485 3 PLAN TO CURB EXCESSIVE PRICE CHANGES GENEVA, Friday Reuter THE world's leading rubber producing and consuming countries have agreed to meet here again In April or May to discuss "specific proposals" for reducing excessive price fluctuations on the world rubber market, according to
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    • 137 3 Reuter KINGSTON, Frl. The Jamaican Government Is involved In preliminary negotiations for the takeover of a major foreignowned bank and two small locally-owned banks In the island, Prime Minister Michael Manley told Parliament. He did not name the banks. The proposed takeovers were part
      Reuter  -  137 words
    • 79 3 Reuter LONDON, Frl. A USISOO million (891,200 million) International commercial loan to Iran was formally signed by the participating banks yesterday. The signing was announced by the co-ordi-nating bank, Chase Manhattan of the United States. Negotiations for the Eurocurrency loan began last April. The seven-year loan Is
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    • 109 3 Reuter ABU DHABI, Frl. Abu Dhabi has decided to build a second port adjacent to Port Zald and work has already started on a 326 million dlrham breakwater, the semi-official newspaper AlIttlhad said here. The new port Is expected to cost 2,400 million dlrhams
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    • 189 3 Reuter LONDON, Fri. Dramatic increases in awards made by US courts for personal injuries caused by defective products are putting many firms out of business, an American businesman said bere yesterday. Dr Ralph Baldwin, speaking for America's small businesses, described America's liability laws
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    • 236 3 Reuter HAVANA, Frl. The head of Cuba's state-run sugar export company Cybazucar denied yesterday that the Soviet Union was buying sugar on the world market because Cuba, its traditional supplier, could not fulfill Its commitments. Mr. Emlllano Lezcano, the head of Cybazucar, said in an interview
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    • 135 3 Reuter HAVANA, Fri. Guyana has applied for "a formal association" with the socialist economic grouping Comecon, Guyana's Minister of Industrial development, Mr. Hugh Desmond Hoyte, said yesterday. Mr Hoyte brought up hla country's request on Wednesday during the closing session of the Comecon's executive commission
      Reuter  -  135 words
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  • COMPANY NEWS
    • 1260 4 TIMBER AND PLYWOOD INDUSTRY NOTWITHSTANDING the impressive recovery staged by International Wood Products, the slump in the timber and plywood industry in 1974 has claimed a fair toll of the 10 companies listed on the Stock Exchange of Singapore. With the exception
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    • 231 4 Current Ex Date Total for Total for 1 payment Date payable the year previous v« Pahang Con. 10% Dec 3 Jan 24 10% 12.5% W«trat Bro« 12% Jan 10 Jan 24 17% 10% Cycle ft Carriage 12% Jan 10 Jan 24 18% 15%a Berjuatai 60% Dec 28 Jan
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    • COMPANY MEETINGS
    • 63 4 PRODUCTION of tin output at Talam Mines for the first nine months of the current year ending March 31. 1977 has fallen bv 28.3 per cent to 2,280 plcufs. A detailed breakdown shows that for the first quarter, tin output came to 779 plculs (979 piculs), second quarter's
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    • 1334 4  -  INFLATION ACCOUNTING By P.J. CUSTIS FT MR. Douglas Morpeth's committee on current cost accounting has done an excellent Job In producing its exposure draft on the subject in the severely limited time it was given for its completion, its approval by the Accounting Standards
      FT  -  1,334 words
    • 136 4 Reuter PARIS, Frl. L'Air Llqulde said Its subsidiary. Air Liqulde International, will buy the preference shares held by the Exxon Oil group In Liquid Air Corp of North America (LACNA) for an undisclosed sum. It said In a statement the purchase will
      Reuter  -  136 words
    • 135 4 Reuter MONTREAL, Frl BP Canada Ltd and BP Canadian Holdings Ltd plan to Invest about US$4OO million In developing recently ac- quired coal deposits in north-eastern Brltlstv Columbia, a BP Canada spokesman said. The Investment will be spread over eight or nine years, he
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    • 1233 4 On January 20 PRICES on the Chicago Board Options Exchange pointed lower as declines topped advances on Thursday, 441 to 59. CBOE volume approximated 124,052 contracts, compared with 113,436 contracts on Wednesday. OPTION JAN APL JLY STOCK Alcoa 45 UNTRD NOL NOL 58 1/2 Alcoa SO 6
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    • 136 4 Mr. Neville A.S. Mills has replaced Mr. Anthony D. Vaufchan as a director of Haw Par (I,ondon) with feet from Jan 1. 1977. Mr. James Yao Chung An was appointed a director of Industrial Electronics and Engineering with effect from Dec 15. Mr. Wong Chun Win was
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    • 170 4 THE Kuala Lumpur Stock Exchange has asked Kuala Lumpur Kepong for more information on Its proposed sale of Kepong Estate to Multi-Purpose Holdings for M 528.91 million. The exchange would like to know whether the consideration stated is payable In cash, and If
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    • 361 4 Reuter LONDON, Fri. The Royal Bank of Canada, whose Cs4o million eight per cent 1984 Eurobond was priced at par on Wednesday, appear to have borrowed at the turning point of the Canadian dollar market, bond market sources said. They said Canadian Interest rates
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    • 203 4 Reuter ZURICH, Frl. DaimlerBenz expects results for 1976 will probably be hleher than the 310 million mark profit In 1975, company chairman Joachim Zahn said. Profits were influenced by strong turnover and production growth rates as well as high and evenly balanced capacity utilisation,
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    • 26 4 HOUSTON. Frl. Zapata Corp said It has withdrawn a proposed US$4O million offering of non-convertible subordinated debentures due 1997 due to deteriorating bond market conditions.
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  • INTERNATIONAL COMPANY NEWS
    • 193 5 Reuter BONN, Fri. Basf expects group turnover to rise by some 10 per cent this year, or six per cent In real terms after allowing for inflation, management board chairman Matthias Seefelder said at a press conference here. This would be slower than last year, when
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    • 160 5 Reuter IJMUIDEN, Frl. Hoogovens said it plans to put 10.500 of its total workforce of about 24,000 on shorttime. amounting to a 30 per cent cut in hours worked over a six-week period from Jan 23. The short-time will apply to 7,900 production workers and 2,600 from
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    • 26 5 DETROIT, Frl. American Motors Corp said it is in discussions for sale of its south Charleston, W.V, stamping facilities to Volkswagen Manufacturing Corp of America.
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    • Briefly
      • 107 5 TOKYO. Frl. The Tokyo Stock Exchange said the outstanding balance of buying in margin trading on three major stock exchanges Tokyo, Osaka and Nagoya at Jan 14 rose to an all-time high of 905.5 billion yen from 902.9 billion a week previously. This was the fifth consecutive weekly
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      • 37 5 PARIS. Fri The Cs2s million 8 3/4 per cent sixyear notes for the International Harvester Credit Corp of Canada, subsidiary of International Harvester Co of Canada, were priced at par. lead manager Morgan Stanley International said.
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      • 98 5 SOAKA. Fri. Yanmar Diesel and Deere of the US agreed to form a joint venture in Japan for the development of new 27 to 60 horsepower tractors for agricultural use. Yanmar said. Yanmar-John Deere Engineering will be 51 per cent owned by Yanmar and 49 per cent by
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      • 76 5 BRUSSELS. Fri. The Belgian state's 10 per cent, eight-year loan was closed after two days, attracting subscriptions totalling 56 billion francs. Banks and savings institutions had applied in advance for 45 billion francs and the balance was taken up by direct subscription and by semi-state bodies. The
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      • 64 5 TOKYO. Frl. Sumitomo Marine and Fire Insurance said it plans to Increase issue capital to 20 billion yen from 14.50 billion through a three-for-10 rights issue of 50 yen shares at par with payment due by end-May, and one-for-20 bonus issue, both to shareholders registered at endMarch. It will
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      • 34 5 INDIANAPOLIS. Ind, Frl. Eli Lilly has raised its quarterly dividend to 35 1/2 US cents per share from 32 1/2 cents, payable on March 10, to shareholders on record on Feb 10.
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      • 85 5 ZURICH, Fri. The Swiss National Bank said the Federal Government will not make any premature redemption of outstanding bond Issues. In its monthly report the bank said premature redemptions constitute a special problem on the bond market at the moment, following the fall In Swiss bond market yields
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      • 120 5 SYDNEY. Frl. Utah Mining Australia said it will make a rights issue of ordinary shares to finance part of the cost of its acquisition of a four per cent stake in the Central Queensland Coal Associates venture. Its annual report said It plans to complete acquisition
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    • 339 5 Reuter NEW YORK, Frl. Texaco Inc said earnings from US operations rose to U*****.4 million from $449.2 million a year ago. while net Income outside the US rose to $391.3 million from last year's $381.4 million. The earnings Improvement in the US reflected higher revenue from
      Reuter  -  339 words
    • 221 5 Reuter NEW YORK, Frl. Net profit at Rockwell International rose 28.5 per cent to U5529.3 million ($22.8 million) In the first quarter ended Dec 31, 1976. The increase was achieved on a sales rise of only 8.3 per cent to $1.3 billion ($1.2 billion). Earnings per
      Reuter  -  221 words
    • 229 5 Reuter NEW YORK. Fri —The slowdown noted in the third quarter at Reynolds Metals turned into a sharp setback in the last three months of 1976, reducing the full year profit increase to only 25 per cent. In the fourth quarter, net profit plunged 37.4 per cent to
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    • 281 5 LONDON. Fri. Reporting a 10.5 per cent profit Increase in the year ended Sept 30. 1976. Tate and Lyle is looking for further growth In the current 12 months. The chairman. Mr. Jonn Lyle. said an increase in Profits Is expected in 1976/
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    • 252 5 NEW YORK, Frl. Various favourable factors, including a major turnround In Its electronics manufacturing operations, lifted last year's net profit of RCA by about 64 per cent to U*****.4 million. This was achieved on a sales Increase of only 12.5 per cent to $5.4 billion
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    • 130 5 Reuter BASLE, Frl. Ctba-Gelgy said 1976 earnings showed a considerable Improvement over 1975, although they were still greatly affected by unfavourable currency exchange rates. It gave no figures. Group net profit In 1975 was 191 million francs. While group profit has not yet reached the level
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    • 274 5 MELBOURNE. Fri. Broken Hill Pty said It arranged a As 42 million 12.5 per cent loan from a group of Australian banks and a USS4O million loan from a group of US banks. Part of the Australian loan and all the US loan have been
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    • 90 5 PITTSBURGH. Fri. Fourth quarter net profit at Westinghouse Electric rose by 15.5 per cent to U5562.4 million ($54 million) on a sales increase of 1.8 per cent to $1.68 billion ($1.65 billion). The total for the year came to $223.3 million, up 25 per cent from $178.6 million,
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  • 2093 6 Gr'* Gr'i Net 1978/77 Last div Drv yld P/E Vol Day High Low Company Sale +or- c'vr C000) High Low SECTION ONE INDUSTRIALS 175* 133 Ac ma 139 -1 12.ON 1.1 8.6 7.0 3 140 139 206 172 Alcom 204 20.0 1.3 9.8 13.0 100 60 Allied
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  • 1353 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
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  • 1318 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 lota of 1.000 units unless otherwise specified. INDUSTRIALS A. Tap* (0 398 0 458 i Afln*m*t* <1 958 2
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  • 158 6 B O T 8 1/2* 1981 (100,000) (1038 *****) D B S 8 1/2* 1982 (100.000) (99*«8 1004S) DBS Converts 6 1/2* 1991 (100.000) (96*«8 975) E I B 9* 1982 (100.000) (1038 104S) E I B 8 1/4* 1983 (100,000) (1008 1004S) I B J8 1/2*
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  • 122 6 5 1/2* 1/12/77 (1,000,000) (101.458 101.60S) 5 l/2<* 15/4/78 (1.000,000) (101 608 101.70S) 5 1/4* 15/7/78 (1.000,000) (101 388 101.48S) 6 \n% 15/8/78 (1,000,000) (103.268 103.465) 7% 1/7/79 (1,000,000) (104.808 104 90S) 5 1/4* 15/10/79 (1,000,000) (100 958 101.04S) 6 3/4* 15/6/80 (1,000,000) (102 958 103.055) 6
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  • 149 6 SINGAPORE UNIT TRUST (Manager* 1 price* for Jan 24) The Commerce 1.76 1.86 The Saving Fund 0.97 1.02 S pore Prog Fund 0.82 0.87 S pore Security Fund 1.33 1.40 S pore Invest Fund 1.05 1.11 ASIAN UNIT TRUST (Manager*' price* for Jan 24) Mai Invest Fund 1.69
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  • Page 6 Advertisements
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  • 412 7 SHARES with the exception of tin counters, continued to move on an easier bias in scattered and selective trading at the Stock Exchange of Singapore yesterday. Tin shares were steady to firm, with good price appreciations recorded in Berjuntai, Kuala Kampar, Lower Perak and Tongkah
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  • 629 7 TRADING at the Kuala Lumpur Stock Exchange continued easier yesterday. Even tin shares followed the general downtrend after having made good headway In the previous four trading days. Losses were due mainly to some selling pressure In the afternoon which led to a drop 3.14
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  • 49 7 TOKYO. Frl. Kumagai Gumi said It will make a private placement of US$l5 million of 7.75 per cent, five year bonds at 99.75 per cent In Europe on Jan 27. Sumitomo Bank will guarantee the bond with Dalwa Europe and Sumitomo Finance International lead managers, it added..
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  • WALL STREET AND OTHER OVERSEAS MARKETS
    • 1028 7 NEW YORK: Big name growth stocks led a sharp stock market decline In heavy trading on Thursday. The festivities In the nation's capltol, where Mr. Jimmy Carter was Inaugurated as the 39th president of the United States, caused no particular reaction on Wall Street. Mr. Carter called for
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    • 377 7 PARIS: The market eased In very quiet trading on Thursday with the exception of steels, which were maintained, dealers said. The slight rise In call money to 9 15/16 per cent from 9 7/8 Kr cent made little Impact. The intemps group, which announced the loss of between 800
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    • 430 7 SYDNEY: Prices were again generally lower In many sectors on Friday, although some selective buying Interest was seen In a few leading issues, dealers said. The Sydney All-Ordlnarles Index rose 0.03 point to 441.19. Among miners, Utah lost 10' cents to A 14.75 after saying it plans a right
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    • 275 7 ZURICH: The stock market firmed slljrhtly in livelier trading on Thursday bolstered by the Wall Street nuly. Dealers said interest remained selective and sains were generally small. In banks Bmnkfcwellschaft and Volksbank rose due partially to expectations of good 1976 results. Forbo and Interfood "B" moved higher In flnanclals.
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    • 344 7 TORONTO: Share prices retreated widely over the last hour of trading on the Toronto Stock Exchange on Thursday, paced by sharp declines among the oils, as the composite Index closed off 2.4 points In moderate trading. Ranger Oil dropped 1 to 22 Vt on 39,200 shares, Voyager lost 1
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    • 458 7 HONOKONO: The market closed narrowly mixed In quiet trading on Friday firming slightly In the afternoon after being lower at the end of the morning session, dealers said. The Hang Seng index fell 0.07 point to close at 442.33. Prices opened firm in line with London prices, but then
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    • 159 7 BRUSSELS: The market was sharply higher following the rise on Wall Street, although trading remained quiet on Thursday, dealers said. Rises Included Sidro, Sofina, Traction, Unerg, Geomines, GB-Umno-GM, Gevaert and TabacoAna. Cockerill, CBR and Arbed fell against the trend. UK stocks remained firm, US Issues rose. Oermans were lower,
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    • 404 7 JOHANNESBURG: Golds closed 3uletly steady on Thursday, ealers said. Wednesday's gold mining quarterly reports had little market effect. Mining financial shadowed producers with GFSA 20 cents higher at 1920, and Mid Wiu five to 360. Charter rose 20 cents to 360 and De Beer* slipped to 383 cents after
      404 words
    • 338 7 AMSTERDAM: The market continued to fall back although a later rally saw some actively traded shares began to recover on Thursday. Dutch Internationals were on balance lower with Hoogovens leading declines to close 1.50 guilders down after announcing short time working for nearly half Its workforce. Philip* also fell
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    • 270 7 FRANKFURT: Most leading shares closed up to three marks lower on large scale sales, partly set off by the bond market weakness on Thursday, dealers said. Manne»mann fell 3.70 marks. BBC fell seven marks. In the chemical sector Bayer lost 1.40 marks. Engineering shares fell up to 2.50 (Demag).
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    • 493 7 TOKYO: Share prices firmed In fairly active trading on persistent selective buying in blue chips and populars on Friday, dealers said. The Dow-Jones average rose 19.67 to 5,001.93 with volume 330 million shares. The new index closed at 380 44. up 1.96 Dealers said interest was stimulated by active
      493 words
    • 80 7 JAN 21 Bahts Asia Fibre 120 -1 Bangkok Bank 24) -2 Bangkok Invest 138 -11 Bangkok-Metro-politan Bank Bata Berll Jucker 162 4-1 Charoong Thai Wire 100 -1 Dumex DusltThanl Faber Merlin First Trust Indo-Thal 175S unch J And J Ho 102 -1 Jalaprathan Cement 83 -1 Karnasuta Lee Kwang
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    • 150 7 MILAN: Stocks were mixed In relatively quiet dealings on Thursday, with most operators awaiting new developments In talks between unions and industry on labour costs, dealers said. Anic, Aaateurastoni In Wl Generate Immobiliarr and Snia Viacoaa eased. Baatogi, Mediobanca. Montedison, both Olivettia and both Pirellia gained. Fiat also firmed
      150 words
    • 151 7 MANILA: The market closed firmer on Friday with small gains across the board In dull turnover, dealers said. The mining sector led gainers, with a seven per cent rise by Marinduque. Picop and Globe Mackay led gains In commercial and Industrial Issues The continued metal price advances again supported
      151 words
    • 66 7 FINANCIAL TIMES INDUSTRIALS Thursday 386 9 Wednesday 381.6 Week Ago 363.3 DOW JONES AVERAGE INDUSTRIALS Thursday 959 03 Wednesday 968.67 Week Ago 976.15 LONDON DOLLAR PREMIUM Thursday 109 to 109S% Wednesday 113 to U3Vitt H.K. HANG SENG Thursday 442.40 Wednesday 439 52 Week Ago 437.98 SYDNEY INDUSTRIALS Thursday 363.15
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    • 77 7 NEW YORK. Fri. Fourth quarter net profit at Republic Steel Corp rose by 9.6 per cent to U559.24 million from $8.43 million on a sales increase of 18.7 per cent to $588.8 million ($495.9 million). This reduced the full year shortfall to only 8.8 per cent at $65.87
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    • 60 7 BOSTON, Fri. United Brands said It again passed quarterly dividends on Its US$l.2O series "A" cumulative convertible preference stock, $3.00 cumulative convertible preferred stock and $3.20 series "B" cumulative preference stock. The company said it last paid dividends on these Issues in September, 1974. It said the three
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  • Page 7 Advertisements
    • 339 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar ma/am! Because Penguin books are rather special- They are mind-stimulating, deeply researched, entertainin 9 n a wholesome way, highly educational qU te Uf ke the 17,30 that
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  • COMMODITY REPORTS AND PRICES
    • 533 8 PRICES In the Singapore rubber market yesterday were marked down at the outset following easier London advices. Thereafter, the market fluctuated marginally either way as light liquidation alternated with short-covering, dealers said. Prices fell back slightly during the morning, with February RSS One buyers quoted at 202.50 cents
      533 words
    • 106 8 DAILY SSR and SMR prices at noon yesterday: R.A.S. Feb. (Current Mth) Buyer* Seller* (centa per kg) Mar. (Forward Mth) Buyer* Seller* (cent* per k«) SSR 20 SSR 50 (1-ton Pallet) (1-ton Pallet) 189 00 188 50 190 006 181 50N 190 50 188 00 191.SON 189.00N
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    • 115 8 THE following Palm Oil prices were quoted in London on Thursday. The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated Thursday Prev Malaysia 5% I fa bulk Mch/Apl unch 463 sir Sumatra 5% Jan 465* 467 V,* Feb 495* 467 V
      115 words
    • 183 8 THE Straits tin price In Penang yesterday was up $7.00 to $1,425.00 on an official offering down 25 tonnes to $225 tonnes. In LONDON yesterday, renewed firmness at the mid-day closing, lifted prices for standard cash tin by £50 and Three Months, £40. High grade showed rises of
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    • 26 8 Rubber: Jan 21 Singapore: Feb. 203.25 (down 0.25 cts.) Malaysia: Feb. 208.00 (unch) Tin: $1,425.00 (up $7.00) Official offering: 225 tonne* (down 25 tonnes)
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    • 59 8 SHIPMENT of Straits Refined Tin from Penang for the period Jan 1 to 15, 1977 Destination Shipped Afloat tonnes tonnes Africa Australasia 2.00 Canada Continent 1,260.00 35.00 India 111.25 50.00 Japan 483.00 30.00 West Asia 63.00 Pacific 70.00 5.00 Singapore 1.50 S. America United Kingdom 115.00 USA 1,374.00
      59 words
    • 64 8 LONDON, Fri. Lead closed with gains of about £two per tonne for cash and £2.50 for Three Months. Prices were given an early boost by the US producer price increase of 1.50 cents to 28 cents per lb, dealers said. Final ring business was at £352.50 per tonne in
      64 words
    • 41 8 LONDON, Frl. Zinc was £0.75 per tonne higher for Cash but unchanged for Three Months. The position subse- quently slipped back under liquidation and some hedge selling which produced final business in the ring at £422.50. Sales were 1,350 tonnes.
      41 words
    • 261 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICL'L YESTERDAY. Coconut CM Bulk $83 sellers, old drum $88 sellers, new drum $93 sellers. Copra: Mixed (loose) UK/Cont. *53 Buyers. Pepper Muntok ASTA white Jo b. 100% NLW $340 sellers. Sarawak white f ob 96% NLW $320 sellers. Sarawak
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    • 316 8 IN the Singapore gold market yesterday, the kllobar was traded between 5110.560 to $10,610. Volume was moderate and demand tapered off towards the close when the price hit the highs of the day. On a loco London basis the market opened at U*****.60/ 133.00 and closed at $133.10/ 133.40
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    • 259 8 LONDON, Frl. Copper wlrebars finished the morning with gains of £7.50 per tonne for cash and £5.50 for Three Months. Dealers said Initial strength on the pre-market reflected the steady close at New York and expectations of a small decline in warehouse stocks this week. Three Months traded up
      259 words
    • 124 8 LONDON, Frl. Silver finished 0.6 pence per troy ounce higher to 0.5 pence lower. Trading Interest was light, and apart from a narrowing in the Contango, which dealers suggested was In anticipation of a cut in UK Interest rates, the market presented no new feature. Carries accounted for the
      124 words
    • 164 8 LONDON, Frl. Terminal I opened officially easier with prices at the end of the call £0.20 to £1 above yester- day's closing levels after In- itlal business at upto £1.75 higher. Sales totalled 842 lots. Some of the selling was probably liquidation of a hedge following reported operator purchases
      164 words
    • 478 8 THIS week's rubber trading followed a very similar pattern to that of the previous week, with prices showing a small setback of 2% cents per kilo, said Holiday, Cutler and Bath in its weekly rubber report. Turnover varied from active to very quiet, with the
      478 words
    • 284 8 LONDON, Frl. Robusta futures rose sharply by around £120 at the opening but later settled back to end the call barely steady, £95 to £73 per tonne up from Thursday night, volume was 540 lots. Mch gained £95 at £2,660, having traded between a high of £2,695 and a
      284 words
    • 72 8 CHICAGO, Thurs. Wheat futures closed with fractional gains after fluctuating narrowly to either side of Wednesday's close In a light trade. Lack of significant news limited trading interest and prices eased under the influence of commercial and professional selling and weaknesses in other pits. Professional buying later generated enough
      72 words
    • 92 8 CHICAGO, Thurs. Soybean futures closed 5 1/4 cents a bushel lower, led by the expired January contract, to four cents higher. After firming at the opening, upward momentum was lost. Liquidation and sepculatlve selling In turn forced prices down. The weakness also prompted unwinding of long nearby short deferred
      92 words
    • 227 8 BANGKOK Indicative prices for rice quoted in Bangkok yesterday were: US dollars per tonne fob basis Bangkok In HONGKONG, the market was quiet, with prices down 20 cents to 50 cents. The day's turnover totalled 275 tons, comprising Thais 98 tons, Kwangtungs 120 tons and Australias 57 tons. Arrivals
      227 words
    • MONEY AND EXCHANGES
      • 434 8 AN EASIER tendency was reported in the ACU/USI counter with dealers witnessing falls of between per cent and 1/16 per cent from the opening level yesterday. Dealers attributed the fall to market adjustments to the over-reaction following Mr. Carter's economic package announcement and to the US Federal Reserve System
        434 words
      • 160 8 Asian rates ASIAN currency deposit Interbank rates as at close on Jan 21 US Dollar* (Spot) Offer Bid days 47/8 4 3/4 1 mth 51/4 51/8 2 mths 51/4 51/8 3 mths 5 5/16 5 3/16 6 mths 53/4 55/8 9 mths 5 15/18 513/16 12 mths 81/16 515/16 S».
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      • 53 8 RANOE on prices ottered by dls count houses on Jan 21 Overnight 1'* to 3 1 Call deposit 2N to 3'*% ClMiac Buy Selling 3-Month Treasury bills 3 l/l 3 3-Month Bank bills 4 3/16 4 1/16 3-MonthsCD 4 9/16 4 3/8 6-Month 4 11/16 4 9/16 Source:
        53 words
      • 56 8 RESULTS of Treasury Bills tender held on Jan. 21 for 91-day Treasury Bills to be Issued from Jan 24 to 28. Offered: $30 million Applied for: $52 million Alloted: $30 million Accepted bids: $99.24 approximately 72 per cent; higher bids In full. Average rate of discount on
        56 words
      • 56 8 Minimum lending rates (in ACBC 6*« First Chicago Algemene Bank 6* Citibank 6*, Bangkok Bank 7* HSBC 7 Bank of America Indosuez fl* Bank of China .7 Malayan Banking 8^ Bank of Tokyo Mitsui Bank Bank Negara OCBC 8*« Indonesia .7'* OUB Chartered Bank UCB 7 Chase Manhattan 6*« UMBC
        56 words
      • 216 8 LONDON, Frl. Sterling opened little changed against the dollar, trading quietly around $1.7155/ 60 against $1.7160/ 70 overnight. dealers said. The dollar weakened slightly against major continental currencies, opening around 2.4020/ 30 marks against 2.4040/ 50 overnight on small profit-taking following its recent advance, the dealers said. The Bank
        216 words
      • 215 8 NEW YORK, Thurs. The US dollar drifted slightly lower while the Mexican peso fell very sharply In extremely nervous trading, dealers said. The sudden fall followed a sharp rise in forward peso discounts on Wednesday but the forward market was unquoted after the sharp fall today, they said.
        215 words
      • 142 8 HONGKONG, Frl. The US dollar eased against European currencies and the Hongkong dollar, in line with its decline overseas, dealers said. The US unit was quoted at HK54.6680/6710 in late trading, compared with Wednesday's late $4.6820/50, after trading as low as $4.6680 in the morning. It eased to a
        142 words
      • 99 8 TOKYO, Frl The US dollar for overnight delivery closed easier at 290.35 yen against 290.60 yen at the opening and 290.50 yen overnight. Dealers said the dollar initially firmed to 290.90 yen aided by active import settlement covering, but the higher levels attracted selling. Dollars for Immediate delivery closed
        99 words
      • 146 8 Euro rates LONDON, Frt. Eurodollar deposits opened basically steady and, though little changed In early quiet trading, had a slightly softer undertone, dealers said, continuing the easier trend of the past few days. Friday ends of periods In One and Two Months however made for initial respective gains of 1/4
        146 words
      • 47 8 AUSTRALIA/NZ exchanges quoted on Jan 21 Australia: Sterling 0.6367/0.6299 US dollar 1.0890/.0842 Ninety-day air mail buying rates: Sterling 0.6664 US dollars 1.1150 Ninety-day forward buying rates: Sterling 0.6534 US dollars 1.0947 New Zealand: Sterling 0.5550/0.5519 US dollar 0.9574/0.9474 Ninety-day forward rate: Sterling 0.5917 US dollar 0.9759.
        47 words
      • 39 8 ZURICH exchanges quoted on Jan 20 US 2.5028-5036 UK 4.2950-2980 Can 2.4810-4825 W Germ 104.07-16 Neth 99.43-53 France 50.30-34 Belg 6.77-1/4-78-1/4 Denm 42.30-33 Norw 47.07-11 Swed-58.95-59.00 Italy 0.2836-2839 Austria 14.65-67 Port 7.7880 Spain 3.64-64-1/2 Arg 0.85-1.00 Japan 0.86-86-1/2
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      • 32 8 FRANKFURT exchanges opening quotes on Jan 21 US 2.4015/30 Can 2.3760/3800 UK 4.117/132 Neth 95.50/65 Swltz 95.92/96.07 Italy 2.720/735 France 48.20/35 Norw 45.20/30 Berl con 6.505/52 Belg fin 6.461/71 Japan 0.8250/8300
        32 words
      • 261 8 LONDON. Frl. Eurobonds were mostly steady in quiet trading, dealers said. Guilder and mark bonds were both quiet and little changed while convertibles were fractionally higher in the US Issues and steady among Japanese bonds. Eurobond prices quoted on Jan 21 STRAIGHTS BID OFFER Alcan9%Pcl988 104'* 105 V.
        261 words
  • Page 8 Advertisements
    • 463 8 THESE ARE THE BOOKS THAT HITLER BURNED r^lgOTs l-i^ i~""-® r EFI! r r==M S=| •19 9 f|§|2filial aff Ira hir«3 wH S3-e r- r«i '•!v M£ Ia Ssllsllli'M' 1 ffiff i mi» ea je THE GREAT BOOKS OF WESTERN CMLIZATION These are the books that had to burn. For
      463 words

  • TRANSPORT AND COMMUNICATIONS
    • 2082 9  - Europe strengthens its hand in microelectronics field STRATEGY TO CATCH UP WITH U.S. AND JAPAN IS SHOWING SUCCESS By CHRISTOPHER LORENZ Financial Times EUROPE'S search for a strategy against foreign domination of microelectronics is beginning to achieve results. One company, Philips, has Just somersaulted Into second position In the world
      Financial Times  -  2,082 words
    • Article, Illustration
      313 9 ARRIVAL TODAY KEPPEL WHARVES Bunga Setawar (after Bunga Gelang) 18 Frotario (1200 after State of Punjab Departure Draft 9.15 m) 3/4 Golden Eastern (0600 after Hong Shen) 22 Kalhel Maru (JGUQ 0600 after Green Lotus) 27/28 Pabloeverett (2100 after Fan Lee) 31/32 SBS 111 (B. Barge 1500) 48
      313 words
    • 200 9 AP LONDON, Frl. Exceptionally severe winter weather conditions In the US midwest Is hindering the flow of grain barges to the US Oulf export ports and thus Impeding chartering activity from that major origin. Indeed, uncertainty stemming from difficult positions at all US Oulf and Atlantic ports
      AP  -  200 words
    • 169 9 A NEW mint-sized collapsible steel container is now available in Singapore. The unit, called a 'Oeetalner' is marketed by a Singaporebased company, Geetalners, which has been granted world marketing rights by the owners of the Oeetalner patent. The Oeetalner ~oncept Is based on the unltlsed pallet
      169 words
    • 129 9 THE Electronics Corporation of India has recently developed its own "black box" the voice recorder used In the cockpit of aircraft. According to the latest India News, a publication of the Indian High Commission in Singapore, the recorder provides fourchannels to enable recordings of conversations with In
      129 words
    • 592 9 ARRIVALS Service Local Operator Number Time From CAL MAS JAL CAL CI333 MH682 JL712 CI814 0040 0810 1000 1000 TPE/HKO/KUL KCH HLP HLP SIA OIA CPA SQ211 OA 980 CX710 1010 1030 1030 HLP HLP HLP THAI OIA RBA TO 423 OA908 BI325 1035 1100 1155 BKK
      592 words
  • Page 9 Advertisements
    • 160 9 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 w rapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding
      160 words

  • 2346 10  -  STRIKE THREAT THAT CAN BRING THE MALAYSIAN GOVERNMENT MACHINE TO A HALT By KEVIN RAFFERTY IT WAS A curious meeting: about 40 men gathered round a long table surrounded by a cohort of pressmen. For two hours they talked, or rather they bamboozled the listening
    2,346 words
  • 1142 10 JEDDAH, Friday Reuter SAUDI Arabian diplomatic techniques are at once elementary and sophisticated. But, as the success of the Riyadh summit on ending the Lebanese civil war shows, they work. The elementary aspect of Saudi diplomacy Is tnat Its most permanent and
    Reuter  -  1,142 words
  • 790 10  -  By WILLIAM BORDERS NYT PRIME Minister Indira Gandhi, who has long been regarded as a master of politics and timing, has perplexed the opposition once again with her surprise call for Parliamentary elections in March. As the news was discussed all over
    NYT  -  790 words
  • Page 10 Advertisements
    • 344 10 Good reading on from Penguin China the most populous nation in the world. Fast emerging as a major power in world politics. Isolated from the rest of the world for over two decades, world attention has nevertheless turned to this most enigmatic of nations time and again. Starting with Nixon,
      344 words

  • Page 11 Advertisements
    • 462 11 How advertisers can mount a campaign aimed at businessmen Tactical information from Business Times V\i F r 1. Know what you are up against. If you want to advertise to businessmen you have to decide how to reach them. Here's what you are up against: 1. Direct Mail. There's nothing
      462 words

  • 300 12 FAR Eastern Hotels Development Ltd (FEH) has been granted a two-week extension to produce a statement of affairs showIns the financial position of FEH at the time of Its receivership on Jan 0 This means that shareholders of the company
    300 words
  • 67 12 BOUSTEADCO Group subsidiary, Boustead Electrics, plans to expand by going into a new range of activities like contracting, marketing for electrical products and manufacturing. Announcing details yesterday, Boustead Electrics managing director Roland Miller said: "Initially, Boustead Electrics will provide support for various group operations and primarily
    67 words
  • 51 12 JIMMY Carter takes the oath of office as the 39th President of the United States at the Capitol in Washington on Thursday. The US Chief Justice, Mr. Warren Burger (left) administers the oath, while the President's wife watches. Below is the great presidential seal. AP photo AP
    AP photo  -  51 words
  • 278 12 UPI MOSCOW, Frl. The Soviet Union's senior expert on American affairs today predicted better Washington-Moscow relations with the Carter Administration in office, but said difficulties still lay ahead. "The process of further materialisation of relaxation of tension will not be easy," Mr. Georgy Arbatov,
    UPI  -  278 words
  • 42 12 UNITED Overseas Bank, represented by Lee and Lee, has filed a writ in the High Court here claiming nearly $3 million from a realty company. The defendants are Tong Hwa Realty, and the sum allegedly due and owing is $2,905,064.98.
    42 words
  • 780 12 LONDON, Frl. The stock market closed mixed In moderate trading and at 3 p.m., the Financial Times Index was down 0.5 at 384.4. Government bonds featured with gains of up to H among longer maturities, helped by the reduction tp 13* per cent from 14 in the Bank
    780 words
  • 359 12 Reuter TOKYO, Frl. The two groups within the Organisation of Petroleum Export Countries (OPEC) will reach a compromise before July this year to discontinue the present two-tier oil price system, Saburo Sakisaka, board chairman of the Institute of Energy and Economics said. In a speech before
    Reuter  -  359 words
  • 174 12 TOKYO, Frl. A large phosphorus rock deposit, described as "the largest of its kind ever discovered" in north China, is expected to boost China's phosphate fertiliser production, Peking's official Hslnhua news agency reported today. Hslnhua said the deposit was found recently at Fanshan In Chohslen
    174 words
  • 130 12 AP SYDNEY, Frl. Australian exports and imports rose to record levels in the first quarter of the 1976-77 financial year, according to statistics released by the Reserve Bank of Australia. Imports during the September quarter rose less steeply than exports to give the country a record trade
    AP  -  130 words
  • 67 12 AP KOTA KINABALU, Frl. The Sabah State Government hopes to get loans amounting to US$96 million (5J235 million) from a private enterprise in the United States for three major road projects In the state, Deputy Chief Ml- nlster James Ongklll said today. They are the Lahad
    AP  -  67 words
  • 443 12 ANNUAL EXPORTS WORTH $165 bil Reuter TOKYO, Frl. Japan had an all time record customs clearance trade surplus of US$l.35 billion (553.32 billion) In December, compared to an upward revised deficit of $152 million in November and a surplus of $519 million In December 1975, the
    Reuter  -  443 words
  • 353 12 UPI TOKYO, Frl. French Transport Minister Marcel Cavaille today called on Japan to agree swiftly on a fair distribution of the world's shipbuilding orders. Mr. Cavaille, upon concluding a seven-day visit to Japan, said: "If Japan failed to agree with the European communities (EEC)
    UPI  -  353 words
  • 261 12 TEL AVIV, Frl. Former I Israeli Defence Minister Moshe Dayan predicted today that this week's food riots in Egypt would push Cairo to work harder for an end to its state of war with Israel. Mr. Dayan said although Egyptian President
    261 words
  • 302 12 Reuter NEWCABTLE (Australia), Frl. Japanese shipping coming Into Australian ports could face industrial action if there was no settlement of a dispute over putting an Australian iron ore carrier on the JapanAustralia run, the Beamen's Union president John Brennan said. Mr. Brennan said his union was
    Reuter  -  302 words
  • 212 12 IPOH, Frl. The security situation In the country is not the reason for the slow rate of local and foreign lnvestment here, Public Enterprises Minister Datuk Hajl Mohamed Yaacob said today. He attributed It mainly to the slow upturn In the economies of the leading
    212 words
  • 34 12 UPI OSLO, Frl. US Vice President Walter Mondale has accepted an Invitation to visit Norway, a Foreign Ministry spokesman said yesterday. No date has been set for the visit. UPI.
    UPI  -  34 words
  • 403 12 KUALA LUMPUR, Frl. The board of Genting Highlands Hotel was yesterday studying the formal document setting out the revised merger plan for the three British estate companies, Oolden Hope, London Asiatic and Patallng which It strongly opposes. The document, sent out to shareholders on
    403 words
  • 225 12 AP TOKYO, Frl. China has succeeded in manufacturing nuclear-armed missiles, a Japanese report from Peking said today. ll»e Kyodo News Service said in a dispatch from Peking, the report came yesterday in the Kwangming Daily (Kuang-Ming Jih-pao), organ of minority parties. Hie report said
    AP  -  225 words
  • 260 12 JAKARTA, Frl. President Suharto today ordered state agencies to organise an immediate relief programme in the wake of Jakarta's worst floods since 1892. Seven people died as the floods swept through Jakarta this week and more than 100,000 people were evacuated from their homes. Many
    260 words
  • 174 12 TOTAL cargo handled In Singapore in the first eleven months of 1976 was 11 per cent higher than the year before, but is still over seven per cent lower than In 1974, according to the Department of Statistics. The 11 per cent increase
    174 words
  • 45 12 Reuter ABU DHABI, Fri. Nepal and the United Arab Emirates (UAE) agreed here yesterday to establish diplomatic relations. The agreement was reached in talks between Nepal's Foreign Minister Krishna Raj Aryal and UAE Minister of State for Foreign Affairs Self Bin Ghobash. Renter.
    Reuter  -  45 words
  • Page 12 Advertisements
    • 169 12 Let Avery Scales safeguard your profits MODEL 3812 CJEA PUBLIC SCALE WITH THE PROFITABLE PERSONAL TOUCH! t rm m H i A 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
      169 words