The Business Times, 28 January 1977
1977-01-28
1
12
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section10 1977-01-28 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, JANUARY 28, 1977 50 CENTS10 words
-
NEWS IN BRIEF
-
Article71 1977-01-28 1 Reuter BRIDGETOWN, (Barbados), Thurs. Trade Ministers from the sugar producing states of the African, Caribbean and Pacific (ACP) group of countries today agreed to an early start to sugar price talks with the European Economic Community (EEC). "By early the conference means a J east February." Mr.Reuter - 71 words
-
Article68 1977-01-28 1 UPI NICOSIA, Thurs. President Makarlos and Turkish Cyprlot leader Raouf Denktash met for surprise talks today In the first official contact between Oreek and Turkish Cyprlots since the Island's lntercommunal talks broke down last May. Western diplomats said the talks, arranged by UN special representative Xavler PerezUPI - 68 words
-
Article87 1977-01-28 1 Reuter HONGKONG, Thurs. Radio Peking today compared purged Chinese radical leaders to the faction led by Leon Trotsky in the Soviet Communist Party which was purged by Stalin- following the death of Lenin. The radio, monitored here, said the tactics used by the "Gang of four" toReuter - 87 words
-
Article52 1977-01-28 1 Reuter PARIS, Thurs. Nearly 90 per cent of Air France flights out of Paris were cancelled today as a result of a 24-hour strike by airline staff, an Air France spokesman said. The strike was part of a week-long protest by public sector workers against the goverment's anti-inflationReuter - 52 words
-
Article33 1977-01-28 1 AP MANILA, Thurs. The Philippines' antlsmuggllne efforts last year netted additional revenue totalling 230.921,462 pesos (about Ss7s» million), Lt. Gen. Pelaglo Cruz, chairman of the anlt-smugglng action centre said today. APAP - 33 words
-
Article40 1977-01-28 1 UPI Madrid, Thurs. Strikes protesting political violence hit Spain for the third consecutive day today. The Government began to apply tough new measures aimed at easing the worst crisis since the death of Generallslmo Francisco Franco. UPI.UPI - 40 words
-
Article41 1977-01-28 1 AP WASHINGTON, Thurs. Mr. Bill Moyers, former top aide to President Lyndon Johnson, is a prime candidate to be nominated director of the Central Intelligence Agency by President Carter, according to sources Inside and outside the Administration. APAP - 41 words
-
Article34 1977-01-28 1 LONDON, Thurs. Prospects of a further fall In the minimum lending rate and stock shortage helped push the Financial Times Index up 10.2 points to 391.8, at 3 p.m. today.34 words
-
Article44 1977-01-28 1 UPI NEW YORK, Thurs. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 958.78, up 0.25; 20 transp 230.07, down 0.27; 15 utlls 110.88, down 0.25; 65 stocks 315.63, down 0.17. UPI.UPI - 44 words
-
-
Chief Price Changes
-
Article, Illustration160 1977-01-28 1 ACROSS the board losses were recorded at the Stock Exchange of Singapore yesterday in very thin trading. Turnover continued to decline. The Business Times index fell 2.48 points to 258.38 while the Straits Times Industrial average was down 0.94 point to 254.05. Falls Most active Kuala Sidim160 words
-
Article117 1977-01-28 1 Foils Most active U.O.B.(A) 3.20 -.38 Haw Par K. Kampar 2.31 -.18 Central Sugars 138,000 A. Amal Tin 9 3.90 -.14 Pan Electric 135,000 Sel Dredge 4.54 -.14 Inchcape 114,000 Berjuntal 912.90 -.10 Total Turnover: 1.47 M Matsushita 9 2.33 -.07 Total Value: M92.82 M F and117 words
-
-
Article, Illustration789 1977-01-28 1 ANTHONY ROWLEY - AFTER TIN, RUBBER? By ANTHONY ROWLEY THE way in which tin prices have defied the international buffer stock and burst through the internationally agreed celling, leaving this particular market "regulator" exhausted and impotent, will hardly encourage those who are now trying to set789 words
-
Article233 1977-01-28 1 AP BANGKOK, Thurs. The Thai Government, In an effort to boost confidence among foreign investors, signed an agreement today with BlUlton Thailand Company, a Dutch concern, allowing It to exploit tin ore in an offshore mining concession for five years, an Industry Ministry spokesman said.AP - 233 words
-
Article593 1977-01-28 1 FUJITEC of Japan will probably be the first equity listing for the year on the Stock Exchange of SlngaBore, In the form of a eposltory Receipt (DR) issue, according to reliable sources. The public offer, timed for March this year, will consist of about three593 words
-
512 1977-01-28 1 GOLD on offer at the International Monetary Fund's sixth auction In Washington on Wednesday realised a common price of U*****.2fl an ounce, which was above the prevailing market price but well below the 9137 common price realised at the previous auction. Demand512 words
-
Article71 1977-01-28 1 UPI NEW YORK, Thurs. The international sugar market wii intrigued today by unconfirmed reports that tour interaational brokers, one 'French and at least two Americana, have made eom■kamnta for an additional 7*9,999 leas of Philippines tonnage would be in ■ddltlon to the sales through international brokers toUPI - 71 words
-
317 1977-01-28 1 MR. G. C. K. Choudhury hit retired u chairman of Ben 2Vi month* after Straits Steamship came to the reecue of the illtig company. The managing director of ■Straits Bteamship, Mr. J. G. Gilmour, has been appointed chairman in his place. In a statement317 words
-
363 1977-01-28 1 HARRISONS Crosfield, the commodities and trading group, has been doing a ring round of smaller shareholders In Golden Hope, which it l\opes to merge with London Asiatic and Patallng Rubber, In an apparent effort to ensure that no possible support is363 words
-
Article136 1977-01-28 1 COMPANIES operating in the Middle East have begun to tap the local labour market for skilled personnel to man the many development projects being undertaken with the area's enormous oil revenues. Korea and-Taiwan have contributed huge contingents of general workers to Arabian developments. But136 words
-
Article73 1977-01-28 1 SINGAPORE total money supply and quasi-money reached $9 billion last October for ths first time, after an annual growth of Just over 14 per cent Money supply totalled $3.8 billion and quaslmoney $5.2 billion. Of money supplv, currency in active circulation formed about *8 per cent and remainder73 words
-
Page 1 Advertisements
-
Advertisement62 1977-01-28 1 Stent lioht QSUJm BffTTSY UGKTBr Round switch button ||||l% Lights first time U# 111 every time Free life-time service Tel:*****1 Oversee* news/TV A Radio P2 Oversee* new*/ Features P3 Local Co new* P4 Internatioaal Co new* P5 Local stocks PS Overseas stocks P7 Commodities P8 Transport ft Communications P» Features62 words
-
Advertisement102 1977-01-28 1 Copy large size originals on one sheet, size for size— no trimming, no sticking together. Xerox 3103 No matter what the originals. Up to 14" by 18" or 356 mm by 457 mm. Solids. Half tones. Or pale blue. The Xerox 3103 gives perfect reproductions. Every time. Size for size.102 words
-
Advertisement198 1977-01-28 1 um> -Si; m m M 27. FAR EAST SHOPPING CENTRE 545. ORCHARD ROAD SINGAPORE 9 TEL *****8 TELEX RS ***** CABLE .PARCOLF m 5 f ,'JU i i hi s\ J win uitrfrMiiTittr >4 Wayfoong MAF loan can help you get through the difficult months of any business A big198 words
-
-
OVERSEAS
-
175 1977-01-28 2 AP TOKYO, Thurs. Two groups of Japanese firms have received 16.5 billion yen (SJI4O million) in orders from Petklm Petrokimya SA of Turkey for three petrochemical plants, industry sources said today. The sources said the three plants will be built In the Allaga district InAP - 175 words
-
Article132 1977-01-28 2 Reuter ROME, Thurs. The minority Government of Premier Glullo Andreotti has won qualified support from the United States in its efforts to solve Italy's chronic economic problems. US Vice President Walter Mondale, on a fact-finding swing through Western Europe and Japan, yesterday met Mr. Andreotti forReuter - 132 words
-
475 1977-01-28 2 MONDALE IN BRITAIN Reuter LONDON, Thurs. The Rhodesia crisis has been urgently put at the head of the agenda for today's talks that US Vice-President Walter Mondale will have with ministers here, Informed British sources said. Prime Minister James Callaghan and his ForeignReuter - 475 words
-
366 1977-01-28 2 NYT UPI OTTAWA. Thurs. Like many other Canadians. Prime Minister Pierre Elliott Trudeau reacted sharply yesterday to the remark of Premier Rene Levesque In New York on Tuesday night that Independence for the French-speaking province of Quebec was inevitable. "I am glad that the speechNYT; UPI - 366 words
-
Article274 1977-01-28 2 Reuter BEIRUT. Thurs. King Hussein of Jordan today cautioned against over-opti-miam that a resumed Geneva Middle East peace conference would he an easy operation. Speaking about prospects for solving the Middle East crisis, King Hussein said in an interview published in the daily Al-Anwar: "IsraelReuter - 274 words
-
Article54 1977-01-28 2 UPI ROME. Thurs. Italy's balance of payments In December. 1976 registered 190 billion lire (551.38 billion) In the black, the Bank of Italy said yesterday. The bank said the December showing gave Italy a 1976 payments deficit of about one trillion lire compared with 1.3 trillionUPI - 54 words
-
240 1977-01-28 2 Reuter CAIRO, Thurs. The Egyptian Government has banned demonstrations and strikes and raised salaries of state employees by about 10 per cent, following last week's riots over food and other price rises. Officials said that despite the ban decided by the Cabinet yesterday, thereReuter - 240 words
-
Article, Illustration421 1977-01-28 2 UPI WASHINGTON, Thurs. Sen. William Proxmlre. chairman of the Senate Banking Committee, has called for a complete report from the Export-Import Bank on Its handling of bribery allegations In connection with the financing of a US$l6O million (*****.6 million) satellite communications system forUPI - 421 words
-
314 1977-01-28 2 Reuter LONDON, Thurs. The British Government was today caught In a crossfire between employers and trade unions over a controversial report recommending that workers should have equal control with shareholders on the boards of Britain's large companies. The Government is to be pressed byReuter - 314 words
-
Article86 1977-01-28 2 SEOUL. Thurs. Japan's decision to extend its territorial waters to 20 km will not affect South Korean fishing operations In the waters between the two neighbours, government officials said today. The officials said under an agreement signed In 1965, fishing boats of the two86 words
-
859 1977-01-28 2 Reuter PARIS. Thurs. What promised to be a dull election for the new Job of Paris Mayor has suddenly become a national political showdown that could shatter the authority of President Valery Glscard d'Estalng. The political moment of truth has comeReuter - 859 words
-
139 1977-01-28 2 Reuter SYDNEY. Thurs. The New South Wales Government today sought permission to borrow US$2OO million (***** million) In overseas loans to improve the state railway system. The move came in the wake of last week's Sydney train disaster In which 82 people died.Reuter - 139 words
-
286 1977-01-28 2 Reuter LONDON, Thurs. A Parliamentary committee today criticised Britain's inability to decide on the future of its nuclear power programme. The all-party select committee on science and technology said In its report on the country's steam generating heavy water reactor (SGHWR): "It is aReuter - 286 words
-
Article72 1977-01-28 2 TURIN. Thur. Fiat said today that it has obtained all necessary ministerial authorisation for the planned Libyan capital participation and loan agreement, and is awaiting only the final stamp of official approval from the Government's Credit Committee. This committee was originally expected to approve the72 words
-
Article, Illustration526 1977-01-28 3 THE DOLE QUEUES ARE LENGTHENING LONDON, Thursday UPI THE grim shadow of unemployment is looming over Britain as it has not done for nearly 30 years. The dole queues are lengthening and Prime Minister James Callaghan warns no relief is in sight forUPI; UPI picture - 526 words
-
198 1977-01-28 3 UPI WASHINGTON, Thurs. Strike activity increased in the United States during 1976, when the nation experienced 21 major industry walkouts, the Labour Department said yesterday. Factory walkouts accounted for most of the year's strike activity, reversing a trend toward non-manufacturing walkouts over theUPI - 198 words
-
Article77 1977-01-28 3 Reuter LUSAKA, Thurs. A 24nation Afro-Arab co-ope-ration committee ended three days of talks here yesterday without agreement on economic co-operation between Arab oil-pro-ducing states and African countries. The meeting was intended to prepare the agenda and papers for an Afro-Arab summit in Cairo next March. AfricanReuter - 77 words
-
335 1977-01-28 3 Reuter BONN, Thurs. The West German Government repeated its forecast of five per cent real growth for 1977 in its annual economic report published yesterday, but stressed a return to high employment is only possible over a long period of time. The large numbersReuter - 335 words
-
232 1977-01-28 3 AP WASHINGTON, Thurs. The productivity of American workers during the final quarter of 1976 rose at the smallest rate In a year while labour costs jumped sharply, the government reported yesterday. The Labour Department said productivity in the private business sector the amount ofAP - 232 words
-
Article161 1977-01-28 3 AP BRUSSELS, Thurs. Representatives of the nine Common Market governments agreed yesterday to delegate to Britain the power to issue licenses to the Soviet Union, East Germany and Poland for limited fishing In community waters after Feb 1. The three countries, officials said, would beAP - 161 words
-
214 1977-01-28 3 UPI WASHINGTON, Thurs. The Carter Administration today unveiled a two-year, US$3l.2-bllllon (5576.4 billion) economics stimulus programme which will send $50 to almost, every man, woman and child In the United States regardless of income. It alto Is aimed at doubling the number of publicUPI - 214 words
-
150 1977-01-28 3 Reuter LONDON, Thurs. The International Coffee Organisation (ICO) promotion committee will meet here today to decide how It will operate and discuss individual proposals for promotion campaigns, delegate sources said yesterday. The promotion committee working party met yesterday and recommendations will be passed toReuter - 150 words
-
323 1977-01-28 3 UPI ROME. Thurs. Italy's industrial association and labour unions completed more than a month of hard negotiations yesterday and signed an agreement to lower labour costs and increase worker productivity. Mr. Guido Carli. president of the Confindustria Industrial Association, said the accord wasUPI - 323 words
-
456 1977-01-28 3 TOKYO, Thurs. Reuter A SENIOR Japanese Government official yesterday said Japan hoped to make a proposal soon to the European Economic Community (EEC) on the future of world shipbuilding, which has been dominated by Japan. Mr Toshlhlko Yano, International trade policy director-general at theReuter - 456 words
-
Article371 1977-01-28 3 AP DUBLIN, Thurs. Irish Finance Minister Richie Ryan announced yesterday a £50 million (SS2OO million) tax cut for the nation's workers in a budget designed to nudge reluctant labour unions into signing a pay restraint agreement to combat Inflation. The 90-union Irish Congress of Trades UnionAP - 371 words
-
306 1977-01-28 3 Reuter LONDON, Thurs. Stockbrokers James Capel and Co said the targets for Domestic Credit Expansion (DCE) agreed by the British Government with the International Monetary Fund for the coming two financial years are inflationary and may lead to severe capitalReuter - 306 words
-
Article26 1977-01-28 3 AP STOCKHOLM, Thurs The year 1976 produced relatively few labour strikes in Sweden when compared with IStS, the stateappointed arbitration office said today. AP.AP - 26 words
-
-
Page 2 Advertisements
-
Advertisement120 1977-01-28 2 Selling to high-income decision makers in Singapore Malaysia? Reader's Digest is tout medium. r -asggS«.c Jaggs-jar-V 3 S^-SSSwSS"^' pnore than magazine »n k.. En tnga^ MalaySia PIP' When you advertise in the Reader's Digest, you profit. And not only do you advertise in the Reader's Digest at a lower cost120 words
-
-
Page 2 Miscellaneous
-
Miscellaneous356 1977-01-28 2 TT WEATHER report for 24 hours prior to 7.30 p.m. on Jan 27 at Singapore airport. Maximum temperature 32.4 C Associated humidity 52 Minimum temperature 22.5 C Associated humidity 98 Hours of sunshine 9.75 Rainfall in millimetres nil Total rainfall for the month 58.4 Total rainy days for the month356 words
-
-
Page 3 Advertisements
-
Advertisement186 1977-01-28 3 One source of expertise and supply, one source of service... for the building construction and engineering industries of Singapore. Co-ordination is extremely important in the planning and construction of any modern building it can mean savings of both time and money and can avoid the inconvenience of having to contact186 words
-
-
COMPANY NEWS
-
Article415 1977-01-28 4 PERAK Carbide has sustained further losses In the first six months ended Nov 30. 1976. On a decline of 11 per cent In turnover to 52.78 million, the company suffered a pretax loss of $210,491 for the first half-year compared with a similar loss of415 words
-
172 1977-01-28 4 THE Kuala Lumpur Stock Exchange has asked Malayan United Industries for additional information on its purchase of a sixstorey building and land in Kuala Lumpur from Koperatif Serbaguna Malaysia via wholly-owned subsidiary, United Continental Properties. It would like to know on what basis172 words
-
Article93 1977-01-28 4 JACK Chia-MPH has acquired the whole of the issued capital of Artamus (Hongkong) comprising two fully-paid subscribers' shares of HKSI each for HKS2 cash. The company says that Artamus will undertake the group's general trading in and from Hongkong, including the marketing of timber especially from the group's new93 words
-
Article230 1977-01-28 4 Current Ex Date Total for Total for payment Date payable the year previous year M.Glass 6%TE Dec 29 Jan 28 6%TE NIL Inch Kenneth 10%+ Jan 5 Jan 28 10%+ 18.6% N.S. Times 25% Jan 7 Jan 31 40% 25% George Town 5%+ Jan 17 Jan 31 5%+230 words
-
Article85 1977-01-28 4 APOLLO Enterprises, owner Apollo Hotel, says that its proposed 12-year lease agreement with Sentosa Development Corp. for certain premises on Sentosa Island carries an option clause to renew every three years within the period. Under the agreement Apollo Is to lease a two-sto-rey renovated building for use85 words
-
Article57 1977-01-28 4 YEO HIAP SENG Group pre-tax profit $5 million ($3.75 million) on sales of $31.72 million ($25.24 million) for the year ended Sept 30, 1976. Parent company pre-tax profit $4.66 million ($3.53 million) on sales of $31.55 million ($25.19 million). First and final dividend of 1057 words
-
Article66 1977-01-28 4 MALAYAN TOBACCO COMPANY Oroup pretax profit of M 548.4 million ($26.5 million) on turnover of $446.2 million ($418.6 million for the year ended Sept 30, 1976. After-tax profit was $26.6 million ($15.1 million). Transfer to revenue reserves amounted to $12.5 million ($3.5 million). Final dividend of 35 per66 words
-
COMPANY MEETINGS
-
Article27 1977-01-28 4 THE following company meetings are due: Jan 29, 12 noon. at the Board Room, 3rd Floor, Bangunan UMBC. Jalan Sulaiman, Kuala Lumpur.27 words
-
16 1977-01-28 4 Jan 29. 11 a.m., 31 Jalan Riong. Kuala Lumpur.16 words
-
Article17 1977-01-28 4 Jan 30, 11a.m., Reeis- tered Office, No. 6-2 Jalan Fatimah. Batu Pahat, Johore.17 words
-
Article17 1977-01-28 4 Jan 31, 11 a.m., at the Hotel Merlin, Jalan Sultan Ismail. Kuala Lumpur.17 words
-
Article22 1977-01-28 4 Jan 31, 12 noon, Registered Office, 2nd Floor, The Regent of Kuala Lumpur, 54A Jalan Imbi, Kuala Lumpur.22 words
-
15 1977-01-28 4 Feb 12. 11 a.m., No. 6 Tambun Road, Ipoh.15 words
-
-
1959 1977-01-28 4 BARRY RILEY,JOHN WYLES - By BARRY RILEY,JOHN WYLES FT IN one of the last acts of the outgoing Ford administration the US Government last week gave the goahead to the financing of a number of liquefied natural gas carriers being built at the Quincy, Massachusetts, yard ofFT - 1,959 words
-
870 1977-01-28 4 NYT DANBURY, Conn., Thurs. Migrant corporations from New York are transforming the economy of this tired old factory city in western Connecticut and giving Danbury a chance to build a new, richer life for its 58,000 citizens. For its firstNYT - 870 words
-
Article88 1977-01-28 4 BRUSSELS,Thurs.— Gross profit at Societe Generate de Belglque declined by 34.6 per cent to 922 million francs (1.41 billion francs) for the year ended Dec 31, 1976. Consequently, the net asset per share cum dividend fell by 15.8 per cent to 2,980 francs (3,540 francs). Reflecting the poorer88 words
-
Article1195 1977-01-28 4 On January 26 PRICES on the Chicago Board Options Exchange declined as losers topped gainers on Wednesday, 410 to 85. CBOE volume approximated 97,645 contracts, up from 93,871 contracts on Tuesday. OPTION APL JLY OCT STOCK Alcoa SO 4 1/2 UNTRD 6 3/4 S3 3/4 Alcoa SO1,195 words
-
153 1977-01-28 4 TOKYO, Thurs. The Finance Ministry said foreign buying of Japanese Bonds and debentures in 1976 totalled US$2.9B billion and selling $1.27 billion, leaving net investment of $1.71 billion, more than twice as much as In 1975. In December 1976 net foreign investment totalled $185153 words
-
-
Page 4 Advertisements
-
Advertisement194 1977-01-28 4 I lave you $>i your cop^offlielSM? MJKUMERAH? The complete filing cabinet on the Singapore business scene o t nn m The Straits Timet DIRECTORY OF SINGAPORE I t*7> Tig A GROUP F*AS€R&N€** It's the 1976/77 "Red Book" the office/library reference book covering the business scene in Singapore. It is complete.194 words
-
-
INTERNATIONAL COMPANY NEWS
-
Article154 1977-01-28 5 NEW YORK, Thurs.— On a sales Increase of 14 per cent to US$l.O3 billion ($1.43 billion), Union Carbide has raised net profit by 29.6 per cent to $105 million ($Bl million) in the fourth quarter of last year. This raised full year profit by 15.4 per154 words
-
Article144 1977-01-28 5 NEW YORK. Thurs. With fourth quarter operating net profit rising 29.6 per cent, Union Pacific Corp has been able to raise Its 1976 earnings by 26.3 per cent to U*****.68 million ($148.62 million) on revenue of $2.02 billion ($1.75 billion). The fourth quarter, saw Union Pacific reporting144 words
-
Article127 1977-01-28 5 UPI. SYDNEY,Thurs. An Australian car rental agency has purchased the equity of the Hertz Car Rental Service in the South Pacific, a spokesman for the agency aid today. Doug Wotton, managing director of the Kay-Rent-A-Car said his company has purchased the American company's equity in Australia. PapuaUPI. - 127 words
-
Article73 1977-01-28 5 NEW YORK, Thurs. Despite a 2.6 per cent rise in sales to U*****.6 million ($536.6 million), Burlington Industries suffered an 18 per cent fall In net profit to $20.13 million ($24.53 million) in the first quarter ended Dec 31, 1976. Earnings per share fell to 71 cents from73 words
-
Article276 1977-01-28 5 Reuter NEW YORK, Thurs. Higher production and sales have raised net profit at Standard Oil of California by 13.8 per cent to US$BBO million ($773 million) last year. The full year outcome was helped by a 29.5 per cent jump In net profit to $268 millionReuter - 276 words
-
Article207 1977-01-28 5 NEW YORK, Thurs. Growth slowed down at Teledyne In the 1976 fourth quarter, with net profit rising by only 13.5 per cent to U5535.3 million ($31.1 million) following a near 42 per cent rise at the nine-month mark to $99.6 million. Full year net profit207 words
-
392 1977-01-28 5 LONDON, Thurs. Including £258,000 arising from the sale of assets mainly related to property developments in Aberdeen, taxable profit of textile group, Sidlaw Industries doubled from £55,000 to £1.18 million for the 53 weeks to Oct 1, 1976. At the midway stage when profits were392 words
-
Briefly
-
Article88 1977-01-28 5 LONDON, Thurs. The amount of the Occidental Overseas Finance guaranteed debenture issue due 1987 has been raised to US$4O million from $30 million after being more than twice oversubscribed, Kidder Peabody International said. The coupon has been fixed at 8*« per cent and the issue, which Is unconditionally88 words
-
Article26 1977-01-28 5 DETROIT. Thurs. Burroughs has raised the quarterly dividend to 20US cents a share from 17 cents, payable on May to shareholders registered on April 6.26 words
-
Article74 1977-01-28 5 BRISBANE, Thurs. MIM Holdings said It will spend A 515.2 million over the next two years to modernise the tank house at Its Townsvll- le, Queensland refinery. The work will retain the purity of refined copper and Improve working conditions, as well as reducing production costs. The modernisation74 words
-
Article55 1977-01-28 5 ZURICH, Thurs. The forthcoming 40 million franc 15 year bond issue by Canton Thuroau will bear a four per cent coupon and be issued at par, primary market sources said. This is the first Cantonal loan with a four per cent coupon. Other per cent Cantonal issues been55 words
-
Article58 1977-01-28 5 LONDON, Thurs. Dunlop chairman Campbell Fraser said Dunlop's exports from the UK totalled £123 million in 1976 against £98 million in the previous year. Tyre division UK exports totalled £26 million (£19.8 million). Other divisions' exports (comparisons not available) were aviation £11.2 million, oil and marine £10.2 million, fire58 words
-
Article75 1977-01-28 5 TOKYO, Thurs. Kao Soap said Its joint venture with Colgate-Palmolive, Kao Colgate Oral Products, will start operation next month following approval by the Government's foreign investment council. The equally-owned firm is capitalised at one billion yen, and will produce and market dental cream and toothbrushes here. Kao said75 words
-
Article50 1977-01-28 5 TORONTO, Thurs. Fourth quarter net profit at Imperial Oil rose to US$72 million from $52 million, raising 1976's profit to $264 million from $250 million. Earnings per share came to $2.03 ($1.92) in the year and 55 cents (40 cents) In the quarter. Imperial Is owned by Exxon Corp.50 words
-
Article74 1977-01-28 5 NEW YORK, Thurs. General Electric Co has received an order from Korea Electric of Seoul, for two combined-cycle power plants at a total value of about US$l46 million. The combined-cycle plants, will be Installed at Kunsan on the west coast of Korea, and at Yongwol In the eastern part74 words
-
Article65 1977-01-28 5 MELBOURNE, Thurs. The Australian Reserve Bank said Bougainville Copper is now classed as a foreign company, and Australian residents acquiring shares on the London or Pang una registers would have to make the purchase out of overseas funds allocation. As from Jan 21, the bank will not normally65 words
-
Article73 1977-01-28 5 NEW YORK. Thurs. Net 1976 fourth quarter profit at Standard Oil (Ohio) rose 21.1 per cent to US$4O.7 million ($33.6 million), making a full year total of $136.9 million, up 8.1 per cent from $126.6 million previously. Sales rose 16 per cent to $2.9 billion ($2.5 billion) in73 words
-
-
Article315 1977-01-28 5 NEW YORK, Thurs. With its US petroleum operations making all the running, Mobil has managed to raise net profit by 16.3 per cent to US$942 million from $810 million last year. Most of the gains came from the last quarter when profit spurted 33.5 per cent315 words
-
282 1977-01-28 5 Reuter LONDON. Thurs. Lonrho said it made an agreed bid worth £15.2 million for steel makers Dunford and Elliott. Lonrho is offering 75 pence cash per ordinary (cum dividend), 213 pence cash per preference and 80 pence cash for each £1 of convertibleReuter - 282 words
-
Article97 1977-01-28 5 THE HAGUE, Thurs. Holland should introduce legal controls on company mergers and prohibit those against the general interest, the Social and Economic Council said. This should replace the present merger code which has no legal basis, said the council which groups representatives of the unions. employers97 words
-
Article890 1977-01-28 5 CITIZENS BAND RADIO COMPANIES NYT NEW YORK,ThursThe highly competitive Citizens Band radio business heavily discounted 23-channel sets all during the Christmas selling season after the Federal Communications Commission ruled that the Industry could sell new 40channel outfits after Jan 1, 1977. It was a disastrous time forNYT - 890 words
-
Article143 1977-01-28 5 Reuter TOKYO, Thurs. A sharp turnround to profit has been achieved by Tokyo Shibaura Electric (Toshiba) in the first half-year ended Sept 30, 1976. Interim profit was 2.84 billion yen compared with a loss of 5.14 billion yen last time on net sales of 666.33 billionReuter - 143 words
-
Article108 1977-01-28 5 NEW YORK.ThurSi-A better performance was put by Charter New York Corp in the fourth quarter of 1976, with operating net profit rising 14.7 per cent to US$l2.6 million ($ll million). This reduced the full year setback to only 5.5 per cent at $42.6 million ($45.1 million) after108 words
-
Article52 1977-01-28 5 TOKYO. Thurs. For the first half-year ended Nov 30. 1976, Dal Nippon Printing has raised after-tax profit to 6.16 billion yen from 5.42 billion yen previously. Gross sales increased to 153.3 billion yen from 130.89 billion yen. Despite the profit increase. Dal Nippon is maintaining the dividend at52 words
-
415 1977-01-28 5 LONDON, Thurs. Including investment income and deposits of £2.2 million compared with £0.85 million, pre-tax profits of duplicator manufacturers Gestetner Holdings rose from £19.35 million to £26.03 million for the 53 weeks to Nov 6, 1976. Sales expanded from £188.85 million to £233.15 million. At415 words
-
Article173 1977-01-28 5 NEW YORK, Thurs. On a 10.5 per cent rise in revenue to US$7O5 million ($638 million), Consolidated Edison of New York has achieved a 20.1 per cent increase in operating net profit to $65.7 million ($54.7 million) in the fourth quarter of 1976. For the year,173 words
-
Article384 1977-01-28 5 LONDON, Thurs. A second-half improvement lifted pre-tax profit of Kenning Motor Group by 31 per cent from £3,639,000 to a record C 4,760,000 In the year to Sept 30 1976. At the interim stage, pretax profit was down from C 1,601,000 to £1,564,000. Turning to384 words
-
-
Page 5 Advertisements
-
Advertisement145 1977-01-28 5 r r ft r or I controJ and tubular steel scaffolding We are unique. Equipped with the latest in technology and the most modern facilities in Singapore, we are able to provide first-class service to shipyards, shipowners and other marine, industrial and petro-chemical industries. Our professional expertise ensures completion of145 words
-
-
Article2076 1977-01-28 6 Gr'» Gr'i Net 1S7S/77 Last div Div y'M P/E Vol Day Hi(h Low Company Sale +or- c'vr COOO) Hi«h Low SECTION ONE INDUSTRIALS 175* 133 Ac ma 142 -1 12.ON 1.1 8.4 7.1 2 143 142 206 172 Alcom 204 20.0 1.3 9.8 13.0 100 60 Allied2,076 words
-
Article1185 1977-01-28 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,185 words
-
Article1177 1977-01-28 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. Acmi (1 438> A. Tap* (0.398) U> 0 40. Ajinamata 1 9581,177 words
-
Article164 1977-01-28 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' price* for Jan 28) (Current price*) The Commerce 1.75 1.85 INCOME BOND 1 09 1 15 TheSavlngFund 0 96 1.01 S pore Prog Fund 0.81 0 86 MARA BUMIPITRA FUND S'pore Security Fund 1 33 1.40 (Managers' price* for Jan 28)164 words
-
Article154 1977-01-28 6 B O T 8 1/2% I9NI (100.000) (102*«B 103 *4iS) D B S 8 1/2% 1982 (100.000) (1008 100SS) DBS Converts 6 1/2% I*9l (100,000) (96 J '«B 91\S) ElßflS 1982 (100.000) (102%8 103 3 «S) E I B 8 1/4% 1983 (100.000) (99%8 lOO'sS) I B J154 words
-
Article105 1977-01-28 6 5 1/2* 1/12/77 (1,000,000) (101 408 101 60S) 5 l/2«R 15/4/78 (1,000,000) (101.608 101.70S) 5 1/4* 15/7/78 (1„000,000) (101.408 101 535) 6 1/2* 15/8/78 (1,000,000) (103 208 103 455) 7% 1/7/79 (1,000.000) (104.808 104.905) > 1/4* 15/10/79 (1,000,000) (100 958) fi 3/4* 15/6/ HO (1.000.000) (102 958)105 words
-
Page 6 Advertisements
-
Advertisement26 1977-01-28 6 t f I I H* i I found only in the best company... iiPENGUN n km •1 I U li f j •i* P c >( r-26 words
-
-
Article438 1977-01-28 7 LOSSES were recorded ■crosa a wide front in very thin trading at the Stock Exchange of Singapore yesterday. Unlike the past few days, the market yesterday appeared technically on the weak side as sellers continued to dominate the scene. With each successive deal, prices were marked438 words
-
Article466 1977-01-28 7 A FEEBLE attempt at rally in the closing minutes helped reduced the extent of losses at the Kuala Lumpur stock market yesterday. Most shares recovered to close at around overnight levels after a slightly easier opening. Trading was still very quiet with Investors and speculators466 words
-
Article181 1977-01-28 7 AP TOKYO.Thurs.- A debtridden Japanese trading company is disposing to the highest bidder its collection of 42 antique cars which It hopes will yield at least US$l million. The collection Includes a 1911 Cadillac which is claimed to be one of two existing models ofAP - 181 words
-
WALL STREET AND OTHER OVERSEAS MARKETS
-
Article1100 1977-01-28 7 NEW YORK: Stocks declined along a fairly wide front on Wednesday handcuffed by some disappointing corporate earnings reports and by a steady barrage of selling in the blue chips and glamours. Trading was heavy. Many investors also were said to be trying to thrash out the Implications of1,100 words
-
Article291 1977-01-28 7 TORONTO: Stock prices closed lower along a broad front on the Toronto market on Wednesday, with only five of the 14 Indices recording gains. Trading was light. Canadian Tire A fell 3/4 at 39. Moore Corp 5/8 at 33 1/2, AquiUine 1/2 at 10 3/4, Provigo one at 7291 words
-
Article315 1977-01-28 7 AMSTERDAM: The market feU In calm conditions on Wednesday with union preparations for strike action continuing to depress sentiment. Dutch internationals declined led by Unilever which lost 1.80 guilders although Royal Dutch was a sole gainer and firmed 0.90. KNSM fell 23 guilders on Its report that profits In315 words
-
Article476 1977-01-28 7 SYDNEY: Selective buying support for key stocks helped many sectors to rise on Thursday, but other Issues were lower, dealers said. The Sydney All-Ordinaries rose 0.5 point to 439.39. Among the miners, base metals were firm, with Reniaon gaining eight cents to AM.52, CRA five to $3.05 and MIM476 words
-
Article160 1977-01-28 7 MILAN: The market closed selectively higher in regular trading, dealers said. Snia' Viseoaa, Fiat Aai Montedison led Industrials higher. Pirelli Spa was steady, while Pirelli EC and both Olivetti's lost ground on light profittaking. Aaaicuraxionl Generali firmed in insurances as did Baatogi In mixed flnanclals. Mediobanca was steadier in160 words
-
Article420 1977-01-28 7 JOHANNESBURG: Some gold shares were steady on Wednesday following earlier small gains while other Issues were little changed ahead of the day's IMF gold auction, dealers said. Smaller and speculative issues were occasionally three to five cents harder while medium shares were up to 20 cents. Heavyweights were little420 words
-
Article149 1977-01-28 7 BRUSSELS: The market was mixed with a lower bias in quiet trading on Wednesday, dealers said. ACEC, UCB and Tabacofina rose while falls Included Electtrobel. Vieille Montagne, Clabecq, Solvay, Mosane, Cometra, ("BR and Arbed. German stocks rose, but other foreign stocks were mixed with a slightly lower bias where149 words
-
Article321 1977-01-28 7 FRANKFURT: Shares closed mostly higher In livelier trading on Wednesday, partly due to technical factors. Baaf rose 1.70 marks with its rights shares resulting from its one-for-15 capital rise meeting good demand on the first day of offer. Hoechst rose two, and Bayer 1.30 Leading bank shares closed four321 words
-
Article295 1977-01-28 7 ZURICH: The market closed mixed with an easier bias In moderately active settlement day trading, dealers said. In little changed leading banks Leu bearer was sharply higher on expectations of a favourable earnings statement for 1976. dealers said. Financials were featured by firmer Bally bearer and registered shares, while295 words
-
Article151 1977-01-28 7 MANILA: Minings were firmer, commercials quiet with some fractional losses and oils steady in dull trading on Thursday, dealers said. Consolidated Mine® and Benguet Consolidated led gainers as metal prices recovered. Other gainers Included Atlas Cob A and B, Lepanto B, Picop A and Oriental A, but Philex A151 words
-
Article365 1977-01-28 7 PARIS: The market closed generally Irregular on Wednesday. but foods, hotels, oils and steels moved lower. Puk, who said its aluminium sector pretax profits will be around five per cent of turnover, was marginally firmer, dealers said. They attrlbutted the Irregular tone to the social and political uncertainty generated365 words
-
Article448 1977-01-28 7 HONGKONG: Share prices (ell again In quiet trading on Thursday, closing at the lowest level of the day. on continued lack of buying Interest, dealers said. The decline on Wall Street also depressed sentiment In the absence of other news and the Improved 1976 trade figures announced yesterday had448 words
-
Article418 1977-01-28 7 TOKYO: Share prices closed lower following tighter margin trading controls from today, dealers said. The Dow Jones average lost 27.00 to close at 5.046.00 with volume 260 million shares. The New index fell 1.73 points to 381.11. Prices were quiet In early trading with investors generally reserved, but liquidations418 words
-
Article80 1977-01-28 7 JAN 27 BahU Asia Fibre Bangkok Bank Bangkok Invest Bangkok-Metro-politan Bank Bata Berll Jucker Charoong Thai Wire Dumex Duslt Thanl Faber Merlin First Trust Indo-Thai J And J Ho Jalaprathan Cement Kamasuta Lee Kwang Mtn Metal Box Rama Towers Saha Union SermSuk Slam Cement Slam Commercial Bank Thai Danu80 words
-
Article67 1977-01-28 7 FINANCIAL TIMES INDUSTRIALS Wednesday 381 8 Tuesday 377.7 Week ago 381.8 DOW JONES AVERAGE INDUSTRIALS Wednesday 958.53 Tuesday 985.92 Week Ago 988.87 LONDON DOLLAR PREMIUM Wednesday 99W to 100% Tuesday 101W to 102% H.K. HANG SENG Wednesday 438 01 Tuesday 438.52 Week ago 439.52 SYDNEY INDUSTRIALS Wednesday 380 5367 words
-
Article106 1977-01-28 7 NEW YORK, Thurs. First Chicago Corp has suffered a 69 per cent plunge in operating net profit to U5517.38 million ($56 million) in the 1976 fourth quarter, reducing the full year figure by 12 per cent to $92.93 million ($105.52 million). After securities transactions, however,106 words
-
-
Page 7 Advertisements
-
Advertisement336 1977-01-28 7 lib Y es Penguin books are not to be found in any ordinary shop. in little road-side stalls. Heavens, certainly not in the *sar malam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational quite unlike the type that merely appeals336 words
-
-
COMMODITY REPORTS AND PRICES
-
Article697 1977-01-28 8 A FURTHER decline in London caused the Singapore rubber market yesterday, to open some two cents lower. Prices than fluctuated narrowly in quiet trading, dealers said. However, some covering demand at the lower levels produced a partial recovery towards the morning close. Some switching from nearbys to forwards697 words
-
Article105 1977-01-28 8 DAILY SSR and SMR prices at noon yesterday: R.A.S. SSR 20 SSR 50 M.R.E.L.B. SMR5CV SMRSL SMR 5 SMR 10 SMR 20 SMR 50 (1-ton Pallet) (1-ton Pallet) (1-ton Pallet) (1-ton Pallet) (1-ton Pallet) (1-ton Pallet) (1-ton Pallet) (1-ton Pallet) Feb. (Current Mth) Buyers Sellers (cents perks)105 words
-
Article225 1977-01-28 8 THE Straits tin price in Penang yesterday was down $11 to $1,465 on an official offering up 28 tonnes to 255 tonnes. In LONDON yesterday, tin steadied by £65 per tonne for Cash and about £63 for Three Months In both contracts at the mid-day closing. Trade sources225 words
-
Article29 1977-01-28 8 Rubber: Jan 27 Singapore: Feb. 201.50 cts (down 1.75 cU.) Malaysia: Feb. 206.50 eta Swrn 1.75 ct) $1,465.00 (down ($11.00) Official offering: 255 tonnea (up 28 tonnes)29 words
-
Article36 1977-01-28 8 LONDON, Thurs Lead eased by £4.75 for Cash and £3.25 for Three Months on Wednesday afternoon. Further small scale liquidation took Three Months down to £347 per tonne. Sales of 2,200 tonnes were mainly carries.36 words
-
Article39 1977-01-28 8 LONDON, Thurs. Zinc lost £2 for Cash and £2.50 for Three Months on Wednesday afternoon. This metal was virtually neglected although some covering held the market steady around the lower levels. Sales of 650 tonnes were mainly carries.39 words
-
Article121 1977-01-28 8 THE following Palm Oil price* wei -e quoted in London on Wednesday The price are elf Rotterdam and are quoted In U8 dollar per ton unless otherwise stated Wednesday Pre* Malaysia 5* ffa bulk 470 sir Mch/Apl 4<8 sir Sumatra 5% Jan 477 50 sir 477.50 sir Feb121 words
-
Article327 1977-01-28 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICIIL YESTERDAY. Coconut Oil Bulk 183 sellers, old drum SBB sellers, new drum $93 sellers. Copra Mixed (loose) UK/Cont 153 buyers Pepper: Muntok ASTA white f.o.b. 100% NLW *340 sellers. Sarawak white 1 ob 96% NLW 1320 sellers. Sarawak special327 words
-
Article414 1977-01-28 8 IN the Singapore gold market yesterday, the kilobar was traded in the range of 5510,550 to $10,600. Volume was moderate and demand was seen at the higher levels. On a loco London basis, the price opened at U*****.40/ 132.80 and was bidded up at the close to $132.80/ 133.30414 words
-
Article324 1977-01-28 8 LONDON. Thurs. Copper wirebars rose by mostly £15.50 per tonne. Wednesday's losses were erased by short-covering and fresh buying, encouraged by the firm New York close. In the pre-market, Three Months worked up from a low of 1871 per tonne to establish a ring high of £884 before profit-taking324 words
-
Article289 1977-01-28 8 LONDON, Thurs. The terminal continued Wednesday's late recovery helped bv a firm New York close and reports of renewed roaster interest there. Speculative interest, together with chart and commission house buying featured In early trading. However, best levels were not maintained. The market closed steadier £30 to £18 per289 words
-
Article165 1977-01-28 8 CHICAGO. Wed Corn futures finished the session with losses of 4 Vt to one cent a bushel, but closed above the day's lows. The USDA's larger than expected estimate of corn stocks generated heavy liquidation and speculative selling in early trade and prices fell sharply. Exporter buying interest, however,165 words
-
Article199 1977-01-28 8 CHICAGO, Wed. Soybean futures failed to hold the full extent of an earlier rally and closed with losses of as much as 2'4 cents a bushel In nearbys and gains of 9% cents in deferred contracts. Prices fell in early trade on selling prompted by the larger than expected199 words
-
MONEY AND EXCHANGES
-
Article594 1977-01-28 8 A RISE of about per cent was noted In short-dated funds yesterday In the Singapore domestic money market as a result of fluctuations In the overnight rates. But these periods eased slightly at close with a fall In overnight rates during the clearing hours. From the opening level of594 words
-
Article150 1977-01-28 8 Asian rates ASIAN currency deposit interbank rates as at close on Jan 27 L'S Dollar* (Spot) Offer Bid 7 days 4 13/16 4 ll/l« 1 mth 415/16 4 13/16 2 mths S 1/8 5 3 mths S3/B 5 1/4 S mths 5 7/8 5 3/4 9 mths 6 5 7/8150 words
-
Article51 1977-01-28 8 RANGE of prices offered by dls count houses on Jan 21 Overnight 3S Call deposit 3* (MH Buy Sejlin* 3-Month Treasury bills 3 1/16 2 15/16 3-Month Bank bills 4 3/16 4 1/16 3-Months CD 4 1/2 4 5/16 8-Months CD 4 11/16 4 9/16 Swrtv: National Discounts51 words
-
Article128 1977-01-28 8 Euro rates LONDON, Thurs. Period Eurodollar deposits opened 1/4 to 1/18 higher, reflecting the loss of the Friday dealings technicality, while longer positions and day-to-day rates were little changed, dealers said. Trading was slow to start, with early interest stemming from Singapore operators. Dealers, however, expect a pick-up in business128 words
-
Article254 1977-01-28 8 LONDON, Thurs. The French franc firmed in quiet early trading, helped by Wednesday night's data, showing a fall In the French inflation rate and a narrower trade deficit, dealers said. It was quoted at $4.9655/70 to the dollar against $4.9745/65 overnight. Dealers noted the franc has displayed unusual stability254 words
-
Article174 1977-01-28 8 NEW YORK, Wed The dollar closed little changed from firm morning levels against most currencies in quiet trading, dealers said. US deputy Treasury-De-signate, Mr. Kenneth Axelson's remark that the Treasury anticipates it will need no new cash during the second quarter of 1977 was assessed cautiously amid market174 words
-
Article147 1977-01-28 8 TOKYO, Thurs. The dollar for overnight delivery closed at 288.55 yen, unchanged from Wednesday's close, but higher than the opening 287.90 yen, after fluctuating widely on a mixed trend. Initially, the dollar fell sharply, reflecting the strength of the yen In overseas centres, but the lower level prompted Japanese147 words
-
Article151 1977-01-28 8 HONGKONG, Thurs. The US dollar closed slightly lower on the day at HK54.6640/ 6660, compared with an opening $4.6650/ 6660 and the overnight $4.6680/ 6690, dealers said. Trading conditions were quiet throughout the day for most currencies. The US unit rose against the mark in afternoon business as a151 words
-
Article61 1977-01-28 8 Minimum lending rates (in ACBC First Chicago 6* Algemene Bank 6% Citibank 6*. Bangkok Bank .7* HSBC 7 Bank of America 6*. Indosuez 6* Bank of China .7 Malayan Banking 6* Bank of Tokyo 6% Mitsui Bank 6*> Bank Negara OCBC Indonesia .7* OUB 6%. Chartered Bank e*. UCB 761 words
-
Article51 1977-01-28 8 AUSTRALIA/NZ exchanges on Jan 27 Australia: Sterling 0 6361/ 0.6287 US dollar 1.0901/ 1.0853 Ninety-day air mall buying rates: Sterling 0.6650 US dollars 1.1161 Ninety-day forward buying rates: Sterling 0.6514 US dollars 1.0952 New Zealand: Sterling 0.5543/ 0.5513 US dollar 0.9574/ 0.9474 Ninety-day forward rate: Sterling 0.5878 US dollar51 words
-
Article58 1977-01-28 8 ZURICH exchanges closing quotes on Jan 26 US 2.5235-5245 UK 4.3440-3475 Can 2.4835-4855 W Germ 103.91-104.00 Neth 99 22-33 France 50.73-77 Belg 6.77-1/2-78-1/2 Denm 42.32-36 Norw 47.15-19 Swed 58.94-99 Italy 0.2865-2868 Austria 14.62-65 Port 7.80-82 Spain 3.66-1/2-67-1/4 Arg 0.85-1.00 Japan 0.87-1/2-88 Due to a delay in transmission, the Frankfurt58 words
-
204 1977-01-28 8 UPI PARIS, Thurs. The world's industrialised nations may face oil shortages had high oil prices by 1985 unless they adopt prompt energy-saving measures and develop their domestic energy resources, an authoritative report warned today. The report, drafted by experts of the Organisation for EconomicUPI - 204 words
-
-
Article131 1977-01-28 8 LONDON, Thurs Silver closed little changed on Wednesday afternoon, at 261.5/ 262.5 pence for Spot and 270/271 pence for Three Months. Dealers said trading was uneventful throughout the day. Small buying took the metal up from the fixing levels of 260.55 pence for Spot and 268.70 pence for Three131 words
-
Article306 1977-01-28 8 LONDON. Thurs. Temlnal sugar was reasonably well supported for much of Wednesday afternoon, with scale-up selling well absorbed, dealers said. The close was barely steady and variously down from the highs on belated liquidation. Oalns from Tuesday night finally ranged from £3.95 (Aug at £137.75 bid) to £1.85 per306 words
-
Article233 1977-01-28 8 BANGKOK. Thurs. Indicative prices for rice quoted in Bangkok yesterday were: US dollars per tonne fob basis Bangkok. While Rice 100 per cent let class 288 100 per cent 2nd class 273 100 per cent 3rd class 288 5 per cent 280 10 per cent 239 IS per cent233 words
-
-
Page 8 Advertisements
-
Advertisement161 1977-01-28 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding Hawaii)161 words
-
-
TRANSPORT AND COMMUNICATIONS
-
1398 1977-01-28 9 MICHAEL DONNE - By MICHAEL DONNE PLANS to encourage airlines now using Heathrow Airport to transfer at least some of their activities to Gatwlck Airport, south of London, are expected to be announced by the Government soon. The aim Is to ease the growing1,398 words
-
Article593 1977-01-28 9 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKO MAS MH682 0810 KCH PAA PA841 0950 SFO/HNL/GUM JAL JL712 1000 HLP SIA SQ211 1010 HLP QIA OA980 1030 HLP OIA OA908 1100 MES PAL PR501 1115 MN, KLM KL833 1150 AMS/ATH/ KHI/CMB RBA BI325 1155593 words
-
Article, Illustration236 1977-01-28 9 TELOK AYER BASIN Dellma 110 0700) FP 4 Putra Mulla (0700) FP 5 JURONG PORT Baupre Island B/4 Bravery B/2 Iris B/3 COASTAL BERTH Slntlng Barge EXPECTED ARRIVAL TODAY KEPPEL WHARVES Bunga Blndang (1500) 18 Golden Source (0600 23 Marchen Maersk (1000 after Neder Rljn) 10/11 Neptune Jasper236 words
-
590 1977-01-28 9 BATROUN (Lebanon) Thursday Reuter A HUNDRED labourers are battling near this northern coast town to build Lebanon's second international airport which will be totally owned by one of the country's political parties. It Is the rlghtwlng Falangist Party which is Involved. Its engineers picked the siteReuter - 590 words
-
Article40 1977-01-28 9 Reuter LONDON. Thurs. Fifty passengers now on a world cruise aboard the liner Queen Elizabeth 2 are to be grmltted by the Chinese overnment to make a four-day visit to Peking In March, the Cunard company said yesterday.Reuter - 40 words
-
854 1977-01-28 9 PAUL BETTS - By PAUL BETTS Financial Times ITALIANS, at a time when their Government is urging austerity, are about to embark on a £200 million plus spending spree which could hold out good prospects for British manufacturers of colour television sets. After some 15 years ofFinancial Times - 854 words
-
Article90 1977-01-28 9 Lower UKAustralia air fares UPI LONDON, Thurs. British Airways and the Australian airline Qantas will introduce new low fares between the United Kingdom and Australia for tickets booked at least 90 advance, the airlines announced today. The new fares, known as APEX advance purchase excursion fares will be available fromUPI - 90 words
-
Article195 1977-01-28 9 AP LONDON, Thurs. Bad weather curtailed North American grain chartering yesterday. Little confirmed business emerged except the Toepfer fixture of the Nlkltas Roussos with 57,000 tonnes of US Gulf grain for Feb 2 7 shlpment to Hamburg at U555.25 (FIO). River plate grain featured briefly when NorwegianAP - 195 words
-
153 1977-01-28 9 AP WASHINGTON. Thurs. The American Petroleum Institute said yesterday that If the United States had ports that could receive "supertankers," the cost of Imported petroleum would be lower and oil tanker traffic would be reduced. These points were underscored In a newAP - 153 words
-
Article38 1977-01-28 9 UPI TOKYO, Thurs. Japan will send a mission to Sri Lanka today to carry out a feasibility study of extending its financial aid for the country's telephone network expansion project, the foreign ministry announced yesterday. UPI.UPI - 38 words
-
-
Page 9 Advertisements
-
Advertisement232 1977-01-28 9 I 26th-31st Jan, 1977 National Stadium, Singapore The Cradle Of Civilisation Blossoms Rt the inomn inciniEßinc EHHIBITIOII o o I Sponsored by the Engineering Export Promotion Council of India and organised in conjunction with the celebration of the 27th Anniversary of the Republic Day of India. INDEE 77 is an232 words
-
-
Article, Illustration996 1977-01-28 10 TANG WEE LORE - LETTERS TO THE EDITOR TANG WEE LORE Research Manager, Kay Hian and Co. (IHe). I REFER to your article headlined "Capital Market or Casino" (8.T., Jan 25) First I would like to thank Mr. Paul Myners, an employee of Bumlputra Merchant Bankers In Kuala996 words
-
457 1977-01-28 10 ZULKIFLI BIN MAHMOOD - ZULKIFLI BIN MAHMOOD Registrar of Companies, Malaysia. I REFER to your Business Times (Saturday, Jan 22th, 1977 under the heading "Securities Act has several flaws, and would like to say that certain Information contained therein Incorrect. What you have written in the first paragraph that457 words
-
108 1977-01-28 10 J.K. LIM - J.K. LIM I WOULD like to point out the Inaccurate Information given in your article of the Jan 25 Issue on "INSTITUTE FOURTH FELLOW". There are certainly more than four Fellows in Singapore. For Instant, you have Inadvertently excluded Mr. Foo Ban Choon now108 words
-
Article, Illustration784 1977-01-28 10 DAVID JENSEN - CHANGES IN AUSTRALIAN REGIONAL FOREIGN POLICY By DAVID JENSEN Reuter AUSTRALIAN regional foreign policy is in the midst of one of the most significant changes in postwar years. Under Foreign Minister Andrew Peacock, emphasis is being placed on economics rather than politics in an attempt toReuter - 784 words
-
1049 1977-01-28 10 DIANA SMITH - Black African workers at a Portuguese tin mine in the Estrela Mountains have now been thrown out of their jobs by white miners some of whom have themselves only recently been forced out of former Portuguese colonies in Africa by new black administrations.Financial Times - 1,049 words
-
Page 10 Advertisements
-
Advertisement193 1977-01-28 10 0 ASM RESEARCH BULLETIN iqg^jr i r MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE 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.193 words
-
-
249 1977-01-28 11 UPI MANILA, Thurs. Central Bank Gov. Gregorlo Llcaros today predicted further Improvements In Philippine foreign trade and less dependence on foreign borrowings in 1977. Speaking on the country's financial and economic prospects for this year before the Manila Rotary Club, Mr. Llcaros saidUPI - 249 words
-
419 1977-01-28 11 AP MANILA, Thurs. President Marcos said today he expects no difficulty In the second round of peace talks with the rebel Moro National Liberation Front (MNLF) scheduled In Tripoli, Libya, Feb 7. "I anticipate there will be no obstacles in the coming meeting,"AP - 419 words
-
Article273 1977-01-28 11 Chances of a new A-arms pact' WASHINGTON, Thurs. US Defence Secretary Harold Brown said today there were reasonable prospects for a new nuclear arms agreement with the Soviet Union before the present Interim pact expired on Oct 1 However, he said the chances for a new agreement limiting the number273 words
-
Article67 1977-01-28 11 AP SEOUL, Thurs. Faced with serious setbacks in its fishing operations In the north Pacific, South Korea plans to develop new fishing grounds around New Zealand, Australia and the Antarctic, the office of fisheries said yesterday. The plan Initially calls for sending three boats to waters offAP - 67 words
-
Article413 1977-01-28 11 UPI TOKYO, Thurs. Prime Minister Takeo Fukuda today urged other industrialised countries to hold an economic summit "at the earliest possible time," possibly In May to bring about global economic order. Mr. Fukuda said he had no personal preference for the summit's location "so longUPI - 413 words
-
364 1977-01-28 11 AP NEW YORK, Thurs. China eventually may decide to leave Hongkong's status unchanged, the head of the public service in that British Crown Colony said yesterday. "It obviously depends, on whether China wants Hongkong to continue to exist, and that depends on Hongkong's beingAP - 364 words
-
550 1977-01-28 11 LONDON, Thurs. The Singapore Government will not be able to appeal against the Slater decision of the metropolitan chief magistrate, Mr. Kenneth Barraclough, because there is no provision for such an appeal by a foreign Government In the Fugitive Offenders Act under which550 words
-
Article120 1977-01-28 11 KUALA LUMPUR, Thurs. The price of Petronas crude has gone up by US$l4.OO (Ss3s) a barrel since the imposition of higher prices by the Organisation of Petroleum Exporting Countries early In \he month. Although Malaysia is not a member of the organisation, the price of its120 words
-
Article38 1977-01-28 11 MALAYSIAN Airlines Systenl sued Singapore Express International for $470,106 for alleged breach of contract, in a writ filed at the High Court yesterday. In another writ, Siong Huat Hardware sued Sing Guan Construction for $851,994.38 words
-
1126 1977-01-28 11 BANK Negara Malaysia launched its export credit scheme earlier this month. The following article unravels the complexities involved in participating in the scheme and defines the benefits which can be derived from it. KUALA LUMPUR. Thurs. The export credit scheme Introduced by Bank Negara1,126 words
-
217 1977-01-28 11 UPI MANILA, Thurs. Foreign Secretary Carlos Romulo said yesterday the Philippines wants complete sovereignty over the military bases used by the United States in this country. Speaking before Filipino world war n veterans who plan to put up a memorial foundation honoring Oen. DouglasUPI - 217 words
-
136 1977-01-28 11 BUNKER surcharges may be introduced to passengers' fares by some shipping linei in an effort to deal with higher oil prices. These bunker surcharges are expected to be scrapped later and added to total fares Instead, according to several shipping companies. Shipping lines operating136 words
-
Article141 1977-01-28 11 Reuter PADANG BESAR, Thurs. Malaysian military leaders conferred here today amid reports that a Joint operation by 3,500 Malaysian and Thai troops against communist guerillas In Thailand's Sadao district north of here would end soon. The armed forces' Chlef-of-Staff, Oeneral Tan Sri Ibrahim Ismail,Reuter - 141 words
-
Article272 1977-01-28 11 Reuter JAKARTA, Thurs. Chief executives of national new* agencies and government information services within the Association of Southeast Asian Nations (ASEAN) are meeting here to discuss the possibility of closer co-operation. General Ismail Saleh, general manager of Indonesia's Antara news agency, told the openingReuter - 272 words
-
513 1977-01-28 11 KUALA LUMPUR, Thurs. Salaries of private sector employees are not expected to be revised immediately if the Cabinet committee's proposed public sector wage increases are implemented. Spokesman for large companies said today salary revisions are only expected when the current terms513 words
-
Article198 1977-01-28 11 UPI MOWCOW, Thurs. The Soviet Union accorded unexpectedly restrained press attention today to the visit by North Korean Premier Pak Sung-chul. No communique was issued following Mr. Pak's departure yesterday and a statement in the Communist Party newspaper Pravda failed to mention a single areaUPI - 198 words
-
Page 11 Advertisements
-
Advertisement306 1977-01-28 11 APPOINTMENTS RESIDENT INSTRUMENT SALES ENGINEER Singapore/Malaysia required by a growing international firm to market industrial instruments to process industries. Applicants must have 1) Experiences in the related field for at least 2 years 2) Thorough knowledge in electronic pneumatic instrumentation. 3) Excellent connections with local industries. This is a challenging306 words
-
Advertisement364 1977-01-28 11 NOTICES DECK SPACE AVAILABLE 2 BARGES 200' x 60' DEPARTING FOR DUBAI/ BAHREIN 15TH FEBRUARY. CAN CARRY SMALL BARGES, FABRICATED STEELWORK ETC. PLEASE CONTACT LAND SEA CONSTRUCTION SERVICES PTE LTD. TELEPHONE *****88 ARROW BOOKS Times Distributors Sdn. Bhd. In the matter of the Companies Act, Cap. 185 and In the364 words
-
-
268 1977-01-28 12 1977 promises to be a good year for the Singapore Reinsurance Corporation (Singapore Re) and gross premium business should be In the region of $23 million to $24 million. This is a sizeable Jump over the $14 million tentatively believed to be268 words
-
Article210 1977-01-28 12 SPECIALISED ro-ro (roll on roll off) equipment worth about $700,000 has just arrived In Singapore for the Port of Singapore Authority's (PSA) second phase development of the Container Terminal. This is the first shipment of two 25-ton forkllft trucks from Kalmar LMV of Sweden. They210 words
-
Article237 1977-01-28 12 TODAY, the average worker in Singapore's financial sector is better paid than his counterparts in the manufacturing and commercial sectors. 4 Based on average hourly earnings for 1975, skilled personnel In the financial sector those In managerial, professional and technical positions enjoy wages second only to237 words
-
Article757 1977-01-28 12 LONDON. Thurs. The stock market was broadly higher In moderate turnover with prospects of a further minimum lending rate fall helping sentiment. dealers said. Stock shortage accentuated the advance. At 3 p.m., the Financial Times index was up 10.2 at 391.8. Interest In government bonds was Initially boosted757 words
-
Article133 1977-01-28 12 THE California Wine Institute trade mission yesterday met Mr Llm Thean Soo, the Comptroller of Customs, ana the heads of two other government agencies to work out a possible solution to the regulatory barriers which prevent the importation of California brandies to Singapore. The leader133 words
-
Article113 1977-01-28 12 GOVERNMENT statistics show that the paid-up capital of all finance companies in Singapore dropped in October by about $2.5 million, possibly indicating that some have gone Into liquidation. The fell however Is not large when compared to the total paid-up of $167.5 million at endOctober. Finance companies'113 words
-
Article120 1977-01-28 12 SINGAPORE banks are apparently not ready to follow in the footsteps of their counterparts in the more developed world. Most banks here still limit the amount of credit Information they will divulge to associates to simple comments on whether accounts have been conducted satisfactorily. At most,120 words
-
Article130 1977-01-28 12 TAX-PAYERS have been invited to claim deductions from their Income tax payable for maintenance of their gardens. An individual taxpayer may claim up to $300 for maintaining a private garden at his residential address for the year ending Dec 31 1976. The garden must be130 words
-
Article39 1977-01-28 12 YESTERDAY'S Business Times report that Foreign Minister, Mr. S. Rajaratnam, was chairman of the one-day Asean standingcommittee meeting in Singapore was Incorrect. Mr. Lee Khoon Choy, Senior Minister of State for Foreign Affairs led the Singapore delegation.39 words
-
Article52 1977-01-28 12 MR. Cho Jock Kim was sued by McGraw Hill for $1.43 million In a writ filed at the High Court yesterday. Mr. Cho is managing director of Far Eastern Hotels, and the sum Is allegedly owed to the publishing firm. Acting on behalf of McGraw Hill is Rodyk52 words
-
Article, Illustration586 1977-01-28 12 A tearful Tanaka says: UPI TOKYO, Thurs. Former Prime Minister Kakuel Tanaka claimed Innocence today to charges that he took US$l.66 million (Bs4 million) from Lockheed Aircraft Corp In the biggest postwar payoff scandal In Japan. I never discussed the purchase of the Lockheed Tristar Jetliners withUPI; AP Photo - 586 words
-
525 1977-01-28 12 KUALA LUMPUR, Thurs. Finance Minister Tengku Razalelgh Hamzah said today the time was now right for the Government to think more seriously about guidelines for Incomes and prices policies In the Interests of long-term economic growth, financial stability and better Income distribution. He added525 words
-
315 1977-01-28 12 Reuter LUSAKA, Thurs. The secretary general of the Organisation of African Unity (OAU) called today for the creation of a panAfrlcan defence force to counter "aggression" by the White minority governments of Southern Africa. Mr. William Eteki-Mbou-moua told Western correspondents he would raise thisReuter - 315 words
-
Article306 1977-01-28 12 THE electronic* industry in Singapore has to redouble its efforts to produce more superior quality goods, to enable it to compete more efficiently in world markets. Hi is warning, issued by the Association of Electronic Industries in Singapore in its latest newsletter, comes in the face of306 words
-
Article99 1977-01-28 12 CHARTERED Unit Trust Management announced yesterday that the daily fmbllshed buying and sellng prices for units of the Singapore Growth Fund will be quoted to the nearest half cent from next Tuesday. The trust fund manager said that the move will allow greater flexibility in fixing unit99 words
-
Article98 1977-01-28 12 THE.import duty on headrests for motor vehicles has been removed with effect from today. A customs announcement said that the 20 per cent tariff duty normally levied will no longer be applicable. It will, however, remain In force for all other Items under the relevant98 words
-
Article100 1977-01-28 12 THE number of private cart on the roads continued to fall in October, confirming the trend of the first nine months. Private cars registered stood at 136,233 compared to 136,455 in the previous month and 141,312 In January. All other categories of vehicles. however,100 words
-
Article91 1977-01-28 12 MALAYAN Banking has been accused by the Singapore Bank Employees Union of victimising two watchmen, and Industrial action has been threatened by the union. The bank Is alleged to have put one watchman on night duty even though he has two children to look after, in91 words
-
280 1977-01-28 12 Reuter GENEVA, Thurs. An International tribunal opened hearings here yesterday on a demarcation dispute between Britain and France to decide which of them should have the right to exploit the potential oil and Ks riches in the channel tween their shores. The five-manReuter - 280 words
-
Article140 1977-01-28 12 AP SEATTLE, Thurs. The former chairman of the Civil Aeronautics Board says the Carter administration is facing three "short fuse" air transport problems. "I think we've got a fair amount of aviation trouble facing us," said Secor Browne, now a transportation consultant in Washington, D.C. HeAP - 140 words
-
287 1977-01-28 12 THE Singapore Shipping Association has called for a survey to find out why local ship owners are not In a position to order new vessels from Singapore shipyards. The suggestion was made by the SSA. secretary-general, Mr. Kua Phek Long, In the287 words
-
157 1977-01-28 12 THE school is "the heart of the community" and therefore it Is Important that those who lead and guide these institutions have to be knowledgeable, skillful and experienced administrators. Mr. Ahmad Mattar, parliamentary secretary in the Ministry of Education, made this remark at the157 words
-
Article185 1977-01-28 12 COLLECTIVE bargaining and negotiation procedures this Is one of five subject headings under which the Singapore Institute of Management will conduct day and half-day courses during February. The other subject headings are: capital Investment decision and analysis, managing motivation, inventory control and warehousing, and telephone techniques and courtesies.185 words
-
Article111 1977-01-28 12 KUALA LUMPUR, Thurs. The Umno supreme 'council has set up a special committee to investigate Umno problems in the state of Perak. The four-man committee Is headed by Culture, Youth and Sports Minister Datuk Abdul Samad Idris. The committee will leave for Perak on Feb. 13 and meet Umno111 words
-
Article69 1977-01-28 12 OUTPUT of animal fodder in October last year shot to a high of 22,609 metric tonnes compared to 21,519 the month before and a 1975 average of 19,500. Production of soap, however, declined to 1,783 metric tonnes, compared to a high of 3,100 in March and69 words
-
Page 12 Advertisements
-
Advertisement18 1977-01-28 12 am presents AUSTRIAN Buffet Luncheon (January 29 to February 25} noon to 2.30 pm at $15.00 per person18 words
-