The Business Times, 10 March 1977
1977-03-10
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The Business Times
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Title Section10 1977-03-10 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, MARCH 10. 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article44 1977-03-10 1 TWO local shipyards have been awarded contracts worth a total of $66 million. They are Far East Levlngston Shipbuilding which has been awarded a 140 million contract to build two twin barges for a British company, and Marathon Le Tourneau.44 words
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Article67 1977-03-10 1 Reuter MANILA, Wed. President Marcos today conferred high Philippine awards on outgoing ambassadors of Thailand and Singapore for their part in strengthening bilateral relations and co-operation in Asean. Both Singapore Ambassador Cheam Kim Seang, here since 1971, and Thai Ambassador Klos Vlsessurakan, here since 1974, received theReuter - 67 words
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Article66 1977-03-10 1 AP JAKARTA, Wed. Officials of Japan and Asean planned to meet In Jakarta later in the month, a spokesman of the Asean National Secretariat in Indonesia said today. He said the meeting will discuss the second Asean summit scheduled for next August in Kuala Lumpur which willAP - 66 words
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Article69 1977-03-10 1 Reuter KUALA LUMPUR, Wed. An earthquake registering between 5.5 and 6.5 on the Richter Scale was felt over a wide area in South-east Asia today, with its epicentre located on the west coast of Sumatra. The tremors were felt In Singapore and hundreds of people rushedReuter - 69 words
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Article43 1977-03-10 1 Reuter MANILA, Wed. Australia's Minister for Foreign Affairs, Mr. Andrew Peacock, will arrive here on April 13 In the course of a three-nation Asian tour, diplomatic sources said here today. He will also be visiting Thailand and Malaysia, they said. Reuter.Reuter - 43 words
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Article67 1977-03-10 1 Leyland back to work Reuter LONDON, Wed. Strike leaders today agreed to urge an end to the stoppage which has threatened the future of state-owned Leyland Motor Corporation, Britain's biggest car builders. Representatives of 3,000 toolmakers, who have been on strike since February 18 In defiance of trade union leaders,Reuter - 67 words
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Article70 1977-03-10 1 but Fiat in reverse AP TURIN, Wed. The Fiat Company said today It will be forced to stop production and layoff tens of thousands of workers if it does not get new oil suppiles by the weekend. A strike by oil conveyors and filling stations which started on Monday hasAP - 70 words
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Article42 1977-03-10 1 UPI NEW YORK, Wed. Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 Indus 944.48, down 7.56; 20 transp 222.83, down 0.78; 15 utils 107.36, down 0.10; 65 stocks 308.74, down 1.76. UPIUPI - 42 words
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Chief Price Changes
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Article, Illustration175 1977-03-10 1 IN a generally easier market, some interest was noted in commodity shares at the Stock Exchange of Singapore yesterday. However, few deals were done in the rubber and tin sectors. The option board was easier. The Business Times index rose 0.99 point to 262.60 while the Straits175 words
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Article110 1977-03-10 1 Rises Most active Haw Par 236.000 Rahman Hyd $2.06 .11 Gentlngs 88,000 Utd Malacca 12.45 .10 Kullm 81,000 Cons. Pit. •3.78 .08 K.L. Kepong 66,000 E.N.E. $3.08 .06 Sel. Dredge $5.15 .05 Total Turnover: 1.23 M Tractors $3.40 .04 Total Value MJ2.37 M Supreme Corp. $1.23 .03110 words
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Article, Illustration719 1977-03-10 1 RONNIE LIM - BUSINESS WORLD WAITS ANXIOUSLY By RONNIE LIM PRIME Minister Lee Kuan Yew's visit to Hongkong, which began yesterday and is apparently going to last until early next week, may Erove to be of more Interest > Singapore's business and financial world than seemed likely at719 words
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Article104 1977-03-10 1 A LOCAL military optical manufacturer AVIMO Singapore Pte Ltd has succeeded in penetrating the competitive American market for certain high technology items. The latest annual report of AVIMO's parent company, United Scientific Holdings of Britain, reveals that its Singapore subsidiary (the only one it has overseas) has104 words
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Article633 1977-03-10 1 THE three million depository shares by Fujltec of Japan are expected to be offered to Singapore Investors at a discount of 5 W to six per cent. The current market price, based on the closing price yesterday of Its ordinary shares on the Tokyo Stock633 words
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174 1977-03-10 1 FOLLOWINQ Its recent acquisition of a 29 per cent stake In ailing William Jacks (Malaya), Straits Steamship's managing director, Mr. J.O. Gilmour has been appointed chairman of the company's board of directors. He succeeds Mr. A.J.M. Ramsay, who will remain on William Jacks'174 words
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306 1977-03-10 1 SEASPEED Services, operators of the largest single roll on-roll off (ro-ro) fleet In the world, has started the first regular roro service to call at Singapore. The monthly service to the Oulf will employ the "Seaspeed Arabia an ultramodern and purposebuilt ro-ro vessel, the306 words
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216 1977-03-10 1 Reuter GENTING Highlands ha. decided to accept the merger proposals of Golden Hope Plantations, London Asiatic and Pataling Rubber, it is understood. Its acceptance, which is believed to have been despatched, follows its unsuccessful tussle with Harrisons and Crosfield over the merger ofReuter - 216 words
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Article76 1977-03-10 1 Reuter KUALA LUMPUR, Wed. The Straits tin price In Penang rose a further Ml 15 per plcul to $1,655, $330 above the International Tin Agreement celling, dealers said. They said continued Interest from Japan and Europe and higher London Metal Exchange prices helped sentiment. Turnover droppedReuter - 76 words
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Article, Illustration545 1977-03-10 1 Rolls Royce is here where the action is THE recent display of Asean unity has caught the Interest of many international manufacturers. And the latest of these Is the world renowned British car and engines manufacturer, Rolls-Royce Motors, which will be here to give Americans and Japanese companies a taste545 words
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Article30 1977-03-10 1 HONGKONG, Wed. Thai International has signed an agreement for a U5562.3 million (SSIS3 million) medium term loan guaranteed by the Thai Government, lead manager Citicorp International said.30 words
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Page 1 Advertisements
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Advertisement43 1977-03-10 1 Colour TV is simply great SEE PAGE 3 INSIDE Oversea* newa/ TV Radio* Overseas newt/ Features Local Co new* International Co newt Local itockt ft Overseas stocks -P2 Commodities Transport ft Com- -P3 muni cation* -P4 Features -PS Local ft Overseas -PS new*43 words
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Advertisement47 1977-03-10 1 CS-4152 14 digits, 1 memory. Display with print/non-print switch. Item counter. Right shift key. Constant and complex calculations. Sole Agents ROXY (STORE) PTE. LTD. 483 Tangim Halt Road Smaaoore 3 T ei *****1 ROXY(MHIA) SDN BHDI Lot 16 Jaian 223 Section 14 Petaimg Jaya Selangor Te» 03-*****747 words
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Advertisement287 1977-03-10 1 WHISKY 100% SCOTCH WHISKIES blended and bottled in Scotland under Government Supervision Imported by Cold Storage Which bank cut the world down to size, just for you? We did. Bank of America. Through our neu Work! Banking l)\ision. we\edivided up the world of business into tour, easv-to-manage parts: North America:287 words
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OVERSEAS
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436 1977-03-10 2 BONN, Wednesday UPI Reuter PRIME MINISTER Mario Soares won complete West German backing for Portugal's membership in the European Common Market on his trip to Bonn. Both Soares and Chancellor Helmut Schmidt predicted the negotiations on Portugal's entry would be complicatedUPI; Reuter - 436 words
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330 1977-03-10 2 Reuter LONDON, Wed. The selfstyled "social democrats" in the ruling Labour Party expressed alarm yesterday at signs of polarisation In public attitudes here and said Britain could turn to a dictator If the economy continued to decline. The manifesto group, whichReuter - 330 words
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182 1977-03-10 2 UPI WASHINGTON, Wed. Spokesmen for shipbuilders and ship operators said yesterday Congress should pass legislation toughening safety standards for foreign and domestic tankers carrying oil Into US ports. The maritime Industry told the Senate Commerce Committee the Industry welcomed stricter standards, but said AmericanUPI - 182 words
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Article81 1977-03-10 2 Reuter WASHINGTON, Wed. Canadian Finance Minister Donald Mac Donald said the recent decline In the Canadian dollar was a natural reaction to last year's strength. He told a press briefing the Canadian currency was overpriced throughout much of last year and that there was no concern overReuter - 81 words
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372 1977-03-10 2 Reuter NEW YORK. Wed. New York City may be able to •void a strong financial review board at present, but many leading bankers around the country say they would not even consider lending the city money without such a board and without NewReuter - 372 words
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493 1977-03-10 2 Reuter UPI WASHINGTON, Wed. Israeli Premier Yitzhak Rabin ends his official visit here today. Apparently satisfied that his talks with President Carter have provided a basis for continuing the special relation ship between the two countries. Israeli sources said Mr. Rabin wasReuter; UPI - 493 words
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375 1977-03-10 2 Reuter LONDON, Wed. The UK Treasury said It has lowered Its estimate of the UK 1076 current account payments deficit to £1423 million (555,076.6 million) from the £1,546 million estimated In January. The Treasury has revised down the estimates for each quarter's deficitReuter - 375 words
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407 1977-03-10 2 Reuter GENEVA, Wed. A conference discussing an international fund to help developing countries cleared its first hurdle yesterday as Third World delegates finally agreed on a president after two days of back-stage argument. Delegates from 100 Industrialised and developing countries met for 30Reuter - 407 words
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160 1977-03-10 2 UPI NEW DELHI, Wed. Newsmen and printing press workers In Indian newspapers went on a oneday strike today demanding increased wages. J.P. Oadkarl, general secretary of the Delhi Union of Journalists (DUJ), said: "The strike Is total In New Delhi and we are getting reportsUPI - 160 words
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Article90 1977-03-10 2 AP WASHINGTON, Wed. Former West German Chancellor Willy Brandt said yesterday he Is withholding a final decision on whether to accept the offer of World Bank president Robert McNamara to head an Independent commission to help rich and poor countries settle their differences on economicAP - 90 words
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387 1977-03-10 2 UPI CAIRO, Wed. The Middle East peace hopes of Arab moderates like Egyptian President Anwar Sadat have Increased If only slightly after the long awaited reconciliation of Palestinian guerilla chief Yasser Arafat and Jordan's King Hussein. Hussein and Arafat met quietly yesterday for aUPI - 387 words
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293 1977-03-10 2 Reuter CHICAGO, Wed. Officials of the biggest US commodity exchange have said they opposed any price fixing agreement on wheat between the United States and Canada. Chairman .William Hagerty, Jr and President Warre Lebeck of the Chicago Board of Trade said in aReuter - 293 words
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549 1977-03-10 3 MOVE TO CHECK IMPORTS UPI TOKYO, Wed. A worried Japanese television industry waited today to see what measures the US government's International trade commission will recommend that President Carter take against a rising flood of foreign TV Imports Into the United States. The commissionUPI - 549 words
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282 1977-03-10 3 Rueter LONDON, Wed. Strikers who have crippled production at the state-owned British Leyland Motor Corporation haye agreed to meet trade union leaders In a ne\tf""peace attempt, according to Engineering Union president Hugh Scanlon. Mr. Scanlon told reporters he was delighted at the responseRueter - 282 words
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183 1977-03-10 3 Reuter BUENOS AIRES. Wed. Venezuelan Finance Minister Hector Hurtado said there Is a consensus among Opec members on the need to unify oil prices. But Mr. Hurtado said in an Interview with the newspaper El Nacional on his return from an Opec meetingReuter - 183 words
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443 1977-03-10 3 UPI BRUSSELS. Wed. Common Market nations hope British Prime Minister James Callaghan's trip to the United States today will shed new light on President Carter's policy toward support for developing countries. British Foreign Secretary David Owen told reporters expected the possible creation of aUPI - 443 words
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393 1977-03-10 3 Reuter WASHINGTON, Wed. Top officials of the International Monetary Fund (IMF) have agreed In principle to provide Egypt with about US$6OO million (551,470 million) In financial assistance, Egypt's deputy Minister for Finance said today. Dr. Abdel-Monelm Kalssouni said the package consists of aReuter - 393 words
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287 1977-03-10 3 AP OTTAWA, Wed. Canada and the United States have agreed in principle to refer offshore boundary disputes to third-party arbitration if they can't be settled by the end of this year, Foreign Secretary Donald Jamieson said yesterday. The form the arbitration wouldAP - 287 words
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57 1977-03-10 3 Reuter TEL AVIV, Wed. Pay strikes today closed all Israeli ports and disrupted fuel and oil supplies In the south. Port workers whose Jobs Involve going afloat, Including tug-boat crews, staged a 24-hour stoppage. Employees at all petroleum storage tank areas except Haifa todayReuter - 57 words
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Article391 1977-03-10 3 Reuter GENEVA, Wed. The international trade body Oatt said today some lndlcatlons pointed to a quickening in the pace of world economic recovery and It envisaged growth In world commerce and in industrial economies this year. But the rate of Increase In both these spheres would beReuter - 391 words
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312 1977-03-10 3 Reuter BONN, Wad. West Germany doe* not expect to face pressure for mora reflationary measure* at the conference of the seven leading industrial nations in London on May 7, a government spokesman said. He said Chancellor Schmidt had made Bonn's positionReuter - 312 words
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Article113 1977-03-10 3 Reuter WASHINGTON, Wed. Treasury Secretary Michael Blumenthal said the US Oross National Product should Increase by about six per cent during 1977 If President Carter's economic stimulation programme Is approved. Without the stimulus, real ONP will only grow about 4.5 to 4.75 per cent,Reuter - 113 words
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Article110 1977-03-10 3 Reuter BONN, Wed. Portugal will apply to Join the EEC this month but there will be a transitional period of about ten years before It becomes a fully Integrated member, West Oerman Chancellor Helmut Schmidt said. Its application would have Bonn's full support, he toldReuter - 110 words
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Article, Illustration1084 1977-03-10 3 ROBERT TAYLOR - »y ROBERT TAYLOR BRUSSELS: Despite one major black spot, trade relations between the Common Market and Japan have Improved from their depths at the end of 1970, according to EEC officials. And now the wheels of cooperation are turning again in the great1,084 words
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Page 2 Advertisements
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Advertisement199 1977-03-10 2 Have you got your copy of the 1976/77 BUKUMERAH? The complete filing cabinet on the Singapore business scene ALPHABETICAL INDEX OFFICIALS AND PUBLIC BODIES INFORMATION 0 i m mi The Straits Timet DIRECTORY OF SINGAPORE vmm A G&OUP FRAS€P It's the 1976/77 "Red Book" the office/library reference book covering the199 words
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Page 2 Miscellaneous
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Miscellaneous378 1977-03-10 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on March 9 at Singapore airport. Maximum temperature 30.3° C .Associated humidity 53 Minimum temperature 22.4° C Associated humidity 95 Hours of sunshine 7.7 Rainfall in millimetres Nil Total rainfall for the month 12.2 Total rainy days for the378 words
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Page 3 Advertisements
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Advertisement88 1977-03-10 3 FRENCH TECHNICAL EXHIBITION Pekan Raya JAKARTA. 26 March- 3 April 1977. Many exhibitors belong to the mechanical industry sector: machine tools, precision tools, public work equipment, motorsOthers sectors will also be represented, in particular electrical and electronics industries, shipbuilding, oil drilling and petroleum industry, chemistry and petrochemistry, civil engineering and88 words
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COMPANY NEWS
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602 1977-03-10 4 ROBINSON'S results for the first six months ended Dec 31, 1976 indicate a healthy renewed earnings growth from Its main business of operating department stores. The uptrend has not only boosted group earnings In the first half-year, but It has enhanced its prospect of raising602 words
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Article364 1977-03-10 4 Current Ex Date ToUl for Total for payment Date payable the year previous year M. Tobacco 35% Feb 7 Maris 50% 40% Wilkinson Process 15% Mar 7 Mar 24 20% 39.1%a Idrii Hyd 30%I Mar 25 60%I 71.5% T anjong Tin 13.3%I Mar 25 26.7%I 30.9% A. Amalgamated364 words
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Latest results
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Article122 1977-03-10 4 Group pre-tax profit $3.56 million (f4.51 million) for year ended Sept. 30, 1976. Profit includes dividend and Investment income of $5.3 million ($6.74 million), after Interest charges $1.21 million ($l.BB million) and losses In hotel and nonhotel operations of $153,976 ($1.48 million) and $366,766 (profit $1.12 million),122 words
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Article87 1977-03-10 4 Oroup pre-tax profit $12.05 million ($16.28 million) for year ended Dec 31, 1976. Tax $2 million ($3.1 million) leaving after-tax profit $10.05 million ($13.18 million). Parent company pre-tax profit $13.93 million ($15.94 million). Tax $2 million ($3.1 million) leaving aftertax profit $11.93 million ($12.84 million). Final dividend 2087 words
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Article36 1977-03-10 4 Pre-tax profit M 5287,456 ($200,409) (or year ended Aug 31, 1976. Tax 186,000 ($64,500) leaving after-tax profit $201,456 ($135,999). First and final dividend 15 per cent (10 per cent) payable on March 31.36 words
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Article45 1977-03-10 4 Unaudited pre-tax profit £1.56 million (£720,500) for the first half-year ended Dec 31, 1976. Tax £832,000 (£376,000) leaving after-tax profit $723,000 (£344,500). Tin concentrate output 1,172 tonnes (1,283 tonnes), Sales 1,172 tonnes (934 tonnes). Average Penang price per tonne £4,685 (£3,051).45 words
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Article68 1977-03-10 4 Unaudited group pre-tax profit £3.33 million (£1.62 million) for first halfyear ended Dec 31, 1976. Tax £2.02 million (£886,000) based on notional tax rate of 52 per cent. After tax profit £1.31 million (£733,000). Parent pre-tax profit £3.13 million (£1.48 million). Tax £1.92 million (£806,000) leaving after-tax68 words
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Article1146 1977-03-10 4 FOLEX, one of Malaysia's leading but financially troubled textile companies will be showing profit again by the latter part of the current financial year If current attempts to reconstruct the company are successful in coping with its huge accumulated losses of M 527.51 million. The1,146 words
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884 1977-03-10 4 HIGHER sales and effective cost control were the main reasons for the marked Improvement In profit for the year ended Sept 30, 1976 at Yeo Hlap Seng (Malaysia), which manufacture a wide range of food products and soft drinks. An interim884 words
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Article1448 1977-03-10 4 On March 8 ON the Chicago Board Options Exchange on Tuesday, volume was 106,899 contracts compared with Monday's 82,564. There were 433 contracts on the downside against 97 on the upside. OPTION APL JLY OCT STOCK Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AUR1,448 words
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Article250 1977-03-10 4 AMERICAN International Assurance has promoted Mr. Albert Lam and Mr. K. Thomas to district managers and the following agency leaders to unit managers Messrs. Chan Siu Cheung, James Teng, Andrew Choo, Samuel Tan, Darien Ng Puay Cheng, Lee Liang Hye, Henry Tan Liew Kim and Madam Irene250 words
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747 1977-03-10 4 DESPITE the resumption of hotel operations in April last year. Investment income is once again chiefly responsible for the profit turned In by Hotel Malaysia for the year ended Sept 30, 1976. Investment and Interest income during the year totalled some $2 million747 words
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COMPANY MEETINGS
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24 1977-03-10 4 THE following company meetings are due: Mar 9, 12 noon, Registered Office, 3 m.s., Jalan Kluang. Batu Pahat, Johore.24 words
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Article12 1977-03-10 4 Mar 15, 2.30 p.m., 70 Jalan Ampang, Kuala Lumpur.12 words
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Article16 1977-03-10 4 Mar 17, 11 a.m., Registered Office, 178-3 Jalan Sungel Besl. Kuala Lumpur.16 words
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Article17 1977-03-10 4 Mar 19, 12 noon, Registered Office, No. 5 Jalan 203, Petallng Jaya, Selangor.17 words
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Article15 1977-03-10 4 Mar 21, 11 a.m., 13th Floor, Tunas Building, Anson Road, Singapore 2.15 words
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Article12 1977-03-10 4 Mar 22, 11 a.m.. Registered Office, Batu Tlga, Selangor.12 words
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19 1977-03-10 4 Mar 23, 11 a.m., 11th Floor, Chartered Bank Building, 2 Jalan Ampang, Kuala Lumpur.19 words
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Article21 1977-03-10 4 Mar 23, 12 noon. Studio 3, sth Floor, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur.21 words
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17 1977-03-10 4 Mar 24, 2.30 p.m., Registered Office, 70 Jalan Ampang, Kuala Lumpur.17 words
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Article20 1977-03-10 4 Mar 25, 10.30 a.m., Registered Office, 12th Floor, Fltzpatrlck's Building, 86 Jalan Raja Chulan. Kuala Lumpur.20 words
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Article13 1977-03-10 4 Mar 25, 12 noon, Registered Office, 14 Lokyang Way, Singapore 22.13 words
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Article17 1977-03-10 4 Mar 29, Registered Office, Road No. 7, Port of Singapore Authority, Singapore 4.17 words
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Article16 1977-03-10 4 Mar 30, 11.30 a.m., Polynesian Room of Ming Court Hotel, Tanglln Road, Singapore.16 words
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Article17 1977-03-10 4 Mar 30, 12 noon, 11th Floor, Shlng Kwang House, Shenton Way, Singapore 1.17 words
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Article17 1977-03-10 4 Mar 30. 12.30 p.m., Polynesian Room of Ming Court Hotel, Tanglln Road. Singapore.17 words
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22 1977-03-10 4 Mar 31, 12 noon, Registered Office, No. 22 (Upper Floor of No 20) Jalan Oelanggang, Malacca.22 words
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Article19 1977-03-10 4 Mar 31, 12 noon, Studio I, sth Floor, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur.19 words
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Article72 1977-03-10 4 MALAYSIA'as foreign Investment Comlttee has approved United Malacca Rubber Estates' purchase of one million Msl shares Pacific Bank for $1.15 million last November. The company says in a letter to the Kuala Lumpur Stock Exchange on March 4 that the approval was contained in a letter dated72 words
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Page 4 Advertisements
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Advertisement189 1977-03-10 4 ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided into six separate reports of about 8,000 words each. There is189 words
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INTERNATIONAL COMPANY NEWS
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193 1977-03-10 5 NEW YORK, Wed. In the fourth quarter ended Jan 29, 1977, J. C. Penney suffered a four per cent setback In net profit to US$lO5 million ($109.3 million) despite a sales rise of 4.3 per cent to $2.67 billion ($2.56 billion). However, because of the193 words
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Article111 1977-03-10 5 LONDON, Wed. Qenerale Occidentale said its board and the independent directors of Cavenham have been unable to negotiate a recommended offer for the 49 per cent of Cavenham shares not already owned by Oenerale Occidental®. Generale Occidentale does not Intend to proceed with an offer. The111 words
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Article132 1977-03-10 5 SYRACUSE. N.Y., Wed. Carrier Corporation has reported a net Income of U555.72 million, or 23 cents per share, on sales of $249.8 million for first quarter ended Jan 31, 1977. In the same period of .1976, net income was $103,000 on sales of $207.57 million.', New132 words
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Article54 1977-03-10 5 MINNEAPOLIS, Wed. Honeywell said It is discussing the possible sale of some assets of its photographic products division to Belf and Howell. Assets Involved Include Strobonar electronic flash and Nlkor darkroom products, Honeywell said. It said the talks have not Included the marketing of cameras and lenses manufactured by54 words
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Article311 1977-03-10 5 Reuter LONDON, Wed. Imperial Chemical Industries (ICI) chairman, Mr. Rowland Wright, said he Is modestly optimistic for 1977, although It is too early in the year to be making forecasts. The first two months of 1977 have been In line with the last 1976Reuter - 311 words
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Article104 1977-03-10 5 NEW YORK, Wed. Marinduque Mining and Industrial Corp has suffered an operating net loss of US$ll.l6 million In the 12 months ended Dec 3, 1976, compared with a profit of $2.47 million last time. The loss was suffered despite a sales Jump of 155 per cent to $108.7104 words
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269 1977-03-10 5 Reuter NEW YORK, Wed. Citibank does not hesitate to reduce its foreign loans to countries where It believes the risks are Increasing, the chairman, Mr. Walter Wrlston, said. He was asked at a business lunch why the bank maintains a relativelyReuter - 269 words
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Article216 1977-03-10 5 Reuter TOKYO, Wed. Kawasaki Steel Corp said it will cut capital Investment in fiscal 1977 by six per cent compared with fiscal 1976 to 161 billion yen in view of a slow recovery of the steel market. It said its capital outlays will be limited only toReuter - 216 words
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Article155 1977-03-10 5 and NKK too Reuter TOKYO, Wed. Nippon Kokan Kalsha (NKK) said its capital outlays for plant and equipment in fiscal 1977 will decline 70 per cent from fiscal 1976 to 136 billion yen on a construction basis. It said 1977 capital spending will be mainly on construction of the No.Reuter - 155 words
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Article463 1977-03-10 5 FT LONDON, Wed. Taxable profit of Royal Insurance more than doubled from £32.7 million to £78.4 million In. 1976. Premiums written were well up at £1,091.9 million (£786.9 million.), the underwriting loss was cut from £32.4 million to £17.7 million and investment Income rose fromFT - 463 words
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Article723 1977-03-10 5 ROBERT METZ - MADISON SQUARE GARDEN By ROBERT METZ TO investors who follow Gulf and Western Industries. the announcement on Monday that the conglomerate was offering to buy Madison Square Garden stock for US$lO a share had a familiar ring. Since the late *****, when Mr Charles Bluhbmrn.723 words
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Article246 1977-03-10 5 SYDNEY, Wed The New South Wales equity court appointed a liquidator to Parkes Developments, a privately-owned real estate and property development group with public company links, at Parkes' request. Parkes told the court the company Is Insolvent following a change In procedure by an unnamed246 words
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170 1977-03-10 5 Reuter NEW YORK, Wed. All five exchanges trading call options have agreed with the Options Clearing Corp that they will begin put option trading on Friday, June 3, an OCC spokesman said In response to an Inquiry. The spokesman said by telephoneReuter - 170 words
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Article102 1977-03-10 5 Reuter LONDON, Wed. EMI and Development Securities said they agreed terms for EMI to buy Development Securities (DS) for the equivalent of 78lp for each of the 3.14 million capital and ordinary shares ana 75p per preference. Terms are 371 ordinary EMI stocks units for everyReuter - 102 words
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Article131 1977-03-10 5 LONDON, Wed. Pre-tax profit at Fisons rose by 11.7 per cent to £18.64 million (£16.98 million) last year. Coming on the back of a 20.1 per cent Increase In sales to $258.33 million ($215.15 million), the results Indicate that costs have squeezed margins. Earnings per share came131 words
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Article193 1977-03-10 5 Reuter TROY. Michigan, Wed. S.S. Kresge, the US second largest retail chain, yesterday reported higher earnings for Its fourth quarter and for the whole of 1970. Kresge, which operates 1,210 K Mart discount stores, 300 Kresge dime stores and about 90 Jupiter discount stores, as wellReuter - 193 words
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Article118 1977-03-10 5 Reuter ARMONK, N.Y., Wed. International business Machines Corp said that up to 1700 hours local time on March 7 It had received 2.16 million of Its common shares In response to Its offer for four million shares at US$2OO each. The company has extended the offer's expirationReuter - 118 words
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Article158 1977-03-10 5 Reuter HONGKONG, Wed. Consolidated net profit at Sun Hung Kal Securities rose 23 per cent to HK542.12 million ($34.24 million) last year. The total dividend is lifted to 14.5 cents from 13.5 cents, with a final of 7.5 cents (seven cents). Earnings per share rose 16 perReuter - 158 words
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Article245 1977-03-10 5 NYT WASHINGTON, Wed. Tenneco, which runs one of America's biggest natural gas operations, improperly diverted gas contracted to Interstate customers and sent It Instead to a Texas subsidiary that could charge much higher prices, the company disclosed. The amount of gas covered by these transactionsNYT - 245 words
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Article66 1977-03-10 5 Reuter PARIS, Wed. Ste Anonyme Marocaine de L'lndustrle du Rafflnage is raising 100 million Saudi riyals through an 8.5 per cent maximum 10-year private placement managed by the Banque Arabe et International D'lnvetissements (Mlddleeast) (Ball), the bank's Paris office said. The notes will be Issued at par andReuter - 66 words
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Page 5 Advertisements
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Advertisement23 1977-03-10 5 Socialism ■<✓ <- A *3 »i s v x V m FEDERAL PUBLICATIONS L /f/ J No 1 New Industrial Road Singapore 19. Tel: *****4523 words
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Article2080 1977-03-10 6 Last Gr'a Gr'» Net 197S/77 dlv Div y'ld P/E Vol COOO) n« v High Low Company Sale +or- c'vr MJmj High Low SECTION ONE INDUSTRIALS 175* 133 Acma 142 unch 12.ON 1.1 8.4 7.1 1 142 142 133 127 Acma A 127 12.ON 1.1 9.4 6.4 2062,080 words
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Article1169 1977-03-10 6 BID and offer prices officially listed and builness In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after word ~B ett". Big Board1,169 words
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Article1306 1977-03-10 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS AMI (1.438) (1) 1.42, (1) 1.43. A. TM* (0 528 0 638).1,306 words
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Article111 1977-03-10 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. D.B.S. (June 83.90) (0.1888 0.245) Inchcape (June 12.40) (0.198 0.19-1/2S) (23) 0.18, (7) 0.18-1/2 0.U.8.111 words
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Article154 1977-03-10 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' price* for Mar 10) (Current price*) The Commerce 1.77 1.87 The Saving Fund 0.02 0 97xd INCOME BOND 1.10 1 16 S'pore Prog Fund .0 82 0.87 S pore Security Fund S pore Invest Fund 1.39 1.47 .105 1.11 MARA Bl'MIPUTRA154 words
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Article138 1977-03-10 6 B O T 8 1/2* 1981 (100,000) (1038 103 *8) DBS Converts 6 1/2% 1991 (100,000) (96*8 97*8) E I B 9% 1982 (100,000) (103*B 104 *S) E I B 8 1/2% 1983 (100,000) < (9fi%B 100*S) I B J 8 1/2% 1981 (100,000) hXM)I*.B 102 *S) krppel138 words
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Article97 1977-03-10 6 5 1/2% 1/12/77 (1,000,000) (101.558 101.655) 5% T F 1/3/78 (1,000,000) (102.708 102.855) 5 1/2% 15/4/78 (1,000,000) (101.608 101.755) 5 1/4% 15/7/78 (1,000,000) (101.558 101.595) 6 1/2% 15/8/78 (1,000,000) (103 358 103.505) 7% 1/7/79 (1,000.000) (104.858 105.00S) 5 1/2% 1/10/77-79 (1.000,000) (101.608 101.70S) 5 1/4% 15/10/79 (1,000,000)97 words
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Page 6 Advertisements
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Advertisement240 1977-03-10 6 C-f* *?< >' MM W~' I > ISte#i m .v V I. b M'xid 9 1 1 11 •S: y.« Imm B A ;"7 ;-v \M Alex Josey has long been an observer, recorder and commentator of the Singapore scene. In this new book, he examines and explains the success240 words
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Article475 1977-03-10 7 SELECTIVE buying in rubber and mining stock* at higher level* featured trading at the Stock Exchange of Singapore yesterday. The general trend of the marhet was at beet steady. Sentiment in the mining and rubber sectors was boosted by the healthy level of both the prices of475 words
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Article364 1977-03-10 7 THE Kuala Lumpur stock market staged a slight recovery yesterday to finish with small gains In sluggish trading. The overnight bearish Influence was still noticeable in the opening session before the market recovered In the latter part of the day. ,r On the Industrial board, fresh364 words
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Article179 1977-03-10 7 Reuter NEW YORK. Wed. The Pepsi-Cola company has announced it would soon Introduce a plastic container for Its soft drinks. The container Is made of a plastic known as Polyethylene Terephthalate (Pet), which PepsiCola said had received full approval of the US Food and Drug Administration. OnReuter - 179 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1133 1977-03-10 7 NEW YORK: The stock market finished with a loss on Tuesday In moderate trading. There was little in the economic news to account for the day's decline but analysts said the size of the U8 Government's stimulus package Is still a major concern among investors. Treasurv Secretary Mr.1,133 words
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Article301 1977-03-10 7 AMSTERDAM: Shares generally eased, with Dutch Internationals edging lower on Tuesday. Leaders to decline were Heineken, Ahold and among banks Algemene Bank and NMB. Individual marked gains against the trend were Bijenkorf, Naarden, Boer and Pakhoed, the last-named on the higher 1970 net profit and optimistic prospects released on301 words
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Article180 1977-03-10 7 MANILA: Share prices closed mixed, with minings easier while oils gained slightly and commercials were dull, dealers said on Wednesday. Gainers were Acoje Mining, Beaguet Cm "B", BF Goodrich, Lepanto "B" Mariaduque "B", San Miguel "A" Oriental "A" and Seafront while Pieoe "A" Phi lex "A" and Philex "B"180 words
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Article533 1977-03-10 7 TOKYO: Share prices closed slightly higher as revived Interest In electrlcals towards the close more than offset an Initial decline, dealers said on Wednesday. The Dow Jones average rose 1 60 to close at 5,011.14 with volume 210 million shares The New Index closed at 370.00, up 1 30533 words
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Article345 1977-03-10 7 PARIS: The market eased In quiet trading on Tuesday, ahead of the first round of French Municipal elections next Sunday. dealers said Most sectors weakened, especially banks and electrlcals. but constructions and chemicals were maintained. US and Dutch shares eased but Germans were Irregular Oils were generally maintained while345 words
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Article414 1977-03-10 7 SYDNEY: The market closed higher with constructions, Rropertles, finances and mines lgner, dealers said on Wednesday. The Sydney All-Ordinaries Index rose 2.15 points to 432.29 Stocks and holdings rose five to 2 05 and lAC three to 54 despite news Its debitor Parke* Development* went Into liquidation. The Natioaal,414 words
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Article339 1977-03-10 7 TORONTO: The composite Index dropped two points during the final hour and the market closed narrowly lower on Tuesday Modest gains were made among the papers, while base metals were generally off. Among the major changes. MEPC Canadian Properties jumped I' 4 at B'* on 6,500 shares. Vulcan Industrial339 words
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Article426 1977-03-10 7 HONOKONO: The market closed easier on Wednesday, but above the morning's lows in fairly thin trading, as a technical recovery In the afternoon followed selling, mainly by smaller Investors. In the morning dealers said The Hang Seng Index rose 0.40 point to 419.06. Jardine Matheaon rose 10 cents to426 words
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Article85 1977-03-10 7 MAR OS Bahts Asia Fibre 132 Bangkok Bank 255 unch Bangkok Invest 158S Bangkok-Metro-politan Bank Bala 37# -2 Berli Jucker 172 -I Charoong Thai Wire 155 -3 Dumex Duslt Thanl Faber Merlin First Trust Indo-Thal J And J Ho 2M ♦2 Jalaprathan Cement 86 I Karnasuta Lee Kwang Mln85 words
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Article265 1977-03-10 7 MAR Of) Dm Aef-Telefunken 87 20 +0.6 Akzo 29 50 +0 1 Allz Leben 504 00B Allz Vers 393 00 -2 BASF 157.30 -0.5 Bay H T Wbank 288 00 -3 Bay Vbank 262 50 -4 Bayer 135 20 -1.1 BBC 235 00BBMW 224 50 Cassella 413 00 -2265 words
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Article185 1977-03-10 7 MAR <» Francs Actions Sulsses 258 2 Alusutsse Br 1435 -5 Alusulsse Reg 578 +3 Brown Boverl Br 1505 -S Clba Oelgy Br 1345 10 ClbaOlgy PC 1060 +5 Clba Gelgy Reg 852 +5 Credit Suisse Br 2715 10 Credit Suisse Reg 483 1 Elektrowatt Br 1760 15 George185 words
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Article103 1977-03-10 7 MAR 08 Lire Anlc 368 -1 Assoc Gen ***** 50 Bastogl 791 -4 Centrale 5700 unch Flat 1786 13 Ftnslder 168 ♦8 75 Gen Immob 124 50 +4.5 IFI Prl 1798 12 Italcementl ***** 30 I taigas 968 50 +2.5 It&lslder 230 17 Magnetl M Pf 408 1 Marelll103 words
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Article137 1977-03-10 7 MININGS Anglos 445 <■5 Anglvaal 1450B -25 Beffels 1500 -2S Blyyoors 650 -10 Brand 1750 -100 Charter 330 Cons Gold Cons Murch 840 •f 15 De Beers Def 413 -2 E R Cons E R Props 480 unch Easdrle 1050 -30 Elsburg 175 -7 FSDev 185 Frefuls 2100 -25137 words
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Article98 1977-03-10 7 FINANCIAL TIMES INDUSTRIAL Tuesday 404.2 Monday 406 9 Week ago 410.4 DOW JONES AVERAGE INDUSTRIALS Tuesday 952.04 Monday 955 12 Week ago 944 73 LONDON DOLLAR PREMIUM Tuesday 106 1 to 106S Monday 107H to 108*fc H.K. HANG SENG Tuesday 418 66 Monday 422 88 Week ago 433 2898 words
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639 1977-03-10 7 FT BRUSSELS, Wed. The latest Belgian government moves to reduce the public borrowing requirements are cautiously welcomed "as a first though clearly Insufficient step" towards easing conditions for private Investment by Soclete Generate de Belglque In Its annual report. But the main concernFT - 639 words
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Page 7 Advertisements
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Advertisement176 1977-03-10 7 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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COMMODITY REPORTS AND PRICES
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Article749 1977-03-10 8 THE Singapore rubber market yesterday opened slightly higher and later advanced further on speculative demand for April and near forwards, dealers said. April was traded at a high of 207.50 cents but towards the morning close, prices fell back on profit-taking. Turnover was fair. The749 words
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Article30 1977-03-10 8 Rubber: March 9 Singapore: April 207.00 eta. (up 1.50 eta.) Malaysia: Apr. 210.25 eta. (up 1.75 eta) Tin: $1,655 (up $15.00) Official offering: 225 tonnea (down 26 tonnea)30 words
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Article231 1977-03-10 8 IN the Singapore gold market yesterday, the kilobar was thinly traded In the range of 5511.730 to SSI 1,760. In lacklustre trading the loco London gold fluctuated In a narrow bank of U*****.00/ 147.40 to U*****.30/ 147.80. The London morning fix was U*****.25 down $2.00 on the previous fix.231 words
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Article106 1977-03-10 8 AplMay. R.A.S (Current Mth) (Fo. rward Mti) Buyer* Seller* Buyer* Seller* (cei lUpcrkf) (e» nt* per kf) SSR20 (1-ton Pallet) 192 50 194. SON 194 00 198 OON SSR50 (1-ton Pallet) 100 00 192 OON 191 SO 193.SON M.R.E.L.B. SSR 5CV (1-ton Pallet) 225 00 227 OON106 words
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Article224 1977-03-10 8 THE Straits tin price in Penang yesterday was up $15 to $1,655 on an official offering down 26 tonnes to 225 tonnes. In LONDON yesterday, tin advanced a further £30 for Cash and £35 for Three Months in both contracts. Three Months standard went to a record £6,600224 words
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Article61 1977-03-10 8 THE Malaysian Minister of Finance has fixed these rates for the period from March 10 until further notice: Rubber 93 cents a lb Copra $914.00 a ton Palm kernel $235.25 a ton The rate of duties payable are: Rubber lift cts. a lb (Surcharge cts. a lb) (Total61 words
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Article295 1977-03-10 8 LONDON, Wed. Copper closed £0.50 per tonne higher all round for wirebars In the morning. Cathodes were £1.50 higher to unchanged for Cash and @0.50 higher to unchanged for Three Months. Dealers said prices shaded from higher earlier levels under the Influence of light trade selling prompted by the295 words
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Article96 1977-03-10 8 LONDON, Wed. Lead eased by £7.50 per tonne all round In the morning. Trade sources attributed this to liquidation and stoploss selling. Three Months traded down to £431 before final business at £432. Dealer? said a factor in the recent easier trend was a felling among market oper- ators96 words
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Article118 1977-03-10 8 THE following Palm Oil prices were i Quoted in London on Tuesday The prices are elf Rotterdam and are quoted In I JS dollar per ton unlets otherwise stated Tuesday Pre*. Malaysia 5*f fa bulk unch 571 sir May /June Sumatra 5% Mch 5#2W/597*pd 505 sir Apl May118 words
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Article280 1977-03-10 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil Bulk $95 sellers, old drum 1100 sellers, new drum 1109 sellers Copra: Mixed (loose) UK/Cont $43 buyers Pepper Muntok ABTA white f o b. 100H NLW $362 W sellers. Sarawak white f o b. 96% NLW280 words
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Article275 1977-03-10 8 LONDON, Wed. Some follow-through buying interest was attracted after the recovery at the opening call and May traded up to £3,920, a gain of £10, before profit-taking halted the advance. Prices at the end of the morning were £20 up to £12 down. Sales totalled 1,709 lots. Market sources275 words
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Article207 1977-03-10 8 CHICAGO, Tues. Soybean futures finished the session with losses of six to 2 1/2 cents a bushel in the nearbys and 1/2 cent higher to unchanged in the three deferred positions. A sharply higher opening marked the day's furthest upward penetration and new seasonal highs for old crop contracts.207 words
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Article160 1977-03-10 8 CHICAGO, Tues. Wheat futures closed 3 1/4 to 2 1/2 cents a bushel higher, finishing In the middle of the day's four cent trading range. Tfte .Initial strong advance if* soybean futures added buying interest to the speculative support encouraged by the. sale of Australian wheat to China, reducing160 words
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Article169 1977-03-10 8 LONDON. Wed. Silver losses ranged from 2.2 to 2.8 pence per troy ounce In the morning. The market was unsettled by the lower gold fix, dealers said. Modest liquidation in the Ring was quite well absorbed, however, with Three Months finally changing hands at 288.7 pence compared with the169 words
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Article65 1977-03-10 8 LONDON, Wed. Zinc lost i £1.50 per tonne for Cash and j around 0.25 for Three Months In the morning with values retreating from < earlier higher levels. But with dealers reporting fur- t ther fresh buying In this I market, the tone looked steady. Trading was modest as65 words
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Article222 1977-03-10 8 LONDON, Wed. Terminal opened quiet with prices £1.20 to £0.25 below Tuesday's 1700 hours levels in sales of 238 lots. Market sources said there was no fresh news and traders were tending to discount rumours of Chinese white sugar selling Interest until more definite news is received. Quiet conditions222 words
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Article214 1977-03-10 8 BANGKOK, Wed. Indicative prices quoted for rice were: In HONOKONO, the market was quiet with prices unchanged. The day's turnover was 319 tons comprising Thais, 79, Kwangtungs 162,, -and. Australian 78. The arrivals were from Kwangtung 300. tons and Australia 295 tons.^ US dollars per tonne fob basis Bangkok214 words
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MONEY AND EXCHANGES
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Article517 1977-03-10 8 DEALERS reported yesterday that the lnter-bank market In local dollar deposits was swimming with funds. Overnight rates opened In the morning at the 2 3/4 per cent level, slightly In line with Tuesday's tom-next deposits which were quoted at the 2V» per cent level. And as on Tuesday, the517 words
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Article177 1977-03-10 8 Asian rates ASIAN currency deposit interbank rates u at close on March 9 US Dollar* (Spot) Offer Bid 7 days 4 7/» 4 3/4 1 mth 4 11/1# 4 e/ie 2 mths 4 15/16 4 13/18 3 mths 5 1/8 s 6 mtris 5 1/2 5 3/8 9 mths 5177 words
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Article47 1977-03-10 8 RANOE of prices offered by discount houses on March 9 Overnight to 3* Call deposit JH CW4 Buy HaUiaf 3-month Treasury bills 3 2% 3-Month Bank bills 3\ 3 V. 3-Month CD 4* 4 1/16 •-Month CD 4 7/16 4 5/16 Source: National Discount Co. Ltd.47 words
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Article177 1977-03-10 8 Euro rates LONDON, Wed. Period Eurodollar deposits opened lower up to five months reflecting the Friday dealings technicality In a continuation of recent very quiet conditions, dealers said. Shorts opened steady. Initial technical losses ranged from 1/4 In one Month to 1/16 In Five Months. Early trading was rather slack177 words
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Article243 1977-03-10 8 LONDON, Wed. The Swiss franc, the mark and some other European currencies declined against the dollar In early dealing. The franc retreated to 2.5655/65 from its 2.5550/60 overnight quote, apparently after a further burst of liquidation motivated by the more favourable shortterm Interest rates available outside Switzerland, dealers said.243 words
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Article134 1977-03-10 8 NEW YORK. Tues. The dollar closed slightly firmer after an exceptionally quiet trading session, dealers said. Only the Canadian dollar showed any great volatility, closing slightly weaker at U595.30/32 cents from 95.34/36 cents overnight after touching about 95.70 cents. Dealers nere and In Canada said trading was thin134 words
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Article137 1977-03-10 8 TOKYO, Wed. The US dollar for overnight delivery closed higher at 282.15 yen, compared to 282.10 at the opening and 281.70 at yesterday's close. The rise reflected the easiness of the yen in overseas centres and continued buying by some banks to reduce their oversold dollar position, dealers said.137 words
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Article131 1977-03-10 8 HONGKONG, Wed. The US dollar eased to a late HK54.6240/60 from yesterday's late $4.6255/75 but firmed against the mark and Swiss franc, dealers said. The US unit rose to 2.3980/90 marks from the opening 2.3950/60 and to 2.5650/70 Swiss francs from 2.5630/50, with most activity In the Swiss franc,131 words
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Article39 1977-03-10 8 THE Monetary Authority of Singapore (MAS) Invites banks and discount houses to tender for: S2O million 91-day Treasury Bills to be Issued from March 14 to March 18. Each tender must not be less than $250,000.39 words
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Article55 1977-03-10 8 Minimum lending rates (in ACBC 6*, First Chicago 6* 6* Citibank 6*. Bangkok Bank .7 HSBC 7 Bank of America 6*. Indosuez 6* Bank of China ..7 Malayan Banking 6*» Bank of Tokyo Mitsui Bank Bank Negara OCBC v Indonesia .7 OUB Chartered Bank UCB 7 I Chase Manhattan 6*.55 words
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Article48 1977-03-10 8 AUSTRALIA/NZ exchanges quoted on March 9. Australia: Sterling 0.6430/0.6360 US dollars 1.1004/1.C956 Ninety-day air mall buying rates: Sterling 0.6683 US dollars 1.1254 Ninety-day forward buying rates: Sterling 0.6512 US dollars 1 0928 New Zealand: Sterling 0.5578/0.5547 US dollars 0.9628/0.9528 Ninety-day forward rate: Sterling 0.5900 US dollars 0.981448 words
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Article60 1977-03-10 8 ZURICH exehanges closing quotes on March 8. U8 a. 5660 5570 UK 4.3900 3935 Can 2 4445 4465 W Germ 106.69 75 Neth 102.38 47 France 51.28 32 Belg 6.96V:. 97 Denm 43.40 43 Norw 48.64 67 Swed 60.55 58 Italy 0 2886 2888 Austria 15.00 15.02 Port 6.5860 words
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Article41 1977-03-10 8 FRANKFURT exchanges opening quotes on March 9 US 2.3980/90 (2.3945/50) Can 2.2865/85 UK 4.117/127 Neth 95.90/ 96.05 Swltz 93.35/ 50 Italy 2.707/ 717 France 48.07/ 17 Norw 45.38/ 46 Belg Com 6.520/ 535 Belg Fin 6.51/ 53 Japan 0.8490/ 850541 words
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Article313 1977-03-10 8 LONDON, Wed. Straight bonds were quietly steady with gains of 1/8 point In places on scattered buying, dealers said. Convertible Issues tended quietly steady. Straights Bid Offer Austria a*. 100V. 101* Bell Canada 8* 88 105 V. BFCE 8\ 83 101* 102 V. Brazil 9* 84 98* 97%313 words
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Page 8 Advertisements
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Advertisement437 1977-03-10 8 THESE ARE THE BOOKS THAT HITLER BURNED THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies, withered tyrants, opened437 words
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TRANSPORT AND COMMUNICATIONS
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621 1977-03-10 9 KEVIN DUNN - By KEVIN DUNN Reuter THE GOVERNMENT has begun relaxing its Iron grip on national television as Spain prepares for the first democratic general elections In 40 years. The role of television, until now a state monopoly, will be crucial when scores ofReuter - 621 words
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Article, Illustration917 1977-03-10 9 JOSEPH MANN - THE Singapore Government is now in the process of deciding whether or not to give the go-ahead for the construction of the costly mass rapid transit (MKT) system. Caracas is the latest city to announce that construction of its subway will start soon. PerhapsFT - 917 words
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389 1977-03-10 9 GREGORY JENSEN - By GREGORY JENSEN UPI THE SS Great Britain lies now like some great beached whale, her Interior a damp echoing cave, her Iron plates rusted with Jagged holes. She Is not very appealing. Yet this, says Richard Goold-Adams, Is "the most historic modernUPI - 389 words
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Article, Illustration378 1977-03-10 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Basca (HOFM) (1800 after Olso Maru) 25/20 Bremen Maru (JKKU) (1400 after Harunasan Maru) 44 Cherry Vllja (B. Barge) (1000) 44 Fernvlew (1200 after Mersey Lloyd) 38/30 Oolden Haven (0000 after Femandoeverett L Nordhausen hauls) 8/9 Green Lotus (3FWL) (0700 after Tutong) (Subject378 words
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Article192 1977-03-10 9 AP LONDON, Wed. Timechartering ipread over I wide area, but tingle-voyage business drew to a virtual standstill yesterday on the London freight market. Consequently, rates in the Western Hemisphere trading remained on the weak side, with little new enquiry reported for North American grain tonnage. European time-charterAP - 192 words
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Article586 1977-03-10 9 ARRIVALS Ci „l 961 vice Operator Number Local Time From CPA CX003 0145 HKO MAS MH882 0810 KCH SIA SQ211 1010 HLP CPA CX710 1030 HLP OIA GA980 1030 HLP OLA OA 908 1100 MES PAL PR501 1115 MNL RBA BI325 1155 BWN SIA SQ201 1200 HLP586 words
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Article162 1977-03-10 9 SCANDINAVIAN Airlines will from April 1 add Kuwait and Barcelona to its worldwide network. The new Barcelona service will be flown three days a week via Nice. A second dally round trip will be added between Oslo and Amsterdam. Kuwait will be served for the162 words
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Article79 1977-03-10 9 CATHAY Pacific Airway• is to commence a new three-timei-a-week service between Singapore and Penang, from April 4. The new service will also initiate Cathay Pacific's first link between Penang and Hongkong, and Bangkok. Mr. Teo Hock Seng, Cathay Pacific's manager, Singapore, said the new service79 words
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Page 9 Advertisements
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Advertisement46 1977-03-10 9 Peter Benchley 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment' -IWLY TELEJiRAPH 'For the second time -the book you can't put down' -DAILY MAIL ,1 Now on Sale at your regular bookshop Distributed by: TIMES DISTRIBUTORS SDN. BHD. Timat Houm, River Valley Road, Singapore 946 words
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Article, Illustration1401 1977-03-10 10 V.K. Chin - After 28 years, the MCA is still struggling for Chinese support. The party is suffering from its 'towkay' image even though it is recruiting more people from the working class By V.K.Chin AFTER 28 years, everyone would have expected the Malaysian Chinese Association, the largest Chinese1,401 words
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1151 1977-03-10 10 GERRY BUTCHER - By GERRY BUTCHER THE MOST important topic of conversation In Canada over recent we€ks almost certainly has been the left knee of Bobby Orr, Idolised defenceman of the National Ice Hockey League. After five operations that scarred knee may mean the end of1,151 words
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Article, Illustration816 1977-03-10 10 DENIS GRAY - By DENIS GRAY AP ON FOOT or driving his own white Landrover up twisting, mountain trails. Rama IX King of Thailand, monarch of semidlvlne status and man of a dozen talents moves on the frontline of war against the world's drug trafficking. TheAP - 816 words
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941 1977-03-10 10 JONATHAN KENDELL - By JONATHAN KENDELL NYT IT'S King Coffee again In frazil. Almost overnight, soaring coffee prices have dramatically Improved the country's economic outlook and raised the bean to a position of eminence. This year, government officials are predicting that coffee export earnings will reach US$4NYT - 941 words
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Page 10 Advertisements
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Advertisement490 1977-03-10 10 7 V r\ 14 fei'. V i* '■V? It J t v> Southeast Asia has as many faces as there are eyes in a peacock's tail— And the Straits Times Annual has painted them all, in peacock-colours. Laving up to a long-established record of quality reporting on the culture, on490 words
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573 1977-03-10 11 UPI ISLAMABAD, Wed. Rejecting opposition charges of vote fraud, Prime Minister Zulflkar All Bhutto said yesterday he won a landslide victory fairly and will use his mandate to bring the country Into the 20th century. "It was a genuine landslide, IUPI - 573 words
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Article153 1977-03-10 11 Reuter WELLINGTON, Wed. Nine southern Pacific coun.rles have agreed to form the South Pacific Forum Shipping Line following a meeting between Government officials in Nauru, the New Zealand Ministry of Foreign Affairs said. The Cook Islands, the Gilbert Islands, FIJI, Nauru, New Zealand, PauaReuter - 153 words
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131 1977-03-10 11 Reuter TOKYO, Wed. A group of three Japanese firms will construct a 110 km natural gas pipeline and related equipment in south Sumatra, Nlgata Engineering said. It said the Indonesian Government has recently sent a letter of intent for the US$2l million (SsslReuter - 131 words
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125 1977-03-10 11 Reuter HONGKONO, Wed. Hongkong and Shanghai Banking Corp general manager John Boyer said he does not entirely rule out the breaking of the Interest rate agreement among the Hongkong exchange banks but said this should not be done lightly. The breaking of theReuter - 125 words
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Article31 1977-03-10 11 LISBON. Wed. Portugal's foreign trade deficit last year was a record 73,068 million escudos (554.6 pillllon) 45.7 per cent greater than in 1975, the National Statistics Institute said yesterday.31 words
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292 1977-03-10 11 Reuter MANILA, Wed. The British Government may take action against the owners of a Britishregistered tanker over the forced eviction of 28 Filipino seamen, the British Embassy said In a statement here today. According to reports here, a group of 40 British seamenReuter - 292 words
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Article116 1977-03-10 11 Reuter TOKYO, Wed. Two Hongkong shipowners have ordered five 41,000 dwt bulk carriers worth about 25 billion yen In total from Japan for delivery by the end of 1978 and 1979, Mitsui Engineering and Shipbuilding said. Mitsui said It received three of the five orders fromReuter - 116 words
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Article70 1977-03-10 11 BANGKOK, Wed. Thailand will seek foreign loans totalling US$l.5 billion (553.7 billion) to finance part of its $12 billion five year economic development plan starting this year, a National Economic and Social Development Board spokesman said. He said the World Bank and the Asian Development Bank will70 words
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Article87 1977-03-10 11 Reuter BRUSSELS, Wed. The Common Market failed to agree on whether to seek a major revision of the current International MultiFibre Textile Agreement. EEC officials said that at a meeting of foreign ministers here, West Germany, Denmark and the EEC Commission argued that the Community's problemsReuter - 87 words
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272 1977-03-10 11 AP BANGKOK. Wed. US military planet will toon resume flights into Thailand to bring military supplies for the Thai Armed Forces, a Thai air force spokesman said today. The flights were suspended last July during withdrawal of all American forces from the country,AP - 272 words
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Article238 1977-03-10 11 Reuter NEW YORK, Wed. World sugar market traders here said they doubted China was offering 50,000 tonnes of white sugar on the open market. They said they believed China was more likely to be offering white sugar in a closed deal as part of aReuter - 238 words
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Article, Illustration512 1977-03-10 11 TOUGH UNION CHIEF'S NEXT ASSIGNMENT HANOI UPI BANGKOK, Wed. Mr. Leonard Woodcock turns next week from negotiating for his American car workers to bargaining on behalf of his country against Vietnam. The chief of the United Auto Workers union (UAW) heads a US team which will visit Hanoi and attemptUPI - 512 words
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Article, Illustration431 1977-03-10 11 UPI NEW DELHI, Wed. Prime Minister Indira Gandhi said yesterday that the opposition parties could not hope to win a majority In next week' s national elections amidst opposition charges that the polls will be rigged. Mrs. Gandhi, now on a whirlwindUPI; UPI photo. - 431 words
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Article295 1977-03-10 11 Reuter TOKYO, Wed. Japanese motor manufacturers are raising their export targets In view of active overseas demand, especially In North America. Honda Motor said It exported 37,000 vehicles, mostly cars, In January and 42,000 In February compared with Its original target of 30,000 vehicles aReuter - 295 words
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Article194 1977-03-10 11 Reuter MANILA, Wed. Three new wells, Including one In the Reed Bank area west of the central Island of Palawan, are scheduled for drilling this month, the Energy Development Board said. This brings to five the number of wells being drilled In March aloneReuter - 194 words
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Article88 1977-03-10 11 AP BANGKOK, Wed. The Vietnamese Prime Minister's Office announced that elections of people's councils and people s committees at all levels will be held this year throughout the country, the Vietnam News Agency (VNA) reported today. The VNA dispatch, monitored in Bangkok, said the elections will beAP - 88 words
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169 1977-03-10 11 Reuter TOKYO, Wed. Japanese Prime Minister Takeo Fukuda today disbanded his faction within the ruling Liberal Democratic Party as a first step towards revitalising the Party. The faction, thought to toe the Party's second largest, will close its office and withdraw Its registration with theReuter - 169 words
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458 1977-03-10 11 Reuter MANILA, Wed. Mrs Imelda Marcos, the Philippine President's wife, will leave for Libya tonight In an apparent effort to break the deadlock In peace talks between a government panel and Filipino Muslim rebels, military sources said. There has beenReuter - 458 words
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Article227 1977-03-10 11 Reuter HONGKONG, Wed. Sydney Stock Exchange committee member J.H. Valder said Australian Interest rates should be lowered, both as a means of reducing costs and as a stimulus to the economy generally. He told an Investment seminar here rates are currently being held at high levelsReuter - 227 words
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Advertisement377 1977-03-10 11 APPOINTMENTS FAIRCHILD SINGAPORE PTE. LTD. Invites applications from suitably qualified candidates for the following positions:QUALITY ASSURANCE ENGINEER Applicants should possess a Degree/ Diploma In Electrical or Electronic Engineering. Preferably with 1 to 2 years' related experience In Testing Quality Control. PROCESS ENGINEER Applicants should Ideally be experienced In a semiconductor377 words
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Advertisement95 1977-03-10 11 An electronics equipment manufacturing industry backed in technical know-how by one of the largest manufacturing establishments requires ELECTRONIC PROJECT ENGINEER An engineering degree or equivalent. Preference will be given to candidates specialising in Electronic/ Electrical engineering. Minimum 2 years' relevant experience in .communication system analysis, preferably relating to FM VHF95 words
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426 1977-03-10 12 UPI WASHINGTON Wed. President Carter today ordered all restrictions lifted on travel by US citizens to Cuba, Vietnam, North Korea and Cambodia as of March 18. Mr. Carter told a news conference he has been "concerned about the problem of American citizensUPI - 426 words
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Article344 1977-03-10 12 UPI LONDON, Wed. Prime Minister James Callaghan left for Washington today on a flag-showing flight by Concorde for talks with President Carter, likely to be overshadowed by mounting British and French anger over the uncertain future of the controversial supersonic Jetliner. Mr. CallaghanUPI - 344 words
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Article784 1977-03-10 12 LONDON. Wed Government bonds scored a broad advance helped by the latest banking statistics which showed a further fall In money supply, speculation of a settlement In the British Leyland labour dispute and the firmness of sterling Some of the buying was again from overseas sources and turnover784 words
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212 1977-03-10 12 NATIONAL Supply Co. Is the latest addition to an ever growing list of companies setting up here to manufacture and service oil field equipment enhancing Singapore's reputation not only as a service base for oil exploration activities In Asia but also as a212 words
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Article165 1977-03-10 12 UPI RIO DE JANEIRO, Wed. The Brazilian Coffee Institute yesterday announced an Increase In the export tax for coffee from US$l2O (*****) a sack to $125 a 60kg sack. Spokesmen said the Increase was a return to the IBC normal policy of Increasing the tax, calledUPI - 165 words
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152 1977-03-10 12 AP JAKARTA, Wed. Indonesia Ambassador to Tokyo, Lt. Gen. A.W. Wltono, said here today there was no indications of a slowdown of Japanese investment In the country although the Government has tighten Its Investment policy lately. Gen. Wltono said "the JapaneseAP - 152 words
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Article29 1977-03-10 12 Reuter BANGKOK, Wed. Thailand's rice exports rose to 225.400 tonnes in February from 206,800 In January and 144,800 In February 1976, Foreign Trade Department sources said. Reuter.Reuter - 29 words
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Article302 1977-03-10 12 PANDAN, bounded by Pandan Reservoir, Jurong River, Selat Jurong and West Coast Road, has good prospects of becoming an Industrial estate. The area, comprising 182.1 ha of Industrial land developed over the last seven years. Is beginning to attract Investments of a substantial nature, Including one by302 words
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386 1977-03-10 12 FORECAST BY EXPERT AP HONGKONG, Wed. A leading Japanese researcher said today Japan's trade surplus with the United States Is expected to drop from US$5.3 billion (Ssl3 billion) in 1976 to $4.8 billion this year. Mr Jlro Tokuyama, managing director of Nomura ResearchAP - 386 words
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Article443 1977-03-10 12 UPI BUCHAREST. Wed. The United States warned Rumania today a second major earthquake could strike the country within days or months with an Intensity as great as the one on Friday that killed more than 1,000 people. It offered full American assistance In tryingUPI - 443 words
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Article241 1977-03-10 12 THE Singapore Bus Service has begun distributing 50,000 questionnaires to residents and would-be residents of Housing Board New Towns In its first major publicly announced transport survey. An SBS statement said that 10,000 copies of the questionnaires, available at the Housing Board Sales Unit in the Ministry241 words
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Article244 1977-03-10 12 THE postal department will extend Its Express Mall Delivery Service to enable the public to send urgent mall to every part of the Island by special postal messenger. This express service Is only one In a wide range of services and Improvements announced yesterday by the244 words
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Article118 1977-03-10 12 TWENTY managers from Tractors Singapore Limited (TSL) and Tractors Malaysia Berhad, TSL's parent company, will attend a major regional earthmoving conference at the Hyatt Hotel from March 14 to 17. The conference, organised by Caterpillar Far East Ltd, will also be attended by managers from118 words
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165 1977-03-10 12 THE PWD is constructing a new Internal road system at the Paya Lebar Airport which will link the various airport projects under development. These projects include a new arrival hall, an airfreight terminal and the three new aircraft parking aprons located In front165 words
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Article125 1977-03-10 12 STOCKS of rubber in Singapore at the end of last year fell to the lowest level In one-and-a-half years. At the end of December, stocks of rubber with Singapore dealers had fallen from an average of 46,000 metric tonnes throughout the year to125 words
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Article, Illustration184 1977-03-10 12 Reuter BRUSSELS, Wed. Belgian Premier Leo Tlndemans (above), beset by a government crisis, today dissolved Parliament and set a general election for April 17, the Prime Minister's Office said. The decision was taken after overnight consultations between Mr. Tlndemans and King Baudouln. It followedReuter - 184 words
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86 1977-03-10 12 THE Telecommunications Authority of Singapore has announced telex connections with the Republic of Guinea and the Republic of Niger. Telex subscribers can now obtain connections to these countries. The rate for an international telex call to both destinations is based on a minimum chargeable86 words
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Article73 1977-03-10 12 RANK Xerox in SlngaK ore/Malaysia is acting as ost to a major planning conference of a newlycreated Rank Xerox organisation to handle operations outside Europe. General managers, financial controllers and marketing managers from 12 operating units In the Middle-East, Europe, Africa and the Far East will attend73 words
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Article75 1977-03-10 12 AP JAKARTA, Wed. President Suharto will inaugurate Handll oilfield off East Kalimantan on March 30, Governor of East Kalimantan Wahab Syahranl said today. He told reporters, following a meeting with Mr. Suharto, that the oilfield has been producing 200,000 barrels of crude oil per day sinceAP - 75 words
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Article57 1977-03-10 12 CANBERRA, Wed. Australia has signed a contract with China to supply two million tonnes of wheat worth about A*2oo million (Sss4o million) ensuring the clearance of virtually the entire carryover stocks from last year's Australian harvest. The wheat will be shipped between next June and January, with57 words
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240 1977-03-10 12 THE Port and Shipping Service* Co-operative Society, an organisation for port workers, haa pledged its support for the Singapore National Shippers' Council (SNSC) in its opposition to the proposed freight rate increase. The society, however, said it appreciates the suggestion made by the FEPC240 words
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335 1977-03-10 12 KUALA LUMPUR. Wed The Standards and Industrial Research Institute of Malaysia (Slrlm) and the Rubber Research Institute (RRI) have found rubber trees "as good" as merantl wood for building timber houses. Experiments have shown that wood from rubber trees was stronger than merantl,335 words
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Article128 1977-03-10 12 CAIRO. Wed. The first Afro-Arab summit, which brought together the Third World's major exporters of oil and other raw materials, ended here today after adopting declarations of economic and political solidarity. President Kenneth Kaunda of Zambia said the meeting had succeeded beyond expectations but128 words
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Article142 1977-03-10 12 UPI MANILA, Wed. The Philippines and Czechoslovakia today signed a trade and economic agreement to expand their commercial transactions. Czech Foreign Trade Minister AndreJ Barcak and Philippine Trade Secretary Troadio Qulazon signed the pact. The agreement calls for most favoured nation treatment In customs duties and charges,UPI - 142 words
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Advertisement349 1977-03-10 12 Good reading on iWul. 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 with349 words
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