The Business Times, 11 March 1977
1977-03-11
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The Business Times
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Title Section10 1977-03-11 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, MARCH 11, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article80 1977-03-11 1 Reuter LONDON. Thurs. The Bank of England today cut Its base lending rate to 11 per cent, a one per cent drop. A spokesman said the fall reflected the recent drop In short-term Interest rates. The rate has progressively dropped from the crisis high of 15 perReuter - 80 words
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Article55 1977-03-11 1 UPI BUCHAREST, Thurs. President Nicolae Ceausescu said today the earthquake that devastated Rumania will not set back its economic development, though the disaster cost the country at least US$l billion (552.46 billion) In damage. At the same time he appealed to the world to grant Rumania loans andUPI - 55 words
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Article70 1977-03-11 1 Reuter JAKARTA, Thurs. Heavy flooding In west Java has left several thousand people homeless and is threatening to destroy a vital highway Unking the Indonesian capital with the sea port of Orchon. The national Antara News Agency reported today that about two kilometres of the highway wasReuter - 70 words
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Article80 1977-03-11 1 AP DETROIT, Thurs. US car production this week will set a 1977 record for the fourth consecutive week, an industry trade journal says. Domestic car makers plan to build 208,215 cars this week, up more than 12 per cent over the same week a year ago, whenAP - 80 words
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Article73 1977-03-11 1 UPI WASHINGTON, Thurs. Winter food and fuel shortages drove wholesale prices In the United States up 0.9 per cent in February, the biggest increase in 16 months, the Labour Deparment said today. The increase, which translates into a 10.8 per cent annual rate, was caused almostUPI - 73 words
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Article48 1977-03-11 1 KUALA LUMPUR, Thurs. South Korea imported US$2OO million (***** million) worth of goods from Malaysia last year and wants to narrow the trade gap, said the president of the Korea Trade Promotion Corporation, General Chang Sung-whan. Korean exports to Malaysia came to only $20m worth.48 words
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Article34 1977-03-11 1 Reuter BANGKOK, Thurs. Communist guerillas killed four policemen and a civilian in an ambush on a Jeep in which they were travelling in south Thailand, Interior Ministry officials said today.Reuter - 34 words
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Article42 1977-03-11 1 UPI NEW YORK, Thurs. Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 indus 940.99, down 1.91; 20 transp 222.73, up 0.10; 15 utlls 106.72, down 0.32; 65 stocks 307.72, down 0.49; UPI.UPI - 42 words
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Chief Price Changes
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Article, Illustration155 1977-03-11 1 TRADING at the Stock Exchange of Singapore remained lacklustre yesterday. On the option board, premiums continued to narrow. The Business Times index fell 1.21 points to 261.39 while the Straits Times Industrial average was fractionally off at 252.14. Rises I'ld Malacca Dunlop Est FAN Kempas Austral Amal155 words
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Article123 1977-03-11 1 Rises Most active A. Hi tarn Tin *19 «n 9f\ Slme Darby 99,000 D. KfnioAt $6 10 .10 Haw Par 80,000 Taiping Con $2 10 .10 Pan Electric 57,000 $3 88 08 Central Sugars 56 000 Austral Eat. SI.86 .00 Total Turnover: 1.00 M L. Perak $1.55123 words
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1137 1977-03-11 1 TERESA LIM - GOVERNMENT-INDUSTRY TALKS By TERESA LIM A SERIOUS attempt Is finally underway to revive Singapore's shlp-buildlng industry, whose fortunes have been badly hit by the post-1973 recession and other external circumstances largely outside its control. Business Times understands that discussions have recently taken place between local1,137 words
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Article578 1977-03-11 1 KUALA LUMPUR, Thurs. The Malaysian Government Is seeking Information from three other countries Japan, Korea and Singapore which have signed similar long term sugar contracts with Australia for a possible course of action to get more favourable terms. This follows the breakdown in the talks held578 words
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301 1977-03-11 1 Reuter LONDON, Thurs. Hopes of ending a crippling strike at Britain's state-owned Leyland Motor Corporation received a rude shock today when the strike leaders, who were thought to favour a peace formula, suddenly rejected It. Leaders of 3,000 toolmakers who have been on unofficial strikeReuter - 301 words
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147 1977-03-11 1 AP LONDON, Thurs. McDonnell-Douglas Corp., one of the largest US aerospace companies, called on New Y rfc today to grant landing rights to the AngloFrench supersonic Concorde Jetliner. The company, based In St. Louis, Missouri issued a statement about Concorde from its office nearAP - 147 words
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Article149 1977-03-11 1 A US$24 million (Ss6o million) syndicated loan for the Taiwanese Directorate General of Telecommunications was raised recently In the Eurodollar and Asian Dollar markets. The loan, with a sevenyear maturity period, was managed by Morgan Guaranty Trust through Its London, New York, Hongkong and Singapore offices. Other149 words
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Article117 1977-03-11 1 SINGAPORE'S Industrial output grew by only 1.8 per cent in the last quarter of last year, according to the quarterly Index of industrial production of the Statistics Department. In comparison, the rates of growth for the first three Juarters were 8 per cent, .3 per cent, and 7.7117 words
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Article80 1977-03-11 1 Reuter KUALA LUMPUR, Thurs. Kuwait has approved a MS6O million loan to Malaysia for a land development scheme in the •outhern state of Negri Sembilan, repayable at four per cent over 20 years, Malaysian Ambassador to Kuwait, Datuk Jamaluddin Abu Bakar, said. He also said a delegationReuter - 80 words
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164 1977-03-11 1 THE three million depository share* by Fujitec of Japan will be offered to Singapore investors at an issue price of 58.78 each. This represents a €.36 per cent discount from yesterday's closing price of 1,070 yen for Fujitec's ordinary shares on the Tokyo Stock164 words
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Article113 1977-03-11 1 DR. Richard Hu Tsu Yau, chairman of Shell companies in Malaysia, becomes chairman and chief executive of Shell companies In Singapore next Tuesday. He takes over from Mr. J.J. Gerzon who will be leaving Singapore on retirement. Mr. Gerson first arrived here113 words
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400 1977-03-11 1 THE High Court yesterday ruled that the Deputy Registrar of Companies was Justified In cancelling the dealer's representative licence of stockbroker Peter Barry Chapman, 49, but decided that the Registrar was not justified In disqualifying Chapman permanently from holding the licence. In an appeal400 words
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Article153 1977-03-11 1 THE HIGH Court yesterday dismissed a Government claim for $711,451 against a local firm of contractors for alleged breach of contract in a PWD construction project in Woodlands. The amount of the claim against the defendant, Standard Construction, was the differen-e ivtween the higher price of 51,233,500,153 words
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Article98 1977-03-11 1 THE number of unemployed In Singapore at the end of January showed a marked Increase from last December, but this was attributable to the large number of school leavers. The number of persons on the live register rose to 31,769, which is about 1,000 more than that98 words
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Page 1 Advertisements
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Advertisement62 1977-03-11 1 SEXTUS DE SUVA K>tr"faster FOR FINE JEWELS DIAMONDS GEMS SEXTUS DE SUVA* HYDE (PTE) LTD JEWELLERS OF DISTINCTION COLD STORAGE ARCADE 179, ORCHARD ROAD SINGAPORE 9 TEL *****3 INSIDE Overseas newt/TV Commodities —P8 Radio P2 Transport A CoinLocal Co news P4 munications P9 International Co newi— P5 Features PlO Local62 words
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Advertisement99 1977-03-11 1 Copy large size originals on one sheet, size for sizeno 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. On99 words
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Advertisement211 1977-03-11 1 Sfiamrocfi Power Pocket Golf Clubs INjOLFrnu. M 27 Far East Snooping Centre 545 OrcharO Road Singapore 9 T# *****8 Tele« R5?3179 CaWe ParGolt The Corporate Dollar Capital Idle Working Capital Overheads Taxes Reinvestment Cash t i EN m 4ft «t Put your idle cash to work with American Express International211 words
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OVERSEAS
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Article, Illustration381 1977-03-11 2 Reuter WASHINGTON, Thurs. British Prime Minister James Callaghan begins talks with President Carter today on the forthcoming seven-nation economic summit, Southern Africa and the controversial Concorde supersonic airliner. Mr. Callaghan arrived here last night aboard one of the Anglo-French Jets, a deliberate gestureReuter - 381 words
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492 1977-03-11 2 Reuter TOKYO, Thurs. Prime Minister Takeo Fukuda said today he would speak out against the dangers of protectionism at his Washington talks with President Carter on March 21-22 and at the summit of Western Industrialised nations In London In May. Addressing the Foreign Correspondents' Club here,Reuter - 492 words
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396 1977-03-11 2 AP BRUSSELS. Thurs. European Common Market economies have grown further apart In the past year rather than closer together, and they have done less well than the United States or Japan, according to a report. The report's conclusions, released yesterday by the European Commission,AP - 396 words
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Article189 1977-03-11 2 Reuter FRANKFURT, Thurs. German firms are expected to continue increasing direct Investment In the US, mainly because the strong upvaluatlon of the mark against the dollar In recent years has sharply Increased German wage costs compared with those in the US, DG Bank said.Reuter - 189 words
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257 1977-03-11 2 Reuter KUWAIT, Thurs. Kuwait hn told its oil customers that it has no intention of modifying its plan to increase petroleum prices by 15 per cent this year, the newspaper Al-Siyassah said yesterday. The newspaper quoted oil company sources as saying theReuter - 257 words
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147 1977-03-11 2 Reuter LONDON, Thurs. Trade union leaders yesterday told Britain's Labour Government that they would be unable to restrain their members from big pay claims unless action was taken to stop rising prices. Several Cabinet ministers met the influential economic committee of the TradeReuter - 147 words
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309 1977-03-11 2 Reuter UPI NEW YORK, Thurs. The Port Authority of New York •yesterday met Air France and British Airways technical representatives on the Concorde supersonic aircraft, but reached no decision on whether to allow It to land at Kennedy International Airport. After a two-hourReuter; UPI - 309 words
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293 1977-03-11 2 Reuter CANBERRA, Thurs. Australian Prime Minister Malcolm Fraser today welcome a proposal by United States President Jimmy Carter to demilitarise the Indian Ocean, but he expressed some scepticism at the likelihood of its success. Answering a question In the House of Representatives, Mr. FraserReuter - 293 words
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Article243 1977-03-11 2 Reuter THE HAGUE, Thurs. Holland yesterday pledged support for Portuguese membership of the common market but told visiting Premier Mario Soares there were stiff economic problems to be solved along the road. "For the Dutch government, It Is a certainty that Portugal will be a member,"Reuter - 243 words
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Article689 1977-03-11 2 AP LONDON, Thurs The first breakthrough has been achieved In the current international cocoa talks being held In London after a long deadlock between cocoa growing and consuming nations over production and price levels, European Common Market (EEC) sources said yesterday. This does not meanAP - 689 words
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Article, Illustration143 1977-03-11 2 Reuter ROME, Thurs. The Venezuelan government has signed a tentative agreement to buy the Italian luxury liner Chris toforo Colombo for S,2id million U™ (about 8$ 14.3 million) the state-owned Italia shipping line said yesterday. It said the deal still needs the approval of the Italian government andReuter - 143 words
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432 1977-03-11 2 Reuter LONDON, Thurs. The momentum of currency Inflows Into Britain appears to be building up, and shows signs of approaching the scale of the heavy foreign money Influxes recorded in December and January, senior bankers here said. The Bank of England on Tuesday bought theReuter - 432 words
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275 1977-03-11 2 Reuter NEW YORK, Thurs. New York City has unveiled a plan to repay nearly USSI billion (552.5 billion) In overdue debts and avoid Insolvency In the next few days. Mayor Abraham Beame, who outlined the plan at a CityReuter - 275 words
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Article, Illustration903 1977-03-11 2 STEWART KELLERMAN - By STEWART KELLERMAN UPI TEL AVIV, Israel, the largest recipient of American military aid, exports hundreds of millions of dollars In arms each year sometimes In conflict with the spirit, If not the letter, of US policy. But Israel's free-wheel-lng arms Industry IsUPI - 903 words
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Page 2 Miscellaneous
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Miscellaneous266 1977-03-11 2 RADIO SINGAPORE 5 3.00 P.M. Opening Announcements followed by Housewives' Matinee "It's Spring Again" Pt. 2 of a Mandarin film (r) 3.55 Diary of Events (Chinese) 4.00 Window (Chinese) (r) 4.30 Intermission 6.05 P.M. Opening Announcements followed by Exercise with Gloria 6.30 News in Brief 6.35 It's All Man Made266 words
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Miscellaneous69 1977-03-11 2 A UH.ER WEATHER repot! for 24 hours prior to 7.30 p.m. on March 10 at Singapore airport. Maximum temperature 29.5° C Associated humidity 02 Minimum temperature 22.2° C Associated humidity 97 Hours of sunshine 4.55 Rainfall in millimetres nil Total rainfall for the month 12.2 Total rainy days for the69 words
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Page 3 Advertisements
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Advertisement215 1977-03-11 3 A golfer's unique experience JlkV 4 9* W The exdsasive new GENTING HIGHLANDS is now accepting members Malaysia's first true mountain course covering eighteen holes spread over 200 acres (95 hectares) amidst the lush mountain scenery. A thousand metres up in the Genting Highlands where cotton wool clouds drift calmly215 words
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COMPANY NEWS
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1032 1977-03-11 4 A sharp reduction In Investment Income, coupled with the loss Incurred In nonhotel operations, has accentuated the rate of decline In group earnings at Goodwood Park Hotel for the year ended Sept 30,1976. Against a 4.4 per cent decline In 1974/75, group S1,032 words
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Article377 1977-03-11 4 Current Ex Date Total for Total for payment Date payable the year previous year M. Tobacco 35% Feb 7 Maris 50% 40% Wilkin ton Proem 15% Mar 7 Mar 24 20% 39.1%a Idris Hyd 30%I Mar 25 00%I 71.5% Tanjong Tin 13.3%I Mar 25 20.7%I 30.9% A. Amalgamated377 words
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COMPANY MEETINGS
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Article18 1977-03-11 4 THE following company meetings are due: Mar 15, 2.30 p.m., 70 Jalan Ampang, Kuala Lumpur.18 words
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Article16 1977-03-11 4 Mar 17, 11 a.m., Registered Office, 178-3 Jalan Sungel Besl, Kuala Lumpur.16 words
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Article17 1977-03-11 4 Mar 19, 12 noon, Registered Office, No. 5 Jalan 203, Petallng Jaya, Selangor.17 words
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Article15 1977-03-11 4 Mar 21, 11 a.m., 13th Floor, Tunas Building, Anson Road, Singapore 2.15 words
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Article12 1977-03-11 4 Mar 22, 11 a.m., Registered Office, Batu Tlga, Selangor.12 words
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19 1977-03-11 4 Mar 23, 11 a.m., 11th Floor, Chartered Bank Building, 2 Jalan Ampang, Kuala Lumpur.19 words
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Article21 1977-03-11 4 Mar 23, 12 noon, Studio 3, sth Floor, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur.21 words
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17 1977-03-11 4 Mar 24, 2.30 p.m., Registered Office, 70 Jalan Ampang, Kuala Lumpur.17 words
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Article13 1977-03-11 4 Mar 25, 12 noon, Registered Office, 14 Lokyang Way, Singapore 22.13 words
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441 1977-03-11 4 THOUGH Aokam Tin's interim profit is slightly lower than the previous corresponding period, It is a vast Improvement on the Ms 2 million earned In the second six months of the 1975/76 year. The results In the second six months to end-June 1976 were441 words
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Latest results
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Article114 1977-03-11 4 Group pre-tax profit $2.85 million (11.91 million) for the year ended Dec 31, 1976. Sales $94.04 million ($62.77 million). Tax $1.32 million ($802,000), leaving after-tax profit $1.53 million ($1.11 million). Depreciation $399,000 ($290,000). Parent pre-tax profit $3.09 million ($2.33 million). Sales $92.52 million ($59.98 million). Tax $1.28 million ($850,000),114 words
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Article1406 1977-03-11 4 On March 9 CHICAGO Board Options Exchange Volume on Wednesday was 110,233 contracts, up from 106,899 on Tuesday, and declining series outnumbered advances 453 to 72. OPTION APL JLY OCT STOCK Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon Avon1,406 words
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1003 1977-03-11 4 THE buoyant profit achieved by Yeo Hlap Seng in the year ended Sept 30. 1976, has given the chairman, Mr. Yeo Thlan In, sufficient reason to be elated about Its future prospects. First, the 33 per cent Increase In group1,003 words
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803 1977-03-11 4 MARY CAMPBELL - By MARY CAMPBELL FT CONCERN about commercial banks' exposure to less developed countries (LDCs) expressed forcibly recently by Mr. Arthur Burns, chairman of the U.S. Federal Reserve Board Is now stimulating a marked Improvement In the flow of information on the economic position ofFT - 803 words
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310 1977-03-11 4 GOOD fortunes continue to shine on Malaya Olass which just announced another good half year ended Jan 31, 1977, with a pre-tax profit of M 5586.000. up 21 per cent from the corresponding period last year. Sales were down marginally by 1.5 per310 words
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Article106 1977-03-11 4 Reuter TOKYO. Thurs. Nippon Chemical Condenser said it and Union Carbide have reached agreement to set up a joint venture in Japan to make tantalum foil type condensers (capacitors) for use in computers and electronic devices for cars. The new firm, with initial capital of 300 millionReuter - 106 words
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Article82 1977-03-11 4 HONGKONG. Thurs. Unaudited consolidated net profit at Hongkong Electric rose to HK5135.42 million from $113.24 million last year. Earnings per share came to 36 cents compared with last time's 31 cents adjusted for the three-fcr-10 scrip issue and one-for-10 rights issue. The company Is paying a final dividend82 words
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Page 4 Advertisements
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Advertisement191 1977-03-11 4 COLLEQTINQ Oriental Antiqmej by Judith Moorhouse and Dries Blitz ry Hamlyn Group, London. 6s L SU i <r > ;v Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the191 words
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INTERNATIONAL COMPANY NEWS
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238 1977-03-11 5 LONDON, Wed. Boosted by overseas profits Rentokil achieved a 16.8 per cent Increase in pre-tax profit from £6.13 million to £7.16 million In 1976, on turnover 18.6 per cent higher. UK profits rose by 3.3 per cent but overseas the improvement was 40.5 per cent238 words
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Article89 1977-03-11 5 Reuter PARIS, Thurs. Generale Occidentale said It now owns all the shares of Anglo-Continental Investment and Finance following Its August 1976 offer for shares It did not already own. Generale Occidentale said It became the owner of around 90 per cent of AngloContinental shares under the 65p perReuter - 89 words
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Article38 1977-03-11 5 PITTSBURGH Thurs PPG Industries said It expects 1977 sales to exceed 1976's U552.25 billion. The company said capital spending for each of the next three years should be about $200 million, up from $173 million last year.38 words
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Briefly
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Article100 1977-03-11 5 LONDON, Thurs.- After an advance at half-time from £169,270 to £142,149, pre-tax profit of Fife Forge for 1976 improved from £217,301 to £337 480 The dividend Is lifted to 3.27p net per 25p share with a final of 2.14p, compared with a total of 3.081p adJusted for100 words
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Article86 1977-03-11 5 Reuter FRANKFURT, Thurs. The 400 million Euromark credit for the Brazilian steel concern Acominas, now In syndication, carries a margin of 1 15/16 per cent over London interbank offered rates on a six-year maturity. Euromarket sources »ald. The loan Is part of an overall US$5OO million Eurocredit package beingReuter - 86 words
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Article108 1977-03-11 5 Reuter TOKYO, Thurs. Nippon Steel said Its fiscal 1977 capital outlays for plant and equipment will fall 23 per cent to 229 billion yen from fiscal 1976, reflecting the slow recovery of the domestic economy. It is scheduled to build a continuous steel casting plant at Its YahataReuter - 108 words
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Article52 1977-03-11 5 MANILA, Thurs, The Philippines Government Elans to raise five million [uwaltl dinars through a medium term bond issue In the near future, official sources said. The issue, to be used for infrastructure and power projects, will be handled by US and Kuwaiti securities firm, they said, but gave no52 words
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Article41 1977-03-11 5 NEW YORK, Thurs. An offering of one million American depositary receipts (ADR's) of Kubota of Japan Is being made at USs24* each by a group of underwriters headed by Smith Barney Harris Upham and Nlkko Securities International the underwriters said.41 words
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Article57 1977-03-11 5 TOKYO, Thurs. Brazil's Companla Slderurglca National (CSN) has awarded a 13 billion yen order to Sumitomo Heavy Industries for the purchase of two contlnous pickling lines for shipment over the next two years, Sumitomo said. It said each line is capable of pickling 1.6 million tonnes of tin plate57 words
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Article38 1977-03-11 5 NEW YORK, Thurs. CBS said directors authorised the company to purchase US$5O million of its common stock. The company said the purchase should have a beneficial impact on both the return on equity and on invested capital.38 words
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Article71 1977-03-11 5 PITTSBURGH, Thurs. H.J. Heinz said directors voted to Increase the quarterly dividend to 30 US cents a share from 27 cents, payable April 10, to stockholders on record on March 21. Heinz said the Increase Is based on a review of the company's financial performance and is consistent71 words
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377 1977-03-11 5 NEW YORK, Thurs. With most of its foreign subsidiaries making greater contribution, F. W. Woolworth has managed to raise net profit by 9.2 per cent for the year ended Jan 31,1977. Net profit rose to US$lOB.3 million from $99.1 million last time and Woolworths Is377 words
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Article174 1977-03-11 5 Reuter TOKYO, Thurs. Nippon Ferrite said It filed an application with the Tokyo dlstlct court for permission to reconstruct Itself under the pertinent provisions of the Commercial Code. These provisions permit a company reconstruct Its business provided that all of its creditors agree to its reconstructionReuter - 174 words
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Article116 1977-03-11 5 COPENHAGEN, Thurs. Danish shipbuilding and engineering company Burmelster and Wain on Friday took over the British shipping company W.A. Souter of Newcastle and plans to register the bulk of Its new ships under British flag, B and W spokesman Mr. Z.M.R. Niels told Reuters. W.A. Souter116 words
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Article402 1977-03-11 5 TORONTO, Thurs. Demand for nickel is expected to strengthen this year and the Canadian producer, Inco, expects deliveries to increase after a pause in the first quarter This is stated In the annual report by the chairman, Mr. Edward Grubb. At the same time copper prices402 words
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Article178 1977-03-11 5 NEW YORK, Thurs. Madison Square Garden directors approved a uasiu a share tender offer from Gulf and Western Industries, the company said. The company said Its directors recommended that Its shareholders approve the tender offer, which Is for all of the Madison Square Garden shares178 words
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Article120 1977-03-11 5 Reuter BERLIN, Thurs. The Federal Cartel Offloe said It Is appealing at the Federal High Court against the December ruling of the Berlin higher regional court that Ouest, Keen and Nettlefolds can take a 74.99 per cent stake in Sachs. A Cartel Office spokesman said theReuter - 120 words
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Article82 1977-03-11 5 PITTSBURGH, Pennsylvania, Thurs. Westinghouse Electric announced It had signed a contract to build a US$lOO million nuclear power system for a group of Spanish utilities. The system will include a reactor, a nuclear fuel fabrication system, a turbine generator and other services. Westlnghouse said. It said the 900,00082 words
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Article88 1977-03-11 5 Reuter LONDON, Thurs. Chase Manhattan said It managed a US$l2O million seven-year Eurocurrency loan for the Industrial Credit Bank of Iran to be used to finance Industrial development In the country. The facility carries a fee at 1 1/8 per cent over London Eurodollar interbank offered rates.Reuter - 88 words
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Article42 1977-03-11 5 PITTSBURGH, Thurs. National Steel said negotiations with Revere Copper and Brass and Its 33 per cent stockholder, Asarco regarding the possible acSilstlon of all or part of evere by National have been ended. No reason was given for the termination.42 words
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Article761 1977-03-11 5 ROBERT METZ - CORPORATE STRATEGY? By ROBERT METZ NYT INTERNATIONAL Business Machines' recent offer to buy at least four million of Its common shares appears to have Inspired some creative tax planning by corporations large and small. What is going on Is complicated more so, some say "than evenNYT - 761 words
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Article67 1977-03-11 5 Reuter ARMONK, N.Y., Thura. International Buaineaa Machine* aaid iU offer to purchase share* of its capital stock expired yeeterday is accordance with term* of the offer. TTie company said it will announce prior to the opening of the New York Stock Exckange today the estimated numbdr of aharasReuter - 67 words
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Article184 1977-03-11 5 Reuter SYDNEY. Thurs. Commercial and General Acceptance (Caga) said the Parkes Development (roup and related corporations owe Caga A 924.86 million but loans are fully secured and all securities are collateral each to the other. Parkes, a privately-owned land development and real estate group, wentReuter - 184 words
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187 1977-03-11 5 Reuter WASHINGTON, Thurs. The Securities and Exchange Commission said It approved a rule proposed by the New York Stock Exchange which will require all domestic companies with NYSE-llsted common stock to set up Independent audit committees by July 1 It's chairman, Mr. Roderick Hills,Reuter - 187 words
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Article136 1977-03-11 5 Reuter TOKYO, Thurs. Three Mitsubishi group firms are awaiting the Japanese Government's go-ahead for a Join Canada-Japan protect to tap uranium deposits in the north-west territories of Canada, Mitsubishi Metal Corp one of the trio, said. The trio Mitsubishi Corp, Mitsubishi Mining and Cement and Mitsubishi MetalReuter - 136 words
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Article147 1977-03-11 5 Reuter LONDON, Thurs. The Financial Times said It Is replacing Cavenham with British Petroleum In Its Industrial ordinary share Index, with effect from the first Index yesterday. The move Is the result of uncertainty created by General Occidental's plans to bid for the 49 per cent ofReuter - 147 words
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345 1977-03-11 5 FT STOCKHOLM, Thurs. PKbanken, Sweden's State-owned commercial bank, reports a 50 per cent earnings gain In 1976 to Kr.493 million and an improvement In profitability, which brings it closer to the level of the Swedish private commercial banks. The profit growth comes mainlyFT - 345 words
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Article217 1977-03-11 5 Reuter NEW YORK, Thurs. International Telephone and Telegraph chairman, Mr. Harold 8. Qeneen, said 1077 will be an outstanding year for the firm. He said In his annual letter to shareholders that ITT entered 1977 In excellent condition and appeared to be back on a normal earningsReuter - 217 words
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Article43 1977-03-11 5 DUESSELDORF Thurs. The Republic of Iceland Is raisins a 50 million mark, eight per cent, maximum 10-year Eurobond, lead manager West-Deutsche Landesbank Glronzentrale said. Redemption will begin through series drawings which start after two years. Pricing will be set on March 18.43 words
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Article196 1977-03-11 5 Reuter TOKYO, Thurs. The Tokyo Stock Exchange said the outstanding balance of buying In margin trading on the Tokyo, Osaka ana Nagoya stock exchanges at March 5 fell to 854.1 billion yen from 861.7 billion a week before. This was the sixth consecutive weekly declineReuter - 196 words
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Article47 1977-03-11 5 MANILA Thurs. Marinduque Mining and Industrial has embarked on an expansion programme aimed at raising annual nickel production to 36,453 tonnes In 1982 from 18,803 tonnes at present, the Bureau of Mines said. It added Marinduque did not disclose the estimated costs of the expansion programme.47 words
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Article122 1977-03-11 5 Reuter WASHINGTON, Thurs. Ford Motor said It believes It could meet tough 1978 auto emission standards by model year 1980. Ford vice president Mr. Herbert Mlsch, told a house commerce subcommittee hearing the delay was needed to develop new technology. "In 1980, we hope to InstallReuter - 122 words
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Page 5 Advertisements
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Advertisement209 1977-03-11 5 To support 0ver42,500 kilos of tractor, Sime Darby Engineering were called in on the grounafloor. When Tractors Singapore needed specially toughened flooring for their new workshop in Jurong, they chose Masterplate one of the many quality products offered to the Building Construction Industry by Sime Darby Engineering. With a shatterproof209 words
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Article2108 1977-03-11 6 Gr'» Gr'i Net 1975/77 Last div Div y'ld P/E Vol Day Hick Low Company Sale +OT- c'vr (•000) High Low SECTION ONE INDUSTRIALS 175* 133 Acma 142 unch 12.ON 1.1 8.4 7.1 2 142 142 133 127 Acma A 127 12.ON 1.1 9.4 6.4 206 172 Alcom2,108 words
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Article1050 1977-03-11 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 shovn In brackets In lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after word "Sett". Big Board deals1,050 words
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Article1318 1977-03-11 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 Aania (1.428). A. Tap* <0 SUB 0.538) <1> 0.92. AJtaaanata (1.B3B). Alum1,318 words
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Article117 1977-03-11 6 STRIKING price* 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 $3.90) (0.188 0.20 ,S) (1) 0.22, (2) 0.21. Inchcape (June 12.40) (0.188 o.lB'117 words
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Article140 1977-03-11 6 SINGAPORE UNIT THL'ST iMuafm'prionhr Mar II) INCOME BOND UNIT (Current price*) The Commerce 177 1.87 The Saving Fund 0.91 0.96xd S port Prog Fund 0.S1 0.8# S pore Security Fund 1.39 1.47 S'pore Invest Fund ...1.05 1.11 ASIAN UNIT TRUST INiu|m' price*for March II) Mai Invest Fund 1.72140 words
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Article166 1977-03-11 6 BOTH 1/2* 1981 (100,000) (102%8 103HS) D B S 8 1/2* 1982 (100,000) (1008 100*«S) DBS Convert* 6 1/2* 1991 (100,000) (96\.8 97V«S) E I B 9* 1982 (100.000) (103HB 104S8) E I B 8 1/2% 1983 (100,000) (99%i8 100'/«S) I B J 8 1/2* 1981 (100,000) 102HS)166 words
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Article117 1977-03-11 6 5 1/2* 1/12/77 (1.000.000) (101 558 101 655) 5 1/2* 1/12/77 (500.000K 1)101.57 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) (101.528 101 58S)( 1)101.57 6 1/2* 15/8/78 (1,000,000) (103 358 103.505) 7* 1/7/79 (1.000.000) (104.858 105.00S)117 words
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Page 6 Advertisements
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Advertisement35 1977-03-11 6 I I •II "I I f f I J •m r»i I I h I X fH f* V tr M 'SM i i k> > I %> I fefej fc found only in the best company...35 words
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Article673 1977-03-11 7 THERE continued to be a serious lack of interest to provide any impetus either way at the Stock Exchange of Singapore yesterday. The opening market appeared to be a little soft on selling orders carried over from the previous day. After the morning session a slight reaction673 words
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Article375 1977-03-11 7 APART from the sustained Interest in rubber and mining stocks, the Kuala Lumpur stock market remained lethargic yesterday. Trading throughout the day was Inhibited by a wait-and-see attitude. Caution was also very much noticeable among operators and dabblers ahead of the UMNO supreme council meeting that375 words
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Article73 1977-03-11 7 PARIS, Thurs. Ste Nationale Elf Aquitaine has proposed a total dividend of 24 francs for 1976 compared with 22.5 francs in the previous year. it reported net profit of 841 million francs. There are no comparative figures due to the change in the company structure from Jan73 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1218 1977-03-11 7 NEW YORK: Stocks declined across a broad front In moderately active trading on Wednesday. Analysts said Investors continue to worry about the economic outlook in general, and particularly about Inflation and short-term interest rates. One analyst attributed a large portion of the day's selling to anticipation of a1,218 words
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Article317 1977-03-11 7 AMSTERDAM: Market ruled narrowly mixed In general with a firmer undertone on Wednesday. Hooffovena and Royal Dutch gained some ground In Dutch internationals, while AKZO Philip* and Unilever edged lower KLM, Gift and Pakhoed marked gains elsewhere. Nationals Nederlanden firmed In weak Insurances. KNP and Kappa both firmed after317 words
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Article329 1977-03-11 7 TORONTO: The Toronto market closed broadly lower In moderate trading, paced by losses amoni the papers and metals on Wednesday. Ineo A declined 5/8 to 32 1/4, Mattacami Lake A 1/4 to 14-1/8. Domtar 1/4 to 28, Price Co 1/4 to 10-1/2. and B.C. Forest 1/4 to 261/4. Noranda329 words
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Article317 1977-03-11 7 FRANKFURT: Shares lost on average up to two marks in lacklustre trading, market sources said on Wednesday. Among leading stocks. AEG and Bayer each lost 0 40 marks Against the trend Veba gained 0 20 Banks lost between 1.50 and 2.20 and Siemena In electrlcals lost 2.50 Conti-Gummi eased317 words
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Article165 1977-03-11 7 MILAN: The market closed firmer In trading, dealers said On Wednesday. Generalised gains included all leading Industrials with Fiat, Montedison. Pirelli E C and Sola Viacoaa sharply higher, while Immobiliare marginally lower. Assicurazioni Generali consolidated Tuesday s gains in Insurances as did Bastogi and IFI privileged In flnanclals while165 words
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Article357 1977-03-11 7 4 PARIS: Shares continued to ease In very calm trading ahead of the first round or municipal elections on Sunday, dealers said on Wednesday Oils were Irregular. Creusot Loire, which announced a higher 1970 consolidated turnover, weakened In sympathy with the rest of the market Golds led foreign shares357 words
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Article399 1977-03-11 7 SYDNEY: The market closed mixed after a firm opening with mines lower and Industrials generally firm, dealers said on Thursday The Sydney all-Ordinaries index fell 1.27 points to 431 02 L'tah and Central Norseman fell 15 cents each while BH South, CKA, MIM, Hamersley, W W Mines and Ampol399 words
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Article524 1977-03-11 7 TOKYO: Share prices closed slightly higher as late profit taking reduced earlier gains dealers said on Thursday. The Dow Jones average gained 0 38 to close at 5.011 52 with volume 190 million shares The New Index closed at 378 33, down 0 76 Many shares advanced initially on524 words
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Article186 1977-03-11 7 MANILA: Prices were mixed In dull trading, with mining Issues slightly higher, oils easier and commercials dull, dealers said on Thursday Turnover fell to 2.68 million pesos from Tuesday 's 3 92 million. Gainers Included BF Goodrich, Marinduque B and PLOT while Atlaa Con B, Benguet Con B, Phil186 words
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Article429 1977-03-11 7 HONGKONG: The market was generally sUghtly higher In moderately active trading, dealers satd on Thursday The Hang Seng Index rose 3 60 points to 422 66 Among leading issues. Swire Pacific gained 25 cents to $8 45. HK Bank 20 rents to $19 90 and Jardine Matheaon 10 cents429 words
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Article404 1977-03-11 7 JOHANNESBURG: Gold shares eased throughout the day In line with European bullion indications. while the remainder of the market was generally softer, dealers said on Wednesday. Financial minings shadowed producers, with Anglos losing five cents to 440 and Mid Wits 20 to 365 De Beers moved Off a peak404 words
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Article181 1977-03-11 7 BRUSSELS: The market was mostly lower, following Wall Street and the news that a general election has been caled for April 17. dealers said on Tuesday. Trading remained quiet FN rose following news that turnover rose in the first half and CBR was also higher Acec, Gb-lnno-BM, Teaaenderloo and181 words
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Article84 1977-03-11 7 MAR I* Bahts Asia Fibre 132 unch Bangkok Bank 247 -8 Bangkok Invest 157 Bangkok-Metro-politan Bank BaU 383 4 BerliJucker 173 1 Charoong Thai Wire Dumex Dusit Than! Faber Merlin First Trust 140 Indo-Thal J And J Ho 214 unch Jalaprathan Cement 87 I Karnasuta Lee Kwang Min Metal84 words
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Article315 1977-03-11 7 ZURICH: The market fluctuated narrowly on lack of stimulus, with small gains and losses about equal, dealers said on Wednesday. Banks were little changed Leu Kighta, traded for the first time, were valued at 375 francs for bearer and 300 francs for registered shares Among financial. Bally continued higher315 words
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Article74 1977-03-11 7 FINANCIAL TIMES INDUSTRIALS Wednesday 410.2 Tuesday 404.2 Week ago 410 6 DOW JONES AVERAGE INDUSTRIALS Wednesday 942 90 Tuesday 952 04 Week ago 942 07 LONDON DOLLAR PREMIUM Wednesday 108'. to 108V,*> Tuesday 106'* to 106S^ H.K HANG SENG Wednesday 419 06 Tuesday 422 88 Week ago 433 2074 words
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Page 7 Advertisements
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Advertisement365 1977-03-11 7 53Ti -jr FT# Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the PU pasar malam! Because Penguin books are rather m special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational J I fjfj365 words
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COMMODITY REPORTS AND PRICES
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Article709 1977-03-11 8 PRICES opened fractionally higher In the Singapore rubber market yesterday, after which profittaking took levels down by some 1.50 cents in uncertain trading, dealers said. Fair Interest was shown for forwards while physicals remained very quiet. Turnover was moderate. The morning session was slightly easier709 words
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Article31 1977-03-11 8 Rubber: March 10 Sinf* pore: April 206.00 eta (down I.W ct.) Malaysia: Apr. 2*9.00 eta. ((town 1.25 eta.) Tin: tI.MO (op $5.00) Official offering: 235 tonnes (up 10 tonnes)31 words
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Article299 1977-03-11 8 IN the Singapore gold market yesterday, the kllobar was traded In the range of 5i11,750 to 5511,780. The loco London gold opened at U*****.00/ 147.50 and closed at U*****.30/ 147.80. The price reflected the firmer closing in the US gold futures market on Wednesday night although the London afternoon299 words
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Article85 1977-03-11 8 R.A.8. {Cm Buy- AW. mat Mtk) i Mm ttaparhO Kay(Forward Mtk) Buywi Mm bmtaper kg) S8R20 SSR50 (1-ton Pallet) (1-ton Pallet) 194 50 102 00 195.506 194 OON IM.OO 103.S0 irrooN 195.SON M.R.E.L.B. SMRSCV SMRSL SMRS SMRIO SMR20 SMR50 (1-ton Pallet) (1-ton Pallet) (1-ton Pallet) (1 -ton85 words
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Article143 1977-03-11 8 THE Straits tin price in Penang yesterday was up $5 to $1,660 on an official offering up 10 tonnes to 235 tonnes. In LONDON yesterday, tin fell by around £52 for Cash and £60 for Three Months in both contracts. Trading was active although carries accounted for a143 words
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Article66 1977-03-11 8 LONDON, Thurs. Lead closed mostly £0.50 lower In the morning. The market was subjected to heavy liquidation and subsequently stop-loss selling following new minimum deposits on the London cocoa terminal this morning. The movement took Three Months from £434 per tonne on the pre-market down to £415 In the66 words
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Article235 1977-03-11 8 LONDON, Thurs. Copper wire bars finished with gains of £2.50 per tonne for Cash and £2 for Three Months in the morning. Values were firmer on the early pre-market under the influence of the overnight trend at New York but this was quickly reversed under general liquidation prompted by235 words
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Article79 1977-03-11 8 LONDON, Thurs. Zinc lost £7.50 per tonne for Cash and £8.25 for Three Months in the morning. This metal followed the general trend as nervous liquidation and stop-loss selling pushed three Months down from a pre-market high of £453 to a Ring low of £436 per tonne. Some short-covering79 words
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Article106 1977-03-11 8 THE following Mm Oil prt price* arc at Rotterdam and stated ces were quotad in London on Wednesday The 1 are quoted in U8 dollar pre ton unless otherwise Malaysia S% ffa bulk May/June Sumatra 5* Mch June Afloat Nigerian 5% ffa bulk Sterling per long ton 373106 words
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Article270 1977-03-11 8 CHINESE PRODUCE EXCHANGE. SINGAPOBE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut OU: Bulk 1100 sellers, oM drum 1106 sellers, new drum (111 tellers. Copra: Mixed (kooee) UK/Cont W Pepper Muntok AST A white f.o.b. 100* NLW *370 sellers, Sarawak white f.o.b. 90* NLW *360 sellers. Sarawak special Mack270 words
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Article299 1977-03-11 8 LONDON, Thurs. Terminal closed the opening session Irregular £92 to £135 per tonne down from last night having initially lost around £250. Dealers said the Initial loss of £250 In May at £3,700 with sympathetic losses In other positions was sparked off by the decision to Increase the London299 words
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Article145 1977-03-11 8 CHICAGO, Wed. Soybean futures closed with gains of eight to three cents a bushel after wiping out earlier losses in a late advance. Prices eased as speculative selling put pressure on prices In light trading but strength In oil futures prompted short-covering and speculative buying which turned prices upward145 words
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Article125 1977-03-11 8 CHICAGO, Wed. Wheat futures were 1/4 to one cent a bushel lower at the close after trading in a two to three cent range on light dealings. Soybean futures Influenced wheat through the session and softness in wheat prices reflected easiness In beans. Late strength In beans, however prompted125 words
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MONEY AND EXCHANGES
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Article443 1977-03-11 8 THE domestic money market saw am point rise In Overnight rates near the close to three per cent from the generally easy trend during the morning. Opening at 2* per cent, Overnight rates slid to a low of 1H per cent, and remained there for most of the morning.443 words
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Article143 1977-03-11 8 Asian rates ASIAN currency deposit interbank rates m at clc me on March 10 U8IM1 Ian (Spot) Offer BM 7day* 411/18 411/10 1 mth 4 14/18 413/10 2 tnthi S1/10 415/18 3 mUu J1/16 91/10 mth* 50/0 S 1/2 9 mtru S11/10 12 mUu 010/10 8m. Fr». Dm (■lift ifHml143 words
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Article48 1977-03-11 8 RANOE Of price* offered by du count houiH on March 10 Overnight 1 to 3% Call depoat 2 to J% CMH Bm, 3-month 11/1 Trea»ury MIU 1 3 3-11 on th 3 11/16 BankMIU 313/1* 3-Month CD 3 13/16 •-Month CD 4% 4M Source: National Discount Co.48 words
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Article168 1977-03-11 8 Euro rates LONDON, Thurs. Period Eurodollar deposits up to six months opened higher reflecting the loss of the Friday dealing technicality, while longer positions and day to day rates were unchanged, dealers said. Early trading was quiet and mainly on lesser name account. Most prime namss continued sidelined reflecting a168 words
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Article264 1977-03-11 8 LONDON, Thurs. The Canadian dollar extended In European trading, Its decline In North American currency markets overnight, where It dropped below US9S cents to Its lowest level in more than seven years. The Canadian currency fell to 94.59/64 cents here compared with Its 94.85/87 cents New York close and264 words
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Article241 1977-03-11 8 NEW YORK, Wed. The Canadian dollar fell below USOS cents here In a nervous, thin market to Its lowest level In more than seven years, dealers said. The sudden fall after recent stability followed a small commercial sale which triggered further selling. This intensified when the rate fell241 words
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Article124 1977-03-11 8 TOKYO, Thurs. The US dollar for overnight delivery closed lower at 282.00 yen, compared with 282.35 at the opening and 282.15 at yesterday's close. The initial rise reflected easiness of the yen in overseas centres and buying of dollars by some Japanese banks reducing their oversold dollar position, dealers124 words
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Article123 1977-03-11 8 HONGKONG, Thurs. The U8 dollar eased to a late HK14.6170/80 In thin trading after opening little changed from yesterday's late $4.6240/60, dealers said. The US unit met small selling from noon onwards, despite a further slight easing in local money market rates, and declined In the absence of any123 words
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Article56 1977-03-11 8 Minimum lending rates (in ACBC 6* First Chicago 6* Algemene Bank Citibank 6*. Bangkok Bank Bank of Amertca .7 HSBC 7 8 V. Indosuex Bank of China .7 Malayan Banking 6* Bank of Tokyo .6* Mitsui Bank 6* Bank Negara OCBC Indonesia .7 OUB Chartered Bank 8*. UCB 7 Cha*e56 words
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Article47 1977-03-11 8 AUSTRALIA/NZ exchanges quoted on March 10 Australia: Sterling 1.0998/1.0950 US dollars 0.6421/0.6351 Ninety-day air mail buying rates: Sterling 0.6672 US dollars 1.1248 Ninety-day forward buying rates: Sterling 0.6498 US dollars 1.0920 New Zealand: Sterling 0.5574/0.5543 US dollars 0.9625/0.9525 Ninety-day forward rate: Sterling 0.5892 US dollars 0.981147 words
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Article42 1977-03-11 8 ZURICH exchanges closing quotes on March 9. US 2 .5600-5610 UK 4.3995-4030 Can 2.4400-4425 W Germ 106.69-78 Neth 102.43-52 France 51.36-40 Belg 6.96*.-97* Denm 43.49-53 Norw 48.59-63 Swed 60.60-65 Italy 0.2891-2894 Austria 15.03-05 Port 6.60-62 Spain 3.71%-72* Arg 0.75-90 Japan 0.90^-9142 words
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Article33 1977-03-11 8 FRANKFURT exchanges opening quotes on March 10 US 2.3072/82 (2.3980/90) Can 2.2685/2705 UK 4.115/125 Neth 95.85/96.00 Swltz 93.60/75 Italy 2.707/717 France 48.08/18 Norw 45.45/52 Belg Com 6.517/532 Belg Fin 6.51/54 Japan 0.8505/1533 words
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Article309 1977-03-11 8 LONDON, Thurs. Dollar bonds were slightly higher on some-buying interest in relatively active trading, dealers said. US convertibles were slightly lower following the lower trend on Wall Btreet last night while Japanese issues were virtually unchanged. LONDON Eurobond prices on March 10 Stratfhu Bid Offer Austria 8*. 90309 words
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Article175 1977-03-11 8 LONDON. Thurs. BUver closed with net gains of 1.1 to 0.5 pence per troy ounce In the morning. The metal was unsettled by news of new minimum deposit for non-trade members and non-members of the London cocoa terminal. Market liquidation caused Three Months value to back away from a175 words
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Article249 1977-03-11 8 LONDON, Thurs. Terminal opened very steady on speculative buying and snort-covering prompted by news that the U8 will ban the use of saccharin. Initial gains of up to £6.75 were pared by trade selling and profit-taking and at the end of the opening call, values were £5.90 to £4.40249 words
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Article199 1977-03-11 8 BANGKOK, Thurs. Indicative prices quoted for rice were: US dollars per tonne fob basis Bangkok: White Rice 100 per cent lit clan 292 100 per cent 2nd 277 100 per cent 3rd 272 5 per cent 392 10 per cent 242 IS per cent 230 20 per cent 236199 words
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Advertisement162 1977-03-11 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 w rapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding162 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration584 1977-03-11 9 FT PARIS: THE French car Industry Is considering whether to seek an Informally agreed celling on Imports of Japanese vehicles along the lines of the arrangement In the UK under which Japan has confined Itself to 30 per cent of the British market.FT - 584 words
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758 1977-03-11 9 ROBERT CRABBE - By ROBERT CRABBE UPI JAPAN'S hustling electronics Industry captured almost one-third of the market for colour TV sets In the United States last year, amid a choir of complaints from American competitors and labour unions. With Jobs and profits at stake, the American IndustryUPI - 758 words
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372 1977-03-11 9 AP MOSCOW, Thura. Japan'* NET television company baa signed an agreement to j televiae the 1980 Moacow Olympic* in Japan, the Taaa newa agency aaid late yeaterday. The agreement, signed with Moecow'a "01ympica-80" organising committee, alao includes radio broadcaat righta, Taaa aaid. It requireaAP - 372 words
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Article229 1977-03-11 9 AP LONDON, Thurs. Time chartering remained the most prolific source of tonnage employment yesterday on a London freight market still decidedly lacking any consistent pressure of business. Liner operators arranged several trips to West Africa and the Persian Gulf, but grain houses showed little Interest. The 15,300-tonAP - 229 words
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Article, Illustration380 1977-03-11 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Arcadia (0700 draft 9.5 m) 46 47 Cherry Vllja (B. Barge) (1000) 48 Golden Haven (hauls after Nordhausen) 6/7 King Pearl (0600 subject freeboard) 23 Loon Chong (3EFD) (1700 after Arcadia sails) 46 Lumut (2300 20 West Maritime Shoun (P/O) (1600 after Palm380 words
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Article604 1977-03-11 9 ARRIVALS Service Operator Number Local l Time From CPA MAS PAA CX003 MH682 PA841 0145 0810 0950 HKG KCH SFO/HNL/GUM JAL SIA GIA JL712 SQ211 GA980 1000 1010 1030 HLP HLP HLP QIA PAL KLM GA908 PR501 KL833 1100 1115 xl50 MES MNL AMS/ATH/ KHI/CMB RBA SIA604 words
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Page 9 Advertisements
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Advertisement194 1977-03-11 9 their sn aboU t V*" irom .«»n P° the rert jjv godo^ nS I „v>»rssa^ 1 „v>\ns ?v f^r i r j©' n -T' sf^. :gy..| DELAYS GO ONE BETTER TO THE MIDDLE EAST The Seaspeed Services regular scheduled Roßo sailings from Singapore. This powerful service is now in Singapore194 words
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2430 1977-03-11 10 COLIN CHEE - TODAY Business Times starts a two-part in-depth survey on the gold market, local as well as international. In this article, COLIN CHEE takes a look at the Singapore gold market and describes how it works. Part Two of the survey containing another two articles will2,430 words
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1492 1977-03-11 10 CHARLES PRICE - MR. PRICE, managing director of New Court Merchant Bankers, examine! the relationship between the Singapore gold market and the London gold market, describes the workings of the London market, and explores possibilities for taking positions and investing in Loco London "paper" gold1,492 words
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1193 1977-03-11 10 MOHSIN ALI - By MOHSIN ALI Reuter THE WEST will check the foundations first before building further on the 1975 Helsinki Declaration on East-West detente. This will be a major objective of the Western governments at a 35-state conference at Belgrade In JuneReuter - 1,193 words
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Page 10 Advertisements
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Advertisement86 1977-03-11 10 A wealth of answers to scientific phenomena LIFE SCIENCE MltllAltY A thousand questions you've asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular theory mathematics the human86 words
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333 1977-03-11 11 UPI BANGKOK, Thurs. The United States will resume flying badly needed equipment to the Thai armed forces by cost-free Air Force cargo Jets, a US Embassy spokesman said today. The first flight carrying the equipment Is expected to land at Bangkok airport onUPI - 333 words
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160 1977-03-11 11 Reuter BANGKOK, Thurs. The United States will not get involved in another Southeast Asian land war, Mr. Charles Whitehouse, US Ambassador to Thailand, said in an interview published today. The US had no intention of restoring its military presence following its withdrawalReuter - 160 words
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290 1977-03-11 11 Reuter HONGKONG, Thurs. Schwelzerlsche Bankgesellscharft senior vice president Fred Gygax said the risk of a sharp drop In the gold price from a level of US$l3O per ounce appears relatively minor. Free world gold production Is tending to edge offReuter - 290 words
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77 1977-03-11 11 Reuter TOKYO, Thurs. The secretary-general of Japan's ruling Liberal Democratic Party (LDP), Mr. Masayoshl Ohira, today followed the example of Prime Minister Takeo Fukuda and disbanded his faction within the party as a move towards the LDP's rejuvenation. Mr. Ohlra's faction, thought to beReuter - 77 words
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Article, Illustration327 1977-03-11 11 Reuter ISLAMABAD, Thurs. Opposition supporters today boycotted Pakistan's elections for four provincial assemblies. Reports from the major cities said the early turnout of voters was much lower than for Monday's National Assembly elections which swept Prime Minister Zulflkar All Bhutto and his Pakistan PeoplesReuter; UPI picture - 327 words
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247 1977-03-11 11 UPI TOKYO, Thurs. Japan will extend a US$5 million (5512.25 million) loan to Vietnam to assist It in the development of its agriculture industry, a Tokyo newspaper said today. The Sankel Shlmbun said in a front page article the projected loan accord will beUPI - 247 words
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520 1977-03-11 11 AP WASHINGTON, Thurs. The US Food and Drug Administration (FDA) announced yesterday It is banning saccharin, the only artificial sweetener approved for use in the United States, because It causes cancer In laboratory animals. Acting FDA Commissioner Sherwln Gardner saidAP - 520 words
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626 1977-03-11 11 KUALA LUMPUR, Thursday FINANCE MINISTER Tengku Razalelgh Hamzah said today Malaysia continues to believe In the private enterprise system because it was the best path to follow towards growth and prosperity for all communities. He was opening the London branch of Bank Bumlputra626 words
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434 1977-03-11 11 Reuter NEW YORK. Thurs. Canada's Finance Minister, Donald Mac Donald, today said there was no Immediate outlook for cutting Canada's 7.5 per cent unemployment rate. In remarks prepared for a meeting tonight of the Canadian Society of New York, Mr. Mac DonaldReuter - 434 words
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155 1977-03-11 11 Reuter ROME, Thurs. Treasury Minuter Gaetano Stammati and Bank of Italy governor Paolo Baffl has met International Monetary Fund European director Alan Whittome, resuming their formal negotiations for a new IMF standby credit, Treasury sources said. Their meeting was the first since early last weekReuter - 155 words
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563 1977-03-11 11 MANILA, Thursday Reuter UPI ARMED forces In the southern city of Zamboanga have been placed on military alert following increased tension as a result of the deadlock In peace talks between the Government and Moro rebels, military sources said here today.Reuter; UPI - 563 words
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447 1977-03-11 11 UPI NEW DELHI. Thurs. George Fernandes, the militant socialist leader who Is contesting next week's national elections from his jail cell, threatened yesterday to go on an indefinite hunger strike to protest t*e government's failure to release him to canvass his constituency.UPI - 447 words
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203 1977-03-11 11 UPI SEOUL, Thurs. Leading businessmen from Japan and South Korea opened a meeting in Seoul today to diacuaa ways to strengthen economic cooperation between the two countries. The meeting, officially called the 9th Conference of the Japan-Korea Joint Economic Commit®*, will continue through Saturday.UPI - 203 words
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Page 11 Advertisements
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Advertisement207 1977-03-11 11 APPOINTMENT 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 FM207 words
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Advertisement96 1977-03-11 11 RESIDENT ENGINEER Urgently required for building works of a Multi-storey Commercial Complex and Offices Project Applications must possess the following qualification and experience (1) A Registered Professional Engineer in Singapore or a good civil engineering qualification acceptable for registration with Singapore Professional Engineers Board (2) At least 5 years experience96 words
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486 1977-03-11 12 AN ARAB businessman with interests In this part of the world yesterday proposed a partnership of European skills, Asian labour and Arab money as a framework for fast economic recovery of the Industrial world and an answer to the extreme poverty of486 words
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200 1977-03-11 12 Reuter LONDON, Thurs. A boycott of the British-based Oiobtlk tankers by maritime unions because of the rejection of 28 striking Filipino crew from a Globtik ship has been lifted, the International Transport Workers Federation (ITF) said today. A spokesman told Reuter that the federation hadReuter - 200 words
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Article777 1977-03-11 12 LONDON, Thurs. The stock market came off the top after British Leyland toolroom strike leaders recommended rejection of yesterday's peace formula. Earlier, the market was on an upward track, largely reflecting the one point reduction in the Bank of England minimum lending rate and a similar cut in777 words
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263 1977-03-11 12 LAWYER G. Raman, currently under detention, has implicated a lawyer practising in Kuala Lumpur as a key figure in a plot to sour up relations between the leader* and governments of Singapore and Malaysia. Raman yesterday named Dominic Puthucheary, a263 words
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Article132 1977-03-11 12 SHELL Singapore will spend at least $6 million this year to install computer systems in its various process units at its Pulau Bukom oil refinery plant, according to its latest news publication, Berlta Shell. A $2 million computer at the centralised control room Is132 words
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Article129 1977-03-11 12 TRADERS and lorry operators between Singapore and Malaysia have complained that the shorter working hours of the Malaysian Customs at Johore Bahru have caused long queues of lorries at both ends of the Causeway as well as affect the profitability of these companies. Goods such129 words
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Article46 1977-03-11 12 LINDETEVEB Jacoberg announced that It has ended Its 20-year relationship with Unilever Exports Ltd as Its agent In Singapore and West Malaysia for detergents and toilet preparations. This follows the merger of Unilever In Singapore with Lever Brothers Singapore In November last year.46 words
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Article244 1977-03-11 12 Reuter MANILA, Thurs. Yugoslav Deputy Premier and Secretary for Foreign Affairs Milos Mink Is to visit the Philippines next month for discussions expected to cover trade and possibly Third World and non-nligned Issues, diplomatic sources said here yesterday. The Philippines has been seeking for several yearsReuter - 244 words
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588 1977-03-11 12 IF PRICES STILL ESCALATE KUALA LUMPUR, ThUTS. The Government will not hesitate to use the Price Control Act If, despite the control on supplies, prices of essential commodities continue to escalate to an unreasonable level. Trade and Industry Minister, Datuk Hamzah bin Abu588 words
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606 1977-03-11 12 CHIEF Justice Mr. Wee Chong Jin yesterday reserved Judgement on the appeal by the Public Prosecutor against a magistrate's ruling that legislation on the operation of the Restricted Zone scheme was Illegal. Earlier, Mr. Wee heard submissions from DPP, Mr. Tan Teow Yeow,606 words
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486 1977-03-11 12 UPI HONGKONG, Thurs U8 ambassador to Malaysia, Francis Underbill Jr., In a classified report to President Carter has urged the withdrawal of all American military forces from the Philippines, It was reported today. The Philippines Is the only South-east Asian country with US militaryUPI - 486 words
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Article135 1977-03-11 12 UPI SYDNEY, Thurs. American ambassador to Australia, Mr. James Hargrove, was recalled to Washington yesterday night, surprising organisers of a US travel show the envoy was to open. "We don't know what happened," a US Consulate spokesman said. Mr. Hargrove was to have opened a travel show calledUPI - 135 words
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Article80 1977-03-11 12 SINGAPORE citizens whose restricted passports are due to expire soon may renew them at six issuing centres, according to an Immigration Department statement yesterday. They are at four community centres (MacPherson, Stamford, Kuo Chuan, and Kampung Chal Chee), the Restricted Passport Centre at Outram Road, and80 words
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149 1977-03-11 12 A PORTABLE air compressor, rated as the largest In the world. Is now being marketed In Asia to meet the needs of builders engaged In major construction projects In crowded cities where space and low noise output are both vital. The machine Is IngersollRand's149 words
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Article48 1977-03-11 12 THE First South-east Asian Statistics Seminar, organised by the Singapore Institute of Statistics and the Department of Economics and Statistics of Nanyang University, opens today. Altogether 18 papers on statistical theory and applications will be discussed during the two-day seminar being held at the RELC.48 words
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197 1977-03-11 12 Reuter TOKYO, Thurs. Japanese Prime Minister Takeo Fukuda said today he would like to attend the Aaean summit in Kuala Lumpur in August if invited to do so. "If on such an occasion there was an invitation for me to come I wouldReuter - 197 words
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Article55 1977-03-11 12 UPI JAKARTA, Thurs. The Geophysical Service today reported a quake of magnitude six on the Rlchter scale was recorded yesterday In the Padang area of West Sumatra. Initial reports said the earthquake damaged a few homes around the west Sumatran town of Padang. There were no reports ofUPI - 55 words
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254 1977-03-11 12 KUALA LUMPUR, Thurs. Denmark expressed Its support today on the setting up of a common fund to finance buffer stock for commodities. It also recognised the importance of consumer nations to assist In the setting up of this fund aimed at enabling developing countries254 words
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Article242 1977-03-11 12 Reuter LONDON, Thurs. A powerful British printing union today expelled 120 print room workers whose strike had kept the Times newspaper from publishing for the last six days. Union leaders and management of the newspaper then met to find ways to ensure that the 192-year-oldReuter - 242 words
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Advertisement159 1977-03-11 12 r5 i bi> m s, v. 555 presents Z W I 2 I (sf/i March to 9th April) noon to 2.30 pm at $15.00 per person t -ii. V k 75 V ft >V It V m rk 2% M m M ff s IBeB r»<i til I WOL 5159 words
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