The Business Times, 19 March 1977
1977-03-19
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The Business Times
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Title Section9 1977-03-19 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, MARCH 19, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article59 1977-03-19 1 Reuter TOKYO, Fri. Experts from Japan, Malaysia, Singapore and Indonesia will meet here next week to discuss Japanese co-operation In producing a unified chart of the waterway, a Foreign Ministry spokesman said today. The five-day meeting from next Tuesday will also discuss Japanese technical co-operation in surveyingReuter - 59 words
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Article62 1977-03-19 1 Reuter PADANG BESAR, Fri. Thai troops fighting together with Malaysian forces In Joint operations against communist guerillas In Southern Thailand today captured a third communist forward base, it was announced here. The Thai Deputy Defence Minister, General Lek Naewhalee, who visited the Malaysian task force headquarters hereReuter - 62 words
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Article81 1977-03-19 1 Reuter TOKYO, Fri. World demand for Japanese motor vehicles In fiscal 1977 beginning next month will rise four per cent to a record 8.31 million units from the eight million estimated for the current fiscal year, the Japanese Automobile Manufacturers Association forecast. The total will comprise 4.48Reuter - 81 words
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Article74 1977-03-19 1 AP NEW DELHI, Fri. India's national election resumed today after a one-day break as some 30 million voters in three states went to the polls to decide the fate of Prime Minister Indira Gandhi's 11-year-old Government. At stake in Friday's balloting were 65 parliamentary seats in theAP - 74 words
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Article73 1977-03-19 1 AP ROME, Fri. Ten million Italians who work in factories, farms and state offices went on strike today to demand government measures to protect their jobs and wage levels. The strike was most effective among industrial workers, who walked out everywhere but in Rome for fourAP - 73 words
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Article48 1977-03-19 1 AP BANGKOK, Fri. Vietnam today handed over the remains of 12 American pilots, who were killed during the war, to a special US presidential commission winding up a three-day visit to Hanoi, diplomatic sources in touch with the Vietnamese capital said. AP. SEE BACK PAGEAP - 48 words
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Article37 1977-03-19 1 AP TURIN, Fri. Two representatives of the Libyan Arab Bank have taken their place on the Fiat Holding company's administrative council as part of Libya's US$4l5 million (SSI billion) investment in Fiat. APAP - 37 words
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Article44 1977-03-19 1 UPI NEW YORK, Fri. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 963.35, down 1.49; 20 transp 231.84, up 1.95; 15 utils 107.39, up 0.03; 65 stocks 315.35, up 0.37 UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration179 1977-03-19 1 SELLING pressure at the Stock Exchange of Singapore increased yesterday, with relatively heavier losses seen among shares. On the option board, trading was quiet but most premiums finished a shade higher. Reflecting the easier trend, the Business Times index fell 2.59 points to 253.57 while the Straits179 words
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Article112 1977-03-19 1 Falls Most octive M. Banking $5.90 -20 Haw Par 190,000 f»pn#»n»l I.umlv>r 94 000 Roxy Sg Best $1.70 SI.70 -.15 -07 Cons. Plantations 64,000 DBS $3.66 -06 Slme Darby 60,000 D. Keramat $6 05 05 Total Turnover: 1.07 M I.M Text $0 25 05 Total Value: M$2.13112 words
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817 1977-03-19 1 QUEK PECK LIM - HPL DEAL WILL COST $9.2 mil Br QUEK PECK LIM HAW Par Brothers International is to acquire all the convertible redeemable guaranteed preference shares of its wholly-owned subsidiary, Haw Par London (HPL), in a deal which will cost the company slightly more than817 words
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Article175 1977-03-19 1 KUALA LUMPUR, Fri. The Cabinet Committee on Investment has rejected the request that It should set up an appeals body to hear grievances stemming from decisions under the Industrial Co-ordination Act; Instead it has proposed the establishment of a committee, the advice of which175 words
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Article491 1977-03-19 1 KUALA LUMPUR. Fri. Manufacturing Investment In Malaysia is currently running at well below 40 per cent of the targets of the Third Malaysia Plan, according to official figures. The performance Is more gloomy because the economy Is supposed to be picking up after the491 words
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Article26 1977-03-19 1 KUALA LUMPUR, Frl. The Straits Tin price In Penang dropped Msl2 per plcul to $1,620, $295 above the International Tin Agreement celling, dealers said.26 words
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122 1977-03-19 1 TRUSTEES of the famous Alsagoff estate, acquired for a total of $2.8 million in 1971, are demanding $26.6 million more from the Government. This was told to the Appeals Board (Land Acquisition) yesterday at the first day's hearing of three appeals arising122 words
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Article451 1977-03-19 1 Reuter KUALA LUMPUR, Frl. The Far Eastern Freight Conference (FEFC) said It welcomed this week's directive by Primary Industries Minister Datuk Musa Hltam requiring the Malaysian Rubber Exchange and Licensing Board to negotiate withdrawal of rubber from the FEFC general freight tariff. FEFC MalaysianReuter - 451 words
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366 1977-03-19 1 DEVELOPMENT Bank of Singapore (DBS) ia believed (o have approached a number of private inveatora, including foreign Anna, to participate in the proposed 1540 million Raffle* International Centre project. The development, which would be Singapore'a largeat and coatlieat privately financed project, ia expected to366 words
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337 1977-03-19 1 UPI WASHINGTON, Fri. Consumer price* in the United States leapt one per cent in February, the biggest monthly surge of inflation in nearly 2'4 years, the Labour Department reported today. The increase, reflecting a 12 per cent annual rate reminiscent ofUPI - 337 words
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Article425 1977-03-19 1 Reuter MANILA, Fri. The Philippines Monetary Board tonight announced the names of 11 foreign banks given preliminary approval to start the first offshore banking operations In the country. Additional two American owned banks are among nine Institutions operating domestically that will be allowed to operateReuter - 425 words
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Article224 1977-03-19 1 THE Stock Exchange of Singapore (SES) has set another two new options series for Development Bank of Singapore for trading on Monday. The two new series are for June and September expiry, and the striking price for both has been set at 53.60 which224 words
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Page 1 Advertisements
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Advertisement59 1977-03-19 1 hnr lour Hcst Selected (iems. Fine-Cut Diamonds cS h.xquisttt Jewellerx a! Magniju i nt Craftsmanship i Visit CeylotiJeweUers 16 Stamford Nd.. Sinwon 0. T«t: *****8/*****7. SEE BACK PAGE Overseas stocks P2 Commodities Transport A ComP3 muni cations P4 Features P5 Local P6 Overseas news Market reviews/ TV Radio Overseas newi/59 words
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Advertisement101 1977-03-19 1 The New Magnificent PEUGEOT 604 r\ cM Peugeot's new 2.6 litre saloon car has extra inches inside not outside. The six-cylinder engine combines power with (lexibility and the safety of swift acceleration with unusual driving ease ?nd pleasure. True comfort with key features like electrically operated windows, ventilation roof and101 words
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Advertisement270 1977-03-19 1 :;;!=)['.%@|:[!+|)[\\_:^<-}:>&! Which bank delivers you a whole world of financial knowledge? We do. Bank of America. When it comes to finance, we are there our money centers and branches around the globe keep us in constant daily touch with fluctuations in all major currencies. We have the expertise based on270 words
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MARKET REVIEWS
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Article258 1977-03-19 2 Reuter SHARE prices held firm in most sectors of the Sydney Stock Exchange this week. However, the low turnover suggested that Institutional buyers were continuing to sit on the sidelines, observers said. The latest batch of corporate reports gave an added boost to the market, but almost all theReuter - 258 words
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389 1977-03-19 2 RONALD LAM - fey RONALD LAM CAPITAL RECONSTRUCTION SCRIP ISSUE. BerjunUi Tin Dredging is proposing to reconstruct the nominal value of Its ordinary share from M 52.50 Into MSI. The company is to subdivided its M 52.50 share into 50 cents each followed by a389 words
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Article465 1977-03-19 2 IVAN FALLON - LONDON By IVAN FALLON GROWING peace hopes at strike-torn British Leyland and expectations of more cuts In Interest rates provided welcome spurs to demand for equities and giltedged stocks In London this Not that shares or gilts had been doing too badly In465 words
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684 1977-03-19 2 SINGAPORE IT was another bad week for I investors at the Stock Ex- i change of Singapore this week. With buyers generally still preferring to stay on i the sidelines, share prices i went on the slide for most of tiie week With684 words
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Article310 1977-03-19 2 •TINY' ROWLAND has again been snatching the headlines with Lonrho's out-of-the-blue purchase of a 24 per cent stake In Scottish and Universal Investments. Suits' boss Sir Hugh Fraser, is stepping down as chairman, with the Job going to Mr. Rowland. At 95 pence a310 words
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Article218 1977-03-19 2 A TAKEOVER bid for FMC has been expected in the city for several months, and it duly arrived on Monday from meat group, Thomas Borthwick. The only surprising element of the deal was that Borthwick went ahead with its offer after failing to obtain218 words
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Article235 1977-03-19 2 ON THE economic front, Chancellor Healey has been trying to Inject some guarded cheer in the run-up to his budget. In a decidedly guarded, but mildly optimistic speech, he predicted that the Inflation rate in Britain should drop to about 13 per cent by the end235 words
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193 1977-03-19 2 $167 bil that's what US has to raise Reuter WASHINGTON, Fri. Treasury Secretary Michael Blumenthal said the budget deficit of about US$6B billion (SI 166.6 billion) in fiscal 1977 combined with off-bud get financing means the Treasury will have to raise about $73 billion (Ssl67 billion) of net cash inReuter - 193 words
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Article145 1977-03-19 2 Reuter TOKYO. Fri. Bank of Japan governor Teiickiro Mori nag a told a press conference he has no plan at present to lower bank rate ■gain, following last week's cut to six per cent from 6.5 per cent. Mr. Morinaga had been asked toReuter - 145 words
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Article532 1977-03-19 2 KL THE Kuala Lumpur Stock Exchange went through another listless week over the past five trading days. There were a few bullish spots but these were hardly enough to bring any life to a market which had apparently lost Its attraction to both bulls532 words
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416 1977-03-19 2 UPI WASHINGTON, Frl. Six years ago, Congress took three letters SST out of the US government's aerospace programme. Today they are on the way back In. In an almost unnoticed action while passing a US$4 billion (Ss9.B billion) authorisation Bill for the National AeronauticUPI - 416 words
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351 1977-03-19 2 Reuter WASHINGTON,. Frl. An admiral said yesterday US shipbuilders have a list of complaints about the military shipbuilding programme but still are eager to bid for navy work. Admiral F.M. Mlchaells. chief of navy material, said the navy was responded by writingReuter - 351 words
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Page 2 Advertisements
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Advertisement491 1977-03-19 2 THE DEBT tj|r TRAP to M» Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. I This book is about the efforts of poor nations to gain some control over their own economies and491 words
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Page 2 Miscellaneous
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Miscellaneous332 1977-03-19 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on March 18 at Singapore airport. Mmimum Temperature Associated Humidity Minimum Temperature Associated Humidity Hours of Sunshine Rainfall in Millimetres Total Rainfall for the Month Total Rainy Days for the Month 1 0 TV SINGAPORE 5 12.45 P.M. Opening332 words
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OVERSEAS
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563 1977-03-19 3 OECD: SOME 'BAD' NEWS BUT Reuter PARIS, Frl. The UK faces another year of rising unemployment, double digit inflation ai.d falling real disposable Incomes but prospects over the medium term could be much better, the Organisation for Economic Co-operation and Development said inReuter - 563 words
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269 1977-03-19 3 Reuter NEW YORK, Frl. Canada eventually will have to "slim down its manufacturing sector by mergers, shutdowns or a go-vernment-sponsored reorganisation, Business Week magazine predicts. In Its current issue, the magazine says in a cover story that Canadian inflation rates have virtuallyReuter - 269 words
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Article95 1977-03-19 3 Reuter DUESSELDORF, Frl. Further appreciation of the yen during the first half of 1971 is lustlfled on fundamental grounds but the Bank of Japan will probably act to keep the rise within narrow limits, Westdeutsche Landesbank Girozentrale said. It said a further rise ofReuter - 95 words
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Article25 1977-03-19 3 Reuter COLOMBO. Fri. Cambodia's Deputy Prime Minister in charge of foreign affairs, leng Sary, arrived here yesterday, for a four-day goodwill visit. ReuterReuter - 25 words
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551 1977-03-19 3 UPI WASHINGTON, Frl. Western Europe is falling short of Its energy goals and faces "bleak" conditions because of growing opposition to nuclear power and coal being so costly It cannot be sold, the Energy Commissioner of the European Economic Community said yesterday. The Commissioner,UPI - 551 words
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368 1977-03-19 3 UPI WASHINGTON, Frl. There is a "realistic possibility" of ending the worst aspects of world poverty within the next quarter century, the chairman of the Overseas Development Council said yesterday. Father Theodore Hesburgh said an Investment of US$l2 billion (SS3O billion)UPI - 368 words
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273 1977-03-19 3 Reuter WASHINGTON, Frl. US Treasury Secretary Michael Blumenthal said there are signs of renewed economic strength but he added the recovery does not appear to be self-sustaining. Mr. Blumenthal, testifying before the Senate Budget Committee, said the severe weather conditions In the eastern USReuter - 273 words
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Article166 1977-03-19 3 Reuter ROME, Frl. A draft of Italy's letter of intent to back its request for further IMF credit Is virtually complete but the Government still has to agree with unions over labour costs before it can submit Its request. Italian official sources said. PrimeReuter - 166 words
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Article30 1977-03-19 3 Reuter COLOMBO. Frl. Sri Lanka said yesterday that clashes could break out between Sri Lankan and Indian fishermen if Indian boats continued poaching in Sri Lanka's northern waters. Reuter.Reuter - 30 words
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Article79 1977-03-19 3 Reuter CLINTON. (Massachusetts), Frl. President Carter said if there is another Arab oil embargo, the US could survive on Its own energy sources, but other countries would suffer considerably. He noted Japan depends on West Asian oil producers for 98 per cent of ItsReuter - 79 words
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251 1977-03-19 3 AP NICOSIA, Frl. Saudi Arabia will spend US$l 39 billion (553.4 billion) for new ports on the Gulf and the Red Sea to be built bySouth Korean and Japanese contractors, according to a report in the Saudi Gazette newspaper which reached hereAP - 251 words
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Article158 1977-03-19 3 AP WASHINGTON, Frl. European Community countries benefited yesterday from a shift of quotas for speciality steel imports into the United States. The change will permit the European Community countries to ship an additional 3,141 tonnes of stainless steel plate, sheet and strip to America afterAP - 158 words
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Article78 1977-03-19 3 Reuter LONDON, Frl. Fully stabilising world copper prices to no more than one per cent above or below a mean would require an international buffer stock or national stockpiles totalling 2.5 million tonnes, lndependent Consultative Commodities Research Unit (Cru) said In a feasibility study onReuter - 78 words
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125 1977-03-19 3 AP WASHINGTON, Frl. Record growth in the aggregate size of Americans' pay cheques last month helped pull personal Income out of its weather-Induced stagnation, the US government reported yesterday. The Commerce Department said personal Income grew at a seasonally adjusted annual rate of Urn*AP - 125 words
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337 1977-03-19 3 UPI ALGIERS. Frl. French industrial firms are being crowded out by their US ana European rivals In supplying Algeria's capital equipment and technological knowhow, government officials said yesterday. They made the comment after Algerian officials announced that the West German Krupp group and Italy'sUPI - 337 words
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252 1977-03-19 3 AP LIMA, Fri. —> Peru docroed a state of emergency yesterday la the sugar industry, because, according to a government newspaper, it is passing through one of its most acute crises." The sugar industry had been the showcase for the government's agrarian reformAP - 252 words
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136 1977-03-19 3 AP GENEVA, Fri. World textile exporting and Importing countries suspended talks yesterday on a new textile pact, giving the European Community time to assess Its position. After two days of closed discussions, the 50 participating nations decided to adjourn and resume their meetingAP - 136 words
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57 1977-03-19 3 Reuter LONDON, Fri. The UK government's Bill to nationalise the aircraft and shipbuilding Industries has received royal assent and has now become law, the Industry Department said. Earlier this month, Industry Secretary Eric Varley said the aircraft Industry will be taken over nextReuter - 57 words
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Article, Illustration814 1977-03-19 3 JOHN VINOCUR - By JOHN VINOCUR AP PARIS, Fri. Of all the far-reaching aspects of the two-stage French municipal elections that wind up this Sunday, one of the most remarkable is the emergence of the communist party from the Klltlcal 'ghetto where it d dwelled for 30AP - 814 words
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Page 3 Advertisements
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Advertisement267 1977-03-19 3 ktasusha name for yourself. WITH ONE OF OURS. I A When you cany names like Pierre Cardm Lanvin and Bally you can't help but do a little namedropDing After all these famous houses represent the finest menswear and accessories anywhere And if you'll allow us a little further selfindulgence we267 words
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COMPANY NEWS
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411 1977-03-19 4 BUOYANT returns from rubber have raised 1976 earnings at Talplng Consolidated, a member of the Slme Darby group, well over the slack years 1974 and 1975. Year ended Doc 31 1»76 I«7S MS'OOO Income from rubber sales 2.925 1.704 Investment and other Income 124 111411 words
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Article472 1977-03-19 4 Current Ex Date Total for Total for payment Date payable the year previous year M. Tobacco 35% Feb 7 MarlS 50% 40% Wilkinson Process 15% Mar 7 Mar 24 20% 39.1%a Idris Hyd 30%I Mar 25 60%I 71.5% Tanjong Tin 13.3%I Mar 25 26.7%I 30.9% A. Amalgamated 30%472 words
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COMPANY MEETINGS
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Article29 1977-03-19 4 THE following company meetings are due: Mar 19, 12 noon, Registered Office, No. 5 Jalan 203, Petallng Jaya, Selangor. *r D 1 I (J liir29 words
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Article21 1977-03-19 4 Mar 21, 10 a.m., 13th Floor, Tunas Building, Anson Road, Singapore 2. O a t X DLJ tin21 words
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Article14 1977-03-19 4 Mar a n# 22, 11 a.m., Registered Office. Batu Tlga, Selangor.14 words
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19 1977-03-19 4 Mar 23, 11 a.m., 11th Floor, Chartered Bank Building, 2 Jalan Ampang, Kuala Lumpur.19 words
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Article25 1977-03-19 4 Mar 23, 12 noon, r» 7 Flnnr Knala Studio 3. sth Floor, Kuaia Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur.25 words
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20 1977-03-19 4 Mar I»UUVCI wuipsuij a#is»i. 24. 2.30 p.m., Registered Office, 70 Jalan Ampang, Kuala Lumnur.20 words
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Article20 1977-03-19 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 1977-03-19 4 Mar 25. 12 noon, Registered Office, 14 Lokyane Way, Singapore 22.13 words
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Article17 1977-03-19 4 Mar 29, Registered Office, Road No. 7, Port of Singapore Authority, Singapore 4.17 words
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Article16 1977-03-19 4 Mar 30, 11.30 a.m., Polynesian Room of Ming Court Hotel, Tanglln Road, Singapore.16 words
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Article17 1977-03-19 4 Mar 30, 11.45 a.m., Polynesian Room of Ming Court Hotel, Tanglln Road, Singapore.17 words
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Article18 1977-03-19 4 Mar "Innr 30, 12 noon, llth Floor, Shlng Kwang House, Shenton Way, Singapore 1.18 words
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Article17 1977-03-19 4 Mar 30, 12.30 p.m., Polynesian Room of Ming Court Hotel, Tanglln Road, Singapore.17 words
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25 1977-03-19 4 Mar 31, 12 aH Hffipo Mn noon, Registered orrice no. 22 (Upper floor of No. 20) Jalan Oelanggang, Malacca.25 words
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Article19 1977-03-19 4 Mai 31, 12 noon. Studio I, sth Floor, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur.19 words
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19 1977-03-19 4 Mar 31, 12 noon. The Raya Room Hotel Equatorial, Jalan Sultan Ismail, Kuala Lumpur.19 words
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Article18 1977-03-19 4 Mar 31, 3p.m.. at the Johore Bahru Rest House, Jalan Sungei Chat, Johore Bahru.18 words
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16 1977-03-19 4 Apr 1, 9a.m. Registered Office, Road 6, Section 13, Petallng Jaya.16 words
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Article40 1977-03-19 4 MR. John Hugo Thomas Scothorne has resigned from the board of Jack ChlaMPH with effect from March 14. Mr. Lee Oi Hian has been appointed a director of Parit Perak Holdings Berhad with effect from March 3.40 words
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357 1977-03-19 4 COST increases appeared to have gained the upper hand at Roxy Electric Industries (M) during the year ended Sept. 30, 1978. For, despite an increase of about 12 per cent in turnover to M 519.09 million, the company suffered a setback of 10357 words
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352 1977-03-19 4 THE Kuala Lumpur Stock Exchange has asked Cycle and Carriage for further details regarding Its proposed sale of 10.5 million shares In wholly-owned subsidiary, Cycle and Carriage Blntang to the Malaysian public. It asked CCL whether the selling price of MS 1.50352 words
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325 1977-03-19 4 Reuter TOKYO, Frl. Japan would approve the Issue by Britain or yen-denominated bonds to foreign governments as part of any arrangement to fund official sterling balances, Finance Ministry officials said. They expect an Issue considerably larger than the 10 toReuter - 325 words
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136 1977-03-19 4 NO fresh approach has been made by Hongkong Tin to the Selangor State Economic Development Corporation (SEDC) in the past two years, an SEDC mining official told Reuter. He said the company approached the Development Corporation two years ago to discuss possible136 words
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Article1215 1977-03-19 4 JAMES FORTH - AUSTRALIAN FINANCE By JAMES FORTH FT TRADING banks In Australia are currently operating under tight monetary controls. They stop short of a full scale credit squeeze but are nevertheless restrictive. They include siphoning off to the central bank a substantial portion of the banks' depositsFT - 1,215 words
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Article1304 1977-03-19 4 On March 17 On the Chicago Board Options Exchange, a total of 88,022 contracts were traded on Thursday compared with 94,793 on Wednesday. iBTRUN *ri u* OCT STOCK AU B .»/> J N4 IB 1/4 M 1/1 AK-* 8 I H 1 It M ?t Am T»"1,304 words
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439 1977-03-19 4 WILKINSON Process Rubber's steady profit growth was held In check by the global economic recession and Inflation last year when consolidated pre-tax profit dropped 24.2 per cent from the all-time high of $3.38 million achieved In the previous year to $2.50 million. This profit setback came439 words
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Page 4 Advertisements
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Advertisement487 1977-03-19 4 r V. i| <*¥# «*fcS f w\ *?> tf.-m tW s: Southeast Asia has as many faces as there are eyes in a peacocks tail— And the Straits Times Annual has painted them all, in peacock-colours. Living up to a long-established record of quality reporting on the culture, on history487 words
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INTERNATIONAL COMPANY NEWS
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Article212 1977-03-19 5 Reuter MELBOURNE, Frl. Broken Hill Pty Co. Ltd (BHP) said its raw steel production dropped to 565,000 tonnes In February from 679,000 In January and 584,000 in February 1976. Cumulative raw steel output for the nine months to end-February fell to 5.69 million tonnes from 5.74Reuter - 212 words
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Article92 1977-03-19 5 SYDNEY, Frl. Allied Manufacturing and Trading's trading in the first four months of its year to end-October confirms group profit will Improve markedly In the full year. Its chairman. Mr. T.J.N. Foley told the annual meeting. The group lifted after-tax profit to A 516.77 million in 1975/7692 words
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Article65 1977-03-19 5 Reuter NEW YORK. Fri. Citicorp International Bank (CIBL) of London is consolidating its Brussels-based Eurobond placing operation Citicorp International Securities (CIS A) into Its London headquarters, a Citibank spokesman said here. Citicorp Brussels acted as Belgian-based representative of the London bank and was not Itself a bank under BelgianReuter - 65 words
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Article69 1977-03-19 5 MANILA. Frl. Net profit at Marcopper Mining rose to 62 5 million pesos from 54 million pesos fast year. This gave earnings per share of 0.16 centavos compared with 0.14 centavos previously. Total sales of copper concentrates rose to 381.6 million pesos from 264.3 million pesos last time. The69 words
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Article499 1977-03-19 5 Reuter LONDON. Fri. Group net income at British Petroleum rose to £179.8 million from £166.2 million last year. BP is paying a final dividend of 12 914 p. making a total of i" 1 789p (17.99p) for the year. Pre-tax income rose to £1.78Reuter - 499 words
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330 1977-03-19 5 Reuter SYDNEY Frl For the first time in seven years, Leyland Motor of Australia has managed to report a profit in the 15 months ended Dec 31. 1976. During that period, it earned a trading profit of A 52.85 million on salesReuter - 330 words
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Article192 1977-03-19 5 Reuter NEW YORK Frl. Manufacturers Hanover Corp said its nonperforming international loans rose to U5524.9 million at end-1976 from $14.3 million at end-1975. This Includes non-accrual and renegotiated loans. The report shows the company's loans to less developed countries rose to $738 million or 4.2 perReuter - 192 words
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330 1977-03-19 5 ZURICH. Fri. Reduction of the amount of the World Bank's latest bond Issue underlines current Investor selectivity on the Swiss bond market but does not pressage a reversal of the coupon trend, bankers said. Schwelzerlsche Kredltanstalt had amount of the loan was cut to330 words
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Article982 1977-03-19 5 STUART ALEXANDER - WORLD CYCLE MARKETS By STUART ALEXANDER FT A MUCH higher pront forecast for 1977 based on a pick-up in its European operations is being made by the world's biggest bicycle manufacturer. Raleigh of Nottingham and Birmingham. The company, which still takes over 50 per cent ofFT - 982 words
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Article297 1977-03-19 5 Reuter LONDON, Frl. Slater Walker Securities has suffered a big net loss of £8.34 million In the first six months ended June 30,1976, compared with a net profit of £1.11 million In previous corresponding period. No ordinary or preference dividend has been set or IsReuter - 297 words
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Article161 1977-03-19 5 Reuter SYDNEY, Frl. Unaudited net operating profit at Australian National Industries rose to A 53.9 million from $3.07 million in the first seven months ended Jan 31, 1977. The profit increase was achieved on a rise in sales to $90.7 million from $79.2 million previously. TheReuter - 161 words
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Article131 1977-03-19 5 Reuter NEW YORK, Frl. Shareholders of J.P. Morgan, the holding company for America's sixth largest bank, have defeated a proposal calling for suspension of loans to South Africa. The proposal, made by the domestic and foreign mission society of the Episcopal Church in theReuter - 131 words
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Article85 1977-03-19 5 Reuter LONDON, Frl. EMI said a US$3O million Eurobond for its subsidiary EMI Finance Is being underwritten. The bonds, due 1989 will be guaranteed by EMI Itself. Final terms will be set on March 29, with the coupon expected to be 9* per cent. Proceeds willReuter - 85 words
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415 1977-03-19 5 PARIS, Frl. A substantial foreign exchange loss and steeply Increased provisions to cover exploration expenditure are the main factors behind a decline In 1976 net profits at parent company level of Compagnle Francalse des Petroles, France's leading oil group. In which the State has a415 words
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Article237 1977-03-19 5 NEW YORK. Frl. The Sea Containers Group has reported combined net earnings for 1976 of US$l5.l million ($4.01 per share), a 37 per cent Increase over the $11 million ($2 94 per share) earned In 1975. Excluding foreign exchange gains, net earnings were up 62 per237 words
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Article55 1977-03-19 5 TOKYO. Fri. Nippon Oil said it expects record aftertax profit of more than 10 billion yen for the year ending March 31, compared with 2.92 billion yen the previous year, due to benefits from the appreciation of the yen. It said sales will also Increase to record 1.9755 words
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Page 5 Advertisements
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Advertisement847 1977-03-19 5 EAST MEETS WEST: SINGAPORE Dick Wilson 26.5 x 26cm; 254 pages; hardbound; 5528.00 Dick Wilson, well-known journalist and author of A Quarter of Mankind and Asia Awakes, here describes and analyses the development of Singapore, one of the world's most successful and remarkable city states. Starting from its founding and847 words
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Article2123 1977-03-19 6 1*76/77 High Low Company Last Sale +orGr'i div Div c'rr Gr's y'ld Net P/E Vol (*000) Day High Low SECTION ONE INDUSTRIALS 175* 133 206 100 237 180 201* 204 248 400 133 127 172 00 185 00 127* 149 172 378 Acma Acma A Alcom Allied2,123 words
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Article1085 1977-03-19 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after word "Set". Big Board deals1,085 words
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Article1309 1977-03-19 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 Aema (1.448). A. Tap* (0 498 0.525) (I) 0 50 Alcom (11,309 words
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Article169 1977-03-19 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 S3 90) (0 098 0 10S) (1) 0 08. (1) 0 (4) 0.09169 words
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Article150 1977-03-19 6 SINGAPORE UNIT TRUST INCOME BOND UNIT {Miufen price* for Marti) (Current prices) The Commerce 1.75 1.85 INCOME BOND 1.10 1.10 TheSavtng Fund 0 88 0 #3xd Spore Prog Fund 0 78 0.83 S pore Security MARA BUMIPUTRA FUND Fund. 1.42 1.50 (Managers' prim for Mar 211 S'pore Invest150 words
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Article166 1977-03-19 6 B O T 8 1/2% 1981 (100,000) (103'eB 103 7 »S) D B S 8 1/?% 1982 (100.000) (100'«B 101S) DBS Converts 6 1/2% 1991 (100,000) <96 3 «B 97' aS) E I B 9% 1982 (100.000) (103 SB 104 E I B 8 1/2% 1983 (100.000) (1008166 words
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Article162 1977-03-19 6 5 1/2% 1/12/77 (1.000.000) (101.508 101.655) 5% T F 1/3/78 (1,000.000) (102 608 102.755) 5 1/2% 15/4/78 (1.000,000) (101.638 101 735) 5 1/4% 15/7/78 (1.000,000) (101.558 101.60S >(1)101 59 6 1/2% 15/8/78 (1,000,000) (103.208 103 355) 7% 1/7/79 (1,000.000) (104.858 105 00S) 5 1/2% 1/10/77-79 (1.000,000) (101162 words
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Page 6 Advertisements
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Advertisement414 1977-03-19 6 THE GREAT BOOKS of the beautiful, durable bindings is the M B U fundamental Ideas of H BH mMwMm. Mg I 9 science, history, psychology, W ■jllll IWlllil# Here In beautiful, durable bindings Is the whole record of the fundamental Ideas of mankind science, history, psychology, mathematics, theology, literature and414 words
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Article591 1977-03-19 7 EASIER trading condition* persisted under somewhat more urgent selling at the Stock Exchange of Singapore yesterday. Unlike earlier on in the week, sellers dominated the scene right from the first bell and the wave of selling caused significant losses to be recorded across a wide front. Heavyweights591 words
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Article373 1977-03-19 7 SHARE prices yielded further ground In the face of continued selling on the Kuala Lumpur stock market yesterday. The bulk of the business Sesterday was accounted for y stop-loss selling. Some short-selling by the regular speculators was also believed to have aggravated the situation. Yesterday373 words
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Article80 1977-03-19 7 PITTSBURGH, Frl. Bethlehem Steel Corp, the second largest US producer, said yesterday It would Increase the price of carbon and alloy tool steel by eight per cent effective April 1. A spokesman said from the company's headquarters In Bethlehem, PA., that the Increases were due to higher costs80 words
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Article28 1977-03-19 7 AMSTERDAM, Thurs. The Norsk Hydro 75 million guilder 8 3/4 per cent 15year debenture loan was priced at par, Amsterdam Rotterdam Bank said as consortium manager.28 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1197 1977-03-19 7 NEW YORK: The stock market halted a string of advancing act* slons to cloae lower In moderately active trading on Thursday. The market dropped sharply across a broad front during the first two trading hours following comments by Treasury Secretary Michael Blumenthal that the economic recovery doesn't appear1,197 words
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Article323 1977-03-19 7 FRANKFURT: Shares closed mlxew to lower in light trading, started by Institutional selling and general Investor hesitancy, market sources said on Thursday. Among leading declines were Dresdner Bank (down three marks) and Deutsche Bank (down one). Thyasen, which announced a higher 1975/78 profit, and Siemens, which announced higher five-month323 words
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Article290 1977-03-19 7 TORONTO: The Toronto market firmed following mild noon losses and closed on Thursday basically unchanged from Wednesday. Among the major changes. Maple Leaf Mill* gained at 34 V Kelsey-Hayes S at 13%. Nowsco S at 20. while Canadian Imperial Bank fell Vi to 24%. Moore Corp advanced to 35The290 words
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Article287 1977-03-19 7 AMSTERDAM: Shares eased in general, with Akzo losing most ground In Dutch Internationals, dealers said. KLM led declines elsewhere. Including Bola and Fokker. Gain* were headed by Ennia, Ahold and Internatio-MuUer on Its higher 1976 and dividend. Shipping were mixed. Insurances firmed where changed. Stateloans firmed. MAR 17 Fls287 words
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Article169 1977-03-19 7 BRUSSELS: The market was mixed to lower In quiet trading, dealers said on Thursdav SoAna rose on news of its increased dividend, and Cockerlll. Arbed and Pinoutremer also rose. Union Miniere, Hoboken, Hainaut-Sambre. UCB and Moaaae fell. UK and US stocks were steady and gold mines firm. Sony fell169 words
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Article155 1977-03-19 7 MILAN: Stocks closed mixed In moderately active dealings, bourse sources said on Thursday. Montedison closed slightly higher, but Montefire weakened further following the announcement of a heavy 1967 deflclftmd capital re-structurlng plans Fiat gained a little, while Generate Immobiliare was marginally firmer. Mediobanca fell and both Pirellis were also155 words
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Article397 1977-03-19 7 JOHANNESBURG: Gold shares moved off the top toward the close as European bullion prices drifted back from earlier highs, dealers said on Thursday Financial minings also moved back In places with Anglos A net two cents off at 412 after 417 earlier. Fed Mynb gained IS cents to 395397 words
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Article172 1977-03-19 7 MANILA: The mining sector was firm on higher copper and gold prices but In light turnover, dealers said on Friday. Oils were also firm Turnover rose to 2.46 million pesos from Thursday's 1.83 million. Gainers included Acoje Mining, Atlas Con A and B, Lepanio B, Phi lex A, PLDT172 words
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Article293 1977-03-19 7 ZURICH The market was very steady In moderate turnover with demand again selective, dealers said on Thursday. Among banks small gains and losses were about equal Financials and insurances generally pointed higher with Uaego recovering slightly from recent sharp decline and PreMe-Finani easier on balance Leading Industrials closed Irregular293 words
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Article379 1977-03-19 7 HONOKONO: The market eased further on lack of Interest In dull trading, dealers said on Friday. The Hang Seng Index was down 2.12 points to 416.19. Hongkong Bank fell $2.20 to $17.40 exits 44 cent final dividend and one for 10 bonus Issue and Swire Pacific eased five cents379 words
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Article346 1977-03-19 7 PARIS: Shares closed mostly higher helped by the narrower February foreign trade deficit, higher January Industrial production and a steady franc, dealers said on Thursday Chemicals closed higher but engineerings and stores were Irregular Electrlcals were lower. Americans were Irregular while International oils and Dutch shares eased Germans, golds346 words
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Article445 1977-03-19 7 SYDNEY: The market rose on the overnight gain In London and higher metal prices, dealers said on Friday. The Sydney All-Ordinaries Index rose 1.94 points to 434.29. Peko-Waltsend rose eight cents to $5 08 and Renison 10 cents to $8.90 Bougainville. CRA. MIM, QLD Mines, Emperor and AAR gained445 words
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Article492 1977-03-19 7 TOKYO: Share prices closed higher after a mixed opening, with interest reviving In recently neglected electrlcaTs and some populars, dealers said on Friday. The Dow Jones average gained 24 85 to close at 5,013.70 with volume 190 million shares The New Index closed at 377.39, up 1.21. Sony led492 words
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Article89 1977-03-19 7 MAK IN Bants Asia Fibre 132 -3 Bangkok Bank 247 unch Bangkok Invest Bangkok-Metro-politan Bank Bata 389 ♦2 Berll Jucker 184 ♦J Charoong Thai Wire 149S Dumex Duslt Thanl Faber Merlin First Trust Indo-Thai J And J Ho 219 unrh Jalaprathan Cement 89 -1 Karnasuta 37S -I Lee Kwang89 words
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Article73 1977-03-19 7 FINANCIAL TIMES INDUSTRIALS Thursday 433 8 Wednesday 428 1 Week Ago 413.8 DOW JONES AVERAGE INDUSTRIALS Thursday 964 84 Wednesday 968 00 Week Ago 946 73 LONDON DOLLAR PREMIUM Thursday 109 1 to 110V4 Wednesday 109 to 109^ H.K. HANG SENG Thursday 418 31 Wednesday 419.97 Week Ago 42273 words
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Page 7 Advertisements
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Advertisement433 1977-03-19 7 THE SYNTOPICON The Syntopicon now makes it possible for anyone to "ask" great thinkers such as Plato, Aristotle, Tolstoy, and Freud about love, art, democracy, Justice or almost any topic conceived by the human mind. The Syntopicon can guide your hand to the proper volume. Your eyes are directed to433 words
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COMMODITY REPORTS AND PRICES
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Article743 1977-03-19 8 IN the Singapore rubber market yesterday, dealers said lower overseas advices produced an easier opening. Prices were marked down by 1.25 cents but later recovered on some weekend covering and forward demand, particularly for July/Sept 1977. However, towards the close prices fell back slightly as743 words
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Article30 1977-03-19 8 Rubber: Mar 17 Singapore: April 204.75 cts (down 0.75 ct.) Malaysia: April 208.00 eta (down 0.50 ct») Tin: $1,620.00 (down $12.00) Official offering: 214 tonnes (up 4 tonnes)30 words
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Article114 1977-03-19 8 April May R.A.S. (Current Mth) (For ■ward Mthl Buyers Sellers Buyers Sellers (cei ■ts perks) (cei ■ts per k|) DAILY SSR and SMR prices at noon yeaterday: SSR20 (1-ton Pallet) 198 00 tge.ooN 197 50 199 50N SSR 50 (1-ton Pallet) 193.50 195 50N 195 00 197114 words
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Article115 1977-03-19 8 THE Straits tin price In Penang yesterday was down $12.00 to $1,620.00 on an official offering up four tonnes to 214 tonnes. In LONDON yesterday, tin softened by mostly £20 per tonne In both contracts. Trading was moderate but carries accounted for the bulk of standard sales of115 words
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Article43 1977-03-19 8 Shipment of Strait* Refined Tin Prom Penan* Period: 1st to 15th March 1977 THIS PERIOD DESTINATION AFRICA CANADA CONTINENT INDIA JAPAN PACIFIC SINGAPORE U.S.A. SHIPPED TONNES 10.00 5.00 770.00 3.00 592.00 97.00 1,479.00 AFLOAT TONNES 100.00 25.00 .25 3.50 2,956.00 128.7543 words
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Article78 1977-03-19 8 LONDON, Frl. Lead lost £8 for Cash and £6.25 for Three Months in the morning. Three Months traded initially up to £439 per tonne but fell back to £431 before hardening on the Kerb to £434. Expectations of a further small rise in stocks also depressed the market. Sales78 words
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Article369 1977-03-19 8 IN the Singapore gold market yesterday the kllobar was traded In the range of 5511,730 to 5512,010. The highest prices traded since Sept 10, 1975. The loco London gold opened at U*****.40/149.80 and on good buying support crossed the $150 barrier to close at U*****.30/ 150.80. The London morning369 words
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Article319 1977-03-19 8 LONDON, Frl. Copper wirebars rose £3 per tonne for Cash and £2.50 for Three Months In the morning. Dealers said the market remained firmly based on fresh buying spurred by the trend at New York which was mainly fuelled by the Zaire situation. Continued strength in gold, together with319 words
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Article94 1977-03-19 8 LONDON, Frl. Zinc declined by £8.25 for Cash and £10 for Three Months In the morning. Three Months finished the Ring at £437. Sales of 5,025 tonnes were mainly carries. Stocks are expected to show a modest rise this week. On Thursday afternoon, zinc finished with gains of £294 words
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Article127 1977-03-19 8 THE following Palm Oil prices were quoted In London on Thursday The prices are elf Rotterdam and are quoted In US dollar per ton untra otherwise stated Thursday Pre*. Malaysia 5% ffa bulk May 820 nom 598 sir Sumatra 5S Mch unch 813.50 pd Apl 820 pd 015127 words
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Article267 1977-03-19 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil Bulk SI 15 sellers, old drum Sl2O sellers, new drum 5125 sellers. Copra Mixed (loose) UK/Cont. 572 buyers Pepper Muntok AST A white I o.b 100S NLW 5405 sellers. Sarawak white fob 98% NLW $385 sellers.267 words
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Article212 1977-03-19 8 CHICAGO, Thurs. After an opening surge through old season highs in old crop months and an advance of as much as 23 cents in the May, soybean futures collapsed late in the session to close mostly 1H to 13 cents a bushel lower. Early speculative buying Interest encountered little212 words
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Article88 1977-03-19 8 CHICAGO, Thurs. Wheat futures closed one to \Vt cent a bushel lower, finishing at or Just above the day's lows. Small gains were posted in early dealings on speculative buying prompted by the early strength In soybean futures but selling picked up when beans retreated from their highs. The88 words
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391 1977-03-19 8 IT is something of an understatement to report that this week's market has been particularly quiet and featureless throughout, says Holiday, Cutler A Bath In its weekly review of the Singapore and Malaysian rubber markets. Levels fluctuated uncertainly and alternately between 205 and 207391 words
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MONEY AND EXCHANGES
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Article575 1977-03-19 8 THE domestic money market In Singapore yesterday proved sluggish and for some stretches quite "dead", dealers said. Overnight funds opened at the three per cent level and through the whole morning session stayed unchanged. Clearing hours, however, saw a slight firming to 3 per cent, then 3* per cent575 words
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Article142 1977-03-19 8 Asian rates ASIAN currency d* pewit interbank rate* u at ctoae on March 18 USDotia Offer Bid 7 days 47/8 4 3/4 I mth 51/16 2 mthj 415/16 3 mthj 51/16 t mthj 5 7/16 9 mthj 513/16. 511/16 12 mthj 5 7/B 8w. Ft». Du 1 mth 33/8 pi142 words
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Article45 1977-03-19 8 RANOE of prices offered by discount houses on March It Overnight 1H to 3<H Call deposit 3% CMM Buy Selliac 3-month Treasury bills 3 2% 3-Month Bank bills 3 15/16 3 13/16 3-Month CD 4 4 6-Month CD 4S 4* Source: National Discount Co.45 words
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Article186 1977-03-19 8 Euro rates LONDON, Frl. Eurodollar deposits opened unchanged apart from One and Four Months where Friday's end of periods made for initial f*ln» of 1/4 and 1/8 respectively. Early trading was quiet dealers said. A continuation of recent quiet conditions, usual light Et-weekend trading and a k of prime name186 words
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Article242 1977-03-19 8 LONDON, Frl. Light commercial demand seen for marks late yesterday continued this morning, bringing the dollar slightly easier against continental currencies, dealers said. The mark moved to 2.3890/ 3905 to the dollar from the overnight 2.3905/15 while the Swiss franc traded at 2.5505/15 against 2.5520/30. Sterling slipped a few242 words
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Article185 1977-03-19 8 NEW YORK. Thurs. The dollar closed weaker on balance than Wednesday niirht, although off Its lows, following a small recovery on news of a rise In US money supply, dealers said. The mam feature in a lack-luster trading session was the volatile Canadian dollar, which slipped in very185 words
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Article132 1977-03-19 8 TOKYO, Frl. The dollar for overnight delivery declined to 281.30 yen In fairly active trading, after opening at 281.70, the same level as at yesterday's close, dealers said. Traders Increased dollar export bHI sales to banks in anticipation of a further appreciation of the yen, more than offsetting increased132 words
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Article125 1977-03-19 8 HONGKONG, Frt. The US dollar firmed further to a late HK54.6270/90, compared with yesterday's late $4.6200/30, In active trading, dealers said, Local Interest rates were only marginally easier than yesterday but their long awaited decline In recent days seems to be starting to aid the US unit, they said.125 words
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Article51 1977-03-19 8 RESULT'S of tender held on March 18, 1977 for 91-day Treasury bills to be issued from March 21 to March 25, 1977: Offered: $30 million Applied for: $105,600,000 Alloted: $30 million Accepted bids: $99 26 (approximately 28%; higher bids in full) Average rate of discount on allotment:51 words
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Article61 1977-03-19 8 Minimum lending rates (in ACBC 6* First Chicago 6 1 Algemene Bank Citibank 6*. Bangkok Bank 7 I HSBC 7 Bank of America Indosuez 6* Bank of China .7 Malayan Banking Bank of Tokyo 6 1 Mitsui Bank 6H Bank Negara OCBC Indonesia .7 OUB 6*. Chartered Bank fl l61 words
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Article47 1977-03-19 8 AUSTRALIA/NZ exchanges quoted on March 18 Australia: Sterling 0.6426/0.6355 US dollars 1.1010/1.0962 Ninety-day air mall buying rates: Sterling 0.6660 US dollars 1.1260 Ninety-day forward buying rates: Sterling 0.6464 US dollars 1.0914 New Zealand: Sterling 0.5575/0.5544 US dollars 0.9631/0.9531 Ninety-day forward rate: Sterling 0.5863 US dollars 0.981747 words
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Article46 1977-03-19 8 ZURICH exchanges closing quotes on March 17 US 2.5530-5540 UK 4.3890-3925 Can 2.4300-4320 W Germ 106 76-85 Neth 102.16-27 France 51.23-27 Belg 6.96 3/4-97 1/2 Denm 43.61-64 Norw 48.58-61 Swed 60.57-62 Italy 0.2878-2881 Austria 15.04-06 Port 6.59-61 Spain 3.71 1/4-72 Arg 0.75-90 Japan 0.90 1/2-9146 words
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Article36 1977-03-19 8 FRANKFURT exchanges opening quotes on March 18 US 2.3903/13 (2.3910/15) Can 2.2690/2710 UK 4 102/120 Neth 95.67/82 Swltz 93.67/78 Italy 2.690/705 France 47.90/48 05 Norw 45.50/58 Belg com 6.510/525 Belg fin 6 50/52 Japan 0.8496/850636 words
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Article307 1977-03-19 8 LONDON Eurobond prices on March Iff Straight! Bid Offer Austria 8** 90 100 V, 101 Bell Canada 8'. 86 1054, BFCE 8*. 83 1014, 102 v, Brazil 9 84 97'» 97S Can Pacific9S 83 1024, 102% Credit National 8'»86 99 90S ECSC 9 83 1034, 104 V, EEC307 words
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Article137 1977-03-19 8 LONDON, Frl. Silver finished with gains ranging from 2.1 to 1.2 pence per troy ounce in the morning. Covering and fresh buying was reported with Three Months trading up to 294.9 pence before profit-taking shaded values to 294.5 pence. Trading was fairly active at 124 lots. in nkw ycjkk137 words
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Article201 1977-03-19 8 LONDON Fri. Coffee closed quietly steady £31 to £95 above yesterday's close. Volume was 1,508 lots. Much of the trading was within narrow limits. Pre-weekend profittaking and liquidation emerged during the closing session and this took some positions down to the lows. July closed at £4,187 having traded dwon201 words
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Article167 1977-03-19 8 LONDON, Frl. Sugar futures opened quiet £0.10 to £1 per tonne up on yesterday's closing levels. Sales were 283 lota. Dealers said there was no news to encourage fresh trading Interest although the price of 9.15 cents per lb paid by a US house for Jamaica raws yesterday may167 words
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Article220 1977-03-19 8 BANGKOK, Frl. Indicative prices quoted for rice were: US dollars per tonne rob basis Bangkok White Rice 100 per cent Ist class 292 100 per cent 2nd class 277 100 per cent 3rd class 272 5 per cent 282 10 per cent 242 IS per cent 230 20 per220 words
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Page 8 Advertisements
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Advertisement397 1977-03-19 8 SINGAPORE ine r in this issue we feature: MANUFACTURING FINANCE Running out of luck and line: The fishery Industry cannot hope Money: The stock-in-trade: Banks are changing their to grow until problems like lack of experience and expertise as marketing policies, and with them their musty images, in a bid397 words
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TRANSPORT and COMMUNICATIONS
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Article, Illustration735 1977-03-19 9 JEDDAH, Friday AP SAUDI ARABIA'S leap Into the 20th Century has strained the capacity of Jeddah to accommodate a population that has Increased 20 times since 1040 to 800,000. The oil boom has attracted hordes of businessmen and workers during the past four years. And aAP - 735 words
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Article, Illustration356 1977-03-19 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Benwyvia (0600 after Vivien) 35/36 Dong Bee (2000 after Indian Faith) 45 Eumaeua (D/L) (0600 after Hoaho Maru after Vivien) 33/34 Ocean Betelgeuae (JIJJ) (1000) 6/7 Pabloeverett (after Kyokyu Maru) 31/32 Ta Yu (BKCZ) (1700) 13/14 Thor Aagard (Tanker) (after Palm Sea Horae)356 words
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497 1977-03-19 9 AP GENEVA, Frl. A stingy Rolls, a roomy Porsche, and a new electric car that does up to 90 kilometers per hour are among eye-catching exhibits at the annual Geneva autoshow which opened yesterday. A series of "world premieres" that also feature a rangeAP - 497 words
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322 1977-03-19 9 Reuter WASHINGTON, Frl. The United States Congress Is finally entering the television age, but It will be some months before Americans see their lawmakers In action on home TV screens. From March 15, TV cameras will zero In on the House ofReuter - 322 words
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Article175 1977-03-19 9 AP LONDON, Fri. North Atlantic grain rmte* began to move up yesterday on the strength of the recent chartering expansion. Glenas conceded the firmer figure of U855.50 (FIO) to the "Moldaager" for a 52,000-ton April 1-7 shipment from the US Gulf to Holland or Belgium while other charterersAP - 175 words
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Article563 1977-03-19 9 ARRIVALS WHO Opvtlor Nnahr Lm» TIdm 1 From CPA CAL MAS JAL CAL SIA OIA CPA THAI OIA RBA SIA SIA MAS CX003 CI333 MH882 JL712 CI814 8Q211 OA90O CX710 TG423 OA0O8 SQ201 SQ240 MH884 0145 0040 0810 1000 1000 1010 1030 1030 1035 1100 1155 1200563 words
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Article482 1977-03-19 9 The Economist WASHINGTON: There may be harder times ahead for newspaper publishers In many large cities as a result of a recent United States court of appeals decision In Washington, DC. The court has ordered the Federal Communications Commission to stiffen earlier rulings and obligeThe Economist - 482 words
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Page 9 Advertisements
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Advertisement192 1977-03-19 9 MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE 1 r ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin192 words
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926 1977-03-19 10 JOHN GOLDBLATT - By JOHN GOLDBLATT ON THE eve of the sixth session of the UN Law of the Sea Conference, the committee entrusted with establishing a new International Taw governing seabed mining is in as rigid a state of disagreement as It was926 words
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Article, Illustration2310 1977-03-19 10 LOW LEI CHOO - By LOW LEI CHOO THE DECISION to adopt cocoa as Malaysia's third plantation crop has proved a good one with International prices soaring over the past year. If things go as planned, optimists believe Malaysia could be among the leading producers In the world2,310 words
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Article, Illustration951 1977-03-19 10 ARUN BHATTACHARJEE - By ARUN BHATTACHARJEE Depih News ONLY A few days before the release of the year end review of the country's economic performance, Finance Minister Chidambaram Subramanlam unequivocally let It be known that the old happy practice of extending Government concessions in the form of taxDepih News - 951 words
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Page 10 Advertisements
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Advertisement334 1977-03-19 10 dormßergerP 0 -"nßeverlyHil*sßie»efeldßilbaoßonnßraun»chwe*gßremenßu ,tellammarec s *rElcbeEssenFrankfurtFreib<jrgFrosinoneFuengirolav. J u t erslo h H a 'a H ei »br on n Helsinki I ngo Ist adt I ser lob n Kaiserslac rteKielKoble 1 ecceLendaLtsboaLogronoLondonLubeckL ;»dLudv*tgs' ialagaMalmoMannheimMessina C Muncben* .rhausenOrleansOsJoPausPesaroPforzbetmPon ecklmghai jalernoSanßemoSanSebastianSantanderTarrago eAnnunci >aVeronaVigoVitonaWiesbadenVVurzborgAachenA )Alessanc* ,naAther AugsburgAvell»noß«*dKreuznachßarcek>n. i»dor m Be reid B i334 words
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Article, Illustration72 1977-03-19 11 PRESIDENT Ferdinand Marcos of the Philippines (left) chats with Singapore Ambassador Cheam Kim Seang and Thai Ambassador Klos Visessurakarn (second and third from left) and their wives. Mr. Marcos has just invested the two out-going envoys with the Ancient Order of Sikatuna and the rankUPI picture - 72 words
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497 1977-03-19 11 Reuter LONDON. Frl. Britain's Labour Government will face a vote of no confidence in the House of Commons next Wednesday, Parliament was told today. The government, which Is in a minority position in Parliament, last night suffered another in a series ofReuter - 497 words
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386 1977-03-19 11 THE recently-concluded seminar of the Industrial Training Board Staff Union yesterday made several recommendations which It hopes will provide for more effective human resources development In Industrial training. It also called on the Government to take a leading role In raising386 words
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Article193 1977-03-19 11 KUALA TRENGGANU, Frl. Malaysia will hold discussions with neighbouring coastal states to determine a new fishing zone for her fishermen. This meeting would be held, once the Law of the Sea Conference had finalised its resolution, agriculture Minister Datuk All Hajl Ahmad said today. Answering193 words
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231 1977-03-19 11 UPI SYDNEY, Frl. A consortium of Australian beef &roducers has won a 5514.7 million (SS36 million) contract for the supply of about 8.800 tons of medium quality beef to Egypt Egypt, previously a small outlet for Australian beef. Is now a potentially majorUPI - 231 words
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483 1977-03-19 11 TOKYO, Frl. Facing a chorus of gripes that Japan makes too much money at America's expense, Premier Takeo Fukuda leaves for Washington tomorrow for a two-day summit with President Carter. Aides of the 71-year-old premier have tagged the trip with the catch phrase "Japanese American483 words
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Article, Illustration220 1977-03-19 11 RECOGNISING that previous efforts to develop management had been too ad-hoc, the United Engineers Group has started planned in-company management development programmes for its executives. The first module, providing a broad awareness of the distinctive functions of professionalism in management, is being presented220 words
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900 1977-03-19 11 Reuter HONGKONG, Frl. Hongkong's Interest rate structure and visible trade performance will be the crucial factors affecting the Hongkong dollar In the next few months, senior bankers said. Most bankers regard the Hongkong dollar as overvalued, but do not expect It to weaken significantlyReuter - 900 words
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Article56 1977-03-19 11 UPI TOKYO, Frl. Former Prime Minister Takeo Mlkl will visit Britain, France and West Germany early in April for meetings with European leaders, officials said yesterday. Officials said during his two to three weeks tour, Mr. Mlki will confer with President Olscard d'Estalng of France and ChancellorUPI - 56 words
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276 1977-03-19 11 Reuter MANILA Frl. A Philippines panel, headed by Ambassador to Washington Eduardo Romualdez, Is to open discussions soon with the World Bank for a US$2O million (SS49 million) loan to Improve water reticulation In various parts of the country, informed sources saidReuter - 276 words
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Article69 1977-03-19 11 THE Diploma In Management Studies (DMS) Alumni, affiliated to the Singapore Institute of Management, has organised a special talk on management productivity at the Marco Polo hotel next Mon- day. The talk will be given by Miss L. King Taylor, described by DMS Alumni as "one69 words
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1028 1977-03-19 11 ANDREW MALCOLM - •y ANDREW MALCOLM A HIGH-RANKING member of the North Korean Parliament suggested here yesterday that now was a good time for "normalisation" of the bitter relations between the United States and his country. The remarks by LI Kye Balk came at a luncheon1,028 words
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Page 11 Advertisements
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Advertisement500 1977-03-19 11 \'>/<|!>/*+=~`]<;'"||//&[[[\']] APPOINTMENTS rima SSSStfC«C PRIMA TOWER REVOLVING RESTAURANT invites applications from suitably experienced candidates for appointment as MANAGER QUALIFICATIONS: Minimum 7 years restaurant operation experience in reputable establishment of similar capacity. Experienced in planning and setting up restaurant operation. Able to communicate well in Chinese and other foreign languages preferable.500 words
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457 1977-03-19 12 AP TOKYO, Frl. Japan and the Association of Southeast Asian nations will meet In Jakarta next Wednesday to continue talks for closer co-operation, the Foreign Ministry said yesterday. Director-general Yosuke Nakae of the ministry's Asian affairs bureau will attend the meeting for talksAP - 457 words
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429 1977-03-19 12 Reuter MANILA, Frl. President Marcos and Mrs. Imelda Marcos will make a second state visit to Japan from April 25 to 28, the Foreign Affairs Department announced here today. The announcement gave no details of the Itinerary or Durpose of the visit.Reuter - 429 words
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258 1977-03-19 12 A 19-MAN delegation from the four chambers of commerce and the Singapore Manufacturers Association will be attending the 6th Asean Chambers of Commerce and Industry Council meeting to be held in Bangkok at the end of the month. The team, comprising representatives of258 words
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Article773 1977-03-19 12 LONDON, Frl. The market was generally easier In reaction to the announced Conservative opposition party decision to move a motion of no confidence" in the Government, dealers said. Closing levels were above the day's lows after the February retail price Index which showed a smaller rise than expected.773 words
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Article120 1977-03-19 12 Reuter TOKYO, Frl. Japan Is considering Increasing its official development aid to Asean to 113 billion yen during the 1977 fiscal year compared with the 72.7 billion pledged for this year, Kyodo News Agency reported. The Foreign Ministry said it could not confirm the report,Reuter - 120 words
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Article290 1977-03-19 12 KUALA LUMPUR. Frl. There are good prospects for the strengthening of bilateral relations between Kuala Lumpur and Hanoi, Malaysia's First Ambassador to Vietnam, Enclk Yusof Hltam, said today. Enclk Yusof, who Is here on a month's home leave, said In an Interview that he was satisfied290 words
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681 1977-03-19 12 Reuter UPI WASHINGTON, Frl. Zaire, the central African country which says It has been Invaded by forces from Angola led by Cubans, Is Important to the United States and the West both politically and economically, US Government sources here said. Angola hasReuter; UPI - 681 words
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Article, Illustration188 1977-03-19 12 NEPTUNE Coral, the 180 million slstershlp of the Neptune Pearl which called at Singapore last November, will make her maiden call at Singapore on Mondav. She leaves on Tuesday for Port Kelang. This 30,933 dwt ship has a capacity of 1,569 TEUs and188 words
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212 1977-03-19 12 THE Minister for Finance, Mr. Hon Sul Sen, yesterday said the Government will continue to give high priority to the training and development of skilled manpower to meet the demands of new and expanding industries In Singapore. Speaking at the official opening of Koyo212 words
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Article165 1977-03-19 12 THE Singapore National Shippers' Council (SNSC) met Mr. W.J.V. Cook, the Singapore and Malaysia representative for the Far Eastern Freight Conference (FEFC), yesterday for what was described as a "purely Informative meeting. It Is understood that the general freight rate Increase proposed by the FEFC as165 words
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569 1977-03-19 12 Reuter LAHORE, Fri. The fovemment has arrested aklstan's four principal opposition leaders following demonstrations for the resignation of Prime Minister Zulflkar All Bhutto, reliable sources said today. Police took retired air marshal Asghar Khan into custody In Lahore last night, while In Karachi early today,Reuter - 569 words
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Article503 1977-03-19 12 AP UPI UNITED NATIONS, Frl. US President Jimmy Carter last night called for a "prolonged and persistent" effort to build a better and more co-operative International economic system. Addressing a special gathering of United Nations diplomats, Mr. Carter said he had asked Congress to provideAP; UPI - 503 words
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Article97 1977-03-19 12 Kyodo MT NAGOYA, Fri. Aika Kogyo Co., Japan's top maker of melamlne-laml-nated wood materials, said yesterday it has established a subsidiary In Malaysia. The Joint-venture Malaysian firm, Mica Door Sendlrlan Berhad of Butterworth, will make wooden doors for shipment to Japan, beginning in July. Mica DoorKyodo MT - 97 words
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Article42 1977-03-19 12 DACCA, Fri. China will buy 800 tonnes of Jute goods worth U5566,000 (*****.000) from Bangladesh under an agreement signed here. The two countries are to exchange commodities worth $14.5 million each during the current year, according to protocol.42 words
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Article43 1977-03-19 12 THE Moscow Narodny Bank, represented by Lee and Lee, has filed a writ In the High Court claiming $477,759 from two Individuals, Mr. Quek Teo Hoe and Mr. Quek Teow Khuan. The sum Is alleged to be due under a contract.43 words
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199 1977-03-19 12 MR. S. Dhanabalan, MP for Kallang, called on the Ministry to provide more funds for primary education of deaf children. He criticised the Ministry for allowing the Association for the Deaf, which Is a voluntary organisation, to assume the main role In199 words
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Article115 1977-03-19 12 THE Registry of Vehicles, Traffic Police and Public Works Dept (Roads Branch) are currently looking Into the possibility of lifting the restriction along certain roads within the Central Business District (CBD) during the peak morning hours of 7.30 a.m. to 10.15 a.m. The Minister115 words
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Advertisement348 1977-03-19 12 Good reading on 1 TP I I i 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 time348 words
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