The Business Times, 23 April 1977
1977-04-23
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The Business Times
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Title Section10 1977-04-23 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, APRIL 23, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article56 1977-04-23 1 AUSTRALIAN Foreign Minister Andrew Peacock will be making a three-day unofficial visit to Singapore beginning today, an Australian High Commission source here said yesterday. During his stay, he will chair a routine meeting of heads of missions and ambassadors from Singapore, Malaysia, Indonesia, the Philippines, Thailand, Burma,56 words
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Article60 1977-04-23 1 Reuter WASHINGTON, Frl. President Carter said today he plans to fight to the end for his proposal for a controversial tax on petrol, a central part of his sweeping energy programme. "I'm deeply dedicated to the gas tax and will fight to the last vote InReuter - 60 words
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Article64 1977-04-23 1 UPI LONDON, Frl. The Bank of England today cut the minimum lending rate by one quarter point for the fourth week In succession to 8% per cent. It was the tenth cut in the rate this year and the 13th since it stood at a record 15 perUPI - 64 words
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Article68 1977-04-23 1 Reuter KUALA LUMPUR, Frl. Bank Negara, Malaysia's Central Bank, today lowered the Interest rate chargeable to commercial banks for financing under the export credit refinancing scheme from four to three per cent per annum. A Bank Negara statement said that commercial banks had been directed to lowerReuter - 68 words
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Article47 1977-04-23 1 AP ISLAMABAD, Frl. The army opened fire on demonstrators defying martial law in Karachi today, killing at least 20 persons and injuring 200, unofficial reports said. It was the worst day of violence since protests over election results began six weeks ago. APAP - 47 words
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Article30 1977-04-23 1 UPI SYDNEY, Frl A 12-hour strike by 1,200 air traffic controllers will close all major airports In Australia from noon on April 29, newspapers reported today. UPIUPI - 30 words
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Article50 1977-04-23 1 UPI TOKYO, Frl. Eleven member nations of the Organisation of Petroleum Exporting Countries (Opec) are likely to abandon plans to enforce a five per cent Increase In their crude oil prices on July 1 because of slow global demand, a Japanese research Institute reported today. UPIUPI - 50 words
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Article33 1977-04-23 1 Reuter PARIS, Fri. Major French rail unions said they called a national rail strike oh April 28 and 29 as part of a protest against government economic strategy. ReuterReuter - 33 words
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Article72 1977-04-23 1 UPI NEW YORK, Frl. The stock market turned sharply lower during the first hour of trading In New York Stock Exchange Issues as President Carter reiterated that he would battle to the end for his energy conservation programme. Turnover was active and the Dow Jones Industrial average, whichUPI - 72 words
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Chief Price Changes
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Article, Illustration179 1977-04-23 1 SHARE prices were again eroded in listless trading at the Stock Exchange of Singapore yesterday. Losses were mostly reflected by the popular lowerpriced industrials and in the drop of 1.64 points in the Business Times index to 256.83. Interest in the better class stocks remained lacking too179 words
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Article101 1977-04-23 1 Rises Most active Castlefleld 4.18 .016 Central Sugars* Haw Par 194,000 135 000 Incncape K Sldlm 3.82 T'GanuDev. 0.66 C. Sugars 158 Dutch Baby 0.85 I M Text. 0.22 TanChong 166 Falls A Hitam Tin 9.50 Dunloplnd 3.12 Shell Ord. 1.85 M Tobacco 5.10 O.C.B.C. 8.75 .09101 words
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1220 1977-04-23 1 SOH TIANG KENG - U.S. ADOPTS TOUGH STANCE •y SOH TIANG KENG M ANIL A, Frl. The Asian Development Bank meeting entered its second day today with controversy raging over the lending policies of the 42-natlon bank. Taking a hard-line attitude, the US urged the bank to Increase its1,220 words
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445 1977-04-23 1 DEVELOPED countries were yesterday urged to take a more enlightened attitude towards exports of developing countries. The call was made by the Senior Minister of State for Communications, Mr. Ong Teng Cheong, at the 33rd plenary session of thf United Nations' Economic and445 words
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Article122 1977-04-23 1 Reuter MANILA, Fri. European businessmen are Interested in Investing in the five cooperative projects which Asean has agreed to set up, Philippines Industry Secretary Vicente Paterno said today. In an interview with the official Philippines News Agency, Secretary Paterno said this had emerged during theReuter - 122 words
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Article582 1977-04-23 1 LOSS prone Overseas Textile Company will slash Its capital by three quarters to keep Its equity in line with the asset value of the operation. In a notice yesterday, the company called for an extraordinary general meeting to be held on May 14 at582 words
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Article139 1977-04-23 1 THE vohiM of wliwrtl oil dlacharged la Singapore la February Ml to tho lewoot jtorei bk over i roar, mecardlag to tho Statiatica Department. Diachargeo far that aoath wore only juet over half the January amount. I The rolume of other cargo I loaded at the139 words
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326 1977-04-23 1 Korean bank hopes to tap Asian market KOREA'S largest commercial bank has just established a representative office la Singapore with a view to tapping the Asian dollar market for Korean companies. According to Mr. Soo Kon Pae, chairman and president of the Commercial Bank of Korea, there is considerable potential326 words
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Article269 1977-04-23 1 KUALA LUMPUR, Frl. Malaysia may have to declare a national disaster on rice production unless rain falls In the Muda Irrigation rice growing region of northern Malaysia within the next three weeks, Muda Agricultural Development Authority chairman Syed Nahar Shahabuddln said. Speaking In Alor Star,269 words
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Article204 1977-04-23 1 THE president of the Singapore Advertisers Association (SAA), Mr. Patrick Mowe, yesterday charged Radio and Television Singapore (RTS) with fixing arbitrarily high premium rates for advertisements on popular telvlslon programmes which penalised advertisers severely. He said that the object of the move seems to be204 words
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Article94 1977-04-23 1 Reuter BANGKOK, Frl. The Cabinet early this week lifted the four-year old ban on the Import of gold bullion, the Finance Ministry source said today. A committee will be set up by the Finance Ministry to call for bids for Importing rights of gold bullion whichReuter - 94 words
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Page 1 Advertisements
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Advertisement43 1977-04-23 1 8 years old at least! I Market Ke views/TV ft Radio Overseas Newa/Teature Local Co New. Oversea* Stocks PI Commodity Transport ft Com- P3 municatlons P4 Features international (Jo News P 5 Local 4k Overseas Local Stocks p fi News —Pll. 12 LI43 words
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Advertisement60 1977-04-23 1 We are the Rolex people in Singapore Come and see us! If you are thinking of investing in a Rolex, see our fabulous range of fine watches at Eastern Watch Co. OFFICIALLY APPOINTED DEALER 285 South Bridge Road Tel *****/***** Ground floor, Peninsula Shopping Centre, Coleman Street. Tel *****9 Ground60 words
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Advertisement225 1977-04-23 1 THE PERFECT INVESTMENT J Take a look! Industrial premises for sale Small Factory Covered area 1,439 sq. m. 30 years JTC lease In Jurong from December 1973. Fitted with 10 ton "Demag" overhead crane. Site area 5,854.7 sq. m. Price $550,000 with vacant possession. Available immediately. Large Factory Industrial space225 words
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MARKET REVIEW
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Article284 1977-04-23 2 AS generally anticipated, share prices drifted lower in dull, featureless conditions at the Kuala Lumpur Stock Exchange this week The pattern of trading, In fact, hardly varied from day to day as share prices were i generally left to slip marginally In the absence of fresh Interests. The284 words
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Article279 1977-04-23 2 Reuter UNCERTAINTY over the wage/ price freeze Impasse was the dominant background factor affecting trading sentiment on the Sydney Stock Exchange this week. Observers noted that buyers preferred to stay on the sidelines for most of the week, and with the tight monetary conditions now prevailing, business activity wasReuter - 279 words
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Article548 1977-04-23 2 FOR the greater part of this week the bulls beat a hasty retreat and caused prices to finish generally lower at the Stock Exchange of Singapore. Each opening day saw a reserve of selling orders carried over from the previous day, mainly on profit-taking account. The brief rally noted548 words
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Article326 1977-04-23 2 IVAN FALLON - LONDON By IVAN FALLON LONDON, Frl. The stock market here has gone to ground. On Wednesday trading reached its lowest level so far this year with a miserable 4,732 marks. There have been swings and roundabouts in share prices but somehow we always seem to end up326 words
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Article376 1977-04-23 2 ANYONE who thought all the fuss and bother over the change of domicile of the London tin companies are over had better think again. The documents relating to the transfer and to the fenerat meeting on May 10 or Malayan, Southern Malayan, Southern Klnta and376 words
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Article367 1977-04-23 2 THE tin companies have not been the only Eastern matter of controversy this week. Consolidated Plantation's bid plans have equally attracted a rebel group not the same people who are determined to win better terms for shareholders (including themselves) in Patani Para Plantations. Conplant has been busily367 words
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Article372 1977-04-23 2 I can remember talking to Henry Keswick in his office at the to|J of the Connaught Centre when he said "My ambition is for Jardine to come through this depresion with our earnings growth of 20 per cent Intact.'' Jardine did remarkably well through the bad372 words
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313 1977-04-23 2 Reuter PITTSBURGH, Frl. US Steel Corp., the leading US producer, said yesterday it is studying possible price increases covering a broad range of its products to cover the cost of a new contract with the United Steelworkers Union. President David Roderick told a newsReuter - 313 words
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Article240 1977-04-23 2 UPI LONDON, Frl. British hoteliers are top of the league compared with their continental partners, according to a survey yesterday by consultants Pannell Kerr Foster. British hotels have been making much fatter profits than hoteliers in the rest of Europe, they say. The survey excluded theUPI - 240 words
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Article116 1977-04-23 2 A royal secret Reuter LONDON, Frl. Shareholdings held by Britain's royal family are to remain a state secret, a Government minister told the House of Commons. Mr. Clinton Davis, Minister of State for Trade, said In Parliament yesterday that the Government had decided to exempt the royal family from theReuter - 116 words
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Article52 1977-04-23 2 Reuter LONDON. FrL Ashland Oil (G. 8.) Ltd Is issuing a US$6O million Eurobond, due 1982, with an expected 7.50 per cent coupon, lead manager Banque de Paris et des Pays-Bas said. The bond, guaranteed on a subordinated basis by Ashland Oil Inc. will be priced according toReuter - 52 words
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Article90 1977-04-23 2 LOS ANGELES, Frl rnc 1977 earnings to top the 1976 record of U555.75 a share or $164 million chairman Mr. William s S th a nnua meeting Mr. Pa ley said the firtt quarter improvement reflected the formance of the CBs Broadcast Group and the C90 words
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Page 2 Advertisements
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Advertisement285 1977-04-23 2 Business Times I I i I iW* a money-saving bonus offer for all their advertisers Effective from now to September 30,1977 We have great news for all advertisers: From now to September 30, 1977, Business Times will offer advertisers a FREE additional insertion for every two insertions appearing in the285 words
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OVERSEAS
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274 1977-04-23 3 Reuter HAMBURG, Fri. World oil consumption, including communist countries, rose by 4.8 per cent to a provisional record of 2.82 billion tonnes In 1976, from 2.69 billion in 1975, and against the previous high of 2.77 billion established in 1973, Esso said. WorldReuter - 274 words
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Article117 1977-04-23 3 Reuter LONDON, Fri. The cost of producing oil In the UK sector of the North Sea is now estimated at between US$3 (557.50) and $9 per barrel (1976 prices), compared with a previous estimate of between $2 and $8 (1975 prices) Mr. Dickson Mabon, UKReuter - 117 words
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Article90 1977-04-23 3 Reuter LONDON. Fri. UK first quarter consumer spending fell to 18.74 billion (5536.7 billion), at 1970 prices seasonally adjusted, from £8.93 billion in fourth quarter 1976 and £8.81 billion in first quarter 1976, Central Statistical Office preliminary estimates show. The Office said spending on alcoholicReuter - 90 words
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758 1977-04-23 3 Reuter BRUSSELS, Fri. The Carter Administration assured America's allies and trading partners In Western Europe yesterday that It would strongly oppose domestic pressure to restrict foreign Imports, and particularly pressure for further curbs on Imports of European steel. Specifically, RTthard Cooper, theReuter - 758 words
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Article215 1977-04-23 3 UPI DAMASCUS, Fri. United States legislation to counter Arab boycott rules "could cause damage to American companies' interests in the Arab world," an official of the Central Office for the Boycott of Israel said yesterday. The official, who was commenting on the House of Representatives antiboycottUPI - 215 words
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Article158 1977-04-23 3 Reuter PARIS, Fri. France's Socialist- Communist alliance will freeze prices and raise the national minimum wage to 2,200 francs a month'if it comes to power after next year's parliamentary elections, Communist Party general secretary Georges Marchals said. He told a businessmen's conference the LeftReuter - 158 words
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167 1977-04-23 3 Reuter WASHINGTON, Fri. Treasury Secretary Michael Blumenthal said yesterday it would be difficult to enforce a proposed law making it a US crime for anyone to pay bribes abroad to promote sales. Nevertheless, Mr. Blumenthal told a House of Representatives Commerce Subcommittee, bothReuter - 167 words
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476 1977-04-23 3 Reuter NEW YORK. Fri. Market assessments of the latest money supply data was probably confused by the inclusion in the current report of the quarterly benchmark revisions of the monetary aggregates, money market analysts said. For the April 13 week, the Federal Reserve Bank reported anReuter - 476 words
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Article326 1977-04-23 3 Reuter WASHINGTON. Fri. US new orders for durable goods rose by 6.8 per cent, or U553.77 billion (559.3 billion) to a seasonally adjusted $58.93 billion in March, the Commerce Department said. In February, new orders rose by $216 million, or 0.4 per cent to $55.16Reuter - 326 words
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318 1977-04-23 3 Reuter PARIS, Fri. —The French Treasury's latest bill auction confirmed the recent easier trend in short-term interest rates to the extent that money market dealers are now talking seriously about the possibility of a bank rate cut in the near future. The BankReuter - 318 words
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219 1977-04-23 3 Reuter FRANKFURT. Frl. Bundesbank directorate member Helmut ichleslnger said German industrial production and gross national product probably rose slightly In the first quarter of 1977 compared to the final three months of 1976. He told reporters he could not give figures because of uncertaintyReuter - 219 words
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309 1977-04-23 3 Reuter NEW YORK, Frl. Merrill Lynch and Company, the world's largest brokerage house, yesterday said It had uncovered about US$lBO,OOO (*****.000) In irregular torelgn payments by two of its subsidiaries. It also reported Irregular billing and payments practices by a 50-per cent owned metalReuter - 309 words
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Article, Illustration274 1977-04-23 3 Reuter PARIS, Frl. A parliamentary enquiry Into the French aircraft Industry has found that the Marcel Dassault-Breguet Co. which was accused of huge tax frauds last year, committed no Irregularities with the public funds It had received. But the report of the committee ofReuter - 274 words
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195 1977-04-23 3 UPI. BURBANK. Fri. The four newest member* of the Lockheed board of director# will be responsible tor implementing recommendations of an internal investigation conducted after revelation of the firms foreign bribery scandal, board chairman Mr. Robert Haack announced vesterdav. Mr. Haack said theUPI. - 195 words
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Article158 1977-04-23 3 Reuter LONDON. Frl. US$5O million (SSI2S million) fiveyear Eurocurrency loan for Chile, among the first major capital market borrowings i by the post-Allende Government. is meeting a positive (response now it has been placed in general market syndication, banks close to the credit said here. TheReuter - 158 words
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Page 3 Advertisements
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Advertisement282 1977-04-23 3 ESTABLISH A NAME FOR YOURSELF. WITH ONE OF OURS. f w, When you corry names like Pierre Coram. Lonvin and Bally you can't help but do a little namedropping After all. these famous houses represent the finest menswear and accessories anywhere And if you'll allow us a little further seifmduigence.282 words
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Page 3 Miscellaneous
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Miscellaneous352 1977-04-23 3 RADIO TV SINGAPORE 5 100 P M. Opening Announcements followed by Sesame Street 0 155 Saturday Matinee The Big Frame Starring: Mark Stevens, Jean Kent, John Bentley 3.00 The Phil Silvers Show Present Ed Sullivan (r) 3.25 Soccer Malaysia Cup 77 (Preliminary 2nd Round) Singapore vs Johore (English) (r) 4.25352 words
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Miscellaneous43 1977-04-23 3 H THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on April 22 at Singapore airport. Maximum Temperature Associated Humidity Minimum Temperature Associated Humiditv Hours of Sunshine Rainfall in Millimetres Total Rainfall for the Month Total Rainy Days for the Month43 words
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Miscellaneous66 1977-04-23 3 I 6UT its PLReHoy fc 35 I /SMouLDN-n ISHOCID Hoße. A.ig-11 -~Ti4gW'\/c A "J' W TfemffeßS PWE /ee LONG. HOT TH£ NPiTiVfcS I !*:2*°"-! TO pei=»y J IP»nwwp»V 5 Ptfze Gernrvc I V GOT J PV\sTe* .Cfly u3*s»oiLey I Ift&sTLess. J "ou» moot long€J2 HPtve 1 ——\r W I tJ66 words
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COMPANY NEWS
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814 1977-04-23 4 KECK SENG, a plantation company largely owned by private Singapore interests, is offering six million MSI shares representing 30 per cent of its equity to the Malaysian public at par. It is also making a private placement of 4.2 million shares, which will814 words
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279 1977-04-23 4 DESPITE a poor first halfyear, Setron managed a strong finish to end the 1976 financial year with group pre-tax profit slightly ahead of 1975 at 55.07 million. At the half-way stage, earnings were actually 8.9 per cent down at 51.9 million but a strong second279 words
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COMPANY MEETINGS
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Article22 1977-04-23 4 THE following company meetings are due: Apr 26, 12 noon, Registered Office, Rumah Harlmau, 468 Jalan Ipoh, Kuala Lumpur.22 words
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Article15 1977-04-23 4 Apr 27, 9.30 a.m.. Registered Office, 16 Jalan Tangsi, Kuala Lumpur.15 words
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Article15 1977-04-23 4 Apr 28. 12 noon, Registered Office, Chartered Bank Chambers, Beach Street, Penang.15 words
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Article14 1977-04-23 4 Apr 28, 12 noon. Registered Office. 15 Claymore Drive, Singapore 9.14 words
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Article17 1977-04-23 4 Apr 29, 10 a.m., 24th Floor, Hong Leong Building, 16 Raffles Quay, Singapore 1.17 words
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Article18 1977-04-23 4 Apr 29, 10.30 a.m.. Registered Office, Bth Floor, UMBC Building, Jalan Sulalman, Kuala Lumpur.18 words
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20 1977-04-23 4 Apr 29, 11.30 a.m.. Conference Room OCBC Centre, 19th Floor, Chulla Street, Singapore.20 words
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Article16 1977-04-23 4 Apr 29, 12 noon, Registered Office, No. 3 Jalan Bandar, Kuala Lumpur.16 words
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Article20 1977-04-23 4 Apr 29, 4 p.m., Registered Office, Tingkat Kedua, Blok E, Kompleke Pejabet Damansara, Damansara Heights, Kuala Lumpur.20 words
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13 1977-04-23 4 May 4, 12 noon, 4 Jalan Tendang, Petaling Jaya.13 words
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Article19 1977-04-23 4 May 4. 4 p.m.. Registered Office, Suites 4022-4025, President House, 54 A, Jalan Imbl. Kuala Lumpur.19 words
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Article14 1977-04-23 4 May 10. 2.15 p.m., Registered Office, 10 Jalan Tandang. Petaling Jaya.14 words
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Article13 1977-04-23 4 May 12, 12 noon, Bastion House, 8 Jalan Kota, Malacca.13 words
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Article15 1977-04-23 4 May 12. 12 noon, at the Shangri-La Hotel, 22 Orange Grove Road, Singapore.15 words
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17 1977-04-23 4 May 14. 11.30 a.m., Registered Office. DBS Building, Shenton Way. Singapore 1.17 words
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LATEST RESULTS
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84 1977-04-23 4 KINTA KELLAS TIN DREDGING COMPANY Unaudited pre-tax profit M 56.31 million ($2.35 million) for the year ended March 31. 1977. Tax $3.14 million (sl.'-3 million) leaving net profit $3.17 million ($1.23 million). Output of tin ore concentrates 10.856 piculs (10,249 plculs), sales 14,003 piculs (7,104 piculs). Average net tin price84 words
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Article641 1977-04-23 4 Currant Ei Date Total for Total far payment Date payable the year previous yoar K.L. Kepong Deb. PfyfyCTif g 5.25HI Apr 7 Apr 25 5 25*1 10 5* 7*1 April Apr 25 7*1 20*a Carl* berg Aytr Hi lam Tin 10* Mar 30 Apr 26 10* Nil 208.33*1641 words
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489 1977-04-23 4 C.K. TANG has achieved a record 213.8 per cent rise In pre-tax profit to $2.24 million for the year ended Dec 31, 1976 its second year as a public company. In 1975, the company managed a growth rate of some 25 per cent with489 words
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Article1072 1977-04-23 4 On April 21 TRADING in options on the Chicago Board Options Exchange came to 120,747 contracts on Thursday, compared to 105,300 contracts on Wednesday. OPTION JLY OCT JAN STOCK ClUcp ClUcp ClUcp Del Air Del Air Del Air Disney Disney Disney Disney Disney Disney Dftney DowCh DowCh1,072 words
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Article233 1977-04-23 4 THE New Straits Times Press has appointed Encik Zakuan Ariff to its board of directors on March 1. Mr. C. A. Reghenzani has been appointed as a director or Bovls South East Asia Berhad, with effect from April 19. Jardlne Matheson appointed Mr. E. J. V. Hutt233 words
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528 1977-04-23 4 FOLLOWING the slowdown in profit growth in 1974 and 1975, conditions at Selangor Properties, developers of the Damansara suburb, Kuala Lumpur, .appear to have deteriorated during the year ended Oct 31, 1976. But given the slack state of the property market and the528 words
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675 1977-04-23 4 NEW YORK: NYT WHEN the new management team Joined United Realty Trust In Beverly Hills, California, in mid--1975, the banks were pressing the trust to repay borrowings while an Inordinate amount of the trust's investments were In trouble. John B. Larue, now United's president,NYT - 675 words
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816 1977-04-23 4 Richard Phalon - By Richard Phalon NYT AS FRANK C. Carr sees it, at least some of the chill the 'cliffhanger of New York's financial problems has put on individual investors' interest In municipal bonds is evaporating. Mr. Carr ts president of theNYT - 816 words
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Page 4 Advertisements
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Advertisement366 1977-04-23 4 Good reading on from Penguin. China the most populous nation in the world. Fast emerging as a major power in world politics. Isolated from the rest of the world for over two decades, world attention has nevertheless turned to this most enigmatic of nations time and again. Starting with Nixon,366 words
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INTERNATIONAL COMPANY NEWS
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681 1977-04-23 5 Reuter LONDON, Frl Earnings at Dunlop Holdings recorded an Increase of 41 per cent last year on a 26 per cent rise In sales. Pre-tax profit rose to £73.3 million (£52 million) on sales of £1.29 billion (£1.02 billion). Earnings per share came to 19Reuter - 681 words
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Article465 1977-04-23 5 HAMBURG. Frl. The European Asian Bank (Eurasbank) has again achieved a marked expansion of its operations in South-east Asia as well as a healthy increase in profit. For the first time, Eurasbank's total assets topped the one billion mark, rising by 21 per cent465 words
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Briefly
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Article84 1977-04-23 5 Reuter DETROIT, Fri. American Motors chairman Mr. Roy D. Chapin Jr said the firm expects to show a small profit in the JanuaryMarch period, the second quarter of its fiscal year. Mr. Chapin speaking to Reuter. would not make any. estimates but said he hopes and expects the companyReuter - 84 words
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Article62 1977-04-23 5 TOKYO, Fri. Ito Yokado plans a convertible bond issue in the US, probably for US$5O million with a maturity of 15 years, securities sources said. No date has been set for filing with the Securities and Exchange Commission, but the issue is expected within the next two months.62 words
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Article109 1977-04-23 5 Reuter MILAN, Fri Montedison shareholders approved plans for a 392 billion lire capital increase which outgoing chairman Mr. Eugenio Cefls said will probably be carried out in several operations over the next couple of years. Mr. Cefis told the shareholders at the end of a day-long meeting that theReuter - 109 words
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Article29 1977-04-23 5 LONDON, Fri. Manufacturers Hanover Leasing Canada's Cs2s million Eurobond with an BV2 per cent coupon due 1982 was priced at 1004, Wood Gundy said as lead manager.29 words
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Article74 1977-04-23 5 Reuter NEW YORK, Fri. Engelhard Minerals and Chemicals said all three of its divisions were affected adversely by cold weather and related energy problems in the first quarter. Engelhard said earnings from the international marketing operations of its Philipp Brothers division declined moderately, while other divisions' earnings were higher.Reuter - 74 words
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Article65 1977-04-23 5 Reuter FRANKFURT. Frl. The World Bank is raising a 400 million mark bond, expected to be for 10 years without early redemption and with a 6'/» per cent coupon, lead manager Deutsche Bank confirmed. Loan signing is planned for April 28. The bond is being managed by theReuter - 65 words
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Article45 1977-04-23 5 Reuter FRANKFURT. Fri. The 100 million mark Eurobond for the Federal Republic of Brazil will go into the market this afternoon with a seven year maturity, but the coupon still has not been decided, bond market sources said. Lead manager is Deutsche Bank. ReuterReuter - 45 words
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Article91 1977-04-23 5 Reuter SYDNEY. Fri. A series of three major earthquakes in the Solomon Islands yesterday was not felt on Bougainville island at the northern end of the Solomon's chain, Bougainville Copper sources told Reuter by telephone from Arawa, the port for the mine. The quakes caused at least one deathReuter - 91 words
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Article60 1977-04-23 5 Reuter TOKYO, Fri. Kajlma Corp said its overseas subsidiary, Kajima Overseas (Curacao), plans to float a US$2O million five-year Eurobond in mid-May. Proceeds will be used for equipment investment in its subsidiaries and affiliates in the US. Lead managers are Daiwa Europe and Morgan Stanley International. The issue contractReuter - 60 words
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Article92 1977-04-23 5 Reuter ROTTERDAM, Fri. Nationale Nederlanden said it plans to issue one new share for every 10 held from the share premium reserve. The new shares will rank for 1976 dividend and will be free of Dutch dividend and income tax. It proposed a final dividend of 2.58 guilders, whichReuter - 92 words
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Article203 1977-04-23 5 Reuter STAMFORD, Frl. General Telephone and Electronics expects full year 1977 operating results to show significant improvement over last year, chairman and chief executive Mr. Tehodore F. Brophy told the annual meeting. He said "we anticipate a favourable economic atmosphere during the balance of 1977 onReuter - 203 words
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Article142 1977-04-23 5 Reuter FORT WORTH. Texas, Frl. Tandy said Its third quarter profit rose two per cent to US$l5.l million from $14.8 million In the year-ago period. The current year earnings excluded a loss from discontlnued operations of $2,257,000 or 15 cents a share. Tandy, which makes consumerReuter - 142 words
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Article207 1977-04-23 5 Reuter PITTSBURG. Frl. Paced by the strongest demand in two years, the Aluminium Company of America (Alcoa) reported a 116 per cent gain in profit for the first quarter compared to the same period of 1976. Alcoa, the leading American producer, said it earned U5548,911Reuter - 207 words
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Article118 1977-04-23 5 Reuter TOKYO, Fri. Casio Computer said it decided to denominate export contracts for electronic desktop calculators and digital watches In yen instead of sterling or the dollar to avoid foreign exchange risks. The new policy will first be applied to export contracts with Its whollyowned salesReuter - 118 words
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Article134 1977-04-23 5 Reuter NEW YORK. Frl St. Regis Paper said it expects results for the rest of the year to improve from the 27 per cent decline in earnings for the first quarter. Net earnings for the quarter fell to US$l5.7 million on revenue of $429.7 millionReuter - 134 words
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316 1977-04-23 5 Reuter WASHINGTON, Fri. The US Supreme Court has agreed to hear an appeal by American manufacturers of the antibiotic tetracycline who contend that damages suits by the Governments of India. Iran and the Philippines should not be recognised by US courts. The three countriesReuter - 316 words
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Article1208 1977-04-23 5 Michael Sterne - GREATER POLITICAL STABILITY By Michael Sterne NYT A FRENCH banker who eats hamburger lunches at his desk and likes both the hamburgers and the time such lunches save him... A Swedish industrialist who gets an emotional lift when he steps off his commuter train each morningNYT - 1,208 words
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Article299 1977-04-23 5 Reuter ROTTERDAM. Frl. Unilever expects immense practical problems would be posed for edible oils and fats by the commodity buffer stock and Indexation scheme envisaged In the framework of Unctad to protect the economies of developing countries. A major problem was the high lnterchangeablllty of oilsReuter - 299 words
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Article129 1977-04-23 5 Reuter CHICAGO, Frl. First quarter net earnings at Commonwealth Edison advanced to U5548.15 million or 76 cents a share from $39 million or 68 cents a share previously. Revenue amounted to $512.6 million against $457.5 million. The company said the net earnings are after preferredReuter - 129 words
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Article98 1977-04-23 5 Reuter TOKYO, Frl. Kubota said it signed a 10-year agreement with Turkey's state-run agricultural machines manufacturer, Turklye Zlral Donatlm Kurumu Genel Mudurlugu, to supply tractors and tractors manufacturing technology. Under the agreement, Kubota will export 4,000 small tractors worth 2.5 billion yen this year, half of whichReuter - 98 words
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Article105 1977-04-23 5 Reuter EAST HANOVER, NJ, Frl. Nabisco expects record 1977 earnings and sales against the US$2.O2 billion of sales and $77 million ($4.82 a share) earned in 1976, chairman Mr. R.M. Schaeberle said. Factors contributing to the improved first quarter were a new product from biscuit division bacon andReuter - 105 words
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Article47 1977-04-23 5 Reuter WASHINGTON, Frl. Liabilities of US banks to their foreign branches rose US$493 million to $3.37 billion week ended April 13. the Federal Reserve Board reported. This was $707 million more than the level of Eurodollar borrowings In the week ended April 14, 1976. ReuterReuter - 47 words
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Article153 1977-04-23 5 Reuter WASHINGTON. Frl. The US Federal Power Commission (FPC) said It hoped to Issue a final decision by the end of thte year on the proposals of two companies to import one billion cubic feet of natural gas dally from Algeria. The FPC ordered expeditedReuter - 153 words
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Article102 1977-04-23 5 Reuter SYDNEY, Frl. A western Australian Industrial commissioner referred t\e Australian Metal Workers Union (AMWU) strike at the Mt. Newman iron ore mine to the Industrial Commission yesterday, a Mt. Newman Mining spokesman told Reuter by telephone from Perth. He said this means the commission will decideReuter - 102 words
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Article82 1977-04-23 5 Reuter MANILA, Frl. Philippine Oil Geuiherinal Energy Inc. (Pogei) said It will drill two wells this year, offshore in the north-west Palawan area and in the Visayan region, possibly onshore. Pogei vice-president for operations Jesus Galang told a shareholders meeting the Palawan well would be named East Nido. PogeiReuter - 82 words
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Article344 1977-04-23 5 Reuter STAMFORD. Conn., Fri Xerox said it is making steady progress toward another record year In 1977. It said pre-tax earnings for the first quarter were up 16 per cent and pre-tax profit margins were 18.1 per cent, up from 17.9 per cent. The tax rateReuter - 344 words
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Article182 1977-04-23 5 Reuter NEW YORK. Frl. Union Carbide, the second largest US chemical producer, reported a 19.7 per cent drop in first quarter profit from a year ago on an 11 "4 per cent rise in sales. Union Carbide said it earned US$Bl.5 million, or $1.32 a share,Reuter - 182 words
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Article113 1977-04-23 5 Reuter LANCASTER. Ohio, Fri. Anchor Hocking said that its first quarter earnings dropped 34 per cent from the year-ago quarter despite a seven per cent sales gain. The maker of glass tableware and containers said, however, that it still expects higher earnings and sales this year. TheReuter - 113 words
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Page 5 Advertisements
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Advertisement127 1977-04-23 5 Taste the difference in TSINGTAO BEER! Tsingtao beer is distilled from the sparkling mineral waters of Mount Laoshan in China. There's abundant goodness bottled up in Tsingtao... The goodness of the finest barley and hops and mineral waters. Come, taste the difference in Tsingtao beer. Available in all Emporiums r127 words
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Article2142 1977-04-23 6 Gr'a Gr'i Net 1977 Lul div Div y'ld Vol Day High Low Company Sale +or- c'vr P/E ('•WT Hick Low SECTION ONE INDUSTRIALS 146 136 Ac ma 144 12.ON 1.1 8.3 7.2 133 127 Acma A 128 unch 12.ON 1.1 9.3 6.4 1 128 128 204 2042,142 words
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Article1172 1977-04-23 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1000 units unless otherwise specified All Time Settlement Contracts are quoted after the word Sett Big Board1,172 words
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Article1198 1977-04-23 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS Acma (1.398). Alinomoto (2 00B) (1) 2 02. <1> 2.00. CD.1,198 words
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Article109 1977-04-23 6 STRIKING price* of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer price* and businea* done yesterday, with the number of options traded shown in bracket*. D.B.S. (June $3.90)(0.04B 0 05S) (2 0 05. (5 0 04* (Dec $3.60) (0.258) Inchcape109 words
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Article146 1977-04-23 6 SINGAPORE UNIT TRUST (Manager*' prion for Ayr 25) INCOME BOND UNIT (Curreat price*) The Commerce.... 1.73 1.83 The Saving Fund 0.89 0 94 S'pore Prog Fund 0.79 0 84 S'pore Security Fund 1.47 1.55 S'pore Invest Fund 1.01 1.07 ASIAN UNIT TRUST (Manager*' price* for Apr 2S) Mai146 words
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Article177 1977-04-23 6 BOTH MYk I9#l (100,000) (103B103*«S) D B S 8 MYk IW2 (100.000) (100' sB 100 T »S) DBS Converts 6 MYk 1991 (100.000) (97'«8 98S) El 89% 1982 (100.000) (103' >B 104 US) E I B 8 1/lVt 1983 (100.000) (IOOUB 101'/«S) I B J 8 MYk 1981177 words
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Article111 1977-04-23 6 5 1/2% 1/4/78 (250.000) (101.488 101 58S) 5 1/2% IS/4/78 (250.000) (101.498 101 635) 5 1/4% 15/7/78 (250.000) (101. SOB 101.58S) 4 3/4% 1/5/79 (1.000.000K 1)100.63 13/47, l/V79( 250.000) (100.558 100 70S) 7% 1/7/79 250.000) (104.70B) 5 1/4% 15/10/79 (250.000) (101.558 101 70S)(4)101.45 6 3/4% 15/6/80 (250,000)111 words
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Page 6 Advertisements
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Advertisement19 1977-04-23 6 1 t f I JT I R Hi I e i i i found only in the best company...19 words
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Article400 1977-04-23 7 THE Singapore stock market ruled easier in quiet trading yesterday. Losses scattered across the board remained small. Judging by the declining volume and the very narrow price movements it would a pear that the bulls and the bears were quickly approaching a stalemate. Technically, the market was400 words
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Article502 1977-04-23 7 TRADING conditions at the Kuala Lumpur Stock Exchange continued to rule dull and hesitant with a slightly easier tendency yesterday. Investors and speculators still preferred to hold off fresh commitments for want of Incentives and wider margin to manoeuvre and traders too, were apparently becoming502 words
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Article171 1977-04-23 7 TORONTO, Frl. Inco reported net earnings Increased to US$4l million on sales of $450.9 million In the first quarter this year. It compared with $23 million on sales of $433.7 million In the quarter a year ago. Net earnings per share were 55 cents against 31171 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1167 1977-04-23 7 NEW YORK: Cautious Investors brushed aside favourable economic news In the aftermath of President Carter's energy message, driving stock prices lower In active trading on Thursday. The market received some initial support from a government report that March consumer prices rose only 0.0 per cent after a one1,167 words
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Article292 1977-04-23 7 AMSTERDAM: Shares advanced virtually across the board with main stock Indices rising to new highs for the year on Thursday. Sentiment was aided by the overnight upturn In Wall Street, dealers said. Royal Dutch, Akso and Hoogovena were leaders to rise In Dutch Internationals and RSV, VMF, Algemene Bask,292 words
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Article381 1977-04-23 7 JOHANNESBURG: Gold shares eased throughout the day on lack of overseas Interest and In line with European bullion Indications on Thursday, dealers said. Financial minings moved off In line with producers. In diamonds, De Beers lost a net three cents to 397 after a firmer start. Coppers were softer,381 words
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Article346 1977-04-23 7 PARIS: The market was mixed with some late Improvement after early liquidation for the end of account on Thursday, dealers said. Banks, motors and constructions moved irregularly, with Ferodo and Gmarale Occidental* strong points. Nobel Basel lost a little ground after passing Its dividend for 1976. In oils BP346 words
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Article411 1977-04-23 7 SYDNEY. The market was mixed, with active buying taking selected stocks higher on Friday, dealers said. Among minings. Pancontinental gained 40 cents to 11.80. Utah 15 cents to 4.90 and Reniaon 10 cents to 8.50, but Kathleen, Woodaide Burmah, Central Noraeman, North BH and BH South were easier. Among411 words
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Article338 1977-04-23 7 FRANKFURT: Most shares advance strongly on further expectations of interest rate cuts on Thursday, though prices closed off the day's highs following profit-taking, dealers said. In the auto and engineering sector, Mercedes Holding closed 14 marks higher, Daimler nine and KHD six in active trading. In stores Karstadt rose338 words
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Article279 1977-04-23 7 ZURICH: The market closed generally steady in selectively active turnover on Thursday, dealers said. Major banks were neglected and flnanclals mixed OerlikonBuehrle and Interfood lost ground on profit-taking after recent strength. Insurances posted small gains Leading Industrials generally rose, led by actively-traded Ciba-Ueigy, Nestle, Sandoz and Sig. AlutuUae bearer279 words
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Article493 1977-04-23 7 TOKYO: Prices closed lower on profit-taking and liquidations following the gains of the last three days, dealers said on Friday. The Dow Jones average fell 13.75 to close at 5,143.32 with volume 310 million shares. The new Index closed at 382.10, down 1.55. Many shares advanced Initially, extending Thursday's493 words
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Article292 1977-04-23 7 TORONTO: After a morning rally and mid-afternoon weakness, the market closed mixed in moderate trading on Thursday. Northern Telecom gained 1/8 to 32 V The company established a new subsidiary. United Tire and Rubber A rose five cents to C 51.25 after reporting 197« profit compared to a loss.292 words
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Article142 1977-04-23 7 MILAN: Stocks were generally easier in rather thin dealings on Thursday, bourse sources said. Montedison eased about 1.5 per cent, while Fiat, Assicurasioni Generali and Generate Immobiliare firmed marginally against the trend. Pirelli Spa gained ground, while both Olivettis eased APR 21 Lire Anic 269 -I Assoc Gen 3S400142 words
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Article203 1977-04-23 7 BRUSSELS: Most share prices rose strongly In heavier trading on Thursday after the rise on Wall Street, bourse sources said In Belgian stocks, Reaerve, Sitfro, Sofia*, Traction, Asturienne, Hoboken, Unerg, t'CB, Mausanne and Tabacofina all rose while Copeba and Clabecq fell and Vieille Montagne, which announced a lower dividend,203 words
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Article416 1977-04-23 7 HONGKONG: The market rose further on Friday, in fairly active trading mainly on local buying following firm prices for local stocks in London, although prices closed below the day's highs on profittaking. dealers said. The Hang Seng index was up 3.28 points to close at 448.74 points. Hongkong Bank.416 words
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Article183 1977-04-23 7 MANILA: The market closed mixed In dull tradings on Friday. with mining Issues lower and oils and commercials slightly higher, dealers said. The decline in metal prices depressed sentiment, although turnover was up marginally at 1.79 million pesos from Thursday's 1.78 million they said. Gainers included Acoje Mining. Philex183 words
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Article91 1977-04-23 7 APR 22 Bah Is Asia Fibre 175 +5 Bangkok Bank 301 ♦4 Bangkok Invest 180 ♦5 Bangkok-Metro-polilan Bank 2520 Bata 435S BerllJucker 252 12 Charoong Thai Wire 181 unch Dumex Duslt Thanl Fa ber Merlin First Trust Indo-Thai Industrial Finance Corp J And J Ho 235S Jalaprathan Cement 13891 words
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Article71 1977-04-23 7 FINANCIAL TIMES INDUSTRIALS Thursday 418.7 Wednesday 412.5 Week Ago 421 0 DOW JONES AVERAGE INDUSTRIALS Thursday 935 80 Wednesday 942 59 Week Ago 947 00 LONDON DOLLAR PREMIUM Thursday 118"% to 118H Wednesday 117 to 117 V, H.K. HANG SENG Thursday Closed Wednesday 445 46 Week Ago 434.40 SYDNEY71 words
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Page 7 Advertisements
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Advertisement349 1977-04-23 7 Yes, Penguin books are not to be found in any ordinary shop. N Qt n roa d s stalls. Heavens, certainly not in the pasar ma I am! Because Penguin books are rather jninf —W special. They are mind-stimulating, deeply researched, m TS^LTI?, entertaining in a wholesome way, highly educational349 words
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COMMODITY REPORTS AND PRICES
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Article781 1977-04-23 8 IN the Singapore rubber market yesterday, opening quotations were marked up by one cent following higher London advices but the market quickly fell back on some selling, dealers said. Prices later recovered on fresh covering support and May RSS One was traded at 196.00 cents.781 words
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Article30 1977-04-23 8 Rubber: April 22 Singapore: May 195.25 eta. (up 0.50 ct.) Malaysia: May 195.50 cts. (up 0.50 ct.) Tin: $1,460.00 (up $28.00) Official offering: 180 tonnes (down 25 tonnes)30 words
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Article152 1977-04-23 8 THE Straits tin price in Penang yesterday rose $28.00 to $1,460.00 on an official offering down 25 tonnes to 180 tonnes. In LONDON on Thursday afternoon, tin closed with gains of about £27 for Cash and £20 for Three Months in both contracts. The market was well maintained,152 words
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Article116 1977-04-23 8 THE following Palm Oil prices were quoted In London on Thursday. The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated Thursday Prey. Malaysia 5% ffa bulk June/July 662 sir 665 sir Sumatra 5% Apl 665 pd 665 qtd May 670 pd116 words
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Article105 1977-04-23 8 May June RA.8. (Curt •ent Mth) (For* ard Mth) Buyer* Seller. Buyer* Seller. (cast per kg) lent pwkfl SSR20 (1-ton Pallet) 192 SO 193 50N 193.50 194 SON SSR50 (1-ton Pallet) 190 50 191.SON 191 50 192 SON M.R.E.L.B. SMR5CV (1-ton Pallet) 216 SO 218.SON 218.50 220105 words
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Article41 1977-04-23 8 LONDON, Fri. On Thursday afternoon, lead rose mostly £3 per tonne. The lower levels attracted moderate covering Interest, encouraged by the rally In copper, dealers said. Three Months traded from £374 up to £379 per tonne. Sales were 1550 tonnes.41 words
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Article34 1977-04-23 8 LONDON, Fri. On Thursday afternoon, zinc closed with losses of £0.50 for Cash and £1.75 for Three Months. This metal was subdued while holding around end morning levels Sales were only 200 tonnes.34 words
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Article302 1977-04-23 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk $110 sellers, old drum $115 sellers, new drum $120 sellers. Copra: Mixed (loose) UK/Cont. $71 buyers. Pepper Muntok ASTA white f o b. 100% NLW $400 sellers. Sarawak white f ob 96% NLW $381 sellers,302 words
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Article364 1977-04-23 8 IN the Singapore gold market yesterday, the kllobar changed hands in the range of S$U,BBO to 5511,910. Volume was moderate. The loco London gold opened at U*****.00/ 149.40 and closed at U*****.20/ 149.60. The London morning fix was U*****.60 up $1.50 on the previous fix. Source: Singmas The Singapore364 words
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Article168 1977-04-23 8 LONDON, Frl. On Thursday afternoon, silver rose by 0.9 to 2.2 pence per troy ounce. The firmer tendency at New York encouraged fresh buying and covering activity which took Three Months up to 287.5 pence per troy ounce before profittaking pared the advance. Sales were 64 lots. in NEW168 words
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Article217 1977-04-23 8 BANGKOK. Frl. Indicative prices quoted for rice are: US dollars per tonne fob basts Bangkok White Rice: 100 per cent Ist class 286 100 per cent 2nd 269 100 per cent 3rd 264 5 per cent 254 10 per cent 233 15 per cent 230 20 per cent 227217 words
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Article274 1977-04-23 8 LONDON. Frl. On Thursday afternoon, copper wirebars on the day fell by £5.50 for Cash and £7.50 for Three Months. The market staged a rally which partly recouped earlier losses on shortcovering which was prompted by the tone In US futures. Dealers said. Three Months traded from £817 up274 words
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Article94 1977-04-23 8 CHICAGO, Thurs. Wheat futures closed at or just above the day's lows, with losses of 2*i to two cents a bushel. Selling was generated by the continued improvement in winter wheat crop prospects because of the rains across the central US and easiness in Gulf cash bids as exporter94 words
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471 1977-04-23 8 SINCE our last report a fortnight ago, Interrupted by the long Easter recess. May 1 R.S.S. has lost some seven cents on balance, bringing the market back to the current month low point of the previous period, says Holiday, Cutlet A Bath471 words
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Article252 1977-04-23 8 LONDON, Frl. Prices closed the morning £53 to £72 up from last night. Volume was 1,333 lots and the tone officially "steady". July extended an opening gain to close £60 up at £3,917 having touched a high of £3,920 Dealers said the market's recovery was In reaction to the252 words
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Article299 1977-04-23 8 LONDON, Frl. Terminal opened £4.20 to £3.50 stg up from yesterday afternoon. Sales totalled 1,146 lots. Dealers said strength In New York which was attributed to a US proposal at the Geneva Sugar Conference for a four million tonne stock-pile to back a new sugar agreement. attracted some follow299 words
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MONEY AND EXCHANGES
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Article497 1977-04-23 8 THE yen dominated trading in the forex market yesterday. It brought some life to the otherwise lethargic market. The yen was traded actively in the morning, this time with the US dollar making splendid recovery from the opening of 276.60 yen In Tokyo to 277.20 at close in Singapore.497 words
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Article183 1977-04-23 8 Asian rates ASIAN currency deposit Interbank rates as at cloa e on April 22 U8 Dollar* (Spot) Offer Bid 7 days -.4 7/8 4 3/4 1 mth 15/16 4 13/16 2 mths ..5 1/16 4 15/16 3 mths ..5 3/16 5 1/16 6 mths ..5 1/2 5 3/8 9 mths183 words
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Article51 1977-04-23 8 RANGE of prices offered by discount houses on April 22 Overnight 2 to 3* Call deposit 3% Timing Buy Selling 3-month Treasury bills 3 2 7/8 3-Month Bank bills 4 1/16 3 15/16 3-Month CD 4 3/8 4 1/4 6-Month CD 4 1/2 4 3/8 Source: National Discount Co51 words
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Article161 1977-04-23 8 Euro rates LONDON, Frl. Eurodollar deposits opened basically steady and, although they showed little change In early trading, a slightly harder undertone was noted in places. Recent quiet conditions continued, dealers said. One and Two Months edged 1/16 higher from openings reflecting the approach of the month end, and attendant161 words
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Article50 1977-04-23 8 RESULTS of tender held on April 22 for 01-day Treasury bills to be Issued from April 25 to April 29. Offered: $20 million Applied for: $64 million Allotted: $20 million Accepted bid: $99.26 approximately 32%; higher bids in full. Average rate of discount on allotment: 2.960% pa.50 words
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Article281 1977-04-23 8 LONDON, Frl. Shortterm British Interest rates continued to decline, amid gathering speculation in money and exchange markets here the Bank of England's minimum lending rate could be cut today from its current nine per cent dealers said. Sterling dipped to $1.7189/92 from $1.7192/95 overnight in opening trading. In money281 words
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Article201 1977-04-23 8 NEW YORK. Thurs. The dollar closed weaker against most currencies than overnight although above opening lows as the market assessed President Carter's energy programme presented to Congress last night, dealers said. Trading, however, was very quiet for most of the session with little immediate reaction to either the201 words
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Article129 1977-04-23 8 TOKYO, Frt. The US dollar for overnight delivery closed at a day's high of 277.45 yen, against 276.60 at the opening and 277.00 at yesterday's close, as banks bought dollars to cover early import settlement needs for next week, dealers said. The US currency firmed towards the close after129 words
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Article131 1977-04-23 8 HONGKONG. Frl. The US dollar firmed against the Hongkong dollar and yen in fairly quiet trading, dealers said. The US unit rose to a late HK54.6490/10 from Wednesday's late $4.6460/80 before yesterday's Queen's Birthday holiday, aided by continued low local Interest rates, they said. It firmed to 277.35/45 yen,131 words
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Article62 1977-04-23 8 Minimum lending rates (in A CBC fi 1 Algemene Bank 8% Citibank 6*4 Bangkok Bank 7 HSBC 7 Bank of America 6*4 Indosuez 6*4 Bank of China 7 Malayan Bailing 6*4 Bank of Tokyo 6*4 Mitsui Bank 6 j 4 Bank Negara OCBC 6 J 4 Indonesia 7 OUB 6*462 words
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Article52 1977-04-23 8 AUSTRALIA/NZ exchanges quoted on April 22 Australia. Sterling 0.6458/ 0.6387 US dlr 1.1066/ 1.1018 Ninety-day air mall buying rates: Sterling 0 6658 US dlrs 1.1319 Ninety-day forward buying rates: Sterling 0.6455 US dlrs 1.0951 New Zealand: Sterling 0.5595/0.5563 US dlr 0.9665/ 0.9565 Ninety-day forward rate: Sterling 0.5814 y US52 words
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Article44 1977-04-23 8 ZURICH exchanges closing quotes on April 21 TJS 2.5217-5225 UK 4.3345-3375 CAN 2.4005-4025 W. Germ 106.29-37 Neth 102.01-09 France 50.84-87 Belg 6 94V 2 -95V4 Denm 42.15-18 Norw 47.82-85 Swed 58.02-05 Italy 0.2844-2847 Austria 14.96-98 Port 6.50-52 Spain 3.67'/«-67*4 Arg 0.70-85 Japan 0.91-91%44 words
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Article34 1977-04-23 8 FRANKFURT exchanges opening quotes on April 22 US not available Can 2.2590/ 2610 UK 4.07/08 Neth 95.85/95 Swltz 94.00/10 Italy 2.66+/680 France 47.74/85 Norw 44.92/45.00 Belg com 6.53/54 Belg fin 6.50/52 Japan 0.8545/6034 words
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Article323 1977-04-23 8 LONDON, Fri. Straight Eurobonds traded mixed with US and Canadian issues a shade easier. Convertible bonds were slightly easier in places and quiet among both US and Japanese Issues. LONDON Eurobond prices quoted on April 22 Straight! Bid Oflfcr Austria 8% 90 101*. 102 Bell Canada 8% 86323 words
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Advertisement208 1977-04-23 8 Bu SINGAPORE iness COMMUNICATIONS I nderlining an urgent need: While the Telecommunications Authority of Singapore is busily expanding services to link up with the world, the quality of domestic service still needs improvement. Crossing over to computers: Telecoms is employing computercontrolled equipment to meet increasing demand and usage of facilities.208 words
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TRANSPORT AND COMMUNICATIONS
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766 1977-04-23 9 SINGAPORE telephone subscriber* have been complaining about being overcharged for STD calls. Their problems are nothing when compared to the harrowing time their counterparts in Argentina go through in the installation of a phone. Reuter BUENOS AIRES. Frl. The Argentines have a saying: 'There'sReuter - 766 words
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263 1977-04-23 9 AP CHICAGO. Frl. Alcohol is a possible but not yet practical substitute for automobile fuel, says a US Government energy official. The technical problems In the use of such a substitute might be overcome. But alcohol costs three to four times asAP - 263 words
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Article51 1977-04-23 9 Ben Line has promoted Captain Stanley Walker from Senior Chief Officer to Master in Its fleet. Captain Walker, who has been with the company for 26 years, assumed his first command, the container ship "Benrlnnes" last week. The ship will sail weekly between Hongkong and51 words
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Article121 1977-04-23 9 UPI WASHINGTON, Frl. The Voice of America and Radio Free Europe-Radio Liberty asked Congress yesterday for a total of US$6.l million (5514.9 million) In budget Increases to Improve transmission of uncensored news broadcasts Into communist countries. Mr. Jehn Relnhardt, Director of the US Information Agency, urgedUPI - 121 words
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Article, Illustration435 1977-04-23 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bahama Nlaru (after Bunga Seroja Sails) 35/36 Bunga Bindang (1500 after Hosei Maru) 19 Bunga Seroja (0530 hauls after Herta Maersk) <TVL) 37/38 Cerro Grande (3ERA) Cerro Grande (3ERS) (0700 after Seawood Endeavour) 40/41 Cherry Vilja (B. Barge) (2000 tbc) 48 Chidambaram (0900435 words
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Article, Illustration77 1977-04-23 9 THE US Air Force's YC-1418 stretched Starlifter above taking off from Dobbins Air Force Base. Marietta. Georgia on its first flight. The huge Lockheed-Georgia-built airfreighter seven metres longer than the famed C-141 Star Lifter now has an increased productivity potential of from 33 per cent77 words
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Article, Illustration562 1977-04-23 9 UPI PITTSBURGH, Frl. Volkswagen, trailing in fourth place In car Imports to the United States and behind Japan's Honda, is gearing up to take back some of the American foreign car market It once totally dominated. The West GermanUPI - 562 words
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Article155 1977-04-23 9 Reuter WASHINGTON. Frl. The. US Civil Aeronautics Board yesterday approved an agreement changing the baggage limits on International flights from weight to length. The agreement was reached among members of the International Air Transport Association, made up of almost all the International airlines. ItReuter - 155 words
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Article188 1977-04-23 9 LONDON, Frl. North American grain acquired a more prominent position as numerous fixtures were arranged to Japan and South Korea yesterday. US Oulf grain fixing included several to Japan at varying rates. For Instance, the "Oaranla" received $9.78 (FIO) in April-May position, while tne "Wilyama" took a188 words
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Article579 1977-04-23 9 ARRIVALS Service Loco! 1 Operator Number Time From 1 CAL CI333 0040 TPE/HKQ/KUL CPA CX003 0145 HKG MAS MH682 0810 KCH CPA CX710 1000 HLP CAL CI814 1000 HLP SIA SQ211 1015 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK GIA GA908 1100 MES PAL PR501579 words
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Page 9 Advertisements
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Advertisement177 1977-04-23 9 GAMBLERS HANDBOOK s p\ *sj* 4 7 '#> fc? tb> ip by E. Lenox Figgis F.C.A. A practical handbook explaining how batting takee placa on tha world's moat popular batting pastimes, Including horaaa, dogs, football pooia, sporting events, casino gamas, such as crepe, roulatta, ate., sweepstakes, lottariaa, •(actions, card gamaa,177 words
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1083 1977-04-23 10 REY PINDAWIN - By REY PINDAWIN Depthnews DESPITE copper's lacklustre performance In the world market, the Philippine mining Industry has been displaying some kind of bullishness that may push copper back on top of the nation's foreign exchange earners and give life toDepthnews - 1,083 words
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Article, Illustration1476 1977-04-23 10 V.K. CHIN - The new Malaysian deputy ministers By V.K. CHIN THE appointment of new deputy ministers and parliamentary secretaries, announced by Prime Minister Datuk Hussein Onn last Thursday, was merely an expansion of the government members and not a Cabinet reshuffle as such. The 22-member Cabinet was untouched1,476 words
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Article1859 1977-04-23 10 SUE CAMERON - By SUE CAMERON FT THE Japanese are planning a computer automated machine tool factory that will employ only a dozen people Instead of the 700 or 800 who would be needed in a conventional plant with similar production capacity. The project is being financed byFT - 1,859 words
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Page 10 Advertisements
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Advertisement61 1977-04-23 10 -k x v -.'•"""'J:'v-'S- -x N Us s -K v t|>^S fr Peter Benchley 'Better than JAWS, ever escalating shocks' -TIME bracking entertainment* -DAILY TELEGRAPH M. X rf V Tor the second time -the book you can't put down' 'DAILY HAIL Now on Sale at your regular bookshop Distributed by:61 words
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417 1977-04-23 11 UPI Reuter TOKYO, Frl. Australia Is expected to reveal next Wednesday how much it will be ready to lower prices of sugar it exports to Japan, importers said today. They said representatives of Australia's Colonial Refining Co. made known their intention duringUPI; Reuter - 417 words
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Article198 1977-04-23 11 Reuter CANBERRA, Frl. Australia will examine the practicability of a suggested common fund to finance the stockpiling of commodities In. the tnterest ot price stabilisation throughout the world. Deputy Prime Minister Doug Anthony said. In a statement released In Canberra after talks with the secretary generalReuter - 198 words
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418 1977-04-23 11 UPI TOKYO. Fri. Dow Chemical Corp. is confident about the future of South Korea, where it is Investing US$l25 million (*****.5 million) In a new plant for the manufacture of chlorine, caustic soda and other products, the firm's president said today. "We haveUPI - 418 words
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Article383 1977-04-23 11 LOCAL food manufacturers will not be affected by the reported imposition of import quota by Japan on canned curry containing beef, chicken and mutton. According to them, very little business is done with Japan as fa- "s these spicy delicacies ar*. ncerned. Yeo Hlap383 words
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601 1977-04-23 11 Reuter TOKYO, Frl. —In line with market trend, long-term Interest rates In Japan are expected to be cut by large margins In the near future following the one percentage point reduction In bank rate earlier this week, securities sources said. Finance Ministry officials saidReuter - 601 words
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Article488 1977-04-23 11 WASHINGTON, Frl. Japan's economic outlook for the remainder of 1977 Is for continued growth at a moderate rate, the US Department of Commerce said yesterday. The department said that during the latter half of 1976 the Japanese economy paused in Its recovery from the 1974-75 recession.488 words
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207 1977-04-23 11 Reuter MANILA, Fri. The Philippine Government's budget deficit rose to 614.99 million pesos (Ss2os million) In March from 370.22 million in February, Treasury Bureau figures show. The first quarter deficit was 828.25 million pesos, but the Bureau gave no comparative figures for last year.Reuter - 207 words
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Article37 1977-04-23 11 AP BANGKOK, Fri. Cambodia will purchase 10,000 tonnes of rolled steel from Japan in what is believed to be the first transaction between the two countries in almost two years, the Bank of America reports.AP - 37 words
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Article95 1977-04-23 11 Reuter TOKYO, Fri. Chances are about 50/i,O that the Japanese Seamen's Union will strike from noon on Saturday, a union spokesman said. The Japanese Shipowners Association said the union accepted the association's proposal to resume talks this evening in an effort to reach agreement before the strikeReuter - 95 words
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451 1977-04-23 11 AP Reuter WASHINGTON, Fri..-The United States Department of Commerce predicted yesterday that 1977 should be a satisfactory year for Taiwan's economy, even if its growth rate does not equal that In 1976. The Department said that "while Taiwan's recovery from the 1974-75 recession was ImpressiveAP; Reuter - 451 words
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Article256 1977-04-23 11 Uranium for all MIM chief UPI SYDNEY, Fri. Australia has an obligation to make its uranium available to the world, the chairman of Mount Isa Mines Holdings, Sir James Foots said yesterday. Addressing a meeting of the Sydney branch of the Australasian Institute of Mining and Metallurgy, Sir James saidUPI - 256 words
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Article123 1977-04-23 11 AP WASHINGTON, Fri. Food assistance must be accompanied by measures to increase the buying power of the poor or else the assistance will not be available to the persons needing it most, a conference on world hunger and US policies was told yesterday. "If food aid IsAP - 123 words
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Article381 1977-04-23 11 UPI TOKYO, Frl. Philippines President Marcos arrives in Japan for his second state visit on Monday, for extensive talks with Japanese leaders on the growing economic relationship between the two countries. Mr. Marcos will be accompanied by his wife Imelda, and their daughters Maria Imelda and Irene.UPI - 381 words
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Article126 1977-04-23 11 UPI TOKYO, Frl. The 12th international trade fair opened today, featuring a wide variety of new industrial products and folkcraft from 40 nations. The 10-day fair at Tokyo's Haruml fairgrounds got under way in ceremonies attended by Governor Ryokichi Mlnobe and Troadlo Quiazon Jr., Philippine SecretaryUPI - 126 words
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Article, Illustration458 1977-04-23 11 A LEADING property agent and valuer has predicted a further decline In Singapore's residential property market, and advised developers to switch to building smaller one bed-room-plus-study units to enloy better demand. C.H. Williams, In a report on the property market in South-East458 words
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Advertisement417 1977-04-23 11 APPOINTMENTS PERSONNEL MANAGER The Company is Singapore-based and it manufactures a line of diesel powered heavy displacement pleasure cruisers. It is looking for a career-orientated, resourceful and hardworking man to join its management team. The successful candidate will report to the General Manager of the Company. The Job: 1. Responsible417 words
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Advertisement379 1977-04-23 11 SENIOR APPOINTMENTS Logging Company with extensive concession in East Kalimantan, Indonesia has immediate vacancies for:(1) Internal Auditor Will be directly responsible to the Managing Director and report to him. He will be based in Singapore office but will be required to visit the Company's overseas offices and logging camps spending379 words
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ADB MEETING IN MANILA
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530 1977-04-23 12 Reuter UPI MANILA. Frl The United States today pledged to play a strong economic role In Asia while also advocating the advancement of human rights among nations in the area. Deputy assistant treasury secretary Arnold Nachmanoff, in a policy statementReuter; UPI - 530 words
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232 1977-04-23 12 MALAYSIA called on the ADB to give more attention to helping projects that provide social uplift, such as urban development and education. It also Joined several other countries in telling the bank of the need to use more of the goods and232 words
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Article457 1977-04-23 12 Reuter SEVERAL delegates called for a resumption of the flow of loan money to Vietnam. Mr. Erich Schmld, Austrian ambassador to the Philippines and Austrian alternate ADB director, disclosed that the Hanoi Government had paid ud out standing servicing payments on loans receivedReuter - 457 words
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312 1977-04-23 12 Agencies INDIA expresad the hope that China would soon take part in the operations of the ADB. Thii was the first reference to the "China problem". China is not a member of the bank, hut Taiwan seated as the Republic of China, is aAgencies - 312 words
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433 1977-04-23 12 THE admission of the newly-reunified Vietnam to the ADB appeared to have focussed attention on the possible need to reorganise tl.e Institution's board of directors and perhaps expand it to give more equitable geographical representation, informed sources said. Several member countries at today's433 words
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Article401 1977-04-23 12 MALAYSIA'S offer to allow the Far East Freight Conference to carry at least 70 per cent of Peninsular Malaysia's dry rubber shipments to Europe falls short of member lines expectations. This was stated by Mr. Keith Reynolds, chairman of the FEFC rubber commute. yesterday at401 words
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Article248 1977-04-23 12 HEARING on a bankruptcy petition against businessman Eddie Lien Kok Wah over an unpaid debt of $144,243 was postponed by the High Court yesterday. The postponement was to allow an affidavit to be filed for an on behalf on Lien's creditors. American Express International Banking Corporation.248 words
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482 1977-04-23 12 THE Wllh. Wllhelmsen shipping group of Norway may order more vessels from Singapore in the future, depending on the competitiveness of Singapore's yards. This was stated by Mr. WUheim Wllhelmsen, a partner In WW, yesterday in an interview with Business Times. He482 words
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Article256 1977-04-23 12 Reuter BANGKOK, Frl. Vietnam said today It Is ready to rejoin the International effort to develop the Mekong river project for hydro-electric power and Irrigation, a project which has been suspended for five years. "We are ready to cooperate with the Mekong committee In theReuter - 256 words
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372 1977-04-23 12 KUALA LUMPUR, Frl. Malaysia has asked for resumption of talks to renegotiate Its long term sugar contract with the Queensland Sugar Board which broke down earlier in the year. This was conveyed by Trade and Industry Minister Datuk Hamzah Abu Samah372 words
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290 1977-04-23 12 THERE should be Joint efforts by the tourist promotion bodies of the ten countries under the Pacific Area Travel Association (PATA) East Asia group to get a bigger share of the expanding world tourist market, estimated at US$lOO billion (SS2SO billion) In 1987.290 words
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Article796 1977-04-23 12 LONDON, Frl. Government bonds rose by up to S point on hopes of a reduction In the Bank of England minimum lending rate. There was some profittaking after the point cut In the rate, leaving net rises of around H. dealers said Equities were off the top on796 words
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223 1977-04-23 12 TRADE with Vietnam can now be transacted in International currencies other than the Russian rouble. Indications of this was given by officials of the Vietnamese Bank of Foreign Trade to a recent Singapore delegation to the country. The official said that trade can223 words
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106 1977-04-23 12 OIL companies In Singapore are generally unhappy over the retail oil price Increase as they feel It Is Insufficient to cover extra costs of crude and operational expenses. They said the Increase one cent for petrol and kerosene and slightly more than half a106 words
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Article133 1977-04-23 12 THE United Overseas Bank group becomes the first local commercial bank to computerise Its savings account system when Its $5.5 million computer bejglns operating on Monday. Initially, the 'on-line' saving account facilities will be largely confined to the group's customers at Its Bonham Street head office. However,133 words
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Advertisement310 1977-04-23 12 xt. A pioneer that created a legend Established nearly half a century ago by Mr C K Tang the House of Tang had its humble beginnings in a little shop house selling curios From those days, his objectives were already clearly defined to maximise the shoppers' pleasure through quality merchandise310 words
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