The Business Times, 29 January 1977

Microfilm: NL8986
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, JANUARY 29, 1977 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Sharp bank rate cut
      68 1 Reuter LONDON, Frl. The Bank of England tcxlay cut its base lending rate by a whole point to 12.25 per cent, underscoring a new mood of optimism about Britain's economic prospects. The rate, which sets a lead for British Interest charges, has been cut by stages
      Reuter  -  68 words
    • Article
      Genting's cash offer
      107 1 W LONDON, Frl. Gen ting Highlands announced today that It Is making a cash offer for all outstanding shares in Golden Hope, at 96 pence per share. Gentlng and its associates already hold 22.4 per cent of Golden Hope. If the bid Is successful, Gentlng will Invite
      107 words
    • Article
      Lock icon Buy Philippine order
      65 1 Reuter MANILA, Fri. President Marcos today ordered government bureaus, offices, agencies and government-owned or controlled corporations to buy Philippine products where possible to boost local industry. The President, In a letter of instruction, said exceptions would be subject to guidelines, rules and regulations from the Department of
      Reuter  -  65 words
    • Article
      Lock icon Japan aid for B'desh
      46 1 UPI TOKYO, Fri. Japan has agreed to grant 924 million yen (557.7 million) worth of agricultural equipment in aid to Bangladesh, the Foreign Ministry announced today. The announcement said Japan will pay 123.2 million yen for the transportation of the equiDment. UPI
      UPI  -  46 words
    • Article
      Lock icon New outburst in Spain
      40 1 Reuter MADRID, Fri. The Spanish Cabinet was called to an emergency session today following a new outburst of political violence In which a police source said two policemen and two paramilitary civil guards were killed. Reuter.
      Reuter  -  40 words
    • Article
      Lock icon To protect capital
      49 1 UPI TOKYO, Fri. Japan and Egypt signed here today an agreement designed to protect and encourage private capital investments in each other's country, the Foreign Ministry reported. The Ministry said the 10-year agreement is the first of Its kind between Japan and any other nation. UPI
      UPI  -  49 words
    • Article
      Trade teams here
      44 1 TWO British trade missions arrive here today for an eight-day visit. The products represented by the teams will range from picture frame mouldings and new printing equipment (Luton and Dunstable) to precision engineering equipment and special hospital beds (Dundee and Tayslde).
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    • Article
      Lock icon Dow Jones
      44 1 UPI NEW YORK, Fri. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 955.20, up 0.66; 20 transp 227.11, down 1.62; 15 utlls 110.84, down 0.10; 65 stocks 313.90, down 0.49. UPI
      UPI  -  44 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      185 1 TRADING turned very steady at the Stock Exchange of Singapore yesterday, with most shares recovering their losses of the previous two or three days. The last hour was particularly strong with buyers out in numbers. Reflecting the buoyant trend, the Business Times index jumped 7.98 points to
      185 words
    • Article
      In Kuala Lumpur
      111 1 Rites Most active O.C.B.C. $7.85 .20 Haw Par 222,000 Sel. Dredge $4.72 +.18 Central Sugars 132,000 Slme Darby D.B.ST $3.42 +.16 Pan Electric 118,000 $4.02 +.16 Slme Darbv mi rwi S. Trading *5.70 M Banking $6.20 M. Flour $2.74 Car Is berg $3.58 Oentlngs $3.20 U.O. Bank
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  • Article, Illustration
    SES announces the options prices
    1206 1  -  WITH ONLY ONE MARKET DAY TO GO »r ANTHONY ROWLEY THE Stock Exchange of Singapore last night announced the exercise or "striking" prices at which the first series of options will be available to Investors, when the pilot scheme in option trading begins on the
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  • Article, Illustration
    The outstanding four...
    532 1 THREE prominent businessmen and a top civil servant received the Meritorious Service Medal from President Sheares last night at the Investiture of the 1976 National Day awards. Heading the list was Mr. Michael Fam Yue Onn, chairman of Haw Par Brothers International and Hume Industries (Far East),
    532 words
  • Article
    LONDON SUMMIT IN MAY?
    160 1 LONDON, Fri. An economic summit meeting and a Nat© beads of government session are expected to be held in London in May, diplomatic sources said toThey said the 15-nation Atlantic defence alliance's annual Foreign Ministers spring session in London in May could be raised to summit
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  • Article
    Lock icon Plan to restore Opec price unity
    180 1 Reuter KUWAIT, Fri. The newspapers Al-Anbaa and AlWatan said the chairman of the Organisation of Petroleum Exporting Countries, Abdul-Aziz bin Khalifa AIThani of Qatar, has proposed the majority of Opec abandon the five per cent oil price increase, scheduled for July, while Saudi Arabia
    Reuter  -  180 words
  • Article
    EXHIBITION MACHINE TOOLS SOLD OUT
    129 1 ALL the machine tools on show at the Indian Engineering Exhibition, which opened at the National Stadium on Wednesday, have been sold, according to Mr. T.A. Pal, Indian Minister of Industry who opened the exhibition. Before leaving for Kuala Lumpur yesterday after a four-day visit,
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  • Article
    KL will hold more joint operations with Thailand
    397 1 KUALA LUMPUR, Frl. Malaysia and Thailand will have more Joint military operations against the communist terrorists to break their sanctuaries and keep them on the run, Home Affairs Minister Tan Sri Ghazali Shafle said today. The current operation "Daoyal-Musnah" (Big Star) which
    397 words
  • Article
    Lock icon Indonesia orders bribery report
    181 1 UPI JAKARTA, Fri. Communications Minister Emil S&lim ordered a full report on the development of Indonesia's communications satellite project, after reports of multlmllllon dollar kickbacks received by officials in his department, Ministry officials said today. Mr. Salim, In an earlier statement, had said it was his
    UPI  -  181 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      42 1 )&/!}(}>~,$]~+@|}=[)$=%[}?~&`[` SEE PAGE 2 Commodities Transport A Communications Features Local A Overseas Local A Overseas news Market reviews/ TV A Radio p 2 Overseas news/ Features P 3 Local A International Co news P 5 Local stocks P 6 Overseas stocks P 7
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    • Advertisement
      Page 1 Advertisements Column 2
      60 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 Eastern Watch Co. OFFICIALLY APPOINTED DEALER 285 South Bridge Road. Tel *****/***** Ground floor, Peninsula Shopping Centre, Coleman Street. Tel *****9 Ground floor,
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      Page 1 Advertisements Column 3
      5 1 SEE PAGES 2 AND 12
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    • Advertisement
      Page 1 Advertisements Column 4
      178 1 THE PERFECT NVESTMENT 3008-4 j/<sy H£ AT X EXCHANGERS (INDUSTRIAL AND PROCESS) MADE IN SINGAPORE Computer Designed per HTRI programs with many years experience in all phases of Heat transfer. Also members of H.T.F.S. (HARWELL, U.K.) Shell and Tube exchangers for petroleum, chemical, power or marine applications. We do both
      178 words
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      Page 1 Advertisements Column 5
      3 1 SEE PAGE 11
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  • MARKET REVIEW
    • Article
      A turn for the better
      568 2 KUALA LUMPUR AFTER four days of dull and easier trading, the Kuala Lumpur Stock Exchange took a turn for the better yesterday, bringing the week to a firm close. The gains yesterday were enough to recover most of the losses of the previous four days.
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    • Article
      Company news for the week ended Jan 28
      293 2  -  Compiled by RONALD LAM OTHER ANNOUNCEMENTS Adhesive Tape Incorporated (M) is to change its name to Loytape Bhd. Jack Chia-MPH has acquired two HK$l shares at par in Artamus (Hongkong). The subsidiary will undertake the general trading in and from Hongkong, including
      293 words
    • Article
      ONWARD, EVER ONWARD!
      1244 2  -  LONDON By IVAN FALLON THE boom on the London Stock Exchange continued again this week after a short pause. The outlook for the equity market remained decidedly bullish. The cry Is now: "Onward, ever onward!" Not even near-hurrlcane force winds which shook, rattled and rolled through The
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    • Article
      Eleventh hour rally
      637 2 SINGAPORE THE Singapore stock market yesterday staged a strong eleventh hour rally which restored all the losses recorded in the previous four trading days. On balance, the market finished the week with small gains In most of the pacesetters. Apparently speculators and investors were buying into the
      637 words
    • Article
      Lock icon Western airlines not buying the airbuses
      318 2 UPI LOS ANGELES. Frt. Western airlines yesterday decided against the purchase of manufactured by France, West Germany and Spain in favour of a purchase of seven aircraft from two American firms. A spokesman announced the airlines would purchase two DClOs Trljets from McDonnel Douglas
      UPI  -  318 words
    • Article
      Positive response from foreign investors: Razaleigh
      242 2 KUALA LUMPUR, Fri. Finance Minister Tengku Razaleigh said last night there had been "positive response" from foreign investors to the visits which he and his Cabinet colleagues had made abroad to tell them of the good economic climate in this country. He was speaking
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    • Article
      Lock icon Sweden may seek loan in Euromart
      106 2 Reuter NEW YORK, Fri. Sweden Is expected to tap the Euromarket In the next few weeks In the first stage of an expected US$2 billion (554.9 billion) to S3 billion of credits It will seek this year, well-placed bankers here said. The funds are
      Reuter  -  106 words
    • Article
      Lock icon World Bank loan
      50 2 AP WASHINGTON, Frl. The World Bank announced yesterday that it is lending South Korea US$95 million (***** million) to help Implement an irrigation project. The Bank said South Korea's efforts to increase food gain production through irrigation and land development will be assisted by the loan. AP.
      AP  -  50 words
    • Article
      Lock icon Callaghan fears 1978 may be the worst yet
      476 2 UPI LONDON, Frl. British Prime Minister James Callaghan and US Vice President Walter Mondale concluded five hours of talks yesterday, with Mr. Callaghan agreeing to come to the United States in March to discuss how bad the world economy picture may look
      UPI  -  476 words
    • Article
      Lock icon Special deposit rate cut from Monday
      285 2 Reuter LONDON, Fri. The Bank of England has cut the rate of special deposits from the banking system to two per cent from three per cent with effect from Monday, injecting about £360 million (SSI.S billion) into the banking system. It said this sum
      Reuter  -  285 words
    • Article
      Lock icon Japan price index up
      104 2 Reuter TOKYO. Fri. Japan's December consumer price index rose 1.1 per cent to an unadjusted 113.6 (base 1975), following a 0.3 per cent gainin NTOVEMBER. THE Prime Minister's Office said. The year-on-year rise was up to 10.4 per cent from 8.8 per cent in Noiember. The
      Reuter  -  104 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      507 2 Business Management in Penguins THE DEBT TRAP £t% HOW TO SURVIVE THE SLUMP A Cmj*V tc t**« Ccooom* C'*M# a#w Bannock CONSUMER PRODUCT DEVELOPMENT DEVELOPMENT R< OERICK VVHiri. The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      42 2 WEATHER report for 24 hours prior to 7.30 p.m. on Jan 28 at Singapore airport: Maximum temperature 31.5° C Associated humidity Minimum temperature Associated humidity Hours of sunshine Rainfall in millimetres Total rainfall for the month Total rainy days for the month
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      322 2 Nil TV SINGAPORE 5 12.55 P.M. Opening Announcements followed by Sesame Street 1.55 Saturday Matinee "Fingerman" Starring: Frank Lovejoy, Forrest Tucker, Peggie Castle 3.15 Musicanada 4.05 Malaysia Cup Football Match (Preliminary Round) Singapore vs Malaysian Armed Forces" (English) (r) 0 5.05 Sandiwara a Malay drama entitled "Debaran" (r) 5.40 Joe
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  • OVERSEAS
    • Article
      Lock icon Italian Cabinet meet on austerity controls postponed
      223 3 Reuter ROME, Frl. A Cabinet meeting scheduled for today to decide on new austerity controls for Italy's economy has been postponed until early next week. The postponement Is for evaluation of an agreement to reduce labour costs signed yesterday by labour and employers
      Reuter  -  223 words
    • Article
      Lock icon Drop in public spending plan
      171 3 Reuter LONDON, Frl. British Government plans for public sector spending in the next two financial years show a small decline compared with estimates for this year which themselves indicate only a very small increase over 1975/76. In a White Paper which takes account of the
      Reuter  -  171 words
    • Article, Illustration
      Lock icon A state of emergency in three US states
      511 3 FUEL SHORTAGE IN THE FACE OF AN EXPECTED COLDEST WEEKEND NEW YORK, Fri. UPI NEW YORK, New Jersey and Ohio declared energy emergencies last night because of shortages of natural gas In the face of what Is expected to be one of
      UPI  -  511 words
    • Article
      Lock icon Silver consumption up seven pc
      423 3 AP NEW YORK, Frl Silver consumption In noncommunist nations rose seven per cent from 1975 to 1976, a leading metals refiner reported yesterday. Handy and Harman, In its annual review of the world silver market, said over-all consumption reached 422 million troy ounces, while industrial
      AP  -  423 words
    • Article
      Lock icon Bank sees recovery
      59 3 Reuter MELBOURNE, Fri. National Bank of Australasia Ltd chairman Sir James Forrest said that given a continuation of sound economic management and sufficient enterprise, economic recovery for Australia Is In sight. He told the bank's annual meeting that recent government restrictions on overseas funds will inevitably place
      Reuter  -  59 words
    • Article
      Lock icon Nuclear deal: Israeli firm says 'no' to Canada
      251 3 AP OTTAWA, Frl. An Israeli firm which received more than US$l5 million In fees for the sale of a Canadian nuclear reactor to South Korea has refused to open its books to a Canadian Government Investigation into the deal. In a letter
      AP  -  251 words
    • Article
      Lock icon France warns
      36 3 Reuter PARIS, Frl. Prance has warned Japan that the European Common Market partners will take reprisals If the Japanese fall to accept a shipbuilding market sharing arrangement, French Transport Minister Marcel CavalUe said today.
      Reuter  -  36 words
    • Article
      Lock icon New York business leaders want the Concorde
      255 3 AP NEW YORK, Fri. Business and labour leaders said yesterday New York City needs the Concorde supersonic aircraft and urged the Port Authority to allow the controversial plane to land at Kennedy Airport. They said the SST's economic benefits to the city and
      AP  -  255 words
    • Article
      Lock icon Inspection system for cars eases
      104 3 Reuter TOKYO, Fri. Japan has Informed the European Economic Community (EEC) It will simplify Its type certification system for foreign passenger cars to be sold In Japan, the Transport Ministry said. The ministry said the measure is being taken in compliance with a strong complaint
      Reuter  -  104 words
    • Article
      Lock icon East African Airways to study its future
      329 3 UPI NAIROBI, Frl. Financially-troubled East African Airways has undertaken a study of Its future following the suspension yesterday of the bulk of its flights because of soaring debts. Airline officials said the study could lead to the Dreakup of the airline operated Jointly
      UPI  -  329 words
    • Article
      Lock icon Giscard's task for France
      170 3 Reuter BONN, Frl. French President Valery Glscard d'Estalng said In an Interview published today that he had set himself the task of making France economically as strong as West Germany by 1980. He told the West German conservative newspaper Die Welt that relations between the two
      Reuter  -  170 words
    • Article
      Lock icon Syria closes two Lebanese ports
      177 3 Reuter BEIRUT, Frl. Arab League peacekeeping troops yesterday closed to imports the docks at Jounleh and Jlyeh ports which played an Important role on opposite sides of Lebanon's 19month civil war. Jounleh, north of Beirut, was the main port of the rlghtwlng Christians. Jlyeh, a
      Reuter  -  177 words
    • Article
      Lock icon UK fight against inflation bleak
      189 3 UPI LONDON, Frl. The governments' fight against Inflation seems to be bleak, according to a warning from the Price Commission yesterday. The commission said Inflation could soar to 19 per cent this year before It shows signs of falling. Latest government figures show Inflation is
      UPI  -  189 words
    • Article, Illustration
      Lock icon Japan enters a new political, economic era
      1048 3  -  By ANDREW MALCOLM NYT THIS year Japan, which has forged the non-communist world's most powerful economy outside the United States, enters a new economic and political era. "We're going to have to realize," says Mr. Klyoshl Kawashlma, president of the Honda Corporation, "as
      NYT  -  1,048 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      54 3 FOR SALE The following fleet of second-hand vessels are available for immediate sale. These vessels can be inspected in Singapore and they are offered on basis "AS IS WHERE IS" Singapore Interested parties please contact: Mr Michael Leong Robin Shipyard (Ptt) Ltd 19/25-A Cecil Street, Singapore 1 Tel: Singapore *****/*****3
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      Page 3 Advertisements Column 2
      37 3 This announcement appears as a matter of record only. HOTEL SUMMIT (PRIVATE) LIMITED (incorporated in Singapore) 5510,000,000 Secured Medium Term Loan Arranged By SINGAPORE INTERNATIONAL MERCHANT BANKERS LIMITED (SIMBL) Provided By OVERSEA-CHINESE BANKING CORPORATION LIMITED December 1976
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      464 4 How advertisers can mount a campaign aimed at businessmen Tactical information from Business Times f 1 3. Shotgun approach beware. Be careful about spreading your message across too many publications. This approach is called the shotgun approach. A secret: Research into readership indicates that readership of advertisements doesn't fall off
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  • COMPANY NEWS
    • Article
      MTC jump in line with expectations
      476 5 IN line with expectations, group pre-tax profit at Malayan Tobacco Company Jumped 82.9 per cent to a record M 548.4 million for the year ended Sept 30,1976. Net after-tax profit rose by 76.7 per cent to $26.6 million. Turnover, however, Increased at a lower
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    • COMPANY MEETINGS
    • Article
      PEOPLE IN BUSINESS
      97 5 CARLSBERG Brewery has announced the appointments of the following to the company's board: Tan Sri Datuk Hamzah Sendut, effective Jan 18, and Mr. Sven Dyre Vaa, as alternate director for Mr. Anthon Wilhelm Nielsen in place of Mr, Jarl Olof Ekberg, effective Jan 13. Bank of America
      97 words
    • Article
      New chief for Shell (M)
      111 5 SHELL Malaysia has announced that Mr. H.J. de Rulter of the London office will arlve in Kuala Lumpur next week to become Its chairman and chief executive. He will succeed Dr. Richard Hu, who will be leaving at the end of next month to be
      111 words
    • Article
      Supreme Corp
      51 5 THE proposed scrip issue of one-for-four and rights of one-for-elght at par of Supreme Corporation have yet to be approved by the Malaysian Capital Issue Committee. In view of this, the company told the Kuala LumKur Stock Exchange that It as decided to postpone the books closing date
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    • Article
      Yeo Hiap Seng makes further progress
      375 5 AS its chairman, Mr. Yeo Thian In, forecast, Yeo Hiap Seng continued to progress in Its second full year of operations separate from the Malaysian group. The Singapore group achieved a pre-tax profit of $5 million, which represents an increase of 33 per cent,
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    • Article
      Midway recovery for Adhesive Tape (M)
      401 5 ALTHOUGH it has yet to show the profits It anticipated for the current year ending May 31, 1977, Adhesive Tape Incorporated (M) has managed to reduce losses substantially in the first six months. Net lots for the first halfyear came to M 538,462 compared
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    • Article
      Lock icon GTE, Uniroyal in payoff charge
      297 5 Reuter WASHINGTON, Frl. The Securities and Exchange Commission (SEC) yesterday accused two large American companies, the General Telephone and Electronics Corporation and Uniroyal, of falling to report over US$l7 million of questionable payments in several foreign countries including Iran, the Philippines and Mexico. The companies
      Reuter  -  297 words
    • Article
      DIVIDENDS ANNOUNCED
      224 5 Current Ex Date Total for Total for payment Date payable the year previous year N.8. Time. 25% Jan 7 Jan 31 40% 25% George Town 5%+ Jan 17 Jan 31 5%+ 15% CentraJ Securities 5* Jan 11 Jan 31 5% 5% M. Cement 11.5% Jan 4 Jan 31
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    • Article
      Lock icon Schering and Philips in takeover discussions
      234 5 Reuter BERLIN, Frl. Schering said it is holding talks with Philips Gloel)ampenFabrieken, Eindhoven, with the aim of taking over Philips 100 per cent subsidiary Phllips-Duphar, Amsterdam. It said in a statement the object of the discussions is the taking over of all Phllips-Duphar's activities
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    • Article
      Outokumpu
      53 5 ZURICH, Frl. Finnish Mining concern Outokumpu Oy will float a 50 million franc 15-year loan with a coupon of stfc per cent on the Swiss capital market from Feb 8 to 11, primary market sources said. Issue price of the loan, which will bear a Finnish Government guarantee, will
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    • Article
      Lock icon Occidental Petroleum expects higher earnings
      182 5 Reuter LOS ANOELEB, Frl. Occidental Petroleum said It expects to report 1976 earnings of US$lB3 million or $2.75 per share, up from $172 million or $2.64 In 1975. Diluted earnings for the year were about $2.26, up from $2.20, It said. Occidental said it expects
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    • Article
      Lock icon Asarco's stake
      129 5 Reuter NEW YORK, Frl. Revere Copper and Brass said several firms have shown an interest In acquiring Asarco's 33.6 per cent common stock holding in Revere. It also said it had preliminary talks with several firms concerning possible participation in the expansion of the Scottsboro aluminium reduction plant
      Reuter  -  129 words
    • Article
      Chrysler
      27 5 DETROIT, Frl. Chryslei said it plans to spend US$54 million rehabilitating it; Mound Road engine plant here. The plant builds engine: for all Chrysler car lines.
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    • Article
      Lock icon CBC reports revenue decline
      491 5 Reuter BYDNEY, Frl. Commercial Banking Co of Sydney plunged Into a net loss of A 53.94 in the first six months ended Dec 31, 1976, compared with a profit of 95.89 million last time. Gross revenue fell to $52.97 million from $69.18 million. Despite the loss,
      Reuter  -  491 words
    • Article
      Gen Foods optimistic
      271 5 NEW YORK, Frl. Reporting a 15 per cent fall In third quarter net profit, Oeneral Foods Is confident of recovering from this setback In the last three months of the current year ending March 31, 1977. It expects overall business to be nlgher in the fourth quarter,
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    • Article
      Lock icon CSR lays down terms in sugar contract
      252 5 Reuter SYDNEY, Frl. Australia's sugar selling agent, CSR. will make a restructuring of the Japanese sugar refining Industry a pre-condition for any change in the Australia-Japan sugar supply contract during forthcoming negotiations, Industry sources said. CSR will ask for a 30 to 40
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    • Article
      Lock icon GWU to refund US$4m
      628 5 NYT WASHINGTON, Frl. Great Western United is to refund almost US$4 million to some 14,000 Investors In three land-development projects in Colorado, California and New Mexico under an agreement negotiated with the Federal Trade Commission. The $4 million refund was said to be the largest ever
      NYT  -  628 words
    • Article
      Lock icon No problems in Wales
      853 5 SONY PLANT DISCIPLINE NYT BRIDGEND, Wales, Fri. They have not had to learn the company song, "The ship sails on," and they don't get called out to the parking lot to do Jumplngjacks, but the 500 British workers at this South Wales outpost of Japanese Industry
      NYT  -  853 words
    • Article
      Philip Morris raises profit
      234 5 NEW YORK, Fri. with a fourth quarter contribution of U8967.03 million ($52.6 million), Philip Morris has raised last year's net profit by 25.5 per cent to 9265.68 million (*211.64 million). The profit increase came on the back of a 17.8 per cent rise In revenue to
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    • Article
      Good conditions for IBM to continue
      174 5 NEW YORK, Frl. international Business Machines said it expects the favourable business conditions it experienced In 1976 to continue In 1977. In its annual report, the company said that develop-' ments in technology and in the way customers are using Its products support its
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    • Article
      Lock icon Matsushita Electric income doubles
      178 5 Reuter TOKYO, FYI. After-tax profit at Matsushita Electric Works doubled to 0.51 billion yen from 4.76 billion yen In the year ended Nov 30, 1976. The profit Jump was achieved on the .back of a 25.7 per cent rise in gross sales to 335.09 billion yen
      Reuter  -  178 words
    • Article
      CHICAGO BOARD OPTIONS
      1067 5 On January 27 PRICES on the Chicago Board Options Exchange declined on Thursday, as losers topped gainers, 395 to 100. Turnover approximated 97,071 contracts compared with 97,645 contracts on Wednesday. OPTION APL JLY OCT STOCK Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel Avon Avon
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  • Article
    Share Information Service
    2006 6 1W77 Ugh I jum Last r—paay Sale ♦erO'f Gr's Net f K C <"£, aw^u. SECTION ONE INDUSTRIALS 1 175* 206 100 237 186 402 204 248 460 137 133 172 60 185 66 254 149 172 388 39 Acma Alcorn Allied Choc Bat* Ben Bo'wtead Bousteadco
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  • Article
    Transactions in Singapore
    1172 6 BID and offer prten officially listed and buaineas la and reported to the Stock Exchange of Singapore yeeterdajr with the number of aharee traded shown in bracket* in lots of 1000 iunite unleea otherwise specified. All Time Settlement Oonttarts are quoted after the word "Sett. Big Board
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  • Article
    In Kuala Lumpur
    1222 6 BID and offer price* 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. INOIMTMAtS AMU* (1.458 1.508). A. TM« (0.40B). AjlnamaU (1.998 2.008). AIMM (2.088
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  • Article
    Unit trusts
    125 6 SINGAPORE UNIT TRUST (Maaagan' J >0 INCOME BOND UNIT (Curreat prim) 1 08 1.19 The 098 1 01 SporeProf rund OK 0.87 MSSflSr: \m i:S ASIAN UNIT TRUST (MaBacm' prlew far Jaa SI) Mai Invest Fund 18® 1.80 Mai Prof. Fund 0.81 0 88xd Mai Security Fund 084
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  • Article
    Corporate bonds
    138 6 DBS Converts 6 1/2% 1991 (100.000) (90V.8 97*8) E I B 9% 1982 (100.000) (102 V.8 103*8) E I B 8 1/4% 1963 (100,000) (99*B 100*8) I B J 8 1/2% 1981 (100,000) (102HB 102 7 48) Keppel 9 1/2% 1982 (100,000) (101VtB 102 KS) Keppel 9% 1983
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  • Article
    Domestic govt bonds
    114 6 5 1/2% 1/12/77 (1,000,000) (101 408 101.50S) 5 1/2% 15/4/78 (1,000,000) (101 MB 101.70S) 5 1/4% 15/7/78 (1,000,000) (101 408 101.538) C 1/2% 15/8/78 (1,000,000) (103 208 103 458) 7% 1/7/79 (1,000,000) (104 MB) 5 1/4% 15/10/79 (1,000,000) (100 958 101.15S) 6 3/4% 15/C/80 (1,000,000) (102.958) 6
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      118 6 ■II MBBODSTM mot with fIBIBU PUBIICMIBHS HOMI SWBKS OIVISIOH WOLSEY HALL COURSES Professional Examination Courses Institute of Administrative Management Institute of Bankers Inst, of Chartered Secretaries and Administrators Institute of Statisticians London Chamber of Commerce and Industry Business studies courses Economics Commerce Administrative Practice Secretarial Company Secretarial Practice General Principles
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  • Article
    Trading turns steadier
    610 7 THE Stock Exchange of Singapore overcame a fourday tail spia and scored gains across the board yesterday. During the opening session, operators were generally hesitant about committing themselves and prices were quoted at wide disparities. Following the first hour of trading, buyers began to move in and
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  • Article
    Good gains by shares in KL
    556 7 SENTIMENT turned distinctly better at the Kuala Lumpur Stock Exchange yesterday as prices staged a moderate rally. .Following Thursday's steadier closing, buyers reemerged early to push prices higher. Demand picked up as trading progressed, and another rally at the final bell resulted in a
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  • Article
    New York
    1073 7 NEW YORK: Economic concerns and continued selling of glamours pushed stock prices lower for the second day In a row on Thursday. Analysts noted that moat of the economic statistics for December generally have been of a bullish nature. But they suggest that Wall Street now Is concerned
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  • Article
    Toronto
    288 7 TORONTO: Share prices closed lower on a broad front on the Toronto market on Thursday, with oil, pipeline and transportation Issues leading the decline. Trading was light. Declining Issues outnumbered gainers by a small margin and the composite Index fell 2.1. Among the oil and gas Issues, Chieftain Development
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  • Article
    Amsterdam
    307 7 AMSTERDAM: The market eased In quiet conditions on Thursday. Dutch Internationals and shippings rallied slightly later but omall offerings were sufficient u> depress shares |n most sectors, dealers said. A threat of strikes In Dutch industry continues to weigh on the market. Dutch internationals closed lower with the exception
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  • Article
    Paris
    342 7 PARIS: The market was generally lower on Thursday, dealers said. The sharp reduction In the French December retail price Index and the lower trade deficit were overshadowed by political uncertainties, especially concerning tne ruling majority party, thev said. Ail sectors lost ground, with the exception of engineerings, where Generate
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  • Article
    Zurich
    284 7 ZURICH: The market edged lower on Thursday, following the easier trend In New York, dealers said. Banks generally eased apart from Credit Poneior which firmed sharply. Financials lost ground led by bearer shares of Bally and Jnveaa. Bally registered posted a small gain. Insurances followed the general trend except
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  • Article
    J'burg
    377 7 JOHANNESBURG: Gold shares drifted off on Thursday despite basically steady overseas bullion Indications. Dealers this move to an undertone of disappointment following the' IMF auction. Movements were small, although WR Cons moved back 25 cents to 260. Financial minings were generally softer, with New Wiu dropping five cents to
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  • Article
    Frankfurt
    318 7 FRANKFURT: Shares closed mixed to lower on Thursday partly influenced by Wall Street's weaker tendency on Wednesday, dealers said. Leading bank shares closed 1.50 to 2.70 marks lower, led by Deutsche Bank, In reaction to Wednesday's gains. Auto shares lost as much as 1.80 led by Daimler. In stores
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  • Article
    Milan
    162 7 MILAN: Stocks eased In thin trading on Thursday with operators awaiting Government economic Initiatives following Wednesday's restricted agreement between unions ana Industry on wages and productivity. bourse sources said. Most industrial and financial leaders were lower. Flat, still awaiting final government approval for Its capital and loans deal with
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  • Article
    Brussels
    157 7 BRU88EL8: The market was mostly lower on Thursday, depressed by Wall Btreet, but trading remained very thin, dealers said. Soflma. Wagons-Lits and Arfced rose against the trend, while falls Included Electrobel, FN, CoekarUl, Halnaut-Sambre, UCB, Tes sender-Loo and Csmslra. UK Issues wert firm, but all other foreign stocks. Including
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  • Article
    Sydney
    463 7 SYDNEY. Base metals and other miners rose while banks and sugars fell on Friday, dealers said. The Sydney All-Ordinaries Index fell 0.19 point to 430.20 Pancontineatal advanced 50 cents to $7.00 and Ronton six cents to $8.58 after touching $8.70. Utah rose 10 cents to $4.80, Ha mere ley
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  • Article
    Tokyo
    439 7 TOKYO: Share prices closed slightly lower on Friday as late profit taking and liquidation more than offset early gains, dealers said. The Dow Jones average declined 4.99 to 5,041.01. with volume 260 million shares. The New Index dropped 0.54 to 380.57. Malor Investment trusts actively bought blue chips and
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  • Article
    Hongkong
    421 7 HONOKONO; The market closed steady on Friday to slightly weaker In quiet, dull trading, but above the morning's lows, dealers said. The Hang Seng Index rose 0.10 point to close at 433.41. The main feature was continued weakness of Swire Pacific, which lost five cents at $9.00, after being
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  • Article
    Bangkok
    79 7 jan a Asia Fibre Bangkok Bank Bangkok Invest Bangkok-Metro-politan Bank Bat* BahU 121 249 149 -2 Berll Jucker 185 CharoongThal wire Dumex Duslt Thanl Faber Merlin First Trust Indo-Thal J And J Ho 190 Jalaprathan Cement 83 unch Karnasuta 35S -2 Lee Kwang Mln Metal Box 4 95 Rama
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  • Article
    Manila
    109 7 JAN Pesos Acoje Mining 0185 +0 0005 Atla?Con A 33 25 -0.5 Atlas Con B. 33 50 -0 25 Bagulo Gold 016 unch Benruft Con B 14 70 -1.3 BF Goodrich 15 unch CDCP IncoB 01 unch Lepanto B 17 50 +0 75 Marlnduque B 8 50 -0 05
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  • Article
    Indices
    63 7 FINANCIAL TIMES INDUSTRIALS Thursday 390.7 Wednesday 381.6 Week Ago 386.9 DOW JONES AVERAGE INDUSTRIALS Thursday 954.54 Wednesday 958.53 Week Ago 959.03 LONDON DOLLAR PREMIUM Thursday 97* to 97%* Wednesday 99* to 100H H.K. HANG SENG Thursday 433.31 Wednesday 438.52 Week Ago 442.40 SYDNEY INDUSTRIALS Thursday 360.37 Wednesday 359.76 Week
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  • Article
    Lock icon Denmark plans loan
    89 7 Reuter AMSTERDAM, Fri. The Kingdom of Denmark plans to raise a 75 million guilder, per cent 15-year debenture loan at a price to be announced on Feb 2, Algemene Bank Nederland said. Subscriptions open on Feb 4 for payment March 15. The loan will be redeemed at
    Reuter  -  89 words
  • Article
    Amatil
    81 7 SYDNEY, Frl. An 8.7 per cent Increase In net profit to A 515.42 million ($14.18 million) has been reported by Allied Manufacturing and Trading Industries (Amatll) for the year ended Oct 31, 1976. The profit is after an extraordinary loss of $319,000 (nil). Gross revenue rose 14 per cent
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      94 7 CCPIIQE a BRIGHTER FUTURE FOULKS LYNCH Enrol now with FEDERAL PUBLICATIONS Home Studies Division for the following FOULKS LYNCH Courses Association of Certified Accountants Institute of Cost and Manaaement Accountants Association of International Accountants Institute of Taxation Institute of Accounting Staff Society of Company and Commercial Accountants Institute of Administrative
      94 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Rubber market
      680 8 THE Singapore rubber market opened fractionally higher yesterday, following London advices and then rose another half cent on some buying of forwards, notably Apl/June In relatively thin trading, dealers said. Past mid-day, however, prices declined by one cent as buyers withdrew and sellers predominated, they said. Physicals continued
      680 words
    • Article
      SSR and SMR
      107 8 DAILY SSR and SMR prices at noon yesterday: Feb. Mar. R.A.9. (Current Mth) (For ward Mth) Buyer* (enl Seller* Buyer Seller* perkc) (casta per k«> SSR 20 (1-ton Pallet) 189 00 190.006 190.50 191.SON SSR 50 (1-ton Pallet) 1M.S0 187 SON 188.00 189.OON M.HE.U. SMR5CV (1-ton Pallet)
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    • Article
      Straits tin
      154 8 THE Straits tin price In Penang yesterday was up $13 to $1,478 on an official offering down 45 tonnes to 210 tonnes. In LONDON on Thursday tin finished the day showing gains of £55 for Cash and £70 for Three Months in both contracts. The market scored further
      154 words
    • Article
      Closing prices
      31 8 Rubber: Jan 28 Singapore: Feb. 200.75 cU 2 own 0.75 cU.) yria: Feb. 206.25 cU (down 0.25 cU) Tin: 51.478.00 (up S13.00) Official offering: 210 tonnes (down 45 tonnes)
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    • Article
      Silver
      135 8 LONDON Frl Silver gave up part of Its early advance at the London mld-sesslon fixing on Thursday afternoon, where spot metal was set at 264.0 pence. Profit-taking curbed the gains, after early buying In London Metal Exchange markets, dealers said. In NEW YORK, on Thursday, Comex silver futures eased
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    • Article
      Lead
      44 8 LONDON. Frl Lead closed with gains of £6 per tonne all round on Thursday afternoon. The market held around the morning's higher levels In moderately active twoway trading. Three Months traded up to £354 before final business at £353. Sales were 3,250 tonnes.
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    • Article
      Palm Oil
      114 8 THE following Palm Oil prices wen price are elf Rotterdam and are quoted in London on Thursday. The quoted In US dollar per ton unless otherwise stated. Thursday Pre*. Malaysia 5% ffa bulk 400 sir Mch/Apl 470qtd Sumatra 5H 477 50 sir 477.50 sir Jan Feb Mar 477.50*
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    • Article
      Produce prices
      286 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk MS sellers, old drum $90 sellers, new drum $95 sellers Copra Mixed (loose) UK/Cont *53 buyers. Pepper Muntok ASTA white f ob 100% NLW $340 sellers. Sarawak white f ob 90% NLW $320 sellers. Sarawak
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    • Article
      Gold
      386 8 IN the Singapore fold market yesterday, the kilobar changed hands In the range of 5t10,450 to $10,490. Trading was subdued following the easier tone in the American futures market. The loco London gold opened at U*****.10/ 151.80 and closed slightly firmer at $131.50/ 131 90. The London morning fix
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    • Article
      Copper
      301 8 LONDON, Fri Copper wlrebars on the day gained £9 for Cash and fully £9.50 for Three Months on Thursday afternoon. The market drifted back under small scale liquidation which took Three Months down to £877 per tonne, following a softer tone at New York. But the lower levels attracted
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    • Article
      Zinc
      32 8 LONDON, Frl Zinc finished with Cash £1.75 up and Three Months £2 higher on Thursday afternoon. Trading remained quiet, with Three Months softening to £429 on sales of only 950 tonnes.
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    • Article
      Wheat
      132 8 CHICAGO, Thurs. Wheat futures finished the session around the day's lows, with losses of three to V» cents a bushel. Early speculative buying prompted by gains In soybean futures took prices higher but gains were pared In light dealings. After fluctuating narrowly, prices declined further on a late drop
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    • Article
      Soybeans
      106 8 CHICAGO, Thurs. Soybean futures fell sharply In later session dealings and finished with losses of 11% to 6* cents a bushel. After an early advance, prices were mixed as old crop contracts showed gains and deferred months moved to the downside. Early nearby support was encouraged by light farmer
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    • Article
      Small fluctuations in rubber price
      376 8 IN the absence of fresh features, the Singapore and Malaysian rubber markets have fluctuated thinly within a 3v, cents range during the week to eventually lose two cents on balance, said Holiday, Cutler, Bath and Co In its weekly rubber market report. A gradual decline
      376 words
    • Article
      Sugar
      230 8 LONDON, Frl. Terminal sugar extended first call losses of mostly £1 (near May at £135.25 bid) to £0.10 per tonne In not particularly active open trading. Dealers said first call levels were about In line with Thursday night's slightly depressed kerb rates. They said the market again appeared to
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    • Article
      Coffee
      236 8 LONDON, Frl. The terminal opened around £26 lower, but recovered to close the morning very steady, £24 lower in Spot Jan to £9 higher in both July and Sep, compared to Thursday night. Volume was 313 lots. Dealers said after the Initial dip at the opening, the terminal recovered
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    • Article
      Rice
      196 8 BANGKOK, Frl. Indicative prices for rice quoted In Bangkok yesterday were: US dollars per tonne fob basis Bangkok White Rice 100 per cent Ist class 288 100 per cent 2nd class 273 100 per cent 3rd class 208 5 per cent 200 10 per cent 239 15 per cent
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  • MONEY AND EXCHANGES
    • Article
      Singapore
      612 8 SINGAPORE'S domestic money market saw overnight rates yesterday taking a long slide from fairly high levels which were established a few days back. Term rates however did not appear to be affected. Opening at the four per cent level, overnight money was traded nervously In the morning session, wltn
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    • Article
      Asian $ rates
      152 8 Asian rates ASIAN currency deposit tnterDank rales u at clow on Jan 28 U8 Dollars (Spot) Offer Bid 7 days 413/16 411/16 1 mth 413/16 2 mlhj 5 3/16 51/16 Smths 5 5/16 5 3/16 8 mths. 513/16 511/16 Smths 6 5 7/6 12 mths 6 5/16 6 3/16 8w.
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    • Article
      Discount market
      53 8 RANOE on prices offered by dls count houses on Jan 28 Overnight 1% to 3* Call deposit 3S C1otia| Buy 9*1 111*. 3-Month Treasury bills 3 1/16 2 15/16 3-Month Bank bills 4 3/16 4 1/16 3-Months CD 4 7/16 4 1/4 6-MonthsCD 4 5/8 4 1/2" Source:
      53 words
    • Article
      Minimum lending rates (in %)
      56 8 Minimum lending rates (in ACBC 6* Algemene Bank 0% Bangkok Bank 7* Bank of America Bank of China ..7 Bank of Tokyo 6% Bank Negara Indonesia T* First Chicago 6* Citibank 6* HSBC 7 Indosuez W Malayan Banking 6* Mitsui Bank 6* OCBC OUB 0%> Chartered Bank (P. Chase Manhattan
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    • Article
      London
      282 8 LONDON, Frl. The Canadian dollar lost further ground in thin early dealings here, with widespread fears for the future of the Canadian Federation bringing selling in Vancouver, San Francisco and the Far East after the closure of North American east coast markets, dealers said. It opened in London around
      282 words
    • Article
      New York
      215 8 NEW YORK, Thurs. The Canadian dollar closed sharply lower after an erratic trading session with moderate volume while the US dollar closed marginally weaker on balance, dealers said. The Canadian dollar met selling all session after dropping fairly sharply earlier in Europe amid renewed nervousness about Quebec separatism.
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    • Article
      Tokyo
      102 8 TOKYO, Fri. The US dollar for overnight delivery firmed following a decline in the value of the yen in overseas centres, closing at 289.50 yen compared with 288.55 yen at Thursday's close, dealers said. Japanese banks bought dollars, holding the view that yen purchases by overseas operators since early
      102 words
    • Article
      Hongkong
      96 8 HONGKONG, Fri. The US dollar closed at HK54.6590/6610, above the day's lows of $4.6550/6580 but still below the opening $4.6600/6620 and the overnight $4.6640/6660, dealers said. Trading today was lacklustre, with the absence of middle Eastern business helping the market's dull trend, they added. Sterling was quoted at U551.7158/7164,
      96 words
    • Article
      Euro $ rates
      125 8 Euro rates LONDON, Frl. Eurodollar deposits opened marginally harder where changed and ruled steady In early quiet pre-weekend conditions, dealers said. A slightly softer undertone was noted in places, with funds tending to come In the middle of quoted ranges. Movements were minimal, but pertod funds tended slightly offered affter
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    • Article
      Treasury Bills tender
      58 8 RESULTS of Treasury Bills tender held on Jan. 28 for 91day Treasury Bills to be Issued from Jan 31 to Feb 4 Offered: 130 million Applied for: S ii;*!ll ->n Allotted: 30 million Accepted bids. 599.2S approximately 83 per cent; higher bids In full. Average rate of
      58 words
    • Article
      Australia/NZ
      49 8 AUSTRALIA/NZ exchanges quoted on Jan 28 Australia: Sterling 0.6368/0.6299 US dollar 1.0894/1.0846 Ninety-day air mall buying rates: Sterling 0.6656 US dollars 1.1154 Ninety-day forward buying rates: Sterling 0.5877 US dollars 1.0941 New Zealand: Sterling 0.5547/0.5516 US dollar 0.9569/0 9469 Ninety-day forward rate: Sterling 0 5877 US dollar 0.9704
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    • Article
      Zurich
      42 8 ZURICH exchanges closing quotes on Jan 27 US 2.5260-5268 UK 4.3375-3400 Can 2.4765-4785 W Germ 104.06-15 Neth 99.29-37 France 50.84-88 Belg 6.78-V4, 79 Denm 42.50-53 Norw 47.27-31 Swed 59.09-14 Italy 0.2863-2865 Austria 14.62-64 Port 7.81-83 Spain 3.66-''j-67 Arg 0.85-1.00 Japan 0.87-%-87-V«
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    • Article
      Frankfurt
      30 8 FRANKFURT exchanges opening quotes on Jan 28 Can 2.3605/25 UK 4.153/168 Neth 95.40/55 Swltz 96.05/20 Italy 2.743/758 France 48.70/85 Norw 45.40/50 Belg com 6.510/525 Belg fin 6.51/52 Japan 0.8363/78
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    • Article
      Eurobond prices
      175 8 Eurobond prices quoted on Jan 28 Straights Bid Offer Air mi' |v 104S 105% BFCt 8\Pe 1083 101* 101 Br "1 102 103 Cli irhonnam" 8^>PC 101*. Can Pacific «%PC 100 w 101% Do* Cur Hint 8 'tPc 104", 105% EEC 8%Pc 1982 100S 101S Euroflna 8'tPc 103
      175 words
    • Article
      US trade deficit
      92 8 WASHINGTON, Frl. The United States recorded a US$5l5 million (551.26 billion) trade deficit in December, a sharp reduction from the prior month that was attributed to rebounding economics around the world, the Commerce Department said today. It said exports and imports increased to record levels, but that
      92 words
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      Page 8 Advertisements Column 1
      446 8 1 a Si w <f SI 'J."» <M IR THE GREAT BOOKS OF WESTERN CMUZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies, withered
      446 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon IMCO FIGHT AGAINST GLOBAL OIL SPILL
      634 9 Reuter LONDON, Fri. Ten years after the wreck of the Torrey Canyon first showed how a giant oil tanker can ruin a shoreline, the problem Is getting worse. Something like 60,000 tonnes of oil gushed out of the stranded Torrey Canyon in 1967 and
      Reuter  -  634 words
    • Article, Illustration
      IN PORT
      206 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Barcelona Maru (2200 after Golden Globe) 35/36 Chidambaram (0800 after Nevada) 47 Maritime Grace (H3UG) (0600 after Rasa Sayang) (must sail not later than 1500/30 th) 42/43 Neder Elbe (0600) 10/11 Neptune Cyprlne (after Bajmak) (will haul 10m East on 31st p.m.) 8/9
      206 words
    • Article
      Sulaiman: A new form of challenge with MAS
      461 9 KUALA LUMPUR, Fri. Datuk Sulaiman Sujak, the new deDutv chairman of Malaysian Airline System, i promises to use his many i years of experience as air force chief, to help Improve the national carrier. It has been a common trend for Air
      461 words
    • Article
      Lock icon London freight market
      173 9 AP LONDON, Fri. North Pacific and South American grain stole the limelight yesterday on a market still devoid of usual interest on the US Gulf and Atlantic grain routes. North Pacific grain chartering Included Kofmia's payment of US$l4 (1.200 tonnes discharge free) to the Pan Western for
      AP  -  173 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      578 9 ARRIVALS Service Operator Number Local Time From CAL MAS CI333 MH682 0400 0810 TPE/HKG/KUL KCH JAL CAL JL712 CI814 1000 1000 HLP HLP SIA GIA CPA SQ211 GA980 CX710 1010 1030 1030 HLP HLP HLP thai TG423 1035 BKK GIA RBA SIA GA908 BI325 SQ201 1100 1155
      578 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      575 9 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who
      575 words
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  • Article
    Lock icon New taxes hurt foreign-based US businessmen
    1120 10  -  By JOHN SIMS UPI EUROPEANS used to complain that Americans were "overpaid, oversexed and over here." Now it's the foreign-based Americans who complain that they are just plain overtaxed. New tax provisions that one consultant called "an absolute abortion" are raising the tax load
    UPI  -  1,120 words
  • Article, Illustration
    AN URGENT NEED FOR METAL INDUSTRIES CENTRE IN MALAYSIA
    1846 10  -  MALAYSIAN ENGINEERING FIRMS PRODUCE A GROWING NUMBER OF ITEMS FOR THE VARIOUS INDUSTRIES BUT THEY ARE HAMPERED BY A LACK EXPERTISE By DAVID CHOW MALAYSIAN engineering firms have urged the Government to set up a centre to help them upgrade their
    1,846 words
  • Article, Illustration
    Lock icon Brazil gets ready to mine largest iron deposits
    669 10  -  By MICHAEL ARKUS Reuter AMID the metallic notes of bell-birds and the guttural calls of howling-monkeys, deep In the Amazon jungle, Brazil Is preparing to mine the world's largest single known concentration of Iron ore. Geological surveys set the reserves here In
    Reuter  -  669 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      341 10 People who want reliable information on Asia subscribe to n Write in to P O Box 91 Alexandra Post Office Singapore 3 NEW DIRECTIONS The magazine that actually says what you have been thinking all along. New Directions quarterly was born in late 1973 and has since then quietly set
      341 words
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  • Article
    Lock icon Lee to meet with King Bhumibol
    510 11 Reuter UPI BANGKOK, Frl. Singapore Prime Minister Lee Kuan Yew arrives here on Sunday for a four-day unofficial visit during which he is expected to meet King Bhumibol Adulyadej. The royal audience will be In the King's palace on the hillside overlooking the northern
    Reuter; UPI  -  510 words
  • Article
    Lock icon US atomic ships in Indian Ocean
    404 11 AP WASHINGTON. Frl. The United States Navy has sent an all-nuclear-powered aircraft carrier task force into the Indian Ocean for the first time in nearly 12 years, it was announced yesterday. The voyage of the carrier Enterprise and the guided missile cruisers Long Beach
    AP  -  404 words
  • Article
    Lock icon Better Viet ties with China
    126 11 AP BANGKOK, Fri. There are Indications that Vietnam's relations with China, widely reported as somewhat strained, have recently taken an upward turn, the Bank of America's Indochina Spotlight says. The monthly news letter noted a recent "working visit" by Vietnamese Vice Premier Du Muoi to
    AP  -  126 words
  • Article
    READY-MIX PETITION
    88 11 A PETITION has been filed in the High Court to wind up Singapore Ready-Mix, dealers in cement and other goods. Twincem Shipping and Trading filed the petition, alleging insolvency on the part of Singapore ReadyMix. Twincem, describing Itself as a creditor of Singapore Ready-Mix, is claiming $372,051. In
    88 words
  • Article
    Lock icon REVIEW OF THAI-KL DRIVE AGAINST REDS
    362 11 Reuter UPI BANGKOK. Fri. Military leader* from Thailand and Malaysia will meet in Kuala Lumpur from Feb. 3-6 to review the achievements and shortcomings of the joint operation against communist guerillas in southern Thailand, press reports said today. "They will also plan bigger and
    Reuter; UPI  -  362 words
  • Article
    Lock icon Nato launches its second satellite
    222 11 AP CAPE CANAVERAL, Frl. The second satellite in the US$34O million (SSB33 million) system to provide secret communication for members of the North Atlantic Treaty Organisation was launched at 7.50 p.m. (0050 GMT) yesterday aboard a Delta rocket. The 800 kg Nato 111 satellite will
    AP  -  222 words
  • Article
    Lock icon Fukuda orders KCIA payoffs probe
    362 11 AP TOKYO, Fri. Prime Minister Takeo Fukuda has ordered an investigation into alleged bribery of Japanese politicians by South Korea's Central Intelligence Agency (KCIA) to buy Influence, the Foreign Ministry confirmed today. The first steps will be made by the Japanese Embassy in Washington, the
    AP  -  362 words
  • Article
    Lock icon Plan in the works to tap Viet oil
    590 11 NYT VIETNAM Is planning to establish Its own state oil company and will shortly approve a detailed foreign investment code designed to pave the way this year for the large-scale entry of foreign oil companies and other major International private Investors. Diplomats
    NYT  -  590 words
  • Article
    King-Wilkinson's energy savings
    441 11 WITH the recent oil price increase and the prospect of yet another hike later in the year, energy savings in a refinery, power plant or chemical plant have become all the more important. The energy conservation services presentation, conducted by project management company, King-Wil-kinson (K-W) here yesterday,
    441 words
  • Article
    Lock icon Group to press for workers' release
    359 11 Reuter NEW DELHI, Frl. The non-communist opposition grouping, the Janata Party, is seeking an interview with Indian Prime Minister Indira Gandhi to demand the immediate release of its workers who are still in Jail. Though many opposition supporters Jailed 19 months ago, when Mrs.
    Reuter  -  359 words
  • Article
    Lock icon Seoul won't buy rice this year
    142 11 Reuter SEOUL, Frl. South Korea has achieved self-suf-ficiency in rice and will import only the non-rice grains wheat, beans and maize totalling 2,712,000 tonnes this year, the Agriculture and Fishery Ministry said. The planned 1977 imports of 1.7 million tonnes of wheat, 102,000 tonnes
    Reuter  -  142 words
  • Article
    Lock icon Large jump for Iraqi rice?
    136 11 Reuter WASHINGTON, Frl. Iraq's 1976-77 rice crop is estimated at 164,000 tonnes, compared with 61,000 tonnes in 1975-76, the US Agriculture Department (USDA) said. In Its weekly round-up of world commodity highlights the department said the low output in 1975-76 was due to the lack
    Reuter  -  136 words
  • Article
    Lock icon 60 COUNTRIES FOR THE FAIR
    127 11 Reuter EAST BERLIN, Frl. About 9,000 exhibitors from 60 countries, Including for the first time a reunited Vietnam, will take part In this year's spring fair in Leipzig, the organisers said yesterday. The traditional shopping place for East-West trade will be almost the same size
    Reuter  -  127 words
  • Article
    Lock icon Rhodesia: Call-up for thousands more
    259 11 Reuter SALISBURY. Fri. Thousands more of Rhodesia's 270,000 whites will be called to fight In the war against black nationalist guerillas under new conscription rules announced last night. At the same time. Prime Minister lan Smith won an almost unconditional mandate from his ruling Rhodeslan
    Reuter  -  259 words
  • Article
    Lock icon Australia, Japan fish pact extended
    155 11 AP TOKYO, Frl. Japan and Australia exchanged notes extending their fishery agreement which expires Jan 31. 1977 to Jan 31. 1979, the Foreign Ministry announced today. The announcement said the agreement allows Japanese fishing boats to make port calls at Sydney. Brisbane and two other
    AP  -  155 words
  • Article
    Lock icon Boost output warning to China workers
    233 11 Reuter PEKING, Frl. The Chinese Communist Party yesterday gave industrial workers and officials a stern peptalk and urged them to boost production. A party circular In the People's Daily newspaper said in some plants the ideological line was wrong, factionalism existed and management was
    Reuter  -  233 words
  • Article
    Citibank sues
    62 11 CITIBANK is suing Fletcher and Co. and three others for $21.204 in a writ filed at the High Court yesterday. The sum is for money allegedly owing to Citibank. The writ is filed by the bank's lawyers, Chor Pee and Hing Hiong. In another writ. Bank Negara Indonesia
    62 words
  • Article
    4 face charges over building plan approval
    298 11 MALACCA, Fri. Former Malacca Municipal Commissioner Datuk Tan Cheng Swee, 56, pleaded not guilty In the High Court here today to three charges of committing corrupt practices under the Emergency (Essential Powers) Ordinance. Three others former Malacca Malayan Chinese Association secretary and former
    298 words
  • Article
    Lock icon Mardec agrees to Uniroyal deal
    159 11 Reuter KUALA LUMPUR, Fri. The Malaysian Rubber Development Corp (Mardec) said it has agreed to supply Uniroyal plants in the US, Canada and Western Europe for a trial period. Mardec general manager Sulaiman Manan said the trial would run for a few months and if
    Reuter  -  159 words
  • Article
    Show on electric energy systems
    124 11 COMBUSTION Engineering, a US multi-national corporation specialising in fossil and nuclear steam supply systems, will put up a graphic display explaining its workings at the electric energy systems exhibition to be held here from Feb 7 to 11. Two. representatives from the company, Mr. Thomas
    124 words
  • Article
    Lock icon Upadit ends Burma visit
    29 11 Reuter RANGOON. Fri. A Thai goodwill mission led by Foreign Minister Pachariyangkun Upadit left here today at the end of a fourday informal visit.- Reuter.
    Reuter  -  29 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      298 11 1 APPOINTMENTS SALES MANAGER (BRUNEI) required by a well established foreign trading company to market a wide range of well-known brands of products in Brunei. The right candidate should meet the following requirements:— A sound secondary education up to HSC level or equivalent marketing qualifications. Several years experience in a
      298 words
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      Page 11 Advertisements Column 2
      212 11 MARKETING MANAGER A major manufacturer of foods and allied products seeks a Marketing Manager for one of its principal ranges of fast moving, branded products. The person selected for the job will probably be at least 33 years of age. He will have tertiary qualifications as well as several years
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  • Article
    US firm buys 10pc stake in Asia Insurance (HK)
    369 12 CONTINENTAL Insurance of the US, described as "one of the world's biggest insurance and financial organisations," has bought a 10 per cent Equity stake in Asia Insurance of Hongkong, for an undisclosed price. Asia Insurance, whose shares are listed on the
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  • Article
    STERLING KNIGHT
    57 12 STERLING Knight, local underwriting agents and insurance brokers, is to be associated with Alexander Howden Insurance Brokers, a London-based Insurance and reinsurance broking group. The latter Is the amalgamation of four broking subsidiaries of the Alexander Howden group, namely, Alexander Howden and Swan, Sterling Offices and J. Arpel,
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  • Article
    Air NZ ends pact
    95 12 AIR New Zealand announced yesterday that It Is terminating Its general sales agreement on passengers and cargo In Singapore and Brunei with Singapore Airlines on Monday. Mr. Richard Gates, Southeast Asia district manager for the carrier, said that the airline would be undertaking Its own pas-
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    Cathay Pacific meet
    74 12 MR. John Olsen, Cathay Pacific's general manager for Southeast Asia, Mr. Teo Hock Seng, the Singapore manager, and Mr. Geoffrey Nabl, district sales manager, will leave for Hongkong next week to attend the airline's annual marketing conference. Also participating are 64 senior management executives from 22 Cathay
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  • Article
    Carpets galore
    101 12 AN exhibition of three thousand Persian carpets and handicrafts worth $10 million will be held at the Singapore Hilton from Feb. 8 16, preceded by an opening reception on Feb. 7. Organised by Oriental Carpet Palace, the exhibition will highlight a carpetweaving demonstration by a family of four
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  • Article
    LONDON STOCKS
    793 12 LONDON, Frl. Government bonds were a firm feature with rises of over one point among longer maturities In anticipation of the reduction In the Bank of England minimum lending rate, dealers said. Short dates tended softer prior to the close on expectations of a new loan, they added.
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    Warrant for Ko's arrest granted
    157 12 CHIEF Justice Mr. Wee Chong Jin has granted a court application to Issue a warrant of arrest against company director Jimmy Ko Oon Hin, who was made a bankrupt here last October. Ko, 24, Is the son of the late rubber tycoon, KoTeck Kin. The
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  • Article
    Sir Robert to retire in April
    93 12 THE Bank of New South Wales, Australia's largest commercial bank, announced yesterday that Its chief executive officer. Sir Robert Norman, will retire In April this year. He will be succeeded by Mr. R.J. White who, since Joining the bank In 1940, has seen service
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    Lock icon THE WORLD'S TRADE OUTLOOK
    1690 12 AP ASIA SEVERAL Asian countries seem to be staging a noticeable economic recovery, and may lead the area In a more general pattern of growth for the region during 1977. The adverse effects of unemployment, Inflation, balance of payments difficulties, and a prolonged pause in the
    AP  -  1,690 words
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    Lock icon 'Let Japan be Asia's voice at any summit'
    614 12 TOKYO MINISTER PROPOSES: AP UPI TOKYO, Fri. Foreign Minister Uchlro Hatoyama proposed today that Japan serve as the spokesman for other Asian nations In any future economic summit conference. He said that this, along with global measures to fight recession, would be
    AP; UPI  -  614 words
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    NARENDRAN ACCUSES KL GOVT OF PANIC
    523 12 KUALA LUMPUR, Frl. Mr. T. Narendran, the chairman of the Staff Side of the National Joint Council, said here today that the Malaysian Government "panicked" in convening Parliament this week to pass the Cabinet report on wage increases for civil servants and to reject
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    Lock icon Arms: Seoul catches up with North
    404 12 UPI SEOUL, Fri. President Park Chung-hee said today South Korea has finally caught up with North Korea In overall military power and by 1980, It will be militarily viable without developing nuclear weapons. During a new year Inspection tour of the Defence Ministry, Mr.
    UPI  -  404 words
  • Article
    Lock icon Russia puts off Cairo treaty for third time
    392 12 AP CAIRO, Fri. A leading Cairo newspaper said today the Soviet Union again has postponed the signing of a trade protocol, trying to push President Anwar Sadat into halting the strong turn to the West he has taken since abrogating a treaty
    AP  -  392 words
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    Bethlehem's sixth layoff
    99 12 BETHLEHEM Shipyard has made its sixth retrenchment to date 89 office and production workers were retrenched recently, cutting the yard's total workforce to 600 workers, from about 1,200 during the boom in the oil rig Industry several years ago. The workers are believed to have received a
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    FEFC to try out controls in March
    224 12 FAR Eastern Freight Conference (FEFC) lines will introduce documentary controls on a trial basis on cargo moving from Singapore to Europe from March 1. This is to ensure that all FEFC tariff regulations, conditions and rates are being correctly observed and applied. "The
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      261 12 for people who matter Change is the essence of a fast-moving, dynamic society like Singapore's and it takes quite some doing to keep up with the pace. Singapore Trade Industry monthly economic review is changing its name to Singapore Business this year. So, with the new name Singapore Business, we
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