The Business Times, 3 February 1977
1977-02-03
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The Business Times
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Title Section9 1977-02-03 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, FEBRUARY. 3, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article77 1977-02-03 1 Reuter KUWAIT, Wed. The Shah of Iran said In an Interview published here today that his country would accept a compromise which would restore Opec oil price unity, and believed such a compromise would be reached by June. One compromise whereby all Opec countries will take aReuter - 77 words
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Article73 1977-02-03 1 AP JAKARTA, Wed. General Surono, Vice Commander of the Indonesian Armed Forces, said on Tuesday the Association of Southeast Asian Nations (Asean) should be strong enough to meet challenges to its security. Oen Surono said each Asean member was obliged to step up Its own national defence,AP - 73 words
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Article77 1977-02-03 1 AP TOKYO, Wed. A 20-member mission from the Japan-China Economic and Trade Association left Tokyo for Peking today for a five-day visit to discuss trade and other business Issues with Chinese officials. The mission, headed by Yoshihiro Inayama, president of the association and board chairman of Nippon Steel,AP - 77 words
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Article62 1977-02-03 1 SINGAPORE Airlines expects to spend $1.2 billion over the next five years on a second widebodied aircraft fleet, ancillary equipment and ground facilities to accommodate them. Evaluation studies are currently in progress on the DCIO, the Lockhead LlOll, the Boeing 7475P and 8747 200. The new aircraft62 words
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Article44 1977-02-03 1 AP LONDON, Wed. Britain's gold and foreign currency reserves showed their biggest ever rise last month, Increasing by U553,067 billion (557.5 billion) to U557.196 billion, the Treasury reported today. The reserves now stand at their highest level since November, 1974. APAP - 44 words
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Article62 1977-02-03 1 UPI TOKYO, Wed. Japanese shipbuilders received orders for 650 ships over 2,500 gross tonnes for exports In 1976, compared with 524 ships In 1975, the Japan Shipbuilders' Association announced. The association said the ships aggregated 8.64 million gross tonnes, up 0.5 per cent over 1975, and theirUPI - 62 words
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Article32 1977-02-03 1 Reuter BANGKOK, Wed. Australia this year will accept 7,000 foreign refugees or quasi-refugees mostly from Indochina, Lebanon and South American countries, Australian Immigration Minister Michael Mackellar said today. ReuterReuter - 32 words
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Article44 1977-02-03 1 UPI NEW YORK. Wed. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 958.19, down 0.17; 20 transp 227.83, up 0.94; 15 utils 109.66, up 0.09; 65 stocks 314.14, up 0.35. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration176 1977-02-03 1 ACTIVITY at the Stock Exchange of Singapore slackened considerably yesterday as buyers withdrew from the trading floor. Interest on the option board also fell, with the premiums moving lower. Most shares were marginally lower and this was reflected in a 1.58 point drop in the Business Times176 words
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Article109 1977-02-03 1 Falls Most active -.21 Haw Par 100.000 Intraco 91.(X) Central Sug&rs 84.000 M Banking $6 05 -.15 Pan Electric 63.000 O.C.B.C. $7.65 -.10 Inchcape 42.000 Golden Hope $3:46 DBS. S3.92 Slme Darby $3.32 M Tobacco $5 10 P Bank $2.18 Premium Hold $0.58 C Storage $3.10 Carlsberg109 words
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782 1977-02-03 1 JOHN TAN - THAI IMPORTS NOT CHARGED, SO By JOHN TAN SINGAPORE'S agreement with Thailand to reduce the rate of tariffs on the domestic exports of both countries Is likely to result heavily in Singapore's favour. Most of Singapore's Imports from Thailand are presently not charged any tariff,782 words
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Article276 1977-02-03 1 SINGAPORE Nomura Merchant Banking, the merchant bank which introduced the local capital market to depository receipts last August, may pull another rabbit out of its hat later in the year. This time the company involved may be TDK Electronics of Japan, best known here for276 words
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Article609 1977-02-03 1 NEW initiatives are being taken to secure greater tax Incentives for life insurance In Singapore, although so far there appears to be little common ground between the Insurers and the authorities on the need for reform. The Life Insurance Association in Singapore is understood to609 words
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344 1977-02-03 1 Reuter LONDON, Wed. Anticipation of an early release of 30,000 tonnes of tin from the US General Services Administration (OSA) stockpile would be wrong, trade sources said. The amount would certainly fill all projections of this year's world supply deficit. But until detailsReuter - 344 words
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Article282 1977-02-03 1 THE civil aviation authorities of Singapore and the United States are planning to hold talks here near the end of this month to continue their longdrawn negotiations on an air services agreement between the two countries. The meeting will take up where they left off last282 words
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336 1977-02-03 1 Reuter BANGKOK, Wed, Prime Minuter Lee Kuan Yew said today that an American troop withdrawal from South Korea could indirectly affect Japan and could cause them to have a "real •elf-defence force." Mr. Lee, who left for home after a four-day unofficialReuter - 336 words
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337 1977-02-03 1 KUALA LUMPUR. Wed. Golden Hope Plantations' chairman. Mr. Frank Harper. today made an attempt to rebut the criticisms Gentlng Highlands the company seeking to acquire Golden has levelled at the proposed merger between Golden, London Asiatic and Patallng. The merger is supported by the board337 words
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Article248 1977-02-03 1 GUTHRIE Corporation of the UK has transferred Its remaining plantation assets In Malaysia to six new Malaysian companies in a further reorganisation of Its interests in line with the Malaysian Government's New Economic Policy. However, the transfer will not initially involve a transfer of ownership, as248 words
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Page 1 Advertisements
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Advertisement33 1977-02-03 1 Colour TV is simply great INSIDE Ovrrwu New*/ TV Radio Local/ International Co New# Local Stocks Over»e»» Stocks Commodities P3 Transport Communications P5 Features PS Overseas News/ Feature P7 Local ft Overseas News33 words
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Advertisement98 1977-02-03 1 your machinery Modem industry demands more of the manufacturer. Maintaining that competitive edge often calls for higher technology. And heavy capital investment. Leasing is one solution for the manufacturer who needs to conserve much-needed capital. Hong Leong Finance offers a wide range of flexible lease plans to meet both industrial98 words
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Advertisement96 1977-02-03 1 SystM if T«4ay 14 Shaw Road Singapore 13 Tel *****1/*****7 Super TriStar Service to Hong Kong, and on to Taipei and Tokyo. Cathay Pacific introduces daily Super TriStar flights to Hong Kong, and on to Taipei and Tokyo, departing Singapore at 11.20 am. Call your Travel Agent, or Cathay Pacific96 words
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Page 2 Advertisements
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Advertisement232 1977-02-03 2 ADVERTISEMENT TO ALL SHARE HOLDERS OF GOLDEN HOPE PLANTATIONS LIMITED An offer of 96p cash (M. dollars 4.14) per share has been made by GENTING HIGHLANDS HOTEL BERHAD accepting shareholders will also receive the special dividend of 4.25p (net) (M. dlrs 0.18) per share The offer document has been posted232 words
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OVERSEAS
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673 1977-02-03 3 Washington Star WASHINGTON, Wed. A Federal Power Commission Judge yesterday recommended that a consortium of natural gas companies be allowed to build a 6759 km pipeline across Canada to bring natural gas from Alaska to gas consumers in the 48 contiguous states. EstimatedWashington Star - 673 words
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587 1977-02-03 3 NYT NEW YORK, Wed. A letter of intent for construction of up to three supertankers that would be the world's largest and the first propelled by nuclear energy has been signed by a Kashmiri-born British shipping magnate and the Newport News Shipbuilding and Dry-DockNYT - 587 words
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730 1977-02-03 3 'HIGHLY SATISFACTORY' TALKS Reuter MANILA, Wed. The newly reunified Republic of Vietnam has asked the Asian Development Bank to consider financing a series of new projects, the Bank spokesman disclosed yesterday. It has also proposed modifications to some of the nine projects originally approvedReuter - 730 words
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494 1977-02-03 3 Reuter CAIRO, Wed. United Nations Secretary-General Kurt Waldhelm today begins a six-nation tour of the Middle East aimed at bringing Arab and Israeli leaders back to the Geneva Peace Conference table they vacated In 1973. Mr. Waldhelm, who arrives here to start his mission withReuter - 494 words
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Article291 1977-02-03 3 Reuter WASHINGTON, Wed. Vice President Walter Mondale reports today to President Carter on the new admlnistrations's first foreign policy mission. He will be reporting on plans for an economic summit by industrialised nations, nuclear nonproliferation and other topics discussed during his 10-day tour of Western EuropeReuter - 291 words
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Article290 1977-02-03 3 AP CARACAS, Wed. Venezuela "Is considering with profound Interest" a proposal by Qatar's oil minister aimed at ending the current rift over price levels In the Organisation of Petroleum Exporting Countries (OPEC), a Caracas newspaper said on Tuesday. Recent news reports from Kuwait Indicated thatAP - 290 words
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Article118 1977-02-03 3 Reuter WASHINGTON, Wed. The US Department of Agriculture said the 1976 world rice crop is currently estimated at 347.4 million tonnes (paddy basis), down about 7.5 million from the Rrevlous year's record arvest, but still the second largest world cup crop ever produced. It noted majorReuter - 118 words
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Article, Illustration616 1977-02-03 3 Reuter TOKYO, Wed. Prime Minister Takeo Fukuda said here that it was of the utmost importance that Japan, the United States and Western Europe should strengthen their cooperation to prevent trade war and international political turmoil. At a press conference for a group of visitingReuter - 616 words
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293 1977-02-03 3 Reuter MANILA. Wed. President Ferdinand Marcos today welcomed a 25-member mission from the European Centre for International Cooperation (CECI) as a vital step In promoting relations between the European Common Market and the Association of Southeast Asian Nations (Asean). He received the groupReuter - 293 words
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Page 3 Advertisements
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Advertisement111 1977-02-03 3 There's only one accurate answer to complicated calculations Calculators Sharp Calculators have a host of methods to help you improve efficiency, save capital and expensive time. V CS-4152 m m id CS-2101 12 digits, 1 memory Constant and complex calcu ations Floating decimal -i CS-6301 S4S 16digits. 3memories. V Constant111 words
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Page 3 Miscellaneous
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Miscellaneous355 1977-02-03 3 WEATHER report for 24 hours prior to 7.30 p.m. on Feb 2 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 RADIO TV SINGAPORE 5 3.00 P.M. Opening Announcements355 words
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Page 4 Advertisements
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Advertisement147 1977-02-03 4 ADVERTISEMENT Shareholders of GOLDEN HOPE PLANTATIONS LIMITED are strongly recommended by their Board to accept the HME Merger Proposals by filling in and posting the green accei +ance form already sent to them so that it will arrive at and Crosfield, 1 4 Great Tower Street, London EC3R SAB not147 words
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COMPANY NEWS
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783 1977-02-03 5 TEMENGGONG has turned the Greatways International (Singapore) group Into its wholly-owned subsidiary through the acquisition of the minority stake from Greatways International (Hongkong). Temenggong initially owned 60 per cent or 600,000 shares of $1 each In Greatways Singapore, which has two wholly-owned subsidiaries. Greatways Supermarkets (Singapore)783 words
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COMPANY MEETINGS
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27 1977-02-03 5 Industrial Electronics Engineering Ltd.: Feb 10, 3 p.m., 10 A, Commonwealth Boustead Holding* Bhd.: Feb 16, 12 noon, No. 14 Jalan 223, Section 20 A Petaling Jaya.27 words
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21 1977-02-03 5 Ilu Benut Consolidated Industries <M) Bhd.: Feb 12, 11 a.m., No6Tambun Road Ipoh.21 words
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22 1977-02-03 5 «iivui purd* Feb 15. 10 a.m.. Registered Office. Penthouse. 10th Floor. Wisma Central. Jalan Ampang. Kuala Lumpur.22 words
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Article107 1977-02-03 5 Reuter TOKYO, Wed. Sumitomo Metal Industries said it plans to cut capital spending in fiscal 1977 to 180 billion yen from 240 billion in fiscal 1976 in view of the slow recovery of the steel market. Fiscal 1977 capital spending will be concentrated on construction of aReuter - 107 words
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Article53 1977-02-03 5 TOKYO. Wed. Nippon Paint said It will offer a 30 million mark convertible debenture, probably later this month. Details of the Issue terms including coupon and convertible price are not yet available, but Berliner handles and Frankfurter Bank and Nomura Europe GMBH are lead managers for the53 words
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Article183 1977-02-03 5 Current payment Ex Date Date payable Total for the year Total for previous year Pahang Pref. U.M. Flour Sel. Dredging D. Keramat Liu B«nut N.B. Timbers Straits Times Times Publishing M. Tobacco Idris Hyd. Tanjong Tin S.P.Textiie Rahman Hyd. Yeo Hiap Seng (Ml Gopeng Con. Pengkalen Yeo Hiap183 words
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Article1114 1977-02-03 5 On February 1 PRICES on the Chicago Board Options Exchange advanced on Tuesday as gainers topped losers, 324 to 132. Volume approximated 80,218 contracts, compared with 80,531 contracts on Monday. OPTION APL JLY OCT STOCK Alcoa SO 4 51/4 UNTRD 521/2 Alcoa 60 5/8 1 1/4 121,114 words
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324 1977-02-03 5 ASSOCIATED Plastics Industries has formed a new iolnt venture company called Flexipak with Societe la Cellophane, a wholly -owned subsidiary of Rhone Poulenc of France. Informing the Kuala Lumpur Stock Exchange of the investment, the company says that it has subscribed at par324 words
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Article115 1977-02-03 5 MR. Peter Yap Ee Haw has been appointed to the board of Oversea-Chinese Banking Corporation with effect from Feb 1. Mr. Tan Eng Joo has resigned as a director of Overseas Union Bank. Mr. Lam Hoo Yee has been appointed an accountant of Marco Polo. Mdm Wang115 words
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Article36 1977-02-03 5 Massey Ferguson TORONTO. Wed. Massey-Ferguson said capital spending in 1977 will be Csl7s million, about the same as In 1976. Most of this will go to support long-term product development. Massey said in its annual report.36 words
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Article308 1977-02-03 5 Reuter LONDON, Wed. With all divisions showing improvement, BAT Industries has enjoyed a 33.0 per cent Jump in pre-tax profit of £374 million (£2BO million) in the year ended Sept 30, 1076. The profit Increase was achieved on a sales rise of 32.4 per centReuter - 308 words
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Article313 1977-02-03 5 Reuter NEW YORK, Wed. Kennecott Copper said It expects a difficult first quarter because of the current state of the copper business and unsettled nature of Its required divestiture of whollyowned Peabody Coal. Under the proposed transaction, which its board approved on Oct 14, Kennecott willReuter - 313 words
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Article224 1977-02-03 5 Reuter MINNEAPOLIS, Wed. Honeywell said its information systems operating profit was US$4l million last year against $40 million in J975 although revenue rose 6.7 per cent to $914 million. The company said its computer business Improved substantially in the second half of 1976 and net computer bookings increasedReuter - 224 words
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319 1977-02-03 5 LOS ANGELES, Wed. Western Bancorporatlon has reported record operating earnings of US$9O.l million for 1976. an Increase of 16.3% from $77.5 million previously. On a per share basis. Income before rose to $3.78 from $3.25. The previous record of $84.7 million, or $3.55 a share,319 words
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Article92 1977-02-03 5 NEW YORK, Wed. American Telephone and Telegraph has reported net profit of US$3.B3 billion ($3.15 billion) for the year ended Dec 31, 1976. Revenue rose to $32.8 billion from $29 billion last time while operating expenses Increased to $21 billion from $18.8 billion. Earnings per share92 words
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167 1977-02-03 5 Reuter TOKYO, Wed. Consolidated net Income at Nippon Electric rose to 3.60 billion yen from 40 million yen In the first half-year ended Sept 30, 1976. Consolidated sales rose to 300.47 billion yen from 254.28 billion yen Drevlously. The company said it hopes tc reportReuter - 167 words
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Article148 1977-02-03 5 Reuter PITTSBURGH, Wed. US Steel said it will increase prices on its tin mill product line by 4.8 per cent, effective March 13. The new price level amounts to a half of one per cent on total steel product line revenues, the company said.Reuter - 148 words
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Article92 1977-02-03 5 LONDON. Wed. On a sales rise of only 38.5 per cent to €1.07 billion (£772.6 million), Reed International has more than doubled pre-tax profit to £54.3 million from £26.8 million in the nine months ended Dec 31. 1976. Profit Is after interest charges. Operating profit came92 words
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Article69 1977-02-03 5 MELBOURNE. Wed. G.J. Coles has reported a 40.4 per cent Jump in net profit to A 517.35 million ($12.36 million) on sales of $687.7 million ($575.3 million) in the first half-year ended Dec 31, 1976. Profit includes gain on sale of non-current assets of $1.26 million ($426,000). With69 words
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Article680 1977-02-03 5 C.L. SULZBERGER - FIAT SHARE DEAL By C.L. SULZBERGER NYT THE sale by Flat to Libya of a huge block of stock is an Interesting pilot project of the kind of association between western industries and rich oil-producing lands that is bound to spread. There have been two previous similarNYT - 680 words
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379 1977-02-03 5 NEW YORK, Wed. A 14 per cent increase In net operating profit for 1976 has been reported by Rainer Bancorporatlon. Net profit came to U5521.32 million, or $5.74 per share compared with $18.65 million, and $5.02 per share In 1975. Mr. G Robert Truex, Jr.,379 words
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Article53 1977-02-03 5 MELBOURNE, Wed. The Trustees. Executors and Agency said it accepted tenders ranging from 526 to 540 US cents a share for the 602,388 shares not taken up under Broken Hill (BHP) earlier rights issue. BHP earlier offered 24.5 million $2 nominal shares on a one for eight basis at53 words
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Page 5 Advertisements
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Advertisement399 1977-02-03 5 MR. BUSINESSMAN: Is Business slack? Need more customers? Selective buyers consult the Yellow Pages. Many businesses nave found Yellow Pages to be their best (and least costly) salesman in these difficult times. WHY? 1. 24-Hour Availability 365 Days A Year. No vacations, no tea breaks, works for you all the399 words
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Article2001 1977-02-03 6 1976/77 High Low Company Last Sale +orGr'» div Dhr e'vr Gr'* C Nat P/E Vol Day Hiffh Low 8ECTION ONE INDUSTRIALS *****0 100 237 186 402 204 248 460 137 133 172 60 185 66 254 149 172 386 39 Acma Alcom Allied Choc Bata Ben Bo2,001 words
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Article1120 1977-02-03 6 BID and oner 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 Board1,120 words
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Article1211 1977-02-03 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. industrial* A Tapa (0.428 0 445) A(inam*ta (1.»1B 2 006) A. Ch«(1,211 words
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Article146 1977-02-03 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets in lots of 1,000 units unless otherwise stated. D.B.S. (June 83.90) (0.258 0.275) (13 0.27,146 words
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Article154 1977-02-03 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price* for Feb 3) (Current prices) TheCommerce 1.75 1.85 INCOME BOND 1.10 1.16 The Saving Fund ...0.95 1.00 S'pore Prog. Fund 0.82 0.87 MARA BUMIPUTRA FUND S pore Security Fund 133 140 (Managers' prices for Feb. 3) S'pore Invest Fund 1.06154 words
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Article151 1977-02-03 6 BOTH 1/2* 19X1 (100,000) (102'«B 103-«S) D B S 8 1/2* 19H2 (100.000) <99%8 100SS) DBS Converts fi 1/2* ISWI (100,000) (96H8 97V%8) EIB9* 19X2 (100,000) (102*..8 103'.5) E I B X 1/4* 19X3 (100,000) <99**B 100 .S) I B J X 1/2* 19X1 (100.000) (102'*B 102SS) Keppel151 words
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Article109 1977-02-03 6 5 1/2% 1/12/77 (1,000,000) (101.408 101.60S) 5 1/2% 15/4/78 <1,000,000) (101.658 101.755) 5 1/4% 15/7/78 (1,000,000) (101.508 101.558X1)101.52 6 1/2% 15/8/78 (1,000.000) (103 308 103.505) 7% 1/7/79 (1,000,000)(1)104.92 7% 1/7/79 830.000X1)104.87 5 1/2% 1/10/77-79 (1,000.000) (101 558 101.65S >(1)101.60 5 l/ 4"& 15/10/79 (1,000,000) (101 008 101.18S)109 words
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Page 6 Advertisements
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Advertisement410 1977-02-03 6 THE GREAT BOOKS of the beautiful, durable bindings la the M M U IAA^^|AI the fundamental Ideas of HM wMwmW IBhI M science, history, psychology, VV Bw I HWilhlr Here In beautiful, durable bindings Is the whole record of the fundamental Ideas of mankind science, history, psychology, mathematics, theology, literature410 words
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Article451 1977-02-03 7 PRICES tended lower on lack of buying support at the Stock Exchange of Singapore yesterday Dabblers and investors were still showing a disinclination to open new buying or selling commitments. The majority of prices headed lower, mainly on stale bull liquidation. Even on the option board,451 words
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Article473 1977-02-03 7 SHARES finished lower In quiet selective trading at the Kuala Lumpur stock market yesterday. Prices hovered around Monday's levels lor the better part of the day before edging lower towards the close. The general disinclination to deal was well reflected in the wide disparity of473 words
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Article174 1977-02-03 7 BERJAYA Kawat says the price of $1.50 per square foot ($16.15 per square metre) It paid for the factory land of Steel Company of Malaysia was based on a similar offer by another party. Replying to the Kuala Lumpur Stock Exchange queries, Berjaya adds that the third174 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1165 1977-02-03 7 NEW YORK: Btocks staged a technical rally from recently depressed levels on Tuesday, but analysts said optimism continued to be tempered by economic concerns stemming from the abnormally cold winter. Latest government economic data for December also appeared to offer some encouragement for investors, although here, too, there1,165 words
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Article291 1977-02-03 7 ZURICH: The market continued slightly Irregular on Tuesday with losers narrowly outnumbering gainers. Banks closed mixed with a firmer bias. Among flnanclals Bally Registered Improved while both Oerlikon-Buehrle edged lower. Insurances eased on some selling. Small gains and losses were about equal In leading Industrials, with both Nestle steady.291 words
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Article258 1977-02-03 7 AMSTERDAM: Prices on Tuesday, generally firmed under the leadership of Akzo, Unilever and Royal Dutch in Dutch internationals. Heineken, Amfaa. Delhi, Bergoaa and Gieaaen were firm, but KLM, Ennia. Van Ommeren. Fokker and Ahold all showed declines. State loans were mixed. FEB 01 Fls Ahold Akzo Algbank AMEV Amfu258 words
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Article346 1977-02-03 7 TORONTO: Share prices on Tuesday, advanced along a broad front In the wake of the 1/2 point Bank of Canada bank rate cut. All Indices except golds recorded gains at the close of active trading. Among the major changes, Banister Continental advanced 11/2 at 13-1/2, Shell Canada 3/4 at346 words
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Article369 1977-02-03 7 PARIS: The market on Tuesday was slightly easier, dealers said. Foodstuffs were lower, and engineerings, metals, oils and chemicals all eased, though stores were steady. Other sectors were generally mixed. LMT was among individual stocks which went against the overall trend and rose. The company announced higher net 1976369 words
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Article409 1977-02-03 7 SYDNEY. Share prices closed mixed after a firm opening in dull trading on Wednesday, dealers said. The Sydney All-Ordinaries fell 0.84 point to 439.65. Pancontinental closed 24 cents down at 7.80 after touching 8.30. Bhp lost eight to 7.40 and CSR five to 3.50. Among mines. Beniaon lost 18409 words
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Article176 1977-02-03 7 BRUSSELS: The market on Tuesday, was broadly lower, depressed by Wall Street, even though the recovery In New York towards the close suggested that Wall Street may rise, dealers said. Hainaut-Sambre and Geomines rose against the trend, while falls Included Societe General®. Sidro. Traction, Vieille Montague, Cockerill, Cometra, Finoutremer176 words
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Article316 1977-02-03 7 FRANKFURT: Shares closed mainly firmer on demand on Tuesday, from domestic and foreign institutional Investors, dealers said. VW gained 2.40 marks on market speculation it may pay a 450 mark dividend for 1976 C'onti Gummi closed two marks higher, while BMW, Mercedes and Daimler were between 0.50 and 1.50316 words
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Article178 1977-02-03 7 MANILA: The market closed on Wednesday, mixed with weaker bias, dealers said. Oils gained on news of a planned well at Reed Bank by the Swedlsh-Phlllpptne-Amerlcan oil consortium, but minings and commercials declined, with turnover continuing low. Picop was very firm, and Leapanto B, Phil Overseas, Oriental A and178 words
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Article394 1977-02-03 7 HONofcoNO: The market on Wednesday, closed slightly higher, although below the day's highs, In fairly quiet trading, dealers said. The Hang Seng Index rose 1.56 to close at 432.58. Jardine Matheaon gained 10 cents to $18 20. Hutch iaon and Swire Pacific five cents each to $3 25 and394 words
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Article153 1977-02-03 7 MILAN: Stocks were generally easier on Tuesday, with operators awaiting developments in the government's attempts to work out a policy to reduce wage costs, bourse sources said. Fiat, Montedison, both Olivetti* and both Pirellis were among leading industrials to ease, but Generale Immobiliare firmed slightly against the trend. FEB153 words
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Article391 1977-02-03 7 JOHANNESBURG: Oold shares eased on lack of Interest on Tuesday, despite the higher London bullion fix dealers salo. Mining flnanclals were generally dull and slightly easier. De Bern lost six cents to 384 on balance. Platinum counters were unchanged and coppers were Asbestos counters were mixed with Gefco up391 words
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Article78 1977-02-03 7 FKB 02 Bahts 47Asia Fibre 121 -1 Bangkok Bank 247 -2 Bangkok Invest 148S -1 Bangkok-Metro-politan Bank Bata 371S BerliJucker 185 -1 Charoong Thai Wire Dumex Duslt Thani Faber Merlin First Trust Indo-Thal J And J Ho 102 *♦■2 Jalaprathan 85 Cement ♦1 K&masuta LeeKwangMln Metal Box 4 90S78 words
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Article517 1977-02-03 7 TOKYO: Prices on Wednesday, continued U i advance throughout the day on strong selective buying in t>lue chips and medium slzeci shares following Tuesday's r lse. dealers said The Dow Jones average roee 63.65 to clot je at 91 with volume 310 million shares. The New Index closed at517 words
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Article59 1977-02-03 7 FINANCIAL TIMES INDUSTRIALS Tuesday 395.9 Monday 390.5 Week ago 377.7 DOW JONES AVERAGE INDUSTRIALS Tuesday 958.36 Monday 954.37 Week ago 965.92 LONDON DOLLAR PREMIUM Tuesday Monday 951 to 9o% H.K. HANG SENG Tuesday 431.02 Monday 434.25 Week ago 438.52 SYDNEY INDUSTRIALS Tuesday 360 08 Monday closed Week ago 359.7659 words
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Page 7 Advertisements
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Advertisement424 1977-02-03 7 THE SYNTOFJCON The Syntopicon now makes it possible for anyone to "ask" great thinkers such as Plato, Aristotle, Tolstoy, and Freud about love, art, democracy, Justice or almost any topic conceived by the human mind. The Syntopicon can guide your hand to the proper volume. Your eyes are directed to424 words
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COMMODITY REPORTS AND PRICES
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Article647 1977-02-03 8 OPENING quotatl ons In the Singapore rubber market yesterday were marked down about on e cent, following lower overseas adViC6S. Towards noon, however, a mild rally developed on renewed upcountry buying support, dealers said. Prices fell back again later, on some liquids itlon of February, they said. Turnover647 words
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Article107 1977-02-03 8 DAILY SSR and SMR prices at noon yesterday: Feb Mar R.A.S. (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Seller* (cents per kg) (cent* m kg) SSR 20 (1-ton Pallets) 187.00 188 OON 188.50 189 SON SSR 50 (1-ton Pallets) 184 50 185.50N 186.00 187 OON M R.E.L.B107 words
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Article216 1977-02-03 8 THE Straits tin price In Penang yesterday was up $9 to $1,437 on an official offering down 34 tonnes to 156 tonnes. In LONDON yesterday, tin rose by £125 for Cash and £115 for Three Months in both contracts at the mid-day closing. Dealers attributed the sharp recovery216 words
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Article30 1977-02-03 8 Rubber: Feb 2 Singapore: Feb. 196.75 cU (down 1.25 cU.) Malaysia: Feb. 202.00 eta (down 0.50 cU) Tin: $1,437.00 (up $9.00) Official offering: 156 tonnes (down 34 tonnes)30 words
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Article64 1977-02-03 8 LONDON, Wed. Lead gained mostly £4.50 per tonne. following the upward trend in copper and tin, with fresh buying and some pricing operations taking Three Months up to £352. Selling and profit-taking finally pared the rise by £2 per tonne. On the kerb, the softer trend continued with Three64 words
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Article56 1977-02-03 8 LONDON, Wed. Zinc hardened by £0.50 per tonne. There was a lack of fresh trading incentive, although values were steady In sympathy with the general trend In base metals. In the ring, Three Months traded up to £423, but some hedge selling resulted In final kerb dealings back to56 words
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Article118 1977-02-03 8 THE following Palm Oil prices were quoted In London on Tuesday The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated Tuesday Pre*. Malaysia 5% ffa bulk 483 sir Apl/May unch Sumatra 5% 477 50 sir Jan unch Feb 492 50 sir118 words
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Article265 1977-02-03 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICL'L YESTERDAY. Coconut Oil: Bulk MS sellers, old drum $90 sellers, new drum $95 sellers Copra: Mixed (loose) UK/Cont 153 ouyers. Pepper: Muntok ASTA white 1.0.u. 100% NLW $345 sellers. Sarawak white fob 98% NLW $323 sellers. Sarawak special black265 words
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Article346 1977-02-03 8 IN the Singapore gold market yesterday, the kllobar was traded In the range of 5510,530 to $10,555. The loco London gold stayed at U*****.30/ 132.70 for most of the day and volume was thin, due mainly to lack of Interest. The London morning fix was US$l3l.BO, down $0.80 on346 words
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Article293 1977-02-03 8 LONDON, Wed. Copper wirebars showed gains of around £7.50 per tonne all round. A firmer tone developed following the recent minor shake-out, with fresh buying and covering appearing to reflect the view, that the adverse effects of the bad weather In the US will probably be short-lived, dealers said.293 words
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Article62 1977-02-03 8 THE Malaysian Minister of Finance has fixed these rates for the period from Feb. 3 until further notice: Rubber 94 7 4 cts. alb Copra SB4B a ton Palm kernel $235.25 a ton The rate of duties payable are: Rubber 12'/ 4 cts. a lb. (Surcharge 5% cts.62 words
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Article332 1977-02-03 8 LONDON, Wed. Coffee futures were irregularly traded during the opening call, with commission house and trade buying contributing to gains In near positions. At end-call, values were £8 to £25 per tonne higher compared to yesterday's close, with 204 lots traded. May closed with a gain of £10 at332 words
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Article163 1977-02-03 8 CHICAGO, Tues. Soybean product futures posted losses at the close, with final oil prices off 0.15 to 0.25 cent a lb and meal prices mostly $1.00 to $0.10 a ton lower. Declines In soybean futures contributed to the weaknesses In both pits. Some support was generated in meal, however,163 words
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Article125 1977-02-03 8 CHICAGO, Tues. Wheat futures closed with losses of v 4 to Icent a bushel on a light volume of trade. Downward pressure on prices reflected the tones In soybean and corn futures. Speculative selling also was prompted by the weatherrelated problems In getting grains to the Gulf and the125 words
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MONEY AND EXCHANGES
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Article550 1977-02-03 8 OVERNIGHT rates in the Singapore domestic money market closed at an easy level of 1% per cent because yesterday was the last day of the banking week. An easier tendency prevailed throughout the day from an opening of 2% per cent. This fell to 2 to per and 1%550 words
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Article157 1977-02-03 8 Asian rates ASIAN currency deposit Interbank rates as at close on Feb 2 L S Dollars (Spot) Offer Bid 7 days 411/16 1 mth 415/IS 413/16 2 mths 5 4 7/8 3 mths 51/8 6 mths s i3/ir 511/16 6 mths 6 1/8 6 12 mths 6 3/16 9w. Fr».157 words
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Article50 1977-02-03 8 RANOE of prices offered by discount houses on Feb 2 Overnight IV, to 3% Call deposit 24 to 3% ChMinc Buy Selling 3-month Treasury bills 31/16 215/16 3-Month Bank bills 4 31/8 3-Month CD 4 3/16 4 1/16 6- Month CD 4 1/2 43/8 Source: National Discount Co.50 words
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Article164 1977-02-03 8 Euro rates LONDON, Wed. Most period Eurodollar deposits opened lower, reflecting the Friday dealings technicality and extended Initial declines by 1/16. This technicality, however, was offset by a Friday-end of period In One Month. Shorts were also slightly softer Dealers saw declines as a continuation of recent quiet conditions due164 words
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Article235 1977-02-03 8 LONDON, Wed. The dollar, accompanied by sterling, extended in European currency trading. Its recovery started in New York yesterday. A probable market overreaction this week to the economic Impact of the severe US winter, which left the dollar weaker, Is now being corrected, some dealers suggested. Sterling traded at235 words
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Article177 1977-02-03 8 NEW YORK, Tues. The dollar closed stronger on balance here as It adjusted to an over-reaction In Europe to the Implications of the severe US winter, dealers said. News In the afternoon that US factory orders rose 4.5 per cent In December, also helped sentiment for the currency,177 words
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Article106 1977-02-03 8 TOKYO, Wed The dollar for overnight delivery closed slightly easier at 287.93 yen from 288.30 yen, yesterday, but finished above the day's low of 287.80 yen. The dollar, after an initial fall, reflecting the strength of the yen overseas, recovered on bank buying, to cover import settlement needs, dealers106 words
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Article108 1977-02-03 8 HONGKONG. Wed. The US dollar closed around Its opening level at HK54.6530/50, compared with yesterday's $4.6480 6510, In quiet and steady trading, dealers said. The rise followed the dollar's upward reaction In overseas centres. It was quoted at 2.4150/58 marks against 2.4172 midpoint equivalent at the New York close108 words
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Article80 1977-02-03 8 THE Monetary Authority of Singapore (MAS) Invites banks and discount houses to tender for: a) $20 million 91-day Treasury Bills to be issued from Feb 7 to Feb 11, 1977. b)$10 million 182-day Treasury Bills to be is- sued on Feb 7, 1977. c) $10 million 273-day80 words
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Article58 1977-02-03 8 Minimum lending rates (in ACBC 6 J Algemene Bank .9% Bangkok Bank ..7* Bank of America 0* Bank of China .7 Bank of Tokyo .6* Bank Negara Indonesia .7 Chartered Bank .6* Chase Manhattan 6*> DBS AS First Chicago 6%. Citibank 6* HSBC 1 Indosuez Malayan Banking 6*> Mitsui Bank58 words
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Article47 1977-02-03 8 AUSTRALIA/NZ exchanges quoted on Feb 2. Australia: Sterling 0.6370/0.6302 US dollar 1.0895/1.0847 Ninety-day air mall buying rates: Sterling 0.6649 US dollars 1.1154 Ninety-day forward buying rates: Sterling 0.6523 US dollars 1.0936 New Zealand: Sterling 0.5557/0.5526 US dollar 0.9579/0.9479 Ninety-day forward rate: Sterling 0.5886 US dollar 0.96347 words
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Article43 1977-02-03 8 ZURICH exchanges closing quotes on Feb 1 US 2.5082-5090 UK 4.3045-3075 Can 2.4540-4555 W Germ 104.03-12 Neth 99.42-52 France 50.42-45 Belg 6.78-1/2 79-1/2 Denm 42.25-29 Norw 47.31-34 Swed 59.01-05 Italy 0.2842-2845 Austria 14.62-65 Port 7.77-79 Spain 3.64-1/4 64-3/4 Arg 0.85-1.00 Japan 0.87-87-1/243 words
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Article33 1977-02-03 8 FRANKFURT exchanges opening quotes on Feb 2 US 2.4152/67 (2.4095/4100) Can 2.3540/60 UK 4.145/160 Neth £.5.50/65 Switz 96.00/15 Italy 2.735/750 France 48.50/65 Norw 45.40/46 Belg com 6.510/525 Belg fin 6.51/52 Japan 0.8395/840533 words
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Article274 1977-02-03 8 LONDON, Wed. US dollar bonds were virtually unchanged in slow trading, dealers said. Canadian issues tended unchanged to 1/8 point higher, following the cut in Canadian bank rate to eight per cent from BVi and some Canadian prime rate cuts yesterday. Convertible bonds were generally firm in moderate274 words
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Article220 1977-02-03 8 LONDON. Wed. Sliver showed modest gains of 0.4 pence to one pence per troy ounce. Values steadied from lower pre-market levels aided by the trend In base metals, dealers said. Trading interest was small and some quarters suggested sentiment was restrained by trade reports that India has resumed sales220 words
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Article240 1977-02-03 8 LONDON, Wed. Terminal opened quiet, with prices holding steady around last night's kerb levels In sales of 352 lots. Dealers said the market appeared to be holding steady on talk in some quarters that China was still a potential buyer of world market raws. Prices displayed a steadier tendency240 words
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Article218 1977-02-03 8 BANGKOK. Wed. Indicative prices for rice quoted in Bangkok yesterday were: US dollars ®r tonne fob basis Bar^ko... 100 oer cent Ift class 282 100 per cent 2nd 287 100 per cent 3rd 282 5 per cent 254 10 per cent 233 IS per cent 230 20 per cent218 words
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Page 8 Advertisements
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Advertisement161 1977-02-03 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding Hawaii)161 words
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TRANSPORT AND COMMUNICATIONS
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Article541 1977-02-03 9 ALAN DAWSON - By ALAN DAWSON UPI IN MOST countries, when a commercial Interrupts a television programme, the viewer has time to whip out to the kitchen and grab a cold beer. In Thailand, he has time for a shower, often, he can also take a shampoo.UPI - 541 words
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Article86 1977-02-03 9 UPI TOKYO. Wed. The government-financed Japan External Trade Organisation (Jetro) said it will market a 192-page business guidebook on the Soviet Union with a map on Moscow this week. It said the book in Japanese. priced at 1,300 yen (U554.33) is the first of a Guide to OverseasUPI - 86 words
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Article, Illustration847 1977-02-03 9 WILLIAM STEVENS - By WILLIAM STEVENS NYT DETROIT Is going European. Once that would have been heresy. But now, in one of the most Intriguing responses so far to the demands of the age of precious energy, the domestic car manufacturers are taking the plunge. ForNYT - 847 words
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509 1977-02-03 9 PETER SHAW - By PETER SHAW UPI THE Royal Navy hopes to use a new mini-blimp to patrol Britain's expanded fishing waters and its US$B5 billion North Sea oil assets. Defence sources said the navy plans to charter later this year, probably around October, the first airshipUPI - 509 words
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Article, Illustration334 1977-02-03 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Dumas (0600 after King Sun) 23 Ellen Bakke (0800 31/32 Hosei Maru (Car Carrier) (0600 45 Kimanis (1830 agents request) 18 Kim Ann (1500 after Uranus) 42/43 Palm Sea Horse (0900 subject gas free) (POBC) 16 Pakalong Seraya (after Semarang) 40/41 Plonerskaya Pravda334 words
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173 1977-02-03 9 AP GREENBELT, (Maryland). Wed The US National Aeronautics and Space Administration is working on a satellite system that would locate aircraft downed in remote areas and pinpoint ships in distress. As designed by the Goddard Space Flight Centre here, weather satellites, containing sensitive instruments.AP - 173 words
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Article184 1977-02-03 9 AP LONDON, Wed. Rates changed little In quiet chartering conditions on the London freight market yesterday. Transatlantic grain featured more prominently because other sections of the market had a dull day. US Oulf grain shippers worked 67,000 tonnes to the Netherlands aboard the bulk oil carrier MotllalAP - 184 words
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Article589 1977-02-03 9 ARRIVALS Servicc i Local Operator Number Time From CPA CX003 0145 HKO SAS SK988 0700 HLP MAS MH682 0610 KCH SIA SQ211 1010 HLP CPA CX710 1030 HLP OIA QA980 1030 HLP OIA GA908 1100 MES PAL PR501 1115 MNL RBA BI32S 1155 BWN SIA SQ201 1200589 words
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314 1977-02-03 9 UPI NEW YORK, Wed. A new economic newswtre serving the International business community was launched yesterday by United Press International and Commodity News Services. Inc., a subsidiary of KnlghtRldder Newspapers, Inc. Called Unicom, the computer-driven service began at the opening of theUPI - 314 words
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Page 9 Advertisements
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Advertisement192 1977-02-03 9 ASM®1 r 1 MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The192 words
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801 1977-02-03 10 ROY LEVINE - After the brain drain the boss loss... MORE than ever before, Britain's top executives are casting envious eyes at their highly-paid counterparts in other areas of the world and according to a recent survey the British "brain drain" could be stepping up. in LONDON I —By ROY LEVINE BRITAIN'S management801 words
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Article, Illustration1247 1977-02-03 10 GROG SMOSARSKI - World demand for tin has soared so high in the past few weeks that the International Tin Council buffer stock normally held at 20,000 tonnes has been exhausted. Now the world is waiting to see if the new Carter administration in the United StatesFinancial Times - 1,247 words
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803 1977-02-03 10 DAVID ANDELMAN - BY DAVID ANDELMAN NYT GOING south on the main highway out of Hat Yal, southern Thailand's commercial capital, and heading down the Malay Peninsula toward Kuala Lumpur, at first glance the scenery Is fence after picket fence hung with drying laundry. ButNYT - 803 words
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454 1977-02-03 10 ROBERT HOLDEN - BY ROBERT HOLDEN AP FOR years, Americans have been paying Saudi Arabia to take out oil from the Arab nation. Now Saudi Arabia Is paying an American firm the lion's share of a US$243mllllon (SSSB3 million) contract to take outAP - 454 words
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Page 10 Advertisements
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Advertisement288 1977-02-03 10 APPOINTMENTS Industrial Commercial |f o= g Bank invites applications for (l) SENIOR OFFICER (Securities Dept.) Qualification: Law degree or CIS qualification is essential with at least 3 years relevant banking experience in nominee secretarial work. AGE: Between 24 35 years (b) BANK OFFICER <Biiis Dept.) Qualification: AIB Holder or University288 words
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Advertisement299 1977-02-03 10 MARKETING SERVICES OFFICER. An established trading Company is looking for a capable Marketing Services Officer. Preference will be given to applicants who have the following:Education: At lease H.S.C. although graduates in Economics, Business Administration preferred. Personality: Positive outlook. Maturity in judgement, ability to get along with people. Good analytical approach299 words
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OVERSEAS
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Article, Illustration425 1977-02-03 11 LONDON, Wednesday Reuter BRITAIN'S trade union chiefs went to dinner with Chancellor of the Exchequer Denis Heaiey last night in the first contact of a crucial bargaining period aimed at arranging a third year of voluntary wage restraint. Among those sittingReuter - 425 words
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373 1977-02-03 11 Reuter WASHINGTON, Wed. The United States has begun urging major Western nations to follow the American lead in boosting their economies. appeal was made by Treasury Secretary Mr. Michael Blumenthal during testimony before a congressional committee on the Carter Administration's plan toReuter - 373 words
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Article97 1977-02-03 11 DETROIT, Wed. America's worst winter this century has forced the country's three largest car companies to close 14 big assembly plants and lay off nearly 100,000 workers, spokesmen for the firms said yesterday. Some closures stemmed from natural gas shortages while other factories had been shut97 words
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Article572 1977-02-03 11 WASHINGTON, Wed NYT PRESIDENT Carter has put business and labour on notice that his administration will play an active role In seeking to curb price and wage Increases, but his economic deputy, Mr. Charles Schultze, says the president still opposes outright controls. In an economicNYT - 572 words
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Article468 1977-02-03 11 NYT MOSCOW, Wed. The National Broadcasting Company has agreed to pay the highest amount in Olympic history for the exclusive right to broadcast the Moscow Olympic Games to the United States in 1980. After a formal signing ceremony here yesterday, Mr. Vladimir. Koval, executiveNYT - 468 words
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Article188 1977-02-03 11 UPI TOKYO, Wed. The third economic summit of the United States, Western Europe and Japan will probably be held in London between May 28 and June 10, Kyodo news service reported yesterday quoting government sources. Kyodo said Japanese Government sources based their prediction on statementsUPI - 188 words
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Article30 1977-02-03 11 Reuter HONOLULU, Wed. Hawaiian sugar workers postponed a strike for at least 30 days after agreeing to a one-month extension of their current contract lnvollng 15 plantations.—Reuter.Reuter - 30 words
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Article81 1977-02-03 11 Reuter LONDON, Wed. Britain yesterday signed a new International convention which substantially Increases the limits of liability of ship owners on such matters as oil pollution and claims by passengers. The convention, which will come into force one year after 12 states have become parties, wasReuter - 81 words
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291 1977-02-03 11 Reuter LONDON, Wed. Mitsubishi, Japan's biggest trading house, yesterday dropped a plan to subsidise rail fares for its London staff because it would breach the Labour Government's pay restraint policy. The decision was announced after a hurriedly arranged meeting between Mr Rinzo Tanaka,Reuter - 291 words
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Article149 1977-02-03 11 Reuter LONDON, Wed. A Bank of England spokesman refused to comment on British press reports suggesting the Central Bank will shortly abandon Its minimum lending rate system in favour of a specific bank rate. Money market dealers said persistent rumours that the lending rate formula willReuter - 149 words
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Article, Illustration1419 1977-02-03 11 GERRY BUTCHER - Britain's successful negotiations with the world banks to bring at least a temporary halt to the sterling crisis has i brought fresh problems and once again the Treasury is involved in a delicate juggling act with millions of pounds at stake. By GERRY BUTCHER Financial Times AFTERFinancial Times - 1,419 words
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Page 11 Advertisements
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Advertisement87 1977-02-03 11 FURNITURE FOR THE BOD/ CORPORATE Corporate Office Furniture. All business and good looks. Managerial Suites Executive desks and chairs. Secretarial set-ups. Filing cabinets. Typing trolleys. Custom Storage Units. All integrated. All classy. A complete range. And real value for money. DIETHELM .Your business is looking good! You are invited to87 words
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425 1977-02-03 12 Reuter BANGKOK, Wed. Australian Senator Peter Sim, who is on a tour of South-east Asian countries, said today he had found concern in the region about the possibility of the United States giving massive aid to Vietnam. Senator Sim, chairman of the SenateReuter - 425 words
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Article165 1977-02-03 12 MALAYSIAN International Shipping Corporation (MISC) will begin a monthly container service linking Australia and Malaysia soon. The Malaysian Govern-ment-owned line will use two fully-cellular vessels, each with a capacity of about 500 TEU, which will be put into the service around the middle of this year. MISC165 words
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Article114 1977-02-03 12 SINGAPORE Airlines will run four supplementary flights between Singapore and Kuala Lumpur on Chinese New Year eve (Feb 17) and on the third day of the New Year (Feb 20), to cater for the expected increase in passenger traffic. The extra flights will be run on114 words
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Article815 1977-02-03 12 LONDON. Wed. Government bonds and oils were active features In a firm market. Turnover was moderate and the Financial Times Index at 3 p.m. had gained seven points at 402.9. Demand for government bonds continued unabated, with the strength of sterling and expectations of a further reduction In815 words
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365 1977-02-03 12 KUALA LUMPUR, Wed. Prime Minister Datuk Hussein Onn said here today that the Malaysian Government was prepared to consider favourably terms which permit foreign majority control in manufacturing industries producing wholly or predominantly for export. He said that Malaysia recognised the fact that365 words
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122 1977-02-03 12 THE use of postal services for patently fraudulent purposes is one of the increasing problems which the Singapore consumer faces, the Consumers' Association of Singapore alleged. CASE, in a statement yesterday, said that It has received several complaints from consumers here over alleged122 words
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Article, Illustration924 1977-02-03 12 A LEADING local banker believes that Singapore is still relatively underbanked, and that a sizeable body of private deposits remains to be tapped. The vast changes caused by urban renewal and the movement of the population into new housing estates provide924 words
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Article, Illustration732 1977-02-03 12 SINGAPORE'S proposed diesel plant to serve the ASEAN region Is In an advahced stage of negotiation, and one of the chief contenders to participate In the project Is the Perkins group, a large British based group and member of the Massey-Ferguson orgasatlon which sells732 words
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390 1977-02-03 12 KUALA LUMPUR, Wed. The Associated Chinese Chambers of Commerce and Industry is planning to send a trade mission to Asean countries. An ACCCI spokesman said the mission will leave sometime in March. The ACCCI will discuss arrangements for the mission at a390 words
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557 1977-02-03 12 Reuter NEW DELHI. Wed. A major split in India's ruling Congress Party appeared imminent when three of its senior members resigned today with a fierce attack on the post-emergency policies of Prime Minister Mrs Indira Gandhi. The group, headed by Agriculture Minister Jagjlvan Ram,Reuter - 557 words
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Article130 1977-02-03 12 THE Public Utilities Board may have to pay more for its fuel oil soon, and this In turn may lead to a raising of electricity charges to consumers. It is believed that Mobil and Caltex. which have contracts with the PUB, will submit official notification of a five130 words
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Article73 1977-02-03 12 DR Raymond Jallow. senior vice-president and chief economist of United California Bank, arrives in Singapore next week for a two-day visit. He is the author of UCB's "1977 Forecast in which the bank makes predictions on the economic recovery of industrialised nations this year and projects developments in73 words
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Article124 1977-02-03 12 Reuter TOKYO, Wed. Japanese Prime Minister Takeo Fukuda said here today criticisms in Britain of unfair Japanese trade practices were often based on misunderstandings. But he said that if the Japanese found that such allegations *rere fight, "then we are quite prepared to correct ourselves." Mr. FukudaReuter - 124 words
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Article106 1977-02-03 12 KUALA LUMPUR. Wed. Datuk Hussein Onn will make an official visit to Turkey from Feb 11 to 14. The visit Is at the Invitation of the Turkish premier, Mr. Suleyham Demirel. A statement from the Turkish Embassy here said Datuk Hussein will visit Istanbul and106 words
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Article94 1977-02-03 12 CHASE Manhattan Bank yesterday sued Gan Boon Peng and Lee Oon Guan at the High Court here for $597,183 and $1,134,680. The two defendants are directors of Pan-Malaysia Industries, which, when it was established back in 1962, was described as the most advance plywood plant in Malaysia. It94 words
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Article342 1977-02-03 12 THE Development Bank of the Philippines (DBP) yesterday became the first Filipino and possibly one of the pioneering Asean companies to borrow funds substantially provided and managed by Singapore related financial institutions. A syndicated loan agreement was signed at the Mandarin Hotel here between the DBP342 words
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294 1977-02-03 12 THE National Wage Council, which will reconvene soon, is expected to face tough negotiations over its recommendations and guidelines for this year. In preparation for this, the Government, employers and the NTUC have collected and collated information and data on previous increases and294 words
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Page 12 Advertisements
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Advertisement345 1977-02-03 12 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,345 words
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