The Business Times, 4 February 1977
1977-02-04
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The Business Times
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Title Section10 1977-02-04 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, FEBRUARY, 4 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article43 1977-02-04 1 Reuter WOLFSBURG (West Germany), Thurs. Volkswagen announced today It was introducing a new 1.3-litre, two-door, five-seater car. The model, to be called the Derby, will fill a gap in the Volkswagen range between the small Polo and the Golf. Reuter.Reuter - 43 words
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Article55 1977-02-04 1 MR. Jim Slater won his second legal battle today when a court of three London magistrates after a full day hearing and a retirement of 45 minutes dismissed 15 summonses against him alleging improper share dealings totalling over £4 million. The summonses had been taken out under55 words
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Article42 1977-02-04 1 Reuter BELFAST, Thurs. Irish Republican waging "economic warfare", are believed to be planning to assassinate more prominent businessmen in Northern Ireland following the killing last night of the head of a United States-owned company. Reuter see page 10Reuter - 42 words
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Article41 1977-02-04 1 AP WASHINGTON, Thurs. Chairman Arthur Burns of the US Federal Reserve Board (Central Bank) said today his money managing agency will support President Jimmy Carter's policies speed economic growth and reduce unemployment In 1977. AP SEE PAGE 3AP - 41 words
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Article36 1977-02-04 1 Reuter JAKARTA, Thurs. Senator John Knight, a member of the Australian Senate Committee on Foreign Affairs and Defence, will arrive here tomorrow for a four-day visit, the Australian Embassy said today. Reuter.Reuter - 36 words
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Article41 1977-02-04 1 Reuter NUREMBERG, Thurs. Unemployment in West Germany rose in January to 1,248,900 (or 5.5 per cent of the working population) from 1,089,900 (or 4.8 per cent) in December last year, the Federal Labour Office announced here today. Reuter.Reuter - 41 words
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Article36 1977-02-04 1 Reuter STOCHKHOLM, Thurs. The Ericsson Telephone Group, one of the world's largest comf>anies with 84,000 employees in several countries, ast night announced plans to close two of its 21 Swedish factories. Reuter.Reuter - 36 words
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Article47 1977-02-04 1 Reuter PADANG BESAR, Thurs. Four more communist guerillas have been reported killed in massive artillery barrage by Malaysian forces in joint operations with Thai troops in Thailand's Sadao district, bringing the total guerillas killed to 25, a Thai general said here today. Reuter.Reuter - 47 words
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Article36 1977-02-04 1 AP ADDIS ABABA, Thurs. An attempted coup against Ethiopia's 28-month-old socialist military government was foiled today after a group of antirevolutionaries tried to surround the Ruling Council's headquarters, Radio Ethiopia said. AP.AP - 36 words
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Article44 1977-02-04 1 UPI NEW YORK, Thurs. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 947.39, down 5.40; 20 transp 227.38, down 0.40; 15 utlls 109.06, down 0.25; 65 stocks 311.65, down 1.28. UPI.UPI - 44 words
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Chief Price Changes
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Article, Illustration178 1977-02-04 1 TRADING at the Stock Exchange of Singapore turned steadier yesterday. However, gains were marginal. On the options board trading was firmer with verygood premiums attending in a number of cases. Among them were Pan-Electric and United Overseas Bank. The Business Times index rose 1.59 points to 262.81178 words
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Article117 1977-02-04 1 Rises Most active M. Tobacco $5 20 .10 Haw Par 89.000 O.C.B.C. $7 75 •♦•.10 Pan Electric 73,000 Sel. Dredge Intraco A. Amal Sg Besi Petaling Carlsberg $4 80 •♦•.10 Central Sugars 46.000 $2 14 08 Onlripn Hnnp 28 000 $3 64 $2 02 $2 36 $3117 words
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989 1977-02-04 1 JOHN TAN - MALAYSIA IS OUR TOP PARTNER By JOHN TAN SINGAPORE'S external trade last year was characterised by several interesting developments. Although the trade deficit was reduced by about $370 million, the year saw a s;reater reliance on the maor trading partners with the top989 words
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Article156 1977-02-04 1 KUALA LUMPUR, Thurs. All the five oil companies here are finalising their figures for presentation to the Ministry of Trade and Industry for price adjustments. Once the actual quantum of price increases is computed, the five companies Shell, Exxon. Caltex, Mobil and BP are to156 words
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Article38 1977-02-04 1 HARRISONS and Crosfield Singapore sued Lee Sion Traig and Koh Ngiap Kwan for $54,841.94 yesterday allegedly due under policies of Insurance. A writ was also filed by Lee Wah Bank against Loh Chen Chow for $42,163.38 words
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253 1977-02-04 1 GOLDEN Hope has issued a six-point rebuttal in London to the Gentlng Highlands circular issued to shareholders earlier this week. With only three days to go before Golden holders have to decide whether to turn down their directors' recommendation or accept Genting's takeover offer,253 words
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Article92 1977-02-04 1 AP TURIN, Thurs. Italy's Bowerful Metalworkers' nion has demanded a controlling voice In setting prices for cars produced by Flat a right belonging so far exclusively to management. The demand was part of the union's bargaining platform for negotiations starting soon on a new labour contract forAP - 92 words
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322 1977-02-04 1 ATTEMPTS by the life assurance Industry in Singapore to extract concessions from the Government over tax relief on policy premiums now appear likely to be pursued Infomally rather than through any formal submission. No comment was available last night on behalf of the Life322 words
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Article141 1977-02-04 1 Reuter KUALA LUMPUR. Thurs. The Straits tin price in Penang advanced Mss4 per picul to $1,491, $166 above the International Tin Agreement celling, dealers said. They attributed the sharp rise to fresh buying support, particularly from the US, following a reappraisal of the outlook for theReuter - 141 words
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Article114 1977-02-04 1 ASEAN countries have fixed the amount of foreign participation allowed In their designated projects at 40 per cent. This follows agreement by member countries which gives Singapore the option to allow foreign companies to absorb up to that amount of Its previously agreed 60 per cent ownership114 words
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Article117 1977-02-04 1 Router HONGKONG. Thurs. The Ace Group of »hipping companies said Korean Shipping Corporation has become ita fifth member and will immediately start a containerised service between South Korea and Europe. Hongkong's local chairman of the Ace Group Mr. Wilson Hung, said Korean Shipping, which is a memberRouter - 117 words
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248 1977-02-04 1 Reuter LONDON, Thurs. The Bank of England changed the rules governing its lending rate today and took sole control to prevent interest levels falling too quickly and provoking withdrawals of foreign funds from London. The Bank said its minimum lending rate (MLR) would,Reuter - 248 words
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Article62 1977-02-04 1 THE district court yesterday sentenced three men to jail for a total 14 months for criminally defaming the Prime Minister in election speeches. They are Hwang Ban Cheong, the United Front candidate for Bukit Ho Swee (two months), Wong Kui Yu (four months) and Chan Yang Ling62 words
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298 1977-02-04 1 Reuter LONDON, Thurs. British financier Mr. Jim Slater, who was discharged from a Singapore extradition request last week, today pleaded not guilty to 15 summonses alleging the misuse of more than £4 million(Ssl6 million)of company fun Go. The charges, each of which carriesReuter - 298 words
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299 1977-02-04 1 PAN-MALAYSIA Industries. financially ailing since 1972. has become the second Singapore listed company to be placed in receivership this year. Even then it was not the company, but one of the receivers and managers appointed by Chase Manhattan Bank, who informed the Stock Exchange of299 words
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Page 1 Advertisements
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Advertisement36 1977-02-04 1 Get advanced copying technology. SEE THIS PAGE SEE PAGE 10 SEE PAGE 3 INSIDE Overseas news/ TV A Radio P 3 Local 4k International Co news P 5 Local stocks P 6 Overseas stocks P 736 words
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Advertisement113 1977-02-04 1 Get around fairway problems wftfitfie PGR Par-Ex The set with thew wood The PGA Par-Ex Golf Clubs a breakthrough in golf club design. Take the Par-Ex 7-wood for example. We increased the loft and shaft of this well-constructed club to help you get the ball up for distance. Likewise, the113 words
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Advertisement85 1977-02-04 1 n *****3. *****5 iA *****0. *****6 ***** CHARTERED > D Providing full merchant banking services throughout South East Asia. A merchant bank owned by The Chartered Bank, a member of the Standard Chartered Bank Group, and Arbuthnot Latham Co., Limited, a member of the Accepting Houses Committee in the City85 words
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Page 2 Advertisements
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Advertisement102 1977-02-04 2 I Shareholders of GOLDEN HOPE PLANTATIONS LIMITED are strongly recommended by their Board to accept the HME Merger Proposal s by filling in and posting the green acceptance form already sent to them so that it will arrive at Harrisons and Crosfield, 1 4 Great Tower Street, London EC3R SAB102 words
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OVERSEAS
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943 1977-02-04 3 AP WASHINGTON, Thurs. President Carter told Americans last night It will take sacrifice, thrift and cooperation to weather a permanent energy shortage that the US Government cannot solve "If you are not willing to help." In a fireside chat on a coldAP - 943 words
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181 1977-02-04 3 AP NAIROBI, Thurs. All scheduled services of East African Airways were cancelled yesterday as the financially crippled flag carrier of Kenya, Uganda and Tanzania came apparently to the end of the road after 30 years in business. Airline sources here confirmedAP - 181 words
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Article307 1977-02-04 3 Reuter WASHINGTON, Thurs. Secretary of State Cyrus Vance will begin a visit to the Soviet Union on March 28 to discuss the limitation of strategic arms, It was announced yesterday. Mr. Vance said on Monday, at his first press conference as Secretary of State, thatReuter - 307 words
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Article24 1977-02-04 3 AP BANGKOK, Thurs. Vietnam and Mongolia have signed a protocol on goods exchange and payment, the Vietnam News Agency reported today. AP.AP - 24 words
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Article223 1977-02-04 3 Reuter LONDON. Thurs. The number of strikes in Britain last year was the lowest for 10 years, the Labour Government announced today. The number of working days lost through industrial disputes during last year was almost halved compared with 1975, the figures showed. OnlyReuter - 223 words
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Article287 1977-02-04 3 Reuter PARIS, Thurs. The Western economic summit planned (or this summer Is expected to dominate talks starting here today between West German Chancellor Helmut Schmidt and President Valery Discard d'Estalng. The two leaders who meet regularly every six months will be trying to establish as much commonReuter - 287 words
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Article102 1977-02-04 3 AP JOHANNESBURG, Thurs. Glen Anil Development Corp, a multl-njllllon-dollar real estate company, was placed under a provisional order of liquidation yesterday at its own request. The move could mark one of the biggest single business failures in South Africa's history. David Rubensteln, chairman ofAP - 102 words
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582 1977-02-04 3 UPI PARIS. Thurs. More and more women are working and they even suffered less from unemployment than men during the recession, an authoritative report said today. The Organisation for Economic co-operation and Development, an intergovernmental group that guides the economies of the Industrialised world,UPI - 582 words
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Page 3 Advertisements
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Advertisement294 1977-02-04 3 Which bank works for you around the clock, and around the world We do. Bank of America. Today, when world-.wide money markets and exchange rates change rapidly, the ability to makje on-the-spot decisions quickly is more vital than ever. That's why our internationally known man-on-the-spot service never takes time out294 words
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Page 3 Miscellaneous
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Miscellaneous277 1977-02-04 3 THE WEATHER RADIO TV SINGAPORE 3.00 P.M. Opening Announcements followed by Housewives' Matinee "The Price of Love" (r) with superimposed English/Chinese subtitles. Pt. 2 of a Mandarin film 4.00 Diary of Events (Chinese) 4.05 Beyond Today (r) 4.30 Intermission 6.05 Opening Announcements followed by "Exercise with Gloria" 0 6.30 News277 words
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Page 4 Advertisements
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Advertisement686 1977-02-04 4 ADVERTISEMENT This advertisement is mod. by N.M. Rothschild 4 Sans Limited an beholf of Genting Highlands Hatel Berhad. The directors of Genting have taken all reasonable care ta ensure that the tact stated and opinion expressed herein ore fair and accurate and iorntly and severally accept ,espons,b,l,ty accordingly. TO ALL686 words
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COMPANY NEWS
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777 1977-02-04 5 THE vast estates of Guthrie Corporation, the largest producer of natural rubber In the world, are to be fed gradually Into the Malaysian public company, Guthrie Ropel, over the years to 1990. The assets Involved are worth some Ms3so million which will777 words
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Article453 1977-02-04 5 THANKS to the reduced cost of wheat grains. Khong Guan Flour Milling has chalked up a 54.9 per cent jump in group pre-tax profit to $1.01 minion for the first half-year ended Oct 31, 1976. And evidently the reduction must have been quite substantial as453 words
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COMPANY MEETINGS
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11 1977-02-04 5 Industrial Electronics Engineering Ltd. Feb 10, 3 p.m., 10 A. Commonwealth11 words
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Article16 1977-02-04 5 Feb 16. 12 noon, No. 14 Jalan 223. Section 20 A, Petaling Jaya.16 words
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13 1977-02-04 5 Feb 12, 11 a.m.. No6Tambun Road. Ipoh.13 words
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20 1977-02-04 5 Feb 15, 10 a.m.. Registered Office. Penthouse. 10th Floor, Wisma Central. Jalan Ampang. Kuala Lumpur.20 words
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Article15 1977-02-04 5 Feb 28. 12 noon, at Supreme House (11th Floor). Penang Road. Singapore.15 words
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18 1977-02-04 5 Feb 28, 12.30 p.m., at Supreme House (11th Floor), Penang Road, Singapore.18 words
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Article157 1977-02-04 5 MORE shareholders of UK Incorporated Bekoh Holdings have accepted Kuala Sldlm Rubber's offer to acquire their holdings on the basis of six KSR shares for every five Bekoh shares. Chartered Merchant Bankers Malaysia on behalf of KSR, said In a statement on Feb 2 that it157 words
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Article135 1977-02-04 5 Reuter PARIS, Thurs. The province of Newfoundland Is to enter into an underwriting agreement with a group of banks to float a US$4O million 12-year bond Issue on the International market, a spokesman for lead manager Credit Commercial de Prance said. The bonds are expectedReuter - 135 words
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Article44 1977-02-04 5 KEMAYAN Oil Palm has recently acquired 3,550 hectares of land in East Malaysia for a total consideration of M 5921.056. The company says in a letter to the Kuala Lumpur Stock Exchange that the land will be used for agricultural purposes.44 words
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Article185 1977-02-04 5 Current payment Ex Date Data payable Total for the year Tatalfor previous year Pahang Pref. U.M. Flour Sel. Dredging D. Keramat Ulu Benut N.B. Timber* Strait* Time* Timet Publishing M. Tobacco Idri. Hyd. Tanjong Tin S.P.Textile Rahman Hyd. Yeo Hiap Seng (M) Gopeng Con. Pengkalen Yeo Hiap Seng185 words
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Article1125 1977-02-04 5 On February 2 PRICES on the Chicago Board Options Exchange declined on Wednesday as losers topped gainers, 292 to 168. Turnover approximated 77,449 contracts, compared with 80,218 contracts on Tuesday. OPTION APL JLY OCT STOCK Alcoa SO 3 3/8 5 1/8 UNTRD 51 7/8 Alcoa 60 5/161,125 words
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Article250 1977-02-04 5 NEW YORK, Thurs. The precipitate fall In sterling depressed net profit at American Brands last year, with earnings falling 18 per cent to US$l22 million ($148.5 million). In the fourth quarter, net Eroflt fell 21 per cent to 20.5 million ($25.9 million). However, the setback here was250 words
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Article59 1977-02-04 5 TOKYO, Thurs. On a 33.5 per. cent sales rise, Sanyo Electric has raised after-tax Eroflt by 60.2 per cent to 9.26 illlon yen from 5.78 billion yen in the year ended Nov 30. 1976. Sales rose to 467.59 billion yen from 350.21 billion yen last time. Despite the profit59 words
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Article199 1977-02-04 5 NEW YORK, Thurs. The slide noted In the third quarter at Greyhound has continued at a greater pace In the last months of 1978. It suffered a 24 per cent fall In fourth quarter net profit to US$l9 million ($25 million) compared with the 11.4 per cent drop199 words
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Article340 1977-02-04 5 NEW YORK, Thurs. United California Bank has reported a 24 per cent Increase in operating profit to U5534.06 million In 1976, or $4.67 per share, from $27.36 million, or $3.75 per share previously. Net income after securities transactions was $32.53 million or $4.46 per share,340 words
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Article169 1977-02-04 5 Reuter NEW YORK, Thurs. American Telephone and Telegraph said its aim is a further improvement in earnings in 1977 from the gains recorded in 1976. It said the Improvement in 1976 restores the trend Interrupted by the recession, adding that 1976 net represented onlyReuter - 169 words
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Article107 1977-02-04 5 Reuter HONGKONG, Thurs. Tal Cheung Properties and Y. Lee Enterprises said they are holding talks which may lead to Tal Cheung making an offer for the shares It does not already own In Y. Lee. Tal Cheung currently owns about 37 per cent of Y.Reuter - 107 words
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Article63 1977-02-04 5 Reuter FRANKFURT, Thurs. Nippon Paint 30 million mark convertible private placement will have an eight year maturity and probably carry a six per cent coupon and par issue price, lead manager Bepllner Handels-und Frankfurter Bank said. Details. Including conversion price, will be fixed on Feb 8. The loanReuter - 63 words
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Article447 1977-02-04 5 MOTOR COMPONENTS PARIS. Thurs. Two French motor component suppliers have agreed to merge to form the first real giant In this hitherto fragmanted Industry. They are Clble, Paris-Rhone, with a Frs.3so million turnover, and SEV-Marchal which is part of the Frs.4 billion a year Ferodo group.447 words
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234 1977-02-04 5 Reuter MELBOURNE, Thurs. A consortium led by Conzlnc Rlotlnto of Australia (CRA) made a potentially economic diamond discovery in the Kimberley region of Western Australia, Northern Mining Corp said. It said in a statement to the Melbourne Stock Exchange the 1976 diamond exploration programme foundReuter - 234 words
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Article116 1977-02-04 5 NEW YORK, Thurs. Union Carbide Corp said It is spending US$l5O million on its petrochemical complex in Antwerp. Belgium. The company said it is replacing a low-density polyethylene plant severely damaged by an explosion In 1975, and start-up of the new 130.000 tonne per year plant is116 words
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Article35 1977-02-04 5 MONTREAL, Thurs. Alcan Aluminium has doubled its common quarterly dividend to 20 US cents from 10 cents. The dividend is payable on March 7 to shareholders of record on Feb 16, the company said.35 words
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Article125 1977-02-04 5 Reuter LONDON. Thurs. Burmah Oil said it signed a definitive agreement with General Dynamics Corp for 25 year time-charters for five 125.000 cubic metre liquid natural gas vessels. The first issue government guaranteed ship financing notes and bonds totalling USS2SO million has been made by GeneralReuter - 125 words
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Article62 1977-02-04 5 VANCOUVER. Thurs. MacMillan Bloedel said it will resume quarterly dividend payouts at the rate of 10 US cents a quarter. A dividend of 10 cents will be paid on the Issued ordinary shares on March 15 to shareholders on record on Feb 22. the company said. In October,62 words
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Page 5 Advertisements
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Advertisement60 1977-02-04 5 Business Opportunity TIMBCH CONCESSION 240.000 acres of prime Timberland In Pantal Acheh Barat close to the town of Meulaboh and the port of Susoh (near Medan). Sumatra Is available for very long term leasing at a really attractive price. Genuine parties (no brokers) please write In before 11.2 77 to:60 words
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Advertisement70 1977-02-04 5 This announcement appears as a matter of record only. February 1077. GENTING HIGHLANDS HOTEL BERHAD CREDIT FACILITY OF M 5160,000,000 Managed by 4SE4MMNKERS M4L4YSM Provided by ASEAMBANKERS MALAYSIA ASIAN INTERNATIONAL MERCHANT BANKERS BERHAD BANGKOK BANK LIMITED BANK BUMIPUTRA MALAYSIA BERHAD KWONG YIK BANK BERHAD MALAYAN BANKING BERHAD MALAYAN FINANCE CORPORATION70 words
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Article2031 1977-02-04 6 Gr* Gr'» N«t U7VT7 Last div Div y'ld P/E Vol Day High Low Company Sale +or- c'vr C00®) Hick Low SECTION ONE INDUSTRIALS 175* 133 Acma 141 1 12.ON 1.1 8.5 7.1 3 141 141 206 172 Alcom 204 20.0 1.3 9.8 13.0 100 60 Allied Choc2,031 words
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Article1203 1977-02-04 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett." Big Board1,203 words
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Article1234 1977-02-04 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified Industrials Aetna (1.428 1 45S> (1) 1.43. A. Tap* <0 41 IB1,234 words
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Article200 1977-02-04 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. D.B.S. (June $3 90) (0 278 0.285) (1) 0.27. (7) 0.28. (12) 0.274. (Sept $3200 words
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Article161 1977-02-04 6 SINGAPORE I NIT TRUST INCOME BOM) UNIT (Managers' prices for Frb 4) (Current prices) The Commerce 175 1.85 INCOME BOND 1.10 1.16 The Saving Fund 0 95 1 00 >1AKA HUMIPUTRA FUND S'pore Prog Fund 0 82 0 87 (Managers' prices for Feb. 4) S pore Security Fund161 words
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Article165 1977-02-04 6 B O T 8 \m lUK I (100.000) (102 7 .8 103SS) I) B S X \m ISB2 (100,000) (99 7 .8 100 S *S) DBS Converts fi MYk I SSI (100.000) (96'<B 975) E I BW ISS2 (100.000) (102 SB 103 SS) K I B 8 I/4K165 words
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Article105 1977-02-04 6 5 1/2* 1/12/77 (1.000.000) (101 408 101.60S) 5 I *V% 15/4/78 (1,000.000) (*****8 101.775) 3 I/2S 15/J/78 (1.000 000K 1)101.73 5 I/I i 15/7/78 (1,000.000) (101.488 101.555) fi I/254 15/8/78 1.000.000) (103 308 103.505) 5 MZ% I/10/77-7S (1.000,000) (101.558 101.70S) 5 1/47, 15/10/79 (1,000,000) (101. OOB) fi105 words
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Page 6 Advertisements
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Advertisement143 1977-02-04 6 found only in the best company... Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modern Business143 words
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Article477 1977-02-04 7 SHARES held from steady to firm after a weak opening at the Stock Exchange of Singapore yesterday. On the options hoard, trading conditions turned firmer with very good premiums attending. PanElectric for one commanded a premium of more than 10 per cent on the June option. No477 words
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Article87 1977-02-04 7 JANUARY turnover (in '000) on Stock Exchange of Singapore. Volume Value Industrials: 36.883 $69,155 Finance: 6.513 $27,987 Hotels: 1,182 $3,010 Properties: 3,929 $4,840 Loans: 1.245 $1,201 Oil Palms: 202 $199 Tins: 184 $603 Rubbers. 704 $1,233 Total 50,842 $108,228 MOST ACTIVE JANUARY STOCKS: Haw Par (9,729,000); Central Sugars87 words
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Article371 1977-02-04 7 SHARES continued to mark time in low volume trading on the Kuala Lumpur stock market yesterday. The trend at best was barely steady with trading confined to a handful of market favourites, including most banking stocks. Price gains among these stocks were only marginal and371 words
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Article76 1977-02-04 7 Reuter FRANKFURT, Thurs. Swedish state holding company Statsforetag is planning a 100 million mark eight year Eurobond, probably at seven per cent with a 99'/* per cent Issue price, bond market sources said. The issue has an early redemption feature and the lead manager is Dresdner Bank. The RepublicReuter - 76 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1204 1977-02-04 7 NEW YORK: Stock prices backed off gradually amid continued concern about the economic Implications of the cold weather on Wednesday. Caution ahead of President Carter's televised address in the evening also was said to be part of the reason for the market's sluggishness. Talk In Washington about the1,204 words
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Article318 1977-02-04 7 TORONTO: Oalns among oil Issues offset losses among the metals as the composite Index rose 1.4 points at the close of light trading on Wednesday. Industrial Issues closed broadly mixed, with the 10 sub-Indices evenly divided. Among the major changes, Banister Continental advanced at 14%, Woodward Store* 'A' at318 words
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Article302 1977-02-04 7 AMSTERDAM: The market rose over a broad front led by Royal Dutch on Wednesday. Insurances with the exception of slightly lower Amfa* featured gains elsewhere. Pakhoed Van Ommeren and Fokker also showed small gains. Of the two paper firms which said they were studying a merger, KNP fell 1.50302 words
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Article376 1977-02-04 7 PARIS: The market on Wednesday was slightly firmer on balance, helped by a statement by French President Valery Glscard d'Estalng he will see through his term of office even if the opposition left-wing coalition wins next year's parliamentary elections, dealers said. Foods, engineerings, printings and electrlcals were slightly firmer,376 words
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Article430 1977-02-04 7 SYDNEY: Uranium stocks rose sharply on Thursday following a union uecision opposing any bans on uranium mining, dealers said. The Sydney All-Ordlnarles Index fell 0.17 point to 439.82. Mary Kathleen gained 13 cents to 46 cents and Pan-Continental 70 cents to 8.50. and Ocean Resource*. Kathleen and Qld Mine*430 words
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Article148 1977-02-04 7 BRUSSELS: Shares closed mixed in quiet trading, bourse sources said. Tabacofina, Arbed and Finoutrcmer rose while Geomine*. FN and Wafona Lata were lower. Golds were easier US shares were mixed, French and German little changed, although Siemena firmed, and Dutch stocks were mostly higher. Petroflna and Its US unit148 words
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Article310 1977-02-04 7 FRANKFURT: Shares firmed generally on renewed buying by Institutions, including foreign Investors, with demand partly prompted by the 4.5 per cent rise in German industrial orders in December on Wednesday, dealers said. Engineering rose two to five marks, led by Linde. Deutsche Bank and Baveriache Verein*bank rose 3 50310 words
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Article105 1977-02-04 7 ►"KB M Pesos Acoje Mining .018 ♦0 0005 Atlas Con A 32 50 +0.25 Atlas Con B. 32 50 unch BaguioGold .015 unch Benguet Con B 15 50 -0.5 BF Goodrich CDCP IncoB .011 ♦0 0005 l-epanto B 1675 ♦0 0025 Marlnduque B 8 70 +0.4 Meralco 4 00105 words
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Article425 1977-02-04 7 HONGKONG: The market closed slightly higher on Thursday. with a little more Interest shown than on Thursday, but no fresh (actors evident, dealers said. The Han* Seng Index rose 0.81 point to 433 39 1 hina Light rose 20 cents to $19.70 while Hulrhi«on Boag, East Asia Navigation and425 words
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Article153 1977-02-04 7 MILAN: The market closed on Wednesday, generally easier In thin trading, dealers said. All leading industrials lost ground while Mountediaon's trading results were announced too late to have any market impact. Olivetti Privileged and Snia Viscosa. were slightly firmer against the trend. Assicurationi Generali was steadier while flnanclals and153 words
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Article408 1977-02-04 7 JOHANNESBURG: Golds were quietly easier as European bullion prices eased, while elsewhere. industrials eased in active trading on Wednesday. Financial minings were fairly active and mixed with Amcoi five cents firmer at 740 and Johnnies SO cents off at 2300. De Beers gained two cents to 387 (385) after408 words
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Article83 1977-02-04 7 1 Kit ill Bahts Asia rihrf 121 unch Bangkok Kink 249 Bangkok Invent ltrft Bangkok-Metro-politan H.ink 2600 Bata 37IS UIM it Berll .flicker lfl£ M Charoong Thai Wire 163 unch Dumex Duslt Thanl Faber Merlin First Trust Indo-Thal J And J Ho 191 -1 Jalaprathan Cement 84 -1 Karnasuta83 words
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Article524 1977-02-04 7 TOKYO: Prices closed lower on Thursday as late profit taking and liquidations more than offset Initial gains dealers said. The Dow Jones average lost 25.37 to close at 5,046.60 with volume 360 million shares The New index closed at 380 46, down 0.60. The average reached a year's high524 words
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Article71 1977-02-04 7 FINANCIAL TIMES INDUSTRIALS Wednesday. 406.1 Tuesday 395 9 Week ago 381 6 DOW JONES AVERAGE INDUSTRIALS Wednesday 952.7M Tuesday 958 3« Week Ago 958.53 LONDON DOLLAR PREMIUM Wednesday lOl'i to 102" Tuesday 101*4 to 102'^.. H.K. HANG SENG Wednesday 432.58 Tuesday 431 02 Week ago 438 01 SYDNEY INDUSTRIALS71 words
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Article260 1977-02-04 7 ZURICH: The market closed very steady on light volume on Wednesday. Sentiment was aided by firmer NYSE. Banks, flnancials and insurances posted small gains. Landis Registered, both OerlikonBuehrle and Hoiderbank firmed slightly. Zurich Registered eased. Leading Industrials ruled predominantly firmer led by Ciba-Geigy and Aluauiaae. BBC, Holsstoff and Rinsos260 words
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Advertisement348 1977-02-04 7 1 Yes, Penguin books are not to be found in any ordinary shop. ot in ,lttle roac l*side sta"s- Heavens, certainly not in the pasar ma/am! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational fflEi amsmSlL qU te un,ike the348 words
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COMMODITY REPORTS AND PRICES
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Article663 1977-02-04 8 FOLLOWING Wednesday's after close's easier tendency, the Singapore rubber market yesterday started 0.75 cent lower, but sellers were reluctant at the new level. Values subsequently gained one cent In very quiet trading conditions. Short-covering demand was one of the stabilising factors. Isolated offerings were evident towards the morning663 words
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Article102 1977-02-04 8 DAILY SSR and SMR prices at noon yesterday tet». Mar. (Current Mth) (For wnni Mth) Bayers Sellers Buyers Sellers R.A.S. (cents per kf) (cet Us jerk®) SSR 20 (1—ton Pallet) 187.00 188.008 188.50 189.SON SSR 50 (1—ton Pallet) 184.50 185 50N 184.00 187 OON M R E.L.B102 words
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Article222 1977-02-04 8 THE Straits tin price In Penang yesterday was up 154 to $1,491 on an official offering up 31 tonnes to 187 tonnes. In LONDON yesterday, tin advanced by £145 for Cash and £150 for Three Months in both contracts at the mid-day closing. The movement was touched off222 words
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Article30 1977-02-04 8 Rubber: Feb 3 Singapore: Feb. 197.00 cU (up 0.25 cU.) Malaysia: Feb. 202.75 cts (up 0.75 cts) Tin: $1,491.00 (up $54.00) Official offering: 187 tonnes (up 31 tonnes)30 words
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Article37 1977-02-04 8 LONDON, Thurs. Lead rose bv £3.50 for Cash and £4 for Three Months on Wednesday afternoon. This metal was quiet in line with the general mood and price movements were small. Sales were only 500 tonnes.37 words
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Article34 1977-02-04 8 LONDON, Thurs. Zinc finished mostly 1 per tonne higher on Wednesday afternoon. Slow trading per- sisted around the £422 per tonne level for Three Months but sales of 1,250 tonnes were mainly carries.34 words
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Article118 1977-02-04 8 THE following Palm Oil price® were quoted In London on Wednesday The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated. Wednesday Pre*. Malaysia 5% ffa bulk Apl/May Sumatra 5* Jan Feb Mar Apl May Afloat Nigerian 5H ffa built Sterling per118 words
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Article271 1977-02-04 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil Bulk **5 sellers, old drum $90 sellers, new drum W5 sellers Copra Mixed (loose) UK/Cont. *54 buyers Pepper Muntok AST A white t.o.b. 100% NLW 1347 1/2 sellers. Sarawak white fob 96% NLW *327 1/2 sellers.271 words
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Article329 1977-02-04 8 IN the Singapore gold market yesterday, the kllobar was quoted In a narrow range of 8510,580 to $10,595. The loco London gold stayed at U*****.50/133.00 in a very thin and quiet market. The London morning fix was U*****.60, up $0.50 on the previous fix. fBTSI&SSS Chinese Gold and Silver329 words
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Article314 1977-02-04 8 LONDON, Thurs. Copper wlrebars rose by £10 per tonne all round. The steady overnight close at New York gave the market a (resh boost In pre-rtng dealings, with additional support subsequently stemming from the strength In tin. dealers said. Reports of some UK and continental physical demand also aided314 words
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Article38 1977-02-04 8 THE Malaysian Minister of Finance has fixed the customs duty on palm oil for the period from Feb. 1 until further notice. Palm Oil: $1,082.5246 a ton. Duty payable: $213.36 a ton Surcharge: $43.08 a ton.38 words
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Article371 1977-02-04 8 LONDON, Thurs Robusta futures met good two-way trading during the opening call, with the near positions trading within a £10 range. At end-call, values were £12 lower to £17 per tonne higher, compared to Wednesday night, with the tone steady. Gains were In the more forward positions which were371 words
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Article112 1977-02-04 8 CHICAGO, Wed. Soybean futures closed with losses of 2V4 cents to 5% cents a bushel on a light trading volume. With a lack of significant fresh news In the market, prices were depressed by speculative selling generated by continued concern over the weatherrelated transportation problems which are curtailing grain112 words
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Article135 1977-02-04 8 CHICAGO, Wed. Wheat futures closed with losses of 1 1/4 to 1/2 cent a bushel on a light trade which kept rice movement within a twocent range. Light speculative selling pressure was generated by weakness In soybean and corn futures, with the USDA forecast of record world wheat production135 words
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Article138 1977-02-04 8 LONDON, Thurs. Spot silver closed around 0.50 pence higher on Wednesday afternoon, at 259.00/280.00 pence per ounce in relatively quiet trading, dealers said. Three Months closed around 287.50/288.50 pence. The metal price edged higher throughout the day after opening lower at 258/259 pence and being fixed at 259.10 pence138 words
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Article307 1977-02-04 8 LONDON, Thurs Terminal opened steady, with light trade selling well absorbed around £0.70 to £0.85 below Wednesday's close. Sales totalled 1,188 lots. Dealers said last night's Peruvian sale of 30,000 tonnes of June/ July shipment raws made little direct impact here, although there was some nervousness on the kerb307 words
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Article216 1977-02-04 8 BANGKOK, Thurs. Indicative prices for rice quoted in Bangkok yesterday were: US dollars per tonne fob basis Bangkok. 100 oer cent lrt etas* 282 100 per cent 2nd 267 100 per cent 3rd 262 5 per cent 254 10 per cent 233 15 per cent 230 20 per cent216 words
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MONEY AND EXCHANGES
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Article554 1977-02-04 8 INTEREST rates In the Singapore domestic money market yesterday showed signs of tightening with the approaching Chinese New Year festive season, and the overnight rate hit the day's high of four per cent. From the opening level of 2* per cent to 2 K per cent, overnight funds steadily554 words
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Article175 1977-02-04 8 Asian rates ASIAN currency depot!t Interbank rates as at close on Feb 3 US Dolla r» <S*«) Offer BU 7 days 1 mth 2 mths 3 mths 8 mths mths 12m'.hs 4 3/4' 4 7/8 5 1/16 5 3/16 5 3/4 6 6 1/4 4 5/8 4 3/4 4 15/16175 words
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Article53 1977-02-04 8 RANOE of price* offered by discount house* on Feb 3. Overnight 2 to 3* Call deposit 2M to 3"* CMn Buy Selling 3-month Trasury bills 3 1/1* 2 15/1# 3-Month Bank bills 4 3 7/1 3-Month CD 4 1/4 4 1/1* •-Month CD 4 1/2 4 1/B Source:53 words
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Article51 1977-02-04 8 Minimum lending rates (in ACBC Algemene Bank 6* Bangkok Bank 7* Bank of America 6* Bank of China ..7 Bank of Tokyo 6* Bank Negara First Chicago Citibank HSBC 1 Indosaex 0* Malayan Banking Mitsui Bank 6* OCBC OUB W Chartered Bank Chaee Manhattan A* DBS UCB 2 UMBC T51 words
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Article242 1977-02-04 8 LONDON. Thurs. The dollar opened slightly higher in Europe, although it was restrained by concern over the severe US winter and apparent apprehension in some quarters about New York's financial problems, dealers said. Sterling fell slightly to $1.7149/52 initially from $1.7162.64 overnight. The Bank of England was intervening in242 words
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Article163 1977-02-04 8 NEW YORK, Wed. The dollar closed slightly weaker after an opening rally fizzled In a quiet afternoon trading session dominated by a sharp rise in the Canadian dollar, dealers said. The dollar remains fundamentally strong although slightly undermined by continuing concern about the short-term impact of the severe163 words
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Article143 1977-02-04 8 TOKYO, Thurs..— The US unit for overnight delivery edged higher in quiet trading to close at 288.10 yen compared with 287.93 yen at yesterday's close, though unchanged from its opening level, dealers said. They said banks bought dollars to cover needs for import settlement, absorbing sales of dollar export143 words
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Article127 1977-02-04 8 HONGKONG, Thurs. The US dollar traded around the HK54.6520/40 all day in quiet trading, slightly lower than Wednesday's late $4.6530/50, dealers said. It rose slightly to 2.4170/80 marks, after opening around New York levels at 2.4165/70. There was little interest shown, with operators weighing up the economic Impact of127 words
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Article156 1977-02-04 8 Euro rates LONDON, Thurs. Near period Eurodollar deposits opened higher, reflecting the loss of the Friday dealings technicality, with shorts tending slightly easier where changed. The recent quiet trend continued in early period trading, with rollovers small and general interest, light. Dealers noted a slightly softer undertone, with funds tending156 words
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Article47 1977-02-04 8 AUSTRALIA/NZ exchanges quoted on Feb 3. Australia: Sterling 0.6367/0.6299. US dollar 1.0896/1.0848 Ninety-day air mail buying rates: Sterling 0.6644. US dollars 1.1155 Ninety-day forward buying rates: Sterling 0.6512 US dollars 1.0931 New Zealand: Sterling 0.5552/0.5521 US dollar 0.9575/0.9475 Ninety-day forward rate: Sterling 0.5878 US dollar 0.976047 words
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Article49 1977-02-04 8 ZURICH exchanges closing quotes on Feb 2 US 2.5173-5181 UK 4.3180-3220 Can 2.4550-4565 W Germ 103.97-104.04 Neth 99.43-53 France 50.56-60 Belg 6.77-3/4 78-3/4 Denm 42.45 49 Norw 47.33 37 Swed 59.05 10 Italy 0.2854 2856 Austria 14.63 66 Port 7.78-80 Spain 3.65-1/2 66 Arg 0.85-1.00 Japan 0.87-1/2 8849 words
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Article33 1977-02-04 8 FRANKFURT exchanges opening quotes on Feb 3 US 2.4175/90 2.400/10) Can 2.3670/90 UK 4.143/158 Neth 95.55/70 Switz 96.03/18 Italy 2.735/750 France 48.58/73 Norw 45.52/62 Belg com 6.51/53 Belg fin 6.50/52 Japan 0.8385/840033 words
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Article275 1977-02-04 8 LONDON. Thurs Dollar bonds lost 1/4 point In slow business, following the easier trend in New York last night, dealers said. They said the large number of unplaced bonds in the primary market sector, is also helping to push prices lower in the after market. Eurobond price* quoted275 words
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Advertisement161 1977-02-04 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times 5 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 (excluding161 words
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TRANSPORT AND COMMUNICATIONS
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339 1977-02-04 9 LONDON, Thursday Reuter LONDON, Thurs. British Petroleum managing director Mr. Peter Walters said overall equilibrium of supply and demand in the tanker market is unlikely to be achieved before the mid1980's. He told a shipping conference BP estimates a tanker surplus of over 100 millionReuter - 339 words
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973 1977-02-04 9 JACK GEE - JACK GEE REPORTS FROM LONDON Both East African Airways and Air Afrique, Africa's multinational airlines are beset with internal wrangles over politics and payments for services. East African Airways has narrowly averted being disbanded, and the future for Air Afrique also looks rocky.Financial Times - 973 words
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Article, Illustration320 1977-02-04 9 ARRIVALS TODAY KEPPEL WHARVES Bracclano (1500) 3/4 Bunga Mas (1200 after Klmanls subject free board) 18 Dong Kwang (1900 after Hosel Maru) 45 King Lake (after Temburong subject free board) 22 Nlssel Maru (JOCV Car Carrier 1500 38 Rajah Brooke (0600 21 East Toyo Maru No. 30 (Car320 words
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996 1977-02-04 9 TERESA LIM - By TERESA LIM NOT many people bother i much about the United Nations' Convention on a Code of Conduct for Liner Conferences these days, and yet the Issue is still a very Important one. The Liner Code recognises the fact that996 words
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556 1977-02-04 9 Reuter MOSCOW, Thurs. Soviet planners seem set to revive a scheme to build the world's t longest canal to divert Arctic-bound water to Irrigate southern deserts. Agricultural setbacks like a disastrous grain harvest in 1975 have underlined the need for more arable landReuter - 556 words
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Article168 1977-02-04 9 AP LONDON, Thurs. North American grain chartering became outwardly more active on the London freight market yesterday as confirmation of several fixtures happened to coincide. But uncertainty still hung over US Gulf and US Atlantic coast cargo availability because persistent freezing weather conditions have made difficult theAP - 168 words
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Article611 1977-02-04 9 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKG OA OA472 0200 SYD/MEL MAS MH682 0810 KCH PAA PA841 0950 SFO/HNL/CUM JAL JL712 1000 HLP SIA SQ211 1010 HLP OIA GA980 1030 HLP OIA GA908 1100 MES PAL PR501 1115 MNL KLM KL833 1150 AMS/ATH/611 words
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Article80 1977-02-04 9 UPI TOKYO, Thurs. The Shipbuilders' Association of Japan (SAJ) announced yesterday new ship orders won by Japanese shipyards in 1976 were almost unchanged In tonnage from 1975 but were a little higher In value. SAJ said Japanese shipyards won contracts for 650 vessels with gross tonnage ofUPI - 80 words
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Article149 1977-02-04 9 UPI TOKYO, Thurs. Heavy snowfalls have seriously disrupted train services on the Japanese National Railways (JNR) this winter in northern Japan and areas facing the Japan Sea, JNR officials said today. The officials said 11,867 passenger and freight train runs were cancelled due to snowfall sinceUPI - 149 words
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Page 9 Advertisements
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Advertisement113 1977-02-04 9 FEBRUARY 8 11,1977 12.00 NOON 7.00 P.M. ExKutivn and technicians from local industries and governmant aganciot ara welcome to this exhibition. Poaturod will bo a wido rango of tho latest generation, transmission and distribution equipment for electric energy systems. A number of the 28 U.S. manufacturers exhibiting are among the113 words
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Article, Illustration1875 1977-02-04 10 BARRY JAMES - By BARRY JAMES UPI in Brussels SELDOM In its 28-year history has the North Atlantic Treaty Organisation been faced with such a bewildering array of challenges and options on defence. This could mean a new and unprecedented expensive round of arms proliferation in Europe as WesternUPI - 1,875 words
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Article1025 1977-02-04 10 BARBARA CASSASUS - By BARBARA CASSASUS Financial Times OMAN'S HALCYON days are over and competition for foreign businessmen is going to be tougher than ever, at least for the foreseeable future. After five years of remarkable growth which left frequent visitors and even residents in a state ofFinancial Times - 1,025 words
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Article1035 1977-02-04 10 GILES MERRITT - By GILES MERRITT Financial Times BALLIVOR is a grey, straggling village in County Meath that boasts little more than a couple of pubs, a brace of petrol pumps, a church and a clutch of grim houses Its single, main street is the country roadFinancial Times - 1,035 words
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553 1977-02-04 10 SOH TIANG KENG - Bankers' acceptances will spur expansion of Asian market By SOH TIANG KENG CREATION of bankers' acceptances will give more depth and sophistication to Singapore's financial markets. These negotiable financial Instruments will give banks greater flexibility by providing them more liquidity to finance international trade. Bankers acceptances are simply bills accepted553 words
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Advertisement15 1977-02-04 10 Find the pick of the paperbacks in O rsiPan > L-JLI Books Times Distributors Sdn. Bhd.15 words
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OVERSEAS
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Article382 1977-02-04 11 AP TOKYO, Thurs. 'Japan will try to avoid "concentrated exporting" of a particular kind of Japanese product to a specific country. Prime Minister Takeo Fukuda said yesterday. Mr. Fukuda said heavy concentration which he referred to as "localised downpour," a popular Japanese expression for suchAP - 382 words
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192 1977-02-04 11 UPI TOKYO, Thurs. The Japanese Government predicted today that the i country's gross National Product fONPi will amount to US$642 billion (551,540 billion) during fiscal 1977 starting April. The predicted GNP figure, which consists of consumer spending, government expenditures and private investment, willUPI - 192 words
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356 1977-02-04 11 5 K. LUMPUR, Thurs. THE Insurance Brokers' Association of Malaysia has opposed the proposed fire tariff and says its implementation will be detrimental to the locally-capi-talised companies. The tariff, which will come into force on April 1, has been formulated by an expert engaged by356 words
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139 1977-02-04 11 EXHIBITORS from Asia. Europe and the United States will be converging in Singapore on April 26 1978, when Food Asia, a four-day food and catering equipment show opens. The organisers. Singapore Exhibition Services, recently held a lunch for local and overseas trading companies based in139 words
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Article88 1977-02-04 11 AN EXHIBITION of electric generation, transmission and distribution equipment from 30 US manufacturers, featuring the latest in American technology, will be held at the US Trade Centre at Somerset Road for five days beginning on Monday. The organisers believe that industries and utilities authorities in Singapore and the88 words
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415 1977-02-04 11 Reuter MANILA, Thurs. A planned recruitment campaign in the United States for experts for the Asian Development Bank here could be hampered by the country's new income tax laws covering nationals serving overseas, bank sources said yesterday. They fear thatReuter - 415 words
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339 1977-02-04 11 Reuter COLOMBO, Thurs. Sri Lanka's Communist Party, which has a voice in government, said yesterday it would campaign for nationalisation of the entire banking system and several large firms. With parliamentary elections due before next May, the central committee of the Moscow-orientedReuter - 339 words
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Article, Illustration544 1977-02-04 11 NEW DELIH. Thura UPI AGRICULTURE Minister Jagjilvan Ram's resignation from the government and the ruling Congress Party has plunged Prime Minister Indira Gandhi Into a deep political crisis. In magnitude and dimension, the crisis is the most serious she has faced in herUPI - 544 words
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Article, Illustration423 1977-02-04 11 KUALA LUMPUR: Thursday MALAYSIA'S trade surplus for the first 10 months of 1976 hit the $3 billion mark with exports of $10.8 billion and Imports of $7.8 billion. For the month of October the surplus amounted to almost $480 million. The surplus for the same423 words
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Page 11 Advertisements
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Advertisement659 1977-02-04 11 APPOINTMENTS r f V X is in the process of expanding its overseas offices this year and offers excellent career opportunities for highly experienced executives with the appropriate banking background to take up the following appointments. Selected candidates for each of the positions will be initially employed in Singapore but659 words
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Advertisement138 1977-02-04 11 PUBLIC RELATIONS MANAGER A major public Company invites applications for the position of Public Relations Manager. A background in journalism, law and/or public relations work would be advantageous, but of most importance is a demonstrable understanding of the communications process and an ability to communicate both orally and in written138 words
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401 1977-02-04 12 PENANG, Thurs. Thai Foreign Minister Dr. Upadit Pachariyangkun arrived here today from Bangkok for a one-day visit on his way to Kuala Lumpur where he is expected to finalise a new border agreement which will allow troops of the two countries to401 words
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Article741 1977-02-04 12 LONDON. Thurs. The Bank of England move to halt the slide In Interest rates checked the market's continuing uptrend, but government bonds still finished about a point up among short dated loans while longer maturities showed net rises of 1/4. having shown swings of up to one point741 words
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290 1977-02-04 12 WITH just seven days to go before closing date for applications for the next construction trade course, only 250 applications have been received. This is barely a third of the 730 places available under the scheme this year. Mr. Ahmad Mattar, Parliamentary Secretary290 words
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Article513 1977-02-04 12 WINGS CLIPPED FOREVER? AP BANGKOK. Thurs. The Thai Cabinet revoked the operating licence of troubled Air Slam today, dealing Thailand's second international airline a major probably mortal blow. An airline spokesman had no comment but said a news conference would be held tomorrow morning. TheAP - 513 words
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440 1977-02-04 12 Reuter TOKYO, Thurs. Japan understands that President Carter has no immediate plans to withdraw US ground troops from South Korea, a Foreign Ministry spokesman said today. The spokesman was giving the first official Japanese assessment of talks here on Monday and TuesdayReuter - 440 words
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384 1977-02-04 12 Reuter TOKYO, Thurs. The Australian bulk iron ore carrier Australia Prospector is to be allowed to make two sailings from Australia on "very tough" Japanese conditions. an Australian National Lines (ANL) spokesman said after weeklong talks with representatives of Japanese steel mills aboutReuter - 384 words
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341 1977-02-04 12 THE Stock Exchange of Singapore (SES) does vet the proposed scrip Issues of Singapore listed companies. The SES told Business Times that under the requirements in the Listing Manual all companies wishing to make a bonus issue must seek the approval of the Exchange,341 words
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254 1977-02-04 12 THE National Trades Union Congress and Its affiliated unions will be Invited to manage and run Government-built creches In a concerted drive to free more women for work. The Minister of Labour, Mr. Ong Pang Boon, said this yesterday when he opened254 words
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573 1977-02-04 12 THE days when Singapore companies could raise funds on the basis of "whom" they knew are giving way to a more professional era, when It is "what" they know of capital markets that matters most. As a result, those who understand business finance will573 words
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Article, Illustration197 1977-02-04 12 Reuter MANILA, Thurs. Philippine Foreign Secretary Carlos Romulo (above) today underscored the importance of dialogues between Asean and developed countries. In a speech before the first formal meeting of Asean and Canadian officials, Mr. Romulo said such dialogues "will accelerate broader consultations amongReuter - 197 words
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Article51 1977-02-04 12 Reuter NEW DELHI. Thurs. Voting in India's general election will take place on March 16. 18. 19 and 20, the election commission announced yesterday. While some states will have the election on one day, other larger and more populous areas will vote over two or three days.Reuter - 51 words
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391 1977-02-04 12 THE receivers of Far Eastern Hotels Development Ltd (FEH) have announced that a second and final extension of 14 days has been granted to the directors of the company to produce a Statement of Affairs setting out the financial position of the391 words
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Article147 1977-02-04 12 THE recent setting up of a high-rise unit within the Singapore Fire Brigade is a logical step, considering the number of such buildings mushrooming all over the Republic. The Ministry of Social Affairs, in a statement issued yesterday, stated that the unit's services and147 words
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Article84 1977-02-04 12 AN American company has come up with an office device t,hat will eliminate "overhearing" and "eavesdropping" problems. Medical International Company of New Jersey In the US recently announced the development of the Series 70 Conversational Privacy Systems, a modular design which will create an electronically generated84 words
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Article62 1977-02-04 12 Reuter BANGKOK, Thurs. The chief government spokes- 1 man today denied rumours circulating in Bangkok that t Prime Minister Thanin i Kraivichien was about to 1 resign. In a statement at a Government House briefing, spokesman Duslt Siriwan also denied reports that a Cabinet reshuffle was ImminentReuter - 62 words
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Advertisement57 1977-02-04 12 t fa French restaurant that truly flatters your taste for the finest In food, service and quiet entertainment Dine by candlelight on exquisite fTench fare And dance to soft music by Fhc Belvedere 1 rio C ome to The Belvedere Singapore's I rench restaurant par excellence 4 > l «>i57 words
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Advertisement300 1977-02-04 12 Management Development Programmes 1977 Recognising the widely felt need in both public and private sectors for training courses to assist in the task of management development, PA now offers its new series of Management Development Programmes for 1977. For these courses, PA has drawn heavily on the materials of PA's300 words
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