The Business Times, 22 February 1977

Microfilm: NL8986
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, FEBRUARY 22, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon Flash flood havoc
      72 1 UPI MANILA, Mon. Off-season rains since last week have sent flash floods rampaging In at least six provinces south of Manila illllng one person and rendering nearly 4,000 others homeless, official reports said today. The Philippine National Red Cross said floods were reported In the provinces of
      UPI  -  72 words
    • Article
      Supreme meeting
      80 1 KUALA LUMPUR, Mon. Umno and the National Front Supreme Councils are to meet here next month to discuss current political developments in the country, sources revealed here today. Four major issues will dominate the meeting. They Include the expulsions of former Deputy Ministers Datuk Abdullah Ahmad and Enclk
      80 words
    • Article
      Lock icon Textile makers' plea
      65 1 UPI TOKYO, Mon. Japanese textile makers plan to ask the Government for emergency loans and Import controls to help them cope with the protracted market slump, their association reported. The Japan textile Industry federation, made up of cotton, wool and chemical textile manufacturers, said it will hold
      UPI  -  65 words
    • Article
      Lock icon Bank staff to strike
      60 1 Reuter PARIS, Mon. French bank employees will be called out on a 24-hour strike on Friday to support their claim for higher wages and better working conditions, union sources said. The action is being called by the Confederation Generale du Travail, Confederation Francalse et Democratlque du
      Reuter  -  60 words
    • Article
      Lock icon Thanom leaves temple
      43 1 Reuter BANGKOK, Mon. Former Thai military ruler Thanom Klttlkachorn today left the Buddhist monkhood which he entered after returning here from exile in Singapore last September. Thanom is to hold a press conference here tomorrow on his future plans. Reuter.
      Reuter  -  43 words
    • Article
      Lock icon Bahrain in the news
      31 1 Reuter BAHRAIN, Mon. Reuters today inaugurated its monitor financial news service In Bahrain, the first West Asian centre to be connected to the world-wide Information retrieval system.
      Reuter  -  31 words
    • Article
      Chemical plant study
      36 1 TOKYO, Mon. A Japanese team of experts will conduct a three-week pre-feaslbillty study for the construction of a chemical fibre manufacturing plant in Sri Lanka beginning on Thursday, the Foreign Ministry announced today.
      36 words
    • Article
      Lock icon Tanaka trial
      38 1 Reuter TOKYO, Mon. Former Prime Minister Kakuei Tanaka reappears in court tomorrow charged with receiving a US$l.5 million (553.6 million) bribe from the Lockheed Aircraft Corporation to push the sale of its alrcrafts In Japan. Reuter.
      Reuter  -  38 words
    • Article
      Dow Jones
      16 1 AMERICAN financial markets were closed yesterday because of the holiday for George Washington's birthday.
      16 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      161 1 SHARE prices at the Stock Exchange of Singapore moved lower yesterday in quiet trading. Interest on the options board also declined. The Business Times index fell 2.83 points to 264.58 while the Straits Times Industrial average eased 0.76 point to 254.51. Foils Most active M Cement 254
      161 words
    • Article
      In Kuala Lumpur
      107 1 Falls Most active Cactlefield $4.00 -.20 Gentlngs 130,000 Golden Hope $3.02 -.10 Haw Par .39,000 Premium $0.57 -.08 Central Sugars 36,000 U.M. Flour $1.50 -.07 Cvcle Si Carrlu* 28.000 D. K era mat $5.95 N.B.T. $2.95 O.C.B.C. $7.85 Haw Par $1.14 Pan Elect $2.17 U.O.B. $3.40 Petaling
      107 words
  • Article
    Lock icon Expert recommends lowering tariffs
    710 1 ASEAN CAN LEARN FROM EEC Reuter MANILA, Mon. A leading British economist said today the Association of South-east Asian Nations (ASEAN) would gain many economic benefits by dismantling tariff barriers among themselves. Mr. Paul Bareau, economic consultant to the British banking concern, Barclay's, told a meeting
    Reuter  -  710 words
  • Article, Illustration
    S'pore will be the region's catalyst
    324 1 SINGAPORE'S role as a financial centre will be enhanced by the success of Asean, a top US banker predicted here yesterday. Mr. L.K. Mulkern, executive vice-president and head of the Asia division of the Bank of America, said that although poor In natural resources,
    324 words
  • Article
    18 firms get SIFS loans of $2.4 mil
    621 1 BARELY 3-1/2 months since the joint launching of the Small Industries Finance Scheme (SIFS) by the Economic Development Board and the Development Bank of Singapore, 18 companies have already been granted loans totalling nearly $2.4 million. This was announced yesterday by the
    621 words
  • Article
    Lock icon Crucial talks on buffer stocks
    170 1 UPI GENEVA, Mon. Final preparations began here today for fullscale negotiations on a US$6 billion (5514.5 billion) common fund to finance buffer stocks of major commodities. The fund was proposed by the UN Conference on Trade and Development (UNCTAD) as part of Its "integrated programme
    UPI  -  170 words
  • Article
    Neptune Coral
    53 1 NEPTUNE Orient Lines (NOL) will take delivery of Its second full container ship, Neptune Coral, tomorrow from Ishlkawa Jlma-Harlma Heavy Industries at Kure, Japan. The 31,000- tonne vessel with a speed of 23 knots will operate on the Far East Europe service as part of Ace's group of
    53 words
  • Article
    MURATA ISSUE IN EUROPE
    222 1 MURATA Manufacturing of Japan, which told three million new sharea in SingaCre last August, will be uing another four million new aharea (par value Yen 50 a ehare) this time in Western Europe. The iaaue will be made on March II and the new aharea will
    222 words
  • Article
    Loans for PUB water project
    161 1 THE Public Utilities Board has arranged for a U5523.6 million (Sss9 million) loan from the Asian Development Bank (AOB) as well as a further US$5 million (5512.5 million) loan from the Bank of America NT It SA In Singapore, to finance Singapore's second water supply
    161 words
  • Article
    Action dismissed
    102 1 THE Chief Justice, Mr. Wee Chong Jin, sitting with two other High Court Judges, yesterday dismissed the Law Society's disciplinary action against lawyer A.S.K. Wee and accepted Mr. Wee's counsel's (Mr. Michael Sherrard Q.C.) submission that there was no cause for the Society to disbar, strike off, suspend
    102 words
  • Article
    Visit by Romania team to work out trade accord
    304 1 A TRADE team from Romania it due in Singapore within the next two months to begin formal talks on the possibility of concluding a long term agreement to push Romanian exports to the Asean region through Singapore. According to the Romanian
    304 words
  • Article
    Lock icon Jakarta names date for firms to change hands
    289 1 Reuter JAKARTA, Mon. Indonesia's Trade Minister Radius Prawlro said today foreign trading companies operating In the country should be transferred to Indonesian management by the end of this year. About 15,000 foreign companies, mostly Chinese, would be affected, the Minister told newsmen
    Reuter  -  289 words
  • Article
    Stake in Haw Par sold
    353 1 HAW PAR Brothers International has Informed the Stock Exchange of Singapore (SES) that Atlantic Assets, a subsidiary of the British Ivory and Sime investment management group, has disposed of Its entire 5.32 million shares holding in Haw Par following the company's requotation on the SES
    353 words
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      Page 1 Advertisements Column 1
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      Page 1 Advertisements Column 2
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      98 words
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  • OVERSEAS
    • Article
      Lock icon Arabs, Israelis keen on Geneva peace talks this year
      512 2 Reuter DAMASCUS, Mon. US Secretary of State Cyrus Vance said today that both Israeli and Arab leaders had expressed their willingness to attend peace talks In Oeneva this year, provided the question of the Palestine Liberation Organisation's status could be settled.
      Reuter  -  512 words
    • Article
      Lock icon China buys more wheat
      208 2 AP WASHINGTON, Mon. China has sharply Increased Its purchases of foreign wheat this year, apparently because of a hard winter and a shrinking stockpile of food grain, the US Agriculture Department said today. When China went on a similar buying campaign four years ago. It led
      AP  -  208 words
    • Article
      Lock icon SLOWDOWN SEVERE BUT U.S. ECONOMY GAINING STRENGTH
      304 2 Washington Star WASHINGTON, Mon. The economic slowdown last fall was more severe than preliminary estimates showed, the Commerce Department has reported. However, the figures Indicated that the economy was gathering strength as 1976 ended. Total output of goods and services Increased at any
      Washington Star  -  304 words
    • Article
      Lock icon Carter, Trudeau open talks
      344 2 UPI AP NYT WASHINGTON, Mon. Prime Minister Pierre Trudeau Is scheduled to meet President Jimmy Carter for the first time today to discuss Canada, US relations, energy matters and Quebec's separatist threat to Canadian unity. Mr. Trudeau, accompanied by External Affairs Minister Don Jamleson, arrived here
      UPI; AP; NYT  -  344 words
    • Article
      Lock icon ...and Fukuda too
      360 2 Reuter UPI TOKYO, Mon. Japanese Prime Minister Mr. Takeo Fukuda told Parliament today he would leave for Washington on March 19 for talks with US President Jimmy Carter and return to Tokyo six days later. The summit talks have been fixed for March 21 and 22. This
      Reuter; UPI  -  360 words
    • Article
      Lock icon STERLING BALANCES
      98 2 Reuter JEDDAH, Mon. Bank of England governor Gordon Richardson, who arrived here for a weeklong visit, will explain to Saudi Arabia details of Britain's sterling balance support scheme and the proposed issue of foreign currency bonds by UK authorities, British sources here said. The sources declined to elaborate.
      Reuter  -  98 words
    • Article
      Lock icon Hongkong's coldest
      40 2 Reuter HONGKONO, Mon. Hongkong has experienced Its coldest January In 43 years, a spokesman of the Royal Observatory said today. He said the mean temperature for last month was 13.7 degrees Celsius, the lowest on record since 1934.
      Reuter  -  40 words
    • Article
      Lock icon US export drive costs less than other nations
      541 2 FINANCIAL TIMES WASHINGTON, Mon. The US spends less on export promotion than almost all Its major competitors, according to a survey recently compiled Inside the US Government but not yet publicly released. This report says that In 1975 the US spent a
      FINANCIAL TIMES  -  541 words
    • Article
      Lock icon Pledge to revamp China's rail system
      282 2 UPI TOKYO, Mon. More than 200 top administrator* of China's railway aystem have wound up a conference in Peking with a pledge to reform and modernise the country'* rail network during the next five years, the Japanese Kyodo News Agency said in a dispatch
      UPI  -  282 words
    • Article
      Lock icon Janata warns firms over huge donations
      321 2 Reuter NEW DELHI, Mon. The opposition Janata Party warned yesterday that It would prosecute companies making large donations to the Congress Party's election funds. Mr. Shantl Bhushan, treasurer of the Party, alleged that the managements of major companies were being pressurised Into donating huge
      Reuter  -  321 words
    • Article
      Lock icon No more takeovers says Bhutto
      257 2 Reuter LAHORE, Mon. Pakistani Prime Minister Zulflkar All Bhutto yesterday ruled out further nationalisation of Industry If he Is returned to power In elections next month. Mr Bhutto and his Pakistan Peoples Party (PPP) Government have already nationalised 13 basic Industries, ranging from steel and
      Reuter  -  257 words
    • Article
      Lock icon American car sales pick up after the winter setback
      496 3 NEW YORK, Monday Reuter THE American car Industry Is confidently looking forward to a very good year and sales are already picking up after the setback of the worst winter for 200 years. Industry estimates of 1977 car sales hover around
      Reuter  -  496 words
    • Article
      Lock icon Comecon members' problems in meeting their commitments
      487 3 NYT VIENNA, Mon. Moscow's allies in Eastern Europe are having trouble fulfilling their commitments regarding big Investment projects In the Soviet Bloc, a study by experts on communist economies shows. The survey by researchers of the Vienna Institute for Comparative Economic Studies, says
      NYT  -  487 words
    • Article
      Lock icon Rotterdam still strikebound
      166 3 Reuter THE HAGUE, Mon. Rotterdam docks, the largest In Europe, remained virtually paralysed today as widespread strikes In Holland entered their third week. But 5,000 workers at 14 major firms suspended strike action today to get wage negotiations s'arted. About 200 ships are strikebound In Rotterdam, and
      Reuter  -  166 words
    • Article
      Lock icon Carter's $147 bil budget deficit
      176 3 Reuter WASHINGTON, Mon. President Carter will recommend to Congress on tomorrow changes In the 1978, federal budget envisaging a deficit of about US$6O billion (Ssl47 billion) administration sources said. Former President Ford's budget for the 1978 financial year, which begins on Oct. 1, called for
      Reuter  -  176 words
    • Article
      Lock icon Oil and gas industry hits record $69 bil this year
      214 3 AP TULSA. (Oklahoma), Mon. The US oil and gas Industry has budgeted a record US$2B.4 billion (5569.58 billion) for capital and exploration spending In the United States during this year. That's a 6.7 per cent Increase over the Industry's U5526.6
      AP  -  214 words
    • Article
      Lock icon A steady decline forecast for sterling
      248 3 Reuter LONDON, Mon. British merchant bankers Charterhouse forecast that the government will allow sterling to decline gradually through 1977 to around US$l.62 at year-end. In a quarterly business forecast written by economist James Morrell of the Henley Forecasting Centre, Charterhouse says It believes the
      Reuter  -  248 words
    • Article, Illustration
      Lock icon FEARS GROW OVER BRITAIN'S LEADERSHIP OF E.E.C.
      520 3 Reuter PARIS, Mon. Apprehension is growing here over Britain's stewardship of the European Common Market and some French officials fear It may lead to a weakening of the community. They believe Britain should have displayed far more sensitivity towards community aspirations at a
      Reuter  -  520 words
    • Article
      Lock icon Common Fund is vital, says Corea
      362 3 Reuter WASHINGTON, Mon. Gamanl Corea, SecretaryGeneral of the UN Conference on Trade and Development (Unctad) said developing nations consider the establishment of a special find to help stabilise commodity prices as vital. He told reporters: "No package of measures put together to deal with
      Reuter  -  362 words
    • Article
      Lock icon Peseta under pressure on forex marts
      184 3 Reuter AP LONDON, Mon. The Spanish peseta came under heavy pressure on European foreign exchange markets today In anticipation of Spain's economic package due to be announced tomorrow. Dealers said market fears of a peseta devaluation to accompany the measures had caused the currency's
      Reuter; AP  -  184 words
    • Article
      Lock icon Increase in US shoe imports
      190 3 UPI AUGUSTA (Maine), Mon. Imported shoe* took 45.7 per cent of the US market last year, a marked increase from the 41 per cent share in 1975 and 37 per cent in 15r<%, according to Sen. William Hathaway maine). Sen. Hathaway haj been collecting information
      UPI  -  190 words
    • Article
      Lock icon US hits a record in capital outflow in fourth quarter
      338 3 Reuter WASHINGTON, Mon. Private capital outflow* from the US reached a record USSB.9 billion (5521.8 billion) in the fourthquarter, the Commerce Department ■aid. Long-term outflows totalled US$46.l million, down from the US$9B9 million in the previous quarter, but 'short term
      Reuter  -  338 words
    • Article, Illustration
      Lock icon Mexico reveals the full amount of its oil reserves
      767 3 MEXICO CITY; Monday NYT DESPITE conservative official estimates, Mexico's oil and natural gas reserves are now privately believed to exceed 60 billion barrels, roughly six times greater than Alaska's North Slope deposits and much larger than previously estimated. The new estimate,
      NYT  -  767 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      435 2 He is the new child in a new age. He needs the encyclopaedia for today- Britannka 3. £5 il The child of today is more involved. More aware. And must learn 50% more than a child 20 years ago. That's precisely why yesterday's reference works can't really satisfy his needs.
      435 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      333 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Feb 21 at Singapore airport: Maximum temperature 30.6° C Associated humidity 64 Minimum temperature 23.0° C Associated humidity Hours of sunshine 9-10 Rainfall in millimetres traco Total rainfall for the month 83.3 Total rainy days for the month
      333 words
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      90 3 SIGMA COATINGS WISHES ALL PASSENGERS AND CREW OF QUEEN ELIZABETH II A BON VOYAGE! hUfiUliiUiH^iy us Li =1 1!! m q ii 11 Quail SEAWORTHY Sigma is the leading name in marine cmiv/iA P protection technology with a world-wide oIoIVIA fa organisation including factories in'2l r COATINGS \rA countries and
      90 words
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  • COMPANY NEWS
    • Article
      Slower second half at MBS
      312 4 IN line with the sluggish economic recovery, unaudited pre-tax profit at Malaysia Building Society registered an Increase of 11 per cent to M 513.89 million for the year ended Dec 31, 1976. This compares with the growth rate of 25.5 per cent achieved In 1975
      312 words
    • Article
      Malaysian CIC agrees to Supreme's restructuring plans
      300 4 THE Malaysian Capital Issues Committee (CIC) has agreed to Supreme Corporation's capital restructuring plans with the amendment that the proposed special Issue to bumlputras Is raised by 500,000 shares. This will Increase the proportion of the increased capital held by bumlputras from 2.36
      300 words
    • Article
      DIVIDENDS ANNOUNCED
      150 4 Current Ex Date Total for Total for payment Date payable the year previous year Straits Time* 27.5% Feb 11 Mar 3 27.5% Timet Publishing 17.5% Feb 11 Mar 3 27.5% 25% M. Tobacco 35% Feb 7 Mar 18 50% 40% Idria Hyd 30%+ Mar 25 80%+ 71.5% Tanjong
      150 words
    • Article
      PEOPLE IN BUSINESS
      83 4 Mr. Chia Kok Chuan, project engineer of Deutz Far East has left for West Germany to undergo advanced training In water-cooled and aircooled dlesel engines at Klockner-Humboldt-Deutz (KHD) In Cologne. Mr. Oro V. Escarraga. general manager of Hotel Summit Singapore nas announced the appointment of Mr. Alfred
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    • COMPANY MEETINGS
    • Article
      Gilani's plant sale credit finally rolls in
      381 4 GILANI Jute and Textile Mills (M) has finally received the letter of credit for US$l.O6 million, which represents the sale price of Its plant and machinery, and freight. The company contracted the sale in April 1976 with REB Wlllcox of London for U*****,000
      381 words
    • Article
      Lock icon Profit at Time sets all-time record
      653 4  -  By JAY PALMER FT FOR all Its stream of diversifications Into oaper pulp, wood house building materials and video products over the last five years, Time Inc. today Is still best known for Its extensive magazine and book publishing activities. Its stable of weekly
      FT  -  653 words
    • Article
      Lock icon British Sugar to carry on expansion plans
      489 4 FT LONDON, Tues. Continuing its plan to expand production to 1.25 million tonnes by 1980 in an average campaign of 120 days, British Sugar Corporation plans to spend a further £30 million in the current year. This will provide for the substantial completion
      FT  -  489 words
    • Article
      Lock icon Kawasaki agrees to venture with MBB
      96 4 UPI TOKYO, Mon. Kawasaki Heavy Industries said It will sign a partnership contract with west German aircraft manufacturer Messerschmltt Bolkow Blohm (MBB) this month to develop a new multi-pur-pose helicopter. The company said the proposed helicopter will be a twin-engine 650-horse-power craft with a
      UPI  -  96 words
    • Article
      INDUSTRY WHICH GREW OUT OF COD LIVER OIL
      704 4 ANKARA, Thurs. The whole venture started in Istanbul In 1941 with vitamins A and D mixed In refined oil and marketed as cod liver oil. a liquid then much sought after by old Turkish people who tolerated Its horrid taste for Its
      704 words
    • Article
      Lock icon Plan to help get Woman's Bank out of the red
      660 4 NYT NEW YORK. Thurs. "The best service this bank can do the cause of female equality is make some money." says Miss Lynn D. Salvage, the new president of First Women's Bank. New York state's first and only women's bank
      NYT  -  660 words
    • Article
      Landis and Gyr hit by high level of exchange rate
      420 4 ZURICH, Mon The high level of the Swiss-franc exchange rate had an "extremely unfavourable" effect on foreign sales of the Swiss electrical engineering concern Landls and Gyr In the past financial year. The group, about half of whose production takes
      420 words
    • Article
      Lock icon The going gets tougher for Xerox
      858 4  -  AS COMPETITION STEPS UP By VICTOR K. McELHENY NYT THE fast-growing multl- i billion-dollar market for plalnpaper copiers Is acting as if nobody had Invented electronic mall and other proposed methods of computerizing the flood of paper in the worlds offices. The Xerox Corporation
      NYT  -  858 words
  • Page 4 Advertisements
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      193 4 < 1 r nil A 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
      193 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Reynolds profit up
      224 5 NEW YORK, Mon. Higher tobacco sales have helped R.J. Reynolds Industries to end 1976 with a 5.3 per cent rise in net profit to U*****.7 million ($326.5 million). The benefits were greater in the last quarter when net profit rose 18.5 per cent to $89 million $75.1
      224 words
    • Article
      Safeway setback
      94 5 NEW YORK, Mon. Despite a sales Increase of seven per cent, Safeway Stores has suffered a big setback last year. Net profit fell by 29 per cent to U*****.6 million ($148.63 million) while sales rose to $10.4 billion from $9.72 billion. The setback was greater in the fourth
      94 words
    • Article
      Lock icon Norsk Hydro enjoys higher income
      186 5 Reuter LONDON, Mon. Norsk Hydro has reported a rise In pre-tax profit to 117 million crowns from 97.8 million crowns In the first halfyear ended Dec 31, 1976. Sales rose to 2.4 billion crowns from 2.13 billion crowns In the period. The company estimates pre-tax
      Reuter  -  186 words
    • Article
      Rennies Consolidated
      138 5 JOHANNESBURG, Mon. < In the 18 months ended Dec. i 13. 1976, net attributable profit at Rennies Gonso- i lldated Holdings came to i 10.1 million rand. In the year ended June 30, 1975, profit came to 7.1 million rand. Earnings per share were 45.6 cents on the
      138 words
    • Briefly
      • Article
        Noranda Mines
        79 5 TORONTO, Mon. Last year Noranda Mines suffered a 7.5 per cent fall In net profit to C 546.7 million ($50.5 million) on revenue of $1.23 billion ($1.16 billion). The setback would have been greater but for a 147.8 per cent Jump In net profit In the fourth quarter
        79 words
      • Article
        Fluor confident
        84 5 LOS ANGELES, Mon. Fluor said fiscal 1977 (Oct 31) earnings should exceed last year's US$3.BB a share, but indicated the gain will be less than previously expected. The company, in the annual report, said earlier last year it had hoped for better earnings performance in 1977. The subsequent
        84 words
      • Article
        Lock icon Kawasaki
        56 5 Reuter TOKYO, Mon. Kawasaki Heavy Industries said it received an order from its affiliate Kawasaki Shojl for a 60,000 dwt tanker for chartering out of Esso Tankers. Priced at about five billion yen, the vessel is due to be delivered in 1978. Kawasaki said the order is its first
        Reuter  -  56 words
      • Article
        Telefunken
        30 5 FRANKFURT, Mon. AlIgemelne Elektrlcitaets-Ge-sellszhaft AEG-Telefun-ken has reported worldwide group turnover, excluding value added tax, of 13.5 billion marks for 1976, up from 12.78 billion marks in the previous year.
        30 words
      • Article
        Teikoku Oil
        80 5 TOKYO, Mon. Teikoku Oil said it will start test drilling in waters 30 kilometres off Kujl, lwate prefecture on the Pacific coast of northern Japan, next week Jointly with Gulf Oil of the US. Teikoku and Gulf are also scheduled to conduct offshore test drilling off Hachinohe, lwate
        80 words
      • Article
        Mitsui
        84 5 TOKYO, Mon. Mitsui Engineering and Shipbuilding said it received a 2.6 billion yen order from Saudi Arabia for the supply of 11 container cranes for delivery by the end of April, 1978. Mitsui said the cranes will be installed at Al Jubayl Port on the gulf as part of
        84 words
      • Article
        Kroger
        77 5 NEW YORK, Mon. A last quarter spurt has raised 1976 net profit at Kroger by 40.3 per cent to U5548.33 million ($34.44 million) on a sales rise of 14 per cent to $6.09 billion ($5.34 billion). Fourth quarter net profit rose to $16.52 million from $9.96 million on a
        77 words
      • Article
        Singer
        41 5 NEW YORK, Mon. Singer expects a significant growth in profit in 1977, chairman Mr. Joseph Flavin told analysts. Mr. Flavin said Singer would like to restore a regular common dividend by end-1977 and this was one of Singer's major objectives.
        41 words
    • Article
      Lock icon Chrysler falls deeper into the red
      118 5 Reuter ADELAIDE, Mon. Net operating loss at Chrysler Australia rose to A 52.14 million from $1.57 million last year. The higher loss was suffered despite an Increase In group sales to $277.2 million fjom $236.6 million. Lack of growth in the new motor vehicle
      Reuter  -  118 words
    • Article
      Gillette fourth quarter down
      108 5 NEW YORK, Mon. Fourth quarter net profit at Gillette fell to U5516.02 million from $19.7 million following exchange losses of $3.28 million against gain of $1.13 million last time. For the whole of 1976, exchange losses came to $19.08 million against $9.61 million previously and this
      108 words
    • Article
      Lock icon Boise Cascade
      50 5 Reuter BOISE, Idaho, Mon. Boise Cascade has increased the annual dividend to US$l.lO a share from 80 cents. The company said a quarterly dividend of 27 Vi cents a share, based on the new rate, will be paid on April 15 to shareholders on record on March 18.
      Reuter  -  50 words
    • Article
      Toray Industries outlook gloomy
      167 5 TOKYO, Mon. ReportIns a big turnround at the halfway mark, Toray Industries Is not too optimistic about prospects In the second six months of the current year ending March 31, 1977. And It does not expect any profit In the second halfyear following a consolidated net
      167 words
    • Article
      Lock icon Buoyant results for Trio Kenwood
      137 5 Reuter TOKYO, Mon. Consolidated net Income at Trio Kenwood, previously known as Trio Electronics, rose to 1.37 billion yen from 384 million yen in the year ended Nov 20, 1976. The profit Jump came on the back of a 26.6 per cent rise in sales
      Reuter  -  137 words
    • Article
      Lock icon Nissan to complete new NZ assembly plant
      150 5 Reuter TOKYO, Mon. Nissan Motor said Its subsidiary In New Zealand, Nissan Motor Distributors (NZ) will complete a new assembly plant In Wlrl, near Auckland. In April to concentrate Datsun automobile assembly In the country. It said the New Zealand subsidiary Is currently
      Reuter  -  150 words
    • Article
      Signal optimistic
      258 5 BEVERLEY HILLS, California, Mon. Signal has produced a sparkling set of results for the fourth quarter and the full year to end--1976. Earnings and sales on both account»,tecorded impressive advances and the trend Is expected to continue this year. For the fourth quarter, the company reported net earnings
      258 words
    • Article
      Lock icon Acquisitions lift prices
      836 5 WALL STREET NYT NEW YORK, Mon. Various kinds of news can send the price of a stock soaring in Wall Street: sharp earning gains, a hefty dividend increase combined with plans for a stock split, or, for oil exploration companies, the announcement of a new field. But
      NYT  -  836 words
    • Article
      Lock icon Nippon to cut aluminium capacity
      102 5 Reuter TOKYO, Mon. Nippon Light Metal said It has scrapped a total of 132 electrolysers at the number one electrolyser plant of Its Kanbra Works, central Japan, reducing Its annual prime aluminium production capacity to about 370,000 tonnes from 386,000 tonnes. It said this was
      Reuter  -  102 words
    • Article
      Lock icon American Stores earnings forecast
      107 5 Reuter PHILADELPHIA, Mon. American Stores earnings for the 13-week fourth quarter of 1976 may not match the US$2.2O a share In the 1975 period, chairman Mr. John R. Park told analysts. He' said the company expects to report record sales for fiscal 1976, ending April 2,
      Reuter  -  107 words
    • Article
      Lock icon Amax
      66 5 Reuter NEW YORK, Mon. Amax said It expects 1977 earnings from operations, before Investment Income, to be substantially higher than 1976 s $159.2 million. In 1976 the company had a net Income of $150.1 million. Amax attributed the expected gain to an Increase In &roductlon from the enderson mine,
      Reuter  -  66 words
    • Article
      Pioneer Electronic achieves 22pc increase
      121 5 TOKYO, Mon. In the first quarter ended Dec 31, 1976, Pioneer Electronic has achieved a 22.6 per cent rise In consolidated net Income to four billion yen (3.26 billion yen J. Net sales rose to 55.32 billion yen from 45.38 billion yen. Pioneer Electronic said
      121 words
    • Article
      Sales up for GEC
      107 5 NEW YORK, Mon. On sales up by 11.3 per cent to U5515.09 billion ($14.1 billion), General Electric has managed to raise net profit by 35.2 per cent to $930.6 million ($688.5 million) last year. In the fourth quarter, net profit rose by only 16.1 per cent
      107 words
    • Article
      Lock icon BHP steel output declines
      77 5 Reuter MELBOURNE, Mon. Broken Hill Proprietary said crude steel output in the first eight months ended Jan 31 of Its current financial year fell slightly to 5,127,000 tonnes from 5,154,000 In the corresponding period last year. Other output figures, with previous period In brackets, included: coal
      Reuter  -  77 words
    • Article
      TNT
      32 5 SYDNEY. Mon. Thomas Nationwide Transport has Increased Its interim dividend to 4.5 Australian cents from four cents for the year ending June 30, 1977. The dividend is payable on April 1.
      32 words
    • Article
      Lock icon Brokerage firms hit by declining turnover
      829 5 NYT NEW YORK, Mon. The nation's publicly owned brokerage firms enjoyed record profit last year, thanks to booming stockexchange volume, a brisk business In options and surging revenues In fixedIncome securities. Merrill Lynch, for example, saw its net income climb to a peak of
      NYT  -  829 words
    • Article
      Lock icon Colgate diversifies further
      511 5 FT LONDON, Mon. In a variety of ways the acquisition of Joseph Terry and Sons by the US ColgatePalmolive company fits neatly into what observers see as the emerging pattern of a major diversification effort by the company. Colgate-Palmolive runs second in the US to Proctcfr and
      FT  -  511 words
    • Article
      Lock icon Firestone to recall radial tyres
      165 5 Reuter AKRON, Ohio, Mon. Firestone Tire and Rubber said it Is recalling about 400,000 steel-belted radial 500 passenger car tyres in sizes HR7B-14 and HR7B-15. The firm said the tyres, which were sold In both original equipment and replacement markets, were produced In late 1973
      Reuter  -  165 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      154 5 I*3 «r-> rt^ I* S 1 fifit v \i Flexible working hours is going to concern more and more people in 1977. Hoiv about you? With shift work, traffic and CBD restrictions, more and more companies will be forced to adopt flexible working hours for their employees. ITR Flexi is
      154 words
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  • Article
    Share Information Service
    2066 6 1978/77 High Low Lait Company Sale OTGr'a div Div c'vr Gr'» Net y'ld P/E Vol Day C000) High Low SECTION ONE INDUSTRIALS 175* 131 206 100 237 186 201* 204 248 133 130 172 60 185 66 127* 149 172 Acma Aetna A Alcom Allied Choc Bata
    2,066 words
  • Article
    Transactions in Singapore
    1063 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett Big Board
    1,063 words
  • Article
    In Kuala Lumpur
    1194 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIAL! Acma 11 428 > A Tape 111 468 0 (2) 047 Aiinomoto
    1,194 words
  • Article
    Stock options
    123 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) (0.315). (Sept $3.90) (0.31B). Inchcape (June $2.40) (0.268 0.285) (176) 0.29, (13)
    123 words
  • Article
    Unit trusts
    150 6 SINGAPORE UNIT TBI ST (Manageri' prion for Feb 22. INCOME BOND UNIT (current prion) The Commerce 1 77 The Saving Fund 0.96 S'pore Prog Fund 0.81 S pore Security Fund 1.37 S'pore Invest Fund 1 06 ASIAN UNIT TRUST (Manager*' prim for Feb22.) Mai Invest Fund 1.70 1.87
    150 words
  • Article
    Corporate bonds
    148 6 B O T 8 1/2*51 1981 (100,000) (1038 103^S) D B S 8 1/27, 1982 (100,000) (99U8 100SS) DBS Converts 6 1/2% 1991 (100,000) (96U8 97 US) E I B 97< 1982 (100.000) (1038 103 US) E 1 B 8 1/491 1983 (100,000) (99U8 100 US) I B
    148 words
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  • Article
    Share prices end lower at SES
    447 7 CONTRARY to general expectations, the Stock Exchange of Singapore yesterday saw prices edging lower in very quiet trading. For the better part of the day operators were rather cautious and it appeared very obvious that the bulls were withdrawn and prices suffered losses across
    447 words
  • Article
    Quiet trading in KL
    276 7 LACK of follow-through support caused share prices at the Kuala Lumpur stock market to drift lower in quiet trading yesterday. Investors and operators were generally holding back after the long holidays. Losses were mostly due to profit-taking following last week's run-up as speculators entered the market
    276 words
  • OVERSEAS MARKETS
    • Article
      Tokyo
      382 7 TOKYO: Share prices closed lower on profit-taking In hesitant trading, apart from a few Isolated gainers, dealers said on Monday The Dow Jones average lost 14 41 to close at 5.023 52, with volume 190 million shares The New index closed at 379.33, down 0.87 FEB 21 Yen AJinomoto
      382 words
    • Article
      Manila
      137 7 MANILA: Mining prices declined while oils posted slight gains and commercials were firm, dealers said on Monday. Total turnover amounted to 2.28 million pesos compared with Friday's 1.36 million, but trading remained sluggish. FEB 21 Pesos Acoje Mining .0155 unch Atlas Con. A 3125 -0 25 Atlas Con. B
      137 words
    • Article
      Sydney
      333 7 SYDNEY: The market closed firmer In quiet trading on Monday, with some profit taking slowing the pace of last week's rise, dealers said The Sydney All-Ordinaries Index rose 0.82 point to 427.28. FEB 21 Cents INDUSTRIALS A.C.I 144 -1 ADC 22S "inch AN I 117 unch A P M
      333 words
    • Article
      Bangkok
      86 7 FEB 21 Bar. is Asia Fibre 122 +2 Bangkok Bank 255 +2 Bangkok Invest 157 10 Bangkok-Metro-politan Bank 2600S Bata 377S Bern Jucket Charoong Thai 169 +3 Wire 163 Dumex Duslt Thanl Faber Merlin First Trust 138S +3 Indo-Thal J And J Ho 191 Jalaprathan Cement 83 >1 Karnasuta
      86 words
  • Article
    Fruehauf seeks further growth
    141 7 NEW YORK, Mon. Reporting record results for 1976. Fruehauf Is looking for further growth In the current year. Fruehauf said It expects 1977 to be another record year In both sales and earnings. "We are beginning the year with much higher backlogs In our truck-trailer divisions,"
    141 words
  • Article
    FMC enjoys earnings jump
    126 7 NEW YORK, Mon. With a 40.4 per cent Jump In the fourth quarter, FMC has ended 1976 with a 10.8 per cent rise In operating net profit to U*****.5 million ($103.3 million) for the full year. In the last quarter, net profit rose to $26.4 million
    126 words
  • Article
    Lock icon US money market? outlook dim
    369 7 Reuter NEW YORK. Mon. Inflation fears, a rapid pickup In economic growth during the two coming fiscal quarters and a substantial Increase In credit demand are seen as major negative forces In the money market. Wall Street analysts say the 0.8 per cent rise in
    Reuter  -  369 words
  • Article
    Lock icon Oil producing countries invest in yen bond
    360 7 Reuter TOKYO, Mon. The large inflow of US dollars Into Japan through net foreign Investments in Japanese bonds during the past few months Included Investments from Asian centres as well as Arab oil producing countries, financial officials said. The Finance Ministry announced last
    Reuter  -  360 words
  • Article
    Lock icon Quebec loses appeal
    957 7  -  PARTI QUEBECOIS By JOHN H. ALLAN NYT AN INDEPENDENT Quebec does not have much appeal to American Investors. Ever since the Parti Quebecois came to power In j mid-November, Quebec bonds have been declining and the efforts of Premier Rene Levesque to reassure Americans so far have
    NYT  -  957 words
  • Article
    Asarco stages good recovery
    118 7 NEW YORK, Mon. Asarco has staged a strong recovery In the fourth quarter to put net profit for the whole of last year 66.5 per cent ahead at U5542.3 million ($25.4 million). In the last quarter, net profit came to $11.88 million compared with $596,000 previously.
    118 words
  • Article
    Lock icon Coats Patons loan
    89 7 Reuter LONDON. Mon. Coats Patons said it arranged a £45 million loan from National Westminster Bank to enable it to expand some plant in the UK and help finance the group's export business. Finance director Mr. C P Wallace told Reuters £25 million will be spent on
    Reuter  -  89 words
  • Article
    Lock icon Emperor Mines
    57 7 Reuter MELBOURNE. Mon. The Melbourne Stock Exchange suspended trading in Emperor Mines the Fiji gold miners, last Friday. The exchange said it made this move "in view of the conflicting statements in the press and from the company regarding their activities." Under Australian stock exchange regulations. Emperor shares
    Reuter  -  57 words
  • Article
    Gabomerica
    42 7 AMSTERDAM. Mon. Gabomerica International Bank said it headed a consortium of European cooperative banks which agreed a US$25 million medium term Eurodollar loan to Banco Nacional de Credito Co-operativo of Brazil. The loan will be used for agricultural projects and research.
    42 words
  • Article
    Lock icon SEC keeps mum on Arab boycott
    442 7 NYT WASHINGTON, Mon. The staff of the Securities and Exchange Commission has changed Its mind and decided not to support companies seeking to exclude stockholder resolutions on the Arab boycott from consideration at their annual meetings. The division of corporation finance, which reviews proxy
    NYT  -  442 words
  • Article
    Lock icon IAC suffers severe setback
    351 7 Reuter SYDNEY, Mon. On a marginal fall In gross revenue, lAC (Holdings) has suffered a severe setback in 1976, with net profit plunging 87.6 per cent to A 51.06 million from $8.54 million. The profit is before extraordinary items. Gross revenue came to $118.98 million compared
    Reuter  -  351 words
  • Article
    Lock icon Tokyo cuts coupon on corporate bonds
    255 7 Reuter TOKYO, Mon. The coupon on double-A rated Japanese corporate bonds will be cut to 8.6 per cent from the present 8.8 per cent starting from March Issues, Yamalchi Securities said. Issue price will remain 99.5 per cent, so that the yield to subscribers
    Reuter  -  255 words
  • Article
    C & E profit up
    113 7 C E profit up NEW YORK, Mon. Net profit at Combustion Engineering rose to U5554.2 million from $4.4.6 million last year, including $19.08 million ($l5 million) from the fourth quarter. Earnings per share were $1.77 ($1.40) In the quarter, making a total of $5.04 ($4.16) for the year. Sales rose
    113 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      353 7 ■Eg m-m ?Cg f "tiM JTHmJ) 171*30 •i v a t IK i Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar malam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in
      353 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Local and foreign rubber markets
      760 8 THE Singapore rubber market opened fractionally lower and thereafter lost a further one cent on stale bull liquidations In dull trading. Turnover was small. The morning session finished quiet with March RSS One buyers quoted at 204.00 cents per kilo, down 1.25 cents from last
      760 words
    • Article
      Closing prices
      28 8 Rubber: Feb 21 Singapore: 203.50 cU (down 1.75 eta.) Malaysia: 207.25 cts (down 2.00 cts) Tin: $1,561.00 (up $10.00) Official offering: 125 tonnee (down 45 tonne*)
      28 words
    • Article
      Straits tin
      87 8 THE Straits tin price In Penang yesterday was up $10.00 to $1,561.00 on an official offering down 45 tonnes to 125 tonnes. In LONDON yesterday, tin rose by £20 per tonne for Cash and £15 for Three Months In both contracts. Yesterday's higher Penang price and severe rationing
      87 words
    • Article
      Gold
      83 8 IN the Singapore gold market ysterday, the kllobar was nominally quoted at 5510,910 to 5510,920. The loco London quote was U*****.00/ 137.40 throughout the day. The London morning fix was U*****.25 up 65 cts. on the previous fix. Source: Singmas The Singapore Chinese Gold and Sliver Merchants quoted the
      83 words
    • Article
      Lock icon Steel mill study
      105 8 UPI TOKYO, Mon. A group of 15 Japanese Government and steel Industry officials will leave for the Philippines tomorrow to conduct feasibility study of a local project of an Integrated steel mill on Mindanao island, the Government's Japan International Cooperation Agency (JICA) announced today. JICA said the
      UPI  -  105 words
    • Article
      SSR and SMR
      108 8 R.A.S. Mar Apr (Current Mlh) (Forward Mthi Buyer* Seller* Buyer* Seller* SSR20 (1 -ton Pallet) 190 00 192 00N 191 50 193 50N SSB50 <1 —ton Pallet) 187 50 1S9 50N 189.00 191 00N M.R.E.L.B. SMR5CV (1 —ton Pallet) 222 00 224 00N 225.00 227 OON SMR
      108 words
    • Article
      Sugar
      94 8 LONDON. Mon. Terminal opened quiet on lack of news and prices held steady at £0.40 to £0.10 per tonne above Friday's closing levels. Sales were boosted by large block self trades to 1,214 lots The market developed an easier tendency under trade selling and commission house long liquidation. But
      94 words
    • Article
      Produce prices
      122 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YEBTERDAY. Coconut Oil: Bulk $95 sellers, old drum >90 sellers, new drum $95 sellers. Copra: Mixed (loose) UK/Cont. $55 buyers. Pepper: Muntok ASTA white f.o.b. 100% NLW $350 sellers. Sarawak white f ob 96% NLW $330 sellers. Sarawak special
      122 words
    • Article
      Copper
      80 8 LONDON, Mon. Copper wlrebars finished a quiet morning with gains of mostly £3 per tonne. Some short-covering emerged at the lower levels however and Three Months traded from a low of £858 up to £862 before final Kerb business at £863. LME stocks Increased 2,000 tonnes to a record
      80 words
    • Article
      Silver
      62 8 LONDON, Mon. Silver showed gains of 1.4 to two pence per troy ounce in the morning. Dealers attributed the movement to firmness In gold which encouraged fresh buying. Three Months traded up to 276.5 pence before values shaded under profit-taking with this position finally trading hands at 276.1 pence.
      62 words
    • Article
      Lead
      67 8 LONDON, Mon. Lead advanced by £5.50 for Cash and £4.25 for Three Months in the morning. Values extended premarket gains during modest Ring dealings with fresh buying taking the Three Months position up to £417 per tonne. The higher levels soon attracted profit-taking and some hedge selling, dealers said,
      67 words
    • Article
      Zinc
      42 8 LONDON, Mon. Zinc rose by mostly £2.50 per tonne In the morning. The market edged higher in sympathy with the trend in lead. Three Months traded up to £433.50 before profit-taking pared the advance. Sales of 4,500 tonnes were mainly carries.
      42 words
    • Article
      Coffee
      220 8 LONDON, Mon. Robusta futures moved ahead to establish gains at the end of the opening call of £24 to £7 per tonne over Friday's close. Volume was 498 lots and the tone steady. In most positions, new contract highs were again established. Mch closed at a new contract high
      220 words
    • Article
      Lock icon Futures price index rise an inflation signal?
      700 8 NYT NEW YORK, Mon. The Commodity Research Bureau's Index of futures prices has been rising for two months. Can an inflationary upswell be far behind? Not far at all, according to Mr. William L. Jller, president of the leading statistical organisation in the
      NYT  -  700 words
    • Article
      Rice
      106 8 BANGKOK, Mon. Indicative prices for rice auoted In Bangkok yesteray were: US dollars per tonne fob basis Bangkok. White Rice: 100 per cent Ist class 282 100 per cent 2nd 267 100 per cent 3rd 262 5 per cent 254 10 per cent 233 15 per cent 230 20
      106 words
    • Article
      Lock icon Bank of England asked to examine lead market
      268 8 Reuter LONDON, Mon. The Department of Industry has asked the Bank of England to examine recent activity In the lead market following a call by the British Battery Manufacturers' Association (BBMA) to curb speculation In lead on the London Metal Exchange (LME),
      Reuter  -  268 words
    • Article
      Lock icon Exports of rubber up
      150 8 Reuter EXPORTS of sheet and crepe rubber from Singapore and Peninsular Malaysia rose to 179,930 tonnes In November from 171,917 In October and 151,755 In November 1975, statistics department figures show. The United Kingdom took 11,864 tonnes (11,206 In October) US 34,157 29,838), West Germany 15,698
      Reuter  -  150 words
    • MONEY AND EXCHANGES
      • Article
        Australia/NZ
        47 8 AUSTRALIA/NZ exchanges quoted on Feb 21 Australia: Sterling 0.6458/0.6387 US dollar 1.0976/1.0928 Ninety-day air mall buying rates: Sterling 0.6722 US dollars 1.1226 Ninety-day forward buying rates: Sterling 0.6588 US dollars 1.0957 New Zealand: Sterling 0.5603/0.5572 US dollars 0.9598/0.9498 Ninety-day forward rate: Sterling 0.5942 US dollar 0.9777
        47 words
      • Article
        Frankfurt
        31 8 FRANKFURT exchanges quotes on Feb 21:US 2.3900/15 (2.3945/55) Can 2.3170/85 UK 4.065/080 Neth 95.72/87 Switz 94.13/28 Italy 2.705/720 France 47.88/48.03 Norw 45.36/44 Belg com 6.515/530 Belg fin 6.50/51 Japan 0.8440/55
        31 words
      • Article
        Eurobond Prices
        315 8 LONDON, Mon. Straight bonds were largely unchanged to slightly easier following the Increase In the US consumer price Index and the slightly easier US bond market, dealers said. Volume was moderate. In first time dealing the Great Lakes Paper Co $20 million 8 3/4 per cent issue priced
        315 words
      • Article
        Singapore
        627 8 THE holiday mood continued to overhang hading In Singapore's lnter-bank market which saw thin conditions for most part of yesterday. Domestic money met with some interest, but this was centred on overnight funds. Opening uncertain at the eight per cent level yesterday, overnight money was traded erratically between seven
        627 words
      • Article
        Asian $ rates
        155 8 Asian rates ASIAN currency deposit interbank rates u at close on Feb >1 L'8 Doll lars (Spot) Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths Smths 12 mttu .4 3/4 .47/t 5 .5 1/8 .5 V* 513/16 .6l/t 4 S/t 4 3/4 47/t 3 91/1 S11/16
        155 words
      • Article
        Discount
        50 8 RANGE of price* offered by discount houses on Feb 21 Overnlfht 1 15/16 to 3* Call deposit 2W to 3"H ClMia« Buy SelllM 3-Month Treasury bills 3 27/8 3-month Banks bills 4 1/16 315/16 3-Months CD 41/16 4 5/16 6-Month CO 4 9/16 4 5/16 Source: National Discount Co
        50 words
      • Article
        London
        375 8 LONDON, Mon. Major currencies were little changed from late Friday levels in quiet early trading, with the market subdued by today's holidays in the US and In parts of Germany, dealers said. The French franc and Peseta, which came under pressure on Friday, both stabilised this morning, while the
        375 words
      • Article
        Tokyo
        192 8 TOKYO, Mon. The US dollar for overnight delivery closed lower at 283.05 yen compared with 283.20 at the opening and 283.45 at last Friday's close, reflecting revived expectations that the yen may appreciate again, dealers said. The US unit initially rose to 283.50 yen, at which level dollars began
        192 words
      • Article
        Euro $ rates
        149 8 Euro rates LONDON, Mon. Eurodollar deposits opened steady apart from two Months which was 1/8 easier because of the loss of a Friday end of period, dealers said. Trading was quiet due to today's US holiday, Washington's birthday. Some dealers noted a slight hardening In Three and Six months reflecting
        149 words
      • Article
        Minimum lending rates (in %)
        64 8 Minimum lending rates (in ACBC 6 J First Chicago 6* Algemene Bank 8 V. Citibank 6V, Bangkok Bank 7* HSBC 7 Bank of America 8V. Indosuez 6* Bank of China .7 Malayan Banking 6% Bank of Tokyo 8V« Mitsui Bank 8*. Bank Negara OCBC 8*4 Indonesia .7 OUB 8V. Chartered
        64 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      444 8 11l Er lt /77/ II m Sy KTop 13 THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies, withered
      444 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article, Illustration
      Lock icon More assembly links abroad for Japanese car firms
      441 9  -  By JULIAN KERRIN Reuter PLANS by Japan's Toyota motor company to build engines in Australia Illustrate a growing trend among Japanese vehicle manufacturers to expand their assembly and manufacturing tie-ups abroad. In one complex deal, the Toyo Kogyo company makers of Mazda
      Reuter  -  441 words
    • Article
      Lock icon Hitachi puts a foot in Europe's back door
      2115 9 UK fears a new wave of TV tube imports. Max Wilkinson reports. Financial Times JUST a year after Thorn was forced to close Its £14 million (5J58.8 million) television tube factory In Skelmersdale, Lancashire, work Is starting on a new plant to
      Financial Times  -  2,115 words
    • Article, Illustration
      IN PORT
      298 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Antonlos Coulouthros (2000 tide after Oriental Hawk) 18 Fernandoeverett (0600) 23/ 24 Hamburg Maru (JKMY) (0600 35/ 36 Hy eon J In (2000 tide) 29/ 30 La Rloja (LRQQ) (0600 after Charlotte Maersk) 1/2 Queen Elizabeth 2 0800) 46/ 47 Rlnoula (SXFZ) (after
      298 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      579 9 ARRIVALS Service Local Operator Number Time From CAL C1331 0040 TPE/HKG/ KUL TMA TL303B 0215 BEY/DXB/ BOM/KUL MAS MH682 0810 KCH JAL JL712 1000 HLP SIA SQ211 1010 HLP OIA GA980 1030 HLP QIA GA908 1100 MES SAS SK971 1130 CPH/BKK RBA B13£> 1155 BWN SIA SQ201
      579 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      428 9 MC*l*2'V77 vex 1 NO 2 FEBRUW* PWCfc *300 V r* The people who matter already know us. Join them. Get a copy from your newsvendor or mail this coupon now and get a free slip-case which will hold the 12 issues. Subscribe now and get 12 issues of Singapore Business
      428 words
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  • Article
    West Asian contracts rivalry gets more ruthless
    606 10  -  By LORNE BARLING IRAN, Saudi Arabia Nigeria will in the near future place contracts for railways systems which will amount to the impressive total of more than US$5 billion. These are prizes which the world's industrial nations, many suffering from chronic balance of
    606 words
  • Article, Illustration
    Five steps to save the textile trade
    1474 10  -  The cake gets smaller every day, but the Malaysian Government can help to improve the situation Second of a two-part series By LOW LEE CHOO KUALA LUMPUR Although the Government has recently announced a package deal to boost textile firms' efficiency and export
    1,474 words
  • Article
    Lock icon Queues of buyers who want a home of their own
    557 10  -  Br PAUL LOONG UPI THE newly rich of landscarce Hong Kong are literally waiting in line* these days for a chance to become homeowners. Thousands recently spent two nights waiting outside a real estate office to make a deposit on
    UPI  -  557 words
  • Article
    Lock icon Japanese imports had a boom in US last year
    562 10 NEW YORK, Mon. UPI FOR American businessmen, 1976 was a mixed year, but for some Japanese companies selling in the United States It was an unqualified boom year. Japanese businessmen, selling everything from autos to chlnaware here, see the United States
    UPI  -  562 words
  • Article, Illustration
    Lock icon Marks and Spencer: Drive to 'spread the gospel'
    1271 10  -  By ELINOR GOODMAN Financial Times AS COALS to Newcastle i stories go, selling British- < made shirts and underwear j to Hongkong takes some i beating. Yet last year, t Marks and Spencer exported around £1 million t (554.2 million) worth of
    Financial Times  -  1,271 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      280 10 APPOINTMENTS MARKETING EXECUTIVES PURCHASING EXECUTIVE Due to expansion a well established Company invites applications from Singapore Citizens with the following qualifications:(a) Marketing Executives (3 Posts) Tertiary qualification Preferably with 2 years or more marketing experience in consumer products Initiative and will to achieve results (b) Purchasing Executive HSC or higher
      280 words
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      Page 10 Advertisements Column 2
      322 10 ECONOMIC DEVELOPMENT BOARD eOn PUBLIC RELATIONS MANAGER The Economic Development Board would like to invite applications for the above appointment. Qualifications (1) An honours degree from a recognised university. (2) A good command of English with a flair for writing. (3) Ability to speak and read Mandarin. (4) Candidates should
      322 words
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      Page 10 Advertisements Column 3
      3 10 See Page 9
      3 words
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  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      468 11 How advertisers can mount a campaign aimed at businessmen Tactical information from Business Times r^r "v I r* [j 3. Shotgun approach beware. Be careful about spreading your message across too many publications. This approach is called the shotgun approach. A secret: Research into readership indicates that readership of advertisements
      468 words
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  • Article
    'We are still in equity phase'
    230 12 AMID increasing signs of a hiatus In world economic recovery, one firm of Singapore stockbrokers, Lyall L Evatt, remains confident that we are "still In the equity phase of the economic cycle. "As long as this Is so, the local stock markets with their
    230 words
  • Article
    Lock icon Progress at MSE
    149 12 Reuter JOHORE BARU, Mon. A Malaysian-Japanese Joint venture shipyard here, Malaysia Shipyard Engineering reported it has made steady progress since It began operations last September. Malaysian joint general manager, Enclk Mohamed Talb said so far, 18 vessels naa docked for repairs at the shipyard, and the company
    Reuter  -  149 words
  • Article
    LONDON STOCKS
    778 12 LONDON. Mon. The stock market was easier on lack of Interest and small amount of selling. dealers said. At 3 p.m. the Financial Times Index was off 3.7 at 339.3. Last week's rise In the retail price Index, possibility of a Cabinet reshuffle and the British Leyland labour
    778 words
  • Article
    Lock icon Reserves of gold, cash fall
    107 12 Reuter KUALA LUMPUR, Mon. Bulk Negara Malaysia said its gold and foreign exchange reserve# fell slightly to M 55.91 billion on Jan 31 from $5.93 billion on Jan 15 and 15.92 billion on Dee 31. Its fortnightly balance sheets showed total assets also fell to
    Reuter  -  107 words
  • Article
    SUITS
    138 12 A PANAMANIAN registered company has taken out a US$l.56 million (563.8 million) admiralty suit In the High Court here against the owners and other persons interested in the vessel "Urlko." In its citation In support of its suit, General Maritime Enterprise of Panama claims the amount for nonpayment of
    138 words
  • Article
    Govt public auction on Feb 28
    97 12 THE Government is offering 74 lots of used motor vehicles, plants and stores for public auction on Feb 28, the Public Works Department announced yesterday. The auction is at the 6 remises of Messrs Cheong [oon Seng Company (Pte) at 58, Market Street, Singapore
    97 words
  • Article
    Lock icon Hussein to visit US
    36 12 Reuter AMMAN, Mon. King Hussein will visit the United States In April, according to United States Secretary of State Cyrus Vance. King Hussein last visited the United States late last year. Reuter.
    Reuter  -  36 words
  • Article
    IBF diploma to upgrade financial skill?
    363 12 A SINGAPORE banking diploma may be granted to bank personnel in future. The Institute of Banking and Finance (IBF) Is considering a diploma course as part of Its programme to upgrade financial expertise here. Business Times understands that If plans are apE roved, the
    363 words
  • Article
    S'pore among best in tackling inflation
    412 12 SINGAPORE'S inflation record Is now one of the best In the world in terms of consumer price movements although the growth In money supply here has not been as restrained as elsewhere. This emerges In a survey of Inflation around the world which appears
    412 words
  • Article
    H Leong gives $lm away
    262 12 THE Hong Leong group of companies has set $1 million aside for various charitable, educational, medical, and social projects In Singapore to mark the official opening of Hong Leong Building, and the 36th and 10th anniversaries of Hong Leong Company and Hong Leong Finance respectively.
    262 words
  • Article
    Lock icon Jungle hunt for Reds hots up
    207 12 Reuter KUALA LUMPUR, Mon. Malaysian security forces today stepped up operations to capture two small bands of communist terrorists holding out in the dense jungles of Pahang and Perak states, officials said. They said troops and police sweeping the Jungles of the Telemong area
    Reuter  -  207 words
  • Article
    SOAP OR RUM, BESO EXECS CAN MAKE YOUR FIRM HUM
    927 12 FOUR years ago, It was recognised in Britain that a rich pool of talent lay largely unused among retired businessmen, all with a lifetime of working experience behind them. It was then that the Institute of Directors in Britain, together
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  • Article
    Lock icon Air chief: Asean exercises can be expanded
    130 12 Reuter KUALA LUMPUR. Mon. Joint air exercises held by Indonesia and Malaysia can be expanded to Include other members of the Association of South-east Asian Nations (Asean), an Indonesian air force chief said here today. Air Vice Marshal Ashadl Tajahjadl, deputy chief of
    Reuter  -  130 words
  • IN PARLIAMENT YESTERDAY
    • Article
      Call for more efforts to push exports
      556 12 DR. Augustine Tan, MP for Whaxnpoa and associate professor at the University of Singapore, yesterday urged greater efforts in export promotion after telling Parliament that he expects that, while growth rates In the Industrial countries can be marginally improved, unemployment ana Inflation will
      556 words
    • Article
      Action against illegal trawling
      344 12 THE Primary Production Department last year conducted 55 operations against Illegal trawling with the assistance of the Marine Police. Four persons were arrested for Illegal trawling In the Johore Straits In the last three months and legal action is being taken against them. This information was
      344 words
    • Article
      'Set up advisory panels'
      70 12 THE MP for Ponggol, Mr. Ng Kah Ting, yesterday urged the Education Ministry to set up advisory committees comprising retired educationists and teachers to advise on changes In the primary and secondary education system. In his address, Mr. Ng commented that the addendum to the Ministry
      70 words
    • Article
      'Extend debate to mass media'
      158 12 DR. Ong Leong Boon, MP for Kim Seng, yesterday suggested to Parliament the debate should be extended beyond Parliament into the newspapers, radio and television. MP s and Ministers, he said, should participate in debates on government policy or policy-implemen-tation if invited, In the mass
      158 words
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      Page 12 Advertisements Column 1
      10 12 (Tljcea tff Executive's Lunch Special Roast from our Silver Wagon
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      Page 12 Advertisements Column 2
      147 12 Leipzig Fair German Democratic Republic 13/20 March 1977 Leipzig Fair offers every visitor up-to-the-minute information, valuable contacts and first class business opportunities. Centrepiece of the display is the exhibition of high quality products of the GDR. Of interest to specialists from all over the world will be the exhibitions of
      147 words