The Business Times, 12 January 1977
1977-01-12
1
12
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The Business Times
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Title Section10 1977-01-12 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, JANUARY 12, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article47 1977-01-12 1 STERLING rose strongly yesterday in the Singapore foreign exchange market, but closed off best. It was traded at $4.2573 for the greater part of the day from the previous level of $4.2080, but managed to go as high as $4.2863 In the morning.47 words
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Article40 1977-01-12 1 A MINISTRY of Communications spokesman last night, commenting on the magistrate court's ruling on the legality of the Area Licensing Scheme, urged motorists to continue to observe ALS rules. An appeal against the ruling has been filed.40 words
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Article71 1977-01-12 1 UPI PITTSBURGH, Tues. A former official of the Qulf Oil Corp. has denied any knowledge of an International cartel of uranium suppliers to fix prices and boycott certain purchasers of the radioactive element. The official, Mr. Carl Rolander, who recently retired as senior vice-president of Gulf, Issued theUPI - 71 words
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Article63 1977-01-12 1 Reuter PARIS, Tues. A Paris court today ordered the immediate release of Palestinian leader Abu Daoud, detained by French secret police last Friday. The court rejected an extradition demand from Israel and a detention request from a West German court. Daoud is the suspected organiser of theReuter - 63 words
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Article61 1977-01-12 1 COLOMBO, Sri Lanka Tues. Water taps ran dry in some towns and firemen threatened to walk off the Job today as labour unrest spread. The government called in more troops to provide essential services In this island nation. The strikes, involving many communist-led unions, were threatening the61 words
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Article70 1977-01-12 1 UPI CAIRO, Tues. Egyptian-American relations are "progressing satisfactorily" but Egypt resents the supply of American advanced weapons to Israel and considers this a case of rewarding aggression, Foreign Minister Ismail Fahml said today. In a foreign policy report to a Joint meeting of Parliament's International relations,UPI - 70 words
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Article55 1977-01-12 1 Reuter KUALA LUMPUR, Tues. A delegation from the Chubu Economic Federation of Japan will visit Malaysia from Friday as part of a tour of Southeast Asian countries, a government statement said today. The group of 21 business leaders, from Chubu prefecture, will examine the Investment climate In MalaysiaReuter - 55 words
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Article44 1977-01-12 1 UPI NEW YORK, Tues. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 987.53, up 0.66; 20 transp 237.12, up 0.32; 15 utlls 108.38, up 0.28; 65 stocks 322.29, up 0.38. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration188 1977-01-12 1 TRADING turned erratic at the Stock Exchange of Singapore yesterday, with most shares ending in minus territory. Among the few gainers were Times Publishing which rose a further four cents to $3.40 on the strength of its better-than-expected results. The Business Times index fell 3.87 points to188 words
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Article127 1977-01-12 1 Falls Mo*t active Go Idea Hope $3.26 -.16 Central Safari 183,000 C. Storage $3.22 -.10 Haw Par 162,000 Roth man* $3.18 -.10 General Lumber 143,000 Roxy Elect. $1.85 -.10 Pan Electric 123,000 M. Flour $2.69 -.09 Total Turaover .1.83 M Bo us trad $3.62 -.08 Total Value127 words
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818 1977-01-12 1 AS STORE'S PRIORITIES CHANGE IF the world outlook does not brighten soon, Singapore may well be forced to re-direct her economic strategy at least as far as foreign investment, the manufacturing sector and certain export markets are concerned. This Is because new priorities and new818 words
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Article153 1977-01-12 1 A MAGISTRATE yesterday ruled that the Area Licensing Scheme and the Restricted Zone were illegal. Magistrate Jeffrey Chen accepted the submission of lawyer Mr. J.B. Jeyaretnam that "there is no provision in law empowering the Minister to impose a fee on vehicles entering the restricted zone153 words
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446 1977-01-12 1 THE International Bank of Singapore (IBS) a consortium bank started nearly, three years ago by the four largest local banks, will be able to live up more fully to Its name when its plans to open a branch In Manila and Seoul materialise446 words
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Article237 1977-01-12 1 Reuter LONDON, Tues. Complex financial manoeuvres, alleged to have been used to conceal enormous profits In Far Bast companies, were outlined today at the extradition hearing of the British financier, Jim Slater. The Singapore Government wants the extradition of Slater, 47, the former chairman ofReuter - 237 words
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352 1977-01-12 1 AP TEHERAN, Tues. Iran will switch to a barter system in ita petroleum dealings and reduce foreign aid because of thorp decline in oil exports since the first of the year, a Government Minister announced today. The Minister of state for Planning andAP - 352 words
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303 1977-01-12 1 KUALA LUMPUR, Tum. The government is to further streamline procedures In approving applications for the setting up of Industries In the country through a "Dackaie deal for investors, Dr &hathlr Mohamad said here tonight. For a start the cabinet committee on Investments has303 words
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158 1977-01-12 1 Asian mart to finance Dubai project THE ASIAN dollar market is being tapped for fund* to finance a massive aluminium smelting project in the Emirate of Dubai. Several Singapore and Far Eastern banks have been invited by the lead manager; Morgan Grenfell and Co, to participate in the US$225 million158 words
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Article135 1977-01-12 1 THE Ministry of Labour has intervened to avert industrial action at four companies which have been accused by branches of the Singapore Industrial Labour Organisation of taking unfair advantage of the workers. The Ministry has called up the management of Western Eagle, Chong Engineering, Overseas Electronics135 words
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403 1977-01-12 1 THE recent slowdown In growth among Singapore finance houses, relative to other deposit-taking institutions, Is confirmed in the current edition of the Stock Exchange of Singapore Journal. Moreover, a possible explanation is advanced as to why finance houses as a whole managed only a 5.2403 words
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Article194 1977-01-12 1 FOUR more members have been broughi Into the council of the Association of Banks in Singapore, raising the strength of the council the policy-making body of ABS to 12. The additional members are Asia Commercial Banking Corporation and Tat Lee Bank, both local banks,194 words
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Page 1 Advertisements
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Advertisement42 1977-01-12 1 UnrwaMosecurity and Fair Dealing over 131 years, Our Clients can be Assured... MB Royal Insurance IIKOfWMM 1* I looks after you. Fast 18th Fir., Ocean Building, Collyer Quay, .Singapore 1. Tel: ***** *****1. SEE PAGES 8 AND 12 SEE THIS PAGE INSIDE42 words
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Advertisement103 1977-01-12 1 You want to put your money in the bank. And it burns you up to have to stand in line for the privilege of doing it. Chase understands. That's why we have a Quick Deposit Box. Just put the check with the deposit slip in our envelope and drop it103 words
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Advertisement182 1977-01-12 1 NOW Cool healthy pollution-five O* ftnmng is POSSIBLE C»».mAßuenu COOL- /VI>ASTER pureacc A* CAD AIR CONDmONCB A*> PURSER i®: CHUNG SHAN MOTORS 5-11 GOLDHILL Tel *****2 240 LAVENDER STREET Tel *****80 Now your old printing calculator is worth $100 when you trade it in For a limited period only Here's182 words
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OVERSEAS
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238 1977-01-12 2 UPI WASHINGTON, Tues. Union leaders yesterday condemned President-elect Jimmy Carter's two-year, US$l5 billion (5536.75 billion) programme for economic stimulus, describing it as a ••retreat" from his campaign promise to cut unemployment. The American Federation of Labour-congress of Industrial Organisations specifically opposed Mr. Carter'sUPI - 238 words
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Article62 1977-01-12 2 Reuter BERNE, Tues Switzerland's consumer price index rose 0.2 per cent in December to 167.1 base September 1966. making a rise of 1.3 per cent over the whole year, the Federal Office of Industry, Trade and Labour said. In 1976 inflation rate of 1.3 per cent wasReuter - 62 words
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389 1977-01-12 2 TOKYO, Tuesday UPI THE Government yesterday agreed on an official forecast that Japan would have a real economic growth rate of 6.7 per cent during 1977 fiscal year starting April 1. The rise in consumer prices is forecast at 7.7 perUPI - 389 words
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Article203 1977-01-12 2 Reuter DOHA. Tues. Qatar will increase its development spending this year to 6.3 billion rials. Finance and Oil Minister Abdel-Aziz bin Khalifa AlThani said in a statement broadcast by Qatar Radio that development expenditure accounts for the major part of this year's budget, approved byReuter - 203 words
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Article71 1977-01-12 2 UPI WASHINGTON, Tues. Secretary of Statedesignate Cyrus Vance said yesterday "a new approach to energy" and economic issues will rank high on Vice President Walter Mondale's agenda during the Carter Administration's first of- flcial visits to Western Europe and Japan. "A new approach to energy is one ofUPI - 71 words
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Article55 1977-01-12 2 Reuter NICOSIA, Tues. The Government of the self-pro-claimed Turkish federated state of Cyprus said yesterday that 20 per cent of this year's budget will go on defence. New Finance Minister Mustafa Cagatay, Presenting the Turkish-Cyprlot administration's budget, said defence accounted for the largest slice 242 million turklshReuter - 55 words
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344 1977-01-12 2 AP JEDDAH. Tues. Arab foreign minister* ended their conference in Riyadh yesterday and returned home after reaching agreement on recommendations for continuing financial aid to Egypt. Syria, Jordan and the Palestine Liberation Organisation for their fight against Israel. There was no official statement atAP - 344 words
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642 1977-01-12 2 Reuter ROME, Tues. Bank of Italy governor Paolo Baffl Is meeting IMF managing director Johannes Witteveen Informally In Basle today to discuss prospects for the Italian economy, following the Italian unions' refusal to alter the Indexing system known as Scala Mobile, official sourcesReuter - 642 words
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Article57 1977-01-12 2 Reuter TOKYO, Tues. Japan's December wholesale price Index rose 0.1 percent to 168.9 (base 1970) from 168.7 In November, and was up 6.1 per cent from 159.2 In December 1975, the Bank of Japan said. The Bank said the rate of Increase which matched the OctoberReuter - 57 words
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250 1977-01-12 2 AP BRUSSELS. Tues. Planner* at the North Atlantic Treaty Organisation (Nato.) headquarters here yesterday defended keeping US nuclear weapons in Europe as a deterrent to an attack by the Soviet Union. They disagreed with a study from the budget office of the US Congress, which suggestedAP - 250 words
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580 1977-01-12 2 WASHINGTON, Tuesday NYT MR. CHARLES Schultze. the chairman-designate of the Council of Economic Advisers, said yesterday that he expected to be able to see some results from the Carter administration's economic stimulus package by summer, and possibly sooner. Assuming Congress acts promptly onNYT - 580 words
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Article, Illustration402 1977-01-12 2 AP WASHINGTON, Tues. American Secretary of State Henry Kissinger, in a valedictory to the Washington Press Crops, dismissed yesterday the notion that the Soviet Union has gained military superiority over the United States. In a nuclear age, Dr. Kissinger said, "The term supremacy, whenAP - 402 words
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Article156 1977-01-12 2 Reuter LONDON, Tues. The British government has no plans to introduce Import controls on Japanese cars, electronic goods or steel products, Parliament was told today. The Under Secretary of State for Trade, Mr. Michael Meacher, had been asked by a ruling Labour Party member whether,Reuter - 156 words
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Article145 1977-01-12 2 Reuter WASHINGTON, Tues. United States Commerce Secretary designate Juanita Kreps yesterday supported tough new legislation against the Arab trade boycott of Israel. Mrs. Kreps told the Senate commerce committee that legislation which died at the end of the last Congress would be not only acceptableReuter - 145 words
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Page 2 Advertisements
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Advertisement138 1977-01-12 2 See this page. The hot drink prauider B M M. ii p V: 0 VuhkMaJLtii How Drinkmaster provides staff or visitors with hot, freshly-made drinks without delay or trouble ana at very low cost r You buy your Drinkmaster outright at very low cost. Plug into electricity supply. No plumbing138 words
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Page 2 Miscellaneous
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Miscellaneous330 1977-01-12 2 WEATHER report for 24 hours prior to 7.30 p.m. on Jan 11 at Singapore airport. Maximum temperature 31.2° C Associated humidity 66 Minimum temperature 22.1 C Associated humidity Hours of sunshine S.fis Rainfall in millimetres Nil Total rainfall for the month 5K.4 Total rainy days for the month 7 ESSEEiMSM330 words
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Page 3 Advertisements
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Advertisement217 1977-01-12 3 hmmK a leTriS LOCKHEED LrKttl Soon passengers flying long routes will be able to stretch out and enjoy the L-1011 TriStar's comfort in even quieter surroundings. The longrange TriStar—the Dash 500— is in production. And it will be even quieter inside than the TriStars now serving 10 airlines around the217 words
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COMPANY NEWS
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Article537 1977-01-12 4 HIGHER production and Improved commodity prices have lifted pre-tax profit at Temerloh Rubber Estates by 49.2 per cent In the first six months ended Oct 31, 1976. On an increase of 67 per cent in estates earnings, pre-tax profit for the first half-year rose to M537 words
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Article213 1977-01-12 4 WORLDWIDE Holdings has proved to be an extremely volatile company where directors are concerned. Last week, the company gave notice that one more of its directors and its two company secretaries have resigned. They are Mr. Lewis Altman. a London stockbroker whose firm was recently suspended213 words
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COMPANY MEETINGS
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23 1977-01-12 4 THE following meetings are due: Jan 18, 11.30% a.m., 4th Floor Bangunan MIDF 117, Jalan Ampang, Kuala Lumpur.23 words
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Article14 1977-01-12 4 Jan 21, 12 noon, at Raffles Hotel, Beach Road, Singapore 7.14 words
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Article14 1977-01-12 4 Cycle Carriage Ltd.: Jan 22, 12 noon. Mandarin Hotel, 333 Orchard Road, Singapore 9.14 words
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Article19 1977-01-12 4 Jan 29, at the Board Room, 3rd Floor, Bangunan UMBC, Jalan Sulalman, Kuala Lumpur.19 words
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Article313 1977-01-12 4 Current Ex Date Total for Total far payment Dat payable tbe yaar previews year Lower Pmk Ha 15*+ Dec 15 Jan 12 15*+ 30* Sovran Domttud OH Dec. 16 Jan 12 8* 8* 15*+ Dec' 28 Jan 14 15*+ 40* N.S.O.P. 10*+ Dec, 21 Jan 15 10*+ 17.5*313 words
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2163 1977-01-12 4 TONY HAWKINS - The concept of consortium banking, while by no means wholly rejected, has undergone considerable modification in recent years. Growth in the number of consortia has fallen away, size, function and management objectives have come to vary widely, and the label Eurobank hasFT - 2,163 words
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Article75 1977-01-12 4 Reuter FRANKFURT, Tues. Brazilian electric utility Light-Servlcos de Eletrlcidade Is planning a 100 million mark Eurobond later this month, banking sources said. Lead manager Is Westdeutsche Landesbank Girozentrale, which managed a US$lOO million Eurocredit for the same borrower late last year: The Issue will be the thrldReuter - 75 words
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325 1977-01-12 4 UPI WASHINGTON, Tues. Bechtel Corp. has agreed not to cooperate with the Arab boycott of firms dealing with Israel and In exchange, the Justice Department dropped anti-trust charges against the firm, one of the world's largest construction companies. The consent decree was filed InUPI - 325 words
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Article277 1977-01-12 4 AS scheduled, Perak Carbide has completed preparation work on its ferro-slllcon project and will carry out trial run production sometime this week. The company says In a letter to the Kuala Lumpur Stock Exchange on Jan 7 that Its 5.400-kllowatt electric furnace prepared for the purpose will277 words
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Article38 1977-01-12 4 HIDONG Estate has suffered a pre-tax loss of M 559.925 million for the first half-year ended Sept 30, 1976, compared with a profit of $17,387 previously. The company says there probably will not be a dividend.38 words
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249 1977-01-12 4 BOUSTEAD Holdings Is to take up a 28 per cent stake In a new Malaysian insurance company, Royal Insurance (Malaysia), by subscribing for 1.4 million Msl shares In cash. Boustead chairman, Mr. Alan Charton says In a statement that under a scheme of249 words
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Article147 1977-01-12 4 AP NEW YORK, Tues. Arabian American Oil Co (Aramco) reported that its petroleum production in Saudi Arabia averaged more than 8.3 million barrels a day in 1976 for a record total for the year of more than 3.05 billion barrels. The previous peak had been inAP - 147 words
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Article56 1977-01-12 4 Reuter LONDON, Tues. The planned Banaue Canadlenne National (BCN) raising of Cs3o million through a five-year Eurobond note Issue has been withdrawn. Wood Gundy said as lead manager. A Wood Gundy spokesman said, "As a result of problems in communications between London and Canada, this loan, for the timeReuter - 56 words
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Article1177 1977-01-12 4 On January 10 PRICES on the Chicago Board Options Exchange pointed lower on Monday, with declines ahead of advances, 280 to 180. Turnover approximated 78,531 contracts, compared with 78,835 contracts last Flrday. OPTION JAN APL JLY STOCK Alcoa 45 10 7/8 NOL NOL 55 7/8 Alcoa SO1,177 words
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Page 4 Advertisements
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Advertisement194 1977-01-12 4 Chivas Regal Scotland's prince of whiskies v 54 c. r 12 PI m Another fine product brought to you by food bevi (private) ltd. Vas Rt i>3 875. Bl kll lIMAM KOAI) 6 SIMCAPOKE. I" TEL 66*91 J PO H..x :i123 KUAI A LUMPUR TEI K64SJ H C> t N194 words
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INTERNATIONAL COMPANY NEWS
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Article266 1977-01-12 5 STOCKHOLM, Tues. Gotaas-Larsen, the shipping subsidiary of the American IU International Corporation. is expected to report a loss for the last quarter of 1976 which will mean a reduction in its earnings contribution to the parent for the third successive year. Gotaas-Larsen's difficulties, largely a result of266 words
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Article104 1977-01-12 5 AP TOKYO. Tues. Koyo Seiko of Japan said it has signed a 6,000 million yen (SSSI million) contract to supply a bearing production plant to Uzinexportimport of Romania. Koyo Seiko officials said the plant would have an annual production capacity of 16.5 million specialAP - 104 words
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Article100 1977-01-12 5 Reuter FRANKFURT. Tues. The Austrian state hopes next month to make a 100 million mark private placement with Bayerlsche Verelnsbank (Bayernverein) as lead manager, primary bond market sources said. Firm negotiations are not yet underway, but It seems terms will not differ radically from the 100 million, sevenReuter - 100 words
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Article601 1977-01-12 5 NYT NEW YORK, Tues. An analyst who follows National Semiconductor has noted that the stock bounded to US$55 a share in early 1976 from a low of less than $7 in late 1974. Wall Street was either wrong about the company in 1975 and early 1976, orNYT - 601 words
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Article357 1977-01-12 5 Reuter TOKYO, Tues. The Finance Ministry plans shortly to permit a substantial expansion of GenSaki trading, a relatively free market in Japan for short-term transactions in bonds and debentures, by raising the limit for its outstanding balance, ministry sources said. The ministry has also asked the FederationReuter - 357 words
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383 1977-01-12 5 Reuter NEW YORK, Tues. Growth in capital spending by the US petroleum industry in 1977 is likely to be below 1976 and acutal spending mav show little change in real terms, banking and company sources said. The companies' planned expenditures may total around US$2lReuter - 383 words
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237 1977-01-12 5 LONDON. Tues. An £8 million Improvement In the second half lifts pre-tax profit of Allied Breweries by £2.8 million to £63 million for the 52 weeks to Sept 25, 1976, after £27.9 million (£33.1 mUllon) at halfway. In October the directors forecast year-end profit of237 words
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288 1977-01-12 5 NYT WASHINGTON. Tues. Boosted by a strong showing at Christmas, retail sales in December rose by 3.1 per cent, the biggest monthly increase in more than four years, the Commerce Department reported. The rise in sales, to U5557.37 billion in December from $55.66 billion inNYT - 288 words
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343 1977-01-12 5 FT JOHANNESBURG, Tues. The South African mutual fund (unit trust) industry, which is capitalised at about R285 million, achieved overall stability in the quarter ended Dec 31. with cash inflows to the 11 funds balancing outflows. In practice, this means that repurchases were rather higherFT - 343 words
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Article1071 1977-01-12 5 William Dullforce - KEMANORD/SWEDISH MATCH By William Dullforce FT THE bid by KemaNord, a I relatively small chemical company, for the international conglomerate Swedish Match has electrified the Swedish business scene in a season i when it is normally dor- mant. It has sparked off i widespread gossip about theFT - 1,071 words
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Article819 1977-01-12 5 ELIZABETH M. FOWLER - By ELIZABETH M. FOWLER NYT JOB prospects for executives look bright this year, but how bright Is a m;itter of opinion. Wytmar of Chicago, a leading recruiting firm, has just issued a report for the fourth quarter on executive appointments. It said that while for all ofNYT - 819 words
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507 1977-01-12 5 FT STOCKHOLM, Tues. An Increase of 58 per cent In pre-tax profit of £41 million Is reported by Wellcome Foundation, for the year ended Aug 28, 1976. Sales, up 36 per cent at 1290 million have increased in all four operating regions. TheFT - 507 words
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Page 5 Advertisements
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Advertisement320 1977-01-12 5 Many cars offer some of the things a\blvo does. No car in the same class offers all the tilings a\folvo does. This sounds like quite a claim. But if you check this list against any other car of the same class, you'll find that we're not just making idle talk.320 words
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Article2120 1977-01-12 6 \Yivn Hi«k Low C—p—y Lut Sale +orGr't div Div c'yt Gr't y'W Net P/E Vol COM) Day High Low SECTION ONE INDUSTRIALS 175* 206 100 237 186 402 204 248 460 137 133 172 60 185 66 254 149 172 394 39 Ac ma Alcom Allied Choc2,120 words
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Article1691 1977-01-12 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 Bited after the word ••Sett." Board deals1,691 words
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Article1433 1977-01-12 6 BID and otter prices officially listed and business In and r jrted to the Kuala Lumpur &«ock Exchange yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS At ma (1.458 1.438), XBI. A. Tap* (0 40B) (1)1,433 words
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Article139 1977-01-12 6 B O T 8 1/2% 1981 (100.000) (103'/iB *****8) D BSBI/n 1982 (100.000) (100B 101S) DBS Converts S 1/2% 1991 (100.000) (97\8 98*8) E I B 9% 1982 (100.000) (1048 104*i.S) E I B 8 1/4% 1983 (100.000) (10o*B 101S) I B J 8 1/2% 1981 (100.000)139 words
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Article112 1977-01-12 6 5 1/2% 1/12/77 (1,000.000) (101 568 101.665) 5 1/2% 15/4/78 (1.000.000) (101 658 101.755) 5 1/4% 15/7/78 (1.000.000) (101 368 101 455) 6 1/2% 15/8/78 (1,000,000) (103 308 103 48S) 7% 1/7/79 (1,000.000) (104.83B) 5 1/4% IVIO/79 (1.000.000) (100 838 100.955) 6 3/4% 15/6/80 (1,000.000) (102.958 103112 words
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Page 6 Advertisements
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Advertisement241 1977-01-12 6 pk- v■• mmm* 5S i..' vv I .:,r 1 cBS® t€&v* SSE V V i 2 i:-' »?sf n *%s y -r > >: W '•;--r :ti <"^v r- f. Sh&@h£' ■r--4M Alex Josey has long been an observer, recorder and commentator of the Singapore scene. In this new book,241 words
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Article520 1977-01-12 7 TRADING conditions turned erratic following the withdrawal of speculative support a wide front at the Stock Exchange of Singapore yesterday. On balance prices finished with losess slightly ahead of gains. Ia the majority at cases, prico movements ware narrow because of the lack of concerted support or520 words
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Article405 1977-01-12 7 PROFIT-TAKING continued to depress prices In much reduced trading on the Kuala Lumpur stock market yesterday. A feeble attempt at rally failed as profit-takers exerted their influence. Losses, though marginal, were quite widespread. In the more volatile 'ssues, the slide was steeper. Much of the405 words
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Article142 1977-01-12 7 SINGAPORE UNIT TRUST > Manager* price* for Jaa 12) The Commerce 1.77 The Saving Fund 0.97 S pore Prog. Fund 0.S1 S pore Security Fund 1 30 Spore Invest Fund ...1.07 1.97 1.02 0.90 1.37 1.13 asia unit TRuarr (Manager*' price* for Jaa 12) Mai Invest Fund 1.70142 words
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Article1160 1977-01-12 7 NEW YORK: Stock prices posted modest sains on Monday despite small pockets of selling pressure throughout the session. The news presented a mostly bullish picture for Investors but failed to generate aggressive buying Interest, analysts said. Included In the news was a private survey showing a sharp rise1,160 words
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Article305 1977-01-12 7 AMSTERDAM: The market resumed Its firmer trend on Monday after faltering at the end of last week. Unilev«r led Dutch Internationals 1.20 guilders higher while Estel's report of continuing low use of capacity had apparently no Impact on Hoocoven* which rose 0.00 In line with the sector. Most shares305 words
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Article264 1977-01-12 7 ZURICH: The market was generally higher In aetlve trading on Monday, encouraged by money-market liquidity and seasonal demand. Modest offers of new bond Issues helped boost demand for stocks, dealers said. Small gains predominated in leading banks, flnanclals and Insurances, Saurer Bearer, all three Cibe-Geigy stocks. Aldolase, Nestle d264 words
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Article300 1977-01-12 7 TORONTO: Base metals and forest products were marginally higher on index while Industrials were narrowly mixed at the close of light trading on the Toronto market, on Monday The session opened one hour later and closed an hour earlier than usual because of a heavy snowfall in the city.300 words
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Article258 1977-01-12 7 FRANKFURT: Shares held generally firm in calm trading on Monday, despite a lack of follow-up orders after the firmer start, market souces said. Largest movements came In motors where Daimler gained 5.50 marks. Other motors and engineerings were mostly up to two marks higher, steels added one while Lufthansa258 words
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Article343 1977-01-12 7 PARIS: The market was mixed in featureless trading on Monday dealers said Banks and Investments eased but foodstuffs rose slightly. Automobiles, constructions, engineerings and oils were mixed. while electrlcals. stores and rubbers fell. Chemicals gained, led by Cotelle, Mrrieux, Nobel and CM Industrie*. Americans, Oils and Dutch shares rose343 words
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Article387 1977-01-12 7 JOHANNESBURG: Gold shares eased with the lower London bullion fixing on Monday, although interest was slight and movements small, dealers said. Financial minings remained firm from the opening, though Anglos moved two cents off the top to 403 400). De Beers was seven cents stronger at 367. Coppers were387 words
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Article444 1977-01-12 7 TOKYO: Prices lost heavily on profit taking on Tuesday prompted by fears margin tradlns controls may be tight- ened following yesterday's rise, dealers said. The Dow Jones average lost 71.20 to close at 4,937.07 with volume 280 million shares. The New Index closed at 377.03 down 3.92. High-priced electrlcals,444 words
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Article427 1977-01-12 7 SYDNEY: Leading miners rose sharply on Tuesday boosted by the continuing firmness of overseas metal markets, dealers said. The Sydney all-ordlnaries index rose 1.95 points to 445.95. Copper stocks were particularly active, with Reniaon rising 36 cents to AsB and PekoWallaend 15 to 4.50. MIM gained three cents at427 words
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Article141 1977-01-12 7 MILAN: The Market closed generally lower In quiet trading on Monday, dealers said. Both Pirelli led declines in Industrials with Fiat, Montedison, both Olivetti all down. Aasicurazioni General In Insurances lost further ground as did flnanclals. Mediobanca fell slightly. Bonds were quietly steady. JAN I* Lire Ante 423 -23141 words
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Article149 1977-01-12 7 BRUSSELS: Shares rose In high trading volume on Monday, due to US President-elect Carter's relation plans, Bourse sources said. Sofina, Sidro, Hobokrn, CBR and Tabacofina rose, but profit-taking led to falls In Traction, Union Miniere and Arbed. UK, US, and French shares rose while Dutch and Germans were steady.149 words
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Article163 1977-01-12 7 MANILA: The market again fell across the board In dull turnover on Tuesday, dealers said. The metal price decline plus the uncertain domestic economic outlook depressed sentiment, they said. Oalners Included Lapanto B, Meralco and Scafrcat, but Aooje Mining, Atlas Con A and B, Baguio Gold, Phiiex A and163 words
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Article389 1977-01-12 7 HONOKONO: The market closed firmer In slow trading on Tuesday, as prices recovered following recent profit taking, dealers said. The Hang Seng Index rose 2.49 points to finish at 439.18. Hongkoag Baak gained 10 cents to $20.30. Hoagkoog Laa4 and Wbaslock Mardaa five cents each to $7.90 and $2.70389 words
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Article79 1977-01-12 7 JAN II Ba.hU Asia Fibre 108 ♦1 Bangkok Bank 243 -2 Bangkok Invest Ml lurch Bangkok-Metro-politan Bank Bata Bern Jucker 160 unch Charoong Thai Wire 157 Dumex Dusit Thanl Faber Merlin First Trust Indo-Thai J And J Ho 178 Jalaprathan Cement 87 ♦3 Kamasuta Let Kwang Mln Metal Box79 words
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Article62 1977-01-12 7 FINANCIAL TIMES INDUSTRIAL Monday 363 6 Friday 368.3 Week ago Closed DOW JONES AVERAGE INDUSTRIALS Monday 886.87 Friday 963.13 Week Ago 999.75 LONDON DOLLAR PREMIUM Monday 120*. to 121KH Friday 122 to 122*% H.K. HANG SENG Monday 436.69 Friday 441.34 Week ago 451.00 SYDNEY INDUSTRIALS Monday 362.7B Friday 360.6162 words
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Advertisement176 1977-01-12 7 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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COMMODITY REPORTS AND PRICES
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Article634 1977-01-12 8 OPENING Indications in the Singapore rubber market yesterday were marked about unchanged, and thereafter, fluctuated within a narrow range In quiet and thin trading, with sterling's firmness causing some hesitancy, dealers said. Past noon, however, good baying support for nearby forwards caused prices to move up and February634 words
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Article117 1977-01-12 8 DAILY SSR and SMR prices at noon yesterday: B.A.8. Fete (C urrent Mth) Buyer* Seller* (cent* par kg > Mar (Forward Mth) Buyer* Seller* (cents per kg) SSR 20 SSR 50 (1-ton Pallet) (1-ton Pallet) 189 00 186 50 190 00N 187 SON 190 00 187 50117 words
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Article226 1977-01-12 8 THE Straits tin pries In Penang yesterday was up $3.50 to $1,340.00 on an official offering down 29 tonnes to 286 tonnes. In LONDON yesterday, tin lost £48 per tonne for Cash and £80 for Three Months in bpth contracts Despite the further advance In the east, London226 words
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Article29 1977-01-12 8 Rubber: Jaa II Singapore: Feb. 207.25 (up 0.75 eta.) Malaysia: Feb. 212.25 (up 0.75 eta) Tin: fl.340.00 (up 13.50) Official offering: 286 too nee (down 29 tonnes)29 words
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Article103 1977-01-12 8 LONDON, Tues. Zinc lost £5 per tonne for Cash and £5.25 for Three Month*. Values followed the general downward movement under long liquidation and continued hedge selling which took Three Months down to £405.5 per tonne In the ring from £40® paid on the pre-market. Short-covering, however, steadied the103 words
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Article116 1977-01-12 8 THE following Palm Oil prices were quoted In London on Monday. The prices are elf Rotterdam and are quoted In U8 dollar per ton unless otherwise stated. Malaysia 5H ffa bulk Mch/Apl Sumatra 5% Dec Jan Feb Mar Afloat Nigerian SH ffa bulk Sterling per long ton unch116 words
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Article214 1977-01-12 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk MS sellers, old drum *90 sellers, new drum $95 sellers. Copra: Mixed (loose) UK/Cont *51 buyers. Peooer Muntok AST A white f.o.b. 100H NLW *332 *-1 sellers. Sarawak white fob 90S NLW *317* sellers. Sarawak214 words
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Article346 1977-01-12 8 IN the Singapore gold market yesterday, the kilo bar changed bands in the range of 8$ 10,240 to* $10,300, with substantial good demand seen at the lower levels. On a loco London basis, the metal was initially quoted at U*****.30/127.80, following the drop of $6.00 in the U8 futures346 words
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Article99 1977-01-12 8 LONDON, Tues. Lead feU by mostly £5.75 per tonne. The pre-market was relatively steady with Three Months business up to £321 although values (ell away in the ring in line with the trend In all metals to trade down to £317 per tonne. Some commission house buying emerged at99 words
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Article215 1977-01-12 8 LONDON, Tues Silver recorded losses of 5.0 to 5.5 pence per troy ounce. Lower values In the premarket reflected the sharp overnight drop at New York, firmer sterling and lower gold, dealers said. The market ruled steady in the ring as the lower levels attracted covering and possibly some215 words
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Article307 1977-01-12 8 LONDON,Tues. Coffee futures Initially opened lower under the Influence of New York's overnight decline and outstanding sellers' pools. By end-call, however, prices had pared earlier losses to close firm £10 to £147 up from Monday's close, with 821 lots traded. Sep. recorded the highest traded gain of around £90307 words
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Article142 1977-01-12 8 CHICAGO, Mon. Wheat futures finished the session with prices three to 4 Vt cents a bushel higher. The gains came on shortcovering and speculative buying prompted by advances In corn and soybean futures, which moved upward on weather news. Additional support derived from the reports that Egypt had purchased142 words
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Article158 1977-01-12 8 CHICAGO. Mon. Soybean futures closed with gains of five to nine cents a bushel but finished below the day's highs. Opening prices were higher and the advance continued on shortcovering and speculative buying prompted by constructive chart patterns, light farmer selling and weather news. Heavy snowfall In the mid-West158 words
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Article218 1977-01-12 8 LONDON, Tu«. Copper wirebars shoved losses of about £6 per tonne (or Chsh and £7 for Three Months. Values were marked down at the start of pre-market dealings under liquidation prompted by the firmness of sterling although the lower levels briefly attracted short-covering, dealers said. Three Months traded from218 words
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Article231 1977-01-12 8 LONDON, Tues. Futures opened firm £8.15 to £6.85 per tonne above Monday's levels. Sales totalled 1,755 lots. Dealers said the rise was due to a continuation of active trade buying Interest, particularly from one fuarter as seen on Monday, 'his is turn touched off short-covering and stoploss buying orders231 words
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Article218 1977-01-12 8 BANGKOK, Tues. Indicative prices for rice quoted in Bangkok yesterday were: US dollars per tonne fob basis Bangkok. While Rice: 100 per cent Ist class 288 100 per cent 2nd 273 100 per cent 3rd 268 5 per cent 260 10 per cent 238 15 per cent 236 20218 words
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MONEY AND EXCHANGES
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Article574 1977-01-12 8 STERLING failed to sustain its early gains in the Singapore foreign exchange market yesterday despite news that the Bank for International Settlements had agreed to extend a US$3 billion credit-line to the Bank of England to stabilise sterling balances. Although the pound rose to U551.7320/25 earlier in the morning574 words
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Article160 1977-01-12 8 Asian rates ASIAN currency deposit Interbank* rates as at dote on Jan 11. US Dollar (8»«> Offer BM 7 Days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths S 51/1# Sl/4 5 3/8 55/8 53/4 6 4 7/t 418/18 51/8 Sl/4 si n. SS/8 57/1 Sw.160 words
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Article48 1977-01-12 8 RANOE of prtcM offered bjr discount hornet on Jan 11 0*ernlftit J* Call deposit 2* to 9% CWataC Bay MUac 3-Monti) TmmnMlU I in* 1 1VM J- Month Bank bllli 4 VU J-Month CD 4 l/l 4 W 6-Month 4 1/4 4 Source: National Discount Co.48 words
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Article59 1977-01-12 8 Minimum lending rates (in ACBC 6*1 Algemene Bank .6% Bangkok Bank .7* Bank of America 6* Bank or China .7 Bank of Tokyo 0*> Bank Negara Indonesia 7% Chartered Bank ft*. Chase Manhattan 6* DBS 9\k First Chicago 6* Citibank 6* HSBC 7 Indosuez t* Malayan Banking 6* Mitsui Bank59 words
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Article227 1977-01-12 8 LONDON, Tues. Sterling opened very strong following the agreement among central bankers of a safety net for the currency while the dollar extended Monday's gain against continental currencies, dealers said. Sterling traded on heavy volume in the $1.7260/90 range, 1.75 cents up on the overnight but below the 1.74227 words
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Article162 1977-01-12 8 NEW YORK, Mon. Sterling closed 1 vt cents stronger than on Friday but below a $1.74 four-month high touched after a report that the central bankers' meeting in Basle agreed completely on the sterling balances, dealers said. Sterling closed at $1.7235/55 after touching $1.7380/7425 in a hectic initial162 words
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Article138 1977-01-12 8 HONGKONG, Tues Sterling was quoted at U551.7270/90 in late trading, slightly firmer than the $1.7235/55 New York close after an active afternoon session marked by interest from Europe and the West Asia, dealers said. The U8 dollar also closed firm In active trading at HK54.7000/40, compared with $4.0770/6810 yesterday,138 words
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Article117 1977-01-12 8 TOKYO. Tues. The dollar for overnight delivery closed higher at 292.65 yen, compared with 292.50 yen at the opening and 292.00 yen at Monday's close, mainly reflecting the strength of the US unit in overseas centres, dealers said. The dollar initially eased from the opening level to 292.30 yen117 words
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Article155 1977-01-12 8 Euro rates LONDON. Tues. Eurodollar deposits firmed in early trading in a continuation of Monday's trend, reflecting US Interest rate factors, US monetary data, and Singapore bidding for funds. Period gains ranged to around although a Friday end of period made for slightly firmer levels in Four Months. As Singapore155 words
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Article47 1977-01-12 8 AUSTRALIA/NZ exchanges quoted on Jan 11 Australia: Sterling 0.6332/0.6258 US dollar 1.0884/1.0836 Ninety-day air mail buying rates: Sterling 0.6636 US dollars 1.1145 Ninety-day forward buying rates. Sterling 0.6524 US dollars 1.0942 New Zealand: Sterling 0.5563/0.5533 US dollar 0.9555/0.9455 Ninety-day forward rate: Sterling 0.5952 US dollar 0.973347 words
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Article34 1977-01-12 8 FRANKFURT exchanges quoted on Jan 11 US 2.3870/80 Can 2.3680/ 3700 UK 4.077/ 082 Neth 95.60/75 Switz 95.16/26 Italy 2.720/ 735 France 47.80/95 Japan 0.8150/70 Belg com 6.514/520 Belg fin 6.500/513 Norw 45.45/49.34 words
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Article40 1977-01-12 8 ZURICH exchanges quoted on Jan 10. US 2.4827-4837 UK 4.2430-2460 Can 2.4615-4630 W Germ 103.94-104.03 Neth 99.37-47 France 49.72-77 Belg 6.77V4-78V« Denm 42.28-32 Norw 47.20-23 Swed 59.19-24 Italy 0.2830-2833 Austria 14.64-67 Port 7.78-80 Spain 3.62-62'/* Arg 0.85-1.00 Japan 0.84%-85'/440 words
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Article276 1977-01-12 8 LONDON, Tues. Eurobonds were mixed to slightly easier in generally moderate trading, dealers said. US issues continued easier and prices were marked down by up to V» point. Convertible bonds were easier and quiet among Japanese Issues while U8 bonds were fractionally firmer. Eurobond price* quoted on Jan276 words
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Advertisement160 1977-01-12 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding Hawaii)160 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration783 1977-01-12 9 SIMON KENT - By SIMON KENT OFNS A NEW European Commission is taking over the administration in Brussds of the European Economic Community (EEC) with the Community torn by internal divisions and facing a number of major external economic problems. Tiie most immediate problem for the new Commissioners isOFNS - 783 words
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Article, Illustration458 1977-01-12 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Basca (0700 after Chun Jin) 33/34 Benledl (0600 after Yamaguchi Maru) 38/39 Catharina Oldendorff (0700 after Philippine President Roxas)46 Centaur (1300 after Vishva Raksha) 42/43 Eastern Anna (after Olympian Queen) 40/41 Farallon Glory (3FGA) (after Fernandoevecetl) 18 Gemllang (0600 45 King Luck (0530458 words
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957 1977-01-12 9 Sales of foreign cars in America reach a plateau NYT DETROIT, Tues. It has taken almost 20 years, but American car manufacturers believe they finally have car Imports under control. Independent car analysts and the Importers generally agree with Detroit executives that sales of foreign cars in the United StatesNYT - 957 words
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234 1977-01-12 9 AP MONTREAL. Tue«. International airline* have little to look forward to in 1977 unless governments act to correct damaging regulatory policy differences, the director general of the International Air Transport Association (lATA) said. In a year-end statement, Mr. Knut Hammerskjold said policyAP - 234 words
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Article91 1977-01-12 9 AP WASHINGTON. Tues. US Transportation Secretary William Coleman Jr. said yesterday one major car manufacturer has tentatively agreed to market a fleet of air bag equipped cars to acquaint the public with the controversial safety systems. Mr. Coleman also said he expects to have theAP - 91 words
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Article185 1977-01-12 9 AP LONDON. Tues. The general pattern of freight rates changed little yesterday despite a slight increase in the volume of inquiry and grain interest. However, an encouraging sign was expanded time-charter orders on a wide geographical scale. North Atlantic grain rate held about level with previous fixingAP - 185 words
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Article590 1977-01-12 9 arrivals Service Local Operator Number Time From TMA TL304B 0530 TPE MAS MH682 0810 KCH PAA PA841 0950 SFO/HNL/OUf CAL CI816 1000 HLP JAL JL712 1000 HLP SIA SQ211 1010 HLP CPA CX710 1030 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK THAI TG981 1045 BKK590 words
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Page 9 Advertisements
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Advertisement375 1977-01-12 9 Your Passport to business in Canada. Get to know Canada. Write us for a free copy of Businessman's Canada It's important information for businessmen about doing business in Canada the Royal bank of Canada 32nd Floor, UIC Building, 5 Shenton Way, Singapore 1, Tel: *****67 Telex: R*****1 Manager; Mr. A.Mirriees375 words
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Article, Illustration727 1977-01-12 10 ANTHONY ROWLEY - By ANTHONY ROWLEY THE five-day visit by Prime Minister Mr Lee Kuan Yew and other Singapore Cabinet ministers to the Philippines, starting on Sunday takes place against a background of expanding trade between the two countries. It Is a trade, however, which727 words
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Article, Illustration839 1977-01-12 10 CHRIS CATLIN - By CHRIS CATLIN THE Kremlin's New Year present for millions of Russians was a surprise pay-and-prices deal which has left many people wondering just how it will affect their family budgets. The way the official media presented it, the programme of pay rises and839 words
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855 1977-01-12 10 STEVEN RATTNER - By STEVEN RATTNER NYT "WE'RE marching to a damn foolish drummer," says Mr. John Hanley, chairman of the Monsanto Co., referring to the American energy policy. "We don't have a good one" and the problem Is serious. That the nation lacks a coherent energyNYT - 855 words
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Advertisement390 1977-01-12 10 He is the new child in a new age. He needs the encyclopaedia fortoday. Britannka 3. !s| The child of today is more involved. More aware. And must learn 50% iKSS more than a child 20 years ago. That's precisely why yesterday's reference works can't really satisfy his needs. He390 words
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607 1977-01-12 11 UPI WASHINGTON, Tues. Secretary of State Henry Kissinger said yesterday the conditions for "significant progress" toward peace in West Asia now seemed to him to be "propitious." Dr. Kissinger was giving avaledictory address to the National Press Club In which heUPI - 607 words
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Article68 1977-01-12 11 Reuter PARIS, Tues. The French Patronat (the employers federation) will propose measures to boost Investments over the short and medium term, Its president, Mr. Francois Ceyrac, said. It is up to business leaders not to allow wage rises which are Incompatible with the targeted rise In prices,Reuter - 68 words
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329 1977-01-12 11 Reuter LONDON, Tues. In the London courtroom where the Singapore Government is seeking the extradition of Jim Slater and Richard Tarling, the mood resembles a company audit rather than high drama. The white-haired lawyer, representing the Singapore Government, Ronald Waterhouse. speaks almost in aReuter - 329 words
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Article297 1977-01-12 11 UPI LAHORE, Tues. Determined to break the back of Prime Minister Zulflklr All Bhutto's ruling People's Party in the coming March general election, all the nine opposition parties in Pakistan yesterday decided to put up Joint candidates to fight the People's Party's nominees. TheUPI - 297 words
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182 1977-01-12 11 Reuter PARIS, Tues. European shipbuilding nations are expected to show restraint and adopt a wait-and-see attitude at the talks starting here today with Japanese officials on the world shipbuilding crisis, shipbuilding sources here said. The Europeans have been pressing Tokyo for a 80-50 shareReuter - 182 words
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454 1977-01-12 11 UPI KUALA LUMPUR, Tues. Housing and Village Development Minister Michael Chen will meet representatives of the Housing Developers' Association on Saturday to find ways of speeding up development in this sector. Mr. Chen told Business Times he would like to discuss with theUPI - 454 words
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201 1977-01-12 11 DELOITTE, Hasklns and Sells one of the largest International accounting firms has been operating in Singapore for several years. It has been represented by Goh, Tan and Co in the Republic since *****971. It is understood that Ooh, Tan is listed in201 words
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1087 1977-01-12 11 FT HONGKONG: Police and crowd barriers had to be brought In to Hongkong's central business area a few weeks ago to control a somewhat uruly crowd of several hundred people which had built up around an office block. The steel outer portcullis hadFT - 1,087 words
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318 1977-01-12 11 SEOUL, Tues. South Korea is studying a plan to declare a 320 km economic zone only for Its eastern and southern seas, shelving a decision on the Yellow Sea to prevent a possible dispute with China and North Korea, a Seoul newspaper318 words
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363 1977-01-12 11 UPI Reuter WABHINGTON, Tues. President Ford asked Congress yesterday for swift approval of three newly negotiated international fishery pacts with the Soviet Union, China and East Germany. The agreements were required by legislation passed last summer to expand the US offshoreUPI; Reuter - 363 words
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Article49 1977-01-12 11 Reuter WASHINGTON, Tues. The US Coast Guard has awarded a US$2O5 million (SSSI2 million) contract for 41 Jets to Falcon Jet corporation, which is Jointly owned by Pan American Airways and Dassault Aviation of France. The Coast Guard will use the aircraft for mediumrange surveillance flights.Reuter - 49 words
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146 1977-01-12 11 THE manufacturing sector in Singapore's economy put up a fair performance during the third quarter of last year. The index of industrial production expanded by S.K per cent during this quarter, according to the latest figures released by the Department of Statistics. But growth146 words
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Page 11 Advertisements
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Advertisement409 1977-01-12 11 APPOINTMENTS TELECOMS invites applications for an AUTOMOTIVE ENGINEER Duties include, among others, to ensure the efficient operation of the vehicle repair workshop and to carry out ancillary responsibilities involving minor carpentry and M E works. QUALIFICATIONS 4 EXPERIENCE Candidates should have a tertiary education with preferably 3 years' experience in409 words
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Advertisement412 1977-01-12 11 Marketing Intelligence -a new post in a major consumer products group. Appealing particularly to a business studies or economics graduate in his or her late twenties or early thirties, this appointment is a key post in a new marketing organisation being developed within a leading Singapore company with a multi-million412 words
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510 1977-01-12 12 THE Idea that multinational companies (MNCs) should be required to Introduce local equity participation In countries where they operate, as a check on the practice of "transfer pricing", seems to find favour In at least some quarters In Singapore. Writing In the Stock510 words
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Article742 1977-01-12 12 LONDON, Tues. British Government bonds again attracted much of the Interest, helped by the International agreement on sterling balances In Basle yesterday. After a fairly active two-way trading session, longer maturities ended little changed. They had been higher by up to one point at the outset. Shorts were742 words
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Article193 1977-01-12 12 THE re-openlng of the Bues Canal 18 months ago has facilitated the development of trade between Europe and the Par East, enchanclng Singapore's position as a major port of call, the shipping community said yesterday. At the same time, the reopening has also led to an193 words
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Article344 1977-01-12 12 Reuter TOKYO, Tues. Mr. Richard Cooper, designated by U8 President-elect Jimmy Carter as Undersecretary of State for Economic Affairs, today described Japan's overall trade surplus as a burden on the rest of the world. Mr. Cooper, addressing a press conference at the end of aReuter - 344 words
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Article36 1977-01-12 12 OCEANUS Mutual Underwriting Association (Bermuda) yesterday filed a suit in the High Court requesting U5540,010.00 from Ben Shipping. The sum, approximately equivalent to S$lOO,OQO, is sought as money allegedly due and owing to Oceanua.36 words
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133 1977-01-12 12 Reuter HANOI Radio, the official voice of Vietnam, today charged that the current visit by a top US commander to Bangkok was aimed at re-opening American bases In Thailand. The Radio, monitored here, said that Admiral Maurice Welsner, commander of the U8 forcesReuter - 133 words
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Article77 1977-01-12 12 Reuter BANGKOK, Tues. The Thai Government has imposed a ban on official million* to communist countries. Government source* said toda/. Exceptions for "special cases" must be approved by the Prime Minister or the Cabinet, the sources said. The present situation in the country was not conduciveReuter - 77 words
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606 1977-01-12 12 A SIME Darby subsidiary Is about to sell by auction a choice piece of property In the middle of Kowloon. The property, which has already received planning approval for development Into a residential and commercial complex, Is a 20,877 sq. rectangular piece of606 words
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527 1977-01-12 12 UPI Reuter BASLE, Tues. The latest UBB3 billion (897.38 billion) standby credit for Britain will be a major prop In helping the British Government phaae out sterling as a reserve currency, International bankers said tocredit was approved yesterday by central bankUPI; Reuter - 527 words
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Article167 1977-01-12 12 AP BANGKOK, Tues. Thai tourist officials reported today that fewer tourists came to Thailand last year than In 1975, the first such drop In years. Although the final annual figures have not been compiled, about 806,000 tourists came In the first three quarters ofAP - 167 words
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145 1977-01-12 12 BUSINESS prospects for the Sembawang Shipyard are not good for 1077, warned managing director Mr. Neville watson in the latest Issue of the yard's newsletter. "I do not believe," he said, "that we have yet reached the bottom of this business recession and we can expect145 words
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261 1977-01-12 12 Reuter TOKYO, Tues, Major Japanese steel mills have notified overseas Iron mining operators of a 10 per cent cutback In their imports to Japan during fiscal 1977 beginning April 1, because of a slump in steel demand at home and abroad, NipponReuter - 261 words
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104 1977-01-12 12 Reuter KUALA LUMPUR, Tues. The Straits tin price In Penang rose another M 13.50 per plcul to $1,340, $21 above the International Tin Agreement celling, dealers said. Market sources said the further climb was due to the strengthening of sterling and the US dollar,Reuter - 104 words
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500 1977-01-12 12 LONDON, Tues. The "three sisters" merger between Golden Hope, London Asiatic and Pataling has been defeated by Oentlng Highlands Hotel. The proposal won the nod from London Asiatic and Patallng shareholders, but failed to go past Golden Hope at respective meetings held in London yesterday.500 words
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257 1977-01-12 12 UK —Brunei treaty talks to resume this year KUALA LUMPUR, Tues. Britain and Brunei will resume negotiations shortly on the review of their treaty under which the British are responsible for the Sultanate's external affairs and defence. British High Commission officials said here today their government Is currently discussing dates257 words
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Article215 1977-01-12 12 UPI TOKYO, Tues. Up to one million, Chinese braved freezing weather to demonstrate for the third day yesterday, In Peking's Tien An Men Square in honour of the late Premier Chou Enlal, and against past act of the Government, Japanese newspapers said inUPI - 215 words
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Article51 1977-01-12 12 KUALA LUMPUR. Tues. The Securities Industry Act which will regulate the operation of the securities market has finally been gazetted. The Act, which took three years in the making, provides for the establishment of a "new" stock exchange for the country. This exchange began operation on Jan51 words
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Page 12 Advertisements
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Advertisement21 1977-01-12 12 Executive's Lunch Special Roast from our Silver Wagon ss< V )f r 4 hi I. 111». i in sS m m21 words
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Advertisement171 1977-01-12 12 Cathay Building A Distinguished Address Cathay Building the name has a ring of history! One of Singapore's most famous landmarks, it won the distinction of being the Headquarters of the Supreme Allied Commander, S.E. Asia, during World War 11. Today after a multi-million dollar renovation, the Cathay Building stands supremely171 words
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