The Business Times, 13 January 1977
1977-01-13
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The Business Times
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Title Section9 1977-01-13 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, JANUARY 13, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article79 1977-01-13 1 AP .ROTTERDAM, Wed. Computer tapes containing financial records of the giant British concern, Imperial Chemical Industries, were stolen last weekend from the company's Rotterdam plant, an ICI spokesman said today. The spokesman would not comment on Dutch press reports that the tapes were taken by a BritishAP - 79 words
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Article85 1977-01-13 1 AP NEW YORK, Wed. Auto magnate Henry Ford n has resigned from the board of trustees of the Ford Foundation, saying the philanthropic organisation has spread itself too thin and that staff sometimes failed to appreciate the capitalist system that provided funds for the foundation. TheAP - 85 words
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Article61 1977-01-13 1 UPI TOKYO, Wed. Japan's exports in fiscal 1977 would amount to U5577.2 billion, (SslB9 billion) up 14.4 per cent over the current fiscal year ending March 31, the Japan Foreign Trade Council (JFTC) forecast yesterday. JFTC at the same time predicted that Japan imports would amount toUPI - 61 words
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Article69 1977-01-13 1 KUALA LUMPUR, Wed. Malaysia will Import 50,000 tonnes of rice from China this year, the director-general of the National padl and Rice Authority, Enclk Yahya Abdul Wahab, said today. Encik Wahab, who left for Hongkong enroute to Peking to finalise the import deal with the China cereal69 words
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Article49 1977-01-13 1 Reuter PERTH, Western Australia, Wed. Port workers at Perth's Fremantle harbour today decided to boycott all South African registered ships for one week from next Sunday. The decision followed a request to the men's union, the Waterside Workers' Federation (WWF), from the International Transport Federation (ITF). ReuterReuter - 49 words
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Article37 1977-01-13 1 Reuter LONDON, Wed. Sales of gem and Industrial diamonds by the Central Selling Organisation rose to 1.35 billion rand In 1976 from 793 million In 1975, De Beers Consolidated Mines said. Reuter.Reuter - 37 words
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Article26 1977-01-13 1 LAWYER Mr. K. Hilborne yesterday registered his Protest against the Ministry of Communications y driving into the restricted zone without an Area license.26 words
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Article43 1977-01-13 1 UPI NEW YORK, Wed. Dow Jones averages, based on first hour of trading today on the New York Stock Exchange: 30 Indus 969.50, down 7.15; 20 transp 233.08, down 1.26; 15 utlls 106.91, down 0.55; 65 stocks 316.76, down 2.05. UPIUPI - 43 words
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Chief Price Changes
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Article, Illustration174 1977-01-13 1 THE easier trend continued at the Stock Exchange of Singapore yesterday. Sellers dominated trading for most of the day. However, volume declined on the downtrend. The Business Times index fell 3.51 points to 272.73, while the Straits Times Industrial average shed 1.01 points to 258.67. Foils Most174 words
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Article120 1977-01-13 1 Falls Most active D Keramat W 45 -.15 Haw Par 200,000 Fuian WMl -.06 Pan Electric 154,000 M Flour no 06 Central Sugars 140,000 Matsushita >2.40 -.06 Inrheane 74 000 SUM Darby $3 48 DBS. >402 U.O Bank *3 58 K Sldlm >3.50 8 Trading >5 35120 words
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821 1977-01-13 1 GOH ENG KEE - DESPITE THE GENTING VETO By GOH ENG KEE AFTER the defeat of Its plans to forge a giant rubber company by a minority shareholder who Is not even in the plantation business, Harrisons and Crosfleld has come back with another scheme. This time Harrisons'821 words
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153 1977-01-13 1 THE multlmilllon dollar frozen food Importing business Is booming and 1976 sales will probably be about 22 per cent higher than those of 1975, when the final figures are tabulated. Frozen beef was the most popular in terms of dollars spent and also recorded153 words
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Article26 1977-01-13 1 TOKYO, Wed. Mitsui Engineering and Shipbuilding Co. said today It launched 28 vessels totalling 1,781,072 tonnes at its three shipyards In 1976.26 words
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Article678 1977-01-13 1 THE establishment of a Central Bank combining the functions of the Monetary Authority of Singapore and the Board of Commissioners of Currency is now expected to form part of other "major structural changes" In Singapore's Institutional framework. Although none of the parties to the long-mooted678 words
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Article261 1977-01-13 1 Reuter KUALA LUMPUR. Wed. The Straits tin price In Penang fell Ms2o per picul today to f1,326, $1 aSove the International Tin Agreement celling, dealers said. Market sources said the sharp fall was due to technical reaction following the upsurge of the past few days,Reuter - 261 words
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360 1977-01-13 1 Reuter PARIS. Wed. France will supply Egypt and Its Arab arms consortium partners with 200 Mirage r-1, Jet fighter-bombers in a major new Middle East armaments deal, senior French officials said today. The first batch of advanced Mirages, which fly at twice the speedReuter - 360 words
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Article229 1977-01-13 1 AP WASHINGTON, Wed. Unemployment In the United States declined from 8.1 to 7.9 per cent last month, the US government said today, but the good news was offset by another sharp Jump in wholesale prices, particularly for food. Coffee, pork and poultry costs were the chief IngredientsAP - 229 words
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213 1977-01-13 1 Britain's M G may sell all KL holdings KUALA LUMPUR, Wed. MAG, one of Britain*! biggest unit trust groups, has threatened to sell all its holdings of Malaysian shares after Monday's defeat of the scheme to merge the three plantation comP "bf"lil, MAG holds almost MS24 million worth of Malaysian213 words
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Article491 1977-01-13 1 LONDON, Wed. Mr. K.A Johnson-Hill, a former nominee director of Haw Par Brothers (Hongkong) said In an affidavit read before the Horseferry Road magistrate's court today that it was emphasised to him that he was to have nothing to do with the share dealing491 words
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Article299 1977-01-13 1 Changing agents IN the course of the past three weeks some half a dozen International agency lines have changed hands. These run the gamut from shipping lines to Industrial goods to consumer items. They include agencies for such well-known names as Llbby (canned foods), Chesebrough Pond and Qala Cosmetics. One299 words
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Page 1 Advertisements
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Advertisement44 1977-01-13 1 Colour TV is simply great DE Oversea* news/TV ft Overseas stocks P7 Radio P2 Commodities P8 Overseas new*Teatures P3 Transport CommuniLocal co news P4 International Co news Local stocks cations P» Features PlO Local Overseas news PI 1 Local ft Overseas news Pl 244 words
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Advertisement58 1977-01-13 1 CS-2154 12digits Printer with Memory Add Mode, Tabulation, floating decimals CS-4152 5730 14 digits, 1 memory. Display with print/non-print switch. Item counter. Right shift key. Constant and complex calculations. Sole Agents ROXY (STORE) PTE LTDi 483 Taoglin Hall Boad. Singapore 3 Tel *****1 ROXY (MSIA) SDN RHDt Lot 16 Jalan58 words
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Advertisement169 1977-01-13 1 wm WHISKY 100% SCOTCH WHISKIES blended and bottled in Scotland under Government Supervision Imported by Cold Storage SEE PAGE 12 DOCUMENT PROCESSING DIVISION DT-1200 reliabinty ahead of its time We have all been waiting for it. Now it's here. The outstanding DT-1200 introduces a technological break-through into office copying machine169 words
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OVERSEAS
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574 1977-01-13 2 Reuter NEW YORK, Wed. Britain shows little sign of effectively using the breathing space given it by recent economic measures and loans, Nobel prize winner economist Professor Milton Friedman said. He told Reuters In a tele6 hone Interview that the iritlshReuter - 574 words
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Article120 1977-01-13 2 UPI ROME. Wed. Italy's trade deficit has nearly tripled in a year. The Central Institute of Statistics said yesterday. It said the deficit for the first 11 months of 1976 was 4,751 billion lire (5513.3 billion) compared with a deficit of 1,773 billion lire in theUPI - 120 words
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249 1977-01-13 2 Reuter PARIS, Wed. Japan and Western European nations made little apparent headway yesterday towards solving the world shipbuilding crisis, but agreed to try again next month, according to European officials. At a meeting of the shipbuilding committee of the Organisation for Economic CooperationReuter - 249 words
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Article37 1977-01-13 2 Reuter CANBERRA. Wed. Australia's budget deficit In the six months ended Dec 31 was A 54.36 billion (5511.64 billion), up from $3.79 billion in the comparative 1975 period, according to Finance Department figures. ReuterReuter - 37 words
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Article150 1977-01-13 2 Reuter TEL AVIV, Wed. Israeli Defence Minister Shimon Peres announced last night he will seek the Labour Party's candidacy for the Premiership in the May general election. Mr. Peres's decision, announced in an Israel television interview, places him again in direct confrontation with PrimeReuter - 150 words
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Article146 1977-01-13 2 UPI WASHINGTON, Wed. Vice President-elect Walter Mondale said yesterday he will add a visit to Italy to his forthcoming trip to Europe and Japan to represent President-elect Jimmy Carter. Mr. Mondale said a visit to Italy, and talks with Italian leaders in Rome, wereUPI - 146 words
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419 1977-01-13 2 UPI WASHINGTON, Wed. US officials said yesterday the Defense and Btate departments are investigating reports that Israel violated US law in selling planes with American engines to Honduras. The officials said If It Is proved that the law has been broken, It might endangerUPI - 419 words
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Article192 1977-01-13 2 Fukuda Carter talks in March Reuter TOKYO, Wed. Japanese Prime Minister Takeo Fukuda Is likely to have talks with President-elect Jimmy Carter in Washington In mid-March, official sources said today. The sources said Mr. Fukuda. who took over as Prime Minister only last month, would be accompanied by Foreign MinisterReuter - 192 words
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Article177 1977-01-13 2 Reuter TOKYO, Wed. Japan will send a purchasing mission to France in March to step up imports of French Goods to rectify the large trade imbalance between the two countries, the Ministry of International Trade and Industry said. The mission will be led byReuter - 177 words
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184 1977-01-13 2 Reuter BONN, Wed. WMt German Economics Minister Hm Friderichs itM be sees no advantngM in launching short-term programme of economic reflation. The investment programme being worked on by varioue Bonn ministries, and planned to cover several years, will obviously aIM influence current economicReuter - 184 words
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Article63 1977-01-13 2 Reuter LONDON, Wed. New car registrations In Britain during 1976 totalled 1.26 million, eight per cent higher than in 1975, figures released by the Department of Industry show. Car output by the major manufacturers was up for the year by about five per cent over 1975,Reuter - 63 words
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339 1977-01-13 2 UPI NEW YORK, Wed. The United States has fallen behind most other industrialised nations In Its efforts to conserve energy, and Is more dependent now on Opec oil than before the 1973 oil embargo, according to a Twentieth Century Fund task force report. "TheUPI - 339 words
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Article181 1977-01-13 2 UPI CAIRO, Wed. Foreign Minister Ismail Fahml said yesterday United Nations Secretary General Kurt Waldhelm will start his projected tour of the Middle East on Feb 2. Mr. Fahml disclosed the date In a foreign policy statement delivered at a Joint meeting of Parliament's internationalUPI - 181 words
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479 1977-01-13 2 Reuter LONDON, Wed. The size of Chinese purchases In the world sugar market over recent months may have been appreciably underestimated, trade sources said. The size of sales made by International dealers has not been fully revealed so far and could totalReuter - 479 words
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Article354 1977-01-13 2 AP SYDNEY, Wed. Australian wool exports are likely to reach an all-time peak this year with total agricultural exports rising almost ten per cent to A 54,724.8 million (5812.6 billion), according to a forecast by the Bureau of Agricultural Economics. However, the Bureau saidAP - 354 words
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Article, Illustration532 1977-01-13 3 BUT PARLIAMENT HITS OUT AT TRADE BARRIERS LUXEMBOURG, Wednesday Reuter THE European Common Market's new chief executive urged a more fruitful partnership with the United States yesterday but was immediately met with a parliamentary denunciation of alleged American trade obstruction. Shortly afterReuter - 532 words
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179 1977-01-13 3 Reuter ROME, Wed. The Italian Communist Party would be willing to consider revision of the Scala Mobile System of wage indexation providing a definite minimum wage level for protection by indexation is fixed, a senior Communist Party economist, Mr. Luciano Barca, said. TheReuter - 179 words
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Article128 1977-01-13 3 Reuter LONDON, Wed. The question of holding a Western economic summit In the next few months, possibly In Britain, was discussed here by the British and French Prime Ministers, James Callaghan and Raymond Barre, Informed sources said. Mr. Callaghan earlier told Parliament: "If there isReuter - 128 words
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Article118 1977-01-13 3 UPI TAIPEH, Wed. Taiwan's foreign trade registered US$l5.6 billion In 1976, up by 39.2 per cent over the year before, the Finance Ministry said today. The export volume last year totalled US$B billion, an increase of 52.2 per cent over 1975. The Import was up by 27.5UPI - 118 words
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381 1977-01-13 3 AP UPI CHICAGO, Wed. --Unless the American Government sets quotas on the number of colour television sets Imported from foreign countries, the United States colour television Industry will disappear, spokesmen for American manufacturers told an International trade commission hearing yesterday. Some three millionAP; UPI - 381 words
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433 1977-01-13 3 Reuter WASHINGTON, Wed. President-elect Jimmy Carter's programme to stimulate the economy may fall short of his targets, the congressional Budget Office said. The Budget Office, which advises Congress, issued a report saying the economic recovery from deep recession has been disappointing,Reuter - 433 words
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229 1977-01-13 3 Reuter BONN, Thurs. Real economic growth of at least five per cent Is needed In West Germany this year If high unemployment Is to be effectively tackled, the country's Trade Union Federation said. If possible, the six per cent level should beReuter - 229 words
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101 1977-01-13 3 Reuter WASHINGTON, Wed. Chairman-designate of the Council of Economic Advisers Mr. Charles Schultze said he opposed restrictions on investments abroad by US multinational corporations. Mr. Schultze told the Senate Bankng Committee he sympathised with those who called for protecting US Jobs by such restrictions InReuter - 101 words
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343 1977-01-13 3 AP WASHINGTON, Wed. The chairman of the Federal Deposit Insurance Corporation (FDIC) said yesterday he is considering a proposal which would extend to foreign banks in the US and US hanks overseas the same security against losses by depositors as enjoyed byAP - 343 words
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Article, Illustration1879 1977-01-13 3 A month ago, on Dec 11, Business Times published "An open letter to Professor Friedman" from Mr. Sam Brittan, the Economics Editor of the Financial Times. That letter from one of the world's most distinguished economic journalists to one of the world's most distinguished economists dealt with inflationFinancial Times - 1,879 words
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Article347 1977-01-13 3 Reuter WASHINGTON, Wed. Members of the Benate Commerce Committee yesterday demanded that foreign oil tankers be barred from American waters If they failed to comply with tougher safety standards. But the Transportation Secretary, Mr. William Coleman, angrily accused Committee members of proposing "gunboat diplomacy" by suggestingReuter - 347 words
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Page 2 Advertisements
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Advertisement102 1977-01-13 2 SEE PAGE 3 A wealth of answers to scientific phenomena LIFE SCIENCE LIBItARY A thousand questions you ve asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular102 words
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Page 2 Miscellaneous
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Miscellaneous325 1977-01-13 2 T WEATHER report for 24 hours prior to 7.30 p.m. on Jan 12 at Singapore airport: Maximum temperature 30.7° C Associated humidity Minimum temperature 22.8° C Associated humidity *7 Hours of sunshine Rainfall in millimetres Total rainfall for the month 58.4 Total rainy days for the month 7 SINGAPORE 5325 words
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Page 3 Advertisements
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Advertisement83 1977-01-13 3 FURNITURE FOR THE BOGY CORPOWE Corporate Office Furniture. All business and good looks Managerial Suites. Executive desks and chairs. Secretarial set-ups. Filing cabinets. Typing trolleys. Custom Storage Units. All integrated. All classy. A complete range. And real value for money. DIETHELM .Your business is looking good! You are invited to83 words
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COMPANY NEWS
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Article409 1977-01-13 4 AFTER THE VETO. WHAT WILL BE COMMENTING on the defeat of the proposal of the Three Sisters' Golden Hope, London Asiatic and Pataling to merge Into a giant plantation company by Gentlng Highlands, the Dally Telegraph says speculation now centres on the Malaysian company's next move. It409 words
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Article146 1977-01-13 4 DATO Loy Hean Heong and Tengku Abdullah were both unanimously re-elected to the board of Central Securities (Holdings) at Its eight annual general meeting held recently. The other members of the six-man board are Enclk Khalll bin Akasah as chairman, Mr. Mah King Hock as managing director,146 words
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Article578 1977-01-13 4 SAN Holdings' purchase of a 70 per cent shareholding in August Engels Malaysia Castings, which subsequently went into receivership. for M 52.62 million was "a wrong commercial judgement, according to the company. It was replying to queries from the Kuala Lumpur Stock Exchange on578 words
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COMPANY MEETINGS
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23 1977-01-13 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 1977-01-13 4 Jan 21, 12 noon, at Raffles Hotel, Beach Road, Singapore 7.14 words
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Article14 1977-01-13 4 Cycle Carriage Ltd.: Jan 22, 12 noon. Mandarin Hotel. 333 Orchard Road, Singapore 9.14 words
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Article100 1977-01-13 4 STRAITS Steamship says the price of $4.79 million, or $1.65 per share, it is paying for 2.9 million shares, or 29 per cent, in William Jacks (Malaya) has been arrived at by negotiations. Replying to a Kuala Lumpur Stock Exchange query, through its merchant bankers, Pertanian Baring Sanwa100 words
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275 1977-01-13 4 LOCAL equity participation In the new Malaysian insurance company, Royal Insurance (Malaysia), will be Increased to 51 per cent within five years from the Initial figure of 30 per cent. Of this figure. 30 per cent will be for bumiputras and275 words
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Article250 1977-01-13 4 THE Orient Lloyd/Malay States group of Singapore and Malaysia, has announced the following changes effective Jan 1: Mr. J.L.D. Evans to group managing director, Mr. A. Kumar, financial director, Mr. A.G. Thomson, general manager, liner division of Orient Lloyd Sdn. Bhd., Mr. Chan Kim Yam, general manager,250 words
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Article75 1977-01-13 4 picul 2.778 Austral Amalgamated 1,340 Ayer Hitam Tin 14,002 Berjuntai 5,950 Gopeng Consolidated 2,705 Idris Hydraulic Tin 420 KamuntingTin 725 Kinta KellasTln 830 213 Kuala Kampar 382 Lower Perak 233 Malayan Tin 4,892 Malaysian Tin 146 Pahang Consolidated 3,108 220 Petaling Tin 1,450 Rahman Hydraulic75 words
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Article303 1977-01-13 4 Current Ex Date Total for Total for payment Date payable the year previous y« Roustead 15%+ Dec 1 28 Jan 14 15%+ 40% N.S.O.P. 10%+ Dec, 21 Jan 15 10%+ 17.5% Batu Kawan 5% Dec 30 Jan 17 10% 5%a Duff Dev. 2.5* Dec 30 Jan 17 5%303 words
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Article96 1977-01-13 4 Reuter NEW YORK, Wed. New York City could return to the capital markets for limited borrowings as early as this summer, under certain conditions, Citicorp president William I. Spencer said. He told reporters following an address to the New York City Chamber of CommerceReuter - 96 words
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Article56 1977-01-13 4 FRANKFURT, Wed. FYench export credit body Banque Francatse Du Commerce Exterleur Is raising a 100 million mark, seven per cent, 10-year Eurobond, market sources said. The bond will be redeemed in five yearly stages alter an initial five-year grace period. Issue price will be fixed in the light56 words
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Article133 1977-01-13 4 Reuter WOLFSBURO, Wed. Volkswagen werk (VW) said It will recruit around 3,000 more workers this year after recruiting 9,300 In 1976 and again resume working special shifts. The continuing favourable situation in the automobile market led to increased demand for VW models especially at theReuter - 133 words
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Article137 1977-01-13 4 Reuter TOKYO, Wed. Mitsumi Electric said it will make a one-for-five scrip Issue at the end of this month, and resume payment of dividend, suspended for the past two years, in view of a recovery In Its business. Mitsumi's capital will be increased to 1.94 billionReuter - 137 words
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Page 4 Advertisements
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Advertisement256 1977-01-13 4 HE The magazine for you, the Advertiser >. r- v Do you want to reach her This is Mrs. Chng Ai Leng, early thirties, a little bit more than just a Mum, as you can tell for yourself from her favourite reading choice, Her World, the magazine for the Singapore256 words
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INTERNATIONAL COMPANY NEWS
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Article173 1977-01-13 5 NEW YORK, Wed. International Paper suffered a severe setback In the fourth quarter of last year, with net earnings down 36 per cent to US$4B million from $75 million. The earnings plunge at International Paper, the world's largest papermaking organisation, touched off a selling wave173 words
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Article108 1977-01-13 5 TOKYO. Wed. Isuzu Motors has enjoyed a big turnround to after-tax profit of 7.3<> billion yen in the year ended Oct 31. 1976. In the previous year. It suffered a loss of 8.72 billion yen. The turnround to profit was arhieved on the back of higher sales,108 words
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Article25 1977-01-13 5 LAKE SUCCESS, N.Y., Wed. Harman International Industries Inc and Beatrice Foods said they are in discussions on a possible merger of Harman Into Beatrice.25 words
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Article331 1977-01-13 5 HONGKONG Land Is to undertake a HKSIBS million commercial development project In Causeway Bay on Hongkong Island. The 38-storey building, with 55,750 square metres of lettable space and to be called Windsor House, will be financed through a longterm loan, the general manager, Mr. Vernon331 words
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215 1977-01-13 5 LONDON, Wed. Pre-tax profit of British Cinematograph Theatres fell sharply from £59,199 to £6,776 for the six months to July 31, 1976, on turnover excluding VAT of £1.02 million against £1.19 million. Mr. J.W. Davies, the chairman, says that sales at the photographic shops during the215 words
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Article33 1977-01-13 5 Reuter CINCINNATI. Wed. Procter and Gamble has Increased the quarterly dividend to 65 US cents a share from 55 cents, payable on Feb 15, to shareholders on record on Jan 21. Reuter.Reuter - 33 words
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Article464 1977-01-13 5 FT VIENNA, Wed. Bawag, the Austrian trade union bank, reports a 25 per cent rise of its consolidated balance sheet to a record level of Sch. 30.7 billion. Announcing this provisional estimate at a year-end press conference, Mr. Walter Floettl, dlrectorgeneral and chairman of theFT - 464 words
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Article1087 1977-01-13 5 On January 11 PRICES on the Chicago Board Options Exchange declined as losers topped gainers on Tuesday, 480 to 33. Turnover approximated 95,668 contracts, up from 78,531 contracts on Mondav. OPTION JAN APL JLY STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel1,087 words
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Article213 1977-01-13 5 Reuter TOKYO. Wed. The Finance Ministry issued new guidelines for the Gen-Saki bond and debenture market, allowing its outstanding balance to expand by about 500 billion yen to about 2,600 billion, ministry sources said. The new guidelines base each securities company's framework for consigned transactions forReuter - 213 words
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Article234 1977-01-13 5 LONDON. Wed. A strong third quarter is reported by Morgan Crucible with pretax profits up from £1.42 million to £2.63 million. This takes the total for the nine months ended Sept 20, 1976 up to £6.42 million, representing an increase of €2.48 million on the same234 words
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239 1977-01-13 5 Reuter IJMUIDEN, Wed. Estel Hoesch Hoogovens expects to use on average 70 per cent of capacity In first quarter 1977 compared with around 75 per cent in the first months of 1976 on the basis of its present order book, executive chairman Jan HooglandtReuter - 239 words
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Article310 1977-01-13 5 Reuter LONDON. Wed. It is not thought the disposal of Eovernment holdings in rltish Petroleum would have more than a temporary effect on the sale of government stocks, Chief Secretary to the Treasury Joel Barnett told Parliament. In reply to a question he saidReuter - 310 words
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Article223 1977-01-13 5 Reuter FRANKFURT, Wed. The gold position on the assets side of the Bundesbank's weekly balance sheet to Jan 15 will rise almost 33 million marks above the current 14.02 billion reflecting the restitution by the International Monetary Fund of about 340.000 fine ounces of gold,Reuter - 223 words
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Article, Illustration715 1977-01-13 5 LONDON STOCK EXCHANGE FT TRADING at the London Stock Exchange last year was again marked by record business in gilt-edged securities. After 1975's remarkable increase of over 76 per cent turnover in the funds rose a further 22 per cent to reach its highest levelFT - 715 words
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Article133 1977-01-13 5 Reuter MELBOURNE. Wed. Woodside-Bunnah Oil said the North Rankin No. 5 appraisal well reached a depth of 3.144 metres in the past week and is being secured against cyclone Irene, which is approaching the North West Shelf area. A full suite of wireline logs run at this depth confirmedReuter - 133 words
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Article593 1977-01-13 5 FT ONE of the worst six performers in 1975, tins stand at the top of the year's leaders table with a rise of 42.8 per cent. This reflects two main influences, the strength of the commodity price in comparison with other metals and the prospect ofFT - 593 words
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Page 5 Advertisements
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Advertisement165 1977-01-13 5 The international bank with your interests at heart. Dai-lchi Kangyo Bank is Japan's largest bank. With assets of about 39 billion dollars. But our size doesn't make us impersonal. A worldwide staff of financial experts ready to give your project their individual attention. And we have your interests at heart.165 words
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Article1983 1977-01-13 6 1*7*77 Hi«k Low Compmjt Last Sale +erGr'i div Dhr c'w GST'S jrld Net P/E Vol (•000) Day High Lew SECTION ONE INDUSTRIALS 175* 200 100 237 ISO 402 204 240 400 137 133 172 00 185 06 254 149 172 394 39 Aetna Alcom Allied Choc Bala1,983 words
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Article1387 1977-01-13 6 BID and offer prices officially listed and business In and reported to thaStock Exchange of Singapore yesterday with the number of shares traded shown In bracket* in lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word -Sett." Big Board deals1,387 words
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Article1268 1977-01-13 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS. Aim (1.438) (2) 1 46, XBI A. Tap* (0.438) (1) 0.42.1,268 words
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Article149 1977-01-13 6 SINGAPORE UNIT TRUST (Manager*' price* for Jan 13) INCOME BOND UNIT (Curraat price*i The Commerce 1.77 1.B7 TheSavlnf Fund 0 97 1.02 S'pore Prog. Fund 0.81 0 86 S pore Security Fund 130 1.37 S'pore Invest Fund .1.07 1.13 ASIA UNIT TRUST (Managers' price* for Jan 13) Mai149 words
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Article156 1977-01-13 6 B O T 8 1/2% 1981 (100.000) Ho3*B 103*>S) D B S 8 1/2% 1982 (100,000) (1008 100*8) DBS Converts C 1/2% 1991 (100,000) (97*8 *****) E I B 8 1/4% 1983 (100,000) (100HB 100*8) E I B 8 1/4% 1983 (100.000) (100%8 100*S) I B J156 words
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Article107 1977-01-13 6 5 1/2% 1/12/77 (1.000,000) (101 528 101 625) 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) (103.258 103.455) 7% 1/7/79 (1,000,000) (104.83B) 5 1/4% 18/10/79 (1,00,000) (100.838 100.958) 6 3/4% 15/6/80 (1,000.000) (102 958 103.055) C 3/4%107 words
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Page 6 Advertisements
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Advertisement26 1977-01-13 6 r i \i 2 i t, i A' i <«* > found only in the best company... *NGJK tiPENGUN HTW, -V 1,1 Ifc I J I r #126 words
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Article471 1977-01-13 7 TUESDAY'S doting weakness was extended in light trading at the Stock Exchange of Singapore yesterday. Right from the first bell sellers dominated the scene, mainly on profit-taking account with buyers appearing only now and then to snap up some of the cheap offers. Generally the market was471 words
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Article405 1977-01-13 7 SHARES went through another round of mild price erosion In quiet trading on the Kuala Lumpur stock market yesterday. Sentiment yesterday was affected by the overnight sharp drop of more than 10 points on the Dow Jones Index. This was reflected In the opening quotations405 words
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128 1977-01-13 7 Reuter MUNICH. Wed. Almost all the 780 workers at Siemens's Bremen factory will work short-time, probably for six months from Feb 7, a company spokesman said. Around 430 workers making small transformers for toys have been on shorttime since Jan 3, while the further 270Reuter - 128 words
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Article57 1977-01-13 7 Reuter DUESSELDORF, Wed. The province of Quebec will issue a 150 million mark 7 1/2 per cent 10 year Eurobond at par instead of the 100 million mark loan originally envisaged, a spokesman for lead manager Westdeutsche Landesbank Girozentrale said. Lively demand was responsible for the 50 million IncreaseReuter - 57 words
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WALL STREET AND OTHERS OVERSEAS MARKETS
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Article1199 1977-01-13 7 NEW YORK: Disappointing earnings from International Paper on Tuesday appeared to throw something of a scars into Wall Street and turned stock prices sharply lower. The stock of the nation's largest paper manufacturer tumbled 3Vt points to 82 kfter It reported a fourth quarter per share profit of1,199 words
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Article326 1977-01-13 7 PARIS: Shares fell over a broad front, on Tuesday, reflecting the 1/4 point rise In call money to 10 1/4 per cent, bringing a 1/2 point rise In two days, and the franc's weakness against the dollar. The franc's strength last week had earlier brought hope that French oil326 words
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Article248 1977-01-13 7 FRANKFURT: Shares closed mixed to slightly low oo Tuesday after Initial weakness was partially reserved through Institutional buying, market sources said. Utilities were mainly firmer, whilst In motors BMW lost 1.80 marks but VW closed unchanged before news of Its 1977 recruitment plans to meet higher demand. Leading banks,248 words
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Article394 1977-01-13 7 HONOKONO: The market eased on lack of support in quiet trading on Wednesday, with falls on overssas markets overnight depressing prices In the absence of other news, dealers said. The Hang Seng Index fell 5.42 points to close at 433.76. JartUae Mslh—■ tell 40 cents to HK818.40, Hongkong Bank394 words
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Article369 1977-01-13 7 JOHANNESBURG: Oold counters were easier on Tuesday following the morning gold fixing but most Interest centered In Industrials, where prices drifted off. dealers said. Financial minings were harder with Aagl* recovering to 405 (403) after opening at 400. De Been ruled three cents softer at 302 in active trade369 words
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Article414 1977-01-13 7 SYDNEY: The market closed broadly lower on profit taking on Wednesday following its recent gains, dealers said. The Sydney All-Ordinaries Index fell 0.55 point to close at 445.10. BHP fell four cents to $7.60, CSR eight to 3.80 and EZ Industries, Myers, Toofceys, O—he eased. Among mines Hamersley fell414 words
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Article173 1977-01-13 7 MANILA: The market advanced across the board In brisk turnover on Wednesday, in a technical reaction to the recent fall, dealers said. Meralco and Mirinduqut led gainers, with Acoje Mining. Atlas Con A and B, Baguio Gold, Lepanto B, Picop A. Philex A and B, PLDT, Phil Overseas, Oriental173 words
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Article306 1977-01-13 7 AMSTERDAM: The market fell back on profit-taking on Tuesday after Monday's rise. Royal Dutch led Dutch internationals 1.30 guilders lower. Elsewhere stocks were mostly lower with isolated exceptions including Amev among Insurances and Hal among transports. Industrial and trading shares were mixed however with rises made by Pakheed, AhoM.306 words
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Article521 1977-01-13 7 TOKYO: The market closed lower on Wednesday although Initial losses were curbed towards the close on revived cheap buying In some blue chips, dealers said. The Dow Jones average lost 8.06 to close at 4,888.00 with volume 240 million shares. The New Index closed at 370.00, down 1.03. The521 words
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Article293 1977-01-13 7 ZURICH: The market closed slightly higher on Tuesday in fairly active dealings. Influenced by Wall Street and sustained firmness of the dollar, dealers said. In banks some secondary stocks advanced, including Credit Foncier Vaudois, Hypo Winterthur and Hypo Soiothurn, but Baakverein closed barely steady. Forbo 'A' advanced further in293 words
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Article324 1977-01-13 7 TORONTO: Share prices retreated steadily on Tuesday through the afternoon to close broadly lower In light trading on the Toronto market. The number of advancing Issues remained almost static afternoon, declining Issues holding a three to two margin by the close. Among the major changes, Maclaren Power A rose324 words
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Article161 1977-01-13 7 MILAN: Stocks continued to weaken on Tuesday In the wake of Pirelli Spa's announcement of a rights Issue to raise capital. Bourse sources said. Pireii Spa shares fell 3.S per cent and Pirelli E C 5.1 per cent. Generate Immobiliare lost 3 6 per cent. Montcdisoa 3.1 per cent161 words
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Article176 1977-01-13 7 BRUSSELS: Shares prices closed mixed to mostly lower on Tuesday with only small price movements In quieter trading than Monday's, Bourse sources said Electrafina, Aaturienne, Hoboken and Arbed rose but Sidro, Union Miniere, Geominea Clabec and Tabacoflna all fell on further profit-taking. UK stocks rose slightly, while German and176 words
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Article101 1977-01-13 7 JAN 12 BahU Asia Fibre Bangkok'Sank Bangkok Invest Bangkok Metropolitan'dank Bala Berll Juc ker Charoor ,g Thai Wire Dumex Duslt T hanl Faber Berlin First Trust Indo-7 hai J And J Ho Jalapr a than Cenn ?nt Kami isuta Lee K wang Mln Meta 1 Box Ram a Towers101 words
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Article66 1977-01-13 7 FINANCIAL TIMES INDUSTRIALS Tuesday 358 6 Monday .363.6 Week ago 360.6 DOW JONES AVERAGE INDUSTRIALS Tuesday 976.65 Monday 986.87 Week ago 987.87 LONDON DOLLAR PREMIUM Tuesday 118*4 to 118VH Monday 120* to 121 H.K. HANG SENG Tuesday 439 18 Monday 436 69 Week ago 444.20 SYDNEY INDUSTRIALS Tuesday 364.3166 words
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Page 7 Advertisements
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Advertisement320 1977-01-13 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the yt pasar malam! Because Penguin books are rather JEjt special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational nm Q u te unlike the320 words
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COMMODITY REPORTS AND PRICES
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Article464 1977-01-13 8 THE Singapore rubber market opened a shade lower yesterday, but rose on reports of orders from Poland and Russia, with February rising to 208.50 cents from an opening of 307.00 cents, dealers said. Thereafter, prices rose further on good covering of February and forward demand. February was traded464 words
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Article104 1977-01-13 8 DAILY SSR and SMR prices at noon vesterdav R.A.S. M (Current Mth) Buyer* Seller* (cent* per kg) Mar (Forward MUi) Buyers Seller* (cent* per kg) SSR 20 SSR50 M.R.ELB (1-ton Pallet) (1-tcn Pallet) ***** 188.50 192.OON 189 50N 192.00 189.50 193.00N 190.SON SMRSCV SMR SL SMRS SMR104 words
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Article123 1977-01-13 8 THE following Palm Oil prices were are elf Rotterdam an< 1 are quoted In 1 Malaysia 5% ffa bulk Mch/Apl Sumatra 5% Dec Jan Feb Mar Apl Afloat Nigerian 5H ffa bulk Sterling per long ton quoted in London on Tuesday. The prices US dollar per ton unless123 words
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Article222 1977-01-13 8 The Straits tin price in Penang yesterday was down $20 to $1,320 on an official offering down 11 tonnes to 275 tonnes. In LONDON yesterday, tin finished around £12 per tonne higher for Cash but £5 lower for Three Months in the standard contract at the morning's close.222 words
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Article28 1977-01-13 8 Rubber: Jtn 12 Singapore: Feb. 209.75 (op 2.50 cts.) Malaysia: Feb. 214.25 (op 2.00 cts) Tin: $1,320.00 (dawn 120.00) Official offering: 275 tonnes (down 11 teanee)28 words
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Article75 1977-01-13 8 SHIPMENT of Straits Refined Tin from Penang for the month of December 1976. This Period Jan/Dec 1976 Destination Shipped Afloat Tonnes Tonnes Africa 20.00 104.07 Australasia 20.00 Canada 5.00 177.27 Continent 1,366.50 25,323.02 India 454.00 91.25 3,426.22 Japan 1,416.00 85.00 18,823.28 West Asia 75.75 1,202.62 Pacific 276.75 16.0075 words
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Article65 1977-01-13 8 THE Malaysian Minister of Finance has fixed these rates for the period from Jan IS, until further notice: Rubber 91 3/8 cts. a lb. Copra $846 a ton. Palm kernel 5255.25 a ton. The rate of duties payable Rubber 16 1/4 cts. a lb. (Surcharge 5 1/8 cents65 words
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Article285 1977-01-13 8 CHINESE PRODUCE EXCHANOE. SINGAPORE NOON CLOBINO PRICES PER PICUL ON SATURDAY. Coconut OH: Bulk *85 seller*, old drum (90 sellers, new drum SQS sellers. Copra: Mixed (loose) UK/Cont 553 buyers. Pepper: Muntok ASTA white f.o.b. 100% NLW *335 sellers. Sarawak white f ob 96% NLW $320 tellers? Sarawak285 words
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Article363 1977-01-13 8 IN the Singapore gold market yesterday the kllobar was transacted In the range of 8910,400 to 8910,800. Volume was good and the buying was largely due to expectations that the price might move higher In the next few days. On a loco London basis, the metal opened at U*****.30/130.90363 words
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Article56 1977-01-13 8 LONDON. Wed Lead gained £1.75 per tonne for Cash and £3 for Three Months. Values edged higher in sympathy with copper on moderate trade purchases which appeared, for the most part, to be of a pricing nature, dealers said. Three Months traded up to £323.75 per tonne with sales56 words
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Article156 1977-01-13 8 LONDON. Wed. Silver rose 3.3 to 3.5 pence per troy ounce. The steadier tone was touched off by the late overnight rally at New York, dealers said. Modest covering was also Induced by higher gold and the trend In base metals. The market closed at the highest with Three156 words
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Article54 1977-01-13 8 LONDON, Wed. Zinc gained £5.75 per tonne for Cash and £6 for Three Months. Values forged ahead during pre-market and ring dealings on fairly aggressive fresh buying from an Influential quarter. The Three Months position traded up to £414.50 per tonne compared with £408.50 last {Mid In the ring.54 words
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Article349 1977-01-13 8 LONDON. Wed. Coffee futures were actively traded at the opening values gaining £106 to £110. By the end of the opening call, however, values had softened slightly but still £87 to £112 up from Tuesday night's cloee with 1.333 lota traded. May closed £94 up at £2.644 traded and349 words
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Article152 1977-01-13 8 CHICAGO, Tues. Wheat futures closed 3/4 to two cents a bushel lower on a light volume of trade. Weaknesses In soybean and corn futures brought speculative selling in wheat which pushed prices lower but movement was confined to a three-cent range. Reports that recent snow was providing winter wheat152 words
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Article143 1977-01-13 8 CHICAGO, Tues. Soybean futures closed at the day's lows with losses of nine to 4Vi cents a bushel on a light trading volume. Long profit-taking after recent advances set an easier market tone at the opening and prices drifted In a narrow range below Monday's close before selling picked143 words
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Article226 1977-01-13 8 LONDON, Wed. Copper wire bars gained £8.50 per tonne for Cash and £8 for Three Months. Values were marked up on the pre-market following the advance at New York overnight with Three Months trading up to £829 per tonne. In the ring, a rally developed on shortcoverlng prompted by226 words
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Article245 1977-01-13 8 LONDON, Wed. Futures opened £2 higher to £1.50 lower than Tuesday's closing >vels. Sales totalled 1,887 ts. Dee ~s said despite active trade 'ling Interest, the marke 'as comparatively stead; 'ded by commission -se buying and mountli 1e reports that Chinese purchases could toi eii over earlier estimate around245 words
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Article219 1977-01-13 8 BANGKOK, Wed. Indicative prices for rice quoted In Bangkok yesterday were: US dollars per tonne fob basis Bangkok. White Rice: 100 per cent Ist class 288 100 per cent 2nd 273 100 per cent 288 9 per cent 180 10 per cent 230 15 per cent 238 20 per219 words
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MONEY AND EXCHANGES
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Article543 1977-01-13 8 BTERLINO was down by about US 2 cents from the previous day's close In the Singapore foreign exchange market yesterday. Although it held steady from the opening level of US$l.7OBO/90 throughout the day here, It experienced a further drop to $1.7070/75 during Initial trading In the London market. Against543 words
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Article178 1977-01-13 8 Asian rates ASIAN currency deposit interbank rate* as at clow on Jan lz US EMI ar (Spot) Offer Bxj 7 days 9 4 7/» 1 mth 4 3/4 4 5/8 2 mths S 4 7/8 3 mths 5 3/16 5 1/16 5 mths 5 1/2 5 3/8 9 mths 5178 words
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Article58 1977-01-13 8 RANGE of pr ices offered by dii count houses on Jan 11 Oemlfht 2 to 3% Call deposit lw to 3% a niaa 3-Month Bu> Mltag Treasury bills 3 1/1« 2 15/16 3-Month Bank bills 4 via 4 1/1« 3-Month CD 4 «/16 4 3/1 6- Month CD58 words
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Article60 1977-01-13 8 Minimum lending rates (in ACBC 0* Algemene Bank .0* Bangkok Bank .7* Bank of America 8* Bank of China ..7 Bank of Tokyo 6* Bank Negara First Chicago 6* Citibank 0* HSBC 7 Indosuez 0% Malayan Banking 0* Mitsui Bank 0* OCBC 0* OUB 0* Chartered Bank .0* Chase Manhattan60 words
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Article191 1977-01-13 8 LONDON, Wed. Sterling eased from overnight levels against the dollar while the dollar slipped against continental currencies In an extension of Tuesday's late trend, dealers said. The dealers said the market Is still assessing the implications of the Basle agreement on sterling balances, with the initial favourable response being191 words
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Article162 1977-01-13 8 NEW YORK, Tues. Sterling closed sharply lower In thin trading, with a final quote of $1.7060/70 compared with $1.7235/55 overnight. Dealers said the fall In sterling led to weakening In the dollar, which closed with moderate losses against most major currencies. Dealers said many operators apparently again began162 words
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Article116 1977-01-13 8 HONGKONG, Wed. The US dollar recovered in late trading to HK54.6730/70 from $4.6680/6720 at the end of the morning, but remained below Tuesday's closing $4.7000/40 and after hours $4.6820, dealers said. Moderate commercial demand helped boost the US unit, together with a feeling that it had fallen too sharply116 words
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Article143 1977-01-13 8 TOKYO, Wed. The dollar for overnight delivery closed at 292.52, higher than 292.30 at the opening, but lower than Tuesday's close of 292.65. The Initial decline reflected the weakness of the US unit overseas and a relatively low level of Import settlement needs for midweek reasons, dealers said. Banks143 words
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Article121 1977-01-13 8 Euro rates LONDON, Wed. Period Eurodollar deposits opened 1/4 to 1/16 easier reflecting the Friday dealings technicality, while shorts were unchanged, dealers said. Movement so far was minimal. Early trading was fairly quiet, mainly Singapore and Bahrain taking Interest. Funds were fairly plentiful and these early requirements were quickly absorbed121 words
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Article41 1977-01-13 8 THE Monetary Authority of Singapore (MAS) Invites banks and discount houses to tender for: <30 million 91day Treasury Bills to be Is- sued from Jan 17 to Jan 21, 1977. Each Tender must not be less than $250,000.41 words
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Article48 1977-01-13 8 AUSTRALIA/ NZ exchanges quoted on Jan 12 Australia: Sterling 0.6394/0.6322 US dollar 1.0873/1.0825 Ninety-day air mall buying rates: Sterling 0.6698 US dollars 1.1131 Ninety-day forward buying rates: Sterling 0.6580 US dollars 1.0931 New Zealand: Sterling 0.5564/0.5533 US dollar 0.9551/0.9451 Ninety-day forward rate: Sterling 0.5949 US dollar 0.972948 words
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Article32 1977-01-13 8 FRANKFURT exchanges opening quotes on Jan 12 US 2.3765/85 Can 2.3600/20 UK 4.045/060 Neth 95.45/60 Swltz 95.80/95 Italy 2.707/722 France 47.70/85 Norw 45.18/28 Belg com 6.495/510 Belg fin 6.48/49 Japan 0.8130/4532 words
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Article39 1977-01-13 8 ZURICH exchanges quoted on Jan 11 US 2.4808-4818 UK 4.2395-2440 Can 2.4585-4505 WGerm 104.10-20 Neth 99.43-54 France 49.78-82 Belg 6.78-79 Denm 42.15-19 Norw 47.07-11 Swed 59.20-25 Italy 0.2831-2834 Austria 14.66-68 Port 7.76-78 Spain 3.61-3/4-62-1/4 Arg 0.85-1.00 Japan 0.84-3/4-85-1/439 words
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Article261 1977-01-13 8 LONDON, Wed. Eurobonds tended mostly easier in generally moderate trading, dealers said. Some dealers saw occasional small buyers for US issues while others considered the market tended cautiously easier by around K point. Convertible .bonds were quietly steady to a touch easier. Eurobond prices quoted on Jan 12.261 words
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Page 8 Advertisements
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Advertisement162 1977-01-13 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)162 words
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TRANSPORT AND COMMUNICATIONS
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Article510 1977-01-13 9 TERESA LIM - By TERESA LIM THE smaller shipyards in Singapore are waiting with bated breath for developments from the production sharing agreements between Petronas, the Malaysian national oil company, and other oil majors. Already, drilling Is about to begin on five oil-wells off the coasts of Sabah510 words
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433 1977-01-13 9 Washington Star WASHINGTON, Wed. Last year, one of the best maintained railroads in the United States the Washington-based Southern Railway system recorded a 48 per cent increase in the number of accidents on its 16,800 km system. During the same year over aWashington Star - 433 words
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Article402 1977-01-13 9 Reuter TOKYO, Wed. Japan's National Railways (JNR) are pushing ahead with experiments on magneticallyoperated trains which "float" above a concrete guideway and can theoretically reach speeds of up to 500 km an hour. Although similar experiments are now under way in West Germany and theReuter - 402 words
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Article, Illustration445 1977-01-13 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Batu (after Palm Sea Horse sails) (PSA P/O) 15/16 Chidambaram (1100 after Pampa Argentina) 31/32 Jong Kong (Clinker) (1200 after Henriette Maersk) 5 Kota Slngapura (1930 after Talko) 3/4 Marabank (after Sophia First) 44 Palm Sea Horse (Tanker) (PSA P/O) (after Hague Maru)445 words
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Article1055 1977-01-13 9 TERRY DODSWORTH - By TERRY DODSWORTH Financial Times GENERAL MOTORS' withdrawal from Its negotiations for British Ley land's car plant In Spain 18 months ago gave notice of a radical change In the international view of the Spanish motor Industry. Up to that point Spain had been attractingFinancial Times - 1,055 words
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Article194 1977-01-13 9 AP LONDON. Wed. Grain chartering expanded on the London shipping freights market yesterday as business was reported from the North Atlantic. South America, the North Pacific and South Africa. US Gulf business included a 70,000-tonne part cargo aboard the January loading bulk-oil carrier BJorgholm for Holland atAP - 194 words
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Article609 1977-01-13 9 arrivals Service Operator Number Local Time From OA SAS MAS SIA CPA OA472 SK988 MH682 SQ211 CX710 0200 0700 0810 1010 1030 SYD/MEL HLP KCH HLP HLP GIA GIA PAL RBA GA980 GA908 PR501 BI325 1030 1100 1115 1155 HLP MES MNL BWN SIA SIA GIA SQ201609 words
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Page 9 Advertisements
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Advertisement629 1977-01-13 9 From January 1977 SINGAPORE BUSINESS is on sale. What, another business publication? No, not just another. In fact, we were here first and businessmen here still find they need Singapore Trade and Industry monthly to give them the depth, the essential facts and figures and the "inside dope" on what's629 words
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Article, Illustration782 1977-01-13 10 LEONARD KIRSCHEN - HIGH PRICES BRING A NEW RACKET COFFEE SMUGGLING By LEONARD KIRSCHEN AP SKY-HIOH coffee prices have brought a new International racket coffee smuggling. Latin American coiree experts at the International Coffee Organisation here estimate that In the past year Colombia, an Important coffee-producing nation, has been worst hit by IllicitAP - 782 words
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Article, Illustration962 1977-01-13 10 PETER CALVERT - By PETER CALVERT Reuter A NEW BREED of pirates have emerged In Asia and are reaping profits probably hundreds of millions of dollars a year greater than their seagoing forbears ever dreamed of. All around the continent, "trade pirates" are Illegally copying branded goodsReuter - 962 words
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856 1977-01-13 10 JOHN LEE - By JOHN LEE NYT THE TOAST over drinks at Houston's Petroleum Club Is, "health and hydrocarbons," The flrsttlme visitor is Indulged with the explanation that "hydrocarbon" is the chemical term for the petroleum industry and its products. As for "health," well, that seems synonymousNYT - 856 words
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Article1423 1977-01-13 10 DAVID SATTER DESCRIBES THE PROBLEMS OF Financial Times EVERY weekday morning, a crowd of nervous foreigners Ethers on the steps of the oscow Bank for the Foreign Trade, waiting for It to open. They come early because they know that as the morning wears on the atmosphereFinancial Times - 1,423 words
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Article102 1977-01-13 10 LEE HONG JUAY - LETTER TO THE EDITOR LEE HONG JUAY Secretary, Securities Industry Council I REFER to the reports on Far Eastern Hotels Development Limited printed on the front page of the Jan 10 and Jan 11 issues of Business Times, which stated that: "Morgan Orenfell (Asia) Limited has been appointed102 words
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Page 10 Advertisements
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Advertisement186 1977-01-13 10 < r MONTHLY ECONOMIC REPORTS With monthly politicol supplement for UP-TO-DATE HANDY REFERENCE 1 S s ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast186 words
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340 1977-01-13 11 AP WASHINGTON, Wed. Communist Vietnam was granted a US$3B million (8988.2 million) loan yesterday by the International Monetary Fund largely to compensate for loes of export earnings resulting from war damage. The loan to Vietnam by the 129-member agency was theAP - 340 words
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257 1977-01-13 11 UPI TOKYO, Wed. Eager for Western capital and technology, Vietnam will shortly Issue a sevenchapter set of regulations governing foreign investment in its national developments, Kyodo News Service said today. Kyodo said the regulations will Invite foreign Investment in natural resource development and jointUPI - 257 words
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Article207 1977-01-13 11 UPI TOKYO, Wed. The Finance Ministry today completed work on a US$95 billion (*****.75 billion) budget for fiscal 1977 beginning next April, designed to promote steady economic growth and long-term balance In government revenues and expenditures. The new budget, representing a 17.3 per cent IncreaseUPI - 207 words
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Article49 1977-01-13 11 Reuter BONN, Wed. The danger of Britain reverting to trade protectionism as a means of solving Its economic groblems has been removed y the granting of the IMF US$3.9 billion (559.55 billion) credit, Mr. Karl Otto Poehl, State Secretary at the German Finance Ministry said. Reuter.Reuter - 49 words
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354 1977-01-13 11 Reuter SEOUL, Wed. President Park Chung-hee today predicted that South Korea would become a highly industrialised country by 1981, and at the same time offered food aid to North Korea on a humanitarian basis. He told a press conference that foreign press reportsReuter - 354 words
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Article336 1977-01-13 11 SINGAPORE'S exports to Saudi Arabia which had been Increasing at a good rate between 1673 and 1975 appear to have slackened a little In the last year. Statistics for the first 11 months of 1976 show a fall from the same period In 1975, and336 words
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1772 1977-01-13 11 KUALA LUMPUR: Borrowing companies which have experienced rapid growth in the past seven years under the Borrowing Companies Act. 1969. are all set for another period of expansion. To enable further growth, the Act Is being amended to allow for the risk1,772 words
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284 1977-01-13 11 UPI LAHORE, Wed. The Pakistan National Alliance (PNA), a coalition of nine opposition parties formed to challenge Prime Minister Zulfikir All Bhutto's ruling People's Party in the March general elections has demanded the immediate lifting of the state-wide emergency and the release of allUPI - 284 words
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Article125 1977-01-13 11 Coconuts: Top earner AP MANILA, Wed. Total foreign exchange earnings of coconut products last year reached US$555 million (*****9.8 million), making the industry the Philippines' top dollar earner that year, the United Coconut Association of the Philippines (UCAP) said today. UCAP said last year's export volume totalled 2.34 million tonnes,AP - 125 words
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137 1977-01-13 11 YESTERDAY'S meeting between Labour Ministry officials and Overseas Electronic Corporation, one of the four firms recently threatened with industrial action by Silo, appears to have gone well. Mr. Kenny Loh, personnel officer of Overseas Electronic, said that following informal discussions with the137 words
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276 1977-01-13 11 Reuter RIO DE JANEIRO, Wed. Brazilian coffee producers are proposing a boycott of Coca-cola and other foreign products in retaliation against a coffee boycott by consumers in the United States. The new move In the coffee war was suggested by the president ofReuter - 276 words
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Article45 1977-01-13 11 TWO suits totalling more than $000,000 were filed In the High Court yesterday against Hsu Shang (also known as Kevin S. Hsu). They were filed by Tan Boon Llat and Co. (Singapore) for $341,876.72 and $259,144.99, being sums allegedly due under an agreement.45 words
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Page 11 Advertisements
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Advertisement462 1977-01-13 11 [appointments Central Electric (U.S.A.) W Consumer Electronics Ft*. Ltd. invites suitably qualified candidates for the position of:SYSTEMS ANALYST Candidates must be college graduates and have 5-6 years experience in systems analysis and design. Preference will be given to those with experience in COBOL programming and proven leadership in systems work.462 words
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Advertisement311 1977-01-13 11 CHEMIST An established international company is looking for a Oiale Singapore citizen aged 24 to 30 years He must have a degree in Chemistry or Chemical Engineering and previous experience in a resin or paint industry would be an advantage but not essential. Salary will be commensurate with experience and311 words
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314 1977-01-13 12 KUALA LUMPUR, Wed. EMI, a major recording company In the region, 1* seeking to wage an all-out war against piracy of sound productions. A two-day regional meeting of EMI directors to be held In Kuala Lumpur from Sunday will give priority to this314 words
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Article771 1977-01-13 12 LONDON, Wed. The stock market closed easier with trading In government bonds again a feature. At 3 p.m. the Financial Times Index was off 0.7 at 357.9. Government bonds lost up to one point on further profit-ta-xing, rallying to close about 3/4 off among longer maturities. Dealers reported771 words
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386 1977-01-13 12 JOHN Waddington, best known locally as the manufacturer of Monopoly, intends to manufhcture tht astir* range of ita consumer products in Singapore, for the regional market first and eventually for export to Europe. This was revealed by Dr. Clive Rankin, general manager of386 words
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141 1977-01-13 12 Reuter BEIRUT, Wed. The United Arab Emirates (UAE) want to raise oil production by one million barrels a day, UAE Petroleum Minister Mana AlOtelba was quoted as saying The UAE and Saudi Arabia decided at a conference of oil-producing countries last month toReuter - 141 words
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574 1977-01-13 12 UPI MANILA. Wed. President Ferdinand Marcos today reiterated the Intention of his government to renounce all military agreements with the United States If doing so would serve the national Interest of the Philippines. In an exclusive interview with UPI, Mr. Marcos said theUPI - 574 words
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664 1977-01-13 12 LOCAL EQUITY PARTICIPATION: BRITISH companies could In future be more willing to offer local equity participation when they make direct Investments abroad if others follow the Innovative lead being set In this respect by the UK electrical giant, GEC. Although GEC has not664 words
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383 1977-01-13 12 JOHORE BARU, Wed. Two Malaysian companies Mosbert Bhd. and Allstate Enterprises Sdn. Bhd., which have overseas debts totalling US$2OO million (Ss49o million) and local debts amounting to about $17 million are to be liquidated on a petition by their383 words
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404 1977-01-13 12 Reuter BANGKOK, Wed. Thai and Malaysian forces are planning a big Joint operation against communist guerillas In southern Thailand, diplomatic sources said here today. Thai artillery and planes have been pounding the Jungle slopes of the Banthad mountain range where hundreds ofReuter - 404 words
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143 1977-01-13 12 EUROPEAN banks are expanding their interest In regional financing, if recent loan syndication advertisements are anything to go by. The recent Manila Electric Co (Meralco) US$l5 million (5836.75 million) issue probably the last syndlcated loan floated regionally In 1976 was almost wholly subscribed by Continental143 words
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Article52 1977-01-13 12 HO KWON Ping, 24, will have his case mentioned In District Court on Jan 22. Mr. Ho, who is the local correspondent for the Far Eastern Economic Review, which has its headquarters In Hongkong, was recently arrested ana charged with disseminating protected Information without the consent of a52 words
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339 1977-01-13 12 KUALA LUMPUR, Wed. The new salary scale for the civil servloe, teachers and employees of statutory bodies and local authorities Is to be Implemented not long after the return of Datuk Hussein Onn from his current overseas trip. The Prime Minister Is339 words
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411 1977-01-13 12 SEOUL, Wed. President Park Chung-hee said today the 40,000-strong American forces here could be withdrawn If North Korea signed a non-aggression agreement with the South as proposed by him three years ago. This is Mr. Park's first public comment on411 words
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Article148 1977-01-13 12 Reuter COLOMBO, Wed. Sri Lanka's parliamentary opposition today called on Prime Minister Slrlmavo Bandaranalkc to recall Parliament for an emergency debate on widespread strikes In the public sector. Three opposition parties, In a letter to Mrs. Bandaranalke, blamed the strikes on unrest over food shortagesReuter - 148 words
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Article124 1977-01-13 12 A LOCAL trading firm, Dlethelm Singapore, has taken out a cult in Admiralty Court sea king to arrect any one of 76 snips belonging to the Danish Maersk Line. A spokesman for the law firm representing the company said that to name a serlas of Teasels to124 words
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Article261 1977-01-13 12 THE Singapore Organisation of Seamen (80S) warned yesterday that It will take strong measures to deal with shipping firms which persist In recruiting foreign and unregistered seamen, despite a large reserve of local seamen. An SOS spokesman declined to list the measures that the261 words
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Article199 1977-01-13 12 KUALA LUMPUR, Wed. Large industrial firms performed better than medlum-slsed and small firms both In terms of production and total export sales between May and August last year. The performance of the large firms (employing over 200 workers) medium sized firms (100 199 workers) and199 words
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159 1977-01-13 12 UPI TOKYO. Wed. Prime Minister Takeo Fukuda Instructed his two key Cabinet ministers today to study "as soon as possible" an Increase of beef Import from Australia. Mr. Fukuda gave the Instructions to Foreign Minister Ilchlro Hatoyama and Agriculture-Forestry Minister Zenko Suzuki as AustraliaUPI - 159 words
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Article86 1977-01-13 12 Reuter LONDON, Wed. New Instalment credit advanced by UK finance houses and retailers rose to £331 million (SI 1390 million) in November, seasonally adJusted, from £309 million In October and £251 million In November 1975, the Industry Department said. Finance houses £140 million In November against £128Reuter - 86 words
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Advertisement74 1977-01-13 12 Seagram's V.O. Canadian. Wefre something different. Don t expect V.O. to taste like Scotch. It isn't Scotch. V.O. Canadian is a little smoother and lighter than what you usually order. Once you order it, it |ust might become your usual. Stage a® Canadian wh^ k > Another fine product brought74 words
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Advertisement376 1977-01-13 12 ROBIN SHIPYARD PTE. UNITED Our Shipyard in Singapore specialises in tugs, supply vessels, barges and shallow water tonkers as well as sophisticated Robray-300 Jack-up Rigs for deep sea drilling. Following tugs and supply vessels are under construction and are for quick sale at low prices and early delivery: 450 HP376 words
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