The Business Times, 14 January 1977
1977-01-14
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The Business Times
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Title Section10 1977-01-14 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, JANUARY 14, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article75 1977-01-14 1 UPI LONDON, Thurs. Prime Minister James Callaghan has decided to take personal control of Britain's economic recovery programme and defence of the pound, Government officials said today. Political informants said the decision means the effective demotion of Chancellor Denis Healey, and his probable replacement later this year.UPI - 75 words
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Article65 1977-01-14 1 UPI WASHINGTON, Thurs. President-elect Jimmy Carter and his national security team met with the Joint Chiefs of Staff for a top secret briefing on Soviet military power and threats to the United States. A Central Intelligence Agency study told Congress earlier this week that "Soviet military activitiesUPI - 65 words
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Article57 1977-01-14 1 TOKYO, Thurs. Japan's Helwado Trading Company, a leading importer of foreign watches, has acquired a 40 per cent stake In Waltham International, a Swiss watch manufacturer. The Japanese company, which already holds Waltham marketing lights In Japan, has also obtained the marketing rights for Hongkong, Thailand, Malaysia,57 words
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Article61 1977-01-14 1 UPI TEL AVIV, Thurs. Israel is reviewing the entire scope of its relations with France following the release of alleged Palestinian guerilla Abu Daoud, diplomatic sources said today. The sources said the review affects cultural, scientific, economic and "all other aspects" of diplomatic relations between the twoUPI - 61 words
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Article68 1977-01-14 1 Reuter TOKYO, Thurs. Two Japanese companies have signed an agreement in Khartoum with the Sudanese Government to develop huge chrome ore deposits in eastern Sudan, It was announced here today. An announcement by Mitsubishi and Japan Metals and Chemicals said between US$5O and 60 million (551,22.5 147Reuter - 68 words
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Article41 1977-01-14 1 AP MANILA, Thurs. The Asian Development Bank said today it has agreed to provide advisory staff assistance for Indonesia's integrated agricultural pilot project, which will be financed on a grant basis by the European Economic Community. AP.AP - 41 words
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Article33 1977-01-14 1 TELUK ANSON, Thurs. The kerosene shortage here which began a month ago has reached a critical stage, and customers are compelled to produce their identity cards when making a purchase.33 words
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Article44 1977-01-14 1 UPI NEW YORK, Thurs. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 972.32, up 4.07; 20 transp 233.75, up 0.63; 15 utlls 106.75, up 0.19; 65 stocks 317.45. up 1.09. UPI.UPI - 44 words
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Chief Price Changes
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Article, Illustration171 1977-01-14 1 TRADING at the Stock Exchange of Singapore yesterday wag fairly active, with most shares ending in plus territory. Gains, however, were small. The Business Times index was fractionally higher at 273.44 while the Straits Times Industrial average was practically unchanged at 258.76. Falls Most active Tronoh Mine*171 words
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Article109 1977-01-14 1 Rises Most active Golden Hope M. Flour $3.48 $2.75 +.14 +.12 Central Sugars Haw Par 186,000 186,000 Prima $2.92 .12 InchcaDe 66 000 Temerloh S. Trading Bouste&d Int. Wood Ldn. Asiatic D. Keramat $2.16 $5.45 $3.78 $0.80 $2 56 $5.50 .11 .10 .08 .08 08 .05 Malayan109 words
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1070 1977-01-14 1 JOHN TAN - BY 1981, 85pc WILL BE IN GOVT HOUSING •r JOHN TAN WITH the Housing and Development Board stepping up Its building programme for the next five years, one is hardly surprised that the private residential property market is looking gloomier by the day. By1,070 words
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448 1977-01-14 1 WORRIED about their apparently diminishing role in relation to Singapore's overall growth as a financial centre, the finance houses are sponsoring a major, international "study of where their future growth prospects lie. This was confirmed last night by Mr. Sla Yong, chairman of the448 words
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Article279 1977-01-14 1 Reuter TOKYO, Thurs. The 28.51 trillion yen (*****.5 billion) draft national budget for fiscal 1977 announced today incorporates an income tax cut of 318 billion yen per year, to be offset by selective Increases in some other taxes, including those on Interest and dividends, FinanceReuter - 279 words
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Article169 1977-01-14 1 MR. R. F. Jenkins has been reappointed managing director of Guthrie Berhad following the surprise resignation of Mr. R. W. England on Monday. The reappointment of Mr. Jenkins, who retired In 1974, as chief executive was announced by the company In a letter to the Btock Exchange169 words
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Article139 1977-01-14 1 DR TONY Tarn, president of the Association of Banks in Singapore and an assistant general manager of the Oversea Chinese Banking Corporation, said yesterday that local banks have shown significant interest in the invitation sent by Morgan Grenfell of the United Kingdom to participate in a multi-million139 words
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280 1977-01-14 1 THE number of tourists visiting Singapore last year will probably turn out to have topped the 1.5 million mark, according to Mr. Joseph Kong, assistant director of marketing at the Singapore Tourist Promotion Board. Mr. Kong disclosed this yesterday during the course of280 words
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264 1977-01-14 1 THE arrest of a Pertamina chartered tanker in Singapore last October was challenged in the High Court yesterday by a Queen's Counsel acting on behalf of the Indonesian state-owned oil company. Mr. Richard Stone, QC, in aeeking the release of the tanker and for264 words
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Article39 1977-01-14 1 UPI MANILA, Thurs. The Philippines obtained a total of U*****.2 million (Bsl.l billion) in loans from the World Bank and the Asian Development Bank In 1976, the National Economic and Development Authority announced today. UPI.UPI - 39 words
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Article362 1977-01-14 1 A SINGAPORE lawyer, Mr. Robert Booker, who was an alternate director of Haw Par Brothers International Ltd In Singapore, told a London magistrate's court yesterday that It was only In July 1975 four years after his appointment that he heard of Spydar Securities, and then362 words
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Article269 1977-01-14 1 THE International Tin Agreement became totally Ineffective for practical purposes yesterday, as the buffer stocks of tin metal finally gave out and the official celling therefore became unenforceable, If not meaningless. In London yesterday afternoon the executive Chairman of the International Tin Council announced that (he buffer269 words
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Page 1 Advertisements
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Advertisement101 1977-01-14 1 Copy large size originals on one sheet, size for sizeno trimming, no sticking together. Xerox 3103 No matter what the originals. Up to 14" by 18" or 356 mm by 457 mm. solids. Half tones. Or pale blue, the Xerox 3103 gives perfect reproductions. Every time. Size for size. On101 words
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Advertisement201 1977-01-14 1 SoLFnio. M 27. FAR EAST SHOWING CENTRE MS OftCMARO ROAD SINGAPORE 9 TEL *****8 TELEX RS ***** CABLE PARGOLF SEE PAGES 10 AND 11.' The Corporate Dollar Capital Idle Working Capital Overheads Taxes Reinvestment Cash iPEmMEN Put your idle cash to work with Banking Corporation Whether you do business in201 words
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OVERSEAS
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463 1977-01-14 2 AP NEW YORK, Thurs. Foreign businessmen in general and Americans in particular have a lot to learn about ground rules If they are going to cash in on Saudi Arabia's US$l42 billion (***** billion) development bonanza, says the author of an article In theAP - 463 words
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Article146 1977-01-14 2 Reuter TOKYO, Thurs. Bankruptcies in Japan in December rose to an all-time monthly high of 1,685 from 1,598 in November and 1,493 in December, 1975, the Tokyo Commerce and Industry Research Company said. The company, whose figures are used by the Bank of Japan in its bankruptcyReuter - 146 words
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206 1977-01-14 2 AP LONDON, Thurs. Police arrested two men here last night after the theft In the Netherlands of hundreds of computer tapes containing vital financial Information, Scotland Yard said. The tapes were missed by the Giant British firm Imperial Chemical Industries (ICI) from itsAP - 206 words
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Article89 1977-01-14 2 Reuter TORONTO. Thurs. Oovernment-owned Air Canada yesterday said It was suspending flights to Brussels, Moscow and Prague at the end of this month as an economy. Airline president Claude Taylor said the carrier would show a significant loss for 1976, despite a substantial operating profit. HeReuter - 89 words
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657 1977-01-14 2 UPI AP WASHINGTON, Thurs. The United States furnished the glue that holds together the foreign oil cartel, Congressional witnesses said yesterday, adding that the United States can dissolve It as well. Professor M.A. Adelman of the Massachusetts Institute of Technology said one wayUPI; AP - 657 words
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Article254 1977-01-14 2 AP LONDON, Thurs. The London Times failed to publish today when workers refused to print It without alteration or addition to a report and article attacking printing unions for Imposing news censorship. A times spokesman said the row was over a news report and articleAP - 254 words
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187 1977-01-14 2 AP OTTAWA, Thurs. The Federal Government should Improve the Investment climate and strengthen the competitive position of Industry, the Canadian Pulp and Paper Association said yesterday. The Association, In a report to the Federal cabinet discussing the present economic situation and the periodAP - 187 words
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202 1977-01-14 2 UPI BYDNEY, Thurs. The Canadian Minister for Energy, Alastalr Gillespie, arrived today for talks with senior ministers and atomic energy officials on the possible introduction of a Canadian nuclear reactor Into Australia. At an airport news conference, Mr. Gillespie said the reactor would costUPI - 202 words
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228 1977-01-14 2 AP TEHRAN, Thurs. Britain and Iran agreed yesterday to double their current US$l billion a year (552.45 billion) trade over a period of two to three years, a British spokesman reported. The British trade officials who came here to negotiate the agreement expressedAP - 228 words
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Article38 1977-01-14 2 UPI HARTFORD (Connecticut), Thurs. A Bill to ban the Concorde supersonic Jet at Bradley International airport at Windsor Locks will be aired on Jan 24 at a public hearing, the Connecticut legislature's transportation committee said yesterday.—UPI - 38 words
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Article420 1977-01-14 2 AP WASHINGTON, Thurs. US President-elect Jimmy Carter and his advisers are thinking of easing the US trade embargo on Cuba as a gesture that could open the way to a dialogue with Fidel Castro's communist government. Members of Mr. Carter's transition team, reporting this yesterday,AP - 420 words
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Article175 1977-01-14 2 AP WASHINGTN, Thurs. US Senator Henry Bellmon yesterday criticised recent International Monetary Fund loans to Great Britain and Vietnam. In a senate speech, the Arizona Republican said that in lending the British US$3.9 billion (559.5 billion), the IMF is wasting American money by helping theAP - 175 words
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176 1977-01-14 2 AP TOKYO, Thurs. China said today that the Soviet Union has been expanding its shipping services In South-east Asia and using them to dominate the region's waterways. An article distributed by China's Hslnhua News Agency said the Soviet tactic In South-east Asia was "to snatchAP - 176 words
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Article379 1977-01-14 2 Reuter LONDON, Thurs. Leaders of Britain's Coalminers' Union last night accepted ah early retirement scheme, averting threatened strike action. National Union of Mineworkers president, Mr. Joe Gormley said his executive would recommend the 270,000 miners to accept the state-run National Coal Board's offer that theReuter - 379 words
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Article223 1977-01-14 2 AP BRIDGEND, (Wales) Thurs. Japanese "common sense" Is working to keep British workers happy and avoid strikes. A Japanese-owned Sony television factory here opened Its gates yesterday to show off Its work force, which In three years of operation has never had a strike. The secretAP - 223 words
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554 1977-01-14 3 Reuter WASHINGTON, Thurs. The incoming US Treasury Secretary said yesterday he sees no need for the 1 United States to soften its strong stand against the Arab boycott of Israel, even In an effort to ensure a steady supply ofReuter - 554 words
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Article93 1977-01-14 3 Reuter PARIS, Thurs. Italy yesterday sought French support for its attempts to obtain two major loans one of US$53O million from the International Monetary Fund and the other of US$49O million from the Common Market. Officials said the subject came up in a half-hourReuter - 93 words
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Article, Illustration543 1977-01-14 3 Callaghan will keep a close watch on the LONDON, Thursday Reuter BRITISH Prime Minister James Callaghan has decided to keep a close personal watch on the pound and be ready to Intervene against unwanted fluctuations, Informed sources said yesterday. The decision comes after Monday's announcement in Basle of an agreementReuter - 543 words
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281 1977-01-14 3 Reuter MONTREAL, Thurs. The Canadian Textiles Institute said in a brief to the Government's Textile and Clothing Board that textile imports should be restrained to the 1973-1975 levels, an average of 83 million pounds of apparel a year. This, it said, "would leave CanadianReuter - 281 words
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187 1977-01-14 3 AP CAIRO, Thurs. Arab foreign ministers of five oilrich states have pledged more than US$l billion (552.4 billion) a year to states confronting Israel, Cairo's semi official daily newspaper A 1 Ahram said today. Observers here noted that the amounts mentioned were almostAP - 187 words
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Article185 1977-01-14 3 AP. MEXICO CITY, Thurs. Mexico announced yesterday that it has proven oil reserves of 11 billion barrels and will seek to have the figure certified by international experts. The figure was revealed by Mr. Hector R. Lara Sosa, a chemical engineer and deputy director of industrial productionAP. - 185 words
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Article223 1977-01-14 3 Reuter CANBERRA, Thurs. A sharp lift in net apparent capital inflow swung Australia's balance of payments as measured by net official monetary movements into a As4o4 million surplus in December, from an AsBs million (revised) deficit in November, the Statistics bureau reported. This compared with a AReuter - 223 words
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Article85 1977-01-14 3 Reuter PARIS, Thurs. Three French unions called on workers in the public sector and nationalised Industries to strike In protest in government economic strategy during the last week of January, Mr. Georges Seguy, general secretary of the Confederation Generate du Travail (CGT) said. Speaking afterReuter - 85 words
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Article192 1977-01-14 3 UPI ROME, Thurs. The crumbling Italian Air Force is expected by Parliamentary observers to get a sorely needed cash injection of UStl.s billion (553.6 billion) in a vote by the Chamber of Deputies today. Air Force Chief General Dino Ciarlo has been pressingUPI - 192 words
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450 1977-01-14 3 ROME, Thurs. Reuter PRESSURE on the Italian Government to pursue an expansionist policy is increasing from political parties, unions and industry, but the central problem In the current debate remains the need to reduce labour costs and raise exports, senior government economistsReuter - 450 words
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Article45 1977-01-14 3 Reuter BONN, Thurs. The German white-collar Public Service Union said It will claim an eight per cent pay rise for 1977, plus increase holiday payments for its 130,000 members, In the coming wage negotiations with employers, according to a union spokesman.Reuter - 45 words
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Page 2 Advertisements
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Advertisement89 1977-01-14 2 A wealth of answers to scientific phenomena iiik sri i:\ris 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 molecular theory mathematics the human89 words
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Page 2 Miscellaneous
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Miscellaneous344 1977-01-14 2 WEATHER report for 24 hours prior to 7.30 p.m. on Jan 13 at Singapore airport: Maximum temperature Associated humidity Minimum temperature Associated humidity Hours of sunshine Rainfall in millimetres Total rainfall for the month Total rainy days for the month SINGAPORE 5 3.00 P.M. Opening Announcements followed by Housewives' Matinee344 words
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Page 3 Advertisements
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Advertisement483 1977-01-14 3 Have you noticed how Bedford trucks keep on turning up in places where there's hard work to be done? BEDFORD TRUCKS AT CHANGI INTERNATIONAL AIRPORT Look at some of the toughest, roughest jobs going on around town today and you're bound to see Bedford trucks. In just about the biggest483 words
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COMPANY NEWS
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432 1977-01-14 4 SINGAPORE EIDAI CORPORATION EIDAI of Japan has assumed the liabilities of its subsidiary here, Singapore Eldai Corporation, which are likely to cost it more than $37 million. The Japanese parent is also negotiating with prospective buyers for the sale of the entire plant, machinery, land and432 words
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624 1977-01-14 4 AFTER enjoying a near 150 per cent Jump in pre-tax profit to M 57.23 million for the year ended Oct 31, 1976, Petaling Tin is looking for further growth in the years ahead. And with this optimistic outlook, shareholders can look forward to increasing624 words
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Article90 1977-01-14 4 SECURA which recently sold all its assets and its specialised security and confidential printing business to Metal Box Singapore, has changed its name to Cidelco. A statement from its parent company, City Developments, says the change was effected on Dec 31. 1976. MBS purchased Secura's business and fixed assets90 words
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Article98 1977-01-14 4 CHEMICAL Co. of Malaysia will finance its investment of Mss million in a new paraquat dlchloride plant from its retained profits which totalled $18.76 million at Sept 30, 1976. Replying to queries from the Kuala Lumpur Stock Exchange, CCM says It will build the plant with a capacity98 words
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441 1977-01-14 4 JIM Raper. the India-born buccaneering Britisher, formerly of the boards of Faber Merlin. Faber Union. Pa hang Consolidated and the Hotel Merlin group has now given up the chairmanship of St. Plran, perhaps his last corporate link In Malaysia. His resignation on Dec 23,441 words
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411 1977-01-14 4 THANKS largely to Increased premium Income, pre-tax profit at Cosmic Insurance took a hefty 120.6 per cent rise to $743,070 for the year ended March 31, 1976. Gross retained premium rose by 75 per cent from $3.64 million to $6.37 million after taking into411 words
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Article302 1977-01-14 4 Current Ex Dale Total for Total for payment Date payable the year previews year Boustead 15%+ Dec 28 Jan 14 15%+ 40% N.8.O.P. 10%+ Dec 21 Jan 15 10%+ 17.5% Bitu Kiwts 5% Dec 30 Jan 17 10% 5%a Duff Dev. 2.5% Dec 30 Jan 17 5% 5%302 words
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COMPANY MEETINGS
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24 1977-01-14 4 THE following company meetings are due: Jan 18, 11.30 a.m., 4th Floor, Bangunan MIDF 117 Jalan Ampang, Kuala Lumpur.24 words
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Article14 1977-01-14 4 Jan 21, 12 noon, at Raffles Hotel. Beach Road, Singapore 7.14 words
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Article14 1977-01-14 4 Cycle Carriage Ltd.: Jan 22, 12 noon, Mandarin Hotel, 333 Orchard Road, Singapore 9.14 words
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Article14 1977-01-14 4 Jan 24, 12 noon. Registered Office. 114 Jalan Sultan Yussuf, Ipoh.14 words
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16 1977-01-14 4 Jan 29, 11 a.m., 31 Jalan Riong, Kuala Lumpur.16 words
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Article18 1977-01-14 4 Jan.29, at the Board Room, 3rd Floor, Bangunan UMBC, Jalan Sulalman, Kuala Lumpur.18 words
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Article17 1977-01-14 4 Jan 30, 11 a.m., Registered Office, No. 6-2 Jalan Fatlmah, Batu PahAt, Johore.17 words
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217 1977-01-14 4 RIVERVIEW Rubber Estates has revalued its freehold and leasehold land and Its 40.16 per cent stake In Narborough (F.M.S.) Rubber Estates. The revaluation threw up an undisclosed surplus. Disclosing this to the Kuala Lumpur Stock Exchange, the company says these revaluations could not be taken into217 words
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754 1977-01-14 4 SIMON TAIT - By SIMON TAIT FT The flood of Japanese banks seeking to Join the International consortium banking community has slowed to a trickle over the past two years, and there is little or no likelihood of the flow reviving in the near future. ForFT - 754 words
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Article1109 1977-01-14 4 On January 12 PRICES on the Chicago Board Options Exchange pointed lower on Wednesday. Losers topped gainers, 412 to 85. Volume approximated 101,484 contracts, compared with 95,668 contracts on Tuesday. OPTION JAN APL JLY STOCK Alcoa 46 10 NOL NOL 66 Alcoa SO 4 3/8 6 3/81,109 words
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Article237 1977-01-14 4 UPI TOKYO, Thurs. Heiwado Trading, Japan's largest importer of watches, has bought 40 per cent of the Swiss watch maker Waltham International's stock and obtained management rights in the company, a Tokyo newspaper reported yesterday. The Asahi Shlmbun said in addition to the purchase of theUPI - 237 words
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Article93 1977-01-14 4 Reuter LONDON,Thurs The UK Government will spend 110 million to help Hoover expand activities at its washing machine facotry in Merthyr Tydfil. Wales, the Welsh Development Agency said in a statement. The agency will build a new factory adjacent to the existing plant which it willReuter - 93 words
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Article90 1977-01-14 4 DETROIT, Thura. Ford Motor president Mr. Lee A. lacocca said as many as 14 million cars and trucks could be delivered to US buyers In 1977. Mr. lacocca said he believes 1977 sales could approach the record set In 1973 He said in a statement,90 words
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Advertisement160 1977-01-14 4 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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INTERNATIONAL COMPANY NEWS
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100 1977-01-14 5 Reuter TOKYO Thurs. Matsushita Electric Industrial said it will start marketing video tape recorders (VTR) using a recording system developed by Victor of Japan, from April this year In addition to its own "VX 2000" VTR models. Matsushita said the new VTR would be pricedReuter - 100 words
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Article85 1977-01-14 5 Reuter HONGKONG, Thurs. Beauforte Holdings Is paying a maintained interim dividend of three HK cents. The dividend is payable on Feb 8 to shareholders registered on Jan 29. The company, a Wheelock Marden group unit, said it expects to pay an unchanged final dividend of 4.5 cents. It alsoReuter - 85 words
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Article423 1977-01-14 5 Reuter FLOTTA, Orkneys, Thurs. Occidental Petroleum chairman Armand Hammer told Reuters he expects 1977 revenue to total some US$7 billion against $5.3 billion in 1975. "In three years revenue will be over $10 billion," he said. Profits from North Sea oil will mean a great deal moreReuter - 423 words
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360 1977-01-14 5 Reuter PARIS, Thurs. The PSA Peugeot-Citroen group expects record results in 1976, group chairman Francois Gautier said, although he did not give precise figures. Before the merger of the two French car groups Peugeot reported a 1975 net profit of 112 million francs and CitroenReuter - 360 words
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Briefly
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Article78 1977-01-14 5 MONTREAL, Thurs— Ford Motor of Canada said it expects Canadian car sales In 1977 by all makers to rise four per cent to 981,000 units from 946,172 last year. Vice-president William L. Hawkins said Ford Canada car and truck sales are running 21 per cent ahead of last78 words
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Article96 1977-01-14 5 TOKYO, Thurs. Nissho Iwal and the Kurokawa ([roup said they received a etter of authorisation from the Ajman State Government of the United Arab Emirates to build a new town in a 400 hectare desert land tract near Ajman. The agreement covers feasibility studies, planning, design, construction and96 words
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Article41 1977-01-14 5 LONDON, Thurs. British Petroleum said It completed and abandoned its well 14/15-2 in the UK sector of the North Sea. The Rig Sea Conquest is moving to drill a second well In Block 3/29 for BP and National Iranian Oil.41 words
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Article43 1977-01-14 5 NEW YORK, Thurs. Warner-Lambert said It received 98 per cent of the outstanding Deseret Pharmaceutical shares In Us US$3B a share tender offer which expired on Tuesday. Warner-Lambert said It received acceptances for 3.03 million of the 3.09 million Deseret shares outstanding.43 words
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Article36 1977-01-14 5 LONDON, Thurs. The Sumitomo Heavy Industries US$2O million bond due 1984 was priced at 99 1/4 and the coupon cut to 7 3/4 per cent from eight per cent, Dalwa Europe said as lead manager.36 words
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Article70 1977-01-14 5 NEW YORK, Thurs. J.C. Penney said It plans capital outlay of US$265 million in fiscal 1977 ending January 1978, compared with an estimated $280 million In capital outlays In the current fiscal year. Penney said It will open 23 full line, 36 soft line and 26 drug stores,70 words
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Article92 1977-01-14 5 NEW YORK, Thurs. The executive committee of the Securities Industry Association voted at Its monthly meeting to support a 30minute earlier opening of trading on the New York and American stock exchanges, the SIA said. An SIA spokesman said the committee agreed with the earlier opening suggested by92 words
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Article34 1977-01-14 5 NEW YORK. Thurs. F.W. Woolworth said Its board Increased the quarterly dividend to 35 US cents a share from 30 cents, payable on March 1 to share holders on record on Feb 1.34 words
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Article51 1977-01-14 5 TOKYO, Thurs. Tokyo Sanyo Electric said It plans to offer 14 million common shares in the form of Contlnental Depositary Receipts (CDR) in Europe next month through J. Henry Schroder Wagg and Dalwa Europe. The issue will raise capital to 10.9 billion yen from the present 10.2 billion, It51 words
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Article29 1977-01-14 5 ZURICH, Thurs. The Commissariat A L 'Energle Atomlque forthcoming 80 million franc SV» per cent 15 year loan was priced at MM per cent, Schweizerlsche Kredltanstalt said.29 words
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Article273 1977-01-14 5 FT AMSTERDAM. Thurs. Gasunie, the state-con-trolled Dutch monopoly gas distribution company in which Shell and Esso each have a 25 per cent million, Interest, said that total sales have risen to Fls.ll billion in the past year which compares with F15.8.49 billion In 1975. TheFT - 273 words
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Article264 1977-01-14 5 Reuter WASHINGTON, Thurs. The Supreme Court ruled unanimously that the New York state transfer tax on securities transactions, which taxes out-of-state sales more heavily than most transactions Involving a sale within the state violates the "commerce clause" of the constitution. The challenge to the tax, upheldReuter - 264 words
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134 1977-01-14 5 FT OSLO. Thurs. Ardal og Sunndal Verk, Norway's state-controlled aluminium concern, expects operations In 1976 to show a profit of around Kr.2o million compared with a deficit of almost Kr.4o million the previous year, according to managing director Haakon Sand void. He said the better resultFT - 134 words
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Article117 1977-01-14 5 Reuter TOKYO, Thurs. Mitsubishi Corp said Its 75 per cent owned Joint venture with Sumitomo Shojl Kaisha, Dahlia Mining, bought 28,920 preferred shares In Northwest Iron from seven Australian firms and a US company for US$4.6l million. Dahlia and Northwest produce 2.5 million tonnes of iron oreReuter - 117 words
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Article116 1977-01-14 5 TOKYO, Thurs. The Tokyo Stock Exchange said the outstanding balance of buying in margin trading at three major stock exchanges Tokyo, Osaka and Nagoya as of Jan 8 increased to an all-time high of 902.9 billion yen from 883.6 billion a week previously. This was the fourth116 words
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644 1977-01-14 5 MURDOCH TAKEOVER Reuter NEW YORK, Thurs New York Journalism faces a bout of head/ competition following the raid on some of Its major publications by Australian publisher Rupert Murdoch. Mr. Murdoch established himself as a power In the American press by taking over theReuter - 644 words
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129 1977-01-14 5 Reuter CHICAGO, Thurs. International Harvester said it will change Its organisational structure to five free standing, selfsufficient worldwide business groups from a divisional concept, effective Feb 1. The five groups are truck, pay line, agricultural equipment, components and solar. Each of the groups will have itsReuter - 129 words
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Article86 1977-01-14 5 TOKYO, Thurs. Honda Motor said its shares In the form of American Depositary Receipts (ADE3) are expected to be listed on the New York Stock Exchange on Feb 11. The company Issued 23 million shares In the form of ADRs and European Depositary Receipts (EDRs) last month, increasing the86 words
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Article63 1977-01-14 5 Reuter MILAN. Thurs.— Montedison said It is discussing collaboration possibilities with the United Arab Emirates and Kuwait In the petrochemicals sector. The company said it Is hoping to reach agreements on supply of technology, complete plants, management and marketing assistance. This could be done through Joint companies In whichReuter - 63 words
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Article29 1977-01-14 5 PARIS, Thurs. The US$3O million eight per cent 10 year Eurobond Issue by Aktiebolaget SKF was priced at 100 Vi per cent, lead manager Morgan Stanley International said.29 words
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Article648 1977-01-14 5 NYT NEW YORK, Thurs. Viacom International, a cable television and syndication company that CBS set up in 1970 and was forced by the government to spin off a year later, saw the price of its stock soar on Tuesday following a surprise takeover bid fromNYT - 648 words
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Article240 1977-01-14 5 AP NEW YORK, Thurs. A Federal appeals court yesterday refused to grant the US Government an Injunction blocking the merger of mining giant Anaconda Into Atlantic Richfield, Anaconda said. The ruling, handed down in the US Court of Appeals in Richmond, came after the Federal Trade Commission askedAP - 240 words
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Article89 1977-01-14 5 TAIPEI, Thurs. United World Chinese Commercial Bank (UWCCB) will set up branch offices in Hongkong and the US, the Central News Agency reported, quoting a spokesman for the bank. It said UWCBB plans to invest in two major trading companies In Belgium ana the US which89 words
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Page 5 Advertisements
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Advertisement396 1977-01-14 5 DO YOURBELF A FAVOUR! Check our Rental Catalogue and rant from Singapore'* L HONQ LEONQ HOLDINGS LTD TEL: *****7t/220M11 RENTAL CATALOGUE ACCOMMODATION: DIST. 1 Hong Loan* Building Views over Singapore, 3 bedrooms. 3 bathrooms. Large kitchen, huge lounge, car park Inclusive. Un fumiehed S2.MO DIST. 1 Hong Leong Building Views396 words
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Advertisement22 1977-01-14 5 Selling to high-income decision makers in SingaporeMal^ysia? Reader's Digest is your medium. V 3 It S^-Kiwar-m orethana"y En9 ang^B Ma,aVS ,a "V22 words
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Article2006 1977-01-14 6 i wn High Low C*apuy Last 8*1* +orGr'i 4hr Div C'yt Gr's Net P/E Vol COOO) Day High Urm SECTION ONE INDUSTRIALS 175* 206 100 237 186 402 204 248 460 137 133 172 60 185 66 254 149 172 394 39 Acma Alcom Allied Choc B&U2,006 words
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Article1356 1977-01-14 6 BID jukl offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,356 words
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Article1311 1977-01-14 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 Amm (1.508), XBI. A. TM« (0.408 0.«aB). AJinamat* < 1 9481,311 words
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Article121 1977-01-14 6 SINGAPORE UNIT TRU8T INCOME BOND UNIT IMium'prieNhrJuU) (CurrwtprKW) The Commerce 1.77 1.87 INCOME BOND 1.09 1.1# The Saving Fund 0.97 1.02 S pore Pro*. Fund 0.#1 0.86 S pore Security Fund 1.90 1.37 MAKA BUMIPUTRA FUND Spore Invert Fund 1.07 1.13 (Managers' price* for Ju 14) ASIA UNIT121 words
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Article108 1977-01-14 6 B O T 8 1/2% 1981 (100,000) (1038 103*>S) D B S 8 1/2% 1982 (100,000) (1008 100V»S) DBS Convert. 6 1/2% 1991 (100,000) (97V,8 98S) E I B 9% 1982 (100,000) (103*B 104 *S) E I B 8 1/4% 1983 (100,000) (100'4B 100*S) I B108 words
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Page 6 Advertisements
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Advertisement144 1977-01-14 6 found only in the best company... Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modern Business144 words
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Article440 1977-01-14 7 SHARE prices ended generally in plus territory in fairly active trading at the Stock Exchange of Singapore yesterday. Although interest remained concentrated in about a score of the market favourites, there were also higher bidders for the other less active issues including the second and third liners.440 words
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Article447 1977-01-14 7 SHARES recovered from initial weakness to finish with modest gains on the Kuala Lumpur stock market yesterday. Trading was moderate. The market opened on a hesitant note as the easier overnight overseas market, in particular Wall Street, continued to Influence sentiment. Sentiment, however, improved after447 words
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Article174 1977-01-14 7 FT LONDON, Thurs. Set to take advantage of expanding export opportunities, Elaon and Robbins Is In a good position to maintain and strengthen its activities, says Mr. E. R. Keeling, chairman, and it is likely that the directors will be reporting further increases in sales andFT - 174 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1176 1977-01-14 7 NEW YORK: Bad news on the inflation front gave Investors a case of the Jitters that sent stock prices tumbling on Wednesday for the second consecutive session. The latest setback came after the Government reported a 0.9 per cent rise in the US wholesale price Index In December.1,176 words
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Article307 1977-01-14 7 PARIS: Shares were narrowly Irregular In calm trading on Wednesday, dealers said. Advances included Duma* In buildings, Cl* Btieiirt In banks, and Thomson in electrclals. while losses Included Jacques Bore) In hotels and Rousaal In chemicals. Foreign stocks were mostly lower, led by Americans, Dutch, Germans, copper and International307 words
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Article235 1977-01-14 7 FRANKFURT: Shares weakened overall on Wednesday with Ihp— easing 5.50 marks on both domestic and foreign selling, market sources said. Motors lost up to 5.50 marks, although VW which on Tuesday announced recruitment plans for 1077, (ell only 0.80. Leading banks, chemicals and electrlcals (ell by up to 2.80.235 words
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Article401 1977-01-14 7 HONOKONQ: The market closed firmer on Thursday after opening lower In line with lower prices on overseas markets overnight, dealers said. The Hang Seng Index rose 4.22 points to close at 437.06. Prices recovered from early losses by the end of the morning and rose further In a more401 words
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Article402 1977-01-14 7 JOHANNESBURG: Gold shares were (lrmer on Wednesday In line with the higher bullion price but, towards the close, prices shaded slightly, dealers said Financial minings were (lrmer In places. Coppers were unchanged and In platinums, Bisplat gained three cents to 130. Tin shares featured in a (lrmer metal market,402 words
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Article422 1977-01-14 7 SYDNEY: The market closed mixed after a firm opening on Thursday, with selective buying support for leading stocks, dealers said. The Sydney all-ordinaries share price Index rose 0.84 points to 445.74. Oils were higher, with Woodside Burmah gaining three to 1.24, AAR three to lio3 and Ampol Ex, Ocean422 words
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Article168 1977-01-14 7 MANILA: Mining Issues closed lower on Thursday after a (lrm opening and oils were generally lower, while commercial stocks registered moderate gains, dealers said. Turnover was little change. Oalners Included Meralce, Lepeato B, and PLOT but Adas Cod A, BF Goodrich, Phi lex A and B. Phil Overseas, Vulcan.168 words
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Article256 1977-01-14 7 AMSTERDAM: The market fell on lower Wall Street prices on Wednesday. Only Hoogoveas appeared resistant In Dutch Internationals, dealers said. Bo la. Nation ale Nederiaaden, THV and Ahold were leaders to decline elsewhere. Most shipping gained some ground against the trend. State loans were quietly mixed. JAN 12 FU256 words
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Article521 1977-01-14 7 TOKYO: Prices continued to advance throughout Thursday on active cheap buying In speculative* and some blue chips In reaction to a sharp fall In recent days, dealers said. The Dow Jones average gained 29.29 to close at 4,958.01 with volume of 350 million shares. The New Index closed at521 words
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Article233 1977-01-14 7 ZURICH: The weaker tendency In Wall Street on Tuesday influenced the stock market In Zurich on Wednesday. The upward price movement came to a stand-still and due to profit realisations, stock prices declined over a broad front. The Credit Suisse Index closed at 223.4 down 2.4. JAN 12 Francs233 words
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Article334 1977-01-14 7 TORONTO: The share price slide slowed over the last hour on Wednesday but, led by blue chips, the Toronto market remained broadly lower at the close of light trading. The composite index fell 7.5 to 986.4, reflecting moderate to sharp drops In all industrial sectors except pipelines. Among the334 words
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Article163 1977-01-14 7 MILAN: The market closed generally lower In quieter trading on Wednesday, dealers said. In mixed Industrials Fiat gained 2.9 per cent and closed at 2,039. Aafc, Snia Viicoia all firmed. Pirelli SPA rose 15 lire to 1,275 while Pirelli E C fell 11 to 2.048 and both Olivetti's eased163 words
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Article149 1977-01-14 7 BRUSSELS: The market was sharply lower in active trading on Wednesday following the decline on Wall Street, dealers said. Arhed and Tahaeoflaa rose against_the trend, but falls inbre, Vieilie Montague. CecheriO, Solvay. CUCB, CBR, Sidro and Cometra. Foreign stocks eased but gold mines mostly rose following the fixing. Canadian149 words
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Article87 1977-01-14 7 JAN 13 Bahts Asia Fibre 118 ♦I Bangkok Bank 240 +2 Bangkok Invest. 1S5 12 Bangkok-Metro-politan Bank Bata 365 unch Berll Jucker 169 +4 Charoong Thai Wire 160 ♦3 Dumex Duslt Thanl Faber Merlin First Trust 13S unch Indo-Thai J And J Ho 184 ♦5 Jalaprathan Cement 87 +487 words
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Article69 1977-01-14 7 FINANCIAL TIMES INDUSTRIALS Wednesday 357 6 Tuesday 358.6 Week ago 362.7 DOW JONES AVERAGE INDUSTRIALS Wednesday 968 25 Tuesday 976.65 Week ago 978 06 LONDON DOLLAR PREMIUM Wednesday 115 to 116 H% Tuesday 118'4 to 118 VK> H.K. HANG SENG Wednesday 433.76 Tuesday 439 18 Week ago 447 0869 words
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113 1977-01-14 7 LONDON. Thurs. On sales up by 12.5 per cent to £171.97 million from $152.89 million, Scottish and Newcastle Breweries has raised pre-tax profit by 15.3 per cent to £20.49 million from £17.77 million for the 26 weeks ended Oct 31, 1976. Earnings per share were113 words
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Article31 1977-01-14 7 Reuter MONTREAL,Thurs Credit Foncier Franco-Canadian said it authorised a Cs3o five year bond issue on the European market with an expected coupon rate of BJ/«8 J per cent. ReuterReuter - 31 words
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Page 7 Advertisements
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Advertisement349 1977-01-14 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar malam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational jjlffl quite unlike the type that merely appeals349 words
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COMMODITY REPORTS AND PRICES
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Article620 1977-01-14 8 OPENING quotations In the Singapore rubber market yesterday were marked down by about 1.75 cents, following lower London advices and thereafter, prices fell further on lack of buying support and increased offerings of forwards, dealers said. Forwards were well traded and turnover was fair. Easier conditions ruled this620 words
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Article83 1977-01-14 8 DAILY S8R and SMR prices at noon yesterday: R.A.8. Feb (Current Mth) Buyer* Seller* (ceatsperkf) Mar (Forward Mth) Buyer* Seller* (cent* per kg) SSR 30 SSR SO (1—ton Pallet) (1-ton Pallet) 188.00 186.90 190.00N 187. SON 190.00 187.90 191.00N 188.SON M.R.E.L.B. SMR SCV SMR SL SMR S83 words
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Article218 1977-01-14 8 THE Straits tin price in Penang yesterday was up $17.00 to $1,337.00 on an official offering down 49 tonnes to 226 tonnes. LONDON, Thursday, tin advanced in the mid-day closing by around £77 per tonne for Cash and £47 for Three Months in both contracts. The movement was218 words
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Article30 1977-01-14 8 Rubber: Jan 13 Singapore: Feb. 2M.00 cU (down 3.75 cU.) Malaysia: Feb. 211.00 eU (down 3.25 cU) 11a: $1437.00 (up $17.00) Official offering: 226 tonnes (down 49 tonnee)30 words
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Article121 1977-01-14 8 THE following Palm Oil prices wer prices are elf Rotterdam and are que e quoted in London on Wednesday. The Med In US dollar per ton unleas otherwise stated W.h.iiw Pitr. Malaysia 5* f f a bulk Mch/Apl 440 sir 463 sir Sumatra 5* 457.90 sir Dec unch121 words
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Article49 1977-01-14 8 THE Malaysian Minister of Finance hat fixed the rate of duties payable for the period from January 13 as: Rubber 10V< cts a lb (Surcharge s'/i cts a lb) (Total 16 M cents) It was incorrectly stated yesterday as: Rubber 16V4 cts a lb (Total 15V« cents)49 words
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Article320 1977-01-14 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut OU: Bulk *85 sellers, old drum ISO sellers, new drum *95 sellers. Copra: Mixed (loose) UK/Cont 163 buyers. Pepper. Muntok AST A white f.o.b. 100* NLW $342* sellers, Sarawak white f o b. 90S NLW *325 sellers.320 words
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Article379 1977-01-14 8 IN the Singapore gold market yesterday, the kilobar opened 8510,480 and fluctuated in a range of $10,460 to $10,480 in the morning. However, the price eased to a low of $10,370 in the afternoon when news that the Japanese government was planning to sell gold to Bank of Japan379 words
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Article64 1977-01-14 8 LONDON, Thurs. Lead rose by £3.25 per tonne for Cash and £3.50 for Three Months. The market attracted fresh and some stoploss buying which took Three Months up to a new high for the movement of £328.50 per tonne. Profit-taking developed subsequently and the position finished trading at £32764 words
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Article53 1977-01-14 8 LONDON, Thurs. Zinc was £1.50 per tonne down for Cash and unchanged for Three Months. Some fresh speculative Interest was evident which ran the market up to £418 per tonne for Three Months prior to scattered profittaking and final business at £415.25 per tonne. Sales of 3,025 tonnes were53 words
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Article187 1977-01-14 8 LONDON, Thurs. Silver showed gains of 1.6 to 3.0 pence per troy ounce. The movement reflected the overnight tone at New York and higher gold on Thursday morning, dealers said. After trading up to 264.9 pence for Three Months, values receed partially following the relatively low bullion dealers' fix187 words
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Article291 1977-01-14 8 LONDON, Thurs. Cbpper wire bars closed with cash £1.00 per tonne lower and Three Months £0.50 higher. Prices gained further ground on general covering prompted by the steady New York close and a pick-up In the gold price on Thursday morning, dealers said. Three Months traded up from a291 words
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Article273 1977-01-14 8 LONDON, Thurs. Sugar futures opened £2.15 higher to unchanged from Wednesday's closing levels. Sales totalled 1,783 lots. Dealers said commission house buying and some covering coupled with trade house Interest on both sides' of the market caused Irregular price movements during an active opening call. Futures eased after the273 words
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Article111 1977-01-14 8 CHICAGO, Wed Wheat futures closed 1-1/4 to 1-3/4 cent a bushel higher on a light trading volume. Strength in soybean futures generated light speculative buying in wheat which encountered a lack of selling. Buyers also were encouraged by tne increases activity in the export market and steadiness In cash111 words
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Article344 1977-01-14 8 LONDON, Thurs. The terminal opened unchanged from Wednesday night, May trading at Tuesday's closing offered price of £2,720. But thereafter values declined to end the call easier £5 higher to £40 per tonne lower with 287 lots traded. Dealers said the market turned hesitant after the recent gains and344 words
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Article155 1977-01-14 8 CHICAGO, Wed. Soybean futures closed at or near the day's highs with gains of 93/4 to 14-1/4 cents a bushel. Price resumed their recent advance at the opening with commercial and profession al buying stimulating additional speculative support. Trading was light through much of the session but a flurry155 words
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Article204 1977-01-14 8 BANGKOK, Thurs. Indicative prices for rice quoted in Bangkok yesterday were: US doll&ra per tonne fob basis Bangkok. White Rice: 100 per cent let claw 288 100 per cent tad 273 10C per cent Ml 5 pet cent M 0 10 per cent 230 IS per cent 236 20204 words
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MONEY AND EXCHANGES
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Article508 1977-01-14 8 EASY money persisted In the Singapore domestic money market with overnight rates falling to as low as two per cent at one stage. Opening at 4% per cent to 4M per cent In the morning, dealers reported that the overnight rates fell to the day's low of two per508 words
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Article181 1977-01-14 8 Asian rates ASIAN currency deposit Interbank rates as at cloae on Jan 13. US Dollar (Spot) Offer BM 7 days 4 15/16 4 13/16 1 mth 4 1/11 4 15/16 2 mths 5 3/16 5 1/16 3 mths 5 1/4 5 1/8 9 mths 3 5/8 5 1/7 mths 5181 words
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Article48 1977-01-14 8 RANOE of prices offered by discount homes on Jan 13. Overnight 1% to 3% Call deposit 2V, to 3* Closing Buy S*1Ubc 3-Month Treasury btlls 31/16 2 lft/16 3-Month Banks bills 4 3/11 41/16 3-Months CD 41/3 43/6 6-Month CD 43/4 45/8 Source: National Discount Co.48 words
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Article58 1977-01-14 8 Minimum lending rates (in ACBC 6* Algemene Bank 6% Bangkok Bank ..7* Bank of America 6* Bank of China .7 Bank of Tokyo 9\ Bank Negara > Indonesia 7* Chartered Bank .6*> Chase Manhattan 6* DBS 8^ First Chicago 6* Citibank HSBC 7 Indosuez 0* Malayan Banking 6* Mitsui Bank58 words
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Article294 1977-01-14 8 LONDON. Thurs The dollar moved firmer against continental currencies in light early trading, while sterling held a little above the overnight level, dealers said. They said it Is too early to say whether the dollar's modest advance In the morning Is a genuine extension of its powerful climb earlier294 words
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Article160 1977-01-14 8 NEW YORK, Wed. The dollar closed slightly weaker than Tuesday after a sharp rise was reported In US December wholesale prices, raising the spectre of returning high Inflation, dealers said. However, the dollar was sharply above lows touched earlier, as the market began to interpret inflation figures as160 words
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Article104 1977-01-14 8 HONGKONG, Thurs. The US dollar was quoted at HK54.6830/70 In late trading, slightly firmer than the late morning level of $4.6820/60 and above Wednesday's $4.6790, dealers said. They reported steady demand for the US unit for much of the day, with some ascribing It to commercial buying and others,104 words
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Article120 1977-01-14 8 TOKYO, Thurs. The dollar (or overnight delivery closed In quiet trading at 292.45 yen, slightly higher than 292.40 yen at the opening and a little lower than Wednesday's close of 292.52 yen. Dollar demand and supply were more or less balanced, while hanks are generally awaiting further Indications before120 words
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Article145 1977-01-14 8 Euro rates > LONDON, Thurs. Period Eurodollar deposits opened higher reflecting the loss of the Friday dealings technicality, with shorts little changed, dealers said. Trading was modest. Three and 81x Months and One Year saw moderate activity stemming from fair rollover operations scheduled for these periods where a slightly bid145 words
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Article42 1977-01-14 8 ZURICH exchanges quoted on Jan 12. US 2.4753-4763 UK 4.2245-2280 Can 2.4595-4615 W Germ 104.02 12 Neth 99.40-49 France 49.74-78 Belg 6.77*-78 Denm 42.20-24 Norw 47.12-24 Swed 59.13-19 Italy 0.2824-2827 Austria 14.65-68 Port 7.72-77 Spain 3.61 Vi-62 Arg 0.85-1.00 Japan 0.84Vi-8542 words
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Article47 1977-01-14 8 AUSTRALIA/NZ exchanges quoted on Jan 13. Australia: Sterling 0.6316/0.6315 US dollar 1.0879/1.0831 Ninety-day air mall buying rates: Sterling 0.6692 US dollar 1.1140 Ninety-day forward buying rates: Sterling 0.6579 US dollar 1.0937 New Zealand: Sterling 0.5570/0.5539 US dollar 0.9554/0.9454 Ninety-day forward rate: Sterling 0.5960 US dollar 0.973747 words
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Article32 1977-01-14 8 FRANKFURT exchanges opening quotes on Jan 13 US 2.3780/95 Can 2.3650/70 UK 4.060/075 Neth 95.37/52 Switz 95.95/96.10 Italy 2.710/725 France 47.80/95 Norw 45.20/30 Belg com 6.495/510 Belg fin 6.495/505 Japan 0.84tt-8532 words
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Article279 1977-01-14 8 LONDON, Thurs. Eurobonds were steady to a shade firmer where changed in generally quiet to moderate trading, dealers said. US issues scored occasional gains of up to 1/4 point on small selective buying interest. Guilder bonds were quietly mixed while mark Issues were steady to occasionally harder. Among279 words
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Page 8 Advertisements
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Advertisement442 1977-01-14 8 u '//7/ Ho 0/ f'VA Sy \Top ICON THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies, withered tyrants,442 words
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TRANSPORT AND COMMUNICATIONS
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1985 1977-01-14 9 Arthur Sandles - SINGAPOREANS who get the yen and have the means to travel usually for Europe in the summer months of June to August. This year there will be the same crowds again. But those package tours with London as the starting pointFinancial Times - 1,985 words
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Article, Illustration382 1977-01-14 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Asian Trader 1 (H3HY) (0900 after San Felix) 25/26 Barge Bumi Raya II (0800 after Silver Lake) 27/28 (Hongkong Mall (after Leda Maersk) 1/2 Kota Ball (1700 after CathSrlna Oldendorrf) 46 Welsh Trident (0700 after Alan Batu) 13/14 Yelena Stasova (after r'arallon Glory)382 words
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Article177 1977-01-14 9 THE launching of Robin Shipyard's second "China" oil rig on Monday seems to have marked the end of a short phase of active Chinese Interest In obtaining oil-related equipment from the Republic. The completed rigs, costing about $67.5 million each, ordered some two years back,177 words
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Article204 1977-01-14 9 AP LONDON, Thurs. Time chartering activity helped to lnspfre a healthier tone on the London 1 shipping' freights market yesterday. In the Far East, bookings Included payment of U554,300 per day by C.A.V.N. to the 26,732 tonne dw Euro-unity for a January trip from Japan to Venezuela.AP - 204 words
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666 1977-01-14 9 NYT LAGOS, Thurs. For more than a year the military government has been embroiled In a war against the Lagos traffic jam, often said to be the worst In the world. Recently It seemed more like a war against the motorists. Since November theNYT - 666 words
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Article612 1977-01-14 9 ARRIVALS Service Loci a Operator Number Time From CPA CX003 0145 HKO MAS MH682 0810 KCH PAA PA841 0050 SFO/HNL/QUM JAL JL712 1000 HLP SLA SQ211 1010 HLP OIA OA 980 1030 HLP OLA OA 908 1100 MES PAL PR501 1115 MNL KLM KL833 1150 AMS/ATH/ KHI/CMB612 words
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Article91 1977-01-14 9 Reuter TOKYO, Thurs. The Japanese Trade and Industry Ministry said the government is preparing to apply for co-ordinating Committee for Export Control (Cocom) approval of sales to China of three large computers, which are under Cocom restriction. Hitachi and Fujitsu Jointly received an order from ChinaReuter - 91 words
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Page 9 Advertisements
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Advertisement631 1977-01-14 9 T^SINC isu SINGAPORE 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 "inside631 words
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Article, Illustration1740 1977-01-14 10 ELINOR GOODMAN - London has become one of the cheapest places in the world for visiting businessmen, anyway. But to get the very best international bargain, the trick would be to have bed and breakfast in Johannesburg, dinner in Moscow, wine in Cyprus, a taxi-ride in CairoFinancial Times - 1,740 words
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971 1977-01-14 10 PAUL CHEESERIGHT - With tin prices up and supplies down, Cornish mines are opening up again in places where the Phoenician and Roman miners once worked. By PAUL CHEESERIGHT Financial Times IT IS damp underfoot. Moisture trickles down the craggy walls of the tunnels. There Is aFinancial Times - 971 words
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Page 10 Advertisements
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Advertisement496 1977-01-14 10 THE DEBT TRAP Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own economies and the f role of496 words
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312 1977-01-14 11 Reuter BANGKOK, Thurs. Five cargoes of Thai raw sugar have been exported during the current month, of which three cargoes or about 30,000 tonnes were consigned to mainland China, trade sources said. They were commenting on overseas market reports that substantial quantitiesReuter - 312 words
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Article231 1977-01-14 11 AP BUENOS AIRES, Thurs. The government banned live cattle exports yesterday and reduced Import duties for agricultural products, including beef and coffee, In an effort to control inflation, which hit a record 347.5 per cent in 1976. Economic analysts said the measures will have little effectAP - 231 words
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Article177 1977-01-14 11 Reuter EXPORTS of sheet and crepe rubber from Singapore and Peninsular Malaysia rose to 171,917 tonnes in October from 161,555 In September and 148,246 In October 1975, Statistics Department figures show. Of October exports (September In brackets) the United Kingdom took 11,206 tonnes (11,986), theReuter - 177 words
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177 1977-01-14 11 AP LUSAKA, Thurs. The closure of the Benguela railroad, damaged last year during the Angolan civil war, has cost Zaire US$BO million (Ssl96 million) in copper sales, the country's Mines Commissioner said yesterday. The Commissioner, General Nulongya Naylkusa, told a news conference here thatAP - 177 words
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Article86 1977-01-14 11 Reuter SEOUL, Thurs. South Korean President Park Chung-hee said the country now has a 3.3 million tonne stock of rice and barley. Speaking at a press conference, he gave no breakdown on the stock and no figures for the crops. However, Agriculture and FisheriesReuter - 86 words
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326 1977-01-14 11 Reuter NEW YORK, Thurs. The American Stock Exchange Is considering the creation of a separate exchange for the trading In options of gold and sliver bullion and the bullion itself, Amex vicepresident Robert Eckenrode said. Mr. Eckenrode told a press gathering "chances areReuter - 326 words
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Article374 1977-01-14 11 AP LONDON", Thurs. The price of tin has outstripped International efforts to contain it, posing problems for the world's oldest commodities agreement. Although the metal's price has surged 40 per cent In the last year, many analysts believe It may rise even further. Normally,AP - 374 words
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276 1977-01-14 11 AP CANBERRA, Thurs. Australia is expected to push for guaranteed access for its primary products on the Japanese market at talks In Tokyo next week. A delegation of four Australian Cabinet Ministers will attend a meeting of the Japan-Australia ministerial committee on Monday and Tuesday.AP - 276 words
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Article479 1977-01-14 11 AMID reports of a sharp drop in the world's coffee supply, one farmer who escaped the 1975 frost that killed a large part of the crop in Brazil has more than 453,000 kg of coffee beans stored in a barn. He has no plans toAP - 479 words
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Article1090 1977-01-14 11 Financial Times RANGOON: Burma Is peeping out from Its socialist shell. Nudged by the World Bank and the seven nation Burma Aid Consultative Group which was initiated in Tokyo in December, the regime now seems prepared for an inflow of foreign capital to develop the mineralsFinancial Times - 1,090 words
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275 1977-01-14 11 Reuter KUALA LUMPUR, Thurs. The Malaysian Government is conducting negotiations with CSR Ltd of Australia acting on behalf of the Queensland state government on a possible renewal of the long-term contract for CSR to supply Malaysia with 1.65 million tonnes of sugar inReuter - 275 words
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106 1977-01-14 11 Reuter CANBERRA, Thurs. The Bureau of Agricultural Economics lowered its third estimate of 1976/77 Australian sugar output to 3.30 million tonnes of 94 net titre raws, from September's second estimate of 3.36 million, compared with 2.85 million tonnes in 1975/76. (As previously reported, a CSRReuter - 106 words
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190 1977-01-14 11 Reuter WASHINGTON, Thurs. The commodity futures industry has been actively considering a selfregulatory association and a formal proposal to the Commodity Futures Trading Commission (CFTC) may be presented in the near future, CFTC member Mr. Read Dunn said. Releasing a report on the activities ofReuter - 190 words
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136 1977-01-14 11 Reuter BANGKOK, Thurs. Mauritian Commerce and Industry Minister Basant Ral arrived here on a rice buying mission. A Commerce Ministry source said the quantity Involved was not known but In the past, Mauritius had bought about 20,000 to 50,000 tonnes of Thai rice everyReuter - 136 words
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280 1977-01-14 11 AP WASHINGTON, Thurs Improved prospects for the wheat harvest In Australia Is providing further evidence that the United States will have at least short-term competition In the world grain market. The US Agriculture Department said yesterday that Australia now is expected to harvestAP - 280 words
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460 1977-01-14 11 AP SEATTLE, Thurs. Mr. Mohammed Abdul Gafoor, who claims the backing of wealthy Mid-East nations, says he's willing to pay top prices for American wheat, corn and meat because he wants to guarantee sources of supply for a decade.AP - 460 words
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Article58 1977-01-14 11 Reuter NEW YORK, Thurs. Taiwan Is expected to Import 3.9 million tonnes of grain in 1977, up 17 per cent on 1976, the Chinese Information Service (CIS) said here. The CIS quoted Informed sources In Talpeh saying the Board of Foreign Trade will relax Import regulationsReuter - 58 words
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222 1977-01-14 11 UPI MOSCOW, Thurs. Soviet rice production has increased more than five-fold since the early 1960s to a harvest of more than two million tonnes In 1976. Mr. Izvestla said yesterday. The government newspaper said the Krasnodar region in the northern Caucases alone produced upUPI - 222 words
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Article151 1977-01-14 11 AP CLERMONT FERRAND, Thurs. France's President Valery Giscard d'Estalng today will inaugurate operation of a Soviet-built 65,000 tonne metal press, the most powerful hydraulic press in Europe and claimed to be the most powerful In the Western world. The press, designed to fabricate alloys andAP - 151 words
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Page 11 Advertisements
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Advertisement296 1977-01-14 11 APPOINTMENTS ACCOUNTANT Applications are invited from Malaysian citizens or permanent residents for a position, initially designated Chief Accountant, in a large, diversified company operating in both East and West Malaysia. The location is Kuala Lumpur. This is a new appointment and indeed the person chosen will play a leading part296 words
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Advertisement245 1977-01-14 11 FAIRCHILD SINGAPORE PTE. LTD. invites suitably qualified candidates for the following positions:INDUSTRIAL ENGINEER A Degree/Diploma in Electronic or Mechanical Engineering or equivalent professional qualifications. Minimum 1 to 2 years' working experience in a responsible management position in either Industrial Engineering or other related fields. PRODUCT SUPPORT TECHNICIAN. The successful candidate245 words
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393 1977-01-14 12 AP UPI BANGKOK, Thurs. Unemployment, crime and continuing armed resistance to the communist Government are among Vietnam's main continuing problems, officials admitted today. But the official Vietnam News Agency (VNA) said nevertheless the nation Intends to pull Itself up by Its bootstrapsAP; UPI - 393 words
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Article158 1977-01-14 12 KUALA LUMPUR, Thurs. Agricultural Minister Datuk All Hajl Ahmad said today that discussions were being held with Treasury officials on the granting of interest-free loans to the Agricultural Bank. He added that such loans would be considered as the Government's equity participation in the Bank.158 words
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154 1977-01-14 12 SIXTY ships, including container vessels, made 800 calls at the Port of Singapore Authority's (PSA) container terminal at East Lagoon last year, raising the the number of calls by 41 per cent over 1975. The New Year began on an equally promising note154 words
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Article752 1977-01-14 12 LONDON, Thurs. The stock market closed higher in light trading and at 3 p.m., the Financial Times Index was 0.2 up at 363.8 after a high of 366.2. The release of around £1 billion of special deposits by the Bank of England was the main bull factor In752 words
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Article172 1977-01-14 12 THE eighth NTUC Welcome supermarket (its first for the year) is expected to open for business in Queenstown before the end of this month. This will he followed by stores to be opened in Rochore (probably next month) and at Telok Blangah (possibly before the172 words
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Article83 1977-01-14 12 THE Island Supermarket In Katong Shopping Centre, closed since November last year, has plans to re-open as a department store. A spokesman for the supermarket's parent company said that plans to change Its operations have been approved by the Building Controls Division, and the company would83 words
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Article112 1977-01-14 12 AP KUALA LUMPUR, Thurs. The Malaysian Trade and Industry Ministry Is to launch a trade offensive In Australia early this year, government officials said today. Part of this will be participation In the Asian trade fair to be held In Melbourne from May 28 toAP - 112 words
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Article38 1977-01-14 12 UPI ISLAMABAD, Thurs. British Undersecretary of State for Home Affairs Shirley Summersklll arrived yesterday on a five-day visit. During her stay, she will hold talks with officials on the problem of Pakistani immigrants in Britain. UPI.UPI - 38 words
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Article469 1977-01-14 12 TAIWAN will open Its first bank In Singapore soon. It Is the First Commercial Bank (FCB), the country's largest, which will conduct business under a restricted branch licence offered by the Monetary Authority of Singapore. Its branch in the ground floor of UIC building, Shenton469 words
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Article, Illustration478 1977-01-14 12 SINGAPORE Oxygen Air Llqulde (Soxal) and Mobil Oil Singapore have entered Into a Joint venture to produce and market hydrogen here. Under the Mobil will produce and supply Soxal with pure hydrogen from the gas streams available In Mobil's Jurong refinery, and Soxal will market it478 words
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336 1977-01-14 12 AP TOKYO, Thurs. The Japanese Prime Minister Mr. Takeo Fukuda, and the US President-elect, Mr. Jimmy Carter, agreed today that a summit meeting of Western industrialised nations Is needed soon to help Improve the International economic situation. The two also agreed toAP - 336 words
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Article31 1977-01-14 12 THE Tay Koh Yat Bus Company has petitioned the High Court for an order to wind up the United Bus Company. The petition was filed by Donaldson and Burklnshaw.31 words
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Article375 1977-01-14 12 Reuter SYDNEY, Thurs. Australia's sugar selling agent, CSR, 14 still keen to enter into a long-term contract with China for the supply of Australian sugar, despite a three-year break since the Australian Government said It agreed in principle with China on an LTC, Government sourcesReuter - 375 words
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569 1977-01-14 12 BACK-UP Industries In Imported parts will not be shipbuilding are definitely a very much cheaper than lmgood Idea, said various ship- porting the whole product, a builders in response to an shipbuilder said, appeal, made last week, for 'foreign companies have ancillary industries to569 words
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163 1977-01-14 12 AP LONDON. Thurs. Barclays Bank yesterday pledged to keep tighter control over Its South African subsidiary after crttlclsmby the UK Government of lt< purchase of South African defence bonds. Barclays National Bank of Johannesburg bought bonds worth 10 million South African 'rands, (5927.49 million),AP - 163 words
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95 1977-01-14 12 1 A JAPANESE company Nissel Electric, suffered a loss of about 1300,000 when Its subsidiary, Nissel Singapore Electronics, was wound-up voluntarily on Dec 31 last year. According to the company's spokesman, the Singapore-based subsidiary shut down its operations in December 1974 when it faced heavy95 words
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Article89 1977-01-14 12 Reuter MANILA, Thurs. The Philippines Economic Planning Secretary, Mr. Oeramdo Slcat, said the Government's foreign borrowings for 1977 mav increase to US$7B2 million (551.92 billion) from $585 million last year. He told a press briefing that the borrowings would supplement domestic funds for development projects, addingReuter - 89 words
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Article75 1977-01-14 12 THE Attorney General of Singapore was yesterday named as the defendant In a suit filed In the High Court by a former policeman, Encik Aziz bin Abdul Rahman. The writ, which was filed by Mr. J.B. Jeyaretnam and Co, stated In part that Enclk Aziz's action Is75 words
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Article51 1977-01-14 12 UPI TOKYO. Thurs. Sony Corp. announced yesterday production of Its "Trinitron" colour television sets reached the 10mHlion mark since the company first put the new series on sale eight years ago. Of the total, about 1.1 million units were manufactured In Sony's overseas factories, Sony officials said.UPI - 51 words
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Article42 1977-01-14 12 A SUIT of $152,109.50 has been filed In the High Court against Hong Leong Holdings. The plaintiff, Mr. Toh Shung Fie (practising under the name or C.T. Akitek) is suing for the amount allegedly due for professional services rendered.42 words
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133 1977-01-14 12 THE Labour Ministry's intervention in industrial disputes involving four local companies has apparently averted a collision, and the parties appear closer to agreement. The Singapore Industrial Labour Organisation, which represents labour in all the four companies, has held back from any action while133 words
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Article42 1977-01-14 12 AP WASHINGTON, Thurs. Legislation to authorise US$22O million (***** million) over the next three years for research in earthquake prediction has been prov»osed in the US Senate. The measure was Introduced by Senator Alan Cranston, a Democrat from California. APAP - 42 words
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Article32 1977-01-14 12 UPI CAIRO. Thurs. The Lebanese Government has asked the Arab League to extend the term of the League's peace-keeping force in Lebanon for another six months, officials said yesterday. UPI.UPI - 32 words
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Article405 1977-01-14 12 KUALA LUMPUR, Thurs. Two senior Dunlop executives have returned from a 21-day export promotion tour of five countries with orders worth about Ms 2 mlli lion for shipment during the i first three months of 1977. The two, marketing director Michael Moffett, and export405 words
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Article96 1977-01-14 12 IPOH, Thurs. Import duties on certain new dlesel stationary commercial engines and centrifugal water pumps will be reduced soon to assist the tin mining Industry in the country to lower their high production costs. The Deputy Minister of Finance Richard Ho gave this assurance today after an96 words
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