The Business Times, 26 January 1977
1977-01-26
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The Business Times
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Title Section10 1977-01-26 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, JANUARY 26, 1977 SO CENTS10 words
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NEWS IN BRIEF
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Article101 1977-01-26 1 AP PARIS, Tues. France inaugurated today its first operational solar generating plant, and claimed a head start in what officials here predict will be a race with the United States to sell sun power to the Arabs and the Third World. The electricity produced is barely enoughAP - 101 words
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Article63 1977-01-26 1 AP STOCKHOLM, Tues. A parliamentary motion introduced today recommends that all Swedish school children get basic education in the use of computer terminals. If people see computers as mystical and threatening machines, that will reduce their possibilities to influence them. But if people are given knowledge about andAP - 63 words
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Article81 1977-01-26 1 Reuter JAKARTA, Tues. An experiment In artificial ram making will be conducted on fallow lands In the west Sumatra province In the near future, the independent KNI news agency reported today. Should this prove to be successful, further efforts to produce artificial ram for infertile landsReuter - 81 words
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Article61 1977-01-26 1 Reuter MANILA, Tues. The Philippines Is to negotiate new air service agreements with Jordan. Kuwait and Saudi Arabia as part of its expanding relations with the Arab world, the Foreign Affairs department said today. Under-secretary for Foreign Affairs Jose Ingles leaves here tomorrow for Jordan andReuter - 61 words
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Article50 1977-01-26 1 Reuter KUALA LUMPUR, Tues. The Straits tin price In Penang rose a further Ms 23 per plcul to $1,483, $158 above the International Tin Agreement celling, dealers said. Severe rationing was again reported, with smelters allotting sales on a bsls of between 15 to <20 pet. Reuter.Reuter - 50 words
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Article50 1977-01-26 1 Reuter KUALA LUMPUR, Tues. President Fakharuddln All Ahmed of India will make a state visit to Malaysia from Feb 6 to 9, It was announced here today. The Foreign Ministry said the Indian President will be accompanied by his wife Begum Ablda Ahmed and government officials. Reuter.Reuter - 50 words
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Article35 1977-01-26 1 UPI COLOMBO, Tues. Sri Lanka's Prime Minister. Mrs. Bandaranalke .today Indicated she might follow the example of India's Prime Minister Indira Gandhi In using emergency powers when necessary to protect" the people. UPI.UPI - 35 words
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Article43 1977-01-26 1 UPI NEW YORK, Tues. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 965.09, up 1.49:20 transo 232.18, up 0.54; 15 utlls 111.36, up 0.58; 65 stocks 317.85, up 0.81. UPI.UPI - 43 words
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Chief Price Changes
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Article, Illustration184 1977-01-26 1 TRADING at the Stock Exchange of Singapore yesterday remained dull and easier, with losses outnumbering gains four to one. Volume, however, was on the decline, reflecting the withdrawal of speculative interest. The Business Times index fell 1.97 points to 260.99, while the Straits Times Industrial average shed184 words
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Article114 1977-01-26 1 Foils Most active D. Ker&m&t $5.75 -.75 Haw Par 136,000 Rahman Hyd $3.12 -.18 Central Sugars 96,000 Sel Dredging $4.72 -.14 General Lumber 71,000 U.M. Flour tl 65 -.13 Golden Hoop nn nm Mega $0.50 L Perak $1.70 S. Besl $2.00 Ldn. Asiatic $2.48 A. Amal $3.64114 words
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769 1977-01-26 1 COLIN CHEE - FOURTH FOREIGN BORROWING By COLIN CHEE THE Singapore Government will float a Swiss Franc 40 million bond issue In the Swiss capital market sometime in mid-February. This was disclosed to the press yesterday at a conference given by Dr. H.R. Wuffll, a member769 words
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163 1977-01-26 1 VSJAM I «mu»— Pi >pitln> Majar k*yvi (Ja»-Oct 1578) oftoUl Petroleum product! Fuel for ship*, plants Semiconductor*, integrated circuit*, capacitor*, reaistur*. Boats and ships RuDber Clothing Radios Plywood Clock*, watches Television HU Pharmaceutical* Sawnwood Calculatltif machines Cameras, projector* Yarn MS TBI 414 m w 240163 words
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377 1977-01-26 1 THE biggest tragedy for Malaysia and Singapore will come If the non-communist governments of the two countries are overthrown and communist governments emerge, because then there would be real racial conflicts. The logic Is quite simple, Foreign Minister Mr. S. Rajaratnam said last377 words
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711 1977-01-26 1 I DESPITE strenuous efforts, Singapore's main domestic exports still go to a handful of developed countries, while most of Its trade with the region Is In the form of re-exports. This is the picture which emerges from an examination of figures from the Department711 words
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Article121 1977-01-26 1 Renter BANGKOK, Tims. Thailand's privately-owned airline, Air Siam, today announced the resignation of director, Vivith Vichitvathakarn. Mr. Vivith, who heM the post for jast over two months, anno—end late last year that Air Siam had incurrod a debt of 360 million haht <B*4*. 1 million). The airlineRenter - 121 words
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Article128 1977-01-26 1 S ranks among top fivein world THE Singapore dollar la among the five atrongeat currenciea in the world today, according to atatiatica provided by Deak and Co, a Hongkong money broker. Based on the rata of appreciation against the United States dollar over a period of 10 years atarting from128 words
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Article145 1977-01-26 1 ALL, except the regulars In national service, will not receive the 1973-75 National Wage. Council pay increases, starting from those servicemen who enlisted last month. This is a policy announced by the government late last night In a Ministry of Defence statement, which also said145 words
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Article47 1977-01-26 1 KUALA LUMPUR, Tues. Former Air Vice Marshal of the Royal Malaysian Air Force, Da to Sulalman bin Sujak. has been appointed to the MAS board. He Is also appointed as non-executive deputy chairman of the board. His appointment is to be effective from Jan 1.47 words
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545 1977-01-26 1 AS the countdown continues for the launching of Singapore's pilot scheme in option trading on Feb 1, enthusiasm is mounting among institutional investors wishing to participate in the new market. "I would say that life assurance companies are ideally placed for writing options," Mr.545 words
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Article123 1977-01-26 1 UPI VIENNA, Toe*. Oil minister* of the Organisation of Petroleum Exporting Countries will hold their next regular meeting in Stockholm on July 12, an Opec spokesmen announced today. Arrangements for the meeting have been made with the Swedish Government, he said. The spokesman said it was stillUPI - 123 words
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Page 1 Advertisements
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Advertisement46 1977-01-26 1 With a Reputation for Unrivalled Security and Fair Dealing over 131 years, Our Clients can be Assured... bid Royal Insurance looks after you Fast 18th Fir., Ocean Building, Collyer Quay, Singapore I.Tel: ***** *****1. Overseas news/TV/Radio Local Co newt International Co Local stocks Overseas stocks Commodities46 words
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Advertisement48 1977-01-26 1 VO-181Q A SONY" •Dual system: Displays both PAL and modified NTSC colour recording when combined with both CVM-181OE VO-1810. Receives and records TV programmes off the air. •Fully Automatic, solid state circuitry. For further information please contact: Setran Electronics Pte Ltd 10. Dundee Road. Singapore 3 Tel *****448 words
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Advertisement158 1977-01-26 1 Gas has got a o ew flame SEHE3 Now your old printing calculator is worth S>MK) when you trade it in Fbr a limited period only Here's an opportunity to let your old printing calculator or electric or manual adding machine make you some money. If you buy an Olivetti158 words
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OVERSEAS
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Article, Illustration704 1977-01-26 2 Reuter LONDON, Tues. Some central banks are Investing heavily in the Eurobond market, partially as a means of domestic monetary management, London bankers reported. They said the central banks of some Western industrialised countries, as well as those of oil-export-ing countries with heavyReuter - 704 words
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Article178 1977-01-26 2 Renter NEW YORK. Tues. New York Federal Reserve Bank president Paul A. Volcker there is an urgent need for new proposals to deal with the nation's banking system. Mr. Volcker, in remarks to the mid-winter meeting of the New York State Bankers' Association, said theRenter - 178 words
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158 1977-01-26 2 AP TULSA, (Oklahoma) Tues. A decline In the amount of new oil and gas pipelines to be laid in non-communist nations for this year was predicted yesterday by the American Oil and Gas Journal. The Tulsa-based magazine said present plans call for 28,265 kmAP - 158 words
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Article48 1977-01-26 2 UPI TAIPEH. Tues. Taiwan's Gross National Product totalled US$l7.2 billion (5542.3 billion) in 1976, up 11.8 per cent over the previous year, the Government announced today. A spokesman said the nation's per capita Income last year was $809, an 8.9 per cent hike over 1975. UPI.UPI - 48 words
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318 1977-01-26 2 Reuter FRANKFURT, Tues. The Bundesbank may act this year as a channel for gold purchases by net debtorcountries with the International Monetary Fund until the Fund amends Its gold replenishment procedures, well-placed banking sources said. Under such a scheme the debtor would grantReuter - 318 words
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Article352 1977-01-26 2 Reuter LONDON, Tues. American demand for fuel oil has risen sharply because of the extremely cold weather there, and higher rates are now generally being paid for tankers loading in the Caribbean and the Mediterranean for the US, tanker sources said. Vessels of about 40,000Reuter - 352 words
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Article156 1977-01-26 2 Reuter MOSCOW, Tues. The Soviet Central Statistical Agency put the 1976 sugar beet harvest at 98.6 million tonnes, substantially above the 85.0 million announced earlier this month by Agricultural Minister Valentin Mesyats. Although no explanation was given for the discrepancy, Western experts believe the higherReuter - 156 words
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Article113 1977-01-26 2 Reuter AP WASHINGTON, Tues. The US Federal Energy Administration (FEA) took emergency action yesterdays to Increase supplies of natural gas and fuel oil in a move to counteract layoffs of thousands of workers In America because of the energy shortage. Acting FEA administrator GormanReuter; AP - 113 words
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Article134 1977-01-26 2 UPI NEW YORK, Tues. US exports are expected to rise 12 per cent this year to US$l2B billion (*****.88 billion) but imports will rise by 13 per cent to $139 billion, the National Foreign Trade Council said yesterday. That will leave the nation with aUPI - 134 words
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535 1977-01-26 2 NYT ATHENS: Negotiations have begun to make Greece the 10th member of the European Economic Community, but a series of economic arid political problems could prolong the talks for several more years. Some members of the Common Market are afraid Greece would takeNYT - 535 words
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Article184 1977-01-26 2 UPI MEXICO CITY, Tues. Mexico will step up Its exploration for oil in the north during the next six years, the Government said yesterday. The intensified search for oil will extend over more than 53,000 sq km, Mr. Jorge Diaz Serrano, director general ofUPI - 184 words
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275 1977-01-26 2 Reuter GENEVA, Tues. Countries pressing for a US$6 billion (5514.8 billion) common fund to help Third World states with their exports were told yesterday they still faced a long road full of difficulties. Delegates at a United Nations Conference on Trade and DevelopmentReuter - 275 words
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Article205 1977-01-26 2 UPI CAIRO, Tues. Egypt and the International Monetary Fund have reached a tentative agreement calling for reform of the Egyptian economy and the extension fo IMF loans to partly cover a chronic deficit in the balance of payments, the newspaper A 1 Ahram said in today'sUPI - 205 words
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Article110 1977-01-26 2 Reuter LONDON, Tues. Ring dealing members of the London Metal Exchange (LME) have moved towards self-regulation with regard to financial security, trade sources said. At a recent meeting members agreed the LME board and committee should take immediate steps towards Implementing board and committee proposals forReuter - 110 words
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342 1977-01-26 2 UPI LONDON, Tues. Buy your coffee now, while its cheap. That was the unofficial message today from delegates to a 16-nation coffee conference which has brushed aside its routine business to see if something can't be done about coffee's sky-high price. Two ofUPI - 342 words
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Article70 1977-01-26 2 Reuter MOSCOW, Tues. The Soviet Union's senior statistician Dr.. L.V. Volodarsky yesterday blamed poor crops, shortcomings in the construction industry and transport deficiencies for a slowdown In the country's economy last year. The shortfall was largely caused by poor potato and flax crops, a lagReuter - 70 words
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Page 2 Advertisements
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Advertisement496 1977-01-26 2 DEBT HOW TO SURVIVE THE SLUMP A jj** t f co**o«**c Crt9t& 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 control496 words
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Page 2 Miscellaneous
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Miscellaneous333 1977-01-26 2 WEATHER report for 24 hours prior to 7.30 p.m. on Jan 25 at Singapore airport. Maximuhi temperature 31.5° C Associated humidity 60 Minimum temperature 22.7° C Associated humidity Hours of sunshine 9.85 Rainfall in millimeters nil Total rainfall for the month 58.4 Total rainy days for the month 7 SINGAPORE333 words
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Page 3 Advertisements
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Advertisement219 1977-01-26 3 A 0 The Dashsoo. The 6100 mileTriStar. LOCKHEED L.-KW Soon passengers flying long routes will be able to stretch out and enjoy the L-1011 TriStar's comfort in even quieter surroundings. The longrange TriStar—the Dash 500—is in production. And it will be even quieter inside than the TriStars now serving 10219 words
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COMPANY NEWS
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314 1977-01-26 4 HIGHER tin output at Berjuntai Tin Dredging coupled with a rise of 24 per cent In the average tin price during the first six months ended Oct 31, 1976 have raised the company's pre-tax profit by 69 per cent to M 517.53 million. The company314 words
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303 1977-01-26 4 HK Land projects its earnings in 1983 Reuter HONGKONG Land assistant general manager, Mr. Trevor Knight, said Phases Two and Three of its redevelopment scheme In central Hongkong could contribute about HK$6 million a month to the company's revenue when both are completed provisionally by 1983. Phase Two, which includesReuter - 303 words
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COMPANY MEETINGS
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Article27 1977-01-26 4 THE following company meetings are due: Jan 29, 12 noon. at the Board Room, 3rd Floor, Bangunan UMBC, Jalan Sulaiman. Kuala Lumpur.27 words
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16 1977-01-26 4 Jan 59, 11 a.m., 31 Jalan Riong, Kuala Lumpur.16 words
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Article18 1977-01-26 4 Jan 30, 11 a.m., Regis- tered Office, No. 6-2 Jalan Fatimah. Batu Pahat, Johore.18 words
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Article17 1977-01-26 4 Jan 31, 11 a.m., at the Hotel Merlin, Jalan Sultan Ismail. Kuala Lumpur.17 words
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Article22 1977-01-26 4 Jan 31, 12 noon, Registered Office. 2nd Floor. The Regent of Kuala Lumpur, 54A Jalan Imbi, Kuala Lumpur.22 words
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15 1977-01-26 4 Feb 12, 11 a.m.. No. 6 Tambun Road, Ipoh.15 words
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Article80 1977-01-26 4 BOUSTEAD Holdings, In reply to a Kuala Lumpur Stock Exchange query on its proposed scrip issue of one-for-one, said the new shares will rank pari passu with the existing ones. On the question of the profit performance in 1976, the company referred the KLSE to Its June interim80 words
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451 1977-01-26 4 THE Malaysian assets of the Danish trading giant. East Asiatic Co (EAC), are to be transferred to a Malaysian Incorporated company. East Asiatic Plantations. The restructuring programme which will ultimately Involve Malaysian participation under the new economic policy. Is at an early stage and451 words
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Article323 1977-01-26 4 DUE to an oversight, Ben failed to disclose the change in the status of two member companies Singapore Poultry Processing and Lime and Lime Products in its group during the year ended Feb 29, 1976. The company had stated in its 1976 annual report that323 words
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Article27 1977-01-26 4 THE Securities Industry Council has approved the subscription of 2.5 million $1 shares in Juta Properties by Chemical Industries (Far East), according to the company.27 words
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Article226 1977-01-26 4 Current Ex Date i 1 payment Date HJraMi the year previou* year M.GIaa* 6*TE Dec 29 Jan 28 0*TE NIL Inch Kenneth 10*+ Jan 5 Jan 28 10*+ 18.6* N.S. Time* 29% Jan 7 Jan 31 40* 25* George Town 5*+ Jan 17 Jan 31 5*+ 15* Central226 words
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444 1977-01-26 4 Reuter NEW YORK, Tues. New York City officials and representatives of the City's clearing house banks said they reached agreement on the need to develop a new type of City bond as part of the package to repay almost $1 billion In CityReuter - 444 words
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293 1977-01-26 4 LONDON. Tues. The £10.2 million increase In E re-tax profit to £39.3 mllon at Arthur Guinness Son and Co. for the year to Bept 25, 1976 was, In part, due to a number of favourable factors which were unexpected and may not be293 words
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203 1977-01-26 4 Reuter NEW YORK, Tues. The steadily growing role of Institutional trading In the stock market during the East 20 years appears to ave stabilized, a study by the New York Stock Exchange said. At the same time, evidence is emerging that the so-called smallReuter - 203 words
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235 1977-01-26 4 Reuter FRANKFURT, Tues. Germany's major banks set a provisional total of around 850 million marks on foreign loan issues to be raised in February following the 900 million expected for this month, primary market sources said. The final amount Issued next month depends onReuter - 235 words
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121 1977-01-26 4 NEW YORK, Tues. As forecast by the chairman and president, Claud Ramsey, Akzona Incurred a net loss of US$2.B million in the fourth 1976 quarter compared with a profit of $7.7 million last time. This reduced the net earnings for the year to $5.6121 words
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Article27 1977-01-26 4 HONOKONO, Tues. Tai Shing Development has announced an interim 1976 dividend of three HK cents (same) on the capital Increased by a one-for-flve scrip issue.27 words
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Article44 1977-01-26 4 i-ONDON, Tues. Peninsular and Oriental Steam Navigation (P and O) said Its P and O Asia subsidiary has acquired 90 per cent of Pennel and Co of Hongkong which trades mainly in wines, spirits and foodstuffs. No further details were given.44 words
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Article123 1977-01-26 4 MELBOURNE, Tues. The Trustees Executors and Agency said It Invited tenders for 500,000 shares not taken up in the recent Broken Hill Pty rights issue. In a statement to the Melbourne Stock Exchange, It said It was Inviting tenders In parcels of 20.000 and 50,000. up123 words
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Article57 1977-01-26 4 Reuter AMSTERDAM, Tues. The European Investment Bank plans a private placement of up to 75 million guilders worth of eight per cent seven-year Euroguilder notes priced at par, Amsterdam Rotterdam Bank said. The notes will be redeemed on February 15, 1984 with early redemption not allowed andReuter - 57 words
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Article56 1977-01-26 4 Reuter FRANKFURT. Tues. The World Bank is .naking a 500 million swlss franc private placement. 300 million of which is for refinancing a maturing five year placement, World Bank treasurer Mr. Eugene Rotberg told a conference here. He said he Is signing the loan agreement tomorrow in Switzerland,Reuter - 56 words
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Article66 1977-01-26 4 Reuter BRUSSELS. Tues. Krediet bank said as lead manager it signed a US$4O million seven year credit for the Irish state-owned electricity supply board. The bank did not give the interest rate but banking sources said the loan carries interest at l-% per cent over London interbank offeredReuter - 66 words
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Article73 1977-01-26 4 Reuter BRUSSELS. Tues. Kredietbank said It and Banque Europeanne de credit led a 17-bank consortium raising a US$35 five year Eurodollar loan for Ste Flnanclere Pour less Telecommunications et L'Electronlque. Banking sources said the loan carries Interest at 1-S per cent over London Eurodollar Interbank offered rates forReuter - 73 words
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Article30 1977-01-26 4 Reuter LONDON, Tues. The Banque Canadienne Nationale Cs3o mill 8-Mi per cent bearer deposit notes due 1982 were priced at 99-*« per cent, lead manager Wood Oundy said. Reuter.Reuter - 30 words
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Article1000 1977-01-26 4 On January 24 PRICES on the Chicago Board Options Exchange declined as losers topped gainers on Monday, 327 to 157. CBOE volume approximated 85,915 contracts, down from 114,927 contracts on Friday. OPTION API JLT OCT tfVOCIC hlam Am T«< Am TM Am' T»l A* T»t Aral. Amn1,000 words
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Page 4 Advertisements
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Advertisement100 1977-01-26 4 A wealth of answers to scientific phenomena LIFE SCIENCE IJIIUAItV 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 human100 words
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INTERNATIONAL COMPANY NEWS
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Article255 1977-01-26 5 NEW YORK, Tues. Stager has reported a turnround in 1976 on net earnings of U5574.20 million or $3.98 per share compared with a loss of $451.85 million or $27.68 per share in 1975. The profit was achieved on the back of an Impressive Increase in sales255 words
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Article97 1977-01-26 5 NEW YORK, Tues. Trans World Airlines suffered a net loss of US$2.l million in the fourth quarter of last year, compared with a deficit of $29.6 million last time. However, it emerged from last year with a net profit of $36.8 million compared with a loss of97 words
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Article86 1977-01-26 5 NEW YORK. Tues. American Express has enJoyed a 43 per cent Jump In fourth quarter net profit to U5555.5 million ($38.8 million), raising full year earnings by 17.9 per cent to $194.5 million from $165 million. Earnings per share came to $2.70 ($2.29) In the year,86 words
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Article39 1977-01-26 5 LONDON, Tues. Pre-tax income at Volvo rose to 580 million Swedish crowns from 501 million crowns last year. Sales rose to 15.7 billion crowns from 13.69 billion crowns. Adjusted Income per share came to 15.40 crowns (15 crowns).39 words
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Article427 1977-01-26 5 Reuter NEW YORK, Tues. Hit by losses from Its man-made fibre operations, E.I. Dupont de Nemours suffered a 34 per cent setback In net froflt to US$93 million from 141 million in th< fourth auarter of last vear. However, because of the good headway it madeReuter - 427 words
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Article186 1977-01-26 5 NEW YORK, Tues. After enjoying a 28 per cent jump In 1976 net profit to U*****.5 million ($265.4 million), Minnesota Mining and Manufacturing Is looking to further good growth In the current year. "We are watching costs carefully, and new products are continuing to186 words
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Article94 1977-01-26 5 Reuter LONDON, Tues. A large part of Allied Breweries s recently-announced £164 million spending programme will go to increasing brewer capacity, particularly for lager, the company said in a report to employees. Good weather In the UK last summer accelerated the trend towards lager arinxing and lagerReuter - 94 words
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Article149 1977-01-26 5 NEW YORK, Tues. Reporting a 19.6 per cent rise in 1976 net profit to U*****.4 million ($306.3 mlLllon), Monsanto has forecast satisfactory results for the current year. Although 1976 year results set new records, the company said figures were below estimates. Its fourth Juarter was adversely afected149 words
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Article213 1977-01-26 5 NEW YORK. Tues. As anticipated, Atlantic Richfield has achieved record revenue and earnings In 1976 with net earnings soaring to U*****.18 million or $5.04 per share from $350.39 million or $3.08 per share In 1975. Revenue peaked to $8.92 billion against $7.75 billion in 1975. The213 words
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Article205 1977-01-26 5 Reuter NEW YORK. Tues. Though hit by strikes at Its Quebec smelters, Alcan Aluminium was still able to raise 1976 net profit to US$44 million from $35 million, with a fourth quarter Jump to $23 million from $8.2 million. Earnings per share increased to 57Reuter - 205 words
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206 1977-01-26 5 Reuter MELBOURNE. Tues. Mary Kathleen Uranium has suffered a net loss of A 512.42 million In the year ended Dec 31, 1976, compared with a deficit of $89,767 previously. The company said Its financial position Is critical and It cannot continue In operation withoutReuter - 206 words
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665 1977-01-26 5 NYT NEW YORK, Tues. Shareholders of five mutual funds managed by Franklin Research may have ushered in the investment wave of the future last week when they approved charter changes enabling the investment companies to write call options against their portfolio securities. The investmentNYT - 665 words
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Article1252 1977-01-26 5 SEC reluctant to decide NYT NEW YORK, Tues. The Securities and Exchange Commission, which has authority over investment paper, is having the devil's own time with the pages of the calendar. As the months succeed one another, a single SEC case dealing with American ElectricNYT - 1,252 words
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1063 1977-01-26 5 ROBERT GRAHAM - By ROBERT GRAHAM OBSCURED by the headlines of Libya buying Into Mat was an equally surprising piece of news about another foreign Investment in Italy. A littleknown Iranian company, Rltaco, bought into the domestic appliance Indus* trv bw purchasing Phllco Italians from its German1,063 words
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Article254 1977-01-26 5 LONDON, Tues. A considerably higher operating profit, up irom £2.70 million to £3.47 million, achieved by Courts Furnishers has not passed through Into taxable profit due to a large Increase In transfer to deferred profit for the six months ended Sep 30. 1976. Profit before tax254 words
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Page 5 Advertisements
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Advertisement126 1977-01-26 5 The hot drink prouder f 4 £1 I t V TuAJbatikl How Drinkmaster provides staff or visitors with hot, freshly-made drinks without delay or trouble and at very low cost r You buy your Drinkmaster outright at very low cost. Plug into electricity supply. No plumbing required. Just fill with126 words
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Article2030 1977-01-26 6 IVIVTI High Low Company Last Sab +«rGr'i div Dhr c'tt Gr*»» V Not P/E Vol ('•00) Day High Low SECTION ONE INDUSTRIALS 175* 200 100 237 180 402 204 248 400 137 133 172 00 185 00 254 149 172 388 39 Ac ma Alcom Allied Choc2,030 words
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Article1134 1977-01-26 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "BHt." Big Board1,134 words
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Article1285 1977-01-26 6 BID and otter prices officially listed and buslnesa 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. A una {1 438 1.505). A. Tim (0 3SB 0 428).1,285 words
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Article107 1977-01-26 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Mtutm' prices for Jan 26) (Current price*) INCOME BOND 1 00 1 IS TheCommerce 1.76 1.86 The Saving Fund 0.86 1.01 Protend 0.81 0.86 MARA BUMIPUTRA FUND SSSSSSSSE?".: !:S <*—««•• p«™. <<* J.. »> ESKS&i fSS anafer* price* for Jan 26) Third107 words
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Article147 1977-01-26 6 BOTH 1/2% I9NI (100.000) (103'aB 103SS) D B S 8 1/2*35 ISB2 (100.000) <99 7 »B 100' aS) DBS Converts 6 1/2*7. IWtl (100.000) (968 98S) El BW 1982 (100.000) (1038 1048) E I B 8 l/« ISK.I (100.000) (1008 100'>S) I B J X 1/27, 19*1 (100.000)147 words
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Article110 1977-01-26 6 5 1/2% 1/12/77 (1.000.000) (101 458 101 60S) 5 1/2% 15/4/78 (1,000,000) (101.638 101 70S)(1)101.68 5 1/4% 15/7/78 (1.000.000) (101.408 101.558 K 1)101.50 5 1/4% 15/7/78 (2,500.000)(1)101.50 6 1/2% 15/8/78 (1,000,000) (103 268 103.465) 7% 1/7/79 (1.000.000) (104.808 104.905) 5 1/4% 15/10/79 (1,000,000) (101.00B) fi 3/4% 1/12/8(1110 words
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Page 6 Advertisements
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Advertisement407 1977-01-26 6 THE GREAT BOOKS of the teautlful, durable bindings la the t jord of the fundamental Ideas of m H|k wMwMm. science, history, psychology, «V-Hw I VWillil#' Here In beautiful, durable bindings Is the whole record of the fundamental Ideas of mankind science, history, psychology, mathematics, theology, literature and poetry. This407 words
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Article455 1977-01-26 7 TRADING condition! continued to rule dull and ■lightly easier at the Stock Exchange of Singapore yesterday. Volume was on the decline, reflecting the general withdrawal of speculative interest. One of the biggest deterrents was the lack of any significant margin. Right from the first bell sellers predominated,455 words
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Article438 1977-01-26 7 PRICES fell marginally as sellers continued to dominate trading on the Kuala Lumpur stock market yesterday. The bulk of the activity yesterday was attributable to liquidation by weakholders and profit-taking. Sentiment was to a certain extent affected by the negotiations between the Malaysian Government and438 words
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Article82 1977-01-26 7 UNITED Continental Properties, a wholly-owned subsidiary of Malayan United Industries, has purchased a six-storey ouiiding In Kuala Lumpur from Koperatlf Serbaguna Malaysia for a $1.25 million. Informing the Kuala Lumpur Stock Exchange on the acquisition, the company says that the pro- j posed purchase Is subject to approval82 words
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Article76 1977-01-26 7 ESSEN, Tues. Karstadt said It expects satisfactory earnings In 1976, although Its provisional figures show parent company net profits will be below the 144 million marks for 1975. In an Interim report It said retail business last year was sluggish while group personnel costs rose 5.1 per cent. Already76 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1145 1977-01-26 7 NEW YORK: Stocks were unable to generate much momentum In either direction on Monday. But a late sprinkling of demand had prices leaning to the plus side. For the most part Investors appeared to be waiting for a clearer picture of US Inflation prospects, interest rates and the1,145 words
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Article324 1977-01-26 7 AMSTERDAM: The market was narrowly mixed In quiet trading on Monday. Dutch Internationals were mostly slightly firmer although Philips was unchanged. Elsewhere losses slightly outnumbered gains among trading and Industrial shares. Transports and Insurances were mixed while banks were easier. State loans firmed. Market sources said they were not324 words
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Article295 1977-01-26 7 ZURICH: The stock market closed mixed In moderately active dealings on Monday, with small gains and losses about equal, dealers said. Interest centred on both Bally shares with switching from bearer Into registered account?Ing for most of the turnover Bally bearer fell sharply while registered gained. Italo-Suisae firmed on295 words
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Article411 1977-01-26 7 JOHANNESBURG: Gold shares traded quietly easier on Monday In a market dominated by political factors and also Influenced by the Imminent IMF auction, dealers said. South Roode gained three cents to 103 after rejection of the scheme proposed by Randfonteln. Financial minings were lower on balance with Gen Min411 words
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Article303 1977-01-26 7 FRANKFURT: Most shares closed mixed to lower on Ifcck of buying Interest on Monday, dealers said. Among motors BMW gained 1.50 Dreadner lost one and Hieraena (ell 2.30. In engineerings GHH gained two. while In stores KareUdt gained 1.80 and Kaufhof fell one. Belwriac. which announced higher 1976 group303 words
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Article293 1977-01-26 7 TORONTO: Sharp gains among the oils and metals pushed the composite index up two points, despite generally lower prices among the Industrials, by the close of moderate trading on Monday. Only two of the 10 Industrial sub-tndlces transportation and financial services reflected gains A lean climbed to 24% after293 words
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Article390 1977-01-26 7 PARIS: The market was generally firm In active trading on Monday, helped partly by optimism that the December French retail price Index will show an Improvement over November, dealers said. Prices were little affected by the prospect of strikes this week by railway workers and civil servants. they added.390 words
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Article439 1977-01-26 7 SYDNEY: The market closed mixed In quiet trading on Tuesday. with selective support for situation stocks, but with sellers still dominant, dealers said. The Sydney All-Ordinaries fell 0.75 point to 438 19 Mary Kathleen's loss adversely affected sentiment, and while the stock untraded, It was quoted sharply lower Pmncontinental439 words
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Article171 1977-01-26 7 BRUSSELS: The market was little changed in very thin business on Monday, dealers said. Local Issues to firm Included Gevaert and Solvay, while Cockerill, Tabacofina and Compagnie Lambert eased. Cometra opened lower but regained most of its loss during trading. Shares of Societe General? showed no reaction to confirmation171 words
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Article177 1977-01-26 7 MILAN: The market closed mixed with a higher bias In fairly active trading on Monday, dealers said. Snia Viseosa, Montedison, and both Olivettis were leading industrials to show fair gains while Fiat eased as did Pirelli Spa. However. Pirelli E.C. was barely changed. Assicurasioni Generali recovered last week's losses177 words
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Article460 1977-01-26 7 HONGKONG: The market drifted lower again on lack of Interest In very quiet trading on Tuesday, dealers said The Hang Seng index fell 2.60 points to close at 438.52. Lower London prices may have contributed to the easier trend and currently more attractive markets overseas. Including the UK gilt460 words
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Article443 1977-01-26 7 TOKYO: The market closed slightly lower in limited trading as caution on technical considerations on Tuesday, dealers said The Dow-Jones average lost 9 56 to close at 5.044.55 with volume 280 million shares. The new index closed at 381.27. down 119 Dealers said many blue chips and populars lost443 words
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Article143 1977-01-26 7 MANILA: Commercial and mining issues eased fractionally but oils were slightly firmer on Tuesday, dealers said. Profit-taking depressed mining issues despite another fractional advance In metal prices, they added JAN 25 Pesos Acoje Mining 0155 -0 0005 Atlas Con A 33 75 -0 25 Atlas Con B 34 unch143 words
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Article83 1977-01-26 7 JAN K Bahts Asia Fibre 123 *3 Bangkok Bank 2458 Bangkok Invest 148 unrh Bangkok-Metro-politan Bank Bata 367 Berlt Jurker 163 -fl Charoong Thai Wire 161 Dump* DuMl Thanl Faber Merlin First Trust Indo-Thal J And J Ho 1938 Jnluprnthan Cement 84 unoh Karnasuta Lee Kvam Min Metal Box83 words
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Article67 1977-01-26 7 FINANCIAL TIMES INDUSTRIAL Monday 377 8 Friday 384.7 Week ago 374.4 DOW JONES AVERAGE INDUSTRIALS Monday 963 60 Friday 962 43 Week Ago 967 17 LONDON DOLLAR PREMIUM Monday 106'«to 107% Frtday 108 to 108'.* H.K. HANG SENG Monday 441.12 Friday- 442 33 Week ago 436.54 SYDNEY INDUSTRIALS Monday67 words
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Article64 1977-01-26 7 PARIS,Tues. The Industrial Bank of Japan said its wholly owned subsidiary Industrial Bank of Japan Finance Co of Curacao proposes to offer US$4O million of floating rate notes due 1982 on or about Feb 3. Primary bond market sources said the notes will carry Interest at onequarter point above64 words
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Page 7 Advertisements
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Advertisement430 1977-01-26 7 mrrn CVlVrmDIPniVr proper volume. Your eyes are directed to the ,IMr.OI IN 1 UrivA/ll right chapter, page, and paragraph. Your mind is then enriched by the very words the author had to say about the idea. what the GREAT BOOKS can mean to ybu I Just as an adult education430 words
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COMMODITY REPORTS AND PRICES
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Article631 1977-01-26 8 EASIER London advices brought a fractionally lower opening In the Singapore rubber market yesterday after which conditions were very quiet, dealers said. After mid-day, however, prices firmed as sellers retreated following fresh short-covering demand for February and near forwards, they added. Turnover was moderate. The morning session closed631 words
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Article91 1977-01-26 8 DAILY S8R and SMR price* at noon yesterday: Feb Mar. R.A.S. (Cum •t Mtk) (Perward Mtfc) (EEL Seller* P«k«> Bum Seller* itaperkc) SSR20 (1— ton Pallet) 189 00 190.00N 180.50 181. SON SSRSO (1-ton Pallet) 186.50 187 SON 188.00 188.0QN M.R.E.L.B 8MRSCV (l-ton Pallet) 222.SO 224.SON 226.0091 words
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Article284 1977-01-26 8 THE *stralts tin price In Penang yesterday was up 123 to $1,483 on an official offering down 40 tonnes to 284 tonnes. In LONDON yesterday, tin finished £15 per tonne down for Cash and virtually unchanged for Three Months In the standard contract at the mid-day closing. High284 words
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Article29 1977-01-26 8 Rubber: Jan 25 Singapore: Feb. 264.75 cts (up 1.25 cts.) Malaysia: Feb. 209.25 eta a 0.75 eta) $1,483.00 (up $23.00) Official offering: 284 tonnes (down 40 tonnes)29 words
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Article105 1977-01-26 8 LONDON, Tues. Lead declined by £4.25 per tonne for Cash and £5 for Three Months and attracted f>rofit-taklng and stale bull lquldation following the general trend In other base metals, dealers said. Three Months traded back from a pre-market high of £354 per tonne down to £346 in the105 words
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Article111 1977-01-26 8 LONDON, Tues. Zinc eased by £1.75 per tonne for Cash and £2 for Three Months. Values retreated from the recent highs under profittaking and general liquidation although by the close, losses were only marginal. Three Months changed hands at £430 per tonne In the pre-market but softened to £427.50111 words
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Article269 1977-01-26 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOBING PRirFS PFR Pirtl. YESTERDAY. Coconut Oil: Bulk *83 sellers, old drum SM sellers, new drum *93 sellers. Copra: Mixed (loose) UK/Cont *53 buyers. Pepper: Munlok ASTA white f o b. 100% NLW *342 1/2 sellers Smwit white f o b. 98% NLW269 words
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Article345 1977-01-26 8 IN the Singapore gold market yesterday the kilobar was traded in the range of 5510,550 to $10,600. The loco London gold opened at U*****.40/ lfi.Bo and closed at $132.80/ 133.20. Volume was light and restricted to booksquaring activities only. The London morning fix U*****.90, up $0.60 on previous fix.345 words
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Article409 1977-01-26 8 LONDON, Tues. Copper wire bars finished with losses of £6 per tonne for Cash and £7 for Three Months. Values fell back on the F re-market under profltaklng and liquidation prompted by the turnround in New York, dealers said. Three Months traded from £877 down to £868 but the409 words
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Article330 1977-01-26 8 LONDON, Tues. Terminal sugar finished the opening call unchanged from Monday night (Mch 1978 at £144.25) to £1.50 lower. But the market soon staged a modest recovery highlighted by trade buying of the nears possibly price fixing. Sources said sentiment was bearlshly affected overnight (and early this morning) by330 words
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Article115 1977-01-26 8 CHICAGO, Mon, Wheat futures posted gains of 3V» to 2\ cents a bushel on spillover strength from soybean futures. In early trade, prices eased on speculative selling generated by Initial weakness in corn. The USD A projections of reduced spring wheat acreage provided some support, however, and prices firmed115 words
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Article156 1977-01-26 8 CHICAGO, Mon. Soybean futures extended early gains to finish the session 14K to IT/t cents a bushel higher. Although nearbys showed some early weakness, strength In deferreds spread to take prices higher. Commercials were buyers of new crop contracts and speculative buying was encouraged by the USDA Planting Intentions156 words
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Article180 1977-01-26 8 LONDON, Tues. Silver closed 0.1 pence higher to 0.8 pence lower. Initially higher pre- market values which reflected New York were not maintained as the market met profit-taking. Steady conditions Krevailed in the ring, owever, as further selling was well absorbed by covering and fresh buying at the lower180 words
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Article287 1977-01-26 8 LONDON, Tues. Robusta futures opened steady, but with values £45 to £28 down from Monday night, with 235 lots traded. May traded down to a low of £2,605 after a high of "£2,620 but later recovered to close at £2,617 traded. Dealers said terminal values eased In line with287 words
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Article227 1977-01-26 8 BANGKOK, Tues Indicative prices for rice quoted In Bangkok yesterday were: US dollars per tonne fob basis Bangkok White Rice 100 per cent Ist class 2SB 100 per cent 2nd class 273 100 per cent 3rd class 261 S per cent 200 10 per cent 239 IS per cent227 words
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MONEY AND EXCHANGES
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Article580 1977-01-26 8 INTEREST rates for shortdated funds (One to Three Months) In the Singapore domestic money market saw drops of per cent following the market's recovery from the surprise cne per cent cut by the Monetary Authority of Singapore In its export bill redlscountlng rate to three per cent yesterday. Heavy580 words
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Article52 1977-01-26 8 RANGE of price* offered by dls count houses on Jan 25 Overnight 3* Call deposit 2N to 3% CWaii Buc SeUiac 3-Month Treasury Mils 3-Month Bank bills 3 1/16 4 1/16 2 15/16 3 15/18 3-Month CD 6-Month 4 3/8 4 S/S 4 3/16 4 7/16 Source: National52 words
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Article155 1977-01-26 8 Asian rate ASIAN currency depoelt interbank rate* u at clow on Jan 25 U8 D*tlara<8po«> 7day* unar 4 13/16 BM 411/16 1 mth 4 1V16 4 13/16 2 mth* 51/6 S 3 mth* 5 5/1# 51/16 6 mth* 5 7/6 5 3/4 9 mth* 6 5 7/6 12 mth* 1/4155 words
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Article54 1977-01-26 8 Minimum lending rates (in ACBC Algemene Bank 6% Bangkok Bank 7* Bank of America 8* Bank of China ..7 Bank of Tokyo Bank Negara Indonesia 7* First Chicago fl* Citibank HSBC 7 Indosues C% Malayan Banking 6* Mitsui Bank 6* OCBC oub n Chartered Bank Chase Manhattan DBS 6 UCB.54 words
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Article271 1977-01-26 8 LONDON, Tues. The dollar extended Monday's advance against continental currencies, helped by a further rise in US Treasury Bill yields and continued optimism about the course or the US economy, dealers said. Sterling was very firm, with the Bank of England acting from the outset this morning to steady271 words
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Article190 1977-01-26 8 NEW YORK, Mon. The dollar closed sharply higher from Friday's close while sterling held steady amid Bank of England intervention both here and In London, dealers said. The dollar firmed in reaction to news that Britain is to borrow $1.5 billion in the Euromarkets, with the substantial credit190 words
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Article123 1977-01-26 8 TOKYO, Tues. The US dollar for overnight delivery closed lower at 289.45 yen compared with 289.95 at the opening and 290.23 yen at Monday's close. The decline reflected steadiness of the yen abroad and an inflow of dollars through foreign investment in Japanese bonds, dealers said. There was also123 words
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Article130 1977-01-26 8 HONGKONG, Tues. The US dollar fell to a late HK54.6630/60 after opening firmer at $4.6700/50 compared with Monday's late $4.6590/6620, dealers said. Trading was fairly active, with the US unit rising In early trading following Its firmer trend overseas. It then dropped in reaction to these gains and In130 words
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Article136 1977-01-26 8 Euro rates LONDON, Tues. Eurodollar deposits opened slightly higher where changed and added 1/16 to most periods in early trading, dealers said. They cited the continued rise In US Treasury BUI yields at the weekly auction for early gains, coupled with Fed funds trading around 43/4 per cent for most136 words
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Article48 1977-01-26 8 AUSTRALIA/ NZ exchanges quoted on Jan 25 Australia: Sterling 0.6356/0.6285 US dollar 1.0889/1.0841 Ninety-day air mall buying rates: Sterling 0.6647 US dollars 1.1149 Ninety-day forward buying rates: Sterling 0.6513 US dollars 1.0943 New Zealand: Sterling 0.5545/0.5514 US dollar 0.9579/0.9479 Ninety-day forward rate: Sterling 0.5882 US dollar 0.976448 words
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Article38 1977-01-26 8 ZURICH exchanges closing on Jan 24 US 2.5177-5187 UK 4.3265-3300 Can 2.4910-4935 W Germ 104.18-27 Neth 99.57-68 France 50.25-56 Belg 6.78-1/2-79-3/4 Denm 42.45-49 Norw 47.28-32 Swed 59.13-18 Italy 0.2853-2857 Austria 14.66-69 Port 7.83-85 Spain 3.66-66-1/2 Arg 0.85-1.0038 words
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Article45 1977-01-26 8 FRANKFURT exchanges opening quotes on Jan 25 US 2.4195/ 4210 2.4130/ 40) Can 2.3900/ 20 UK 4.160/ 175 Neth 95.40/ 55 Swltz 96.10/ 25 Italy 2.740/ 755 France 48.60/ 75 Norw 45.26/ 36 Belg com 6.502/ 517 Belg fin 6.50/ 51 Japan 0.8360/ 8045 words
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Article284 1977-01-26 8 LONDON, Tues. Straight debt bonds were a shade easier in places in very quiet trading, dealers said. Dealers felt the market lacks buying interest at present but were unable to ascribe any particular background reason. Guilder Issues were V» to point weaker throughout the list and dealers said284 words
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Page 8 Advertisements
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Advertisement85 1977-01-26 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times I BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) 3 >3BUSINESS TIMES Subscription Form Payment for S is enclosed All subscriptions are payable in advance and should be drawn85 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration717 1977-01-26 9 RONNIE LIM - By RONNIE LIM THE local recording Industry, plagued by rampant piracy, and (through Its own doing) by distrust among companies, is moving towards consolidation. Pirates In the business account for 10 to 20 per cent of all records sold here, and are an even greater717 words
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733 1977-01-26 9 LLOYD TIMBERLAKE - By LLOYD TIMBERLAKE Reuter CITIZENS of technically sophisticated countries are becoming Increasingly worried about just who knows what about them, and where and how this Information Is stored. The problem arises mainly through the recent proliferation of computerised data banks, which governments useReuter - 733 words
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Article, Illustration521 1977-01-26 9 TERESA LIM - By TERESA LIM IT IS fairly amazing how different two perspectives of the same view can be. The Soviet Union sees its shipping activities in this region as "developing healthily" while a United States news service describes the Soviets as "quietly and efficiently entering the521 words
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Article165 1977-01-26 9 AP LONDON, Tues. Weekend chartering concentrated on Transatlantic grain traffic from the US Gulf to Europe yesterday. Rates showed very little change from previous levels. For Instance, the bulk-oil carrier Walchand received U554.75 (FIO) for a 71,000-tonne January-February movement to Europort, while US$5.lO (FIO) was obtained byAP - 165 words
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Article, Illustration284 1977-01-26 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Alisher Navoi (1830 after Ljutomer) 45 Fortune Trader (3FCQ) (1800 after Doris Taylor) 40/41 King River (1500) 23 Labu (0700) 24 Loon Chong (3EFD) (after Loon Sheng) 25/26 Rasa Sayang (0800) 42/43 PASIR PANJANG WHARVES Cherry Chepat (0700 after Lakota) (690 747) CB284 words
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Article599 1977-01-26 9 ARRIVALS Service Local Operator Number Time From Bt p 9 Arrivals L daparture TMA TL304B 0530 TPE MAS MH682 0810 KCH PAA PA841 0950 SFO/HNL/GUM CAL CI816 1000 HLP JAL JL712 1000 HLP SIA SQ211 0945 HLP CPA CX710 0945 HLP GIA GA980 1135 HLP THAI TG423599 words
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Page 9 Advertisements
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Advertisement205 1977-01-26 9 Seatec March 1-5 tt Hotel ngapore 4 V V The dredging and construction of ports for developing countries •UNESCAP Umted Na'i Ecc K Socia 1 Commission Asm inii the Parif'C I APH I' AS SO I' 1 tp< irt c, Representatives in Singapore S E Asia M.irlrV, s F A205 words
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Article, Illustration861 1977-01-26 10 MARY CHERRY - By MARY CHERRY Financial Times THE SPRAWLING city of Jakarta ha 2.000 tonnes of municipal rubbish to dispose of every day at least, that is the quantity estimated to get Into the collection system. It represents a formidable problem, but one which isFinancial Times - 861 words
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Article, Illustration918 1977-01-26 10 F. RAITBEGER - CUBA THE BRIDGE BETWEEN EUROPE AND LATIN AMERICA By F. RAITBEGER Reuter CUBA'S proclaimed policy of becoming a bridge between Europe and Latin America has Just produced a spectacular success, with two English-speaking countries In the area announcing their Intention of establishing links with the communist economic grouping Comecon. GuyanaReuter - 918 words
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Article, Illustration1299 1977-01-26 10 LESLIE COLITT - LESLIE COLITT REPORTS ON PRIVATE ENTERPRISE IN EAST GERMANY LESLIE COLITT Financial Times CAPITALISM in East Germany Is being rescued from final extinction by the country's communist leadership which has reversed a five-year campaign of attrition against private business. Since 1971, the number of private craftsmenFinancial Times - 1,299 words
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Page 10 Advertisements
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Advertisement190 1977-01-26 10 r MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TaDATE HANDY REFERENCE 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 Southeast Asia. The Bulletin is190 words
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272 1977-01-26 11 Reuter TOKYO, Tues. Japan will tomorrow announce whether or not It will extend Its territorial waters from five to 20 km, a Foreign Ministry spokesman said today. The spokesman disclosed that Cabinet Ministers Involved with the Issue met today and would have furtherReuter - 272 words
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Article215 1977-01-26 11 UPI TOKYO, Tues. A top level private business mission of Japanese bankers and industrialists will tour five West Asian countries from Feb. 3 to 19 In hope of improving Japan's so-so performance in capturing oil dollars. It will be the first Japanese business mission toUPI - 215 words
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Article178 1977-01-26 11 rffDEE 77, the Indian engineering exhibition which will be opened officially today at the National Stadium, may bring more than Just the products and equipment of 200 exhibitors to Singapore. It could also generate more Indian Investment here, as several of the Indian manufacturers who178 words
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Article223 1977-01-26 11 Reuter RIYADH, Tues. President Valery Glscard D'Estaing said today that France and Western Europe might be able to contribute to guarantees for secure boundaries in the Middle East. At a press conference at the end of his four-day state visit to Saudi Arabia during whichReuter - 223 words
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Article132 1977-01-26 11 UPI TOKYO, Tues. The JaEanese Government will ave to float bonds totalling 4.05 trillion yen (5534.4 billion) to cover a revenue deficit during the 1977 fiscal year starting April 1, the Finance Ministry decided yesterday. The sum is equlvllent to about U5513.96 billion at the presentUPI - 132 words
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284 1977-01-26 11 SWISSEXPORT Cooperation Alliance, a leading private trade promotion organisation in Switzerland, intends to organise a multi-million dollar business convention and exhibition in Singapore next January to promote closer trade relations between Switzerland end the Asean countries. Entitled "Swiaaaaean •78", the total284 words
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Article147 1977-01-26 11 UPI SEOUL, Tues. The Government plans to ask big Industrial plants to Install their own generators to help tide over the worsening power shortage In South Korea, officials said today. The Government also plans to adopt a dual price system which would call for higher chargesUPI - 147 words
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Article73 1977-01-26 11 UPI HONGKONG, Tues. Chinese Communist Party Chairman Hua Kuo-feng yesterday, met with North Korean Ambassador to China Hyun Jun-keuk and had a "cordial and friendly talk with him," the New China News Agency (NCNA) reported. NCNA said also present at the meeting were Vice Chairman Yeh Chlen-ylngUPI - 73 words
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529 1977-01-26 11 Reuter MANILA, Tues. Trade between Britain and the Philippines has more than doubled in the past three years and there are signs of increasing British interest In doing business here, according to British trade sources. One sign of the increasing Interest will be aReuter - 529 words
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444 1977-01-26 11 UPI TOKYO, Tues. Japan's auto makers turned out a record 7,841,447 cars, trucks and buses in 1976 and sold almost half of them to foreign countries, the Japan Automobile Manufacturers Association reported yesterday. The United States was the largest single export market.UPI - 444 words
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Article551 1977-01-26 11 UPI NEW DELHI, Tues The politically powerful son of Prime Minister Indira Oandhl yesterday said there Is a fifty-fifty chance he will run for Parliament In India's general elections in March. "I htfve not decided that yet," 30-year-old Mr. SanJay Oandhi said when asked ifUPI - 551 words
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Article146 1977-01-26 11 Reuter TOKYO, Tuet. Japanese Mining Association president Aklra Fujisakl said producer and consumer nations should consider adopting a producer price system for the world copper market to stop wide price fluctuations. Mr. Fujlsaki told a news conference he would prefer a producer price system to theReuter - 146 words
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Article117 1977-01-26 11 Reuter TEHRAN. Tues. Iran stands to earn between US$lB billion (5544.3 billion) and 122 billion In gas sales to Europe, the US and Japan, under two-year contracts concluded so far, National Iranian Oas Company (NIOC) managing director Taql Mossadeql said. Iran is already selling natural gas toReuter - 117 words
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Article233 1977-01-26 11 Reuter BANGKOK, Tues. Foreign Minister Upadlt Pachariyangkun said today Thailand does not support the various minority groups now fighting the Burmese Government In Rangoon. Mr. Upadlt said before leaving for a four-day Informal visit to Burma that the Government recognises the Ne Win administration asReuter - 233 words
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Article124 1977-01-26 11 Reuter MANILA, Tues. Scientists at the International Rice Research Institute (IRRI). near here have developed a new rice variety that thrives best In swampland, the Bureau of Plant Industry (BPI) said today. BPI and the Philippine Council for Agriculture and Resources Research identified the newReuter - 124 words
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Article113 1977-01-26 11 AP SEOUL, Tues. South Korea earned U8*270 million (*****.2 million) In foreign exchange from 830,000 foreign tourists who visited the country last year, the Transportation Ministry reported today. The figures compared with the previous year s $140 rotNlon °f earnings from 632,800 foreign tourists. The increase In earningsAP - 113 words
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Article142 1977-01-26 11 THE missing Workers Party member, Ho Juan Thai, wanted by the police for questioning because he Is alleged to have brought up "gut Issues" during the recent election campaign, has sent a letter to the Minister for Home Affairs, Mr. Chua Slan Chin, saying that he142 words
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291 1977-01-26 11 "SHANGRI-LA where there's a whole lot of living to do", is a concept which has, from the beginning of this year (Jan 11 to be exact), been literally brought home to Singaporeans by the hotel in Orange Grove Road through291 words
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582 1977-01-26 11 Reuter AP LONDON, Tues. British Foreign Secretary Anthony Crosland today contemplated personal Intervention as the next step In efforts to break the deadlock over proposals for black rule In Rhodesia. Only hours after Rhodeslan Prime Minister lan Smith rejected the latest British packageReuter; AP - 582 words
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Article133 1977-01-26 11 AROUND 200 supervisors and trainee supervisors from Industry and commerce In Singapore will be taking the "Training Within Industry" examinations organised by the National Productivity Board on Feb 6. An NPB spokesman said yesterday that the fre-quently-held courses leading to these examinations were being "well133 words
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Article36 1977-01-26 11 UPI TAIPEH, Tues. Taiwan harvested 2.71 million metric tonnes of rice last year, up eight per cent over 1975, the Government announced today. Taiwan harvested 2.49 million metric tonnes of rice in 1975. UPI.UPI - 36 words
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Article89 1977-01-26 11 Reuter TORONTO, Tues. Finance Minister Donald Mac Donald said improvement of the Investment climate in Canada will be an important item on the federal agenda during 1977. 'There Is no question that we need a progressive recovery in private investment," he said. Creation of JobsReuter - 89 words
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Page 11 Advertisements
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Advertisement304 1977-01-26 11 LARGE AIRCONDITIONING CONTRACTING COMPANY (YORK DISTRIBUTORS) IN SAUDI ARABIA SEEKS THE FOLLOWING PERSONNEL 1. Senior Air Conditioning Engineers with about 12 years experience in design with large capacity air conditioning projects. 2. Senior Air Conditioning Engineers with about 12 years experience in site supervision with large air conditioning and refrigeration304 words
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Advertisement427 1977-01-26 11 An Established French Manufacturing Company invites applications for the position of:PURCHASING MANAGER THE JOB: Buying all materials, supplies and equipments required by the Company, as well as planning, scheduling and controlling of material usage/movements for both our local and newly established plant in Malacca. The job entails a thorough familarity427 words
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Article156 1977-01-26 12 Reuter MANILA, Tues. Singapore and the Philippines today began tax treaty negotiations here aimed at forging an agreement to avoid double taxation among their nationals. Philippine Finance Secretary Cesar Vlratan, In a speech at the opening ceremonies, said the fiveday talks would also pave theReuter - 156 words
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Article98 1977-01-26 12 Reuter LONDON Tues. British Government plans to nationalise the shipbuilding industry received a further setback today when three key executives withdrew. The three would have been directors of industrial relations, corporate planning and finance in the new national corporation. They said they were quitting because ofReuter - 98 words
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Article759 1977-01-26 12 LONDON. Tues The stock market closed mixed in light trading and at 3 p.m.; the Financial Times index was up 0.2 at 378 0. Prospects of a further reducUon in the Bank of England minimum lending rate coming Friday and the cut In the clearing bank base rates759 words
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302 1977-01-26 12 MR. Frederick W. Deming, vice-persident and senior economist of Chemical Bank, America's sixth largest bank with assets of U5526.5 billion (Ss6s billion), yesterday gave an optimistic forecast of the American economy. He said that the latest economic indicators were encouraging, and many of302 words
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Article124 1977-01-26 12 Reuter SADAO (Thailand), Tues. One Malaysian soldier was killed and three others wounded by booby traps during joint operations with Thai forces against communist guerillas in the Sadao district on the Malaysian border, military sources said today. The troops were moving up to new positionsReuter - 124 words
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Article, Illustration509 1977-01-26 12 THANIN HOLDS OUT THE CARROT UPI BANGKOK, Tues. Prime Minister Thanln Kralvlchlen today appealed to foreign businessmen to invest capital and technology in Thailand In return for "attractive Innovations and guarantees." The Prime Minister was giving 1,000 members of European, US and Japanse Chambers of CommerceUPI - 509 words
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344 1977-01-26 12 KUALA LUMPUR, Tues. The Malaysian Government, threatened with a general strike over the issue of pay Increase, today announced a new salary scheme for 560,000 government servants. Including the police and armed forces. Prime Minister Datuk Hussein Onn, announcing the scheme at a meeting344 words
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363 1977-01-26 12 THE Government has decided to reclaim an additional 360 hectares of land between Tanjong Rhu and Telok Ayer Basin. "This project will take about six years to complete and tenders will be called after Parliament has given Its approval," said Mr. Llm Kim San, Minister363 words
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330 1977-01-26 12 THE developers of the largest private residential condominium project to be approved by the Building Control Division (BCD) of PWD, Sommervllle Properties, will be stressing the finer points of location, price and quality to push the sales of the proposed 386 housing units to330 words
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736 1977-01-26 12 AP JAKARTA, Tues. The Government's eagerness to i spur lagging petroleum ex- < ploratlon Is getting a wait- j and-see reaction from i foreign oilmen. "It's nice to hear official encouragement for a change, but there's a lot more Involved than that," saidAP - 736 words
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275 1977-01-26 12 IN MARCH a local firm will begin making preclson "strip and wire formed" springs and coils of use in a wide range of Industries. The company, Wireforms Pte Ltd, incorporated last year with an authorised capital of $2 million, will set up a275 words
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131 1977-01-26 12 PROPOSALS to Impose price control measures to end the price war among local tyre dealers have been postponed. According to the Singapore Motor Tyre Dealers Association secretary Ng Kok Yuen, the matter was slated for discussion at the association's committee meeting last Saturday. The131 words
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111 1977-01-26 12 THE Ministry of Communications is streamlining its procedures in an effort to encourage more foreign airlines to operate scheduled air services to and from Singapore. The Ministry hopes to diversify the airport s network of routes and destination points as much as possible to111 words
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Article87 1977-01-26 12 KUALA LUMPUR, Tues. Former Bank Rakyat chairman, Datuk Hajl Harun Idris and two other former executives, Datuk Abu Mansor Basir and Ismail Din, filed notices of appeal against conviction and sentence in the High Court regis-ry here today. The notices were filed by thtlr respective counsels. The three87 words
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Article63 1977-01-26 12 UPI WASHINGTON, Tues. The Senate confirmed Mr. Joseph Califano Jr. as Secretary of Health, Education and Welfare yesterday, making him the ninth member of President Carter's Cabinet to win approval. Mr. Califano's confirmation, by a 95-1 vote, left Attorney General-designate Griffin Bell and Labour Secretary-designate F.Ray Marshall asUPI - 63 words
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Article, Illustration351 1977-01-26 12 RAWALPINDI, Tues. Prime Minister Zulflk&r All Bhutto yesterday launched his Pakistan People's Party (PPP) manifesto for the general elections in March, promising wide-ranging economic and social benefits and a stronger national defence If returned to power. The manifesto pledged to raise351 words
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Article84 1977-01-26 12 AP ISLAMBAD, Tues. The Pakistan Government has tightened its emigration laws in an effort to halt the Illegal exit of Pakistanis abroad, particularly to the Gulf and West Asian countries. The manpower department said today athat the Government has been deep- ly concerned with the rising trend ofAP - 84 words
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Advertisement58 1977-01-26 12 Executive's Lunch Special Roast from our Silver 11 /a M yi^i w Mondays Roast Leg of Ham Tuesdays Roast Striploin of Beef Wednesdays Smoked Chicken Roast Rack of Lamb Fridays Roast Turkey Plus Bowl of Mixed Green Salad Choice of Dressings. Price: $10.00 (plus 3% Government Tax) No Service Charge58 words
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Advertisement200 1977-01-26 12 ioCssww 26th-31st Jan. 1977 National Stadium, Singapore The trodle Of Civilisation Blossoms Rt the inomn incinEißinc EKHIBIIIOn o Sponsored by the Engineering Export Promotion Council of India and organised in conjunction with the celebration of the 27th Anniversary of the Republic Day of India, IN DEE 77 is an exposition200 words
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