The Business Times, 27 January 1977
1977-01-27
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The Business Times
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Title Section9 1977-01-27 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, JANUARY 27, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article51 1977-01-27 1 Reuter IPOH, Wed. The Perak State Government ordered Tasek Cement to pay a M 50.75 million penalty for prematurely building a $60 million extension to its cement factory on agricultural land before It was approved for conversion to Industrial usage, State Government officials said. Tasek declined comment.Reuter - 51 words
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Article52 1977-01-27 1 Reuter TOKYO, Wed. The Tokyo Stock Exchange said it will tighten margin trading controls over all stocks again from tomorrow. The margin requirements for most stocks, with a few exceptions, will be raised to 60 per cent Including 10 per cent cash from the present 50 perReuter - 52 words
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Article55 1977-01-27 1 AP SALISBURY, Wed. Sweeping measures to boost Rhodesia's armed forces in the face of an intensifying guerilla war are expected to be announced this week. The Government plans to cast the military draft net further to bring whites, Asians and coloureds (mixed race) over 38 into the securityAP - 55 words
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Article66 1977-01-27 1 Reuter TOKYO, Wed. Japan's Mitsubishi Heavy Industries (MHI) and Mitsubishi Electric Corporation have jointly won a 120 billion yen (551.02 billion) order for the construction of four thermal power plants of 200,000 kw each in Iraq, Mitsubishi said today. Under a contract signed with the Iraqi Ministry ofReuter - 66 words
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Article64 1977-01-27 1 Reuter SADAO (Thailand), Wed. Thai border patrol police have wounded several guerillas in a clash with a 20-strong group during Joint operations by Thai and Malaysian military forces against the communists in this district on the Malaysian border, police here said today. They said the guerillas fled intoReuter - 64 words
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Article48 1977-01-27 1 AP KUALA LUMPUR, Wed. Malaysian Prime Minister Hussein Onn will make a three-day official visit to Turkey beginning Feb 11, a Foreign Ministry statement said today. During the visit, Datuk Hussein will hold talks with his counterpart on bilateral relations and other international matters. AP.AP - 48 words
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Article58 1977-01-27 1 Reuter JAKARTA. Wed. £ort authorities in the north Sumatra city of Belawan have foiled an attempt to smuggle calculating machines packed inside cases of toys. Antara News Agency reported today. The machines, worth millions of rupiahs, were believed to have arrived recently from Singapore. They were confiscatedReuter - 58 words
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Article44 1977-01-27 1 AP KUALA LUMPUR, Wed. A 15-member Investment mission from Belgium will arrive for a nineday visit on March 4, to study improvement of trade between the two countries and look into investment potentials in Malaysia particularly in the petroleum industry. AP.AP - 44 words
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Article44 1977-01-27 1 UPI NEW YORK, Wed. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 indus 963.60, down 2.32; 20 transp 232.45, up 0.04; 15 utlls 111.74, down 0.13; 65 stocks 317.79, down 0.49. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration176 1977-01-27 1 TRADING remained very quiet at the Stock Exchange of Singapore yesterday, with shares ending on a mixed note. Volume was low and price movements were very narrow. The Business Times index was fractionally lower at 260.86, while the Straits Times Industrial average was practically unchanged at 254.99.176 words
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Article103 1977-01-27 1 Falls Most active Aokam $2.82 -.13 Central Sugars 161.000 Prima $2.77 -.11 Haw Par 131,000 PaUling $2.30 08 Slme Darby 72,000 f Pron SI 39 -.06 Pan Electric ss nnn Golden Hope S3.48 M. Tobacco $5.15 S. Trading $5.60 Temenggong $1.35 M. Banking $6.05 Ldn Asiatic $2.43103 words
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Article, Illustration1682 1977-01-27 1 EXTRADITION RULING BY MAGISTRATE LONDON, Wed. The Chief London Magistrate today discharged British financier, Jim Slater, on all six conspiracy charges on which the Singapore Government sought his extradition, but found that Richard Tarling, former chairman of Haw Par Brothers International, had a case1,682 words
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382 1977-01-27 1 SINGAPORE Airlines' brush with the British Department of Trade concerning its slumberettes has apparently not been settled. SlA's London office, headed by manager Tom Kingston is pursuing the matter with the authorities, but success seems far away since there are at least five other382 words
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Article258 1977-01-27 1 DELEGATES of the California wine and brandy mission will meet senior officials from the Ministry of Environment, the Ministry of Science and Technology and the Customs today to discuss ways of permitting Califomlan brandy to be Imported to Singapore. This was revealed by Mrs. March Fong258 words
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Article206 1977-01-27 1 NEW YORK, Wed. Burma h Oil ia resisting disclosure to the US Securities and Exchange Commission (SEC) of information related to the Commission's continuing inquiry into alleged improper payments by the British company. This is disclosed in the formal statement issued by Mr Elliot Richardson, Secretary of206 words
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Article113 1977-01-27 1 Reuter THE Singapore wholesale price index for all items (base 1974) rose in October to 106.6 from 105.6 in September and 101.0 in October 1975, Statistics Department figures show. The wholesale price index of Singapore manufactured products rose to 105.4 in October from 103.7 iAReuter - 113 words
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Article112 1977-01-27 1 ASEAN'S standing committee meeting in Singapore today will have as the main item on the agenda, proposals for celebrating the 10th anniversary of Asean this year. Today's meeting will be chaired by Foreign Minister Mr. S. Rajaratnam. Mr. Lee Khoon Choy. Senior Minister of State for Foreign112 words
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Article70 1977-01-27 1 Reuter TOKYO, Wed. Japanese unemployment may reach between 1.2 million and 1.3 million unadjusted by endMarch. a Labour Ministry spokesman said. Unemployment fell to 970,000 unadjusted in November from October's one million, but the total usually rises for seasonal reasons In the first quarter,Reuter - 70 words
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389 1977-01-27 1 Reuter KUALA LUMPUR. Wed. The Malaysian Government today asked Parliament to reject the recommendations of the Ibrahim All report for massive salary increases for 560,000 public servants which would cost an additional M 5673 million a year. Instead, It called for acceptanceReuter - 389 words
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Article226 1977-01-27 1 AP OSAKA, Wed.—The fate of trouble-plagued Air Siam will be decided at a Thai Cabinet meeting scheduled for next week, Mr. Dusit Siriwan, Minister attached to the Thai Prime Minister's office, said today. Mr. Dusit made the disclosure here, after arriving earlier in the dayAP - 226 words
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Page 1 Advertisements
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Advertisement6 1977-01-27 1 Colour TV is simply great INSIDE6 words
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Advertisement316 1977-01-27 1 WHISKY 100% SCOTCH WHISKIES blended and bottled in Scotland under Government Supen mon Imported by Cold Storage Which bank works for you around the clock, and around the world? We do. Bank of America. Today, when world-wide money markets and exchange rates change rapidly, the ability to make on-the-spot decisions316 words
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OVERSEAS
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Article, Illustration885 1977-01-27 2 Mr. Rene Levesque, the separatist Prime Minister of Canada's Quebec Province, wants to declare unilateral independence from Canada. This narrow form of 'nationalism* on the part of the country's French-origin minority is complemented by an 3ually damaging form economic chauvinism. Mr. JamesNYT; BT Map by Allan Chan - 885 words
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Article, Illustration412 1977-01-27 2 Reuter LONDON, Wed. Prime Minister James Callaghan gave a firm commitment today that British forces in West Germany would not be reduced pending an EastWest agreement on mutual and balanced force reductions. Mr Callaghan was reporting to the House of Commons onReuter - 412 words
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Article190 1977-01-27 2 UPI SALISBURY, Wed. Rhodesia's 1976 emigration figures show the country going through the biggest white exodus since the breakup of the Central African Federation, when whites feared the coming of black rule. Government and political sources have blamed the steady losses on political uncertainty, the guerillaUPI - 190 words
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272 1977-01-27 2 UPI NEW YORK. Wed. Quebec Premier Rene Levesque reassured American financiers yesterday his Government did not plan a major nationalisation campaign and wanted an independent Quebec to be a "good neighbour" of both Canada and the United States. Mr. Levesque, whose Separatist PartiUPI - 272 words
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Article59 1977-01-27 2 AP BOURGES (France). Wed Farmers blowing funeral marches on hunting horns and toting mock coffins blocked traffic In this town In central France yesterday to protest the visit of Premier Raymond Barre and what they called falling agricultural prices. It was the second day In a row thatAP - 59 words
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496 1977-01-27 2 NYT BONN. Wed. Vice President Walter Mondale strongly urged Chancellor Helmut Schmidt yesterday to prod the West German economy into faster growth and to curb the export of nuclear technology to Brazil. Although Mr. Mondale and Mr. Schmidt appeared relaxed and optimisticNYT - 496 words
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523 1977-01-27 2 NYT WASHINGTON, Wed. The White House formally announced yesterday that Secretary of State Cyrus Vance will visit six Middle East countries, including war-torn Lebanon, from Feb 14 to Feb 21 to lay the groundwork for the Carter Administration to promote further Arab-Israeli accords.NYT - 523 words
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390 1977-01-27 2 UPI LONDON, Wed. Coffee negotiators agreed yesterday on two new studies which would have no immediate effect on coffee prices but could help stabilise the market in the future. The 16-nation executive board of the International Coffee Organisation set up an eight-nationUPI - 390 words
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505 1977-01-27 3 AP DUBAI, Wed. With an oil tanker passing through Its shipping lanes every 15 minutes, the Strait of Hormuz, at the entrance to the Persian Oulf, forms a strategic oil bottleneck whose protection has raised concern among the Oulf states. Terrorism isAP - 505 words
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Article109 1977-01-27 3 Reuter PARIS, Wed. French business leaders expect prices to rise around 0.6 per cent per month in the immediate future, and the short-term outlook has changed very little since December, the National Statistics Institute said. It said its January poll of 2,200 business leaders showedReuter - 109 words
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Article31 1977-01-27 3 AP BANGKOK, Tues. A wood screw factory supplied as aid by the American Friends Service Committee (AFSC) was opened In Hanoi yesterday, the Vietnam News Agency (VNA) said ttoday. AP.AP - 31 words
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Article165 1977-01-27 3 Reuter SYDNEY. Wed. The Australia/ Eastern USA shipping conference and the Australia/ Eastern Canada shipping conference said they negotiated a 12-4 per cent rise in freight rates and accessorial charges with the Australian Shippers Council for 1977, effective Feb 1 for most commodities. TheReuter - 165 words
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446 1977-01-27 3 CAIRO, Wednesday AP EGYPTIAN economic planners are revising foreign Investment laws in a bid to attract Western industrial investment. Proposed changes would unify the multiple currency rate system, grant a tax holiday to Investors and cut bureaucratic red tape, ministry sources said.AP - 446 words
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Article, Illustration298 1977-01-27 3 Reuter LONDON, Wed. British commercial banks took advantage of Britain's Improved finances yesterday to reduce their base lending rates by one percentage point to 13 per cent. Cheaper borrowing will encourage British Industry to Invest and expand an essential element In the Labour Government's strategyReuter - 298 words
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228 1977-01-27 3 Reuter WASHINGTON, Wed. President Carter has increased his two-year economic stimulus programme to give businesses as well as ordinary citizens bigger tax concessions, it was announced here yesterday. The plan will now cost Just over US$3l billion, Mr. Bert Lance, director of the White House OfficeReuter - 228 words
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237 1977-01-27 3 UPI WASHINGTON, Wed. The effort to get oil from shale, which many considered a hopeless struggle a year ago. Is tantallzlngly near competing with today's price of foreign oil, a House subcommittee chairman said yesterday. On the basts of testimony at aUPI - 237 words
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Article138 1977-01-27 3 Reuter QENEVA, Wed. A new step towards cutting motor vehicle thefts throughout the world was announced here yesterday. The 88-natlon International Standardisation Organisation (ISO) announced agreement on where and how vehicle Identification numbers (VIN) should be placed on vehicles, trailers and motorcycles. According toReuter - 138 words
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Article59 1977-01-27 3 Reuter LONDON, Wed. The order book of the UK shipbuilding Industry now stands at Its lowest level since 1967, figures Issued by the shipbuilders and repairers national association show. At the year-end the Industry's total order book (excluding naval work) stood at 207 ships of 2,046,000 grossReuter - 59 words
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Article31 1977-01-27 3 Reuter NEW YORK, Wed. The US trade deficit will rise to between US$l5 billion and US$lB billion this year from US$9 billion last year, Chaae Manhattan Bank N.A. said.Reuter - 31 words
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Article71 1977-01-27 3 Reuter NEW DELHI, Wed. Poland and India yesterday signed a 10-year agreement on economic, Industrial and technical co-operation and an air services agreement. The agreements were signed here in the presence of Prime Minister Mrs Indira Oandhl and the visiting Polish Communist Party leader Edward Olerek. Air IndiaReuter - 71 words
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203 1977-01-27 3 Reuter TOKYO, Wed. A Japanese steel industry mission to Australia next month Is expected to ask Australian coal and Iron ore producers to freeze prices of their supplies to Japan this year, or at least to keep any price rises to aReuter - 203 words
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Article86 1977-01-27 3 Reuter WASHINGTON, Wed. The International Monetary Fund and World Bank have not yet decided where to hold their annual meeting in 1979, a spokesman for the IMF said today. Asked about reports that the meeting would be held in Yugoslavia, the spokesman said the selection ofReuter - 86 words
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Article40 1977-01-27 3 Reuter TOKYO, Wed. Japan will start making contributions totalling US$79O million to the International Development Association durlngthe three years starting 1977 If advanced Industrial countries agree to contribute a total of US$7.2 billion Japanese government sources said. Reuter.Reuter - 40 words
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Article, Illustration285 1977-01-27 3 AP GAINESVILLE. (Florida), Wed. From Florida oranges to Florida tomatoes, American consumers will have to pay more after last week's freeze destroyed nearly all the state's winter vegetables and almost half its citrus crop for losses exceeding UBI2SO million. As damage estimates mounted onAP - 285 words
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401 1977-01-27 3 BUENOS AIRES. Wed. Argentina's car production and sales declined in 1976 for the second straight year because of a recession, strikes by car workers, guerilla violence and economic problems in Cuba, the industry's main export customer. The Argentine Automakers Association issued its annual401 words
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210 1977-01-27 3 AP Reuter NEW YORK, Wed. Textile product imports to the United States rose 41 per cent in the first 11 months of 1976 from the same 1975 Grlod the American Textile anufacturers Institute said, citing US Commerce Department figures. Textile Imports of cotton, woolAP; Reuter - 210 words
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883 1977-01-27 3 KENNETH FREED - By KENNETH FREED AP THE State Department Is near completion of agreements that will bring 20 per cent of the world's fish under United States Jurisdiction and possibly affect American diplomatic relations with key allies. For the past several months, American negotiatorsAP - 883 words
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Page 2 Advertisements
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Advertisement371 1977-01-27 2 The first new idea in encyclopaedias in over 200years-Britannka 3 Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. (see below) That's what makes it the most useable reference work ever developed. That's why Britannica 3371 words
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Page 2 Miscellaneous
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Miscellaneous362 1977-01-27 2 WEATHER report for 24 hours prior to 7.30 p.m. on Jan 26 at Singapore airport. Maximum temperature 31.5 C Associated humidity 57 Minimum temperature 22.3° C Associated humidity 94 Hours of sunshine II.(Ml Rainfall in millimetres nil Total rainfall for the month 5H.4 Total rainy days for the month ,7362 words
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Page 3 Advertisements
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Advertisement70 1977-01-27 3 V.O.Canodian. VMre something different. Don t expect V.O. to taste like Scotch. It isn't Scotch. V.O. Canadian is a little smoother and lighter than what you usually order. Once you order it, it just might become your usual. Canadian < i Another fine product brought to yoU by: TOOCI D6V6TOQO70 words
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Advertisement272 1977-01-27 3 m i 4 Triple your penmanship power with the new G FOUNTAIN PEN New plastic tip.Now, the steel ball is encased in a plastic tip. And the ink is soluble. Result is more smooth and clear writing you won't find in ball point pens only in the Pentel write with272 words
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COMPANY NEWS
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492 1977-01-27 4 THE profit Improvement at Yeo Hlap Seng (Malaysia) continued strongly into the ;econd half of the year ended Sept 30, 1976, to push the total profit 39.9 per cent higher at M 51.69 million. With the first half-year profit rising by 25 per cent,492 words
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Article69 1977-01-27 4 Mr. Sim See Kee and Mr. Matthew Yoong Chong Seng have been appointed directors of Malaysia Rice. Mr. C.L. Teo and Mr. C.Q. Teo have been appointed as alternate directors to Mr. Teo Soo Chuan and Mr. Teo Soo Huat respectively. Mr. Kwek Leng Kee was appointed69 words
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COMPANY MEETINGS
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Article27 1977-01-27 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 1977-01-27 4 Jan 29. 11 a.m., 31 Jalan Rlong, Kuala Lumpur.16 words
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Article19 1977-01-27 4 Jan 30. 11 a m., Regis- tered Office. No. 6-2 Jalan Ratimafc. Batu Pahat, Johore.19 words
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Article17 1977-01-27 4 Jan 31. 11 a.m., at the Hotel Merlin. Jalan Sultan Ismail. Kuala Lumpur.17 words
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Article22 1977-01-27 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 1977-01-27 4 Feb 12, 11 a.m.. No. 6 Tambun Road, Ipoh.15 words
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LATEST RESULTS
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Article33 1977-01-27 4 PERAK CARBIDE CORPORATION Unaudited pre-tax loss M 5210,491 ($235,728) for the first six months ended Nov 30, 1976. Turnover $2.78 million ($3.10 million) Tax $1,000 ($10,000) leaving after-tax profit $211,491 ($245,728).33 words
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Article27 1977-01-27 4 ADHESIVE TAPE INCORPORATED (M) Unaudited net loss M 538.462 ($503,269) on turnover of $2.23 million ($1.77 million) for the first half-year ended Nov 30. 1976.27 words
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Article40 1977-01-27 4 MEGA CHEMICALS Unaudited group pre-tax loss M 5171.940 ($157,000) on sales of $1.25 million ($1.67 million) for the first six months ended Oct 31, 1976. Parent company pre-tax loss $207,061 ($130,000) on sales of $1.04 million ($1.63 million).40 words
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Article230 1977-01-27 4 Current Ex Date Total for Total for payment Date payable the year previous year M.Glass 6%TE Dec 29 Jan 28 6%TE NIL Inch Kenneth 10%+ Jan 5 Jan 28 10%+ 18.6% N.S. Times 25% Jan 7 Jan 31 40% 25% George Town 5%+ Jan 17 Jan 31 5%+230 words
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328 1977-01-27 4 FOR the first half-year ended Oct 31, 1976 Lower Perak Tin Dredging has turned in a pre-tax profit of M 5577.616 compared with $453,981 previously. The increase of 24 per cent in the company's interim profit was mainly due to the higher tin price328 words
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Article51 1977-01-27 4 NEW YORK, Wed. American Brands Inc has increased the quarterly dividend to 73 US cents a share from 70 cents, payable on March 1 to shareholders registered on Feb 4. It said the action boosts the annual dividend rate to $2.92 a share from the $2.80 paid in51 words
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129 1977-01-27 4 ROME, Wed. Italy's two largest publicly owned corporations. Istltuto Per La Ricostruzione Industriale (Iri) and Ente Nazzonale Idprocarburi (Eni) announced net consolidated losses for 1975 totalling nearly 570 billion lire, nearly nine times higher than in 1974. Iri announced a loss of 447 billion lire129 words
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68 1977-01-27 4 FFB Oil Kernel Tons Tons Tons Austral Enterprise 689.00 132.00 Benta Plantations 3,189.00 638.00 128.00 Castlefield 75.34 15.07 Consolidated Plantations 32,265.00 6,453.00 1,291.00 Golden Hope 3,476.72 715.22 Guthrie Ropel 1,148.00 291.00 Inch Kenneth Kajang 14.99 3.88 Kempas(M) 3,370.00 674.00 135.00 Kuala Selangor 40.37 6.6468 words
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Article15 1977-01-27 4 Copra Cocoa Tons Tons Golden Hope 508.33 270.09 Pataling 1.5015 words
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870 1977-01-27 4 NYT NEW YORK. Wed. The nation's energy companies those that supply its gas and oil and generate its electricity are expected to earn millions of dollars in additional profits as a result of cold-induced high demand, for their products, according to WallNYT - 870 words
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Article159 1977-01-27 4 Reuter DETROIT, Wed. American Motors Corp said fiscal 1977 first quarter profits represented a substantial improvement from the losses reported in the fourth quarter of 1976. The company said the US$l.2 million profit recorded in the first quarter resulted from a continuation of cost reduction actionsReuter - 159 words
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Article57 1977-01-27 4 ST. THERESE, Que. Wed. General Motors of Canada said Its Ste Therese, Quebec, plant will be closed one week beginning Feb 21. The company said the plant will be closed to balance dealer inventories across North America. The Ste Therese plant makes GM's Chevrolet Monza. Pontlac57 words
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Briefly
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Article86 1977-01-27 4 PARIS. Wed. Regie Natlonale des Usines Renault said it laid off 900 workers at its Blllancourt assembly plant near Paris following a strike by several workers on part of Its production line. The unions said workloads on part of the car body assembly line are intolerable and they86 words
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Article27 1977-01-27 4 WASHINGTON, Wed. The Supreme Court declined to block the US district court from proceeding to trial in the Government's anti-trust suit against American Telephone and Telegraph.27 words
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Article108 1977-01-27 4 LONDON. Wed. A British Leyland spokesman said the company has no comment to make on a UK press report that capital spending on its new small car may reach £220 million, instead of the £170 million first budgeted. The new car is scheduled to be launched in the108 words
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Article84 1977-01-27 4 NEW YORK. Wed. On a sales rise of 6.7 per cent to U*****.3 million ($470.6 million), Pfizer has achieved a 31.4 per cent Jump in net profit to $44.3 million ($33.7 mil-lton) In the fourth quarter of last year. This raised the full year profit to $159.9 million from84 words
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Article57 1977-01-27 4 TOKYO, Wed. Kawasaki Heavy Industries said it is considering setting up a subsidiary in Europe before long to expand its overseas sales network for shipbuilding, machinery and motorcycles. It last year established a sales subsidiary In Hongkong besides 12 representative offices abroad including New York, London, Dusseldorf, Oslo, Sao57 words
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Article27 1977-01-27 4 ARMONK, N.Y., Wed. International Business Machines has increased the quarterly cash dividend to US$2.5O from $2.25, payable on March 10 to shareholders registered on Feb 9.27 words
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Article90 1977-01-27 4 BARTLESVILLE, Okla, Wed. Phillips Petroleum said it has a 22.5 per cent interest in an expiatory well drilled In Nigeria which tested at 6,243 barrels of oil and 300,000 cubic metres of gas daily. The discovery well, OML--63, is about 40 km northwest of the Tebldaba field. Further90 words
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Article51 1977-01-27 4 NEW YORK, Wed. American Airlines has enjoyed a big turnround last year with net profit of US$56 million compared with a loss of $22.4 million previously. Operating costs rose to $1.9 billion from $1.7 billion while revenue came to $2 billion ($1.7 billion). The comparative figures have been51 words
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Article131 1977-01-27 4 PARIS, Wed. General Electric Corp of the US is considering taking over the stakes held by International Telephone and Telegraph (ITT), Philips Gloellampenfabrieken and Thomson Brandt in the French electrical and lighting firm Ste Claude, a spokesman for Cle Generale de Constructions Telephonlques (CGCT) said. The spokesman131 words
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Article55 1977-01-27 4 SYDNEY, Wed. Philips Industries Holdings and General Credits are making promissory note issues of Ass million each while Esso Australia is making a $2 million issue, securities sources said. They said the issues, all in denominations of $100,000 and with maturities of 180 days, are the first ever55 words
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Article44 1977-01-27 4 HONGKONG. Wed. Jardine, Matheson and Co said its UK subsidiary Matheson and Co is setting up Howe Matheson Tankers to expand the group's tanker broking activities. The Jardines group already has three ship broking companies in London, all members of the Baltic exchange.44 words
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Article45 1977-01-27 4 BRISBANE, Wed. Unaudited net earnings at MIM Holdings more than doubled to A 519.4 million from $9.3 million in the 24 weeks ended Dec 19, 1976. With the big profit Jump. MIM has doubled the interim dividend to three cents, payable on April 4.45 words
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Article168 1977-01-27 4 Reuter NEW YORK, Wed. All the major categories of Merrill Lynch's operations closed 1976 on the upswing raising net earnings for the year to U*****.61 million from $95 69 million in 1975. Net earnings per share, accordingly, Jumped to $3.01 from $2.69 previously. Revenue rose fromReuter - 168 words
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Article98 1977-01-27 4 Reuter HOUSTON, Wed. Pennzoil said the K/13-5 wildcat well on Block K/13 In the Dutch North Sea flowed up to one million cubic metres of gas per day through various choke sizes. The company said the well Is located about two km north-east of the Noordwlnnlng "A"Reuter - 98 words
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Article411 1977-01-27 4 Reuter NEW YORK, Wed. After declining 3.8 per cent in the third quarter, Exxon recovered in the last three months of 1976, with a 6.9 G»r cent gain in net profit to Ss6Bo million ($636 million). This helped the full year profit to show an IncreaseReuter - 411 words
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Article231 1977-01-27 4 Reuter LONDON, Wed. UK Energy Secretary Tony Benn told Parliament that Texaco North Sea UK has signed a memorandum of principles on Government participation In Its North Sea oil licences. Definitive agreements should be completed by April 30. he said. The deal with Texaco, whose Interests IncludeReuter - 231 words
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Article196 1977-01-27 4 Reuter TOKYO. Wed. An Increasing number of Japanese companies have turned to lending from borrowing in the local capital market, especially the Gen-Sakl market for short-term Investments of their excess liquidity, Nomura Securities said. This is because their liquid funds on hand have increased owingReuter - 196 words
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Article114 1977-01-27 4 NEW YORK, Wed. The decline at US Steel accelerated in the fourth quarter of last year, with net profit plunging 28 per cent to US$BO.5 million ($111.6 million) despite a 3.5 per cent rise in sales to $2.04 billion ($1.97 billion). This followed a 17.8 per114 words
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441 1977-01-27 4 NYT NEW YORK, Wed.. Among the nation's largest corporations If the chief executive's salary is known a good guess can be made about the salaries of the second and third ranking executives. That is one finding of a survey by the Conference Board,NYT - 441 words
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Article355 1977-01-27 4 NEW YORK, Wed. Despite a five per cent decline In earnings in the fourth quarter, Standard Oil (Indiana) has reported that net 1976 earnings advanced to US$B93 million or $6.09 per share from $787 million or $5.36 per share In 1975. The rise of 13.5 per355 words
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Article179 1977-01-27 4 Reuter NEW YORK. Wed. H.J. Heinz net earnings In the current year ending April 30, 1977 could be reduced by US$lO to $12 million from foreign currency translations, vice-chairman R. Burt Gookln told analysts. The company late In 1976 had estimated the same projectedReuter - 179 words
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Article1069 1977-01-27 4 On January 25 PRICES on the-Chicago Board Options Exchange were mostly lower on Tuesday, as declines led advances, 318 to 169. Volume approximated 93,871 contracts, compared with 85.915 contracts on Monday. OPTION APL JLY OCT STOCK Alcoa 50 6 UNTRD UNTRD 55 3/4 Alcoa 60 1 2 121,069 words
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Advertisement417 1977-01-27 5 ■■i ;«w£»Jr^ik "E Sk/XWV. "*J? s *1 :cf JSKi JSii SINGAPORE v, MC(P) 162/1/77 VOL.I NO.l JANUARY 1977 PRICE:S3.OO ar- vjem Inside: INDEX 1975 —1976 MANUFACTURING Women's fashions Apparel and electronics Garment Industry Ulu Pandan's water TRADE Rubber COMMUNICATIONS MRT project TOURISM Regional cruises INTERVIEWS James By water and Boon417 words
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Article2041 1977-01-27 6 1*7%m High Low Lid Company Sole +orO'i dhr Dtv c'rr Gr'i Net y'ld P/E Vel COM) Day High Low 8ECTION ONE INDUSTRIALS 175* 206 100 237 186 402 204 248 460 137 133 172 60 185 66 254 149 172 388 39 Acma Alcom Allied Choc Bata2,041 words
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Article1095 1977-01-27 6 BID and offer price* officially Hated and business In and reported to the Stock Exchange 3t Singapore yesterday with the number of shares traded shown in brackets in lots of 1000 units unless otherwise specified. All rime Settlement Contracts are auoted after the word "Sett." Big Board1,095 words
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Article1052 1977-01-27 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. IMDUBTRIAU Aim (1.428). A. Tap* (0.38B) <1) 0.40. AjllWHMt* (IMB 2 008)1,052 words
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Article149 1977-01-27 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' pricca far Ja >27) (Currart prices 1 The Commerce 1.78 1.86 INCOME BOND 1 08 1.1S The Saving Fund 0.96 1.01 S pore Prog. Fund 0.81 OH MARA BUMIPUTRA FUND S pore Security Fund 1.33 1.40 (Ma naters price* for Jaa149 words
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Article151 1977-01-27 6 B O T 8 1/2% 1981 (100,000) (1038 103 SS) D B 8 8 1/2% 1982 (100,000) (1008 100SS) DBS Converts C 1/2% 1991 (100,000) (96*«8 97ViS) E I B 9% 1982 (100,000) (102*>B 103*S) E I B 8 1/4% 1983 (100.000) <99 T /*B 100HS) I B151 words
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Article97 1977-01-27 6 5 1/2% 15/4/78 (1.000.000) (101.608 101.70S) 5 1/4% 15/7/78 (1,000,000) (101 408 101.555) 7% 1/7/79 (1,000.000) (104.808 104.905) 5 1/4% 15/10/79 (100,000) (100.958 101 12S) 6 3/4% 15/6/80 (1,000,000) (103.05B) 6 3/4% 1/12/80 (1,000.000) (102 958) 5% T F 15/4/81 (1,000,000) (101.458 101 555) 5% T F97 words
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Page 6 Advertisements
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Advertisement137 1977-01-27 6 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: IN. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modern Business Enterprise: M. Gilbert Corporation Man: A.137 words
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Article458 1977-01-27 7 VERY quiet condition* per- j aisted at the Stock Exchange of Singapore yesterday as j operators continued to show a general disinclination to deal. As such the volume i was considerably reduced. i There was a distinct lack < of speculative interest as the wait-and-see attitude458 words
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Article497 1977-01-27 7 TRADING continued to rule featureless, with prices hovering around overnight levels at the Kuala Lumpur stock market yesterday. Volume was on the low side, reflecting the non-com-mittal attitude of buyers and sellers, speculative Interest was also reduced to the minimum due to the lack of497 words
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Article139 1977-01-27 7 Reuter MELBOURNE, Wed. BH South expects to resume paying dividends in September, It said in a circular to shareholders concerning its current four-for-five rights issue to raise A 519.75 million. The company last paid dividends of 13 cents a share in 1974. BH South said, however.Reuter - 139 words
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WALL STREET AND OTHERS OVERSEAS MARKETS
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Article1185 1977-01-27 7 NEW YORK: Stocks scored a moderate gain on Tuesday, helped by strong mid-January sales of new automobiles and word that the Carter administration plans to raise the Investment tax credit for business. Market sentiment also seemed to get a lift from a White House announcement that Carter plans1,185 words
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Article316 1977-01-27 7 AMSTERDAM: The market closed slightly lower on balance In quiet trading on Tuesday, despite the firmer trend among Dutch Internationals, dealers said. News that Dutch unions are preparing for Industrial action following the break down of wage negotiations depressed shares. Royal Dutch rose 1.90 while Akio rose 0.90. Insurances316 words
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Article291 1977-01-27 7 ZURICH: The market was generally narrowly mixed on the lack of new Incentives on Tuesday, dealers said. Small gains and losses were about equal among banks. Actively traded Bally shares featured little changed flnanclals. with Bally bearer easing slightly and its registered stock closing steady. Interfood B' edged lower291 words
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Article414 1977-01-27 7 JOHANNESBURG: Gold shares were easier on Tuesday despite higher European bullion Indications in a market that continued to be dominated by political factors and the IMF auction, dealers said. Financial minings were easier with Johnnie* 75 cents off at 2425, 15 cents off the bottom. De Beers was 10414 words
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Article333 1977-01-27 7 FRANKFURT: Shares closed mixed with a slightly lower bias In light trading on Tuesday, partly Initiated by bond market weakness, dealers said. Most leading shares moved less than one mark either side Among electrlcals Siemens fell 1.30 VW rose by 1.50. In the utility sector RWE rose 2.50 and333 words
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Article359 1977-01-27 7 TORONTO: Share prices pulled back slightly from afternoon highs, but the composite Index still registered a 4.1 point advance at the close of active trading on Tuesday. Sharp Increases among the metals and oils paced the advance. Falconbridge Nickel climbed 11/2 to 36. Cominco one to 361/2. Noranda a359 words
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Article386 1977-01-27 7 PARIS: The market was generally firmer on Tuesday, dealers said. Banks rose, led up by Cetetem, and investments and automobiles also gained ground. Construction, rubbers and engineerings were slightly hljmer. Stores and electrlcals eased, in the wake of declines by BHV, Lafayette and CBF, though Leroy-Soiner was firmer. Oils386 words
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Article432 1977-01-27 7 SYDNEY: Selective buying support dominated several sectors on Wednesday dealers said. The Sydney All-Ordinaries index rote 0.70 point to close at 438.89. CSR rose seven cents to $3.62, ICI six cents to 1.72 and The Walea and ANZ Bank five cents each. Bougainville, Utah, Oakbridge, Weodside-Burmah. Renisoa and Tooheys432 words
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Article163 1977-01-27 7 BRUSSELS: The market was quietly mixed In thin trading on Tuesday, dealers said. Societe Generate rose despite the lower dividend announced on Monday. Other local Issues to rise Included Traction, Vieille Montague, Cockerill, Solvay. and Teasenderloo. Clabeco, WagonsLiu and Tabacofina fell. French and most US issues gained. German stocks163 words
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Article129 1977-01-27 7 MILAN: Prices in most sections moved irregularly lower on Tuesday dealers said. Main exceptions to the lower trend were Pirelli Spa, Snia Viacoaa, Olivetti Ord and La Central*. JAN 25 Lire 47Anlc 421 -4 Assoc Gen ***** -410 Bastogi 847 -23 Centrale #700 ♦5 Flat 1945 -15 Flnslder 20«129 words
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Article409 1977-01-27 7 HONGKONG: Share prices eased further in very quiet trading on Wednesday, with little buying Interest shown and some small board lot selling enough to move the market downwards, dealers said. The Hang Seng index fell 0.51 point to close at 438.01. Second line Issues were weakest. Hongkong Baak, Hongkong409 words
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Article155 1977-01-27 7 MANILA: The market closed mixed In thinner turnover on Wednesday as commercial led fractional gains, with mines mixed and oils lower, dealers said. Losses exceeded gains 21 to 16, with 21 Issues unchanged. Mining leaders, except Lepanto which advanced by half a point, weakened due to a slight retreat155 words
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Article78 1977-01-27 7 JAN 26 Bahts 123 Bangkok Bank 243 Bangkok Invest 147 -1 Bangkok-Metro-politan Bank Bata Berll Jucker Charoong Thai Wire Dumex DusltThanl Faber Merlin First Trust Indo-Thal 162 +1 J And J Ho 190 Jalaprathan unch Cement M Karnasuta 378 -3 Lee K want Mtn Met*l Box 4.958 Rama Towers78 words
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Article514 1977-01-27 7 TOKYO: The market recovered on fresh buying In some blue chips and speculative shares on Wednesday, dealers said. The Dow Jones average gained 28.45 to close at 5,073.00 with volume 280 million shares The New Index closed at 382.84, up 1.57. Speculatlves and spot-tra-dlng shares firms In early trading514 words
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Article64 1977-01-27 7 FINANCIAL TIMES INDUSTRIALS Tuesday 377.7 Monday 377.8 Week ago 381.1 DOW JONES AVERAGE INDUSTRIALS Tuesday 965 92 Monday 963.60 Week ago 962 43 LONDON DOLLAR PREMIUM Tuesday 101W to 102* Monday 106 W to 107* H.K. HANG SENG Tuesday 438.52 Monday 441.12 Week ago 438.74 SYDNEY INDUSTRIALS Tuesday 359.7664 words
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Page 7 Advertisements
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Advertisement347 1977-01-27 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 quite unlike the type that merely appeals to347 words
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COMMODITY REPORTS AND PRICES
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Article677 1977-01-27 8 LITTLE business was done In the Singapore rubber 1 market, with the market 1 very subdued throughout i yesterday morning. Opening quotations were marked down about one cent, following lower London advices. Levels were little changed until mid-day when a mild rally emerged on fresh speculative buying and677 words
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Article116 1977-01-27 8 DAILY SSR and SMR prices at noon yesterday: Fab. Mar. R.A.S. (Curmit Mth) (For ■ward Mth) Buyers (cent Sellers Buyers Sellers perk®) (cei its per kg) SSR 20 (1-ton Pallet) ISO 00 191 00N 191 50 192 50N SSR 50 (1-ton Pallet) 187.50 188 50N 189 00116 words
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Article165 1977-01-27 8 THE Straits tin price in Penang yesterday was down $7 to $1,476 on an official offering down 57 tonnes to 227 tonnes. In LONDON yesterday, tin lost around £42 per tonne for Cash and £36 for Three Months standard at the mid-day closing. High grade was £41 and165 words
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Article30 1977-01-27 8 Rubber: Jan 26 Singapore: Feb. 203.25 cts (down 1.50 cts.) Malaysia: Feb. 208.25 cts (down 1.00 ct) Tin: $1,476.00 (down $7.00) Official offering: 227 tonnes (down 57 tonnes)30 words
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Article86 1977-01-27 8 LONDON, Wed. Lead fell by £3 per tonne for Cash and £2.25 for Three Months. Values lost marginal ground under scattered liquidation prompted by the nervousness in copper and tin but found covering support around the lower levels. Three Months sagged to $346 per tonne In the premarket but86 words
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Article61 1977-01-27 8 LONDON, Wed. Zinc declined by £2.25 per tonne for Cash and £2.75 for Three Months. The general trend in base metals was also reflected here. Lightweight liquidation and hedge selling took Three Months down to £426 per tonne before shortcovering emerged and steadied values. On Tuesday afternoon, zinc finished61 words
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Article118 1977-01-27 8 THE following Palm Oil prices were quoted In London on Tuesday. The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated TutmUV Pre*. Malaysia 5* ita bulk 460 Sir Mch/Apl 470 sir Sumatra 5% 470 sir Jan 477.50 sir Feb 477 50118 words
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Article289 1977-01-27 8 CHINESE PRODUCE EXCHANCE. SINGAPORE NOON CLOSING PRICES PER PICLL YESTERDAY. Coconut Oil Bulk $83 sellers, old drum SBB sellers, new drum $93 sellers. Copra: Mixed (loose) UK/Cont. $53 buyers. Pepper Muntok ASTA white f.o.b 100% NLW $342 1/2 sellers Sarawak white f ob 96% NLW $322 1/2 sellers,289 words
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Article385 1977-01-27 8 IN the Singapore gold market yesterday, the kllobar was initially quoted at 5510,670 and was traded down to $10,630 at the close. Following the firmer trend in overseas gold markets, the loco London gold opened at U*****.00/ 134.40 and closed at $133.40/ 133.80 on late profit-taking. The London morning385 words
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Article304 1977-01-27 8 LONDON. Wed. Copper wirebars lost £4 per tonne for Cash and £3.50 for Three Months. Prices fell back on the pre-market under nervous liquidation prompted by the easy New York close and further erratic movements In tin, dealers said. Three Months traded down to £861 per tonne but picked304 words
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Article62 1977-01-27 8 THE Malaysian Minister of Finance has fixed these rates for the period from Jan 27. until further notice: Rubber 96'* ton a lb. Copra $840 a ton Palm kernel $235.25 a ton The rate of duties payable are: Rubber 12*« cts. a lb. (Surcharge 6'» cts. a lb)62 words
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Article300 1977-01-27 8 LONDON, Wed. Robusta futures traded within a narrow range at the opening call reflecting New York's steady close. Good two-way trading developed, featuring commission and trade houses. Values at end-call were £4 to £20 per tonne up from Tuesday night. May gained £12 to trade at a high of300 words
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Article128 1977-01-27 8 CHICAGO, Tues. Wheat futures finished a lighttraded session, with prices 2Vi to Vi cents a bushel lower. Light commercial selling added to the pressure of speculative selling prompted by easier soybean futures to move prices lower. However, pressure eased after prices steadied in other pits. Trading interest was thin128 words
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Article212 1977-01-27 8 BANGKOK. Wed. Indicative prices for rice quoted in Bangkok yesterday were: US dollars per tonne fob basis Bangkok In HONGKONG, the market was guiet, with prices unquoted. The day's turnover totalled 283 tons, comprising Thais 97 tons, Kwuigtungs 128 tons and Australias 58 tons. White Rice 100 per cent212 words
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MONEY AND EXCHANGES
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Article615 1977-01-27 8 SINGAPORE'S local money market held on to expected levels yesterday, with overnight rates remaining generally unchanged from the previous day, and rates in the short dates firming generally. Opening at the 3 1 per cent level, overnight funds soon came under bidding pressure during the early morning session so615 words
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Article51 1977-01-27 8 RANGE of prices offered by dls count houses on Jan 26 Overnight 3% Call deposit 3% Ootinf Bu> Selling 3-month Treasurv bills 3 1/16 2 15/16 3-Month Bank bills 4 3/1# 4 1/16 3-Month CD 4 1/2 4 5/16 6-Month CD 4 11/16 4 »/16 Source. National Discounts51 words
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Article174 1977-01-27 8 Asian rate ASIAN currency deposit interbank rates as at close on Jan 26 US Dollar* l Spot) Offer Bid 7 days 4 13/18 4 11/16 1 mth 4 11/18 4 9/18 2 mths ..4 7/8 4 3/4 3 mths S 3/16 5 1/1« 6 mths -.5 3/4 5 5/8 9174 words
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Article41 1977-01-27 8 "THE Monetary Authority of Singapore (MAS) Invites panics and discount houses to tender for $30 million 91day Treasury Bills to be Is- sued from Jan 31 to Feb 4, 1977. Each Tender must not be less than $250,000.41 words
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Article60 1977-01-27 8 Minimum lending rates (in ACBC First Chicago 6*« Algemene Bank 6\ Citibank 6*. Bangkok Bank .7* HSBC 7 Bank of America Indosuez 6* Bank of China ..7 Malayan Banking 6*. Bank of Tokyo 6*. Mitsui Bank 6*. Bank Negara OCBC 6*i Indonesia 7W OUB 6*» Chartered Bank 6*. UCB 760 words
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Article250 1977-01-27 8 LONDON. Wed. The dollar was again in demand when the European markets opened, advancing against the mark and Swiss franc, while sterling held very steady, dealers said. The Bank of England was detected holding sterling right from the start of trading at the $1.7195 level, unchanged on the overnight.250 words
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Article172 1977-01-27 8 NEW YORK. Tues The dollar closed stronger than Monday, but below Its opening highs, amid continuing demand for sterling, dealers said. The dollar Is benefitting from sterling purchases by operators switching through the US currency and from firmer US short term interest rates and optimism over the economy.172 words
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Article186 1977-01-27 8 TOKYO, Wed. The yen gained ground against the US dollar, following the rise in the Japanese currency abroad and an inflow of dollars into Japan, dealers said. The dollar for overnight delivery closed at 288.55 yen after declining to 288.20 at one stage from 288.80 yen at the opening186 words
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Article146 1977-01-27 8 HONGKONG, Wed The US dollar rose to a late HK54.6680/ 90 In quiet trading from today's opening $4.6660/ 6700 and the overnight $4.6630/ 60. dealers said. The US unit also rose to 2.5230/50 Swiss francs from 2.5202/ 14 In New York and to 2.4280/90 marks from the New York146 words
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Article143 1977-01-27 8 Euro rates LONDON. Wed. Most period Eurodollar deposits opened lower, reflecting the Friday dealings technicality. while longer positions and shorts were unchanged. dealers said. A lack of general Interest coupled with a light rollover calendar scheduled for today made for fairly slack conditions, dealers said. Funds tended to come in143 words
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Article47 1977-01-27 8 AUSTRALIA/NZ exchanges quoted on Jan 26 Australia: Sterling 0.6360/0.6292 US dollar 1.0896/1.0848 Ninety-day air mail buying rates: Sterling 0.6649 US dollars 1.1156 Ninety-day forward buying rates: Sterling 0.6511 US dollars 1.0949 New Zealand: Sterling 0.5541/0.5511 US dollar 0.9576/0.9476 Ninety-day forward rate: Sterling 0.5873 US dollar 0.976147 words
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Article51 1977-01-27 8 ZURICH exchanges closing quotes on Jan 25 US 2.5305-5320 UK 4.3590-3620 CAN 2.4945-4970 W Germ 103.96-104.10 Neth 99.39-53 France 50.71-76 Belg 6.78-79- *4 Denm 42.34 39 Norw 47.20 -25 Swed 59.09 15 Italy 0.2872 2875 Austria 14.60 65 Port 7.81-84 Spain 3.66-^-67 l /k Arg 0.85 1.00 Japan 0.87Vt51 words
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Article33 1977-01-27 8 FRANKFURT exchanges opening quotes on Jan 26 US 2.4310/25 2.4340/50) Can 2.3985/4005 UK 4.180/195 Neth 95.45/60 Swltz 96.15/30 Italy 2.750/765 France 48.75/90 Norw 45.15/25 Belg com 6.510/525 Belg fin 6.50/51 Japan 0.8410/3033 words
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Article292 1977-01-27 8 LONDON. Wed. Straight bonds were steady in very quiet trading, dealers said. Floating rate loan notes tended generally lower but with a firm undertone. Dealers said issues below par are meeting heavy demand, particularly for better named bank Issues. Prices have bottomed out and are now at more292 words
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Article181 1977-01-27 8 LONDON, Wed. Silver showed losses of 2.2 to 2.7 pence per troy ounce, values eased in the premarket, following the late overnight dip at New York and lower gold this morning, dealers said. The market held steady at the lower levels In ring trading as the modest volume of181 words
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Article332 1977-01-27 8 LONDON, Wed. Terminal sugar established first call gains from Tuesday night of £2.80 (near Mch at £133.15) to £1.95 per tonne and later hardened further although In relatively thin dealings. Market sources said the rise followed from a modest overnight kerb advance, although the market appeared to be moving332 words
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Article121 1977-01-27 8 CHICAGO, Tues. Soybean futures posted losses of IV 4 po 6V, cents a bushel at the close on a fair trading volume. Carryover buying interest from Monday's advance was quickly absorbed at the opening after reports of Increased farmer selling. The appearance of professional and commercial selling brought increased121 words
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Page 8 Advertisements
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Advertisement142 1977-01-27 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business limes 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)142 words
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TRANSPORT AND COMMUNICATIONS
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486 1977-01-27 9 MICHAEL DONNE - By MICHAEL DONNE Financial Times LONDON, Wed. More talks on the possibility of European airlines dropping sterling as a base-currency for calculating fares are to be held In Cannes on February 8. The same airlines are meeting in Geneva this week to considerFinancial Times - 486 words
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102 1977-01-27 9 UPI SEOUL, Wed. The Korean Airlines (KAL) will purchase four airplanes from the United States and France in the first half of the year, a KAL spokesman said today. The planes, a Boeing 707 and 747, and a DC 10 from the USUPI - 102 words
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Article, Illustration841 1977-01-27 9 DAVID LASCELLES - In December 1975, the Russian version of the Concorde, code-named Tu-144, stole a march over its Anglo-French rivals. It beat the Concorde into regular service with a twice-weekly cargo run between Moscow and Alma Ata. However, there is still no move to switch the troubled Tu-144 involved inFinancial Times - 841 words
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Article, Illustration300 1977-01-27 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Bajmak (0600 after Ruth Lykes) 8/9 Cherry Vilja (B. Barge) (after SPC 1) 48 Dong II (0600) 27/28 Dong Kwang (0900) 13/14 Golden Globe (0600) 35/36 Marchen Maersk (0600 after Zaankerk) 1/2 Nevada (RO/RO SHIP) (1600 must starboard to) 46/47 Palm Sea Horse300 words
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Article192 1977-01-27 9 AP LONDON, Wed. There was quickened activity In the Far East section of the London shipping freights market yesterday. Agents said there was a fairly full flow of time-charter business by the Japanese operator Nakamura and the Soviet Glenas Interests. Nakamura took three vessels, including the 27.035tonneAP - 192 words
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Article598 1977-01-27 9 ARRIVALS Service Local Operator Number Time From OA OA472 0200 8YD/MEL SAS SK988 0700 HLP MAS MH682 0810 KCH SLA SQ211 1010 HLP CPA CX710 1030 HLP OIA OA9SO 1030 HLP OLA QA908 1100 MES PAL PR501 1115 MNL RBA BI325 1155 BWN SIA SQ201 1200 HLP598 words
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Article373 1977-01-27 9 Washington Star WASHINGTON. Wed. The Federal Communications Commission has opened the door to a Buck Rogers type of communications by approving a plan by Satellite Business Systems (SBS) to construct and operate a domestic satellite system. SBS, a partnership owned by Comsat General, International Business MachineWashington Star - 373 words
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Page 9 Advertisements
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Advertisement194 1977-01-27 9 we* 1 r J MONTHLY ECONOMIC REPORTS With monthly politico! supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia.194 words
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Article, Illustration1914 1977-01-27 10 Peter Taylor - Sir Harold Wilson was appointed earlier this month to head an inquiry team to make a two-year study on the workings of British financial institutions. Today Peter Taylor looks at the men and institutions in London now under the Govt's microscope Peter Taylor Sunday TelegraphSunday Telegraph - 1,914 words
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Article, Illustration881 1977-01-27 10 SOH TIANG KENG - By SOH TIANG KENG SINGAPORE'S economy has succesfully ridden through the storms of the oil crisis and the worst world recession since the 1930'5. As a fast-expanding economy heavily dependent on world developments, It has demonstrated flexibility and resilience in meeting economic crisis.881 words
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Page 10 Advertisements
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Advertisement341 1977-01-27 10 from Penguin China the most populous nation in the world. Fast emerging as a major power in world politics. Isolated from the rest of the world for over two decades, world attention has nevertheless turned to this most enigmatic of nations time and again. Starting with Nixon, world leaders are341 words
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487 1977-01-27 11 Reuter TOKYO, Wed. Former Japanese Prime Minister Kakuel Tanaka goes on trial here tomorrow, accused of taking a US$l.6 million (553.9 million) bribe from the Lockheed Aircraft Corporation to facilitate the sale of TrlStar jets to Japanese airlines. If found guilty,Reuter - 487 words
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Article267 1977-01-27 11 Reuter TOKYO. Wed. The Government Intends introducing legislation as soon as possible to extend Japan's territorial waters from five to 19 km, the Cabinet office said today. An official spokesman said the decision, made today by a Cabinet committee, must be approved by theReuter - 267 words
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147 1977-01-27 11 AP JAKARTA. Wed. President Suharto received a delegation of five investors from Kuwait today to discuss possible Kuwaiti investments in Indonesia. Spokesman for the team, Mr. Mohammad Nasser AlSayed told reporters following the meeting that Kuwait investors intended to invest capital in woodAP - 147 words
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Article76 1977-01-27 11 Reuter FRANKFURT. Wed. The Iran power generation and transmission company Tavanir has been granted a credit of up to 1.5 billion marks (551.51 billion) to finance a thermal electric power station to be built by German companies. Dresdner Bank said in a statement. A bankReuter - 76 words
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Article116 1977-01-27 11 Reuter TOKYO, Wed. Japanese Prime Minister Takeo Fukuda said today the ruling Liberal Democratic Party (LDP) was now in a state of crisis and required immediate and drastic reform. Addressing the party's annual one-day convention in his capacity as LDP president. Mr. Fukuda said "itReuter - 116 words
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Article44 1977-01-27 11 AP JAKARTA. Wed. Iraqi Vice President Thaha Muhyddin Marouf concluded a three-day official visit to Indonesia todav. Iraqi Trade Minister Hikmat Ibrahim and Foreign Minister Adam Malik signed a trade agreement yesterday renewing an agreement between the two countries reached in 1960.AP - 44 words
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Article, Illustration1086 1977-01-27 11 THE market for accounts receivable financing is a vast and little tapped one. The only obstacle to its development is a lack of understanding local managers do not know they can convert their debts due into cash. This is where marketing comes1,086 words
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381 1977-01-27 11 AP WASHINGTON, Wed. Panama's Foreign Minister is under strict orders to negotiate a new Panama Canal treaty that will require total and final US withdrawal from the Canal zone within 23 years. Foreign Minister Aquilino Boyd and Secretary of State CyrusAP - 381 words
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376 1977-01-27 11 UPI HONGKONG, Wed. China has ended a national conference on coal, one of the nation's most troubled Industries, and set a 1977 production target estimated at more than a half billion tonnes. The 15-day conference also set "an inspiring longterm target" for production.UPI - 376 words
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404 1977-01-27 11 Reuter JAKARTA. Wed. Politicians seeking to stir up groundless fears of Indonesia in the Australian community were Ignorant of the facts and did their country a great disservice, a leading Australian Parliamentarian said here last night. Senator Peter Sim, chairman of the SenateReuter - 404 words
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Article190 1977-01-27 11 IPOH. Wed. Mentri Besar Tan Sri Haji Ghazali Jawi has appointed a "special investigator" to look into delays in the industrial and housing development in the state. He is Encik Hussein Anjang Pulau, the former secretary to the Mentri Besar. Encik Hussein will be directly190 words
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155 1977-01-27 11 Reuter CANBERRA, Wed. Price rises to offset cost Increases will be necessary for any further significant expansion of Australian iron ore production capacity, the Bureau of Mineral Resources said. Its latest quarterly review said because of cost factors expansion will favour existing operators.Reuter - 155 words
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Article64 1977-01-27 11 THE chairman and managing director of the Perkins Engines Group of UK. Mr. Peter Wright, will visit Singapore on Feb 1 to review the progress of the group's studies on diesel engine production with regard to the Asean project. Mr. Wright's visit will be his first64 words
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197 1977-01-27 11 BANGKOK. Wed. A member of Thailand's National Assembly said today he will propose a bill to free the assets of three military strongmen toppled from power and exiled In 1973. Of the three, two have returned to Thailand. Former Prime Minister Thanom Kittlkachorn entered197 words
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194 1977-01-27 11 AP MADRID, Wed. Thousand* of workers went on strike across Spain today to protest the slaying of five leftists. The walkoats slowed public transportation in Madrid and Bilbao but tbe capital's subway system operated normally for tbe morning rush hour. Hie strike wasAP - 194 words
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Article379 1977-01-27 11 UPI HONGKONG, Wed. The main thrust of Peking's America policy*' Is to block Soviet-American detente and buy time for China, according to remarks attributed to a high official of the Chinese Communist Party. To accomplish this, the official said, China must 'positively improve" relationsUPI - 379 words
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Article270 1977-01-27 11 UPI BERLIN, Wed. US VicePresident Walter Mondale, shaken by his first view of the communist wall dividing Berlin, today gave West Berliners President Carter's pledge to maintain their freedom, and work for the barrier's eventual disappearance. West Berlin Mayor Klaus Schuetz drove Mr Mondale to the wallUPI - 270 words
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Page 11 Advertisements
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Advertisement480 1977-01-27 11 APPOINTMENTS An Established French Manufacturing Company invites applications for the position of:PURCHASING MAN/USER THE JOB: Buying all materials supplies and equipments required by the Company, as well as planning, scheduling a<id controlling of material usage/movements for both our local and nfcwly established plant in Malacca. The job entails a thorough480 words
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Advertisement365 1977-01-27 11 MARKETING MANAGER A major manufacturer of foods and allied products seeks a Marketing Manager for one of its principal ranges of fast moving, branded products. The person selected for the job will probably be at least 33 years of age. He will have tertiary qualifications as well as several years365 words
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Article, Illustration1086 1977-01-27 12 MR Cho Jock Kim started his career in the publishing business, and he first came into the news in 1959 when, as Kuala Lumpur manager of Donald Moore Ltd, he left for a six-week tour of Lublishing houses in andon.1,086 words
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Article226 1977-01-27 12 Reuter KUALA LUMPUR. Wed. West Malaysian rubber production rose to 146,252 tonnes in November from 131,496 (revised) in October and 127,858 in November 1975. Statistics Department figures show. Exports in November fell to 134,135 tonnes (158.459 and 128.669) while imports rose to 5.579 (4,190Reuter - 226 words
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Article65 1977-01-27 12 AP JAKARTA, Wed. The Japanese Government has agreed to provide a grant of 102.6 million yen (S$861,000) to assist the development of agricultural research activities in Indonesia, the Department of Agriculture said today. A spokesman said the grant will be used by the central research instituteAP - 65 words
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Article90 1977-01-27 12 AN international firm of experts on the recycling of waste materials is to hold its first seminar in Asia at the Holiday Inn in Manila from May 16-18 and May 19-22 (2 cpcctons International Recycling AG will allow 200 delegates from Asian countries to attend three90 words
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Article114 1977-01-27 12 THE Department of Trade has planned seven symposiums, seminars and courses for 1977 to provide export promotion training. There will be a symposium on small industries in Singapore on March 17-18, and a seminar on export promotion of food and food products on April 4. They114 words
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Article57 1977-01-27 12 A TECHNICAL symposium on videotape its past, present and future will be held by 3M Singapore at Shangri-la Hotel next Tuesday. It will be conducted by Mr. John W. Overton, market development manager of 3M Company, and the main speaker will be Mr. Victor A. Mohrlant, manager57 words
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Article64 1977-01-27 12 THE Commonwealth Fund for Technical Cooperation has renewed its offer of specialist assistance to Commonwealth countries. Its Export Market Development Programme offers assistance in five broad areas. These are in national facilities to help exporters, market research for specific products, product adaptation for export, trade fairs64 words
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1335 1977-01-27 12 MR. CHO Jock Kim - QUESTIONS AND ANSWERS WITH CHO MR. CHO Jock Kim is fighting desperately against time to save hi» companies which have been placed in receivership by banks believed by him to be feeling "jittery" because of the criminal breach of trust cases he is1,335 words
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377 1977-01-27 12 INDIA is interested in developing more Joint ventures in Singapore, especially in priority sectors like electronics, metal-working, light engineering, plastics, glassware and cement. Mr. T.A. Pal, Indian Minister of Industry, speaking at the opening of Indee 77 the Indian Engineering exhibition at the National377 words
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581 1977-01-27 12 Reuter LONDON, Wed. A revolutionary report, already much leaked and bitterly attacked was published here today recommending that workers should have equal control with shareholders over the boards of Britain's large companies. The report goes considerably further than other systems of industrial democracy operatingReuter - 581 words
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Article104 1977-01-27 12 Reuter HONGKONG, Wed. Hongkong's visible trade deficit fell to HKSI.74 billion (SS9OS million in 1976 from 3.64 billion In 1975, provisional Census and Statistics Department figures show. Imports rose to $43.29 billion from 33.47 billion In 1975, while exports including re-exports rose to 41.56 billionReuter - 104 words
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153 1977-01-27 12 Reuter KUALA LUMPUR, Wed. A committee formed by the state-owned Petronas oil company and Exxon is studying work programmes submitted by Exxon to resume drilling off the east coast of West Malaysia and increase offshore production in East Malaysia, an Exxon official has said.Reuter - 153 words
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94 1977-01-27 12 Reuter SYDNEY, Wed. The Australian and New Zealand Governments will begin talks In Wellington tomorrow on the feasibility of forming a Joint container shipping line to serve the Gulr area. New Zealand Transport Ministry Secretary A.J. Healey said. Shipping sources said a joint ventureReuter - 94 words
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267 1977-01-27 12 THE Port of Singapore Authority (PSA) has taken the first step towards establishing a commercial bonded warehouses scheme in Singapore, by testing the reaction of various financial institutions here to such a scheme. The bonded idea was first mooted by Dr. Tony Tan,267 words
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97 1977-01-27 12 SINGAPORE will be participating for the first time in the Hanover Fair to be held from April 20 28 this year in Hanover, West Germany. The department of trade is inviting local manufacturers to participate. Interested parties may contact the department but they97 words
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Article42 1977-01-27 12 Reuter LONDON, Wed. More than 23 million passengers used London's main airport, Heathrow. In 1976, the British Airports Authority announced yesterday. This Is an increase of nearly two million passengers, or nine per cent, on the previous year. Reuter.Reuter - 42 words
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Article263 1977-01-27 12 Reuter PARIS, Wed President Valery Glscard D'Estalng said today that political disarray provoked by former Prime Minster Jacques Chirac would thrust France Into decline. The' President told a weekly Cabinet meeting that France's future was at stake In the growing coalition split over next month'sReuter - 263 words
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Article813 1977-01-27 12 LONDON, Wed The stock market closed firm after a moderately active session and at 3 p.m., the Financial Times Index was up 5.5 at 383.2. Government bonds were fairly active gaining up to S point In anticipation of a further big reduction in the Bank of England minimum813 words
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Advertisement206 1977-01-27 12 FOR SALE Following tugs and supply vessels are under construction and are for quick sale at low prices and early delivery 450 HP Single Screw Harbour Tug* 900 HP Single Screw Off-short Tug* 1200 HP Twin Screw Off-shore Tugs. 1800 HP Twin Screw Off-«hore Tug* 3200 HP Twin Screw Ocean206 words
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Advertisement168 1977-01-27 12 26th-31st Jan. 1977 National Stadium, Singapore The Cradle Of Civilisation Blossoms Rt m 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 exposition of the cream of modern168 words
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