The Business Times, 1 February 1977
1977-02-01
1
12
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The Business Times
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Title Section10 1977-02-01 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, FEBRUARY, 1, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article47 1977-02-01 1 Reuter JAKARTA, Mon. Singapore's Defence Minister Dr. Goh Keng Swee will make an unofficial visit to Indonesia, Defence Minister General Maraden Panggabean said today. A spokesman of the Singapore Embassy here said he had no knowledge of Dr. Goh's forthcoming visit to Indonesia.Reuter - 47 words
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Article37 1977-02-01 1 Reuter JAKARTA, Mon. The Indonesian government said today that steps towards normalising diplomatic relations with China should be conslderea but the time had not come for Indonesia to restore relations with Peking. ReuterReuter - 37 words
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Article57 1977-02-01 1 Reuter JAKARTA, Mon. Indonesia and Malaysia will step up their joint military operations against communist guerillas along the Borneo border, Defence Minister General Maraden Panggabean said today. The Indonesian-Malaysian border committee would hold Its annual meeting in Jogjakarta, central Java, on Feb 7 to discuss piansReuter - 57 words
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Article32 1977-02-01 1 KUALA LUMPUR, Mon. The Thai Foreign Minister Dr. Upadit Pancharlyangkun will make a three-day unofficial visit here from Thursday at the Invitation of his Malaysian counterpart Tengku Ahmad Rithauddeen.32 words
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Article52 1977-02-01 1 UPI NICOSIA, Mon. Oman has decided to raise its oil prices by nine per cent, the Middle East Economic Survey said today. The sultanate, the only substantial Middle East oil producer which is not a member of th£ Opec has imposed the price hike retroactive to Jan.UPI - 52 words
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Article53 1977-02-01 1 SHELL and Esso are believed to be the first two oil companies here to have Increased the prices of industrial fuel oil by an average of seven per cent, and petroleum products by more than five per cent, following the Opec price hike. A third, Caltex, is53 words
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Article45 1977-02-01 1 Reuter BANGKOK, Mon. Thailand's domestic aircarrier, Thai Airways, today announced it would temporarily stop Its four-weekly flights to Vientiane from next Wednesday. A company spokesman said the stoppage was due to some conflicts with the Laotian authorities, but gave no other details. Reuter.Reuter - 45 words
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Article26 1977-02-01 1 UPI COLCHESTER, (England). Mon. An explosion ripped through the 70,337 tonne Llberlanregistered tanker Exotic today and killed several crewmen, Lloyds Intelligence Service reported.UPI - 26 words
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Article32 1977-02-01 1 LONDON, Mon. The Stock market closed lower In reaction to profit-taking after the recent rise, and at 3 p.m. the Financial Times Index was down 11.8 at 391.4.32 words
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Article44 1977-02-01 1 UPI NEW YORK, Mon. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 lndust 950.22, down 7.31; 20 transp 225.94, down 1.03; 15 utlls 109.69, down 0.39; 65 stocks 311.99 down 1.93. UPIUPI - 44 words
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Chief Price Chonges
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Article, Illustration172 1977-02-01 1 TRADING at the Stock Exchange of Singapore was lacklustre yesterday, with most share* ending in minus territory. An opening rally was shortlived as pro-fit-takers moved in. The Business Times index fell 1.97 points to 264.39 while the Straits Times Industrial average was practically unchanged at 256.39. The172 words
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Article111 1977-02-01 1 Foils Most active Castlefleld 14.20 -.40 Central Sugars 167,000 O.C.B.C. *7.75 -.10 Pan Electric 145,000 Gen tings $3.14 -06 Haw Par 142,000 S.M. Ind. Sel Dredge M Tobacco S. Trading $1.20 $4.66 $5.15 $5.65 -.06 -.06 -.05 -.05 Inchcape Total Turnover 1.31 M Total Value M $2.70111 words
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838 1977-02-01 1 ANTHONY ROWLEY - TRADING BEGINS TODAY By ANTHONY ROWLEY OPTION trading begins today at the Stock Exchange of Singapore and soundings taken yesterday by Business Times, on the eve of the new market opening, indicate that brokers will be "nervously testing the water" at first, rather838 words
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Article410 1977-02-01 1 GOODWOOD Park Hotel has withdrawn Its offer to buy Hotel Summit for $25 million as a result of Summit's proposed franchise deal with JAL Development Co., a subsidiary of Japan Air Lines of Tokyo. Goodwood said yesterday that according to a magazine report Summit made410 words
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Article630 1977-02-01 1 THE Kuala Lumpur Stock Exchange has signalled Its willingness to allow trade groups In Malaysia to take a part In the shaping of Its rules and bye-laws. In its recent letter of undertaking sent to all companies seeking listing on the newly re-organlsed KLSE,630 words
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Article324 1977-02-01 1 KUALA LUMPUR. Mon. The Rubber Freight Booking Centre at the Malaysian Rubber Exchange and Licensing Board (MRELB) is to be expanded into a centre servicing all commodities exported by Malaysia Including manufactured goods. Primary Industries MlnUter Datuk Musa Hltam said today that the MRELB Freight Booking324 words
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Article147 1977-02-01 1 THE Direct Selling Association of Singapore (DSAS) strongly supports any efforts made by the Consumer Association of Singapore (CASE) to help stamp out malpractices In door-to-door selling. This was stated yesterday by Mr. Thomas Heng, president of the five-month old DSAS, which according to him147 words
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Article414 1977-02-01 1 THERE was a significant Kwth In loan demand last :ember, with the bulk of new loans going to manufacturing, building and construction and to financial Institutions. For the second month in a row, the Monetary Authority of Singapore's latest monthly bulletin said, banks' credit operations have been414 words
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Article116 1977-02-01 1 A US$75 million syndicated loan agreement for the Development Bank of the Philippine* will be signed tomorrow at the Mandarin Hotel. The loan was arranged by lead managers Bank of Montreal and First Chicago Asia Merchant Bank out of their Singapore offices. A total of 21116 words
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Article73 1977-02-01 1 TOTAL electricity produced last November fell marginally despite a Jump In the usage of high tension Industrial electricity. Government statistics show that the usage of hightension Industrial electricity Increased by nearly two million kilowatt hours for November compared to the previous month, making that month's consumption73 words
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Article57 1977-02-01 1 DEPOSITS growth of the Post Office Savings Bank show little sign of slowing down. At end-December, total deposits reached $957 million showing a growth of $52 million for the month. Even assuming a slower rate of growth In the festive period, total deposits should exceed57 words
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362 1977-02-01 1 Reuter PATTAYA, Mon. Singapore's Prime Minister, Mr. Lee Kuan Yew, and Thai Prime Minister Mr. Thanin Kralvlchlen met for two hours today and discussed regional security as well as increased economic cooperation between the two countries, informed sources said. The two Prime MinistersReuter - 362 words
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Article213 1977-02-01 1 Reuter KUWAIT, Mon. Kuwait today denied newspaper reports that the major oil exporters would resolve their price spilt with a compromise 10 per cent rise for 1977. Oil Minister Abdel Mutaleb Al-Kazlmi commented on newspaper reports, which suggested that this was being considered, by saying the ideaReuter - 213 words
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Article25 1977-02-01 1 Reuter JAKARTA, Mon. President Suharto inaugurated Indonesia's largest oil depot, worth US$6O million (SSI47), at Balongan, West Java, the Government announced. Reuter.Reuter - 25 words
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Page 1 Advertisements
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Advertisement38 1977-02-01 1 '-?@.>&%_?_`^:;+;_&$'~@%%,?*~=. INSIDE Oveneu newt/Tv ft Commoditiea P8 Radio P2 Transport ft CoinOversea* munications PS news/Features P3 Features PlO Local Co news —P4 International Co J"** 1 Overseas Local stocks Overseas stocks P6 Local ft Overseas P7 news Pl 238 words
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Advertisement23 1977-02-01 1 Step into our G.M.'s office,for the best deals in apartments in Singapore. i ■ivn w Or ca*****9911f0r instant accomodation Hong Leong Holdings Ltd23 words
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Advertisement97 1977-02-01 1 U-BIX COMPLETE COPYWG SYSTEM APS ELECTRONICS (PRIVATE) LIMITED Singapore T»< 33*003 (5 Lmaw APS ELECTRONICS (M) SDN BHD KUALA LUMPUB Tw 0 GXPORT. GOOD FOR YOUR BUSINESS, GOOD FOR SINGAPORE. The Chartered Bank takes the complications out of export and puts the service in. More than 1500 branches all over97 words
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OVERSEAS
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Article, Illustration434 1977-02-01 2 Winter crisis hits US 2 mil laid off WORST OF THE CENTURY Reuter NEW YORK. Mon. The worst winter of the century has put more than two million Americans out of work and caused an energy crisis as bad as the 1973 Arab oil embargo. More than a dozen centralReuter; AP photo - 434 words
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Article136 1977-02-01 2 UPI WASHINGTON, Mon. President Carter said yesterday he will propose some new Initiatives to settle the Panama Canal dispute and he Is "hopeful" for an agreement. Mr. Carter made the statement on the eve of discussions between Secretary of State Mr. Cyrus Vance and PanamanianUPI - 136 words
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231 1977-02-01 2 Reuter PARIS, Mon. Gaullist leader Jacques Chirac, who today formally opens his campaign to become Mayor of Paris, is playing down fears that his candidacy could bring down the Government. Mr. Chirac's bombshell decision to stand for election against the governmentbacked candidate. Industry MinisterReuter - 231 words
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Article, Illustration998 1977-02-01 2 SHEIKH YAMANI NYT TEHERAN, Mon. More and more It seems Middle Eastern oilmen tell tales about Sheikh Ahmed Zakl Yamanl as though he were some caliph of yore. How he went out Jogging through the streets of nocturnal Oeneva; how he stalled aNYT - 998 words
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474 1977-02-01 2 Reuter UNITED NATIONS, Mon. UN Secretary-General Kurt Waldhelm, saying he feared the danger of a new Arab-Israeli war. Is due to leave here tonight on a 10day Middle-East tour aimed at reviving the 1973 Geneva peace conference. He will go to Egypt, Syria,Reuter - 474 words
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135 1977-02-01 3 Reuter ROME, Mon. Italian Prime Minister Olullo Andreotti has postponed for the second time In 24 hours a Cabinet meeting called to decide on further austerity measures, government officials said. The meeting, originally scheduled for Friday and then shelved until today, will not now be heldReuter - 135 words
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Article91 1977-02-01 3 AP SPLIT, (Yugoslavia), Mon. Representatives of 16 Mediterranean countries and 12 UN organisations assemble here today for a five-day conference to discuss a draft for development of the Mediterranean region-to the end of the century. The draft, popularly as the "Blue Plan," was initiated last year atAP - 91 words
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Article28 1977-02-01 3 UPI TOKYO, Mon. Japan has agreed to provide Nepal with agricultural development aid totalling US$l,lO9 million (552.7 million) the Foreign Ministry announced today. upiUPI - 28 words
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Article288 1977-02-01 3 AN UNREALISTIC employment situation is developing in Israel, in which the Influx of Arab workers into the unskilled and construction labour markets has depressed wage scales for those jobs, and forces young Israelis to look increasingly to the public sector for employment. According to a Jerusalem288 words
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95 1977-02-01 3 Reuter MANILA, Mon. Belgium has handed over to the Philippines about 36 million pesos worth of Irrigation equipment to help speed up the country's irrigation development programme, the government announced. The qulpment was procured through a soft commodity loan signed in 1973, covering 20 years atReuter - 95 words
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Article, Illustration940 1977-02-01 3 LEONARD SILK - By LEONARD SILK NYT AS IN Goldilocks and the Three Bears, some people think President Carter's two-year US$3l.l billion package of fiscal stimulants Is too big. some think It Is too small and some think It Is Just right. In somewhat oversimplified narration,NYT - 940 words
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Article, Illustration417 1977-02-01 3 RAPID ECONOMIC GROWTH A THING OF THE PAST TOKYO, Monday Reuter PRIME Minister Takeo Fukuda today warned Japan that rapid economic growth was a thing of the past, and called for the urgent strengthening of co-ope ration among the major industrial nations. InReuter - 417 words
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Article103 1977-02-01 3 $96 mil IranSenegal oil deal Reuter TEHRAN, Mon. Iran has approved a government loan of US$4O million (Ss96 million) towards the capital of a Joint company building an oil refinery in Senegal, a government spokesman announced. The loan will carry a fixed annual interest of eight per cent under theReuter - 103 words
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Article25 1977-02-01 3 Reuter LIMA, Mon. The Peruvian Central Reserve Bank said it adjusted the sol downwards to "i 1.05 to the US dollar from 70.80.Reuter - 25 words
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215 1977-02-01 3 Growth rates in US and Europe will decline' UPI TOKYO, Mon. Economic growth rates In the United States and Major West European countries will decline this year, according to a Mutsublshl Bank forecast made public today. It predicted that America's growth rate would fall from 6.2 per cent in 1976UPI - 215 words
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Article56 1977-02-01 3 Reuter MELBOURNE. Mon. National Bank of Australia Ltd said firms are looking cautiously to the March quarter and expect some downturn. The bank said there was a significant Improvement in trading and profit results In the December quarter, according to an Australian Chamber of Commerce/National Bank survey ofReuter - 56 words
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241 1977-02-01 3 Reuter LONDON, Mon. Japanese car makers do not expect their share of the British market to rise significantly in 1977 from the 9.44 per cent share in 1976, a joint communique from the Japanese automobile Manufacturers Association (JAMA) and the SocietyReuter - 241 words
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Article72 1977-02-01 3 Reuter ROME, Mon. The Central Statistics Institute announced a revised November trade deficit figure of 624 billion lire, up from the previouslyannounced 619 billion and compared with a deficit of 201 billion In November 1975. The revised figures bring the total trade deficit for the first 11 monthsReuter - 72 words
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420 1977-02-01 3 AP NEW YORK, Mon. The growth In airline charters has brought a corresponding increase in complaints about low-cost flights, and the United States Government is zeroing in on tour operators to try to give passengers more protection. The Civil Aeronautics Board is considering changingAP - 420 words
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Article132 1977-02-01 3 Reuter PARIS, Mon. French Prime Minister Raymond Barre said the most important result of his current economic programme was the lowering of France's trade deficit to 1.3 billion francs In December from over four billion In October. He said in an interview in the daily newspaperReuter - 132 words
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Page 2 Advertisements
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Advertisement501 1977-02-01 2 Socialism ...The Singapore way In May 1976, the ruling People's Action Party in Singapore made a strong stand against serious allegations by the Dutch Labour Party at the meeting of the Bureau of the Socialist International in London. It culminated in C.V. Devan Nair, the PAP's special representative to the501 words
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Page 2 Miscellaneous
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Miscellaneous344 1977-02-01 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Jan 31 at Singapore airport: Maximum temperature Associated humidity Minimum temperature Q Associated humidity Hours of sunshine 10.65 Rainfall in millimetres Total rainfall for the month 58.4 Total rainy days for the month RADIO TV SINGAPORE 5 3.00344 words
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Page 3 Advertisements
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Advertisement165 1977-02-01 3 _>%/]+%+:`$|%>[^(|){[`@-|$@)([$ wmmm wmwww m v t"»' *V -.r ksj S3 Jw.'-r a t «r T T V si uct... r? I :v -U AV •v J r# r ?v —fcfH g -V r* «r i r w i if tf #r <r V 1 V V. k K r v165 words
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COMPANY NEWS
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1032 1977-02-01 4 KUALA Lumpur Kepong < shareholders yesterday ap- < proved multi-million dollar land sale for a giant housing scheme to meet nearly 10 per cent of Kuala Lumpur city's housing needs up to 1986. The sale in question is 584.7 hectares of estate land belonging1,032 words
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Article195 1977-02-01 4 THE value of the assets of Copper Industries was estimated at $8 .4 million as at Dec 16, 1976, according to the latest statement of affairs by the receivers and managers, Messrs A.G. Cooper and R.J. Frank of Price Waterhouse. This compares with the $10.5 million195 words
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Article78 1977-02-01 4 SIME Darby holdings said a new company, Slme Darby International Finance, was incorporated in the Netherlands in December with an issued capital of 50,000 guilders. The new company has an authorised capital of 250,000 guilders, it said. It also said its whollyowned subsidiary, Slme Darby Singapore, acquired78 words
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Article196 1977-02-01 4 Current payment Ex Date Date payable Total for the year Total for previous year Chin Teck C.C.M. Pibtn| Pref. U.M. Flour Sel. Dredging D. Keramat L'lu Benut N.B. Timbers Strait* Time* Time* Publishing M. Tobacco Idri* Hyd. Tanjong Tin S.P.Textile Rahman Hyd. YeoHiapSeng (M) Gopeng Con. Pengkalen YeoHiapSeng196 words
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COMPANY MEETINGS
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19 1977-02-01 4 Industrial Electronics Engineering Ltd. Feb 10, 3 p.m., 10 A. Commonwealth Lane, Block 34. Buona Vista Estate, Singapore 3.19 words
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15 1977-02-01 4 (M) Bhd.: Feb 12. 11 a.m., No 6 Tambun Road, Ipoh.15 words
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20 1977-02-01 4 Feb 15. 10 a.m., Registered Office, Penthouse. 10th Floor, Wisma Central. Jalan Ampang. Kuala Lumpur.20 words
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Article16 1977-02-01 4 Feb 16. 12 noon, No. 14 Jalan 223, Section 20 A. Petaling Jaya.16 words
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Article15 1977-02-01 4 Feb 28, 12 noon, at Supreme House (11th Floor), Penang Road, Singapore.15 words
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Article18 1977-02-01 4 (1975) Ltd.: Feb 28. 12.30 p.m., at Supreme House (11th Floor). Penang Road, Singapore.18 words
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Article40 1977-02-01 4 Mr. Michael Low Koon Chuan has resigned as a director of Sin Heng Chan (Malaya) with effect from Jan 31. Mr. Ngan Ching Wen has been appointed managing director of San Holdings with effect from Jan 1.40 words
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1003 1977-02-01 4 HARVEY SHAPIRO - By HARVEY SHAPIRO NYT GLOUCESTER, (MASS): Downtown in this aged city stands the famed statue of a helmsman braced at his wheel, and everything In Gloucester, from souvenir to restaurant menus, still bears paeans to those that S) down to the seaNYT - 1,003 words
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453 1977-02-01 4 FT LONDON, Mon. Reflecting greatly improved trading conditions and internal growth. Drofit before tax of Inchcape and Co., expanded sharply from £17.34 million, to £32.87m*****n. in the six months ended September 30, 1976, and came within £4.13mi1110n. of the record of 1975-76. The better tradingFT - 453 words
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Article50 1977-02-01 4 NEW YORK.Mon Second quarter net profit at Consolidated Foods rose to U5520.17 million from $17.97 million on sales rise to $703.4 million from $668.7 million. This brought profit in the first half-year ended Jan 1, 1977, to $41.78 million ($37.04 million) on sales of $1.43 billion (1.34 billion).50 words
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Article83 1977-02-01 4 Ingersoll Rand Reuter WOODCLIFFE LAKE, N.J., Frl. Ingersoll-Rand said It raised prices by an Increase of seven per cent on most products In the US and abroad, effective late December-early January. The rises ranged from five to 15 per cent on both machines and parts and were due to higherReuter - 83 words
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Article80 1977-02-01 4 DEARBORN. Mich. Mon. Ford Motor said it will lay off 8,200 workers and close three assembly plants for one week from today due to fuel and parts shortages resulting from cold weather. The affected plants are In Kansas City, Missouri, Metuchen, New Jersey and San Jose, California.80 words
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622 1977-02-01 4 NYT MONTREAL, Mon. One of Quebec's biggest knitting mills Is about to close down, another was temporarily saved from closing by lastminute government help, while a major company making household linens has begun to lay off workers. These developments have dramatized theNYT - 622 words
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Article92 1977-02-01 4 Reuter LONDON. Fri. ICL chairman T.C. Hudson told the annual meeting that results for the first quarter, ended December, were slightly ahead of budget. "The position Is encouraging I can underline what I said in my chairman's statement that we expect a worthwhile increase in turnover andReuter - 92 words
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Article78 1977-02-01 4 Reuter NEW YORK, Frl. Exxon said directors voted a quarterly dividend of 75 cents a share payable March 10 to shareholders registered on Feb 10. It said the dividend companies with 62V» cents paid in the first quarter of 1976 and 70 cents paid in each of theReuter - 78 words
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Article, Illustration1746 1977-02-01 4 KENNETH GOODING - By KENNETH GOODING FT APART from being Europe's biggest drinks group, Allied Breweries has proved itself an efficient marketing organisation by building up brands like Double Diamond, Skol, Long Life, Harvey's Bristol Cream, Brltvic juices. Coates ciders, Babycham perry, Nicholas winesFT - 1,746 words
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Page 4 Advertisements
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Advertisement329 1977-02-01 4 -*1 a B9 li m 9 NEW DIRECTIONS The magazine that actually says what you have been thinking all along. New Directions quarterly was born in late 1973 and has since then quietly set about its task to enhance the intellectual climate in Singapore, to stimulate the spirit of debate329 words
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INTERNATIONAL COMPANY NEWS
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Article622 1977-02-01 5 ROBERT COLE - By ROBERT COLE NYT REPORTS of corporate profits In the fourth quarter of 1976 are showing moderate to relatively strong gains. And earnings In 1977 will probably Increase an additional eight per cent for chemical companies and banks, and as much as 20 per cent forNYT - 622 words
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Article321 1977-02-01 5 LONDON. Mon.. The chairman of Dublin-based Independent Newspapers. Mr. R. T. Murphy, tells members in his annual statement for 1976 that he is confident that the group can surmount the problems and continue to be the foremost publishing company in Ireland. He warns that the newspaper321 words
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Article88 1977-02-01 5 HONGKONG. Mon. Winsor Industrial extended until further notice its offer to acquire 9.6 million HK$2 shares in Hllwin Enterprises. merchant bank Wardley announced on behalf of Winsor. Winsor and its subsidiaries had or controlled 98.9 per cent of Hllwin's 19.6 million share issued caDltal at Jan 28.88 words
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139 1977-02-01 5 Reuter TOKYO, Mon. Toyota said Its senior managing director Hldetaro Mori has recently visited Britain, West Germany, the Netherlands, Belgium, Switzerland and France to interest institutional Investors in its shares. Mr. Mori may also visit the United States for the same purpose in theReuter - 139 words
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Article253 1977-02-01 5 Reuter NEW YORK, Mon. Fourth 1976 quarter net Broflt at Armco Steel rose to 5524.42 million from $19.64 million on sales up to $758.3 million from $704.9 million. For the year, earnings came to $123.73 million against $116.66 million last time on sales of $3.15 billion,Reuter - 253 words
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Article45 1977-02-01 5 FRANKFURT, Mon. The Republic of Venezuela's US$lOO million seven-year Eurobond is expected to bear an eight per cent coupon, bond market sources said. Lead manager Is First Boston (Europe), with comanagers Deutsche Bank, Morgan Stanley, Union Bank of Switzerland and J. Henry Schroder Wagg.45 words
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189 1977-02-01 5 Reuter ESSEN, Mon. Veba unit Gelsenberg said It made another considerable loss In 1976, although less than In 1975, as deficits through its leased oil plant and fibre activities outweighed positive results in other sectors. In 1975 Gelsenberg made a balance sheet profit of 28,300Reuter - 189 words
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155 1977-02-01 5 AMSTERDAM, Mon. Schering's turnover growth appears to have slowed somewhat in the final quarter of 1976. At the end of the first nine months group turnover was up 14.9 per cent, while the expansion rate for the fun year amounted to 11.1 per155 words
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Article190 1977-02-01 5 STOCKHOLM. Mon Astra, the Swedish pharmaceuticals concern, announces a 12 per cent growth In pre-tax earnings to Kr.103 million after a 16 per cent rise in sales to Kr. 1.47 billion In Its preliminary report for 1976. Adjusted net earnings have Increased from Kr. 18 to190 words
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Article140 1977-02-01 5 Reuter TOKYO, Mon. Consolidated net Income at Mitsubishi Corp more than doubled to 14.09 billion yen from 6.18 billion yen In the first six months ended Sept 30. 1976. The profit Jump was achieved despite a sales fall to 4.78 trillion yen from 4.91 trillion yen. MitsubishiReuter - 140 words
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465 1977-02-01 5 FT PARIS, Mon, The Riant or, more unkindly, dinosaur—of the French distribution industry, the Au Printemps stores group, has embarked on a new phase In its four year struggle to regain profitability. The Frs. 10 billion a year group, with Its 360 outlets andFT - 465 words
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Article238 1977-02-01 5 STOCKHOLM. Mon.. Skandia. the Swedish insurance company, reports a preliminary operating profit of Kr.loo million for 1976 or almost exactly the same as in the previous year. This is some Kr.so million less than the target set In the 1975 annual report and Kr. 10 million238 words
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Article108 1977-02-01 5 NEW YORK. Mon. Fourth 1976 quarter net Brofit at Nabisco rose to 5522.25 million from $20.1 million on sales of $555.22 million ($539.06 million). This raised the full year profit to $77.5 million compared with $59.04 million last time on sales up from $1.97 billion to $2.03 billion.108 words
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Article193 1977-02-01 5 Reuter JOHANNESBURG. Mon. After-tax profit at Gold Fields of South Africa fell to 15.7 million rand from 19.2 million rand in the first six months ended Dec. 31. 1976. Earnings per share fell to 96 cents from 118 cents and the company has cut the interimReuter - 193 words
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Page 5 Advertisements
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Advertisement257 1977-02-01 5 II I I MP V mam 5 Sea Ray SRU 240 Weekender :v.v MVf Tg^al <f W > i# Bow Locker Sea Ray Srv 240 Hardtop The Sea Ray SRV 240 Weekender, crafted from i the finest materials available, combines plenty of size and performance with plushy creature comforts. A257 words
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Article2009 1977-02-01 6 1 $77/77. High Low Company Last Sale +orGr'» Div Div C'vr Gr'» Y'ld P/E Vol C000) Day High Low 8ECTION ONE INDUSTRIALS 175* 206 100 237 186 402 204 248 460 137 133 172 00 185 66 254 149 172 388 39 Ac ma Alcom Allied Choc2,009 words
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Article1073 1977-02-01 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 "Sett Big Board1,073 words
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Article1323 1977-02-01 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. INDUSTRIAL* A. TIH (0 40B). AIM HI <2 208 i A. Chaa1,323 words
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Article150 1977-02-01 6 B O T 8 1/2* 1981 (100,000) (102 3 «B 103 US) D B S 8 1/2% 1982 (100,000) <99 3 «B 100".S) DBS Converts 6 1/2% 1991 (100,000) (968 975) E I B 9% 1982 (100,000) (102^.8 103*.5) E I B 8 l/W 1983 (100.000) (9958 100150 words
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Article108 1977-02-01 6 5 1/2% 1/12/77 (1.000,000) (101.408 101.555) 5 1/2% 15/4/78 (1,000,000) (101.608 101.70S) 5 1/4% 15/7/78 (1,000.000) (101 458 101.535) 6 1/27, 15/8/78 (1,000,000) (103 208 103.455) 7% 1/7/79 (1,000.000) (104 808 104.905) 5 1/4% 15/10/79 (1.000,000) (100 988 101.18S) 6 3/4% 15/6/80 (1,000,000) (102 958) 6 .1/4%108 words
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Article158 1977-02-01 6 SINGAPORE UNIT TRUST INCOME BOND UNIT i.Muiim price* for Feb. 1) (Current price*) The Commerce 1.70 1.86 INCOME BOND 1.10 1.16 The Savin* Fund 0.96 1.01 S pore Prof. Fund 0 82 0.87 MARA BUMIPUTRA FUND S pore Security Fund 1.34 1 42 < Manarrra' price* for Feb.158 words
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Page 6 Advertisements
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Advertisement235 1977-02-01 6 fey .*v. i* K 7. 7 rv f/ ;^7 ■Mia >r -v- i -jira;.' ?m, s itBHI H^l &g| m®l| itm s z ip.. '1 f V* 3 I 1 i Mlmti '■^m&nz 1 11. sa^- :•< i Alex Josey has long been an observer, recorder and commentator of the235 words
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Article410 1977-02-01 7 SHARES finished slightly lower in very thin trading at the Stoch Exchange of Singapore yesterday. An opening rally cm baying orders carried over from last Friday proved shortlived as profit-takers came on the scene. For the rest of the day trading conditions quietened with the410 words
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Article341 1977-02-01 7 DESPITE efforts to mount a rally early In the day, the Kuala Lumpur stock market succumbed to selling pressure to finish lower. Opening quotations were marked a shade higher In extension of last Friday s rally. But after the first hour of trading, sellers moved in341 words
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OVERSEAS MARKETS
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Article411 1977-02-01 7 TOKYO: The market fell sharply In light trading on fears the US might ask Japan to reduce Its large trade deficit when Vice President Walter Mondale meets Prime Minister Takeo Fukuda today, dealers said. The Dow-Jones average lost 45.19 to 4,962.47 with volume 180 million shares. The New Index411 words
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Article120 1977-02-01 7 MANILA: The market was again lower, with selling pressure taking mining and oil issues lower, although commercials were steady, dealers said. JAN 31 Pesos Acoje Mining .018 -0 0005 Atlas Con A 33 0 -0.2S Atlas Con. B 33 50 unch Bagulo Gold .0155 -0 0005 Benguet Con B120 words
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Article345 1977-02-01 7 HONGKONG: The market closed little changed In feature less trading with very turnover, dealers said. The Hang Seng Index rose 0.32 points to 433.73. Turnover on the four exchanges totalled $18.60 million compared with $29 34 million on Friday. JAN 31 HKJ Amal Rubber 1.55 ♦0.02 Associated Hotels 2.175345 words
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Article83 1977-02-01 7 JAN 31 Bahts Asia Fibre 122 1 Bangkok Bank 247 -2 Bangkok Invest. 147 -2 Bangkok-Metro-polltan Bank Bata BerllJucker 166 1 Charoong Thai Wire 162 -1 Dumex Duslt Thani Faber Merlin First Trust Indo-Thal J And J Ho 190 unch Jalaprathan Cement 84 1 Karnasuta 34 Lee Kwang Mln83 words
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Article13 1977-02-01 7 SYDNEY: The atock market wai closed on Monday for Australia Day holiday.13 words
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Article639 1977-02-01 7 NYT NEW YORK, Mon. The credit markets perked up late last Friday in a modest recovery that contrasted with the steep declines for prices of fixed-Income securities last Thursday, Wednesday and Monday. Nevertheless, the dominant view of the credit markets outlook seemed to be thatNYT - 639 words
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Article98 1977-02-01 7 Reuter MELBOURNE, Mon_ North Broken Hill Holdings has suffered a slight setback of 4.5 per cent In net profit to A 54.3 million ($4.5 million) In the first six months ended Dec 31, 1976. The company said profit on mining operations in the six months roseReuter - 98 words
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Article30 1977-02-01 7 BASLE, Mon. The Austrian Republic's 80 million franc 5V4 per cent 15year Swiss loan was heavily over-subscrloed at its issue price of 99.5 per cent, Schweizerlscher Bankvereln said.30 words
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Article181 1977-02-01 7 Reuter MELBOURNE, Mon. Abmlnco has suffered a consolidated operating loss of A 590.000 In the year ended Nov 23, 1976. Revenue was $15.94 million. The loss is after tax benefit of $115,000 and depreciation of $3.94 million but is before extraordinary deficit of $305,000. The company,Reuter - 181 words
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Article143 1977-02-01 7 Reuter SYDNEY. Mon. With the buoyant tin price, Renison has enjoyed a fourfold Jump In net profit to A 54.43 million ($877,000) on a 95.9 per cent increase in sales to $14.73 million ($7.52 million) in the first half-year ended Dec 28. 1976. And Renison hasReuter - 143 words
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Article1144 1977-02-01 7 ITC PLANS TARIFF QUOTA NYT WASHINGTON, Mon. At the K-Mart discount centre in Annandale, VA., rows upon rows of US$4 to $6 casual shoes, mostly made from plastic and mostly produced outside the US, are attracting large crowds of buyers. These consumers, who are willing toNYT - 1,144 words
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Article141 1977-02-01 7 Reuter NEW YORK, Mon.— Improved conditions In Its refining and marketing operations have enabled Sun to end 1976 with a 61.8 per cent Jump in net profit to U*****.2 million ($220.1 million) on sales of $5.5 billion ($4.4 billion). The last quarter contributed earnings ofReuter - 141 words
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Article95 1977-02-01 7 Reuter CLEVELAND, Mon Firestone Tire and Rubber expects record US sales for the tyre Industry of US$25O to $255 million In 1977, against the previous record of $251 million in 1973, president Mario A. Di Federlco told analysts. He said unit sales growth is expected to continueReuter - 95 words
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Article50 1977-02-01 7 Reuter LONDON. Mon. —Guinness Peat Group has raised the interim dividend to 3.5p from 3p. The company said group profits for the year to date are well ahead of those for the same period last year. It said it will pay the maximum dividend permitted for the year. Reuter.Reuter - 50 words
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Article175 1977-02-01 7 Reuter PARIS, Mon. The 1976 profits from Pechlney Uglne Kuhlmann (PUK)'s aluminium sector after depreciation but before tax are likely to be around five million francs (4.65 million) out of a total turnover of 16.42 billion (13.68), PUK president Philippe Thomas said. Last month Mr. ThomasReuter - 175 words
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Article42 1977-02-01 7 FRANKFURT, Mon. The Credit Lyonnals US$BO million six-year loan has been priced at par with a floating interest rate point above the London Interbank offered rate for six-month dollar deposits, with a minimum six per cent, colead manager Commerzbank said.42 words
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Article167 1977-02-01 7 Reuter DUISBURG.Mon. August Thyssen Huette Ag said it will propose an unchanged seven mark dividend for the year ended Sept 30. This confirms Its November statement that it expected an unchanged dividend. The company said it made a 1975/76 balance sheet profit of 166 million marksReuter - 167 words
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Article30 1977-02-01 7 FRANKFURT. Mon. The 200 million mark 6*4 per cent 12-year Eurobond for Shell International Finance was priced at par. bond market sources said. Lead manager Is Deutsche Bank.30 words
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Article126 1977-02-01 7 Reuter NEW YORK, Mon. A last quarter spurt has raised Boise Cascade net Drofit bv 52.3 per cent to U5597.33 million ($63.89 million) in 1976. This was achieved on a sales rise of 32.2 per cent to $1.93 billion ($1.46 billion). In the fourth quarter, netReuter - 126 words
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Briefly
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Article95 1977-02-01 7 TOKYO, Mon. Maruzen Oil said it plahs to raise petroleum product prices by more than 2,000 yen per kilolitre or slightly more than 10 per cent around March to cope with a five to 10 per cent increase In crude 011 prices by the Organisation of95 words
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Article62 1977-02-01 7 LONDON, Mon. The Quebec Urban Community's US$l5 million private placement of five year 9V* per cent bonds has been priced at par, European Banking said as lead manager. Other managers are Amsterdam Rotterdam Bank. Banca Delia Svlzzera Italiana, Bank Gutzwiller, Kurz, Bungener (Overseas), Banque Worms, Goeffrlon,62 words
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Article60 1977-02-01 7 TOKYO. Mon. Osaka Iron and Steel and Otani Heavy Industries, both medium-sized steel goods manufactures In the Nippon Steel Corp group, said they reached an agreement to merge In May of June. The new company, to be called Godo Seltetsu Kalsha, will be capitalised at 2.71 billion yen,60 words
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Article34 1977-02-01 7 FRANKFURT, Mon. The City of Bergen's maximum 50 million mark maximum 12-year Eurobond has been priced at per cent with a 7% per cent coupon, lead manager Berliner Handels Und Frankfurter Bank said.34 words
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Article77 1977-02-01 7 HONGKONG. Mon. Han Yung Industrial of South Korea has obtained a 5Vj year US$25 million syndicated loan from a group of banks headed by the Bank of Montreal, bond market sources said. Proceeds of the loan will be used to help finance the construction of a new plant77 words
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Article59 1977-02-01 7 LONDON. Mon. Beecham group subsidiary Beecham Products said It plans to spend £35 million In the UK over the next three years on modernising and increasing capacity of its food and drink production and distribution. The investment will Include new canning and bottling lines, factory extensions, new process and59 words
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Article29 1977-02-01 7 AMSTERDAM. Mon. The European Investment Bank's eight per cent sevenyear placement of up to 75 million Euroguilder notes priced at par has been fully subscribed AmsterdamRotterdam Bank said.29 words
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Page 7 Advertisements
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Advertisement176 1977-02-01 7 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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COMMODITY REPORTS AND PRICES
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Article668 1977-02-01 8 OPENING prices in the Singapore rubber market yesterday were marked down by about 1.50 cents, following easier overseas advices. Thereafter, prices fluctuated marginally, with trading confined mainly to February and March on outright and switch basis. February was traded at six cents discount to March, they said. Forward668 words
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Article106 1977-02-01 8 DAILY SSR and SMR prices at noon yeaterday: R.A.S. Fefc. (Currant Mth) Buyer* Sailer* (cent* per kg) Mar. (Forward Mth) Buyer* Seller* (ceata per kg) SSR 20 SSR 50 (1-Ion Pallet) (1-ton Pallet) 187.50 185.00 188 SON 188 OON 189 00 188 50 190.OON 187.50N M.R.E.L.B. SMR5CV106 words
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Article132 1977-02-01 8 THE Straits tin price In Penang yesterday was down $25 to $1,431 on an official offering up 180 tonnes to 432 tonnes. In LONDON vesterday, tin lost around £37 per tonne for Cash and £50 for Three Months In both contracts at the mid-day clbsing. Dealers said sentiment132 words
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Article30 1977-02-01 8 Rubber: Jan 31 Singapore: Feb. 197.75 cU (down 3.00 eta.) Malaysia: Feb. 202.50 eta (down 3.75 ct) Tin: $1,431.00 (down $25.00) Official offering: 432 tonnes (up 180 tonnes)30 words
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Article168 1977-02-01 8 IN the Singapore gold market yesterday the kllobar traded sluggishly in the range of 5510,495 to $10,520. The loco London gold stayed at US$l3l.BO/ 132.20 for most of the day, with operators staying on the sidelines. The London morning fix was U*****.10, up $0.80 on the previous fix. Source:168 words
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Article63 1977-02-01 8 LONDON, Mon. Silver eased 1.1 pence to 1.7 pence per troy ounce. Sentiment appeared overshadowed by generally lower base metal markets which offset steadiness In gold as a market influence. After opening about steady, prices gave ground with some of the moderate selling based on chart considerations, dealers said.63 words
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Article61 1977-02-01 8 LONDON, Mon. Lead declined by £3.25 per tonne for Cash and £4 for Three Months. This metal followed the trend in copper, with speculative liquidation taking Three Months down to £341 per tonne In the premarket. Fresh buying developed at the lower levels, however, and £345 was paid finally61 words
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Article123 1977-02-01 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY Coconut Oil: Bulk $85 sellers, old drum $90 sellers, new drum $95 sellers. Copra: Mixed (loose) UK/Cont. 153 buyers. Pepper Muntok ASTA white f.o.b. 100% NLW $342 Mi sellers. Sarawak white f o b. 96% NLW $322 v,123 words
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Article51 1977-02-01 8 LONDON, Mon. Zinc fell £5.25 per tonne for Cash and £4 for Three Months. Values drifted lower, reflecting copper and lead, with general liquidation taking Three Months down to £421 In both pre-market and ring dealings. Light covering appeared at the lower levels but dealings were routine at 1,35051 words
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Article112 1977-02-01 8 LONDON, Mon. Copper wlrebars fell £10 per tonne for Cash and £9.50 for Three Months. Dealers said sentiment seemed largely affected by the possibility of a cutback in US Industrial activity due to the severe weather there. General liquidation took Three Months down to £853 in the pre-market before112 words
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Article301 1977-02-01 8 LONDON, Mon. Robuata futures opened around £50 per tonne down, with May traded at £2,740. By end-call however, values were £12 higher to £28 lower compared with Friday's close. The market tone was "very steady" and 169 lots were traded. Jan was untraded but recorded a gain of £12301 words
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Article215 1977-02-01 8 BANGKOK, Mon. Inldcative prices for rice quoted In Bangkok yesterday were: US dollars per tonne fob basis Bangkok. 100 per cent Ist class 282 100 per cent 2nd 287 100 per cent 3rd 262 5 per cent 254 10 per cent 233 15 per cent 230 20 per cent215 words
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Article95 1977-02-01 8 LONDON, Mon Terminal opened quiet, with prices unchanged to £0.60 below Friday's closing levels In sales of 183 lots. Dealers said there was no news over the weekend to encourage fresh Interest and prices held In a narrow range with local selling and liquidation being met by light trade95 words
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Article61 1977-02-01 8 TOKYO, Mon. China was reported to have raised exEort prices for its crude oil y 6.8 per cent to U5513.15 (5512.21) barrel, retroactive to Jan 1. Quoting trading sources, the economic newspaper Nlhon Kelzal, said Japan will purchase from China at least 5,180,000 metric tons of crude61 words
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503 1977-02-01 8 Reuter HONGKONG, Mon. The gold price should show steady growth this year as long as central banks want to uphold their gold reserve values by not liquidating unnecessarily in the free market, Metaux Precleux (Far East) managing director, Robert Sltt, said. The averageReuter - 503 words
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449 1977-02-01 8 AP WASHINGTON, Mon. While the price of coffee was doubling in the United States last year, more than 32 million kg of green coffee beans entering the US were found to contain Insects, mould, rodent droppings and other contaminants. Thousands of kilogrammesAP - 449 words
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Article169 1977-02-01 8 MANILA. Mon. The Philippines expects to be self-sufficient in cotton within five years according to Agriculture Secretary Arturo Tanco. Speaking In the northern Philippines town of San Fernando, he said that the country hoped to save some 90 million pesos (5529.4 million) in foreign exchange169 words
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Article151 1977-02-01 8 KUALA LUMPUR, Mon. Chairman of the Malaysian Rubber Exchange and Licensing Board (MRELB), Mr. Lew Sip Hon, has described the prospects for natural rubber as "bright and pregnant with hope" and augured well for the future of the Industry in Malaysia. In a briefing to the151 words
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MONEY AND EXCHANGES
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Article547 1977-02-01 8 THE US dollar was traded higher yesterday following news of an unexpected fall In the US December trade deficit to U*****.2 million (511.6 billion). From Its opening level of 552.4575/85, the American dollar was bid up to the day's high of $2.4595/98 against the Singapore dollar, before sliding marginally547 words
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Article168 1977-02-01 8 Asian rates ASIAN currency deposit interbank rates as at close on Jan 31 USD»Uan<9»*> Offer BU 7 days 4 13/16 4 11/16 1 mth S 4 7/8 2 mths J 1/1 S 3 mths S 3/8 5 1/4 mths 5 7/8 5 3/4 9 mths < 1/1 6 12 mths168 words
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Article51 1977-02-01 8 RANGE, of price* offered by discount houses on Jan 31 Overnight 1W to 3* Call deposit 3% Clutst Bay Sclttaf 3-Month Treasury bills 3 1/16 2 15/16 3-Month Banks bills 4 l/> 4 3-Month CD 4 3/8 4 3/16 6-Month CD 4 5/» 4 7/16 Source: National Discounts51 words
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Article243 1977-02-01 8 LONDON, Mon. The dollar generally moved lower in Europe. As concern overseas grew over the Impact that the exceptional US winter conditions could have on the country's economic recovery. The US unit was marked down to 2.4170/85 marks from 2.4220/40 on Friday In London, reflecting the Carter Administration's suggestion243 words
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Article183 1977-02-01 8 TOKYO, Mon. The US dollar for overnight dellvery closed sharply lower at 288.25 yen, compared with 289.40 yen at the opening and 289.50 yen at last Friday's close, on Increased selling by traders and banks, dealers said. The initial rise of the US unit, to 289.60 yen, attracted some183 words
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Article145 1977-02-01 8 HONGKONG, Mon. The US dollar closed lower but above morning lows as some buying Interest came in from West Asia, dealers said. It finished at HK54.6530/ 50 from the end-morning $4.6500/ 30 and Friday's and Saturday's 14.6590/ 6610, with short term local money rates remaining high. Trading in other145 words
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Article57 1977-02-01 8 Minimum lending rates (in ACBC 6%i First Chicago 6^ Algemene Bank 6* Citibank 6*. Bangkok Bank .7* HSBC 7 Bank of America fl*. Indosuez 6% Bank of China .7 Malayan Banking 6* Bank of Tokyo Mitsui Bank Bank Negara OCBC Indonesia .7 OUB Chartered Bank UCB.. 7 1 Chase Manhattan57 words
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Article104 1977-02-01 8 Euro rates LONDON, Mon. Eurodollar deposits opened around Friday's final levels In early very quiet conditions. dealers said. Period business was slow to start following the weekend break with light rollover requirements scheduled for today, a factor making for quiet conditions. Apart from a sllßhtly harder tendency In longer periods,104 words
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Article33 1977-02-01 8 FRANKFURT exchanges opening quotes on Jan 31 US 2.4195/4210 (2.4185/95) Can 2.3665/85 UK 4.135/150 Neth 95.45/60 Swltz 96.10/25 Italy 2.735/750 France 48.55/70 Norw 45.40/50 Belg com 6.505/520 Belg fin 6.50/51 Japan 0.8385/840033 words
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Article257 1977-02-01 8 LONDON, Mon Eurobonds were virtually unchanged to slightly firmer In dull trading, dealers said. Japanese convertible issues were lower, while the US dollar sector tended quietly steady. Eurobond price* quoted on Jan 31 Straight* Bid Offer Alcan 9' iPc 1988 104*. BFCE8*.Pc 1983 101 102 Brascan 9%.Pc 102257 words
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Page 8 Advertisements
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Advertisement472 1977-02-01 8 <].] \ew SI m u i._ > I ---~--i!* "H -7 "P-i"si7V i Fs M ass f1 1 jli •«it iff ®s a 5: as -jJ_"\ -"Sa '4 fiS ri £%>, !*te THE GREAT BOOKS OF WESTERN OVUJZATION These are the books that had to burn. For within the GREAT472 words
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TRANSPORT AND COMMUNICATIONS
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491 1977-02-01 9 STANLEY BROWN - By STANLEY BROWN UPI CARGO theft Is a way of life at the port of Miami and other major seaports, law enforcement officials said last week. At some docks longshoremen consider pilferage an unwritten fringe benefit. A US customs official in WashingtonUPI - 491 words
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232 1977-02-01 9 BRITISH motor exports rose by 26 per cent last year to reach a record high of £3,277 million: Figures compiled by the Society of Motor Manufacturers and Traders (SMMT) in London show that the UK industry earned nearly £2 from motor exports for232 words
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Article121 1977-02-01 9 AP WASHINGTON, Mon. A committee of the National Academy of Sciences recommended last week that the US postal service offer an electronic message system as a test to see if it could rescue the mall system from Its financial problems. Under an electronic mall system, a messageAP - 121 words
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Article, Illustration424 1977-02-01 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Amsbach Despatch (LCT) (0900 subject to Freeboard) (Req. Ramp) 22 Klmanis (2000 req. shifting to solid berth on 3rd) 20 Mlntsung (HOYP) (1600) 6/7 Nordhausen (0600 after Bendearg) 38/39 (Ramoneverett (0700) 35/36 Uranus (Tanker) (1500 after Rasa Sayang) 42/43 Yamateru Maru (JEVS) (2130)424 words
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Article, Illustration378 1977-02-01 9 TERESA LIM - By TERESA LIM THE largest ro-ro (roll on roll off) vessel to call at Singapore set sail again last week, after loading cargo for the first time as a commissioned member of the States Line fleet. The ss Nevada, on her378 words
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Article165 1977-02-01 9 AP NEW ORLEANS. Mon. American car manufacturers have yet to come up with a good small car that will sell, the president of the National Automobile Dealers Association said yesterday. "And there's no reason for It. that's for sure." said Mr. John Pohanka. whoAP - 165 words
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Article62 1977-02-01 9 Reuter TOKYO, Mon. Japanese scientists have begun a unique experiment In earthquake prediction utilising radio waves emitted by quasars billions of light years away, the Post and Telecommunications Ministry said today. Laboratories about 121 kilometres apart on Japan's Pacific coast yesterday began monitoring radio waves from four quasarsReuter - 62 words
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Article560 1977-02-01 9 ARRIVALS Service Operator Number Local Time 1 i From CAL CI331 0040 TPE/HKQ/KUL TMA TL303B 0215 BEY/DXB/ MAS BOM/KUL MF382 0810 KCH JAL JL712 1000 HLP SIA SQ211 1010 HLP OIA GA960 1030 HLP OLA OA 908 1100 MES SAS SK971 1130 CPH/BKK RBA BI325 1155 BWN560 words
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Page 9 Advertisements
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Advertisement434 1977-02-01 9 Bu SINGAPORE HC--°:*en-T7 VOL 'NO! W.'PWCt i3OC s The people who matter already know us. Join them. Get a copy from your newsvendor or mail this coupon now and get a free slip-case which will hold the 12 issues. Subscribe now and get 12 issues of Singapore Business and 1434 words
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741 1977-02-01 10 JOHN WALLACE - By JOHN WALLACE Reuter AS ONE of the biggest and most powerful unions in the United States prepares to elect a new president, some old-guard labour leaders are concerned about a threat from the Left. The union is the United Steelworkers ofReuter - 741 words
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Article, Illustration2166 1977-02-01 10 BRIDGET BLOOM - By BRIDGET BLOOM Financial Times SLIGHTLY more than four months ago, the Rhodeslan Prime Minister broadcast to a bemused nation and a grateful If surprised world that he had accepted majority rule In Rhodesia within two years. Mr. Lan Smith's broadcast came only daysFinancial Times - 2,166 words
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Article, Illustration1158 1977-02-01 10 INGO HERTEL - 486 FLOOD VICTIMS SET OUT TO MAKE A NEW WAY OF LIFE IN THE JUNGLE By INGO HERTEL Reuter THEY are among the new pioneers, these 100 Indonesian families comprising 486 men, women and children, and they aim to carve out a new way of lifeReuter - 1,158 words
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Page 10 Advertisements
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Advertisement193 1977-02-01 10 < MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE 1 r J ASIA RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia.193 words
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Article, Illustration491 1977-02-01 11 AP NEW DELHI, Mon. More than 50,000 people turned out yesterday for the first opposition rally permitted by the Government In 19 months of emergency rule as active political campaigning began for the March parliamentary elections. "I never expected the turnout to be soAP; AP photo - 491 words
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572 1977-02-01 11 FINANCIAL TIMES LONDON, Mon. Major oil-producing countries are reporting a big drop in crude oil demand, seen In the Industry as a reaction to the two-tier price rises and the hleh level of stocks built up before Christmas. Continuing evidence of a changeFINANCIAL TIMES - 572 words
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326 1977-02-01 11 Reuter LUSAKA, Mon. British negotiator Ivor Richard today entered the final stage of his Rhodesia peace shuttle with prospects of success bleaker than when he began. Mr. Richard has been In southern Africa for a month trying to find enough common ground betweenReuter - 326 words
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Article179 1977-02-01 11 Reuter TOKYO, Mon. Japan's vehicle exports in 1976 rose to a record 3.71 million units, up 38 per cent from the previous record 2.68 million in 1975, the Japanese Automobile Manufacturers Association said. The total comprised 2.54 million cars, 1.15 million trucks and 17,900 buses, comparedReuter - 179 words
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132 1977-02-01 11 UPI MANILA. Mon. President Marco# forecast today rapid growth in the Philippines' non-traditional export products including garments, electronics and handicrafts. Speaking before the Government's export council, Mr. Marcos said earnings from these non-tra-ditional exports jumped from US$94 million (Ss23l million) to 1460 million in 1976,UPI - 132 words
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911 1977-02-01 11 A GROWING number of Asian businessmen have reached the conclusion that the Vietnamese military threat is dwindling. Instead, they see communist leaders intent on economic reconstruction, aiming to transform Vietnam into a thriving trading economy. FINANCIAL TIMES SOUTH-east Asia's noncommunist bloc has beenFINANCIAL TIMES - 911 words
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403 1977-02-01 11 Reuter LONDON, Mon. Common Market foreign ministers, starting a two-day meeting here today, will make clear that the Soviet Union and Its Warsaw Pact partners are not doing enough to Implement the 1975 Helsinki Declaration on East-West detente. Informed WesternReuter - 403 words
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314 1977-02-01 11 Reuter LONDON, Mon. A new International Sugar Agreement (ISA) based on quotas Is the likely result of the International Sugar Organisation (ISO) preparatory committee meeting here this week, informed sources said. The committee was set up in November to assist the ISO secretariat toReuter - 314 words
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138 1977-02-01 11 TOKYO, Mon. Seasonally adjusted construction orders received by 43 major Japanese firms rose six per cent in December to 553 billion yen, from a downward revised 520 billion in November, the construction ministry said. Unadjusted, December orders were up 10 per cent from138 words
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Article164 1977-02-01 11 Reuter CANBERRA, Mon. Australian Immigration Minister Michael Mackellar will make a 13-day visit to Italy and Cyprus. Mr. Mackellar, who left yesterday, said he would be going to Italy, at the Invitation of the Italian government, for the third meeting of the Joint commissionReuter - 164 words
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Article36 1977-02-01 11 Reuter HONOKONG, Mon The number of people employed tn the manufacturing Industry in Hongkong fell 0.8 per cent to 773,746 In December, compared with September, a Census and Statistics Department survey showed ReuterReuter - 36 words
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105 1977-02-01 11 Reuter MANILA, Mon. The Philippines first axle plant, operated by Dana Corp Unit Spicer (Philippines) Manufacturing Co., will be completed at the suburban town of Canlubang southeast of here next month, and should be operational in March, Informed sources said. It will have an annualReuter - 105 words
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298 1977-02-01 11 Rare wine for you it's on the house! A LIMITED quantity of rare German wines unavailable anywhere else in the world Is being offered to wine drinkers In Singapore In conjunction with the introduction of the products of vintage vintners Ferdinand Pieroth to the Republic. Mr. R.M. Dards. senior wine298 words
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Article182 1977-02-01 11 UPI BANGKOK, Mon. The Vletcong, formed 16 years ago to lead the anti-Ame-rican war In South Vietnam, is to be phased out this week during a five-day meeting which began today In Saigon. The death of the politi-cal-military organisation which nominally directed the war inUPI - 182 words
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Article34 1977-02-01 11 UNITED Motor Works has clinched a second milliondollar contract with the Ministry of the Environment, for the supply and installation of centrifugal air blowers, used in the aeration process in sewage treatment.34 words
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Page 11 Advertisements
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Advertisement292 1977-02-01 11 APPOINTMENTS Foreign Bank in Jakarta requires Indonesian nationals with overseas working experience for the following posts (1) ASSISTANT MANAGER FOR EXPORT/IMPORT BILLS DEPARTMENT (2) CREDIT ANALYSTS Qualifications/Experience University or AIB Diploma Minimum 3 5 years working experience in similar positions Ability to communicate in main Chinese dialects would be an292 words
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Advertisement394 1977-02-01 11 SALES MANAGER (BRUNEI) required by a well established foreign trading company to market a wide range of well-known brands of products in Brunei. The right candidate should meet the following requirements:— A sound secondary education up to HSC level or equivalent marketing qualifications. Several years experience in a similar capacity.394 words
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Article, Illustration403 1977-02-01 12 SINGAPORE will make a determined bid for landing rights in the United States this March, after two years of planning and frustrated negotiations. Singapore Airlines, the national carrier, has for some time been viewing the US route as the most lucrative403 words
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250 1977-02-01 12 AP ISLAMABAD. Mon. Opposition party leaders today blamed what they described as the government's freespending policies and financial mismanagement for the high cost of living in Pakistan In speeches gauged to win votes at the general election on March 7, the oppositionAP - 250 words
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283 1977-02-01 12 TRADE involves the exchange. a simple enough process, when it is within domestic confines. There is a direct movement of goods from seller to buyer, and the reverse movement of money. But trade is no longer as uncomplicated when it becomes283 words
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Article35 1977-02-01 12 THE Chase Manhattan Bank has sued Gan Boon Peng and Hiro Gan Boon Peng for $422,066. Also filed was a writ against Southeast Asia Canning Manufacturers by Pineapple Cannery of Malaysia for $39,303.35 words
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Article784 1977-02-01 12 THE persistent obscurity in the Singapore Institute of Architect's standard form, on which all building contracts for the private sector in Singapore are based, is bad for the building industry as well as the consumer. Mr. I Duncan Wallace, a Queens Counsel, (who stressed that his784 words
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298 1977-02-01 12 THE National Trades Union Congress has accused the Singapore Manufacturers Association of "muddled thinking" and being irresponsible in its comments on the productivity of the labour force in industry. Making the attack in the latest issue of Labour News, the NTUC blamed poor298 words
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Article115 1977-02-01 12 OBERON Oil of Western Australia, is discussing with several Singapore firms on the possibility of a $13 million Joint venture, for oil and gas exploration in Western Australia. Mr. J.S. Kasim, Oberon's governing director, said that negotiations are going on with locally-based seismic firms, financiers and oil115 words
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Article24 1977-02-01 12 Reuter MELBOURNE, Mon. National Bank of Australia said firms are looking cautiously to the March quarter and expect some downturn. ReuterReuter - 24 words
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Article400 1977-02-01 12 MONDALE TO FUKUDA Reuter TOKYO, Mon. US Vice President Walter Mondale today assured Japan that It would be fully consulted before the United States made any important decisions affecting Asia or world economic affairs. The Vice President, here on the final leg of a 10-dayReuter - 400 words
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Article284 1977-02-01 12 Reuter TOKYO, Mon. Finance Minister Hideo Boh said there Is now no danger of Japan's economic recovery coming to a halt. In his fiscal policy speech today at the opening session of Parliament, Mr. Boh said some industries are still recovering better than others, whileReuter - 284 words
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248 1977-02-01 12 TOKYO, Mon. A former cabinet minister, the chairman of Japan's largest domestic airline and six other defendants went on trial today on a variety of charges growing out of Japan's investigation of the Lockheed payoffs scandal. Tomisaburo Hashimoto. 75, transport minister in 1970-71, pleaded248 words
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182 1977-02-01 12 KUALA LUMPUR. Mon. Sabah Shell and Pecten Malaysia have struck oil In their contract area off Sabah, it was announced here today. The well named St. Joseph 2 is the first exploration well drilled by the companies since the conclusion of the productionsharing contract182 words
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Article163 1977-02-01 12 UPI DACCA, Mon. The Union Oil Company (UOC) of America, one of a group of multinational companies assisting Bangladesh in oil exploration, has discovered gas in the first offshore exploratory drilling. 80 km from the country's coastline, it was announced today. Air Chief Marshal Abdul HaffurUPI - 163 words
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Article, Illustration169 1977-02-01 12 THE Singapore Chinese Chamber of Commerce will be sending a fact-finding mission to Hanoi later this year. The team will have four to six members. Hie management committee decided at yesterday's SCCC monthly meeting to authorise the incumbent president, Mr. Tan Keong Choon, (above), to169 words
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125 1977-02-01 12 UPI MANILA. Mon. A 10member trade mission composed of Filipino businessmen today left for Hanoi to explore trade possibilities with Vietnam. The mission Is headed by Mr. Fred Ellzalde, president of the Chamber of Commerce of the Philippines (CCP) "We have high hopes onUPI - 125 words
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Article738 1977-02-01 12 LONDON, Mon The Stock market closed lower over a broad front in reaction to profit-taking after the recent rise Turnover was moderate, dealers said At 3 p.m., the Financial Times Index was down 11.8 at 381 4. Government bonds showed net falls ranging to IS among longer maturities,738 words
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Article741 1977-02-01 12 THE combined results of the two Times companies showed that their profits have continued to grow. Trading pretax profit of Times Publishing and Straits Times Press (1975) totalled $17.97 million in the year ended Aug 31, 1976, up 7.7 per cent from $16.69 million741 words
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Article190 1977-02-01 12 Reuter MANILA, Mon. President Marcos said today the Philippines would resume negotiations for a revision of its trade treaties with Japan and the United States later this year. In a speech before the Philippine Export Council, he also underlined the need to diversify and developReuter - 190 words
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Article103 1977-02-01 12 THE Diploma In Management Studies Alumni have recently published the first Issue of an annual, "The DMS". which features papers on management by a number of prominent people In the business community, higher institutions of learning, and government. Contributors to the Journal include Dr. Lee Chlaw Meng.103 words
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