The Business Times, 8 February 1977
1977-02-08
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The Business Times
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Title Section10 1977-02-08 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, FEBRUARY 8, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article132 1977-02-08 1 AN announcement by Baring Brothers In London yesterday afternoon Indicated that Harrisons and Crosfleld has won the battle with Genting Highlands for control of Golden Hope. Baring Brothers said that Harrisons Malaysian Estates has won acceptances from more than 50 per cent of the shareholders of Golden132 words
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Article65 1977-02-08 1 Reuter BANGKOK, Mon. The new Thai-Malaysian border agreement will be signed by Prime Ministers Hussein Onn of Malaysia and Thanin Kraivichien of Thailand during the Malaysian leader's visit here from March 4 6, It was announced today. Foreign Minister Upadit Pachariyangkun said it would contain provisions allowingReuter - 65 words
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Article84 1977-02-08 1 UPI MUSAMI, Rhodesia, Mon. About a dozen black nationalist guerillas who said "we want our country" gathered eight white Catholic missionaries on a dirt road on Sunday night and shot seven of them to death, the lone surviving priest said today. Three of the dead were Jesuit priests,UPI - 84 words
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Article47 1977-02-08 1 KUALA TRENGGANU, Mon. Bank Pertanian here will lend about $4.5 million to farmers in the state this year, about $1 million more than the previous year, a bank spokesman said today. The biggest portion of the loan, $3.4 million, would go to tobacco planters-.47 words
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Article32 1977-02-08 1 UPI TOKYO, Mon. Private Railway Workers Unions have demanded monthly salary increases averaging 25,000 yen (Ss2o4) or up 17.2 per cent over the present level, this spring. UPI.UPI - 32 words
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Article33 1977-02-08 1 MANILA. Mon. The United States Agency for International Development (USAID) today signed an agreement granting an additional US$lO million (5524.5 million) loan to the Philippine Government for local waterworks projects.33 words
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Article40 1977-02-08 1 Reuter MANILA, Mon. A state of calamity has been declared in the Southern Philippine province of Surlgao Del Sur where thousands of rats are threatening large-scale destruction of rice crops, government officials said here today. Reuter.Reuter - 40 words
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Article44 1977-02-08 1 UPI NEW YORK, Mon. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 indust 949.47, up 1.58; 20 transp 228.41, up 0.63; 15 utils 109.31, up 0.13; 65 stocks 312.52, up 0.58. UPI.UPI - 44 words
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Chief Price Changes
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Article, Illustration178 1977-02-08 1 TRADING at the Stock Exchange of Singapore continued on a quiet note yesterday. But the closing tone was steady. However, on the options board, trading was mixed. Reflecting the narrow price movements, both the Business Times and Straits Times Industrial indices were fractionally higher at 261.70 and178 words
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Article109 1977-02-08 1 Rises Most active A Amal $3.74 .08 Haw Par 92.000 DBS S3 98 .06 Pan Electric 47.000 Golden Hope $3.42 06 Central Sugars 42.000 U.O. Band $3 44 .04 Inchcape 40.000 Benta $2.20 .04 Total Turnover: 0.71 M Haw Par $1.17 .02 Total Value MSI 38 M109 words
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1228 1977-02-08 1 NO RECOVERY YET FROM RECESSION THE latest official statistics published by the Economic Development Board show that foreign investment in Singapore has still not recovered from the recession that struck the industrialised world three years ago. For the first half of last year foreign1,228 words
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Article637 1977-02-08 1 THE mini-boom currently being enjoyed by Malaysian merchant banks operating in the interbank market there has whetted the appetites of some Singapore merchant bankers for greater freedom to operate in the interbank market here. Taking advantage of interbank borrowing rates rendered attractive by the presently high637 words
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Article171 1977-02-08 1 Jobless women outnumber men MANY more women than men are seeking work with the Employment Exchange at the Ministry of Labour here, according to the latest statistics from the ministry. Females made up 67.5 per cent of the 30,709 people registered with the ministry in November last year. Unskilled female171 words
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Article89 1977-02-08 1 Reuter TOKYO, Mon. Japan has no plan to propose a summit conference between Japan and the Association of South-east Asian Nations (Asean), Prime Minister Takeo Fukuda told Parliament today. Answering questions, Mr. Fukuda said he wanted to visit Asean countries Immediately after his forthcoming talks with USReuter - 89 words
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134 1977-02-08 1 BOL'STEAD Trading has won a million dollar contract to supply Hennessy Brandy for cabin consumption on all Singapore Airline aircraft. The one year contract (ending February 1977) was described by a spokesman for the trading company aa a prestige contract. Not much money is being134 words
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251 1977-02-08 1 Reuter LONDON, Mon. The International Tin Council (ITC) head of delegations meeting starting here today will consider legal opinion on whether the International Tin Agreement (ITA) can be extended for one year, delegate sources said. The meeting was called last month by ITCReuter - 251 words
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Article69 1977-02-08 1 Reuter NEW DELHI. Mon. The Indian Government today released socialist leader Raj Narain who challenged In court Prime Minister Inoira Gandhi's 1971 election to Parliament and has been detained without trial since June 1975. A spokesman for the opposition Janata (People's) Party said Mr. Narain hadReuter - 69 words
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Article, Illustration515 1977-02-08 1 DR. Yeoh Ghlm Seng was re-elected Speaker of Parliament yesterday, at the first meeting of the Fourth Parliament of Singapore. Dr. Yeoh was proposed by the leader of the House, Mr. E.W. Barker, and was unopposed. In his speech. Mr. Barker, who is also the515 words
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Article94 1977-02-08 1 THE President's address at the opening of Parliament today, will be telecast and broadcast live by RTS this evening. The address will be telecast on Channel Five at 8.25 pm and this will be followed by a Malay translation. Channel Eight will telecast a Chinese translation of the94 words
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Page 1 Advertisements
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Advertisement53 1977-02-08 1 =p un Available from better Hi-Fi dealers. 'W* -i INSIDE Overseas news/ TV ft Radio Overseas news/ Features Local Co news International Co news Local stocks Overseas stocks P7 P2 Commodities P8 Transport ft ComP3 munications PS P4 Features PlO P5 Local ft Overseas news PU P6 Local ft Overseas53 words
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Advertisement69 1977-02-08 1 Become an Option Account Shopper with Robinson's ■M- r-V'is 7a You can buy almost anything now and arrange payments to suit your personal budget. For further details, write to our Accounts Department for a brochure. I >( Mil \S( )XS SPECIALISTS' SHOPPING CENTRE Orchard Road Singapore 9 Tel: *****2 SHOPPING69 words
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Advertisement99 1977-02-08 1 U-BIX COMPLETE COPYING SYSTEM APS ELECTRONICS (PRIVATE) LIMITED Smg«por* T« *****2 IS Lmaai APS ELECTRONICS (M) SDN BHD KUALA lUMPU« T>l ***** EXPORT. GOOD FOR YOUR DUSIN6SS, GOOD FOR SINGAPORE. The Chartered Bank takes the complications out of export and puts the service in. More than 1500 branches all over99 words
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OVERSEAS
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318 1977-02-08 2 NYT WASHINGTON, Mon. Cuba has notified the United States that it wants to discuss the new American law establishing a 320 km. i fishing zone off this country s coasts, according to the State Department. The disclosure of the Cuban overture cameNYT - 318 words
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Article, Illustration488 1977-02-08 2 UPI RIYADH, Mon. Saudi Arabian leaders have told UN Secretary-General Kurt Waldheim the state of nowar, no-peace in the Middle East should not be allowed to continue, and threw their country's weight behind his attempt to reconvene the stalled Geneva Arab-Israeli peace conference.UPI - 488 words
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368 1977-02-08 2 UPI DAS ES SALAAM. Mon. Two key black African leaders have urged the United States to play a more active role In trying to avoid a racial bloodbath in southern Africa and to help engineer a peacceful transition of power in Rhodesia. AfterUPI - 368 words
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253 1977-02-08 2 Reuter NEW YORK, Mon. The crippling cold gripping North America may ease slightly in the next few days, the US weather service forecast. But yesterday for most Americans living east of the Rocky Mountains was bitterly cold, with the people ofReuter - 253 words
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323 1977-02-08 2 UPI TEL AVIV, Mon. Foreign Minister Ylgal Allon summoned the ranking US diplomat in Israel yesterday to express Israel's anxiety over Syrian troop presence for over two weeks in southern Lebanon. Mr. Allon met with US charge d'affaires Thomas Dunnlgan for nearly an hourUPI - 323 words
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Article256 1977-02-08 2 Reuter SEOUL, Mon. South Korea today reacted angrily to the reported claim by Japanese Prime Minister Takeo Fukuda to Tokdo, an uninhabited rock Island In the sea between South Korea and Japan. An authoritative Foreign Mlnstry source said It was beyond doubt historically and underReuter - 256 words
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Article73 1977-02-08 2 Reuter NEW YORK, Mon. US business conditions Degan 1977 on an encouraging note despite the abnormally cold weather, a National Association of Purchasing Management survey of purchasing managers shows. New orders and production rates improved, in- ventory liquidation ended and accumulation began, and forward commitments were extended, itReuter - 73 words
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Article304 1977-02-08 2 FINANCIAL TIMES LONDON, Mon. US companies have been accused of putting pressure on Metal Box, Britain's largest packaging company, to liquidate its investment in Israel In order to remove Itself from the Arab boycott list. The Israeli-sponsored Anti-Boycott Co-ordlna-tion Committee of the UKFINANCIAL TIMES - 304 words
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Article32 1977-02-08 2 SEOUL, Mon. Former premier Kim Jong-pil, special envoy of President Park Chung-hee. will visit Taiwan and 11 South American and African countries starting Feb 10, the Foreign Ministry said today.32 words
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557 1977-02-08 2 UPI LONDON, Mon. The Labour Government, lor the third successive year, is plunging Into Its annual battle to get trade union support for its fight to curb continuing high inflation in Britain. It is no easy Job. Reluctant union leadersUPI - 557 words
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Article167 1977-02-08 2 Reuter BRUSSELS. Mon. Italy's latest antl-lnf lation package, announced last week, received a tentative welcome from the Common Market Commission, EEC sources said. They said the Commission has not yet been informed of all the details, but at first sight It considers the measuresReuter - 167 words
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421 1977-02-08 2 AP TEHRAN, Mon. Deputy Prime Minister Mr. Akbar Etemad said yesterday Iran will press ahead with plans to develop Its own atomic energy programme despite strong opposition from the United States, which is trying to limit the spread of nuclear technology. Mr. Etemad, who headsAP - 421 words
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Article200 1977-02-08 2 AP NICOSIA, Mon. Surplus revenues of member countries of the Organisation of Petroleum Exporting Countrie.s are expected to amount to US$3B billion (5593.48 billion), $5 billion higher than was previously forecast, the Middle East Economic Survey (MEES) said today. MEES attributed this to aAP - 200 words
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Article102 1977-02-08 2 Reuter CANBERRA. Mon. The rise in the Australian manufacturers' prices slowed to 9.9 per cent in the 12 months ended November 1976, compared with a peak of 17.5 per cent in the year ended June 30 1975 the Statisticians Office said. Prime Minister Malcolm Fraser said lastReuter - 102 words
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833 1977-02-08 3 NICOSIA, Monday UPI SAUDI Arabia appears to have won the first round of the Opec battle over oil prices, but oil Industry experts say it still looks like a long fight. Barely a month after the Organisation of Petroleum Exporting CountriesUPI - 833 words
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407 1977-02-08 3 UPI WASHINGTON. Mon. A former United States ambassador to Saudi Arabia said yesterday that if Congress passes a Bill designed to break the Arab boycott of Israel, it may make it harder for the Saudis to keep oil prices low. Mr.UPI - 407 words
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Article460 1977-02-08 3 AP PITTSBURGH, Mon. A struggle for control of the United Steelworkers Union ends tomorrow in an election that will affect millions of American workers in other industries. The union, with 1.4 million members in the United States and Canada, is a recognised pace-setter inAP - 460 words
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Article60 1977-02-08 3 UPI SYDNEY. Mon. The current New South Waies (NSW) wheat crop is one of the best on record despite late rains, the Farmers and Grazier Co-operative said today. Tne crop totals five million tonnes and is valued at As3oo million a spokesman said. He said the valueUPI - 60 words
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222 1977-02-08 3 NYT MEXICO CITY, Mon. Mexico is planning to press the United States to lower protectionist trade barriers as a way of reducing its massive trade deficit with its northern neighbour. The need for more equitable trade relations will be one of the mainNYT - 222 words
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Page 2 Advertisements
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Advertisement497 1977-02-08 2 V w* A 'St 1 J >/ Y: 1,, V •1 > fj/' A '< v *;»> ':v* P _t 4 Southeast Asia has as many faces as there are eyes in a peacock's tail— And the Straits Times Annual has painted them all, in peacock-colours. Living up to a497 words
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Advertisement0 1977-02-08 2 *"^-+<_=(&,&)`_|_('>$/*.$]/;!?[0 words
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Page 2 Miscellaneous
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Miscellaneous324 1977-02-08 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Feb 7 at Singapore airport: Maximum temperature 32.1° C Associated humidity 51 Minimum temperature 23.6° C Associated humidity 89 Hours of sunshine 6.70 Rainfall in millimetres trace Total rainfall for the month 25.0 Total rainy days for the324 words
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Article, Illustration1081 1977-02-08 3 LEONARD SILK - By LEONARD SILK NYT THE talent of the oracle of Apollo at Delphi was to be able to issue prophecies and warnings that were strong but ambiguous. This Is a talent that still lives In Arthur Burns, the venerable chairman of the Federal ReserveNYT - 1,081 words
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Page 3 Advertisements
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Advertisement465 1977-02-08 3 Have you noticed how Bedford trucks keep on turning up in places where there's hara work to be done? BEDFORD TRUCKS AT CHANGI INTERNATIONAL AIRPORT Look at some of the toughest, roughest jobs going on around town today and you're bound to see Bedford trucks. In just about the biggest465 words
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COMPANY NEWS
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Article, Illustration853 1977-02-08 4 ARTHUR NG - By ARTHUR NG SINCE it achieved a turnround to profit in 1974, i Carlsberg Brewery Malaysia has been on a strong uptrend over the past three years. And by last June it had wiped out the losses accumulated in the bad years. With this development853 words
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COMPANY MEETINGS
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18 1977-02-08 4 Industrial Electronics Engineering Ltd.: Feb 10. 3 p.m.. 10A, Commonwealth Lane. Block 34. Buona Vista Estate. Singapore 3.18 words
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14 1977-02-08 4 Feb 12. 11 a.m.. No. 6 Tambun Road.lpoh.14 words
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20 1977-02-08 4 Feb 15, 10 a.m.. Registered Office, Penthouse. 10th Floor. Wisma Central. Jalan Ampang. Kuala Lumpur.20 words
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Article15 1977-02-08 4 Feb 16. 12 noon, No. 14 Jalan 223. Section 20A. Petaling Jaya.15 words
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Article16 1977-02-08 4 Feb 21. 11 a.m.. Bth Floor. U.M.B.C. Building. Jalan Suleiman, Kuala Lumpur.16 words
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Article15 1977-02-08 4 Feb 28. 12 noon, at Supreme House (11th Floor). Penang Road. Singapore15 words
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18 1977-02-08 4 Feb 28. 12.30 p.m. at Supreme House (11th Floor). Penang Road. Singapore.18 words
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Article183 1977-02-08 4 PROFIT at Killinghall Rubber fell by £13, 168 to £137,380 in the year ended June 30, 1976. This can be attributed to a reduction in tin tributes from land subleased to Killinghall Tin which fell by 116.128 from the 1974/75 contribution of t" 113.319. Although this London-re-gistered183 words
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Article57 1977-02-08 4 ESTIMATED 1976 profit, after depreciation and expenditure in the UK, at Tanjong Tin Dredging showed a 120 per cent Jump to £193,750 from £87,753. Interested and dividends received came to £60,000 (£62,599) while dividend on fourth buffer stock contributions was £26,250 (nil). There was a transitional tax57 words
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Article183 1977-02-08 4 Current payment Ex Date Date payable Total for the year Total for previous year U.M. Flour Sel. Dredging D. Keramat I'lu Benut N.B. Timber* Strait* Time* Time* Publishing M. Tobacco Idri* Hyd Tanjong Tin S.P. Textile Rahman Hyd. Yeo Hiap Seng(M) Gopeng Con. Pengkalen Yeo Hiap Seng K.L.183 words
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Article84 1977-02-08 4 Mr. James D. Farley, executive vice president of Citicorp and Citibank, has left Singapore after a three-day visit during which he had discussions with the management of the group's two merchant banks here He was accompanied by Mr. Curtis G. Anderson, vice president (regional business manager Asia84 words
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Article224 1977-02-08 4 LONDON. Thurs. After tailing from 1.693.000 to 1434,000 in the first six months car dealers Henlys reports an Improved pre-tax profit of C 1.9 million for the year to Sept 30. 1976 compared with t'1.86 million for 1974/5. Turnover, excluding car tax and VAT. rose from t'121.3224 words
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1044 1977-02-08 4 NYT NEW YORK: Two prominent businessmen from other parts of the country were encountered separately here earlier last week between their rounds of business meetings and other activities. While their backgrounds and viewpoints are dissimilar in some ways, both share the sameNYT - 1,044 words
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1440 1977-02-08 4 DAVID FISHLOCK - By DAVID FISHLOCK FT THE next decade Is likely to provide quite a novel experience, technologically speaking, for ICI, one of Britain's most Inventive companies. This Is the conclusion of i Its technical director, Mr. Robert Malpas. who, since his appointment to the ICIFT - 1,440 words
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946 1977-02-08 4 ROBERT LINDSEY - By ROBERT LINDSEY NYT MR FOSTER PARKER. 58-year-old president of Brown and Root went into a Houston hardware store on Jan 8 and paid U*****.52 for a .357 Magnum Rugger pistol and a box of Remington bullets. Six days later on Jan 14 hisNYT - 946 words
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Page 4 Advertisements
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Advertisement344 1977-02-08 4 V 8) tl *3 m to 1 m a When you're at a loss, just clutch your copy of New Directions and frown intelligently. 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 then344 words
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INTERNATIONAL COMPANY NEWS
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Article215 1977-02-08 5 Reuter MELBOURNE, Mon.- AAR said It brought In three new oil wells on Ceram Island, Indonesia, where it has a production sharing agreement with the state company Pertamina. The company said It received from existing wells on the Island 106,578 barrels In the quarter toReuter - 215 words
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Article94 1977-02-08 5 Reuter NEW YORK. Mon. Pan American World Airways in a statement denied any "knowlne" violation of anti-trust laws and said the Justice Department indictment against it, Trans World Airlines and Lufthansa is unjustified. The indictment said tne three airlines fixed prices in setting military excursion faresReuter - 94 words
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Article78 1977-02-08 5 Reuter ST LOUIS, Mon. McDonnel Douglas Corp said it budgeted US$5O.2 million for capital facilities in 1977 against $49 million In 1976. It said about $24 million will go to facilities in the St Louis area, including $13.4 million for McDonnel Aircraft tool purchases and $8.7 million for McDonnelReuter - 78 words
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Article76 1977-02-08 5 NEW YORK, Mon. Fourth quarter net profit at Tenneco rose to US$9l.7 million from $80.4 million, making $383.5 million ($342.9 million) for the whole of 1976. Revenue rose to $6.4 billion from $5.6 billion In the year, with $1.7 billion ($1.5 billion) from the last quarter. Earnings per share76 words
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Article748 1977-02-08 5 NYT DETROIT. Mon. Mr. Whzzroy D. Chapln Jr. stood before his first shareholders meeting as the chairman of the American Motors Corp. The company was, in his words, "being counted out." Since then, of course, it has survived and, In many years, prospered. But last WednesdayNYT - 748 words
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Article394 1977-02-08 5 AP MANILA, Mon. Ford Philippines, a whollyowned subsidiary of Ford Motor of the US, is in the red for the fourth time since it started operations here nine years ago. according to a report. The report said the latest figures submitted to the Philippines'AP - 394 words
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Article268 1977-02-08 5 BRUSSELS, Mon.- Metallurgy Hoboken Overpelt, one of Europe's biggest nonferrous metals processors, has announced higher profit for the year ending Sept 30, 1976. The net profit figure of 8.Fr.?72 million (£4.3 million) against 8.Fr.179 million, the year before Is in line with the net dividend announced a268 words
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Article186 1977-02-08 5 Reuter MELBOURNE, Mon. Conzlnc Rlotinto of Australia said Its Klmberley Joint-venture diamond prospect Is not as yet commercial. "The exploration programme Is still In the early stages of what Is essentially a long term, expensive, high risk undertaking," It said In a statement.Reuter - 186 words
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Article173 1977-02-08 5 NEW YORK, Mon. A drop In sugar prices caused net fourth quarter profit at Standard Brands to fall 23 per cent to U5516.41 million ($21.21 million) despite a sales rise of 6.7 per cent to $558.4 million ($523.3 million). Brands said the drop In sugar prices during173 words
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Article131 1977-02-08 5 Reuter PARIS, Mon. The French Elf-Aqultalne oil group expects 1976 consolidated turnover will be around 34 billion francs against 30.7 billion the previous year, the companv said in Its latest monthly bulletin. Group consolidated cash flow, excluding capital gains on stocks. Is likely to be lower atReuter - 131 words
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Article71 1977-02-08 5 Reuter TOKYO, Mon. Nissan Motor said its vehicle production in the first quarter of this year will decline to about 530,000 units from about 605,000 in the preceding quarter. Nissan said the decline is due to a switch of its smallsized truck production to a newly completed factory atReuter - 71 words
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Article48 1977-02-08 5 SYDNEY, Mon. Net profit at Lend Lease Corp rose to A 55.65 million from $4.74 million in the first half-year ended Dec 31, 1976, on gross revenue of $121.29 million ($130.78 million). It has declared a maintained interim dividend of 6% cents, payable on March 14.48 words
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Article1175 1977-02-08 5 Vartanig G. Vartan - CROWD PSYCHOLOGY By Vartanig G.Vartan NYT IN EARLY 1972, the nation's top money managers met at the institutional Investors conference in New York and, in a poll, expressed the conviction that the airlines would be the best performing Industry for the balance of that year, and whatNYT - 1,175 words
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Article657 1977-02-08 5 NYT NEW YORK, Mon. "Blitzkrieg" Is how Mr. William Chatlos, a specialist In stockholder relations, describes the llghtnlng-fast tender offers by "corporate raiders" who move unexpectedly to take over another company. This year will see many such blitzkriegs, Mr. Chatlos predicts. In his view, the relativelyNYT - 657 words
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Page 5 Advertisements
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Advertisement35 1977-02-08 5 Socialism explosive trade union and student movement" and intellectual r/t e S/„ Bapo re =55 Ar X v X •Sfc V v V m FEDERAL PUBLICATIONS No. 1 New Industrial Road Singapore 19. Tel: *****4535 words
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Article1986 1977-02-08 6 mtm High Low Company Lmmt Sale +orGr'i Div Dfr Crr N«t P/K Vai Day High Low SECTION ONE INDUSTRIALS 175* 131 206 100 237 186 201* 204 248 460 133 130 172 60 185 66 127* 149 172 386 Ac ma Acma A Alcorn Allied1,986 words
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Article1115 1977-02-08 6 BID and offer prices officially listed and business In and reported to the Block Exchange of Singapore yesterday with the. number of shares traded shown In brackets In lots of IQOO units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,115 words
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Article1216 1977-02-08 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Acmi (1 438 1.458). A. Tap* (042B) (1) 0 42 Alaam1,216 words
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Article119 1977-02-08 6 STRIKING price* of the stock option* officially liated on the Stock Exchange of Singapore, the period*, bid and offer prices and buaineaa done yesterday, with the number of option* traded shown in brackets. D.B.S. (June $3.90) (0.26 *B 0.275) (2) 0.26*, (29) 0.27. Inchcape (June $2.40) (0.208 0.20*5)119 words
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Article148 1977-02-08 6 SINGAPORE UNIT TRUST (Manager*' prices for Feb 8) The Commerce 1.75 1.85 The Saving Fund 0 95 1 00 S pore Prog Fund 0 80 0 85 S pore Security Fund 1.33 140 Spore Invest Fund 1.05 1.11 ASIAN UNIT TRUST (Managers' price* for Feb. 8) K?! iP148 words
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Article181 1977-02-08 6 B T 8 1/2% 1981 (100,000) (102*.8 103 D B S 8 1/2% 1982 (100,000) 100' iS) DBS Convert* 6 1/2% 1991 (100,000) (96*8 97>45) Elßn 1982 (100,000) (102*B 103%.5) E I B 8 1/4% 1983 (100.000) (9958 100*S) I B J 8 1/2% 1981 (100,000) (!01 7181 words
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Article81 1977-02-08 6 5 1/2% 1/10/77-79 ('1,000,000) (101.608 101.758X1)101.65 5 1/4% 15/10/79 (1,000,000) (101.008 101.18S) 6 3/4% 15/S/80 (1,000,000) (102.958) 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 F 15/10/81 (1,000,000) (101.40B) 5 3/4% T F 15/6/81-84 (1,000.000) (102 655) 7 1/4% 15/4/86 (1,000,000)81 words
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Page 6 Advertisements
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Advertisement134 1977-02-08 6 menoffm TuTEOOD START Professional Examination Courses Institute of Administrative Management Institute of Bankers Inst, of Chartered Secretaries and Administrators Institute of Statisticians London Chamber of Commerce and Industry moi with mmi publications HOME STODIfS DIVISION 1 Business studies courses WOLSEY HALL COURSES Economics Commerce Administrative Practice Secretarial Company Secretarial Practice134 words
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Article470 1977-02-08 7 SHARES moved narrowly to finish on a steady note at the Stock Exchange of Singapore yesterday. By and large, operators were still rather noncommittal in view of the lack of both range and a definite direction. Activity was, therefore, confined to covering account and speculative buying was470 words
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Article413 1977-02-08 7 TRADING turned very quiet and cautious at the Kuala Lumpur Stock Exchange yesterday. However, on balance, prices closed marginally higher. The market opened barely steady and prices drifted uncertainly throughout the morning session. Values, however, managed to harden slightly towards the close due to lifeht413 words
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Article113 1977-02-08 7 Reuter HONGKONG, Mon. Jack Chia International has declared a second Interim dividend of 2.5 HK cents, making a total of five cents to-date for the current year ending March 31. It expects to pay a final dividend of not less than six cents, making a total ofReuter - 113 words
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Article32 1977-02-08 7 LOS ANGELES. Thurs. Union Oil of California said it plans capital expenditures of US$B3B million in 1977. The company also said it has no plans for major financing this year.32 words
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OVERSEAS MARKETS
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Article455 1977-02-08 7 SYDNEY, Some energy stocks were firm in an otherwise dull market, dealers said on Monday. The Sydney All-Ordinaries Index fell 4.17 points to 434.34. Pancoatineatal rose 34 cents to $8.80 and QLD Mines and Ocean Resources were marginally firmer, while BeUambi rose 40 cents to $5.00 on Its higher455 words
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Article401 1977-02-08 7 HONOKONO: The market closed sharply higher In fairly active trading on Monday, extending last week's gradual build up as buying Interest returned following recent dull trading, dealers said* The Hang Seng Index rose 5.99 points to 441.91. Reports from Japan that the Finance Ministry Is considering liberalising share Investment401 words
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Article449 1977-02-08 7 TOKYO: Share prices closed slightly higher on Monday on sporadic selective buying In some blue chips and populars. dealers said. The Dow Jones average gained 2.11 to close at 5.078.75 with volume 250 million shares, while the New index closed at 382 46, up 0.38. Some commodity marketrelated shares449 words
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Article79 1977-02-08 7 FEB 07 Bahts Asia Fibre 119 unch Bangkok Bank 247 unch Bangkok Invest 1478 Bangkok-Metro-politan Bank Bata 37 IS unch BerllJucker 1M Charoong Thai Wire 1838 Dumex Duslt Thanl Faber Merlin First Trust Indo-Thal J And J Ho 192 -1 Jalaprathan Cement 83 -1 Karnasuta Lee KwangMIn Metal Box79 words
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Article164 1977-02-08 7 MANILA: The market closed lower on decreased turnover although Benguet Consolidated rose $1.20 to 510.90, dealers said on Monday. Atlaa Con A and B, Baguio Gold, Marinduque B. Philex A, PLDT, Phil Overaeaa, San Miguel A, Oriental A and Seafront all lost ground. Unchanged Issues Included Acoje Mining, Inco164 words
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Article356 1977-02-08 7 LONDON, Wed. Last February's two-for-nlne rights issue by Stenhouse Holdings has helped to strengthen the balancesheet and put the company in a strong position to go ■forward, says Mr. Gavin Boyd, the chairman. In the year to Sept 30, 1976, group pre-tax profit jumped from £4.98 million to356 words
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818 1977-02-08 7 NYT NEW YORK. Mon. The bond markets are now over their January slump, and they may well rally In the near term, Mr. OaUen Slnal of Data.Resources confidently predicted late last week as the credit markets were staging their first strong price advanceNYT - 818 words
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607 1977-02-08 7 NYT NEW YORK, Mon. Tens of thousands of people In New York and seven other states may lose millions of dollars because of the financial difficulties of two little-known companies that sold them money orders to pay their rent, electricity, Insurance and other basicNYT - 607 words
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Article842 1977-02-08 7 Christopher Lorenz - By Christopher Lorenz FT OVER MUCH of the past quarter of a century, Falrchlld Camera, and Instrument, has belled Its name. Best known as a manufacturer of electronic components, and particularly integrated circuits. It has done more than any other company to shape the characterFT - 842 words
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Article203 1977-02-08 7 SAN FRANCISCO, Mon. Record results for 1976 have been reported by Levi Strauss, with net profit rising 61.9 per cent to US$lO4.B million ($64.7 million) on a sales rise of 20 per cent to 51.2 billion ($1 billion). Fourth quarter net profit rose 41203 words
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Article60 1977-02-08 7 Reuter NEW YORK.Mon.— American International Group said It filed for the proposed public offering of US$6O million of notes due March 1, 1987. Managers of the offering will be Morgan Stanley and Loeb Rhoades The Company said the Issue will be offered In late February and theReuter - 60 words
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Article60 1977-02-08 7 LONDON. Mon. Gulf and Western International Finance NV's Eurobond note Issue has been Increased to US$5O million from $40 million and priced at par, Kidder Peabody International said as lead manager. The notes will carry a coupon of BV4 per cent and will mature In 1984, and60 words
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Article18 1977-02-08 7 NEW YORK, Mon.. General Foods Corp nas Increased Its quarterly dlvldent to 41 UScents from cents.18 words
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Advertisement98 1977-02-08 7 CCpiIQF a BRIGHTER FUTURE in ACCOUNTANCY with FOUIKS LYNCH Enrol now with FEDERAL PUBLICATIONS Home Studies Division for the following FOULKS LYNCH Courses Association of Certified Accountants Institute of Cost and Manaaement Accountants Association of International Accountants Institute of Taxation Institute of Accounting Staff Society of Company and Commercial Accountants98 words
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COMMODITY REPORTS AND PRICES
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Article562 1977-02-08 8 AFTER an about unchanged opening, the Singapore rubber market yesterday advanced gradually by one cent on fair demand for March from both local and upcountry sources. Towards the morning close, however, prices eased slightly on some profittaking. Turnover was small. The morning session closed quiet, with February RSS562 words
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Article111 1977-02-08 8 DAILY SSR and SMR prices at noon yesterday: R.A.8. Feb. (Current Mth) Buyers Sellers (cents per kf > Mar. (Forward Mth) Buyer* Seller* (cent* per k«) SSR 20 SSR 50 (1-ton Pallet) (1-ton Pallet) 189 00 186 SO 190.00N 187 50N 190.50 188 00 191.50N 189 00N111 words
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Article125 1977-02-08 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut OH: Bulk $85 sellers, old drum S9O sellers, new drum SO5 sellers Copra: Mixed (loose) UK/Cont. $55 buyers. Pepper: Muntok ASTA white f o.b. 100% NLW $350 sellers. Sarawak white f o.b. 96% NLW $330 sellers. Sarawak125 words
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Article117 1977-02-08 8 THE Straits tin price in Penang yesterday was up $21 to 91,534 on an official offering up 20 tonnes to 250 tonnes. In LONDON yesterday, tin advanced by around £72 (for Cash and £85 for Three Months in both contracts at the mid-day closing. Values moved up initially117 words
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Article30 1977-02-08 8 Rubber: Feb 7 Singapore: Feb. 200.50 cts (up 0.25 cU.) Malaysia: Feb. 205.75 eta (up 0.50 cts) Tin: $1,534.00 (up $21.00) Official offering: 250 tonnes (up 20 tonnes).30 words
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Article186 1977-02-08 8 IN the Singapore gold market yesterday, the kiolbar was thinly traded In the range of 5510.575 to 5510.605. For loco London delivery, the metal opened at U*****.60/133.00 and in good two-way business. The price closed at the highs of the day at U*****.10/133.50. The London morning fix was U*****.30,186 words
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Article112 1977-02-08 8 LONDON, Moil. Copper wlrebars gained £2 per tonne for Casto and £3.50 for Three Months. The initial firmness reflected Friday's New York level, with moderate covering support, lifting Three Months to £866 per tonne during pre-market and early ring dealings. The movement soon ran out of steam as fairly112 words
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Article53 1977-02-08 8 LONDON, Mon. Zinc had gains of mostly £4.75 per tonne. Values were marked up In sympathy with other base metals, and Three Months traded up to £426 per tonne in the pre- market. Dealers said, some hedge selling and profit-taking emerged in the ring and the advance was pared53 words
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Article79 1977-02-08 8 LONDON, Mon. Lead rose by £8.25 per tonne for Cash and £10.50 for Three Months. The market gained further impetus from fresh speculative and chartist buying, which took Three Months up to a record £370 per tonne during pre-rlng trading, dealers said. Scattered profit-taking pared values in the ring79 words
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Article61 1977-02-08 8 LONDON, Mon. Silver showed gains ranging from 1.7 to 2.4 pence per troy ounce. Dealers said, sentli ment was encouraged by Friday's New York gains and by higher gold this morning. After touching 272.6 pence for Three Months In early dealings, prices slipped back a little under profit-taking, with61 words
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Article195 1977-02-08 8 LONDON, Mon. Coffee futures advanced at the opening on across-the-board buying, featuring local dealers commission houses and trade. However, futures then turned Irregular, with near positions holding earlier gains, but forward positions backed off 'the trade around the lows. Values at end-call were £74 to £57 per tonne up195 words
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Article148 1977-02-08 8 LONDON, Mon. Terminal opened quiet, with local selling and long liquidation pushing prices, inducing losses of £1.25 to £0.75 below Friday's levels. Sales totalled 1,261 lots. Dealers said there was no fresh news and they felt that the prospect of Indian white sugar sales In the near future was148 words
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Article216 1977-02-08 8 BANGKOK, Mon. Indicative prices for rice quoted in Bangkok were: US dollars pier tonne fob basis Bangkok. 100 per cent Ist class 282 100 per cent 2nd 267 100 per cent 3rd 262 5 per cent 254 10 per cent 233 lb per cent 230 20 per cent 227216 words
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133 1977-02-08 8 Reuter MELBOURNE, Moh. A number of factors are currently clouding the outlook for the wool textile Industry In 1977 in the major wool consuming countries, the Australian Wool Corp (AWC) said. Its January "Monthly Perspective" said these Include slow retail sales, a subdued economicReuter - 133 words
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764 1977-02-08 8 AP LONDON, Mon. Preliminary talks aimed at drafting a second International Sugar Agreement (ISA) have ended here without settling the question of whether the United States and the European Common Market will take part In the agreement. This will be decidedAP - 764 words
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179 1977-02-08 8 KUALA LUMPUR, Mon. The Member of Parliament for Kuala Lumpur Bandar, Mr. Lee Lam Thye, called on the Government on Sunday to clarify what had been done to ensure that Malaysians would benefit from the drop In international sugar prices. He said at a constituency179 words
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Article360 1977-02-08 8 MALAYSIA'S tin production In 1976 dropped to 62,480 tonnes though the average price for the year was $1,144.27 per plcul. Last year's production was 860 tonnes less than the 63,340 tonnes produced In 1975. Malaysia accounts for 40 per cent of the world's production. The360 words
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MONEY AND EXCHANGES
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Article561 1977-02-08 8 INTEREST rates for One Month deposits In the Singapore domestic money market rose by V« point yesterday, following heavy bids from borrower banks to cover their term positions over the coming Chinese New Year festive season. From the opening of 4V4 per cent to 4 3/16 per cent, One561 words
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Article178 1977-02-08 8 Asian rates ASIAN currency deposit Interbank rates as at close on Feb 7 L'S Dollar* I Spot 1 Offer Bid 7 days 1 mth 2 mthj 3 mths 6 mths 9 mths 12 mths 4 11/16 4 9/16 4 7/8 4 3/4 5 4 7/8 5 1/4 5 1/8 5178 words
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Article52 1977-02-08 8 RANGE of prices offered by discount houses on Feb 1 Overnight 2 to 3% Call deposit 3% Ck»in| Bay Selling 3-Month Treasury bills 3 1/16 2 15/16 3-Month Banks bills 4 1/16 3 15/16 3-Month CD 4 1/2 4 5/16 6-Month CD 4 51 4 7/16 Source: National52 words
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Article57 1977-02-08 8 Minimum lending rates (in 1 ACBC 6*. First Chicago Algemene Bank 6* Citibank 6*. Bangkok Bank 7* HSBC 7 Bank of America 6*. Indosuez 6* Bank of China .7 Malayan Banking 6* Bank of Tokyo 6S Mitsui Bank 8*. Bank Negara OCBC Indonesia .7 OUB Chartered Bank UCB... 7 Chase57 words
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Article229 1977-02-08 8 LONDON, Mon The dollar strengthened against continental currencies In thin early trading, extending Its gains of late Friday in response to a sharp fall In US unemployment, dealers said. It moved to 2.4240/50 marks from Friday's close of 2.4215/30 marks, with similar advances against the guilder and Swiss franc.229 words
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Article111 1977-02-08 8 HONGKONG, Mon. The US dollar closed at HK54.6450/ 6470 In quiet trading after opening at $4.6490/6510 and drifting downwards throughout the day, dealers said. Sterling was very steady throughout the day on limited business. It closed unchanged on Friday's New York level of U551.7155/ 7160, compared with a local111 words
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Article107 1977-02-08 8 TOKYO, Mon. The dollar for overnight delivery closed lower at 288.00 yen, compared with 288.20 yen at the opening and 288.15 yen at Friday's close. Initially it rose to 288.35 yen. as some Japanese banks covered their import settlement needs and traders carried out import cover in the forward107 words
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Article121 1977-02-08 8 Euro rates LONDON, Mon Eurodollar deposits opened slightly easier and although little changed in early light trading, had a slightly softer undertone, dealers said. They noted a slow start to trading, continuing the recent quiet trend, with early Singapore interest lighter than usual. Recent quiet conditions stemmed from a lack121 words
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Article189 1977-02-08 8 THE MANILA Electric Co of the Philippines Is coming to the Asian dollar market for US$4O million. The loan will almost ceertalnly be suppiled through Hongkong rather than through Singapore. This Is because the merchant bank leading the syndication effort Asia Pacific Capital Corporation (Apco)189 words
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Article52 1977-02-08 8 AUSTRALIA/ NZ exchanges quoted on Feb 7 Australia: Sterling 0.6368/ 0.6299 US dollar 1.0891/ 1.0843 Ninety-day air mall buying rates: Sterling 0.6636 US dollars 1.1150 Ninety-day forward buying rates: Sterling 0.6510 US dollars 1.0917 New Zealand: Sterling 0.5555/ 0.5524 US dollar 0.9574/ 0.9474 Ninetv-dav forward rate: Sterling: unavailable US52 words
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Article33 1977-02-08 8 FRANKFURT exchanges opening quotes on Feb 7. US 2.4235/50 (2.4225/45) Can 2.3700/20 UK 4.155/170 Neth 95.63/78 Switz 96.07/22 Italy 2.740/755 Franc 48.65/80 Norw 45.51/58 Belg com 6.520/535 Belg fin 6.52/53 Japan 0.8410/2533 words
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Article273 1977-02-08 8 LONDON, Mon Straight dollar bonds were largely unchanged to slightly firmer in moderate activity, dealers said. Convertible bonds traded quietly, with Japanese issues generally fractionally firmer and US dollar bonds, slightly harder where changed. Eurobond prices quoted on Feb 7 Straight* Bid Offer Alcan 9%Pc 1988 104% 105273 words
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Article58 1977-02-08 8 Reuter HONGKONG, Mon. The I state-owned foreign trade Bank of Vietnam Is seeking a 30-million mark, threeyear loan at an Interest of 1.75 per cent above London Interbank offered rates, banking sources said. Lead manager, Indosuez Asia, Is currently seeking partners In a syndicate of banks, mainlyReuter - 58 words
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Advertisement445 1977-02-08 8 T^SINC nu SINGAPORE v '7 VOL 1 NOt 1997 PHIC£ S3OC VoC+O+t% locoipofsting SinvworaHvd* Alnduatry 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 get445 words
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TRANSPORT AND COMMUNICATIONS
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753 1977-02-08 9 DAVID CURRY - By DAVID CURRY Financial Times THE DECISION by Western Airlines of the United States not to give the European airbus consortium Its first American orders after It had been believed that eight firm orders and eight options were in the bag has served aFinancial Times - 753 words
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Article, Illustration1147 1977-02-08 9 JOHN HUNT - Last year around 100,000 new drivers took to Britain's already overcrowded roads and as more and more commuters become dissatisfied with rail fares and service the country looks to be heading towards one giant traffic jam. in LONDON— By JOHN HUNT Financial Times PEOPLE are aFinancial Times - 1,147 words
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377 1977-02-08 9 A CONTAINER feeder vessel service, run by Fesco Line, now links Nakhodka to Singapore. The thricemonthly service began last week when the first corw tainer feeder vessel, the "Pioneer Slavyanki", called here. The service comprises three ships, each with a container capacity of377 words
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Article, Illustration337 1977-02-08 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Jurko Topic (SLRH) (Prima Wheat) (2300 after Mintsung hauls) (Draft 9.5 m) 6/7 Meridian (0600 after DJatinegara) 38/39 Mintsung (1830 hauls after Main Lloyd) 8/9 Perak (0600 after Keningau) 20 West Shoko Maru (Tanker) (after Straat Luanda sails) (Subject Gas Free) 14 Sumber337 words
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Article557 1977-02-08 9 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKG/KUL TMA TL303B 0215 BEY/DXB/BOM/ KUL MAS MH682 0810 KCH JAL JL712 1000 HLP SIA SQ211 1010 HLP OIA GA980 1030 HLP GIA GA908 1100 MES SAS SK971 1130 CPH/BKK RBA BI325 1155 BWN SIA SQ201 1200557 words
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Page 9 Advertisements
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Advertisement100 1977-02-08 9 A wealth of answers to scientific phenomena LIFE SCIENCE IJ KHAKI A thousand questions you've asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular theory mathematics the100 words
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Article643 1977-02-08 10 ROY LEVINE - Proposals in a new report on industrial democracy in Britain would, if implemented, put unionsponsored workers on more than a third of company directors' chairs the most revolutionary boardroom system in the world. By ROY LEVINE Financial Times BRITAIN'S biggest companies are facing a boardroom revolutionFinancial Times - 643 words
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Article, Illustration1287 1977-02-08 10 JOHN ROBERTS - By JOHN ROBERTS Reuter MALAYSIA'S southernmost state of Johore, seemingly on the verge of a breakthrough to Industrial development, Is now an example of Just how recession in the developed world can hit the best laid plans to Third World countries. The state and federal authoritiesReuter - 1,287 words
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860 1977-02-08 10 KUALA LUMPUR, Monday FLUSH money conditions in recent months have benefited the net borrowers of funds from the interbank market, mainly the merchant banks and the foreign banks with one-branch operations. Interest rates for term money, that is, from one to860 words
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654 1977-02-08 10 LETTER TO THE EDITOR I READ an article concerning productivity in the financial industry (Business Times. Jan 28). In this article It was stated that "the productivity in the financial sector is not only higher but also had increased at a faster rate654 words
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485 1977-02-08 10 DAVID JENSEN - By DAVID JENSEN Reuter IN A RARE Burst of unanimity. Australians from manual workers to bankers and politicians of all hues are urging the Liberal National Country Party government to reduce personal income tax—which this year is expected to total aReuter - 485 words
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Advertisement192 1977-02-08 10 J ASM RESEARCH BULLETIN This unique publication offers businessmen each 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. The Bulletin is divided into six separate reports of about 8,000 words each. There192 words
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307 1977-02-08 11 UPI SEOUL, Mon. Foreign Minister Park Tong-Jin said today South Korea Is willing to take part In an International meeting seeking an alternative to the present Korean armistice agreement, In effect since the end of the 1950-53 Korean War. Mr. Park, however, saidUPI - 307 words
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Article247 1977-02-08 11 FINANCIAL TIMES LONDON, Mon. New rules requiring the disclosure of all share stakes In excess of five per cent, of a company's shares, and powers for listed companies to inquire into nominee shareholders, are to come into force on April 19 this year. This wasFINANCIAL TIMES - 247 words
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Article155 1977-02-08 11 UPI THE HAGUE, Mon. Thousands of workers went on strike throughout The Netherlands today in protest against employers' refusals to give automatic cost-of-living raises in 1977 contracts. Hardest hit by the strikes were the world's largest port at Rotterdam, where 1,100 men refused to work,UPI - 155 words
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Article148 1977-02-08 11 Reuter BANGKOK. Mon. A number of Thai newspapers sent photographers to Bangkok's international airport today as rumours swept the capital that former military leader Colonel Narong Kittikachorn was returning from exile. Col. Narong went Into exile along with his father, former Premier Thanom Kittikachorn, andReuter - 148 words
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Article118 1977-02-08 11 THREE suits totalling $308,295.75 were filed in the High Court yesterday against Sincere Metalware Industries. The first two, by Inchroy Credit Corporation were for $223,076.61 and $74,459.14, alleged to be due under six and five hire purchase agreements. Marine Logistic Services filed the third suit for118 words
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468 1977-02-08 11 AP TOKYO, Mon. Prime Minister Takeo Fukuda said today his Government Is Investigating alleged payments by South Korea government agents to Japanese politicians as part of an Influence buying plan. The Prime Minister, answering a question from Mr. Masashl Ishlbashl, Secretary General of the JapanAP - 468 words
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582 1977-02-08 11 AP NEW DELHI, Mon. India's ruling Congress Party, shaken by a series of surprise political reversals to Prime Minister Indira Gandhi, today prepared a counter attack to bolster Its campaign for the March parliamentary elections. Party officials, clearly dispirited by a massive outpouringAP - 582 words
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652 1977-02-08 11 KUALA LUMPUR. Mon. Unions and staff associations in the statutory bodies and local authorities have hinted that they will make major changes in the machinery through which they conduct pay and other negotiations. They suggest that the present system may break down652 words
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785 1977-02-08 11 RAM SURESH - By RAM SURESH Reuter A VICTORY mood still pervades this capital more than 18 months after the end of the Vietnam war. A visitor is struck by the apparent lack of regimentation among the two million people who live in theReuter - 785 words
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114 1977-02-08 11 AP MANILA, Mon. The provisional military government of the socialist Ethiopia and the Philippines have agreed to establish diplomatic relations and to exchange mutually accredited non-resident ambassadors, the Philippine Department of Foreign Affairs announced today. In a statement, the Department said "The establishment ofAP - 114 words
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Article103 1977-02-08 11 AP HONGKONG, Mon. Some 1,500 delegates from 35 countries attended the opening ceremony of the 26th annual conference of the Pacific Area Travel Association (PATA) today at Hongkong's newlyopened oceanarlum. The four-day conference was declared open by Hongkong's chief secretary Sir Denys Roberts. After theAP - 103 words
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Article130 1977-02-08 11 Reuter TOKYO, Mon. South Korea has categorically denied bribing members of Japan's ruling Liberal Democratic Party (LDP), Foreign Minister lichiro Hatoyama said today. Mr. Donald Ranard, former director of the US State Department's office of Korean Affairs, told journalists last month that agents of theReuter - 130 words
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Article143 1977-02-08 11 Reuter JAKARTA, Mon. Indonesia's Defence Minister, General Maraden Panggabean. has said here that the planned withdrawal of American forces from South Korea would not pose a threat to the security of the Association of South-East Asian Nations (Asean). Gen Panggabean was answering a question on theReuter - 143 words
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Article150 1977-02-08 11 AP MANILA, Mon. Saudi Arabia and the Philippines have reached an agreement allowing air traffic between them, the Foreign Office said today. It said the arrangement will help Filipino Muslims who want to join the annual pilgrimage to Mecca. Undersecretary of Foreign Affairs Jose Ingles andAP - 150 words
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Article61 1977-02-08 11 AP SUVA (Fiji), Mon. Prime Minister Ratu Sir Kamisese Mara announced today that a general election will take place between March 19 and April 2. This will be the second election since Fiji became independent from Britain In 1970. A 1972 election gave the ruling Alliance PartyAP - 61 words
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Article, Illustration671 1977-02-08 11 STOCK EXCHANGE OF SINGAPORE THE annual New Year buoyancy in the Singapore stock market lasted only about one week in January this year. After the first week, share prices reacted and headed lower on profit-taking and stop-loss liquidation which eventually wiped out the initial gains. On671 words
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Article74 1977-02-08 11 AP BANGKOK, Mon. Yugoslavia and Cambodia signed an economic and commercial co-operation aggrement during the visit of a Yugoslav delegation to Phnom Penh. A Radio Phnom Penh broadcast over the week- end said the agreement was signed on Feb 3 but gave no details of the contents.AP - 74 words
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Page 11 Advertisements
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Advertisement299 1977-02-08 11 IAPPOINTMENTS d' r, 3]' ADVISOR/ We have a vacancy in our Marine Supply Department for a Marine Advisor/Port Engineer. The successful candidate will undergo an initial training peri 1 as Marine Advisor and pending satisfactory egress will be promoted to Port Engineer and Ibe responsible for the repair and maintenance299 words
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Advertisement225 1977-02-08 11 RELATIONS MANAGER A major public Company invites applications for the position of Public Relations Manager. A background in journalism, law and/or public relations work would be advantageous, but of most importance is a demonstrable understanding of the communications process and an ability to communicate both orally and in written The225 words
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322 1977-02-08 12 AP NICOSIA, Cyprus, Mon. The Middle East Economic Survey reported today that Saudi Arabia and the United Arab Emirates might accept a 1977 oil price Increase of about 7.5 per cent as a compromise to the present, two-tier pricing system. Saudi ArabianAP - 322 words
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Article262 1977-02-08 12 KUALA LUMPUR, Mon Malaysia and a consortium of eight French banks today signed a M 551.4 million loan agreement to help finance mainly power and communication projects under the Third Malaysia plan. The agreement was signed at the Treasury operations room by the secretary-general of262 words
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142 1977-02-08 12 SYDNEY. Mon. Australian physicists today claimed a solar energy breakthrough which they said could make it economical for use both in industry and in the home. A team of four physicists at Sydney University believe their new process is much more efficient and cheaper142 words
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Article812 1977-02-08 12 LONDON. Mon The stock market closed mostly easier after earlier steadiness reflecting the Increased wholesale price index for January, dealers said. At 3 p.m.. the Financial Times index was down 1.4 at 402 4 Government stocks were unchanged to 1/8 easier among shorts after 1/4 point rises, while812 words
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201 1977-02-08 12 GREATER economic and political co-operation between Asean countries has improved the region's investment potential in the eyes of American investors. The director of the United States Trade Centre, Mr. George Clausen, said yesterday that American capital equipment firms have expressed confidence that the201 words
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Article126 1977-02-08 12 AN "Asean Week" in West Germany featuring the culture, folklore, tourism and economy of the five Asean partners, has been scheduled for the first week of September. It Is being organised by a leading publisher in Tubingen together with the city of Tubingen itself126 words
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146 1977-02-08 12 KUALA LUMPUR, Mon. Timber exporters and shippers will be consulted early before any increase in the shipping freight rates is imposed. The Malaysian International Shipping Corporation said today it would give sufficient time to the timber trade the normal current plus two months' notice for146 words
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Article351 1977-02-08 12 WASHINGTON. Mon. Malaysia's share of world production and exports of palm oil will likely reach 57 per cent and 78 per cent, respectively by 1980, the US Agriculture Department publication "Foreign Agriculture" said. Last year, Malaysia produced an estimated 1.40 million tonnes of351 words
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358 1977-02-08 12 A NEW Joint venture company between the Thai and Singapore government will be set up to market Thai agricultural produce, livestock and fisheries products in Singapore. Sing-Thai Grains (Pte) Ltd will also be the sole agent here for all sales and purchases of goods358 words
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470 1977-02-08 12 Reuter KUALA LUMPUR. Mon. The President of India today advised Malaysia to be cautious of foreign Investments. He said they should only be allowed minority Interests In industrial ventures. "Foreign investment to be useful must bring In new technology and must not be allowed toReuter - 470 words
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Article294 1977-02-08 12 BRUSSELS, Mon. In the opening salvo of a developing trade war with Japan, the European Economic Community today slapped heavy duties on Japanese manufacturers who allegedly dumped steel bearings In the nine-nation Community. An investigation by the Common Market's executive commission upheld charges by European steel manufacturers294 words
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199 1977-02-08 12 KUALA LUMPUR. Mon. Malaysia and Indonesia will discuss stepped-up cooperation in all fields related to the security of both countries at their eighth General Border Committee meeting which begins here tomorrow. The Indonesian Defence and Security Minister General Tun Maraden Panggabean, who will lead199 words
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Article175 1977-02-08 12 THE Far Eastern Freight Conference (FEFC) and allied conferences have written to shippers' councils in Europe and the Far East that they wish to have discussions with the councils on a general rate increase. These councils include the Federation of Asean Shippers' Councils (FASC).175 words
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Article140 1977-02-08 12 A 10-MEMBER fact-find-ing mission from the Singapore Chinese Chamber of Commerce (SCCC) plans to leave for Hanoi on Feb 22 for a two-week visit. The visit is to promote trade between the two countries and to explore the possibility of joint ventures, especially140 words
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Article110 1977-02-08 12 KUALA LUMPUR. Mon. The chairman of Alfred Dunhill Ltd.. Mr. Richard Dunhill, arrived here today for the opening of the Dunhill Centre at Jalan Tun Ismail on Wednesday. Mr. Dunhill. the grandson of Alfred Dunhill (founder of the business) is currently on a world tour of110 words
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290 1977-02-08 12 CLIFFORD Holdings' advertisement for tenants for its revolving restaurant cum look-out deck is probably one of the longest running classifieds in the property column of the Straits Times. The little ad has been appearing for the past 20 months, and since last November290 words
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Article, Illustration763 1977-02-08 12 THE ABDULLAH MAJID CONFESSION KUALA LUMPUR, Mon. Malaysia's former Deputy Minister of Labour, Enclk Abdullah Majld, tolrl a nation-wide television audience tonight that after the fall of the Indo-chlna states to communist victories in 1975, he had come to believe the inevitability of763 words
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Article100 1977-02-08 12 MR. Run me Shaw, former chairman of the Singapore Tourist Promotion Board (STPB) received a pewter plaque from Mr. Tan I Tong, current chairman of the STPB, last night at the dinner that the STPB held for him on his retirement. Mr. Tan praised him for100 words
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Article43 1977-02-08 12 JURONO Shipyard will launch its •'Prevention of Fire and Explosion Campaign" this Thursday for its employees. The purpose of the campaign is to Inculcate employees at all levels, including sub-contracted workers, with a sense of safety consciousness within the shipyard.43 words
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339 1977-02-08 12 Reuter HONGKONG. Mon. The j Japanese Government has basically decided to lift restrictions on trading by Japanese investors In < South-east Asian stock i markets, and could give the 1 go-ahead from the beglnn- t lng of April. Japanese secu-Reuter - 339 words
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Article101 1977-02-08 12 TOKYO, Mon. The Foreign Ministry said Japan hopes to hold a govern-ment-level Japan-China mixed committee meeting in Tokyo early next month to review trade and economic relations between the two countries. The two countries formed the mixed committee in accordance with the provisions of the Japan-China trade agreement101 words
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Page 12 Advertisements
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Advertisement94 1977-02-08 12 Understanding GOODWILL the outstanding HAMPER way... am I*?' BUTTE r.EASY PRICES: from $10 onwards Wide varieties. Delivery arrangeable. FREE GIFTS TOO with every purchase Call: *****83/4 now for orders FREE GIFTS going fast "SPECIAL OFFER" items available as usual PRESIDENT JEWELLERY Coveted Jewelleries of Striking Designs at Easy Prices PRESIDENT94 words