The Business Times, 9 February 1977
1977-02-09
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The Business Times
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Title Section10 1977-02-09 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, FEBRUARY 9, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article71 1977-02-09 1 Reuter CANNES, Tues. Delegates from 108 airlines In the International Air Transport Association (lATA) met here today to find a way of calculating air fares that would not depend on sterling. In 1975, lATA members agreed to drop a system using the dollar to calculate fares in theReuter - 71 words
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Article53 1977-02-09 1 AP HONGKONG, Tues. The Philippines will host the 1980 conference of the Pacific Area Travel Association, Pata officials say. They said the decision was reached yesterday at the 26th Pata conference now being held In Hongkong. India will host the 1978 conference and South Korea theAP - 53 words
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Article55 1977-02-09 1 UPI HONGKONG, Tues. A drilling team In China's Shengll oil field set a national record by drilling a well 2,777-metres deep with one single diamond drag bit, the New China News Agency (NCNA) said today. The net drilling time was 151 hours and 40 minutes, an average ofUPI - 55 words
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Article62 1977-02-09 1 AP BANGKOK, Tues. The Thai Government today agreed in principle to the construction of an ammunition plant with the aid of a major American company, Thai and US company spokesmen said. The plant Is expected to be completed within two years, and will eventually turn over 1,000AP - 62 words
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Article57 1977-02-09 1 UPI TOKYO. Tues. The Japanese government decided today to file an official protest with the European Economic Community for imposing provisional anti-dumping import duties on Japanese-made ball and taper-roller bearing. Officials said the protest will be sent to Mr. Isao Abe, Japanese ambassador to the EEC in Brussels,UPI - 57 words
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Article48 1977-02-09 1 AP TOKYO, Tues. Japan produced 10.53 million colour television sets last year, about half the 20 million sets bought on world markets, the Japan Electronic Industries Association said today. Of the total, 5.25 million were exported, 2.95 million to the United States, it said. APAP - 48 words
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Article61 1977-02-09 1 UPI BANGKOK, Tues. Thai military, police and civilian officials have set up a joint command centre at a Cambodian border town to provide quick reaction in case of future communist incursions, military sources said today. The centre has been 6et up at Aranyaprathet, 300 km east ofUPI - 61 words
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Article44 1977-02-09 1 UPI NEW YORK, Tues. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 947.06, up 0.75; 20 transp 228.46. up 0.27; 15 utils 109.53, up 0.06; 65 stocks 312.19, up 0.26: UPI.UPI - 44 words
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Chief Price Changes
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Article, Illustration195 1977-02-09 1 THE Stock Exchange of Singapore ended on a mixed note in sluggish trading yesterday. Activity on the options board was much reduced in line with the general market. The Business Times index fell 1.28 points to 260.42 while the Straits Times Industrial average was fractionally lower at195 words
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Article141 1977-02-09 1 Falls Most active Golden Hope Is and Pen S 3-20 1 60 -.22 -.16 Haw Par 160,000 M Tobacco S 5 10 -.10 Pan Electric 53.000 Gentings W.Jacks 2 99 1 29 09 -.07 Central Sugars General Lumber 53.000 44.000 Sel Prop 1.42 -.05 Total Turnover: 0141 words
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Article, Illustration978 1977-02-09 1 JOHN TAN - DEPARTMENT OF STATISTICS REPORT: ■r JOHN TAN INDUSTRIAL firms in Singapore are taking an increasingly dim view of their business prospects in the immediate and foreseeable future, according to a report published yesterday by the Department of Statistics. More and more firms978 words
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532 1977-02-09 1 KUALA LUMPUR, Tues. The giant new plantation combine, Harrisons Malaysian Estates (HME) formed by the merger of Golden Hope, London Asiatic and Patallng, Is expected to gain its quotation on the London stock market tomorrow. With a majority acceptance from Golden Hope shareholders now safely532 words
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Article497 1977-02-09 1 Reuter MALAYSIAN Primary Industries Minister Encik Musa Hltam will meet Indonesia's Mines Minister Mr. Mohammed Sadll In Kuala Lumpur today for talks aimed at co-ordinating the two countries' views on tin. Encik Musa said he Is also seeking a consensus with other tin-producing members ofReuter - 497 words
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Article129 1977-02-09 1 AP TOKYO, Tues. 1,285 Japanese firms went bankrupt in January with debts of 10 million yen (S$85,000) or more, a private credit research agency said today. The Tokyo Industry Research said it was the 17th straight month that business failures surpassed the 1,000 level, and the 23rdAP - 129 words
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313 1977-02-09 1 SINGAPORE'S Head of State last night said that no major policy or legislation should be passed without the closest scrutiny, and then passed only after the most thorough debate. President B.H. Sheares was speaking at the opening of Singapore's Fourth Parliament. He said the313 words
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Article202 1977-02-09 1 THE Monetary Authority of Singapore has designated the Republic's latest International borrowing a 50 million swlss franc bond Issue a prescribed external bond. This makes It an Investment instrument In which residents can Invest to an unlimited amount. The bond issue, which is open for202 words
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Article222 1977-02-09 1 LONDON, Tues. Richard Tarling, the former chairman of Haw Par Brothers International and an associate of Mr. James Slater, has resigned as a director from the board of the Allied Polymer Group, the rubber and plastics group which he helped to form. Mr. Tarling said222 words
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Article126 1977-02-09 1 VIETNAM hopes to boost its trade with Singapore by obtaining medium to long term credits from local companies. The Vietnamese National Import Export Corporation. according to sources, has tentatively approached companies operating here to discuss Its intention to obtain credits ranging from three to five years. These126 words
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Article78 1977-02-09 1 PARLIAMENT is expected to begin debate next Monday. but the agenda has not been announced yet. Various addenda to the President's speech will be announced between now and the end of the week. One of the first will probably be the report on the Ministry of Finance, which78 words
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Page 1 Advertisements
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Advertisement92 1977-02-09 1 With a Reputation for Unrivalled Security and p r /ntc rs Fair Dealing over 131 years, /cj Our Clients can be Assured... ■H Royal Insurance <IfK o»pofJ»fd m t nqlarxi I looks after you. Fast 18th Fir., Ocean Building, Collyer QuaV, Singapore I.Tel: ***** *****1. SEE PAGE 2 INSIDE Overseas92 words
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Advertisement20 1977-02-09 1 4 Shenton Way (1), Tel: *****55 541 Orchard Road (9). Tel: *****2 505 Yung An Rd.. Jurong (22). Tel: *****220 words
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Advertisement223 1977-02-09 1 NOW Cool healthy pollution-tit.-e Cr> driving is POSSIBLE COOL AAA S TER poreacc X\» CAB AIR CONOmONER AW PVJWFCH i©r CHUNG SHAN MOTORS 5-11 GOLDHIL: PIA.7A Tel *****2 ?40 I AVt'Ninr R STREET Tel *****00 The Linea 98 is a manual typewriter that incorporates teatures trom the electrics 1 <r»223 words
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OVERSEAS
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395 1977-02-09 2 AP WASHINGTON, Tues. US News and World Report said yesterday that "scarcely settled In his chair in the Oval Office, President Carter is already smack in the middle of a clash between American Industry and some of America's closest trading partners." The American newsAP - 395 words
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Article101 1977-02-09 2 Reuter ROME, Tues. Italy's index of industrial production fell 1.2 per cent to a provisional 129 in December, but was 21.9 per cent above December 1975, the Statistics Institute said. For the whole of 1976 the index (base 1970) rose an average 12.3 per cent. The indexReuter - 101 words
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Article45 1977-02-09 2 Reuter SANTIAGO, Tues. A Chilean nuclear reactor, reputed to be the most powerful in South America, went Into operation near here yesterday. Chilean officials said the reactor was capable of producing all of Chile's radloisotop requirements for medicine, industry and agriculture. ReuterReuter - 45 words
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150 1977-02-09 2 Reuter WASHINGTON, Tues. Congress may approve President Carter's economic stimulus package by midMarch, Speaker Mr. Thomas O'Nell said. He said the House could pass the tax and jobs programme by March 15, and the Senate soon after. The House Ways and Means Committee plansReuter - 150 words
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Article125 1977-02-09 2 Reuter WASHINGTON, Tues. US consumer credit rose sharply In December with net outstanding credit rising by a seasonally adjusted USSI.B2 billion (554.46 billion) following a gain of $1.24 billion in November, the Federal Reserve Board said. This was the largest increase since the $1.9 billion rise InReuter - 125 words
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118 1977-02-09 2 Reuter PARIS, Tues. France's Gross Domestic Product growth is likely to be around three per cent in 1977 compared with the government's forecast of 4.8 per cent and the OECD's three per cent Mr. Arrighi de Casanova, director general of the Paris Chamber ofReuter - 118 words
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Article66 1977-02-09 2 Reuter ROME, Tues. Italian trade union leaders said they opposed the government's plan to abolish the effects of indirect tax increases on the Scala Mobile Wage Indexation System and will seek to have the plan withdrawn. Mr. Luciano Lama, secretary general of the CGIL union, saidReuter - 66 words
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Article, Illustration31 1977-02-09 2 President Carter is seen congratulating Admiral Stansfield Turner, who was recently nominated to head the Central Intelligence Agency, in the White House. AP photo. AP photoAP photo - 31 words
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617 1977-02-09 2 UPI CAIRO, Tues. President Anwar Sadat said In an interview published today his government should have taken anti-Soviet measures following last month s communist-engineered riots, but did not because it wants to Improve strained relations with Moscow. Mr. Sadat said the riots markedUPI - 617 words
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Article227 1977-02-09 2 Reuter LONDON. Tues. The European Common Market has decided to tell the Soviet Union it is ready to negotiate new fishing arrangements on a reciprocal, basis. British officials said yesterday. The arrangements would be for a period after March 31 of this year and wouldReuter - 227 words
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Article90 1977-02-09 2 Reuter LONDON. Tues. Chancellor of the Duchy of Lancaster Mr. Harold Lever, UK Government Economic Adviser, told Parliament "you are unlikely to find any enthusiasm evinced by me on the subject of nationalising the banks He was replying to a Member of Parliament who askedReuter - 90 words
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489 1977-02-09 2 AP WASHINGTON, Tues. Between 1.2 million and 1.6 million Americans most of them In the states of Ohio and New York have been laid off their Jobs because of the natural gas shortage, new Federal and State reports Indicate. A report given byAP - 489 words
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Article120 1977-02-09 2 Reuter SYDNEY. Tues. The national shipbuilding committee of the Australian Council of Trade Unions (ACTU) yesterday called for industrial action against shipping companies which refused to give Australian shipyards a greater share of repair work. The committee also recommended stoppages and mass meetings of workers inReuter - 120 words
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155 1977-02-09 2 AP NEW YORK. Tues. A group of International banks and a French construction concern have agreed to finance and build a US$3O million (5573.5 million) crude oil pipeline In Guatemala, It was announced yesterday. Basic Resources International S.A. will own 62 Vi per centAP - 155 words
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130 1977-02-09 2 Reuter WASHINGTON. Tues. The Interior Department said it cancelled the Feb 23 sale of oil and gas leases in the outer continental shelf area of Alaska's Cook inlet. The proposed sale covered 120 tracts totalling about 276,484 hectares. The Department said Secretary CecilReuter - 130 words
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Article27 1977-02-09 2 ISLAMABAD. Tues. The Pakistan government yesterday banned the carrying of firearms until after general elections next month in a move to head off campaign violence.27 words
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306 1977-02-09 2 Reuter PARIS, Tues. Crucial Negotiations between Japan and Its European shipbuilding rivals open here today amid Common Market threats of reprisals unless the Japanese move rapidly towards a market sharing arrangement. In protracted talks over the last six months, Japan has systematically rejected CommonReuter - 306 words
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390 1977-02-09 2 UPI TOKYO, Tues. Mr. Tatsuo Tanaka, Minister of International Trade and Industry (MITI), said today he could not agree to the European Economic Community's (EEC) imposition of a 20 per cent antidumping duty on Japanese ball bearings before consulting fully with hisUPI - 390 words
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Article129 1977-02-09 2 UPI SEOUL. Tues. South Korea has asked the United States for US$3OO million (***** million) in loan for development of its electric power, transportation and shipbuilding, a Seoul newspaper said today. The Dong-A llbo, a nationally circulated Korean-language newspaper said the request was made when deputyUPI - 129 words
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418 1977-02-09 3 AP BUENOS AIRES. Tues. Argentina's pro-business military government has finally put into effect a new foreign investment law, considered less restrictive than one under President Isabel Peron, ousted in a coup 11 months ago. No foreign investment has come here In five years. OnAP - 418 words
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Article91 1977-02-09 3 Reuter NEW YORK, Tues. Casio Incorporated, a leading manufacturer of hand-held calculators, said today it was entering the digital watch market. Casio said It has Introduced four liquid crystal diode (LCD) electronic watches. The two women's watches have am/pm, month and date features and are battery operated. OneReuter - 91 words
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Article87 1977-02-09 3 Reuter TOKYO, Tues. Japan's colour television exports rose 17 Der cent to 576.600 in November and were 91 per cent higher than the 301,100 In December, 1975, the Electronic Industries Association said. This brought total exports in 1976 to 5.25 million sets, up 90 per centReuter - 87 words
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Article, Illustration528 1977-02-09 3 BRUSSELS, Tuesday UPI FOREIGN ministers of the European Common Market have their last opportunity today to debate a possible Portuguese application to Join the Community before Premier Mario Soares sets off on a tour of European capitals. The nine Common Market countries wereUPI - 528 words
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170 1977-02-09 3 BIS $7b standby credit scheme for Reuter BASLE. Tues. Leading central bankers yesterday finalised details of a US$3 billion (557.2 billion) agreement to prevent sales of sterling by foreign governments causing the value of the British currency to plunge, monetary sources said. The "safety net" standby credit scheme, to compensateReuter - 170 words
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Article85 1977-02-09 3 Reuter ROME. Tues. Foreign Trade Minister Rinaldo Ossola will visit Saudi Arabia later this month to negotiate oil and trade deals and seek Saudi loans, government sources said. He will be accompanied by the chairman of Italy's state oil company, Ente Nazionale Idrocarburl, Pletro Sette. ENI isReuter - 85 words
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Article258 1977-02-09 3 Reuter LONDON, Tues. A big Jump in wholesale prices yesterday provided a setback to the British Labour Government's hopes of containing inflation over the next few months. Government figures showed a 3.25 per cent increase in the wholesale price index in January, the biggestReuter - 258 words
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Article, Illustration497 1977-02-09 3 Reuter PITTSBURGH, Tues. The 1.4 million members of the United Steelworkers of America (USWA) vote today for a new president and the outcome could usher in a new era of labourmanagement confrontation in the industry. Mr. Edward Sadlowski, a 38-year-old left-leaning districtReuter - 497 words
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214 1977-02-09 3 UPI WASHINGTON, Tues. Bargain-hunting shoppers in December spurred consumer credit to its biggest increase in 3V 2 years, the Federal Reserve Board reported yesterday. The board said consumer debt Increased US$l.B2 billion in December for the biggest rise since the US$l.9 billion reportedUPI - 214 words
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Article151 1977-02-09 3 Reuter VIENNA, Tues. Senior officials from 64 nations met here yesterday to chart plans for a major Increase of steel production In the Third World. At a five-day conference, organised by the Viennabased United Nations Industrial Development Organisation (UNIDO), the officials will assess whether developingReuter - 151 words
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Article141 1977-02-09 3 Reuter TOKYO, Tues. Economic recovery in Japan Is still progressing slowly, although there are a few signs of a new upturn, the Economic Planning Agency said. The agency said In a report that production of machinery increased continuously for three months from October to December, whileReuter - 141 words
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182 1977-02-09 3 Reuter WASHINGTON, Tues. A widely respected Wall Street economist, Mr. Henry Kaufman, yesterday urged the Carter Administration to introduce anti-inflation legislation by year-end to accompany its US$3l billion, two-year economic stimulus programme. Mr. Kaufman, of the investment banking house of Salomon Brothers, told the JointReuter - 182 words
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Article33 1977-02-09 3 Reuter CAPE TOWN. Tues. South Africa's deficit on current account balance of payments again shrunk appreciably In the fourth quarter of 1976, finance minister Owen Horwood said but gave no figures.Reuter - 33 words
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177 1977-02-09 3 AP TEL AVIV, Tues. Israel's fashion and textile exports rose by more than 20 per cent in 1976 to total US$l92 million, it was announced yesterday. The figures were released at a news conference at the Opening of Israel's 18th annual fashion week.AP - 177 words
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Article75 1977-02-09 3 Reuter NEW DELHI, Tues. An economic delegation from Vietnam will visit India In April and the Vietnamese Prime Minister Pham Van Dong will come here before the end of the year, his special envoy said eryesterday. The envoy, Mr. Phan Hien, flew to Pakistan yesterday atReuter - 75 words
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342 1977-02-09 3 AP NICOSIA. Tues. Japan was the largest single Importer of Saudi Arabian crude oil during the January-November 1976 period, the Middle East Economic Survey reported yesterday. Saudi Arabia's exports of crude oil during that period totalled 2.6 billion barrels. Of this.AP - 342 words
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330 1977-02-09 3 UPI THE HAGUE, Tues. Striking Industrial workers today prepared for a stepped-up fight for cost-of-living bonuses after an opening volley of walkouts did not quite meet expectations. Union leaders said some 8.000 port workers and employees in the metal, food, and building industries heededUPI - 330 words
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134 1977-02-09 3 Reuter NEW YORK, Tues. The Canadian and Venezuelan co-chairman of the Paris Conference on International Economic Cooperation met inconclusively for three hours yesterday to discuss arrangements for the next ministerial session, postponed from last December. Mr. Allan Maceachen, government leader In the Canadian HouseReuter - 134 words
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324 1977-02-09 3 AP LONDON, Tues. Wholesale coffee prices leaped to a new record on the London market yesterday, threatening British housewives with yet another boost in the cost of a cup of coffee. Since December, a worldwide coffee shortage has helped raise the price ofAP - 324 words
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Page 2 Advertisements
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Advertisement253 1977-02-09 2 Let Avery Scales safeguard your profits AVERY 3213 GUARANTEES ACCURATE REPETITION WEIGHING. y ««««i Perfect for check weighing! (Crumb rubber, oil, cement, bales, containers). Capacity 250 kg. (500 lbs.). Platform size 610 mm x 610 mm (24" x 24"). Portable made to last British-built to Board of Trade standards. Conforms253 words
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Page 2 Miscellaneous
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Miscellaneous52 1977-02-09 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Feb. 8 at Singapore airport. Maximum temperature 26.8° C Associated humidity 94 Minimum temperature 22.5° C Associated humidity 100 Hours of sunshine 0.00 Rainfall in millimetres 22.7 Total rainfall for the month 47.7 Total rainy days for the52 words
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Miscellaneous281 1977-02-09 2 I SINGAPORE 5 0 TV 3.00 P.M. Opening Announcements followed by "Serbanika" (Malay) (r) 3.30 Diary Of events (Malay) 3.35 General Hospital 4.15 International zone "The Villagers" (r)* 4.45 Intermission 5.50 Opening announcements followed by Electric Company 6.20 Consumers' guide (English/Malay) 6.30 News in brief 0 6.35 Wildlife in Crisis281 words
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Page 3 Advertisements
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Advertisement323 1977-02-09 3 Many cars offer some of the things a\folvo does. No car in the same class offers all die tilings aVblvo does. This sounds like quite a claim. But if you check this list against any other car of the same class, you'll find that we're not just making idle talk.323 words
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COMPANY NEWS
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Article174 1977-02-09 4 THE Kuala Lumpur Stock Exchange has asked Associated Plastics Industries for more information on its new subsidiary Flexlpak. It would like to know whether API paid cash for the 1.23 million Msl shares, representing 81.5 per cent of Flexlpak s paid-up capital, which it174 words
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Article142 1977-02-09 4 TRACTORS Malaysia has made a number of new appointments in the company's head office in Petaling Jaya and its subsidiary. Tractors Singapore. Mr Reg Gray has been appointed general manager (service) in the Petaling Jaya head office, taking over from Mr I.C. Burne who is retiring142 words
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COMPANY MEETINGS
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Article15 1977-02-09 4 Feb 16. 12 noon. No. 14 Jalan -?23. Section 20A, Petaling Juya.15 words
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19 1977-02-09 4 Industrial Electronics Engineering Ltd.: Feb 10, 3 p m.. 10A. Commonwealth Lane. Block 34. Buona Vista Estate. Singapore 3.19 words
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Article16 1977-02-09 4 Feb 21. 11 a.m., Bth Floor. U.M.B.C. Building. Jalan Suleiman, Kuala Lumpur.16 words
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14 1977-02-09 4 Feb 12, 11 a.m.. No. 6 Tambun Road.lpoh.14 words
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20 1977-02-09 4 Feb 15, 10 a.m.. Registered Office, Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur.20 words
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226 1977-02-09 4 TIMES Publishing has told the Stock Exchange of Singapore that It did not announce a number of acquisitions during the year ended Aug 31, 1976, as each one of them accounted for less than five per cent of Its assets. Replying to queries by226 words
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Article178 1977-02-09 4 Current Ex Date Total for Total for payment Date payable the year previous year U.M. Flour 10% Jan 20 Feb 10 10% 10% Sel. Dredging 35%Jan 20 Feb 11 35%+ 40% D. keramat 66.67%+ Jan 26 Feb 17 66 67%+ 65% llu Benut 5%TE Feb 2 Feb 17178 words
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532 1977-02-09 4 FIVE years after it ceased public transport operations, the board of Singapore Traction Company is still looking around for someone to reactivate the company via a reverse takeover. Though its net tangible assets have shrunk to a mere $253,794, or 1.78 cents a532 words
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375 1977-02-09 4 PRE-TAX profit at Rahman Hydraulic Tin has risen 27.3 per cent to M 51.61 million for the first six months ended Dec 31, 1976 as a result of higher tin and rubber prices. The increase in the tin price, for example, from $566 per375 words
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Article, Illustration1213 1977-02-09 4 RAY DAFTER - By RAY DAFTER FT THE EXECUTIVE musical chairs In the Royal Dutch/Shell Group due to take place In June, and which has arisen from the Impending retirement of Mr. Gerrlt Wagner as president of the company, will thrust the head of theFT - 1,213 words
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766 1977-02-09 4 NYT LA ROM ANA, (Dominican Republic). Tues. Gulf and Western, the largest American investor on this Caribbean island, has converted part of its huge sugar plantation here into a winter playground for the rich and famous. As Mr. Gunther Sachs, the GermanNYT - 766 words
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Article89 1977-02-09 4 Reuter AMSTERDAM. Tues. New Zealand plans a private placement of eight per cent six year Eurogullder notes to a maximum of 75 million guilders, priced at 99 3/4 per cent. The notes are being placed through a syndicate headed by AmsterdamRotterdam Bank. SG War- burg. Commerzbank. asReuter - 89 words
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Article102 1977-02-09 4 NEW YORK. Tues. A hefty 36.9 per cent gain in net earnings in the fourth quarter at United Technologies has raised Its 1976 profit to US $157.4 million from $117.5 million last time. Fourth quarter profit came to $39.48 million compared with $28.83 million previously. The year's102 words
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Article59 1977-02-09 4 Reuter MELBOURNE. Tues. Broken Hill Pty said It will offer two new debenture Issues totalling A 527.2 million to refund Its seven percent series one debentures. which mature in April. One issue, series Q, will be at 11 percent for 6.5 years, and the other, series R,Reuter - 59 words
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Article1169 1977-02-09 4 On February 7 PRICES were narrowly higher on the Chicago Board Options Exchange on Monday. Advances led 217 to 200 and volume slipped to 66,552 contracts from 75.946 on Friday. OPTION APR JLY OCT STOCK Alcoa SO 3 5/8 5 3/8 61/2 52 Alcoa 60 1/4 7/81,169 words
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Page 4 Advertisements
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Advertisement382 1977-02-09 4 MARINE MIDLAND BANKS. INC. CONSOLIDATED BALANCE SHEET < Assets Cash and due from banks Interest bearing deposits with banks Trading account securities U. S. Treasury U. S. Government agencies and corporations State and municipal obligations Other securities Total investment securities Loans in domestic offices Loans in foreign offices Mortgages Total382 words
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INTERNATIONAL COMBANY NEWS
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Article122 1977-02-09 5 Reuter LONDON, Tues. Energy Minister Dickson Mabon told Parliament the British Government has reached an understanding with Imperial Chemical Industries on British National Oil Corps participation in ICl's Interest in petroleum from the Ninlan field. BNOC will eventually have access to 51 per centReuter - 122 words
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Article87 1977-02-09 5 Reuter PARIS, Tues. Volvo of Sweden plans to raise US$35 million through a 10-year Eurobond Issue, comanager Credit Lyonnals said. The Issue Is expected to carry an eight per cent coupon, but the coupon and price will not be fixed till Feb 14. The offer date willReuter - 87 words
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Article108 1977-02-09 5 Reuter LONDON, Tues. London Electrical and General Trust (LEGT) said Guinness Peat Group will make an agreed bid for LEGT of the equivalent of 109p for each LEGT ordinary. Of the 12.6 million LEGT ordinary on Issue Guinness Peat subsidiaries own 86,000 or 0.68 per cent.Reuter - 108 words
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Article371 1977-02-09 5 BURBANK, California, Tues. Burdened by its loss-making Trlstar programme, Lockheed Aircraft suffered a fall in sales and earnings In 1976. For the year, net profit fell to US$3B.7 million from $45.3 million, including $7.4 million ($7.9 million) from the fourth quarter. Sales fell to $3.20 billion371 words
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Article252 1977-02-09 5 NEW YORK, Tues. Thanks to the progress made In the first nine months, Grumman was still able to report a 15.7 per cent rise In 1976 net profit despite a 31 per cent setback in the last quarter. For the year, net profit rose to U5527.2252 words
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Article397 1977-02-09 5 NEW YORK, Tues. In line with expectations, General Motors has reported a record sales and profit for the whole of last year. Earnings for the year Jumped 123 per cent. The chairman, Mr. Thomas Murphy, said the increase In 1976 earnings Is due principally to higher397 words
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Article198 1977-02-09 5 Reuter LONDON, Tues. The Government will go ahead with Its plan to sell a 20 per cent holding In British Petroleum although the decision Is not completely irrevocable, Chancellor of the Duchy of Lancaster Harold Lever said. He told Parliament It remains the Cabinet'sReuter - 198 words
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Article70 1977-02-09 5 Reuter DALLAS, Tues. Braniff Airways Inc said It has purchased for 1978 delivery six 727-200 aircraft from Boeing for US$7O.6 million and has taken an option to buy two more In 1978. The airline had previously ordered six 727-200's for 1977 delivery. Braniff said the new aircraft will beReuter - 70 words
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Article215 1977-02-09 5 BONN, Tues. Porsche, the West German high-per-formance motor manufacturer, has announced a threefold Increase In Its profit during the business year ended last July 31, and a 71 per cent increase In turnover. Production leapt during the calendar year 1976 with the Introduction of the new 924215 words
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164 1977-02-09 5 Reuter SYDNEY, Tues. In the first six months ended Dec 31, 1976, Associated Securities has suffered group consolidated operating loss of AS 17.54 million, more than doubled the $8.54 million incurred last time. Gross revenue fell to $24.33 million from $30.15 million and the company isReuter - 164 words
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Article659 1977-02-09 5 JAMES BARTHOLOMEW - LONG-LIVED INVESTMENT CRAZE By JAMES BARTHOLOMEW FT ONE OF the most long-Uved of Investment fashions has recently passed away. For the last three years brokers have consistently been advising their clients to buy "overseas earners," the companies with a high proportion of exports or overseas operations. ThisFT - 659 words
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Briefly
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Article75 1977-02-09 5 LONDON, Tues. White Child and Beney said it intends to recommend dividends totalling 4.4 per cent (2.934p) in the year ending Oct 2, treasury approval for which has been received. In rejecting the Arthur Guinness Son offer of 65p per White Child ordinary, the company said trading In75 words
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Article106 1977-02-09 5 PITTSBURGH, Tues. Westlnghouse Electric Corp said talks concerning sale of its entertainment tube division as an on-going business to Sony Corp were broken off last week. The company said it announced last year it planned either to close the operation In Elmlra, NY, or sell It as106 words
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Article61 1977-02-09 5 MILAN, Tues. Pirelli said it is laying off 2,500 workers in its cable plants for one week a month in February, March and April because of a slump in orders. Cable orders from Italian Telephone and the electricity utility have fallen sharply, a spokesman said. The company plans shortly61 words
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Article57 1977-02-09 5 MELBOURNE, Tues On a 20.1 per cent increase in group sales to A 5239 million ($199 million), Carlton and United Breweries has enJoyed a 31.4 per cent Jump in net profit to $9.2 million ($7 million). With the buoyant results, it has raised the interim dividend to 5.5 cents57 words
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Article106 1977-02-09 5 CHICAGO, Tues. Sears Roebuck said directors voted a two-for-one stock split, raised the quarterly dividend to 45 US cents from 40 cents and declared a 30 cent extra payout. Both the increased quarterly and the extra dividend are payable April 1, record Feb 18. The stock split will106 words
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Article67 1977-02-09 5 HONGKONG, Tues. Hongkong Realty and Trust, a member of the Wheelock Mard'en group, has maintained the interim dividends for both 'A' and B' shares at seven HK cents and 1.4 cents respectively for the year ending March 31, 1977. Both are payable on March 4. The company said67 words
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Article32 1977-02-09 5 TORONTO, Tues. Last year Canadian Pacific Investments, a subsidiary of Canadian Pacific Ltd, suffered a drop in net profit to Csl4o million from $142 million. Earnings per share were $2.36 ($2.41).32 words
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Article55 1977-02-09 5 TOKYO. Tues. Arabian Oil has suffered a fall In after-tax profit to 2.51 billion yen from 3.05 billion yen in the year ended Dec 31. 1976. Sales rose to 414.14 billion yen from 380.68 billion yen. With the profit setback, it has reduced Its dividend to 60 yen55 words
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Article29 1977-02-09 5 SEATLE. Tues. Boeing has increased the quarterly dividend to 35 US cents a share from 25 cents, payable on March 10 to shareholders on record on Feb 18.29 words
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Page 5 Advertisements
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Advertisement638 1977-02-09 5 I TROIKA RESTAURANT HAS MOVED WITH THE TIMES-AND OUR PROGRESS HAS TAKEN US RIGHT INTO THE BUSTLING HEART OF THE CITY Today, a new spacious restaurant, modern yet retaining all the old Troika charm, opens on the 43rd floor of the DBS Building, one of the most imposing and well-638 words
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Advertisement109 1977-02-09 5 a *A m 9 i« I N 4 r TROIKA RESTAURANT 43rd FLOOR Specialities include Borshch. Beef Stroganoff and Chicken a la Kiev "Imperial". Same Menu and no increase in prices. A delightful place to beqin or round off the evening. Happy Hours 3pm to 7pm Discount on all drinks.109 words
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Article2033 1977-02-09 6 1*7*77 Hick Low Lut Conpuy Sale ♦«rGk'i Div Drv C*r rid Net P/E Vol Day ('080) 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 Aetna Acma A Alcom Allied Choc Bala Ben2,033 words
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Article1231 1977-02-09 6 BID and offer prices officially luted 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 Board1,231 words
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Article1114 1977-02-09 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* *M>l (1.438 1 463). A. Tap* (0.428 0458). AJmamat* (1 90B).1,114 words
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Article148 1977-02-09 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. D.B.S. (June $3.90) (0.285) (1) 0.27, (15 0.28. (Sept $3.90) (0.318 0.34*5). F and N148 words
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Article170 1977-02-09 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price* for Feb 9) (Current prices) The Commerce 1.75 1.85 INCOMEBOND 110 116 The Saving Fund o 95 1 00 MARA BI MIPUTRA FUND Spore Prog Fund 0 80 0 85 S pore Prog Fund 0 80 0 85 (Managers' prices170 words
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Article154 1977-02-09 6 B O T 8 \IYk 1981 (100,000) (102\B 103 *S) D B S 8 1/2% 1982 (IM.OM) (M*«B 100 *S) DBS Converts 6 MVk 1991 (100,000) (96*8 97*S) E I B Vk 1982 (100,000) (102%8 103 *S) E I B 8 1/4% 1983 (100,000) (9958 100*S) I B154 words
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Article129 1977-02-09 6 5 1/2% 1/12/77 (1.000,000) (101.508 101.58S) 5 1/2% 15/4/78 (1,000,000) (101.658 101.78S) 5 1/4% 15/7/78 (1,000,000) (101.508 101.595K 1)101.55 6 1/2% 15/8/78 (1.000.000) (103.308 103.505) 7% 1/7/79 (1.0M.0M) (104.858 105.008) 5 1/2% 1/10/77-79 (148.0 M >(1)101.25 5 1/4% 15/10/79 (1,000,000) (101 008 101.18S) 6 3/4% 15/6/80 (1,000,000)129 words
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Page 6 Advertisements
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Advertisement212 1977-02-09 6 Alex Josey has long been en observer, recorder and commentator of the Singapore scene. In this new book, he examines and explains the success of Singapore's tripartite alliance of Government, workers end employers. A substantial part of the book is devoted to the full text of fifteen essential labour laws212 words
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Article397 1977-02-09 7 SHARES ended on a mixed note in low volume trading at the Stock Exchange of Singapore yesterday. An opening rallv on light buying support* »et with some profit-taking and this resulted la most prices finishing off best. By and large the market was still rather reserved.397 words
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Article584 1977-02-09 7 AFTER a steady opening, the Kuala Lumpur stock market headed marginally lower at the close yesterday. The sluggish pace of dealing continues to reflect the general reserve of both buyers and sellers. Price movements during the day were also too narrow to provide much leverage for584 words
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Article79 1977-02-09 7 Reuter WASHINGTON, Tues. The Norwegian Government told the Securities and Exchange Commission it will sell US$l5O million worth of five year notes bearing Interest at the rate of 7.375 per cent. Norway told the commission it plans to use proceeds from the offering to help offset an anticipatedReuter - 79 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1113 1977-02-09 7 NEW YORK: Stocks turned lower on Monday as Investors continued to puzzle over the effects of recent chilling cold and the administration's proposed stimulus package on the U8 economy. Analysts said with reliable statistics on the effects of the cold wave several weeks off. Investors were unwilling to1,113 words
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Article274 1977-02-09 7 ZURICH: Market turned mixed on Monday with an easier bias In generally listless activity, as new Incentives were lacking. In otherwise little changed banks AG Lew eased more markedly. Among flnanclals speculative buying interest revived for both Bally stocks, which closed notably firmer, while Maag Registered and Oerlikon-Buehrle ruled274 words
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Article279 1977-02-09 7 FRANKFURT: Shares closed mixed, partly on lack of demand, dealers said on Monday. Leading banking, chemical and electrical shares were slightly lower. Auto and Engineering shares gained up to one mark. Steels lost 0.50 to 1.50 marks. Prices on the domestic bond market showed 0.20 mark movements either way,279 words
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Article373 1977-02-09 7 PARIB: The market was lover on Monday, depressed ahead of the Paris transport workers strike planned for Wednesday and by today's wage negotiations for railway, gas and coal Industry workers, dealers said. Banks, metals and chemicals led the declines. Thomson CSF, which earlier reported a 17 per cent rise373 words
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Article309 1977-02-09 7 •AMSTERDAM: The market ruled quietly mixed, with a < weaker undertone as the start of strikes In ports and Industry Induced uncertainty, dealers said on Monday. Royal Dutch and Hoogovens Kned some ground In easier tch Internationals. Gains elsewhere were led by Begxoes, Fokker and Ennia. Losses were headed309 words
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Article315 1977-02-09 7 TORONTO: Prices among the metals. Industrials and papers sectors sagged throughout the afternoon, on Monday, depressing the composite Index 2.5 points at the close of light trading. Cominco fell 1-1/4 to 36-1/4, Inco A 5/8 to 32-3/4, Stelco A 5/8 to 24-3/4, NormmU A 1/8 to 301/2, while Deniaon315 words
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Article164 1977-02-09 7 BRUSSELS: Shares closed mostly higher in fairly calm trading, bourse sources said on Monday. Reserve. Sidro, Hoboken. GB and Cockerill were all higher, but Elm fell after announcing a 2.79 billion franc proposed capital rise. UK and U8 shares were mixed. Oermans little changed, French stocks mosUy lower and164 words
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Article155 1977-02-09 7 MILAN: The market closed lower after a quiet morning, dealers said on Monday Political uncertainties had a negative Influence on sentiment and a few offers were sufficient to lower prices. Among Industrials, both Olivetti* lost ground, as did Pirelli, Snia Viacoaa and Fiat. Bonds closed lower after a quiet155 words
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Article391 1977-02-09 7 JOHANNESBURG: Gold shares were mixed to slightly softer towards the close In a generally dull and featureless market, dealers said on Monday. Financial minings tended easier in thin trade, with Anglo* falling four cents to 378. De Beer* lost three cents to 382 Coppers were generally unchanged. platinums unchanged391 words
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Article388 1977-02-09 7 SYDNEY: Share prices closed mixed with* Industrials generally weaker, dealers said on Tuesday. The Sydney All-Ordinaries index 1.35 points to 432.99. In minings CRA gained five cents to $2.95 but PekoWallaend and Utah feU and Western Mining was unchanged. Woods ide Burmah fell four cents to $1.28 and Am388 words
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Article344 1977-02-09 7 HONOKONO: The market closed on Tuesday little changed in moderate trading, with profit taking after Monday's share rise well absorbed, dealers said. The Hang Seng Index rose 0.55 point to 445.20. Hutchison firmed 7.5 cents to $3.45 and Hongkong Land 10 to $7.80, while Jardtne Matheeon eased 10 to344 words
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Article149 1977-02-09 7 MANILA: Minings and oils rose In thin trading, with minings leading gains on higher metal prices, dealers said on Tuesday". Gainers Included Atlas A and B. Bag uio Gold, Lepanto B, Philex A, Phil Overseas and San Miguel A but PLDT lost ground. Unchanged issues included Acoje Mining, Marinduque149 words
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Article82 1977-02-09 7 KKH U" Bahts Asia Fibre 119 unch Bangkok Bank 247 unch Bangkok Invest 145 Bangkok-Metro-politan Bank Bata 37 IS unch Berll Jucker IMS Charoong Thai unch Wire 163S Dumex DusltThanl 178 ♦4 Faher Merlin First Trust Indo-Thal J And J Ho 192 unch Jataprathan unch Cement S3 Karnasuta LeeKwangMIn82 words
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Article517 1977-02-09 7 TOKYO: Share prtcei closed higher on active selective buying in blue chips and low-priced issues on technical considerations, dealers said on Tuesday. The Dow Jones average rose 1.95 to close at 5,088.70 with volume 300 million shares The New Index closed at 383.79, up 1.33. Motors and electrlcals advanced517 words
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Article63 1977-02-09 7 financial times INDUSTRIAL Monday 387.5 Friday 403.8 Week ago 309.5 DOW JONES AVERAGE INDUSTRIALS Monday 946.31 Friday 947.89 Week Ago 954.37 LONDON DOLLAR PREMIUM Monday 98 to 99% Friday 102% to 103>«% H.K. HANG SENG Monday 444.65 Friday 435 91 Week ago 434.25 SYDNEY INDUSTRIALS Monday 356.97 Friday 35963 words
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Page 7 Advertisements
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Advertisement176 1977-02-09 7 Confront Singapore's decision makers in Business limes 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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Article772 1977-02-09 8 PRICES in the Singapore rubber market yesterday opened unchanged, then eased, but recovered to opening levels, dealers said. Later, prices fell again on long liquidation of March and some godown selling. The morning session closed very quiet, with February RSS One buyers quoted at772 words
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Article259 1977-02-09 8 THE Straits tin price in Penang yesterday was down $7 to $1,527 on an unchanged official offering of 250 tonnes. In LONDON yesterday, tin softened by £40 per tonne for Cash and £25 for Three Months In both contracts at the mid-day closing. Values were marked lower at259 words
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Article28 1977-02-09 8 Rubber: Feb 8 Singapore: Feb. 199.50 cts (down 1.00 cts.) Malaysia: Feb. 208.50 cts (up 2.75 cts.) Tin: $1,527.00 (down $7.00). Official offering: 250 tonnes (unchanged).28 words
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Article113 1977-02-09 8 DAILY SSR and SMR prices in cenU per kilo at noon yesterday Fob. Mar. R.A.S. (Ciuinl Mth) (For*. ard Mth) Buver* Seller* Buyer* Seller* SSR 20 (1-ton Pallet) 188.00 190 006 190.50 191.SON SSR 50 (1-ton Pallet) 186 50 187 50N 188.00 189 00N M.R.E.L.B. SMR 5113 words
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Article344 1977-02-09 8 IN the Singapore gold market yesterday, the kilobar was traded in the range of 5510,725 to $10,750. Following the rise in European and US gold markets, the London gold opened at U*****.00/135.40 and eased towards the close on prof it-taking to $134.60/135.00. The London morning fix was U*****.00, up344 words
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Article245 1977-02-09 8 LONDON, Tues. Copper wire bars finished with gains of £0.50 per tonne for Cash and fully £1 for Three Months. The market was well maintained on previous ring levels, with the steady overnight New York close giving support on the early premarket, dealers said. Three Months traded up to245 words
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Article81 1977-02-09 8 LONDON, Tues. Lead finished £0.25 per tonne down for cash and unchanged for Three Months. Values slipped back from overnight higher levels under profit-taking and general liquidation, dealers said. Three Months traded on the pre-market from a new high of £374 per tonne down to £369 before short-covering and81 words
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Article40 1977-02-09 8 LONDON, Tues. Zinc lost C 3.25 per tonne for Cash and £2.75 for Three Months. Values sagged under long liquidation from £424 per tonne in pre-market a/id early-ring dealings down to £421.50 by the close. Sales were 1,300 tonnes.40 words
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Article119 1977-02-09 8 THE following Pmlm Otl price* were are elf Rotterdam and are quoted In i quoted In London on Monday The prices US dollar per ton unless otherwise stated Malaysia 5S ffa bulk Apl/May Sumatra 5H Feb Mar Apl May Afloat Nigerian 5H ffa bulk Sterling per long ton119 words
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Article259 1977-02-09 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PHIt'ES PER PICUL YESTERDAY. Coconut Oil Bulk *85 sellers, old drum *90 sellers, new drum *95 sellers Copra Mixed (loose) UK/Cont. *55 buyers Pepper Muntok ASTA white f.o.b 100% NLW *350 sellers. Sarawak white o.b 96* NLW *330 tellers, Sarawak special black259 words
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Article381 1977-02-09 8 LONDON, Tues. Robusta futures opened around £20 higher but by end-call profit-taking and some commission house selling pared much of Monday's gains. Values at end-call were £25 to £50 per tonne down from Monday night's close with positions that had traded back Inside the £2,900 mark. The tone was381 words
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Article114 1977-02-09 8 CHICAGO. Mon. Wheat futures closed 1"* cent a bushel lower to 3'« cents higher on a light trading volume. Carryover buying from last Friday's late strength was bolstered by early firmness in soybean future to take prices upward in early dealings. Old crop positions later slipped to the downside114 words
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Article129 1977-02-09 8 CHICAGO, Mon. Soybean futures closed mostly lower, losing IVt to 2Vt cents a bushel. After fluctuating early, prices moved upward on speculative buying prompted by strength in meal futures. Selling increased later In the session, however, as meal weakened and beans lacked upward follow-through. Soybean meal futures closed 60129 words
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MONEY AND EXCHANGES
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Article531 1977-02-09 8 THE US dollar made marginal gains against the Deutsche mark in the Singapore foreign exchange market yesterday, although it has suffered substantial losses In the New York market on the previous day. From the opening of Dm 2.4145/55, the US dollar was taken to as high as Dm 2.4170/75531 words
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Article179 1977-02-09 8 Asian rates ASIAN currency deposit Interbank tates as at close on Feb 8 US Dollar* (Spot) Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths .4 U/16 4 13/16 4 15/16 5 1/8 .5 5/8 5 15/16 6 1/8 4 9/16 4 U/16179 words
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Article141 1977-02-09 8 Euro rates LONDON, Tues. Eurodollar deposits opened little changed, but with a slightly offered tendency noted In earlv fairly slack trading, dealers said. The offered side of quoted period ranges edged 1/16 lower, while bid sides held fairly steady. Easier levels reflected a continuation of recent quiet conditions, declines in141 words
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Article279 1977-02-09 8 LONDON, Tues. Spot sterling held steady in quiet opening trading, with the Bank of England supporting the pound at around $1.7155 against the overnight $1.7145/49, dealers said. They said the UK authorities have allowed sterling forwards to take the strain of yesterday's 3.25 per cent Jump In the UK279 words
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Article199 1977-02-09 8 NEW YORK, Mon. The dollar was dragged lower against continental currencies by sterling sales, following news that British January wholesale prices rose their quickest in two years. Sterling funds were transferred via the dollar mainly into marks after the resurgence of British inflation, dealers said. However, sterling's fall199 words
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Article148 1977-02-09 8 TOKYO, Tues. The dollar for overnight delivery closed lower at 287.40 yen, compared with 287.80 yen at the opening and 288.00 yen at yesterday's close. The US unit opened weak, reflecting Its easier trend In overseas centres and a relatively low level of Import settlement needs, dealers said. Later,148 words
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Article150 1977-02-09 8 HONGKONG, Tues. The US dollar was quoted at HK54.6430/50 in Isfte trading, slightly lower than yesterday's $4.6450/70 but above lows In the $4.6415/35 region reached briefly this morning dealers said. The US unit traded quietly for most of the day around this late level, following Its easier trend overseas.150 words
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Article55 1977-02-09 8 Minimum lending rates (in ACBC 6*« Algemene Bank 6*» Bangkok Bank ..7* Bank or America 6*« Bank of China .7 Bank of Tokyo 6*. Bank Negara First Chicago 6* Citibank HSBC 7 Indosuez Malayan Banking 6* Mitsui Bank 8*. OCBC 8%. OUB Chartered Bank Chase Manhattan 6*» DBS 6W UCB55 words
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Article54 1977-02-09 8 AUSTRALIA/ NZ exchanges quoted on Feb 8. Australia: Sterling 0.6371/ 0.6300 US dollar 1 0896/ 1.0848 Ninety-day air mail buying rates: Sterling 0.6639 US dollars 1.1150 Ninety-day air mail buying rates: Sterling 0.6517 US dollars 1.0920 New Zealand: Sterling 0.5555/ 0.5524 US dollar 0.9572/ 0.9472 Ninety-day forward rate: Sterling54 words
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Article54 1977-02-09 8 ZURICH exchanges quoted on Feb 7 US 2.5152 5162 UK 4.3110 3145 Can 2.4605 4625 W Germ 104.08 15 Neth 99.68 79 France 50.60 64 Belg 6.79 1/4 80 1/4 Denm 42.39-42 Norw 47.44-48 Swed 58.98-59.03 Italy 0.2857-2860 Austria 14.64-66 Port 7.77-80 Spain 3.65 1/4 65 3/4 Arg 0.85-1.0054 words
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Article34 1977-02-09 8 FRANKFURT exchanges opening quotes on Feb 8 US 2.4155/75 (2.4170/80) Can 2.3620/40 UK 4.140/155 Neth 95.65/80 Switz 95.95/96 10 Italy 2.735/750 France 48.55/70 Norw 45.54/60 Belg com 6.517/532 Belg fin 6.52/53 Japan 0.8405/2034 words
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Article277 1977-02-09 8 LONDON, Tues. Dollar stocks were largely unchanged to 1/4 higher In slow trading, dealers said. Canadian Issues also lacked volume with most prices steady around Monday's closing levels. Convertibles Issues were quiet with Japanese issues fractionally lower and US bonds holding steady. Eurobond prices quoted on Feb 8277 words
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Article197 1977-02-09 8 LONDON. Tues. Silver fell by 1.6 to 1.3 pence per troy ounce value* were lower at the outset reflecting the late overnight decline at New York on reports that a bill to authorlae disposal of 117,837.000 troy ounces of •liver from the US stockpile had lieen reintroduced In Congress.197 words
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Article264 1977-02-09 8 LONDON, Tues. Terminal opened with losses of £1.25 to £0.15 per tonne from yesterday s closing levels. Sales were 780 lots. Dealers said the market was quiet In front of today's 50,000 tonne Feb/May shipment white sugar buying tender In Sudan, where It Is possible that financing arrangements may264 words
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Article212 1977-02-09 8 BANGKOK. Tues. Indicative prices for rice quoted in Bangkok yesterday were: US dollars per tonne fob basis Bangkok. 100 per cent Ist class 282 100 oer cent 2nd 287 100 per cent 3rd 282 5 per cent 254 10 per cent 233 IS per cent 230 20 per cent212 words
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Page 8 Advertisements
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Advertisement463 1977-02-09 8 %w9~m i tifc'b 5 if.3 ~'-~X MX^% &2f 4-f •< -i i|V|au'« laASs.a asa j* »***<» *j ti. 1 fe !>• r'^ H sSss Sy \TO P l(()\ A A THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are463 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration738 1977-02-09 9 ALEXANDER NICOLL - By ALEXANDER NICOLL Reuter MR. Y.K. PAO, chalrmaitof the world-wide shipping group, said he expects tanker rates to rise slowly this year, and laid up tonnage to fall to around 25 million dwt from the current 33 million by the end ofReuter - 738 words
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Article, Illustration735 1977-02-09 9 LONDON, Tues Financial Times GOLDRING. the hi-fi turntable and cartridge manufacturer appointed a receiver last week after two years of losses because of competition from Japanese imports. The receiver, appointed by Barclays Bank will decide in the next week what is toFinancial Times - 735 words
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Article, Illustration394 1977-02-09 9 EXPECTED ARRIVALS TOKYO KEPPEL WHARVES American Mall (0600 after Christian Maersk) (Draft 9m) 3/4 Barge LS 74 (1300 alongside Straat Clarence) 33/34 Grace (Tanker) (1100 after Shoko Maru) (Subject Gas Free) 13/14 King Tower (0600 after Sumber Tunas VI) 22 Lae Express (ABMW) (0700 27/28 Ocean Happiness (after394 words
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290 1977-02-09 9 Reuter LONDON. Tues. Britain's worker-run motorcycle plant has been saved bv cash and sales help from General Electric, one of the country's industrial giants. General Electrical will make available £1 million to pull the two-year-old cooperative at Meriden. in theReuter - 290 words
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132 1977-02-09 9 Reuter DAYTON. Tues. NCR Corp said It is Introducing a new general purpose smallscale computer series, the NCR 8250. The company said the new series can be used either as. an independent interactive system or a communications oriented processor for use in computer networks. ItReuter - 132 words
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Article212 1977-02-09 9 AP LONDON, Tues. Generally busy chartering conditions were the main feature of weekend freight market business. Rates made little obvious move in either direction yester--1 day, but acceptance of j US$4.BO (FIO) by the Agamemnon for a 51,000tonne February grain voyage from US Gulf to Holland wasAP - 212 words
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Article599 1977-02-09 9 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE MAS MH682 0810 KCH PAA PA841 0950 SFO/HNL/GUM CAL CI816 J000 HLP JAL JL712 1000 HLP SIA SQ211 1010 HLP CPA CX710 1030 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK THAI TG981 1045 BKK599 words
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Page 9 Advertisements
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Advertisement93 1977-02-09 9 FOR THE DISCERNING BILUARD PLAYER. Superior English Billiard Tables by Karneham Hillman As used in English ChampionshipT.V. Series Complete with top quality English Accessories <k w. Enquiries: Tel: *****8 (4 lines) MR. P.A.CHAPLIN Get fheTiroide hack' on trade in Canada. Write for your free copy of "Businessman's Canada It's important93 words
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Article, Illustration1013 1977-02-09 10 RICHARD NATIONS - NO THREAT TO THE DOMINOES YET By RICHARD NATIONS FT EVERY government in peninsular South-east Asia faces at least one wellarmed insurgency, and Burma as many as 12. Even in Cambodia, the only apparent exception, unconfirmed rumours persist that the Khmer Krom (minority Vietnamese in Cambodia) are up in armsFT - 1,013 words
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Article, Illustration1188 1977-02-09 10 FOX BUTTERFIELD - By FOX BUTTERFIELD NYT IN THE four months since Mr. Hua Kuo-feng was elevated to the chairmanship of the Chinese Communist Party, an outpouring of Information has begun to fill In his background, providing a portrait of a shrewd, cautious man with aNYT - 1,188 words
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Article, Illustration1170 1977-02-09 10 JERUSALEM, Tuesday The Economist THE Israel Corporation was born out of high hopes. In April, 1968, the late Levi Eshkol, prime minister, called together some of the greatest Jewish millionaires In the world for a conference In Jerusalem, to decide how, as businessmen, they could bestThe Economist - 1,170 words
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Page 10 Advertisements
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Advertisement498 1977-02-09 10 Business Management in Penguins THE DEBT t|j|- TRAP The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gßin some control over their own economies and the role of IMF in498 words
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Article543 1977-02-09 11 Reuter MANILA, Tues. The Manila-based Asian Development Bank's lending operations In 1976 were marked by a further increase of 17 Vi per cent in total lending, according to Its quarterly review issued here today. Total loans approved In 1976 were U*****.90 million (S$Reuter - 543 words
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515 1977-02-09 11 UPI HONGKONG, Tues. The portion of China's budget allocated to defence will be reduced but the "absolute amount" spent "may still increase", according to Radio Peking. A report on China's defence spending was broadcast in connection with meetings now being held in PekingUPI - 515 words
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383 1977-02-09 11 A LOCAL company. International Display Systems, has recently begun production of electronic display systems for digital watches in a flatted factory at Kallang Place. IDS will be producing Liquid Crystal Diode (LCD) modules which provide watches with a continuous display. Digital watches using LCDs383 words
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343 1977-02-09 11 UPI TOKYO, Tues. Japanese cotton goods manufacturers and traders have appealed directly to Indian Prime Minister Indira Gandhi to ease controls on the export of short staple desi cotton, industry sources sid today. A letter requesting that exports be resumed was mailedUPI - 343 words
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275 1977-02-09 11 AP KUWAIT, Tues. The Ja-panese-controlled Arabian Oil Company of Kuwait is facing a critical situation as a result of the Saudl-Ku-wati oil price differential, the newspaper Al-Wattan reported today. The well-informed paper said the company's production shrunk from an average of 450.000 barrelsAP - 275 words
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283 1977-02-09 11 A SPOKESMAN for a local dredging company has denied a report that the Indonesian authorities have been demanding 20 per cent of the value of earth dredged from Indonesia as deposit for projects. "To the best of our knowledge." said a spokesman from283 words
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Article133 1977-02-09 11 UPI KUWAIT, Tues. The United Arab Emirates will be}in exporting natural eas to apan in the middle of March, the Qatar! news agency reported from Abu Dhabi last night. The agency, citing sources at Abu Dhabi's state owned Betroleum company ADOC, said anUPI - 133 words
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Article90 1977-02-09 11 IN the High Court yesterday. Sim Llm Finance filed five suits totalling $75,661.93, four of which were against Chase Pte. Ltd., and a fifth (for $27,462.38) against Control Data Trading. Other suits filed Include one by Veneer Products for $866,237.26 due for goods allegedly sold90 words
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Article55 1977-02-09 11 Reuter TOKYO, Tues. Japan's soybean Imports in 1976 rose seven per cent to 3,554,343 tonnes from 3,333 753 tonnes in 1975, but their value on a cost and freight basis declined 11 per cent to 249 billion yen from 279 billion, customs clearance statistics released byReuter - 55 words
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262 1977-02-09 11 Reuter WASHINGTON, Tues. Pakistan Embassy officials here have attempted to obtain information on how to build a nuclear device from a- Princeton University engineering student. Senator William Proxmire disclosed yesterday. The Wisconsin Democrat said that the incident underscored the desperation of foreign countries toReuter - 262 words
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220 1977-02-09 11 KUALA LUMPUR. Tues. Passengers travelling in third class coaches made up about 88 per cent of the passenger traffic carried by the Malayan Railway last year. Communications Minister Tan Sri V. Manickavasagam said today. He said the railways was therefore placing emphasis on220 words
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Article410 1977-02-09 11 THE Troika Restaurant, famous for Its Mongolian barbecued beef, will open for business today on the 43rd floor of the Development Bank of Singapore building on Shenton Way. The restaurant moves Into its new surroundings to make way for extensive construction work now being undertaken at410 words
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Article178 1977-02-09 11 MR. James Martin, an authority on computer systems, will be presenting a seminar on the design, management and future of distributed processing, data base, teleprocessing and network systems in Singapore from June 13 to 17. His seminar is part of a world programme which will cover only tha178 words
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184 1977-02-09 11 THE recent government plan to reclaim land between Tanjong Rhu and Telok Ayer Basin will affect the local lighter industry adversely unless remedial measures are taken. The Singapore Lighter Owners' Association is apparently, planning to appeal to the Government for an alternative working area184 words
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Article95 1977-02-09 11 Reuter DETROIT, Tues. Six thousand employees of Rockwell International Corporation's automotive division have gone on strike after negotiations between the company and the United Auto Workers Union broke down, the union said. The UAW said it struck Rockwell because the company refused to go along with aReuter - 95 words
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Article, Illustration1263 1977-02-09 11 The President's address at the opening of Parliament last night. HONOURABLE Members. We have gathered today at the start of a five-year term of this fourth Parliament since 1965. It will be Idle to pretend that the security and economic prospects1,263 words
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Article75 1977-02-09 11 THE Hotel and Catering Training School will be conducting three courses for hotel supervisory staff and departmental managers, commencing on March 28, 1977. The courses are Hotel Front Office at Supervisory Level and Hotel Housekeeping and Food Beverage. both at Upper Technical Department Management Level.75 words
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Advertisement511 1977-02-09 11 APPOINTMENTS This is an opportunity for a forward thinking young engineer to join a fast expanding International Organisation as INSTRUMENT PROJECT/ SALES ENGINEER The Company has achieved its reputation in the marine and landbased instrumentation and control engineering area. Their clients are oil companies. process industries, shipyards, shipowners and government511 words
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319 1977-02-09 12 Asian market expects further expansion in '77 ALL In all, 1976. was a successful year for the Asian dollar market. The size of the market, up to last December. Is U5517.35 billion. up $4.8 billion or 37.8 per cent over a year ago. This growth exceeded the expectations of many319 words
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Article846 1977-02-09 12 LONDON, Tues The stock market drifted slightly easier towards the close after a partial recovery mid-session, but many shares were still off the bottom, dealers said. At 3 p.m., the Financial Times Index was down 5.2 at 392.3. Leading industrials lost around 2p to 6p after falls of846 words
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185 1977-02-09 12 Reuter HONGKONG, Tues. The Hanoi official daily, Nhan Dan, has called for cooperation between Vietnam and the non-communist countries in South Asia. The daily, quoted by the Vietnam News Agency today, said: "As independent developing countries, we have the same duties and the same aspirations:Reuter - 185 words
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Article127 1977-02-09 12 THE Singapore Institute of Standards and Industrial Research (SISIR) has drawn up a Code of Practice for use In the wiring of electrical equipment in buildings. This code alms to achieve safety from fire and shock in the use of electricity in or about buildings127 words
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Article140 1977-02-09 12 KUALA LUMPUR, Tues. The Pahang Agricultural Development Board and Kumpulan Fima Berhad signed a memorandum of intent today to set up a Ms 36 million integrated oil palm industry in Pahang. Two London-based companies will provide the technical know-how in the proposed four-partner Joint140 words
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853 1977-02-09 12 AP NEW DELHI. Tues. Prime Minister Indira Gandhi's ruling Congress Party, proclaiming its "absolute and irrevocable committment" to democracy, promised India's 610 million people today a comprehensive socialist attack on poverty and economic disparity. In its political manifesto for the March parliamentary elections, theAP - 853 words
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399 1977-02-09 12 FOR MUTUAL SECURITY WITHIN ASEAN Reuter KUALA LUMPUR, Tues. Indonesian Defence Minister, General Maraden Panggabean, today urged member countries of the Association of South-east Asian Nations to make bilateral defence arrangements for their mutual security. Gen Panggabean was speaking at the MalaysiaIndonesia border committee meetingReuter - 399 words
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393 1977-02-09 12 KUALA LUMPUR, Tues. The Supreme Council of the ruling United Malay National Organisation (Umno) is expected to expel the two former Deputy Ministers. Datuk Abdullah Ahmad and Enclk Abdullah Majld from the party at its coming meeting, sources said here today. Datuk Abdullah confessed393 words
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566 1977-02-09 12 SHIFTING garbage may not appeal to everyone, but the people at Colex, Singapore's largest private refuse removers, are certainly smiling from their business. Colex, and other much smaller refuse removal contractors, owe their business to the fact that the566 words
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Article73 1977-02-09 12 Reuter LONDON, Tues. The British Labour government was last night defeated by one vote 130 to 129 In the House of Commons on a bill to cut state rebates to employers making redundancy payments to workers. Jubilant Conservative opposition Members of Parllament shouted out "resign" when theReuter - 73 words
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281 1977-02-09 12 THE Industrial Training Board has selected 3,900 out of 11,000 applicants for training in its 12 Institutions this year, in 23 trade and 10 artisan courses. Metal machining and electronic servicing appeared the most popular courses, attracting 1,584 and 1.420 applicants respectively.281 words
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Article59 1977-02-09 12 THE Industrial Training Board, under a recent staff re-organlsatlon, has appointed three more divisional directors to cope with Its enlarged operations. They are Mr. Mun Yew Hon (divisional director/ apprenticeship), Mr. Yap Yoon Sin (divisional director in charge of institutions), and Mr. Chng Eng Cheong, divisional director59 words
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197 1977-02-09 12 Reuter JAKARTA. Tues. The Indonesian Government has paid off short-term debts of the qtate-owned Pertamina oil company amounting to US$l,2OO million (552,940 million). Central Bank governor Kahmat Saleh said today. Pertamina still has longterm debts of $2,000 million, excluding arrears on hirepurchase andReuter - 197 words
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Article103 1977-02-09 12 Reuter SEOUL, Tues. The South Korean government has decided In principle to allow operations here of foreign insurance companies, but definite plans have yet to be worked out, authoritative sources said. They said the domestic market needs to be opened up to give stimulus toReuter - 103 words
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Article24 1977-02-09 12 UPI WASHINGTON, Tues. American Secretary of State Cyrus Vance yesterday conferred Mr. Ivor Richard. Chairman of the Geneva Conference on Rhodesia. UPIUPI - 24 words
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325 1977-02-09 12 A SIGNIFICANT portion of Singapore's domestic exports to Thailand may not be able to enjoy the proposed 10 per cent cut In tariffs If Thailand decides that the cut should be applied to selected goods only. According to agency reports, the325 words
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329 1977-02-09 12 THE Singapore Government cannot afford to softpedal the harsh realities of life, but it will explain its major policy decisions to the people so that they will appreciate what is being done on their behalf. "Occasionally," said Encik Othman Wok, Minister for Social329 words
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Article25 1977-02-09 12 AP BANGKOK. Tues. Vietnam and the Philippines have signed an agreement on trade promotion cooperation. the Vietnam News Agency (VNA) said today. APAP - 25 words
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Advertisement12 1977-02-09 12 (£l)Coft Executive's Lunch Special Roast from our Silver Wagon »s A 112 words
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Advertisement313 1977-02-09 12 PA now provides an extensive Management Development Programme for 1 Management Development Programmes 1977 t w Recognising the widely felt need in both public and private sectors for training courses to assist in the task of management development, PA now offers its new series of Management Development Programmes for 1977.313 words
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