The Business Times, 23 February 1977
1977-02-23
1
12
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section10 1977-02-23 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, FEBRUARY 23, 1977 50 CENTS10 words
-
NEWS IN BRIEF
-
Article46 1977-02-23 1 THE Minister for Foreign Affairs, Mr. S. Rajaratnam, yesterday sent a condolence message on behalf of the Singapore Government, to the British Prime Minister, Mr. James Callaghan, on the death of the Secretary of State for Foreign Affairs, the late Mr. Anthony Crosland.46 words
-
Article64 1977-02-23 1 UPI MOSCOW, Tues. The Soviet Union's TUI44 supersonic transport has carried out Its first test flight from Moscow to Khabarovsk In the Soviet Far East, the official Tass News Agency reported today. Tass said the TUI44 covered the distance of 6,300 km In three hours and 23UPI - 64 words
-
Article62 1977-02-23 1 KUALA LUMPUR, Tues. The president of the Asean Chamber of Commerce and Industry, Senator Kamarul Ariffin has called for the creation of an international technology bank to regulate the transfer of technology. He said such a bank could be set up as a specialised agency of62 words
-
Article57 1977-02-23 1 Reuter NEW DELHI, Tues. Burying their differences, India's, opposition parties have mounted a unified challenge to Prime Minister Indira Gandhi for next month's general election. Final nomination lists showed today that in nearly all constituencies, Mrs Gandhi's supporters and allies will face head-on fights against single candidatesReuter - 57 words
-
Article49 1977-02-23 1 Reuter THE HAGUE, Tues. Employers today agreed on talks without pre-conditions to end a pay strike that has almost paralysed Rotterdam, the world's busiest port. They had previously insisted that the strike, now in its third week, must be called off before negotiations could be reopened. Reuter.Reuter - 49 words
-
Article54 1977-02-23 1 ATHENS, Tues. The Greek shipping Industry, largest in the world, had 4,616 ships weighing 90 million tonnes in 1976, official figures showed today. In 1975, Greeks owned 4,330 ships totalling some 85 million tonnes. The Greek-owned merchant fleet was registered under six different flags: Greek, Liberlan, Panamanian,54 words
-
Article41 1977-02-23 1 AP AP CANBERRA, Tues. The World Health Organisation may declare Australia a cholera-risk area, Australian Director-General of Health Dr. Gwyn Ho wells said today. He said the Government had notified WHO of a cholera case reported In Queensland. APAP - 41 words
-
Article45 1977-02-23 1 AP GENEVA, Tues. The world's leading textile exporting and importing countries will meet here on March 16 to decide whether to amend or extend the international textile agreement which runs out at the end of this year, reliable sources said today. APAP - 45 words
-
Article44 1977-02-23 1 UPI NEW YORK, Tues. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 941.07, up 0.83; 20 transp 225.51, up 0.59; 15 utils 106.24, off 0.45; 65 stocks 308.40, up 0.12. UPIUPI - 44 words
-
-
Chief Price Changes
-
Article120 1977-02-23 1 Falls Most active Oolden Hope DBS S2.S0 *3.90 .12 .10 Qentlngs Haw Par 161,000 71.000 S. Resins *0 92 06 Central Sugars 55.000 8g Best *1 93 .06 Inrhrane 40.000 Bedford S Tardlng O.C B.C. Car Is berg Inchcape Stme Darby Stm Llm Kramat Toshiba Prima News120 words
-
Article, Illustration165 1977-02-23 1 FURTHER losses were recorded at the Stock Exchange of Singapore yesterday in very quiet trading. A similar trend was noted on the options board. The Business Times index fell 1.14 points to 263.44 while the Straits Times Industrial average was down 1.55 points to 252.%. Falls Most165 words
-
-
1070 1977-02-23 1 JAPAN'S TOP SHIPPER SAYS: Reuter TOKYO, Tues. The president of the Japan Shipbuilders Association, Mr. Isamu Yamashlta, said Japan can make no further concessions to help West European nations cope with the slump in world demand for new ships. In an interview with Reuters.Reuter - 1,070 words
-
Article515 1977-02-23 1 THE Government Is considering an amendment to the Newspaper and Printing Presses Act, 1974, to break the monopolistic control of major newspapers by a small group of people. The amendment under consideration, according to Mr. Jek Yuen Thong, the Minister for Culture, will prohibit anyone515 words
-
476 1977-02-23 1 CONFIRMING market rumours, Malayan Banking yesterday announced a scrip Issue of one-for-three and a rights of one-for-two at $3. The scrip issue shares are entitled to the rights which will raise $90 million for the bank. Together, the two Issues will Increase Malayan Banking's476 words
-
Article201 1977-02-23 1 AMOY Canning Corp (Hongkong), a member of the Sime Darby group, yesterday reported a 68.4 per cent Jump In consolidated pre-tax profit to HKSS.I2 million ($2.56 million) for the first six months ended Dec 31, 1976. With the buoyant results, Amoy has raised the201 words
-
160 1977-02-23 1 A DELEGATION of US civil aviation officials Is due to arrive here on Friday for talks with Singapore authorities on an air services agreement between the two countries. This will be the latest stage of a long-drawn out affair which began160 words
-
145 1977-02-23 1 MANILA, Tues. President Marco* today welcomed a suggestion from Britain to train a select group of Filipinos in banking, insurance, commodity dealing, shipping, brokerage and financial operations. The suggestion was made by Lord Shepherd, a special envoy of British Prime Minister James Callaghan, here145 words
-
344 1977-02-23 1 THE International Monetary Fund will conduct its seventh gold auction next Wednesday, marking the first of a new schedule of auctions to be held on the first Wednesday of each month. There will be 525,000 ounces of gold available for sale344 words
-
257 1977-02-23 1 AN aggressive campaign to encourage the expansion, upgrading and diversification or local Industries has been launched by the Economic Development Board. The aim of this campaign, explains EDB In Its latest Issue of Singapore Investment News, Is to foster a strong spread of local industries257 words
-
Article171 1977-02-23 1 MANY well-known industrial companies from other parts of the world have established their "second home" In Singapore. Among them, according to the Economic Development Board, are Genera' Electric of the US, Philips of Holland, Beechams of Britain and Hitachi and Matsushita of Japan. The EDB defines171 words
-
Article151 1977-02-23 1 Reuter ARMONK, New York, Tues International Business Machines (IBM) today offered to buy four million of its common shares at US$2BO (SS6B6) each This is 10 dollars more than the shares were being quoted on the New York Stock Exchange at the close of trading onReuter - 151 words
-
Page 1 Advertisements
-
Advertisement80 1977-02-23 1 With a Reputation for Unrivalled Security and Fair Dealing over 131 years, Our Clients can be Assured... ••ts Royal Insurance (Incorporated i« I looks after you. Fast 18th Fir., Ocean Building, Collyer Quay, Singapore 1. Tel: ***** *****1. INSIDE Overseas newi/TV ft Radio Oversea* news/Features Local Co news International Co80 words
-
Advertisement63 1977-02-23 1 RECORD m 1 W' 1 *0L Vj h SOW >■ f r "v\ ~Fj ir*" w VO-1810 ITS A SONY" •Dual system: Displays both PAL and modified NTSC colour recording when combined with both CVM-1810E&VO-1810. Receives and records TV programmes off the air. •Fully Automatic, solid state circuitry. For further63 words
-
Advertisement194 1977-02-23 1 Gas has got a o ew flame liflrff TAffIDTA I The Linea 98 is* a manual typewriter that incorporates features trom the electrics <x> bailrod for easy title centering end-of-page indicator 4ft high speed margin setting key unique paragraph indentation Olivetti's Linea 98comes with so many proven features from electric194 words
-
-
OVERSEAS
-
603 1977-02-23 2 Reuter WASHINGTON, Tues. President Carter today offered Congress a budget for the 1978 financial year with a deficit of U5557.7 billion (*****.4 billion) nearly $11 billion more than recommended last month by President Ford. Substantial revisions of the Ford budget were limited toReuter - 603 words
-
Article221 1977-02-23 2 Reuter ESSEN. Tues. German exporters will put up supplier credits of around 500 million marks (SSSI4 million) as part of the German contribution to foreign loans for the Brazilian state-owned Acomlnas steel project, a spokesman for German suppliers' coordinator Ferrostaal Ag said. In addition, aReuter - 221 words
-
261 1977-02-23 2 Reuter ROME, Tues. An IMF mission is scheduled to arrive here on Feb 28 to resume negotiations for a stand-by loan to Italy, Treasury sources said. Italy is seeking an initial US$53O million billion) loan under its remaining drawing quota,Reuter - 261 words
-
142 1977-02-23 2 Reuter TEHERAN. Tues. Mr. Berthold Beitz, general manager of the West German Krupp Industrial group, has had talks with Iranian Prime Minister Mr. Abbas Hoveyda on possible Joint Industrial projects in other countries, the newspaper Kayhan International said yesterday. It said Mr.Reuter - 142 words
-
Article, Illustration541 1977-02-23 2 UPI LONDON, Tues. A shade over a decade after entering politics. Dr. David Owen has become Britain's youngest Foreign Secretary since Anthony Eden. Dr. Owen, 38, was picked by Prime Minister James Callaghan to replace the late Anthony Crosland at the helmUPI - 541 words
-
Article, Illustration690 1977-02-23 2 Reuter TEL AVIV, Tues. As thousands of delegates gathered for the Labour Party's convention which opens In Jerusalem today, the struggle between Prime Minister Yitzhak Rabin and Defence Minister Shimon Peres for the party leadership entered Its final stages with both men claiming more thanReuter - 690 words
-
281 1977-02-23 2 Reuter TOKYO, Tues. Two Japanese refineries are unable to take delivery of Australian raw sugar they were committed to Import under a long term agreement concluded between 33 Japanese sugar companies and Australian suppliers, the Japan Sugar Refiners Association said.Reuter - 281 words
-
Article209 1977-02-23 2 UPI COLOMBO, Tues. The pro-Moscow Communist Party of Sri Lanka has broken off Its coalition with the Government, and Prime Minister Sirlmavo Bandaranaike yesterday said she might have to relmpose the national emergency to ward off chaos in the country. The Communist Party, led byUPI - 209 words
-
Article248 1977-02-23 2 Reuter CANBERRA, Tues. Australia's annual inflation rate Jumped by a further half point to 14.4 per cent today, with the release of the country's cost of living guide, the consumer price index (CPI) for the December quarter. The quarterly increase of six per cent wasReuter - 248 words
-
Article31 1977-02-23 2 TOKYO, Tues. Industrial machinery orders In Japan were forecast at U5515,852 billion (5538.83 billion) for the fiscal year starting April 1 by the Japan Society of Industrial Machinery Manufacturers.31 words
-
364 1977-02-23 2 Reuter FRANKFURT, Tues. The French franc should strengthen against the mark by the summer, recovering from present weakness caused by nervousness befo*re next month's municipal elections, foreign exchange dealers and economists at French and German banks here said. They said the market's current reactionReuter - 364 words
-
449 1977-02-23 2 UPI AP BEIRUT, Tues. While stressing the importance of unity among members of the Organisation of Petroleum Exporting Countries, Saudi Oil Minister Ahmed Zaki Yamani today said efforts to abolish the oil cartel's two-tier price system are still deadlocked. Mr. Yamani, who arrivedUPI; AP - 449 words
-
103 1977-02-23 2 Reuter TAIPEH, Tues. The Taiwan government plans to help private investors build 26 ships in the next three years at a cost of US$3B4 million (SsB4l million), the China Times here reported today. According to the mass circulation daily, the plan includes theReuter - 103 words
-
485 1977-02-23 3 BRUSSELS, Tuesday Reuter NEXT month's negotiating conference on a common fund to finance buffer stocks of major commodities will probably end In another clash between the Less Developed Countries (LDC's) and the main Industrialised nations, Jose Nicoial, head of the Raw Materials SecretariatReuter - 485 words
-
Article146 1977-02-23 3 Reuter FRANKFURT, Tues. West German exports in 1977 are expected to rise a real seven to 10 pet from last year's 256.2 billion marks and 14 per cent rise over 1975. Commerzbank Ag said in its latest economic report. But it said export prospects seem lessReuter - 146 words
-
171 1977-02-23 3 Reuter LONDON, Tues. Britain's Gross Domestic Product rose 0.9 per cent In the fourth quarter of 1976 compared with the third quarter's 0.3 per cent Increase over the second, the Central Statistics Office said. The preliminary figures, at 1970 factor cost, are basedReuter - 171 words
-
Article171 1977-02-23 3 UPI TOKYO, Tues. Japan will lodge a protest with the General Agreement on Tariffs and Trade (GATT) against the European Community's recent Imposition of special anti-dumping duty on Japanese ball bearings at a GATT's two-day meeting in Geneva starting tomorrow. Officials said the government's decisloqUPI - 171 words
-
316 1977-02-23 3 UPI LYON, Tuti. A Hongkong trade delegation opened its campaign to increase trade with France by telling Lyon businessmen that France should abandon what delegation members call "protectionist and isolationist policies." An estimated 150 Lyon bankers and textile manufacturers and other industrialists attendedUPI - 316 words
-
Article398 1977-02-23 3 UPI THE HAGUE, Tues. Holland's worst rash of walkouts In 30 years seemed to be winding down today with a third of the strikers back at work pending final wage settlements and others oftenlng their position. Some 11,000 of the more than 30,000 workers In theUPI - 398 words
-
396 1977-02-23 3 AP MEXICO CITY, Tues. Mexico's probable oil reserves are much larger than a 60 billion barrel figure released last week by US oil Industry sources, according to the head of the government-owned petroleum firm. The president of Petroieoa Mexlcano (Pemex), Jose DiazAP - 396 words
-
179 1977-02-23 3 AP LISBON, Tues. Premier Mario Soares, returning from a European tour, said yesterday that Portugal was nearer to Common Market membership. Mr. Soares told reporters, after visiting Britain, Ireland, Denmark and Italy, that he believed all four countries now suDDorted Portuguese membership. He saidAP - 179 words
-
445 1977-02-23 3 UPI WASHINGTON, Tues. Major US manufacturers said yesterday outlawing participation by US firms in the Arab boycott of Israel would cost American jobs, but a coalition of Jewish groups said Arab countries would keep buying quality products from America. A Senate bankingUPI - 445 words
-
111 1977-02-23 3 Reuter PARIS, Tues. Arab petrodollars represent only about a fifth of total Eurocurrency deposits in French banks and are far from being a threat to the banks, Societe Generale president Maurice Laure said in a newspaper Interview published here. He rejected a recentReuter - 111 words
-
Article32 1977-02-23 3 UPI BRUSSELS, Tues. Industrial Production In the European Common Market grew seven per cent last year In comparison with 1975, according to preliminary [figures released by the com[munlty yesterday upi.UPI - 32 words
-
-
Page 2 Advertisements
-
Advertisement361 1977-02-23 2 Good reading on iiUlv. from Penguin China the most populous nation in the world. Fast emerging as a major power in world politics. Isolated from the rest of the world for over two decades, world attention has nevertheless turned to this most enigmatic of nations time and again. Starting with361 words
-
-
Page 2 Miscellaneous
-
Miscellaneous19 1977-02-23 2 Bnstow Bar e^istow FranlcD;c±enS V 9 S THefiepsoi HJOGC sees eMeevTuiNG uioo so eASiuy \s Because of v>wr doqi?19 words
-
Miscellaneous319 1977-02-23 2 THE WEATHER I WEATHER report for 24 hours prior to 7.30 p.m. on Feb 23 at Singapore airport: Maximum temperature 29.0° C Associated humidity Wj Minimum temperature 21.6°( Associated humidity Hours of sunshine 3.30 Rainfall in millimetres 1-3 Total rainfall for the month 84.♦> Total rainy days for the month319 words
-
-
Page 3 Advertisements
-
Advertisement601 1977-02-23 3 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who601 words
-
-
COMPANY NEWS
-
1358 1977-02-23 4 ARTHUR NG - By ARTHUR NG DESPITE the strong advances made by Slngapura Building Society since Its incorporation In 1969, with pre-tax profit growing at an average annual compound rate of 21.1 per cent, the company is likely to face difficult times in the future. This1,358 words
-
COMPANY MEETINGS
-
Article19 1977-02-23 4 THE following company meetings are due: Feb 25, 12 noon, at 4701 OCBC Centre, Singapore 1.19 words
-
Article16 1977-02-23 4 Feb 28, 10 a.m., Registered Office. Ist Floor, M.C.A. Building Jalan Brewster. Ipoh.16 words
-
Article15 1977-02-23 4 Feb 28, 12 noon, at Supreme House (11th Floor), Penang Road, Singapore.15 words
-
18 1977-02-23 4 The Straits Times Press (1975) Ltd. Feb 28, 12.30 p.m. at Supreme House (11th Floor). Penang Road, Singapore.18 words
-
18 1977-02-23 4 Mar. 4, 11.30 a.m., at Hotel Negara. 19 Claymore Drive, Singapore 9.18 words
-
Article23 1977-02-23 4 Mar 7, 12 noon, at the Ballroom, Lower Lobby of the Regent of Kuala LumEur, Jalan Imbl, Kuala umpur.23 words
-
Article16 1977-02-23 4 Mar 17, 11 a.m., Registered Office, 178-3 Jalan Sungel Besl. Kuala Lumpur.16 words
-
-
965 1977-02-23 4 IN a move to extract more information from Hongkong Tin, a group of shareholders has requisitioned an extraordinary general meeting. Fireworks seem likely at the meeting on March 15 as the shareholders qulzz their board on the company's performance and mining plans965 words
-
Article1831 1977-02-23 4 CHRISTOPHER HILL - BIAS IN FAVOUR OF THE SMALL DEAL By CHRISTOPHER HILL FT THE news that the Stock Exchange Council has decided to go ahead with the final stage of Its £13 million. Talisman scheme to computerise the routine work In settling sales and purchases of shares,FT - 1,831 words
-
Article94 1977-02-23 4 Reuter TOKYO, Tues. Kawasaki Heavy Industries reached agreement to supply Deere and Co of the United States with 15,000 340 c.c. engines annually for use on show vehicles, starting from 1978, a Kawasaki spokesman said. The two-cycle air-cooled engines will be supplied through Kawasaki MotorReuter - 94 words
-
Article66 1977-02-23 4 BOSTON. Tues The State of Massachusetts Is studying proposals for a possible bond sale to advance refund the US$535 million of nine per cent 25-year bonds sold in early 1976, State Treasury Department officials said. To undertake such a programme new state legislation would be needed. This66 words
-
Article252 1977-02-23 4 DUTCH Baby Milk Industries (Malaya) has said that Its participation In a new Malaysian Joint venture Is to ensure the Dutch Baby organisation remains the leading producer of fresh milk and other dairy produce In Malaysia. Replying to queries from the Kuala Lumpur Stock252 words
-
Article33 1977-02-23 4 LONDON. Tues. Canadian National Railways Cs6o million ten-year Eurobond has been priced at 99 l per cent with an 8 7/ per cent coupon. Joint lead managers McCleod Young Weir said.33 words
-
Article151 1977-02-23 4 v urreni payment u Date Date Total for Total for payable the year prev ious year Strait* Time* 27.5% Feb 11 Mar 3 27.5% Times Publishing 17.5% Feb 11 Mar 3 27.5% 25% M. Tobacco 35% Feb 7 Mar 18 50% 40% Idrit Hyd 30%+ Mar 25 60%+151 words
-
605 1977-02-23 4 ELIZABETH M. FOWLER - By ELIZABETH M. FOWLER NYT EIGHT years ago, Thomas B. Hubbard, an advertising executive, had the Job of merging two New York agencies with one In Chl>cago. No sooner had he completed the task than he was dismissed, a victim of consolidation.NYT - 605 words
-
Article102 1977-02-23 4 Reuter MELBOURNE, Tues. Woodside-Burmah Oil NL said its No. 5 appraisal well in Western Australia has reached 3.500 metres, and the 215.9 mm hole will be opened to 30.5 cm to a depth of about 3,300 metres before 244.5 mm casing is set and testing begun. The HaycockReuter - 102 words
-
-
Page 4 Advertisements
-
Advertisement320 1977-02-23 4 NEW DIRECTIONS The magazine that actually says what you have been thinking all along. New Directions quarterly was born in late 1973 and has since then quietly set about its task to enhance the intellectual climate in Singapore, to stimulate the spirit of debate and to cast light on major320 words
-
-
INTERNATIONAL COMPANY NEWS
-
Article199 1977-02-23 5 Reuter MONTREAL, Tues. Alcan Aluminium said In the annual report It plans capital expenditure of about Cs3oo million In 1977 against $138 million In 1976. A staged smelter expansion and rebuilding programme In Quebec Is planned when conditions permit, the company said. "Before embarking onReuter - 199 words
-
Article92 1977-02-23 5 Reuter MANILA. Tues. The Bondoc consortium drilling on the south-eastern Bondoc Peninsula has reached 60m, and is continuing, officials of the Philippine Oil Development (Podco), the consortium's operator, said. They said the present drilling programme would confirm whether or not there was substantial natural gas in theReuter - 92 words
-
Article76 1977-02-23 5 Reuter LONDON. Tues. Mobil North Sea said two new production wells drilled from the Beryl "A" platform in the North Sea have added some 50,000 barrels per day of production capacity. Total capacity of the seven wells completed to date is some 70.000 barrels per day. somewhat above levelsReuter - 76 words
-
Article337 1977-02-23 5 DETROIT, Tues. Last year has turned out to be the best 12 months in the history of Chrysler. For In the process of achieving a big turnround to profit, Chrysler has i chalked up record results for the year just ended. Both sales and net profit337 words
-
150 1977-02-23 5 Reuter MANILA, Tues. The Signal oil consortium drilling off the western Philip-, pine Island of Palawan said it has begun taking sidewal core samples around 3,080 metres as part of its tests. New casing is to be put in to allow the drilling to continueReuter - 150 words
-
Article281 1977-02-23 5 Reuter SYDNEY. Tues. PekoWallsend has enjoyed a 57.4 per cent jump In net profit to A 56.03 million ($3.83 million) in the first half-year ended Dec 31, 1976. Gross income was 29.8 per cent higher at $61.07 million ($47.03 million). Peko-Wallsend is paying a maintained interim dividend ofReuter - 281 words
-
Briefly
-
Article47 1977-02-23 5 TOKYO. Tues. Sumitomo Metal Industries said it is considering a Swiss franc bond issue in the near future. A company spokesman declined to comment on trade reports the issue, for 80 million Swiss francs, will be made in April through a syndicate manaeed by Swiss Bank.47 words
-
Article89 1977-02-23 5 LONDON. Tues. The Corporation of London is raising t25 million through a 13 U per cent bond issue due 1983 priced at 98Vi, the Bank of England said. The Corporation, the local government authority of the City of London, last raised money on the corporation bond market in 197389 words
-
Article53 1977-02-23 5 TOKYO. Tues Hitachi Zosen said its US$3O million seven-year 7 3 per cent Euro notes were priced at 99.25. The notes will be issued next Thursday by an international syndicate of underwriters led by Nikko Securities (Europe) and Warburg. Hitachi said. The notes will be listed on the Luxembourg53 words
-
Article25 1977-02-23 5 G W ZURICH. Tues Gulf and Western Industries will be listed on the bourses of Basle, Zurich and Geneva from March 25, Schwelzerischer Bankverein said.25 words
-
Article50 1977-02-23 5 LONDON, Tues. The Agricultural Development Bank of Iran has completed arrangements for a US$l3O million seven year Euroloan at an interest rate of 114 per cent over London interbank offered rates. First Boston (Europe) said. The loan was managed by First Boston and by The Iran Overseas Investment Bank.50 words
-
Article54 1977-02-23 5 SYDNEY. Tues. Lombard Australia said It will raise A$30 million In three series of debentures and debenture stocks. Interest ranges from 12.50 per cent for five years to 11.25 per cent for one year. It said it will not nominate amounts for each category but will issue debentures until54 words
-
-
Article499 1977-02-23 5 FT LONDON. Tues. Ireland's biggest industrial company. Cement Roadstone Holdings, is to spend almost 118 million on group development in Ireland during 1977. Mr. Jim Culliton. chief executive says investment of this magnitude is only possible with increased profits and the necessary incentives such as thoseFT - 499 words
-
Article275 1977-02-23 5 JOHANNESBURG, Tues. Anglo American of South Africa Ltd and Rand Selection said they reached agreement in principle for the merger of the two companies. Randsel agreed to proceed with a rights offer to raise 80 million rand, which was a condition of the original proposals,275 words
-
115 1977-02-23 5 Reuter OITA, Western Japan, Tues. Mr. Eishlro Salto president of Nippon Steel,' said his company would like to decide upon an increase in steel prices at the earliest possible date after April. He told newsmen an increase in steel prices has become necessary becauseReuter - 115 words
-
Article60 1977-02-23 5 Reuter SUVA. FIJI. Tues. Fiji's Labour Minister Mr. Ratu David Tonanlvalu has set up a committee to report on the possibility of running Emperor Gold Mining's gold mine at Vatukoula. Labour Secretary Mr. Satyanand said. Emperor closed the mine a week ago following its failure to reach agreementReuter - 60 words
-
75 1977-02-23 5 Reuter LONDON, Tues. Union representatives of General Electric workers are opposing the company's capital reconstruction plans, the chairman of the National Joint Consultative Council, Mr. Roy Sanderson, said. Mr. Sanderson, of The Electrical Trades Union, said the unions have written to Prime Minister James CallaghanReuter - 75 words
-
Article65 1977-02-23 5 Reuter AMSTERDAM, Tues. Bank Mees en Hope said it will issue a 75 million guilder BVi per cent 10-year debenture loan at a price to be announced by Feb 25. Subscriptions will be open until March one for payment April 1. The loan will be redeemed in 10Reuter - 65 words
-
Article908 1977-02-23 5 LEONARD SILK - CPI INCREASE By LEONARD SILK NYT WALL STREET has been suffering from a case of inflationary jitters. These were aggravated last week by news of the jump of 0.8 per cent in consumer prices in January. For those determined to achieve maximum anxiety, 0.8 perNYT - 908 words
-
Article46 1977-02-23 5 TOKYO, Tues. Mitsui Engineering and Shipbuilding is negotiating for a business tie-up with Energy Incorporated, a US nuclear engineering company headquartered in Idaho Falls, to start an Information service in Japan concerning the safety of nuclear reactors and peripheral equipment, a Mitsui spokesman said. i46 words
-
Article694 1977-02-23 5 NYT NEW YORK. Tues. Two long-vital New York institutions. the New York and the American Stock Exchanges. face uncertainty and change, with their very existences at stake as the Securities and Exchange Commission seeks to carry out Its mandate to set up a national market for tradingNYT - 694 words
-
-
Page 5 Advertisements
-
Advertisement490 1977-02-23 5 Socialism .The Singapore way In May 1976, the ruling People's Action Party in Singapore made a strong stand against serious allegations by the Dutch Labour Party at the meeting of the Bureau of the Socialist International in London. It culminated in C.V. Devan Nair, the PAP's special representative to the490 words
-
-
Article2133 1977-02-23 6 Gr's Gr'» Net 197ft/77 Last div Div jrH P/E Vol Day High Low Company Sale 4«c- e'vr COOO) High Low SECTION ONE INDUSTRIALS 175* 133 Acma 143 +1 12.ON 1.1 8.3 7.2 1 143 143 131 130 Acma A 130 12.ON 1.1 9.2 6.5 206 172 Alcom2,133 words
-
Article1160 1977-02-23 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In IoU of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett.' Big Board1,160 words
-
Article1215 1977-02-23 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS. Acma (1 428 1 465). A. Tap* (0.468 0 508) Ajinamata (11,215 words
-
Article146 1977-02-23 6 STRIKING prices of the stock options offficially 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) i (0.26v,8 0 28V.S) (Sept $3.90) (0.28B) F and N (June $4.00)146 words
-
Article149 1977-02-23 6 SINGAPORE UNIT TRUST (Manager*' price* for Feb 23). INCOME BOND I "NIT (Current price*) The Commerce 1.77 1.87 The Saving Fund 0 #6 1.01 S pore Prog Fund 0 80 0 85 S pore Security Fund 1.37 1.45 S pore Invest Fund 105 l.U ASIAN L'NFTTRI ST (.Managers'149 words
-
Article170 1977-02-23 6 B O T 8 1/2% 1981 (100.000) (102 7 «B 103SS) D B S 8 1/2% 1982 (100,000) (99 7 aß 100SS) DBS Converts 6 1/2% 1991 (100,000) (96H8 97-/ aS) E I B 9% 1982 (100,000) (1038 103^S) E I B 8 1/4% 1983 (100,000) (99*«8 100V«S)170 words
-
Article106 1977-02-23 6 5 1/2% 1/12/77 (1,000.000) (101.558 101 65SK 1)101.57 5 1/2% 15/4/78 (1,000,000) (101.608 101 78S) 5 1/4% 15/7/78 (1,000,000) (101 488 101.595) (1,000,000) (103.358 103.505) 7% 1/7/79 (1,000,000) (104.858 105.00S) 5 1/2% 1/10/77-79 (1,000,000) (101.608 101.70S) 5 1/4% 15/10/79 (1,000,000) (101.008 101.18S) 6 3/4% 15/6/80 (1,000,000) (103.00B)106 words
-
Page 6 Advertisements
-
Advertisement141 1977-02-23 6 found only in the Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modern Business Enterprise: M.141 words
-
-
Article467 1977-02-23 7 SHARE price* tended lower in very quiet trading at the Stock Exchange of Singapore yesterday as operators continued to hold off. Trading was characterised by solitary deals written intermittently. On balance, the market closed with losses outnumbering advances two-to-one. The extent of losses, however, was narrow as467 words
-
Article362 1977-02-23 7 PRICES continued to rule easier In featureless trading at the Kuala Lumpur stock market yesterday. In the absence of any incentive to deal, operators were generally withdrawn most of the day. The tendency among most traders was to take profits whenever they could with a362 words
-
Article195 1977-02-23 7 TOKYO, Tues. The Tokyo Stock Exchange is tightening up its listing requirements which may force up to 25 per cent of the counters listed on the first section into the second section next year. The new rules are to get more individual investors into the195 words
-
WALL STREET AND OTHER OVERSEA MARKETS
-
Article316 1977-02-23 7 AMSTERDAM: The market fell slightly In dull trading on Monday, brought about by the closure of US stock markets as well as carnival celebrations In Holland, dealers said. Continued strikes In several major sectors of Industry were also a dampener on activity. Dutch Internationals were unchanged on balance. Akso316 words
-
Article169 1977-02-23 7 MILAN: The market closed slightly higher In fair trading after a firmer opening, dealers said on Monday. However, among leading Industrials, Anic and Snia Viacoaa were marginally lower, and Pirelli SPA lost three lire closing at 1120 after capital Increase plans were confirmed today by managing director, FUberto Plttlnl.169 words
-
Article278 1977-02-23 7 ZURICH: The market fluctuated narrowly with a firmer bias as new Incentive was lacking dealers said on Monday. Financials ruled quietly steady. Insurances showed only minor changes both ways. Among Irregular leading Industrials BBC bearer recouped an earlier loss on renewed demand at the lower levels. Nettle and Alusuiase278 words
-
Article329 1977-02-23 7 FRANKFURT: Most leading shares closed up to one mark lower on Monday, partly due to renewed money market tightness, with activity dampened by carnival festivities, dealers said. Among heavier losses, In the engineering and auto sector, BMW lost 2 50 marks, Daimler 1.50, Demag 2.30 and KHD 1.30. BBC329 words
-
Article396 1977-02-23 7 JOHANNESBURG: Gold shares were sharply firmer on Monday In places following the higher London morning billion fix, dealers said. Demand was mostly on local account, but some London Interest was noted, they added In heavyweights. Randftit advanced 125 cents to 4,200 while elsewhere. Marvale gained 17 cents to 115396 words
-
Article308 1977-02-23 7 TORONTO: A broad rally In the last hour pulled share prices out of a day-long slump to result In a mixed close on Monday. Trading was light. The composite Index rose point and declining Issues slightly outnumbered gainers. Fa icon bridge Nickel rose 1 at 37, Aabeato* Corp 1308 words
-
Article171 1977-02-23 7 BRUSSELS: The market was narrowly mixed in very quiet trading, with business thinner than usual due to the Washington Birthday holiday on Wall Street, dealers said on Monday. Hoboken, Teittndrrloo, Clabecq and Cockerill were higher, while Wagona-Lita, UCB, Klectrafina and Finoutremer fell. Intercom was depressed by news of Its171 words
-
Article409 1977-02-23 7 PARIS: The market was lower on Monday amid renewed uncertainty ahead of next month's municipal elections and concern that the socialistcommunist alliance may Implement a heavy nationalisation programme, if It gains power at next year's parliamentary elections, dealers said Speculation that the January retail price index, due to be409 words
-
Article163 1977-02-23 7 MANILA Minings and commercials declined while oils posted slight gains, with total turnover rising slightly to 2.49 million pesos from 2.28 million, dealers said on Tuesday Gainers included Phile* A Phil Overaea*. Oriental 'A' ana Seafront but Atla» Con 'A Br Goodrich. Lep«nto 'B' and San Miguel 'A' lost163 words
-
Article412 1977-02-23 7 SYDNEY: Share prices generally fell due to concern about the economic situation, although selected issues and situation stocks showed some gains, dealers said on Tuesday. The Sydi.ey All-Ordlnarles index fell 0.76 point to 426.52. Market leader BHP fel| 16 cents to $6.76 Pancontinental 32 cents to $8.98 and CSR412 words
-
Article374 1977-02-23 7 HONGKONG: Share prices fell on lack of buying support in fairly quiet trading, with operators awaiting Hongkong Bank's final results due later today, dealers said on Tuesday. The Hang Seng index dropped 3.96 points to 439.77. Jardine Matheaon dropped 40 HK cents to $17.70 Swire Pacific 15 cents to374 words
-
Article506 1977-02-23 7 TOKYO: Share prices closed slightly higher on Tuesday, as late profit taking erased most early gains in thin trading, with end-month sentiment prevailing, dealers said. The Dow Jones average gained 1.06 to 5,024.58. with volume 190 million shares. The New index closed at 379.36 up 0.03. Recently neglected blue506 words
-
Article87 1977-02-23 7 FINANCIAL TIMES INDUSTRIAL Monday 389.0 Friday 393.0 Week ago 366 3 DOW JONES AVERAGE INDUSTRIALS Monday Closed Friday 940 24 Week ago 938 33 LONDON DOLLAR PREMIUM Monday i08'4 to 108S% Friday 103 T 4 to 104H% H.K. HANG SENG Monday Closed Friday Closed Week ago 436.16 SYDNEY INDUSTRIALS87 words
-
-
514 1977-02-23 7 Reuter FRANKFURT, Tues. The Federal Loan Consortium will meet on Friday at the Bundesbank to set the conditions for a new Federal Government loan, a Bundesbank spokesman said. Bond market sources said the government Is believed to be Interested In raising around one billionReuter - 514 words
-
112 1977-02-23 7 Reuter MELBOURNE, Tues. ICI Australia sees good opportunities ahead for substantial investments and its plans for these are well advanced, company chairman D.R. Zeidler told the annual meeting. Reporting sales rose 17 per cent to $180 million in the first quarter ended DecemberReuter - 112 words
-
Page 7 Advertisements
-
Advertisement347 1977-02-23 7 Yes, Penguin books are not to be found in any ordinary shop. ot n ttle roa d" s 'de stalls. Heavens, certainly not in the Apasar malam! Because Penguin books are rather m special. They are mind-stimulating, deeply researched, 7 J entertaining in a wholesome way, highly educational qu teun,ikethetypethatmere347 words
-
-
COMMODITY REPORTS AND PRICES
-
Article823 1977-02-23 8 OPENING quotations were marked around overnight levels in the Singapore rubber market yesterday, and thereafter prices fluctuated narrowly In very quiet trading on lack of interest, dealers said. Turnover was small. Physicals were neglected. The morning session closed quiet, with March RSS One buyers quoted823 words
-
Article28 1977-02-23 8 Rubber: Feb 22 Singapore: 203.00 cm (down 0.50 cts.) Malaysia: 207.50 eta (up 0.25 eta) Tin: $1,558.00 (down 13.00) Official offering: 160 tonnes (up 35 tonnea)28 words
-
Article264 1977-02-23 8 LONDON, Tues. Robusta futures ended the opening call steadier at or near Monday's highs. Gains were £17 to £2 per tonne up from Monday night with 242 lots r Q /^prj May rose £17 at £3,400 after a low of £3,380. SEP after trading at a new contract high264 words
-
Article106 1977-02-23 8 Mar Apr R.A.S. (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Seller* (cent* per kg) (cent* p< ■r kg) SSK20 SSR50 (1 ton Pallet) (1 ton Pallet) 100 00 187 50 192 OOS 189 50N 191.50 189 00 193 50N 191 OON M.K.K.L.B. SMR5CV (1-ton Pallet) SMR5L O-tonPaet106 words
-
Article256 1977-02-23 8 IN the Singapore gold market yesterday, the kllobar was traded In the range of 5510,940 to 5510,985. Volume was good on renewed buying Interest. The loco London gold opened at U*****.30/137.75 and on good buying support closed at U*****.80/138.20. The London morning fix was U*****.50 unchanged from the previous256 words
-
Article192 1977-02-23 8 THE Straits tin price in Penang yesterday was down $3.00 to $1,558.00 on an official offering up 35 tonnes to 160 tonnes. On Monday afternoon, tin standard rose £10 for Cash and £15 for Three Months In both contracts. The market lacked fresh incentive and only routine business192 words
-
Article41 1977-02-23 8 Destination Period. Jan 1 to 15, 1977 Shipped Afloat Tonnes Tonnes Canada 5.00 Continent 1,370.00 830.00 India 23.50 Japan 491.75 261.00 Middle East 8.00 Pacific 253.50 30.00 Singapore' 12.00 5.00 United Kingdqjn 70.00 100.00 USA 684.00 125.00 2,912.75 1,356.0041 words
-
Article113 1977-02-23 8 THE following Palm Oil prices were quoted in London on MWjH? The price* are elf Rotterdam and are quoted in US dollar per ton unless otherwise stated Monday Prev. Malaysia 5% f fa bulk Apl'May unch 509 sir Sumatra 5% Feb 520 res 515 Mch 520 res. 519/520113 words
-
Article183 1977-02-23 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICL'L YESTERDAY. Coconut Oil Bulk *85 sellers, old drum *90 sellers, new drusn *95 sellers Copra Mixed (loose) UK/ Cont. *55 buyers. Pepper Muntok ASTA white f ob 100% NLW $355 sellers, Sarawak white f ob 86% NLW *335 sellers,183 words
-
Article263 1977-02-23 8 LONDON, Tues. Terminal opened easier, £0.55 to £1.50 per tonne below Monday's close. Turnover was 332 lots. Dealers said there was no fresh news and they attributed the easier tone to commission house and local selling based on charts. These showed the market had moved down through the lower263 words
-
Article70 1977-02-23 8 LONDON, Tues. Zinc eased by mostly £2 in the morning. Values were shaded reflecting the general trend but dealings were fairly well matched as hedge selling found support from prof it-taking purchases. Three Months finished trading at £430 per tonne. Sales were 1.750 tonnes. On Monday afternoon, zinc rose70 words
-
245 1977-02-23 8 Reuter MANILA, Tues. One of the world's leading commodity brokers today forecast that the present sugar surplus could last until 1979 and said It was unlikely that the International Sugar Agreement could bring back regulaterry quotas until the surplus disappeared. Mr. D.G. Clatworthy,Reuter - 245 words
-
Article201 1977-02-23 8 LONDON, Tues. Copper wlrebars finished with Cash £0.50 lower and Three Months unchanged In the morning. The market was subdued following the US holiday on Monday and a continued lack of significant fresh physical activity dealers said. In the pre-market Three Months hardened to £863 on light short-covering and201 words
-
Article165 1977-02-23 8 LONDON, Tues. Silver closed 0.1 pence per troy ounce lower to 0.5 pence higher In the morning. In the absence of an overnight lead from New York and little trading interest, the market was sustained by the movement in gold, dealers said. Ring dealings were thin with carries forming165 words
-
Article112 1977-02-23 8 LONDON, Tues. Lead lost £6 for Cash and fully £3.50 for Three Months In the morning. There was a further retreat under profit-taking and hedge selling following the recent sharp run up to record traded levels. The US holiday had a restraining influence, dealers said. Three Months traded from112 words
-
Article106 1977-02-23 8 BANGKOK, Tues. Indicative prices for rice quoted in Bangkok yesterday were: US dollars per tonne fob basis Bangkok. White Rice: 100 per cent Ist class 282 100 per cent 2nd 267 100 per cent 3rd 262 5 per cent 254 10 per cent 233 15 per cent 230 20106 words
-
-
MONEY AND EXCHANGES
-
Article546 1977-02-23 8 TRADING was slack in the domestic inter-bank market yesterday, dealers reported. Local money rates dived across the board with a susprlslngly low volume of transaction. Overnight funds opened at the eight per cent level, but before long took tumbles to 6Vi per cent, then to six per cent, to546 words
-
Article152 1977-02-23 8 Asian rates ASIAN currency deposit interbank rates u at close on Feb 22 US Dollar* (Spot) 7 days 1 mth 2 mths 3 mths S mths 9 mths 12 mths Offer 413/16 51/S 5 7/8 Bid 4 11/16 4 3/4 4V16 5 5 9/18 5 3/4 61/16 Sw Fr». Dm»152 words
-
Article44 1977-02-23 8 RANGE of prices offered by discount homes on Feb zz overnight 3* Call deposit 2*i to 3* Buy 9»Uia« 3-Month 27/8 Treasury bills 3 3-Month Bank bills 4 3 7/8 3-Month CD 4 3/8 41/4 6-Month 41/2 4 3/8 Source: National Discounts Co44 words
-
Article117 1977-02-23 8 Euro rates LONDON, Tues. Eurodollar deposits opened steady and edged marglnly higher where changed in early fairly quiet conditions. A slightly bid tendency was noted with operators paying In the middle of quoted ranges. Singapore taking and rollover Interest in Three and Sl* months was Initially cited. Some dealers said117 words
-
Article233 1977-02-23 8 LONDON, Tues. The guilder led European Joint float currencies higher against the dollar, with the Swedish crown consistently at Its lower intervention point against the Dutch currency, dealers said. Tension In the float brought demand for the mark, which firmed to 2.3875/90 to the dollar from 2.3905/15 overnight. Dealers233 words
-
Article174 1977-02-23 8 TOKYO, Tues. The US dollar for overnight delivery closed higher at 283.35 yen compared with 282.80 at the opening and 283.05 at Monday's close, reflecting slow selling of dollar export bills by traders to banks, dealers said. The dollar fell Initially to 282.40 as some Japanese banks anticipated an174 words
-
Article119 1977-02-23 8 HONGKONG, Tues. The US dollar eased to a late HK54.6460/80 from Thursday's pre-Chlnese New Year holiday close of 4.6575/95, In thin trading, dealers said. The lack of commercial Interest In the US unit and the fact that local Interest rates have not yet eased as expected after the holiday119 words
-
Article54 1977-02-23 8 AUSTRALIA/ NZ exchanges quoted on Feb 22 Australia: Sterling 0.6464/ 0.6394 US dollar 1.0989/ 1.0941 Ninety-day air mall buying rates: Sterling 0.6726 US dollars 1.1239 Ninety-day forward buy- ing rates: Sterling 0.6588 US dollars 1 0961 New Zealand: Sterling 0.5604/ 0.5573 US dollar 0.9602/ 0.9502 Ninety-day forward rate: Sterling54 words
-
Article33 1977-02-23 8 FRANKFURT exchanges opening quotes on Feb 22 US 2.3888/98 2.3900/10) Can 2.3160/80 UK 4.070/085 Neth 95.85/96.00 Swltz 94.98/95.13 Italy 2.705/720 France 47.80/95 Norw 45.40/46 Belft com 6.507/522 Belg fin 6.505/515 Japan 0.8435/5033 words
-
Article56 1977-02-23 8 Minimum lending rates (in 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 Bank of Tokyo Mitsui Bank 6*» Bank Negara OCBC 6*. Indonesia 7 OUB Chartered Bank 6*. UCB 7 Chase Manhattan56 words
-
Article41 1977-02-23 8 ZURICH exchanges closing quotes on Feb 21 US 2.5167-5177 UK 4.2900-2935 Can 2.4395-4415 W Germ 105.23-31 Neth 100.93-101.02 France 50.42-46 Belg 6.84-85 Denm 42.73-77 Norw 47.82-87 Swed 59.59-65 Italy 0.2846-2849 Austria 14.80-82 Port 7.64-67 Spain 3.62-3/4-64 Arg 0.75-90 Japan 0.88-3/4-89-1/441 words
-
Article120 1977-02-23 8 LONDON, Tues. Straight Eurobonds were slightly easier In quiet trading and moderate turnover, dealers said. Canadian national railways Cs6o million 8% per cent issue due 1987 and priced at 99% per cent traded around 97'/ 4 97%. Dealers said some offers below this price were being made. Great120 words
-
Article186 1977-02-23 8 KUWAIT: Mars halls, the International money brokers, opened an office In Kuwait this month, making It the first money broker to operate in Kuwait. There are also a number of foreign exchange dealers, who take up positions in their own right. The main object of186 words
-
-
Page 8 Advertisements
-
Advertisement165 1977-02-23 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times U BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia, Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding165 words
-
-
TRANSPORT AND COMMUNICATIONS
-
854 1977-02-23 9 RONALD COCKING - New systems save time, money but push men out of work By RONALD COCKING Financial Times News-Features LONDON: The revolution In the movement of goods by sea is causing dramatic changes in the fortunes of various seaports around the world, bringing sudden prosperity for some and near-disaster for others. ThereFinancial Times News-Features - 854 words
-
Article, Illustration934 1977-02-23 9 TERESA LIM - By TERESA LIM THE International air transport Industry will see an average rate of growth nearer to six per cent than eight per cent, for the decade to 1985. And the less developed areas of the world will934 words
-
Article, Illustration335 1977-02-23 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Andhika Puspita (0700 subject free board) 25/26 Centaur (1300 after Turkmenlya shifts) 45 Hugheverett (D/L) (after Hoegh Orchid) (Must Head East) 37/38 Ocean II (0900 after Akihlro Maru) 27/28 Prima King (Bulk Prima Wheat) (after Marina Grande) (Must head east) (Draft 9.1 m)335 words
-
182 1977-02-23 9 PARIS, Tuti. All Japanese shipyards might be "completely wiped out by 1985" according to Yasuo Takeyama, managing director of the Nihon Keizai financial newspaper, speaking here at the weekend. Far East shipbuilding capacity would be concentrated in the hands of South Korea,182 words
-
309 1977-02-23 9 Reuter STOCKHOLM, Tues. A Swedish Government task force said In a report on the country's shipping Industry It recommends the merger of three shipyards, a cut In workforce and the injection of 11.1 billion crowns in grants and state credit guarantees. The proposals areReuter - 309 words
-
Article56 1977-02-23 9 UPI SYDNEY, Tues. A fivenation military communications and electronics organisation will meet In Canberra today, a Defence Department spokesman said. The organisation, known as the Combined Communications and Electronics Board (CCEB), is primarily concerned with policy on communications and electronics of the forces of the member nations andUPI - 56 words
-
Article136 1977-02-23 9 AP CAIRO, Tues. Saudi Arabia and Kuwait have reportedly agreed to lend Egypt US$l55 million (5379.73 million) to help expand the Suez Canal for supertankers. Suez Canal Authority chairman Mashour Ahmed mashour secured the pledges during a week of visits to those countries andAP - 136 words
-
144 1977-02-23 9 Reuter LONDON. Tues. The Rolls-Royce motor company today announced the Improved versions of Its Silver Shadow and Bentley luxury cars, which claim more customers overseas than in Britain. Both Silver Shadow Mark Two and Bentley T2 are four-door saloons. Identical in specifications except for theReuter - 144 words
-
Article195 1977-02-23 9 AP LONDON, Tues. Reactivated liner company interest gave new life to the-tlme-charter sector In both Europe and the Far East today: European bookings included payment of U554,400 (SS10.780) per day by CAVN to the 16,925 dwt "Cedarbank" for a February trip out from Glasgow to Venezuela, theAP - 195 words
-
Article554 1977-02-23 9 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE MAS MH682 0810 KCH PAA PA841 0950 SFO/HNL/GUM CAL CI816 1000 HLP JAL JL712 1000 HLP SIA SQ211 1010 HLP CPA CX710 1030 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK THAI TG981 1045 BKK554 words
-
Article63 1977-02-23 9 Reuter COLOMBO, Tues. Royal Nepal Airlines and Air Ceylon will operate air services between Colombo and Katmandu under an agreement initialled here at the weekend, the Sri Lankan Shipping Ministry announced yesterday. It said the Nepalese airline would start its service on March 16 and Air CeylonReuter - 63 words
-
Article102 1977-02-23 9 ORIENT LLOYD, a whollyowned subsidiary of Sims Consolidated of Australia, recently signed a contract with Dataprep (Singapore) to purchase a Data General Corporation's Nova 3/D computer system. Orient Lloyd Intends to use this system immediately to deal with its ships accounts and general ledger. The102 words
-
Article72 1977-02-23 9 TOKYO. Tues. The Australian National Line (ANL) signed an order here for two 15,000 tonne bulk carriers from Mitsubishi Heavy Industries Ltd, ANL Tokyo representative David Looker said. The order was delayed by trade union opposition in Australia, but Australian Transport Minister Peter Nixon announced in Canberra72 words
-
Article35 1977-02-23 9 Reuter EAST BERLIN, Tues. East Germany is developing a new compact passenger car with a transversemounted four-stroke engine to replace its two-stroke Trabants and Wartburgs, the Baltic daily Ostsee- zeitung reported. Reuter.Reuter - 35 words
-
-
Page 9 Advertisements
-
Advertisement190 1977-02-23 9 < MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE 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 is190 words
-
-
Article, Illustration1914 1977-02-23 10 MICHAEL DIXON - By MICHAEL DIXON Financial Times LONDON: The ritual of student occupations In the late 1960s normally began with a debate. It was prone to last for six hours or so, and was usually on the question: Why are we occupying this building'Financial Times - 1,914 words
-
Article, Illustration1101 1977-02-23 10 RONNIE LIM - By RONNIE LIM ITALIAN manufacturers will invest more than $12 million here this year, nearly doubling the number and value of existing Italian Investments In Singapore. Half of this will be In expansion of two companies already here, but what is Interesting Is1,101 words
-
1085 1977-02-23 10 NORRIS WILLATT - The Swiss knock inflation down to one per cent and reject a 40-hour week By I NORRIS WILLATT Financial Times News-Features LUGANO: In last year's Inflation competition In which the aim was to finish bottom of the table the Swiss emerged as clear winners. Between the beginning and the endFinancial Times News-Features - 1,085 words
-
366 1977-02-23 10 LETTER TO THE EDITOR I WRITE with reference to your front page article on rent control In your Issue of Feb. 16. I was surprised to learn that "rent control may still affect something approaching one half of the total property stock of around366 words
-
563 1977-02-23 10 ELIZABETH FOWLER - •y ELIZABETH FOWLER NYT THERE is a new look to the Americana being sent abroad to work for multinational companies not so much in appearance as in attitudes. According to Burton Teague, a senior researcher for the Conference Board, the days ofNYT - 563 words
-
Page 10 Advertisements
-
Advertisement497 1977-02-23 10 Business Management in Penguins THE DEBT 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 gain some control over their own economies and the role of IMF in frustrating497 words
-
-
571 1977-02-23 11 KUALA LUMPUR, Tues. A Ms4oo million Integrated paper and rayon project may be set up in Johore If land is available for the pulpwood plantation. The project was approved by the Ministry of Trade and Industry In July 1975 and granted locational incentives which571 words
-
294 1977-02-23 11 SUPERVISORS are the people who teally determine how much occupational safety exists in plants, for while safety policies are decided and planned in the office, safety working standards are only as good as supervisors allow them to be. Writing In the latest Singapore294 words
-
Article64 1977-02-23 11 THE National Productivity Board Is organising a 10session course on sales management from April 11 to 25 for executives and managers with supervisory and managerial responsibilities In sales and marketing operations. The course will cover managerial aspects of planning, organising, staffing, directing and controlling. Fees for the64 words
-
Article34 1977-02-23 11 UPI PARIS. Tues. France and Israel concluded talks yesterday on their extradition agreement over which their relations soured when France refused to extradite accused Palestinian terrorist Abu Oaoud to trial In Israel. UPIUPI - 34 words
-
399 1977-02-23 11 Reuter BRUSSELS, Tues The US Commodity Futures Trading Commission (CFTC) Is thinking of raising the speculative limits In futures trading on some commodities In the US, CFTC member Gary Seevers said. Answering questions at an International conference here on Investment In commodities, Mr. Seevers saidReuter - 399 words
-
Article402 1977-02-23 11 KUALA LUMPUR, Tues. Big hotels in the country may have to lay off workers if their business does not improve within the next six months. The president of the Malaysian Association of Hotels and Restaurants (Mahar), Mr. Eddie Tan, said hotels especially the big ones were402 words
-
406 1977-02-23 11 KUALA LUMPUR, Tues. A new marketing system for cured tobacco leaves Is in the offing following a compromise between the National Tobacco Board and curers. Although there is no official confirmation of the new arrangement, Business Times understands that the compromise solution will combine406 words
-
Article565 1977-02-23 11 FINANCIAL TIMES JAKARTA. Tues. Indonesia's reafforestation programme aimed at having a third of the country planted with commercially valuable trees has been going ahead fast in the past two or three years. The main timber species being planted are teak, mahogany, eucalyptuses and pine, according toFINANCIAL TIMES - 565 words
-
279 1977-02-23 11 Reuter JAKARTA, Tues. The military-backed functional groups (Golkar) has submitted guidelines to help the Government Implement Indonesia's current development programme, it was disclosed here today. Golkar's chairman Major General Amir Murtono said the guidelines, which were submitted In a "yellow book", constituted aReuter - 279 words
-
215 1977-02-23 11 Reuter WASHINGTON. Tues. President Carter said last night that he would prefer tnat Quebec not separate from Canada but that he would trust the Canadians' Judgment In whatever happens. Mr Carter also said he would pursue "close consultation" with Canadian leaders In any attempt toReuter - 215 words
-
Article82 1977-02-23 11 UPI TOKYO, Tues. Wholesale prices In Japan rose by 0.2 per cent during the first 10 days of February, as a result of the latest oil price hike by petroleum exporting countries, the Bank of Japan reported yesterday. The Bank said the wholesale price Index for theUPI - 82 words
-
Article, Illustration212 1977-02-23 11 AMONG the guests at the official opening of Hong Leong Building on Mondaywere Dr. Goh Keng Swee, Singapore's Deputy Prime Minister and Minister for Defence, and a list of others which reads like the who's who in the local business and financial scene. Mr. Howe Yoon Chong,212 words
-
377 1977-02-23 11 KUALA LUMPUR, Tues. The Malaysian Insurance Association has told brokers It Is only fair that those who pay the claims should also set the commission rates. The association says In Its reply to an objection by the Insurance Brokers Association of Malaysia to377 words
-
Article118 1977-02-23 11 THE Singapore Training and Development Association (STADA), will hold a seminar on Human Resource Development on Needs Forecasting lasting 2 1 /j days at the Hotel Royal Ramada beginning on Thursday. The seminar has been designed for people whose work concerns the development and use of human resources.118 words
-
Page 11 Advertisements
-
Advertisement400 1977-02-23 11 APPOINTMENTS FAMILY PLANNING ASSOCIATION OF SINGAPORE invites applications for the posts of: (a) PROJECT COORDINATOR (b) 6ENERAL CLERK Minimum Requirements: (a) A full HSC/ GCE 'A' level and some working experience is desired. Fluency in Mandarin and Chinese dialects is a major pre requisite. (b)A School Certificate/ GCE '0' level400 words
-
Advertisement428 1977-02-23 11 NOTICES MALAYAN BANKING BERHAD ANNOUNCEMENT The Board of Directors of Malayan Banking Berhad is pleased to announce that, at a Board Meeting of Directors held today, it was agreed that an application for approval be made to the Capital Issues Committee for a Bonus Issue of one new share for428 words
-
-
412 1977-02-23 12 UPI TOKYO, Tues. Japan should go ahead and sign her long delayed Treaty of Friendship with China, Japanese Ambassador to China Mr. Helshlro Ogawa said yesterday. The Treaty has been angrily opposed by the Soviet Union. "China Is stabilising under the leadership ofUPI - 412 words
-
279 1977-02-23 12 AP BANGKOK, Tues. Burma will abandon its strict Burmese state-owner economic principles and allow Joint venture investments with foreign government and foreign private enterprises, according to news reports from Rangoon. Local Burmese private investments will also be encouraged and foreign aid and loansAP - 279 words
-
Article742 1977-02-23 12 LONDON. Tues. The stock market firmed In response to news that Denis Healey will continue as Chancellor of the Exchequer after the Cabinet changes announced yesterday, dealers said Trading Interest was. however. Inhibited owing to the tool room dispute at British Ley land, they added. At 3 p.m742 words
-
129 1977-02-23 12 THE Singapore branch of the Moscow Narodny Bank ha* taken out petitiona in the High Court to wind up two local companies Malayan Plant Pte Ltd and Amco (Pte) Ltd. A spokesman for the two firms, which share the same registered address in129 words
-
Article101 1977-02-23 12 THE Far Eastern Freight Conference (FEFC) Is likely to propose a general freight increase of 13 to 14 per cent, based on Its cost Increase indices which have gone up by about 13.8 per cent. This Is the general feeling among shippers here. An101 words
-
Article78 1977-02-23 12 INDUSTRIAL Training Board members, led by chairman Mr. Ahmad Mattar, will be meeting with representatives of the Master Printers Association tomorrow to look Into working conditions In the printing industry, as well as Its training requirements. The board will be visiting three printing firms as78 words
-
Article74 1977-02-23 12 DART Sum Timber yesterday had succeeded in getting the High Court here to reverse an earlier order granted by Mr Justice Choor Singh for the company to pay $360,685, plus Interest to the Bank of Canton. Dart Sum has been granted coiraitlonal leave to defend the action74 words
-
695 1977-02-23 12 MANAGEMENT was yesterday singled out by the Labour Minister as being most responsible for raising productivity. It was also urged to be more aggressive In marketing policies and seek more determinedly to Improve the productivity of firms. Mr. Ong695 words
-
205 1977-02-23 12 MR. Sla Kah Hui, Minister of State for Labour and MP for Upper Serangoon, commented that the aged and the handicapped appear to be doing satisfactorily In gaining employment and that he sees no Justification for reserving jobs for these people. "From CPF records," he205 words
-
89 1977-02-23 12 SINOAPORE wants a nation of fair-minded sportsmen, able to enjoy a competition in amateur earnestness among friends and neighbours. This was stated by the Social Affairs Minister, Enclk Othman Wok, yesterday when he played down a suggestion by another MP that the cultivation of champions89 words
-
Article217 1977-02-23 12 THE surcharge Imposed on Public Utilities Board bills Is merely part of government's fiscal policy and the PUB acts only as convenient collecting agents for the Oovemment, said the chairman, Mr. Llm Kim San, yesterday.# He further emphasised that the surcharge does not form217 words
-
146 1977-02-23 12 THE People's Association is currently negotiating with the Housing and Development Board to build community centres on reserved sites within HDB estates. This was stated by Mr. Jek Yuen Thong, the Minister for Culture and Science and Technology, In reply to a query from146 words
-
525 1977-02-23 12 FOR A REALISTIC VALUATION SHAREHOLDERS of Far Eastern Hotels Development will have to wait another 14 days before they finally get to see a realistic accounting of the value of their investments In the hotel-owning company. The Stock Exchange of Singapore yesterday released copies525 words
-
Article379 1977-02-23 12 Reuter LA PAZ, Tues. A delegation from the principal tin producing countries in the world headed by Malaysian Primary Industries Minister Datuk Musa Hltam has arrived here to persuade Bolivia to ratify the Fifth International Tin Agreement. Bolivia, the world's second largest tin producer after Malaysia, refusedReuter - 379 words
-
Article256 1977-02-23 12 (UPI) TOKYO, Tues. A contract for the World Bank's first loan tcf Vietnam may be signed during the second half of 1978, a Bank official said today, following a twoweek tour of Vietnam. Mr. Gregory Votaw. director or the Bank's Country Programmes Department for East Asia(UPI) - 256 words
-
Article85 1977-02-23 12 KUALA LUMPUR, Tues. The Malaysian Rubber Research and Development Board Is studying the possibility of opening more technical advisory services (TAS) offices overseas to strengthen Its International network. A new Malaysian rubber bureau has Just been opened In Utrecht (In Netherlands) to cover Holland and Belgium. The85 words
-
212 1977-02-23 12 SINGAPORE'S relatively poor competitive position In West Asia vls-a-vis countries like Japan Is due to a great extent to the lack of representative offices. This point was bought out by Mr. Ghazall Caffoor, president of the Malay Chamber of Commerce and leader of a212 words
-
Article, Illustration335 1977-02-23 12 "QUEEN Elizabeth 2", flagship of the Cunard Line, sailed Into Singapore yesterday, one of a dying breed of luxury passenger ships still able to operate profitably. This, In a world of high oil prices, Is In no small way due to the fact that335 words
-
Article157 1977-02-23 12 Reuter BANGKOK, Tues. Former Thai military ruler Thanom Klttlkachorn said today that he had no ambitions to regain power In the country. "But I will do everything In my capacity as an ordinary citizen to help maintain our main institutions the Nation, Religion andReuter - 157 words
-
Page 12 Advertisements
-
Advertisement254 1977-02-23 12 Let Avery Scales safeguard your profits MODEL 1103 CCCTHE SMALL CAPACITY SCALE WITH THE BIG.BIG HEART! mm Capacities 2,5,10 and 20 kg. or 5,10,22 and 40 lbs. Fully self-indicating no loose weights required. Thermostatically controlled dashpot ensures that the pointer comes quickly to rest without loss of accuracy. A Mfflbtrol254 words
-