The Business Times, 24 February 1977

Microfilm: NL8986
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, FEBRUARY 24, 1977 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Over to Kim's son
      65 1 UPI TOKYO, Wed. Mr Kim Jung-11, son of North Korean President Kim 11-Sung, has been chosen the successor to his father, the Kyodo News Agency said today. Quoting well Informed Korean sources on North Korean affairs, Kyodo said the 38-year-oid younger Kim was recommenaea Dy uie
      UPI  -  65 words
    • Article
      Lock icon Thanin's trip put off
      65 1 UPI BANGKOK, Wed. Thai Prime Minister Thanin Kraivlchien has indefinitely postponed a trip to Japan scheduled for mid-March, Foreign Minister Upadit Pachariyangkun said today. Speaking to newsmen before his departure for Manila, Mr. Upadit said Japanese officials asked Mr. Thanin to reschedule his trip to Tokyo
      UPI  -  65 words
    • Article
      Lock icon Exchange of views
      75 1 AP TOKYO, Wed. Japanese and Chinese government officials will meet for three days in Tokyo from March 2 to exchange views on the present state of bilateral trade and Its future outlook, the Foreign Ministry said today. At the meeting, the officials will also discuss the possibility
      AP  -  75 words
    • Article
      Lock icon Insured against takeovers
      49 1 AP JAKARTA, Wed. President Suharto has approved an agreement protecting against nationalisation and confiscation of British investments by the Government, the Investment Board said today. The approval Is retroactive to Feb 21 and is applicable to investments contracted after Jan 10, 1967, a spokesman said. AP.
      AP  -  49 words
    • Article
      Lock icon Incentives for investors
      77 1 AP KUALA LUMPUR, Wed. Malaysia is willing to offer incentives to foreign Investors to set up export-oriented industries In rural areas, Mr J. Jegathesan, head of the investment promotion unit of the Federal Industrial Development* Authority said today. In a briefing to a Japanese trade mission, he
      AP  -  77 words
    • Article
      Decline in jobless
      50 1 KUALA LUMPUR, Wed. The number of Jobseekers registered with employment offices throughout Malaysia at the end of last year was 113,399 a decrease of 701 over the corresponding period in 1975. Peninsular Malaysia registered 104,614 Job seekers an Increase of 3,833 over last month's figure of 100,784.
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    • Article
      Lock icon Trade policies
      36 1 AP TOKYO, Wed. Japanese ambassadors stationed in Europe will meet in Paris on March 4 to discuss Japanese policies toward Europe, especially trade policies with the European Community, the Foreign Ministry said today. AP.
      AP  -  36 words
    • Article
      Lock icon Dow Jones
      38 1 UPI NEW YORK, Wed. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 indus 940.24, up 0.33; 20 transp. 32: o" 5 105 92 0 29: 65
      UPI  -  38 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      172 1 IN quiet trading at the Stock Exchange of Singapore yesterday, shares suffered further losses. However, these were marginal in extent. Option trading was also featureless. Reflecting the lacklustre conditions, both the Business Times and Straits Times Industrial indices were fractionally changed at 263.55 and 253.35 respectively. Falls
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    • Article
      In Kuala Lumpur
      125 1 Falls Most active Temenggong *1 25 -.10 Malayan Credit 375,000 Rahman Hyd $2 90 08 Gen tings 208,000 Sg Bagan O C B C U AC 11 55 -.06 Haw Par 63,000 $7.55 S3 48 05 04 -.04 04 -.03 03 -02 Central Susars 59.000 TaiplngCon Ldn
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  • Article
    Expenditure tax may suit us, says Lee
    1637 1  -  THE MORE YOU SPEND, THE MORE YOU PAY.. Br QUEK PECK LIM THE Prime Minister, Mr. Lee Kuan Yew, said yester- day that an expenditure tax, such as was used in Europe, might also be appropriate for a developing country such as Singapore.
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  • Article
    Life insurance tax reform: Battle continues
    825 1 e ATTEMPTS to secure more favourable tax treatment ,r for life Insurance In Slnga- pore have not been aban- doned, despite official oppo--5 sltlon so far to such reforms. At least one back- bench MP Is understood to be taking an Interest In this
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  • Article
    Chamber 'in finals'
    132 1 THE Singapore Chinese Chamber of Commerce (SCCC) will hold a final election this afternoon, to elect the president of the management committee. The candidates for this post have been shortlisted to five present and former vice-presidents from the two largest groups, Hokklen and Teochew. They are Messrs.
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  • Article
    Lock icon IATA HEAD WARNS OF CHAIN REACTION
    140 1 Reuter GENEVA, Wed. —A British Government proposal to tax airlines for airport security measures could cause a chain .reaction and lead to higher air fares, Mr Knut Hammarskjoeld, director general of the International Air Traffic Association (lata) said yesterday. Mr. Hammarskjoeld, answering reporters' questions,
    Reuter  -  140 words
  • Article
    Lock icon ITC head thinks US will release surplus tin
    232 1 Reuter LONDON, Wed. International Tin Council (ITC) chairman, Mr. Peter Lai. said yesterday he has not changed his long-held view that the US will eventually release more surplus tin from its stockpile. The reiteration of the ITC's chairman's previously reported belief in
    Reuter  -  232 words
  • Article
    Raja: Asean pact a forerunner
    285 1 THE Asean preferential trade agreement that will be signed In Manila today, will herald the beginning of a 1 project to promote regional 6roducts, the Foreign Ilnlster, Mr. S. Rajaratnam, said yesterday. Speaking to newsman shortly before leaving to attend the Asean foreign ministers' meeting
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  • Article
    Swiss bond more than successful
    186 1 SINGAPORE'S 12-year 50 million Swiss franc bond issue, which was offered for public subscription In the Swiss capital market from Feb 16 to last Tuesday, has been oversubscribed. This was announced yesterday by the Union Bank of Switzerland, lead managers of the issue, which said
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  • Article
    SOFT-LOAN DAYS OVER?
    201 1 THE Asian Development Bank does not appear to be an attractive funding souroe for Singapore. The recent ADB loan to the Public Utilities Board (PUB), details of which were presented to Parliament last week, was lent at a fairly high rate of interest. Even with a government
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      308 1 WHISKY 100% SCOTCH WHISKIES blended and bottled in Scotland t under Government Supervision Imported by Cold Storage Which bank works for you around the clock, and around the world? We do. Bank of America, foday. when world-wide money markets and exchange rateschange rapidly, the ability to make on-the-spot decisions quickly
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  • OVERSEAS
    • Article
      Lock icon Rabin or Peres? Result will be known today
      399 2 Reuter TEL AVIV, Wed. Israel's Labour Party decides today who will lead It In the general elections on May 17 Prime Minister Yitzhak Rabin or Defence Minister Shimon Peres and the voting Is expected to be close. Supporters of both men Insisted
      Reuter  -  399 words
    • Article
      Lock icon Owen is ready to talk peace in Africa
      382 2 UPI LONDON, Wed. Britain's new Foreign Secretary David Owen says he is ready to go to Africa and talk to anyone there if this would help promote a peace settlement in Rhodesia. But he told a news conference yesterday less than 24
      UPI  -  382 words
    • Article
      Lock icon Suharto meets leaders of contesting parties
      170 2 Reuter JAKARTA, Wed. President Suharto conferred today with leaders of the three political parties which will start a two-month general elections campaign tomorrow. The talks were believed to have dealt with the coming elections on May 2, the second since Suharto came to power
      Reuter  -  170 words
    • Article
      Lock icon LEADING UP TO THE SUMMIT
      81 2 Reuter TOKYO, Wed. The first preparatory meeting for a summit conference of Western industrial powers will be held in Washington on March 12 and 13, Japknese government sources said. The US, Britain, Canada, France, Italy, Japan, West Germany and the European Economic Community are expected
      Reuter  -  81 words
    • Article
      Lock icon US delays share of Portugal loan
      106 2 Reuter WASHINGTON, Wed. President Carter has put back for one year the US contribution to a proposed 51.5 billion rs*3 7 billion) loan to Portugal from a group of lndustrlp'ised countries. In the budget rec jmmendations sent to Congress yesterday Mr Carter said additional
      Reuter  -  106 words
    • Article
      Lock icon Italy loan bid backed by Jenkins
      87 2 Reuter ROME. Wed. EEC Commission, president Roy Jenkins yesterday discussed Italy's economic proDiems with Prime Minister Glullo Andreottl and Treasury Minister Gaetano Stammatl. Mr. Stammati told a press conference that Mr. Jenkins assured his support for Italy's applications to the International Monetary Fund for
      Reuter  -  87 words
    • Article
      Lock icon Mission
      46 2 Reuter TOKYO. Wed. Japan's Federation of Bankers' Association said It will dispatch a mission to China in early May, at the Invitation of the Bank of China. The 16-member mission will visit Peking and three other major cities for 10 days from May 4. Reuter
      Reuter  -  46 words
    • Article
      Lock icon Self-rule setback for Wales, Scotland
      443 2 DEFEATED IN PARLIAMENT BILL Reuter LONDON, Wed. Britain's Labour Oovernment suffered a major defeat In Parliament last night which could crush Its present attempt to set up separate parliaments for Scotland and Wales. The Government, aiming to give a measure of selfgovernment to the two
      Reuter  -  443 words
    • Article
      Lock icon Treasury bill trading guidelines are unsettling the mart
      456 2 Reuter CHICAGO, Wed. Guidelines issued in late 1976 by the US Comptroller of Currency covering banks trading In Treasury Bill futures have created uncertainty In the market, analysts said. They have led at least one major Chicago bank to cut back significantly
      Reuter  -  456 words
    • Article
      Lock icon Offshore banking will be 'complementary'
      263 2 Offshore banking will be 'complementary Reuter MANILA, Wed. British bankers said today that the establishment of offshore banking In the Philippines would complement existing offshore facilities rather than compete with them, and would assist In their general expansion. The bankers were replying to questions at a news conference at the
      Reuter  -  263 words
    • Article
      Lock icon Tokyo ship order backlog lower
      197 2 UPI TOKYO, Wed. The backlog of export ship orders held by Japanese yards has declined In both tonnage and value during the last 10 months, the Japan Ship Exporters Association (JSEA) reported yesterday. A JSEA spokesman said that at the end of January, Japanese yards
      UPI  -  197 words
    • Article
      Lock icon Paris predicts future economic stability
      85 2 Reuter PARIS, Wed. French economic activity is likely to stabilise in the first half of this year after slowing in the previous half, though activity last month showed a decline compared with December, the .Paris Chamber of Commerce and Industry said in its latest monthly
      Reuter  -  85 words
    • Article
      Lock icon French boost for export firms
      121 2 Reuter PARIS, Wed. The French government will make loans totalling up to three billion francs (about SSI.S billion) to exporting firms, to increase the share of exports in their total sales, Foreign Trade Minister Andre Rossi said. He told a press conference firms will have
      Reuter  -  121 words
    • Article
      Lock icon Jobless down for Britain
      133 2 Reuter LONDON, Wed. Britain's unemployment fell 6,300 in February from January to 1,278,300, seasonally adjusted and excluding school-leavers, the Department of Employment announced. Following a January rise if around 15,000, February .howed only the second fall in monthly unemployment in the past year but the figures
      Reuter  -  133 words
    • Article
      Lock icon No specific wage, price rises to be discussed
      95 2 Reuter WASHINGTON, Wed. The White House said Initial discussions by the Amlnlstratlon with business and labour will not Involve any present planned f>rlce Increase or specific abour/management contract. It made the statement to clarify an announcement the Administration plans to hold talks
      Reuter  -  95 words
    • Article
      Lock icon S. African gold
      68 2 Reuter PRETORIA, Wed. South African gold holdings were unchanged at 375.9 million rand last week, the Reserve Bank said. Total gold and foreign assets declined 0.9 million rand to 699.9 million rand. In its weekly return to Feb 18, the Bank said bills rose 3.9 million rand
      Reuter  -  68 words
    • Article
      Lock icon 'UK TO BE IN THE BLACK BY YEAR-END'
      309 2 Reuter MANILA, Wed. The director-general of Britain's committee on Invisible exports, Mr. William Clarke, today forecast the Britain's balance of payments would be In surplus and that after 1981 It would be able to clear Its debts. He made the forecast at
      Reuter  -  309 words
    • Article
      Lock icon Why Americans should invest in Victoria
      222 2 UPI NEW YORK, Wed. Premier Rupert J Hamer of Victoria, Australia, called on American businessmen yesterday, to Invest In his state because It had "abundant supplies" of cheap energy, In addition to other attractions. Mr Hamer, leading a top level industrial Investment mission to
      UPI  -  222 words
    • Article
      Lock icon 'No change in US loan demand'
      129 2 Reuter NEW YORK, Wed. Manufacturers Hanover, Trust president Mr. John McGilllcuddy said he does not expect a substantial change in loan demand for the next five to six months. Mr. McGilllcuddy told reporters there is some difference of opinion within the banking community whether
      Reuter  -  129 words
    • Article
      Lock icon STABLE U.S. RATES
      113 2 Reuter NEW YORK. Wed. Recent severe weather In the US will stabilise short-term Interest rates at present levels for the next two months, Chase Econometric Associates said. Before mid-year, however, the Inflationary effects of the cold weather will begin to show up In money market rates which
      Reuter  -  113 words
    • Article
      Lock icon Congress urged to modify or scrap boycott Bills
      393 3 UPI WASHINGTON, Wed. Calling discrimination arising from Arab boycott de- mands "abhorrent," the biggest US business groups nonetheless want Congress j to modify proposed antiboycott Bills or drop the Idea altogether The ousiness assocla- > tlons, including the National Association of Manu-
      UPI  -  393 words
    • Article, Illustration
      Lock icon Blacklist warning to firms by Saudis
      326 3 Reuter RIYADH, Wed. Saudi Arabia said last night It would blacklist International companies which overcharged it for their goods or services. A government statement, reported by the Saudi Arabian News Agency, accused some foreign firms of inflating their costs to unacceptable levels. "Companies which
      Reuter  -  326 words
    • Article, Illustration
      Lock icon Carter defence budget 'adequate' for military needs
      753 3 AP WASHINGTON, Wed. US Defence Secretary Harold Brown, saying there Is a "real possibility" of American troops becoming engaged In combat, yesterday defended President Carter's defence budget as adequate to the United States' military needs. Dr. Brown testified before the Defence Subcommittee of
      AP  -  753 words
    • Article
      Lock icon Honda uses the least
      135 3 AP WASHINGTON, Wed. The Honda Civic CVCC has proved most miserly on gasoline of the automobiles being offered for sale in the United States, according to the US environmental protection agency. The diminutive Honda posted 80 km per gallon in highway performance and 40 MPG in
      AP  -  135 words
    • Article
      Lock icon China to re-scan container trade
      92 3 UPI TOKYO. Wed. China has agreed to study a request from Japanese shippers for resumption of container service between the two countries, Mr. Sadao Kawai, director of Shln-wa Shipping Co. (SKK) said yesterday. Mr. Kawal returned recently from a three-week visit to China, where he
      UPI  -  92 words
    • Article
      Lock icon Why Carter is asking for that $38 billion
      753 3  -  By L. SILK NYT THE effort to explain why the current business recovery Is so sluggish and what can be done to make the economy take off Into sustainable and noninflationary growth has come to focus on the weakness of business Investment
      NYT  -  753 words
    • Article
      Lock icon Japanese oppose extended US fish limit for survival'
      340 3 AP ANCHORAGE (Alaska) Wed. Three officials of the Japan Fiaheriea Association are in Anchorafe this week in an effort to encourage friendahip and cooperation between the Japaneae and Alaaka fishing induatriea. One of thoae officials, Hideo Morita, told an Anchorage audience on
      AP  -  340 words
    • Article
      Lock icon Shortage causes rise in price of cashews
      250 3 UPI TOKYO, Wed. A world wide shortage of cashew nuts has doubled their wholesale price in the last year and there is little prospect of a turnaround In the near future. Tokyo food Industry sources said today. India, the principle supplier of processed
      UPI  -  250 words
    • Article
      Lock icon Spain's eight-point plan
      227 3 UPI MADRID, Wed. Finance Minister Eduardo Carrlles Galarraga yesterday announced an eight-point plan to see Spain's recession-stricken economy through the general elections and the formation of a new government In early Summer. Mr. Carrlles said the medium-range measures are dsslgned to strengthened the nation's free market economy
      UPI  -  227 words
    • Article
      Lock icon REDUCE ENERGY IMPORTS CALL
      189 3 AP WASHINGTON, Wed. The United States, as a part of its new energy policy, should reduce Imports to a level that would remove the threat of political or economic blackmail, Frank Ikard, president of the American Petroleum Institute (API), said yesterday. "Such a goal out to
      AP  -  189 words
    • Article, Illustration
      Lock icon More scope for UK Price Commission in new plans
      275 3 Reuter LONDON, Wed. Britain's Labour Government yesterday announced plans for new controls on prices which It hopes will encourage trade union leaders to accept a third year of restraint on wage rises. The new measures, devised by Prices Secretary Roy Hattersley,
      Reuter  -  275 words
    • Article
      Lock icon BOYCOTT FIRMS RESUME BUYING
      206 3 Reuter TEHERAN, Wed Some of the companies which boycotted Iranian oil last month because of a 10 per cent price rise have resumed purchases, a leading oil official said here today. The state-owned National Iranian Oil Company (NIOC) earlier threatened to blacklist the firms, which were
      Reuter  -  206 words
    • Article
      320-km zone
      31 3 RANGOON, Wed. Burma's ruling Socialist Programme Party favours a 360-km coastal economic zone, according to a report presented by Secretary General San Yu to the third party congress yesterday.
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  • Page 2 Advertisements
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      195 2 Have you *£ot your copy of die 1978/77 BUKUMERAH? The complete filing cabinet on the Singapore business scene ALPHABETICAL INDEX information I r BT) nu f |i|JM m directory of SINGAPORE 1976 T g* PRAS£R I It's the 1976/77 "Red Book" the office/library reference book covering the business scene in
      195 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      303 2 WEATHER report for 24 hours prior to 7.30 p.m. on Feb 23 at Singapore airport: Maximum temperature 26.7° C Associated humidity 87 Minimum temperature 22.5° C Associated humidity Hours of sunshine 0.00 Rainfall in millimetres 0.5 Total rainfall for the month 85.1 Total rainy days for the month 12 RADIO
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      54 3 THE ASIAN NEWS WEEKLY SNAKE YEAR SPECIAL THE YEAR AHEAD BY SINGAPORE BANK CHIEF TAN KENG YAM SNAKE YEAR SPECIAL RSMUEEK 3 yIL A SALE ONLY $1.50 SEND ME ASIAWEEK 30 WEEKS FOR $25 Address Telephone Cesh Enclosed Bill me signed MAIL TODAY TO: Crown Mail Pte Ltd. G.P.O. Box
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      427 3 MC.P 1621/77 VOL 1 NO2 «*<:.£ HOO y n v The people who matter already know us. Join them. Get a copy from your newsvendor or mail this coupon now and get a free slip-case which will hold the 12 issues. Subscribe now and get 12 issues of Singapore Business
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  • COMPANY NEWS
    • Article
      DIVIDENDS ANNOUNCED
      167 4 Currant Ex Date Total for Total for payment Date payable the year previous year Strait* Times 27.5% Feb 11 Mar 3 27.5% Time* Publishing 17.5% Feb 11 Mar 3 27.5% 25% M. Tobacco 35% Feb 7 Mar 18 50% 40% Idri* Hyd 30%+ Mar 25 90%+ V 71.5%
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    • Article
      PEOPLE IN BUSINESS
      164 4 Mr. Joseph M. Edgar, president of the Joint Council of Teamsters no 37, has been elected president of the Port of Portland, Oregon, Commission for 1977. Other officers elected at the regular monthly meeting of the Commission were Mr. F. Glen Odell, vice-president. Mr. Lawrence S. Black,
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    • COMPANY MEETINGS
    • Article, Illustration
      All is not well at KLK
      1574 4 AFTER raising earnings to a peak In 1974, Kuala Lumpur Kepong appears to have fallen Into a trough from which It Is unlikely to emerge for another couple of years. The slide started In 1975 when group pre-tax profit fell 6.7 per cent and
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    • Article
      US$8m loan to finance JSEDC projects
      548 4 THE Johore State Eco- i nomic Development Corpo- ration has signed a US$B 1 million term loan to fl- i nance the general develop- ment of Its projects, parti- < cularly In agro-based Indus- tries. Interest on the 6Vi year loan, arranged by Aseambank
      548 words
    • Article
      KLSE wants more data from MUI
      122 4 THE Kuala Lumpur Stock Exchange has asked Malayan United Industries for further details on Its acqulsatlon of an additional 280,000 MSI shares In subsidiary United Continental Insurance. It would like to know the effect the acquisition has on the asset backing/earnings per share of
      122 words
    • Article
      Scrip issue from Prima despite setback
      564 4 AS anticipated, Prima (Flour Mills) has decided to make a scrip Issue of one-for-three against a poor set of results for the year ended Dec 31. 1976 Following the decline of 26.7 per cent in 1976, group net profit fell a further 23.8 per
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    • Article
      CHICAGO BOARD OPTIONS
      1363 4 OPTION A. V/ KfM. APL J JLY OCT STOCK Alcoa 50 4 3 4 5 3/4 6 7 /8 54 Alcoa fill 1 4 1 1'8 12 54 4m Tel 50 UNTRD NOL NOL 63 5'8 4m Tel 55 9 1/4 9 7 '8 NOL 63 5/8
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      536 4 Good reading on from Penguin China the most populous nation in the world. Fast emerging as a major power in world politics. Isolated from the rest of the world for over two decades, world attention has nevertheless turned to this most enigmatic of nations time and again. Starting with Nixon,
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Firestone profit up
      167 5 Reuter NEW YORK, Wed. With Its domestic operations making all the running, Firestone Tire and Rubber has achieved a 17.7 per cent rise In net profit to U5523.3 million ($19.8 million) In the first quarter ended Jan 31, 1977. The profit Increase was achieved on the back
      Reuter  -  167 words
    • Article
      C'wealth Edison
      47 5 NEW YORK, Wed. For the 12 months ended Jan 31, 1977, Commonwealth Edison has reported net profit of U*****.54 million, up from $1.74 million last time. Earnings per share came to $3.24 compared with $3.04 previously. Revenue was up to $1.93 billion from $1.74 billion.
      47 words
    • Article
      EZ Industries enjoys 163 pc jump
      172 5 MELBOURNE, Wed. EZ Industries has enjoyed a 163 per cent Jump In net profit tax A 56.98 million ($2.65 million) In the 28 weeks ended Jan 12, 1977, on the back of a sales rise of 15.4 per cent to $74.8 million ($64.8 million).
      172 words
    • Article
      HSBC income rises
      99 5 HONGKONG, Wed. Hongkong and Shanghai Banking has reported a 14.1 per cent rise in 1976 nonconsolidated net profit to HK5356.39 million ($312.31 million), including dividends from subsidiaries. Group net profit Is estimated at $390 million, up 17.1 per cent from $333 last time. The bank has raised
      99 words
    • Article
      Lock icon Standard Chartered to buy Bancal Tri-State
      122 5 Reuter SAN FRANCISCO, Wed. Standard Chartered Bank of London announced here It has offered to acquire Bancal Trl-State for US$l3O million In cash or $30 a share. Bancal Tri-State, in response to a Reuter inquiry, said the Standard Chartered offer Is under study and
      Reuter  -  122 words
    • Article
      Lock icon TWA gets deeper into the red
      115 5 Reuter NEW YORK, Wed. Trans World Airlines said yesterday it had a loss of US$l6.6 million In January, compared with $13.7 million last year, although comparisons were influenced by the extreme winter weather. It said this resulted in the transportation of higher cost fuel
      Reuter  -  115 words
    • Article
      Lock icon Boycott issue sparks anger
      316 5 AP WASHINGTON. Wed. Representatives of American business Interests complained yesterday that proposed anti-Arab boycott legislation would extend "American Imperialism" Into nations friendly to the United States. The proposed law, they told a Senate banking subcommittee, would have the effect of telling sovereign nations that US law
      AP  -  316 words
    • Article
      Lock icon Chrysler costs up
      147 5 Reuter DETROIT, Wed. Chrysler chairman Mr. John Rlccardo told a press conference the firm s costs have risen about US$lOO per car In the last quarter but It does not think the market will support another price increase at this time. Chrysler president Mr. Eugene Caflero told
      Reuter  -  147 words
    • Article
      Lock icon Bendix reports improper payments by affiliates
      117 5 UPI SOUTHFIELD, Michigan, Wed. Bendlx a multinational car parts manufacturer, said yesterday an Internal investigation uncovered "improper payments" totalling US$BO,OOO by foreign affiliates which It did not identify. The company, which was headed by Treasury Sec- retary Mr. w: Michael Blumenthal before his appointment
      UPI  -  117 words
    • Article
      Lock icon Analyst coverage declines
      778 5  -  By VARTANIG G. VARTAN NYT ONE OF the cherished goals of investors is to find "the next IBM or the next Xerox" and thereby cash in on the dynamic growth of some relatively unknown company. But, in the face of Wall Street's changing environment, investors may have
      NYT  -  778 words
    • Article
      Lock icon Industrie Pirelli expects to cut losses
      106 5 Reuter MILAN, Wed. Industrie Pirelli, the main operating subsidiary of Pirelli Spa, Is expected to reduce 1976 losses to under two billion lire, from 27.4 billion In 1975, a company spokesman said. Operating profit for industrial and commercial activities rose to around 45 billion
      Reuter  -  106 words
    • Article
      Swiss bank
      33 5 BASLE, Wed. Schwelzerlscher Bankvereln has reported net profit of 226 million francs (199.8 million francs) for 1976. It has proposed a dividend of 10 francs (unchanged without adjustment for capital Increase).
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    • Article
      Lock icon Firms start the energy search
      1082 5  -  FUEL CUTBACKS By Thomas E.Mullaney NYT AKRON, Ohio, Wed.. It Is hardly the most Important enterprise in this major Industrial city, but one of the most-discussed projects in business circles these days is the effort being made by non-energy companies here and elsewhere In Ohio
      NYT  -  1,082 words
    • Article
      Lock icon Tai Cheung, Y. Lee agree on bid
      127 5 Reuter HONGKONG, Wed. Tal Cheung Properties and Y. Lee Enterprises have agreed on a bid by Tal Cheung for the 63 per cent of Y. Lee shares which it does not already own. Tal Cheung will make a cash offer of HKSI.I3 per
      Reuter  -  127 words
    • Article
      Lock icon Sony opens plant in Dothan
      133 5 UPI DOTHAN, Alabama, Wed. Sony of America announced the opening of a tape manufacturing facility here yesterday and said It plans to double the size of the factory for a total Investment of US$3B million. Gov. George Wallace and Japan's Ambassador to the United States,
      UPI  -  133 words
    • Article
      Lock icon Eastman Kodak processors
      80 5 Reuter ROCHESTER, N.Y., Wed Eastman Kodak said It has produced two new microfilm processors which give greater flexibility to microfilming operations. The company Introduced the Kodak Prostar I Processor, a basic processor for use with microfilm rolls from 0.6 to 65 metres, and the Kodak Prostar 11,
      Reuter  -  80 words
    • Article
      Lock icon NYSE, Amex seek solutions to achieve merger plan
      904 5 NYT NEW YORK, Wed. The New York Stock Exchange and The American Stock Exchange are "extremely close" to finding a formula that will permit them to merge, according to Wall Street sources. They added, however, that certain unresolved Issues might delay the
      NYT  -  904 words
    • Article
      Lock icon Bath & Portland buoyant
      399 5 Bath Portland buoyant FT LONDON, Wed. Despite the severe curtailment of the construction Industry, second half profit of the Bath and Portland Group expanded from £1.31 million to £2.17 million., pushing the total for the year ended Oct 31,1976 up to a record £3.25 million, compared with £2.09 million for
      FT  -  399 words
    • Article
      Lock icon Leyland strike leader refuses to begin work
      125 5 Reuter LONDON. Wed. Mr. Roy 1 Fraser. leader of 3,000 tool- < room workers oh unofficial 1 strike a British Leyland, said he will not obey a direc- 1 tive from the executive of the Amalgamated Union of Engineering Workers to I return
      Reuter  -  125 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      471 5 Southeast Asia has as many faces as there are eyes in a peacock's tail And the Straits Times Annual has painted them all, in peacock-colours. Living up to a long-established record of quality reporting on the culture, on history and social fabric of our region, this year's Straits Times Annual
      471 words
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  • Article
    Share Information Service
    2075 6 Gr'» Gr'» Vet 1976/77 Lilt div Div yld P/E Vol Dav High Low Company Sale OT- c 'vr (000) High Low SECTION ONE INDUSTRIALS 175* 133 Acma 142 -1 12.ON 1.1 8.4 7.1 3 143 142 131 130 Acma A 130 unch 12. ON 1.1 9.2 0.5
    2,075 words
  • Article
    Transactions in Singapore
    1164 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are K'ted after the word "Sett." Board deals
    1,164 words
  • Article
    In Kuala Lumpur
    1310 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 Aetna (1 438 1.158). A. Tim (0 488 0 509) (2) 049
    1,310 words
  • Article
    Stock options
    161 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) (0 278) (2 0 26. (2 0.26W, (3) 0.27: (Sept $3 90)
    161 words
  • Article
    Unit trusts
    164 6 SINGAPORE UNIT TRUST (Managers' prices for Feb 24) INCOME BOND UNIT The Commerce 1.77 1 87 (Current pricea) The Saving Fund 0 96 1 01 INCOME BOND .1.10 1.16 S pore Prog Fund 0 81 0.86 S pore Security Fund 1 38 1 46 MARA BUMIPUTRA FUND S
    164 words
  • Article
    Bonds
    125 6 Orient Leasing 8 1/4% 19X2 (50,000) <99%8 100'.S) 5 1/2% 1/12/77 (1,000.000) (101 558 101 655) 5 1/2% 15/4/78 (1,000,000) (101 608 101.78S) 5 1/4% 15/7/78 (1,000,000) (101 558 101 60S) 6 1/2% 15/8/78 (1,000,000) (103 358 103 50S) 7% 1/7/79 (1,000,000) (104 858 105 00S) 5 1/2% 1/10/77-79
    125 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      199 6 Contents Part One The Tripartite Alliance Operation of the Lews The Low-Level Wage Problem Manufacturing in 1974 Guide to Industrial Training Part Two Employment Act Reguletion of Employment Act National Servicemen (Employment) Act Employment Agencies Act Central Provident Fund Act Administration of Muslim Law (Amendment) Act Industriel Relations Act Trade
      199 words
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  • Article
    Price decline continues
    465 7 SHARES continued to Buffer •mall loeeee in lacklustre trading at the Stock Exchange of Singapore yesterWith the withdrawal of buyers on moat front*, the market wai left to drift downwards. However, there was no concerted telling Cessure. Or losses would ve been widespread and wider in extent.
    465 words
  • Article
    Trading in KL ends mixed
    448 7 PRICES tended mixed In fairly active trading at the Kuala Lumpur stock market yesterday. The change In sentiment, which was more evident In the afternoon session, was partly prompted by better Incentives to deal yesterday. This was despite a further drop of four points In
    448 words
  • Article
    Hongkong and China Gas plans rights issue
    138 7 HONGKONG, Wed. Reporting a 26 per cent rise In net profit, Hongkong and China Gas today proposed a rights issue of one-for-flve at HKSI4. Net profit for 1976 rose to $16.4 million ($12.97 million) and the company has raised the total dividend to
    138 words
  • WALL STREET AND OTHER OVERSEAS MARKETS
    • Article
      New York
      1250 7 NEW YORK: Concern about US business prospects and a bearish report on the economy depressed stock prices moderately in the slowest trading session of the year on Tuesday. But the stock of International Business Machine* Corp, an institutional favorite, advanced strongly after the company announced It is tendering
      1,250 words
    • Article
      Zurich
      282 7 ZURICH: The market was slightly irregular with a firmer undertone In small trading, dealers said on Tuesday. Swissair and banks were very steady Among flnanclals. small rains Dredominated. while Insurances drifted mainly lower apart from firmer Balolse participation certificate. Maag registered and Ocrlikoa-Buehrle were firmer. In leading Industrials, BBC'
      282 words
    • Article
      Frankfurt
      340 7 FRANKFURT: Shares were mixed on Tuesday after Monday's easier trend in quiet, thin trading with the bourse closing early for carnival celebrations, market sources said. Mast leading banks and chemicals closed up to 1.40 marks easier, wnne motors and engineerings recovered up to 2.50 (BMW) and 2 30 K
      340 words
    • Article
      Toronto
      321 7 TORONTO: Golds hit a 19month Index high but the balance of the market trended narrowly lower at the close of light trading on Tuesday Searram fell 7/8 at 23-1/4. National Trust 3/4 at 18-1/2, Fa Icon bridge Nickel 7/8 at 301/8. and T.G. Bright A 1-1/8 at 57/8 on
      321 words
    • Article
      Milan
      168 7 MILAN: Stocks eased in thin dealings. Influenced by selling orders from Investor profittaking. Dealers said on Tuesday. Generate Immobiliare led constructions lower, while Fiat, both Olivettis. Snia Vlacosa and Anic were among leading Industrials to fall. Both Pirellis also eased, in spite of optimistic company statements about the activities
      168 words
    • Article
      Brussels
      156 7 BRUSSELS: The market was mixed to higher In quiet trading, dealers said on Tuesday. Sidro, Electrafina, FN Cockerill, Hainaut-Sambre, Gevaert, L'CB and Arbed rose. Falls Included Societe General*, Sofina, Ebea and Intercom. UK Issues drifted lower. German and French Issues declined. US stocks were narrowly mixed In the absence
      156 words
    • Article
      Jo'burg
      407 7 JOHANNESBURG: Oold shares were steady at higher levels toward the close on Tuesday, with a shortage of stock noted, dealers said. Heavyweights gained up to 75 cents and medium-priced stocks about 25 cents, while in smaller stocks Stiifat advanced 15 cents to 285 and Venter* 18 cents to 233.
      407 words
    • Article
      Paris
      390 7 PARIS: Most shares were lower, depressed by the higher trade deficit In January, the weakness of the franc and tighter money market conditions, dealers said on Tuesday. Engineerings were the only sector to show overall resistance, with Babcock Fivea, Generate Fonderie and Saunier Duval all slightly higher. Other Isolated
      390 words
    • Article
      Amsterdam
      278 7 AMSTERDAM: The market firmed on Tuesday. Dutch internationals rose with the exception of Hoogovens which fell 0 30 guilders. Elsewhere shares were generally higher. Isolated exceptions were Ommeren, Amro and ABN, Fokker Bvenkorf and AM FAS which fell State loans were well maintained. FEB 22 Fls Ahold 75 50
      278 words
    • Article
      Manila
      182 7 MANILA: The market closed mixed with commercials higher, oils lower and mining Issues unchanged. dealers said on Wednesday. Total turnover was higher, amounting to 2.72 million pesos compared with Tuesday's 2.49 million. Gainers Included Atlas Con A, Baßuio Gold. Banguet Con B. BF Goodrich, Phiiex B, and PLDT while
      182 words
    • Article
      Sydney
      389 7 SYDNEY: The market closed lower on Wednesday, on Increased selling pressure following Tuesday's consumer price Index rise, dealers said The Sydney All-ordinaries Index fell 2.21 points to 424.31. BHP fell 12 to 6 64 and Pancontinental 42 to 8 56. PekoWa 11 send lost 10 to 4 50 and
      389 words
    • Article
      Tokyo
      472 7 TOKYO. Share prices closed higher as Interest revived in blue chips and populars. dealers said on Wednesday. The market average gained 13.33 to close at 5.037 91 with volume 200 million shares The New index closed at 380 70. up 1.34 Electricals. precision instruments. motors and plant shares led
      472 words
    • Article
      Hongkong
      434 7 HONGKONG: Share prtcea fell sharply on Wednesday In moderate trading on disappointment over the sire of profit Increase and bonus Issue announced by Hongkong Bank on Tuesday, dealers said The Hang Seng Index dropped 5 39 points to 434.38 Hongkong Bank dropped 50 HK cents to $20 20. Jardine
      434 words
    • Article
      Bangkok
      93 7 ►"KB 22 Bahts Asia Fibre 122 unch Bangkok Bunk 255 unch Bangkok Invest 152 -5 Bangkok Metropolitan Bank ***** unch Bata 377 Berll Jucker 171 ♦2 Charoong Thai Wire 163 unch Dumex DusltThanl Faber Merlin First Trust I38S unch Indo-Thai 185b 10 J And J Ho 100 -1 Jalaprathan
      93 words
    • Article
      Indices
      72 7 FINANCIAL TIMES INDUSTRIAL Tuesday 397.7 Monday 389 0 Week ago 376 1 DOW JONES AVERAGE INDUSTRIALS Tuesday 939 91 Monday closed Week ago 944.32 LONDON DOLLAR PREMIUM Tuesday 110'« to 111% Monday 108'* to 108S*. H.K. HANG SENG Tuesday 439 77 Monday Closed Week ago 436 f>8 SYDNEY INDUSTRIALS
      72 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      176 7 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who
      176 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Local and foreign rubber markets
      724 8 OPENING quotations In the Singapore rubber market were marked down 0.75 cents following lower overseas advices and the market ruled very quiet with little price changes In the early part of the morning, dealers said. The morning session closed quiet with March RSS One buyers
      724 words
    • Article
      Closing
      28 8 prices Robber: Feb 23 Singapore: 202.50 eta. (down 0.50 eta.) Malaysia: 206.50 eta. (down 1.00 eta.) Tin: 11,548 (down $1°) Official offering: 187 tonnes (op 27 tonnes)
      28 words
    • Article
      Straits tin
      142 8 THE Straits tin price In Penang yesterday was down SlO to $1,548 on an official offering up 27 tonnes to 187 tonnes. In LONDON yesterday, tin advanced by £85 for Cash and £80 for Three Months. High Grade was around £87 and £80 up respectively. Three Months standard
      142 words
    • Article
      Lead
      76 8 LONDON, Wed. Lead rose by £13.50 for Cash and £14.50 for Three Months in the morning and was boosted by the strenght of tin, dealers said. Fresh chart and stoploss buying combined to establish a new record trading high of £424 per tonne for Three Months after initial pre-market
      76 words
    • Article
      SSR and SMR
      84 8 Mar. Apr. R.A.S. (Camtl MU) (Fer ward Mth) Buyers Sellers Buyers Sellers (c« itaparkf) (c« its per kc) SSR20 (1-ton Pallet) 190.00 192.00N 191.50 193.SON SSR50 (1-ton Pallet) 187.50 189.SON 189.00 191.00N M.R.E.L.B. SMR5CV (1-ton Pallet) 221.00 223.00N 224.00 228.00N SMR SL (1-ton Pallet 210.00 212.00N 213.00
      84 words
    • Article
      Palm Oil
      108 8 THE following Palm Oil prices were quoted In London on Tuesday. The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated Twaday Pre*. Malaysia 5% ffa bulk Apl/May Sumatra 5H Feb Mch Xy June Nigerian 5% ffa bulk Sterling per long ton
      108 words
    • Article
      Rice
      109 8 BANGKOK, Wed. Indicative prices for rice quoted in Bangkok on Wednesday were: US dollars per tonne fob basis Bangkok. White Rice: 100 per cent Ist class 282 100 per cent 2nd 267 100 per cent 3rd 262 5 per cent 254 10 per cent 233 15 per cent 230
      109 words
    • Article
      Gold
      273 8 IN the Singapore gold market yesterday, the kllobar fluctuated between 8510.980 to 8811,060. The loco London gold opened at US$l3B.BO/ 139.20 and was bidded up to a high of U*****.00/ 139.40 before easing at the close on profittaking to U*****.80/ 138.20. The London morning fix was U*****.15 up five
      273 words
    • Article
      Copper
      237 8 LONDON, Wed. Copper wlrebars scored gains of mostly £10 per tonne In the morning. Tins upsurge gave the market fresh impetus after early pre-market pricing sales had partly offset the Influence of a firm oversight New York trend, dealers said. Three Months worked up from £867 per tonne In
      237 words
    • Article
      Produce Prices
      275 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil. Bulk SSS sellers, old drum NO tellers, new drum *95 selten Copra: Mixed (looae) UK/Cont 115 buyers. Pepper: Muntok AST A white f.o.b. 100S NLW *355 sellers. Sarawak white f.o.b. MS NLW *335 sellers. Sarawak special
      275 words
    • Article
      Coffee
      389 8 LONDON, Wed. Robusta futures partially recovered from Tuesday's shake-out but gains were limited. At end call values were £17 to £52 per tonne higher on Tuesday's close. Volume was 388 lots and the tone about steady. May, after trading to a high of £3,350 eased back to a low
      389 words
    • Article
      Soybeans
      110 8 CHICAGO, Tues. Soybean futures finished the session with losses of 2-1/4 to seven cents a bushel after trading within a four-cent range In fairly light dealings. Prices were depressed by hedge selling, which followed moderate amounts of farmer selling over the weekend, and speculative selling because of the rain
      110 words
    • Article
      Wheat
      124 8 CHICAGO, Tues. Wheat closed with losses of 41/2 to 51/2 cents -a bushel, finishing at the day's lows. Hedge selling and speculative selling prompted by the forecasts of more rain and snow In wheat growing areas pushed prices lower. Continued commercial selling kept f>rlces under pressure In lght dealings.
      124 words
    • Article
      Sugar
      187 8 LONDON. Wed. Terminal opened easy with prices £2.50 to £2 down from Tuesday's 1700 hours levels in sales of 1214 lots. Dealers said the market continued to attract fresh selling and long liquidation on bearish fundamentals. Also, aiding the trend were reports from Washington of possibilities of changes to
      187 words
    • Article
      Silver
      250 8 LONDON, Wed. Silver showed gains ranging from 2.5 to 2.9 pence per troy ounce In much broader trading of 239 lots In the morning. Dealers reported a resurgence of fresh buying Interest prompted by the overnight gains at New York, the firm trend In gold and views expressed in
      250 words
    • Article
      Zinc
      84 8 LONDON, Wed. Zinc closed with gains of £5 for Cash and £4.50 for Three Months in the morning. After an initial mark up In sympathy with the general trend In base metals, values held relatively steady In moderately active two way activity, dealers said. Three Months traded upto £437
      84 words
    • Article
      Duty rates
      62 8 THE Malaysian Minister of Finance has fixed these rates for the period from Feb 24 until further notice: Rubber 94-5/8 cts. a lb Copra $880.00 a ton Palm kernel $235.25 a ton The rate of duties payable are: Rubber 12-1/8 cts. a lb (Surcharge 5-7/8 cts. a lb)
      62 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      489 8 DEALERS in the Singapore domestic money market witnessed further falls in the interest rates In term deposits yesterday. Falls of about 3/16 points were noted In the One to Three Months funds which, with the exception of the One Month, saw sluggish trading. Overnight funds remained relatively steady at
      489 words
    • Article
      Asian $ rates
      153 8 Asian rates ASIAN currency deposit interbank rates u at close on reb 23 U8 Dollars (8p«> Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths mths 12 mths 413/16 4 7/8 5 55/8 57/8 evi# 8w. Fr». (attdtep 411/18 4 3/4 4 7/8 8 51/2 53/4 81/16
      153 words
    • Article
      Discount
      3 8 w ™S!!1
      3 words
    • Article
      Euro $ rates
      125 8 Euro rates LONDON. Wed. Most near period Eurodollar deposits opened lower reflecting the Friday dealing technicality while Six Months onwards and shorts were little changed, dealers said. One Month, however, was unchanged Initially with the Friday dealing technicality offset by a Friday end of period. Early trading centred In the
      125 words
    • Article
      London
      261 8 LONDON, Wed. Sterling and the dollar extended Tuesday's late advance, with some feeling the larger than planned 1978 US budget deficit may lead to slightly higher US Interest rates helping the dollar, dealers said. Sterling firmed quickly to $1.7085/90 when the market opened from an early indication of $1.7065/70.
      261 words
    • Article
      New York
      234 8 NEW YORK, Tues. The dollar closed higher than on Friday following yesterday's Washington's birthday holiday here as dollar shortages, which developed on Monday, were filled, dealers said. The market, however, is uncertain about the overall dollar direction in the face of possibly higher interest rates as President Jlmr.y
      234 words
    • Article
      Hongkong
      150 8 HONOKONO, Wed. The US dollar was quoted at a late HK54.6435/ 55 In quiet trading, lower than Tuesday's late $4.6460/ 80 but above today's $4.6400/ 20 low, dealers said. Local money remains tight despite the ending of the Chinese New Year holiday period, with borrowing demand still strong, they
      150 words
    • Article
      Treasury bills tender
      51 8 THE Monetary Authority of Treasury Bills to be Issued Singapore (MAS) Invites on Feb 28, 1977. hou>es 2 SM-aw <•) >30 million 01-day SuSutbMiln >Ue<l Treasury Bills to be Issued from Feb 28 to Mar 4, 1977. Each tender must not be (b) $20 million 182-day less
      51 words
    • Article
      Minimum lending rates (in %)
      58 8 Minimum lending rates (in ACBC 6*. Algemene Bank 6% Bangkok Bank ..7* Bank of America 6* Bank of China ..7 Bank of Tokyo fl*» Bank Negara Indonesia 7 First Chicago .6* Citibank 6*. HSBC 7 Indosuez Malayan Banking 6%» Mitsui Bank 6* OCBC 6* OUB 6* Chartered Bank Chase Manhattan
      58 words
    • Article
      Australia/NZ
      51 8 AUSTRALIA/NZ exchanges quoted on Feb 23 Australia: Sterling 0.6453 0.6383 US dollar 1.0981 1.0933 Ninety-day air mall buying rates: Sterling 0.6714 US dollars 1.1231 Ninety-day forward buying rates: Sterling 0.6568 US dollars 1.0943 New Zealand: Sterling 0.5599 0.5567 US dollar 0.9606 0.9506 Ninety-daw forward rate: Sterling 0.5935 US dollar
      51 words
    • Article
      Zurich
      41 8 ZURICH exchanges closing quotes on Feb 22 US 2.5225-5235 UK 4.3075-3110 Can 2.4475-4495 W Germ 105.40-49 Neth 100.90-101.02 France 50.53-57 Belg 6.85^-86%. Denm 42.76-80 Norw 47.86-90 Swed 59.69-74 Italy 0.2858-2861 Austria 14.83-86 Port 7.66-69 Spain 3.63V«-65 Arg 0.75-90 Japan 0.89-89^
      41 words
    • Article
      Tokyo
      139 8 TOKYO, Wed. The US dollar for overnight dellvery closed at 283.40 yen, slightly lower than the opening 283.50 yen but little changed from 283.35 yen at Tuesday's close, after fluctuating between 283.10 yen and 283.80 yen. Dealers said the US currency initially gained ground on banks covering their remittance
      139 words
    • Article
      Eurobond Prices
      128 8 LONDON, Wed. Eurobond prices were mixed around 1/8 to 1/4 point either side of yesterday's closing In moderate activity. In first time dealing today SAAB-Scanla's $50 million 12-year 8* per cent issue at 99tt traded around 97 K 98. US and Japanese convertibles showed no real trend In
      128 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      68 8 TOP EXECUTIVE how to achieve it...how to hold it...TODAY.. Sold to V executives in h U.S. at $105/- 1 Now available 1 to you at the 1 special price of I $45/. i I r Yes, please send me I enclose my cheque for Please mail to: Mr/Mrs/Miss Address .copy/copies
      68 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article, Illustration
      Lock icon Jupiter space probe gets last touches
      892 9  -  By JOHN NOBLE WILFORD NYT THE finishing touches an Instrument installed here and a thermal vacuum test there are being put on two spacecraft designed to make the most extensive reconnalsance thus far of the outer solar system. These unmanned spacecraft are scheduled to
      NYT  -  892 words
    • Article
      Our Top Ten big spenders when it comes to selling
      771 9  -  By SOH SIAM LOH MENTION big' spenders in advertising and a certain name to be dropped Is SIA, but how many people know that Cointreau, for Instance was among the top 10 advertisers at least In the Times group of
      771 words
    • Article
      Agreement on EEC aircraft industry
      119 9 BRUSSELS, Wed. The EEC has reached a broad agreement on the need to create a community civil aircraft industry working In close co-operation with US aircraft manufacturers, Christopher Layton, Industrial Affairs Director In the EEC Commission, told a press conference. The agreement still has to
      119 words
    • Article, Illustration
      IN PORT
      338 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aleksandr Serafimovlch (1100 after Vlshva Vlkram) 10 kenlngau (1) (1300) 19 Kenlngau (11) (1900 shifts Agent's request) 20 Kyokal Maru (0600 after Queen Elizabeth 2) 47 Loon Sheng (HOJW) (0600 after State of West 1 Colorado (3FVZ) (1500 after Hyeonjln) 29/30 Talkoh Maru
      338 words
    • Article
      Lock icon The London freight market
      175 9 AP LONDON, Wed. Very dull conditions predictably marked the day on the London freight market yesterday following the George Washington's birthday holiday In the United States. Very few new fixtures were reported, but conditions remained much the same In terms of rates payable. The lumosum rate
      AP  -  175 words
    • Article
      Lock icon Rate hikes accord
      69 9 Reuter LONDON, Wed. Shipping conferences covering trade from the Continent and Britain to Sri Lanka and the European shippers councils have agreed on rate Increases on voyages to Sri Lanka beginning on April. A general rate Increase of 20 per cent will become effective on vessels loading
      Reuter  -  69 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      552 9 ARRIVALS Service Operator Number Local Time From MAS SIA CPA GIA GIA PAL RBA SIA SIA GIA MH682 SQ21I CX710 GA980 GA908 PR5Q1 BI325 SQ201 SQ240 GA895 0810 1010 1030 1030 1100 1115 1155 1200 1205 1215 KCH HLP HLP HLP MES MNL BWN HLP MES AMS/FRA/FCO/
      552 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      92 9 A wealth of answers to scientific phenomena LIFE SCIENCE: LIBRARY A thousand questions you've asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular theory mathematics the human
      92 words
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  • Article, Illustration
    Rural folk get the benefit of Brazil's coffee price hike
    1193 10  -  By EDGAR MILLER BRAZILIAN rural workers are getting better wages, new schools, roads and social improvements from the money Brazil receives In higer coffee prices paid by consumers in The United States and the rest of the world, says the
    1,193 words
  • Article
    Firms join in World Cup soccer fever
    212 10 WITH the pre-World Cup game? kick-off Just round the corner, four companies In Singapore have successfully tendered for rights from the Football Association of Singapore to promote and market their products in conjunction with the event and for the use of the games
    212 words
  • Article
    Lock icon Private contacts are worth more than money in Soviet Union
    794 10  -  Br EMIL SVEILIS UPI A RUSSIAN secretary with access to a pair of new American Jeans recently exchanged her prize possession for the name, address and telephone number of her girl friend's seamstress. Among his private and therefore illegal customers,
    UPI  -  794 words
  • Article
    Lock icon Japan's price demand clouds steel talks
    739 10  -  By CLARENCE GOMEZ AP A HIGH powered Japanese steel delegation has begun the annual ritual of settling price levels for purchase of Australia's coking coal and iron ore, the two largest Australian mineral exports. The Immediate atmosphere is clouded by Japanese demands that prices
    AP  -  739 words
  • Article, Illustration
    Lock icon The battle against inflation is Israel's top priority
    735 10  -  TAKE a small developing country with only a few million people, with inadequate resources of its own and therefore dependent on external aid and investment. Surround it with actual or potential enemies and place it in a part of the world in
    NYT  -  735 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      230 10 APPOINTMENTS MARKETING EXECUTIVE Heller Factoring, a joint venture of Walter E. Heller Overseas Corporation, the Development Bank of Singapore and the Oversea-Chinese Banking Corporation, is an affiliate of the Heller International Network. It is a commercial finance company. specialising in financing against accounts receivables in the form of factoring and
      230 words
    • Advertisement
      Page 10 Advertisements Column 2
      347 10 APPOINTMENT FOR MARKETING EXECUTIVE To lead an active and experienced Sales Team which has been built up in Singapore, we require a Executive of outstanding abilities. He must be able to build on the present market positioning of the world renowned brands that we represent under, general direction. To be
      347 words
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  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      461 11 How advertisers can mount a campaign aimed at businessmen Tactical information from Business Times I ft- < r i cm 3. Shotgun approach beware. Be careful about spreading your message across too many publications. This approach is called the shotgun approach. A secret: Research into readership indicates that readership of
      461 words
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  • Article
    Lock icon Wheat deal suit against consul
    166 12 AP NEW YORK, Wed. An American holding company sued the consul-general of Indonesia yesterday, seeking to prevent foreclosure on a U*****,340 (*****,000) performance bond In an International wheat deal. In a Manhattan Supreme Court suit, the Bremar Holding Corp. said It purchased a $224,340 letter
    AP  -  166 words
  • Article
    LONDON STOCKS
    821 12 LONDON, Wed. The stock market firmed on renewed interest but the unresolved British Leyland tool-room dispute continued to Inhibit trading, dealers said. At 3 p.m., the Financial Times Index was up 4.8 at 402.3 after a high of 403.3. The strength of sterling and hopes of a cut
    821 words
  • Article
    Bank of E intervenes in S'pore forex market
    232 12 SINGAPORE has been included as one of the Bank of England's overseas intervention centres to stabilise the pound. Since last October, when the pound nose-dived to its record low, the Bank has come to Singapore's foreign exchange market to buy and sell
    232 words
  • Article
    MORE POs MEAN SOMETHING MORE: MP
    149 12 THE Member of Parliament for Marine Parade, Mr. Goh Chok Tong, said that increased postal facilities and efficiency is reflective of the rising level of literacy and higher tempo of business activity in Singapore. Mr. Goh said that the Postal Department has been intensifying
    149 words
  • Article
    Phan Hien leaves
    73 12 DACCA. Wed. A Vietnamese government delegation Ted by Deputy Foreign Minister Phan left here yesterday after a threeday visit and talks with Bangladesh government officials. The Deputy Minister, describing his talks as very fruitful, told reporters the two countries had an Identity of views on major international
    73 words
  • Article
    Lock icon SIGNING OF TRADE PACT MARKS ASEAN ANNIVERSARY
    900 12 Reuter MANILA, Wed. Foreign Ministers of Asean are gathering here today to mark the first anniversary of the 10-year-old organisation's first summit meeting, and to endorse a document marking the first important step towards a form of regional economic organisation. Before them, when
    Reuter  -  900 words
  • Article
    Straits accord won't hit shipping pledge
    346 12 ONLY FOR ENSURING SAFETY KUALA LUMPUR, Wed. Shipping Interests were assured today that they would not be affected by the tripartite agreement on the Straits of Malacca and Singapore to be signed by Malaysia, Indonesia and Singapore In Manila tomorrow. Foreign Minister Tengku Ahmad
    346 words
  • Article
    Device zeroes in on hidden cables
    463 12 A LOCALLY Incorporated company may have an answer to a controversy which raged late last year between the Public Utilities Board and local contractors over damage done to underground cables and water mains. The PUB has complained of careless excavation, of which there were
    463 words
  • Article
    Lock icon Invest at home call to Thais
    165 12 Reuter BANGKOK, Wed. Prime Minister Thanln Kralvtchien has called on Thai businessmen to bring back to Thailand what he called "the huge amount of capital", which they had secretly sent out of the country. Mr Thanln told a gathering of businessmen here yesterday: "You
    Reuter  -  165 words
  • Article
    Lock icon 'Lower bank rates early'
    101 12 Reuter TOKYO, Wed. The president of the Federation of Bankers Associations Toshlo Nakamura urged the Bank of Japan to lower its 6.5 per cent bank rate at an early date with a simultaneous reduction In interest rates on bank deposits and postal savings. He told a
    Reuter  -  101 words
  • Article
    Fuji unveils latest high-speed colour film
    120 12 FUJI Photo Film Company, the largest manufacturer of photographic products in Japan, yesterday unveiled in Singapore its latest product a high speed (ASA 400) colour film known as Fujlcolor FII 400. The film has been hailed as the latest sensation to hit International photographic
    120 words
  • Article
    Asean to submit memo on US tax deferral issue
    211 12 ASEAN Is to submit an official memorandum urging the United States Government to retain Its foreign tax deferral system for American companies operating In the region. The memorandum, to be submitted by the Philippine Ambassador to Washington. Mr. Eduardo Romuldez, warns
    211 words
  • Article
    Aussies in joint venture with Wing Leong
    153 12 LOCAL entrepreneurs, Wing Leong Holdings, has gone into a Joint venture with Australian manufacturers, Scale and Engineering, to set up manufacturing facilities In Jurong. The Joint project, involving an Investment of $1.4 million, will be known as ASE Pte. Ltd. It will manufacture
    153 words
  • Article
    Femininity and the army- Goh
    166 12 THE Singapore Armed Forces will not perpetrate such a heinous deed as destroying the femininity of Singapore women. This assurance was given by Dr. Ooh Keng Swee, Deputy Prime Minister and Defence Minister, yesterday" to Parliament in replying to comments raised by other MPs during
    166 words
  • Article
    Lock icon Filipino-Japanese trade talks
    177 12 UPI TOKYO, Wed. Philippine and Japanese business and industrial leaders began a two-day conference today on bilateral trade and Investment and Japan's cooperation with the fivemember Association of South-East Asian Nations. The meeting opened In a Tokyo hotel with the Japanese represented by 50 representatives of steel,
    UPI  -  177 words
  • Article
    Cargo in trouble
    138 12 FORTY million dollars worth of cargo to be shipped to West Asia has been held up In Singapore and overseas ports while shipowners and agents are demanding additional freight charges from local shippers. The cargo, mostly plywood, timber and other general cargo, Is in 17 ships between
    138 words
  • Article
    Windfall for firm?
    97 12 HAW Par Brothers (Pte) Ltd. is expected to get millions of dollars In cash and property from the estate of the late Mr. Aw Cheng Chye, who was during his lifetime director, governing director, managing director and chairman of the company. In a press notice yester- day,
    97 words
  • Article
    Petition dismissed
    95 12 THE Court of Appeal yesterday dismissed Internatlnal Holdings Pte Ltd's appeal against a petition granted last November to wind up. The Chief Justice. Mr. Wee Chong Jin, Mr. Justice Chua and Mr. Justice Kulasekaram, rejected counsel Mr. Llm Chor Pee's contention that the company had not been shown
    95 words
  • Article
    Query on franchise at Changi Airport
    114 12 THE Government has been asked if It intends to award the full franchise for all ground handling services when Changi International Airport becomes operational to Singapore Airport Terminal Services, or whether it plans to set up another handling company to compete with SATS Mr.
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  • Article
    ARE WE MOVING HOUSE?
    104 12 THE Minister for Law and the Environment, Mr. E.W. Barker, has been asked whether Parliament will move to a larger building or If not, whether there are plans for seating capacity in the Parliament Chamber to be increased. Huji Rahmat bin Kenap, Member of Parliament for
    104 words
  • Article
    Citizenship: The long wait
    88 12 SOME 60 per cent of the number of applications for citizenship now under consideration have been outstanding for more than three years. This was stated by the Home Affairs and Education Minister, Mr. Chua Slan Chin, in reply to a question from the MP for Marine
    88 words
  • Article
    ACBC sues
    32 12 THE Asia Commercial Banking Corporation, represented by Lee Bon Leong and Co, yesterday filed a suit in the High Court claiming the sum of $815,038.06 from Datuk Tsang Tak Chuen.
    32 words
  • Article
    MORE CARGO HANDLED
    203 12 THE volume of cargoes discharged and loaded at Singapore in 1976 increased by 11.3 per cent over 1975, an encouraging sign of economic recovery. This brought the volume to about 58 million freight tonnes (FT), only slightly less than the 1974 total of 60.5 million FT. The
    203 words
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