The Business Times, 7 March 1977
1977-03-07
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10
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The Business Times
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Title Section10 1977-03-07 1 BUSINESS TIMES M.C.(P) 300/1/77 MONDAY, MARCH 7, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article60 1977-03-07 1 Reuter BUCHAREST, Sun. The known death toll In the Rumanian earthquake rose to 580 today, and rescue squads were still hunting for bodies burled beneath rubble. The official Agerpress news agency said 508 bodies were counted by last night In Bucharest. Seventy-two people were known toReuter - 60 words
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Article81 1977-03-07 1 KUALA LUMPUR, Sun. Malaysia and Bolivia, the world's two largest producers of tin, have reached agreement on economic co-operation, with tin as their primary concern In Its mutual aid programme. Diplomatic relations between both countries will begin as soon as the Cabinet has approved the name of81 words
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Article80 1977-03-07 1 Reuter TOKYO, Sun. Japan has become the third country after the United States and the Soviet Union to place a satellite In a stationary orbit, the National Space Development Agency (NSDA) said today. The experimental satellite, Klku No. 2 launched on Feb 23 from the tiny southernReuter - 80 words
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Article68 1977-03-07 1 AP PARIS, Sun. Japan is prepared to take all necessary steps to reduce a trade Imbalance with the European Common Market, says Japanese Deputy Foreign Minister Bunroku Yoshlno. However, he also said his government Is limited In what it can do to encourage European exports to Japan,AP - 68 words
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Article52 1977-03-07 1 Reuter PEKING, Sun. The Eastern Chinese province of Klangsu has become the fifth province in less than a month to receive a new leader, it was learned today. In the past few weeks new leaders have also been appointed to the provinces of Hellungklang, Cheklang, Kwangsl andReuter - 52 words
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Article52 1977-03-07 1 Reuter HONGKONG, Sun. Overseas demand for Hongkong's manufactured products is expected to Increase by about eight per cent this year, according to a survey on the colony's economic prospects. The survey, conducted by the Census and Statistics Department, covered 752 manufacturing establishments each employing 20 or moreReuter - 52 words
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Article51 1977-03-07 1 Reuter MOSCOW, Sun. Soviet Foreign Minister Andrei Oromyko yesterday reappeared In public looking fit and well after almost a seven-week absence from the Kremlin scene. His long absence had causea widespread speculation on the state of his health but Soviet officials denied he had any health problems.Reuter - 51 words
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Article60 1977-03-07 1 AP TOKYO, Sun. More than 24,000 people demonstrated at a park here today, calling for higher pay for workers and better living conditions. The demonstrators wore headbands and shoulderbands bearing slogans such as "Let's fight for higher pay" and "stop Inflation." The rally was sponsored byAP - 60 words
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Article73 1977-03-07 1 UPI ROME, Sun. Riot-equipped police clashed with thousands of student demonstrators over the weekend in a battle that paralysed the city centre with tear gas, gunfire, fire bombs and a massive traffic Jam. The four-hour street battle was the latest in a series of clashes between policeUPI - 73 words
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Article118 1977-03-07 1 THE following list of stocks gives the 10 most traded iii on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1976/77. Company Turnover Prices Hick Low '000 Mar 4 1971/77118 words
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LOCAL STOCK INDICES
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Article71 1977-03-07 1 Feb 28 Marl Mar 2 Mar 3 Mar 4 B.T. Index: 260.51 281.7* 281.43 260.33 262.67 Industrials: 252 50 252.85 252.44 252.35 253 20 Finance: 437.54 438.89 438.28 437.83 438.71 Hotels 157.25 157.85 157.52 157.22 157.35 Properties: 145.47 145.35 145.16 145.00 145.20 •f Tina: 105.40 105.40 105.40 105.25 105.2571 words
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Article76 1977-03-07 1 Feb 28 Marl Mar 2 Mar 3 Mar 4 t ++B.T. Index 107.31 188.03 Cloaed 197.48 198 85 Industrials: 276.87 278.85 Closed 276.40 276.94 Finance: 371.88 372.85 Cloaed 371.32 371.32 Hotels: 171.88 171.88 Cloaed 171.89 171.89 Properties: 141.80 142.05 Cloaed 142.00 141.55 Tins. 105.88 106.73 Cloaed 106.69 107.58 Srubbers:76 words
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1301 1977-03-07 1 JOHN TAN - CONTRIBUTED MORE TO GROWTH LAST YEAR »y JOHN TAN MUCH of the growth achieved In Singapore's Industrial sector last year came not from the more sophisticated Industries but from Industries with relatively low rates of value added, as a proportion of total output. Statistics released1,301 words
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Article99 1977-03-07 1 AP HONGKONG, Sub. A record number of overicii buyers were expected to attend Hongkong's tenth ready-to-wear featival which opened on Saturday. A spokesman for Uie Trade Development Council (TDC) said more than 3,000 buyers from 40 countries would arrive in Hongkong before the festival ends onAP - 99 words
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Article478 1977-03-07 1 Reuter KUALA LUMPUR, Sun. Malaysia has invited Japanese Prime Minister Takeo Fukuda to visit Kuala LumRur in August when Asean olds Its second summit conference, official sources said here today. It is not known whether Mr. Fukuda has accepted the Invitation, but the Japanese PrimeReuter - 478 words
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236 1977-03-07 1 CHIANOMAI. Sun. Malaysian Prime Minister Datuk Hussein Onn today pledged that Malaysia will help Thailand If her security is threatened. Addressing a press conference after two days of talks with Thai Premier Than In Kralvlchlen, Datuk Hussein said: "If there should be a236 words
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Article292 1977-03-07 1 MR. JAMES Callaghan, British Prime Minister, flies to Washington this week for his first meeting with President Carter, on the eve of a decision by the authorities that will be critical for the New York landing rights of the Concorde, the AngloFrench supersonic aeroplane. Mr. Callaghan's visit292 words
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186 1977-03-07 1 AP NEW YORK, Sua. A Japanese architectural firm is working with a Columbia University engineer to study the possibility of building a UBI7OO million (SSI.7 billion) "floating city" in Tokyo Bay within four to five years. The University's School of Engineering said in aAP - 186 words
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Article, Illustration281 1977-03-07 1 WITH the departure of Slme Darby's chief executive. Dr. Keith Bright, there Is now considerable change In the relative strengths of the two sides to the Slme Darby board struggle of late last year. Dr. Brlght's resignation, announced over the weekend, has left281 words
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Page 1 Advertisements
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Advertisement56 1977-03-07 1 W*F Wiyfoong MAF A lending hand when Wayfoong Mortgage you need and Finance (Singapore) Limited it IllOSl Shaw House. Ground Floor. 354 Orchard Road, Singapore 9. Tel: *****7. INSIDE Leisure/ TV 4 Radio Leisure Features Overseas/ Inter* national* Co. newi Local Co newt/ Share Pt information PS Overseas stocks P456 words
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Advertisement116 1977-03-07 1 International trade? ACBC mates it easier. ACBC provides all the services required for successful trading on the international scene. From opening letters of credit, to export financing, to foreign exchange. Making it easier with a simple direct service. Not only to take care of the routine but indispensable day-to-day banking116 words
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Advertisement145 1977-03-07 1 paco... to his friends. cotogne.jrftor shave and other things... P#Ci' r.it'ilfm# pr*tP Why the Excelsior? That's your business I 95 m r •S. s mm a The reason might be our 1,003 first class rooms, all with individually controlled airconditioning, with bath, shower, radio, direct-dial telephones, colour TV and the145 words
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Article782 1977-03-07 2 BRITAIN'S Labour Government, now outnumbered in an Increasingly assertive Parliament, Is having to trim away the red edges of Its Sro gramme of socialist legislation, for the only fe-llne for Its survival Is the avoidance of controversial Bills. Any attempt to put through such measures as the nationalisation782 words
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REVIEWS
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Article, Illustration1066 1977-03-07 2 ILSA SHARP - I THEATREI Br ILSA SHARP NORWEGIAN playwright Henrlk Ibsen's sombre plots to some extent generate their own momentum and can usually be relied upon to hold the audience In a compelling, almost vice-like, grip but some polished acting from The Stage Club certainly helped1,066 words
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953 1977-03-07 2 CKT - C MUSIC 1 By CKT ON THAT single occasion in history when a famed Impresario challenged a famed composer to a duel, It was the pouncing punters who lost the day. Friends Interfered. After a few hours, the battle royal953 words
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Article, Illustration742 1977-03-07 2 ROBERT MUSEL - FILMS By ROBERT MUSEL UPI IN THE movies of the Old West the hero habitually is a fast-draw artist who gets the drop on the villain and then calls in the undertaker. That lndefatlglble researcher, Joseph Rosa, has Just completed a literaryUPI - 742 words
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Article, Illustration595 1977-03-07 3 ARTHUR YAP - By ARTHUR YAP Arthur Yap is a Professional Staff Member of the SEAMEO Regional Language Centre and a leading local artist and poet. THERE'S never a dull moment in this Centre. A typical weekly routine Is never typical. Each week lends itself to a different schedule. And595 words
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Article762 1977-03-07 3 RUSSELL BAKER - By RUSSELL BAKER NYT THE chic thing this year Is people writes a cheese-shop operator from First Avenue. I guess it started with Jimmy Carter trying to get the government interested in the existence of people, which could be wrong, as I amNYT - 762 words
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471 1977-03-07 3 CHRISTOPHER HILL - BOOKS ByC CHRISTOPHER HILL Financial Times Open-End Investment Fund* in the EEC and Switzerland, by D.C. Corner and D.C. Stafford. Mauritian, £15. THE PROBLEM which the authors of a book such as this have to contend with is that any kind of snapshotFinancial Times - 471 words
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859 1977-03-07 3 RAY DAFTER - "y RAY DAFTER FINANCIAL TIMES The Poverty of Powor: Energy and the Economic Crisis, by Barry Commoner. Jonathan Cape, £5.50. 314 P«ges THE INDUSTRIALISED world has been shocked Into the realisation that energy is not cheap, that fossil fuel supplies are exhaustible andFINANCIAL TIMES - 859 words
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1047 1977-03-07 3 ALDEN WHITMAN - By ALDEN WHITMAN NYT TTie Medieval Machine: The Industrial Revolution of the Middle Agei. By Jean GimE>l. 274 page*. Illustrated. olt, Rinehart and Winston. U5512.95. IN THE medieval machine, Jean Qlmpel, the FrancoBritish lecturer who Is well known In the UnitedNYT - 1,047 words
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Article380 1977-03-07 3 Reginald Dale - By Reginald Dale (Financial Times) International Agencies The Emerging Framework of Interdependence, by Evan Luard. Macmillan, £14 MORE AND more important decisions are taken almost unnoticed by obscure international organisations and the trend is bound to Increase. This, according to Mr. Evan Luard, is the(Financial Times) - 380 words
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556 1977-03-07 3 CHRISTOPHER LORENZ - Computers and security an approachable introduction By CHRISTOPHER LORENZ Financial Times Privacy and Computer!, by Paul Sieghart. Latimer New Dimensions, £6.50 THE DISAPPEARANCE of key tapes from ICI which was disclosed recently has revived public Interest in the problems of computer security. Less noticed, though of arguably greater importance, hasFinancial Times - 556 words
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Page 2 Advertisements
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Advertisement170 1977-03-07 2 Your important contacts are made at Hanover Fair '77 April 20 28 Advertising Building materials and components, prefabricated and system building Catering Chemicals, rubber and plastics technology Cleaning and maintenance of property Construction equipment Decorative consumer goods Distribution of electricity Domestic electric installations and equipment Electric lighting Electronic components and170 words
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Page 2 Miscellaneous
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Miscellaneous276 1977-03-07 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on March 6 at Singapore airport. Maximum temperature 30° C Associated humidity 60 Minimum temperature 22° C Associated humidity 92 Hours of sunshine 6.75 Rainfall in millimetres nil Total rainfall for the month 12.2 Total rainy days for the276 words
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Page 3 Advertisements
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Advertisement21 1977-03-07 3 BALLY OF SWITZERLAND ft On TAILORS OUTFITTERS THE LEADING MENSWEAR STORE •HIGH ST CENTRE*OCEAN BUILDING*SUPREME HOUSE •GOODWOOD HILTON RAFFLES HOTELS*COLD STORAGE21 words
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Page 3 Miscellaneous
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Miscellaneous439 1977-03-07 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZ ZLE ACROSS 1 Jolly good fellows at building? (6) 7 In this place a U.S. President shows cattle (8) 8 A warning for Orient (4) 10 So rude as to make us embittered (6) 11 Being gaoled, perhaps, brings wisdom (3, 3) 14 He's advised against439 words
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1033 1977-03-07 4 BEATA LEVY - By BEATA LEVY Financial Times NewsFeatures SHOULD you be dropping in today on some of the major Paris galleries of modern art, you will find their owners far more confident than a year ago. The disastrous,Financial Times News-Features - 1,033 words
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Article, Illustration843 1977-03-07 4 STUART MARSHALL - By STUART MARSHALL Financial Times A NEW CAR from any manufacture is Interesting but the introduction of a new Rolls-Royce Is an event. This week. RollsRoyce announced a Silver Shadow II to replace the car that has been produced for more than 11 years. TheFinancial Times - 843 words
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Article, Illustration795 1977-03-07 4 MICHAEL THOMSON-NOEL - Silver prices are surging and plate can be used daily By MICHAEL THOMSON-NOEL Financial Times News-Fea-tures WHEN a sector of the art Tiarket keels over sideways, is silver did In 1969. It can :,ake a long time to redls;over Its confidence and bounce.Financial Times News-Features - 795 words
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Page 4 Advertisements
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Advertisement267 1977-03-07 4 j4V^ heat s EXCHANGERS (INDUSTRIAL AND PROCESS) MADE IN SINGAPORE Computer Designed per HTRI programs with many years experience in all phases of Heat transfer. Also members of H.T.F.S. (HARWELL, U.K.) Shell and Tube exchangers for petroleum, chemical, power or marine applications. We do both the process and mechanical design267 words
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Page 4 Miscellaneous
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Miscellaneous180 1977-03-07 4 Crossword solutions CRYPTIC SOLUTION ACROSS. 1. Bricks. 7, Here Ford. 8, For-E. 10. Soured. 11, Old age, 14, VWiu; ncu. v Rods. 19, Spain. 21, Spas-M. 22, Jeans. 23. Mess. 26, Comic. 28, Tax. 29, Animus. 30, During. 31, Unit. 32, Collared. 33. See-Med. DOWN. 1, Be-ds-er. 2. C-hores. 3,180 words
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OVERSEAS
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263 1977-03-07 5 Reuter CAIRO, Sun. African Foreign Ministers, meeting here with their Arab counterparts to prepare for tomorrow's Afro-Arab summit, today dropped demands for US$2.2 billion (555.4 billion) of Arab aid. Spokesman Bahleddln Nasr said the African group had accepted an Arab pledge to IncreaseReuter - 263 words
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241 1977-03-07 5 UPI LE HAVRE, Sun. Four Spanish and Dutch sailors arrived yesterday in Le Havre from England and boarded the tanker Globtlk Venus despite an international boycott on the ship called by British and French seamens unions. Their arrival brought to 14 the number ofUPI - 241 words
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Article473 1977-03-07 5 AMNESTY PLEDGE TOO Reuter MADRID, Sun. The Spanish Government has i granted workers the right to < strike and promised that an amnesty would soon be pro- i claimed two moves aimed at normalising the political i situation before this year's i promised general elections.Reuter - 473 words
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Article341 1977-03-07 5 AP LONDON, Sun. Renegotiation of the prestigious but marginally profitable North Atlantic passenger air routes between the United States and Britain has resumed here under the leadership of two new chief bargainers. This session, scheduled through March 12, Is the fourth round of talks expectedAP - 341 words
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442 1977-03-07 5 Washington Star WASHINGTON, Sun. President Carter urged Congress on Friday to reduce federal regulation of the airline Industry as the first step toward freeing the American people from the burden of over-regulation. Although the administration does not plan to submit its own billWashington Star - 442 words
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Article157 1977-03-07 5 Reuter LIVERPOOL, Sun. Workers have occupied an electronics factory near here in protest against Its impending closure. The 400-strong largely female workforce took over the Plessey factory at Klrkby on Friday after the company announced It was closing the plant and two others because of a cutbackReuter - 157 words
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411 1977-03-07 5 Reuter PARIS, Sun. Portuguese Prime Minister Mario Soares arrived here today for what is likely to be the toughest stage of his European tour to canvass support for his country's admission into the Common Market. He will hfcve luncheon talks with President ValeryReuter - 411 words
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Article89 1977-03-07 5 UPI PARIS, Sun. President Valery Giscard d'Estalng may reshuffle his cabinet after the municipal elections. One who may leave the Cabinet Is Industry Minister Michel Dornano, who Is running neck and neck with Gaulllst leader and former Prime Minister Jacques Chirac in the Paris City HallUPI - 89 words
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848 1977-03-07 5 THE following is an editorial from yesterday s New York Times. "The nation's foreign policy In the Third World Is being shaped by a complex banking problem that requires Immediate attention. American banks have loaned almost US$5O billion (*****.5 billion) to less848 words
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INTERNATIONAL COMPANY NEWS
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Article203 1977-03-07 5 ZURICtf. Sun. The Zurich holding company, C.F. Bally AO, the celling undertaking of the Bally shoe group, has set up a subsidiary to be called Bally Flnanz AG also in Zurich, with a capital of Sw.Fr.lo million to act as a central unit for203 words
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Article105 1977-03-07 5 AMSTERDAM, Sun. Amsterdam Rotterdam Bank (AMRO) said It will make a rights issue of one new ordinary 20 guilder nominal share for every 10 shares already held, at 52.50 guilders per share. This would result in the issue of 1.75 million new shares, but this105 words
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Article37 1977-03-07 5 AMSTERDAM, Sun. The 100 million guilder 7* per cent, five-year private guilder note issue at a price of 99 per cent by the Kingdom of Norway has been fully subscribed, syndicate member Algemene Bank Nederland said.37 words
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Article302 1977-03-07 5 Reuter LONDON, Sun. With all activities making good headway, Midland Bank has more than doubled its pre-tax profit to £100.4 million from £82.39 million last year. And It Is lifting Its total payout to 12.*****p from 11.*****p, with a final dividend of 7.*****p, out of earningsReuter - 302 words
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182 1977-03-07 5 Reuter TOKYO. Sun. Tokyo Shibaura Electric (Toshiba) and Sanyo Electric said they will start marketing twohour recording home-use video tape recorders early next month at 268,000 yen. They said Toshiba's VTR is called "V Auto 5200," and Sanyo's "Veta Cord 900," both of whichReuter - 182 words
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Article48 1977-03-07 5 ARMONK, N.Y., Sun. International Business Machines told Reuter It Is confident Its series three copier/ duplicator does not Infringe any valid Xerox patent. IBM made the statement In response to a Xerox announcement that Xerox had filed new patent-ln-frlngement actions against IBM In the US and Canada.48 words
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413 1977-03-07 5 Reuter WASHINGTON, Sun. The Securities and Exchange Commission, in approving a limited put option trading plan for the American Stock Exchange, said it Imposed additional market surveillance requirements. The SEC said in a letter to the Amex the exchange must alsoReuter - 413 words
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267 1977-03-07 5 Reuter TOKYO, Sun. Toyo Kogyo said its plans to boost its production of its low-fuel-consumptlon, lowpollution small car. the Ap" to meet fast growing demand in both domestic and export markets, particular in Europe. Production of the 1,300-cc hatch-back sedan model will be expandedReuter - 267 words
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Article69 1977-03-07 5 SYDNEY, Sun.- Unaudited consolidated net operating profit at Thomas Nationwide Transport rose to A 59.48 million from $6.84 million In the first half-year ended Dec 31, 1976. Revenue was up to $230.17 million from $66.56 million. Profit is before extraordinary gain of $620,000 ($723,000) and minorities $190,000 ($152,000). With69 words
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Page 5 Advertisements
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Advertisement187 1977-03-07 5 One source of expertise and supply, one source of service... for the building construction and engineering industries of Singapore. Co-ordination is extremely important in the planning and construction of any modern building it can mean savings of both time and money and can avoid the inconvenience of having to contact187 words
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COMPANY NEWS
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1123 1977-03-07 6 AS anticipated, the second half-year at United i Overseas Land saw a sharp rise In earnings which raised group pretax profit by 66.7 per cent to $4.05 million for the year ended Dec 31. 1976. Group pre-tax profit in the second half rose about1,123 words
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Article246 1977-03-07 6 THE directors of Gula Perak have maintained that they are not in the position to sign the directors' report and statutory declaration In the company's audited accounts and report for the year ended March 31, 1976. Citing authority, the directors say they are "not in246 words
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COMPANY MEETINGS
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Article29 1977-03-07 6 THE following company meetings are due: Mar 7, 12 noon, at the Ballroom, Lower Lobby of the Regent of Kuala Lumpur. Jalan Imbl, Kuala Lumpur.29 words
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18 1977-03-07 6 Mar 9. 12 noon. Registered Office, 3 m.s., Jalan Kluang, Batu Pahat, Johore.18 words
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Article12 1977-03-07 6 Mar 15, 2.30 p.m.. 70 Jalan Ampang, Kuala Lumpur12 words
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Article16 1977-03-07 6 Mar 17, 11 a.m., Registered Office, 178-3 Jalan Sungel Besl. Kuala Lumpur.16 words
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163 1977-03-07 6 BUSINESS TIMES INDUSTRIAL GROUP INDICES (BASE YEAR: JANUARY 4. 1971 100) 1978/77 Week ended High Low Industrial Group 25/2 4/3 Point Change 210 59 496 57 164 62 228 39 294 16 219 47 715 93 139 03 131 85 100 74 390 98 297 66 145.90 Automotive 366 79163 words
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Article291 1977-03-07 6 Current Ex Date Total for Total for payment Date payable the year previous year M. Tobacco 35% Feb 7 Mar 18 50% 40% Wilkinson Process 15% Mar 7 Mar 24 20% 39.1%a Idris Hyd 30%I Mar 25 S0%I 71.5% Tanjong Tin 13.3%I Mar 25 2».7%I 30.9% 50% A.291 words
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Article2263 1977-03-07 6 warn "High Low Company Last r Sale on weak Gr'i Gr'f Net week div Dh y'W P/E Vol e'rr <*•••) H«h I Low SECTION ONE INDUSTRIALS IS' 206 100 237 186 201* 204 246 460 133 128 172 60 185 66 127* 149 172 3822,263 words
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Page 6 Advertisements
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Advertisement12 1977-03-07 6 \l i:. T n A I < found only in the best company...12 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1116 1977-03-07 7 NEW YORK: The stock market managed another modest advance last Friday, extending a technical rally that marked four of the week's five trading sessions. But volume again fell short of the 20 million mark, as fewer than 19 million shares changed hands. Analysts said the low turnover reflects1,116 words
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Article351 1977-03-07 7 FRANFURT: Most shares closed higher In lively trading last Friday, dealers said Activity centered on Siemens, which gained 4.80 marks on renewed hopes that the Brazil nuclear power deal will (to through. BBC gained three marks Bank shares rose up to 2.50 led by Deutsche Bank. In the auto351 words
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Article473 1977-03-07 7 TOKYO: Share prices closed slightly higher as late profittaking and liquidation pared earlier gains last Saturday, dealers said. The Dow Jones average gained 3.92 to 5,063.70, with volume of 150 million shares. The New Index closed at 380.27, up 0.82. Many shares opened higher on press reports that the473 words
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Article380 1977-03-07 7 PARIS: The market was slightly higher on balance last Friday, with trading less active than Thursday, dealers said. Banks, portfolio Investments, autos, hotels, metals and chemicals edged higher, while rubbers and stores were Irregular and electrlcals steady. Engineerings and transport were weak, but oils rose with CFP two per380 words
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Article163 1977-03-07 7 BRUSSELS: The market was mixed In quiet pre-weekend trading last Friday, with political developments and a local transport strike having a dampening effect, dealers said Asturienne, Vieille Montague and Finoutremer rose, while Societe General*, Traction, Cockerill, Tabacoflna, Acec, Solvay and Cometra fell. German, French and US Issues rose, Dutch163 words
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Article154 1977-03-07 7 MILAN: Montedison and Italeamenti led declines among leading Industrials last Friday, dealers said. Flat, both Pirellis and Olivetti shared the fall, but 9aia Viaooaa was unchanged and Amic was marginally higher. Insurances were easier, as was Mediobanca In banks and Bastagi in flninclals Bonds were steadier in fairly active154 words
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Article306 1977-03-07 7 AMSTERDAM: The market was generally steady In quiet trading last Friday, dealers said. Royal Dutch was higher In otherwise narrowly mixed Dutch Internationals. KLM again featured gains in the rest of the market. Major banks, Deli and Gieesen were leaders to decline and Nationale Nederlanden was a marked loss306 words
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Article394 1977-03-07 7 JOHANNESBURG: Gold shares firmed In afternoon trade last Friday as European bullion Indications maintained recent gains. Trade was thin ahead of the weekend, dealers said Financial minings firmed later with Anglo* putting on three cents to 440. Dc Beer* eased from a peak 407 to rule eight cents higher394 words
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Article324 1977-03-07 7 TORONTO: The metals and composite indices hit five month highs as share prices moved broadly higher at the close of moderate trading on the Toronto market last Friday. Alcan advanced to at 28V Ka Icon bridge Nickel at 36%, Inco A H at 33M, Noranda A to at 32.324 words
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Article299 1977-03-07 7 ZURICH: The stock market ended narrowly mixed In dull trading last Friday. Leading hanks closed steady, while Bally Registered was weak in otherwise little changed flnanclals. due to a continued negative assessment by bourse circles of Its financial reorganisation measures announced earlier last week, dealers said Among Irregular Insurances299 words
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Article65 1977-03-07 7 FINANCIAL TIMES INDUSTRIALS Friday 407.9 Thursday 412.7 Week ago 401.7 DOW JONES AVERAGE INDUSTRIALS Friday 953 46 Thursday 948 64 Week ago 933.43 LONDON DOLLAR PREMIUM Friday 105% to 106H Thursday 105'« to 105S H.K. HANG SENG Friday 427.93 Thursday 429 06 Week ago 425 42 SYDNEY INDUSTRIALS Friday65 words
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Loans
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Article146 1977-03-07 7 Reuter TOKYO, Sun. The Japanese Cabinet has apE roved a bill to double the ond Issue limit of Japanese corporations to make It easier for them to raise long-term funds, a Cabinet spokesman said. Japanese corporations are allowed at present to issue bonds up to the total ofReuter - 146 words
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Article23 1977-03-07 7 SACREMENTO, Calif., Sun. California state said It plans to sell four bond Issues totalling US$l2O million maturing June 1, 1978 through 1997.23 words
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Article127 1977-03-07 7 Reuter PARIS. Sun. Coupons on the three-part US$l5O million European Investment Bank eurobond Issue have been set provisionally at eight per cent, 8 1 4 per cent and 8% per cent respectively for the seven. 10 and 15year tranches, Co-manager Ste Generale said. Bond market sources In FrankfurtReuter - 127 words
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Article76 1977-03-07 7 Reuter HOUSTON, Sun. Tenneco said it filed a registration statement with the Securities and Exchange Commission covering a proposed public offering of US$l5O million of debentures due 2002. Part of the proceeds from the offering will be used to prepay certain foreign longterm borrowings and the rest will beReuter - 76 words
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Article1575 1977-03-07 7 On March 4 CHICAGO Board Options Exchange, trading volume last Friday came to 82,755 contracts compared with Thursday's 90,991. On the upside were 320 contracts compared with 142 contracts on the lower side. OPTION APL JLY OCT STOCK Alcoa 50 5 3/8 6 1/2 UNTRD 54 7/81,575 words
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Article299 1977-03-07 7 THE New York stock market, aided more by encouraging economic news than by aggressive buying, scored a solid advance last week that contrasted with Its more typical weakness so far In 1977. Climbing In four of the weeks five sessions, the Dow Jones Industrial Index gained299 words
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Page 7 Advertisements
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Advertisement52 1977-03-07 7 a rIT 2r-iu,;» iSiiflLLni WtL 35 j?Cu'/ it f k II ll'F' ik i HiriliQ^^yjTe*V liHii!iiiiii(!]TK e i o e, Wod :e--10l ists uei iton Wa C.K. Ti ilton, Y< Orchard Co-op er Cash in kind of Find joy ered Per >r a reau u>; Mr-lit 11 m rr v52 words
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COMMODITY REPORTS AND PRICES
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Article190 1977-03-07 8 LONDON, Sun. The terminal closed uncertain on Friday, mostly 0.35 pence higher (Apl 55.35 pence buyer) to 1.85 pence per kilo lower compared with the previous close. Volume was 11 lots at five tonnes and 293 lots at 15 tonnes including three further call options posted during the190 words
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Article189 1977-03-07 8 THE Straits tin price In Penang on Saturday was up $9.12* to $1,606.12* on an official offering down 14 tonnes to 245 tonnes. In LONDON on Friday, tin on the day gained mostly £60 per tonne In both contracts. The market exhibited a very steady tone following the189 words
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Article269 1977-03-07 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL ON SATURDAY. Coconut Oil: Bulk $95 sellers, old drum SlOO sellers, new drum $105 sellers Copra Mixed (loose) UK/Cont. Ml buyers. Pepper Muntok ASTA white f.o.b. 100% NLW $300 sellers. Sarawak white f ob 96% NLW $340 sellers. Sarawak269 words
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Article78 1977-03-07 8 CHICAGO. Sun. Corn futures closed mostly Vi to IV* cent a bushel higher on Friday. Farmer selling of corn continued light and cash bids continued to show firmness. Wheat futures were 2Vi to three cents a bushel higher at the close. Commercial buying interest lent support and spreaders unwound78 words
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Article81 1977-03-07 8 CHICAGO, Sun. Soybean futures closed with losses of s'/i to 13 cents a bushel on Friday. Early hedge selling on farmer selling which followed Thursday's advance stimulated local and commission house profittaking which pushed prices lower. Soybean meal futures closed $2.40 to $4.00 a ton lower while oil futures81 words
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Article278 1977-03-07 8 LONDON, Sun. Copper wlrebars on Friday showed gains of fully £7.50 per tonne for Cash and £8.50 for Three Months ine market was given fresh Impetus by the very steady trend of New York with pre-weekend covering and some fresh buying support taking Three Months up to £902 In278 words
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Article326 1977-03-07 8 IN the Singapore gold market on Saturday, the kllobar was traded in the range of 5511,730 to 5511,760. The loco London gold opened at U*****.00/ 147.40 and, on good buying Interest and short-covering, the metal was bldded up to a high of U*****.70/ 148.20 before easing at the close326 words
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Article127 1977-03-07 8 THE following Palm Oil prices w ere quoted In London on Friday. The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise states. Friday Pre*. Malaysia 5* f fa bulk Apl/May 571 sir 570 sir Sumatra 5% Met) 595 sir 535 sir Apl127 words
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Article338 1977-03-07 8 LONDON, Sun. Futures closed strong and near to the day's highs, having dipped to the lows earlier on Friday afternoon. At the close values were £44 to £19 per tonne below Thursday night. May closed at £3810 having traded within a high low range of £3820 to £3685. Volume338 words
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Article244 1977-03-07 8 LONDON. Sun. Terminal steadied on Friday afternoon trading In conjunction with a similar advance In New York although the movement was contained around the upper end of the recent trading range by weekend booksquaring and Jobber profittaking. The close was steady at £1.10 (Oct at £133.65) to £0.35 per244 words
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Article159 1977-03-07 8 LONDON, Sun. Sliver on Friday, was 1.1 to 2.0 pence per troy ounce lower. Steady US futures and gold were sustaining factors on a rather subdued market where there was little pressure either wav. spot silver closed in the range 279.50/ 280.50 pence per ounce against 278.00/ 279.00 pence159 words
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Article53 1977-03-07 8 Fefc28 Marl Mar I Mar J Mar 4 Mar 5 tTIn: Tonne: •Rubber (S) •Rubber (M) 11,545 12V, 341 190.50 201.25 11,500 00 237 197.50 202.25 Closed Closed 197.50 Closed <1.571.00 310 202 00 206 00 *1.597 00 259 200.79 204 00 SI.Mt.12 1 2U t per plcul53 words
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Article263 1977-03-07 8 BANGKOK, Sun. The rice market was fairly active during the week with business mostly concluded on government to government basis, trade sources said. The Philippines Government bought 10,000 tonnes glutinous rice 10 per cent and 2,000 tonnes glutinous broken for delivery at the end of March. The prices were263 words
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Article55 1977-03-07 8 LONDON, Sun. Lead lost £6.75 for Cash and £6 for Three Months on Friday. The market partially recouped earlier losses on fresh buying and end-week covering which lifted Three Months to £443 in the Ring and to £446 on the Kerb before final business at £445. Trading remained active55 words
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Article41 1977-03-07 8 LONDON, Sun. Zinc eased by £2.75 for Cash and £3.75 for Three Months on Friday. This metal was steady on small scale covering activity which held the Three Months position around the £442 per tonne level. Sales were 1800 tonnes.41 words
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1008 1977-03-07 8 JUST as they had expected, commodity traders in Singapore were fetching higher prices for their existing stocks In the local produce market last week. For most commodities, It was the third week of sustained rises. It was a great pity though, that the level1,008 words
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MONEY AND EXCHANGES
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Article153 1977-03-07 8 THE US dollar was mainly traded in the narrow ranee 2.4585-4600 In generally quiet and thin market conditions In the weekly roundup, though tnere were Instances when strong buying support provided brief brisk trading activities. A record of $1.87 billion deficit for January and a sharp fall in economic153 words
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Article201 1977-03-07 8 LONDON, Sun. The Canadian dollar eased on Friday after North American markets opened trading at U5595.12/15 cents at the London close comEred with the mid-session 48/51, dealers said. Trading in the currency in Europe was thin, with the Canadian unit drifting down on persistent scattered sales, approaching the low201 words
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Article143 1977-03-07 8 NEW YORK, Sun. The dollar closed on Friday slightly firmer on balance after a quiet trading day marked by an unexpectedly small rise In February US unemployment and a heaithy rise in January consumer credit, dealers said. The main movement of the day came in the Canadian dollar,143 words
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Article265 1977-03-07 8 Asian rates The terms eased slightly especially In the 3 and 6 months periods for last week. This was attributed to the drop In US basic money supply for USJI billion and comments by US Federal Reserve chairman that there would be no imminent major change In US monetary policy.265 words
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Article380 1977-03-07 8 THE general market expectation of an easier money supply position for last week did not materialise. This was partly due to the slower paying in of funds withdrawn for the recent festivities. The tightness was In some way aggravated by the scramble for funds by certain banks In380 words
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Article54 1977-03-07 8 Source: Astley Pearce OVERNIGHT rate was erratic, business was dealt as high as 8* on Wednesday, closing easier at 3% 9% level towards the weekend. In the terms, more ac- tivities were seen In the One Month, with taking Interest pushing rate up by 5/16H to close atSource: Astley & Pearce - 54 words
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Article443 1977-03-07 8 Source: Swiss Bank Corp. Zurich ZURICH, Sun. The dollar lost some ground against most major currencies in last week's foreign exchange. This weakening has been due to quite a number of unfavourable economic, figures. The trade deficit widened to a record of $1.67 billion In January from $610 millionSource: Swiss Bank Corp. Zurich - 443 words
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Article42 1977-03-07 8 FOR the week ended Friday Feb 25, the range of cail rates received from Short Deposits (M) Berhad was as follows: cent. BANK FUND: %to 1 per GENERAL FUNDS: to 4 per cent. Movements of funds totalled $330 million.42 words
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Article57 1977-03-07 8 Minimum lending rates (in ACBC 6*. First Chicago Algemene Bank a*. Citibank 6*. Bangkok Bank .7 HSBC 7 Bank of America Indosuez 6*» Bank of China ..7 Malayan Banking 6*. Bank of Tokyo 6*. Mitsui Bank 6%. Bank Negara OCBC 6%. Indonesia .7 OUB 6*. Chartered Bank UCB 7 Chase57 words
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Article164 1977-03-07 8 Euro rates LONDON, Sun. Eurodollar deposits closed on Friday unchanged from opening steady levels while shorts were marginally harder where changed, dealers said. Period trading was rather slack with most price names sidelined following the large decline in US M-l money supply. Customary quiet Friday conditions, and to a lesser164 words
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Article34 1977-03-07 8 FRANKFURT exchanges closing quotes on March 4 US 2.3870/80 Can 2.2760/80 UK 4 088/098 Neth 95.83/89 Swltz 93 80/88 Italy 2.098/708 France 47.90/90 Japan 0.8470/90 Belg com 0.512/522 Belg fin 0.51/52 Now 45.49/5534 words
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Page 8 Advertisements
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Advertisement79 1977-03-07 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times I BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) ->*- BUSINESS TIMES Subscription Form Address:. Payment for S is enclosed > Ail subscriptions are payable in advance and should79 words
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913 1977-03-07 9 BOB CAMPBELL - 808 CAMPBELL on recreational facilities at schools, colleges BOB CAMPBELL The Sunday Times "TIME Is running out, and perhaps In some major conurbations it is now too late," says Jimmy Munn, recreation chief of Torfaen borough. South Wales. He feels thatThe Sunday Times - 913 words
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Article, Illustration121 1977-03-07 9 These dramatic pictures from last week's Daily Mirror show football hooligan Mark Scott in action at White Hart Lane in 1975 and 1977. Scott got three months detention in 1975, and last week he got another three months on the grounds that the first sentence had121 words
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Article, Illustration1258 1977-03-07 9 HELEN MUIR - By HELEN MUIR The Sunday Times LONDON, Sun. Sue Barker last week made one of ner rare appearances In Britain. She came home to play tennis on the same courts at the Palace Hotel where she practised every day while she wasThe Sunday Times - 1,258 words
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Article972 1977-03-07 9 AP LONDON, Sun. Ipswich slammed Arsenal 4-1 at Highburg yesterday and stayed on Liverpool's heels in the exciting race for the English soccer League title. Liverpool struggled to a 10 win over Newcastle and kept the lead. But Ipswich, two points behind, has two gamesAP - 972 words
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Article, Illustration703 1977-03-07 9 BRIAN GLANVILLE - BRIAN GLANVILLE The Sunday Times on England's inadequate managers. LONDON, Sun. REVIE must go. After two-and-a-half Incoherent years, of course he should; but as one of our most Intelligent young English club managers asked me with a laugh: "Who would you putThe Sunday Times - 703 words
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Article558 1977-03-07 9 The Sunday Times LONDON, Sun. Golf Is becoming altogether too fair. If this fairness continues to spread, moreover, the game will be dead. These views of Colonel A.A. Duncan the man who stood up to Jack Nlcklaus, have become a lively topic of discussion InThe Sunday Times - 558 words
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Page 9 Advertisements
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Advertisement188 1977-03-07 9 rv COLLECTINQ Oriental Antojej k ft by Judith Moorhouse and Dries Blitz I~lgl Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is. however, widely believed that they are too expensive for the average collector. This myth188 words
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Article274 1977-03-07 10 UPI TEL AVIV, Sun. Prime Minister Yitzhak Rabin left for the United States today In a bid to forge closer understanding with President Carter's administration about future Middle East peace moves. "The central aim of Israel was and remains the achievement of peace, aUPI - 274 words
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258 1977-03-07 10 THE Jurong Town Corporation (JTC) expects that the 100 factory buildings and the six terrace factories which It began building in 1976 will be just sufficient to meet demand this year. In the latest copy of the Jurong News, the corporation says that258 words
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243 1977-03-07 10 Reuter LONDON, Sua. Trade uaion leaders yesterday ordered strikiag toolmakers at the giant British Leyland ear cofporation to return to work or face a possible company shutdown. Engineering union leader Hugh Scanlon warned that failure to end the unofficial two-week-old strike might meanReuter - 243 words
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Article319 1977-03-07 10 SINGAPORE'S total external trade rose by 26.5 per cent in January compared with the same month last year, according to official figures just published. With Imports at $2,101.5 million and exports at $1,586.5 million, total trade increased by $814.5 million, of which $344 million was the319 words
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Article575 1977-03-07 10 ARRIVALS Service Operator Number Local Time From CPA OA MAS JAL SIA CX003 OA472 MH682 JL712 SQ211 0145 0200 oeio 1000 1010 HKO SYD/MEL KCH HLP HLP OLA CPA THAI OIA GA980 CX710 TG423 GA908 1030 1030 1035 1100 HLP HLP BKK MES PAL SAS KLM PR501575 words
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Article, Illustration795 1977-03-07 10 A REDUCED MAJORITY BUT. Reuter ISLAMABAD, Sun. Prime Minister Zulflkar All Bhutto is expected to retain power when Pakistan votes tomorrow in the first general elections to be held under a civilian government. But most observers believe that Mr. Bhutto, who took over fromReuter - 795 words
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521 1977-03-07 10 SINGAPORE'S refineries performed relatively well last year In terms of capacity utilisation, compared to previous years. As crude prices Increase by 12tt per cent this year, with more to come In the future and as world resources become depleted, the Industry's target521 words
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Article157 1977-03-07 10 MR. Aubrey Wilson, chairman of Industrial Market Research Ltd and a pioneer developer of techniques for the marketing of Industrial products, has been Invited by the Singapore Institute of Management to give a four day seminar In the Republic. The seminar, which will revolve around market research and157 words
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Article75 1977-03-07 10 TWO Industrial Training Board Institutions will hold 'open house' this week to familiarise students, parents, career and guidance teachers, industrialists and the public with the various types of technical and vocational training provided. Aljunled Vocational Institute, which conducts training courses In the electrical and electronic trades, will75 words
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184 1977-03-07 10 MEMBERS of the People's Actios Party should not only bo able to understand the rationale behind government policies, but must also be constantly aware of the changing patterns of political struggle. There is a constant need to adapt to such change on the184 words
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Article37 1977-03-07 10 Reuter CARACAS, Sun. Venezuela's petroleum output for the first two months of this year rose to 2,341,093 barrels a day 27.2 per cent higher than In the same period last year, It was announced yesterday.Reuter - 37 words
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199 1977-03-07 10 THE electrical and electronics industries In Singapore are becoming more technically Intensive, despite the recessionary years. This is the opinion of Professor Jimmy Chen, a lecturer at the University of Singapore and currently managing director of the Applied Research Corporation. In a career guidance talk199 words
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204 1977-03-07 10 KUALA TRENGGANU, Sun. Trengganu will earn an average of MS2O million a year starting from next year to 1980 from Its royalty In the oil Industry, Finance Minister Tengku Razalelgh Hamzah said today. He said the state would produce 31,370 barrels a day next204 words
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Article46 1977-03-07 10 ANOTHER 80 hectares of sea front industrial land will be made available this month by the completion of the North Tuas Channel. The $5.75 million project took 16 months to be dredged and deepened and now provides easy access for vessels calling for repairs.46 words
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Article, Illustration904 1977-03-07 10 THERE may not be a sufficient volume of business to Justify the operation of three offshore banking centres In Asia at the present moment. However, Mr Jean-Pierre Fraysse, executive deputy chairman of the British merchant Banking house, Guinness Mahon, believes that Manila904 words
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298 1977-03-07 10 AP RIO DE JANEIRO, Sun. The Brazilian Coffee Institute (IBC) has raised Its minimum coffee export price from US$2.lO (555.15) to $2.80 per pound a 33 per cent hike effective tomorrow through June 30. The Institute also raised the tax exporters must payAP - 298 words
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Article197 1977-03-07 10 SMIT International or Rotterdam has ordered two huge, ship-shaped "towlift" barges from Mitsui Ocean Development and Engineering of Japan, to Increase Its heavy-lift transport capacity. The first of these barges, the "Giant 2", wll! be commissioned on April 1 and the second, "Giant 3", on197 words
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Article112 1977-03-07 10 Reuter HAVANA, Sun. The Philippines Is out of the world sugar market until January next year, Roberto Benedlcto, head of the Philippine delegation attending the group of Latin American and Caribbean sugar exporting countries' (Geplacea) meeting here, told Reuters. Mr. Benedlcto said the Philippines has nowReuter - 112 words
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Article68 1977-03-07 10 THE National Productivity Board will be organising a 10-session course on practical die design for pressworking at Its Town Training Centre from today to March 18. Areas to be covered In- clude design of blanking, piercing and bending dies, calculation of pressworking forces, clearances and allowances68 words
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Advertisement110 1977-03-07 10 '2 t 112 ■ii: M A i! LI ri/i V\ i i! I'-" 1 savours of Qlde England Lunch or dine in a grill room that savours of Olde England with food just as savoury. The Stables an ideal place to combine business with pleasure. Cosy and private, with English-manner110 words
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