The Business Times, 15 March 1977

Total Pages: 12
1 12 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, MARCH 15, 1977 50 CENTS
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  • NEWS IN BRIEF
    • 38 1 PARLIAMENT last night passed the Budget estimates for the current financial year from April 1, 1977 to March 31, 1978. The Government has budgeted for a total expenditure of $5.46 billion for the fiscal year.
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    • 77 1 UPI TOKYO, Mon. Japan's exports certified in February totalled US$6.2 billion (5515.2 billion), up 21.7 per cent over last February, the Ministry of International Trade and Industry (MITI) announced. Because of continued high-level sales of ships, electric home appliances and cars abroad, the ministry said it now
      UPI  -  77 words
    • 66 1 AP NICOSIA, Mon. Bad weather at the port of Ras Tanura held down Saudi Arabia's crude oil exports and production for the second straight month in February, the Middle East Economic Survey reported today. It is understood the average dally production was about nine million barrels,
      AP  -  66 words
    • 88 1 UPI MANILA, Mon. The mayor of a central Luzon town, previously a communist sanctuary, was shot and killed last night In the first assassination of a local official In the area since martial law was proclaimed In 1972, police reported today. Mayor Gerardo David, 53, of Capas
      UPI  -  88 words
    • 23 1 TOTAL tin exports of Singapore and Peninsular Malaysia last year was 82,162 tonnes, up from 77, 635 tonnes In 1975.
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    • 44 1 AP RAWALPINDI, Mon. Scores of rock-throwing demonstrators were arrested today In a number of cities during opposition-led marches held to protest allegedly rigged general elections on March 7. Hundreds of protestors clashed with police and federal security forces In Karachi. AP.
      AP  -  44 words
    • 48 1 AP TOKYO, Mon. The Japanese chemical fertiliser industry is concerned about what It claims Is dumping of US ammonium phosphate fertilisers In Japan at less than fair market value, but has not decided what to do about it, an Industry association official said today. AP.
      AP  -  48 words
    • 32 1 LONDON Mon. The stock market closed firm on the strength of better than expected trade figures. At 3.00 pm, the Financial Times Index was up 9.7 at 425.5.
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    • 44 1 UPI NEW YORK, Mon. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 949.80, up 2.08; 20 transp 224.68, up 0.20; 15 utlls 106.63, off 0.06; 65 stocks 310.00, up 0.43. UPI
      UPI  -  44 words
  • Chief Price Changes
    • 167 1 IN very quiet trading, shares at the Stock Exchange of Singapore ended on an easier note yesterday. Option trading was also quiet. Reflecting the easier trend, the Business Times index fell 1.36 points to 260.27 while the Straits Times Industrial average was fractionally lower at 252.44. Rises
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    • 125 1 Rises Most active Aokam S3.10 .30 Haw Par 141,000 Berjuntal $13.70 +.20 Slme Darby 120.000 S Trading $5 90 .10 H'land k L'land 80.000 SI me Darby $3.38 08 Central Sugars 77,000 F E L'ston $2.80 .06 Total Turnover: 1.15 M TalplngCon $2 16 06 Total Value:
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  • 697 1  -  BRINGING THE TOTAL TO 16 By MARTIN LIM SIX weeks after It began Its pilot scheme, the Stock Exchange of Singapore (SES) has approved a further seven underlying securities for option trading, bringing the total to 16. It also set eight new options series
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  • 380 1 AP NICOSIA, Mon. Bahrain has Joined Saudi Arabia In Its campaign to combat Inflated tenders submitted by Western and Japanese firms, the Middle East Economic Survey reported today. An agreement to this effect was reached during a recent visit to Manama, capital of this
    AP  -  380 words
  • 647 1 C C share offer to Malaysians CYCLE and Carriage is offering 10.5 million Msl shares In its wholly-owned Malaysian subsidiary Cycle and Carriage Blntang to the Malaysian public at $1.50 each. In connection with the offer, representing about 30 per cent of CCB's Issued capital. CCL will apply to the
    647 words
  • 164 1 Reuter PARIS, Mon. American Industrialist Henry Ford said today after a private meeting with President Valery discard d'Estalng the Concorde supersonic airliner should be allowed to land In New York. Mr. Ford, chairman of the Ford Motor Company, said that Americans should have the opportunity to
    Reuter  -  164 words
  • 68 1 Reuter KUALA LUMPUR, Mon. The Straits tin price In Penang gained MIS to $1,601 per plcul, 1276 above the International Tin Agreement celling, dealers ■aid. They said the market was featured by covering Interest following last week's sharp fall, with light consumer buying from a number of
    Reuter  -  68 words
  • 376 1 KUALA LUMPUR, Mon. Malaysia hopes to start formal negotiations soon with the Far Eastern Freight Conference for a separate merchant agreement for natural rubber Primary industries Minister, Datuk Musa Hltam. today directed the Malaysian Rubber Exchange and Licensing Board to take natural
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  • 85 1 Reuter KOTA KINABALU, Mob. Prime Minister Datuk Hum#in Out Mid bare today that current political differences between Babah State's ruling Beijaya Party and oppoeition United 8a bah Nationals Organisation (U8NO) would spread to Malayaia's other states if they were not resolved. Datuk Huseein who arrived here today from
    Reuter  -  85 words
  • 240 1 UPI WASHINGTON, Mon. The United States economy will show a "very atrong rebound" during the next three months, with inflation continuing at only a moderate rate. Treasury Secretary Michael Blumenthal predicted over the weekend. Mr. Blumenthal said production and employment should increase as
    UPI  -  240 words
  • 66 1 Reuter KUALA LUMPUR, Mon. Malaysia will officially invite Japanese Prime Minister Takeo Fukuda to meet leaders of Asean here after their second summit meeting due to be held in August, a Foreign Ministry spokesman said today. The spokesman told reporters it was the intention of the
    Reuter  -  66 words
  • 316 1  -  ■y CHAN BONG SOO STOCK brokers and dealers In Singapore and perhaps those across the Causeway as well were yesterday alerted to a share swindle pulled off at the broking house of Kim Eng Securities last week. The alleged fraud, Involving a possible loss of
    316 words
  • 197 1 Reuter JAKARTA, Mon. The Indonesian government Is preparing the final stages of normalising diplomatic relations with China, according to Foreign Minister Adam Malik. China had prepared the former Indonesian embassy building In Peking and a new Chinese embassy In Jakarta was being arranged. Mr. Malik
    Reuter  -  197 words
  • 89 1 AP BONN, Mon. Former Chancellor Willy Brandt today accepted World Bank president Robert McNamara's suggestion that he lead an Independent commission aimed at Improving economic relations between rich and poor nations. Mr. Brandt, winner of the 1971 Nobel peace prize, cautioned, however, that the commission could
    AP  -  89 words
  • Page 1 Advertisements
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  • OVERSEAS
    • 723 2 UPI PARIS. Mon. The communist-socialist front moved ahead of the quarelUng government coalition In the French townhail voting returns today. The Left vowed to do Its best to win control of the country In parliamentary elections scheduled for next year. Incomplete
      UPI  -  723 words
    • 128 2 MR. Jacques Chirac, former French Premier, leaving a polling station in Paris on Sunday, after voting in the first round of the nationwide municipal elections. Mr. Chirac is running for the newly recreated post of Mayor of Paris, and appears likely to win. His decision
      128 words
    • 599 2 AP MAR DEL PLATA, (Argentina). Mon. The United Nations water conference opens today amid speculation it will become another global forum for confrontation between rich and poor nations. Delegates to the conference from 70 nations began arriving at this seaside resort over the weekend. Some observers
      AP  -  599 words
    • 405 2 Reuter BRUSSELS. Mon. Common Market farm ministers take a first hard look at proposals for rises In 1977/78 EEC farm prices at their meeting here today and tomorrow, but they are unlikely to make major decisions until a marathon session planned
      Reuter  -  405 words
    • 553 2 UPI WASHINGTON. Mon. British Prime Minister James Callaghan said yesterday the citizens of his country would vote to do it all over again if asked to reapprove the controversial Concorde airliner, despite its cost and the hassle over landing rights in the United
      UPI  -  553 words
    • 491 2 UPI BONN. Mon. Chancellor Helmut Schmidt hopes that talks his senior ministers begin In Washington today can defuse a crisis In Ger-man-Amerlcan relations that erupted right after President Carter's election. Mr. Schmidt's aides say the matter must be resolved soon If they are
      UPI  -  491 words
    • 1072 2  -  By JOHN WALLACE Reuter CHICAGO, Mon. One of the most powerful labour unions In the United States is demanding lifetime Job and wage guarantees for its members. While the Idea may sound Utopian, so did pensions, minimum wage guarantees and automatic cost-of-living rises earlier
      Reuter  -  1,072 words
    • 349 2 Reuter GENEVA Mon. Swiss voters for the third time in seven years today rejected in a national referendum proposals by a right-wing political group to expel several hundred thousand foreigners living and working in the country. The electorate also turned down a proposal by
      Reuter  -  349 words
    • 221 2 UPI LONDON, Mon. Foreign Secretary David Owen said today he is making an early visit to southern Africa to try to expedite a peaceful settlement of the Rhodesia question. Mr. Owen said the decision that he should make the trip was
      UPI  -  221 words
    • 119 2 UPI WASHINGTON, Mon. Swift congressional action Is expected this week to repeal the law which has allowed the United States to Import Rhodeslan chrome in defiance of United Nations economic sanctions. The Senate, which has approved repeal of the legislation c everal times In
      UPI  -  119 words
    • 416 3 NYT WASHINGTON, Mon. Western economic strategy premised upon a coordinated expansion of the strong economies of the United States. West Germany and Japan Is probably mistaken, a Senate staff report said yesterday. The analysis, prepared for the Subcommittee on Foreign Economic Policy of the
      NYT  -  416 words
    • 254 3 Reuter LONDON, Mon. A cheap family car produced by a Korean company which British advisers helped set up may soon be flooding the British market, a Labour Member of Parliament warned yesterday. The MP, Mr. Douglas Hoyle, said the Pony car of Korea's
      Reuter  -  254 words
    • 709 3 WASHINGTON, Mondoy Washington Star THE Soviet Union has fallen so deeply into debt to. Western banks that the. banks now are restricting further loans to Moscow and may charge especially high Interest on those they do make, according to a
      Washington Star  -  709 words
    • 354 3 UPI TOKYO, Mon. Airline companies serving the To-kyo-Taipei route are "strongly opposed to Taiwan's China Air Lines remaining In operation In Tokyo after the opening of the new International airport at Narlta. the Asahl Shlmbun said today. The newspaper said the opposition Is
      UPI  -  354 words
    • 140 3 UPI PARIS, Mon. France Is soon to start building Europe's first solar power rinerator with a capacity of 500 kilowatts, the Sunday paper Journal du Dlmanche reported. The paper said the generator. to be built In a still secret location in the southern Provence region, will
      UPI  -  140 words
    • 276 3 Reuter WASHINGTON, Mon. The effectiveness of the US economic aid propamine to Pakistan has suffered because Washington's chief concern has been its politi-cal-military ties with the country, a Congressional report said today. The report said Washington provided USSIOO million (***** million) to USIISO million
      Reuter  -  276 words
    • 206 3 AP DUBLIN, Mon. Aer Lingus, Ireland's national airline which has been hit hard by a strike, said yesterday It has drawn up a settlement proposal to put to the strikers. The strike by 300 men responsible for checking the safety of aircraft at Ireland's three International
      AP  -  206 words
    • 547 3 Reuter LEIPZIG, Mon. East Germany yesterday signalled a possible slowdown In trade expansion with West Germany with the announcement that a major steel plant contract was to be awarded to an Italian firm. The news of the deal, which the West German
      Reuter  -  547 words
    • 262 3 AP WASHINGTON, Mon. Exports of livestock and animal products, particularly hides, are becoming Increasingly Important to American farmers, the US Agriculture Department said today. The steady gain in livestock exports also is helping offset the perennial worry that farmers, especially cattlemen, have about meat Imports from
      AP  -  262 words
    • 223 3 AP WALTHAM (Massachusetts), Mon. An executive of the Gallup Organisation says the number of Americans who believe big business constitutes a major threat to the United States has nearly doubled In the last 10 years while the number who think big government is dangerous
      AP  -  223 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • 47 2 BriStcW: ?iank Di ckeuSj "Tv4tS 'S QuiTe »vc nevcr SecM FePiTnCCfeD Fcignd so TP*SeN R6BCX J ■NII cfj 1-t.s just wa-rcneo me couN"foKb my HoucPty rnoMeV Find t-tis f«e. ffcPPWG aJT or mis hgj=o M£'S SCfeM <*>£ so mocw money SQUP*^ VAC'S ITRN|in& to SP>V 'faeces OF EJGMT'
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    • 46 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on March 14 at Singapore airport. Maximum temperature 31.3° C Minimum temperature Associated humidity Hours of sunshine h Rainfall in millimetres Total rainfall for the month .4 12.2 Total rainy days for the month 2
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    • 279 2 SINGAPORE 5 3.00 P.M. Opening Announcements followed by Classic Keystone Comedy Capers "Sour Grapes" 3.25 Diary of Events (English) 3.30 Magazine Zero One 0 3.45 General Hospital 4.25 Intermission 6.05 P.M. Opening Announcements followed by the Swiss Family Robinson "The Castaway" 6.30 News in Brief 6.35 Porky Pig Show 0
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  • Page 4 Advertisements
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  • INTERNATIONAL COMPANY NEWS
    • 140 5 Reuter TOKYO, Mon. Toyota Motor reported Its February vehicle exports at 110,400 units hit an all-time monthly record high, 19 per cent above a year ago. The record exports were attributed to Increased shipments to replenish reduced inventories In some mid-eastern and European markets. It said.
      Reuter  -  140 words
    • 77 5 WILMINGTON, Del., Mon. Du Pont said in Its annual report It plans capital spending in the 1977-79 period of US$2.5 billion to $3 billion against around $1 billion In each of the past three years. It said the majority of new Investment will be In domestic chemicals,
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    • 58 5 JOHANNESBURG, Mon. Union Corp has declared interim dividends for its gold mining companies in respect of the year ending Sept 30, 1977. They are Bracken Mines 13 cents (22 cents), Kinross Mines 12 cents (20 cents), Leslie Mines nil (nine cents), St Helena Gold Mines 60 cents (110
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    • 34 5 Reuter LONDON, Mon. The London Stock Exchange said It will conduct an Inquiry into dealings in Cavenham on March 18 the day Generale Occldentale said it would not proceed with Its bid. Reuter.
      Reuter  -  34 words
    • 186 5 US COMPANIES Reuter NEW YORK, Mon. A steady flow of discouraging earnings reports from US companies In first quarter 1977 can be expected starting next month Citibank said In Its March economic letter. The January-February winter weather reduced Industrial output in many parts of the country
      Reuter  -  186 words
    • 49 5 TOKYO, Mon. Kajima Corp plans to float a US$2O million bond In the Eurodollar market in or after April, a company spokesman said. It will be a straight bond of five to seven years, to be underwritten by a syndicate managed by Morgan Stanley International and Daiwa Securities.
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    • 148 5 Reuter COPENHAGEN, Mon. Burmelster and Wain said It wilt this year pay dividends of 15 per cent shareholders in the p-»ent company, 10 per cent for the shipyard and eight per cent for the motor division. These are the first payments since 1972. Director and chief shareholder,
      Reuter  -  148 words
    • 68 5 LONDON, Mon. Grand Metropolitan chairman, Mr. Maxwell Joseph, said results for the first three months of the current year have shown a satisfactory Increase in both turnover and profit. He told the annual meeting the company has every confidence It will be able to show further improvement In the
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    • 126 5 Reuter LUXEMBOURG, Mon. Acierles Reunies de Burbach Elch- Dudelange (Arbed) said it proposes not to pay a dividend for 1976 after 150 francs in 1975. Net 1976 loss was 1.3 billion francs compared with a loss of three billion francs last time. In a statement, Arbed said
      Reuter  -  126 words
    • 333 5 NYT NEW YORK, Mon. In a lengthy legal study of corporate bribery abroad, the Association pf the Bar of the City of New York has come out strongly against congressional efforts to make such payments a crime. The association, which Is often characterised as
      NYT  -  333 words
    • 726 5 FT LONDON, Mon. Against a background of difficult economic conditions in the UK 1976 has been a year of only modest expansion for Lloyds Bank. Nevertheless, Sir Eric Faulkner, chairman, reports a further satisfactory Increase In the number of customer accounts and good
      FT  -  726 words
    • 406 5 FT STOCKHOLM. Mon. The handsome Kr 599 million operating profit a gain of 20 per cent achieved last year by Skandlnavlska Enskllda Banken (SEB) was not enough to meet the triple aim of covering tax charges, paying shareholders a satisfactory dividend and maintaining the capital/ debt
      FT  -  406 words
    • 148 5 TOKYO, Mon. A spokesman for Nippon Chemical Condenser said the company and Union Carbide Corp (UCC) of the US agreed to begin negotiations on setting up a Joint venture in Japan to make solid tantalum capacitors. The spokesman was correcting his statement two days
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    • 43 5 TOKYO. Mon. Kawasaki Heavy Industries said It will build two 9,000-tonne type container carriers for Greyhound Leasing and Century of the US. It said the carriers, worth 9.2 billion yen, would run on the Europe-Mideast route after delivery by March, next year.
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    • 114 5 Reuter OSAKA, Mon. Unitika 6 resident, Mr. Shlnrokuro [odera, said the company may sell part of Its land securities holdings If necessary to offset the the effects of the slump In the textile industry. Speaking at a press conference, however, he denied a report in the
      Reuter  -  114 words
    • 111 5 Reuter NEW YORK, Mon. Chase Manhattan Bank had a total of US$ll.9B billion of International loans on its books which were subject to foreign country risk as of Dec 31, 1976. the bank reported in its annual report issued here. The report shows of this amount, $7
      Reuter  -  111 words
    • 349 5 Reuter CANBERRA, Mon. A meeting of Federal and State ministers concerned with company legislation agreed on a framework for a new approach to uniform Australla-wlde company laws, a Joint Federal/State statement issued after the meeting said. The ministers agreed to recommend the approach to
      Reuter  -  349 words
    • 1080 5  -  PINBALL AND SLOT MACHINES By SETH KING NYT UNLIKE the usual employee recreation room with Its rows of vending machines and a plngpong table, at the Bally Manufacturing Corporation here three walls are Jammed with clanging, cartoon-faced plnball machines and the fourth is lined with
      NYT  -  1,080 words
    • 231 5 PARIS, Mon. Compagnle Bancaire, the hire purchase and personal finance arm of the Pari baa group, is expecting group consolidated profits for 1976 to be up by 30 per cent on the previous year's Frs. 168 million. The Supervisory Board has approved a dividend of
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    • 93 5 LONDON, Mon. Alcan Aluminium said Its Alcan Aluminium Corp US subsidiary agreed In principle to buy Revere Copper and Brass Inc's aluminium reduction plant and aluminium sheet mill at Scotsboro, Alabama for around US$l4O million. This will Include the assumption of around $113 million of development
      93 words
    • 44 5 TORONTO. Mon. For the first quarter ended Jan 31, 1977, net profit at MasseyFerguson fell to Cs3.l million from $12.6 million on sales of $491.4 million comEred with $498.5 million st time. Earnings per share plunged to three cents from 63 cents previously.
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    • 714 5 FT LONDON, Mon. The first two months of 1977 have been In line with the final quarter of 1977 for Imperial Chemical Industries, the chairman, Sir Rowland Wright, said at a press conference on the annual report. He remarked that it was far too early
      FT  -  714 words
    • 577 5 FT LONDON, Mon. The increased profitability of the agrochemlcal, pharmaceutical, and scientific equipment divisions has enabled Fisons to push up its profits from £16.68 million to €18.64 million in 1976. These Increases have more than absorbed a reduction in profits from the fertiliser side,
      FT  -  577 words
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  • 2142 6 Gr'a Gr's Not 1*78/77 Lait div Div y'ld P/E Vol Day High Low Company Sale +OC- c'vr COOO) High Low SECTION ONE INDUSTRIALS 175* 133 Ac ma 142 12.ON 1.1 8.4 7.1 133 127 Acma A 129 +2 12.ON 1.1 9.3 6.5 3 129 129 206 172
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  • 1021 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 quoted after word "Sett". Big Board deals
    1,021 words
  • 1404 6 BID and offer prices officially listed and business In and reported to the Kuala Lurrpur Stock Exchange yesterday with number of shares traded shown in brackets In lots of 1.000 units unless otherwtse specified industrials Aetna (1.438). A. Tapa <0.***** (3) OSI AJinamata (l #2B> Alaam (2.008
    1,404 words
  • 118 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) (0.165) (1) 0.16. Inchcape (June 52.40) (o.lB'iS) (4) 0.18. 0.U.8. (June $3.50)
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  • 155 6 SINGAPORE UNIT TRUST (Manager'* price* for Mar IS) CHARTERED UNIT TRUST (Manager*' prices for Mar IS) INCOME BOND 1 10 1.16 The Saving Fund 0.91 0 96xd S pore Prof Fund 0.81 OK S'pore Security Fund 1 40 1 48 S'pore Invest Fund 1.05 1.11 ASIAN UNIT TRUST
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  • 162 6 B O T 8 1/2% 1981 (100,000) (1038 103 l «S) D B S 8 1/2% 1982 (100.000) (***** 1004S) DBS Converts 6 1/2% 1991 (100.000) (96*«8 9745) E I 89% 1982 (100.000) (103'«B 104S) E I B 8 1/2% 1983 (100.000) 100'«S) I B J 8 1/2%
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  • 112 6 5 1/2% 1/12/77 (1,000.000) (101.50B 101.65S) 5 1/2% 15/4/78 (1,000,000) (101.(JOB 101 75S) 5 1/4% 15/7/78 (1,000,000) (101.52B 101 59S) 6 1/2% 15/8/78 (1,000.000) (103.20B 103.38S) 5 1/2% 1/10/77-79 (1,000,000) (101.55B 101.65SM 1)101.60 5 1/4% 15/10/79 (1.000,000) (101.08B 101.18S) 6 3/4% 15/6/80 (1.000,000) (103 OOB) 6 3/4%
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  • Page 6 Advertisements
    • 237 6 ,;*:v r. *-\V-£v W J W?*-J fA A &b53 Is -:>>■ "M--*K 'A m ft x if.?.' r K i mmvMmtmmmmemm ll iSigi Wjjm% ipse ft. A fiSSW* Alex Josey has tong been an observer, recorder end commentator of the Singapore scene. In this new book, he examines and expleins
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  • 385 7 SHARE prices moved within narrow limits in very quiet trading and finished a shade lower at the Stock Exchange of Singapore yesterday. Hie market opened higher on some buying support but failed to sustain the steady trend in the face of selling activity during the
    385 words
  • 361 7 PRICES were mixed in selective trading on the Kuala Lumpur stock market yesterday. Turnover was on the low side. Opening a share better than last Friday's levels, prices slipped back on lack of follow-through support. While a few counters were singled out for some selling,
    361 words
  • 159 7 INCHCAPE and Co Ltd, the UK parent of locally listed Inchcape Bhd., Is expected to raise net attributable profit by 81.9 per cent to £31 million for the year ending March 31, 1977, according to Baring Sanwa Multinational. The profit Is before extraordinary items. In a statement accompanying
    159 words
  • 158 7 TASEK Cement has paid the "special penalty premium of M 5750,000 Imposed by the Perak State Government for building a $60 million extension to Its cement factory on agricultural land. However, the company says In a letter to the Kuala Lumpur Stock Exchange that the payment was
    158 words
  • 480 7 LIKE all shipyards, the era of strong profit growth at Far East-Levlngston Shipbuilding has apparently come to a grinding halt. For the year ended Dec 31, 1976 pre-tax profit at $12.4 million after expenses and depreciation of $3.1 million ($2.8 million) grew by only 9.7
    480 words
  • Latest results
    • 69 7 Estimated pre-tax profit M 51.43 million ($748,438) for the first six months ended Dec 31. 1976. Profit from estates $1.46 million ($642,905) after charging directors' fees and other administrative expenditure and expenditure on replanting and upkeep of Immature areas. Tax $635,000 ($340) leaving after-tax profit $791,504 ($408,438).
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    • 59 7 Unaudited pre- tax profit MS453.000 ($367,000) for year ended Dec. 31, 1976. Tax $240,000 ($147,000) and extraordinary gains $285,000 losses ($236,000) leaving net profit $498,000 ($16,000). Unappropriated profit from previous year $46,000 ($62,000) and transfer to investment reserve $285,000 (from $180,000) making $259,000 ($226,000) available for distribution. Final
      59 words
  • COMPANY MEETINGS
  • 242 7 CATHAY Pacific Airways has announced the appointment of Mr. Alex Wong Po Hang as administration manager, South-east Asia effective from March 15. He is currently asst passenger sales manager (systemwlde) based in Hongkong and will be stationed In Singapore when he takes up his new appointment. Mr.
    242 words
  • OVERSEAS MARKETS
    • 525 7 TOKVO: Share prices recovered moderately in tight-trading on renewed buying Interest In electrlcals, governmental Investment-related Issues and petroleums, after the weekend fall, dealers said on Monday. The Dow Jones average rose 7.45 to 4,962 00 with volume 120 million shares The New Index fell 0.47 to 374.35 After a
      525 words
    • 419 7 SYDNEY: The market closed mixed In subdued trading, with Melbourne closed for the Labour Day holiday, dealers said on Monday. Industrial leader BHP eased four cents to $6 50 and Woolworth*. TNT. the Wale*, Lend Lease and Amatil showed marginal losses The national rose six cents to $2.61 and
      419 words
    • 401 7 HONGKONG: Share prices fell again on continued lack of buying support and some margin selling In thin trading, dealers said on Monday The Hang Seng index dropped 3 66 point to 415.45. Jardine Matheson dropped 30 HK cents to $16 60, Swire Pacific and Hongkong land 15 cents each
      401 words
    • 171 7 MANILA: The market was generauy easier, on Monday, although turnover rose to 3 11 million pesos from Friday's 2 96 mln. dealers said Benguet Con B and San Miguel B were firm, but Aco)« Mining. Atlas Con A and B. Picop A. Phil Oversea*, Oriental A and Seafront were
      171 words
    • 9 7 Share price* for Bangkok yesterday were not available
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  • 518 7  -  By JOHN H. ALLAN NYT THE credit markets held remarkably steady last week In a stalemate that many analysts and portfolio managers said they expected to continue for a while. To some, the markets stability resulted from a balance of forces there
    NYT  -  518 words
  • 564 7 MALAYAN Tin Dredging and Southern Malayan Tin Dredging have Joined the ranks of tin companies reporting a high level of profit for the latter part of last year. Both companies have Just reported on the six months to Dec 31, 1976, and their figures show
    564 words
  • 414 7 Current Ex Date Total for Total for payment Date payable the year previous year M. Tobacco 35H Feb 7 Marl8 50* 40* Wilkinson Process 15* Mar 7 Mar 24 20* 39.1*a Idris Hyd 30% I Mar 25 00*1 71.5* Tan>ong Tin 13.3*1 Mar 25 20.7*1 30.9* A. Amalgamated
    414 words
  • Page 7 Advertisements
    • 177 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
      177 words

  • COMMODITY REPORTS AND PRICES
    • 326 8 OPENING prices were marked down fractionally In the Singapore rubber market yesterday, following easier London advices but later the market advanced on short-covering and speculative buying, with April traded at a high of 208.00 cents, dealers said. Profit-taking pared gains on small turnover towards the
      326 words
    • 30 8 Rubber: Mar M Singapore: April 207.25 eta (up 1.75 eta.) Malayaia: Apr. 210.25 eta <ud 1.50 eta) Tiii: 51,601 (up 18.00) Official offering: 254 tonnes (up 38 tonnea)
      30 words
    • 163 8 THE Straits tin price in Penang yesterday was up $8 to $1,601 on an official offering up 38 tonnes to 254 tonnes. In LONDON yesterday, tin gained mostly £55 per tonne in both contracts. Values were marked up initially reflecting the rise at Penang dealers said. Prices then
      163 words
    • 506 8 IN the Singapore gold market yesterday, the kllobar was traded in the range of 5i11,615 to 5i11,645. The loco London gold opened at U*****.40/145.80 and on small scale buying interest, was bldded up to U*****.00/146.40 before easing towards the close at U*****.75/146.00 The London morning fix was U*****.65 down
      506 words
    • 101 8 April May R.A.S. (Ciirmt Mtk) (Farward Mtk) Buyer* Seilar* Buyer* Seller* (cei ■taper kg) (cei it* per kg) SSR20 (1—ton Pallet) 1M 00 198 008 197 50 199 SON SSR50 (1-ton Pallet) 193 50 195 50N 195.00 197.OON M.R.E.L.B. SMR5CV (1-ton Pallet) 225 00 227 00N 228.00
      101 words
    • 72 8 LONDON, Mon. Copper wirebars rose by £7 per tonne for Cash and £7.50 for Three Months in the morning. The upward movement developed despite a low level of outside demand, dealers said. Three Months traded from £901 In the pre-market to £905 In the Ring before final trade on
      72 words
    • 90 8 LONDON. Mon. Silver rose by 2.1 to four pence per troy ounce In the morning. The market appeared to ignore the lower gold fix and prices advanced under covering and new buying prompted by gains at New York Friday and higher base metals, dealers said. The bullion dealers fix
      90 words
    • 160 8 LONDON, Mon. Robusta futures were quietly traded during the opening call with good mixed commission house, trade and local dealer activity. At end-call values were unchanged to £28 per tonne down from Friday's close. Volume was 335 lots and the tone "steady." unchanged from w.. I, 9 C,OM £3,788
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    • 133 8 LONDON, Mon. Terminal opened steady on trade buying in a rather thin market. At the end of the call, values were £0.15 to £0.55 per tonne up. Sales were 245 lots. Futures advanced by up to a further £2.25 on continued trade buying which touched off speculative buying and
      133 words
    • 63 8 LONDON, Mon. Lead Slned £4.50 per tonne (or sh and £3.75 for Three Months In the morning. Values picked up In the pre-market In sympathy with the trend In copper with upto £422 per tonne paid for Three Months. Profit-taking later took the position back to £419 50 in
      63 words
    • 127 8 CHINESE PRODUCE EXCHANOE, SINGAPORE NOON CLOSINO PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk 1105 sellers. old drum SI 10 sellers. new drum II IS tellers Copra Mixed (loose) UK/Cont SM buyers Pepper: Muntok ASTA white f.o.b. 100* NLW *377* sellers. Sarawak white f o b. 90S NLW BJS7*
      127 words
    • 219 8 BANGKOK, Mon. Indicative prices quoted for rice were: US dollars per tonne fob basis Bangkok White Rice 100 per cent Ist class 282 100 per cent 2nd class 277 100 per cent 3rd class 272 S per cent 262 10 per cent 242 IS per cent 230 20 per
      219 words
    • 986 8 AP LONDON, Mon. The traditional British "cuppa," cup of tea, will double In price by this summer on the heels of soaring coffee prices, tea dealers are saying here. One of the reasons for the expected price rise, dealers
      AP  -  986 words
    • 70 8 LONDON, Mon. Zinc finished with gains of £1 for Cash and £2 for Three Months in the morning. Values were steady although any significant advance was restrained by a fairly substantial rise in warehouse stocks which was not generally anticipated dealers said. Three Months traded In the Ring £438
      70 words
  • MONEY AND EXCHANGES
    • 578 8 SINGAPORE'S domestic money market saw active trading yesterday when Interest rates for the shortdates and Che term deposit funds took strong rallies. Opening wide at 4 > per cent to four per cent, the overnight funds were traded around those levels as the large borrowers, namely the American banks,
      578 words
    • 157 8 Asian rates Asian currency deposit Interbank rates u at clow on March 14 US Dollars (Spot) Offer BU 7 days 4 7/8 4 3/4 1 mth 413/16 2 mths 51/16 415/16 3 mths 5 3/18 51/16 6 mths 5 5/8 51/2 9 mths 5 7/8 5 3/4 12 mths «i/s
      157 words
    • 42 8 RANOE of prices offered br dls count house on March 14 Overnight 3S Call deposit 3% i h 3-Month Treasury Mils 3 >7/1 3-M0Mft Banks Mill 4 37/> 3-Month* CD 41/4 41/1 •-Months CD 41/3 4 5/16 Source: National Discount Co
      42 words
    • 51 8 Minimum lending rates (in ACBC First Chicago 6* Algemene Bank Citibank 6*. Bangkok Bank Bank of America .7 HSBC 7 Indosuez 6% Bank of China ..7 Malayan Banking Bank of Tokyo Mitsui Bank Bank Negara OCBC 6*1 Indonesia .7 OUB Chartered Bank UCB 7 Chase Manhattan UMBC .7 DBS ew
      51 words
    • 281 8 LONDON, Mon, The dollar was marked down In moderate early trading following a recomendatlon from the US Congressional Joint Economic Committee that Japan and West Germany allow their currencies to appreicate dealers said. The yen moved to an early 281.25/35 to the dollar from Friday's late 281.90/ 282.00 with
      281 words
    • 143 8 TOKYO, Mon. The yen rose sharpl), with the US dollar for overnight delivery closing at 281.25 yen compared with i 82.10 at the opening and 282.15 t st Friday. following the US Congressional Joint Economic Committee's recommendations that the external value of the yen and the mark should be
      143 words
    • 150 8 HONGKONG, Mon. The mark and the yen closed above their New York closes here, on news that the US Joint Economic Commission recommended West Germany and Japan stimulate their economies and allow their exchange rates to appreciate, dealers said. The mark closed at 2.3920/30 against the US dollar from
      150 words
    • 50 8 AUSTRALIA/ NZ exchanges quoted on March 14 Australia: Sterling 0.6425/0.6354 US dollars 1.1006/1.0958 Ninety-day air mall buying rates: Sterling 0.6665 U8 dollars 1.1256 Ninety-day forward buying rates: Sterling 0.6489 US dollßrs 1.0922 NEW Ll. vLAND: Sterling 0.5577/0 5546 US dollars 0.9629/0.9529 Ninety-day forward rate: Sterling 0.9815 US dollars 0.5884
      50 words
    • 167 8 Euro rates LONDON, Mon. Eurodollar deposits opened unchanged apart from One Month, which was easier. The recent quiet trend continued, dealers said. The initial loss In One Month reflected the loss of a Friday end of period but some lesser name Interest in One and Two Months saw these rates
      167 words
    • 45 8 FRANKFURT exchanges opening quotes on March 14 US 2.3912/ 27 (2.3945/ 55) Can 2.2800/ 20 UK 4.105/ 120 Neth 95.85/ 96.00 Swltz 93.62/ 77 Italy 2.709/ 715 France 47.90/ 48.00 Norw 45.51/ 57 Belg Com 6.495/ 510 Belg Fin 6.49/ 51 Japan 0.8498/ 8505
      45 words
    • 353 8 LONDON. Mon. Straight bond prices were basically unchanged in a dull start to the week's trading, dealers said. The three part EIB Issue amounting to $150 million is due for finalising today and is expected to start trading in the secondary sector as soon as allotments are complete.
      353 words
    • 65 8 KUALA LUMPUR, Mon. The average discount rate on 91-day Malaysian treasury bills rose to 3.108 per cent at the latest tender from 3.104 per cent last week, Bank Negara said It said applications totalled $108.55 million for the <60 million of bills on offer. The Bank said
      65 words
  • Page 8 Advertisements
    • 469 8 Southeast Asia has as many faces as there are eyes in a peacodc'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
      469 words

  • TRANSPORT and COMMUNICATIONS
    • 629 9  -  By TEIJI SHIMIZU UPI MORE THAN five years have elapsed since construction of Tokyo's second International airport was completed at a cost of US$733 million (551.795.8 million), but aprons capable of parking 100 Jumbo Jets simultaneously are still isolated. And
      UPI  -  629 words
    • Article, Illustration
      472 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Adhlguna Dharma (HOSK) (after Eastern Poseidon) 25'26 Bristol Maru (JKJO) (0600) 13/14 Hudson Maru (JEHF) (0500) 46 Izumi Maru (JFSW) (0700 after Wonosobo Golden Haven) 8/9 Kawachi Maru (JGDN) (1700 after Straat Chatham) 31/32 Nikkei Maru No. 1 (JDGX) (Clinker) (0700 after Golden
      472 words
    • 1080 9  -  By ROBERT McDONALD Financial Times News- Features ALMOST five kilometres off the Italian port of Otranto, at the entrance to the Adriatic Sea, lies the hulk of the Yugoslav freighter Cavtat. On board are 909 drums full of lethal chemicals.
      Financial Times News- Features  -  1,080 words
    • 33 9 KUWAIT, Mon. The Kuwait Government said It has approved plans by the state-owned Kuwait Airways Corporation to acquire a fleet of Boeing 747 jumbo Jets. It gave no other details.
      33 words
    • 546 9 ARRIVALS Service Local Operator Number Time From :AL CI 331 0040 TPE/HKG/KUL rMA TL303B 0215 BEY/BOM/KUL VI AS MH682 0810 KCH JAL JL712 1000 HLP 3IA SQ211 1010 HLP 3IA OA 980 1030 HLP GIA GA908 1100 MES SAS SK971 1130 CPH/BKK RBA BI325 1155 BWN SIA
      546 words
    • 557 9 Reuter LONDON, Mon. While Western Europe and Japan argue over how to share out the dwindling world market for new ships, developing countries are extending their own shipbuilding capacity. Shipping experts here believe the emergence of Third World shipyards as a major source of competition will
      Reuter  -  557 words
  • Page 9 Advertisements
    • 301 9 i r 1 $125/TIMES DISTRIBUTORS SDN. BHD., MAIL ORDER DIVISION, TIMES HOUSE, RIVER VALLEY ROAD. SINGAPORE 9. Pleat* tend me copy/copiM o» THE TIMES ATLAS OF CHINA. I encloeo Cheque/Money Order for poet f*e*. ADDRESS while stocks last! THE TIMES ATLAS of CHINA The Times Atlas of China is far
      301 words

  • 1479 10  -  By Clyde Fornsworth NYT IN THE hlgh-celllnged committee chamber he sits alone at a big table, briefcase filled with charts and graphs to one side, pipe and paraphernalia to the other. His dark blue, ultra-conser-vative suit brings out the salt
    NYT  -  1,479 words
  • 781 10  -  By Rommel Corro AP DESPITE the growing tension generated by rumours that separatist Muslim rebels might launch an attack on this southern port city, foreign tourists seem undisturbed in their search for the sea, sun and sand. Hie city's tourism office
    AP  -  781 words
  • 1500 10  -  By K.K. Shorma Financial Times News-Features "WORK HARD, talk less" Is the message carried by posters that have proliferated In India since the state of emergency was clamped on the country In June, 1975. Those who felt themselves exempt from this
    Financial Times News-Features  -  1,500 words
  • Page 10 Advertisements
    • 497 10 THE DEBT t|g£ TRAP HOW TO SURVIVE N THE SLUMP Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their
      497 words

  • 144 11 UPI SEOUL, Mon. Saudi Arabl has agreed In principle to award a US$l5O million (Ss36B million) contract to South Korea for an electrification project to be undertaken In the Middle East country this year, a Joint communique said today. The communique was Issued at the
    UPI  -  144 words
  • 124 11 Reuter MANILA, Mon. Finance Secretary Cesar Virata said Saudi Arabia granted the Philippine government a US$l9.5 million (SS4B million) loan to help finance Its electrification project in Cotabato In the south of the country, but gave no further details. The Philippines and the Kuwait fund
    Reuter  -  124 words
  • 121 11 Reuter MANILA. Mon. The Philippines Department of Trade said It is drawing up a four-year programme of trade and investment with Canada which It hopes will generate about US$429 million (Ssl billion). About 21 potential Philippine exports have been identified for Canada, including garments,
    Reuter  -  121 words
  • 85 11 Reuter CANBERRA, Mon. A delegation of EEC Commission officials arrived here today for two days of informal talks with the Australian Government beginning tomorrow, a Foreign Affairs Department spokesman said. The seven-man team, led by the Commission's Deputy External Relations Director J.H. Loeff, will
    Reuter  -  85 words
  • 137 11 A NEW pattern of tea consumption ia emerging among the younger generation all over the world including South-east Asian countries. This is the view of Mr. Samuel H.G. Twining (above), export director of R. Twining Company of Britain, who is on a four-day visit
    137 words
  • 125 11 Reuter TOKYO, Mon. Prime Minister Takeo Fukuda said he will watch the effects of last Friday's decision to cut bank rate to six per cent from 6.5 per cent, but "this does not mean the new rate should be maintained at all costs." Mr. Fukuda
    Reuter  -  125 words
  • 104 11 Reuter MANILA, Mon. The Philippines lumber and timber Industry can look forward to brighter prospects because of apparent economic recovery In construction industries in the United States and Japan, according to a board of Investments study published here. There are also signs of Increasing demand In Europe.
    Reuter  -  104 words
  • 76 11 UPI DAMASCUS, Mon. Syria's President Hafez Assad will visit Moscow early In April at the Invitation of the Soviet leaders, well informed sources said yesterday. It was believed In Damascus that Mr. Assad's visit to Moscow will coincide with a visit to Washington by Egypt's President Anwar
    UPI  -  76 words
  • 808 11 FINANCIAL TIMES "PEKING'S going to profit from the Opec oil price rise, you'll see'' said one Chinawatcher last December. Sure enough, it has. The Chinese have been able to raise their oil prices to Japan by nearly seven per cent, and If all the contracts
    FINANCIAL TIMES  -  808 words
  • 598 11 NYT UNITED NATIONS, Mon. Twelve Westerners who visited Vietnam almost two years after the end or the war report that agricultural recovery Is progressing although rice continues In both par»o of the united Vietnam. They were struck also by the communist Government's efforts to attract more
    NYT  -  598 words
  • 367 11 Reuter CAIRO, Mon. The Palestine National Council (PNC), meets here today, faced with a confrontation between moderates and hard-liners opposed to any peaceful settlement of the Middle East conflict. The PNC, supreme body of the Palestine Liberation Organisation, convened here over the weekend for
    Reuter  -  367 words
  • 416 11 Reuter NEW YORK, Mon. British Prime Minister James Callaghan said yesterday Britain plans "new steps" to move its former colony of Rhodesia toward black majority rule. Mr. Callaghan, while declining to describe the steps before he has reported to the House of Commons,
    Reuter  -  416 words
  • 270 11 PETALING JAYA, Mon. Malaysia's claim for compensation for the oil spill caused by the Japanese supertanker Showa Maru Is in the final stage of settlement. the Minister of Science. Technology and Environment Tan Sri Ong Kee Hui. said today. He said that they were only not
    270 words
  • 319 11 UPI TOKYO. Mon. Prime Minister Takeo Fukuda said over the weekend he will discuss peaceful uses of nuclear energy and the responsibility of Japan and the United States towards the world economy during his summit talks with President Jimmy Carter on March 21-22. But Mr.
    UPI  -  319 words
  • 286 11 AP WASHINGTON, Mon. Population control programmes in which the United States has Invested millions of dollars have been ineffective In reducing birth rates In Pakistan and the Philippines. But similar US foreign aid programmes appear to be working In Indonesia, according to staff
    AP  -  286 words
  • 311 11 Reuter WASHINGTON, Mon. The Democratic majority of the Congressional Joint Economic Committee (JEC) has recommended the Council on wage and Price Stability be given power to require pre-notlflcatlon of price Increases. In Its annual report, the JEC also urges additional tax cuts In
    Reuter  -  311 words
  • 58 11 Reuter SYDNEY. Mon. The Australia-Singapore and West Malaysia and Australia Indonesia Outward Shipping conferences said they lowered their new currency adjustment factor, effective today, to 7.83 per cent from an originally-proposed 8.49 per cent. The adjustment followed consultations with the Australian Shippers Council. the conferences said.
    Reuter  -  58 words
  • 574 11 Reuter HONGKONG, Mon. A Chinese-language newspaper here today published extracts from reports It said had been passed between Chinese Communist Party chairman Hua Kuo-feng and former Vice-Premier Teng Hslao-plng regarding his possible re-lnstatement. The respected dally, Ming Pao, said It received Its Information from
    Reuter  -  574 words
  • 203 11 UPI WASHINGTON. Mon. A Presidential delegation began Its trip to Hanoi, Laos and possibly Cambodia over the weekend with Mr. Leonard Woodcock saying he was "optimistic" about the mission seeking Information on Americans missing in South-east Asia. The United Auto Workers leader said members of
    UPI  -  203 words
  • Page 11 Advertisements
    • 560 11 APPOINTMENTS Factory Manager International Food Group requires Factory Manager for their Factory located at 9V< m.s. Bukit Timah S'pore. Applicants preferably be Singapore citizens with at least 5 years experience in a similar capacity in the Food Industry. A formal qualification in either Food Technology or Chemistry will be a
      560 words
    • 110 11 TRADING DIVISION OF INTERNATIONAL GROUP requires IMPORT/EXPORT EXECUTIVE Requirements a) Must be Singapore Citizen b) Wide experience in Timber Market including grading, shipping, import/export etc. c) Ability to work independently d) Good command of English/Bahasa, written and spoken Remuneration Commensurate with experience and qualifications, with incentives for performance. Please submit
      110 words

  • 252 12 VOSPER Thornycroft Singapore, with total contracts won late last year and this year standing at $106 million, Is credited with much of the Vosper Thornycroft group's record profit in 1976. The group made $27.5 million In pre-tax profit, a 36 per cent
    252 words
  • 109 12 KUALA LUMPUR, Mon. A symposium on Asean cooperation in Industrial projects will be held at the University of Malaya here on April 11. The symposium will, among other things, discuss the potential of Asean as a region for generating selfsustained growth of large and medium
    109 words
  • 534 12 5,000 TROOPS ARE INVOLVED PADANQ BESAR, Mon. About five thousand Malaysian and Thai troops are taking part In a massive hunt for a band of between 200 and 250 communist terrorists believed to be regrouping In a new camp around Sadao along the
    534 words
  • 658 12 Reuter NEW DELHI, Mon. India's two-month-long election campaign comes to a close over most of the country today with leaders of both the ruling Congress Party and the opposition claiming victory is for their side. But most political analysts predict a close result
    Reuter  -  658 words
  • 806 12 LONDON, Mon. The stock market closed firm In light to moderate trading and at 3.00 pm the Financial Times Index was up 9.7 at 425.5. Government bonds were a firm feature throughout much of the day on optimism about an improvement In the trade figures and relntroductlon on
    806 words
  • 469 12 Reuter NEW YORK, Mon. There are signs that the world can expect steady improvement in its economic picture despite fears of inflation, Newsweek International reports. In its latest Issue the magazine reports on its latest quarterly economic forecast, conducted in cooperation with the
    Reuter  -  469 words
  • 390 12 KUALA LUMPUR, Mon. Datuk Hussein Onn has expressed the hope that private companies Involved in the development of Malaysia would follow the "spirit" shown by Sabah Shell Petroleum Co. The Prime Minister made this remark In his message In connection with the official
    390 words
  • 341 12 UPI MANILA. Mob. The Commission on Elections •aid today that four factfinding committee! will be sent to the southern Philippines to determine whether there ia any huii for postponement of a plebiscite which would establish an autonomous Muslim region. The plebiscite,
    UPI  -  341 words
  • 139 12 KUALA LUMPUR, Mon. Malaysia's plywood export to Australia has been seriously affected by the Australian government's decision to Impose additional tariff restrictions on imported plywood. In stating this today, the Federation of Malaya Timber Exporters' Association (FMTEA) warned that the Industries Commission of Australia
    139 words
  • 52 12 THE Foreign Minister of West Germany, Mr. Hans Dietrich Genscher Is due on April 28 for a two-day visit at the Invitation of Singapore's Foreign Minister, Mr. S. Rajaratnam. Mr. Genscher who will be accompanied by Mrs. Genscher, will be leading a party of officials, Journalists and an
    52 words
  • 275 12 UPI SEOUL, Mon. South Korea plans to reclaim operational control over Its armed forces from the United Nations Command now that the United States has made clear Its plan to reduce US forces In Korea, a Seoul newspaper said today. The Joongang Ilbo,
    UPI  -  275 words
  • PARLIAMENT
    • 743 12 REAL Income has been eroded by 2.1 per cent In the past four years despite successive National Wages Council (NWC) pay Increases. With supporting figures and statistics to back him up, the MP for Marine Parade, Mr. Ooh Chok Tong, yesterday
      743 words
    • 576 12  -  By QUEK PECK LIM, JOHN TAN THE Asean accords, both bilateral and multilateral, will not affect Singapore's growth predictions for the current fiscal year, Finance Minister Hon Sul Sen said yesterday In Parliament. Mr. Hon was replying to comments from the
      576 words
    • 142 12 THE Finance Minister, Mr. Hon Sui Sen, revealed yesterday that in the last five years of its operation, Singapore Pools the company that runs the toto lottery in Singapore has made net profits in excess of $34 million. For the last three financial years, profits have
      142 words
    • 236 12 AN MP yesterday noted that a parliamentary opposition is irrelevant for our continued development. Mr. J. F. Concelcao, Member for Katong, told the House during the debate on the Government's financial policy, that continuous economic development would not have been possible without the harmonious relationship between
      236 words
  • Page 12 Advertisements
    • 0 12 ]!`/}%"?-%*(+;(~-/=(?&,-~.<%."'
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    • 188 12 ALL BIFOCAL WEARERS! If your vision is restricted like this... The view through the segment is limited, like looking through a knothole SEE MORE WITH THE EXECUTIVE BIFOCAL It provides an unlimited field of vision because the bifocal segment stretches all the way across the lower portion of the lens.
      188 words