The Business Times, 19 March 1977

Microfilm: NL9063
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, MARCH 19, 1977 50CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Charting the Straits
      59 1 Reuter TOKYO, Fri. Experts from Japan, Malaysia, Singapore and Indonesia will meet here next week to discuss Japanese co-operation In producing a unified chart of the waterway, a Foreign Ministry spokesman said today. The five-day meeting from next Tuesday will also discuss Japanese technical co-operation in surveying
      Reuter  -  59 words
    • Article
      Lock icon Red base captured
      62 1 Reuter PADANG BESAR, Fri. Thai troops fighting together with Malaysian forces In Joint operations against communist guerillas In Southern Thailand today captured a third communist forward base, it was announced here. The Thai Deputy Defence Minister, General Lek Naewhalee, who visited the Malaysian task force headquarters here
      Reuter  -  62 words
    • Article
      Lock icon Car sale forecast
      81 1 Reuter TOKYO, Fri. World demand for Japanese motor vehicles In fiscal 1977 beginning next month will rise four per cent to a record 8.31 million units from the eight million estimated for the current fiscal year, the Japanese Automobile Manufacturers Association forecast. The total will comprise 4.48
      Reuter  -  81 words
    • Article
      Lock icon India poll resumes
      74 1 AP NEW DELHI, Fri. India's national election resumed today after a one-day break as some 30 million voters in three states went to the polls to decide the fate of Prime Minister Indira Gandhi's 11-year-old Government. At stake in Friday's balloting were 65 parliamentary seats in the
      AP  -  74 words
    • Article
      Lock icon 10 million on strike
      73 1 AP ROME, Fri. Ten million Italians who work in factories, farms and state offices went on strike today to demand government measures to protect their jobs and wage levels. The strike was most effective among industrial workers, who walked out everywhere but in Rome for four
      AP  -  73 words
    • Article
      Lock icon Handover of remains
      48 1 AP BANGKOK, Fri. Vietnam today handed over the remains of 12 American pilots, who were killed during the war, to a special US presidential commission winding up a three-day visit to Hanoi, diplomatic sources in touch with the Vietnamese capital said. AP. SEE BACK PAGE
      AP  -  48 words
    • Article
      Lock icon Libyans on Fiat board
      37 1 AP TURIN, Fri. Two representatives of the Libyan Arab Bank have taken their place on the Fiat Holding company's administrative council as part of Libya's US$4l5 million (SSI billion) investment in Fiat. AP
      AP  -  37 words
    • Article
      Lock icon Dow Jones
      44 1 UPI NEW YORK, Fri. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 963.35, down 1.49; 20 transp 231.84, up 1.95; 15 utils 107.39, up 0.03; 65 stocks 315.35, up 0.37 UPI
      UPI  -  44 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      179 1 SELLING pressure at the Stock Exchange of Singapore increased yesterday, with relatively heavier losses seen among shares. On the option board, trading was quiet but most premiums finished a shade higher. Reflecting the easier trend, the Business Times index fell 2.59 points to 253.57 while the Straits
      179 words
    • Article
      In Kuala Lumpur
      112 1 Falls Most octive M. Banking $5.90 -20 Haw Par 190,000 f»pn#»n»l I.umlv>r 94 000 Roxy Sg Best $1.70 SI.70 -.15 -07 Cons. Plantations 64,000 DBS $3.66 -06 Slme Darby 60,000 D. Keramat $6 05 05 Total Turnover: 1.07 M I.M Text $0 25 05 Total Value: M$2.13
      112 words
  • Article
    Haw Par to buy up preference shares
    817 1  -  HPL DEAL WILL COST $9.2 mil Br QUEK PECK LIM HAW Par Brothers International is to acquire all the convertible redeemable guaranteed preference shares of its wholly-owned subsidiary, Haw Par London (HPL), in a deal which will cost the company slightly more than
    817 words
  • Article
    CABINET 'NO' TO AN APPEALS BOARD
    175 1 KUALA LUMPUR, Fri. The Cabinet Committee on Investment has rejected the request that It should set up an appeals body to hear grievances stemming from decisions under the Industrial Co-ordination Act; Instead it has proposed the establishment of a committee, the advice of which
    175 words
  • Article
    Investments in KL take a plunge
    491 1 KUALA LUMPUR. Fri. Manufacturing Investment In Malaysia is currently running at well below 40 per cent of the targets of the Third Malaysia Plan, according to official figures. The performance Is more gloomy because the economy Is supposed to be picking up after the
    491 words
  • Article
    Straits tin
    26 1 KUALA LUMPUR, Frl. The Straits Tin price In Penang dropped Msl2 per plcul to $1,620, $295 above the International Tin Agreement celling, dealers said.
    26 words
  • Article
    Trustees ask for $26 mil more from govt
    122 1 TRUSTEES of the famous Alsagoff estate, acquired for a total of $2.8 million in 1971, are demanding $26.6 million more from the Government. This was told to the Appeals Board (Land Acquisition) yesterday at the first day's hearing of three appeals arising
    122 words
  • Article
    Lock icon Rubber: FEFC hails move by Musa
    451 1 Reuter KUALA LUMPUR, Frl. The Far Eastern Freight Conference (FEFC) said It welcomed this week's directive by Primary Industries Minister Datuk Musa Hltam requiring the Malaysian Rubber Exchange and Licensing Board to negotiate withdrawal of rubber from the FEFC general freight tariff. FEFC Malaysian
    Reuter  -  451 words
  • Article
    DBS seeking investors for Raffles project
    366 1 DEVELOPMENT Bank of Singapore (DBS) ia believed (o have approached a number of private inveatora, including foreign Anna, to participate in the proposed 1540 million Raffle* International Centre project. The development, which would be Singapore'a largeat and coatlieat privately financed project, ia expected to
    366 words
  • Article
    Lock icon Big jump in US consumer price index in Feb
    337 1 UPI WASHINGTON, Fri. Consumer price* in the United States leapt one per cent in February, the biggest monthly surge of inflation in nearly 2'4 years, the Labour Department reported today. The increase, reflecting a 12 per cent annual rate reminiscent of
    UPI  -  337 words
  • Article
    Lock icon 11 names for offshore banking
    425 1 Reuter MANILA, Fri. The Philippines Monetary Board tonight announced the names of 11 foreign banks given preliminary approval to start the first offshore banking operations In the country. Additional two American owned banks are among nine Institutions operating domestically that will be allowed to operate
    Reuter  -  425 words
  • Article
    Two new options series for bank
    224 1 THE Stock Exchange of Singapore (SES) has set another two new options series for Development Bank of Singapore for trading on Monday. The two new series are for June and September expiry, and the striking price for both has been set at 53.60 which
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      59 1 hnr lour Hcst Selected (iems. Fine-Cut Diamonds cS h.xquisttt Jewellerx a! Magniju i nt Craftsmanship i Visit CeylotiJeweUers 16 Stamford Nd.. Sinwon 0. T«t: *****8/*****7. SEE BACK PAGE Overseas stocks P2 Commodities Transport A ComP3 muni cations P4 Features P5 Local P6 Overseas news Market reviews/ TV Radio Overseas newi/
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    • Advertisement
      Page 1 Advertisements Column 2
      101 1 The New Magnificent PEUGEOT 604 r\ cM Peugeot's new 2.6 litre saloon car has extra inches inside not outside. The six-cylinder engine combines power with (lexibility and the safety of swift acceleration with unusual driving ease ?nd pleasure. True comfort with key features like electrically operated windows, ventilation roof and
      101 words
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      Page 1 Advertisements Column 3
      270 1 :;;!=)['.%@|:[!+|)[\\_:^<-}:>&! Which bank delivers you a whole world of financial knowledge? We do. Bank of America. When it comes to finance, we are there our money centers and branches around the globe keep us in constant daily touch with fluctuations in all major currencies. We have the expertise based on
      270 words
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  • MARKET REVIEWS
    • Article
      Lock icon SYDNEY
      258 2 Reuter SHARE prices held firm in most sectors of the Sydney Stock Exchange this week. However, the low turnover suggested that Institutional buyers were continuing to sit on the sidelines, observers said. The latest batch of corporate reports gave an added boost to the market, but almost all the
      Reuter  -  258 words
    • Article
      Company news for the week ended Mar 18
      389 2  -  fey RONALD LAM CAPITAL RECONSTRUCTION SCRIP ISSUE. BerjunUi Tin Dredging is proposing to reconstruct the nominal value of Its ordinary share from M 52.50 Into MSI. The company is to subdivided its M 52.50 share into 50 cents each followed by a
      389 words
    • Article
      IS IT ALL TOO GOOD TO LAST?
      465 2  -  LONDON By IVAN FALLON GROWING peace hopes at strike-torn British Leyland and expectations of more cuts In Interest rates provided welcome spurs to demand for equities and giltedged stocks In London this Not that shares or gilts had been doing too badly In
      465 words
    • Article
      Sharper and sharper losses for the week
      684 2 SINGAPORE IT was another bad week for I investors at the Stock Ex- i change of Singapore this week. With buyers generally still preferring to stay on i the sidelines, share prices i went on the slide for most of tiie week With
      684 words
    • Article
      Rowland is new chief of Suits
      310 2 •TINY' ROWLAND has again been snatching the headlines with Lonrho's out-of-the-blue purchase of a 24 per cent stake In Scottish and Universal Investments. Suits' boss Sir Hugh Fraser, is stepping down as chairman, with the Job going to Mr. Rowland. At 95 pence a
      310 words
    • Article
      Meat group in bid for FMC
      218 2 A TAKEOVER bid for FMC has been expected in the city for several months, and it duly arrived on Monday from meat group, Thomas Borthwick. The only surprising element of the deal was that Borthwick went ahead with its offer after failing to obtain
      218 words
    • Article
      Healey forecasts inflation drop
      235 2 ON THE economic front, Chancellor Healey has been trying to Inject some guarded cheer in the run-up to his budget. In a decidedly guarded, but mildly optimistic speech, he predicted that the Inflation rate in Britain should drop to about 13 per cent by the end
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    • Article
      Lock icon $167 bil — that's what US has to raise
      193 2 $167 bil that's what US has to raise Reuter WASHINGTON, Fri. Treasury Secretary Michael Blumenthal said the budget deficit of about US$6B billion (SI 166.6 billion) in fiscal 1977 combined with off-bud get financing means the Treasury will have to raise about $73 billion (Ssl67 billion) of net cash in
      Reuter  -  193 words
    • Article
      Lock icon NO PLANS TO CUT RATE FURTHER
      145 2 Reuter TOKYO. Fri. Bank of Japan governor Teiickiro Mori nag a told a press conference he has no plan at present to lower bank rate ■gain, following last week's cut to six per cent from 6.5 per cent. Mr. Morinaga had been asked to
      Reuter  -  145 words
    • Article
      Nothing to liven up the week
      532 2 KL THE Kuala Lumpur Stock Exchange went through another listless week over the past five trading days. There were a few bullish spots but these were hardly enough to bring any life to a market which had apparently lost Its attraction to both bulls
      532 words
    • Article
      Lock icon Revival of interest in supersonic transport
      416 2 UPI WASHINGTON, Frl. Six years ago, Congress took three letters SST out of the US government's aerospace programme. Today they are on the way back In. In an almost unnoticed action while passing a US$4 billion (Ss9.B billion) authorisation Bill for the National Aeronautic
      UPI  -  416 words
    • Article
      Lock icon Shipbuilders in US still keen on navy work
      351 2 Reuter WASHINGTON,. Frl. An admiral said yesterday US shipbuilders have a list of complaints about the military shipbuilding programme but still are eager to bid for navy work. Admiral F.M. Mlchaells. chief of navy material, said the navy was responded by writing
      Reuter  -  351 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      491 2 THE DEBT tj|r TRAP to M» 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. I This book is about the efforts of poor nations to gain some control over their own economies and
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      332 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on March 18 at Singapore airport. Mmimum Temperature Associated Humidity Minimum Temperature Associated Humidity Hours of Sunshine Rainfall in Millimetres Total Rainfall for the Month Total Rainy Days for the Month 1 0 TV SINGAPORE 5 12.45 P.M. Opening
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  • OVERSEAS
    • Article
      Lock icon North Sea oil will be Britain's saviour
      563 3 OECD: SOME 'BAD' NEWS BUT Reuter PARIS, Frl. The UK faces another year of rising unemployment, double digit inflation ai.d falling real disposable Incomes but prospects over the medium term could be much better, the Organisation for Economic Co-operation and Development said in
      Reuter  -  563 words
    • Article
      Lock icon Dramatic slimming down of Canadian industries a must
      269 3 Reuter NEW YORK, Frl. Canada eventually will have to "slim down its manufacturing sector by mergers, shutdowns or a go-vernment-sponsored reorganisation, Business Week magazine predicts. In Its current issue, the magazine says in a cover story that Canadian inflation rates have virtually
      Reuter  -  269 words
    • Article
      Lock icon Further rise of yen is justified
      95 3 Reuter DUESSELDORF, Frl. Further appreciation of the yen during the first half of 1971 is lustlfled on fundamental grounds but the Bank of Japan will probably act to keep the rise within narrow limits, Westdeutsche Landesbank Girozentrale said. It said a further rise of
      Reuter  -  95 words
    • Article
      Lock icon Lanka visit
      25 3 Reuter COLOMBO. Fri. Cambodia's Deputy Prime Minister in charge of foreign affairs, leng Sary, arrived here yesterday, for a four-day goodwill visit. Reuter
      Reuter  -  25 words
    • Article
      Lock icon Bleak energy outlook for West Europe
      551 3 UPI WASHINGTON, Frl. Western Europe is falling short of Its energy goals and faces "bleak" conditions because of growing opposition to nuclear power and coal being so costly It cannot be sold, the Energy Commissioner of the European Economic Community said yesterday. The Commissioner,
      UPI  -  551 words
    • Article
      Lock icon Poverty? $30 bil a year may do the trick
      368 3 UPI WASHINGTON, Frl. There is a "realistic possibility" of ending the worst aspects of world poverty within the next quarter century, the chairman of the Overseas Development Council said yesterday. Father Theodore Hesburgh said an Investment of US$l2 billion (SS3O billion)
      UPI  -  368 words
    • Article
      Lock icon US recovery may not be self-sustaining
      273 3 Reuter WASHINGTON, Frl. US Treasury Secretary Michael Blumenthal said there are signs of renewed economic strength but he added the recovery does not appear to be self-sustaining. Mr. Blumenthal, testifying before the Senate Budget Committee, said the severe weather conditions In the eastern US
      Reuter  -  273 words
    • Article
      Lock icon Italy IMF loan: Just one snag
      166 3 Reuter ROME, Frl. A draft of Italy's letter of intent to back its request for further IMF credit Is virtually complete but the Government still has to agree with unions over labour costs before it can submit Its request. Italian official sources said. Prime
      Reuter  -  166 words
    • Article
      Lock icon Clashes
      30 3 Reuter COLOMBO. Frl. Sri Lanka said yesterday that clashes could break out between Sri Lankan and Indian fishermen if Indian boats continued poaching in Sri Lanka's northern waters. Reuter.
      Reuter  -  30 words
    • Article
      Lock icon 'Another oil ban won't hit us'
      79 3 Reuter CLINTON. (Massachusetts), Frl. President Carter said if there is another Arab oil embargo, the US could survive on Its own energy sources, but other countries would suffer considerably. He noted Japan depends on West Asian oil producers for 98 per cent of Its
      Reuter  -  79 words
    • Article
      Lock icon Saudis to spend $3.4 bil on new ports
      251 3 AP NICOSIA, Frl. Saudi Arabia will spend US$l 39 billion (553.4 billion) for new ports on the Gulf and the Red Sea to be built bySouth Korean and Japanese contractors, according to a report in the Saudi Gazette newspaper which reached here
      AP  -  251 words
    • Article
      Lock icon Shift of quotas benefits EEC
      158 3 AP WASHINGTON, Frl. European Community countries benefited yesterday from a shift of quotas for speciality steel imports into the United States. The change will permit the European Community countries to ship an additional 3,141 tonnes of stainless steel plate, sheet and strip to America after
      AP  -  158 words
    • Article
      Lock icon A stockpile will steady copper
      78 3 Reuter LONDON, Frl. Fully stabilising world copper prices to no more than one per cent above or below a mean would require an international buffer stock or national stockpiles totalling 2.5 million tonnes, lndependent Consultative Commodities Research Unit (Cru) said In a feasibility study on
      Reuter  -  78 words
    • Article
      Lock icon Personal income moves out of stagnation
      125 3 AP WASHINGTON, Frl. Record growth in the aggregate size of Americans' pay cheques last month helped pull personal Income out of its weather-Induced stagnation, the US government reported yesterday. The Commerce Department said personal Income grew at a seasonally adjusted annual rate of Urn*
      AP  -  125 words
    • Article
      Lock icon FRENCH FIRMS LOSING BUSINESS IN ALGERIA
      337 3 UPI ALGIERS. Frl. French industrial firms are being crowded out by their US ana European rivals In supplying Algeria's capital equipment and technological knowhow, government officials said yesterday. They made the comment after Algerian officials announced that the West German Krupp group and Italy's
      UPI  -  337 words
    • Article
      Lock icon State of crisis in Peru's sugar industry
      252 3 AP LIMA, Fri. —> Peru docroed a state of emergency yesterday la the sugar industry, because, according to a government newspaper, it is passing through one of its most acute crises." The sugar industry had been the showcase for the government's agrarian reform
      AP  -  252 words
    • Article
      Lock icon TEXTILE TALKS PUT OFF TO NEXT MONTH
      136 3 AP GENEVA, Fri. World textile exporting and Importing countries suspended talks yesterday on a new textile pact, giving the European Community time to assess Its position. After two days of closed discussions, the 50 participating nations decided to adjourn and resume their meeting
      AP  -  136 words
    • Article
      Lock icon Shipbuilding Bill in UK is now law
      57 3 Reuter LONDON, Fri. The UK government's Bill to nationalise the aircraft and shipbuilding Industries has received royal assent and has now become law, the Industry Department said. Earlier this month, Industry Secretary Eric Varley said the aircraft Industry will be taken over next
      Reuter  -  57 words
    • Article, Illustration
      Lock icon REDS COME OUT OF THE SHADOW
      814 3  -  By JOHN VINOCUR AP PARIS, Fri. Of all the far-reaching aspects of the two-stage French municipal elections that wind up this Sunday, one of the most remarkable is the emergence of the communist party from the Klltlcal 'ghetto where it d dwelled for 30
      AP  -  814 words
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      Page 3 Advertisements Column 1
      3 3 SEE PAGE 9
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      Page 3 Advertisements Column 2
      267 3 ktasusha name for yourself. WITH ONE OF OURS. I A When you cany names like Pierre Cardm Lanvin and Bally you can't help but do a little namedropDing After all these famous houses represent the finest menswear and accessories anywhere And if you'll allow us a little further selfindulgence we
      267 words
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  • COMPANY NEWS
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      Page 4 Advertisements Column 1
      487 4 r V. i| <*¥# «*fcS f w\ *?> tf.-m tW s: Southeast Asia has as many faces as there are eyes in a peacocks 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
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon BHP output drops sharply
      212 5 Reuter MELBOURNE, Frl. Broken Hill Pty Co. Ltd (BHP) said its raw steel production dropped to 565,000 tonnes In February from 679,000 In January and 584,000 in February 1976. Cumulative raw steel output for the nine months to end-February fell to 5.69 million tonnes from 5.74
      Reuter  -  212 words
    • Article
      Amatil chairman optimistic
      92 5 SYDNEY, Frl. Allied Manufacturing and Trading's trading in the first four months of its year to end-October confirms group profit will Improve markedly In the full year. Its chairman. Mr. T.J.N. Foley told the annual meeting. The group lifted after-tax profit to A 516.77 million in 1975/76
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    • Article
      Lock icon Citicorp
      65 5 Reuter NEW YORK. Fri. Citicorp International Bank (CIBL) of London is consolidating its Brussels-based Eurobond placing operation Citicorp International Securities (CIS A) into Its London headquarters, a Citibank spokesman said here. Citicorp Brussels acted as Belgian-based representative of the London bank and was not Itself a bank under Belgian
      Reuter  -  65 words
    • Article
      Marcopper
      69 5 MANILA. Frl. Net profit at Marcopper Mining rose to 62 5 million pesos from 54 million pesos fast year. This gave earnings per share of 0.16 centavos compared with 0.14 centavos previously. Total sales of copper concentrates rose to 381.6 million pesos from 264.3 million pesos last time. The
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    • Article
      Lock icon Higher sales give BP a boost
      499 5 Reuter LONDON. Fri. Group net income at British Petroleum rose to £179.8 million from £166.2 million last year. BP is paying a final dividend of 12 914 p. making a total of i" 1 789p (17.99p) for the year. Pre-tax income rose to £1.78
      Reuter  -  499 words
    • Article
      Lock icon Leyland (A) achieves first profit in 7 years
      330 5 Reuter SYDNEY Frl For the first time in seven years, Leyland Motor of Australia has managed to report a profit in the 15 months ended Dec 31. 1976. During that period, it earned a trading profit of A 52.85 million on sales
      Reuter  -  330 words
    • Article
      Lock icon Hanover problem loans rise
      192 5 Reuter NEW YORK Frl. Manufacturers Hanover Corp said its nonperforming international loans rose to U5524.9 million at end-1976 from $14.3 million at end-1975. This Includes non-accrual and renegotiated loans. The report shows the company's loans to less developed countries rose to $738 million or 4.2 per
      Reuter  -  192 words
    • Article
      Investor selectivity hits Swiss bond mart
      330 5 ZURICH. Fri. Reduction of the amount of the World Bank's latest bond Issue underlines current Investor selectivity on the Swiss bond market but does not pressage a reversal of the coupon trend, bankers said. Schwelzerlsche Kredltanstalt had amount of the loan was cut to
      330 words
    • Article
      Lock icon Raleigh looks to Europe
      982 5  -  WORLD CYCLE MARKETS By STUART ALEXANDER FT A MUCH higher pront forecast for 1977 based on a pick-up in its European operations is being made by the world's biggest bicycle manufacturer. Raleigh of Nottingham and Birmingham. The company, which still takes over 50 per cent of
      FT  -  982 words
    • Article
      Lock icon Slater Walker in the red
      297 5 Reuter LONDON, Frl. Slater Walker Securities has suffered a big net loss of £8.34 million In the first six months ended June 30,1976, compared with a net profit of £1.11 million In previous corresponding period. No ordinary or preference dividend has been set or Is
      Reuter  -  297 words
    • Article
      Lock icon ANI sees some improvement
      161 5 Reuter SYDNEY, Frl. Unaudited net operating profit at Australian National Industries rose to A 53.9 million from $3.07 million in the first seven months ended Jan 31, 1977. The profit increase was achieved on a rise in sales to $90.7 million from $79.2 million previously. The
      Reuter  -  161 words
    • Article
      Lock icon JP Morgan loans to South Africa
      131 5 Reuter NEW YORK, Frl. Shareholders of J.P. Morgan, the holding company for America's sixth largest bank, have defeated a proposal calling for suspension of loans to South Africa. The proposal, made by the domestic and foreign mission society of the Episcopal Church in the
      Reuter  -  131 words
    • Article
      Lock icon EMI to raise funds
      85 5 Reuter LONDON, Frl. EMI said a US$3O million Eurobond for its subsidiary EMI Finance Is being underwritten. The bonds, due 1989 will be guaranteed by EMI Itself. Final terms will be set on March 29, with the coupon expected to be 9* per cent. Proceeds will
      Reuter  -  85 words
    • Article
      Forex losses depress CFP earnings
      415 5 PARIS, Frl. A substantial foreign exchange loss and steeply Increased provisions to cover exploration expenditure are the main factors behind a decline In 1976 net profits at parent company level of Compagnle Francalse des Petroles, France's leading oil group. In which the State has a
      415 words
    • Article
      Sea Containers Group buoyant
      237 5 NEW YORK. Frl. The Sea Containers Group has reported combined net earnings for 1976 of US$l5.l million ($4.01 per share), a 37 per cent Increase over the $11 million ($2 94 per share) earned In 1975. Excluding foreign exchange gains, net earnings were up 62 per
      237 words
    • Article
      Nippon Oil
      55 5 TOKYO. Fri. Nippon Oil said it expects record aftertax profit of more than 10 billion yen for the year ending March 31, compared with 2.92 billion yen the previous year, due to benefits from the appreciation of the yen. It said sales will also Increase to record 1.97
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      Page 5 Advertisements Column 1
      847 5 EAST MEETS WEST: SINGAPORE Dick Wilson 26.5 x 26cm; 254 pages; hardbound; 5528.00 Dick Wilson, well-known journalist and author of A Quarter of Mankind and Asia Awakes, here describes and analyses the development of Singapore, one of the world's most successful and remarkable city states. Starting from its founding and
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  • Article
    Share Information Service
    2123 6 1*76/77 High Low Company Last Sale +orGr'i div Div c'rr Gr's y'ld Net P/E Vol (*000) Day High Low SECTION ONE INDUSTRIALS 175* 133 206 100 237 180 201* 204 248 400 133 127 172 00 185 00 127* 149 172 378 Acma Acma A Alcom Allied
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  • Article
    Transactions in Singapore
    1085 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 "Set". Big Board deals
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  • Article
    In Kuala Lumpur
    1309 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with number of shares traded shown In brackets in lots of 1.000 units unless otherwise specified INDUSTRIALS Aema (1.448). A. Tap* (0 498 0.525) (I) 0 50 Alcom (1
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  • Article
    Stock options
    169 6 STRIKING price* 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 S3 90) (0 098 0 10S) (1) 0 08. (1) 0 (4) 0.09
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  • Article
    Unit trusts
    150 6 SINGAPORE UNIT TRUST INCOME BOND UNIT {Miufen price* for Marti) (Current prices) The Commerce 1.75 1.85 INCOME BOND 1.10 1.10 TheSavtng Fund 0 88 0 #3xd Spore Prog Fund 0 78 0.83 S pore Security MARA BUMIPUTRA FUND Fund. 1.42 1.50 (Managers' prim for Mar 211 S'pore Invest
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  • Article
    Corporate bonds
    166 6 B O T 8 1/2% 1981 (100,000) (103'eB 103 7 »S) D B S 8 1/?% 1982 (100.000) (100'«B 101S) DBS Converts 6 1/2% 1991 (100,000) <96 3 «B 97' aS) E I B 9% 1982 (100.000) (103 SB 104 E I B 8 1/2% 1983 (100.000) (1008
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  • Article
    Domestic govt bonds
    162 6 5 1/2% 1/12/77 (1.000.000) (101.508 101.655) 5% T F 1/3/78 (1,000.000) (102 608 102.755) 5 1/2% 15/4/78 (1.000,000) (101.638 101 735) 5 1/4% 15/7/78 (1.000,000) (101.558 101.60S >(1)101 59 6 1/2% 15/8/78 (1,000,000) (103.208 103 355) 7% 1/7/79 (1,000.000) (104.858 105 00S) 5 1/2% 1/10/77-79 (1.000,000) (101
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      Page 6 Advertisements Column 1
      414 6 THE GREAT BOOKS of the beautiful, durable bindings is the M B U fundamental Ideas of H BH mMwMm. Mg I 9 science, history, psychology, W ■jllll IWlllil# Here In beautiful, durable bindings Is the whole record of the fundamental Ideas of mankind science, history, psychology, mathematics, theology, literature and
      414 words
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  • Article
    Market still bearish
    591 7 EASIER trading condition* persisted under somewhat more urgent selling at the Stock Exchange of Singapore yesterday. Unlike earlier on in the week, sellers dominated the scene right from the first bell and the wave of selling caused significant losses to be recorded across a wide front. Heavyweights
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  • Article
    Trading in KL ends easier
    373 7 SHARE prices yielded further ground In the face of continued selling on the Kuala Lumpur stock market yesterday. The bulk of the business Sesterday was accounted for y stop-loss selling. Some short-selling by the regular speculators was also believed to have aggravated the situation. Yesterday
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  • Article
    Bethlehem Steel
    80 7 PITTSBURGH, Frl. Bethlehem Steel Corp, the second largest US producer, said yesterday It would Increase the price of carbon and alloy tool steel by eight per cent effective April 1. A spokesman said from the company's headquarters In Bethlehem, PA., that the Increases were due to higher costs
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  • Article
    Norsk Hydro
    28 7 AMSTERDAM, Thurs. The Norsk Hydro 75 million guilder 8 3/4 per cent 15year debenture loan was priced at par, Amsterdam Rotterdam Bank said as consortium manager.
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  • WALL STREET AND OTHER OVERSEAS MARKETS
    • Article
      New York
      1197 7 NEW YORK: The stock market halted a string of advancing act* slons to cloae lower In moderately active trading on Thursday. The market dropped sharply across a broad front during the first two trading hours following comments by Treasury Secretary Michael Blumenthal that the economic recovery doesn't appear
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    • Article
      Frankfurt
      323 7 FRANKFURT: Shares closed mlxew to lower in light trading, started by Institutional selling and general Investor hesitancy, market sources said on Thursday. Among leading declines were Dresdner Bank (down three marks) and Deutsche Bank (down one). Thyasen, which announced a higher 1975/78 profit, and Siemens, which announced higher five-month
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    • Article
      Toronto
      290 7 TORONTO: The Toronto market firmed following mild noon losses and closed on Thursday basically unchanged from Wednesday. Among the major changes. Maple Leaf Mill* gained at 34 V Kelsey-Hayes S at 13%. Nowsco S at 20. while Canadian Imperial Bank fell Vi to 24%. Moore Corp advanced to 35The
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    • Article
      Amsterdam
      287 7 AMSTERDAM: Shares eased in general, with Akzo losing most ground In Dutch Internationals, dealers said. KLM led declines elsewhere. Including Bola and Fokker. Gain* were headed by Ennia, Ahold and Internatio-MuUer on Its higher 1976 and dividend. Shipping were mixed. Insurances firmed where changed. Stateloans firmed. MAR 17 Fls
      287 words
    • Article
      Brussels
      169 7 BRUSSELS: The market was mixed to lower In quiet trading, dealers said on Thursdav SoAna rose on news of its increased dividend, and Cockerlll. Arbed and Pinoutremer also rose. Union Miniere, Hoboken, Hainaut-Sambre. UCB and Moaaae fell. UK and US stocks were steady and gold mines firm. Sony fell
      169 words
    • Article
      Milan
      155 7 MILAN: Stocks closed mixed In moderately active dealings, bourse sources said on Thursday. Montedison closed slightly higher, but Montefire weakened further following the announcement of a heavy 1967 deflclftmd capital re-structurlng plans Fiat gained a little, while Generate Immobiliare was marginally firmer. Mediobanca fell and both Pirellis were also
      155 words
    • Article
      Jo'burg
      397 7 JOHANNESBURG: Gold shares moved off the top toward the close as European bullion prices drifted back from earlier highs, dealers said on Thursday Financial minings also moved back In places with Anglos A net two cents off at 412 after 417 earlier. Fed Mynb gained IS cents to 395
      397 words
    • Article
      Manila
      172 7 MANILA: The mining sector was firm on higher copper and gold prices but In light turnover, dealers said on Friday. Oils were also firm Turnover rose to 2.46 million pesos from Thursday's 1.83 million. Gainers included Acoje Mining, Atlas Con A and B, Lepanio B, Phi lex A, PLDT
      172 words
    • Article
      Zurich
      293 7 ZURICH The market was very steady In moderate turnover with demand again selective, dealers said on Thursday. Among banks small gains and losses were about equal Financials and insurances generally pointed higher with Uaego recovering slightly from recent sharp decline and PreMe-Finani easier on balance Leading Industrials closed Irregular
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    • Article
      Hongkong
      379 7 HONOKONO: The market eased further on lack of Interest In dull trading, dealers said on Friday. The Hang Seng Index was down 2.12 points to 416.19. Hongkong Bank fell $2.20 to $17.40 exits 44 cent final dividend and one for 10 bonus Issue and Swire Pacific eased five cents
      379 words
    • Article
      Paris
      346 7 PARIS: Shares closed mostly higher helped by the narrower February foreign trade deficit, higher January Industrial production and a steady franc, dealers said on Thursday Chemicals closed higher but engineerings and stores were Irregular Electrlcals were lower. Americans were Irregular while International oils and Dutch shares eased Germans, golds
      346 words
    • Article
      Sydney
      445 7 SYDNEY: The market rose on the overnight gain In London and higher metal prices, dealers said on Friday. The Sydney All-Ordinaries Index rose 1.94 points to 434.29. Peko-Waltsend rose eight cents to $5 08 and Renison 10 cents to $8.90 Bougainville. CRA. MIM, QLD Mines, Emperor and AAR gained
      445 words
    • Article
      Tokyo
      492 7 TOKYO: Share prices closed higher after a mixed opening, with interest reviving In recently neglected electrlcaTs and some populars, dealers said on Friday. The Dow Jones average gained 24 85 to close at 5,013.70 with volume 190 million shares The New Index closed at 377.39, up 1.21. Sony led
      492 words
    • Article
      Bangkok
      89 7 MAK IN Bants Asia Fibre 132 -3 Bangkok Bank 247 unch Bangkok Invest Bangkok-Metro-politan Bank Bata 389 ♦2 Berll Jucker 184 ♦J Charoong Thai Wire 149S Dumex Duslt Thanl Faber Merlin First Trust Indo-Thai J And J Ho 219 unrh Jalaprathan Cement 89 -1 Karnasuta 37S -I Lee Kwang
      89 words
    • Article
      Indices
      73 7 FINANCIAL TIMES INDUSTRIALS Thursday 433 8 Wednesday 428 1 Week Ago 413.8 DOW JONES AVERAGE INDUSTRIALS Thursday 964 84 Wednesday 968 00 Week Ago 946 73 LONDON DOLLAR PREMIUM Thursday 109 1 to 110V4 Wednesday 109 to 109^ H.K. HANG SENG Thursday 418 31 Wednesday 419.97 Week Ago 422
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      Page 7 Advertisements Column 1
      433 7 THE SYNTOPICON The Syntopicon now makes it possible for anyone to "ask" great thinkers such as Plato, Aristotle, Tolstoy, and Freud about love, art, democracy, Justice or almost any topic conceived by the human mind. The Syntopicon can guide your hand to the proper volume. Your eyes are directed to
      433 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Local and foreign rubber markets
      743 8 IN the Singapore rubber market yesterday, dealers said lower overseas advices produced an easier opening. Prices were marked down by 1.25 cents but later recovered on some weekend covering and forward demand, particularly for July/Sept 1977. However, towards the close prices fell back slightly as
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    • Article
      Closing prices
      30 8 Rubber: Mar 17 Singapore: April 204.75 cts (down 0.75 ct.) Malaysia: April 208.00 eta (down 0.50 ct») Tin: $1,620.00 (down $12.00) Official offering: 214 tonnes (up 4 tonnes)
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    • Article
      SSR and SMR
      114 8 April May R.A.S. (Current Mth) (For ■ward Mthl Buyers Sellers Buyers Sellers (cei ■ts perks) (cei ■ts per k|) DAILY SSR and SMR prices at noon yeaterday: SSR20 (1-ton Pallet) 198 00 tge.ooN 197 50 199 50N SSR 50 (1-ton Pallet) 193.50 195 50N 195 00 197
      114 words
    • Article
      Straits tin
      115 8 THE Straits tin price In Penang yesterday was down $12.00 to $1,620.00 on an official offering up four tonnes to 214 tonnes. In LONDON yesterday, tin softened by mostly £20 per tonne In both contracts. Trading was moderate but carries accounted for the bulk of standard sales of
      115 words
    • Article
      Tin shipment
      43 8 Shipment of Strait* Refined Tin Prom Penan* Period: 1st to 15th March 1977 THIS PERIOD DESTINATION AFRICA CANADA CONTINENT INDIA JAPAN PACIFIC SINGAPORE U.S.A. SHIPPED TONNES 10.00 5.00 770.00 3.00 592.00 97.00 1,479.00 AFLOAT TONNES 100.00 25.00 .25 3.50 2,956.00 128.75
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    • Article
      Lead
      78 8 LONDON, Frl. Lead lost £8 for Cash and £6.25 for Three Months in the morning. Three Months traded initially up to £439 per tonne but fell back to £431 before hardening on the Kerb to £434. Expectations of a further small rise in stocks also depressed the market. Sales
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    • Article
      Gold
      369 8 IN the Singapore gold market yesterday the kllobar was traded In the range of 5511,730 to 5512,010. The highest prices traded since Sept 10, 1975. The loco London gold opened at U*****.40/149.80 and on good buying support crossed the $150 barrier to close at U*****.30/ 150.80. The London morning
      369 words
    • Article
      Copper
      319 8 LONDON, Frl. Copper wirebars rose £3 per tonne for Cash and £2.50 for Three Months In the morning. Dealers said the market remained firmly based on fresh buying spurred by the trend at New York which was mainly fuelled by the Zaire situation. Continued strength in gold, together with
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    • Article
      Zinc
      94 8 LONDON, Frl. Zinc declined by £8.25 for Cash and £10 for Three Months In the morning. Three Months finished the Ring at £437. Sales of 5,025 tonnes were mainly carries. Stocks are expected to show a modest rise this week. On Thursday afternoon, zinc finished with gains of £2
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    • Article
      Palm oil
      127 8 THE following Palm Oil prices were quoted In London on Thursday The prices are elf Rotterdam and are quoted In US dollar per ton untra otherwise stated Thursday Pre*. Malaysia 5% ffa bulk May 820 nom 598 sir Sumatra 5S Mch unch 813.50 pd Apl 820 pd 015
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    • Article
      Produce prices
      267 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil Bulk SI 15 sellers, old drum Sl2O sellers, new drum 5125 sellers. Copra Mixed (loose) UK/Cont. 572 buyers Pepper Muntok AST A white I o.b 100S NLW 5405 sellers. Sarawak white fob 98% NLW $385 sellers.
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    • Article
      Soybeans
      212 8 CHICAGO, Thurs. After an opening surge through old season highs in old crop months and an advance of as much as 23 cents in the May, soybean futures collapsed late in the session to close mostly 1H to 13 cents a bushel lower. Early speculative buying Interest encountered little
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    • Article
      Wheat
      88 8 CHICAGO, Thurs. Wheat futures closed one to \Vt cent a bushel lower, finishing at or Just above the day's lows. Small gains were posted in early dealings on speculative buying prompted by the early strength In soybean futures but selling picked up when beans retreated from their highs. The
      88 words
    • Article
      Prices turn erratic in rubber mart
      391 8 IT is something of an understatement to report that this week's market has been particularly quiet and featureless throughout, says Holiday, Cutler A Bath In its weekly review of the Singapore and Malaysian rubber markets. Levels fluctuated uncertainly and alternately between 205 and 207
      391 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        575 8 THE domestic money market In Singapore yesterday proved sluggish and for some stretches quite "dead", dealers said. Overnight funds opened at the three per cent level and through the whole morning session stayed unchanged. Clearing hours, however, saw a slight firming to 3 per cent, then 3* per cent
        575 words
      • Article
        Asian $ rates
        142 8 Asian rates ASIAN currency d* pewit interbank rate* u at ctoae on March 18 USDotia Offer Bid 7 days 47/8 4 3/4 I mth 51/16 2 mthj 415/16 3 mthj 51/16 t mthj 5 7/16 9 mthj 513/16. 511/16 12 mthj 5 7/B 8w. Ft». Du 1 mth 33/8 pi
        142 words
      • Article
        Discount
        45 8 RANOE of prices offered by discount houses on March It Overnight 1H to 3<H Call deposit 3% CMM Buy Selliac 3-month Treasury bills 3 2% 3-Month Bank bills 3 15/16 3 13/16 3-Month CD 4 4 6-Month CD 4S 4* Source: National Discount Co.
        45 words
      • Article
        Euro $ rates
        186 8 Euro rates LONDON, Frl. Eurodollar deposits opened unchanged apart from One and Four Months where Friday's end of periods made for initial f*ln» of 1/4 and 1/8 respectively. Early trading was quiet dealers said. A continuation of recent quiet conditions, usual light Et-weekend trading and a k of prime name
        186 words
      • Article
        London
        242 8 LONDON, Frl. Light commercial demand seen for marks late yesterday continued this morning, bringing the dollar slightly easier against continental currencies, dealers said. The mark moved to 2.3890/ 3905 to the dollar from the overnight 2.3905/15 while the Swiss franc traded at 2.5505/15 against 2.5520/30. Sterling slipped a few
        242 words
      • Article
        New York
        185 8 NEW YORK. Thurs. The dollar closed weaker on balance than Wednesday niirht, although off Its lows, following a small recovery on news of a rise In US money supply, dealers said. The mam feature in a lack-luster trading session was the volatile Canadian dollar, which slipped in very
        185 words
      • Article
        Tokyo
        132 8 TOKYO, Frl. The dollar for overnight delivery declined to 281.30 yen In fairly active trading, after opening at 281.70, the same level as at yesterday's close, dealers said. Traders Increased dollar export bHI sales to banks in anticipation of a further appreciation of the yen, more than offsetting increased
        132 words
      • Article
        Hongkong
        125 8 HONGKONG, Frt. The US dollar firmed further to a late HK54.6270/90, compared with yesterday's late $4.6200/30, In active trading, dealers said, Local Interest rates were only marginally easier than yesterday but their long awaited decline In recent days seems to be starting to aid the US unit, they said.
        125 words
      • Article
        Treasury bills tender
        51 8 RESULT'S of tender held on March 18, 1977 for 91-day Treasury bills to be issued from March 21 to March 25, 1977: Offered: $30 million Applied for: $105,600,000 Alloted: $30 million Accepted bids: $99 26 (approximately 28%; higher bids in full) Average rate of discount on allotment:
        51 words
      • Article
        Minimum lending rates (in %)
        61 8 Minimum lending rates (in ACBC 6* First Chicago 6 1 Algemene Bank Citibank 6*. Bangkok Bank 7 I HSBC 7 Bank of America Indosuez 6* Bank of China .7 Malayan Banking Bank of Tokyo 6 1 Mitsui Bank 6H Bank Negara OCBC Indonesia .7 OUB 6*. Chartered Bank fl l
        61 words
      • Article
        Australia/NZ
        47 8 AUSTRALIA/NZ exchanges quoted on March 18 Australia: Sterling 0.6426/0.6355 US dollars 1.1010/1.0962 Ninety-day air mall buying rates: Sterling 0.6660 US dollars 1.1260 Ninety-day forward buying rates: Sterling 0.6464 US dollars 1.0914 New Zealand: Sterling 0.5575/0.5544 US dollars 0.9631/0.9531 Ninety-day forward rate: Sterling 0.5863 US dollars 0.9817
        47 words
      • Article
        Zurich
        46 8 ZURICH exchanges closing quotes on March 17 US 2.5530-5540 UK 4.3890-3925 Can 2.4300-4320 W Germ 106 76-85 Neth 102.16-27 France 51.23-27 Belg 6.96 3/4-97 1/2 Denm 43.61-64 Norw 48.58-61 Swed 60.57-62 Italy 0.2878-2881 Austria 15.04-06 Port 6.59-61 Spain 3.71 1/4-72 Arg 0.75-90 Japan 0.90 1/2-91
        46 words
      • Article
        Frankfurt
        36 8 FRANKFURT exchanges opening quotes on March 18 US 2.3903/13 (2.3910/15) Can 2.2690/2710 UK 4 102/120 Neth 95.67/82 Swltz 93.67/78 Italy 2.690/705 France 47.90/48 05 Norw 45.50/58 Belg com 6.510/525 Belg fin 6 50/52 Japan 0.8496/8506
        36 words
      • Article
        Eurobond prices
        307 8 LONDON Eurobond prices on March Iff Straight! Bid Offer Austria 8** 90 100 V, 101 Bell Canada 8'. 86 1054, BFCE 8*. 83 1014, 102 v, Brazil 9 84 97'» 97S Can Pacific9S 83 1024, 102% Credit National 8'»86 99 90S ECSC 9 83 1034, 104 V, EEC
        307 words
    • Article
      Silver
      137 8 LONDON, Frl. Silver finished with gains ranging from 2.1 to 1.2 pence per troy ounce in the morning. Covering and fresh buying was reported with Three Months trading up to 294.9 pence before profit-taking shaded values to 294.5 pence. Trading was fairly active at 124 lots. in nkw ycjkk
      137 words
    • Article
      Coffee
      201 8 LONDON Fri. Coffee closed quietly steady £31 to £95 above yesterday's close. Volume was 1,508 lots. Much of the trading was within narrow limits. Pre-weekend profittaking and liquidation emerged during the closing session and this took some positions down to the lows. July closed at £4,187 having traded dwon
      201 words
    • Article
      Sugar
      167 8 LONDON, Frl. Sugar futures opened quiet £0.10 to £1 per tonne up on yesterday's closing levels. Sales were 283 lota. Dealers said there was no news to encourage fresh trading Interest although the price of 9.15 cents per lb paid by a US house for Jamaica raws yesterday may
      167 words
    • Article
      Rice
      220 8 BANGKOK, Frl. Indicative prices quoted for rice were: US dollars per tonne rob basis Bangkok White Rice 100 per cent Ist class 292 100 per cent 2nd class 277 100 per cent 3rd class 272 5 per cent 282 10 per cent 242 IS per cent 230 20 per
      220 words
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      Page 8 Advertisements Column 1
      397 8 SINGAPORE ine r in this issue we feature: MANUFACTURING FINANCE Running out of luck and line: The fishery Industry cannot hope Money: The stock-in-trade: Banks are changing their to grow until problems like lack of experience and expertise as marketing policies, and with them their musty images, in a bid
      397 words
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  • TRANSPORT and COMMUNICATIONS
    • Article, Illustration
      Lock icon Red Sea's busiest port
      735 9 JEDDAH, Friday AP SAUDI ARABIA'S leap Into the 20th Century has strained the capacity of Jeddah to accommodate a population that has Increased 20 times since 1040 to 800,000. The oil boom has attracted hordes of businessmen and workers during the past four years. And a
      AP  -  735 words
    • Article, Illustration
      IN PORT
      356 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Benwyvia (0600 after Vivien) 35/36 Dong Bee (2000 after Indian Faith) 45 Eumaeua (D/L) (0600 after Hoaho Maru after Vivien) 33/34 Ocean Betelgeuae (JIJJ) (1000) 6/7 Pabloeverett (after Kyokyu Maru) 31/32 Ta Yu (BKCZ) (1700) 13/14 Thor Aagard (Tanker) (after Palm Sea Horae)
      356 words
    • Article
      Lock icon Eye-catching exhibits at Geneva car show
      497 9 AP GENEVA, Frl. A stingy Rolls, a roomy Porsche, and a new electric car that does up to 90 kilometers per hour are among eye-catching exhibits at the annual Geneva autoshow which opened yesterday. A series of "world premieres" that also feature a range
      AP  -  497 words
    • Article
      Lock icon Live telecasts: A trial run for US Congress
      322 9 Reuter WASHINGTON, Frl. The United States Congress Is finally entering the television age, but It will be some months before Americans see their lawmakers In action on home TV screens. From March 15, TV cameras will zero In on the House of
      Reuter  -  322 words
    • Article
      Lock icon London freight
      175 9 AP LONDON, Fri. North Atlantic grain rmte* began to move up yesterday on the strength of the recent chartering expansion. Glenas conceded the firmer figure of U855.50 (FIO) to the "Moldaager" for a 52,000-ton April 1-7 shipment from the US Gulf to Holland or Belgium while other charterers
      AP  -  175 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      563 9 ARRIVALS WHO Opvtlor Nnahr Lm» TIdm 1 From CPA CAL MAS JAL CAL SIA OIA CPA THAI OIA RBA SIA SIA MAS CX003 CI333 MH882 JL712 CI814 8Q211 OA90O CX710 TG423 OA0O8 SQ201 SQ240 MH884 0145 0040 0810 1000 1000 1010 1030 1030 1035 1100 1155 1200
      563 words
    • Article
      Lock icon 'Give up TV' orders court
      482 9 The Economist WASHINGTON: There may be harder times ahead for newspaper publishers In many large cities as a result of a recent United States court of appeals decision In Washington, DC. The court has ordered the Federal Communications Commission to stiffen earlier rulings and oblige
      The Economist  -  482 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      192 9 MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE 1 r ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin
      192 words
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  • Article
    Bogged down Sea Law talks and a metal shortage
    926 10  -  By JOHN GOLDBLATT ON THE eve of the sixth session of the UN Law of the Sea Conference, the committee entrusted with establishing a new International Taw governing seabed mining is in as rigid a state of disagreement as It was
    926 words
  • Article, Illustration
    COCOA GROWS INTO MAJOR THIRD CROP
    2310 10  -  By LOW LEI CHOO THE DECISION to adopt cocoa as Malaysia's third plantation crop has proved a good one with International prices soaring over the past year. If things go as planned, optimists believe Malaysia could be among the leading producers In the world
    2,310 words
  • Article, Illustration
    Lock icon No more concessions for industrialists
    951 10  -  By ARUN BHATTACHARJEE Depih News ONLY A few days before the release of the year end review of the country's economic performance, Finance Minister Chidambaram Subramanlam unequivocally let It be known that the old happy practice of extending Government concessions in the form of tax
    Depih News  -  951 words
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      Page 10 Advertisements Column 1
      334 10 dormßergerP 0 -"nßeverlyHil*sßie»efeldßilbaoßonnßraun»chwe*gßremenßu ,tellammarec s *rElcbeEssenFrankfurtFreib<jrgFrosinoneFuengirolav. J u t erslo h H a 'a H ei »br on n Helsinki I ngo Ist adt I ser lob n Kaiserslac rteKielKoble 1 ecceLendaLtsboaLogronoLondonLubeckL ;»dLudv*tgs' ialagaMalmoMannheimMessina C Muncben* .rhausenOrleansOsJoPausPesaroPforzbetmPon ecklmghai jalernoSanßemoSanSebastianSantanderTarrago eAnnunci >aVeronaVigoVitonaWiesbadenVVurzborgAachenA )Alessanc* ,naAther AugsburgAvell»noß«*dKreuznachßarcek>n. i»dor m Be reid B i
      334 words
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  • Article, Illustration
    Lock icon SINGAPORE AMBASSADOR GETS MARCOS AWARD
    72 11 PRESIDENT Ferdinand Marcos of the Philippines (left) chats with Singapore Ambassador Cheam Kim Seang and Thai Ambassador Klos Visessurakarn (second and third from left) and their wives. Mr. Marcos has just invested the two out-going envoys with the Ancient Order of Sikatuna and the rank
    UPI picture  -  72 words
  • Article
    Lock icon Callaghan faces Tory 'no confidence' vote in Parliament
    497 11 Reuter LONDON. Frl. Britain's Labour Government will face a vote of no confidence in the House of Commons next Wednesday, Parliament was told today. The government, which Is in a minority position in Parliament, last night suffered another in a series of
    Reuter  -  497 words
  • Article
    Govt is urged to raise status of blue-collar men
    386 11 THE recently-concluded seminar of the Industrial Training Board Staff Union yesterday made several recommendations which It hopes will provide for more effective human resources development In Industrial training. It also called on the Government to take a leading role In raising
    386 words
  • Article
    Malaysia to discuss fishing zone
    193 11 KUALA TRENGGANU, Frl. Malaysia will hold discussions with neighbouring coastal states to determine a new fishing zone for her fishermen. This meeting would be held, once the Law of the Sea Conference had finalised its resolution, agriculture Minister Datuk All Hajl Ahmad said today. Answering
    193 words
  • Article
    Lock icon Egypt's $36 mil contract for Australian beef
    231 11 UPI SYDNEY, Frl. A consortium of Australian beef &roducers has won a 5514.7 million (SS36 million) contract for the supply of about 8.800 tons of medium quality beef to Egypt Egypt, previously a small outlet for Australian beef. Is now a potentially major
    UPI  -  231 words
  • Article
    Fukuda's 'solidarity' talks with Carter
    483 11 TOKYO, Frl. Facing a chorus of gripes that Japan makes too much money at America's expense, Premier Takeo Fukuda leaves for Washington tomorrow for a two-day summit with President Carter. Aides of the 71-year-old premier have tagged the trip with the catch phrase "Japanese American
    483 words
  • Article, Illustration
    UE Group starts in-company training for execs
    220 11 RECOGNISING that previous efforts to develop management had been too ad-hoc, the United Engineers Group has started planned in-company management development programmes for its executives. The first module, providing a broad awareness of the distinctive functions of professionalism in management, is being presented
    220 words
  • Article
    Lock icon Bankers assess strength of Hongkong dollar
    900 11 Reuter HONGKONG, Frl. Hongkong's Interest rate structure and visible trade performance will be the crucial factors affecting the Hongkong dollar In the next few months, senior bankers said. Most bankers regard the Hongkong dollar as overvalued, but do not expect It to weaken significantly
    Reuter  -  900 words
  • Article
    Lock icon Miki for Europe
    56 11 UPI TOKYO, Frl. Former Prime Minister Takeo Mlkl will visit Britain, France and West Germany early in April for meetings with European leaders, officials said yesterday. Officials said during his two to three weeks tour, Mr. Mlki will confer with President Olscard d'Estalng of France and Chancellor
    UPI  -  56 words
  • Article
    Lock icon Philippines panel to open talks with World Bank
    276 11 Reuter MANILA Frl. A Philippines panel, headed by Ambassador to Washington Eduardo Romualdez, Is to open discussions soon with the World Bank for a US$2O million (SS49 million) loan to Improve water reticulation In various parts of the country, informed sources said
    Reuter  -  276 words
  • Article
    DMS Alumni's special talk
    69 11 THE Diploma In Management Studies (DMS) Alumni, affiliated to the Singapore Institute of Management, has organised a special talk on management productivity at the Marco Polo hotel next Mon- day. The talk will be given by Miss L. King Taylor, described by DMS Alumni as "one
    69 words
  • Article
    'Good time to normalise America-North Korea ties'
    1028 11  -  •y ANDREW MALCOLM A HIGH-RANKING member of the North Korean Parliament suggested here yesterday that now was a good time for "normalisation" of the bitter relations between the United States and his country. The remarks by LI Kye Balk came at a luncheon
    1,028 words
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      500 11 \'>/<|!>/*+=~`]<;'"||//&[[[\']] APPOINTMENTS rima SSSStfC«C PRIMA TOWER REVOLVING RESTAURANT invites applications from suitably experienced candidates for appointment as MANAGER QUALIFICATIONS: Minimum 7 years restaurant operation experience in reputable establishment of similar capacity. Experienced in planning and setting up restaurant operation. Able to communicate well in Chinese and other foreign languages preferable.
      500 words
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  • Article
    Lock icon Japan- Asean talks in Jakarta next week
    457 12 AP TOKYO, Frl. Japan and the Association of Southeast Asian nations will meet In Jakarta next Wednesday to continue talks for closer co-operation, the Foreign Ministry said yesterday. Director-general Yosuke Nakae of the ministry's Asian affairs bureau will attend the meeting for talks
    AP  -  457 words
  • Article
    Lock icon Marcos to make his Japan trip in April
    429 12 Reuter MANILA, Frl. President Marcos and Mrs. Imelda Marcos will make a second state visit to Japan from April 25 to 28, the Foreign Affairs Department announced here today. The announcement gave no details of the Itinerary or Durpose of the visit.
    Reuter  -  429 words
  • Article
    19 to attend Chambers' meeting in Bangkok
    258 12 A 19-MAN delegation from the four chambers of commerce and the Singapore Manufacturers Association will be attending the 6th Asean Chambers of Commerce and Industry Council meeting to be held in Bangkok at the end of the month. The team, comprising representatives of
    258 words
  • Article
    LONDON STOCKS
    773 12 LONDON, Frl. The market was generally easier In reaction to the announced Conservative opposition party decision to move a motion of no confidence" in the Government, dealers said. Closing levels were above the day's lows after the February retail price Index which showed a smaller rise than expected.
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    Lock icon More aid for the group?
    120 12 Reuter TOKYO, Frl. Japan Is considering Increasing its official development aid to Asean to 113 billion yen during the 1977 fiscal year compared with the 72.7 billion pledged for this year, Kyodo News Agency reported. The Foreign Ministry said it could not confirm the report,
    Reuter  -  120 words
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    KL-Viet ties shaping up
    290 12 KUALA LUMPUR. Frl. There are good prospects for the strengthening of bilateral relations between Kuala Lumpur and Hanoi, Malaysia's First Ambassador to Vietnam, Enclk Yusof Hltam, said today. Enclk Yusof, who Is here on a month's home leave, said In an Interview that he was satisfied
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    Lock icon Zaire invasion: West has reasons to be concerned
    681 12 Reuter UPI WASHINGTON, Frl. Zaire, the central African country which says It has been Invaded by forces from Angola led by Cubans, Is Important to the United States and the West both politically and economically, US Government sources here said. Angola has
    Reuter; UPI  -  681 words
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    188 12 NEPTUNE Coral, the 180 million slstershlp of the Neptune Pearl which called at Singapore last November, will make her maiden call at Singapore on Mondav. She leaves on Tuesday for Port Kelang. This 30,933 dwt ship has a capacity of 1,569 TEUs and
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    Producing skilled manpower still a priority
    212 12 THE Minister for Finance, Mr. Hon Sul Sen, yesterday said the Government will continue to give high priority to the training and development of skilled manpower to meet the demands of new and expanding industries In Singapore. Speaking at the official opening of Koyo
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    Shippers meet FEFC man
    165 12 THE Singapore National Shippers' Council (SNSC) met Mr. W.J.V. Cook, the Singapore and Malaysia representative for the Far Eastern Freight Conference (FEFC), yesterday for what was described as a "purely Informative meeting. It Is understood that the general freight rate Increase proposed by the FEFC as
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    Lock icon Bhutto swoops on opposition leaders
    569 12 Reuter LAHORE, Fri. The fovemment has arrested aklstan's four principal opposition leaders following demonstrations for the resignation of Prime Minister Zulflkar All Bhutto, reliable sources said today. Police took retired air marshal Asghar Khan into custody In Lahore last night, while In Karachi early today,
    Reuter  -  569 words
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    Lock icon Carter's message to the world
    503 12 AP UPI UNITED NATIONS, Frl. US President Jimmy Carter last night called for a "prolonged and persistent" effort to build a better and more co-operative International economic system. Addressing a special gathering of United Nations diplomats, Mr. Carter said he had asked Congress to provide
    AP; UPI  -  503 words
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    Lock icon MICA OPENS ANOTHER 'DOOR'
    97 12 Kyodo MT NAGOYA, Fri. Aika Kogyo Co., Japan's top maker of melamlne-laml-nated wood materials, said yesterday it has established a subsidiary In Malaysia. The Joint-venture Malaysian firm, Mica Door Sendlrlan Berhad of Butterworth, will make wooden doors for shipment to Japan, beginning in July. Mica Door
    Kyodo MT  -  97 words
  • Article
    China buys jute goods
    42 12 DACCA, Fri. China will buy 800 tonnes of Jute goods worth U5566,000 (*****.000) from Bangladesh under an agreement signed here. The two countries are to exchange commodities worth $14.5 million each during the current year, according to protocol.
    42 words
  • Article
    Bank sues
    43 12 THE Moscow Narodny Bank, represented by Lee and Lee, has filed a writ In the High Court claiming $477,759 from two Individuals, Mr. Quek Teo Hoe and Mr. Quek Teow Khuan. The sum Is alleged to be due under a contract.
    43 words
  • Article
    Call for more funds to educate the deaf
    199 12 MR. S. Dhanabalan, MP for Kallang, called on the Ministry to provide more funds for primary education of deaf children. He criticised the Ministry for allowing the Association for the Deaf, which Is a voluntary organisation, to assume the main role In
    199 words
  • Article
    Lifting of RZ for some roads?
    115 12 THE Registry of Vehicles, Traffic Police and Public Works Dept (Roads Branch) are currently looking Into the possibility of lifting the restriction along certain roads within the Central Business District (CBD) during the peak morning hours of 7.30 a.m. to 10.15 a.m. The Minister
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      348 12 Good reading on 1 TP I I i from Penguin China the most populous nation in the world. Fast emerging as a major power in world politics. Isolated from the rest of the world for over two decades, world attention has nevertheless turned to this most enigmatic of nations time
      348 words