The Business Times, 23 March 1977

Total Pages: 12
1 12 The Business Times
  • 9 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, MARCH 23, 1977 50CENTS
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  • NEWS IN BRIEF
    • 64 1 UPI LONDON. Tues. The number of workers unemployed In Britain fell by 38,045 on the February Jobless total to 1,383,733, Department of Emj%)yment figures showed today. It was the second month running the number of unemployed has fallen, and Employment Secretary Albert Booth said "It Is
      UPI  -  64 words
    • 71 1 Reuter MANILA, Tues. President Marcos announced tonight that Libyan Leader Muammar Oaddafl had submitted a proposal which he believed would bring a lasting peace settlement of the Muslim rebellion In the southern Philippines. He did not elaborate on the proposal, details of which have still to be settled,
      Reuter  -  71 words
    • 85 1 Reuter ALA LUMPUR, Tues. Police exploded a eel bomb which was sent to Malaysia's Inspector General of Police In what was believed to be an attempt on his life by the communists, police announced tonight. A police statement said the registered parcel, addressed to the police
      Reuter  -  85 words
    • 68 1 AP NEW DELHI, Tues. Mrs. Gandhi, who resigned as India's Prime Minister yesterday, later Issued the following statement: "The collective Judgment of the people must be respected. My colleagues and I accept their verdict unreservedly and In a spirit of humility. Since childhood, my aim has
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    • 80 1 Reuter NEW DELHI, Tues. Jailed socialist leader George Fernandes and nine other people charged with attempting to overthrow Mrs. Indira Gandhi's Government by force were released on bail today. Mr. Fernandes, 47, won handsomely by nearly 300,000 votes for a seat In Parliament representing his district
      Reuter  -  80 words
    • 38 1 Reuter TEHERAN, Tues. A strong earthquake struck Iran's southern coast region early today and 60 people were killed In a series of tremors round the port city of Bandar Abbas, the official radio reported. Reuter.
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    • 40 1 UPI TOKYO, Tues. Crude steel production In Japan during the 1977 fiscal year starting April 1 will be about 109 million tonnes, virtually unchanged from 1976, the Ministry of International Trade and Industry (Mltl) predicted today. UPI
      UPI  -  40 words
    • 42 1 UPI NEW YORK, Tues. Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 Indus 949.63, down 3.91; 20 transp 229.79, down 0.39; 15 utlls 106.34, down 0.54; 65 stocks 311.51, down 1.15 UPI.
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  • Chief Price Changes
  • 934 1  - Singapore: No more a poor' nation NEW STATUS WORKS AGAINST US By SOH TIANG KENG SINGAPORE'S per capita Income an Important Index of the nation's wealth and level of economic development has Jumped nearly five times In 16 years. Last year. Its ONP per head of population was $6,329 (U552,572)
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  • 174 1 LA PAZ, Tues. Bolivia's Medium-size Mines* Association proposed here that the US contribute tin to the International Tin Council's buffer stock. The association, whose members account for about 23 per cent of Bolivian tin output, was commenting on an unofficial US government study which
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  • 142 1 THE TABLE lists the 30 "richest" countries in terms of GNP per capita. The figures, compiled by the Union Bank of Switzerland, give in the first column the amount of GNP per capita converted to U.S. dollars at average 1974 exchange rates, and In the second column
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  • 543 1 SEMBAWANG Shipyard has improved its productivity scheme, approved by the Ministry of Labour in December last year, to include a more comprehensive and precise set of formulae and a "bonus fund" of $1 million. This is the first productivity scheme ever to
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  • 396 1 KUALA LUMPUR, Tues. The Malaysian economy registered a double-digit growth of 11 per cent (at market prices) last year the first time since 1973. This was three per cent higher than Finance Minister Tengku Razalelgh Hamzah's budget estimates at the end of October last year
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  • 67 1 KUALA LUMPUR, Tues. The Industrial Coordination Act will be amended to Include a provision for appeals, the Deputy Prime Minister, Dr. Mahathir Mohamad, said today. This, he added, will be in the form of a special committee of several ministers. The setting up of the committee is
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  • 278 1 Reuter TOKYO, Tues. The US dollar plunged to its lowest rate against the yen in almost three years on the Tokyo foreign exchange market today. The dollar ended the day at 279.70 yen (552.47), a drop of 1.60 yen on Friday's
    Reuter  -  278 words
  • 45 1 UPI BEIRUT, Tues. Beirut international airport is now open for air traffic 24 hours a day. airport authorities said today. Airlines have been notified that as of midnight yesterday the airport would become operational round the clock, the authorities said. UPI.
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  • 398 1 Reuter JAPAN, Indonesia. Malaysia and Singapore have begun a five-day preparatory conference In Tokyo, to draw up a common navigation chart and to negotiate on tidal surveys for the Straits of Singapore and Malacca. The meeting, which started yesterday, will lay the
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  • 179 1 UPI MANILA, Tues. The Philippine Central Bank said today It approved foreign investments totalling US$l4B million (***** million) last year. The United States was the biggest Investor with $59 million, followed by Japan with $44 million. The manufacturing sector accounted for $93 million or 63
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  • Page 1 Advertisements
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  • OVERSEAS
    • 269 2 Reuter WASHINGTON, Tues. The US Congress yesterday moved a step closer to approving President Carter's economic stimulus plan that Includes a US$5O (Ssl22) tax rebate for Americans. The bill, which cuts taxes by a total of $31.3 billion In financial years 1977-1978, was
      Reuter  -  269 words
    • 63 2 UPI JERUSALEM, Tues. Israel devalued Its currency yesterday for the second J time In less than a month, raising the unofficial rate of the pound against the dollar to 9.31 from 9.12. The official rate against a j basket of five major foreign currencies went
      UPI  -  63 words
    • 618 2 NO SIGN OF A DEAL YET NYT LONDON, Tues. Prime Minister James Callaghan yesterday met with leaders of two minor parties, seeking a deal that would prolong the life of his beleaguered labour Government. With a vote of confidence In the House of Commons only
      NYT  -  618 words
    • 259 2 UPI PARIS. Tues. A landslide communist-socialist victory in municipal elections sparked panicky selling yesterday on the Paris stock market as the defeated government parties accused each other of being responsible for the Left's victory. Paris bource prices dropped an average four per cent on
      UPI  -  259 words
    • 141 2 AP WASHINOTON, Tues. A struggle between banks and retail chains for control of "plastic currency" networks was foreseen yesterday In testimony before a US Senate Banking Committee. The committee Is Investigating the Implications of electronic fund transfer systems. "It Is the customer who
      AP  -  141 words
    • 246 2 AP NEW YORK, Tues. The Global economy, unexpectedly resilient over the past five years, should be able to maintain a moderate rate of recovery this year, Bank of America said in a report released yesterday. However, long-term problems, including large debts in developing
      AP  -  246 words
    • 278 2 UPI KINSHASA, Tues. Another consignment of US emergency aid was expected to arrive today to help Government troops fight an Invasion of the copper-rich Shaba province. The Government has denied reports of fresh fighting In the area. A Jumbo Jet loaded with US$l.5 million
      UPI  -  278 words
    • 634 2  -  By MICHAEL HUGHES Reuter SALISBURY, Tues. International economic sanctions designed to end Rhodesia's breakaway from British colonial rule 12 years ago have Inspired selfslfflclency In all sectors of Industry. Before Its unilateral declaration of Independence (UDI) In 1965, Rhodesia's shops were full of foreign goods, largely
      Reuter  -  634 words
    • 458 2 UNITED NATIONS, Tues. African and non-aligned leaders challenged the United States yesterday to live up to President Carter's human rights appeal by consenting to an arms embargo and economic sanctions against South Africa. Four speakers In the Security Council referred to Mr.
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    • 241 2 Reuter MAR DEL PLATA, (Argentina), Tues. The UN's water conference meeting here Is about to tackle the most controversial Issues of the meeting financial aid for water resources development in Third World countries and a statement condemning colonialism. The two-week conference Is entering Its final stages as
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    • 336 3 Reuter LONDON, Tues. Mexico is investigating the possibility of increasing oil exports to the United States and starting shipments to western Europe, following uprated estimates of the country's reserves, officials of the Mexican Government's state oil agency Petroleos Mexlcanos (Pemex) said here. This
      Reuter  -  336 words
    • 134 3 AP BELGRADE, Tues. A Japanese economic delegation led by Mr. Yugoro Komachu held talks with Yugoslavian officials yesterday aimed at promoting economic cooperation between the two nations. Mr. Komachu Is a counselor In the Japanese Foreign Trade Ministry. Mr. Stevan Susa, secretary of the
      AP  -  134 words
    • 367 3 PARIS, Tues. Labour unions are pushing their demands for relaxation of the government's austerity programme in the light of the Opposition's dramatic victory In the weekend's nationwide municipal elections. "No waiting, we want to negotiate now," Mr. Edmond Malre, leader of the socialist-backed French
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    • 467 3 Reuter ROME, Tues. Italy will have to pledge not to Introduce any new exchange controls, price curbs or restrictions on credit which would have an impact on external commercial dealings in any letter of Intent it sends to the International Monetary Fund when applying
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    • 484 3 Reuter WASHINGTON, Tues. The United States may import an average of eight million barrels of oil per day this year, compared with an average of 5.5 million to six million per day in 1976, Federal Energy administrator John Oleary said.
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    • 634 3  - Visa —new name for credit cards By TOM FENTON AP BANKAMERICARD, Barclaycard, Cart Bleue. Sumitomocard and a host of other blue, white and gold charge cards around the world are getting a new name: visa. Cards bearing that name are being issued in the United States and the change is
      AP  -  634 words
    • 309 3 UPI NEW YORK, Tues. Foreign bankers doing business In the United States think New York City will remain the world financial capital despite its own fiscal problems, according to survey findings made public yesterday. Of the 149 foreign bankers responding to a poll
      UPI  -  309 words
    • 238 3 Reuter CHICAGO, Tues. Americans will salt away an unusually large proportion of their earnings In the second quarter of 1977, the Continental Illinois National Bank said last week. The bank said it expects consumers to save eight to nine per cent of their
      Reuter  -  238 words
    • 125 3 Reuter PARIS, Tues. Italy, though economically handpressed, has regained its position as number one importer of French chamChampagne Producers' Organisation reports that the Italians drank 6,283,671 bottles of "bubbly" last year, almost double their 1975 consumption. The Belgians followed a close second with 6,238,976
      Reuter  -  125 words
    • 356 3 Reuter LONDON, Tues. The British Oovernment, scheduled to Introduce Its annual budget on March 29. Is pondering what parliamentary or constitutional problems may arise In relation to financial changes If the Opposition defeats the government on a confidence vote tomorrow, Informed political sources
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    • 146 3 Reuter LONDON, Tues. Militant dockers last night occupied their union headquartes here for six hours in protest against the decision to close the loss-making port at Preston, northwest England. Cargo handling all over Britain was hit as some 25,000 dockers answered a call for a one-day
      Reuter  -  146 words
  • Page 2 Advertisements
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  • Page 2 Miscellaneous
    • 44 2 I THE WEATHER I WEATHER report for 24 hours prior to 7.30 p.m. on March 22 at Singapore airport. Maximum Temperature Associated Humidity Minimum Temperature Associated Humidity Hours of Sunshine Rainfall in Millimetres Total Rainfall for the Month Total Rainy Days for the Month
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    • 282 2 RADIO TV SINGAPORE 5 3.00 P.M. Opening Announcements followed by Serbanika (r) Malay 3.30 Diary of Events (Malay) 3.35 General Hospital 4.15 International Zone Woman Power The People's Choice (r) 4.45 Intermission 5.55 Opening Announcements followed by Electric Company 6.20 Consumers' Guide (English/Malay) 6.30 News in Brief 6.35 Wildlife in
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  • COMPANY NEWS
    • 446 4 IN line with market expectations, Carlsberg Brewery Malaysia has achieved record pre-tax profit In 1976 and proposed a maiden dividend of 10 per cent. With the pre-tax profit of M 54.85 million, Carlsberg has wiped out the last of the accumulated losses of $5.15 million.
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    • 520 4 Current Ex Date Total for Total for payment Date payable the year previous year Wilkinson Process 15% Mar 7 Mar 24 20% 39. l%a Idris-Hyd 30%I Mar 25 60%I 71.5% Tanjong Tin 13.3%I Mar 25 25.7%I 30.9% A. Amalgamated 30% I Mar 14 Mar 31 30% I 50%
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    • 255 4 MALAYAN Cables has managed a growth rate of 12 per cent In 1976 largely as a result of the upturn In Its earnings In the second six months. Pre-tax profit at M 53.95 million for the year ended Dec 31, 1976 compared with $3.53
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    • Latest results
      • 58 4 Pre-tax profit £4.13 million (£3.03 million) on sales £11.63 million (£9.17 million) for year ended Oct 31, 1976. Profit Includes other income £468,000 (£338,000). Tax £2.12 million (£1.69 million) leaving £2 million (£1.33 million). Earnings per share 6.18p (4.12p). t Special dividend of 5.*****p will be paid
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      • 42 4 Pre- tax profit £304,000 (£195, 000) Including other income £125,000 (£100,000) on sales £676,000 (£399,000) for the first six months ended Dec 31. 1976. Profit is after reDlantlne expenditure £34,000 (£l7, 000). Tax £155,000 (£95,000) leaving £149,000 (£100,000).
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    • 393 4 GOPENG Consolidated, one of the last major British tin companies holding out In the current wave of changing domiciles, has annouced a 36 per cent increase in gross profit to £2.6 million for the year ended Sept 30, 1976. The company achieved
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    • 165 4 THE earnings slide suffered by British and Malayan Trustees In 1975/ 76 Is continuing in the current year ending June 30, 1977. According to Its latest Interim report, the slide has accelerated and pre-tax profit Is likely to end about 30 per cent
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    • COMPANY MEETINGS
    • 105 4 HONGKONG, Tues. Consolidated net profit at Anderson (Holdings) Jumped to HKS9.3B million from $1.53 million last year. Profit Is after extraordinary Items. With the bullish results. Anderson, a subsidiary of Hutchison International, has raised the final dividend to 11 cents from the three cents, making a
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    • 76 4 MELBOURNE. Tues. Woodslde-Burmah Oil has suffered a consolidated operating loss of A 51.33 million last year. This is a reduction from the $4.44 million incurred in 1975. Revenue was practically unchanged at $2.58 million compared with $2.57 million last time. The loss is after tax of
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    • 72 4 FRANKFURT. Tues. The Kingdom of Norway Is considering raising a 200 million mark Eurobond via a consortium led by Deutsche Bank, primary bond market sources said. Conditions are still being negotiated but the coupon will probably be below the 6Vt per cent carried by Norway's 200
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    • 1688 4  -  By TIM PRITCHARD FT POLITICAL and economic uncertainties have knocked a lot of life out of stock trading in Canada, to the dismay of Investors and brokers. But It has hastened a much-needed consolidation of the securities business Into fewer, more stable and diversified firms.
      FT  -  1,688 words
    • 1438 4 On March 21 ON the Chicago Board Options Exchange, a total of 81,118 was traded on Monday compared with 76,229 on Friday. OPTION APL JLY OCT STOCK Alcoa SO 81/8 9 01/2 58 1/8 Alcoa 60 5/8 21/4 31/4 58 1/8 Am Tel 50 UNTRD NOL NOL
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    • 261 4 LONDON. Tues. On turnover some £14.9 million higher at £39.44 million, pre-tax profit of frozen food and freezer retailers. Bejam Group more than doubled from £1.26 million to £2.66 million in the 26 weeks ended Jan 1, 1977. thus exceeding the record £2.64 million achieved
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  • Page 4 Advertisements
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  • INTERNATIONAL COMPANY NEWS
    • 166 5 Reuter NEW YORK, Tues. Bankers Trust New York Corp's international net loan losses totalled US$l4.2 million or 0.22 per cent of its $6.37 billion of International loans and acceptances outstanding at end--1976, the company's 1976 annual report said. Bankers New York, whose principal banking subsidiary
      Reuter  -  166 words
    • 146 5 PITTSBURGH, Tues. Gulf Oil Corp said its first quarter 1977 earnings may be well below the US$l9B million or $1.02 per share reported in first quarter 1976. Gulf said In a statement this estimate is based on a preliminary review of January and February operations.
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    • 103 5 Reuter CLEVELAND, Tues. Standard Oil Co of Ohio said based on preliminary and unaudited results of operations for the first two months of 1977, the company expects that net Income and income before interest, income taxes and extraordinary items, for the first quarter will be substantially below year ago
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    • 450 5 LONDON ,Tues.- Profit maiglns 'of Imperial Chemical Industries pharmaceuticals division are likely to recover this year after three years in which profitability has fallen from 29 per cent to 17.08 per cent, corporate planning manager Cliff Farren said. Last year's sales, affected by withdrawal of
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    • 401 5 MERCHANT bank Baring Sanwa Multinational (BSM) of the Cayman Islands has announced after-tax profit of U*****,000 for 1976, an Increase of 54 per cent over the previous year. Total shareholder funds stood at $16.5 million while total assets came to US$BO million at end-1976 24 per cent
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    • 501 5 LONDON, Tues. New talks have begun between Sir James Goldsmith and Prudential Assurance after the controversial abandonment by Sir James' French master-company, Generale Occldentale, of its planned bid for the 49 per cent, it does not hold In the British Cavenham group. The circumstances
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    • 979 5  -  LONRHO By MARGARET REID FT "WHERE will Lonrho strike next?" is the uncomfortable query in City and company boardrooms after Mr. Tiny Rowland's unpredictable conglomerate group had brought off a major surprise with its t'7 million purchase of a 24 per cent stake in Scottish and
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    • 221 5 Reuter ZURICH. Tues. Gulf and Western Industries Inc. expects a 10 per cent decline in net earnings for the fiscal year ending July 31. 1977, executive vice president Martin S. Davis said. Net earnings per share are expected to decline from 15 to
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    • 98 5 Reuter NEW YORK. Tues. Celanese Corp said it expects 1977 capital spending to be about US$24O million, up from $223 million last year. The company also said In its annual report it has developed what it called an Inherently non-flammable fibre, based on polybenzimidazole, for the US Air
      Reuter  -  98 words
    • 152 5 Reuter WASHINGTON. Tues. US pre-tax corporate profits rose by US$4.3 billion to a seasonall;. an Justed annual rate of $154.5 billion In the fourth quarter after a $4 billion gain In the third quarter, the Commerce Department reported. For 1976, pre-tax corporate profits totalled $148
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    • 96 5 Reuter LIVONIA, Mich., Tues. Ford Motor said it is recalling 480.000 1968 and 1969 Ford Mustang and Mercury Cougar automobiles in the US because of a seat defect. Another 32,000 vehicles in Canada and 1,000 In other countries are being recalled for the same reason, bringing the
      Reuter  -  96 words
    • 212 5 AP PITTSBURGH. Tues. The Aluminum Company of America (Alcoa) said yesterday It is raising the price of primary aluminum Ingot products an average of 5.8 per cent effective on Friday. A spokesman for the largest US aluminum producer said the Carter administration was advised of
      AP  -  212 words
    • 61 5 DETROIT, Tues. American Motors Corp said its A.M. General Corp unit received a contract to build 6,380 quarter-tonne delivery vehicles for the US postal service. The company said the contract is worth U5523.9 million and Includes an option for another 2,000 units which could bring the total value
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    • 32 5 AMSTERDAM. Tues. The Norsk Hydro AS 75 million guilder 8 3 <« per cent, 15-year debenture loan priced at par was oversubscribed and allocations will be small, the issuing consortium said.
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    • 378 5 LONDON. Tues. Reporting a better-than-forecast pre-tax profit up from £1.62 million to £3.94 million In the first half to Dec 31, 1976. the directors of Cope Allman International, the packaging, engineering, fashion and leisure group, say they expect the full year total to go
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    • 204 5 Reuter TOKYO, Tues. With overseas sales making all the running, Sony has raised consolidated net income by 52.4 per cent to U5538.55 million ($25.3 million) in the first quarter ended Jan 31, 1977. Sales rose to $453.57 million from $406.75 million. Pre-tax income was $76.28 million ($54.97
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    • 305 5 COPENHAGEN. Tues The East Asiatic Company annual report describes the prospects for the company's liner shipping activities as "forbidding" in view of increasing international flag discrimination. The company, witn a rieei of 29 ships totalling 509,000 gross tonnes, singles out the discrimination which has arisen as a
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  • 2181 6 Gr'» Gi"a Net irrvr? Last dlv Dlv yli P/E Vol Day High Low Company Sale +or- e'vr C000) High Low SECTION ONE INDUSTRIALS 175* 133 Acma 145 -1 12 ON 1.1 8.2 7.3 2 145 145 133 127 Acma A 132 12.ON 1.1 9.0 6.6 206 172
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  • 1004 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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  • 1358 6 BID and offer prices officially listed and business In and reported to the Kuala Lutrpur Stock Exchange yesterday with number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified INDUSTRIALS Aema (I 458 i A. Tap* (0.498) 111 04V Alcom 11.9781 A.
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  • 118 6 STRIKING price* of the *tock option* officially listed on the Stock Exchange of Singapore, the period*, bid and offer price* and bu*ine*s done yesterday, with the number of option* traded ihown in bracket*. D.B.S. (June 53.60) (0.14B) (Sept $3.60) (0 18B) Inchcape (June $2.40) (0.108) (17) 0.10 Pan
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  • 154 6 SINGAPORE UNIT. TRUST INCOME BOND UNIT (Managers' price* for Mat 23) (Current prices) The Commerce 1.74 1.84 INCOME BOND 1 10 1.18 The Savine Fund 0 87 0 02xd 8 'pore Prog Fund Security 0 77 0.82 1.42 1.50 MARA BUMIPUTRA FUND (Manager*' prices for Mar 23) S'pore
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  • 156 6 B O T 8 1/2% 1981 (100.000) (1038 103 3 »S) D B S 8 1/2% 1982 (100,000) (100'«B 101S) DBS Convert! 6 1/2% 1991 (100,000) (96 7 iß 97SS) E I B 9% 1982 (100,000) (103'.8 104S) E I B 8 1/4% 1983 (100,000) (1008 100'jS) I
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  • 128 6 5 1/2% 1/12/77 (1,000,000) (101.508 101.655) 5% T F 1/3/78 (1,000.000) (102.658 102 85S) 5 1/2% 15/4/78 (1,000.000) (101.638 101.735) 5 1/4% 15/7/78 (1,000.000) (101 558 101 595) 6 1/2% 15/8/78 (1,000,000) (103 208 103.355) 7% 1/7/79 (1,000,000) (104.508 104 955) 5 1/2% 1/10/77-79 (1.000.000) (101 588
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  • Page 6 Advertisements
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  • 607 7 ACROSS-the-board loimi were recorded In lacklustre trading at the Stock Exchange of Singapore yesterday. Investment buying support was at a low ebb. Throughout the day trading conditions were depressed, with sellers' orders mostly unfulfilled and until the close there was still a reserved pool of sellers.
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  • 337 7 SHARE prices continued to ease In another quiet trading session at the Kuala Lumpur stock market yesterday. Stale-bull liquidation and stop-loss selling were still responsible for the market's decline. Short-sellers aggravated the situation. The New Straits Times Industrial index fell 1.29 points to close at
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  • 89 7 SYDNEY, Tues. Iron ore shipping from the port of Dampler, Western Australia, by Hamersley Holdings has returned to normal and the backlog from an industrial dispute has been shipped, company sources in Dampler told Reuter by telephone. Shipping returned to normal by the weekend after Hamersley's port
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  • 70 7 Reuter HONGKONG. Tues. Planters Products of the Philippines if raising a US$6O five year loan at 1% per cent above the six months London Interbank offered rate, banking sources said. Lead manager is the Citicorp international group, and an agreement Is expected to be signed later this week, they
    Reuter  -  70 words
  • WALL STREET AND OTHER OVERSEAS MARKETS
    • 1133 7 NEW YORK: Gains by the French left in municipal elections, upheavals In Africa and Inflation fears at home weighed heavily on the stock market on Monday, as prices cioeed sharply lower In light trading. Another bearish report came from the commerce department which reported that new factory orders
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    • 458 7 PARIS: The market was sharply lower following the result of the second round of the municipal elections which showed widespread gains for the socialistcommunist alliance, dealers said on Monday. Sales by small Investors rather than Institutions were the main factor depressing share prices Virtually all sectors weakened with some
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    • 347 7 FRANKFURT: Shares closed mixed with French municipal and German state election results having little effect on the market, market sources said on Monday. In chemicals, Ba»f rose 0.20 marks, Bayer gained 1.20, Hoechat was unchanged. Deguaaa fell 1.50 marks Electrlcals generally firmed slightly with Siemena gaining one mark. In
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    • 159 7 BRUSSELS: Prices closed generally lower In quiet trading, dealers said on Monday. Intercom. Hoboken and Cockerill rose but Wagon* LiU was little changed despite Its higher dividend and profits. Union Miniere, Hainaut-Sambre, Moaanne, St Koch and CBR all fell Gold mines were little changed. UK. US and French stocks
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    • 373 7 JOHANNESBURG: Gold shares traded quiet and narrowly mixed toward the close, while the rest of the market remained quietly steady, dealers said on Monday. Financial minings were also mixed but with an easier bias. Elsewhere. De Beers gained a net four cenU to 457. and Anamint rose 50 cents
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    • 406 7 SYDNEY: Minings led the market higher, with gold and energy stocks In demand, although profit-taking pared some early gains, dealers said on Tuesday. The Sydeny All-Ordinaries Index rose 2.54 points to 441.75. Tliieaa closed with a three cent gain at $1.73 while WoodaideBurmah advanced five cents to $1 07
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    • 171 7 MILAN: The market closed Irregularly higher In subdued trading at the start of the new account, dealers said on Monday. Fiat, Snia Viacoaa, both Pirelli and Olivetti ordinary rose marginally while Montediaon. Olivetti prtvlledged and Anic fell. Generate Immobiliare, fell to 04 lire against 108 last Friday Mediobanca firmed
      171 words
    • 428 7 HONGKONG The market was generally firmer, with buying interest re-emerging towards the close in more active trading, dealers said on Tuesday The Hang Seng index rose 3 94 points to 419 55 points Interest centred on Swire group shares, with Swire Pacific closing unchanged at $8 60 on the
      428 words
    • 306 7 AMSTERDAM: The market was narrowly mixed In dull conditions and most Dutch Internationals fell 0.10 guilders, although Royal Dutch closed 0.80 down and Akzo rose 0.10 on Monday. Banks and trading and Industrials were slightly firmer. Transports and insurances were mixed, while Van Gelder was unchanged despite passing its
      306 words
    • 495 7 TOKYO: The market closed lower on Tuesday, led by export oriented shares on liquidations following the yen's sharp rise, with Wall Street's fall also affecting sentiment, dealers said. The Dow Jones average lost 24 61 to close at 4.989 09 with volume 150 million shares. The New Index closed
      495 words
    • 320 7 TORONTO: Oolds remained the only sector to record substantial gains as the market closed lower In moderate trading on Monday Declines led advances 194 to 182. Realty Capital Corp was 10 cents higher at $3 10 following the company's report of higher year earnings Monarch Wear which recorded a
      320 words
    • 282 7 ZURICH: The market was generally steady on hopes for a Swiss economic revival, dealers said on Monday The stability oi the Swiss franc at a relatively low level also tended to bolster market sentiment. Swissair rose, and banks were slightly firmer. Among financial. Interfood was sought In industrials. Hero,
      282 words
    • 176 7 MANILA: The market fell across the board on profit taking, with turnover virtually unchanged on Tuesday at 5 61 million pesos compared with Monday's 5.62 million Gainers Included Acoje Mining and Benguet Con B but Atlaa Con A and B, Baguio Gold, Lepanto B, Philex A and B, Phil
      176 words
    • 89 7 MAR a Bants 47Asia Fibre 134 1 Bangkok Bank 253 Bangkok Invest 1S9 -2 Bangkok-Metro-politan Bank Bata 403 ♦10 Berll Jucker IBS ♦3 Charoong Thai Wire 1488 unch Dumex DusltThant Faber Merlin First Trust Indo-Thal 1808 -5 Industrial Finance Corp 1085 J And J Ho 217 Jalaprathan Cement 88
      89 words
    • 71 7 FINANCIAL TIMES INDUSTRIAL Monday .414.4 Friday 428.5 Week ago 428.8 DOW JONES AVERAGE INDUSTRIALS Monday 953 54 Friday 961 02 Week ago 958 36 LONDON DOLLAR PREMIUM Monday 112% to 113% Friday 110 to 110'/» H.K. HANG SENG Monday 415.61 Friday 416 19 Week ago 415 45 SYDNEY INDUSTRIALS
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  • Page 7 Advertisements
    • 351 7 Emit M3BI Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the fa* pasar ma/am! Because Penguin books are rather m special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational JI ml quite unlike
      351 words

  • COMMODITY REPORTS AND PRICES
    • 299 8 IN the Singapore rubber market yesterday prices advanced marginally In early trading on some shortcovering and speculative buying but fell back latterly on scattered selling In quiet trading, dealers said. Turnover was small. The market closed quiet with April RSS One buyers quoted at 204.00
      299 words
    • 29 8 Rubber: Mar 22 Singapore: April 204.00 eta (unch) Malaysia: April 207.00 cts (up 0.25 ct) Tin: 51,534.12'4 (down $43.87 Vi) Official offering: 230 tonnes (down 15 tonnes)
      29 words
    • 90 8 R.A.8. (Cu Ayril rrrat Mtk) (Pomr^Mth) Buyari Salter* <oeaUp«k|) (■Hi Saltan i par kg) S8R20 (1-ton Pallet) 199.00 197 OON 19*90 1M SON SSR50 M B F I R (1-ton Pallet) 193.90 194 SON 194.00 196.OON 8MR9CV (1-ton Pallet) 223.90 228 SON 236.90 23B.90N SMRSL (1-ton Pallet)
      90 words
    • 205 8 THE Straits tin price in Penang yesterday was down $43.87 Vi to $1,534. 12yi on an official offering down 15 tonnes to 230 tonnes In LONDON yesterday, tin ended the morning around £27 down for Cash and £31 lower for Three Months in both contracts. Dealers said sentiment
      205 words
    • 120 8 THE following Palm Oil prices wer« are elf Rotterdam and are quoted in quoted in London on Monday The prices US dollar per ton unless otherwise stated Miadiv Pre*. Malaysia i% ffa bulk 838 qtd 828 sir May Sumatra 5* Mch unch 813.80 pd Apl unch 830 pd
      120 words
    • 838 8 IN the Singapore gold market yesterday, the kllobar was traded In the range of 552,140 to 5512.155. Trading In the afternoon was hectic and confusing as the loco London price swung like a yoyo. The loco London gold opened at U*****.70/153.20 and was traded to a low of U*****.00/152.50
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    • 334 8 LONDON, Tues. Copper wlrebars were £0.50 lower for Cash and £0.50 higher for Three Months in the morning. Dealers said the market retained a firm undertone with continued trade buying absorbing bouts of profit-taking. Trading In the premarket started at £933 for Three Months but down to £929 was
      334 words
    • 79 8 LONDON, Tues. Lead gained £1.75 for cash and £1 for Three Months In the morning. The market was still extremely nervous with continued llqudatlon Inducing trade support at the lower 1 levels, dealers said. 1 In the pre-market. Three Months fell to £414 from £423 but then recovered some
      79 words
    • 275 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil Bulk Sl2O sellers, old drum *125 sellers, new drum >130 sellers Copra Mixed (loose) UK/Cont. 174 buyers Pepper: Muntok ASTA white t.o.b. 100% NLW *415 sellers. Sarawak white to b 90% NLW $395 sellers. Sarawak special
      275 words
    • 51 8 LONDON, Tues. Zinc which hardened by £1.50 for Cash and £1 ror inree Months in the morning had earlier attracted selling pressure, most of It hedging. Three Months slipped to £428 In the Ring but then steadied to £432 on small covering support. Sales of 1,575 tonnes were mainly
      51 words
    • 360 8 LONDON, Tues. Robusta futures ended the opening call Irregular, £100 to £54 per tonne down from last night. 387 lots were traded. The biggest loss of £100 was In Spot March. July, however, lost £56 at £4,200 having traded at a low of £4,170. Dealers attributed the decline to
      360 words
    • 161 8 CHICAGO, Mon. Soybean futures finished the session with gains of 22ft to two cents a bushel, led by the August, with old crop months at or Just below the day's highs. Although the highs were below the seasonal tops, the final prices represented a new high close. Prices advanced
      161 words
    • 123 8 CHICAGO, Mon. Wheat futures closed Just below the day's highs, with gains of 2'/> to 3'/« cents a bushel on a relatively light trade. Prices firmed in early dealings on limited buying interest encouraged by strength in soybean futures and additional reports on continued concern over drought In China.
      123 words
    • 192 8 LONDON, Tues. Sliver was unchanged to 0.5 pence higher after moderate morning trading of 78 lots. Three Months values were at record 298.5 pence in the early pre-market, but then receded under profit-taking prompted by the downturn in gold and uncertain trend of most base metals, dealers said. The
      192 words
    • 277 8 LONDON, Tues. Sugar futures had first call gains of £1.15 (near May at £135.80) to £2.15 per tonne, but prices were marginally below last night's Kerb levels. Dealers attributed lack of follow-through to sporadic profit-taking. They said much of the Kerb steadiness stemmed from New York and the market
      277 words
    • 219 8 BANGKOK, Tues. Indicative prices quoted for rice were: US dollars per tonne fob basis Bangkok White Rice 100 per cent Ist class 289 100 per cent 2nd class 272 100 per cent 3rd class 207 5 per cent 257 10 per cent 238 15 per cent 235 20 per
      219 words
  • MONEY AND EXCHANGES
    • 626 8 HANGING on to the level reached on Monday, the Japanese yen continued to play around Yen 279.60 against the US dollar In yesterday's local forex market. Dealers said there was little local interest in the Yen, primarily because of uncertainty about the direction It will take. Some local dealers
      626 words
    • 187 8 Asian rates Asian currency deposit Interbank rates as at close on March 22 L'S Dollar! I Spot 1 Offer BM 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths 4 7/8 4 15/16 5 1/16 5 5/16 5 5/8 5 7/8 6 1/8 4 3/4
      187 words
    • 43 8 RANGE of prlc«s offer by discount houses on March 22 Overnight H to 3* Call deposit 3S Clonal Buy Selliiic 3-Month Treasury bills 3 2 7/8 3-Month Bank bills 315/16 313/16 3-Month CD 41/8 4 6-Month 43/8 41/4 Source: National Discount Co
      43 words
    • 153 8 Euro rates LONDON, Tues. Eurodollar deposit rates opened little changed, and traded steady continuing the recent quiet, trend, dealers said. An Initial gain of H in Three Months reflected a Friday end of period, but other longer positions were unchanged. The slightly Increased yields at the weekly US Treasury Bill
      153 words
    • 259 8 LONDON, Tues. Sterling and the dollar steadied after their sharp movements In European currency centres yesterday. The yen pared yesterday's sharp advance as Tokyo reopened today but the Bank of Japan does not appear to have attempted artlflcally to depress Its currency through intervention, dealers reported. The yen traded
      259 words
    • 204 8 NEW YORK, Mon. The dollar closed weaker as funds flowed Into strong currencies on expectations that Japanese Premier Takeo Fukuda's talks with President Carter in Washington on Monday and Tuesday may lead to assurances to reflate the Japanese economy, dealers said. News that US durable goods orders In
      204 words
    • 113 8 TOKYO, Tues. The yen rose steeply following Its appreciation In overseas centres and amid market uncertainties pending the outcome of the Japan US summit talks In Washington but no Central Bank intervention was detected, dealers said. The US dollar for overnight delivery closed at 279.70 yen compared with 279.50
      113 words
    • 195 8 HONGKONG, Tues. The US dollar fell back to* a late HK54.6360/80 In fairly active trading, after being traded at a high around $4.65 In the morning, comEared with yesterday's after ours $4.6370/ 6400 level, dealers said. The US unit's early firmness, despite Its weaker trend overseas, followed buying by
      195 words
    • 56 8 Minimum lending rates (in ACBC 6 1 Algemene Bank 6\ Bangkok Bank 7 Bank of America 8*» Bank of China .7 Bank of Tokyo Bank Negara Indonesia 7 Chartered Bank Chase Manhattan DBS .OS First Chicago Citibank 6*. HSBC 7 Indosuez fl* Malayan Banking 6H Mitsui Bank 6*4 OCBC OUB
      56 words
    • 47 8 AUSTRALIA/NZ exchanges quoted on March 22 Australia: Sterling 0.6447/0.6376 US dollars 1.1037/1.0989 Ninety-day air mail buying rates: Sterling 0.6679 US dollars 1.1287 Ninety-day forward buying rates: Sterling 0.6508 US dollars 1.0939 New Zealand: Sterling 0.5588/0.5557 US dollars 0.9644/0.9544 Ninety-day forward rate: Sterling 0.5892 US dollars 0.9830
      47 words
    • 47 8 ZURICH exchanges closing quotes on March 21 US 2.5470-5477 UK 4.3730-3760 Can 2 4225-4245 W Germ 106 56-64 Neth 102 00-102.08 France 51.09-13 Belg 6.94 3 '«-95'/ 2 Denm 43.52-55 Norw 48.58-56 Swed 60.51-55 Italy 0.2869-2872 Austria 15.02-04 Port 6.58-60 Spain Arg 0.75-90 Japan 0.90-91 V»
      47 words
    • 33 8 FRANKFURT exchanges opening quotes on March 22 US 2.3883/93 2.3885/95) Can 2.2810/30 UK 4.100/110 Neth 95.50/65 Switz 93.72/87 Italy 2.690/705 France 47.87/48.02 Norw 45.50/58 Belg con 6.514/524 Belg Fin 6.490/500 Japan 0.8540/50
      33 words
    • 310 8 LOKDON. Tues. The straight dollar sector was very quiet with prices basically unchanged Japanese convertibles were dull with US dollar bonds generally inactive. LONDON Eurobond prices on March M Straight* Bid Offer Austria 8* 90 100* 101 Bell Canada 8* 86 105* BFCE 8*» 83 101* 102* Brazil
      310 words
  • Page 8 Advertisements
    • 443 8 THESE ARE THE BOOKS THAT HITLER BURNED THE GREAT BOOKS OF WESTKRN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies, withered tyrants, opened
      443 words

  • TRANSPORT AND COMMUNICATIONS
    • 1983 9 JOHN WYLES ASSESSES THE FUTURE OF THE SHIPBUILDING INDUSTRY IN TOKYO TOKYO, Tuesday FT 'IMAGINE for a moment that Britain is the proud possessor of a major industry whose performance and quality of product could enable it to increase Its 50 per cent
      FT  -  1,983 words
    • 541 9 UPI WASHINGTON, Tues. Borrowing an Idea from the *****, the Federal Space Agency Is thinking of converting a used space shuttle propellant tank Into the nucleus of a large, permanent space station for the 1980s and beyond. It is only in the
      UPI  -  541 words
    • Article, Illustration
      398 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bendoran (after Eumaeus) 33/34 Cherry Vllja (B Barge) (1200) 48 Cornelia Maersk (0600 after Hoegh Pride) 3/4 Dominica Maru (0700 tide) 18 Fujltsukl Maru (JHNY) (1500 subject gas free) (PSA-P/O) 13/14 Konstantln Paustovskly (after Klnkasan Maru) (must sail not later than 27th/1100) 42/43
      398 words
    • 169 9 AP LONDON, Tues. The London freight market was at a virtual standstill yesterday because of a holiday in Japan and generally slow conditions elsewhere. Very few new fixtures were reported apart from a handful of miscellaneous grain movements and some further time-charter business on liner accounts. The
      AP  -  169 words
    • 104 9 UPI WASHINGTON. Tues. With the lifting of the US travel ban on Cuba, the Czech embassy In Washington is being flooded with requests for visa Information. An embassy spokesman said yesterday. "We are being flooded with letters, cables, visitors and calls," the spokesman said, adding that
      UPI  -  104 words
    • 577 9 ARRIVALS Service Local Operator Number Time From TMA MAS PAA CAL JAL SIA CPA TL304B MH682 PA841 CI816 JL712 SQ211 CX710 0530 0810 0950 1000 1000 1010 0915 TPE KCH SFO/HNL/OUM HLP HLP HLP HLP OIA THAI THAI OIA PAL SAS GA980 TG423 T0981 Q A 908
      577 words
    • 59 9 Reuter ST. LOUIS. Tues. The Ford Motor Company said yesterday that the Auto Workers Union struck Its Dlant here which makes fullsize Mercury cars. The plant employs about 2,500 workers, Ford said. It added that the dispute involves local working condi- tions. The regular production rate Is
      Reuter  -  59 words
  • Page 9 Advertisements
    • 164 9 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding Hawaii)
      164 words

  • 653 10  -  By BERNARD MELUNSKY Reuter THE Janata (People's) Party, a coalition of noncommunlst parties headed by an octogenarian, seems certain to form India's new government after the elections that ousted Prime Minister Indira Gandhi from Parliament. It was conceived out of a
    Reuter  -  653 words
  • 539 10 INDIAN ELECTIONS SPECIAL UPI MORARJI Desai, a stern vegetarian and teetotaler who spends several hours a day-spinning his own cotton. is a leading candidate to be the next Prime Minister of India. Mr. Desai is 81 but looks much younger. He walks with
    UPI  -  539 words
  • 572 10 UPI JAGJIVAN Ram, the man < who swung the elections the < Opposition way In the national polls. Is a strong 1 contender for the Prime Ministership of India. Mr. Ram is an untoucha- I ble and has risen from the 1
    UPI  -  572 words
  • 693 10  -  By PAUL CHUTKOW AP WHAT appeared unthinkable In India Just a few weeks ago has happened. Mrs. Indira Gandhi, the soft-spoken, iron-willed woman who has ruled India for the past 11 years, has lost her seemingly Infallible political touch. The 59-year-old Prime Minister has
    AP  -  693 words
  • Page 10 Advertisements
    • 367 10 NEW DIRECTIONS The magazine that actually says what you have been thinking all along. JamsNew Directions quarterly was born in late 1973 and has since then quietly set about its task to enhance the intellectual climate in Singapore. to stimulate the spirit of debate and to cast light on major
      367 words

  • 200 11 AP CAIRO, Tues. President Anwar Sadat was quoted today as urging the Palestine Liberation Organisation (PLO) to state clearly Its position before he goes to Washington for talks with President Carter. The semi-official newspaper A 1 Ahram said Mr. Sadat made the remark
    AP  -  200 words
  • 132 11 Reuter JAKARTA, Tues. Indonesia and Japan will hold talks In Tokyo this week on the delay of shipment of Indonesia's Liquefied Natural Gas (LNG) to Japan, according to chief of the state owned Pertamlna oil company, Plet Harjono. Mr. Harjono, who had just returned
    Reuter  -  132 words
  • 99 11 Reuter CANBERRA. Tues. Australian manufacturers reported a slowdown in industrial output and a decline in new orders for the three months since midDecember, the Australian Chamber of Manufacturers and Bank of New South Wales said In their quarterly survey of industrial trends. Manufacturers were more optimistic about
    Reuter  -  99 words
  • 427 11 Reuter LAHORE, Tues. Prime Minister Zulflkar All Bhutto has suffered a setback in his efforts to defuse political violence now gripping Pakistan, as opposition leaders refused to negotiate with him and instead renewed their call for his Immediate resignation. Leaders of the opposition
    Reuter  -  427 words
  • 463 11 Reuter MANILA, Tues. Mrs. Imelda Marcos, wife of the Philippines President, Is today due to end a crucial visit to Libya where she has been trying for the past 10 days to engineer a solution to the Muslim rebellion In the southern Philippines. Though
    Reuter  -  463 words
  • 530 11 Reuter MANILA, Tues. The United Coconut Association of the Philippines today warned of a possible vegetable oil shortage In 1978 if current production and consumption trends continued. The warning coincided with another US$5 (5512.3) rise on the local copra market to *****
    Reuter  -  530 words
  • 163 11 SHELL has begun building Singapore's first desalination plant, costing $6 million. The plant, to be completed by the middle of 1978, will convert sea water Into fresh water to generate steam for Shell's refineries in Pulau Bukom. With a capacity to produce six
    163 words
  • 142 11 UPI HONGKONG, Tues. Animal husbandry specialists in China's Inner Mongolia region have developed a new breed of sheep that produces more and finer wool, fattens faster and Is better able to withstand the region's rigorous winters, according to the New China News Agency (NCNA). The agency said
    UPI  -  142 words
  • 927 11 NYT NEW YORK, Tues. At a time when the United States and scores of other Western trading nations continue to meet regularly In Geneva to seek new agreements to reduce tariffs and expand world trade, It Is rather ironic that this country and others
    NYT  -  927 words
  • 267 11 A $10,000 MODEL of the Neptune Pearl was presented yesterday by Neptune Orient Lines (NOL) to the Port of Singapore Authority (PSA) for its Maritime Museum. This will be the first model of a container ship in the museum. Ita a simple
    267 words
  • 34 11 UPI MOSCOW. Tues. The visit of a Vietnamese military delegation led by Oen. Vo Nguyen Olap strengthened "friendship and all-round co-operation" between Vietnam and the Soviet Union, a .communique said yesterday. UPI.
    UPI  -  34 words
  • 285 11 AP BANGKOK. Tues. Thai military forces participating In joint operations with Malaysian troops seized three communist camps on a mountain range In southern Thailand yesterday after heavy artillery fire and aerial bombings, a military spokesman said today. The spokesman said each camp could accommodate
    AP  -  285 words
  • 213 11 UPI MANILA, Tues. The Philippines and Japan today began negotiations on a new treaty of amity, commerce and navigation, the Department of Foreign Affairs announced. In charge of the negotiations are Philippine Ambassador Pablo Suarez Jr. and Makoto Taniguchl, Charge d'Affalres of the Japanese Embassy.
    UPI  -  213 words
  • 707 11 Reuter WASHINGTON, Tues. A §rellmlnary examination of ovlet leader Leonid Brezhnev's proposals for a Middle-East settlement showed there Is an overlap with President Carter's policy outline last week. State Department officials, analysing Mr. Brezhnev's speech yesterday line by line, saw ltasa serious reply to
    Reuter  -  707 words
  • 162 11 UPI RANGOON, Tues Prime Minister U Seln Win told Burma's National Congress yesterday the time had come for his country to establish a 320 km exclusive economic rone to protect its national interests. In presenting the Council of Ministers' report to the Congress' annual
    UPI  -  162 words
  • Page 11 Advertisements
    • 596 11 APPOINTMENTS Factory Manager International Food Group requires Factory Manager for their Singapore Factory. Experience:3 to 5 years working experience at a supervisory level preferably in a Food Factory with further experience in new product development, purchasing and familiarity with local food and labour regulations. Qualifications: Tertiary qualifications in Food Technology,
      596 words

  • 701 12 Reuter AP UPI WASHINGTON, Tues. President Jimmy Carter last night proposed that Japan be given a permanent seat In the United Nations Security Council. Speaking at a White House dinner honouring visiting Japanese Prime Minister Takeo Fukuda, the American President did not
    Reuter; AP; UPI; AP photo  -  701 words
  • 760 12 LONDON. Tues. The stock market turned firm as operators speculated on possible Liberal Party support for the government In tomorrow's censure vote In Parliament, dealers said. Overall trading was light, and at 3 p.m. the Financial Times Index was up 8.2 at 422.6 Government bonds firmed up to
    760 words
  • 572 12 Reuter UPI AP NEW DELHI, Tues. Prime Minister Indira Gandhi resigned today following the defeat of the ruling Congress Party in elections here ending an era in Indian politics. Acting President B.D. Jattl accepted her resignation and that of her colleagues In the Council of Ministers
    Reuter; UPI; AP  -  572 words
  • 198 12 THE High Court yesterday awarded the Prime Minister, Mr Lee Kuan Yew 5100,000 damages in his slander suit against Teng Ah 800, a house painter. It Is understood that the damages were assessed and awarded by the Deputy Registrar of the High Court, Mr. Roderick
    198 words
  • 521 12 SINGAPORE'S 20-member delegation will leave for Brussels on Friday next week to attend the threeday Asean-EEC conference starting on April 4. Its task is to spell out the advantages of greater cooperation with and Investment In the five Asean countries to businessmen
    521 words
  • 563 12 KUALA LUMPUR, Tues. Citibank which operates branches in Kuala Lumpur and Penang has asked some of its account holders to voluntarily close their accounts. These are mainly small "non-borrowing" current account holders. Replying to Inquiries, Mr Eddy Shun, the bank's vicepresident, said that about
    563 words
  • 313 12 HONGKONG. Tues. A Hongkong newspaper Mid today Cambodia appears to be atriking out for Arienda in the non-communiat world on the advice of China. Commenting on the official viaita to Burma and Sri Lanka by Cambodian Foreign Miniater Mr. leng Sary, the South China
    313 words
  • 131 12 Aussie at its highest AP SYDNEY, Tues. The Australian dollar's value today rose to Its highest level since the 17.5 per cent devaluation announced last Nov 28. The Reserve Bank of Australia announced that the central rate against the US dollar was 1.1013 compared to the pre-devaluatlon rate of U551.2329
    AP  -  131 words
  • 70 12 SALES of gold bars by the Development Bank of Singapore yesterday were reported good. The response to DBS's entry into the local gold scene was especially favourable In the morning, when many enquiries were received. The bank also offers custodian service to customers who wish to deposit
    70 words
  • 882 12 SINGAPOREANS would most likely be able to buy cheaper beef when the Thai-Singapore Joint venture cattle farm Is operational, according to the National Development Minister, Mr. Llm Kim San. Mr. Llm, who was replying to backbenchers during the parliamentary discussion on
    882 words
  • 132 12 AP Reuter JAKARTA, Tues. Malaysian Communications Minister Tan Sri V. Manlckavasagam called on President Suharto today to discuss communications among the five nations of Asean. Tan Sri Manlckavasagam, accompanied by his Indonesian counterpart Mr. Emll Sallm, told newsmen that he was discussing with Indonesian authorities
    AP; Reuter  -  132 words
  • Page 12 Advertisements
    • 256 12 SEE PAGE 10 SECURE a BRIGHTER FUTURE in ACCOUNTANCY with FOULKS LYNCH Founded over a century ago, Foulks Lynch the specialists in accountancy education have tutored over 150,000 students around the world to success in the various accounting examinations. You too can be one of them. Now FOULKS LYNCH courses
      256 words