The Business Times, 24 March 1977

Microfilm: NL9063
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, MARCH 24, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Parliament adjourned
      37 1 PARLIAMENT has been adjourned to an unspecified date after yesterday's sitting during which It passed the main and development estimates for fiscal 1977-78. The Supply Bill and the Trades Union (Amendment) Bill were also passed.
      37 words
    • Article
      Lock icon Joint air exercise
      68 1 AP PENANG, Wed. An air defence exercise Involving the Malaysian, Australian and Singapore air forces will be held In the Butterworth and Singapore areas from March 30 to 31. Announcing this here today, the commander of the five-nation Integrated Air Defence System (lADS), air vice marshal J.I.
      AP  -  68 words
    • Article
      Lock icon Liberals behind Labour
      46 1 UPI LONDON, Wed. Prime Minister James Callaghan has concluded a deal with the small third ranking Liberal Party to throw their 13 votes behind him and save his Labour Government's life in a parliamentary confidence vote later today, reliable political informants said. UPI
      UPI  -  46 words
    • Article
      Lock icon Warning on TV duty
      77 1 UPI NEW YORK, Wed. The US International Trade Commission's proposal to raise duty sharply on imported colour television sets would cause "farreaching economic damage" to the Japanese electronics industry, the Japan Trade Centre said in a statement released here today. ITC has recommended that President Carter
      UPI  -  77 words
    • Article
      Expert for Petronas
      41 1 KUALA LUMPUR, Wed. The United Nations has agreed in principle to provide an expert from its development programme (UNDP) to help Petronas set up a centre for research In matters relating to petroleum, Datuk Hussein Onn said today.
      41 words
    • Article
      Lock icon Romans strike
      36 1 Reuter ROME, Wed. About one and a half million workers in Rome and the surrounding Lazio province went on strike today In protest at government anti-inflation measures which seek to limit wage rises. Reuter
      Reuter  -  36 words
    • Article
      Lock icon Giscard calls for unity
      42 1 UPI PARIS, Wed. President Valery Giscard d'Estaing said today his coalition must end its internal quarrels and begin "frank and loyal" cooperation if it wants to defeat the Communist-So-cialist alliance in parliamentary elections scheduled for next year. UPI
      UPI  -  42 words
    • Article
      Lock icon Japan team for Peking
      57 1 Reuter TOKYO, Wed. A high-powered Japanese economic mission will pay a four-day visit to Peking next Wednesday at the Invitation of the international trade promotion committee of China, a mission spokesman said today. The nine-member mission sent by the Federation of Economic Organisation (Keldanren) will be
      Reuter  -  57 words
    • Article
      Lock icon Dow Jones
      42 1 UPI NEW YORK, Wed. Dow Jones averages, based on first hour of trading on the New York Stock Exchange; 30 indus 951.30, up 0.34; 20 transp 229.40, off 0.15; 15 utils 106.24, off 0.16; 65 stocks 311.65, off 0.07. UPI
      UPI  -  42 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      173 1 A LAST minute buying spell, spurred by shortcovering, caused most shares to recover some of their lost ground at the Stock Exchange of Singapore yesterday. Option trading was quiet. Reflecting the better trend, the Business Times index rose 2.75 points to 253.15 while the Straits Times Industrial
      173 words
    • Article
      In Kuala Lumpur
      124 1 Rises Most active Berjuntal $14 50 .20 Central Sugars 204,000 O C B C 6 85 15 Haw Par 128.000 D Kramat 6 10 +.10 Sime Darby 80.000 Si me Darby 3 32 08 U.O B .Sfl non Austral Ent 1.97 +.08 C Sugars S 1.24 .07
      124 words
  • Article, Illustration
    Govt employs 20 pc of all workers
    1093 1  -  SINGAPORE'S 'HIDDEN' PUBLIC SECTOR By QUEK PECK LIM ONE in every five persons employed in Singapore today Is being paid, one way or another, out of public funds, i.e. tax dollars. Out of the total of 870,000 people actively employed at the end
    1,093 words
  • Article
    Raja lashes out at four publications
    501 1  -  By JOHN TAN FOREIGN Affairs Minister, Mr. S. Rajaratnam, yesterday accused four foreign publications of attempting to blackmail Singapore through its editorials. The minister, In replying to a question by the MP for Serangoon Gardens, Dr. Lau Telk Soon, told the House that some
    501 words
  • Article
    FINAL REPORT ON MRT AWAITED
    389 1 THE National Development Ministry Is awaiting the final report on the Mass Rapid Transit System by the World Bank, Dr. Tan Eng Liang, the Senior Minister of State for National Development, told the House during the debate on his ministry's budget He said there are
    389 words
  • Article
    Lock icon RISING YEN
    107 1 UPI TOKYO, Wed. The American dollar continued to decline against the Japanese yen in brisk trading in Tokyo's foreign exchange banks today. The spot dollar ended the day at 278.40 yen, a decline of 1.30 yen from yesterday's close of 279.70 yen. It was the lowest closing for
    UPI  -  107 words
  • Article, Illustration
    Tun Tan, Sumner share power in two-tier plan
    696 1 THE BOARD of Slme Darby Holdings yesterday ended speculation on the shape of its top executive management by announcing a twotier plan to share executive authority between Tun Tan Slew Sin, the present chairman, and Mr. A. J. Sumner, acting chief executive
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  • Article
    Lock icon Sharp fall in Straits tin
    63 1 Reuter KUALA LUMPUR, Wed. The Straits tin price in Penang fell sharply, losing per picul to $1,453s and stood 128- above the International Tin Agreement ceiling, dealers said. Market sources said the fall was due to lower London Metal Exchange prices and reduced buying from
    Reuter  -  63 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      45 1 Colour TV is simply great SEE PAGE 2 INSIDE Overseas news/ TV Radio Overseas news/ Features Local Co news International Co news Local stocks Overseas stocks P7 P2 Commodities P8 Transport A P3 Communications P9 P4 Features PlO P5 Local Overseas P6 news PIL 12
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    • Advertisement
      Page 1 Advertisements Column 2
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    • Advertisement
      Page 1 Advertisements Column 3
      302 1 WHISKY 100% SCOTCH WHISKIES blended and h«»ttled in Scotland under Government Supenision Imported by Cold Storage Which bank helps you come to grips with today's fast-moving world? We do. Bank of America. In today's rapidly changing world situation, the successful execution of business plans calls for flexibility and fast response.
      302 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Will the Liberals bail out Labour?
      382 2 Reuter LONDON, Wed. Britain's minority Labour Government tonight faces Its moment of truth, a no-confl-dence vote, heartened by prospects of a survival deal with the Liberals. After meeting Liberal leader David Steel Prime Minister James Callaghan last night Joked: "Normal service will be resumed
      Reuter  -  382 words
    • Article
      Lock icon Senate asked to ratify treaty
      75 2 AP WASHINGTON, Wed. US President Jimmy Carter asked the Senate yesterday to ratify a 1973 treaty he termed "one of the most Important maritime environmental protection measures ever completed." Submitted was the International Convention for the Prevention of Pollution from Ships, which Mr. Carter said
      AP  -  75 words
    • Article
      Lock icon RABIN NOT GIVING INTO STRIKERS' DEMANDS
      225 2 Reuter TEL AVTV, Wed. Israel i three main ports were paralysed today by a strike of 4,500 dock workers for more pay. The stoppage, which began yesterday In Haifa, Ashdod, and Eilat, came at the height of the citrusexporting season and has affected 13
      Reuter  -  225 words
    • Article
      Lock icon Rich and poor have a date in Paris
      378 2 AP OTTAWA, Wed. Representatives of developed and developing countries will meet In Paris from May 30 to June 1, and this time It Is expected they will have a major start on a new world economic order to agree on. The date
      AP  -  378 words
    • Article
      Lock icon Carter calls meeting on arms
      69 2 Reuter WASHINGTON, Wed. President Carter called a meeting of his National Security Council to draw up proposals on strategic arms curbs for Secretary of State Cvrus Vance to take to Moscow next week. The meeting was held a day after Soviet leader Leonard Brezhnev suggested
      Reuter  -  69 words
    • Article
      Lock icon Arms embargo issue heads for showdown
      432 2 UPI UNITED NATIONS, Wed. Black Africa's request for a mandatory arms embargo against South Africa has become the critical Issue of the political showdown In the current Security Council debate, diplomatic sources said today. The council has held two open meetings since Monday In
      UPI  -  432 words
    • Article
      Lock icon Saudis top increase in crude output
      145 2 Reuter BAHRAIN, Wed. Crude oil production In West Asia rose by 12.3 per cent to an average of 21.630,000 barrels a day In 1976, the authoritative weekly Middle-East Economic Survey (MEES) reported yesterday. The Cyprus-based publication said In this week's Issue that with the
      Reuter  -  145 words
    • Article
      Lock icon Opec may meet on prices soon
      197 2 AP CARACAS, Wed. Venezuela's Energy and Mines Minister, Mr Valentin Hernandez, said yesterday that members of the Organisation of Petroleum Exporting Countries (Opec) might hold and extraordinary meeting before July to deal with ell prices. "There Is a possibility an extraordinary meeting might be
      AP  -  197 words
    • Article
      Lock icon When it'll run dry
      100 2 AF HOUSTON, Wed. An Ashland OH official says world crude oil production from known fields probably will not peak out until 1995. Mr John Hall, executive vice president of the Ashland, Kentucky firm, said there also are vast amounts of hydrocarbons available from coal, shale, the
      AF  -  100 words
    • Article
      Lock icon Concorde landing: Fresh data in its favour
      299 2 Reuter ALBANY, Wed. New York state Governor Hugh Carey says there is a chance that fresh data supplied by the makers of the supersonic Concorde airliner could result In a decision by New York City's port authority to allow test flights by the
      Reuter  -  299 words
    • Article, Illustration
      Lock icon Getting married? Take a loan with no interest
      730 2  -  By SUSAN DEFORD AP CAIRO: The Nasser Social Bank, a six-year-old banking experiment. Is thriving on a policy of no-Interest loans to the poor and heavy Investment In Egypt's struggling economy. Since 1972, the bank has lent more than US$l2O million (*****
      AP  -  730 words
    • Article
      Lock icon Andreotti confident solution to wage Bill can be found
      314 3 Reuter ROME, Wed. Prime Minister Giulio Andreotti said he is confident a solution to the controversy over the government's Bill subsidising labour costs and curbing wage Increases can be found within the next few days. Speaking to Journalists after two days
      Reuter  -  314 words
    • Article
      Lock icon Investors worry
      61 3 Reuter PARIS, Wed. Uncertainty over the results of the legislative elections next March may make operators reluctant to invest in the Paris bourse over the next year, Paris stockbrokers association chairman Yves Flornoy said. He said in a radio interview leftwing gains in this month's municipal elections aroused
      Reuter  -  61 words
    • Article
      Lock icon Soviet trade deficit fall casts doubts on gold sales
      438 3 LONDON, Wed Reuter THE Soviet Union's trade deficit with Western Industrialised countries fell to 2.99 billion roubles last year from 3.56 billion in 1975, after a trade Improvement recorded mainly In the second half of the year, Soviet trade statistics from
      Reuter  -  438 words
    • Article
      Lock icon Feedgrains: US forecasts production figures
      277 3 Reuter WASHINGTON, Wed. < Production of feedgrains < could reach 214.0 million short tonnes with good weather and 174.0 million I short tonnes if weather is 1 bad. the Department of I Agriculture said in its first 1 projection of production during the 1977 crop
      Reuter  -  277 words
    • Article
      Lock icon C-Mart jobless slips 2 pc
      138 3 Reuter BRUSSELS, Wed. Unemployment in the European Economic Community fell two per cent last month from January with about 5.8 million or 5.5 per cent of the working population. still without work, EEC statistics issued here show. Despite the drop, there are 200,000 or three
      Reuter  -  138 words
    • Article
      Lock icon The problems EEC faces after 20 years in existence
      1221 3  -  By ROBERT TAYLOR Reuter THE European Common Market, which rode high on a tide of worldwide prosperity for most of its 20 years of existence, has shown scant capacity for dealing with the current economic recession. The community's failure to answer
      Reuter  -  1,221 words
    • Article, Illustration
      Lock icon Healey to present budget as planned
      252 3 Reuter LONDON, Wed. British Prime Minister James Callaghan confirmed that Chancellor of the Excequer Denis Healey will introduce the government's annual budget as planned on March 29 even if it loses today's confidence vote in the House of Commons. He said in a television
      Reuter; UPI picture  -  252 words
    • Article
      Lock icon Accord on science
      28 3 Reuter HONGKONG, Wed. Vietnam has signed an agreement with the Soviet Union on scientific and technical cooperation, the Vietnam News Agency reported yesterday. _T Reuter.
      Reuter  -  28 words
    • Article
      Lock icon 'Important that Swiss money policy retain its liberal stance'
      280 3 Reuter PARIS, Wed. Swiss demand management policy should remain expansionary to help absorb the slack In the economy and prevent excessive upward pressure on the Swiss franc, the Organisation for Economic Cooperation and Development said. In Its annual survey of Swiss
      Reuter  -  280 words
    • Article
      Lock icon Store sales
      37 3 Reuter TOKYO. Wed Japan's preliminary seasonallyadjusted index of department score sales, base 1970, fell 2.1 per cent in February to 257.9 from an upward revised 263.5 in January, the Trade and Industry Ministry said. Reuter.
      Reuter  -  37 words
    • Article
      Lock icon Bergland proposes changes in Food for Peace law
      278 3 Reuter WASHINGTON, Wed. Secretary of Agricultture Bob Bergland proposed changes in the Food for Peace (PL4BO) law to loosen the requirement for the bulk of concessional sales to go to the neediest nations. Testifying before the House International Relations Committee, Mr. Bergland
      Reuter  -  278 words
    • Article
      Lock icon Price index increases
      37 3 Reuter PRETORIA, Wed. South Africa's all-Items consumer price index rose 1.6 per cent in February to 186.7, base April 1970, after a 0.8 per cent gain in January, the Department of Statistics said. Reuter
      Reuter  -  37 words
    • Article
      Lock icon P & O chief comments on protectionism in liner shipping
      515 3 P O chief comments on protectionism in liner shipping Reuter LONDON, Wed. Shipping as an international industry must benefit from developing Its policies on a worldwide rather than on a narrow regional basis, and protectionism runs counter to current requirements, Mr. A.B. Marshall, managing director of P and O Steam
      Reuter  -  515 words
    • Article
      Lock icon Leyland plan for workers
      89 3 Reuter LONDON. Wed. British Leyland yesterday told toolmakers representatives it will set up two working groups to look into pay relativities and anomalies within the company, a Leyland spokesman told Reuters. One group will investigate management and clerical staff pay structures while the other will deal
      Reuter  -  89 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      173 2 giving more than 18km/litre (50m.p.g.) m m a m Si m ,N>>: Now you can: deliver your goods collect your bills •attend a dinner fetch your kids to school •do a little shopping •see a movie •go for late-night supper •go on a week-end outing or even visit your in-laws
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      54 2 I THE WEATHER I WEATHER report for 24 hours prior to 7.30 p.m. on March 23 at Singapore airport. Maximum Temperature 32.2° C Associated Humidity 61 Minimum Temperature 23.0° C Associated Humidity 97 Hours of Sunshine 8.05 Rainfall in Millimetres nil Total Rainfall for the Month 12.2 Total Rainy Days
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      297 2 RADIO TV SINGAPORE 5 3.00 P.M. Opening Announcements followed by Housewives' Matinee "A Faithful Dog Its Enemy" (r) Pt. 1 of A Mandarin Film 3.40 General Hospital 4.25 Intermission 6.00 P.M. Opening Announcements followed by Elephant Boy "The Great Mahout' 6.30 News in Brief 6.35 Tadika (Malay) (r) 7.00 The
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      147 3 TEAC. A-650 A SUPERIOR FRONT-LOADING 'DOLEY* CASSETTE DECK TEAC A-650 gives the true audiophile the high level of fidelity which previously was not obtainable. The twin-motor transport system, incorporating a new Phase Locked Loop (PLL) servomotor, is controlled by a miniature electronic brain. Wow and flutter is corrected to a
      147 words
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  • COMPANY NEWS
    • Article, Illustration
      Alcom applies for another price hike
      788 4 FOLLOWING a 31 per cent plunge In 1976 profit, Aluminium Company of Malaysia (ALCOM) has applied to the Malaysian Government for another price Increase for Its products. This Is the second time the company has applied for an Increase within a year. Its first
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    • Article
      DIVIDENDS ANNOUNCED
      558 4 Current payment Ex Date Date payable Total for the year ToUl for previous year Wilkinson Process Idru-Hyd Tanjong Tin A. Amalgamated Ayer Molek S.P.Textile Rahman Hvd. YeoHiapSeng(M) Gopeng Con. Pengakalen Yeo Hiap Seng L'.A.C K.L.Kepong Hume (M) M. Banking* Min. Sec. Robinson Prima M.B.S. Olympia Plywood Hume (F.E.)
      558 words
    • Article
      Profit jump at Selangor Coconuts
      352 4 RIDING on the advance In commodity prices In the second half of 1976, pre-tax profit at Selangor Coconuts rose 36 per cent to M 56.25 million for the first six months ended Dec 31, 1976. The company did not indicate the extend of the price
      352 words
    • Article
      Central Securities
      69 4 CENTRAL Securities 1 (Holdings) has acquired a 40.48 per cent interest, sub- i Ject to Bank of England approval, in Calibre Packaging Aids, a British Importer of packaging materials. In a letter to the Kuala Lumpur Stock Exchange. Central Securities said It acquired the interest through its subsidiary.
      69 words
    • Article
      PEOPLE IN BUSINESS
      100 4 MR. Chan Chun Ping has been appointed managing director of Apollo Enterprises limited with effect from March 10. The board of Red Shelld has announced the appointment of Mr Anthony Tan as its managing director with immediate effect. Mr. Jimmy Ho Choon Vui, a sub-accountant with the
      100 words
    • COMPANY MEETINGS
    • Article
      Lock icon UK carpets face threat
      1337 4  -  INDUSTRY MAY BE VULNERABLE By RHYS DAVID FT THE British carpet Industry Is usually regarded as something of a model in the textile sector. Its export performance is good, amounting to 20 per cent of output by value last year, and imports are running at less
      FT  -  1,337 words
    • Article
      CHICAGO BOARD OPTIONS
      1457 4 On March 22 ON the Chicago Board Options Exchange, volume reached 84.177 contracts on Tuesday compared with 81.118 on Monday. OPTION APL JLY OCT STOCK Alcoa 50 81/2 9 UNTRD 58 1/4 Alcoa 60 5/8 21/4 3 3/8 58 1/4 Am Tel SO UNTRD NOL NOL 62
      1,457 words
    • Article
      Roxy sales rise 'no flash in the pan'
      544 4 THOUGH Roxy Electric Industries (Malaysia) saw sales growing at a comparatively slower rate of 12 per cent In the yew ended Sept 30, 1976, It says this showed that the 1974/75's Increase of 30 per cent "was not a flash In the
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    • Latest results
      • Article
        BATA (MALAYSIA)
        39 4 Pre- tax profit Ms4.l million I ($3.97 million) on sales $46.31 million ($42.21 million) for the year ended Dec 31, 1976. Final dividend 12 per cent (11.5), payable May 28 making total dividend 18 per cent (17.5).
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      Page 4 Advertisements Column 1
      200 4 Give us a man for a monthwe'll give him a,. r language for life infingua now the largest group of language schools in the wor offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of
      200 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Pioneer Concrete lifts earnings
      160 5 Reuter SYDNEY, Wed. Consolidated operating profit at Pioneer Concrete Service rose to A 57.25 million from $4.55 million in the first half-year ended Dec 31, 1976. Revenue Increased to $160.86 million from $131.23 million. The profit is before extraordlhary gain of $2.45 million ($304,000) which comprised
      Reuter  -  160 words
    • Article
      Lock icon Weeks improves
      105 5 Reuter MELBOURNE, Wed. Weeks Natural Resources got out of the red last year with an operating profit of A 51.61 million against a loss of $1.97 million In 1975. The turnround was achieved on the back of a revenue rise to $6.06 million from $5.75 million last time.
      Reuter  -  105 words
    • Article
      Lock icon Thiess
      84 5 Reuter BRISBANE. Wed. Thiess Holding said its profit for the half-year ended Dec 31, 1976, will show a continuation of the group's strong earnings perfomance of recent years All operating divisions traded at a profit during the period, it said, adding the figures will be announced after the regular
      Reuter  -  84 words
    • Article
      HAE
      69 5 HONGKONG, Wed. A 32.5 per cent increase In net profit to HK526.52 million ($20.01 million) has been achieved by Hongkong Aircraft Engineering last year. With the increase, the company, a member of the Swire Pacific group, has raised the final dividend to $2 from $1.60, payable on May 17
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    • Article
      Lock icon Woodside
      64 5 Reuter MELBOURNE. Wed. Woodslde-Burmah Oil said its first test on the North Rankin No. five well offshore Western Australia, flowed up to 59.5 million cubic feet of gas a day on a IV4 inch choke The test was carried out over the interval 3,142 to 3,160 metres The Haycock
      Reuter  -  64 words
    • Article
      MIM
      36 5 SYDNEY. Wed. Mount Isa Mines said It raised Its copper price by As2o to $1,400 per tonne, effective tomorrow. This Is the fourth such rise this month, and the ninth for the year to date.
      36 words
    • Article
      Lock icon Bayer chalks up a 48pc jump
      358 5 Reuter LEVEKUSEN, W. Germany, Wed. Bayer, the giant West Germany chemical company, has chalked up a 47.7 per cent Jump in pretax profit to 867 million marks (587 million marks) in 1976. The profit increase was achieved on the back of a 21.4 per
      Reuter  -  358 words
    • Loans
      • Article
        Iran plans US$30m note
        95 5 LONDON, Wed. The Industrial and Mining Development Bank of Iran plans to raise US$3O million through a floating rate note Issue, lead manager Merrill Lynch International Bank said. The semi-annual coupon will be per cent over the six months London interbank offered rate with a minimum
        95 words
      • Article
        Sweden
        94 5 FRANKFURT. Wed. The conditions for the Kingdom of Sweden's proposed 250 million mark Eurobond are still open but discussion is believed to be centring on a seven-year maturity, primary bond market sources said. Since Norway's 200 million mark five-year bond carries a 6V« per cent coupon. Interest on the
        94 words
      • Article
        Nisshin
        26 5 TOKYO, Wed, Nisshin Steel said It Is stuydlng a plan to float a US$2O million Eurobond In the near future, but gave no further details.
        26 words
      • Article
        CCCE
        44 5 FRANKFURT, Wed. The 100 million mark maximum 12-years, seven per cent Eurobond for Calsse Centrale de Cooperation Economlque (CCCE), a French state-owned body was priced at 99Vi per cent, lead manager. Commerzbank confirmed. The issue is guaranteed by the French Government, it added.
        44 words
      • Article
        Kaiser
        33 5 ZURICH, Wed. The 60 million franc 5.5 per cent, 15-year loan floated by Kaiser Aluminum and Chemical International, Wlllemstad, Curacao, on the Swiss capital market at par was oversubscribed, Schwelzerlsche Bankgesellschaft said.
        33 words
      • Article
        Germany
        90 5 FRANKFURT, Wed. The Federal loan consortium meets here next Tuesday to discuss possible Issue of a new Government loan, a bundersbank spokesman said but declined comment on likely terms. Primary bond market sources said the Issue will probably be for around 800 million marks and retain a seven per
        90 words
      • Article
        Singer
        28 5 LONDON, Wed. The Singer International Securities US$5O million, B** per cent Eurobond note Issue, due 1982. was priced at par. lead manager Goldman Sachs International Corp said.
        28 words
      • Article
        Austria
        29 5 FRANKFURT. Wed. The Republic of Austria maximum eight-year. 150 million mark Eurobond will carry a 6*« per cent coupon and be priced at par. bond market sources said.
        29 words
    • Article
      Lock icon Lepanto turnround
      131 5 Reuter MANILA, Wed. Lepanto Consolidated has achieved a net profit of 11.2 million pesos In 1976 compared with a loss of 1.7 million pesos in the previous year. Company president Mr. Carlos Palanca Jr said the temporary mine shutdown for more than eight months enabled the company to
      Reuter  -  131 words
    • Article
      Lock icon Sony maintains profit forecast
      348 5 Reuter TOKYO. Wed. Sony Corp sticks to Its original forecast of a 14 to 15 per cent increase In both consolidated net sales and net Income for fiscal 1977, despite a sharp rise In net income in the first quarter Just reported, executive office general manager
      Reuter  -  348 words
    • Article
      Shell cancels orders
      110 5 TOKYO, Wed. Shell International Marine of the UK has notified Mitsubishi Heavy Industries It will cancel an order for the contructlon of the 48,500-cublc metre liquefied petoleum gas (LPG) tankers. Mitsubishi said Mitsubishi declined to give further details. The newspaper Nihon Kelzal said Shell apparently cancelled the
      110 words
    • Article
      ECSC
      29 5 PARIS, Wed. The European Coal and Steel Community nine per cent. $25 million issue due April 15. 1984 was priced at 100 V», comanager Morgan Stanley International said.
      29 words
    • Article
      Lock icon General Mills sees buoyant results
      180 5 Reuter MINNEAPOLIS, Minnesota, Wed. General Mills, the giant food processor. has reported a 12 per cent gain in profits for Its third quarter over the yearago period. For the quarter ended Feb 27 the company reported profits totalling U5523,828 million, or 48 cents a share,
      Reuter  -  180 words
    • Article
      Lock icon Oil companies seek maximum incentive to develop reserves
      718 5 NYT WASHINGTON, Wed. The three big companies that expect to produce crude oil at Prudhoe Bay, Alaska have urged the US Government to allow them to realise the full market price for their oil to give them a maximum incentive to develop
      NYT  -  718 words
    • Article
      Wildcat prospects in US good
      772 5 STANDARD OIL CHICAGO. Wed. Standard Oil Company (Indiana) said in its annual report that the company believes there are "many opportunities" for profitable oil and gas exploration and production remaining in the US, both onshore and offshore. "Our Inventory of wildcat prospects Is higher than
      772 words
    • Article
      Lock icon Atlas votes cash payout
      126 5 Reuter STAMFORD, Conn., Wed. Atlas Consolidated Mining and Development Corp of the Philippines declared a cash dividend of 25 Phllllplne centavos, or about three US cents a share, payable May 4, on record on April 6. The board also recommended a 33 1/3 per cent stock
      Reuter  -  126 words
    • Article
      Lock icon Mutual Maritime optimistic
      95 5 Reuter HONGKONG, Wed. Mutual Maritime Holdings said group operating results for the six months ended Sept 30, 1976 were higher than in the first half of the previous year, and full year results should show a significant Increase over last year's results. As forecast. It Is not
      Reuter  -  95 words
    • Article
      Hitachi colour TV
      65 5 TOKYO, Wed. Hitachi is seeking the approval of the British Government for its plan to start colour TV production In Britain, but will not disclose details until the British Government takes a decision, a company spokesman said. The spokesman was commenting upon a Kyodo news service report
      65 words
    • Article
      Thyssen manages to stay in the black
      636 5 BONN, Wed. Supported by its trading and manufacturing activities, August Thyssen-Huette, the largest of the West German steel groups, has managed to stay In the black In the first half of the business year ending Sept 30. 1977. Despite the very poor state
      636 words
    • Article
      Lock icon Motorola reveals irregular payments
      138 5 Reuter SCHAUMBURG. Illinois. Wed. Motorola, the electronics company, said it made irregular payments of over US$2 million between 1972 and last Wednesday. In a report to the Securities and Exchange Commission, Motorola said the bulk of the money was paid through irregular channels to foreign sales
      Reuter  -  138 words
    • Article
      Tea price boosts Brooke income
      188 5 LONDON. Wed In the six months to end December, 1976, pre-tax profit of Brooke Bond Lieblng advanced from 10.25 million to 116.8 million, and the directors say that, given continuing stability in exchange rates and maintained profit margins they still expect a satisfactory increase in
      188 words
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      93 5 FRENCH TECHNICAL EXHIBITION Pekan Raya JAKARTA. 26 March 3 April 1977. WHEN? WHERE? WHO? WHAT? for any information you may need, "The Trade Section" of the French Embassy will gladly answer your inquiries about the coming FRENCH TECHNICAL EXHIBITION If you want to know more about the The FRENCH TECHNICAL
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  • Article
    Share Information Service
    2126 6 1976/77 Hifh ,o* Company Last Sale +arGr'a dlv Div c'vr GKa Net yld P/E Vol Day 000) Hi*h Low SECTION ONE INDUSTRIALS 175* 133 206 100 237 186 201* 204 248 460 133 127 172 60 185 66 127* 149 172 374 Ac ma Acma A Alcom
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  • Article
    Transactions in Singapore
    1042 6 BID and off«r 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
    1289 6 BID and offer prices officially listed and business in and reported to the Kuala Lurrpur Stock Exchange yesterday with number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified INDUSTRIAL# Acma (1.438). A. Tlx (0 328) (4) 0.40 Alctm (1.938) (1) 1
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  • Article
    Stock options
    137 6 STRIKING price* or the stock options officially listed on the Stock Exchange of Singapore, the period*, bid and offer price* and business done yesterday, with the number of options traded shown in brackets. D.B.S. (June $3.90) (0 08' >B 0.09'.5) (2) 0.09 (June $3 60) (0.16B) INCHCAPE (June
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  • Article
    Unit trusts
    169 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' prices for Mar 24) (Current price*) I 74 1 84 INCOME BOND 1 10 1.16 1 Trie LOBOWf c? > > The Saving fund Spore Progfund S pore Security 0 86 0 91xd 0.76 0.81 MARA BUMIPUTRA FUND (Manager*' price* for
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  • Article
    Corporate bonds
    141 6 B O T 8 1/2% 1981 (100.000) 103SS) D B S 8 1/2* 1982 (100,000) 10 IS) DBS Converta 6 1/2% 1991 (100.000) (97'48 97%5) Elßn 1982 (100.000) (103HB 104*8) E I B 8 1/4% 1983 (100.000) (1008 100 l 'aS) I B J 8 1/2% 1981 (100.000)
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  • Article
    Domestic govt bonds
    133 6 5 1/2% 1/12/77 (1.000.000) (101 508 101.655) 5% T F 1/3/78 (1,000.000) (102.658 102.855) 5 1/2% 15/4/78 (1,000,000) (101.638 101.735) 5 1/4% 15/7/78 (1,000,000) (101.538 101 60S )(1)101.59(2)101.60 5 1/4% 15/7/78 (650.000)(1)101.58 6 1/2% 15/8/78 (1,000,000) (103.208 103.355) 7% 1/7/79 (1,000,000) (104.808 104.955) 5 1/2% 1/10/77-79 (1,000,000)
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      407 6 THE GREAT BOOKS of the beautiful, durable bindings Is the fundamental Ideas of wmwm B PSIII science, history, psychology, W H HUB Ml v W Here in beautiful, durable bindings Is the whole record of the fundamental Ideas of mankind science, history, psychology, mathematics, theology, literature and poetry. This magnificent
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  • Article
    Shares make some gains
    626 7 A LAST minute wave of buying on abort-covering account sent moat glamour issues significantly higher at the Stock Exchange of Singapore yesterday. Otherwise the market remained quiet and selective. Non-commitment on the part of most speculators and investors made for a serious lack of both direction
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  • Article
    Sentiment in KL improves
    432 7 SHARES were pushed higher on short-covering and some fresh speculative buying at the Kuala Lumpur stock market yesterday. Overcoming some hesitancy In the opening session, prices were steadily marked up and the support was particularly brisk In the closing minutes which resulted In most prices ending
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  • WALL STREET AND OTHER OVERSEAS MARKETS
    • Article
      New York
      1134 7 NEW YORK: The stock market closed lower for the fourth straight session as worries about Inflation and higher Interest rates kept Investors on the sidelines on Tuesday. Lack of Interest was reflected In the low trading volume of about 18 million shares, with declining Issues leading advances by
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    • Article
      Zurich
      311 7 ZURICH: The market closed narrowly mixed in livelier activity, apart from some special movements, dealers said on Tuesday. Swissair bearer firmed markedly In transport. Bourse sources said they expect the announcement of favourable results for 1976 and the current year at the day's press conference. Major banks were slightly
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    • Article
      Hongkong
      418 7 HONGKONG: The market rose again In fairly quiet trading on Wednesday, mainly due to a further gain by Swire Pacific and renewed speculation that local banks may soon cut Interest rates further, dealers said. The Hang Seng Index gained 2.32 points to 421.87. Swire gained 30 HKcents to $8.90
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    • Article
      Sydney
      383 7 SYDNEY: Share prices closed higher on continued buying interest for mining and energy stocks, particularly uraniums, dealers said on Wednesday. The Sydney All-Ordinaries Index rose 4.87 points to 446.42. Pancontinental rose $1.40 to $11.60 and Queensland Mines 18 cents to $1.80. Kathleen, Utah, WMC, MIM, CRA. Robe River, and
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    • Article
      Manila
      189 7 MANILA: The market was slightly firmer, led by activelytraded minings on the rise In gold prices, dealers said on Tuesday. Oils, however, were sllghtlv easier and commercials dull. Turnover In mining Issues rose to 4 56 million pesos from Monday's 3.94 million, while total turnover amounted to 5.43 million
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    • Article
      Jo'burg
      391 7 JOHANNESBURG: Gold shares moved easier In line with European bullion Indications and tht lower morning fixing, while the remainder of the market was dull, dealers said on Tuesday Financial minings were correspondingly softer with Johnnie* shedding 50 cents to 2,300 and Mid Wiu 20 cents to 390 FED Mynbou
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    • Article
      Paris
      344 7 PARIS: The market continued to move lower In the wake of the left-wing gains In -the French municipal elections, dealers said on Tuesday All sectors weakened, especially foods and electrlcals, out chemicals were rather Irregular Foreign shares were generally weak, led by General Motors, Schlumberger. Hoechst, Siemens and Petrofina.
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    • Article
      Amsterdam
      299 7 AMSTERDAM: Market ruled quietly steady with mostly minor changes eltherway and a slightly firmer undertone in general on Tuesday. Dutch internationals finished unchanged except easier Hoocovens. The Industrial stock Index rose somewhat. Banks firmed. Nationals Nederlanden was a marked (aln in mixed insurances Shippings were firmer where changed. Investment
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    • Article
      Toronto
      274 7 TORONTO: The market closed lower on Tuesday In moderate trading. The composite Index fell three points as declines led advances 230 to 150. Texas Gulf preferred a slipped I-1/4 to 55-3/4. Cominco 3/4 to 37, Bank of Nova Scotia 5/8 to 197/8 and General Motors 1/2 to 741/2. Abitihi
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    • Article
      Milan
      148 7 MILAN: Stocks on Tuesday showed selective gains In a reaction to Monday depressed dealings, bourse sources said Fiat, both Pirellis, both Olivettis, Anic, Aasicuraxioni General! Bastogi gained Generate Immobihare put on points after Monday's sharp fall. Snia Viscoaa and Pierrel were among stocks to ease MAR 22 Lire Anlc
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    • Article
      Brussels
      204 7 BRUSSELS: Most shares ended the first day of the new account lower in a sluggish market, with the Index down 0.76 points at 103.58 on Tuesday. Hobo ken and Hainaut-Sambre rose but Union Mini ere. UCB, Cobepa, Cometra, CBR and Arbed were all lower. British stocks were quietly, steady,
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    • Article
      Frankfurt
      321 7 FRANKFURT: Most shares eased on operator profit-taking, market sources said on Tuesday. Bayer, which announced higher 1976 pre-tax profit lost 0.70 marks. Metallfeae Use haft, which on Monday announced an unchanged 1975/76 five mark dividend, fell one mark. Against the general trend Hoeseh In steels rose 0.30 marks and
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    • Article
      Tokyo
      490 7 TOKYO: The market was lower In limited trading following Wall Street's further decline, dealers said on Wednesday. The Dow Jones average lost 10.76 to close at 4,978.34 with volume 170 million shares. The New index closed at 378.88, down 0.82. The dealers said the USJapan summit communique had little
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    • Article
      Bangkok
      91 7 MAR 23 Bahts Asia Fibre 135 1 Bangkok Bank 251 -2 Bangkok Invest 169 unch Bangkok-Metro-politan Bank Bata 405 +2 BerllJucker 190 1 Charoong Thai Wire 140 Dumex Duslt TJlanl Faber Merlin First Trust Indo-Thai 1858 ♦5 Industrial Finance Corp ***** J And J Ho 217 unch Jalaprathan Cement
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    • Article
      Indices
      63 7 FINANCIAL TIMES INDUSTRIAL Tuesday 419.4 Monday 414.4 Week ago 427.9 DOW JONES AVERAGE INDUSTRIALS Tuesday 950.98 Monday i>53.54 Week ago 685 09 LONDON DOLLAR PREMIUM Tuesday 112V, to 113 Monday 112%. to 113* H.K. HANG SENG Tuesday 419.55 Monday 415.61 Week ago 419.26 SYDNEY INDUSTRIALS Tuesday 357.08 Monday 354
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      425 7 THE SYNTOFKON The Syntoplcon 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 Syntoplcon can guide your hand to the proper volume. Your eyes are directed to
      425 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Local and foreign rubber markets
      805 8 OPENING quotations in the Singapore rubber market yesterday, were marked down slightly but later prices rose on some shortcovering in quiet trading, dealers said. The morning session closed very quiet with April RSS One buyers quoted at 203.75 cents per kilo, down 0.25 cent on
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    • Article
      Closing prices
      30 8 Rubber: Mar 23 Singapore: April 203.50 cts (down 0.50 ct.) Malaysia: April 206.00 cts (down 1.00 ct) Tin: $1,453.62'» (down $80.50) Official offering: 214 tonnes (down 16 tonnes)
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    • Article
      SSR and SMR
      123 8 April May R.A.S. (Current Mth) (Fo. •ward Mth) Buyer* Seller* Buyer* Seller* (ce nU perk«> (cei ■t* per kg) SSR20 (1 ton Pallet) 195 00 197 00N 196 50 198 50N SSR50 (1 ton Pallet) 192 50 194 50N 194 00 196 00N M.R.E.L.B SMR5CV (1 ton
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    • Article
      Gold
      340 8 IN the Singapore gold market yesterday, the kilobar was traded in the range of 5511,980 to 5512,050. Following the overnight decline in the major gold centres, the loco London gold opened at US $150.25/ 150.75 and was traded to a low of US $150.00/ 150.30. Towards the close shortcovering
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    • Article
      Straits tin
      199 8 THE Straits Tin price in Penang yesterday was down $80.50 to $1,453.62 V, on an official offering down 16 tonnes to 214 tonnes. In LONDON yesterday, tin continued to decline with end-morning losses of £50 for Cash and £60 for Three Months In both contracts. But values steadied
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    • Article
      Palm oil
      120 8 THE following Palm OH prices were quoted In London on Tuesday The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated. Tueaday Prev. Malaysia 5% ffa bulk 830 sir 035 qtd June/ July Sumatra 5% Mch unch 013 50pd Apl 945 qtd
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    • Article
      Copper
      284 8 LONDON, Wed. Copper wire bars gained £1 for Cash and £0.50 for Three Months. Values were marked down initially on the pre-market following last night's downturn at New York and the trend In tin and lead. Three Months traded down to £922 per tonne but the lower levels attracted
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    • Article
      Lead
      85 8 LONDON, Wed. Lead declined by £5.25 for Cash and £7.50 for Three Months In the morning. The metal remained on the defensive as further nervous liquidation forced values irregularly lower during pre-market and Ring dealers. Three Months traded down to £403 in the Ring at one stage under stoploss
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    • Article
      Zinc
      87 8 LONDON, Wed. Zinc was £1 higher for Cash and £0.75 lower for Three Months In the morning. A pick up In copper and some covering against reported pockets of physical business on the continent aided the market although turnover Ring trading was light. Three Months traded from a low
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    • Article
      Produce prices
      291 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk 1120 teller*, ok) drum $125 seller*, new drum 1130 leitori Copra: Mixed (loo*) UK/Cont *76 buyers. Pepper; Muntok AST A white f.o.b. 100* NLW $420 tellers. Sarawak white f ob 98* NLW $400 seller*, Sarawak
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    • Article
      Duty rates
      62 8 THE Malaysian Minister of Finance has fixed these duties from March 24 until further notice: Rubber 94 to cts a lb Copra $1,048.00 a ton Palm Kernel $235.25 a ton. The rates of duties payable are: Rubber 12 cts a lb Surcharge 5% cts a lb (Total 17*
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    • Article
      Silver
      171 8 LONDON, Wed. Sliver steadied by 2.6 to 3.5 pence per troy ounce In the morning. The early pre-market was restrained by easiness in base metals, dealers said. But steadier conditions which subsequently developed In these markets coupled with the higher gold price aided sentiment and values hardened. Good fresh
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    • Article
      Sugar
      310 8 LONDON, Tues. Terminal sugar had first call gains of £0.25 (Oct at £140.05) to £1.10 per tonne. Dealers said the Peru sale of about 51.000 tonnes of Apl/Sep raws at prices of 9.30 to 9.57 cents per lb was In line with current market prices but made buyers reserved
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    • Article
      Rice
      211 8 BANGKOK. Wed. Indicative prices quoted for rice were: US dollars per tonne fob basis Bangkok White Rice 100 per cent 1st class 289 100 per cent 2nd class 272 100 per cent 3rd class 267 5 per cent 257 10 per cent 238 IS per cent 235 20 per
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    • Article
      Coffee
      356 8 LONDON, Wed. Robusta futures ended the opening session steady. £105 to £58 per tonne up from last night. Five to eight lots were traded. Untraded Spot March rose £105 at £4,185 while May had smallest rise of £58 at £4,207. Dealers attributed the gains to a continuation of yesterday's
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    • MONEY AND EXCHANGES
      • Article
        Singapore
        622 8 THE US dollar continued to ease yesterday in the Singapore foreign exchange market to hit Its lowest level against the Yen since May 20, 1974, when It was traded at 278.30 yen. Dealers reported that although the dollar was relatively steady against the yen at 278.70/ 80 yen for
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      • Article
        Asian $ rates
        184 8 Asian rates ASIAN currency deposit interbank rates as at close on March 23 LS Dollar* (Spoil Offer Bid 7 days 4 7/8 4 3/4 1 mth 4 11/16 4 9/16 2 mths 4 15/16 4 13/16 3 mths 5 1/8 5 8 mths 5 9/16 5 7/16 9 mths 5
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      • Article
        Discount
        9 8 MM mrwmm WOT Source: National Discount Co Ltd.
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      • Article
        Euro $ rates
        145 8 Euro rates LONDON, Wed. Period deposit rates up to six months opened lower, reflecting the Friday dealing technicality while longer positions and shortdates were unchanged, dealers said. The recent quiet trend in trading continued. Technical losses In periods ranged from In One Month to 1/10 In Six Months with the
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      • Article
        London
        275 8 LONDON, Wed. The yen advanced in busy early trading after Japanese banks sold dollars in Tokyo on growing conviction Japan will alllow the yen to appreciate in response to International, specifically US pressure, dealers said. Its rise was braked by Singapore and Hongkong banks' covering of short dollar positions
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      • Article
        New York
        183 8 NEW YORK, Tues. The Swiss franc closed sharply higher here as Swiss banks began window-dressing for the end of the financial quarter, dealers said. Demand for francs to meet position limits and the hlßh cost of financing balances drove the Spot to a close here of US 39.44/
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      • Article
        Hongkong
        182 8 HONGKONG. Wed. The US dollar was quoted at HK54.6390/6410 In moderate late afternoon trading, slightly firmer than yesterday's late $4.6360/80 but below the day's $4.6430/40 high, dealers said. Large local banks again bought US dollars and injected Hongkong dollars Into the market, continuing the slow reduction in local interest
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      • Article
        Tokyo
        86 8 TOKYO, Wed. The yen rose further on dollar selling by traders and inflow of dollars from South-east Asian centres, dealers said. The US dollar for overnight delivery closed at 278.40 yen, compared with 279.00 at the opening and 279.70 at yesterday's close. Expectation persisted that the yen will continue
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      • Article
        Treasury bills tender
        39 8 THE Monetary Authority of Singapore (MAS) Invites banks and discount houses to tender for: $30 million 91-day Treasury Bills to be issued from March 28 to April 1. Each tender must not be less than $250,000.
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      • Article
        Minimum lending rates (in %)
        59 8 Minimum lending rates (in ACBC 0V« Algemene Bank 0* Bangkok Bank 7 Bank or America 0*n Bank of China 7 Bank of Tokyo 9% Bank Negara Indonesia 7 Chartered Bank 0S Chase Manhattan 0%» DBS #v. First Chicago 6\ Citibank 0*. HSBC 7 Indosuez 0* Malayan Banking Mitsui Bank 0*«
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      • Article
        Australia/NZ
        52 8 AUSTRALIA/ NZ exchanges quoted on March 23 Australia: Sterling 0.6450/ 0.6379 US dollars 1.1036/ 1.0988 Ninety-day air mail buying rates: Sterling 0.6680 US dollars 1.1286 Ninety-day forward buying rates: Sterling 0.6502 US dollars 1.0937 New Zealand: Sterling 0.5590/ 0.5559 US dollars 0.9642/ 0.9542 Ninety-day forward rates: Sterling 0.5887 US
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      • Article
        Zurich
        63 8 ZURICH exchanges closing quotes on March 22 US 2.5365 5375 UK 4.3535 3570 Can 2.4185 4205 W Germ 106.16 25 Neth 101.65 74 France 50.93 97 Belg 6.92 1/2 93 1/4 Denm 43.37 41 Norw 48.38 42 Swed 60.28 32 Italy 0.2857 2860 Austria 14.96 98 Port 6.55 57
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      • Article
        Frankfurt
        38 8 FRANKFURT exchanges opening quotes on March 23 US 2.3870/80 (2.3875/85) Can 2 2848/58 UK 4 095/105 Neth 95.65/75 Swltz 94 10/20 Italy 2 685'692 France 47.95/48.03 Norw 45.55/63 Belg com 6.515/525 Belg fin 6 50/52 Japan 0.8590/8610
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      • Article
        Eurobond prices
        333 8 LONDON, Wed. Straight bonds were steady with most prices unchanged In dull trading, dealers said. Convertibles were relatively steady with the Inchcape $35 million 6 3/4 per cent bond firming slightly to 102 102 1/2 from 101 1/2 102 1/2 at the close yesterday. LONDON Eurobond price* on
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    • Article
      Soybean
      169 8 CHICAGO. Tues. Soybean futures finished 11 1/4 cents a bushel lower to 3 3/4 cents higher on a good-size overall volume. Prices dropped initially on liquidation and speculative selling after last week's export inspections were reported below expectations. Support picked up in deferreds on talk of Soviet switching of
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    • Article
      Wheat
      108 8 CHICAGO, Tues. Wheat futures closed 1 3/4 to 1 1/4 cent a bushel lower after light trading confined to a two-cent range. Speculative selling was generated by declines in soybean futures and the continued low level of exports shown by last week's export inspections. Agriculture Secretary Bob Bergland's statement
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      255 8 Sni U2ii*A's "AS I WAS PASSING" is now compiled into abook All those articles that you've meant to read, but didn't have time for, but which you promised yourself you'd cut out and keep, and missed, because the papers had been used to wrap up things, or had been sold
      255 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Russians now stress detente over the air
      656 9 AP MOSCOW, Wed. Radio Moscow, once known for Its hard-line communist propaganda, is stressing detente now In its broadcasts to millions of listeners. With around-the-clock programming in nearly 70 languages, station officials claim Radio Moscow's broadcasts are getting the largest audiences ever. "We've
      AP  -  656 words
    • Article
      Lock icon A new concept in promoting newspaper sales
      709 9  -  By PHILIP DOUGHERTY NYT LAST weekend the New York Post added Its advertising voice to those of the other New York City dallies that have instituted major circulation promotions since the beginning of the year. The Post advertising Is pegged to Its new
      NYT  -  709 words
    • Article
      Lock icon Using satellite technology for distributing news . . .
      454 9 Using satellite technology for distributing news UPI NEW YORK. Wed. RCA American Communications. Inc. has unveiled Its new satellite technology for distributing news service, radio, television and specialty programming to stations within the United States equipped with small dish antennas. The RCA Amerlcom system was demonstrated at United Press International
      UPI  -  454 words
    • Article, Illustration
      IN PORT
      454 9 EXPECTED ARRIVALS TODAY KEPFEL WHARVES Bunga Ordid (after Kota Singapura) 47 Cherry Vilja (B. Barge) (1200) 48 Emma Bakke (after Cornelia Maersk) 3/4 Frotasantos (after Seine Lloyd hauls) 8/9 Kimanis (1000 20 Korean Mall (after Jalakendra) 6/7 No. 4 Kendarl (0530 subject freeboard) (after Murasaki Maru No. 5)
      454 words
    • Article, Illustration
      VW joins the race with a Derby
      222 9 TEN MILLION "Beetledrivers throughout the world can heave a sigh of relief. After much to-ing and fro-ing on the part of constructors, their favourite means of transport at last has an acceptable successor! "Derby" is the manetag given by Volkswagen AG in Wolfsburg,
      222 words
    • Article
      Lock icon London freight market
      177 9 AP LONDON, Wed. US Gulf grain dominated a still rather quiet freight market yesterday as charterers arranged several March shipments to the European contlnent, Mexico and Venezuela. Transatlantic grain rates held about steady, with US$5 (FIO) paid for a 55,000-tonne March shipment from the US Gulf to
      AP  -  177 words
    • Article
      MAS profit
      104 9 KUALA LUMPUR. Wed. World recession and increased expenditure contributed to the smaller profit earned last year by the Malaysian Airlines System (MAS), Communications Minister Tan Sri V. Manic kavasagam told Parliament oday. Replying to a question in Parliament, the minister said that for the financial year 1975-76, MAS
      104 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      569 9 arrivals Service Local Operator Number Time i From CPA CX003 0145 HKO MAS MH682 0810 KCH SIA SQ211 1010 HLP CPA CX710 0915 HLP QIA OA 980 1030 HLP OIA OA908 1100 MES PAL PR501 1115 MNL RBA BI325 1155 BWN SIA SQ201 1200 HLP SIA SQ240
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    • Article
      Lock icon Japanese car output increases
      111 9 UPI TOKYO, Wed. Japanese car makers built 630,217 cars, trucks and buses In February, the highest output for any February In history, the Japan Automobile Manufacturers Association reported today. Production was up six per cent over January, and was 1 up 9.9 per cent over 1
      UPI  -  111 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      495 9 Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own economies and the role of IMF in frustrating these efforts. A
      495 words
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  • Article
    Lock icon Corruption
    1442 10 Business is drawing up its own rules against bribery. Economist SHOULD business bribe? The self-evident answer Is no: or, as the wide-ranging OECD code of conduct for multinationals adopted last summer put it: Enterprises should not render and they should not be solicited or expected to render any bribe
    Economist  -  1,442 words
  • Article, Illustration
    Helping the new villagers
    1834 10  -  Two million people live in Malaysia's 600 new villages. The govt has started a drive to bring these people the benefits of the country's development. V.K. CHIN reports from K. Lumpur V. K.CHIN THE Housing and Village Development Ministry Is to beef up Its division dealing
    1,834 words
  • Article
    Lock icon ENERGY FROM THE SUN OR THE ATOM — A BILLION $ QUESTION
    1069 10  - ENERGY FROM THE SUN OR THE ATOM A BILLION QUESTION The United States spends a billion dollars a year on research for harnessing the sun's energy. But the head of the research projects is asking whether all the research may not be going in the wrong direction. By DAVID FISHLOCK
    FT  -  1,069 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      487 10 uu r. •I Y J 'j>>'/,:/. t i A. fjl V* A WMw^V" Southeast Asia has as many faces as there are eyes in a peacock's tail— And the Straits Times Annual has painted them all. in peacock-colours. Living up to a long-established record of quality reporting on the culture,
      487 words
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  • Article
    Lock icon American health officials defend ban on saccharin
    288 11 Reuter WASHINGTON, Wed. American health official* today defended a proposed ban on saccharin, the artificial sweetener, against a strong attack by congressmen under pressure from the soft drink industry and slimmers. The proposed ban was announced on March 9 after Canadian studies showed
    Reuter  -  288 words
  • Article
    Lock icon Signs of Aussie pick-up
    99 11 Reuter CANBERRA. Wed. There are now signs that economic recovery in Australia might be getting under way, the Australian industries Development Association (Aida) said in a report on a survey of manufacturers. The decline in real production and sales of the last three years appears to
    Reuter  -  99 words
  • Article
    Lock icon Seoul textiles
    73 11 UPI SEOUL, Wed. South Korea's textile exports are expected to increase by an average of 17 per cent a year to reach USS4.2 billion (5510.3 billion) in 1980, the Korea Traders Association (KTA) forecast today. This compares with this year's expected exports of 51.5 billion. From 1980, KTA
    UPI  -  73 words
  • Article
    Lock icon India buy
    46 11 Reuter NEW YORK. Wed. India today bought 20,000 tonnes of US soyabean oil for June shipment, a spokesman for the State Trading Corporation of India told Reuters. He said the oil was bought under the PL4BO authorisation programme. No further details were disclosed. Reuter.
    Reuter  -  46 words
  • Article, Illustration
    A solution to ICA appeal problem
    721 11 KUALA LUMPUR, Wed. The cabinet Committee on Investment has worked out a solution to the appeal problem under the proposed amendments to the Industrial Co-ordination Act, its chairman. Dr Mahathir Mohamad, disclosed yesterday. It would be In the form of a special committee made
    721 words
  • Article
    Lock icon HK exchange is scheduled to open next month
    527 11 Reuter HONGKONG, Wed. April remains the latest target for the opening of the Hongkong Commodity Exchange but the exact date cannot be determined precisely, John Wilson, chief executive of the organising consortium, said. Work on various aspects of the exchange's operations, including
    Reuter  -  527 words
  • Article
    Jobs and new grads
    342 11 THE director of the University of Singapore's School of Accountancy and Business Administration, Professor You Poh Seng, yesterday called for the establishment of a Job placement bureau to help overcome the present problem of limited employment opportunities for new graduates. Prof You was speaking at the
    342 words
  • Article
    Lock icon Taiwan output falls
    89 11 Reuter TAIPEI, Wed. Taiwan's general industrial production index fell 23.1 In February compared with January to 155.9 (base 1971) but remained 1.2 per cent above the February 1975 level, the Central News Agency (CNA) reported. It gave no reason for the sharp decline, but said that construction
    Reuter  -  89 words
  • Article
    Seven face writs
    94 11 WRITS recently filed at the High Court Include one made out by Ong Chin Swee (suing as a firm) against Teng Ta Construction for $74,220: by World Dredging against Ho Wah Keong and Ho Wah Kee for $143,898; by Makhanlall and Company against A. Issardas and Sons
    94 words
  • Article
    Lock icon Peking steel
    88 11 AP HONGKONG, Wed. China has launched a campaign to boost Its production of Iron, steel and other metallurgical products, Hongkong's two major communist newspapers reported today. Ta Kung and Wen Wei, quoting Peking's official Hslnhua news agency, said workers In Anshan, Shanghai, Wuhan and other Industrial centres had
    AP  -  88 words
  • Article
    Lock icon JAPANESE RELY HEAVILY ON AUSSIE RESOURCES
    819 11 AP SYDNEY; A 33-member Japanese delegation will arrive here on Sunday to assess Australia's abundant energy- resources and their relevance to burgeoning Japanese power needs In the face of diversification away from oil. The energy mission, the biggest official Japanese delegation to visit this
    AP  -  819 words
  • Article
    Lock icon Hongkong food prices push up CPI
    160 11 UPI HONGKONG, Wed. The Consumer Price Index of Hongkong hit 118 last month, three points higher than that of January and eight points above the same month last year, official figures released today said. The general increase in food prices has affected the lower
    UPI  -  160 words
  • Article
    Lock icon Port row blocks containers
    105 11 Reuter SYDNEY, Wed. A revival of an industrial dispute which blocked container movements at the port of Brisbane earlier this month is again preventing inward and outward movements of containers, a spokesman for container installation operators, Brisbane Wharves and Wooldumping Pty Ltd said. He told Reuter
    Reuter  -  105 words
  • Article
    Lock icon US-Japan bid to avert clash over nuclear policy
    476 11 AP WASHINGTON, Wed. Working against an April 20 deadline, the United States and Japan soon will open negotiations In hopes of averting a confrontation over Japan's nuclear power policy. President Jimmy Carter has designated his Chief Energy Adviser, James Schleslnger, to negotiate
    AP  -  476 words
  • Article
    Lock icon Uranium curb call
    217 11 AP CANBERRA, Wed. US President Jimmy Carter has called for collaboration between the United States, Canada "and other likeminded countries" on regulating the supply of natural uranium. In a letter to Australian Prime Minister Malcolm Fraser, Mr. Carter says "We can play a vital role in reducing
    AP  -  217 words
  • Article
    Lock icon 'Mine the ore overseas'
    152 11 AP SEOUL, Wed. The South Korean government plans to encourage its businessmen to mine uranium ore overseas by subsidising their operations, officials said today. They said that the plan is designed to ensure a stable and sustained supply of fuel for Korean nuclear power plants in
    AP  -  152 words
  • Article
    Lock icon A slight easing of copra prices
    103 11 Reuter MANILA, Wed. Copra prices eased slightly in the Philippines today for the first time since the large increase which followed last week's doubling of the export levy to 60 pesos (5519.60) per 100 kilos. Sellers were quoted at (540 a tonne on active
    Reuter  -  103 words
  • Article
    Lock icon Soviets buy coconut oil
    112 11 Reuter CHICAGO, Wed. The Soviet Union has bought a total of 13,500 tonnes of Philippine coconut oil over the past few days for April and first-half May shipment, trade sources said here. The price has not been disclosed but is thought to be close to current
    Reuter  -  112 words
  • Article
    Lock icon Demand for more alum
    78 11 Reuter TOKYO, Wed. Japan's aluminium needs will amount to 2.19 million tonnes In fiscal 1977 starting next month, surpassing an estimated record demand of 2.06 million tonnes In this fiscal 1976, the Japan Light Metal Association said. The year-over-year growth rate Is however, six per cent
    Reuter  -  78 words
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      253 11 APPOINTMENTS A multi-national manufacturing organization is seeking suitably qualified candidates for the following positions:PROGRAMMER/ ANALYST Candidates should preferably be college graduates with at least five years experience in programming and some exposure to system analysis. Previous experience in cobol programming with ICL machines will be an added odvantoge The successful
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      329 11 The SGV Group Placement Advisory Services for Giants NG EXECUTIVES-COMPUTERS A well-known mainframe manufacturer is expanding its operations in Southeast Asia and the Far East and is seeking qualified candidates for its offices in: about HKSISO,OOO p.a. Responsibilities: Reporting to the Managing Director, the successful candidate will have the opportunity
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  • Article, Illustration
    Lock icon Chavan takes over from Indira in Lower House
    435 12 Reuter AP NEW DELHI. Wed. Mr. Yeshwantrao Chavan, foreign minister In Mrs. Indira Gandhi's Government. was today elected leader of the Congress Party in the Indian Parliament. He was chosen unanimously at a meeting of the Congress Party's parliamentary group this morning.
    Reuter; AP; UPI photo  -  435 words
  • Article
    Lock icon US is open to resuming aid
    315 12 UPI WASHINGTON. Wed. A State Department official said yesterday the United States Is open to reestabllshment of assistance programmes to India after the "reaffirmation" of the democratic process" in the subcontinent. Mr. Adolph Dubs. Deputy Assistant Secretary of State, made the comment before a
    UPI  -  315 words
  • Article
    LONDON STOCKS
    762 12 LONDON. Wed Yesterday's gains on the stock market were extended on speculative interest prior to the censure vote against the Government tonight, dealers said Thin conditions accentuated the advance, they added At 3 00 pm the Financial Times index was up 6.6 at 426.0. Government bonds showed gains
    762 words
  • Article
    Lock icon UNIQUE NICKEL MINING PROJECT STARTS
    282 12 Reuter SOROAKO. Indonesia, Wed. One of the world's largest nickel mining projects started production today when a unique processing technique used at the brand new P.T. International Nickel Indonesia factory here succeeded In practice for the first time. The Indonesian company Is wholly-owned by the
    Reuter  -  282 words
  • Article
    Trade gap
    29 12 JERUSALEM, Wed. Israel's trade deficit fell 23 per cent to US$l.75 billion (554.29 billion) In 1976, compared to $2,273 billion in 1975, the Government Statistics Bureau reported.
    29 words
  • Article
    Lock icon Fight the drought, Chinese army told
    343 12 UPI HONGKONG, Wed. The Chinese army has ordered units "at all levels" to "deploy forces" as soon as possible to fight the worst drought In more than a quarter -century. The widespread drought Is threatening the winter wheat crop, which usually amounts to about
    UPI  -  343 words
  • Article
    Lock icon Asean council meets on energy sharing
    338 12 Reuter MANILA. Wed. Working committees of the Asean Council on Petroleum (Ascope) opened a two-day meeting here to work out co-operation in exploration, energy sharing and ways to beat possible fuel crises. Opening the meeting, Ambassador Rosarlo Manalo, deputy director general of the Philippines
    Reuter  -  338 words
  • Article
    Change of heart at Citibank
    267 12 KUALA LUMPUR. Tues. Citibank has dropped its plan to ask some of its account holders to voluntarily close their accounts. The bank said that the idea has now been scrapped because of public sentiment. "The proposal was carried out in good faith. Unfortunately it has
    267 words
  • Article
    Lock icon Raise for Suharto
    67 12 Reuter JAKARTA, Wed. The Indonesian Government has decided to raise the monthly salaries of President, Vice President and Cabinet ministers by about 13 per cent as from next month, a Government spokesman said todav. Under the new salary scheme the basic salaries of President Suharto will be
    Reuter  -  67 words
  • Article
    $50m sale of US equipment expected
    118 12 SEVERAL major industrial organisations and utilities authorities in Singapore, Malaysia and Indonesia are expected to buy about $50 million worth of electric generation and transmission equipment from the United States over the next 12 months. This Is the assessment of the US Trade Centre
    118 words
  • Article
    PRIVATE SECTOR BEHIND COMPUTER INCREASE
    560 12 PRIVATE sector demand for computers was the main impetus for the 142 per cent Increase In the number of establishments using computers since 1973. In 1973, only 38 establishments had computers. This grew to 92 In 1976. and the number of computers Installed Increased from
    560 words
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    Lock icon Australia wants to boost ties with Red Indochina
    219 12 UPI SAN FRANCISCO, Wed. Australia'* Foreign Affairs Minister aaid yesterday his country is seeking stronger ties with its Asian neighbours, including the communist Governments of Indochina. Mr. Andrew Peacock, enroute for talks with Carter Administration officials, said Australia's alliance with the United
    UPI  -  219 words
  • Article
    Ieng Sary leaves for KL
    85 12 MR lENG Sary. Cambodian Deputy Prime Minister, leaves this morning for Kuala Lumpur after his three-day official visit to Singapore. Mr. Sary spent yesterday morning touring the Toa Payoh Estate after a briefing from Housing and Development Board chairman. Mr. Michael Fam, on HDB's building
    85 words
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    Lock icon Money supply growth
    48 12 Reuter WASHINGTON, Wed. Federal Reserve Board Chairman Arthur Burns said while the Fed will allow the money supply to grow fast enough to accommodate the Carter Administration's economic policies, it will eventually have to begin lowering the rate of growth of the money stock. Reuter,
    Reuter  -  48 words
  • Article
    New law puts the lid on illegal strikes
    1177 12 PARLIAMENT yesterday passed a bill to curb illegal strikes and Industrial actions, a bill which, according to the Labour Minister, Mr. Ong Pang Boon, will aid towards increasing productivity and attracting capital investment. Mr. Ong, in moving the reading of the Trade
    1,177 words
  • Article
    Invitation to bid for next gold auction
    129 12 THE International Monetary Fund has released the invitation to bid for the next gold auction to be conducted on behalf of the trust fund on April 6, the Monetary Authority of Singapore said ysu-raay. The amount for sale in this auction the second
    129 words
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      191 12 &4 WW MONTHLY ECONOMIC REPORTS With monthly politicol supplement for UP-TO-DATE HANDY REFERENCE ASIA 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
      191 words