The Business Times, 26 March 1977
1977-03-26
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The Business Times
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Title Section9 1977-03-26 1 BUSINESS TIMES M.C.(P) 300/1/77 SATURDAY, MARCH, 26, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article81 1977-03-26 1 Reuter MANILA, Fri. The Philippines plans to step up its development programmes to provide a 15 per cent annual growth In its infrastructure, Including spending some US$4.OB billion (Ssl2 billion) over the next 10 years on highways and bridges, according to Central Bank governor Gregorlo Llcaros. InReuter - 81 words
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Article50 1977-03-26 1 UPI TAIPEH, Frl. Taiwan Is expected to show a 13 per cent industrial growth in 1977, down from 23 per cent last year, the Industrial Bureau said today. The growth in heavy industry is forecast at 16.2 per cent and light Industry at 12.4 per cent. UPI.UPI - 50 words
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Article66 1977-03-26 1 Reuter MANILA, Fri. The Manila-based Asian Development Bank (ADB) has signed an agreement with a West German banking consortium In Frankfurt, for a new issue of ADB deutschmark bonds, the Bank said here today. ADB said the agreement signed yesterday provides for the issue of 100 millionReuter - 66 words
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Article71 1977-03-26 1 UPI SEOUL, Fri. The Seoul Government said today that construction of new factories will be banned in Seoul and neighbouring areas. The ban is effective immediately. In addition to Seoul, six nearby towns Suwon, Inchon, Songnam, Uljongbu, Buchon, and Anyang and 33 areas around the capitalUPI - 71 words
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Article75 1977-03-26 1 AP PARIS, Fri. Gaullist leader Jacques Chirac was elected Mayor of Paris today, beating leftist candidate Henri Flszbln, a communist, by 67-40 In voting by the new city council. Mr Chirac's election had been expected. The election of Mr. Chirac, as the first Mayor of Paris, wasAP - 75 words
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Article53 1977-03-26 1 Reuter ANKARA, Frl. An earthquake struck eastern Turkey today killing at least 20 people, and officials said the toll was expected to rise. But fears of a major disaster receded as a clearer picture began to emerge of the situation In the remote area, more than 600 kmReuter - 53 words
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Article45 1977-03-26 1 UPI KATHMANDU, Frl. Saudi Arabia will provide a US$3O million (5573.8 million) Interest-free loan to Nepal for road construction and hydro-electric projects, the Finance Minister said today. The announcement came ten days after the two countries established diplomatic relations on March 15. UPIUPI - 45 words
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Article43 1977-03-26 1 UPI NEW YORK, Frl. Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 Indus 931.52, off 4.15; 20 transp 227.60, off 0.63; 15 utlls 105.25, off 0.35; 65 stocks 306 76, off 1.18. UPI.UPI - 43 words
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Chief Price Changes
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Article, Illustration170 1977-03-26 1 Rises Most active Kuala Sidim 340 +6 C Sugars 225,000 OCBC 680 191 124 +5 Haw Par 40,000 C4C +5 +5 Haw Par London 37,000 C Sugars Sime Darby 35,000 Esso 176 +3 Total Turnover: 0 86 M Cons Plant 382 +2 Total Value: $1.83 M Ontings170 words
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Article126 1977-03-26 1 Falls Most active Haw Par 82.00C F E.L'ston S2 68 -.12 Central Sugars 78.00C Perils Plant SI 20 08 Cons. Plants 48.00C Harper Gllf S3 08 06 Slme Darby 41.000 Patallng S2 42 -.06 N Iron S3 50 -.04 Total Turnover: 0.69 M B Kawat SI 46126 words
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862 1977-03-26 1 SOH TIANG KENG - SWISS, SAUDIS IN SAME CLASS By SOH TIANG KENG FIRST-CLASS borrower that's the reputation Singapore has earned in the International financial community. Bankers have pinned the "Double A" badge on Singapore for Its international credit worthiness. This is Just one step short of the862 words
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290 1977-03-26 1 Reuter MANILA, Fri. The Association of South-east Asian Nations Council on Petroleum (Ascope) held a late night session tonight after failing to reach an emergency oil sharing scheme among the five member countries, the Ascope secretariat said. Delegates from Indonesia, Thailand, Malaysia.Reuter - 290 words
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411 1977-03-26 1 THE Singapore Professional Centre Building project, according to an ad-hoc committee set up to look Into It. Is both desirable and feasible. Its location, while not yet determined, will be fairly central. The committee, however, has ruled out land In the CBD, and is on411 words
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Article145 1977-03-26 1 AP KUALA LUMPUR, Frl. Many countries have responded to the proposal by the Association of South east Asian Nations (Asean) for a zone of peace, freedom and neutrality In South east Asia, the Foreign Ministry's parliamentary secretary told the House of Representatives today. Answering questionsAP - 145 words
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98 1977-03-26 1 UPI TOKYO, Frl. A US expert team will arrive here next week for detailed talks on Japan's imports of Fl5 jet fighters from the United States, the Defence Agency reported today. The agency said the experts, led by Col. Fred Steatman ofUPI - 98 words
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409 1977-03-26 1 UPI MANILA, Frl. Libya and the Philippines have agreed on a peace formula in the four-year-old Muslim secessionist rebellion In the southern Philippines, the official Philippine News Agency (PNA) reported today. PNA said the formula was conveyed to Manila on March 18 by theUPI - 409 words
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142 1977-03-26 1 Reuter PARIS, Frl. Banking sources said North Korea has signed refinancing agreements Involving 492 million Swiss francs and 324 million marks with a group of 31 European, Australian and Canadian commercial banks. In each case the refinancing agreements have a seven-year life and are toReuter - 142 words
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314 1977-03-26 1 Reuter WASHINGTON, Fri. The recent appreciation in the value of the yen could help reduce future protectionist pressures in the US, Mr. C. Fred Bergsten, Assistant Treasury Secretary for International Affairs, told Reuters. He said that while the appreciation of the yenReuter - 314 words
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520 1977-03-26 1 SINGAPORE Airlines (SIA) Is believed to have consigned any legal liability it may have to shoulder under a US$l27 million (Ss3l2 million) suit filed against it and Air France yesterday to Its Insurance underwriters. Commenting on a report that such a suit520 words
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104 1977-03-26 1 Reuter MANILA, Fri. A government committee recommended Central Bank control of borrowings by foreign-owned firms in the Philippines, informed sources said. The borrowings, both domestic and foreign, would have to be to their equity. Firms which are registered under the Investment Incentives Act, in theReuter - 104 words
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Page 1 Advertisements
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Advertisement52 1977-03-26 1 lui[t 8 years old at least Market Reviews/ TV ft Radio P 2 Overseas news/ Features P 3 Local Co news P 4 International Co news P 5 Local stocks P 6 Overseas stocks P 7 Commodities P 8 Transport ft Communications P 9 Features PlO Local ft Overseas news52 words
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Advertisement61 1977-03-26 1 We are the Rolex people in Singapore Come and see us! If you are thinking of investing in a Rolex, see our fabulous range of fine watches at Eastern Watch Co. OFFICIALLY APPOINTED DEALER 285 South Bridge Road. Tel *****/***** Ground floor, Peninsula Shopping Centre, Coleman Street. Tel *****9 Ground61 words
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Advertisement107 1977-03-26 1 if NOW A FACT OF LIFE! Traditionally, fixed assets could be shown in company accounts at cost or at value. Now, the draft proposals for Current Cost Accounting require these assets to be stated at their value to the Business! For Companies or Auditors who may need advice on the107 words
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MARKET REVIEW
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Article266 1977-03-26 2 SYDNEY Reuter URANIUM stocks took off on another upward spiral in spirited bidding on the Sydney Stock Exchange this week. In the wake of the National Press Club speech delivered by Deputy Premier Doug Anthony, and market expectations of a favourable Fox Commission report, buyers virtually rushed uraniumReuter - 266 words
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Article528 1977-03-26 2 NOTHING came to the aid of the Kuala Lumpur stock market this week as shares prices continued to decline on four out of the five trading days. Most shares ended the week in minus territory, particularly the Slme Darby group of companies whose interim results, announced on Thursday,528 words
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320 1977-03-26 2 RONALD LAM - Compiled bf RONALD LAM Central Securities (Holdings) has acquired through its subsidiary Central Elastic Corporation, 8,500 shares of £1 each, or 40.48 per cent, in Calibre Packaging Aids of the UK, at £1.50 per share cash. Consolidated Plantations has offered to acquire320 words
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Article663 1977-03-26 2 IVAN FALLON - LONDON By IVAN FALLON THE LONDON stock market has gone through some cllff-hanglng times In the past two years but the past week must rank as one of the most anxious and intriguing. The focus of Interest was not the City, British Leyland, or the663 words
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Article376 1977-03-26 2 Slme Darby Is never inactive for long these days, much as it would probably prefer to stav out of the news for a while. This week, we had Its own figures for the first half year, Consolidated Plantation's figures, bid moves over Batu Matang and376 words
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Article140 1977-03-26 2 On Thursday, the Far Eastern watchers were eagerly awaiting the figures from Yule Catto. The interest this time round is based not so much on the figures but on expected announcements of estate sales. Analysts here are doing their sums thus: Mr. Lee Loy Seng has140 words
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Article739 1977-03-26 2 TRADING was quiet and featureless at the Stock Exchange of Singapore this week when prices moved Irregularly within narrow limits. This resulted in a mixed finish, with most leading market shares varying within one per cent of their last week's levels. It would appear that the bulls and the739 words
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Article192 1977-03-26 2 Reuter CHICAGO, Fri. The Chicago Board of Trade (C--BOT) said It will create 100 special memberships next month allowing holders to trade only In financial Instruments and gold futures contracts for themselves and for customers. The board said the plan was approved by Its membership InReuter - 192 words
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275 1977-03-26 2 AP PHILADELPHIA, Fri. By the end of this year, the United States economy should show signs of recovery from the harsh winter that raised food and fuel prices, three University of Pennsylvania economists said yesterday. But while more Americans will be going backAP - 275 words
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Article237 1977-03-26 2 Reuter AMSTERDAM, Frl. The slow increase In economic activity in Holland continued In the fourth 1976 quarter, the Dutch Central Bank said in its latest quarterly report. Levels of industrial production were level on average with the third quarter at 100 (base year 1974), comparedReuter - 237 words
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Article142 1977-03-26 2 Reuter TOKYO, Frl. The policy board of the Bank of Japan decided to lower the Interest rates paid on demand deposits by Japanese banks by 0.5 per cent, effective April 4, a spokesman for the bank said. The new rates will be 2 per cent forReuter - 142 words
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Page 2 Advertisements
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Advertisement482 1977-03-26 2 <! •4 r Southeast Asia has as many faces as tliere 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, on history and social fabric of our region, this year's482 words
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Page 2 Miscellaneous
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Miscellaneous397 1977-03-26 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on March 25 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 SINGAPORE 5 1.00 p.m. Opening Announcements followed by397 words
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OVERSEAS
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512 1977-03-26 3 ($2.7 BILLION IN FEBRUARY) WIESBADEN, Friday UPI WEST Germany built up another huge foreign trade surplus In February with exports exceeding Imports by 2.7 billion marks (about 552.7 billion), the Federal Statistics Office announced here yesterday. The country, which has been under pressureUPI - 512 words
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213 1977-03-26 3 UPI LONDON, Fri. Following the rebuilding of wheat stocks In 1976-77, the supply-demand situation should be reasonably comfortable in 1977-78 unless exceptionally large shortfalls in production occur in some important production areas, the International Wheat Council said in its latest report yesterday. It isUPI - 213 words
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174 1977-03-26 3 UPI RIO DE JANEIRO, Frl. Export soybean sales remained paralysed yesterday, and a spokesman for the Bank of Brazil's export division. Cacex, said it will begin processing export registration applications "as soon as possible maybe at the beginning of next week." The spokesman for CacexUPI - 174 words
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395 1977-03-26 3 UPI CAIRO, Fri. A consortium set up by four oil-rich Arab states has exhausted its capital by agreeing to lend Egypt US$l.5 billion (553.6 billion) to bolster its ailing economy, the newspaper Al Ahram said in today's editions. Although it said the consortiumUPI - 395 words
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345 1977-03-26 3 Reuter LONDON, Fri. A govern-ment-appointed committee yesterday recommended an end to the monopoly over radio and television held by the British Broadcasting Corporation (BBC) and the independent Broadcasting Authority (IBA). In a 522-page report on the future or British broadcasting, the 16-member committeeReuter - 345 words
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Article116 1977-03-26 3 UPI TEL AVIV, Frl. Dockers at Israel's three major sea ports yesterday ended a two-day strike after being served with emergency back-to-work orders that carry stiff Jail terms and fines for offenders. The government Issued back-to-work orders after all ministers endorsed the move In a telephone poll.UPI - 116 words
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308 1977-03-26 3 Reuter LONDON, Fri. Oil exporting countries and private interests should consider taking over an additional 10 to 20 million dwt of tanker tonnage from owners whose equity is disappearing and whose secured tanker debt is in default, or nearly so, Mr. PeterReuter - 308 words
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Article173 1977-03-26 3 Reuter MADRID, Frl. The Spanish Government today announced a large Increase In the minimum national wage and pay rises for civil servants and military men to ease the effects of the country's galloping Inflation rate. But on the political front the government dashed Opposition hopesReuter - 173 words
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Article32 1977-03-26 3 Reuter WASHINTON, Frl. The Federal Communications Commission authorised International Business Machines to begin to one year test of high speed date transmission between the US and France via communications satellite.Reuter - 32 words
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175 1977-03-26 3 Reuter PARIS, Fri. French Prime Minister Raymond Barre said In an interview published today that the entry of new members into the European Common Market would make Its work more complicated. He told the conservative dally L'aurore that the entry of Britain, Denmark andReuter - 175 words
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Article27 1977-03-26 3 OTTAWA, Fri. Canada posted a car trade deficit of US$l billion with the US In 1976, down from US$l.92 billion in 1975, Statistics Canada said.27 words
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1107 1977-03-26 3 U.S. VIEWS ON SOUTH-EAST ASIA DESPITE the outward appearance of success achieved by President Carter's special mission to Indochina, the United States still considers that •'uncertainty" is the dominant motif characterising the present and future of the South-east Asian region. And although the US strongly wishes1,107 words
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Page 3 Advertisements
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Advertisement844 1977-03-26 3 EAST MEETS WEST: SINGAPORE Dick Wilson 26.5 x 26cm; 254 pages; hardbound; 5528.00 Dick Wilson, well-known journalist and author of A Quarter of Mankind and Asia Awakes, here describes and analyses the development of Singapore, one of the world's most successful and remarkable city states. Starting from its founding and844 words
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COMPANY NEWS
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Article594 1977-03-26 4 WITH the Malaysian beer market making most of the running, Malayan Breweries has managed to raise pre-tax profit by 8 8 per cent to $14.36 million for the first six months ended Dec 31. 1976. During the period under review, the Malaysian market grew594 words
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Article602 1977-03-26 4 Current Ex Date Total for Total for payment Date payable the year previous year A. Amalgamated 30% I Mar 14 Mar 31 30%I 50% Aver Molek 15% Mar 9 Mar 31 15% 10% S.P.Textile 10%b Feb 10 Mar 31 10%b 6.7%a Kahman Hyd. 10%I Mar 3 Apr 1602 words
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268 1977-03-26 4 UNFORTUNATELY for Johan Tin Dredging, as the tin price surged ahead during 1976, Its ore output sank to a trickle. From 2,255 piculs of ore mined In 1975/76 output fell to Just 612 piculs in the year ended Jan 31, 1977. As268 words
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Article72 1977-03-26 4 HARRISON Malaysian Estates' offer for Golden Hope Plantations has been accepted In respect of 91.26 per cent of Golden Hope and Harrison can now acquire compulsorlly the remainder under the 1948 Companies Act, Merchant Bankers J Henry Schroder Wagg said. Acceptances for similar offers for London Asiatic72 words
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Article69 1977-03-26 4 PAN Malaysia Cement works (PMCW) has acquired 168,750 shares of Msl each in Mushroom and General Trading (MGT) at par for cash. MGT is a trading company and the sofe distributor of mushrooms produced by Malaysia Food. It was Incorporated in July last year as a69 words
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666 1977-03-26 4 PENGKALEN, an old British mining company operating In the traditional tin state of Perak, has reported that although the tin price has Increased substantially, Its pre-tax profit fell by 43 per cent to i' 235,257 for the year ended Sept 30, 1976 due to declining output.666 words
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425 1977-03-26 4 APART from its offer for Patanl Para Plantations, Consolidated Plantations Is also acquiring all the Issued share capital of Batu Matang Rubber Plantations (1932) It does not already own. Consolid ted Plantations, which currently owns 305,500 shares or 33.9 per cent of Batu Matang, will425 words
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COMPANY MEETINGS
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Article26 1977-03-26 4 THE following company meetings are due: Mar 25, 10.30 a.m., Registered Office, 12th Floor, Fltzpatrlck's Building, 86 Jalan Raja Chulan, Kuala Lumpur.26 words
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19 1977-03-26 4 Mar 31, 12 noon. The Raya Room Hotel Equatorial, Jalan Sultan Ismail. Kuala Lumpur.19 words
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Article19 1977-03-26 4 Mar 31. 3 p.m., at the Johore Bahru Rest House, Jalan Sungel Chat. Johore Bahru19 words
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16 1977-03-26 4 Apr 1,9 a.m., Registered Office, Road 6, Section 13, Petallng Jaya.16 words
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Article16 1977-03-26 4 Cycle Carriage Ltd.: Apr 5, 2.30 p.m., Conference Room, Mandarin Hotel, 333 Orchard Road, Singapore 9.16 words
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Article15 1977-03-26 4 Apr 9, 12 noon, Registered Office, No. 92, Jalan Bandar, Kuala Lumpur.15 words
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18 1977-03-26 4 Apr 11, 10.30 a.m.. Registered Office, No. 64-A, Jalan Buklt Blntang, Kuala Lumpur.18 words
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Article14 1977-03-26 4 Apr 15, 10 a.m., 45 Spottiswoode Park Road, Singapore 2.14 words
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Article14 1977-03-26 4 Apr 20, 11.30 a.m., 4th mile stone, Jalan Merslng, Kluang, Johore.14 words
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Article15 1977-03-26 4 Apr 28, 12 noon, Registered Office, Chartered Bank Chambers, Beach Street, Penang.15 words
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Article13 1977-03-26 4 May 12, 12 noon, Bastion House, 8 Jalan Kota, Malacca.13 words
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Article13 1977-03-26 4 Mar 25, 12 noon, Registered Office, 14 Lokyang Way. Singapore 22.13 words
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Article17 1977-03-26 4 Mar 29. Registered Office. Road No. 7. Port of Singapore Authority, Singapore 4.17 words
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Article16 1977-03-26 4 Mar 30, 11.30 a.m., Polynesian Room of Ming Court Hotel, Tanglin Road, Singapore.16 words
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Article17 1977-03-26 4 Mar 30. 11.45 a.m.. Polynesian Room of Ming Court Hotel, Tanglin Road. Singapore.17 words
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Article17 1977-03-26 4 Mar 30, 12 noon, 11th Floor, Shing Kwang House, Shenton Way, Singapore 1.17 words
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Article17 1977-03-26 4 Mar 30, 12.30 p.m., Polynesian Room of Ming Court Hotel, Tanglin Road, Singapore17 words
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22 1977-03-26 4 Mar 31, 12 noon. Registered Office, No. 22 (Upper floor of No. 20) Jalan Oelanggang, Malacca.22 words
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Article19 1977-03-26 4 Mar 31, 12 noon, Studio I, sth Floor, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur.19 words
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Article144 1977-03-26 4 SINGAPORE Petroleum Co have announced the appointment of Mr. David Ong Choon as general manager employee and labour relations. Jardlne Matheson and Co (South-east Asia) have announced the appointment of Mr. RE Moore as alternate director to Mr J A Heywood for the period Mar 13 to144 words
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Article1554 1977-03-26 4 On March 24 ON the Chicago Board Options Exchange on Thursday, a total of 92,874 contracts were traded, down from 94,952 on Wednesday. v OCT STOCK OPTION APL JLY OCT STOCK Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AtlR AtlR AtlR Avon Avon Avon1,554 words
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598 1977-03-26 4 NYT NEW YORK. Frl. A Rrlvately sponsored study to elp New York City's shrinking economy has pinpointed three Industries office machines, electronic components and ornamental metal work that It says could be carried on here more cheaply than In their traditional manufacturing centres.NYT - 598 words
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380 1977-03-26 4 NEW YORK, Frl. the U.S. Securities and Exchange Commission (SEC) Is proposing changes in its rules which would allow institutional investors, such as insurance companies and even banks, direct access to U.S. stock markets Instead of having to deal through brokers and to pay380 words
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287 1977-03-26 4 LONDON. Frl. Turnover of clayware and refractory products manufacturer, Hepworth Ceramic Holdings, advanced from £137.37 million to £162.42 million during 1976 and profit was a record £18.85 million compared with £12.88 million subject to tax of t'9.81 million (16.54 million). At halftime profit was287 words
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86 1977-03-26 4 Reuter LONDON, Frl. Peninsular and Oriental Steam Navigation said It Is studying the possibility of a partial public floatlon of subsidiary P and O Australia. Any notation would be of a minority Interest only. "There is absolutely no time pressure and thereReuter - 86 words
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Article85 1977-03-26 4 NEW YORK, Fn. -Net profit at May Department fell to US$4O 49 million from $41.05 million in the fourth quarter ended Jan 29,1977 The setback was suffered despite a sales rise to $720.6 million from $664 6 million For the full year, net profit came to85 words
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Page 4 Advertisements
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Advertisement146 1977-03-26 4 mmiwm mm WOLSEY HALL, the world renowned correspondence college offers you tuition in English at Elementary, '0' and 'A' levels through FEDERAL PUBLICATIONS HOME STUDIES DIVISION, SINGAPORE Also available are Wolsey Hall and Foulks Lynch courses in all subjects for the following examination bodies. WOLSEY HALL Cambridge GCE '0' and146 words
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INTERNATIONAL COMPANY NEWS
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170 1977-03-26 5 Reuter NIJMEGEN. Frl. Estel Hoesch-Hoogovens said the depressed state of the world steel market has forced it to suspend new projects abroad. This will mean a delay In study being carried out with the August Thyssen Huette and the Dofasco Group of Canada forReuter - 170 words
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Article92 1977-03-26 5 Reuter CHICAGO. Fri. Standard Oil (Indiana) said it will enter negotiations through its Amoco Minerals unit with current shareholders of PT Pacific Nikkei Indonesia with the intention of acquiring an equity interest in that company. Pacific Nikkei is an international consortium which has a contractReuter - 92 words
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Article84 1977-03-26 5 Reuter PARIS, Fri. CilHoneywell Bull is planning to increase its present 1.13 billion franc capital In the first half of this year, chairman Mr. Jean-Pierre Brule said. He declined to give further details. The company announced extension of its computer range by the addition of 30Reuter - 84 words
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Article45 1977-03-26 5 LONDON, Frl. The Ste National Elf Aquitaine US$75 million Eurobond due 1985 was priced at par with an B'4 per cent coupon. Union Bank of Switzerland (Securities) said as lead manager. The issue which carries no sinking fund facility was substantially oversubscribed, ÜBS said.45 words
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Article286 1977-03-26 5 Reuter DETROIT, Fri. Burroughs chairman Mr. Ray W Mac Donald said the comDanv looks forward to continuing good progress and growth during 1977. Mr. Mac Donald told the annual meeting the firm has entered 1977 with the strongest financial position In Its history. President Mr. PaulReuter - 286 words
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Article222 1977-03-26 5 Reuter TOKYO, Frl. On a 13.4 per cent rise In sales, Kirin Brewery has raised aftertax profit 40.7 per cent to 13.59 billion yen (9.66 billion yen) in the year ended Jan 31, 1977. Sales rose to 599.33 billion yen from 528.59 billion yen lastReuter - 222 words
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382 1977-03-26 5 Reuter LONDON. Fri. Mr. P.B. Baxendell a managing director of the Royal Dutch/ Shell Group, said Theell/ Esso consortium will have spent nearly US$9 billion by end 1980 on developing existing UK North Sea discoveries. In a speech to the Empire Club ofReuter - 382 words
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361 1977-03-26 5 Reuter NEW YORK, Frl. Apprehension about the shape of President Carter's energy programme and predictions of some lower first quarter earnings have sent oil share sharply lower. Since the beginning of the week, stocks of many large US oil companies have dropped betweenReuter - 361 words
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Article225 1977-03-26 5 Reuter NEW YORK, Frl. Phelps Dodge, in a proxy statement. said It is asking shareholders at the May 4 annual meeting to authorise a new class of two million preferred shares and Increase the number of common shares by six million. Phelps Dodge said ItReuter - 225 words
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Article172 1977-03-26 5 Reuter NEW YORK, Frl. American Brands reduced Its total debt to U*****.1 million from $850.7 million In 1976, the company's annual report said. uallaher, a British subsidiary, accounted for $49 million of this reduction as its debt declined to $75.3 million from $124.3 million. However, becauseReuter - 172 words
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Article121 1977-03-26 5 Reuter TOKYO, Frl. Spokesman for Isuzu Motor denied a press report It will discuss with General Motors next month a possible Increase In GM's stake In Isuzu from the present 34.2 per cent. He said the report, In the newspaper Sankel. was purely speculation In connection withReuter - 121 words
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Article282 1977-03-26 5 BRISBANE, Frl. Unaudited consolidated operating profit at Thiess Holdings rose to A 57.13 million from $5.36 million In the first half-year ended Dec 31, 1976. Revenue rose to $143.36 million from $130.90 million last time. With the buoyant results, Thiess has raised the interim dividend to282 words
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1187 1977-03-26 5 Thomas A. Mullaney - LACKLUSTRE PERFORMANCE By Thomas A. Mullaney NYT IT IS not often that the leading analysts of the securities market have been quite so unanimous as they are at the moment In pinpointing the main reason for the lacklustre performance of stocks and bondsNYT - 1,187 words
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Article200 1977-03-26 5 Reuter EINDHOVEN, Frl. Net profit at Philips rose to 562 million guilders from 384 million guilders last year on sales of 30.4 billion guilders, up from 27.1 billion guilders previously. With the higher profit, the total dividend is lifted to 1.60 guilders from 1.40 guilders,Reuter - 200 words
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Article88 1977-03-26 5 Reuter TOKYO, Frl. The Tokyo Stock Exchange s Id It will lower margin requirements for all but eight stocks to 50 per cent, including 10 per cent In cash, from the present 60 per cent Including 10 per cent In cash, effective today. The eight stocks,Reuter - 88 words
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Article60 1977-03-26 5 Reuter FRANKFURT, Frl. The 100 million mark seven per cent eight-year Eurobond for the Asian Development Bank (ADB) was priced at par. lead manager Deutsche Bank said. Deutsche Bank tolnt board spokesman Mr. Wilfred Guth said yesterday he expected pricing would be raised to par from the orglnal 99HReuter - 60 words
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Article400 1977-03-26 5 Reuter MELBOURNE, Frl. Hamersley Holdings Is currently negotiating for higher prices on a number of its Iron contracts with Japanese steel mills, chairman Mr. Russell Madlgan said in his statement In the company's annual report for calendar 1976. He said Hamersley negotiated rises In the No.Reuter - 400 words
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Article171 1977-03-26 5 Reuter LONDON, Frl. Ishlka-wajlma-Harlma Heavy Industries plans to offer a US$45 million issue of guaranteed notes, due 1982, First Boston (Europe) said as Joint manager of the Issue. Present market conditions Indicate an annual coupon of per cent, First Boston added. The Issue will beReuter - 171 words
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Article129 1977-03-26 5 HONGKONG, Frl. Hut-chison-Boag has achieved consolidated net profit of HK55.94 million for 1976 compared with a loss of $363,000 in the previous year. The profit Is after minorities, extraordinary and prior year items and provisions for tax. With the turnround, Hutchison has resumed dividend payment with129 words
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Article104 1977-03-26 5 Reuter BRUSSELS, Frl. The EEC Commission said It signed a US$lOO million per cent loan with a syndicate of Dutch banks headed by Algemene Bank Nederland. The loan is divided into three parts with an average maturity of years. It Is being used to consolidate aReuter - 104 words
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Article121 1977-03-26 5 Reuter LONDON. Frl The Bank of England said applications for up to £50.000 of the new British Government bond, Exchequer 12v* per cent 1992, will be allotted In full. Applications lists for the stock, the £800 million of which is being offered on a partlyReuter - 121 words
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Article80 1977-03-26 5 Reuter TOKYO, Frl. Nissan Motor said Its Mexican subsidiary Nissan Mexicana, will build an engine plant Including a casting plant to produce 110,000 1500 c.c. engines, for completion In the latter half of 1978. About 60 per cent of the engines will be shipped to Japan in knock-downReuter - 80 words
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Article34 1977-03-26 5 LONDON, Frl. The Mitsui Petro-chemical Industries US$25 million Eurobond, due 1982, was priced at par with an eight per cent coupon, Nomura Securities said as issue manager. Nomura said the issue was oversubscribed34 words
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Page 5 Advertisements
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Advertisement196 1977-03-26 5 Give us a man for a monthwell give him a language for life inlngua now the largest group of language schools in the world 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 proficiency196 words
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Article2136 1977-03-26 6 Gr'» Gr'a Net 1976/77 Last div Div y'ld P/E Vol Day High Low Company Sale +OT- c'vr C000) High Low SECTION ONE INDUSTRIALS 175* 133 Acma 146 1 12.ON 1.1 8.2 7.3 3 146 146 133 127 Acma A 128 -1 12. ON 1.1 9.3 6.4 22,136 words
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Article1122 1977-03-26 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 deals1,122 words
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Article1218 1977-03-26 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 industrial* Alma (I 438 1 508) A.T.F. (0 518). Alcorn (1.858 1 928)1,218 words
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Article134 1977-03-26 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. D.B.S. (June $3.90) (0.80B) (4) 0.09 (June $3 60) (0.15B) Inchcape (June $2.40) (O.IOViB 0.134 words
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Article165 1977-03-26 6 SINGAPORE UNIT TRUST (Manager*' prim for Mar 28) INCOME BOND UNIT (Current price*) The Commerce ..1.74 184 The Saving Fund 0 85 0 90xd INCOME BOND 1.10 1 16 S pore Prog Fund 0 75 0 80 S'pore Security MARA BUMIPUTRA FUND Fund .1.41 1.49 (Manager*' price* for165 words
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Article168 1977-03-26 6 BOTH \IYk 19X1 (100.000) (1038 103 3 «S) D B S H I/27c 1982 (100.000) (lOO'iB 101S) DBS Converts 6 MYk 1991 (100.000) (978 98S) E I B 97r 1982 < 100,000) (103' jB 104'*S) E I B 8 1/4% 1983 (100.000) (99 7 sß 100' 2 S)168 words
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Article121 1977-03-26 6 5 1/2% 1/12/77 (1,000.000) (101.50B 101 65S) 5*7, T F 1/3/78 (1.000,000) (102 65B 102 75S) 5 1/2% 15/4/78 (1.000,000) (101 65B 101 70S) a 1/4% 15/7/78 (1,000,000) (101 57B 101.61S) 7% 1/7/79 (1,000.000) (104.80B 104.95S) 5 1/2% 1/10/77-79 (1.000.000) (101 38B 101.53S) 5 1/4% 15/10/79 (1,000,000)121 words
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Page 6 Advertisements
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Advertisement244 1977-03-26 6 M f 7 *f I 1 *1 0* <r \0 4*5. f -5 V", -V i:- >> ftg v > ■v*-% 4i v ••.<*:. i£ '.V 'I BSSsBl® r ?A ?Fj*6,:. J* *7/,' •>" A 1 Alex Josey has long been an observer, recorder and commentator of the Singapore scene.244 words
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Article506 1977-03-26 7 TRADING waa generally very quiet with a singular lack of range noted across a wide front in the Stock Exchange of Singapore yesterday. On balance, the market finished mixed. The price depreciations, however, were narrower than some of the gains recorded. By and large, the market506 words
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Article368 1977-03-26 7 SHARES marked time In low volume trading at the Kuala Lumpur stock market yesterday. The tide of selling appeared to have abated although some speculative Issues were still showing weak tendencies. There were a few counters that moved up on stortcoverlng account and some speculative368 words
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112 1977-03-26 7 Reuter BARTLESVILLE, Okla, Frl. Phillips Petroleum said it patented an invention which provides a low-cost means of increasing daily petrol production from a widely used oil refining process by about 22 per cent. rnunps Petroleum said in tests at its Borger, Texas, refinery using the invention.Reuter - 112 words
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Article52 1977-03-26 7 PARIS. Fri. ThomsonCSF declined to comment on reports from Informed sources that the company has received an order of several hundred million francs from China for an air traffic control system. The informed sources said the order was placed after a team from Thomson had spent several months52 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1133 1977-03-26 7 NEW YORK: The stock market failed again to climb out of the slump that has dragged prices down for six straight sessions. The Dow Jones Industrials Index closed down 6.65 points to 935.67 points and the New York Stock Exchange Index declined 0.14 to 54.36. Analysts said President1,133 words
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Article363 1977-03-26 7 PARIS: Dealers said metals were the only sector to advance on Thursday, led by Denain rising seven per cent, Metal Normand nearly three per cent and Creuaot Loire two per cent. Engineerings and rubbers were irregular. Among government stocks the 4.5 per cent 1973 Gitcard Loan gained strongly, closing363 words
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Article401 1977-03-26 7 JOHANNESBURG: Gold shares traded basically steady at lower levels toward the close with the rise In the securities rand slackening trade, dealers said on Thursday Net movements were small after some Isolated movements off the bottom after the higher morning fixing Financial minings shadowed producers, although some counters recovered401 words
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Article290 1977-03-26 7 ZURICH: The market closed after featureless activity that lacked fresh Incentives Swissair was little changed, despite Its reported profit for 1976 which had already been discounted, dealers said. Leading banks were steady, except for higher Bankgesellschaft registered and somewhat easier Leu bearer. Bally bearer firmed In otherwise barely changed290 words
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Article313 1977-03-26 7 AMSTERDAM: Shares fell slightly In quiet trading on Thursday. Royal Dutch led Dutch Internationals 2.40 guilders lower although losses elsewhere in the sector where limited to 0 50 guilders Transports fell with the exception of KNSM, which rose 0.30. Trading and Industrial stocks fell although Ahold rose a further313 words
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Article159 1977-03-26 7 BRUSSELS: Prices closed mixed In quiet trading with no new market factors bourse sources said on Thursday In Belgian shares. Acec, CockeriU and Solvay rose, Ebea and Asturienne were lower while Arbed and Electrobel were unchanged. In foreign stocks, Dutch and UK were little changed. Germans rose slightly, French159 words
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Article327 1977-03-26 7 FRANKFURT: Shares closed higher on Institutional buying and domestic and foreign Investor demand, market sources said on Thursday Activity was centred on leading chemicals, with shares gaining up to six marks Electrlcals were mixed to weaker. Machinery shares gained up to 2.50 Dresdner Bank, which announced an unchanged 1976327 words
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Article306 1977-03-26 7 TORONTO: The market was unable to sustain a final hour rally and closed lower In light trading on Thursday Declines led advances 217 to 168 Polyaar gained 1/4 to 25-3/8 on the company's higher year net earnings and North Canadian Oil*, also reporting higher net. added 1/8 to 8-1/4306 words
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Article149 1977-03-26 7 MILAN: Stocks again made selective gains in moderate dealings. bourse sources said on Thursday. Fiat led leading Industrials higher and Assicurazione Generate also firmed Generate Immobiliare fell sharply following the announcement of the low proportion of subscriptions from shareholders to Its capital Increase. Bonds were quiet. MAR 24 Lire149 words
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Article484 1977-03-26 7 TOKYO: Share prices closed higher with Investors welcoming the relaxation of margin requirements and the further fall In the outstanding balance of margin trading, dealers said on Friday. The Dow Jones average rose 13.82 to close at 4,975.62 with volume 210 million shares The New index closed at 375.17,484 words
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Article442 1977-03-26 7 SYDNEY: The market was generally firmer, led by uraniums, although proflt-tak-lng pared gains towards the close, dealers said on Friday The Sydney All-Ordinaries Index rose 1.61 points to 446 15. Pancontinenlal closed five cents lower at $11 65 after topping but Kathleen, QLD Mines and EZ Industries retained most442 words
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Article180 1977-03-26 7 MANILA: The market was generally easier in dull trading, with minings and oils lower and commercials slightly firmer, dealers said on Thursday Total turnover dropped to 4 43 million pesos from Wednesday's 7 43 million pesos Benguet was higher but Acoje Mining, Atlas Con A and B, Baguio Gold,180 words
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Article462 1977-03-26 7 HONGKONG: The market was mixed but with a firm undertone as late buying took so:me leading issues higher In late trading, dealers said on Friday. The Hang Seng Index rose 0.66 to close at 420 06. Among blue chips. Jardine Matheaon rose 20 HK cents to $16 70 and462 words
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Article91 1977-03-26 7 MAR 25 Bahts Asia Fibre 13S -1 Bangkok Bank 253 unch Bangkok Invest 175 ♦4 Bangkok-Metro-politan Bank Bata 411 BerllJucker 200 ♦4 Charoong Thai Wire i«e Dumex Duslt Tham Faber Merlin First Trust Indo-Thal Industrial Finance Corp 1105S unch J And J Ho 221 ♦3 Jalaprathan Cement 05 191 words
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Article78 1977-03-26 7 FINANCIAL TIMES INDUSTRIALS Thursday 421 4 Wednesday 427 4 Week Ago 433 8 DOW JONES AVERAGE INDUSTRIALS Thursday 935 67 Wednesday 942 32 Week Ago 964 84 I ONDON DOI I.AH PREMIUM Thursday Ill to 111 v, Wednesday lli, 10 112 J H.K. HANG SENG Thursday 419 37 Wednesday78 words
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Page 7 Advertisements
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Advertisement176 1977-03-26 7 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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COMMODITY REPORTS AND PRICES
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Article359 1977-03-26 8 OPENING quotations In the Stngai>ore rubber market yesterc'ay, were marked up 1.25 cents following higher London advices and later gained another 0.25 cent after which prices hovered around these levels for the remainder of the morning. Turnover was small. The morning session closed quiet with359 words
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Article29 1977-03-26 8 Rubber: Mar 25 Singapore: April 202.00 cts (up 1.25 cts) Malaysia: April 204.50 cts (up 0.50 ct) Tin:llso9 (up $4.00) Official offering: 170 tonnes (down 8 tonnes)29 words
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Article791 1977-03-26 8 IN the Singapore gold market yesterday, the kilobar was traded In the range of 5512.155 to 5512.200. The loco London gold opened at U*****.30/152.60 and on good buying support and short-covering moved up to U*****.00/153.40 at the close. The tone of the market was stead v. The London morning791 words
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Article107 1977-03-26 8 April May R.A.S. (Currat Mth) (Forward Mtk) Buyer* Seller* Buyer* Seller* (cent* par kf) (cw it* per kf) SSR20 (1-ton Pallet) 104 00 10« 00N 105 50 107 SON SSR50 (1-ton Pallet) 101 SO 193 50.S 103.00 108 OON M.R.E.L.B. SMR 5 CV (1-ton Pallet) 222 50107 words
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Article138 1977-03-26 8 THE Straits tin price In Penang yesterday $4.00 to $1,509.00 per plcul on an official offering down 8 tonnes to 170 tonnes. In LONDON on Thursday, tin on the day eased £5 all round In both contracts. Prices fell sharply under Increasing stale bull liquidation, stoploss and chart138 words
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Article45 1977-03-26 8 LONDON, Frl. Zinc fell £8.50 all round In the afternoon on Thursday. A softer tendency emerged under scattered hedge selling which touched off stoploss orders on the kerb where down to £421 was paid for Three Months. Sales of 1,825 tonnes were mainly carries.45 words
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Article128 1977-03-26 8 THE following Palm Oil prices were quoted In London on Thursday The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated Thursday Prrv Malaysia 5% f fa bulk May/June 000 sir 630 sir Sumatra 5% Mch unch 613 50 pd Apl unch128 words
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Article240 1977-03-26 8 LONDON, Frl. On Thursday afternoon, copper wlrebars lost mostly £8.50 per tonne on the day. The market lacked fresh buying enthusiasm and worked lower under general liquidation prompted by the decline In New York. Dealers said a somewhat overbought situation was also influenced by the decline in other base240 words
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Article173 1977-03-26 8 LONDON. Frl. Sliver finished the morning with net gains of 1.1 59 0.5 pence per troy ounce. Values steadied in the E re-market where Three lonths traded up to 297 pence aided by higher gold. But the market drifted lower during the Ring as sentiment was undermined by the173 words
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Article115 1977-03-26 8 LONDON, Frl. Lead finished the morning unchanged for Cash and £0.50 down for Three Months. The relative steadiness of the pre-market reflected expectations of a moderate decline In stocks this week, dealers said. Three Months traded up to £416 per tonne, but the market soon attracted hedge selling and115 words
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Article281 1977-03-26 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICCL YESTERDAY. Coconut Oil Bulk *120 sellers, old drum *125 sellers, new drum 1130 sellers Copra Mixed (loose) UK/ Cont. 176 buyers Pepper Muntok ASTA white f.o.b 100% NLW $415 sellers. Sarawak white f ob 8«% NLW *385 sellers. Sarawak281 words
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Article128 1977-03-26 8 CHICAGO, Thurs. Wheat futures posted gains of 3/4 to 1/2 cent a bushel at the end of a light trade which confined price movement within a two cent range. Speculative selling on the weakness In soybean futures and commercial hedging brought small early losses. But support was encouraged by128 words
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Article186 1977-03-26 8 CHICAGO, Thurs. Soybean futures closed mixed on relatively lighter trade. Old crop months were down five to 8 1/2 cents a bushel while new crop contracts ranged from a loss of cents In the September to a gain of 1/2 cent. Disappointment over Wednesday's performance and the uncertainty over186 words
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Article381 1977-03-26 8 AGAIN little can be said of the week's activity where very quiet and dull conditions ruled for the most part until latterly when a more pronounced easiness was noticed; levels were down nearly six cents overall with turnover much reduced reports Holiday, Cutler and Bath In381 words
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Article298 1977-03-26 8 LONDON. Frl. Sugar futures prices at the end of the opening call were £1.05 (Dec at £141.50 bid) to £0.60 per tonne down from last night's close but marginally up on Kerb levels. Nearby positions however came under modest liquidation pressure soon after the call reflecting a £2 decline298 words
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Article214 1977-03-26 8 LONDON, Frl. Robusta futures ended an active opening session slightly steadier, but still £100 to £33 per tonne down on last night. 540 lots were traded. Robusta futures continued to advance in thin trading to close the morning about steady but with losses of £31 to £6 on last214 words
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Article222 1977-03-26 8 BANKGOK. Frl. 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 287 5 per cent 257 10 per cent 238 15 per cent 235 20 per222 words
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MONEY AND EXCHANGES
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Article562 1977-03-26 8 STRONG rallies exerted by the yen over the past few days came to a halt yesterday afternoon In the Singapore exchange market. From the opening of 278.45/50 yen, the US dollar fluctuated In thin 60 points for the first two hours of trading, touching the day's low at 278.45562 words
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Article174 1977-03-26 8 Asian rates ASIAN currency deposit interbank rates as at close on March 25 US Dollars (Spat) Offer Bid 7 days 1 mth 2 mths 3 mths 8 mths 9 mths 12 mths 4 15/16 5 1/4 5 1/6 5 1/4 5 11/16 5 15/16 4 13/16 5 1/8 5 5174 words
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Article42 1977-03-26 8 RANOE of price* offered by dlscount houses on March 25 Overnight v. to 3% Call deposit 3% Closing Buy Selling 3-month Treasury bills 1 3-Month Bank bills 3% 3* 3-Month CD 41/16 3*4 6-Month CD 4* 4* Source: National Discount Co42 words
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Article155 1977-03-26 8 Euro rates LONDON, Frl. Period Eurodollar deposits opened a shade harder where changed In slightly Increased turnover, although overall trading was still fairly quiet, dealers said. Short-dates were little changed. Initial gains of around 3/16 and 1/16 In One and Four Months respectively reflected Friday ends of periods and the155 words
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Article199 1977-03-26 8 LONDON, Frl. Major currencies opened little changed from overnight levels In very quiet trading, dealers said. The dollar showed a little firmer, with a substantial Increase In US monetary aggregates for the latest reporting week expected by some operators to encourage a slight tightening of US monetary policy while199 words
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Article171 1977-03-26 8 NEW YORK, Thurs. The dollar closed slightly firmer after a featureless day, gaining marginally In closing trading on news of a rise in US money supply, dealers said. The yen closed weaker at 0.3587/89 cents from 0.3603/05 cents after falling earlier in Tokyo on a press report that171 words
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Article76 1977-03-26 8 TOKYO, Frl. In the Japanese exchanges opening, the US dollar for overnight delivery moved to 278.50, after opening higher at 278.70 compared to 278.20 at yesterday's close, reflecting the easiness of the yen in overseas centres, dealers said. After Initial covering of import settlement needs, trading turned quiet with76 words
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Article72 1977-03-26 8 HONGKONG, Frl. Owing to a technical delay, today's report Is not available. The following are the Hongkong banknotes quoted on March 25:VS 4 82/4 64 UK 7 90/8 10 Burma 1.50/2 00 India 4 45/4 75 Indonesia 1.05/1 08 Japan 1 #55/1 M 5 Korea 0 90/0 05 Philippines72 words
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Article32 1977-03-26 8 FRANKFURT exchanges opening quotes March 25 Can 2.2722/42 UK 4.105/120 Neth 95.80/95 Swltz 93.75/90 Italy 2.690/705 France 48.00/15 Norw 45.56/64 Belg com 6.520/535 Belg fin 6.515/525 Japan 0.8575/85 US not available32 words
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Article50 1977-03-26 8 RESULTS of tender held on March 25, 1977 for 91-day Treasury bills to be Issued from March 28 to April 1, 1977: Offered: $30 million Applied for: $90,600,000 Alloted: $30 million Accepted bids: $99.26 (approximately 15%; higher bids In full) Average rate of discount on allotment: 2.940%50 words
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Article59 1977-03-26 8 Minimum lending rates (in ACBC 6V« Algemene Bank fl* Bangkok Bank .7 Bank of America Bank of China .7 Bank of Tokyo 6*. Bank Negara I n donesla 7 First Chicago 8*i Citibank 6\ HSBC 7 Indosuez 6* Malayan Banking Mitsui Bank 6*> OCBC 6*. OUB Chartered Bank 6*. Chase59 words
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Article47 1977-03-26 8 AUSTRALIA/NZ exchanges quoted on March 25 Australia: Sterling 0.6449/0.6378 US dollars 1.1041/1.0993 Ninety-day air mall buying rates: Sterling 0.6617 US dollars 1.1291 Ninety-day forward buying rates: Sterling 0.6481 US dollars 1.0936 New Zealand: Sterling 0.5591/0.5560 US dollars 0.9653/0.9553 Ninety-day forward rates: Sterling 0.5871 US dollars 0.984047 words
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Article45 1977-03-26 8 ZURICH exchanges closing quotes on March 24 US 2.5483-5490 UK 4.3775-3805 Can 2 4255-4275 W Germ 106.60-68 Neth 102.18-26 France 51.21-24 Belg 6.95 1/4-96 Denm 43.49-52 Norw 48.60-63 Swed 60.53-57 Italy 0.2870-2872 Austria 15.02-04 Port 6.57-59 Spain 3.71-71 3/4 Arg 0.75-90 Japan 0.91 1/2-9245 words
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Article322 1977-03-26 8 LONDON, Frl. Straight bonds were firmer in quiet trading, dealers said. In initial trading Mitsui Petrochemical $25 million eight per cent note due 1982 and priced at par opened around 98 Vi 99and held that level In moderate demand. Also in initial dealing the Asian Development Bank $100322 words
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Page 8 Advertisements
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Advertisement168 1977-03-26 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times w, 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 (excluding168 words
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TRANSPORT AND COMMUNICATIONS
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Article581 1977-03-26 9 UPI ROME, Fri. Some say it's good for the industry. Some say it makes you sterile. Some say if you don't like it, go to Zambia. Colour television has come to Italy years after every other country in the European Common Market and theUPI - 581 words
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Article2106 1977-03-26 9 LONDON, Friday FT ONE OF the major problems now dominating the thoughts of the airlines and aircraft manufacturers throughout the world is the need to find one or more new short-to-medium range airliner types with which to replace existing fleets in the 1980s andFT - 2,106 words
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Article, Illustration370 1977-03-26 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Mas (2300 after Bunga Blndang) 19 Cherry Vllja (B. Barge) (2300) 48 Glenlyon (1300 after Korean Mall) Class I onboard) 6/7 Golden Glory (0900 tide) 23/24 Johneverett (1700) (D/L) 33/34 Mlnetaka Maru (JRDK) (1700) 27/28 Wyoming (2300 after Torben Maersk Surcouf) (Class370 words
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Article228 1977-03-26 9 AP LONDON. Frl. Both grain trade and tlme-charterlng perked up to give the London freight market a considerably more lively appearance yesterday, but ranges registered little change, apart from a slightly firmer tone emerging In the River Plate. Chinese wheat Imports frovided a feature when renes SuccessAP - 228 words
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Article606 1977-03-26 9 ARRIVALS Service Local Operator Number Time i From CPA CX003 0145 HKG CAL CI 333 0040 TPE/HKG/KUL MAS MH682 0810 KCH JAL JL712 1000 HLP CAL CI814 1000 HLP SIA SQ211 1010 HLP GIA GA980 1030 HLP CPA CX710 0915 HLP THAI TG423 1035 BKK GIA G606 words
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Article182 1977-03-26 9 Reuter GENEVA, Frl. Nearly half of 44 veteran, vintage and classic cars on auction here last night failed to reach their reserve prices and were withdrawn, according to the auctioneers, Christies of London. The top price reached among the 24 cars that were sold was 70,000 swlssReuter - 182 words
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Page 9 Advertisements
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Advertisement69 1977-03-26 9 TANK SPACE for liquid bulk cargo like solvents, edible oils etc., for parcel tanker reception available from 1/7/77. Tankslze: 6000m 3 Location: Jurong. For further details please ring S'pore *****3 Ext. 141 or 235. OCEAN GOING TUG 2,500 B.H.P. AVAILABLE PROMPT TOWS TO AND FROM MIDDLE EAST, JAPAN, U.S.A., AUSTRALIA,69 words
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Advertisement189 1977-03-26 9 Have you your copy of the 1976/77 BUKUMERAH? The complete filing cabinet on the Singapore business scene ALPHABETICAL INDEX OFFICIALS AND PUBLIC BODIES The Straits Timet DIRECTORY or SMCAPOU X N€*VE It's the 1976/77 "Red Book" the office/library reference book covering the business scene in Singapore. It is complete. Built189 words
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Article, Illustration775 1977-03-26 10 VINCENT STOVE - ASIAN TRADE CONCERN IN AUSTRALIA By VINCENT STOVE AUSTRALIA Is keeping a close watch on its trade relations with Its Asian neighbours. Some recent developments are causing concern, and there Is some apprehension about Just how prospects will affect trade. The775 words
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881 1977-03-26 10 AMERICAN-RUSSIAN RIVALRY NYT THE United States Is seeking permission to continue using the air base at Maslrah to refuel its Indian Ocean reconnaissance flights with the Government of Oman on March 31. No difficulty in obtaining permission is expected. The US is also discussingNYT - 881 words
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Article805 1977-03-26 10 ANDREW MALCOLM - By ANDREW MALCOLM NYT AS THE pachinko ball business goes, so goes Japan. And today the ball business Is bad. That's how the ball bounces, you might say. Pachinko. a leisure time passion of millions of Japanese for three decades, is a vertical plnballNYT - 805 words
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755 1977-03-26 10 COLINA MacDOUGALL - DISRUPTION IN CHINA By COLINA MacDOUGALL FT CHINESE officialdom Is deluging the country with details of how the "Gang of Four," Chairman Mao's wife and her three henchmen from Shanghai, disrupted railways, mining, manufacturing industry and shipping. Posters have revealed how dozensFT - 755 words
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Page 10 Advertisements
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Advertisement299 1977-03-26 10 ■a: .•> $125/TIMES DISTRIBUTORS SON. BHD., MAIL ORDER DIVISION, TIMES HOUSE. RIVER VALLEY ROAD. SINGAPORE 9. Picas* s«nd m* copy/coplM of THE TIMES ATLAS OF CHINA. I anclos* Choquo/Monoy Ordor for pott fro*. while stocks last! THE TIMES ATLAS of CHINA The Times Atlas of China is far more than299 words
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330 1977-03-26 11 Reuter TOKYO, Frl. The Japanese Cabinet la likely to decide next week to establish a 320-km exclusive fishery zone off Japan's coast as well as extending Its territorial waters from 5 km to 19 km, a fisheries agency spokesman said today.Reuter - 330 words
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Article246 1977-03-26 11 KUALA LUMPUR, Frl. Garment manufacturers have appealed to the government to remove restrictions on the Import of their raw material. The manufacturers, all members of the Malaysian Textile Manufacturers Association (MTMA), In a statement after a day-long meeting here yesterday said the restriction would retard246 words
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134 1977-03-26 11 Reuter TOKYO. Frl. The Cabinet approved a draft legislation providing for counter-measures against ships of foreign countries exercising flag discrimination against Japanese ships, the Ministry of Transport said. The legislation, to be presented to the national Diet soon, would empower the Japanese Government to restrictReuter - 134 words
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Article114 1977-03-26 11 TWO International exhibitions, one for military electronic equipment and another for automotive parts, are planned for Singapore In 1978-79. The two displays, organised by ISCM Ltd. are Intended to cater for regional buyers. The exhibition for military electronics Is scheduled for February 1979 and will Include radar, communications114 words
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Article86 1977-03-26 11 Reuter TOKYO, Fri. The Finance Ministry is considering a plan of the Banque Francalse Du Commerce Exterieure to lssu® a yendenominated loan in the Japanese capital market, ministry officials said. The main question Is whether the French bank qualifies under the Japanese law, which limits Is- suersReuter - 86 words
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493 1977-03-26 11 Reuter WASHINGTON, Frl. Mark Powers, chief economist at the Commodity Futures Trading Commission (CFTC), said that under revised proposed CFTC rules for a future commodity options market In the United States, the following seven commodities appear to qualify gold, silver, copper, sugar,Reuter - 493 words
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450 1977-03-26 11 UPI HONGKONG, Frl. China has been forced to draw on strategic grain reserves because of widespread drought and food shortages. The use of strategic reserves has been necessary despite large scale purchases on the International wheat market more than five million tonnes since lastUPI - 450 words
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327 1977-03-26 11 UPI HONGKONG, Frl. China's leaders, still wrestling with the problem of purged Vice Premier Teng Hslao-plng, have been holding a top level meeting in Peking, sources in the Chinese capital said today. The meeting was believed to be an enlarged session of the Communist Party'sUPI - 327 words
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Article1372 1977-03-26 11 MR. QUEK Peck Lim commenced his article (entitled Legal business lost to UK, Hongkong in Business Times, March 12) with the startling pronouncements that: (a) "Singapore's development as an international financial centre to be taken seriously worldwide is being retarded by a lack of legal expertise"1,372 words
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195 1977-03-26 11 Reuter MANILA, Frl. Philippines exports rose by 12 per cent in 1976 to U552.57 billion (556.32 billion) compared to 52.29 billion the previous year, according to official foreign trade statistics. The breakdown figures showed a marked increase in non-tradltlonal exports, to $746 million lastReuter - 195 words
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153 1977-03-26 11 UPI LONDON, Frl. One-third of Britain's oil needs last month came from the North Sea, according to Department of Energy figures Issued yesterday. Five million pounds (Ss2l million) worth a day streamed out to give a February total of 2,355,000 tonnes atUPI - 153 words
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Article77 1977-03-26 11 A DATA General Seminar will be held on Monday at the Marco Polo Hotel. This was announced yesterday by Dataprep (S), the local distributor of Data General Corporation, a well-known American computer manufacturer. Mr Larry Nelson, International marketing executive of Data General, will talk about77 words
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210 1977-03-26 11 THE merchandising of wines in Singapore can be a lucrative trade, according to Mr. Riquet Hess, partner and aalea director of H. Sic he I Sohne GMBH, producera and ahippera of Blue Nun the white wine. To aupport hia theory, Mr. Heaa210 words
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Article113 1977-03-26 11 Reuter TOKYO, Frl. The Japan Spinners Association said It had filed an application with the Fair Trade Commission for approval of its plan to form a recession cartel comprising 100 cotton spinners. It said it hoped to put the cartel Into force next month forReuter - 113 words
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429 1977-03-26 11 UPI TOKYO, Frl. Japan has succeeded In extracting uranium from sea waters In what Is believed to be the first such successful experiment, the Ministry of Inter- national Trade and Industry said yesterday. The successful experiment was conducted by two private firms TokuyamaUPI - 429 words
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175 1977-03-26 11 Reuter SEOUL, Frl. South Korea's current account balance of payments deficit narrowed to US$2B3 million (***** million) in 1978 from $1.89 billion the previous year, Government Economic Planning Board figures showed. The visible trade deficit narrowed to $412 million from $1.87 billion, with exports rising toReuter - 175 words
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Article188 1977-03-26 11 THE Singapore Institute of Management will be conducting six courses next month. Dynamic Management a practical approach (April 4 to 6), alms to give delegates an understanding of the basic principles involved in the practice of management plus effective decision making. Practical Cost and Management Accounting (April188 words
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91 1977-03-26 11 Reuter TAIPEI. Frl Taiwan will request the Japanese government to liberalise the Import of Its farm goods so as to narrow the trade gap between the two countries, the Central News Agency reported yesterday. The request would be channelled through the East Asian RelationsReuter - 91 words
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Article62 1977-03-26 11 Reuter WASHINGTON, Frl. The International Development Association, an affiliate of the World Bank yesterday announced a US$l2 million (5529.4 million) credit to India to help finance an expansion of agricultural services in west Bengal. The 50-year credit Is interest free. The IDA said the aim ofReuter - 62 words
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Advertisement604 1977-03-26 11 APPOINTMENTS A VACANCY EXISTS FOR A SENIOR COMMERCIAL EXECUTIVE FOR A MANAGERIAL POSITION IN AN ESTABLISHED INTERNATIONAL COMPANY OPERATING WITHIN SINGAPORE AND THE SOUTH EAST ASIA REGION To develop a market for Strongroom Equipment, Safes and Bank Equipment To service existing customers and initiate new product lines related to Banking604 words
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244 1977-03-26 12 Reuter PARIS. Frl. Vietnam Is ready to resume talks with the United States in Paris for the establishment of diplomatic relations at any time. Vietnamese embassy officials said yesterday. The officials, commenting on President Carter's announcement that the United States will resumeReuter - 244 words
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Article143 1977-03-26 12 AP TOKYO Fri. The Consumer Price Index rose by 9.3 per cent in Tokyo in the fiscal year ending March 31, the Statistics Bureau of the Prime Minister's Office said today. The government originally set at 8.6 per cent, the maximum possible consumer price Increase forAP - 143 words
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Article, Illustration377 1977-03-26 12 Reuter ISLAMABAD, Frl. The Pakistan Government today began rounding up opposition leaders and issued a shoot-to-klll warning to demonstrators continuing to agitate against Prime Minister Zulflkar All Bhutto. Reliable sources said police re-arrested the president of the opposition Pakistan National Alliance (PNA), Mr.Reuter - 377 words
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Article386 1977-03-26 12 AN Asean-sponsored programme to market books written by South-east Asians in the US, where a vast market for such books exists, was one of the suggestions made at a seminar on the "Promotion and Sale of Asean Books In the USA" at the US386 words
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Article748 1977-03-26 12 LONDON. Frl. The stock market was easier on lack of support ahead of next Tuesday's budget and end account influences, dealers said At 3 pm the Financial Times index was down 4.3 at 417.1. The new government stock (1800 million 12 1/4 per cent Exchequer 1992 loan) attracted748 words
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237 1977-03-26 12 Reuter SEOUL, Frl. Foreign Minister Park Tong-jln said yesterday that US President Jimmy Carter had assured him that the United States will abide by its pledge to defend the Republic of Korea, even though US ground troops will be gradually withdrawn from theReuter - 237 words
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Article71 1977-03-26 12 Panachand Co filed a suit in the High Court yesterday against Progresss International Corporation for the recovery of $233,129.40 allegedly due under three agreements. Other suits filed included one by Hong Leong Co for $55,367.19 against Ocean Piling and Construction for goods allegedly sold and delivered, and another71 words
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Article376 1977-03-26 12 INDIVIDUALS and organisations like the Singapore Manufacturers' Association should consider establishing a department with experienced personnel to advise small firms on the proper approach for obtaining loans from financial Institutions. This call was made by the general manager of United National Finance, Mr.376 words
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Article303 1977-03-26 12 URBAN planning Is made especially more difficult by the fact that property development Is dynamic in nature and responds to opportunities and setbacks quickly, so that scarcity can become an over-supply In no time. This problem Is further compounded by the fact that the industry is303 words
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340 1977-03-26 12 Reuter PADANG BESAR, Frl. A total of 21 Thai troops were wounded, four of them seriously, by communist booby traps during joint operations with Malaysian forces against communist guerillas in southern Thailand today, a Thai army commander said here. The Thai Joint commanderReuter - 340 words
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Article545 1977-03-26 12 AP NEW DELHI, Fri. Prime Minister Mor&rji Des&l settled Into the Job of forming a new Government today while he struggled to preserve the election alliance that ousted the Congress Party from 30 years In power. Intense negotiations were under way to appease the forcesAP - 545 words
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Article1105 1977-03-26 12 THE Rent Control Act is an outdated law which should be removed from Singapore's statute books. This is the opinion of Mr Lai Pang Fee, vicepresident of the Singapore Institltute of Surveyors, as stated in his paper on the role of professional valuers in society in1,105 words
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Article147 1977-03-26 12 TRADEWINDS Charters, a subsidiary of Singapore Airlines, has secured Its first contract for an oilcrew change operation, SI A said yesterday. The contract Is for a series of charter flights between Singapore and Mactan (Cebu) in the Philippines. The first flight took place on March 19. On147 words
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Advertisement323 1977-03-26 12 Bu SINGAPORE ine 99 f, <9 Breaking out of the backroom: Computers have pushed their way into the mainstream of civilisation and a revolution has begun. Banking on computerisation: Computers have helped banks cut operating costs, increase efficiency and improve customer serThe French Connection: The French are staging a series323 words
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