The Business Times, 28 March 1977

Microfilm: NL9063
Total Pages: 10
1 10 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 MONDAY, MARCH 28, 1977 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Coup leaders' fate
      30 1 AP BANGKOK, Sun. Defence Minister Admiral Sangad Chaloryoo said today the alleged ringleaders of an abortive coup yesterday could face execution if found guilty by the government.
      AP  -  30 words
    • Article
      More seek jobs
      64 1 KUALA LUMPUR, Sun. A total of 120,419 Jobseekers were registered with the employment service in the country at the end of January an increase of 7,020 over the previous month's figure. New registrants for January totalled 18,917 a new two-year record. According to the latest bulletin Qf
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    • Article
      Lock icon In defence of joint ops
      97 1 Reuter PADANG BESAR. Sun. Malaysian Duputy Defence Minister Mokhtar Hashlm today criticised those who said current joint operations hv Malavsian and Thai forces against communist guerillas In southern Thailand only benefited a "foreign country". Speaking to Malaysian troops at the Joint headquarters of the operations
      Reuter  -  97 words
    • Article
      Lock icon Rail men strike
      83 1 UPI TOKYO, Sun. National railway workers are expected to strike intermittently tomorrow, kicking off the annual spring labour offensive in Japan for higher wages. Their unions said commuter trains in Tokyo and Osaka in western Japan and long-distance trains, including 190 kmh super-express linking Tokyo and Fukuoka
      UPI  -  83 words
    • Article
      Lock icon Vance proposal
      59 1 AP MOSCOW, Sun. US Secretary of State Cyrus Vance said today he will open his talks with Soviet leaders tomorrow by proposing a comprehensive nuclear arms control agreement. Mr Vance said in a news conference he hopes "to make real progress" towards setting a framework for detailed negotiations
      AP  -  59 words
    • Article
      Lock icon Dearer 'beetles'
      67 1 AP WOLFSBURG. Sun. Volkswaeenwerk, brushing aside warnings from the Federal Cartel Office, hiked prices on the domestic West German market by an average of 3.9 per cent over the weekend. The largest German car maker ignored a March 7 letter from the West Berlin-based watchdog body which said
      AP  -  67 words
    • Article
      Lock icon Higher coffee price
      54 1 UPI RIO DE JANEIRO, Sun. From tomorrow, the minimum export price for Brazilian coffee will be US$396 (*****) per 60 kilo bag, according to a communique released over the weekend by the Brazilian Coffee Institute. The new price represents an increase of $26.40 over the previous export
      UPI  -  54 words
    • Article
      Lock icon HK exports rise
      61 1 Reuter HONGKONG, Sun. The value of Hongkong's exports during February was HK52,254 million (S$ 1,195 million), an increase of 21.3 per cent over the same month last year, a Government spokesman said today. Imports during February compared to February 1976 increased by 16.8 per cent to $3,379
      Reuter  -  61 words
    • Article
      Lock icon Iran petrol hike
      46 1 Reuter TEHERAN, Sun. Iran raised its domestic petrol prices by a third today in a move expected to bring the Government about 7 billion rials (***** million) in additional revenue this year. The increase is the first for Iranian consumers since 1965. Reuter.
      Reuter  -  46 words
  • Article
    TOP TEN STOCKS
    121 1 THE following list of stocks gives the 10 most traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1976/77. Company Turnover Price# High Low •ooo Mar 25 1978/77
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  • LOCAL STOCK INDICES
    • Article
      SINGAPORE
      111 1 Mar 21 Mar 22 Mar 23 Mar 24 Mar 25 ttB T. Index: 253 39 250 40 253.15 252.31 253.67 •Industrials: 250 01 248.56 248 76 248 32 248 38 (^Finance: 424 93 421 87 424 84 424 39 424 66 ••Hotels 158 15 158 28 158 61 158
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    • Article
      MALAYSIA
      103 1 Mar 21 Mar 22 Mar 23 Mar *4 Mar 36 ttB.T Index 201 06 198 41 201.80 199 44 200 07 •Industrials: 272 75 271.46 272.75 272 41 272.21 354 81 351.75 355.41 353 33 353 13 "Hotels: 171 54 171 54 171.54 171.54 171 54 •Properties 139 58
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  • Article
    Challenging job for industrial sector
    924 1  -  CREATING EMPLOYMENT IN THE 80s By RONNIE LIM IN THE 1980s, annual investments of between $320 and $400 million would be required to create enough jobs in the industrial sector to satisfy expected demand. This was stated by Mr. Ong Hock Wee. deputy divisional director
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  • Article
    US investments tend towards modest levels
    633 1 THE US will continue to be a major investor in Singapore's manufacturing sector, although it will probably do so at more modest levels than the boom years of the early 70s. This was the sombre note sounded by Mr. Charles Ahlgren, commercial attache of
    633 words
  • Article
    ASEAN TO NZ: LIFT CURBS ON 12 PRODUCT TYPES
    147 1 IN the first official move to reduce non-tariff barriers Imposed by New Zealand on Asean products, the association has asked New Zealand to lift import restrictions against 12 of Its product types. The products include photographic paper, typewriters. calculating machines, computers,
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  • Article
    OPTIONS SERIES FOR SIX SECURITIES
    368 1 THE Stock Exchange of Singapore (SES) announced yesterday the options series for six of the seven new underlying securities approved for options trading this morning. It also set 13 new options series for trading at the same time. They are for all the existing nine
    368 words
  • Article
    Lock icon Desai wins Ram over
    376 1 Reuter AP NEW DELHI. Sun. Mr. Jagjivan Ram, leader of India's 80 million untouchables. has agreed to Join the Government of Prime Minister Morarjl Desai. Samachar News Agency reported today. His move ends three days of uncertainty over the shape of the country's first non-Congress Government.
    Reuter; AP  -  376 words
  • Article
    Meeting of ACCI opens today with full agenda
    322 1  -  By QUEK PECK LIM BANGKOK, Sun. The Sixth Asean Chamber of Commerce and Industry (ACCI) council meeting opens in Bangkok tomorrow with a full agenda and against a background of determination to produce results. Despite some last minute hesitation on the part
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  • Article
    Lock icon UK budget expected to be mildly reflationary
    457 1 Reuter LONDON, Sun. Britain's annual budget to be presented by Chancellor of the Exchequer Denis Healey on Tuesday is expected to be mildly reflationary with income tax cuts of between £1.5 billion (556.3 billion) and £2 billion in a full year, informed political
    Reuter  -  457 words
  • Article
    Lock icon Ascope agrees on oil sharing
    131 1 AP MANILA. Sun. Indonesia and Malaysia have agreed to supply Singapore, the Philippines and Thailand with crude oil during emergencies under the Asean Council of Petroleum (Ascope) sharing agreement, the Presidential Palace announced yesterday. The palace said Ascope. in its three-day meeting here, adopted an
    AP  -  131 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      69 1 wayiuuiig hand when Wavfoong Mortgage yOU need and Finance (Singapore) Limited ll lllOSl Shjw House. Ground Floor. 334 Orchard Road. Singapore 9. Tel: *****7. SEE PAGE 10 SEE PAGE 10 INSIDE Leisure/TV Radio P 2 Leisure P 3 Features P 4 Overseas News/ Inter. Co. News P 5 Local t'o
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    • Advertisement
      Page 1 Advertisements Column 2
      126 1 Why should you have to wait to deposit your money in the bank? s I I m n m m SR A You want to put your money in the bank. And it burns you up to have to stand in line for the privilege of doing it. Chase understands.
      126 words
    • Advertisement
      Page 1 Advertisements Column 3
      3 1 See Page 10
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    • Advertisement
      Page 1 Advertisements Column 4
      297 1 We work hard to make your money work for you American Express International Banking Corporation S*iog K«an House 4 Way Singapore 1 Tei 220 2311 Tele« RS ***** Cable AMEXBANK Which bank delivers you a whole world of financial knowledge? We do. Bank of America. When it comes to finance,
      297 words
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  • Article
    HEALEY BUDGET PROPOSALS
    764 2 BRITAIN'S Chancellor of the Exchequer, Mr. Denis Healey, will almost certainly put a smile on the face of the workers and middle level managers tomorrow with his Budget proposals. It is no secret that Mr Healey has decided that it is time to lift some of the
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  • REVIEWS
    • Article
      Lock icon Antiques getting younger all the time . . .
      919 2  - Antiques getting younger all the time By ROBERT MUSEL UPI MARCELLE Dargy Smith, an agreeably frank young lady, says when Britain ruled the world It robbed and plundered treasures like all conquerors before It except that as an Intelligent and civilised race, Britons cherished their new possessions. "We are," he
      UPI  -  919 words
    • Article, Illustration
      Young, enthusiastic ballet group
      310 2  -  By ILSA SHARP THE Jeune Ballet Cote d'Azur presented by the National Theatre Trust on Friday and Saturday, was exactly what its name implied young, enthusiastic and to some extent inexperienced. Formed only 18 months ago by Petrus Bosman. a principal soloist with the Royal Ballet
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    • Article
      The art of high camp in serious music
      636 2  -  MUSIC By CKT BUT there assuredly is the art of high camp in socalled serious music. In Richard Strauss's Der Rosenkavaller, the clock helpfully strikes J3. The fearless dragon-slayer Siegfried, in Wagner's Der Ring des Nibelungen, removes the armour from Bruenhilde and
      636 words
    • Article, Illustration
      Lock icon Malika Sabirova, star of Soviet ballet
      1181 2  -  THE Soviet ballerina Malika Sabirova was enthusiastically applauded in Tokyo, Delhi, Stambul, Bombay, Kabul, Rangoon, Teheran, London, Paris, Montreal and scores of other cities. People's Artist of the USSR (a title awarded to artists in the USSR for outstanding personal contribution to art) Malika
      Novosti Press Agency  -  1,181 words
    • Article, Illustration
      Children of the Saigon streets
      1385 3  -  BOOKS By NOBUKO HASHIMOTO Dust of Life children of the Saigon streets by Liz Thomas. Hamish Hamilton, £4.» THIS is a beautiful story of a young English nurse who goes out to Saigon and lives among the children of the streets, helping them and caring
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    • Article
      Lock icon INSCRUTABLE POTENTATE
      588 3  -  By DAVID HOUSEGO FT The Shah by Margaret Laing, Sidgwick and Jackson. £6.95, 272 pages. The Imperial Shah by Gerard de Villiers Translated by June P. Wilson and Walter B. Michaels. Weidenfeld. £6.00, 320 pages. THE Shah Is an intensely private man. His alloofness is both a defence
      FT  -  588 words
    • Article
      One man's week
      1007 3  -  By PANG ENG FONG Dr. Pang is director of the Economic Research Centre of the University of Singapore. MONDAY: My elder daughter, with the unbounded confidence that only two and a half year olds seem to have these days, has a delightful way of reducing things to
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    • Article, Illustration
      Lock icon Taming of Kojak
      1049 4  -  VIOLENCE ON AMERICAN TELEVISION By NANCY DUNNE FT THE RISING clamour against excessive sex and violence on American TV Is apparently going to produce changes In this autumn's shows. Network executives have now publicly promised new efforts to reduce "objectionable programming." It has taken 25 years, numerous
      FT  -  1,049 words
    • Article
      THE PROGRESS OF THE EUROPEAN MARKET
      1240 4  -  By EDMUND PENNING-ROWSELL A REPORT on the wine market in 28 European countries, west and east, has just been published by Frost and Sullivan, an American market research organisation. It is no less than 452 pages in length, and full of tables, charts and
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    • Article
      Lock icon Masterminding the art books
      932 4  -  By BEATA LEVY FT UNLIKE general book publishing which has a ready-made national market, art books, because of their more limited appeal, have become a highly sophisticated multinational product. Its economics rests on the need for a large market, ideally 20,000 copies for a first print
      FT  -  932 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      96 2 VAPORAX The third generation automatic packaged steam boiler that helps you cut costs in w k four different ways VlB Faster steaming times less floor area required Higher efficiency ■Lower capital cost Now manufactured in Malaysia Available from 150 kg/hr to 5000 kg/hr capacity and working pressures 10,15, 20 kg/cm
      96 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      306 2 RADIO TV SINGAPORE 5 3.00 P.M. Opening Announcements followed by "Kudumba Malar" (Tamil) (r) 3.30 Diary Of Events (Tamil) 3.35 General Hospital 4.15 A Place To Live "The Edge Of The Sea"° 4.30 Intermission 6.05 Opening Announcements followed by December Bride "Rate Your Mate" 6.30 News In Brief 0 6.35
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      53 2 I THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on March 27 at Singapore airport. Maximum Temperature 30.5° C Associated Humidity 75 Minimum Temperature 23.7° C Associated Humidity 98 Hours of Sunshine 2.80 Rainfall in Millimetres 10.3 Total Rainfall for the Month 25.9 Total Rainv Davs for
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      228 3 Wang Laboratories Inc., U.S.A. A Growjng International Family Sales and service centres in Malaysia and Singapore Wang offers on-the-spot sales and service in Malaysia and Singapore, as in its extensive network of over 150 offices throughout the U.S and 60 foreign countries. The Wang Systems Sales and Support Organisation, one
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      201 4 Give us a man fbramonthwe'll give him a language for life L ,lL |m m 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
      201 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      788 4 TWO-IN-ONE CROSSWORD ■11 ai ji dHHHI CRYPTIC PUZZLE 9 Quite calm when called for and taken away (9) 10 Why the question is put at the front (9) 12 Track the inventor back (4) 13 Shining right into the bay (6) 14 What the Indian did in the stable? (7)
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  • OVERSEAS
    • Article
      Lock icon EEC threatened by economic woes
      640 5 CALL FOR JOINT SOLUTIONS UPI ROME. Sun. Leaders of the European Common Market yesterday called for a renewed search for Joint solutions to the economic woes that are threatening to tear their nine-nation Community apart. Winding up a two-day Common Market summit here, the Heads
      UPI  -  640 words
    • Article
      Lock icon CFTC STILL WILLING TO ACCEPT PROPOSALS
      169 5 Reuter WASHINGTON Sun. The Commodity Futures Trading Commission (CFTC) left tht door open to option trading on physical commodities on Thursday when it proposed revised rules for a new pilot option market in commodityfutures. The CFTC said although it is tentatively proposing a ban
      Reuter  -  169 words
    • Article
      Lock icon Stop-gap budget for Diet
      124 5 Reuter TOKYO. Sun. The Japanese Government will shortly submit to Parliament a stop-gap budget of 1.64 trillion yen (SSI.4 trillion) to cover an expected delay between the start of fiscal 1977 on April 1 and the final passage of the full budget for the year, Finance
      Reuter  -  124 words
    • Article
      Lock icon UK rate
      52 5 Reuter LONDON. Sun. The Bank of England said it held minimum lending rate unchanged at 10.5 per cent, although the average treasurv bill rate, which fell to 9 3513 per cent from 9 3520 per rent, against indicated an MLR of 10 per cent under the normal market
      Reuter  -  52 words
    • Article
      Lock icon Gold price forecast between US$150-160
      356 5 Reuter FRANKFURT, Sun. The fjold price should stay at east in the US$l5O to 160 (***** to 394) range this year due to probably lower gold sales by South Africa and the USSR, Dresdner Bank board member responsible for gold and currency, Mr. HansJoachim Schrieber
      Reuter  -  356 words
    • Article
      Lock icon Japan rejects Soviet fishing demand
      296 5 Reuter TOKYO. Sun. Japanese Government and fishery industry sources said today they could not accept the Soviet demand that Rusj sians be allowed to fish In waters up to five km from Japanese shores when Japan declares 19-km territorial sea limits. They were commenting on
      Reuter  -  296 words
    • Article
      Lock icon Dutch sets ceiling for credit growth
      111 5 Reuter AMSTERDAM. Sun. The Dutch Central Bank said credit growth by banks to the private sector must be limited to 12 per cent in 1977. This follows the strong growth of both short-and long-term credits to the private sector In 1976 which led to
      Reuter  -  111 words
    • Article
      Lock icon Carter is against wage and price controls
      174 5 Reuter WASHINGTON, Sun. President Carter remains opposed to wage and price controls and will not include them in a proposed antiinflation package. White House Press secretary Mr. Jody Powell said. He told reporters the package will among other things propose further easing of
      Reuter  -  174 words
    • Article
      Lock icon New York will see better days in mid-'78
      181 5 Reuter NEW YORK. Sun. New York City is likely to be able to resolve enough of its financial problems to achieve a balanced budget for its financial year ending June, 1978, Emergency Financial Control Board executive director Mr. Stephen Berger told Reuters.
      Reuter  -  181 words
    • Article
      Lock icon Canadian surplus
      54 5 Reuter OTTAWA, Sun. Canada had a seasonally adjusted trade surplus in February of US$lO9 million (Ss26B million) after a revised $130 million surplus in January, statistics released in Canada revealed. The January figure was revised upwards from a previously reported surplus of $119 million calculated on a balance
      Reuter  -  54 words
    • Article, Illustration
      Lock icon NO SUPPORT FOR IMF BID TO RAISE NEW FUNDS
      622 5 Reuter WASHINGTON, Sun. Any Increase in the International Monetary Fund's resources this year could be used to allow some countries to borrow In excess of their current quotas, informed monetary sources said. But there is virtually no support among Important member
      Reuter  -  622 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Confidence returns to UK bond market
      435 5 Reuter LONDON. Sun. Confidence In British corporate borrowers In the Eurobond market Is reviving after prolonged stagnation In this sector, bond market sources said. Dealers said UK secondary market bond prices have generally risen steadily this year In the absence of sellers as bond
      Reuter  -  435 words
    • Article
      Lock icon Oriental's future aims
      145 5 Reuter HONG KONG. Sun. Oriental Financial Consultants and Promoters' chairman Sir James Goldsmith told the company's annual meeting its future policy will be to make Investments in companies world-wide through which it will be able to become involved in their management. Companies controlled by Mr. Goldsmith, his
      Reuter  -  145 words
    • Article
      Lock icon Earnings rise at C.T. Bowring
      123 5 Reuter LONDON, Sun C.T. Bowring reported that pretax profit Jumped to t.25.85 million for the year ended Dec 31. 1976 from 1'15.41 million previously. It said the 67.7 per cent rise in earnings was achieved on a turnover of £945.03 million compared with 1682.99 million
      Reuter  -  123 words
    • Article
      Lock icon De La Rue agrees to Formica sale
      94 5 Reuter LONDON, Sun De La Rue said it agreed terms with American Cyanamid of the US for the sale of De La Rue's 60 per cent stake in Formica International to Cyanamid for t9.6 million. The deal is conditional on the approval by
      Reuter  -  94 words
    • Article
      Lock icon Profit up at China Provident
      62 5 Reuter HONGKONG. Sun Consolidated net profit at China Provident rose sharply to HK$lB.2 million for the year ended Dec 31. 1976 from $9.9 million in 1975. The company said it is raisiner its final dividend by 10 cents to 20 cents. This brings its total
      Reuter  -  62 words
    • Article
      Lock icon Bethlehem Steel hit by losses
      197 5 Reuter BETHLEHEM. PA., Sun. Bethlehem Steel Corp said because of losses sustained as a result of operations during January and February It appears the first quarter ending March 31 will be unprofitable. In the first quarter of 1976, Bethlehem earned net Income of US$2B.4 million
      Reuter  -  197 words
    • Article
      Lock icon Good year for sales at Ford
      159 5 Reuter DEARBORN. MICH. Sun. Ford Motor Co 1977 worldwide retail sales of cars, trucks and tractors have a good chance to equal or exceed the 1973 record of nearly six million units, the company said in the annual report. Ford worldwide sales last year
      Reuter  -  159 words
    • Article
      Van Gelder Papier suffers setback
      171 5 AMSTERDAM. Sun. Van Gelder Papier, the troubled Dutch paper manufacturer, has disclosed losses totalling F15.37.8 million in 1976 and it proposes to omit the dividend. The previous year ended with a loss of F15.25.2 million. The company, in which Crown Zellerbach of the US has
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    • Article
      Lock icon Amex options date
      74 5 Reuter NEW YORK. Sun. The American Stock Exchange said its previously-an-nounced plan to offer 200 options memberships at $15,000 each will begin April 24 and continue for 30 days. The offering will more than double the existing number of registered option traders on its floor, and the
      Reuter  -  74 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      70 5 TANK SPACE for liquid bulk cargo like solvents, edible oils etc., for parcel tanker reception available from 1/7/77. Tanksize: 6000m 3 Location: Jurong. For further details please ring S pore *****3 Ext. 141 or 235. OCEAN GOING TUG 2,500 B.H.P. AVAILABLE PROMPT TOWS TO AND FROM MIDDLE EAST. JAPAN. U.S.A.,
      70 words
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      Page 5 Advertisements Column 2
      156 5 jf- igpgf f| ib$ 1i§§| $r -< ::|f»- <Y P- *;r-: T' ••"?> v.'r jv r Now at Shenton Way The Only Japanese Trust Bank Office m in Singapore. Chief Representative: Saburo Itoh. We are Japan's oldest trust bank and command a key position in the Mitsui Group. Our services
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  • COMPANY NEWS
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      137 6 Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modern Business Enterprise: M. Gilbert Corporation Man: A.
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  • WALL STREET AND OTHER OVERSEAS MARKETS
    • Article
      New York
      1145 7 NEW YORK: End-of-quarter portfolio adjustments by many large institutional Investors helped push stock prices lower again on Friday for the seventh straight session In very light trading. Analysts also cited worries about President Carter's coming energy saving proposals and Inflation fears as main reasons for the day's dull
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    • Article
      Paris
      395 7 PARIS: The market was lower on Friday, continuing Its steady fall since the socialistcommunist gains in last weekend's French municipal elections, dealers said. Bet, Sagen, Presses De La Cite, Lerov Somer, Moulinex, Sixnaux. Roussel and Bic were among the heaviest losses dropping four to six per cent. Automblles, stores
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    • Article
      Brussels
      151 7 BRUSSELS: Prices closed mixed In quiet trading, bourse sources said on Friday In Belgian shares. Union Miniere, Hoboken AndhhainautSambre were higher, while Wagona-Lita, Cometra and Arbed fell In foreign stocks, French fell sharply, UK US and West German fell slightly while Dutch were steady Golds were down amid profittaking
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    • Article
      Zurich
      302 7 ZURICH: Stock market closed steady to very steady In generally quiet dealings. Swiaaair bearer rose to a new yearly high on the delayed Impact of Its excellent earnings report. Leading banks and insurances ruled little changed, while Forbo and Oerlikon-Buehrie bearer firmed in flnanclals. but Interfood B" weakened In
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    • Article
      Frankfurt
      312 7 FRANKFURT: Most shares eased on operator positions closing after a steady opening, market sources said on Friday. Against the trend, Barf closed 0.70 marks higher and Varta rlned 1.80 However, BBC lost 50. Among mostly-lower engineerings and motors, the Chief loser was Bmw which fell 1.80. Banks were up
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    • Article
      Amsterdam
      318 7 AMSTERDAM: Market generally firmed, bringing the general and Industrial stock Indices to new highs for the year, dealers said on Friday Philipa featured gains among Dutch Internationals on Its 1976 figures and dividend published on Thursday. Unilever finished unchanged Gains elsewhere were led by IHC, Bols, Pakhoed, shippings and
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    • Article
      Toronto
      277 7 TORONTO: The market closed lower In light trading although advance led declines 195 to 178 on Friday. Whonnock Industries A gained 3/8 to nine on higher first quarter earnings and Bomac Batten, which halved last year's losses, rose 15 cents to $3.00. Lytton Minerals was two cents lower at
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    • Article
      Milan
      174 7 MILAN: The market closed mixed In fairly active trading with some profit-taking among leading operators, bourse sources said on Friday. Fiat, Montedison, Pirelli SPA, Olivetti privileged and Anic were among leading industrials to show marginal losses, while Pirelli E C and Sni Viacoaa confirmed Thursday's gains and Olivetti ordinary
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    • Article
      Tokyo
      466 7 TOKYO: The market closed slightly higher after opening easy with domestic industry shares leading the way. dealers said on Saturday. The Dow Jones average gained 9.39 to close at 4,985.01 with volume ISO million shares. The New Index closed at 375.38, up 0.19. Kirin Brewery, which reported record earning
      466 words
    • Article
      Jo'burg
      381 7 JOHANNESBURG: Gold shares finished above day's lows on Friday as dealers took positions ahead of the weekend, market sources said. The rest of the market was weak. Heavyweight golds shed up to 125 cents and lightweights up to 21 cents. Financial minings were weaker, although Amcoal gained five cents
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    • Article
      Indices
      62 7 FINANCIAL TIMES INDUSTRIALS Friday 418.1 Thursday 421.4 Week ago 428.5 DOW JONES AVERAGE INDUSTRIALS Friday 928.86 Thursday 935.67 Week ago 961.02 LONDON DOLLAR PREMIUM Friday 111*4 to 111* Thursday Ill to 111* H.K. HANG SENG Friday 420 06 Thursday 419.37 Week ago 416.19 SYDNEY INDUSTRIALS Friday 360.01 Thursday 359.37
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    • Article
      SES turnover
      119 7 TURNOVER: Friday s official figures supplied by the Stock Exchange of Singapore including odd lots 'Ready' totalled: 1,056,000 units valued at $2,165,000 Industrials aci counted for 749,000. finance 89,000, hotels 27,000, properties 28,000, debentures, loans and bonds 9,000, oil plams 4,000, tins 10,000, and rubbers 140,000 'Settelement Contracts'
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  • Article
    CHICAGO BOARD OPTIONS
    1549 7 On March 25 ON the Chicago Board Options Exchange on Friday, a total of about 86,000 contracts were traded compared with 92,874 contracts on Thursday. OPTION APL JLY OCT STOCK Alcoa SO 8 8 1/8 57 7/8 Alcoa 80 3/8 1 7/8 3 57 7/8 Am Tel
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  • Article
    Lock icon Slower trading on NYSE
    289 7 NYT INFLATION anxieties and the possibility of higher Interest rates sent the New York stock market down sharply last week In slower trading. The Dow Jones Industrial average tumbled 32.16 points during the week to finish at 928.86 on Friday. This decline was the largest since
    NYT  -  289 words
  • Article
    Lock icon Fall in investment in Japanese bonds
    154 7 Reuter TOKYO, Sun. The Finance Ministry said net foreign investment In Japanese bonds and debentures during February fell to US$44 million from $261 million In January. Foreign buying totalled $238 million and selling $194 million, compared with $392 million and $131 million respectively In
    Reuter  -  154 words
  • Article
    Lock icon Nippon Usiminas
    105 7 Reuter TOKYO, Sun. Nippon Usiminas said It signed an agreement to lend Brazil's Uslnas Siderurglcas De Mlnas Gerais SA (Usiminas) 58.5 billion yen. Nippon Usiminas, which represents Japanese investors in Usiminas, said the loan will be used by Usiminas to purchase equipment needed to expand its annual steel
    Reuter  -  105 words
  • Article
    Lock icon Barclays on boycott list
    66 7 Reuter JEDDAH, Sun. Saudi Arabia has conformed with the Arab boycott of Israel and blacklisted the British Barclays Bank group after serving it notice six months ago to stop dealing with Israel, the official gazette UM Al-Qura reported. Barclays formed the Tei Aviv based Barclays Discount
    Reuter  -  66 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      147 7 1 JL I J J I &rhj i rr P" A enguin books are not to be tound in ar t in little road-side stalls. Heavens, ce oasar ma/am! Because Penguin book; special. They are mind-stimulating, d entertaining in a wholesome way, h quite unlike the type that merel baser
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  • COMMODITY REPORTS AND PRICES
    • Article
      Rubber market
      251 8 LONDON, Sun Terminal closed quiet and slightly easier on Friday, mostly 0.30 pence (May 54.25 pence buyer) to 0.40 pence per kilo lower compared with Thursday night. Volume was eight lots at five tonnes and 107 lots at 15 tonnes Including the posting of 10 further call options.
      251 words
    • Article
      Straits tin
      133 8 THE Straits tin price In Penang on Saturday was down $56.87 V» to $1,452-12 V» on an official offering up 22 tonnes to 192 tonnes. In LONDON on Friday, tin on the day lost £105 per tonne all round In both contracts. Commission house selling, general liquidation, chart
      133 words
    • Article
      Produce prices
      297 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil Bulk $115 sellers, old drum $120 sellers, new drum $125 sellers Copra Mixed (loose) UK/Contd. $75 buyers Pepper Muntok ASTA white f.o.b. 100% NLW $415 sellers. Sarawak white fob 96% NLW $395 sellers. Sarawak special black
      297 words
    • Article
      Palm oil
      111 8 THE following Palm Otl prices were quoted In London on Friday The prices are elf Rotterdam and are quoted in US dollar per ton unless otherwise stated Friday Pre*. Malaysia 5% ffa bulk May/Jne Sumatra 5% Mch Apl May June July Aug unch unch 820slr eiOslr 807 50slr
      111 words
    • Article
      Zinc
      38 8 LONDON, Sun Zinc lost mostly t'8.50 on Friday. The metal fluctuated around the morning's lower levels In moderately active two- way trading. Three Months traded in the range £414 to £417 per tonne. Sales were 2,850 tonnes.
      38 words
    • Article
      Gold
      401 8 FOLLOWING overnight news that US senator Reuss had asked the Treasury to resume gold sales, the metal price dropped sharply, opening at U*****.50/ 152.00 on Saturday, compared with the New York close of U*****.90/ 153.40. During the morning, the price eased down to $150.50/ 151.00 at the close, the
      401 words
    • Article
      Copper
      225 8 LONDON, Sun Copper wlrebars on the day fell by £5.50 per tonne Cash and £6.50 for Three Months on Friday. The market was unsettled further by the continued decline In tin with general liquidation touching off some stoploss and chart selling on the penetration of the £920 level for
      225 words
    • Article
      Lead
      54 8 LONDON, Sun. Lead fell by £6 all round on Friday. Persistent chart and stoploss operations, together with selling on US account, depressed the market further with Three Months trading down to £406 in the ring. The decline was accelerated on the kerb where down to £400 was paid before
      54 words
    • Article
      Silver
      212 8 LONDON, Sun Silver eased by 0.3 pence to 0.7 pence per troy ounce on Friday. The market drifted lower under moderate long liquidation prompted by the reversal In US futures and trends In base metals. Three Months traded down to 294.3 pence In the ring and touched 293.5 on
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    • Article
      Sugar
      205 8 LONDON, Sun. Sugar futures closed the morning with extended losses from Thursday night of £1.90 (near Aug at £136.05) to £1.25 per tonne on Friday. The tone was quietly steady. Turnover totalled 1,610 lots including 1,036 kerbs and 128 call options. Terminal sugar eased in late trading under weekend
      205 words
    • Article
      Wheat
      116 8 CHICAGO, Sun. Wheat futures closed 1 1/4 to 2 1/4 cent a bushel higher on Friday, finishing the session at the highs of a narrow trading range. Light speculative selling pressure led to small early losses before the strength In soybean futures prompted short-covering and speculative buying which pushed
      116 words
    • Article
      Soybean
      80 8 CHICAGO, Sun. Soybean futures surged sharply higher on Friday In late trading to close at the day's highs, with gains of 19 cents to five cents a bushel. After registering small gains through most of the session, prices drove up sharply as speculative buy- ing brought commission house stop-loss
      80 words
    • Article
      Strong demand still for edible oils
      1024 8 IN a generally quiet Singapore produce market last week, the main feature was the continued strength of edible oils. Demand for these poured In all week with good resultant markup In prices. Market sentiment was aided by the presence of such big buyers as
      1,024 words
    • Article
      Rice
      170 8 BANGKOK. Sun. The rice market was very quiet during last week, with no business concluded either on a commercial or government basis, trade sources said. Prospective buyers of Thai rice, such as Vietnam and Sri Lanka, were adopting a wait-and-see attitude In the hope that offerings from Thailand would
      170 words
    • Article
      Coffee
      120 8 NEW YORK. Sun. Coffee futures rebounded sharply on Friday after Thursday's sell-off. to trade at or near the six-cent limit rise for a good part of the session. Closing prices ranged six to 5.25 cents up on an estimated 996 sales. A buyers' pool of some 88 lots was
      120 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      115 8 THE US dollar showed little movement last week after opening lower at $2.4610-20 against Friday's closing of $2.4620-2.4625, reflecting its weakness in other centres It was mainly traded In the range $2.4610 to $2.4625 in generally quiet market conditions, although there was scattered activity which pushed the US dollar
      115 words
    • Article
      Asian $ rates
      291 8 Asian rates THERE was no significant movement In the periods last week, although short date funds were well bid especially towards the end of the week. US basic money growth improved slightly and had no effect on rates. US money supply figures: Ml up $1.7 billion M 2 up $3
      291 words
    • Article
      Discount market
      323 8 MOST of last week saw a surplus of Interbank overnight funds making money available mainly in the region of three per cent to 1/4 per cent per annum. The discount market benefitted from this liquid position and most houses find no difficulty squaring their positions. CD rates reflected
      323 words
    • Article
      Euro $ rates
      132 8 Euro rates LONDON, Sun. Day-to-day Eurodollar deposits closed firmer on Friday, while periods reverted to openings after earlier gains of around 1/16. Trading was quiet ahead of the weekend, dealers said The weekend rate showed a bid tendency and firmed while early days of this week gained 1/8 from openings.
      132 words
    • Article
      Zurich
      426 8 ZURICH, Sun. The US dollar opened a little depressed last week as the one per cent rise in the Consumer Price Index In February Increased fears of more Inflationary pressures this year. However, the dollar recovered subsequently, in line with hopes that interest rates would soon rise a little.
      426 words
    • Article
      London
      206 8 LONDON, Sun. An early advance by the dollar in Europe's currency markets inspired by climbing shortterm Eurodollar Interest rates, was generally lost by the close on Friday Sterling drifted down to $1.7175/78 from $1.7180/83 overnight after briefly trading around $1.7182 when the Bank of England posted an unchanged lending
      206 words
    • Article
      Lock icon Money market
      67 8 Source: Astley Pearce LAST week saw the market flooded with funds. Over night funds were dealt as low as 1/4 per cent at the close. Term rates declined rapidly with the One and Two Months losing 1/2 per cent to close at 3 3/4 5/b, 3 7/8 3/4
      Source: Astley & Pearce  -  67 words
    • Article
      Minimum lending rates (in %)
      63 8 Minimum lending rates (in ACBC' 6'« First Chicago 6'« Algemene Bank 8*. Citibank 6\ Bangkok Bank 7 HSBC 7 Bank of America 6 l Indosuez 9V. Bank of China 7 Malayan Banking e 5 Bank of Tokyo Mitsui Bank 6'« Bank Negara 1 OCBC 6'. Indonesia 7 OUB 6V, Chartered
      63 words
    • Article
      New York
      179 8 NEW YORK. Sun The dollar failed to hold early gains on Friday and closed weaker against most currencies In slightly nervous trading ahead of the US February trade figures due tomorrow, dealers said. The largest moves came in the Canadian dollar, which closed firmer at 95.12/14 US cents
      179 words
    • Article
      Frankfurt
      33 8 FRANKFURT exchange closing quotes on March 2'. US 2.3913/18 Can 2.2737/47 UK 4 108/113 Neth 95.83/86 Swltz 93.83/88 Italy 2.696/699 France 48.06/12 Japan 0.8585/8600 Belg com 6.525/530 Belg fin 6.507/514 Norw 45.58/64
      33 words
    • Article
      Short term money
      44 8 FOR the week ended Friday March 25, the range of call rates received from Short Deposits (M) Berhad was as follows: BANK FUND: 2% to 4V, per cent. GENERAL FUNDS: 2 l to 4 percent Movements of funds totalled $312 million.
      44 words
    • Article
      Lock icon Money supply rises
      122 8 Reuter FRANKFURT, Sun. German M 3 money supply rose a provisional seasonally adJusted 4.3 billion marks to 524.8 billion In February after a revised 5.3 billion gain In January, the Bundesbank said. The 4.3 billion mark M 3 rise was higher than the 1976 monthly average and
      Reuter  -  122 words
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      486 8 THESE ARE THE BOOKS THAT HITLER BURNED 'A r 9 i Ji5S5 22S>iaei5S llllllUWW rlrrl r il !*I r»7j tl ri -~-j 53 ssflS.32ji§ r.] 3g *1 *>M|« "iiM Sll® I gif iiSl i SSL 'j M" HP >j -ra r« abßwn- .a at m Jg THE GREAT BOOKS OF
      486 words
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  • Article, Illustration
    Lock icon WHEN THE SOCCER CUP FLOWETH OVER
    671 9  -  Team with heaviest boulders in their knapsacks PETER CORRIGAN on Liverpool's tiring trek towards a year of glory. PETER CORRIGAN The Observer LONDON, Sun. The cry of our footballers that we demand too much of them comes annually from even the most hardy and
    The Observer  -  671 words
  • Article, Illustration
    Lock icon Chi San cruises to Open title
    701 9 HSU Chi San of Taiwan played cool intelligent golf to walk away with the first prize money of $16,000 in the Singapore Open Golf championship at the Bukit Course yesterday He shot a steady one-under-par 70 yesterday for a four-round total of seven-under-par 277
    Pic by WAN SENG YIP  -  701 words
  • Article
    Lock icon WHY THE LADY IS A LONER
    753 9  -  DAVID HUNN on the black sheep of badminton, who has gathered trouble with the certainty of John Snow. DAVID HUNN The Observer LONDON, Sun. Gillian Gilks has brought to English badminton what Tony Jacklln brought to English golf: honour and glory; might, majesty dominion
    The Observer  -  753 words
  • Article
    Lock icon Everton latch Spurs' fate after 88 sees
    523 9 UPI AP LONDON, Sun. Everton yesterday improved their League position at the expense of struggling Tottenham Hotspur handing out a 4-0 defeat to the Londoners. The English League soccer programme was depleted as English and Welsh players gathered with their International teams to
    UPI; AP  -  523 words
  • Article
    Lock icon Delfs, the new King
    52 9 AP WEMBLEY. Sun. European badminton champion Flemming Delfs of Denmark won the world men's singles title in the AllEngland badminton championships at Wembley yesterday. The All-English mixed doubles final resulted in victory for Derek Talbot and Mrs. Gillian Gilks over Mike Tredgett and Mrs. Perry, 15-9
    AP  -  52 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      533 9 285.000 4,417,450 970,075 5,970,075 4,417,450 4,000.000 A ASIAN INTERNATIONAL MERCHANT BANKERS BERHAD (ln< orporalcd in Miihi>si:il 1 P.O. BOX 9HB. .iTH FLOOR. BANC* IN AN I MBC, J ALAN SI l/I'AN SI LAI .MAN, Kl ALA LI MPI K 01-33 Balance Sheet 30th September, 1976 FIXED ASSETS < note 21
      533 words
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  • Article, Illustration
    Lock icon THAILAND RETURNS TO NORMAL
    526 10 RITES START FOR VICTIM AS UPI Reuter BANGKOK. Sun. Thailand was returning tc normal today after an abortive coup led by a dissident exgeneral. General Chalard Hiranyasiri, a former deputy army commander and commander of Thai forces which fought in Vietnam, surrendered to the Government last
    UPI; Reuter; UPI photo  -  526 words
  • Article
    Lock icon GENBANK IN MANILA CLOSES DOWN
    174 10 Reuter MANILA, Sun. The Philippines Central Bank closed down the General Bank and Trust Company (Genbank), one of the Philippines' middle-sized banks, on the grounds that it was running into insolvency. The apparent collapse of the bank, whose paid-up capital the Central Bank said was
    Reuter  -  174 words
  • Article
    Lock icon Thrashing out TV issue
    232 10 Reuter TOKYO. Sun Japan will propose to the US early this week bilateral govern-ment-level negotiations in Tokyo on Japan's coloifr television exports to the US. the Ministry of International Trade and Industry (MITI) said MITI Vice-Minister for International Affairs, Minoru Masuda, will lead a Japanese team,
    Reuter  -  232 words
  • Article
    Lock icon Tour of Asean
    107 10 Reuter TOKYO. Sun. Deputy Vice Foreign Minister Mr. Keisuke Arita will visit the five membr countries of Asean and Burma soon to brief their governments on the recent summit talks between Japan and the United States. Kyodo News Agency reported yesterday. Mr. Arita, who accompanied prime minister
    Reuter  -  107 words
  • Article
    DAILY AIRCRAFT MOVEMENTS
    574 10 ARRIVALS Service Local Operator Number Time i From CPA CX003 0145 HKG MAS MH682 0810 KCH JAL JL712 1000 HLP SIA SQ211 1010 HLP GIA GA980 1030 HLP CPA CX710 0915 HLP THAI TG423 1035 BKK GIA GA908 1100 MES PAL PR501 1115 MNL SAS SK097 1140
    574 words
  • Article
    Lock icon Moscow raps Carter for blocking peace
    942 10 Reuter NYT MOSCOW, Wed. The Soviet Union accused President Carter of hindering the cause of peace as US Secretary of State Mr. Cyrus Vance prepared for the first top-level talks between the new American administration and the Kremlin. Mr. Vance flew in last night
    Reuter; NYT  -  942 words
  • Article
    Lock icon Muslim autonomy hailed
    559 10 Reuter MANILA. Sun. The Press today welcomed President Marcos's proclamation of autonomy for 13 southern provinces to help end a Muslim rebellion, but at least one newspaper questioned whether it would mean lasting peace. Few details have been released on the workings of autonomy and the proposed
    Reuter  -  559 words
  • Article
    Exporters urged to eye potential of Soviet mart
    334 10 THE Soviet market is still largely an unexplored and untapped one for Singapore exporters. It would therefore be timely for local exporters to focus greater attention to the USSR as a market outlet for their products. In the latest Issue of the
    334 words
  • Article
    Lock icon Citibank
    24 10 Reuter NEW YORK, Sun. Citibank said it is holding its floating prime rate unchanged at 6-1/4 per cent for the coming week. Reuter
    Reuter  -  24 words
  • Article
    IS RELIANCE ON ALIEN INVESTORS HEALTHY?
    804 10 SINGAPORE should not depend excessively on foreign investment for the continuing growth of its industrial sector, said Dr. Chia Siow Yue, an economics lecturer at the University of Singapore. In her paper on Foreign Investment in the Manufacturing Sector of Singapore. delivered at the
    804 words
  • Article
    Lock icon Talks next month on US pullout from Seoul
    358 10 AP SEOUL. Sun. The United States and South Korea will start talks here next month on the proposed withdrawal of American troops from Korea, the private radio station Dong-A reported today. The series of talks will lnclude a working-level mutual security meeting
    AP  -  358 words
  • Article
    Lock icon Vietnam links search to aid
    258 10 UPI TOKYO, Sun. The Vietnamese official who met President Carter's mission in Hanoi said today that tracing of Americans missing in Indochina still is linked to post-war economic aid from the United States. Vietnamese Vice Foreign Minister Mr. Phan Hien made the statement In an
    UPI  -  258 words
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      95 10 a z A■#n«w ■ill-"! i ksavours of Olde England Lunch or dine in a grill room that savours of Olde England with food just as savoury. The Stables an ideal place to combine business with pleasure. Cosy and private, with English-manner service too. Chef 's Specialities Lobster Clarence—lobster slices on
      95 words