The Business Times, 1 April 1977
1977-04-01
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The Business Times
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Title Section10 1977-04-01 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, APRIL 1, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article97 1977-04-01 1 Reuter WASHINGTON, Thurs. The United States and the Soviet Union said today in a Joint communique that co-operation between them was essential to bring about a Just and lasting peace in the Middle East. The brief communique on three days of talks In Moscow between SecretaryReuter - 97 words
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Article78 1977-04-01 1 Reuter BONN, Thurs. Egypt's President Anwar Sadat arrived here today from Cairo for talks with West German leaders on progress towards a Middle East peace and the possibility of more development aid for his country. The Egyptian leader, who is accompanied by his wife and a delegationReuter - 78 words
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Article32 1977-04-01 1 Reuter BONN, Thurs. Secretary of State Cyrus Vance briefed West German Chancellor Helmut Schmidt on his visit to the Soviet Union, soon after arriving here from Moscow today. Reuter.Reuter - 32 words
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Article50 1977-04-01 1 AP GENEVA, Thurs. Delegates to the Geneva Disarmament conference today reacted without apparent surprise to the Soviet rejection of US strategic arms limitation (SALT) proposals. A West European delegate told a newsman he thought the Americans themselves had not expected an early breakthrough in the stalled talks.AP - 50 words
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Article81 1977-04-01 1 Reuter PADANG BESAR, Thurs. Communist guerillas today wounded two Malaysian soldiers in a clash during joint operations by Thai and Malaysian forces against guerilla sanctuaries in southern Thailand, a Malaysian commander said here. Malaysia's Joint field commander of operations, Brigadier-General Yusof Din, said a 15-minute battle occurredReuter - 81 words
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Article38 1977-04-01 1 AP JAKARTA. Thurs. US ambassador at large Elliot Richardson met Justice Minister Mochtar Kusumaatmaja today to discuss matters on the Law of the Sea Conference due to be held in New York in May. AP.AP - 38 words
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Article50 1977-04-01 1 UPI SANTA CRUZ DE TENERIFE, Thurs. A Spanish air force plane carrying vital recordings of airplane movements and radio contacts left today for Washington where experts will study them In an effort to establish the exact cause of the worst disaster in civil aviation history.- UPIUPI - 50 words
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Article42 1977-04-01 1 UPI NEW YORK, Thurs. Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 Indus 921.96, up 0.75; 20 transp 222.83, off 0.78; 15 utils 105.83, up 0.26; 65 stocks 303.64, up 0.02. UPIUPI - 42 words
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Chief Price Changes
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Article, Illustration170 1977-04-01 1 Rises Most active Tan Chong 169 H Gilfillan 310 G Lumber 63 OCBC 680 M Banking 565 lnchcape 235 Temenggong 111 Rothmans 306 Pan Electric 192 L T M W 134 Falls Taiping Textile 72 U O B 306 SEAL 50 Guinnes* 406 H K Land 368170 words
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Article109 1977-04-01 1 Rises Most active D Keramat $6.20 +.10 TanChong $1.60 +.10 Berjuntal $14.70 +.10 Dutch Baby $0 84 .06 U.M Works $1.36 +.06 G. Lumber $0 64 City Dev. $0.92 +.05Vi Pan Elect. $1.95 +.05 Wearnes $3.00 +.05 O.C.B.C. $6 90 +.05 Falls Matsushita $1.97 -.13 Syn Resins109 words
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739 1977-04-01 1 SOH TIANG KENG - MAS HAS ITS REASONS By SOH TIANG KENG CAN the Singapore economy this year repeat last year's growth performance of seven per cent? Some doubts on whether this can be achieved have been cast by the Monetary Authority of Singapore. In view739 words
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173 1977-04-01 1 KUALA LUMPUR, Thurs. Commercial banks will extend their banking hours for their branches In the Federal Territory and Petaling Jaya soon. In announcing this today, Bank Negara Governor Tan Sri Ismail Mohamed All, said the period of the extension and the date of173 words
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930 1977-04-01 1 KUALA LUMPUR, Thurs. Twelve standard conditions will be imposed on manufacturers applying for a licence under the Industrial Co-ordination Act, Trade and Industry Minister Datuk Hamzah Abu Samah announced today. Certain manufacturers will also have to fulfil relevant parts of another set of930 words
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Article370 1977-04-01 1 KUALA LUMPUR, Thurs. New Amendments to the Industrial Co-ordination Act ICA, announced here this morning, will provide for the appointment of a licensing officer by the Prime Minister and for appeals on grievances to be made to the Trade and Industry Minister. They also provide for370 words
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Article144 1977-04-01 1 Reuter SOROAKO, (Indonesia). Thurs. President Suharto today formally dedicated one of the noncommunist world's largest nickel mining and processing projects In this South Sulawesi (Celebes) lake-side village. The new processing plant of P.T. International Nickel Indonesia, owned by the Canadian Inco Limited of Toronto, will produce 45,000Reuter - 144 words
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238 1977-04-01 1 A BETTER second half has put group net profit at Hongkong Land 16.4 per cent ahead at HK5201.7 million (about Sslo7 million) in 1976. The full-year profit is 3.4 per cent better than the forecast $195 million made at the time of238 words
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Article68 1977-04-01 1 Reuter LONDON. Thurs. The Bank of England lowered Its minimum lending rate today to 9.5 per cent a one per cent drop which matched yesterday's fall in short-term British money market rates. The downward pressure stemmed from favourable reaction to the nation's annual budgetReuter - 68 words
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429 1977-04-01 1 MALAYSIAN tin producers welcomed the news that Bolivia had agreed to ratify the fifth International Tin Agreement but expressed mixed views about how it would affect the Malaysian industry. Industry sources generally said the Bolivian decision. and the agreement by the International429 words
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Article163 1977-04-01 1 THE Minister for Foreign Affairs. Mr. S. Rajaratnam, leaves today to attend the EEC/EBIC/Asean conference on industrial cooperation to be held In Brussels from Monday to Wednesday. He will also pay an official visit to the Netherlands on Thursday at the invitation of the Dutch163 words
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Page 1 Advertisements
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Advertisement46 1977-04-01 1 Get advanced copying technology. SEEPAGE 12 SEE PAGE 12 Oversea* Newt/TV Radio Overseas News/Features Local Co News Overseas Stocks P2 Commodities Tansport P 3 Communications P 4 Features P 9 P 10 International Co News P 5 Local Overseas Local Stocks P 6 News PIL 1246 words
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Advertisement216 1977-04-01 1 INDUSTRIAL COMMERCIAL Properties For Sale/To Let OFFICES Outside the C.B.D. Orchard Road: New units tor sale from 84 m (900 sq. ft.) to total size 2,531 rrr (27,243 sq. ft.) occupation early 1978. Scotts Road: 63 283 m (3,046 sq. ft.) units for sale, part tenanted. 123 250 m (2,700216 words
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Advertisement109 1977-04-01 1 Singapore *****55, *****5 a rn V'.didUmpur *****0.*****6 Penang ***** Texas Instruments PRICE BREAK S we share the saving through volume production with our customers $99-50 DUfl ,r »ess Anal Off pvS7 STQ ■Cl Sf* 40 /X s Of uc »>•' °»q m m STO*" o rcl\ EX? SR 2n<j COS109 words
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OVERSEAS
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437 1977-04-01 2 UPI PARIS. Thurs. The new French government headed by Prime Minister Raymond Barre assembles for the first time today In an attempt to find the "action" policy that will enable the majority coalition to win In next year's legislative elections. President ValeryUPI - 437 words
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Article342 1977-04-01 2 UPI LONDON, Thurs. Foreign Secretary David Owen said yesterday he hopes that on his visit to southern Africa in April he would find the basis for resumed negotiations on a Rhodeslan settlement. Dr. Owen is scheduled to leave here on April 10 and visit DarUPI - 342 words
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187 1977-04-01 2 Reuter NEW YORK, Thurs. Economist Milton Friedman said he is appalled that the British budget links tax changes to the specific agreement of a pressure group, be it the Labour unions or the Confederation of British Industry. Mr. Friedman, Professor of Economics atReuter - 187 words
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391 1977-04-01 2 UPI ROME, Thurs. Premier Glullo Andreottl's minority Government moved to Implement additional economic austerity measures today after averting a government crisis over stiff terms for a US$53O million (SSI.3 billion) loan from the International Monetary Fund. Mr. Andreottl overcame the latest threat of aUPI - 391 words
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419 1977-04-01 2 UPI WASHINGTON, Thurs. Cuba and the United States made "substantial progress" on a fishing agreement In four face-to-face meetings In New York which concluded late on Tuesday night, the State Department announced yesterday. Both parties agreed to meet again "In the near future."UPI - 419 words
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Article83 1977-04-01 2 UPI SAN DIEGO. (California), Thurs. A USSI.2 million (Ss3 million) damage suit was filed yesterday against Pan American Airways, KLM, and the Boeing Aircraft Co, as a result of the Canary Islands crash on Sunday. The suit was filed In US district court by three daughters ofUPI - 83 words
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304 1977-04-01 2 UPI WASHINGTON, Thurs The chairman of the Senate Banking Committee said yesterday legislators were weakening anti-boycott legislation to make It easier for American companies to comply with the Arab boycott against Israel. "We seem to be weakening It right down theUPI - 304 words
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1087 1977-04-01 2 Washington Star WASHINGTON Thurs. The Carter Administration has begun to re-examine the strategic assumptions underlying US military policy. A study under way In the National Security Council Is asking such questions as whether the concept of mutually assured destruction the assumption that the UnitedWashington Star - 1,087 words
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476 1977-04-01 2 AP KINSHASA. Thurs. The Zaire army flew reinforcements to Shaba province yesterday to stem the advance of Invading forces that have taken over onethird of the mineral-rich province, diplomatic and other sources reported. The rebel troops mostly Lunda tribesmen returningAP - 476 words
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Article68 1977-04-01 2 Reuter TAIPEH. Thurs. A Government-owned power company has won a contract to build a power station in Saudi Arabia at an estimated cost of more than US$l5O million (*****.5 million), the Central News Agency repoted yesterday. It said the project, whclh Included a 50.000-kilowatt central power station,Reuter - 68 words
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260 1977-04-01 3 AP WASHINGTON, Thurs. The Soviet Union has agreed to use more US ships for some trade between the two nations and to pay an extra US$l.5 million this year to US ships carrying grain, the Commerce Department announced today. The increase for someAP - 260 words
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Article187 1977-04-01 3 AP LONDON. Thurs. For sale: a chunk of downtown London. Capital and Counties Property Company announced yesterday It Is auctioning off six acres of Knightsbridge, one of London's poshest shopping and residential districts. The acutlon In July Is "likely to prove the most important saleAP - 187 words
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420 1977-04-01 3 WASHINGTON, Thursday AP WITH the price of gold soaring again, it is considered probable that the United States Treasury soon will announce plans to sell some more of America's Dfficial gold reserves. Chairman Henry Reuss of the House of Representatives bankingAP - 420 words
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Article365 1977-04-01 3 UPI WASHINGTON, Thurs. The government Index designed to foretell future economic activity rose 0.4 per cent last month In a partial rebound from a weather-Induced January plunge, the United States Commerce Department said yesterday. "The Index Is moving up again which is a good sign,"UPI - 365 words
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Article148 1977-04-01 3 UPI NEW YORK, Thurs. The percentage of Saudi Arabian oil in total American oil imports, which stood at 45 per cent in 1976, is expected to reach 55 per cent this year. Dr. Abdel Rahman Al-Zamll, head of a Saudi Arabian goodwill mission to theUPI - 148 words
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477 1977-04-01 3 AP LISBON, Thurs. A halt In government subsidies has forced several hundred worker-controlled Portuguese firms to face the hard, but inescapable alternatives of bankruptcy, returning to private ownership or struggling for survival in their present self-financed cooperatives. The subsidies ended today. butAP - 477 words
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Article143 1977-04-01 3 AP CARTAGENA, (Colombia), Thurs. Coffee prices are not expected to decrease until at least August of next year even if no new frosts occur in Brazil, the manager of Colombia's Coffee Federation said here yesterday. Mr. Arturo Gomez Jaramillo answered questions in a forumAP - 143 words
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332 1977-04-01 3 Reuter BRUSSELS, Thurs. Britain was being blamed here yesterday for a second Common Market setback In 24 hours after EEC research ministers failed for the fifth time to decide on the site for l a USSI6S-mllllon nuclear I fusion project. Already heavily criticisedReuter - 332 words
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Article282 1977-04-01 3 Reuter BIRMINGHAM, Thurs. Britain's giant Leyland Motor Company yesterday called a halt to capital spending on middle and long term car projects to avert a cash crisis. The emergency move, likely to last about three months, Is to build up cash reserves depleted by recentReuter - 282 words
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Article149 1977-04-01 3 AP WASHINGTON. Thurs. Four major US sugar refiners were Indicted yesterday on charges of conspiring to fix the prices of cane sugar sold for industrial purposes. The indictment, returned by a grand Jury in the US district court in Brooklyn, alleged that the companies engagedAP - 149 words
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Page 2 Advertisements
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Advertisement267 1977-04-01 2 SEE PAGE 10 Remarkable handcrafted shoes AlegacytaSignwMarelli Exclusive to Americaya Very many years ago, in Italy, there existed an exceptionally skillful bespoke bootmaker one Signor Marelli. Signor Marelli's skill in fashioning and working leather earned him a widespread reputation and guaranteed him a steady clientele. The dandy gentlemen of the267 words
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Page 2 Miscellaneous
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Miscellaneous68 1977-04-01 2 IT'S P»U.f?i6HT Fog. Nfou. BRISTDW wo OR ppce seems TO HPvve u>\th stood thc rfwrges or TiPnt. WOU DON'T SGfern TO HPIVe pi&eo p> o=of im the. n€J»rs \ve known *xrae NOT RJCBC**D ft NO u*S»sIKl£D PrJD MPGGfICD uwe. me -tT. *> Bristow FmnJcDiciens i think NOu'Rt S€CorniNG Tg'Fig. NCORQTIC68 words
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Miscellaneous315 1977-04-01 2 WEATHER report for 24 hours prior to 7.30 p.m. on March 31 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 RADIO TV SINGAPORE 5 P.M. Opening Announcements followed by Housewives'315 words
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Page 3 Advertisements
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Advertisement116 1977-04-01 3 Introducing the IBM Copier 111 in Singapore High Speed 4,500 copies per hour. First copy speed 4.5 seconds. Subsequent copies 0.8 seconds each. Excellent Quality Quality copies from a wide range of originals and sizes onto many kinds of materials such as letterheads, coloured stocks and transparencies. 26% 35% Reduction116 words
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COMPANY NEWS
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815 1977-04-01 4 THE latest audited group figures released by Imperial Securities International for the year ended June 30, 1975 shows clearly the rationale that prompted Commonwealth Development Finance Corporation to put the company under receivership on Sept 6, 1975. Net attributable loss amounted to815 words
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Article638 1977-04-01 4 Current Ex Date Total for Total for payment Date payable the year previous yi Rahman Hyd. 10%I Mar 3 Apr 1 10%I 20.6%a Yeo Hiap Seng (M) 10% Feb 25 Apr 4 10% 6% Gopeng Con. 14% Apr 4 52% 44% Pengakaleo 20% Apr 4 55% 70% Yeo638 words
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1399 1977-04-01 4 THE long delayed statement of affairs of Far Eastern Hotels Development (FEH) shows that the company still has net tangible assets of $1.12 per share. But in view of certain reservations expressed by the receiver and manager, Price Waterhouse, the company's current realisable value1,399 words
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Article171 1977-04-01 4 SENTOSA PLYWOOD Pre-tax trading profit Msl.ll million ($240,067) in the year ended Oct 31, 1976. Turnover $7.12 million ($3.82 million), comprising exports $6.04 million ($2.95 million) and domestic sales $1.07 million ($870,639). Depreciation $347,634 ($359,304). Tax $454,575 ($87,252), leaving net aftertax profit $655,456 ($152,815). Provision for Mala./sian taxation171 words
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Article303 1977-04-01 4 LARUT Tin Fields Is to sell off a range of assets left behind by subsidiary Syarlkat Haslli which ceased operations at the end of last year following the Trengganu state government's rejection of its application for mining leases The assets which have been left303 words
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COMPANY MEETINGS
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23 1977-04-01 4 THE following company meetings are due: Apr 1, 9 a.m., Registered Office, Road 6, Section 13, Petaling Jaya.23 words
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Article16 1977-04-01 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 1977-04-01 4 Apr 9, 12 noon. Registered Office, No. 92, Jalan Bandar, Kuala Lumpur.15 words
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19 1977-04-01 4 Apr 11, 10.30 a.m.. Registered Office, No. 64 A, Jalan Buklt Bintang. Kuala Lumpur.19 words
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Article17 1977-04-01 4 Apr 14, 11 a.m., 3rd Floor, Bangunan MBSB, 13/15 Leboh Ampang, Kuala Lumpur.17 words
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Article14 1977-04-01 4 Apr 15, 10 a.m., 45 Spottlswoode Park Road, Singapore 2.14 words
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20 1977-04-01 4 Apr 15, 12 noon. Registered Office, at Pantai Kundor, 9th mile, Tanjong Kling, Malacca.20 words
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Article18 1977-04-01 4 Apr 15, 10 a.m., Bangkok Bank Building, 105 Jalan Bandar. 6th Floor, Kuala Lumpur.18 words
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Article14 1977-04-01 4 Apr 20, 11.30 a.m., 4th mile stone, Jalan Mersing. Kluang, Johore.14 words
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Article15 1977-04-01 4 Apr 28. 12 noon, Registered Office, Chartered Bank Chambers, Beach Street, Penang.15 words
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20 1977-04-01 4 Apr 29, 11.30 a.m.. Conference Room OCBC Centre, 19th Floor, Chulia Street, Singapore.20 words
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Article13 1977-04-01 4 May 12. 12 noon. Bastion House, 8 Jalan Kota, Malacca.13 words
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Article17 1977-04-01 4 May 31, 12 noon, Con- naugh Room of the Man darin Hotel. Hongkong.17 words
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Article123 1977-04-01 4 SIM Lim Investments says Its subsidiary Sim Lim (Hongkong) has agreed to sell its offices and apartments in Hongkong for HKS2.IB million. It did not name the buyer for the properties located in Sun Hlng Building at Nathan Road. Kowloon. A deposit of $544,500 has been received123 words
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Article75 1977-04-01 4 THE Singapore Stock Exchange said it will resume trading in the 40 cent nominal stock units of Ben with effect from Monday. The company was suspended last July and subsequently announced it was facing financial difficulties. Following an agreement In November for the company to merge with75 words
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Article521 1977-04-01 4 AFTER TRIMMING WITH a trimmer group following the divestment of several loss-making divisions In 1974/75 and the improved trading conditions last year, Temenggong has managed to post a slight Increase In group earnings. For the year ended Dec 31. 1976 group pre-tax profit rose Dy 4.& per521 words
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Article1611 1977-04-01 4 On March 30 ON the Chicago Board Options Exchange, a total of 91,482 contracts were traded compared with 91,155 contracts on Wednesday. OPTION APL JLY OCT STOCK Alcoa 90 6 3/4 6 7/8 8 56 1/2 Alcoa 60 3/16 1 3/16 2 1/4 56 1/2 Am Tel1,611 words
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Page 4 Advertisements
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Advertisement367 1977-04-01 4 NEW DIRECTIONS The magazine that actually says what you have been thinking ,<u all along. m New Directions quarterly was born in late 1973 and has since then quietly set about its task to enhance the intellectual climate in Singapore to stimulate the spirit of debate and to cast light367 words
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INTERNATIONAL COMPANY NEWS
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Article125 1977-04-01 5 Reuter WASHINGTON. Thurs. The Justice Department said it Is conducting a monopoly Investigation In the photographic film market that involves Eastman Kodak. An anti-trust division official said the Inquiry encompasses a number of different types of film. Kodak said it received a formal request forReuter - 125 words
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Article99 1977-04-01 5 HONGKONG. Thurs With profit showing a 9.6 per cent increase in 1976. Harbour Centre Development has raised the final dividend to 75 HK cents from 68 cents, making a total of SI 07 for the year. The company, a Hongkong and Kowloon Wharf and Godown subsidiary. reported99 words
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Article77 1977-04-01 5 Reuter TOKYO. Thurs. Shinkobe Electric said it developed a lead car battery for electric vehicles with higher power and longer life than conventional batteries for the same use The battery was developed in a five-year governmert-sponsored project. The Industrial Technology Agency of the Trade and Industry MinistryReuter - 77 words
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Article75 1977-04-01 5 Reuter AMSTERDAM. Thurs. The Dutch Finance Ministry said it accepted bids totalling 375 million guilders for its B'4 per cent 15-year state loan priced at par. Bids exceeded this amount and applicants received 86 per cent it added This was the second state loan this year. TheReuter - 75 words
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Article42 1977-04-01 5 LONDON. Thurs. Pretax profit at House of Fraser rose to t.27.68 million from i 20.9 million in the year ended Jan 29. 1977. Sales increased to 1429.12 million 1366.53 million). Earnings per share were 11.5p compared with 8.44p previously.42 words
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Article44 1977-04-01 5 Reuter FRANKFURT. Thurs. Norway's 200 million mark 6'-» per cent five year Eurobond was priced at 100 3 4 per cent, lead manager Deutsche Bank said. Last week a Deutsche Bank spokesman said the issue would not be pi Iced below par ReuterReuter - 44 words
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Article44 1977-04-01 5 OSAKA. Thurs. After-tax profit at Sekisui Prefab Homes rose to 8 45 billion yen from 7.79 billion yen in the year ended Jan 31 1977. Sales rose to 237.8 billion yen from 207.2 billion yen. Sekisui is maintaining the dividend at 15 yen.44 words
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Article270 1977-04-01 5 Reuter TURIN, Thurs. Reporting a big upsurge in 1976 earnings. Flat said It is to acquire up to 20 billion lire worth of Its own shares. The acquisition, subject to shareholders' approval, will be financed from the 1976 net profit which Jumped to 66.5 billionReuter - 270 words
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Article50 1977-04-01 5 HONGKONG, Thurs. Sun Hung Kal Properties has raised unaudited net profit to HK539.06 million from $32.02 million In the first six months ended Dec 31, 1976. It is paying an Interim dividend of 14 cents on capital Increased by a one-for-io scrip issue (13 cents on old capital).50 words
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Article181 1977-04-01 5 Reuter TOKYO. Thurs. Tokyo Shibaura Electric (Toshiba) said it will build a colour T V. manufacturing plant in the US. A company spokesman said it considered buying existing T.V. plants offered by Admiral Corp and other US producers, but decided tojjuild a newReuter - 181 words
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Briefly
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Article50 1977-04-01 5 DURHAM. North Carolina, Thurs. Liggett Group Incorporated, a diversified food and tobacco firm, said yesterday it has terminated a previously announced agreement to acquire Tetley Incorporated, the US subsidiary of London-based J. Lyons. Liggett said all negotiations concerning the Tetley acquisition have also been terminated. No reason was given.50 words
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Article74 1977-04-01 5 LOS ANGELES. Thurs.— The California state air resources board said it plans to suspend a review next month of a plan by Standard Oil of Ohio (Sohio) to build a USSSOO million facility in Long Beach. Calif., to receive Alaskan oil. It said it would suspend the review unless74 words
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Article61 1977-04-01 5 STAMFORD, Connecticut, Thurs. Xerox said it is paying out US$B4 million in profit sharing to 52,299 US employees yesterday. The company said $53 million goes into a retirement account and the remainder can be taken at the option of each employee immediately in cash or Xerox common stock or61 words
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Article32 1977-04-01 5 LONDON. Thurs. The Telefon AB L.M. Ericsson USS3O million 8 1/2 per cent Eurobond, due 1989, was priced at 100 1/2, lead manager S.G. Warburg said. The issue was well oversubscribed.32 words
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Article53 1977-04-01 5 NEW YORK, Thurs. A syndicate headed by Kuhn Loeb said it has tentatively priced US$75 million of European coal and steel community bonds due 1997 at par with a 9 1 per cent coupon for proposed offering today. Selling concession has been set at $7 a bond and53 words
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Article63 1977-04-01 5 PITTSBURGH. Thurs. Westinghouse Electric said it has reached a final agreement on settling a uranium law suit with three electric utilities. Westinghouse said it will pay US$5 million to the companies Duquesne Light. Ohio Edlsco and Pennsylvania Power In 30 days and will provide equipment and services to the63 words
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Article157 1977-04-01 5 Reuter MANILA, Thurs. Philippine Airlines (PAL) has chalked up a 79 per cent Jump in net profit to 14.5 million pesos (8.1 million pesos) last year. Earnings per share rose to 6.04 pesos from 3.38 pesos last time. The president, Mr. Benigno Toda, said nineReuter - 157 words
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Article94 1977-04-01 5 LONDON, Thurs. Prudential Assurance has reported a 36.1 per cent Increase in unaudited net profit to £24.5 million (£lB million) last year. Life earnings before tax rose to £13.7 million from £12 million while non-life premium income increased to £321.9 million from £233.9 million. Underwriting loss came94 words
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Article368 1977-04-01 5 ZURICH. Thurs. The Frankfurt-based industrial concern Degussa recommends distribution for the financial year ended Sept 30 last of a dividend of DM9 per share of DMSO nominal value. This return to an 18 per cent rate follows a drop in Degussa dividend for *****5 to DM7.50.368 words
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Article274 1977-04-01 5 Reuter FRANKFURT, Thurs. Deutsche Bank said It plans to raise a US$l25 million maximum 10-year option loan through Its whollyowned subsidiary. Compagnle de la Deutsche Bank of Luxembourg. It also said It will ask shareholders to approve an increase in capital authorised for issue, but asReuter - 274 words
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Article158 1977-04-01 5 Reuter JOHANNESBURG, Thurs. Rennies Consolidated Holdings may reduce dividends In the current year, the chairman, Mr. C.W. Flddlan-Green, said. It paid 25.5 cents In the 18 months to end-1976. Group earnings are unlikely to be In excess of those achieved last year, while dividend coverReuter - 158 words
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Article100 1977-04-01 5 Reuter MANILA. Thurs.— The Philippine Government's board of Investments has approved a copper concentrates project of Sabena Mining In the Southern Philippine province of Davao Del Norte, a board official said. Sabena's copper venture is proposed to be financed by equity contributions (65 million pesos), foreign longtermReuter - 100 words
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Article144 1977-04-01 5 Reuter MANILA. Thurs. Paper Industries Corp of the Philippines (Picop) said it plans to expand newsprint production capacity to 100.800 tonnes per year from 184.000 tonnes at a cost of 152 million pesos. A company spokesman cited an annual average five per cent growth inReuter - 144 words
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Article118 1977-04-01 5 Reuter HONGKONG. Thurs. Hongkong and Whampoa Dock has raised the 1976 final dividend to 18 HK cents from 15 cents and proposed a scrip Issue of one-for-10 on the back of higher profits. The final payout brings the total for 1976 to 33 cents compared with 30Reuter - 118 words
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Article134 1977-04-01 5 Reuter PARIS. Thurs. The Egyptian Government has accepted a plan drawn up by Cle Generate des ets Michelln to build a 350 million franc radial tyre factory in Alexandria, a Michefin spokesman said. The spokesman said no contract has been signed yet and declined to sayReuter - 134 words
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Article827 1977-04-01 5 ROBERT METZ - CHASE MORTGAGE RESTRUCTURING By ROBERT METZ NYT IN A series of debt-re-structuring transactions of wide interest to investors in real estate Investment trusts, the deeply troubled Chase Manhattan Mortgage and Realty Trust is attempting to re-establish Itself as a viable business. There is no assurance thatNYT - 827 words
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Article163 1977-04-01 5 Reuter MANILA. Thurs. The Philippine National OH Co Exploration Corp. a govern-ment-owned exploration firm, received a listing for six billion class "B" share with a par value of one centavo each on both the Manila and Makatl stock exchanges here, a company spokesman said. The governmentReuter - 163 words
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Article90 1977-04-01 5 LONDON, Thurs Major provisions of the Companies Act 1976. which includes a revision of the system of nominee holdings, will come into operation on April 18 1977. the Department of Trade said. The provisions Include legislation to tighten qualification requirements for auditors and amend procedures for their90 words
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Article55 1977-04-01 5 Reuter LONDON. Thurs. The Bank of Finland USS3O million floating rate loan note issue due 1982 was pricedat par, Citicorp International Group said. The coupon payable semi-annually will have a 1/4 per cent spread over six months London interbank offered rates with a minimum coupon of 6Reuter - 55 words
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Article49 1977-04-01 5 HONGKONG. Thu'rs. Net profit at Asia Insurance rose to HKSB.73 million from 58.02 million last year. The company is maintaining the total dividend at 45 cents with an unchanged final payout of 25 cents. The dividend is payable on April 25 to shareholders registered on April 12.49 words
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298 1977-04-01 5 Reuter LONDON. Thurs. On a 15.8 per cent rise in sales. Tube Investments has increased pre-tax profit by 17.1 per cent to £49.6 million (142.34 million) in 1976. Sales rose to £716.43 million from £618.77 million. Earnings per share rose to 50.7p from 44.2p andReuter - 298 words
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Article82 1977-04-01 5 Reuter LONDON. Thurs. Alcan Australia said here it is to float a US$25 million 12 year Eurobond issue with a coupon indication of 8 3/4 per cent. Lead manager of the issue is Swiss Bank Corporation (Luxembourg) with co- managers LJeutsche BanK and Morgan Stanley Internation.Reuter - 82 words
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Article288 1977-04-01 5 ROME. Thurs. Mediobanca The Italian long and medium term credit agency In which the state controlled Credlto Italiano, the Banca Commerclale Italiano, and the Banca de Roma, hold a combined 56 per cent stake has reported a substantial increase in gross profit during the last six months288 words
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Article492 1977-04-01 5 I LONDON, Thurs The Second-half recovery looked for by Lord Thorneycroft. chairman of Pye of Cambridge, at the interim stage, when pretax profit was down by 130 per cent from £5.12 million to £2.22 million, has emerged with a total up by 20 per cent from492 words
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Page 5 Advertisements
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Advertisement65 1977-04-01 5 Let us be your Business Agent for Europe Prestige Enterprises (Incorporated in Holland) Importers, Exporters and Wholesalers are looking for manufacturers, distributors etc in S'pore and neighbouring areas, wanting to permanently extend their trade facilities witn Benelux and other E E C. countries. Please contoct Harry Housing on Tel: *****265 words
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Advertisement97 1977-04-01 5 flfiJD UP FURIIITURE For OFFICE EQUIPMENT and QUALITY SHELVINGS I 5N A complete range of quality office furniture and equipment consisting of desks, cabinets, chairs and all other office requirements. C 3 r* OEM open and closed type shelvings provide flexi ble load carry capacity for every storage need. All97 words
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Article2182 1977-04-01 6 Gr'» Gr'a Net 1 1976/77 Last div Div y'ld P/E Vol Day I High Low Company Sale +OT- c'vr C000) High Low j SECTION ONE INDUSTRIALS 175* 133 Aetna 140 -2 12.ON 1.1 8.5 7.0 1 140 140 133 127 Acma A 128 12.ON 1.1 9.3 0.42,182 words
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Article1097 1977-04-01 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 1000 units unless otherwise specified All Time Settlement Contracts are quoted after the word Sett." Big Board1,097 words
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Article1431 1977-04-01 6 HID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified INDUSTRIAL* Acma (1.485). Loytape (U.37J8 0 495) A.com (1.925). Ait*. Hold <01,431 words
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Article258 1977-04-01 6 STRIKING prices of the Mock 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. Cold Storage (June $2.70) (0 05B). (Sept $2 70) (0 05B) (Dec $2 70) (0258 words
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Article160 1977-04-01 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price* for Apr 1) (Current price*) INCOME BOND 1 04 1.10 The Commerce 1.73 1 83 The Saving Fund 0.87 0 92xd Spore Prog Fund 0 76 0 81 MARA BUMIPUTRA FUND S pore Security Fund 1.44 1.52 (Managers' price* for160 words
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Article172 1977-04-01 6 B O T 8 UYh 1981 (100.000) (1038 !03 S »S) I) B S 8 19X2 (100.000) lOU'kB 100 7 .5) DBS Converts 6 1/2% 1991 (100.000) (97 1 »B 97 7 »S) E I 89% 19X2 (100.000) (103' 2 8 104'45) K 1 B 8 1/4% 198.1172 words
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Article74 1977-04-01 6 1/2% 15/4/78 (1.000.000) (101.608 101.695) 5 1/4% 15/7/78 (1.000.000) (101 548 101.595) 7% 1/7/79 (1.000.000) (104 808 104.955) 3 1/2% 1/10/77-79 (1.000.000) (101 60S) 5 1/1% 15/10/79 (1.000.000) (101.188 101.28S) 6 3/4% 15/6/80 (1.000.000) (103 10B) 6 3/4% 1/12/80 (1.000.000) (103 10B) 5% T F 15/4/81 (1.000.000)74 words
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Page 6 Advertisements
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Advertisement143 1977-04-01 6 found only in the best company... 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 Business143 words
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Article616 1977-04-01 7 FOR the first time in a fortnight prices staged a general rally in moderate trading at the Stock Exchange of Singapore yesterday. Throughout the day sellers appeared to be rather reserved while the few buyers about, mainly bargain-hunters, were able to provide a little upward thrust. In616 words
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Article417 1977-04-01 7 THE Kuala Lumpur stock market saw steadier trading yesterday as light buying support took prices moderately higher. After a quiet and steadier opening, prices gradually inched higher as the day wore on. The mild rally took the Malaysian Business Times index 1.70 points up to417 words
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Article58 1977-04-01 7 Reuter SYDNEY, Thurs. Alcan Australia said it will spend about AS4S million to expand the capacity of Its Kurri Kurrl, New South Wales, aluminium smelter by about 50 per cent. Alcan said the expansion will lift its capacity to 67,900 tonnes from the present 45,000 tonnes. Engineering workReuter - 58 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1270 1977-04-01 7 NEW YORK: The stock market shrugged off a favourable government report on leading economic Indicators for February and registered Its sharpest decline so far this year on Wednesday. Trading remained sluggish. Analysts said the drop partly resulted from renewed pressure on blue chip and glamour stocks, reflecting end-of-quar-ter1,270 words
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Article306 1977-04-01 7 FRANKFURT: Shares closed mixed In thin trading on Wednesday, despite Tuesday's slight recovery on Wall Street, market sources said. Chemicals rose up to 2.50 marks although Degu»M eased 0.80 marks. Electrlcals lost on average one mark. Engineerings showed slight gains. Motors were barely changed while steel shares tended weaker.306 words
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Article295 1977-04-01 7 TORONTO: Share prices closed mixed with the composite Index off two points but advances leading declines 198 to 187 on Wednesday Merchandising, communications and gold sectors were major gainers. Great Lakes Paper rose one to 30 and Wajax a added 1/2 to 14 but Dominion Bridge lost 7/8 to295 words
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Article292 1977-04-01 7 AMSTERDAM: Shares firmed in quiet trading and in Dutch internationals only Royal Dutch finished unchanged on (Wednesday. The flow of mostly favourable corporate news aided sentiment, dealers said. Major gains were Giessen, Bijenkorf, Amfv, ABN and Boer. KLM. Fokker and most shippings fell against the trend. MAR M Fls292 words
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Article263 1977-04-01 7 ZURICH: The market was generally higher on selective demand. dealers said on Wednesday. Major banks were very steady while flnanclals were led higher by Bally and registered stocks of Landies and Oerlikon-Buehlre. Insurances were neglected while firmer Industrials Included Von Roll, Fiacher. Aluanisae and Nestle. Dollar stocks rose with263 words
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Article162 1977-04-01 7 MILAN: The market closed easier after a firmer opening In fairly active trading Influenced by technical liquidation factors, dealers said on Wednesday Leading Industrials Pirelli E C, Montedison and Fiat led declines with Assicuraziani Generali In insurances. Generate Immobiliare. Pirelli SPA and Olivetti privileged were slightly higher against the162 words
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Article168 1977-04-01 7 BRUSSELS: Prices closed mixed. bourse sources said on Wednesday. GB-Inno-BM rose five per cent over Tuesday In heavy trading after the announcement of its sharp dividend and Brofits rise. Also up were FN. CB. ST Roch, CBR and Arbed. However. Vieille Montagne, Hoboken, Cometra and Geomines fell. In foreign168 words
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Article502 1977-04-01 7 TOKYO: Share prices gained on selective Interest In low-priced Issues, although some leaders fell In line with Wall Street, dealers said on Thursday The Dow Jones average rose 24 71 to close at 5.036 46. with volume 300 million shares The New Index closed 375.67, up 0 23 Non502 words
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Article414 1977-04-01 7 SYDNEY: The market was firmer despite the national wage case decision, dealers said on Thursday. The Sydney AU-Ordlnarles Index dropped 4 04 points to 442 81. BHP rose eight cents to $6 76 and EZ Industrie* and the Wale* 10 cents each to S3 10 and *4.80 respectively, and414 words
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Article387 1977-04-01 7 PARIS: The market closed Irregular in calm trading, with Investors waiting for the New French government to be announced this evening, dealers said on Wednesday. Engineerings were maintained. but chemicals weakened Roussel Uclaf, which announced a little changed provisional 1976 consolidated profit, eased Also in chemicals. PL'K weakened, the387 words
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Article291 1977-04-01 7 JOHANNESBURG: The market was quiet on Wednesday afternoon ahead of the budget, dealers said. Gold shares were steady at earlier higher levels Financial minings were also steady, while coppers were mixed Anamint was 125 cents higher at 4.125 the industrial market was little changed MAR 10 Rand INDUSTRIALS A291 words
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Article468 1977-04-01 7 HONGKONG: The market closed mixed with a steady undertone on moderate turnover. dealers said on Thursday. The Hang Seng index rose 1.12 points to finish at 417.27 points. Hongkong Land rose 15 cents to $7.00 following Tuesday 's results, and Hongkong Dock gained five cents to $9 40 on468 words
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Article174 1977-04-01 7 MANILA: The market continued dull, with oils and commercials easier but mining fractionally higher, dealers said on Thursday. Total turnover fell to 2.21 million pesos from 2 93 million on Tuesday. Atla* Con B, Lepanto B. Oriental A and Sea front firmed but San Miguel A lost ground. Unchanged174 words
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Article65 1977-04-01 7 FINANCIAL TIMES INDUSTRIALS Wednesday 427.2 Tuesday 420 4 Week ago 427.4 HOW JONES AVERAGE INDUSTRIALS Wednesday 921.21 Tuesday 932.01 Week ago 942.32 LONDON DOLLAK PREMIUM Wednesday 113 to 113 Tuesday 112 v» to 113 H.K. HANG SENG Wednesday 416.15 Tuesday 417.71 Week ago 421.87 SYDNEY INDUSTRIALS Wednesday 355.77 Tuesday65 words
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139 1977-04-01 7 Reuter HONGKONG: Thurs. A 233.5 million Saudi Riyal syndicated performance guarantee facility for Hyudai Construction of South Korea was signed_by Hyundai and the Korean Exchange Bank with a banking syndicate, Citicorp International group said as lead manager. The guarantee facility will provide a performance bond andReuter - 139 words
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Page 7 Advertisements
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Advertisement359 1977-04-01 7 ■n i STFRKiI .1 a. Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar malam! Because Penguin books are rather *~m special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational JIW quite359 words
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COMMODITY REPORTS AND PRICES
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Article343 1977-04-01 8 THE Singapore rubber market yesterday opened 1.25 cents firmer following higher London advices and later advanced further on some speculative buying and short-covering Interest. However, profit-taking came In latterly to reduce earlier gains. Turnover was fair. The morning session closed very quiet with April RSS343 words
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Article30 1977-04-01 8 Rubber: Mar 31 Singapore: April 200.75 cts (up 0.30 ct.) Malaysia: April 202.75 cts (up 0.25 ct.) Tin: $1,425.00 (up $25) Official offering: 257 tonnes (up 61 tonnes)30 words
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Article114 1977-04-01 8 I.A.S. April May (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Seller* (cent* p er kg) (cent* pei rkfl SSR20 (1-ton Pallet) 183.50 195 50N 195 00 197 OON SSR50 (1-ton Pallet) 191 00 193 OON 192 50 194 50N M.R.E.L.B. SMR5CV (1-ton Pallet) 222 00 224 OON114 words
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Article827 1977-04-01 8 IN the Singapore gold market yesterday, the kilohar changed hands in the range of 5511.940 to SSI 1.980. The loco London gold opened at US$l5O.OO/ 150.50 and was bidded up to U*****.50/ 151.00 before easing towards the close at U*****.75/ 150 25. The London morning fix was U*****.80 up827 words
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Article227 1977-04-01 8 THE Straits tin price in Penang yesterday was up $25.00 to $1,425.00 per plcul on an official offering up 61 tonnes to 257 tonnes. In LONDON yesterday, tin closed with gains of £20 for Cash and £22 for Three Months in both contracts. Dealers said the market was227 words
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Article76 1977-04-01 8 LONDON, Thurs. Zinc was i'B up for Cash and i' 8.50 higher for Three Months in the morning. The market moved up under the lead of copper with a few fresh buying orders and some short-covering finding the market rather thin. In the Ring. Three Months traded between 140076 words
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Article133 1977-04-01 8 THE following Palm Oil prices were quoted In London on Wednesday The prices are clf Rotterdam and are quoted In US dollar per ton unless otherwise stated Wednesday Prev. Malaysia 5% ffa bulk 630 sir 615 sir May Sumatra 5% Mch unch 613.50 pd Apl unch 620 pd133 words
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Article300 1977-04-01 8 LONDON, Thurs. Copper wlrebars gained mostly £11 per tonne In the morning. Dealers said the firmer tone reflected the strong overnight New York trend following latest reports out of Zaire. This brought out shortcovering and fresh buying although the advance was tempered In the pre-market by profit-taking which pared300 words
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Article101 1977-04-01 8 LONDON, Thurs. Lead finished the Ring £1 up for Cash and £1.75 higher for Three Months In the morning. Dealers said prices were generally steady throughout the morning with Three Months trading from a premarket high of £383 down to £376 in the Ring, before recovering to finish the101 words
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Article210 1977-04-01 8 BANGKOK. Thurs. Indicative prices quoted for rice are: US dollars per tonne fob basis Bangkok White Rice 100 per cent Ist class 289 100 per cent 2nd 272 100 per cent 3rd 267 5 per cent 257 10 per cent 238 15 per cent 235 20 per cent 232210 words
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Article271 1977-04-01 8 CHINESE PRODICE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICI l. YESTERDAY. Coconut CHI Bulk SI 15 sellers, old drum Sl2O sellers, new drum 5125 sellers. Copra Mixed (loose) UK/Cont. $75 buyers. Pepper Muntok ASTA white f ob 100% NLW $407' i sellers. Sarawak white f ob 96% NLW271 words
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Article386 1977-04-01 8 LONDON, Thurs, Robusta futures ended the opening call slightly easier after nervous liquidation from trade and local dealers and commission house stoploss selling. Losses at end call compared with last night ranged from £100 to £167 per tonne. Call volume was 897 lots. Much of the early trading involved386 words
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Article105 1977-04-01 8 CHICAGO. Wed. Wheat futures ended the session at or Just above the day's lows, posting losses of to cents a bushel. Lack of cash market activity and Improved moisture conditions across the plains and mid-west generated speculative selling which pushed prices lower. The 30-day weather outlook calls for above105 words
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Article177 1977-04-01 8 CHICAGO. Wed. Old crop soybean futures weakened in late trading after falling to penetrate the $9 a bushel level during the session and finished with losses of 13/«l 3 to 3U cents a bushel. New crop months closed 2'/i cents higher to unchanged. On the early advance, nearbys posted177 words
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Article172 1977-04-01 8 LONDON. Thurs. Silver was 0.7 pence lower to unchanged In the morning. Steady US futures bolstered prices in the premarket where Three Months traded up to 287.5 pence, aided by the higher gold fix, dealers said. The subsequent softer undertone In gold Induced light profit-taking and liquidation which pushed172 words
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Article317 1977-04-01 8 IAJNLHJN, Thurs. Terminal sugar gained £1.05 (near May at 1134.60 bid) to 12 per tonne from last night at the opening call. Dealers said sentiment was influenced by overnight news of the Brazilian sales of 100,000 tonnes of raws to China for Apl/Sep shipment, thereby reducing availability of such317 words
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MONEY AND EXCHANGES
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Article596 1977-04-01 8 ACTIVITY in Singapore's interbank market yesterday was largely confined to local money operations, partly because yesterday was liabilities base day. and partly because some dealers took it easy until they were caught short of funds during the latter part of the day. Overnights opened at par but were gradually596 words
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Article178 1977-04-01 8 Asian rates ASIAN currency deposit Interbank rales as at close on March 31 L'S Dollars!Spoil Offer Bid 8 days 5 4 7/8 1 mth 51/16 415/16 2 mths 51/8 5 3 mths 55/16 5 3/16 6 mths 511/16 59/16 9 mths 515/16 513/16 12 mths 6 1/8 6 Sw. Fr».178 words
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Article52 1977-04-01 8 RANGE of prices offered by dls -ount houses on March 31. Overnight 1 to 3% Call deposit 2 to 3% Cloning Buy Selling 3-month Treasury bills 3 2 7/8 3-Month Bank bills 4 3 T/» 3-Month CD 4 1/4 4 1/8 6-Month CD 4 7/16 4 1/4 Source: National52 words
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Article176 1977-04-01 8 Euro rates LONDON, Thurs. Period Eurodollar deposits up to six months opened higher reflecting the loss of the Friday dealings technicality. while shortdates were little changed, dealers said. Trading was very quiet, they added. One Month was around "A higher while other periods up to Six Months gained around 1/16.176 words
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Article299 1977-04-01 8 LONDON. Thurs. Spot sterling was again tightly controlled by the Bank of England in the $1.72 area, diverting demand for the British currency increasingly into forward markets, dealers said. The pound opened at $1.7199/7202 against $1.7205/08 overnight reflecting the official Intervention. In forward markets, the Six-Month/sterling discount dropped sharply299 words
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Article186 1977-04-01 8 NEW YORK. Wed. The yen closed sharply below overnight levels amid an unusual flurry of selling In New York in the afternoon. dealers said. The dollars closed weaker on the day. The yen selling, which apparently came mainly from mid-west banks, was due partly to unwinding of speculative186 words
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Article172 1977-04-01 8 HONGKONG, Thurs. The US dollar fell more than one Hongkong cent to close at HK54.6350/70 against last night's $4.6460/80, in fairly active trading, dealers said. Some attributed the fall to a dismantling of US dollar positions by major banks who are regarded as having artificially boosted the US dollar172 words
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Article85 1977-04-01 8 TOKYO. Thurs. The dollar for overnight delivery closed at 277.30 yen. The dollar initially firmed, reflecting the easiness of the yen abroad and Japanese banks' covering oversold dollar positions. Later the US dollar began to ease as buying subsided. with Japanese banks awaiting further price indications, dealers said. The85 words
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Article59 1977-04-01 8 Minimum lending rates (in ACBC 6*4 Kirst Chicago 6*4 Algemene Bank Citibank 6 1 Bangkok Bank 7HSBC Bank of America 6 3 Indosuez Bank of China 7 Malayan Banking 6 r Bank of Tokyo Mitsui Bank 6 1 Bank Negara OCBC Indonesia 7 OUB 6*. Chartered Bank 6'. L'CB I59 words
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Article46 1977-04-01 8 AUSTRALIA/NZ exchanges quoted on March 31 Australia: Sterling 0.6446/0.6375 US dollars 1.1055/1.1007 Ninety-day air mail buying rates: Sterling 0.6669 US dollars 1.1305 Ninety-day forward buying rates: Sterling 0.6456 US dollars 1.0945 New Zealand: Sterling 0.5589/0.5558 US dollars 0.9663/0.9563 Ninety-day forward Sterling 0.5834 US dollars 0.984346 words
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Article44 1977-04-01 8 ZURICH exchanges closing quotes on March 30 US 2.5433-5443 UK 4.3770-3805 Can 2.4140-4160 W Oerm 106.37-47 Neth 102.05-12 France 51.26-29 Belg 6.94 3 «-95'/ 4 Denm 43.46-49 Norw 48.57-60 Swed 60.61-65 Italy 0.2870-2872 Austria 15.00-02 Port 6.58-59 Spain 3.70''2-71 Arg 0.75-0.90 Japan 0.91^«-92'444 words
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Article34 1977-04-01 8 FRANKFURT exchanges opening quotes on March 31 U S 2.3898/3908 (2.3933/38) Can 2.2632/52 UK 4.105/120 Neth 95.80/95 Swttz 93.85/94.00 Italy 2.687/702 France 48.05/20 Norw 45.62/70 Belg com 6.520/535 Belg fin 6.51/53 Japan 0.8620/3534 words
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Article309 1977-04-01 8 LONDON. Thurs. Eurobonds were steady to slightly firmer. Straights Rid Offer Austria 8 1 .90 100*. Bell Canada 8*4 86 104'. mxna 101 S 102', Brazil 9'. 84 97'. 97*. Can Pacific 9 .83 102'. 103'* Credit National 8'!86 98% 99', ECSC 9 83 104'. EEC 8*4 82309 words
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Advertisement173 1977-04-01 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (lndi\iduallv urapped and mailed) Zone Brunei. Sarawak, Sabah Australasia Pacific (excluding173 words
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TRANSPORT and COMMUNICATIONS
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738 1977-04-01 9 DALLAS, Thursday NYT HAZEL Beckett has already booked a seat on the first Concorde flight from here to London, and she wishes that the people who fly the supersonic airplane would come and get her, instead of spending all their time scrapping withNYT - 738 words
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633 1977-04-01 9 UPI BELGRADE. Thurs. The Voice of America will close its only bureau in eastern Europe after more than six years in operation because of conflicts with the US Embassy over reporting issues viewed as sensitive to Yugoslavia, US officials say. VOA in WashingtonUPI - 633 words
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Article, Illustration107 1977-04-01 9 THE demands that are being made on excavators today can be quite something. At a construction equipment demonstration held recently, United Motor Works put this excavator through its paces for the benefit of some 120 people from the trade who attended the107 words
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619 1977-04-01 9 NYT VIENNA, Thurs. Longdistance trucking from Western Europe to West Asia is a boom industry right now, but It Is entangled in red tape woven by a dozen governments and suffering from cut-throat competition. Day and night, heavy rigs are pounding the roadsNYT - 619 words
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Article199 1977-04-01 9 AP LONDON, Thurs. Tlmechartering continued to command the main Interest on the London freight market yesterday as voyage-fixing became even slower. Bookings Involved tonnage In a wide range of delivery areas throughout the market. European business Included Cavn, who took the 15,853tonne dw Tttika P. at US$4,OOOAP - 199 words
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Article, Illustration354 1977-04-01 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Fuji (ice Breaker) (1400) 47 Heinrlch Jessen (0700) 33/34 Hoegh Elite (2300 after Knud Maersk) 8/9 Kapelle (after Straat Amsterdam) 10/11 Perak (1100) 21 West Pontoon SC 869 E (1300) 30 Ryushin Maru (Tanker x 1400 subject gas free) 16 Saint Prince (1700354 words
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Article586 1977-04-01 9 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKG MAS MH682 0810 KCH PAA PA841 0950 SFO/HNL/GUM SIA SQ21I 1015 HLP OIA GA980 1030 HLP QIA GA908 1100 MES PAL PR501 1115 MNL SIA SQ240 1140 MES RBA BI325 1155 BWN SIA SQ201 1200 HLP586 words
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Article72 1977-04-01 9 AS PART of Its expansion programme worldwide, Alitalia. Italy's International flag carrier, will be making two major Introductions In the Southeast Asia commercial aviation scene From today, Alitalia will replace Its present DC-10 fleet with B-747s on the thrice weekly Singapore-Australia route. Concurrent with the B-747 Introduction. Alitalia72 words
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Article133 1977-04-01 9 AP LOS ANGELES, Thurs. The United States Government Is developing a secret satellite that would be capable of destroying an orbiting enemy satellite, the Los Angeles Times reported yesterday. If research continues at its present pace, the system could be operational by 1982, the TimesAP - 133 words
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Page 9 Advertisements
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Advertisement35 1977-04-01 9 OCEAN GOING TOG 2,500 O.N.P. AVAILABLE PROMPT TOWS TO AND FROM MIDDLE EAST, JAPAN, U.S.A., AUSTRALIA, EUROPE FOR MORE DETAILS, WHY NOT ASK CAPT. 808 MOORE MARINE AGENCIES PTE LTD TEL *****3 TELEX MAP R*****135 words
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Advertisement201 1977-04-01 9 Give us a man for a monthwell give him a language for life u m ■Wl|)Ua 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 degree201 words
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Article, Illustration702 1977-04-01 10 ALAN DAWSON - By ALAN DAWSON UPI INTERNATIONAL narcotics agents are becoming increasingly concerned about growing involvement in the drug trade by Asian communists. North Korea, China, Laos and the 12,000 insurgents of the Communist Party of Burma all appear to be involved to some extent InUPI - 702 words
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Article, Illustration1739 1977-04-01 10 BERNARD MELUNSKY - By BERNARD MELUNSKY Reuter THE world's biggest democracy Is back In business. After almost two years of iron rule by Mrs Indira Gandhi under a state of emergency, India's huge electorate has voted overwhelmingly for a return to political normalcy. In perhaps the mostReuter - 1,739 words
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Article, Illustration1034 1977-04-01 10 IVAN FALLON - By IVAN FALLON CHANCELLOR Denis Healey for the second time put the trade unions on the spot with his budget on Tuesday. Last year he offered tax concessions If the unions would agree to a Kr of restraint. Now he done It again and the1,034 words
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Page 10 Advertisements
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Advertisement203 1977-04-01 10 Have you $ot your copy of the 1976 77 BUKUMERAH? The complete filing cabinet on the Singapore business scene ALPHABETICAL INDEX CLASSIFIED TRADE BRUNEi AND BANGKOK GENERAL OFFICIALS AND PUBLIC BODIES INFORMATION I I I directory SINGAPORE g* FRASO* 61 I I I I It's the 1976/77 "Red Book" the203 words
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Article228 1977-04-01 11 UPI. TOKYO, Thurs. Prime Minister Takeo Fukuda Instructed his chief Cabinet secretary today to fly to Moscow as his special envoy to break a deadlock in the current Japan-Soviet fishery talks. Government sources said Mr. Sunao Sonoda, chief Cabinet secretary and Mr. Fukuda's closestUPI. - 228 words
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200 1977-04-01 11 Reuter MANILA, Thurs. Philippines Europe shipping conference Manila secretary W.J. Crllly said the Far East Freight Conference's proposed freight rate rise of 13.75 per cent from July 1, would mean an Increase of about one to three per cent in landedReuter - 200 words
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Article189 1977-04-01 11 Reuter LONDON. Thurs. The New Zealand and British Prime Ministers, Mr. Robert Muldoon and Mr. James Callaghan, yesterday discussed preparations for the Commonwealth summit conference here in June, informed British sources said. During their 90-minute meeting they briefly touched on the International row over New Zealand'sReuter - 189 words
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Article169 1977-04-01 11 UPI HONGKONG, Thurs. Hyundai Construction Co. of South Korea has been granted a US$66.l million (*****.6) guarantee facility to build a multi-million dollar port in Saudi Arabia, Citicorp announced today. The guarantee facility was signed here between the Korea Exchange Bank and Hyundai, as co-obligors, andUPI - 169 words
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489 1977-04-01 11 NYT HONGKONG, Thurs. A major two-week meeting of top Chinese party. Government and army leaders ha* concluded in Peking, analysts here now believe, and while China has not confirmed the gathering even took place, It appears to have been the most Important sinceNYT - 489 words
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Article, Illustration35 1977-04-01 11 WASHINGTON, Thurs. President Jimmy Carter has selected former Senate majority leader Mr. Mike Mansfield (above)to be the US Ambassador to Japan, White House sources said here today. AP Photo AP PhotoAP Photo - 35 words
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Article115 1977-04-01 11 Reuter MANILA, Thurs. The Philippine C«ntral Bank is formulating measures to limit the amount of loans stockholders and officers can borrow from their own banks or other financial houses of which they are part owners, Deputy Governor Jaime Laya said. The measures were toReuter - 115 words
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Article60 1977-04-01 11 Reuter BANGKOK, Thurs. Vietnam will next month attend a ministerial meeting of the United Nations body for Asia for the first time, UN officials said today. They said Vietnam had agreed to take part in the annual session of the UN'S Economic and Social Council for AsiaReuter - 60 words
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Article270 1977-04-01 11 UPI WASHINGTON, Thurs. The United States and the Soviet Union, after months of negotiations, Tiave reached agreement on terms for shipping American grain to Russia in US-owned vessels, the Commerce Department announced yesterday. Commerce Secretary Juanlta Kreps said the agreement "clears the way for uninterrupted shipmentsUPI - 270 words
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361 1977-04-01 11 Reuter PITTSBURGH, Thurs. A state judge said yesterday that he found persuasive evidence that the price and supply of uranium had been driven up by a conspiracy to fix prices. The Judge's comment came in the settlement of lawsuits filed against the Westinghouse Electric CompanyReuter - 361 words
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255 1977-04-01 11 Reuter JAKARTA, Thurs. Indonesian Foreign Minister Adam Malik has said that some 50,000 people may have been killed in the recent civil war in East Timor. Mr. Malik told newsmen that some of the killings could have been done by Australian rather thanReuter - 255 words
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922 1977-04-01 11 Reuter BANGKOK, Thurs Armed boats of the Royal Thai navy have been assigned to patrol the Andaman Sea to protect Thai fishing fleet and the country's territorial waters. The new security precaution. to start soon, reflects a growing international tendency for each nationReuter - 922 words
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161 1977-04-01 11 UPI SEOUL, Thurs. The Soviet Union has rejected a South Korean projtosal for talks on the possibility of Korean fishing operations in its 320 km economic zone, a Seoul newspaper said today. The Joon gang daily news said the Soviet rejection was relayed toUPI - 161 words
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178 1977-04-01 11 Reuter MANILA, Thurs. Japan and the Philippines exchanged notes on a concessional loan being extended by the Japanese Overseas Economic Cooperation Fund (OECF) for US$65 million (Ssls9 million). The loan is repayable over 25 years with a seven-year grace period at an interest ofReuter - 178 words
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210 1977-04-01 11 UPI WASHINGTON, Thurs. The Treasury Department announced yesterday it has started an investigation into whether US$B.6 million (5521.1 million) worth of Taiwanese polyvinyl chloride sheet and film to make products ranging from garbage bags to rubber pants for babies was being sold inUPI - 210 words
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Article114 1977-04-01 11 Reuter BANGKOK, Thurs. Thailand's textile exports more than doubled in the first 11 months of 1976 to U*****.6 million (Ss43o million) from $80.1 million in the same period for 1975 according to Customs Department statistics. Ready made garment exports totalled 44.6 million pieces worth $69.2Reuter - 114 words
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Article335 1977-04-01 11 UPI PARIS, Thurs. A South Korean delegation headed by Deputy Premier and Economic Planning Minister Nam Duck Woo yesterday obtained US$2.5 billion (Ss6 billion) In long and medium term loans annually for their country from the World Bank, the Bank announced. In a communiqueUPI - 335 words
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333 1977-04-01 11 Surprise for Aussies double pay rise UPI MELBOURNE, Thurs. Australia's six million workers today were granted a U556.27 (5515.40) salary increase, double the figure asked for by the federal government and half what trade unions sought. Sir John Moore, president of the Arbitration Commission, handed down the decision. It isUPI - 333 words
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303 1977-04-01 11 Reuter BRISBANE, Thurs. Sales of Australian raw sugar to China for shipment in 1977 now total 260,000 tonnes. Sugar Board chairman Mr. Lloyd Harris said in a statement. Mr. Harris said the Australian selling agent CSR Ltd concluded the sales. As customary,Reuter - 303 words
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Advertisement542 1977-04-01 11 APPOINTMENTS PHILIPS invites application for TECHNICAL SALES ENGINEER Applicants must have a sound knowledge of electronic engineering, preferably with a Diploma from the Polytechnic, City and Guilds or other similar qualifications. Candidates who possess relevant experience in the technical sales of sound and vision equipment would be at a distinct542 words
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327 1977-04-01 12 LABOUR Minister, Mr. Ong Pang Boon, yesterday urged toy manufacturers to establish Singapore as their base for producing sophisticated toys and expressed the hope that this Industry will flourish and eventually rival some other Industries, like the electronics Industry. Speaking at the327 words
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Article51 1977-04-01 12 MR. Ong Pang Boon will be guest-of-honour at this year's Industrial Training Board trade graduation ceremony to be held on April 6 at the Singapore Conference Hall. The ceremony is being held for 4.800 trainees who successfully completed trade and artisan courses conducted at ITB institutions last51 words
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Article, Illustration72 1977-04-01 12 President Jimmy Carter speaking at a White House press conference on Wednesday following the collapse of the SALT talks in Moscow. He said he would be forced to consider a speedup of US weapons development if the Soviet Union does not negotiate "in good faith" at anotherAP Photo - 72 words
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Article203 1977-04-01 12 MR. TAROICHI Yoshida, president of the Asian Development Bank, who is currently in Singapore for a three-day familiarisation visit, yesterday met the Finance Minister, Mr. Hon Sui Sen, Mr. J.Y.M.Pillay, permanent secretary (revenue) of the Finance Ministry, Mr. Teh Cheang Wan, acting chairman of the203 words
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158 1977-04-01 12 UPI RAWALPINDI, Thurs. Prime minister Zulfikar All Bhutto and his new 22member cabinet met yesterday for three and a half hours to discuss seemingly insurmountable political, social and economic problems caused by nationwide violence in protests over alleged rigging of the March 7 nationalUPI - 158 words
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Article837 1977-04-01 12 LONDON. Thurs. The stock market was easier in relatively light trading and at 3 00 p.m the Financial Times index was down 5.8 at 421.4 Much of today's activity was centred around government bonds, which ended with net rises of about 1/8 among longer loans and 1/8 falls837 words
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Article96 1977-04-01 12 FOLLOWING two previous successful missions, the Wolverhampton Chamber of Commerce and Industry returns to Singapore from Saturday till April 7. Eight companies will be represented In the mission. These companies are involved in a wide range of activities and products, Including bathroom fittings and kitchen96 words
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Article29 1977-04-01 12 THE Deputy Foreign Minister of Japan, Mr. K. Arita will pay a courtesy call on Mr. Lee Khoon Choy, Senior Minister of State for Foreign Affairs today.29 words
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606 1977-04-01 12 SINGAPORE ranks among the world's best service stations In International shipping, says Mr. Hans Jacob Kruse, chairman of Hapag-Lloyd Ag, one of the major shipping companies In the world. Mr. Kruse. who was here for a two-day Hapag-Lloyd conference for the company's Far606 words
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Article, Illustration824 1977-04-01 12 NYT BANGKOK, Thurs. Thailand's ruling military junta has begun a purge of its right-wing opposition, hauling in scores of people for interrogation and banning foreign travel for many civilians, politicians, military officers, businessmen, right-wing intellectuals and Journalists, all after Saturday's attempted coup byNYT - 824 words
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532 1977-04-01 12 KUALA LUMPUR, Thurs. Malaysia's trade surplus last year rose to a record M 53,721 million more than five times the 1975 figure of $701 million. Minister without Portfolio in the Prime Minister's Department, Tan Sri Chong Hon Nyan who disclosed this today,532 words
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Article277 1977-04-01 12 THE Singapore Organisation of Seaman (SOS) has accused the National Maritime Board (NMB) of "killing" all hopes of large numbers of seamen receiving bonus payments for 1974 and 1975," by Its latest interpretation of the Board of Enquiry ruling on bonus payment. This was reported in the277 words
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279 1977-04-01 12 AFTER a three-year delay, the Singapore branch of the Institute of Petroleum has finally got off the ground, and the next few months should see some headway made In its attempts to provide a platform for the petroleum Industry for discussions and research as279 words
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227 1977-04-01 12 AP BONN, Thurs. US Secretary of State Cyrus Vance told Soviet leaders in Moscow that lack of progress on a nuclear arms agreement would damage chances of Improving trade with the United States, American officials said today. The Secretary made the connection In hisAP - 227 words
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Article320 1977-04-01 12 SAF SOME 2.500 engineers will be required In the next five years to undertake applied research activities, perform product development functions, and manage and sell Singapore's enterprises and products, the Ministry of Finance estimates. This Is reported in the University of Singapore's Campus News, whichSAF - 320 words
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Article161 1977-04-01 12 BANK of America, with representatives In three key posts, has taken over the leadership of the Singapore Forex Club. At the annual general meeting held yesterday night, Mr. Michael Phua, assistant manager of Bank of America, was elected the new president. He took over from161 words
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Advertisement173 1977-04-01 12 "7^ w Now. a French restaurant that truly flatters your taste for the finest. In food, service and quiet entertainment Dine by candlelight on exquisite French fare And dance to soft music by The Belvedere frio. Come to The Belvedere Singapore's French restaurant par excellence. 00 This month's special: CreMe173 words
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