The Business Times, 5 April 1977

Microfilm: NL9063
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, APRIL 5, 1977 SO CENTS
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  • NEWS IN BRIEF
    • Article
      Rubber price proposals
      92 1 KUALA LUMPUR, Mon. The Association of Natural Rubber Producing Nations (ANRPC) will unveil specific proposals at the United Nations Conference on Trade and Development (Unctad) in June for rubber price stabilisation aimed at reducing excessive price fluctuations on the world markets. The proposals will be contained in
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    • Article
      Lock icon Next Opec venue
      72 1 AP STOCKHOLM, Mon. Members of Opec have chosen the Stockholm seaside suburb of Saltsjoebaden as the site for their next ministerial conference to be held in July, the National Swedish News Agency reported today. A Foreign Department spokesman said he had no official confirmation from the Opec
      AP  -  72 words
    • Article
      Lock icon Barclays on blacklist
      59 1 AP NICOSIA, Mon. The Saudi government has blacklisted Britain's Barclays Bank because of its 50 per cent share in the Barclays Discount Bank of Israel, the Middle East Economic Survey (MEES) reported today. The Saudi move, in line with the Arab boycott office's decision last October, was
      AP  -  59 words
    • Article
      Lock icon No decision on rates
      55 1 Reuter HONGKONG. Mon. The Hongkong Exchange Banks' Association interest rate sub-committee took no decisions on local interest rates at its meeting this afternoon, an association spokesman said. The best lending rate charged by member banks of the association remains unchanged at the 5.5 per cent rate
      Reuter  -  55 words
    • Article
      Lock icon Zaire cuts Cuba ties
      43 1 UPI KINSHASA, Mon. Zaire has severed diplomatic relations with Cuba, Kinshasa Radio announced today. The Zairean government has recalled its diplomatic representatives in Havana and has asked Cuban diplomats in Zaire to leave the country, the radio said. UPI
      UPI  -  43 words
    • Article
      Lock icon Makarios ill
      47 1 Reuter NICOSIA, Mon. Archbishop Makarios, President of Cyprus, suffered a mild heart attack yesterday, a Government statement said today. The President 63, is now confined to his bed but is in good spirits and keeping in close touch with state affairs, the statement said. Reuter.
      Reuter  -  47 words
    • Article
      Lock icon Abu Dhabi airports
      50 1 AP NICOSIA, Mon. Abu Dhabi plans to build two new airports one civil and one military at a cost of US$225 million (***** million), the Middle East Economic Survey reported today. The civil airport will cost $75 million and the military airport $150 million. MEES said. AP
      AP  -  50 words
    • Article
      Lock icon Dow Jones
      42 1 UPI NEW YORK Mon. Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 indust 924.95, off 2.41; 20 transp 224.73, up 1.12; 15 utils 106.95, up 0.07; 65 stocks 305.40. off 0.06— UPI.
      UPI  -  42 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      175 1 THE Singapore stock market closed barely steady yesterday after initial gains in most shares were wiped out by profit-taking in the afternoon. At the close, the Business Times index rose 0.16 point to 261.06 while the Straits Times Industrial index eased 0.21 to 248.67 points. Falls Most
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    • Article
      In Kuala Lumpur
      118 1 Falls Most active Petaling $2 28 -.14 Haw Par 146.000 Talam J123 09 Central Sugars 142.000 M Flour Tan Chong $2 69 S1 63 04 03 General Lumber Pan Electric 82.000 77 nnn Rlvervlew API C Storage G. Lumber Haw Par Wilkinson Tronoh Pacific Dev Lingui K
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  • Article
    Asean-EEC links can revitalise world
    832 1  -  RAJA: POTENTIAL FOR COOPERATION By TSAI TAN BRUSSELS, Mon. Singapore's Foreign Minister, Mr. S. Rajaratnam, said yesterday cooperation between the European Economic Community (EEC) and the Association of Southeast Asian Nations (Asean) could make a major contribution towards revitalising the international economic order. In an
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  • Article
    Lock icon Suharto talks with Hussein
    236 1 Reuter PENANG, Mon. President Suharto will arrive here tomorrow from Sumatra for a six-hour visit during which he will hold talks with Prime Minister Datuk Hussein Onn on latest developments in the region. A Foreign Ministry spokesman in Kuala Lumpur said the two leaders would have
    Reuter  -  236 words
  • Article
    Lock icon Heathrow chaos
    90 1 Reuter LONDON, Mon. London's Heathrow Airport faced further chaos today with thousands of travellers stranded because of a boycott on overtime and night shift work by maintenance engineers of the state-run British Airways. A British Airways spokesman said last night that all domestic and Euro- pean flights would
    Reuter  -  90 words
  • Article
    Adelphi site may prove a goldmine
    409 1 THE proposed 10-storey hotel to be erected at the present Adelphi Hotel site may prove a gold mine for its developers, Choon Bee Enterprises. For it is believed that should the Mass Rapid Transit system materialise, one of the MRT stations is likely to
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  • Article
    Lock icon Thais may end UK air pact
    240 1 UPI BANGKOK, Mon. Thailand will likely call for the cancellation of Its air agreement with Britain later today In an escalating air traffic wjr between the two nations, Government sources said. The Governments of the two countries have already cancelled all flights by Thai
    UPI  -  240 words
  • Article
    Chamber team is off to Hanoi
    190 1 A 14-MEMBER delegation from the Singapore Chinese Chamber of Commerce, led by Mr. Tan Keong Choon, Its former president, leaves for Hanoi today. The economic factfinding mission, will be In Vietnam for 10 days to negotiate the resumption of normal trade links between Singapore
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  • Article
    Lock icon Saudis underspend
    122 1 AP NICOSIA. Mon. Saudi Arabia spent US$22 billion (5554.1 billion) during fiscal 1976, about $10 billion below budget allocations of $31.4 billion, the Middle East Economic Survey reported todays" Foreign aid granted by Saudi Arabia rose from $220.9 million in 1973 to $5.7 billion in 1976, totalling nearly
    AP  -  122 words
  • Article, Illustration
    Gilmour now at the helm of Steamers
    182 1 MR. J.G. Gilmour (above) managing director of Strait® sttamship, will succetd Mr. R.C. Wurtzburg as chairman and chief executive of the company from July 1. Mr. Wurtzburg will be relinquishing his appointment as executive chairman for family reasons and will be returning to
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  • Article
    Lock icon Straits tin
    29 1 Reuter KUALA LUMPUR, Mon. The Straits tin price in Penang rose Ms 3 per plcu to 51.428 SlO3 above the International Tin Agreement celling, dealers reported. Reuter
    Reuter  -  29 words
  • Article
    Tumbling $ hits a low in local forex mart
    225 1 Tumbling hits a low in local forex mart THE American dollar was traded to a 3'i-year low against the Japanese yen in the Singapore foreign exchange market yesterday. From the opening of 275.70 yen <552.45) here, dealers said the US dollar was pushed to the day's low of 273.90 yen
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  • Article
    Lock icon No interest will be charged
    119 1 AP NICOSIA, Mon. Kuwait has set up a U5534.6 million (5584.8 million) investment company to engage in banking, financial, industrial, agricultural and commercial activities on an interest-free basis, the Middle East Economic Survey reported today. The company, called the. Kuwait Financing House, will cater to.
    AP  -  119 words
  • Article
    Slater case decision: S'pore bid to appeal
    403 1 LONDON, Mon. The Singapore Government is to apply to the divisional court here tomorrow for an order for leave to appeal against the dismissal of financier James Slater from charges in the recent extradition proceedings. Mr. Ronald Waterhouse, Queen's Counsel for the Singapore
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  • Article
    SIA loan bid?
    237 1 SINGAPORE Airlines is believed to be on the trail of another five to seven year fixed rate term loan to help finance its vast equipment expansion programme. The amount of the loan is likely to be in the region of US$5O million (Ssl23 million), although the currency
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      56 1 V* f °°v W'avfoong Mortgage you need and Finance (Singapore) Limited ll lllOSl' Shaw House. Ground Floor. 354 Orchard Road Singapore 9. 1VI: *****7. INSIDE Asean-EEC Conference Special/TV Radio Overseas News/ Feature Local Co News Overseas Stocks P2 Commodities Transport P3 Communications P4 Features International Co News P5 Local Overseas
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    • Advertisement
      Page 1 Advertisements Column 2
      72 1 l!< )ISINS()NS GRAND %ANNUAL SPECIALISTS' SHOPPING CENTRE Orchard Road, Singapore 9 Tel. *****2 SHOPPING HOURS t Mons Tims Weds Fri 9.45amt0630pm l Thurs ft Sats k I 945 am to 9 30pm B Sundays 9.45 am to spm NOW ON THE VALUE-PACKED EVENT OF THE YEAR. GIGANTIC STOREWIDE BARGAINS FOR
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    • Advertisement
      Page 1 Advertisements Column 3
      9 1 Full text of Mr. Rajaratnam's speech in Page 2.
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    • Advertisement
      Page 1 Advertisements Column 4
      98 1 y-Bix COMPLETE COPYING SYSTEM APS ELECTRONICS (PRIVATE) LIMITED f|||C S.ng»or. Tel TBy) APS ELECTRONICS <M) SON BHD s KUALA LUMPOB T*i 2C3572 «i«c €XPORT GOOD FOR YOUR DUSINeSS, GOOD FOR SINGAPORC The Chartered Bank takes the complications out of export and puts the service in. More than 1500 branches all
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  • Article, Illustration
    Raja on how Asean-EEC cooperation can help revitalise world economy
    2305 2 ASEAM-EEC Conference Text of the speech by Minister for. Foreign Affairs S. Rajaratnam at the Asean-EEC-Ebic conference on industrial cooperation now being held in Brussels from Monday to Wednesday. I WOULD like, on behalf of the Asean delegation, to thank
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  • Article
    Flanders and Walloons feud hotting up...
    902 2  -  By TIM PEARCE THIS small but wealthy country has seen 22 governments come and go since the end of World War Two, all smitten by a political disease that shows no sign of being cured. The running sore in Belgian life is the antagonism
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  • Article
    Joint bid to attract European investors
    598 2  -  By TSAI TAN BRUSSELS, Mon. Top Asean businessmen yesterday got down to business hours after some of them landed here to co-ordinate a common stand for presenting to their West European counterparts today when the mammoth Asean-EEC-Eblc sponsored business conference opens. The conference has
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      321 2 2 remarkable accounts of the Japanese Occupation SYONAN MY STORY Mamoru Shinozaki 19 x 13cm; 123 pages; limp; 555.50 The occupation of Singapore was, for those who survived it, a profound traumatic experience. Many, of course, did not survive it at all; and memories of mass murders and senseless brutalities
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      51 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on April 4 at Singapore airport. Maximum Temperature 31.3° C Associated Humidity 66 Minimum Temperature 23.8° C Associated Humidity Hours of Sunshine 4.30 Rainfall in Millimetres 3.7 Total Rainfall for the Month 6.2 Total Rainy Days for the Month
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      282 2 RADIO TV SINGAPORE 5 3.00 P.M. Opening Announcements followed by Flying Nun (r) 3.30 Diary of Events (English) 3.35 Magazine Zero One (r) 3.50 General Hospital 4.30 Intermission 6.05 P.M. Opening Announcements followed by The Swiss Family Robinson Deadly Feast (Last Episode) 0 6.30 News in Brief 6.35 Porky Pig
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  • OVERSEAS
    • Article
      Lock icon US economy poised for an upswing
      846 3 FORECAST OF RAPID GROWTH NYT NEW YORK, Mon. Private economic forecasters are now increasingly convinced that the nation's economy is poised for a period of rapid growth during the spring and summer months as it recovers from a disappointing stage at the beginning of
      NYT  -  846 words
    • Article
      Lock icon Trade pact caps Muldoon visit to Egypt
      216 3 AP CAIRO, Mon. New Zealand Prime Minister, Mr. Robert Muldoon climaxed a three-day official visit here yesterday by signing a trade agreement with his Egyptian counterpart Mr Mamdouh Salem. The agreement, as carried by the Middle East news agency, called for formation of
      AP  -  216 words
    • Article
      Lock icon El Dorado will be a reality in the 20th Century
      690 3 Reuter GUAYANA CITY, (Venezuela,) Mon. Venezuela is putting a large slice of its oil wealth into making a modern-day dream of El Dorado (country of gold) come true. It is establishing a vast industrial centre in the torrid, jungle-clad eastern
      Reuter  -  690 words
    • Article
      Lock icon US firm to lay off workers in Bahrain
      137 3 AP MANAMA (Bahrain), Mon. The US firm Brown and Root has notified the Bahrain Government it will lay off 126 Bahraini welders in addition to an unspecified number of foreign workers, company officials said over the weekend. Company general manager Mr. Frank
      AP  -  137 words
    • Article
      Lock icon PAYING THE HIGH PRICE FOR A FREE MARKET
      1176 3 UPI BUENOS AIRES, Mon. The average Argentinian, whose income is already at a 15 year low. Is now being asked to make further sacrifices, including continued low wages, higher taxes and mass layoffs In the public sector. After three months in which
      UPI  -  1,176 words
    • Article
      Lock icon 'Energyplan tough but it will be cushioned'
      349 3 UPI WASHINGTON, Mon. Higher prices and taxes for gasoline and bin cars will be offset by reductions In other areas under President Carter's embryonic energy plan, his chief energy adviser, James Schlesinger, said yesterday. The programme to be submitted to Congress on April
      UPI  -  349 words
    • Article
      Lock icon Italian outlook still gloomy says OECD
      347 3 Reuter PARIS, Mon. The Italian economy remains In a precarious state with inflation and the balance of payments Its overriding nroblems. the Organisation for Economic Cooperation and Development (OECD) said. In its annual survey of Italian economic prospects, the OECD said there is still
      Reuter  -  347 words
    • Article
      Lock icon Tax incentives
      148 3 Reuter MEXICO CITY. Mon. The Mexican Government will reintroduce tax advantages for exporters, suspended six months ago after the devaluation of the peso, the Commerce Ministry announced. Exporters will be able to reclaim up to 100 per cent of corporate taxes. The exact percentages will be announced shortly
      Reuter  -  148 words
    • Article, Illustration
      Lock icon SOCIALISTS AIM TO PROVIDE JOBS FOR ALL
      182 3 UPI OSLO, Mon. Socialist parties and trade union organisations from IX West European countries pledged over the weekend to work towards the goal of full employment in Western Europe by I9NO. They also said thestronger West European economies should develop policies to reduce
      UPI; Source: UPI photo  -  182 words
    • Article
      Lock icon Canada lacks tools to reduce jobless
      218 3 UPI OTTAWA. Mon. Finance Minister Mr. Donald Mac Donald said yesterday his 1977-78 budget did not contain substantial measures to reduce unemployment because the Federal Government simply did not have the tools to do so. In an interview on CTV's Question Period", Mr. Mac
      UPI  -  218 words
    • Article
      Lock icon Schilling same
      86 3 Reuter VIENNA. Mon. Finance Minister Mr. Hannes Androsch said Austria has no plans to change the value of the schilling, following the Scandinavian devaluations. No reason exists to believe the action by Sweden. Norway and Denmark will have any effect on the Austrian currency because Austria's economic and
      Reuter  -  86 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      119 3 We manufacture a great variety of products, in steel, concrete, asbestos and plastics We make them in tremendous quantities, to the highest international standards, for local usage and our ever-expanding export markets. But the most important fact is this: All these products are made by people. Hundreds of them, in
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  • COMPANY NEWS
    • Article
      Prospects brighten at Central Sugars
      1119 4 AFTER a lapse of five years. Central Sugars has resumed payment of an interim dividend of five per cent for the current year ending June 30. 1977. The decision reflects improved earnings shown by the group since 1975/76 when it reported a record pre-tax profit
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    • COMPANY MEETINGS
    • Latest results
      • Article
        FOLEX INDUSTRIES
        53 4 j Unaudited company loss M$ 1.41 million ($2.19 million) on turnover of 513.47 million ($10.46 million) for the first six months ended Feb 28, 1977. Total sales include textile sales of $11.65 million ($8.99 million) and sales of $1.83 million ($1.46 million) from texturlzed yarn and knitted fabrics
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    • Article
      Rubber income boosts Pataling
      258 4 HIGHER rubber earnings helped Pataling Rubber Estates, now a subsidiary of Harrisons Malaysian Estates to turn in a 36 per cent rise in pre-tax earnings in the year ended Oct 31, 1976 its last year as an Independent company. Profits rose to £4.13 million from £3.03
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    • Article
      Sharp 73 pc rise in profit at Kent
      290 4 KENT (FMS) Tin Dredging has recorded a sharp 73 per cent increase in after-tax profit to M 5601,698 for the year ended Dec 31. 1976 despite lower revenue from tin sales. The first half-year saw a setback of some 12 per cent
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    • Article
      PEOPLE IN BUSINESS
      97 4 MALAYSIAN Tobacco Company Berhad has announced the re-election of Mr. Michael Robert Noakes as a director of the company. He was re-elected at the Annual General Meeting held on March 17. Mr. Lim Boon Siang has resigned from the board of Sentosa Plywood Berhad with effect from
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    • Article
      Milling proves uneconomical for Malaysia Rice
      518 4 RICE milling has again proved to be an uneconomical business for Malaysia Rice Industries judging by its results for the first half-year ended Dfec 31, 1876. This time the company Incurred a trading loss of M 531.000 compared with a loss of $26,000 In
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    • Article
      DIVIDENDS ANNOUNCED
      647 4 Current Ex Date Total for Total for payment Date payable the year Previous year Yeo Hiap Snf U.A.C. K.L Krann| 10% 12 5%I Mar 14 Marl Apr 6 Apr 8 10% 12.5%I 10 0% 25%. 5S Feb 15 Apr 9 10% 10% Hume(M) 4%I Mar 15 Apr 11
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    • Article
      Lock icon Demand for venture capital
      1192 4  -  LACK OF ADEQUATE REWARDS By ROY LEVINE FT "THE erosion of proper rewards for entrepreneurs that has taken place in recent years Is undoubtedly damaging the economy and I believe that the incentives that are available to both owners and managers in business are lower in
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    • Article
      Lock icon Annual report Q & A is here to stay
      573 4 Annual report Q A is here to stay NYT NEW YORK. Men. The yearly flow of annual reports is now at floodtida. and corporations in growing numbers are using question-and-answer sections to reply to issues raised by the owners of the business their shareholders. The question-and-answer sections address such shareholder
      NYT  -  573 words
    • Article
      Further growth likely at Wool worths
      435 4 LONDON, Mon. In his annual statement, Mr. Stephens Owen, chairman of F.W. Woolworth and Co., says the company Is budgeting for another Increase in profits in the current year to January 1978. He says that an Increase Is budgeted for despite the national forecast
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      357 4 NEW DIRECTIONS The magazine that actually says what you have been thinking all along. JgM-i,. 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 light on
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon CK to buy Wynncor
      165 5 Reuter HONG KONG, Mon. Wynncor and Cheung Kong (Holdings) said certain major shareholders In Wynncor agreed to sell 10.48 million HK$5 Wynncor shares or 56.7 per cent of Wynncor's issued capital to Cheung Kong at $12.45 a share. The agreement Is conditional on Cheung Kong being
      Reuter  -  165 words
    • Article
      Lock icon Mitsubishi
      62 5 Reuter THE HAGUE, Mon_ The Royal Dutch Shell group said it and Mitsubishi of Japan will set up a 50/50 venture to drill for oil off Japan. They also are also studying a plan to build a six-million-tonne a year LNG plant is Sarawak with a Malaysian partner, but
      Reuter  -  62 words
    • Article
      Lock icon Eurobond market outlook optimistic
      167 5 Reuter LUXEMBOURG. Mon. Kredletbank Luxembourgeolse said In Its latest quarterly survey of the Eurobond market that the Important volume of new Issues Indicates an optimistic mood for the coming months. The bank said in the survey published in Its "Bulletin Financier" that the high level of
      Reuter  -  167 words
    • Article
      Lock icon IBM on change in cost accounting methods
      124 5 Reuter NEW YORK. Mon. International Business Machines disclosed in its 10-K report to the Securities and Exchange Commission that using replacement cost accounting rather then the historical cost method would mean changes In certain balance sheet and Income accounts. IBM estimates that under
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    • Article
      Further losses at Pancontinental
      212 5 BRISBANE, Mon. Unaudited consolidated operating loss at Pancontinental Mining has widened considerably in the first six months ended Dec 31, 1976. The company incurred a loss of A 5203,000 compared with $43,000. It did not have any revenue for the two corresponding periods. The loss is
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    • Article
      Lock icon Western Mining reports more copper assays
      146 5 Reuter MELBOURNE, Mon. Western Mining Corp. (WMC) reported further assays of up to 2 20 per cent copper and up to 1.33 lb/tonne of uranium oxide (U308) at its Roxby Downs site near Andamooka, South Australia. In one drill hole, WMC encountered 124 metres
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    • Article
      Lock icon US makers after tax profit declines
      213 5 Reuter WASHINGTON, Mon. US manufacturers after-tax profit averaged five US cents per dollar of sales In the fourth quarter of 1976, compared with 5.3 cents In the third quarter of 1976 and 5.1 cents In the fourth quarter a year ago, the Federal Trade
      Reuter  -  213 words
    • Article
      Lock icon GM to build Oklahoma plant
      102 5 Reuter BALTIMORE, Mon. General Motors said construction will begin next month of a new passenger car assembly plant in Oklahoma City covering nearly 27,000 sq metres with production expected to start within two years. It will be GM's first new assembly plant since 1964 and
      Reuter  -  102 words
    • Article
      Lock icon Occidental to sell unit
      81 5 Reuter NEW YORK, Mon. Occidental Petroleum said it agreed in principle to sell one of its Belgium subsidiaries, Rafflnerle Beige de Petroles (RBP), to two companies and individuals associated with B. Bassatne of Beirut, Lebanon. If the transaction is completed. Occidental Petroleum said It will result
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    • Article
      Lock icon Broken Hill
      71 5 Reuter MELBOURNE, Mon. Broken Hill has declared an unchanged final dividend of 16 Australian cents for the year ending May 31, 1977 payable on May 25 to shareholders on Its register on April 22. This maintains Its total payment ior tne year at 31). a cents. The company
      Reuter  -  71 words
    • Article
      Lock icon Qld Mines
      34 5 Reuter SYDNEY, Mon. Queensland Mines sustained a consolidated net operating loss of A 5165,000 last year compared with a similar loss of $163,000 in 1975. Revenue came to $72,000 against $71,000. Reuter
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    • Article
      Lock icon Cadbury enjoys earnings rise
      232 5 Reuter LONDON, Mon. Oadbury Schweppes enjoyed a rise of 20 per cent in earnings last year following an equally buoyant Increase In sales. Pre-tax profit for 1976 rose to £46.4 million from £38.6 million on sales of £787 million compared with £667 million In 1975. After-tax
      Reuter  -  232 words
    • Article
      Lock icon Jardine Davies suffers setback
      172 5 Reuter HONGKONG. Mon. Jardine Davles suffered an earnings setback of 16 per cent In 1976 as a result of poor results from Its sugar and trading operations and a large provision for losses Incurred by a subsidiary. Consolidated net profit fell from HK526.98 million In 1975
      Reuter  -  172 words
    • Article
      Amalgamated Metal sees income increase
      158 5 LONDON, Mon. After being steady at the half-way stage at £2.8 million. Amalgamated Metal Corporation made headway, after nine months, from £4.02 million to £4.7 million and ended 1976 with pre-tax profit Increased by £2.25 million to £7.95 million on turnover up from £751 million
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    • Article
      Edinburgh & Dundee chairman hopeful
      326 5 Edinburgh Dundee chairman hopeful LONDON, Mon. Mr. Hugh McMichael, chairman of Edinburgh and Dundee Investment says In his annual statement that present estimates suggest that, If there Is no major change In investment policy, earnings per share for the current year will show a modest Increase. If, however, It appeared
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    • Article
      Lock icon Executive spending
      898 5 NYT NEW YORK. Mon.-In the several years he has spent counselling corporate executives on how to handle their money. Mr. Peter M. Mazonas. a vice president of the Bank of America, has discovered that the brass really are not so very different from you and me. Many corporate
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    • Article
      Lock icon Cominco defers US$58 m projects
      123 5 Reuter VANCOUVER. Mon. Cominco said In the annual report about US$5B million authorised for major capital projects In 1976 was unspent at the end of the year. Capital spending in the year was $147.6 million compared with $125.6 million In 1975. Present economic conditions offer
      Reuter  -  123 words
    • Article
      Lock icon Hoechst's new sweetener
      85 5 Reuter FRANKFURT. Mon. Hoechst's chemical sector has developed a sweetener "acetosulfam" which is some 200 times sweeter than sugar, a company spokesman said. He said clearance for the use of the acetic acid-based sweetener in foods is hoped for this year from the Federal Health Department. Production
      Reuter  -  85 words
    • Article
      Lock icon Significance of force majeure
      1100 5 URANIUM CONTRACTS FT LONDON, Mon. "Whilst I have questioned the propriety of the approvals of uranium export contracts Immediately prior to December, 1972. I have stated on numerous occasions that this Government will ensure that the commitments under these contracts are met." So said Australia's Labour
      FT  -  1,100 words
    • Article
      Paterson Zochonis freed from dividend control
      498 5 LONDON, Mon. The directors of Paterson, Zochonis have been told by the Treasury that the company Is no longer subject to current UK regulations on dividend control, as it is regarded as being mainly engaged in operations outside the UK. They add that they
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    • Article
      Brent Chemicals buoyant
      349 5 LONDON, Mon. After being up from £0.53 million to £0.68 million at halfway, pre-tax profit of Brent Chemicals International improved from £1.08 million to a record £1.59 million for 1976. The results include three months contribution from Savllles Hydrologlcal Corporation. acquired from Oct 1, 1976. Dut to
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    • Article
      Lock icon BP Canada lays off drilling at Labrador
      99 5 Reuter MONTREAL. Mon. BP Canada and its working interest partners, Columbia Gas Development of Canada, Gulf Oil Canada and Chevron Standard, will not undertake drilling operations on its holdings off the Labrador coast this year. BP Canada said Ownership of the mineral resources
      Reuter  -  99 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      99 5 PR//AT. SUPER CmiRS, LUXURY FOR THE OFFICE, Carera The super chairs from Diethelm Unique. Exciting T-~ Comfortable And elegant Inspired by designs that defy dating In materials that lift. And enlighten w JL Four sizes And a great range of styles. M They're superb executive and management chairs Carera Super
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  • Article
    Share Information Service
    2040 6 Gr. Gr'a Net 1977 Laat div Div yU P/E Vol Day Hi(h Low Company Sale ♦or- c'vr cow High Low SECTION ONE INDUSTRIALS 140 136 Acma 140 unch 12.ON 1.1 8.5 7.0 2 140 140 133 127 Aetna A 128 12.ON 1.1 9.3 6.4 204 204 Alcom
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  • Article
    Transactions in Singapore
    1292 6 BID and offer prtc«s 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 Board
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  • Article
    In Kuala Lumpur
    1297 6 BID 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. INDUSTRIALS Acma 11.488) Laytapa (0 468 0 4981 Ajmamat* (Z.OOB i Alcam
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  • Article
    Stock options
    141 6 STRIKING pricea of the ■tock options officially listed on the Stock F*chance of Singapore, the perioda, bid and offer pricea and buaineaa done yeaterday, with the number of optiona traded ahown in bracketa. C and C (June $1.90) (0 13S) D.B.S. (June 53.90) .(O.ll'zS) (1) 0.10 Inchcape (June
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  • Article
    Unit trusts
    154 6 SINGAPORE UNIT TRUST 4 Managers' price* for Apr S) INCOME BOND UNIT (Current price*) INCOMF RDND The Saving Fund 0 86 0 84xd S pore Prog Fund 0 78 0.83 S pore Security Fund .145 153 S'pore Invest Fund 1 03 1 08 ASIAN UNIT TRUST (Manager*' price*
    154 words
  • Article
    Bonds
    123 6 Kcppcl 4 :i/4V, |»H4 50.000) <W|» 'HI'.S) Orirnl Lcuxing I/i<7, 1942 (>(UKHI) (100 -B lOO'^S) I/2V, 15/4/74 (1.000.000) (1111.558 101 70S) 1/1* 13/7/74 (1.000.000) 101.->OB 101 <>0S) l/7/7t» 11.000.000) (104 808 MH.1158) i \m I/ 111/77-79 (1.000.000) IHISOB 101 t>OS) I/I** 15/10/79 (1.000.000) KM IKB 101 2HS) •i "1/17,
    123 words
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      221 6 W- It m >0^ < -<: ""J ft.OttrSS 'J &»H >n' ?>' *Vv '> ,i. r" > C> .f Alex Josey has long been an observer, recorder end commentator of the Singapore scene. In this new book, he examines end explains the success of Singapore's tripertite alliance of Government, workers
      221 words
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  • Article
    Fujitec DRs disappoint
    391 7 FUJITEC made disappointing debut at the Stock Exchange of Singapore yesterday when trading opened generally on a firm note. Unlike its predecessor, Murata, this Japanese depositary receipt share, which was offered to the public here at $8.75, hardly commanded a worthwhile premium on listing. A negligible volume
    391 words
  • Article
    Shares ease in KL mart
    420 7 SHARE prices finished fractionally easier on the Kuala Lumpur Stock Exchange yesterday after an early rally failed to attract sufficient support. Initially, it appeared that investors' hopes for an extension of last week's steadier conditions had been realised when shares moved ahead on opening. But
    420 words
  • Article
    Lock icon Amoy Canning land deal denial
    88 7 Reuter HONGKONG, Mon. A China Engineers (Holdings) spokesman said a local Chinese press report that Its subsidiary Amoy Canning Corp (Hongkong) has already sold land In Kowloon Bay which It withdrew from auction last month is incorrect. Referring to a report in the Hongkong Economic
    Reuter  -  88 words
  • Article
    Lock icon West Germany agrees to loan
    93 7 Reuter SEOUL. Mon West Germany has agreed to provide a 35 million marks soft loan to help finance the construction of grain warehouses and medical clinics in South Korea this year, the economic Planning Board said. Half of the loan will go into grain storage
    Reuter  -  93 words
  • Article
    Lock icon Bonds react to Carter's rebates
    418 7 Reuter NEW YORK, Mon. Mounting opposition to President Carter's tax rebate programme in the Senate has caused some downward adjustments In market estimates of the government's second Suarter financing needs, fall Street analysts said. Last week's news that the rebates are In Jeopardy In the
    Reuter  -  418 words
  • Article
    TDK foresees slower growth
    224 7 LONDON, Mon. After a period of what the company describes as "extraordinary growth" last year, TDK Electronics of Japan Is expecting only a slight Improvement In sales and profltl In the first half, of this year. However, with the continuing programme of whittling away low margin
    224 words
  • OVERSEAS MARKETS
    • Article
      Tokyo
      466 7 TOKYO: Shares prices easled led by electrical appllcances and motors on the further rise In the yen, dealers said on Monday. The Dow Jones average lost 14.10 to close at 4.970.88, with volume 110 million shares. The New index closed at 370.05, down 1.32. Pioneer led the decline In
      466 words
    • Article
      Sydney
      380 7 SYDNEY: The market closed mixed after a firm start. In slack trading, dealers said on Monday. The Sydney All-Ordinaries Index dropped 2.14 points to close at 442.19. Among minings, Pancontinental lost rents to $10 80 following its Interim results, and QLD Mines. Kathleen, Woodside Burmah and CRA were also
      380 words
    • Article
      Manila
      161 7 MANILA: Mining and oil averages fell, while commercials rose slightly In dull trading, dealers said on Monday Total turnover rose to 4.01 million pesos from 3.79 million on Friday. San Miguel B rose but Acoje Mining, Atlas Con A and B. Baguio Gold, Lepanto B, Philex A and B
      161 words
    • Article
      Hongkong
      394 7 HONGKONG: The market firmed further In fairly active trading on Monday, boosted by buying in london on Friday and news during the day concerning the local property situation, dealers said. The Hang Seng Index rose 6 -3<J points to close at 430 95. Turnover on the four exchanges totalled
      394 words
    • Article
      Bangkok
      86 7 APR IU Barns Asia Fibre 154 ♦3 Bangkok Bank 275 unch Bangkok Invest 185 5 Bangkok -Metropolitan Bank Bala 427 ♦4 Berli Jucker 227 +5 haroong Thai Wire 163 -2 Dumex Dusit Thani Faber Merlin First Trust Indo-Tliul Industrial Finance Corp J And J Ho 227 4-1 Jalaprathan OHMH
      86 words
  • Article
    Higher than expected loss at LKAB
    207 7 STOCKHOLM, Mon. The LKAB State-owned Iron ore mining concern In northern Sweden records a higher loss for 1976 than anticipated. The forecast last June was for the loss to be about Kr.105 million. The preliminary report for 1976 puts the loss at Kr.243 million.
    207 words
  • Article
    Lock icon US banker expects higher interest rates
    618 7  -  By JOHN H. ALLAN NYT "THE question, It seems to me, Is not whether rates rise, but how much." With this remark, Mr. Albert M. Wojnllower, senior vice president at First Boston summarised his views on the business cycle and Interest rates. As one
    NYT  -  618 words
  • Article
    Lock icon A 'better balance' for Lambert
    604 7  -  By DAVID BUCHAN FT BARON LAMBERT has been reshuffling his cards. The Belgian financial and banking empire that carries his name Is to be reorganised, following the announcement last week of the creation of a new super holding company, to be called Oroupe Bruxelles Lambert,
    FT  -  604 words
  • Article
    Lock icon Poland's debt causes concern
    746 7  -  BUSINESS WITH THE WEST By MALCOLM W. BROWNE NYT POLAND'S soaring indebtedness to the West Is causing concern In the communist bloc and the West and has resulted in a scaling down of Investments In this country. One of the casualties has apparently been General Motors,
    NYT  -  746 words
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      Page 7 Advertisements Column 1
      176 7 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who
      176 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Local and foreign rubber markets
      636 8 IN the Singapore rubber market yesterday, opening quotations were marked down 1.50 cents following easier London advices and thereafter prices fell a further two cents on stoploss selling and lack of buying support, dealers said. The unsuccessful talks in Geneva on a projected International Common
      636 words
    • Article
      Closing prices
      30 8 Rubber: Apr 4 Singapore: April 197.00 cts (down 4.50 cts.) Malaysia: April 198.50 cts (down 4.75 cts) Tin: #1,428.00 (up $3.00) Official offering: 270 tonnes (up 40 tonnes)
      30 words
    • Article
      SSR and SMR
      122 8 April M.y R.A.S. (Current Mth) (Forward Mlh) Buyer* Seller* Buyer* Seller* (rents >er kg) (cents <er k() SSH20 (1 Ion Pullet) 192 50 194 50N 194 00 196 00N SSR50 (1 ton Pullet) 190 00 192 OON 191 50 193 50N M.K.F..L.B. SMR5CV (1 -ion Pallet) 219
      122 words
    • Article
      Produce prices
      120 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil Bulk SI 15 sellers, old drum $120 sellers, new drum SI2S sellers. Copra Mixed (loose) UK/Cont. $75 buyers. Pepper Muntok ASTA white f ob 100% NLW $407' i sellers. Sarawak white fob 96% NLW $387", sellers.
      120 words
    • Article
      Lock icon MANILA TO IMPOSE METAL BAN?
      136 8 Reuter MANILA, Mon. The Philippine Government Is considering a partial ban, on a selective basis, on copper concentrate and nickel exports as part of its rationalisation programme for the copper mining industry, Board of Investments sources said. They said this would assure the raw material
      Reuter  -  136 words
    • Article
      Gold
      160 8 IN the Singapore gold market yesterday, the kllobar traded in the range of 5511.990 to 5512.030 in thin and quiet conditionsOn the loco London basis, the market opened at US$l5O.BO/151.20 per ounce and eased on profit-taking to $150.60/150.90. The London morning fix was U*****.75 up $1.45 on the previous
      160 words
    • Article
      Rice
      218 8 BANGKOK, Mon. Indicative prices for rice quoted were: US dollars per tonne fob basis llungkok 100 per cent Ist class 286 1 (Ml per cent 2nd 269 10H iier cent 3rd 264 5 per cent 254 10 per cent 233 15 per cent 230 20 per cent 227 25
      218 words
    • Article
      Straits tin
      57 8 THE Straits tin price In Penang yesterday was up $3.00 to $1,428.00 per plcul on an official offering up 40 tonnes to 270 tonnes. Owing to a transmission breakdown, reports of the London rubber, tin, copper, silver, lead, zinc, coffee, sugar, Eurobond prices, and the Frank- 1 furt
      57 words
    • Article
      Lock icon Singapore and Malaysia rubber exports fall
      281 8 Reuter EXPORTS of sheet and crepe from Singapore and Peninsular Malaysia fell to 154.229 tonnes in December from 179,930 tonnes In November and 168,856 tonnes In December 1975, Statistics Department figures showed. Of the December exports (November in brackets) the UK took 8,637 tonnes
      Reuter  -  281 words
    • Article
      Lock icon Traumas of Zaire's copper industry
      815 8 Financial Times LONDON, Mon. For Zaire's harrassed but durable President Mobutu, the situation was bleak. Looking across his vast but unco-ordlnated country from Kinshasa towards the east, a threat was emerging not only to the Integrity of his rule but to his prospects for putting
      Financial Times  -  815 words
    • Article
      Lock icon Soybean price dilemma
      647 8 NYT NEW YORK. Mon. As soybean futures prices continued their dramatic climb towards life-of-contract highs last week, the Carter administration was confronted with its first farm marketing dilemma. Essentially, President Carter must decide whether to reduce or embargo soybean exports until the new crop is harvested this
      NYT  -  647 words
    • Article
      Lock icon Bangkok rice exports rise with new markets
      168 8 Reuter BANGKOK, Mon. Thailand exported 297,400 tonnes of rice last month compared with 211,500 tonnes in March last year. Commerce Ministry sources said This brought total exports in the first quarter to 729.600 tonnes compared with 451,312 tonnes in the same 1976 period.
      Reuter  -  168 words
    • Article
      Lock icon Thais set maize output target
      139 8 Reuter BANGKOK. Mon. Thailand has set a maize production target of 3.5 million tonnes this year, compared with last year's output of 2.7 million. Agricultural Promotion Department Director-General Yukti S;iliputi said. He told reporters he was confident the target would be achieved as current high
      Reuter  -  139 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      554 8 YEN rose by about 200 points in the Singapore foreign exchange market yesterday and hit the highest level against the US dollar since November 2. 1973 when It was last traded at 273.50 yen. Dealers reported that active trading In the yen was started after the lunch hour in
      554 words
    • Article
      Asian $ rates
      164 8 Asian rates ASIAN currency deposit interbank rates as at close on April 4. L'S Dollars Offer Bid 7days 51/16 415/16 1 mth 51/4 51/8 2 mths 51/8 5 3 mths 51/4 51/8 6 mths 5 5/8 51/2 9 mths 5 7/8 5 3/4 12 mths ei/s 6 8w. hi Dm.
      164 words
    • Article
      Discount
      46 8 RANOE of price* offered by discount house on April 4 Overnight 3% Call deposit 2 IS/16 to 3* flmiil Bay Mt 3-Month Treasury bills 3 27* 3-Month Ban* bills 4 1/H 315/16 3-Months CD 4 3/8 41/4 6-MonthsCB 41/2 4 VI Source: National Discount Co.
      46 words
    • Article
      London
      271 8 LONDON, Mon. The mark strengthened to around 2.3845/55 to the dollar In early currency trading here from Friday's 2.3915/25 close following the weekend davaluatlon within the European joint float of three Scandinavian currencies, dealers said. The guilder and Swiss franc also appreciated to around 2.4860/75 and 2.5390/5410 respectively as
      271 words
    • Article
      Hongkong
      246 8 HONGKONG, Mon. The US dollar recovered its early losses against the mark, but fell further against the yen in fairly active trading, dealers said. The US unit was quoted at 2.3840/50 marks in afternoon trading, compared with the 2.3826/44 New York close, after falling to around the 2.38 level
      246 words
    • Article
      Australia/NZ
      52 8 Australia/ NZ exchanges quoted on April 4 Australia: Sterling 0.6457/ 0.6387 US dlr 1.1068/ 1.1020 Ninety-day forward buying rates: Sterling 0.6679 US dlrs 1.1321 Ninety-day air mall buying rates: Sterling 0.6462 US dlrs 1.0958 New Zealand: Sterling 0.5593/ 0.5562 US dlr 0.9644/ 0.9564 Ninety-day forward rate: Sterling 0.5824 US
      52 words
    • Article
      Minimum lending rates (in %)
      64 8 Minimum lending rates (in ACBC 6'« First Chicago 6'« Algemene Bank 6* Citibank 6'« Bangkok Bank 7 HSBC 7 Bank of America Indosuez 6*. Bank of China 7 Malayan Banking 6*« 1 Bank of Tokyo 6V. Mitsui Bank 6'. Bank Negara OCBC 6'. Indonesia 7 OUB 6 V, Chartered Bank
      64 words
    • Article
      Tokyo
      261 8 TOKYO. Mon. The yen strengthened sharply on the local foreign exchange market, closft.g at 274 to the dollar for overnight delivery with the Bank of Japan buying an estimated $50 million in an attempt to curb the Japanese currency's appreciation, dealers said. The yen had opened tojgy at 275.60
      261 words
    • Article
      Euro $ rates
      79 8 Euro rates LONDON Eurodeposlts opening quotes on April 4 US dollars: Overnight five 4 7/8 Tues/Wed five 4 7/8 Call two days five 4 7/8 Seven days fix and notice five 4 7/8 One mth 5 1/4 5 1/8 Two mths 5 1/8 five Three mths 5 1/4 5 1/8
      79 words
    • Article
      Lock icon KL Treasury bill rate
      43 8 Reuter KUALA LUMPUR, Mon. Bank Negara said It awarded MS4O million of 91days bills at an average of 3.117 per cent (3.121 per cent) and $30 million of 182days bills at 3.870 per cent (3 899 per cent).— Reuter
      Reuter  -  43 words
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      Page 8 Advertisements Column 1
      502 8 THESE ARE THE BOOKS THAT HITLER BURNED if; r ///i 111 //llllllttWY rrilßlT—' —5= i= b i- "3a? I "F --l-e E. L.^ 'isttfllaPlSiili *2® 5 8 asSllS.lilf.iJiffigi a M g y. i"l r4H§!' ss a# a» «s tsa t. THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books
      502 words
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  • TRANSPORT and COMMUNICATIONS
    • Article
      Lock icon 'Black star' areas of world's airports
      662 9 UPI WASHINGTON. Mon. Hazards ranging from kangaroos and people on the runway to inadequate flreflghting equipment and unsafe procedures have prompted airline pilots to call 26 of the world's major airports "black star" danger areas. They include seven in Colombia, four in US territory,
      UPI  -  662 words
    • Article
      Lock icon Big demand for the Honda Accord in the United States
      811 9 NYT DETROIT, Mon. Dub Harris didn't let slip the opportunity to make his pitch even as he ate a lunch of carry-out fried chicken at his desk at Westwood Motors just outside Detroit, where he sells Honda cars. Great car,
      NYT  -  811 words
    • Article
      Lock icon Foreign cars more advanced than those in Detroit...
      632 9 NYT DETROIT. Mon. Foreign car makers have outraced Detroit to the marketplace with a number of technological improvements in recent years. Disc brakes, radial tyres, fuel injection, diesels, stratified charge engines and now the three-way catalyst for pollution control have all been
      NYT  -  632 words
    • Article, Illustration
      IN PORT
      422 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Gelang (0800) 19 Eastern Sea (Tanker) (0200) 42 43 Fairstar (0900 46 Floret (SLKZ) (0900 after Allied Pioneer) 45 King River (0t>00) 23 Kostrena (1100 D/L) 35 36 Nagoya Maru (JCCT) (after Bunga Gelang sails) 19 Palm Sea Horse (Tanker) (0600 P
      422 words
    • Article
      Lock icon EEC URGED: ADOPT FREE MARKET SHIPPING POLICY
      257 9 Reuter LONDON. Mon. The EEC should adopt a shipping policy which would promote a free market environment for shipping over as much of tiie world as possible, Mr Denis Brown, executive director of P and O Stream Navigation told the Seatrade Conference Money
      Reuter  -  257 words
    • Article
      Lock icon Australia breaks Japanese code
      195 9 AP NKW VOKK. Mon. A former Australian diplomat claims that Ihe Australian (iovernment has broken the Japanese diplomatic code and has capitalised on the information thus obtained in its trade negotiations with Tokyo. Newsweek said yesterday. Newsweek said Mr. (iregory (lark makes the claim in a
      AP  -  195 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      570 9 ARRIVALS Service Operator Number Local Time From CAL TMA CI331 IL303B 0040 0215 TPE/HKG/KUL BEY/DXB/ BOM/KUL MAS SIA GIA MH682 SQ211 GA980 0810 1015 1030 KCH HLP HLP GIA SIA RBA GA908 SQ240 BI325 1100 1140 1155 MES MES BWN SIA MAS GIA SQ201 MH6.4 GA944 1200
      570 words
    • Article
      Lock icon Pakistan and Afghanistan resume air links
      139 9 UPI ISLAMABAD. Mon. Air links between Pakistan and neighbouring Afghanistan. severed in 1974. were restored yesterday with the announcement that national airlines of the neighbouring countries would resume regular flights. Pakistan International Airlines (PIA) made its first flight yesterday from Peshawar to Kabul and
      UPI  -  139 words
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      Page 9 Advertisements Column 1
      203 9 Have you iSot your copy of die 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 1 DIRECTORY or J& 'Or 5? W l —r It's the 1976/77 "Red Book" the office/library
      203 words
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  • Article, Illustration
    Lock icon Takeovers: Revival of a dubious fashion
    1768 10  -  By GEOFFREY OWEN FT TAKEOVER activity has revived remarkably In the past few months and the pace seems to be accelerating. Last month Pllklngton, BAT Industries, and Babcock and Wilcox announced bids worth a total of more than £30m. Although the results of the
    FT; Source: The Evolution of Firms in Britain by S J Prais  -  1,768 words
  • Article
    Lock icon The $240 m thriller
    1099 10  -  A £60 million (Ss24o million) banking collapse in which more than £30 million (Ssl2o million) vanished is still being unravelled. For the creditors at the losing end of the disappearing £30 million, the working-out of the mystery holds a particular fascination. in LONDON 1 -By MARGARET
    FT  -  1,099 words
  • Article
    Lock icon Keeping secrets from the communists...
    591 10  -  By BARRY JAMES UPI DESPITE further leftwing gains in French municipal elections, the North Atlantic Treaty Organisation is no closer to a solution of its most difficult internal political question: How to keep its secrets away from the communists. The possibility of communists taking over
    UPI  -  591 words
  • Article, Illustration
    Singapore will have second aquatic centre
    919 10  -  By RONNIE LIM ONG LECK KEONG BEFORE "Big Splash", a water amusement complex on the East Coast, Is even operating, its developers. Goldhill Properties, are In the process of setting up yet another such project in Jurong. Jointly with Japanese partners. The move is
    919 words
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      Page 10 Advertisements Column 1
      360 10 Good reading on I I from Penguin China the most populous nation in the world. Fast emerging as a major power in world politics. Isolated from the rest of the world for over two decades, world attention has nevertheless turned to this most enigmatic of nations time and again. Starting
      360 words
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  • Article
    KL phone facility zeroes in on malicious callers
    235 11 KUALA LUMPUR. Mon. The MS22 million Bintang Automatic Telephone Exchange in Jalan Bukit Bintang, opened today by Communications Minister Tan Sri Manickavasagam, will offer two new subscriber facilities the Malicious Call Tracing and Absent Subscriber services. Telecom's directorgeneral, Haji Mohamed Hassan bin
    235 words
  • Article
    Lock icon Japan's letters of credit exports rise
    179 11 Reuter TOKYO. Mon. Japan's export letters of credit received in March rose 8.8 per cent to U554.77 billion (SSI 1.8 billion) from $4.39 billion in March last year, the Finance Ministry said. The year-on-year rise was down from 14 per cent in February. The
    Reuter  -  179 words
  • Article
    Lock icon One vital seat short
    83 11 UPI SUVA (Fiji). Mon. The National Federation Party today won 26 seats in Fiji's second general election while the popular Alliance Party won 24. The leader of the new Fijian Nationalist Party (FNP). Mr. Sakeasi Butadroka, the only member of the party to win a seat,
    UPI  -  83 words
  • Article
    Lock icon Visa given, Sonoda is off to Moscow
    448 11 AFTER AN EMBARASSING DELAY UPI TOKYO, Mon. After an embarrassing two-day delay, the Soviet Union today Issued a visa to a top aide of Japanese Premier Takeo Fukuda to go to Moscow to settle the deadlocked Japan-Soviet fishery negotiations. News of the granting
    UPI  -  448 words
  • Article
    Lock icon Carter must take first step to undo the damage
    349 11 NYT. Reuter MOSCOW, Mon. The Kremlin has signalled that it expects President Carter's administration to take the ini'iative in repairing the damage done to the SovietAmerican relations by the failure of last week's talks on strategic arms control in Moscow. "The
    NYT.; Reuter  -  349 words
  • Article
    Lock icon Japanese, Chinese reach accord on long-term trade
    381 11 Reuter TOKYO. Mon. A mission of the Federation of Economic Organisations (Keidanren) currently visiting China reached a broad accord with Chinese leaders on a long-term trade agreement to import Chinese crude oil and steaming coal in exchange for a wide range of Japanese
    Reuter  -  381 words
  • Article
    Lock icon First surplus in four years
    183 11 UPI SEOUL. Mon. The Finance Ministry today announced South Korea's first surplus of US$3B5 million (***** million) in its current accounts in four years during the first quarter of this year. The period was marked I by brisk exports and stabilised imports, and the Ministry
    UPI  -  183 words
  • Article
    Lock icon Taiwan is a model of income distribution
    693 11 NYT TAIPEH: When Amy Hsu fuushed junior high school five years ago. she went to work in one of the many electronics factories that have sprung up in Taiwan, contributing to the island's cheap labour. She lived frugally in the factory dormitory and
    NYT  -  693 words
  • Article
    Top ITB trainees to get awards
    146 11 EIGHTY-four trainees will receive prizes at the ITB trade graduation ceremony tomorrow. Among them will be the three most outstanding trainees from the board's national trade certificate grade 3 (NTC3) courses. The Minister for Labour, Mr Ong Pang Boon, will present the prizes to
    146 words
  • Article
    Lock icon S. Korea urges Tokyo to ratify mineral pact
    236 11 UPI TOKYO.. Mon. South Korean Deputy Premier Mr. Nam Duck-Woo today called for early Japanese ratification of a bilateral agreement to jointly develop mineral resources on the continental shelf lying between the two nations. He also asked for Japan's help in realizing
    UPI  -  236 words
  • Article
    Lock icon Thai sugar sale lower
    56 11 Reuter BANGKOK, Mon. Thailand exported 108,325 tonnes of raw sugar valued at US$2B.2 million (5569.4 million) in March this year, compared with 124.725 tonnes worth $35.7 million In March last year, trade sources said. This brought raw sugar exports In the first three months of 1977
    Reuter  -  56 words
  • Article, Illustration
    Lock icon Sadat likely to have his wishes granted
    585 11 Reuter WASHINGTON. Mon. Egyptian President Anwar Sadat begins talks with President Carter today seeking three things: Economic aid, military supplies and clarification of recent US remarks about the Middle East. The Indications are that he will receive all three. The Egyptian leader arrived
    Reuter; Source: UPI photo  -  585 words
  • Article
    Lock icon Relief as Carter rejects curb on shoe imports
    225 11 UPI TAIPEH, Mon. Government officials and shoe exporters expressed relief over President Jimmy Carter's rejection on Friday of proposed US import restrictions on footwear from Taiwan and other countries, a Government spokesman said today. Taiwan's Economics Minister Y.S. Sun said the Government
    UPI  -  225 words
  • Article
    Lock icon $4b building plan
    65 11 Reuter TAIPEH, Mon. Taiwan will spend 46.46 billion new Taiwan dollars (554.2 billion) on a construction programme this year, the Central News Agency reported. This was stated by the Governor of Taiwan Shieh Tung-min. at a meeting of the Provincial Assembly, the agency said. Mr. Shieh said
    Reuter  -  65 words
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      Page 11 Advertisements Column 1
      416 11 APPOINTMENTS USA MARKETING MANAGER We are in search of a hiah calibre and dynamic person for the position of MARKETING MANAGER to be located in Singapore. Applicants should preferably be Electrical Engineering graduates with a minimum of 3 years experience in the sales, market development and distribution of low voltage
      416 words
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      Page 11 Advertisements Column 2
      245 11 F.E.ZUELLIG (TRADING) PTE LTD ZUELLIG ENGINEERING require immediately SALES ENGINEER Singapore based) ror 'SrPetibow Generating Sets Range: 25 3,000 KVA Requirements:— Applicants must be citizens with engineering background. Aged between 25 and 30 years. At least 3 years experience in sales with 2 years experience in the generating set business.
      245 words
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  • Article
    2 take lion's share of investment
    509 12 METAL ENGINEERING AND ELECTRICAL TWO industry groups, metal engineering and electrical/ electronic industries, were recipients of more than 75 per cent of last year's manufacturing investment commitments totalling $364 million. The commitments in new fixed capital expenditure involved 152 new and expansion projects. Of
    509 words
  • Article
    Lock icon First surplus for Burma in more than a decade
    747 12 Reuter RANGOON. Mon. The streamlining of Burma's state enterprises and a restructuring of the tax system have changed an expected budget deficit into a 159 million kyat (Ssso million) surplus for the fiscal year ended March 31. This is the first
    Reuter  -  747 words
  • Article
    Lock icon Major decisions expected soon in Peking
    244 12 Reuter HONGKONG, Mon. The Chinese Communist Party Central Committee is believed to be meeting to discuss a series of major issues, including the reinstatement of former Vice-Premier Teng Hsiaoping who was ousted almost a year ago, the South China Morning Post said today. Quoting
    Reuter  -  244 words
  • Article
    GEM-MAKING -WE CAN CUT IN TOO
    694 12 SINQAPOREANS can be trained In the art of Jewel-lery-making and gem-stone-cutting on a mass production scale, as has been demonstrated by a firm of Hongkong jewellers. Singapore Gems and Metals has been operating In Singapore for Just four years and already, the operations of
    694 words
  • Article
    Industries key to Asean growth
    200 12 ASEAN countries will have to place high priority on industrialisation to maintain high economic growth rates, even if they are primarily agricultural countries at present. And Singapore, in the long run, would suffer from labour shortage, for the four per cent unemployment rate at present
    200 words
  • Article
    Lock icon Gas plant razed
    71 12 Reuter DOHA. Mon. At least five people were killed and many injured In a huge fire which last night completely destroyed Qatar's new t'2s million (Sslos million) natural gas plant at Umm Said, 50 km south of here, authoritative sources said today. Fire tenders and ambulances from
    Reuter  -  71 words
  • Article
    Lock icon S'pore will be springboard for Japanese in S-EA
    982 12  -  By DAVID ANDELMAN NYT JAPAN Inc. is coming to South-east Asia. In Europe and the United States, doors have been slamming against the entry of Japanese products. But the situation Is different here, from the communist states of Indochina down through Thailand.
    NYT  -  982 words
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    Lock icon Moro still undecided on self-rule offer
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