The Business Times, 12 April 1977
1977-04-12
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12
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The Business Times
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Title Section10 1977-04-12 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, APRIL 12, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article80 1977-04-12 1 AP NICOSIA, Mon. Kuwait's Minister of Finance said his country will cut its economic development plan because Western firms doing business in the Persian Gulf are asking too much money to perform the work, the Middle East Economic Survey reported today. Mr. Abdul Rahman Atiqi alsoAP - 80 words
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Article45 1977-04-12 1 UPI TOKYO, Mon. California Governor Edmund Brown left Tokyo today for home "confident" that three Japanese car makers have been made aware of California's interest in having them locate assembly plants in the state. They are Nissan. Toyota and Honda motor companies. UPIUPI - 45 words
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Article35 1977-04-12 1 Reuter SEOUL, Mon. Construction Minister Sin Hyoong-sik left here today to visit Saudi Arabia. Kuwait, Bahrain and Malaysia to look into possibilities of increasing South Korean construction works in these countries. ReuterReuter - 35 words
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Article57 1977-04-12 1 Sino US talks Reuter PEKING, Mon. An American congressional delegation, accompanied by President Carter's son Chip, opened talks today with Chinese Foreign Minister Huang Hua, US sources said. The talks, which took place in Peking's luxurious Number Three guesthouse, are understood to have concentrated on Sino-American relations but also coveredReuter - 57 words
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Article44 1977-04-12 1 Reuter TOKYO. Mon. Mr. Tadashi Kuranari, director general of the Economic Plannine Agency, will leave here on April 19 for Bangkok to attend a meeting of the Economic and Social Commission for Asia and the Pacific (Escap), it was announced today. ReuterReuter - 44 words
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Article66 1977-04-12 1 AP TOKYO, Mon. All Nippon Airways (ANA), a company implicated in Japan's Lockheed payoffs scandal, today denied that problems with its income taxes stemmed from questionable money" received from Boeing, another US aircraft maker. Commenting on press reports, ANA officials said the airline submitted a revised incomeAP - 66 words
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Article74 1977-04-12 1 UPI SEOUL, Mon. Assistant US Secretary of State for East Asian and Pacific Affairs Richard Holbrook said today formal talks between Washington and Seoul on the planned American troops withdrawal from South Korea would start "near the middle of the year." Details of the troop withdrawal haveUPI - 74 words
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Article41 1977-04-12 1 UPI NEW YORK, Mon Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 indus 922.83, up 3.95; 20 trans 225.60, up 1.60; 15 utils 107.07, unch; 65 stocks 305.31. up 1.26; UPIUPI - 41 words
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Chief Price Changes
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Article, Illustration177 1977-04-12 1 Rises Most active Shell 368 Tong Menu 38 RSembawang 213 C Sugars 139 H K I and 380 Sime Darb\ 316 I'OB 308 Times Pub 306 +22 +7V* +3 +3 2 +2 +2 +2 Sime Darby 154.000 C Sugars 53,000 Haw Par 51.000 Sea View 47,000 Total177 words
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Article114 1977-04-12 1 Falls Most active OC.BC. $6 75 D Kermat S6 15 M Tobacco $5.15 Raleigh $188 M. Banking $5 65 M U.Ind $107 TalplngText $0 73 Text Corp $0 66 Pacific Dev $0.68 M Glass $106 Olympic $0 98 Rises Benta $2 26 C Sugars $139 Shell $3.70114 words
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398 1977-04-12 1 KUALA LUMPUR, Mon. The Cabinet is expected to take a decision this week on the long-awaited price adjustments on a number of petroleum products. The Cabinet Committee on Investment, headed by the Deputy Prime Minister, Dr. Mahathir Mohamed, is understood to have398 words
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652 1977-04-12 1 COLIN CHEE - Yen may touch 270-mark against today NO INTERVENTION PLEDGE By COLIN CHEE LOCAL dealers expect that the Japanese yen will touch the 270-mark today against the US dollar, following yesterday's three-year low of 271.65. Opening at 273-level yesterday morning, the yen rose by more than 100 points under strong speculative652 words
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146 1977-04-12 1 THE Singapore Manufacturers Association has called for the setting up of a trade development council to promote Singapore-made i products overseas. The SMA also called upon the Government to consider granting double tax deductions for manufacturers who travel abroad to tie up146 words
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282 1977-04-12 1 TRADING in government bonds was broken into smaller lotsyesterdayinllne with the cut in brokerage rates. The Immediate result is ;i generally active market. The board lot for trading in Government bonds has been reduced from $1 million to $250,000. This was agreed by market282 words
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460 1977-04-12 1 AFTER a five-year interruption, Robinson's departmental store will resume Its century old association with Raifles Place by opening a new store in Clifford Centre. To be called Robinson's Downtown Store, the facility will open for business on July 1 on the lower460 words
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434 1977-04-12 1 SING-THAI Grains, the $1 million Joint venture between Singapore and Thailand, gets off the ground next week with the signing of official agreements between the two partners In Bangkok. Mr. Cheng Tong Fatt, permanent secretary. Ministry of National Development and chairman of the Primary Industries Enterprises,434 words
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325 1977-04-12 1 HAW PAR (London) Ltd yesterday announced an almost 75 per cent fall in pre-tax profit from £393,425 (SSI.6 million) earned in 1975 to £99,072 last year. The results of the two periods are not comparable, however, since last year's profits no325 words
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427 1977-04-12 1 LEGAL, financial and tax experts are now pondering the best method of transferring the domicile of the giant Slme Darby group from London to Malaysia. The decision to make the move has not as yet been taken but the board of directors427 words
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107 1977-04-12 1 Reuter LONDON. Mon. British Foreign Secretary Dr. David Owen in a radio interview broadcast here today again opposed economic sanctions against South Africa. "I don't think that economic sanctions will achieve the change of attitudes which have got to take place," he said In aReuter - 107 words
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Article56 1977-04-12 1 UPI TOKYO, Mon. Japan's import contracts licensed in March totalled U556,664 billion (Ssl6 billion), up 18.3 per cent over the same month last year. The ministry said this brought total imports for fiscal 1976. which ended on March 31. to $70.94 billion, a rise of 17.8 perUPI - 56 words
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Page 1 Advertisements
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Advertisement67 1977-04-12 1 U-BIX COMPLETE COPYING SYSTEM APS ELECTRONICS (PRIVATE) LIMITED S>r>eaoo» Tei *****215 L>nwi APS ELECTRONICS (M) SON BHD KUALAIUMPUB Tel *****2 ***** INSIDE Overseas News/TV Overseas Stocks P 7 Kadio P 2 Commodities P 8 Overseas News/ Transport A CoramuniFeatures P 3 cations P 9 Local Co News P 4 Features67 words
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Advertisement26 1977-04-12 1 f mm lltlife c.%1 m mi sMvj M ML* < vt l i" ili p#pas fcv c .«v'-. T/v i f:xrVvV' mWv s f-r.i-LXiri.;.y,. t -/-.v., A26 words
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Advertisement262 1977-04-12 1 Rolex keeps on keeping perfect time Eastern Watch Co. and Branches 285. South Bridge Road. Tel: 78 877. 79 074 LOOKING FOR OFFICE SUITES? Call ***** or *****6 We have a wide variety of office accommodation to suit your taste and your pocket. Both within the Central Business District and262 words
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OVERSEAS
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432 1977-04-12 2 NYT WASHINGTON, Mon. Carter Administration officials report that former President Richard Nixon told Chinese leaders In 1972 that he strongly desired to normalise relations with Peking and intended to do so In his second term If he was re-elected that November. The Nixon pledge, unknownNYT - 432 words
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Article63 1977-04-12 2 AP KUWAIT, Mon. The Kuwait Fund for Arab Economic Development loaned Indonesia US$3l million (Ss76 million) yesterday to help finance electricity projects in Bandung, the fund reported. The loan carries a 3.5 per cent annual Interest plus 0.5 per cent In annual administrative fees and isAP - 63 words
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Article, Illustration327 1977-04-12 2 UPI TEL AVIV, Mon. Defence Minister Shimon Peres faced his first challenge as the ruling Labour Party's candidate for Prime Minister today with the threatened walkout by a dovish coalition partner because of its opposition to his hawkish stance. The leftlsh partner, Aapam, scheduled a meetingUPI - 327 words
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155 1977-04-12 2 Reuter NEW YORK, Mon. Former US Senate majority leader Mike Mansfield advocates giving Japan a permanent seat on the United Nations Security Council, Time Magazine said. Mr. Mansfield, who has been named the next US ambassador to Japan, said in an interview in theReuter - 155 words
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501 1977-04-12 2 UPI WASHINGTON, Mon. A number of arms control experts predict that US and Soviet negotiators won't make much progress when they resume strategic arms talks in May, despite the conciliatory words now flowing between Washington and Moscow. The consensus among these specialistsUPI - 501 words
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90 1977-04-12 2 UPI NEW YORK. Mon. Cuban Defence Minister Raul Castro says the United States trade embargo against his country Is "like a knife at your throat" and Is blocking US-Cuba diplomatic talks. Representative Les Aspin, Democrat- Wisconsin, said yesterday. He said in a telephoneUPI - 90 words
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Article189 1977-04-12 2 CALHOUN, (Georgia), Mon. President Carter said yesterday that he had Informed the Soviet Embassy that the United States would no longer continue to release Russaln trawlers seized in US waters. Mr. Carter was asked about the seizure of a Russian trawler off the New tngiand189 words
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395 1977-04-12 2 UPI ROME: Mon. Italy's Communists are moving to consolidate their already strong voice in the nation's governing councils with a political offer the Washington-backed Christian Democrats are finding increasingly difficult to refuse. If successful, the communist manoeuvre would put the Party and itsUPI - 395 words
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404 1977-04-12 3 NYT DETROIT, Mon. Despite Its arguments that It has not misled or cheated its customers, the General Motors Corp. is being hit by a series of legal actions over the discovery that it has allowed engines made by various GM divisions toNYT - 404 words
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Article, Illustration835 1977-04-12 3 WASHINGTON, Monday NYT THE Carter Administration plans to publish In a few days an antl-lnflatlon programme with modest goals for gradually slowing the rate of price and wage Increases and playing down visible government intervention In wage and price decisions. No grandstanding,NYT - 835 words
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Article175 1977-04-12 3 UPI TOKYO, Mon. Japan's plant exports have been in- creased favourably recently and will total more than US$lO billion (Ss24 billion) this year, a Japanese financial dally said today. The Nlhon Kelzal Shimbun said Japanese plant exports totalled US$7.5 to US$B billion last year, an yearlyUPI - 175 words
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Article29 1977-04-12 3 Reuter LIMA, Mon. The United States dollar was quoted on Friday, at 74.92 sols per unit, compared to 74.64 sols previously, a central bank spokesman said. Reuter>Reuter - 29 words
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519 1977-04-12 3 Burma chalks up a $48 mil budget surplus first time in a decade Reuter RANGOON, Mon. Burma Is congratulating Itself on a financial performance which changed an expected budget deficit to 803 million kyat (Ss24o million) into a surplus of 159 million kyat (Ss4B million) for the fiscal year whichReuter - 519 words
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925 1977-04-12 3 ALAN RIDING - At last, the Mexicans are admitting they have struck it very rich. But nobody is quite sure at the moment I what this will do to relations with the Americans next door. -By ALAN RIDING FT AT a time of deep economic crisis, theFT - 925 words
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264 1977-04-12 3 AP ABU DHABI, Mon. Abu Dhabi is planning to spend US$B.7 billion (5521.7 billion) over the next three year* to achieve a 13.5 per cent annual growth rate, a government Planning Department report tayi. The plan, the first everAP - 264 words
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Article45 1977-04-12 3 Reuter TAIPEH, Mon. Taiwan's trade surplus narrowed to US$3O million in first quarter 1977 from US$66 million in the same 1976 period, the Central News Agency said. Exports rose to US$l.B4 billion from US$l.74 billion and Imports to US$l.Bl billion from US$l.6B billion.Reuter - 45 words
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1080 1977-04-12 3 Reuter BUENOS AIRES, Mon. Argentina's military rulers have begun selling off the state's share In hundreds of national companies in an effort to trim a multi-mil-lion dollar budget deficit. Subsidies to companies which were losing money have been costing the government hundreds ofReuter - 1,080 words
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Page 2 Advertisements
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Advertisement282 1977-04-12 2 Business Times 111n iW£ a money-saving bonus offer for all their advertisers Effective from now to September 30,1977 We have great news for all advertisers: From now to September 30, 1977, Business Times will offer advertisers a FREE additional insertion for every two insertions appearing in the newspaper during this282 words
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Page 2 Miscellaneous
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Miscellaneous6 1977-04-12 2 "pJ'QL NOT uSuPiULV RSTRLL PIS-^RT 3£2yEQ|6 words
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Miscellaneous306 1977-04-12 2 I THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on April 11 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 3.00 P.M. Opening306 words
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Page 3 Advertisements
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Advertisement154 1977-04-12 3 7TT 5^ a*. K5 S I H i. > t— II fe i-'K l£ i if 3 9S». O A X* M f.r 5C fjv r AV 3S t ft 4. /V Ml r ftMEW r** t&t T'JS 'A 4 r t j rJ% m +> f <^M-> w. o154 words
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COMPANY NEWS
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1029 1977-04-12 4 A STRONG second half- < year, which featured in- I creased rubber production coupled with higher rubber 1 price, have enabled Kempas i (Malaya) to arrest the earn- I ings decline suffered since i 1975. According to its latest i preliminary figures, It helped1,029 words
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Article199 1977-04-12 4 UNITED ENGINEERS Unaudited group pre-tax profit $9.52 million ($12.82 million) on turnover $80.35 million ($89.16 million) for the year ended Dec 31, 1976. Tax $3.26 million ($4.47 million) leaving after-tax profit at $6.27 million ($8.35 million). Parent company pre-tax profit $8.64 million ($10.64 million). Tax $2.85 million ($3.71199 words
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202 1977-04-12 4 ALTHOUGH it ceased operations In March 1976, Singapore Eldai Corporation has incurred more losses in the first half of the current year ending June 30, 1977. According to its latest interim report, the group made a net loss of $1.82 million on a revenue202 words
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348 1977-04-12 4 IN CONTRAST to < yesteryear's outcry that hotels in Singapore were going through a lean time, leading hoteliers in the Republic today are generally optimistic of tapping a bigger share of the International tourist dollar. And although competition In the local hotel business remains razor348 words
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Article219 1977-04-12 4 STANDARD Chartered Bank, London, has appointed Mr. Peter A Graham as managing director following Mr. Ronald A. S. Lane's retirement. Mr. Graham formerly deputy managing director Joined the bank In 1947 and has served In branches throughout the Far East. In addition to his banking duties, he219 words
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Article1656 1977-04-12 4 MOVE TO WITHDRAW AGENCY SANYO Industries Malay- l sla has reached the cross- l roads. With a brand name probably second only to Matsushita's National In Malaysia's electrical domestic appliance market and a determination to forge ahead, It recently took the major step of withdrawing Its1,656 words
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COMPANY MEETINGS
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Article23 1977-04-12 4 THE following company meetings are due. Apr 14, 11 a.m., 3rd Floor, Bangunan MBSB. 13/15 Leblh Ampang, Kuala Lumpur.23 words
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Article14 1977-04-12 4 Apr 15, 10 a.m., 45 Spottlswoode Park Road, Singapore 2.14 words
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Article18 1977-04-12 4 Apr 15, 10 a.m.. Bangkok Bank Building, 105 Jalan Bandar. 6th Floor, Kuala Lumpur.18 words
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20 1977-04-12 4 Apr 15, 12 noon. Registered Office, at Pantal Kundor, 9th mile, Tanjong Kllng, Malacca.20 words
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Article13 1977-04-12 4 Apr 19, 3.30 p.m., Ladang Perusahaan Shah Alam. Selangor.13 words
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Article15 1977-04-12 4 Apr 20, 11 30 a.m., 4th mile stone, Jalan Merslng, Kluang, Johore.15 words
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Article15 1977-04-12 4 Apr 27, 9.30 a.m., Registered Office, 16 Jalan Tangsl. Kuala Lumpur.15 words
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Article15 1977-04-12 4 Apr 28, 12 noon, Registered Office, Chartered Bank Chambers, Beach Street, Penan*.15 words
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Article643 1977-04-12 4 Current payment Ex Date Date payable Total for the year Total for prev ious year Prima 20%C Mar 15 M.B.S. 15% Mar 4 Olympia Plywood 6%TE Mar 29 Hume (F.E.) 5%I Mar 22 Batu Lin tang 5%I Mar 29 Austral Enterp. 20%I Mar 31 Talam Mines 5%I Mar643 words
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Article410 1977-04-12 4 CENTRAL Securities' proposed acquisition of a 40.5 per cent stake in Calibre Packaging Aids, UK. will enable the Malaysian group to gain access to the European and UK markets. Replying to queries from the Kuala Lumpur Stock Exchange, the company says the acquisition which was410 words
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1160 1977-04-12 4 JERRY FLINT - By: JERRY FLINT NYT i THERE'S a little factory In St. Paul that may be unique In the annals of manufac- turing. It's not the product —this i Control Data plant merely produces manuals for the company and a few outside customers. What's differentNYT - 1,160 words
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Article163 1977-04-12 4 Reuter AL-AIN (Abu Dhabi), Mon. The US flrmss Bechtel Corp and Fluor Corp were awarded contracts to carry out the major part of a US$l billion ($2.5 billion) scheme to tap and liquefy gas from Abu Dhabi's onshore oilfields, a statement by the state-owned Abu DhabiReuter - 163 words
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Page 4 Advertisements
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Advertisement81 1977-04-12 4 Asean Business Quarterly A 72-page quarterly magazine, with no advertisements, costing Sslo (US$4). It includes trends, up-to-date statistics (200 tables) and comment as a guide to financiers, investors, shippers and traders with interests in ASEAN countries. Write for a 1 6-page illustrated booklet free of charge. I Asia Research Pte.81 words
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INTERNATIONAL COMPANY NEWS
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Article307 1977-04-12 5 Reuter NEW YORK, Mon. US corporate profit reached record levels in 1976, but "real" earnings for the year were below those recorded before the 1973-75 recession, Citibank said In Its annual survey of corporate earnings. The survey shows 3,381 corporations had total profit in 1976Reuter - 307 words
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Article132 1977-04-12 5 Reuter SAN FRANCISCO, Mon. Minnesota Mining and MFO expects good increases in sales and continued Improvement in profit margins for the first quarter and all of 1977, chairman Mr. Raymond H. Herzog told security analysts. He said his forecast Is based primarily on higher unit growth, ImprovedReuter - 132 words
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Article541 1977-04-12 5 NYT. NEW YORK, Mon. Against a backdrop of all the recent adverse publicity about business activity, the corporate rite of spring, the annual meeting, promises to produce numerons probing questions from stockholders. Last week, Peat, Marwlck, Mitchell Co., one of the nation's major accounting firms, mailed out aNYT. - 541 words
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Briefly
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Article72 1977-04-12 5 MANILA. Mon. The Manila stock exchanges said they cut daily trading to three hours from four and will close at noon until May 31 to save energy during the height of the summer season. Early closing Is expected to reduce use of alr-con-ditlonlng in the energy short Philippines, dealers72 words
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Article76 1977-04-12 5 TOKYO. Mon. Nissan Motor said it will market newly developed high-speed shuttleless weaving machines. called Nissan Jet loom air type, from this autumn, with a weaving speed three times faster than conventional shuttletype looms. Nissan has developed the loom under licence from Czechoslovakia's Zbrojovka Vsetln, and Initial production will76 words
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Article81 1977-04-12 5 NEW YORK, Mon. Sucrest Is still negotiating the sale of its sweetener division to a domestic firm, acting chief executive Mr. Robert Simons told Reuter. Last Thursday, the Philippines Dally Express In Manila said the Government-owned Philippines Exchange Corp (Phllex) offered to buy Sucrest's sweetener division. Mr. Simons said81 words
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Article74 1977-04-12 5 PARIS, Mon. Poclain said it plans to increase capital to 157.38 million francs from 94.48 million francs to give J.I. Case of the US a 40 per cent holding. Case, a wholly- owned subsidiary of the Tenneco group, will acquire the new shares under an agreement approved by the74 words
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Article62 1977-04-12 5 MINNEAPOLIS, Mon. Honeywell said it reached agreement with Asahl Optical of Japan and Asahl's Pentax subsidiary to transfer US distribution of all Pentax photographic products from Honeywell to Pentax on July 1. Pentax will purchase Honeywell's Inventory of Pentax cameras, lenses and associated products plus assets related to servicing62 words
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Article63 1977-04-12 5 TOKYO, Mon. Nippon Kokan Kalsha (NKK) said it has signed a three billion yen contract with the Indian Petroleum Corporation for the construction of an undersea oil pipeline and the Installation of buoys in the Gulf of Kutch. The construction work, to be completed In 13 months, Is part63 words
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Article39 1977-04-12 5 NEW YORK. Mon. W.R. Grace said Its directors have voted to Increase the quarterly dividend to 45 US cents from 42V» cents. It will be paid on June 10 to shareholders on its records on May 11.39 words
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243 1977-04-12 5 Reuter TOKYO. Mon. The Japanese Cabinet approved a draft bill to amend the antl monopoly law, which will give the fair trade commission power to breakup monopolies, the Ministry of International Trade and Industry said. The draft bill, to be submitted to the Diet this week,Reuter - 243 words
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Article96 1977-04-12 5 LONDON. Mon. Group pre-tax profit at Taylor Woodrow rose by a hefty 42.2 per cent to £21 million (£14.77 million) for the year ended Dec 31, 1976 The figures include associate companies pretax profit of £2.38 million (£1.92 million). Revenue advanced from £330 million to £413 million.96 words
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Article219 1977-04-12 5 Reuter FINDLAY, Ohio, Mon. Pan Ocean Oil, a whollyowned unit of Martathon Oil, said it Is plugging and abandoning its British North Sea Brae field well 16/7-7. The well was drilled by the semi-submersible rig "Atlantic 1" as a delineation stepout three km northReuter - 219 words
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162 1977-04-12 5 PHILADELPHIA, Mon. —Atlantic Richfield plans capital expenditures of US$ll billion over the next five years, executive vice president Mr. Joseph P. Downer told analysts here. The company spent $1.8 billion last year and will spend about the same amount this year, he said. Of162 words
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Article138 1977-04-12 5 Reuter LONDON, Mon. Midland International Financial Services, a finance subsidiary of Midland Bank said It plans to offer US$5O million of guaranteed floating rate notes in the Eurobond market due 1987. The notes, unconditionally guaranteed on a subordinated basis by Midland Bank will carry Interest payableReuter - 138 words
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244 1977-04-12 5 Reuter BURBANK, Mon. —Lockheed Aircraft's outside auditors said uncertainties involving certain Trlstar-related obligations were substantially diminished in 1976. The auditors, Arthur Young and Co, said they have therefore removed their qualification on this matter for the company's 1976 financial results. Young did not specify what obligationsReuter - 244 words
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Article1373 1977-04-12 5 GEORGE VOLSKY: Miami - FERRES FLORIDA EMPIRE By GEORGE VOLSKY: Miami NYT THE future could not have looked brighter for Mr. Jose Ferre and his son Maurice A. Ferre and for their small but growing collection of Florida-based companies. It was 1973 and the construction business in the sunshine stateNYT - 1,373 words
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700 1977-04-12 5 ROBERT METZ - By ROBERT METZ NYT SHARES of Sears Roebuck and Co., hit their lowest level since 1974 last Wednesday, apparently reflecting among other things fears that Sears might someday be forced to reduce holdings of its own shares in its employee pension programme. TheNYT - 700 words
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Article629 1977-04-12 5 ELIZABETH M. FOWLER - By ELIZABETH M. FOWLER NYT THROUGH an array of colourful brochures, many major corporations are asking young job hunters to focus on themselves, like a person looking into a mirror. For example, the Bank of America offers a 20-page booklet called "a guide to professional careers".NYT - 629 words
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Page 5 Advertisements
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Advertisement94 1977-04-12 5 This announcement appears as a matter ot record only (8) Hanyung Industrial Co., Lid. U5525,000,000 Medium Term Eurodollar Loan Guaranteed by THE KOREA DEVELOPMENT BANK Nrtanagedby BANK OF MONTREAL CITICORP INTERNATIONAL GROUP BANCKJE CANADIENNE NATIONALS and provided by Bank of Montreal Citibank N.A. Banque Canadienne Nationale Allgemeine Deutsche Credit-Anstatt European94 words
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Article2029 1977-04-12 6 Gr's Gr'i 1*77 Lul div Div y'M N«t Vol Day High Low Coapuy Sale ♦or- c'rr P/E <'•»> High U» SECTION ONE INDUSTRIALS 146 136 Ac ma 138 12. ON 1.1 8.6 6.9 133 127 Acma A 127 12.ON 1.1 9.4 6.4 204 204 Alcom 204 10.02,029 words
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Article1112 1977-04-12 6 810 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 Board1,112 words
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Article1187 1977-04-12 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 Aema (1.398 1.455). LaytaM <0.478). AJinamata (1.9T8 1 998). A lawn1,187 words
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Article107 1977-04-12 6 STRIKING price* of the *tock option* officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of option* traded shown in brackets. D.B.S. (June $3.90) (O OCVsS) (2) 0 09 (Sept $3.60) (0.208 0.308) (Dec $3.00) (0.308107 words
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Article145 1977-04-12 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price* for Apr 12) (Current price*) The Commerce J.74 1.84 INCOME BOND 1.04 1.10 The Saving Fund 0.90 0 95xd MARA BL'MIPUTRA FUND S'pore Pro* Fund 0.80 0.85 S pore Security Fund 1.48 1.54 Spore Invest Fund 1.04 1.10 (Manager*' price*145 words
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Article158 1977-04-12 6 B O T 8 1/2% 1981 (100,000) (103'«B 103SS) D B S 8 1/2% 1982 (100,000) (IOO'/iB 100HS) DBS Converts 6 1/2% 1991 (100,000) (98' 4 8 E I B 9%1982 (100,000) (103HB 104 HS) E 1 B 8 1/4% 1983 (100,000) (100'«B 100HS) I B J 8158 words
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Article107 1977-04-12 6 5 1/2% 15/4/78 (250,000) (101.56B) 5 1/4% 15/7/78 (1.000,000X1)101.59 5 1/4% 15/7/78 (250,000) (101.518 101.58S) 6 1/2% 15/8/78 (250.000) (103 10B) 7% 1/7/79 250,000) (104.758) 5 1/2% 1/10/77-79 (1.000,000 H1 >101.55 5 1/2% 1/10/77-79 (500.000 X 1)101.53 5 1/2% 1/10/77-79 (250,000) (101.508 101.575) 6 3/4% 15/6/80. (250,000)107 words
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Page 6 Advertisements
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Advertisement141 1977-04-12 6 found only in the 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. Fa/k Modern Business Enterprise: M.141 words
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408 1977-04-12 7 STEADIER condition! prevailed in quiet and routine trading at the Stock Exchange of Singapore yesterday. Throughout the day there was no sign of heavy buying or selling pressure. However, support for some of the second and third liners, mainly on bargain hunting account, helped408 words
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Article371 1977-04-12 7 SHARES lost further ground in very quiet trading In the Kuala Lumpur Stock Exchange yesterday. The market opened on a hesitant note and theji drifted lower In dull trading in the absence of any fresh interest. On this score, losses re nained small across the board371 words
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OVERSEAS MARKETS
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Article503 1977-04-12 7 TOKYO: The market was slightly lower In light trading on late selling prompted by appreciation of the yen, more offsetlng early gains, dealers said on Monday The Dow Jones average was 4 926.56, down 1.47 with volume 130 million shares. The New Index was 368.73, up 0.28. Prices Initially503 words
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Article159 1977-04-12 7 MANILA: Share prices declined across-the-board, with total turnover falling to 1.33 million pesos compared with last Wednesday's 2.06 million pesos, dealers said on Monday. Picop A was a gainer but Acoje Mining, Lepanto B, Philex B, Phil Overseas, San Miguel A, Oriental A and Seafront all lost ground. Unchanged159 words
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Article93 1977-04-12 7 APR 11 Bahts Asia Fibre 180 +2 Bangkok Bank 297 18 Bangkok Invest. 199 +7 Bangkok-Metro-polttan Bank Bata 441 +30 BerliJucker 270 15 Charoong Thai Wire 178 14 Dumex DusttThanl Faber Merlin Firjt Trust 175S +35 Indo-Thal Industrial Finance Corp 1145 10 J And J Ho 281 +46 Jalaprathan93 words
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Article85 1977-04-12 7 Reuter LONDON, Mon. Soclete Nationale de Construction Mecanique (Sonacome), an Algerian engineering company, Is raising a US$72 million loan In Eurocurrency markets, Manufacturers Hanover said as lead manager of the credit. The loan, which Is currently in syndication, carries the guarantee of the National Bank ofReuter - 85 words
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Article471 1977-04-12 7 Reuter NEW YORK, Mon. An extremely favourable technical position should continue to be a major determinant of credit market trends during the current week, and provide for cong tlnued price stability, money market analysts say. The only factors likely to change this picture over the near term,Reuter - 471 words
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Article168 1977-04-12 7 Reuter MELBOURNE, Mon As expected, Broken Hill South remained In the red in the first half of the current year ending June 30, 1977 despite a rise In revenue. For the first six months ended Dec 31,1976 the group made an unaudited consolidated operatingReuter - 168 words
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Article951 1977-04-12 7 Robert Trumbull - CANADIAN FOREST PRODUCTS By Robert Trumbull NYT AFTER a string of losing years, the comeback of a once badly ailing wood pulp enterprise at Prince Rupert, In northern British Columbia, is being hailed here as one of the most dramatic turnarounds In the history of the CanadianNYT - 951 words
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323 1977-04-12 7 NYT NEW YORK, Mon. New Information about the performance of mutual funds confirms what millions of fund shareholders have suspected for years. This Is that the mutual funds that make the biggest gains In bull markets lose the most in bear markets, while those thatNYT - 323 words
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Article35 1977-04-12 7 Reuter SANTIAGO. Mon. The Chilean Industrial development agency, Corfo, is seeking a US$35 million loan or Its equivalent In other currencies to finance Its operations, a Finance Ministry decree said. It did not elaborate.Reuter - 35 words
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1134 1977-04-12 7 VARTANIG G. VARTAN - By VARTANIG G. VARTAN NYT AS 1976 came to a rousing finish with the Dow Jones Industrials surging above 1,000, Wall Streets crystalball gazers confidently set their sights on recordsmashing heights by the spring of 1977. Predictions of 1,100 and 1,200 or even better aboundedNYT - 1,134 words
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Article716 1977-04-12 7 NYT NEW YORK, Mon. —Shares of leading banks set 1977 lows last week as Investors dwelt on old worries about loans to developing nations, to tanker operators and to the real estate Investment trusts. Some vexed bank stock analysts felt that It was a renewed overreactlonNYT - 716 words
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Page 7 Advertisements
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Advertisement336 1977-04-12 7 Tllli im t Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar ma/am! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational quite unlike the type that336 words
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COMMODITY REPORTS AND PRICES
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Article38 1977-04-12 8 TOKYO, Mon. Rubber futures were quiet on lack of overseas advices due to Easter holidays, but prices firmed on sporadic covering by importers, dealers said. Prices closed 0.1 yen lower to 1.l yen higher on thin turnover.38 words
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Article11 1977-04-12 8 UM U8S Hongkong.... elated cloaed 8pore(-t-) 148.82B 148.MB 149.818 149.74811 words
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Article26 1977-04-12 8 THE Straits tin price In Penang yesterday was down $13.00 to $1,390.00 per plcul on an official offering up 60 tonnes to 233 tonnes.26 words
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Article103 1977-04-12 8 BANGKOK, Mon. Indicative prices quoted for rice are: US dollars per tonne fob basis Bangkok White Rice: 100 per cent Ist class 280 100 per cent 2nd 269 100 per cent 3rd 204 5 per cent 254 10 per cent 233 20 per cent 230 25 per cent 227103 words
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Article127 1977-04-12 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk SI 12 sellers, old drum SI 17 sellers, new drum 5122 sellers Copra Mixed (loose) UK/Cont. *74 buyers. Pepper Muntok ASTA while f.o.b. 100% NLW *407 1 1 sellers. Sarawak white f o b. 96%127 words
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Article57 1977-04-12 8 Period: For the month of March, 1977 THIS PERIOD DESTINATION SHIPPED AFLOAT SHIPPED TONNES TONNES TONNES AFRICA 10.00 10.00 AUSTRALASIA 10.00 12.00 CANADA 5.00 15.00 CONTINENT 1,373.00 7,388.00 INDIA 3.00 190.75 JAPAN 1,307.00 3,167.75 MIDDLE EAST 43.75 128.25 PACIFIC 182.00 590.50 SINGAPORE 4.25 39.75 UNITED KINGDOM 300.00 400.0057 words
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89 1977-04-12 8 AFP CALLENDER, lowa, Mon. A drink tasting like coffee but made from soybean seeds has been perfected by the head of a cereal cooperative here. The inventor, Mr. Darrell Shlrbroun, said that a food products chain had offered him "a little under aAFP - 89 words
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Article93 1977-04-12 8 Reuter MANILA. Mon. Philippine copra exports fell to 37,725 long tons In March from 45,473 in February and 53,836 in March 1976, according to Philippine Coconut Authority statistics. This brought total copra exports in the first three months of 1977 to 118,875 long tons, down from 225,548Reuter - 93 words
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956 1977-04-12 8 SKY-ROCKETINO prices of coffee beans and their Inflationary spinoffs have given cause for grave concern among consumers the world over. In Singapore, lower Income families have already felt the impact of higher coffee prices on household expenses. Oolng by prices supplied by956 words
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223 1977-04-12 8 RIO DE JANEIRO, Mon. Export sales of Brazilian soybeans, meal and oil on a price fixing basis remain suspended, Cacex sources said. The sources gave no Indication of when the suspension, Imposed two weeks ago following the Introduction of the seven223 words
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981 1977-04-12 8 NYT NEW YORK, Mon. Now that timely rains of the last two weeks have washed away fears of drought east of the Rockies, farmers are looking less at the sky and more Intensely at market prices for spring crops. Within the next two weeks,NYT - 981 words
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1187 1977-04-12 8 NYT NEW YORK, Mon. Commodity people tell an old story about a French ballonlst who is wafted over the English channel and lands at the edge of a meadow. Hailing the first passerby, the Frenchman aks, "Could you tell me where I am?" TheNYT - 1,187 words
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MONEY AND EXCHANGES
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Article650 1977-04-12 8 THE Japanese yen yesterday spiralled upwards against the USS by more than 100 points from the morning's opening of 273.10 yen. Yesterday's closing level of 271.65 Is the highest yet touched by the Japanese currency over the last three years. The yen rose unabated following speculative650 words
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Article194 1977-04-12 8 TOKYO, Mon. The Bank of Japan bought and estimated 970 million as the yen rose to its highest level for more than three years at 271.80 yen to the dollar for overnight delivery, dealers said. I The yen later eased from 271.80 against the dollar to close at 272.00194 words
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Article53 1977-04-12 8 Minimum lending rates (in ACBC 6* Algemene Bank Bangkok Bank 7 Citibank HSBC 7 Bank of America Bank of China 7 Bank of Tokyo 6* Bank Negara Indonesia 7 Indosuez 8*. Malayan Banking Mitsui Bank OCBC 6*. OUB 6% Chartered Bank 6* Chase Manhattan a* DBS o* UCB 7 UMBC53 words
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Article164 1977-04-12 8 Asian rates ASIAN currency deposit interbank rates as at close on April 11 L'S Dollar* (Spot) Offer Bid 7 days 4 15/16 4 13/16 1 mth 5 1/4 5 1/8 2 mths 5 1/8 5 3 mths 5 1/4 5 1/8 6 mths S 9/16 5 7/16 9 mths 5164 words
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Article53 1977-04-12 8 RANGE of price* offered by discount house on April 11. Overnight 2 to 3* Call deposit 3% lloaiai Bu» Ml 3-Month Treasury bills 3-Month Bank bills 3- Months CB 6-Months CB S 4 1/16 4 7/l« 4 9/18 2 7/8 3 1 vie 4 5/16 4 7/16 Source: National53 words
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Article24 1977-04-12 8 IN Singapore and Malaysia were closed for the Easter Monday hobday. Several other major overseas markets b»cl tiding Hongkong were also closed.24 words
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Page 8 Advertisements
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Advertisement147 1977-04-12 8 eep in to evelopm< erever y BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia, Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei, Sarawak. Sabah Australasia/Pacific (excluding Hawaii) Africa, Middle East and Europe USA, Canada and South America Iml tuhs 2W%147 words
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TRANSPORT AND COMMUNICATIONS
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Article691 1977-04-12 9 Tenerife high exposure... FT LONDON, Mon. Now that the Tenerife air disaster has been apparently attributed largely to KLM pilot error, It seems likely that liability claims will be much higher than had been hoped by insurers. Nearly 580 people died In the collision at Tenerife airport last month betweenFT - 691 words
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Article533 1977-04-12 9 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKG/KUL TMA IL303B 0215 BEY/BOM/KUL MAS MH682 0810 KCH SIA SQ211 1015 HLP GIA GA980 1030 HLP GIA GA908 1100 MES SIA SQ240 1140 MES RBA BI325 1155 BWN SIA SQ201 1200 HLP MAS MH684 1240 KCH533 words
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Article791 1977-04-12 9 NOTTINGHAM, Monday FT TRANSPORT planners in Britain, driven mad by an unending struggle with commuter cars clogging up the streets, have looked to one city to lead the way out of the Impasse. Nottingham, the old Midlands centre of the lace industry and today moreFT - 791 words
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Article, Illustration558 1977-04-12 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aegis Majestic (SXOF) (2300 after Straat Lagos sails) 35/36 Azuma Gloria (2300 after Bunga Blndang) 18 Brlghtgold No. 3 (Pontoon) (0700 after Atlantic Star) 24 Crlkvenlca (1500 after Dong Ah) 44 Felix Dzerjlnskly (0830 after Rasa Sayang) 42/43 Frotatokyo (2100 after Centaur) (Departure558 words
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233 1977-04-12 9 AP TOKYO, Mon. Japan's major domestic airline said today Vietnam has welcomed the airline's proposal to conduct chartered flights to Hanoi from Japan. A spokesman of All Nippon Airways (ANA) said the proposal was made by Mr. Taiji Kameyama, chief of ANA'a international department when heAP - 233 words
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824 1977-04-12 9 WASHINGTON, Monday AP THE principles that have governed international aviation for 30 years are being seriously challenged In secret negotiations here between the United States and Britain. In talks that began seven months ago, the two nations are trying to hammerAP - 824 words
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Page 9 Advertisements
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Advertisement776 1977-04-12 9 IWf/rr* HoHeeiSiKii BOOKS ABOUT ASIA The Asia Pacific region has always been a focus of world attention, but at the same time, there is a great deal of ignorance about the region as a whole, primarily because of the cultural, political, historical and other differences that exist amongst its member776 words
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Article, Illustration1177 1977-04-12 10 PAUL LEWIS - By 1 PAUL LEWIS NYT ONE of the richest families in the United States will soon learn whether It Is going to become richer still. Sometime this spring the Supreme Court Is expected to decide the legality of a complex and controversialNYT - 1,177 words
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Article, Illustration1521 1977-04-12 10 GEORGE SHORT - GEORGE SHORT Reuter DESPITE early stresses, Britain is still being governed by an alliance formed a few weeks ago between the harassed minority Labour Government and the tiny Liberal Party. It is an arrangement which Is uniqueReuter - 1,521 words
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Article, Illustration302 1977-04-12 10 WATCH one favourite programme and record another that is shown slmnltaneously on a different channel. This Is now possible with one machine, the Sony PVM 3200 pictured above. Besides this special feature, Sony claims the Trinitron television monitor (it's not Just a TV302 words
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Article975 1977-04-12 10 KLAUS BOLTE - INFLATION AND THE CONSUMER THE Germans are digging in their heels against demands from all quarters including the White House that they should reflate their economy to help some of their hard-pressed trading partners. But from across the Rhine comes this retort: "It won'tFT - 975 words
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Page 10 Advertisements
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Advertisement199 1977-04-12 10 five usa man for a monthwell give him a language for life infingua now the largest group of language schools in the world offers a range of intensive language courses specifically designed for the busy executives whose work and position require them to attain a high degree of proficiency in199 words
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Article, Illustration634 1977-04-12 11 The Kims a powerful clan to be reckoned with UPI TOKYO, Mon. North Korean President Kim 11sung turns 65 on Frldav amid growing evidence that his 36-year-old son someday will succeed him as supreme ruler. Never before has a father bequeathed supreme power to a son In a communist country.UPI - 634 words
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252 1977-04-12 11 UPI SUVA (Fiji), Mon. The President of the African-Carribean-Paclflc (ACP) Council of Ministers, Fiji's Prime Minister Ratu Sir Kamisese Mara, today criticised the European Economic Community for their fading interest In trade with ACP countries. More than 350 delegates from 65 countries areUPI - 252 words
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Article101 1977-04-12 11 Reuter TOKYO. Mon. The Fair Trade Commission said it approved a Japan Spinners Association's plan to form a recession cartel to cut monthly production of cotton yarn by 25 per cent from the December 1976 level of 210.000 bales. Under the cartel lasting until the endReuter - 101 words
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Article133 1977-04-12 11 THE Science Council of Singapore yesterday announced that a local animal nutritionist, Mr. Lee Teng Kah, has successfully formulated a diet for Japanese quails to give optimal egg and meat production. In terms of cost benefits, the diet, supplemented with amino acids, will133 words
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516 1977-04-12 11 MUSA: IF WE'RE TO SUCCEED... KUALA LUMPUR, Mon. Supra-Asean nationalism wll'. be a major contribution towards making the Asean experiment successful, the Primary Industries Minister said here today. There can never be real progress If we allow ourselves to be continually bogged down516 words
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460 1977-04-12 11 Reuter TOKYO, Mon. British Conservative Party leader Mrs. Margaret Thatcher arrives here on Wednesday on a fact-finding tour which will include talks with Prime Minister Takeo Fukuda expected to centre on Asian security and the international economy. Mrs. Thatcher, who will be inReuter - 460 words
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332 1977-04-12 11 Reuter JAKARTA, Mon. An American Congressman said here today he believed the Timor issue would not pose a problem between the US and Indonesia. "I have come here to get a first-hand report on Timor. We do not believe in rumours and therefore IReuter - 332 words
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Article156 1977-04-12 11 Reuter JAKARTA. Mon. The Indonesian Democratic Party (PDI) was today reported to be considering boycotting next month's general elections because of what it calls continued intimidation of Party members. "The Party will hold a meeting with regional representatives next week to discuss the current campaignReuter - 156 words
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Article, Illustration955 1977-04-12 11 Chiang benevolent father with an iron hand NYT TAIPEH. Mon. In the two years since the death of his father. Chiang Kai-shek, Premier Chiang Ching-kuo has moved with a combination of toughness and subtlety to achieve even tighter control over this island's 16 million people than his father enjoyed andNYT - 955 words
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Article139 1977-04-12 11 Reuter MANILA, Mon. Australia's relations with Asean is likely to figure prominently in talks Australian Foreign Minister Andrew Peacock will hold here later this week, officials said today. Australia, along with Japan and New Zealand, is expected to be invited to attend the nextReuter - 139 words
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232 1977-04-12 11 Reuter KARACHI, Mon. Pakistan's biggest city Karachi was crippled by a strike called by the opposition today in protest against the deaths of at least five demonstrators in clashes with police yesterday. Most shops and offices were closed and no public transport was runningReuter - 232 words
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113 1977-04-12 11 THE National Productivity Board (NPB) will be conducting a marketing course for business executives from May 9 to 20 and an industrial engineering module five (preventive maintenance) programme from May 3 to 16 at the NPB Town Training Centre. The marketing course will introduce modern113 words
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Article77 1977-04-12 11 TRUST Houses Forte, the world's largest hotel, leisure and catering company, Is setting up an Instant reservations system In Singapore for hotels In Its worldwide hotel chain. The UK company represented here by Thomas Cooke, owns and operates 880 hotels in 27 countries and Its77 words
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280 1977-04-12 11 MR. Killan Hennessy, vicechairman of the French cognac manufacturer MoetHennessy will fly into Singapore on Saturday on the second leg of a four nation tour of Asia. Mr. Hennessy. who will be accompanied by his wife, will meet the Republic's leading financiers, businessmen and280 words
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425 1977-04-12 11 AP WASHINGTON, Mon. Since the year began, China has bought more than twice as much grain from other countries as It did In 1976 and probably will require more if its drought-stricken winter wheat area falls to recuperate soon, the US Agriculture DepartmentAP - 425 words
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Article171 1977-04-12 11 Plan for great order' in China AP HONGKONG. Mon. Chairman Hua Kuo-feng has proposed an eight-point directive stressing China's new emphases to modernise its army, promote arts and sciences and Improve the standard of living. Hongkong newspapers reported today. The newspapers, Ta Kung Pao and Wen Wei Po. quoting Peking'sAP - 171 words
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Page 11 Advertisements
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Advertisement283 1977-04-12 11 APPOINTMENTS 'LEGAL OFFICER WANTED' A large Holding Company with banking, financial and real estates development interest seeks the appointment of a Legal Officer in its Hong Kong Office on expatriate terms. Candidates must be single and hold a recognised law degree. Relevant practical experience in legal work will be a283 words
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Advertisement346 1977-04-12 11 m MARKETING SALES EXECUTIVE Jurong Alloys Pte Ltd require an outstanding person to fill the post of Marketing Sales Executive. This position carries responsibilities in marketing and sales for Singapore and South East Asia. The person we seek should fall within the age group of 25 35. He should preferably346 words
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682 1977-04-12 12 CRUCIAL talks between senior government officials and top executives of the Sumitomo Chemical group on the proposed $2 billion petrochemical project at Pulau Ayer Merbau started yesterday. Sumitomo executives, Mr. H. Yonekura and Mr. R. Uda, who flew in on Sunday evening,682 words
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543 1977-04-12 12 KUALA LUMPUR. Mon. Petronas is granting partial approval to the upstream oil companies to proceed uninterrupted with their exploration and production activities while their work programmes and budgets for the year are being studied. The approval is based on the urgency of each543 words
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Article62 1977-04-12 12 Reuter MANILA. Mon. The Manila stock exchanges reduced their dally trading hours by one hour to only three today as part of an energy conservation move. The exchanges will now close at noon until May 31. during the height of the summer season. Early closing is expectedReuter - 62 words
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358 1977-04-12 12 Reuter BANGKOK. Mon. Joint Thai-Malaysian military operations against communist guerillas in their border areas have succeeded in "impeding the communist movement along the border," Malaysia's Home Affairs Minister Tan Sri Mohamed Ghazali bin Shafie said here today. Tan Sri Ghazali was addressing theReuter - 358 words
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Article, Illustration1625 1977-04-12 12 KUALA LUMPUR, Mon. Malaysian finance companies made further satisfactory progress in their operations last year, according to Bank Negara's 1976 annual report. Resources of these companies increased substantially during the year while lending rose markedly. In response to the central bank's guideline on lending,1,625 words
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442 1977-04-12 12 MR. C.V. Devan Nalr said yesterday that the Singapore National Trade Union Congress will not tolerate foreign interference In any Singapore Industrial dispute. In a statement, the secretary general of the NTUC said that an Australian trade unionist, Mr. R. T. Scott, president of the442 words
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Article67 1977-04-12 12 MR. R.T. Scott, president of the Amalgamated Metal Workers Union of Australia, last night insisted his union has been asked by the International Metalworkers Federation to give support to, and to report on the Metal Box strike. Mr. Scott also denied suggestions that his action was interfering with67 words
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491 1977-04-12 12 THE current strike at Metal Box Singapore highlights once again the activities of what must be the most aggressive union in Singapore. The Singapore Metal Box Workers Union has been instrumental in organising three strikes, two other disruptive industrial actions and threats of491 words
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295 1977-04-12 12 KUALA LUMPUR, Mon. Bank N'egara made profits of M 5161.7 million in 1976 compared with $110.2 million for 1975. According to the bank's report for 1976, $71.7 million was appropriated from profit to the general reserve fund and the balance of295 words
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Article237 1977-04-12 12 Reuter LONDON, Mon. British Airways, with members of the management assisting with maintenance checks to beat the strike, was today stepping up Its service to Europe. The scheme, in which management and supervisory staffs combined to help beat unofficial action by 1.250 of the state-ownedReuter - 237 words
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175 1977-04-12 12 CARGO movement to West Asian ports took a downturn last month even with the freeing of congestion In most of the main gulf ports, said the Orient Exchange, the Asian shipping exchange based in Singapore, in a statement yesterday. Owners, It said, especially175 words
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Article80 1977-04-12 12 OCBC Finance, a subsidiary of Oversea-Chinese Banking Corporation, filed three separate writs with the Supreme Court yesterday, for a total sum of $44,105.04. They were against three Individuals and Auto Credit House, a car agent. In the first suit. Lee Kong Phang, alias Lee Kon Pin, and80 words
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Page 12 Advertisements
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Advertisement31 1977-04-12 12 GOOD ENGLISH HOW TO SPEAK AND WRITE IT! Lady tutor with long standing experience in teaching English to foreign students has still some time available. For information Phone: MRS. JAY, *****531 words
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Advertisement288 1977-04-12 12 TEIEM ASTER 548 a communication masterpiece that makes you master of your phone Just touch a key and you're automatically linked to your business contact. No more irritations like number hunting, multiple-digit dialling, or wrong number. No more waiting to be put through. The Telemaster is an electronic marvel of288 words
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