The Business Times, 13 April 1977

Microfilm: NL9063
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, APRIL 13, 1977 50CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Timur buys four ships
      78 1 Reuter TOKYO, Tues. Japan's Hitachi Shipbuilding and Engineering will build four container vessels for Timur Carriers of Singapore, a subsidiary of Thomas Nationwide Transport of Australia, it was announced today. Hitachi said it had signed a contract with Timur Carriers to build four 12,100 dwt container
      Reuter  -  78 words
    • Article
      Lock icon Unions in steel talks
      62 1 Reuter GENEVA, Tues. Trade unionists from leading steel producing countries are to discuss the current crisis in the world steel industry at an emergency meeting in Frankfurt, West Germany, tomorrow, the International Metalworkers' Federation (IMF) said here today. One result of the talks is expected to
      Reuter  -  62 words
    • Article
      Lock icon Budget deficit smaller
      43 1 UPI BONN, Tues. West Germany had a budgetary deficit in 1976 of 26 billion marks (Ss27 billion) compared to 33 billion marks in 1975, the Finance Ministry announced today. Income was 136 billion marks and expenditures 162 billion marks. UPI.
      UPI  -  43 words
    • Article
      Lock icon Reds kill three
      34 1 Reuter BANGKOK, Tues. Two army colonels and a private soldier were killed today in a communist guerilla attack on a government defence post in northern Thailand, Radio Thailand reported tonight. Reuter.
      Reuter  -  34 words
    • Article
      Lock icon Owen for Egypt
      45 1 Reuter LONDON, Tues. Britain's Foreign Secretary, Dr. David Owen, will pay official visits to Egypt and Syria this month for talks with their leaders on the Arab-Israeli dispute and other major developments, the Foreign Office announced today. Reuter SEE PAG e 2
      Reuter  -  45 words
    • Article
      Lock icon New lira plan
      62 1 Reuter ROME, Tues. Italy's Treasury Minister Gaetano Stammati said today the government may soon simplify the country's currency by introducing a "heavy" lira. He was commenting in a radio interview on growing pressure for the government to knock the three zeros off 1,000 lire and to turn
      Reuter  -  62 words
    • Article
      Lock icon Israeli seamen strike
      61 1 Reuter TEL AVIV, Tues. The Israeli Merchant Seamen's Union today began an indefinite strike in support of higher wages. The union said it took the step, which was not authorised by the Histadrut trade union federation. because of the higher salary scales promised merchant marine officers, who
      Reuter  -  61 words
    • Article
      Lock icon Wrigley dies
      30 1 UPI CHICAGO, Tues. Mr. Philip Wrigley, chewing gum magnate and owner of the Chicago Cubs baseball team, died today in the Elkhorn, Wisconsin, hospital. He was 82. UPI
      UPI  -  30 words
    • Article
      Lock icon Dow Jones
      44 1 UPI NEW YORK, Tues. Dow Jones averages based on the first hour of trading today on the New York Stock Exchange: 30 indus 930.97, up 6.87; 20 transp 227.50, up 1.80; 15 utils 107.52, up 0.41; 65 stocks 307.76, up 2.15. UPI
      UPI  -  44 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      183 1 LIGHT trading and narrow price movements ruled again at the Stock Exchange of Singapore yesterday. Most of the active shares closed marginally lower as reflected in the decline of 0.26 point in the Business Times index to 256.58. The Straits Times Industrial index, which groups the higher-priced
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    • Article
      In Kuala Lumpur
      131 1 Rises Most active C. Sugars Int Wood $1 48 SO 80 S2 67 55 70 56 80 SO 53 SO 48 1 50 62 51 63 Ills SI.65 SI 68 SI.06 S4 02 SI 40 SI 46 Central Sugars 291.000 09 Haw Par 54.000 M Flour 06
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  • Article
    Govt expected to borrow DM 100 mil
    946 1  -  LEAD MANAGER DEUTSCHE BANK? By COLIN CHEE THE Singapore Government is expected to announce a massive borrowing from the International capital market In the next few days the second time this year that It has tapped i the overseas markets for funds. It
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  • Article, Illustration
    Malaysia ends freeze on log export quotas
    264 1 KUALA LUMPUR, Tues. The freeze on the Issue of 1 log export quotas imposed I in January this year has been lifted. Primary Industries Minister, Datuk Musa Hitam, announced itoday. However, three new conditions have been troduced for the issue of export quota
    264 words
  • Article
    Yen fails to make the 270-mark
    524 1 THE Japanese yen failed to touch the 270 mark against the US dollar yesterday following official intervention by the Bank of Japan to check the rapid rise of the currency. In London, the yen was traded at the 270.50 level In the opening session.
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  • Article
    Lock icon ACP seeks firm trade decisions from EEC
    444 1 Reuter UPI SUVA (FIJI), Tues. Fiftytwo developing countries from Africa, the Caribbean and the Pacific (ACP) asked the European Common Market (EEC) here today for firm decisions about trade between them. The request was made at a. meeting of Fijian Prime Minister Ratu
    Reuter; UPI  -  444 words
  • Article
    Lock icon Vote for all-out strike by BA engineers
    156 1 UPI LONDON, Tues. Union representatives of British Airways maintenance engineers at Heathrow airport voted today to extend a partial wildcat walkout Into an all-out strike that would further cripple the airlines services They voted 175 to 5 to reject a peace plan put
    UPI  -  156 words
  • Article
    Ministry is studying MB union's plea
    175 1 THE Ministry of Labour yesterday told the Singapore Metal Box Workers' Union that its representations for the reinstatement of 22 workers dismissed by Metal Box Singapore are being processed. In a letter to the union, dated April 9, the Ministry said the representations are
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  • Article
    Another Bank of Tokyo bond soon?
    179 1 THE ASIAN dollar bond market in Singapore is coming alive again and the issue to spark it off is expected to be a seven-year bond offering from the Bank of Tokyo. The issue, the second from the same borrower (the first was raised in
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  • Article
    Lock icon HUTCHISON BUYS 30pc STAKE
    136 1 Reuter HONGKONG, Tues. Hutchison International has acquired a 30 per cent stake in 8.8. Fischer and Co a Philippine trading company primarily selling industrial machinery and equipment. The 30 per cent stake is the maximum allowed under Philippine foreign investment regulations, but Hutchison will have management
    Reuter  -  136 words
  • Article
    Raja hints of another Brussels style meeting
    441 1 A CONFERENCE similar to the recent EEC-Asean meet in Brussels may be held somewhere in Asean "at some appropriate time," the Foreign Minister, Mr. S. Rajaratnam, disclosed last night. Mr. Rajaratnam was speaking to reporters at the airport on his return from the
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  • Article
    Lock icon Accord on diesel engine programme
    150 1 Reuter MANILA, Tuesday. Singapore and the Philippines have agreed to establish a complementary programme for the manufacture of diesel engines. Informed Industry sources said today. The programme falls for the manufacture by one country of diesel engine models and components which the other country cannot
    Reuter  -  150 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      73 1 With a Reputation for Unrivalled Security and Fair Dealing over 131 years, Our Clients can be Assured... Royal Insurance f ifH orpo*ated .n England > looks after you. Fast 18th Fir., Ocean Building, Collyer Quay, Singapore 1. Tel: ***** *****1. SEE PAGE 2 INSIDE Overseas News/TV Radio Overseas News/ Feature
      73 words
    • Advertisement
      Page 1 Advertisements Column 2
      127 1 Ask a bird why smart tenants choose Leong A bird sees most 1 clearly our advantages. Like perfect location, for example. A bird's eye view shows Hong Leong apartments smack in the centre of inner CBD, in an area of offices, shops, restaurants, nightclubs and other excitements. Yet a peaceful
      127 words
    • Advertisement
      Page 1 Advertisements Column 3
      152 1 Ga s has got a flame AOW Olivetti Any person seated at this desk can do the work of three people Yes. one person to handle all customer accounts. Calculate and complete invoices. Prepare statements. Process payroll. Control the ledgers. Control stock flow. All these procedures completed at electronic speeds
      152 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Nationalist leaders reject Owen's plans
      500 2 Reuter DAR ES SALAAM, Tues. British Foreign Secretary David Owen flies to Mozambique today on the second stage of his southern Africa tour after meeting major disagreement from nationalist leaders here when he presented proposals for reviving negotiations on Rhodesia. Dr Owen put his Ideas
      Reuter  -  500 words
    • Article
      Lock icon GROMYKO, VANCE DATE IN GENEVA
      142 2 AP WASHINGTON, Tues. US Secretary of State, Mr. Cyrus Vance will meet Soviet Foreign Minister Andrei Gromyko In Geneva about May'2o to discuss the Middle East and nuclear arms control, US officials said yesterday. Officials said the VanceGromyko talks probably would last until about May
      AP  -  142 words
    • Article, Illustration
      Lock icon Seized trawler sails in
      44 2 Flying the start and the stripes alongside their flag, the Soviet trawler Taras Shenvchenko, seized by the US Coast Guard for violating the 320-km Ashing limit off the New England coast, arrives in Boston on Tuesday. UPI photo. UPI photo
      UPI photo  -  44 words
    • Article
      Lock icon Fishing zone violations will mar ties says US
      520 2 Reuter WASHINGTON, Tues. The United States has warned the Soviet Union that all bilateral relations between the two superpowers could be affected by continued Soviet violations of US fishing laws. And trouble over America's new 320 km fishing zone could come up
      Reuter  -  520 words
    • Article
      Lock icon More are drawn into Zaire invasion war
      278 2 UPI Reuter KINSHASA, Tues. Repercussions from the five-week-old rebel Incursion Into mlni'ral-rlch Shaba Province spread far beyond Zaire's borders today as foreign Involvment In the conflict widened. Zaire maintained its virtual blackout on news from the front. On the heels of the arrival
      UPI; Reuter  -  278 words
    • Article
      Lock icon Anti — Concorde opponents stage 'war rally'
      267 2 Anti Concorde opponents stage 'war rally' Reuter NEW YORK, Tues. French and British critics of their countries' Concorde airliner tonight Join New Yorkers at a "war rally" aimed at stopping the world's fastest passenger Jet from ever landing here. The rally, at a school near Kennedy Airport In the borough
      Reuter  -  267 words
    • Article
      Lock icon McGovern's bid on Cuba trade ban
      172 2 NYT WASHINGTON, Tues. "Senator George McGovern' said yesterday that as a result of his four-hour discussion with President Fidel Castro In Havana over the weekend, he Intended to push for a two-step lifting of the United States embargo on trade with Cuba. The South
      NYT  -  172 words
    • Article
      Lock icon Conference on antiinflation delayed
      246 3 Reuter WASHINGTON, Tues. President Carter will hold a news conference on Friday morning during which he will present a series of antiinflation proposals. White House spokesman Jody Powell said. The White House had tentatively scheduled the news conference for tomorrow afternoon, but Powell said it had
      Reuter  -  246 words
    • Article, Illustration
      Lock icon Congress unhappy with Carter's trade policy...
      511 3 WASHINGTON, Tuesday Reuter PRESIDENT Carter's trade policy stands In danger of floundering on the rocks of Congressional opposition. Congressional leaders freely voiced displeasure when US special trade negotiator Robert Strauss recently relayed the President's rejection of a US International Trade Commission (ITC) recommendation to
      Reuter  -  511 words
    • Article
      Lock icon Meeting on food, trade issues
      245 3 AP WASHINGTON, Tues. A conference on International food policy Issues here this month is expected to help the Carter Administration formulate Its policies on foreign trade negotiations, global food reserves and US aid to needy countries. The conference, to be sponsored by the US Agriculture
      AP  -  245 words
    • Article
      Lock icon America-Japan colour TV talks
      202 3 AmericaJapan colour TV talks Reuter TOKYO, Tues. Senior officials of the Japanese Trade and Industry Ministry will go to Washington this week for talks with United States officials on proposed selfrestraints on Japanese colour television exports to the US, a ministry spokesman said. The meeting in Washington will follow the
      Reuter  -  202 words
    • Article
      Lock icon The wealthy are fleeing across the Alps ...
      1141 3  - The wealthy are fleeing across the Alps Always the tax haven for top people, Switzerland has also drawn 500,000 rich foreigners to retire amid its lakes and mountains. But now, annoyed by soaring Swiss taxes, these fondly-treasured settlers are deserting to cheaper spots, such as Monte Carlo. in LUGANO 1
      FT  -  1,141 words
    • Article
      Lock icon Mozambique connection...
      734 3  -  By RAYMOND WILKINSON UPI THE Jumbo-slzed prawns served to well-heeled white South Africans in the elegant restaurants of Johannesburg are fished from the waters around this stridently Marxist capital. South African gold bullion keeps President Samora Machel's government afloat and South African engineers and technicians keep the railroads
      UPI  -  734 words
    • Article
      Lock icon Yields fall at US bill sales
      244 3 Reuter WASHINGTON, Tues. The Treasury Department said yields fell at yesterday's regular weekly auction of three and six month Treasury bills. The average yield on the three-month bill fell to 4.561 per cent from 4.585 per cent the previous week and was the lowest
      Reuter  -  244 words
    • Article
      Lock icon French reserves
      35 3 Reuter PARIS, Tues. France's official reserves fell 58 million francs to 92.31 billion at end-March from 92.37 billion at endfebruary, the Finance Ministry said. Gold reserves were unchanged at 63.88 billion francs. Reuter.
      Reuter  -  35 words
    • Article
      Lock icon Crude oil
      35 3 Reuter TEHERAN. Tues. Iran's dally crude oil sales In March fell Just over fou. cent over February k o average about 5.45 million barrels a day. National Iranian Company preliminary figures show. Reuter.
      Reuter  -  35 words
    • Article
      Lock icon Koreans teaching Alaskans how to fish for pollock
      593 3 AP ANCHORAGE, Tues. Korea's quest for protein from the sea has some of Alaska's shrimp fishermen looking in a new direction the state's flourishing bottom fishery. The Korea Marine Industry Development Corporation Is teaching Alaskans how to fish for pollock, a Korean
      AP  -  593 words
    • Article
      Lock icon Moderate spending rise likely in Quebec budget
      186 3 Reuter MONTREAL, Tues. Quebec Is likely to adopt a fairly conservative stance In today's budget, economists here said. Finance Minister Jacques Parizeau disclosed in fiscal 1978 estimates last month expenditures will rise about 12.5 per cent to US$ll.5 billion (5527.6 billion). The economists
      Reuter  -  186 words
    • Article
      Lock icon Marcos opens plant
      69 3 UPI MANILA, Tues. President Ferdinand Marcos yesterday Inaugurated the US$37l million (SSB9O million) plant of the Philippine Sinter Corporation, a subsidiary of Kawasaki Steel of Japan, at the seaside town of Vlllanueva 720 km south of here. The plant will be fully operational by next month. It
      UPI  -  69 words
    • Article
      Lock icon FNCB rate
      30 3 Reuter CHICAGO, Tues. The First National Bank of Chicago said it is maintaining its prime lending rate at 6% per cent for the rest of this week. Reuter.
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      285 2 Business Times i i i I 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
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      298 2 THE WEATHER i WEATHER report for 24 hours prior to 7.30 p.m. on April 12 at Singapore airport. Maximum Temperature 32.2° C Associated Humidity 5* Minimum Temperature 24.0° C Associated Humidity Hours of Sunshine 4.80 Rainfall in Millimetres Nil Total Rainfall for the Month 15.7 Total Rainy Days for the
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      313 3 Many cars offer some of the things a\folvo does. No car in the same class offers all the tilings aYblvo does. This sounds like quite a claim. But if you check this list against any other car of the same class, you'll find that we're not just making idle talk.
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      26 3 BriStOTrPnutfdiiclcss I offices Of messrs Heap T-to+vjood. £»btisViers T CCW«G,f r i T'lSireß N\C€- U6£>END ;6«owT\\ \pcKT wsk- y »K~f/§2jl PCDFiLE. or "M£ GG£P>Ttsr UViHG VG.MG^-^SHmflN■
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  • COMPANY NEWS
    • Article
      CCB likely to make M$13.8 profit
      561 4 CYCLE and Carriage Bintang (CCB), which is being floated in the Kuala Lumpur Stock Exchange's first offer for sale for some two years is expected to make a pre-tax profit of M 513.8 million in the current year according to the prospectus published yesterday.
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    • Article
      Increased costs send Guthrie into the red
      586 4 AGAINST its own forecast of a better second halfyear, Guthrie Bhd has continued its downward spiral turning in a group pre-tax loss of $4.43 million for the full year ended Dec 31,1976 against a pre-tax profit of 58.59 million in 1975. At the
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    • COMPANY MEETINGS
    • Latest results
      • Article
        SOUTH PACIFIC TEXTILE INDUSTRIES
        42 4 Un- audited group pre-tax profit M 52.29 million ($1.17 million) on turnvoer of $17.16 million ($12.99 million) for the first halfyear ended March 31, 1977. Company pre-tax profit $1.29 million ($790,646) on sales of $11.97 million ($8.62 million).
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      • Article
        SINGAPORE TRACTION COMPANY
        33 4 Unaudited loss $27,239 (loss $24,950) for the first half-year ended March 31, 1977. Exceptional expenses $7,500 (nil) making total loss $34,739 (loss $24,950). Accumulated loss $14.07 million (loss $14.02 million).
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    • Article
      DIVIDENDS ANNOUNCED
      635 4 Current Ex Date Total for ToUl for payment Date payable the year previous year M.B.S. 19% Mar 4 Apr 14 15* 15* Olympia Plywood 0%TE Mar 20 Apr 15 6*TE Nil 11m Hume (F.E.) SHI Mar 22 Apr 16 5*1 Batu Lintang 5*1 Mar 20 Apr 18 5*1
      635 words
    • Article
      UE's foreboding of decline comes true
      416 4 AS anticipated, United Engineers (UE) suffered a 25.7 per cent drop in unaudited group pre-tax profit to $9.52 million for the year ended Dec 31, 1976. Turnover tumbled 10 per cent to $30.35 million. No reasons were given by the company In the brief
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    • Article
      Lock icon US prospects look good to the foreign investor
      769 4  -  By Thomas Mullaney NYT THERE'S an old adage that the grass always seems greener in the other fellow's pasture. That certainly has been the view of many Important industrial and money sources abroad drulng the last decade as they looked over to
      NYT  -  769 words
    • Article
      Lock icon American drought may bring power losses
      568 4  -  By STEVEN RATTNER NYT THE continuing drought, which has blanketed the north-western section of the United States, has raised the spectre of widespread power losses as the reservoirs on which this region depend on for Its hydroelectric power dry up. Hydroelectric power, where available,
      NYT  -  568 words
    • Article
      CHICAGO BOARD OPTIONS
      1360 4 On April 11 TRADING In options on the Chicago Board Options Exchange came to 91,673 contracts compared with 100,787 last Thursday before the Easter holiday. OPTION APL JLY OCT STOCK Alcoa 50 0 3/8 63/8 7 501/4 Alcoa 80 UNTRD 11/16 17/16 561/4 Am Tel SO UNTRD
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      67 4 Everybody is asking... ASEAN-what is it all about? New Directions tells you Vol 4 No 1 The Circulation Manager Times Periodicals Pte. Ltd., 422 Thomson Road, Singapore 11. l I El ,^2 AfTf® bau NAME ADDRESS COMPANY IYS 1977 MARCH 1977 Please send me 4 issues of NEW DIRECTIONS: Cheque
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Fibres dictate Dupont's growth
      461 5 Reuter WILMINGTON. Del, Tues. Dupont said it earned an estimated US$2.4O a share In the first quarter on record sales of about $2.3 billion, compared with $2.80 a share on 2.1 billion in the year-ago period. Dupont's first quarter earnings estimate Includes about 20 cents a
      Reuter  -  461 words
    • Article
      Allis-Chalmers, UAW pact
      306 5 MILWAUKEE, Tues. Allls-Chalmers and the United Auto Workers reached a tentative agreement In central negotiations on a new three-year labour contract. The company said the agreement covers production employers at three plants and two parts warehouses who have been on strike since March 3. The agreement, which
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    • Briefly
      • Article
        U. Tech
        73 5 HARTFORD, Conn., Tues. United Technologies said it has received a request for information from the New York office of the anti-trust division of the US Department of Justice about its proposed offer for all the common shares of Babcock and Wilcox at US$42 per share. United said it
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      • Article
        St. Louis
        82 5 NEW YORK. Tues. Cerro-Marmon said its St. Louis copper refinery has been hit by a wildcat strike. The firm said it hopes the workers at its 42,000 tonne per year refinery will be back to work shortly. A spokesman said he did not know why employees did not
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      • Article
        Komatsu
        73 5 TOKYO. Tues A spokesman for Komatsu declined to comment on a report in the financial dally Nlhon Kelzai that it made a US$25 million private placement In the Arab capital market, all of which was purchased by a semi-official financial Institute of an Arab oil producing country. The report
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      • Article
        Egam
        72 5 ROME, Tues. The Italian Government said It has approved a bill to abolish the state metals group Egam and reorganise Its holdings among other state groups. The operation will cost an estimated 900 billion lire over the next six years, of which 400 billion lire will come from the
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      • Article
        IBM
        66 5 ATLANTA, Tues. International Business Machine's general systems division said it plans a significant product announcement on Thursday. A company spokesman said a press conference has been scheduled at the general systems division in Atlanta. The last time the division held a press conference for a product announcement in Atlanta
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    • Article
      Lock icon Amex net income soars
      105 5 Reuter NEW YORK, Tues. The American Stock Exchange said 1976 net Income was US$l.O3 million against $316,000 in 1975, giving the exchange Its best year since 1969 Both 1976 and 1975 operating net had tax credits of $391,000 and $144,000 respectively because of prior years' losses.
      Reuter  -  105 words
    • Article
      Lock icon Safeway Stores falls
      86 5 Reuter OAKLAND, Calif., Tues. Safeway Stores said its 1976 profit decline was mainly due to competitive price wars among supermarket chains, strikes, and increased operating expenses. Safeways said 1976 net earnings fell to U*****.6 million or $4.07 a share from $148.6 million or $5.74 in 1975. The
      Reuter  -  86 words
    • Article
      Lock icon UAE
      55 5 Reuter FRANKFURT, Tues. The United Arab Emirates' currency board will raise 100 million marks over five years probably at 6*« per cent by private placement and not by a mark Eurobond as originally thought, banking sources said. The placement, managed by the Deutsche Bank, is likely to be priced
      Reuter  -  55 words
    • Article
      SEC
      54 5 WASHINGTON, Tues, Securities and Exhange Commission chairman, Mr. Harold Williams, told a news conference he believes the SEC should only expand trading in stock options slowly. "I see options as a legitimate market instrument. I agree with the Commission's policy of moving slowly on options and trying to move
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    • Article
      Innocenti improves
      376 5 MODENA, Tues. Innocenti, the former British Leyland subsidiary taken over last May by Sr. Alessandro de Tomaso, the Argentine industrialist, and the State salvage company GEPI has reported a profit of just over Lire 1 billion (about £700,000) after its first seven months under new management. Under British
      376 words
    • Article
      GE achieves sharp rise
      278 5 NEW YORK, Tues. First quarter net earnings at Oeneral Electric rose to U*****.4 million from $172.5 million or 95 cents a share from 77 cents. The sharp advance was made on sales of $4.06 billion compared with $3.48 billion in the previous quarter. The company said
      278 words
    • Article
      Lock icon Falconbridge team arrives in Chile
      198 5 Reuter SANTIAGO, Tues. A team of experts from Falconbrldge Nickel Mines has arrived In Chile to carry out prospecting work at the Quebrada Blanca copper deposit In northern Chile, sources close to Falconbridge said here. The sources confirmed that the company, which has mines In
      Reuter  -  198 words
    • Article
      Lock icon GM foresees all-time record sales in US
      224 5 Reuter TOKYO, Tues. General Motors executive vice president Mr. Reuben Jensen said GM forecasts indus-try-wide sales of new cars and trucks In the US this year at an all-time record 14.75 million units, up from 13.3 million last year, and the previous record
      Reuter  -  224 words
    • Article
      GRE underwriting more profits
      361 5 LONDON, Tues. Underwriting profit at Ouardlan Royal Exchange Assurance Improved from £7.1 million to £9.3 million during 1976 and taxable profit Increased from £49.6 million to a record £61.1 million. Stated earnings per 25p share rose from 20.3p to 24.3p and a final dividend of 5.2513p
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    • Article
      Lock icon Parks won't be leaving
      1167 5  -  NORIN TAKEOVER By Lawrence Freeney NYT EAGER as he may have been to fill the demand for more Parks' sausages. Henry G. Parks Jr., city councilman and civil rights advocate, as well as entrepreneur, went public himself long before his meat products company became H.G Parks
      NYT  -  1,167 words
    • Article
      Lock icon Copperhill strike
      69 5 Reuter NEW YORK, Tues. Cities Services said Its Copperhill copper mining operations have been hit by a strike. The firm said some 1,800 employees, represented by the International Chemical Workers, walked off the Job at midnight last night following expiry of their contract. The firm's Copperhill operations produced
      Reuter  -  69 words
    • Article
      Lock icon EIB Eurobond
      69 5 Reuter TOKYO, Tues. The European Investment Bank's forthcoming yen Eurobond will be a 10 billion yen, seven ?ear issue with a coupon of 5 per cent, Dalwa Securities said as lead manager. Invitation telexes are being sent out later today, and the issue price will be negotiated for
      Reuter  -  69 words
    • Article
      Lock icon Henry Ford group joins scramble for Irvine
      691 5  -  By ROBERT LINDSEY NYT A GROUP of Investors including Mr. Henry Ford n says It has obtained financing to acquire the hotly contested Irvine Co. for U*****.9 million. Among others In the group are Mr. Charles Allen Jr., Wall Street banker. Mr. A.
      NYT  -  691 words
    • Article
      Sun Alliance increases
      427 5 LONDON, Tues. Premium income from fire, accident and marine business at Sun Alliance and London Insurance expanded from £348.26 million to £426.13 million during 1976 and pre-tax profit was up by £2.25 million to £37.84 million Fire and accident showed an underwriting loss of £11.02 million compared
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    • Article
      Lock icon Corco to meet creditors
      98 5 Reuter SAN JUAN, Puerto Rico, Tues. Acting Governor Relnaldo Paniagua said a meeting which he called decisive Is scheduled In New York today between representatives of Commonwealth Oil Refining (Corco) and its creditors, Including Gulf Oil. Company officials said Corco's situation remains critical because Gulf sued
      Reuter  -  98 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      208 5 "More executives and businessmen read the Readers Digest than any other businessman! magazine in Singapore and Malaysia* Survey Research group data indicates that the Reader's Digest reaches nearly a quarter of all adult men in Singapore and West Malaysia who classify themselves as Professionals, Executives, Senior Government Officers, Businessmen, Merchants
      208 words
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  • Article
    Share Information Service
    2099 6 Gr'i Gr* Net r 1977 Last div Div y'H Val Day High Low Company Safe +«r- e'rr P/E Hi|fc Low SECTION ONE INDUSTRIALS 146 136 Acma 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 10.0 0.5
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  • Article
    Transactions in Singapore
    1142 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lota of 1000 units .unless otherwise specified. All Time Settlement Contracts are quoted after the word ••Sett." Big Board
    1,142 words
  • Article
    In Kuala Lumpur
    1222 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 (1 398 1 425). Leytapa (0.418 0.488) Ajinamata <1.958 2
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  • Article
    Stock options
    146 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. D B S. (June $3 90) (0.905) (5) 0.08 (Sept $3.60) (0.208 0.325) (Dec $3.60)
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  • Article
    Unit trusts
    155 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price* for Apr 13) (Current price*t The Commerce 1.74 1.84 INCOME BOND 1 04 1.10 The Saving Fund .0.90 0 95xd MARA Bl MIPITRA FI ND S pore Prog Fund 0 80 0.85 (Manager*' price* for Apr 13) S pore Security
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  • Article
    Corporate bonds
    162 6 BOTH 1/2* 1981 (100,000) (1038 103*«S) D B S 8 M 2% 1982 (100,000) (IOO'.B DBS Converts 6 1/2% 1991 (100,000) (97*8 9$S) E I B 1982 (100,000) (103*B 104 *S) E I B 8 1/4% 1983 (100.000) (IOO'.B lOOSS) I B J 8 1/2% 1981 (100,000) (101
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  • Article
    Domestic govt bonds
    98 6 5 1/2% 15/4/78 (250.000) (101.568 101.655) 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 (250,000) (101.508 101.555) 5 1/4% 15/10/79 (250,000) (101.158 101.255) 6 3/4% 15/6/80 (250.000) (103 10B) 6 3/4% 1/12/80 (250.000) (103.10B) 5% T
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      Page 6 Advertisements Column 1
      409 6 THE GREAT BOOKS of the oeautlful, durable bindings is PAVI'I the fundamental ideas of PkMI mMwmW, M I 9 science, history, psychology, feirilV VWI Here in beautiful, durable bindings is the whole record of the fundamental ideas of mankind science, history, psychology, mathematics, theology, literature and poetry. This magnificent library
      409 words
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  • Article
    Shares move narrowly
    456 7 LIGHT t ridini and narrow price movements either way ruled again at the Stock Exchange of Singapore yesterday. Investors and speculators were evidently fighting shy of the market at this stage when the international economic situation is all but clear. Fundamentally, the market has seen a mixed
    456 words
  • Article
    KL mart ends quietly lower
    407 7 THE Kuala Lumpur stock market closed with an easier bias In quiet trading yesterday after tending about steady for the better part of the day. Some buying support, largely credited to covering 1 ana bargain hunting Interest, accounted for the Initial steadiness. This led to
    407 words
  • Article
    Lock icon Earnings drop at Coal and Allied
    159 7 Reuter SYDNEY, Tues. Coal and Allied Industries said unaudited consolidated operating profit fell to A 52.05 million in the first half-year ended Dec 31, 1976 from $3.53 million previously Group revenue was $54.76 million against $48.78 million. The company said the profit is before
    Reuter  -  159 words
  • Article
    Lock icon Suzuki
    48 7 Reuter TOKYO, Tues. A spokesman for Suzuki Motor said his company hopes to market Its cars in Britain and other European countries in the future. He said Suzuki is expected to start technical studies on the production of cars that will meet British standards this year. Reuter.
    Reuter  -  48 words
  • OVERSEAS MARKETS
    • Article
      New York
      1125 7 NEW YORK: A strong advance In US retail sales during March helped stock prices extend last Thursday's prehollday gain but trading volume continued at a sluggish pace on Monday. The market also received a push from Du Post's first quarter earnings estimate, which exceeds earlier Wall Street projections.
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    • Article
      Toronto
      296 7 TORONTO: The marxet closed mixed with declines leading advances 185 to 160 on Monday Trading was light, with the Easter Monday holiday being observed by many dealers. Alminex gained (4 to 8% on higher first quarter net. Northgate Exploration, which reported a loss for the year, fell to $4
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    • Article
      Sydney
      441 7 SYDNEY: Prices eased over a wide front In fairly thin trading, with the Melbourne Exchange still closed, dealers said on Tuesday. The Sydney All-Ordlnarles Index dropped 3.42 points to close at 434.01 points. BHP lost 12 cents to 6.52 after opening firm, while Pancontinenul was an Isolated gainer, rising
      441 words
    • Article
      Manila
      169 7 MANILA: The market was mixed. with oils firm, minings lower and commercials slightly easier, dealers said on Tuesday. Turnover rose to 5.23 million pesos from Monday's 1.33 million pesos Oriental "A" led gains, rising 0.004 to 0.019, and other gainers Included Phil Overseas, San Miguel "A" and "B" Oriental
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    • Article
      Tokyo
      519 7 TOKYO: Prices rose sharply on Wall Street's gain and the government decision to start studies Into building five new super-express railway lines, dealers said on Tuesday. The Dow Jones average gained 42.44 to close at 4,969.00 with volume 180 million shares The new index closed at 371.27, up 2.54.
      519 words
    • Article
      Hongkong
      426 7 HONGKONG: The market closed little changed In fairly low turnover, with lack of buying interest countering Initial firmness, dealers said on Tuesday. The Hang Seng index rose 0.29 points to close 430.43 points. The dealers said Investors are generally hesitant ahead of President Carter's antllnflatlon plan due to be
      426 words
    • Article
      Bangkok
      93 7 APR 12 Bahts Asia Fibre 184 4-6 Bangkok Bank 317 20 Bangkok Invest 201 ♦2 Bangkok-Metro-politan Bank Bala 449 4-8 BerllJucker 271 I Charoong Thai Wire 186 -8 Dumex Duslt Thanl Faber Merlin First Trust Indo-Thal Industrial Finance Corp 1205 90 J And J Ho 286 ♦5 Jalaprathan Cement
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    • Article
      Market holiday
      20 7 STOCK markets In Zurich, Frankfurt, Johannesburg, Paris, Milan, Amsterdam and Brussels were closed yesterday for the Easter holiday.
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    • Article
      Indices
      57 7 FINANCIAL TIMES INDUSTRIAL Monday closed Friday closed Week ago 405.6 DOW JONES AVERAGE INDUSTRIALS Monday 924.10 Friday closed Week ago 915.56 LONDON DOLLAR PREMIUM Monday closed Friday closed H.K. HANG SENG Monday closed Friday closed Week ago 430.95 SYDNEY INDUSTRIALS Monday closed Friday closed Week ago 358.37 ALL ORDINARIES
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  • Article
    Lock icon Geico speculative, say analysts
    784 7  -  By ROBERT METZ NYT SOME insurance stock analysts who have watched the efforts to return the Government Employees Insurance Co. to Its past glory are beginning to view the company as a speculation with some merit. Geico was formed 25 years ago to provide low-cost auto
    NYT  -  784 words
  • Article
    Lock icon Sonesta's fate shows risks of buying into takeover situations
    626 7 NYT NEW YORK, Tues. The I termination of discussions between the Sonesta International Hotels and Loews yesterday rocked the shares I of Sonesta and reminded investors of the heavy risks of buying into takeover situations. Sonesta closed at 3% yesterday, off
    NYT  -  626 words
  • Article
    Bank of Scotland up
    181 7 LONDON, Tues. For the year to Feb 28, 1977 taxable profit for Bank of Scotland shows £9.31 million expansion at £26.77 million. At the midway stage the advance was from £7.42 million to £11.26 million. The final dividend per £1 share is 4.884p net raising the
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      Page 7 Advertisements Column 1
      426 7 THE SYNTOPICON The Syntopicon now makes it possible for anyone to "ask" great thinkers such as Plato, Aristotle, Tolstoy, and Freud about love, art, democracy, Justice or almost any topic conceived by the human mind. The Syntopicon can guide your hand to the proper volume. Your eyes are directed to
      426 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Local and foreign rubber markets
      834 8 THE Singapore rubber market yesterday opened 0.50 cents lower and thereafter trading was slow as operators adopted a wait-and-see attitude after the long Easter holidays, dealers said. The morning session closed very quiet, with April RSS One buyers quoted at 196.25 cents per kilo, down
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    • Article
      Closing prices
      30 8 Rubber: April 12 Singapore: April 195.75 cU (down 1.75 eta.) Malaysia: May 202.25 cts (down 1.25 cts) Tin: $1,392.00 (up $2.00) Official offering: 222 tonnes (down 11 tonnes)
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    • Article
      Straits tin
      162 8 THE Straits tin price In Penang yesterday was up $2 to $1,392 per plcul on an official offering down 11 tonnes to 222 tonnes. In LONDON yesterday, tin had gains of around £32 for Cash and £30 for Three Months in the standard contract. High Grade was £25
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    • Article
      Lead
      59 8 LONDON, Tues. Lead rose by mostly £9 In the morning. Fresh buying and some physical enquiry came to a somewhat oversold market, dealers said, and values worked steadily higher with Three Months trading from a pre-market low of £377 up to a Ring high 0f£389.50. The stocks decline of
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    • Article
      SSR and SMR
      114 8 R.A.S. April 1 Current Mth) Buyer* Seller* (rest* per kg) (Forward Mth) Buyer* Sellar* (cenU per kf) SSR20 SSR50 (1-ton Pallet) (1-ton Pallet) 192 50 191 00 194 50N 193 OON 194 00 192.50 198.00N 194 SON M R.E.L.B. May June SMR5CV SMR5L SMR 5 SMR 10
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    • Article
      Produce prices
      222 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICL'L YESTERDAY. Coconut Oil Bulk SUO sellers, old drum SI IS sellers, new drum $120 sellers. Copra Mixed (loose) UK/Cont. 172 buyers. Pepper Muntok ASTA white f o b. 100% NLW $407 1 1 sellers. Sarawak white f ob 96%
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    • Article
      Zinc
      44 8 LONDON, Tues. Zinc gained £1.75 for Cash £2.75 for Three Months in the morning. The market was subdued although underpinning support stemmed from reports of some physical demand on the continent and the general recovery in other base metals. Sales totalled 575 tonnes.
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    • Article
      Gold
      317 8 IN the Singapore gold market yesterday, the kllobar was traded In the range of 5511.940 to SSI 1,970. Following the steadier undertone in he U8 gold futures market, the loco London gold opened at U*****.90/150.40 and closed at U*****.70/150.20. Trading was quiet and featureless as operators await the European
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    • Article
      Silver
      148 8 LONDON, Tues. Silver gains ranged from two to 1.5 pence per troy ounce in the morning. Dealers attributed the very steady tone to gains at New York and higher gold this morning. But buying interest was light with carries boosting turnover to 33 lots. Three Months closed the Ring
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    • Article
      Copper
      320 8 LONDON, Tues. Copper wire bars declined mostly £1 .In the morning. Values had eased In the B re-market following the ew York trend and news of a new US steel workers' labour contract for the ten largest steel companies. Three Months traded £868 down to £859 before some trade
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    • Article
      Rice
      222 8 BANGKOK, Tues. Indicative prices quoted for rice are: US dollars per tonne fob basis Bangkok White Rice: 100 per cent Ist class 286 100 per cent 2nd 269 100 per cent 3rd 264 5 per cent 254 10 per cent 233 20 per cent 230 25 per cent 227
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    • Article
      Wheat
      101 8 CHICAGO, Mon. Wheat futures closed 1 y« to 1*« cent a bushel higher, finishing at or Just below the day's highs. After early weakness, prices firmed on the strength in soybean futures, with gains In Kansas City futures and expectations of Improved exports adding support. Traders also noted the
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    • Article
      Soybean
      147 8 CHICAGO, Mon. Soybean futures continued to push upward to new season highs in old crop months and finished the day with gains of 20Vj to 4* cents a bushel. Mav reached $9.95 a bushel at the close and July touched $9.96 late In the session. After fluctuating to either
      147 words
    • Article
      Japan cotton imports
      30 8 WASHINGTON. Tues. The US Agriculture Department says Japan will import about 3.1 million bales of cotton in 1976—77, a decline of about 100,000 bales from last season.
      30 words
    • Article
      Sugar
      280 8 LONDON, Tues. Terminal opened £1.75 higher to £0.40 lower on last Thursday afternoon closing levels. Sales totalled 314 lots. Dealers said Initially some buying interest was attracted by the firmer New York market and the near, May position was pushed upto £2.80 higher. But trade selling met the advance
      280 words
    • Article
      Coffee
      380 8 LONDON, Tues. Robusta futures ended the opening call slightly steadier £127 to £152 per tonne up on last Thursday's close. Call volume was 414 lots. May gained £127 at £4,082 while distant March rose £152 at £4,145. Dealers said the rise which featured commission house, local dealer and trade
      380 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        604 8 THE Japanese yen continued its upwatd spiral yesterday against the US dollar for the second successive day despite some intervention from the Bank of Japan In the Tokyo forex market. The yen rose under speculative pressure from the Tokyo and Singapore markets from the opening level of 271.10 yen
        604 words
      • Article
        Asian $ rates
        183 8 Asian rates ASIAN currency deposit interbank rales as at close on April 12 LIS Dollars (Spot) Offer BM 7 days 4 15/18 4 13/16 1 mth 5 4 7/8 2 tilths 5 1/8 S 3 ruths 5 1/4 5 1/8 6 mths 5 9/16 5 7/16 9 mths 5 13/16
        183 words
      • Article
        Discount
        48 8 RANGE of prices offer by discount houses on Aprtl 12 Overnlfht 1* to 3% Call deposit 3S Ctaalag Bay HeUbx 3-Month Treasury bills 3 i 7/1 3-Month Bank bills 4 1 7/1 3-MonthsCD 4 5/16 4 3/l« «-Months 4 1/2 4 3/8 Source: National Discount Co. Ltd.
        48 words
      • Article
        Minimum lending rates (in %)
        58 8 Minimum lending rates (in acbc 6* First Chicago 6*« Algemene Bank 6*1 Citibank 6*4 7 HSBC 7 Bank of America 6*4 Indosuez 6*4 Bank of China 7 Malayan Banking 6*4 Bank of Tokyo 6*. Mitsui Bank 6*4 Bank Negara OCBC 6*4 7 OUB 6*4 Chartered Bank 0*i UCB 7 Chase
        58 words
      • Article
        London
        235 8 LONDON, Tues. The yen approached the 270 level against the dollar in Europe as the Japanese currency extended its recent advance. The yen was in demand as European banks and corporations sought to cover positions In the currency. The yen was Initially quoted In London at 270.50/80 compared with
        235 words
      • Article
        New York
        183 8 NEW YORK, Mon. The dollar closed slightly weaker after a very quiet trading session with Europe closed for Easter, dealers said. News that US retail sales rose 2.4 per cent in March had no Impact. The main interest centred on the yen, which closed sharply higher at 0.3684/85
        183 words
      • Article
        Hongkong
        111 8 HONGKONG, Tues. The yen rose steadily In fairly active trading to close at 270.60/70 against the US dollar, compared with 271.40 mid-point equivalent at the New York close, dealers s«ld. The Japanese unit's rise was in line with Tokyo, they said. Other currencies were quiet and steady, with the
        111 words
      • Article
        Tokyo
        150 8 TOKYO, Tues. The Bank of Japan bought an estimated US$7O million as the yen continued to strengthen reflecting growing market expectation of Its further appreciation, dealers said. The currency closed at 270.75 yen to the dollar for an overnight delivery up from 271.20 at the opening and 272 at
        150 words
      • Article
        Euro $ rates
        171 8 Euro rates LONDON, Tues. Eurodollar deposit rates opened basically steady around Thursday's final levels with trading slow to start after the Easter break, dealers said. They noted the $1.2 billion fall in the US Ml money supply after an expected increase but Fed funds ruled steady around 4H 4 11/16
        171 words
      • Article
        Australia/NZ
        52 8 AUSTRALIA NZ exchanges quoted on April 12 Australia 0.6488/ 0.6417 US dollars 1.1116/ 1.1068 Ninety-day mall buying Sterling 0.6692 US dollars 1.1370 Ninety-day forward buying rates: Sterling 0.6489 US dollars 1.1000 New Zealand: Sterling 0.5606/ 0.5575 US 'Inlf-irc n 9682 0 9582 Ninety-day forward rates: Sterling u no3o US
        52 words
      • Article
        Frankfurt
        33 8 FRANKFURT exchanges opening quotes on April 12 US 2.3820/30 Can 2.2577/97 UK 4.088/103 Neth 96.00/10 Switz 94.05/15 Italy 2.68/69 France 47.83/93 Norway 44.80/88 Belg com 6.515/530 Belg fin 6.51/53 Japan 0.8700/ 8810
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      • Article
        Eurobond prices
        97 8 LONDON, Tues Straight Eurobonds generally firmed 1/8 point in moderate activity. dealers said. The Alcan Australia $25 million 8-1/2 per cent bond due 1989 and priced at 1001/2 traded initially around 101 101-3/4 in active dealing. Also in first time dealing the Republic of Bolivia $15 million 10-1/4
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      • Article
        Lock icon KL Treasury bills
        49 8 Reuter KUALA LUMPUR, Tues. Bank Negara said it Invited applications for Treasury bills totalling MSI 10 million at its weekly tender, closing April 18. It said the tender comprised $30 million of 91-day bills, $30 million of 182-day bills and $50 million of 364days bills. Reuter
        Reuter  -  49 words
      • Article
        Lock icon 'Capital gains tax not in question'
        86 8 Reuter PARIS, Tues. French Deputy Finance Minister Robert Boulln said capital gains tax Is not being called Into question despite the Government's plan to postpone application of the tax to shares and bonds. But he added In a radio Interview he will take advantage
        Reuter  -  86 words
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      Page 8 Advertisements Column 1
      238 8 SoL Jt&lwA/s "AS I WAS PASSING" is now compiled into abook All those articles that you've meant to read, but didn't have time for, but which you promised yourself you'd cut out and keep, and missed, l)ecause the papers had been used to wrap up things, or had been sold
      238 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Ambitious expansion plans for the Suez
      1326 9  -  By MICHAEL TINGAY FT THE SUEZ Canal is an article of faith in Egypt. It has been so since the 1956 nationalisation and the refutation of the British claim that Egyptians could not run the waterway. With the second anniversary of the reopening approaching,
      FT  -  1,326 words
    • Article
      Lock icon Battle of survival for the hourlong documentaries
      653 9 NEW YORK, Tuesday NYT DEFENDERS Of the TV news documentary are slipping further into confusion and despair. In a business geared to audience ratings and maximum profits, the traditional documentary has become an object of tough questioning. Faced with rising production costs, poor
      NYT  -  653 words
    • Article, Illustration
      IN PORT
      529 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aegis Majestic (SXOF) (0200) 35/36 Banggai (after Palm Sea Horse sails) 10/11 Btack Whale (0800) (Subject freeboard) 29/30 Cherry Vilja (B Barge) (1200 tbc after Asian Arrow) 37/38 Dong Nam (1400 after Akihlro Maru) 31/32 Frotatokyo (1100 after Centaur) (Departure Draft 9.75 m)
      529 words
    • Article, Illustration
      FREIGHTER SHIPS BUILDING MATERIALS
      108 9 NINE 6.1 metre containers of building materials required for the Bth Bolivian Athletic Championships were recently taken abroad the Hapag-Lloyd freighter "Bayernstein" (10,481 grt) in Hamburg. Transport of the consignment to the stadium in La Paz will also be undertaken by Hapag-Lloyd together with Patriot Speditionsgesellschaft
      108 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      574 9 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE MAS MH682 0810 KCH PAA PA841 0950 SFO/HNL/GUM CAL CI816 1000 HLP CPA CX710 1000 HLP SIA SQ211 1015 HLP OLA GA980 1030 HLP THAI T0423 1035 BKK THAI TG981 1050 BKK OIA GA908 1100 MES
      574 words
    • Article
      Lock icon Saigon port dredged
      107 9 UPI BANGKOK. Tues. The port of Saigon has been dredged to allow ships of 20,000 tonnes to sail to the South Vietnamese city, the official Vietnam News Agency (VNA) said today. A VNA report monitored here said the Saigon River had silted to a point that only
      UPI  -  107 words
    • Article
      Lock icon Saudi loan to Indon
      62 9 Reuter RIYADH. Tues. Saudi Arabia will extend a US$5O million (SSI2O million) loan to Indonesia for road building projects, a top Central Bank official said here yesterday. Dr Mahssoun Jalal, vicepresident of the Saudi Arabian Monetary Agency (SAMA), told newsmen after meeting an Indonesian delegation that
      Reuter  -  62 words
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      Page 9 Advertisements Column 1
      222 9 FOULKS LYNCH-LONDON in association with FEDERAL PUBLICATIONS is pleased toannounce the inauguration of a local home study centre that will be of special benefit to all accountancy students in South East Asia. Combining the international experience of Foulks Lynch with the specialised local knowledge of Federal Publications, this new service
      222 words
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  • Article
    Lock icon Pogrom, economic crisis in Guinea
    548 10  -  By ALEX FRERE UPI ALMOST one-third of the population of equatorial Guinea has fled abroad in the last 18 months to escape a violent purge being carried out by President Francisco Macias Nguema. according to Western diplomats in this West African capital. The diplomats said
    UPI  -  548 words
  • Article, Illustration
    Lock icon Giscard's task to stop France's swing to the Left
    1492 10  -  By DAVID LAWDAY Reuter PRESIDENT Valery Glscard d'Estalng has exactly one year In which to halt France's relentless swing to the Left and convince the population It should shrink from a new "French revolution." At the moment his chances of success
    Reuter  -  1,492 words
  • Article
    Setback for a common fund
    732 10  -  By JOHN MADELEY RELATIONS between rich and poor countries have received a setback because of the failure of the special United Nations conference on a common fund for com- 1 moditles. The month-long con- 1 ference ended here on April 1 2 with no agreement
    732 words
  • Article, Illustration
    Lock icon Citizenship as valuable as oil in Kuwait...
    851 10  -  By EUGENE BLABEY UPI CITIZENSHIP in the state or Kuwait, like the oil under Its desert, Is one of the world's most valuable possessions. With a per capita Income of about US$l5,OOO (5536.000) a year. Kuwaiti nationals are the richest people on earth.
    UPI  -  851 words
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      298 10 while stocks last! THE TIMES ATLAS of CHINA The Times Atlas of China is far more than a collection of detailed, up-to-date maps. It is an informative, general guide to modern China the land itself, and the economy and peoples it sustains. The Atlas contains maps of China's historical development,
      298 words
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  • Article
    Lock icon Moro leader agrees to join govt
    348 11 Reuter MANILA, Tues. President Marcos today announced that Muslin rebel leader Nur Misuari had agreed to Join a provisional government for an autonomous region in southern Philippines as an initial step towards a peace settlement. But he told inhabitants of the troubled region that
    Reuter  -  348 words
  • Article
    Lock icon Disasters pose major obstacle to progress
    293 11 Reuter MANILA, Tues. A senior United Nations official said here today that natural disasters such as earthquakes, typhoons and floods posed a formidable obstacle to the development of many Asian and Pacific countries. Mr. Faruk Berkol, coordinator of the office of the UN Disaster
    Reuter  -  293 words
  • Article
    Lock icon UK union leaders meet to disc ass pay rises
    224 11 Reuter LONDON, Tues. British trades union leaders meet today to discuss whether to continue cooperation with the Labour Government on curbing pay rises. It Is the first gathering of the Trades Union Council's economic committee since the March 29 budget, In
    Reuter  -  224 words
  • Article
    Seminar on automated systems
    59 11 A SEMINAR on Management's Approach to Word Processing begins today. It will be conducted by Mr. Anthony Mauro, senior vice-president of Redactron. a subsidiary of Burroughs Corp The seminar, organised by Pan Systems, will look into the economic viability f automated systems; whether they can really
    59 words
  • Article
    Lock icon Canton fair
    27 11 AP HONGKONG. Tues. China's month-long biennial export commodity trade fair will be held in Canton beginning on Friday. communist newspapers in Hongkong said today. AP
    AP  -  27 words
  • Article, Illustration
    Lock icon Soviet press lays stress on India ties
    244 11 AP MOSCOW, Tues. The Soviet press is paying major attention this month to Indian Soviet friendship in advance of a visit to India by Foreign Minister Andrei Gromyko (above) and signs the new Indian Government is re-evaluating its relations with Moscow. Mr. Gromyko
    AP  -  244 words
  • Article
    Lock icon Burma looks to oil and fish for earnings boost
    279 11 Reuter RANGOON, Tues. In an effort to boost foreign exchange earnings, Burma Is looking to increased oil production on the one hand and to offshore fishing resources on the other. Burma's crude oil production this year Is expected to reach 11
    Reuter  -  279 words
  • Article
    Lock icon South Korea ready to face drop in investment
    341 11 AP NEW YORK, Tues. A top South Korean economic planner said today his Government is "adequately" prepared to deal with a possible drop In foreign investment In Korea as a result of alleged human rights violations there. "Our development goal is conservative
    AP  -  341 words
  • Article
    Lock icon US will maintain strong air force after Seoul pullout
    358 11 Reuter SEOUL, Tues. The United States will have a very strong air force presence in South Korea after the American ground troops here are withdrawn, as President Carter Is "terribly concerned" about the security oi tnis country, a member of a
    Reuter  -  358 words
  • Article
    Lock icon January rubber exports higher
    183 11 Reuter UPI BANGKOK, Tues Thailand's rubber exports rose to 55,089 tonnes In January, worth U5539.5 million (SS97 million) from 37,132 tonnes in January last year, the Bangkok Bank said. Its bi-monthly commodities review attributed the current heavy demand In world rubber markets, particularly from the US,
    Reuter; UPI  -  183 words
  • Article
    Lock icon Thailand Reds' plan Vietcong style front
    294 11 UPI BANGKOK, Tues. Thailand's Communist Party Intends to set up a front organisation similar to the Vietcong, a spokesman for the Party said In a news release today. Mr. Udom Slsuwan, a former Bangkok businessman, said the communist revolution had reached the stage in
    UPI  -  294 words
  • Article
    Optical's evening
    56 11 AMERICAN Optical Co (S) Pte Ltd will celebrate its seventh anniversary with a cocktail reception at the Hyatt Hotel on April 14. Mr Felix Bloch, the US Charge d'Affairs here, and Mrs Bloch will be guests of honour. The evening's programme will include a slide presentation, and fashion
    56 words
  • Article, Illustration
    Lock icon Incentives galore to woo foreign investors back
    807 11 Depth-news BANGKOK: Prime Minister Thanin's five-month-old Government is trying hard to lure back foreign Investors who switched their interest to other countries during the three-year "democratic chaos" in Thailand. When Mr Thanin spoke recently to several hundred members of five foreign chambers of
    Depth-news  -  807 words
  • Article
    Lock icon Tokyo acts to stem fold-ups
    102 11 Reuter TOKYO, Tues. The Japanese Government today decided on a new emergency financing system to prevent a chain reaction of bankruptcies by smaller firms, the Ministry of Trade and Industry (Mitl) announced. Last month, company bankruptcies reached a monthly record of 1,705 with debts totalling
    Reuter  -  102 words
  • Article
    Lock icon New envoys
    26 11 AP TOKYO, Tues. The Japanese Government decided today to appoint new ambassadors to Saudi Arabia, Portugal, Finland, New Zealand, Sri Lanka and Outer AP.
    AP  -  26 words
  • Article
    Lock icon Vientiane: No sign of further tension
    295 11 Reuter VIENTIANE, Tues. The capital of Laos remained under special security precautions today, though there was no sign of further tension following the recapture by the government of two rebel-held islands. The islands of Ching Chu and Sang Khi, the former near the capital,
    Reuter  -  295 words
  • Article
    Lock icon Trade gap at $3.4 mil
    109 11 Reuter CANBERRA. Tues. Australia's seasonally adlusted visible trade deficit declined to ASI million (553.4 million) In March from a revised $82 million deficit In February, compared with a 93 million surplus In March 1976, the Statistics Bureau reported. The February trade deficit was the first
    Reuter  -  109 words
  • Article
    Lock icon Manila joins
    27 11 UPI MANILA, Tues. The Philippines has agreed to join an international mission which will review agricultural problems In Bangladesh. the Agriculture Department announced today. UPI.
    UPI  -  27 words
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      531 11 APPOINTMENTS MARKETING MANAGER A major International Company with diversified manufacturing and marketing operations wishes to appoint a Marketing Manager for its new Singapore subsidiary which presently imports and distributes a range of snack food and confectionary consumer products supported by heavy media advertising and a substantial sales force The selectsd
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      494 11 MAINTENANCE SECTION MANAGER The C lemical Company of Malaysia Berhod (a member of the ICI Group of Companies) which has been operating in this region for 12 years has an opportunity for a highly experienced mechanical engineer, to join their senior Management team. THE J'JB The successful candidate will be
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  • Article
    Lock icon Peres party's chances better
    290 12 Reuter TEL AVIV. Tues. The ruling Labour Party's electoral chances appeared better today after support from a coalition partner and a decision not to bring Prime Minister Yitzhak Rabin to trial. The small but influential Mapam Party yesterday decided to stay with the Labour alignment for
    Reuter  -  290 words
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    Intraco focuses on new marts
    162 12 INTRACO, the Govern-ment-backed trading company. will concentrate on tapping new markets for local goods and find new and cheaper raw materials for Singapore. In line with these objectives. the company has begun compiling a list of saleable items that can be exported to markets in
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  • Article
    Lock icon Dutch may give up Indonesian aid group seat
    264 12 Reuter THE HAGUE Tues. The Dutch Government may consider giving up the chairmanship of an international consortium on aid to Indonesia, two Amsterdam newspapers reported today. Reports in the rightwing Telegraaf and the leftwing Volkskrant said Development Minister Jan Pronk had suggested
    Reuter  -  264 words
  • Article
    LONDON STOCKS
    771 12 LONDON. Tues Government bonds moved lower reflecting fears that Friday's retail price index may show a further rise, dealers said Falls ranged to a point but thin conditions accentuated the decline, they nrlrled. Equities firmed slightly on small buying interest and absence of selling At 3 00 pm
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  • Article
    Korean company gets US$25m Asian dollar consortium loan
    503 12 A US$25 million Asian dollar consortium loan, with a Singapore-based bank as one of the lead managers, has been granted to a Korean company. Thirteen banks, including six based here, are participating in the sevenyear loan to Hanyung Industrial, a leading Korean
    503 words
  • Article
    Series of meetings to iron out Asean projects
    256 12 SENIOR officials of Asean countries are scheduled to hold a series of meetings over the next five months In an effort to iron out various Asean projects In time for the sumnlt which is expected to be held In August. Asean's finance
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    'No official reports on Straits crash yet'
    139 12 KUALA LUMPUR.Tues. The Science, Technology and Environment Ministry and Marine Department have not received any official reports on the collision between a Japanese tanker and an Indonesian cargo ship in the Straits of Malacca last Saturday. A spokesman for the Ministry said preliminary
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    Lock icon Peacock's visits to three will wrap up Asean tour
    473 12 Reuter SYDNEY, Tues. Australian Foreign Minister Andrew Peacock leaves here tomorrow for talks In Malaysia, the Philippines and Thailand as part of his plan to consolidate relations with Asean. The talks will complete visits to all five Asean countries the other
    Reuter  -  473 words
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    Lock icon US team in Jakarta to look into use of American arms
    478 12 Reuter JAKARTA, Tues. A US Congressional delegation arrived here today to look into the use of American military equipment by Indonesia's armed forces in the context of recent allegations that Indonesianbacked groups committed atrocities during the East Timor civil
    Reuter  -  478 words
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    Lock icon AMMO DUMP FIND BY TROOPS
    183 12 Reuter PADANG BKSAR. Tues. Thai and Malaysian troop* conducting joint operation* in southern Thailand against communist guerillas have found an underground munitions dump, it was announced here today. Malaysian field commander Brigadier General Yusof Din told reporters at this joint forces headquarters that the exact
    Reuter  -  183 words
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    SIA move to wind up SEI
    102 12 SINGAPORE Airlines yesterday petitioned the High Court for the winding up of Singapore Express International, a travel agency. The agency apparently owes SIA several hundred thousands of dollars through Its transactions as a ticketing agent for the airline. In another suit, Mrs. Marian L.
    102 words
  • Article
    YARDS WIN $20mil DEALS
    101 12 LOCAL shipyards have won $20 million worth of contracts from Esso. The contracts are for the drydocking of 17 supertankers and one mediumsize tanker this year, according to the company's newsletter, Esso Singapore News. The newsletter says: •Most of the supertankers will be undergoing a major
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  • Article
    For bank's officers
    68 12 A TWO-WEEK training course for assistant bank officers of the Chartered Bank began here on Monday, with participants from Singapore, Malaysia, the Philippines and Nepal. The course Is being conducted by Mr. Tan Bok Llm, the senior training officer In Singapore. It covers a comprehensive range of
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  • Article
    Lock icon Hua's switch to the 'Mao look' raises eyebrows
    629 12 NYT HONGKONG: Mr. Hua Kuo-feng, the chairman of the Chinese Communist Party, has changed his hair style, letting his crew cut grow longer and combing his hair back from his forehead in a fashion that bears an uncanny resemblance to the late
    NYT  -  629 words
  • Article
    Response to PSA scheme awaited
    459 12 THE Port of Singapore Authority (PSA) Is awaiting replies to its invitations to financial institutions to participate in a bonded warehouse scheme. According to the PSA, Just one reply to the hundred or so letters it has send out a few months ago would be
    459 words
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    Lock icon Hanoi bid to revive Mekong project
    282 12 AP Reuter BANGKOK. Tues. Vietnam will ask a UN commission next week to help it revive an ambitious Mekong River development project that has been stalled since the war ended two years ago. A spokesman for the UN Economic and Social Commission for Asia
    AP; Reuter  -  282 words
  • Article
    Indira takes blame for polls defeat
    137 12 NEW DELHI, Tues. Former Prime Minister Indira Gandhi, In an apparent effort to calm a bitter battle within her Congress Party, said today she accepted full responsibility for its defeat in last month's national elections. "So far as I am concerned, I should like
    137 words
  • Article
    Setting up of exports body: Findings soon
    333 12 THE Singapore Manufacturers' Association is conducting a feasibility study into the setting up of a trade development council here and will probably forward the results of its findings to the government shortly. The study will incorporate the views of the private sector as
    333 words
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      69 12 I ft presents P4R?* A'la carte dinner daily from April 11 to 30, 1977. With three of Maxim's very own chefs to pamper you with haute cuisine. And a Maitre d Hotel to give you "the softest, most personal, and if you desire, the most extravagant treatment" Buffet Luncheon Special:
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