The Business Times, 19 April 1977

Microfilm: NL9063
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, APRIL 19, 1977 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon 'Yen will fall'
      75 1 Reuter TOKYO, Mon. Foreign exchange dealers said today's cut in Japanese bank rate to five per cent from six could lead to a fall in the value of the yen by prompting a general lowering of Japanese interest rates and thus reducing dollar inflows. They cautioned, however,
      Reuter  -  75 words
    • Article
      Lock icon Oil importer Indonesia
      69 1 AP JAKARTA, Mon. Mining Minister Mohammad Sadli said today there was a possibility that Indonesia would be an oil importer by the next decade if the country becomes fully industrialised. Mr. Sadli was commenting on foreign press reports that Indonesia would have to Import oil within the
      AP  -  69 words
    • Article
      Lock icon No Kuwait notice
      69 1 AP NICOSIA, Mon. Kuwait has not notified its crude oil cvlftomers that an additional five per cent increase in prices will come Into effect on July 1, the Middle East Economic Survey said today. Newspapers in Kuwait claimed last week that the oil-producing country had informed its
      AP  -  69 words
    • Article
      Lock icon Upadit-Peacock talks
      61 1 Reuter BANGKOK, Mon. Thai Foreign Minister Upadlt Pacharlvangkun held talks today with visiting Australian Foreign Minister Andrew Peacock and said afterwards that he had been told Australia will do Its best to make South-east Asia stronger. The Thai minister told reporters that Mr. Peacock said that Australia would
      Reuter  -  61 words
    • Article
      Lock icon 'No' to autonomy?
      70 1 Reuter ZAMBOANGA CITY, Mon. Voters appear to have rejected a plan to merge 13 southern Philippines provinces into a single autonomous region, leaving the area's four-year muslim rebellion no nearer to a solution. An unofficial count from Zamboanga City's 242 precincts showed that nearly 45,000 voted against
      Reuter  -  70 words
    • Article
      Work Permit Dept
      25 1 THE Work Permit Department shifted into the former Central Provident Fund building at Anson Road yesterday, according to the Ministry of Labour.
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    • Article
      Lock icon Aussies didn't subscribe
      49 1 Reuter SYDNEY, Mon. The Australian government did not subscribe to the UK government's foreign currency bond offering which closed last Thursday. senior Treasury officials said. They said the run-down in Australia's sterling holdings in recent years gave it little scope to participate in the offer. Reuter.
      Reuter  -  49 words
    • Article
      Lock icon Dow Jones
      42 1 UPI NEW YORK, Mon. Dow Jones averages, based on first hour of trading on the New York Stock Exchange. 30 Indus 943.86, down 3.90; 20 trans 234.90, up 0.48; 15 utils 108.54, down 0.29; 65 stocks 313.16, down 0.73. UPI.
      UPI  -  42 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      173 1 THE Singapore stock market closed lower in quiet trading yesterday. However, only a small number of shares, which came under active profit-taking, recorded significant losses. At the close, the Business Times index dropped 1.81 points to 260.94 and the Straits Times Industrial index slipped 0.41 point to
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    • Article
      In Kuala Lumpur
      122 1 Falls Most active Hong Leong U E (M) $2 50 SO 94': .10 08'» Central Sugars High Low 126.000 62.000 M Banking $5 65 05 General Lumber 52.000 OCBC. $6 85 05 Sime Darby38.000 City Dev $0 85 04' i Total Turnover: 0 62 M C. Sugars
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  • Article
    Poor market holds up four issues
    1045 1  -  DEBUTS IN LATE MAY? By QUEK PECK LIM POOR market conditions appear to be impeding attempts to'bring as many as four local equity issues to the stock market this year. With stock exchange volume hovering around the million unit mark and a whole slew
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  • Article
    FURTHER CUT IN JAPAN'S RATE
    170 1 TOKYO. Mon. Japan lowered the bank rate to five per cent from six per cent, effective tomorrow, the Bank of Japan said. The cut follows a reduction to six per cent from 6.5 per cent on March 12. A Central Bank spokesman said the action
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  • Article
    Our small role in shipping industry
    850 1 NEPTUNE Orient Lines (NOL) leads and dominates the foreign-going sector of the shipping industry In Singapore. But this is not necessarily a matter of pride, stressed Mr. Goh Chok Tong, managing director of Singapore's national line. It only underlines the state of under-develop-ment of
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  • Article
    US most important investor in S'pore
    491 1 THE United States has been Singapore's most Important source of Investment capital since 1970 and its companies here have a considerable multiplier as well as catalytic effect on local and other foreign companies, according to Finance Minister Hon Sul Sen. Mr. Hon, who was
    491 words
  • Article
    DM 100m bond: The joint managers
    275 1 THE proposed DM 100 million bond issue lead managed by Dresdner Bank of West Germany, will be co-managed in Europe by Deutsche Bank and Commerzbank of West Germany, Credit Suisse White Weld of London, Union Bank of Switzerland, and Paribas of France. In Asia,
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  • Article
    Lock icon Air war simmers
    41 1 Reuter BANGKOK. Mon. Britain today rejected Thailand's unilateral abrogation of a 14-month-old aviation agreement as their air war simmered on with no end in sight. The British stand came in a note handed to senior Foreign Ministry officials
    Reuter  -  41 words
  • Article
    Lock icon Rollei sees 1977 as another year of loss
    543 1 Reuter HONGKONG. Mon. Contrary to earlier expectations. Rollei will continue to suffer losses this year. This was revealed by chief executive, Mr. Peter Peperzak. who blamed the setback to the Introduction »y Japanese camera manufacturers of models with fully integrated electronic circuits.
    Reuter  -  543 words
  • Article
    Aviation centre study
    89 1 THE Asean Permanent Committee on Civil Air Transport is organising a survey to examine the possibilities of setting up aviation centres to train Asean students in each of the five member countries. The survey, which is expected to be conducted j over a 22-day period later this
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      77 1 FOo v YVavfoong Mori^ap JUU lICCU and Finance (Singapore) Limited lv lllOSl Shaw House. (ir«>un<l Hoor. 354 Orchard Ruad. Sin)>i|xnr 9. I el: *****7. Wtyfoong MAF A lending hand when you need it most SEE THIS PAGE AND ELEVEN INSIDE Overseas News/TV A Overseas Stocks P? Radio P 2 Commodities
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    • Advertisement
      Page 1 Advertisements Column 2
      63 1 k ■j® n i 7a You can buy almost anything now and arrange payments to suit your personal budget. For further details, write to our Accounts Department for a brochure. HOHI NS( )\S SPECIALISTS' SHOPPING CENTRE Orchard Road Singapore 9 Tel: *****2 SHOPPING HOURS Mons Tues Weds Fri 945 am
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    • Advertisement
      Page 1 Advertisements Column 3
      40 1 U-Bix COMPLETE COPYING SYSTEM APS ELECTRONICS (PRIVATE) LIMITED S T« *****2 (5 L>nni APS ELECTRONICS (M) SDN BHD KUALA LUMPUR T* 2036r2'2*1«0 I ■V m 4^ without success Its creditors were not willing to extend more credits Si n >> Ml
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  • OVERSEAS
    • Article, Illustration
      Lock icon Perez tour linked to oil pricing policies
      693 2 PLAYING MEDIATOR AGAIN? Reuter CARACAS, Mon. Venezuelan President Carlos Andres Perez later this month embarks on a tour of West Asian oil states which could have a vital bearing on oil price policies of the producer countries. The Venezuelan leader, whose country Is
      Reuter  -  693 words
    • Article
      Lock icon FOOD WOES PERSIST DESPITE BUMPER CROPS
      534 2 AP BANGKOK. Mon. Bumper crops in 1975-76 eased food woes throughout much of Asia, but nutrition problems remain serious and may be getting worse, according to a study released yesterday. A Biennial survey released by the United Nations Economic and Social Commission for Asia
      AP  -  534 words
    • Article
      Lock icon FRASER PUTS OFF HIKE IN CRUDE PRICE
      242 2 Reuter AP CANBERRA. Mon. The Australian Government today announced postponement of price increases for Australian crude oil. It did so because of the Government's attempt to put Australia under a wageprice freeze for a threemonth trial period. Prime Minister Malcolm Fraser announced the
      Reuter; AP  -  242 words
    • Article
      Lock icon 'Soviet energy crisis in a few years'
      440 2 AP WASHINGTON, Mon. Russia now Is self-suffi-cient In oil, but In a few years will face an energy crisis that Is likely to sharpen US-Soviet rivalries in West Asia US Central Intelligence Agency (CIA) analysts predict. This Is one of the most startling
      AP  -  440 words
    • Article
      Lock icon 'US will resume uranium supply to Europe'
      140 2 UPI BADEN-BADEN (West Germany), Mon. Guido Brunner, a commissioner at the Common Market's executive commission, said yesterday he believed that the United States and i Canada would soon resume shipments of highly enriched uranium to Europe. Mr. Brunner, a former high-ranking official in
      UPI  -  140 words
    • Article
      Lock icon More seats but no majority
      321 2 Reuter BRUSSELS, Mon. Premier Leo Tindemans scored a personal victory in yesterday's Belgian election with his Social Christian Party winning an additional seven seats in the Lower House of Parliament. But the party Is still far short of an absolute majority and the traditional wrangling
      Reuter  -  321 words
    • Article
      Lock icon City acts to put the lid on bid leaks
      682 2 FT LONDON, Mon. The City's top two regulatory bodies, the Stock Exchange and the Takeover Panel, are taking measures to curb leaks of company information and to avoid the risk of a false market in shares being created ahead of bid
      FT  -  682 words
    • Article, Illustration
      Lock icon PORTUGAL: FIRST TASTE OF REAL STABILITY
      1009 2 Reuter LISBON, Mon. Three years after the "Flower revolution," in which the armed forces ended half a century of right-wing dictatorship, the people of Portugal are experiencing their first real taste of stability under a democratic government. The operative word is ••experiencing" rather than
      Reuter  -  1,009 words
    • Article
      Bill to disclose large soybean, grain sales
      400 3 WASHINGTON, Mon. US Senator Bob Dole said yesterday that he will introduce legislation this week to require the Agriculture Department (USDA) to disclose large US sales of grain and soybeans soon after those are reported to the department by exporters. Agriculture Secretary Bob
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    • Article
      Lock icon Yusof in Moscow
      26 3 Reuter MOSCOW. Mon. Malaysian Justice Minister Abdul Kadir Yusof arrived here yesterday for talks with Soviet Government officials, Tass news agency reported. Reuter.
      Reuter  -  26 words
    • Article
      Lock icon Group of 10 to raise $810 mil loan for Italy
      431 3 PARIS, Monday Reuter REPRESENTATIVES from the Group of 10 Industrialised countries agreed to raise U*****.5 million (SsBlo million) Special Drawing Rights under the general arrangements to borrow in connection with Italy's IMF loan application. Group of 10 chairman Jacques De
      Reuter  -  431 words
    • Article
      Lock icon Good chance for firmer short-term rates if...
      441 3 Reuter NEW YORK, Mon. Despite President Carter's surprise decision last week to drop the US$5O (Ssl2o) tax rebate proposal. Wall Street analysts see a good chance for firmer short-term interest rates in the weeks ahead if money supply continues to grow. While the
      Reuter  -  441 words
    • Article
      Lock icon New jobs plan
      83 3 Reuter RAMBOUILLET. Mon. The French Government will continue to pursue its economic recovery programme and will introduce a new plan to reduce rising unemployment and improve social security benefits. presidential spokesman Jean-Philippe Lecat said. Speaking after a weekend meeting attended by all members of the government and
      Reuter  -  83 words
    • Article
      Lock icon $52 mil contract to build pier
      146 3 Reuter JEDDAH. Mon. Pining Minister Nazer yesterday signed a 74million riyal (Sss2 million) contract with Apco Marine International to buitd a new pier on the Red Sea port of Yanbu'al Bahr. The 207-metre long and 30-metre wide pier will be equipped with modern installations
      Reuter  -  146 words
    • Article
      Lock icon Sol adjusted
      26 3 Reuter LIMA, Mon. Peru adjusted the rate of the sol down to 75.32 sols per dollar from 75.15 previously, the Central Reserve Bank said.
      Reuter  -  26 words
    • Article
      Lock icon Mend wasteful ways, Carter tells Americans
      462 3 Reuter WASHINGTON. Mon. President Carter goes on television tonight to tell Americans, the world's most profligate consumers of energy, that they will have to mend their wasteful ways. He will be trying to win support for the nation's first comprehensive energy policy, the framing
      Reuter  -  462 words
    • Article
      Lock icon Major US companies all set to analyse the energy message
      617 3 NYT WASHINGTON, Mon. Some companies are preparing elaborate position papers, press releases and background briefing books. Others are lining up spokesmen to issue their responses. A few plan nothing special that evening. The cause of the activity is President Carter's
      NYT  -  617 words
    • Article
      Lock icon Dubai LPG for Japan
      67 3 Reuter TOKYO. Mon. C. Itoh and Co Ltd said it has reached basic agreement with the Dubai Government on the supply of about 300,000 tonnes of liquefied petroleum gas annually to Japan on a long-term basis from 1979. It said it received a letter of intent
      Reuter  -  67 words
    • Article
      Lock icon Ship order
      46 3 Reuter TOKYO. Mon. Hitachi Shipbuilding and Engineering Co. Ltd.. said it received an order for a 6,130 d/s tonne roll-on, roll-off cargo ship from DFDS A/F to be delivered by the end of 1978. The ship will cost about 4.6 billion yen, it added.
      Reuter  -  46 words
    • Article, Illustration
      Lock icon NEW YORK PROTEST AGAINST CONCORDE
      416 3 Rueter NEW YORK. Mon. New Yorkers opposed to the Anglo-French Concorde say they will return in force to Kennedy Airport every week if necessary in their campaign to block landing rights for the supersonic airliner here. The protestors made the threat yesterday after failing to
      Rueter; AP picture  -  416 words
    • Article
      Lock icon Raising money through state lotteries
      270 3 AP WASHINGTON, Mon. American states hungry for revenue are increasingly turning to state lotteries and other forms of legalised gambling to raise cash Lotteries run by 13 states grossed US$l.l billion (552.6 billion) last year or a 25-fold increase over five years earlier, according to
      AP  -  270 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      85 2 Your Gift from Aramis of Isetan (April 15-29) Aramis. Peppery and potent. The scent of success. And more than that, a whole Master Plan for maintaining your body in peak physical condition. Buy 2 Aramis items now and receive this valuable bonus a 4 piece gift set comprising Aramis Bracing
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      50 2 WEATHER report for 24 hours prior to 7.30 p.m. on April 18 at Singapore airport. Maximum Temperature 34.1° C Associated Humidity 60 Minimum Temperature 24.8° C Associated Humidity 98 Hours of Sunshine 8.00 Rainfall in Millimetres nil Total Rainfall for the Month 16.6 Total Rainy Days for the Month 5
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      272 2 RADIO TV SINGAPORE 5 3.00 P.M. Opening Announcements followed by Flying Nun (r)* 3.30 Diary of Events (English) 3.35 Magazine Zero One (r)* 3.50 General Hospital 4.30 Intermission 6.05 P.M. Opening Announcements followed by Boy Dominic Lodgings To Let 15 6.30 News in Brief* 6.35 Porky Pig Show* 7.00 News
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      213 3 CD ARAB-MALAYSIAN DEVELOPMENT BANK BERHAD The bank is looking for young dynamic Malaysian citizens to fill the following positions: COMPANY SECRETARY/LEGAL OFFICER (ERS 77/4/110) Preferably male Bumiputra with a recognized law degree and with practical experience preferably in the Government sector Will be responsible for drawing up agreements and handling
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    • Advertisement
      Page 3 Advertisements Column 2
      152 3 v I i :i iii fl 1 jr Nordic Bank opens in Hong Kong Nordic Asia Limited our wholly owned subsidiary in Hong Kong now extends the services offered by our Singapore Branch throughout the Far East Contact us direct in London, Singapore or Hong Kong SHIPPING FINANCE LOAN SYNDICATION
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      48 3 BriStdW :fta*Dicteos UiNTfeC N«CbM my JtPiT M feReD Ffiieto is oNsenieo n ,C" W see. ncxo «ESTU£S& ne. IS p> PRiORI VoOCC. is tocjG>HG» M<m ScmeuMtfaE. our voice «s calling, cauwg a Cone «u>«y. cone BRist&uj Hou) wrhy Tinges musT i Tau. —COMC fiuiftf Rtem > thptt mmoui riif
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  • COMPANY NEWS
    • Article, Illustration
      Tradewinds scheme is complete
      387 4 WORLD'S LARGEST TIN MINING COMPANY THE move in domicile of the four British companies, Malayan Tin Dredging. Southern Malayan Tin Dredging, Southern Klnta Consolidated and Kamunting Tin Dredging, will bring the New Tradewinds scheme to virtual completion, resulting in the biggest tin mining company in the
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    • LATEST RESULTS
      • Article
        SETRON
        58 4 Audited group net profit $2.85 million (52.54 million) for the year ended Dec 31, 1976. Profit is after tax 51.61 million ($1.87 million), depreciation $925,000 ($860,000) and minority interest $617,000 ($661,000). First and final gross dividend 12'/i per cent (10 per cent, tax exempt) payable June 20 to shareholders
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      • Article
        MALAYAN UNITED INDUSTRIES
        23 4 Group pre- tax profit M 5254,104 ($218,144) for the year ended Dec 31, 1976. Parent company pre-tax profit $7,021 ($134,724).
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    • Article
      PEOPLE IN BUSINESS
      78 4 THE M B. Melvani group of companies has announced the appointment of Miss Maudrene Tan as marketing manager. Mr. H. K. Ham has been promoted general manager of Melvani's Men's Shop. Mr. T. Shinohara, a former official of the Ministry of Transport (MOT) Japan, is now the
      78 words
    • Article
      G. Lumber
      60 4 THE damage caused by a fire at the Petallng Jaya sawmill of General Lumbur (Holdings) on March 27 this year will not materially affect Its operations. The company says in a letter to the Stock Exchanges of Singapore and Kuala Lumpur that the two kilns and 60 tons
      60 words
    • Article
      Lock icon $177 mil buy by Keco
      70 4 AP SEOUL, Mon. Korea Electric Co. has ordered power plant facilities, valued at US$72 million (SSI77 million) from United Technology Co. of the United States for delivery this year, the state-run Korean firm said today. It said that the orders are for five 55,000-kllowatt gas
      AP  -  70 words
    • Article
      Lock icon Union Oil
      51 4 Reuter LOS ANGELES. Mon. Union Oil of California said It agreed in principle to acquire Molycorp for a taxfree exchange of stock. Each Molycorp common would be converted into 1.035 shares of Union common. Molycorp would call all its outstanding preferred stock prior to completion of the merger.
      Reuter  -  51 words
    • Article
      CRM plans joint venture company to mine tin in Kuala Langat
      817 4 AN Anglo-Australian mining company, Conzinc Riotinto Malaysia Sdn Bhd, is planning to build a second tin dredge in partnership with Malaysian interests to work a lease in Kuala Langat. Selangor. Its proposed partners are believed to be Kumpulan Perangsang
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    • Article
      DIVIDENDS ANNOUNCED
      652 4 Current Ex Date Total for Total for payment Date payable the year previous year Austral Enterp. 20% I Mar 31 Apr 20 20% I 20% Talam Mines 5%I Mar 31 Apr 20 15%I 15% (roodwood Park 7.5% Mar 23 Apr 20 7.5% 7.5% Hotel Malaysia 5% Mar 23
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    • Article
      DBS makes 60pc gain through the help of its subsidiaries
      1111 4 AT a time when annual reports tended to be long on photographs and short on facts, the governmentsponsored Development Bank of Singapore has presented a very informative account of its 1976 operations. Besides the annual array of facts. DBS has
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    • COMPANY MEETINGS
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      195 4 Give us a 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
      195 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon High tin prices will aid Abminco
      207 5 Reuter MELBOURNE. Mon. There are encouraging signs the present high prices for tin will be maintained this year and this may also be true for tungsten, Abminco chairman Mr. G.N. Moore told the annual meeting for the year ended Nov 23, 1976. This should
      Reuter  -  207 words
    • Article
      Lock icon Kawasahi, C. Itoh win order
      104 5 Reuter TOKYO. Mon —Kawasahi Heavy Industries and C. Itoh said they jointly won a 6.5 billion yen order from Algeria's Soc Ete National de Siderurgie (SNS) for the supply and installation of three units of oxygen converter gas treating equipments. The plants will be installed
      Reuter  -  104 words
    • Article
      Lock icon Philippines National Power
      81 5 Reuter HONGKONG, Mon -The Philippines National Power is seeking a US$65 million, seven year loan for a power system to be established in southern Luzon to rationalise energy flow, banking sources said. They said the loan is expected to come to market next week, and the interest
      Reuter  -  81 words
    • Article
      China Light cuts interim
      60 5 HONGKONG, Mon. China Light and Power has declared a second interim dividend of 20 HK cents for the year ending Sept 30. 1977 on the capital increased by its five-for-11 scrip issue. This compares with its previous second interim of 25 cents. The company paid a
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    • Article
      Weyerhaeuser
      36 5 NEW YORK, Mon. Weyerhaeuser made first quarter earnings of U5569.6 million ($60.8 million) on sales of $739 million ($642 million). This is equivalent to 53 cents a share compared with 46 cents a share previously.
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    • Article
      Lock icon Bayer, Basf and Hoechst
      198 5 Reuter FRANKFURT, Mon.— West Germany's three major chemical companies Bayer, Basf and Hoechst are expected this month to announce 1976 dividend rises of at least one mark, chemical Industry sources said. Following the Industry's sharpest dip In earnings for 25 years Bayer and Basf cut their
      Reuter  -  198 words
    • Article
      TSE
      86 5 TOKYO, Mon. The Tokyo Stock Exchange said It decided to lower the margin requirements for Green Cross to 50 per cent including 10 per cent In cash from 60 per cent including 30 per cent In cash, effective immediately. It also said it decided to tighten the margin requirements
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    • Article
      Lock icon M. Hanover unit in Bahrain project
      252 5 Reuter NEW YORK, Mon. Manufacturers Hanover Corp said Its subsidiary Manufacturers Hanover Ltd. signed a US$2O million Eurodollar loan agreement and a £7.6 million export credit to assist In financing a 350-room Sheraton Hotel and Shopping Centre to be built In Bahrain. Both the
      Reuter  -  252 words
    • Article
      Lock icon Bougainville Copper notes
      90 5 Reuter PANGUNA. Papua New Guinea. Mon. Bougainville Copper Finance proposes to offer US$25 million principal amount of guaranteed notes due 1984 Bougainville Copper Ltd. said. An international group of underwriters headed by Morgan Stanley International, Dresdner Bank, Union Bank of Switzerland (securities), Bank of America International, Klelnwort
      Reuter  -  90 words
    • Briefly
      • Article
        Lock icon Renault hopeful
        89 5 Reuter PARIS. Mon. Final accounts for Regie Nationale des Usines Renault are ex[>ected to show the company ast year returned to profit after a net 551 million franc loss in 1975, informed sources said. They said the accounts, which are not yet complete, are also expected to show
        Reuter  -  89 words
      • Article
        Daiichi Seiyaku
        86 5 TOKYO. Mon. Daiichi Seiyaku said it reached an agreement with Merck of the US to liquidate their equally-owned joint venture, Daiichi Merck Sharp and Dohme by the end of June. It said the" termination was because the Health and Welfare Ministry did not approve domestic sale of a
        86 words
      • Article
        ICI (A)
        55 5 SYDNEY, Mon. ICI Australia will spend about As6o million to build a polypropylene plant at Botany, a Sydney suburb, New South Wales Premier Neville Wran said over the weekend. Construction will begin after ICI demolishes an ammonia plant currently on Its site at Botany and will take about
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      • Article
        Noranda
        81 5 MONTREAL, Mon. Noranda's Canadian Coppe. Refineries subsidiary, which was struck last week by members of the United Steelworkers of America, said it still hopes for an agreement with the union. The strike Idled an annual capacity of 480,000 short tonnes at the Montreal east refinery. "The company still believes
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      • Article
        Burroughs
        49 5 NEW YORK, Mon. Boosted by revenue of U*****.6 million, net earnings at Burroughs, rose nine cents to 70 cents a share In the first quarter this year. Revenue in the previous quarter amounted to $405.3 million. The absolute net earnings were $28.39 million against $24.27 million last time.
        49 words
      • Article
        TWA
        57 5 NEW YORK. Mon. Trans World Airlines reported that it suffered a net loss of US$4B.9 million or $3.51 a share In the first quarter this year compared with a loss of $45.8 million or $3.39 a share previously. Revenue rose to $683.3 million from $611.2 million while operating expenses
        57 words
      • Article
        Lock icon Isuzu Motors
        78 5 Reuter TOKYO, Mon. Isuzu Motors said It will pay a dividend for the current year ending Oct 30 for the first time in seven years. Company president Mr. Toshlo Okamoto did not disclose the amount of dividend. But he told reporters he expects to report profit before-tax and
        Reuter  -  78 words
      • Article
        NCR
        52 5 NEW YORK, Mon. First quarter earnings at NCR. Increased to 62 US cents a share from 54 cents previously. Net earnings of $16.61 million for the quarter was achieved on the back of sales of 5515.3 million compared with net earnings of $13.22 million and sales of $471.1 million
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      • Article
        Lock icon ANZ
        58 5 Reuter LONDON, Mon.. ANZ Group Holdings said the U. 5 per cent of its recent one for five rights issue not taken up, some one million shares, was sold to eight Australian institutions and one sharebroker at an average price of A 53.19. The proceeds will be distributed to
        Reuter  -  58 words
      • Article
        Nordchoklad
        28 5 ZURICH, Mon. The 25 million Swiss franc, 6 1/4 per cent, 15 year loan floated on the Swiss market by Nordchoklad was heavily oversubscribed, Bank Hofmann said.
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    • Article
      Lock icon Hamersley higher revenue forecast
      185 5 Reuter MELBOURNE, Mon. Hamersley Holdings said It will boost Its revenue In 1977 without increasing Iron ore exports. Company chairman Mr. Russell Madlgan told the annual meeting that based on current orders and the poor state of the world steel Industry, Hamersley expects to ship similar
      Reuter  -  185 words
    • Article
      Lock icon IBM unveils new system
      80 5 Reuter ATLANTA, Mon. International Business Machine's systems division announced a new discoriented data processing system, "System/ 34," and said It upgraded the function and range of Its existing "Series/ 1" general purpose computer. The System/ 34, IBM said, brings dally operating information and computer processing to
      Reuter  -  80 words
    • Article
      Lock icon IHI
      37 5 Reuter TOKYO, Mon. The Abu Dhabi Government has granted a 21 billion yen order to IshlkawajlmaHarlma Heavy Industries (IHI) for construction of sewerage facilities at Mafraq. about 32 km east of Abu Dhabi City, IHI said.
      Reuter  -  37 words
    • Article
      Lock icon Commonwealth claims rejected
      208 5 Reuter SAN ANTONIO. Texas, Mon. Commonwealth Oil, said the Federal Energy Administration has denied the company most of the relief it sought. The company said It will immediately file an appeal with FEA administrator Mr. John O'Leary. It said the FEA did, however, grant retroactive relief of
      Reuter  -  208 words
    • Article
      Lock icon Allied Chemical expects strong second quarter
      169 5 Reuter MORRISTOWN, NJ, Mon. Allied Chemical expects a strong second quarter, chairman Mr. John T. Connor said in a statement with the first quarter financial results. In the year-ago second quarter, Allied Chemical earned U5537.2 million or $1.33 a share, up two per cent
      Reuter  -  169 words
    • Article
      Lock icon Akzo: A modest profit
      124 5 Reuter ARNHEM, Mon. Akzo said It should be able to make a modest profit in 1977 after the 1976 net loss of 153 million guilders after extraordinary items, but the board declined to be more specific. This does not mean Akzo will automatically pay a dividend
      Reuter  -  124 words
    • Article
      Lock icon Outlook bright at American Can
      155 5 Reuter GREENWICH. Conn. Mon. American Can said the improving economy, strengthening demand for its products and on-target performance improvements have Increased its confidence In continued profit improvement for 1977. In 1976 the company earned US$lOO.9 million. The company saida higher effective tax rate depressed Its
      Reuter  -  155 words
    • Article
      Lock icon Uncertainties prevailing
      943 5  -  MINING INDUSTRY By Paul Cheeseright FT UNCERTAINTIES abound. Deluded by the false dawn of international economic recovery last year, mining industry leaders are prepared to concede that 1977 may be better than 1976, but they dilute even cautious optimism with warnings about inflation and prices, not to speak
      FT  -  943 words
    • Article
      Lock icon Shell Oil to meet on stock split
      162 5 Reuter HOUSTON, Mon. Shell Oil said Its shareholders will vote at the annual meeting on April 28 on a proposal raising the number of common shares authorised to 250 million from the current 80 million to allow for a previously-announced two for one
      Reuter  -  162 words
    • Article
      Lock icon Petrobras to seek tenders
      124 5 Reuter RIO DE JANEIRO, Mon.— The Brazilian state oil monopoly company, Petrobras, expects to Invite tenders next month for the exploration of 18 to 20 additional areas under risk contracts, a Petrobras spokesman said. While the exact locations of the new areas have still not been
      Reuter  -  124 words
    • Article
      Lock icon Indonesia
      72 5 Reuter JAKARTA, Mon. Indonesia plans to build a seven storey block in central Jakarta to house its future stock exchange, Antara News Agency reported. The plan has been approved by Finance Minister Mrs. All Wardhana but no date has been set for the beginning of construction work. The stock
      Reuter  -  72 words
    • Article
      Lock icon Berkey takes on Eastman Kodak
      597 5 NYT NEW YORK. Mon. Berkey Photo, a pygmy enterprise that battles the giants of the photographic industry on many fronts, will enter a federal courtroom next month to take on the biggest of them all, Eastman Kodak. In a US$3OO million antitrust suit one of
      NYT  -  597 words
    • Article
      Lock icon Big NY banks face isolation prospects
      298 5 Reuter LONDON, Mon. The big New York money centre banks are taking their firmest stand so far in resisting declining Interest rate fees on large syndicated Eurocurrency loans, by declining to participate In a major US$6OO million borrowing by Electriclte De France (EDF), European
      Reuter  -  298 words
    • Article
      Lock icon Saskatchewan debentures
      83 5 Reuter WASHINGTON, Mon. The Province of Saskatchewan filed a registration statement with the Securities and Exchange Commission for US$l25 million of debentures due 2007. Underwriters are Salomon Brothers, Dominion Securities, Goldman, Sachs and A.E. Ames. The province said 60 per cent of the proceeds of the sale of
      Reuter  -  83 words
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      Page 5 Advertisements Column 1
      153 5 c fjfi by S/NGAPOPE A/RL/t The Mandarin Singapore presents an evening with the beautiful See Diahann Carroll, one of America's most exciting nightclub, stage and screen personalities. Among her credits: Tony Award Winner for the Broadway musical "No Strings", written specially for her by great American composer Richard Rogers. t
      153 words
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  • Article
    Share Information Service
    2120 6 Gr's Gr* Net 1977 Lut div Div y'ld Vol Day High Low Company Sale ♦or- c'vr P/E High Low SECTION ONE INDUSTRIALS 146 136 Acma 145 12 ON 1.1 8.2 7.3 133 127 Acma A 131 12.ON 1.1 9.1 6.6 204 204 Alcom 204 10.0 0.5 4.9
    2,120 words
  • Article
    Transactions in Singapore
    1170 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1000 units unless otherwise specified All Time Settlement Contracts are quoted after the word Sett." Big Board
    1,170 words
  • Article
    In Kuala Lumpur
    1375 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 Aetna <1 39 Bi Loytape (0 47{8> Apnomoto <2.0181. Alcom <1
    1,375 words
  • Article
    Stock options
    106 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) (0 058 0.08S) 0.U.8. (June $3.50) (0.08S). Pan Electric (June $2.10) (0.04B).
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  • Article
    Unit trusts
    165 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' price* for Apr 19) (Current price*) The Commerce 1 73 1 83 INCOME BOND 1 04 1.10 The Saving Fund 0 89 0 94 MARA BUMIPUTRA FUND S pore Prog Fund 0 79 0 84 (Managers' prices for Apr 19) S
    165 words
  • Article
    Corporate bonds
    171 6 B O T 8 1/2% 1981 (100,000) (1038 103 S .S) D B S 8 1/2% 1982 (100.000) (100 »B 100 3 «S) DBS Converts 6 1/2% 1991 (100.000) (97U8 98S) E I B 9* 1982 (100.000) (103',8 104 US) E 1 B 8 1/4% 1983 (100.000) (100'
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  • Article
    Domestic govt bonds
    119 6 5 1/2% 15/4/78 (250.000) (101 558 101 655) 5 15/7/78 (250.000) <101 488 101.535) 6 l/ 2"& 15/8/78 (250.000) (103.10B) 7*X 1/7/79 250.000) (104 70B) 5 \/2% 1/10/77-79 (250,000) (101.508 101 525) 5 1/4% 15/10/79 (250.000) (101.158 101.255) 6 3/4% 15/6/80 (250.000) (103 30B) 3/1% 1/12/80 (250.000)
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  • Article
    Small losses at SES
    425 7 SHARES ended generally lower on scattered selling at the Stock Exchange of Singapore yesterday. The market remained cautious as fresh trading interests were clearly lacking. Investors, were noncommittal in the light of renewed profit-taking and the continued withdrawal of institutional buyers. However, only a small number
    425 words
  • Article
    Mild selling in KL mart
    404 7 SHARE prices came under mild selling pressure at the Kuala Lumpur Stock Exchange yesterday. Despite last week's brief rally, the market apparently could not master sufficient follow-through support. Shares were initially traded at around last Friday's closing levels, but some stoploss selling and light liquidation
    404 words
  • Article
    Turnover rises in Smiths Industries
    189 7 LONDON. Mon. Turnover for the 26 weeks ended January 29 1977, of Smiths Industries expanded by 26 per cent to 104.25 m. and after lower interest charges of 1409.000 compared with t744,000. Pre-tax profits were 23 per cent higher at 19.56 m. against £7.38 million.
    189 words
  • Article
    Lock icon AT and T expects big shareholders' turnout
    725 7 NYT NEW YORK, Mon. Sixteen years ago, when American Telephone and Telegraph held Its annual meeting the first outside New York City it was In for a shock. Attracted by prospects of a close look at the top brass and a free lunch,
    NYT  -  725 words
  • OVERSEAS MARKETS
    • Article
      Sydney
      366 7 SYDNEY: Share prices closed lower in dull trading on Monday, with banks, industrials, minings and golds generally lower, dealers said. BHP fell 22 cents to 6.34 exdividend. and Bougainville, MIM and Kenison eased GMK lost four to 43. Woodside Burmah, however, rose three to 89 and Hooker two to
      366 words
    • Article
      Hongkong
      455 7 HONGKONG: The market rose sharply in active trading on Monday, mainly on local buying encouraged by the recent series of good corporate results and the decline In local interest rates, dealers said. The Hang Seng index rose 9.65 points to close at 446.31 points. Swire Pacific gained 45 cents
      455 words
    • Article
      Manila
      181 7 MANILA: The market was lower across-the-board, led by minings following the decline in metal prices on Monday, dealers said. Total turnover was lower at 1.3 million pesos compared to last Friday's 2.92 million. Acoje Mining, Atlas Con A and B, Baguio Gold. BF Goodrich, B. Picop A. Philex A.
      181 words
    • Article
      Tokyo
      456 7 TOKYO: Share prices closed slightly lower on Monday, as late profit-taking erased most of earlier gains, dealers said. The Dow Jones average lost 2 96 to close at 5.034.77. with volume 190 million shares. The new index closed at 374.97. down 0 29 The market rose initially following passage
      456 words
    • Article
      Bangkok
      92 7 APK IH Bahts Asia Fibre 184 -10 Bangkok Bank 327 -8 Bangkok Invest 183 -5 Bangkok-Metro-politan Bank Bata 451 -4 BerllJucker 260 -3 Charoong Thai Wire 189 -1 Dumex DusltThanl Faber Merlin First Trust Indo-Thal Industrial Finance Corp 1395 100 J And J Ho 229 -68 Jalaprathan Cement 158
      92 words
  • Article
    Profit up at Brown Boveri
    230 7 LONDON. Mon. Pre-tax profit of Brown Boveri Kent for the nine months to endDecember, 1976. was £3.04 million on turnover of £47.14 million. In the previous year, turnover was £55.01 million and profit £2.45 million. The group has changed its accounting period to coincide with
    230 words
  • Article, Illustration
    Lock icon More Yankee bonds after US lifts tax
    1869 7  -  By TONY HAWKINS FT FOREIGN borrowing In the 1 New York capital market I has shot up since the lifting of the US Interest Equalisation Tax (lET) In January 1974. Figures compiled by Morgan Guaranty show that last year, foreign borrowers raised lust
    FT  -  1,869 words
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      Page 7 Advertisements Column 1
      345 7 Yes, Penguin books are not to be found in any ordinary shop. ot n roac s c: e stalls. Heavens, certainly not in the jfkpasar ma/am! Because Penguin books are rather Jp special. They are mind-stimulating, deeply researched, H entertaining in a wholesome way, highly educational gTci-Li %l J Ikfl
      345 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Local and foreign rubber markets
      807 8 IN the Singapore rubber market yesterday, opening quotations were marked down fractionally following easier overseas advices and prices fell further on lack of orders and incentives, dealers said. May was traded at a low of 199.50 cents before some short-covering helped prices to recover marginally
      807 words
    • Article
      Closing prices
      30 8 Rubber: April 18 Singapore: May 199.50 cts (down 0.75 ct.) Malaysia: May 201.00 cts (down 1.25 cts) Tin: $1,429.00 (up $6.00) Official offering: 200 tonnes (down 35 tonnes)
      30 words
    • Article
      Straits tin
      118 8 THE Straits tin price in Penang yesterday, was up $6.00 to $1,429.00 per plcul on an official offering down 35 tonnes to 200 tonnes. In LONDON yesterday morning tin lost around £57 for Cash and t'so for Three Months in both contracts. Prices were steady in the pre-market
      118 words
    • Article
      Gold
      155 8 IN the Singapore gold market yesterday, the kilobar traded in the range of 5512.080 to 5512,120. The loco London gold opened at US$l5l.BO/ 152.20 and softened towards the close at U*****.50/ 151.90. The London morning fix was US$l5l.OO up 35 cents from the previous fix. Source: Singmas The Singapore
      155 words
    • Article
      SSR and SMR
      112 8 May June R.A.S. (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Seller* I cents per kg) (cet ■u per kg) SSR20 (1-ton Pallet) 194.00 195 00N 195.00 190 OON SSR50 (1-ton Pallet) 192 00 193.OON 193 00 194 OON M.K.K.L.B. SMR 5CV (1-ton Pallet) 220 50 222 50N
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    • Article
      Rice
      191 8 BANGKOK, Mon. 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 15 per cent 230 20 per cent 227
      191 words
    • Article
      Produce prices
      122 8 t HINK.SK PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICKS PER Plt'L'L YESTERDAY. Coconut Oil Bulk $110 sellers, old drum $115 sellers, new drum $120 sellers. Copra: Mixed (loose) UK/Cont. $71 buyers. Pepper Muntok ASTA white f ob 100% NLW $405 sellers. Sarawak white f ob 96% NLW $385 sellers.
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    • Article
      Copper
      124 8 LONDON, Mon. Copper wire bars fell by £15 per tonne for Cash and £13 for Three Months in the morrting. The market was barely steady In the early premarket where Three Months traded at £858 per tonne following a modest rally in New York on Friday. Subsequently, values worked
      124 words
    • Article
      Silver
      84 8 LONDON, Mon. Silver rose by 3.2 to 3.5 pence per troy ounce in the morning. Values were marked up at the outset of the premarket following the gains at New York on Friday with Three Months initially trading at 289.0 pence. The market receded from this level reflecting the
      84 words
    • Article
      Lead
      94 8 LONDON, Mon. Lead finished with gains of £1.75 per tonne for Cash and L 0.75 for Three Months in the morning. The market declined in pre-Ring dealings reflecting the trend In copper with scattered liquidation taking Three Months down to 1377. But the lower levels found some trade pricing
      94 words
    • Article
      Zinc
      42 8 LONDON, Mon. Zinc eased by mostly £1.50 per tonne In the morning. This metal was shaded in price during very thin trading. Three Months finished the Ring changing hands at £383 and the Kerb at £380.50. Sales were only 750 tonnes.
      42 words
    • Article
      Coffee
      121 8 LONDON, Mon. Robusta futures ended the opening session about steady £22 to £1 up on Friday's close. 181 tots were traded. Early trading was quiet and somewhat thin in a market devoid of news. Dealers attributed the fractional gains to scattered buying interest following a steadier New York "C"
      121 words
    • Article
      Sugar
      176 8 LONDON, Mon. Sugar futures opened £4.60 to ,C 2.10 above Friday afternoon levels. Sales totalled 2,765 lots. Dealers said most of the gains were recorded on Friday night against a background of commission house rumours of recent Soviet buying activity. Also, aiding sentiment was the trade talk in the
      176 words
    • Article
      Lock icon Workers left out of coffee bonanza
      827 8 AP IPIPORA, Brazil. Mon. Coffee, exported at more than US$3.OO a pound, has made instant millionaires of some coffee plantation owners here in Southern Brazil, but the migrant labourer still earns only about a penny for each pound of beans he picks. While Brazil's
      AP  -  827 words
    • Article
      Lock icon US soybean buyers
      292 8 Reuter WASHINGTON, Moil. The US Agriculture Department reported that over 350,000 tonnes of soybeans, previously classed for unknown destinations, went to four West European countries during the week ended April 10. In its latest export sales report the department reported that, for the previous week ended April
      Reuter  -  292 words
    • Article
      Lock icon Coconut exports
      55 8 Reuter MANILA, Mon. Philippine coconut exports (copra terms) declined to 400,451 tonnes In the first quarter of this year from 579,883 tonnes in the first quarter of 1976, the United Coconut Association of the Philippines said. The exports earned U*****,85 million however, against U*****,63 million in the first
      Reuter  -  55 words
    • MONEY AND EXCHANGES
      • Article
        Frankfurt
        45 8 FRANKFURT exchanges opening quotes on April 18 US 2.3590/ 3600 2.3682/ 92) Can 2.2450/ 70 UK 4.050/ 065 Neth 95.73/ 83 Switz 94.00/ 10 Italy 2.650/ 665 France 47.48/ 63 Norw 44.93/ 45.01 Belg com 6.503/ 518 Belg fin 6.51/ 53 Japan 0.8580/ 95
        45 words
      • Article
        Eurobond prices
        367 8 LONDON, Mon. Dollar Eurobonds maintained the firmer levels established last week following President Carter's announcement of his anti-inflation package, though the market was basically quiet, dealers said. Canadian Issues continued last week's firm trend with turnover fairly active and, where changed, were quoted around Vfc point higher. Mark
        367 words
      • Article
        Lock icon KL Treasury bills
        83 8 Reuter KUALA LUMPUR, Mon. Bank Negara said It awarded MS3O million each of 91-day Treasury bills at an average rate of 3.121 per cent compared with the previous 3.112 per cent and 182-day bills at $3,886 million (3.870 per cent). It also awarded $50 million of 364-day
        Reuter  -  83 words
      • Article
        Singapore
        553 8 THE US dollar recovered lost ground yesterday In the Singapore foreign exchange market despite initial uncertain and erratic trading. It made spectacular gain of one yen from yesterday's low of 273.30/ 40 yen to hit 274.30/ 40 when the London market opened. It opened in Singapore at the 273.50
        553 words
      • Article
        Asian $ rates
        181 8 Asian rates ASIAN currency deposit Interbank rates as at close on April 18 US Dollar* (Spot) Offer Bid 7 days 4 7/8 4 3/4 1 mth 5 1/16 2 mths 5 1/16 4 15/16 3 mths 5 3/16 S 1/16 6 mths 5 7/18 5 5/16 9 mths 5 5/8
        181 words
      • Article
        Discount
        50 8 RANGE of prices offered by discount house on April 18 Overnight m to 3 Call deposit 3H Closiaa B.y 9eil 3-Month 2 7/8 Treasury bills 3 3-Month 3 15/16 Bank bills 4 1/16 3-Months CB 4 7/16 4 5/16 6-MonthsCB 4 9/16 4 7/16 Source: National Discount Co Ltd
        50 words
      • Article
        Euro $ rates
        122 8 Euro rates LONDON, Mon. Eurodollar deposit rates opened little changed from Friday's final levels and traded steady after the opening, with trading slow to start after the weekend, dealers said. One Month opened around 1/4 higher due to a Friday end of period but other longer positions were unchanged. Early
        122 words
      • Article
        London
        279 8 LONDON, Mon. Sterling and the dollar weakened In early European currency trading, with the US currency depressed by disappointment In markets over President Carter's anti-lnflatlon programme published on Friday. Sterling edged down to $1.7174/ 77 from $1.7177/ 80 on Friday. Futher opposition to an extension of British wage restraint
        279 words
      • Article
        Hongkong
        121 8 HONGKONG, Mon. The US dollar rose to HK54.6460/80 from Friday's $4.6375/95 in moderately active trading, responding to a further easing in short term money market rates, dealers said. Overnight and call rates fell to around one per cent from 1.5 per cent on Friday, with some injection of funds
        121 words
      • Article
        Tokyo
        230 8 TOKYO, Mon. The US dollar for overnight delivery closed at 273.80 yen unchanged from the opening but down from 274.70 at Friday's close, after fluctuating between 273.35 and 273.90, dealers said. Trading was fairly active. The US currency initially declined as banks sold dollars in anticipation of an inflow
        230 words
      • Article
        Australia/NZ
        51 8 AUSTRALIA/NZ exchanges quoted on April 18 Australia: Sterling 0.6480/ 0.6410 US dlr 1.1098/ 1.1050 Ninety-day air mall buying rates: Sterling 0.6686 US dlrs 1.1352 Ninety-day forward buying rates: Sterling 0.6493 US dlrs 1.0984 New Zealand: Sterling 0.5610/ 0.5579 US dlr 0.9685/ 0.9585 Ninety-day forward rate: Sterling 0.5845 US dlr
        51 words
      • Article
        Minimum lending rates (in %)
        66 8 Minimum lending rates (in acbc 6*. First Chicago 6*4 Algemene Bank 6*4 Citibank 6*. Bangkok Bank 7 HSBC 7 Bank of America 6*4 Indosuez 6*4 Bank of China 7 Malayan Banking 6 j '4 Bank of Tokyo 6*4 Mitsui Bank 6 j '4 Bank Negara OCBC 6 3 7 OUB
        66 words
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      Page 8 Advertisements Column 1
      248 8 §/u, "AS I WAS PASSING" is now compiled into a book §43° 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, because the papers had been used to wrap up things, or had been
      248 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      DAILY AIRCRAFT MOVEMENTS
      552 9 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKG/KUL TMA IL303B 0215 BEY/IXI/ 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
      552 words
    • Article, Illustration
      S'pore may be Vosper Group's design, shipbuilding centre
      593 9  -  By TERESA LIM VOSPER Thornycroft Singapore, with a $100 million contract under Its belt. Is likely to be the main ship design and shipbuilding centre for the Vosper group, which comprises some 10 companies all over the world. It is anticipated that
      593 words
    • Article
      Lock icon Journey through the Chinese-built Great Uhuru (Freedom) Railway
      1222 9  -  By BRIAN JEFFRIES AP KAPIRI MPOSHI, (Zambia), Mon. The "Great Uhuru Railway," China's showcase aid project Id Africa, begins Incongruously at the end of a blood-red dirt road In this bush town at the heart of Zambia's copper belt, 160 km from
      AP  -  1,222 words
    • Article, Illustration
      IN PORT
      423 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Mas (1500) 18 Cherry Vilja (B. Barge) (after SBS III) 42/43 Giso Maru (JFYC) (1400 25 26 Honan Maru (JKBD) (2300 after Junyo Maru) 5 Kai Mau (JNBM) (1600 after Fuso Maru) 47 Lumut (2100) 21 West Montana (1700 after Tamerlane) (Class
      423 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      783 9 &M&BaPiueffie HoflMioai 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 member
      783 words
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  • Article, Illustration
    Lock icon FRASER – LABOUR CONFRONTATION
    1339 10 FRASER LABOUR CONFRONTATION Australia's labour relations have not been known to be harmonious. Only last weekend a strike by aircraft refuelling workers and drivers of petroleum tankers caused chaos at Australian airports, and grounded the planes of sue international airlines, leaving thousands of passengers stranded. RONALD BATCHELOR of Reuters today
    News in Depth  -  1,339 words
  • Article, Illustration
    Lock icon American business cries for help
    1029 10  -  THE United States may be the land of the free but not of free trade. A mounting flood of imports with which US manufacturers cannot compete is bringing demands for a new protectionism. in Washington i —By DAVID BELL FT AMERICA'S new chief trade negotiator,
    FT  -  1,029 words
  • Article
    SOME LESSONS FOR THE ASEAN POLICY PLANNERS
    1388 10  -  NINETEEN years ago, the countries of Central America came to an agreement like Asean did at the Bali summit to achieve the twin aims of regional trade, liberalisation and industrialisation. The Central American move has ended up a failure, and Asean could well
    1,388 words
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      Page 10 Advertisements Column 1
      188 10 HANDBOOK Gfi&iOO Hofs# COP ft 5 Sp* (IF fia fF ictt ft* 1 K *r Bins? I#? 0* it* 16/ by E. Lenox Figgis F.C.A. A practical handbook axplalning how batting takaa placa on tha world's moat popular baiting paatimaa, including horaaa, doga, football poola, sporting avanta, caalno gamaa, such
      188 words
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  • Article
    SIME DARBY SCOUTS FOR TOP TALENT
    223 11 SIME Darby Singapore is in the midst of a talent hunting exercise to bring in management expertise to beef up its various sales operations. The latest to be tapped is Mr Graham Heywood, currently marketing manager of Eastern Agencies and soon to be managing
    223 words
  • Article
    Still no tenant for Clifford's revolving cafe
    282 11 DESPITE the current reopening of restaurants and coffee houses in the city centre, Clifford Holdings is still unable to secure a tenant for its revolving restaurant cum look-out deck in Collyer Quay. New operators in that area apparently prefer to take over the
    282 words
  • Article
    Lock icon Enough food for Khmers
    91 11 Reuter BANGKOK. Mon. Cambodia should be able to give its people enough to eat this year. Mr. leng Sary, Deputy Premier in charge of foreign affairs, was quoted as saving today. Radio Phnom Penh, monitored here, listed this as among the indications of economic progress Mr.
    Reuter  -  91 words
  • Article
    Public auction
    76 11 THE Government announced yesterday that it is offering 32 lots of used motor vehicles, plants and stores for public auction next Monday at the premises of Cheong Khoon Seng and Company. The items, which include lorries, motorcyles, crane wagonsytractors. rollers and used batteries, can be viewed on Thursday
    76 words
  • Article
    New branch
    34 11 THE Post Office Savings Bank. Jaian Eunos Branch, will be officially opened today by Tuan Haji Ya'acob Bin Mohamed. Minister of State for the Prime Minister's office and MP for Kampong Übi.
    34 words
  • Article
    Lock icon Japanese budget of $29bil approved
    491 11 APPROPRIATIONS 17 pc HIGHER Reuter TOKYO, Mon. The Upper House of the Diet approved a 28.51 trillion yen (SS29 billion) reflatlonary national budget for fiscal 1977 starting on April 1. The Budget which earlier won approval from the Lower House, Is 17.4 per cent up
    Reuter  -  491 words
  • Article
    Lock icon Buy British, Tokyo urged
    436 11 AP TOKYO, Mon. Britain's Trade Secretary Edmund Dell today urged Japan to buy more British goods to help preserve the world's open trading system. Mr. Dell, who came here over the weekend for a week-long visit, said the open trading system can't possibly be preserved without
    AP  -  436 words
  • Article
    Cognac brings cheer to the taxman
    456 11 COGNAC drinkers may love Hennessy but probably not as much as the inland revenue people. "Hennessy is a wonderful asset for governments," 70-year old Mr. Kilian Hennessy, until recently the chairman of Moet-Hennessy, laughingly declared. In Singapore, for example. Hennessy contributed some half a
    456 words
  • Article
    Making room for DBS Finance
    118 11 DBS Finance will be moving into expanded facilities in the DBS Building in the near future. A spokesman for DBS said that In line with the finance company's expansion programme, it would move from the seventh floor of the building (where it is now sharing
    118 words
  • Article
    Narodny sues
    100 11 MOSCOW Narodny Bank sued Julia blnti Mohamed, trading as Seasmic Marine Services for $804,860.54 being money allegedly lent by the plaintiff to the defendant. In another suit. Wee Bee Chee, trading as Letar Suppliers, sued Yuen Hon Seng and seven others, all of whom are trading under the
    100 words
  • Article
    Lock icon Japan's fishermen idle as fish talks drag
    696 11 UPI TOKYO. Mon. Spring has traditionally been a busy time for Japanese fishermen operating in the Northern Pacific off the Siberian coast. Tens of thousands of fishermen, decorating their trawlers with colourful streamers, used to leave their ports in March and April following
    UPI  -  696 words
  • Article
    Lock icon Strike in Japan over high sugar prices
    175 11 Reuter TOKYO, Mon. Nearly 5.000 workers at Japanese sugar refining companies started a 48-hour strike in protest against the high price of Australian raw sugar, the National Council of Sugar Industries Workers said. The strike has caused the postponement until Thursday of a
    Reuter  -  175 words
  • Article
    Lock icon Energy talks
    32 11 AP TOKYO, Mon. Mr. Ulf Lantzke, executive director of the International Energy Agency (IE A), began consultation here today with senior officials of Japan's Natural Resources and Energy Agency. AP
    AP  -  32 words
  • Article
    Financiers of $50m hospital
    276 11 A SYNDICATE of businessmen and doctors from eight Asian countries will finance the proposed $50 million specialist private hospital at the Mount Elizabeth site, the Urban Redevelopment Authority disclosed yesterday. The eight countries are Singapore. Malaysia, Indonesia, Hongkong, Japan, Taiwan, Thailand and Vietnam. The developer Is
    276 words
  • Article
    HUDC East Coast chalets ready soon
    182 11 FORTY-TWO units of 110 Housing and Urban Development Company (HUDC) airconditloned chalets along the East Coast Park will be opened to the public from May 15. The chalets are adjacent to various recreational amenities like the golf driving range, orchard garden, aquatic complex, and
    182 words
  • Article
    Lock icon Thailand exports rise by 15pc in first quarter
    199 11 Reuter BANGKOK. Mon. Total Thai exports rose 15 per cent in the first quarter of this year compared with the same period last year to an estimated US$B5O million (552.09 billion), according to preliminary National Economic and Social Development Bureau figures. Exports
    Reuter  -  199 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      453 11 r A large expanding Chemical Organization invites applications from suitably qualified candidates for the following positions SENIOR CHEMIST Job Scope Qualification Experiences To initiate formulation of products and to liaise with Production and Sales/ Marketing Departments relating to new products development and technical services To plan and implement Departmental Policy
      453 words
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      Page 11 Advertisements Column 2
      374 11 MARKET RESEARCH rJ i: OUR COMPANY is engaged in the manufacture and marketing of a fast turnover, world-renowned brand of consumer product lines and our activities are highly export-oriented. THE JOB involves the creation of a market research department responsive to the market research needs of our Marketing Division. The
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  • Article
    Council's move have backing of Asean govts
    275 12 THE governments of Asean countries will support the efforts of shippers' councils In their efforts to protect and promote the interests of shippers against any unfair and discriminatory freight rate Increases. "In this connection formation of the Federation of Asean Shippers' Councils or
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    'Dumping' for beaches
    85 12 SINGAPORE'S dredging programme is now integrated with a reclamation programme. Instead of dumping dredged material in the open sea. it is used for the formation of public beaches. "As a result," said Mr. Chung Kek Choo. director of management and general services at the PSA, "in the
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    Conference rapped for passing costs on to shippers
    922 12 THE Federation of Asean Shippers' Councils (FASC) made It clear yesterday at the start of Its two-day meeting that It Is not against Increases in freight rates if they are Justified. "What the federation deplores," said Mr. T.T. Quiazon, chairman of the
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    Lock icon Drought areas continue to ration water
    174 12 Reuter KUALA LUMPUR, Mon. Several areas in six states of Peninsular Malaysia worst hit by drought continued to ration water for consumption and regulate supplies for irrigation. In Kelantan the Kemubu Agriculture Development Authority (KADA) said supply of water for 16,000 ha of "rice
    Reuter  -  174 words
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    Lock icon MANILA-S'PORE CABLE LINK
    119 12 MANILAS'PORE CABLE LINK Reuter MANILA, Mon. The Philppines and the Telecommunications Authority of Singapore are undertaking a US$5O million (SSI2S million) underwater telecommunications cable project linking their capitals on a direct dial basis, informed sources here said. Cable laying, due for completion next August, is to be conducted by Eastern
    Reuter  -  119 words
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    Meyer wins $3m deal
    115 12 THE Behn Meyer group, representing AEG-Tele-funken of West Germany, has won a $3 million electrical equipment contract for a 110-metre long offshore tin dredger under construction by Jurong Shipbuilders for delivery to Indonesia In 1978. Under the contract, AEGTelefunken will supply the dredger's electrical equipment. This
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  • Article
    BILINGUALISM WAY TO BETTER HARMONY
    311 12 SINGAPORE is in the process of experimenting with a system of billngualism, according to the Senior Minister of State for Foreign Affairs, Mr. Lee Khoon Choy. Speaking at the opening ceremony yesterday of the seminar on "Language Education in Multilingual Societies: Its Challenges and Potentials"
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    Lock icon US will refer to ITC before selling tin
    283 12 Reuter LA PAZ. Mon. The US Government has a firm policy of not affecting the international tin market and will not sell any part ot Its tin stocks without consulting the International Tin Council (ITC), US ambassador to Bolivia, Mr. William Perry
    Reuter  -  283 words
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    Lock icon Bonn predicts lower surplus
    157 12 Reuter FRANKFURT, Mon. The Bundesbank said it believes West Germany's current account balance of payments surplus in 1977 should be about half the DM7.5 billion (557.7 billion) posted last year. This estimate tallies with the forecast of a DM3 to DM4 billion surplus made to Reuters
    Reuter  -  157 words
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    LONDON STOCKS
    799 12 LONDON. Mon. The stock market was lower in reaction to more trade union opposition to further pay restraint, dealers said. Trading was light and at 3 00 p m the Financial Times index was off 6.6 at 409 9. The UK trade figures for March was slightly better
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    Ho says situation here doesn't favour revolution
    341 12 DETAINED journalist Ho Kwon Ping, yesterday Mid that he found the situation in Singapore totally unfavourable for Marxist revolution. In his interview with Mr. Peter Lim of New Nation and Mr. J.E. Conceicao director of Extra Mural Studies, University of Singapore, over radio
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    Lock icon Joint ops against Reds end today
    171 12 Reuter PADANG BESAR, Mon. Joint operations by 5,000 Thai and Malaysian forces against communist guerillas in southern Thailand will end tomorrow, it was announced here today. The overall Malaysian commander of the operations. Major General Datuk Mahmood Sulaiman. said guerilla sanctuaries in Sadao district
    Reuter  -  171 words
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    Lock icon EEC to hammer out joint stand
    484 12 Reuter LUXEMBOURG, Mon. Common Market Finance Ministers will draw up a Joint community position for major world economic meetings in the next three weeks when they meet here today, informed EEC sources said. They said the main item will be preparations for the economic
    Reuter  -  484 words
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    Strikers agree to refuel jumbos
    133 12 SYDNEY, Mon. Striking workers at Sydney Airport agreed today to refuel four grounded jumbo Jet airliners after an appeal by international airlines to fly out hundreds of stranded overseas passengers. The appeal to aircraft refuellers was made earlier today by British Airways, KLM, Singapore Airlines,
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      Page 12 Advertisements Column 2
      241 12 See Page 10 To the Ordinary Shareholders of Patani Para Plantations. Limited. RECOMMENDED OFFER h Aseambankers Malaysia (Asian and Euro-American Merchant Bankers (Malaysia) Berhad) UllU Kleinwort, Benson Limited, London on behalf of CONSOLIDATED PLANTATIONS LIMITED for the whole of the issued share capital of PATANI PARA PLANTATIONS, LIMITED not already
      241 words