The Business Times, 21 April 1977
1977-04-21
1
12
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section10 1977-04-21 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, APRIL 21, 1977 50 CENTS10 words
-
NEWS IN BRIEF
-
Article69 1977-04-21 1 UPI WASHINGTON, Wed. The US economy shook off the effects of a record cold winter and rose 5.2 per cent in the first quarter for the strongest growth in a year, the Commerce Department said today. The department said the gross national product after adjustment for inflationUPI - 69 words
-
Article56 1977-04-21 1 UPI NEW DELHI, Wed. West German Foreign Minister Hans Dietrich Genscher said today he would discuss disarmament, bilateral relations and non alignment with Indian leaders during his four-day visit to this country. Speaking to newsmen on arrival, he said, "I will discuss North-South relations, the policy of nonalignment,UPI - 56 words
-
Article35 1977-04-21 1 Reuter WASHINGTON, Wed. President Carter has chosen Mr. Leonard Woodcock, retiring president of the United Auto Workers Union as the new United States envoy to China, administration officials said today. ReuterReuter - 35 words
-
Article76 1977-04-21 1 Reuter LONDON, Wed. North Sea oil rigs off Scotland faced a shutdown after a strike by 40 helicopter pilots, ferrying men and equipment to the rigs, gained trade union support. British Airways pilots at Aberdeen and Sumburgh, Shetland, announced a 24-hour strike from midnight today toReuter - 76 words
-
Article63 1977-04-21 1 AP CANBERRA, Wed. The Australian wagesprices freeze proposal, now one week old, was on the verge of collapse today as trade unions and the Government failed to agree on Implementing the wages side of the deal. In Parliament, Prime Minister Malcolm Fraser accused the Australian CouncilAP - 63 words
-
Article30 1977-04-21 1 Reuter PARIS. Wed. Thailand's national airline, Thai International, has ordered four European A-300 Airbuses worth US$l2O million (***** million) with spares. Airbus Industries announced here today. Reuter.Reuter - 30 words
-
Article31 1977-04-21 1 Reuter BERNE. Wed. Switzerland is abolishing a limit on the amount of foreign currency which can be taken into the country, the Finance Ministry announced today. Reuter.Reuter - 31 words
-
Article76 1977-04-21 1 UPI NEW YORK, Wed. Prices struggled for direction early today in sluggish trading as investors failed to respond to reports of a surge in the nation's economic growth rate. Most traders appeared to be waiting for President Carter to spell out details of his energy programme. Shortly beforeUPI - 76 words
-
-
Chief Price Changes
-
Article, Illustration179 1977-04-21 1 SHARE prices were left to bump along narrow limits with a singular lack of direction at the Stock Exchange of Singapore yesterday as incentives to trade remained lacking. The Business Times index closed 0.18 point lower at 259.46 while the Straits Times Industrial index dropped 0.54 point179 words
-
Article135 1977-04-21 1 Falls Most active M Hanking $5.55 -.10 Central Sugars 177.000 DBS $3 64 -.06 General Lumber 84.000 Boustead $1 60 -.05 Bo vis SEA 43.000 S Trading $5.55 -.05 High Low 42.000 O.CBC. $6 75 .05 Total Turnover: 0.83 M U M \Y Loan $0 83 .05135 words
-
-
Article, Illustration825 1977-04-21 1 RONNIE LIM - NEW RANGE OF CAMERAS IN HAND By RONNIE LIM WITH the consolidation of its activities in Singapore and the introduction of a new range of cameras, Rollei expects to achieve a turnround from the massive losses of the past few years by 1978.825 words
-
316 1977-04-21 1 Reuter MANILA, Wed. An estimated real growth rate in its 1976 Gross Domestic Product (GDP) of 16.2 per cent compared to 3.3 per cent in 1975 gave Hongkong the first place for growth in internal production of goods and services of 14 selectedReuter - 316 words
-
Article56 1977-04-21 1 AP TOKYO. Wed. The US dollar continued Its climb against the yen today, and has made up for the 6.55 yen it lost in the first 12 days of April. The dollar closed at 277.775 yen compared to 276.375 yesterday and 270.725 yen on April 12. its lowestAP - 56 words
-
733 1977-04-21 1 SOH TIANG KENG - By SOH TIANG KENG MANILA. Wed. Some hard thinking about future lending policies will dictate the tone of the three-day Asian Development Bank conference which begins here tomorrow. Singapore's Finance Minister, Mr. Hon Sui Sen, will present his paper at the meeting733 words
-
Article154 1977-04-21 1 Reuter HONGKONG. Wed. The Hongkong Stock Exchange (HKSE) said its committee members were not aware that there was a condition in the merger terms of. red by the Far East Exch; ''ge that neither party w> M enter into any dlscussk with tne Kam Ngan Sto<Reuter - 154 words
-
Article328 1977-04-21 1 KEMPAS (Malaya) yesterday announced a M 53.5 million cash deal under which It will buy a 70 per cent Interest in Hume Edible Oil from two publicly quoted Malaysian companies. Under the terms of the agreement, Kempas will' purchase at $1.25 a share328 words
-
Article, Illustration273 1977-04-21 1 SOME four months after Mr. Graham Starforth Hill resigned as senior partner of the law firm of Rodvk and Davidson, another senior partner is believed to be about to tender his resignation. Mr. Thomas Home Alan Potts (above), currently in Europe on273 words
-
Article266 1977-04-21 1 UPI TOKYO, Wed. Japanese tax authorities have decided to impose U5573.3 million (SSIBO million) in back taxes on 10 major general trading firms including the one involved in the Lockheed payoff scandal for failing to file proper income tax reports. The firms, knownUPI - 266 words
-
Article233 1977-04-21 1 THE Development Bank of Singapore whose first overseas branch opens officially in Tokyo today hinted that this would be the first of more overseas branches. "The long-term development requirements of DBS would warrant a DBS presence in the major financial centres of the world," the bank233 words
-
112 1977-04-21 1 Reuter WASHINGTON, Wed. President Carter Is expected to ask Congress tonight to approve standby authority to raise the one cent (US) a litre federal petrol tax by as much as 8 cents a litre, assistant Senate Democratic leader Alan Cranston said. Mr. Cranston, whoReuter - 112 words
-
Page 1 Advertisements
-
Advertisement38 1977-04-21 1 Colour TV is simply great INSIDE Overseas Ne vs/TV Kadio (Hi »eas News/Feature I.tx at Co News Overseas Stocks —P2 Commodity Transport Com—P3 munications —P4 Features International Co News F 5 Local Overseas l.ocal Stock* P 6 News38 words
-
Advertisement50 1977-04-21 1 CS-2154 CS-4152 14 digits. 1 memory. °o Display with print/non-print switch Item counter Right shift key. Constant and complex calculations. Sole Agents ROXY (STORE) PTE. LTD. 483 TanQlm Halt Road Smaaoore 3 Tel 6319H ROXY (MSIA) SDN BHD Lot 16 Jalan 223 Sert>on 14 Petaima Java Se'anaof Tei 03 *****750 words
-
Advertisement297 1977-04-21 1 WHISKY 100% SCOTCH WHISKIES blended and bottled in Scotland under Government Supervision Imported by Cold Storage Which bank works for you around the clock, and around the world? We do. Bank of America. Today, when world-wide money markets and exchange rateschange rapidly, the ability to make on-the-spot decisions quickly is297 words
-
-
OVERSEAS
-
471 1977-04-21 2 WASHINGTON, Wed. Reuter WORLD soybean oil output is forecast at nine million tonnes in 1977. down 1.2 million from the record of 1976. the United States Agriculture Department said. Global soybean meal production is estimated 5.5 million tonnes below 1976 at 40.4Reuter - 471 words
-
125 1977-04-21 2 AP LUGANO, (Switzerland), Wed. Justice authorities have opened an inquiry into unauthorised dealings at the Chiasso branch of Credit Suisse, one of the biggest Swiss banks, which have resulted in losses possibly totalling US$lOO million (SS24O million). Credit Suisse headquarters has suspended three senior officersAP - 125 words
-
348 1977-04-21 2 Union wants quota on imported clothing halved NEW YORK, Wed. Reuter MR. SOL Chalkln, president of the International Ladies Garment Workers Union, said yesterday his union would press to cut In half the annual percentage rise In imported clothing quotas. In remarks before the American Arbitration Association's annual meeting here.Reuter - 348 words
-
Article102 1977-04-21 2 Reuter PRETORIA, Wed. South African gold holdings fell 0.2 million rand to 375.1 million last week, the Reserve Bank said. Total gold and foreign exchange reserves rose 1.3 million rand to 660 million. The bank said in its return for the week ended April 15. bills roseReuter - 102 words
-
237 1977-04-21 2 AP WASHINGTON, Wed. President Carter told two senators yesterday he would not block efforts to partially tift an embargo on United States trade with Cuba to allow Cuba to import food and medicine. The two senators, George McGovern and James Abourezk, both SouthAP - 237 words
-
466 1977-04-21 2 WASHINGTON, Wed AP THE United States might put observers aboard all foreign vessels and employ sophisticated electronic monitoring techniques to enforce the 320 km offshore fishin" "•nit, a congressional st id yesterday. In additioi .ie visual observers, it sa* military surveillance technologyAP - 466 words
-
114 1977-04-21 2 Reuter NEW YORK, Wed. Commercial banks should not have safety nets in overseas lending to shield them from their own management decisions, Citibank N.A. senior vice president Irving Friedman said. Although there are potential problems in the loans major US banks have made to developingReuter - 114 words
-
322 1977-04-21 2 UPI NEW YORK. Wed. Personal income in the United States rose 1.7 per cent in March, the second largest monthly Increase ever, the Commerce Department said yesterday. It was another encouraging sign of escalating economic recovery. The income report was theUPI - 322 words
-
Article186 1977-04-21 3 WASHINGTON, Wed. The Treasury Department said It will reduce shortterm debt by US$4OO million (SS9B4 million) at the regular weekly auction on Monday of three and sixmonth treasury bills. It will offer a total of $5.6 billion of bills, while maturing issues total186 words
-
Article88 1977-04-21 3 Reuter LONDON. Wed. The Bank of England bought between 150 million (SS2IO million) and £100 million of Treasury bills direct from some discount houses to ease a slight shortage in the money market yesterday, market sources said. They said the help may have been excessive with securedReuter - 88 words
-
Article32 1977-04-21 3 ROME. Wed. Italian Industry Minister Carlo Donat Cattin confirmed in Parliament the Government plans to produce a bill soon to reform dividend taxation and encourage private investment in share capital.32 words
-
556 1977-04-21 3 $6bil SHOT IN THE ARM NYT PARIS, Wed. The French Government moved yesterday to soften the economic and political effects of the growing crisis in the country's steel industry. As several thousand steelworkers and miners demonstrated noisily about 9 kilometre away, Premier RaymondNYT - 556 words
-
530 1977-04-21 3 Reuter AP WASHINGTON, Wed. The Federal Energy Administration said Alaskan North Slope oil will initially have a wellhead price below the maximum composite of US$B.26 a barrel under existing controls until June, 1978 because of the transportation costs involved. The FEA, in a reportReuter; AP - 530 words
-
218 1977-04-21 3 MANILA. Wed. The Government's energy development Board (EDB) has estimated that about US$l9O million (***** million) will have been spent by foreign and local firms in oil exploration here by the year's end since 1973. EDB chairman. Mr. Geronimo Velasco in a press218 words
-
Article131 1977-04-21 3 AP KENT (Ohio). Wed. A former chairman of Exxon is questioning a report attributed to the US Central Intelligence Agency that world demand for oil will outstrip production in less than 10 years. Mr. J. K. Jamieson said in an interview yesterday that the CIA report "doesAP - 131 words
-
Article149 1977-04-21 3 Reuter LONDON, Wed. The 13 parliamentary members of the British Liberal Party will oppose a rise in fuel oil duty proposed by the Government in its 1977/78 finance bill issued today, a spokesman for the Party told Reuter. The bill details the financial changes outlinedReuter - 149 words
-
Article307 1977-04-21 3 Reuter DOHA (Qatar), Wed. Leaders of the Opec member states have started a series of high-level consultations aimed at restoring oil price unity, Qatari officials said here today. The President of the United Arab Emirates (UAE), Sheikh Zaid bin Sultan Al-Nahayan, left Qatar yesterday afterReuter - 307 words
-
847 1977-04-21 3 AP WASHINGTON. Wed. US President Jimmy Carter's energy address to the American people was an appeal for the kind of public faith that can work political miracles. For Mr. Carter's address on Monday night was a request for a sort of political miracle askingAP - 847 words
-
200 1977-04-21 3 UPI WASHINGTON, Wed. The Justice Department has ended a brief investigation of whether Australian publisher Rupert Murdoch's purchase of three New York City publications violated anti-trust laws, a spokesman said yesterday. He announced no final finding in the matter but said the preliminary probeUPI - 200 words
-
90 1977-04-21 3 Reuter SAN FRANCISCO. Wed. Carglll Inc said a subsidiary sold 13,000 tonnes of crude coconut oil to the Philippine International Trading Corp for June and July shipment to the Soviet Union. Granexport Manufacturing Corp, Carglll's Philippine-based subsidiary, sold the oil to the state-owned PhilippineReuter - 90 words
-
509 1977-04-21 3 FT LONDON, Wed. A range of companies, Including some large ones, will be told in the next few days that the 011-rlch State of Kuwait owns sizeable holdings of their shares. Altogether. Kuwait's holdings.of British shares runs into hundreds of millions of poundsFT - 509 words
-
Article98 1977-04-21 3 Reuter KUWAIT. Wed. Kuwait's projected expenditure for the 1977/78 year is about 50 per cent higher than the 1976/77 budget estimate. Finance Minister AbdelRahman Al-Atlql said. In an Interview with the daily newspaper AlSiyassah, he said expenditure in the next budget Is planned at 1.90 billionReuter - 98 words
-
Article131 1977-04-21 3 UPI LONDON. Wed. There are now firm signs of a sustained revival In the demand for executives In Britain which provides real hope for an Improvement In the employment situation. The Management Selection Consultancy group said yesterday. Latest quarterly figures of the MSL Index ofUPI - 131 words
-
396 1977-04-21 3 NYT WASHINGTON. Wed. President Carter, in a move to generate more backing for his administration's agricultural programme has agreed to double federal spending for farm-Income supports. Secretary of Agriculture Bob Bergland said yesterday. At the same time, Mr. Bergland warned in a speechNYT - 396 words
-
Article137 1977-04-21 3 Reuter HANOVER. Wed. German Economics Minister Hans Friderlchs said he still thinks German Gross National Product growth of five per cent Is attainable this year. This should enable unemployment to be gradually reduced to under four per cent, he said In his opening address to the HanoverReuter - 137 words
-
-
Page 2 Advertisements
-
Advertisement283 1977-04-21 2 Business Times :I I lW a money-saving bonus offer for all their advertisers Effective from now to September 30,1977 We have great news for all advertisers: From now to September 30, 1977, Business Times will offer advertisers a FREE additional insertion for every two insertions appearing in the newspaper during283 words
-
-
Page 2 Miscellaneous
-
Miscellaneous287 1977-04-21 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on April 20 at Singapore airport. Maximum Temperature 33.5° C Associated Humidity 54 Minimum Temperature 23.1° C Associated Humidity 97 Hours of Sunshine 10.40 Rainfall in Millimetres nil Total Rainfall for the Month 16.6 Total Rainy Days for the287 words
-
-
Page 3 Advertisements
-
Advertisement212 1977-04-21 3 SEE PAGE 10 TEAC. A-650 ASUFERBDKFBCNT-lOAEING DOIBIT CASSETTE EBCK TEAC A-650 gives the T TP"I Seven feather-touch jeaudiophile the high UT IL/ I UL I L/l IL buttons electronical! level of; fidelity which X wi\ HiU X MWJJLI control tape previously was not mm mm V W W movements with212 words
-
-
Page 3 Miscellaneous
-
Miscellaneous54 1977-04-21 3 BnStoW: PtenkDiciEnS I "rar. TOT —Tuesfe. De_Lfvys Do foC the mRGt of 3C»T,SH m-Sffeeo C«IL I,' P=^ STWiONm^STt^ ffeßKjslS Cp*N TF>*3g. OVtR THE. CFFce RN? R seen J'*) I SWRU. STOOU RIOHG TM£ Pino PpciTy rut PteS£NG€Ps uweHE IS my STrtom rnRSTfeC'S UJtiTGSZ. GBERTcoPn- —FVJD cone. TO THIMK OP rr54 words
-
-
COMPANY NEWS
-
559 1977-04-21 4 SOUTH East Asia Lumber has followed up Its moderate recovery In the last financial year with a very Impressive set of results for the first six months ended Dec 31, 1976. The group earned a pretax profit of MS 1.84 million compared with the loss559 words
-
470 1977-04-21 4 THE Malaysia Borneo Finance Corporation (M) Berhad (MBF). one of the largest borrowing companies in Malaysia with current deposits totalling MS 160 million, hopes to receive Bank Negara's blessing to set up more branches in the country. This was stated by the company's470 words
-
LATEST RESULTS
-
Article49 1977-04-21 4 C.K. TANG Pre-tax tra- ding profit $2.24 million (51.05 million) for the year ended Dec 31, 1976. Tax $900,480 ($395,368), leaving net profit $1.34 million (5654.815). First and final dividend eight per cent (three per cent) payable on June 10 to shareholders registered in the books on Ma) 20.49 words
-
Article82 1977-04-21 4 Group pre-tax trading profit M 535.98 million for year ended Dec 31, 1976. No comparative figures are available as company has changed domicile. Tax $17.1 million, leaving net profit of $18.88 million. Parent company pre-tax trading profit $34.97 million. Tax $17.0 million, leaving net profit of $17.9782 words
-
-
COMPANY MEETINGS
-
Article22 1977-04-21 4 THE following company meetings are due: Apr 26. 12 noon. Registered Office. Rumah Harimau. 468 Jalan Ipoh. Kuala Lumpur.22 words
-
Article15 1977-04-21 4 Apr 27. 9.30 a.m.. Registered Office. 16 Jalan Tangsi. Kuala Lumpur.15 words
-
Article15 1977-04-21 4 Apr 28. 12 noon. Registered Office, Chartered Bank Chambers, Beach Street. Penang.15 words
-
Article14 1977-04-21 4 Apr 28. 12 noon, Registered Office, 15 Claymore Drive, Singapore 9.14 words
-
Article17 1977-04-21 4 Apr 29, 10 a.m.. 24th Floor Hong Leong Building, 16 Raffles Quay. Singapore 1.17 words
-
Article22 1977-04-21 4 Apr 29, 10.30 a.m., Of fine 8 th Registered Office, am Floor, UMBC Building. Jalan Sulaiman, Kuala Lumpur.22 words
-
22 1977-04-21 4 Apr 29, 11.30 a.m.. Conference Room OCBC Centre. 19th Floor. Chulia Street, Singapore. _i DL/i22 words
-
Article22 1977-04-21 4 Apr 29. 4 p.m.. Registered Office, Tingkat Kedua. Blok E. Kompleks Pejabat Damansara. Damansara Heights. Kuala Lumpur. Malotroian Im.22 words
-
14 1977-04-21 4 May 4, 12 Da noon, 4 Jalan Tandang. Petaling Jaya.14 words
-
Article19 1977-04-21 4 May 4, 4 p.m.. Registered Office. Suites 4022-4025. President House. 54 A, Jalan Imbi. Kuala Lumpur.19 words
-
Article11 1977-04-21 4 May ,5. 10.30 a.m., Hilton Hotel. Kuala Lumpur.11 words
-
-
Article641 1977-04-21 4 Current E> Date Total for Total for payment Date payable the year prevtoua year Sel. Coconut* 10%I Mar 29 Apr 21 10%I 25% Kamunting Tin 25 641 Mar 16 Apr 22 25 64%I NIL Sthn. Kinta Con*. 25%I Mar 16 Apr 22 25%I 115.4% K.L. Ktponf Deb. 5641 words
-
Article459 1977-04-21 4 A YEAR of progress, both at home and abroad, has contributed to the 25.8 per cent increase in merchant bankers Morgan Grenfell, Holdings' after-tax profit to £2.49 million last year. The bulk of the profit came from the banking side with advances being made in export credit459 words
-
Article153 1977-04-21 4 BANK of America has announced the promotion of Mr. Patrick Tan Cheng Hee from assistant manager to assistant vice-president. Mr. Tan has been with the bank for 17 years. He has held various senior positions with the bank in Singapore and has also worked in the Jakarta153 words
-
Article1259 1977-04-21 4 On April 19 TRADING In options on the Chicago Board Options Exchange came to 96,144 contracts on Tuesday, compared with Monday's 86,270 contracts. OPTION JLY OCT JAN STOCK Alcoa SO 8 3/8 9 3/8 UNTRD 581/2 Alcoa 60 13/16 2 1/4 UNTRD 581/2 Am Tel 55 77/81,259 words
-
682 1977-04-21 4 UNLIKE many merchant banks in Malaysia and Singapore, Asian and EuroAmerican Merchant Bankers (Aseambankers) is looking forward to a further rise in its fortune this year. Its optimism is not unfounded for according to its 1976 annual report, the bank made a pre-tax682 words
-
537 1977-04-21 4 THE Arab-Malaysian Development Bank has taken the lead in establishing Malaysia in international wholesale banking. The bank, says Mr. Hussain Najidi. its managing director and chief executive, has taken part in international syndicated loan issues and undertaken under-writing positions. In particular, he notes537 words
-
Article200 1977-04-21 4 YEO Hiap Seng reached the purchase price of $4 million for a piece of property at Bukit Timah Road after negotiations with the liquidators of Singapore Oxygen. Replying to queries from the Stock Exchange of Singapore, the company says the property was initially priced at200 words
-
Article89 1977-04-21 4 CONSOLIDATED Plantations, a 65.1 per cent owned subsidiary of Slme Darby Holdings, has sold Its Investment In Highlands and Lowlands. Slme Darby says the sale reduces the group Interest in the Malaysian plantation company to less than 10 per cent. It adds that89 words
-
-
Page 4 Advertisements
-
Advertisement201 1977-04-21 4 Give us a man for a monthwe'll 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 proficiency201 words
-
-
INTERNATIONAL COMPANY NEWS
-
777 1977-04-21 5 Reuter HONGKONG, Wed. A sharp Increase In earnings from service activities accounted for more than the entire rise in Jardine, Matheson's consolidated 1976 net profit to HK$301.5 million from $265.3 million in 1975, analysts here said. The company reported that service activities accounted for 36Reuter - 777 words
-
Article548 1977-04-21 5 NEW YORK, Wed. Chemical New York Corporation, parent of Chemical Bank, reported income before securities trans-ac-tions for the first quarter of 1977 amounted to US$24.3 million, an increase of 18.8 per cent from the $20.4 million reported for the first quarter last year. This was equivalent to548 words
-
Briefly
-
Article84 1977-04-21 5 TOKYO. Wed. The InterAmerican Development Bank (IDB) wishes to float a yen denominated bond in Japan equivalent to US$15 million in the latter half of this year. IDB vice president Mr. Reuben Sternfeld said. Mr. Sternfeld told the financial daily Nihon Keizai the IDB is very interested in the84 words
-
Article60 1977-04-21 5 ROME. Wed. A spokesman for Generale Immobiliare said he thought the consortium needed to back a planned 35.5 billion lire convertible bond issue would be formed within a few days time. He could give no indication of which or how many banks would be involved. Banking sources noted the60 words
-
Article86 1977-04-21 5 PARIS. Wed. Syndication of Electicite De France's eight-year standby Eurocurrency credit to back issues of US commercial paper should be com- plete today, with the final amount probably rising to more than USS600 million from the $400 million initially sought, bankers said. Banks in Canada and Japan have yet86 words
-
Article53 1977-04-21 5 NEW YORK, Wed.. Raytheon said net earnings, in the first quarter to April' 3, 1977 recorded an increase of 29 per cent on sales of U*****.59 million, up 16 per cent from $572.42 million previously. Net earnings were $23.04 million or $1.50 a share compared with $17.90 million or53 words
-
Article79 1977-04-21 5 TOKYO. Wed. Showa Oil said it will make rights issues of 50 yen nominal shares on a four for 10 basis at par and a one for 10 basis at 200 yen to shareholders registered on June 30. The issues will raise the company's issued capital to 6.75 billion79 words
-
Article58 1977-04-21 5 LONDON. Wed Nordiska Investerings-Banken (NIB) intends to offer US$40 million through notes due June 1 1984, Credit Suisse White Weld said as lead manager. Bond market sources said the indicated coupon on the issue is 7*4 per cent. Terms are expected to be fixed around May 2. Proceeds will58 words
-
Article41 1977-04-21 5 FRANKFURT, Wed. The United Arab Emirates currency board 100 million mark 6*4 per cent five year private placement was priced at 100.5 per cent, a spokesman for lead manager Deutsche Bank said. Primary market sources previously predicted a par pricing.41 words
-
Article103 1977-04-21 5 FRANKFURT, Wed. The forthcoming German Federal Railway loan of around 700 million marks could carry a 6.5 per cent coupon over 12 years, and will almost certainly have the lowest coupon of any German public authority bond since 1969, bond market sources said. The sources said terms of103 words
-
Article57 1977-04-21 5 LONDON, Wed. The amount of the General Foods Eurobond due 1984 has been raised to C$25 million from the $20 million originally conceived and the coupon reduced to 8'/i per cent from the indicated 8*4 per cent following heavy oversubscription, Wood Gundy said as lead manager. The issue57 words
-
Article71 1977-04-21 5 WASHINGTON, Wed. US corporate pre-tax profit was running at a seasonally adjusted annual rate of US$154.2 billion in the fourth quarter, down $300 million from an earlier estimate made last month, the Commerce Department reported. This represented an increase of $4 billion over the level recorded in the71 words
-
-
Article940 1977-04-21 5 SEC'S OUTGOING CHAIRMAN WASHINGTON: NYT AS Harold M. Williams. 49-year-old former head of Norton Simon Inc. and most recently dean of UCLA's Graduate School of Business, takes office as chairman of the Securities and Exchange Commission this week he will find a regulatory agency still widelyNYT - 940 words
-
Article235 1977-04-21 5 Reuter NEW YORK. Wed. Chase Manhattan Bank looks for moderate economic growth and therefore moderate loan demand for the remainder of the year, chairman Mr. David Rockefeller told the annual meeting. He expects loan strength will be concentrated chiefly in the second half of 1977.Reuter - 235 words
-
Article146 1977-04-21 5 Reuter NEW YORK. Wed. Citicorp reported that operating net earnings rose slightly to US$92.1 million for the first quarter this year from $90.8 million previously. Net earnings, however, fell to $88.5 million from $89.7 million after loan loss provisions of $70.2 million compared with $75.2 million lastReuter - 146 words
-
Article60 1977-04-21 5 Reuter LONDON. Wed. National Westminster Bank chairman sir jonn Prideaux said the outlook for domestic operations is still one of limited growth. Although there has been a rapid fall in interest rates, industry is still reluctant to borrow, he told the annual meeting. In 1976 the companyReuter - 60 words
-
Article47 1977-04-21 5 TOKYO. Wed. Honda Motor reportea that aftertax profit rose 30 per cent to 15.54 billion yen (11.95 billion) for the year ended Feb 28.1977. Sales recorded an increase of 18.6 per cent to 668.68 billion yen (563.8 billion). It maintained the dividend at nine yen.47 words
-
Article275 1977-04-21 5 Royal Bank will stay if UPI MONTREAL, Wed. The chairman of the Royal Bank of Canada said It would be difficult for the bank to maintain its headquarters In Quebec If French became the sole language of the province. "It Is not only our deep wish to be able toUPI - 275 words
-
178 1977-04-21 5 Reuter NEW YORK. Wed. Unlroyal chairman Mr. David Beretta told shareholders at the annual meeting the improved trend experienced in the first quarter is continuing into the second quarter. Net earnings for the first quarter to April 3, 1977 rose to US$13 million orReuter - 178 words
-
Article264 1977-04-21 5 Reuter NEW YORK. Wed. Monsanto said in reporting first quarter sales and earnings that it experienced a strong pickup in demand for almost all its products in March and the gains have carried into April. It said first quarter net earnings of US$147.9 million ($4.01 aReuter - 264 words
-
170 1977-04-21 5 Reuter LONDON, Wed. Employment Secretary Mr. Albert Booth said the Government plans legislation in this parliamentary session to Introduce worker representation on company boards. "We want this to be a spur to management and trade unions to work out the best wayReuter - 170 words
-
Article159 1977-04-21 5 Reuter "HOUSTON, Wed. Gulf Oil president Mr. James E. Lee told the annual meeting much of the decline in the company's first quarter earnings was caused by temporary conditions. He said the company believes its performance will return to a more normal level In the monthsReuter - 159 words
-
Article68 1977-04-21 5 Reuter TOKYO, Wed. Nippon Electric Co (NEC) said it plans to break Into the US market for small computers and Intelligent terminals. It established a whollyowned sales compahy in Lexington, Massachusetts, with a paid-up capital of US$5OO,OOO. The new firm, NEC Information Systems, plans to double its capital. NECReuter - 68 words
-
479 1977-04-21 5 Reuter FRANKFURT. Wed. The May total of mark foreign bond issues will probably be less than April's volume which is likely to be around a record 1.7 billion marks, bond market sources said. Most sources expect an issue volume of one to 1.2Reuter - 479 words
-
Article254 1977-04-21 5 Reuter CANBERRA. Wed. The Ranger uranium partners and the Australian Government have initialled an agreement for the partners to borrow government uranium oxide (U308) to meet their export contracts. Acting National Resources Minister Mr. Peter Nixon told Parliament. He said the partners, Peko-Wallsend and EZ Industries, wantReuter - 254 words
-
353 1977-04-21 5 Reuter HARTFORD, Conn., Wed. United Technologies expects the first quarter's forward momentum to continue in the months ahead, chairman Mr. Harry J. Gray told the annual meeting. He said the firm's backlog of business at March 31 totalled US$5.3 billion against last year'sReuter - 353 words
-
Article89 1977-04-21 5 Reuter MANILA. Wed. Lepanto Consolidated Mining said it expects net income rise to 70 million pesos this year from 11.2 million in 1976 and a loss of 1.75 million in 1975. Lepanto president Mr. Carlos Palanca also told the annual meeting first quarter copper production totalled 18Reuter - 89 words
-
-
Page 5 Advertisements
-
Advertisement230 1977-04-21 5 r„ r <?v ■f s., 3 Yes, surprisingly Other Hi-Fi manufacturers wonder why it was Bang Olufsen of Denmark and not themselves who came up with the idea The Beomaster 1900 is ideal f or people who want a unit with the utmost in technical sophistication And one that s230 words
-
-
Article2062 1977-04-21 6 Gr'« Gri 1977 Laat div Div y'ld Nat Vol Day High Low Company Sale ♦or- c'vr P/E COM) High Low SECTION ONE INDUSTRIALS 146 136 Acma 145 12.ON 1.1 8 2 7.3 133 127 Acma A 126 12.ON 1.1 9.3 6.5 204 204 Alcom 204 10.0 0.52,062 words
-
Article1158 1977-04-21 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1000 units unless otherwise specified All Time Settlement Contracts are quoted after the word Sett Big Board1,158 words
-
Article106 1977-04-21 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and ofTer prices and business done yesterday, with the number of options traded shown in brackets. D.B.S. (June $3.90) (0.051B 0.08S) (Dec $3.60) (0.25B) Inchcape (June $2.40) (0 07B 0.11S) O.U.B.106 words
-
Article165 1977-04-21 6 SINGAPORE UNIT TRUST Managers price* for Apr 21) The Commerce 1.73 1.83 The Saving Fund .0 88 0 94 S pore Prog Fund 0 79 0 84 S pore Security Fundi 47 155 S pore Invest Fund 1.04 1 10 ASIAN UNIT TRUST (Managers' price* for Apr 21)165 words
-
Article180 1977-04-21 6 B O T 8 1/2% 1981 (100,000) (103B 103 J 4S) D B S 8 1/2% 1982 (100.000) (lOO'.B 100 7 eS) 1)BS Converts 6 1/2% 1991 (100.000) (97'«B 98S) E I B 9% 1982 (100,000) (103 5 »B 104 'eS) E I B 8 1/4% 1983 (100,000)180 words
-
Article99 1977-04-21 6 5 1/2% 1/4/78 (250,000) (101.48B 101 53S) 5 1/2% 15/4/78 (250.000) (101 50B 101.65S) 5 1/4% 15/7/78 (250,000) (101 45B 101 53S) 7% 1/7/79 250.000) (104.70B) 5 1/4% 15/10/79 (250,000) (101.18B 101 28S) 6 3/4% 15/6/80 (250,000) (103.30B) 6 3/4% 1/12/80 (250.000) (103.10B) 5% T F 15/4/8199 words
-
Article1221 1977-04-21 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 Ajinomoto (2 028) Alcom (ISHSi. A. Choc (0 60B 0 638)1,221 words
-
Page 6 Advertisements
-
Advertisement137 1977-04-21 6 Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modern Business Enterprise: M. Gilbert Corporation Man: A.137 words
-
-
Article443 1977-04-21 7 INVESTORS and dabblers again made themselves scarce at the Stock Exchange of Singapore yesterday Prices were left to bump along narrow limiu with a singular lack of direction until the close. The opening market saw prices coming off marginally under selling orders carried over from the443 words
-
Article517 1977-04-21 7 EASIER trading continued to prevail at the Kuala Lumpur Stock Exchange yesterday, although lingering support was still evident in a number of lower priced shares. Prices, which were already marked lower on opening, eased gradually across the boards as the day wore on. There was517 words
-
Article106 1977-04-21 7 Reuter TOKYO. Wed. Chori Co vice-president Shusuke Sato said the company will report an after-tax loss of -22 to 2.3 billion yen for the year ended March 31, but denied stock market rumours it is suffering from serious financial difficulties. Chori s shares, listed on the firstReuter - 106 words
-
WALL STREET AND OTHER OVERSEAS MARKETS
-
Article1135 1977-04-21 7 NEW YORK: The stock market closed moderately lower In expanded trading on Tuesday, as Investors were looking ahead with caution to President Carter's energy proposals on Wednesday. Weakness was mostly concentrated In the blue chips group, analysts said, pointing out that the broader market was relatively firm. Mr..1,135 words
-
Article365 1977-04-21 7 JOHANNESBURG: Golds eased In light trading In line with European bullion indications on Tuesday, but the rest of the market was barely steady to softer, dealers said Heavyweights lost up to 70 cents, while smaller stocks shed up to 15. Financial minings were mixed and De Beers unchanged at365 words
-
Article577 1977-04-21 7 TOKYO: Prices rose sharply to the year's high In active trading on Wednesday, extending Tuesday's rise on the one per cent cut In official discount rate, dealers said. The Dow Jones average rose 43.01 to close at 5,118.44 with volume 400 million shares The new Index closed at 382.00,577 words
-
Article392 1977-04-21 7 SYDNEY: The market closed little changed in quiet trading on Wednesday, on lack of incentives. dealers said MKU fell 12 to 30 cents following the downgrading of Its reserves, and CRA lost five to 3.15. Peko-Wallsend, Queensland Mines, Hamersley, Rension and Ampol Ex were unchanged but Utah, Kathleen, Woodaide392 words
-
Article369 1977-04-21 7 PARIS: The market again moved broadly lower against a background of social unrest on Tuesday, particularly in the steel Industry, on which Prime Minister Raymond Barre Is to present the Government's programme this afternoon, dealers said Foods, banks, constructions and leisure stocks led the market down, with Cie Banciare,369 words
-
Article320 1977-04-21 7 AMSTERDAM: The market ruled mixed in quiet trading on Tuesday, dealers said. Hoogovens lost 1.20 guilders in generally lower Dutch Internationals except for Philips which firmed on foreign demand Dutch locals were quietly mixed. with gains headed by Pakhoed. Losses were led by Boll and Oce Grinten. Shippings generally320 words
-
Article337 1977-04-21 7 FRANKFURT: Most leading shares closed mixed on Tuesday, with a slightly weaker bias because of a technical reaction, market sources said In autos, VW rose 1.80 marks In active trading, whereas other auto shares closed up to 2.50 marks weaker (Mercedes). In the chemical sector, Basf and Bayer lost337 words
-
Article272 1977-04-21 7 ZURICH: The market turned irregular on Tuesday, with a firmer bias and trading was active. dealers said. Institutional investors bought Ciba-Geigy and Alusuisae and other firmer Industrials included bearer stocks of HolzstofT and Merkur. However. Nestle registered lost ground, as did Kreditanstalt. Financials Improved, led by Landis, and GYR,272 words
-
Article426 1977-04-21 7 HONGKONG: The market firmed In fairly active trading on Wednesday, In reaction to Tuesday's decline and on reconsideration of Jardine Mathseson's final 1976 results announced on Tuesday, dealers said. The Hang Seng Index rose 5.83 points to close at 445.46 points. Jardine rose 50 cents to $17.20 regaining half426 words
-
Article145 1977-04-21 7 BRUSSELS: The market was quietly mixed with only narrow price movements on Tuesday, dealers said. Electrafina UCB and rose, while Asturienne, L'nion Miniere, Acec and Cockerill fell. German stocks rose, Dutch issues were mixed, US Issues were mostly lower where changed. Gold mines declined North American Petrofinas eased, but145 words
-
Article312 1977-04-21 7 TORONTO: The market closed lower on Tuesday, with final hour activity pushing up trading volumes Declines led advances 206 to 188. Bell Canada lost H to 48S after reporting a first quarter earnings decline. Following their reports of reduced first quarter earnings. Royal Trust eased "t to 16 and312 words
-
Article180 1977-04-21 7 MANILA: The market closed dull on Wednesday, with minings and oils unchanged to slightly lower and commercials steady, dealers said Total turnover fell to 1.79 million pesos from Tuesday's 2.70 million. Phil Overseas was firm but San Miguel eased Unchanged issues Included Acoje Mining. Atlas Con A and B.180 words
-
Article179 1977-04-21 7 MILAN: Stocks gained In modest dealings at the start of the new account on Tuesday, encouraged by Industry Minister Carlo Donat Cattln's statement about the government Intending to reform dividend tax bourse sources said. Generate Immobiliare and Montedison gained ground Other industrial leaders to firm included Pirelli, which moved179 words
-
Article91 1977-04-21 7 APR 20 Bahts Asia Fibre 170 -2 Bangkok Bank 287 -24 Bangkok Invest 187S Bangkok-Metro-polilan Bank BaU BerliJucker 225 -13 Charoong Thai Wire 186S Dumex Dusit Thani Faber Merlin First Trust Indo-Thal Industrial Finance Corp ***** J And J Ho 231 -2 Jala pra than Cement 146 -16 Karnasuta91 words
-
Article57 1977-04-21 7 FINANCIAL TIMES INDUSTRIAL Tuesday 408.1 Monday 409.1 Week ago 407.9 DOW JONES AVERAGE INDUSTRIALS Tuesday 938.77 Monday 942.76 Week ago 937.16 LONDON DOLLAR PREMIUM Tuesday 117V«-118'A Monday 119Vi-120 H.K HANG SENG Tuesday 439.63 Monday 446.31 Week ago 430.43 SYDNEY INDUSTRIALS Tuesday 350.46 Monday 351.38 Week ago 353.34 ALL ORDINARIES57 words
-
-
Page 7 Advertisements
-
Advertisement365 1977-04-21 7 m m wv ri v .1 f*/f ll ao Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar ma/am! Because Penguin books are rather fa special. They are mind-stimulating, deeply researched, entertaining in a wholesome way,365 words
-
-
COMMODITY REPORTS AND PRICES
-
Article845 1977-04-21 8 IN the Singapore rubber market yesterday, opening quotations were marked unchanged from Tuesday night but later prices drifted lower on stale bull liquidation with May RSS One traded at 197.50 cents, dealers said. However, towards the morning, prices edged marginally higher to 198.00 cents traded845 words
-
Article30 1977-04-21 8 Rubber: April 20 Singapore: May 197.50 cts. (down 1.00 ct.) Malaysia: May 198.50 cts. (down 1.25 cts.) Tin: $1,446.00 (up $7.00) Official offering: 186 tonnes (up 21 tonnes)30 words
-
Article121 1977-04-21 8 THE Straits tin price in Penang yesterday rose $7.00 to $1,446.00 per picul on an official offering up 21 tonnes to 186 tonnes. In LONDON yesterday morning, tin showed lossess of £35 for Cash and £50 for Three Months in both contracts. Despite a further gain at Penang.121 words
-
Article102 1977-04-21 8 THE FOLLOWING Palm OH prices were quoted In London on Tuesday. The prices are rif Rotterdam and are quoted In US dollar per ton unless otherwise stated T uesdav Prov. Malaysia b (fa bulk 670 sir 652slr Jne Jly Sumatra 5 Apl unch 665qtd May675qtd 665qtd June 675qtd102 words
-
Article105 1977-04-21 8 M.y June R.A.S. (Current Mth) (Forward Mth) Buvei Sellers Buyen Sellers (rent> per kg) (cents >erk«> SSR20 (1-ton Pallet) 193 50 194 50N 194 50 195 50N SSR50 (1-ton Pallet) 191 50 192.SON 192.50 193 50N M.R.E.L.B. SMR 5CV (1-ton Pallet) 217.50 219.50N 219 50 221 50N105 words
-
Article281 1977-04-21 8 CHINESE PKODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL 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 fob 100% NLW $402': sellers. Sarawak white fob 96% NLW $382', sellers. Sarawak special black281 words
-
Article63 1977-04-21 8 THE Malaysian Minister of Finance has fixed these duties from April 21 until further notice; Rubber 91 5 4 cts a lb Copra $1,176.00 a ton Palm Kernel $235.25 a ton. The rates of duties payable are. Rubber 10% cts a lb Surcharge 5% cts a lb (Total63 words
-
Article355 1977-04-21 8 IN the Singapore gold market yesterday, the kilo- i bar attracted buying interest in the range of 5511.940 to 5511.965. The loco London gold opened at U*****.70/150.10 and was traded down to U*****.60/149.90 before closing at U*****.90/150.20 i on some short-covering and small buying support. The London morning fix355 words
-
Article175 1977-04-21 8 LONDON, Wed. Silver showed losses of 3.7 to 4.3 pence in the morning. Values declined in the pre-market reflecting lower gold and the trend In base metals, dealers said. But after reaching 285.6 pence for Three Months In early Ring trading, prices steadied in sympathy with other metals and175 words
-
Article220 1977-04-21 8 BANGKOK, Wed. 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 227220 words
-
Article310 1977-04-21 8 Reuter LONDON. Wed. Coffee futures met scattered support by the end of the opening session as early selling dried up. But losses on last night were £62 to £92. The official tone was "steady". 286 lots were traded. May closed £62 down at £3,870 after an early £90 loss.Reuter - 310 words
-
Article211 1977-04-21 8 CHICAGO, Tues. Soybean futures finished a wildly erratic trade with losses of 19' ii to 30 cents a bushel after retreating from an early maximum advance. Old crop months advanced as much as their 30 cent limit at the opening and new crop months showed minor gains. With the211 words
-
Article127 1977-04-21 8 CHICAGO, Tues. Wheat futures finished the session Vx cent a bushel higher to v« cent lower on a relatively light trade. Prices moved in a twocent range during the session under the influence of the trends in soybean futures but some resistance to the late collapse in beans was127 words
-
Article278 1977-04-21 8 LONDON, Wed. Copper wlrebars fell by £15.50 per tonne for Cash and £16 for Three Months In the morning. The market fell away under tired liquidation, short selling and some stoploss orders following the overnight movement at New .York and easier gold this morning, dealers said. Three Months traded278 words
-
Article59 1977-04-21 8 LONDON. Wed. Zinc declined by mostly £7.50 per tonne in the morning. This metal fell back from a pre-market high of £390 to a Ring low of £384 under small-scale hedge selling and liquidation in sympathy with the general trend. Sales of 1.700 tonnes were boosted by carries. On59 words
-
Article72 1977-04-21 8 LONDON. Wed. Lead fell by £4 all round In the morning. Values declined under general liquidation prompted by the trend in copper with Three Months trading down to £376 per tonne before profit-taking purchases and covering against some continental physical business partly reversed the trend. Three months finished the72 words
-
Article235 1977-04-21 8 LONDON. Wed. Futures opened £3 to £2.30 below yesterday afternoon levels but up to £0.75 per tonne above closing Kerb levels. Sales were 1.716 lots. Market sources said that lower levels produced by last night's trade selling in New York had prompted a similar downward reaction on the London235 words
-
-
MONEY AND EXCHANGES
-
Article551 1977-04-21 8 THE US dollar rose by about two yen yesterday against the Japanese currency during an active early trading session In Singapore. Dealers said heavy buying of the dollar pushed the rate up successively from the Tokyo opening of 275.80/ 90 yen before stabilising around 277.80/ 90 after lunch In551 words
-
Article188 1977-04-21 8 Asian rates ASIAN currency deposit Interbank rates as at close on April 20 I S Dollar* (Spot 1 Offer Bid 7 days .4 7/8 4 3/4 1 mth .4 3/4 4 5/8 2 mths .4 15/16 4 13/16 3mths .5 3'16 5 1/16 6mths 5 7/16 5 5/16 9 mths188 words
-
Article49 1977-04-21 8 RANGE of prices ottered by discount houses on April 20 Overnight 1 to 3* Call deposit 2 to 3% Closing Buy Selling 3-month Treasury bills 3 n 3-Month Bank bills 4 1/16 3 15/16 3-Month CD 4^ 4H 6-Month CD 4 9/16 4 7/16 Source: National Discount Co49 words
-
Article133 1977-04-21 8 Euro rates LONDON, Wed. Most period Eurodollar deposits opened lower reflecting the Friday dealings technicality, while shorts were steady, dealers said. The recent very quiet trend continued on lack of general Interest, with light rollover requirements a further factor dampening business. Three Months, however, was unchanged with a Friday end133 words
-
Article39 1977-04-21 8 THE Monetary Authority of Singapore (MAS) invites banks and discount houses to tender for: $20 million 91-day Treasury Bills to be Issued from April 25 to April 29. Each tender must not be less than $250,000.39 words
-
Article217 1977-04-21 8 LONDON, Wed. The yen was quoted at 277.15/45 to the dollar in early European currency trading, after a steep decline in Tokyo earlier today. The Bank of Japan sold an estimated $70 million to support its currency, which closed at 277.80 in the Japanese capital. The yen has now217 words
-
Article197 1977-04-21 8 NEW YORK. Tues. The dollar closed stronger against most currencies after a fairly active trading session, aided by news US personal income in March showed the second largest rise ever, dealers said. The gains were accentuated by substantial shortdollar covering by a large European bank although trading tapered197 words
-
Article161 1977-04-21 8 HONG KONG, Wed. The US dollar rose sharply to 277.50/80 yen, after opening around the New York close at 275.70/80, dealers said. The dollar rose rapidly in fairly active afternoon trading on heavy buying in Tokyo, probably for import settlement needs and possibly in continued reaction to this week's161 words
-
Article188 1977-04-21 8 TOKYO, Wed. The Bank of Japan sold an estimated US$7O million to stem a steep fall in the value of the yen on the local foreign exchange market caused by demand for the US dollar, dealers said. The dollar for overnight delivery closed at 277.80 yen, compared with 275.70188 words
-
Article79 1977-04-21 8 Minimum lending rates (in ACBC 6*4 First Chicago 6 J Algemene Bank 6 3 '4 Citibank 6 3 4 Bangkok Bank .7 HSBC 7 Bank of America 6*4 Indosuez 6 3 4 Bank of China 7 Malayan Banking 6 3 4 Bank of Tokyo 6 3 4 Mitsui Bank 679 words
-
Article47 1977-04-21 8 AUSTRALIA/NZ exchanges quoted on April 20: Australia: Sterling 1.1079/1.1031 US dollar 0.6464/0.6394 Ninety-day air mail buying rates: Sterling 0.6670 US dollars 1.1332 Ninety-day forward buying rates: Sterling 0.6468 US dollars 1.0963 New Zealand: Sterling 0.5601/0.5570 US dollar 0.9676/0.9576 Ninety-day forward rate: Sterling 0.5830 US dollar 0.985647 words
-
Article42 1977-04-21 8 ZURICH exchange closing quotes on April 19: US 2.5140-5148 UK 4.3180-3210 Can 2.3910-3930 W Germ 106.23-30 Neth 101.77-85 France 50.66-70 Belg 6.92-1/4 93 Denm 42.03-07 Norw 47.80-83 Swed 58.00-05 Italy 0.2828-2830 Austria 14.94-96 Port 6.45-47 Spain 3.65-1/2-66 Arg 0.70-85 Japan 0.91-91-1/242 words
-
Article46 1977-04-21 8 FRANKFURT exchanges opening quotes on April 20 US 2.3695/ 3705 (2 3645/ 55) Can 2.2600/ 20 UK 4.07/ 08 Neth 95.90/ 96.00 Switz 94.10/ 20 Italy 2.665/ 675 France 47.73/ 83 Norw 44.95/ 45.01 Belg com 6.52/ 53 Belg fin 6.48/ 51 Japan 0.8540/ 5546 words
-
Article319 1977-04-21 8 LONDON, Wed. Straight Eurobonds continued the recent firm trend in fairlyquiet trading, dealers said. US and Japanese convertible bonds followed the generally firm but quiet trend. LONDON Eurobond prices quoted on April 20 STRAIGHTS BID OFFER Austria 8% 90 101 101% Bell Canada 8% 86 105'-. 105% BFCE319 words
-
-
Page 8 Advertisements
-
Advertisement136 1977-04-21 8 T^SINC Bu SINGAPORE MC(P) 162/1/77 VOL.I N0.4 APRIL 1977 PRICE:S3.OO mi t Jl irrf v COVER Telecommunications MANUFACTURING Singapore's long-term prospects TRADE Singapore: United States PROPERTY Middle-income housing LIFE AT THE TOP Kurt Lindblad FINANCE Insurance INVESTMENT Automobile assembly TRENDS Cold winds of reality Trends in Singapore's economic indicators Commodity136 words
-
-
TRANSPORT AND COMMUNICATIONS
-
354 1977-04-21 9 AP UPI EUROPEAN motor car manufacturers predicted yesterday that President Carter's energy-saving programme will boost American sales of small European cars but will also bring competition from a United States switch to making fuel-efficient subcompacts. European leaders welcomed President Carter'sAP; UPI - 354 words
-
Article136 1977-04-21 9 A FOUR-DAY lecture course on marine cargo insurance will be conducted by Mr. Teo Kwang Whee, general manager of Cosmic Insurance Corporation, beginning on May 11. The course is organised by the Supervisory and Management Training Association of Singapore. It will provide a working knowledge136 words
-
Article86 1977-04-21 9 A NEW multi-purpose diesel vehicle, the Unitrak, has recently entered the light truck market in Greece. Powered by a four* cylinder Perkins vehicle diesel engine and produced by Perkins national distributor Petros Petropoulos S.A of Athens. this 4.000 kg GVW truck has many operating features. These include the86 words
-
319 1977-04-21 9 UPI FRENCH aviation circles said yesterday reports that the Anglo-French supersonic jetliner Concorde produces greater fire and explosion hazards than conventional subsonic planes are unfounded. A spokesman for Air France said reports that Concorde fuel is more flammable and heats up to a dangerousUPI - 319 words
-
1105 1977-04-21 9 COLUMBUS, Wed NYT FOR at least 150 years men have dreamed of having a canal through the northeast corner of Mississippi that would link the Tennessee River to the Tomblgbee River and provide a short cut to the Gulf of Mexico.NYT - 1,105 words
-
Article, Illustration442 1977-04-21 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga \lelor (1100 after Indian Mail) 8/9 Bunga Seroja (1100) (Must head West for UTM L and will haul to Gdn 35/36 on completion of D L. UTM/L. and L/L for T L) (D/L. UTM/L, L L and T L) 33/34 Cherry VlIJa442 words
-
Article172 1977-04-21 9 AP LONDON. Wed. Chinese charterers featured prominently in a day of mixed business yesterday. In the single-voyage sector they worked 30.000 tonnes of Canadian-goods from British Columbia to China aboard a May 2-18 loader at U5512.40 (FIO), 20.000 tonnes of sulphur from Vancouver aboard another May vesselAP - 172 words
-
Article, Illustration132 1977-04-21 9 15,000TONNE HYBRID SHIP TO BE LAUNCHED A 15.000 tonne hybrid ship incorporating roll-on rolloff and Uft-on lift-off features (see picture) Is due to be launched In Kobe, Japan, next Thursday. The ship has been built for the Anro consortium which comprises the Australian National Line, Neptune Orient Lines of Singapore,132 words
-
Article40 1977-04-21 9 DREDGING work at Pandan River has been extended to May 31. The details of the operation remain unchanged and mariners are advised to proceed at the slowest speed consistent with safe navigation while approaching and passing near the area.40 words
-
Article571 1977-04-21 9 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKG MAS MH682 0810 KCH CPA CX710 1000 HLP SIA SQ211 1015 HLP GIA GA980 1030 HLP GIA GA908 1100 MES PAL PR501 1115 MNL SIA SQ240 1140 MES RBA BI325 1155 BWN SIA SQ201 1200 HLP571 words
-
Article346 1977-04-21 9 FT TOKYO, Thurs. British Aircraft Corporation (to become part of British Aerospace from April 29) has just completed two weeks of formal presentations on the modified version of the BAC One-Eleven 475 aircraft which it hopes to sell to TOA Domestic Airways. Thirteen BAC staff menFT - 346 words
-
-
Page 9 Advertisements
-
Advertisement307 1977-04-21 9 i *rr. m r- <* $125/ TIMES DISTRIBUTORS SDN. BHD., mail order division. TIMES HOUSE. RIVER VALLEY ROAD, SINGAPORE 9. Please tend me copy/coptet ol THE TIMES ATLAS OF CHINA. I enclose Cheque/Money Order for poet tree. while stocks last! NAME ADDRESS THE TIMES ATLAS of CHINA The Times Atlas307 words
-
-
Article, Illustration786 1977-04-21 10 SOH SIAM LOH - By SOH SIAM LOH THE agency which never turns away a client, no matter how small. This Is the underlying philosophy of Starllte Advertising the biggest local advertising agency in Singapore and the third oldest And this philosophy appears to have served786 words
-
Article, Illustration1819 1977-04-21 10 Margaret Reid - Shareholdings of five to 10 per cent are to be disclosed, Margaret Reid reports Margaret Reid FT FROMthe start of this week the take-over guessing game has acquired a new dimension of interest to numerous Investors. The disclosure of smaller shareholdings down to five perFT - 1,819 words
-
368 1977-04-21 10 LETTER TO THE EDITOR THREE points in the Business Times article (April 7): "Credibility and the independent auditor" are interesting ..the critical core of shoddy audit work is much more likely to be the sheer press of time"; "..but the great bulk of368 words
-
Page 10 Advertisements
-
Advertisement239 1977-04-21 10 BUSINFSSTIMKS SINGAPORE'S NEW FINANCIAL DAILY MAKE SURE YOU GET YOUR COPY THE PAPER FOR TOP EXECUTIVES FOULKS LYNCH-LONDON in association with FEDERAL PUBLICATIONS is pleased to announce the inauguration of a local home study centre that will be of special benefit to all accountancy students in South East Asia. Combining239 words
-
-
Article247 1977-04-21 11 KUALA LUMPUR, Wed. Air traffic controllers have threatened action that would affect airline services operating -lthln the Malaysian airspace if the Cabinet committee recommendations for them were not improved. They claim that the committee had downgraded the air controllers from the professional and managerial group.247 words
-
Article162 1977-04-21 11 A WEST German furniture fitting manufacturer, Paul Hettich Export, has started a service to assist local furniture industry in its domestic and export sales efforts. Hettich's area sales manager for West Asia and the Far East, Mr. Werner Soester, said that local manufacturers can now162 words
-
Article100 1977-04-21 11 Reuter HONGKONG, Wed. China has inaugurated a new air service from Shanghai to the scenic resort of Kweilin following the opening of the Shanghai Lanchow Urumchi Airline last Friday, the New China News Agency reported today. The agency, monitored here, said the Shanghai Hangchow Changsha Kweilin flightsReuter - 100 words
-
499 1977-04-21 11 Reuter AP KOBE, Wed. The Kobe Chamber of Commerce said It and the Foreign Trade Council asked the Japanese Government and the Bank of Japan to help smaller exporters and trade houses offset the yen's appreciation in the past few months. About 600Reuter; AP - 499 words
-
299 1977-04-21 11 Reuter TOKYO, Wed. A survey made by the Ministry of International Trade and Industry showed that capital spending for plant and equipment In Japan is expected to increase five per cent to 6.86 trillion yen (Ss6l billion) during fiscal 1977 which started thisReuter - 299 words
-
Article73 1977-04-21 11 Reuter TOKYO, Wed Japan s natural rubber imports in March rose 68 per cent to 25,893 tonnes from 15,458 tonnes In February, according to custom-cleared trade statistics compiled by the Finance Ministry. The sharp increase reflected active tyre demand from automobile Industries, It said. The March totalReuter - 73 words
-
1675 1977-04-21 11 News-in-Depth. GENEVA, Wed. London and Paris are the next stops on the long hard road towards a fairer deal for the poor nations who provide much of the world's raw materials, ranging from bananas to bauxite. Four weeks of– News-in-Depth. - 1,675 words
-
Article298 1977-04-21 11 UPI WASHINGTON. Wed. The head of the US Agency for International Development said yesterday that the United States must be prepared to overhaul and drastically Increase Its aid programme to developing countries, "perhaps even double or triple it." Mr. John Gilligan. newly confirmed AID administrator.UPI - 298 words
-
Article, Illustration464 1977-04-21 11 UPI STRASBOURG. (France,) Wed. British Foreign Secretary Dr. David Owen said today the Western Industrial nations. Including the nine European Common Market countries, must do even more to help the poorer developing countries. He said the Soviet Union and its East European allies are doingUPI - 464 words
-
Article131 1977-04-21 11 Reuter BANGKOK, Wed. A Thai trade mission will visit Europe next month in a bid to expand markets for Thai Industrial products, the Daily Trade News, an organ of the Commercial Relations Department of the Commerce Ministry reported today. According to the Dally Trade News,Reuter - 131 words
-
Article108 1977-04-21 11 THE proportion of women in the population is apparently increasing, with a much larger proportion of men dying than women and a higher proportion of women being born. According vto the latest monthly demographic bulletin by the Statistics Department, 50.5 per cent of live births in108 words
-
Article95 1977-04-21 11 THE first Asian Business Exposition ABEX '77 from Sept 7 to 10 at Hyatt Hotel will feature exhibits by companies which are involved in the multl-mllllon dollar computer, telecommunication and office machinery Industries. A two-day seminar, organised by Industrial and Scientific Conference Management (ISCM),95 words
-
Article88 1977-04-21 11 GEORGE Kent (S) is organising a two-day seminar for engineers and technical personnel Involved in the design, Installation, operation, selection and purchase of automatic package steam boilers and automatic liquid phase heaters at Ladyhlll Hotel on May 16 and 17. The seminar will be conducted by Mr.88 words
-
Article49 1977-04-21 11 THE Comptroller of Income Tax sued Abacus Holding (Pte) Ltd in the High Court yesterday for $307,020 in taxes allegedly due. Diethelm Singapore Pte Ltd also filed a suit yesterday against Prestige Homes (Pte) Ltd for $74,842.80 allegedly due for work done and materials supplied to the defendant.49 words
-
Article214 1977-04-21 11 Reuter SEOUL, Wed. The Canadian Government has offered a US$l3O million (SS32O million) loan to help finance the construction of South Korea's second nuclear power plant, Commerce Industry Minister Chang Yle-Joon said. Officials of the state-run Korea Electric Co (KECO) will soon go to Canada toReuter - 214 words
-
131 1977-04-21 11 AP SEOUL. Wed. The Federation of Korean Industries (FKI) here has asked the Government to propose joint ventures with Britain to manufacture heavy industrial and chemical products in South Korea for exports to China. The request Is timed to British Trade Secretary Edmund Dell'sAP - 131 words
-
111 1977-04-21 11 Reuter WASHINGTON, Wed. Ample rains over most of southern China in recent weeks have largely corrected a moisture deficit, the US Agriculture Department said. Following well below normal March precipitation, heavy rains in parts of central China may Impede sowing of dryland crops, theReuter - 111 words
-
Page 11 Advertisements
-
Advertisement630 1977-04-21 11 NOTICES AUCTION OF Valuable Singapore Properties To be held at the Lecture Room, Ground Floor Chinese Chamber of Commerce 47 Hill Street, Singapore 6 On Thursday, 28 April 1977 At 2 .30 p m MORTGAGEE'S SALE 1 No 4 Vanda Avenue, Mukim XV Lot 1576, area ***** square metres (12,790630 words
-
Advertisement156 1977-04-21 11 APPOINTMENTS MARKETING REPRESENTATIVE HONG KONG AROUND $35,000 P.A. A Group of Companies in the food manufacturing industry in South-East Asia has an opening for a dynamic and mature executive to join its Management team to support the Group's activities in Hong Kong The successful applicant wMI be located in Hong156 words
-
-
Article683 1977-04-21 12 Reuter MANILA, Wed. The aggregate trade deficit of 18 developing member countries of the Asian Development Bank (ADB) fell sharply to an estimated US$5.3 billion in 1976 from $12.7 billion tne previous year, the ADB's annual report said. The figure includes Hongkong. South Korea, Singapore,Reuter - 683 words
-
139 1977-04-21 12 Reuter MANILA. Wed For the first time in 10 years, two Arab organisations Arab Fund for Economic and Social Development (AFESD) and Opec special fund (Opec-SF) are sending observers to the 10th annual meeting of the board of governors of the Asian Development BankReuter - 139 words
-
Article805 1977-04-21 12 LONDON. Wed. The market finished firmer, responding to small Interest, dealers said At 3 p m the Financial Times Index was up 4.1 at 412.2 Government bonds firmed up to 3/4 point, with sentiment helped by news that government spending for the last financial year was below expectations805 words
-
164 1977-04-21 12 UPI BANGKOK, Wed. Australian Foreign Minister Andrew Peacock today said his country is prepared to give the Economic and Social Commission for Asia and the Pacific (Escap) US$5OO,OOO (SSI.2 million) to see It through the coming year. Mr. Peacock, speaking at the fullUPI - 164 words
-
626 1977-04-21 12 SOH TIANG KENG - By SOH TIANG KENG MANILA, Wed. Finance Minister Hon Sui Sen will make "representations" against the two-tier lending system adopted by the Asian Development Bank in its ordinary loans to developing nations. He will do so at the three-day ADB meeting which626 words
-
Article459 1977-04-21 12 AP TOKYO Wed. Unions representing 330,000 national railway workers accepted an average 9.12 per cent pay raise today and ended a scheduled 72-hour strike after 21 hours. An estimated 18 million commuters and travellers were deprived of their usual means of transportation, meaning a day offAP - 459 words
-
Article99 1977-04-21 12 Reuter TOKYO. Wed. The 160,000-strong Japan seamen's union said its 42,000 members working on ocean-going vessels plan to stage an indefinite walkout at noon this Saturday to press their 18.880 yen or 11.5 per cent monthly wage increase demand. The ocean-going shipping division will notify ship- owners tomorrowReuter - 99 words
-
Article, Illustration212 1977-04-21 12 MISS World Trade Asia 1977. Joan Zimmerman, is due in Singapore next Monday to deliver an official copy of the National World Trade Proclamation 1977 from President Carter to Mr. D.D. Sachdev, chairman of the Joint Standing Committee of the Chambers of Commerce of Singapore.212 words
-
160 1977-04-21 12 UPI LONDON, Wed. Milium trade-unionists converged on London today to protest the Labour Government's pay curb policy. The unionists, who travelled by train and bus from all parts of Britain, are unhappy with the Government-union "social contract" agreement. That policy has limited wageUPI - 160 words
-
Article94 1977-04-21 12 THE Government won its appeal at the High Court yesterday against a magistrate's ruling that the legislation covering the operation of the restricted zone (RZ) traffic scheme In the Central Business District was illegal. In his six-page judgment, Chief Justice Wee Chong Jin ruled that94 words
-
67 1977-04-21 12 THE leader of the 14member trade mission to Vietnam, Mr. K.C. Tan, said that there exists a big potential for greater bilateral trade between Singapore and Vietnam. Mr. Tan, who returned yesterday, told newsmen that Singapore can look Into the possibilities of Importing timber,67 words
-
551 1977-04-21 12 A DECISION on whether reclamation work on three Islands Pulau Tekong. Tekong Kechil und Übln should be carried out at all is expected to be taken by the end of this month. Since tenders for the project closed in August last year, the estimated551 words
-
499 1977-04-21 12 THE bond market yesterday reacted calmly to the Monetary Authority of Singapore's (MAS) move to redeem before maturity the October 77/79 5 3/4 per cent stock issued In 1959. There was no market In the bond and quotes were still at the 101.48499 words
-
353 1977-04-21 12 ABOUT 1.71 million tonnes of cargo throughput was achieved in January at the Port of Singapore Authority (PSA), a downturn of three per cent compared with the tonnage of 1.76 million tonnes in December last year. But this figure is 20.1 per cent more353 words
-
Article241 1977-04-21 12 THE Jurong Town Corporation (JTC) yesterday announced that it has waived its requirement for a banker's or insurance guarantee, equivalent to three months' rent and service charge for its flatted factories. The move is intended to supplement Government assistance to small industries operating here, a JTC241 words
-
Page 12 Advertisements
-
Advertisement37 1977-04-21 12 CRANES FOR SALE THREE ELECTRICALLY DRIVEN CRANES COMPLETE WITH GRABS. CAPACITY: WITH GRAB 1 5 TONS WITH HOOK 1 81/2 TONS BUILT 1970 BY CLARKE CHAPMAN FOR DETAILS PHONE: *****3 OR WRITE 252 HOLLAND RD SINGAPORE 1037 words
-
Advertisement100 1977-04-21 12 OUERCOmE BHLDnESS By an ingenious newest technique, you can now regain a new crop of natural hair within a matter of 2 hours. Unlike a wig, this new hair is securely added onto your own hair to give you a smart confident look and a rejuvenated ego. Make an appointment100 words
-