The Business Times, 26 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 26, 1t77 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Dearer coffee from May 1
      60 1 THE price of a cup of coffee, tea and other beverages with milk will be raised by 10 cents from May 1 while coffee and tea without milk will be dearer by five cents. Coffee shop-owners decided to make this Increase because of the continued
      60 words
    • Article
      Lock icon Healey for IMF talks
      38 1 UPI LONDON, Mon. Britain's Chancellor of the Exchequer Denis Healey left here today for talks In Washington with officials of the International Monetary Fund on the future of Britain's economy. UPI. see page 3
      UPI  -  38 words
    • Article
      Lock icon Half were acquisitions
      72 1 UPI NEW YORK, Mon. About half of all foreign Investments In the United States since the beginning of 1976 have been In the form of acquisitions of US firms, according to a quarterly survey released here today. This compared to less than 25 per cent In the
      UPI  -  72 words
    • Article
      Lock icon World Bank loans
      46 1 UPI WASHINGTON, Mon. The World Bank today announced that lb would give loans totalling US$BB million (Ss2l6 million) for a series of projects in developing countries. The projects ranged from highways In Algeria to Irrigation In Sri Lanka and tourism In Swaziland. UPI
      UPI  -  46 words
    • Article
      Lock icon Consumer prices down
      40 1 Reuter HONGKONG, Mon. Hongkong's 'A' and *B' consumer price Indices both fell 0.85 per cent In March to 117 (base 1973/74) and both stood 6.4 per cent above March 1976, Census and Statistics Department figures show. Reuter.
      Reuter  -  40 words
    • Article
      Lock icon Pertamina allocation
      38 1 AP JAKARTA, Mon. The state oil company Pertamina Is allocating US$25O million (***** million) to finance exploration and production activities this year, a big Jump from last year's approximately $145 million, an official said today. AP.
      AP  -  38 words
    • Article
      Lock icon Hirohito gesture
      27 1 UPI TOKYO, Mon. Emperor Hirohito expressed hope today that Philippines President Marcos' visit to Japan would further promote friendly ties between the two countries. UPI
      UPI  -  27 words
    • Article
      Japan disagrees on sugar
      36 1 TOKYO, Mon. Japan opposes in principle the plan to build up an International buffer stock of raw sugar. The plan Is currently being discussed at the UN sugar conference In Oeneva. Reuter
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    • Article
      Lock icon Dow Jones
      99 1 UPI NEW YORK, Mon. The stock market, uncertain about the economy's outlook, headed shArply and broadly lower early today In active trading of New York Stock Exchange Issues. Analysts said Investors were disturbed the Carter Administration had lowered Its economic growth forecasts and raised Its projection of the
      UPI  -  99 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      171 1 CONDITIONS were quiet and a lightly easier at the Stock Exchange of Singapore yesterday. Against the trend, Central Sugars continued to move strongly ahead on shortcovering. Elsewhere, share prices were slightly eroded again and at the close, the Business Times index fell 2.94 points to 253.89 while
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    • Article
      In Kuala Lumpur
      111 1 Rises Most active S. Trading 5.45 —.10 Central Sugars 385,000 Dunlop Est 1 80 -.08 Haw Par 108,000 BovlsS.E.A ***** Slm€ by J. 14 uo High b Low 34,000 U.O B. A' 3.00 06 Cons Plant 3.66 06 Total Turnover: 0.97 M O.C B.C. 6.70 -05 Total
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  • Article
    Don't accept offer by Haw Par
    1193 1  -  ADVICE TO HPL SHAREHOLDERS ■y QUEK PECK LIM SHAREHOLDERS of Haw Par (London) convertible preference shares have been advised not to accept Haw Par Brothers International's attempt to buy their shares at 14.44p each. This advice was contained in the offer document Haw Par
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  • Article
    Lock icon EXPERTS PUT OFF BID TO CAP DANGER WELL
    253 1 Reuter STAVANOER .(Norway), Mon. High waves today forced American experts sent to cap an out-of-control North Sea well to postpone their hazardous task. The well has been gushing thousands of tonnes of crude oil dally since last Friday night. But the Philips
    Reuter  -  253 words
  • Article
    Small rise in public sector deficit
    571 1 SINGAPORE'S consolidated public sector deficit Is budgeted to rise US per cent In fiscal 1977 to $2.03 billion from $2 billion In fiscal 1976, after a 24.5 per cent rise from $1.61 billion In fiscal 1975, according to figures compiled by the Finance Ministry.
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  • Article
    Lock icon Bank loss: Three officials held
    208 1 AP LUOANO (Switzerland), Mon. The state Prosecutor's office announced the arrest today of three senior officials of the Credit Suisse branch at Chlasso In connection with the loss of up to 250 million Swiss francs. ($248 million). A spokeswoman for state prosecutor Paolo Bernasconl said
    AP  -  208 words
  • Article
    Lock icon Natwest rate cuts start ball rolling
    157 1 Reuter LONDON, Mon. National Westminster Bank said it cut Its base rate to nine per cent from 9.5 per cent. It Is also cutting deposit rate to 4.5 per cent from five percent. Both changes are effective tomorrow. National Westminster's acton followed the 1/4
    Reuter  -  157 words
  • Article
    Lock icon Unions told to organise the poor
    148 1 AP KUALA LUMPUR, Mon. —Trade unions In developing countries should organise the rural poor, Mr. Devan Nalr, president of the International Confederation of Free Trade Unions, an Asian regional organisation, said today. Opening the Asian conference of public services unions, he said If organised
    AP  -  148 words
  • Article
    Opening day
    20 1 HONOKONO, Mon. The Hongkong Commodity Exchange is expected to open on May 9, commodity trading sources said .Renter.
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  • Article
    Lock icon Rich, poor nations in race against time
    313 1 Reuter PARIS, Mm. Rich and begin urmcm against time to salvage worthwhile results from their long-stalled "North-Sooth dialogue." The 27-memher economic negotiations between the weetern industrial powers, the main Opec oil exporters and developing nations have been at a standstill since last November.
    Reuter  -  313 words
  • Article
    Common fund will only make things worse — Lee
    572 1 Common fund will only make things worse Lee SINGAPORE does not believe that a common commodity fund will stabilise world commodity prices or bring about a more equal distribution of wealth between developing and Industrialised countries. This opinion was voiced by Prime Minister Lee Kuan Yew In an Interview with
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  • Article
    CITY WITHOUT PETROL
    65 1 MELBOURNE, Mon. Australia's Minister for Employment Tony Street said the federal government would use all of its powers if the Victorian state government requested help in overcoming a strike which has left Melbourne without petrol. The city has been without petrol since the weekend because an 11
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      50 1 £3 Soto Agents Tel: *****/***** SEE PAGE 11 Overseas Oversee* Stocks —P7 News/TV Radio —P 2 Commodity —PS Overseas Transport ft CornNew s/Fe a ture P3 muni cations -PI Local Co News P4 Features PIC International Co News P 5 Local ft Overseas Local Stocks P 6 News —PH. 12
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      Page 1 Advertisements Column 2
      132 1 Ask a bird why smart tenants choose Leong v T w 4 A bird sees most <* clearly our advantages. Like perfect location, for example. A bird's eye view shows Hong Leong apartments smack in the centre of inner CBD, in an area of offices, shops, restaurants, nightclubs and other
      132 words
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      Page 1 Advertisements Column 3
      3 1 SEE BACK PAGE
      3 words
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      143 1 U-BIX COMPLETE CORYNG SYSTEM APS ELECTRONICS (PRIVATE) LIMITED T« JMOO3 IS Lmaw APS ELECTRONICS (M) SON BHO KUALA LUMPUA T« SONY VIDEO SYSTEM Trust Sony for your video HAIMI 6 With customary vision and foresight Sony pioneered video equipment. Today. Sony is one of the world s foremost manufacturers of
      143 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Kuwait backs Perez move
      700 2 AP KUWAIT, Mon. Kuwait support* President Carlos Andres Perez of Venezuela in his efforts to arrange a uniform price for oil and end the dispute between member countries of the Organisation of Petroleum Exporting Countries, Kuwaiti officials said yesterday. The officials were addressing reporters after the
      AP; UPI photo  -  700 words
    • Article
      Lock icon Machine tool orders off to a strong start
      257 2 NYT NEW YORK, Mon. The machine tool Industry is off to a strong start in the first auarter, according to figures released over the weekend by the National Machine Tool Builders Association. That trade group placed March orders at U*****.8 million, a
      NYT  -  257 words
    • Article
      Lock icon MOVING ALONG — THAT'S THE U.S. ECONOMY
      1061 2 MOVING ALONG THAT'S THE U.S. ECONOMY THE COURSE IS SET BY CARTER NYT WASHINGTON, Mon. Three months after coming Into office, President Carter has now pretty much set the course he thinks the economy should take. In the whirlwind of programmes for revising the federal budget, stimulating the economy, undoing
      NYT  -  1,061 words
    • Article
      Lock icon Credit marts' jitters over money growth
      426 2 Reuter NEW YORK, Mon. The credit markets, nervous about the rapid growth of money supply, are bracing for a possible tightening of monetary policy by the Federal Reserve Board this week. "Some drop In the aggregates, particularly Ml, is essential if the Fed is
      Reuter  -  426 words
    • Article
      Lock icon 'UK unions sitting ducks for Reds'
      159 2 Reuter LONDON, Mon. Mr. Frank Chappie, leader of the Electrical Workers' Union, said today many trade unions in Britain had become sitting targets (or I communists. He said in an open letter to trade* unionists-, published in the latest Issue In Britain of Reader's
      Reuter  -  159 words
    • Article
      Lock icon More coal proposal
      110 2 Reuter TOKYO. Mon. Poland Is proposing to conclude a long-term agreement to Increase Its exports of coking coal to Japan from the present level of 800,000 tonnes a year and reduce an Imbalance in Polish-Japanese trade, Nippon Steel Corp said. It Is also seeking a loan from
      Reuter  -  110 words
    • Article
      Lock icon RICE FORECAST HIGHER
      87 2 Reuter CANBERRA, Mon. The Bureau of Agriculture Economics raised its fourth forecast of 1976/77 Australian rice output to 518,000 tonnes from a December third forecast of 491,000 tonnes and a 1975/70 crop of 417,000 tonnes. In its March Trends In Agricultural Commodities quarterly, the Bureau lifted Its
      Reuter  -  87 words
    • Article
      Lock icon Pretoria suspends gold requirement
      107 2 Reuter CAPE TOWN, Mon. The South African Reserve Bank's legal requirement to maintain a minimum gold reserve equal to 25 per cent of public liabilities less foreign assets Is suspended with immediate effect, Finance Ministers Owen Hor wood said In a statement. Mr. Horwood said the
      Reuter  -  107 words
    • Article
      Inflation rate still stands at 5-6 pc
      338 2 WASHINGTON, Mon. Mr. Charles Schultze, chairman of President Carter's Council of Economic Advisers, said the revision in the Administration's inflation expectations Includes much of the price rise that has already occured. Mr. Schultze stressed in an interview the Administration still considers the underlying
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    • Article, Illustration
      Lock icon Economists question whether IMF credit still vital for Britain
      709 3 LONDON, Monday Reuter SOME British economists are seriously debating the chances of Britain modifying Its schedule for borrowing the full US$3.9 billion (Ss9 billion) standby credit from the International Monetary Fund. Such action, Just over three months after the whole package
      Reuter  -  709 words
    • Article
      Lock icon Plan to stop IBM sales to S. Africa and Chile
      460 3 AP NEW YORK, Mon. The question isn't new, but it seems increasingly troublesome in a world in which computer technology opens broad possibilities for sophistication in political oppression. Should a company sell a computer to a "fascist" government, perhaps extending
      AP  -  460 words
    • Article
      Lock icon Switzerland to limit Rhodesian imports
      211 3 Reuter BERNE, Mon. Switzerland, one of the few countries openly trading with Rhodesia, has honoured its international promises to limit imports from the rebel British colony, according to a Foreign Ministry report. The foreign Ministry has made a review of trade between the two countries
      Reuter  -  211 words
    • Article
      Lock icon DISPUTE OVER AID FOR ARAB ALLIES...
      831 3 AP NICOSIA, Mon. Arab countries directly Involved in the dispute with Israel complain that their 011-rlch allies are stingy In giving them aid from billions of dollars piled up In foreign banks. The primary beneficiaries Egypt. Syria and Jordan say they deserve support as
      AP  -  831 words
    • Article, Illustration
      Lock icon CHANCE OF FURTHER TAX CUTS IN BRITAIN
      644 3 Reuter LONDON, Mon. Chancellor of the Exchequer Denis Healey set 10 per cent aa the British Government's ceiling for the rise in average earnings in the pay around from next August, but said he held out hopes of further tax cuts this summer
      Reuter  -  644 words
    • Article
      Lock icon Jamaican dual exchange rate to boost the economy
      316 3 AP KINGSTON, Mon. Prime Minister Michael Manley has announced a dual rate of exchange for the Jamaican dollar as part of an emergency programme to boost the economy. The old rate of 0.909 Jamaican dollars per US dollar (US $1.11 per Jamaican
      AP  -  316 words
    • Article
      Lock icon The Reds can't get into the black
      768 3  -  By DAVID LASCELLES ET ALTHOUGH the Soviet bloc countries managed to narrow their yawning trade gap with the West last year for the first time in five years, this did little to halt their steady slide into debt. Voices are now being heard
      ET  -  768 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      782 2 Me $§&Ub Ptamiffim 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
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      40 2 WEATHER report for 24 hours prior to 7.30 p.m. on April 25 at Singapore airport. Maximum Temperature Associated Humidity Minimum Temperature Associated Humidity Hours of Sunshine Rainfall in Millimetres Total Rainfall for the Month Total Rainy Days for the Month
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      164 2 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 3.50 General Hospital 4.30 Intermission 6.00 P.M. Opening Announcements followed by Boy Dominio The Man Who Loved Children 6.30 News in Brief 6.35 Porky Pig Show 6.00 P.M. Opening
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  • COMPANY NEWS
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      Page 4 Advertisements Column 1
      199 4 Give us a man foramonthwe'H give him a language for life inlngua 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 in a
      199 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon ACM Gold Antimony Mine report
      201 5 Reuter PERTH. Mon. A treated head grades at the Blue Spec Gold/ Antimony Mine in its ffrst eight months of operation reached only 74 per cent of the projected grade for gold and 81 per cent for antimony, Australian Consolidated Minerals (ACM) said. in its
      Reuter  -  201 words
    • Article
      Lock icon United Brands up
      144 5 Reuter BOSTON. Mon. United Brands, a toad company, said its profit jumped 34.6 per cent in the first quarter over the year-ago period. United Brands saia it earned US$3 5 million, or 27 cents a share, up from $2.6 million, or 19 cents, last year. Sales rose
      Reuter  -  144 words
    • Article
      Lock icon EDF standby credit
      135 5 Reuter PARIS, Mon. The eight year standby credit for Electricite De France (EDF) has been raised to US$6OO million from an initial $400 million, lead manager Credit Lyonnais said. Primary market sources said demand totalled between $800 million and $900 million, but despite earlier indications EDF would
      Reuter  -  135 words
    • Article
      Cavenham
      34 5 LONDON. Mon. Cavenham said Generale Occidentale and its subsidiaries hold 53.38 million Cavenham ordinary shares representing 51.03 per cent of the company while Prudential Assurance owns 5 85 million or 5.59 per cent.
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    • Article
      Manitoba
      28 5 ZURICH. Mon. The Province of Manitoba's 80 million francs. 15 year, 5Vt per cent loan was heavily oversubscribed at its issue price of par, Schweizerische Bankgesellschaft said.
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    • Article
      Lock icon Bullish forecast by Bankamerica
      424 5 Reuter SAN FRANCISCO. Mon. Bankamerica's financial health "has never been better" and the company is "bullish" about its prospects in the months ahead, president Mr. A.W. Clausen said in remarks prepared for the annual meeting. Mr. Clausen also said he believes the banking industry as a
      Reuter  -  424 words
    • Article
      Lock icon ACTS to develop market
      398 5 FT LONDON. Mon. The Arab Company for Trading Securities (ACTS) has been formed in Kuwait to promote and develop a secondary market there for bonds and other fixed-in-come securities denominated in Kuwaiti dinars and other international currencies. With an issued share capital of KDI million (USS3.S
      FT  -  398 words
    • Briefly
      • Article
        Sonacome
        73 5 FRANKFURT, Mon. Algeria's Ste Nationale de Constructions Mecaniques (Sonacome) received a fiveyear floating rate 80 million mark credit from a banking consortium led by Cie Financiere de La Deutsche Bank, the bank's parent Deutsche Bank said. The credit, provided mainly by Luxembourgbased banks, is guaranteed by Banque Nationale d'Algerie.
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      • Article
        INI
        103 5 FRANKFURT, Mon. Spanish industrial holding company Instituto Nacional de Industria (INI) is raising a US$6O million five year Euromarket credit at 1 1/4 per cent over London interbank offered rates. Euromarket sources said. Lead manager was named as Manufacturers Hanover. Just completed is a 20 million five year credit
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      • Article
        World Bank
        54 5 FRANKFURT Mon. The 100 million murk pnvate placement the World Bank is offering as part of its 500 million mark fund raising package will nave an eight year maturity and 6.50 per cent coupon, lead manager Deutsche Bank said. Pricing is expected to be at 99.50 per cent
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      • Article
        NMA
        36 5 DUESSELDORF, Mon. The 50 million mark maximum 10 year 7 1/ per cent Eurobond for the Norwegian Mortgage Association for Industry and Trade was priced ut 100.50 per cent, lead manager Westdeustsche Landesbank Girozentrale said.
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      • Article
        DFC
        58 5 LONDON, Mon. Development Finance Corp of New Zealand (DFC) plans to issue US$2O million of notes due 1984 with an indicated coupon of 7*« per cent, lead manager Citicorp International Bank said. DFC is a statutory body whose main business is providing medium and long-term finance for periods up
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      • Article
        Kay
        47 5 NEW YORK. Mon. Kaysaid it has agreed in principle with its majority shareholder. Bowater Holdings, to repurchase one million shares of Kay common stock from Bowater at US$6 a share. Currently Bowater holds 2.19 million shares of Kay common stock, about s&per cent of outstanding shares.
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      • Article
        B.C. Hydro
        79 5 LONDON, Mon. The British Colombia Hydro and Power Authority plans to issue US$75 million of bonds due 1985 in the International capital market with an indicated 7*« per cent coupon. Credit Suisse White Weld said. Proceeds will be added to the general funds of the authority and used
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      • Article
        Iberduero
        45 5 LONDON Mon. A US$6O million loan for Iberduero. Spain's biggest electricity company, was signed last Friday, Banco de Bilbao said as lead manager. The loan, which carries a spread of 1 1/2 per cent over London Interbank offered rates, is repayable over seven years.
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      • Article
        Brazil
        45 5 FRANKFURT, Mon. The Federal Republic of Brazil's 100 million mark seven-year Eurobond will probably carry a 7 3/4 per cent coupon and be offered at a discount, an official at lead manager Deutsche Bank said. Terms are due to be finalised on May 5.
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    • Article
      Lock icon Leyland assesses spending freeze
      267 5 Reuter LONDON. Mon. British Leyland chairman Sir Richard Dobson said there is no immediate financial pressure on the company because of the freeze on capital spending while it reviews its long-term development plans. The pressure is more of a commercial and marketing one, with the threat
      Reuter  -  267 words
    • Article
      Lock icon Exxon's pledge of support
      162 5 Reuter NEW YORK Mon. Exxon cnairman Mr. cotton C. Garvin. Jr.. said ne was encouraged by parts of President Carter's energy message and pledged that Exxon will act positively and will do its best to cooperate in assuring the nation's energy future. Mr. Garvin did express
      Reuter  -  162 words
    • Article
      Lock icon Amax expects coal usage to increase
      222 5 Reuter NEW YORK, Mon. Coal usage will probably increase dramatically between now and 1985, even without the adoption of the penalties on users of oil and natural gas proposed by President Carter, said Amax chairman Mr. Lan MacGregor. In an interview with Reuter, Mr.
      Reuter  -  222 words
    • Article
      Lock icon Land's living images
      806 5  -  POLAROID AGM SURPRISE By VICTOR K. MCELHENY NYT AT THE Polaroid's annual meeting in Needham. Mass.. today Dr. Edwin H. Land, the company's founder and chairman, is expected to launch a technological skyrocket an instant motion picture system. Indeed, the apparatus for making instantly available "living images"
      NYT  -  806 words
    • Article
      Lock icon Non-financial firms profit will rise
      130 5 Reuter CHICAGO. Mon. Non-fi-nancial corporations' aftertax pro Tit will rise nine per cent this year and "In the eight to 13 per cent range" next year, a Citibank economist predicted. However, real profit adjusted for inflation is likely to grow only about five per cent
      Reuter  -  130 words
    • Article
      Lock icon Return to work at Newman
      110 5 Reuter PERTH. Mon. About 230 striking Australian Metal Workers Union (AMWU) men at the Mt. Newman Mining's Co's Newman iron mine voted to return to work at a meeting over the week-end. union sources said. The strike, which started on April 4 over the format
      Reuter  -  110 words
    • Article
      Goldsworthy Mining strike
      101 5 SYDNEY. Mon Australian Workers Union (AWU) members at the Shay Gap iron ore mine operated by Goldsworthy Mining went on strike over the current Pilbara industrial agreement negotiations. a company spokesman told Reuter by telephone from Perth. He declined to give any details but said the strike
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    • Article
      Lock icon Victor cut
      65 5 Reuter TOKYO, Mon. Victor Co of Japan said it cut the price of its two-hour video cassette tapes for household use to 4,800 yen from 6.000 yen previously. The reduction was made possible by lower production costs and simplification of packaging design and materials, the company said. The
      Reuter  -  65 words
    • Article
      Norway
      26 5 LONDON. Mon. The Kingdom of Norway US$l5O million 7 1/4 per cent five year Eurobond was priced at 100 1/4, lead manager Hambros Bank said.
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    • Article
      Lock icon Standard Ohio declines
      131 5 Reuter CLEVELAND. Mon. Despite an increase of 15 per cent in revenue, Standard Ohio reported that net earnings for the first quarter fell to US$lB.7 million or 48 cents a share from 524.3 million or 63 cents a share. Revenue rose from $717.5 million to $823.5 million.
      Reuter  -  131 words
    • Article
      Lock icon Strong growth at Dow Chemical
      420 5 Reuter MIDLAND. Mich.Mon. Dow Chemical said, among major product groups, first quarter sales growth of chemicals and metals was strong worldwide, exceeding the company's total first quarter sales growth of 11.9 per cent. Plastics and packaging also increased substantially except in Canada and Latin America,
      Reuter  -  420 words
    • Article
      Creditanstalt notes
      76 5 LONDON. Mon Credi-tanstalt-Bankverein plans to offer US$4O million floating rate notes due May 1984 in the Eurobond market, European Banking said. The notes which will be issued at par will carry a minimum interest rate of 5 3 4 per cent and a spread of per cent above
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    • Article
      Lock icon Gulf Oil earnings fall
      270 5 Reuter PITTSBURGH. Mon. Gulf Oil attributed the drop in its first quarter results mainly to earnings declines in worldwide chemicals, domestic petroleum, and Canadian operations. Last Tuesday. Gulf reported first quarter earnings of 85 US cents a share on revenue of $4.8 billion compared with $1.02
      Reuter  -  270 words
    • Article
      Lock icon Sandvik expansion plans
      691 5 FT STOCKHOLM. Mon. Sandvik. the Swedish steel and hard metal products group which is planning to raise its first foreign convertible bond and seek a London stock market quotation this year, has outlined its long-term development prospects in the final report for 1976. The group will continue
      FT  -  691 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      70 5 BELGIAN TEXTILE EXHIBITION 77 Dote: 27th April 1977. I 10.00 am 6.00 pm Venue: Hyatt Hotel Singapore "Twenty leading Belgian Textile Manufacturers specialising in Household linen, carpets and upholstery will present to Singapore textile specialists their latest range of products." Textile wholesalers, importers and dealers are cordially invited to attend.
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      Page 5 Advertisements Column 2
      362 5 BUSINISS SURVIVAL Two TODAY'S EXECUTIVES: MAKING THEM BETTER COMMUNICATORS Hot Spot The Package t Today's business executive or rofessional is more than ever the focus of public scrutiny. Consumerists demand attention and action. Environmentalists charge pollution. Customers complain about prices. Groups seek speakers. As a mirror of the community, the
      362 words
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  • Article
    Share Information Service
    2104 6 Gr'» Gr'i Net 1977 Last div Div yld P/E Vol Day High Low Company Sale OT- C'VT COOO) High Low SECTION ONE INDUSTRIALS 146 136 Ac ma 144 12.ON 1.1 8 3 7.2 133 127 Acma A 130 +2 12.ON 1.1 9.2 6.5 11 130 130 204
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  • Article
    Transactions in Singapore
    1156 6 BID and offer prices officially listed and business in and reported to the Stock Exchange of Slnzaoore vesterdav with the number of shares traded shown In brackets In lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board
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    In Kuala Lumpur
    1261 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified INDUSTRIALS Aema (1 40B) Aimemoto (1.958), CD. A leant (l.ft7S>. A. Chat.
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  • Article
    Stock options
    90 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) (0.055) (2) 0.04 (Dec $3.60) (0.258) Inchcape (June $2.40) (tI.OKS) 0.U.8. (June
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  • Article
    Unit trusts
    142 6 SINGAPORE UNIT TRUST (Manager*' prices for Apr 26) INCOME BOND UNIT (Current prices) The Commerce ...1.71 1.81 The Saving Fund .0.88 0 93 S'pore Prog Fund .0.78 0.83 S'pore Security Fund 1.46 1.54 S'pore Invest Fund 1.00 1.06 ASIAN UNIT TRUST (Manager*' price* for Apr 26) Mai Invest
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  • Article
    Corporate bonds
    189 6 B O T 8 1/2* 1981 (100,000) (1038 103*«S) D B S 8 1/2* 1982 (100,000) (100'«B IOOTfcS) DBS Converts 6 1/2* 1991 (100,000) (97>/«B 98'«S) E I B 9* 1982 (100,000) (103 SB 104 3 *S) E I B 8 1/4* 1983 (100.000) (100 3 48 101
    189 words
  • Article
    Domestic govt bonds
    115 6 5 1/2* 1/4/78 (250,000) (101.488 101.525) 5 1/2* 15/4/78 (1,000.000) <101.408 101.635) 5 1/4* 15/7/78 (250,000) (101 488 101.555) 4 3/4* I/V79(250,000)(100 558 100 70S) 7% 1/7/79 (250,000) (104.658) 5 1/4* 15/10/79 (250,000) (101 508 101 655) ft 3/4* 15/6/80 (250,000) (103.30B) 6 3/4* 1/12/80 (250,000) (103.10B)
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      Page 6 Advertisements Column 1
      137 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.
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  • Article
    Shares move quietly lower
    419 7 CONDITIONS were quiet and slightly easier at the Stock Exchange of Singapore yesterday. Against the generally dull background. Central Sugars continued to move strongly ahead on shortcovering. The share closed eight cents higher at 51.64 after a turnover of more than 200,000 units. Until the close
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  • Article
    Central Sugars advances again
    359 7 SHARE prices closed lower iii generally dull and easier conditions at the Kuala Lumpur Stock Exchange ;vesterday. However, apparently vv here speculators were con- prned. Central Sugars remains sweet as ever. Under a steady stream of buying support, the share was heavily traded to a high
    359 words
  • Article
    Lock icon Borden net earnings rise
    131 7 Reuter FLEMINGTON. NJ M<>n iDespite a marginal decline ?in sales, Borden said net earnings for the first quarter this year rose to U5526.4 million or 85 cents a share from $22.87 million or 74 cents a share. Sales declined to $823 million from $833.3 million. Borden's
    Reuter  -  131 words
  • Article
    Rolls Royce loss
    80 7 tONDON. Mon. RollsRoyce (1971) made a pre-tax loss of L' 21.9 million compared with a profit of £4.5 million in 1976. Chairman Sir Kenneth Keith said in the annual report the company had laced a significant drop in manufacturing workload because of the general economic recession. "There
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  • Article
    Lock icon Motorola reports gain
    94 7 Reuter SrHAUMriURG. (Illinois), Mon. 1 Motorola Inc. reported a 35 per cent gain in first quarter profit over the year-ago period on an 18 per cent rise in sales. The electronics company said it earned US$22.B million, or 80 cents a share, up from $16.9 million, or
    Reuter  -  94 words
  • Article
    Lock icon Philip Morris' negatives
    676 7 Reuter NEW YORK Mon. When Philip Morris last week reported a 24 per cent Increase in per share earnings for the first quarter, It reinforced the opinion of Wall Street analysts that the cigarette manufacturer was on its way to a 24th consecutive year of record profit.
    Reuter  -  676 words
  • OVERSEAS MARKETS
    • Article
      Tokyo
      450 7 TOKYO: Share prices continued to ease in light trading on caution following last week's price rise and on lack of fresh stimuli, dealers said on Monday. The Dow Jones average fell H2.12 to 5.102.90 with volume 150 million shares. The new index declined 1.44 to 380.15. Mitsui Engineering and
      450 words
    • Article
      Hongkong
      434 7 HONGKONG: The market closed lower in quiet trading on Monday, following last Friday's Wall Street weakness, some proiit-taking after last week's, rise and a burst of late selling dealers said The Hang Seng index was aown 4.28 points to close at 444.46 points. Among leading stocks, Hongkong Bank lost
      434 words
    • Article
      Manila
      164 7 MANILA: The market was generally lower on Monday, with mining and oils declining while commercials remained unchanged. with sentiment depressed by world rnetal price trends, dealers said. Turnover fell to 1.51 million pesos from last Friday's 1.79 million Banguio Gold was firmer but Allan Con B, Philex A and
      164 words
    • Article
      Bangkok
      83 7 APR S Bahts Asia Fibre 170 -5 Bangkok Bunk 307 ♦< 1 Bangkok Invest 181 I Bangkok-Metro-politan Bank Bata 429 BerliJucker 251 -1 Charoong Thai Wire 180S Dumex DusitTham Faber Merlin First Trust Indo-Thai Industrial Finance Corp 1245 J And J Ho 231 Jalaprathan Cement 137 -1 KarnusuLa Lee
      83 words
    • Article
      Market Closure
      10 7 THE Sydney market was closed yesterday (Anzac Day).
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  • Article
    Lock icon Sumitomo ushers in first floating rate CD
    253 7 Reuter LONDON. Mon. Sumitomo Finance International has Introduced the first floating interest rate Eurodollar certificate of deposit, via a US$l5 million three-year offering. The CD was Issued In the name of Sumitomo Bank last Friday. Interest rate will be fixed per cent above
    Reuter  -  253 words
  • Article
    Lock icon Pitfalls for small investor in bond market
    1299 7 NYT NEW YORK, Mon. There are pitfalls for the small Investor who puts his money Into corporate bonds Corporations fixed-In-come securities to be sure, have a lot of Investment appeal because their yields are high and its principal is relative. A rundown of
    NYT  -  1,299 words
  • Article
    Lock icon Drive for greater earnings
    1320 7  -  HOWARD HUGHES' SUMMA By Wallace Turner NYT BEHIND secrecy as heavy as it was while Howard R. Hughes lived, the companies he left are being managed by men who fear they may lose control unless they increase earnings, according to confidential sources close to the Hughes'
    NYT  -  1,320 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      335 7 Yes, Penguin books are not to be found in any ordinary shop. ®t in little road-side stalls. Heavens, certainly not in the tasar ma/am! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational quite unlike the type that merely appeals to
      335 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Local and foreign rubber markets
      400 8 THE Singapore rubber market yesterday opened 0.75 cent lower reflecting slightly easier London advices and then lost a further 0.75 cent on some stale bull liquidation in thin dealings. Towards the morning close, prices recovered slightly on some buying Interest In July/ Sept and light
      400 words
    • Article
      Closing prices
      30 8 Rubber: April 25 Singapore: May 194.00 cts (down 1.25 cts.) Malaysia: May 194.00 eta (down 1.50 cts) Tin: $1,456.00 (up $6.00) Official offering: 235 tonnes (down 5 tonnes)
      30 words
    • Article
      Straits tin
      126 8 THE Straits tin price In Penang yesterday was up $6.00 to 51.456.00 per plcul on an official offering down five tonnes to 235 tonnes. In LONDON yesterday morning, tin closed around £57 down for Cash and £44 lower for Three Months In both contracts. Values eased in the
      126 words
    • Article
      SSR and SMR
      100 8 May Juae R.A.S. (Current Mth) (Forward Mth) Buyers Seller* Buyer* Seller* (cei it* per kg) (cm ■t» per kg) SSR20 (1-ton Pallet) 192.00 193 00N 193.00 194 OON SSR20 (1-ton Pallet) 190 00 191 .OON 191.00 192 OON M.R.E.L.B SMR5CV (1-ton Pallet) 216.50 218.SON 218.50 220 SON
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    • Article
      Gold
      526 8 IN the Singapore gold market yesterday, the kllobar changed hands In the range of SSI 1,900 to SSU.96O. The loco London gold opened at U*****.00/149.40 and on steady support was bldded up to U*****.60/150.00 at the close. The London morning fix was U*****.30 down 40 cents from the previous
      526 words
    • Article
      Lead
      62 8 LONDON, Mon. Lead closed with losses of mostly £1 a tonne In the morning, dealers said. Values were marked down In the pre-market In sympathy with the trend In copper although the lower levels found some covering support In the Ring. Three Months ranged from £284 up to £389
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    • Article
      Zinc
      48 8 LONDON, Mon. Zinc eased by mostly £4 a tonne in the morning dealers said. The metal was virtually neglected with values giving ground in line with other base metals. Three Months finished the Ring trading at £387.50 a tonne with sales of only 725 tonnes, mainly carries.
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    • Article
      Produce prices
      123 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk SI 10 sellers, old drum $115 sellers, new drum $120 sellers Copra: Mixed (loose) UK/Cont $71 buyers Pepper: Muntok ASTA white f.o.b 100% NLW $400 sellers. Sarawak white fob 98% NLW $380 sellers, Sarawak special
      123 words
    • Article
      Coffee
      220 8 LONDON, Mon. Robusta futures opened with gains of around £30 compared to Friday's close but lacked any follow through support and ended the session with losses of £4 to £30. 286 lots were traded and the tone was "easier." July opened £30 up at £4,050 but finally closed £4
      220 words
    • Article
      Sugar
      114 8 LONDON, Mon. Terminal opened barely steady with prices £0.55 to £0.10 below Friday afternoon levels. Sales totalled 1,738 lots. Dealers said prices initially attempted to rally after Friday's rather hesitant Kerb session but lack of fresh news over the weekend tended to dampen any follow through buying interest and
      114 words
    • Article
      Copper
      100 8 LONDON, Mon. Copper wlrebars showed losses of £6 a tonne for Cash and £4.50 i for Three Months In the morning. Values sagged on the pre-market under < modest liquidation which reflected the closing trend at New York, dealers said. In the Ring, influential selling encountered good trade buying
      100 words
    • Article
      Silver
      81 8 LONDON, Mon. Sliver fell by 2.4 to 3.5 pence per troy ounce In the morning. Values were marked down at the outset reflecting the late trend at New York on Friday and lower gold this morning, trade sources said. The market thereafter held steady aided by absence of selling
      81 words
    • Article
      Lock icon USD A 1976/77 oilseed output forecasts
      464 8 Reuter WASHINGTON, Mon. Production of major oilseeds In India during 1976/77, including cottonseed. safflower and coconut in terms of copra, Is forecast at 11.87 million tonnes by US sources, a US Agriculture Department field dispatch from Bombay reports. During the 1975/76 season a record
      Reuter  -  464 words
    • Article
      Rice
      220 8 BANGKOK, Mon. Indicative prices quoted for rice are: US dollars per tonne for basts Bangkok White Rice: 100 per cent Ist class 286 100 per cent 2nd 269 100 per cent 3rd 284 5 per cent 254 10 per cent 233 IS per cent 230 20 per cent 227
      220 words
    • Article
      Lock icon US cashew brokers caught in a fix
      660 8 NYT NEW YORK, Mon. The cashew nut Industry in the United States has a delivery or, more accurately, a lack-of-delivery problem with roots that stretch to India and Tanzania. Even the Soviet Union may be involved In the cashew affair or so say
      NYT  -  660 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      655 8 THE US dollar eased against the Deutschemark in the Singapore foreign exchange market yesterday following a 1.4 percentage point upward revision of the US inflation forecast. Opening by about 30 points lower from last Friday's close at DM2.3690, the American dollar was steadily trade to DM2.3670 when the London
      655 words
    • Article
      Discount
      50 8 RANOE of prices offered by discount house on April 25 Overnight 2\ to 3* Call deposit 3% fll«ls| Buy Sell 3-Month Treasury bills 3 2 7/8 3-Month Bank bills 4 3 7/8 3-Months CB 4 3/16 4 1/10 «-Months CB 4 7/16 4 5/16 Source: National Discount Co. Ltd.
      50 words
    • Article
      Frankfurt
      33 8 FRANKFURT exchanges opening quotes on April 25 US 2.3680/90 2.3725/30) Can 2.2590/2010 UK 4.005/075 Neth 96.00/10 Swltz 93.95/94.10 Italy 2.665/680 France 47.70/80 Norw 44.88/96 Belg com 6.53/54 Belg fin 6.51/53 Japan 0.8495/8510
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    • Article
      Euro $ rates
      153 8 Euro rates LONDON, Mon. Period Eurodollar deposits opened steady to a shade harder In modest activity while shortdates opened unchanged from Friday's closing levels, dealers said. One month opened around 7/16 higher due to a Friday end of period and a few longer positions were also slightly higher at the
      153 words
    • Article
      London
      255 8 LONDON. Mon. The dollar weakened across the board in European currency centres as markets reacted to the Carter Administration's upward revision in its inflation forecast. Sterling was also easier, dropping to $1.7176/79 from $1.7184/17 on Friday. In Washington on Friday, the Office of Management and budget said, in a
      255 words
    • Article
      Hongkong
      181 8 HONGKONG. Mon. The US dollar weakened against European currencies here following the US Government's upward revision of its inflation forecast, but recovered slightly in afternoon trading, dealers said. The mark closed at 2.3677/83 against Friday's 2.3719 New York close after opening near US West Coast closes at 2.3680/90 and
      181 words
    • Article
      Eurobond prices
      425 8 LONDON, Mon. Straight dollar bonds eased about 1/4 point in moderate trading, dealers said. Dealers ascribed the generally easier trend to the increased activity in the primary market. In first time dealing, the Kingdom of Norway $150 million 7 1/4 per cent issue due 1982 and priced at
      425 words
    • Article
      Minimum lending rates (in %)
      57 8 Minimum lending rates (in ACBC <*% Algemene Bank 6* Citibank Bangkok Bank ..7 HSBC 7 Bank of America 6*4 Indosuez Bank of China 7 Malayan Banking 6*. Bank of Tokyo 6V« Mitsui Bank fi*. Bank Negara Indonesia 7 OCBC OUB 6*. 6 J 4 Chartered Bank 6*. UCB 7 Chase
      57 words
    • Article
      Australia/NZ
      10 8 THE market in Australia was closed yesterday (Anzac day).
      10 words
    • Article
      Tokyo
      193 8 TOKYO, Mon. The Bank of Japan is believed to have sold an estimated $20 million to halt a sharp decline in the yen, banking sources said. The central bank intervened at the 278.50 yen to the dollar and the US dollar for overnight delivery closed at this rate, against
      193 words
    • Article
      Lock icon Mortgage firm plans to raise $59m
      99 8 Reuter LONDON, Mon. Mortgage Investment company BM-RT Ltd Is planning to raise Cs2s million (5558.75 million) through a five year Eurobond with an expected coupon of 8 3/ per cent, lead manager Union Bank of Switzerland (Securities) Ltd said. The Issue Is guaranteed by
      Reuter  -  99 words
    • Article
      Lock icon KL treasury bill rate
      67 8 Reuter KUALA LUMPUR, Mon. The average discount rate on 91-day Malaysian Treasury bills fell to 3.072 per cent at the latest tender from 3.121 per cent last week. Bank Negara said. It said applications totalled MSI3I million for the $40 million of bills on offer. The
      Reuter  -  67 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      254 8 Soi "AS I WAS PASSING" is now compiled into abook $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 sold
      254 words
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  • TRANSPORT AND COMMUNICATION
    • Article, Illustration
      Lock icon The Concorde is dying a slow but sure death
      923 9 Reuter TOULOUSE (France), Mon. Concorde is dying a slow but sure death, according to executives of the state-run aviation firm building the supersonic airliner here. Whatever New Yoric finally decides on permitting the plane to land there, the Anglo-French airliner seems
      Reuter  -  923 words
    • Article
      IATA forecasts 8 — 9 per cent growth rate
      426 9 IATA forecasts 8 9 per cent growth rate lATA expects "continued healthy near-term growth" in international passenger traffic. In its latest review, it stated that according to its industry research division, that between now and 1978 business travel will be stimulated by the healthy economic activity in most major, traffic
      426 words
    • Article
      Lock icon BBC plans EEC Radio Europe broadcast
      254 9 AP LONDON. Mon. The British Broadcasting Corp. (BBC) has said it plans a multi-language Common Market Radio Europe based In London to link all nine member states. The BBC said it hoped to start broadcasting news and current affairs In English, French and German
      AP  -  254 words
    • Article
      Lock icon New York ban on the SST may end
      164 9 AP NEW YORK, Mon. Port Authority officials now predict the supersonic Concorde cannot continue to be banned from Kennedy Airport because of federal certification of new noise-data claims, the Daily News reported. The newspaper said in its editions today it appears that
      AP  -  164 words
    • Article
      PSA tariff
      28 9 PRINTED copies of the PSA Tariff 1976 in Chinese are now available at $1.50 per copy from the cashier's office, Ist floor. PSA Towers, Jardine Steps.
      28 words
    • Article, Illustration
      IN PORT
      441 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barguzin (0600 after Kyokal Maru) (Subject free board) 27/28 Cherry Vilja (B. Barge) (2000 tbc) 48 Crane Barge Tal Chin (0700 after Straat Chatham) 8/9 Dong Bee (0900) (Subject free board) (Overall length not to exceed 99 m) King Tower (0600) 44 Perils
      441 words
    • Article
      Lock icon Airline's traffic growth expected at 6-7 pc
      167 9 Reuter AMSTERDAM. Mon. KLM Royal Dutch Airlines expects Its traffic growth in the next few years will be six to seven per cent per annum, executive board chairman Sergio Orlandlnl said. It rose eight per cent In 1976 and compares wltn an average
      Reuter  -  167 words
    • Article
      Lock icon Record car output
      122 9 Reuter TOKYO, Mon. Japan's March vehicle production rose to a record 750.100 units. up 19.0 per cent from 630.200 In February and 13.8 per cent from 658,900 In March last year, the Automobile Manufacturers Association said. The previous record was 718.700 units in July last year. The
      Reuter  -  122 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      579 9 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKO/KUL TMA IL303B 0215 BEY/IXI/ BOM/KUL MAS MH682 0810 KCH OAA PA847 0830 sfo/hnl/oum SLA SQ211 1015 HLP GIA GA980 1030 HLP OIA GA908 1100 MES SIA SQ240 1140 MES RBA BI325 1155 BWN SIA SQ201 1200
      579 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      99 9 A wealth of answers to scientific phenomena LIFE SCIENCE LIBRARY A thousand questions you've asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular theory mathematics the human
      99 words
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  • Article, Illustration
    Lock icon WHEN U.S. ENERGY JOYRIDE IS OVER
    2257 10  -  The following article was written by James Naughton, based on his reporting and that of Edward Cowan, Charles Mohr, Steven Rattner, David Rosenbaum, Hedrick Smith and James Wooten. James Naughton NYT SHORTLY before he was Inaugurated, President Carter told a visitor that he was
    NYT  -  2,257 words
  • Article
    Lock icon Third World move to join the nuclear club
    1185 10  -  By IBRAHIM NOORI Reuter AN INTERNATIONAL conference on the transfer of nuclear technology organised by Iran has crystallised the objections of nuclear "have not" nations to what many of them see as the restrictive policies of the Industrialised West. The objections were
    Reuter  -  1,185 words
  • Article
    Lock icon Tarapur running out of uranium fuel
    631 10  -  By GENE KRAMER AP ONE of Asia's largest atomic electric plants is running low an uranium fuel. The problem of resupplylng it provides the first major test of relations between the new governments In both India and the United States. Talks are expected In
    AP  -  631 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      186 10 ASM®r II MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE V s ASM RESEARCH BILLETM This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia.
      186 words
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  • Article
    Mart for printing equipment will pick up
    230 11 SINGAPORE'S Import of printing and graphic arts equipment, which dropped from $22.5 million In 1975 to $13.25 million last year, should Improve gradually over the next few years. The market for such equipment should recover sufficiently by 1981 to absorb up to $25
    230 words
  • Article
    CLEARER CHEAPER COPIES
    124 11 JAPANESE technology has come out with something nice for the middle and low copy users as well as higher copy volume users In Canon's new low-priced desk top plain paper copier which was unveiled over the weekend in Singapore. The Canon NP-50 claims to make clearer, smellproof,
    124 words
  • Article
    Certs for participants
    88 11 PARTICIPANTS of the basic book-keeping course organised free of charge by the cooperative branch of the Registry of Cooperative Societies and Mutual Benefit Organisation, Ministry of Social Affairs, will be presented with certificates by the Registrar, Mr. Ng Ful Fong, on April 29. The course started on
    88 words
  • Article
    ITC GATHERS DATA FOR PRICE REVIEW
    810 11 KUALA LUMPUR, Mon. The Economic and Price Review Panel of the International Tin Council has started collecting data from tin producers and consumers for presentation to the next session of the council In London in July. The council has despatched its staff to several
    810 words
  • Article
    Sweden's stake here
    263 11 SWEDEN has five manufacturing plants and 25 firms with established sales, service and regional offices in Singapore according to Mr. Goran Edman, project manager of the Swedish Export Council yesterday. The largest of these has an investment of about $20 million and more than a hundred Swedish
    263 words
  • Article
    Grace talks at Hilton Hotel
    127 11 W.R. GRACE, the US fndustrlal chemicals group, Is currently holding its Pacific division construction products meeting ,at tlhe Singapore Hilton. The four-day meeting, which started yesterday, Will discuss developments In tlhe construction Industry in Asia, the US and Europe. About 30 delegates from Australia, New
    127 words
  • Article
    Lock icon The race against time to update China's industries
    284 11 UPI HONGKONG, Mon. After roughing It in freezing weather at China's largest oil field, key delegates to the nation's most important industrial conference in years moved to Peking today for the final phase. Communist Party ChairYnan Hua Kuo-feng opened the first stage
    UPI  -  284 words
  • Article
    Lock icon Taiwan's projects: More than just a gamble
    931 11 NYT KAOHSIUNG (Taiwan): Here at the nearly comEleted plant of the China teel Corp.. Taiwan's first large Integrated steel mill, engineers are putting the rolling mills through their test runs. Next door, two 445,000tonne supertankers are under construction In the recently finished China
    NYT  -  931 words
  • Article
    Lock icon Vietnam denies meddling
    103 11 Reuter BANGKOK, Mon. Vietnam today denied a Thai charge that It had Interfered In Thai and Lao Internal affairs by backing Laos in a Thai-Lao dispute, and said It was up to Bangkok to Improve relations. The new salvo In a running argument between Thailand and the
    Reuter  -  103 words
  • Article
    UOB's 77th branch
    61 11 UNITED Overseas Bank announced yesterday that It will be opening Its 77th branch at the junction of Frankel Avenue and Changl Road this Friday. The branch will provide a wide range of services, Including current, savings and coin bank accounts, fixed deposits, cashier's orders, traveller's and gift
    61 words
  • Article
    Auction nets $51,000
    43 11 THE Government yesterday sold $51,790 worth of used motor vehicles, plants and stores at a public auction held at the premises of Cheong Koon Seng and Co. (Pte) Ltd. During the auction twenty-eight lots were sold, with four lots withdrawn.
    43 words
  • Article, Illustration
    Lock icon Marcos flies in for second state visit
    363 11 Reuter TOKYO, Mon. President Marcos of the Philippines arrived here today for an unprecedented second state visit to Japan to discuss security and economic development In South-east Asia and bilateral trade. Mr. Marcos and his wife Imelda, Governor of Metropolitan Manila, are treated
    Reuter; AP photo  -  363 words
  • Article
    'KEMAMAN BEST SPOT FOR OIL SUPPLY BASE'
    145 11 KUALA TRENOGANU, Mon. Trengganu Mentrl Besar Datuk Hajl Wan Mokhtar Ahmad told the State Assembly yesterday Kemaman was the best location for the proposed petroleum supply base when compared to other ports in the state. Replying to a question by Encik Abdul Rashid
    145 words
  • Article
    Belgian blanket plant may be located in Malaysia
    256 11 KUALA LUMPUR, Mon. A major Belgian textile manufacturing company, reputed to be Europe's largest producer of blankets, Is considering the feasibility of producing blankets here. Mr. Walter Spoelders, sales manager of the company Manta said today his "company had recently notified the
    256 words
  • Article
    Lock icon Fukuda calls for reforms to win votes
    340 11 UPI TOKYO, Mon. Prime Minister T&keo Fukuda today called for drastic reforms In his ruling Liberal Democratic Party (LDP) to regain the people's confidence in order to win the House elections In Speaking in a one-day extraordinary convention of the Conservative Party, Mr.
    UPI  -  340 words
  • Article
    Lock icon Tokyo exporters well hedged
    336 11 Reuter TOKYO, Mon. Japanese export Industries have successfully covered themselves against the appreciation of the yen In recent months, but some will suffer seriously If the present high level of the yen continues for long, Ministry of International Trade and Industry officials saldy They said a
    Reuter  -  336 words
  • Article
    Lock icon More jobs in Japan
    97 11 Reuter TOKYO, Mon. Japan's seasonally adjusted ratio of Job offers to Job seekers rose to 0.62 in March from 0.60 In February but fell from 0.64 In March last year, the Labour Ministry said. The Ministry said Job seekers, including employed persons wishing to change Jobs
    Reuter  -  97 words
  • Article
    AAS members drop
    145 11 THE escalating cost of car ownership In the Republic was yesterday blamed for the decline in the Automobile Association of Singapore's (AAS) membership last year.. Speaking at the annual general meeting, Mr Milton Tan, chairman of the AAS, said that there was a net loss of 2,044
    145 words
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      Page 11 Advertisements Column 1
      328 11 NOTICES TENDER NOTICE Tenders are invited for the supply and delivery of the following to the Stogapore Institute of Standards and Industrial Research (SISIR): I An automatic welching and bag filling machine II An automatic thermal PE bag sealing machine Tender documents are available from SISIR 2nd floor, 179 River
      328 words
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      Page 11 Advertisements Column 2
      153 11 APPOINTMENT NTUC INCOME Invites applications from qualified candidates for the position of:ACCOUNTANT/TREASURER Responsibilities: Reporting directly to the General Manager, the selected candidate would be responsible for all accounting functions of the Society and for supervising the work of supporting staff in the Life and General Insurance Accounting departments. Qualifications: a
      153 words
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  • Article
    Lock icon 'Winefood has nothing to do with the bank's affairs'
    499 12 FT ROME, Mon. The Milanbased International wine and food company. Winefood, which was reported to be Involved In the Credit Suisse affair, officially told the Financial Times recently that Its operations had "nothing whatsoever to do with the alleged financial speculations
    FT  -  499 words
  • Article
    Lock icon Hay's Wharf board resists bid
    291 12 FT LONDON, Mon. Ocean Transport and Trading, the Liverpool-based shipowning group is making a £22.2 million (5593.2 million) bid for Proprietors of Hay's Wharf, in which the Kuwait Investment Office has a 34.5 per cent holding, in the face of strong opposition by the board
    FT  -  291 words
  • Article
    LONDON STOCKS
    767 12 LONDON. Mon. The stock market lacked interest due to uncertainty over the Government's future pay policy. The Ekofisk oil well blow-out also affected sentiment, particularly oils, dealers said. At 3.00 pm. the Financial Times Index was down three points at 419.3. Pelrofina led oils lower at 101-1/8 against
    767 words
  • Article
    Lock icon Chiasso loss: What Suisse probe reveals
    266 12 Reuter ZURICH, Mon. Credit Suisse said that its inquiries show that the probable losses at its Chiasso branch follow misdirection of customer funds to Texon-Finanzanstalt of Vaduz, Liechtenstein. The bank said in a statement that it still cannot put an exact figure on the
    Reuter  -  266 words
  • Article
    Association denies boycott on firms
    284 12 THE Singapore Provision Shops Friendly Association is not boycotting any local company for unfair treatment in the supply of goods to its members. Clarifying a report by New Nation that the association has boycotted two companies, Its chairman, Mr. Wee Boon Chye, said the association
    284 words
  • Article
    PORT KLANG LAND FOR DEVELOPMENT
    254 12 PORT KLANG, Mon. The chairman of Port Klang Authority,' Datuk Syed Mahadzar bin Syed Hussein said today that about 770 hectares of land here are expected to be developed Into commercial, industrial and residential areas. He said the authority and Selangor state government are working
    254 words
  • Article
    Lock icon Saudi oil production is nearly on target
    314 12 AP NICOSIA, Mon. Saudi Arabia appears to be moving steadily closer to Its target of pumping 10 million barrels of crude oil a day, the Middle East Economic Survey reported today. It said exports of crude oil handled by the ArabianAmerican oil company,
    AP  -  314 words
  • Article
    MOUNTING LOSSES AT CHRYSLER
    112 12 LONDON, Mon. Losses at Chrysler UK have continued to mount, with the company yesterday reporting a higher operating loss of £32.71 million in 1976 against a deficit of £25.15 million last time. Turnover was reduced from £351.11 million to L 331.58 million. Net loss amounted to
    112 words
  • Article
    Air talks with US to resume soon
    231 12 SINGAPORE is expected to resume air talks with the US Civil Aeronautics Board (CAB) in Washington towards the end of next month or early In June. Sources close to the US Embassy In Singapore said this yesterday in response to inquiries about the
    231 words
  • Article
    Flying Tiger seeks landing rights here
    320 12 AN American cargo carrier, the Flying Tiger Line, is currently negotiating with aviation authorities here for landing rights In the near future. Miss Joan Zimmerman, an accounts executive with the airline and the current Miss World Trade-Asia 1977, said this yesterday at an interview
    320 words
  • Article
    OCBC PUTS ONE MORE 'ON LINE'
    256 12 SINGAPORE'B largest domestic bank, the Over-sea-Chinese Banking Corporation, will spon be able to offer a fully computerised on-line retail banking service to Its customers when It adds current accounts to Its list of computerised services later this year. This latest innovation will also make
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    Lock icon Genscher begins talks with Jakarta leaders
    422 12 Reuter JAKARTA, Mon. West German Foreign Minister Hans-Dletrlch Oenscher began a two-day series of talks with Indonesian cabinet members here tonight aimed at Intensifying economic and political cooperation between the two countries. The emphasis of the discussions is on economic Issues, according to Informed
    Reuter  -  422 words
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    Lock icon Teams to study steel market
    112 12 Reuter TOKYO, Mon. The Japan Steel Exporters Association said It plans to dispatch two study groups to South-east Asian countries, including Singapore, early next month to assess a short-range (six months to one year) steel demand in the area with the object of maintaining orderly
    Reuter  -  112 words
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    I didn't make up $1.3m claim, court is told
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    Lock icon Raja: Help prevent S-E Asia from falling to the Reds
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    Reuter  -  334 words
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    Peacock concludes informal visit
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