The Business Times, 27 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 WEDNESDAY, APRIL 27, 1977 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon 13 firms pull out
      45 1 Reuter JAKARTA, Tues. Thirteen foreign companies with projects involving US$46 million (Ssll3 million) have withdrawn from Indonesia because of high production costs, official sources said, adding the investors were from the US. Holland, Japan. Singapore, Hongkong, Australia, France and Norway. Reuter.
      Reuter  -  45 words
    • Article
      Lock icon Blowout killers wait
      53 1 AP STAVANGER, Tues. The team of American "blowout killers" seeking to cap a runaway oil well in the North Sea today decided to postpone the operation one more day in order to lift more equipment onto the rig. Plans to cap the well were postponed yesterday by
      AP  -  53 words
    • Article
      Lock icon Jenkins advises EEC
      48 1 AP BRUSSELS, Tues. President Roy Jenkins of the Europear. mmon Market's executive commission said today the nine members of the economic bloc should be careful In taking measures to protect their textile Industry and not to erect barriers which would hurt the poorer countries. AP.
      AP  -  48 words
    • Article
      Lock icon Orders exceed goal
      64 1 Reuter TOKYO, Tues. Japan received shipbuilding orders from overseas owners for 481 ships totalling 6.31 million gross tons in the 1976 fiscal year ending last March, or far above Japan's ship export goal of five million gross tons, the Japan Ship Exporters Association said today. The figures
      Reuter  -  64 words
    • Article
      Lock icon More jobless Britons
      37 1 AP LONDON, Tues. The number of Britons out of work rose to 1.39 million this month, 5.9 per cent of the work force, after registering a fall In March, the Government reported today. AP
      AP  -  37 words
    • Article
      Lock icon Owen ends visit
      42 1 UPI CAIRO, Tues. British Foreign Secretary David* Owen wound up a two-day visit to Egypt today, declaring Arab-Israeli peace talks were possible this year and a transition to Black majority rule in Rhodesia could be achieved in 1978. UPI
      UPI  -  42 words
    • Article
      Buying Thai maize
      83 1 A JOINT venture enterprise between the Primary Industries Enterprises (PIE) of Singapore and the Marketing Organisation of Farmers of Thailand has concluded its first agreement under which Singapore will Import 60,000 tonnes of maize this year from Thailand. This will subsequently be increased to 300,000 tonnes annually
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    • Article
      Lock icon Dow Jones
      76 1 UPI NEW YORK, Tues. Blue-chip stocks showed early strength after three days of sharp setbacks as the stock market struggled for direction in moderately active trading of New York Stock Exchange issues. The Dow Jones industrial average, which fell to a 15-month low yesterday following a 12.47point loss,
      UPI  -  76 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      179 1 APART from Central Sugars, the Stock Exchange of Singapore was generally quiet and easier yesterday. Central Sugars continued its strong runup, with a gain of six cents. Another counter to move against the trend was Ben which rose four cents. Reflecting the generally easier trend, the Business
      179 words
    • Article
      In Kuala Lumpur
      109 1 Falls Most active Inchcape 2.15 -.11 Central Sugars 708.000 Haw Par 119.000 O.C.B.C. 6.60 -.10 General Lumber 71.000 M. Flour I'.O.B. WearnM 2 64 2.97 2.73 -.07 -.07 06 K.L. Kepong 53.000 Total Turnover: 1.51M Total Value MS2 50M (Mlinfi 3.34 -.04 Pan Elect. 1 82 -.04
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  • Article, Illustration
    Protectionism our yards' biggest threat
    1098 1  -  ROCKY YEARS AHEAD DESPITE REVENUE JUMP By TERESA LIM SINGAPORE'S shipbuilding and repairing industry has made a surprisingly creditable 28 per cent Jump in total revenue to $1,250 million, over 1975, despite the generally adverse market conditions worldwide. But the years ahead will be rocky
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  • Article
    Lock icon Credit Suisse gets $3 bil help offer
    464 1 AP ZURICH. Tues. Switzerland's three leading banks have offered a three-billion-franc (Ss3 billion) credit to Credit -Suisse in case its losses due to unauthorised loans affect the stock exchange and money markets. Credit Suisse suffered a possible loss of 250 million Swiss francs
    AP  -  464 words
  • Article
    HPL SHARES: BIG SNAP-UP ATSES
    402 1 HAW Par (London)'s convertible redeemable guaranteed preference shares have suddenly become the hottest investment on the Stock Exchange of Singapore. Ever since Haw Par Brothers International Ltd announced on March 18 that It would be acquiring the shares for 14.44 pence (equivalent to 61 cents)
    402 words
  • Article
    Lock icon Dialogue between rich, poor nations resumes
    336 1 Reuter PARIS. Tues. The longstalled North-South dialogue on sharing the world's wealth more fairly between rich and poor nations resumed here today with delegates hoping to break their deadlock withing the next three weeks. Delegates to the 27member economic talks, including Western industrialised powers,
    Reuter  -  336 words
  • Article
    SLATER: COURT SAYS 'NO' TO STORE
    107 1 LONDON, Tues. Three appeal court Judges today dismissed Singapore's exparte application for leave for orders of certiorari and mandamus to quash a magistrate's refusal to order Jim Slater's extradition to Singapore to face criminal charges. Lord Justice Shaw, who delivered the Judgment at the
    107 words
  • Article
    Our flower power puts EEC on the defensive
    305 1 ORCHIDS from Singapore are giving stiff competition to the tulipa of Amsterdam, and as a result an application has been filed with the European Economic Commission to place our flower exports under a special category. It is believed that the Netherlands and
    305 words
  • Article
    STP earnings double at half-time
    397 1 THE board of Straits Times Press (1975) yesterday announced that profits for the first half year were more than qpubie those of the first six months last time, and some $60,000 more than the full year figure for *****6. The net unaudited results for the
    397 words
  • Article
    Lock icon Jakarta perk for oil firms
    233 1 Reuter JAKARTA, Tues. The Indonesian Government has decided to give a 20 per cent capital incentive to foreign oil companies operating here in a bid to step up oil exploration, a spokesman of the state-owned Pertamlna oil company said today. Pertamina manager Piet Harjono discussed
    Reuter  -  233 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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      Page 1 Advertisements Column 2
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      Page 1 Advertisements Column 3
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  • OVERSEAS
    • Article
      Lock icon REPUBLICANS HIT OUT AT ENERGY PLAN
      624 2 Reuter WASHINGTON, Tues. President Carter's energy plan came under open fire yesterday from opposition Republican leaders who warned it could lead to recession and by 1985 would cost Americans US$7O billion (SSI7S billion) a year. The Party's leaders held a closed-door meeting on the
      Reuter  -  624 words
    • Article
      Lock icon TUC chief confident of any curbs deal
      131 2 Reuter NEW YORK. Tues. Len Murray, general secretary of Britain's Trades Union Congress expressed confidence in a magazine interview that there would be some agreement with the Labour government on pay rise curbs to follow the current Social Contract which ends on July
      Reuter  -  131 words
    • Article
      Lock icon Barre puts rescue plan to the House
      371 2 UPI PARIS, Tues. Prime Minister Raymond Barre presents a 12-month economic rescue plan to parliament today, with labour unrest widespread and cracks showing In the ruling coalition. Mr. Barre, who is also Finance Minister, will also seek a vote of confidence which he
      UPI  -  371 words
    • Article
      Lock icon Eight oil states to chalk up $130b surplus
      207 2 Reuter NEW YORK. Tues. The •even Arab oil-exporting nations and Iran together will have an estimated trade surplus of US$52 billion (SSI3O billion) this year, up less than two per cent from last year's surplus, according to a report in Mid-East Markets.
      Reuter  -  207 words
    • Article
      Lock icon No change in envoy's nomination
      86 2 Reuter WASHINGTON, Tues. President Carter announced yesterday he intends to retain Mr. Malcolm Toon, an acknowledged Soviet affairs specialist, as the nominee for ambassador In Moscow. The President formally nominated Mr. Toon In a message to the Senate which confirms a decision made by former
      Reuter  -  86 words
    • Article, Illustration
      Lock icon World on threshold of protectionism
      1708 2 REPRISAL FEAR A MODERATING INFLUENCE Economist LONDON: There Is a strong whiff of protectionism in the air, and the ground is increasingly littered with tariff and non-tariff barriers. A grim number of countries now want to check imports in order to protect domestic industry and
      Economist; Source: IF3 OECD; Source: GATT IFS  -  1,708 words
    • Article
      DANGER OF TRADE WAR BREAKING OUT IS VERY REAL
      443 2 short term, that protects firms and saves Jobs, but It keeps prices high for consumers and does little for growth. Oatt allows moves on specific products (see chart 3) too, If It can be proved that the domestic industry Is suffering
      443 words
    • Article
      Barclays Bank blacklisted by UAE
      230 3 DUBAI, Mon. The United Arab Emirates Currency Board has asked several banks operating here to take over assets and liabilities of Britain's Barclays Bank, the board announced yesterday. The move was In line with a decision by the Arab boycott official to blacklist Barclays for
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    • Article
      Lock icon PNL to get ship loan
      60 3 Reuter MANILA. Tues. Norway will give the state-owned Philippine National Lines (PNL) a US$l54 million (***** million) loan next month to buy ships, informed sources said today. They said $126 million would be used to buy container ships from five Norwegian shipbuilders while the remainder
      Reuter  -  60 words
    • Article, Illustration
      Lock icon US economy will expand at 7 pc says Citibank chief
      817 3 NEW YORK, Tuesday Reuter MR. WALTER Wriston, the influential chairman of Citibank, believes the United States economy will expand at an "astonishing" rate of seven per cent or more In the second quarter of this year. It expanded at a
      Reuter  -  817 words
    • Article
      Lock icon Shell UK increases fuel prices
      145 3 Reuter LONDON, Tues. Shell UK Ltd said it is raising fuel prices by up to nine per cent from today. The wholesale price of best petrol, before duty and value added tax, will be Increased to 39.06 pence from 35.96 pence a gallon and other
      Reuter  -  145 words
    • Article
      Lock icon Two German banks sign credit pact with Russia
      164 3 Reuter FRANKFURT, Tues. Dresdner Bank and Westdeutsche Landesbank Girozentale signed a 2.5 billion mark framework credit agreement with the Soviet Union to finance German chemical plant sales to the USSR, sources close to the negotiations said. The 2.5 billion marks represents a
      Reuter  -  164 words
    • Article
      Lock icon Cut workforce call
      82 3 Reuter HAMBURG, Tues. The West German shipbuilding industry will have to cut Its workforce by 10,000 in the next few years, Shipbuilding Association chairman Werner Bartels said. The industry's 70,000 labour force will shrink by 4,000 this year through natural wantage, he said in the association's annual
      Reuter  -  82 words
    • Article
      Lock icon HIGHER GOLD PRICE FORECAST
      122 3 Reuter JOHANNESBURG, Tues. The gold price should move up slowly over the coming year due to strong Industrial demand continuing from last year, Anglo American Corp of South Africa Ltd directors said In the annual report. Though there Is still uncertainty as to how much of
      Reuter  -  122 words
    • Article
      Lock icon NEW YORK CITY IN DANGER OF LOSING FINANCE INDUSTRY
      267 3 Reuter NEW YORK. Tues. New York City it in danger of losing it* most vital industry finance unlets it takes preventive steps to keep it, Citibank said in a report issued yesterday. The bank said new technology affecting the financial industry
      Reuter  -  267 words
    • Article
      Lock icon America will contribute to new IMF fund if...
      586 3 WASHINGTON, Tuesday AP Reuter THE United States will contribute "on a significant scale" to a new International fund to help financially troubled nations but only if oil-expo-' t nations and other wea. 'intries also contrlb top United States c u said yesterday.
      AP; Reuter  -  586 words
    • Article
      Lock icon FNBC rate
      30 3 Reuter CHICAGO, Tues. The First National Bank of Chicago said it is maintaining its prime rate at 6 1/4 per cent for the balance of the week. Reuter.
      Reuter  -  30 words
    • Article
      Lock icon Italy and Portugal get green light for loans
      322 3 Reuter WASHINGTON, Tues. The International Monetary Fund haa, approved standby credits for Portugal and Italy totalling 42.4 million and 4SO million special drawing rights respectively. The IMF said to finance the Italian borrowing it will borrow the equivalent of U*****.5 million SDRs
      Reuter  -  322 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      305 2 SINGAPORE in this issue we feature: MANUFACTURING Maki» e Ion}; waves: How long will Singapore's technological development and economic growth continue? What lies ahead? I R \DE Putting the Carter before the horse: Will the US President succeed in stimulating the world economy? How will that affect Singapore's trade with
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      65 2 WEATHER report for 24 hour* prior to 7.30 p.m. on April 26 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 BliStdW':PnuiJLDictenS VI fNjROY— > uwpnexd? U*ON(3® fleam/. mgs rtjßcry/} Ho6oow
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
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  • COMPANY NEWS
    • Article
      Conplant now holds 61pc of Patani's issued, capital
      209 4 CONSOLIDATED Plantitions has announced that, together with acceptances received for Its offer for Patanl Para Rubbers (1932), It now holds 61.3 per cent of the Issued capltalof Patanl. The offer has therefore been declared unconditional. The offer terms are for every three
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    • COMPANY MEETINGS
    • Article
      DIVIDENDS ANNOUNCED
      617 4 Current Ez Date Total for Total for payment Date payable the year previous year Aver Hitam Tin 208.33%I Marl6 Apr 27 208.33%I Riverview Rubber 5%I Apr 11 Apr 27 5%I 16%a Bedford Plantations 22% Apr 13 Apr 29 22% 20% O.K. Life 20% Apr 14 Apr 29 29%
      617 words
    • Article, Illustration
      DUNLOP ESTATES FORECASTS ANOTHER STRONG YEAR
      1056 4 DUNLOP Estates expects current year profit to be "at least Just as good as those of 1976" when it achieved a strong recovery, with profit more than doubled to M 513.14 million. The 1976 profit Jump from $6.39 million previously was achieved on the
      1,056 words
    • Article
      Bank Buroh revamps management
      793 4 KUALA LUMPUR, Tues. After a year and a half of operations. Bank Buroh's management was revamped to Include a professional manager at the top level. Mr. M. Murugappan from the United Asian Bank and formerly from Bank Negara assumed the position of acting general manager from
      793 words
    • Article
      Chersonese raises profit by 50pc
      309 4 CHERSONESE (FMS) Estates, a member of the Thomas Barlow Plantation group, has turned In a near 50 per cent rise In pretax profit to £743,515 for the year ended Dec 31, 1976, thanks to the buoyant rubber and cocoa markets. Profit from rubber rose nearly
      309 words
    • Article
      CHICAGO BOARD OPTIONS
      1259 4 On April 25 TRADING in options on the Chicago Board Options Exchange came to 105,402 contracts on Monday, compared with 113,117 contracts last Friday. OPTION JLY OCT JAN STOCK Alcoa SO 6 3/4 7 5/8 8 56 7/8 Alcoa 60 5/8 1 5/8 2 3/8 58 7/8
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    • Article
      Lock icon IBM expects to begin anti-trust suit in autumn
      384 4 Reuter AP NEW YORK. Tues.-Inter-national Business Machines said it expects to begin defence of the two-year old antitrust suit of the Justice Department sometime in the autumn. Mr. Frank T. Cary, IBM chairman, told shareholders at the annual meeting the Justice Department
      Reuter; AP  -  384 words
    • Article
      Lock icon Shell
      115 4 AP NEW YORK. Tues. Shell Oil Co. said today that the past winter's harsh weather and higher exploration costs drove profit down 18.4 per cent In the first quarter. Shell's announcement follows Exxon's report yesterday that profit dipped 11.6 per cent in the quarter. Shell said It earned US$l69
      AP  -  115 words
    • Article
      Lock icon Arbed faces considerable loss
      110 4 Reuter LUXEMBOURG, Tues. Acieries Reunles de Burbaco Elch Dudelane (Arbed) faces a considerable net loss in 1977, after losses in the first quarter, If the current crisis in the steel industry continues, chairman Mr. Emmanuel Tesch told the annual meeting. Mr. Tesch said first 1977 quarter
      Reuter  -  110 words
    • Article
      Lock icon 'Pleased' with estimates
      92 4 Reuter ATLANTA, Tues.—Nabisco chairman Mr. Robert M. Schaeberle Is happy with analysts* estimates of 1977 earnings between USS 5.10 and $5.50 ($4.82) a share, he told Reuter before the annual meeting. In the first quarter of 1977 Nabisco net rose 11 per cent to $18.4 million. The
      Reuter  -  92 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      195 4 Have you got your copy of (Ik 1 1905^77 BUKUMERAH? The complete filing cabinet on the Singapore business scene ALPHABETICAL INDEX CLASSIFIED TRADE OFFICIALS AND PUBLIC BODIES INFORMATION o W i Sff directory or SINGAPORE iil WAS6B It's the 1976/77 "Red Book" the office/library reference book covering the business scene
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Profit rise at Union Oil of California
      213 5 Reuter LOS ANGELES, Tues. First quarter net profit at Union Oil of California rose to U5570.73 million from $65.83 million despite a fall in revenue to $1.43 billion from $1.46 billion. Earnings per share, however, fell to $1.85 from $1.91, because of the
      Reuter  -  213 words
    • Article
      Lock icon PPG stock split proposal
      175 5 Reuter PITTSBURG, Tues. PPG said directors proposed a three-for-two stock split and increased the quarterly dividend to 60 US cents a share from 55 cents. PPG said a special meeting will be held June 13 for shareholders to approve the proposed stock split which would increase
      Reuter  -  175 words
    • Article
      Lock icon Alcoa sees strong demand
      115 5 Reuter PITTSBURGH, Tues. Aluminium Co of America chairman Mr. W.H. Krome George, said demand in nearly all aluminium markets in first quarter 1977 was the strongest in over two years. Shipments were 22 per cent ahead of a year ago and prices formost products higher. Alcoa
      Reuter  -  115 words
    • Article
      Lock icon C. Illinois
      61 5 Reuter CHICAGO. Tues. Continental Illinois said stockholders at the annual meeting approved a two-for-one stock split. The company noted this doubles the number of authorised shares of common stock to 80 million and the par value of each share to US$lO. The split will become effective on May
      Reuter  -  61 words
    • Article
      Lock icon Setback at Exxon
      241 5 Reuter NEW YORK. Tues. A severe setback in its US refining and marketing operations caused first quarter net profit at Exxon to decline to US$645 million from $730 million despite higher revenue of $14.29 billion ($13.08 billion). Consequently earnings per share fell to $1.44 from $1.63. Exxon
      Reuter  -  241 words
    • Article
      Lock icon Ranger Oil
      63 5 Reuter LONDON, Tues. Ranger Oil (Canada) said It has started drilling on block 63/8 in the fastnet offshore area, some 270 km southwest of Cork, Ireland. Participants In the licence are Ranger Oil (Ireland) 28.33 percent, Hudbay OH (Ireland) 15 per cent, Petroswede (Ireland) 17 per cent, European
      Reuter  -  63 words
    • Article
      Lock icon Standard Indiana earnings up
      299 5 Reuter CHICAGO, Tues. Standard Oil (Indiana) said its first quarter net earnings rose to U*****.2 million from $212.3 million despite the negative Impact of its inability to fully recover higher costs of imported crude oil, significantly higher expenses due to the severe winter weather and lower
      Reuter  -  299 words
    • Briefly
      • Article
        Crown corps
        47 5 OTTAWA, Tues. Treasury Board president Mr. Robert Andras said he will present Parliament shortly with legislation to tighten crown corporations. Mr. Andras told the House of Commons the legislation will attempt to ensure the financial probity of. crown corporation operations. He gave no further details.
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      • Article
        Escom
        81 5 JOHANNESBURG, Tues. Applications of up to 60 million rand are expected for the 40 million rand Electricity supply commission issue, a spokesman for loan managers Central Merchant Bank told Reuters. Permission to accept this amount has been received, he added. Lists opened yesterday and by midday about 28 million
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      • Article
        Lock icon Reed Int'l
        39 5 Reuter LONDON, Tues. Reed International's 10-year nine per cent eurobond has been raised to US$4O million from $30 million due to strong demand, lead manager S.G. Warburg said as lead manager. Pricing is due this Thursday. Reuter.
        Reuter  -  39 words
      • Article
        Mees
        30 5 AMSTERDAM. Tues. Bank Mees En Hope said Its 7*4 per cent five year Euroguilder note issue at par was fully subscribed to the maximum amount of 75 million guilders.
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      • Article
        CGMF
        54 5 PARIS. Tues. Cle Generate Maritime et Financiere Is raising US$5O million In seven year notes with a coupon V* point above London interbank offered rates and a minimum of 6Mi per cent, lead manager Banque de L'Unlon Europeenne said. A sinking fund beginning in 1982 will reduce the average
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      • Article
        RTZ
        92 5 LONDON, Tues. RloTinto Zinc said its application for exemption from UK dividend control has been granted by the UK Treasury. The company said, as proposed, it now recommends a final ordinary dividend for 1976 of 4.82 per share instead of 2.78 pence as previously recommended, making eight pence for
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      • Article
        Sumitomo
        36 5 TOKYO. Tues. Sumitomo Metal Industries said it raised domestic prices of eight major steel items by an average 10 per cent from June and July deliveries. This follows Kawasaki Steel's 9.8 per cent price Increase.
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      • Article
        Malmo
        31 5 BERNE, Tues. The City of Malmo 70 million franc 5% per cent 15-year loan was oversubscribed at Its issue price of 99.5 per cent, Bank Von Ernst Und Cle said.
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    • Article
      Lock icon Occidental Petroleum buoyant
      137 5 Reuter NEW YORK, Tues. Occidental Petroleum has enjoyed a buoyant first quarter, with net profit rising to U5533.3 million from $20.4 million on sales of $1.46 billion ($l.l billion). Earnings per share rose to 45 cents from 24 cents. Occidental said it expects 1977 earnings to be
      Reuter  -  137 words
    • Article
      Lock icon Corco to receive aid
      141 5 Reuter SAN ANTONIA, Texas. Tues. Commonwealth Oil Relining said the Government of Puerto Rico and the Puerto Rico Water Resources Authority agreed to make available substantial aid that would provide additional cash to the company. The company said the aid Is conditional on the company's ability
      Reuter  -  141 words
    • Article
      Gillette
      38 5 NEW YORK, Tues. First quarter net profit at Gillette rose to U5525.07 million from $23.87 million on sales up to $387.5 million from $361 million. Earnings per share rose to 83 cents from 79 cents last time.
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    • Article
      Reyrolle Parsons higher
      391 5 LONDON, Tues. Manufacturers of equipment for the generation, transmission, distribution and utilisation of electricity Reyrolle Parsons lifted group turnover from £127.44 million to £162.65 million In 1976 and pre-tax profit was more than doubled from £7 million to £15.78 million after £5.52 million against £3.27 million, for
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    • Article
      Lock icon S.S. Kresge at its peak
      665 5 ANALYSTS' VIEWS NYT NEW YORK, Tues. With S.S. Kresge shares hovering near their 1977 low, do small Investors have a rare chance to buy one of the top favourites of Institutional investors cheao? There was considerable discussion of this question in Wall Street last week
      NYT  -  665 words
    • Article
      Wilmot-Breeden soars
      313 5 LONDON, Tues. Reflecting an Increase in demand for motor components In the UK, another good performance by the French company and higher profit In the hydraulic and engineering companies, taxable profit of Wllmot-Breeden (Holdings) surged 120 per cent from £2.82 million to £6.21 million In 1976. At midway
      313 words
    • Article
      Lock icon Singer foresees good gains
      185 5 Reuter NEW YORK, Tues. Singer chairman Mr. Joseph Flavin expects the firm to record significant profit gains over 1976 wher it had net earnings per share of US$3.9B a share. Sales In 1976 totalled $2.13 billion. singer said it had a first quarter revenue gain from
      Reuter  -  185 words
    • Article
      Saudi Arabian award
      95 5 LONDON,, Tues. Saudi Arabia has awarded a £70 million contract for a turnkey water treatment project to Ames Crosta Babcock, a merger company of Babcock and Wilcox of London and Ames Crosta. The contract covers the entire civil, mechanical and electrical work including a diesel power generating
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    • Article
      Lock icon Manufacturers Hanover outlook bright
      146 5 Reuter NEW YORK, Tues. Earnings of Manufacturers Hanover Corp In 1977 will be "the best In our history", chairman Mr. Gabriel Hauge told Reuter after the annual meeting. In 1976, the company's last record year. Manufacturers Hanover earned US$4.B2 a share with net Interest income of
      Reuter  -  146 words
    • Article
      Lock icon Merck sells Calgon
      127 5 Reuter RAHWAY, NJ, Tues. Merck said it signed a final contract for the sale of Its Calgon consumer product business to Beecham for about US$Bl million. Merck said the anticipated gain on the sale of Calgon will be recognised in its financial results for the second quarter.
      Reuter  -  127 words
    • Article
      Lock icon S & L stocks—Buy or sell?
      769 5  - S L stocks—Buy or sell? By ROBERT METZ NYT ARE the California savings and loan stocks a buy or a sell? The most recent analyses of the Industry from Wall Street offer opposing views. One report, published earlier this month, finds the group to be undervalued even after a 55
      NYT  -  769 words
    • Article
      Lock icon First quarter rise at Arco
      166 5 Reuter LOS ANGELES, Tues. First quarter net profit at Atlantic Richfield (Arco) rose to U*****.25 million from $133.68 million, giving earnings per share of $1.20 against $1.18 previously. The profit Increase was achieved on a sales rise to $2.4 billion from $2.1 billion. LOS ANGELES,
      Reuter  -  166 words
    • Article
      Lock icon Cominco expansion plans
      144 5 Reuter VANCOUVER, Tues. Cominco said it will spend C 5425 million over eight years to expand and modernise its lead-zinc refinery at Trial, BC. and the Sullivan mine at Klmberley, BC. Mr. F.E. Burnet, chairman, told the annual meeting the expansion will increase annual capacity of the
      Reuter  -  144 words
    • Article
      Lock icon American Express
      68 5 Reuter NEW YORK. Tucs. American Express chairman Mr Howard L. Clark said he expects the company's earnings In each quarter of 197*7 and for the full year to exceed those of last year. But Mr. Clark, speaking to reporters after the annual meeting, declined to comment on whether
      Reuter  -  68 words
    • Article
      Lock icon Profit jump at American Motors
      183 5 AP DETROIT. Tues. American Motors said Its profit In the first three months of 1977 more than doubled from the same 1976 period to USS2.S million despite a worsening sales slump. The smallest of the US car producers said dollar sales In the January-March period
      AP  -  183 words
    • Article
      Lock icon Canon expects better results
      203 5 Reuter TOKYO. Tues. Canon forecasts a 12 per cent gain in net consolidated income for 1977 to about seven billion yen. a company spokesman said. Sales will rise 18 per cent to about 180 billion yen from the year-ago level, he said. The company foresees good
      Reuter  -  203 words
    • Article
      Lock icon Texas Instruments optimistic
      161 5 Reuter DALLAS, Tues. Texas Instruments president. Mr. J. Fred Bucy said 1977 promises to be another good year for the company. Mr. Bucy told the annual meeting markets for all major segments of its business should be stronger than in 1976. He made no specific predictions. He
      Reuter  -  161 words
    • Article
      Rorento's portfolio change
      93 5 AMSTERDAM, Tues. Rorento, a Dutch company which invests only in fixed interest securities for maximum return on investment, has announced in its annual report that from the end of last year, its portfolio had been shifted from US dollar and Deutschmark bonds towards British and Dutch bonds.
      93 words
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      274 5 THE STRAITS TIMES PRESS (1975) LIMITED (Incorporated In Singapore) Half Yearly Report and Dividend Announcement The Board of Directors of The Straits Times Press (1975) Limited announces the following net February 1977 U tS f F the half year t0 28th Turnover 18,542,000 16,820,000 Profits before taxation 2,566,000 1,120,000 NOTICE
      274 words
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  • Article
    Share Information Service
    2103 6 irrr Gr'( Gr'» Nat Last div Div y'ld P/E Vol Day High Low Company Sale +or- C'VT eooo) Hick Low SECTION ONE INDUSTRIALS 146 136 Acma 144 12.ON 1.1 8.3 7.2 133 127 Acma A 129 -1 12.ON 1.1 9.3 6.5 2 129 129 204 204 Alcom
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  • Article
    Transactions in Singapore
    1157 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of SlnaaDore vesterdav with the number of shares traded shown in brackets In lots of 1000 units unless othcfwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board
    1,157 words
  • Article
    In Kuala Lumpur
    1201 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 Industrial! AJincmata (1»8B 2 006) <4> 2.00. CD. Atcam (1 878» A.
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  • Article
    Stock options
    92 6 STRIKING price* of the stock option* officially listed on the Stock Eichange of Singapore, the period#, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. D.B.S. (Dec $3.60): (0.328). Inchcape (June 52.40) (0.028 0.045) (5) 0 04. (11) 0 03.
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  • Article
    Unit trusts
    148 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' pries* for Apr 27) (Current pricei I) The Commerce I .a# 1.78 INCOME BOND ..1.04 1.10 The Saving Fund .O.N 0.91 S pore Prof Fund 0.77 S pore Security Fund 1 44 0 82 MARA BUMIPUTRA FUND. (Manager*' price* for Apr
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  • Article
    Corporate bonds
    162 6 B O T 8 1/2% 1981 (100.000) (1038 103HS) D B S 8 1/2% 1982 (100,000) (100AB 100%S) DBS Converts 6 1/2% 1991 (100.000) (97A8 98 AS) E I B 9% 1982 (100,000) (103VtB 104' AS) E I B 8 1/4% 1983 (100,000) (100HB 101VUS) 1 B J
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  • Article
    Domestic govt bonds
    116 6 5 1/2% 1/4/78 (250,000) (101.488 101.53S >(2)101.52(5)101.51 5 1/2% 1/4/78(621,900K 1)101.50 5 1/2% 15/4/78 (250,000) (101.458 101.635) 5 1/4% 15/7/78 (250,000) (101 488 101.555) 4 3/4% 1/5/79 (250,000) (100.838 100.70S) 7% 1/7/79 250,000) (104.658) 5 1/4% 15/10/79 (250,000) (101 50 B 101.655) 6 3/4% 15/6/80 (250,000) (103
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      395 6 THE GREAT BOOKS of the Here in beautiful, durable bindings Is the whole record of the fundamental ideas of mankind science, history, psychology, mathematics, theology, literature and poetry. This magnificent library provides the whole family with an Inexhaustible fund of entertainment and a prime source of selfImprovement. The Great Books
      395 words
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  • Article
    Spotlight on C. Sugars
    495 7 CENTRAL Sugars came on ■trongly to finish near the day's high in a generally quiet and easier Stock Exchange of Singapore yesterday. For the past fortnight or so this counter had been sought consistently both on speculative support and snort-covering. It would appear that a squeeze
    495 words
  • Article
    Trading in KL ends easier
    430 7 CENTRAL Sugars continued to highlight trading In an otherwise quiet and easier Kuala Lumpur Stock Exchange yesterday. The share, forged further ahead to a hieh of 11.74 yesterday before light profit-taking at the close caused the price to ease to $1.71. On balance It gained
    430 words
  • Article
    Lock icon Woodside – Burmah raises A$48 mil
    169 7 Woodside Burmah raises A$48 mil Reuter MELBOURNE, Tues. Woodside-Burmah Oil said It will raise AS4B million through a one-for-three rights issue of nominal 50 cent shares at 80 cents. Company chairman J.G. Donaldson told the annual meeting It will issue 60 million shares to shareholders registered May 18, raising Issued
    Reuter  -  169 words
  • WALL STREET AND OTHERS OVERSEAS MARKETS
    • Article
      New York
      1159 7 NEW YORK: Institutional selling on Monday led the stock market Into Its third straight decline In fairly active trading. Analysts said Investors apparently are worried about the uncertain outlook for future energy sources In the aftermath of President Carter's energy policy proposed to Congress last week. Fears of
      1,159 words
    • Article
      Tokyo
      495 7 TOKYO: Prices eased on Tuesday throughout the day on liquidations In export-oriented blue chips In line with the sharp fall on Wall Street overnight, dealers said. The Dow Jones averages fell 10.00 to close at 5.092.90 with volume 100 million shares The new Index closed at 379.46. down 0.69.
      495 words
    • Article
      Sydney
      402 7 SYDNEY: Energy stocks were firm in an otherwise little changed market on Tuesday, in fairly quiet trading: dealers said PancontinenUl rose 40 cents to $12.20 and Queenaland Minea 13 cents to $2.15, while Audimco and Thieaa gained 10 cents each to $1.25 ana $1.80 respectively. Elsewhere among minings. North
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    • Article
      Amsterdam
      300 7 AMSTERDAM: Shares advanced over a broad front on Monday with Akzo. Hoofovens and Philip* showing marked Cns In Dutch Internationals ral Dutch retreated after the recent gains. Van Ommeren fore-fronted gains elsewhere that Included Heineken, Bolt and Oce. Banks and Insurances were mixed. Declines were led by Investment funds,
      300 words
    • Article
      Zurich
      298 7 ZURICH: Shares drifted lower on Monday, forefronted by a weaker banking sector In which Kreditanatalt fell sharply, dealers said. Kreditanatalt'a communique on Chiaaao Branch losses and current earnings position did not uphold the decline Financials followed the general trend with profit-taking contributing to the easier bias Insurances and industrials
      298 words
    • Article
      Frankfurt
      372 7 FRANKFURT: Shares closed mainly lower on Mcnday, showing a reaction to last week's gains, with losses mainly up to two and reaching five marks in some sectors, dealers said. However, banks rose strongest against the decline, led by Commersbank up to 2.50 marks higher, in electrlcals. Siemen* advanced 0.50
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    • Article
      Hongkong
      457 7 HONGKONG: Share prices closed mixed In moderate trading on Tuesday, above morning lows touched on a burst of selling by smaller Investors In reaction to Wall Street's weakness dealers said. The Hang Seng index was down 1.71 points to close at 442.75 points Jarcnnr Matheaon (ell 20 to 16
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    • Article
      Paris
      413 7 PARIS: The market eased on Monday, ahead of Tuesday's announcement of the second phase of Prime Minister Raymond Barre's plan for the French economy and Thursday's public sector strike, dealers said. The rise In call money to 9% per cent also depressed the market, they added. Banks and foods
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    • Article
      Brussels
      118 7 BRUSSELS: The market closed mixed with Petroflna the prominent loser closing at 4.280 francs (4,900) on Monday Among steels Arbed and Cokerill were easier. APR 25 Frs 47FORWARD MARKET Acec 345 -11 Arbed 2810 -IS Astur 860 -18 Brascan 449 11 Bru-Lamb 1760 -15 Canpac 600 +4 Cock 600
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    • Article
      Toronto
      313 7 TORONTO: The market closed lower in light trading on Monday, with the composite Index off eight points. Declining Issues outpaced advances by a two to one margin. Bell Canadm, the most active Industrial, lost H to 48S on 39.214 shares, Moore Corp at 31%. Dome Pete at 42% and
      313 words
    • Article
      Jo'burg
      337 7 JOHANNESBURG: Gold shares eased on Monday, despite higher London bullion Indications. The lack of Interest led to thin trade, dealers said Financial minings were easier In places, with UCI a further 10 cents off at 290. Anglo* lost two cents later to 385. De Beert gained a net two
      337 words
    • Article
      Bangkok
      96 7 APR X BahU Asia Fibre 170 unch Bangkok Bank 301 Bangkok Invest 180 •1 Bangkok-Metro-politan Bank 2550 +30 Bata 425 -4 Berll Jucker 251 unch Charoong Thai Wire Dumex Duslt Thanl Faber Merlin First Trust Indo-Thal Industrial Finance Corp 1285S J And J Ho 229 -2 Jalaprathan 133 Cement
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    • Article
      Manila
      107 7 APR 2t Pesos Acoje Mining 0145 unch Atlas Con A 34 00 -0 25 Atlas Con B 34 25 unch Bagulo Gold 0115 -0 0005 B«nguetCon B BF Goodrich CDCP 9 50 +0 5 IncoB Lepanto B 15 -0 0025 Marlnduque B 6 50 unch Meralco 3 72 +0
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    • Article
      Indices
      54 7 FINANCIAL TIMES INDUSTRIALS Monday 419.0 Friday 422.3 Week ago 408.1 DOW JONES AVERAGE INDUSTRIALS Monday 914.83 Friday 927.07 Week ago 942.76 LONDON DOLLAR PREMIUM Monday 121* to 122% Friday 120V» to 121 H.K. HANG SENG Monday 444 46 Friday 448 74 Week ago 446.31 SYDNEY INDUSTRIALS Monday closed Friday
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    • Article
      Lock icon G Mills
      101 7 Reuter MINNEAPOLIS, (Minnesota). Tues. General Mills Company, the giant American food processor, yesterday said its directors approved the sale of Its general mills chemicals subsidiary to West Germany's Henkel KG A A for US$75 million. The chemical unit accounted for about four per cent of General Mills' sales
      Reuter  -  101 words
    • Article
      Lock icon Union Carbide
      56 7 Reuter NEW YORK. Tues. Union Carbide said It Is spending about US$7O million on five expansion projects in the industrial gases business of its Llnde division. The company said It will more than double liquid hydrogen production capacity at Ashtabula Ohio to 17 tonnes per dav, with completion
      Reuter  -  56 words
    • Article
      Confirmation by UK Treasury
      50 7 THE UK Treasury has confirmed th it Gopeng Consolidated. Mris Hydraulic Tin, Pengkalen and Tunjong Tin Dredging are not subject to current dividend control regulations sine* they are operating and trading exclusively overs.-as However, the companies say this does not mean dividends will be Increased automatically.
      50 words
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      Page 7 Advertisements Column 1
      425 7 THE SYNTOFKON The Syntoplcon now makes it possible for anyone to "ask" great thinkers such as Plato, Aristotle, Tolstoy, and Freud about love, art, democracy, justice or almost any topic conceived by the human mind. The Syntoplcon can guide your hand to the proper volume. Your eyes are directed to
      425 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Local and foreign rubber markets
      770 8 IN the Singapore rubber market yesterday, prices were unchanged at the opening but eased back half a cent on some long liquidation. before later buying interest boosted levels again, dealers said. The market closed very quiet with May RSS One buyers quoted at 194.25 cents
      770 words
    • Article
      Closing prices
      30 8 Rubber: April 26 Singapore: May 194.25 cU (up 0.2S ct.) Malaysia: May 194.75 eta (up 0.75 ct.) Tin: $1,445.00 (down SU.OO) Official offering: 275 tonnes (up 40 tonnes)
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    • Article
      Straits tin
      156 8 THE Straits tin price in Penang yesterday was down $11 to $1,445 per plcul on an official offering up 40 tonnes to 275 tonnes. In LONDON yesterday morning, tin finished around £2 per tonne down for Cash and £10 for Three Months in both contracts. Pre-market values eased
      156 words
    • Article
      Palm Oil
      120 8 THE following Palm Oil prices were quoted In London on Monday. The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated Monday Piev. Malaysia 5% (fa bulk 670 sir 675 sir June/Jly Sumatra 5% Apl unch 685 pd May 680 pd 670
      120 words
    • Article
      SSR and SMR
      94 8 R.A.8. May (Cuiraat Mtk) Buy«r» Saltan (easts par kg) JlUM (Forward Mtk) Inn Mian (oanta par kf) SSR20 SSRSO (1-ton Pallet) (1-ton Pallet) 102.00 190.00 193 00N 191.00N 193.00 191.00 194.00N 192.00N M.R.E.L.B. SMRSCV SMRSL SMR 5 SMR 10 SMR 20 SMR SO (1-ton Pallet) (1-ton Pallet)
      94 words
    • Article
      Produce prices
      273 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk $110 sellers, old drum SI 15 sellers, new drum $120 sellers Copra: Mixed (loose) UK/Cont. $71 buyers. Pepper: Muntok AST A white fob 100% NLW $397't sellers. Sarawak white f o b. 98% NLW $377"i
      273 words
    • Article
      Gold
      311 8 IN the Singapore gold market yesterday, the kllobar opened at 8111,770 and slowly bldded up to $11,795 before settling down to $11,780. Trading was light. In the loco London gold market, It opened at U*****.40/ 70 and firmed up to $147.70 148.00 on some short-covering before market settling down
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    • Article
      Silver
      192 8 LONDON, Tues. Silver lost three to 3.5 pence in the morning. Prices were marked down Initially on the pre-market, reflecting the decline In New York, trade sources said. Further ground was lost following the lower gold fix, with liquidation and fresh selling evident. Values steadied a little in the
      192 words
    • Article
      Rice
      214 8 BANGKOK, Tues. Indicative prices quoted for rice are: US dollars per tonne (or b Us Bangkok White Rice 100 per cent Ist class 286 100 per cent 2nd 289 100 per cent 3rd 264 5 per cent 254 10 per cent 233 15 per cent 230 20 per cent
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    • Article
      Coffee
      355 8 LONDON, Tues. Futures extended yesterday's decline to close the opening call £40 to £80 down from last night. 343 lots were traded and the official market tone was about steady. July lost £57 at a midprice of £3,854 having opened at a high of £3,875 and traded down to
      355 words
    • Article
      Soybeans
      163 8 CHICAGO, Mon. Soybean futures closed with limit losses of 30 cents a bushel in old crop months. September lost 21 cents and other new crop months dropped 1V» to eight cents a bushel. Prices were kept under pressure on general liquidation through most of the session, with selling picking
      163 words
    • Article
      Wheat
      121 8 CHICAGO, Mon. —Wheat futures posted new seasonal lows in the May contract and in the two 1978 delivery months. Other months closed at the day's lows as losses extended from 6 V* to 4% cents a bushel. Liquidation and speculative selling were attributed to the drop In soybean futures,
      121 words
    • Article
      Sugar
      290 8 LONDON, Tues. Sugar futures closed the morning easy with losses from last night of £2.70 (near Aug at £150.20 bid) to £1.75. Prices ended at or marginally up from the session's lows. Lots traded totalled 2,332 including 601 Kerbs and 116 call options. Single sugar option premiums were Aug,
      290 words
    • Article
      Copper
      229 8 LONDON, Tues. Cash copper wlrebars declined €5.50 and Three Months £6 In the mornlne. Initial losses reflected lower US futures, the Wall Street trend and today's decline In gold, dealers said. In the pre-market, Three Months eased to £819 but then some trade covering developed in the Ring around
      229 words
    • Article
      Lead
      55 8 LONDON, Tues. Lead eased by £6.50 for Cash and £7 for Three Months In the morning. The decline in copper led to Three Months trading down to £378 on the premarket. But the lower levels attracted light bear covering and this position traded at £381 during Ring and Kerb
      55 words
    • Article
      Zinc
      56 8 LONDON, Tues. Zinc gained mostly £0.50 in the morning. Movements reflected the trend In other hase metals, although the pace of business was very slow, dealers said. Three Months traded from £384 down to £381 In the pre-market but rallied to £387 per tonne In the Ring on negligible
      56 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      668 8 THE Singapore local money market saw overnight rates lumped from the opening level of 2 7 4 per cent to as high as eight per cent at closing time yesterday. Dealers said that they were unable to explain the rise but seemed confident that the rate will not remain
      668 words
    • Article
      Asian $ rates
      159 8 Asian rates ASIAN currency deposit Interbank rates as at close on April 26 7 days 1 mth 2 mths 3 mths 0 mths 8 mths 12 mths USDollai Offer 4 15/16 5 1/16 .5 3/16 5 5/16 5H ..5* 6 1/16 Iff" 4 13/16 4 15/16 5 1/16 5 3/16
      159 words
    • Article
      Discount
      43 8 RANOE of prices offered by discount houses on April 20 Overnight 3% Call deposit 3% Bay Selling 3-Month Treasury bills 3 27/8 3-Month Bank bills 4 3% 3-MonthsCD 4 3 19 41/16 6-Months 4 7/16 4 5/16 Smurta: National Discount Co Ltd
      43 words
    • Article
      Minimum lending rates (in %)
      60 8 Minimum lending rates (in ACBC 6*1 Algemene Bank 6 X Bangkok Bank 7 Bank of America Bank of China 7 Bank of Tokyo 6*« Bank Negara Indonesia 7 First Chicago 6*« Citibank 6V« HSBC 7 Indosuez 6% Malayan Banking 6*« Mitsui Bank 6*-* OCBC 6*« OUB 6*4 Chartered Bank 6*«
      60 words
    • Article
      London
      245 8 LONDON. Tues. The guilder continued strong In opening dealings here following speculation the currency may be realigned within the Joint European float reflecting the emerging strength of the Dutch economy, dealers said. But, they noted, there was some demand for the dollar and the guilder was quoted around 2.4635/
      245 words
    • Article
      New York
      257 8 NEW YORK, Mon. The dollar closed weaker, but off Its low of the day after a late rise In the federal funds rate was read in some quarters as a tightening of federal reserve system monetary policy, dealer said. The dollar opened weaker, reflecting a reaction in Europe
      257 words
    • Article
      Hongkong
      100 8 HONGKONG, Tues. The US dollar closed unchanged at HK54.6480/90 In very quiet trading, with short term money market rates continuing easy, dealers said. Sterling was slightly below Its New York close at $1.7183/88, while other currencies were little changed on New York. HONGKONO banknotes quoted on April 26 US
      100 words
    • Article
      Tokyo
      164 8 TOKYO, Tues. The Bank of Japan Is believed to have sold an estimated 10 million to stem a sharp fall In the value of the yen, banking sources said. The US dollar for overnight delivery closed at 278.45 yen, up from 278.15 at the opening but slightly below 278.50
      164 words
    • Article
      Euro $ rates
      159 8 Euro rates LONDON, Tues. Eurodollar deposits opened basically steady and traded a shade harder In early moderate business, dealers said. Early Singapore Interest was noted In some periods but trading on rollover account was fairly light so far, dealers added. A few positions hardened around 1/16 from openings and dealers
      159 words
    • Article
      Australia/NZ
      53 8 AUSTRALIA/ NZ exchanges quoted on April 26. Australia: Sterling 0.6450/ 0.6380 US dollar 1.1056/ 1.1008 Ninety-day air mail buying rates: Sterling 0.6644 US dollar 1.1306 Ninety-day forward buying rates: Sterling 0.6449 US dollar 1.0942 New Zealand: Sterling 0 5596/ 0.5565 US dollar 0.9666/ 0.9566 Ninety-day forward rate: Sterling 0.5810
      53 words
    • Article
      Zurich
      40 8 ZURICH exchanges closing quotes on April 25 US 2.5176/5183 UK 4.3260/3290 Can 2.4030/4050 W/Germ 106.26/31 Neth 102.14/21 France 50.72/75 Belg 6.95/95y» Denm 42.12/14 Norw 47.65/68 •Swed 57.84/87 Italy 0.2837/2840 Austria 14.96/98 Port 6.49/51 Spain 3.65%/66& Arg 0.70/85 Japan 0.90^/90*4
      40 words
    • Article
      Frankfurt
      34 8 FRANKFURT exchanges opening quotes on April 26 US 2.3693/3704 2 3665/70) Can 2.2640/60 UK 4.070/085 Neth 96.13/23 Switz 93.82/97 Italy 2.666/676 France 47.71/81 Norw 44.80/87 Belg com 6.542/552 Belg fin 6.51/53 Japan 0.8505/20
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    • Article
      Eurobond prices
      295 8 LONDON Eurobond prices quoted on April 26 Straights Bid Offer Austria 8*4 90 101*4 102 Bell Canada 8*4 86 105 108 BFCE 8*« 83 102*4 Brazil 9« M 97'» 98*4 Can Pacific 0 83 104*4 104*4 Credit National 8*4*8 99". 100*4 ECSC9 83 103 104S EEC 8*4 82
      295 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      186 8 TOP EXECUTIVE it. how to hold it...TODAY.. ...is for YOU the younger executive This forceful, fast-reading new Guide exposes the dynamic strategies seldom openly discussed and |i f~ almost unknown to the younger man who needs vV them most. SHI SB ow ou can earn: how to create and project
      186 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Where tax on 'gas guzzlers' may not work
      604 9 DETROIT, Tuesday NYT PRESIDENT Carter's appeal to Congress to tax so-called "gas guzzling" cars in order to discourage consumers from buying them and in turn cut back on petrol use. comes at a time when at least two cars in this category
      NYT  -  604 words
    • Article
      Lock icon General Motor's new car offer
      196 9 AP DETROIT, Tues. Some 128,000 Americans who bought 1977 Buicks, Oldsmobiles or Pontlacs powered by Chevrolet engines will get either a new car or a special long-term warranty on their present cars' power train. General Motors Corp. announced y^terday. The unusual offer was being made
      AP  -  196 words
    • Article
      Lock icon Highest car sales in US in 12 years
      481 9 AP DETROIT, Tues. Americans purchased new domestic cars in record numbers during mid-April just before President Carter released his energy programme to break a 12-year-old mark for the period. The nation's four major carmakers reported yesterday their dealers sold a total of
      AP  -  481 words
    • Article
      QUEENSLAND BUYS $14m COMPUTER
      101 9 THE Treasury of the State of Queensland, Australia, has bought a US$6 million (5514.8 million) computer from the American-based Sperry Univac to cope with the need for additional data processing power. The computer will be installed in 1979 at the Queensland state government new computer centre
      101 words
    • Article
      Lock icon ITT-Telemet service
      35 9 Reuter NEW YORK, Mon. International Telephone and Telegraph said its ITT World Communications unit and Telenet have agreed to begin a new international data communications service, the Universal Data Transfer Service (UDTS). Reuter
      Reuter  -  35 words
    • Article, Illustration
      IN PORT
      452 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Centaur (1330 after Industrla) 45 Cherry Vilja (B. Barge) (1200 tbc) 48 King Lake (0600 after Fortune Trader) (Subject freeboard) 23 Neder Waal (1100 after Barge Tal Chin) 8/9 Ocean Ace (8JBC) (2100 after Chidambaram) 31/32 Onward Elite (H3NX) (0600 after Shoyo Maru)
      452 words
    • Article
      Lock icon Concorde noise higher than other aircraft
      591 9 Reuter AP LONDON, Tues. After assessing a vear's flights of supersonic Concorde air liners to and from London's Heathrow airport, British Aviation experts yesterday endorsed their earlier finding that Its noise levels were on average higher than other aircraft. But In reviewing the British
      Reuter; AP  -  591 words
    • Article
      Lock icon Chrysler strike
      33 9 Reuter DETROIT, Tues. Chrysler Corp said It placed 13,600 workers at two assembly plants In the Detroit area on short shifts because of a strike at a key stamping plant. Reuter
      Reuter  -  33 words
    • Article
      Lock icon London freight market
      186 9 AP LONDON, Tues. Atlantic freight rates held steady in well-maintained grain fixing from the Great Lakes. US Gulf and River Plate. Great Lakes business included a 13,600-tonne May 16-25 cargo for the GhentHamburg range at US$l7 (FIO). US Gulf grain charterers worked 71,000 tonnes to Europe aboard
      AP  -  186 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      589 9 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE MAS MH682 0810 KCH CAL CI816 1000 HLP CPA CX710 1000 HLP SIA SQ211 1015 HLP OIA GA980 1030 HLP THAI TG423 1035 BKK THAI TG981 1050 BKK OIA OA 908 1100 MES PAL PR501 1115
      589 words
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      Page 9 Advertisements Column 1
      60 9 l3o oio^ i W 'Ml ,vC? ASBAS0f® o yeah AFTER IVVIA march 1977 The Circulation Manager Times Periodicals Pte. Ltd., I 422 Thomson Road. Singapore 11. Please send me 4 issues of NEW DIRECTIONS: Cheque money order draft for SS enclosed. Ase*® Cine®* NAME: ZSiSßsae ADDRESS: I COMPANY: j RATE:
      60 words
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  • Article, Illustration
    Lock icon Fleet Street closures and new technology
    2134 10  -  By MAX WILKINSON FT THE LONDON Evening News still proclaims on Its yellow vans that It has the largest circulation of any evening paper In the world. Yet It Is making a loss of about £5 million (SS2O million) a year and faces the
    FT  -  2,134 words
  • Article, Illustration
    Lock icon Banking on peace in Shaba province
    1130 10  -  INTERNATIONAL LENDING TO ZAIRE by MARY CAMPBELL FT "IF THIS war continues we can kiss every penny goodbye for longer than anyone can see," is the way one international banker summarises the position of with loans out to Zaire at present. Ironically the Invasion
    FT  -  1,130 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      374 10 The first new idea in encyclopaedias in over 200years-Britarmica 3. Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. (see below) That's what makes it the most useable reference work ever developed. That's why Britannica 3
      374 words
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  • Article
    Majority have applied for licences under the ICA
    648 11 KUALA LUMPUR, Tues. Manufacturing companies in Malaysia have almost all applied for their licences or have sent in their letters of intent as required under the Industrial Coordination Act. This Is the finding of a Business Times survey of various chambers of
    648 words
  • Article
    Belgian textile show
    88 11 A ONE-DAY Belgian textile exhibition will be held today at the Hyatt Hotel here to promote the sales of Belgian textiles in Singapore and the South-east Asian region. A spokesman from the Royal Embassy of Belgium here said that the exhibi- tion will show a wide range
    88 words
  • Article
    Lock icon BOND ISSUES TO REMAIN AT A HIGH LEVEL
    632 11 Reuter TOKYO, Tues. Japanese corporate bond issues are continue around current high levels In the coming months, despite an anticipated sharp fall In local Interest rates triggered by last week's cut In bank rate to five per cent from six, securities sources
    Reuter  -  632 words
  • Article
    Lock icon TOKYO PLANS TO EASE FOREX CONTROLS
    231 11 Reuter TOKYO, Tues. Japan Is considering a plan to ease foreign exchange "controls following criticism at home and abroad that they are still too strict, Finance Ministry officials said. Present restrictions on converting US dollars into yen may be incorporated into a new structure
    Reuter  -  231 words
  • Article
    Lock icon LME option tracing panel is set up
    191 11 Reuter LONDON, Tues. The London Metal Exchange (LME) has set up a subcommittee on option trading to defend the right of LME members to sell options to US citizens, LME board member and member of the sub-committee Jacques Lion told Reuters. He said
    Reuter  -  191 words
  • Article
    Another against FEFC
    131 11 KUALA LUMPUR. Tues. —The Malaysian Frozen Foods Processors Association fully backs the Trade and Industry Minister Datuk Hamzah Abu Samah on his stand to oppose the Far East Freight Conference's proposed Increase In freight rates. Its president, Mr. Oh Kay Seng, said in a statement: 'We fully
    131 words
  • Article, Illustration
    Lock icon VIETNAM STILL DIVIDED TWO YEARS AFTER THE WAR
    977 11 UPI BANGKOK, Tues. The Vietnam war came to an official end two years ago this Saturday when a Vletcong flag was hoisted atop the Presidential Palace In Saigon Just hours after the American evacuation. But If the shooting war was over, the
    UPI; AP photo  -  977 words
  • Article, Illustration
    Lock icon Peacock: S-E A is more stable now
    149 11 Reuter SYDNEY, Tues. Australia's Foreign Minister Andrew Peacock (above) said today he found stability in South-Eaat Asia to be greater than it has been for many years after returning from a two-week visit to the Philippines, Thailand, Malaysia and Singapore. He said at
    Reuter  -  149 words
  • Article
    'DAMS WILL DESTROY FORESTS'
    124 11 MORGES (Switzerland), Tues. Two major conservation organisations have urged Thailand not to build I four irrigation dams which they fear could destroy forests and affect farming. The World Wildlife Fund (WWF) and its sister body, the Intenatlonal Union for Conservation of Nature and Natural Resources (lUCN),
    124 words
  • Article
    Lock icon Higher payments surplus in March
    301 11 Reuter TOKYO, Tues. Japan's revised overall balance of payments surplus In March rose to US$935 million (*****7 million) from $453 million In February and $654 million in March last year, the Finance Ministry said. The March figure gave Uapan a revised balance of payments surplus
    Reuter  -  301 words
  • Article
    S'pore tourist agents for Penang meet
    358 11 SINGAPORE tour agents will meet with senior officials of Malaysia's Tourist Development Corporation in a fortnight to promote tourism in Malaysia. A high-powered seminar Is scheduled for May 6—B in Penang. at which representatives of the Singapore Society of Tourist Agents accompanied by the
    358 words
  • Article
    Lock icon Record export of Thai rice
    187 11 UPI BANGKOK, Tues. Thailand exported almost 300,000 tonnes of rice In March to complete a record quarter of export of the food staple, the Board of Trade announced yesterday. Spokesmen said exports in March totalled 297,452 tonnes, bringing total rice exports for the first three
    UPI  -  187 words
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      227 11 SINGAPORE 3.00 P.M. Opening Announcements followed by Classic Keystone Comedy Capers 3.20 Diary of Events (Malay) 3.25 General Hospital 4.00 International Zone Killer At Large (r) 4.30 Intermission 6.00 Opening Announcements followed by Electric Company 6.30 News in Brief 6.00 P.M. Opening Announcements followed by Jabberjaw 6.45 News in Tamil
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  • Article
    Lock icon Give more aid to S-E Asia, Fukuda urged
    423 12 AP UPI TOKYO, Tues. President Marcos asked today for more Japanese aid for the Philippines and other South-east Asian countries while Japanese Prime Minister Takeo Fukuda called the area a pillar In his diplomacy, the Foreign Ministry reported. The Philippines leader and
    AP; UPI  -  423 words
  • Article
    Lock icon 'Next miracle will be in Philippines'
    255 12 UPI MANILA, Tues. —US Ambassador William Sullivan said today he fully expects the next "economic miracle" in Asia to take place in the Philippines. "I have great confidence in the future of the Philippines," Mr. Sullivan said in a farewell statement after serving for
    UPI  -  255 words
  • Article
    Lock icon 200 products on preferential list
    99 12 Reuter MANILA. Tues. Asean has agreed on a list of 200 export products to be covered by the newly-signed preferential trading scheme, a Filipino businessman said. Under the preferential scheme, products of Asean countries with at least 50 per cent local content will get preferential
    Reuter  -  99 words
  • Article
    Smallholders: How they can be modernised
    203 12 KUALA LUMPUR. Tues. The modernisation of rubber smallholders will only be successful if all aspects of rubber based on scientific studies are disseminated, received and put into practice by the smallholders. Deputy Primary Industries Minister Lew Sip Hon said today. "It is not easy
    203 words
  • Article
    LONDON STOCKS
    787 12 LONDON. Tues. The stock market closed irregular after a quiet session, dealers said. At 3.00 p.m., the Financial Times index was up 0.5 at 419.5. Equities finished mixed, after being lower on Wall Street influences. Oils were active, with Shell closing 17p up on speculation that its dividends
    787 words
  • Article
    Lock icon HK comex to start with cotton futures
    272 12 Reuter HONGKONG, Tues. Hongkong Commodity Excnange Ltd Chairman Mr. Peter Scales said the Exchange plans to open on May 9, subject to the Issue of a licence by the Hongkong Government. He told a press conference he understands the Government's Executive Council will
    Reuter  -  272 words
  • Article
    CASE meets the coffee-shop men
    152 12 ARMED with profitability figures of its own, the Consumers' Association of Singapore and the Department of Trade will be meeting coffee-shop owners this afternoon to discuss the proposed increase of certain beverage prices. The emergency meeting was called after the surprise announcement yesterday by coffee-shop
    152 words
  • Article
    MMG UNDERWRITERS SUES FOR $93,000
    124 12 MALAYAN Motor and General Underwriters (Pte) Ltd after filing a $1,085,920 suit against Ong Peng Ouan (g> Ong Ah See and Ong Cheong Neong and four others on Monday, was back at The High Court again with a $93,070 suit against Buyong Pte. Ltd. being
    124 words
  • Article
    Standards for precious metals
    123 12 STANDARD specifications for gold and silver ornaments were among items discussed at the Consumer Product Industry Standards Committee (CPISC) meeting held yesterday to draft specifications for a number of products. The CPISC meeting held at the Singapore Institute of Standards and Industrial Research drafted specifications for
    123 words
  • Article, Illustration
    Lock icon 'WARMING UP' FOR TALKS
    34 12 Prime Minister Takeo Fukuda gesturing as he chats with Philippine President Marcos and his wife, Imelda, before their talks at the State Guest House on Tuesday. UPI photo. UPI photo
    UPI photo  -  34 words
  • Article
    Lock icon SETUP WORK GROUP ON MERGER CALL
    174 12 Reuter HONGKONG, Tues. The Securities Commission suggested Hongkong's four stock exchanges should immediately establish a working party to agree on a timetable of steps towards their unification. The commission said in a statement it discussed recent developments at a meeting this morning and it
    Reuter  -  174 words
  • Article
    Lock icon ADB credit
    48 12 AP DACCA, Tues. The Asian Development Bank (ADB) will provide Bangladesh with US$7 million (Ssl7 million) to procure equipment for an international airport under an agreement signed yesterday. Construction of the airport began in the mld--1960's and is expected to be ready for operation by 1980.
    AP  -  48 words
  • Article
    Lock icon Suharto in one-hour exchange of views with Genscher
    417 12 Reuter JAKARTA, Tues. President Suharto today received West German Foreign Minister Hans-Dletrlch Genscher for a one-hour exchange of views on world political problems and the prospects of strengthening economic cooperation between the two countries. Mr. Genscher, here with a group of German
    Reuter  -  417 words
  • Article
    THURSDAY VISIT
    57 12 MR. Hans-Dietrich Genscher. Foreign Minister of West Germany, arrives here tomorrow as head of a 98-member mission for a two-day visit. Mr. Genscher, who is accompanied by his wife, will hold discussions with the Prime Minister and the Foreign Minister. Talks are expected to centre around expanded trade
    57 words
  • Article
    Korean banks in bid to tap more foreign marts
    752 12 THE current move by Korean "banks to establish representative offices In Singapore Is but the thin edge of a concerted South Korean government drive to diversify Its sources of borrowings from around the world. The South Koreans will require something In
    752 words
  • Article
    Better showing at big firms says survey
    248 12 KUALA LUMPUR, Tues. Large firms (employing over 200 workers) seem to do better than the medium-sized firms (100 to 199 employees) and the small firms (50 to 99 employees), according to a recent survey by the Federal Industrial Development Authority (FIDA). The survey,
    248 words
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