The Business Times, 3 May 1977
1977-05-03
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10
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The Business Times
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Title Section10 1977-05-03 1 BUSINESS TIMES M.C.(P) 300/1/77 TUESDAY, MAV 3, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article73 1977-05-03 1 AP SALZBURG (Austria), Mon. Atomic energy is needed now more than ever before, but President Carter's ban on nuclear fuel reprocessing is making it harder to get for less energy-rich nations, a 59-natlon energy conference was told on Friday. "Never was nuclear power so necessary as ItAP - 73 words
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Article60 1977-05-03 1 Reuter V STAVANOER, (Norway), Mon. Millions of dollars in liability for the damage done by a rogue North Sea oil rig hang on investigations now going on. Police said that immediately after the eightday blow-out on the Bravo rig was plugged on Saturday, they launched an investigation IntoReuter - 60 words
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Article84 1977-05-03 1 Reuter TOKYO, Mon. Prime Minister Takeo Fukuda told Parliament today Japan will be unable to negotiate a few fishery agreement with the Soviet Union should Moscow link the territorial dispute between the two countries with the fishing issue. He made the statement on the eve ofReuter - 84 words
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Article41 1977-05-03 1 Reuter SEOUL. Mon. The Kuwait Financial Centre, an investment bank, opened a Joint venture merchant bank here. Called Kuwait-Korea Banking Corp, it aims to channel foreign capital into South Korea, particularly petro-dollars, the Finance Ministry said. ReuterReuter - 41 words
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Article70 1977-05-03 1 Reuter TOKYO, Mon. Mr. Shokichi Uehara, a 79-year-old senator and also a leading pharmacist, has earned Japan's highest personal Income totalling 1,690 million yen (Ssls million), according to annual national tax reports released today. Mr. Uehara, who previously topped the list of high-income earners from 1964 to 1966,Reuter - 70 words
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Article54 1977-05-03 1 UPI BRUSSELS, Mon. The European Common Market has "considerably reinforced" its nuclear control procedures following the loss of 200 tonnes of uranium oxide In 1968, a spokesman said today. He strongly Implied the uranium was diverted in a carefully arranged and top-secret manner. Many officials believed the uraniumUPI - 54 words
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Article41 1977-05-03 1 AP DETROIT, Mon. Nissan Motor Corp US, today joined the growing list of Japanese car Importers that have raised prices in the United States due to a drop in the value of the dollar against the yen. —i APAP - 41 words
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Article82 1977-05-03 1 UPI TEL AVIV, Mon. Maintenance workers who struck Ell A 1 Israel airlines over the weekend and cost the carrier more than US$l.2 million (Ss3 million) returned to their Jobs today but departures ran into eight-hour delays, a company spokesman said. He said operations would returnUPI - 82 words
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Article51 1977-05-03 1 AP NICOSIA, Mon. Iraq's dally average of crude oil production edged up to 1.85 million barrels during April from 1.7 million barrels In January, the Middle East Economic Survey reported today. The Iraqis are striving to match a 1976 annual production average of 2.28 million barrels aAP - 51 words
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Article76 1977-05-03 1 Reuter MANILA, Mon. New capital requirements for the establishment of additional branches by Philippines banks have been Imposed by the Monetary Board of the Central Bank. The board ruling embodied in a new circular to commercial banks requires those with less than the minimum capital requirement of 100Reuter - 76 words
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Article73 1977-05-03 1 Shuffling along UPI SEOUL, Mon. South Korean and American officials began a three-day meeting today to discuss voluntary restrictions on Korea's non-rubber shoe exports to the United States but the sides differed sharply from the outset of the talks. There was no official disclosure of how the opening session proceededUPI - 73 words
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Article55 1977-05-03 1 AP CANBERRA, Mon. The Australian National Cattlemen's Council today welcomed the new Japanese beef quota but remained "most unhappy 1 at the way Japan regulates its beef Imports. The council said in a statement the global quota of 35,000 tonnes of beef was "better news thanAP - 55 words
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Article68 1977-05-03 1 AP NEW YORK, Mon. The stock market rose slightly this morning, opening another week faced with worries about tighter credit. The Dow Jones average of3o industrial stocks was up 0.08 to 926.98 In the first half hour, and advances led declines among New York Stock Exchange-listed Issues. AnalystsAP - 68 words
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Article949 1977-05-03 1 JOHN TAN - $162 m LOAN TO LUCKY PLAZA BY JOHN TAN AT A time when most banks are shying away from financing property development, the Moscow Narodny Bank has taken what most of its colleagues would view as an adventurous step. It has disbursed a massive $162 million949 words
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Article212 1977-05-03 1 JAKARTA, Mon. Millions of Indonesians voted today in general elections for a new Parliament but the results will not be known for several days because of communications problems in the vast Archipelago. The Government, which had earlier said that the national elections centre here would212 words
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Article91 1977-05-03 1 Reuter KUALA LUMPUR, Mon. Leaders of Asean have agreed to invite the Prime Ministers of Japan, Australia and New Zealand for a meeting with them Immediately after the second Asean summit conference here in August, according to Malaysian Prime Minister Datuk Hussein Onn. Speaking at a dinnerReuter - 91 words
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Article632 1977-05-03 1 UNITED Malayan Banking Corporation (UMBC), Malaysia's second largest Krlvate bank. Is now firmly 1 the hands of Pernas, the Malaysian National Corporation. In November last year, approximately nine million shares, garnered from existing shareholders, were sold to Pernas giving it 30 per cent control of632 words
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Article202 1977-05-03 1 IN a bid to stem the opposition to the transfer of Its major companies' domicile to Malaysia, London Tin Corporation yesterday gave an Indication of the quantum of final dividends to be paid if the scheme of arrangement became effective. The directors of the London202 words
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Article135 1977-05-03 1 Reuter TOKYO, Mon. Japanese and American officials opened a new round of talks here today on restricting Japanese colour television imports to the United States, Trade Ministry officials said.. The talks are expected to centre on the Import of components as well as complete sets, aReuter - 135 words
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Article82 1977-05-03 1 Reuter CANBERRA, Mon. The Industries Assistance Commission (LAC) will hold a public Inquiry on May 19, Into urgent assistance for manufacturers of air conditioners, LAC chairman BUI Mcklnnon said. Local manufacturers are seeking emergency .assistance against Imports of conditioners by way of temporary duties and removalReuter - 82 words
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176 1977-05-03 1 Reuter TOKYO, Mon. Mr. Michlya Matsukawa, VlceMlnistw of Finance for International Affairs, said Japan may face unexpectedly strong criticism at the seven-nation summit meetlnc later this week, If it approaches It with the conventional concept of free trade. Mr. MatsukawaReuter - 176 words
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Article115 1977-05-03 1 Reuter LONDON. Mon. Barclays Bank said it cut its base rate to 8.5 per cent from nine per cent. It reduced ita depoait rate to four per cent from 4.5, both reductions effective tomorrow. Mr. Douglas Horner, Barclay's senior general manager, said the latest fall in short-termReuter - 115 words
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Article99 1977-05-03 1 Reuter LONDON, Mon. The UK Treasury is proceeding with plans to sell off 17 per cent of the Government's shareholding in British Petroleum, a Department spokesman said. He would make m farther comment on UK press reports that the *I*— are well advanced and the sale isReuter - 99 words
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Article351 1977-05-03 1 SINGAPORE'S trade deficit narrowed by nearly $385 million to $1.23 billion in the first quarter of this year compared with $1.61 million in the similar 1976 period. The latest external trade figures released by the Department of Statistics show that Singapore has continued the strong export351 words
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Article134 1977-05-03 1 A LOCAL shipyard, Promet Pte Ltd, has been awarded a $43 million contract to build two jetties, in Venezuela the first time that a Singapore firm has been awarded a contract for South American harbour work. According to the company, the first Jetty, measuring 180 m134 words
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Article49 1977-05-03 1 Reuter LONDON, Mon. Lonrho said the UK Treasury has granted It exemption from statutory dividend restraint which limits dividend Increases to 10 per cent per year. The exemption Is on the grounds that the company's main trading and operations are almost entirely outside the UK. Reuter.Reuter - 49 words
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Page 1 Advertisements
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Advertisement37 1977-05-03 1 MF] VC&yfoong MAF A lending hand when Wayfoong Mortgage you need and Finance (Singapore) Limited it ITIOSt Shaw House. Ground Floor. 354 Orchard Road. Singapore 9.1>4: *****7. SEE PAGE 2ft 6 SEE BACK PAGE SEE THIS PAGE (~
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416 1977-05-03 2 Reuter NEW YORK, Mon. The credit markets saw some of their anxieties over monetary policy confirmed last week when Interest rates on short-term money market Instruments suddenly began to soar. The rise occurred after the Federal Reserve Board's failure to executeReuter - 416 words
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Article129 1977-05-03 2 Reuter PARIS, Mon. Yields on bonds Issued to the public by the French Treasury and Calsse Natlonale de Credit Agricole are lowered by around one percentage point from today, figures published In the official Journal show. Gross yield on five-year Treasury bonds falls to 9.75 per centReuter - 129 words
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Article87 1977-05-03 2 Reuter MELBOURNE, Mon. The available economic indicators at the end of first quarter 1977, while as usual far from unequivocal, still give cause for serious concern about the health and direction of the Australian economy, the Melbourne University Institute of Applied Economic and Social Research said. InReuter - 87 words
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242 1977-05-03 2 AP STAVANGER, Mon. The Norwegian government today sent new clean-up vessels out to the Ekoflsk Bravo oil spill In the North Sea In a continuing effort to prevent damage to valuable fish breeding grounds. Environment Minister Mrs. Oro Harlem Brundtland said, however,AP - 242 words
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Article55 1977-05-03 2 Reuter BANGKOK, Mon. The Japanese Overseas Economic Cooperation Fund (OECF) has decided to grant a loan of US$32 million (5578.8 million) to Thailand for provincial electricity development, a Government Electricity Authority spokesman said today. He told reporters that the loan agreement was expected to be signedReuter - 55 words
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660 1977-05-03 2 NYT NEW YORK, Mon. The prospect of a long coal strike at year's end Is among the gravest threats to the fulfilment of President Carter's energy programme. White House officials are already pondering what action the government might take to head off a stoppageNYT - 660 words
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396 1977-05-03 2 NYT OTTAWA, Mon. The Canadian government has postponed a decision on whether to permit drilling for oil In the Beaufort Sea In the Arctic pending a study of factors In the North Sea blowout of an offshore well that was cappedNYT - 396 words
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791 1977-05-03 2 AP LONDON, Mon. Britain and West Germany, Europe's two main coal producers, are boosting their output to head off being crippled by a world energy crisis that Is expected to bite In the last 15 years of this century. Many economists inAP - 791 words
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250 1977-05-03 2 Reuter LONDON, Mon. An allparty parliamentary delegation will try tomorrow to persuade Britain's Industry Secretary Eric Varley that Japan's Hitachi Company should not be allowed to open a television-pro-ducing plant In Washington, North-east England. Mr. Tom Torney, Labour Member of Parliament who willReuter - 250 words
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348 1977-05-03 2 UPI LIMA, Mon. Peru's military leaders must decide In coming weeks whether to comply with new International Monetary Fund austerity demands and risk a repeat of widespread street disorders or default on the nation's huge International debts. It will be the mostUPI - 348 words
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722 1977-05-03 2 NYT WASHINGTON, Mon. The United States and China have begun unSubllclsed negotiations In Washington to settle financial claims between the two countries, a necessary step to eventual establishment of normal trade relations. Administration officials disclosed yesterday that the talks have been conducted overNYT - 722 words
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Page 2 Advertisements
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Advertisement197 1977-05-03 2 SEE PAGE 6 B 4 The complete filing cabinet on the Singapore business scene ALPHABETICAL INDEX Mi-muni OFFICIALS AND PUBLIC BODIES INFORMATION O The Strata Timet directory MBTtiT OF SINGAPORE 1976 77 5 S-Zl fl*. FRAS€ff&^*G*Oj£ •iua It's the 1976/77 "Red Book" the office/library reference book covering the business scene197 words
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Page 2 Miscellaneous
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Miscellaneous55 1977-05-03 2 BriStdW rJTmixkiiictenS I >ve ffei?REcreo A look n uW«CH i CP*U. oiy HBtr Refl£U£»«T Gußßp»wegi> sr>p Fudgc. Def\o tH L M\S mxs r— > gogs M Stop urstiNg Time. ftND seT <** with -iou* UKJRKBKistou)' P6 Scon ps He oRcHS wis mouiH -fo sffc«c i Give w*mrwe. look PWD HIS55 words
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Miscellaneous50 1977-05-03 2 Tf WEATHER report for 24 hours prior to 7.30 p.m. on May 2 at Singapore airport. Maximum Temperature KJ'C Associated Humidity SI Minimum Temperature 24.7° C Associated Humidity *7 Hour* of Sunshine 8.46 Raiafali la Millimetre* Nil Total Rainfall for the Month Nil Total Raiay Days for the Month Nil50 words
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Miscellaneous258 1977-05-03 2 T? A HTfl Rr IVIIJL/I. W U6 SINGAPORE 5 3.00 P.M. Opening Announcements followed by Flying Nun (r) p 3.3oDiary of Events (English) 3.35 General Hospital 4.loMagazine Zero One (r) 4.25 Intermission 6.05 P.M. Opening Announcements followed by Porky- Pig Show 6.30 News in Brief* 6.35 Boy Dominic Captain Darkness258 words
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OVERSEAS
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258 1977-05-03 3 UPI WASHINGTON, Mon. Since the 320-km limit took effect in March, there has been a 40 per cent drop in the number of forelm boats fishing off the U8 coast, the Government said yesterday. The National Oceanic and Atmospheric Administration saidUPI - 258 words
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Article, Illustration919 1977-05-03 3 NYT WASHINGTON, Mon. Chancellor Helmut Schmidt of West Germany will come under considerable pressure, mainly from the leaders of France, Britain and Italy, at the London Economic Summit this Sunday to get the German economy moving faster, according to sources closeNYT - 919 words
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461 1977-05-03 3 AP WASHINGTON, Mon. US officials say mounting policy differences will bring West Germany's Chancellor Helmut Schmidt to Washington soon for man-to-man talks with President Jimmy Carter. The two Governments are reported to be working on arrangements. Final details may be settled in London nextAP - 461 words
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574 1977-05-03 3 NYT FRANKFURT, Mon. A group of US and European economists wound up an inauspicious dress rehearsal here this weekend for President Carter's forthcoming economic summit meeting with other Western leaders in London. The economists were brought together by Claremont College (California) at theNYT - 574 words
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Article81 1977-05-03 3 Reuter AMSTERDAM, Mon. The strength of the guilder In the European Joint float Is a short-term market fluctuation which will soon right Itself, Finance Minister Wlm Duesenberg said on his return from the IMF interim committee meeting in Washington. Asked whether the Dutch caretaker government would be InReuter - 81 words
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Article, Illustration801 1977-05-03 3 NYT CHIASSO. Mon. Ernst Kuhrmeler, manager of the Swiss Credit Bank's Important branch in this town touching the Italian frontier had a big edge on his competitors. He was able to win customers by offering them a much better return on theirNYT - 801 words
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179 1977-05-03 3 Reuter WASHINGTON. Mob. The Atlantic Council called on the seven major industrialised countries to inaugurate a new system of harmonising their economic policies at the London summit later this week. The council said collective leadership is necessary if orderly economic growth is to be sustained,Reuter - 179 words
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Article25 1977-05-03 3 Reuter LIMA, Mon. The Peruvian sol was adjusted down to 7f1!21 against the US dollar from 70.00 previously, the central bank announced yesterday.Reuter - 25 words
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309 1977-05-03 3 AP GUATEMALA CITY, Mon. United Nations Secretary-General Kurt Waldheim today called for a package deal this year between industrialised and developing pountries to steady commodity prices, ease debts and spread technical know-how. "There is a widespread feeling that the NorthSouth dialogue is coming to aAP - 309 words
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362 1977-05-03 3 Reuter EASTBOURNE. Mon. Mr. Hugh Scanlon, president of Britain's engineering workers union, recommended a continuation, In modified form, of voluntary pay restraint when the current policy runs out In July. Addressing the national committee of the engineering section of the Amalgamated Union of EngineeringReuter - 362 words
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Article195 1977-05-03 3 What Healey may offer. Reuter LONDON, Mon. UK stockbroker Philips and Drew says the Government may this summer offer tighter controls on public sector prices and further tax cuts In 1978 to secure British unions' agreement to a third year of voluntary pay restraint. In Its May review, the brokersReuter - 195 words
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301 1977-05-03 3 UPI NEW YORK, Mon. Mr. Kerdoudl Kolall uhawkl, vice-president of the African Development Bank, said today the bank will seek to increase Its resources to US$2 billion (SSS billion) at Its meeting opening today at Mauritius. In an interviewUPI - 301 words
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Page 3 Advertisements
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Advertisement179 1977-05-03 3 fiteWMt Always fighting to make the world safe from fire. W+-1 (MittaintM Of© !!!!!!i I* I r. .i MJ:-& mi For four decades GRAVINER has been an international name in the exacting field of fire and explosion technology. Serving with distinction industry, marine end eviction enterprises as well as the179 words
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COMPANY NEWS
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912 1977-05-03 4 ALTHOUGH National Iron and Steel mills managed to achieve a 19.1 per cent Increase In group pre-tax profit last year, much remains to be done before the company could claim that it is completely out of the rut. For the year912 words
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COMPANY MEETINGS
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19 1977-05-03 4 THE following company meetings are due: May 4, 12 noon, 4 Jalan Tendang, Petallng Jaya.19 words
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Article15 1977-05-03 4 May 12, 12 noon, at the Shangri-La Hotel, 22 Orange Grove Road, Singapore.15 words
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17 1977-05-03 4 May 14, 11.30 a.m.. Registered Office, DBS Building, Shenton Way, Singapore 1.17 words
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Article20 1977-05-03 4 May 14, 12 noon. Registered Office. 2nd Floor, Industrial Commercial Bank Building, No. 2 Shenton Way, Singapore 1.20 words
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Article19 1977-05-03 4 May 4, 4 p.m., Registered Office, Suites 4022-4025, President House, 54 A, Jalan Imbl, Kuala Lumpur.19 words
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Article13 1977-05-03 4 May 10.2.15 p.m.. Registered Office, 10 Jalan Tandang, Petallng Jaya.13 words
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Article13 1977-05-03 4 May 12, 12 noon, Bastion House, 8 Jalan Kota, Malacca.13 words
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Article16 1977-05-03 4 May 16, 11 a.m., at the Duke Room, King's Hotel, Havelock Road, Singapore.16 words
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Article19 1977-05-03 4 May 21, 10 a.m. Foh Chong Building, Room 2, 6th Floor, Jalan Ibrahim, Johore Bahru.19 words
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Article71 1977-05-03 4 CYCLE and Carriage has appointed Mr. Yeap Peng Khoon as general manager of its Mercedes-Benz division, Singapore operation. He succeeds Mr. Lim Njit Siong, who is retiring after 28 years with the Cycle and Carriage group. Behn, Meyer has appointed Mr. Tkn Fook Wang as group manager71 words
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Article474 1977-05-03 4 SINGAPORE Oxygen Air Liqulde (SOXAL), which was formed in October 1975 by the amalgamation of Far East Oxygen (Singapore) and Singapore Oxygen, made a group pre-tax profit of $3.54 million on a turnover of $30.99 million for the year ended Sept 30, 1976. The474 words
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Article86 1977-05-03 4 OLYMPIA Plywood and Timber Products has confirmed that Its pre-tax profit for the year ended Oct 31, 1976 was M 51.25 million according to Its annual accounts and not $1.71 million as stated in Its preliminary report, In March this year. The company says In a letter to86 words
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Article591 1977-05-03 4 0 Currant payment Ex Date Date payable Total for -the year Total for pr*viou» year Lingui SmtOM Plywood ftenong Tin Online Highland* Com. Plantations Central Sugars Aokam Tin Malayan Tin Sthn. Malayan Tin D.B.S. Dun lop Estate* King's Hotel Malayan CaMea 8. Steamship Eaaoord EaaoPrcf. Perlis Plant Kuchai591 words
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Article163 1977-05-03 4 BEN has told the Stock Exchange of Singapore that it has not withheld any information likely to have a significant effect'on its share price nor is it aware of any reason for the significant increase in its share price last week. The company says in a163 words
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Article2141 1977-05-03 4 LEONARD SLOANE - TURMOIL OVER COMPETITIVE RATES. By LEONARD SLOANE NYT ON THE surface, Wall Street hasn't changed much in the last two years. The New York Stock Exchange still faces the Subtreasury Building In the heart of the financial district, and the salesmen at nearby brokerage InNYT - 2,141 words
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Page 4 Advertisements
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Advertisement115 1977-05-03 4 Bu SINGAPORE MC(P) 162/1/77 VOL.I N0.4 APRIL 1977 PRICE:S3.OO COVER Telecommunications MANUFACTURING Singapore's long-term prospects TRADE Singapore: United States PROPERTY Middle-income housing LIFE AT THE TOP Kurt Lindblad FINANCE Insurance INVESTMENT Automobile assembly TRENDS Cold winds of reality Trends in Singapore's economic indicators Commodity markets STOCK MARKET REVIEW STOCK PROFILE115 words
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INTERNATIONAL COMPANY NEWS
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Article146 1977-05-03 5 Reuter FRANKFURT, Mon. The Spanish motorway authority Autoplstas Del Mare Nostrum of Valencle (Aumar) expects to raise a six-year 60 million mark roll-over Eurocredit via OGZ-International of Luxembourg, Euromarket sources said. Interest should be 1H per cent above the London Euromark offered rate for theReuter - 146 words
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Article156 1977-05-03 5 Reuter CHICAGO, Mon. Amoco International Oil, a Standard Oil (Indiana) subsidiary, said a new discovery well in the Gulf of Suez flowed at rates up to 4,685 barrels of oil a day In tests by Gulf of Suez Petroleum. Gulf of Suez Petroleum isReuter - 156 words
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Article75 1977-05-03 5 Reuter MELBOURNE, Mon. Bougainville Copper said it produced 37,864 tonnes of contained copper in the first quarter of 1977 against 42,000 tonnes in the fourth quarter 1976 and 47,766 tonnes in the first 1976 quarter. The company milled 7.07 million dry tonnes of ore against 7.7Reuter - 75 words
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Article77 1977-05-03 5 Reuter MILAN, Mon. Pirelli EC said a drop in 1976 profit to 1.5 billion lire from 1.78 billion reflects a fall in dividend receipts mainly because of the omission of 1975 dividend by Pirelli Spa and Montedison Spa, in which it has participations. In 1976 the companyReuter - 77 words
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Article292 1977-05-03 5 Reuter NEW YORK, Mon. Leading US companies will rely heavily on internally generated funds for business needs in the year beginning this month, a conference Board survey shows. The board, an industryfinanced research organisation, said half the 54 executives of non-financial companies surveyed saidReuter - 292 words
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Article99 1977-05-03 5 Reuter FLEMINGTON, N.J., Mon. Eastman Kodak chief executive officer Mr. Walter A. Fallon said the company's instant photography business Is not at present profitable on a fully-allocated basis. He told shareholders at the annual meeting he could not predict when this business would produce a profit, but saidReuter - 99 words
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127 1977-05-03 5 Reuter SAN FRANCISCO, Mon. Crown Zellerbach is launching a five-year US$l billion capital programme and has already arranged $100 million towards financing, president Mr. C.R. Dahl told the annual meeting. The financing is at competitive rates from a group of insurance companies. The funds,Reuter - 127 words
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Article234 1977-05-03 5 NEW YORK, Mon. Although Exxon topped Fortune Magazine's list of 500 Industrial companies for last year, the General Motors narrowed the oil company's lead and Ford Motor passed Texaco to move into third place. In preparing its annual list of leading industrial companies, Fortune Magazine234 words
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Briefly
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Article82 1977-05-03 5 SAN JUAN, Puerto Rico, Mon. The Puerto Rlcan Development Bank said it negotiated for the Sugar Corporation a (U5557.7 million) 6.25 per cent loan maturing at end-October 1977, 1978 and 1979 with a banking syndicate led by Bank of Nova Scotia. Other syndicate members are Royal Bank82 words
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Article34 1977-05-03 5 LUXEMBOURG, Mon. The European Coal and Steel Community said its 500 million Luxembourg franc 8.5 per cent 10 year bond issue was priced at par. Bonque Generale du Luxembourg acted as lead manager.34 words
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Article99 1977-05-03 5 Reuter BASLE, Mon. Schweizerischer Bankverein said balance sheet total In first quarter 1977 rose 2.5 per cent to 54.19 billion francs from 52.76 billion francs at end-December 1976. Operating profit in the first quarter was little changed compared with the same year ago period and was satisfactory, theReuter - 99 words
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Article50 1977-05-03 5 LONDON, Mon. Coupons of per cent and 8% per cent respectively are expected on the forthcoming two Cs2o million note issues from Ford Motor Credit of Canada, lead manager Goldman Sachs International said. The issues are due 1984' and 1987 respectively. Terms will be finalised on May 4.50 words
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Article72 1977-05-03 5 OTTAWA, Mon. —Finance Minister Mr. Donald MacDonald said a new Cs6oo million Government of Canada bond issue to be made public today will consist of three maturities 7 1/2 per cent bonds due Feb 1, 1980, eight per cent bonds due July 1, 1982, and 9 1/4 per cent72 words
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Article61 1977-05-03 5 JOHANNESBURG, Mon. Foreign applications for the South African Electricity Supply Commission 40 million rand public issue amounted to almost 15 million rand, a spokesman for loan managers Union Acceptances and Central Merchant Bank told Reuter. Total applications for the three issues amounted to 70.4 million rand, all of which61 words
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Article60 1977-05-03 5 MONTREAL. Mon. Hydro-Quebec said as of Dec 31, 1976, it had cash on hand in excess of Csl billion, allowing It to defer new borrowings for several months. The corporation said in its annual report 1976 borrowings totalled $1.76 billion against $1.08 billion in 1975. Hydro-Quebec reported 1976 net60 words
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Article78 1977-05-03 5 ZURICH, Mon. Schweizerische Bankgesellschaft said its convertible Eurobond Issue will comprise 100,000 bonds of approximately U551,250 each nominal value and the Indicated Interest Is 4 1/2 per cent. Precise Interest rate, issue price and conversion premium will be fixed on May 6. The bonds will be due 1987 but78 words
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Article37 1977-05-03 5 LONDON, Mon. The coupon on the Kajima Overseas (Curacao) US$2O million bond, due 1982, was cut to 1% per cent from the 7% orginally envisaged and the issue was priced at par, Morgan Stanley International said.37 words
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Article58 1977-05-03 5 DUESSELDORF, Mon. —Norske Industribanks 50 million mark Eurobond will carry a 6 3/4 per cent coupon and a 12-year final maturity lead manager Westdeutsche Landesbank Olrozentrale said. Redemption will be via ten equal annual drawings from the market after two years grace. The bond, carrying the guarantee of Norway,58 words
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Article24 1977-05-03 5 LONDON, Mon. The Reed International US$4O million nine per cent Eurobond, due 1987, was priced at par, lead manager S.O. Warburg said.24 words
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OVERSEAS MARKETS
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Article392 1977-05-03 5 SYDNEY: Uranium stocks led the market higher on Monday. with Pancondenial gaining 70 cents to $12.90, Queensland Mines IS cents to $2.25, Kathleen Investments three cents to $1.18 and EZ Industries eight cents to $3.30, dealers said. The Sydney All-Ordlnarles Index rose 1.65 points to close at 439. 14.392 words
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Article402 1977-05-03 5 HONOKONO: The market drifted lower on lack of interest In dull trading on Monday. lacking a lead from overseas markets and possibly depressed slightly by the sharp Increase In Hongkong's March visible trade defidt, dealers said. The Hang Seng index dropped 1.71 to close at 440.23. Hongkong Baak was402 words
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Article468 1977-05-03 5 TOKYO: The market firmed in moderate trading with buying interest stimulated by orders from investment trusts, dealers said on Monday. The Dow Jones average rose 30.50 to 5,132.89 with volume 190 million shares. The New index was 383.17 up 2.50. After a quietly steady opening, institutional Investors bought medium-sized468 words
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Article177 1977-05-03 5 Reuter LONDON. Mon. Babcock and Wilcox had a promising start In 1977 with orders booked In the first few weeks by UK companies showing a substantial Increase over the same 1976 period, chairman Mr. John King said In the annual report. Orders In hand at theReuter - 177 words
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140 1977-05-03 5 Reuter HONGKONG, Mon. Wynncor and Cheung Kong (Holding) said Cheung Kong's purchase of 10.48 million HK)S Wynncor shares, or 56.7 per cent of Wynncor's Issued capital, has become unconditional and will take place on Sept 30. Cheung Kong is satisfied the financial position ofReuter - 140 words
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Article134 1977-05-03 5 Reuter NEW YORK.Mon— Consolidated Edison of New York, one of the nation's biggest utilities, said that cold winter weather helped boost Its first quarter earnings by 15 per cent. Con Ed said It earned U5595.28 million or $1.37 a share, in the quarter, up from $82.69Reuter - 134 words
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160 1977-05-03 5 Reuter LONDON, Mon. Rowntree MacKintosh plans continued growth in all divisions despite uncertainties in the current year, Chairman Mr. Donald Barron said in the annual report. Consumer reaction to higher prices and increasingly restrictive price controls make the outlook for 1977 hard to forecast butReuter - 160 words
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130 1977-05-03 5 Reuter MELBOURNE.Mon._ Con zinc Rio tin to of Australia Is undertaking an assessment of the heavy mineral sands operatlot M Jennings Industries at Eneabba, Weste r n Australia. CRA directors said the assessment was to view the potential of unltlslng these operations In conjunction withReuter - 130 words
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Article94 1977-05-03 5 Reuter MELBOURNE. Mon. The National Bank of Australasia and the Australian Chamber of Commerce said their latest business survey Indicated a setback to trading and profit in the quarter to end-March. They said 57 per cent of respondents reported good to satisfactory trading and 49 per centReuter - 94 words
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Article83 1977-05-03 5 LONDON, Mon. Japan Steel Works' US$l5 million Seven year Eurobond, with an expected 7V« per cent coupon, will be guaranteed by Mitsui Bank, lead manager Nomura Europe said. The notes will be redeemed at their principal amount by instalments of $3.75 million on May 15 in each83 words
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Article292 1977-05-03 5 LONDON, Mon. —Alfred Dunhill of London and Montblanc—Slmplo of Hamburg announced their intention Jointly to develop further the market for high quality writing instruments. Under the terms of an agreement, which was completed on April 28, Alfred Dunhill have acquired about 60 per cent of the shares292 words
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Article164 1977-05-03 5 Reuter NEW YORK. Mon. Kennecott Copper, a leading copper producer, reported a profit of US$7.O2 million, against a loss of $1.12 million In the same period last year. Kennecott said its profit of 21 cents a share (against a loss of three cents a share inReuter - 164 words
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Article115 1977-05-03 5 Reuter NEW YORK Mon. Col-gate-Palmollve expects improved 1977 results, chairman Mr. David Foster told the annual meeting. Mr. Foster was not specific but last year Colgate earned US$l.95 a share on revenue of $3.51 billion, up from $1.75 on revenue of $3.31 billion in 1975. Noting that allReuter - 115 words
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Article113 1977-05-03 5 Reuter NEW ORLEANS, Mon. International Harvester said it expects earnings for the second quarter ending April 30 to be very close to the record US$l2 a share earned In the same period a year ago. Harvester expects a 15 per cent compbunded annual income growth overReuter - 113 words
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Article124 1977-05-03 5 Gulf Western down LOS ANGELES, Mon. Gulf and Western Industries will report fiscal third quarter ending April 30 earnings below the US$l.lB a share in the previous year period, president Mr. David N. Judelson said prior to an analysts' meeting. Mr. Judelson. speaking to reporters, said fourth quarter earnings would124 words
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Article77 1977-05-03 5 LONDON, Mon. —The Mexican Government development agency Nacional Financiera plans to place privately six million Bahraini dinars of notes, due 1982, Kidder, Peabody International said. Coupon Is expected to be 8 3/4 per cent, while an over-the-counter market will be maintained by Scandinavian Bank (Bahrain). Other memoers of77 words
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Advertisement185 1977-05-03 5 One source of expertise and supply, one source of service... for the building construction and engineering industries of Singapore. Co-ordination is extremely important in the planning and construction of any modern building it can mean savings of both time and money and can avoid the inconvenience of having to contact185 words
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Article, Illustration1527 1977-05-03 6 LESLIE MILLER - SOUTH America which is a strong competitor in the run for Japanese investments is trying its hardest to modernise. Argentina, for instance, is determined to pull itself up' by the boot-straps, even if it means a lower standard of living for its people. Even1,527 words
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320 1977-05-03 6 THE Gross National Product of OECD nations should rise by an average five to six per cent this year. Industrial production should go up by about seven per cent. This Is the prediction of the Bank of England In320 words
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Article, Illustration903 1977-05-03 6 GREGORY JENSEN - By GREGORY JENSEN "A blowout in the North Sea is expected, on the worst case, to be of the order of 10,000 tonnes a day and must be expected to last for 100 days or more." Norwegian research report, August, 1976. THE miraculous thing about the blowout903 words
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Advertisement25 1977-05-03 6 I I I A i found only in the -.>s• I i -r 1 > T 4 (1 A i 1, f I 4 r I «%>25 words
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Article, Illustration1330 1977-05-03 7 COLIN BICKLER - ASIA'S HUNGRY MILLIONS By COLIN BICKLER Reuter ASIA'S millions may not have enough to eat by 1985 without a thorough review of foreign aid programmes and development strategies, according to a survey by Asian Development Bank experts. Some countries face Increasing unemployment and adverse trade terms and Asia generally hasReuter - 1,330 words
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Article, Illustration978 1977-05-03 7 ANTHONY McDERMOTT - By ANTHONY McDERMOTT FT SAUDI ARABIA and Kuwait, two of the richest and most influential of the countries in West Asia, are facing problems created by the ill health of their rulers. King Khaled of Saudi Arabia and Sheikh Sabah al Salem al Sabah,FT - 978 words
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611 1977-05-03 7 A BAUDET - By A BAUDET UPI ANYONE with an environmental problem governments, corporations, the public at large can now consult the IRS. The Initials do not refer to the Internal Revenue Service, the tax collector In the United States, but to the International Referral System,UPI - 611 words
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1054 1977-05-03 8 NYT NEW YORK. Mon. No sooner had the Government asked a federal court In Chicago last Thursday to force members of the oilrich Hunt family to liquidate their allegedly excessive holdings of old-crop soybean futures contracts, than commodity traders started asking questions. HighNYT - 1,054 words
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414 1977-05-03 8 Reuter NEW YORK, Mon. The American Mining Congress (AMC) proposal for national stockpiles, which Is being used as a model for a bill being drawn up by Senator James McClure would probably result In the Government buying some silver, but not any copper,Reuter - 414 words
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133 1977-05-03 8 Reuter MOSCOW, Mon. Soviet sowing of grain and other spring crops Is lagging behind last year's levels, apparently because of recent heavy rain, Western farm experts said here. Latest Soviet figures show that for the period up to April 25, spring cropsReuter - 133 words
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115 1977-05-03 8 Reuter WASHINGTON, Mon. A forecast of 1.74 million tonnes for Malaysian palm oil production In 1977 has been revised downward to around 1.5 to 1.6 million. A US Agriculture Department (USDA) field dispatch from Kuala Lumpur reports. It said 1977 production Is still affectedReuter - 115 words
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Article57 1977-05-03 8 Reuter BUENOS AIRES, Mon. Agriculture Secretary Mario Cadenas Madarlaga urged farmers to centre their 1977/78 sowing Intentions on oilseeds rather than on wheat and grains, to meet domestic and international consumption trends. He told the Argentine Agrarian Cooperatives Federation (FACA) annual meeting here farmers should expand plantingsReuter - 57 words
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826 1977-05-03 8 FT LONDON. Mon. Fanners Lobbying MPs over the pig Industry have a depressing case. According to the Meat and Livestock Commission, farmers have been losing money on pigs since last July, and these losses have become progressively worse. In March, theFT - 826 words
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146 1977-05-03 8 Reuter MANILA, Mon. A Government-sponsored coconut food pilot In central Philippines has developed a method for aqueous (non-copra) processing of coconut meats to produce quality oil, high protein products and residual by-products, the official Philippines News Agency (PNA) reported. It said about 35 million pesos wouldReuter - 146 words
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163 1977-05-03 8 WELLINGTON, Mon. Figures released last week by the New Zealand Wool Marketing Corporation revealed China entered the New Zealand wool market for the first time this season In February with a major purchase of 20,857 bales. Another substantial purchaser was the Soviet163 words
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114 1977-05-03 8 Reuter WASHINGTON, Mon. The US Agriculture Department (USDA) said cotton Industry leaders from 11 countries will attend the 18th universal cotton standards conference In Mem-t phis, Tennessee, on May 10 and 11. The conference meets every three years under the universal cotton standards agreement.Reuter - 114 words
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COMMODITY REPORTS AND PRICES
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Article145 1977-05-03 8 LONDON, Mon. Terminal rubber closed a quiet morning 0.05 pence (near Jly at 52.95 pence) to 0.40 pence down from Friday. The 70 lots of 15 tonnes traded included 27 kerbs and one Jan/Mch 1979 call option at 67 pence premium 14.50 pence. The tone was quietened slightly145 words
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Article98 1977-05-03 8 LONDON,. Mon. Tin finished with gains of £15 all round In both contracts in the morning. The Initial pre-market was subdued by the drop at Penang on Saturday, dealers said. However, values quickly steadied and thereafter were well maintained in sympathy with the general trend in base metals.98 words
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Article97 1977-05-03 8 LONDON. Mon. Silver registered gains of 2.0 to 3.0 pence per troy ounce in the morning. Values were marked higher initially, reflecting the gains at New York, dealers said. Thereafter prices fluctuated narrowly in modest trading with the steadiness in sold and the bullion dealers fix supporting lhfluences. Three97 words
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Article63 1977-05-03 8 HONOKONO Mon. Gold closed HK$3.7O lower at $822 today per tael, while the international gold price closed at USS 147.50/147.90 against last Saturday's 148.20/148.70, billion dealers said. I The metal opened slightly lower than Saturday's close and eased further on proflt- taking, with fluctuations between $826.20 and $821.60 in63 words
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Article129 1977-05-03 8 LONDON, Mon. Copper wirebars gained £0.50 per tonne for Cash and £2.50 for Three Months in the morning. The very steady New York close supported the market initially with moderate covering upto £918 per tonne before profit-taking and liquidation developed following trade reports of a settlement at Noranda, dealers129 words
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Article53 1977-05-03 8 LONDON, Mon. Zinc closed unchanged for Cash and £0.75 up for Three Months In the morning. The market held basically steady in sympathy with the general trend although trading was very thin. Three Months traded at 1392 In the Ring and at t'393 on the Kerb with only 52553 words
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Article104 1977-05-03 8 LONDON, Mon. Terminal in the morning opened barely steady, £0.90 to £1.20 down from last Friday afternoon levels. Sales totalled 815 lots. Dealers said the main talking point was the record delivery of 5,800 lots on Friday against the New York "number 11" May contract which is believed to104 words
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Article89 1977-05-03 8 LONDON, Mon. Lead closed with gains of £1 per tonne for Cash and £0.25 for Three Months In the morning. Overall steadiness reflected the trend In copper, the continued strike at Broken Hill's Port Plrle plant and the unsettled Comlnco situation, dealers said. Also giving support was the tight89 words
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Article143 1977-05-03 8 LONDON, Mon. Local dealer liquidation and stoploss selling made for opening losses against last Friday's close of £80 to £99 per tonne. The official market tone was barely steady and 612 lots were traded. July lost £80 at £3,490 after opening at a high of 13,540 and then trading143 words
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Article116 1977-05-03 8 HONGKONG, Mon The rice market was quiet today, with prices down 20 cents to $1. The day's turnover totalled 315 tons comprising Thais 102 tons, Kwangtungs 172 and Australlas 41. Arrival was from Thais 485 tons. Thai White: 100 per cent old crop Ist class 100.00 N 2nd 98116 words
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MONEY AND EXCHANGES
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Article186 1977-05-03 8 LONDON, Mon. Most of the Impact of declining short-term British Interest rates, after the Bank of England cut its lending rate to 8.25 per cent from 8.75 on Friday, is being felt in forward markets where sterling's discount is contracting steadily, dealers said. The guilder retreated to 2.4495/4510 to186 words
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Article147 1977-05-03 8 Euro rates London. Mon. Time deposit rates firmed as much as point reflecting some follow through support from Friday and the rise In Fed funds to 5 V* per cent, dealers said. The apparent non-inter-vention by the Fed when the rate passed the five per cent level was seen as147 words
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Article33 1977-05-03 8 Frankfurt exchanges opening quotes on May 2. US 2.3537/47 2.3537/43) Can 2.2520/40 UK 4.045/055 Neth 96.100/225 Swltz 93.50/65 Italy 2.652/602 France 47.47/57 Norw 44.65/73 Belg com 6.537/547 Bel fin 6.52/53 Japan 0.8460/7033 words
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Article59 1977-05-03 8 Minimum lending rates (in ACBC 1 First Chicago 6%» Algemene Bank Bangkok Bank Bank of America Bank of China.. Bank of tokyo 6* 7 6* 7 6* Citibank 6% HSBC 7 Indosuez 6*i Malayan Banking 6\ Mitsui Bank Bank Negkra Indonesia 7 OCBC OUB Chartered Bank Chase MinhtttAi a* 159 words
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Article184 1977-05-03 8 HONGKONG, Mon. The US dollar firmed against the major European currencies, the yen and the Hongkong dollar, due to firmer US interest rates and expectations US rates will raise further, dealers said. The US unit rose to a late 2.4440/60 guilders from 2.4384/96 in New York, and to 2.3525/35184 words
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Article145 1977-05-03 8 TOKYO, Mon The dollar for overnight delivery closed In fairly active trading at 278.25 yen compared with 278.00 at the opening and 277.50 yen at last Thursday's close after the market holiday, dealers said. Alter an initial rise which reflected the higher dollar level In overseas centres, the US145 words
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Article49 1977-05-03 8 AUSTRALIA/ NZ exchanges quoted on May 2 Australia: Sterling 0.6457/0.6387 US dollar 1.1066/1.1018 Ninety-day air mall buying rates: Sterling 0.6639 US dollars 1.1319 Ninety-day forward buy- ing rates: Sterling 0.6446 US dollars 1.0950 New Zealand: Sterling 0.5596/0.5565 US dollar 0.9669/0.9569 Ninety-day forward rate Sterling 0.5792 US dollar 0.984949 words
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Article22 1977-05-03 8 THE Singapore, Malaysian rubber markets and the Straits tin market In Penang were closed yesterday for the May Day holiday.22 words
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Article350 1977-05-03 8 LONDON, Mon. Straight bonds were generally 1/4 point easier in light trading, dealers said. They said operators are cautious following the Increase in the US short term interest rates and on fears the Federal Reserve has tightened US monetary policy. The deluge of new Issues still to be350 words
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Advertisement75 1977-05-03 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times I BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) i ->*§- BUSINESS TIMES Subscription Form Address:. Payment for is enclosed All subscriptions are payable in advance and should be75 words
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TRANSPORT AND COMMUNICATIONS
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629 1977-05-03 9 PARIS, Monday Reuter FRANCE has built a new combat aircraft designed to surpass the performance of America's most sophisticated fighters and the Soviet Foxbat. Rebuffed In 1975 when four Nato countries chose the US General Dynamics F-16 in preference to the MirageReuter - 629 words
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Article193 1977-05-03 9 UPI RICHMOND, (Indiana), Mon. A company that built the world's longest bus has broken Its own record and soon will be sending Its new 187-passenger model to Baltimore on Its way to Egypt. The Wayne Corp. was careful to state that the 19 metres long,UPI - 193 words
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412 1977-05-03 9 NEW YORK, Mon. NYT THE maritime tradition under which ships provide free assistance to other ships encountering emergencies on the high seas has been shattered by a Federal Court ruling here awarding US$9,OOO (Ss2l,£oo) to a British passenger liner for expenses in takingNYT - 412 words
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179 1977-05-03 9 AP HIROSHIMA. Mon. A disaster control ship described as the only one of its kind is under construction here for Sedco Company of the United States. The twin-hulled 20,000tonne vessel, christened Phillip* SS, will be delivered to Sedco at the end of July and towedAP - 179 words
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Article, Illustration159 1977-05-03 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Vllja (B. Barge) (0900tbc) 48 Kemlngau (after Sebarok sails) 20 Kimanls (after Sebarok haul Lumut sails) 21 CONTAINER PORT Adrian Maersk 51 Hakata Mary 50 Neptune Pearl 49 EXPECTED SAILING TODAY KEPPEL WHARVES Centaur (1500 45 Cherry Vllja (B. Barge) (2100 tbc)159 words
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Article260 1977-05-03 9 STARTINQ from today, Business Timet' transport page will carry a brief on a shipping line whose ships call at Singapore every Tuesday Thursday and Saturday. All the essential information relating to the particular line under the spotlight xcill be there and should be useful reference material260 words
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Article169 1977-05-03 9 LABUAN, Mon. A 10,000 tonne Greek vessel Fortina has become the first cargo ship to go Into lav up here. Senior marine officer, Captain James Anggang, navigated the ship to the anchorage last week and berthed It near the 12 oil tankers still169 words
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Article106 1977-05-03 9 Reuter WASHINGTON, Mon. Senator Warren Magnuson has dropped from his proposed shipping legislation a requirement that the share of United States flag tankers in oil Imports must rise to 30 per cent from four per cent by the early 1980's, an aide to the senator said TheReuter - 106 words
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Article38 1977-05-03 9 Reuter SANTA CLARA, (California), Mon. The French Postal Administration Is to install a newspaper page facsimile network for Parisbased newspapers to transmit page proofs to provlclal printing centres, the maker of the equipment announced here yesterday.Reuter - 38 words
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575 1977-05-03 9 NEW YORK, Monday UPI MOST people think of do-it-yourself as a way to save money and perhaps time, but when It comes to computer software It can be a way to pile up big losses. Take the case of a big MidwesternUPI - 575 words
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Article591 1977-05-03 9 ARRIVALS service Operator Number Loct, Time 1 i From CAL TMA CI331 IL303B 0040 0215 %PE/HKO/KUL BEY/DXB/ BOM/KUL MAS PAA MH682 PA847 0S10 0690 KCH SFO/HNL/OUM SIA OIA OIA SQ211 OA980 GA908 1015 1030 1100 HLP HLP MES SIA RBA SIA MAS SQ240 BI325 SQ201 MHS84 1140591 words
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Advertisement117 1977-05-03 9 A wealth of answers to scientific phenomena LEFE SCIENCE i.utiuitv 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 human117 words
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199 1977-05-03 10 Reuter BANGKOK, Mob. The Board of Trade of Thailand forecast ia its weekly bulletin that demaad for aatnral rubber will rise before duly. It eaid importing countries are expected to replenish stocks before the Par Eaetera Freight Conference raises freight rates in July,Reuter - 199 words
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Article199 1977-05-03 10 SINGAPORE will have Its 24th offshore bank today when the Canadian Imperial Bank of Commerce (CIBC) opens Its doors for business. The bank has also been granted an Asian Currency Unit licence and 1s expected to take an active role in funding operations In Singapore, Indonesia,199 words
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Article66 1977-05-03 10 UPI DACCA. Mon. Official talks to work out details on settlement of the question of water sharing between Bangladesh and India will be held in New Delhi beginning May 6. Unofficial reports said the Oovernment would announce the meetings shortly. The two countries had reached a temporaryUPI - 66 words
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128 1977-05-03 10 Reuter TOKYO, MOn. Mitsubishi said It is asking its six major banks to accept repayment of 40 billion yen (***** million) In outstanding loans, in view of reduced fund requirements at affiliates undergoing rationalisation, and In order to lower the overall Interest burden, aReuter - 128 words
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Article95 1977-05-03 10 BAHRAIN Foreign Minister, Shaikh Mohamed bin Mubarak Al-Khallfa, arrived here yesterday for a four-day official visit to promote economic and trade relations between the two governments, according to Bahrain official sources. The delegation also Includes the Commerce and Agriculture Minister, Mr. Hablb Oassim. and the director of95 words
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Article769 1977-05-03 10 LONDON Mon. The stock market closed generally easier after a quiet session, dealers said. At 3.00 p.m. the Financial Times Index was down 2.0 to 430.8. Government stocks finished unchanged among longs while shorts were occasionally 1/16 easier In little Interest. Some leading equities drifted a penny or769 words
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1085 1977-05-03 10 SINGAPORE'S ambitions as a major International air freight centre may be greatly Jeopardised if steps are not taken soon to reveal detailed plans for air cargo facilities at the new Changi International airport to Its potential users. Despite attempts by the Freight Forwarders Association1,085 words
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412 1977-05-03 10 Reuter HONGKONG, Mon. Nomura International (HKf and Nomura Research International said Japanese Finance Ministry approval for individual Japanese investors to Invest In other Asian stock markets may be realised around the middle of this year. Japanese Individual investors may thus start investingReuter - 412 words
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Article194 1977-05-03 10 Reuter TOKYO, Mon. Mr. Toshio Komoto, chairman of the Policy Research Board of the Liberal Democratic Party, called for a further one point cut in the official discount rate of the Bank of Japan to four per cent to help the Japanese economy achieve itsReuter - 194 words
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Article285 1977-05-03 10 UPI TOKYO, Mon. Japan's Upper House of Parliament today unanimously passed legislation expanding its territorial waters to 19 km from the present five km and establishing a 320 km fishing zone off its coast. The Government said the extensive fishing zone is designed toUPI - 285 words
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311 1977-05-03 10 KUALA LUMPUR, Mon. The total number of registered Job-seekers in Malaysia in February totalled 122,202, 1,738 more than January's total. Figures released by the Manpower Department showed that of this number, 112,698 were in Peninsular Malaysia, with Selangor recording the largest number of 28,137311 words
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Article221 1977-05-03 10 KUALA LUMPUR, Mon. The five-month-long drought experienced by Kedah and Perils the worst in many years has been broken in placet but uncertainty still looms over some 21,000 hectares of affected padl fields. Slight to heavy rain has fallen over scattered placet. Including the Muda and221 words
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173 1977-05-03 10 Reuter TOKYO, Mon. Japan's external reserves rote by US$32O million (Ss7B7 million) in April to $17.32 billion, compared to $14.94 billion a year earlier, the Finance Miniatry said. Finance Ministry sources •aid they believe Jspan had another current account balance of payments surplus inReuter - 173 words
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648 1977-05-03 10 SINGAPORE will know by the end of this month whether Italy and the Netherlands have succeeded in wilting the future of Its orchid exports to the European Economic Community. This Is when the EEC will receive a report from a committee set648 words
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542 1977-05-03 10 AP NICOSIA, Mon. Despite the mediation efforts of Venezuelan President Carlos Andres Perez, there is no sign of a compromise in the oil price dispute among members of the Organisation of Petroleum Exporting Countries, (Opec) the Middle East Economic Survey reported today. "ProspectsAP - 542 words
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Advertisement200 1977-05-03 10 Give us a man for a moirthwe'lgivehima language for life Hhgua 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 language200 words
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