The Business Times, 6 May 1977

Microfilm: NL9307
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 FRIDAY, MAY 6, 1977 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Wholesale prices up
      62 1 Reuter SINGAPORE'S wholesale price Index (base 1074) rose in February to 109.4 from 108.0 In January and 103.9 In February last year, Statistics Department figures show. The index of Singapore manufactured products rose to 108.5 In February from 107.9 in January and 102.0 in February 1976 while
      Reuter  -  62 words
    • Article
      Water rationing plans
      37 1 KUALA LUMPUR, Thurs. The Selangor Waterworks Department has drawn up plans for water rationing as the water situation at the Klang gate dam is still critical, its director, Mr. Low Theng Heng, said today.
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    • Article
      Lock icon Suharto gets rigging report
      71 1 Reuter JAKARTA, Thurs. President Suharto today studied a report claiming widespread ballotrigging during last Monday's general elections which gave the military-backed Golkar movement a mandate to rule Indonesia for another five years. The written report was hastily compiled by the leadership of Golkar's main rival, the
      Reuter  -  71 words
    • Article
      Lock icon Swiss M-1 falls
      42 1 Reuter ZURICH, Thurs. Switzerland's narrowly defined Ml money supply fell 0.79 per cent In February to a provisional 49.2 billion francs (5547.7 billion) to stand 9.1 per cent above the level a year previously, National Bank figures show. Reuter
      Reuter  -  42 words
    • Article
      By rail to Haadyai
      36 1 KUALA LUMPUR, Thurs. The Malayan Railway will introduce a connecting SingaporeKuala Lumpur-Haadyai service with a return fare of Ms7o each beginning from May 26, Its director of commerce, Mr. T. Antolne, said.
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    • Article
      Lock icon Return of inflation?
      68 1 UPI WASHINGTON, Thurs. US wholesale prices rose 1.1 per cent for the second straight month in April, promising a resurgence of inflation for American consumers, the Labour Department reported today. Food and fuel prices were blamed for the April surge. The increase reflected an annual inflation rate
      UPI  -  68 words
    • Article
      Lock icon Larger issue
      51 1 Reuter HONGKONG, Thurs. The amount of the eight-year bond Issue by Hongkong Land International, Bermudian subsidiary of Hongkong Land, has been raised to HK$3OO million (SslsB million) from $250 million and the coupon cut to 7'/« per cent from the expected 7% per cent, bond market sources said.
      Reuter  -  51 words
    • Article
      Lock icon Dow Jones
      110 1 UPI NEW YORK, Thurs. Stocks headed lower early today in active trading of New York Stock'* Exchange Issues in reaction to a government report that wholesale prices rose sharply for the second consecutive month. Just as the market opened, the Labour Department reported that the April wholesale price
      UPI  -  110 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      158 1 BULLISH condition! ruled again at the Stock Exchange of Singapore yesterday as bargain-hunters went on another buying spree. Share price* roae sharply in the fairly hectic trading. At the close, the Business Times index rose 6.35 points to 266.90 and the Straits Times Industrial index 1.74 points
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    • Article
      In Kuala Lumpur
      107 1 Rises Most active C. Sugar* lat. Wood 2.20 .22 General Lumber ...1.243.000 1.10 .15 Central Sugars 630,000 0 C.B.C. 6.85 .15 Haw Par 434 (100 F.E. L'Mm 2.76 .10 Malayan Credit 170,000 G. Lumbtr 0.88* +.0® Total Turnover: 3.94 11 CaadC 2.01 .08 Total Value: >185.93 If
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  • Article
    Western unions told: Live and let live
    947 1 LEE: DONT MAKE LIFE HARD FOR POOR MR. Lee Kuan Yew yesterday reminded trade unionists In industrial countries that when they demand protection against imports, they are transferring their relatively minor hardships onto the workers of developing countries, but the effects will be
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  • Article
    Profits: SI A sets its sight lower in' 77
    761 1 SINGAPORE Airlines appears to be expecting profits to stagnate tor the current financial year. In the latest Issue of Outlook, the airline's house magazine, Its director of finance, Mr Lucas Llew, detailed SlA's budgeted expectations for the year and came up
    761 words
  • Article
    Money supply grew in March
    265 1 DOMESTIC liquidity expanded as a result of Increased bank credit to the private sector, Including export financing, and was the main Influence on the Ewth of money supply In rch. The latest monthly statistics of the Monetary Authority of Singapore suggest that domestic liquidity In
    265 words
  • Article
    Finance firms inch upwards
    228 1 FINANCE companies In Singapore showed small all round Increases In March this year. Figures Just released by the Department of Statistics show the Industry's March deposits Increased only two per cent to 91,230 million from February's 11,307 million. Loans and advances were up 1.3 per cent
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  • Article
    IMF nets US$56m in gold auction
    271 1 WASHINGTON, Thurs. The International Monetary Fund said it auctioned 524,800 ounces of gold at an average price of U*****.02 (*****.4) per ounce. The IMF said accepted bids ranged from a low of $147.33 per ounce to a high of $150.28 per ounce. The IMF
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  • Article
    Lock icon The worst coffee shortage will hit world in Sept
    257 1 UPI SAN SALVADOR (EI Salvador), Thurt. The wont coffee shortage of thia century will hit the world by the end of September, the director of the Mexican Coffee Institute, Mr. Fausto Cantu Pena, said today. "By the end of September there
    UPI  -  257 words
  • Article
    Lock icon Union Oil to stay
    53 1 AP JAKARTA, Thurs. Union Oil of California will maintain Its operation in Indonesia because the investment climate is proper, company president Alfred Hartley said today. Mr. Hartley told reporters following a meeting with President Suharto that Union Oil has Invested US$7OO million (551,722 million) in Indonesia
    AP  -  53 words
  • Article
    Lock icon Another 3 pc increase in price of Saudi oil?
    511 1 UPI Reuter AP BEIRUT, Thurs. Saudi Arabia has agreed In princi?>le to raise Its oil price by a urther three per cent in return for an Iranian pledge to scrap a planned price Increase In July, the newspaper A 1 Anwar
    UPI; Reuter; AP  -  511 words
  • Article
    GROUP EARNINGS OF NST FALL
    139 1 NEW Straits Times Press (Malaysia) yesterday reported that group pre-tax profit (ell by nine per cent to M 54.77 million for the first six months ended Feb 28, 1977 as a result of losses Incurred by Its subsidiaries. The losses offset the continued growth In
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      Page 1 Advertisements Column 1
      13 1 IS DE SUVA f tor FOR IE JEWELS lAMONDS GEMS SEE PAGE 10
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      103 1 Copy large size originals on one sheet, size for sizeno trimming, no sticking together. Xerox 3103 No matter what the originals. Up to 14" by 18" or 356 mm by 457 mm. Soiids. Half tones. Or pale blue. The Xerox 3103 gives perfect reproductions. Every time. Size for size. On
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      Page 1 Advertisements Column 3
      3 1 SEE BACK PAGE
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    • Advertisement
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      168 1 am, I Put your idle cash to work with American Express International Banking Corporation Whether you do business in one currency or a dozen, at a single location or around the world: We can put your cash to work for you. More than half a century of international banking experience
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      Page 2 Advertisements Column 1
      278 2 Our worid bankers workaround the world, around the dock. V fc.-.:' 7 IMM safest* Y^V? Ki I H A mmMmm [\v\ Kit I f tL..: u r*T K. W J\ sua >' -"A f &'*i C, 1 k" 1 -^tv<«*» I 2L~ z;<• M mm.«*>• ?#P'Swl --I: /'x:,' M XS
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  • OVERSEAS
    • Article
      Lock icon 'Convert fund for Rhodesia into a package'
      315 3 Reuter WASHINGTON, Thurs. A key congressional panel recommended yesterday that a proposed fund to ease the transition to black majority rule In Rhodesia should be used instead as an economic aid programme for black Southern Africa countries. The recommendation on the Anglo-American proposal
      Reuter  -  315 words
    • Article
      Lock icon Joint move on Rhodesia soon
      106 3 Reuter WASHINGTON, Thurs. The US and Britain will decide by the middle of this month on how to proceed with a joint Initiative on Rhodesia, Secretary of State Cyrus Vance said. He said he would have talks on the subject with British Foreign Secretary David
      Reuter  -  106 words
    • Article
      Lock icon Schmidt's summit hope
      73 3 Reuter BONN. Thurs. West German Chancellor Helmut Schmidt said in a television interview he hoped this weekend's London summit would lead to an Increase in general economic confidence. "I think, for example, that confidence can be strengthened if everyone can see that we are all pulling together,"
      Reuter  -  73 words
    • Article
      Lock icon 'Dangerous to rely on W Asian oil'
      645 3 U.S. WARNED OF GRAVE RISKS AP WASHINGTON, Thurs. President Carter's secretaries of state and defence told Congress yesterday the United States faces serious military and diplomatic problems unless it quickly reduces its reliance on West Asian oil. Earlier, Mr. Carter told members of
      AP  -  645 words
    • Article
      Lock icon Blumenthal sees 7pc real growth
      427 3 Reuter AP NEW YORK, Thurs. US Treasury Secretary Michael Blumenthal said he Is reasonably optimistic about the economy, adding he anticipated second quarter 1 growth will be at an annual rate of seven per cent In real terms. He told a news conference here US
      Reuter; AP  -  427 words
    • Article
      Lock icon Level of '78 budget spending for France
      310 3 Reuter PARIS, Thurs. France's 1978 budget will be presented In balance with spending less than 11.5 per cent higher than the current year, presidential spokesman Jean-Phlllppe Lecat said. After the Cabinet meeting he told reporters this would give spending of around 394 billion
      Reuter  -  310 words
    • Article
      Lock icon BONN RESERVES UP
      304 3 Reuter FRANKFURT, Thurs Germany's net monetary reserves rose by DMIOO million (Sslo4 million) to just under DM85.5 billion In the week ended April 30, Bundesbank said. Net currency reserves rose by DMIOO million to just under DM73.8 billion while non currency reserves were again unchanged at DM11.7
      Reuter  -  304 words
    • Article
      Lock icon YIELD ON U.S. TREASURY BONDS
      199 3 Reuter WASHINGTON, Thurs. The average effective yield on US$l billion (552.46 billion) of 29V* year bonds auctioned by the US Treasury was 7.77 per cent when the bonds are held to maturity, the US Treasury said. The bonds carried a coupon rate of 7.625 per
      Reuter  -  199 words
    • Article
      Lock icon Personal use of firms' assets probe
      240 3 FT NEW YORK, Thurs. A wide-ranging Investigation is being conducted by the US Securities and Exchange Commission (SEC) and the Internal Revenue Service (IRS) into the extent to which corporate executives are using their company's funds or equipment for personal gain. SEC officials have
      FT  -  240 words
    • Article
      Lock icon 10,000 in Sweden to strike on May 13
      183 3 UPI STOCKHOLM, Thurs. Unions representing 1.3 million blue and white collar workers yesterday rejected a proposed new central wage agreement and announced 10,000 employees In sensitive areas including transport will stop work from Friday, May 13. The strike will paralyse domestic air
      UPI  -  183 words
    • Article, Illustration
      Lock icon Union stand dashes hope for a wage deal
      372 3 Reuter LONDON, Thurs. The decision by the 52-man national committee of Britain's Amalgamated Union of Engineering Workers (AUEW) to demand a return to free wage bargaining from next August virtually rules out a continuation of the agreement on voluntary pay restraint, senior
      Reuter  -  372 words
    • Article
      Lock icon Swedish GNP slowdown?
      107 3 Reuter STOCKHOLM, Thurs. Sweden's gross national product will rise by less than one per cent this year against 1.5 per cent In 1976 compared to a four to 4.5 per cent 1977 ONP growth In the major non-communist countries, the Economic Affairs Ministry said. Swedish Inflation this
      Reuter  -  107 words
    • Article
      Lock icon Uranium plot documents for House panel
      330 3 AP WASHINGTON, Thurs. A federal court Judge yesterday ordered documents turned over to a House of Representatives subcommittee which allegedly show the involvement of Gulf OU Corp. In an International uranium price-fixing conspiracy. US District Judge Oeorge Hart lifted a temporary restraining order which
      AP  -  330 words
    • Article
      Lock icon Latin America left out in the cold
      201 3 Reuter BUENOS AIRES, Thurs. Wealthy countries do not appreciate the Importance of Latin America to world economy, Inter-American Development Bank president Antonio Ortiz Mena said here. He told Argentine and foreign officials, bankers and businessmen at the central bank headquarters that this lack
      Reuter  -  201 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      180 3 Your Dream Home Countryside Apartments in the Heart of The City. Ready for your Immediate Occupation. Serene surroundings. Linked with the Botanic Gardens. Extremely Artistic Design coupled with your Ideal Planning. Over 5 1 /fc Acres (22,257m 2 of Land for only 72 units of Apartments serviced by as many
      180 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      256 3 RADIO TV SINGAPORE 5 3.00 P.M. Opening Announcements followed by Housewives' Matinee The Wild Girl (r) with superimposed English/ Chinese subtitles (Pt. 2 of a Mandarin film). 3.50 Diary Of Events (Chinese) 3.55 Window (Chinese) (r) 4.20 Intermission 6.10 Opening Announcements followed by Exercise with Gloria 6.30 News in Brief
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    • Miscellaneous
      Page 3 Miscellaneous Column 2
      50 3 m WEATHER report for 24 hour* prior to 7.30 p.m. on May S at Singapore airport. Maximum Temperature 3S.I*C Associated Humidity 62 Minimum Temperature 24.5* C Associated HumkUty 96 Hours of Sunshine 3.45 Rainfall in Millimetres 1J Total Rainfall for the Month 3.0 Total Rainy Days for the Month 2
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    • Miscellaneous
      Page 3 Miscellaneous Column 3
      15 3 BriStcW frfcJtlkctens] r?5 25*5 ST iJt** OM rue gontrprn/ ftu. THC mooe: Ppg TbmOTO i«£
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  • COMPANY MEETINGS
  • Article
    DIVIDENDS ANNOUNCED
    624 4 Canst Ex Data Dale payable Total far the rear Total far RenongTia 15*1 Apr 14 MayS 15HI 50% Gen ting Highlands 7.5%TE Apr 5 May 7 12.5HTE 12.5HTE Cmm. PluUtkM 35%I AprS May 9 35HI S0H Central Sugars SHI April May 10 SHI NU AohamTin 10%I Apr4 May
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  • Article, Illustration
    Straits Steamship set for expansion
    1715 4 WITH its reorganisation programme completed and Broflt growth areas Idenfled, Straits Steamship has embarked on an expansionary phase in the current year ending Dec 31, 1977. For according U> chairman, Mr. Raymond C. Wurtzburg. 1976 was "a year in which Straits completed one phase of
    1,715 words
  • Article
    Recovery at Taiping Textiles continues
    356 4 HAVING turned the corner at the Interim stage after the battering in 1975, Taiping Textiles moved further along the recovery track to post a net profit of $1.72 million for the year to December last, against a loss of $2.55 million previously. The net profit
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  • LATEST RESULTS
    • Article
      BOUSTEAD HOLDINGS BHD.
      72 4 Unaudited group pre-tax profit M 58.66 million ($5.74 million) on turnover $72.57 million ($56.35 million) for the year ended Dec 31, 1970. Depreciation $744,000 ($645,000), taxation $4.44 million ($2.56 million), minority Interests $971,000 ($820,000) and extraordinary gain $57,000 (loss $107,000). Parent company pre-tax profit $3.12 million ($3.01
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    • Article
      MALAKOFF BHD. —
      52 4 MALAKOFF BHD. Unaudited pre-tax profit M 54.06 million ($2.48 million) on turnover $21.92 million ($16.75 million) for the year ended Dec 31, 1976. Depreciation $480,000 ($424,000) and taxation $1.76 million ($742,000). Final dividend six cents payable June 14. Total distribution 11 cents. The comparative figures are for the old UK
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  • Article
    CHICAGO BOARD OPTIONS
    1270 4 On May 4 TRADING In options on the Chicago Board Options Exchange on Wednesday came to 09,208 contracts compared with 103,061 on Tuesday. OPTION JLY OCT JAN STOCK AlCM Alcoa Am Tel Am Tel Am Tel AUR AUR Avon Avon Avon Bank Am Bank Am Ban Am
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  • Article
    Success at last for Mona Garments
    389 4 KUALA LUMPUR: A German textile factory In the Tanjong Kllng free trade zone, seven miles from Malacca town, which has changed hands three times, is today one of the biggest textile factories In Malaysia. Mona Garments Malaysia, as it is now known, produces shirts
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      252 4 Nn Issue This adverlisemenl appears as a mailer ol record only Mar4,t»rr REPUBLIC OF SINGAPORE DM 100,000,000 6 1 />% Bearer Bonds 1977/1983 Issue Price: 100 DRESDNER BANK COMMERZBANK AKTIENGESELLSCHAFT AKTIENGESELLSCHAFT BANOUE DE PARIS ET DES PAYS-BAS CREDIT SUISSE WHITE WELD DEUTSCHE BANK LIMITED AKTIENGESELLSCHAFT THE DEVELOPMENT BANK OF SINGAPORE
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  • Article
    Lock icon Dunlop plans rights issue
    180 5 Reuter LONDON, Thurs. Dunlop Holdings said it plans to raise about £28.5 million through a one-for-three rights issue at 83 pence per share. The company said It proposes to issue 32.77 million shares. It plans to recommend dividends totalling 5.3 pence for 1077, an increase of
    Reuter  -  180 words
  • Article
    Lock icon Mitsubishi strike ends
    83 5 Reuter TOKYO, Thurs. Mitsubishi Metal said workers at its selenium refinery In Osaka, Western Japan, returned to work yesterday following agreement between the union and management on a monthly wage Increase of 11,500 yen. The union called off the indefinite strike which started April 20 and threatened
    Reuter  -  83 words
  • Article
    Lock icon GKN anticipates Sachs ruling
    483 5 Reuter LONDON. Thur*. Quest, Keen and Nettlefold hopes to learn the outcome of the West German Supreme Court hearing on Its plans to take a further 90 per cent of Sachs In July, chairman Mr. Barrle Heath said. He told a press conference on the annual
    Reuter  -  483 words
  • Article
    Lock icon Grumman violations
    273 5 UPI WASHINGTON, Thurs. Orumman said yesterday "a limited number of overseas sales of commercial aircraft" may have involved violations of company policy, apparently in connection with questionable payments. Orumman did not specify in a two-sentence report to the Securities and Exchange Commission what the questionable transactions Involved or
    UPI  -  273 words
  • Article
    Lock icon Justice Dept charges against Simplot
    190 5 UPI WASHINGTON, Thurs. The Justice Department rterdav charged Mr. John Simplot, one of the nation's biggest industrialists, and two of his corporations with falling to report more than US$l million on federal income tax returns. Attorney general Mr. Griffin Bell said an eightcount criminal Information
    UPI  -  190 words
  • Article
    Sumitomo Finance
    55 5 LONDON, Thurs. Sumitomo Finance International said the US$l5 million of floating rate three-year Eurodollar Certificates of Deposit for Bumltomo Bank were quoted yesterday at 99% 100 on the first day of trading. This issue is among the first floating rate C.D. offered in the Eurodollar market. The price
    55 words
  • Article
    Lock icon Ranger uranium agreement
    232 5 Reuter MELBOURNE, Thurs. The Ranger partners, Peko Wallsend and Es Industries, reached agreement with two Japanese utilities on all matters of uranium supply expect price, Ez said in a statement. Reuter reported from Tokyo yesterday the Ranger partners failed to agree with Kyushu Electric Power and Chubu
    Reuter  -  232 words
  • Article
    Lock icon Audi Auto hopeful
    112 5 Reuter MUNICH. Thurs. Volkswagenwerk subsidiary Audi Nsu Auto Union expects parent company turnover this year to rise 30 per cent to around four billion marks, with production reaching 330,000 units (260,017), board chairman Mr. Gottlieb Strobl told reporters. Audi posted a 1976 net profit of 55.2 million
    Reuter  -  112 words
  • Article
    Lock icon VMF- Stork reorganisation will affect results
    159 5 Reuter AMSTERDAM. Thurs. Verenigde Machinefabrleken Stork (VMFStork) said its 1977 financial result will depend to a large extent on reorganisation of its loss-making divisions. The company's plastics processing machinery, foundries, part of the engineering divisions and its Brazilian operations made net losses of 40
    Reuter  -  159 words
  • Article
    Lock icon Aquitaine, Vietnam oil contract
    139 5 Reutcr PARIS, Thurs.— Ste Nationale Elf Aquitaine and the Vietnamese state oil company, Petrovletnam, have signed a preliminary agreement to search for oil In a 12,000 sq km area of the south coast of Vietnam, Elf said. The final contract is expected to be signed this
    Reutcr  -  139 words
  • Article
    Lock icon S. Pacific proposal
    81 5 Reuter NEW YORK, Thurs. Southern Pacific expects to complete Its proposed acquisition of two rail lines of the Bankrupt Rock Island Railroad by year-end, chairman Mr. B.F. Biagglni told analysts. Mr. Blagelni said Southern Pacific hopes to file an application for the acquisition with the Securities and
    Reuter  -  81 words
  • Article
    ECSC
    36 5 LONDON, Thurs. The European Coal and Steel Community US$3O million, 7<*» per cent seven year issue will be priced at 99 per cent, Hill Samuel said. The subscription agreement will be signed today, it said.
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  • Article
    ITT recovery may hit record high
    319 5 ORLANDO, Fla, Thurs. International Telephone and Telegraph's continued recovery In domestic and 1 foreign operations show the 1 company may have a record < sales and earnings year In I 1977, chairman Mr. Harold Geneen said. < The company's previous i record net was
    319 words
  • Article
    Lock icon NKK raises carbon steel prices
    123 5 UPI TOKYO, Thurs. Nippon Kokan K.K (NKK), Japan's second biggest integrated steelmaker, said yesterday it is raising the prices of its rolled carbon steel by 8.4 per cent to 9.1 effective June. NKK said the prices of live main types of rolled carbon steel will
    UPI  -  123 words
  • Article
    Ford Motor
    45 5 LONDON, Thurs. The two-part Ford Motor Credit of Canada Cs4o million issue comprising $20 million of BV> per cent note due 1984 and $20 million 8* per cent notes due 1987 was priced at par and 99tt respectively, primary bond market sources said.
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      602 5 A Consolidated Balance Sheet-condensed-Aucti December 31,1976 DM (thousands) as of 31st December 1976-with comparative figures Cash in hand, Balance with Deutsche Bundesbank and on postal cheque account Bills discounted Balances with credit institutions Treasury Bills and medium-term Treasury Bonds Bonds Securities which have not to be included elsewnere Loans and
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  • Article
    Share Information Service
    2114 6 Gr'i Gr'i Nat 1*77 Last div Div y'M P/E Vol Day High Low Conpuy Safe +or- C'VT <'•09) High Law SECTION ONE INDUSTRIALS 144 136 Acma 142 12.ON 1.1 8.4 7.1 m 133 127 Acma A 128 -1 12.0N 1.1 9.3 6.4 4 129 128 204 204
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  • Article
    Transactions in Singapore
    1378 6 BID and offer price* officially listed and bualneaa In and reported to the Stock Exchange of aneaopre veaterdav frith the number of aharea traded shown In brackets In lota of 1000 units unless otherwise specified. All Time Settlement Contracts are 2uoted after the word "Sett." tig Board
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  • Article
    In Kuala Lumpur
    1186 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS Almim (1 908) (1) 1.89. A. CUM (0.70B) (1) 0.70. A.M.O.
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  • Article
    Stock options
    117 6 STRIKING prices of the stock options officially listed oa the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brachets. D.B.S. (June S3 90) (0.0655) (3 0.05. (3) 0.06 V,, (9) 0.06. lachcape (June $2.40)
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  • Article
    Unit trusts
    149 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' prices for May C) (Curraat price The Commerce 1.74 1 84 INCOME BOND .105 1.11 The Saving Fund 0 88 S'pore Prof Fund 0 80 0.94 0 85 MARA BUMIPUTRA FUND S pore Security Fund 1 45 (Maaafers' prices for May
    149 words
  • Article
    Domestic govt bonds
    152 6 BOTH 1/2* 1981 (100,000) (102 SB 103*8) D B S 8 1/2% 1982 (100.000) (1008 100V«S) DBS Converts C 1/2% 1991 (100.000) (97V48 98S) EIB 9% 1982 (100.000) (103 'iB 104 *S) E I B 8 1/4% 1963 (100.000) (IOOViB 101S) I B J 8 1/2% 1961
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  • Article
    Corporate bonds
    107 6 5 1/2% 1/4/78 (250.000) (101 458 101 555) 5 1/2% 15/4/78 (250,000) (101 458 101.555) 5 1/4% 15/7/78 (250,000) (101 458 101.555) 4 3/4% 1/5/79(250,000) (100.708 100.788) 7% 1/7/75 (250.000) (104.658) 5 1/4% 15/10/79 (250.000) (101.608 101 70S) 6 3/4% 15/S/8Q (250,000) (103.30B) 6 3/4% 1/12/80 (250,000) (103.30B)
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      Page 6 Advertisements Column 1
      414 6 THE GREAT BOOKS of the beautiful, durable bindings Is the M ;ord of the fundamental Ideas of I ■■111 I science history psychology fV BiW I MMM VWflftiftr Here in beautiful, durable bindings Is the whole record of the fundamental Ideas of mankind science, history, psychology, mathematics, theology, literature and
      414 words
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  • Article
    Bullish trend continues
    672 7 BULLISH condition* ruled yia at Ike Stock Exchange Singapore yesterday u bargain-hunters went on •ooond buying spree. Trading though still confined to the second and third liners was fairly hectic as the bullish build-up intensified. After the recent bearish spell, it would appear as if the aarhet
    672 words
  • Article
    Shares advance sharply at KLSE
    506 7 SHARE prices continued to advance strqpgiy In very active trading at the Kuala Lumpur Stock Exchange yesterday. The swift upswing, which took some stocks up by as much as 18 per cent, pushed the Malaysian Business Times Index up by 4.64 points to 215.73 points.
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  • Article
    New York
    1083 7 NEW YORK: Strength In blue chips and glamours kept the stock market advance going on Wednesday as prices closed broadly higher In active trading. Analysts attributed the upswing to recent US Government figures which show the business climate Improving. Last Friday, for example, the commerce department reported a
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  • Article
    Frankfurt
    301 7 FRANKFURT: Shares closed generally lower In lively trading falling on average up to two marks as a technical reaction to previous gains, market sources said on Wednesday. Among the few gainers, AEG rose 2.00 marks and BMW followed with 2.50 marks but otherwise In electrlcals Siemens, and In cars,
    301 words
  • Article
    Brussels
    171 7 BRUSSELS: The market was higher In fairly active trading, dealers said on Wednesday. Sidro, Electrmflna. Aaturienne. Vieille Monlifnt, Clabacq, Solvmy, CBR and Tabs CoAna rose. Acec was the only local issue to decline against the trend. French and Oerman stocks fell. UK issues tended higher and Dutch stocks were
    171 words
  • Article
    Milan
    164 7 MILAN: —The market closed generally easier after a selective opening, on Wednesday, mainly on cautious operator sentiment, dealers said. Leading Industrials closed at the day's lows, but Olivetti ordinary. was marginally higher, and Moatedisoa was unchanged Aj»icor»noni Gaaarall was firmer In Insurances, confirming past day's renewed Interest, while Mediobanca
    164 words
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    Amsterdam
    314 7 AMSTERDAM. —The market generally nrmed on Wednesday, with Akso leading Dutch Internationals 0.80 guilders firmer ahead of Its first quarter results on Thursday and Philips up 0.40 ahead of its first Quarter figures due Friday. ealers said. NMB fell 0.10 among otherwise firmer banks and Natiouie Nederlanden was unchanged
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  • Article
    Zurich
    298 7 ZURICH: The market closed generally weaker In active dealings. dealers said on Wednesday. BaakgM«l!acbaft led banks sharply lower, while Kraditan•talt closed only marginally easier. The weakness of bank shares was based on the statement of the Swiss cabinet hinting at a possibly stlffer official control of the banking sector,
    298 words
  • Article
    Toronto
    308 7 TORONTO: -Prices closed higher after a late afternoon rally. Trading was moderate. The composite Index was more than 1-1/2 points higher and advances led declines 205 to 170. Canadian Pacific gained 1/4 to 17-3/4 and Barber-Ellis of Canada A rose 1/2 to 27-1/2 after both reported Increased first quarter
    308 words
  • Article
    Jo'burg
    426 7 JOHANNESBURG: Golds eased throughout the day on Wednesday In thin trade ahead of the IMF auction dealers said. Financial minings were steady in quiet dealings, while in diamonds. De Been recovered an early loss of four cents to rule one cent higher at 433 Aoamint shed an early gain
    426 words
  • Article
    Sydney
    389 7 SYDNEY: Share prices continued to rise in active trading, with many selected stocks reaching new year highs, dealers said on Thursday. The Sydney All-Ordinaries index rose 5.85 points to 450.72. Pan Continental gained 60 cents to $13.90. Queensland Mines 13 cents to $2.48. Kathleen Investment* eight cents to 51.48
    389 words
  • Article
    Paris
    351 7 PARIS: The market moved sharply lower on Wednesday following an opinion poll which gave the left 56 per cent of France's popular vote and a speech by Deputy Finance Minister Robert Boulln saying the second phase of Prime Minister Raymond Barre's economic plan Is unlikely to help the bourse,
    351 words
  • Article
    Manila
    171 7 MANILA: The market opened generally strong on Thursday, as most issues advanced or held steady but later fell back on selling pressure, with only thte commercial sector remaining firm, while minings and oils declined fractionally, dealers said Atlas, Phi lex. Oriental and Basic Petroleum lost a point each In
    171 words
  • Article
    Hongkong
    411 7 HONGKONG: Share prices rose further In fairly active trading on Thursday, boosted by strong overseas markets and the success of Hongkong Land's bond issue, dealers said. The Hang Seng Index rose 3.02 points to finish at 445.04. Hongkong Bank rose HK2O cents to $17.70, Swire Pacific 15 cents to
    411 words
  • Article
    Indices
    72 7 FINANCIAL TIMES INDUSTRIALS Wednesday 440.0 Tuesday 428.0 Week ago 427.4 DOW JONES AVERAGE INDUSTRIALS Wednesday 940.72 Tuesday 934.19 Week ago 923.76 LONDON DOLLAR PREMIUM Wednesday 121*4 to 122* Tuesday 121 Vi to 122 H.K. HANG SENG Wednesday 442.02 Tuesday 442.75 Week ago 442 50 SYDNEY INDUSTRIALS Wednesday 359.22 Tuesday
    72 words
  • Article
    Higher sales boost Rio Tinto
    483 7 LONDON, Thurs. Rio Tlnto Zinc Is setting a pace, which the other mining houses will find difficult,- if not impossible, to match. According to investment analyst, James Capel the company's results for the year ended Dec 31, 1976 are certainly impressive with net earnings registering
    483 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      422 7 The Syntopicon 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 Syntopicon can guide your hand to the proper volume. Your eyes are directed to the right
      422 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Local and foreign rubber markets
      825 8 THE Singapore rubber market opened 1.50 cents firmer following higher overseas advices and advanced further on shortcovering and some forward enquiries, dealers said. A*, mid-session, however, prices slipped back slightly on sporadic profit-taking but advanced again towards the close though trading turned quiet, they said.
      825 words
    • Article
      Closing prices
      30 8 Rubber: May 5 Singapore: May 195.75 cU (up 3.2S cts.) Malaysia: May 197.25 cts (up 3.00 cts) Tin: $1,475 (up 17) Official offering: 294 tonnes (down 49 tonnes)
      30 words
    • Article
      Produce prices
      279 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk $105 sellers, old drum $110 sellers, new drum $115 Copra: Mixed (loose) UK/Cont. $70 buyers. Pepper Muntok ASTA white f.o.b. 100% NLW $397' i sellers. Sarawak white f ob 96% NLW $377". sellers. Sarawak special
      279 words
    • Article
      SSR and SMR
      102 8 May J use R.A.S. (Cw mt Mtk) Salter* it* par kg) (Forward Mtk) Huvrr Boywi (eaal laparkg) SSR 20 (1-ton Pallet) 184 00 195 00N 195 00 198 00N SSR SO (1—ton Pallet) 192 00 193.OON 193.00 194.OON M.R.E.L.B. SMR5CV (1—ton Pallet) 218 50 220 SON 230
      102 words
    • Article
      Silver
      215 8 LONDON, Thurs. Silver had losses of 2.7 to 1.9 pence per troy ounce. Values were marked down Initially following the decline at New York and lower gold this morning, trade sources said. Thereafter prices fluctuated narrowly as liquidation fresh selling prompted by nervousness over gold was generally well absorbed
      215 words
    • Article
      Palm oil
      111 8 THE following palm oil prlc«s wen prices are elf Rotterdam and are qu< e quoted In London on Wednesday. The 3 ted In US dollar per ton unless otherwise stated. r Malaysia 5% ffa bulk Wednesday m*. May/Jly unch 0TMr Sumatra 5% Apl May deleted unch 065pd 870N
      111 words
    • Article
      Gold
      403 8 IN the Singapore gold market yesterday, the kllobar was traded in the range of 8111,730 to $11,700. The loco London gold was stagnant at U8JU147.20/ 147.80 for most of tne day. The London morning fix was US$l47 down $1.10 from the previous fix. Source: Singmas Retail prices per tael
      403 words
    • Article
      Straits tin
      183 8 THE Straits tin price ln v Penang yesterday was up $7 to $1,475 on an official offering down 49 tonnes to 294 tonnes. In LONDON yesterday, tin fell by around £32 for Cash and £37 for Three Months In both contracts. Despite the rise at Penang and some
      183 words
    • Article
      Lead
      90 8 LONDON. Thurs. Lead closed with losses of £8.25 for Cash and £6 for Three Months In the morning. Values went up on the pre-market on nervous covering and fresh buying prompted by concern over the protracted strike at Broken Hill's Port Plrle plant, dealers said. The movement took Three
      90 words
    • Article
      Zinc
      54 8 LONDON, Thurs. Zinc eased by £4.25 for Cash and £3.50 for Three Months In the morning to follow the general decline. Dealers said some of the selling In later dealings was attributed to chartist operations; Three Months finished the ring trading at £394 and touched £393 on the kerb.
      54 words
    • Article
      Coffee
      349 8 LONDON, Thurs. Futures in .the morning ended an extended opening call around the session's lows but still with gains over last night of £65 to £10. 648 lots were traded. The official tone was easier. July traded within a range of £3,500 down to £3,470 finally closing £45. Dealers
      349 words
    • Article
      Soybeans
      230 8 CHICAGO, Thurs Soybean futures finished the session yesterday, with limit losses of 30 cents a bushel in old crop months and September and losses of 23 1/4 to 24 1/2 cents in other months. Profit-taking and speculative selling dropped prices quickly at the opening and there were early limit
      230 words
    • Article
      Wheat
      160 8 CHICAGO, Thurs. Wheat futures yesterday extended small early losses to finish the session three to seven cents a bushel lower. The declines took prices through the contract lows posted on Tuesdav. Prices were pushed lower by speculative selling in response to the sharp losses In soybean futures and the
      160 words
    • Article
      Copper
      345 8 LONDON, Thurs. Copper wlrebars finished with losses of £14 for Cash and £13 for Three Months In the morning. Values were undermined by the easy cloee at New York, and the downturn In gold this morning, dealers said. On the pre-market, Three Months sagged to £824 under generally liquidation
      345 words
    • Article
      Sugar
      329 8 LONDON, Thurs. —Terminal In the morning opened quiet £0.15 to £0.25 up from yesterday afternoon's close. Sales totalled 474 lots. Dealers said that although there were market reports of two nearby arrival buying tenders to be held shortly In Iran and Sri Lanka, there was little fresh trading interest
      329 words
    • Article
      Rice
      124 8 HONOKONO, Thurs. The market was quiet, with prices down 20 cents to 50 cents. The day's turnover totalled 267 tons comprising Thais 75, Kwangtungs 112 and Austral las 80 tons. Arrivals were from Thais 385 and Kwangtungs 420 tons. Thai While: 100 per cent old crop Ist class 100.00
      124 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        589 8 THE local money market yesterday eased across-the-board In fair trading. Overnight rates opened at the six per cent leve) but by the closing hour they declined to the three per cent level. Dealers said that the high openlAg rate reflected Wednesday's high levels, but by clearing time during lunch
        589 words
      • Article
        Asian $ rates
        162 8 Asian rates ASIAN currency deposit interbank rate* u at cioae on May S US D*Ui Ofltr in (Spot) BU 7 days S 1/4 51/8 1 roth 5 V* 91/4 Imtiu 5 7/1# 5&/16 3 mths 5 1/2 5 3/1 mths S J/4 >M roths 515/16 513/16 12 mths i/a 9m.
        162 words
      • Article
        Discount
        43 8 RANGE of price offered by aucount houac* on M *r 5 Ownlfht J* Ca.il deposit 3% Bv 3-month TrMaurjr MR* S 2ft 3-Month i i 4 l/l 3 15/1# 3-Month CD 4% 4ft t-Month CD 4ft 4ft Source: National Discount Co. Ltd.
        43 words
      • Article
        Euro $ rates
        94 8 Euro rates LONDON, Thurs. Day-to-day Eurodollar deposit rates continued to react to recent firmness and fell by up to 1/8 point in Initial trading, dealers said. Overall dealings were light. Time deposit rates opened higher reflecting the loss of the Friday dealing technicality. A softer undertone has since developed reflecting
        94 words
      • Article
        New York
        283 8 NEW YORK, Thurs. The dollar closed lower yesterday against major currencies In active trading, although dealers said in many cases final prices were above the worst levels of the session. They said the dollar was hard hit by speculation of possible agreement at the weekend economic summit for
        283 words
      • Article
        London
        185 8 LONDON, Thurs. The dollar opened weak in most European centres as market apprehension grew the London economic summit this weekend will pay the ground for adjustment of some currencies, dealers said. The mark strengthened to $2.3440/ 50 to the dollar from $2.3485/ 95 overnight, but still remained pinned at
        185 words
      • Article
        Hongkong
        144 8 HONGKONG, Thurs. The US dollar declined to a late HK54.6620/40 from yesterday's late $4.6690/10, In line with Its easier trend overseas, and also fell further against most major currencies compared with New York closing levels, dealers said. Trading was moderate, with the US unit easing to 2.3480/90 marks, from
        144 words
      • Article
        Frankfurt
        32 8 FRANKFURT exchanges opening quotes on May 5 US 2.3442/52 Can 2.2390/2410 UK 4.025/040 Neth 96.150/225 Swltz 93.20/35 Italy 2.840/655 France 47.35/50 Norw 44.65/73 Belg com 6.54/55 Belg fin 6.52/55 Japan 0.8495/8510
        32 words
      • Article
        Minimum lending rates (in %)
        56 8 Minimum lending rates (in acbc First Chicago Algemene Bank 6* Citibank 6* Bangkok Bank 7 HSBC 7 Bank of America 0* Indosuez Bank of China 7 Malayan Banking 8V« Bank of Tokyo 6* Mitsui Bank 6%. Bank Negara Indonesia 7 OCBC OUB 6% Chartered Bank 6* UCB 7 Chase Manhattan
        56 words
      • Article
        Australia/NZ
        46 8 AUSTRALIA/NZ exchanges quoted on May 5 Sterling 0.6464/0.6393 US dollar 1.1078/1.1030 Ninety-day air mail buying rates: Sterling 0.6647 US dollars 1.1331 Ninety-day forward buying rates: Sterling 0.6448 US dollars 1.0961 New Zealand: Sterling 0.5601/0.5570 US dollar 0.9679/0.9579 Ninety-day forward rate: Sterling 0.5789 US dollar 0.9859
        46 words
      • Article
        Zurich
        56 8 ZURICH exchanges closing quotes on May 4 US 2.5178 5188 UK 4.3300 3335 Can 2.4065 4085 W Germ 107.16 25 Neth 103.11 21 France 50.88 92 Belg 7.00-1/4 01 Denm 41.99 42.02 Norw 47.88 92 Swed 58.25 29 Italy 0.2840 2842 Austria 15.06 08 Port 6.50 52 Spain 3.65-3/4-66-1/2*
        56 words
      • Article
        Eurobond prices
        324 8 LONDON, Thurs. Straight dollar bonds were basically unchanged in light trading, dealers said. Dealers said the recent easier trend in floating rate notes appears to have bottomed out. Convertibles were dull with US dollar bonds fractionally firmer. Eurobond pncet quoted on May 5 Straights BM OfTar Austria 8*
        324 words
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      Page 8 Advertisements Column 1
      152 8 Bu SINGAPORE ness MC(P) 162/1/77 VOL.I N0.4 APRIL 1977 PRICE:S3.OO Wmm 'ni"' rn m m A M' BU r: r «r* !53 9 at J* m *!l i x it 4 r y iV f 1 w V<l COVER Telecommunications MANUFACTURING Singapore's long-term prospects TRADE Singapore: United States PROPERTY Middle-income
      152 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon FT, EXTEL STUDY NEW SERVICES
      218 9 FT LONDON, Thurs. —The Financial Times and Exchange Telegraph are to discuss establishing an authoritative Information service using electronic transmission. If a basis for collaboration were established, a Joint company would be formed to provide such services. The range of services offered would depend on
      FT  -  218 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      603 9 ARRIVALS Service Local Operator Number Time i From CPA CX003 0145 HKG MAS MH682 0810 KCH SIA SQ211 1015 HLP OIA GA980 1030 HLP OIA GA908 1100 MES PAL PR501 1115 MNL SIA SQ240 1140 MES RBA BI32S 1155 BWN SIA SQ201 1200 HLP KLM KL833 1240
      603 words
    • Article
      Lock icon Tokyo concern over European ship subsidies
      266 9 Reuter PARIS, Thurs. Japan countered European criticism of Its shipbuilding policy by expressing its concern about the spread of subsidies in European shipbuilding nations, European shipbuilding officials said. But Japanese Government delegates told the OECD's working party on shipbuilding they will reserve final judgement
      Reuter  -  266 words
    • Article
      Lock icon EEC to approve UK aid scheme
      87 9 Reuter BRUSSELS, Thurs. The EEC Commission is expected to approve Britain's £65 million aid scheme to help its shipbuilding industry following talks with UK Minister of State for Industry Oerald Kaufmann here. Informed sources said. The plan, under which British yards will get subsidies
      Reuter  -  87 words
    • Article
      Lock icon New ship will be floating repair shop
      326 9 AP DALLAS, Thurs. A unique ship under construction for the Phillips Petroleum Company, operator of the oil rig that blew out In the North sea on April 22, will be a floating repair shop for offshore oil wells. Mr. John Wilson, project coordinator
      AP  -  326 words
    • Article, Illustration
      ANYTHING CAN GO IN ...
      64 9 ANYTHING CAN GO IN THIS is "Seaspeed Asia", the roll on/roll off vessel that can ship almost anything from glassware to pre-fabricated houses. She sails for West Asia today. In a simple ceremony on board the ship yesterday, Mr. Suen Tian Hing, Traffic Manager (Keppel Wharves) of the Port of
      64 words
    • Article
      Gas-guzzlers still selling despite Carter's tax plan
      364 9 DETROIT, Thurs Big cars sold well in late April, despite President Carter's warning that the 'gasguzzlers posed a threat to energy conservation, the three major American automakers reported today. In fact, the President's national energy address on April 20 appeared to have little
      364 words
    • Article
      Lock icon Airbus makers see the Eastern Airlines lease as 'breakthrough'
      854 9 Reuter FT. PARIS, Thurs. The makers of the European Airbus today hailed the decision of America's Eastern Airlines to lease four of Its wlde-bodled jets as a breakthrough that would lead to many more US orders. Eastern the first airline In
      Reuter; FT.  -  854 words
    • Article, Illustration
      IN PORT
      460 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES An Lee (3ECC) (0830 tide) 25/26 Barclay Success (0600) 16 Blue Star (Car Carrier) (0600 after Kim Ann) 44 Cherry VUJa (B. Barge) (1500 tbc after Seas peed Asia) 46 Coloradlo (KPHB) (after Seaspeed Asia) (Draft 9.4 m) 47 Fedor Petrov (1500 after
      460 words
    • Article
      Lock icon London freight market
      201 9 AP LONDON, Thurs. South America remained the major source of grain fixing on the London freight market yesterday as North American trades still failed to regain their usual momentum. Although the overall volume of business was small, the general rate structure changed very little. Japan took three
      AP  -  201 words
    • Article
      Two more TriStars for Saudia
      136 9 BURBANK, Thurs. Saudi Arabian Airlines today announced and LockheedCalifornia Company confirmed that the Jeddahbased airline has agreed to purchase two additional L--1011 TrlStar Jetliners. The aircraft, to be delivered In late 1978, will bring to ten the number of L-101 is that Saudi Arabian Airlines
      136 words
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      Page 9 Advertisements Column 1
      382 9 THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAD INTERIM REPORT i The Directors are pleased to announce that the unaudited results of the Group and the Company for the first six months ended 28th February 1977 compared to the figures of the corresponding period in the previous year are as follows:
      382 words
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  • Article, Illustration
    Malaysia's rice-bowl in the grips of drought...
    1370 10  -  SINGAPOREANS who get irritated by the call to save water, should think again. Their neighbours across the Causeway "in most cases have to share the same wells or water holes with their buffaloes, cows and poultry Besides this convenience, their very livelihood is
    1,370 words
  • Article
    Lock icon European exporters see new hope in Indian and Mexican markets
    744 10  -  Signs are growing that India and Mexico will unexpectedly give fresh hope to Europe's anxious exporters. Oil money and political changes have combined to make them tomorrow's best trade prospects. Br LORNE BARLING FT EUROPEAN exporters of industrial goods are
    FT  -  744 words
  • Article, Illustration
    Lock icon Mekong River plans may be swept away by Cambodia's stance
    813 10  -  By PAUL VOGLE UPI TINY Cambodia, a hermit after two years of Communist rule, is blocking hopeful economic progress for 100 million people in South-east Asia. United Nations officials fear 20 years of work on the development of the Lower
    UPI  -  813 words
  • Article
    Lock icon Financier used guerillas' money to buy banks
    193 10 UPI BUENOS AIRES, Thurs. Argentina said yesterday missing financier David Graiver used US$l2 million (Ss3o million) in kidnap ransoms and robbery loot to buy control of two New York banks during a threeyear association with the leftist Montonero guerillas. In a communique, the
    UPI  -  193 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      56 10 I "A-; m U id: mm -,V -jf m Peter Benchley ij; 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment' -DAliy TELEGRAPH X 'For the second time -the book you can't put down' -DAILY MML Now on Sale at your regular bookshop Distributed by: TIMES DISTRIBUTORS SDN. BHD. Tim**
      56 words
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  • Article
    Lock icon Watch on copper pricing trends in free market
    556 11 Reuter NEW YORK, Thurs. Major copper consumers and traders said they are carefully monitoring developments in the free market for a clue to developments on the producer pricing front. Only two major domestic producers, Phelps Dodge and Asarco, have cut their prices
    Reuter  -  556 words
  • Article
    Lock icon 4-month rice exports higher
    127 11 Reuter BANGKOK, Thurs. Thailand exported 238,000 tonnes of rice last month, bringing total shipments during the first four months of this year to 967,600 tonnes. Foreign Trade Department sources said. The figures compared with 140,123 tonnes shipped in April last year and 591.438 tonnes in the
    Reuter  -  127 words
  • Article
    Lock icon Hunts deny all charges
    158 11 Reuter CHICAGO, Thurs. Attorneys for the Hunt family have filed an answer to the Commodities Future Trading Commission suit denying all allegations of exceeding soybean trading position limits on the Chicago Board of Trade, a spokesman for the Hunt family said. There is also a counter
    Reuter  -  158 words
  • Article
    Lock icon COMMON FUND TALKS
    98 11 Reuter GENEVA, Thurs. Negotiations on a fund to finance stocks of major commodities, designed to keep prices and supplies in balance, are to resume here next Nov 7 to Dec 2, delegates to the executive board of the United Nations Conference on Trade and Development (Unctad) decided
    Reuter  -  98 words
  • Article
    Lock icon USE MORE RUBBER PLAN
    63 11 Reuter PORT DICKSON, Thurs. Malaysia plans to Increase the conversion of raw rubber into manufactures from 30,000 tonnes a year at present to 300,000 tonnes in 1984, Primary Industries Minister Datuk Musa Hitam said. A marketing study for manufactured rubber products was also belns carried out
    Reuter  -  63 words
  • Article
    Lock icon EEC solution to 'undue sugar output'
    319 11 AP GENEVA, Thurs. The European Economic Community 'has proposed a minimum world market sugar price be set at a level to discourage "undue production" of sugar or sugar substitutes. A maximum price should allow for a sufficiently wide price range to cope wlth'expectable price
    AP  -  319 words
  • Article
    Lock icon Paris-London pact in full swing soon
    189 11 Reuter PARIS, Thurs. An agreement reached last year to open the way for greater reciprocal business between the Paris and London commodity markets will become fully operational on May 20, the Banque Centrale de Compensation (BCC) commodity settlements bodv said. Under the agreement, the
    Reuter  -  189 words
  • Article
    Lock icon CHILD LABOUR: HK GETS TOUGH
    196 11 Reuter HONGKONG, Thurs. The Government has taken tougher measures against offenders illegally employing children under 14 in industry. The Legislative Council yesterday approved an amendment to the factories and industrial undertakings regulations, raising the maximum fine for such offence from HK$5,OOO (552.643) to $10,000. The
    Reuter  -  196 words
  • Article
    Lock icon S African gold holdings fall to a low
    193 11 Reuter PRETORIA, Thurs. South African official gold holdings fell 92.8 tonnes to a 10-year low of 302.1 tonnes in the week ended April 29, reserve bank figures show. This follows the recent Sold swap which caused a rop of 88.2 million rand
    Reuter  -  193 words
  • Article
    Deutz wins $1m Thai order
    85 11 DEUTZ Far East has won a $1 million Thai contract to supply 200 units of aircooled diesel engines to power the air-conditioners in Thai bases. The purchase, according to Mr. Thomas Erdhuetter, regional director of KHD, Deutz's parent company, is an attempt by the Thai
    85 words
  • Article
    Rocket fuel lighter
    104 11 RONSON has created a revolutionary new ignition system for Its latest lighter a combination of ballpen and lighter by harnessing space age fuel In a tiny cartridge. The new ignition system, which Ronson claims is the most advanced In the world, encapsulates one of the immensely powerful
    104 words
  • Article
    INGERSOLL: SIGNS OF A PICK-UP
    69 11 THERE are indications that the market for construction and industrial equipment Is now stabilising as it shakes off the effects of the economic recession, according to Mr. Eugene Ely. the new managing director of Inger-soll-Rand South-east Asia. He said: "We are hopeful that with the
    69 words
  • Article
    SUITS
    98 11 A SUIT was filed in the High Court yesterday by Chin Ho and Co against Kim Chuan Construction and Trading for $494,840.50, alleging that the sum is for goods sold and delivered. In another suit, Balfour Williamson London sued Yap Cheng Hal and three others for $201,879.58 allegedly for
    98 words
  • Article
    Lock icon Tomorrow's factory site — the ocean
    326 11 Tomorrow's factory site the ocean AP HOUSTON, Thurs. Japanese industrialists said yesterday their nation Is developing a trend that emphasises locating industrial plants offshore instead of on land. "Japan is working to utilise all of the ocean from top to bottom," said Mr. Jun Tamura, managingdirector of the Sumitomo Ocean
    AP  -  326 words
  • Article, Illustration
    RAS hopes hq will enhance its status
    306 11 THE chairman of the Rubber Association of Singapore (RAS), Mr. Tan Eng Joo, yesterday expressed hopes that the association's future headquarters at Collyer Quay will some day become the centre of commodity trading In Singapore. Officiating at the RAS logo launching ceremony at
    306 words
  • Article
    Lock icon 'Progress vital to prevent trade war'
    264 11 AP WASHINGTON, Thurs President Carter's special trade negotiator emphasised yesterday that progress in the Oeneva trade talks was needed to prevent an international trade war. Robert Strauss said it is time "to get started there." The talks, which have been going on for two
    AP  -  264 words
  • Article
    Lock icon Import curbs tightened
    582 11 FT CANBERRA: The Australian Government is moving again to restrict Imports of textiles, clothing and footwear because of the rising unemployment In importcompeting domestic Industries. The Government has been reviewing the effectiveness of its current assistance measures to domestic manufacturers In view of the fact that their
    FT  -  582 words
  • Article
    Lock icon A QUESTION OF SURVIVAL FOR THE POOR
    611 11 Reuter LONDON, Thurs. Questions of survival rather than development confronted Br nations suffering from ay's economic trends, according to a group of Commonwealth experts. In a report on economic reforms published here, the group warned that even on* optimistic assumptions the gap between
    Reuter  -  611 words
  • Article, Illustration
    Lock icon By deeds and not words, Japan told
    273 11 Reuter WASHINGTON, Thurs. US Treasury Secretary Michael Blumenthal said Japan needs to demonstrate to the world that It wants to Increase Imports. Mr. Blumenthal, In remarks prepared for dellvery to a New York dinner of the Japan Society released in advance here, said
    Reuter  -  273 words
  • Article
    Lock icon No need for stimulus
    118 11 Reuter TOKYO, Thurs. Bank of Japan governor Tellchlro Morlnaga said he sees no need for further measures to stimulate the Japanese economy for the time being. Mr. Morlnaga, who returned on Tuesday from the IMF Interim Committee meeting In Washington, told a press conference other countries
    Reuter  -  118 words
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      Page 11 Advertisements Column 1
      560 11 SEE PAGE 9 ASIAN SEMINARS LIMITED CONFERENCE PROGRAMME Following our successful 1976 International taxation and Investment conference we are pleased to present, In association with the University of Hong Kong, a further two international conferences. INTERNATIONAL TAXATION ESTATE PLANNING CONFERENCE Hong Kong 23-25 MAY 1977 This conference Is presented for
      560 words
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  • Article, Illustration
    'Harmonise policies, efforts so that all can prosper'
    538 12 A LEADINO Asian trade unionist yesterday declared that "by Judicious coordination of efforts and policies both in social and economic fields," it is possible for the workers in developing and Industrial countries "to work out a pattern of development in which we
    538 words
  • Article
    Avon may knock on your door very soon
    291 12 ANOTHER cosmetic agent will lose Its distribution agency when Avon Products of the US begins Its door-to-door sales operations in Singapore. And this may take place very soon If the setting up of Avon's representative office here early in the year is
    291 words
  • Article
    SHIPPING FIRMS FORM NEW BODY – SABAS
    175 12 SHIPPING FIRMS FORM NEW BODY SABAS AN association 'Called Ship Agents and Brokers Association of Singapore (SABAS) has been formed by several local shipping firms here. The association has been approved by the Trade Department and Is now being registered. The association alms to promote the growth of the shipping
    175 words
  • Article
    Lock icon Carter's man
    33 12 Reuter WASHINGTON, Thurs. —President Carter today nominated Mr. Lester Edmond, Deputy Assistant Secretary of State for East Asian and Pacific Affairs, as United States director of the Asian Development Bank. Reuter
    Reuter  -  33 words
  • Article
    Lock icon GRIM WARNING TO LEADERS AT SUMMIT
    666 12 CALLAGHAN: ACT TO CHECK WORLD CRISIS UPI AP LONDON, Thurs. Prime Minister James Callaghan, British government officials say, will warn other summit leaders here this weekend that the world Is In the midst of Its worst economic crisis In 40 years and that unless
    UPI; AP  -  666 words
  • Article
    Room for closer ties says Bahrain
    358 12 THE Bahrain Foreign Minister Shaikh Mohamed bin Mubarak AlKhalifa said that grounds exist for closer economic and commercial ties between Bahrain and Singapore. At a farewell press interview yesterday, Shaikh Mohamed said that the objective of his four-day visit was to explore ways to
    358 words
  • Article
    Oberoi to woo Arabs
    260 12 OBEROI Imperial Hdtel here Is making an early bid to capture a large slice of the expected Increase in tourists from West Asia. A hotel executive will leave this week-end for the Gulf states to make a survey and assess the situation there, said Mr. R.
    260 words
  • Article
    'Raise Manila's debt service ratio ceiling'
    280 12 MANILA, Thurs. The Private Development Corporation of the Philippines (PDCP) said the government should raise the 20 per cent celling on the country's foreign debtservice ratio to help boost the domestic economy. The PDCP, an lnvest-ment-management bank, said in Its quarterly publication, Philippine Business
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    LONDON STOCKS
    796 12 LONDON, Thurs. The stock market closed mixed as government stocks gave up earlier gains following profit-taking and leading equities turned mixed after earlier firmness. At 3.00 pm the Financial Times index was up 3.1 at 443.1. Short-dated government bonds were occasionally 1/10 higher after gains of up to
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  • Article
    US firm eyes Asean computer market
    208 12 A US-BASED computer manufacturer Is eyeing Asean as a vast potential market for Its products. But unlike other multi-national computer companies, the firm, Wang Laboratories, is not changing its marketing strategies in this region to tap a larger share of the market here. According
    208 words
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    Lock icon Foreign capital
    78 12 Reuter CANBERRA, Thurs. Foreign borrowings by Australian financial Intermediaries for on-lend to certain categories of mining and manufacturing Investment will be exempted from the variable deposit requlrement (VDR), effective immediately, Treasurer Phillip Lynch said In a statement. Under the VDR scheme, reactivated in mid-January to reduce the capital
    Reuter  -  78 words
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    Lock icon Balance sheet total up at Credit Suisse
    202 12 Reuter ZURICH, Thurs. Swiss Credit Buk said-its sheet total roee 828 million francs (*****.7 million) to 42.4 billion in the first quarter of this year. Capital and reserves were virtually unchanged at around 2.7 billion francs, it said. The figures cover a period
    Reuter  -  202 words
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    Lock icon Deficit
    37 12 Reuter VIENNA, Thurs. Austria had a trade deficit of 4.75 billion schillings in Marcb against 4.37 billion In March last year, but the deficit was below the 5.47 billion In February, the Central Statistics Office said.—Reuter.
    Reuter  -  37 words
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    Forwarders to have their own building
    368 12 PLANS for an air cargo complex for freight forwarders at the new Changl airport were yesterday circularised to members of the Singapore Air Cargo Agents Association. The association, which has been lobbying for Its own building at the new airport, recently received word from
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  • Article
    Lock icon KAO JAKARTA TIE-UP
    78 12 AP JAKARTA, Thurs. President Suharto has approved a U553,620,000 (Ss9 million) chemical Industry jointventure between Kao Soap of Japan and two Indonesian companies Pt. Poleko Trading and Pt. Cibutung, the national investment board said here today. The board said that Kao would own 60 per cent of
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    NEB to inform banks
    251 12 SOME 10 to 15 commercial banks bidding for the Malaysian National Electricity Board's US$l25 million (*****.5 million) loan with World Bank co-fl-nanclng, ar* expected to be Informed of the outcome of their proposals by the end of this month. The loan Is to finance a generating
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      Page 12 Advertisements Column 1
      75 12 Anita's giving you her own show A more sizzling show you've never seen. For when Singapore's Number One does her own thing on stage, Man, she does it with more 4 pow' than anybody else. You'll love every minute of it. Jm a*. .7. Now at the The Memo from
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      Page 12 Advertisements Column 2
      329 12 m Sembawang Shipyard Limited NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of the Company will be held at the Company's Registered Office at the Shipyard, Admiralty Road East, Sembawang, Singapore 27 on Tuesday, 31st May, 1977 at 9.30 a.m. for the following
      329 words