The Business Times, 1 October 1976
1976-10-01
1
12
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The Business Times
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Title Section10 1976-10-01 1 BUSINESS TIMES M.C.(P) 1455/76 FRIDAY, OCTOBER 1, 1976 50 CENTS10 words
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NEWS SUMMARY
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Article75 1976-10-01 1 Reuter BLACKPOOL: Britain's ruling Labour Party is expected to hear calls today for unity behind the Government in the faee of the sterling crisis, in return for assurances there will be no more cuts in public spending. The National Executive Committee, head of the Party outsideReuter - 75 words
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Article53 1976-10-01 1 LONDON, Thurs. Sterling hovered to around US$l.7O on the foreign exchange market today roughly half a cent above the opening rate. Meanwhile, sources disclosed here that an International Monetary Fund (IMF) mission will probably come here in early November seeking tough conditions on Britain's US$3.9 million (559.653 words
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Article73 1976-10-01 1 Reuter TEL AVIV: President Ford plans to make his first visit to Israel and Arab capitals if elected in November; according to an interview published today in the dally newspaper Yedloth Aharonot. It would be his first visit to the region. In the YecMoth Interview, Mr.Reuter - 73 words
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Article61 1976-10-01 1 PENANG: The Kedah State Development Corporation bought 69 pieces of land known as the United Patani Estate in Sungel Patani, Kedah for $15 million at a public auction today. The property, owned by Penang millionaire landed-proprietor N.T.S. Arumugam Plllai, was put under the hammer at the key61 words
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Article65 1976-10-01 1 Reuter BANGKOK: Thailand's House of Representatives has approved a record 68,790 million baht (SJB.OOO million), budget for the fiscal year starting next month. Failure to get the budget through Parliament would have thrown the country Into a constitutional crisis as it is governed only by a caretakerReuter - 65 words
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Article35 1976-10-01 1 LONDON, Thurs. The Financial Times shares index plunged by another seven points to 323.4 at 3 p.m. today t- Its lowest point for a year. It recovered to close off bottom.35 words
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Article41 1976-10-01 1 UPI NEW YORK: Dow Jones averages, based on first hour of trading yesterday on the New York Stock Exchange: 30 Indus 991.69, up 0.50; 20 transp 217.34, up 0.12; 15 utils 97.84, unch; 65 stocks 311.05, up 0.14. -upiUPI - 41 words
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Chief Price Changes
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Article, Illustration182 1976-10-01 1 THE SINGAPORE stock market recovered some of its equilibrium yesterday as end-of-the-month covering deals pushed up prices somewhat. Most shares ended with marginal gains. The Straits Times Industrial index gained 0.69 point to 267.35 while the Business Times average managed a rise of 1.02 points to 269.44.182 words
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Article91 1976-10-01 1 Foils Most active Kg. Lanjut $2.10 U.M.W. $139 O. Kent $1.35 K.L. Ind. $0.80 M. Banking $0.30 O.C.B.C. $850 A. Amal $2.96 -.12, -.10 -.05 -.06 -.04 C. Sugars 203,000 S. Darby 195,000 Q. Lumber 135,000 U.O.B. 117,000 Total Turnover: 1.05 M Total Value: M$3.69M Rites Indices91 words
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1253 1976-10-01 1 COLIN CHEE - NEW SCHEME MAY PUSH FUND INTO RED •y COLIN CHEE THE Central Provident Fund (CPF) stands in danger of going Into the red once the new computation scheme, announced by Labour Minister Ong Pang Boon last weekend, IS implemented from Jan1,253 words
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Article74 1976-10-01 1 Reuter LONDON: The day shift at Ford Motor Co's UK Dagenham plartt was working normally, despite last night's walk-out by night shift workers, who started a one-week strike, the Press Association reported. It said no pickets were on duty to stop day workers entering work, butReuter - 74 words
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Article, Illustration653 1976-10-01 1 FINANCE Minister Hon Bul Sen yesterday complained that the International aid agencies are showing an increasing lack of appreciation of Singapore's special economic circumstances. "The indifferent attitude of international institutions." Mr. Hon said, "is shown In the mechanistic application of the per capita653 words
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468 1976-10-01 1 UOB rejig a bid to raise more cash? ON the heels of United Overseas Bank's curfent rights Issue, the group has announced further developments, the ultimate Intention Of which may be to raise further cash from its stable of companies. On Tuesdav, It announced a $108 million rights issue and468 words
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Article, Illustration828 1976-10-01 1 A UNANIMOUS acceptance of Haw Par Brothers International 1975 accounts cleared the way yesterday for the company to seek a requotatlon of Its shares on the Stock Exchange of Singapore. Chairman Michael Fam said after the annual general meeting at the Shangri-La Hotel that828 words
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Article155 1976-10-01 1 THE European Investment Bank (EIB), after a successful issue in January in which US$2O million (Ss49million), was raised, is back in the Asian dollar market for more money. This time the EIB wants to raise USS3O million with a seven-year bond issue, expected to155 words
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Page 1 Advertisements
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Advertisement44 1976-10-01 1 BANK VMJU SAFE OEFOSTT SAFE M Foreign news/TV ft Radio News/Foreign Features Local Co. News Foreign Co. News Overseas Stock* Pg 2 Commodity Transport ft Comp municatioai Feature* ft Letters Pg 4 Notices/Overflow Pg 5 Features Local Stock Market Pg Foreign/Local News Pg 1244 words
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Advertisement122 1976-10-01 1 Get around fairway problems wftfitfie PGP Par~€x The set with the^wood The PGA Par-Ex Golf Clubs gg present a breakthrough in golf club design. Take the Par-Ex 7-wood for example. We increased the loft and shaft of this well-constructed club to help you get the ball up for distance. Likewise,122 words
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Advertisement253 1976-10-01 1 I i 11 To all businessmen who buy an accounting system this month. Don't. Until look at a Wang System A Wang System is an in-house computer that gives you control adds to your profits and handles all your paperwork, production planning and scheduling, costing, inventory payroll, credit checks, accounts253 words
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Article504 1976-10-01 2 PROPOSAL BY MARCOS UPI MANILA. Thurs. The Philippines proposed today an economic pact between Japan and the Association of South-east Asian Nations (Asean) aimed at blending Industrial power and economic resources in the region. President Ferdinand Marcos made the proposal In a policy speech during a businessUPI - 504 words
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Article180 1976-10-01 2 Reuter LONDON, Thurs. One thousand nightshirt workers at a Ford car assembly plant here went on strike early today 24 hours after some of them had staged a four-hour rampage smashing windows and equipment at the plant. The men walked out Jeering after the management hadReuter - 180 words
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Article113 1976-10-01 2 and in France Reuter PARIS, Thurs. The Power Industry Federations of the Confederation Generate Du Travail (COT) and the Confederation Fcancalse Democrfttique Du Travail (CFDT) said they have called on French electricity and gas workers to strike on Oct 7. In a Joint communique, they said the strike will causeReuter - 113 words
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Article149 1976-10-01 2 Reuter HONGKONG. Thurs. Vietnam intends to boost exports from the southern half of the country, including rubber, coffee and other commodities, the official Vietnam News Agency said today. The agency quoted Foreign Trade Minister Dang Viet Chau as telling an export production conference in HoReuter - 149 words
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Article56 1976-10-01 2 UPI TOKYO, Thurs. Interest rates charged by commercial banks on business loans declined 0.009 per cent in August to stand at an average of 8.219 per cent per year, the Bank of Japan announced yesterday. The bank said the rates have dropped a total of 1.19 perUPI - 56 words
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Article580 1976-10-01 2 TO readers of The Straits Times, Business Times as a supplement to the main paper is no stranger. Faithfully, three times a week It has gone out with The Straits Times these past seven years, giving information on those areas of business activity here or abroad not normally580 words
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Article280 1976-10-01 2 Reuter HONGKONG, Thurs. Commonwealth secretarygeneral Sridath Ramphal today deplored growing differences between rich and poor nations since the seventh special session of the United Nations General Assembly last year when the world community agreed to work for a fairer distribution of global wealth. Mr. RamphalReuter - 280 words
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Page 2 Advertisements
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Advertisement647 1976-10-01 2 Therms only one accurate answer to complicated calculations Calculators Sharp Calculators have a host of methods to help you improve efficiency, save capital and expensive time. i A CS-4152 B m s CS-2101 12 digits, 1 memory Constant and complex calctHations Floating decimal. CS-6301 $49 16digits, 3memories, %,V Constant and647 words
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Advertisement53 1976-10-01 2 SEAT OF IMF TALKS .1 jS V srl >/ j: v This spacious Philippine International Convention Centre in Manila hat been chosen for the site or the five-day International Monetary Fund (IMF)-World Bank conference which starts on Oct 4. Photo shows the interior of the plenary session hall which seats53 words
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Advertisement187 1976-10-01 2 ANTTVVBRAnONSAWS •Portable Chain Saw. 1926. •Friction Reducing Guide Bar System. 1929. •Chain Saw With Decompression Port. 1931. •Chain Saw With Anti-Vibration System. 1964. •Practical Fully Electronic Ignition System. 1968. •Channel-Linked Oilomatic Chain. 1970. •Declutching Chain Stopping System. 1972. Model 051 AV SOLE AGENTS: 'INDONESIA: P.T. Mountrado Jaya. *E. MALAYSIA BRUNEI:187 words
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Page 2 Miscellaneous
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Miscellaneous210 1976-10-01 2 SINGAPORE 3.00 P.M. Opening Annoucements followed by Housewives' Matinee "Opera uueen" (r) Pi. 2 of a Mandarin film 330 Diary of Events (Chinese) 3.55 Window (Chinese) (r) 425 Intermission 550 Opening Annoucements followed by Children's Day Special 6JO News in Brief 6J5 The Enchanted House 7.05 Thrlllseekers 7JO News News210 words
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1667 1976-10-01 3 SAMUEL BRITTAN - By SAMUEL BRITTAN LONDON: Thurs. There are two theoretical roads to Import controls: the creeping and the galloping. The creeping road is the one being folVowed by the governnent now. Its principle is to extend protection wherever this can be done without causing1,667 words
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586 1976-10-01 3 Reuter BONN, Thurs. West Germany will point out at the International Monetary Fund meeting in Manila on Monday that its import policies have improved the economies of both developing and industrialised countries, Mr Karl Otto Poehl, State Secretary at the Finance Ministry, said. At aReuter - 586 words
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Article123 1976-10-01 3 Reuter MANILA, Thurs Citibank Na Vile chairman G.A. Costanzo called for an international monetary system that was less dependent on the monetary management of single countries. He told a Financial Times seminar here the present system had been a major contributing factor to theReuter - 123 words
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223 1976-10-01 3 Reuter CARACAS, Thurs. The Finance Ministry said arrangements were virtually concluded for a US$l billion ($2.4 billion) loan to Venezuela from a syndicate headed by the First National City Bank of New York and the Morgan Guaranty Trust Bank. The loan will beReuter - 223 words
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201 1976-10-01 3 Reuter ROME, Than. The Italian Government said it obtained EEC authorisation for a gradual reduction in its depoek sehsms on currency purchase*, currently at 50 per cent, to aero by April 15 next year. The deposit will be reduced to 4i per cent from OctReuter - 201 words
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Article99 1976-10-01 3 Reuter WASHINGTON, Thurs. Liabilities of US banks to their foreign branches fell US$6Bl million to US$4.O2 billion for week ending Sept 22, the Federal Reserve Board said. This was $1.71 billion higher than the level of Eurodollar borrowings In the week ehded Sep. 24, 1975. Meanwhile, the FedReuter - 99 words
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Page 3 Advertisements
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Advertisement139 1976-10-01 3 V- CPS :T •A ■J v < M w ■>■ V > ii •< -i f, ;> m&lm i :>. yj, The worldfe first (up integrated circuit gaslighter. Maruman Multispark IC A new lighter is born out of aero-space technology. Maruman Multispark employs the same space-age miniature electronic circuit.The result139 words
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COMPANY NEWS
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400 1976-10-01 4 AFTER sustaining sharp losses in the past two years, Unilite Electrical Industries is to take remedial steps to inject additional working capital in order to meet increased production and sales activities. The proposal, however, must have left shareholders pondering both the wisdom of400 words
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569 1976-10-01 4 DUE to its over-depen-dence on its investments in the shipping and offshore oil Industries. Jardine Matheson (South-east Asia) is Ukely to fall badly from the high pedestal it was raised to last year. Last year, group net profit stood at a record five-year high569 words
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Article265 1976-10-01 4 ESSO Malaysia's preliminary results have been most disappointing with after-tax profit taking a 35.3 per cent plunge to M 52.2 million. On closer examination, the figures for the first halfyear reveal the unhappy inverse relationship between earnings and the level of activity. While sales and265 words
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Latest results
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Article61 1976-10-01 4 ROTHMANS OF PALL MALL (MALAYSIA) Oroup pre-tax profit M 914.58 million ($10.44 million) on turnover of $211.85 million ($205.90 million) for the year ended June 30, 1976. Tax $7.58 million ($5.52 million) and minority interest $100,000 ($211,000) making group net profit of $6.90 million ($4.71 million). Company net prorit61 words
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Article29 1976-10-01 4 UNITED MOTOR WORKS (MALAYSIA) holdings group pre-tax profit M 51.38 million ($4.33 million) on sales of $72.3 million (58.7 million) for the. first-half year ended June 30. 1976.29 words
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Article26 1976-10-01 4 HONGKONG LAND 6 roup after-tax profit !K579.4 million ($71.2 million) for the first six months ended June 30,1976. Interim dividend 11 cents (10 cents).26 words
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Article36 1976-10-01 4 PEGI MALAYSIA group pre-tax profit M 52.01 million ($1.32 million) on revenue of $2.18 million ($1.54 million) for the first half-year ended June 30, 1976. Company pre-tax profit $22,139 (Loss $8,000). Revenue $44,704 ($12,306).36 words
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Article39 1976-10-01 4 OUTHRIE BERHAD group pre-tax loss $236,000 (profit $6.66 million) on turnover of $110,84 million ($ll2 million) for the first half-year ended June 30, 1976. Extraordinary loss $29,000 (gain $155,000) making pretax loss of $265,00Q (profit $6.82 million).39 words
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Article31 1976-10-01 4 TASEK CEMENT net profit M 54.38 million ($4.19 million) for the year ended June 30, 1976. Depreciation $3.24 million ($2.64 million) and tax $4.87 million ($4.95 million). Dividend nll(nll).31 words
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Article25 1976-10-01 4 PREMIUM HOLDINGS Group pre-tax profit M 586,050 ($542,024) on tarnover of $2.09 million ($2.24 million) for the first six months ended June 30,1976.25 words
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Article39 1976-10-01 4 PAN MALAYAN HOLDINGS group net profit $425,071 for the first halfyear ended June 30, 1976. Loans outstanding $42.41 million. Company net profit $188,230. Loans outstanding $424,153. There Are no comparative figures due to change of financial year.39 words
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Article37 1976-10-01 4 PAPER PRODUCTS (MALAYA) group pre-tax profit M 5277.125 ($1.07 million) on sales of $15.73 ,mllUon ($12.99 million for the first half-year ended June 30, 1976. Company pre-tax profit $371,347 ($973,630). Sales $8.00 million ($6.51 million).37 words
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Article38 1976-10-01 4 ACM A ELECTRICAL INDUSTRIES group pretax profit $1.10 million ($1.03 million) on revenue of $9.48 million ($10.12 million) for the first half-year ended June 30, 1976. Company pre-tax profit $1.03 million ($22,936). Revenue $9.06 million ($9.59 million >.38 words
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Article35 1976-10-01 4 TAIPING TEXTILES net profit MS279.161 (Los: $980,897) on gross sales ol $17.72 million ($10.71 million) for the first halfyear ended June 30, 1976. Depreciation $1.49 mllllor ($774,422) and develop ment tax 0250 (same).35 words
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Article42 1976-10-01 4 PERUS PLANTATIONS estimated group pre-tax profit M 515.56 million on sales of $203.32 million for the year ending Sept 30, 1976. There are no comparative group figures. Estimated company pretax profit $1.57 million ($2.83 million). Sales $12.12 million ($12.98 million).42 words
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Article20 1976-10-01 4 SINGAPORE CERAMICS (formerly Malaysia Tile, Manufacturing) Net loss $1.04 million (Loss $1.34 million) on sales of $550,240 ($768,283).20 words
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Article23 1976-10-01 4 SIGMA METAL pre-tax profit $138,120 ($265,390) on sales of $5.72 million ($5.19 million) for the first halfyear ended June 30. 1976.23 words
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Article18 1976-10-01 4 George town dispensary pre-tax profit M 554,000 ($60,500) for the flist half-year ended July 31. 1976.18 words
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Article27 1976-10-01 4 ASSOCIATED PLASTICS INDUSTRIES group pretax loss M 51.45 million ($490,000) on sales of $7.75 million ($4.91 million) for the first half-year ended June 30. 1976.27 words
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Article26 1976-10-01 4 FANCY TILE WORKS Pre-tax loss M 5227.131 (loss $272,312) on sales of $3.12 million ($2.05 million) for the first half-year ended June 30, 1976.26 words
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Article50 1976-10-01 4 GENTING HIGHLANDS HOTEL Group net profit M 58.97 million ($8.55 million) on sales of $20.16 million ($18.91 million) for the first six months ended June 30, 1676 Company net profit $9.73 million ($9.19 million) on sales of $19.27 million ($18.30 million). Interim dividend five per cent tax exempt (same).50 words
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Article43 1976-10-01 4 TOWN CITY PROPERTIES Group pre-tax profit $894,771 ($974,749) for the (lrst six months ended June 30, 1976. Turnover $653.000($ 1.07 million) and other income $866,677 ($488,828). Company pre-tax profit $653,235 ($950,396). Turnover $653,000 ($1.07 million) and other income $470,838 ($167,600).43 words
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Company meeting
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Article14 1976-10-01 4 Sungei Way Dredging Bhd.: 10.30 21at Floor, Banguwm UMBC, Jalan Strlaiman, Kuala Lumpur.14 words
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Article476 1976-10-01 4 Current payment Ex Date Date payable Total for the year Total for previous year Aitrt. Amal B«U<M) Beau Plaat B.fcatU Cbem. lad. (FE) Cm. Plant. Dun lop Est Dual op Im* E.N.E. EaooOrd. EaeoPref. G.E. Life Geating H. Gilfillan Hume(M) Hume (FE) J.C.-M.P.H. ffwiin K.L. KepongDeb K. Guaa476 words
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326 1976-10-01 4 FOR the first six months ended June 30, 1976, Tropical Veneer has suffered a further loss of M 5452,453 despite a rise of more than 55 per cent in sales to $4.72 million. As it is appealing the decision of its326 words
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331 1976-10-01 4 REPORTING a 38.4 per cent drop in Interim pre-tax profit to M 52.68 million, Harper GilfiUan is optimistic that it will be able to maintain current year group profit at the 1975 level of $6.02 million. In the Interim report, it says that present indications are331 words
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Page 4 Advertisements
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Advertisement290 1976-10-01 4 ASSET HdNY OFFICE U-BIX Sophistically engineered to give you faithful reproduction copies, which are as good as originals, this plain paper copier is decidedly a boon to cut down heavy office work volume and release your staff for more productive jobs. Unique characteristics are: Printing on offset master or directly290 words
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Advertisement135 1976-10-01 4 Bank uiith those and give yourself the those advantages. There are so many banks operating in Singapore. And most of them offer the same or similar facilities. So you may well ask, why should I bank with Chase? The answer is service. The Chase committment to service is very real.135 words
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INTERNATIONAL COMPANY NEWS
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Article589 1976-10-01 5 ROBERT RICCI - By ROBERT RICCI Reuter BURBANK. Calif., Thurs.Lockheed Aircraft Corp, aerospace analysts say, Is making a comeback that even a few months agQ most thought would be impossible. Lockheed is still weak financially, still vulnerable to a widespread business alienation because of its extensive payoffs scandal, andReuter - 589 words
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Article170 1976-10-01 5 Reuter MELBOURNE, Thurs— For the year ended June 30, 1976, Ez Industries suffered a 40 per cent plunge in net profit to A$6.5 million. Tax was S5.15 million ($6.81 million) and depreciation $7.40 million ($7.33 million). The net profit includes extraordinary loss of $358,000 (profit ofReuter - 170 words
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Article144 1976-10-01 5 Reuter HONGKONG,Thurs.- A S. •Watson has achieved a turn round of HK52.69 million to a net group profit of $193 million for the first halfyear ended June 30, 1976. It is paying an interim dividend of eight cents (nil). The company, a Hutchison International group associate, saidReuter - 144 words
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366 1976-10-01 5 Reuter MELBOURNE, Thurs. Western Mining Corp and Gold Mines of Kalgoorlie (Australia) said they will not advance any further loans to their associate company, Kalgoorlie Southern Gold Mines N.L. Both companies also said they are unlikely to subscribe any funds should Kalgoorlie SouthernReuter - 366 words
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208 1976-10-01 5 Reuter LONDON, Thurs— Pre-tax profit at Rustenburg Platinum Holdings fell to 44.1 million rand from 53.1 million rand for the year ended Aug 31, 1976. Profit from metal sales was 53.3 million (58.1 million) rand before provision for possible losses on foreign loans of 3.3 millionReuter - 208 words
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553 1976-10-01 5 Reuter NEW YORK, Thurs.- Kennecott Copper Corp's contract with the United Steelworkers does not expire for another nine months, but already some on Wall Street on trying to calculate into their earnings estimate the inevitable stockpiling of copper that will take place. EugeneReuter - 553 words
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Article118 1976-10-01 5 Reuter BURBANK, Calif., Thurs. Lockheed Aircraft ear* shareholder* at a special mswrtng approved a major refinancing plan authorising the company to issue warrants and preferred stock. The plan was previously approved by the company's major hanks. While common stock shareholders approved the plan, its final consummationReuter - 118 words
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Article95 1976-10-01 5 Reuter HONGKONG? Thurs. Gold field Realty said trading in its shares has ceased on the Far East and Kam Ngan stock exchanges following supreme court approval or its takeover by Hsin Chong (Holshareholders register was closed yesterday, and the scheme of arrangement for the takeover will becomeReuter - 95 words
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Article54 1976-10-01 5 Reuter JAKARTA, Thurs. Pan American Financial Inc. has agreed to grant the Indonesian government a loan of US$B5 million to set up a social insurance organisation, a spokesman for the Social Affairs Ministry said. The loan is repayable in seven years at an Interest rate of between eight andReuter - 54 words
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190 1976-10-01 5 Reuter SAN FRANCISCO, Thurs. The New York Stock Exchange has developed a proposal for a new electronic order-routing system, chairman, Mr. William M. Batten said in a speech prepared (or delivery before the bond club of San Francisco. Mr Batten said the dealer lnter-mafket orderswitchingReuter - 190 words
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Article98 1976-10-01 5 Reuter FRANKFURT, Thurs. Hoechst hopes to raise Its dividend for 1976 from last year's seven marks, but the slae of the rise cannot yet be forecast, management board chairman, Mr. Rclf Sammet told a press conference. He said he Is optimistic enough to say a dividend in-Reuter - 98 words
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Article180 1976-10-01 5 Reuter MILAN, Thurs. Snia Viscosa said It was still In deficit in the first half of 1976 despite a 48 per cent rise in production of chemical fibres and a 45.8 per cent rise In overall sales. A company statement gave no figures and theReuter - 180 words
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Article313 1976-10-01 5 Reuter HONGKONG, Thurs. Wheelock Marden said company chairman, Mr. John Marden and a director, Mr. John Cheung, have denied that they made use of confidential information in relation to sales of the company's shares. It said in a circular to shareholders the board instituted an investigationReuter - 313 words
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Page 5 Advertisements
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Advertisement46 1976-10-01 5 The ASIAN ORGANISATION with the t international approach with interests in shipping, manufacturing, agricultural produce trading mm THE TEXTON GROUP SINGAPORE-BANGKOK-HONGKONG-TAIPEI TOKYO-GUAM-SAN FRANCISCO International Operations Headquarters TEXTON ASIA PTE IXD 10th floor. Malayan Credit House, Somerset Road, Singapore 9. Tel: *****11. Cable: Texasia Singapore.Telex: R*****5 TEXTON.46 words
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Article1921 1976-10-01 6 SECTION ONE t INDUSTRIALS r Gr's Gr's I97S Last div Div y'M P/E Vol Day High Low Company Sale +or- c'vr ('000) High Low 215 170 Acma 180 12.ON 1.1 6.6 9.0 200 172 AJcom 206 20.0 1.3 9.7 13.2 100 60 Allied Choc 65 237 1851,921 words
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Article1288 1976-10-01 6 Btd and offer price* officially luted and business In and .reported to the Btock Enhance of Singapore yesterday with the number of share* traded shown In brackets in lots of 1,000 units unless otherwise specified All TUne Settlement Contracts are &*ed after the word "Set." Board deals1,288 words
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Article390 1976-10-01 6 S'pore Govt 5 1/2% Taxable Loan No 2 With A I 1975/ lit Dm 1977 (1.000.000) (101 658 S pore Govt 5 1/2% Taxable Loan No I With A I 1976/Isth April 1978 (1.000.000) (101 458 101.SOS) S'pore Govt 6 3/4% Taxable Loan No I With390 words
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Article1338 1976-10-01 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 Ajinamot*' (1 MB i. A.M. Da» (O.MS). A.P.I. (0 588 01,338 words
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Page 6 Advertisements
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Advertisement77 1976-10-01 6 I i 1. i I ICL congratulates Times Business Publications Limited on the launch of their new Paper, BUSINESS TIMES. tap ICL Tho ntor n th.i in < >n the., :>• 1 i J 1 r;yqrarTi" ;omputoa übi'iij tho Tmv s Put) ICL expands their Singapore operation to include a77 words
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Article470 1976-10-01 7 END-of-the-month covering deals made for alternating trends at the Stock Exchange of Singapore yesterday. On balance prices finished a shade better. During the opening hour, sentiment remained generally depressed as selling orders carried over from Wednesday were being executed through most broking houses. However, the tide470 words
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Article29 1976-10-01 7 THE Stock Exchange of Singapore haa announced that I.A.C. (Holdings) will be removed from the exchange's official list today following its takeover by Caricor of the US.29 words
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Article151 1976-10-01 7 SINGAPORE L'NIT TRUST < Managers' price* for Oct. 1) S pore Growth F.intf 0 82 0.87 The Commerce 1.77 1.86 INCOME pOND UNIT The Saving Fund 1 00 1.05 r r n > S pore Prog. Fund 0.84 0 88xd (Current prices) S pore Security INCOME BOND 1.06151 words
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Article438 1976-10-01 7 THE Kuala Lumpur share market recovered from its initial weakness In the wake of some late buying and covering activity. At the close, gains were scattered across the board. Trading which was fairly active was concentrated in a score of speculative issues including most438 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article867 1976-10-01 7 NEW YORK: Stocks extended Tuesday's sharp decline In moderate trading on Wednesday. Analysts said the market was still feeling the effects of Tuesday's government report of a sharp drop in the August Index of leading economic indicators. Another factor causing Investor concern, they said, was the plight of867 words
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Article249 1976-10-01 7 AMSTERDAM: Shares fell sharply across the board on Wednesday continuing with the recent decline State loans eased where changed. SEPT Fls Ahold 80 20 -1.4 Akzo 28 20 -0 8 Algbank 279 00 -2 AMEV 48 00 -0 3 Amfas 73 50 -1.5 Amrot Bank 66 90 0.6 Bergoss249 words
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Article203 1976-10-01 7 ZURICH: Shares generally edged lowei In moderate trading on Wednesday, dealers said. The Credit Suisse index lost 1.1 points to 208.2. SEPT n Francs Actions Swisses 242* -1* AlusultseBr 1375 •10 Alusulsse Reg US -7 BKQ8L 3360 -8 BKVRN 400 ■4 Brown Boverl Br. 1805 -10 ClbaOetgyBr. 1305 +1203 words
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Article127 1976-10-01 7 MILAN: Market closed mixed In Irregular trading on Wednesday, after a higher opening In the wake of the insolvency of a Turin broker, dealers said. SEPT n Lire Anlc SOI -1 Assoc Gen ***** -90 Bastogi 1013 unch Centra le 7930 unch Flat 1568 +23 Ftnsider 256 25 1.75127 words
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Article147 1976-10-01 7 BRUSSELS: Market continued to decline on Wednesday, depressed by Wall Street and general economic factors, dealers said. Falls Included Coapagale Lambert, I'nion Miniere, Clubecq. Hainaut-Sambre, CB-laao-BM, Tetsenderlo and Arbed, while HoMmi rose. UK stocks were mixed, but all other foreign Issues tended lower. Canadian Petrofina was steady. US Petrofina147 words
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Article250 1976-10-01 7 TORONTO: Renewed weakness set In through the final hour on Wednesday, as stocks closed broadly lower In moderate trading on the Toronto Stock Exchange. Prices had "recovered partly through mid afternoon but. at the end, the TSE Industrial Index was down close to 3/4 of point. Declines led advances250 words
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Article185 1976-10-01 7 FRANKFURT: Shares fell up to two marks in featureless trading on Wednesday, ahead of the month end and this weekend's general elections, dealers said. SEPT n Dm ABO MOO -1.3 Akio AlULeben Alls Vers —> But j Bay H T W bank 158 00 -1.4 Bay Vbank Bayer 132185 words
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Article370 1976-10-01 7 JOHANNESBURG: Golds were off the bottom In quiet trading on Wednesday, following marginally higher bullion indications. dealers said. Financial minings followed producers more slowly, with Anglos gaining five cents to 395. De Beers was two cents firmer throughout the day at 350. Coppers and platinums were steady. The Industrial370 words
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Article322 1976-10-01 7 HONQKONG: The market closed mixed In fairly quiet trading on Thursday, with the main feature a further drop In the Jardiac Matfcw share price to HK$lB from $18.40 on Wednesday. dealers said. The Hang Seng Index fell 0.72 points to 408 Turnover on the four exchanges rose to $23.89322 words
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Article132 1976-10-01 7 MANILA: The market closeC lower across the board In quiet trading on Thursday,, dealers said. Mining issues led the decline on the fall In copper prices. SEPT M Peso* Acoje Mining 0165 unch Atlas Con A 32 50 -0 25 Atlas Con. B. 32 75 -0 25 Bagulo Gold132 words
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Article332 1976-10-01 7 PARIS: The market was lower in thin trading on Wednesday, with investors waiting for President Glscard D'Estalng's television broadcast at night, dealers said. Most shares fell, but banks and other flnanclals were mixed. In the foreign sector, Americans, Germans, Dutch shares, International oils and copptrs lost ground, but some332 words
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Article391 1976-10-01 7 SYDNEY: Prices rallied across the board In a favourable reaction budget on Thursday, dealers said. Energy stocks, particularly uraniums, led the rise, with Peko-Wallsead rising 10 cents to A 55.46, Es Industries 20 cents to $3.40. PancootinenUl 10 cents to $12. The Sydney All-Ordinaries rose 3.69 points to 465.67.391 words
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Article383 1976-10-01 7 TOKYO: The market declined slightly on Thursday, In reaction to the sharp rise of the past two days, dealers said. The Dow Jones average lost 3.69 to 4.830.40 with volume 270 million shares. The new Index closed at 357.73. up 0.31. SEPT M Yen AJlnomoto 478 445 *8 -2383 words
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Article84 1976-10-01 7 SEPT 30 Bants Asia Fibre 109S urvch Bangkok Bank 243 2 Bangkok Invest. 132S unch Bangkok-Metro-politan Bank 2820S unch Bata 301S Berll Jucker 1478 unch Charoong Thai Wire 1438 unch Dumex DusitThanl Fa ber Merlin First Trust Indo-Thai 185S unch J And J Ho 122S unch Jalaprathan Cement 72S84 words
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Article750 1976-10-01 7 LONDON Thurs. The stock market closed off the bottom after a mainly weak session on selling pressure in response to (ears of an increase in the minimum lending, rate, dealers said. Government stocks closed with net falls of around 1/2 to 3/4 point after 1-1/8 points in short and750 words
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Article92 1976-10-01 7 FINANCIAL TIMES INDUSTRIALS Wednesday 330 4 Tuesday 336 1 Week ago 351.8 TINS Wednesday 115.94 Tuesday 116 89 Week ago 106 62 RUBBERS Wednesday 468 94 Tuesday 471.12 Week ago 475.43 OILS Wednesday 347.73 Tuesday 353.43 Week ago 350.03 DOW JONES AVERAGE INDUSTRIALS Wednesday 991.19 Tuesday 994 93 Week92 words
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Page 7 Advertisements
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Advertisement246 1976-10-01 7 ",\V,■.-*:£>.-).& J *•< /i WHOmm J m :v'';V .j?.* ■>- r■ m -<• /> V- 1 v *3 SA ■mP: ws&y.* \>> V %si: v- v v. v •-J' •*&ssB»*4i >; ,v\ J- Vj. I V* 'MM, s 7 < <-: :r K < k"«: '#ji •r" &S2 «r .>*>246 words
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COMMODITY REPORTS AND PRICES
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Article646 1976-10-01 8 THE Singapore rubber market advanced, after a fractionally higher opening, in active trading conditions on speculative demand, dealers said. Turnover was good. The morning session closed higher with Oct. one RSS buyers quoted at 194.25 cents per kilo, up 2.50 cents from Wednesday's close. The afternoon a session646 words
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Article111 1976-10-01 8 DAILY SSR and SMR prices at noon yesterday: R.A.S. Oct. (Current Mth) Buyers Selkrs (ceata per kg) No*. (Forward Mth) Buyers Sellers (cents per kg) SSR 20 (1-ton Pallets) SSR SO (1-ton Pallets) 1T7.50 178. SON 175 00 176.00N 178.50 178 00 179.50N 177 00N M R111 words
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Article244 1976-10-01 8 THE Straits tin price in Penang yesterday continued to fall $1.50 to $1,178.50 per plcul on an official offering down 32 tonnes to 271 tonnes. The overnight London metal price also showed a drop of £55 to £4,900 per tonne in its forward buyers' quote. LONDON, Thurs. Tin244 words
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Article30 1976-10-01 8 Kubber: SepC 30. Singapore: Oct. 1t3.79 cts (up 2.00 cU). Malaysia: Oct. 199.00 cts (up 3.00 eta). Tin $1,178.50 (dbwn 11.90) Official offering: 271 tonne* (down 32 tonne*).30 words
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Article215 1976-10-01 8 LONDON, Thurs. Silver was 2.0p to 1.5p per troy ounce easier. Prices were marked marginally lower at the outset reflecting currency considerations and subsequently lost further modest ground before light shortcovering and some fresh buying partially reversed *he trend. Trading was only routine with 63 lots changing hands. Three215 words
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Article111 1976-10-01 8 BOTH the European and the US markets were traded at easier levels on Sept. 30. The US soya markets continued to have harvest pressure. according to MPOPA. Quotations are In CIF Rotterdam In US* per long ton and CIF US In US cent per lb., unless otherwise stated:111 words
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Article118 1976-10-01 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY Coconut Oil: Bulk *72 sellers, old drum *77 sellers, new drum *82 1/2 sellers. popra Mixed (loose) UK/Cont. *45 buyers. Pepper Muntok ASTA white f.o.b. 100% NLW *287 1/2 sellers. Sarawak white f.o.b 96% NLW*272 l/2*eUers, Sarawak special118 words
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Article214 1976-10-01 8 LONDON, Thurs. Copper wirebars finished the morning with losses of £6 for Cash and 115 for Three Months. Values held relatively steady in the pre-market where some covering against small UK and continental physical business partly offset the Impact of a rally in sterling this morning. Three Months traded214 words
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Article245 1976-10-01 8 ON a low volume, prices on the Singapore gold market drifted slightly lower. The kilo bar traded within a ranee of 559,300 to $9,325 while on a Loco-London basis the price eased gradually to close at U*****.40. During the London morning, the slight easing continued with the fixing at245 words
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Article110 1976-10-01 8 LONDON, Thurs. Lead fell by £8.50 for Cash and £8.85 for Three Months. The tone was easier. Dealers said long liquidation and a few stoploss orders found a marked lack of buying interest d urine ring dealings, and prices fell quite sharply compared with other metals. Three Months traded110 words
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Article83 1976-10-01 8 LONDON, Thurs. Zinc softened by £2.50 for Cafeh and £2 for Three Months. The market was only slightly influenced by the general currency-inspired easier trend of metals but there was very little fresh trading Interest on either side, dealers said. Ring sales of 2,350 tonnes were nearly all carries.83 words
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Article101 1976-10-01 8 LONDON, Thurs. Terminal sugar closed the first call £1.60 per long ton down from Wednesday (Dec at £127.15) to £0.25 higher In basically quiet dealings. Turnover totalled 637 lots. Dealers said the market was somewhat restrained pending the result of the Venezuelan buying tender for 90,000 tonnes. The London101 words
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Article97 1976-10-01 8 LONDON, Thurs. Terminal Cocoa followed on from overnight steadiness both here and In New York, taking prices almost to limit up levels and establishing gains from Wednesday of up to £29.50 per tonne near Dec at £1,662 Spot Sep gained £32 per tonne at C 1,620 but, In accordance97 words
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Article106 1976-10-01 8 LONDON, Thurs. Robusta futures opened slightly steadier with opening trades around £10 per tonne higher based on steadier New York advices and slightly easier sterling. Opening call volume totalled around 170 lots. IN NEW YORK on Wednesday coffee futures rallied sharply after registering an early 1.50 cent loss, but106 words
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Article104 1976-10-01 8 LONDON Thurs. Vegetable oils began easier, but an Increasing demand for soyabean oil found offers light at the lower level. Nov/Jan deliveries of Dutch production traded at 124.50 guilders per 100 kilos but around midday sellers moved up to 126 guilders FOB. Palm oil edged lower initially but found104 words
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MONEY AND EXCHANGES
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Article354 1976-10-01 8 FOLLOWING news that Britain had applied to the International Monetary Fund (IMF) for stand-by credit to support the home currency, massive selling of sterling abated yesterday. The forex market In Singapore saw erratic swings in the currency, unlike the one-way slide earlier in the week. Movement was mainly confined354 words
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Article163 1976-10-01 8 Asian rates ASIAN currency deposit Interbank ratei at at cloae on Sept 30 USDoUai ■•(Spot) Offer BM 7 days 5 5/16 1 mth S 9/lfl 5 7/16 2 mths 5 1/3 3 mths 5 13/16 5 11/16 6 mth* 6 l/» 6 9 mths 6 5/16 6 3/16 12 mths163 words
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Article50 1976-10-01 8 RANGE of prices offered by discount houses on Sept 30. Overnight 2S to 3** Call deposit 2*> to 3 V* UmUM< Bay Sell 3-Month Treasure, bills 3 3/10 3-Month Bank bills 4 5/18 3-Month CD 6-Month CD S 31/16 4 3/16 4 5/16 47/8 Source: National Discount Co.50 words
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Article160 1976-10-01 8 Euro rates LONDON, Thurs. Eurodollar deposit rates opened slightly firmer In slow trading. The overnight rate rose around one half point reflecting the month-end which incorporated the end of quarter, dealers said. Fixed dates gained about 1/16 in sympathy in addition to the customary loss of Friday dealing technicality gains.160 words
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Article52 1976-10-01 8 Minimum lending rates (in Bangkok Bonk 7'/4 Bank of Amartco 7 Bonk of Chtno 7</i Bank of Tokyo 7 Bonk Nagora Indorwsio 714 C bartered Bonk 7 Chou Monhotton 7 DBS 7 HKSBC 7V4 Indosuez 7 Moloyan Bonking '.7 Mitsui Bonk 7 OCBC 7 OUB 7% UCB 7>/i UM0C 7'/i52 words
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347 1976-10-01 8 Reuter TOKYO, Thurs. The Finance Ministry Is reviewing its policy for managing national bonds to bring flexibility into the present rigid controls over their floatation and circulation, Ministry officials said. This will probably lead to more frequent changes in national bond Issue terms toReuter - 347 words
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185 1976-10-01 8 Reuter SINGAPORE, Thurs. Exports of sheet and crepe rubber from Singapore and Peninsular Malaysia rose in May to 137,675 tonnes from 122,240 tonnes in April and 135,616 tonnes in May last year, statistics department figures show. Of the May exports (April In brackets) the UK tookReuter - 185 words
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Article517 1976-10-01 8 LONDON, Thurs. Sterling steadied around the U551.6650 level In thin opening trading while the mark firmed on strong closing levels, polarising strong and weak European currencies. The Swiss franc rose with the mark while the guilder, French franc, Belgian franc, lire and Scandinavian currencies all weakened. Dealers said the517 words
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Article234 1976-10-01 8 NEW YORK, Wed Sterling closed more than two cents above its overnight level while the dollar weakened on balance amid speculative flows into the mark, dealers said. Sterling, buoyed on news that Britain intends to apply for an International Monetary Fund credit, received a further boost in afternoon234 words
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Article116 1976-10-01 8 TOKYO, Thurs. The US dollar for overnight delivery closed lower at 287.30 yen compared with 287.50 at the opening and 287.45 at Wednesday' close. Dealers said the US unit eased on increased sales of dollar export bills by traders to banks to improve their end-month positon. Although there was116 words
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Article35 1976-10-01 8 Hongkong banknotes quoted on Sept 30. Korea 0.90/0.95 US 4.85/4 87 Philippines 0.595/0.625 UK 8.10/8 30 Singapore 1.945/1.965 Burma 2.00/2.50 Mtlaysia 1.91/1.93 Brunei 1.935/1.955 India 4.40/4.70 Thailand 24.10/24.40 Indonesia 1.12/1.16 Taiwan 12.20/12.50 Japan 1.685/1.69535 words
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Article32 1976-10-01 8 Frankfurt exchanges US 2.4507/22 Can 2.5230/40 UK 4.080/095 Neth 95.40/55 Swltz 99.81/96 Italy 2.853/868 opening quotes on Sept. 30 France 49.69/84 Norw 45.81/87 Belg Com 6.470/485 Belg Fin 6.29/31 Japan 0.8530/35.32 words
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Article40 1976-10-01 8 ZURICH exchanges closing US 2.4565-4575 UK 4.0875-0930 Can 2.5290-5310 W'germ 100.13-22 Neth 95.64-73 France 49.64-50.00 Belg 6.47-1/4-48 Denm 41.59-64 quoted on Sept 29. Norw 45.92-96 Swed 57.29-35 Italy 0.2879-2892 Austria 14.11-13 Port 7.85-88 Spain 3.62-1/4-63 Arg 1.25-2.25 Japan 0.85-1/2-8640 words
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Article46 1976-10-01 8 AUSTRALIA/NZ exchanges Australia: Sterling 0.7748/0.7370 US dollar 1.2398/1.2348 Ninety day air mail buying rates. Sterling US* 0.7763 1.2681. Ninety day forward buy- quoted on Sept. 30 ing rates. Sterling U550.7554 1.2237. New Zealand Sterling 0.5857/Q.5823 US dollar 0.*****0.9709 Nlneth day forward rate. Sterling U550.6275 1.0005.46 words
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Article281 1976-10-01 8 LONDON, Thurs. Straight bond Issues were quietly steady, dealers said. Prices were virtually unchanged with no features. General Motors Acceptances Crop of Canada 9 per cent notes due 1981 priced at 100-y» traded around 100 and the 9-K per cent debenture issue due 1988 priced at 100 traded281 words
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Page 8 Advertisements
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Advertisement136 1976-10-01 8 THE CANON NPSOOO Canon's latest introduction to this region, the NP 5000. A high speed plain paper copier, setting new high standards in copy capability Six Features Found in the NP 5000 High copy speed-22 copies per minute Various sizes up to A3 (420 mm x 297 mm) Push-button double136 words
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TRANSPORT AND COMMUNICATIONS
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1658 1976-10-01 9 A ROBINSON - h A ROBINSON Financial Times TURIN, Thurs -Over the last three difficult years for the automotive industry, Flat has managed to pay dividends only by dipping Into reserves, foreign imports have climbed to take 40 per cent of the domestic car market, a boardroomFinancial Times - 1,658 words
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798 1976-10-01 9 TERESA LIM - •y TERESA LIM THE Singapore National Shippers' Council (SNSC) has long been hitting out at shippers for. their apparent apathy and lack of support. But it seems impossible that only 209 shippers out of 5,000 are members of the SNSC, If benefits from membership are798 words
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Article, Illustration184 1976-10-01 9 IN KEPPEL WHARVES American Malt 10/11 Arkady Kamanln (UEZJ) 24 Cherry Vllja (B. Barge) 48 Duma* 23 Dlcto 38/39 Hoegh Pilot 13/14 Lumut 21 West Li Shan 33/34 McKlnney Maersk 45 Pabloeverett 40/41 Patagonia Argentina 6/7 PeraJc 20 West Shoyo Maru 10 Tettbank 46. PASIR PANJANQ WHARVES184 words
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113 1976-10-01 9 Reuter BREMEN, Thurs Bremer Vulkan Schlffbau Und Maschinenfabrtk and two other German shipyards have received an order of around 400 million marks to build 12 16,(TOO tonne freighters for Indonesia. Tne order is conditional on part of the value being covered by grants byReuter - 113 words
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Advertisement156 1976-10-01 9 IT ALL SIARTH> WITH A BICYCLE, A SFANNR AND A SCREWDRIVER WS&^%£i3B& "PA X "SaVft 1 c-w .Kr FV-, jVJ- 3fi Stippfc .r. v 'V •< m Sfe -rV JV, vV 5 r7H S£ VL*&*vm£F J s& 1 V* S&K SM 7 it;- to£ r- <?.?-■ :=>'■ A -j*-;.,. vis156 words
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838 1976-10-01 10 C.P.F. THE PROTECTOR AND PROVIDER THE ctflln money fund that is what the CUmm have called the Central Provident Fund Board (CPF) for many year*. To the older generation, unused to enforced savings, the money put aside for their retirement is no better than money for their burial. To them,838 words
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Article, Illustration1929 1976-10-01 10 QUEK PECK LIM - SINGAPORE'S BaNQUE D'AFFAIRES By QUEK PECK LIM WHAT do you can a corporation that owns a stake in 72 companies, is a major force In the interbank market, is a recognised name in the International money market, comes equipped with a whole plethora of financial1,929 words
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Advertisement408 1976-10-01 10 r MANAGING DIRECTOR ervone is at voor finger Hp! SUPERVISOR *IT L AIPHONE '0\ \> A TE <* > V v- to r> r> a*. iin r» WITH AIPHONE The internal intercom for instant communications No matter ho* tarye ycur organisation, you can locate him within seconds with the help408 words
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Article273 1976-10-01 11 Dec 5 date for Japan polls? Reuter TOKYO, Thurs. Government sources today predicted, the most likely date for Japan's forthcoming general election was Sunday, Dec 5. They noted that the term for members of the Lower House of the Diet (parliament) expired on Dec 9, but for various reasons itReuter - 273 words
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Article137 1976-10-01 11 UPI TOKYO, Thurs. Export and import contracts concluded by Japan's 14 major trading firms in August declined from the preceding month, their parent organisation announced yesterday. The Japan Foreign Trade Council said export contracts totalled 751.1 billion yen (596.25 billion), down 5.9 per cent from July, while importUPI - 137 words
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Article270 1976-10-01 11 AP OTTAWA, Thurs. The head of the International Energy Agency has warned that Arab oil producers may not be able to fill the increasing demands of the Western industrial world by 1985. "The pieture is not too encouraging," said Mr. Ulf Lantzke, executive director ofAP - 270 words
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Article94 1976-10-01 11 Reuter MOSCOW, Thurs. The Soviet Press said that the Soviet grain harvest is nearing completion as the weather snows signs of approaching winter. A report by the central statistics board quoted by the government newspaper Izvestia said that by Sept. 27, 115.8 million hectares has been reapedReuter - 94 words
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242 1976-10-01 11 AP BRUSSELS, Thurs. Unemployment is growing more slowly in some countries of the European Common Market but faster in Britain. In figures compiled from national sources by the European Commission, the Common Market executive, West Germany is the only country to show aAP - 242 words
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Article190 1976-10-01 11 Reuter BRUSSELS, Thurs. Member countries of the EEC should aim for at leaat five per cent Grot* National Product growth between now and 1980, should cut unemployment by half to two to thjree per cent and should get inflation down to four orReuter - 190 words
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260 1976-10-01 11 UPI HONGKONG, Thurs. In the business world, the 21st century will belong to South-East Asia, the chairman of an International banking consortium has said here. Chairman David Montagu of the Orion Bank, passing through Hongkong on his way to the International MonetaryUPI - 260 words
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Article223 1976-10-01 11 UPI GENEVA, Thurs. Seamen are facing increasing unemployment in the shipping Industry which is suffering severely from the economic slump, the International Labour Organisation (ILO), has said. "Unemployment among seafarers will grow over the next few years in most developed maritime countries," the ILO saidUPI - 223 words
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Article611 1976-10-01 11 AP LONDON, Thurs. The Third International Coffee Agreement (ICA), which took five years and as many major deadlocks to negotiate, came Into force provisionally today. Italy, West Germany, Australia and Japan on Wednesday signed or gave notification of joining, thus giving the new pact 90AP - 611 words
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1101 1976-10-01 11 OPTION OCT JAN APL STOCK Alcoa 45 14 1/4 UNTRD NOL 58 1/1 Alcoa SO 1/4 10 UNTRD 59 1/2 Alcoa S5 5 6 1/8 NOL 90 1/2 Alcoa 60 1 2 9/8 59 1/2 Am Tel 90 10 1/2 10 9/8 UNTRD 601,101 words
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Article100 1976-10-01 11 Reuter DENVER. Thurs. US short-term interest rates should rise 100 to 150 basis points by end-1977 from their present levels, of seven or 6-3/4 per cent for prime rates. Bank of America NT and SA senior economist Eric Hayden said. He told the AmericanReuter - 100 words
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Advertisement213 1976-10-01 11 MANAGEMENT COURSES FINANCE FOR NON-FINANCIAL MANAGERS 19 20 October Singapore 16 17 November Kuala Lumpur 6-7 December Singapore Accounting Reports; Liquidity and Profitability; Evaluating Business Potential; Reserves and Equity; Forecasting; Financial Analysis; Financing the Organisation. PLANNING BUDGETARY CONTROL FOR MANAGERS 25 26 October Singapore 23 24 November Kuala Lumpur 9—lo213 words
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Advertisement371 1976-10-01 11 n r Yale FORKUFT TRUCKS Worldwide leaders in productivity Yale offers the most comprehensive range of forklift trucks from 1,200 pounds to 120,000 pounds. Your choice of power diesel, petrol, LPG or electric. For sales, service and spares Consult: L.J INDUSTRIAL AGRICULTURAL DISTRIBUTION CO. PTE LTD. (Incorporated in the Republic371 words
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284 1976-10-01 12 Reuter MANILA, Thurs. International Monetary fund and World Bank officials said tonight Taiwan's membership in the two bodies could become a major issue at their joint annual meeting here next week following China's call today for Taiwan's expulsion. The IMF declined immediateReuter - 284 words
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Article295 1976-10-01 12 MANUFACTURING loans in August showed a spirited revival, leaping 2.2 per cent or 30 per cent annualised. This was revealed by the September issue of Monthly Statistical Release from the Monetary Authority of Singapore (MAS) This strong resurgence is a verv healthy sign that manuiu'295 words
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Article307 1976-10-01 12 Reuter MANILA, Thurs. President Ferdinand Marcos said offshore banking can start in the Philippines immediately. "This is a further step towards meeting the requirements of a sophisticated financial market," he told a seminar organised by the Financial Times. Guidelines for the operation of the banking systemReuter - 307 words
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Article, Illustration123 1976-10-01 12 KUALA LUMPUR, Thurs. Malaysia today appealed to developed countries to give "fair treatment" to its products. Deputy Trade and Industry Minister Datuk Mohamed Rahmat made the appeal in particular to France calling for a spirit of give and take. He said that Malaysian products like textiles, palm123 words
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Article269 1976-10-01 12 THE OPENING of the $100 million Oversea Chinese Banking Corporation (OCBC) Centre today marks the culmination of a longcherished dream of OCBC chairman, Mr. Tan Chin Juan. It will rank as the biggest Urban Renewal project to date, and will stand as the latest269 words
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Article, Illustration900 1976-10-01 12 KUALA LUMPUR, Thurs. The resignation of Tengku Razaleigh Hamzah as the chairman of Petronas and the appointment of Tan Sri Abdul Kadlr Shamsuddln, although not altogether unexpected, has caused a ripple in the petroleum circles. Although no ohe would say so900 words
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559 1976-10-01 12 THOUGH showing considerable recovery, Sime Darby results have been disappointing. Against an expectation of $140 million in group pre-tax profit, it was only able to turn in $130 million for the year ended June 30, 1976. With most other subsidiaries doing well, it is559 words
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Article, Illustration484 1976-10-01 12 THE finer details of a document on options trading In London are expected to be finalised within the next six weeks. Yet even now, there is no guarantee that options trading will go full steam ahead. This was disclosed to Business Times, In an484 words
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Page 12 Advertisements
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Advertisement78 1976-10-01 12 i. The results of an explosion in a boiler. This photograph clearly illustrates the wide-spread devastation which can result from such an explosion. X engineering insurance How much would a serious breakdown of your plant cost the company in repair charges and lost production? We can pay for these losses.78 words
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Advertisement227 1976-10-01 12 NKR s ti A THE NAME IN REFRIGERATION AND STAINLESS STEEL EQUIPMENT l FABRICATIONS A k'A K i Kt M i A 1 I m V/ r i m 'IVr *2 <4 MB 72 J I a On VJ .2 •j4l* MP l gffyxi if i(M|t M «fl NKR MANUFACTURES:227 words
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