The Business Times, 5 October 1976
1976-10-05
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The Business Times
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Title Section10 1976-10-05 1 BUSINESS TIMES M.C.(P) 1456/76 TUESDAY, OCTOBER 5, 1976 50 CENTS10 words
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NEWS SUMMARY
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Article81 1976-10-05 1 UPI TAIPEH, Mon. A defected Chinese Communist Party official today alleged In a newspaper here that Chinese Premier Hua Kuo-feng Is the son of the late Chairman Mao Tse-tung. Wang Hun, who served for 12 years as a political commissar In the People's Liberation Army beforeUPI - 81 words
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Article70 1976-10-05 1 AP Reuter GENEVA, Mon. The German mark eased at Swiss foreign exchange markets early today following the German Chancellor's statement that his government had no plans for an upward revaluation of the country's currency. Dealers said a decrease in demand for the German currency made It decline fromAP; Reuter - 70 words
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Article52 1976-10-05 1 AP LONDON, Mon. Britain's reserves of gold and foreign currency rose by US$l29 million (Ss3l6 million) in September, the Treasury announced today. This followed accruals of foreign currency borrowing of $336 million. It said that at the end of September the nation's reserves stood at $5,158AP - 52 words
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Article54 1976-10-05 1 MANILA, Mon A formula to eliminate absolute poverty the "global compact" was put forward by World Bank president, Robert McNamara here yesterday. He called upon the nations of the world to reach a basic understanding a "global compact" to eradicate absolute poverty by the end of this54 words
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Article35 1976-10-05 1 BONN, Mon. Chancellor Helmut Schmidt's survival as the West Oerman Chancellor after yesterday's general elections hinged today on his Social Democratic Party's Junior coalition partner the Free Democrats renewing pledges to remain together.35 words
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Article50 1976-10-05 1 UPI AMERICAN Secretary for Agriculture Earl Butz, who made an obscene disparaging racial remark, resigned last night after a meeting with President Ford in the White House. Mr. Butz, 67, said he volunteered the resignation. He has been a cabinet member for five years. UPI (See Page 2)UPI - 50 words
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Article44 1976-10-05 1 UPI NEW YORK, Mon. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 978.64, down 1.25; 20 transp 214.49, down 0.61; 15 utlls 97.90, up 0.16; 65 stocks 307.60, down 0.39. UPI.UPI - 44 words
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Chief Price Changes
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Article, Illustration200 1976-10-05 1 SHARE prices tumbled at the Stock Exchange of Singapore yesterday as sellers took to the trading floor from the opening bell, of the weakest sessions in a fortnight. The Business Times index fell 6.75 points to 265.47 while the Straits Times Industrial average was down 2.02 points200 words
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Article102 1976-10-05 1 Foils Most active M Banking DBS. U.O.B O.C.B.C. N. Iron Gentlng Pan Electric C.C.M. Inchcape Sanyo S. Darby U.M. Flour S.K. Chan K.O. Holdings $6.20 S3 98 $4.08 $8 40 $3.80 $2.80 $2.80 $4.20 $2.43 $1.84 $3.78 Rims $1.45 $1.80 $1.15 .15 -.14 .14 -.10 -.10 .09102 words
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915 1976-10-05 1 COLIN CHEE - US$l95 MILLION ASIAN BONDS FLOATED h COLIN CHEE SINGAPORE'S fledgling Asian dollar bond market is now showing every sign of being ready to go into the big league with borrowers coming to the market with Increasing frequency. After the dormant period in 1973 and915 words
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Article746 1976-10-05 1 SOH TIANG KENG - •r SOH TIANG KENG MANILA, Mon. Pomp and ceremonial splendour marked the opening of the joint World Bank International Monetary Fund meeting at the magnificent International Convention Centre here today. Speakers lost no time In getting straight to grips with down-to-earth economic problems abject world746 words
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Article438 1976-10-05 1 KUALA LUMPUR, Mon. An already confident rubber market leaped today to a high of 211.5 cents per kilo for November RSS 1 on the Kuala Lumpur exchange. Brokers, who have Just Installed computer terminals to receive continuous reporting of market prices had an exciting morning438 words
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338 1976-10-05 1 Reuter LONDON, Mon Former British Foreign Secretary Lord George-Brown today attacked last Saturday's editorial In the London Times which said that financier Jim Slater should not be extradited to Singapore because he could not expect a fair trial. Lord George-Brown, who In the 1960'sReuter - 338 words
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290 1976-10-05 1 KUALA LUMPUR, Mon. Datuk Hussein Onn hat directed the Labour Ministry to bold "detailed" discussions with the MTUC with a view 'to reviewing some of the labour laws in the country. This follows a four-hour meeting between the Prime Minister and a290 words
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Article445 1976-10-05 1 SMALL, well run and profitable private companies are very much in demand these days by Singapore's corporations in search of diversification. Behind the hotly contested bid for H.A.O'Connor, a less publicised approach is being made to another Singapore company. This is Mechanical and Combustion445 words
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Article109 1976-10-05 1 LONDON, Mon..— Britain's shaky pound defied" expectations today and strengthened in dollar terms. Compared with Friday's closing rate, the mid-day price today was nearly one US cent higher, at U551.6785 to the pound. It closed on Friday at U551.6690. Foreign exchange dealers had expected109 words
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Page 1 Advertisements
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Advertisement58 1976-10-05 1 'ffn I'..'!! cf^Sgre^' IS SEE PAGE 11 uccu a (See Page 2 mm Foreign NewV TV ft Radio News/Foreign Feature* Local Co. News Fftaeign Co. News Local Stocks Overseas Stocks P| P| 2 Commodities P| Transport ft ComPg 3 munications P| P| 4 Features Pg J*g 5 News ft Features58 words
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Advertisement53 1976-10-05 1 mm I THE CITY SHOP FOR MEN WE ARE THE COMPLETE OUTFITTERS FOR MEN AND STOCK A FULL RANGE OF TOILETRIES AND PERFUMES FOR YOUR LADY TOO n _irrj ROBINSON'S SINGAPORE ONE SHOP Ist Floor, The Gallery, Straits Trading Building Battery Road, Singapore 1 Tel: ***** BUSINESS HOURS: MONDAYS TO53 words
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Advertisement96 1976-10-05 1 U-BIX COMPLETE COPYNG SYSTEM APS ELECTRONICS (PRIVATE) LIMITED Snifwn T». uwxc CS L«ni APS ELECTRONICS (M) SON BHD KUALA LUMPUR T« 20M7?'»140 fcXPORT. GOOD FORYOUR DUSINCSS, GOOD FOR SINGAPORE. The Chartered Bank takes the complications out of export and puts the service in. More than 1500 branches all over the96 words
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Article250 1976-10-05 2 UPI TOKYO, Mob. Prime Minister Takeo Miki, who recently survived drive from his ruling liberal Democratic Party to oast him, expressed strong desire today to remain in power. Miki, 69, said at a meeting of the Budget Committee of the Upper House of the DietUPI - 250 words
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Article82 1976-10-05 2 Reuter ABU DHABI, Mon. Indian President Fakhruddin All Ahmed arrived here today for a four-day state visit to the United Arab Emirates (UAE), the first by an Indian head of state. UAE President Sheikh Zaid bin Sultan was at the airport to meet the Indian President whoReuter - 82 words
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417 1976-10-05 2 Reuter TOKYO, Mon Japanese authorities, boosted by Britain's renunciation of its civil aviation agreement with the United States, were expected to take a tough stand as they opened talks with US officials on the trans-Pacific passenger market. The Japanese are seeking aReuter - 417 words
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Article200 1976-10-05 2 Reuter STOCKHOLM, Mon. Sweden's Central Bank announced tonight it would raise Its discount rate from six per cent to eight per cent from tomorrow. The bank also raised from 10 to 11 per cent the rate at which it lends money to other banks. TheReuter - 200 words
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Article23 1976-10-05 2 AP LISBON, Mon. Local elections completing Portugal's transition to clvldllan democracy will be held on Dec. 12, the Government has announced.AP - 23 words
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405 1976-10-05 2 Butz' jokes black mark for Ford? AP UPI Reuter SAN FRANCISCO, Mon. President Ford arrived here today to prepare for Wednesday's foreign policy debate with Mr. Jimmy Carter trailed by a political storm over derogatory remarks about blacks by Agricultural Secretary Earl Butz. There were demands that Mr. Ford fireAP; UPI; Reuter - 405 words
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219 1976-10-05 2 Reuter SEOUL, Mon. President Park Chung Hee today declared that South Korea's forthcoming five year plan would boost the economy so much that North Korea would never be able to catch up. The President said that the country's per capita Gross National Product (GNP)Reuter - 219 words
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308 1976-10-05 2 Reuter HONGKONG, Mon. China has built up many small cities and towns in outlying and sparsely populated areas in the interior and border regions, the New China News Agency reported yesterday. In a report monitored here, the agency said the capitals of manyReuter - 308 words
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Article, Illustration161 1976-10-05 2 UPI TEHERAN, Mon French President Valery Discard d'Estalng arrived here today by the Anglo-French supersonic Concorde for a threeday official visit and French government officials appeared confident that the trip would give a decisive push to French efforts to win a larger slice ofUPI - 161 words
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Article68 1976-10-05 2 AP FAIRBANKS (Alaska), Mon. Construction of the Bering Sea's first offshore drilling rig is complete, says the Atlantic Richfield Oil Co. (Arco) Arco said Saturday the project, known as Ocean Ranger, will study rock formations for their petroleum potential. Drilling will be done in a dryAP - 68 words
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474 1976-10-05 2 AP EGLETONS (France) Mon Former Premier Jacques Chirac pledged yesterday to lead a renewed Oaulllst Party to victory in 1978 national elections and hinted that he might run for the presidency in 1981. In his first major speech since resigning five weeks ago, MrAP - 474 words
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Article43 1976-10-05 2 AP SEOUL. Mon. Canada and South Korea today opened a four-day conference on Canadian import quotas on Korean textiles in 1977. Canada reportedly plans to add sweaters and socks to the list of Korean textiles subject to import quotas. APAP - 43 words
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Article66 1976-10-05 2 UPI CAIRO. Mon. Egypt is attempting to get long-term loans from a number of Western countries and Japan, In order to meet the deficit in its balance of payments and finance an ambitious five-year economic development plan. Finance Minister Ahmed Abu Ismail said yesterday. The required amountUPI - 66 words
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Page 2 Advertisements
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Advertisement198 1976-10-05 2 The Corporate Dollar Capital Working Capital Overheads Taxes Reinvestment Idle Cash -t. W* w 2J m w ll 1 'fe <» t|i, 2 m m SiSSSSi "T \ponc y P*wr Put your idle cash to work with American Express International Banking Corporation Whether you do business in one currency or198 words
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Page 2 Miscellaneous
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Miscellaneous230 1976-10-05 2 SINGAPORE 5 3.00 PM Opening announcements followed by Spectrum (English) (r) 330 Diary of Events (English) 335 Magazine Zero One (r)* 3.50 General Hospital 430 Intermission 6.00 PM Opening announcements followed by Flying Nun (r)* 630 News in brief# 635 Noddy* 7.05 Evidence Of Progress (r)* 730 News in Malay*230 words
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Article1126 1976-10-05 3 PETER FIELD - By PETER FIELD Financial Times PERHAPS a new "law" needs to be formulated to describe the relationship between Britain and the oil millionaires of the Middle East. This could run: the Influx of Arabs and Iranians into Britain, and their impact on the property market andFinancial Times - 1,126 words
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Article, Illustration933 1976-10-05 3 NYT BONN, Mon. Mr. Helmut Schmidt has always been a lonely man, driven by ambition and a cool. Protestant North German self-esteem that has often repelled the clubby politicians in his own party. In the past two and a half years as Chancellor, he was driven byNYT - 933 words
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893 1976-10-05 3 LEOMAD SILK - By LEOMAD SILK NYT NEW YORK, Mon The seers of ancient Rome used to take aDart and interpret the entrails of chickens, and the seers of contemporary Wall Street try to read the weekly fluctuations of the money supply. Since the money supply keepsNYT - 893 words
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293 1976-10-05 3 AP WASHINGTON, Mod. Eleven major U.S. corporations paid no income taxes in 1975, while 27 others paid taxes at an effective rate of less than 10 per cent, Congressman Charles A. Vanik said last week. Mr. Vanik's findings were contained in his fifthAP - 293 words
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Article219 1976-10-05 3 Reuter SALISBURY, Mon. Bishop Abel Muzorewa, a black nationalist leader with a following of thousands, made a triumphant return from self-exile yesterday and accused Washington of planning to place his arch-rival In power. Bishop Muzorewa, a Methodist prelate who presides over one of two rivalReuter - 219 words
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252 1976-10-05 3 Foreign investments in Asia rising survey Reuter TOKYO, Mon. Foreign capital Investments in Asian countries have been rapidly Increasing In the past decade, with the total balance coming close to US$lO billion as of the end of 1975, a Bank of Japan survey said. The survey, on the Intake ofReuter - 252 words
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369 1976-10-05 3 Reuter LONDON, Mon. The UK Government will probably Introduce a temporary Import deposit scheme now that It Intends to apply for remaining credit facilities totalling US$3.9 billion from the International Monetary Fund, stockbrokers Phillips and Drew said. In an additional note on its latestReuter - 369 words
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208 1976-10-05 3 Reuter TOKYO, Mon Japan's letter of credit exports rose 14.8 per cent in September to U553.72 billion from the same month last year, the Finance Ministry said. This was the 10th consecutive year-to-year gain, the ministry said. The ministry said the September total wasReuter - 208 words
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Article79 1976-10-05 3 Reuter HONGKONG, Mon. Exports from Northern Vietnam have increased 41.87 per cent in the past nine months over the same period of last year, the Vietnam News Agency reporte Output of jute and woollen carpets, potatoes and coffee, rose by up to 100 per cent the agency, monitoredReuter - 79 words
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Page 3 Advertisements
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Advertisement58 1976-10-05 3 kHTS FROM REDIFFUSION The Most Reputable TV Rental Services Company in Town We have a wide range of models to wit every budget. Call at our showrooms now. 112. CtemMcuu Annua Tat: *****1 I 233. Paapia s Park Cwnptax. Ist Raw TaJ: *****5 149. Jaa CMal Road Tai: *****9 359.58 words
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Advertisement145 1976-10-05 3 mv L M U3J > c U'X is a ri I I jt < ,,c v r- i. V I i- M v 4 vr r c *#*i >- A* rv r > r r <** i > n*>vn r J fife t ni P; V. .V-v 6Z. l*v V145 words
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COMPANY NEWS
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325 1976-10-05 4 THANKS to Its Improved cost and inventory control. Rothmans of Pall Mall (Malaysia) reported a handsome profit for the year ended June 30. 1976. These measures which were aimed at combating inflationary cost pressures that had eaten into the group's earnings last year, have325 words
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458 1976-10-05 4 ONCE again in the first half of this year Pegi Malaysia has profited from the success of its associate PanElectric Industries, but this source of growth may not be round again for a while. For Pan-Electric has recently reported results for the first458 words
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Article99 1976-10-05 4 Encik Abdul Rahim Aki has resigned as managing director of Perils Plantations. However, he remains a director of the company. Mr. Khor Chin Poey has been appointed a director. He has also been appointed to the post of executive director. Mr. Lee Hee Seng has ceased to99 words
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738 1976-10-05 4 PA HANG Consolidated and Faber Merlin Malaysia have announced moves to settle a loan in what appears to be an attempt to resolve the impasse after their directors were charged by the Kuala Lumpur Stock Exchanse last June of creating a false market738 words
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690 1976-10-05 4 AFTER going through a difficult year when group pre-tax profit fell 30 per cent to M 58.33 million, Island and Peninsular Development Is expected to make a good recovery in the current 12 months ending March 31, 1976. With most of690 words
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Article234 1976-10-05 4 AJINOMOTO (Malaysia) looks all set to continue Its profit uptrend In the current year. At half-time, ended June 30, 1976, group pre-tax profit Is already 20.3 per cent higher at MSI.6 million, with a forecast of a similar level of profitability for the current six months.234 words
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Article350 1976-10-05 4 DELAY in acquiring mining titles has become a major problem at Kramat Tin Dredging and the consequent difficulties are likely to adversely affect Its earnings for the current year ending March 31, 1977. The difficulties began to affect its operations from the second half of350 words
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Article514 1976-10-05 4 Current Ex Date Total for Total for payment Date Payable the year previouayear Cm. Plant 55* Oct. 28 Oct. 8 80* 50* J.C.-M.P.H. 8* Sept. 16 Oct. 7 8* 8* Sci. Dredging 40% Sept. 7 Oct. 8 40* 7.5* G.E. Life 9*+ 8ept. 27 Oct. 9 9*+ 26*514 words
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320 1976-10-05 4 A NEAR doubling of Interim pre-tax profit has been reported by Malayan United Industries on a fourfold Jump in interest income. Pre-tax profit for the first six months ended June 30, 1976, rose from M 576.220 to $145,883. Interest income rose from $90,349 to $348,199320 words
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Article305 1976-10-05 4 WITH the improvement In the economic climate, Acma Electrical Industries Is back or) the recovery path in the current year. Group pre-tax profit Is ahead by 6.1 per cent to $1.09 million for the first six months ended June 30, 1976. The results would have been a good305 words
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Latest results
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Article42 1976-10-05 4 FEDERAL CABLES, WIRES METAL MANUFACTURING Group pretax loss M 53.21 million (profit $2.61 million) for the year ended Dec 31, 1976. Tax $346,000 ($1.27 million), extraordinary losses $341,000 (nil) and minorities $759,000 ($237,000). Net loss $3.14 million (profit $1.10 million).42 words
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Article36 1976-10-05 4 STRAITS TRADING Parent company pre-tax profit $11.03 million ($11.70 milliQn) for the first halfyear ended June 30. 1976. Turnover was $379 million ($307 million). Group pre-tax profit, reported earlier, was $13.66 mtflion ($13.03 million).36 words
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Article27 1976-10-05 4 KAMUNTING TIN DREDGING Pre-tax profit 1140. 610 (t.853,008) for the year ended March 31, 1976. Extraordinary gains 1360.405 (nil). Tax 169,008 1527,934). Net 1432.007 (1325,074).27 words
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Article527 1976-10-05 4 UNAUDITED pre-tax profit at Highlands and Lowlands Berhad declined by 2.9 per cent to MS13.7 million for the first six months ended June 30, 1976, despite higher turnover and the better price obtained for its rubber crop. Rubber crop increased by 47.8 per cent527 words
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Article185 1976-10-05 4 SINCE the heyday of 1974, Paper Products (Malaya) has come a long way down, hitting one bad patch after another. In the six months to endJune, group pre-tax profit plumetted 74 per cent to $277,125 despite a 21 per cent Increase In sales to $15.73185 words
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Page 4 Advertisements
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Advertisement268 1976-10-05 4 Which bank cut the world down to size, just for you? We did. Bank of America. Through our new World Banking Division, we've divided up the world of business into four, easv-to-manage parts: North America; Latin America; Europe. Middle East and Africa; and the Far East. With offices in key268 words
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INTERNATIONAL COMPANY NEWS
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641 1976-10-05 5 RICHARD ROLFE - By RICHARD ROLFE Financial Times LONDON, Mon. Union Corporation's plans to tidy up its industrial interests, which it wants to convert from strategic portfolio investments into subsidiaries principally by means of a bid for its associate company, Geduld Investments, has run into trouble in Johannesburg.Financial Times - 641 words
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Article157 1976-10-05 5 Reuter LONDON, Mon. The Confederation of British Industry said it believes more rapid output growth will be resumed from now through to 1977. with the increase being fast enough to reduce unused capacity. In its 'end-September economic situation report the CBI said increased growth will almost whollyReuter - 157 words
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Article29 1976-10-05 5 Reuter OSAKA, Mon. Kubota said it established two over--seas representative offices in Jakarta and Athens to boost its export business for agricultural machines, tractors and other products. Reuter.Reuter - 29 words
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Article83 1976-10-05 5 Reuter TOKYO, Mon. Tokyo Shibaura Electric (Toshiba) announced that a group of four Japanese and West German firms has received a 15 billion yen order from Venezuela for the export of five 805,000 kw hydro generators. The group comprises West Germany's Siemens and Japan's Hitachi, Mitsubishi Electric CorpReuter - 83 words
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Article113 1976-10-05 5 Reuter TOKYO, Mon. The Finance Ministry said it presented its plan to issue five-year discount mediumterm government bonds to an underwriting syndicate. The ministry said the amount of issue will be about 300 billion yen a vear for the time being. It added interest rates andReuter - 113 words
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Article125 1976-10-05 5 Reuter PORTLAND, Ore, Mon. Georgia Pacific Corp said it expects to report record sales and earnings for both the third quarter and nine months of 1976. in a statement, the company placed third quarter net at 56 US cents per share, up from 45 cents aReuter - 125 words
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101 1976-10-05 5 Reuter SYDNEY, Mon. Commercial Banking Co of Sydney chairman, Mr. Gregory Kater, has called for an easing of existing quantitative restrictions on bank lending. He told the annual general meeting these restrictions should be eased in favour of more marketoriented policies. He welcomed theReuter - 101 words
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Article134 1976-10-05 5 Reuter LONDON, Mon. United Dominions Trust announced it sold for cash its whollyowned subsidiary UDT (Hongkong) to Barclays Bank International effective Oct 1. The consideration, equivalent to HKI20 million, compares with a net asset value at March 31, 1976 of $16 million. The net profit before taxReuter - 134 words
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Article51 1976-10-05 5 Reuter LONDON, Mon. De Beers Industrial Corp said its rights issue of 2.75 million ordinary shares at six rand per share was accepted by holders of 93.86 per cent of the shares. The balance has been taken up by De Beers Consolidated Mines, the comjpany added.Reuter - 51 words
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Article998 1976-10-05 5 STEVEN RATTNER - By STEVEN RATTNER NYT NEW YORK. Mon. A fortnight ago, the American Bank and Trust Company collapsed in New York, an apparent victim of shoddy management, self-dealing, and corruption all set In an atmosphere of International Intrigue. Banks, of course, fall, but closings are rarelyNYT - 998 words
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Article57 1976-10-05 5 Reuter TORONTO, Mon. Col-gate-Palmollve expects to report an 11 per cent Increase in 1976 profit over the C 51.73 a share earned in 1975, the chairman, Mr. David Foster, said. Mr. Foster told reporters after a financial analyst's meeting 1975 sales should be up about five to six perReuter - 57 words
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Article44 1976-10-05 5 Reuter ZURICH, Mon. Calsse Central de Cooperation Economique of Paris plans to float an 80 million franc 15-year loan on the Swiss bond market from Oct 11 to 14, secondary market sources said. Coupon and issue price are not yet fixed. Reuter.Reuter - 44 words
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Page 5 Advertisements
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Advertisement125 1976-10-05 5 1 E <c A MASTERPIECE It's a new Peugeot. The first of a new generation of large saloon cars. The 604 is not futuristic, pretentious or 'trendy'. It's a great car. It has extra inches inside not outside. The 2.6 litre Peugeot 604 with itsV-6 engine combines power with flexibility125 words
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Advertisement132 1976-10-05 5 A I PROGRAMMABLE CONTROL UNIT it LER TERMINAL the total system for 1 banking BUNKER RAMO Dataprep's System combines the power of DATA GENERALS Eclipse Computer and BUNKER RAMOS Savings and Commercial Banking Terminals. CRT display-stations, passbook printer, document printer, credit-card readers and customeridentification device all under the control of132 words
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Article1907 1976-10-05 6 SECTION ONE INDUSTRIALS Gr'» Gr"» I»7« Last div Div yH P/E Val Day Hick Low Coapaay Safe +W- c'tt Hid> Low 215 170 Acma 180 unch 12.0N 1.1 6.6 9.0 1 180 180 206 172 Alcorn 206 20.0 1.3 9.7 13.2 100 60 Allied Choc 67 unch1,907 words
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Article1192 1976-10-05 6 BID and offer prices officially luted and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are Sad aftec the word "Sett". Board deals1,192 words
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Article139 1976-10-05 6 SINGAPORE LIN IT TRU8T (Manager* pricn for Oct S) S'pore Growth Fund 0 82 0.87 INCOME BOND UNIT The Commerce 1.74 1.83 0 98 1 04 INCOME BOND S'pore Prog Fund S pore Security Fund Spore Invest Fund 0.81 O.SSxd 1.29 1.35 1.07 1.12 ASIA UNIT TRUST (Manager*'139 words
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Article406 1976-10-05 6 S'pore Govt 5 1/2% Taxable Loan No 2 With A I 1975/Ut Dec 1977 (1.000,000) (101.658 101.755) S'pore Govt 5 1/2% Taxable Loan No 1 With A I 1976/15 th Apr 1978 (1.000,000) (101.458 101.535) S'pore Govt 6 3/4% Taxable Loan No I With A I406 words
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Article1138 1976-10-05 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 Acma (17 KB) A (memo to (1 858 2.008). A. Tap*1,138 words
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Page 6 Advertisements
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Advertisement73 1976-10-05 6 I i I I ICL congratulates Times Business Publications Limited on the successful launch of their new Paper, BUSINESS TIMES. f'M mm rrmhphh BUSINESS TIMES ICL expands their Singapore operation to include a new office and service centre at Jurong. If*l International Computers —J Limited Jurong Town Hail, Jurong Town73 words
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Article609 1976-10-05 7 SHARES fell across a broad front yesterday in one of the weakest trading sessions noted in a fortnight at the Stock Exchange of Singapore. Very few shares were spared the bearish influence which grew worse every minute. Right from the opening bell, sellers dominated the scene609 words
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Article53 1976-10-05 7 TRADING in Perak Carbide shares, suspended on Feb 10, resumes today following its request for relisting after it had resolved the issue over its guarantee of a US$3.7 million loan taken by associate Woodside Park Investment. The pre-suspension price of the share was 56 cents on the Stock53 words
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Article65 1976-10-05 7 BEN, which recently reported a massive net loss of $12.5 million for 1975-76, yesterday announced that talks are taking place which may lead to an association with another party. It says that a successful outcome of the talks depends, among other things, on the audit of the65 words
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Article399 1976-10-05 7 SHARE prices suffered one of its sharpest setbacks in months on the Kuala Lumpur stock market yesterday. Prices were depressed right from the opening bell until the close. Apart from some genuine liquidation, the fairly sharp decline noted among the volatile issues including most banking399 words
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OVERSEAS
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Article641 1976-10-05 7 LONDON, lion The stock market closed slightly off the top in places after a quietly firm session, dealers said but at 3 p.m. the Financial Times Index was up 8.0 at 323.5. Closing middle prices of selected stocks not Including stamp duty were: INDUSTRIALS Allied Brew Ml/4 1/2 A.P641 words
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Article335 1976-10-05 7 HONGKONG: The market drifted lower on Monday In line, with the easier trend In overseas markets on Friday in the absence of any local news, dealers said. Trading was quiet. The Hang Seng Index fell 2.89 points to close at 411.04. Turnover on the four exchanges totalled 818.14 million335 words
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Article381 1976-10-05 7 TOKYO: Share prices on Monday advanced moderately on selective demand but trading was light with operators awaiting developments In Parliament and the outcome of the International Monetary Fund meeting in Manila, dealers said. The market average rose 13.8 to 4,835 27 with volume 170 mln shares. The Tokyo S.E.381 words
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Article12 1976-10-05 7 SYDNEY: The market was closed on Monday for Labour Day holiday.12 words
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Article65 1976-10-05 7 OCT #4* Ba.hU Asia Fibre 1098 unch Bangkok Bank 243 unch Bangkok Invest. 131 Bangkok-Metro-politan Bank Bala 307 BerllJucker 154 -3 Charoong Thai Wire 144 unch Dumex Dusll Thanl Faber Merlin First Trust Indo-Thal J And J Ho Jalaprathan Cement Karnasula Lee Kwang Mln Metal Box Rama Towers Saha65 words
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Article97 1976-10-05 7 (XT M Pesos Acoje Mining .0175 Atlas Con. A 33 Atlas Con B 33.50 -0 25 Bagulo Gold 0135 -0.0005 BenguetCon B BF Goodrich CDCP 12.00 -0.5 Inco B 0094 -0 0004 Lepanto B .1400 -0 0025 Marlnduque B 8 20 unch Meralco 3 02 -0 18 Oriental A97 words
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Article895 1976-10-05 7 GUY HAWTIN - BANKING IN GERMANY By GUY HAWTIN Financial Times LONDON, Mon. Over the last two decades, private banks have seen their role in finance change dramatically throughout Western Europe and the US. Banks, which for. generations were household names, have found themselves consolidated, amalgamated or liquidated outFinancial Times - 895 words
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1679 1976-10-05 7 CHRISTOPHER LORENZ - By CHRISTOPHER LORENZ Financial Times LONDON, Mon. Ask anyone in the city or the electronics Industry how International Computers has been transformed In Just four years from an extremely lame duck Into Europe's only profitable large computer company, and the reply tends to be confinedFinancial Times - 1,679 words
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Article94 1976-10-05 7 Hongkong China Gas profit up HONGKONG. Mon. Net profit of Hongkong and China Gas was HK$lO million, against $7.86 million for the six months ended June 30, 1976. The company earlier announced a second interim dividend of 18 cents, following a first interim dividend of the same amount (1975 interim94 words
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Article76 1976-10-05 7 MELBOURNE, Mon. Dunlop Australia said it has made a private issue of As 7 million of debenture stock at par with Australian institutions. The company is paying interest at the rate of 11% per cent for ten year terms, 11V* per cent for seven year and76 words
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Article46 1976-10-05 7 Reuter HONGKONG, Mon. Chase Asia said it syndicated a US$25 million. 5-1/2 year loan for Western Minolco corp of The Philippines. The loan, guaranteed by the Development Bank of The Philippines, will finance expansion of the company's copper mining and ore processing operations. Reuter.Reuter - 46 words
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Advertisement79 1976-10-05 7 is; S7V i*i .i? >■*. >-•> «K 2S >'• Jglap 9*3? *:i Wft iim 5K ,'5 A •V •V v* >.• HI r> TS&&. ?Zf*fc u r >W~. %S. m 't*.. m m S.+: ~'-yi rv. v < !£f§£2»r; .1 rVj HEH ■4 rjf 8 ?<o£; I^l v-i i m79 words
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COMMODITY REPORTS AND PRICES
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Article687 1976-10-05 8 OPENING quotations In the Singapore rubber market were about six cents firmer and prices rose to a higher of 207.50 cents on shortcovering and up-country buying before profit-taking set In towards mid-session yesteidlr. However, with bullish sentiment still prevailing prices tended higher towards the morning close in active687 words
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Article99 1976-10-05 8 DAILY SSR and SMR prices at noon yesterday: n as Oct. No*. (Currant Mth) Buv«r» Selkn (Forward Mta) Buyoro Sailer* (M •taperkg) (casta »ark«) SSR 20 (1-ton PalleU) 185 50 187.SON 188.50 188 SON SSR SO (1-ton Pallets) 183.00 189.00N 184.00 188.00N M.R.E.L.&. SMR 5CV (1-Ton Pallets)99 words
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Article167 1976-10-05 8 THE Btralta tin price in Penang yesterday closed $4.50 higher to $1,***** per plcul on an official offering up 139 tonnes to 371 tonnes. In LONDON on Monday, Tin showed gains of mostly £70 per tonne in both contracts to established a new high of £5,005 paid for167 words
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Article30 1976-10-05 8 Rubber: Oct 4. Singapore: Oct 203.25 cts (up 7 cts). Malaysia: Oct 206.25 cts (up 7.2S cts). Tin: $1,199.50 (up $4.50) Offlcal offering: 371 tonnes (up 139 tonnes).30 words
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Article217 1976-10-05 8 GOLD was a one way street in Singapore today, the decline being assisted by the confirmation that the next IMF auction would be on the same basis as the last. The kilo bar traded between 559,190 and $9,150 to close at the lower figure. For London delivery the Brlce217 words
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Article49 1976-10-05 8 WASHINGTON, Mob. The General Service* Administration act its stockpile objective for rubber at 513,134 long tons. The figure is one of goals set by the GSA for stockpiling strategic materials which would be needed during the first three years of a major war, it said.49 words
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Article63 1976-10-05 8 LONDON Mon Silver recorded losses of 4.8p to 4.5p per troy ounce. Values were marked down at the outset as sentiment was dampened by the metals zero rating in the US stockpile objectives list, dealers said. Values thereafter tended to drift a little lower under light selling in thin63 words
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Article209 1976-10-05 8 CHINESE PRODUCE EXCHANGE, SINOAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk *71 sellers, old drum $76 sellers, new drum Ml sellers. Copra Mixed (loose) UK/Cont $45 buyers. Pepper Muntok AST A white f.o.b. 100% NLW *290 sellers. Sarawak white f o b. 96% NLW *275 sellers.209 words
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Article124 1976-10-05 8 LONDON, Mon Copper wire bars finished with Cash fully £1.50 per tonne lower ana Three Months unchanged. Prices were steady In the' early pre-market on light covering prompted by the bullish implications of the new US stockpile objectives although the higher levels soon ran into profit-taking and- scattered liquidation.124 words
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Article64 1976-10-05 8 LONDON. Mon. Lead rose by mostly £7.50 per tonne. The market moved ahead on bear covering prompted by the new US strategic stockpile objectives and Three Months traded from £300 In the pre-market to £304 in the ring before profit-taking resulted lr; final kerb business at £302.50. A moderate64 words
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Article74 1976-10-05 8 LONDON, Mon. Zinc eased by fully £2 per tonne for Cash and £1 for Three Months. The market was subdued but values held relatively steady during ring trading which for the most part Involved carrying operations. Three Months traded at t'433 throughout the morning but softened on the kerb74 words
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Article126 1976-10-05 8 LONDON, Mon. Terminal opened quiet £3.75 to £1.75 below Friday's 1700 hours levels in sales of 416 lots. Dealers said most of the losses were recorded on Friday's kerb in line with lower New York prices. But some liquidation may have been prompted by steady sterling this morning, the126 words
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Article219 1976-10-05 8 LONDON, Mon. Terminal cocoa experienced a substantial sell off although in relatively light trading volume taking prices well below downside limit levels to record losses from Friday of up to t;54.50 per tonne near Dec at £1,615. Dealers said the decline was sparked off by preweekend easiness in New219 words
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Article73 1976-10-05 8 LONDON. Mon. Vegetable oils and oilseeds started very aulet with prices generally marked below Friday's close. Easier closing markets In Chicago were reflected in soyabeans and soyabean oil but early buying support was extremely thin, brokers said. Other sections were slow at barely steady to lower rates. Iran received73 words
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Article50 1976-10-05 8 LONDON. Mon. Robusta terminal opened £6 higher to unchanged with good general buying Interest meeting profit-taking resistance. Sales at the opening call were 362 lots. Some sources said the market was due higher based on New York's Frldaj performance but steadlei sterling this morning helped to slow the advance.50 words
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Article152 1976-10-05 8 HONGKONG, Mon. The market was easy with prices down 20 cents to 50 cents. The day's turnover totalled 252 tons comprising Thais 86, Kwangtungs 110 and Australlas 56. Arrival was from Kwangtung 440 tons. Closing prices: THAI WHITE: 100 per cent old crop Ist class 109.00 Nom 2nd 107.80152 words
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Article60 1976-10-05 8 JOHANNESBURG, Mon. Total Krugerrand sales in September fell to 135,925 coins from 213,070 In August and 215,600 In September 1975, International Gold Corp manager Mr Don McKay-Coghlll said. Mr. McKay-Coghlll told Reuters the drop In sales reflected uncertainty in the bullion markets, and consequently the Krugerrand market,60 words
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Article105 1976-10-05 8 Reuter He said orders early in September were very poor but have since picked up and, coupled with the Intergold's advertising campaign in the US which began last Tuesday, substantially increased figures can be expected for October. Intergold's figures show the September total is the lowest since June 1974Reuter - 105 words
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MONEY AND EXCHANGES
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Article299 1976-10-05 8 THE Singapore forex market was quiet yesterday morning with thin trading interest. The US dollar opened at the 552.4560 level In the morning but moved down later to 552.4540 as a result of small selling pressure. Sterling against the US dollar, however, stayed steady, but showed signs of firming299 words
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Article179 1976-10-05 8 Asian rates ASIAN currency deposit Interbank rales as at cloae on Oct. 4. US (f Dallars >p*t) 7 days Offer 5 1/2 Bid 5 3/8 1 mth 5 1/2 5 3/8 2 mths S #/16 5 7/16 3 mths 5 3/4 5 5/8 6 mths 6 1/16 5 15/16 9179 words
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Article53 1976-10-05 8 RANGE of prices offered by dls count houses on Oct 4 Overnight 3 "4% Call deposit 3 to 3** l KM Buy in* Sell 3-Month Treasurer bills 3 VIC 3 1/14 3-Month Bank bills 41/2 4 3/8 3-Month CD 4 11/14 4 VIC 6-Month S 1/8 5 Source:53 words
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Article107 1976-10-05 8 Euro rates LONDON, Mon Eurodollar deposit trading made its customary quiet start, dealers said. Period rates opened basically unchanged around Friday's closing apart from the one month rate which eased 3/16 reflecting the Friday end of period technicality. The six month rate gained around 1/16 since the opening in response107 words
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Article54 1976-10-05 8 Minimum lending rates (in Algarrwoe Book .7 Boogkok Bonk 7 /i Book of Amartco 7 Book of Chino 7'/i Book of Tokyo 7 Book Nagoro 1 rvjoo«*io 7'/} CKort»f«d Book 7 ChoM Moohottoo 7 oes Citibank HKSBC 7' 1odosuez Moloyoo Bookiog 4 Mitiui Book OC0C OUB 1KB 7V UM0C 7'/54 words
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708 1976-10-05 8 Reuter ACCRA, Mon. Economically hard-pressed Ghana had devised a secret weapon to make sure it stays at the top of the league of cocoa-producing nations a high-yield, fastproducing cocoa tree intended to replace the country's aging plantations. A staggering 60 per cent ofReuter - 708 words
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Article248 1976-10-05 8 LONDON, Mon. Sterling steadied above the US$l.67 level while the mark weakened, taking other European currencies down with It in dollar terms. Dealers said Initial trading was thin and very nervous as the market assessed the result of the German election and Chancellor Helmut Schmidt's reduced majority. But profit248 words
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Article152 1976-10-05 8 TOKYO, Mon. The US dollar for overnight delivery closed easier at 287.00 yen, down from 287.30 at the opening and 287.25 at Friday's close. The dollar initially edged up on covering to meet early week needs for import settlements but later sales of dollar export bills by traders to152 words
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Article30 1976-10-05 8 FRANKFURT exchanges quoted on Oct. 4. US 2.4435/45 2.4490/4500) Can 2.5123/37 UK 4.100/115 Neth 95.75/90. Switz 99.90/100.05 Italy 2.85/88 Norw 45.60/64 Belg com 6.490/505 Belg Fin 6.237/256 Japan 0.8505/1530 words
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Article33 1976-10-05 8 HONGKONG banknotes quoted on Oct 4. US 4.85/4.87 UK 8.15/8.25 Burma 2.00/1.50 India 4.40/4.70 Indonesia 1.12/1.16 Japan 1.685/1.695 Korea 0.90/0.95 Philippines 059/0.62 Singapore 1.945/1.965 Malaysia 1.915/1.935 Brunei 1.925/1.945 Thailand 24.30/24.60 Taiwan 12.30/12.6033 words
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Article50 1976-10-05 8 AUSTRALIA/NZ exchanges quoted on Oct 4. Australia Sterling 0.7423/0.7345 US dollar 1.2435/1.2385 Ninety day air mail buying rates Sterling 0.7749, US dollars 1.2718 Ninety day forward buying rates Sterling 0.7542, US dollars 1.227 New Zealand Sterling 0.5874/0.5840 US dollar 0.9832/0.9732 Ninety day forward rate Sterling 0.6312, US dollars 1.002950 words
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Article383 1976-10-05 8 LONDON, Mon. Straight bonds firmed slightly in quiet trading, dealers said. Prtqes were generally to point higher with no particular features. The European coal and steel community 7% per cent bond due 1981 priced at 99% traded around 98% 98% in first time dealings. In the mark sector383 words
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407 1976-10-05 8 NYT NEW YORK, Mon. The government's plan to rebuild its stockpiles of 72 of the 93 raw materials it keeps for military and other emergencies, which was announced Friday, is expected to reverse the downward course of copper prices. WhateverNYT - 407 words
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Article50 1976-10-05 8 Reuter TOKYO, Mon. A Japanese steel mission left here for Peking for negotiations on Japanese steel sales to China in the second half of this year. China bought some 600,000 tonnes of steel products from Japan In the first half, only one third of the normal figure.Reuter - 50 words
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Page 8 Advertisements
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Advertisement219 1976-10-05 8 This is how MHE reduce space, time and costs for your warehouse. ftlillflll mm DEMAC Decombi Order Picker The advantages: Time ruO|JIC Economy Safety The Decombi Order Picker moves in two directions vertically and horizontally adds up to iaster. easier order make-up The operator can handle inventory and pick orders219 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration819 1976-10-05 9 NYT LONDON. Mon. A little much-needed life has been injected into the international tanker market. The spark comes from a combination of greater-than-expected crude oil imports into the United States and an apparent desire by the oil companies to beatNYT - 819 words
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527 1976-10-05 9 TERESA LIM - By TERESA LIM THE new management committee of the Singapore National Shippers' Council (SNSC) has drawn up a tough work programme for its term of office. For a start, it intends to establish closer liaison with the Shipping and Freight Study Unit of527 words
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321 1976-10-05 9 NYT TOLEDO, (Ohio), Mon. Frank Klstler considers himself one of this city's best salesmen. And in the next weeks he will get a real chance to prove it. He is owner of Kistler Ford, one of roughly 7,000 Ford car and truckNYT - 321 words
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Article, Illustration203 1976-10-05 9 IN KEPPEL WHARVES An Heng 1/2, Atlantic Star 47, Bunga Teratal 35/36, Coral Princess 42/43, Elzan Maru (JDDE) -29/30, Labu 25, Nedlloyd Kembla 8/9, Pakalong Seraya (PLPE) 3/4, Rio de Janeiro Maru (JJDQ) 31/32, Union Hope 24. PASIR PANJANQ WHARVES Barge Caltex 115 TB, Barge Cosel L203 words
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Article72 1976-10-05 9 "SHIPCARE '76", the seminar and exhibition organised by Shipcare International Magazine and sponsored by the Singapore Association of Shipbuilders and Repairers (SASAR), will open on Oct. 13. The three-day seminar, to be held at the Hyatt Hotel, will deal with the cost effective operation, maintenance and repair72 words
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288 1976-10-05 9 DESPITE the considerable reduction in the number of rigs which has occurred in the Asian Pacific region in the last year, the opportunities for additional oil discoveries in the area remain excellent. In fact, although the number of exploration wells dropped slightly in 1975288 words
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462 1976-10-05 9 THE "Asean vessel" concept began as an idea early this year and, for all Intents and purposes, Is still very much at the Ideas-stage. It has been described as still "extremely fluid", with nothing concrete developed yet. And this is plain to see462 words
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Article225 1976-10-05 9 MR. Y.K. PAO, world shipping mogul from Hongkong, has resigned from the board of Wheelock Marden with effect from yesterday. He has been replaced by Mr. P.C. Lee. This was announced byMr. John Marden, chairman of Wheelock Marden, at its annual meeting. No reasons were given225 words
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457 1976-10-05 9 Reuter NEW YORK. Mon. The giant General Motors Corporation Is moving away from the luxurious petrolguzzling cars which have been the cornerstone of its production to date. And its major competitors. Ford Motor and Chrysler Corporation, probably could not he happier at leastReuter - 457 words
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Page 9 Advertisements
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Advertisement86 1976-10-05 9 protect valuable goods and personal belongings from damage due to high humidity DH 20 $490 Automatic humidity sensor Automatic overflow shut-off Low operating cost No installation cost Occupies only 34 x 47 cm. floor space EQIUIIION 60 ORCHARD ROAD *****2 HIGH PRECISION MACHINING CAPACITY Manufacturer equipped with latest German metal-working86 words
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Advertisement131 1976-10-05 9 Ricoh office offset duplicator system. Ricoh has done it again! For less than two cents a copy there's economy, convenience and reliability. Now it's the Ricoh Offset 1010 with the Ricoh Electronic S: 1 Plate Maker. Completely automatic therefore no specialist knowledge required to operate. Takes a paper size of131 words
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Article, Illustration1823 1976-10-05 10 GOH ENG KEE - GROUP SALES INCREASE DESPITE TRADING UNCERTAINTIES By GOH ENG KEE economies of the areas it serves, it Is creditable that the group managed to pull sales up at all in 1975/76. Reflecting consistent group growth over the last five years, net earnings per share have1,823 words
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Advertisement616 1976-10-05 10 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who616 words
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Article, Illustration539 1976-10-05 11 IMF-WORLD BANK CONFERENCE Reuter MANILA, Mon. World Bank president Robert McNamara called here for a reorientation of the domestic economic policies of the developing countries while urging the industrallsed nations to provide more funds for the International Development Association (IDA) and to subscribeReuter - 539 words
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Article, Illustration377 1976-10-05 11 Marcos on global rebellion' of poor MANILA, Mon. PhilipEine President Ferdinand larcos said today: "The global rebellion of the poor has begun" and both the world banlc and the IMF must help it succeed. Addressing the openine session of the joint annual meeting of the KNK AND THE IMF, he377 words
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571 1976-10-05 11 Reuter MANILA, Mon. THE growth of international reserves must be internationally and co-operatively controlled if stabi'tty is to be restored to the world monetary system, IMF annual meeting chairman Mohammed Imady said in his opening address. The developing countries must also be given a fairReuter - 571 words
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505 1976-10-05 11 NYT MANILA, Mon. The time has come for nations, both rich and poor, to stop borrowing so much to cover their balance of payments deficits and start eliminating the deficits, the managing director of the IMF said today. Mr Johannes Witteveen, the IMF chief,NYT - 505 words
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Article88 1976-10-05 11 UPI MANILA, Mon. South Korean Finance Minister Yong Hwan Kim today urged the IMF to find ways to knock down non-tariff restrictions on manufactured goods from developing nations. Mr. Kim, South Korea's governor at the IMF and World Bank, said In his plenary session address to theUPI - 88 words
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Article37 1976-10-05 11 MANILA, Mon IMF and World Bank experts are to study the United States' proposal for a specialist bank to channel private investment Into the development of natural resources of poor countries, It was agreed yesterday.37 words
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Article, Illustration30 1976-10-05 11 w JKt'Wiml SCENE at the official opening of the joint IMF-World Bank conference in the Philippine International Convention centre in Manila yesterday. AP photo. Source: AP photoSource: AP photo - 30 words
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299 1976-10-05 11 Reuter MANILA, Mon. International Monetary Fund managing director Johannes Witteveen said he believed that in certain cases it would be desirable for countries not to increase their borrowing* from commercial banks too much. Answering questions at a press conference after the IMF's interim committeeReuter - 299 words
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388 1976-10-05 11 Reuter MANILA, Mon. Ministers of the group of 24 developing countries expressed concern over the "huge" current account balance of payments deficits facing developing countries and called for a new allocation of Special Drawing Rights. A communique Issued after their meeting said the paymentsReuter - 388 words
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Article, Illustration376 1976-10-05 11 UPI MANILA, Mon. Although the world is on the road to economic recovery, inflation and severe unemployment are likely to continue in industrialised countries, Mr. Johannes Witteveen, managing director of the International Monetary Fund (IMF), said today. Speaking at the opening session of the jointUPI - 376 words
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291 1976-10-05 11 MANILA, Mon. The group of 10's 5.5 billion SDR General Arrangements to Borrow (GAB) may be Increased to enable Britain and Italy to obtain further standby credits from the IMF without affecting the Fund's capacity to lend to other countries, IMF officials291 words
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Article37 1976-10-05 11 Reuter MANILA, Mon. China's request for Taiwan's expulsion from the IMF will be discussed by the fund's executive director immediately after this week's IMF-World Bank joint annual meeting, IMF managing director Johannes Witteveen said. ReuterReuter - 37 words
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Article381 1976-10-05 11 Agencies MANILA. Mon. The terms of the IMF's next auction of 780.000 ounces of gold will be the same as those applied at its last auction on Sept 15. IMF managing director Johannes Wltteveen said. Speaking at a press conference here at the end of the IMF's Interim committeeAgencies - 381 words
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Advertisement165 1976-10-05 11 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding Hawaii)165 words
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Article, Illustration345 1976-10-05 12 THERE will be no boom in the Singapore residential properties in the immediate future. But there will be a steady recovery in the market. This is the prediction of Australian property development expert, Mr. D.C. Straw, who has been appointed general manager of345 words
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Article159 1976-10-05 12 KUALA LUMPUR. Mon. Malaysia is to introduce an integrated programme and performance budgeting system (PPBS) to replace its present traditional budgeting system, Deputy Finance Minister Richard Ho said today. Selected agencies would be used as pilot organisations for the implementation of the system. The system would159 words
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Article132 1976-10-05 12 A FIVE-CENTURY-OLD Italian bank, the Monte Dei Paschi Di Siena, which has set up a representative office here, wants to be as active in the Asian dollar market as it is in the Eurodollar narket. The bank's chief executive and general nanager. Dr. Giovanni Cresti132 words
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Article96 1976-10-05 12 TOKYO. Mon. Lew Sip Hon. chairman of the Malaysian Rubber Exchange and Licensing Board, asked Japan today to purchase more Malaysian natural rubber. Lew made the request during a meeting with officials of the Japan Rubber Trade Association (JRTA). JRTA officials said Lew and the Japanese also96 words
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164 1976-10-05 12 THE Japan Federation of Economic Organisation (Keidanren) is believed to have made unofficial approaches to Asean businessnen on the formation of a joint committee to foster closer economic ties between Asean countries and Japan. The proposal for such a committee is expected to be164 words
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Article110 1976-10-05 12 NEWSPAPERS can gain wider readership and serve as a guide to the correct use of language if news reports are made simple, clear and concise. Senior Minister of State for Communications, Mr. Ong Teng Cheong, said this last night at a dinner given by the110 words
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493 1976-10-05 12 ACCELERATING PRICES AROUSE CONCERN. JAPAN, one of Singapore's largest trading partners, seems about to gear Itself to combat once more that bugbear of growth Inflation. The Mitsubishi Bank Review's September issue said that Japanese financial authorities have shifted the target for attention from sustaining493 words
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Article, Illustration373 1976-10-05 12 SALISBURY. Mon Black nationalist leader Joshua Nkomo today torpedoed hopes for the early success of the Anglo-American peace plans for Rhodesia, saying there is no such thing as the Pretoria agreement which has called for the gradual transition to black rule in the country within two years.373 words
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Article552 1976-10-05 12 INTEREST rates In Singapore have hit a plateau. For the rest of this year, rates will probably stay close to present levels. Small rises may take place, but they are not expected to be significant. Bankers have revised their earlier forecasts that our banks' prime552 words
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393 1976-10-05 12 KUALA LUMPUR. Mon. Four Peking-owned insurance companies are winding up their operations in Malaysia. They are China Insurance, China Life, Taiping Insurance and Taiping Life. The official line from these companies is that they want to make room for Malaysians to play a more393 words
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Article327 1976-10-05 12 KUALA LUMPUR, Mon Asean countries hope there will be substantial Improvements In the developed countries' response to a request for concessions on tropical products in the multilateral trade negotiations (MTN) in Geneva. Secretary general to Trade and Industry Ministry, Encik Nasruddln Mohamed expressed this hope when he327 words
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225 1976-10-05 12 KUALA LUMPUR, Mon. Members of the Malaysian Insurance Association (MIA) will meet here on Friday to discuss amendments to its constitution. Though the meeting has been fixed some time ago, Its timing gives the Impression that the MIA Is acting only after it has225 words
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183 1976-10-05 12 KUALA LUMPUR, Mon Pernas' equity In Goodyear Malaysia in Shah Alam will be increased from 39 per cent to 49 per cent "In the very near future", Pernas chairman Tunku Datuk Shahriman announced today. An "understanding" on this matter has been reached with183 words
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192 1976-10-05 12 Protection trend in industrial nations Times Reuter LONDON, Mob. The Times said today that government*, under pressure with high unemployment, were increasingly turning to protectionism as a solution to their economic problems. In a 12-page annual financial review, the Times said the governments of the pacemaking economies, such as WestReuter - 192 words
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Article38 1976-10-05 12 BANQUE Nationale de Paris Is taking legal action against two shipping lines in Singapore. It filed suits at the High Court against Kie Hock Shipping (1971) and Guan Guan Shipping for damages for breach of duty.38 words
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Article315 1976-10-05 12 BANGKOK, Mon. Thousands of students attended public rallies here today but the National Students Centre of Thailand (NSCT) once the most powerful political force in the country has not been able to Igenerate enough momentum for a major protest to »ust former Premier Thainom Kittl kachorn315 words
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141 1976-10-05 12 SMALL industries in Singapore will soon be getting the attention of the Singapore Institute of Standards and Industrial Research (SISIR) which has embarked on a programme to upgrade industrial performance in general. This was disclosed by SISIR director Freddy Soon in an interview yesterday141 words
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Advertisement30 1976-10-05 12 For immediate installation, *****11 27 GOLD HILL PLAZA Improve office and factory efficiency with No longer a luxury but a 'must'. Phone PTE LTD A of hcnc4» G»Oud Ilia mi30 words
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Advertisement324 1976-10-05 12 Diners Club the best'friend' WN 4 w i you can take with you anywhere in the world He w ill pay more bills than am other card. mew not hist in card. He's very much own personal travel and a very close 'friend' in fact, a popular 'friend' too with324 words
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