The Business Times, 14 October 1976
1976-10-14
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The Business Times
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Title Section10 1976-10-14 1 BUSINESS TIMES M.C.(P) 1455/76 THURSDAY, OCTOBER 14, 1976 50 CENTS10 words
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NEWS SUMMARY
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Article87 1976-10-14 1 AP CANBERRA, Wed. The Australian Government would consider sympathetically the cases of any Thai students In Australia who were afraid to return home because of the coup, a government official said today. Mr. Michael MacKellar, Immigration and Ethnic Affairs Minister, made the remark In the House ofAP - 87 words
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Article70 1976-10-14 1 Reuter UNITED NATIONS, Wed. Secretary-General Kurt Waldhelm today appeared assured of a second five-year term In office, after last night announcing his willingness to remain as chief executive of the world body beyond the end of the year. The Austrian diplomat, apparently unchallenged by rival contenders,Reuter - 70 words
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Article62 1976-10-14 1 PENANO, Wed. Overproduction by pig and poultry farmers here has caused a glut In the state resulting In a drop in the prices of pork and chicken. The Penang and Province Wellesley Farmers' Association at an emergency meeting last night discussed that one way of helping62 words
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Article47 1976-10-14 1 AP TURIN, Wed. A four-hour general strike called by the Turin provincial unions idled most industrial and commercial activities in this auto production centre today. The strike was the country s first organised protest against austerity measures Introduced by the Government last week. AP.AP - 47 words
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Article54 1976-10-14 1 Reuter FRANKFURT, Wed. The French franc slipped to a record low against the mark today as the strong West German currency gained In value against all others. Dealers said the French franc changed hands here at 48.625 marks for 100 francs compared with last night's closingReuter - 54 words
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Article42 1976-10-14 1 Reuter BANGKOK, Wed. Prime Minister designate Thanin Kraivichien tonight outlined a new programme of guided democracy for Thailand which in 16 years "if democracy grows to a satisfactory extent there might possibly be only a single elected body." Reuter.Reuter - 42 words
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Article44 1976-10-14 1 UPI NEW YORK, Wed. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 indus 939.49, up 7.14; 20 transp 205£0, up 1.75; 15 utlls 97.11, down 0.06; 65 stocks 296.68, up 1.95. UPIUPI - 44 words
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Chief Pries Changes
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Article, Illustration203 1976-10-14 1 THE Singapore stock market yesterday closed steady in quiet trading. While shares generally finished marginally higher, Haw Par dipped by another two cents to 99 cents. At the close, the Business Times index rose 5.35 points to 256.55 and the Straits Times industrial index gained 0.78 point203 words
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Article105 1976-10-14 1 Rises Most active O.C.B.C. M. Flour Pan Electric Grating $8.20 $2.03 $1.77 $2.71 .10 .08 .07 .06 Haw Par 880.000 Malayan Credit 405.000 Central Sugars 161,000 Sim* Harhv 12S.OOO ncncape UOI Sitae Darby $3 60 U.O.B. $3.94 Central Sugars $1.14 E.N.E. $2.71 Wearaes $2 65 Foils Petaling105 words
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Article916 1976-10-14 1 JOHN TAN - A NAME SYNONYMOUS WITH INFLUENCE By JOHN TAN WEALTH, influence, patrol- and power. These In America will be associated automatically with the Rockefellers while in Europe thoughts will immediately swing to the Rothchilds. In Singapore however, it is not a family name which comes to916 words
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Article733 1976-10-14 1 A MAJOR row appears to be brewing between the Stock Exchange of Singapore and Far Eastern Hotels Development over the appointment of an independent firm of public accountants to investigate the company's affairs. Although the SES has accepted the company's nominee Goh, Tan and Co.733 words
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Article477 1976-10-14 1 IN a surprise move yesterday, Bovls South East Asia announced a top management reshuffle In what appears to be a prelude to complete reorganisation of the ailing Malaysian company. The managing director, Daniel Yustln is being moved up to non-executive chairman and he will477 words
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Article28 1976-10-14 1 TOKYO, Wed. Ishl-kawajlma-Harima Heavy Industries (IHI) said it received orders for 25 "freedom" type 14,800 dwt multi-purpose dry cargo carriers from overseas shipowners In September. Reuter^28 words
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289 1976-10-14 1 THERE is a very strong possibility that Haw Par London shares may be relisted on the Stoch Exchange of Singapore in the near future possibly even next week. In the light of the expeditious manner in which the parent company's shares were289 words
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Article36 1976-10-14 1 LIMA, Wed. Former New Zealand Prime Minister Wallace Edward Rowling visited on Monday, Peru's Minister of Agriculture, General Luis Arbulu Ibanez, to review a US$2 million (5J4.9 million) technical cooperation programme between their governments.36 words
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Article, Illustration364 1976-10-14 1 TOKYO, Wed. Chinese Vice-Premier LI Hsien-nien has been selected as successor to Premier Hua Kuofeng, who on Tuesday was confirmed as China's top leader a Tokyo newspaper reported here today. In addition, the Peking correspondent for the Tokyo Shimbun said In a despatch,364 words
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163 1976-10-14 1 EXTRADITION prbceedlngs by the Singapore Government in London, against Jim Slater and four former top executives of Haw Par Brothers International may only proceed against two of the men, according to legal sources here yesterday. The two men are Slater, former chairman of Slater163 words
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Page 1 Advertisements
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Advertisement8 1976-10-14 1 Colour TV is simply great SEE PAGE 12 [_<:[@@!%_*.]_*!?**[[?>-'*\{\*[8 words
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Advertisement39 1976-10-14 1 MEMO TO FINANCIAL MANAGERScan now earn interest in just 7days Hong Leong Finance offers all companies attractive interest rates on short-term deposits. From as short a period as Phone 220 9433 (15 lines) for details. if ft 3T —L»-39 words
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Advertisement106 1976-10-14 1 <0> OKI AC2506 PABX MKT MKM ft EFROBIT SINGAPORE 14 Shaw Road Singapore 13 Tat: *****U*****7 4. v> X 4* »>/ SLA offers the first Boeing flight into Brunei every day of the week. Depart Singapore at 9.30 am. Arrive Brunei at 11.55 am. Return flights leave at 12.45pm. There106 words
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OVERSEAS
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Article250 1976-10-14 2 UPI TOKYO, Wed. China is to buy two giant computers from Hitachi for use in meteorological observations, a company spokesman said today. The spokesman said an agreement for the sale of US$B million (5519.6 million) worth of computing devices was reached last Aug 31 betweenUPI - 250 words
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Article186 1976-10-14 2 AP KYOTO. (Japan) The International Development Association (IDA) ended its two-day working level conference here without agreement on the amount to set for IDA's fifth funds replenishment to be obtained in three years starting in July 1977. Sourtres said most industrialised countries had proposedAP - 186 words
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124 1976-10-14 2 Reuter MANILA, Wed. Central Bank Governor Mr. Gregorio Licaros has said there is no reason for a devaluation of the floating Philippines peso now standing at an official guiding rate of about 7.42 to the US dollar. He was commenting last night to localReuter - 124 words
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Article229 1976-10-14 2 UPI BRUSSELS, Wed. Foreign trade of the European Common Market countries rose considerably during the first half of 1976, but the Community's trade deficit widened as Imports grew at a faster pace than exports, the statistics office said on Tuesday. Trade between /Community member countriesUPI - 229 words
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Article66 1976-10-14 2 OTTAWA, Wed. The Canadian Government has chosen a middle road between the extremes of unlimited free market competition and greater Government intervention in the economy, Governor-Ge-neral Jules Leger said In a speech from the throne. In the speech, which opened the new session of Parliament, Mr.66 words
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211 1976-10-14 2 Reuter WELLINGTON, Wed. Sterling is now heavily undervalued, Sir Eric Faulkner, chairman of Lloyd* Bank of the UK, said. Sir Eric, who retires in March is visiting New Zealand with his successor. Sir Jeremy Morse. Sir Eric told Reuters the pound has declined more than theReuter - 211 words
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Article296 1976-10-14 2 UPI HONGKONG. Wed. The US would probably not impose formal import controls on its major trading partners although it is likely to ask for more voluntary restraints, the president of an American bank said today. Addressing the American Chamber of Commerce in Hongkong during aUPI - 296 words
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604 1976-10-14 2 AP NICOSIA, Wed. Hardliners in the world oil cartel are expected to talk moderates into another price increase in midDecember. A rise in the cost of crude would cut into petroleum company profits and increase pressure for higher prices for consumers at the gasAP - 604 words
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Article227 1976-10-14 2 Reuter LONDON, Wed. Britain's economic prospects were boosted today by news that oil from the North Sea will flow faster. British Petroleum (BP) announced that the Forties Field, biggest in the British sector, was now expected to yield a peak of 500,000 barrels (57,000 tonnes)Reuter - 227 words
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280 1976-10-14 2 Reuter LONDON Wed. The UK Industrial production index fell one per cent to a provisional 100.8 in August seasonally adjusted (base of 1970) from 101.8 in July, the Central Statistical Office said. The provisional fall follows an upward revised 1.6 per cent rise in July.Reuter - 280 words
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138 1976-10-14 2 Reuter BRUSSELS. Wed. European economic community experts are studying Britain's economic problems to see how the EEC can be associated with any international rescue effort for sterling and the economy, EEC officials said. They said, however, EEC financial aid cannot be a soft option forReuter - 138 words
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457 1976-10-14 2 Reuter JAKARTA, Wed. The Australian Ampol Oil Company is expected to sign a contract next month for the purchase of Indonesian crude oil which could possibly swing the balance of trade between the two countries Into Indonesia's favour, business sources said hereReuter - 457 words
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Article96 1976-10-14 2 Reuter LONDON, Wed. The Bank of England confirmed it has received a writ from Burmah Oil related to its purchase last year of 77.8 million British petroleum shares from Burmah. The purchase was part of the Banh's rescue operation for Burmah in January last year. NoReuter - 96 words
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Article89 1976-10-14 2 Reuter JAKARTA, Wed. The Indonesian Government said it will supply a total of 5,700 tonnes of free rice to people living in drought stricken areas of Java, Lombok and Sumba. The areas have a shortage of food caused by harvest failures due to floods, pestsReuter - 89 words
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626 1976-10-14 2 AP NEW YORK, Wed. President Ford said yesterday that Mr. Jimmy Carter Is "a minor leaguer" when it comes to firm leadership. He made the comment in an hour-long question and answer session in New York City with leading American news executives. Mr. FordAP - 626 words
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Article371 1976-10-14 2 Reuter DETROIT, Wed. Men at Ford Motor plants throughout the United States have voted to accept a new threeyear pay contract, clearing the way for an end to a crippling four-week strike by the company's 170,000 workers. The United Auto Workers' Union (UAW) said last nightReuter - 371 words
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372 1976-10-14 2 Reuter LONDON, Wed. British firms were urged yesterday to step up their export effects in South-east Asia, described as "a more important market than the Middle East in terms of continued growth." The exhortation came from Mr Denis Rooney, head of aReuter - 372 words
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Article99 1976-10-14 2 MANILA, Wed. The Philippines today called for a more cohesive and comprehensive Association of South-east Asian Nations (Asean) policy in relations wjth the European Economic Community to obtain maximum benefits. Speaking at the opening of an Asean special coordinating committee, Philippines UnderSecretary for99 words
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Article63 1976-10-14 2 Reuter FRANKFURT, Wed. Federal Labour Office president Mr. Josef Stingl said German unemployment next year should average about 850,000. or 3.7 per cent, compared with just under 900,000 or 3.9 per cent last month. Government economic sources expect this year to show an average of just over oneReuter - 63 words
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Article133 1976-10-14 3 Reuter WASHINGTON, Wed. The American Iron and Steel Institute filed a formal complaint to the US special trade representatives office that a steel Import agreement between the European Economic Community and Japan places an undue burden on US Industry. The complaint charged that Japan agreed toReuter - 133 words
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Article, Illustration453 1976-10-14 3 Reuter SYDNEY, Wed. The Australian Government has resumed a programme of foreign borrowings, partly to restore a mbre normal level of official borrowings but also to bridge the period until private capital inflow revives, Treasurer Phillip Lynch said. He told a three-day seminarReuter - 453 words
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Article775 1976-10-14 3 JOHN RODERICK - By JOHN RODERICK NYT THE reported arrest in Peking of Mao Tse-tung's widow and otner leaders of the radical wing of the Chinese Communist Party represents, if true, a victory for the moderates and a reaffirmation of China's policy of detente with the UnitedNYT - 775 words
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264 1976-10-14 3 LONDON. Wed. Britain announced last night that Mr. Robert Mugabe, Bishop Abel Muzorewa and Mr. Jushua Nkomo are to represent the black Rhodesian nationalists at the Geneva conference on Oct 25 while Rhodesian Premier lan Smith and four of his Cabinet will264 words
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206 1976-10-14 3 AP SALISBURY, Wed. Robert Mugabe, apparent leader of most of the black Rhodeslan nationalist guerillas based In Mozam-. bique, Is regarded as the hard-liner among the African leaders due to attend the Geneva conference for setting up an interim biraclal Salisbury government. The 51-year-old selftaughtAP - 206 words
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Article83 1976-10-14 3 AP SALISBURY, Wed. Rhodesian Prime Minister lan Smith, st, led this country's breakaway from British rule on Nov 11, 1965, In a unilateral declaration of independence. The son of a Scots-born immigrant butcher, his aim was to entrench white rule as British colonies throughout the continent wereAP - 83 words
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Article50 1976-10-14 3 Reuter NEW YORK, Wed. The U.S. banks for cooperatives and the Federal intermediate credit banks said they will make concurrent offerings totalling US$l.5 billion this Friday. The banks for cooperatives will offer $578.5 million of six-month bonds and the credit banks $921 million of nine-month bonds. Reuter.Reuter - 50 words
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Article155 1976-10-14 3 Reuter LONDON, Wed. The latei-Mtiooal Tin Council (ITC) meetings yesterday were of a preliminary nature and did not touch on the review of floor and ceiling prices, informed sources said. The ITC council session is scheduled to last until Friday and the heyReuter - 155 words
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211 1976-10-14 3 Reuter LONDON, Wed. pie International Tin Council (ITC) said world smelter production of primary tin metal In April was 14,000 tonnes against 14,100 in March and 14,900 tonnes in April 1975. The twelve month moving total to April 1976 was 172,900 tonnes against 178,500Reuter - 211 words
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Article82 1976-10-14 3 Reuter NEW YORK, Wed. Banks planning to syndicate an US$BOO million loan to Mexico propose to issue the credit in two tranches, sources close to the loan talks said here. The 18 banks Involved hope to have syndication completed by midNovember, they said. The firstReuter - 82 words
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Article60 1976-10-14 3 TAIPEI, Wed. Taiwan had a trade surplus of US $351 million (SsB77 million) in the first nine months of this year compared with a deficit of US $611 million in the whole of 1975, according to customs figures. Exports in the nine months totalled US $5.8960 words
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Page 2 Advertisements
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Advertisement158 1976-10-14 2 The great outdoors we're out there all the time. Globe art studio Outdoor advertising has been our business for 40 years. And we've handled just about anything under the sun. Exhibitions, conventions, in-store displays, van design, outdoor signs, hoardings, banners and bus panels. And even T-shirts, giveaways and P.O.S. novelties.158 words
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Page 2 Miscellaneous
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Miscellaneous253 1976-10-14 2 RADI SINGAPORE 5 3.00 P.M. Opening Announcements followed by Housewives' Matinee "Goddess of Mercy" (r) Pt. 1 of a Teochew Film 4.00 General Hospital 4.40 Intermission 6.00 Opening Announcements followed by Castaway "Another Paradise" 630 News in Brief 635 Pentas Kanak-Kanak (Malay) (r) (Last in series) 7.00 Wilderness "Himalaya" 730253 words
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Page 3 Advertisements
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Advertisement140 1976-10-14 3 BCS9O BCS9O BCS9O PROGRAMMABLE CONTROL UNIT lER TERMINAL PASSBOOK/JOURNAL PR! /JIB ATION/JOURNAL PRINTER ADMINISTRATIVE TB3MINAL H. ADMINISTRATIVE BCS9O RAMO BCS9O SOFTWARE W Dataprep's System combines the power of DATA GENERAL'S Eclipse Computer and BUNKER RAMOS Savings and Commercial Banking Terminals. CRT display-stations, passbook printer, document printer, credit-card readers and customeridentification140 words
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COMPANY NEWS
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471 1976-10-14 4 NORTH' Borneo Timbers has altered the structure of the group so that a considerable portion of group investments are now being held through wholly owned subsidiary North Borneo Timber International (NBTIL). This emerges In a complicated schedule of movements in group investments submitted by the471 words
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Article306 1976-10-14 4 KEMAYAN Oil Palm has acquired a tract of land in East Malaysia which will increase its acreage by over 50 per cent. The acquisition of 2,104 hectares compares with the 4,070 hectares indicated in the latest report and accounts published last October. The new land306 words
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Article50 1976-10-14 4 NET profit at Bukit Katil Rubber Estates fell from M 5300.500 to $169,300 for the year ended April 30, 197§. The total dividend is being cut by four points to 16 per cent, including a final of 10 per cent compared with 14 per cent last time.50 words
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532 1976-10-14 4 Gilani Jute only the name remains OILANI Jute and Textile Mills (M) is now existing in name only since It ceased operations In August last year. The company which used to manufacture jute bags, twine, ropes and canvas had operated at a loss ever since it came to the market532 words
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Article175 1976-10-14 4 MR. John Esterhazy has Joined the Americana Hotels, a subsidiary of American Airlines and the operator of the Chosun Hotel in Seoul, Korea, as general manager of the Chosun Beach Hotel-Busan scheduled to open in July 1977 in Busan. Mr. Charles A. Agassiz is appointed the food175 words
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278 1976-10-14 4 THE scrip issue of one-for-two proposed by South Malaysia Industries is In line with its plan to expand into the production of plain galvanised sheets and corrugated galvanised sheets estimated to cost Msl.2 million. The issue of 2.7 million new $1 shares278 words
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Article573 1976-10-14 4 RECENT interim results from rubber companies in the Thomas Barlow Stable all reflect the dramatic impact on profits brought about by the increase in rubber prices this year as well as the removal of tapping restrictions which held back production last year. The impact Is573 words
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Article455 1976-10-14 4 Currant Ex Date Total for Total for payment Date payable the year previous year Dun lop Ind 8% Sept. 8 Oct. 15 8% 22.5% Malaya wata 10% TE Aug. 30 Oct. 15 10% TE 10% TE Paper Prod. 7.5* Sept 21 Oct. 15 7.5% 7.5% SEA Carp. 10%455 words
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Article284 1976-10-14 4 LONDON Tin' Corporation and its new Malaysian holding company, London Tin (Malaysia), have proposed new nominees to the board of its associate companies, Southern Malayan Tin Dredging and Malayan Tin Dredging. The two tin companies say LTC has nominated Enclk Abdul Rahim Aki, Enclk Azman284 words
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Company meetings
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21 1976-10-14 4 Oct 30, noon, Registered Office, No. 22 (Upper Floor of No. 20), Jalan Gelanggong, Malacca.21 words
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Article18 1976-10-14 4 Oct 29, 10.30 a.m., Registered Office, Wlsma Mega, 2nd mile, Jalan Batu Tiga Lama, Kelang.18 words
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Article10 1976-10-14 4 Oct 28, noon, 45-47 Robinson Road, Singapore10 words
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16 1976-10-14 4 Oct 23, noon. Registered Office, Chartered Bank Chambers, Beach Street, Penang.16 words
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Article10 1976-10-14 4 Fraser Neave, Ltd.: Oct 19, 11 a.m., Raffles Hotel, Singapore.10 words
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Article15 1976-10-14 4 Oct 18, 9 a.m., Registered Office, 48 Spottlswoode Park Road, Singapore.15 words
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Article20 1976-10-14 4 Oct 15, 11 a.m., Registered Office. 12th Floor, Fltzpatrick's Building, 86 Jalan Raja Chulan, Kuala Lumpur.20 words
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23 1976-10-14 4 THE following meetings are due: Oct 15, 12.30 p.m., Registered Office, 5<2 Jalan Burch, Jurong Town, Singapore 22.23 words
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Article696 1976-10-14 4 Financial Times LONDON, Wed. Not everyone Is going to feel very dismayed at the news that the Introduction of Sandilands accounting methods Is falling badly behind schedule. A lot of accountants, Including one of the best-known firms in the country (and indeed In theFinancial Times - 696 words
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Article1011 1976-10-14 4 On October 12 OPTION OCT JAN APL 8TOCK Alcoa 45 7 7/8 13 1/2 NOL 523/4 Alcoa SO 23/4 S 52 3/4 Alcoa ss 1/16 23/8 NOL 52 3/4 Alcoa so UNTRD 15/16 17/8 52 3/4 Am Tel so 05/8 0 3/4 UNTRD 59 1/2 Am Tel ss1,011 words
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Page 4 Advertisements
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Advertisement90 1976-10-14 4 A wealth of answers to scientific phenomena LIFE SCIENCE > Milium A thousand questions you've asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular theory mathematics the90 words
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INTERNATIONAL COMPANY NEWS
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Article152 1976-10-14 5 Reuter LONDON, Wed. Burmah Oil has suffered a pre-tax loss of 114.96 million (loss £2.83 million) on sales of £401.76 million (£443.89 million) for the first six months ended June 30,1976. Pre-tax loss was after interest of 8.26 million (16.55 million) tankers loss 24.75 million (17.51Reuter - 152 words
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Article185 1976-10-14 5 Reuter NEW YORK, Wed. Thanks to a strong performance by its commercial credit and computer operations. Control Data Corp enjoyed a 65.4 per cent jump in its third quarter net earnings to US$l4.6 million. This raised the ninemonth total by 26 per cent to $35.49Reuter - 185 words
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Article447 1976-10-14 5 Reuter LONDON, Wed. Depressed conditions in the gold and copper markets have caused pre-tax profit at Consolidated Gold Fields Ltd to tumble by 34 per cent to 144.61 million for the year ended June 30, 1976. Revenue also fell 13 per cent to £61.08 million. ThoughReuter - 447 words
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Article311 1976-10-14 5 Reuter I HONGKONG, Wed. Sir James Goldsmith, the i chairman of Slater Walker, and his family and associates are making a bid for the remaining 2.18 million HKSl shares, or 27.5 per cent, in Oriental Financial Consultants and Promoters not already owned by them. AnnouncingReuter - 311 words
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110 1976-10-14 5 Reuter TOKYO, Wed C. Itoh said it started negotiations with Sumitomo Bank and Kyowa Bank, the main banks for Ataka, on whether to merge with Ataka by year end. A spokesman for Iton said representatives of the two banks explained Ataka's present business condition,Reuter - 110 words
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Briefly
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Article62 1976-10-14 5 CINCINNATI, Wed. "Procter and Gamble said it expects to report higher earnings and sales for the first quarter ended Sept 30. The company said the earnings increase for the first quarter should be satisfactory, but gave no further details. Ip last year's first quarter, Procter and Gamble62 words
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Article41 1976-10-14 5 PITTSBURGH, Wed. Gulf Oil Corp said directors voted to increase the quarterly dividend to 45 US cents a share from 42Vi cents, payable Dec 10, to shareholders of record Nov 5. The company gave no reason for the Increase.41 words
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Article71 1976-10-14 5 LONDON, Wed British American Cosmetics (BAC), cosmetics dlvison of BAT Industries said it has reached agreement in principle with Juvene Holding to purchase a controlling Interest in Juvena's cosmetics operations. The contract, subject to Bank of England consent, will be signed shortly. BAC's initial Investment in Juvena will be71 words
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Article69 1976-10-14 5 CHICAGO, Wed. Merger announcements in the first nine months of 1976 totalled 1,776, up three per cent from the 1,732 announcements in the same period last year, merger intermediaries W.T. Grlmn said. However, it said, mergers in the third quarter fell four per cent to 506 from 52769 words
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Article56 1976-10-14 5 NEW YORK, Wed. Norton Simon Inc said as a result of an annual 2Vi per cent stock dividend declared yesterday, each share of Its series "A" convertible preferred stock will be convertible Into 2.208 common shares, up from 2.154 shares. The change will be effective Nov 9. The declared56 words
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Article51 1976-10-14 5 WASHINGTON, Wed. Ford Motor Credit filed an offering with the Securities and Exchange Commission for US$lOO million in debentures due 2001, $75 million of subordinated notes due 1984, and $75 million of subordinated notes due 1988 through Goldman, Sachs. The credit company is a wholly-owned subsidiary of Ford51 words
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Article54 1976-10-14 5 TACONA, WASH, Wed. Weyerhaeuser said it Increased the amount of its proposed offering of sinking fund debentures due 2006 to US$2OO million from the 150 million originally planned. It said the Issue is expected to be offered on Oct 19 as scheduled through a group headed by Morgan54 words
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Article30 1976-10-14 5 MONTREAL, Wed. Royal Bank of Canada said It raised its regular quarterly dividend to 34 Vt US cents from 32 cents, payable Nov 24, on record Oct 22.30 words
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Article59 1976-10-14 5 NEW YORK, Wed. For the first quarter ended Sept 30, 1976, net earnings of Oould doubled from US$B.97 million to $18.22 million on revenue up from $298.7 million to $346.9 million. Net earnings per share were 79 cents against last time's 60 cents which have been restated to reflect59 words
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Article46 1976-10-14 5 BERNE, Wed. Oesterreichlsche Kontroll bank will float a 60 million franc, 14year, 5% per cent loan on the Swiss bond market from Oct 19 to 22, Bank Vonernst Und Cle said. Issue price will be fixed later. The loan carries an Austrian Government guarantee.46 words
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Article91 1976-10-14 5 SYDNEY, Wed. Ampol Exploration reported a gas and condensate flow at the Spar No. 1 well, offshore Barrow Island. It said evaluation of tests on the well indicated that the Roskc beneath 1,850 m possessed sandstones of a new and complex stratigraphy which produced gas on formation Interval tests.91 words
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Article37 1976-10-14 5 LIMA Wed. Peruvian Finance Minister Luis Barua Castaneda said he hopes a loan package for more than US$2OO million will be signed with US banks by the end of this month or the beginning of November.37 words
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Article203 1976-10-14 5 Reuter. WARREN, VT., Wed. Volkswagen of America expects to sell 240,000 to 250,000 cars next year compared with 210,000 this year, President Mr Stuart Perkins said In an interview here. He estimated Audi sales next year would total 45,000 compared with 35,000 this year and thatReuter. - 203 words
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Article142 1976-10-14 5 Reuter PARIS, Wed. ThomsonBrandt said it expects, consolidated group turnover to rise 18 per cent this year from last year's 12.56 billion francs. It said in a statement consolidated group sales at endAugust were 21 per cent above the year ago figure. The group last weekReuter - 142 words
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Article136 1976-10-14 5 Reuter PARIS, Wed. Rhone Poulenc said group consolidated profits before depreciation, provisions and taxes was 652 million francs in first-half 1976 against 114 million in the same period last year. In a newsletter it said this result nearly covers depreciation costs in the first half. InReuter - 136 words
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Article98 1976-10-14 5 Reuter NEW YORK, Wed. Shearson Hay den Stone's earnings for the year ending June 30, 1977 should exceed fiscal 1976's earnings of U552.56 a share, chairman, Mr. Sanford I. .Weill, said following the firm's annua) meeting. However, Mr. Weill said the rate of increase for earnings achievedReuter - 98 words
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223 1976-10-14 5 Reuter SAO PAULO. Wed. Cargill Agricola plans to set up an oil palm plantation and extraction plant near Belem, North Brazil, but there are several problems to solve before going ahead, a company spokesman said. The spokesman said the project is still under studyReuter - 223 words
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554 1976-10-14 5 NYT WASHINGTON, Wed. From a personal point of view, says Mr. Patrick J. Delaney, it was a crazy situation. When President Ford last July nominated Mr. Delaney to a vacancy on the Securities and Exchange Commission. Senate confirmation looked like aNYT - 554 words
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166 1976-10-14 5 Reuter NEW YORK, Wed. A strong performance In all areas of its bond trading operations pushed up by 72 per cent third quarter net earnings at Merrill Lynch and Co Inc to U5517.04 million on a 23.3 per cent increase in revenue to $256.8 million.Reuter - 166 words
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Article156 1976-10-14 5 Reuter LONDON, Wed. With its overseas activities doing all the running, Associated Biscuits Manufacturers was able to enjoy a 22 per cent increase In pre-tax profit to 15.86 million for the first 36 weeks ended Sept 12, 1976. Profit before Interest from its overseas operations more thanReuter - 156 words
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263 1976-10-14 5 Reuter LONDON, Wed. British Petroleum chairman, Mr. David Steel said the company's North Sea Forties field will be producing 500,000 barrels of oil per day by end-1977 some 100,000 bpd more than the peak production originally estimated. Mr. Steel told a fuel Industry lunch thatReuter - 263 words
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Article178 1976-10-14 5 Reuter TOKYO, Wed. On expectations of big jump In profit Sony Corp has raised the final dividend for the year ending Oct 31, 1976 from seven yen to 12.5 yen. This will make a total of 20 yen (15 yen) for the year. Sony says it talsedReuter - 178 words
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Article61 1976-10-14 5 LONDON, Wed. The Public Power Corporation of Greece signed a 75 million Eurodollar six-year loan agreement with a group of international banks, Bankers Trust International said as joint lead manager. The loan carries interest at IVt per cent over London interbank offered rates for the first four years61 words
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Article158 1976-10-14 5 NEW YORK, Wed. Growth at International Paper slowed down considerably in the third quarter with net earnings rising by only 19.5 per cent to US$5B.B million. This compares with the 56.1 per cent to $147.1 million chalked up in the first six months. IPC attributes the slowdown158 words
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Article112 1976-10-14 5 Reuter NEW YORK, Wed. Third quarter net income of Kaiser Aluminium and Chemical Corp rose from US$lB.6 million to $21.9 million, giving a nine-month total of $65.1 million ($82.9 million). Net earnings per share were $1.08 (92 cents.) for the third quarter and $3.24 ($4.21) for theReuter - 112 words
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98 1976-10-14 5 Reuter SYDNEY, Wed. Sydney, Stock Exchange Committee sources said the committee considered last night proposals for Sydney brokers to branch out Into other than normal stockbroking activities, Including selling superannuation, life insurance and bullion, surance and bullion. Any Exchange member wishing to branch out intoReuter - 98 words
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109 1976-10-14 5 Reuter ROME, Wed. General Immobillare said its board approved a plan dividing the group into nine divisions according to operating and administrative activities and merging subsidiary Sogene with the parent company. The plan is intended to maximise the group s technical capacities and steam lineReuter - 109 words
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Page 5 Advertisements
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Advertisement207 1976-10-14 5 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 9-10207 words
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Advertisement142 1976-10-14 5 COPYING BREAK-THROUGH on ordinary paper Mm, ill i I DT-1200 reliablity ahead of its time We have all been waiting for it Now it's here. The outstanding DT-1200 introduces a technological break-through into office copying machine reliability. This stylish compact unit uses the advanced Toner Transfer technique which will produce142 words
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Article1896 1976-10-14 6 SECTION ONE INDUSTRIALS Gr'a Gr'a 1976 Last div Div yU P/E Vol Day High Low Company Sale ♦or- c'vr COOO) High Low 250 170 Aetna 180 +5 12.ON 1.1 6.6 9.0 1 180 180 206 172 Alcom 206 20.0 1.3 9.7 13.2 100 60 Allied Choc 661,896 words
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Article1294 1976-10-14 6 BID and offer prices officially listed 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 quoted after the world "Sett." Big Board1,294 words
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Article147 1976-10-14 6 SINGAPORE UNIT TRUST (Manager 1 price* for Oct 14) INCOME BOND UNIT (Currant price* > l 71 i an INCOME BOND 1 07 1 11 The Saving Fund O.M 1.01 8'pore Prof Fund 0.81 O.Mxd S pore Security Fund 1.20 1.32 S pore Invest Fund 1.04 1.00 ASIA147 words
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Article177 1976-10-14 6 S'pore Govt 5 1/2% Taxable Loan No 2 With A I 1975/lst Dec 1977 (1,000,000) (101.688 101 78S) S'pore Govt 5 1/2% Taxable Loan No I With A I 1976/ISth Apr 1978 (1.000.000) (101.548 101 64SM 1)101.56 S'pore Govt 5% Tax Free Loan No I With177 words
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Article1118 1976-10-14 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 A|lnamata (1 788 I. A. Ch»« (0.66'i8). A.P.I. (0 SOB 01,118 words
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Page 6 Advertisements
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Advertisement225 1976-10-14 6 >' .v*,V iii&l aiiSSpffc- 3 7 > d< iT j. i '?&**s *>X& <A r y :v "'h: 0 t V "v I f*% w Alex Josey Has long been en observer, recorder end commentator of the Singapore scene. In this new book, he examines end explains the success of225 words
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Article480 1976-10-14 7 HAW Par shares fell below their par value of $1 in a generally less steadier Singapore stock market yesterday. Moving against the trend, Haw Par fell two cents to close at 99 cents on a heavy turnover of 796,000 units, making it the day's most480 words
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Article473 1976-10-14 7 AFTER several days of continuous decline prices moved ahead under light technical and covering activities at the Kuala Lumpur stock market yesterday. Share were supported a few cents higher under small buying in the first hour. Despite the intermittent bouts of selling that appeared later473 words
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Article91 1976-10-14 7 Reuter NEW YORK. Wed. Westinghouse Electric Corp saw a US$9.l million increase in net income to $59.1 million for the third quarter on revenue up from $1.44 billion to $1.46 billion. For the nine months earnings were up from $124.6 million to $160.8 million on sales of $4.46Reuter - 91 words
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Article995 1976-10-14 7 NEW YORK: The nearly three-week-old hammering of the stock market continued on Tuesday, as Wall Street worried about the slowdown In the US economy and how It might affect the profitability of major corporations. The Dow-Joaes Industrials fell 8.47 points to 932.35 while more than twice as many995 words
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Article296 1976-10-14 7 AMSTERDAM: Shares fell across the board on Tuesday, in line with Wall Street but closed above the day's lows on some late demand after moderate offerings drove the market lower initially. All Dutch International! fell. Elsewhere shares closed lower although Gistbroc and Pakhocd were unchanged. State loans were little296 words
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Article191 1976-10-14 7 offset the full extent of the decline caused by private selling. market sources said. FRANKFURT: Shares generally closed up to five marks lower on Tuesday, institutional buying OCT II Dm AEO •1.00 -1.2 Akso AlU Leben AlU Vers BASF 147 00 -2 Buy HTWbank Bay Vbank Buyer 113 00191 words
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Article340 1976-10-14 7 SYDNEY:'The market fell to a new year's low on Wednesday, although the decline was less steep than In recent sessions, with several leading issues closing firmer, dealers said. The Sydney All-Ordlnarles fell 2.89 points to 438.58. OCT 13 Cents INDUSTRIALS A. C. I ADC A.N.I ARM Ampol Pet B340 words
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Article330 1976-10-14 7 JOHANNESBURG: Gold shares moved generally easier on Tuesday. in hesitant trade reflecting uncertainty over the political situation In Southern Africa, dealers said. OCT 12 Rand INDUSTRIALS A Alpha SOB Abercom 255 AE And CI 187 •5 ATI Bankor Barlows 263 -4 Cg Sugar 540 -10 CNA 165 -3 CumeFinance330 words
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Article120 1976-10-14 7 MANILA: The market firmed across the board in moderate trading on Wednesday, with gains outnumbering losses 12 to one. dealers said. OCT 13 Pesos Acoje Mining 015 urvch Alias Con A 30 00 +0 5 Alias Con B 30 75 ♦0.75 Baguio Gold 012 0 001 BenguetCon B BF120 words
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Article346 1976-10-14 7 HONGKONG: Share prices rose sharply in active trading on Wednesday, following a week of continuous declines, dealers said. The Hang Seng index gained 10.01 points to 394.21, more than regaining yesterday's losses. Turnover dropped to $85 million on the four exchanges combined, from yesterday's 76.01 million, but Hongkong Stork346 words
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Article258 1976-10-14 7 ZURICH: The market generally closed slightly easier on Tuesday. mainly Influenced by Wall Street's weakness, dealers said. Leading banks ruled barely steady, while flnanclals and Insurances were little changed Ciba-Geigy, Alusuisae and Sulxer also eased. Sulzer earlier reported lower Incoming orders and orders in hand. Dollar stocks were barely258 words
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Article254 1976-10-14 7 TORONTO: Share prices fell sharply in quiet trading on Tuesday with losers leading gainers by 317 to 88 and the industrial Index down 2.92 to 177.55. OCT 12 CS Abltibi 11 v* -S A lean 23 •s Algoina 23S -s Bunk Mont IS'< -s Bell Tel 4#'. -s Belh254 words
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Article311 1976-10-14 7 PARIS: The market was sharply lower on Tuesday, with dealing in several shares temporarily halted due to an influx of selling orders, dealers said. OCT 12 Frs CORBE1LLE Atr-Llqulde 307 20 -S.8 B S N Oervals Danone 400 -25 CSF(Thoni.v>nC»f) 183 -4 Cle Francaise desPetroles 92 -2.3 Citroen SA311 words
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Article369 1976-10-14 7 TOKYO. The market closed mixed with a steady undertone in moderate training on Wednesday, dealers said. The Dow Jones average rose 11.26 to 4,704.50 with volume 180 million shares. The new index closed at 350 28. down 0.19. OCT U Yen Ajlnomoto 443 ♦1 Akal 420 2 Asahl Chem369 words
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Article792 1976-10-14 7 LONDON, Wed The stock market was mostly easier In thin trading with sentiment unsettled by the miners' talks with the coal board on pay and benefits, and the disappointing UK industrial production figures, dealers said. At 3 p.m. the Financial Times index was down 2.6 at 291.0. Government loans792 words
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Article114 1976-10-14 7 BRUSSELS: Thfe market continued Its decline on Tuesday, in line with Wall Street with most major Belgium stocks lower in thin trading. (XT 12 Frs FORWARD MARKET Acec 309 Arbed 3375 -30 Astur 1020 70 Brascan MS -11 Bru-Lamb 1810 -10 Canpac <>70 -2 Cock 620 -10 De Beers114 words
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Article128 1976-10-14 7 MILAN: Stocks eased further on Tuesday, in the wake of pessimism over the government's austerity measures and the increase in dividend tax. Bourse sources said. (XT 12 Lire Ante 400 -30 Assoc Gen ***** -650 Bus log 1 900 -40 Central? 6811 -209 Flat 1410 -2 Flnslder 234 -3128 words
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Article83 1976-10-14 7 OCT U Bah is Asia Fibre 11S Bangkok Bank 243 -2 Bangkok Invest 137 1 Bangkok-Metro-politan Bank 2620S unch Bata 341 unch Berll Jucker IMS unch Charoong Thai Wire 144 unch Dumex Duslt Thanl Faber Merlin First Trust Indo-Thal J And J Ho 1M Jalaprathan Cement 71 Karnasuta 34S83 words
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Article94 1976-10-14 7 FINANCIAL TIMES INDUSTRIALS Tuesday 293.6 Monday 286.1 Week ago 319.3 TINS Tuesday 120 12 Monday 123.4 Week ago 124 99 RUBBERS Tuesday 467.02 Monday 463 17 Week ago 479 91 OILS Tuesday 321.75 Monday 315.67 Week ago 336 97 DOW JONES AVERAGE INDUSTRIALS Tuesday 932.35 Monday 940 82 Week94 words
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Advertisement176 1976-10-14 7 Confront Singapores decision makers in Business limes 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 who176 words
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COMMODITY REPORTS AND PRICES
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Article627 1976-10-14 8 AFTER opening a shade higher yesterday, the Singapore rubber market fell back slightly then moved irregularly between 204.50 and 205.50 cents. .Current Nov RSS one buyers finished at 204.00 cents per kilo, up 0.50 cents from Tuesday's close In quiet trading conditions, dealers said. Dealers said the afternoon627 words
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Article105 1976-10-14 8 DAILY SSR and SMR prices at noon yesterday: No*. Dec. R.A.S. (Current Mtk) (Forward Mtk) Buyer* Sellers Buyers Sailors (cents per kg) (ee. its per kg) SSR 20 (1-ton Pallet) 187.00 189 00N 188.00 190.00N SSR 50 (1 -ton Pallet) 184 50 18# 50N 185.50 187.50N M.R.E.L.B.105 words
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Article181 1976-10-14 8 THE Straits tin price In Penang yesterday rose $10 to close at $1,205 per picul on an official offering up 14 tonnes to 205 tonnes. In LONDON on Wednesday, tin gained £16 per tonne for Cash and £20 for Three Months In both contracts. Dealers said the market181 words
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Article30 1976-10-14 8 Rubber: Oct 13 Singapore: Nov. 204.50 cU (up 1.00 cts.) Malaysia: Nov. 209.00 cts. (up 1.50 cts) Tin: $1,205 (up $10) Official offering: 205 tonnes (up 14 tonnes)30 words
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Article150 1976-10-14 8 LONDON, Wed. Silver finished with gains of 3.4p to 4.2p per troy ounce. The advanced gathered momentum in pre-market dealings as short covering and fresh buying developed, aided by the overnight close in New York and expectations of further gains there at the opening today in both silver and150 words
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Article226 1976-10-14 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut OH: Bulk *71 sellers, old drum $76 sellers, new drum *81 sellers. Copra: Mixed (loose) UK/Cont. *45 buyers. Pepper: Muntok ASTA White f.o.b. 100% NLW *3074 sellers, Sarawak white fob MS NLW *292' i sellers. Sarawak ipecial226 words
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Article118 1976-10-14 8 THE following Palm Oil prices were quoted in London on Tuesday The prices are elf Rotterdam and are quoted In US dollars per long ton unless otherwise stated. Tuesday Prev. Malaysian 5% ffa bulk Nov/Dec/Jan u" ch 443 sir Sumatra 5% Oct unch 4«0 sir Noy 452.5 sir118 words
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Article318 1976-10-14 8 A QUIET Singapore gold market saw prices drifting on a low volume with the kilo bar passing from 559,150 down to a closing of 559,110. For London delivery the metal opened at its high of U*****.20 per ounce and moved downwards during the day to close at U*****.25 per318 words
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Article269 1976-10-14 8 LONDON, Wed. Copper wire bars rose 17.50 per tonne for Cash and L 8 for Three Months. Dealers said the market looked rather oversold after the stoploss selling earlier in the week and a technical rally was given fresh impetus by consumer physical offtake overnight in the US and269 words
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Article89 1976-10-14 8 LONDON, Wed. Zinc rose by fully C 2 for Cash and 12.50 for Three Months. Dealers said this metal reflected the rise In copper although there was also some covering against overnight continental physical demand which more than compensated for the news that Amax rolled back its price by89 words
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Article57 1976-10-14 8 LONDON, Wed. Lead gained mostly 8.50 per tonne. The market showed further resilience on covering against European physical sales and some speculative buying which took Three Months up to 1297 per tonne before profit-taking developed. Three Months traded finally in the ring at t'294.50 and on the late kerb57 words
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Article90 1976-10-14 8 LONDON. Wed The terminal opened quiet, £0.05 lower to 1i0.75 higher in sales of 324 lots. Dealers said with no fresh news the market was marking time in front of the day's E.O. Licht first world production estimate for 1976/77 and the result of the day's Moroccan buying tender.90 words
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Article96 1976-10-14 8 LONDON, Wednesday, The Robusta terminal opened irregular £2 to £3 down. Sales totalled 182 lots. Most dealers expected a higher opening but early selling and long liquidation found buyers rather cautious after Tuesday's shake-out and prices fell up to £23 before support improved. Prices recovered quite sharply from the96 words
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Article133 1976-10-14 8 BANGKOK. Wed. Indicative prices for rice quoted yesterday were: US dollars per tonne FOB basis Bangkok, Loonzain unchanged, Parboiled unchanged. Maize unchanged. In HONGKONG yesterday, the market was steady with prices up 10 cents to 30 cents. The day's turnover totalled 392 tons comprising Thais 112, Kwangtungs 178 and133 words
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Article68 1976-10-14 8 The Malaysian Minister of Finance has fixed these rates for the period from Oct 14 until further notice: Rubber 92* cts a lb. Copra $720 a ton. Palm kernel $235.25 a ton. The rates of duties payable are: Rubber 11M cts a lb. (Surcharge 5% cents a lb).68 words
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MONEY AND EXCHANGES
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Article435 1976-10-14 8 SINGAPORE'S forex market was unusually sluggish and quiet yesterday. against a background of fair trading In the past week, according to dealers. Sterling Held to Its old level although it seemed basically soft. Deutsch marks on the other hand looked hard, but again saw little trading. The US unit435 words
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Article172 1976-10-14 8 Asian rates ASIAN currency deposit interbank rates as at close on Oct 13. US Dollar* (Spot) Offer Bid 7 days 5 VI# 5 1/16 1 mth 5 4 7/8 2 mths 5 3/16 5 1/16 3 mths 5 3/8 5 1/4 6 mths 5 13/16 5 11/16 9 mths 6172 words
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Article46 1976-10-14 8 RANGE of prices offered by dis count houses on Oct 13: Overnight 2 1/3 3'« Call deposit 2*» 3"% riming Buv Sell 3-Month Treasurer bills 3 3/16 31/16 3-Month Bank bills 4H 3-Month CD 4*. 4'/, 6-Month CD 51/16 415/16 Source: National Discount Co.46 words
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Article192 1976-10-14 8 Euro rates LONDON, Wed. Trading In Eurodollar deposits was quiet at the opening, dealers said, with near period rates quoted slightly lower, reflecting the Friday dealing technicality. Small rollover Interest was reported in Three and Six months funds. Short dates opened steady but later softened about 1/16 per cent. The192 words
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Article40 1976-10-14 8 THE Monetary Authority of Singapore (MAS) invites banks and discount houses to tender for a total of $30 mil- lion 91-day Treasury bills from Oct. 18 to Oct. 21. Each tender must not be less than $250,000.40 words
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Article44 1976-10-14 8 Minimum lending rates (in ACBC 7 First Chicago 7 Alg«m«n« Book 7 Citibonk 7 7 Bonk o» China 7'* Malayan Bonking 7 7 7 Bonk Ntgoro OCBC 7 7 V* OUB 7 7 l»CB 7V4 CKom Monhotton 7 UMBC 7'/i DBS 7 UOB 744 words
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Article108 1976-10-14 8 Reuter ROME, Wed. Italy's currency reserves fell to around US $1.5 billion (about Ss4 billion) at endSeptember from just over $2.7 billion at end-August, as a result of heavy intervention on the currency market to support the libra and repayment of $500 million to the BundesbankReuter - 108 words
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Article159 1976-10-14 8 Reuter BANGKOK, Wed. The Thai Commerce Ministry said It was resuming the rice stockpile system in order to sell rice to the public at low prices. Rice exporters applying for licences are required to sell a percentage of the grain to be exported at pricesReuter - 159 words
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Article119 1976-10-14 8 Reuter WASHINGTON, Wed. The US Agriculture Department again trimmed its estimate of this year's US soybean crop which It now forecasts at 1,250 million bushels, or two per cent less than the 1,274 million it projected a month ago. The latest estimates would put the crop 18Reuter - 119 words
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Article469 1976-10-14 8 LONDON, Wed. The French franc moved sharply lower in nervous London trading to around 5.0070/0100 to the dollar after opening at 5.0000/40 and compared with 4.9910/30 overnight, dealers said. One dealer said a large commercial purchase of dollars in Paris depressed the franc rate yesterday and this factor continued469 words
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Article167 1976-10-14 8 NEW YORK, Tues. The dollar closed lower on balance amid Indications the Federal Reserve apparently eased monetary policy and lowered its target for federal funds, dealers said. The fall marks the first time in recent dollar gyrations that is movement has been governed by US economic developments rather167 words
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Article146 1976-10-14 8 TOKYO, Wed. The US dollar for overnight delivery closed firmed at 290.10 Yen, compared with 289.50 at the opening and 288.95 at Tuesday's close. The US unit rose steeply on active demand for import settlement needs reflecting an overnight fall in the yen in overseas centres, dealers said. Traders146 words
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Article33 1976-10-14 8 HONGKONG banknotes quoted on Oct 13: US 4.85/4.87 UK 8.00/8.20 Burma 2.00/2.50 India 4.45/.475 Indonesia 1.12/1.16 Japan 1.672/1.682 Korea 0.90/0.95 Philippines 0.59/0.62 Singapore 1.965/1.985 Malaysia 1.92/1.94 Brunei 1.925/1.945 Thailand 23.60/24.00 Taiwan 11.90/12.2033 words
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Article51 1976-10-14 8 AUSTRALIA/NZ exchanges quoted on Oct 13: Sterling 0.7530/0.7452 US dollar 1.2408/1.2358 Ninety day air mail buying rates: Sterling 0.7888, US dollars 1.2691 Ninety day forward buy- ing rates: Sterling 0.7662, US dollars 1.2247 New Zealand: Sterling 0.5882/0.5847 US dollar 0.9771/0 9671 Ninety day forward rate: Sterling 0.6372, US dollar51 words
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Article40 1976-10-14 8 ZURICH exchanges quoted on Oct 12: US 2.4493-4503 UK 4.0505-0540 Can 2.5140-5160 W Germ 100.44-53 Neth 95.82-92 France 49.04-09 Belg 6.53-1/4-54-1/4 Demn 41.88-92 Norw 46.02-06 Swed 57.52-57.57 Italy 0.2914-2917 Austria 14.14-17 Port 7.81-84 Spain 3.60-60-3/4 Arg 1.25-2.25 Japan 0.84-1/2-8540 words
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Article32 1976-10-14 8 FRANKFURT exchanges quoted on Oct. 13: US 2.4330/45 (2.4370/85). Can 2.4997/5013. UK 4.025/040 Neth 95.00/20. Switz 99.50/65 Italy 2.890/905. France 48.45/60. Norw 45.80/84. Belg Com 6.49/50 Belg Fin 6.27/28. Japan 0.8387/97.32 words
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Article347 1976-10-14 8 LONDON, Wed. Straights firmed slightly in moderate trading, dealers said. Prices were generally up to 1/4 point higher against a background of lower US short-term Interest rates and a quiet primary market. In first time dealings, the New Zealand 100 million mark 9-3/4 per cent issue due 1981347 words
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Article82 1976-10-14 8 Reuter WASHINGTON, Wed. The General Services Administration (GSA) said it is offering 171,152.48 troy ounces of silver on behalf of the US Bureau of the Mint. The GSA's business service centre in New York called for purchase bids by 11 a.m. Oct. 27. The GSA said theReuter - 82 words
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Page 8 Advertisements
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Advertisement111 1976-10-14 8 There's only one accurate answer lo complicated calculations Calculators Sharp Calculators have a host of methods to help you improve efficiency, save capital and expensive time. :V CS-4152 14 digits, 1 memory, Display with print/non-print switch. Item counter. Right shift key. Constant and complex calculations. M m kM m* 7111 words
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TRANSPORT AND COMMUNICATIONS
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556 1976-10-14 9 TERESA LIM - By TERESA LIM SINGAPORE was recently given the unflattering distinction of having flags of convenience vessels with a 'significantly worse safety record than the regulated fleets." Together with strange bed-fellows Cyprus and the Somali Republic, Singapore was cited as a "particularly bad556 words
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164 1976-10-14 9 PHILADELPHIA, Wed. Edgar Speer, chairman of United States Steel, announced company plan.', to broaden Its activities In International shipping. As the first step US Steel has acquired the 80,000 dwt vessel, the Navios Pioneer, which will be operated by the Navios Corporation, a US164 words
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Article68 1976-10-14 9 Reuter TOKYO, Wed. The Japan Container Association (JCA) said it will send a survey team to the US GULF and Caribbean countries to study possibilities of operating Japanese container carriers on the JapanGulf/Caribbean routes. Leaving here on Saturday, the 11-man expert mission will visit Houston, New Orleans, Kingston,Reuter - 68 words
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Article507 1976-10-14 9 ARRIVALS Service Local Operator Number Time From OA OA472 0035 SYD SIA SQ209 1010 HLP CPA CX710 1000 HLP GIA GA980 1030 HLP GIA GA908 1100 MES SIA SQ201 1200 HLP SIA SQ240 1205 MES GIA GA895 1235 AMS/FRA/FCO/ BOM/BKK 4 THAI TG413 1250 BKK GIA GA982507 words
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Article, Illustration195 1976-10-14 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVEB: Ever Reliance (Clinker) 5, Frotabelra 46, Golden Wonder 24, Hugheverett 31/32, Ivan Kotlyarevskly 6/7, Kosmonavt 47, Kyoten Maru 29/30, Marchen Maersk 42/43, Neder Rhone 35/36, Perak 20 East. SBS 111 (B. Barge) 48, Vlshva Anurag 15/16, Vlshva Mamta 46, and Yaeshlma Maru195 words
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Article104 1976-10-14 9 Reuter [CAPE TOWN, Wed. The South and South-East African conference lines will increase freight tariff rates 15 per cent, on cargo shipped to European ports by vessels commencing to load at each port in the Walvis Bay/Chinde range from Dec 27, a conferenceReuter - 104 words
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Article112 1976-10-14 9 TWO new container ships to be purchased by Incortrans Shipping, will be used on the Europe-South America route. The route is operated by Combi Line, in which Incortrans is a Joint partner with Hapag Llyod of West Germany. Tenders will be offered within the next112 words
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Article96 1976-10-14 9 Reuter TOKYO, Wed. TDA Domestic Airlines (TDA) saW it signed a contract with Mcdonnell Douglas Corp of the US to buy four DC—9 Jetliners, with an option on a further four. TDA said the first four Jetliners will be available between December, 1977, una April. 1978. andReuter - 96 words
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Article, Illustration802 1976-10-14 9 The Malaysian International Shipping Corporation did not do as well last year as it did in 1974. Nevertheless, its $24.9 million profit demonstrates the strength and'resilience of the MISC fleet because there was a world slump suffering losses that ran ihto millions. KUALA LUMPUR,802 words
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367 1976-10-14 9 TERESA LIM - By TERESA LIM THE Port and Shipping Services Co-operative, the only such co-operative In Southeast Asia, has pledged its support to the Singapore National Shippers' Council (SNSC) for its new working plan. The society, established in June this year, proposes that the SNSC organise367 words
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Advertisement161 1976-10-14 9 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)161 words
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615 1976-10-14 10 NYT NEW YORK, Wed. Any analyst attempting to cornpure the latest statements on Sino-Soviet relations by the two sides gets the impression that he is in a universe created by Franz Kafka where nothing is what it appears to be. The SovietNYT - 615 words
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Article, Illustration1593 1976-10-14 10 ARTHUR NG - CASH HUNGRY UOB PUSHING ITS WAY TO THE TOP... By ARTHUR NG LIKE a young man in a hurry, United Overseas Bank has grown rapidly In the five years since its listing on the Stock Exchange of Singapore in 1970. While there are many examples of its aggressiveness in pushing1,593 words
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Article794 1976-10-14 10 DAVID ROSENBAUM - By DAVID ROSENBAUM NYT AFTER 15 years of debate and discussion and a lobbying effort that was the bread and butter of hundreds of lawyers, Congress has finally reviewed the nation's copyright law for the first time since 1909. No firecrackers went off when the compromiseNYT - 794 words
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Page 10 Advertisements
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Advertisement197 1976-10-14 10 APPOINTMENTS Applications are invited from suitably qualified Singaporeans for the position of Maintenance Supervisor for a cement works in Jurong. The successful candidate, after an initial period of familiarisation will be responsible to the Plant Engineer for the services, repairs and maintenance of all plants, machinery and equipment, both electrical197 words
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Advertisement224 1976-10-14 10 A Multi-International Company marketing a range of systems business equipment is seeking suitable candidates to fill the following senior posts:(ft) SALES MANAGER Candidates should possess the following qualities: (i) A proven sales record of at least 3 years in the field of small business systems. (ii) Above 26 years old224 words
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Page 11 Advertisements
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Advertisement447 1976-10-14 11 For over a decade, MWM Diesel has been an active participant in the growth of developing and industrialised countries throughout S.E. Asia. From 3HP engines for irrigation systems to 10,000 KW power plants, MWM has supplied equipment and expertise to a wide variety of marine and industrial applications. In the447 words
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Article, Illustration715 1976-10-14 12 SINGAPORE now has the 15th largest merchant fleet In the world. The Registry of Ships, which stood at five million grt in January this year, has now passed the six million tonne mark. This was disclosed by the Senior Minister of State for715 words
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Article173 1976-10-14 12 THE Industrial Training Board is to help the hotel industry by upgrading the standard of its previous trainees and providing more trained graduates at basic levels. The move towards quality and professionalism in the industry will be fulfilled by a three-year integrated apprentice173 words
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Article42 1976-10-14 12 Reuter HONGKONG. Wed. A Cambodian Government trade delegation arrived in Peking today for a friendly visit to China, radio Peking reported. The radio, monitored here, said the delegation was greeted at the airport by Chinese Foreign Trade Minister Li Chiang.Reuter - 42 words
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361 1976-10-14 12 THE next 10 years of the shiprepair industry will be characterised by intense competition. This increase will not only come from an excess in supply of shiprepair capacity, but also from national governments increasingly distorting competition by subsidies. This competition will be particularly361 words
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Article241 1976-10-14 12 Agencies VATICAN CITY, Wed. The Vatican Radio broadcast yesterday a document issued by 14 Philippine bishops denouncing the "oppressive circumstances" of next Saturday's national referendum on martial law. The broadcast stressed the "absence of all guarantees of freedom of speech and of assembly" in theAgencies - 241 words
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Article, Illustration626 1976-10-14 12 SHIPCARE 1976 SEMINAR THERE are clear indications that as far as the South-east Asia shiprepalr industry is concerned, significant progress will be made before the end of the decade, with Singapore still maintaining a leading role in the region. This will be true626 words
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288 1976-10-14 12 THE Government will continue to promote the development of suitable aviation manufacturing projects. It will abo consider extending tax incentives and financial assistance to them. This was stated yesterday by Dr. Lee Chiaw Meng, Minister for Science and Technology, when he opened Singapore's288 words
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142 1976-10-14 12 COPIES of the "invitation to bid" at thf fourth gold auction of the International Monetary Fund on Oct. 27 are now available at the Monetary Authority of Singapore. The copies, obtainable at the finance and administration department of the MAS office at SIA building,142 words
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Article29 1976-10-14 12 ROXY Realty (Singapore) is being sued by BEP Akitek for $364,894. A suit was filed at the High Court yesterday allegedly for work rendered to the defendant.29 words
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Article745 1976-10-14 12 Reuter UPI BANGKOK. Wed. A fresh curfew was clamped on Bangkok today the eve of the third anniversary of the October 1973 revolution and amidst rumours sweeping the Thai capital that a counter-coup was imminent. An order by the ruling military council said the curfew wouldReuter; UPI - 745 words
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258 1976-10-14 12 Reuter LONDON, Wed. Allied Breweries said it is bidding eight ordinary shares for each ordinary share of Teachers (Distillers) and offering 65p cash for each Teachers five per cent preference share, giving an offer value of i'l9s million $793.6 million). The offer is worthReuter - 258 words
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Article215 1976-10-14 12 HAGEMEYER Trading (S) has entered into a joint venture agreement with a Dutch multinational company Oce Van Der Grin ten N.V. to market a line of photocopiers. The new company called Oce-Haeemeyer (Singapore) will be set up to market a line of copying machines for blueprints, engineering215 words
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Article107 1976-10-14 12 MANILA. Wed. American businessmen in the Philippines arc considering a class-action lawsuit against the now US tax law's reduction in the tax exemption on income earned b> Americans abroad, the Aamricaa Chamber of Commerce said today. The lawsuit was one of five courses of action suggested107 words
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222 1976-10-14 12 AP KUALA LUMPUR, Wod. The Association of Natural Rubber Producing Countries will hold its ministerial —Iht d urine which the International natural rnbber price stabilisation agreement will be signed on Nov. 29kadi0. The Primary Industries Minister, Datnk Musa Hitam, is expected to representAP - 222 words
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Article84 1976-10-14 12 Reuter JAKARTA, Wed. President Suharto today conferred with the director of the state-owned Pertamina Oil Company Piet Harjono, on the current oil situation in the country. Pertamina, which has massive debts of some US$6,OOO million (5514,700 million) is reported to be stepping up oilReuter - 84 words
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456 1976-10-14 12 THE Sentosa Development Corporation, aided by the Port of Singapore Authority, has become the Government's arm for developing leisure and pleasure activities. Its latest annual report for March 1976 reveals that SDC's finances and scope of operations have widened considerably. It was originally incorporated456 words
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Article260 1976-10-14 12 THE question of confidentiality must be considered in degree rather than as a whole and in this respect, accounts clerks cannot be regarded as confidential employees. This view was put by the Singapore Industrial Labour Organisation to the president of the Singapore Industrial Arbitration Court, Mr.260 words
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Advertisement132 1976-10-14 12 AN UNCOMMON LUNCH served by happy people At The Continental we enjoy doinq things differently Like offermq a choice of 3 superb roasts on silver waqonfor lunch There's US prime rib of beef Roasted American, style Or pork qla/ed with honey and beer for that extra crisp skin. Or iamb132 words
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