The Business Times, 7 December 1976
1976-12-07
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The Business Times
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Title Section10 1976-12-07 1 BUSINESS TIMES M.C.(P) 1455/76 TUESDAY, DECEMBER 7, 1976 SO CENTS10 words
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NEWS IN BRIEF
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Article53 1976-12-07 1 AP SUVA, (FIJI), Mon. Fiji's coconut planters have appealed to the Government for urgent reorganisation of their Industry as it heads for a slump In copra production. They have asked for the creation of a coconut industry authority with the chief objective of established coconut by productAP - 53 words
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Article50 1976-12-07 1 Reuter AMMAN, Mon. Syrian President Hafez al-Assad arrived today for talks with King Hussein of Jordan which were expected to bring their countries closer together. President Assad was accompanied by his Prime' Minister, Major-General Abdel-Rahman Khaleifa, and several Cabinet members. The visit will last two days. ReuterReuter - 50 words
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Article41 1976-12-07 1 Reuter HONGKONG, Mon. Chinese Communist Party Chairman Hua Kuo-Feng had talks with Vietnamese Vice-Premier Do Muoi in Peking today, Radio Peking reported. The radio, monitored here, said they had friendly talks but gave no further details. ReuterReuter - 41 words
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Article54 1976-12-07 1 AP PARIS, Mon. The French Printing Trades Union voted today to continue a strike against French newspapers for 24 hours. Monday editions were cancelled by the strike to protest evacuation of union members from the premises of the newspaper Parisien Libere, and the extension will prevent TuesdayAP - 54 words
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Article57 1976-12-07 1 KUALA LUMPUK, Mon. The "Jogjakarta memorandum of understanding December 1976" on the setting of the international border between Malaysia and Indonesia will be signed soon. The memorandum will be initialled during the week-long meeting of the committee to decide the international border between the two countries to be57 words
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Article46 1976-12-07 1 AP MIAMI, Mon. Cuba and Angola have signed an agreement for education and economic development aid in the young African nation, Radio Havana said today. The broadcast said Cuba agreed to help in construction, transportation, agriculture, forestry, fishing and coffee culture. AP.AP - 46 words
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Article28 1976-12-07 1 Reuter CAPE TOWN, Mon. Fighting between workers and other blacks flared in Nyanga township today, police said. Unconfirmed reports put the death toll at three.Reuter - 28 words
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Article44 1976-12-07 1 UPI NEW YORK, Mon. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 952.54, up 1.99; 20 transp 228.82, up 0.23; 15 utils. 103.53, up 0.39; 65 stocks 310.41, up 0.65. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration174 1976-12-07 1 TRADING at the Stock Exchange of Singapore was steady. Price movements were narrow. The Business Times index was 0.27 point higher at 242.72 while the Straits Times Industrial average was down fractionally to 245.14. Foils Most active K Kampar Weanwi Metal Box Spore W Jack* OCBC OUB174 words
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Article112 1976-12-07 1 Rises Most active M Tobacco $5 20 .15 Haw Par 151,000 New S.T.P. $3 84 .14 Central Sugars 92,000 Sg Best $1.47 .14 Sime Darby 80,000 D. Keramat $4.76 .06 Inchcape 73,000 U. Plant $1.67 .06 Int. Wood $0.56 .05 Total Turnover. 0.94 M EssoOrd. $1.72 +.03112 words
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Article591 1976-12-07 1 AS LDP HEADS FOR DEFEAT Reuter TOKYO, Mon Prices fell sharply on Tokyo stock markets and the Bank of Japan moved to stem a massive flight from the yen today as the country's ruling Liberal Democratic Party (LDP) headed for defeat in yesterday's general election.Reuter - 591 words
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Article117 1976-12-07 1 Reuter MANILA, Mon. The Philippines hopes to be able to float US$3O million (5173.5 million) worth of yen bonds on the Japanese market in the near future, high government sources said tonight. The sources said negotiations had been going on with Japan for someReuter - 117 words
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Article77 1976-12-07 1 Reuter BANGKOK, Mon. Thai forces are planning to stage a large-scale operation in southern Thailand where communist guerillas have stepped up activities, armed forces supreme commander air chief Marshal Kamol Detchatunga said today. He told reporters that the aim of the operation was to boost theReuter - 77 words
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553 1976-12-07 1 WITH only 72 hours to go before time runs out for achieving a compromise before the poll vote this Friday, Slme Darby chairman James Bywater is now faced with the decision on whether to continue discussions with the dissident shareholder group led553 words
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Article245 1976-12-07 1 THE London Takeover Panel yesterday ruled that It has found no evidence that any rule In the London Takeover Code has been breached in the dispute between the Slme Darby board and dissident shareholders wanting to put three nominees on the board, and to unseat three245 words
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Article270 1976-12-07 1 Reuter HONGKONG, Mon. Wheelock Marden said that. In the absence of any firm offer for the company being received within 10 days from Dec 6, It will consider the current merger discussions with Hongkong Land and Hutchison International terminated, The company said in a statement theReuter - 270 words
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378 1976-12-07 1 DEFENCE Minister Ooh Keng Swee yesterday expressed his concern on whe- ther the Singapore Armed Forces' attempts at social work, Involving thousands i of men each year, really achieves anything worthwhile. Speaking very openly at the SAF Reservists' Association Christmas378 words
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Article88 1976-12-07 1 ASEAN economic ministers will meet in Manila next month to receive and study the reports of the various official level committees on Asean trade and industrial co-operation. Disclosing this, the Trade and Industry Minister, Datuk Hamzah Abu Samah, said it was hoped that decisions could be88 words
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331 1976-12-07 1 METAL Box Singapore is to acquire from Secure, a wholly-owned subsidiary of City Developments, all its fixed assets and outstanding contracts for $2.7 million. It will then form a new company, known as Secure Singapore, to take over the assets and business331 words
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Article335 1976-12-07 1 SINGAPOREANS will go to the polls to elect a new government on Dec 23, following the dissolution of Parliament by President Sheares last night. Nomination day is next Monday Dec 13 and poll lng day 10 days later. The Government In a statement said the Cabinet335 words
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Article153 1976-12-07 1 PARIS, Mon. Oil Imports by the 24 countries of the Organisation for Economic Co-operation and Development (OECD) fell eight per cent to 1.19 billion tonnes in 1975, the OECD reported today. It said European members' imports fell 13.4 per cent to 628 million tonnes, reflecting both a153 words
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Article110 1976-12-07 1 A DISTRICT court yesterday set aside six days in May next year for the preliminary inquiry into two charges of criminal breach of trust against Cho Jock Kim, managing director of Far Eastern Hotels Development Ltd. The inquiry was originally to have been heard110 words
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Page 1 Advertisements
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Advertisement49 1976-12-07 1 A 1 I W: *****/***** GIVE US A RING Overieti newa/TV Radio Oveneai ne Featurea Local Co newt Overseas stocks P 2 Commodities Transport A ComP 3 munications P 4 Features International Co new* P 5 Local Overseas news Pll Local stocks P fi Local Overseas news Pl 249 words
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Advertisement20 1976-12-07 1 4 Shenton Way (1). Tel: *****55 541 Orchard Road (9). Tel: *****2 505 Yung An Rd., Jurong (22). Tel: *****220 words
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Advertisement0 1976-12-07 1 \{"{':>$%)*|,+|<=@!:+[!}?<.*-(~0 words
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Advertisement97 1976-12-07 1 U-BIX COMPLETE COPYNG SYSTEM APS ELECTRONICS (PRIVATE) LIMITED Stngapoi* T* 3H002 ft Lrnml APS ELECTRONICS (M) SDN BHD KIMLA lUMFMR T*i 303*7*»1«0 €XPORT GOOD FOR YOUR DUSIN€SS GOOD FOR SINGAPORE. The Chartered Bank takes the complications out of export and puts the service in. More than 1500 branches all over97 words
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OVERSEAS
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416 1976-12-07 2 UPI WASHINGTON, Mon. The South Korean Government fears that US investigations of its influencepeddling activities could damage Korea's relations with the United States. US officials agree that might happen, although they consider it unlikely. The key to the future climate betweenUPI - 416 words
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Article160 1976-12-07 2 WASHINGTON, Mon. Italian Prime Minister Giulio Andreottl met US President Ford at the White House today to discuss Italy's economic problems. Mr. Andreottl, arriving today for a private meeting with Mr. Ford, was the guest of honour at a formal White House dinner likely160 words
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Article42 1976-12-07 2 AP KATMANDU, Mon King Blrendra, in a gesture k toward opponents of his late father's rule, has granted .pardons to 12 senior politicians who fled to neighbouring liTdla after the monarchy took over absolute power In the country in 1960. APAP - 42 words
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188 1976-12-07 2 UPI SEOUL, Mon. Ranking military officials of South Korea agreed that a high possibility exists that North Korea may make a military adventure against the South to avert worsening Internal problems. Officials from the army, navy and air force made the assessment while reviewingUPI - 188 words
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305 1976-12-07 2 UPI GENEVA, Mon. Britain's chairman of the Rhodesia conference, Mr. Ivor Richard, held private individual meetings today with all four black nationalist delegation leaders before convening another full session including the white minority government faction. Mr. Richard first saw Bishop Abel Muzorewa, the moderate presidentUPI - 305 words
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Article212 1976-12-07 2 Reuter BELGRADE. Mon. Mr. Valery Giscard d'Estaing today becomes the first French President to visit post-war communist Yugoslavia when he arrives for a two-day official visit originally set for last September. The .journey was postponed because President Tito was forced to rest by anReuter - 212 words
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371 1976-12-07 2 AP BEIRUT, Mon. The head of one of Lebanon's largest Christian militia units said today armed Palestinian organisations on Lebanese soil must be disbanded "once and for all" before the nation's nearly two-year-old civil war could be considered over. The statement by Christian InteriorAP - 371 words
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137 1976-12-07 2 Reuter GENEVA, Mon. Western Europe spends more on social security than any other part of the world, according to figures published by the International Labour Organisation (ILO). The figures appeared In a survey of the cost of social security In 71 countries, covering sicknessReuter - 137 words
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Article388 1976-12-07 2 Reuter LONDON, Mon. The British Cabinet will this week continue Its series of meetings to determine the slse, shape and timing of public expenditure cuts for the coming financial year, reliable sources said. Last week, ministers started discussing economic policy changes which will be demandedReuter - 388 words
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Article126 1976-12-07 2 Reuter MEXICO CITY, Mon. A 4.000-strong peasant army demanding the break-up of big private estates in northern Mexico today swelled with new recruits and defied official appeals to disperse. The peasants, encamped in armed strongholds, represent the first major challenge to the Government of President JoseReuter - 126 words
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478 1976-12-07 2 NYT CARACAS, Mon. Everyday hundreds of men, women and children cross into Venezuela from Colombia, walking along the paths and back roads that pierce the sparsely guarded border. The lure is the possibility of finding work In a country with a multibllllon dollar incomeNYT - 478 words
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303 1976-12-07 2 AP WASHINGTON, Mon. The Ihead of the US Agriculture Department's largest international agency (USDA) said today that new and larger world markets must be found if American farmers are to prosper, a view shared by Presidentelect Jimmy Carter. Mr. David Hume, administrator ofAP - 303 words
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Article220 1976-12-07 2 NAIROBI, Mon. East African Airways, the Jointly owned national carrier of Kenya, Uganda and Tanzania, faces possible grounding because of a massive shortage of cash, a Nairobi newspaper reported today. The airline has been hit by one of the worst financial crises in its 30-year220 words
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216 1976-12-07 2 Reuter LONDON. Mob. British housewives face extensive price increases in the next few Months and export orders are expected to decline, according to the latest survey of economic trends compiled by the Confederation of British Industry (CBI). The survey, a hey guide toReuter - 216 words
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Article33 1976-12-07 2 SYDNEY, Mon. Members of a commercial television news team and an underwater diver were apprehended today while trying to test Royal Australian Navy security in Sydney Harbour, reliable sources said.33 words
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Article119 1976-12-07 3 Reuter BELGRADE, Moil. French President Valery Discard d'Estaing said in an interview the decisive ministerial meeting in the North-South dialogue between rich and poor nations Is likely to be held in the next few months. Mr Olscard d'Estaing, who arrives here late today on a two-dayReuter - 119 words
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Article125 1976-12-07 3 AP NEW YORK, Mon Egyptian President Anwar Sadat has said in an interview that he is ready to sign a peace agreement with Israel, Newsweek magazine reported yesterday In Its current edition. Mr Sadat was quoted in the Interview with Newsweek's William Schmidt as saying,AP - 125 words
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170 1976-12-07 3 AP SEOUL, Mon. Hill Samuel, a British merchant bank, has informed South Korea of its decision to establish a USIB million (Ssl9 million) merchant bank here around March, the Finance Ministry said today. It said 'that the British firm plansAP - 170 words
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Article89 1976-12-07 3 UPI TAIPEI, Mon. Taiwan's economic growth rate Is expected to be 11.6 per cent this year, the highest in three years, the government said today. The original target was 6.4 per cent. The government reported a 13.4 per cent growth rate In the first half of this yearUPI - 89 words
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Article, Illustration548 1976-12-07 3 WASHINGTON, Monday UPI AP MR THOMAS Lance, who will head the Office of Management and Budget In the Jimmy Carter White House, thinks a tax cut "Is almost a certainty" when the new administration takes office. But he acknowledged that the goalUPI; AP - 548 words
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354 1976-12-07 3 UPI MONTREAL, Mon. Widespread violations of International air tariff agreements are costing scheduled air carriers between US$3OO million and US$5OO million (***** million and 811,200 million) in lost revenue annually, the International Civil Aviation Organisation said today. The ICAO, a specialised agencyUPI - 354 words
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803 1976-12-07 3 A.H. RASKIN - By A.H. RASKIN NYT HAS a new militancy gripped the labour movements of Western democracies, or Is the end of Ideology In post Industrial society causing the strike to wither away as an economic weapon? Each of these contradictory appraisals has had persuasive championsNYT - 803 words
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Article711 1976-12-07 3 DILEMMA OF THE WORLD'S MONETARY SYSTEM UPI NEW YORK, Mon. International economists say the rash of currency adjustments Is a reaction to high inflation rates In certain countries, like Britain, as well as political developments that shake Investors' confidence In a nation's future. The currencies of manyUPI - 711 words
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Article98 1976-12-07 3 Reuter HONOKONO Mon. China has accused the Soviet Union of trying to control the South Atlantic in a bid for world wide maritime supremacy, the New China News Agency reported today. The official People's Daily, in a short commentary quoted by the agency, charged that the SovietReuter - 98 words
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Article71 1976-12-07 3 Reuter ROME, Mon. The Italian Government has held a nine hour meeting with trade union leaders to explain its economic austerity policies which have been severely criticised by the unions. Both sides described the meeting as positive and constructive, but union leaders said they still want moreReuter - 71 words
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Article33 1976-12-07 3 IN THE weekly Monday column. One Man's Week, It was incorrectly stated that the 1500 million government bonds were Issued on Dec. 3 The correct date should have been Oct 15.33 words
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322 1976-12-07 3 NYT KINGSTON. Mon. Regardless of which party wins the forthcoming general election on Dec 15, the Daily Cleaner commented editorially the other day, the state of the economy is such that it will be many months, or years, before there is recovery. TheNYT - 322 words
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389 1976-12-07 3 Reuter LONDON, Mon. Some less developed countries (LDC's) are likely to foUow the recent example of Zaire, Argentina and North Korea and seek a rescheduling or refinancing of existing debt payments to avoid outright default, Barclays Bank International said In Its latest review.Reuter - 389 words
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Article145 1976-12-07 3 Reuter GENEVA, Mon. The Swiss electorate In a referendum has decided to renew for a further two years an emergency decree governing the formulation of official monetary policy and credit policy. This decree gives the authorities freedom of action to prevent the economy overheating by ImposingReuter - 145 words
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Page 2 Advertisements
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Advertisement293 1976-12-07 2 mmXmm H|M| mm «<»nW i SVMP:w MACHI Gold Safes, Firemaster filling cabinets, Computer Safes, Vault Doors, Night Safes and Safe Deposit Boxes tested and passed by Japan Industrial Standard which is also the equivalent to the International Standards Burglar Safes is equivalent to Anti-burglar standards of Underwriters Laboratories, Inc. U.S.A.293 words
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Page 2 Miscellaneous
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Miscellaneous10 1976-12-07 2 ttn OFF ib *p smpu. Be sfpf^wio so« IA PL«Ge10 words
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Miscellaneous304 1976-12-07 2 WEATHER report for 24 hours prior to 7.30 p.m. on Dec 6 at Singapore airport: Maximum temperature 30.7° C Associated humidity 65 Minimum temperature 23.5° C Associated humidity 98 Hours of sunshine 6.30 Rainfall in millimetres 1.8 Total rainfall for the month 5.9 Total rainy days for the month 3304 words
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Page 3 Advertisements
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Advertisement143 1976-12-07 3 jfm jl■ i 'r f r u a A* > c 3S* V *W" r 3 a\ v^y r vV ■i r. r T t r t jr z .V<^' «'> .VjwV*- V;~, jV r > *WJr'rr& MAI A S f r J eT" l We manufacture a great or143 words
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COMPANY NEWS
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345 1976-12-07 4 WEARNE Brothers looks all set to resume its growth path as indicated by the splendid performance turned in for the year ended Sept. 30, 1976. Unaudited group pre-tax profit recorded a hefty Jump to $15.84 million, up some 200 per cent from345 words
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674 1976-12-07 4 DURING the year ended March 31, 1976 Quia Perak appears to have made very little headway in cutting down the staggering losses it incurred over the previous five years. The company suffered another pre-tax trading loss of M 52.81 million compared with674 words
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1251 1976-12-07 4 A VERY sharp fall In earnings from its traditional trading activities and a continuing loss in Its Singapore's manufacturing activities have plunged William Jacks (Malaya) Into the red for the year ended June 30, 1970. The group suffered a pretax loss of M 52.311,251 words
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Article347 1976-12-07 4 TIMURAN Holdings which has under Its wings well known trading companies like Caldbeck MacOregor, has achelved a good rise In profit for the first six months ended Sept 30. 1976. despite difficult economic conditions. Group pre-tax profits showed a 24.35 per cent Increase to Mf1.26 million347 words
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Article406 1976-12-07 4 Current payment Ex Date Data payable Total far the year Total for previous yeai TtitaMiiN Rivfrvww M Bankinf Mil. 8m. Ktatyu Kp«. Lanjul U.I.C. Toshiba Malakoff Khong Guan Flour Premium Hold. Bukit KaUl P.M. Holding. Island 6 Pen. Metal Box bhd. Incbcape Incbcape Loan H'land A L' land406 words
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Article59 1976-12-07 4 TAIPING Textiles announced tne resignation jf Messrs. Bernard Bang-chun Own and Li Wen-li as directors of the company at their board meeting on Dec 3. The company also announced the appointment of Messrs. Lau Yuen Wan and To Sing Lui as directors. Mr. Timothy I'hua Seng Lam59 words
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COMPANY MEETINGS
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21 1976-12-07 4 THE following company meetings are due: Dec 9, 10 a.m., Registered Office, 31 Shipyard Road, Singapore 22.21 words
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Article15 1976-12-07 4 Dec 11, 12 noon, 6th Floor, Clifford Centre, Raffles Place, Singapore 1.15 words
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Article14 1976-12-07 4 Dec 11, 12 noon. Registered Office, 92 Jalan Bandar, Kuala Lumpur.14 words
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16 1976-12-07 4 Dec 15, 2.30 p.m. 10-A, Block 34, Commonwealth Lane, Singapore 3.16 words
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17 1976-12-07 4 William Jacks Company |(Malaya) Bhd.: Dec 18. 12 noon. Registered Office, Jalan 13/14 (Jalan Bersatu), Petallng Jaya.17 words
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18 1976-12-07 4 Dec 18. 9 a.m., Registered Office, 13th Floor, UIC Building, Shenton Way, Singapore 1.18 words
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Article19 1976-12-07 4 Dec 18. 12 noon, Conference Room of Goonting Chew, No. 7 Jalan Raja Abdullah. Kuala Lumpur.19 words
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1265 1976-12-07 4 RHYS DAVID - By RHYS DAVID FT THE plant closures recently announced by Courtaulds, together with the publication of half-year profits which reflect the continuing textile recession, have Inevitably raised doubts about whether Courtaulds' strategy for the textile business which began to take shape in the early 'sixtiesFT - 1,265 words
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LATEST RESULTS
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Article33 1976-12-07 4 VENEER PRODUCTS Unaudited consolidated S re-tax profit $065,000 (loss 151,000) for the first halfyear ended Aug 31, 1976. Net sales were $2.68 million ($885,000). Parent company pre-tax loss $76,000 (loss $69,000).33 words
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Article26 1976-12-07 4 TONGKAH HARBOUR TIN DREDGING Net profit $286,213 ($1.3 million) for the year ended June 30, 1976. Dividend totalled 11 per cent (23 per cent).26 words
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Article29 1976-12-07 4 Aokam tin Net profit M 54.22 million ($6.42 million) for the year ended June 30, 1976. Turnover $25.35 million ($28.99 million). Dividend totalled 25 per cent (same).29 words
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Article42 1976-12-07 4 CHIN TECK PLANTATIONS Consolidated net profit M 51.46 million ($2.04 million) for the year ended Aug 31, 1976. Sales $8.43 million ($8.60 million). Final dividend 10 per cent (7.5 per cent), making 17.5 per cent (same), payable Feb 1.42 words
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Article31 1976-12-07 4 SUNGEI BAGAN RUBBER (M) Pre-tax profit M 5454,437 ($409,990) for the •year ended June 30, 1976. Crop harvested 1.2 million kg (1.1 million kg). Dividend 10 per cent (nil).31 words
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Article25 1976-12-07 4 GEORGE KENT (MALAYSlA)—Unaudited group pretax profit M 5912,000 ($744,000) for the first halfyear ended Sept 30, 1976. Turnover $9.43 million ($9 94 million).25 words
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Article630 1976-12-07 4 LONDON, Mon. Company share prices do not yet reflect the impact of the proposed new current cost accounting (CCA) system, although the market as a whole Is discounting the overall impact, Phillips and Drew, the stockbroking firm said. Philips and Drew has analysed the effect of630 words
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Article63 1976-12-07 4 Reuter TOKYO. Mon. Mitsubishi Heavy Industries said It won a 50 billion yen order from Qatar General Petroleum for a gas gathering and compression station to be erected In an offshore gas and oilfield. The station, for delivery In 32 months after the contract. will be linked withReuter - 63 words
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Page 4 Advertisements
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Advertisement491 1976-12-07 4 Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own economies and the role of IMF in frustrating these efforts. A491 words
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INTERNATIONAL COMPANY NEWS
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114 1976-12-07 5 Reuter JOHANNESBURG, Mon. The Anglovaal Group declared the following final and interim dividends for Sriods to Dec 31 and June respectively and all on register Dec 31: Associated Manganese Mines final 90 cents (60), making 120 90) cents for the year. Estimated net profit was 16.18Reuter - 114 words
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Article78 1976-12-07 5 TOKYO, Mon. Pepsico (Japan), a wholly-owned subsidiary of Pepsico Inc of the US said it will set up a sales subsidiary "Kanto Pepsi Cola Sales Co" early next year to start marketing Pepsico products in the Tokyo and Kanagawa Districts. It said the new sales firm will take78 words
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Article20 1976-12-07 5 AMSTERDAM, Mon. Heineken has proposed 1975/ 76 cash dividend of 3.50 guilders (same) on 30 per cent higher capital.20 words
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Article93 1976-12-07 5 MELBOURNE, Mon. Unaudited net profit at ICI Australia rose 23.7 per cent to A 526.4 million from $21.1 million for the year ended Sept 30, 1976. The profit is after extraordinary loss of $400,000 (profit of $660,000). Gross revenue was up 24.4 per cent to $650.7 million from93 words
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Article98 1976-12-07 5 FRANKFURT.' Mon. Poland signed a 500 million mark credit line with a German banking consortium as part of an overall credit package of over 2.5 billion marks for the Katowice coal gasification project, consortium leader Dresdner Bank said. As part of the credit line, Baftk Handlowy Warszawle, the Polish98 words
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Article36 1976-12-07 5 FRANKFURT, Mon. Norges Kommunalbank is raising US$6O million through an 8V» per cent maximum 15-year Eurobond, bond market sources said. Redemption of the bonds, which carry a Norwegian government guarantee, starts after three years.36 words
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Article330 1976-12-07 5 Reuter TOKYO, Mon. Nippon Electric expects to double its' gross sales from an estimated 502 billion yen during the current fiscal year to March 31, 1977, to 1,000 billion yen In the 1980 fiscal, year, executive director Aklra Koike told Reuters. Sales of communication equipment,Reuter - 330 words
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Article89 1976-12-07 5 HONGKONG, Mon. Wing On suffered a 10 per cent decline in the first half-year ended Aug 31,1976 with unaudited consolidated net profit sliding to HK$3.7 million from $4.1 million previously. The company said the fall was due to lower nontrading earnings as department store sales continued89 words
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Article34 1976-12-07 5 SYDNEY. Mon. Timor Oil has suffered an unaudited operating loss of $189,000, up from last time's deficit of $136,000, for the year ended June 30, 1976. Revenue was $46,000 against $27,000 previously.34 words
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Article27 1976-12-07 5 AMSTERDAM, Mon. The 30 million guilder 8% per cent seven year Export Fianclerlngsmlj debenture loan was priced at 100.5 per cent, Amsterdam Rotterdam Bank said.27 words
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460 1976-12-07 5 Reuter VIENNA, Mon. Gross capital uptake on the Austrian market will certainly exceed 40 billion schillings next year after rising to a record 39.9 billion this year from 29 billion in 1975, senior banking sources said. The figure includes public bond issues as wellReuter - 460 words
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Article612 1976-12-07 5 NYT NEW YORK, Mon. mutual fund Industry may have come up with the ultimate weapon In Its battle to keep disenchanted stockholders from cashing In their shares at the high levels of the last 15 months a guarantee that Investors cannot lose money. The guarantee comes inNYT - 612 words
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Article992 1976-12-07 5 RICHARD PHALON - By RICHARD PHALON NYT NEW YORK, Mon. Just two weeks ago Marine Midland Banks held a lunch to Introduce Mr. John R. Petty, its new president, chief operating officer and potential saviour, to the press. It took place around a very long table at the top ofNYT - 992 words
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Article239 1976-12-07 5 FT AMSTERDAM, Mon. Robeco, the Dutch-based international Investment company has received official permission from the Japanese Ministry of Finance to list its shares on the Tokyo Stock Exchange from Dec. 8. It becomes the first Dutch company to be admitted to the Tokyo exchange which hasFT - 239 words
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Article67 1976-12-07 5 SYDNEY, Mon. Bridge OU said It will bid US$l.l5 cash plus one Bridge $1 share for each four 50 cent Project Devlopment Corp (PDC) shares. Bridge said that should the offer be successful the identity of PDC will be maintained and the company will carry on its exictlng67 words
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Article229 1976-12-07 5 FT AMSTERDAM, Mon. Amro-Plerson Fund, the Dutch open ended investment fund, reported In its third quarter review that the depressed state of world stock markets and the relatively high Dutch guilder exchange rate have together forced down the asset value per unit of participationFT - 229 words
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Article165 1976-12-07 5 Reuter MELBOURNE, Mon Australian Consolidated Industries has reported a steep rise in unaudited attributable net profit to A 55.54 million for the first half-year ended Oct 3, 1976 from $0.98 million lyThis Is after including an extraordinary gain of $0.31 million (loss $6.61 million). Revenue came toReuter - 165 words
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114 1976-12-07 5 SYDNEY. Mon. A 20.9 per cent jump in net profit to A 59.83 million from $8.13 million for the year ended Oct 31, 1976, has been reported by Utah Mining Australia. It is paying a final dividend of six cents, making a114 words
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Article591 1976-12-07 5 FRIENDLY AND FOR CASH NYT NEW YORK Mon. Deseret Pharmaceutical, a small concern on the big board In the disposable surgical products field, was a standout In last Tuesday's market, setting a new high of 30Vfc and closing at 30%, up 3%. At Deseret's request, tradingNYT - 591 words
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Article75 1976-12-07 5 LONDON, Mon. Urquljo International has completed arrangements for the offering in the international market of US$25 million of floating rates notes due 1981 guaranteed by Banco Urquljo, Credit Suisse White Weld said. The notes carry interest at point above the average of the London Interbank offered rates of75 words
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Article677 1976-12-07 5 NYT NEW YORK. Mon. A recent offer by Standard Pressed Steel to buy back 750,000 to 900,000 of its shares at a 50 per cent premium over the then-current midNovember market has raised questions about the strategy of pricing tender offers. This compares with Sun's tender offerNYT - 677 words
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Page 5 Advertisements
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Advertisement74 1976-12-07 5 the airborne mower Lightweight easy to handle Cuts even wet grass edges between paving stones around shrubs and trees. Needs no grassbox creates its own mulch to fertilize the ground Electric and Petrol models I coupon tor b> InfanwMon I McAUSTER 4 CO. LTD. Unrtaare Boik*-fl Mvar ValMy «Oafl Smgapora74 words
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Advertisement350 1976-12-07 5 Ice to water in 40 minutes under ordinary glass Ice to water in 1 hour 25 minutes under ordinary glass with Scotchtint Without Scotchtint With Scotchtint Here's your proof: 3 M Scotchtint reduces the sun's heat by more than 75/ We put 3M's Scotchtint Sun Control Film to the test.350 words
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Article1897 1976-12-07 6 SECTION ONE INDUSTRIALS 197$ High Low Company Last Sale ♦crGr'» di» DW c'n Or*! ru Nat P/K Vol COM) Day Hick Low 250 206 100 237 180 402 204 248 460 137 170 172 60 185 66 254 149 172 394 39 Acma Alcom Allied Choc Bata1,897 words
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Article1017 1976-12-07 6 BID and offer prices officially listed and business In and reported to the Btoek Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,017 words
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Article1092 1976-12-07 6 BID and offer prices officially luted and buslneM In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of sharks traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS AJmamaU (1.888). Alma (2.158 2.14 a) (1) 2.14. (2) 2.12. AMI.1,092 words
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Article148 1976-12-07 6 SINGAPORE UNIT TRUST (Mutien 1 prices for Dec 7) INCOME BOND UNIT ICurmt prices) The Commerce l.M 1 78 The Savin* Fund 0 92 0.97 S pore Prof Fund 0 77 0 82 8'pore Security Fund 1.24 1.32 S pore Invest Fund 1.00 1.06 ASIA UNIT TRUST (Mutagen'148 words
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Article37 1976-12-07 6 B O T 8 1/2% IMI (100,000) (102toB 102%5) D B S 8 1/2* IM2 (100,000) (99t08 100*8) DBS Convert* 1/2% IMI (100.000) (9«%.8 97*8) E I B 9% 1982 (100,000) (102 MB 103S)37 words
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Article114 1976-12-07 6 5 1/2% 1/12/77 (1,000.000) (101 MB 101.738) 5 1/2% 15/4/78 (1,000,000) (101.678 101.775) 5 1/4% 15/7/78 (1,000,000) (101.378 101.468) 1/2% 15/8/78 (1,000,000) (1M.478 105.575) 7% 1/7 m (1,000,000) (104.M8 104.908) 5 1/4% 15/10/79 (1,000,000) (1M.708 100 85S) 6 3/4% 15/6/80 (1,000,000) (102.958 103.058) 6 3/4% 1/12/80 (1,000,000)114 words
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Page 6 Advertisements
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Advertisement119 1976-12-07 6 M HOOD START IHKOI with FIOM PUBimiBHS HOmSTUDKS Division WOLSEY HALL COURSES Professional Examination Courses Institute of Administrative Management Institute of Bankers Inst, of Chartered Secretaries and Administrators Institute of Statisticians London Chamber of Commerce and Industry Business studies courses Economics Commerce Administrative Practice Secretarial Company Secretarial Practice General Principles119 words
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Article512 1976-12-07 7 GENERALLY steady condition* prevailed in very quiet trading at the Stock Exchance of Singapore yesterday. Much of the day's activity was still confined to about a dosea of the speculative issues in which the technical position appeared to be well balanced. Brokers and share analysts generally believed512 words
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Article426 1976-12-07 7 SHARES recorded marginal gains In another session of quiet trading on the Kuala Lumpur Stock Echange yesterday. Market observers generally see the small improvement in values, as an extentlon of last Friday's steadier condition. Prices were barely steady initially before edging fractionally higher in the426 words
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Article50 1976-12-07 7 HONGKONG, Mon. Consolidated net profit at Associated Hotels rose to HK525.77 million from $23.21 million for the year ended Sept 30, 1976. The total dividend is maintained at 12 cents with an unchanged final payout of six cents. Books will be closed from Dec 17 to 31 Inclusive.50 words
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Article46 1976-12-07 7 LONDON, Mon. A US$7O million seven-year Eurocurrency facility for three Ecuador state sector entities. guaranteed by the Republic of Ecuador, is being arranged by Wells Fargo, the lead manager, bankers said. The credit commands a spread of 1y» points over London Interbank Eurodollar offered rates.46 words
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OVERSEAS MARKETS
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Article496 1976-12-07 7 TOKYO: The market closed hlghe.- on balance on Monday with prices recovering to more than offset early across-the-board losses on the LiberalDemocratic Party's setback In the general election, dealers said. The Dow Jones average finished 10.31 higher at 4,585.94 with volume 200 million shares. The new indss was iRJI,496 words
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Article401 1976-12-07 7 SYDNEY: The market was mixed to higher on Monday with minings strong, dealers said. The Sydney All-ordinaries rose 5.08 points to close at 417.34. Bougainville rose three cents to Sf2o, BH South 10 cents to $1.35, North Brokea HIU two cents to 81.00 and Hamorsiey 12 cents to <2.80.401 words
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Article404 1976-12-07 7 HONOKONO: The market cloeed easier on Monday on lack of Interest and low turnover and was generally unaffected by news that Wheeiock Marden has set a deadline for an offer for the company, and by the Japanese election results, dealers said. Cheung Kong firmed 15 cents to $5.75 on404 words
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Article91 1976-12-07 7 DEC K Pesos Acoje Mining 0145 unch Alias Con A 29 00 unch Atlas Con B 29 00 unch Bagulo Gold .012 -0.0005 Benguet Con B BF Goodrich CDCP IncoB Lfpanto B 099 ♦0.001 Marlnduque B 7 90 unch Meralco Oriental A 027 -0 003 Oriental B 031 -0.00191 words
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268 1976-12-07 7 Reuter PERTH, Mon. North Kalgurli Mines has begun to operate on a marginally profitable basis and should dramatically improve results in the current year, the chairman, Mr. John Jones, told the annual meeting. "Having virtually eliminated costs associated with the gold mining situation, andReuter - 268 words
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Article128 1976-12-07 7 HK Kowloon Wharf loan Reuter HONGKONG, Mon. The subscription price for bearer warrants Issued in connection with the Hongkong and Kowloon Wharf and Godown HK$2OO million 7* per cent unsecured loan stock 1991 is set at $14.60 per $10 HK Wharf share, Jardlne Fleming said as co-mana-ger for the issue.Reuter - 128 words
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Article30 1976-12-07 7 FRANKFURT, Mon. The National Bank of Hungary is raising a US$l5O million five-year Euromarket credit at lVfc points over London Interbank offered rate, DG Bank said as lead manager.30 words
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983 1976-12-07 7 Reuter NEW YORK, Mon. When Asarco early last week lowered the price It charges (or copper by Ave U8 cents a pound, the move should not nave come as much of a surprise to many close to the Industry. Yet, apparently It did.Reuter - 983 words
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600 1976-12-07 7 NYT NEW YORK, Mon. The credit markets last Friday soared euphorlcally and then sank back down in disappointment as the Federal Reserve drained some reserves from the banking system. It was a hectic performance at the end of another strong advance In fixed incomeNYT - 600 words
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Article63 1976-12-07 7 Reuter LONDON, Moil. Lap Heng said it will not raise its offer of 33p for the 2.68 million ordinary shares of Ingersoll Group. Ingersoll s shares reached 41p at one stage this morning on the London Stock Exchange after an opening 37p on reports Lap Heng intendedReuter - 63 words
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Article949 1976-12-07 7 BRENDON JONES - By BRENDON JONES NYT THE sun seldom sets on the world of international securities trading. Virtually around the clock, in some corner of the globe, a stock exchange is open and the securities of giant multinational corporations are being traded. Among the securities experts who match witsNYT - 949 words
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Page 7 Advertisements
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Advertisement101 1976-12-07 7 CCPHQC a BMGHTHI FUTURE in ACCOUNTANCY with FOULKS LYNCH Enrol now with FEDERAL PUBLICATIONS Home Studies Division for the following FOULKS LYNCH Courses Association of Certified Accountants Institute of Cost and Management Accountants Association of International Accountants Institute of Taxation Institute of Accounting Staff Society of Company and Commercial Accountants101 words
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COMMODITY REPORTS AND PRICES
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Article521 1976-12-07 8 AFTER opening lower following further easiness In London, the market yesterday weakened due to a general lack of buying support. Trading was quiet and turnover was small. Forwards were neglected. The morning session ruled quiet and prices generally fell back with Dec RSS one buyers closing the session521 words
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Article101 1976-12-07 8 DAILY SSR and SMR prices at noon yesterday: Dec. Ju. R.A.S. (Cum mt Mth) (Fee ward Mth) Buyer* Sellen Buyers Sellen (ceoti i P«r kg) (ca ■U per h() SSR 20 (1-ton Pallets) 185.50 187.50N 186.50 188.50N SSR 50 (1-ton Pallets) 183.00 185 OON 184.00 186 00N101 words
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Article118 1976-12-07 8 CHINEBE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PUCES PEB PICUL YESTERDAY. Coconut OU: Bulk ISO sellers, old drum $85 sellers, new drum $90 tellers. Copra: Mixed (loose) UK/Cont. 148 Pepper Muntok AST A white f.o.b. 100* NLW $310 sellers, Sarawak white f.o.b. 98* NLW $2«2* sellers. Sarawak special black118 words
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Article152 1976-12-07 8 THE Straits tin price In Penang yesterday was up $1.37* to $1,251.37 ft per picul on an official offering up 28 tonnes to 240 tonnes. In LONDON yesterday, tin fell by around £77 per tonne for Cash and £63 for Three Months in the standard contract. High grade152 words
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Article29 1976-12-07 8 Closing prices Robber: Dec I Singapore: Dec. 1*4.75 eta. (down 2.2S cU.) Malaysia: Dee. 202.50 cU. (down 0.75ct) Tla: 11,251.374 (up 11.37*) Official offering: 246 tonnes (up 28 tonnes).29 words
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Article187 1976-12-07 8 IN the Singapore gold market yesterday, London delivery gold opened at U*****.70/133.10 and drifted down towards the close at US$l32/132.50. Trading was listless and operators were staying on the sidelines until a clearer trend emerges after the fifth IMF gold auction on Dec 8 1976. Light interest was shown187 words
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Article98 1976-12-07 8 LONDON, Mon. Copper wlrebars gained £2.50 per tonne for cash and £4 for Three Months. Values were marked up at the start of pre-market trading on modest covering induced by the New York trend, easier sterling and higher gold, dealers said. Three Months traded initially at £786 per tonne98 words
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Article54 1976-12-07 8 LONDON, Mon. Lead lost £1.50 per tonne for Cash and £0.50 for Three Months. The market drifted lower under scattered hedge selling in the absence of physical offtake and reflecting the copper trend. Three Months traded from £287.50, down to £285.50 before shortcoverlng mostly recouped losses on the kerb.54 words
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Article53 1976-12-07 8 LONDON, Mon. Zinc rose by mostly £3.50 per tonne. After a slow start prices forged ahead on covering allied to physical activity which found recent hedge selling Interest lacking, dealers said. Three Months traded from £384 to £386 in the ring and up to £388 on the kerb. Sales53 words
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Article64 1976-12-07 8 LONDON, Mon. Silver rose by -4.3 to 4.5 pence per troy ounce. Prices were marked up initially reflecting Friday's New York gains, higher gold and easier sterling dealers said. Thereafter values fluctuated narrowly as modest fresh and chart buying was well met by profit-taking. Three Months finally traded at64 words
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Article133 1976-12-07 8 LONDON, Mon. Terminal opened quietly steady with some trade selling at Friday's lower kerb levels fairly well absorbed. At end call values were £1.60 to £1.10 below Friday's close. Sales totalled 126 lots. In actuals, trade sources said Israel Is due in the market on Wednesday for two cargoes133 words
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Article175 1976-12-07 8 LONDON, Mon. Commls slon house buying particularly in the middle near B)sltlons (Mch, May and y) contributed to opening gains of between £26 to £16 against Friday's close with 237 lots traded. At the end of the opening call Mch had traded within a range of £2,475 to £2,465175 words
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Article123 1976-12-07 8 BANGKOK, Mon. The rice market In Bangkok yesterday, was closed. In HONGKONG yesterday, the market was steady with prices up 20 cents to 70 cents. The day's turnover totalled 391 tons, comprising Thais 118 tons, Kwangtungs 182 tons and Australlas 91 tons. Arrivals were from Kwangtungs 350 tons and123 words
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132 1976-12-07 8 Reuter LONDON, Mon. C. Czarnikow says In Its latest review that It could not be expected that the F.O. Llcht revised estimate of world sugar movement In the three years up to Auguest 1976 published last week would have much effect on theReuter - 132 words
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Article49 1976-12-07 8 LONDON, Mon. Stocks in London Metal Exchange official warehouses at the end of last week: (all In tonnes except silver) Copper rose 1,400 to R9S Tin fell 290 to 6,090 Lead rose 1,400 to 68,850 Zinc fell 2,750 to 102,700 Silver fell 150,000 to 29,030,000 troy ounces.49 words
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657 1976-12-07 8 NYT NEW YORK. Mon. Cocoa futures, whose record prices have been alarming many traders recently, declined a little most of last week and then Jumped the dally limit again on Friday. This resulted In a closing Erice for March cocoa on the fewNYT - 657 words
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Article105 1976-12-07 8 Reuter WASHINGTON, Mon. Production of palm oil In Peninsula Malaysia in 1977 is forecast at 1.60 million tonnes compared with an estimated 1976 output of 1.29 million tonnes and 1.13 million in 1975; according to a US Agriculture Department dispatch from Kuala Lumpur. Exports of palmReuter - 105 words
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253 1976-12-07 8 AP ST. JOHN'S, Canada, Mon. The world's biggest restoration and protection job begins for Canada on new year's day with extension of the 12-mile fishing limit to 200 miles. The United States will put a 200- mile zone Into effect on March 1, and hardAP - 253 words
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MONEY AND EXCHANGES
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Article589 1976-12-07 8 THE yen went through a period of erratic movement in the Singapore foreign exchange market yesterday following news that the Japanese ruling Liberal Democratic Party may lose its majority in the Lower House of Parliament. With initial selling of the yen in early hours of trading, the US dollar589 words
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Article163 1976-12-07 8 Asian rates ASIAN currency deposit interbank r&U* u at clow or i DM. 6. US Mian i(8pa»> Tdajr* 4 1/4 4 V> 1 mih 4 13/16 4 11/16 ImtlM 5 4 7/6 JmUu 5 1/16 4 IS/16 6 mttu S 1/16 3 1/16 mthf S 7/16 5 5/16 11 mttu163 words
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Article47 1976-12-07 8 RANGE Of prtcw offered by dla count houaea on Dec 6 Overnight 11/ltoM Call depoatt .3% CM J-Month Bayiaf TreasurerM 1U 11/1 a J-Month Ban lu bills 4 1/1* 11&/U J- Month CD 4 1/t 4 6-Month CD 4 in 41/8 Source: National Discount Co.47 words
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Article56 1976-12-07 8 Minimum lending rates (in ACBC .6% First Chicago Algemene Bank 6* Citibank 6*. Bangkok Bank .7* HSBC ...7 Bank of America e\ Indosuez Bank of China .7* Malayan Banking Bank of Tokyo Mitsui Bank e*. Bank Negara OCBC Indonesia T* OUB 6V« Chartered Bank 6V. UCB ...7 Chase Manhattan 6%56 words
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Article296 1976-12-07 8 LONDON Mon. Sterling moved slightly lower in moderate two-way trading to around the US$l.66 level, 0.30 cents down on Its Friday close, dealers said. The yen was indicated at an early 296.15/25 to the dollar, a little down on its close in Tokyo, where the Bank of Japan supported296 words
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Article150 1976-12-07 8 HONGKONG, Mon. The US dollar's weakness against the Hongkong, dollar continued very quiet and thin afternoon trading which saw the US unit close at HK54.7550/80 HK dlrs from Friday's late 4.7750/80, dealers said. Against European currencies, the US unit was slightly weaker following Friday's US unemployment and wholesale price150 words
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Article141 1976-12-07 8 TOKYO, Mon. The Bank of Japan Is now estimated to have sold US$l7O million during morning hours at 297.80, to support the yen against the Impact of a setback for the ruling Liberal Democratic Party in Sunday's general election, dealers said. As a result of the intervention, the US141 words
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Article147 1976-12-07 8 Euro rates LONDON, Mon. Dealers reported an offered tendency in early Eurodollar deposit trading, continuing the recent trend, though losses were mainly confined to the offered side. Early trading was very modest, incorporating the usual early Hongkong and Singapore interest, but US interest rate factors continue to overshadow the market.147 words
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Article50 1976-12-07 8 AUSTRALIA/NZ exchanges quoted on Dec 6: Australia: Sterling 0.6112/0.6041 US dollar 1.0129/1.0081 Ninety day air mall buying rates: Sterling 0.6414 US dollars 1.0369 Ninety day forward buying rates: Sterling 0.6294 US dollars 1.0147 New Zealand: Sterling 0.5445/0.5416 US dollar 0.9107/0.9007 Ninety day forward rate: Sterling 0.5861, US dollar 0.9277.50 words
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Article32 1976-12-07 8 FRANKFURT exchanges opening quotes on Dec. 6. US 2.4045/60 Can 2.3425/45 UK 3.982/997 Neth 95.80/95 Swltz 98.00/15 Italy 2.775/790 France 48.05/20 Norw 45.87/94 Belg Con 6.540/555 Belg Fin 6.550/560 Japan 0.8105/2032 words
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Article314 1976-12-07 8 LONDON, Mon. Eurobonds traded mostly steady to slightly higher in quiet to moderate turnover, dealers said. US bonds were higher by around K point in generally quiet trading, and dealers attributed the rises to possible short covering. Among recent issues, International Utilities Overseas Finance NVS3O million 9 per314 words
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Advertisement160 1976-12-07 8 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)160 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration682 1976-12-07 9 GILBERT SEDBON - By GILBERT SEDBON Reuter TOUGH demands by American aircraft builders McDonnell-Douglas are jeopardising French hopes for Franco-American cooperation in the aerospace industry. The French were hoping to establish a bridgehead in the lucrative United States market by collaborating withReuter - 682 words
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241 1976-12-07 9 NYT JERUSALEM. Mon. El Al. the Israeli national airline, will begin low-budget charter flights from the east coast of the United States to Jerusalem starting next September. A spokesman for the airline confirmed reports on Friday that El, which hasNYT - 241 words
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Article, Illustration476 1976-12-07 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Adrastus (1500 after Tal Chin) (Will haul to Gdn. 33/34 for D/L on Bth) 31/32 Gabriele Kobel (H3BB) (after Centaur) 46 Keningau (1500 shifts) (Agent's Request) (After Rio De Janeiro Maru) 27/28. King Pearl (0600) 24 Lexa Maersk (1000 after Hoegh Elite Emma476 words
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688 1976-12-07 9 RALPH BLUMENTHAL - By RALPH BLUMENTHAL NYT THE US major airlines will end 1976 with considerably higher earnings than projected earlier this year. In a striking turnaround from last year's combined loss of US$lO6 million, industry officials and analysts are looking for profits totaling US$3OONYT - 688 words
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534 1976-12-07 9 STEPHEN AUG - By STEPHEN AUG NYT THE Justice Department has demanded that the chairman of the Federal Maritime Commission step down from consideration of a key case in which the agency is trying to cut down on price wars involving Soviet shipping on the Atlantic.NYT - 534 words
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Article533 1976-12-07 9 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKG/KUL TMA TL303B 0215 BEY/DXB/ BOM/KUL JAL JL712 1000 HLP SIA SQ211 1010 HLP OIA GA980 1030 HLP GIA GAMS 1100 MES CALTEXPKCFD 1130 PKU SAS SK971 1130 CPH/BKK SIA SQ201. 1200 HLP SIA SQ240 1205 MES533 words
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185 1976-12-07 9 AP TEL AVIV, Mon. Overriding protects from its national airliner, the Israeli Government is allowing increasing numbers of charter flights to land here, bringing .badly needed tourist dollars to Israel. In the past year, during which charter flights made their major breakthrough intoAP - 185 words
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Page 9 Advertisements
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Advertisement191 1976-12-07 9 r MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE Hk ASIA RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments that hove taken place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin191 words
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Article, Illustration1552 1976-12-07 10 NEW YORK TIMES CORRESPONDENT DREW MIDDLETON RECENTLY RETURNED FROM A VISIT TO CHINA. AMONG OTHER THINGS HE TELLS HOW THE CHINESE LIVE AND TALKS ABOUT THE PROGRESS OF THIS VAST SOCIETY NYT THE teeming roads of China perhaps provide a visitor with what mayNYT - 1,552 words
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Article, Illustration1025 1976-12-07 10 LONDON, Monday Reuter BRITAIN today mourned one of its K re a test composers this century, Benjamin Britten, who died on Saturday morning after a ions heart ailment. He was 63. 11l since J973 when he underwent aReuter - 1,025 words
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Page 10 Advertisements
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Advertisement418 1976-12-07 10 'v. < 4 w f -V *>• He is lie new diM hi a new age. He needs the eiKydapaediafor today. Britannica 3. CM The Child of today is more involved. More aware. And must learn 50% 98S more than a child 20 years ago. That's precisely why yesterday's reference418 words
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Article, Illustration365 1976-12-07 11 Reuter LOS ANGELES, Mon. Lockheed Aircraft Corporation chairman Robert Haack, believes that all the major relations spread bribery scandals are over. In a weekend Interview, Mr. Haack told a (roup of foreign Journalists: "My best hunch is that the worst is over,Reuter - 365 words
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Article186 1976-12-07 11 Reuter JAKARTA, Mon. The deputy chief of the Indonesian National Intelligence Agency, Lieutenant General All Murtopo, was today quoted as saying that the French oil company, Total, planned to become the second biggest oil producer in Indonesia. The semi-official newspaper Suara Karya quoted General Murtopo asReuter - 186 words
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233 1976-12-07 11 MICRO-COMPUTERS are a natural development within the computer Industry. With the invention of the MOS/LSI, said Mr. Holon Wong, managing director of Da tap rep, it is now possible to contain tens of thousands of transistors in one tiny chip, 6.35 mm square.233 words
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Article83 1976-12-07 11 Reuter FRANKFURT, Mon. The West German balance of payments current account showed a provisional surplus of 1.64 billion marks in October after September's upward revised 2.37 billion surplus and the surplus of 10 million marks in October 1975, the Bundesbank said. The October overall balance ofReuter - 83 words
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Article42 1976-12-07 11 Reuter GENEVA, Mon. Swiss voters yesterday rejected cutting their work week to 40 hours. In a national referendum, they also voted to retain the government price control office and to extend government powers to limit credit growth. ReuterReuter - 42 words
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Article92 1976-12-07 11 AP GEORGETOWN (Guyana), Mon. A seven-man Japanese economic survey mission has expressed hope that their two-day visit here will result n more economic and technical co-operation between Japan and Guyana. The leader of the mission, Mr. Saburo Aoki, senior executive managing director of Mitsui, told reportersAP - 92 words
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Article49 1976-12-07 11 UPI CAIRO, Mon. The American Gulf and the Italian state-owned ENI companies have signed two contracts with the Egyptian Government to search for oil in the Egyptiancontrolled section of the Sinai Peninsula east of the Suez Canal, the newspaper Al Akhbar said in today's editions. UPI.UPI - 49 words
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423 1976-12-07 11 Reuter PARIS, Mon. Months of simmering political rivalry between President Valery Giscard d>'Estalng and former Premier Jacques Chirac burst into the open after yesterday's overhaul of Prance's Oaulllst party. Mr Chirac, 44, whipped the old Oaulllst UDR party into a new fightingReuter - 423 words
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Article455 1976-12-07 11 KUALA LUMPUR, Mon. Russian shippers gave an assurance to the Freight Committee of the Rubber Industry of Malaysia (FCRIM) that they would not Join the Far Eastern Freight Conference (FEFC). "However, we will not engage in conflict with the FEFC or any country who455 words
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Article, Illustration73 1976-12-07 11 NIIGATA, Mon. Supporters of former Prime Minister Kakuei Tanaka, under indictment on a charge of receiving a US$l.67 million (552.77 million) Lockheed bribe, shout "Banzai" (Cheers), when news that Tanaka's re-election had become certain reached his campaign office in his native province of Niigata late yesterday. TanakaUPI Radio Photo. - 73 words
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178 1976-12-07 11 THE lending activities of finance companies In Singapore seem headed for a slowdown again, if the latest data released by the Statistics Department are anything to go by. Total loans and advances by finance companies In October/September increased by only $8.1 million to reach178 words
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Article31 1976-12-07 11 UPI MANILA, Mon. Tropical storm Nora cut across the main Philippine island of Luzon today, spawning heavy rains and destructive floods in wide agricultural areas of the country. _"uPI.UPI - 31 words
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1006 1976-12-07 11 LIKE it or not, those endless lists ofsilent numbers collected so lovingly by economists really do affect you Ersonally. Prime Minister Lee tan Yew will use the expected growth rates of the industrialised world to deckle Singapore's tax, monetary and investment policies. Mr. JimmyNYT - 1,006 words
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Article113 1976-12-07 11 Reuter MANILA, Mon. President Marcos has ordered cuts in duty on 46 Items, mainly raw materials for Industry, some foodstuff and sports gear. At the same time, he ordered an Increase In duty on nylon yarn from 30 to 50 per cent except whereReuter - 113 words
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Article28 1976-12-07 11 UPI DBCCA, Mon. Ministerial level talks between India and Bangladesh on the Farakka Barrage dispute on the sharing of Ganges' water began here today.UPI - 28 words
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445 1976-12-07 11 KUALA LUMPUR, Mon. Four panels have been set 7 by the Asean Chambers Commerce and Industry to study Issues relating to the extension of preferential trade arrangements among the five member countries, to promote greater trade within the region. As of now only a small445 words
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Article43 1976-12-07 11 Reuter CANBERRA, Mon. Defence Minister Jim Killen announced today that two overseas armament manufacturers have been invited to tender for the supply of new close-range general purpose guns for fitting on board new construction vessels for the Royal Australian Navy. Reuter.Reuter - 43 words
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Page 11 Advertisements
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Advertisement335 1976-12-07 11 APPOINTMENTS A ASIA PACIFIC SHIPYARD PTE. LTD. MEMIIR OF A CROUP Of COMPANIES IN THE MARINE INDUSTRY INVITES applicant for the post of PROJECT MANAGER Applicont should possess: rccognised University Degree or Professional qualification in Naval Architectual, Mechanical electrical or other reloted qualifications connected with shipbuilding. —Minimum three years working335 words
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Advertisement298 1976-12-07 11 ARE YOl' SfAS ESGI'GH TO Bl'Y her world F.E.ZUELLIG (TRADING) PTE LTD Require a MANAGER TOOLS DEPARTMENT We require:— A Singapore citizen with an engineering background, age between 30 and 40 years. Several years of experience in sales, marketing and administration dealing with power tools, hand tools cutting tools etc298 words
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Advertisement204 1976-12-07 11 METALS ORES PTE. LIMITED Jurong member of the UNION CARBIDE SINGAPORE GROUP OF COMPANIES invites applications from Singapore Citiz* for the position of The successful candidate will possess tertiary qualifications and preferably at least two years industrial relations experience, including collective bargaining, wage/salary administration and other related areas. A good204 words
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325 1976-12-07 12 KUALA LUMPUR, Mon Foreign ownership of share capital in Malaysia's corporate sector dropped by eight Cr cent between 1970 and it year. Minister without Portfolio in the Prime Minister's Department, Tan Sri Chong Hon Nyan said it was however entirely feasible to increase both325 words
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Article164 1976-12-07 12 KUALA LUMPUR, Mon If there Is a request from Petronas, the United Nations committee for co-ordi-nation of Joint prospecting of mineral resources in Asian offshore areas (C--COP) will offer technical assistance to help develop her petroleum Industry. This assurance was given by Dr. Li164 words
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Article141 1976-12-07 12 KUALA LUMPUR, Mon The liquefied natural gas project In Blntulu, Sarawak, involves the building of a plant to liquefy nonassociated gas from the central Luconla province in the seabed near the state. The natural gas will be sold to Japan in specially built141 words
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Article75 1976-12-07 12 KUALA LUMPUR, Mon. The Government hopes to keep the rate of growth in the general price level to an annual average of about five per cent over the next five years. Labour and Manpower Minister, Datuk Lee San Choon said this when ad- dressing executives from international75 words
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Article700 1976-12-07 12 LONDON, Mon. The stock market closed firm In response to small demand, and at 3 p.m. trie financial Times index was up four points at 309.3. Government bonds were prominent, gaining up to 5/8 point with sentiment helped by news that the government broker's supplies of the long700 words
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180 1976-12-07 12 KUALA LUMPUR, Mm. Finance Minister Tengku Rmbiih Hamuli hoped British bankers would net impose "stringent terms" •n Malaysians for their credit facilities rmtrr their export credit guarantee department srhsn>e. In the interest of both Malaysia and Groat Britain, it would be heat if their180 words
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162 1976-12-07 12 KUALA LUMPUR, Mon. Deputy Finance Minister Mr. Richard Ho today assured investors that the Oovernment will soon modify legislation governing foreign Investments to remove doubts about them. Speaking at a round-table conference attended by executives of International corporations, he said, "Let me divest you of162 words
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Article90 1976-12-07 12 DEUTZ Far East, a German industrial company established in Singapore six years ago, has received a $2 million order to supply 12cyllnder engines (58A12M528) to a major shipyard in Japan. The engines are to be installed in two tugboats which are being built for international90 words
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Article109 1976-12-07 12 A $759,242 SUIT was filed In the High Court yesterday by United Malayan Banking. The suit against Koh Yok Soon, trading as Jacob <i Co and two others, was allegedly for money due and owing to the bank. Other suits filed Include the following by Chua109 words
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502 1976-12-07 12 Reuter TOKYO, Mon. Japan's ruling Liberal Democratic Party, discredited by the Lockheed scandal and weakened by factional feuds, today lost its 21-year-old majority In the Diet (Parliament).. The defeat marked a turning point In Japanese politics and could pave the way for eventual coalitionReuter - 502 words
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514 1976-12-07 12 KUALA LUMPUR, Mon. The Prime Ministers of Singapore and Malaysia held "free ranging" discussions here today reviewing regional and international developments and their Impact on Asean and their own countries. Mr. Lee Kuan Yew and Datuk Hussein Onn touched on the latest situation514 words
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Article101 1976-12-07 12 NTUC Welcome supermarkets have succeeded In bringing down the prices of necessities and stabilising prices In general by concentrating their low-profit operations In centres of high population densities. Officiating at the consumer co-operative's third annual general meeting yesterday, Mr Lim Kim San. Minister for National Development and101 words
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Article56 1976-12-07 12 KODAK'S new campaign song "Times of your life" has beaten 17 other finalists to win the Clio Award this year for best music with lyrics. The campaign was produced by J. Walter Thomson and the song was composed by Roger Nichols. The Clio Award Is the56 words
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Article41 1976-12-07 12 THE Rubber Committee of the Par Eastern Freight Conference (FEFC) will meet the Rubber Association of Singapore today, to advise them formally on the progress of Its negotiations with the Freight Committee of the Rubber Industry of Malaysia (FCRIM).41 words
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310 1976-12-07 12 UPI BEIRUT, Mon. "Moderation will prevail at the Organisation of Petroleum Exporting Countries price fixing meeting next week, with a "maximum" price hike of 10 percent, the Middle East Economic Survey said today. The authoritative oil weekly said the Opec oil, ministers were revisingUPI - 310 words
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238 1976-12-07 12 INITIAL reaction from motorists using the self-ser-vice station at Jalan Buklt Merah have been described by Shell executives monitoring its operations as being above average. Since It opened for business on Dec 1, the station has been selling petrol at the rate of 4,400238 words
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326 1976-12-07 12 IN Singapore, plana for protection scheme for a mall depoaitora are believed to have been shelved after oeparate diacuaaiona between the* Monetary Authority of Singapore (MAS) and the coundla of the Association of Banka and the Finance Hoiue Asaociation. The MAS considsred anch a acheme shortly326 words
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278 1976-12-07 12 INDIAN manufacturers, mainly of engineering products, met U8 West Coast buyers in Los Angeles In October and came away with orders worth U897.57 (8116.2 million) as well as enquiries for another US$2l million. The meeting was arranged by India s Trade Development Programme278 words
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288 1976-12-07 12 TWO action committees on* dealing with agricultural finance and the other with hanking education have been established by the Asean Banking Council which held its first meeting In Bangkok last weekend. At the meeting, four vicechairmen were elected: Mr. R.A.B. Mastic of Indonesia,288 words
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Article132 1976-12-07 12 AP TOKYO, Mon. Representatives of the International Monetary Fund (IMF) have suggested that Japan stimulate the domestic economy and refrain from excessively relying on exports in order to help the world recover from current stagnation, a Finance Ministry spokesman said today. The IMF representatives were In TokyoAP - 132 words
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Article89 1976-12-07 12 MANAGERS will be shown how to handle the main Kblems they encounter In ilr work In a course organised by the National Productivity Board scheduled from Jan 10 to 21. The course "Management Problems Case Studies" alms at helping them identify, analyse and propose solutions to problems. It89 words
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Advertisement584 1976-12-07 12 u 2 Courses organised by Ml SINGAPORE INSTITUTE OF MANAGEMENT PRACTICAL COST AND MANAGEMENT ACCOUNTING (A Certificate Couru) BY MR. M. GURUNATHAN, B. Com., M. Com., (Hons)., Dip. Ac., AASA (Senior) ON: January 4 March 9, 1977 (Tuesdays Wednesdays) FEE: $625/- for members and $650/- for non-members INCOME TAX LAW584 words
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