The Business Times, 10 December 1976
1976-12-10
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The Business Times
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Title Section10 1976-12-10 1 BUSINESS TIMES M.C.(P) 1455/76 FRIDAY. DECEMBER 10. 197« 50 CENTS10 words
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NEWS IN BRIEF
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Article95 1976-12-10 1 AP TEHRAN, Thurs. A former Deputy Minister of Trade was arrested today on charges of embezzling US$43 million (SIIOS million), the Government announced. Mr. Hussein Allzadeh was accused of purchasing 23 shiploads of sugar at higher than market prices from a British company, Tate and LyleAP - 95 words
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Article53 1976-12-10 1 Reuter BETONG, Thurs. Communist guerrillas have killed two Thai border patrol policemen and wounded six others In a clash north of here, police said today. The guerrillas also suffered several casualties in the two-hour battle between two police units and a group of about 100 armed guerrillas yesterday,Reuter - 53 words
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Article48 1976-12-10 1 Reuter BRUSSELS, Thurs. US President-elect Jimmy Carter today reaffirmed the American commitment to the 15-natlon Nato defence alliance. "The American commitment to maintaining the Nato alliance shall be sustained and strengthened under my administration," he said in a message to Nato foreign ministers meeting here.Reuter - 48 words
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Article49 1976-12-10 1 Reuter BANGKOK, Thurs. The Thai Cabinet has decided to award an offshore tin-mining concession to Bllllton (Thailand), a subsidiary of the Anglo-Dutch Shell Oil Company, press reports said today. Government spokesmen said they could not confirm the reports, and company officials were not Immediately available. ReuterReuter - 49 words
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Article53 1976-12-10 1 UPI LONDON, Thurs Britain's Rhodesia conference chairman Ivor Richard will fly back to London this evening to see US Secretary of State Henry Kissinger tomorrow, the Foreign Office said. He already has made three previous short trips back "for consultation" the latest of them earlierUPI - 53 words
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Article42 1976-12-10 1 Reuter PARIS, Thurs. There are unlikely to be any share quotations on the Paris Bourse today due to a 24-hour strike by exchange staff to back up demands for better job security and early retirement, banking sources said. Reuter.Reuter - 42 words
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Article45 1976-12-10 1 Reuter ALGIERS, Thurs Algeria 1s to help Bangladesh determine the extent of Its natural gas reserves under an agreement signed here yesterday, the official news agency APS reported. Algeria will also provide advice on how to liquefy the gas for export. ReuterReuter - 45 words
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Article44 1976-12-10 1 UPI NEW YORK, Thurs. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 968.42, up 5.16; 20 transp 231.37, up 0.58; 15 utlls 105.09, down 0.07; 65 stocks 315.06, up 1.14. UPI.UPI - 44 words
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Chief price change
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Article, Illustration170 1976-12-10 1 THE Stock Exchange of Singapore ended lower yesterday after a firm opening. The closing tone wu barely steady after (hares were subjected to intermittent profit-taking. Losses were, however, fractional and the Business limes index shed 0.73 point to 249.59 while the Straits Times Industrial average was 0.37170 words
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Article107 1976-12-10 1 Rites Most octivs E. Asiatic 11 .SO +.10 Haw Par 196.000 Patallng $2.50 .06 Central Sugars 66,099 Supreme Corp $1.35 .07 Slme Darby 60,699 Int. Wood $0.62 +.06 D.O.B 91.000 Malaya wata nITt. Boustead $1.94 S3.16 $3 44 .96 .06 .04 Total Turnover: 0.02 >1 Total Value:107 words
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Article1293 1976-12-10 1 QUEK PECK LIM - FOR THE EX-CHAIRMAN OF SIME: •y QUEK PECK LIM MR JAMEB Byw&ter stepped down last night from hli position ss chairman of Blme Darby Holdings, signalling an end to the board's fight with major Malaysian shareholders. In yet another surprise development, the 81me side and1,293 words
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Article690 1976-12-10 1 GOLD on offer at the fifth International Monetary Fund auction on Wednesday was more than fire times oversubscribed and realised a common price of U***** (appro*. 8*336) an ounce comfortably above the $190 to $135 range generally expected. Tills continues the trend set at the October690 words
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315 1976-12-10 1 WITH the Lebanese civil war now apparently over, Singapore banks are poised to resume Asian dollar dealings with Beirut In the next few months. Dealings with Beirut came virtually to a standstill after the 19-month war broke out last year. But the315 words
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Article315 1976-12-10 1 Reuter CANBERRA, Thurs. Australian Prime Minister Malcolm Fraser pledged today that hie Government would continue to battle to lower Inflation but admitted It would be a long haul because of devaluation. "The orerriddlng enemy of the Australian economy Is inflation," said in an interview with Reuter, theReuter - 315 words
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Article118 1976-12-10 1 Reuter SYDNEY, Than. The Auatralia-Slngapore and West Malaysia sad AustraBa4ai—esia outward ahippiac ooaforeacea said (Wr freight rates will rise par owt on Jaa 1. The coaforenooe eaid they agrssd with the Aastraliaa Shippers Council that the rise will, however, he Halted te a maximum ASSReuter - 118 words
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Article89 1976-12-10 1 THE Registrar of Vehicle* has announced that ear registration numbers from EPI to EF 3MS may he bM for by the public from Dec. 1« 23. These interested should note that thooe numbers can oaly be used for first refistratioa of new cars in the nsmos89 words
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Article79 1976-12-10 1 AP PERTH, Thurs. A new Af6s# million (SII.M billion) aluminum refinery is to be eetnblished in the eouth-west ef the State of West Australia, premier Bir Charles Court aanouaced today. The reflaaey io to soMm by a consortium which includes Alcoa of Anstrnlia (Went Australia) LimitedAP - 79 words
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408 1976-12-10 1 COMPANY law reform can be expected in Singapore next year to deal with situations such as the misuse of corporate funds, according to a legal expert. While accepting, perhaps, the need for this tightening up of existing provisions however, lawyer Mr. Wong Meng408 words
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Article165 1976-12-10 1 Reuter ROME, Thura. Italy has repaid a US$4B6 million (811.10 billion) loan from Britain two days ahead of schedule, banking sources said today. Britain requested Italy to settle the loan, granted in March 1974, because of its own straitened circumstances. It asked for repayment by today, whenReuter - 165 words
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Page 1 Advertisements
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Advertisement4 1976-12-10 1 Get advanced copying technology. @,??~!(~*~-+][&/^,:*.')!"<:%-`]4 words
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Advertisement110 1976-12-10 1 Get around foirujoy problems wftfitfie PGflPor-Ex The set with the#wood The PGA Par-Ex Golf Clubs J pri The PGA Par-Ex Golf Clubs J present a breakthrough in golf club design. Take the Par-Ex 7-wood for example. We increased the loft and shaft of this well-constructed club to help you get110 words
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Advertisement82 1976-12-10 1 GO WITH ST SINTAT DIPLOMACY W BA Ul i f Providing full merchant banking services throughout South East Asia. A merchant bank owned by The Chartered Bank, a member of the Standard Chartered Bank Group, and Arbuthnot Latham Co., limited, a member of the Accepting Houses Committee in the Qty82 words
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OVERSEAS
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Article182 1976-12-10 2 AP TOKYO, Thurs. Japan's seven largest ports will begin Imposing entry fees on all ships of 700 gross tonnes or more from Jan 1, the Transportation Ministry said today. A ministry spokesman said authorities In the ports of Tokyo, Kawasaki, Yokohama, Nagoya, Osaka, Kobe andAP - 182 words
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Article119 1976-12-10 2 UPI TOKYO, Thurs. A group of 23 Japanese commercial banks have agreed to extend a US$75 million (SslB3 million) syndicated loan to Argentina's Central Bank, the Kyodo News Service said yesterday. Kyodo said the loan to Banco Central de la Republic Argentina Is to be repaidUPI - 119 words
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343 1976-12-10 2 Reuter BEIRUT, Thurs. Lebanon's business community .is discussing floating an international loan to help finance postwar reconstruction, Chamber of Commerce and Industry president Adnan Kassar told Reuter. He said details of the loan would have to await formation of a government under President Ellas Sarkls,Reuter - 343 words
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131 1976-12-10 2 UPI SEOUL, Thurs. Japan and South Korea opened an eight-day meeting today to discuss Korea's request for Japanese financial cooperation In its fourth fiveyear economic development programme to be launched next year. Delegates from both sides, comprising private businessmen and government officials, wereUPI - 131 words
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221 1976-12-10 2 Reuter MEXICO CITY Thurs. A campaign by land-hungry peasants for the breaking up of Mexico's big estates lost momentum today as people blocking estate roads dispersed in the face of troops. In the capital, 2,000 leftwing peasants ended their 36-hour occupation of the ArabianReuter - 221 words
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Article108 1976-12-10 2 Reuter LONDON, Thura. Imported cart took 37.5 per cent of the domestic market in the first 11 montha of 1975, against 34.6 per cent for same period last year, provisional figures from the Society of Motor Manufacturers and Traders show. ToVri sales for the period wore sevenReuter - 108 words
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213 1976-12-10 2 TOKYO, Thurs. The next round of Japan-US fishery talks will produce an agreement that will probably allow the Japanese to haul 900,000 tonnes of pollack from within 320 km of US coasts, the Nlhon Keisai Shlmbun reported today. The economic dally, quoting government sources,213 words
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100 1976-12-10 2 Reuter NEW DELHI. Thurs. An International Chamber of Commerce (ICC) seminar on global economic relationships ended here yesterday with a call for an improved dialogue between governments and business. "While certain views on the ways to achieve development may seem irreconcillable, the ICCReuter - 100 words
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502 1976-12-10 2 AP CAIRO, Thurs. The United States has increased Its trade volume with Egypt more than 10 times since 1968, emerging as one of this key Arab country's main trading partners. "Our volume of trade Increased from U5554.7 million (Ssl34 million) in 1968 toAP - 502 words
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162 1976-12-10 2 AP LONDON, Thurs. 81x Scottish Conservative Party members quit their "Shadow Cabinet" posts in Parliament yesterday In a row over the Home Rule for Scotland bill, but four of them later withdrew the resignations ait the request of the opposition party leaderAP - 162 words
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Article68 1976-12-10 2 Reuter BRUSSELS. Thurs. The EEC welcomed proposals for a common oil policy by five European oil companies and promised to study their other suggestions, according to a Commission statement. In a letter to the five companles, EEC energy commissioner Henri Simonet said the companies' problemsReuter - 68 words
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399 1976-12-10 2 UPI BEIRUT When Mr. Elias Sarkls, Lebanon's moderate Christian President, was inaugurated In September, the first man he called for advice was a Muslim fellow banker Sellm al Hoss. Yesterday Mr. Sarkls selected Mr. Hoss, 40, to be Prime Minister of the warravaged country's firstUPI - 399 words
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377 1976-12-10 2 Reuter LONDON, Thurs. Britain's Labour Cabinet today agreed on an austerity programme designed to meet conditions for a US$3.9 billion (559.5 billion) international loan, Informed sources said. The Chancellor of the Exchequer, Mr. Denis Healey, plans to announce the measures in ParliamentReuter - 377 words
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292 1976-12-10 2 Reuter TOKYO, Thurs Japan and the US will have to make "very serious efforts" to avoid a conflict over trade relations next year, chief Foreign Ministry spokesman Kensuke Yanaglya said today. Mr. Yanaglya told a foreign press briefing Japan's 1976 trade surplus withReuter - 292 words
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201 1976-12-10 2 AP SAN FRANCISCO, Thurs. A San Francisco television dealer filed an antitrust suit in Federal Court yesterday accusing Sony Corp. of America and R.H. Macv and Co., a major retailer, of conspiracy to restrain trade by fixing prices. Carr Electronics Corp., alleged that theAP - 201 words
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126 1976-12-10 2 Reuter CANBERRA, Thurs. The devaluation of the Australian dollar had been widely recognised abroad as an appropriate decision and one which would dispel uncertainty, Australian Treasurer Phillip Lynch said. Australian's executive director at the International Monetary Fund had reported that the IMF executive board had appreciatedReuter - 126 words
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Article140 1976-12-10 2 Reuter PARIS, Thurs. The cut In the value added tax (VAT) rate to 17.6 per cent from 20 per cent will cost the French Government about eight billion francs (SS4 billion) In lost revenue. Deputy Finance Minister Michel Durafour said. The Cabinet today for- mally approvedReuter - 140 words
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141 1976-12-10 3 Reuter LONDON, Thurs. The International Tin Council (ITC) has so far failed to reach agreement on new price levels for buffer stock operations, delegate sources said. As a result, the scheduled three day meeting due to have ended yesterday was extended to continueReuter - 141 words
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Article105 1976-12-10 3 Reuter LONDON, Thurs. British miners have started voting In a ballot asking them to support their national executive committee In a claim for early retirement. The ballot asks miners to authorise the executive to call for industrial action if the claim, which the National Coal Board hasReuter - 105 words
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Article70 1976-12-10 3 Reuter LONDON, Thurs Losses suffered from breaches of British exchange controls are an insignificant proportion of total annual transactions of about £80 billion on current account, a British Parliamentary committee report on the Bank of England said. The report, part of a regular series undertaken In Parliament onReuter - 70 words
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Article25 1976-12-10 3 UPI DACCA, Thurs. The United States will provide Bangladesh with a U555.25 million (5112.88 million) loan under an agreement signed yesterday. UP I.UPI - 25 words
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Article, Illustration1361 1976-12-10 3 THEY EARN UP TO $360,000 A YEAR TEHRAN, Thursday AP THE Shah of Iran disclosed yesterday, that Iran is being charged up to U*****,000 (*****,000) a year by US companies for Individual American civilians employed under contract In Iranian ruler alsoAP - 1,361 words
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Article393 1976-12-10 3 VIENNA, Thursday AP THE target UBsl billion (852.4 billion) for the establishment of the International Fund for Agricultural Development (IFAD), Jointly operated by Western industrialised and oil exporting countries, has been reached, a spokesman said here yesterday. Mr Hamid Zaherl, chief of Information at headquartersAP - 393 words
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105 1976-12-10 3 Reuter AMMAN, Thurs. Saudi Arabia banned foreigners from owning commercial firms and other businesses In its territory, Riyadh radio reported. Quoting a circular by the Interior Minister, Prince Nayef Ibn Abdul Aziz,lt said the ban applies from Dec 22. The circular said those whoReuter - 105 words
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690 1976-12-10 3 NAIROBI. Thurs. AP POLITICAL turmoil, slow recovery from the recession among industrialised nations and growing international debts which ate into meagre foreign exchange earnings have all conspired against Africa's already weak economies this year. At a time when the spiralling costs of oilAP - 690 words
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Article124 1976-12-10 3 Reuter WASHINGTON, Thurs. Tram* World Airlines has no interest in buying the Concorde and does not expect en advanced super sonic pao•onger jot for another decade me mere, TWA chairman Charles Tillingha»t said. Mr Tillinghast told the National Preee Clnh TWA three Concorde*Reuter - 124 words
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377 1976-12-10 3 LIBYA'S celebrated purekNif nearly li per ont of Plat, Italy'* hoc* ear manuhctaitr mml the country's ployor ooatiatMS to iimm considerable controversy over the political implication. of foreign participation. The controversy began immediately, the evening Um deal was aanouacod, with politicians and trade377 words
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Article36 1976-12-10 3 Reuter WASHINGTON, Thurs The average yield plunged at this month's regular auction of one-year treasury bills, dropping to 4.708 per cent from 5.201 per cent at the previous auction, the Treasury Department reported. Reuter.Reuter - 36 words
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294 1976-12-10 3 Reuter TOKYO, Thurs. United States President-elect Jimmy Carter appears to approve the holding of another economic summit meeting of major industrialised nations, but not until after February next y<sar, an adviser to the Japanese Foreign Ministry said. Mr. Nobuhlko Ushlba, who recently returnedReuter - 294 words
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234 1976-12-10 3 Reuter WASHINGTON, Thurs. President-elect Jimmy Carter begins a personal effort today to convince leading American businessmen he Intends to revive the sluggish economy without triggering more Inflation. A meeting today with Mr Henry Ford and other industrialists will be Important in his attempts to reassureReuter - 234 words
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Page 2 Advertisements
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Advertisement209 1976-12-10 2 To support 0ver42,500 kilos of tractor, Sime Darby Engineering were called in on the grounafloor. When Tractors Singapore needed specially toughened flooring for their new workshop in Jurong, they chose Masterplate one of the many quality products offered to the Building Construction Industry by Sime Darby Engineering. With a shatterproof209 words
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Page 2 Miscellaneous
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Miscellaneous315 1976-12-10 2 WEATHER report for 24 hour* prior to 7.50 p.m. on Dec 9 at Singapore airport: Maximum temperature 30.0° C Associated humidity 69 Minimum temperature 23.0H Associated humidity Hours of sunshine 8.75 Rainfall in millimetres nil Total rainfall for the month 18.9 Total rainy days for the month 4 SINGAPORE 5315 words
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Page 3 Advertisements
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Advertisement126 1976-12-10 3 O 1 r *2/ > < Exotic cuisine passionately recommended Luziza Fresh prawns marinated in honey and sour spices from Bikaner. Nuwabi Selected tender cubes of lamb marinated in subtle hot spices. A favourite of the Nuwabs. Harem s joy Tender chicken prepared in secret spices. Koulfi Ice Cream as126 words
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Advertisement107 1976-12-10 3 J Y Ol I JT) %> 12 ts-n* s o^L Vas f K c > f <: s i> 2L »v s Chivas Regal Scotland's prince of whiskies It's waited 12 years for you. Another fine product brought to you by A foods beverage (private) ltd. ITS. MJKII I IMAM107 words
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COMPANY NEWS
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316 1976-12-10 4 FOLLOWING a slight Improvement In the steel market, Malayawata Steel has made a modest recovery In the first six months ended Sept. 30, r1976. Group pre-tax profit rose > by almost three-fold from $1.33 million to $3.65 million on an increase of 19.7 per cent In316 words
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368 1976-12-10 4 THE Stock Exchange of Singapore charged yesterday that Far Eastern Hotels Development has once again violated its Listing Manual over the purchase of four logging vessels from three Llberlan companies. This time the SES says FEH committed the breach by not subjecting an368 words
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393 1976-12-10 4 JUST how far will earnings at Malayan Credit continue to slide in the current year ending March 31, 1977? If Its latest Interim report Is used as a yard stick, the downturn in its earnings, which began in 1973/74, is likely to be393 words
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145 1976-12-10 4 TEXTILE Corporation of Malaya turned in a 161 per cent Increase in group pretax profit to $467,000 in the six months ended September 1976. This came on the back of a 27.8 per cent rise in sales to $18.34 million. At the company level pretax145 words
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401 1976-12-10 4 Continuing the OUI Worldwide saga THE controversy over Worldwide Holdings' Investment in the Florida property market via Oversea United International is apparently not over. For, the Kuala Lumpur Stock Exchange has come back to the company for an explanation over its contradictory statements on the valuation report of the Investment401 words
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LATEST RESULTS
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Article46 1976-12-10 4 UNITED MALACCA RUBBER ESTATES Oroup pre-tax profit M 53.2 million ($1.69 million) for the first six months ended Oct 31, 1976. Parent profit $3.03 million ($1.71 million). Oroup estate proceeds $7.51 million ($4.14 million), investment and other income $189,857 ($119,044). Replanting expenditure $350,967 ($179,626).46 words
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Article55 1976-12-10 4 MALAYSIA RICE INDUSTRIES Pre-tax profit M 546,648 ($56,796) for the year ended June 30, 1976. Profit Includes rent received $83,700 ($209,042), profit on sale of Investment $317,769 ($195,000), interest Income $43,293 ($19,857) and dividend Income $51,178 (nil). Depreciation $56,125 ($48,497) and bad debts $31,179 (nil). Extraordinary gains $30,00055 words
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Article398 1976-12-10 4 Current payment Ex Date Date 9*y*bU Total for the year Tetal hr «M.. ,_,l luvcrvifw 7* Nov. 23 Dec. 10 13*a 8.75*a M. Baakiag 11.5* Nov. 18 Dec. 11 17.5* 17.5* Mia. 8m. 7.5* Nov. 23 Dec. 13 12.5* 17.5* Knuju 7.5* Nov. 12 Dec. 15 7.5* NIL398 words
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279 1976-12-10 4 Reuter WASHINGTON, Thurs. The Securities and Exchange Commission said it approved a Midwest Stock Exchange proposal to begin trading In call options on 20 underlying stocks registered and listed on National Securities exchanges. Twelve of the stocks are to be listed on the first dayReuter - 279 words
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Article49 1976-12-10 4 NEGRI Sembilan Oil Palms has raised its interim dividend for the current year ending Dec 31, 1976 by 2Vi points to 10 per cent, payable on Jan 15. Last year, it paid a total dividend of 17 Yt per cent, including a final of 10 per cent.49 words
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COMPANY MEETINGS
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Article21 1976-12-10 4 THE following company meetings are due: Dec 11, 12 noon, 6th Floor, Clifford Centre, Raffles Place, Singapore 1.21 words
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Article14 1976-12-10 4 Dec 11, 12 noon, Registered Office, 92 Jalan Bandar, Kuala Lumpur.14 words
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16 1976-12-10 4 Dec 15, 2.30 p.m. 10-A, Block 34, Commonwealth Lane, Singapore 3.16 words
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17 1976-12-10 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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Article753 1976-12-10 4 BEATRICE FOODS FT LONDON, Thurs. Name the world's largest food company. Unilever? Nestle? General Foods? Not according to Mr. William G. Mitchell, who claims his company, Beatrice Foods, holds the title. With sales of US$4.6 billion this Is not the only honour the company can layFT - 753 words
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Article81 1976-12-10 4 Reuter SAN FRANCISCO, Thurs. Bank of America NT and SA said It sold 60 per cent of its subsidiary, Bank of America Nigeria, to Nigerian investors. The bank said the sale was in accordance with a Nigerian decree Issued last June requiring that all banks In NigeriaReuter - 81 words
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Article191 1976-12-10 4 Reuter LONDON, Thurs. Canadian dollar Eurobonds have now recovered most of the losses suffered following last month's victory by the separatist Parti Quebecols In the Quebec elections and the subsequent slide of the Canadian dollar to the present 97.70 US cents from the 102.30 cents ruling previously,Reuter - 191 words
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446 1976-12-10 4 Filnancial Times TOKYO, Thurs. After an exceptional spurt In profits in the year ended last October, Fuji Photo Film Company, the leading Japanese photographic film manufacturer, is expecting to settle down to a more stable growth pattern In the current year. Profits are forecastFilnancial Times - 446 words
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Article950 1976-12-10 4 On December 8 PRICES were mostly higher on the Chicago Board Options Exchange on Wednesday. Advances led declines 305 to 171. Volume approximated 79,469 contracts off from 86,544 on Tuesday. OPTION JAN APL JLY STOCK Alcoa Alcoa Alcoa Alcot Am I'd Am Tel Am Tel Am Tel950 words
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Page 4 Advertisements
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Advertisement115 1976-12-10 4 TOKYO? V. m \i r r> 1 I*?* J WW Br!w WC: l*vl -i S?W ■py We're a bank with a unique understanding of Alaska and the entire Pacific Rim. That's why most of our international offices are located in that area. Each one is staffed with experts. So we115 words
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INTERNATIONAL COMPANY NEWS
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Article195 1976-12-10 5 LONDON, Thurs. Rank Hovis ilcDougall has enJoyed a strong profit performance in the 53 weeks ended Sept 4, 1976. Pre-tax profit came to £39.85 million for the period just ended. This compares with the £27.13 million chalked up In the previous 52 weeks. With the good195 words
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Article92 1976-12-10 5 LONDON, Thurs. The Sandoz group's US$l2O million Issue comprising convertible debentures and bearer participation certificates has been well'oversubscribed, Credit Suisse White Weld said. The guaranteed convertible debentures, due 1988, carry a coupon of 4* per cent, with a conversion premium of 6.59 per cent. The debentures will be92 words
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Article375 1976-12-10 5 LONDON, Thurs. Though Pilkington Brothers has chalked up a three-fold increase In Interim profit. It Is still not too happy with the results. This Is the Indication given by the chairman, llr. Alastalr Pilkington, in the interim report. He said that though results are In line375 words
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Article186 1976-12-10 5 LONDON, Thurs. Por the first half-year ended Sept 30, 1976, General Electric has chalked up a 37.4 per cent Jump In pre-tax profit to £119.8 million from £87.2 million on a sales rise of 21.7 per cent to £963 million from £791 million. Earnings per share186 words
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Article120 1976-12-10 5 LONDON, Thurs. Pre-tax profit at Phoenix Assurance rose 37.2 per cent to £16.16 million from £11.78 million for the first nine months ended Sept 30, 1976. Net premiums written fire, accident, marine and aviation rose to £242.4 million from £191.9 million. Investment Income was £22.04 million (£16.76 million),120 words
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Article304 1976-12-10 5 Reuter BYDNEY, Thurs. West Australian Petroleum (Wapet) said it will spend US$2B million on oil and gas exploration on Australia's north-west shelf In 1977 compared with a budgetted $19 million this year. The company, Joint venture of Ampol Exploration, Shell Development, Texas Overseas Petroleum and California AsiaticReuter - 304 words
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Article852 1976-12-10 5 NYT NEW YORK, Thurs. Recently published reports that the Xerox Corp's 51-per-cent-owned subsidiary, Rank Xerox, had lost all but 15 per cent of the new-copier market for units In Britain have made Investors here uneasy. Since Rank Xerox accounted for 90 per cent ofNYT - 852 words
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Article55 1976-12-10 5 SOUTHFIELD, Mich, Thur*. Bendix Corp and Ex-Cell-O Corp, In a Joint announcement, said they terminated the proposed merger of Ex-Cell-O Into a wholly-owned unit of Bendix. In late October the companies announced an agreement In principle to merge. The companies said they called off the merger because mutually acceptable55 words
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Briefly
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Article121 1976-12-10 5 NEW YORK. Thurs. ->■ Brascan staged a strong recovery in the third quarter to reduce the profit setback for the first nine months to only 1.3 per cent. For thr nine months, net profit came to U8664.6 mintfui against 665.7 million last time, with 635.5 million (626.9 million)121 words
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Article47 1976-12-10 5 FRANKFURT, Thurs. The Inter-American Development Bank's 10-year seven per cent 100 million mark Eurobond was priced at 99* per cent, lead manager Deutsche Bank said. After five years of grace It will be redeemed bv market re-purchaslng or by series drawing at par, It said.47 words
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Article77 1976-12-10 5 FINDLAY, Ohio, Thurs. Marathon Oil said It expects to spend U***** million for capital projects In 1977, exclusive of offshore lease bonuses. The company said 6240 million will be spent for worldwide production activities and another 640 million to expand crude oil and petroleum products transportation systems. About 911077 words
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Article38 1976-12-10 5 TORONTO, Thurs. BP Canada will Increase Its common quarterly dividends by one US cent to 11 cents, the Toronto Stock Exchange said. The dividend Is payable on Jan 31 to shareholders on record on Dec 17.38 words
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Article63 1976-12-10 5 NEW YORK, Thurs. Stover Olass, a municipal bond firm, said It has discovered that in excess of U8660 million principal amount of New York City housing authority bonds, thought to be guaranteed only by the city, and yielding upwards of 10 to 13 per cent, nave been for63 words
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Article72 1976-12-10 5 NEW YORK, Thurs. Honda Motor Is offering 2.3 million depository shares, representing 23 million common shares, at U8822K each, underwriter Merrill Lynch, Pierce, Fenner and Smith said, (one depository share equals 10 common shares). The shares cloeed on the Tokyo Stock Exchange yesterday at 686 yen which, converted at72 words
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Article51 1976-12-10 5 NEW YORK. Thurs. The negotiating syndicate headed by Morgan Stanley said It has tentatively priced UBB3OO million of double-A rated Union Carbide debenture, due 9006, at 00.40 with a 7ft per cent coupon to yield 7.56 per cent. Selling concession has been set at U864.75 and reallowance at51 words
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Article70 1976-12-10 5 HONOKONO, Thurs. Harriman Holdings has declared an unchanged Interim dividend of 2.5 HK cents for the year ending March 31, 1977, payable on Dec 31. The company said It expects consolidated net profit for the year will show a moderate Increase over the HK62.39 million recorded last year, and70 words
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Article32 1976-12-10 5 TORONTO, Thurs. Toronto Dominion Bank has increased Its quarterly dividend by V 4 US cent to 10 cents a share, payable on Jan 31 to shareholders on record on Dec 31.32 words
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Article50 1976-12-10 5 LUXEMBOURG, Thurs. The European Investment Bank (EIB) said it plans to raise 500 million Luxembourg francs with the Issue of nine per cent, eight-year bonds on the Luxembourg capital market. The bonds, to be Issued at par, are being managed by a group headed by Banque Generale Du Luxembourg.50 words
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Article604 1976-12-10 5 NYT NEW YORK, Ttturs. The long-delayed offer by Monogram Industries to buy 3.2 million shares, or 56 per cent, of the common stock of Royal Industries has finally become effective to the relief of arbitragers who reportedly hold about 20 per cent of Royal'sNYT - 604 words
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Article104 1976-12-10 5 NEW YORK. Thurs. New York state has accepted a net interest cost bid of 6.***** per cent for Its offering of US$9l.9 million of state full faith and credit bonds, the state compl trailer's office announced. I The bid, the only one I received was tendered by104 words
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Page 5 Advertisements
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Advertisement477 1976-12-10 5 Have you noticed how Bedford trucks keep on turning up in places where there's hard work to be done? BEDFORD TRUCKS AT CHANGI INTERNATIONAL AIRPORT Look at some of the toughest, roughest jobs going on around town today and you're bound to see Bedford trucks. In just about the biggest477 words
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Article1939 1976-12-10 6 SECTION ONE INDUSTRIALS 19T6 Hick Law C*nyur Last Sale +«r* Gr't dhr Dhr e'rr Gr's y'U Net P/t Vel (*989) Day Hlgk Lew in* 3N 100 237 186 402 204 248 460 137 135* 172 80 185 66 254 148 172 394 39 Acma Alcorn Allied Choc1,939 words
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Article1015 1976-12-10 6 ■ID and offer price* offldaUy luted and business la and reported to the Slock Racfiease of Singapore with the number of shares traded ihown In brackate to lou of 18M unit* unless otherwise specified. All Tine Settlement Contract* are quoted after the word "Sett." Bta Board deals1,015 words
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Article1122 1976-12-10 6 BID and offer price* officially Hated and business In and reported to the Kuala Lumpur Btock Exchange yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. IN OUST Ml ACS A. Ta»a *O.SUB). A|MMNK (1 .HOB I.MS I.1,122 words
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Article140 1976-12-10 6 SINGAPORE UNIT TRUST (Nuifm' prion far Dae It) INCOME BOND UNIT fCwmt mrUmm The Commerce l.»7 1.77 The Savtn« rund 0 03 O.M INCOMEBOHD 100 1.14 8'poreProf rund 0.70 0.03 S pore Security rund 1.23 132 Spore Invert rund 1.01 1.07 »URA BUMIPUTRA FUND (Maaa#ara prtoaa far Dae140 words
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Article115 1976-12-10 6 BO T 8 1/2* IMI (100,000) (102HB 103*8) DBS 8 1/2* 1982 (IM.OM) (09*B 100*8) D B 8 Coaverts 6 1/2* IMI (100,000) (978 97*8) 102S8)* lm <100 000 > < 102 B B 1 J? 8 1/4* 1963 (100,000) (M*B 90S8) I B J 6 1/2*115 words
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Article108 1976-12-10 6 5 1/2* 1/12/77 (1,000,000) (101.568 101.658) 5 1/2* IS/4/78 (1,000,000) (1Q1.558 101.658X1)101.62 5 1/4* IS/7/76 (1,000,000) (101.308 101.358) 6 1/2* 15/6/76 (1,000.000) (103.308 103.408) 7* 1/7/79 (1,000,000) (104 MB 104.M8) 5 1/4* 15/16/71 (1,000.000) (1M.708 100.858) < 3/4* 15/6/66 200,000) (1)103.10 < 3/4* 1/12/86 (1,000,000) (102.MB) 5*108 words
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Page 6 Advertisements
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Advertisement15 1976-12-10 6 found only in the 4 j PENGUIN I r M __LLkJ iZJJM W nr i15 words
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Article427 1976-12-10 7 SHAKE prices finished IMrtDy i ■had* !>■■ hi BMbete^«r fin bSrtml kditiat thereafter la the light at hmm ynfl(-Ukia( km aad than. TW tHtar tread lasted only dariag the latter part of the ainhi eeesisu altar which bargain hunters were back aal pricao war* partially rsotorsd.427 words
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Article486 1976-12-10 7 INSUFFICIENT followthrough support caused prices to finish on a mixed bias at the Kuala Lumpur Stock Exchange yesterday. Although the trend In the morning was firm, light profit-taking and selling resulted In the market softening slightly towards the latter session. Towards the close, some attempt486 words
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Article99 1976-12-10 7 ALLIED Chocolate Industries has acquired a 25 per cent stake In a newly Incorporated Hongkong comf>any, General Consoidated. Other shareholders of the company, which has an Issued capital of 500,000 shares of 10 HK cents each, are ACl's Hongkong parent, Allied Food Industries (Far East) and Olm Slu99 words
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Article1080 1976-12-10 7 NSW YORK: Stocks advanced again, overcoming aoma weakness sarty in the aaeataa aa the broad market rmtflmwt to oatperform blue chlpa an Wednesday. Volume waa heavy. AnatyateaaM investors continue to register growing confidence In preektent-etect Outer and to aeok oat atocka whose yields have Improved relative to bonds1,080 words
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Article279 1976-12-10 7 ZURICH: The market was Irregularly lower on profit taking on Wednesday after the gains of last two days In slower trading, dealers said. Among generally steady flnanclals Bally registered roae on renewed speculative demand. Motor Cofoiabas, however, lost ground. In chemicals Sma4m Dearer continued higher while Its registered stock279 words
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Article384 1976-12-10 7 JOHANNESBURG: Oold shares moved off Um bottom in afternoon trade In line with European indications on Wedneeday. with dealing* becoming more active ahead of the DIP auction, market sources said. W. Held* shed 75 cents to 2.325, Hsrisay five cents to 805 and P. Brasi 25 cents to 1.578384 words
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Article379 1976-12-10 7 PARIS: Tlw market was higher High jrMds have attracted back maiu Investors and Investment portfolio rosupanles m making active purchaass m snryear book nwrtig opsratlons. Tht tovernmen t s plan to exempt taxpayers earning lam than 150,000 francs a year from first I.IN francs In cams they receive from379 words
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Article195 1976-12-10 7 FRANKFURT: Most ihtTM lost up to 2.50 marks on position closing In thin lacklustre trading on Wednesday, market sources said. Among easier stores Karat a<t lost 4.10 while major chemicals and electrical* eased up to the 1.40 lost by AEG following Its announcement It still only hopes to pay195 words
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Article323 1976-12-10 7 TORONTO: Weetera Oik gained a point In the last hour on Wednesday while the Industrial index halved its loseee to 1/4 at the cloee of active trading on the Toronto market. Bteets and Industrial mines where the only sectors to register marked declines. Stales A and Algiis both dropped323 words
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Article151 1976-12-10 7 BRUSSELS: Belgian share prices closed mixed In quiet trading on Wednesday bourse sources said. SoAna, Traction, Arged and HeMwa rose but Wagmu Liu, C—«ra and St Rock were lower. In foreign stocks UK and French rose while Oerman, Dutch and U8 were little changed. Oold mines fell with the151 words
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Article187 1976-12-10 7 AMSTERDAM: The market rose over a broad front except Dutch Internationals which finished narrowly mixed after opening wctk. DEC Fla Ahold 78 so -a.« Akm AMnt M.M Hi 8 MM M.M ♦1 iU Aantknk M.M ♦1 Bmiom M.M -0 BtrF^ 1M.M uncto M.M MJM ♦0.1 •1 M.M +-•7 SSS.187 words
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Article473 1976-12-10 7 BYDNBY: The market rose further on Thursday under sustained W— and local lnstltuUonal buying support, dealers said. The Sydney All Ordlnartee Index rose 6.57 points to close at 436 54 Leading miners and selected industrials led the gains. Market leader HHP Jumped 34 cents to Wl.il and KZ Miitriw473 words
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Article466 1976-12-10 7 TOKYO: T!m market continued higher to buoyant trading. onThureday wfth buying lntcreet spreading from blue chlpe to lower-priced leeuee, dealers mid. The Dow Jones average added tt.o4 to clom at 4,798.93 wtth volume 430 million sharet. The New index doeed at 983.96, up 1.88. Oil theses were higher on466 words
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Article18 1976-12-10 7 MILAN: The stock market was closed on Wednesday for Immaculate Conception day a national holiday In Italy.18 words
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Article114 1976-12-10 7 MANILA: The market was easier across the board on Thursday In quieter trading, with oils contlnulng'to fall and mining leaders also weak, dealers said DEC Pe»o« Aco)e Mining 0136 -0.0005 Atla*Con A 2# 00 -9.K AtlM Con B 29 00 -0.5 Baguio Ooid .011 -0.0006 Benguet Con B BFOoodrtch114 words
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Article337 1976-12-10 7 HONOKONO.: The market closed firm in moderately active trading on Thursday following a rlee to Hongkong stocks quoted to London overnight, dealers ■Id. Among blue chlpe, Swire Padflc roee 10 cento to 90.4S and 919.90. HatcMeea roae five to 99.30 while Heagkeag Baak, HeHksw and wkseleek Macwsawsre iinrhengert Cklaa337 words
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Article83 1976-12-10 7 DEC M Bahu AiUFlbn 10* -1 Bangkok Bank 22V IX Bangkok Inveat -1 Banckok-Metro-politan Bank Bata 3618 Bartl Jucker 157 unch Charoonf Thai Wire IS1 ♦1 Dumex Dustt Thani Fiber Merlin Flirt Trust IMS -10 Indo-Thal J And J Ho Jalaprathan unch Cement 7* Karaasuta S3 LeeKwanc Mln Metal83 words
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Article87 1976-12-10 7 FINANCIAL TIMES INDUSTRIALS Wednesday .325.0 Tuesday ..319.8 Week ago ..301.3 TIN Wednesday .116.98 Tuesday .116.98 Week ago .114.93 RUBBERS Wednesday 493.90 Tuesday .494.68 Week ago .501.05 OILS Wednesday .405.12 Tuesday 402.83 Week ago .384.81 DOW JONES AVERAGE INDUSTRIALS Wednesday .963.26 Tuesday .960.69 Week ago .949.38 LONDON DOLLAR PREMIUM Wednesday87 words
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Page 7 Advertisements
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Advertisement311 1976-12-10 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road'-side stalls. Heavens, certainly not in the pasar ma lam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational iii fJilffi quite unlike the type that311 words
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COMMODITY REPORTS AND PRICES
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Article654 1976-12-10 8 OPENING indications In the Singapore rubber market yesterday were marked down by about one cent, but the market later staged a mild rally on speculative short-covering, taking January to a high of 198.00 cents traded before falling back to ground levels, dealers said. Turnover was small. Forwards were654 words
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Article119 1976-12-10 8 DAILY SSR and SMR prices at noon yesterday J u>. M. R.A.S. (Current Mth) (For* rird Mth) Buyer* Seller. Buyer* Seller. (end .perkf) (nil per kg) SSR 20 <1 —ton Pallet) 180.00 188 OON 187.00 189.OON SSR 50 (I —ton Pallet) 183 50 185.50N 184.50 186.SON M.R.E.L.B.119 words
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Article223 1976-12-10 8 The Straits tin price In Penang yesterday was down $3.62 ft to $1|230.37ft per picul on an official offering down 27 tonnes to 204 tonnes. In LONDON yesterday, tin rose £50 per tonne for Cash and £45 for Three Months in both contracts. Dealers attributed the rise largely223 words
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Article42 1976-12-10 8 LONDON, Thrus. Lead rose £2 per tonne for cash and £2.25 for Three Months. The steadier tone reflected the recovery In copper together with covering against recent physical business which lifted Three Months to £292 per tonne. Sales were 1,450 tonnes.42 words
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Article31 1976-12-10 8 Rubber: Dee*. SiniiDOCt: Jaa 1K.50 eta. (dewa 1.99 ct). Malaysia: Jaa. 291.80 eta. (dewa 1.99 ct). Tia: 11,230. 37ft (down $3.42 ft). Official sflMag: 294 tomes (down 27 toaaes)31 words
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Article41 1976-12-10 8 LONDON, Thurs. Zinc gained £0.75 per tonne for Cash and about £0.25 for Three Months. Prices were well-main-tained on small covering against modest UK and continental demand with sellers showing reserve around the £400 per tonne level for Three Months.41 words
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Article127 1976-12-10 8 THE following Palm Oil prices we prices are elf Rotterdam and are otherwise stated. re quoted In London on Wednesday The quoted In US dollar per long ton unless Malaysia 5* ffa bulk Dec Jan Feb/Mch Sumatra 5% Nov Dec Jan Feb Mar Apr Nigerian 5* ffa bulk127 words
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Article260 1976-12-10 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk WO seller*, old drum $85 sellers, new drum $90 sellers. Copra: Mixed (loose) UK/Cont. $49 1 buyers. Pepper: Muntok AST A white fob. 100% NLW (307 V, sellers. Sarawak white f.o.b. MS NLW *290 sellers.260 words
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Article346 1976-12-10 8 THE fifth IMF auction attracted bids totalling more than 4.3. million ounces and the full offer of 780,000 ounces was sold at a common price of U*****.00 per ounce. This very successful result prompted an opening price of U*****.00 locally, at which level some profit taking was seen by346 words
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Article289 1976-12-10 8 LONDON. Thurs. Copper wire bars showed no basic change from previous closing ring levels. Dealers said prices softened on the pre-mar-ket under light selling Knpted by steady sterand a slight reversal to gold's initial strength. Three Months traded from £792 down to £788 per tonne but in the ring289 words
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Article61 1976-12-10 8 THE Malaysian Minister of Finance has fixed these duties from Dec 9 until further notice: Rubber 94% cts a lb Copra $746.00 a ton Palm Kernel >235.25 a ton. The rates of duties payable are: Rubber 12* cts a lb Surcharge 5% cts a lb (Total 17% cts61 words
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Article276 1976-12-10 8 LONDON, Thurs. Robust* futures ended the opening call very steady, £32 to £26 up from Wednesday's close with 503 lots traded. Opening trading was mainly centered on Ifch and May. May Initially opened £15 hl£ier at £2,480 but by end call had extended the rise to £31 at £2,405276 words
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Article163 1976-12-10 8 CHICAGO, Wed. Wheat futures posted gains of 4% to ltt cents a bushel at the close, with final prices at or near the day's highs. Prices moved narrowly to either side of the previous close during most of the session In a light trade but went to the plus-side163 words
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Article161 1976-12-10 8 CHICAGO, Wed. Soybean futures drove sharply higher In nearby contracts late In the session to finish at the day's highs with gains of 15-1/2 to 1-1/2 cents a bushel. January penetrated the $7.00 level earlier and closed at $7.06 a bushel. After fluctuating narrowly through much of the session161 words
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Article206 1976-12-10 8 LONDON, Thurs. Silver dosed 0.3 pence per troy ounce lower to unchanged. Steadiness was aided bv overnight gains at New York and firmness In gold, dealers said. Prices fluctuated narrowly in moderate trading with Three Months finally changing hands at 273.3 pence. However values eased on the kerb under206 words
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Article239 1976-12-10 8 LONDON, Thurs. Terminal opened quiet with prices £0.85 to £0.40 above Wednesday's closing levels. Sales totalled 195 lots. Market reports of an additional 10,000 tonne sugar purchase by Israel and white sugar buying interest from Bahrain and Egypt made little Impact on the terminal this morning. The London dally239 words
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Article209 1976-12-10 8 BANGKOK, Thurs. Indicative prices for rice quoted yesterday were: White Rice: 100 per cent Ist class 290 100 per cent 2nd class 279 100 per cent 3rd class 270 5 per cent 256 10 per cent 237 19 per cent 234 20 per cant 231 29 per cent 222209 words
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MONEY AND EXCHANGES
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Article541 1976-12-10 8 TRADINO In Singapore's domestic money market yesterday was described by operators as easy with overnight funds dealt at the 2 1/8 per cent level, and keen Interest shown in short date funds especially one month deposits. Opening at the 2 3/4 per cent lever overnight funds were gradually traded541 words
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Article153 1976-12-10 8 Asian rates ASIAN currency deposit Interbank rate* u at do* on Dec 9. USDoUa (Mhr ■VST 7 day* 4 3/4 4 5/8 1 oath 4 7/8 4 3/4 2mths 4 15/16 413/16 3mths 5 4 7/8 6 mUu 5 3/16 51/16 9 mthi 5 3/8 51/4 12mthi 5 1/2 5153 words
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Article50 1976-12-10 8 RAN OK of price* offend by discount houMS on Dec t. Oremlftit into W Cadi deposit M (Ml B«y MUx 4ooUi Treasurer Mill 1 2S t-tfoaUi Banks mu* l/i 1 1 7/1 17/16 11/8 J-Month CD ft- Xoottl CD S %nt i V« 1 Source: National Discount Co.50 words
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Article56 1976-12-10 8 Minimum lending rates (in ACBC 8%. First Chicago Algemene Bank 6% Citibank 6\ Bangkok Bank .7* HSBC 7 Bank of America Indosuez 6* Bank of China .7* Malayan Banking 6\ Bank of Tokyo 6% Mitsui Bank 6* Bank Negara OCBC 6% Indonesia .V* oub e* Chartered Bank 6* UCB 756 words
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Article318 1976-12-10 8 LONDON, Thurs. Sterling dipped slightly to U551.6699/6704 against the dollar from its 1.6710/15 overnight level, but most early currency movements In Europe were limited, dealers said. The impending Bitlsh economic measures and outline agreement on the future of the sterling balances, expected next week, are overshadowing trading In other318 words
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Article157 1976-12-10 8 NEW YORK, Wed. The dollar closed slightly weaker In light, featureless trading as the New York market prepared for an extended holiday period. The dollar's move came against a background of continuing softness in shortterm American interest rates and general caution ahead of Britain's expected economic package. Sterling157 words
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Article123 1976-12-10 8 TOKYO, Thurs. The US dollar closed lower at 296.00 yen, compared with 296.40 at the opening and Wednesday's close. Despite slow sales of dollar export bills by traders, the US currency eased in moderate trading as some banks sold dollars to square positions, dealers said. There was sporadic dollar123 words
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Article107 1976-12-10 8 HONGKONG. Thurs. The US dollar lost ground in moderate trading throughout the day to be quoted at HK54.7520/7570 in late trading compared with its opening $4.7610/7640 and Wednesday's close of $4.7580/7610, dealers said. However the late rate was still above the low for the day of $4.7500/7520. Sterling was107 words
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Article103 1976-12-10 8 Euro rates LONDON, Thurs. Period Eurodollar deposit rates opened higher because of the loss of the Friday dealing technicality and hardened about V lB ln places since, dealers said. Turnover was small. Shorts held very steady with the overnight rate firmer at about 1/16 to 13K 13*. LONDON Eurodeposlts opening^uo103 words
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Article40 1976-12-10 8 ZURICH exchanges quoted on Dec 9. US 2.4540-4547 UK 4.1005-1035 Can 2.3970-3990 W. Germ 102.23-29 Neth 98.16-24 France 49.10-13 Belg 6.70-1/4-71 Denm 41.76-79 Norw 46.88-91 Swed 58.70-73 Italy 0.2839-2844 Austria 14.41-43 Port 7.77-80 Spain 3.59-1/4-59-3/4 Arg 0.85-1.15 Japan 0.82-3/4-83-1/440 words
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Article50 1976-12-10 8 AUSTRALIA/NZ exchanges quoted on Dec 9. Australia: Sterling 0.6257/0.6184 US dollar 1.0409/1.0361 Ninety day air mall buying rates: Sterling 0.6569 US dollars 1.0651 Ninety day forward buying rates: Sterllng 0.6649 US dollars 1.0432 New Zealand: Sterling 0.5470/0.5440 US dollar 0.9190/0.9090 Ninety day forward rate: Sterling 0.5892/ US dollar 0.9361.50 words
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Article32 1976-12-10 8 FRANKFURT exchanges opening quotes on Dec 9. US 2.3970/85 Can 2.3380/3400 UK 4.010/025 Neth 95.90/96.05 Swltz 97.75/90 Italy 2.765/785 France 47.95/48.10 Norw 45.76/86 Belg com 6.54/56 Belg fin 6.56/57 Japan 0.8091/810332 words
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Article260 1976-12-10 8 LONDON, Thurs. Straight bonds firmed In fairly active trading, dealers said. US dollar Issues rose point through the list with many bargain hunters seen. Ouilder issues were very quiet, while mark Issues were largely unchanged. Convertible Issues were quiet with US Issues unchanged to fractionally firmer, while Japanese260 words
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Page 8 Advertisements
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Advertisement140 1976-12-10 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times i m 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/Pacific140 words
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TRANSPORT AND COMMUNICATIONS
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606 1976-12-10 9 JAY PERKINS - By JAY PERKINS AP Reuter UNITED STATES TransKrtation Secretary Wilm Coleman Jr. said on Monday car makers will not be required to install air bags on new cars but will be urged to make them available as a low-cost option. Mr. Coleman,AP; Reuter - 606 words
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Article362 1976-12-10 9 Reuter BIRMINGHAM, Thurs. A model of a submerged remote-controlled oil production system was among the exotic hardware on display at the "Offshore International Exhibition and Conference" which opened here today. Some 450 firms from countries Including the United States, Belgium, Australia, Italy, West Germany, BritainReuter - 362 words
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241 1976-12-10 9 BERLIN, Thurs. Three hundred and seventy-nine cargo, deepsea and fishing vessels Including river boats totalling 1.6 million tonnes have been built in the past five years at shipyards in East Germany. Two hundred and thirtythree vessels were delivered to the Soviet Union, the241 words
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Article, Illustration312 1976-12-10 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES August Cesarec (1500 after Lexa Maersk) 8/9 Bunga Seta war (after An Heng) 18 Johneverett (2100 tide after Adrastus) (Must head East for D/L) 35/30 Kota Slngapura (1700) 42/43 Leda Maersk (1200 after Qlngshui) 47 Lpon Sheng (HOJW) (1000) 29/30 Oriental Musician (6ZXO)312 words
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Article, Illustration401 1976-12-10 9 TOKYO, Thurs. Toyota Motor Company, Ltd., and Toyota Motor Sales Company, Ltd., have announced the Introduction In the Philippines of Its newly developed multi-purpose BUV (Basic Utility Vehicle). The vehicle has gone on sale in the Philippines through Delta Motor Corporation,401 words
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Article105 1976-12-10 9 NAVIRE Cargo Gear Southeast Asia, a local subsidiary of Navire Cargo Gear International, has won a milliondollar contract for the supply of hatch covers for vessels In Indonesia. The three 950 dwt vessels that It will be supplying hatch covers to, are among the first of an105 words
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Article225 1976-12-10 9 AP LONDON, Thurs. Chartering still showed no signs of expanding to a point where the rate slide might bearrested on the London freight market yesterday. Grain houses remained idle, apart from a few outstanding cargoes, and little support was given by other commodities. North American grain fixing consistedAP - 225 words
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Article585 1976-12-10 9 ARRIVALS Service Opmttt NumVi Uoa r T\m t! Fr+m CPA CX0C3 PAA PA641 JAL JL712 SIA BQZtl OIA OASSO OIA QA906 PAL PR501 KLM KL633 SIA 9Q201 SIA 9Q240 SN SN287 THAI TQ418 OIA OA 062 OIA OAM4 SIA SQ6O0 A'PLOT SU559 SIA SQ202 OIA OA964 CPA585 words
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Page 9 Advertisements
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Advertisement97 1976-12-10 9 A wealth of answers to scientific phenomena LIFE SCIENCE IJMIAKV 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 the human97 words
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Article, Illustration1183 1976-12-10 10 SOH TIANG KENG - By SOH TIANG KENG RECENT company scandals and controversies in Singapore and elsewhere have put auditors under the gaze of public scrutiny. And the question which Inevitably crops up now and then Is: "Are auditors discharging their responsibilities with reasonable skill and care?1,183 words
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Article, Illustration1441 1976-12-10 10 ROD NEWMAN - DOING BUSINESS IN THE MIDDLE EAST By ROD NEWMAN OF ALL the Middle East markets it is Saudi Arabia which inevitably is the biggest magnet by virtue of Its enormous oil revenues, Its commitment to spend as much of Its petrodollar Income as1,441 words
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Article, Illustration779 1976-12-10 10 TOM WICKER - By TOM WICKER NYT WITH all due respect to the 16 economists and businessmen who are said to have recommended It to him, President-elect Jimmy Carter may come to regret his renunciation of wageprlce controls. The United States economic problems are so complexNYT - 779 words
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945 1976-12-10 10 MICHAEL ARKUS - By MICHAEL ARKUS Reuter THREE cemeteries, 18 brothels and a wooden Jail hacked out of dense rain forest eptlmose the gold rush in Brazil's Amazon jungle. The knife and gun battles, the bawdy saloons where men often buy their women or liquor with goldReuter - 945 words
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Page 10 Advertisements
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Advertisement326 1976-12-10 10 V I *1 J m it NEW DIRECTIONS The magazine that actually says what you have been thinking all along. New Directions quarterly was bom in late 1973 and has since then quietly sat about its task to enhance the intellectual climate in Singapore, to stimulate the spirit of debate326 words
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249 1976-12-10 11 THE Institute of Banking and Finance (IBF) will become the sole examining authority of the new Stage 1 examinations of the London Institute of Bankers, from next year. According to its assistant director, Mark K.Y. Wong, an examination panel has been formed249 words
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215 1976-12-10 11 TODAY Is the last viewing day for a unique auction of Chinese and South-east Asian antiques, to be held in the Cockpit Hotel on Saturday by CKS (Cheong Koon Sung), sponsored by the Singapore Antiquarlum. The 173 lots have a value estimated at215 words
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Article55 1976-12-10 11 THE Straits Group has awarded five scholarships to students of the University of Singapore for the current academic year. These are the second batch of scholarships to be awarded from a total of 25 scholarships totalling 950,000, donated by the group to mark the completion of55 words
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Article241 1976-12-10 11 Reuter UPI MANILA, Thurs. The Philippines, beset by sharply declining sugar prices in the world market, Is negotiating new sales to China, the United Btates and Arab countries, President Marcos said today. Mr. Marcos, speaking before government supply officers, disclosed that he had asked FirstReuter; UPI - 241 words
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Article70 1976-12-10 11 UPI TOKYO, Thurs. The number of bankruptcies tn November in japan soared to an all-time high, a business credit Inquiry agency here said yesterday. Telkoku Koshlnsho Ltd. said business enterprise failure cases totalled 1,597 last month, exceeding the frevlous monthly high of ,494 in December last year.UPI - 70 words
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419 1976-12-10 11 KUALA LUMPUR, Thurs. Airlines operating In the Asian region were today urged to avoid any unhealthy developments, especially malpractices, when competing with each other. "Airlines should take heed and ensure that any malpractices that have crept in are not allowed to aggravate," said the Acting419 words
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755 1976-12-10 11 AP MOSCOW Thurs. The Soviets are sending strong signals to Washington during the White House transition period that they want to rekindle dampened trade relations despite Kremlin assertions not long ago that Russia can thrive without American business. The Soviet message isAP - 755 words
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Article70 1976-12-10 11 UPI TOKYO, Thurs Two Japanese companies have won a US$3.4 billion (898-3 billion) electricity supply plant order from Malaysia, company officials said yesterday. Purukawa Electric Co and Nissho-Iwal Trading Co officials said the project will call for building a 2,sookmlong electric power transmission line In SouthernUPI - 70 words
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Article30 1976-12-10 11 UPI WASHINGTON, Thurs. The Soviet Union has concluded a contract to supply India with 200 tonnes of heavy water for Its Canadian-supplied nuclear reactor, sources said yesterday. upi.UPI - 30 words
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Article, Illustration418 1976-12-10 11 THANIN TO CONFER WITH SUHARTO Reuter JAKARTA, Thurs. Thailand's worsening relations with' communist states In Indochina are expected to be among the mam topics discussed by President Buharto and Thai Prime Minister Thanln Kralvichlen when the Thai leader arrives here tomorrow for a three-day InformalReuter - 418 words
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100 1976-12-10 11 Reuter WELLINGTON, Thurs. Prime Minister Robert Muldoon said New Zealand's Import deposit scheme will be extended by six months to Aug 2 next year. He also said banks and finance companies would be directed to reduce the rate of growth of lending and to shiftReuter - 100 words
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Article113 1976-12-10 11 UPI TOKYO, Thurs. Japan's exports and imports will run at a slower pace in the first quarter of 1977, the Economic Planning Agency said yesterday. The agency, after surveying 29 major trading houes, said estimated exports In the January-March period would rise about 9.5 perUPI - 113 words
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Article103 1976-12-10 11 BANK of India chairman Mr C.P. Shah will stop over in Singapore at the weekend on a stage of his tour of Far East and South-east Asian countries, whose banking and business systems he Is studying. He will also "explore the possibilities of further expansion103 words
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Article38 1976-12-10 11 AP TOKYO, Thurs A Chinese eiirnallsts delegation, led Mr Kung Mai, leading member of the editorial department of the Hslnhua News Agency left Peking for Manila yesterday for a friendly visit to the Philippines Hslnhua reported.AP - 38 words
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324 1976-12-10 11 UPI DETROIT, Thurs. General Motors and Chrysler yesterday denied they have begun negotiations to buy additional steel from Japan to blunt the recently Imposed six per cent steel price Increase by US firms. A OM spokesman said the firm buys less thanUPI - 324 words
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379 1976-12-10 11 Reuter TOKYO, Thurs. Japanese Prime Minister Takeo Miki said today he would submit proposals for reforms In the ruling Liberal Democratic Party (LDP) early next week but gave no confirmation that this would constitute his resignation. Informed sources said that Mr. Miki wantedReuter - 379 words
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Article120 1976-12-10 11 PENANO, Thurs. Penang traders have appealed to Finance Minister Tengku Razaleigh Hamaah to establish duty-free areas spread out over the Island Instead of In one "centralised, monopolistic" centre. In a petition they sent to Tengku Rasalelgh through MCA Taniong branch chairman Mr. Mah Cheok Tat last120 words
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Article31 1976-12-10 11 UPI NEW DELHI, Thurs Dr Rolf Stoedter of Hamburg, was elected yesterday the next president of the International Chamber of Commerce (ICC), succeeding Mr J. Cream of Canada. UPI.UPI - 31 words
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248 1976-12-10 11 ASEAN HAS NO MILITARY PLANS MALIK KUALA LUMPUR, Thurs. Asean leaders have no Intention of transforming the association into a military pact supported by external povers, the Indonesian foreign minister Adam Malik said here today"Asean came Into existence because they have learnt that conflicting external Interest would only bring about248 words
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Article58 1976-12-10 11 Reuter JAKARTA, Thurs. Indonesia's rate of inflation will not exceed 15 per cent this year, State Secretariat Minister Sudarmono said. He told newsmen after a cabinet meeting the inflation rate for the first 10 months of the year had dropped to 14.37 per cent from 16Reuter - 58 words
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138 1976-12-10 11 KUALA LUMPUR, Thurs. Further talks between Malaysian officials and the Philippines National Oil Company (PNOC) over compensation for the oil spill caused by the Diego Silang in the Malacca Straits earlier this year will be held next week. This will be a follow-up to138 words
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Article35 1976-12-10 11 UPI QUEBEC CITY, Thurs. Quebec Premier Rene Levesque announced yesterday his Parti Quebecols government will begin a two-stage inquiry by January into the $1.3 billion costs of the 1976 summer Olympics in Montreal,-UPI.UPI - 35 words
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Advertisement431 1976-12-10 11 APPOINTMENTS Applications are invited from suitably qualified applicants for the following positions in a manufacturer of electronic components in the Kallang Basin Industrial Estate: MANAGER, BUSINESS INFORMATION SYSTEMS The Manager Business Information System is responsible for the design implementation and integration of computerised information systems. He assists the Company in431 words
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Advertisement343 1976-12-10 11 ECONOMIC DEVELOPMENT HMD SENIOR OFFICERS The Economic Development Board would like to invite applications for the above appointments. With an international network of overseas centres in 10 major cities, EDB has the primary task of developing industries in Singapore. This includes policy planning, promotion of modern industries and projects evaluations.343 words
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350 1976-12-10 12 THE opposition parties may close ranks to provide a straight one-to-one fight against the People's Action Party In the general elections. According to reliable political sources, the opposition forcercomprlslng the Barlsan Soclalls, United Front, PKMS, Justice Party and the Workers Party on the350 words
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335 1976-12-10 12 KUALA LUMPUR, Thurs. The dangers posed by the socialist and communist political systems were stressed at a panel discussion on "Malay leadership" at the University of Malaya last night. The first speaker of the four-man panel, Umno Youth rice-president Hajl Suhalml Datuk Hajl335 words
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Article769 1976-12-10 12 LONDON, Thurs. The stock market closed mainly easier on profit-taking after the recent rises, dealers said. At 3 p.m., the Financial Times index was down 4.6 at 330.4. Government stocks moved narrowly In quiet trading. Medium dated loans mostly maintained earlier small rises. Leading equities saw falls of769 words
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265 1976-12-10 12 JAPAN Is likely to do well ia the rowing year despite the sethadhs suffered by the ruling party ia the reeeat general ebctkuu. This is the opinion sf Mr. HereM Gonrson, consultant director at an international economic research and management consultancy organisation265 words
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Article120 1976-12-10 12 ATLAS Electronics (Singari) has changed its name Alwa-Atlas Electronics (Singapore) to increase the sales of Aiwa radios and cassette recorders manufactured by Altas In international markets. This was revealed by an Aiwa spokesman In Singapore, who added that the sales department had found that120 words
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Article54 1976-12-10 12 A TALK on "Computers and the Accountant" will be held at the Victoria Memorial Hall today at 1 p.m. Mr, Peter Purushotma, marketing manager of Oriental Data System (OD8) will be the speaker. The talk is held In conJunction with the four-day ODS computers exhibition, which ends54 words
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Article50 1976-12-10 12 Reuter NEW YORK, Thurs. Cartier, the Jewellery firm, said yesterday it has filed a law suit against 34 retailers In an attempt to stop the sale of imitations of its "Tank" watch, designed by Louis Cartier in 1017 In honour of World War One tank commanders Reuter.Reuter - 50 words
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Article441 1976-12-10 12 THAI GOVT APPROACHED ON PROJECT IT was reliably learnt yesterday that the Thai Government has been approached by Slntapore contractors wishing to participate In Its national housing programme, and that the Thai Government Is considering their propoeals. Borne of the more enteiprlslng, and larger, of441 words
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457 1976-12-10 12 MEMBERS of tome professional bodies here are opposing various suggestions which have been made to alter the ways In which Singaporeans get their technical and commercial qualifications. The suggestions come from the technical committee of the Singapore Professional Centre (BPC). They deal specifically with457 words
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Article, Illustration361 1976-12-10 12 The expensive welfare states Dr Toh HEALTH Minister Dr. Toh Chin Chye yesterday delivered a hard-hitting talk criticising many Western welfare states and supporting Singapore's present medical services. He said that just over 90 per cent of Singapore's hospital Eitlents are in fact receivg free medical treatment where in contrast,361 words
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186 1976-12-10 12 PAC-ASIAN Services are now the agents (for Malaysia and Indonesia) for Luzon Stevedoring Corporation (Lustevco). They have taken over this appointment from Straits Logistics, an affiliate company of Pacific Logistics. This is a result of a change In the ownership within Lustevco186 words
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616 1976-12-10 12 IT is traditional at the Union of Keppel Shipyard Employees' annual dinner for Keppel to disclose the company's performance for the year. There will be particular Interact at this year's dinner, scheduled for Dec 19, to hear how much Keppel will say about616 words
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Article118 1976-12-10 12 UPI MANILA, Thura. More than 30 financial expert* from the City of London will participate in a three-day conference hare next February to diacuss how they could help in the development of Manila aa n financial centre. The meeting, to be opened by President FerdinnndUPI - 118 words
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Article40 1976-12-10 12 UPI CAIRO, Thura. A Joint Arab industrial authority, grouping Egypt, Saudi Arabia, Qatar and the United Arab Emirates, concluded a two-day conference In Cairo yesterday by deciding to manufacture "advance weapons," War Minister General Mohammed Gamassay said. UPI.UPI - 40 words
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264 1976-12-10 12 Reuter SINGAPORE, Thurs. Hanoi today denied Thai claims that Vietnam was planning to Invade Thailand In two months' time. The official voice of Vietnam Radio described as "an absurdity" statements made by Thai Interior Minister Samak Sundaravej that the Vietnamese were looking for a chanceReuter - 264 words
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Article57 1976-12-10 12 Reuter JAKARTA, Thurs President Suharto has approved a Joint venture between Bridon International of the UK and PT Clbltung to manufacture wire in Jakarta, Antara News agency reported last night. The factory will operate under the name PT Bridon Poleko Indonesia, and will have an initialReuter - 57 words
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Advertisement84 1976-12-10 12 v Y/C \ow. a I rent h restaura nt fh,tt tru 1\ flatters vour taste t«»r the- finest. In ttxfci. s»r\ ice a ml quiet enter la inmeni. Dine In candlelight tin exquisite I reru h fart-. \nd ilaiKi to soft imisu l»\ I he HeKedere I no. ("onif to84 words
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