The Business Times, 29 December 1976
1976-12-29
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The Business Times
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Title Section11 1976-12-29 1 BUSINESS TIMES M.C.(P) 1455/7 ft WEDNESDAY, DECEMBER 29, 1976 30 CENTS11 words
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NEWS IN BRIEF
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Article101 1976-12-29 1 UPI WASHINGTON, Tues The United States posted a record US$9O6 million (552.2 billion) deficit in international trade in November because of an increase in petroleum imports and a drop in food exports, the Commerce Department said today. It was the sixth consecutive monthly decline and the largest sinceUPI - 101 words
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Article68 1976-12-29 1 AP MOSCOW, Tues. US President-elect Jimmy Carter's new Cabinet is made up of people who have wavered back and forth between supporting the cold war and supporting detente with the Soviet Union, the communist party newspaper Pravda said today. "Having once paid tribute to the 'cold war,'AP - 68 words
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Article31 1976-12-29 1 THE Port of Singapore Authority's (PSA)Chemistry Department will expand its services to the shipping community by providing hydrogen cyanide (HCN) fumigation of vessels with effect from Jan 1, 1977.31 words
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Article58 1976-12-29 1 ANCONA, (Italy) Tues A predawn earth tremor struck east central Italy today, causing residents to flee their homes in panic but resulting in no damage or injuries, officials said. Scientists at the geophysical observatory at Monte Porzio Catone said the tremor hit at 0245 GMT with58 words
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Article52 1976-12-29 1 Reuter JAKARTA, Tues. The Islamic Solidarity Committee in Jakarta has welcomed the recent ceasefire agreement between representatives of the Philippines government and Muslim rebels, Antara news agency reported. The agreement was "a step forward towards greater stability in the region of Southeast Asia," the Committee was quoted asReuter - 52 words
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Article58 1976-12-29 1 AP JAKARTA, Tues. The Government announced plans for a major budget increase next year with large pay raises for public servants and armed forces personnel. Before President Suharto's address to Parliament on Jan 6, figures were given for the budget increase, but the government announcement said increasedAP - 58 words
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Article50 1976-12-29 1 Reuter BANGKOK, Tues. Cambodian gunboats sank a Thai fishing vessel in the Gulf of Thailand last Friday, a Navy spokesman said today. He said two Cambodian gunboats opened fire on two Thai trawlers near Koh Kood Island off the coast of Trat province which borders Cambodia.Reuter - 50 words
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Article44 1976-12-29 1 UPI NEW YORK, Tues. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 999.17, up 3.08; 20 transp 234.29, up 0.94; 15 utlls 105.44, up 0.19; 65 stocks 322.06. up 1.01. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration184 1976-12-29 1 TRADING at the Stock Exchange of Singapore continued at a slow pace yesterday, with most shares tending lower. Volume was low, with covering activities making up the bulk of the turnover. The Business Times and Straits Times Industrial indices were both fractionally lower at 263.50 and 252.14184 words
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Article118 1976-12-29 1 Falls Most active K. Sldlm $3.56 -.12 Haw Par 95 000 M. Banking K. Lanjut $6 35 $1.95 -.10 Inchcape 90.000 -.09 Central Sugars 72,000 Slme Darby $3 44 -06 Slme Darbv AO non S. Trading UO.L. Boustead $5.15 $1.13 $3.54 -.05 -.05 -.04 Total Turnover: 0.92118 words
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202 1976-12-29 1 UPI BRUSSELS, Tues The US dollar hit 19-month lows In Brussels* Amsterdam and Frankfurt today continuing the downward slide that followed President Ford's defeat In the US elections. The pound sterling strengthened In Zurich and Frankfurt. There were no quotations in London, where banksUPI - 202 words
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Article137 1976-12-29 1 AP LA PAZ (Bolivia), Tues Bolivia has announced that It will not ratify the Fifth International Tin Agreement unless consumer countries agree to pay higher prices for the metal. "We have to keep an Intransigent defence on raw material prices. By doing so we areAP - 137 words
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759 1976-12-29 1 JOHN TAN - By JOHN TAN THE local Iron and steel Industry, which Is mainly represented by National Iron and Steel Mills, appears poised for a period of expanded activity. It has recently completed a $44 million capacity expansion programme which has brought Its total759 words
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427 1976-12-29 1 FIRST official Indications show that Singapore's $100 million a year electronic calculator Industry Is being hurt badly by EEC Import duties Imposed last August. The severity of the export decline, revealed In the latest quarterly bulletin of the Monetary Authority of Singapore, Is expected to427 words
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299 1976-12-29 1 TOKYO, Tues. The president of Japan's most Influential business organisation said today Japan must work together with the United States and West Germany to play a central role In revitalising the world economy. Mr. Toshlo Doko, president of the Federation of Economic Organisations, told299 words
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Article202 1976-12-29 1 THE Ministry of Education appears to be having difficulty filling the $52,000 a year post of director of the Institute of Education. Its last advertisement (placed slightly more than a month ago) set a Dec 26 deadline for applicants. This has expired, and a repeat202 words
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Article67 1976-12-29 1 UPI TOKYO, Tues. Dampened by the drawn-out pace of the nation's economic recovery, Japanese business firms have become reluctant to have their stocks listed on the Tokyo Stock Exchange. Only eight new firms listed their stocks on the exchange this year, compared with 39 two years ago.UPI - 67 words
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183 1976-12-29 1 AP NEW YORK, Tues. Supermarkets in New York have put up signs announcing a coffee boycott, and restaurants are featuring specials on tea and other beverages. A protest against the rising cost of coffee was officially launched yesterday by the city's consumer affairs commissioner.AP - 183 words
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343 1976-12-29 1 THE new Kuala Lumpur Stock Exchange which opened ite doors on Monday has not got off to a flying ■tart. Share prices and trading volume have fallen on each of the first two days. The KLSE was set up to conform with the343 words
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356 1976-12-29 1 THE Whisky Distillers Association of Scotland has notified leading whisky importers in Singapore of Its Intention to raise the FOB price of the liquor by 20.24 per cent In three days' time. A letter to that effect was received by major importing firms356 words
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Article288 1976-12-29 1 KUALA LUMPUR, Tues. Dato Hormat Rafel, the Mentrl Besar of Selangor, says that his Government will have no objection If Charter Consolidated can afford to buy the Brooklands Estate in Kuala Langat for mining purposes, "provided It will not effect the land belonging to288 words
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Page 1 Advertisements
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Advertisement72 1976-12-29 1 Vl/UU ,|ffclnr With a Reputation tot Unrivalled Security and Fair Dealing over 131 years, Our Clients can be Assured... btfti Royal Insurance (Incorporated England > looks after you. Fast 18th Fir., Ocean Building, Collyer Quay, Singapore 1. Tel: ***** *****1. INSIDE Overseas newa/TV Radio Overseas news/Features Local Co news International72 words
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Advertisement53 1976-12-29 1 Meet Sony U-MaAie Color Videocassette Recorder/Player VQ-1810 M ITSASQNY W •Dual system: Displays both PAL and modified NTSC colour recording when combined with bothCVM-18lOE &VCMBIO. •Receives and records TV programmes off the air. •Fully Automatic, solid state circuitry. For further information please contact: Setran Electronics Pte Ltd 10, Dundee Road,53 words
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Advertisement157 1976-12-29 1 I Gas has got a flame o ew The desk that keeps your accounts up to dale and you out there earning If you're in business, imagine: Your accounts always up to date. Your invoices calculated and completed. Statements prepared. The payrolls done. Ledgers controlled. Stock records kept. All on157 words
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OVERSEAS
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362 1976-12-29 2 TEL AVTV, Tues. Foreign Minister Ylgal Allon says the lack of a majority In Parliament will not atop Israel's Labour-lpd coalition from moving toward a peace agreement with the Arabs. "Claims that the Government cannot make political decisions because It lacks a majority are Invalid," Mr.362 words
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Article370 1976-12-29 2 UPI BELGRADE, Tues. Yogoslavia accused the United States yesterday of trying to disrupt the unity of the nonallgned movement, stating the charges in a commentary that appeared a day after the US Ambassador ended his tour of duty in tfiis communist country. Yugoslav officials haveUPI - 370 words
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352 1976-12-29 2 Reuter TOKYO, Tues. Vice Minister of Finance for International Affairs Michlya Matsukawa said he Is concerned by the possibility of "Irritation" In the US over its trade deficit with Japan this year, expected to total about US$5 billion (3512.25 billion). In an interview withReuter - 352 words
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Article120 1976-12-29 2 Reuter TOKYO, Tues Japanese steel mills have agreed on a 10 to 15 per cent Increase for Chilean Iron ore prices to Japan in pricing negotiations here with Pacific Ores Trading, the Chilean ore shippers, Nippon Steel Corp said. It said this IsReuter - 120 words
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Article88 1976-12-29 2 AP SEOUL, Tues South Korean government officials, from Premier down, will receive pay raises averaging 32 per cent effective January, a government spokesman said today. South Korea's consumer prices rose about 12 per cent against a real economic growth estimated at 15 per cent this year.AP - 88 words
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Article251 1976-12-29 2 UPI MOSCOW, Tues. Approximately one third or the Soviet workforce is to receive salary increases averaging 18 per cent between now and the end of 1980, officials said yesterday. Tass news agency said the pay boosts ordered by authorities would affect 31 million workers, manyUPI - 251 words
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Article137 1976-12-29 2 Reuter CARACAS, Tues. The world's major oil exporting countries had a current account balance of payments surplus this year of US$4O billion (Ss9B billion) the Venezuelan Central Bank said yesterday. Tliis compared with a surplus of $3 billion for the major Western industrialised countries and a deficitReuter - 137 words
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212 1976-12-29 2 UPI AP TOKYO, Tues. Agriculture Minister Zenko Suzuki •aid recently he hoped to decide by Jan 10 whether to enlarge the quota for import of Australian beef for the six month period ending March SiMr. Suzuki made the statement during aUPI; AP - 212 words
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345 1976-12-29 2 Reuter ROME, Tues. Italy hopes to arrange currency deposits for Its reserves and finance for triangular trade deals with third countries In negotiations being held with its main oil suppliers, government sources said. Projects for threecornered trade deals are stillReuter - 345 words
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Article72 1976-12-29 2 Reuter BANGKOK, Tues Exports of raw sugar from Thailand fell In November to 85,820 tonnes from 106,829 In October, Board of Trade figures show. Japan took 36,535 tonnes, South Korea 23,202, Malaysia 15,082, and Syria 11.000. Total shipments in the first eleven months of last year roseReuter - 72 words
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Article398 1976-12-29 2 INTERNATIONAL oil circles are now in some confusion over Just how much Saudi Arabia will increase Its production by next year in order to keep the price rise of crude as low as possible. The New York Times reported yesterday that Saudi Arabia (the world's398 words
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Article178 1976-12-29 2 Reuter ST SIMON'S ISLAND, (OA.), Tues. Presidentelect Jimmy Carter said he Is encouraged by several signs of returning confidence In the economy, but prefers to wait until further Indicators are In before determining the size of an economic package to stimulate economic growth. Mr. CarterReuter - 178 words
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240 1976-12-29 2 Shah Why didn't Agnelli come to me? UPI MILAN, Tues. The Shah of Iran said In an Interview published yesterday that he could not understand why Mr. Giovanni Agnelli, President of Fiat, had accepted financing from Libya instead of fom his country. In an interview with the newspaper 11 Giornale.UPI - 240 words
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945 1976-12-29 2 NEW YORK: The West Asian and North African market for equipment and services for petrochemical and related capital Investments between 1975 and 1980 Is estimated at more than US$73 b*****n(*****9.9 billion) by Frost and Sullivan Inc. of New York. The market research945 words
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124 1976-12-29 2 Reuter TEHERAN, Tues Iran's budget expenditure will be 20 per cent lower next year than in the current budget ending March 20. But there will be a corresponding increase in development allocations, the government newspaper Rastakhiz said It gave no figures but saidReuter - 124 words
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Article41 1976-12-29 2 Reuter TOKYO, Tues Japan s November consumer price Index was unchanged at 112.4 (base 1975) from October when It rose 0.6 per cent from the preceding month, the Prime Minister's office said. The year-on-year increase was 9.1 per cent.Reuter - 41 words
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397 1976-12-29 3 UPI TOKYO, Tues. Prime Minister Takeo Fukuda will ask Parliament to carry out the long-stalled ratification of the Japan-Korea treaty on undersea oil and gas exploration, Tokyo political sources said today. The treaty, signed In January, 1974, calls for Japan andUPI - 397 words
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117 1976-12-29 3 AP WASHINGTON, Tues. The Philippines has obtained a US$95-milllon (Ss22B million) loan from the World Bank for highway construction and Improvement, It was announced yesterday. A bank announcement said the loan, for 20 years carrying Interest at 8.7 per cent per annum, willAP - 117 words
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Article, Illustration1399 1976-12-29 3 JOCHEN RUDOLF - ON LABOUR AND MANAGEMENT... By JOCHEN RUDOLF Financial Times PROTECTION against arbitrary dismissal, protection of expectant mothers, probably worker directors In the near future Britain is groping its way into a new field of labour relations and social policy. Many people seeFinancial Times - 1,399 words
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248 1976-12-29 3 AP HOUSTON, Tues Cheap Japanese steel Is being dumped on Houston-Gulf Coast markets, where about 1,000 workers have been laid off recently, the chairman of Armco Steel charged yesterday. Mr C William Verity Jr, meeting with some of the lald-off workers, saidAP - 248 words
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Article45 1976-12-29 3 Reuter HONGKONG, Tues. Vietnam has completed an 80-km railway linking Kep, about 70km North of Hanoi, and to Uong B1 In the coal mining province of Quang Nlnh, the Vietnam News Agency reported today. It said the railway was meant for transporting coal.Reuter - 45 words
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470 1976-12-29 3 NICOSIA, Tuesday AP EUROPEAN and Asian companies took billions of dollars worth of contracts away from American competitors in Saudi Arabia In 1970 and are expected to win more business next year, the English language dally Saudi Gazette says. Japan, West Germany,AP - 470 words
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114 1976-12-29 3 Reuter WASHINGTON, Tues. The Federal Open Market Committee, the panel that sets monetary policy, voted to ease the money reins slightly at its Nov 16 meeting, according to minutes of the meeting released here. Specifically, the panel agreed that until the next meeting ofReuter - 114 words
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107 1976-12-29 3 PHILADELPHIA. Tues. An econometric model released here projects world trade will (row by 6.5 per cent in 1977 following an estimated 8.5 per cent gain this year. The Wharton School "Project Link" study, coordinated by Prof Lawrence Klein, notes that the 1976 growth followed107 words
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Article171 1976-12-29 3 Reuter TEHERAN. Tues. The state-owned National Iranian Oil Company (NIOC) has told Its clients the price of Iranian crude will go up 10.4 per cent from next Saturday In keeping with the recent decision of the Organisation of Petroleum Exporting Countries ministerial conference In Qatar,Reuter - 171 words
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298 1976-12-29 3 AP WASHINGTON. Tues. United States Agriculture Department experts My that world demands for more livestock feed grain could trigger another boom in sorghum grain production, particularly if scientists are able to increase its yields. But corn is the favourite feed grain and isAP - 298 words
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317 1976-12-29 3 UPI TOKYO, Tues. Japanese creditors have agreed to allow hard-pressed North Korea to postpone for two years payment of US$2BO million (&5672 million) owed Japanese companies and trading houses, the Yomlurl newspaper said today. It said the agreement was reachedUPI - 317 words
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Article194 1976-12-29 3 Reuter THE HAGUE, Tues. The Economics Ministry announced a new set of price controls for 1977 which are to take effect on Jan 1. Basically the new measures planned on balance mean maintenance of the prices policy which has been in force for most of thisReuter - 194 words
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Page 2 Advertisements
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Advertisement627 1976-12-29 2 From January 1977 SINGAPORE BUSINESS is on sale. What, another business publication? No, not just another. In fact, we were here first and businessmen here still find they need Singapore Trade and Industry monthly to give them the depth, the essential facts and figures and the "inside dope" on what's627 words
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Page 2 Miscellaneous
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Miscellaneous314 1976-12-29 2 WEATHER report for 24 hours prior to 7.30 p.m. on Dec 28 at Singapore airport: Maximum temperature 26.3° C Associated humidity 93 Minimum temperature 23.3° C Associated humidity 98 Hours of sunshine Nil Rainfall in millimetres 60.8 Total rainfall for the month 227.5 Total rainy days for the month 14314 words
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Page 3 Advertisements
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Advertisement321 1976-12-29 3 Many cars offer some of the things a\foivo does. No car in die same class offers all the things aVblvo does. This sounds like quite a claim. But if you check this list against any other car of the same class, you'll find that we're not just making idle talk.321 words
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COMPANY NEWS
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277 1976-12-29 4 DESPITE a nil contribution from Its Thai division, Southern Klnta Consolidated managed to raise pre-tax profit by 64.8 per cent to £1.05 million for the first six months ended Sept 30, 1976. The hefty Increase Is due to the better tin price prevailing which277 words
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Article82 1976-12-29 4 UNITED Malacca Rubber Estates has raised Its Interim dividend by one point to six per cent for the year ending April 30, 1977. This dividend, Is payable on Jan 1. In Its announcement, the company says that the higher Interim dividend Is reflective of the better performance82 words
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Article62 1976-12-29 4 THE Stock Exchange of Singapore has asked Singapore Ceramics to furnish a copy of the deed of debenture under which its receivers and managers were appointed. Also, under the exchange's Corporate Disclosure Policy, the company has to supply the SES a copy of the statement of affairs drawn62 words
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Article441 1976-12-29 4 Current payment Ex Date Date payable Total for the year Total for previous year Bukit Katil 10%+ Dec. 8 Dec 28 10%+ 16% 12.5% 13% P.M. Holdings 7.5% Dec. 14 Dec. 29 7.5% Island A Pen. 7%+ Dec 7 Dec. 29 7%+ Metal Box Bbd. 5%+ Nov. 26441 words
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Article370 1976-12-29 4 CHEMICAL INDUSTRIES <FE) THE downtrend In earnings at Chemical Industries (Far East) has continued Into the current rear ending March 31, 1977. Contrary to Its expectations, pre-tax profit for the first six months ended Sept 30, 1976 slid 15.2 per cent to $1.10 million on a decline370 words
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LATEST RESULTS
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Article50 1976-12-29 4 KUALA KAMPAR TIN FIELDS Unaudited pretax profit M 5552,758 ($850,271) for the first halfyear ended Sept 30, 1976. Output of tin concentrate 2,289 plculs (4,285 piculs) while average Penang price per plcul Is $1,174 ($960). Tax $86,000 ($433,000) leaving after-tax profit of $466,578 ($417,271). Dividends declared $442,800 ($369,000).50 words
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Article70 1976-12-29 4 REFLECTING the buoyant condition prevailing In the rubber market, unaudited E re-tax profit at Ayer itam Planting Syndicate took a hefty 168 per cent Increase to M 5243,655 for the first half-year ended Sept 30, 1976. Although rubber production increased by only 6.35 per cent to 456,59170 words
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Article415 1976-12-29 4 LONDON. Tues. In the 53 weeks to Oct 2, 1976, turnover of Oranada Group expanded from €119.58 million to £169.88 million and pretax profits advanced from £14.24 million to a record £18.15 million, after £8.66 million, against £7.02 million, for the first 28 weeks.415 words
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COMPANY MEETINGS
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Article16 1976-12-29 4 Dec 30, 12 noon, The Regent of Kuala Lumpur Hotel, Kuala Lumpur.16 words
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16 1976-12-29 4 Dec 30, 12 noon. Registered Office, 16 Jalan Tangsl, Kuala Lumpur.16 words
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Article16 1976-12-29 4 Dec 31, 9.30 a.m., Registered Offlce.no. 45 Spottlswoode Park Road, Singapore 2.16 words
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Article19 1976-12-29 4 Dec 31, 12 noon, at the Hotel Merlin, 2 Jalan Sultan Ismail, Kuala Lumpur.19 words
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25 1976-12-29 4 THE following company meetings are due: Dec 29, 9.30 a.m., Registered Office, Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur.25 words
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Article19 1976-12-29 4 Dec 29, 11 a.m. Conference Room, 14th Floor, Bangunan Hong Leong, 117 Jalan Bandar, Kuala Lumpur.19 words
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1988 1976-12-29 4 TAKESHI P. ITOH - JAPANESE STOCK MARKETS By TAKESHI P. ITOH Finan clal Times BY any quantitative yardstick Japanese stocks appear over-valued to Western eyes. The average price-to-net-assets ratio remains above 2:1. The priceearnings ratio is a relatively < high 22 on average, and the yieldFinan clal Times - 1,988 words
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Article1184 1976-12-29 4 On December 27 PRICES on the Chicago Board Options Exchange moved higher on Monday as gainers topped losers, 430 to 72. Volume approximated 81,492 contracts. OPTION JAN APL JLY STOCK Alcoa 45 12 NOL NOL 56 3/4 Alcoa SO 6 1/4 8 1/6 8 56 3/4 Alcoa1,184 words
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266 1976-12-29 4 MR. Saw Eng Lock has been appointed the new managing director of Allied Malayan Development (AMD) following the resignation of Mr. Goh Ewe Lit. This was announced by the company In a letter to the Kuala Lumpur Stock Exchange. It says that Mr. Ooh266 words
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Page 4 Advertisements
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Advertisement442 1976-12-29 4 Ybu have only one face make the best of it. Advice from Business Times. If your corporate face isn t as good as it could be Business Times can help change it for the better. Few people place their trust in a total stranger. This has to be one of442 words
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INTERNATIONAL COMPANY NEWS
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598 1976-12-29 5 Reuter J}EW YORK, Tues. One of the ways to make the year end corporate balance sheet look more attractive Is to reduce inventories as far as possible. It Is for this reason that the steel industry suddenly found itself in September with ordersReuter - 598 words
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727 1976-12-29 5 FT BIDDING under £5 million for an investment trust when a group has pre-tax profit of £33.6 million and a balance sheet total of £435.6 million may look an Irrelevance. In the case of Trafalgar House Investments the deal may look especially oddFT - 727 words
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Article624 1976-12-29 5 FT WELLINGTON, Tues One of the most complicated legal battles in New Zealand's corporate financial history is looming following the collapse of Securltibank a merchant banking group whose major shareholders include a number of UK interests. The top twenty shareholders in Securltibank, whichFT - 624 words
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Article191 1976-12-29 5 Reuter TOKYO, Tues. Nomura Securities has unofficially approached the Finance Ministry with a plan for Its US subsidiary to acquire a stake in a new securities company to be set up by H.C. Walnwright, a New York securities firm, ministry sources said. The planReuter - 191 words
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Article152 1976-12-29 5 Reuter PARIS, Tues. The Paris Stockbrokers Association said the decision on what type of unified cash-only market to accept for the Paris bourse will only be made after some weeks, even though it was originally planned for end-1976. It said in a statement the problems posedReuter - 152 words
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Article141 1976-12-29 5 Reuter PROVIDENCE, Tues. Amtel said Its Litwln subsidiary, together with the French Government and private engineering companies, negotiated an agreement under which France will supply the Soviet Union with two petrochemical complexes and purchase refined products from the Soviets. The complexes will be designed by UOP andReuter - 141 words
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Article1029 1976-12-29 5 FOREIGN CORPORATIONS IN JAPAN FT TOKYO, Tues. About 5,000 foreign corporations and Joint ventures are now operating in Japan. And an Increasing number of new entries are expected next year as a result of the election result. It was under the Liberal Democratic Party's aegis thatFT - 1,029 words
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Article366 1976-12-29 5 LONDON, Tues. Though sales were higher at £31.15 million against £25.41 million for the first half at Giltspur operating profit was down 10 per cent and pretax profit was adversely affected by losses at its German Expo subsidiary. For the six months to Sept 30. 1976,366 words
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Article75 1976-12-29 5 FRANKFURT, Tues. General Motors Corp unit Adam Opel produced a record 919,840 vehicles in 1976 against 657,540 In 1975, managing board chairman James Waters said In a statement. Exports represented 47.4 per cent (45.1 per cent) and Opel's share of total European car registrations rose to 9.5 per75 words
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Article244 1976-12-29 5 STOCKHOLM. Tues. SKF the Swedish bearings, steel and machine tools group, plans to start new investment projects costing Kr .525 million next year. The investments cover roughly a three-year period and represent a decline in the SKF investment rate compared with the Kr.630 million in new244 words
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457 1976-12-29 5 FT LONDON. Tues. After exceptional provision for bad and doubtful debts and other provisions amounting to £6 million and exchange rate adjustments on existing provisions of £0.7 million., merchant bankers Keyser Ullman Holdings incurred a pre-tax loss of £6.13 million In the half yearFT - 457 words
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Briefly
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Article70 1976-12-29 5 NEW YORK, Tues. An International Business Machines spokesman said in response to an inquiry that a published report saying the company may split its stock in January is simply speculation. He said the company would not comment on any possible actions by its board. The published70 words
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Article48 1976-12-29 5 TOKYO, Tues. After-tax profit at Fuji Photo Film rose to 10.06 billion yen from 6.05 billion yen in the year ended Oct 31. 1976. Sales rose to 226.71 billion yen from 192.13 billion yen previously. Despite the profit Jump, Fuji is holding the dividend at 7.5 yen.48 words
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Article77 1976-12-29 5 TOKYO. Tues. The Turkish Electricity Authority signed a contract here with a Japanese bank syndicate led by the semi-official Export-Import Bank of Japan to borrow 14.6 billion yen, the bank said. The money will be used as a buyer's credit to finance Turkey's purchase of four sets of turbine-generators77 words
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Article50 1976-12-29 5 PALO ALTO. Calif, Tues. Hewlett-Packard said it has begun marketing a new series of small computers ranging in price from US$B,5OO to $26,000 The company said the prices are about 12 per cent higher than comparable MSerles models. It said the new computers are designated the HP 21MX-E series.50 words
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Article55 1976-12-29 5 MONTREAL, Tues.. Hydro Quebec said it completed three private placements for a total of 300 million Swiss francs. The Provincial Crown Corporation said the notes bear 5 3/8 per cent interest and mature on Dec 23, 1981. Proceeds will be added to general funds and used to finance55 words
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Article88 1976-12-29 5 SANTA ANA. (Calif). Tues. A superior couri Ju<ifce sel January 31 as the date for the hearing of Mobil Corp's bid to buy the Irvine Co despite pleas by the James Irvine Foundation U> have it set not later than January 15. The foundation Is the Irvine Co's majority88 words
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Article69 1976-12-29 5 WASHINGTON, Tues. The Federal Reserve Board said it approved revisions to regulations covering reporting by bank holding companies. The changes are designed to permit closer supervision by the Fed as well as speed up receipt ol data on the financial condition of the holding companies and their banks.69 words
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Page 5 Advertisements
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Advertisement128 1976-12-29 5 The hot drink prauider *1 VUAAacca 1t How Drinkmaster provides staff or visitors with hot, freshly-made drinks without delay or trouble and at very low cost I You buy your Drinkmaster outright at very low cost. Rug into electricity supply. No plumbing required. Just fill with water. f 9 Select128 words
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Article2007 1976-12-29 6 SECTION ONE INDUSTRIALS 1976 High Low Company Last Sale +orGr'i div Div c'vr Gr't y'ld Net P/E Vol (••00) Day High Low 175* 206 100 237 186 402 204 248 460 137 135* 172 60 185 66 254 149 172 394 39 Acma Alcom Allied Choc Bata2,007 words
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Article1267 1976-12-29 6 BID and offer prices officially listed and buslneu In and reported to the Stock 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 Board1,267 words
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Article1220 1976-12-29 6 BID and otter prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. INDUSTRIALS A una (1 348). A|in*m*t* ll.MB). Alc*m <2 208* AMI. Held1,220 words
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Article140 1976-12-29 6 SINGAPORE UNIT TRUST (Manager* price* for Dec 29) INCOME BOND UNIT (Current price*) INCOME BOND 1 08 1.14 The Saving Fund 0.96 1.01 8'port Prog. Fund 0.10 0.85 S'pore Security Fund 1.29 l.M S'pore In ve«t Fund ..1.04 1.10 MARA BUMIPUTRA FUND (Managers' price* for Dec 29) ASIA140 words
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Article154 1976-12-29 6 B O T 8 1/2% 1981 (100,000) (103'<.8 103SS) D B S 8 I/Tit 1982 (100.000) (99**B 100*«S) DBS Converts 6 1/2% 1991 (100.000) (98"«B 99 "iS) E I B 9% 1982 (100,000) (102HB 103*«S) E I B 8 1/4% 1983 (100.000) (100B 100SS) I B J154 words
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Article109 1976-12-29 6 5 1/2% IS/4/78 (1,000.000) (101 538 101.635) 5 1/4% 15/7/78 (1,000.000) (101 308 101.375) 7% 1/7/79 (1.000.000) (104 808 104.905) 5 1/4% 15/10/79 (1,000.000) (100.708 100 85S) 6 3/4% 15/6/80 (1.000.000) (102 958 103.055) 6 3/4% 1/12/80 (1.000.000) (102.958) 5% T F 15/4/81 (1,000,000) (101 358 101109 words
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Page 6 Advertisements
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Advertisement118 1976-12-29 6 mnooosm. MM with mm PUBUCATim HOMt SWIMS DIVISION WOLSEY HALL COURSES b' T- A*~ 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 Practice118 words
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Article515 1976-12-29 7 THE Stock Exchange of Singapore continued to rule quiet in routine trading yesterday when moat prices tended lower for want of follow-through support. After the recent rise, prices appeared to be consolidating while the big investors and institutions were still keeping away from the market. An515 words
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Article466 1976-12-29 7 TRADING on the Kuala Lumpur Stock Exchange yesterday remained subdued with prices mildly eroded at the close. An early attempt to rally in line with the bouyant overnight Wall Street market proved too feeble. Buyers were noticeably withdrawn in the afternoon session causing prices to drift lower466 words
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Article95 1976-12-29 7 Reuter ZURICH, Tues. Undersubscription of the Jutland Telephone loan on the Swiss capital market does not signal a capital market turnround but reflects special circumstances, bond market sources said. Schweizerische Bankgesellschaft earlier said the 60 million franc 5'2 per cent 15-year loan floated by the Danish company wasReuter - 95 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1223 1976-12-29 7 NEW YORK: A strong post Christmas rally on Monday carried the stock market to Its best gain In several weeks. Some analysts said that historically the final week of the year often brings In last minute restructuring of portfolios by Institutional investors and early new year reinvestment demand.1,223 words
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Article333 1976-12-29 7 PARIS: The market closed steady In quiet trading on Monday with very small deals sufficient to move prices, dealers said. Sentiment was helped by a smaller trade deficit in November compared with October's were generally well maintained. Radiotechnique and Cit-Alcatel firmed In electiicals but LMT eased Americans. Dutch and333 words
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Article305 1976-12-29 7 TORONTO: Banks.industrlal mines, western oils, and refiners paced a broadly advancing Toronto market at the close of light trading on Monday. Gaining issues outnumbered losers by a three to one margin. Among the major changes. Dome Pete climbed 1 1/2 to 40 1/2. Alcan gained 7/8 to 23 3/4,305 words
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Article251 1976-12-29 7 ZURICH: The bourse was higher, on Monday with a revival of buying interest BankKeaelUchaft and Clba-Geigy showed the biggest advances. Other rises Included Kreditanstant, Bally Bearer and Oerllkon Buehrle among financl&ls. Helvetia and Winterthur Bearer among insurances and Sandra Hearer and Hero among industrials. Dollar stocks firmed slightly while251 words
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Article303 1976-12-29 7 AMSTERDAM: Bhares were quietly mixed on Monday with mostly small losses predominating In Dutch tnternationals. Hoogoven* lost some ground on Its plan to cut output. Unilever gained somewhat. Insurances were unchanged except for very firm Nationale Nederlanden. Shippings rose slightly while major banks were about steady. Declines were led303 words
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Article271 1976-12-29 7 FRANKFURT. Prices were mixed to higher in desultory post holiday trading dealers said on Monday. Autos rose up to 1.20 irarks of investor optimism about next year's Industry prospects Linde rose 4.50 marks In engineerings while Demag was one mark higher. Leading steels, chemicals and electncals were little changed271 words
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Article196 1976-12-29 7 MILAN: The market closed irregularly lower on Monday, partly responding to the government decision to halve the current seven per cent surcharge on foreign exchange payments prior to Its abolition on Feb 14. dealers said. Pirelli E C and Pirelli Spa Initially led the market higher but proflttaklng cut196 words
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Article547 1976-12-29 7 TOKYO: The final session of the year on Tuesday rose to a 41 month high In active trading on growing expectations of market strength In the new year, dealers said. The Dow Jones average rose 17.16 to close at 4.900.85 with volume 300 million shares. The New Index closed547 words
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Article438 1976-12-29 7 HONGKONG: The market closed lower on Tuesday lack of buying interest and some profit taking in thin, dull post-holi-day trading, dealers said. Prices opened firmer following the rise on Wall Street overnight but turned down from mld-mornlng, with overseas support absent due to the closure of the London market438 words
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Article105 1976-12-29 7 DEC Peso i Acoje Mining .015 unch Atlas Con A 30 75 -05 Atlas Con B 31 00 -0.25 BaguioGold 0135 +0 0005 Benguet Con B BF Goodrich CDCP Inco B 0115 ♦0 0015 Lepanto B 1125 ♦0 005 Marlnduque B 7 80 unch Meralco 3 50 -0 1105 words
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Article82 1976-12-29 7 I»W 2* Bahts Asia Fibre 110 Bangkok Bank 241 Bangkok Invest 130 1 Bangkok-Metro-politan Bank Bata 3S9S Beril Jurker 156 Charoong Thai Wire 151 -I Dumex Dusit Thani Faber Merlin First Trust 140S uncti Indo-Thw J And J Ho 164 unch Jalaprathan Cement 78 ♦I Kara&suta 35S unch Let82 words
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Article24 1976-12-29 7 THE Johannesburg and Brussels stock markets were closed on Monday for Boxing Day. The Sydney Stock Exchange was also closed on Tuesday24 words
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Article89 1976-12-29 7 FINANCIAL TIMES INDUSTRIALS Monday Friday 343 4 Week ago 341.0 TINS Monday Closed Friday 128 44 Week ago 123.45 RUBBERS Monday Closed Friday 504 71 Week ago 483 40 OILS Monday Friday 416 38 Week ago 410.66 DOW JONES AVERAGE INDUSTRIALS Monday 996 09 Friday 985 62 Week ago89 words
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657 1976-12-29 7 FT STOCKHOLM, Tues. Statsforetag, the Swedish state holding company and the equivalent of Britain's NEB, Is currently expecting a heavier loss for 1976 than the Kr.200 million (£28.6 million) it anticipated in its eight-month report in October. It also expects the current poor businessFT - 657 words
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Article96 1976-12-29 7 Reuter MUNICH, Tues. Gross bond sales on the German capital market In 1976 were a record at around 80 billion marks, compared with last year's previous record of around 76 billion, Bayerlsche LandesbankGirozentrale said. Interest payments and redemptions of previous Issues totalled around 55 billion marks, orReuter - 96 words
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Article55 1976-12-29 7 THE HAGUE. Tues. The Dutch Finance Ministry said it accepted offers totalling 465 million guilders at 100.1 per cent for its B'/« per cent 20-year state loan. Subscriptions above the accepted price will be met In full, those at the accepted price will be met for 79 per cent55 words
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Page 7 Advertisements
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Advertisement97 1976-12-29 7 ccriipc a BRIGHTER FUTURE Enrol now with FEDERAL PUBLICATIONS Home Studies Division for the following FOULKS LYNCH Courses immediately for examination success write in for a free prospectus. FOULKS LYNCH Association of Certified Accountants Institute of Cost and Management Accountants Association of International Accountants institute of Taxation Institute of Accounting97 words
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COMMODITY REPORTS AND PRICES
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Article503 1976-12-29 8 THE Singapore rubber market eased, after opening about unchanged, following freer offerings of January and February and lack of buying support. Afternoon prices fell further on scattered selling of January. Turnover was moderate. Prices generally fell during the morning, with January RSS One buyers closing at 192.25 cents503 words
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Article112 1976-12-29 8 DAILY SSR and SMR prices at noon yesterday: •Inn Kefc R.A.S. (Current Mth) (For ward Mthl Buyer* Seller* Buyer* Seller* (cents pe rk«> (ce* its per kg) SSR 20 (1-ton Pallet) 183 00 184.00N 184.00 186.OON SSR 50 (1-ton Pallet) 180 50 181.50N 181 50 182.50N M.R.E.L.B.112 words
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Article197 1976-12-29 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk US sellers, old drum 100 sellers, new drum 195 sellers. Copra Mixed (loose) UK/Cont. (54 buyers. Pepper M unto It ASTA white f.o.b. 100% NLW $285 sellers. Sarawak white fob 96% NLW $280 sellers, Sarawak197 words
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Article76 1976-12-29 8 THE Straits tin price In Penang yesterday was up $9.62* to $1,259.62* per plcul on an official offering down 69 tonnes to 206 tonnes. In NEW YORK on Monday, physical Straits tin was quiet, but steady, following advices from Penang. Late In the day, dealers quoted grade A76 words
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Article198 1976-12-29 8 GOLD prices opened around New York's level with no Indication as to where prices were going. The London 6 rice stayed between *****.20/ 133.80 the whole day and only eased to $132.70/ 133.20 at the close In line with Its weakness In Hongkong. The kilo bar was quoted between198 words
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Article30 1976-12-29 8 Rubber: Dec 28 Singapore: Jan. 191.25 eta (down 2.75 etc.) Malaysia: Jan. 195.75 cU. (down 2.25 eta) Tin: $1,259.62* (up $9.62*) Official offering: 206 tonnes (down 69 tonnes)30 words
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Article116 1976-12-29 8 NEW YORK, Mon. Copper futures closed at the day's highs today, up 0.90 to 1.00 cent a lb. Volume was 2,736 lots including switching. The gain came on commission house and local buying, traders noted. With the London market closed until Wednesday, Dec 29. arbitrage pressure from abroad was116 words
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Article90 1976-12-29 8 NEW YORK, Mon. Sliver futures ended at the day's lows on scattered profit-ta-king from commission houses and local liquidation apparently reflecting evening up efforts due to the continued holdlay closing on Tuesday of the London silver market. Pinal prices were 1.10 to 1.60 cents net lower. Earlier, the market90 words
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Article119 1976-12-29 8 NEW YORK, Mon. World sugar futures finished 0.07 cent above Monday's seasonal low of 7.58 cents, basis the nearby March, on light trade buying. Final prices were 0.13 to 0.10 cent net lower on the small turnover of 2,778 contracts. The market sentiment was Influenced, in part, by Sucres119 words
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Article243 1976-12-29 8 NEW YORK. Mon. Coffee futures were a quiet affair this morning. The London terminal will be closed until Wednesday, Dec 29 and the green coffee was quiet. About 22S lots sold during the morning and prices were a little mixed. Spot March was down about 0.17 cent a lb243 words
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Article149 1976-12-29 8 CHICAGO, Mon Soybean futures closed with gains of 8V« to five cents a bushel on a moderate volume of trade. Prices advanced early on speculative buying, encouraged by last Thursday's late rally and the reported statement by Assistant Secretary of Agriculture, Richard Bell, that the USSR may buy more149 words
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Article151 1976-12-29 8 CHICAGO, Mon. Wheat futures held most of their early gains to close 6 1/4 to 5 3/4 cents a bushel higher on a fair volume of dealings. Last Thursday's late advance and the remarks by Assistant Secretary of Agriculture, Richard Bell, that the Soviet Union may buy more US151 words
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Article213 1976-12-29 8 BANGKOK, Tues. Indicative prices for rice quoted In Bangkok yesterday were: US dollars per tonne fob basis Bangkok White Rice: 100 per cent Ist class 290 100 per cent 2nd 275 100 per cent 3rd 270 5 per cent 258 10 per cent 237 15 per cent 234 20213 words
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MONEY AND EXCHANGES
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Article488 1976-12-29 8 RATES for the overnight funds In the Singapore domestic money market dropped to a low of 2* per cent, the lowest In the past two weeks. The market saw anxious unloading of funds Into the market during the early part of the morning forcing the rates to dip to488 words
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Article149 1976-12-29 8 Asian rates ASIAN currency deposit interbank rate* u at close on Dec 28 US Dollar* (Spot) Offer Bid 7 days 5 «/l« 5 7/16 1 mth S 1/18 4 15/18 2 mths 5 1/8 5 3 mths 5 a/ie 5 1/18 6 mths 5 7/ie S 5/16 9 mths 5149 words
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Article48 1976-12-29 8 Source: Ajtley Pearce RANGE of prices offered by dlscount houses on Dec 28 Overnight 3* Call deposit 2 to 3* Closing Buy Selling 3-Month Treasury bills 3 2 7/8 3-Month Bank bills 39/16 3 7/16 3-MonthsCD 311/16 39/16 6-Month 4 3/16 41/16 Source: National Discounts Co48 words
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Article31 1976-12-29 8 FRANKFURT exchanges quoted on Dec 28. US 2.3560/80 Can 2.3260/70 UK 3.995/4.001 Neth 95.60/75 Swltz 96.35/50 Italy 2.685/700 France 47.30/45 Norw 45.95/46.05 Belg con 6.535/555 Belg fin 6.540/560 Japan 0.8060/809031 words
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Article163 1976-12-29 8 NEW YORK, Mon. The dollar closed slightly easier against most major currencies In very light postholiday trading, dealers said. The closure of Canadian and most European centres and the year-end squaring of positions were the major factors in a rise In sterling to U551.6959/65 at the close here163 words
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Article181 1976-12-29 8 HONGKONG, Tues. The US dollar eased further to HK54.6980/7010 In late trading from $4.7000/30 around noon and $4.7150/80 on Friday, dealers said. The further drop In the US unit to a new 21-month low was due to lack of buying Interest and weakness on overseas markets In thin trading,181 words
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Article135 1976-12-29 8 TOKYO, Tues. The US dollar for overnight dellvery closed lower at 292.10 yen against 292.20 at the opening and 293.17 overnight, after declining to 292.00 at which point dealers said they believed the Bank of Japan bought a small amount of dollar. There was active selling of dollar export135 words
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Article40 1976-12-29 8 ZURICH exchanges quoted on Dec 27. US 2.4455/4470 UK unquoted Can 2.4105-4130 W. Germ 103.52-66 Neth 99.10-23 France 49.07-13 Belg unquoted Denm 42.24-29 Norw 47.12-17 Swed 59.12-18 Italy 0.2787-2800 Austria 14.57-60 Port 7.74-77 Spain 3.57Vi-58Vi Arg 0.85-1.00 Japan 0.83'/,-8440 words
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Article62 1976-12-29 8 Minimum lending rates (in ACBC 6** First Chicago .6^ Algemene Bank 6* Citibank 6^1 Bangkok Bank .7% HSBC 7 Bank of America 6V« Indosuez 6* Bank of China Malayan Banking 6*t Bank of Tokyo 6\ Mitsui Bank 6*1 Bank Negara OCBC 6*« Indonesia 7V. OUB 6 V Chartered Bank 662 words
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Page 8 Advertisements
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Advertisement618 1976-12-29 8 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who618 words
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TRANSPORT AND COMMUNICATIONS
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Article713 1976-12-29 9 LONDON, Tues. The British Government is on the verge of using taxpayers' money to stockpile Just about everything which is going to be in surplus for the foreseeable future. Last weekend over 1,000 workers at Marnathon, the oil rig construction company on Clydeslde, were suspended because713 words
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Article, Illustration963 1976-12-29 9 Swissair fighting currencies, costs LONDON, Tues. In a year in which airline results have been patchy, despite some recovery in traffic carried, Swissair has done better than most with a 127 per cent gross profits gain in the first six months of 1976. That was against a very depressed comparable963 words
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Article166 1976-12-29 9 AP TOKYO, Tues. The United States, Australia and Canada were the three biggest buyers of Japanmade colour TV sets in November, the Electronic Industries Association of Japan said today. Exports to the US In November totalled 282,000 units, up 149.2 per cent over aAP - 166 words
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Article, Illustration388 1976-12-29 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Adhlguna Karunla (PKKKG 1100 after Pontoon Llan Seng No. 3) 27/28 Barge Tal Chin (0700 alongside Klngsvllle) 31/32 Fortune Runner (1100 hauls 10m East after Centaur sails) 10/11 Golden Horse (1830 shifts after Chidambaram sails) 10/11 Kenlngau (0600 after Rajah Brooke) 21 Machaon388 words
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Article104 1976-12-29 9 Reuter BASRAH, (Iraq), Tues. Basrah Port administrative head Bourhan Addln Mustafa said Iraq has eliminated congestion In its main ports since mid-Sep-tember. This compared with the situation two years ago when there were queues of up to 90 ships which had to wait up to 100Reuter - 104 words
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Article553 1976-12-29 9 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE PAA PA841 0950 SFO/HNL/GUM CAL CI816 1000 HLP JAL JL712 1000 HLP SIA SQ211 1010 HLP CPA CX710 1030 HLP OIA GA980 1030 HLP THAI TG423 1035 BKK THAI TG981 1045 BKK OIA GA908 1100 MES553 words
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Page 9 Advertisements
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Advertisement307 1976-12-29 9 ice V i f ~tV .w &> w T -r CD 1 > > :v t f .-AThe three bosk needs and the three parts of BritonniaQ 3 1. To get at the facts'— often a single fact easily and quickly, without having to raad a long article in which307 words
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Article, Illustration1916 1976-12-29 10 LEE SOO ANN - By LEE SOO ANN ONE of the unsettling features of the world economic system today is the overhang of debt: How it is to be managed and put on a firmer footing will help give the answer as to how soon rapid economic growth1,916 words
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Article, Illustration707 1976-12-29 10 C.L. SULZBERGER - Carter and Giscard By C.L. SULZBERGER NYT FRENCH President Oiscard d'Esuing has Just written to United States President-elect Jimmy Carter strongly endorsing the idea of a Western summit meeting and suggesting that, under the rotation system of such conferences, the next should be held InNYT - 707 words
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Article469 1976-12-29 10 BERNARD BRENNER - By BERNARD BRENNER UPI AGRICULTURE Secretarydesignate Bob Bergland will be taking office In the first year of a five-year SovietAmerican grain agreement negotiated by the Ford Administration and says he views the deal as "good sense." Mr. Bergland said In a recent interview the CarterUPI - 469 words
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526 1976-12-29 10 JUAN DE ONIS - By JUAN DE ONIS NYT RAVENOUS field rats are consuming as much of this year's Venezuelan rice crop as will reach the table of consumers, according to farmers here. The assault by the hordes of rata in the irrigated rice fields belowNYT - 526 words
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696 1976-12-29 10 BRUCE MUNN - EastWest cold war the thing in UN By BRUCE MUNN UPI FOR two decades, the cold war confrontation between East and West dominated debates in the United Nations as It did most phases of international diplomacy. The axis of argument has swung now, and for the foreseeable future the richpoorUPI - 696 words
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Page 10 Advertisements
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Advertisement191 1976-12-29 10 r r MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin191 words
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Page 11 Advertisements
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Advertisement460 1976-12-29 11 How advertisers can mount a campaign aimed at businessmen Tk:tical information from Business Times ■r ujty x 'JB 3. Shotgun approach beware. Be careful about spreading your message across too many publications. This approach is called the shotgun approach. A secret: Research into readership indicates that readership of advertisements doesn't460 words
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Article, Illustration304 1976-12-29 12 AP BANGKOK, Tues. One of 1 Thailand's top foreign I policy experts yesterday < quoted intelligence reports t as saying the Soviet Union had built silos In Laos for i missiles that could be turned against China or "the south." i SpeakingAP - 304 words
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394 1976-12-29 12 KUALA LUMPUR, Tues. Datuk Hussein Onn who will make a four-day official visit to Libya from Jan. 16. Is expected to sign three bilateral agreements to promote closer co-operation between the two countries. The agreements are for trade, cultural, and economic, scientific and394 words
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Article219 1976-12-29 12 KUALA TRENOOANU, Tues. About 36,420 hectares of land In Besut have been neglected, and thousands of people there have left the district to find temporary Jobs in Singapore, since the Ms3B million Irrigation project at Plagat failed, a state assembly man said today. Enclk Jusoh219 words
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Article77 1976-12-29 12 KUALA LUMPUR. Tues. Malaysia is seeking an Asian Development Bank loan to help finance the Ms2oo- Kuala Llpis-Kuala Kerai highway which will stimulate economic growth in Kelantan and Pahang. The construction of the 225 km highway which Is expected to De carried out from at least77 words
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653 1976-12-29 12 RUSSIA WOULD HAVE BEEN INVOLVED UPI HONGKONG, Tues. The purge of the "gum of four" last October averted "a major civil war" In China in which the Soviet Union would have been Involved, according to Communist Party Chairman Hua KuoFeng. Mr. Hua calledUPI - 653 words
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Article237 1976-12-29 12 A NEW giant In the local general Insurance field will be created when QBE Insurance absorbs the policies and assets of Its associate company, Bankers and Traders Insurance, In two days' time. This Is the final step in a merger arising from the 1972 amalgamation237 words
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Article121 1976-12-29 12 SOVIET Deputy Foreign Minister, Mr N.P. Flryubln yesterday chatted for 30 minutes with Foreign Minister S. Rajaratnam at City Hall. After the talks, he told pressmen: "I am satisfied with my discussions with your Foreign Minister. I respect Mr Rajaratnam as the Foreign Minister of121 words
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508 1976-12-29 12 PARIS, Tues. Europe's largest electronics manufacturing company said yesterday one of its senior officials resigned because his name was mentioned as an Intermediary in an International conspiracy which defrauded Libya of US $15 million (5566.75 million). A communique from the Thomson-CSF (TCSF) company said508 words
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431 1976-12-29 12 Reuter UPI NEW YORK, Tues. The captain of the wrecked oil tanker Argo Merchant says the ship's gyroscope was not working properly when the Llberlan-reglstered vessel ran aground In the Atlantic near Nantucket Island 13 days ago. Capt Georglos Papadopoulos was answering questionsReuter; UPI - 431 words
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345 1976-12-29 12 FROM next Saturday, the name of Bain Dawes Pte Ltd will become one to note In the general insurance broking field in Singapore. On that day, a local company hitherto called Insurance Management Pte Ltd will change Its name to reflect Its345 words
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Article161 1976-12-29 12 KNUTSEN Line has ordered two multi-purpose semicontainer vessels from Kawasaki Heavy Industries of Japan, and has placed options for two similar vessels, in an effort to modernise its Orient/Western Australia service. These vessels have a deadweight capacity of about 20,000 tonnes and speeds of about 20161 words
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189 1976-12-29 12 TYRE manufacturers or their representative agents in Singapore do not foresee much of a sales Increase, If any, In 1077 because of a saturated market. Bridges tone, the sole local manufacturer, has a virtual monopoly of the market for heavy-duty tyres (for buses and189 words
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156 1976-12-29 12 PAYMENT of this year's NWC wage increase has reduced the competitiveness of several electronics manufacturers, some of whom were forced to increase their selling prices. This is according to the Association of Electronic Industries in Singapore (AEIS). which carried out a survey on 26156 words
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148 1976-12-29 12 AFTER a lapse of about 20 months since the fall of South Vietnam on April 30 1975, the Singapore business community with vested interests in that country is still uncertain over the position of its investments. According to a source in Intraco, which has148 words
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Article87 1976-12-29 12 WITH the closing of Its Telok Blangah branch and the opening of Its new branch In Henderson Road on Monday, the United Overseas Bank will have completed the resltlng of two older branches In better locations. The first relocation was made Just before Christmas87 words
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260 1976-12-29 12 Reuter JAKARTA, Tues Next year's oil price increases will not harm Indonesia's oil exports, a spokesman for the Indonesian delegation to the recent meeting of the Organisation of Petroleum Exporting Countries (Opec) said here today. The spokesman, Mr Adimir Adin, told reporters: "TheReuter - 260 words
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Article74 1976-12-29 12 Reuter CANBERRA, Tues European government officials are due for a visit here In the first half of next year for talks on broadening Australia's ties with European Economic Community countries, Foreign Affairs Minister Andrew Peacock disclosed today. The EEC-Australia talks, said Me. Peacock In an Interview with ReuterReuter - 74 words
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535 1976-12-29 12 LIKE other sectors of the Singapore economy, commercial banks here did not emerge entirely unscathed from the world recession. After a poor performance during the first half of 1075, they did, however, pick up In the second half. This535 words
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Article122 1976-12-29 12 A FOURTH Indian manufacturing company will begin operations in Singapore next year and three others are Interested. The newcomer is Enamelled Wire, which will begin production of magnetic copper winding wires for electrical motors late next year. The three already operating here' are Tata Precision122 words
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Advertisement90 1976-12-29 12 SEE PAGE 2 V OT A s?mmy W'U c: 12 n m > S* ST'W *£S SA\ <5214 v Vas E K H t> t »> I) k. Chivas Regal Scotland's prince of whiskies It's waited 12 years for you. Another fine product brought to you by h^.™. (private) ltd.90 words
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