The Business Times, 30 December 1976
1976-12-30
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The Business Times
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Title Section11 1976-12-30 1 BUSINESS TIMES M.C.(P) 1455/76 THURSDAY, DECEMBER 30, 1976 50 CENT* 111 words
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NEWS IN BRIEF
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Article83 1976-12-30 1 AP MOSCOW, Wed. Soviet President Nikolai Podgorny is expected to visit Zambia, Mozambique and Tanzania next March In an apparent attempt by the Kremlin to play a bigger role In southern Africa. The visit, although not officially announced, was reported today by African diplomatic sources InAP - 83 words
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Article68 1976-12-30 1 UPI TOKYO, Wed. Japan has told the Soviet Union that new Foreign Minister Ilchlro Hatoyama will not be ready to attend the regularly scheduled Japan-Soviet ministerial talks In Moscow in January. Relations between the two countries have been cool ever since the Japanese allowed American experts toUPI - 68 words
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Article63 1976-12-30 1 UPI JOHANNESBURG, Wed. Police said today at least 137 blacks died over the Christmas period In bloody battles between rival groups armed with spears, war clubs, guns and stones over widely scattered parts of the Republic. In Natal province on the east coast, police recovered 39 bodiesUPI - 63 words
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Article66 1976-12-30 1 UPI WASHINGTON, Wed. The US Government index of leading economic indicators which is supposed to foretell future economic trends increased 1 per cent in November, the strongest advance in five months, the Commerce Department said today. It was the second consecutive monthly increase, following three straightUPI - 66 words
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Article53 1976-12-30 1 Reuter LONDON, Wed. British shipbuilders today appealed for urgent government aid to prevent the industry's decline through lack of orders. Mr. John Wright, president of the National Association of Shipbuilders and Repairers, said Britain was now the only major European shipbuilding country without a survival policy forReuter - 53 words
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Article32 1976-12-30 1 Reuter COLOMBO, Wed. The 25-member coordination bureau of non-aligned countries will meet at finance minister level In New Delhi from March 25 to 28, a government spokesman said today. Reuter.Reuter - 32 words
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Article39 1976-12-30 1 AP BANGKOK, Wed. Thailand's antl-communlst Government, which came to power In a military coup on Oct 6, approved today visits here next year by a soccer team and a martial arts delegation from mainland China.—APAP - 39 words
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Article44 1976-12-30 1 UPI NEW YORK, Wed. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 999.58, down 0.50; 20 transp 234.92, up 0.58; 15 utlls 106.34, up 0.10; 65 stocks 322.79 up 0.15. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration182 1976-12-30 1 TRADING was light at the Stock Exchange of Singapore yesterday, with shares moving within narrow limits to end with marginal gains. Volatile issues, however, saw better gains. The Business Times index rose 3.24 points to 266.74 while the Straits Times Industrial average was up fractionally at 252.%.182 words
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Article110 1976-12-30 1 Rites Most active E.N.E. $2.95 +.10 Central Sugars 128,000 Sel Dredge 94.10 .10 Haw Par 102.000 Slme Darby 93.52 .08 Pan Electric 85,000 O.U.B. 93.56 .08 Slme Darby 82.000 Sanyo Boris M. Flour 9186 90.57 92 33 .08 +.05 1/2 .06 Total Turnover: 1.11 M Total Value:110 words
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Article, Illustration878 1976-12-30 1 JOHN TAN - 1976 year of solid growth for S'pore GDP 7pc HIGHER IN REAL TERMS Br JOHN TAN THE past 12 months have been very satisfactory for Singapore's economy, with all sectors characterised by solid growth, albeit at different rates. The Gross Domestic Product Is expected to be about seven per cent878 words
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Article, Illustration460 1976-12-30 1 SINGAPORE finance houses are still attracting only a relatively modest share of private savings deposits, despite competition on Interest rates, according to latest official figures. Their lending, too, conUnues to expand modestly, and the finance houses are having informal discussions with460 words
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Article258 1976-12-30 1 C Itoh Ataka merger pact Reuter TOKYO, Wed. c. Itoh and Ataka have reached basic agreement on a merger, to take effect from Oct. 1 next year. The agreement, contained in a memorandum signed by both firms today, called for preparations to begin Immediately, aimed at settling the terms ofReuter - 258 words
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Article74 1976-12-30 1 Reuter JAKARTA, Wed. Indoassis will officially aaaounco Iks new pries at its eU tomorrow Mining Minister Mohammed SadL said. The now pries will bs ia lias with the recent Opec decision*. Mr. Sadli said after talks with rrsslilinl Suharto. Indoaesia and It other OpeeReuter - 74 words
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Article106 1976-12-30 1 UPI BRUSSELS, Wed. The US dollar staged a slight recovery on most European markets today and the pound hit its best level since September In London. In London, where markets opened for the first time since Friday, the pound opened at U551.6075, compared with Friday's closeUPI - 106 words
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Article73 1976-12-30 1 ABOUT 86 companies were wound up at tne High Court this year, according to a source at the Official Receiver and Liquidator's office yesterday. This is nearly three times last year's figures of 36. Among these were the 11 companies of the Mosbert group following the collapse of73 words
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305 1976-12-30 1 HAW Par Brothers International said yesterday that it has sold its wholly-owned Thai subsidiary, Haw Par Merchant Finance (HPMF). HPMF, capitalised at 20 million baht (812.48 million), was sold to a Thai company Siam Vidhya and its associates for 20.7 million baht305 words
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Article21 1976-12-30 1 AP JAKARTA, Wed. President Suharto inaugurated Indonesia's biggest fertiliser factory today In the South Sumatra city of Palembang AP.AP - 21 words
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443 1976-12-30 1 SHIPYARDS in Singapore, faced with economic and political problems, will continue to be in a precarious position unless positive measures are taken. Such measures might include: government-to-government aid programmes; building off-the-shelf (or for stock); building for national fleets; barter deals; subsidised building443 words
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Article164 1976-12-30 1 Reuter BANGKOK, Wed. Air Slam, Thailand's private-ly-owned International airline, has decided to cease operation temporarily from Saturday, the airline's managing director, Vlvlth VlchitvatnaJcarn said today. He told a press conference the airline has faced financial problems since the Government announced more than a year agoReuter - 164 words
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Page 1 Advertisements
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Advertisement41 1976-12-30 1 Colour TV is simply great INSIOE Oversea* newt/TV Radio Overseas newt/Features Local Co newt International Co news Local stocks P6 P2 Overseas stocks P7 Commodities P8 P3 Transport A Pi Communications P9 Features PlO Local 6 Overseas P5 News Pl 241 words
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Advertisement42 1976-12-30 1 CS-2101^^* 12 digits. 1 memory Constant and complex calculations. Floating decimal. Sola Agents: F3| RCMCY (STORE) PTE. urn. RMn Tangtin Halt Road, Singapore 3. Tat: *****1. bSJ ROXT (aTSIA) SDN. BHDt Lot 16. Jalan 223. Section 14, Patallng Jaya, Satangor. Ta< 03-*****742 words
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Advertisement139 1976-12-30 1 WHISKY 100% SCOTCH WHISKIES Wended and bottled in Scotland under Government Supervision Imported by Cold Storage r NCD? ACBC makes it easy. When you require Negotiable Certificates of Deposit, you'll find it easy to talk to the people at ACBC. ACBC offers high interest rates on NCD's, for minimum deposits139 words
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OVERSEAS
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485 1976-12-30 2 UPI WASHINGTON, Wed. Despite a record and stillgrowing rice surplus, the Agriculture Department announced yesterday it has tentatively decided not to invoke acreage controls on the 1977 rice crop. Assistant Agriculture Secretary Richard Bell said In an Interview the decision wasUPI - 485 words
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Article120 1976-12-30 2 Reuter CAIRO, Wed. Lebanese Prime Minister Dr. Sellm Al-Hoss left for Libya today following a one-day visit to Egypt for talks on the situation in Lebanon and reconstruction of the warshattered country, the Middle East news agency said. Dr. Hoss held talks with President Anwar SadatReuter - 120 words
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Article251 1976-12-30 2 AP ST. SIMON'S ISLAND. (Georgia), Wed. Vice Pre-sident-elect Walter Mondale will have an unprecedented role as principal staff adviser to the White House, US President-elect Carter told his cabinet. Press Secretary Jody Powell said Mr. Carter has told White House staff members to consider Mr.AP - 251 words
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Article, Illustration46 1976-12-30 2 BEIRUT, Wed. Cargoes, seen at left, were the first to enter Beirut Port on Sunday after 19-months of cloture due to the civil war in Lebanon. Part of the burned and looted port U seen on the right. AP photo. AP photoAP photo - 46 words
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Article175 1976-12-30 2 Reuter NEW YORK, Wed. A caviar and champagne party aboard the Concorde on New Year's Eve for U554,850 (SS11.883) a passenger has attracted only one-third of the expected response and the promoters cannot understand why. The three-day trip to Paris was billed as "anReuter - 175 words
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257 1976-12-30 2 AP LONDON, Wed. North Sea oil production will make Britain energy selfsufficient on scnedule in 1080, according to a confident forecast by Energy Secretary Tony Benn. The report said that Mr. Benn "Is one of the few ministers who really has something toAP - 257 words
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Article51 1976-12-30 2 Reuter BRISTOL, Wed. An explosion demolished two four-storey office blocks and wrecked a restaurant here early today. Police said the cause of the blast near the centre of this Western England city was a mystery. They sealed off several streets but there was no Immediate word of casualties.Reuter - 51 words
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Article151 1976-12-30 2 AP ST. BIMONS IBLAND (Georgia) Wed. Dr. Harold Brown, US Defence Secretary-designate said yesterday that because of inflation, a reduction In the American military budget may not be achieved In 1977. "I don't think that we look for an absolute reduction of US$5 billion ($12.25AP - 151 words
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291 1976-12-30 2 AP WASHINGTON, Wed. For the second time this year, the US International Trade Commission has ruled unanimously that the American shoe industry is being seriously Injured by imports. The commission, In a 6-0 decision, said It would meet Jan 6 to recommend specificAP - 291 words
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Article49 1976-12-30 2 AP TOKYO, Wed. Warner Brothers Tokyo office said today It will terminate on Friday the showing of the film "Victory at Entebbe" In major Japanese cities because of poor attendance. The film opened less than a week ago at 68 cinemas In this country. AP.AP - 49 words
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703 1976-12-30 2 Reuter WASHINGTON, Wed. American Defence Secretary-designate Harold Brown seems likely to discard as unrealistic a nuclear weapons strategy hailed In Europe as a sign of U8 commitment to the continent's defence. Three years ago, then Defence Secretary James Schleslnger unveiled what heReuter - 703 words
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Article, Illustration376 1976-12-30 2 Reuter LONDON, Wed. British diplomat Ivor Richard leaves here today on a mission round southern Africa aimed at reviving the stalled Oeneva talks on Rhodesia. His tour will include a meeting with Rhodeslan Prime Minister lan Bmlth, a British Foreign Office spokesmanReuter - 376 words
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210 1976-12-30 2 AP TOKYO, Wed. In a yearend report, China's Hsinhua News Agency said today the economic situation In the Western world Is "dismal and depressing." A Peking broadcast monitored here said the worst economic crisis in 40 years hit "various major capitalist countries" atAP - 210 words
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Article62 1976-12-30 2 Reuter TOKYO, Wed Federation of Economic Organisations (Keldanren) president Toshlo Doko said the new government of Premier Takeo Fukuda should cut the official discount rate at an early date from the present 6.5 per cent. It should also formulate a "positive" fiscal 1877 budget with emphasis on publicReuter - 62 words
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Article, Illustration445 1976-12-30 3 HAMBURG, Wednesday Reuter SAUDI Arabia's oil minister, Sheikh Ahmed Zaki Yam&nl, said in an Interview released here that fears of a communist takeover in Italy or France figured In his country's decision to keep oil prices down. Sheikh YamanlReuter - 445 words
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258 1976-12-30 3 Reuter COLOGNE, Wed. West German Industry remains uncertain about Its prospects In 1977, with Individual sectors taking at best a cautiously optimistic view, the Cologne Economic Institute said. Exporting still entailed considerable risks and there is lack of certainty about the domestic market, the InstituteReuter - 258 words
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Article38 1976-12-30 3 Reuter WASHINGTON, Wed. American Imports of palm oil during November rose to 97,188,020 pounds, from 50,410,970 pounds the previous month, but fell from the 142,904,966 pounds imported in November, 1676, according to Census Bureau figures released.Reuter - 38 words
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Article344 1976-12-30 3 Reuter WASHINGTON, Wed. The United States appears set to finish the year with a US$5.5 billion (5513.2 billion trade deficit with the rest of the world In marked contrast with 1075 when an US$ll billion surplus was accumulated. Commerce Department statistics Issued yesterday showedReuter - 344 words
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Article150 1976-12-30 3 Reuter ROME, Wed. Italy's overall balance of payments moved Into a provisional 382 billion lire surplus In November from a deficit of 76 billion In October, the Bank of Italy said. The bank said the improvement was partly due to the return of Italian capital whichReuter - 150 words
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Article45 1976-12-30 3 Reuter BYDNEY, Wed. No managed shift In the value of the Australian dollar took place today, a Reserve Bank spokesman said. A rise In the dollar expressed In terms of the bank's US dollar mid-rate to 1.0809 from 1.0835 reflected market factors alone.Reuter - 45 words
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Article, Illustration290 1976-12-30 3 LIBBON. Wed. Porta|*r* minority socialist government won parliamentary approval of lit 1*77 budget and development ■Inn early todny after Coor days of debate. Pronator Mario Soaree bad threatened to reeign If tbe opposition parties joined to defeat tbe BUI*. It was tbe tongboot toot ooAP picture - 290 words
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193 1976-12-30 3 AP LOS ANGELES, Wed. Payment of about UBss -lilt-. (Ssl2 million) to attorney* and executors involved in administering the US$72O million estate of the late oil tycoon J. Paul Getty was approved yesterday by superior court judge Neil Lake. Two sons, Gordon Peter Getty andAP - 193 words
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466 1976-12-30 3 LISBON, Wednesday NYT UNLESS the United States promise of a US$3OO million (SS92O million) emergency loan Is fulfilled In January, Portugal's first constitutional government will have to Initiate a politically suicidal course of rationing, forced savings, drastically limited imports andNYT - 466 words
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485 1976-12-30 3 CARACAS, Wed. AP LATIN American oil Importers are expected to Snd nearly US$B billion 14.4 billion) to meet their petroleum needs next year following the recentlyapproved price hike, announced by the Organisation of Petroleum Exporting Countries (Opec). The Latin American country mostAP - 485 words
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Page 2 Advertisements
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Advertisement632 1976-12-30 2 SINGAPORE 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" on632 words
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Page 2 Miscellaneous
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Miscellaneous318 1976-12-30 2 WEATHER report for 24 hours prior to 7.30 p.m. Dec 29 at Singapore airport: Maximum temperature Associated humidity Minimum temperature Associated humidity Hours of sunshine Rainfall in millimetres Total rainfall for the month Total rainy days for the month SINGAPORE 5 3.00 P.M. Opening Announcements followed by Housewives' Matinee "Melody318 words
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Page 3 Advertisements
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Advertisement66 1976-12-30 3 Seagramfc V.O.Canadian. VWre something different. Don't expect V.O. to taste like Scotch. It isn't Scotch. V.O. Canadian is a little smoother and lighter than what you usually order. Once you order it, it just might become your usual. r >■ Another fine product brought to you by: rooa oeverage cprivataiitxL66 words
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Advertisement321 1976-12-30 3 It pays to increase your Media Power! \U If you're not advertising in the most popular magazine in Singapore and Malaysia ask your agency why. When you're selling family products. Reader's Digest is the magazine to advertise in. Because... big purchasing decisions are made by both men and women. One-third321 words
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COMPANY NEWS
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COMPANY MEETINGS
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Article19 1976-12-30 4 THE following company meetings are due: Dec 30, 12 noon, 70 Jalan Am pang, Kuala Lumpur.19 words
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Article16 1976-12-30 4 Dec 30, 12 noon, The Regent of Kuala Lumpur Hotel, Kuala Lumpur.16 words
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16 1976-12-30 4 Dec 30, 12 noon, Registered Office, 16 Jalan Tangsl, Kuala Lumpur.16 words
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Article14 1976-12-30 4 Dec 30. 11 a.m., Registered Office, 18 Jalan Tangsl, Kuala Lumpur.14 words
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Article12 1976-12-30 4 Dec 30, 11.30 a.m., 70 Jalan Ampang, Kuala Lumpur.12 words
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Article19 1976-12-30 4 Dec 31, 12 noon, at the Hotel Merlin, 2 Jalan Sultan Ismail, Kuala Lumpur.19 words
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Article16 1976-12-30 4 Dec 31, 9.30 a.m., Registered Offlce.no. 45 Spottiswoode Park Road, Singapore 2.16 words
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18 1976-12-30 4 Jan 18, 11.30 a.m., 4th Floor Bangunan MIDF 117, Jalan Ampang, Kuala Lumpur.18 words
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Article248 1976-12-30 4 DECLINING interest rate has eroded earnings at Alexandra Holdings. For the first half-year ended Sept 30, 1076, unaudited group pre-tax profit plunged by 30.8 per cent to $238,611 on the back of a 26.9 per cent decline In income to $285,056. In Its interim report, the248 words
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Article43 1976-12-30 4 UNITED Overseas Bank says It has purchased back U*****,000 worth of its US$3O million 6 1/2 per cent convertible bonds 1088 from the open market. This Information is revealed by the bank in a letter to the trustee, Chartered Bank(S) Trustee.43 words
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Article429 1976-12-30 4 Current Ex Date Total for Total for payment Date payable the year previous year Metal Box Bhd. 5%+ Nov. 28 Dec 31 5%+ 10% 9.75% I nc he ape Inchcape Loan 5*+ 4.875% Dec. 13 Dec. 13 Dec. 31 Dec 31 5%+ 9.75% H'tand A L*Iand 10%+ Dec.429 words
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LATEST RESULTS
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Article35 1976-12-30 4 SELANOOR DREDOINO Pre-tax profit M 56.89 million (fl.ol million) for the first six months ended Sept 30, 1970. Tin output 18,005 plculs (11,404 plculs) with average price realised per plcul at 1683.04 ($550.73).35 words
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Article33 1976-12-30 4 UNITED MALAYAN FLOUR MILLS Consolidated pre-tax profit Ms24B£Bl ($751,551) for the year ended July 31, 1076. Tax Of $206,500 ($64,000) leaving after-tax profit of $42,381 ($687,551). Declared payable $300,000 ($300,000).33 words
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Article29 1976-12-30 4 MALAYBI AN CONTAINERS Unaudited group pre-tax profit M 51.36 million ($1.09 million) for the first half-year ended Sept 30, 1976 on sales of $11.78 million ($11.69 million).29 words
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Article27 1976-12-30 4 SOUTH JOHORE AMALGAMATED Unaudited group pre-tax profit M 5250,477 ($127,844) for the first half-year ended Sept 30. 1976. Operating Income $2.8 million ($2 million).27 words
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Article103 1976-12-30 4 BOUSTEADCO Singapore has acquired 65,000 Msl shares of Boustead Holdings from Mr. J.H. Dalgllesh, a former director of the two companies. He retired from both appointments on May 31 this year. Announcing the acquisitions, Bousteadco says the shares were purchased at $3.20 which was the market price quoted103 words
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Article388 1976-12-30 4 THE current year ending March 31, 1977 may see India-Malaysia Textiles getting out of the red. For a half-time a definite Improvement was seen In the trading results of the company, with losses before depreciation being reduced to M 5167,000 from $619,000 last time. The reduction of388 words
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184 1976-12-30 4 SUPREME Corporation has asked the Kuala Lumpur Stock Exchange for an extension of the book closing date for Its proposed share issue to bumlputras and the rights and scrip issues. The reason given by the company Is that It has not yet received approval184 words
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Article92 1976-12-30 4 THE Kuala Lumpur Stock Exchange has asked Oriental Holdings for further details of its recent purchase of an additional stake In subsidiary North Malaya Engineers Trading. It would like to know the basis upon which the consideration of $200 paid per share for the 400 shares of $10092 words
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2370 1976-12-30 4 ROY LEVINE - By ROY LEVINE Financial Times THE coming British oil bonanza Is Increasingly reflected In the share prices of the companies that will take part in it: three of the top performing London equities in 1976 have been oil company shares.Financial Times - 2,370 words
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218 1976-12-30 4 AP WASHINGTON, Wed. The US State Department Is considering a plan to help Boeing keep secret the names of 18 overseas consultants suspected of funnellng large payoffs to foreign officials, the Wall Street Journal reports. A spokesman for the State Department declinedAP - 218 words
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Article843 1976-12-30 4 On December 28 PRICES on the Chicago Board Options Exchange moved higher on Tuesday, with a volume of 110,990 contracts, compared with 81,492 contracts on Monday. OPTION JAM APL JLY STOCK Alcoa 45 12 1/8 NOL NOL 51 1/8 Alcoa 50 1 UNTRD UNTRD 51 1/8 Alcoa843 words
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Article143 1976-12-30 4 MESSRS Charlie K.P. Phua and Chua Choo Lim have been promoted to regional directors of Intraco. Mr. Bey Lim Meng Ah has resigned as a director of South Johore Amalgamated Holdings with effect from Dec 23. Mr. Soger D. Kalkeefer has been appointed regional sales manager for143 words
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Page 4 Advertisements
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Advertisement490 1976-12-30 4 THE DEBT tjjT TRAP Afik how to SURVIVE THE SLUMP Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their490 words
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INTERNATIONAL COMPANY NEWS
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567 1976-12-30 5 The reasons behind GE Utah merger Reuter NEW YORK, Wed. General Electric corp management, like many others, has long bemoaned the fact that It is virtually Impossible these days for a company to protect itself from inflation, particularly in the natural resource area. This is the reasoning behind QE's acquisition,Reuter - 567 words
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Article808 1976-12-30 5 PETER KILBORN - By PETER KILBORN NYT NICHOLAS J. Cross runs a company here that makes a line of Inflatable objects, notably lifejackets and rubber rafts. He doesn't know how to go about making the one that he thinks the British economy could use today. So, like a number ofNYT - 808 words
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Article771 1976-12-30 5 NYT NEW YORK, Wed. A great resurgence in demand for natural products that will maintain body heat has lifted the down industry to a new high level. Demands for down-filled comforters, pillows, sleeping bags. Jackets, vests and other items is placing a strain on stocks ofNYT - 771 words
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Article731 1976-12-30 5 COMPANY SECRECIES INVADED FT PARIS. Wed. In a country where both tax collection and the regulation of company affairs have traditionally been fiercely resisted. the French Commission des Operations des Bourses (COB), the Gallic equivalent of the American Securities and Exchange Commission, is beginning to make itsFT - 731 words
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Article218 1976-12-30 5 Reuter STOCKHOLM, Wed. Sweden's Kemanord chemicals group made a takeover offer to the shareholders of the Swedish Match group, Svenska Taendsticks, after the Swedish Match board reScted the offer, a Swedish atch communique said. The communique, Issued after the breakdown of negotiations between the two groups,Reuter - 218 words
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Article53 1976-12-30 5 NEW YORK, Wed. Singer, in response to an inquiry, said It expects a slgnnlflcant profit growth In 1977 on an approximate eight per cent increase in revenue but did not give any figures. The company said it has a target of trying to resume quarterly dividends by the53 words
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Article157 1976-12-30 5 Reuter MILAN Wed. Ente Nazlonale per L'energia Elettrica (Enel) Is raising a further 240 billion lire through placement of bonds with banks In continuation of an operation started In September, an official of Mediobanca, the managing bank, said. The bonds have the same characteristicsReuter - 157 words
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138 1976-12-30 5 Reuter TACOMA, Wash., Wed. Weyerhaeuser, in a year end statement, predicted that earnings for the fourth quarter should exceed the record 55 US cents a share In 1973. In the fourth quarter a year ago. the company earned 28 cents a share. Weyerhaeuser made no forecastReuter - 138 words
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672 1976-12-30 5 NYT EVANSTON, Wyoming, Wed— The terrain here offers a variety of faces. A broad basin provides range for grazing cattle and a path for a state highway. To the west, gentle hills covered with scrub roll toward the horizon. Across the meadowNYT - 672 words
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Article620 1976-12-30 5 FT STOCKHOLM, Wed. A second Swedish steel and forest products conglomerate. Uddeholm, anticipating a heavier loss than forecast for 1976, has now published plans for retrenchment and recovery. Two weeks ago Stora Kopparberg, having reported a loss of Krls3 million for the first eight months, describedFT - 620 words
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Page 5 Advertisements
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Advertisement378 1976-12-30 5 He is the new chid in a new age. He needs the encyclopaedia for today. Britannka 3. m The child of today is more involved. KVSI More aware. And must learn 50% more than a child 20 years ago. That's precisely why yesterday's reference works can't really satisfy his needs.378 words
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Article1990 1976-12-30 6 SECTION ONE INDUSTRIALS Gr'» Gr't Net 1978 Companf^ Last div Div y'ld P/E Vol Dav High Low Safe +or- i c'vr C000> High Low 175* 133 Acma 133 -2 12.ON 1.1 9.0 6.7 3 134 133 206 172 Alcom 206 20.0 1.3 9.7 13.2 100 60 Allied1,990 words
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Article1242 1976-12-30 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets tn lots of 1000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett." Big Board1,242 words
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Article1300 1976-12-30 6 BID and offer prices officially listed and business, in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Acma (1) 1 36 Alinamata (189B) (1) 188 Aleam (2 1281,300 words
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Article149 1976-12-30 6 SINGAPORE UNIT TRUST (Mui(m prion for Dec 30) INCOME BOND UNIT (Current price*) 1.74 1.84 INfYlUr HflND 1 Mt 1 14 The 8avlng Fund 0.96 1.01 S pore Prof Fund 0.80 0.85 8'pore Security Fund 1.20 1 36 Spore Invest Fund 1.04 1.10 ASIA UNIT TRUST (Manager*' price*149 words
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Article157 1976-12-30 6 B O T 8 XlTk 1981 (100.000) (103HB 104'»S) D B S 8 \/2% 1982 (100,000) (99*iß lOO^S) DBS Converts 6 1/2% 1991 (100,000) (988 E I B 9% 1982 (100.000) (1038 104S) E I B 8 1/4% 1983 (100,000) (10OV 4 B loo^sxmoo 1 I B157 words
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Article107 1976-12-30 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 05S) 6 3/4% 1/12/80 (1,000,000) (102.958) 5% T F 15/4/81 (1.000,000) (101.358 101107 words
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Page 6 Advertisements
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Advertisement12 1976-12-30 6 I I 111 I I \f I B i 5 t UPENGUN12 words
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Article434 1976-12-30 7 SHARES moved within narrow limits tad finished aitly abend of their overt levels In light trading at the Stock Exchange of Singapore yesterday. Generally the market appeared poised for the new moath when the speculators will be expected to take advantage of settlement dealing. On the434 words
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Article434 1976-12-30 7 SOME last minute buying helped lift prices to close at best on the Kuala Lumpur Stock Exchange yesterday. The better sentiment could have been prompted by the piercing of the 1000mark on the Dow Jones Index on the overnight Wall Street market. snouio wail street434 words
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Article107 1976-12-30 7 Reuter PARIS, Wed. Regie Natlonale Des Uslnes Renault Sa said it is setting up a new subsidiary Renault Vehlcules Industrlels International to handle the commercial and Industrial activities of Its Berllet and Savlem truck divisions on International markets. The name of the subsidiary which groups BerlletReuter - 107 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1028 1976-12-30 7 NEW YORK: Wall Street's postChristmas rally carried Into Its second session as Investors snapped up blue chips and Issues with special news on Tuesday. Helping swell demand for securities was belief among Investors that US business conditions may be Improving, optimistic comments the past week by President-elect Jimmy1,028 words
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Article381 1976-12-30 7 PARIS: All sectors except banks were slightly higher on balance on Tuesday, helped by the Middle East economic survey report that Saudi Arabia will raise crude oil production In first quarter 1977, dealers said. Banks were Irregular. Paribai, which said Its net non-consoll-dated profit this year will be slightly381 words
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Article338 1976-12-30 7 TORONTO: Sharp gains among steels, mechandlsers and Industrial mines highlighted a broad advance on the Toronto mar-, ket at the close of moderate; trading on Tuesday. All major indices recorded rises, with Industrials up nearly 2K points. Falconbridge Nickel climbed lto to 35t0, Inco A rose to to 33t0,338 words
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Article282 1976-12-30 7 ZURICH: The market firmed over a broad front on good demand on Tuesday, following the New York raJly. Major banks rose, led by bearer shares of Bankgesellschaft and Bankvereln. Financials attracted active support Including Elektrowatt, Buehrle Registered, Presse-Finanz, Suedelektra and Pirelli. Insurances followed the general trend. Leading industrials turned282 words
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Article290 1976-12-30 7 AMSTERDAM: Shares rose over a broad front on Tuesday. Philips led rises In Dutch Internationals. Hoogovens lost some further ground and Akso finished unchanged. VMF led Isolated losses on 1U report 1976 will show a loss. Stateloans were mixed with an easier undertone. DEC FlS Ahold 85 80 -0.2290 words
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Article443 1976-12-30 7 SYDNEY: Oil stocks met sustained buying support on Wednesday, in otherwise subdued and thin trading, dealers said. The Sydney All-Ordinaries rose 0.93 point to close at 431.43 They said last week's agreement between the 10 producing companies of the Cooper Basin project was favourably received by the market. Santo*,443 words
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Article233 1976-12-30 7 FRANKFURT: Shares closed mostly up to two marks higher, but trading was fairly quiet on Tuesday, market sources said BMW gained 3.50 marks. BBC added 5.50 and Siemens 1.50 while In stores Kaufhof gained four and Karatadt six. Public bond prices ranged were mixed, ranging from gains of 0.15233 words
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Article378 1976-12-30 7 JOHANNESBURG: Gold shares were traded very quietly on Tuesday due to the London closure and prices tended to drift, dealers said. Heavy-weights were moderately active and mixed with P Brand earning 10 cents to 1,510 and W HohU dropping 25 cents to 2,300. Lightweight and medium stocks showed small378 words
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Article153 1976-12-30 7 MILAN: Stocks were easier In somewhat thinner dealing on Tuesday, bourse sources said. Anic, Bastogi and Montedison were among leading industrials to firm, but Fiat, both Pirellis, both Olivetti* and Snia Viacosa all eased. Aaaicurazioni General! and Generate Immobiliare were also lower, as was Unidal, which has Informed unions153 words
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Article80 1976-12-30 7 DM Bahts Asia Fibre 1106 unch Bangkok Bank 239 -2 Bangkok Invest Bangkok Metro•olltan Bank Bata 359S unch Berll Jucker 156 unch Charoong Thai Wire ISO -I Dumex Duslt Thanl Faber Merlin First Trust Indo-Thal J AndJ Ho 185 Jalaprathan Cement 77 Karnasuta LeeKwangMln Meta! Box 4 85S Rama80 words
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Article178 1976-12-30 7 BRUSSELS: Most shares rose but gains were generally small and volumes minimal, on Tuesday bourse sources said.. Sidro, Hotoofcsn, and Arbed all gained. Cockerill rose eight per cent from last Friday despite its forecast of a 1976 loss not much smaller than the 3.94 billion francs In 1975. Last178 words
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Article421 1976-12-30 7 HONQKONQ: The market closed steady to firmer In quiet and featureless trading on Wednesday, with some late buying counteracting morning easlneaa, dealers said. The Hang Seng Index roee 2.0 points to cloae at 439.99. Among blue chlpa Usegfcneg Bank and Jardtea Matkaaoa roee 10 cents each to $20.40 and421 words
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Article183 1976-12-30 7 MANILA: The market closed generally easier on lower turnover on Wednesday, with mines firm but commercials ana oils lower, dealers said Gainers Included Atlas Caa A and B. and Baguto G«U but be* B, Marin du que B. Phils* B, PMI Onmn. Oriental A. and BmfMi loet ground. Unchanged183 words
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Article84 1976-12-30 7 FINANCIAL TIMES INDUSTRIALS Tuesday Closed Monday Closed Week ago 337.8 TIN Tuesday Closed Monday Closed Week ago 126.59 RUBBERS Tuesday Closed Mondav Closed Week ago 488.07 OILS Tuesday Closed Monday Closed Week ago 410.61 DOW JONES AVERAGE INDUSTRIALS Tuesday 1000.08 Monday 996.09 Week ago 978.39 LONDON DOLLAR PREMIUM Tuesday84 words
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Article324 1976-12-30 7 Reuter SYDNEY, Wed. Poseidon's statement of affairs showed the company had an estimated realisable surplus of A 56.96 million as at October 19, receiver/ manager Mr. Noel Buckley told Reuters by telephone from Melbourne. He said the statement prepared by directors as at the dateReuter - 324 words
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Article90 1976-12-30 7 Reuter LONDON, Wed. Trades Union Congress general secretary Mr. Len Murray said he Is confident the dispute at the Rubery Owen motor components factory which employs 3,000 workers Is over. He told reporters after talks here the 60 striking electricians are likely to return to work onReuter - 90 words
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Advertisement350 1976-12-30 7 tsftja S3" 1 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar malam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, l. w entertaining in a wholesome way, highly educational J J fJI350 words
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COMMODITY REPORTS AND PRICES
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Article580 1976-12-30 8 AFTER an unchanged opening, prices In the Singapore rubber market yesterday tended to drift lower on offerings of April/ June and light liquidation. Towards the morning close, prices rose by about one cent on short-covering. Turnover was fair. The morning-session closed slightly higher with Jan RSS One buyers580 words
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Article104 1976-12-30 8 DAILY SSR and SMR prices at noon yesterday R.A.S. Dm. (Current Mth) Buyer* Seller* (cent* per kg) Jan. (Forward Mth) Buyer* Seller* (cent* per kg) SSR 20 (1-Ton Pallet) 182.00 183 OON 183.00 184.OON SSR 50 (1-Ton Pallet) 178.50 180.SON 180.50 181.50N M.R.E.L.B. SMR5CV SMRSL SMR 5104 words
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Article188 1976-12-30 8 THE Straits tin price In Penang yesterday was up $7.75 to $1,267.37* per plcul on an official offering up 49 tonnes to 255 tonnes. In LONDON, yesterday, Tin advanced by around £97 for cash and £52 for Three Months In standard. High grade roee by £97 and £50,188 words
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Article30 1976-12-30 8 Rubber; Dec 29 Singapore: Jan. 192.75 eta (up 1.50 eta.) Malaysia: Jan. 197.75 cU. (up 2.90 eta) Tin: 11,267.374 (up $7.75) Official offering: 255 to**" (up 49 tonnes)30 words
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Article300 1976-12-30 8 IN the Singapore gold market yesterday, the loco London gold was quoted at U*****.80/134.20 for most of the day with no Interest being shown In the metal ahead of the year-end. The London morning fix was U*****.20, up $1.15 on the previous fix. The Singapore Chinese Oold and Silver300 words
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Article218 1976-12-30 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil Bulk 185 sellers, old drum (90 sellers, new drum 185 sellers Copra: Mixed (loose) UK/Cont. *54 buyers. Pappar: Muntok ABTA white f o b. 100% NLW 1292' i sellers, Sarawak white r.o.b. 90% NLW 1278 V.218 words
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Article253 1976-12-30 8 LONDON Wed. Copper wlrebars gained £12 per tonne for cash and £13 for Three Months. The Initial advance on the pre-market reflected the trend at New York and Three Months traded up to £831 per tonne with small pockets of profit-taking and pricing sales emerging at the scale up.253 words
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Article117 1976-12-30 8 LONDON, Wed. silver finished 0.3 pence per troy ounce lower to 0.5 pence higher. This market appeared to present no new feature, dealers said. Prices were around pre-hollday closing levels with Three Months finally trading at 260.9 pence. Dealings were modest at 29 lots. In NEW YORK on Tuesday,117 words
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Article73 1976-12-30 8 LONDON, Wed. Zinc gained £1.50 per tonne for cash and £2.50 for Three Months. The early firmness on the pre-market was not maintained in the ring as modest covering, in sympathy with copper, was partly offset by profittaking and hedge selling. Three Months traded In the pre-market at £40673 words
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Article55 1976-12-30 8 LONDON, Wed. Lead rose £2 per tonne for cash and £2.50 for Three Months. Values moved In sympathy with copper and Three Months traded up to £304 per tonne on small scale covering before proflt-ta-kln shaded the price by £2. Stocks last week eased by 350 tonnes to 69,30055 words
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Article55 1976-12-30 8 KUALA LUMPUR, Wed. West Malaysian rubber Eroductlon declined further l October to 130,876 tonnes from 136,159 (revised) In September, and 131,177 In the year ago month, Statistics Department figures show. Exports In October rose to 158,459 tonnes (122,195 and 116.900) and imports also rose to 4,19055 words
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Article50 1976-12-30 8 LONDON, Wed. Stocks In London Metal Exchange official warehouses at the end of last week: (all In tonnes except sliver) Copper rose 4,800 to 599 800 Tin fell 475 to 5,410 Lead fell 350 to 69.300 Zinc fell 2,225 to 93,150 Sliver fell 320,000 to 28,270,000 troy ounces.50 words
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Article152 1976-12-30 8 CHICAGO, Tues. Soybean futures rallied again In late trading to finish around the day's highs with gains of seven to 2-1/2 cents a bushel. After Initial small gains failed to hold, prices slipped Just below Monday's close on profit-taking and speculative selling. But commercial buying helped provide support and152 words
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Article229 1976-12-30 8 LONDON, Wed. Terminal opened steady with prices £1.10 higher to unchanged from last Friday's close and sales totalled 211 lots. Dealers said the market was initially rather uncertain, taking Into account the opposing Influences of a steady New York market and steadier sterling. In actuals a French house confirmed229 words
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Article103 1976-12-30 8 BANGKOK Wed. No significant developments were reported in the rice market during the week with overseas buyers still adopting a wait-and-see attitude, trade sources said. Traders said they expected Nigeria would become an Important buyer of Thai Rice, as during December it bought about 20,000 tonnes103 words
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MONEY AND EXCHANGES
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Article500 1976-12-30 8 INTEREST In term deposits in the Singapore domestic money market was sustained for the second successive day. This was generally attributed to dealers' attempts to "window dress" their books to show an Increase In banks' assets and liabilities for the year-end accounts and also to tide over the seasonal500 words
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Article145 1976-12-30 8 Asian rates ASIAN currency deposit interbank rate* u at cloae on Dec. 29 US Doiltri (Spet) Offer BM 7 dajn 5 5/16 5 3/16 1 mth 41k 4S imtlu 6 4% 3 mth* t 1/16 415/16 6 mth* 57/16 5 V16 mth* 59/16 5 7/16 12 mth* 511/16 5 9/16145 words
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Article51 1976-12-30 8 RANOE of prtcet offered by discount houae* on Dec 28 Orernlght X to 3% Call deposit 2 to J* Closing Boy Selling 3-Month TreMurer UUi 2 7/B 3-Month Bulk Milt 3 5/6 1 1/1 3-Month CD 3 3/4 JM 8-Month CD 4 3/16 4 1/16 Source: National Discount51 words
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Article67 1976-12-30 8 THE Monetary Authority of Singapore (MAB) Invites banks and discount houses to tender for: (a) $30 million 91-day Treasury Bills to be issued from Jan. 3 to Jan. 7, 1977.. (b) $20 million 182-day Treasury Bills to be Issued on Jan. 3, 1977. (c) $10 million 273-day67 words
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Article67 1976-12-30 8 Minimum lending rates (in ACBC 6\ First Chicago o* Algemene Bank 8% Citibank 6*. Bangkok Bank ..7% HSBC 7 Bank of America 8* Ir idosuez 0* Bank of China .714 V alayan Banking 6% Bank of Tokyo 6* V ltsul Bank 9% Bank Negara o CBC Indonesia 7% o UB67 words
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Article254 1976-12-30 8 LONDON, Tues. Very quiet conditions prevailed as currency markets re-opened after a day break, with the need to keep books squared for the year-end restraining activity, dealers said. Sterling traded at an early $1.*****90, a little below Monday night's New York close of $1.7000/15 but up from its late254 words
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Article173 1976-12-30 8 NEW YORK, Tues. The dollar closed mixed against major currencies In/quiet trading, regaining some ground from opening levels against the Swiss franc and mark but easing further against sterling and the French franc. US November trade figures had little effect on the market, dealers reported. Year-end covering, they173 words
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Article142 1976-12-30 8 HONGKONG, Wed. The US dollar closed two Hongkong cents lower at $4.6785/ 6810 although it recovered from Its mid-day $4.6760/ 80 and the early morning low of $4.6720/ 70 dealers said. They added the market was generally quiet with little business taking place so that small trades were easily142 words
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Article133 1976-12-30 8 TOKYO, Wed. The US dollar for overnight dellvery rallied sharply to 293.10 yen at the close, after having opened at 291.70 against 292.10 overnight. Dealers said they believed the bank of Japan bought an estimated US$4 million to $5 million around the opening level as the dollar came under133 words
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Article150 1976-12-30 8 Euro rates LONDON, Wed. The Friday dealing technicality made for an easier opening in periods, while a slightly bid tendency was noted in shorts, dealers said. Recent thin conditions continued ahead of the year-end with most operators squared ahead of the turn and reluctant to open new positions. Initial technical150 words
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Article39 1976-12-30 8 ZURICH exchanges quoted on Dec 28. US 2.4475-4485 UK 4.1530-1590 Can 2.4160-4180 W Germ 103.68-82 Neth 99.30-39 France 49.24-29 Belg Denm 42.36-41 Norw 47.27-33 Swed 59.37-41 Italy 0.2793-2799 Austria 14.61-63 Port 7.75-79 Spain 3.57-*-58tt Arg 0.83-^.-84V4 Japan 0.85-1.0039 words
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Article50 1976-12-30 8 AUSTRALIA/NZ exchanges quoted on Dec 29. Australia: Sterling 0.6429/6352 US dollar 1.0893/0845 Ninety day air mall buying rates: Sterling 0.8747 US dollars 1.1153 Ninety day forward buying rates: Sterling 0.6629 US dollars 1.0933 New Zealand: Sterling 0.5595/0.5564 US dollar 0.9545/0.9445 Ninety Day forwara rate: Sterling 0.6011 /US dollar 0.972350 words
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Article32 1976-12-30 8 FRANKFURT exchanges opening quotes on Dec 29 US 2.3565/85 Can 2.3280/3320 UK 4.005/020 Neth 95.75/90 Swltz 96.10/25 Italy 2.690/705 France 47.55/70 Norw 45.56/66 Belg con 6.550/565 Belg fin 6.584/601 Japan 0.8032/804732 words
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Article274 1976-12-30 8 LONDON, Tues. Straight dollar bonds firmed strongly on heavy buying from the continent, dealers said. On average, prices firmed Vi point and by between K and Ift points in places. Dealers felt some shortcovering and re-lnvest-ment of funds might have helped to push prices higher. Among convertibles, US274 words
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Article211 1976-12-30 8 LONDON, Wed. The terminal opened around £60 lower, with March traded at £2,760. But values declined sharply during the opening call to record losses of £115 In some positions before recovering slightly by endcall. Values were £70 to £107, down from Dec 24 closing levels with 1,234 lots traded211 words
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Article134 1976-12-30 8 CHICAGO, Tues. Wheat futures came back from small losses to finish the session at or near the day's highs with gains of two to 1/2 cents a bushel. A carryover of speculative buying from Monday's advance brought small initial gains, but loss of upward momentum and a downturn In134 words
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Article215 1976-12-30 8 BANGKOK, Wed. Indicative prices for rice quoted in Bangkok yesterday were: U8 dollars per tonne fob basis Bangkok White Rice: 100 per cent Ist clau 290 100 per cent 2nd 275 100 per cent 3rd 270 5 per cent 258 10 per cent 237 IS per cent 234 20215 words
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Page 8 Advertisements
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Advertisement471 1976-12-30 8 4? mM M "I 5 i3 3 ''"»«»M, te llmse- *y?i j? if -iix-r^ *I^lB > t— if I 55 H IflßSßtfiU'-fc L_LEi-4-t- •1 I -1 ->1 ■< „|L .i %f| t i '•'i'm,'./"' THE GREAT BOOKS OF WESTERN CIVILIZATION L "i ;«s i~s ir. <" < i» > '/CO/v471 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration887 1976-12-30 9 A. DOROZYNSKI - As fuel prices keep on climbing, the International Research Centre in Ottawa has been taking a closer look at new possibilities for one of man's greatest inventions the bicycle. By A. DOROZYNSKI Financial Times OTTAWA, Wed. What living creature uses the least energy to transport itself fromFinancial Times - 887 words
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Article, Illustration415 1976-12-30 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Fortune Runner (0530 hauls 10m East after Centaur sails) 10/11 Golden Eastern (1500 after Sumber Tunas V) 22 Golden Horse (0530 hauls after Turkmenlya sails) 6/7 Karakorum (after Fortune Runner sails) 10/11 Kim Ann (2300 after Stolt Spirit) 15/16 Manoloeverett (2100 after Shlnkal415 words
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596 1976-12-30 9 WALLACE TURNER - By WALLACE TURNER NYT SAN FRANCISCO, Wed. The expected high cost of getting oil to market from Alaska's North Slope limits the prospects of huge profits for companies Involved In the venture, according to a study by the Federal Energy Administration.NYT - 596 words
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408 1976-12-30 9 UPI WASHINGTON, Wed. Citing "foreign policy reasons," President Ford has rejected a Civil Aeronautics Board decision mak* ing changes in the overseas routes of major US airlines. Mr. Ford's disapproval of the changes in overseas flights came in a letter datedUPI - 408 words
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Article40 1976-12-30 9 Reuter SYDNEY, Wed. The Australia/ Eastern US Shipping Conference and the Australia/ Eastern Canada container services said their freight rates will rise 22 per cent on Jan 17. The Increase Is for all cargo except frozen meat. Reuter.Reuter - 40 words
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Article556 1976-12-30 9 ARRIVALS Service Operator Number Local Time From OA SAS OA472 SK988 0200 0700 SYD/MEL HLP SIA CPA OIA OIA PAL SIA SIA OIA THAI OIA OIA MAS SQ211 CX710 OA 980 GA908 PR501 SQ201 SQ240 OA895 TQ413 OA982 OAM4 MH851 1010 1030 1030 1100 1115 1200 1205556 words
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Article114 1976-12-30 9 Reuter PARIS, Wed. French aviation tycoon Marcel Dassault has decided to sue the weekly newsmagazine Le Point for 100 million francs (about Ss4B million) In libel damages, the French radio reported. The libel action con- cerned a series of articles about former Dassault accountant Herve DeReuter - 114 words
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Page 9 Advertisements
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Advertisement163 1976-12-30 9 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding Hawaii)163 words
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Article, Illustration680 1976-12-30 10 C.L. SULZBERGER - By C.L. SULZBERGER NYT MRS. MARGARET Thatcher's idea of an excellent Christinas gift for busted, badgered and bewildered Britain is a Conservative government in the year 1977. Whether, of course, she is afforded the chance to make this present will depend on what use theNYT - 680 words
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Article, Illustration639 1976-12-30 10 MATTHEW KENNY - By MATTHEW KENNY UPI MONEY. oil, unemployment and land last year's principal concerns for Mexico again loom as the major challenges to this natlonfc stability and progress In 1977 under the new government of President Jose Lopez Portlllo. Mexico, beset by critical economic problems, seemsUPI - 639 words
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Article, Illustration833 1976-12-30 10 E. LEDERER - By E. LEDERER AP THE string of Caribbean Island struggling for economic survival and their own special place In the sun shifted slightly from left to centre during 1976 In a year marked by ferment, frustration and strained friendships. Seven elections producedAP - 833 words
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614 1976-12-30 10 P. HOFFMAN - By P. HOFFMAN NYT EVERY working day some American gets In touch with the United States embassy here to ask what the prospects are for doing business In Eastern Europe. Some of the callers are oldtlmers who want to compare notes withNYT - 614 words
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Page 10 Advertisements
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Advertisement634 1976-12-30 10 APPOINTMENTS GENERAL MANAGER SOUTH EAST ASIA Nc9oHobl« from 5535,000 p.o. plus up to 100% incentive bonus A world-recognised leader in sophisticated industrial valves seeks to begin marketing and manufacturing in South East Asia. Starting with a soles office in Singapore, the enterprise will grow progressively through warehousing, local parts assembly,634 words
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Page 11 Advertisements
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Advertisement460 1976-12-30 11 How advertisers can mount a campaign aimed at businessmen Tactical information from Business Times >» 1. Know what you are up against. If you want to advertise to businessmen you have to decide how to reach them. Here's what you are up against: 1. Direct Mail. There's nothing wrong with460 words
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348 1976-12-30 12 SINGAPORE manufacturers of electronic calculators appear to be sharply divided over the effects of EEC import duties Imposed on their products last August. While one leading manufacturer, Slngatronlcs, claimed that the effect on them was minimal, another, Unlco (part of the Wah Chang348 words
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184 1976-12-30 12 Reuter CANBERRA, Wed. Australia will Implement on Jan 1, or as soon as possible thereafter Most Favoured Nation (MFN) concessions on 47 tropical products to benefit developing countries, acting Minister for Overseas Trade, John Howard, announced. He said two forms of MFN concession are beingReuter - 184 words
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144 1976-12-30 12 Reuter NEW DELHI, Wed. The Soviet Union has offered to supply India with 5.5 million tonnes of crude oil over the next four years, the Indian Government announced here last night. An official government release said the offer involving a million tonnes In 1977Reuter - 144 words
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Article577 1976-12-30 12 LONDON, Wed. The stock market closed narrowly higher, with sentiment helped by stronger sterling and Wall Street's rally, dealers said. Seasonal influences kept turnover minimal. At 3 p.m., the Financial Times Index was up 2.4 at 345.8. OH shares were relatively active. BP equalled Its record 800p high577 words
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Article171 1976-12-30 12 KUALA LUMPUR, Wad. Mimii will try to pi the best price possible fer Malaysian erode following the Inctsasss agreed is by Opec earlier this month, Petrooas sources said tois still studying the Opec agreements before making its owa decision. An official said that the171 words
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Article78 1976-12-30 12 AP MANILA, Wed. Philippine President Marcos has authorised the allocation of 19.4 billion pesos (about 817.19 billion) to finance various public works projects for 1977, It was announced today. The projects Include transportation and communications, Irrigation, flood control and drainage, rural electrification, school buildingsAP - 78 words
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108 1976-12-30 12 Reuter KUWAIT, Wed. The Kuwait Government Is to guarantee a US$5OO million (551,225 million) loan to Spain which Is to be raised In Kuwait and other Arab countries, the newspaper Al-Ral Al-Aam said here today. Quoting authoritative sources, the newspaper said the loan wouldReuter - 108 words
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Article85 1976-12-30 12 KUALA LUMPUR, Wed. Soviet co-operation In the implementation of the Third Malaysia Plan was discussed when the visiting Soviet Deputy Foreign Minister, Mr. N. Flrubln, called on the Foreign Minister, Tunku Ahmad Rlthauddeen, this morning. "Details of possible areas of co-operation are for the two85 words
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Article36 1976-12-30 12 A SUIT for $319,470.17 was filed in the High Court yesterday by Mr. Tze Pakchiang (formerly trading as Pak Lee Jewellery) against Gems Fashion for goods allegedly delivered and sold to the defendants.36 words
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395 1976-12-30 12 AP BANGKOK, Wad. The Hollywood-made "Jaws" was by for the biggest hit en Thai nmu ia 1971, bat foreign-made moviae face a bleak fature aa the result of a massive import tax designed to protect the leoal movie industry. The newAP - 395 words
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567 1976-12-30 12 AT noon today, shareholders of Slme Darby Holdings Llmltad will rather in the 'Regent of Kuala Lumpur Hold for an extraordinary general meeting that will decide on the reconstruction of the board of directors. Probably with a simple show of hands, shareholders will567 words
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464 1976-12-30 12 KUALA LUMPUR, Wed. Malaysia is concerned about Bolivia's decision not to ratlfv the Fifth Agreement of the International Tin Council because the La Paz Government cannot accept the new price range fixed for the metal. The decision, it is feared, could endanger the whole464 words
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Article268 1976-12-30 12 Reuter BANGKOK, Wed. Thailand will try to persuade Bolivia to remain within the Fifth International Tin Agreement (ITA), Mr. Plsut Suthat na Ayudhya, director general of the natural resources department said. He Is confident a compromise would be possible to keep Bolivia In the agreement, and that Bolivia'sReuter - 268 words
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220 1976-12-30 12 UPI HONGKONG, Wed. A chemical fertilizer plant, which Chairman Mao Tsetung's widow once tried to have dismantled because It used Imported equipment, has gone Into production at China's biggest oil field, according to the New China News Agency (NCNA.). The Wolitun chemical fertilizerUPI - 220 words
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128 1976-12-30 12 Reuter HONGKONG, Wed. Hongkong's visible trade deficit narrowed to HK$94 million (Ss47 million) in November from a revised $215 million In October and a $189 million deficit in November 1975, provisional Census and Statistics Department figures show. Exports ana re-exports fell to $3.61Reuter - 128 words
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220 1976-12-30 12 AP SEOUL, Wed. Helped by record high exports, South Korea reduced Its perennial trade deficit sharply this year to US$6Ol million (about Sf 1,658 million) from last year's $1,838 million, the government announced today. Commerce and Industry Minister Mr. Chang YleJoonAP - 220 words
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Article113 1976-12-30 12 THE United Front plans to open four branches In the electoral divisions of Mountbatten, Brickworks, Bukit Ho Swee and Oeylang West, in an attempt to establish better ties with the constituents. The party already has a branch In Kampong Kembangan. The party's secretarygeneral, Mr.113 words
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Article68 1976-12-30 12 Reuter ST. SIMON'S ISLAND (Georgia), Wed. A number of Arab and Israeli leaders were expected to visit Washington in the first half of next year to discuss the Middle But, Secretary of State-designate Cyrus Vance said yesterday. He told reporters that President-elect Jimmy Carter's Incoming administrationReuter - 68 words
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Article65 1976-12-30 12 Reuter AMSTERDAM, Wed. Dutch industrial production rose between eight and nine per cent in the third quarter over the .same period last year when the recession was at its peak, the Dutch Central Bank said In its quarterly report. Industrial production roae sharply in September andReuter - 65 words
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220 1976-12-30 12 Asian mart records $7.5 bil growth in 10 months THE Alias Dollar market crew by US$3 billion (about 557.5 billion) to US$l5.9 billion in the first 10 month* of this year. On an annual basis, tbe market crew at a faster rate in 1976 tban tbe previous vear. It achieved220 words
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Article55 1976-12-30 12 Reuter MANILA, Wed. President Marcos said yesterday the scheduled visit to the Philippines next year of Indian President Fahkruddin All Ahmed would strengthen ties between their two countries. The Presidential Palace said the President made the statement while receiving the credentials of new Indian Ambassador toReuter - 55 words
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381 1976-12-30 12 MORE local staff are rising to the top ranks of management In Japanese firms In Singapore. In 1975, 168 local people were appointed directors, up 6.3 per cent over the previous year; 166 as executives in upper management, up 17.7381 words
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Article195 1976-12-30 12 AN air of mystery surrounds the departure of Mr. Llm Soo Peng from the board of Singapore Land. Mr. Llm, who has a finger In a number of businesses ranging from finance to the manufacture of chemicals, declined re-election to Singapore Land's board at the last195 words
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Page 12 Advertisements
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Advertisement353 1976-12-30 12 Good reading on II Pr r i from Penguin China the most populous nation in the world. Fast emerging as a major power in world politics. Isolated from the rest of the world for over two decades, world attention has nevertheless turned to this most enigmatic of nations time and353 words
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