The Business Times, 16 October 1976
1976-10-16
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The Business Times
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Title Section10 1976-10-16 1 BUSINESS TIMES M.C.(P) 1455/76 SATURDAY, OCTOBER 16, 1976 50 CENTS10 words
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NEWS SUMMARY
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Article83 1976-10-16 1 Reuter LONDON, Frl. Sterling reversed Its recent decline and gained one cent against the dollar on foreign exchange markets today. A sudden burst of buying was triggered by aggressive Intervention by the Bank of England In the forward sterling market. The technical Intervention by the Central BankReuter - 83 words
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Article68 1976-10-16 1 AP WASHINGTON, Frl. The US Justice Department is considering bringing criminal charges against 14 companies In connection with alleged corporate bribery abroad, a knowledgable department source said yesterday. "There are 14 different companies we are presently looking at from the point of view of potential criminal charges," theAP - 68 words
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Article65 1976-10-16 1 Reuter SINGAPORE, Frl. Vietnam said today that Thailand's new millUfry rulers, In stating that priority should be given to combatting communism, seemed to be seeking to revive the cold war In South-east Asia. Vietnam Radio repeated previous Vietnamese warnings that the military leaders in Bangkok mustReuter - 65 words
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Article36 1976-10-16 1 OSLO, Frl. The Nobel committee of the Norwegian Storting (parliament) has decided not to award the 1976. Nobel peace prize. The prize money will be reserved for 1977, the committee said today.36 words
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Article33 1976-10-16 1 KUALA LUMPUR, Frl. Singapore is one of the top five countries Investing In the manufacturing sector in Malaysia, said Datuk Jamil Jan, chairman of the Federal Industrial Development Authority.33 words
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Article34 1976-10-16 1 TOKYO, Frl. Both houses of parliament today approved a bill which allows the Government to issue national bonds worth 3,750 billion yen (5530.6 billion) to cover the 1976 fiscal deficits.34 words
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Article44 1976-10-16 1 UPI NEW YORK, Fri. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 931.68, down 4.24; 20 transp 204.09, down 0.78; 15 utils 97.07, down 0.32; 65 stocks 294.66, down 1.22 UPI.UPI - 44 words
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Chief Price Changes
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Article, Illustration244 1976-10-16 1 THE Singapore stock market yesterday closed lower in quiet selective trading which highlighted continued interest in Haw Par. News that three big British shareholders had sold a total of 9.25 million shares in the Singapore and Kuala Lumpur markets caused some nervous selling. The counter, however, rallied244 words
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Article110 1976-10-16 1 Foils Most active O.C.B.C. $8.00 .15 Haw Par 604,000 N.B.T. $3.14 .12 Central Sugars 190,000 Boustead $3.36 08 Pan Electric 143,000 Slme Darby $3 48 .08 Malayan Credit 106,000 U.O.B. $348 06 M. Banking $6.45 .05 Total Turnover 2.20 M C. Storage $3.16 .04 Total Value MS358M110 words
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1149 1976-10-16 1 CHO GETS 'INVESTIGATE' GUIDELINES THE directors of Far Eastern Hotels Development have acceded to the Stock Exchange of Singapore's order to appoint Ooh, Tan and Co., to investigate the company's affairs and not to act as their professional advisers. Their decision to comply with1,149 words
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Article107 1976-10-16 1 Reuter HONOLULU, Fri. Two businessmen filed a US$5O million (*****.5 million) damage suit in the US district court against Robert Fleming Inc, the US subsidiary of London-based Robert Fleming and Co investment house. Also named in the suit filed by Mr George Cannon, chairmanReuter - 107 words
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Article820 1976-10-16 1 HAW PAR Brothers International has lost no time in telexing Ivory and Slme (now revealed as the party behind the large volume sales of the counter in the market) to find out to whom it has sold its stake. The British investment group is requested to820 words
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465 1976-10-16 1 SUCCESSFUL bids for the Government's latest bond issue were announced by the Monetary Authority of Singapore yesterday and the official reaction is one of pleasure at the expertise displayed by the bidding Institutions. An MAS official said that for the three year bond (offered465 words
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Article153 1976-10-16 1 PEKING, Frl. Chairman Mao Tse-tung's widow, Chiang Chlng, and three other leftist leaders have been accused of plotting the assassination of Premier Hua Kuo-feng, according to a report circulating here. Reliable sources said today that some Chinese had been Informed that three people were killed In an153 words
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449 1976-10-16 1 MR. CHO Jock Kim and his board will appoint a second firm of accountants to provide the information and documents relating to the purchase of four logging vessels asked for by the Stock Exchange of Singapore since June 17. This was disclosed449 words
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Article103 1976-10-16 1 A PETITION to wind up Ben Shipping CD. Ltd. was withdrawn before Mr. Justice Kulasekaram in the High Court yesterday bv Mr. Jeffray Beh, on behalf of the petitioner, Mr. Sim Meng Sen on the ground that Mr. Sim had accepted plans by the company to settle its103 words
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301 1976-10-16 1 KUALA LUMPUR, Frl. Datuk Hussein Onn said today the Government welcomed the private sector, including foreign enterprises, to participate with Petronas In all aspects of the oil Industry. Such participation, however, must be consistent with the national petroleum industry policy, he added at the301 words
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Page 1 Advertisements
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Advertisement31 1976-10-16 1 f.>r i Hiir H< ,I St It t led <»< "r--it'-Cul Dum >nj- d \qui\il'. Jt ■it Mugmtu t-nl f.'ratt\»uin\hip l(\// CeylctiJeweUers It Stamford Rd.. »iii|Tinri 6. Tai: *****8/*****7. SEE PAGE 12 /!_^>]^{%:{[*}};<];/?>&]&{+]\_/31 words
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Advertisement87 1976-10-16 1 Braun Synchron Plus Braun's Synchron Plus. For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern of cutting holes and slots. Platinum-coated to give you a smoother87 words
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Advertisement91 1976-10-16 1 ;%|=^.)(!$*..@}:%*&])<}{!'|<}}) Qenfiddicb j\irdMaltlVhisky.: The 8-Dsar Old Scotch. n the heart of the Scottish Highlands, Glenfiddich is distilled in handbeaten pot stills. Then matured in oaken casks for eight years or more; until it is judged supremely smooth and mellow. Aye, it may cost little Wt But as you sip, B91 words
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MARKET ROUND-UP
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1284 1976-10-16 2 IVAN FALLON - In London •y IVAN FALLON LONDON, Frl. This week the stock market atmosphere In London has been dominated by the latest trade figures, showing the balance of trade in deficit by £365 million (551,478.25 million) and by the continued slide in sterling which shows1,284 words
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Article643 1976-10-16 2 THE resumption of trading In Haw Par shares provided the main highlight In a generally depressed Stock Exchange of Singapore this week. An old market favourite and a high-flyer of yesteryear, Haw Par met with heavy selling pressure right from the start on Monday when the share was relisted643 words
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Article476 1976-10-16 2 EXCEPT for Wednesday, share prices at the Kuala Lumpur Stock Exchange fell throughout this week. The relisting of Haw Par shares was no help to sentiment. In fact, it appeared to have added to the general gloom in the market and led the downtrend to end the week476 words
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512 1976-10-16 2 Reuter NEW YORK, Frl. The Federal Reserve Board is likely to maintain its recent slightly easier monetary stance despite the recent sharp gyrations in US money supply, money market economists said. Narrowly-defined money supply M-l rose US$4.0 billion (S$9.8 billion) in theReuter - 512 words
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Article87 1976-10-16 2 AP WASHINGTON, Fri. Fourteen nations, including communist countries, will meet in London next month to consider proposals by President Ford designed to check the spread of nuclear weapons, diplomats said vesterdav. At the centre of the Ford administration's proposal is a project to set up a nuclear fuel reprocessingAP - 87 words
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139 1976-10-16 2 RONALD LAM - RONALD LAM OTHER ANNOUNCEMENTS PACIFIC DEVELOPMENT CREDIT has proposed the sale of Its stake of 6.45 million Msl shares In the capital of Landbanq to Garden City Development at par and also the sale of Miami Beach property to Alshah Holdings for139 words
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510 1976-10-16 2 AP HOT SPRINGS (Virginia) Fri. The United States economy will grow by five per cent next year, but there will be only slight progress in reducing Inflation and unemployment, the Business Council predicted here today. The council's forecast said unemployment should drop toAP - 510 words
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Article126 1976-10-16 2 UPI NEW DELHI, Fri. The Indian Government will acquire all assets, control and operations In India of the private American oil company Caltex by the end of the year, officials announced today. Officials of the Indian Government and the company signed a memorandum of understanding spellingUPI - 126 words
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Article243 1976-10-16 2 NEW YORK, Fri. Malaysia's net official foreign exchange reserves amounted to M 55.7 billion as at the end of last month, the manager of the banking department of Bank Negara Malaysia, Mr. Chee Eng Tong told an Investment seminar here. He added that this represented243 words
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Article23 1976-10-16 2 Reuter. KINGSTON, Fri. The Jamaican Government and the governments of Norway, Denmark and Sweden have signed an air transport agreement. Reuter.Reuter. - 23 words
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Page 2 Advertisements
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Advertisement243 1976-10-16 2 You can bank on us -AJU& < v^rr-'.yvv for expert financial assistance When it comes to financing, Bank of America is right there on-the-spot to help you get your project going smoothly and swiftly in the best possible manner and in your best interest. We have the expertise based on243 words
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Page 2 Miscellaneous
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Miscellaneous316 1976-10-16 2 SINGAPORE 5 P.M. Opening Announcements followed by Sesame Street Saturday Matinee "A Touch Of Larceny" Starring: James Mason, Vera Miles, George Sanders Hazel "You Ain't Fully Dressed Without A Smile" (r) Debate For Tertiary Institutions 76 (Ist Semi-Final) (English) (r) Sandiwara A Malay dramai entitled "Gila Talak" (r) The Rookies316 words
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Page 3 Advertisements
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Advertisement247 1976-10-16 3 I I uf^in ar fQ w SKI I J f. £m 0 %Sim frai .J y* :■■>■ t'gmg. £|jjy i <" Eg IB^^a 111 Ml® gr lISII «Mp r» flteft %Hdmm We superfinishing, k-1 It ,->Vj NfSKflfife HnmRH TT .^c; v :WSk <■£*? ■r-K-I flltt. 'V'fch-* s§<®f^ ;V? J#£ >-'247 words
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COMPANY NEWS
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373 1976-10-16 4 WITH the transfer of control of the company from UK to Malaysia, the chairman of Kamunting Tin Dredging, Mr D. R. Mitchell, hopes that it will now be able to obtain additional tin leases. This shift which was effected through London Tin Corporation (which373 words
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Article390 1976-10-16 4 KAMPONG Lanjut Tin Dredging whose pre-tax profit for the year ended March 31, 1976, took a 79 per cent plunge to Just under M$1 million, appears to be heading for an even less fruitful period in the current year. The big fall in profit was largely the390 words
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Company meetings
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Article21 1976-10-16 4 THE following company meetings are due: Oct. 18, 9 a.m., Registered Office, 48 Spottiswoode Park Road, Singapore.21 words
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Article10 1976-10-16 4 Fraser Neave. Ltd.: Oct. 19, 11 a.m., Raffles Hotel, Singapore.10 words
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16 1976-10-16 4 The Temerloh Rubber Estates Bhd Oct. 23, noon. Registered Office, Chartered Bank Chambers, Beach Street, Penang.16 words
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Article11 1976-10-16 4 Oct. 28, noon, 45-47 Robinson Road, Singapore 1.11 words
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Article19 1976-10-16 4 Oct. 26, 10 a.m., Registered Office, Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur.19 words
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Article18 1976-10-16 4 Oct. 27, noon, U.N. Room, at the Hotel Regent, Jalan Imbi, Kuala Lumpur.18 words
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Article17 1976-10-16 4 Oct 27, 12.30 p.m.. Room 743, Hotel Merlin, Jalan Sultan Ismail, Kuala Lumpur.17 words
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22 1976-10-16 4 Oct. 28, 3 p.m., 4th Floor, Bangunan Yee Seng, No. 15, Jalan Raya Chulan, Kuala Lumpur.22 words
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Article18 1976-10-16 4 Oct. 29, 10.30 a.m., Registered Office, Wisma Mega, 2nd mile, Jalan Batu Tlga Lama. Kelang18 words
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21 1976-10-16 4 Oct. 30, noon, Registered Office, No. 22 (Upper Floor of No. 20), Jalan Gelanggong, Malacca.21 words
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Article19 1976-10-16 4 Oct. 30, noon, Registered Office, UOB Building No. 1 Bonham Street, Raffles Place, Singapore 1.19 words
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582 1976-10-16 4 HOPEFULLY for shareholders, Hytex may be able to shake Itself free of all Its troubles soon and get back on the profit trail. A major hindrance to Its recovery Is Its Malaysian associate company, Hypak, In Malacca. This trouble spot, however, Is582 words
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Article183 1976-10-16 4 SENTOSA Plywood Berhad announced the resignation of Mr. Kenneth Tan Kiat Lay from the Board of Directors with effect from Sept 30. Mr. Everett Worthington has been appointed project manager of the Dillingham Land Singapore Ridgewood Condominium Project. Other appointments Include Mr. Michael Lee as sales manager,183 words
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LATEST RESULTS
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Article42 1976-10-16 4 SINGAPURA BUILDING SOCIETY Net pre-tax profit of $4.89 million ($4.64 million) for the year ended June 30, 1976. First and final dividend 12 per cent (same). Mortgage assets $72.15 million ($62.20 million). Depreciation $45,486 ($34,558) and tax $1.97 million ($1.86 million).42 words
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Article61 1976-10-16 4 BATU LINTANG RUBBER Pre-tax profit of Msl.ll million ($825,618) for the year ended June 30, 1976. Gross proceeds $7.79 million ($5.78 million). Estates profit $961,660 ($560, 498) and other income $153,806 ($265,120). Tax was $870,000 ($825,000), leaving $745,466 ($500,618) before exceptional gains $72,492 ($68,577). Final dividend five per61 words
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Article71 1976-10-16 4 KUALA SIDIM RUBBER Pre-tax profit M 57.01 million ($7.87 million) for the year ended June 30, 1976, before replanting expenditure $587,650 ($399,457). Depreciation $376,923 ($138,940) and interest charges $111,429 ($130,976). Interest receivable $291,087 ($373,976). Tax takes $2.86 million ($3.64 million), leavings3.s7 million ($3.83 million) before extraordinary gains of71 words
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Article458 1976-10-16 4 Current Es Date ToUl for Total for payment Date payable the year previous year Dunlop Ind. 8% Sept. 8 Oct. 15 8% 22.5% Malayawata 10% TE Aug 30 Oct. 15 10% TE 10% TE Paper Prod. 7.5% Sept 21 Oct 15 7.5% 7.5% SEA Corp. 10% Sept. 15458 words
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872 1976-10-16 4 Financial Times LONDON, Fri. Basle has just been celebrating the centenary of its stock exchange. On July 1, 1876, the newly formed chamber of commerce and its bank section Inaugurated an openbldlng stock market in the Vintners' Guildhall thus pipping Zurich to the post, toFinancial Times - 872 words
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Article133 1976-10-16 4 Reuter NEW YORK, Fri. Net earnings at Reynolds Metals rose to U5522.77 million for the third quarter from $21.15 million previously. Revenue was $544 million against $442.9 million. The marginal gain raised its earnings per share to $1.27 ($1.18) for the quarter and to $3.11 ($1.59) for theReuter - 133 words
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Article103 1976-10-16 4 Reuter NEW YORK, Fri. The earnings increase at Burroughs has accelerated in the third quarter to 13.4 per cent compared with the 6.8 per cent at midterm. This pushed the ninemonth total up by 9.1 per cent to U*****.93 million on revenue up from $1,150 million toReuter - 103 words
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391 1976-10-16 4 Washington Star WASHINGTON, Thurs. A House Commerce Subcommittee ranking of the nine major Federal regulatory agencies places the Securities and Exchange Commission on top and the Federal Power Commission at the bottom. The Federal Power Commission takes the cellar position because of its overtWashington Star - 391 words
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Article101 1976-10-16 4 Reuter NEW YORK, Fri. For the first nine months of this year, net earnings at American Can rose 22.9 per cent to US$79.26 million, including a third quarter contribution of $34.94 million ($29 million). Third quarter sales were $852.5 million ($818.5 million), making a nineReuter - 101 words
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Article66 1976-10-16 4 Reuter MELBOURNE. Fri. Broken Hill Pty said it was the successful bidder for Peabody Coal, subject to Australian and US government approvals. It said Its A$81 million bid for the Australian subsidiary of Peabody Coal Co of the US was accepted by Peabody's parent, Kennecott Copper Co. PeabodyReuter - 66 words
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Article1003 1976-10-16 4 On October 14 OPTION OCT JAN APL STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Avon Avon Avon Avon Bank Am Bank Am Beth S BethS BethS BethS Cltlcp Cltlcp Cltlcp Dow Ch OowCh Dow Ch Dow Ch EasKd EasKd EasKd EasKd Exxon Exxon1,003 words
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Page 4 Advertisements
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Advertisement154 1976-10-16 4 s deal a trunk call an emergency... CAN YOU AFFORD TO MISS THIS CALL? I 4 I i h YOUR 24-HOUR ANSWERING SERVICE The ANSAFONE MARK 7 PLAYBACK is an indispensable innovation especially for offices which are at times left unmanned. All recorded messages can be played back even from154 words
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INTERNATIONAL COMPANY NEWS
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200 1976-10-16 5 Reuter ROTTERDAM, Fri. Robeco is maintaining the 1976 interim dividend at 7.40 guilder and plans to propose again a stock dividend chargeable to the share premium reserve payable next March. It has issued 810,000 new shares since January and total net assets rose by about 400Reuter - 200 words
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Article77 1976-10-16 5 Reuter HONG KONG, Fri. Jardine Matheson has acquired the whole of the issued share capital of Pickford Dawson and Holland, London insurance brokers. The company said a group subsidiary, Jardine Matheson Insurance Brokers (UK), has acquired Pickford Dawson, brokers at Lloyds. The new subsidiary will workReuter - 77 words
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Article38 1976-10-16 5 Reuter AUGSBURG. Fri. Maschinenfabrik Augs-burg-Nuernberg said its parent company turnover rose 21 per cent to 3.61 billion marks in the year to June 30. while group sales were 19 per cent higher at 5.95 billion. Reuter.Reuter - 38 words
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Briefly
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Article84 1976-10-16 5 NEW YORK. Fri. Kennecott Copper Corp said it will sell its Peabody Coal Corps US operations to a holding company owned by Newmont Mining Corp. Williams Companies. Bechtel Corp. Flour Corp and Equitable Life Assurance Society of the United States for US$l.2 billion. Newmont said it would own84 words
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Article62 1976-10-16 5 HONGKONG, Fri. City and Urban Properties has raised the interim dividend by five HK cents to 15 cents for the six months ended June 30. 1976. The company gave no interim profit figure but said it expects net profit for the whole of 1976 to total $34 million compared62 words
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Article80 1976-10-16 5 WASHINGTON. Fri. The Justice Department said it created a new task force, with Securities and Exchange Commission lawyers as active participants to probe allegations of illegal payoffs abroad by US corporations. Assistant attorney-ge-neral Mr. Richard Thornburgh, head of the Justice Department's criminal division, said the task force will operate80 words
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Article71 1976-10-16 5 SYDNEY, Fri. Wormald International said shareholders approved at an extraordinary general meeting a 2.5 million share private placement at US$2.BO each. The issue will lift paid capital to $20.5 million in $1 shares and will provide part of the funding for the agreed merger with Mather and Piatt. Wormald71 words
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Article95 1976-10-16 5 NEW YORK. Fri. North American Philips Corp has reported net earnings of U5514.26 million for the third quarter compared with $8.23 million previously. The 73 per cent rise in net earnings was achieved on the back of sales of $426.3 million against $353.5 million last time. This makes for95 words
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Article59 1976-10-16 5 TOKYO, Fri. Sanyo Electric said it will issue US$3O million in 10-year convertible bonds in the European and Arab capital markets on Nov 11. The bonds will be convertible after Dec 1 and will be priced at par, it said. Coupon rate is yet to be determined. Daiwa Europe59 words
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Article80 1976-10-16 5 NEW YORK, Fri. For the third quarter, Colgate-Pal-moiive enjoyed an 11.9 per cent increase in earnings to US$43.l million on a 4.6 per cent rise in sales to $884 million. This raised nine-month earnings to $111.3 million ($98.4 million) and sales to $2.63 billion ($2.48 billion), while earnings per80 words
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265 1976-10-16 5 Reuter LONDON, Fri. The UK Government and the British National Oil Corp reached agreement with the Occidental Group on basic terms for participation in the group's interests in the Piper and Claymore fields, the Energy Department said. BNOC will eventually have an option toReuter - 265 words
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Article214 1976-10-16 5 Reuter NEW YORK, Fri. Manufacturers Hanover Trust and Bankers Trust New York Corp have reported higher net third quarter earnings. However, this failed to pull their net earnings up over the nine months. Manufacturers Hanover suffered a three per cent setback while Bankers Trust slipped byReuter - 214 words
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Article158 1976-10-16 5 Reuter NEW YORK, Fri. Though its third quarter net earnings dipped 5.5 per cent to US$95 million, Xerox is optimistic that the full year figure will be moderately higher than 1975's $341.6 million or $4.29 a share. This is despite the continuing adverse effects of currencyReuter - 158 words
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293 1976-10-16 5 Reuter JOHANNESBURG. Fri. After-tax profits at Anglo American Corp of South Africa dropped from 40.6 million rand to 40.1 million rand for the third quarter ended Sept 30. 1976. The company reported that gold revenue rose to 136.1 million rand from 135.8 millionReuter - 293 words
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Article40 1976-10-16 5 SAN FRANCISCO, Fri. Shell Oil expects third quarter earnings to exceed last year's U552.36 a share and the full year's to top 1974's $9.21 a share, the president, Mr John S. Bookout, told reporters before an analysts' meeting.40 words
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Article175 1976-10-16 5 Reuter SYDNEY. Fri. CSR declined to comment on i Japanese sugar refiner association'! statement that it made another request for a cut in the fixed price of a five-year raw sugar contract. A company spokesman said CSR, Australia's sugar marketing agent, may make a statement after itReuter - 175 words
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228 1976-10-16 5 Reuter MELBOURNE, Thurs. Gold Mines of Kalgoorlie (Australia) (GMK) said It Instructed Capel Court Corp to seek offers for Its 6.13 million All Issued share capital. Capel Court, appointed advisers on GMK'S future In mid-September, recommended GMK either seek the offers or wind-up ifReuter - 228 words
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Article144 1976-10-16 5 Reuter NEW YORK, Fri. For the third quarter, net earnings at NCR Corp rose 58 per cent to U5525.05 million on revenue of $569.5 million compared with $521.6 million previously. This makes for an earnings per share of 96 cents against 66 cents for the quarter. However,Reuter - 144 words
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Article153 1976-10-16 5 Reuter PARIS, Fri. Prime Minister Raymond Barre said the recent sharp falls on the Paris bourse have been aggravated by the fact that certain English investors cramped by high domestic interest rates, had been forced to sell in order to meet their liquidity needs. HeReuter - 153 words
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284 1976-10-16 5 Reuter LONDON, Fri. Owens Illinois Inc will continue to Invest sufficient capital in United Glass of the UK to ensure it keeps pace with market growth, Owens Illinois president, Mr. Edwin Dodd, said. He told reporters no immediate Investment is anticipated and gaveReuter - 284 words
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Page 5 Advertisements
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Advertisement166 1976-10-16 5 BCS9O BCS 90 1 PROGRAMMABLE CONTROL UNIT V LLER TERMINAL IDATION/JOURNAL PRINTER BCS 90 BCS9O PASSBOOK/JOURNAL PRINTE ADMINISTRATIVE TERMINAL 1 BCS9O BCS9O 1 i 1 1 rT? ADMINISTRATIVE PR! CARDREAbER BUNKER RAMQ BCS9O BCS9O CUSILMM SECURITY KEYPAD BCS9O O 0 O o 0 AUTO TELLER SOFTWARE A Dataprep's System combines166 words
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Article1902 1976-10-16 6 SECTION ONE INDUSTRIALS 1976 High Low Company Last Sale +orGr'f div Div c'tt Gr's yw P/E Vol Day Hick Low 250 206 100 237 186 402 204 248 460 137 170 172 60 185 66 254 160 172 400 39 Acma Alcom Allied Choc Bata Ben Boustead1,902 words
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Article1308 1976-10-16 6 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the world "Bett Big Board1,308 words
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Article167 1976-10-16 6 SINGAPORE UNIT TRUST (Manager's price* for Oct 18) INCOME BOND UNIT (Current prices* The Commerce The 8a vlnf Fund 1.70 1.78 0 96 1.01 INCOME BOND 1.07 1.13 S pore Prog Fund 0 SO 0.85 xd MAKA Bl MIPITRA Fl'NTl 8'pore Security Fund 1 26 1.32 (Managers' pricea167 words
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Article187 1976-10-16 6 S'pore Govt 6 3/4% Taxable Loan No I With A I 1975/15 th June 1980 (1.000.000) (101 708 102.008) S'pore Govt 6 3/4% Taxable 2 With A I 1975/1 st Dec 102 058 0 000 C 01.758 S'pore Govt 5% Tax Free Loan No I With187 words
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Article1163 1976-10-16 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS A. Tim (0 438). A. CAM. (0.651B) (1) OSS. A.M. Da*1,163 words
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Page 6 Advertisements
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Advertisement199 1976-10-16 6 Contents' Part One The Tripartite Alliance Operation of the Laws The Low-Level Wage Problem Manufacturing in 1974 Guide to Industrial Training Part Two Employment Act Regulation of Employment Act National Servicemen (Employment) Act Employment Agencies Act Central Provident Fund Act Administration of Muslim Law (Amendment) Act Industrial Relations Act Trade199 words
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Article577 1976-10-16 7 HAW Par continued to highlight trading in a generally depressed Singapore stock market yesterday. Following the announcement that three big British shareholders had sold a total of 9.25 million Haw Par shares in the Singapore and Kuala Lumpur markets since the share was relisted on577 words
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Article395 1976-10-16 7 WEEKEND covering in the afternoon lifted share prices off their day's lows on the Kuala Lumpur Stock Exchange yesterday. With sentiment remaining poor, the market started off on a quiet and weak note. Thereafter, prices continued their downward drift. After the lunchbreak, however, prices firmed395 words
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Article90 1976-10-16 7 Reuter TOKOYO, Frl. Toyota Motor said Its vehicle exports in September rose 27 per cent to 92,062 units compared with September, 1975. The total Included 27,167 units to the US, 9,233 to Saudi Arabia, 7,634 to Australia and 3,402 to Canada, it said. Nissan Motor saidReuter - 90 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article823 1976-10-16 7 NEW YORK: A stiff hammering In the blue chips and glamours led a broad stock market retreat on Thursday, erasing nearly all of the big rise of the previous session. Some analysts, who had expected the market to extend yesterday's technical rally, were mystified by the steep decline823 words
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Article267 1976-10-16 7 AMSTERDAM: Shares recovered further on Thursday in line with Wall Street. The turnround on the falls of recent weeks appears technical, Bourse sources said. The session closed on a cautious note. Dutch International* firmed strongly. OCT 14 FIs Ahold 77.00 ♦2 Akzo 27 70 +08 A'gbank 276 00 ♦3.5267 words
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Article192 1976-10-16 7 FRANKFURT: Shares rote mostly up to three marks on Thursday, aided by the firmer tone on Wall Street and by both domestic and foreign buying, market sources said. OCT 14 Dm A EG 82.50 1.3 Akzo Allz Leben Allz Vers BASF 148.50 1 Bay H T Wbank Bay Vbank192 words
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Article240 1976-10-16 7 ZURICH: The Bourse was barely steady In quiet dealings on Thursday. Juvena bearer continued Its rise In more animated turnover following Its agreement with British American Cosmetics on the other hand. Rueckversicherung among insurances and Sandos bearer in the industrial sector showed the biggest declines. Elsewhere price changes were240 words
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Article333 1976-10-16 7 JOHANNESBURG: Golds traded generally steady at higher levels during the afternoon on Thursdav, following firmer overseas bullion indications. dealers said. OCT 14 Rand INDUSTRIALS A Alpha Abereom AEAndCI AMIC ATI 83 253 180 800 -1 ♦3 -7 -10 Bankor Barlows Cg Sugar CNA Currle Finance De Beers Ind Edcon333 words
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Article250 1976-10-16 7 TORONTO: Share prices moved sharply lower In light trading on the Toronto stock exchange on Thursday, In sympathy with the sharp fall registered In New York trading. The Industrial Index declined 1.79 to 176.88 more than erasing the 1.22 Increase recorded yesterday. Losers outpaced gainers by 217 to 131250 words
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Article338 1976-10-16 7 PARIS: The market was resistant In lively trading, on Thursday, with firm stand of Prime Minister Raymond Barre against a wealth tax and the entry as buyers of French institutions onto the market yesterday after Tuesday's heavy falls encouraging demand. This outweighed the negative Impact on sentiment of the338 words
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Article129 1976-10-16 7 BRUSSELS: Most foreign stocks rose and local issues were mixed on Thursday, following the rise on Wall Street, dealers said. The opening forward market index rose fractionally to 100.04, compared with 99.86 at yesterday's close. OCT 14 FT* FORWARD MARKET Acec 306 +2 Arbed 3440 140 Astur 1020 18129 words
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Article130 1976-10-16 7 MILAN: Stocks were firmer on Thursday, dealers said. Industrial and financial leaders which rose Included As- icuraiioni General, Fiat, Generate Immobiliare, Montedison, Olivetti and Pirelli. OCT 14 Lire Anlc 402 ♦I Assoc Gen ***** +450 Bastogl 905 ♦2 Centrale 7050 170 Flat 1403 +a Flnslder 234 unch Qen lmmob130 words
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Article12 1976-10-16 7 MANILA: The market was closed on Friday for a special holiday.12 words
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Article302 1976-10-16 7 HONGKONG Shareprlces on the Hong Kong Stock Exchange closed sharply lower In Increased trading on Friday. The Hang Seng index dropped 9.58 points to close at 380.26. The market opened on a weak note and heavy selling pressure forced share prices downward In the morning. Prices continue to drop302 words
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Article88 1976-10-16 7 OCT IS Bahts Asia Fibre 124 1 Bangkok Bank 234 Bangkok Invest. 141 ♦I Bangkok-Metro-politan Bank 2620S unch Bata 341 unch Berh Jucker 154 Charoong Thai Wire 144 1 Dumex Dusit Thani Faber Merlin First Trust Indo-Thal 185 J And J Ho 131 unch Jalaprathan Cement 72S unch Karnasuta88 words
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Article353 1976-10-16 7 SYDNEY: The market closed mixed on Friday, as sustained proflttaking pared most of the gains recorded yesterday, dealers said. The Sydney All-ordinaries fell 2.31 points to 439.50. BHP closed with a six cent loss at A 57.14, while Its rights lost eight at 53.02. OCT 15 Cents INDUSTRIALS A353 words
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Article330 1976-10-16 7 TOKYO, Fri. The market was barely steady but there were some good recovery In prices. The Dow Jones average dropped 6.28 points to 4,098.08 while the New Index was 0.19 point lower at 350.33 points on a total turnover of 150 million shares. OCT IS Yen AJInomoto 435 -5330 words
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Article784 1976-10-16 7 LONDON. Fri. The stock market rallied after early easiness, helped by steadier sterling, dealers said. At 3 p.m. the Financial Times Index was up 2.6 at 291.6. Government stocks attracted baying interest and the new long 'tap' stock was sold by the government broker In first day dealings. Longs784 words
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Article104 1976-10-16 7 FINANCIAL TIMES INDUSTRIALS Thursday 289.0 Wednesday 291.7 Week ago 296.0 TINS Thursday 122 21 Wednesday 124 88 Week ago 126 36 RUBBERS Thursday 476 24 Wednesday 485 04 Week ago 473 44 OILS Thursday 334 12 Wednesday 332 00 Week ago 320 77 DOW JONES AVERAGE INDUSTRIALS Thursday 935104 words
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Advertisement43 1976-10-16 7 I >?■ r-r m .-o x [i^S :».s s i rt..:. A ■mki fHi :;k; uV" .1^; .'I 1 SfesSsSa® Only Oantas gives you 28 departures to Australia and Europe every week. T7T7 THE AUSTRALIAN A/RUNE See your Travel Agent or call Qantas *****443 words
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COMMODITY REPORTS AND PRICES
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Article594 1976-10-16 8 IN the Singapore rubber market yesterday, buying and selling was fairly matched with November moving between 206.00 and 207.00 during the morning. Post noon November rallied to 207.50 on member shortcoverlng but fell back towards the morning's close on selling. Forwards trading continued fair while physicals remained neglected,594 words
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Article79 1976-10-16 8 DAILY SSR and SMR prices at noon yesterday: R.A.S. New. (Currant Mth) (Few Dae. rartMtfc) (ess its par kg) BilWl ta*rk«) SSR 20 S8R50 (1-ton Pallet) (1-ton Pallet) 188.50 188.00 190.SON 188 00N 189.50 187.00 191.SON 189.00N M.R.E.L.B. SMRSCV SMR5L SMR 5 SMR 10 SMR 20 SMR79 words
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Article171 1976-10-16 8 THE Straits tin price In Penang yesterday fell 112.75 to cloee at $1,200.25 per picul on an official offering down 25 tonnes to 195 tonnes. LONDON, Fri. Tin lost about £62 for Cash and £69 for Three Months In both contracts. The metal retreated In the ring under171 words
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Article26 1976-10-16 8 Rubber: Oct IS Sißcapsre: els •uSSS:'-"" 0 Not. 210.75 cU. (down 1.56 eta) Tia: $1,200.2$ (down $12.75) Official offering: 196 tonnen (op 2S toalies)26 words
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Article157 1976-10-16 8 LONDON, Fri. Silver was 1.9 to 3p per troy ounce lower. Currency considerations attracted scattered selling which took Three Months from 265p on the early premarket down to 262.5p in the ring prior to final trade at 262.7 p. The market lacked fresh incentives at the lower levels however157 words
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Article116 1976-10-16 8 THE folio win* Palm Oil price* w price* are elf Rotterdam and are otherwise stated. l 5 t s? on Thursday. The per long ton unices Malaysian 5* ffa bulk Nov/Dec/Jan Sumatra 5* Oct Nov Dec Jan Feb Mar Tfcmntmj 453 sir unch MB* 460/497.SO* 457.90/455* 455* unch116 words
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Article239 1976-10-16 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk 171 sellers, old filers e er new drum Ml Copra: Mixed (loose) UK/Cont. $45 buyers Pepper: Moatak AST A white fob 100S NLW 1315 tellers. Sarawak wklta f o b. 96% NLW *300 sellers. Sarawak239 words
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Article276 1976-10-16 8 ON a thin volume, the Singapore gold market traded at the same levels as on Thursday with the kilo bar quoted at 559,140 to $9,170. The London delivery, price held at UBslls per ounce at which level It was fixed during the London morning. Source: Slngmas The Singapore Chinese276 words
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Article272 1976-10-16 8 LONDON, Fri. Copper wire bars gained £4 per tonne for cash and £2.50 for Three Months. Dealers said the market fluctuated within a fairly narrow price range as substantial covering against European physical business was offset by a rally in sterling together with expectations of a further moderate Increase272 words
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Article94 1976-10-16 8 LONDON, Frl. Lead softened by £0.50 per tonne for Cash and £1 for Three Months. Values edged back from the pre-market high of £298 per tonne for Three Months under profit-taking and some pricing sales, although dealers said the market remained basically steady against a background of further physical94 words
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Article47 1976-10-16 8 LONDON, Frl. On Thursday afternoon, zinc on the day was £4 up for Cash and £3.50 higher for Three Months. This metal was well maintained on covering support which held in the market around the £400 per tonne level for Three Months. Sales were 800 tonnes.47 words
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Article195 1976-10-16 8 LONDON, Frl. Terminal was £0.45 lower to £0.75 higher after a rather quiet and featureless opening call. Sales totalled 486 lots. Dealers said there was no news to encourage fresh trading interest and a world production estimate of 87 million tonnes by London brokers C Czarnlkow, although below F.O.195 words
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Article185 1976-10-16 8 LONDON, Frl. the Robusta terminal Initially recorded losses of up to £33 per tonne as long liquidation prompted by lower New York on Thursday touched off some stoploss orders. But commission house buying and shortcoverlng gave Rood support at the lower levels and by the end of the opening185 words
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Article56 1976-10-16 8 BANGKOK, Frl. Indicative prices for rice quoted yesterday were: U8 dollars per tonne FOB basis Bangkok. I ■>■!■*■ unchaged, Parboiled unchaged, Main unchaged. In HONGKONG yesterday, the market was quiet with prices unchanged. The day's turnover totalled 277 tons comprising Thais 88, Kwangtungs 108 and Australlas 80. Arrival were56 words
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433 1976-10-16 8 After last week's spate of news and excitement, trading slowed down, giving operators time to digest future ramifications; nevertheless see-saw conditions persisted albeit within a smaller range, resulting in an eventual net gain of 3V» cents. On the whole, the market held up433 words
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MONEY AND EXCHANGES
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Article513 1976-10-16 8 THE foreign exchange market In Singapore yesterday saw another day of fair trading centred on Sterttng. Despite the feeling among dealers that the British currency may be undervalued, market uncertainty about sterling prevailed so that it dropped further In the day. Opening at the U551.6390 level in the morning,513 words
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Article161 1976-10-16 8 Asian rates ASIAN currency deposit interbank rates as at close c m Oct 15: U8 Dollar* (Spot) Offer Bid 7 days 51/8 9 1 mtti 51/2 5 3/8 2 mtlu 5 5/18 5 3/16 3 mttu 57/16 5 5/16 6 mttu 513/16 511/16 8 mUu 6 5 7/6 12 mttu161 words
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Article56 1976-10-16 8 market RANGE of prices offered by dis count houses on Oct 15: Overnight 2 5/8 to 3 1/8% Call deposit 2 3/4 to 3 1/8%. 3-Month tlOUSf Buy Sctlio* Treasures bills 3 3/16 3 1/18 3-Month Bank bills 4 8/18 4 7/16 3-Month CD 4 5/8 41/2 4-Month CO56 words
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Article55 1976-10-16 8 RESULTS of Treasury bills tender held on Oct. 15 for 91day Treasury bills to be issued from Oct. 18 to 21. Offered: $30 million. Applied for: 161,000,000. Allotted: 130 million. Accepted bids: $99.18 approximately 3 per cent; higher bids in full. Average rate of diacount on allotment:55 words
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Article53 1976-10-16 8 Minimum lending rates (in ACBC 7 Algamont Book 7 Fif*t Chicago Citibank Bangkok Bonk 7W Bonk of Amorico 7 Bonk of Chmo 7V4 Bonk of Tokyo 7 HKSBC Indowa Malayan Bonking Bonk Nogoro Inbonmo 7'/} Chortarad Bank 7 Chaaa Manhattan 7 OSS ..7 OCfi oue UCfi UMI UOB c 153 words
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Article335 1976-10-16 8 LONDON, Frl. The French franc firmed to around 5.0045/70 to the dollar from an early 5.0150 middle on the further one point rise In French call money to 12-1/16 pet, dealers said. The dollar was generally stronger against other major continental currencies on position squaring, moving to around 2.4365/75335 words
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Article212 1976-10-16 8 NEW YORK, Thurs. The dollar moved higher in afternoon trading to overcome early losses and closed with slight gains against most major currencies. The largest move of the day was made by sterling, which fell to 1.6380/90 from 1.6550/60 overnight in response to the report of a higher212 words
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Article114 1976-10-16 8 TOKYO, Frl. The dollar for overnight delivery rose sharply after opening at 292.70 compared to 292.30 at Thursday's close", In very active trading, dealers said. They said the Bank of Japan is believed to have sold a small amount of dollars at 293.00, but the US unit rose to114 words
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Article34 1976-10-16 8 HONGKONG banknotes quoted on Oct 15: US 4.85/4.87 UK 7.90/8.10 Burma 2.00/2.50 India 4.45/4.75 Indonesia 1.12/1.16 Japan 1.655/1.665 Korea 0.90/0.95 Philippines 0.59/0.62 Singapore 1.96/1.98 Malaysia 1.91/1.93 Brunei 1.925/1.945 Thailand 23.40/23.80 Taiwan 11.80/12. Ip34 words
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Article50 1976-10-16 8 AUSTRALIA/NZ exchanges quoted on Oct 15: Australia: Sterling 0.7568/0.7490 US dollar 1.2362/1.2312 Ninety day air mail buying rates: Sterling 0.7937, US dollars 1.2642. Ninety day forward buying rates: Sterling 0.7734, US dollars 1.2201 New Zealand: Sterling 0.5906/0.5871 US dollar 0.9726/0.9626 Ninety day forward rate: Sterling 0.6415, US dollar 0.9921.50 words
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Article40 1976-10-16 8 ZURICH exchanges quoted on Oct 14: US 2.4437-4452 UK 4.0075-0130 Can 2.5095-5415 W'Germ 100.50-61 Neth 95.70-80 France 48.87-92 Belg 6.54-55-1/4 Denm 41.72-77 Norw 46.03-07 Swed 57.51-56 Italy 0.2888-2904 Austria 14.14-17 Port 7.80-83 Spain 3.58-1/4 59 Arg 1.25-2.25 Japan 0.83-1/4-8440 words
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Article43 1976-10-16 8 FRANKFURT exchanges quoted on Oct 15: US 2.4340/ 50 (2.4305/ 15) Can 2.5050/74 UK 4.010/ 025 Neth 95.30/ 45 Swltz 99.40/ 55 Italy 2.88/ 90 France 48.70/ 85 Norw 45.79/ 84 Belg Com 6.51/ 52 Belg Fin 6.34/ 35 Japan 0.8338/ 4943 words
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Article164 1976-10-16 8 Euro rates LONDON, Frl. Period Eurodollar deposit rates were 1/16 higher where changed in reaction to the sharp rise in US money supply, dealers said. Trading was slow. Some operators believed the recent fall In rates may have reached bottom and a Shod of consolidation is ely. Day-to-day funds held164 words
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Article277 1976-10-16 8 LONDON, Frl. Straight bonds eased slightly In moderate trading, dealers said. Generally prices dropped by 1/4 point in reaction to the US money supply figures which were sharply up. EUROBOND price* quoted on Oct. IS: Some dealers felt operators may also be holding back after the announcement of277 words
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Advertisement111 1976-10-16 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia, Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak, Sabah Australasia/Pacific (excluding Hawaii)111 words
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TRANSPORT AND COMMUNICATIONS
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991 1976-10-16 9 TERESA LIM - SEMINAR ON SHIP CARE AND REPAIR TERESA LIM SHIPCARE '76 seminar on Thursday went full speed Into the technicalities of maintenance and repair, and produced a rash of rather esotherlc papers. The papers were generally on overall maintenance and protection of the991 words
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Article, Illustration369 1976-10-16 9 EXPECTED ARRIVAL TOOAV KERNEL WHARVES Altalr (after Ivan Kotlyarevskly) 6/7 Aniara (Tanker PSA It POBC P/O after Vishva Anurag Subject Gas Free) 15/16 Auby (1500 after King Tower) 22 Bunga Melatl (D/L It UTM/L 2359 tide after Southern Ocean Hugheverett Must Head East for D/L) 33/34 Hampton369 words
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Article213 1976-10-16 9 INTERNATIONAL Computer* Limited (ICL) one of the exhibitors at the "Contribution Towards Development" exhibition now on is showing its new 7502/15 modular terminal systems. ICL's contribution to development has been an investment in the research and development over the past 18 months in the area213 words
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Article77 1976-10-16 9 A RANGE of equipment Incorporating some of the latest technological advances Is being displayed by Plessey Singapore at the "Contribution towards Development" exhibition. These Include Oki marine equipment, cable and wires, Plessey's remote copier. Ringmaster intercommunication system and Ansafone, an automatic recording and answering device. Plessey with three77 words
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Article519 1976-10-16 9 ARRIVALS JW 'ICf Local Operator Number Time From CAL CI333 0040 TPE/HKO/KUL CPA CX003 0045 HKO JAL JL712 1000 HLP CPA CX710 1000 HLP 81A SQ209 1010 HLP OLA OA 980 1030 HLP THAI TG423 1035 BKK OLA GA908 1100 MES PAL PRS01 1115 MNL SIA SQ240519 words
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Article89 1976-10-16 9 AP ULSAN, (South Korea), Fri. A 258,300 deadweight ton tanker, built for Japan Line Limited, was christened "Catrya" In a ceremony today at a Hyundai shipbuilding and heavy industries company shipyard. Hyundai said the US$46 million (SSI 15 million) tanker will be turned over toAP - 89 words
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Article37 1976-10-16 9 UPI LE HAVRE, (France), Frl The 227,000-tonne Liberlan tanker Andros Antares broke from its mooring In stormy weather yesterday and ran aground, raising the threat of its oil cargo exploding, naval authorities said. UPI.UPI - 37 words
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Advertisement664 1976-10-16 9 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 who664 words
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Article, Illustration984 1976-10-16 10 COLIN CHEE - By COLIN CHEE PRIME Minister Lee Kuan Yew's two-week visit to Australia starting on Sunday may well have been planned to add a new and Invigorating dimension to Singapore's lukewarm relationship with that country. The visit comes only984 words
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Article330 1976-10-16 10 UPI BERLIN Fri. The joke being told in East Berlin is that the chances of the National Front in Sunday's election are pretty good. The communistdominated front is running the only slate in the election to name a new Volkskammer (Peoples Chamber), the East German Parliament. EveryUPI - 330 words
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727 1976-10-16 10 BANGKOK, Friday AP THE Thai economy may perform better under the military regime than before, according to observers here. An American executive, critical of the old government's inefficiency, said he was delighted with the speed with which a Prime Minister was appointed and otherAP - 727 words
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950 1976-10-16 10 WALTER SULLIVAN - By WALTER SULLIVAN NYT. AN INTERNATIONAL panel of scientists has challenged scientists and engineers around the world to come out of hiding and help guide the world away from a variety of potential disasters. The time has passed, they say InNYT. - 950 words
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Article, Illustration636 1976-10-16 10 PAUL MAJENDIE - By PAUL MAJENDIE Reuter THE world must watch out. Man Is mismanaging both land and sea and within a decade could have done hugely expensive damage to the environment. The doomwatch warning comes from a man who shouldReuter - 636 words
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Advertisement61 1976-10-16 10 I■ I I I rade mdustry A I H U m mum mmu s Mi 4 m r 4 The Circulation Manager, Times Periodicals Private Limited, 422 Thomson Road, Singapore 11 or Berita Publishing Sdn. Bhd. Balai Berita, 31 Jalan Riong, Kuala Lumpur. Malaysia. Please send 12 issues of SINGAPORE61 words
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Article235 1976-10-16 11 AP WASHINGTON, Fri. Here are the major points made by President Ford at his news conference last night; Mr. Jimmy Carter: The Democratic Party contender has "slandered the good name of the United States" by charging that Mr. Ford's foreign policy has lost the nationAP - 235 words
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358 1976-10-16 11 Reuter WASHINGTON, Fri. A delegation representing the London commodity options markets is expected to arrive here around Oct. 21 for talks with the Commodity Futures Trading Commission (CFTC), the CFTC's vice-chairman Mr. John Rainbolt told Reuters. The main item for discussion will beReuter - 358 words
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Article50 1976-10-16 11 Reuter PARIS, Fri. French unemployment fell to 941,200 seasonally adjusted In September from 961,700 in August and compared with 882,400 in September last year, the Labour Ministry said. Unadjusted unemployment rose to 955,400 in September from 841,500 in August and compared with 945,800 in September last year. Reuter.Reuter - 50 words
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Article37 1976-10-16 11 Reuter PARIS. Fri. French convertible currency reserves rose 1.39 billion francs to 19.45 billion in the week ended Oct 7 reflecting a US$3OO million (***** million) deposit by Iran, the Bank of France announced. Reuter.Reuter - 37 words
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555 1976-10-16 11 NEW US LAW WILL UP EXPAT COSTS BUT UPI NEW YORK, Fri The new Federal tax law Is making It a lot more expensive for US companies to keep American executives abroad but there Is considerable disagreement over whether they will actually callUPI - 555 words
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398 1976-10-16 11 Reuter LONDON. Fri. A high level working group is meeting this evening at the International Tin Council (ITC) headquarters here trying to find a compromise to producer demands for higher prices, conference sources said. The working group was set up after a councilReuter - 398 words
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314 1976-10-16 11 Reuter LONDON, Fri. The Far Eastern Freight Conference (FEFC) rubber committee has received a new mandate to continue negotiations with Malaysia's rubber industry on the handling of rubber and latex shipments, FEFC rubber committee chairman Keith Reynolds said. He told Reuters after a FEFCReuter - 314 words
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Article302 1976-10-16 11 AP MANILA, Fri. The Organisation of Petroleum Exporting Countries (Opec) should freeze oil prices at present levels, the Confederation of Asian Chambers of Commerce and Industry (CACCI) said today. CACCI Is composed of private businessmen and industrialists. In a Joint communique ending the sixthAP - 302 words
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Article299 1976-10-16 11 Reuter DETROIT, Frl. General Motors Corporation and the United Auto Workers said they will resume contract negotiations on Monday. The bargaining session will be the first since late .August, when negotiations were adjourned. The UAW represents 390,000 workers at the company's US facilities. Meanwhile, theReuter - 299 words
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Article106 1976-10-16 11 Reuter PARIS, Fri. Mr. Francois Mitterrand, First Secretary of the French Socialist Party, said shareholders In any company which is nationalised if the left comes to power will get fullscale compensation. He told a press conference any fall in a share price due to scare campaigns ahead ofReuter - 106 words
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Article180 1976-10-16 11 AP LONDON, Fri. The British company that produces 2:4:5 trichlorophenol, a chemical that caused havoc in the Northern Italian town of Seveso last summer when a poisonous compound leaked, has said it is closing its Midlands plant because of anxieties triggered by the Seveso disaster.AP - 180 words
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Article142 1976-10-16 11 Reuter TOKYO, Fri. New shipbuilding orders received by Japanese shipyards from overseas owners in September rose sharply to 78 ships totalling 985,050 gross tonnes, the highest this year, the Japan Ship Exporters' Association said. This compares with 41 vessels amounting to 542,780 tonnes in AugustReuter - 142 words
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191 1976-10-16 11 Reuter MANILA, Frl. Philippines coconut product export earnings are up 14 per cent to nearly US$4OO million (Ss9Bo million) for the first nine months of this year compared to the same period in 1975 despite price falls, according to the United Coconut Association. It saidReuter - 191 words
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434 1976-10-16 11 Reuter SALISBURY, Frl. A wider representation of Rhodesian political opinion Is now expected at the British organised Geneva talks on the country's future, scheduled to open In Geneva on Oct 25. Former Prime Minister Garfield Todd was named yesterday as a memberReuter - 434 words
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Article179 1976-10-16 11 Reuter PARIS, Frl. Iran deposited US$3OO million (***** million) with the Bank of France In the week ended October 7 as the third and final tranche under the Franco-Iranian Agreement of mld-1974, the French Central Bank said. This Increased the convertible currency reserves by theReuter - 179 words
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Article62 1976-10-16 11 Reuter PARIS, Frl. French Transport Minister Marcel Cavalfle said plans for a Joint Franco-American medium-haul airliner would be scrapped unless 50 "firm orders were secured In advance. The Minister made his remarks after meeting Mr. Sanford McDonnell, president of the US McDonnell Oouglas Corp, which Is associated InReuter - 62 words
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Advertisement621 1976-10-16 11 APPOINTMENTS f SINGAPORE TOURIST PROMOTION BOARD Applications are invited for the following post: ASSISTANT DIRECTOR (HANDICRAFT CENTRE) QUALIFICATIONS AND EXPERIENCE Candidates should possess a recognised University Honours Degree or relevant professional qualifications with at least three years' working experience at managerial level. Experience in the building construction industry or estate621 words
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Advertisement983 1976-10-16 11 NOTICES GOVERNMENT OF PAPUA NEW GUINEA TENDER TC2S-01-024 CONSTRUCTION OF A SUBMARINE PIPELINE, DARU, WESTERN PROVINCE. Tenders are invited for the supply, delivery and construction of a Submarine Water Supply Pipeline approximately four (4) kilometers in length. The specification calls for Class 9 u P.V.C. pipe of 200 mm diameter983 words
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183 1976-10-16 12 THERE Is an increasing threat to the shipping industry from land, air and other forms of transportation. The trans-Siberian landbrldge is imposing a threat to the Europe-Japan liners, and the Alaskan pipeline will reduce tankers tonnage. "These and other examples stress the need for183 words
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Article144 1976-10-16 12 TWO property companies, Fortuna Realty and Euro Singapore Holdings, said to have a joint liabilities of $748,890, were ordered to be wound-up by the High Court here yesterday. The orders arose from petitions filed by Malayan Insurance Company and were moved by Miss Rene Dios, for144 words
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Article, Illustration309 1976-10-16 12 MINISTER for Science and Technology, Dr. Lee Chiaw Meng, yesterday urged the Singapore Professional Centre to conduct in-depth studies to promote professional services overseas and develop Singapore as a service centre. He also called upon the professional elite "to participate in the common309 words
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Article, Illustration452 1976-10-16 12 SINGAPORE'S economic growth in the coming decades will depend on Improvements in the quality of its human resources and introduction of new technology. This emphasis on "Quality and Talent in Economic Development" was put forward by Dr. Lee Kum Tatt, chairman of the Singapore Institute452 words
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301 1976-10-16 12 INDUSTRIES in Singapore must continually Increase their productivity, upgrade the skill of their workers and keep abreast with technological developments in order to remain exportoriented and sustain Industrial growth. With the present recovery especially, competition in international markets is expected to be keener301 words
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243 1976-10-16 12 Reuter HONGKONG, Fri. The South African economy could deteriorate slightly before it gets better but could show real growth of five to six per cent at an annual rate by the end of 1977 or In early 1978, Mr. Jan Marais, chairman of theReuter - 243 words
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Article69 1976-10-16 12 Reuter WASHINGTON, Fri. The US Agriculture Department'qiForeign Agriculture Service said Indonesia is expected to import 1.1 million tonnes df wheat in 1975-77 compered with 834,000 tonnes in 1975-76. The Indonesian Govern- ment has been subsidising the country's wheat imports, currently at the rate of US$l3 (Ss32) aReuter - 69 words
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287 1976-10-16 12 ALTHOUGH Singapore has the reputation of a financial centre, the training of that very material manpower to upkeep this image, is haphazard and there is no organised attempt to develop benefits gained from training courses. This, in a nutshell, is the287 words
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Article173 1976-10-16 12 INFAMA. SINGAPORE'S watch trade is ticking well. The watch and clock trade has grown considerably In recent years, keeping pace with lncreased tourism and economic progress of the nation. This was disclosed last night by Mr. V.T. Mendis, chairman of the organising sub-committee of the SingaporeINFAMA. - 173 words
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Article72 1976-10-16 12 AP. SEOUL, Fri. South Korea earned US$l67 million (Ss4o9 million) in foreign exchange from foreign tourists who visited the country in the first eight months of this year, the Transportation Ministry reported today. A total of 544,000 foreign tourists visited Korea during the period,AP. - 72 words
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Article49 1976-10-16 12 THE son of the late Mr Ko Teck Khin, Mr Jimmy Ko Oon Hln, was made a bankrupt at the High Court here yesterday following the court's dismissal of his application for the order for substituted service of the Bankruptcy Notice made against him to be set aside.49 words
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414 1976-10-16 12 FOUR SCHEMES FOR FREEING TRADE FLOW Reuter GENEVA, Frl Delegates from over 70 countries welshed the merits of four rival schemes for a general reduction of Import tariffs In negotiations here to free the flow of world trade, delegate sources said. Tabling of tariff-cuttingReuter - 414 words
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165 1976-10-16 12 Reuter LONDON, Fri The UK will repay drawings on its US$5.3 billion (5513.0 billion) stand-by credit out of reserves if a new IMF loan Is not negotiated by Dec 9, when the standby Is due for repayment. Chancellor of the Exchequer Denis Healey toldReuter - 165 words
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196 1976-10-16 12 Reuter TOKYO, Fri. Japan Kallngas Co said the Kangan Liquefied Natural Oas (Kallngas project in Iran) will not be affected by the withdrawal of the principal US member, International Systems and Controls Corp (ISC) from the project. The Japanese firm said the projectReuter - 196 words
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Article57 1976-10-16 12 AP TOKYO. Fri. Executive secretary of the International Wheat Council, John Paroote said yesterday forecasts for the 1976-77 worldwide wheat crop range from 386 million to 396 million tonnes, surpassing the previous record of 367 million tonnes in 1973. Mr Paroote *aid at a seminar the foi\AP - 57 words
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Article113 1976-10-16 12 LONDON, Fri. Prime Minister James Callaghan has promised sympathetic consideration of a Joint re?uest by the Trades Union ongress and the Confederation of British Industry for greater protection of Industries suffering from Import penetration, government sources said. But any action is unlikely to Include general113 words
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Article, Illustration341 1976-10-16 12 'Trading blows' with the BRITAIN seems to be plagued by round after round of bad news that is not doing sterling any good. The country's latest trade figures for September showed larger gap of £365 million (551,478 million) against the previous month's deficit of £293 million up 25 per cent.341 words
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350 1976-10-16 12 BANGKOK, Fri. Joint military, police and secret police teams, arresting people and seizing documents described as pro-com-munist, have extended their sweeps into the Thai countryside, officials said here today. An official statement from the offices of the ruling military junta said at least 25350 words
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Article89 1976-10-16 12 THE Philippines has iust arranged a US$9 million (Ss22 million) Asian-Dollar loan for financing the purchase and installation of navigational aid equipment for three of its airports at Manila, Mactan and Zamboanga. The loan, which will be repaid over seven years, will be provided roughly89 words
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Article148 1976-10-16 12 LONDON, Frl. The British National Union of Mine Workers president Joe Gormley said the union executive voted to delay calling a ballot on industrial action over a claim for early retirement. Mr. Gormley said the executive voted overwhelmingly in favour of forming a working party with148 words
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