The Business Times, 1 December 1976
1976-12-01
1
12
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The Business Times
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Title Section10 1976-12-01 1 BUSINESS TIMES M.C.(P) 1455/76 WEDNESDAY, DECEMBER 1, 1976 50 CENTS10 words
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NEWS IN BRIEF
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Article91 1976-12-01 1 Reuter TOKYO, Tues. Indonesia today signed a contract for a loan of 3.6 billion yen (about 5J31.9 million) from the Japanese Government's overseas economic co-operation fund which will be used for a road repair project in Sumatra, the fund announced. The loan would be redeemable over 25Reuter - 91 words
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Article70 1976-12-01 1 AP THE HAGUE, Tues. The nine Common Market countries agreed today to seek contact with the incoming administration of President-elect Jimmy Carter as soon as possible sources aid. This amounted to a recognition in principle by the nine European heads of government meeting here that littleAP - 70 words
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Article69 1976-12-01 1 UPI LONDON, Tues. The Government today asked Parliament to grant limited home rule to Scotland and Wales and warned refusal to do so might spark the breakup of the United Kingdom. "We believe if the present situation continued, the chances of breakup of the UnitedUPI - 69 words
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Article68 1976-12-01 1 Reuter SALISBURY, Tues. The Rhodesian Government today denied reports that Prime Minister lan Smith planned to return to the Rhodesia talks at Geneva on Thursday. A government spokesman also denied that Mr. Ivor Richard, British chairman of the Geneva conference, had telephoned Mr. Smith suggesting he shouldReuter - 68 words
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Article52 1976-12-01 1 Reuter LONDON, Tues. The British Finance Houses Association said it raised its base rate for December to 15 per cent from 14 per cent, effective tomorrow. The increase follows the higher money market rates prevailing in London over the past few weeks, a spokesmanReuter - 52 words
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Article46 1976-12-01 1 Reuter PARIS, Tues. The minimum wage in France will rise by two per cent to 8.94 francs (554.4) an hour from tomorrow, the Labour Ministry said today. This will be equivalent to a monthly wage of 1,549.60 francs for a 40-hour week. Reuter.Reuter - 46 words
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Article43 1976-12-01 1 UPI NEW YORK, Tues. Dow Jones averages, based on the first hour of trading today on New York Stock Exchange: 30 Indus 946.14 down 3.91; 20 transp 225.27, down 1.30; 15 utlls 101.83, down 0.16; 65 stocks 307.13, down 1.27. UPI.UPI - 43 words
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Chief Price Changes
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Article, Illustration175 1976-12-01 1 SENTIMENT remained weak at the Stock Exchange of Singapore yesterday and a feeble attempt at rally in the morning fizzled out. The Business Times index fell 2.25 points to 237.09 while the Straits Times Industrial index eased 0.64 point to 244.38. Foils Most active T Harbour 120175 words
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Article114 1976-12-01 1 Falls Most active O.C.B.C. $7.55 -.15 Sime Darby 125,000 Sime Darby $3.14 -.08 Central Sugars 62.000 U.OB $3.20 -.08 Haw Par 57,000 ir r S3 42 -.06 Oi>ni>ral I .um her 48.000 DBS $360 PetalingTin $4.06 Boustead $3-30 Inchcape $2.24 K Sidim $3 72 Genting $2 67114 words
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Article639 1976-12-01 1 QUEK PECK LIM - FIRST ASIAN BORROWER By QUEK PECK LIM THE Singapore Government's plan to raise a 10 billion yen bond (the first by an Asian Oovernment) yesterday received the formal approval of the Japanese Finance Ministry. This clears the way for negotiations to begin between the Singapore639 words
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721 1976-12-01 1 THE deadlock between i dissident Malaysian share- < holders and the Sime Darby Board may be broken if a i package deal now being 1 considered in Kuala Lum- < pur Is found to be acceptable. The outcome should be known by Friday721 words
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Article380 1976-12-01 1 THE International Natural Rubber Price Stabilisation Agreement signed In Jakarta yesterday by the seven nation Association of Natural Rubber Producing Countries (ANRPC) was described by Singapore's Senior Minister of State for Natural Development, Dr. Tan Eng Liang, as an "Important milestone." Speaking at the close of380 words
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241 1976-12-01 1 AP THE HAGUE, Tues. Heads of Government from the European Economic Community Issued a strong statement tonight, as they brought their Summit meeting to a close, calling on Japan to expand its Imports from the EEC rapidly. Despite the estimated US$4.2 billion (5510.3AP - 241 words
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Article84 1976-12-01 1 MR. Thanln Kraivichien, Prime Minister of Thai* land, will make a two-day informal visit to Singapore on Thursday for talks with Prime Minister Lee Kuan Yew. Mr. Kraivichien will be accompanied by the Minister of Foreign Affaria, Dr. Upadlt Pachariyanghun, the Minister of Communications, Mr. Khunying Lersak84 words
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Article248 1976-12-01 1 CANBERRA, Tues. Devaluation of the Australian dollar is expected to add AJ7OO million (811.74 billion) a year to the value of primary exports, Treasurer Phillip Lynch today told Parllment. "The annual rate of rural exports, running at 14,900 million should Increase by at least $700 million," he248 words
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221 1976-12-01 1 THE Ministry of Labour warned yesterday that it will take necessary action against any shipyard management which has shown neglect in providing adequate safety systems. It added that it may have to consider introducing subsidiary legislations providing for more stringent control and penalties221 words
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Article47 1976-12-01 1 UPI LONDON, Tues. The pound opened fractionally higher against the US dollar on Britain's money markets today. Dealers quoted sterling at U551.6500, compared to yesterday's closing price of $1.6485. Oold opened at $130.50 an ounce, up slightly from yesterday's closing price of $128.75. UPI.UPI - 47 words
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Article511 1976-12-01 1 KUALA LUMPUR, Tues. Petronas today signed production sharing agreements with two oil companies, Sarawak Shell and Sabah Shell covering oil and gas exploration and production. Agreement with the other major company, Exxon, is expected to be signed on Thursday after one or two minor511 words
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Article140 1976-12-01 1 C'dian seesaws Reuter LONDON, Tues. The Canadian dollar dived more than one US cent and recovered again In the space of an hour In a burst of chaotic trading on European foreign exchange market today. As North American markets Joined In trading after mid-day In London, operators clamoured to sellReuter - 140 words
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Page 1 Advertisements
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Advertisement78 1976-12-01 1 With a Reputation for Unrivalled Security and Fair Dealing over 131 years, Our Clients can be Assured... Royal Insurance (Incorporated in inftand 1 looks after you. Fast 18th Fir., Ocean Building, Collyer Quay, Singapore 1. Tel: ***** *****1. SEE PAGE 2 INSIDE Overseas News/ Commodities P8 TV' Radio P2 Transport78 words
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Advertisement46 1976-12-01 1 CVM-1810E i •Dual system: Displays both PAL and modified NTSC colour recording when combined with both CVM-181OE VO-1810. •Receives and records TV programmes off the air. •Fully Automatic, solid state circuitry. For further information please contact: Setran Electronics Pte Ltd 10, Dundee Road, Singapore 3.Tel: *****4.46 words
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Advertisement270 1976-12-01 1 s has got a i flame 71* TAiDTA olivekli Congratulations and Best Wishes toFpterChewfc on their 10th Anniversary The printing calculator that prints numbers in easy-reading thousands Olivetti's heavy duty Logos 42 makes light work of office calculations Designed for heavy use. the new Logos 42 has all the features270 words
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OVERSEAS
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249 1976-12-01 2 Reuter PEKING, Tues. For the first time, China has released detailed production figures showing the importance of the City of Tangshan before it was flattened by the July 28 earthquake the most powerful in the world for 12 years. The latest edition of theReuter - 249 words
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Article51 1976-12-01 2 UPI TOKYO, Tues. China has ordered an additional 300.000-400,000 tonnes of steel products from Japan for shipment by the end of next March, steel Industry sources reported. Peking has already ordered 1.25 million tonnes of Japanese steel products for the period from October and next March.UPI - 51 words
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Article, Illustration349 1976-12-01 2 UPI THE HAGUE, Tues. European Common Market leaders hope today for postponement of the com-, munity's critical talks with developing nations until after the inauguration of Jimmy Carter. Held over a barrel of oil by petroleum exporters, the heads of governmentUPI - 349 words
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408 1976-12-01 2 Reuter LONDON, Tues. An influential United States congressman today advised against any drastic deflation in the British economy to satisfy overseas creditors. The advice from Mr. Henry Reuss. chairman of the US House of Representatives banking committee, provided new ammunition for those British GovernmentReuter - 408 words
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Article121 1976-12-01 2 AP THE HAGUE, Tues. Leaders of the European Economic Community have agreed to work out a common policy towards South Africa, official sources reported today. The agreement followed late night talks between the nine Common Market heads of government assembled here for a two-day summit meeting. BritishAP - 121 words
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Article36 1976-12-01 2 Reuter NEW DELHI, Tues. India and Bangladesh will resume their talks on the sharing of the Ganges River waters at ministerial level In Dacca on Dec 6 it was announced here yesterday. PeuterReuter - 36 words
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311 1976-12-01 2 UPI ROME, Tues. The world'* immediate food situation has improved for the first time since 1972, but too little is being done to solve long-range problems in the fight against hunger, the head of the UN Food and Agriculture Organisation said yesterday. "OnUPI - 311 words
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196 1976-12-01 2 UPI ATHENS, Tues. The Government yesterday proposed a record 200 billion drachmas (5513.2 billion) balanced budget with emphasis on defence spending and education. Finance Minister Evangelos Devletoglu told Parliament the budget covered US$5.l billion (5512.5 billion) expenses and a $270 million reserve. The reserve, whichUPI - 196 words
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Article23 1976-12-01 2 AP ROME, Tues. Some seven million Industrial workers staged a four-hour, nationwide strike today to protest government economic measures. ap.AP - 23 words
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361 1976-12-01 2 AP LONDON, Tues. World wheat production for 1976 is heading for an all-time high of 409.5 million tonnes, the International Wheat Council (IWC) said yesterday. The previous world wheat production record was set In 1973 with 371 million tonnes. This year's wheat cropAP - 361 words
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Article401 1976-12-01 2 LONDON, Tuesday Reuter BRITAIN, which once ruled the waves, tomorrow makes what many regard as a humiliating surrender to the tiny but determined Icelandic fleet of half a dozen coastal patrol boats. For 800 years, British fishing boats have sailed the 800 or moreReuter - 401 words
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Article261 1976-12-01 2 UPI WASHINGTON. Tues. The United States posted Its fifth consecutive monthly trade deficit, US$696 million (811.7 billion) In October as the volume of International business diminished, the Commerce Department said yesterday. Slackening need for car parts from Canada, and for steel and non-ironUPI - 261 words
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Article122 1976-12-01 2 UPI LISBON, Tues. Venezuelan President Carlos Perez has told the Portuguese they could expect closer relationships but cutrate oil would not be included in the deal. In his talks yesterday with top officials, he stressed Venezuela's adherence to the Organisation of Petroleum Exporting Countries,UPI - 122 words
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524 1976-12-01 2 PARIS, Tues. The 1977 plans of the Banque Arabe et Internationale d'lnvestissement (BAII), the Paris-based merchant bank, Include a further expansion of Its share In Reynolds Securities, the New York broking house In which it bought 10 per in the summer. Mr.524 words
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327 1976-12-01 2 Reuter PARIS, Tues.. The Gaullist Party conference called by former Premier Jacques Chirac next Sunday to revamp the movement under hit. personal banner is shaping up as one of the biggest political Jamborees ever held In France. With up to »c,OOO Chirac supportersReuter - 327 words
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Article290 1976-12-01 2 AP DUBAI, Tues. The Supreme Council of Rulers of the United Arab Emirates (UAE) yesterday delayed the election of a new Federal President because of financial disputes. Informed sources said the council, made up of the rulers of the seven member states of UAEAP - 290 words
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Article97 1976-12-01 2 AP BOGOTA (Colombia). Tues. Colombian coffee will be priced at over US$4.4O (SS10.80) a kg within the next few days on the lnternational market, the national association of coffee exporters forecast yesterday. Colombia raised its domestic coffee prices by eight per cent last Friday, and it is expectedAP - 97 words
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Article32 1976-12-01 2 UPI MONTEVIDEO. Tues. The Uruguayan exportimport peso was devalued for the l&th time this year, losing 2.24 per cent of its value against the dollar, the Central Bank announced.UPI - 32 words
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324 1976-12-01 3 Reuter BARNSLEY (England), Tues. Union leaders of almost half Britain's coal miners today recommended industrial action, including a possible stlke, to back updemands for retirement at 60 on full pay. The call came from Mr Arthur Scargill. president of the traditionally militant Yorkshire region ofReuter - 324 words
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Article195 1976-12-01 3 Reuter HAMBURG. Tues. World annual shipbuilding demand should drop to about 13 million gross registered tonnes by 1979-80 trom current output of around 30 million GRT, thr West German Shipbuilding Industry Association said But demand is expected to revive after this probable trough so that byReuter - 195 words
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Article143 1976-12-01 3 Reuter LONDON. Tues. Shipowners did well to maintain current levels in the Atlantic dry-cargo freight market over past weeks but it would be no great surprise if rates ease slightly, Eggar, Forrester Ltd said in its October/November report. In the Pacific, the market has been furtherReuter - 143 words
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90 1976-12-01 3 AP BEIRUT. Tues. The Libyan Government has approved a wide-scale development programme totalling USSS billion (SSI2 billion) for 1977. the Middle East Economic Survey reported yesterday. The appropriations were approved by the Libyan General People's Congress recently, it said. Under the projected development, US$l.7AP - 90 words
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Article, Illustration504 1976-12-01 3 CARTER CONCERN OVER INCREASE PITTSBURGH, Tuesday Reuter UPI US Steel and Bethlehem Steel, the two largest steel companies in the United States, have announced a six per cent price Increase on their high-volume sheet and strip products. Their example has been immediately followedReuter; UPI - 504 words
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157 1976-12-01 3 Reuter LONDON, Tues. A Ford Motor Company spokesman said the company has agreed with union leaders on a new pay package for the company's 56,000 hourly paid workers, giving average increases of five per cent, with a minimum £2.50 and a maximum 14Reuter - 157 words
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Article130 1976-12-01 3 Reuter WASHINGTON. Tues. President Ford still Intends to propose a new USSIO billion (SS24 billion) personal and corporate tax cut before he leaves office on Jan 20, White House Press Secretary Ron Nessen said. A large portion of the proposed cut will be ac- countedReuter - 130 words
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260 1976-12-01 3 Reuter OTTAWA, Tues. The Canadian Government said yesterday that clothing imports for the rest of this year and 1977 would be held to 1975 levels. Industry Minister Jean Chretien said the restrictions would be temporary and would be reviewed sometime In the first sixReuter - 260 words
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Article853 1976-12-01 3 DAVID LASCELLES - The Poles have run into a serious problem they have plenty of money but not enough goods. To tide them over, the Russians are going to lend them a billion roubles in the form of credits for Russians products. By DAVID LASCELLES Financial Times INFinancial Times - 853 words
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194 1976-12-01 3 AP PLAINS, (Georgia), Tues. President-elect Jimmy Carter says the American Government should get tougher about requiring cars with low fuel consumption because "the price of energy is going to go up very rapidly." One of his first "fireside chats" as presidentAP - 194 words
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Article154 1976-12-01 3 AP BEIRUT, Tues. Kuwait has banned dealings with the British Barclays Bank Group, in response to a recommendation Issued on Nov 1 by the Arab Boycott Office, the Middle East Economic Survey reported yesterday. The ban was announced by the Customs and Ports Authority of Kuwait'sAP - 154 words
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Article111 1976-12-01 3 Reuter NEW YORK, Tues. The US textile trade deficit this year could exceed US$3 billion (557.2 billion) due to a flood of imports, J.P. Stevens and Co Inc chairman James Flnley said. Speaking at a New York Board of Trade textile Awards luncheon, Mr. Finley said theReuter - 111 words
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238 1976-12-01 3 TULSA, Tum. Independent* outbid the major oil companies at the last Gulf of Mexico lease tale to win moat of the tracts drawing bids. The Oil and Gas Journal's latest issue says the independents' surprising vigor turned an expected lack-lust sale into one of238 words
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Article58 1976-12-01 3 Reuter TOKYO, Tues. The Bank of Japan said It has no intention of buying gold at International Monetary Fund actions at this sate. A spokesman said the bank believes there Is no need for Japan to buy gold, although the gold content of Its reservesReuter - 58 words
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Article230 1976-12-01 3 Reuter TOKYO, Tues. Japan had a balance of payments deficit of US$9B million (***** million) In October Its first overall deficit for nine months. The Finance Ministry said the deficit was caused by large net outflows of long and short term capital. But the visible tradeReuter - 230 words
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Article138 1976-12-01 3 Reuter LONDON, Tues. A British Royal Commission today turned down a general levy on gambling and temporarily excluded national lotteries as ways of helping sport and particularly football. The commission, headed by Lord Rothschild, also rejected a levy on Britain's football pools, saying there wasReuter - 138 words
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Article93 1976-12-01 3 Reuter LONDON, Tyes. The US$25 million (Ss6o million) floating rate bond for the long term credit Bank of Japan has had its minimum coupon cut to 6-IX4 per cent from the 6-1/2 per cent originally announced, a spokesman for lead manager First Boston (Europe) Ltd said. HeReuter - 93 words
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Page 2 Advertisements
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Advertisement170 1976-12-01 2 Chivas Regal Scotland's prince of whiskies It's waited i 12 years I for you. Another fine product brought to you by n food beverage (private] ltd. *75 MJKII riMAM KOAI) 6ml. SINCAPOKE 111 TEL 6669JJ PO K.«* 2023 KliAl A LUMPUR TEL M 6453 ri V Y tto' i -A170 words
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Page 2 Miscellaneous
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Miscellaneous50 1976-12-01 2 WEATHER report for 24 hours prior to 7.30 p.m. on Nov 30 at Singapore airport. Maximum temperature 29.8° C Associated humidity 75 Minimum temperature 23.5° C Associated humidity 97 Hours of sunshine 1.35 Rainfall in millimeters 1.3 Total rainfall for the month 283.0 Total rainy days for the month 2150 words
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Miscellaneous275 1976-12-01 2 RADIO TV SINGAPORE 8 3.00 Opening Announcements followed by Serbanika (Malay) (r) 330 Diary of Events (Malay) 335 General Hospital 4.15 Fokas (Malay) (r) 430 Intermission 5.55 Opening Announcements followed bv Secret of ISIS "Show Off" 6.20 Consumers' Guide (English/Malay) 630 News in Brief 635 Wildlife in Crisis "Man The275 words
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Page 3 Advertisements
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Advertisement105 1976-12-01 3 Working Long Hours? Coffee Problems? Here Is Your Answer! Check which of these are your hot drink headaches Time lost while drinks are made. Even more time lost sending out for them Work disrupted by exodus to neighbouring cafe Resentment over drink-making rotas. Complaints about stale and tepid drinks. Demands105 words
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COMPANY NEWS
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Article424 1976-12-01 4 THE high growth rates enJoyed by Chemical Company of Malaysia between 1972 and 1975 are over. For In the wake of the 34 per cent slide In pre-tax profit to M 519.6 million for the year ended Sept 30, 1976 the company has424 words
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599 1976-12-01 4 DELVING into the past affairs of South Johore Amalgamated Holdings is like opening a Pandora's box Judging by the statements made by the company's new management since it assumed office in March this year. In Its latest letter to the Kuala Lumpur Stock Exchange,599 words
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920 1976-12-01 4 THE profit decline at Singapore Land, which hit the company In 1975, will continue into the current year ending Aug 31,1977, as more funds are applied to Its construction projects, particularly Clifford CentreHowever, It looks like this would be the last year that920 words
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COMPANY MEETINGS
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Article20 1976-12-01 4 THE following company meetings are due: Dec 6, 11 a.m.. Registered Office, 73 Beach Street, Penans.20 words
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Article13 1976-12-01 4 Dec 11, 6th Floor, Clifford Centre, Raffles Place, Singapore 1.13 words
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14 1976-12-01 4 Dec 9,10 a.m., Registered Office, 31 Shipyard Road, Singapore 22.14 words
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Article20 1976-12-01 4 Dec 18, 12 noon, Conference Room of Goontlng L Crew, No. 7 Jalan Raja Abdullah, Kuala Lumpur.20 words
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17 1976-12-01 4 Dec 18, 9a.m., Registered Office, 13th Floor, UIC Building Shenton Way, Singapore 117 words
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17 1976-12-01 4 William Jacks Company (Malaya) Bhd.: Dec 18, 12 noon, Registered Office, Jalan 13/14 (Jalan Bersatu), Petallng Jaya.17 words
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Article15 1976-12-01 4 Dec 29, 12 noon, 72-A, Jalan Tarn 01, Johore Bahru, Johore15 words
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219 1976-12-01 4 Pahang Con Faber Merlin suspension to remain indefinitely THE shares of Pahang Consolidated and Faber Merlin may remain suspended Indefinitely on the Kuala Lumpur Stock Exchange following last Saturday's KLSE meeting to consider their appeal for relisting. This is believed to have hit a last-minute snag with a surprise decision219 words
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Article26 1976-12-01 4 AMSTERDAM. Tues. Natlonale Investerlngsbank said Its 75 million guilder B*l per cent 10-year loan at par was heavily oversubscribed. Lists opened and closed last Friday.26 words
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Article27 1976-12-01 4 ROTTERDAM, Tues. Trading in the nominal 50gullder shares of the Dutch semi-open-end Investment fund Robeco in Tokyo will start on Dec 8, the fund said, cope27 words
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Article83 1976-12-01 4 BRUSSELS, Tues. Socletes Reunles D'Energle du Bassln de L'Escaut (EBES) will float a 3.5 billion Belgian franc 10year 10.5 per cent loan at 99.50 per cent to yield 10.58 per cent, Soclete Oenerale de Banque said as Joint Issuing consortium leader. Proceeds of the loan, which will be issued83 words
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Article349 1976-12-01 4 Current Ex Date Total for Total for payment Date payable the year previoui year Sime Darby 17.5* Oct. 27 Dec. 1 26% 20% Rahman Hyd. 15* Nov. 3 Dec. 1 22.5% 22.5% "GuiWMM 17.5% Oct. 28 Dec. 1 30% 21.9%b Glenealv 5* Nov. 17 Dec.4 5% 5%a ParitPerak349 words
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Article459 1976-12-01 4 General Motors Holden MELBOURNE, Tu e s.- General Motors-Holden's Australia's largest car maker and a subsidiary of General Motors of the US will spend Allso million before 1980 on design, new equipment, and marketing. GMH's managing director, Mr. Charles Chapman, said this Investment would help prepare the company for the459 words
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LATEST RESULTS
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Article27 1976-12-01 4 INTERNATIONAL WOOD PRODUCTS Net profit of $1.78 million ($l.Ol million loss) on turnover of $19.7 million ($11.82 million) for the first half-year ended Aug 31 1976.27 words
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Article43 1976-12-01 4 SEA VIEW HOTEL Group net loss of $1.38 million (loss $1.55 million) on turnover of $2.6 million ($2.81 million) for the year ended June 30. 1976. Parent net loss $1.37 million (loss $1.52 million) on turnover of $2.34 million ($2.55 million).43 words
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Article44 1976-12-01 4 REPLYING to a Stock Exchange of Singapore query. Alexandra Holdings says its subscription for a further 200,000 shares of $1 each in wholly-owned subsidiary Alexandra Securities was at par and satisfied by cash. This raised the subsidiary's paid-up capital to $3 million.44 words
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706 1976-12-01 4 INTERESTS of directors of Kullm (Malaysia) and the Kulim Group whose assets Kullm (Malaysia) acquired last year were omitted from the scheme document at that time according to a public statement from Kullm yesterday. The directors concerned regret the omission which706 words
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Article1070 1976-12-01 4 On November 29 PRICES were mostly lower on the Chicago Board Options Exchange on Monday. Declines outpaced advances 382 to 98. Volume expanded to 66.830 contracts from 55,282 last Friday. OPTION JAN APL JLY CTP"K Alcoa 45 UNTRD NOL NOL 53 5/8 Alcoa 50 UNTRD 6 UNTRD1,070 words
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Page 4 Advertisements
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Advertisement445 1976-12-01 4 You have only one face make the best of it Advice from Business Times. f fif m If your corporate face isn t as good as it could be Business Times can help change it for the better. Few people place their trust in a total stranger. This has to445 words
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INTERNATIONAL COMPANY NEWS
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326 1976-12-01 5 F.T. JOHANNESBURG, Tues. Rembrandt group has reported a big increase in profits for the six months to end September, but an air of mystery pervades the origin of the increase which the director's comments on the profit announcement do nothing to dispel. At the pre-taxF.T. - 326 words
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162 1976-12-01 5 Reuter LONDON, Tues. International Telephone and Telegraph Corp senior vice B resident, Mr. Richard odgson said 1977 capital spending will be some US$7OO million, substantially up on 1976. About one third will be spent In Europe. In 1975. the company spent $516 million. Mr. HodgsonReuter - 162 words
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Article59 1976-12-01 5 ZURICH, Tues. Schwelzerische Kredltanstalt said It will float a 100 million franc 41/2 per cent 15-year loan at 100.5 per cent from Dec 2 to 8. Proceeds will be used to convert or repay an earlier 12 million francs loan of the former Schwelzerische Bodenkredlt-Anstalt falling due in mid-January59 words
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Article146 1976-12-01 5 Reuter KOBE, Tues. The Kobe District Court said It ordered the assets of Tokushima Klsen Kalsha to be frosen following Its application for court protection under the corporate rehabilitation law to reconstruct its business because of heavy liabilities. The company said It has been operating four ofReuter - 146 words
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Article346 1976-12-01 5 A$ DEVALUATION Reuter LONDON, Tues. UK companies with interests in Australia expect the 17.5 per cent devaluation of the Australian dollar will lead to a general rise in earnings provlded there Is no inflationary explosion, UK company sources said. Thev told Reuters Australian exports shouldReuter - 346 words
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Article274 1976-12-01 5 EZ will benefit Reuter MELBOURNE, Tues. EZ Industries should benefit In the latter part of the current trading year to endJune 1977 from the 17.5 per cent Australian dollar devaluation, chairman, Sir Edward Cohen told the 1975/76 annual meeting. But this could be offset by reductions In zinc sales InReuter - 274 words
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Article162 1976-12-01 5 and Robe too Reuter SYDNEY, Tues. Robe River stands to benefit from the 17.5 per cent Australian dollar devaluation in the short term because its contracts are written In US dollars, company chairman Mr. Bruce Macklln, said. However, he told the annual meeting this will be offset in the shortReuter - 162 words
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185 1976-12-01 5 Reuter FRANKFURT, Tues. German banks are preparing to launch over one billion marks worth or new mark foreign loans next month, the largest monthly total since April, bond market sources said. The provisional total reflects strong foreign demand for the mark as an InvestmentReuter - 185 words
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Article57 1976-12-01 5 FRANKFURT, Tues. The City of Copenhagen Is negotiating with an International banking consortium the raising of a 75 million mark 7 Vi per cent 10year bond, Deutsche Bank said as Joint lead manager. Redemption begins after four years and will take place In six annual stages, either by market57 words
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Article252 1976-12-01 5 Reuter FRANKFURT, Tues. Neckermann Versand KGAA plans to cut its 122.4 million mark capital to an undisclosed amount and then make a one-for-three rights issue, probably at a rate of 82.5 marks per 50 mark nominal share, a statement from Neckermann's chief house bank, -Berliner Handels-Und FrankfurterReuter - 252 words
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Article253 1976-12-01 5 NEW YORK, Tues. A strong recovery In the last quarter has lifted new profit at International Harvester by 50 per cent to U*****.09 million from $115.92 million for the year ended Oct 31, 1976. In the last quarter net profit Jumped from $1.47 million o $48.28253 words
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394 1976-12-01 5 FT STOCKHOLM, Tues. Swedish wage and salary costs have risen more than 40 per cent In two years, Mr. Pehr Qylllenhammar, managing director of Volvo, states In the concern's ninemonth Interim report. Sweden's two primary competitor countries, the US and West Oermany, haveFT - 394 words
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421 1976-12-01 5 FT LONDON, Tues. In spite of a continuing low level of German corporate demand for credit coupled with a persistently high level of private savings which is obliging banks in the country to dump a high proportion of their surplus funds Into comparativelyFT - 421 words
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Article34 1976-12-01 5 SOUTHFIELD, Mich., Tues. Bendix Corp said its directors have raised the quarterly dividend to 50 US cents per share from 43 cents, payable on Dec 24 to shareholders on record on Dec 10.34 words
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203 1976-12-01 5 Reuter HONGKONG, Tues. Winsor Industrial Corp said It expects to maintain its total dividend for the year ending March 31 at the previous year's level of 23 HK cents Irrespective of whether the company Increases its capital as a result of the proposed takeover Hllwin Enterprises.Reuter - 203 words
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Article600 1976-12-01 5 FT AMSTERDAM. Tues. The share capital of DSM. the large Dutch fully Stateowned chemicals company, is to be substantially raised by the Government, a move to take up new shares. The move is designed partially to help the company continue virtually unchanged its ambitiousFT - 600 words
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Article111 1976-12-01 5 SYDNEY, Tues On an 18.2 per cent increase In group income to A 5360.93 million from $305.3 million, ANZ Group Holdings has achieved a 34.5 per cent Jump in net profit to $36.85 million from $27.39 million for the year ended Sept 30, 1976. The profit does111 words
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Page 5 Advertisements
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Advertisement475 1976-12-01 5 i 9 wm®. '< Si »&SaS ~•> ~> m N> <r n >.•. m 1 v >< A r T 4# Lm v, A. 4'j. •i t SS& i\.'V X i«Bta r" ><-, m i > -M 4 'A £ki >-\ HI The Straits Times Annual Stops and Stares Where475 words
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Article2005 1976-12-01 6 SECTION ONE INDUSTRIALS 1976 High Low Company Last Sale +orGr'» div Div c'vr Gr'» y'W P/E Vol C000) Day High Low 250 200 100 237 186 402 204 248 460 137 170 172 60 185 66 254 149 172 394 39 Acma Alcom Allied Choc Bata Ben2,005 words
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Article1028 1976-12-01 6 BID and offer prices officially listed and business in and reported to the stock Kirhange of Singapore yeetsrrtay with the number of shares traded shown In brackets in lots of 1080 units unless otherwise specified All Tttte Settlement Contracts are Siod after the word "Sett." Board deals1,028 words
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Article150 1976-12-01 6 SINGAPORE UNIT TRUST (M«aa«cri' price* for Dec I) The Commerce 1.64 1.74 The Savin* Fund 0 02 0.07 8'pore Prof Fund 0 76 0.81 8'pore Security Fund .1.24 1.31 8'pore Invest Fund 0.M 1.04 ASIA UNIT TRUST (Mut|m' price* for Dec I) Mai Invest Fund i ts 174150 words
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Article128 1976-12-01 6 BOTH 1/2* 19*1 (100.000) (102 V.8 102%5) DB S 8 1/2* 1882 (IM.OM) (90*«B 100'«S) DBS Convert* 6 1/2* 1991 (IM.OM) (96V«8 97«45) E I B 8% 1982 (IM.OM) (102*B 102*8) E I B 8 1/4% 1883 (IM.OM) (WWB 90HS) I B J 8 1/2* 1981 (100,000)128 words
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Article118 1976-12-01 6 s 1/2* 1/12/77 (1.000 000) (101.688 101.78S) wvw,ww 5 ,J/£* 15/4/78 (1.000.000) (101.758 101.858) 5 1/4* 15/7/78 (1,000.000) (101.438 101.SOS) 6 1/2% 15/8/78 (1,000.000) (103.558 103.658) 7% 1/7/7# (1,000.000) (104 788 104.858) 5 1/4* 15/10/79 (1.000.000) (100.758 100 955) 6 3/4* 15/6/80 (1,000,000) (102.908 103.005 M 1)102.88(1)103.00118 words
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Article989 1976-12-01 6 BID and offer price* officially Hated 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. T W (0.448) (1.788 1.8 M) AtoWM (J.IIB 9.140) (1)989 words
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Page 6 Advertisements
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Advertisement137 1976-12-01 6 Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Managament: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Menegement: R. Falk Modern Business Enterprise: M. Gilbert Corporation Man: A.137 words
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Article497 1976-12-01 7 PRICES moved lower after a feeble attempt at rally at the Stock Exchange of Singapore yesterday. Trading volume was again light and confined to about a dozen or so of the market favourites in which some covering acitvity was noted during the morning session. In the497 words
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Article410 1976-12-01 7 TRADING remained quiet and subdued at the Kuala Lumpur stock market yesterday. With poor support coming from both speculators and investors, prices moved within narrow limits, before ending on an easier trend. Turnover, however, Increased to 715,000 units from 580,000 units on Monday. The bulk410 words
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Article105 1976-12-01 7 WASHINGTON, Tues. The International Monetary Fund said New Zealand will borrow 50.5 million special drawing rights from the fund's compensatory financing facility. This is New Zealand's third compensatory financing facility drawing since July 1975. The other two totalled 101 million SDR. The IMF noted New Zealand105 words
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Article40 1976-12-01 7 TOKYO, Tues. For the first half-year ended Sept 30, 1976, after-tax profit at Daiichl Kangyo Bank rose by 22.4 per cent to 12.52 billion yen from 10.23 billion yen. The bank Is maintaining the interim dividend at 2.5 yen.40 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1210 1976-12-01 7 NEW YORK: Stocks retreated In active trading on Monday aa inflation loomed again aa a worry for Investors. US Steal and Bethlehem Steel said they planned price Increase* on sheet and strip steel products, bringing to nine the number of steel firms announcing higher prices. Analysts said the1,210 words
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Article301 1976-12-01 7 AMSTERDAM: The market ruled quietly mixed In general on Monday with Akmo and Hoof ovens weak In Dutch Internationals. Philip* finished unchanged and Unilever and Royal Dutch firmer, dealers said. Elsewhere banks and Insurances showed a firm appearance. Carpet firm BergoM featured losses. It traded down to 105 guilders301 words
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Article260 1976-12-01 7 FRANKFURT: Most shares gained on domestic and foreign investment fund demand on Monday, market sources said. Among notable risers were stores including Karstadt which firmed six mark* and Ranfhof which was 8.20 higher. In banks Commersbank rose 4.30. Major chemicals met lively demand, with BASF up 2.70. Electricals showed260 words
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Article523 1976-12-01 7 TOKYO: The market fell sharply across the board in very limited trading on Tuesday, with Investors concerned about the Dec 5 general election, dealers said. The Dow-Jones average lost 35.01 to 4,500.60, with volume 140 million shares. The new Index fell 1.77 to 345.79. The announcement that Japan's balance523 words
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Article442 1976-12-01 7 SYDNEY: The market feU back across the board on Tuesday, sustained selling pressure with profit-takers moving In following Monday's sharp rise on the dollar devaluation, dealers sma. The Bydney All Ordinaries fell 10.43 points to 418.81 Among minings, Utah lost 25 cents to A 54.45, CRA 20 cents to442 words
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Article303 1976-12-01 7 ZURICH: The market closed generally firmer In fairly active flea lings on Monday, with buying interest bolstered by sustained easier money market conditions, dealers said. Swissair hearer advanced sharply, mainly on foreign investor demand. Leading banks and insurances were cenerally very steady. Batty Bearer firmed In financlais on short303 words
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Article12 1976-12-01 7 MANILA: The market was closed on Tuesday for NaUonal Heroes Day.12 words
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Article252 1976-12-01 7 TORONTO Led by a drop in industrials of more than a point, Toronto stock market indices closed lower In light trading on Monday. Oil refiners were generally weak, with Bbell Canada 'A' down at 13*. Imperial Oil 'A' off Si at If and Texaco Canada down M at 21*.252 words
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Article178 1976-12-01 7 BRUSSELS: The market was sharply higher in active trading on Monday, resuming Its recent strength following the postThanksgiving rise on Wall Street, dealers said. Reserve, Sofina, Sidro, Hoboken. Ceckerill, Clebecq, Wagoae-LIU, Geveert, Solvay. UCB and Coawtra rose GB-Inno-BM, which announced ninemonth profit compared with a loss for the same178 words
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Article144 1976-12-01 7 MILAN: The market cloeed mixed In quieter conditions on Monday, unable to hold the past week's better sentiment due to uncertain signs concerning domestic political developments. dealers said. Despite early firmness, leading industrials closed lower. Aeslcahilssil Geasral lost In Insurances while Medlehaacafirmed In banks Ra«t«gi gained m mixed financlais.144 words
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Article379 1976-12-01 7 PARIS: The market waa lower on balance on Monday mainly on the Government's warning late last week that sectors of the economy continuing to show excessive price rises In the next two months will not benefit from the lifting of the price freeze on Jan 1. Dealers said trading379 words
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Article400 1976-12-01 7 JOHANNESBURG: Gold shares traded quietly easier throughout the day on Monday, following the lower London morning fixing dealers said. Among medium stocks, Kinreea shed 10 cents to 395. while lightweight stock Leslie dropped three cents to 55. Western Holds gained 40 cents to 2,410. Financial minings were mixed to400 words
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Article87 1976-12-01 7 NOV Bafiu Aala Fibre lies Bangkok Bank 231 unch Bangkok Invest. 151 -1 Bangkok-Metro-politan Bank 3M 8 Berll J ucker 1U ♦J Ctiaroong Thai Wire 149 -2 Dumex DtultTttanl Fiber Merlin FtratTniat Indo-Thal J And J Ho 180 •f 23 Jalaprathan Cement 73 uncti KttMMlt 378 Lee Kwanff Mln87 words
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Article430 1976-12-01 7 HONGKONG: The market closed narrowly mixed in (airly quiet trading on Tuesday, after opening lower on profit-taking following Monday's sharp rise, dealers said. The decline on Wall Street may also have depressed prices Initially but high prices at Tuesday's land auction boosted the market in the afternoon, with Hongkong430 words
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Article94 1976-12-01 7 FINANCIAL TIMES INDUSTRIALS Monday Friday Week ago TIN8 Monday 114 93 Friday 113 52 Week ago 118 M RUBBERS 515.02 509 47 Week ago 495.72 OILS Monday 391 14 Friday 390 83 Week aco 375 90 DOW JONES AVERAGE INDUSTRIALS 950.05 Friday 956 62 Wftk turn 955.87 LONDON DOLLAR94 words
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Page 7 Advertisements
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Advertisement40 1976-12-01 7 =tr Ua WIL E L" I t 4 :t< talis, neavc se Penguin nd-stimula >me< that ader <■ p !1%l P J* uu sen read edu So, y in 'Ce ton Wa IV represented by Federal Publications since 1970 k L40 words
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COMMODITY REPORTS AND PRICES
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Article603 1976-12-01 8 LOWER overseas advices made for a fractionally easier opening In the Singapore rubber market. Later December RSB one fell to the 202.00 cents level on light stale bull liquidation) from upcountry, dealers said. After noon, however, Increased demand for nearbys took December back to opening levels, they said.603 words
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Article94 1976-12-01 8 DAILY SSR and SMR prices at noon yesterday: R.A.S. Dec. (Correal Mth) Buyers Sellers (emu par kg) Jaa. (PerwaH Mtk) Bayers Sellers (eeats per kg) °3R 20 6SR SO (1-ton Pallet) (1-ton Pallet) 188.00 185.90 190.00N 187 SON 189.00 186.90 191 00N 188.90N M.R.E.L.B. SMRSCV SMRSL SMRS94 words
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Article223 1976-12-01 8 THE Straits tin price in Penang yesterday row 92.00 to close at *1,2*4.00 per picul on an official offering up 18 tonnes to 331 tonnes. In LONDON, yesterday, tin closed some £12 per tonne up tor cash and £25 higher for three Months in both contracts. The market223 words
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Article30 1976-12-01 8 Rubber: Nov 30 Singapore: Dec. 202.25 cts (down 9.59 cts.) Malaysia: Dee. 207.00 cts. (dowa 0.50 eta) Tin: 31,244.00 (up 32.00) Official offering: 331 tonnes (up 18 tonnes)30 words
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Article50 1976-12-01 8 LONDON, Tues. Lead tonnea TTsTX&TO??*"* Months.Trading was fairly jjjj steadiness* Reflecting 'the Months. The market held in coSSr although «teady on moderate coverl£ht proftl filing shaded lng Interest around the £291 Three Months from £292 to gjjl tor Months. £291 in the absence of fresh Sales were 1,300 tonnes.50 words
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Article125 1976-12-01 8 THE following Pmlm CM) price* wt Tt quoted In London on Monday. The price* are elf Rotterdam and are quoted In US dollar per lone ton unlet* otherwise stated. Meaday Pre*. Malaysia 5* ffa bulk 405 *lr Dec. unch Jan unch 4(6 air Feb unch 456 *lr Sumatra125 words
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Article255 1976-12-01 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Cocoaul Oil: Bulk (77* teller*. oM drum (S3* teller*, new drum *87* teller*. Copra: Mixed (looee) UK/ Cont. (47* buyers Ptpper: Muntok AST A white f.o.b. IOOS NLW 1317* teller*. Sarawak white f.o.b. M% NLW *300 teller*. Sarawak255 words
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Article316 1976-12-01 8 IN a very quiet gold market yesterday, the metal opened and cloeed at U*****.15 per ounce, having seen U*****.40 at one point. There were no special features In the market to Influence traders who quickly dismissed as unsupportable, a rumour that the Russians would be major sellers before the316 words
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Article235 1976-12-01 8 LONDON, Tues. Copper wlrebars gained mostly £4 per tonne. A steadier tone developed on the premarket where Three Months traded from £794 up to £797 per tonne on modest shortcoverlng prompted by the closing New York trend and a softer tendency In sterling. In the ring, the tone was235 words
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Article51 1976-12-01 8 LONDON, Tues. Zinc showed no basic change from previous closing ring levels. The market was well maintained on shortcovering and further nearby support, three months traded from £384 In the premarket up to £388 in the ring while Cash finally changed hands at £369 per tonne. Sales were 197551 words
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Article269 1976-12-01 8 LONDON, Tues. Terminal opened quiet with prices £1.10 to £0.50 below Monday's close and sales totalled 273 lota. Dealers said the Peru sale of 8,000 tonnes of raws at a price equivalent to 8.07 cents per lb fob was fractionally above world market levels. Quiet conditions continued and values269 words
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Article139 1976-12-01 8 CHICAGO, Mon Wheat futures cloeed with losses of six to 5-1/2 cents a bushel on speculative selling. Selling was prompted by the devaluation of the Australian dollar and the sharp declines in the Canadian dollar In currency markets. The currency actions are expected to further hinder the competitiveness of139 words
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Article180 1976-12-01 8 CHICAGO, Mon. Soybean futures recovered early los- < ses on late shortcoverlng i which took prices to gains of i 1/4 to 2-1/2 cents a bushel at i the close. Early speculative selling i pushed prices lover on the i weakness of wheat futures. 1 Although Its effect of180 words
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Article187 1976-12-01 8 LONDON, Tues. Stiver finished 2.0 to 1.9 per troy ounce up. The movement reflected overnight gains at New York, dealers said. Values drifted away slightly from earlier higher levels following the bullion dealers fix, with Three Months finally changing hands at 270.1 p. Carries accounted for about half the187 words
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Article230 1976-12-01 8 LONDON, Tues. The terminal initially opened £22 up from Monday's close with Mch traded at £2,490 per tonne. By the end of the opening call with the tone barely steady, values were mostly £18 to £25 higher with the exception of Spot Nov, which gained £51 prior to this230 words
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Article209 1976-12-01 8 BANOKOK. Tues. Indicative prices for rice quoted yesterday were: US dollars par tonna FOB but* Bangkok White Rica: 100 par cant 1st class M0, 100 par cants Snd class >70. 100 par «ant Srd class 170, S par cant >00. 10 par cant ST. ISpar cantSM, SOpareantm, 10 par209 words
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MONEY AND EXCHANGES
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Article560 1976-12-01 8 INTEREBT rates for overnight funds rallied strongly yesterday In the Singapore domestic money market. They went to as high as 2ft per cent at one stage followlng the presence of desperate bidders for funds to square their position on Liability Base Day. Dealers generally attributed the rise to manipulation560 words
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Article131 1976-12-01 8 Asian rate ASIAN currency deposit Inurtank r»ua m at cion on No*. JO. WNhnM O&m m 7 d*y» 14/14 "i 11/14 1 mllw 4 1/1# 14/14 ImltM 11/8 > IBUM 11/4 •bum 7/m a via amtiu a ii/ta a a/ia limtiw a 11/ia au/ia la.fM. Dm. 1 mlA Intta ImtiM131 words
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Article55 1976-12-01 8 Euro rates LONDON. Tu«». eurodollar deposit* opened marginally lower where chanced and showed little movement in early quiet conditions, dealers said. Sope dealers noted a slightly softer undertone In a few periods with general Interest and rollovers light. Near day to day rates edged 1/16 easier from openings In routine55 words
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Article319 1976-12-01 8 LONDON, Tues. The Canadian dollar traded nervously around its North American close when dealings opened here, quoted at 97.12/15 US cents compared with the London overnight close of 97.70/75, dealers said. The Canadian unit has now fallen 5.20 US cents since the Quebec election victory by the Separatist Parti319 words
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Article187 1976-12-01 8 NEW YORK, Mon. The Canadian dollar closed ltt cents below Friday levels after falling under 97 U8 cents for the first time since July, 1970, dealers here and In Canada said. Canadian market volume hit a record U8 8730 million compared with the previous 8830 million high set187 words
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Article110 1976-12-01 8 HONOKONO, Tues. The U8 dollar was quoted around HK84.7450/ 70 in lute afternoon trading, easier than Monday's late 84.7520/ 70 and opening levels around the $4.75 level. Sterling remained steady at U581.8510/20 in quiet trading throughout the day, compared with the New York close Of 81.8533/ 38. The Australian110 words
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Article123 1976-12-01 8 TOKYO, Tum. The U8 dollar for overnight delivery moved higher to doee at 296.45 yen, compared with 295.70 at the opening end 295.55 at Monday's doee. Dealers attributed the rise to a slowdown In the sale of export bills and also some covering of import contracts with nearby forward123 words
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Article56 1976-12-01 8 Minimum lending rates (in ACBC 6* Algemene Bank g% Bangkok Bank ..7* Bank of America 8* Bank of China.. .7* Bank of Tokyo .6* Bank Negara Indonesia 7'« Chartered Bank Chaae Manhattan 6* DBS «v» First Chicago 8* Citibank 6* HSBC 7 Indosuet Malayan Banking Mitsui Bank OCBC OUB 6%56 words
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Article39 1976-12-01 8 ZURICH exchanges quoted on Nov 29: US 2.4408-4415 UK 4.0205-0235 Can 2.3910-3925 W.Germ 101.57-64 Neth 97.33-41 France 48.87-91 Belg 6.63-1/2-64-1/2 Denm 41.49-52 Norw 46.71-74 Swed 58.30-34 Italy 0.2818-2821 Austria 14.31-32 Port 7.73-76 Spain 3.57-57-3/4 Arg 0.85-1.15 Japan 0.82-1/2-8339 words
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Article53 1976-12-01 8 AUSTRALIA/ NZ exchanges quoted on Nov 30: Australia: Sterling 0.6157/ 0.6087 US dollar 1.0147/ 1.0099 Ninety day air mall buying rates: Sterling 0.6463, US dollars 1.0381 Ninety day forward buy"Iterllng 0.6338, US dollars 1.0160 New Zealand: Sterling 0.5479/ 0.5467 US dollar 0.9113/ 0.9013 Ninety day forward rate: Sterling 0.5895,53 words
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Article32 1976-12-01 8 FRANKFURT exchanges opening quotes on Nov 30. US 2.4045/60 Can 2.3371/84. UK 3.960/975 Neth 95.77/92. Swltz 98.35/50. Italy 2.772/787 France 48.10/25. Norw 45.87/90. Belg com 6.530/545 Belg fin 6.45/46. Japan 0.8135/55.32 words
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Article267 1976-12-01 8 LONDON, Tues. Eurobonds traded mixed in generally quiet conditions, dealers said. US Issues were steady to a shade easier among the newer issues in low volume. Japanese Issues were little changed among convertibles ahead of the Japanese general election while U8 bonds traded quietly mixed. STRAIGHT* BID OFFER267 words
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Page 8 Advertisements
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Advertisement437 1976-12-01 8 1 0 n S iS ""MUiiii i ""fe THE GREAT BOOKS OF WESTERN CMLIZAnON These are the books that had to bum. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies, withered tyrants,437 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration923 1976-12-01 9 ROGER JEAL - By ROGER JEAL Reuter The Mass Transit Railway Corp does not anticipate any need to seek further local or international borrowing before August next year and certainly not a local bond issue, corporation chairman, Mr. Norman Thompson said. Anticipated costs until thenReuter - 923 words
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Article154 1976-12-01 9 AP LONDON, Tues. Declining Transatlantic grain rates provided the main feature on a' quiet freight market yesterday devoid of fresh grain enquiry. US Gulf shippers managed to find early loaders willing to accept the low level of US$ 6 (FIO) for movements to bothAP - 154 words
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Article, Illustration330 1976-12-01 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Centaur (1230 after Turkmeniya) 45 Crikvenica (after Hungsia) 44 Honan Maru (JKBD) (2300 after Sea Brave) 38/39 Jalamani (0600 after Thomaseverett) 18 Joan D'Arc (0600 22 King River (0600 24 Mallory Lykes (after Tonsberg Ovanes Tumanyan hauls) 33/34 Margrethe Maersk (0500 after Hoegh330 words
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535 1976-12-01 9 TERESA LIM - By TERESA LIM THE silence over the oil-rig building industry, after the noisyboom days of 1974 and 1975, Is almost deafening, and the Industry does not know when It will cease. "The situation," said Mr. W.S. Cutter, vice-president of Marathon LeTourneau, "has not535 words
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Article526 1976-12-01 9 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE PAA PA841 0950 SFO/HNL/GUM CAL CI816 1000 HLP JAL JL712 1000 HLP SIA SQ211 1010 HLP CPA CX7I0 1030 HLP OIA GA980 1030 HLP THAI T0423 1035 BKK THAI TQ981 1045 BKK OIA OA908 1100 MES526 words
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Page 9 Advertisements
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Advertisement408 1976-12-01 9 He is the new chid in a new age. He needs thetencyc 3zm m The child of today is more involved. 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 needr. He jfjJ2sl needs a totally408 words
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Article, Illustration754 1976-12-01 10 ALEXANDER HIGGINS - By ALEXANDER HIGGINS AP SOVIET leader Leonid Brezhnev has returned to Moscow and will celebrate his 70th birthday on Dec 19 after a campaign to build unity where he could among European communists. Differences remain, but Mr. Brezhnev and leaders ofAP - 754 words
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Article, Illustration1184 1976-12-01 10 BEIRUT, Tuesday Financial Times FOR the first time in 18 months there is a feeling of optimism In Beirut. It Is diffident and incredulous but It is nevertheless there. It has nothing to do with a concrete vision of the future shape ofFinancial Times - 1,184 words
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701 1976-12-01 10 ROBERT LINDLEY - By ROBERT LINDLEY Financial Times ARGENTINA has lost its long-held place as the world's number one exporter of beef. The reason Is, of course, the European Common Market's decision in July, 1974, not to buy meat for the time being from "third countries."Financial Times - 701 words
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711 1976-12-01 10 ROBERT; TAYLOR - Britain's miners must work until the age of 65 before retiring on full pension they are the only miners in the industrial world in this predicament. A call has now gone out for industrial action unless the rule is changed. ROBERT TAYLOR, The Observer'sOFNS - 711 words
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Page 10 Advertisements
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Advertisement191 1976-12-01 10 rti i i MONTHLY ECONOMIC REPORTS With monthly politico! supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The191 words
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174 1976-12-01 11 THE Industrial Training Board is making great efforts to promote apprenticeship as the most suitable way of providing firms with certain types of skilled workers they need. The pattern recommended by the board is a three year programme integrating a first year of174 words
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539 1976-12-01 11 BRITAIN'S RACE BOARD URGES: Reuter LONDON, Tues. Britain's race relations board today urged the Government to go on the offensive against racialism by using its powers of awarding commercial contracts to check racial discrimination in employment. "We fail to understand why the Government shouldReuter - 539 words
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436 1976-12-01 11 Peace force rolls south thanks to US mediation UPI BEIRUT, Tues. American mediation between Syria and Israel appeared to have paved the way today for the advance of Arab League peace-keeping forces into southern Lebanon. US Charge d'Affaires George Lane told President Ellas Sarkis yesterday he would ask the StateUPI - 436 words
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341 1976-12-01 11 UPI UNITED NATIONS. Tues. Mr. Luis Echeverria, retiring President of Mexico, has made it official that he is opposing Mr. Kurt Waldheim of Austria in the contest for UN SecretaryGeneral. Mr. Echeverria. who leaves the Mexican presidency Wednesday, claimed support of "numerous memberUPI - 341 words
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Article141 1976-12-01 11 Reuter BANGKOK, Tues. Thailand's privately-owned international airline. Air Siam. has sold the lease of one of its two aircraft, a DC--10, to Korean Air Lines (Kal) a company spokesman said here today. The deal, which "accrued to Air Siam a substantial amount of money," wasReuter - 141 words
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Article42 1976-12-01 11 UPI TOKYO, Tues. About 30 representatives from nine Asian and Pacific nations will take part in a three-day International seminar on rice growing opening In Tokyo today. Officials of the International Rice Research Institute will also take part UPIUPI - 42 words
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Article239 1976-12-01 11 THE first international boat show ever to be held in Singapore will open here next year, from June 17 to 22. It will also service South-east Asia as the only boat show in the area, apart from those held in Sydney and Tokyo. About 100239 words
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Article68 1976-12-01 11 UPI PARIS, Tues. Italian communists formally entered the Western European Union Assembly, a European group devoted to defence matters, yesterday and announced they had joined forces with French communists to create a special group within the organisation. By forming a group, the six communist members ofUPI - 68 words
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94 1976-12-01 11 THE Ministry of Health has prohibited the import of erthromycln estolte, an antibiotic used mainly In the treat of pneumonia, and has asked for all supplies to be returned. The Ministry announced that the drug has been found by the World Health Organisation94 words
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Article60 1976-12-01 11 Reuter KARACHI. Tues. The leader of a Soviet economic delegation said here yesterday he had detailed talks with Pakistani officials on an oil and gas exploration programme. Mr. Sergeev, who Is on a one-week visit, today met Prime Minister Zulflkar All Bhutto to discuss Soviet assistance InReuter - 60 words
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564 1976-12-01 11 THE people of the Asean region, like millions around the world, feel the most serious problems In their countries are those related to improving basic needs. Their main concern is their countries' ability to overcome the high cost of living and inflation followed564 words
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827 1976-12-01 11 NYT NEW YORK: The unemployment statistics that determine the flow of tens of billions of dollars in Federal job aid to states and cities are about to get a total overhaul. Once of interest primarily to academics, the figures have become so sentitive aNYT - 827 words
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Article83 1976-12-01 11 A SEMINAR on 'Hazards at construction sites and the Law will be organised by the Professional Engineers Board and the Board of Architects on Dec 17 and 18 at the Regional English Language Centre. Papers presented will include an in-depth study of the implications of83 words
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Article106 1976-12-01 11 AP WELLINGTON. Tues. A revised trade agreement between New Zealand and the Philippines was signed here today by Mr. Brian Talboys, New Zealand Overseas Trade Minister and Mr. Troadlo Qulazon, Philippines Secretary of Trade. Mr. TaJboys said the revision of the original IWB agreement has been madeAP - 106 words
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Page 11 Advertisements
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Advertisement574 1976-12-01 11 APPOINTMENTS VACANCY POST OF ADMINISTRATIVE OFFICER Applications arc invited from mala Singapore Citizens who have completed Full-time National Service, for the above poet:— Selery Between $1,270 and $2,540 p.m. (Gross) (Note: Tha commencing salary will depend on qualificetions and experience). Age: Below 30 yeer« old. Qualifications: (a) A recognised good574 words
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Advertisement511 1976-12-01 11 WE REQUIRE FOR PLANNING, MANUFACTURING, RESEARCH, PROJECTS Qualifications Experience: Recognised degree in Electronics, Electricai, Mechanical or Production Engineering. 2 5 years industrial experience since graduation. Able to work in a team. The jobs demand dynamic people with innovative and analytical mind. People with a zest for hard work. Selected candidates511 words
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329 1976-12-01 12 SINGAPORE'S foreign reserves a major Indicator of the strength of the economy have shot past the $8 billion mark. Its foreign assets totalled $8,016 billion In August, according to the latest monthly statistical report of the Monetary Authority of Singapore. This represents a slight329 words
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Article218 1976-12-01 12 KUALA LUMPUR, Tues. The Government will remove legislation and regulations which are causing concern to foreign Investors. Finance Minister Tengku Razaleigh Hamzah said today. He added: "We are a responsible government responsive to public opinion. If we have made mistakes we will correct them." Tengku Razaleigh218 words
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Article151 1976-12-01 12 KOBE Steel's regional representative office in Singapore will be officially opened today. Officiating are Mr S. Ishii and Mr. S. Akimura, directors and senior executive officers of the conglomerate. The regional office, which will serve the Asean region, will co-ordinate after sales services required by regional151 words
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Article768 1976-12-01 12 LONDON. Tues. The stock market closed easier but above the day's lows after a relatively quiet session, dealers said. At 3 p.m the Financial Times index was off 4.9 at 297.5 after a low of 294.3. Earlier, some nervous selling was triggered off by press speculation on the768 words
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144 1976-12-01 12 FAR East-Levingaton and Marathon LeTourneau have netted $66 million worth of contracta to build veeaels for the offshore induatry. Thia ia part of their diversification drive from total dependence on the oil-rig market. Far Eaat-Levingaton haa won a $40 million order to build two144 words
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Article157 1976-12-01 12 THE currency adjustment factor (CAF) for cargo shipped on the Singapore/ Australia route has Increased from seven per cent to 20 per cent, following the 17'/j per cent Australian dollar devaluation. The increase took effect yesterday. The net effect of the CAF is therefore the157 words
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Article127 1976-12-01 12 SINGAPORE is to be the site for the brain-box of the multi-million dollar electronic navigation system which Is to be Installed in the Straits of Singapore and Malacca. Various sub-stations will be set up in Indonesia and Malaysian waters to coordinate with the main station at127 words
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Article97 1976-12-01 12 AP CANBERRA, Tues. Australian Labour Party leader and former Prime Minister Gough Whitlam declared today a future Labour Government would be under no obligation to honour uranium contracts entered into by the present Liberal-National Country Party Government. Mr. Whitlam told the House of Representatives no newAP - 97 words
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Article, Illustration498 1976-12-01 12 FINANCE houses are being squeezed out of Singapore's development as a financial centre, according to Mr Sla Yong, chairman of the Finance Houses Assocatlon. This group of over 30 institutions faces a "stagnating future" unless the authorities agree to reforms to widen498 words
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Article113 1976-12-01 12 A 16-MONTH old dispute between 21 local traders and Oyama Shipping of Japan which had dumped some $350,000 worth of vegetables bound for Singapore has been settled "amicably". This was revealed by the president of the Singapore Chinese Chamber of Commerce, Mr. Tan Keong Choon, at113 words
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459 1976-12-01 12 KUALA LUMPUR. Tues. Si me Darby's proposal to hive off Its Malaysian Interests and put them into a new Kuala Lumpur based company would still have left the British-directed Singapore headquartered conglomerate In control of the Malaysian assets, at least for a considerable period459 words
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400 1976-12-01 12 NEW Zealand's seven per cent devaluation Is unlikely to make any significant impact on the country's trade with Singapore. It will not greatly upset the balance of trade which runs in Singapore's favour, according to local manufacturers and importers, even if400 words
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139 1976-12-01 12 KUALA LUMPUR, Tues. The Securities Industry Bill, passed by Parllment three years ago. will be gazetted soon, Finance Minister Tengku Razalelgh Hamzah said today. "Once this Is done, we will adopt very stringent measures to ensure proper dealings in securities," he said. Tengku Razalelgh139 words
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Article82 1976-12-01 12 KUANTAN, Wed. An-eight-member Asian Development Bank mission arrived here yesterday for an on-the-spot study at the Pahang Tenggara scheme, and to look Into the possibilities of providing a second loan to finance some of the projects. The group, led by Mr. M.S. Perere, senior rural Institute82 words
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Article370 1976-12-01 12 LOAN demand in Singapore next year will not be dramatic, but ii expected to grow by at least 7 per cent and perhaps by as much aa 16 per cent, Citibank predicts in its October/November Economic Letter. Looking at industrial activity, the letter predicts a further downturn370 words
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Article80 1976-12-01 12 THE recently concluded Enex 76, featuring electrical and electronic equipment of 130 manufacturers from 14 countries drew over 31,000 visitors, according to provisional estimates. This, according to the organisers of the exhibition, are only preliminary estimates, with the actual figure believed to be more. A further80 words
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Article130 1976-12-01 12 THE PAP'» latest candidate for the coming election i> Encik Mentor bin Haji Sukaimi, S3, a principal auiitant secretary in the Ministry of the Environment since May 1974. Encik Mansor is the 11th candidate to stand under the ruling party's banner. The announcement made yesterday130 words
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Article86 1976-12-01 12 THERE are no known counterfeits of the new $10 notes now in circulation, the Board of Commissioners of Currency yesterday stated, and the more visible security thread is merely a new security measure. The new security thread is more visible because It has micro printed86 words
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Article106 1976-12-01 12 HOTEL Asia yesterday filed a writ in the high court against Mr. Larry Brattain, a hotel guest, claiming $13,910.70 allegedly due for room let, food and drinks consumed, overseas telephone charges and services rendered. Hotel Asia is represented by Philip Wong and Company. ZEE Chin and Co, a firm106 words
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95 1976-12-01 12 Reuter MELBOURNE. Tues. Nissan Motor will spend US$42 million (SSIOS million) over the next four years to boost its share of the Australian small car market, executive managing director M. Okuma told a press conference. Mr. Okuma is visiting Australia to finalise Nissan's entry intoReuter - 95 words
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228 1976-12-01 12 Reuter JAKARTA, Tues. Singapore has agreed to disclose trade figures to Indonesia to help Jakarta curtall smuggling activities between the two countries, the daily newspaper reported today. The newspaper said the agreement was reached In yesterday's talks in Singapore between President Suharto and. PrimeReuter - 228 words
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Article192 1976-12-01 12 KUALA LUMPUR, Tues. Shareholders opposing the deal between Kulim (Malaysia) and the Johore State Economic Development Corporation say they will be taking legal action against the company within this week. This follows a poll vote on the deal taken at Friday's extraordinary general meeting of192 words
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Article203 1976-12-01 12 OVERSEAS Textile Company is undergoing a corporate reorganisation under the new management that took over the running of the company from Mr. LuiSung Tao. Market sources said that under the programme to trim down excess capacity, OTC is planning to retrench workers and some203 words
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Article151 1976-12-01 12 THERE will be growing "security consciousness" among the business community here, as the Republic develops as the regional financial centre. This was the prediction of Mr. Doc Taliaferro, a security consultant with Traco Associates, who was here for an exhibition of security equipment for commerce and151 words
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Page 12 Advertisements
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Advertisement139 1976-12-01 12 IL»- 111 11 ■I B Show-flat open till 10 p.m. 52 You don't have to be a King to live like one. Come to King's Mansion and see the royal features we offer you *102 units and penthouse each a paradiss in itself. •Two passenger lifts on seperate alactrtc circuits139 words
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