The Business Times, 3 December 1976
1976-12-03
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The Business Times
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Title Section10 1976-12-03 1 BUSINESS TIMES M.C.(P) 1455/76 FRIDAY, DECEMBER 3, 1976 50 CENTS10 words
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NEWS IN BRIEF
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Article96 1976-12-03 1 LONDON, Thurs. The Organisation of Petroleum Exporting Countries (Opec) for the first time has made the grade with British bookmakers who normally are prepared to take bets on anything. British punters were yesterday invited to take bets on how heavy an oil price increase Opec96 words
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Article62 1976-12-03 1 Reuter UNITED NATIONS, Thurs. Panama yesterday became the first member of the Security Council to announce Its support for former Mexican President Luis Echeverria in his quest for the post of UN Secretary-General. The Panamanian UN mission disclosed today that its foreign minister Aquillno Boyd, told Mr. WaldheimReuter - 62 words
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Article87 1976-12-03 1 Reuter PARIS, Thurs. An opinion poll showed French socialist leader Francois Mitterrand would be outright winner if a Presidential election were held now. The poll, published by the Quotidien de Paris, showed Mr. Mitterrand would get 51 per cent of the first round vote against 35 per centReuter - 87 words
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Article65 1976-12-03 1 Reuter OSLO, Thurs. Powerful short-wave radio signals from the Soviet Union that have disrupted Scandinavian communications are being transmitted by a long-range military radar system being tested to see over the horizon, Norway's Defence Minister said today. Denmark and Sweden have already asked the Soviet UnionReuter - 65 words
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Article84 1976-12-03 1 UPI LONDON, Thurs. The British-French supersonic jet Concorde may be the world's fastest airliner but it is definitely not quiet and does not reduce jet lag, the British advertising authority ruled yesterday. The authority upheld three complaints filed against British Airways and Air France charging thatUPI - 84 words
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Article59 1976-12-03 1 AP OTTAWA. Thurs. The Canadian Government spent 802.9 million of its US dollar holdings to ease the slide in value of the Canadian dollar during November, the Finance Department reported today. The massive intervention drew down official reserves of US dollars by 23 per cent to $2.71AP - 59 words
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Article59 1976-12-03 1 Reuter TOKYO, Thurs. Britain's Civil Aviation Authority (CAA) has informed Japan and five other nations of the necessity to inspect some of the engines of Lockheed TriStar jet liners, the Japanese Transportation Ministry said today. The ministry said the message received did not order the grounding ofReuter - 59 words
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Article53 1976-12-03 1 Reuter BEIRUT, Thurs. Lebanon's civil war has left more than 300,000 people destitute, a Red Cross spokesman said here today. Most of them are Palestinians, including thousands driven out of Tel Al-Zaatar. The crowded Beirut refugee camp which fell to rightwing forces after a 52-day siegeReuter - 53 words
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Article42 1976-12-03 1 UPI BANGKOK, Thurs. Laos celebrated its first independence day on Thursday with a parade in Vientiane featuring floats depicting the country's progress during the past year. Significantly absent from the morning's official parade were senior government officials.UPI - 42 words
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Article44 1976-12-03 1 UPI NEW YORK, Thurs. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 951.80, up 2.42; 20 transp 227.51, up 0.31; 15 utils 102.12, up 0.41; 65 stocks 309.12, up 0.77. UPIUPI - 44 words
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Chief Prices Changes
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Article166 1976-12-03 1 SHARES staged a mild rally at the Kuala Lumpur Stock Exchange yesterday. However, trading ended on a mixed note. The Singapore stock market was closed for the Hari Raya Haji holiday. The Malaysian Business Times index fell 1.% points to 179.07 while the New Straits Times In~166 words
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747 1976-12-03 1 SUDDEN DEPARTURE TO LONDON INFORMED sources said last night that the London Takeover Panel is expected to rule that points raised by Kleinwort Benson on behalf of Sime Darby, following Rothputra Nominees' claim to have the support of proxies equivalent to 26 per cent747 words
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1200 1976-12-03 1 AP UPI IN one of the most dramatic business coups for many a day, negotiated over eighteen months in total secrecy, Mr. Giovanni Agnelli of the Fiat motor company and Colonel Gaddafi of Libya have agreed a US$4l5 million (551.02 billion) cash-for-sharesAP; UPI - 1,200 words
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420 1976-12-03 1 COSTS of developing the Lucky Plaza shopping, commercial and social complex In Orchard Road have more than doubled to over (200 million since the project was first announced in 1972. This was disclosed today in an announcement by the dvelopers Far East Organisation on420 words
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Article120 1976-12-03 1 LONDON, Thura. Application will be made at the Mansion House court tomorrow for a further adjournment in the Department of Tradeand Industry's prosecution against financier Jim Slater for alleged offences under the Companies Act. The court agreed last month to an adjournment from the original120 words
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Article141 1976-12-03 1 UPI BRUSSELS, Thurs. The US dollar opened stronger on moat European markets today but dipped slightly against the pound sterling which showed an all-around improvement. In Frankfurt, the dollar opened at 2.4170 marks against 2.4150 at Wednesday's close, in Zurich at 2.4579 Swiss francs against 2.4449,UPI - 141 words
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400 1976-12-03 1 THE Thai Prime Minister Thanin Kralvlchlen yesterday conferred with Prime Minister Lee for two hours In the second of his visits to explain his country's position to its Asean partners. The Thai Government has leaned distinctly to the right since military takeover in400 words
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Article227 1976-12-03 1 AP MANILA, Thurs. Asean asked the European Economic Community today to lift Its threat to ban certain Asean textile exports from the Common Market. Asean also expressed concern over a proposed EEC tax on vegetable oil. and proposed a "system of prior consultations on matters affectingAP - 227 words
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Page 1 Advertisements
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Advertisement53 1976-12-03 1 Q3Wtn BATTERY LK3 __1 Round sw button *****) Lights first Ur 111 everytime 8200 p ree life-time service Tel:*****1 Overseas News/TV A Radio Overseas News Features Local Co News International Co News Local stocks Overseas stocks P 2 Commodities Transport Comp 3 munications Features 4 Local 6 Overseas news Local53 words
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Advertisement109 1976-12-03 1 Copy large size originals on one sheet, size for sizeno trimming, no sticking together. Xerox 3103 No matter what the originals. Up to 14" by 18" or 356 mm by 457 mm. Solids. Half tones. Or pale blue. The Xerox 3103 gives perfect reproductions. Every time. Size for size. On109 words
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Advertisement9 1976-12-03 1 For full details of the deal, see page 59 words
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Advertisement183 1976-12-03 1 i W /fs/) f par 'GOLF PTE LTD the golfers' shop V. <A« [A',! t,«Oi[>.Su CtN T «fc Wayfoong MAF loan can help you get through the difficult months of any business A big idea isn't enough. A business needs Wiyfoong MAF. Wayfoong MAF can help a new business get183 words
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OVERSEAS
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373 1976-12-03 2 IT'S PUBLICLY ADMITTED UPI Reuter WASHINGTON, Thurs. President Ford's Adr ministration has publicly acknowledged (or the first time that It Is negotiating to prevent an oil price Increase by the Organisation of Petroleum Exporting Countries. Mr. Ron Nessen, the White House press spokesman,UPI; Reuter - 373 words
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372 1976-12-03 2 AP PARIS, Thurs. An Arab oil expert predicted yesterday that oil producers will probably increase crude oil prices between 10-15 per cent although a doubling of prices would be justified. The 13-member Organisation of Petroleum Exporting Countries (Opec) meets next month in Qatar to consider aAP - 372 words
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117 1976-12-03 2 Reuter SANTIAGO, Thurs. Chile plans to repay fully foreign debts of US$9OO million (552.2 billion) due next year, a Finance Ministry spokesman said here. It does not plan to seek to reschedule part of these debts with its creditors in the Club ofReuter - 117 words
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200 1976-12-03 2 Reuter ROME, Thurs. The Parliamentary Commission investigating the Lockheed bribes scandal has decided to start proceedings against former Prime Minister Mariano Rumor on charges of corruption. Last night's 10-9 vote to start proceedings followed a unanimous decision on Tuesday to open anReuter - 200 words
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Article, Illustration58 1976-12-03 2 Mr. Giovanni Agnelli, president of Fiat (Italy's largest car manufacturer), announcing at a press conference in Turin on Wednesday that the Libyan Government is investing US$4l5 million (Ssl billion) in the company in exchange for a 9.6 per cent stake. Beside him is his brother, Mr.58 words
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Article383 1976-12-03 2 Reuter MEXICO CITY, Thurs, President Jose Lopez Portillo, sworn in as Mexico's new head of state for a sixyear term yesterday, today began his attack on the country's economic ills. At his inauguration the 56-year-old former Finance Minister promised sharp austerity measures, cuts In government spendingReuter - 383 words
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367 1976-12-03 2 UPI CAIRO, Thurs. Foreign Minister Ismail Fahmy urged the two super powers, In an interview published today, to summon the Geneva Middle East peace conference Into session early next year, and submit specific proposals for working out an overall ArabIsraeli settlement. Mr. FahmyUPI - 367 words
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85 1976-12-03 2 Reuter ANKARA, Thurs. The Turkish Government proposes a 1977 budget of 220 billion lira (Ss34 billion), a record one-fifth of it earmarked for defence. Finance Minister Yllmaz Ergenekon told a press conference here today that the budget was presented to Parliament late lastReuter - 85 words
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Article41 1976-12-03 2 Reuter UNITED NATIONS, Thurs. Western Samoa, an independent state since 1962, today was unanimously recommended by the security council for membership of the United Nations. It will become the 147 th member of the world body.Reuter - 41 words
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177 1976-12-03 2 UPI PARIS, Thurs. A Paris real estate ageat was charged yesterday with conspiring to conceal the whereabouts of a suspect in the embezzlement of US$l.6 million (B*4 million) from aircraft manufacturer Marcel Dassault. Jacques Fouraet was released oa bail after being charged by Judge FrancoisUPI - 177 words
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Article96 1976-12-03 2 Reuter LONDON, Thurs. This year is likely to be Britain's freest from strikes for a decade, according to figures issued by the Department of Employment today. In the first 10 months of 1976 less than half the number of days have been lost through disputesReuter - 96 words
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81 1976-12-03 2 Reuter LONDON, Thurs. British motorists face a sharp rise In petrol prices following a request by oil companies to be allowed to pass on Increased costs. The government's prices board is expected to meet the request, raising the petrol price by 2p (SS0.08)Reuter - 81 words
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336 1976-12-03 2 UPI PLAINS, Thurs. President-elect Jimmy Carter met with 17 economic advisers yesterday and his chief spokesman said he now feels the economy Is In even worse shape than he claimed during the election campaign. Mr. Carter, working lr directly to roll backUPI - 336 words
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321 1976-12-03 2 UPI NEW YORK, Thurs. The richer nations taking part In the so-called North-South dialogue In Paris yesterday called (or a postponement of Its Dec 15 ministerial meeting until after the Inauguration of Presidentelect Jimmy Carter. Mr. Allan MacEachen, cochairman of the parleyUPI - 321 words
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Article284 1976-12-03 2 Reuter BELGRADE, Thurs. Yugoslavia today sought concrete economic guarantees to bolster the Common Market's verbal support for Its independence. Dutch Foreign Minister Max van der Stoel, who began talks here last night on behalf of the Community, was expected to sign a joint statement stresslng EECReuter - 284 words
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Article45 1976-12-03 2 Reuter HONGKONG, Thurs. A Chinese Government trade delegation, led by deputy department director of the Foreign Trade Ministry, Mr. Peng Chln-po, left Peking yesterday for talks In Finland on the 1977 trade agreement between the two countries, the New China News Agency reported.Reuter - 45 words
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Article, Illustration356 1976-12-03 3 UNIONS URGE BRITISH GOVT LONDON, Thurs. Reuter BRTTAIN'B powerful trade unions have urged the government not to take the path of deflation and rising unemployment to satisfy foreign lender* of the huge new loan It is seeking. After a three-hour meeting of the full CabinetReuter - 356 words
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158 1976-12-03 3 LONDON, Thurs. Prime Minister James Callaghan yesterday denied published reports that West Germany or other common Market countries had offered Britain large loans. Such loans had "neither been asked for nor offered," Mr. Callaghan told the House of Commons when questioned about the reports158 words
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Article70 1976-12-03 3 AP CANBERRA, Thurs. A government backbencher today suggested threatening Taiwan with the cessation of trade, unless Taiwanese fishermen stopped poaching In Australia waters. Queensland liberal Don Cameron told the House of Representatives (Lower House) that Taiwan had already been warned about their fishermen entering AustralianAP - 70 words
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279 1976-12-03 3 Reuter WEST BERLIN, Thurs. The cartel division of the Higher Regional Court here said the British engineering company Quest, Keen and Nettlefolds can go ahead with Its plan to take a 74.98 per cent stake In Sachs court said itReuter - 279 words
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Article294 1976-12-03 3 AP HONGKONG, Thurs. Hongkong does not recognise the right of the Canadian Government to abrogate bilateral trade agreements between the two governments, Mr. Bill Dorward, acting director of the Commerce and Industry Department, said yesterday. Mr. Dorward made the remarks following a special meetingAP - 294 words
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Article154 1976-12-03 3 Reuter ROME, Thurs. Italian Prime Minister Glullo Andreotti said he hopes during his visit next week to Washington to obtain US assurances of support In the event of any new speculative attack on the lira. In an Interview with the magazine Panorama, Mr. Andreotti said ItalyReuter - 154 words
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Article91 1976-12-03 3 Renter TOKYO, Thurs. Japan's colour television exports are certain to top 4.9 million sets this year, compered with the record 2.7 million hi 1*75, the Electronic Industries Association of Japan said. Exports in the first 10 months totalled 4.19 million sets, with the October figure atRenter - 91 words
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Article70 1976-12-03 3 Reuter TOKYO, Thurs. Nippon Steel Corp said It expects China will buy an additional 300,000 to 400,000 tonnes of steel products from Japan, bringing Japan's steel export sales to China for the second half of fiscal 1976 ending March 1977 to nearly 1.6 million tonnes. ItReuter - 70 words
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529 1976-12-03 3 WASHINGTON. Thurs. NYT A GOVERNMENT energy official now has acknowledged what was suspected all along: Alaskan oil probably will cost more than that Imported from the Middle East. The admission comes from Mr. William Rosenberg, assistant administrator for the Federal EnergyNYT - 529 words
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237 1976-12-03 3 AP DBTROIT, Than. Uaited Statu ear anion are aet expected to raiee car prieeethe 1t77 atedel year deaplte iaareaeed coots far atari, other enotale aad labour, elal aaalyeta. "I'd say categorically the •Hcm/'UM M? 'atSS market Jaet will act take k." Price laereeeee averaftacAP - 237 words
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Article201 1976-12-03 3 Reuter PISA, (Italy), Thurs. French President Valery discard d'Estaing confers today with Italian political leaders on proposals to expand the European Economic Community (EEC) to include Bpaln, Portugal, Greece and turkey. Italian officials said the French President would confer with Prime Minister Ouliio Andreottl and PresidentReuter - 201 words
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Article, Illustration1173 1976-12-03 3 A great deal la Mid these day* about the earth-shaking economic decisions President Carter will have to take early next year. Will he call for a tax cut to stir the sluggish American economy? Will he organise an international rich mens' club to prop up theNYT - 1,173 words
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Page 2 Advertisements
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Advertisement156 1976-12-03 2 }/~~!*%~)=(}-'>\,*('~&,_'[<-[}& Go with Sintat lomacy i f 4 > i r I i iii .k SINTAT 3 > i w Sintat combines cordiality, punctuality, good business sense with hospitality, professionalism. Service means we diplomacy with economy. And, what are YOUR considerations organise everything conceivable for the convenience of our when156 words
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Page 2 Miscellaneous
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Miscellaneous339 1976-12-03 2 WEATHER report for 24 hours prior to 7.30 p.m. on Dec 2 at Singapore airport. Maximum temperature 31.4° C Associated humidity 65 Minimum temperature 23.4° C Associated humidity 98 Hours of sunshine 8.70 Rainfall in millimeters Trace Total rainfall for the month 3.6 Total rainy days for the month 1339 words
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Page 3 Advertisements
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Advertisement90 1976-12-03 3 -t.ftli.Mi il ,.ii I:»ij» I p-"■ I u 'It 'S"-t t tM* r£~ IfvSjpfef; M^m 8 v 1 m m WW a.,.. i-i? a #•*'*}-*fl gf« I feiE-isai a :-gS:"-"1h-feii £1*1* &X..7K. •j- j.. »H ]jP'-jt?5S ir'tp 4*5 21 i i g: b: as v -IJ" x j* i: i90 words
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Advertisement251 1976-12-03 3 Eadushe to Americaya Signor Marelli's remarkable workl famous shoes now available in Singapore Very many years ago, in Italy, there existed an exceptionally skillful bespoke bootmaker one Signor Marelli. Signor Marelli's skill in fashioning and working leather earned him a widespread reputation and guaranteed him a steady clientele. The dandy251 words
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COMPANY NEWS
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476 1976-12-03 4 ON a marginal Increase of three per cent in group turnover to $202.85 million. Cycle and Carriage has managed to raise consolidated pre-tax profit by 24.6 per cent .to $24.01 million for the year ended Bept 30, 1976. The preliminary announcement by the company476 words
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Article359 1976-12-03 4 Current Ex Data Total for Total for payment Date payable the year previous year Glenealy 5* Nov. 17 Dec. 4 5% 5%a Parit Perak 10% Nov. 17 Dec. 8 20% 20% TaUm Mines 10% Nov. 18 Dec. 9 10%+ 15% Riverview 7% Nov. 23 Dec. 10 13%a 8.75%a359 words
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Article, Illustration1074 1976-12-03 4 SINCE It came to the local market In October 1973, Industrial Electronics and Engineering enjoyed only one year of growth In 1973/ 74. Thereafter, It has been on the slide. Group pre-tax profit fell from a peak of $3.01 million in 1973/ 74 to1,074 words
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407 1976-12-03 4 SENTOSA Plywood has Informed the Stock Exchange of Singapore that the Foreign Investment Committee of Malaysia has not yet given approval for the disposal of the 1.9 million Pahang Consolidated shares It acquired and resold three months ago. As such, proceeds from the407 words
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COMPANY MEETINGS
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20 1976-12-03 4 THE following company meetings are due: Dec 6, 11 a.m.. Registered Office, 73 Beach Street, Penang.20 words
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15 1976-12-03 4 Dec 9, 10 a.m., Registered Office, 31 Shipyard Road, Singapore 22.15 words
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Article14 1976-12-03 4 Dec 11, 12 noon, Registered Office, 92 Jalan Bandar, Kuala Lumpur.14 words
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Article15 1976-12-03 4 Dec 11, 12 noon, 6th Floor, Clifford Centre, Raffles Place, Singapore 1.15 words
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16 1976-12-03 4 Dec 15, 2.30 p.m. 10-A, Block 34, Commonwealth Lane. Singapore 3.16 words
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Article, Illustration2185 1976-12-03 4 UK MONOPOLIES COMMISSION Financial times A more daunting labyrinth would be hard to find than the path which the Monopolies Commission has trodden and retraced around one of the most profitable British exporting companies, Rank Xerox. The Commission has taken more thanFinancial times - 2,185 words
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Page 4 Advertisements
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Advertisement117 1976-12-03 4 I > T '1^ Chivas Regal Scotland's prince of whiskies N S7T MM oSA VVas K >r < > t N i) i) L f#i st 4 Another fine product brought to you by: r i Anybody Looking For finance Needs a Good Minglo! And IBS are just the people117 words
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INTERNATIONAL COMPANY NEWS
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Article845 1976-12-03 5 Reuter NYT TURIN. Thurs. The Libyan Arab Foreign Bank, as agents for the Libyan Governnfent, will subscribe for a 10 per cent stake in Flat at a price nearly four times above Its current share price as part of a US$4l5 million operation withReuter; NYT - 845 words
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Briefly
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Article99 1976-12-03 5 ROTTF I.'DAM, Thurs. Rolin ontinued to increase ito US portfolio in the first quarter of its current financial year ending Aug 31. 1977 because of the current sound economy of that country, though Japan and West Germany were attractive too, the board told the annual meeting.99 words
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Article52 1976-12-03 5 FRANKFURT, Thurs. The maximum 10-year. B'/* per cent 100 million mark Eurobond for Companhia Vale Do Rio Doce (CVRD) was priced at 99 J per cent, a spokesman for issue comanager Dresdner Bank said. Bondholders who demand repayment after six years will have a yield of 8.56 per cent,52 words
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Article36 1976-12-03 5 LONDON. Thurs. The Polysar Eurobond was raised to US$5O million from $40 million and was priced at par, lead manager Wood Gundy said. The issue due 1986 will carry a coupon of 9Vt per cent.36 words
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Article100 1976-12-03 5 Reuter MUNICH, Thurs. Bayerische Motorenwereke's profit next year probably will be lower than in 1976 as the company will be unable to keep up its 30 per cent annual turnover growth of the last twp years, the managing board chairman. Mr. Eberhard von Kuenheim told Journalists. He repeated earlierReuter - 100 words
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Article27 1976-12-03 5 LONDON, Thurs. Slater Walker Securities said the interim dividend on the 6*4 per cent preference shares due to be paid Nov 30, will not be paid.27 words
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Article73 1976-12-03 5 Reuter DETROIT, Thurs. General Motors Corp said November car production rose to 434.000 from 345,475 a year earlier. Commercial vehicle production rose to 107,199 from 82,194 a year ago. In Dearborn, Ford Motor said total car production in November was 208,248 against 150,345 a year ago. In Detroit,Reuter - 73 words
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Article80 1976-12-03 5 TOKYO, Thurs. Toyota Motor said it set up a joint parts making venture, P.T. Toyota Mobilindo, in Jakarta to start operations early next year. Capitalised at US$l million, the Joint company is 60 per cent owned by Toyota and 40 per cent by P.T. Astra International, Toyota said. The80 words
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Article76 1976-12-03 5 TOKYO. Thurs. Japanese companies' profits bf lore tax and special items rose by an average of 54.9 per cent in the six months ended Sept 30 compared with the preceding halfyear, the financial dally Nihon Keiza said. It also said gross sales showed an avarage increase of76 words
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Article30 1976-12-03 5 NEW YORK, Thurs. J.P. Morgan has increased the quarterly dividend to 50 US cents from 45 cents, payable on Jan 14 to shareholders on record on Dec 15.30 words
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Article24 1976-12-03 5 AMSTERDAM, Thurs. Bank Voor Nederlandsche Gemeenten said its 100 million guilder 8% per cent 25-year debenture loan priced at par was heavily oversubscribed.24 words
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Article83 1976-12-03 5 Reuter PARIS, Thurs. The British Columbia Central Credit Union Cs2o million 9 3 /4 per cent secured note issue due 1981 was priced at 99'/» per cent Interunion Banque said. The notes will not be redeemable before maturity except for tax reasons. Underwriters Include Interunion Banaue. Green- shields Inc.Reuter - 83 words
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Article49 1976-12-03 5 BRUSSELS, Thurs. The eight-year, 10 per cent Belgian motorway loan raised 14 billion francs when the books closed on Tuesday, Finance Ministry sources said. Banks placed firm orders for 12.35 billion francs with the balance absorbed by semi-state or government institutions. Issue price was fixed at 98.75 pet.49 words
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Article35 1976-12-03 5 Reuter TOKYO, Thurs.— Ishika-wajima-Hurima Heavy Industries (IHI) said it received a letter of intent from the Jordan Electricty Authority for the purchase of electric power plant and equipment worth 1.6-billion yen from IHI. ReuterReuter - 35 words
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Article49 1976-12-03 5 Reuter SYDNEY, Thurs. Ampol Exploration is hoping for an early return to dividend payments, the annual report said. It last paid five cent dividend in 1975. It urged the Federal Government to adopt without delay, recommendations by the Industries Assistance Commission for import parity of crude oil. ReuterReuter - 49 words
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Article63 1976-12-03 5 Reuter TURIN, Thurs. Fiat will close in profit this year after all depreciation allowances have been deducted, the chairman, Giovanni Agnelli, said. He declined to five any figures or to comment on prospects for dividends. Last year Fiat made a net profit of 107 million lire afterReuter - 63 words
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Article979 1976-12-03 5 NYT NEW YORK. Thurs. A month ago. D. Larry Smith took a neutral position on drug stocks, the group he follows as an analyst for Smith Barney, Harris Upham. But by last week, after the ailing drugs had suffered yet another spill In the market, heNYT - 979 words
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192 1976-12-03 5 Reuter WASHINGTON, Thurs. The Securities and Exchange Commission proposed rule amendments which will put brokers and dealers In options under the same uniform net capital rule as other broker-dealers. The proposed amendments are intended to protect the funds and securities of customers from theReuter - 192 words
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Article42 1976-12-03 5 LONDON, Thurs. The National Bank of Cuba Is raising a 150 million mark loan in the International capital markets, bankers said. Britain s Morgan Grenfell was named as one of the banks managing the financing. Other loan details were not available.42 words
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Article268 1976-12-03 5 Reuter TOKYO. Wed. Fuji Photo Film said it expects to report net profit of 10 billion yen for the year ended Oct 20, compared with 6.05 billion the previous year, on gross sales of 226.7 billion (192.1 billion). The higher sales mainly reflected Increased sales ofReuter - 268 words
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Article218 1976-12-03 5 Reuter TOKYO, Thurs. Sony Corp said it expects net profit of between 3.42 and 3.45 billion yen for this fiscal 1977 compared with an estimated 30 billion for the year ended Oct 31. Company president, Mr. Kazuo Iwama. also said in announcing Sony's new business programmeReuter - 218 words
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Article74 1976-12-03 5 FRANKFURT. Thurs. The 100 million mark Eurobond for the InterAmerican Development Bank will carry a seven per cent coupon with a maximum 10-year maturity and a probable issue price of 99Vt per cent, bond market sources said. Redemption will take place in five annual stages starting after74 words
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Article121 1976-12-03 5 Reuter NEW YORK. Thurs. Louisiana Land and Exploration said it agreed to buy Copper Range in an exchange of 0.825 Louisiana Land share for each copper range share. The company said the Copper Range board approved a letter Intent by a five to four vote and theReuter - 121 words
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Article932 1976-12-03 5 FCC DECISIONS NYT WASHINGTON, Thurs. Executives at American Telephone and Telegraph are exhibiting a deep and growing concern over the effects on the Bell system of a series of Federal Communications Commission decisions and how they are being implemented. according .to private Bell documents. The documents containedNYT - 932 words
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Article829 1976-12-03 5 NYT NEW YORK. Thurs. If the strategic approach of three of the best performing mutual funds is any criterion, making money in the stock market these days means concentrating on such traditional basics as under-valued .earnings, clean balance sheets, liquidity, and conservative management. "We wereNYT - 829 words
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Page 5 Advertisements
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Advertisement66 1976-12-03 5 •X r m < G 4 0 •< I f Exotic cuisine passionately recommended Luziza Fresh prawns marinated in honey and sour spices from Bikaner. Nuwabi Selected tender cubes of lamb marinated in subtle hot spices. A favourite of the Nuwabs. Harem's joy Tender chicken prepared in secret spices. Koulfi66 words
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Advertisement185 1976-12-03 5 NAM T Give a healthier life to your love ones this Christinas. A varied range of quality sports and leisure time products that will make wonderful gifts for your family and friends this festive season are available from KING COMPANY, the Sporting Paradise... for all your sports Y-. and leisure185 words
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765 1976-12-03 6 NYT NEW YORK. Thurs— Dlsplte the stock market's uneven course most of this year, there are a lot of happy faces In Wall Street and among investors. There was the unusually strong January-Fe-bruary bull market, and long after that solid strength among so-calledNYT - 765 words
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Article225 1976-12-03 6 Reuter. DUISBURO, Thurs. Third party turnover of Kloeckner-Werke and affiliates In the year ended Sep 30, 1976 was a provisional 3.35 billion marks (3.39 billion marks), excluding value added tax. The company said despite the Improvement In steel earnings In second half 1975/76 the division stillReuter. - 225 words
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Article129 1976-12-03 6 Reuter LONDON, Thurs. The long-Term Credit Bank of Japan announced its floating rate bond Issue due 1981 has been raised to US$3O million from the previously announced $25, and priced at par. Minimum coupon of the five-year issue, which carries a point spread over sixReuter - 129 words
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Article27 1976-12-03 6 NEW YORK, Thurs.- Union Pacific said it, Imperial Chemical Industries and Solvay and CIE of Brussels plan a US$6OO million ethylene plant at Corpus Christi, Texas.27 words
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Article68 1976-12-03 6 NEW YORK, Thurs. Akzona has declared a regular quarterly dividend of 30 US cents, payable on Dec 31, to shareholders on record on Dec 15. The chairman and president, Mr Claud Ramsey, said this was done with the realisation that an operating loss will be Incurred in the fourth68 words
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Article1312 1976-12-03 6 David Curry - THE LAFARGE GROUP By David Curry FT "THE trouble with cement Is that there Is no way of making It glamorous, no matter what sort of results we produce," Olivier Lecerf complains in a well rehearsed party piece. But he is only slightly less than frankFT - 1,312 words
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Article320 1976-12-03 6 Reuter LONDON. Thur». Mr. R.C. Vickers, chairman of London brokers Vickers, Da Costa, said In the annual report the company has failed for the third year running to achieve a return on capital employed as high as that available from Investing In government stock. There isReuter - 320 words
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Article225 1976-12-03 6 Reuter TOKYO, Thurs. Toyota Motor said It expects its car sales to Britain might decline next year due mainly to higher retail prices in British market. However, commenting on a local press report the Japanese car industry agreed to keep exports to Britain In theReuter - 225 words
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159 1976-12-03 6 UPI TOKYO, Thurs. Sharp has begun sales of desk calculators featuring solar batteries powers powered by sunshine or a flourescent lamp for a maximum of 50 hours. Priced at 24,800 yen per unit, Sharp Elslmate EL--8026 Is three times as expensive as conventionalUPI - 159 words
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Article38 1976-12-03 6 Reuter KYOTO. Thurs. Walcoal said it was considering issuing American depositary receipts In the near future, but declined to corrfirm or deny local press reports it decided to issue ADRS valued at $25 million next month. ReuterReuter - 38 words
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Article103 1976-12-03 6 Reuter MELBOURNE, Thurs. Myer Emporium's profit In the first four months of the year ending July 31 was slightly higher than in the same year earlier period, managing director Mr. K.C. Steele said. He told the annual meeting it Is difficult to forecast results for the year butReuter - 103 words
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163 1976-12-03 6 Reuter NOUMEA. Thurs. Metallurgique Le Nickel (SLN) said it will Invest one billion francs between 1977 and 1981 to expand and improve its mining facilities in New Caledonia. It said in a communique it will Invest 200 million francs in 1977 alone, enabling theReuter - 163 words
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Article433 1976-12-03 6 KUALA LUMPUR STOCK EXCHANGE PRICES turned a shade better on the Kuala Lumpur Stock Exchange yesterday but trading remained very quiet and lacklustre. In line with the steadier levels noted in the Singapore market on Wednesday, ope nine quotations were steady. Thereafter shares drifted erratically before finishing433 words
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Article933 1976-12-03 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 Ajinomoto (1.788 1.888) Alcom (2.118 2.148) (1) 2 12 Alex. Holdings (0.855)933 words
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Article133 1976-12-03 6 SINGAPORE UNIT TRUST (Manager*' price* for Dec 3) INCOME BOND UNIT (Current prices) The Commerce 1.85 1.75 The Saving Fund 0 92 0.07 8 pore Prog Fund 0 ?<• o.Sl 8'pore Security Fund l..< 1.31 Spore Invest Fund 0 98 1.04 MARA BUMIPUTRA FUND (Managers' prices for Doc.133 words
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Advertisement235 1976-12-03 6 < >* j-s •••;•»< .<••••" V-V- V fW] -s r > jjs V ;*L .V~;y M# -hmk $0 >. r- ■Bafc^» < t r r*-. 4 ■WT f •r"'. a; v ~K _£g >''v ;k v J//; I i t.' y* •;;<• v r;-:» jmvk jwuy rw w*4WBf f DBCOrOBT235 words
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Article1170 1976-12-03 7 NEW YORK: Favourable economic news helped stocks move Into the plus column after two days or declines on Wednesday. The market took a firmer tone almost from the opening when the commerce, department reported that US leading economic Indicators for October were unchanged from September. Some weakness seemed1,170 words
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Article445 1976-12-03 7 SYDNEY: The market rallied on buying support on Thursday, following heavy proflttaking In the past two days, dealers said. The rally was partly technical reaction and partly due to the union decision to recommend the honouring of current uranium sales contracts, they said. On the mining boards, PekaWallssad roee445 words
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Article244 1976-12-03 7 ZURICH: The market was irregular with a slightly firmer bias on Wednesday, dealers said. Among major banks and financial* gains and losses were about equal while in Insurances small gains predominated. Leading industrials moved narrowly apart from Nestle In foods which roae on active demand. Chemicals pointed slightly higher244 words
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Article242 1976-12-03 7 AMSTERDAM: The market generally weakened and Dutch intenationals lost some ground except resistant llni|»w, on Wednesday. Declines elsewhere were led by RSV, Qieeeea, OCE. Fakheed and Nssrisa Deli, HAL and Dsegsss were major gains against the trend. Major banks firmed and insurances were mixed. Btate loans continued to rise.242 words
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Article402 1976-12-03 7 HONGKONG: Share prices firmed in more active trading after a fairly slow start on Thursday, aided by Wall Street's rise and the sustained firmer undertone, dealers said. The Hang Seng index roae 3.97 points to close at 402.22. The unchanged US leading indicators for October boosted sentiment and the402 words
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Article379 1976-12-03 7 PARIS: The market was slightly lower in very quiet trading on Wednesday, dealers said. Banks and Investments were narrowly mixed, with CIC easier and Credit Natieaal slightly firmer. Foodstuffs eased slightly and constructions lost pound, led lower by CI si its Franca is and Lafitfge. BHV and Lafayette each379 words
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Article265 1976-12-03 7 FRANKFURT: Shares were mixed to lover In uncertain trading on Wednesday, dealers said. Kkwekaar-Werke led the losses. closing five marks lower, though It recovered from being l 10.50 down. It announced shorttime for part of Its works over the end of the year. Other steels and banks were barely265 words
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Article405 1976-12-03 7 JOHANNESBURG: Qold shares were quietly firmer through the afternoon on Wednesday, dealers said. Raadfoatoin gained 100 cents Elsewhere, gains were smaller although E. Drios rose 30 cents to 1,050. Financial minings were more cautious with Aagloe rising 15 cents to 385. Elsewhere. Do Beers was three cents up at405 words
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Article209 1976-12-03 7 MILAN: The market on Wednesday Josed generally easier In quieter trading on renewed selling, partially Influenced by the rise to 50 per cent from 30 per cent in the withholding tax on dividend payments, dealers said. All leading Industrials lost ground and Flat shares closed at 1095. still some209 words
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Article122 1976-12-03 7 MANILA: The market was again generally lower In very quiet trading on Thursday, dealers said. Oils were generally steady, but minings and commercials declined In thin trading. DEC Peaoa Aco)e Mining 0146 unch Alias Con. A a 78 -0 25 A tin Con B 29 23 unch B&fulo Oold122 words
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Article149 1976-12-03 7 BRUSSELS: The market on Wednesday was again mostly lower in quiet trading, influenced by Wall Btreet, dealers said. Soivay, St Rach and CBR rose, while Reserve, Asturtoaae, Union Miniere, Coeherill, Clahecq, Wa(on*-Llts Tsbacoflas were among those to fall. UK stocks were firm, Germans lower where changed and French, Dutch149 words
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Article277 1976-12-03 7 TORONTO: Advances took a narrow lead over declines and the Industrial Index closed more than 1 1/2 points higher on the Toronto market on Wednesday. The Western Oil Index reflected losses but other major Indices showed moderate gains. flssfisiii was up 1-3/8 at 217/8, Ms—y-Fsrga— gained one to 21-1/4,277 words
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Article457 1976-12-03 7 TOKYO: The market closed lower In limited trading on Thursday with operators hesitant «head of the Dec general elections, dealers said. The Dow Jones average lost 8.28 points to close at 4,496.80 with volume 170 million shares. The New Index closed at 345.96, down 0.38. Major investment trusts bought457 words
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Article75 1976-12-03 7 DSC Bahu Asia Fibre no -I Bangkok Bank Bangkok Invest. 190 mm, Bangkok-Metro-fWUlAil OVIS 3S0 unch BertlJucker 199 -I Charoong Thai Wire 1918 Dualt Thanl FaDer Merlin FlrstTruat Indo-Thal J And J Ho 1*7 unch Jalaprathan Cement 79 1 Karnasuta Lee Kwang Mln Metal Box 4.00 unch Rama To75 words
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Article75 1976-12-03 7 FINANCIAL TIMES INDUSTRIALS Wednesday 2V? 6 Week ago two TIN Wednesday Tuesday Week ago RUBBERS Wednesday Tuesday Week ago OILS Wednesday Tuesday W«*k ago DOW JONES AVERAGE INDUSTRIALS Wednesday Tuesday Week a|to LONDON DOLLAR PREMIUM Wednesday 118S to U8'«% Tuesday 119 to 119'i* H.R. HANG SENG Wednesday 398 2575 words
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Article1152 1976-12-03 7 On December 1 PRICES were moatly hi|hcr on the Chicago Board Options Exchange on Wednesday. Gainer* topped loeera 331 to 120. Volume approximated 75,602 contract*, up from 65,502 on Tuesday. OPTION JAN APL JLY STOCK Alcoa 49 UNTRD NOL NOL 931/2 Alcoa SO UNTRD 9 1/2 UNTRD1,152 words
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Advertisement179 1976-12-03 7 Confront Singapore's decision makers in Business Times I For only $3.50 per single column centimetre Business Times, will read Business Times. The intensively by senior the image of your company. Singapore's new financial select group. Ultimately there management. And a page in Business daily, offers you the most cost- will179 words
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COMMODITY REPORTS AND PRICES
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Article428 1976-12-03 8 THE Singapore rubper market yesterday was closed for the Harl Raya Hajl holiday. In KUALA LUMPUR, opening quotations In the Malaysian rubber market were reduced by 2.50 cents Kkllo following sharply er overseas advice. The market lost a further 0.50 cent in extremely quiet and thin trading. Fresh428 words
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Article94 1976-12-03 8 DAILY SSR and SMR prices at noon yesterday: Dec. (Current Mth) Buyer* Seller* (cent* per kg) Jia. (Forward Mth) Buyer* SeUen (ceaU per kg) M.R.E.L.B. SMRSCV SMRSL SMR 5 SMR 10 SMR 20 SMR SO (1-Ton Pallet) (1-Ton Pallet) (1-Ton-Pallet) (1-Ton Pallet) (1-Ton Pallet) (1-Ton Pallet) 21994 words
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Article133 1976-12-03 8 THE following Palm Oil prices were quoted In London on Wednesday. The prices are elf Rotterdam and otherwise stated are quoted In US dollar per long ton unlets Wednesday Prev. Malaysia 5* ffa bulk Dec unch 465 sir Jan unci) 455 sir Feb unch 455 sir Sumatra 5%133 words
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Article256 1976-12-03 8 THE Straits tin price in Penang yesterday was up 821.00 to ***** per picul on an official offering up 4 tonnes to 335 tonnes. In LONDON yesterday, tin finished with net gains of around £27 for Cash standard and £23 for Three Months. High grade £27 and £32256 words
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Article25 1976-12-03 8 Rubbor: Dae. 2 "«S2 Malaysia: Itae. 203.75 cU. (wwi 3.28 ets) Tta: BUBS 80 (op 121.00) Official offering: 335 tonnes (up 4 tonnes)25 words
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Article266 1976-12-03 8 IN Singapore on Wednesday, the Singapore Chinese Qold and Sliver Merchants Association quoted the retail price of Sid at 1450.000 per Tael for k gold and $490.00 per Tael for 24k gold. In HONGKONG, yesterday, gold closed HK$6.6O lower at $740.60 per tael, equivalent to U*****.30 an ounce, bullion266 words
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Article138 1976-12-03 8 IN LONDON, the following pepper prices were quoted on Dec 1. (Sterling per long ton elf European port* delivered weight unlets otherwise stated). Sarawak White: Spot I.S2S sir. Afloat 1,415 sir. Nov/Dec 1.43S sir. Sarawak Black Special: 1.350 sir. Afloat 1,220 sir, Nov/Dec 1,290 sir. Brazilian White: Urn).138 words
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Article353 1976-12-03 8 LONDON, Thurs. Copper wire bars lost £1.50 per tonne for Cash and £2 for Three Months. The market gained ground In pre-rlng dealings where Three Months traded up to £779 per tonne on covering against some West German physical business and speculative buying prompted by the drift back In353 words
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Article56 1976-12-03 8 LONDON, Thurs. Zinc was about £0.25 per tonne up for Cash and £0.25 down for Three Months. Values were fairly well maintained as trade selling from one quarter was absorbed by short-covering and some fresh buying around the £383.50 per tonne level for Three months. Some European physical enquiry56 words
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Article59 1976-12-03 8 LONDON, Thurs. Lead showed minor losses of £0.75 per tonne for cash and £0.50 for Three Months. Initial steadiness was eroded by liquidation and hedge selling prompted by a similar novement in copper on a market lacking physical incentives. Three Months opened with business upto £290.50 but finally traded59 words
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Article172 1976-12-03 8 LONDON, Thurs. Silver closed with on balance gains of 3.4 to 4.0 pence per troy ounce. Higher prices at the outset of the pre-market reflected the overnight gains at New York and the trend in sterling, dealers said. But with the currency later steadying, prices In the ring drifted172 words
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Article139 1976-12-03 8 CHICAGO, Wed. Wheat futures showed gains of 11/2 ft) 1/4 cent a bushel around mldaesslon on a thin trading volume. Early speculative buying Interest carried over from Tuesday and was Increased by the appearance of a major exporter as a stopper against deliveries. Firmness In other pits also lent139 words
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Article146 1976-12-03 8 CHICAGO, Wed. Soybean futures advanced In a light early trade and were showing gains of 6-1/2 to 21/4 cents a bushel around mldsesslon. Opening prices were higher, continuing Tuesday's late uptrend, and commercial buying interest helped maintain the gains. Buying also was stimulated by strength In product futures. Commission146 words
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230 1976-12-03 8 Reuter BANGKOK, Thurs. Routine business was reported In the rice market during the week with no major contracts concluded, trade sources said. Rice exporters expressed concern that following the devaluation of the Australian dollar, Australian rice would get a bigger share of the HongkongReuter - 230 words
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MONEY AND EXCHANGES
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Article440 1976-12-03 8 LONDON, Thurs. Sterling advanced above the US$l.67 level in early trading before slipping back on some profit taking, .dealers said. Indications that UK trade unions may be willing to agree on a third year of pay restraint provided the Government does not deflate the economy helped sterling as high440 words
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Article235 1976-12-03 8 Euro rates LONDON, Thurs. Near period Eurodollar deposits opened higher due to the loss of the Friday dealing technicality, and tended slightly easier where changed In early quiet trading. Shorts were slightly lower, dealers said. Initial period gains on the change In dealing date ranged from 1/4 to 1/16. Federal235 words
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Article56 1976-12-03 8 Minimum lending rates (in ACBC 6%. First Chicago Algemene Bank 6* Citibank Bangkok Bank .7* HSBC 7 Bank of America Indosuez n Bank of China .7* Malayan Banking Bank of Tokyo 6*. Mitsui Bank <S\ Bank Negara OCBC 9\ Indonesia .7* OUB 6V« Chartered Bank 6*. UCB 7 Chase Manhattan56 words
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Article212 1976-12-03 8 NEW YORK, Wed. The dollar closed stronger than on Tuesday and around its highest trade weighted level for four years, mainly reflecting the Canadian dollar weakness, dealers said. Unchanged US leading indicators in October following September's 0.9 per cent fall also helped boost the dollar, although easier short212 words
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Article153 1976-12-03 8 HONGKONG, Thurs. The US dollar rose further to HK54.7870/80 In late trading from $4.7820/60 around noon and Wednesday's late, $4.7770/7800 on moderate to quiet turnover, dealers said. The US unit, which topped the $4.79 level In early trading, was boosted by its firmer trend overseas, some commercial demand approaching153 words
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Article147 1976-12-03 8 TOKYO, Thurs. The Bank of Japan sold an estimated $40 to support the Japanese yen, dealers said. The US dollar for overnight delivery closed higher at 296.90 yen, compared with 296.70 at the opening and 296.80 at Wednesday's close. Dealers said the US currency softened Initially as buying demand147 words
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Article40 1976-12-03 8 ZURICH exchanges quoted on Dec. 2 US 2.4523-4530 UK 4.0870-0905 Can 2.3690-3710 W. Germ 101.53-00 Neth 97.56-04 France 49.06-09 Belg 6.66-K-67-* Denm 41.54-57 Norw 46.77-80 Bwed 58.43-48 Italy 0.2833-2836 Austria 14.29-31 Port 7.75-78 Bpaln 3.58-*-59-K Arg 0.85-1.15 Japan 0.82-M»-8340 words
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Article32 1976-12-03 8 FRANKFURT exchanges opening quotes on Dec 2. US 2.4175/90 Can 2.3370/3385 UK 4.025/040 Neth 95.95/96.10 Swlts 98.25/40 Italy 2.78/80 France 48.27/42 Norw 45.98/46.02 Belg con 6.555/580 Belg fin 6.540/550 Japan 0.8133/4532 words
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Article54 1976-12-03 8 AUSTRALIA/NZ exchanges quoted on Dec. 2. Australia: Sterling 0.6112/ 0.6041 U8 dollar 1.0132/ 1.0064 Ninety day air mall buying rates: Sterling 0.6413 US dollars 1.0367 Ninety day forward buying rates: Sterling 0.6290 US dollars 1.0149 New Zealand: Sterling 0.5449/ 0.5419 US dollar 0.9111/ 0.9011 Ninety day forward rate: Sterling54 words
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Article333 1976-12-03 8 LONDON, Thurs. Straight bonds were basically unchanged In very quiet trading, dealers said. Dealers were unable to cite a particular reason for present dull conditions except the approaching yearend. Many operators have already reached planned positions which they are now likely to hold, bond sources said. Guilder Issues333 words
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114 1976-12-03 8 Reuter TOKYO, Thurs. Bank of Japan Governor Mr. Tellchlro Morlnaga said he did not believe there was any need for the bank to change its current monetary policy of not tightening or easing credit at this stage. He told a news conference heReuter - 114 words
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Article216 1976-12-03 8 LONDON, Thurs, Robusta futures ended the opening call steady £14 to £7 up from the previous close with 138 lots traded. Initially May opened £8 higher at £2,420, later traded upto £2,428 before settling back to trade at £2,426 by the end of the call. Dealers said the .steadiness216 words
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Article217 1976-12-03 8 LONDON, Thurs. Terminal opened quiet £0.65 down to unchanged from Wednesday afternoon's close. Sales totalled 174 lots. The only news circulating was reports that Iran had purchased two more cargoes of White Sugar at around $270 per tonne C and P but as with other recent reported business to217 words
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Article209 1976-12-03 8 BANGKOK, Thurs. Indicative prices for rice quoted yesterday were: US dollar* per tonne FOB baal* Bangkok White Rice 100 per cent lit clan WO. 100 per cente ted clan 275. 100 per cMt 3rd cum 270. 5 per cent 298, 10 p* cent 217.13 per cent 294,10 per cent209 words
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Advertisement158 1976-12-03 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)158 words
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TRANSPORT AND COMMUNICATIONS
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493 1976-12-03 9 THE Far Eastern Freight Conference (FEFC) plans to set up a committee early next year to coordinate various procedures such as the correct measurement of cargo, the correct freight rate applied, and the like. Although such procedures are already in existence, there has not493 words
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866 1976-12-03 9 JACK GEE - JACK GEE Financial Times THE French government has given a thumbs down answer for the first time to an application to open an air link between Paris and a provincial city, after approving routes from the capital to 56 other French airports. The veto againstFinancial Times - 866 words
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Article290 1976-12-03 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Golden Eagle (Subject Free Board after King River) 23/24 Hoegh Elite (after Sam Tatulangi) 8/9 Jaladharma (1500 after Vrancea) 46 Maritime Glory (0600 Req. starboard to) 29/30 Mozhaysk (after Korean Mail) 47 Nissei Maru (JGCV) (CAR CARRIER) (1300 48 White Sea (after Centaur)290 words
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Article176 1976-12-03 9 AP LONDON, US Gulf-Holland grain rates continued to weaken on the London freight market yesterday. That trend was Illustrated by the acceptance of US$6 (FIO) by the North King for a 37,500-39.000-tonne Dec 4-10 movement. The figure was previously agreed by a 55.000 tonner.AP - 176 words
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Article601 1976-12-03 9 ARRIVALS Service Operator Number Local Time From CPA MAS PAA JAL SIA CX003 MH682 PA841 JL712 SQ211 0145 0810 0950 1000 1010 HKG KCH SFO/HNL/GUM HLP HLP GIA OLA PAL KLM GA980 GA908 PR501 KL833 1030 1100 1115 1150 HLP MES MNL AMS/ATH/ KHI/CMB RBA SIA SIA601 words
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Advertisement76 1976-12-03 9 •"K J >•: *?;/•>« x BARBER HSBDg *****3 BARB UR Nov 22 1976 5.40 pm NY URGENT SssSSS®®"--" IMPROVED FAR EAST SCHEDUI BARBER R*****7 *****3 BARB UR •V". w*. ""V 1 i r i m m I v/t 1 H tf It i>. k r •i ~rxZ* Sffrplp :< £K76 words
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Article, Illustration861 1976-12-03 10 DENIS GRAY: Bangkok - By DENIS GRAY: Bangkok AP ONE year after the communist takeover. China and the Soviet Union Jockey for position in Laos while the government pushes the often reluctant population down the road of Marx and Lenin. Thousands of "undesirables" and enemies ofAP - 861 words
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Article, Illustration879 1976-12-03 10 ANDREW MALCOLM - By ANDREW MALCOLM NYT TWO years ago, Kim K1 Chang's new business was floundering. He was trying to sell topaz Jewellerv to women here, In a land where the average family Income totalled US$4Bl a year. Today, Mr. Kim's business Is flourishing.NYT - 879 words
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Article, Illustration420 1976-12-03 10 PETER CALVERT - By PETER CALVERT Reuter UNDAUNTED by the dancer* of capture or shipwreck, refugees in flimsy fishing boats are fleeing Vietnam by the thousands. According to officials in Bangkok, some 450 refugees reached Thailand in October and about the same number arrived last month.Reuter - 420 words
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Advertisement94 1976-12-03 10 cr/iipc a BRIGHTER FUTURE in ACCOUNTANCY with FOULKS LYNCH Founded over a century ago, Foulks Lynch the specialists in accountancy education have tutored over 150,000 students around the world to success in the various accounting examinations. You too can be one of them. Now FOULKS LYNCH courses for the following94 words
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Article230 1976-12-03 11 Reuter TOKYO, Thurs. The 17.5 per cent (ley&lUAtlon of the Autrallan dollar Is unlikely to induce Japanese Investors to take more Interest In Australian equities, Japanese securities firms said. Yamalchl Securities said Australian securities brokers have solicited Japanese Investors to acquire Australian stocks following theReuter - 230 words
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Article188 1976-12-03 11 UPI LONDON, Thurs. Marriott Hotels, the American chain with the highest occupancy rate in the United States, said yesterday it is opening an "instant resort hotel" in Kuwait next summer. The new Kuwait Marriott Hotel, the group's first venture in West Asia, will be a luxuryUPI - 188 words
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Article151 1976-12-03 11 Reuter CANBERRA, Thurs. Prime Minister Malcolm Fraser told the Federal Parliament the Government will take monetary action by the end of this week. Mr. Fraser did not say what measures are planned but said they will be reasonable and moderate. Government officials declined to say preciselyReuter - 151 words
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334 1976-12-03 11 Reuter TOKYO, Thurs. The Japan Communist Party, (JCP) the third biff est Sarllamentary force in apan, today called for a coalition government and declared It will not press for the scrapplnf of the United States-Japan Security Treaty. The chairman of the JCP, KenjlReuter - 334 words
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Article124 1976-12-03 11 AP MANILA, Thurs. The Philippines has to generate more than half a million new Jobs yearly to reduce unemployment, President Ferdinand Marcos said today. He did not say how much investments the effort requires but added the Government will "assist In stimulating the volume of Investments soAP - 124 words
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Article, Illustration2809 1976-12-03 11 THEIR SALARIES, PERKS, POWER AND CONTROL THE battle for the Slme Darby board now going on openly for almost a fortnight has raised several side Issues, apart from the question of power and control, what is involved in each of the executive posts? How2,809 words
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Article172 1976-12-03 11 AP Reuter MANILA, Thurs. The World Bank has granted a US$95 million (***** million) loan to the Philippine Government to help finance the construction of more roads and maintain existing ones, highways secretary Baltazar Aquino said today. The loan will specifically finance the constructionAP; Reuter - 172 words
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Article28 1976-12-03 11 Reuter MANILA, Thurs. President Marcos has announced that a domestic satellite communication system would link the Philippines by radio and television starting December next year. Reuter.Reuter - 28 words
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279 1976-12-03 11 AP TOKYO, Thurs. Japan continue* to oppose 320 km flaking zone*, but may be forced to take a more flexible attitude in talka with the United Statea in Waahington beginning Dee 13 a Foreign Ministry official said today. "The recent trendAP - 279 words
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325 1976-12-03 11 Reuter TOKYO. Thurs. Japan and the European Common Market may have to work out some sort of "division of labour agreement to avert trade wars between them In the future, a top official of the Japanese Ministry of International Trade and Industry (Mltl) saidReuter - 325 words
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Article266 1976-12-03 11 Reuter TOKYO, Thurs. A mass circulation Japanese newspaper today delivered a strong attack on the European Common Market, saying its attitude reflects "racial hostility" towards Japan. The Yomlurl Shlmbun said In an editorial that "It would seem that the market regards Japan as a 'vUllan'." "The toughReuter - 266 words
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Article127 1976-12-03 11 UPI BANGKOK, Thurs. Thai diplomats will be instructed to open negotiations with the Cambodian representative to the United Nations to seek a solution to a dispute on their common border, Government sources said yesterday. The Instruction came a day after fighting broke out againUPI - 127 words
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Advertisement262 1976-12-03 11 APPOINTMENTS SEMBAWANG TOWING COMPANY PRIVATE LIMITED Applicotions ore invited from experienced and suitably qualified candidates for the position of MANAGER of this Company which operates a fleet of oceangoing tugs. Qualification* and Experience (a) Have a minimum of 3 yeors experience in ocean-going and harbour craft operations. (b) Well-versed with262 words
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Advertisement365 1976-12-03 11 RELC SEAMEO REGIONAL ENGLISH LANGUAGE CENTRE INTERNATIONAL HOUSE Applications are invited from suitably qualified and experienced candidates, for the post of MANAGER for RELC International House, a 128-room international class hotel with conference facilities furnished apartments, office spoce, food and beverage establishments, and shops. This challenging position is a prestigious365 words
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Article239 1976-12-03 12 THE British Executive Service Overseas (Beso) has received a specific request from a local bank to provide some British banking experts who will help It compete on a more equal footing with the larger foreign banks operating here. Mr. E.J. Westnedge, Beso director, disclosed239 words
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Article134 1976-12-03 12 KUALA LUMPUR, Than. Petronas and Exxon will continue talks tomorrow in an effort to come to terms for a production sharing contract similar to the one si*n«d with Shell on Tuesday. Exxon executives today met Petronas chairman Tan Sri Kadir Shamsuddin to try and thresh134 words
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Article, Illustration700 1976-12-03 12 THE Singapore prime rate has been bouncing up and down so much recently, and has lately taken such a relatively steep dive, that few experts will make serious prediction about which way It will go next. What is certain is that It will700 words
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Article787 1976-12-03 12 LONDON, Thurs. The stock market moved narrowly today In the absence of incentives, dealers said. Government stocks mostly recovered early falls of up to 1/8 In longs, but some short dated loans were fractionally easier. Leading industrials were narrowly mixed in very quiet trading, and the number of787 words
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516 1976-12-03 12 Low foreign debt does credit to us Razaleigh KUALA LUMPUR, Thurs. Malaysia's foreign debt is very low by international standards, Finance Minister Tengku Razaleigh Hamz&h said today. Foreign debt outstanding was about M 52,950 million 48 per cent of this being project loans raised mainly from the World Bank, the516 words
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509 1976-12-03 12 KUALA LUMPUR, Thurs. Primary Industries Minister Datuk Musa Hitam said today that the Government's promise to review both the Industrial Co-ordination Act and the Petroleum Development Act indicates the pragmatic approach that "we are prone to adopt in any given situation". "We are509 words
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301 1976-12-03 12 AP WASHINGTON, Thurs. Foreign governments and companies are buying Into US seafood firms In an apparent effort to beat the law restricting foreign fishing within 320 kms of the US coast. To date, 56 foreign businesses and the Soviet Government either have boughtAP - 301 words
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Article292 1976-12-03 12 Reuter LONDON, Thur*. British trawler* today ended 400 year* of fishing in Icelandic cod grounds with many fishermen returning home to the gloomy prospect of a place in the unemployment queue. The last doien or so trawlers were leaving the fishing banks, their fear stowedReuter - 292 words
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Article105 1976-12-03 12 AP HONGKONG, Thurs. Several South Vietnamese refugees have agreed to buy a major stake In the Diplomat National Bank of Washington, DC from associates of Tongsun Park, the South Korean businessman who made questionable payments to US congressmen, the Far Eastern Economic Review reported.AP - 105 words
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102 1976-12-03 12 BETONG, Thurs. About 300 guerillas of the outlawed Communist Party of Malaya, armed with American weapons, have moved out of their hide-out near this southern Thai town and may be headed for Malaysia, informed sources said here today. They said intelligence officials believe102 words
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Article24 1976-12-03 12 lAC group's Carrier dealers' seminar will be held today and tomorrow at the Mandarin Hotel, and not on Dec 4-5 as previously announced.24 words
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308 1976-12-03 12 EXPATRIATE living costs In Singapore have continued to rise despite a fall In the domestic consumer price index, according to the latest survey of these costs by the Singapore International Chamber of Commerce. This shows that the newly compiled SICC Expatriate Price Index had risen308 words
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Article, Illustration942 1976-12-03 12 SELF-SERVICE KIOSK A SHELL FIRST SINGAPORE'S first selfservice. station opened for business this week, ushering in a new concept of petrol station operation. Not content with just one innovation, the giant Shell group is also Introducing a mini-supermarket on the premises, to broaden the range of services being offered in942 words
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Advertisement64 1976-12-03 12 w Now, a French restaurant that truly flatters your taste for the finest. In food, ser\ ice and quiet entertainment. Dine by candlelight on exquisite French tare. And dance to soft music by 1 he Belvedere I rio. Come to i he Belvedere Singapore's French restaurant par excellence. X 4»64 words
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