The Business Times, 9 December 1976
1976-12-09
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The Business Times
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Title Section11 1976-12-09 1 BUSINESS TIMES M.C.(P) 1455/7 ft THURSDAY, DECEMBER 9, 1976 50 CENTS11 words
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NEWS IN BRIEF
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Article87 1976-12-09 1 THE Institute of Banking and Finance will from next year become the sole examining authority of the new Stage 1 examinations of the London Institute of Bankers, and will hold its first examinations next October. The assistant director of IBF, Mr. Mark K. Y. Wong, said87 words
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Article66 1976-12-09 1 AP GENEVA Rhodeslan Prime Minister lan Smith said today he will urge the Rhodeslan settlement conference to begin discussing the "Kissinger proposals" and, if It falls to do so, press for an adjournment. Mr. Smith made the statement on his arrival and planned to meet theAP - 66 words
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Article68 1976-12-09 1 UPI PARIS. Wed. President Valery Giscard d'EstaIng will be sending out letters shortly to France's main partners regarding a summit of industrialised countries, a spokesman said today. Mr. Giscard made the proposal to hold the summit after meetings with Italian leaders In Pisa on Dec 2. TheUPI - 68 words
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Article60 1976-12-09 1 Reuter COLOMBO, Wed. About 30,000 patients who sought attention at 15 major state-run hospitals in Sri Lanka were turned away today because of a spreading work stoppage by doctors, a spokesman for the doctors said. Some 10,000 in-patients in the hospitals were also virtually without doctors,Reuter - 60 words
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Article45 1976-12-09 1 THE Justice Party yesterday announced that they will be contesting eight seats. These will be In Anson, Boon Lay, Bukit Batok, Bukit Tlmah, Nee Soon, Paslr Panjang, Sembawang and Telok Blangah, according to Mr. M. Ramasamy, secretary-general of the party.45 words
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Article75 1976-12-09 1 Reuter UNITED NATIONS, Wed. Dr. Kurt Waldheim of Austria today will accept a second five-year term as United Nations Secretary-General with a pledge to attack world problems with renewed vigour and determination. Endorsed by the Security Council yesterday, with China and Britain voting for him for the firstReuter - 75 words
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Article44 1976-12-09 1 UPI NEW YORK, Wed. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 957.11, down 3.58; 20 transp 229.85, down 0.31; 15 utils 104.55, down 0.22; 65 stocks 312.13, down 0.90. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration204 1976-12-09 1 SHARES staged a moderate rally at the Stock Exchange of Singapore yesterday. Lower-priced shares benefited most from the uptrend. Haw Par rose three cents to $1.05 while Sime Darbv gained four cents to $3.22. Reflecting the better gains noted in the popular lower-priced issues, the Business Times204 words
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Article132 1976-12-09 1 Rises Most active F.K.L'Mon n.<2 .12 Har Pet 201,000 BarlunUtl •11.70 .10 dime Dftfby 198,000i N. SereiKtaii IS. 10 .08 Central 8ug&r 99,000 Sum Darby 13 40 00 H'lswl L I'land 80.000 Con. Plant |3 26 *M OokWn Hope mi 00 Total Turnover: 1.37 X Denting Tin132 words
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1189 1976-12-09 1 QUEK PECK LIM - EGM CALLED, POLL DEFERRED By QUEK PECK LIM IN THE second 11th hour move in Just 20 days, the board of Sime Darby Holdings has sprung another surprise on dissident shareholders represented by Rothputra Nominees. Last night the board, in a statement Issued rom Kuala1,189 words
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Article40 1976-12-09 1 PARIS, Wed. Major Industrialised countries could Jeopardise their economic growth, social progress and political security unless they reduce their reliance on imported energy by 1985, according to Dr. Ulf Lantzke, directorgeneral of the International Energy Agency. Reuter40 words
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Article54 1976-12-09 1 breaks barrier STERLING broke through the 554.10 barrier yesterday in the Singapore foreign exchange market the first time in two months. Dealers said the pound was traded at around $4.1030 during initial trading hours, but eased to $4.0035 with London's entry into the market. The pound was last traded at54 words
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482 1976-12-09 1 THE Slme board Is believed to have refused a request by Rothputra Nominees (acting on behalf of the Pernas Securities backed dissident shareholders) for the appointment of their own scrutineer to oversee the counting of the votes cast at the poll482 words
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Article323 1976-12-09 1 A SENIOR official of a South Korean govern-ment-owned bank categorically refuted Intermittent but persistent rumours that the Korean won might be devalued within the next 12 months. Scotching rumours with fact* and figures, Mr. Chung Choon Talk, Deputy Governor of the Korean Development Bank told Business323 words
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328 1976-12-09 1 Korean bank raises US$25m in Asian bonds THE first Asian dollar bond to be floated by an East Asian government agency in Singapore was signed yesterday. The borrower is the Korea Development Bank which raised US$25 million (5961.3 million) at 9*4 per cent in five-year government guaranteed bonds. More may328 words
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Article71 1976-12-09 1 THE Thai latarior Mimister, SaaMk Sudaravtj arrived last aight for a tkr— day official visit. JM« Ms stay, he will be fcriehi tho werklags of la Magapuw. itoaM oa Me Maarery will be a brisf- iag oa traffic asssj—i at tbo Miaiotry at NaOoaal Di villi pi71 words
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172 1976-12-09 1 IT IS understood that the opposition line-up will eventually determine the final allocation of constituencies for the People's Action Party candidates standing in the general election on Dec 23. Reliable political.sources say that although the PAP candidates have already besn informed of their constituencies172 words
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Article123 1976-12-09 1 RADIO and Television Singapore are finalising arrangements to allocate broadcasting time to opposition parties, details of which will be announced at a later date, an RTS spokesman said. It is almost certain that the allocation of time will be in proportion to the number of123 words
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Article342 1976-12-09 1 Reuter KUALA LUMPUR, Wed. Malaysia's National oil company, Petronas, today signed production-sharing agreements with Exxon Production Malaysia. Petronas chairman Tan Sri Abdul Kadlr 8 hams Uriel In said at the signing of the agreements that the terms and conditions of Petrona's contracts with Exxon were basicallyReuter - 342 words
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Article316 1976-12-09 1 BEN Is to reduce Its capital by 60 per cent and Issue 21.55 million new 40-cent shares at a premium of 10 cents to Straits Steamship under the terms of the proposed merger with Steamers' wholly-owned subsidiary Warehousing and Transportation. The merger, which in effect316 words
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Page 1 Advertisements
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Advertisement26 1976-12-09 1 Colour TV is simply great (SEE PAGE 2) Oversee* aam/Fm Local/lnternetioal Co eews Commodities PS Local ft Omieo* PC MWI P7 Local ft Otihom P8 MWI26 words
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Advertisement95 1976-12-09 1 Stay competitive by your machinery Modern industry demands more of the manufacturer. Maintaining that competitive edge often calls for higher technology. And heavy capital investment. Leasing is one solution for the manufacturer who needs to conserve much-needed capital. Hong Leong Finance offers a wide range of flexible lease plans to95 words
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Advertisement156 1976-12-09 1 SING APORI 14 Shaw Road Singapore 13 Tel: *****1/*****7 DT-1200 reliability ahead of its time We have all been waiting for it. Now it's here. The outstanding DT-1200 introduces a technological break through into office copying machine reliability. This stylish compact unit uses the advanced Toner Transfer technique which will156 words
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OVERSEAS
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230 1976-12-09 2 Reuter LONDON, Wed. Gold exports from the US to Britain rose sharply in October to 21,834 kilogrammes to bring the year's total so far to 37,645 kg, government figures show. Much of this total reflects gold movements arising from IMF auctions, bullionReuter - 230 words
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Article70 1976-12-09 2 Reuter NEW YORK, Wed. A number of banks in a consortium that provided US$B5O million (SS2.I billion) in loans to Indonesia to help Pertamlna, have pledged not to take action following disputes over tanker charters, Informed sources said. Indonesia asked Morgan Guaranty Trust, as agent bank forReuter - 70 words
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496 1976-12-09 2 TO REVERSE UNJUSTIFIED INCREASES AP WASHINGTON, Wed. After ruling out wage and price controls, US Pre-sident-elect Jimmy Carter is considering asking some American. corporations to give notice of price increases, his advisers say. Te notice would give the Government an opportunity to brlns pressureAP - 496 words
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Article109 1976-12-09 2 UPI OTTAWA, Wed. The number of Jobless Canadians decreased threetenths of one per cent during November, bringing the national unemployment level to 7.3 per cent, Statistics Canada reported yesterday. The agency said the seasonally adjusted level of unemployment decreased by 30,000 to a total ofUPI - 109 words
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Article48 1976-12-09 2 Reuter ST. GEORGE'S (Grenada), Wed. Prime Minister Eric Galry and his Grenada United Labour Party were returned to power for the third time in succession in the Caribbean spice island of Grenada today but with a parliamentary majority cut sharply from 13 to only three. Reuter.Reuter - 48 words
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264 1976-12-09 2 Reuter LONDON, Wed. Official overseas holdings of sterling balances fell by £355 million (811.4 billion) to about £2.76 billion in the third quarter of 1976, British payments statistics showed. However, the decline was smaller than In the second quarter, when oil-exporting countries and others reducedReuter - 264 words
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Article31 1976-12-09 2 MANILA, Wed. Thailand and the Philippines have agreed to work Jointly to stop narcotics Smuggling in their Jurldlctlon within the framework of Asean, the Department of Finance said yesterday.31 words
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Article180 1976-12-09 2 WASHINGTON, Wed. US Industrial silver consumption in the third quarter this year totalled 38.1 million ounces, 13.4 per cent below second quarter consumption, but up slightly from the 37.2 million ounces consumed in the third quarter last xear, the Silver Users Association said. The association said the180 words
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344 1976-12-09 2 UPI BEIRUT, Wad. After months of lyiag low, Lebanon's banks the heart of Beirut's one-time status ns a groat financial centre are slowly oomlng bach to life. The Lebaneoe association of hanks waa Meting far the first timo today since March toUPI - 344 words
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Article127 1976-12-09 2 Reuter WASHINGTON, Wed. Stolen credit cards, counterfeit driving licences and other false credentials cost the United States more than USSIO billion (8924.5 billion) a year, a government advisory panel said yesterday. It recommended stricter standards by all public and private agencies which Issue credentials and identification documents. FalseReuter - 127 words
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241 1976-12-09 2 Reuter LONDON, Wed. Recent active chartering of large oil tankers loading In the Mideast Oulf has sharply reduced the total tonnage awaiting December loading, tanker brokers said. London shlpbroker Da vies and Newman says the tonnage availability in this area for December now amounts toReuter - 241 words
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Article, Illustration281 1976-12-09 2 Reuter BELGRADE, Wed. President Tito, warning potential aggressors Yugoslavia would be a "tough nut" to crack, has won unstinting support from Prance for his country's Independent position in Eastern Europe. A Joint communique at the end of President Valery Discard d'Estalng's twoday visit,Reuter - 281 words
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134 1976-12-09 2 UPI WASHINGTON, Wed. Rep. Benjamin Rosenthal said yesterday the ExportImport Bank has told him It will turn down any financial help to American companies that comply with the Arab boycott of Israel. Mr. Rosenthal Is chairman of the House of Representatives sub-committee on commerce, consumer,UPI - 134 words
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Article32 1976-12-09 2 Reuter WASHINGTON, Wed. U8 Treasury Secretary William Simon has voiced support for both Italy's attempt to negotiate a loan from the IMF and for its economic recovery programme. Reuter.Reuter - 32 words
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Article, Illustration607 1976-12-09 2 AP UNITED NATIONS, Wed. Kurt Waldheim, a loser in national electioneering, has turned out to be a big winner in international politics. He ran for President of Austria on the Christian Democratic ticket in April 1971 and lost to the SocialistAP - 607 words
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Article291 1976-12-09 2 AP NAIROBI, Wed Kenya and Tanzania yesterday continued their war of words over the ailing East African Community with Kenya accusing its neighbour of "systematically undermining" the regional common market. In a strongly worded statement the Kenyan Government charged Tanzania with banning the ImportAP - 291 words
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Article146 1976-12-09 2 AP WASHINGTON. Wed. Soviet leaders are signalling their readiness publicly and privately to talk business with U8 Presi-dent-elect Jimmy Carter on three key Issues, beginning with the stalled negotiations on limiting strategic arms. US officials report yesterday they have heard from Moscow through Informal channelsAP - 146 words
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488 1976-12-09 3 Reuter AP GENEVA,,Wed. The European Economic Community (EEC) called for changes in the international multifibre arrangement on textiles when it expires at the end of next year, informed sources said. They said EEC delegate Mr. Benedict Meynell told the textiles committee ofReuter; AP - 488 words
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Article144 1976-12-09 3 WINNIPEG, Wed, Reuter A SALES contract for 750,000 long tonnes of wheat to China has been announced by the Canadian Wheat Board. The contract, for approximately 27.0 million bushels, was signed in Kwangchow by a representative of the Canadian Wheat Board and the Chinese NationalReuter - 144 words
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132 1976-12-09 3 BIRMLNGH., Wed. Texas rommerro bank vicechairman Leslie Peacock said the world non-commu-nist oil industry will aoed to Inveet tome US$4BO billion (Sf 1,112 billion) over tbe next 10 years to find additional Wpf'ift A further UBWBO billion is needed to transport,132 words
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Article47 1976-12-09 3 CANBERRA, Wed. Australian Treasurer Phillip Lynch said the rate at which Australian wages had Increased over the past six years was not sustainable. He told Parliament Australian wages In the manufacturing sector had risen by 130 per cent in the past six years Reuter.47 words
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Article, Illustration1948 1976-12-09 3 Prime Minister Lee Kuan Yew insists that Singapore must take the threat of communist subversion seriously. But small countries without large standing armies or military arsenals are no longer as vulnerable as they once were, for tomorrow's wars will be fought with tomorrow'sThe Economist - 1,948 words
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Article124 1976-12-09 3 Reuter LONDON, Wed. The government of the Oulf state of Dubai Is raising a US$225 million (Sss4o million) syndicated bank credit to finance part of a US$6l2 million aluminium smelter complex Morgan Orenfell and Co, lead manager for the credit, said. The loan, whichReuter - 124 words
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Article86 1976-12-09 3 Reuter LONDON, Wed. The BUI to nationalise most of the UK shipbuilding and aircraft Industries was passed by the Lower House of Parliament, the House of Commons, by 280 votes to 277. This means the Bill will pass to the Upper House, the House of Lords, InReuter - 86 words
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Article, Illustration356 1976-12-09 3 WASHINGTON, Wednesday NYT THE United States Secretary of the Treasury, Mr. William 81mon, Is planning to return to Salomon Brothers, the New York investment banking firm he left In January 1973 to Join the Nixon government, friends of Mr. Simon within theNYT - 356 words
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Article278 1976-12-09 3 Reuter LONDON, Wed. Sterling advances to the UK private sector by the London clearing banks rose £71 million in the four weeks to Nov 17 the Banking Information Service (BIS) said. The BIS said after allowing for seasonal factors there was a further sizeable underlyingReuter - 278 words
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Article67 1976-12-09 3 Reuter PARIS, Wed. Two French unions have called on coal miner* in the Lorraine region at eastern France to stage a 24-hour' strike tomorrow, union source* said. The Confederation Gene- rale du Travail (CGT) and the Confederation Francaise et Democratique du Travali (CFDT) have called the strikeReuter - 67 words
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247 1976-12-09 3 Reuter NEW YORK, Wed. New ground in bank financing was broken yesterday, with two major New York City banks for the first time marketing long-term certificates of deposit through underwritten offerings. Chase Manhattan and Citibank offered US$425 million of negotiable certificates ofReuter - 247 words
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Article50 1976-12-09 3 Reuter ROME, Wed. Abdalla Saudi, president of the Libyan Arab Foreign Bank has told the magazine II Mondo that Libya is Interested in all sectors of Italian Industry "In which there are good opportunities and the possibility of making a profit. Our objective Is economic success. Reuter.Reuter - 50 words
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Page 2 Advertisements
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Advertisement210 1976-12-09 2 To support 0ver42,500 kilos of tractor, Sime Darby Engineering were called in on the ground?loor. When Tractors Singapore needed specially toughened flooring for their new workshop in Jurong, they chose Masterplate one of the many quality products offered to the Building Construction Industry by Sime Darby Engineering. With a shatterproof210 words
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Page 2 Miscellaneous
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Miscellaneous320 1976-12-09 2 WEATHER report for 24 hours prior to 7.30 p.m. on Dec 8 at Singapore airport: Maximum temperature 29.9° C Associated humidity 71 Minimum temperature 22.1° C Associated humidity 98 Hours of sunshine 4.35 Rainfall in millimetres Nil Total rainfall for the month 18.9 Total rainy days for the month 4320 words
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Page 3 Advertisements
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Advertisement122 1976-12-09 3 There's only one accurate answer to complicated calculations Calculators Sharp Calculators have a host of methods to help you Improve efficiency, save capital and expensive time. CS-4152 14 digits, 1 memory. Display wtth print/non-print switch. Item counter. Right shift key. Constant and complex calculations. •M m m 32 m V122 words
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Page 4 Advertisements
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Advertisement267 1976-12-09 4 11:03 a.m. £i2k ■BEbbq U [■y. <•> Mb ssu. v s» tft I m i M <* b °*fe 'v "•< x '■&v~. *> 1 s i n i nm M hi 88s? Rfffc N I y \t i<m y <• y £S6_ :%j( owK.-wv x x^^ <>;3~ I I267 words
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335 1976-12-09 5 BOUBTEADCO Singapore U to sell its 50 per cent stake in Guthrie Boustead Shipping Agencies to Boustead Holdings for M 5900,000 cash. The sale of this Investment, with retrospective effect from Jan 1, this year, represents the final stage In the reconstruction of the Boustead335 words
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Article42 1976-12-09 5 MALAYAN CREDIT Unaudited group pre-tax pro- 1 fit $890,866 ($2.45 million) lor the first half-year ended Sept 30. 1976. Turnover $2.95 million ($4.07 million). Company pre-tax profit $1.33 million ($2.62 million) on turnover of $2.09 million ($3.17 million).42 words
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Article43 1976-12-09 5 SOVRAN INDUSTRIES (M) Consolidated pre-tax profit M5U6,063 ($467,121) for the year ended June 30, 1976. Tax $260,801, ($334,721) leaving after-tax loss of $144,738 (profit $132,400). Minority Interest $1,311 ($117,999) and extraordinary gain $243,858 (loss $9,890) making attributable profit of $100,231 ($240,509).43 words
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Article26 1976-12-09 5 MALAYSIAN CONTAINERS (1974) Unaudited group pretax profit after minority interest M 51.36 million ($1.09 million) for the first six months ended Bept 30, 1978.26 words
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Briefly
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Article109 1976-12-09 5 MELBOURNE, Wed. Hamersley Holdings said It will Issue US$3O million of notes and debentures on the International capital market. The Issue will consist of $40 million of seven-year notes due 1984 and $40 million of 15-year debentures due 1992, expected to be offered on Dec 17.109 words
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Article95 1976-12-09 5 DUNEDIN, Wed. ICI New Zealand unit Minzlmp Exploration and Newport of the US will prospect for gold on a 50-50 basis off the Otago coast, ICI NZ corporate relations manager. Mr. Lindsay McCallum, said. He said work will start as soon as a formal licence for a95 words
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Article47 1976-12-09 5 PARIS, Wed. Staff at the Paris bourse voted In favour of holding a 24-hour strike tomorrow, union sources said. The action is to back staff demands for renewed negotiations with stockbrokers on their call for an agreement guaranteeing Job security and permitting early retirement.47 words
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Article75 1976-12-09 5 LONDON, Wed. The amount of the five-year note issue for Ootaverken has been raised to US$4O million from the original $20 million and priced at 100& on an eight per cent coupon to yield 7% per cent, a spokesman for lead manager Orion Bank said. The company is also75 words
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Article71 1976-12-09 5 MOLINE, m., Wed. Deere said tbe United Auto Workers strike at its US farm and Industrial equipment plants resulted In lower earnings for the fourth quarter ended Oct 31, 1976, and will reduce the total production originally scheduled for the fiscal first quarter 1977. The strike was settled on71 words
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Article73 1976-12-09 5 NEW YORK, Wed. Atlas Consolidated Mining and Development Corp has declared a cash dividend of 0.05 Philippine pesos (equal to eight Us cents,), payable on Jan 18 to shareholders on record on Dec 17. The company said the dividend, which is subject to the Philippine withholding tax, is73 words
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Article25 1976-12-09 5 AMSTERDAM, Wed. Amsterdam Rotterdam Bank said its 150 million guilder, nine per cent 25Kr capital debenture loan been priced at 100.5 per cent.25 words
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Article39 1976-12-09 5 CALBARY, Wed. Hudson' Bay Oil and Oas has declared a quarterly dividend of 38 U8 cents per share on its common shares, an Increase of three cents payable on Jan 27 to shareholders on Record on Dec 31.39 words
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Article72 1976-12-09 5 HONOKONO, Wed. Lane Crawford has declared an unchanged Interim dividend of 50 HK cents for Its 'A* shares and five cents for 'B' shares for the year ending March 31, 1977. Both dividends are payable on Dec 30. It expects to pay a final dividend of not less72 words
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Article71 1976-12-09 5 OSLO, Wed. The Norwegian shipping companies Trajan and Hadrian of the Reksten group arranged a UB9lOO million loan with a consortium of foreign banks, a statement by the companies said. Trajan will receive $62 million and Hadrian $34 million. The loan has been negotiated under an agreement with71 words
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Article368 1976-12-09 5 SINGAPORE Ceramics (formerly Malaysia Tile Manufacturing) is facing changes at its helm Just as it appears to be finding Its feet after a rather chequered career to-date. The prospect of such a change is presaged in a brief announcement by Singapore Ceramics' managing director,368 words
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Article732 1976-12-09 5 TRUE to 1U forecast In the last annual report, trading conditions at Malaya Glass Factory took a turn for the better In the year ended July 31, 1976. This has enabled the company to achieve a more than threefold increase in pretax profit from $276,811732 words
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COMPANY MEETINGS
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20 1976-12-09 5 THE following company meetings are due: Dec 0,10 a.m., Registered Office, 31 Shipyard Road, Singapore 22.20 words
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Article15 1976-12-09 5 Dec 11, 12 noon, Bth Floor, Clifford Centre, Raffles Place, Singapore 1.15 words
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Article14 1976-12-09 5 Dec 11, 12 noon, Registered Office, 92 Jalan Bandar, Kuala Lumpur.14 words
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16 1976-12-09 5 Dec 15, 2.30 p.m. 10-A. Block 34, Commonwealth Lane, Singapore 3.16 words
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17 1976-12-09 5 William Jacks Company (Malaya) Bhd.: Dec 18, 12 noon, Registered Office, Jalan 13/14 (Jalan Bersatu), Petallng Jaya.17 words
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Article150 1976-12-09 5 NEW YORK, Wed. Net K'oflt at Firestone Tire and übber plunged 72.5 per cent to US$l6.OB million from $58.57 million in the fourth quarter ended Oct 31, 1976. This reduced the full year earnings by 28.5 per cent to $96 million compared with $134.3 million last time.150 words
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Article25 1976-12-09 5 ZURICH, Wed. Scandinavian airlines (SAS) forthcoming 80 million franc. 15year, Vt per cent loan was priced at 99.5 per cent, primary market sources said.25 words
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Article236 1976-12-09 5 Reuter BIRMINGHAM, Wed. British Petroleum chairman, Mr. David Steel, said It Is becoming increasingly important for oil companies to oe given sufficiently large offshore exploration areas and sufficient time to explore them. There should be some form of guarantee of the companies' position In areasReuter - 236 words
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189 1976-12-09 5 Reuter LONDON, Wed. Occidental Petroleum Corporation said the first well from the North Sea Piper Field Eroductlon platform has een completed and oil produced from this well Is being transported through the 135-mile 30 inch pipeline to the Flotta terminal In the Orkney Islands. ItReuter - 189 words
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Article88 1976-12-09 5 Reuter LONDON, Wed. EMI shareholders approved a change in the company's articles at the annual meeting enabling EMI to raise Its borrowing limit to £265.3 million from £165.9 million. However, directors undertook to Umlt borrowing to £216 million uritll lifted by preference shareholders. Chairman Sir JohnReuter - 88 words
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Article1054 1976-12-09 5 On December 7 PRICES were mostly lower on the Chicago Board Options Exchange on Tuesday. Declines led advances 258 to 191. Volume approximated 86,544 contracts, up from 75.714 contracts on Monday. Alcoa OPTION JAN APL JLY STOCK 45 UNTRD NOL NOL 53 7/8 Alcoa SO 4 3/41,054 words
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Article141 1976-12-09 5 Reuter BIRMINGHAM, Wed. British Petroleum chairman Mr. David Steel, said he has had no official confirmation of any Government Intention to sell p&rt of Its directly held 48.2 per cent stake In BP or the 20.1 per cent through the Bank of England. "TheReuter - 141 words
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Article117 1976-12-09 5 LONDON, Wed. For the first six months ended Sept 30, 1978, Standard and Chartered Bank has reported pre-tax profit of £47.67 million compared with £46.73 million last time. However, the bank states that the results are not strictly comparable. Earnings per share came to 31.4p (34.6p) and It117 words
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Article384 1976-12-09 5 Cwraat Kx Data Dm* payable TaUlfcr tbayaar Tata! for Taiaa Ht|w M<aMla« N.Bukta( Mia. 8*c. KN-LUM U.I.C. Taabiha MalahrfT Kkt^OMiPiNr BokitKatU P.M. HoUlaca UudAPia. MataJBoxkM. lieketpiLtti HlaadAL'taad S. Darky TiuDrr.Ltu N.IimL«u 8'Hr*Lu4 Aakam Kulim Malay aaTia 8Ua. Malaysian Tin Toafkak Harbour 8.M. Imi. Lawar ParakTia Soma N.8.O.P. PAN384 words
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Article87 1976-12-09 5 MESSRS. Tay Beng Swee, Lee Ah Gam, Yap Pui Chung, Abmm W. Dawe and Tay Boon Hee have resigned as directors of South Johore Amalgamated Holdings with effect from Oct 18. Mr. Merle Harrel has been promoted to division manager of International Operations for Brlnadd International. Guardian87 words
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Article101 1976-12-09 5 MURATA Manufacturing has Informed the Stock Exchange of Singapore that two of Its subsidiaries In the US have emerged. The two companies Involved, Murata Corporation of America (New York) and Murata Manufacturing Company (Georgia), merged on Oct 27 this year and it was duly authorised by the101 words
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Article62 1976-12-09 5 FOR the year ended Sept 30, 1976, Singapore Traction Company has reported an operating loss of $35,583 compared with a $25,051 deficit last time. This brought accumulated losses to $14.03 million. The company ceased public transport operations on Dec 5,1971 and since that date has carried out no62 words
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Page 5 Advertisements
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Advertisement36 1976-12-09 5 n Z* Sfagr«* s w. Radian I 2N Another fine product brought to you by: food beverage (privata)itd. S7S. ILK IT TIM AH ROAD. t SINGATOKE. 10 TEL *****3 rO Box 2023. KUALA LUMPUR TEL M4S336 words
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Advertisement226 1976-12-09 5 NEW (1976) EDITION OF DBS DAIWA'S MANUAL IS AVAILABLE NOW FOR YOUR INVESTMENT IN THE SINGAPORE MALAYSIA STOCK MARKETS THE MANUAL PRESENTS LATEST AVAILABLE DATA ANALYSIS OF 170 LEADING STOCKS DBS-DAIWA SECURITIES INTERNATIONAL LIMITED POOIUM SI 7, MS SUILMN6. 4, SHCMTON WAT, SINGAPORE 1. TELEX: RS *****/RS ***** AMS. RACK226 words
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Article1987 1976-12-09 6 SECTION ONE INDUSTRIALS Gr'» Gr'i Net V 1976 Last div Div y'ld P/E V«1 Day High Low Company Sale +or- C'VT ('WO) High Low 175* 135* Acma 135xri unch 12.ON 1.1 8.8 6.8 2 137 135 206 172 Alcom 206 20.0 1.3 9.7 13.2 100 60 Allied1,987 words
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Article1197 1976-12-09 6 BID and offer prion officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in bracket* in lots of 1000 units unless otherwise specified. All TUne Settlement Contracts are quoted after the word "Sett." Big Board1,197 words
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Article1291 1976-12-09 6 BID and offer prices officially luted 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 а. rap* <o.4ea>. Aimawt* (i.788). Al**m (2 138 2.148) A. CM**1,291 words
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Article143 1976-12-09 6 SINGAPORE UNIT TRUST (Mui|m' price* for Dm t) The Commerce 1.17 1.77 The Baring Fund 0.S3 0.96 8'pora Prof. Fund 0.7S 0.83 S pore Security Fund 1.26 1.32 8'pore Invest Fund O.n o.M A8IA UNIT TRU8T (Mi«i|«' price* for Dm Mai Inreet Fund l.M 1.75 Mai Prof Fund143 words
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Article117 1976-12-09 6 B O T 8 1/3% I*Bl (100,000) (102HB 102*8) D B S 8 1/2% 1562 (100,000) (99*8 100*8) DBS Coaverta 1/2% 1991 (100,000) (978 97*8) E I B 9% 1982 (100,000) (102*B 102*8) E I B 8 1/4% 1983 (100,000) (99*8 99*8) I B J 8 1/2%117 words
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Article110 1976-12-09 6 5 1/2* 1/12/77 (1,000,000) (101.558 101.658) 5 1/2* IS/4/78 (1,000,000) (101.558 101.828) 5 1/4* 15/7/78 (1,000,000) (101.308 101.358) 1/2* 15/8/78 (1,000,000) (103.308 103.408) 7* 1/7/79 (1,000,000) (104.508 104.858) 5 1/4* 15/10/79 (1,000,000) (100.858 8 3/4* 15/8/80 (1,000,000) (102.958 103.008) 8 3/4* 1/12/80 (1,000,000) (102.958 5* T F110 words
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Page 6 Advertisements
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Advertisement232 1976-12-09 6 "V <X' ":r yin## <■ >Vv: O CZ* 0* wcsm HI iiPii p. |M# mj&memm .it >' >* apti m <<. ..> A^' ■j Mi w n I I V Alex Josey has long been an observer, recorder and commentator of the Singapore scene. In this new book, he examines232 words
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Article502 1976-12-09 7 ON Um fint lip of speculatin lupport, albeit only ■ihrtu ia Baton, ikam displayed one of their beet [mrfnun m »wu In weeks at the Stock Exskanfc* of Singapore yesterday. Market leadsrs were taken up significantly across the board. In exit erne cases fains ranged up502 words
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Article415 1976-12-09 7 SHAREB gained further ground In fairly active trading on the Kuala Lumpur Stock Exchange yesterday. Unlike previous occasions, trading was more widespread and lively, with some normally very quiet counters like Far East Levingston, Guinness Malaysia and Intraco seeing some deals. The better interest resulted415 words
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136 1976-12-09 7 Reuter HONGKONG, Wed. Lap Heng has announced an .Interim dividend of 20 cents (same), for the year ending March 31, on capital increased by a one for 10 bonus issue. The company said although turnover rose by 17 per cents In the first six months,Reuter - 136 words
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Article1153 1976-12-09 7 NEW YORK: Stocks turned mixed after trading higher all day on Tuesday, trading was heavy. Analysts said the market ran Into some proflttaklng after the gains of the past two days. Analysts noted lower Interest rates recently have Improved stocks as Investments relative to bonds. Analysts also said1,153 words
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Article135 1976-12-09 7 MILAN: The market closed mixed in thin trading on Tuesday, with activity hampered by Wednesday's holiday, dealers said. Aiiicuraxioni General!, Sail Viacoaa, both Pirelli and Olivetti Pri gained, while Flat, Generate Immobiliare, Montedlaon and Olivetti ord eased. Bonds showed scattered gains In light trading. DEC 07 Lire Anlc 490135 words
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Article387 1976-12-09 7 HONGKONG: The market closed firm wlUi a steady undertone on Wednesday although buying support was umltsd and selective, dealers said. The Hang Sen* Index roee 2.01 points to cloee at 403.96. They noted Cfcta* Pwtfcsl which is rarely traded, rose 70 cents to 98.70 and the HK WWrf loan387 words
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Article399 1976-12-09 7 PARIS: The market closed mostly Irregular on Tuesday, dealers said. A higher Wall Street and the easing of call money rates to 10-7/1) per cent from 10* aided sentiment, but a negative factor was the continued national newspaper strike, they added. Locafrsaee eased while Parlbes firmed among banks. Carrefeur399 words
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Article263 1976-12-09 7 FRANKFURT: Most shares on Tuesday closed up to 1.50 marks higher but off the day's highs, as some profit-taking set In after early rises on Investment fund and private demand, market sources said. Among electrlcals, ABG firmed 1.80 add Steam was one mark higher while in motors BMW gained263 words
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Article124 1976-12-09 7 BRUSSELS: The markets was sharply higher with buyers dominating moderately active trading on Tuesday, dealers said. Arbed was the only major local Issue to fall. UK. US and French Issues rose. Golds were mixed, and other foreign stocks little changed. Seny was again notably firm In Japanese Issues. PetroAaas124 words
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Article407 1976-12-09 7 JOHANNESBURG: Oold shares on Tueeday traded basically steady at higher levels in line with European bullion Indications although dealers noted small profit-taking. Heavyweight stocks gained up to 75 cents as St Hslsaa ruled at 2.000 (1,925) while W.Dries gained 25 cents on the day at Financial minings remained hsstrslly407 words
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Article230 1976-12-09 7 ZURICH: The market continued higher In selecUved active turnover, partly Influenced by the rally In New York on Tuesday. dealers said. Major banks met good demand, with BankfMclischaft rights showing strong gains. Financials and Insurances also rose. In an active foreign sector, dollar stocks rose, Dutch Internationals closed mixed230 words
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Article270 1976-12-09 7 AMSTERDAM: Bhares closed firmer on Tuesday as buying Interest increased after and mixed opening. Eey*l Dirtck and Uiilmr were In strong demand and cloeed 1.70 and one guilder firmer respectively. ABN led banks 5.90 guilders higher. Shippings rose but Insurances were mind. Asm*, whleh said it will bid for270 words
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Article391 1976-12-09 7 SYDNEY: The market closed hither on Wednesday led by major mining and industrial stocks, particularly thoee with an export bias, dealers said. The Bydney All-ordinaries rose 11 points to clow at 429.97 They said the rise In gold, copper and other commodity prices and the strong overnight performance of391 words
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Article211 1976-12-09 7 TORONTO: Warfare OUs maintained a 1M point advance while the Industrials Index dropped a H point gain to cloee fractionally higher In active trading on the Toronto market on Tuesday. DEC «7 38 47AbttltX tH unch Alcan ...MM 4-* Aifom* 18* 4-* Bank Mont 14* unch Ball Tel 47*211 words
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Article487 1976-12-09 7 TOKYO: The market closed sharply higher, in active trading on Wednesday on expectations former deputy prime minister Takeo Fukuda would become prime minister and take further reflationary measures, dealers said. The Dow Jones average gained 60.98 to close at 4,717.8, with volume 430 mln shares. The New index also487 words
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Article138 1976-12-09 7 MANILA: The market weakened on Wednesday particularly the oil sector following a less than encouraging official report on tests of drilling in the Nido area off Palawan Island by Cities Services, traders said. All averages were down, and was Increased by selling. Losers exceeded gainers 31 to one with138 words
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Article76 1976-12-09 7 Am Fibre 110 unch Bangkok Bank ai •f2 Bangkok Invert. 1S7 Bangkok-Metro-politan Bank mm Bata 356 unch BerUJucker 157 unch Charoong Thai Wire 150 Dumex DualtThani Faber Merlin FlntTruat Indo-Thai 170 J And J Ho 156 -2 Jalaprathan Cement 76 ♦1 Karnasuta LeeKwangMln Metal Bos 4.656 Rama Tower* mm76 words
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Article83 1976-12-09 7 FINANCIAL TIMES INDUSTRIALS 319.8 310.1 Week ago 297.8 TINS Tuesday 116.98 Monday 118.98 Week ago 114.93 RUBBERS Tuesday 494.68 Monday 497.24 Week ago 510.94 OILS Tuesday 402.83 Monday 405.19 Week ago 386.88 DOW JONES AVERAGE INDUSTRIALS Tuesday 960.69 Monday 961.77 Week ago 947.22 LONDON DOLLAR PREMIUM Tuesday 117W to83 words
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Page 7 Advertisements
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Advertisement176 1976-12-09 7 Confront Singapore's decision makers in Business Times I For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these176 words
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COMMODITY REPORTS AND PRICES
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Article644 1976-12-09 8 OPENING Indications In the Singapore rubber market yesterday were marked down by about 2.25 cento foil owing lower overseas advices. Thereafter prices moved narrowly, but towards the morning's close, firmed slightly on scattered short-covering, dealers said. Fair trading was noted in nearby forwards on outright and switch basis644 words
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Article98 1976-12-09 8 DAILY SSR and SMR prices at noon yesterday: Dec. Jan. R.A.S. (Cumat Mth) (Far RIIVM ward Mth) a Seller* (CM lUparkc) tiuyer tUparkg) SSR 20 (1-ton Pallet*) 185.00 187.00N 188.00 188.00N SSR SO (1-ton Pallets) 182.50 184 50N 183.50 185.50N M.R.E.L.B. Jan Feb SMR5CV (1-ton pallet) 220.0098 words
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Article215 1976-12-09 8 THE Straits tin price In Penang yesterday was down 84.37 ft to 81.234 per picul on an official offering up 12 tonnes to 231 tonnes. In LONDON yesterday, tin was virtually unchanged In both contracts. Prices were modestly higher in the pre-market under a little covering but tended215 words
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Article30 1976-12-09 8 Rabbar: Dec ft. Biagapere: Dec. 191.80 eta (dewa 2.78 ete.) Malaysia: Jan. 202.80 eta. (dewa 3.00 eta) Tin: $1,234.00 (down 14.37'/i) Official offering: 231 Umnaa (op 12 tonnea)30 words
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Article106 1976-12-09 8 LONDON, Wed. Lead rose by £3.25 per tonne for Cash and £2.50 for Three Months. Prices rose from £286 per tonne for Three Months on the pre-market £289.50 in the ring and finally to £290 on the kerb. Buying mostly appeared to represent covering against reported physical business in106 words
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Article134 1976-12-09 8 THE following Palm Oil prices wer« > quoted In London on Tuesday The prices are elf Rotterdam and are quoted In US dollar per lone ton unless otherwise SUM. Tuesday Pm. Malaysia 5* ffa bulk 465 sir Dec unch Jan 458 sir 458 sir Feb 458 sir 456134 words
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Article245 1976-12-09 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Cocoaut Oil: Bulk *80 Miters, old drum MS teller*, new drum 990 Milan. Copra: Mixed (Ioom) UK/Cont ♦49 V, buyers p»im: Muntok AST A white fob 100* NLW 1307* sellers. Ssnmk white f.o.b. 90* NLW 1290 Miters. Sarawak245 words
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Article339 1976-12-09 8 IN the Singapore gold market yesterday, the loco London gold opened at U*****2.70/133.20 following the easier trend In the U8 futures gold market on Tuesday. Thereafter investment demand emerged and the metal traded to a high U*****.50/135.00 at the cloee, in expectation that the fifth International Monetary Fund gold339 words
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Article253 1976-12-09 8 LONDON, Wed Copper wire bars gained £1.00 per tonne for Cash and £1.50 for Three Months. Dealers said y&lues were steady on the pre-market under modest buying support, mostly encouraged by softer sterling, with Three Months trading up to £785 per tonne. In the ring, however, light hedge selling253 words
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Article77 1976-12-09 8 LONDON, Wed. Zinc gained £3.25 per tonne for Cash and about £3.50 for Three Months. Tuesday's advance was extended as nervous shortcovering and speculative buying lifted Three Months up to £398.50 per tonne before hedge selling pared the price by £1.00. Sales were 2400 tonnes. On Tuesday afternoon, zinc77 words
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Article149 1976-12-09 8 LONDON. Wed. Silver finished around 1.2 pence per troy ounce higher to unchanged. Prices appreciated steadily throughout the ring under covering and fresh buying prompted by firmness In gold, dealers said. At the close, Three Months was changing hands at 271.3 pence after touching 271.4 pence. Trading was more149 words
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Article256 1976-12-09 8 LONDON, Wednesday. Terminal opened quiet with E rices around Tuesday's erb levels, but £1.10 to £1.85 above Tuesday's close. Sales were 284 IoU. Dealers said there was little news to encourage fresh Interest although some trade buying after the opening call gave the market a steady appearance. In actuals256 words
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Article148 1976-12-09 8 BANGKOK, Wed Indicative prices for rice quoted yesterday were: (US dollars per tonne fob basis Bangkok) In HONO KONO, the market was steady with prices up 20 cents to 81.00 per plcul. The day's turnOver totalled 376 tons,com-i prising Thais 119 tons, kwangtungs 155 ton and Australlas 102 ton.148 words
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MONEY AND EXCHANGES
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Article517 1976-12-09 8 STERLING failed to retain the advance made during the Initial trading hours in the Singapore forex market yesterday, despite Mr Denis Healey's announcement of a possible disclosure of the agreement made by Britain and other countries to consolidate sterling balances. Dealers said that although the pound opened higher at517 words
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Article148 1976-12-09 8 Asian rates ASIAN currency depotit Interbank rale* u at cic we on Dec t U8 DolUi Offer 7day* 4 2/4 4M 1 mth 45/8 41/2 2 mthi 4 12/1# 411/1# 3 mthi 415/1* 412/1# Imthi 31/1# #1/1# mthi 3 2/B 3 1/4 It mthi 8 1/2 3 3/1 Bm.Tn. (■kUWn148 words
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Article46 1976-12-09 8 RANGE of price* < houses on Dec jffered by discount Overnight 1% to M Call deposit ft CM ■C 3-Month Treasurer bUls iUit 21V16 J- Month Bank Mils J J/8 li/1 3-Month CD 311/lt 3 V16 Month CD 4 VII vie Source: National Discount Co46 words
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Article59 1976-12-09 8 Minimum lending rates (in ACBC 6%i Algemene Bank 9% Bangkok Bank .7% Bank of America 6\ Bank of China.. .7* Bank of Tokyo .«*> Bank Negara Indonesia 7'* Chartered Bank .6* Chase Manhattan Mt DBS 6* First Chicago 6% Citibank 6* HSBC 7 Indosuez 6% Malayan Banking 6* Mitsui Bank59 words
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Article280 1976-12-09 8 LONDON, Wed. Sterling opened steady in the U581.67 area against the dollar, maintaining a firm undertone after its sharp advance late on Tuesday. The pound traded as high as 81 6710/20 Initially before slipping to 81-6685/95 in latest trading. It closed more than IK cents higher overnight at 81-6700/20280 words
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Article150 1976-12-09 8 NEW YORK, Tues. The dollar closed slightly weaker after a lacklustre trading session with volume falling ahead of the Christmas holidays, dealers said. Activity centered on sterling, which lost ground from earlier highs In London as the market registered disappointment with British Chancellor Mr Denis Healey's proposals on150 words
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Article76 1976-12-09 8 HONGKONG, Wed. The US dollar rose to HKS7SBO/7610 In late trading from Tuesday's $4.7530/50 in moderately active trading, dealers said. However they noted short term money rates tightened still further, probably due to covering In advance of Chinese New Year payments. Overnight was traded at 4 3/4 per cent,76 words
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Article97 1976-12-09 8 TOKYO, Wed. The U8 dollar for overnight dellvery closed quietly easy at 296.40, down from 206.55 at Tuesday's close and little changed from 296.35 at the opening. Dealers said the US currency ruled easier In moderate trading with dollar buying subsiding, although the rate briefly rose to 296.65 In97 words
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Article42 1976-12-09 8 THE Monetary Authority of Singapore (MAS) Invites banks and discount houses to tender for a total of <30 million 91-day Treasury bills to be issued from Dec 13 to Dec 17. Each Tender must not be less than 9250,000.42 words
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Article47 1976-12-09 8 Euro rates LONDON. Wed Trading In Eurodollar deposits was quiet at the outset, dealers said. Period rates opened lower reflecting the Friday dealing technicality and have shown little change since. Short dates showed little change from overnight levels In routine trading. Eurodollar deposit rates were not available.47 words
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Article53 1976-12-09 8 AUSTRALIA/NZ exchanges quoted on Dec 8. Australia: Sterling 0.6259 0 .6183 US dollar 1.401 1.0353 Ninety day air mall buying rates: Sterling 0.6570 US dollars 1.0643 Ninety day forward buying rates: Sterling 0.6446 US dollars 1.0422 New Zealand: Sterling 0.5466/0.5436 US dollar 0.9189 0.9089 Ninety day forward rate: Sterling53 words
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Article40 1976-12-09 8 ZURICH exchanges quoted on Dec 8. US 2.4510-4530 UK 4.0830-0945 Can 2.3880-3910 W.Oerm 102.18-28 Neth 98.04-16 France 49.01-04 Belg 69-V* Denm 41.80-85 Norw 46.85-91 Swed 58.71-78 Italy 0.2827-2830 Austria 14.38-41 Port 7.76-78 Spain 3.58-- Arg 0.85-1.15 Japan 0.82-Vk 8340 words
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Article15 1976-12-09 8 The Frankfurt forex rates were not available yesterday due to a delay In transmission.15 words
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Article319 1976-12-09 8 LONDON, Wed. Straight bonds were slightly firmer in fairly active trading, dealers said. Dollar Issues tended point higher on short covering and lack of activity in the new issue sector. In first time dealings the Gotaverken eight percent notes traded around It's issue price of 100- Vj at319 words
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Article283 1976-12-09 8 LONDON, Wed The terminal staged a sharp recovery during the opening call after an initial decline of around £25 in Mch at £2,385. At the call's end, values were £10.00 higher to £5.00 lower from Tuesday's close with 203 lots traded March traded up to a high of £2,412283 words
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Article160 1976-12-09 8 CHICAGO, Tues. Wheat futures finished at the day's lows with losses of 2V» to 3* cents a bushel. Prices advanced early on continued speculative support encouraged by recent market advances but a lack of follow through and professional selling brought a downturn. Prices fluctuated narrowly until selling pressure increased160 words
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Article169 1976-12-09 8 CHICAGO, Tues. Soybean futures closed six to two cents a bushel lower at the end of a session which saw prices move to either side of the previous close within a 10 cent range. There was a lack of follow-through In either direction with professional and local selling and169 words
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Page 8 Advertisements
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Advertisement116 1976-12-09 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times 'A 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 (excluding116 words
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TRANSPORT AND COMMUNICATIONS
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Article94 1976-12-09 9 PakistanB'desh air link UPI DACCA, Wed. Commercial fllghis between Bangladesh and Pakistan were set up yesterday when the first Pakistan International Airlines flight arrived here yesterday with seven passengers. Pakistani ambassador Khurshld Ahmed received the passengers at Dacca airport. The flight left later with 100 passengers, mostly businessmen from Bangladesh.UPI - 94 words
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Article30 1976-12-09 9 CATHAY Pacific has appointed a general sales agent in South Thailand based in Haadyai. Surin Usaha Travel Service will be looking after Cathay Pacific's affairs in the region30 words
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Article, Illustration819 1976-12-09 9 DAVID AXTELL - By DAVID AXTELL Reuter THE Trio and Scandutch shipping consortia which cover most container trade from Europe to the Far East will begin phasing their container fleets through the Suez Canal In mid-January 1977, a Trio spokesman told Reuters. If all goesReuter - 819 words
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Article884 1976-12-09 9 J. WORRALL - KENYA'S liberal policy on aviation i» bringing in big dividends, and most other airlines seem content to go along with it. Kenya kicked out most of its Asians, but Air India has headquarters in Nairobi and Kenya's anti-com-munist policy is flexible enough for Aeroflot to runFinancial Times - 884 words
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Article, Illustration356 1976-12-09 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Alt&lr (6L8N)(2300 after Gabrlele Kogel) 46 Ayuthla (0500 3/4 Barge Tal Chin (0700 a/slde Dong Mln) 31/32 Chen Fong (0000 27/28 Fortune Trader (3FCO) (1100 after Panteleymen Peleshinskly) (Subject freeboard) 25/26 Oaopeng (3EZH) (2200) 44 Rajah Brooke (0600) 20 West SBS in (B.356 words
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Article226 1976-12-09 9 AP LONDON. Wed. Time chartering and single-voyage fixing in coal, scrap, chemicals, sugar and ore provided most of the business of the London shipping freights market yesterday. There was a continued lack of Interest In the grain sector. The Far East was particularly busy, with time-charter demand forAP - 226 words
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Article204 1976-12-09 9 Reuter ROME, Wed. Two Libyan bankers who helped to negotiate Libya's recent Eurchaae of a stake In Plat ave been quoted as saying that Flat would have to step In if the company's La Stampa newspaper damaged the company's business. Mr. Regeb Msallatl,Reuter - 204 words
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Article73 1976-12-09 9 LUFTHANSA German Airlines has ordered a new UNIVAC 1100/80 computer system, the first world airline to operate the system. The agreement to lease the new data processing equipment was signed by Dr. Herbert Culmann, chairman of the executive board, In Cologne recently. The agreement calls for the73 words
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Article544 1976-12-09 9 ARRIVALS SfrViOf Operator Number Lml Time Prom OA SAS OA472 SK988 0700 8 YD HLP SIA CPA OLA SQ211 CX710 OAMO 1010 1030 1030 HLP HLP HLP OIA PAL QA908 PR501 1100 1115 ME8 MNL SIA SIA OIA THAI SQ201 SQ240 OA896 T0413 1300 1205 1215 1245544 words
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Page 9 Advertisements
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Advertisement443 1976-12-09 9 Get off the bandwagon! p SINGAPORE TRADE AND INDUSTRY puts its finger on survival techniques for the Singapore businessman in its November issue don't follow the crowd, diversify, and fast! The Republic's leading monthly economic review examines practical applications of this principle with its in-depth coverage this month of the443 words
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Article, Illustration1271 1976-12-09 10 LOW LEE CHOO, DILIP MUKERJEE - The RRl's Technology Centre will provide research assistance to manufacturers in the region By LOW LEE CHOO, DILIP MUKERJEE THE $10 million Technology Centre at Sungei Buloh, which has Just got Into its stride, marks the first major step towards providing research assistance to1,271 words
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Article, Illustration1284 1976-12-09 10 JOCHEN RUDOLF - As Britain faces up to the terms of a huge International Monetary Fund loan, there is more talk of creating a "siege economy". But that method was once tried in Germany under Hitler. And contrary to popular belief, it was not without its pitfalls. By JOCHENFinancial Times - 1,284 words
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Page 10 Advertisements
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Advertisement441 1976-12-09 10 I T f S 'Ho 0/ V/S *Y/0/> A A.*. THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies,441 words
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310 1976-12-09 11 Reuter UPI SYDNEY, Wed. Federal Treasure Phillip Lynch said the Australian dollar, which was devalued by 17.5 per cent nine days ago, was revalued by two per cent yesterday to curb the massive inflow of foreign capital. Mr. Lynch said the policy reversalReuter; UPI - 310 words
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Article90 1976-12-09 11 Reuter BONN, Wed. West Germany has promised to give Thailand one million marks (S$ 1.03 million) and Mozambique 300,000 marks to help them cope with foreign refugees, Foreign Ministry officials said yesterday. They said the pledge was given to Mr. Ole Volslng, director for internationalReuter - 90 words
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Article56 1976-12-09 11 AP LIMA, Wed Peru's Government once again devalued the sol currency yesterday, fixing Its new parity with the U8 dollar at 08.32 soles. It was the 17th minidevaluation since Peru's central bank began the series of currency readjustments Sept 26 and the 19th since President MoralesAP - 56 words
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890 1976-12-09 11 KUALA LUMPUR: Producing countries, spearheaded by Malaysia and Bolivia, are making a determined bid for an upward revision of the floor and ceiling prices of tin at the second session of the Fifth Agreement of the International Tin Council now meeting In London.890 words
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469 1976-12-09 11 IN ARAB OIL PRODUCTING NATIONS AP DUBAI (United Arab Emirates), Wed. More than half tbe 20-36 per cent Inflation rate In Arab (Ml producing nations is attributable to local conditions and the way government programmes and private investment are administered, according to officials of four centralAP - 469 words
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Article, Illustration455 1976-12-09 11 UPI MANILA, Wed. The recent refusal of the Philippine Government to accept a new military bases agreement with the United States Is seen here as a calculated risk Intended to mollify non-aligned Third World nations without closing the door on negotiationsUPI - 455 words
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Article248 1976-12-09 11 UPI SEOUL, Wed. South Korea will build a pilot uranium refinery as part of a long-range plan to localise nuclear fuel for Its atomic power plants under construction or study, a government official said yesterday. Dr Choo Chal-yang, president of Korea Nuclear Fuel Development Institute,UPI - 248 words
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Article117 1976-12-09 11 KUWAIT, Wed. The Kuwait Government is planning to rebuild and expand the oil town of Ahmadl at a cost of one billion dinars (about SIB.B billion), the newspaper Al-Slyassah said here yesterday. It said studies for the project have been completed by a property117 words
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165 1976-12-09 11 AP BANGKOK. Wed. The Public Prosecutor today iU.i»i pre— reoorts that the government had dropped criminal charges against a trio of military strongmen who were toppled from power hy student demonstrators more than throe years ago. Mr Pratueng Keratibut, director of the Public ProsecutionAP - 165 words
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Article38 1976-12-09 11 Reuter JAKARTA, Wed Only eight per cent of Indonesia's 130 million population have electric lighting In their homes and power supply Is limited almost entirely to urban centres, the semi-official news agency Antara reported today.Reuter - 38 words
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335 1976-12-09 11 KUALA LUMPUR, Wed. Police led by the Chief of the Commercial Crime Section, Deputy Supt. Thong Kud Sin, conducted a search at the office of Central Securities (Holdings) yesterday afternoon. Similar searches were also made at a related company, Malaysia Borneo Finance and the335 words
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193 1976-12-09 11 Reuter PEKING, Wed. China today splashed the news It had launched another satellite, and for the first time In a major announcement omitted reference to the campaign against former VicePremier Teng Hsiao-ping. A front-page report in the official People's Dally said the capsule,Reuter - 193 words
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121 1976-12-09 11 Reuter GENEVA, Wed. Millions of workers employed on rubber, sugar, tea, cotton and coffee plantations are among the world's poorest people, the International Labour Organisation (ILO) said yesterday. Many earn less than US$l (552.45) a day, the ILO Mid In a statement Issued on theReuter - 121 words
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Article28 1976-12-09 11 AP BUENOS AIRES, Wed A three-man Argentine trade mission left for China yesterday to negotiate the sale of Argentine cereals to Peking, the government said APAP - 28 words
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Article311 1976-12-09 11 Reuter MEXICO CITY, Wed. Mexico's new government plans to woo private enterprise Into a large Investment programme to help revive the economy, officials said today. President Jose Lopes Portillo, who took office last Wednesday In the midst of a political and economic crisis, Is movingReuter - 311 words
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Article125 1976-12-09 11 Reuter MANILA, Wed. A new consortium of oil companies Is to begin drilling a well off north-west Palawan Island, not far from an offshore well on which proving tests are now being done by the cities services group, Energy Development Board chairman Qeronlmo Velasco said. He toldReuter - 125 words
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Article137 1976-12-09 11 TOKYO, Wed. A 20member official economic co-operation mission left for Seoul today for a tenday study of South Korea's fourth fire-year economic development plan (1077-31), the Japanese Foreign Ministry said. The mission, comprising nine government officials, ten business leaders and a university professor, will137 words
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Page 11 Advertisements
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Advertisement501 1976-12-09 11 NOTICES m T.N.T. INTERNATIONAL AIRFRIEGHT SYSTEMS, a division of the Australian based T.N.T. Group of Companies, is pleased to announce its most recent Joint venture with POWER AIR CARGO CO. LTD. TAIWAN. The n.ew Company which will be known as T.N.T. POWER AIR CARGO CO. LTD. adds a vital link501 words
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Advertisement369 1976-12-09 11 ARE YOU MAN ENOUGH TO BUY herworid? A leading multi-national Trading Organisation in Singapore is looking for a capable Singapore Citizen to head its Service Company. The responsibilities and requirements for the job are:— RESPONSIBILITIES The successful candidate shall report to the Assistant General Manager and shall be held accountable369 words
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Advertisement71 1976-12-09 11 APPOINTMENTS fk JrameikottsteJib invite applications from suitably qualified personnel for the post of ACCOUNTANT Applicants should possess professional qualifications recognised by the Singapore Society of Accountants and a minimum of 1 year working experience. Please submit full details of your qualifications and experience, age, citizenship, present and expected salary, contact71 words
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334 1976-12-09 12 TRADE Enterprise*, a local marine services company, Is setting up a 15 million shipyard at Belawan in Sumatra. The yard will be capable of building barges and repairing vessels of up to 2,000 dwt In slse. Its Indonesian associate for the334 words
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Article204 1976-12-09 12 THE value of annual sales by General Motors regional puts distribution centre In Jurong will Jump by 25 per cent to $50 million with the centralisation of its Detroit Diesel Allison (DDA) operations in Singapore. This major expansion of Its distribution network here will Include the204 words
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114 1976-12-09 12 INDIA has been Investing substantially in Peninsular Malaysia, according to an article in the economic bulletin of the Singapore Indian Chamber of Commerce, and to date there are 20 Indo-Malayslan Joint ventures with another nine in various stages of Implementation. Of the 20, nine are114 words
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Article58 1976-12-09 12 A WIDE range of precision measuring tools will be displayed at the Mltutoyo Exhibition, organised Jointly by Mltutoyo Manufacturing and Region Suppliers. The six-day exhibition beginning on Dec 14 will be staged at the Regional English Language Centre. It will be officially opened by Mr. Donald L.P.58 words
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Article799 1976-12-09 12 LONDON, Wed. The stock market closed firmer after earlier small falls were erased on lack of selling Interest. Some dealers ascribed rises to an optimistic economic survey from a stock broking firm, while others thought that the Interim figures from GEC affected sentiment. At 3 p.m., the Financial799 words
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Article211 1976-12-09 12 MAJOR shiprepair yards here may less substantial business supertanker repairs if West Asian yards, which will be operational Into next year, become sufficiently sophisticated. Among the giant drydocks under construction new in West Asia are the Arab Ship Repair Yard (Asrv), Dubai Dry211 words
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196 1976-12-09 12 THE Industrial Training Board expects that at least 25 per cent of all apprentices In Its programmes will be national service reservists In future. There is an Increasing number of such reservists and the Ministry of Defence has indicated that they should be196 words
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Article62 1976-12-09 12 THE first Taiwanese bank, First Commercial Bank (FCB), to open a restricted banking branch in Singapore sometime early next year is recruiting banking staff from an office in UIC Building. Although the MAS has not Issued any banking licence to FCB, It is understood that the62 words
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Article77 1976-12-09 12 BY October this year, about 25 Joint ventures had resulted from the efforts of the Economic Development Board's Bureau for Joint Ventures. Set up early last year, the Bureau aims at bringing together potential partners in industrial joint ventures. Potential parties are "matched" by them, or introduced to77 words
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Article49 1976-12-09 12 LEVETUS Export yesterday filed, a $112,820 suit against Wong Radio for money allegedly due under two bills of exchange. Other suits were filed by Singapore Oxygen Air LlSiulde against Seaservlces or <105,781, and by United Malayan Banking Corporation against Amco Pte Ltd. and three others for $38,070.49 words
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594 1976-12-09 12 CASE FOR SINGAPORE GOLD FUTURES MART PARTIES to current tripartite talks on setting up a Singapore gold futures market will be keeping a keen eye on the outcome of the latest gold auction by the IMF. The fifth such auction was held594 words
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Article312 1976-12-09 12 Reuter TOKYO, Wed. Japanese Prime Minister Takeo Mikl is expected to announce his resignation in a few days, Chief Cabinet Secretary Ichltaro Ide said today. Speaking to Japanese reporters, Mr. Ide said the 60-year-old Premier was studying proposals calling for reforms in the ruling LiberalReuter - 312 words
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505 1976-12-09 12 KUALA LUMPUR, Wed. The two-day Business International roundtable should have given multinational corporations a clearer and more positive picture of the investment climate In Malaysia. Expressing this view, the regional general manager (or Asia and the Pacific of Business International, Mr. William505 words
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159 1976-12-09 12 IPOH, Wed. Four companies, two of them owned by Bumlputras, signed an agreement today to mine tin ore on a 115 hectare site in Trong in the Matang District. In what Is considered a breakthrough In Bumlputra participation in mining, the two companies MaJutlmah159 words
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Article75 1976-12-09 12 JAKARTA, Wed. Saudi Arabia has provided US$l2O million (***** million) In financial aid for two projects In Indonesia, Antara News Agency reported. The agency quoted State Secretariat Minister Sudarmono as telling newsmen yesterday that about $70 million would go Into the construction of a fourth fertiliser75 words
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Article221 1976-12-09 12 UPI TOKYO, Wed. Jap——e prosecutors searched the home of business tycoon Keaji Ossao today la connection with their inveeafttioa into the US$l2 llion (8525.4 million) Lirthni payoff scandal. They alee oearchsd four other places, including the head office of Kokusai Kogya, a wMwi trans-portatioß-real estate firm ownedUPI - 221 words
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209 1976-12-09 12 AP BRUSSELS, Wed. The United States will Increase Its defence spending by more than US$B.l billion (8119.8 billion) this year while 11 of Its European allies will Increase theirs by less than one-tenth of that amount, according to figures In aAP - 209 words
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242 1976-12-09 12 Reuter BANGKOK, Wed. A Thai Minister said today he had received reports that Vietnam was planning to Invade Thailand In two months' time. "They are looking for a chance to Invade us on Dday, Feb IS," Interior Minister Samak Sundaravej told a press conference.Reuter - 242 words
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Article86 1976-12-09 12 Reuter TOKYO, Wed. The Bank of Japan said Its short-term economic survey showed the tempo of recovery In Industrial production in Japan Is slowing down. A total of 505 leading manufacturing companies covered by the survey reported their production Increased 2.2 per cent during theReuter - 86 words
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Article85 1976-12-09 12 Reuter HONGKONG, Wed. Acting Financial Secretary David Jeaffreson said the Government had no evidence of the substantial under-utlllsatlon of export capacity which might be expected If the Hongkong dollar was overhauled. Answering questions In the Legislative Council, Mr. Jeaffreson said the volume of exports wasReuter - 85 words
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Article80 1976-12-09 12 Reuter FRANKFURT, Wed. German steel Industry employers and IO Metal Union negotiators early this morning agreed on a six per cent pay rise for 230,000 Iron and steel workers In north Rhine Westphalia and Bremen, backdated to Nor 1, an IO Metall spokesman said. Under theReuter - 80 words
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144 1976-12-09 12 AP TOKYO, Wed. Asean wants Japanese co-opera-tion to help Improve Its relations with Indochina nations, Asean secretarygeneral Rekso Dharsono said today. Mr. Dharsono made the statement during a meeting with Foreign Minister Zentaro Kosaka. Mr. Dharsono Is in Tokyo for a twoweek visit to discussAP - 144 words
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Article107 1976-12-09 12 AP NICOSIA, Wed Ministers from the Organisation of Petroleum Exporting Countries (Opec) will go ahead as planned with a Dec IS meeting to set new prices for crude oil, the Qatar Minister of Petroleum announced today. Qatar will host the 13natlon conference, at whichAP - 107 words
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399 1976-12-09 12 Reuter LONDON, Wed. Britain will be anxiously watching a ballot starting today in which coalminers will deckle whether to give their national executive the power to take Industrial action In support of a claim for earlier retirement. To pessimists, It could meanReuter - 399 words
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184 1976-12-09 12 Reuter CANBERRA, Wed. The Australian Government has given Mary Kathleen Uranium Ltd the go-ahead to begin exporting uranium, Employment and Industrial Relations Minister Tony Btreet said. The approval followed the Australian council of trade unions executive's agreement not to oppose uranium mining required toReuter - 184 words
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