The Business Times, 11 December 1976

Microfilm: NL8962
Total Pages: 12
1 12 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 1455/76 SATURDAY, DECEMBER 11, 1976 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon Manila protests to EEC
      58 1 AP. MANILA, Fri. The Philippines has reportedly expressed strong opposition to a French proposal to curb imports of Philippine garments, the official newspaper Philippine Dally Express said today. The newspaper said the Philippine position was relayed by the government to authorities of the European Economic Community
      AP.  -  58 words
    • Article
      Lock icon Satellite leasing
      44 1 Reuter JAKARTA, Frl. Indonesia is holding talks with Malaysia and the Philippines on leasing its communications satellite, according to Communications Minister Emil Salim. Malaysia and the Philippines were expected to start leasing the satellite early next year, Mr. Salim said yesterday. Reuter.
      Reuter  -  44 words
    • Article
      Thanin for Manila
      51 1 MANILA, Fri. Thai Prime Minister Thanin Kraivichien will visit Manila on Dec 21 and 22 as; part of his tour of Asean nations, Government sources said today. Mr. Thanin who arrived in Jakarta today for two days of talks with Indonesian leaders has already visited Malaysia and
      51 words
    • Article
      Lock icon 'Soviet hand in Fiat deal'
      60 1 Reuter ROME, Fri Italian newspapers reported today that the Soviet Union was Involved In a controversial deal which gave Libya a nine per cent holding in the giant Flat car company. The reports followed a surprise visit to Moscow yesterday by Fiat chairman Giovanni Agnelli,
      Reuter  -  60 words
    • Article
      Lock icon Morgan cuts prime rate
      63 1 UPI NEW YORK, Fri. Morgan Guaranty Trust yesterday announced an immediate reduction in its prime lending rate to six per cent, the lowest established prime rate by a major bank in nearly four years. Minutes later, Citibank of New York, often a trendsetter for the prime,
      UPI  -  63 words
    • Article
      Lock icon Angola invasion plan
      64 1 AP LUSAKA, (Zambia), Fri South Africa plans to move into Angola next month with a force of more than 50,000 well-armed men. the United Nations commissioner for south- west Africa said today. "We have information that these plans are being hatched in Pretoria...and should mature sometime next
      AP  -  64 words
    • Article
      Lock icon EEC team for Japan?
      82 1 Reuter TOKYO, Fri. The European Economic Community is considering sending a survey mission to Japan shortly to seek more opportunities to bring EEC products into Japan, Japanese Foreign Ministry officials said. They said the EEC commission had told the Japanese delegation to the EEC In Brussels
      Reuter  -  82 words
    • Article
      Lock icon Dow Jones
      56 1 UPI NEW YORK, Frl. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 indus 973.57, up 2.83; 20 transp 230.79, down 0.31; 15 utils. 105.76, up 0.19; 65 stocks 316.16, up 0.52, meanwhile in London, the F.T. index rose
      UPI  -  56 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      174 1 SHARES closed mixed in the Stock Exchange of Singapore yesterday. They opened marginally higher but drifted lower thereafter with selling mainly on stop-loss account. At the close, the Straits Times Industrial index inched 0.28 point up 247.09 while the Business Times index rose 0.37 point to 249.%.
      174 words
    • Article
      In Kuala Lumpur
      111 1 Rises Most active Sovr&D SO 80 .08 Haw Par 128.000 Sf. Besi $1 58 08 Simp Darbv 108,000 Con. Plant. $3.38 .08 London Asiatic 68.000 D.B.S. $3.86 .06 U.O.B. 61,000 S'pore Land $1 65 .05 Total Turnover: 1.00 M Pataling $2.55 .05 Total Value: M$2.19 M Int.
      111 words
  • Article
    Lock icon Tin floor and ceiling prices higher
    1027 1 ITC 'YES' TO IMMEDIATE HIKE Reuter AFTER four days of strenuous negotiation in London, the International Tin Council (ITC) has finally accepted the arguments of the major producers and agreed to revise the floor and ceiling prices for tin. The original price range was
    Reuter  -  1,027 words
  • Article, Illustration
    OCBC chief applauds Sime resolution
    1337 1 MR. TAN Chin Tuan, the chairman of the OverseaChinese Banking Corporation group issued a statement yesterday declaring his pleasure at the resolution of the Slme Darby Holdings dispute. He also announced his Intention to use his Influence to support the resolutions at the forthcoming extraordinary
    1,337 words
  • Article
    52 PROJECTS LINED UP FOR STORE
    160 1 THE International Executive Service Corps, a non-profit making American ii(ißi»>llon. is nstortud to kan plans to speMl 51.7 million ever the neat two years to My boost Singapore's development. T\e lEBC is understood to have on hand 52 proposed projects deelgnsd to improve efficiency
    160 words
  • Article, Illustration
    I accept post in humility says Tun Tan
    746 1 QUESTIONS AND ANSWERS TUN Tan Slew Sin, new Slme Darby chairman, speaks to Business Times. Q. What sort of role do you envisage for yourself as chairman of Slme Darby? A. I have accepted this appointment In all humility and I only
    746 words
  • Article
    Rules on rallies
    194 1 RULES governing the conduct of election rallies and meetings were sent out to election candidates yesterday by the police to remind them to comply with the regulations under the Minor Offences (Assemblies Parliamentary Election Meetings) Rules, 1976. The announcement reminded candidates that applications for election rally permits
    194 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      50 1 CeytortJetveUers It Stamfortf Ad., Hngwon 6. Tal: 3330<W32K*7. INSIDE Market reviews TV Radio P2 Overseas news Features F3 Local Co news P4 International Co news P5 Local stock PC Overseas stocks P7 Commodities P8 Transport Jk Communications P9 Features PlO Local Overseas news Pi 1 Local Overseas news Pl 2
      50 words
    • Advertisement
      Page 1 Advertisements Column 2
      93 1 Braun Synchron Plus Braun's Synchron Plus. For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern of cutting holes and slots. Platinum-coated to give you a smoother
      93 words
    • Advertisement
      Page 1 Advertisements Column 3
      3 1 SEE BACK PAGE
      3 words
    • Advertisement
      Page 1 Advertisements Column 4
      129 1 THE PERFECT WVESTMENT [Mi w® i n 7m m p I 0 IN M P ri run Kr TW() BRITISH-MADI POKC I I AIN ASHTRAYS WITH IVIRV BOTTLK PI IRC HASHI)' IvITTY SARK °Hh s K W H I 4 1 .3® K'i witn every Dorae of Cutty Saik you
      129 words
Page thumbnail Page 2
  • OVERSEAS
    • Article
      SINGAPORE
      653 2 AIDED by the better sentiment abroad, the Singapore stock market posted gains across a wide front this week. Though the turnover was considerably increased, it was still largely accounted for by the glamour stocks which made up more ground than others. Out of the five trading days, four were
      653 words
    • Article
      Lock icon SYDNEY
      439 2 Reuter THE Sydney stock market, basking in the euphoria generated by the massive 17.5 per cent devaluation of the Australian dollar, received a minor setback this week. The setback came In the wake of an unexpected two per cent revaluation of the dollar, that effectively reduced the 17.5 per
      Reuter  -  439 words
    • Article
      AN END TO THE SUSPENSE
      1230 2  -  LONDON By IVAN FALLON AT LAST we have a positive date for the end of the suspense: Mr. Healey will unveil his much awaited, hard fought and probably meaningless mini-budget on Wednesday. At a final marathon session on Thursday the Chancellor finally got the Cabinet's
      1,230 words
    • Article
      KUALA LUMPUR
      478 2 TRADING at the Kuala Lumpur Stock Exchange picked up in the early part of this week, only to soften In the last two days following news that the Organisation of Petroleum Exporting Countries had decided to hold Its ministerial meeting on Dec 15 as planned. This was interpreted
      478 words
    • Article
      Company news for the week ended Dec 10
      593 2  -  CftMpilMl by RONALD LAM OTHER ANNOUNCEMENTS Allied Chocolate Industries has acquired a 25 per cent stake In a newly Hongkong Incorporated company, General Consolidated, which has an initial Issued capital of 500,000 Hongkong 10 cents shares. Bousteadco Singapore: With retrospective effect from
      593 words
    • Article
      Lock icon Shell confirms Thai award to Billiton
      301 2 Reuter LONDON, Frl. Royal Dutch Shell group confirmed here that a basis of agreement has been reached between the Thai Cabinet and a Shell group unit, BUllton (Thailand), for the Cabinet to award Billiton and offshore tin mining concession, A spokesman for Shell was
      Reuter  -  301 words
    • Article
      Lock icon Soviets to ship KL rubber to Europe
      185 2 Reuter KUALA LUMPUR, Fri. Malaysia's rubber freight committee and a Soviet shipping delegation have agreed on shipment of Malaysian rubber to Europe by Soviet vessels, it was announced here. Mr. Abu Bakar Pawanchee, chairman of the Freight Committee of the Rubber Industry of
      Reuter  -  185 words
    • Article
      Lock icon $1.6b alumina plant for W. Australia
      222 2 Reuter PERTH, Fri. A As6so million (8$ 1.66 billion) alumina refinery is to be built in Western Australia, the Western Australian Government announced. Principals are Alcoa of Australia and the Reynolds Metals Co of the US. The refinery will have an initial capacity of
      Reuter  -  222 words
    • Article
      Lock icon Iran moving away from dependence on oil: Ansary
      507 3 AP TEHRAN, Frl. Iran Is moving quickly away from economic dependence on oil and within 12 years will equal the industrial production of a developed Western European country. Minister of Economic Affairs and Finance Hushan Ansary says. Mr. Ansary, a driving force
      AP  -  507 words
    • Article
      Lock icon 'Top 10 in US to make more profits'
      371 3 UPI NEW YORK, Fri. The United States' 10 leading Industries should show a rise In profits, production and activity in 1977 with the economy growing at a slower pace than in 1976, Standard and Poors Corp. predicted yesterday. The 1977 S and
      UPI  -  371 words
    • Article
      Lock icon Countries that are nearly bankrupt
      190 3 Reuter NEW YORK, Frl. Many nations are on the brink of bankruptcy because they failed to pull out of the slump brought on by the 1973 rise in oil prices, Business Week magazine reported yesterday. It was surveying the effects of oil price increases before
      Reuter  -  190 words
    • Article
      Lock icon Japan-British group to boost trade
      304 3 Reuter LONDON, Frl. Japanese and British businessmen have agreed to set up a joint working group aimed at tackling problems in expanding British exports to Japan. The agreement came at a one-day meeting, attended by British manufacturers and exporters and London-based representatives of Japanese trading
      Reuter  -  304 words
    • Article
      Lock icon $159m surplus
      48 3 Reuter TAIPEH, Frl Taiwan had a trade surplus of US$66 million (Ssls9 million) In November, bringing the surplus for the first 11 months of this year to U*****.2 compared with a deficit of U*****.6 million In the whole of 1975, the Central News Agency reported. Reuter.
      Reuter  -  48 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      442 2 Ybu have only one face -make the best of it Advice from Business Times. If your corporate face isn 't as good as it could be Business Times can help change it for the better. Few people place their trust in a total stranger. This has to be one of
      442 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      317 2 ~\["[>[`^$%>:$?|/*'[?<[%,!<>^@= SINGAPORE 5 1.05 P.M. Opening Announcements followed by Sesame Street 2.00 Saturday Matinee "Pimpernel Smith" Starring: Leslie Howard, Mary Morris, Francis Sullivan 4.00 Telematch 4.40 Sandiwara A Malay drama entitled "Bukan Titian Untuk Meniti" (r) 5.25 Joe Forrester "The Best Laid Schemes" 6.15 Fokas (Malay) 630 News in Brief
      317 words
Page thumbnail Page 3
  • Article
    An open letter to Professor Friedman
    1833 3  -  ■y SAM BRITTAN of the Financial Time* "OPEN LETTERS" are a form of Journalism I usually avoid. But It happens to be the most convenient way I can express certain misgivings about some of your recent warning about the United Kingdom. My main worry,
    1,833 words
  • Article
    Lock icon UK firms sign $400 mil contract with Russia
    237 3 AP LONDON, Fri. A consortium of three companies led by Rolls-Royce has signed a £100 million (SS4OO million) contract with the Soviet Union, one of the largest contracts in the history of Anglo-Soviet trade. The British corporation will provide 42 Avon jet
    AP  -  237 words
  • Article
    Lock icon MINERS' DECISION EXPECTED NEXT WEDNESDAY
    239 3 Reuter LONDON, Fri. The result of the National Union of Mineworkers' ballot on early retirement is expected next Wednesday, a union spokesman said. NUM leaders at a national executive meeting here decided to discuss the outcome of the ballot on Dec 21. The executive is
    Reuter  -  239 words
  • Article
    Lock icon Profits fall
    77 3 Reuter WASHINGTON, Frl The Federal Trade Commission said after-tax profits of U8 manufacturers fell to 5.3 cents per dollar of sales In the third quarter, from 5.9 cents in the second quarter, but were ahead of the 1975 third-quarter 4.9 cents. The annual rate of return on stockholders'
    Reuter  -  77 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      475 3 V V ■M V > m t 9, m t I Ijk> »tlk W SW'iwmiii ii irr 1 >v. >1* I V. K 1 f I The Straits Times Annual Stops and Stares Where Others Hurry 8y... Where else but In the Straits Times Annual can you see all at
      475 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article
      M. Containers up 25pc at midway
      345 4 MALAYSIAN Containers has increased its profits by 24.7 per cent to M 51.357 million before tax but after minorities in the six months to Sept 30, 1976. Sales, however, are described as having been only "marginally ahead" of the depressed period a year earlier
      345 words
    • Article
      Troubled Tongkah suffers 75pc drop
      431 4 A SHARP drop In production coupled with higher operating costs resulted in a 75 per cent decline in pretax profit to M 5769.209 at Tongkah Harbour Tin Dredging for the year ended June 30, 1976. Total production of tin concentrates for the year was 6,684
      431 words
    • Article
      Kuala Sidim offer
      102 4 KUALA Sidim Rubber has declared unconditonal Its offer for the whole of the issued capital of Bekoh Holdings. Announcing this, Kuala Sidim's Investment adviser, Chartered Merchant Bankers Malaysia, said the offer of 1.27 KSR shares for every Bekoh share has been accepted by holders of 864,730 shares.
      102 words
    • Article
      Good times continue
      365 4 SINGAPORE GLASS THE better trading conditions seen by Singapore Glass (1974) during the second-half of 1975/70 continued satisfactorily Into the first six months of the current year. For the latest six months ended Oct 3 this year, the company managed to achieve an unaudited group pre-tax profit
      365 words
    • COMPANY MEETINGS
    • Article
      Hotel Summit sale faces another snag
      396 4 THE proposed sale of Hotel Summit to Goodwood Park Hotel uncompleted after eight months of negotiations Is now Jeopardised by disagreement between the vendors and the hotel chain over a ramp. This was disclosed by Goodwood Park Hotel in a letter to the Stock
      396 words
    • Article
      Petaling Tin turns in record earnings
      315 4 CONTINUING strongly on its growth path, Petaling Tin has turned In a record pre-tax profit for the year ended Oct 31, 1976. Unaudited pre-tax profit rose by 144.6 per cent to M 57.53 million on the back of increased sales. This compares favour- ably
      315 words
    • Article
      DIVIDENDS ANNOUNCED
      421 4 Current payasaat Ex Data Date payable Total far lb* year Total for previoua year Riverriew 7% Nov. 23 Dec. 10 13%a 8.75%a M. Bankin« 11.5% Nov. 18 Dec 11 17.5% 17.5% Mim. Sac. 7.5* No*. 23 Dec. 13 12.5% 17.5% Kmhju 7.5% Not. 12 Dec. 15 7.5% NIL
      421 words
    • Article
      PEOPLE IN BUSINESS
      88 4 DR. Yahya bin lamail has been appointed a director of Kllinghall Tin and Hongkong Tin with effect from Nov 30. He replaces the late Raja Tun Uda Al-Haj bin Raja Muhammed. Mr. Oh Choon Woo has been appointed director of Singapore Finance. Mr. John Corbett, the area
      88 words
    • Article
      Cold Storage Holdings
      65 4 NON-consolidated pre-tax profit, consisting primarily of investment income, of Cold Storage Holdings was $6.43 million for the first six months ended July 31, 1976. Tax was $2.55 million, leaving $3.88 million. Releasing the parent company interim results in response to a Stock Exchange of Singapore request, Cold
      65 words
    • Article
      ACI
      42 4 THE Stock Exchange of Singapore has asked Allied Chocolate Industries the consideration paid for its acquisition of the 25 per cent stake in a General Consolidated of Hongkong. However, It Is understood that ACI acquired its OC stake for HK512.500 cash.
      42 words
    • Article
      Lock icon Cash surplus for NYC forecast
      346 4 Reuter NEW YORK, Frl. New York city comptroller Harrison Ooldln said the city presently expects a US$324 million, and possibly better, cash surplus in the fiscal year ending June 30. Deputy comptroller Steven Clifford said the city will probably need $145 million of this surplus,
      Reuter  -  346 words
    • Article
      Lock icon Alaskan oil: SOHIO wants fast decision
      257 4 AP WASHINGTON, Frl. The US government must decide soon on a Standard Oil of Ohio's proposal to pipe Alaskan oil from California to Texas, or the project will face long, costly delays, SOHIO's chief executive said. Mr Charles E. Spahr, SOHIO's board chairman, said
      AP  -  257 words
    • Article
      Lock icon Volvo (US) postpones production
      88 4 Reuter ROCKLEIGH, Frl. Volvo Is postponing Indefinitely the start of Volvo car production at Its nearlycompleted assembly plant In Chesapeake, Va., but will use the new facility as an Import centre for Volvos shipped from other factories, Volvo of America said. Volvo said the decision to
      Reuter  -  88 words
    • Article
      Lock icon SPPA to make compulsory acquisition
      89 4 Reuter SYDNEY, Frl. Southern Pacific Properties (Australia) (SPPA) said it will compulsorlly acquire the remaining Travelodge Australia shares for which It had not received acceptances by Dec 1. SPPA, a Southern Pacific Properties unit, said it was entitled to 90.41 per cent of Travelodge's 19.51
      Reuter  -  89 words
    • Article
      Comex
      80 4 NEW YORK, Frl. Commodity Exchange Inc (Comex) said it will be closed all day on Dec 31, following a decision by the Board of Governors. The exchange previously had Intended operating a half-day on New Year's eve. (Comex also will be closed on Dec 24). The revised schedule of
      80 words
    • Article
      Timah Langat offer oversubscribed
      234 4 TIMAH Langat's MM.2 million share offer four weeks ago has been overscribed, the Selangor Mentrl Besar, Dato Hormat Rafel, announced yesterday. The share offer of $1 each and made by way of a private placement was oversubscribed by $672,000. Tlmah Langat Is a bumlputra owned mining
      234 words
    • Article
      CHICAGO BOARD OPTIONS
      1075 4 On December 9 PRICES were mostly higher on the Chicago Board Options Exchange on Thursday. Advances led declines 327 to 162. Volume approximated 118,225 contracts, up from 79,469 on Wednesday. OPTION JAN APL JI Y STOCK Alcoa 45 9 7/8 NOL NOL 54 7/8 Alcoa SO 51/8
      1,075 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      436 4 f Get off the bandwagon! SINGAPORE TRADE AND INDUSTRY puts its finger on survival techniques for the Singapore businessman in its November issue don't follow the crowd, diversify, and fast! The Republic's leading monthly economic review examines practical applications of this principle with its in-depth coverage this month of the
      436 words
Page thumbnail Page 5
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Ansett gets 45 pc of ASL
      180 5 Reuter MELBOURNE, Frl. Ansett Transport Industries Ltd said It has acquired 45 per cent of Associated Securities Ltd through purchase of the 30 per cent previously held by the Bank of Scotland and on the stock market. In a Joint announcement with ASL, Ansett
      Reuter  -  180 words
    • Article
      Lock icon Korean loan agreement
      127 5 UPI SEOUL, Frl. The staterun Korea Exchange Bank, representing six other local banks, has signed a US$lOO million loan agreement with a group of 32 lnternationai banks including City and Chase Manhattan Bank of the United States. The agreement, described by financial experts as "one of the
      UPI  -  127 words
    • Article
      NK loan
      29 5 GENEVA, Frl. Norges Kommunalbank's 60 million franc, 15-year, 5Vi per cent loan was oversubscribed at the issue price of 99Vi per cent, Banque Gutzwlller, Kurz, Bungener said.
      29 words
    • Article
      Earnings drop at Lyons
      364 5 LONDON, Frl. Higher Interest charges are adversely affecting the results of J. Lyons In the current year. And for the 24 weeks ended Sept 10, 1976, pre-tax profit fell 21.3 per cent to £4.65 million from £5.91 million despite a 12.9 per cent rise in operating
      364 words
    • Article
      Jardines
      73 5 HONGKONG, Frl. Jardine and Matheson said shareholders who elected to receive its 1976 Interim dividend of 18 HK cents In scrip will receive 21 new shares per 2,000 held plus the cash proceeds of the sale of 0.6 per cent of one share. The formula is based on the
      73 words
    • Article
      Lock icon Mt. Charlotte gold mine stays open
      234 5 Reuter MELBOURNE, Frl. The Kalgoorlle Mining Associates (KMA) unanimously agreed to continue gold mining at the Mt. Charlotte operation, Western Australia, Kalgoorlle Lake View said in a statement. The mine was due to shut today as operations had become uneconomic owing to the low
      Reuter  -  234 words
    • Article
      Linde does better than expected
      186 5 FRANKFURT. Frl. Llnde appears to be doing far better this year than it expected. The Wiesbadenbased engineering, construction and cold store group, which started the year In a pessimistic mood, has reported a marked Increase In both sales and orders. Group turnover In the first
      186 words
    • Article
      GUS profit rises
      105 5 LONDON, Frl. Pre-tax profit at Great Universal Stores rose to £46.08 million from £40.94 million for the first half-year ended Sept. 30, 1976. The 12.6 per cent profit increase came on the back of an 18 per cent rise in sales to £488.24 million from £413.71 million.
      105 words
    • Article
      Jutland
      35 5 ZURICH, Frl. Jutland Telephone of Denmark plans to float a 60 million franc, SV» per cent, 15-year Swiss loan from Dec 17 to 22, primary market sources said. Issue price will be set later.
      35 words
    • Article
      Lock icon More Eurobond issues are in the pipeline
      282 5 Reuter NEW YORK, Frl. Eurobonds Issued world-wide this year will probably rise sharply to about US$25 billion from about $19 billion last year, the Association of International Bond Dealers (AIBD) chairman, Mr. Stanlslav Yassukovlch, said. Pure Eurobond Issues, excluding foreign bonds syndicated in
      Reuter  -  282 words
    • Article
      Lock icon Banks cast Reksten US$100m lifeline
      420 5 FT OSLO, Fri. Loans of US$lOO million have been arranged by a syndicate of banks for the troubled Hilmar Reksten shipping group. The loans are being made under guarantee from the Norwegian Guarantee Institute for Ships and Drilling Vessels under the arrangements announced last June
      FT  -  420 words
    • Article
      Lock icon Confidence at Schering
      566 5 FT FRANKFURT, Frl. Schering, the West Berlinbased chemicals and pharmaceuticals concern, Is confidently predicting an Improvement in earnings this year. However, an interim report on the first nine months' performance Is still chary of estimating the probable size of the rise. The current year has been one
      FT  -  566 words
    • Article
      Lock icon Rapid-American may sell distillery unit
      744 5 NYT NEW YORK, Fri. This week, Rapid-American Corp won dismissal of an action by minority shareholders of Schenley Industries charging that Rapid-American Issued false and misleading proxy information In connection with Its 1971 acquisition of Schenley. Meanwhile, RapidAmerican Is proposing to sell the distillery to
      NYT  -  744 words
    • Article
      Lock icon Japanese banks buoyant
      895 5 FT TOKYO, Frt. Bank of Tokyo, the last to report in the recent round of Interim figures from the Japanese city banks, has announced a 47.8 per cent rise in the recurring profits compared with the preceding half year ending in March. This brines the average before
      FT  -  895 words
    • Article
      Lock icon Norwegian cooperation in electronics industry
      364 5 FT OSLO, Fri. Norway's three leading electronics companies have announced a co-operation agreement which may eventually be followed by a merger. They are the Tandberg radio and TV concern, Elektrlsk Bureau (EB), producers of telecommunication equipment, and Kongsberg Vapenfabrlkk (KV). the stateowned armaments, electronics and
      FT  -  364 words
    • Article
      Lock icon Sime London dividend
      129 5 Reuter LONDON, Frl. Slme Darby London said it will pay a special Interim dividend on its lOp convertible preference ordinary of 0.42p for the year ending June 30, 1977, payable on Dec 12, to shareholders on the register on Nov 22. Together with associated tax credit the
      Reuter  -  129 words
    • Article
      Lock icon Japan may take part in loan to EEC
      181 5 Reuter TOKYO, Fri. Seven Japanese banks are considering participating in a projected US$5OO million international loan to the EEC for re-lending to a member country or countries, local banking sources said. The seven banks including Bank of Tokyo, DalIchl Kangyo, Fuji, Sumitomo
      Reuter  -  181 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      422 5 CENTRAL SECURITIES (HOLDINGS) BERHAO (Incorporated in Malaysia) Notlc« of MMtlng NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of the members of Central Securities (Holdings) Berhod will be held at the Registered Office. Penthouse. 10th Floor. Wisma Central. Jalan Ampang, Kuala Lumpur on Wednesday. 29th December, 1976 at
      422 words
    • Advertisement
      Page 5 Advertisements Column 2
      197 5 IHRX. V r'' rf'' •Jfc' j MONTHLY ECONOMIC REPORTS With monthly political lupphmnt for UP-TO-DATE HANDY REFERENCE 1 r ASM RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments that have token place in all important sectors of the economies of countries in
      197 words
Page thumbnail Page 6
  • Article
    Share Information Service
    1952 6 SECTION ONE INDUSTRIALS 1971 High Low Compuy Ut Sale +orGr'« <Hv Div e'vr Gr'a y'H N«t P/E Val COW) Day High Low 175* 206 100 237 186 402 204 248 460 137 135* 172 60 185 66 254 149 172 394 39 Acma Alcorn Allied Choc Bata
    1,952 words
  • Article
    Transactions in Singapore
    1098 6 BID and offer prices officially listed and business 19 and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets tn lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board
    1,098 words
  • Article
    In Kuala Lumpur
    1159 6 BID and offer prices officially Hated and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets in lots of 1.000 units unless otherwise specified. INDUSTRI Ala A|inamata II MB I.BB*l Alaam (2.118 2.158) AIM. Maid (0
    1,159 words
  • Article
    Unit trusts
    130 6 SINGAPORE UNIT TRU8T INCOME BOND UNIT (Mana*er» price, far Dk 11) (Current prto.) Th#Commerce 1.IT l.W The Saving Fund O.M I.N INCOME BOND l.N 1.14 S'pore Prog Fund 0.78 O.M 8'pore Security Puml 1.29 1.31 MARA BUMIPLTRA FUND 8'por* Invert Fund ..1.01 107 (Manafen' price* for Dec 13)
    130 words
  • Article
    External currency bonds
    140 6 B O T 8 1/2% I*Bl (100,000) (102 SB 103HS) D B S 8 1/2% 1962 (100,000) (99*8 100*8) DBS Coaverts 6 1/2% 1991 (100.000) (96*8 97*8X2)97 E 1 B 9% 1982 (100.000) (102 *B 103 USM 1)102* E I B 8 1/4% 1983 (100.000) (99*8 99SS)
    140 words
  • Article
    Domestic govt bonds
    113 6 5 1/2% l/ 12/77 (1,000,000) (101.558 101.658) 5 1/2% 15/4/78 (1,000,000) (101.558 101.058) 1/4* 15/7/78 (1,000,000) (101.288 101.358 K 1)101.30 6 1/2% 15/8/78 (1,000.000) (103.308 103.408) 7% 1/7/7* (1,000,000) (104.508 104.008) 5 1/4% 15/10/79 (1,000,000) (100.708 100.858) C 3/4% 15/6/80 (1.000,000) (102.958 103.058) S 3/4% 1/12/80 (1,000,000)
    113 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      35 6 1 M m K:'> .v V>-< "Vs ~y; ?s. .<***• ;s l ■c* is c r? Tv m m ■i hP. <■ it! j*>|§}B|^ LB/% 5206 THE AUSTRALIAN A/RUNE See your Travel Agent or call Qantas *****4
      35 words
Page thumbnail Page 7
  • Article
    Mixed close by shares
    462 7 SHAREB moved wlthla narrow limits to finish oa a mixed tally at the Stock Exekaa|»«fBiaftp«n y—tor day. At the opening bell, soma •peculativo buying was noted with marginal galas attending. This turned oat to bo short-lived as selkrs wore drawn oat in numbers. Much of the
    462 words
  • Article
    Trading in KL cautious
    461 7 WITH sentiment still ruling cautious, prices tended fairly steady on the Kuala Lumpur Stock Exchange yesterday. Opening values were firm with prices moving steadily ahead, but the higher levels soon attracted light profittaking which pared gains. In the absence of followthrough support, the market softened further
    461 words
  • Article
    Bousteadco purchase
    142 7 THE Kuala Lumpur Stock Exchange has asked Boustead Holdings for further details on its acquisition of Bousteadco Singapore's 50 per cent stake In Outhrle Boustead Shipping Agencies for M 5900.000 cash. It wants to know how Boustead is going to fund the purchase as well as whether any
    142 words
  • WALL STREET AND OTHER OVERSEAS MARKETS
    • Article
      New York
      1223 7 NEW YORK: Stocks rallied in heavy trading on Thursday as volume hit its highest level since September. However, profit taking trimmed some of the gain. Second tier issues again led the war, but analysts said the markers recent resistance to selling pressure attracted Institutional activity today. "Its all
      1,223 words
    • Article
      Zurich
      261 7 ZURICH: Local shares moved slightly higher over a broad front in active trading on Thursday. Major banks posted small gains but among generally higher flnanclals bally registered and Oerlikon-Buehrle Bearer fell on proflttaklng after recent strength. Insurances firmed led by Balotse participation certificate. In chemicals Cit>a(ei(y gained In heavy
      261 words
    • Article
      Jo'burg
      355 7 JOHANNESBURG: Gold shares moved off the top In afternoon trade on Thursday following small proflttaklng, dealers said. Uaisei dropped back to 225 (223) after trading at 235 while Bracken shed 15 cents to 170 following annual statements. Financial minings remained steady at higher levels. Elsewhere, De Beers ruled one
      355 words
    • Article
      Frankfurt
      274 7 FRANKFURT: Most leading shares gained slightly on some Investment fund demand on Thursday, market sources said. The larger gains Included among steels Maaaesmaaa which firmed $1.50 and Thysasn 1.20, while In motors BMW gained 1.50 and Daimler two after Its announcement It expects higher 1976 profits. Engineerings and stores
      274 words
    • Article
      Toronto
      306 7 TORONTO: The Western oil Index climbed over 5-1/4 points and all other sectors recorded narrowly mixed share prices at the close of moderate trading on the Toronto market. Dome Pete Jumped 1-3/4 to 36. Aquitaine gained 1-1/4 at 16-1/4, Bow Valley was up 7/8 at 217/8, and Ranger Oil
      306 words
    • Article
      Brussels
      182 7 BRUSSELS: The market was sharply higher in active trading on Thursday, reacting to the firmness on Wall Street and the cut In most official Belgian Interest rates yesterday. Local rises Included Ci« Lambert, UCB, Claim*. Sidro, and electrical shares particularly. Falls Included FN, Mom He, Teaienderloo, Cockerill and Arbed
      182 words
    • Article
      Amsterdam
      297 7 AMSTERDAM: Shares again advanced over a broad front with Hoogoveas the sole marked loss against the trend In Dutch Internationals. Elsewhere gains Included banks, KLM, BoU, Bergoes and RSV. Hal and Deli were main Isolated losses. Insurances were mixed with Amfas edging lower and Amey ending unchanged, the latter
      297 words
    • Article
      Sydney
      444 7 SYDNEY: The market closed mixed on Friday with some buying interest reviving after early profit taking, dealers said. The Sydney All-Ordinaries rose 0.91 point to 437.45. BHP lost 10 cents at 87.42 after reaching $7.60. and CSR lost 12 cents to S3 65 after rising to 83.78. Waltont, Comalco.
      444 words
    • Article
      Tokyo
      540 7 TOKYO: The market closed lower on Friday on profit-ta-king on growing fears the exchange might tighten controls on morning trading, dealers said. The Dow Jones average lost 0.32 to close at 4,765.30 with volume 350 million shares. The New index closed at 363.37, down 0.40. Late profit taking more
      540 words
    • Article
      Milan
      148 7 MILAN: Stocks tended easier on Thursday as trading resumed after yesterday's holiday closure, bourse sources said. Fiat, Montedison and both Obvettis were among major industrials to gain against the trend, but both Pirellis fell and Snia Viscosa also weakened. In flnanclais, Mediobanca gained but Assieuraaioai General) and Generate ImmobiUare
      148 words
    • Article
      Manila
      171 7 MANILA: The market was generally slightly higher In more active trading on Friday on cheap buying following the recent decline In reaction to discouraging offshore oil reports, dealers said. Modest increases in metals prices also aided sentiment. Atlas Consolidated "B" Philes "A", PLOT, Philippine Overseas Oil. San Miguel "A",
      171 words
    • Article
      Hongkong
      405 7 HONGKONG: The market rose sharply in active trading on Friday with blue chips leading a general advance on local and overseas buying support, dealers said. They said the strength of Wall Street and of Hongkong stocks in London boosted sentiment which had been firm throughout the week. Among leading
      405 words
    • Article
      Indices
      86 7 FINANCIAL TIMES INDUSTRIALS Thursday 319.4 Wednesday 325.0 Week ago 300.9 TIN Thursday 119.19 Wednesday 116.99 Week ago 117.16 RUBBERS Thursday 491.96 Wednesday 493.90 Week ago 496 63 OILS Thursday 400.57 Wednesday 406.12 Week ago 387.96 DOW JONES AVERAGE INDUSTRIALS Thursday 970.74 Wednesday 963.26 Week ago 946.64 LONDON DOLLAR PREMIUM
      86 words
    • Article
      Lock icon Barclays Bank up
      108 7 Reuter LONDON, Frl. Barclays Bank International has reported a 17 per cent rise In pre-tax profit to £84.64 million from £72.36 million for the year ended Sept 30, 1976. Tax was £42,26 million (£32.43 million). Extraordinary debits net of tax and interest of outside shareholders were £1.26
      Reuter  -  108 words
    • Article
      Wing On
      73 7 HONGKONG, Frl- For the first half-year ended June 30, 1976, group net profit at Wing On Life (Holdings) rose to HKS3.B million from $7.5 million. The company Is paying an interim dividend of 3.5 cents (three cents). The dividend is payable on Dec 31 to shareholders on the
      73 words
    • Article
      S. Pacific Petroleum
      78 7 SYDNEY, Frl. Southern Pacific Petroleum said It made a private placement of 1.39 million fully paid nominal 50 Australian cent shares at 20 cents each to seven overseas shareholders. Proceeds of the issue will be used in part to finance drilling in Queensland and to meet the
      78 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      389 7 SHANGRI-LA'S CHRISTMAS We Look Forward To It As Much As You Do Our resolutions were made long before New Year. We've planned to give you the time of your life this festive season. Share Christmas with us. We promise you won't be disappointed. Christmas Eve The night before Christmas at
      389 words
Page thumbnail Page 8
  • COMMODITY REPORTS AND PRICES
    • Article
      Rubber market
      652 8 OPENING quotations in the Singapore rubber market yesterday were marked down in sympathy with lower overseas advices and E rices fell further on long quidation and buyers reserve, dealers said. January was traded at a low of 194.00 cents. Forwards and physicals were neglected. Turnover was minimal. The
      652 words
    • Article
      SSR and SMR
      110 8 DAILY SSR and SMR prices at noon yesterday: Jan Feb R.A.S. (Curr ent Mth) (Forward Mth) Buyer* Seller* Buyers (cent Sellers (centi per kg) s per kg) SSR 20 <1 —ton Pallet) 184 50 186.50N 185.50 187 50N SSR 50 (1 —ton Pallet) 182 00 184.00N 183.00
      110 words
    • Article
      Straits tin
      237 8 THE Straits tin price in Penang yesterday was up $3.75 to 11,234.12 V* per plcul on an official offering up 31 tonnes to 235 tonnes. In LONDON, yesterday, tin hardened by £30 per tonne for Cash and £15 for Three Months In the Standard contract. High grade rose
      237 words
    • Article
      Closing prices
      30 8 Rubber: Dec 10 Singapore: Jan. 194.25 eti (down 2.2$ cts.) Malaysia: Jan. 199.25 cts. (down 2.25 cts) Hn: $1,234.12'4 (up $3.75) Official offering: 235 tonnes (up 31 tonnes)
      30 words
    • Article
      Lead
      88 8 LONDON, Frl. Lead was £1.75 higher for Cash and £1 up for Three Months. The market was rather quiet but prices held steady with sellers generally not pressing despite easier copper. Three Months traded In a range £291.50 to £292.50 per tonne, and ring sales totalled 2,000 tonnes. Dealers
      88 words
    • Article
      Palm oil
      129 8 THE following Palm Oil prices w ere quoted In London on Thursday. The prices are elf Rotterdam and are quoted In US dollar per long ton unless otherwise stated Thiuwlay Prr». Malaysia 5% ffa bulk 465 sir Dec unch Jan unch 45* sir Feb/Mch unch 457 sir Sumatra
      129 words
    • Article
      Produce prices
      262 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk MO sellers, old drum MS sellers, new drum *90 sellers Copra: Mixed (loose) UK/Cont. *49 W buyers. Pepper: Muntok ASTA white f ob 100% NLW *301 v. sellers. Sarawak white f ob 98% NLW *290
      262 words
    • Article
      Gold
      377 8 AFTER opening at U*****.75 per ounce gold gradually drifted in quiet conditions to $136.75 at the close. Dealers saw this as a consolidation period following the IMF auction with the price receiving support at the end of the day. The kilo bar was also a quiet market with small
      377 words
    • Article
      Copper
      238 8 LONDON, Fri Copper eased by about £0 per tonne for cash wire bars and £0.50 for Three Months. Prices held generally steady In earlier dealings as sentiment was encouraged by expectations of only a modest increase In LME stocks this week, dealers said. But with fresh outside interest quiet,
      238 words
    • Article
      Zinc
      72 8 LONDON, Fri. Zinc lost £1 and £2 per tonne for Cash and Three Months respectively. Quiet, rather thin conditions persisted for zinc following a slackening of recent physical activity, dealers said. However, there was no pressure to sell and prices held steady, Three Months trading from £402 t0£403.50 per
      72 words
    • Article
      Silver
      79 8 LONDON, Frl. 811 ver closed steady on its fixing levels, with spot metal at 260.30/261.30 pence per ounce and Three Months at 270.80/271.80, dealers said. Trading was dull. In NEW YORK on Thursday, Comex sliver futures fell flat at the close when trade profit-taking nicked a mid-afternoon rally of
      79 words
    • Article
      Sugar
      96 8 LONDON, Frl. Terminal sugar closed the opening call with gains from Thursday of £0.05 per tonne and the steadied further. Both the London Dally Raws and Whites prices were unchanged at £116 and £147 per long tons respectively. In NEW YORK, on Friday, world sugar futures fl- nlshed Just
      96 words
    • Article
      Wheat
      77 8 CHICAGO, Thurs. Wheat futures closed 1% cent a bushel lower to cent higher after tradllng In only a two-cent range In thin dealings. Wednesday's advance lacked follow-through and prices eased on profittaking at the opening. Selling also was prompted by the reports of increased farmer selling and the higher
      77 words
    • Article
      Soybeans
      102 8 CHICAGO, Thurs. Soybean futures finished on the downside with losses of ltt to six cents a bushel after trading on either side of the previous close In a narrow range. After an easier opening on profit-taking which followed Wednesday's advance, professional and local buying turned prices upward but followthrough
      102 words
    • Article
      Rice
      211 8 BANGKOK, Fri. Indicative prices for rice quoted here yesterday were: White Rice: 100 per cent Ist class 290 100 per cent 2nd class 275 100 per cent 3rd class 270 5 per cent 258 10 per cent 237 15 per cent 234 20 per cent 231 25 per cent
      211 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        575 8 OVERNIGHT Interest rates in the Singapore domestic money market shot up by about two per cent yesterday despite flushed market conditions. Some dealers alleged that a certain lender bank was present in the market to absorb funds at the opening level of 2* per cent, and hitting desperate borrowers
        575 words
      • Article
        Asian $ rates
        154 8 Asian rates ASIAN currency deposit Interbank rate* u at close on Dec 10. US Dollar* (Spot) Offer Bid 7 days 4 11/16 4 9/16 1 mth 51/8 5 2 mths 5 4 7/8 3 mths 51/16 415/16 6 mths 51/4 51/6 mths 5 3/8 51/4 12 mths 59/16 57/16 8w.
        154 words
      • Article
        Discount market
        6 8 Source: National Discount Co.
        6 words
      • Article
        Euro $ rates
        103 8 Euro rates LONDON, Frl Quiet trading was reported in Eurodollar deposits at the outset. Period rates opened basically steady. The one month rate was about 1/4 point up reflecting the Friday end of period technicality. The rise in the US money supply was fully discounted, dealers said. Short dates were
        103 words
      • Article
        Treasury bills tender
        55 8 RESULTS of Treasury bills tender held on Dec. 10 for 01-day Treasury bills to be Issued from Dec 13 to 17. Offered: $30 million Applied for $89,100,000 Alloted: 130 million Accepted bids: $90.25 approximately 69 per cent; higher bids in full. Average rate of discount on allotment:
        55 words
      • Article
        London
        271 8 LONDON. Fri Sterling traded In a narrow range in early European currency trading, with most other currencies showing little change. The pound drifted to U551.6712/17 from $1.6705/15 overnight, with little fresh incentive to trade in the currency ahead of the weekend and next Wednesday's Government economic announcement, dealers said.
        271 words
      • Article
        New York
        162 8 NEW YORK. Thurs. The dollar closed weaker after another light, featureless trading session amid continuing softness in American short-term Interest rates, dealers said. Sterling closed US $1.6700/ 15. above the $1.6690/ 6700 overnight level but below the $1.6760/70 opening touched on news that Britain was going to repay
        162 words
      • Article
        Tokyo
        121 8 TOKYO, Frl. The US dollar for overnight delivery closed lower In fairly active trading at 295.05 yen, against 295.70 at the opening and 296.00 at Thursday's close. Dealers said the US rate declined under the pressure of increased dollar selling by foreign banks following an overnight rise In the
        121 words
      • Article
        Hongkong
        128 8 HONGKONG, Frl. Short term local money rates tightened still further, but fairly strong buying support helped the US dollar close fractionally higher at HK54.7540/70 from Thursday's $4.7535/50, dealers said. They said overnight money was being lent as high as 5% per cent, the highest since February 6, three days
        128 words
      • Article
        Minimum lending rates (in %)
        62 8 Minimum lending rates (in ACBC 6% Algemene Bank Bangkok Bank ..1% Bank of America 0*4 Bank of China .7% Bank of Tokyo .6*4 Bank Negara Indonesia 7'* Chartered Bank 6 J, Chase Manhattan 6*4 DBS 6'* First Chicago 6*. Citibank 6*. HSBC 7 Indosuez 8* Malayan Banking 6\ Mitsui Bank
        62 words
      • Article
        Zurich
        41 8 ZURICH exchanges quoted on Dec 9. US 2.4536-4542 UK 4.1065-1095 Can 2.3915-3930 W Germ 102.21-28 Neth 98.08-17 France 49.20-23 Belg 6.69-1/2 70 Denm 41.78-81 Norw 46.86-89 Swed 58.66-70 Italy 0.2836-2839 Austria 14.39-41 Port 7.76-79 Spain 3.59-59-3/4 Arg 0.85-1.15 Japan 0.82-3/4-83-1/4
        41 words
      • Article
        Australia/NZ
        50 8 AUSTRALIA/NZ exchanges quoted on Dec io. Australia: Sterling 0.6255/0.6180 US dollar 1.0412/1.0364 Ninety day air mail buying rates: Sterling 0.6567 US dollars 1.0655 Ninety day forward buying rates: Sterling 0.6447 US dollars 1.0437 New Zealand: Sterling 0.5463/0.5433 US dollar 0.9176/0.9076 Ninety day forward rate: Sterling 0.5883/ US dollar 0.9347
        50 words
      • Article
        Frankfurt
        31 8 FRANKFURT exchanges quoted on Dec 10. US 2.3957/72 Can 2.3390/3410 UK 3.992/4.007 Neth 95.88/96.03 Swltz 97.68/83 Italy 2.762/777 France 48.00/12 Norw 45.80/90 Belg con 6.544/559 Belg fin 6.550/560 Japan 0.8105/8115
        31 words
      • Article
        Eurobond prices
        292 8 LONDON. Fri Dollar Eurobonds firmed fractionally in relat.vely active conditions, dealers said. In general prunes firmed by up to a point through the list. Dealers attributed the firmer trend to lower US short term interest rates and a less than expected rise in the US money supply figures.
        292 words
    • Article
      Coffee
      241 8 LONDON, Frl. Robusta futures ended the opening call barely steady £3 (May £2,500 seller) to £6 up from Thursday's close with 284 lots traded. The terminal continued to meet modest buying interest again establishing new life of contract highs In all but three positions. Market sources said the basically
      241 words
    • Article
      STEEP DROP IN PRICES
      411 8 THE week has seen a somewhat steeper though slow decline of some 6-V* cents, and more in nearby, breaching the $2.00 level in Singapore Reports Holiday Cutler and Bath in it's weekly rubber review. The fall was precipitated at the outset by a shakeout of the
      411 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      470 8 THESE ARE THE BOOKS THAT HITLER BURNED V -©S is i ■>*■<, w *—< U* ttav J_. iX. w w u i J ft''rut tf 9f i INiUi'Ui It nrJll 7 THE GREAT BOOKS OF WESTERN CMLIZAnON These are the books that had to burn. For within the GREAT BOOKS
      470 words
Page thumbnail Page 9
  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Firm to sell US-Russian hybrid planes in the West
      791 9  - Firm to sell USRussian hybrid planes in the West By THOMAS LOVE NYT WOULD the United States public ever take to flying In a Soviet-designed airliner? Would citizens of other freeworld nations? Mr Dale Lewis, president of the Washington-based International Computer Exchange and its subsidiary, ICX Aviation, is convinced the
      NYT  -  791 words
    • Article
      Lock icon THE CB MANIA IS CREEPING UP ON EUROPE
      643 9 AP PARIS, Frl. France has an Illegal, but tolerated and flourishing, Citizen's Band (CB) radio network. Quashed by some governments, tolerated or fully permitted by others, the CB mania is creeping up on Europe. Unlike US CBers, European CBers tend to speak
      AP  -  643 words
    • Article, Illustration
      IN PORT
      286 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Golden Eastern (0600 after Yue On) 19 Jaladharma (0600 after Slutsk) 6/7 Nanshan (H3DV 0001) 40/41 Oriental Musinian (6ZXO after Ayuthla) 3/4 Palm Sea Horse (tanker 0900 subject gas free P/O) 14 Regent Ranger (ABXJ 1700 after Leda Maersk) 47 Tamuraeverett (2000 after
      286 words
    • Article
      PORT KLANG TO EARN $104m
      195 9 KUALA LUMPUR. Fri. Acting Communication* Minister Encik AH Sheriff told Parliament this week that Part Klang is aspected to earn M11M.5 million next year, which would he MSB.4 million mara than this year's earnings. Moving his ministry's MS74B.fi million aatimates for next year, ha said
      195 words
    • Article
      Lock icon Grumman sued for $275 mil in agents' fee dispute
      351 9 NYT WASHINGTON, Prl. Two subsidiaries of the Grumman Corp. have been sued for U*****.0 million (8*275 million) in a dispute over agents' fees in a US$l.3 billion fighter plane deal with the Government of Iran. The agents' fee controversy has been
      NYT  -  351 words
    • Article
      Lock icon How Concorde can avoid causing excessive noise
      450 9 UPI Reuter SAN DIEGO, (California.) Frl. The best way for the Concorde to avoid causing excessive noise over populated areas Is to operate on runways that don't aim large communities, and to reduce takeoff power until adequate altitude Is reached, an engineer who
      UPI; Reuter  -  450 words
    • Article
      Lock icon Port management contract for UK
      284 9 Financial Times LONDON, Frl. The leading role being played by British companies in sorting out Middle East port congestion had been consolidated by the award of amanagement contract, covering a major part of the port of Kuwait, to the Mersey Docks and Harbour Company and
      Financial Times  -  284 words
    • Article
      Lock icon Freight market
      196 9 AP LONDON, m. Ore chartering came to the fore yesterday as exceptional quiet prevailed on the London freight market. Several fixtures were concluded from a wide range of origins. South American ore featured In a 50,000-tonne end-Decem-ber movement from Orinoco to the U8 northern range by the Danlta
      AP  -  196 words
    • Article
      Lock icon $33 million deal
      60 9 UPI TOKYO, Frl. A group of three Japanese firms have won a 4 billion yen (8*33 million) order from the Bolivian National Railway Corp. for export of 16 electric locomotives, the companies said. The three firms sold 20 such trains to the Bolivian Railway in 1908. The
      UPI  -  60 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      553 9 ARRIVALS Bm ihi Loci Operator Number Tin* 1 Prom JAL CAL SIA OIA JL712 CZI814 SQ211 OA9SO 1000 1000 1010 1030 HLP HLP HLP HLP CPA THAI OIA SIA CX710 TG423 GA908 8Q201 1030 1035 1100 1200 HLP BKK MES HLP SIA OIA OIA MAS SQ240 OAM4
      553 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      481 9 Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. 5 This book is about the efforts of poor nations to J gain some control over their ovwi economies and the role of IMF m
      481 words
Page thumbnail Page 10
  • Article, Illustration
    Lock icon An insight into China' s economy...
    1000 10 By Drew Middleton, New York Times correip on dent, who recently returned from a visit to China WASHINGTON, Friday NYT CHINA'S expanding but still backward economy relies to a considerable degree on manpower In Industry and agriculture, on an Industrious but unsophisticated labour force
    NYT  -  1,000 words
  • Article
    THE ROLE OF MALAYSIA'S PRIVATELYMANAGED FUNDS
    1428 10  -  RESOURCES HAVE GROWN AT RATE CONSISTENT WITH ECONOMIC GROWTH RANK NEGARA From NOORJAHAN KARIM PROVIDENT, pension and insured funds contribute significantly to national savings something like $400 million a year, with total assets approaching $5,000 million, these funds have a major role as Investors
    1,428 words
  • Article
    Lock icon Showdown likely in Indira's party...
    739 10  -  By LESLIE MURPHY Reuter INDIA'S ruling Congress Party has demolished the opposition under the country's 18-month-old Internal emergency but made little progress towards ending Its own feuds. The current centre o{ Interest Is the north-eastern state of Ortssa, droughtstricken and with its government spilt down
    Reuter  -  739 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      410 10 He b the new {Md in q hewage. He needs the etKVdopaecfia for today, Britannicaff m The child of today is more involved. More aware. And must learn 50% more than a child 20 years ago. That's precisely why yesterday's reference works can't really satisfy his needs. He JttfSSS needs
      410 words
Page thumbnail Page 11
  • Article
    Minister: S'pore has many new problems to come
    345 11 MR Lee Khoon Choy yesterday said that Singapore will face many new problems in the future such as a possible Increase In oil prices, the impending economic recession and the security problem in Asean. However, he expressed confidence that with the usual
    345 words
  • Article
    Lock icon Tokyo may cut discount rate
    144 11 Reuter TOKYO. Frl Minister of International Trade and Industry Mr Toshlo Komoto said the Japanese Government would probably consider reducing the Bank of Japan's official discount rate as one of the measures to stimulate the national economy back Into full recovery. Mr Komoto added that
    Reuter  -  144 words
  • Article
    Lock icon Talks for a trade pact
    81 11 AP MANILA, Frl. The Philippines and Yugoslavia agreed to hold talks on Dec 11-13 for a trade agreement between the two countries. It was announced here today. Philippine Trade Secretary Troadio Qulazon and Yugoslavian Ambassador Miroslaw Krajacic made the announcement after a meeting with a
    AP  -  81 words
  • Article
    Lock icon Levesque: Industries I want to control
    208 11 Reuter NEW YORK, Fri. Quebec separatist leader Rene Levesque said in a Business Week interview that when his province becomes a separate nation It will not seek to gain control of all industries but would want home control for those dealing with culture, banking
    Reuter  -  208 words
  • Article
    Lock icon Good relations and non-meddling
    459 11 THANIN: ALL WE ASK OF INDOCHINA Reuter BANGKOK, Frl. Prime Minister Thanln Kralvlchien said today Thailand wanted good relations with the communist-run states of Indochina, and continuing peace In South-east Asia. "We only ask that they should not Interfere In our internal affairs," Mr Thanln told
    Reuter  -  459 words
  • Article
    Lock icon North-South barter to wait for Carter
    451 11 UPI PARIS, Frl. Rich and developing nations, deadlocked In their effort to chart a new world economic order, have at last agreed to postpone their decisive ministerial meeting from Dec 15 until early next year to allow US Presidentelect Jimmy Carter to spell out
    UPI  -  451 words
  • Article
    Lock icon Act to end steel pact, Ford urged
    310 11 UPI WASHINGTON, Frl. The steel Industry yesterday urged President Ford to intercede In seeking an end to the steel trade agreement between the European Common Market countries and Japan. A number of steel Industry executives testified at a public hearing of the office
    UPI  -  310 words
  • Article
    Lock icon FINAL OK FOR ITALY WAGE CURBS
    134 11 AP ROME, Frl. The Italian Parliament has given its final approval to a government decree curbing some wage increases pegged to the cost of living index. The chamber of deputies approved the decree by a vote of 147 to 21 with 227 absentlons. The
    AP  -  134 words
  • Article
    Lock icon Japan's GNP up a fraction
    146 11 UPI TOKYO. Fri. Japan's Gross National Product (GNP) registered only a 0.3 per cent rise during the July-September period because of sluggish personal consumption, the Economic Planning Agency said today. The country's GNP recorded a 3.2 per cent increase in the JanuaryMarch period, but growth
    UPI  -  146 words
  • Article
    Lock icon Despite the crises, Bangkok reserves up
    113 11 Reuter BANGKOK. Fri. Thailand's International reserves have improved considerably this year, according to the governor of the Bank of Thailand, Dr. Snoh Unakul. In an Interview with the Bangkok Post, he said the reserves at the end of November stood at US$l.9 billion (554.67
    Reuter  -  113 words
  • Article
    Lock icon Ecuador Govt to take over Gulfs stake
    239 11 AP QUITO (Ecuador), Frl. The Ecuadorian state oil company Cepe said today It will take over on Dec 31 the 37.5 per cent share held by Gulf Oil of the United States in a joint venture partnership of Cepe, Gulf and Texaco. "This
    AP  -  239 words
  • Article
    Lock icon Stop trading order to foreign Saudi shops
    135 11 Reuter JEDDAH. Frl. Saudi Arabia has told foreign owners of shops and other small businesses to stop trading within two weeks, In a move aimed at helping local Saudi businessmen. Foreign banks and other large foreign companies are not affected. A circular issued
    Reuter  -  135 words
  • Article
    RAJA: IT'S NOT HARBANS OR • • •
    131 11 RAJA: IT'S NOT HARBANS OR FOREIGN Affair* Minister, S. Rajaratnam, yesterday •toted that Um real opposition in Singapore is the communists, not Mr. Harhans Singh or Dr. Lw Slew Choh or Mr. J.B Jeyaretnam, who are Irrelevant distractions because they represent nothing. Speaking at the ISth anniversary dinner of the
    131 words
  • Article
    Lock icon BUSINESS LEADERS PROPOSE $40 bil tax cut
    154 11 Reuter WASHINGTON, Fri. General Electric chairman Reginald Jones said the group of top business leaders who met with President-elect Jimmy Carter proposed a permanent US$l5 billion (Ss4o billion) Individual tax cut should the state of the economy warrant such a move. Mr Jones
    Reuter  -  154 words
  • Article
    Lock icon S Africa prefers weekly gold auctions
    172 11 Reuter PRETORIA, Fri South Africa's Finance Minister Owen Horwood said he would prefer weekly or fortnightly auctions by the International Monetary Fund to help prevent speculation and yield better results. He said the results of yesterday's gold auction were nevertheless very satisfactory. From Washington,
    Reuter  -  172 words
  • Article
    Lock icon No import deposits plan
    66 11 Reuter PARIS, Fri. A Foreign Trade Ministry spokesman said there Is no truth in reports France is planning to introduce Import deposits similar to those Imposed by Italy. The spokesman was asked to comment on a published report suggesting this is a possibility if voluntary agreements
    Reuter  -  66 words
  • Article
    Lock icon FRENCH LOOK AT THE DARK SIDE
    397 11 AP PARIS, Fri. French business, consumers, and economists all are pessimistic about France's chances of emerging from its economic slump in the near future, according to the latest round of surveys published here. President Valery Giscard d'Estaing was reported considering introducing measures to stimulate
    AP  -  397 words
  • Article
    Lock icon Answers to Britain's sterling balances
    890 11 THE chronic weakness of sterling is not entirely due to incompetent management, or rebellious workers, or lack of investment, or partisan government, or any defect in the British character leading to behaviour at the same time lethargic and libertine. It derives in part from a
    NYT  -  890 words
  • Article
    Lock icon EEC fish limit on Soviets
    209 11 UPI BRUSSELS, Fri. The European Common Market will tell the Soviet Union it will have to slash its catch in Western European waters by at least half from 1976 levels, a senior official has declared. The Soviets also will be warned they will not be
    UPI  -  209 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      571 11 APPOINTMENTS ECONOMIC DEVELOPMENT BOARD SENIOR OFFICERS The Economic Development Board would like to invite applications for the above appointments With an international network of overseas centres in 10 major cities, EDB has the primary task of developing industries in Singapore. This includes policy planning, promotion of modern industries and projects
      571 words
Page thumbnail Page 12
  • Article
    LONDON STOCKS
    767 12 LONDON, Ftl. The stock market closed quietly firm with 'new time' buying on the last day of the account and ahead of the economic measures to be announced next week, dealers said. At 3 p.m., the Financial Times Index was up 5.4 at 324.8. Oovernment stocks edged around
    767 words
  • Article
    Lock icon 23,000 down tools
    63 12 UPI DETROIT, Frl. Some 23,000 members of the International Union of Electrical, Radio and Machine Workers struck five General Motors Corp. plants In three states today as a strike deadline passed without a new contract agreement. It was the second strike against the giant carmaker since mid-November,
    UPI  -  63 words
  • Article
    Samak aims to assure investors of Thai stability
    638 12 THAI Interior Minister, Mr. Samak SundaraveJ, yesterday said that one of his immediate objectives is to convince foreign Investors that there Is law and stability in his country. He sAid that since taking office about two months ago, some Interested foreign companies
    638 words
  • Article
    SIM STILL LOOKING FOR THAT EXEC
    441 12 THE talent hunt for the new executive director of the Singapore Institute of Management is still on. Five months have passed since the post fell vacant and the new director has yet to be appointed. The former executive director, Mr Leslie K.C. Wong, left
    441 words
  • Article
    October loans, advances higher
    105 12 BANKS' loans and advance* continued to rise steadily in October but liquid market conditions persist. Loans and advances at end-October stood at 5C.96 billion, 1.35 per cent higher than in September. Over the past six months, growth has been at 10.9 per cent annum, annum. Liquidity,
    105 words
  • Article
    KEPPEL BOND ON MONDAY
    74 12 KEPPEL Shipyard will issue a 535 million bond on Monday to fund the expansion of the company and its subsidiaries. The seven-year bond is expected to have a yield of about BV4 per cent and will be listed in the Stock Exchange of Singapore. Development Bank
    74 words
  • Article
    Punch also envoy to Brazil
    73 12 MR. PUNCH Coomaraswamy has been appointed Ambassador to Brazil. According to a Government statement, Mr. Coomaraswamy Is to hold his new post concurrently with that as Singapore's Ambassador to the United States, to which he was appointed last month. The ambassador, a lawyer by profession,
    73 words
  • Article
    Managers due in
    60 12 THE Chesebrough-Pond's area manager, Mr. J. Corbertt, the financial director, Mr. Lan Cornish, the South-east Asia manager, Mr. A. Goldmacher and Mr. A. Welch will be In Singapore next week December 13 to discuss the company's marketing strategies with Muller and Phlpps (FE) Muller and Phipps will
    60 words
  • Article, Illustration
    Over that watershed with no regrets
    1446 12 MAN OF THE WEEK THERE he sat, a rather forlorn figure in the soon-to-be-relinquished plush executive office high up on the 24th floor of Orchard Towers. Mr. James Bywater, 55. Yesterday he was head of a $715 million business empire which girdled the world.
    1,446 words
  • Article
    UPF to contest 20 seats?
    626 12 THE United People's Front will field only 20 candidates In the General Election. Mc Harbans Singh, Its general secretary, told Business Times that the Intention is to provide a straight fight between the opposition and the ruling People's Action Party. This had been disclosed to
    626 words
  • Article
    Lock icon Osano to be charged
    388 12 UPI TOKYO, Frl. Kenji Osano, Japanese travel tycoon and owner of six major hotels In Honolulu's Walkiki Strip, will soon be Indicted for perjury In the Lockheed Scandal, Justice Minister Osamu Inaba said. "He will be Indicted In the not distant future," Mr. Inaba told a
    UPI  -  388 words
  • Article
    Registration for next series of National Trade Tests
    147 12 REGISTRATION for the next series of National Trade Tests conducted by the Industrial Training Board will be on Dec 15 to 17 at the Buklt Me rah Vocational Institute. The tests, which will begin next February will be conducted for twelve trades
    147 words
  • Article
    Sawmill sued
    54 12 A $257,787 suit was filed In the High Court yesterday by Log Transporter International against Khiam Kee Sawmill for money allegedly due under a charter party. Other suits filed are by Tokyo Byokane against Sincere Metalware Industries for $35,288 and by Yee Cheong Interiop Service against Wlnson Marine
    54 words
  • Article
    Lock icon Colour TV for Pak
    34 12 UPI RAWALPINDI, Fri. Colour television will soon come to Pakistan. The Government-owned television corporation yesterday announced that experimental transmissions from centres in Lahore and Karachi will soon be introduced. UPI.
    UPI  -  34 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      87 12 4 The He^ U.S. Sc Cretan Of State DECEMBER 13 ISSUE HIGHUGHTS sale a BUSINESS: How to Succeed, Japanese Style AUSTRALIA: Positive Side of Devaluation U.S.A: As Vance Sees It The Crisis Manager A Portfolio of Problems SINGAPORE: Assault on the Auto MEDICINE: Relief for Ulcers? Newsweek International c/o Sanvic
      87 words
    • Advertisement
      Page 12 Advertisements Column 2
      206 12 mt. y~ H assß wmm. u Ipf I jfl •■ii HE *i i mmMm^ «$s *WI P ai X 11 i E «^oVas e *r BS iiiii—a w* ICOImTO Departure 26 January 1977 Check-in at 3 p m at Godown 42/43 Gate 1 3 A Departs 5p m Arrival 27
      206 words