The Business Times, 31 December 1976
1976-12-31
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The Business Times
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Title Section9 1976-12-31 1 BUSINESS TIMES M.C.(P) 1455/76 FRIDAY, DECEMBER 31, 1976 ."><) CENTS9 words
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NEWS IN BRIEF
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Article79 1976-12-31 1 AP TOKYO, Thurs. Prime Minister Takeo Fukuda, in office less than a week, has completed a round of talks with opposition party leaders and pledged to consider their demands about the conduct of state affairs. Mr. Fukuda, in meetings with heads of the five opposition parties,AP - 79 words
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Article66 1976-12-31 1 AP WASHINGTON, Thurs. US representative Ronald Motil urged President-elect Jimmy Carter by letter yesterday to establish controls on US steel Imports from Japan. Cautioning Mr. Carter that the effect of Imports on Cleveland the largest city in his native state of Ohio could be severe, Mr. MotllAP - 66 words
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Article93 1976-12-31 1 Reuter JAKARTA, Thurs. Opec members which agreed to raise their oil prices by 10.4 per cent as from January 1 would be prepared for a showdown if Saudi Arabia insisted on keeping its price low, Indonesian Mining Minister Dr. Mohammad Sadll said today. Meanwhile, the Indonesian GovernmentReuter - 93 words
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Article55 1976-12-31 1 Jakarta Peking ties AP JAKARTA, Thurs. —.Indonesian Foreign Minister Adam Malik said yesterday that normalisation of relations between China and Indonesia would be carried out after next May's general election. Mr. Malik said he had met with Chinese officials abroad over the past several years, and all obstacles to re-establishingAP - 55 words
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Article39 1976-12-31 1 AP TOKYO, Thurs. The Aqaba port department of vShJSS, placed an order with IshikawajlmaHarima Heavy Industries Co. (IHI) for a floating berth, worth about 1,500 million ven rsii2 million) IHI said today. -AP y (B l2AP - 39 words
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Article42 1976-12-31 1 KUALA LUMPUR, Thurs. Bank Negara today made public a list of locally-manufactured goods eligible for the export credit refinancing facility which it is introducing from Monday. The goods range from vegetable products and footwear to transport equipment and aircraft.42 words
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Article37 1976-12-31 1 LEONO Mun Kwal, secretary-general of the People s Front, was sentenced to two 18-month terms for defaming Prime Minister Lee Kuan Yew J wo elect lon rally speeches. The sentence are to rim concurrently.37 words
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Article30 1976-12-31 1 UPI NEW YORK, Thurs. Dow Jones averages, based on first hour of trading today on the New York Stock Exchange: 30 Indus 998.25, up 3.32:20 transD I&S: ZSOW-vplUPI - 30 words
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Chief Price Changes
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Article111 1976-12-31 1 Rites Most activt A. Hltam $11.40 +.30 Inchcape 136.000 Prima .13 Central Sugars 134,000 M. Flour $2.47 .14 Pan Electric 126,000 A. Choc $0.75 .13 Haw Par HS 000 Intraco $2.41 Unlllte $0.44 K. Kampar $2.10 Qulnness $4.30 Carlsberg $3 36 Gen tings $3.10 U.M. Flour $1.03111 words
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Article, Illustration178 1976-12-31 1 SHARES chalked up moderate gains in fairly active trading at the Stock Exchange of Singapore yesterday. Lower-priced shares benefited from the intermittent bouts of buying which characterised trading throughout the day. The Business Times index was up 2.32 points to 269.06 while the Straits Times Industrial average178 words
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1078 1976-12-31 1 ANTHONY ROWLEY - SINGAPORE IS THE FIRST IN ASIA By ANTHONY ROWLEY THE Stock Exchange of Singapore is to launch a pilot scheme for trading in "call" options on Feb 1 next year. This means that Singapore will become the first financial centre in Asia1,078 words
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Article103 1976-12-31 1 AN expert on stock options trading will visit Singapore in February and brief members of the Stock Exchange of Singapore. Mr. Terry Mayer, who is Bache Halsey Stuart's top options expert, will arrive on Feb 9, and he is scheduled to talk to Stock Exchange members the103 words
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312 1976-12-31 1 Sime voting all over in minutes KUALA LUMPUR, Thurs. In under seven minutes, shareholders of Sime Darby voted at the extraordinary general meeting today, for the appointment of six directors, three of whom are new to the board. At 12.10 p.m., allowing three minutes for concluding statements, shareholders filed out312 words
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380 1976-12-31 1 Reuter LONDON,' Thurs. Mr. Peter Lai, executive chairman of the International Tin Council (ITC), has asked the Bolivian Ambassador here to request his Government to reconsider Its decision not to ratify the International Tin Agreement (ITA) by Dec 31. Early this week, the BolivianReuter - 380 words
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Article290 1976-12-31 1 It is the responsibility of trade union lender* at nil level* to drive kone to member* the neoeeeity for extreme moderation In wage increase* and fringe benefits. n Sacrifices, anid Mr. Qnf Peng Boon. Minister for Labour, must be mnde for long-term nntionnl eon■idaration*. "In290 words
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335 1976-12-31 1 IN launching its proposed organised market for options trading, the Stock Exchange of Singapore Is obviously anxious to avoid the charge of creating a "casino-like" environment for securities dealing. Such criticisms were made of the abortive scheme for a London share options trading market,335 words
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Article26 1976-12-31 1 Reuter DACCA, Thurs. The Bangladesh Government issued an ordinanc/nst night which will ensure that workers share the profits made by their companies. Reuter.Reuter - 26 words
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312 1976-12-31 1 Asian mart set record in November INCREASED funds from Weet Asia and Switzerland and a greater volume of transactions with Hongkong have caused the Asian dollar market to record its largest jump for the year. In November, grass assets of the market new by US$553 million (551.35 billion) over October,312 words
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Article349 1976-12-31 1 PRIME Minister Lee Kuan Yew yesterday announced his choice of cabinet ministers to be appointed by the President. With the exception of Dr. Lee Chlaw Meng, all other ministers retain their portfolios. Dr. Lee '^portfolio of Science and Technology will be given to Mr. Jek349 words
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Article106 1976-12-31 1 THE Prime Minister, Mr. Lee Kuan Yew, yesterday received, more congratulatory messages from abroad on the re-election of the People's Action Party to Parliament. Heading the list was one from President Suharto of Indonesia which was received on Wednesday. Others came from President Ford of the106 words
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Article100 1976-12-31 1 AP PARIS, Thurs. The British Leyland Rover 3500 has been named "Car of the year" for 1976 by an international panel of motoring journalists, it was announced today. The panel Is made up of 49 Journalists from 47 different ?übllcations In 15 nations, he award hasAP - 100 words
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Page 1 Advertisements
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Advertisement63 1976-12-31 1 V rt I sa f\irw UITI BfITTERY UGHTSt Round switch J| button me Lights first time everytime ■mJ® 8200 Free life-time service Tel: *****1 INSIDE Over***, newt/ TV ft Radio Overseas news Features Local Co news International Co news Local stocks PC P2 Overseas stocks P7 Commodities PS pj Transport63 words
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Advertisement103 1976-12-31 1 Copy large size originals on one sheet, size for sizeno trimming, no sticking together. Xerox 3103 No matter what the originals. Up to 14" by 18" or 356 mm by 457 mm. solids. Half tones. Or pale blue. The Xerox 3103 gives perfect reproductions. Every time. Size for size. On103 words
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Advertisement175 1976-12-31 1 £f- S. /,< f par GOLF PTE LTD tfx poller's shop A Wayfoong MAF loan can help you get through the difficult months of any business A big idea isn't enough. A business needs Wiyfoong MAF. Wayfoong MAF can help a new business get started or an established business expand.175 words
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OVERSEAS
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Article192 1976-12-31 2 AP WASHINGTON, Thurs. —A US Agriculture Department official says reduced prospects for Brazil's soybean harvest next spring will put further pressure on the dwindling world supply of the Important oilseed. Assistant Secretary Richard Bell said also In an interview that further price increases may be triggeredAP - 192 words
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Article82 1976-12-31 2 Aussie up Reuter SYDNEY, Thurs. A ri«e in the Australian dollar in terms of the Reserve Bank's US dollar mid-rate today reflected only market factor! as distinct from a managed shift, a bank spoiwsman said. The dollar edged up to U551.0873 from U5f1.0869 trimming the net devaluation in US termsReuter - 82 words
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Article, Illustration275 1976-12-31 2 Reuter TRIPOLI, Thurs. Libyan leader Colonel Muammar Oaddafl last night announced a national debate on proposals to turn the country Into a direct people's democracy, and said It could mean his replacement. in a television broadcast he said popular conferences would be setReuter - 275 words
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514 1976-12-31 2 'IT WONT BE FULLY CARRIED OUT' AP Reuter UPI CARACAS, Thurs. Venezuela's Petroleum Minister said yesterday the two-tier 15 per cent oil price hike agreed upon by the world's major oil producers earlier this month "cannot be fully carried out." Minister of PetroleumAP; Reuter; UPI - 514 words
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224 1976-12-31 2 Israelis trying to block peace talks Sadat UPI CAIRO, Thurs. President Anwar Sadat said in an interview published today Israel is attempting to obstruct the Geneva Middle East peace conference but eventually will have to participate in it. He conceded that an Israeli preemptive military strike against the Arabs wasUPI - 224 words
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392 1976-12-31 2 UPI MOSCOW, Thurs. Soviet leader Leonid Brezhnev Is willing to hold a summit meeting with Presidentelect Jimmy Carter provided there Is progress In negotiations for a new Strategic Arms Limitation agreement. Mr. Brezhnev discussed the possible summit in a reply to written questionsUPI - 392 words
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Article319 1976-12-31 2 AP LONDON, Thurs. Britain shivered In a cold snap today and the sea froze for 1.6 km along the coast near Ramsgate In Kent county. Planes were held up by freezing fog, trains were delayed by frozen points and cars and trucks skidded off IcyAP - 319 words
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248 1976-12-31 3 Reuter HONGKONG Thurs. China's grain production "hit an all-time high In 1976," the New China News Agency (NCNA) said today. The agency gave no production figures. However, preliminary estimates by economic analysts specialising In Chinese affairs have put the total production In excessReuter - 248 words
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Article96 1976-12-31 3 AP LONDON, Thurs. Several Latin American countries are beginning to look more attractive to foreign Investors. the authoritative Mining Journal said In Its current issue. The weekly reported: "Argentina has announced a relaxation of Its foreign Investment regulations. Peru has decided to drop Its insistence, embodiedAP - 96 words
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298 1976-12-31 3 MEXICO CITY, Thursday Reuter MEXICO'S Central Bank said inflation has risen to a record annual rate of nearly 60 per cent since the peso was floated last Aug 31. The bank said In a special report that retail prices rose by 14.1 perReuter - 298 words
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232 1976-12-31 3 TfIAT $920 mil LOAN... UPI WASHINGTON, Thurs. The State Department said yesterday the United States is "desirous" of helping Portugal over its current economic difficulties with US$3OO million (Ss92o million) emergency loan, and is currently continuing negotiations in Lisbon regarding details of the loan. CommentingUPI - 232 words
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185 1976-12-31 3 UPI MONTREAL, Thurs. The Canadian pulp and paper Industry In 1976 was outstripped by Its principal competitors despite significant Improvements In Its performance over 1975, the Canadian Pulp and Paper Association said yesterday. In a year-end review, association president Howard Hart blamed "unprecedented strikes,"UPI - 185 words
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Article, Illustration231 1976-12-31 3 IranianItalian oil-for-skill barter deal AP MILAN. Thurs. The Shah of Iran, disappointed over Fiat's preference for Libyan investments, nonetheless is pursuing negotiations witn Italy for an oil-technology barter, II Giornale Nuovo reported yesterday. The Milan daily, which had an exclusive interview with the Shah on Tuesday, said it had learnedAP - 231 words
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Article90 1976-12-31 3 UPI VAIL, (Colorado), Thurs. President Ford said yesterday It is "highly likely" that he Will propose a lifting of federal controls on petrol prices before he leaves office on Jan 20. Petrol prices have been subject to federal controls since 1973. Under the Energy Policy andUPI - 90 words
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295 1976-12-31 3 AP ANKARA, Thurs. Turkish Premier Suleyman Demirel declared yesterday that his four-party coalition government had no cause to attempt a cover-up of alleged Lockheed Aircraft Corporation payoffs In Turkey. In an address to the Parliamentary group of his Justice Party, Mr. Demirel pointedAP - 295 words
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Article84 1976-12-31 3 UPI TOKYO, Thurs. A timetable on the repayment of North Korea's debts with Japan totalling some US$2BO million had been set up, a Japanese delegation said upon Its return from Pyongyang last night. The delegation, quoted by Kyodo news service, said It signed a schedule on theUPI - 84 words
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289 1976-12-31 3 UPI WASHINGTON, Thurs. The Securities and Exchange Commission yesterday charged one of the largest American medical supply firms made nearly US$6 million (5514.4 million) in kickbacks and other Improper payments in Saudi Arabia, Mexico and two other, unnamed, countries. American Hospital SupplyUPI - 289 words
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Article197 1976-12-31 3 UPI HOUSTON, Thurs. Significant reductions in United States aid to Israel will come sometime during President Carter's administration, an Arab spokesman predicted here. Dr. M.T. Mehdl, president of the New York based American-Arab Relations Committee, said the American economy needs Arab oil more thanUPI - 197 words
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Article, Illustration1040 1976-12-31 3 EDWARD COWAN - Move to get oil firms to give FEA details of their deals By EDWARD COWAN NYT WITH only two weeks to the Jan 15 effective date of his resignation as Federal Energy Administrator, Mr Frank Zarb has the oil Industry and his ownNYT - 1,040 words
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Page 2 Advertisements
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Advertisement40 1976-12-31 2 V a. m 1 v 1 .A m i s r-r >,'■ -v' the Advertiser I UWWI ,Wv"/ Jjl! 9 c if tW. ft < V* > r.'-' »R? V ll m ■i'm *5 t, "Vr •<> > *s; <£ •<*- <r >• ;K h i H ii40 words
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Page 2 Miscellaneous
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Miscellaneous13 1976-12-31 2 BriStoW-' F»nX DOH'T KriOUWMeRC. moNey uitNT.. e.ve«v AuiNy fiBOJT STONGy BKOKJE. [332 pSI13 words
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Miscellaneous313 1976-12-31 2 w WEATHER report for 24 hours prior to 7.30 p.m. on Dec 30 at Singapore airport: Maximum temperature 26.0° C Associated humidity 92 Minimum temperature 22.8° C Associated humidity 100 Hours of sunshine nil Rainfall in millimetres 36.4 Total rainfall for the month 278.2 Total rainy days for the month313 words
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Page 3 Advertisements
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Advertisement105 1976-12-31 3 y CC'> fi)f r c. <!>*■ >!/ 1 f I KJ I >~i I Exotic cuisine passionately recommended Prawn musalla Selected fresh prawns cooked with subtle spices, onions, paprika juice and sauce Tubarine. Araby Choice cuts from tender lamb cooked with spinach, ginger sauce and green spices from the Middle105 words
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Advertisement79 1976-12-31 3 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) ■>*& BUSINESS TIMES Subscription Form Name: Payment for is enclosed All subscriptions are payable in advance and should Address: be drawn79 words
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COMPANY NEWS
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366 1976-12-31 4 AFTER a fairly impressive return to profitability last year. United Malayan Flour Mills has been severely crippled by rising production costs in the year ended July 31, 1976. The problem, which reduced group pre-tax earnings by almost 67 per cent to only M366 words
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Article272 1976-12-31 4 TRADING conditions at Kuala Kampar Tin Fields continued to deteriorate with the pre-tax profit sliding 34.9 per cent to M 5552.758 for the first six months ended Sept 30, 1976. The poor performance is probably due to the exhaustion of its available tin reserves.272 words
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284 1976-12-31 4 THE year ending March 31, 1977 will certainly be a record one for Selangor Dredging. For at the half-way mark the company has already attained a pre-tax profit higher than its record profit of M 55.72 million for the whole of the financial year284 words
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COMPANY MEETINGS
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Article21 1976-12-31 4 THE following company meetings are due: Dec 31,9.30 a.m., Registered Office.no. 45 Spottlswoode Park Road, Singapore 2.21 words
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20 1976-12-31 4 /ompiny Ul Jan 18, 11.30 a.m., 4th floor Bangunan MIDF 117, Jalan Ampang, Kuala Lumpur.20 words
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Article23 1976-12-31 4 Dec 31, 12 noon, at .1 O T« 1A the Hotel Merlin, 2 Jalan Sultan Ismail, Kuala Lumpur.23 words
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Article15 1976-12-31 4 Jan 22, 12 noon, Mandarin Hotel, 333 Orchard Road, Singapore 9.15 words
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16 1976-12-31 4 Jan 29. 11 a.m., 31 Jalan Riong. Kuala Lumpur.16 words
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Article76 1976-12-31 4 Reuter DUISBURO, Thurs Kloeckner said total 1976 third party sales should rise as expected by 13 per cent to between 6.6 and 6.7 billion marks with earnings possibly returning to 1974 levels. Last July, the company said It hopes to return to the 1974 earnings levelReuter - 76 words
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Article52 1976-12-31 4 Reuter PARIS, Thurs. Chrysler France said It produced 506,000 vehicles this year, 24 per cent above last year's 407.952. Taking into account of vehicles for assembly outside France, the total was 576,400 (473,796). Exports rose to 296,850 from 276,787, or to 365,100 (342,691) Including vehicles forReuter - 52 words
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104 1976-12-31 4 BEN has Informed shareholders that only one of its directors, Mr. J.F. Raslah, has a service contract with more than 12 months to run. Ben gave the Information at the request of the Securities Industry Council as part of the appendix to the circular104 words
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Article371 1976-12-31 4 SIM LIM INTERIM RESULTS SIM Lim shareholders will have to do another turn at singing the blues as the company carries on trading in the red. The latest halfyear figures released recently report that although the subsidiaries of the company turned in a small profit of $121,000,371 words
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1851 1976-12-31 4 TAKESHI P. ITOH - JAPANESE FOREIGN INVESTMENTS By TAKESHI P. ITOH Financial Times ALL THE fanfare with which the Japanese Oovernment launched a liberalisation programme to permit foreign portfolio Investment by Japanese Investors at the onset of the Seventies came to an abrupt halt In the wake of theFinancial Times - 1,851 words
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Article84 1976-12-31 4 Reuter MELBOURNE, Thurs. A preliminary report by the consulting geologist of Wattle Gully Gold Mines indicates there is a minimum of 2.75 million tons of uranium ore reserves, averaging 1.6 lbs per ton uranium, at the company's Thatchers Soak, Western Australia, deposit. On present day valuesReuter - 84 words
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Article426 1976-12-31 4 Currant Ex Date Total for Total for payment Date payable the year previous year Metal Bom Bhd. 5%+ Nov. 26 Dec. 31' 5%+ Inchcape 5%+ Dec. 13 Dec 31 5%+ 10% Inchcape Loan 4.875% Dec. 13 Dec. 31 9.75% 9.75% H'land 6 L'land 10%* Dec. 13 Dec 31426 words
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116 1976-12-31 4 Reuter MELBOURNE, Thurs. BH South expects its phosphate mining unit to become profitable in the next six months to endJune 1977, the company said in the formal documents on its four-for-flve cash issue to raise A 519.75 million for the phosphate operation. ProductionReuter - 116 words
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Article88 1976-12-31 4 PARIS, Thurs. Ste Nationale Elf-Aquitaine said it considers it should be able to maintain Its dividend at the same level In constant value terms in future years. In the last decade the company each year paid dividends totalling about 200 million francs in 1975franc terms, it added88 words
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Article85 1976-12-31 4 NEW YORK, Thurs A decision on whether to merge the New York and American stock exchanges will probably be made next Bear,8 ear, Amex chairman Paul [olton told a news conference. Mr Kolton said the American Stock Exchange earned about US$l million in 1976 against $316,000 in 1975.85 words
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Article114 1976-12-31 4 Harland Wolff float-out Reuter LONDON, Thurs. Belfast shipbuilders Harland and Wolff said It floated out a record 954.000 dw tonnes of shipping In 1976 against the previous 656,400 tonnes record In 1974. The company also reported completion of marine engines was 273,600 brake horse power during the year, second onlyReuter - 114 words
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Article70 1976-12-31 4 PARIS, Thurs. The French state utility Electricite de France plans to raise its borrowings on domestic and foreign capita] markets to 9.4 billion francs In 1977 from an eslmated 6.5 billion this year to help finance investments totalling 14.9 billion (12.6 billion), an EDF spokesman said. All70 words
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162 1976-12-31 4 AP BENTON HARBOR, (Michigan), Thurs. Sanyo Electric of Osaka, Japan, has acquired a controlling Interest in the television business of Warwick Electronics Inc., officials said. Sanyo Electric makes electronic products, including colour TV receivers. Warwick is a subsidiary of Whirlpool Corp As part ofAP - 162 words
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Article1017 1976-12-31 4 On December 29 PRICES on the Chicago Board Options exchange backed off, with declines topping advances 345 to 118 on Wednesday. Volume approximated 82,468, down from 110,990 contracts on Tuesday. OPTION JAN APL JLY STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel1,017 words
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Page 4 Advertisements
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Advertisement184 1976-12-31 4 1 r MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin184 words
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INTERNATIONAL COMPANY NEWS
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Article206 1976-12-31 5 HONGKONG, Thurs. the deputy chairman and chief executive of Hutchison International. Mr. W.R. A. Wyllie, has announced the appointment of Mr. Jonathan Hubbard-Ford as an executive director to the HIL board with immediate effect Mr. Hubbard-Ford Joined the Hutchison group three years ago. He has206 words
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Article107 1976-12-31 5 Reuter PARIS Thurs ThomsonBrandt has exchanged a 4.25 per cent holding in Le Material Telephonlque Sa (LMT) for Thomson CSF's t 16 per cent holding in Ste. Francaise des Telephones Ericsson. Thomson'.CSF said in a statement. 1 Thomson CSF now holds just under 50 per cent of LMT'sReuter - 107 words
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Article82 1976-12-31 5 Reuter SYDNEY Thurs. Hooker said the balance of 1.19 million options in the company held by the Mlrchlson Brothers of Texas has not been exercised and has consequently lapsed. The options which matured yesterday, comprised 594,000 shares at 75 cents each and 594.000 at 80 cents." Last weekReuter - 82 words
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Article314 1976-12-31 5 Reuter TOKYO, Thurs. Ataka might hive off as much as half of Its total business operations before merging with C Itoh as planned next year, an Ataka spokesman said. The spokesman was commenting on the basic agreement to merge, announced yesterday, which said areas of Ataka'sReuter - 314 words
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Article39 1976-12-31 5 SYDNEY, Thurs.— International Mining Corp said Its Joint venture with Amax Exploration (Australia) over 39 licence areas In the Yilgarn gold fields. Western Australia, will not go ahead. International said It Is currently negotiating with new venture partners.39 words
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Article110 1976-12-31 5 Reuter BLUE BELL, PA, Thurs Sperry Rand Corp's Sperry Unlvac unit said it expects continued favourable growth In 1977 profits and revenue. In a year-end statement, it said it expects to expand computer business into new markets, such as the Soviet Union, Eastern Europe, the Middle EastReuter - 110 words
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Article92 1976-12-31 5 AMSTERDAM, Thurs Holland will allow non-resi-dents to take up private loans from Jan 3 for the first time since May. the Dutch Central Bank said in a circular. Loans will be allowed up to 75 million guilders and must have a life of at least 10 years, while proceeds92 words
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631 1976-12-31 5 NYT NEW YORK, Thurs. Some astute Individuals are earning extra income by paying large bills with cheques written against their iiT>terest-bearing moneymarket fund investments. The strategy is particularly effective when the mails are bogged down, as they are at present with heavy ChristmasNYT - 631 words
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Article233 1976-12-31 5 Reuter LONDON, Thurs. Associated Engineering plans capital expenditure or £35 million over the next two years to meet anticipated worldwide demand, the chairman, Mr. John Ferguson, said in the annual report. Most of the expenditure will be in the UK, although much of the sales IncreaseReuter - 233 words
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Article91 1976-12-31 5 Reuter TOKYO, Thurs Tokyo Engineering Corp (TEC) and Mitsui Jointly won a USSIOO million order from Techmashlmport of the Soviet Union for two compound chemical fertilisermaking plants. Mitsui said. It said each plant will have a daily capacity of 1,840 tonnes of compound fertilisers. Mitsui said delivery willReuter - 91 words
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261 1976-12-31 5 Reuter OSLO, Thurs. Plans for developing the Statfjord Field In the Norwegian North Sea, now well under way, will have to be subjected to a thorough reassessment. the state oil company Statoll said. The reason for reassessment was a letter from the oil directorate demandingReuter - 261 words
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152 1976-12-31 5 Reuter MELBOURNE. Thurs International Oil said it acquired the 5.2 million ordinary shares held In Timor Oil by Amalgamated Petroleum. This has raised the company's Interest In Timor Oil to 7.31 million shares, It said. Timor's Issued capital stands at 48.32 million ordinary shares ofReuter - 152 words
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Article1285 1976-12-31 5 FT NEW YORK. Thurs. Thanks to what they see as a combination of technical superiority, lower prices and generally more innovative marketing programmes, the huge Japanese electronics conglomerates have over the past decade managed to grab the lion's share of the US retail market forFT - 1,285 words
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Article1036 1976-12-31 5 EUROBANKING FT LONDON. Thurs. An increasingly. publicised yardstick of achievement In the Eurobond market Is the number of volume of new Issues managed and comanaged by participant banks. Analysts using different statistics, different criteria and differing definitions can produce a bewildering array of conflicting conclusions and thereFT - 1,036 words
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Article379 1976-12-31 5 NEW YORK. Thurs. Lloyd. Carr, a Boston-based option dealer, said it Is offering a funds segregation plan to Its customers which the company invites industry to follow and the Commodity Futures Trading Commission (CFTC) to adopt. Company president, Mr. James A. Carr. said the Slan, which379 words
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Page 5 Advertisements
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Advertisement244 1976-12-31 5 TENDER NO: 13/76 Tenders are invited for supply of Commercial Kitchen Equipment to Goroka Teachers College, P.O Box 1078, Goroka 1 Deep Freeze Unit approx. 10' x 10' x 8' with shelving and single door. 1 Electric Range, 8 plate, with Double oren Generally similar to Luke-Tallen's Model 2042 lectric244 words
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Advertisement632 1976-12-31 5 SINC bu SINGAPORE From January 1977 SINGAPORE BUSINESS is on sale. What, another business publication? No, not just another. In fact, we were here first and businessmen here still find they need Singapore Trade and Industry monthly to give them the depth, the essential facts and figures and the "inside632 words
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Article2061 1976-12-31 6 SECTION ONE INDUSTRIALS Gr'a Gr'a Net 1976 Last div Div yld P/E Vol Day High Low Company Sale +or- c'v* cow) High Low 175* 133 Ac ma 133 unch 12.ON 1.1 9.0 6.7 25 134 133 206 172 Alcom 206 20.0 1.3 9.7 13.2 100 60 Allied2,061 words
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Article1467 1976-12-31 6 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1000 units unless otherwise specified. All Time Settlement Contracts are Sted after the word Sett." Board deals1,467 words
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Article1379 1976-12-31 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. INDUSTRIALS Acuta il 308 I 40S> A. Tap* (0.378) Ajmamala <1 89B).1,379 words
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Article152 1976-12-31 6 SINGAPORE UNIT TRUST (Manager*' price* for Dm 31) INCOME BOND UNIT (Current price*) 1 08 1.14 The Saving Fund 0 96 1.01 S'pore Prog Fund 0 80 0.85 S'pore Security Fund 1 29 1.30 S'pore Invest Fund ..104 1.10 MARA BUMIPUTRA FUND (Managers' price* for Dec 31) ASIA152 words
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Article145 1976-12-31 6 BOTH 1/2% 19X1 (100.000) (103»*B 104 .S) I) B S X 1/2% 19X2 (100,000) (99UB lOOUS) DBS Converts 6 1/2% 1991 (100.000) <98'«B 99US) E I B 9** 19K2 (100.000) (1048 104%5) E I B H 1/4% 19X.1 < 100.000) (100",B 101S)(2)100', I B J X 1/2%145 words
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Article117 1976-12-31 6 5 1/2% 15/4/78 (1.000.000 f? (101 538 101.635) 5 1/4% 15/7/78 (1.000.000) (101.308 101 375) 7% \nm (1.000 ooo) (104 sob 104.905) 5 1/4% I VIM/79 (1.000.000) (100 708 100.85S) 6 3/4% 15/6/ MO (1.000.000) (102 958 103 05S) B 3/4% 1/12/80 (1.000.000) (102 958) 5% T117 words
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Page 6 Advertisements
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Advertisement0 1976-12-31 6 @%.?,}_?)*%$!-$$%~(\<%~=!{,{(|^0 words
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Article448 1976-12-31 7 INTERMITTENT bouts of buying sent prices higher across a wide front in fairly active trading at the Stock Exchange of Singapore yesterday. The opening market saw an extension of buying support for most of the volatile issues. This was interrupted by scattered profit-taking which caused most prices448 words
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Article370 1976-12-31 7 INTEREST was centred on lower-priced issues in fairly active trading at the Kuala Lumpur Stock Exchange yesterday. With the support of small investors, these category of stocks dominated trading to end in plus territory. Observers argued that the downside risk involved was smaller in comparison370 words
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185 1976-12-31 7 Reuter WASHINGTON, Thurs. The US Federal Trade Commission said one of America's biggest debt-collect-ing agencies illegally obtained information from computer banks about customers' debts. The commission issued a press statement announcing an order prohibiting National Account Systems Incorporated of Chicago, a DinersReuter - 185 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1014 1976-12-31 7 NEW YORK: The stock market paid little attention to tome bullish economic statistics and moved lower on Wednesday (or the first time In three sessions. Just as the market opened, the Commerce Department reported the Index of leading economic Indicators, which often signals future trends In the economy,1,014 words
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Article354 1976-12-31 7 PARIS: The market closed well maintained on Wednesday especially steels, helped by recent franc strength against the dollar and a firm Wall Street, dealers said. The smaller than expected 0.8 per cent rise In the French November Retail Price index aided sentiment they added. Americans were not as well354 words
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Article346 1976-12-31 7 TORONTO: Sagging share prices among many of the blue chips pulled the industrial index off 0.82 points and Western oils off fractionally by the close of light trading on Wednesday. Advances led declines by a four to three margin, as investors turned their interests to bargains among the Junior346 words
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Article267 1976-12-31 7 ZURICH, The market turned mixed on profit-taking after the recent continued advance with trading again active on Wednesday. Banks and financial moved within narrow limits while insurances attracted some buying interest led by actively firmer Winterthur and Zuerich Registered. Leading industrials were irregular with bearer shares of Ciba-Grigy and267 words
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Article309 1976-12-31 7 AMSTERDAM: The market generally firmed, on Wednesday but Dutch Internationals ended mixed, dealers said. Akso was a marked gain and Philips and Unilever edged higher. Hoogovens lost further ground and Royal Dutch eased. Insurances, banks and IHC were leaders In the rest of the market. Fokker, Van Ommeren and309 words
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Article430 1976-12-31 7 SYDNEY: The market closed its last full day of trading In 1976 mixed on low volume on Thursday. with oils again the main feature, dealers said. The Sydney All Ordinaries Index fell 0.43 points to 431.00. Santos rose another five cents to A 81.50 as did Ampol Ex at430 words
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Article263 1976-12-31 7 FRANKFURT: Bhares were mixed In quiet trading on Wednesday market sources said. Most leading banks and chemicals were barely maintained, while motors generally lost between 2.20 and 3.80 marks Com me rz bank however gained 1.60 and BMW was 0.50 higher. Stores were up to two marks changed either263 words
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Article355 1976-12-31 7 JOHANNESBURG: Gold shares traded quietly firm on Wednesday in line with European bullion indications, dealers said. Heavyweights gained up to 50 cents, medium stocks up to 10 and lightweights about five. Financial minings were firm and very quiet. De Beers rose five cents to 342. Platinums were very firm355 words
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Article162 1976-12-31 7 BRUSSELS: Most Belgian shares rose on the higher Wall Street trend but trading volume was small on Wednesday. Hoboken, Cockerill. UCB, Tahacoflna and St Roch were higher but Sofina. Electrobel and Cometra fell. Gold mine shares were steady and quiet. Canadian and French stocks rose. Dutch and US were162 words
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Article161 1976-12-31 7 MILAN: The market closed Irregularly higher after light profit-taking In rather quiet trading on Wednesday, dealers said. Fiat, however, closed 28 lire higher at 2123 with Anic. Si»i«. Viscosa, Montedison, Pirelli SPA also higher but with Pirelli E C and both Olivetti easier. Bantogi lost ground In flnanclals as161 words
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Article77 1976-12-31 7 1)KX 30 Bahts Asia Fibre 108 Bangkok Bank 241 ♦2 Bangkok Invest 131S Bangkok-Metro-politan Bank Bata 359 Berli Jucker 1568 Charoong Thai Wire ISO unch Dumex Dusit Thanl Faber Merlin First Trust Indo-Thal J And J Ho 165 unch Jalaprathan Cement 17 unch Karnasuta Lee Kwang Mln Metal Box77 words
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Article429 1976-12-31 7 HONGKONO: The market firmed on fairly active buying support on Thursday, particularly in the afternoon, dealers said. The Hang Seng Index rose 6.50 points to close at 446.49. Prices were boosted by bullish Chinese press comment and the general expectation of a rise In prices up to the Chinese429 words
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Article11 1976-12-31 7 THE Tokyo and Manila stock markets were closed yesterday.11 words
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Article89 1976-12-31 7 FINANCIAL TIMES INDUSTRIALS Wednesday 346.1 Tuesday Closed Week ago 344 5 TIN Wednesday 128.91 Tuesday Closed Week ago 127.72 RUBBERS Wednesday 501.84 Tuesday 504.71 Week ago 497 .26 OILS Wednesday 426.87 Tuesday 416.38 Week ago 417.75 DOW JONES AVERAGE INDUSTRIALS Wednesday 994.93 Tuesday 100.08 Week ago 984 54 LONDON89 words
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Article249 1976-12-31 7 Reuter SYDNEY, Thurs. Hanimex Corp said it will begin manufacturing and marketing film projectors In the US following the acquisition of all the Issued capital of Baia PhotoOptical Corp of Jackson, Michigan. Consideration for the purchase is US$l.l million, of which $800,000 is deferredReuter - 249 words
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Article52 1976-12-31 7 Reuter PARIS, Thurs. Marine Wendel announced pre-tax profit of 109.5 million francs in the 16 months of endDecember 1976. Net profit after tax in the previous 12-month period to end-August 1975 was 69.1 million (no pre-tax figure available for this period). The company changed its year end to end-DecemberReuter - 52 words
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Article106 1976-12-31 7 Reuter BRUSSELS. Thurs. Belgian corporate profits may rise between 20 and 25 per cent in 1977 over this year, but 1974 profit levels are unlikely to be reached and little stimulus is expected for new corporate investment. Kredietbank said in its weekly economic report. AReuter - 106 words
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132 1976-12-31 7 NEW YORK. Thurs Third quarter net earnings at Beatrice Foods rose to U5549.22 million from $43.28 million on sales up to $1.34 billion from $1.24 billion last time. This raised the total earnings for the nine months ended Nov 30. 1976, to $142.8 million132 words
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Page 7 Advertisements
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Advertisement343 1976-12-31 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the hf pasar malam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational HI ftl quite unlike the type that343 words
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COMMODITY REPORTS AND PRICES
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Article646 1976-12-31 8 OPENINO quotations in the Singapore rubber market yesterday, were marked up fractionally and held around this level until towards the morning's close, when prices firmed on covering orders and some forward enquiries, dealers said. January was traded at a high of 194.00 cents. Turnover was moderate. The morning646 words
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Article118 1976-12-31 8 DAILY SSR and SMR prices at noon yesterday: Jan. Feb. HAS. (Currrnt Mth) (Forward Mth) Buvert Sellers Buyeri Seller* (cenu per kg) (ccnta >er kg) SSR 20 (1-ton Pallet) 183 00 184 OON 184 00 185 OON SSR 50 (1-ton Pallet) 180 50 181 50N 181 50118 words
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Article243 1976-12-31 8 THE Straits tin price In Penang yesterday was up $25.12 ft to $1,292.50 per picul on an official offering up 78 tonnes to 333 tonnes. In LONDON yesterday, tin rose by around £122 for cash standard and £131 for Three Months which reached a new record high of243 words
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Article30 1976-12-31 8 Rubber: Dec M Singapore: Jan. 19.1.25 cU (up 0.50 cU.) Malaysia: Jan. 19H.50 cts. (up 0.75 eta) Tin: $1,292.50 (up $25.12'*) Official offering: 333 tonnes (up 78 tonnes)30 words
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Article80 1976-12-31 8 LONDON, Thurs. Lead gained mostly £1.25 per tonne. The market held basically steady in moderate two-way trading reflecting the trend in copper although outside activity was quiet, dealers said. Three Months finished trading at 1301.50 per tonne in sales of 1,775 tonnes. On Wednesday afternoon, lead was 11.25 down80 words
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Article126 1976-12-31 8 THE following Palm Otl prices were quoted In London on Wednesday The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated Wednesday Pre*. Malaysia 5% ffa bulk Jan Feb Mch Sumatra 5% Dec Jan Feb Mar Nigerian 5% ffa bulk Sterling per126 words
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Article190 1976-12-31 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY Coconut OH: Bulk *85 sellers, old drum $90 sellers, new drum $95 sellers. Copra; Mixed (loose) UK/Cont. $54 buyers. Pepper. Muntok ASTA white f.o.b. 100% NLW *297 S sellers. Sarawak white f ob 98% NLW *282* sellers. Sarawak190 words
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Article275 1976-12-31 8 IN the Singapore gold market yesterday, dull and quiet conditions prevailed with the London price being quoted at 134.00/ 134.75 whole day. The London morning fix was U*****.65 up 40 cents on the previous fix Source: Singmaa. In HONGKONG, yesterday, gold closed $2.80 lower at HK5750.20 per Tael, equivalent275 words
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Article352 1976-12-31 8 LONDON, Thurs. Copper wlrebars gained t1.50 per tonne for cash and C 0.50 for Three Months. The market drifted back from Wednesday's late higher levels under scattered liquidation prompted by a lack of follow-through at New York and currency considerations, dealers said. On the pre-market, Three Months eased from352 words
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Article71 1976-12-31 8 LONDON, Thurs. Zinc was unchanged for cash and £0.50 per tonne down for Three Months. The metal was shaded under light profit-taking and hedge selling which took Three Months from £404 down to £402 per tonne before renewed covering emerged. The kerb finished with business back to £403. Sales71 words
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Article305 1976-12-31 8 LONDON, Thurs. The terminal opened about steady, £29 to £50 up from Wednesday night's close with 548 lots traded. Mch gained £35 at £2,775 while Nov rose £50 at £2,805 seller having traded at £2,800. Market sources said the rise was influenced by New York's firm overnight close and305 words
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Article139 1976-12-31 8 CHICAGO. Wed. Wheat futures closed with losses of 1 1/4 to 1/2 cent a bushel on a light volume of dealings. Prices rose slightly in early trade as speculative buying was stimulated by advances in soybean futures and reports of continued dry weather in winter wheat areas. Weakness in139 words
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Article149 1976-12-31 8 CHICAGO, Wed. Soybean futures dropped in late session weakness to close at the day's lows with losses of 6'* to three cents a bushel. Recent technical performance and Improved buyer interest in Europe encouraged early speculative buying which brought small gains but prices slipped back when buying interest waned.149 words
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Article176 1976-12-31 8 LONDON, Thurs. Silver showed gains of 0.7 to 0.5 pence per trov ounce having again quietly traded at steady rates In line with overnight New York levels, dealers said. The relatively low bullion dealers fix was largely ignored with Three Months finally trading at 267.3 pence after touching 267.5176 words
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Article233 1976-12-31 8 LONDON, Thurs. Terminal opened quiet 1.55 to £0.40 below Wednesday's levels. Sales were 274 lots. Dealers said the market fell back following comment from a French house that New York market rumours that up to 100,000 tonnes of Raws had been sold to Rumania referred to a tolling operation233 words
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Article205 1976-12-31 8 BANGKOK. Thurs Indicative prices for rice quoted in Bangkok yesterday were: US dollars per tonne fob basis Bangkok White Rice 108 per cent Ist class 290 100 per cent 2nd 275 100 per cent 3rd 270 5 per cent 258 10 per cent 237 15 per cent 234 20205 words
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MONEY AND EXCHANGES
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Article528 1976-12-31 8 INTEREST rates for overnight funds rallied strongly in the Singapore domestic money market yesterday to hit the day's high of seven per cent at the close. Dealers attributed this to the seasonal "window dressing" of rates by the market made (possible by the ability of lenders to "sit" on528 words
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Article145 1976-12-31 8 Asian rates ASIAN currency deposit rates as at close on Dec 30 interbank 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths U8 Dollars (Spot) Offer Bid 5 47/8 5 1/4 5 1/8 53/16 31/16 5 1/8 5 3 7/16 5 5/16 5 8/16 57/16145 words
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Article34 1976-12-31 8 IMHOI M fr ortf+m4 tm I". i iirtnAi —j in f "»HI— 'HMun MII* t >M i mmuh w—i wiu i IM a> >V1» A/it iiVK p 1/11 Source: National Discount Co34 words
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Article60 1976-12-31 8 Minimum lending rates (in ACBC 6* First Chicago 6*» Algemene Bank Citibank 6* Bangkok Bank .7*4 HSBC 7 Bank of America 6*. Indosuez 6% Bank or China .7K Malayan Banking 6*4 Bank of Tokyo 6*. Mitsui Bank 0*4 Bank Negara OCBC 6*4 Indonesia .7*. OUB 6*4 Chartered Bank 6*. UCB60 words
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Article289 1976-12-31 8 LONDON, Wed. Major currencies showed little movement against the dollar in very quiet and featureless year-end trading, dealers said. Sterling was a little lower than overnight after profittaking in the Far East. It held at an early $1.7030/40 compared with Tuesday night's close of $1.7055/60 and the $1.7070/80 reached289 words
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Article109 1976-12-31 8 NEW YORK, Wed. The dollar closed weaker against most major currencies in very quiet trading as dealers showed reluctance to take new positions before year-end. Sterling closed at $1.7068/80 compared with an opening $1.7012/17 and Tuesday night's $1.7000/15. Dealers said the recent firmness in sterling reflects the British109 words
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Article172 1976-12-31 8 HONGKONG, Thurs. The US dollar fell back further to HK54.6605/6640 in very thin trading from an opening level of $4.6750/6790 and Wednesday's close of $4.6785/6810, dealers said. They said that with the year-end, business was at a virtual standstill except for small commercial deafs and attributed the decline of172 words
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Article142 1976-12-31 8 TOKYO, Thurs. The dollar for overnight dellvery closed lower at 292.25 yen from 292.50 at the opening and 293.10 at Wednesday's close after erratic fluctuations, dealers said. It slipped to 292.05 yen at one point in early trading under selling pressure reflecting an overnight rise In major currencies against142 words
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Article164 1976-12-31 8 Euro rates LONDON, Thurs. Overnight Eurodollar deposits featured in early trading, firming to around 30 to 25 per cent from opening steady levels of 16-1/2 16-3/8 and then easing to 25 23, dealers said They cited a combination of short-covering and a lack of offerings for the appreciable gain In164 words
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Article42 1976-12-31 8 ZURICH exchanges quoted on Dec. 29 US 2.4455-4475 UK 4.1665-1715 Can 2.4155-4195 W Germ 103.66-84 Neth 99.28-48 France 49.30.37 Belg 6.79 V,-81-* Denm 42.38-44 Norw 47.23-29 Swed 59.30-37 Italy 0.2791-2796 Austria 14.59-62 Port 7.74-77 Spain 3.58-59 Arg 0.85-1 00 Japan 0.8314-83-*42 words
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Article52 1976-12-31 8 AUSTRALIA/NZ exchanges quoted on Dec. 30 Australia: Sterling *****/0.6330 US dollar 1.0897/1.0849 Ninety day air mail buying rat£s: Sterling 0.6722 US dollars 1.1157 Ninety day forward buying rates: Sterling 0.6606 US dollars 1.0939 New Zealand: Sterling 0.6406/ 0.6330 US dollar 1.0897/ 1.0849 Ninety day forward rate: Sterling 0.6000 US52 words
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Article34 1976-12-31 8 FRANKFURT exchanges opening quotes on Dec 30. US 2.3560/80 Can 2.3315/30 UK 4.007/022 Neth 95.85/96 00 Switz 96.34/54 Italy 2.685/700 France 47.43/58 Norw 45.45/55 Belg con 6 550/565 Belg fin 6.56/58 Japan 0.8070/8034 words
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Article283 1976-12-31 8 LONDON. Wed Eurobonds were steady to a shade higher in quiet to moderate activity, dealers said. US issues met some interest among the more recent issues, where prices gained around V« point, while older bonds were quietly steady. Convertible bonds were unchanged to a touch easier in quiet283 words
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Page 8 Advertisements
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Advertisement441 1976-12-31 8 )u 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 the441 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration940 1976-12-31 9 TERESA LIM - By TERESA LIM IF YOU listen to radio commercials in the morning, you may have noticed with some surprise an advertisement for Maersk Line, since shipping advertisements on radio are particularly unusual. And your surprise may have turned into curiosity940 words
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Article, Illustration435 1976-12-31 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Fujlharu Maru (1800 subject gas free) (POBC P/O) 13/14 Gloria Fortuna (after Kyoho Maru) 29/30 Hagurosan Maru (after Atlantic Star) 44 Karakorum (after Fortune Runner) 10/11 Kota Gajah (after Adhlguna Karunla) 27/28 Let Nego Beach (after Dong Shin) (Req. Ramp Berth) 19 Neder435 words
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575 1976-12-31 9 Financial Times LONDON, Thurs. In the face of the continued refusal of the the U.B. Civil Aeronautics Board to agree to the introduction of the British Airways contract rates package for cargo carried on its services across the North Atlantic, the U.K.'s Civil AviationFinancial Times - 575 words
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238 1976-12-31 9 Reuter LONDON. Thurs. The UK shipbuilding Industry will go into rapid decline and some yards will close unless the government takes urgent action to produce a survival policy for the Industry, Shipbuilders and Repairers National Association president John Wright said. InReuter - 238 words
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Article192 1976-12-31 9 AP LONDON. Thurs. Not surprisingly between the Christmas and New Year holidays, very little business emerged on the freight markets yesterday apart from a few isolated January fixtures. North American grain chartering produced a 32-33,000-tonne January 7-17 movement from Bale Comeau to Japan aboard the "Chennal Jayam"AP - 192 words
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Article543 1976-12-31 9 ARRIVALS Service Operator Number Local Time From CPA PAA JAL SIA OIA CX003 PA841 JL712 SQ211 GA980 0145 0950 1000 1010 1030 HKO SFO/HNL/OUM HLP HLP HLP OIA PAL KLM GA908 PR501 KL833 1100 1115 1150 MES MNL AM8/ATH KHI/CMB SIA SIA SN SQ201 SQ240 SN287 1200543 words
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Page 9 Advertisements
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Advertisement88 1976-12-31 9 A wealth of answers to scientific phenomena LIFE SCIENCE LIBKAKY A thousand questions you've asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular theory mathematics the human88 words
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Article, Illustration717 1976-12-31 10 SOH TIANG KENG - Industry grossed an output of $968 m last year By SOH TIANG KENG IN SINGAPORE, people do not eat for the sake of nutrition only. They also eat for the sheer pleasure of It. Indeed eating has become a national passion with a bewildering717 words
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625 1976-12-31 10 WILLIAM BORDERS - By WILLIAM BORDERS NYT AFTER an intensive programme of education, at a cost of more than US$5O million, Pakistan is scarcely any closer to solving* Its population problem now than it was 10 years ago, according to an official survey. TheNYT - 625 words
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1578 1976-12-31 10 GERARD LOUGHRAN - By GERARD LOUGHRAN UPI DEMANDS for independence by minorities in Canada and Britain have brought to light a global trend toward what one scholar calls a "massive fragmentation" of nationstates that threatens the future of many countries. Even the United States has aUPI - 1,578 words
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624 1976-12-31 10 R. SOERLIND - By R. SOERLIND UPI SWEDISH workers gain sweeping new powers from a controversial law which takes effect on Saturday in which management must negotiate with unions before vital business decisions are made. The 70-paragraph Democracy-at-work Act creates Joint decision making through collective agreements in theUPI - 624 words
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Page 10 Advertisements
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Advertisement249 1976-12-31 10 NOTICES Ssso Esso wishes all it's Business Associates and Friends A Happy Prosperous New Year CHANGE OF ADDRESS NATIONAL INSURANCE COMPANY LIMITED Please note that with effect from Monday, 3rd January 1977, we will be re-siting our Kuala Lumpur Office to the following address:Wisma T#k Lh, 4th Floor, No. 38,249 words
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Advertisement97 1976-12-31 10 1 BY ORDER OF THE DIRECTOR OF LOGISTICS PURCHASING DEPARTMENT MINISTRY OF DEFENCE TANGLIN, SINGAPORE AUCTION SALE OF Oeneral Equipment, Tyres, Empty Cartridges, Accommodation Stores, Vehicles, etc. TO BE HELD AT No. 58 Market Street, Singapore. On Thursday, Bth January 1977. At 2.00 P.M. VIEWING: Can be viewed on 3rd,97 words
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Page 11 Advertisements
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Advertisement458 1976-12-31 11 How advertisers can mount a campaign aimed at businessmen Tactical information from Business Times rv v 1. Know w)iatsou are up against. If you want to advertise to businessmen you have to decide how to reach them. Here's what you are up against: 1. Direct Mail. There's nothing wrong with458 words
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Article, Illustration498 1976-12-31 12 KUALA LUMPUR. Thurs. Tan Sri Abdul Kadir Shamsuddin, chairman and chief executive of Petronas, Malaysia's state oil company, gave an assurance yesterday that the company will concern Itself only with "big" projects, and will leave enough room for private Industry, both local498 words
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Article761 1976-12-31 12 LONDON, Thurs. The market closed firmer In response to a small demand, dealers said. At 3 p.m. the Financial Times Index was up 4.0 at 351.0. Government bonds showed net rises of up to 3/8 point among longer maturities.Shorts eased about 1/16 on switching Into longs and selling761 words
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Article133 1976-12-31 12 THE steel industry in Singapore may have to make price adjustments on its products if the threat from lower priced steel from Japan continues. The only alternative Is for theOovernment to review its policy on this matter, said Mr. Na Lie Tjlng, executive director of133 words
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Article136 1976-12-31 12 THE East Asiatic Company, Copenhagen, has decided to engage again In trans Pacific trade early In 1977. Barber Lines, Singapore have been appointed agents for Singapore. The company will carry cargoes between North America and Southeast Asia, and from the Far East to North136 words
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547 1976-12-31 12 THREE FORMS OF PARTICIPATION Reuter VIETNAM will soon publish detailed rules for foreign Investment, probably within the next two months, the country's trade representative here said today. Mr. Le Van Mau told Reuters he expected the code to set out a tax structure andReuter - 547 words
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417 1976-12-31 12 Reuter PEKING, Thurs. Troops have been helping to quell armed conflict, looting and sabotage in the strike-torn northern Chinese city of Paotlng, reliable sources here said today. "The simmering political unrest in Paotlng earlier this year reached the level where factories were blown up,Reuter - 417 words
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309 1976-12-31 12 THE abalone market in Singapore, which annually accounts for over $10 million in sales, is likely to run into severe supply difficulties this year. Market sources say that bad weather and political and economic problems In Mexico have caused this major abalone producer to309 words
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816 1976-12-31 12 KUALA LUMPUR, Thurs. More than two million wage earning workers will be guaranteed certain minimum working conditions under new regulations coming into force from Saturday. Compensation in the event of death or injury will also be extended to more than one million workers816 words
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Article85 1976-12-31 12 Reuter MONTREAL, Thurs. The International Civil Aviation Organisation yesterday reported a 10 per cent rise in world airline passenger traffic for 1978. The United Nations agency said the world's airlines this year carried 560 million passengers for a total of 765 billion passenger kilometres. ICAO saidReuter - 85 words
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132 1976-12-31 12 THE newly-inaugurated Automotive Trade Advisory Committee (TAC) was yesterday told of the increasing emphasis which would be placed on training for the equipment maintenance trades. Mr. Ahmad Mattar, chairman of the Industrial Training Board, speaking at the committee's inauguration meeting said that in the coming132 words
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226 1976-12-31 12 Reuter JAKARTA, Thurs. The secretary_gsneral of Amu, Mr. H.R. Davsono, said the group faces difficulties in establishing friendly relation* with communist Indochina. Mr. Darsono was quoted by Antara newt agency as stating yesterday: "We have to be tough in dealing with communist insurgentsReuter - 226 words
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Article180 1976-12-31 12 $12,000 REWARD DEAD OR ALIVE UPI BANGKOK. Thurs. The Thai Government is offering rewards of up to US$5,OOO (S$ 12,250) per man for each of 16 communist insurgents in southern Nakhon Si Thammarat and Surat Thani provinces. The Government announced a sweep through the area two weeks ago after aUPI - 180 words
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311 1976-12-31 12 UPI WASHINGTON, Thurs. A Civil Aeronautics Board lawyer charged yesterday that the Flying Tiger Line gave U5528,604.86 (5568,649) In corporate cash, gifts and free aircraft use to American politicians and foreign dignitaries between 1989 and early 1976, but illegally recorded the payments asUPI - 311 words
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Article358 1976-12-31 12 Reuter BANGKOK, Thurs. A spokesman for Air Slam Airlines, which will close down its business temporarily from Saturday, said today that outstanding tickets worth abouf* 100 million baht (512.25 million) had been sold by the company. "Those passengers who have bought the tickets willReuter - 358 words
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130 1976-12-31 12 MR F. D. van Loon, representative of the Inter Alpha Banking group In Singapore, yesterday confirmed that his bank had been granted a merchant banking licence by the Monetary Authority of Singapore but said that- it needed an Asian Currency Unit licence before It could operate130 words
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Page 12 Advertisements
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Advertisement51 1976-12-31 12 -IT' I>l l V/ 5 s Si S-™ Sa\ Was Kf ,s?f !*-»«>* £tf Chivas Regal Scotland's prince of whiskies It's waited 12 years for you. Another fine product brought to you by IH (priwM)Kd ITS. MJMI TIMAH HOAI>. »«l SINf, APO*E 10 TEL M**)) PO Bant 202). KUALA LUMPUR51 words
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Advertisement91 1976-12-31 12 ►> ».T 7?*> ('J. \ovs j I rem h restaurant that truh tldtH rs vour tdste tor the finest. In tiHhl. s< r\ i<.< ami vj 11 n-1 enteridinrnent. Dine In on exquisite I rench tari \rui ilaike to soft musii l>\ lh> MeKedere I no. < inn I o91 words
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