The Business Times, 7 October 1976
1976-10-07
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The Business Times
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Title Section10 1976-10-07 1 BUSINESS TIMES M.C.(P) 1455/76 THURSDAY, OCTOBER 7, 1976 50 CENTS10 words
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NEWS SUMMARY
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Article72 1976-10-07 1 AP BRUSSELS, Wed. The Common Market Commission has expressed to Japanese authorities Its concern about growing Japanese steel exports to the European community. Although there Is no formal agreement on limited exports from Japan, an understanding between Japanese and European steelmakers set the limit at 1.22 millionAP - 72 words
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Article53 1976-10-07 1 Chances are Reuter LONDON, Wed. The British Conservative Party was 13 to 8 favourite with London bookmakers to win Britain's general election after some substantial wagering yesterday. The Labour Party Is at 5 to 4 against. But odds of 3 to 1 are being offered against an election taking placeReuter - 53 words
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Article71 1976-10-07 1 Reuter AUCKLAND, Wed. An unused luxury airliner owned by the late billionaire Howard Hughes has been bought by a New Zealand domestic airline, Mt. Cook Airlines, for Just over NZ$l million (552.4 million). The Hawker-Slddeley 748 turboprop, now stripped of its lavish furnishings, has been in aReuter - 71 words
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Article59 1976-10-07 1 Reuter MANILA, Wed. Eight of the 13 Opec countries said today they planned to donate the profits of their share of the IMF gold sales to the poor countries. Opec spokesman Hamld Zaheri of Iran said the combined profits would be more than US$2O million ($49 million)Reuter - 59 words
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Article40 1976-10-07 1 MANILA, Wed. Five nations have publicly backed the move to unseat Taiwan and put China Instead In the membership of the World Bank and the IMF. They are India, Pakistan, Bangladesh, Nepal and Tanzania. SEE PAGE 240 words
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Article39 1976-10-07 1 Reuter KUALA LUMPUR, Wed Sri Lanka Finance and Justice Minister Felix Bandaranalke will arrive In Malaysia on Saturday for a visit during which he will discuss bilateral matters and relations among non-aligned countries with Malaysian leaders.Reuter - 39 words
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Article35 1976-10-07 1 Reuter HONGKONG, Wed A group of officials from the United Nations Development Programme (UNDP) is currently visiting Vietnam to negotiate aid for the country, the Vietnam News Agency reported today Reuter.Reuter - 35 words
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Article29 1976-10-07 1 LONDON, Wed At 3 p.m. today, the Financial Times index was down 9.2 at 310.1 approaching a further closing low for over a year.29 words
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Chief Price Changes
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Article, Illustration184 1976-10-07 1 THE Singapore stock market lapsed Into easier conditions yesterday with most shares ending In minus territory. The Business Times index fell 4.23 points to 263.39 while the Straits Times Industrial average was off 1.88 points at 264.84. Foils Most octiri OCBC 810 MAA 135 UOB 394 Pan184 words
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Article109 1976-10-07 1 Foils Most active N. Serendah $2.02 -.13 Malayan Credit 187,000 D Keramat $4.60 -.10 JC-MPH $1.02 -.08 Slme Darby 111,000 Pan Electric $1.96 -.08 Pan Electric 104,000 William Jacks $1 35 -.07 General Lumber 81,000 Sime Darby D B.S. $3.76 $3.96 -.06 -.06 Total Turnover. 1.38 M109 words
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890 1976-10-07 1 GOH ENG KIE - OFFER LIKELY TO STIR MORE CONTROVERSY •y GOH ENG KIE MR. CHO Jock Kim's offer to buy back the public's shareholding In Far Eastern Hotels Development may trigger fresh embarrassing problems instead of putting an end to them. This is the general feeling890 words
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Article149 1976-10-07 1 AP PARIS, Wed. Traffic jams, power cuts and factory shutdowns are expected across France tomorrow as workers plan a nationwide strike to protest the Government's tough antiinflation plan. The plan, announced last month by Premier Raymond Barre, includes higher taxes, wage guideline* and a limited priceAP - 149 words
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Article751 1976-10-07 1 SOH TIANG KENG - »y SOH TIANG KENG MANILA, Wed. The World Bank the "sugar daddy" which doled out US$5 billion to needy nations last year is swallowing some bitter medicine. It is now becoming the favourite whipping boy of many developing nations during the joint World751 words
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Article228 1976-10-07 1 SINGAPORE Airlines Is planning to raise <300 million In the international capital markets to finance development of its new facilities at Changl Airport. It will kick off with a $50 million bond Issue early next year, and this will very likely be followed by issues228 words
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Article283 1976-10-07 1 BANGKOK, Wed. The military seized power In Thailand at 6 p.m. today In a lightning coup following a bloody battle between armed police and leftist students at Bangkok's Thammasat University. Late tonight, the new military rulers said that Prime Minister Benl PramoJ had been put under283 words
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115 1976-10-07 1 TWO THIRDS of the year has passed and the expected expansion in bank loans has not taken place, despite an easier credit system. Loans and advances from cbmmerclal banks have only inched forward from July to August this year, as in the preceding months.115 words
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Article303 1976-10-07 1 Reuter LONDON, Wed. The pound sterling came under strong new pressure today and by midday stood at record lows against other key European currencies. Against the US dollar, the pound fell to just below 1.64. This was two and a half cents down from theReuter - 303 words
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Article407 1976-10-07 1 ABOUT 46 per cent of the accounts at Citibank's personal banking department running into four figures will be affected by its new policy. Although the initial impact will be the closing of a substantial number of accounts with the bank, the loss in dollar terms is407 words
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Article213 1976-10-07 1 Reuter BRIGHTON, Wed A former Conservative Prime Minister Mr Edward Heath, finally throwing his weight behind the present Party leader Mrs Margaret Thatcher, today declared that Britain has come to the end of its present road and must face hardship to restore foreign confidence inReuter - 213 words
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Page 1 Advertisements
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Advertisement50 1976-10-07 1 Colour TV is simply great SEE THIS PAGE SEE PAGE 2 Overaeu\TV 4 Radio Pf 2 Commodities Oven«ai\F«aturea Pf 3 Transport A CoinLocal Co. New. Pf 4 munication. Foreign Co. New. Pf 5 Feature. Local Stocks Pf 6 News Feature. Overseas Stocks Pg 7 Foreign A local News Pf 1250 words
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Advertisement108 1976-10-07 1 SEE PAGE 2 Banking services? ACBC makes it easy. ACBC has the resources, the expertise and the experience. And it all adds up to making banking easy for you. On a complete range of banking services. Both domestic and international! You'll find our people easy to talk to. You'll like108 words
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Advertisement108 1976-10-07 1 WHISKY 100% SCOTCH WHISKIES blended and bottled in Scotland under Government Supervision Imported by Cold Storage mw s 0* J < 4 0 t i ft "0" m f0 0 0 P totm> «<. A SLA offers the first Boeing flight into Medan every day from Singapore. Depart Singapore at108 words
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OVERSEAS
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Article231 1976-10-07 2 Reuter WASHINGTON, Wed. A Congressional report yesterday criticised aspects of the US military operation last year to free the container ship Mayaquez and its 40man crew from Cambodia. President Ford's election campaign advertisements have cited the Mayaquez incident as an example of his skill in foreignReuter - 231 words
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1004 1976-10-07 2 FORD, CARTER HAVE PLENTY TO ARGUE ABOUT AP SAN FRANCISCO, Wed. From a distance, President Ford and Democratic Presidential candidate Jimmy Carter have waged a sharp, sometimes bitter dispute about American defence and foreign policies. So there is plenty to argue about today ifAP - 1,004 words
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346 1976-10-07 2 UPI LUXEMBOURG, Wed. European Common Market Agriculture ministers failed to reach agreement yesterday on whether to end or continue a controversial deposit charge on soy bean imports which has caused friction with the United States. Unless the ministers reach agreement at aUPI - 346 words
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Article43 1976-10-07 2 Reuter TOKYO, Wed. Japan will have a poor rice crop of 11.9 million tonnes this year, compared with last year's bumper crop of 13.1 million tonnes, owing to bad weather, the Ministry of Agriculture and Forestry said today. Reuter.Reuter - 43 words
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279 1976-10-07 2 UPI LONDON, iWed. The government-subsidised British Leyland Motor gave 18,000 usatl workers at its Longbridge, Birmingham, plant an ultimatum yesterday that unless they improve productivity, accept mobility of labour and end unofficial strikes, their jobs were in danger. Mr. Dereh Whittaker. managing director ofUPI - 279 words
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247 1976-10-07 2 AP PARIS, Wed. British exports of automobile products to her European Common Market partners rose 100 per cent in the first three yeara of membership, a senior motor industry figure said here yesterday. Mr. David Plastow, managing director of Rolls Royce Motors snd presidentAP - 247 words
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Article541 1976-10-07 2 UPI TEHRAN. Wed. Iran's crude oil production hit an all-time high of 6.4 million barrels a day during September, according to official figures released today. The figures released by the National Iranian Oil Company, however, showed that even with the high production levels, suppliesUPI - 541 words
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Article278 1976-10-07 2 Reuter NEW YORK, Wed. Share prices on the New York Stock Exchange have fallen sharply for the past week, reflecting lnvestors's fears that the US economic recovery Is in trouble. On Sept 27, the closelywatched Dow Jones index of 30 industrial stocks stood at 1009.31.'Reuter - 278 words
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Article, Illustration389 1976-10-07 2 AP Reuter PARIS, Wed. Premier Raymond Barre attacked critics of his antl-Inflation plan as he opened debate In the National Assembly yesterday, but Socialist leader Francois Mitterand fought back, saying the programme hurts the working man most and that the opposition will call for a vote ofAP; Reuter - 389 words
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Article232 1976-10-07 2 UPI LONDON, Wed. It looks as though 1976 may be the year that reversed the rising trend in the tanker surplus, latest figures in the World TankeT Fleet Review published by John I. Jacobs and Co., shlpbrokers, showed yesterday. While it is true that the commercial fleetUPI - 232 words
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Article280 1976-10-07 2 AP MANILA, Wed. Talks between the United States and the Philippines on future American use of military bases here have moved quietly to Washington, D.C., and risen to ministerial level, US embassy sources said yesterday. US ambassador to the Philippines William Sullivan, chiefAP - 280 words
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220 1976-10-07 2 AP LONDON, Wed. The first cash aid to British farmers suffering from drought was announced yesterday. Agriculture Minister John Sllkin said the price of milk will go up one penny (54.1 cts) for half a litre from January to help pay for £30AP - 220 words
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Article30 1976-10-07 2 AP SEOUL, Wed. Westinghouse Electric International has agreed to build South Korea's second nuclear power plant for US$555 million (*****5 million), the newspaper Seoul Shinmun reported yesterday. AP.AP - 30 words
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217 1976-10-07 2 UPI MANILA, Wed. Australia will In future sit on -all working meetings of the Group of 10 The IMF's grouping of rich Industrialised nations, without actually becoming a member of the group, group officials said today. Australian officials said the decision was "what weUPI - 217 words
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Article223 1976-10-07 2 Reuter. MANILA, Wed. Mexican Central Bank General director Ernesto Hurtado said here that the devaluation of the Mexican peso was more than sufficient to restore the competitiveness of the Mexican economy. Hie told the IMF annual meeting "Neither the timing nor the magnitude of the exchange rateReuter. - 223 words
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638 1976-10-07 3 Reuter DETROIT, Wed. The United Auto Workers Union said it reached a tentative contract agreement with Ford Motor Company to end the three-week-old strike. The union said its executive board will meet tonight to ratify the agreement. No details were announced, pending the executiveReuter - 638 words
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92 1976-10-07 3 Reuter BANGKOK, Wed. Thailand's trade deficit fell to US$l99 million in the first half of this year from US$474 million in the same 1975 period, according to Commerce Ministry figures. First half exports rose to US$l.53 billion from US$l.2O billion a year earlier,Reuter - 92 words
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Article95 1976-10-07 3 Reuter PRETORIA, Wed. South African gold holdings dropped 0.5 million rand to 375.1 million last week, the Reserve Bank said. Total gold and foreign reserves rose 2.4 million rand to 685.8 million. The bank said in its return for the week ended Oct. 1 thatReuter - 95 words
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Article41 1976-10-07 3 Reuter MANILA. Wed. Queei) Elizabeth has approved the appointment of Mr. William Bentley as Britain's ambassador here, in succession to Mr. James Alexander Turpin who Is leaving Manila next month on retirement, the British Embassy here said today. Reuter.Reuter - 41 words
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Article37 1976-10-07 3 AP KOBE, Wed. A Japanese gravel carrier collided with an anchored Singapore Cold-Storage freighter off Kobe harbour early today, resulting in the damage of both vessels, the Maritime Safety Agency said. There were no casualties. AP.AP - 37 words
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166 1976-10-07 3 Reuter HONGKONG, Wed. Hongkong Governor Sir Murray Maclehose said Hongkong's economy will continue to expand at an average real rate of at leaat six per cent a year for the rest of the decade. He told the Legislative Council that Grose DomesticReuter - 166 words
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160 1976-10-07 3 Reuter TOKYO, Wed. Mitsubishi Motor Corporation sakl It plans to sell more of its cars in the European market through Chrysler Corp's network. However, it denied a Japanese press report that Chrysler plans to have Mitsubishi cars assembled at Its subsidiaries' factoriesReuter - 160 words
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Article196 1976-10-07 3 Reuter TOKYO, Wed. The Ministry of International Trade and Industry said it plans to approve the construction of five new oil refining plants with combined daily capacity of 520,000 barrels on condition that they are completed after 1979. The five plants were initially authorisedReuter - 196 words
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Article91 1976-10-07 3 Reuter MIRI, (East Malaysia), Wed. The Royal Dutch Shell Group said it resumed onshore oil prospecting surveys In several areas of Sarawak state. A spokesman said the areas under survey were at Lutong, Pujut, Plasau beach and Kirl River. The company aban- doned land surveys andReuter - 91 words
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Article67 1976-10-07 3 Reuter HONGKONG, Wed. Hongkong Governor Sir Murray MacleHose said Anglo-Chinese relations had continued to be excellent during the past year, and within this framework practical contacts over Hongkong had been like- wise friendly and helpful. "Recent sad events In China have no bearing on this satisfactoryReuter - 67 words
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Article57 1976-10-07 3 Reuter HONGKONG, Wed. United Nations Development Programme (UNDP) officials are currently visiting Vietnam to discuss aid for the country, the Vietnam news agency reported. "The purpose of the visit was the execution of a UNDP plan to provide Vietnam with aid worth U5549.2 million from 1977 toReuter - 57 words
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Article, Illustration736 1976-10-07 3 INGO HERTEL - MILITARY HONOURS AWAIT AUSSIE PREMIER IN JAKARTA TODAY INGO HERTEL Reuter AUSTRALIAN Prime Minister Malcolm Fraser will be welcomed with full military honours by President Suharto when he arrives here tomorrow for his first visit to Indonesia since he took office nine months ago.Reuter - 736 words
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Page 2 Advertisements
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Advertisement209 1976-10-07 2 > Banks Financial Institutions in Singapore YEARBOOK 197* This first-ever Yearbook on Singapore's financial industry took several months to research and prepare. It provides a professional and qualitative definition of the various segments of the industry from commercial banking to factoring and comprises over 335 pages of reviews, financial data,209 words
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Page 2 Miscellaneous
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Miscellaneous253 1976-10-07 2 RADIOS SINGAPORE 5 3.00 p.m. Opening announcements followed by Housewives' Matinee "Chui Fei Yen" (r) Pt. 1 of a Hokkien film 355 General Hospital 435 Intermission 6.00 Opening annoucements followed by Castaway "Sail Ho!" 6JO News in brief 635 Pentas Kanak Kanak (Malay) (r) 7.00 Audubon Wildlife Theatre Coyote Country"253 words
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Page 3 Advertisements
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Advertisement136 1976-10-07 3 BCS9O BCS9O BCS9O PROGRAMMABLE CONTROL UNIT LER TERMINAL V PRINTER PASSBOOK/JOURNAL 1 1 1 1 i lUNKEI RAMO Dataprep's System combines the power of DATA GENERAL'S Eclipse Computer and BUNKER RAMOS Savings and Commercial Banking Terminals. CRT display-stations, passbook printer, document printer, credit-card readers and customeridentification device all under the136 words
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COMPANY NEWS
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Article321 1976-10-07 4 AFTER seeing five years of good profit growth. Setron has moved into a consolidation phase in the current 12 months ending Dec 31,1976. This is the indication given by Its interim results. In sharp contrast to an average annual compound growth rate of 32.5 per cent321 words
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295 1976-10-07 4 JUDGING from its Interim performance, it looks as though the slide in earnings experienced by Sigma Metal will go unchecked for some time to come. For since it was listed on the Stock Exchange of Singapore in November 1973, the pre-tax profit has295 words
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371 1976-10-07 4 WORLDWIDE Holdings Is now planning the sale of its ill-fated investment in Overseas United International which is the subject of current enquiries by the Kuala Lumpur Stock Exchange. This is reported in the interim results which show a group pre-tax loss of M371 words
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456 1976-10-07 4 THANKB to Its excellent portfolio of properties, growth at Hongkong Land Is continuing at a faster pace In the current year. Prospects are that full year net profit will show at least a 14 per cent Increase to $08.5 million and the outlook456 words
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768 1976-10-07 4 MALAYSIA'S most ambitious multimllllon dollar scheme to ensure the future of the country's tin Industry well into the 21st century has ground to a halt because of political and financial problems in Selangor State. Under original plans the second stage of768 words
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Article220 1976-10-07 4 ENCIK Yusof bin Ismail AlHaj has resigned as a director of Termeloh Rubber Estates with effect from Sept 30. The board also announced the appointments of Tan Sri Datuk Hamzah Sendut and Mr. M. Evans as directors with effect from Oct 1. Mr. Thomas L. Erdhuetter, regional220 words
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Article512 1976-10-07 4 Current payment Ex Date Total far Total for Date payable the year previoui year J.C.-M.P.H. 8* Sept. 16 Oct. 7 8* 8* Set. Dredging 40* Sept. 7 Oct 8 40* 7.5* G.E. Life 9* Sept 27 Oct 9 9* 26* Hume (M) 9% Sept 15 Oct. 9 15*512 words
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Article167 1976-10-07 4 POOR profit margins eroded mainly by government control of the selling price of its sweetened condensed milk has again forced Dutch Baby Milk Industries (Malaya) into the red in the first seven months ended July 10, 1976. According to the company's managing director, Mr. J.P.A.167 words
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Article1138 1976-10-07 4 Economist LONDON, Wed. Mr Jim Slater, the British financier who faces 15 summonses under the Companies Act 1948, together with a threat of extradition to Singapore, complained bitterly in a television interview on Monday that money-making is socially unacceptable In Britain. And not without Justice.Economist - 1,138 words
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Article236 1976-10-07 4 UNDER the terms of the scheme for the planned transfer of the residence of Kamunting Tin Dredging from the UK to Malaysia, shareholders would exchange their shares for an equal number of shares in the new Malaysian registered company, according to Kamunting. Application will be made for shares236 words
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Article1222 1976-10-07 4 On October 5 OPTION OCT JAN APL STOCK Alcoa 45 UNTRD UNTRD NOL 57 Alcoa SO 7 1/2 8 3/8 10 57 Alcoa 55 2 1/2 4 3/4 NOL 57 Alcoa 00 3/18 2 3 1/4 57 Am Tel 50 10 1/8 UNTRD UNTRD 60 Am Tel1,222 words
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Page 4 Advertisements
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Advertisement161 1976-10-07 4 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times r A BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia, Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific161 words
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INTERNATIONAL COMPANY NEWS
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270 1976-10-07 5 Reuter MIDLAND. Mich. Wed. Dow Chemical said it expects third quarter earnings to be 85 to 90 US cents per share against $1.16 last time and no longer expects the full year earnings to exceed 1975's $3.41 per share. "Until recently we had expected aReuter - 270 words
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Article239 1976-10-07 5 Reuter LONDON, Wed. Mr. Derek Whittaker, managing director of British Leyland said if employee representatives do not give their total commitment to the new mini car model by tomorrow, the project will be cancelled. He said, "All new capital expenditure requests for the MiniReuter - 239 words
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152 1976-10-07 5 Reuter HONGKONG, Wed Nixdorf Computer should capture at least 25 per cent of the market for small and medium-sized computers in Hongkong by 1978, Mr. Walter Suike, chairman of Nixdorf's agents Zung Fu said. This implies an annual turnover of around HK$4O million, heReuter - 152 words
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Article90 1976-10-07 5 Reuter STAMFORD, Wed. General Telephone and Electronics Corp said its information systems subsidiary is offering a new date base service that allows brokerage firms to display private and public information on a single video display desk unit,. The new service, GTE said, will make internal information,Reuter - 90 words
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Article145 1976-10-07 5 Reuter NEW YORK, Wed. Salomon Brothers said general and limited partners income totalled US$7O million before taxes in the fiscal year ended Sept.3o. In fiscal 1975, Salomon, a non-public partnership, reported $46.3 million in pre-tax earnings. At a press conference, managing partner, Mr. William R. Salomon saidReuter - 145 words
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Article176 1976-10-07 5 Reuter NEW STANTON, PA, Wed Volkswagenwerk may build a stamping plant for auto components in the US, VW chairman Mr. Tonl Schmuecker told a press conference. A US engine plant might become necessary later but the stamping plant will have priority, he added. Mr. SchmueckerReuter - 176 words
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Article123 1976-10-07 5 Reuter NEW YORK, Wed. Third quarter net earnings at General Electric Corp rose from U*****.1 million to $184.8 million, for a ninemonth total of $501 million compared with $360.1 million last time. This gave net earnings per share of $1 (85 cents) for the third quarter andReuter - 123 words
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Article39 1976-10-07 5 Reuter LONDON, Wed. Coupon on this week's batch of one year negotiable UK local authority bonds was raised to 13 per cent from 12*« per cent last week, market sources said. The price remained at par. ReuterReuter - 39 words
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Article192 1976-10-07 5 Reuter ROTTERDAM. Wed. Rijin- Schelde- Verolme Machinef abrieken en Scheepswerven (RSV) said In a statement it expects to make a loss over the whole of 1976 and in 1977 despite a small unspecified profit in the first 32 weeks of the current year. In April theReuter - 192 words
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Article101 1976-10-07 5 Reuter SYDNEY, Wed Concrete Industries (Monier) expects better results from most of its Australian operating divisions in the current year, the company said in its annual report for the year ended June 30. The gradual upturn in the US and Japanese economies should also ensure an Increasing profitReuter - 101 words
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Article53 1976-10-07 5 Reuter BEVERLEY HILLS, Calif, Wed. Signal Cos said it raised its quarterly dividend to 27 W US cents from 25, payable on Dec 10. The new rate raises total cash payment per common share Jo 97** cents In 1976 and establishes a new annual rate of $1.10 per share,Reuter - 53 words
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520 1976-10-07 5 NYT NEW YORK, Wed. A generation ago, investors were accustomed to common stock dividend yields twice those offered by corporate bonds 6 per cent against three per cent was a typical ratio for quality securities of the two types. But bond yields began toNYT - 520 words
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1457 1976-10-07 5 TERRY DODSWORTH - By TERRY DODSWORTH Financial Times LONDON, Wed. International Harvester Is one of the biggest names In the world's heavy truck Industry. Until four years ago, however, the Chicago based company meant very little to commercial vehicle people In Europe, mainly because IH had chosen toFinancial Times - 1,457 words
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Article112 1976-10-07 5 Reuter TOKYO, Wed. The Japanese stock exchanges In Tokyo, Osaka and Nago said they decided to tighten margin trading curbs for Nippon Columbia and Juljiya. The exchanges also said they eased the curbs for Chugai Pharmaceutical and Mitsumi Electric. The ratio will be raised by 10Reuter - 112 words
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Briefly
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Article77 1976-10-07 5 NEW YORK. Wed. Singer expects second half net income will be near the US$3l million earned in the first half despite a less than satisfactory third quarter, Chairman Mr. Joseph B. Flavin told analysts. He added 1976 will be a profitable year for Singer and that 1977 Is expected77 words
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Article87 1976-10-07 5 LOS ANOELES, Wed Atlantic Richfield said It successfully completed the first well to be drilled off shore the Bering Sea. The test well was drilled by Arco for itself and 19 other oil companies 177 km north of Unalaska Island to obtain information on rock type and quality87 words
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Article61 1976-10-07 5 PARIS, Wed. Banque Nationale de Paris has opened a branch In Seoul, South Korea. This completes its branch network in South-East Asia and the Pacific, where it already has branches in Hongkong, Japan, Australia, and Singapore, as well as the west coast of the US and Canada, it said.61 words
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Article44 1976-10-07 5 MELBOURNE. Wed. Myer Emporium has reported consolidated operating profit of A 542.89 million ($35.66 million) for the year ended July 31,1976. It has proposed a final dividend of 5.5 cents (4.75 cents), making a total of lu cents (8.25 cents) for the year.44 words
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Article47 1976-10-07 5 PARIS. Wed. Main French unions called oh members working in the Paris Bourse to strike tomorrow. Together with the Federation de L'Education Nationale they have already called on members in all industries and sectors to strike the same day against the government's plan to fight inflation.47 words
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Article76 1976-10-07 5 HONOKONO, Wed. Ssangyong Cement Industrial of Korea Is to receive a US$35 million five-year syndicated loan, Chase Asia said as joint lead manager with First Chicago Asia Merchant Bank. A Chase spokesman said an agreement has been signed in Washington and Hongkong, and the loan is guaranteed by the76 words
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Article77 1976-10-07 5 PARIS, Wed ThomsonCSF will take over the television sector of Compteurs Schlumberger under an agreement reached between the two companies, the companies said in a joint communique. The move is made to strengthen the position of Thomson-CSF In the video and language laboratory field and help face increasing international77 words
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Article40 1976-10-07 5 NEW YORK, Wed. A group of 18 international banks have met to organise an US$BOO million syndicated credit for Mexico, a Mexican government spokesman announced. The loan is the largest sought by Mexico in the Eurodollar market, he said.40 words
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Article82 1976-10-07 5 FRANKFURT, Wed. Den Danske Bank plans a 70 million mark bond on the German capital market through a consortium led by Mr. Westdeutsche Landes- bank Glrozentrable, primary market sources said. The coupon, maturity and date of signing have not been finalised and will depend partly on the developments82 words
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Article45 1976-10-07 5 Reuter VEVEY. Switzerland, Wed. Nestle Allmentana confirmed press reports it expects consolidated group turnover to rise more than five per cent this year. Last year turnover rose 10 per cent to 18.27 billion francs. Consolidated net profit was 799 million francs (742 million) Reuter.Reuter - 45 words
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Page 5 Advertisements
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Advertisement87 1976-10-07 5 This issue having been completed, this announcement appears for the purpose of record only. YEO HI AP SEIMC3 LTD. HKCO*PO«ATfD IN THE PUBLIC Of SiNGAPOHf) Rights Issue of 3,098,333 shares of Ssl.oo each at a price of 551.55 per share managed and underwritten by Morgan Grenfell (Asia) Limited with the87 words
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Advertisement158 1976-10-07 5 COPYING BREAK-THROUGH on ordinary paper V 'A* 4ilP* ST? **'<■? 1 BP v* t- M 1 Private Limited JHy 30 Floor, Hong Leong Building, Singapore 1. Telephone *****33. Cable: WYMIC. Telex: WYLD RS *****. DT-1200 reiabffity ahead of its time We have ail been waiting for it Now it's here.158 words
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Article1966 1976-10-07 6 SECTION ONE INDUSTRIALS Gr's Gr's 1976 Last div Div y'ld P/E Vol Day Hi«k Low Cotapaay Sale ♦Br- e'rr Hich Low 215 170 Acma 180 unch 12.0N 1.1 6.6 9.0 2 182 180 200 172 Alcorn 206 20.0 1.3 9.7 13.2 100 60 Allied Choc 89*4 +0*1,966 words
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Article1176 1976-10-07 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 1.000 Units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett." Big Board1,176 words
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Article140 1976-10-07 6 SINGAPORE UNIT TRUST? (Muifm' prkm far Oct 7) The Commerce 1.74 1.S3 The Saving Fund 0 96 1.03 8'pore Prof Fund 0.11 O.Mxd 8'pore Security Fund 1.28 1.34 Spore Invest Fund 1.07 1.11 INCOME BOND UNIT (Carnal prioMl INCOME BOND 1.07 1.13 MARA BUMIPUTRA FUND (Maaafar*' price* far140 words
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Article322 1976-10-07 6 S'pore Govt 5 1/2fc Taxable Loan No 2 With A I 1975/lst Dec 1977 (1.000.000) (101.708 101 788) S'pore Govt 5 1/2% Taxable Loan No I With A I 1976/!sth Apr 1978 (1,000.000) (101.458 101.50S) S'pore Govt 6 3/4% Taxable Loan No I With A I322 words
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Article1134 1976-10-07 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 AJlnamata (1 .HOB 2.00 ft). A. Taw (0.40B). A. Chad. I0.UB).1,134 words
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Page 6 Advertisements
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Advertisement28 1976-10-07 6 iiPENGWN f f i M m I' I E M£ jkEf i i n 1 J 1 J "I M MM i 1 *ii -r»« -T r 1 <28 words
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Article610 1976-10-07 7 SENTIMENT remnined generally weak ia moderate tradiag at the Stock Exchange of Singapore yesterday. Operators were still wary sf opening new deals in the absence of any encouraging lead from overseas markets. There were, however, a handfiil of issues that held from steady to firm, mainly610 words
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Article446 1976-10-07 7 THE Kuala Lumpur stock market drifted marginally lower yesterday on a' combination of light stop-loss and stale-bull liquidation. Tuesday's technical reaction which lifted values somewhat proved shortlived as shares opened on a decidedly easier note. There was a brief attempt at rally towards noon but this446 words
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Article837 1976-10-07 7 NEW YORK: Stocks, opyatlnj in the shadow of a yiugglsh US economy, fed sharply on Tuesday, extending the decline to tfx consecutive >ssslon». Treasury Secretary, Mr. William Simon told a bankers meeting In Manila that a slower rate of economic growth in the United States can be expected837 words
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Article267 1976-10-07 7 AMSTERDAM: Bhares were mostly firmer in calm trading on Tuesday. Internationals closed lower led by HOOGOVENS. AKZO was unchanged but other shares in the sector firmed slightly. Elsewhere transportations, banks, insurances. Industrials and trading stocks were firmer. Isolated losers were HVA, DELI, NATIONALS NEDERLANDEN, BOLS and AHOLD. State loans267 words
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Article202 1976-10-07 7 FRANKFURT: The market stabilised on Tuesday, after Monday's poet-election losses and shares closed little changed In thin trading, dealers said. Motors and steels closed generally up to one mark firmer. Bonds on offer Increased and public bond prices fell up to 0.40 marks causing the authorities to take up202 words
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Article366 1976-10-07 7 SYDNEY: the market closed lower on some selling pressure In sluggtth trading on Wednesday. dealers said. BHP fell 22 to $7.40. Auat Guarantee and National Bank shed eight cents each, while CBR lost six to $4.44. The Bank ot New Soutk Wales and Its rights eased, but Myers picked366 words
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Article314 1976-10-07 7 JOHANNESBURG: Golds were quietly firm on Tuesday, although traders showed some hesitancy ahead of the afternoon gold fixing, dealers said. Prices rose sharply In the morning following news of the IMF review of gold auction policy. Financial minings were easier with Can Mia losing 100 cents to 2400. De314 words
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Article121 1976-10-07 7 MANILA: Share prices fell marginally across the board on low turnover on Wednesday. Mining issues led the decline due to lower metal prices but oil issues were little changed ahead of results expected soon from various drilling operations, they said. OCT M Pesos Acoje Mining .017 unch Atlas Con121 words
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Article263 1976-10-07 7 HONOKONO: The market closed sharply lower In more active trading on Wednesday, following the decline on Wall Street overnight and with no buying interest evident, dealers said. The Hang Seng index fell 5.41 points to 400.80. Turnover on the four exchanges soared to $45 42 million compared to $18.20263 words
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Article186 1976-10-07 7 ZURICH: The market ctoeed quietly steady on Tuesday. The Credtt Sulaae Index moved 0.3 point higher to 207.6 OCT M Franca ActtonsSwtMM Alusulaat Br Aluauiaae Rm Brown Bml Br. ClbeOelty Br ClbaOetcr P8 at* Oetcr M. Credit Sulaee Br Credit Sulaae Reg BektrowattBr. HI ISM MO 1575 1300 1006186 words
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Article214 1976-10-07 7 TORONTO: The Toronto market closed In moderate trading on Tuesday with most blue chips tak interactional losses and western oils, merchandisers and pipelines showtng bigger declines. Volume was 1.58 million compared with 1.01 million on Monday. oct at CI Abitibi IS unch Mean MH Algoma 23'4 Bank Mont IS*214 words
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Article295 1976-10-07 7 PARIS: The market eased on Tuesday after the announcement that three main French unions called for a strike at the Bourse last Thursday, dealers said. Foods, metals and chemicals were sharply lower and most other shares lost ground, but banks, hotels and construction* steadied. In the foreign sector, Americans295 words
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Article106 1976-10-07 7 BRUSSELS: The market was lower In very calm trading on Tuesday, dealer*. »ald. OCT 86 Frs FORWARD MARKET Acec Arbed Astur Brascari Bru-Lamb Canpac cock De Beers Ebe* Electrobel Ob-Inno-Bm Qev Hobok Petro Ryl Dutch Sidro SocOen Bel( Sollna Solvay A Tanks UMIn V Mont 316 3420 1196 466106 words
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Article127 1976-10-07 7 MILAN: The market was generally lower, on Tuesday, Influenced by fears over the implications for Industry of tight government economic policies and expectations of higher interest rates, Bourse sources said. OCT N Lire Aoic 485 unch Assoc Oer\ ***** -50 Bailor 960 •14 Centrale 7460 -90 Fiat 1500 -33127 words
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Article81 1976-10-07 7 OCT M Bahts Asia Fibre 1086 unch Bangkok Bank Ml -2 Bangkok Invest 131 unch Bangkok-Metro-politan Bank Bata 3218 Berll Jucker 153 -1 Charoong Thai 1448 -1 Wire Dumex DusltThanl Faber Merlin First Trust Indo-Thal 1858 unch J And J Ho 123 -I Jalaprathan 738 ♦1 Cement Karnasuta 34881 words
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Article387 1976-10-07 7 TOKYO: The market declined sllchUy on Wednesday as blue chip* lost pound following tt* overnight mil ofi Wall Street, rtiiWiri aid. The market average lost 4.«3 to 4.U&.31 with volume of 210 million chares. The Tokyo S K Index closed at 3M.M, up 0.08. The second market was actively387 words
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Article644 1976-10-07 7 LONDON. Wed. The stock market cloeed slightly off the bottom after a sharply lower session, dealers said. The renewed decline In sterling after the higher level of bank lendlnc and the uncertain industrial situation at British Leyland prompted the falls In small selling. At 3 p.m. t{ie Financial Times644 words
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Article85 1976-10-07 7 FINANCIAL TIMES INDUSTRIALS Tuesday 319.3 Monday 323.8 Week ago 336.1 TINS Tuesday 124.99 Monday 121.74 Week ago 116.89 RUBBERS Tuesday 479.91 Monday 474.85 Week ago 471.12 OILS Tuesday 336.97 Monday 340.41 Week ago 353.43 DOW JONES AVERAGE INDUSTRIALS Tuesday £66.76 Monday 977.98 Week ago 994.93 LONDON DOLLAR PREMIUM Tuesday85 words
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Advertisement304 1976-10-07 7 Ves, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasarmalam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, W entertaining in a wholesome way, highly educational quite unlike the type that merely appeals to304 words
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COMMODITY REPORTS AND PRICES
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Article606 1976-10-07 8 A BURST of nervous shortcovering, possibly Influenced by Thailand's internal problems, boosted K" :es in the Singapore rubmarket yesterday. November RSS one rose to a peak of 207 cents after opening at 204.50 cents. Trading was moderate. October RSS one buyers finished the morning at 204.50 cents per606 words
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Article101 1976-10-07 8 DAILY SSR and SMR prices at noon yesterday: R.A.9. Oct. Not. (Camat Mth) (Forward Mtfc) Buyers Mlsrs Buyers Seller* (easts per k<) <«es its P«r kg) SSR 20 (1-ton Pallets) 186.00 188.00N 187.00 188.OON SSR SO (1-ton Pallets) 183.50 189.SON 184.50 U6.50N M.R.E.L.B Now. DK. SMRSCV (1-ton101 words
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Article252 1976-10-07 8 THE Straits tin price in Penang yesterday remained unchanged at $1,200 per picul on an official offering up 231 tonnes to 655 tonnes. The overnight London metal price slipped £4 to £4987 per tonne according to Its forward buyers' quote. LONDON, Wed. Tin advanced by £80 for Cash252 words
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Article31 1976-10-07 8 Robber: Oct. t. Singapore: Oct. 204.50 cU. (up 4.00 cU.) Malaysia: Nov. 211.00 eta. (up 4.00 eta.) Tin: $1,200 (up 50 cents) Official offering: 655 tonnes (up 231 tonnes),31 words
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Article219 1976-10-07 8 QUIET and dull conditions prevailed in the Singapore gold market yesterday with no new factors to influence the market. The kilo bar was quoted at 559,190 and closed at $9,150. The London quote was virtually unchanged during the day at US$ll5/115.40 and the morning fix was U*****.75 up 30219 words
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Article234 1976-10-07 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY Coconut Oil: Bulk 871 sellers, old drum 876 sellers, new drum 881 sellers. Copra. Mixed (loose) UK/Cont 845 buyers. Pepper: Muntok AST A white fob. 100% NLW 8292* sellers. SARAWAK white f o b. 96% NLW 8277* sellers.234 words
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Article398 1976-10-07 8 LONDON, Wed. Copper wlrebars finished with minor losses of £1 per tonne for Cash and £0.50 for Three Months. The market displayed overall steadiness from covering against currency considerations and pockets of European physical offtake in the morning tended to offset the rather poor performance of New N York398 words
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Article215 1976-10-07 8 LONDON, Wed. Silver recorded gains of o.Bp to 3.0p per troy ounce. The overnight performance at New York was pushed aside on a market Influenced by currency considerations, dealers said. Values were marked up at the outset on weak sterling and values thereafter held around the higher levels In215 words
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Article71 1976-10-07 8 LONDON, Wed. Zinc was £0.50 down for Cash and about £0.25 up for Three Months. This metal fell back from a pre-market high of £433 per tonne for Three Months under light liquidation and hedge selling which, some dealers felt, partly reflected the half cent per lb reduction by71 words
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Article104 1976-10-07 8 LONDON, Wed. Lead was about unchanged for Cash and tO. 50 higher for Three Months. The market was well maintained on currency' considerations and the general tone although the recent buying Interest appeared to have lost some of its Impetus, dealers said. Three Months traded up to £305 per104 words
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Article109 1976-10-07 8 LONDON. Wed. Terminal opened steady but dealings were rather thin which dealers felt reflected lack of fresh sugar news coupled with currency uncertainties. At the end of the opening call, values were £0.60 lower to unchanged. Sales totalled 726 lots. In NEW YORK on Tuesday, In quiet mid-afternoon dealings,109 words
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Article111 1976-10-07 8 HONGKONG, Wed. The market was steady with prices up 30 cents to 80 cents. The day's turnover totalled 371 tons comDrtslng Thais 109, Kwangtungs 176 and Australia* 86. Arrivals were from Australia 327 tons and Kwangtung 436. Closing prices.: Thai white 100 per cent old crop Ist class 109.50111 words
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Article35 1976-10-07 8 LONDON, Wed. The Robusta terminal at the opening call was irregularly higher with speculative buying and shortcovering interest pushing all prices to new highs before profit taking halted the advance. Sales totalled 272 lots.35 words
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Article62 1976-10-07 8 The Malaysian Minister of Finance has fixed these rates for the period from Oct. 7 until further notice: Rubber 88% cts a lb. Copra $720 a ton. Palm kerne) $235.25 a ton. The rates of duties payable are: Rubber 9% cts a lb. (Surcharge sVfc cents a lb).62 words
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MONEY AND EXCHANGES
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Article598 1976-10-07 8 THE Singapore domestic money market saw Interest rates fall as a flush money situation reappeared In the Interbank system yesterday. Opening at 3Vt per cent level In the morning, overnight funds saw few initial deals transacted at that level as the rates continued their decline throughout the day. Before598 words
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Article158 1976-10-07 8 Asian rates ASIAN currency deposit interbank a I at close on Oct. U8 Dollar* (Spot) Offer Bid 7 days 4 V4 4 5/8 1 mth S 1/16 4 15/16 2 mths 3 mths 5 5/8 5 1/2 6 mths 5 7/8 9 mths 6 5/1# 6 3/16 12 mths 6158 words
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Article50 1976-10-07 8 RANGE of price* offered by discount houses on Oct 6 Overnight 2ft 3ft Call deposit 3 to 3 ft* CMm Buysell 3- Month Treasurer bills 33/16 31/1* 3-Month Bank bills 4 V8 41/4 3-Month CD 4 9/1# 4 7/16 6-Month CD 9 4 7/8 Source: National Discount Co.50 words
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Article147 1976-10-07 8 Euro rates LONDON, Tues Trading In Eurodollar deposits was initially quiet, dealers said. Fixed dates opened lower reflecting the Friday dealing technicality while short dates were also easier because of the US Colombus Day holiday on October 11. The weekend rate was quoted at 1-7/8 1-3/4 while the week opened147 words
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Article39 1976-10-07 8 THE Monetary Authority of Singapore (MAS) invites banks and discount houses to tender for a total of $40 million 91-day Treasury bills from Oct 11 to Oct 15. Each tender must not be less than $250,000.39 words
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Article50 1976-10-07 8 Minimum lending rates (in Citibank HKS8C 7' lrxJo»u«z Moloyon Bonking 4 Mitsui Bonk OCBC OUB j Alg*r*n« Bonk Bangkok Bonk Bonk of Amtrica Bonk ot China Sank of Tokyo Bonk Nagora Indonsuo 7 7V* 7 7 V4 7 7 1 .7 UCB 7V DBS Firtt Chicago 7 UM8C 7\ uoe50 words
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Article208 1976-10-07 8 Reuter TOKYO, Wed. Japanese steel makers are proposing to US collieries to conclude longer term supply arrangements for US steel-making coal to Japan, instead of the present annual Import deals, a Nippon Steel Corp spokesman said. He said a negotiating group from the Industry hasReuter - 208 words
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Article156 1976-10-07 8 Reuter DACCA, Wed. Bangladesh will host a sevennation conference on Jute to be held here from October 7 to 10 aimed at working out a collective strategy to maintain world Interest in Jute and allied fibres. The meeting, sponsored by the UN Economic and Social CommissionReuter - 156 words
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Article527 1976-10-07 8 LONDON, Wed. Sterling extended an overnight decline In US trading and fell more than two cents below its London closing level In early trading, touching U551.6410/30, while the mark led European currencies In a rise against the dollar. The Bank of England's effective sterling depreciation rate widened to a527 words
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Article239 1976-10-07 8 NEW YORK, Wed. The dollar closed weaker as the mark, aided partly by sterling's liquidation and renewed expectations of a European joint float realignment, firmed sharply, dealers said. Sterling's drift lower in Europe accelerated in the thin market here, helped by squaring of long sterling Eositions off-loaded by239 words
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Article123 1976-10-07 8 TOKYO, Wed. The dollar for overnight delivery closed firmer at 287.80 yen, compared with 287.35 at the opening and at Tuesday's close. It firmed In fairly active trading on covering to meet Import settlement needs, with slow sales of dollar export bills by traders to banks, dealers said. Belief123 words
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Article33 1976-10-07 8 HONGKONG banknotes quoted on Oct 6: US 4.85/4.87 UK 8.05/8.15 Burma 2.00/2.50 India 4.40/4.70 Indonesia 1.12/1.16 Japan 1.685/1.695 Korea 0.90/0.95 Philippines 0.595/0.625 Singapore 1.96/1.98 Malaysia 1.92/1.94 Brunei 1.925/1.945 Thailand 24.30/24.60 Taiwan 12.35/12.65.33 words
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Article50 1976-10-07 8 AUSTRALIA/NZ exchanges quoted on Oct 6 Australia: Sterling 0.7555/0.7477 US dollar 1.2442/1.2392 Ninety day air mall buying rates: Sterling 0.7883, US dollars 1.2726 Ninety day forward buying rates: Sterling 0.7665, US dollars 1.2281 New Zealand: Sterling 0.5870/0.5836 US dollar 0.9811/0.9711 Ninety day forward rate Sterling 0.6300, US dollar 1.000850 words
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Article39 1976-10-07 8 ZURICH exchanges quoted on Oct. 5 US 2.4548-4558 UK 4.0815-0855 Can 2.5180-5200 W'germ 100.36-45 Neth 96.24-34 France 49.73-78 Belg 6.55-3/4-57 Denm 41.69-74 Norw 46.14-17 Swed 57.66-71 Italy 0.2911-2919 Austria 14.14-17 Port 7.8790 Spain 3.61-1/2-62 Arg 1.25-2.25 Japan 0.85-1/4-85-3/439 words
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Article305 1976-10-07 8 LONDON, Tues. Straight bonds were steady In quiet trading, dealers said. Prices were virtually unchanged with Inquiries slow to develop. Dealers said operators may be holding back to see If activity in the primary sector will pick up. Convertible bonds were similarly dull with mixed trading in Japanese305 words
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Page 8 Advertisements
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Advertisement132 1976-10-07 8 OPERATION 6 mi the Entebbe raid EXCLUSIVE STORY OF WHOLE ENTEBBE AFFAIR MOST EXCITING FEAT OF ARMS FOR DECADES. PROVIDES FACTS NEVER BEFORE REVEALED. A PENGUIN SPECIAL. K the raid which amazed the world by its expertise and daring. Then comes the fascinating account of those preparations, which took four132 words
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759 1976-10-07 9 ARTHUR SANIDLES - By ARTHUR SANIDLES Financial Times AIRLINES throughout the world are facing ♦government and travellers with three choices for the next few years. Fares must go up, governments will have to pUmp more money Into the Industry, or private airlines must be nationalised. The alternativeFinancial Times - 759 words
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401 1976-10-07 9 Reuter TEL AVIV, Wed. An Israeli engineer has designed what he claims Is the world's first solarpowered car, and predicts that In 10 years the country will be dotted with fuel stations where drivers will fill up on sunshine. The small, two-seater car looksReuter - 401 words
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368 1976-10-07 9 THE NMt Am ever the arspissl 50 per out natal hike by the Juroag Town Corporatioa ■kinrtrdi •bated i—iwkt with JTC*s fcririw to lower it by half. Bat right on the tip of eae's toagw to the queetien whether eves a 25 per cent368 words
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499 1976-10-07 9 SHIPS WILL BE DIVERTED TO STORE PROM OCT 15 TO 30 PORT KLANG container wharves will be closed from Oct. 15 to Oct. 30 (or repair work on wharf piling. Endk Harun Din, deputy director-general of Port Klang, said all container consignments499 words
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Article76 1976-10-07 9 BIX Alaskan native corporations and Seatraln Lines Inc. have formed a Joint venture to transport petroleum products between Alaska and the lower forty-eight states of the United States. The new company, Alaska Consolidated Shipping Inc., Is owned 51 per cent by the six Alaskan native core rations and76 words
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Article, Illustration173 1976-10-07 9 IN KEPPEL WHARVES: Altalr 33/4, Chen? Vllja (B. Barge) 48, Golden Source 25, Hongkong Burety 38/39, Jalakanta 48, Kenlngau 20, Perak 21 East, Ocean Hope 8/7, Rajah Brooke 21 West, Sun Bright 8/9, Welsh Troubadour 27/28. CONTAINER PORT: Maersk Rando 52, Prlmorle 52. SEMBAWANG PORT: Bagus B/5,173 words
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Article76 1976-10-07 9 AP JAKARTA, Wed. Italy and Indonesia signed a new air agreement yesterday allowing the two countries' flag carriers, Alitalia and Oaruda Indonesian Airways, each two overflights and two landings a week In Rome and Jakarta. Director General for Air Communications Kardono said the talks, which started lastAP - 76 words
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Article42 1976-10-07 9 AP. TOKYO, Wed. The Japanese Shipowners Association said today It has asked the Transport Ministry the lodge "a stern protest" with the Australian Government for the blocking of four Japanese freighters from leaving Newcastle Port by Australian dockworkers recently.AP. - 42 words
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Advertisement659 1976-10-07 9 Confront Singapore's decision makers in Business Times for only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who659 words
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Article, Illustration861 1976-10-07 10 LEE SIHO - By LEE SIHO Reuter SOUTH Korean Government economic planners are pondering what they should do w}th a dazzling growth rate this year which has beaten all prediction and upset official planning. All signs are that this year's growth will be close to the levelReuter - 861 words
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512 1976-10-07 10 TERRY STAYTE - By TERRY STAYTE Reuter SOARING world coffee prices are making the primitive coffee-growing hillmen from villages in the western highlands of Papua New Guinea some of the wealthiest farmers in the country. The price Increases have been caused by the devastation ofReuter - 512 words
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Article, Illustration743 1976-10-07 10 BERNARD WEINRAUIS - By BERNARD WEINRAUIS NYT OUNNAR Myrdal says that the recent Swedish elections are Irrelevant. He Insists that the Swedes are buoyant and happy people, that the welfare state has produced genuine contentment and that the nation's critics are often fools. The feistyNYT - 743 words
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562 1976-10-07 10 DIANE HENRY - By DIANE HENRY NYT AFTER six years as a government lawyer on Capitol Hill with the small business administration and the Department of Agriculture John Albert Knebel decided last year that he had had enough, and he was going to return to a more lucrativeNYT - 562 words
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469 1976-10-07 10 JUAN DE ONIS - By JUAN DE ONIS NYT ARGENTINA Is making a rapid comeback from the economic anarchy of six months ago, when the armed forces overthrew President Isabel Martlnee De Peron. The industrial recession that rocked manufacturers between May and July, when demand fell by up toNYT - 469 words
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Advertisement363 1976-10-07 10 The first new idea in encyclopaedias in over 200years-Britannica 3 Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. (see below) That's what makes it the most useable reference work ever developed. That's why Britannica 3363 words
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872 1976-10-07 11 THE IMF WORLD BANK TALKS IN MANILA YESTERDAY NYT MANILA, Wed A broad spectrum of developing countries represented at the International Monetary Fund-World Bank Conference this week believe that having agreed to a wide range of compromises in the Jamaica agreements early this yearNYT - 872 words
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Article144 1976-10-07 11 UPI THE IMF announced today the fourth auction of gold for the IMF trust fund will be held Oct 27. A spokesman for the fund said terms and conditions for the fourth auction will closely follow those of the third, at which the average bidUPI - 144 words
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Article334 1976-10-07 11 Reuter POLITICS intruded today in the business of the World Bank and IMF conference, with a Pakistani call for the expulsion of Taiwan and the usual boycott of Israel by the Arab nations. But there was no emotionalism and no t me was wasted. TheReuter - 334 words
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Article126 1976-10-07 11 UPI. THE World Bank yesterday elected six new executive directors and re-elected nine others. The new directors are: Mr. Said El-Naggar of Egypt, Mr. Julio Gutierrez of Paraguay, Mr. A. Looijen of the Netherlands, Mr. Einar Magnussen of Norway, Mr. Eduardo Pesqueira of Mexico and Mr. TimothyUPI. - 126 words
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378 1976-10-07 11 Reuter PAKISTAN today told world financial leaders that the oil exporting countries are giving a more generous share of their wealth in development aid than the industrial countries. Pakistani Finance Minister Rana Mohammad Hanif Khan said the Organisation of Petroleum Exporting Countries (Opec)Reuter - 378 words
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250 1976-10-07 11 Reuter AUSTRALIAN Treasurer Phillip Lynch called on both rich and poor nations to apply more discipline in the way they managed their economies and warned that available international aid was not bottomless. Speaking at the joint annual meeting of the IMF and World Bank,Reuter - 250 words
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Page 11 Advertisements
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Advertisement249 1976-10-07 11 APPOINTMENTS K Consultants (Pte) Ltd. a A itwdMi ot th# Sp*nc*r Stuart Group of CompaniM SENIOR MARKETING DIRECTOR Reference 137-1 A substantial, long-established organisation distributing a large and diverse range of consumer products in Singapore and throughout Malaysia seeks to appoint a top flight marketing man to strengthen its senior249 words
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Advertisement643 1976-10-07 11 APPOINTMENTS LEAOING PROPERTY DEVELOPMENT ORGANIZATION INVITE APPLICANTS FOR THE FOLLOWING POSITION S.1. SENIOR ADVERTISING EXECUTIVE Must have at least five (5) years experience in advertising preferably in both English and Chinese. Candidates should be able to handle independently press release, newspaper advertisements, edit and publish advertising booklets, pamphlets and brochures.643 words
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Advertisement626 1976-10-07 11 JKI i L 1 a BRIGHTER FUTURE in ACCOUNTANCY with FOULKS LYNCH Founded over a century ago, Foulks Lynch the specialists in accountancy education have tutored over 150,000 students around the world to success in the various accounting examinations. You too can be one of them. Now FOULKS LYNCH courses626 words
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Advertisement431 1976-10-07 11 THE TRADE MARKS ACT (CHAPTER 3K) This advertisement appears by directions of the Registrar of Trade Marks under the Provisions of Section 42(7) of the Act. NOTICE Is hereby given thai the following Trade Mark registered in the name of Estee Lauder Cosmetics Ltd., of 207 Queens Quay West. Toronto,431 words
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468 1976-10-07 12 SLATER, Walker Securities, a name which has stood In Its time for the very best In Investment reputation and the worst in financial mismanagement, is a name which is to be consigned to the history books. If shareholders approve the proposal to be put468 words
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306 1976-10-07 12 UPI AP JOHANNESBURG. Wed. Arrangements to set up an interim government for Rhodesia were "on course" and Rhodesia's black and white leaders have agreed to a date and venue, a senior British Foreign Office envoy said yesterday. Mr Ted Rowlands. British Foreign Office MinisterUPI; AP - 306 words
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Article169 1976-10-07 12 DESPITE the doomsayers, Singapore's property sector had consistently enjoyed buoyant conditions in the first eight months of this year, if figures just released by the Statistics Department are anything to go by. Housing loans made by finance companies increased from $370 million in January169 words
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Article158 1976-10-07 12 THE Far Eastern Freight Conference (FEFC) is planning to nominate Neptune Orient Lines (NOL) as a percentage line. Under the present scheme, NOL is a fixed term line in the Conference. This new scheme, if implemented, will allow NOL to carry more trade between158 words
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120 1976-10-07 12 NST PENANG, Wed. Sabah and Penang may set up several joint ventures, senior state executive councillor Datuk Teh Ewe Lim said today. Two of them might be in Sabah and one in Penang. Datuk Teh said that Sabah's Minister of Manpower and Environmental Development, Mr.NST - 120 words
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Article, Illustration699 1976-10-07 12 HON COMPLAINS OF FALL-OFF IN LOANS THERE Is considerable concern In Singapore over the drying up of aid from the international aid agencies. Underlining this concern was Finance Minister Hon Sul Sen who complained to the International Monetary Fund and World Bank conference699 words
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Article, Illustration243 1976-10-07 12 Reuter AP UPI KUWAIT, Wed. Indonesia has suggested that an extraordinary meeting of oil ministers be held here to check trends of pricecutting in the oil market, the Kuwait Times said today. The newspaper said the suggestion was made in a note fromReuter; AP; UPI - 243 words
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Article346 1976-10-07 12 KUALA LUMPUR, Wed. Malaysian traders who are members of the Associated Chinese Chambers of Commerce and Industry have decided to boycott the Pernas-organised mission to the Canton autumn trade fair. This will mean that the Pernas mission this year will be the smallest in years to346 words
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229 1976-10-07 12 ARRIVALS DEPARTURES FROM PAY A LEBAR AIRPORT Singapore/London/Singapore A D SQ 743A 2030 1100+ QF1 2145 1025+ BA 889 2230 0725+ OA 472 0150 1330 SK 988/BE 607 0745 2005 TO 414/JI465 1810 0725+ TG 982/TG 900 1915 0750+ MH 654/MH 894 1930 0800+ QF1/GF131 2145 0645+ Singapore/Manila/Singapore D A229 words
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422 1976-10-07 12 MALAYAN Credit has put $30 million on deposit with the Moscow Narodny Bank at varying interest rates, according to Informed sources. This is believed to be part of the $33.5 million loan which Malayan Credit recalled from businessman Mr. Ng Teng Fong last month422 words
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Article34 1976-10-07 12 AP MIRI Wed. Sarawak Shell resumed oil prospecting surveys on land in several areas today. The week-long seismic surveys will be carried out at Lutong, Pujut, Plasau Beach and Sungel Mirl. AP.AP - 34 words
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312 1976-10-07 12 Reuter LONDON. Wed. Annual world production of tinplate la likely to rise to 16 million tonnes In the early 1980's from a yearly average of over 13 million tonnes In 1971-75, International Tin Council (ITC) statistician Mr. A. La Spada told the first InternationalReuter - 312 words
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151 1976-10-07 12 NST KUALA LUMPUR. Wed. International oil tanker owners and oil companies using the Straits of Malacca are expected to reply soon to the Malaysian Government's call for a meeting with them to discuss compensation for damage caused by oil spills. According toNST - 151 words
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210 1976-10-07 12 A PRELIMINARY proposal for the Stock Exchange of Singapore to train Kenyan stockbrokers was made by the visiting chairman of the Nairobi Stock Exchange, Mr. Francis Thuo. He said this was made when he met SES officials yesterday. After his visit to the210 words
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Article30 1976-10-07 12 Reuter KARACHI, Wed. Sri Lanka will buy 100,000 tonnes of rice from Pakistan according to an agreement signed here today. Shipment of the rice will start next January.Reuter - 30 words
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435 1976-10-07 12 KUALA LUMPUR, Wed. British industrialists hope the Malaysian Government will exercise "patience and tolerance" In reconstructing their businesses in Malaysia. This message was conveyed here yesterday by the London Stbck Exchange chairman, Mr. Nicholas Ooodison, who is on a fiveday visit to assess435 words
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Article34 1976-10-07 12 ROBIN Shipyard Is being sued by Leun Wah Electric for $57,674. A suit for the amount was filed in the High Court yesterday, allegedly for goods sold and delivered to the shipyard.34 words
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Page 12 Advertisements
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Advertisement50 1976-10-07 12 GENERAL mm ELECTRIC mm* id protect valuable goods and personal belongings from damage due to high humidity wmmm DH 20 $490 Automatic humidity sensor Automatic overflow shut-off Low operating cost No installation cost Occupies only 34 x 47 cm. floor space Fflft|| AT|lfll| 60 ORCHAR D ROAD BBS™" m *****250 words
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Advertisement355 1976-10-07 12 150 th Anniversary of Joh. Achelis Soehne, Bremen During this month the Parent COMPANY OF ACHELIS SINGAPORE PTE. LTD. looks back to 1 50 years active engagement in import, export and general trading. In 1826, the Merchant, Johann Achelis of the Free and Hanseatic City of Bremen, started the Company355 words
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