The Business Times, 13 October 1976
1976-10-13
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The Business Times
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Title Section10 1976-10-13 1 BUSINESS TIMES M.C.(P) 1455/76 WEDNESDAY, OCTOBER 13, 1976 50 CENTS10 words
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NEWS SUMMARY
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Article74 1976-10-13 1 AP SEOUL, Tues. South Korea does not plan to Import any rice next year, the first time since the mid-*****, thanks to a bumper harvest expected this autumn, Agriculture Ministry officials said today. The rice harvest this year Is expected to reach 5,139,000 tonnes, theAP - 74 words
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Article64 1976-10-13 1 AP TOKYO, Tues. Toa Domestic Airlines (TDA) of Japan said today it has signed a contract with McDonnell-Douglas Corp. of the United States to purchase eight DC9 airplanes. TDA officials said one airplane costs about 2,500 million yen (5521.07 million), but they declined to disclose paymentAP - 64 words
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Article53 1976-10-13 1 AP MOSCOW, Tues. Mr. Vladimir Alkhlmov, a Soviet Deputy Minister of Foreign Trade with a background in US-Soviet commerce, has been appointed chief of the State Bank of the Soviet Union, the daily newspaper Pravda reported today. Mr. Alkhlmov, 57, replaces Mr. Mefodll Sveshnlkov, who has retiredAP - 53 words
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Article35 1976-10-13 1 LONDON, Tues. Britain Is to announce tonight the names of black and white Rhodeslan leaders it has invited to attend a conference on Rhodesia's future in neutral Geneva In two weeks' time.35 words
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Article33 1976-10-13 1 AP LONDON, Tues. Share prices rallied on the London Stock Exchange today In moderate trading, and the Financial Times Index of 30 Industrials closed at 293.6, up 7.5 points. APAP - 33 words
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Article53 1976-10-13 1 FRANKFURT, Tues. The West German Bundesbank said today that domestic and export orders placed with industry in August were up 29 per cent from the same month last year. The Bundesbank said overall industrial output in the July-August period rose nine per cent over the comparable53 words
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Article36 1976-10-13 1 SINGAPORE, Tues. The Telecommunication Authority of Singapore will spend more than Ssl billion in the next five years, the bulk of which will be used for expanding the national telephone networks.36 words
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Article44 1976-10-13 1 UPI NEW YORK, Tues. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 942.24, up 1.42; 20 transp 205.07, down 0.25; 15 utils 97.49, down 0.09; 65 stocks 297.17, up 0.13. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration212 1976-10-13 1 TRADING at the Stock Exchange of Singapore yesterday was affected by the easier trend in the Hongkong market following reports of the arrest of Madam Chiang Ching, the widow of Chairman Mao Tse-tung. This triggered a wave of selling in the morning session. The Straits Times Industrial212 words
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Article117 1976-10-13 1 Foils Most octivt O.C.B.C. Simc Darby Haw Par la. Pea. Bouatead P.M.C. M. Flour U. Plant B. Kawat K.L. Iaduatriea Wilkinaon C. Sucara Eaao M. Baahing Cent. Sec. Bolton Bovia $8.10 S3.54 SI.04 SI.50 S3.46 $2 88 SI.95 SI.69 SI 34 $0.55 $3.10 $1.09 SI 62 $2117 words
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831 1976-10-13 1 RONNIE LIM - WHY THERE ARE NOT MORE MEMBERS h RONNIE LIM THE trade union movement has a lot of scope for expansion in Singapore. Despite the übiquitous NTUC and its various enterprises, less than one quarter of the Republic's working population is unionised. Of a working831 words
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141 1976-10-13 1 LONDON, Tues. The second session of the fifth International Tin Council meeting which opens In London today will debate the floor and ceiling prices of tin. It is learnt that Bolivia, one of the major tin producers, wants a review of the floor141 words
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Article, Illustration96 1976-10-13 1 INDIA'S Finance Minister, C. Subramaniam (above) last night called for closer economic co-operation between Singapore and his country. He told a reception here last night: "I hope there will be greater collaboration between our two countries in such fields as electronics, light engineering, consumer durables and others." The96 words
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Article32 1976-10-13 1 UPI BRASILIA, Tues. THE Brazilian Central Bank on Monday announced the 13th "minldevaluatlon" of the cruzeiro this year, dropping its value in comparison with the US dollar 2.21 per cent. UPIUPI - 32 words
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Article671 1976-10-13 1 MR. Cho Jock Kim has offered to step down as chairman and managing director of Far Eastern Hotels Development. However, he will remain on the board of directors to answer any queries or questions which the Stock Exchange of Singapore, or the independent firm of671 words
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Article392 1976-10-13 1 KUALA LUMPUR, Tues. Primary Industries Minister Datuk Musa Hlt&m wilt lead an official mission to China at the end of the month to Improve trade ties between the two countries. Included In the mission are government officials and representatives of the private sector392 words
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Article208 1976-10-13 1 KUALA LUMPUR, Tues. Only one more meeting is necessary between union and Treasury officials to reach understanding on the costing of the Ibrahim Ali Report. Staff side chairman of the National Joint Council. Mr. T. Narendran, said this after a meeting this morning between208 words
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Article95 1976-10-13 1 THE question of whether clerks performing confidential work should be excluded from union representation was posed before the Industrial Arbitration Court yesterday. This dispute arose when Fujitec Elevator Corporation recruited three new employees to undertake the duties previously done by five union members, with the new staff95 words
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Article94 1976-10-13 1 EMPLOYERS and trade unions are generally fighting shy of productivity projects and incentive schemes because of their ignorance about them and fear of committing themselves. This is believed to be one of the reasons prompting the NTUC-organised seminar on 'Maximising the Benefits of Productivity' to be held94 words
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107 1976-10-13 1 Reuter THE HAGUE, Tues. The Dutch Cabinet plans to meet representative* of trades union and employers' federations hopefully on Oct 19 to discuss a wages policy for the second half of 1976, the Social Affairs Ministry said. The meeting will be held on theReuter - 107 words
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Article337 1976-10-13 1 PEKING, Tues. After four days of intense speculation all over the world, an official spokesman confirmed here tonight that Premier Hua Kuo-feng has been appointed Chairman of the Chinese Communist Party. However, there was no confirmation as yet of reports that Chiang Chlng, the wife of337 words
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Article269 1976-10-13 1 THE Chartered Bank Is believed to be close to a decision on developing its main office building at Battery Road. The bank's chief manager Mr G.G. Janes told Business Times that a decision on the high rise project can be expected shortly. Discussions are269 words
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Page 1 Advertisements
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Advertisement329 1976-10-13 1 SK!UJS*~™iiLi§ f Dispense with the usual friis, get the job done quickly and skilfußy Try Manpower for professional temporary heip in >ftices, sales, data processing, stores and other categories Call us today! O MANPOWER *****8 temporary scwvtccs W# "WW SEE PAGE 3 oliveltl V ft, m >* L. The A329 words
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OVERSEAS
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267 1976-10-13 2 Reuter CANBERRA, Tues. Australia's balance of payments as measured by net monetary movements moved into an AS14 million (SS42 4 million) surplus in September from a$141 million (revised) deficit In August, the Statistics Bureau said In a preliminary statement. This compared withReuter - 267 words
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537 1976-10-13 2 ACCELERATED INCREASE IN REAL GDP Reuter SYDNEY, Tues. Prospects of renewed private sector demand for labour and an accelerated increase in real gross domestic product augur well for Australia's economy, the National Bank of Australasia said. Short-term prospects are gloomy, but recent increases inReuter - 537 words
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Article90 1976-10-13 2 AP CANBERRA, Tues. Prime Minister Malcolm Fraser told Parliament today no useful purpose was served by continued repitition of his government's policy on East Timor. Mr. Fraser was replying in the House of Representatives to a censure motion by former Labour Prime Minister Gough Whitlam, theAP - 90 words
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Article30 1976-10-13 2 Reuter RANGOON, Tues. Mr. U Myint Maun, Burma's permanent representative at the United Nations, will be the country's new Ambassador in Peking, the Government announced here today. Reuter.Reuter - 30 words
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Article183 1976-10-13 2 UPI CANBERRA, Tues. PRIME MINISTER Malcolm Fraser, immediately upon his return from a four-day visit to Indonesia, held a late night meeting with US Embassy officials yesterday on President Ford's weekend announcement that the United States will impose quotas on beef imports. At aUPI - 183 words
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Article66 1976-10-13 2 Reuter CANBERRA. Tues. Australian unemployment fell to 264,000 or 4.3 per cent in September from 268,000 (4.4 per cent) in August, compared with 246,000 (4.1 per cent) in September 1975, Employment and Industrial Relations Minister Tony Street said in a statement. The department no longer publishes seasonallyReuter - 66 words
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Article53 1976-10-13 2 UPI TOKYO. Tues. Algeria has ordered 70 bulldozers and other construction equipment worth U555,167 million, (Ssl3 million) from Komatsu to speed up its land development projects, Komatsu officials said. Algeria would pay a large part of the debt with its oil dollars, offiolals of the Japanese construction machineryUPI - 53 words
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Article122 1976-10-13 2 Reuter ATHENS, Tues. Shipping leaders from 19 countries said here today at the end of a three-day conference that the industry is faced with many problems. The presidents of shipowner associations from 15 European nations, and Hongkong, India. Japan and Liberia discussed the general economic statusReuter - 122 words
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267 1976-10-13 2 Reuter MOSCOW, Tues. Norway and the Soviet Union today begin talks on Norway's plan to extend its fishing and undersea rights into a mineral-rich zone strategically important to both Nato and the Kremlin. The talks arise from Norway's intention to declare a 320Reuter - 267 words
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277 1976-10-13 2 AP DETROIT. (Michigan) Tuet. Chances for a quick end to the 28-day-old strike against Ford Motor Company were clouded on Monday as a tentative contract settlement faced rejection by rebellious skilled tradesmen of the United Auto Workers Union. Union leaders have given the 25,000AP - 277 words
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Article63 1976-10-13 2 AP Manila, Tues. Japan Intends to "exert due efforts" to contribute to international Institutions helping countries with balance of payments deficits, an economic aid adviser to Japan's Prime Minister said today. This will come as Japan's international balance of payments improves, Mr. Shigeo Nagano told theAP - 63 words
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426 1976-10-13 2 AP NEW YORK, Tues. If the recent poor showing of the stock market Is any guide, American investors' hopes for economic recovery have undergone a bit of a shakeup lately. The best-known measure of stock price trends, the Dow Jones average of 30 Industrial stocks,AP - 426 words
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Article294 1976-10-13 2 TOKYO, Tues. American businessmen stationed in Asia and the Pacific will meet in Jakarta this week to map out plans to fight a new US tax bill that will affect their Income abroad. The Oct. 15-18 meeting in the Indonesian capital will be sponsored294 words
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Article, Illustration637 1976-10-13 2 AP Reuter ROME, Tues. Italian Premier Olullo Andreottl said in an Interview published today, that Italy was on the brink of disaster and needed to adjust to a new way of governing because he did not intend to "be the undertaker of the country's economy."AP; Reuter - 637 words
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174 1976-10-13 2 AP CAIRO, Tues. Middlemen have been ruled out of all arms purchases by the United Arab Emirates, leaving the Defence Ministry as the only authorised source to buy weapons, an announcement here said yesterday. The Persian Gulf state's army Chief of Staff Awaad Elkadly,AP - 174 words
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Article233 1976-10-13 2 UPI SEOUL, Tues. South Korea is studying a plan to explore oil alone on a continental shelf south of the country if Japan does not ratify soon ag agreement for joint development of the area, a Seoul newspaper said today. The Korea Times,UPI - 233 words
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149 1976-10-13 2 Reuter NEW DELHI, Tues. The third round of talks between India and the Soviet Union to fix an exchange rate between the rupee and the rouble began here today. The exchange rate has been an issue for more than a year. Two previousReuter - 149 words
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Article130 1976-10-13 2 AP BEIRUT, Tues. The Kuwait Qil Ministry and four Japanese firms have agreed to reduce by US$l.5O (553.70) a tonne the prices of liquified petroleum gas for the last quarter of 1976, a Mid East oil journal reported yesterday. The Middle East economic survey said theAP - 130 words
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Article110 1976-10-13 3 Reuter MADRID, Tom. Spain imposed two-month .price freeze on goods and services and will levy special taxes on dieeei fuel and fuel oil usage which exceed 90 per cent and 95 per cent respectively of that consumed last year, Deputy Prime Minister Alfonso Osorto said. In aReuter - 110 words
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Article34 1976-10-13 3 Reuter PRETORIA, Tues. The South African Reserve Bank return for the week ended Oct 8 will be published on Thursday and not tomorrow following yesterday's public holiday, the Reserve Bank saic*.. ReuterReuter - 34 words
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Article488 1976-10-13 3 Reuter ZUEICH, Tues. The Soviet Union has been selling small amounts of gold on the free market since the price rose to around US$l2O in the second half of September, Informed sources said. They said the sales, which appear designed to test the market'sReuter - 488 words
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78 1976-10-13 3 Reuter TOKYO, Tues. Japan's September wholesale price index rose 0.4 per cent to 168.0 (base 1970) from 167.3 in August when it rose 0.5 per cent from July, the Bank of Japan said. The bank said this was the 15th consecutive monthly rise, but theReuter - 78 words
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Article, Illustration212 1976-10-13 3 PEKING, Tues. Rumours were rampant here today that Chairman Mao Tsetling's widow, Chiang Ching, and her three radical proteges in the Chinese Communist Party's Politburo have been arrested by the army here on charges of plotting a coup. As is usual here,212 words
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Article, Illustration664 1976-10-13 3 Reuter PEKING, Tues. Chiang Ching. the widow of Mao Tse-tung now reported arrested in a purge of leftists in Peking, did not emerge as a revolutionary leader in her own right until China's tumultuous cultural revolution of the mid-1960'5. Nearly 30 years after marryingReuter - 664 words
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Article116 1976-10-13 3 Reuter TOKYO, Tom. Japan will Nhah its own prspsssl tor the new iatwunaal round of tariff cut* on Oct 13 to tW multi-lateral trade negotiations in the General Agreement on Tarifb aad Trade ia Geneva, a liwfcwio far the Finance Ministry said. 11m Ministry however,Reuter - 116 words
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Article27 1976-10-13 3 Reuter WINTERTHUR, (Switzerland), Tues. Oebrueder Zulzer AO s&ld it will float a 100 million franc loan In November, with details to be announced later. Reuter.Reuter - 27 words
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386 1976-10-13 3 Reuter FRANKFURT, Tues. The decline In prices of mark foreign bonds following the German national elections last week Is likely to be only temporary, bond dealers and market sources here said. The market retains a steady undertone and the weakness isReuter - 386 words
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Article124 1976-10-13 3 Reuter SAN FRANCISCO, Tyes The United States economy will continue to expand at a fairly even rate at least through the second or third quarter of next year, according to consensus forecast of economists responding to a survey by the National Association of Business Economists.Reuter - 124 words
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Page 2 Advertisements
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Advertisement157 1976-10-13 2 a business deal a trunk call an emergency.... CAN YOU AFFORD TO MISS THIS CALL? Illi- 1 YOUR 24-HOUR ANSWERING SERVICE TheANSAFONE MARK 7 PLAYBACK is an indispensable innovation especially for offices which are at times left unmanned. All recorded messages can be played back even from an outside phone.157 words
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Page 2 Miscellaneous
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Miscellaneous231 1976-10-13 2 SINGAPORE 5 3.00 p.m. Opening announcements followed by Lensa 35 (Malay) (r> (Last in series) 330 Diary of Events (Malay) 335 General Hospital 4.15 Dendang Remaja (Malay) (r) (Last in series) 430 Intermission 5.55 Opening announcements followed by Secret of ISIS "Spots Of Leopard 6.20 Consumers' Guide (English/Malay) 630 News231 words
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Page 3 Advertisements
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Advertisement55 1976-10-13 3 iSr r» <■ s* T?2:: *JI IS? i 2* L Vi &MmSm mm*?* 4%, J 4B -3 :m: '2' tJ ass- ,-ii i=l "ftr f- c"y •T 1 -ss;.. HRL >a#eiS3fc .fcfeiT T'" T riMfififlHa *s ,r U.I 1 v.*. ;fj ill *f «JJ» i, iSS SfeJi. 31 t'. if-55 words
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Advertisement148 1976-10-13 3 BCS9O BCS9O BCS9O PROGRAMMABLE CONTROL UNIT ER TERMINAL IDATION/JOURNAL PRINTER I m m VI mme PASSBOOK/JOURNAL PRI trie total system for banking ADMINISTRATIVE TERMINAL BCS9O BCS9O ADMINISTRATIVE Tfi BUNKER RAMQ BCS9O P BCS9O 0 m •v i Dataprep's System combines the power of DATA GENERAL'S Eclipse Computer and BUNKER RAMOS148 words
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COMPANY NEWS
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541 1976-10-13 4 THE proposed acquisition of the remaining 50 per cent stake In the equity of Skinner Manufacturing will Increase group earnings of William Jacks (Malaya) by M 5150.000 in the current year ending June 30, 1977. The forecast comes from Jacks (M) in its reply541 words
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Article222 1976-10-13 4 THE profit setback at Kepipas (Malaya) has continued into the current year. At the half-way mark, ended June 30, 1976, the group suffered a 10.7 per cent decline in pre-tax profit to M 55.68 million despite a sales rise of 17.7 per cent to $20.98 million.222 words
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Company meetings
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23 1976-10-13 4 THE following meetings are due: Oct 15, 1130 p.m., Registered Office, 52 Jalan Burch, Jurong Town, Singapore 22.23 words
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Article20 1976-10-13 4 Oct 15, 11 a.m., Registered Office, 12th Floor, Fltspatrlck's Building, 86 Jalan Raja Chulan, Kuala Lumpur.20 words
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Article15 1976-10-13 4 Oct 18, 9 a.m., Registered Office, 48 Bpottlswoode Park Road, Singapore.15 words
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Article10 1976-10-13 4 Fraser Neave, Ltd.: Oct 19, 11 a.m., Raffles Hotel, Singapore.10 words
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Article16 1976-10-13 4 Oct 23, noon, Registered Office, Chartered Bank Chambers, Beach Street, Penang.16 words
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Article11 1976-10-13 4 Oct 28, noon, 45-47 Robinson Road, Singapore J.11 words
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Article17 1976-10-13 4 29, 10.30 a.m.. Registered Office, Wlsma Mega, 2nd mile, Jalan Batu Tlga Lama, Kelang.17 words
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21 1976-10-13 4 Oct 30, noon, Registered Office, No. 22 (Upper Floor of No. 20), Jalan Oelanggong, Malacca.21 words
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Article, Illustration506 1976-10-13 4 THE current year ending June 30, 1977 Is proving more difficult for Hume Industries (Par East) than even what Its chairman, Mr. Michael Y.O. Fam, anticipates only a month ago. Contrary to his earlier expectations that group profit will match 1975/76 pre-tax profit of $16.29506 words
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Article446 1976-10-13 4 Current Ex Date Total far Total far payment Date payable the vesr previous year Dunlop Ind. 8% Sept. 8 Oct. 15 8% 22.5% Malayawata 10% TE Aug. 30 Oct. 15 10% TE 10% TE Paper Prod. 7.5% Sept. 21 Oct. 15 7.5% 7.5% SEA Corp. Wilkinson 10% Sept.446 words
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Article221 1976-10-13 4 WHILE most tin companies suffer declining profits as a result of low tin prices for the better part of last year, Rahman Hydraulic Tin was lucky to come out relatively unscathed. The year ended June 30, 1976, saw a marginal decline In its unaudited pre-tax221 words
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869 1976-10-13 4 NYT NEW YORK. Tues. The decision by two major copper refiners to cut their price by four US cents a pound, to 70 cents, after last Wednesday's market close should not have surprised metal futures traders, but apparently It did to iudge byNYT - 869 words
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464 1976-10-13 4 DESPITE an eight per cent profit setback Temerloh Rubber Estates has raised the final dividend by a half a point to lift per cent along with a proposed scrip issue of one-for-five. But the company is not handing out this improved package for no reason.464 words
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Article129 1976-10-13 4 AP KOBE, (Japan) Tues. The first whaling ship to be sent to the Antarctic by a newly-formed company representing Japanese whalers left today for the 1976-77 whaling season. The company was formed in February with the merger of Japan's three major whalers and four other companies to takeAP - 129 words
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Article90 1976-10-13 4 UPI MANILA, Tues. Two Filipino companies, Basic Petroleum and Minerals Inc. and Landoil Resources announced today their acquisition of the interest of Aquitaine Pennsylvania in oil-service contracts in the Philippines. The interests involve oil exploration in an offshore area covering 850,000 hectares and oil-drilling and work expenditures estimatedUPI - 90 words
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384 1976-10-13 4 TORONTO, Tues. With the upsurge in demand for dlesel engines and farm machinery, a big increase in profit is expected at Massey-Ferguson for the current year ending Oct 31, 1976. At the three-quarter mark, net income is already 34.8 per cent higher at US$7l.l million on an384 words
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Article19 1976-10-13 4 MR. Khoo Hln Hiong has resigned as a director of Far Eastern Hotels Development since Feb 11,1976.19 words
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Article1056 1976-10-13 4 c OPTION m Oc OCT :tobei JAN 11 APL 8TOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Avon Avon Avon Avon Bank Am Bank Am Beth 8 Beth 8 BethS Beth 8 Cltlcp Cltlcp Cltlcp DowCh DowCh Dow Ch DowCh EasKd EasKd EasKd EasKd1,056 words
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Page 4 Advertisements
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Advertisement151 1976-10-13 4 "^yS^OFFICE imPORTED EHCLU/IVELV FOR EXECUTIVE/ finO DIRECTOR/ ■r-Wfi m &£&>gfc. Jferifef rf ifCI r: air see the complete range at our new show-room South Gast Asian Furniture Chain Pte Ltd 87, Lower Ground Floor, UIC Building, 5 Shenton Way, Singapore, 1. Tel: *****39. Cable: Furnchain Telex: RS ***** Seaturn Anybody151 words
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INTERNATIONAL COMPANY NEWS
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Article180 1976-10-13 5 Reuter THE HAGUE, Tues, The Royal Dutch/Shell group and Its metals unit, Bifliton, are discussing plans with Indonesia to spend between US$l.5 and $2 billion for the mining of coal in South Sumatra and tin in the Rlou Islands. Indonesian Mining Ministry Secretary, General Sutarayo SlgltReuter - 180 words
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Article52 1976-10-13 5 Reuter LONDON. Tues. Ford Motor said normal output of Cortina models will resume at Dagenham following agreement on three separate body shop disputes. Night shift production has been halted for two weeks and the day shift for nearly a week, with the loss of scheduled production of some 4,000Reuter - 52 words
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251 1976-10-13 5 Black Decker sees rise in profit Reuter ZURICH, Tues. Black and Decker Manufacturing expects to report earnings per share in the US$l to $1.05 (85 cents) range for the year to Sept 26, 1976, vice president (finance) Mr. Edwin Delcher said here. Group sales should be between $740 and $750Reuter - 251 words
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Article95 1976-10-13 5 Reuter DETROIT, Tues. Skilled tradesmen at the United Auto Workers local at Lima, Ohio, voted 80 per cent In favour of Ford Motor's proposed contract but at Detroit local 400, when the vote has not yet been fully counted, several units appear to have turned it down,Reuter - 95 words
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607 1976-10-13 5 Financial Times SYDNEY, Tues. Sanyo Electrical, one of the top Japanese electrical manufacturers, is to establish a joint venture in the US with Sears Roebuck for the manufacture of large sized colour TV sets which will be distributed under the Sears label. Sanyo isFinancial Times - 607 words
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Article200 1976-10-13 5 Reuter HONGKONG. Tues. New World Development said conditions for the acquisition of the share capital of Kal Tak Land Investment and Timely Enterprises Corp require it to Issue up to 205 million new HK$l shares. Timely shareholders will receive 344 New World shares for eachReuter - 200 words
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Article121 1976-10-13 5 ADELAIDE, Tues. Net profit of News Ltd increased from A 55.71 million to $10.88 million for the year ended June 30, 1976. Profit is after extraordinary loss of $517,000 (profit $103,000). Gross revenue showed a rise of only 11.7 per cent to $138.5 million. The company121 words
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Article75 1976-10-13 5 Reuter SYDNEY, Tues. Southern Pacific Petroleum announced a gas show at its Reggente No. 2 well In Italy. The company said that drill stem test over the Interval 1,425.65 to 1,433 m yielded gas to the surface Immediately at an estimated rate of 9.9 million m 3 perReuter - 75 words
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Article203 1976-10-13 5 Reuter TOLEDO. OHIO, Tues. Owens-Illinois Inc expects record 1976 earnings, topping the current record 1975 net of US$B7.3 million, chairman Mr. E.D. Dodd said. He said the company's earnings have grown at an annuaf rate of 13 per cent since 1971. For the first nine months operatingReuter - 203 words
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745 1976-10-13 5 RONA CHERRY - By RONA CHERRY NYT NEW YORK. Tues. Last week, a Manhattan seamstress. Miss Mary Bray, won US$lOO simply for doing what she does almost every day going to the supermarket. A few days earlier. Miss Catherine Kreijanovsky also was a $100 winner inNYT - 745 words
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Briefly
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Article71 1976-10-13 5 MANSFIELD, OHIO. Tues, Mansfield Tire and Rubber said it reached a threeyear contract settlement with the United Rubber Workers local 17 at its Mansfield plant. The union had been working on a day-to-day basis since June 18, following a five-day strike In early June. The contract expired June71 words
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Article37 1976-10-13 5 LONDON, Tues. Aftertax loss at Conoco Jumped fourfold to L' 4.5 million (til million) for the first six months ended June 30, 1976, despite a big Increase in turnover from i' 136.3 million to £217 million.37 words
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Article90 1976-10-13 5 LUXEMBOURG, Tues. The European Investment Bank said it will lend the British Steel Corp 110.25 million for eight years at nine per cent towards the cost of two Investment projects. Of these funds £6.75 million will be used at Consett, north-east England, to expand the capacity of BSC'S90 words
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Article65 1976-10-13 5 PITTSBURGH, Tues. US Steel Corp said It will spend over US$6OO million to reduce air pollution at Its Clairton, PA., coking facility. The company, in response to an inquiry, did not say how it would finance the expenditure, which is a result of an agreement with environmental65 words
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Article85 1976-10-13 5 BEIRUT, Lebanon. Tues. Abu Dhabi has awarded a US$92 million contract to two Japanese firms Takenaka Komuten and Kumagai Ouml for construction of the terminal building of its new airport, the Middle East Economic Survey said. Work on the new airport, costing a total of $253 million, Is85 words
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Article97 1976-10-13 5 LONDON. Tues. On sales up from 1316.81 million to C 411.06 million, Olaxo Holdings has enjoyed an increase In pre-tax profit from 141.43 million to t'73.94 million for the year ended June 30, 1976. Earnings per share rose from 26.9p to 41. lp and the company has raised the97 words
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Article258 1976-10-13 5 Reuter AMSTERDAM. Tues. Rollnco said It will issue one warrant per 20 shares, giving existing shareholders the right to one new share at a progressively increasing price over the next three years. Shares exchanged for warrants up to Aug 31, 1977 inclusive would cost 140 guilders,Reuter - 258 words
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Article119 1976-10-13 5 TOKYO, Tues. Argentina asked Japan for a private syndicate loan of USS7S million as part of its plan to raise $1 billion from advanced countries for its economic reconstruction. Finance Ministry officials said. Visiting Argentine Economics Minister, Mr. Jose Alfred Martinez de Hoz asked Finance Minister, Mr.119 words
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Article31 1976-10-13 5 Reuter MELBOURNE, Tues. The Prices Justification Tribunal approved a 4.92 per cent average Increase In Broken Hill Proprietary steel prices, slightly less than that sought by the •company B.H.P. said.Reuter - 31 words
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Article868 1976-10-13 5 NYT PARIS, Tues. Can a programme of determined Jollification make a hot stock on the Paris Bourse? Yes, It has at least for the Club Medl- terranee, whose revenue has doubled every three years since 1968. Last year, consolidated revenue approached the equivalent of US$200 millionNYT - 868 words
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Article637 1976-10-13 5 ROBERT METZ - By ROBERT METZ NYT NEW YORK, Tuesday. Last Friday's bid by the Congoleum Corp Inc to purchase Universal Leaf Tobacco for U5532.50 a share was greeted by investors as an exciting development in an otherwise dismal stock market. While the cash offer was well above Thursday's closingNYT - 637 words
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172 1976-10-13 5 Reuter PARIS. Tues. Negotiations have been completed for the Brazilian electricity board Electrobras to borrow US$92O million to build two hydro-electric power stations, the Brazilian embassy said in a statement. Banque de L'Union Europeenne. Credit Commercial de France and Ste Generale are organising a 520 mlnReuter - 172 words
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Advertisement104 1976-10-13 5 L ''l i > 4 ■M DOCUMENT PROCESSING DIVISION Wywy meets your copying needs Wywy Private Limited sole distributor for Ricoh copying systems. Now every owner of a Ricoh copier stays secure with Wywy's supporting staff of over 60 professionals. To bolster client confidence in Ricoh, Wywy has implemented the104 words
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Article1946 1976-10-13 6 SECTION ONE INDUSTRIALS Gr't Gr't ivrt Last div Div y'H P/E Val Day High Low Com p«ay Safe +OC- c'vr (*•••> High Urn 250 170 Ac ma 175 12.ON 1.1 6.8 8.8 4 175 175 206 172 Alcorn 206 20.0 1.3 9.7 13.2 100 60 Allied Choc1,946 words
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Article1369 1976-10-13 6 BID and offer prices officially luted 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 work! "Sett." Big Board1,369 words
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Article168 1976-10-13 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager pncei for Oct 13) (Current pricea) The Commerce The Saving Fund 1.70 1.78 0 90 1.01 INCOME BOND 107 1.13 S pore Prog Fund 0.79 0 84xd S pore Security Fund S pore Invest Fund 1 26 1.32 1.03 1 08168 words
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Article284 1976-10-13 6 S'pore Govt 5 1/2% Taxable Loan No 2 With A I 197Vlit Dec 1977 (1.000.000) (101.688 101.78S) S'pore Govt S 1/2% Taxable Loan No 1 With A I 1976/ISth Apr 1978 (1.000.000) (101.538 101.60S) S'pore Govt 5% Tax Free Loan No 1 With A I 1976/284 words
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Article1115 1976-10-13 6 BID and offer price* 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 A|in«m*t* (1 758>. A. CM*. IO.UBI. A.R.I. 10 50'iBl (5) 01,115 words
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Advertisement32 1976-10-13 6 I 111 X'J k found only in the best company... •<y,JK t (PENGUIN '?JS_/ZIM It i r i h *»1 -f 1 V ri v Cr t s f I f 3*32 words
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Article575 1976-10-13 7 SENTIMENT ruled weak right from the opening bell and deteriorated by the minute in a generally noncommital Stock Exchange of Singapore yesterday. Although scattered in nature, early deals were recorded at sharply lower levels. This was (topite the absence of concerted selling pressure. News of fresh political575 words
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Article520 1976-10-13 7 THE Kuala Lumpur stock market sank lower yesterday under another round of persistent selling. Sentiment was obviously affected by the easier trends in overseas markets, particularly the deep plunge by the Hongkong market yesterday morning following reports of the arrest of Madam Chiang Ching, the widow520 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article970 1976-10-13 7 NEW YORK: Stock prices dropped sharply across a broad front to their lowest levels since January In moderate trading on Monday. Many Investors observed the Columbus Day Holiday. Analysts said continuing concern about the economic recovery In the US was heightened by fears the strike at Ford Motor970 words
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Article296 1976-10-13 7 AMSTERDAM: The market eased In line with Wall Street and Dutch Internationals all closed lower on Monday. Elsewhere transportations and Heineken fell. Industrials and trading stocks were unchanged to lower. Banks and insurances were mixed. Deli firmed strongly against the trend for no apparent reason. State loans were slightly296 words
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Article274 1976-10-13 7 FRANKFURT: Shares fell to new 1976 lows on Monday, partly under the influence of Wall Street and partly on renewed pessimism over the future for German exports, market sources said. Shares of export-orientated companies, including motors and engineerings fell up to 8.50 marks. Chemicals, steels, electricals and leading banks274 words
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Article426 1976-10-13 7 SYDNEY: The market continued to (all sharply on Tuesday, on strong selling, reaching a year's low, although the decline appeared to be slowing, with selective buying Interest emerging In some sectors, dealers said. BHP fell to A 56.98 before recovering to close at $7.02, down 18 cents, but Its426 words
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Article231 1976-10-13 7 ZURICH: The market closed barely steady In very quiet activity on Monday lncluenced by Wall Street's weakness. Dealers said. Leading banks edged slightly lower, led by Geaellacnaft. Brown Boveri 'A' led industrials lower while Ciba Geigy and Sandoz were steady. The Credit Swisse index lost 0.9 points to 206.4.231 words
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Article143 1976-10-13 7 MANILA, The market continued to decline across the board In dull trading on Tuesday, dealers said. Mining leaders continued weak on the further fall In world copper prices, while San Miguel and PLDT headed losses among commercial and industrial Issues. OCT 12 Pesos Acoje Mining 01S -0 0005 Atlas143 words
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Article435 1976-10-13 7 HONGKONG: Share prices fell sharply again on Tuesday. In active, nervous trading but closed above the day's lows, dealers said. The Hang Seng index fell 8.25 points to 384.20. Turnover on the four exchanges soared to HK576.01 million, compared to *42.49 on Monday. The market was depressed by the435 words
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Article158 1976-10-13 7 MILAN: The market closed lower in very quiet trading on Monday, following announcement of government austerity measures, including an increase to 50 per cent from 30 per cent of dividend tax. dealers said. Generalised declines Included Fiat, Montedison. Mediobanca, Snia Viacoaa, both Pirelli and Olivetti, financials and Insurances Bonds158 words
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Article137 1976-10-13 7 BRUSSELS: The market was sharply lower in nervous trading on Monday, dealers said. Sofina, Sidro. Traction, GB-Inno-BM. Asturienne. Hoboken. Cocke rill and Vieille -Montague all fell. Most foreign stocks eased. Gold mines were mixed. US Petrofina rose while Petrofina eased and Canadian Petrofina was unchanged. OCT II Frs FORWARD137 words
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Article500 1976-10-13 7 TOKYO: The market declined heavily on Tuesday, In line with overseas markets, dealers said. The Dow Jones average lost 60.70 to 4.693.24 with volume 140 million shares. The new Index closed at 350.47. down 3.88. The decline was accelerated by selling by foreign investors, centring on Pioooer, which lost500 words
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Article85 1976-10-13 7 OCT 12 Bah is Asia Fibre 112 1 Bangkok Bank 245 +2 Bangkok Invest. 136 ♦2 Bangkok-Metro-politan Bank 2620S unch Bala 341 +2 Berll Jucker IMS Charoong Thai Wire 144 1 Dumex DusltThanl Faber Merlin First Trust Indo-Thai 187S J And J Ho 127 1 Jalaprathan Cement 78S ♦385 words
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Article331 1976-10-13 7 PARIS: The market was generally lower in very calm trading on Monday, dealers said. The few shares to make gains included Veuve Cliquot, Locindus. Creusot Loire and Pierrefitte. Foreign stocks were lower. OCT II Frs CORBEILLE Alr-Llqulde B S N Gervats Danone CSFfThomsonCsi) Cie Francalse des Petroles Citroen SA331 words
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Article12 1976-10-13 7 TORONTO: The market was closed on Monday for Thanksgiving Day Holiday.12 words
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Article12 1976-10-13 7 JOHANNESBURG: The market was closed on Monday for Kruger Day Holiday.12 words
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Article801 1976-10-13 7 LONDON, Tues. The stock market firmed today on "bear" covering and at 3 p.m., the Financial Times index was up 8.5 at 294 6. BP gained 15p after an initial 8p fall, encouraged by news of the Increased production rate from the forties field, and other oils gained 2p801 words
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Article70 1976-10-13 7 FINANCIAL TIMES INDUSTRIALS 286.1 Friday 292.7 Week ago 323.88 TINS Monday 123.44 Friday 121.52 121.74 RUBBERS 463.17 470.82 Week ago 474.85 OILS Monday 315.67 Friday 323.42 340.41 DOW JONES AVERAGE INDUSTRIALS Monday 940.K2 Friday 952.38 vri *h LONDON DOLLAR PREMIUM Monday Friday 120 to 121 122'J to 12.TX H.K.70 words
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Advertisement327 1976-10-13 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar ma I am! Because Penguin books are rather Bfjk special. They are mind-stimulating, deeply researched, Mm* entertaining in a wholesome way, highly educational J]JfMji quite unlike the327 words
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COMMODITY REPORTS AND PRICES
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Article666 1976-10-13 8 THE Singapore rubber market opened yesterday. About one cent lower from Monday night following lower London advices. It then edged marginally higher on light short covering interest from both local and upcountry markets, dealers said Quiet trading conditions ruled throughout the session with November ESS one buyers finishing666 words
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Article103 1976-10-13 8 DAILY SSR and SMR prices at noon yesterday: No*. Doc. R.A.S. (Current Mth) (For vanlMtk) Buyer* Seller* Buyer* Seller* (c« super kf) (eei ■U porks) SSR 20 (1-ton Pallet) 187 00 188 00N 188.00 190 OON SSR SO (1-ton Pallet) 184.50 180.5ON 185.50 187. SON M.R.E.L.B. SMR103 words
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Article197 1976-10-13 8 THE Straits tin price In Penang yesterday fell $5.25 to close at $1,195 per plcul on an official offering down 50 tonnes to 191 tonnes. In LONDON on Tuesday, tin scored gains of mostly £50 per tonne In both contracts. There was some hesitancy on the pre-market following197 words
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Article30 1976-10-13 8 Rubber: Oct 12 Singapore: Nov. 203.50 cU (down 1.00 cts.) Malaysia: Nov. 207.50 cts. (down 1.25 cts) Tin: $1,195 (down <5.25) Official offering: 191 tonnes (down 50 tonnes)30 words
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Article107 1976-10-13 8 LONDON, Tues. Silver rose by 4.8p to 4.0p per troy ounce. Dealers said this metal appeared somewhat oversold and the influence of the easy overnight New York close was generally disregarded. Values worked higher from a low in the premarket of 258.0p a troy ounce up to a ring107 words
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Article247 1976-10-13 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut OU: Bulk $71 sellers, old drum $78 sellers, new drum Ml tellers. Copra Mixed (looae) UK/Cont *45 buyers. Pepper: MUNTOK AST A WHITE f.o.b. 100S NLW $302 W tellers. Sarawak whit* f o b. M* NLW $2*7247 words
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Article120 1976-10-13 8 THE following Palm Oil price* were quoted in London on Monday. The prices are elf Rotterdam and are quoted In US dollars per long ton unless otherwise stated. Malaysian 5% ffa bulk Nov/Dec/Jan Monday 443 sir Pm. 447 sir Sumatra 5*> Oct Nov Dec Jan Feb unch *****2120 words
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Article377 1976-10-13 8 POLITICAL news from China helped to keep the Singapore gold market steady although the volume did not reflect any nervous feeling. The kilo bar wasquoted between 559,150 and $9,180 while for London delivery the metal was U*****.25 per ounce for most of the day before slipping slightly at the377 words
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Article309 1976-10-13 8 LONDON, Tues. Copper wlrebars lost 19.50 per tonne for Cash and i 8 for Three Months. Dealers said the market was volatile throughout the morning and rather nervous following the recent bout of stoploss selling. Prices were sharply lower in the early premarket reflecting the weak overnight New York309 words
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Article65 1976-10-13 8 LONDON, Tues. Lead finished with gains of mostly t1.50 per tonne. There was further buying resistance at the 1280 per tonne level for Three Months in the pre-market, and values edged higher following the early rally in copper. Three Months traded up to C 285 per tonne but was65 words
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Article70 1976-10-13 8 LONDON, Tues. Zinc rose C 0.50 per tonne for Cash and CI for Three months. This metal recovered from Monday's low of £390 per tonne for Three Months on scattered covering prompted by the steadier trend in other base metals in the morning. Three Months traded up to 139470 words
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Article105 1976-10-13 8 LONDON, Tues. Futures opened very quiet, €1.15 down to 10.25 up on Monday's afternoon close. Sales were only 26 lots. After the opening call, the terminal drifted lower in rather quiet dealings to finish the morning LI to 12.75 down in sales of 413 lots. The London daily raws105 words
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Article92 1976-10-13 8 LONDON. Tues. The Robusta terminal opened very steady with follow through commission house and dealers buying and covering from Monday's steady close pushing prices up to t2O to 114 higher. Sales were 231 lots. Values continued to advance on speculative support after the opening call and Jan reached a92 words
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Article34 1976-10-13 8 HONGKONG, Tues. The market was quiet with prices unchanged. The day's turnover totalled 318 tons comprising Thais 90, Kwangtungs 126 and Australian 102. Arrivals were from Austral las' 326 tons and Kwangtungs' 400.34 words
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Article98 1976-10-13 8 LONDON, Mon. Demand was strong and general for the 34,285 packages of tea offered at this week's auction, the Tea Brokers Association said. A few plain dooars and African off grades were withdrawn but otherwise prices were fully firm to dearer for all descriptions. These was a fair demand98 words
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MONEY AND EXCHANGES
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Article502 1976-10-13 8 STERLING in Singapore's forex market slipped marginally yesterday following uncertainty among dealers as to how UK's industrial index, which is due soon, will look. The British currency lost some ground when it opened at the U551.6595 level, against yesterday's U551.6630. When London came In the afternoon, the pound dropped502 words
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Article175 1976-10-13 8 Asian rates ASIAN currency deposit interbank rates as at close on Oct 12: L'S Dollar. (Spot) Offer Bid 7 days 5 5/16 5 3/16 1 mth 55/16 5 3/16 2 tilths 5 3/8 51/4 3 mths 5 5/8 51/2 6 mths 5 7/8 5 3/4 9 mths 6 1/16 515/16175 words
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Article53 1976-10-13 8 RANGE of prices offered by discount houses on Oct. It. Overnight 2'i to 3'** Call deposit 2 1 to 3'«*.. C'IM >in( Bu> Sell 3-Month Treasurer bills 33/16 31/16 3-Month Bank bills 4 9/16 4 7/16 3-Month CD 4 11/16 4 1 '2 6-Month 51/8 4 IS/16 Source:53 words
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Article156 1976-10-13 8 Euro rates LONDON, Tues. Eurodollar deposit trading was initially slow, dealers said, with rates opening barely steady around Monday's closings. Three and six Months were at 1/16 softer in response to some offerings since the opening. The overnight rate eased to five 4-7/8 after opening at 5-1/8 while other short156 words
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Article55 1976-10-13 8 Minimum lending rates (in 1 ACBC 7 Fkv Chicago 7 Bongkok Bonk 7'/i Bonk of Amvico 7 Bonk of Chino 7V4 Bonk of Tokyo 7 Bonk Nagoro HKS8C 7V4 Indosuar 7 Moloyon Bonking 7 Mitsui Bonk 7 OCBC 7 OUB 7 Chortarad Bonk 7 Chota Monhotton 7 DBS 7 UCB55 words
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Article220 1976-10-13 8 BANGKOK, Mon The rice market was fairly active during the week with business concluded mostly on a commercial basis, with Iraq, Iran and Senegal. Traders said agreement was reached with Iraq to sell 20,000 tonnes 100 per cent B grade for Nov/Dec shipment. The price was220 words
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Article162 1976-10-13 8 Reuter MANILA. Tues. The Philippine Government Is designing a crop Insurance scheme to protect the country's farmers from financial losses caused by adverse weather and other disasters. Agriculture Secretary Mr. Arturo Tanco said today. The proposed scheme will be Implemented next summer. first in the rice-rich CentralReuter - 162 words
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Article79 1976-10-13 8 Reuter BRASILIA, Tues Brazil will have to Invest almost US$2 billion next year to complete its steel industry expansion plans on time, a report from the Government's Non-Ferrous Metal and Steel Council (Consider) said. The report says the industry will need investments of $3 billion in eachReuter - 79 words
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Article414 1976-10-13 8 LONDON, Tues, Sterling opened slightly weaker against the dollar at around 1.6576/83 in persistently quiet trading compared with 1.6590/6600 overnight, dealers said. The government victory in the Commons economic debate had little impact on trading with interest centred more on economic indicators due later this week, particularly the September414 words
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Article147 1976-10-13 8 TOKYO, Tues. The Bank of Japan is believed to have sold an estimated US$lO million to prevent a sharp decline in the value of the yen, banking sources said. The US dollar for overnight delivery closed higher at 288.95 yen, compared with 288 45 at Friday's close, after rising147 words
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Article35 1976-10-13 8 HONGKONG bank notes quoted on Oct 12: US 4.85/4.87 UK 8.05/8.25 Burma 2.00/2.50 India 4.45/4.75 Indonesia 1.12/1.16 Japan 1.675/1.685 Korea 0 90/0.95 Philippines 0.59/0.62 Singapore 1.96/1.98 Malaysia 1.92/1.94 Brunei 1.925/1.945 Thailand 23.65/24.15 Taiwan 11.95/12.2535 words
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Article55 1976-10-13 8 AUSTRALIA/ NZ exchanges quoted on Oct 12: Australia: Sterling 0.7509/ 0.7431 US dollar 1.2422/ 1.2372 Ninety day air mail buying rates: Sterling 0.7870. US dollars 1.2705 Ninety days forward buying rates: Sterling 0.7656, US dollars 1.2261 New Zealand: Sterling 0.5877/ 0.5842 US dollar 0.9795/ 0.9696 Ninety day forward rates:55 words
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Article45 1976-10-13 8 ZURICH exchanges quoted on Oct. 11. US 2.4565-4580 UK 4.0725-0775 Can 2.5225-5245 W'Germ 100.40-52 Neth 96.11 20 France 49.36-41 Belg 6.55-1/4 56 Denm 41.96 42.00 Norw 46.00-07 Swed 57.57-62 Italy 0.2921 2924 Austria 14.15-17 Port 7.85-88 Spain 3.60-1/4 61-1/4 Arg 1.25-2.25 Japan 0.84-3/4 85-1/445 words
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Article31 1976-10-13 8 FRANKFURT exchanges quoted on Oct. 12: US 2.4440/60 Can 2.5097/5120 UK 4.030/045 Neth 95.60/75 Switz 99.50/65 Italy 1.905.920 France 49.10/25 Norw 45.83/87 Belg fin 6.32/33 Belg com 6.52/53 Japan 0.8443/5231 words
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Article281 1976-10-13 8 LONDON. Tues Straight bonds were steady with prices virtually unchanged in very low turnover, dealers said. Among recent issues Cie Nationale Du Rhone 8-3/4 per cent 1984 firmed a little to 98-3/4 99-1/4 from 98-1/2 99. Most other recent issues held yesterday's levels. Convertible bonds were slightly easier281 words
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Article105 1976-10-13 8 Reuter money supply rose 1.6 percent seasonally adjusted in July to 434.6 billion francs following an upward revised 0.7 percent rise in June, detailed figures from the National Credit Council showed. In July Ml was 16.4 percent hieher than July last year following an upward revisedReuter - 105 words
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Article105 1976-10-13 8 Reuter OSLO, Tues. Production of oil and natural gas from the Norwegian section of the North Sea will be lower than estimated so far, the oil directorate said. In a report to parliament it said production from known Norwegian fields will barely reach 70 million tonsReuter - 105 words
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Article40 1976-10-13 8 Reuter LONDON, Tues. The coupon on this week's batch of one year negotiable UK local authority bonds was raised to 14-3/8 per cent from 13 per cent last week, market sources said. The price remained at par. ReuterReuter - 40 words
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Advertisement163 1976-10-13 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding Hawaii)163 words
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TRANSPORT AND COMMUNICATIONS
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Article93 1976-10-13 9 Reuter LONDON, Tues. Britain hopes to start talks next month on possible longterm development of a second generation version of the supersonic Concorde built in collaboration between Europe and the United States. Aerospace Minister Gerald Kaufman said. The talks in London will be between Mr. KaufmanReuter - 93 words
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Article, Illustration189 1976-10-13 9 IN KEPPEL WHARVES: Bunga Mas 19, Centaur 13/14, Kyoten Maru (JDWL) 6/7. Lumut 20 West, Perils 20 East, Pacific Explorer (tanker) 16, Qulrlnale 18, Straat Bali 10/11, Straat Chatham 33/34, SBS 111 (B. Barge) 48, Tong Han 45, Vishva Anurag 46, Vlshva Namta 44. CONTAINER PORT: American189 words
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Article70 1976-10-13 9 Reuter TOKYO. Tues. Ohbayashi-Gumi Ltd said it and Iraq's State Constructional Contracting Co (SCC) jointly received a 10 billion yen order from the Government of Iraq for construction of a 296 metre long bridge across the Tigris and related road and facilities. Construction work will begin thisReuter - 70 words
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858 1976-10-13 9 GERRY BUTCHER - Small cars from all the world are flooding into Britain. But the home-grown new models are sorely lacking in the showrooms. BY GERRY BUTCHER IN THE middle of the European motor show season Paris opened last week and the British Show opens858 words
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Article158 1976-10-13 9 MORE than 600 New Zealanders have visited Singapore with the Air New Zealand-Cruise East flycruise programme since its introduction a year ago. And even more Australians have followed the tour. "Last year, when we marketed the programme in Australia," said Mr. W.J.A. Loffhagen, Air New Zealand's158 words
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Article119 1976-10-13 9 Reuter LONDON. Tues. The General Council of British Shipping's Index of Vessels on timecharter for the third quarter of 1976 was virtually unchanged at 135 against 136 in the second quarter, but compared with 109 in the third quarter of 1975. The sub index for vessels ofReuter - 119 words
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Article535 1976-10-13 9 ARRIVALS Q„„{ cwrvicf Local Operator Number Time From CPA CX003 0045 HKO TMA TL304B 0430 TPE PAA PA841 0835 SFO/HNL/OUM CAL CI816 1000 HLP JAL JL712 .1000 HLP CPA CX710 1000 HLP SIA SQ209 1010 HLP OIA OA 980 1030 HLP THAI TQ423 1035 BKK THAI TG981535 words
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Article68 1976-10-13 9 ROYAL Interocean Lines (RIL) recently held u marketing conference in Hongkong to review the company's services to Australasia. It was attended by 19 executives from Singapore, Australia. New Zealand, Hongkong. Thailand. Sri Lanka and Indonesia. The meeting is j.art of an annual programme planned in line with policy68 words
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Article48 1976-10-13 9 TWO companies. World Express and RMG, are taking part in a joint venture called "Watertours" to operate cruises which will explore Singapore's waterways on a Chinese-type junk. A second junk with a larger capacity is currently under construction and should be ready for launching in early 1977.48 words
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Advertisement665 1976-10-13 9 Confront Singapore's decision makers in Business limes 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 who665 words
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Article, Illustration1281 1976-10-13 10 PROF LEE SOO ANN - From PROF LEE SOO ANN on Sabbatical at Harvard University ECONOMIC forecasts are still being made and are attentively received. Despite the failure of some forecasts which failed to predict the 1974-5 recession. the art is still respected and the1,281 words
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Article, Illustration923 1976-10-13 10 DAVID LASCELLES - Tropical Bougainville island is very beautiful but it consists largely of copper. And the Bougainvilleans are not satisfied with their share of mining profits which is why they still harbour dreams of going it alone. BY DAVID LASCELLES Financial Times STEPPING offFinancial Times - 923 words
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Article820 1976-10-13 10 THOMAS MULLANEY - By THOMAS MULLANEY NYT THIS Lush, emerald-green agricultural centre aome 80 km aouth east of Manila la •one of the three national attractiona that thia hospitable nation constantly recommenda to visitora. The other two are the majestic new Cultural Convention Centre on Manila Bay and the vibrantNYT - 820 words
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922 1976-10-13 10 IVAN HALL - By IVAN HALL NYT KABUKI and Shakespeare don't mix. Neither do Japan's traditional backroom politics and Premier Takeo Miki's open, Western-tvpe, Parliamentary style. The clash between the old and new politics, triggered by the Lockheed scandal, is dividing Japan'sNYT - 922 words
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Advertisement494 1976-10-13 10 THE WBT I{jg TRAP HOW TO SURVIVE s THE SLUMP Business Management in Penguins Th« Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. This book is about the efforts of poor nations to I gain some control over494 words
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Article760 1976-10-13 11 PERFORMANCE WELL BELOW TARGET KUALA LUMPUR, Tues. The Government is investigating why the multlmllllon dollar Integrated timber complex In Pahang run by Syarikat Jengka Sdn. Bhd. Is not making money. Jengka's performance Is contrary to the expected MS 100 million contribution to Malaysia's foreign exchange760 words
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244 1976-10-13 11 OSAKA, Tues. The' steel industry's energy requirements could increase by about 40 per cent by 1985 including a 12 per cent improvement in usaee efficiency, Mr. James Driscolt, corporate strategy director of the British Steel Corporation said here today. He said the crux244 words
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Article135 1976-10-13 11 Reuter TAIPEH, Tues. The Taiwan Government has urged manufacturers here to purchase machinery and raw materials from Europe as a first step towards expanding bilateral trade, the Central News Agency reported today. The agency quoted the Government's Board of Foreign Trade (BOFT) as saying yesterday thatReuter - 135 words
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Article68 1976-10-13 11 AP BANGKOK, Tues. Mr. Kouros Satrap, a career United Nations official, has been appointed regional representative of the UN Development Programme (UNDP) for Malay&ia, Singapore and Brunei. Mr. Satrap, 54, held several UNDP posts including chief of the European. Mediterranean and West Asian area division from 1969-1976. AnAP - 68 words
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561 1976-10-13 11 AP JAKARTA, Tues. Chairman of the Chase Manhattan Bank David Rockefeller said here today foreign oil companies are reluctant to invest their money in countries where the Government tends to change economic policies involving their interests unilaterally. He told a news conference beforeAP - 561 words
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673 1976-10-13 11 Reuter KUALA LUMPUR, Tues. A calendar on the deskc of the newly-appointed chairman of Malaysia's state-owned oil company Petronas has Nov. 15 firmly underlined. That is the date by which he is under orders to produce a settlement of negotiations on production sharingReuter - 673 words
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Article137 1976-10-13 11 AP SEOUL, Tues. South Korean unemployment totalled 465,000 persons, or 3.1 per cent of the labour force in June, down from 675,000 in March but up from 423,000 a year ago, according to the Economic Planning Board's quarterly statistics. The nation's unemployment rate stood at three perAP - 137 words
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1323 1976-10-13 11 THE CHAIRMAN MR. D.R. MITCHELL REVIEWS A RATHER DIFFICULT YEAR The 42nd Annual General Meeting of Southern Klnta Consolidated, Limited will be held on October 29, 1976 at 55-61 Moorgate, London,. E.C.2. The following Is the Statement by the Chairman, Mr. D. E. Mitchell, which has1,323 words
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Page 11 Advertisements
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Advertisement590 1976-10-13 11 APPOINTMENTS A well established Construction Firm Is seeking:1. Maintenance Superintendent He must possess a technician diploma In mechanical engineering and have at least 5 years experience with construction machineries, such as lifting equipments, generators, dumpers etc. Consideration will also be given to those without technical qualifications but with many years590 words
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Advertisement286 1976-10-13 11 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We OILRIG LINES PTE LTD of 166 TYRWHITT ROAD SINGAPORE 8 hereby give notice that In consequence of our Intended change of name I have applied to the Registrar of Singapore Ships under Section 417 of the Merchant Shipping Act (Chapter 172,286 words
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Advertisement115 1976-10-13 11 wmm in ACCOUNTANCY with FOULKS LYNCH Found*) over century ago, Foulks Lynch the specialists in accountancy education have tutored over 150,000 students around the world to success in the various accounting examination*. You too can be one of them. Now FOULKS LYNCH courses for the following examinations are readily available115 words
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Article, Illustration354 1976-10-13 12 Reuter BANGKOK, Tues. The foreign policy of Thailand's new military junta will be marked by increased friendship towards the United States, Japan and Malaysia, its foreign policy adviser, Dr. Thanat Khoman, said In an Interview published here today. Dr. Thanat, a former ForeignReuter - 354 words
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357 1976-10-13 12 Sabah is $80 mil richer Ongkili KUALA LUMPUR, Tues. Sabah's State Treasury is richer by about MSBO million since Berjaya took over the state after the last general election, its deputy chief minister Dr. James Ongkili said today. He said when Berjaya took over the state in April, it had357 words
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152 1976-10-13 12 Reuter PARIS, Tues. Price decontrol will not be automatic at the end of France's price freeze on Jan 1, Deputy Finance Minister Michel Durafour told a business delegation. He said he has asked the prices directorate to discuss with industry how to achieve a smoothReuter - 152 words
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212 1976-10-13 12 KUALA LUMPUR. Turn. Five Pernas officials and one from the Trade Industry Ministry left this morning for Hongkong en route to Canton to attend the autumn trade fair beginning on Friday. Mission leader, Encik Ami Salleh, said the Government had approved the applications212 words
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Article196 1976-10-13 12 TRADING in Haw Par Brother International's shares on the Hong Kong Stock Exchange resumed yesterday, one day after the company received its quotation in Singapore and Malaysia. The end of morning session quote for the counter was HKS4.2O for sellers, slightly higher than the196 words
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Article105 1976-10-13 12 Reuter KUALA LUMPUR, Tues. Bank Negara Malaysia said Its gold and foreign exchange reserves rose to M 55.45 billion on September 30 from $5.38 bllUon on Sept 15 and $5.29 billion on Aug 30. Its fortnightly balance 7 sheets showed total assets rose to $6.48Reuter - 105 words
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607 1976-10-13 12 HOUSE ENDORSES GOVT POLICIES LONDON. Tues. Britain's Labour Government emerged battered but intact today after a stormy debate in Parliament over the recent slump In sterling. Parliamentary whips In the Labour Party were relieved that all Labourites voted solidly behind the Government despite angry607 words
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431 1976-10-13 12 SINGAPORE'S first aerospace manufacturing plant, Sundstrand Pacific, will be opened today by Minister for Science and Technology, Dr. Lee Chlaw Meng. The company Is a whollyowned subsidiary of Sundstrand Corporation of Illinois,,US. Set up at the cost of $15 million, the Bedok New Town431 words
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282 1976-10-13 12 Reuter MANILA, Tues. Final guidelines for implementing the new offshore banking system of the Philippines are expected to be announced this week. Under this system, according to financial sources banks granted offshore licences can: accept deposits in freely convertible currencies eligible to form part ofReuter - 282 words
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Article365 1976-10-13 12 AP MANILA, Tues. President Marcos said today his martial law regime Intends to regulate wealth and seize private lands especially in urban areas for housing purposes for the poor. "We do not intend to abolish private property," the 59-year-old President told rural bankers In a televisedAP - 365 words
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207 1976-10-13 12 UPI MOSCOW, Tues. The Tass News Agency accused Australia, New Zealand and the United States yesterday of building up "militaristic hysteria" in the Far Cast. The Slngapore-datellned dispatch, under the headline "saber rattling," was commenting on the start of a 17-day naval exerciseUPI - 207 words
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Article129 1976-10-13 12 Reuter TOKYO. Tues. The International Federation of Stock Exchanges opens its three-day annual general assembly meeting here tomorrow, with more than 60 delegates from 22 countries scheduled to attend. The federation said here the agenda for the discussions included problems relating to multinational share listings, andReuter - 129 words
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Article151 1976-10-13 12 KUALA LUMPUR. Tues. The World Bank has promised to continue to assist Malaysia in strengthening her development planning machinery. Minister without portfolio in the Prime Minister's department, Tan Sri Chong Hon Nyan said today. The pledge was maJ» by the Bank's vice-president for development policy,151 words
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135 1976-10-13 12 Reuter WELLINGTON, Tues. The Singapore Government will fully support joint fishing ventures between New Zealand and the Republic, Singapore Finance Minister Hon Sui Sen said today. The Minister told a press conference that a Singapore Fisheries Department team had come here to discuss jointReuter - 135 words
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Article32 1976-10-13 12 MACAO, Tues. The Portuguese Government has agreed to provide Macao with a US$OO million (***** million) loan for the issuance of Macao currency, Gov. Col. Garcia Leandro said today.32 words
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268 1976-10-13 12 KYOTO, Tues. The International Development Association (IDA), soft loan affiliate of the World Bank, began a two-day working level meeting here today to discuss a fifth increase in the funds it uses to provide loans to developing countries. Finance Ministry sources In Tokyo268 words
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Article50 1976-10-13 12 OVERSEAS jank yesterday filet at the High Court ag Banque De L'lndochine Et De Suez and Lauw and Sons for $548,000 due under bills of exchange. The defendant bank and its clients, Lauw and Sons, are alleged to have presented some forged foreign drafts to Overseas Union Bank.50 words
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338 1976-10-13 12 MOSCOW Narodny Bank recently put another local company into the hands of receivers. The company Is Interworld Agencies, and it was put into this predicament when the bank tried to call in its loan arising from a 63 million debenture. The story behind this338 words
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Article68 1976-10-13 12 Reuter THE HAGUE. Tues. The Dutch cosi ol living Index rose 1.1 per cent to 173.2 In mid-September from midAugust (base year 1969), the Economics Ministry said. The Index rose 8.1 per cent compared with midSeptember 1975. In August the Index rose one per cent onReuter - 68 words
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130 1976-10-13 12 THE working aroup on Industrial complementation of the Asean Chambers of Commerce and Industry will hold its second plenary meeting in Kuala Lumpur on Nov. 22 and 23. The meeting, chaired by Indonesia and the Philippines, will precede the fifth council meeting of the130 words
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Article76 1976-10-13 12 Reuter TOKYO, Tues. Singapore's Public Works Department has awarded a *181.5 million. contract to Sato Kogyo Co. Ltd, a Japanese civil engineering and construction firm, -for design and construction of a 5.4 kilometre motorway to link a new airport with the city centre, the Japanese firm said.Reuter - 76 words
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