The Business Times, 26 October 1976
1976-10-26
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The Business Times
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Title Section10 1976-10-26 1 BUSINESS TIMES M.C.(P) 1455/76 TUESDAY, OCTOBER 26, 1976 50 CENTS10 words
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NEWS SUMMARY
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Article83 1976-10-26 1 AP NEW YORK, Mon. Exxon Corp, the world s largest industrial corporation and largest oil company, reported Its profits slipped 3.8 per cent In the third quarter. Exxon, which reported a 2.6 per cent earnings drop after the second quarter, said it earned US$635 million (Ssl.s billion),AP - 83 words
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Article44 1976-10-26 1 Reuter UMTATA, Mon. The tribal homeland of Transkei receives its independence from South Africa tonight, to be reborn as an outcast Republic with hardly an official friend in the world. Only South Africa has so far officially recognised the new nation. Reuter.Reuter - 44 words
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Article87 1976-10-26 1 AP GENEVA, Mon. All four black nationalist factions taking part in Rhodesian talks were ready today to bury old Jealousies and form a united negotiating front to reject US Secretary of State Hairy Kissinger's settlement plan and swiftly end white minority rule. Bishop Abel Muzorewa and the ReverendAP - 87 words
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Article55 1976-10-26 1 AP WASHINGTON, Mon. A US grand Jury Is investigating allegations that South Koreans, seeking to curry favour for their country, offered bribes to several US Congressmen. The New York Times reported today that the investigation has reached the point where several South Korean diplomats may be askedAP - 55 words
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Article30 1976-10-26 1 LONDON, Mon. At 3 p.m. the FT index was off 8.8 at 280.9, recovering some of the more than 10 point loss suffered at noon.30 words
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Article69 1976-10-26 1 KUALA LUMPUR, Mon. The "on-off" trip to the Canton Trade Fair by the 89 members of the Associated Chinese Chambers of Commerce (ACCCI) is on again. They will leave In batches this week. The Chambers had announced on Oct 18 that the members, who had69 words
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Article37 1976-10-26 1 UPI. NEW YORK, Mon. Dow Jones averages, based on first hour of trading today on the New York Stock Exchange: 30 Indus 934.26, down 4.49; 20 transp 204.7, down 0.44; 15 utils 6.05, down 0.13.UPI. - 37 words
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Chief Price Changes
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Article, Illustration188 1976-10-26 1 SHARE prices were further eroded in light selling mainly on stale bull liquidation account in the Stock Exchange of Singapore yesterday. At the close, the Business Times index dropped 4.15 points to 244.37 and the Straits Times Industrial index shed 2.80 points at 247.82. Foils Most active188 words
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Article104 1976-10-26 1 Foils Most octive Petaling Rubber Mat*u«hita S. .Merlin Sim* Darby Kempas Golden Hope C. Sugars Inchcape F.E. L'aton Pan Electric M. Banking Ris Hume lM) M. Box Bhd $2.75 $2.34 $0.87 $3 42 -.43 -.12 -.11 08 Haw Par U.O.B Central Sugars Inchcape 181,000 156,000 128,000 102,000104 words
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Article953 1976-10-26 1 Steepest dive since the crisis struck Reuter STERLING yesterday plummeted to a new alltime low in the SingaDore forex market when It feil to $3.85 against the Singapore dollar. This marked the end of a steady trend in the currency which had persisted forReuter - 953 words
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Article83 1976-10-26 1 Reuter LONDON, Mon. Faced with a furious new run on sterling, Britain'» Chancellor of the Exchequer Denis Healey today insisted there had been no undercover deal to chop down the pound's value to one-and-a-half US dollars. Mr. Healey was addressing the House of Commons in a crisisReuter - 83 words
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765 1976-10-26 1 Reuter LONDON. Mon. Britain's announcement it Intends to apply for US$3.9 billion (559.5 billion) from the International Monetary Fund coupled with speculation about a possible multilateral arrangement to fund the sterling balances has contributed to a slowdown in the disinvestment of sterling by official holders,Reuter - 765 words
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709 1976-10-26 1 THE H.A.O 'Connors saga is about to come to an end much to the relief of the shareholders. Last Thursday, the board of directors of the company, after long and lengthy deliberations decided in favour of Rank Organisation's SI3O a share bid. This brings to709 words
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Article305 1976-10-26 1 Reuter WASHINGTON, Mon. International Monetary Fund acting managing director William Dale and US Treasury Secretary William Simon (above) both denied a British Sunday Newspaper report that the IMF and US Treasury have agreed to terms for a drawing from the fund by the UK. InReuter - 305 words
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570 1976-10-26 1 Hutchison a new suitor for Wheelock ON the heels of Hongkong Land's bid to merge the big Wheelock Marden shipping and property group with its own substantial Interests, another of Hongkong's hongs have come forward to press Its suit. Hutchison International Ltd (HIL) announced that It had requested a meeting570 words
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Article93 1976-10-26 1 Reuter BRISBANE, Mon. The Brisbane Stock Exchange has queried Pancontinental Mining on the fall in the price of its shares today. The company's shares fell to around A 58.50 at close of trading from Friday's close of $10.10. Directors of Pancontinental later told the Ex- changeReuter - 93 words
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Page 1 Advertisements
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Advertisement43 1976-10-26 1 ROLEX Eastern Watch Co. OttKMly Appointed Deatef 285 South Bndg* HdSnftpont JW:7W77/790M. (SEE PAGE TWO.) INSIDE Overseas NewsfT\ Radio Overseas News/ Features Local Co News Foreign Co News Local Stocks Overseas Stocks Commodities Transport A Communications Features Overseas News Local A Overseas News43 words
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Advertisement12 1976-10-26 1 m 3M m Ml wmms }m?< k ?-> V The Dress Lighter iS12 words
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Advertisement94 1976-10-26 1 If-Bix COMPLETE COPYNG SYSTEM APS ELECTRONICS (PRIVATE) LIMITED s-newn T»I SMneimw APS ELECTRONICS (M) SON BHD KU*LA LOMPUO T«i M*72<«l4C €XPORT. GOOD FORYOUR BUSINESS, GOOD FOR SINGAPORE. The Chartered Bank takes the complications out of export and puts the service in. More than 1500 branches all over the world. Years94 words
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OVERSEAS
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215 1976-10-26 2 UPI BANGKOK, Mon. Thai police over the weekend arrested 55 Vietnamese In north-eastern Nong Khal Province In a sweep that is certain to anger Hanoi, official reports reaching Bangkok today said. Provincial Governor Chamnan Pojana said that Vietnamese were put under detention because "weUPI - 215 words
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Article27 1976-10-26 2 Reuter MANILA, Mon. The Philippines and Sweden begin talks tomorrow on a new tax treaty between the two countries, the Finanee Department announced today Reuter.Reuter - 27 words
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580 1976-10-26 2 Reuter HONGKONG, Mon. Informed financial sources estimated that the sterling proportion of the Hongkong Government's external assets has now fallen to a level nearer 20 per cent than 30 per cent but has not dropped below 20 per cent. Gradual diversification ofReuter - 580 words
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Article254 1976-10-26 2 Reuter MANILA, Mon The United States and the Philippines are near to agreement on the dispute over the future of American bases in the archipelago, according to US Ambassador William Sullivan. The envov yesterday told a Lions Club meeting at Olongapo City, not far from theReuter - 254 words
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Article116 1976-10-26 2 Reuter HONGKONG. Mon. Hongkong's visible trade surplus fell in September to HKSIO3 Billion (8152.1 million) from $139 million in August but was aa improvement compared with a $205 million deficit in September 1975, provisional Census and Statistics Department figures show. Exports and re-exports rose to $3.86 billionReuter - 116 words
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Article, Illustration620 1976-10-26 2 AP HONO KONG, Mon. China presented Its new leadership at a mass rally in Peking yesterday, answering some questions but raising others. The nation's new top man, Hua Kuo-Feng, appeared relaxed, confident and to be enjoying himself at the rally of one million ChineseAP - 620 words
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393 1976-10-26 2 Reuter GENEVA, Mon Rhodesian officials at talks here on their country's future have Insisted they are not prepared to negotiate, despite a statement by US Secretary of State Henry Kissinger that his proposals for majority rule were open to change. Dr. Kissinger, architect ofReuter - 393 words
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297 1976-10-26 2 Italy IMF informal talks to go on Reuter PARIS, Mon. Talks here between the International Monetary Fund (IMF) and an Italian Government delegation are likely to continue for several days, an Italian embassy official said. He said the talks are informal and had been planned for over a week, butReuter - 297 words
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Article103 1976-10-26 2 Reuter TAORMINA (Sicily), Mon. Italy must break out of its wage inflation stranglehold and bring labour costs Into line with other industrial countries, Foreign Trade Minister Rinaldi Ossola told foreign exchange dealers here. A vital task is .to modify the Scala Mobile system of InflationReuter - 103 words
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Article59 1976-10-26 2 AP TOKYO, Mon. A sevenmember Vietnamese mission arrived yesterday to inspect Japanese oil refining and drilling facilities, the Government's Japan Petroleum Development Corporation said today. Oil Industry sources said the visit may lead to talks between Japan's three oil resources development companies and Vietnam for exploitingAP - 59 words
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Article360 1976-10-26 2 Trudeau on JapanCanada ties AP UPI TOKYO, Mon. Canadian Prime Minister Pierre Trudeau assured Japanese parliamentarians today their counterparts In Canada will uphold the "institution of freedom that serves as a basis of very important relations between our two countries." Mr. Trudeau made the assurance at a Constitution Memorial HallAP; UPI - 360 words
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192 1976-10-26 2 AP MANILA, Mon. Philippine exports for the first nine months this year amounted to US$l.6l billion (Ss4 billion), down three per cent or US$59.B million from export receipts of US$l.66 billion registered for the same period in 1975, figures made available today by theAP - 192 words
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Article94 1976-10-26 2 Reuter TOKYO, Mon. An undersea communications cable between Japan and China went Into operation today to handle a flow of communications previously dependent solely on satellites. Simultaneous ceremonies in Tokyo and Peking marked the opening of the 850 km cable (between Shanghai and Relhoku in WesternReuter - 94 words
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476 1976-10-26 3 Reuter NEW YORK. Mon. As the United States election campaign draws to a close, questions are being raised what will happen to monetary policy and interest rates once the new administration is firmly in command. Critics of the administration, including DemocraticReuter - 476 words
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120 1976-10-26 3 Reuter NEW YORK, Mon. Prime rates at large US banks are, expected to rise above seven per cent in the next few months from their present 6') per cent and reach nine per cent in second half 1977, Chase Econometrics Associates Inc monetary economicsReuter - 120 words
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Article, Illustration1011 1976-10-26 3 KENNETH MARSTON - A RECEIVER IS TO BE APPOINTED AT POSEIDON. KENNETH MARSTON, MINING EDITOR OF THE FINANCIAL TIMES, ANALYSES THE RISE AND FALL OF POSEIDON KENNETH MARSTON, Financial Times MANY a cynic crawling painfully from the still smouldering ashes of the Australian nickel exploration share boom of the laterFinancial Times - 1,011 words
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Article84 1976-10-26 3 Reuter TOKYO, Mod. A •evenman Vietnamese oil mission arrived here today for a two-week visit, led by Nguyea Van Bien, head of the Vietnamese Oil and Gas Administration. The mission was invited by the semi-official Japan Petroleum Development Corp and three Japanese oil firms KaiyoReuter - 84 words
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Article33 1976-10-26 3 Reuter MELBOURNE, Mon. The first stage of a major feasibility study of the Ok Tedl copper prospect In Papua New Guinea will begin immediately, the Broken Hill Pty Ltd said. Reuter.Reuter - 33 words
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260 1976-10-26 3 Reuter WASHINGTON, Mon. Representatives of the newly formed US National Association of Commodity Option Dealers (NASCOD), headquartered in Washington, and officials from London commodity exchanges, clearing houses, and banks held a special meeting in London today, a spokesman for NASCOD said. He saidReuter - 260 words
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Article74 1976-10-26 3 AP MANILA, Tues. The former mayor of Cagayan De Oro in Mindanao said a US$2l3-milUon (***** million) Japanese Kawasaki Steel Corp. sintering plant near his city was "a status symbol we can ill-afford.' Mr. Reuben Canoy, who resigned as mayor and as former Under-Secretary of Public Information,AP - 74 words
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Article134 1976-10-26 3 Reuter SALISBURY, Mob. The Rhodesian Government will float a Rhodesian $30 million long-term loan issued at 198 at 4.75 U» (.5 per cent interest, the Reserve Bank said in a statement.The stock will be redeemed at par on March 18, 1992 but the Finance MinisterReuter - 134 words
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187 1976-10-26 3 Reuter TOKYO, Mon. Britain has agreed to simplify part of its new car certification system going into effect from October next year, under which on-productlon-site inspection for safety glass by the British Standard Institute (BSI) will be eliminated. Ministry of International Trade and industryReuter - 187 words
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Article50 1976-10-26 3 UPI KUWAIT, Mon. Foreign investments by Kuwait are growing rapidly and earned the country 250 million dinar (552.187 million) during 1975, Finance Ministry official Khaled Abu Saud said yesterday. Talking to reporters, Saud said Kuwait's biggest investment area was the United States, followed by Europe and Japan. UPI.UPI - 50 words
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Page 2 Advertisements
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Advertisement792 1976-10-26 2 This announcement appears as a matter of record only. U. 5.560,000,000 The Development Bank of Singapore Limited 6X per cent. Convertible Bonds 1991 Daiwa Securities Co. Ltd. Banque Nationale de Paris Jardine Fleming Company Limited Merrill Lynch International Co. Swiss Bank Corporation (Overseas) Unit Limited L DBS-Daiwa Securities International Morgan792 words
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Page 2 Miscellaneous
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Miscellaneous0 1976-10-26 2 +/["++)\^+;>{}~!)-)"[+?!'(%(<+~0 words
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Miscellaneous242 1976-10-26 2 SINGAPORE 5 3.00 p.m. Opening Announcements fol- 7.05 Room at the Top (Malay) lowed by Spectrum (English) (r) 730 News in Malay 330 Diary of Events (English) 7.45 Muzikarama (Malay) (last in series) 335 Magazine Zero One (r) 3.50 General Hospital 8.35 Jennie, Lady Randolph Churchill 430 Intermission "Recovery" 6.05242 words
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Page 3 Advertisements
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Advertisement629 1976-10-26 3 Multi- Corporation explains how their intercha j un fi arts can save you plenty ctor ce Multi-Corporation is the appointed sole agent for ITM/ ITS I taltractor SpA, one of the world's largest manufacturers of tractor undercarriage parts. This is because we belong to this region's largest and most dependable629 words
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COMPANY NEWS
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365 1976-10-26 4 Khong Guan reasons for its high rating THE latest balance sheet from Khong Ouan Flour Milling shows Just why the shares are so highly rated by the stock market despite the Elestrian progress of the t financial year, with the p/e ratio and above average 19.2 at a share price365 words
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583 1976-10-26 4 THE prospect of Kesang Tin (Malaya) reactiviating its traditional mining operations, which Justified its existence in the first place, appears bleak. Ever since it ceased mining operations in April 1973, the company has been languishing in the red with no source of income and583 words
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656 1976-10-26 4 FOR the first time since It came to the market In October 1969, South Pacific Textile Industries Is seeking an Injection of funds from the market via a rights issue of one-for-two. The move was disclosed by the company yesterday morning when it requested656 words
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Article122 1976-10-26 4 IBM Singapore has appointed Mr. John D. Tessier as DP sales manager. Other appointments include the following. Messrs. Dick Chin (office products country manager), Mike Ng (personnel manager) and Richard Eveland (DPCE field manager). Mr. M. L. Ritchie, the general manager of Boustead Engineering (M) Sdn. Bhd.122 words
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368 1976-10-26 4 A BUMPER week in the rapid expansion programme of the United Asia Bank starts to-day with the opening of a new branch in Petaling Jaya. Tomorrow, a branch will be opened at Karak and on Friday yet another at Bukit Pelandok. This will368 words
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Article384 1976-10-26 4 Current Ei Date Total for Total for payment Date payable the year previous year Dun lop Eat. 7.5* Sept. 24 Oct. 28 7.5* 12* P.M.R.I. 10*TE+ Oct. 4 Oct. 28 10*TE+ 7.5*TEa Straits Trading 12*+ Oct. 13 Oct .27 12*+ 30* National Iron 7.5*TE+ Oct. 11 Oct 29384 words
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Article134 1976-10-26 4 ONE of Hongkong's best known commercial buildings, Union House, in the Central District, Is to be renamed Swire House next February. Hongkong Land, owners of the building, and John Swire and Sons (HK) have reached agreement whereby Swire has renewed its longterm lease and134 words
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COMPANY MEETINGS
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Article25 1976-10-26 4 THE following company meetings are due: Oct. 26, 10 a.m.. Registered Office, Penthouse, 10th Floor, Wlsma Central, Jalan Ampang, Kuala Lumpur.25 words
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Article18 1976-10-26 4 Oct. 27, noon, U.N. Room, at the Hotel Regent, Jalan Imbl, Kuala Lumpur.18 words
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17 1976-10-26 4 Oct. 27, 12.30 p.m., Room 743, Hotel Merlin, Jalan Sultan Ismail, Kuala Lumpur.17 words
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Article10 1976-10-26 4 Oct. 28, noon, 45-47 Robinson Road, Singapore10 words
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22 1976-10-26 4 Oct. 28, 3 p.m., 4th Floor, Bangunan Yee Seng, No. 15, Jalan Raja Chulan, Kuala Lumpur.22 words
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Article18 1976-10-26 4 Oct. 29, 10.30 a.m., Registered Office, Wlsma Mega, 2nd mile, Jalan Batu Tiga Lama, Kelang.18 words
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21 1976-10-26 4 Oct. 30, noon, Registered Office, No. 22 (Upper Floor of No. 20), Jalan Gelanggong, Malacca.21 words
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Article19 1976-10-26 4 Oct. 30, noon Registered Office, UOB Building, No. 1 Bonham Street, Raffles Place, Singapore 1.19 words
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Article14 1976-10-26 4 Oct 30, 12.30 p.m., company's offices at Tasek Industrial Estate, Ipoh.14 words
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16 1976-10-26 4 Nov. 4, 11 a.m., Virginia Park, Jalan University. Petaling Jaya.16 words
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Article11 1976-10-26 4 Nov. 5, noon, Regency Room, Raffles Hotel, Singapore.11 words
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Article19 1976-10-26 4 Nov. 9, 10 a.m.. Registered Office, Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur.19 words
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Article13 1976-10-26 4 Nov. 9, noon. Registered Office, 25 Beach Street, Penang.13 words
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Article15 1976-10-26 4 Nov. 12, 11 a.m.. Registered Office, No. 50 Jalan Ampang. Kuala Lumpur.15 words
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Article13 1976-10-26 4 Robinson Company Ltd.: Nov. 11, noon. Regency Room, Raffles Hotel, Beach Road, Singapore.13 words
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Article59 1976-10-26 4 LONDON, Mon. A coupon of 6'A per cent Is envisaged for the 50 million mark 15year convertible bond being raised by Seklsui Prefab Homes, co-lead manager Nomura Securities said. The bonds, to be priced at par, will be convertible after Feb 1, 1977. The other co-lead manager is Dresdner59 words
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569 1976-10-26 4 NYT PARIS, Mon. The expected autumn pickup in Western -European demand for steel has failed to materialise, and steelmakers are bracing for another slump. There has been considerable contraction in the rate of new orders, says Mr. Emmanuel Tesch, president of Arbed, one of Europe'sNYT - 569 words
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879 1976-10-26 4 The Mississippi River NYT ST. LOUIS, Mon. To make baker's yeast, a sideline at Its famous brewery, Anheuser-Busch ships in huge quantities of molasses. The company's dock on the Mississippi River has been sitting on a dry sandbar since early summer, so theNYT - 879 words
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Article382 1976-10-26 4 Reuter LONDON, Mon The Kingdom of Denmark is arranging a US$3OO million loan in the Eurocurrency markets, designed primarily to reinforce the country's heavily depleted monetary reserves, bankers reported. The loan will bolster reserves after the extensive outflows from Denmark over the last few monthsReuter - 382 words
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Page 4 Advertisements
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Advertisement91 1976-10-26 4 A wealth of answers to scientific phenomena LIFE SCIENCE llltltAltV S* A thousand questions you've asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular theory mathematics the91 words
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INTERNATIONAL COMPANY NEWS
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Article182 1976-10-26 5 NEW YORK, Mon. Foreign exchange losses are depressing Sperry Rand's profit in the current year and it is only able to report a 4.6 per cent rise in interim net income to U5572.33 million. Despite continued currency uncertainties, the company is still holding on to182 words
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Article143 1976-10-26 5 NEW YORK. Mon. Union Carbide expects 1976 earnings to be about 20 per cent above 1975's U556.25 per share. The company said capital spending this year should be about $1 billion as previously projected, and 1977 spending should be similar. The forecast full year earnings means that143 words
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Article130 1976-10-26 5 NEW YORK, Mon. A strong improvement by its insurance subsidiaries raised third quarter net income at American Express by 17.9 per cent to U5558.42 million for a nine month total of $139.01 million ($126.24 million). The earnings of insurance subsidiaries were up by 43.2 per cent, according to130 words
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Article75 1976-10-26 5 HONGKONG. Mon. Net profit at Hongkong Engineering and Construction rose by 25.1 per cent to HK53.34 million for the first half-year ended June 30, 1976. Interim group profit, being reported for the first time, was $5.53 million. For the whole of 1975, group profit came to $9.89 million.75 words
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Article136 1976-10-26 5 Reuter SYDNEY. Mon. CBFC the finance arm of the Commonwealth Banking Corp group, is seeking to raise up to As4o million in an issue of debenture stock and unsecured notes. The company's second prospectus since formation in September last year, is offering an issue at par ofReuter - 136 words
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Article184 1976-10-26 5 NEW YORK, Mon. Costs have continued to escalate at Dow Chemical, causing third quarter net income to fall 23 per cent to U*****.3 million despite an 11.7 per cent rise in sales to $1.43 billion. However, the company is optimistic that cost pressure from higher184 words
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Article39 1976-10-26 5 HONGKONG. Mon. Net profit at Shaw Brothers rose from HK521.43 million to $24.41 million for the year ended March 31. 1976. The total dividend is maintained at 40 cents with a final of 25 cents (15 cents).39 words
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Article179 1976-10-26 5 NEW YORK, Mon. American Brands plans to increase the cash dividend at its January board meeting. chairman. Mr. Robert K. Heimann. said in a statement accompanying its earnings report. Noting the company currently pays a quarterly dividend of 70 cents. American Brands said the foreign179 words
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Article61 1976-10-26 5 MONTREAL. Mon. Judgement has been set for Nov 15 in the case of five aluminium companies charged with conspiracy under the Combines Investigation Act. The companies, Aluminium Co of Canada, Reynolds Extrusion, Indalex, Kaiser Aluminum and Chemical (Canada) Investments and Daymond, have been charged with conspiring to prevent61 words
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154 1976-10-26 5 Reuter SYDNEY, Mon. Net profit at Australian Guarantee Corp rose by 26.7 per cent to A 528.16 million for the year ended Sept 30, 1976. Gross revenue was up from $224.37 million to $301.91 million while gross receivables came to $1.87 billion ($1.35 billion). InsuranceReuter - 154 words
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Article101 1976-10-26 5 HONGKONG. Mon. Though Hilwin Enterprises has enjoyed a tremendous jump in interim profit, it is again not paying a dividend to conserve resources and reduce the adverse balance of previous years. The company said the interim results reflect the optimistic outlook mentioned in the annual statement in101 words
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Article175 1976-10-26 5 Reuter NEW YORK, Mon. Foreign exchange losses are proving to be a heavy drag on earnings at BristolMyers which reported an eight per cent increase third quarter net income to U5542.94 million. The increase would have been larger but for foreign exchange losses of $5.5 million. ForReuter - 175 words
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Article156 1976-10-26 5 Reuter NEW YORK. Mon. With earnings continuing to jump, Borg Warner has raised the quarterly dividend from US cents to 40 cents. For the first nine months net income more than doubled to US$6O million ($2B million), including a third quarter contribution of $18.5 million ($12.6 million).Reuter - 156 words
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Article184 1976-10-26 5 Reuter EAST HANOVER, N.J., Mon. Nabisco expects 1976 earnings to exceed the US$59 million or $3.70 a share earned In 1975, with sales exceeding $2 billion ($1.97 billion). The company said it incurred a small foreign exchange loss in the third quarter and a loss of lessReuter - 184 words
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98 1976-10-26 5 NEW YORK, Mon. Reporting a slowdown in its rate of increase in the third quarter, Monsanto has forecast a setback in the last three months of the current year. It expects fourth quarter earnings to be lower than 1975's US$7B.7 million, or $2.20 per share. The98 words
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Article103 1976-10-26 5 Earnings per share were $1.69 ($1.56) in the third quarter and $8.78 ($6.43) in the nine months. Third quarter revenue was $998.4 million ($884.8 million), making a ninemonth total of $3.24 billion ($2.68 billion). The third quarter profit includes a charge of $10.3 million, or 28 cents a share,103 words
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Briefly
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Article108 1976-10-26 5 NEW YORK. Mon. Chase Manhattan Corp's earnings increased in the third quarter compared with 1975 principally as a result of a US$4l.6 million rise in non interest income and a.si6.B million reduction in the t>rovision for possible loan osses. Partially off setting these improvements were a.515.2 million decline108 words
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Article79 1976-10-26 5 WILMINGTON. Del, Mon. Du Pont said 1976 earnings should be the second highest in its history, surpassing the U555.43 a share earned in 1975. It said its highest earnings were $12.04 a share, earned in 1973. However, while earnings will be higher, returns on investment and equity will79 words
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Article102 1976-10-26 5 NEW YORK. Mon. The recovery at American Airlines in the current year is speeding up. After turning in a net profit of only US$l5.9 million in the first half, it has achieved a near fourfold jump to $39.6 million in the third quarter. This raised the nine month102 words
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Article75 1976-10-26 5 LONDON, Mon. Great Universal Stores chairman, Mr. Isaac Wolfson, said sales and earnings in the first four months of the financial year to March 1977 were ahead of the same period last year. Mr. Wolfson said in the annual report that stockholder's funds rose to 1379 million at the75 words
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Article81 1976-10-26 5 NEW YORK, Mon. The setback at Armco Steel has continued into the third quarter, with net income marginally lower at US$3O.ll million against $30.54 million last time on sales up from $783.6 million to $817.3 million. For the nine months net income showed a nine per cent fall81 words
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Article84 1976-10-26 5 SYDNEY. Mon. Broken Hill Metals reported "significant anomalies" at Broken Hill, NSW. in Target Zone No. 1, Directors said in their quarterly report magnet induced polarisation results within the zones of interest have shown significant anomalies of the type asso- ciated with known sine rich lead-zinc pyrlte lodes84 words
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Article92 1976-10-26 5 NEW YORK, Mon. Despite an 18 per cent setback in third net Income to U5591.66 million R.J. Reynolds Industries has increased the quarterly dividend by five cents to 82 cents. However, the nine-month total showed a marginal rise to $262.53 million from $260.85 million because of the better interim92 words
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Article97 1976-10-26 5 LONDON. Mon. Pre-tax profit at UDS Group plunged 61 per cent to t'3.37 million despite a 2.7 per cent increase in 1126.05 million for the 26 weeks ended July 31, 1976. Despite the setback, UDS is paying an uncovered maintained interim dividend of 2.1 p. Earnings per97 words
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Article93 1976-10-26 5 NEW YORK, Mon. Reporting a big plunge in third quarter net income from US$4.l million to $900,000, United Brands is again omitting quarterly dividends on its three preferred stock due to indenture restrictions. The stocks are $1.20 series "A" cumulative convertible preference stock, $3 cumulative93 words
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Article72 1976-10-26 5 Reuter Sales were $538.8 million ($566.1 million) for the third quarter and $1.70 billion ($1.59 billion) for the nine months. Earnings per share came to three cents (33 cents) for the third quarter and $1.05 (50 cents) for the nine months. The 1975 figure excludes tax credit of $400,000,Reuter - 72 words
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Article51 1976-10-26 5 TOKYO. Mon. Bank of Tokyo said it will raise its capital to 80.000 million yen from the present 60,000 million through a one for three rights to shareholders as of Jan 17. Payment will be required by the end of March at par value of 50 yen per51 words
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Article264 1976-10-26 5 NEW YORK, Mon. Reporting net income up from US$l3.7 million to $38.4 million for the first nine months. Singer said it expects a successful and profitable 1976 and an even better year in 1977. It said it expects its fourth quarter to be the strongest of264 words
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Article50 1976-10-26 5 Reuter TOKYO, Mon. Nippon Fudosan Bank said it will make a US$2O million five year Eurobond offering next month. Terms including coupon are still under negotiation, but the rate will probably be around 8.25 per cent It said. Morgan Stanlev International of Paris will be lead manager. Reuter.Reuter - 50 words
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Article192 1976-10-26 5 Reuter HAMBURG, Mon. Fried Krupp is likely to be given a role in building up Iran's copper industry, following the country's planned purchase of a 25.01 per cent stake in the West German concern. Iranian Economics Minister, Mr. Hushang Ansary siad. In an interview withReuter - 192 words
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Page 5 Advertisements
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Advertisement252 1976-10-26 5 N Cycle Carriage's brand-new HilMew Service Parts Centre proof positive that our service is as good as the Mercedes-Benz vehicles we sell! m A 4* t it: rc- JC V- Our Hillview complex- specially set up for Mercedes-Benz commercial vehicle car repairs! Hillview Service Parts Centre. The new hub of252 words
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Article1869 1976-10-26 6 SECTION ONE OIL PALMS 197$ Hick Lmm Lmt Sal* INDUSTRIALS Gr*a <U* DW +«r- e'rr (Vs C P/E Val cow Day Higk Low 180 205 120 142 200 140 202 155 200 M 130 198 124 78* A Enterprises 185 Benta 205 C Securities 85 Kemayan 1421,869 words
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Article1049 1976-10-26 6 S I fLf nd of,er P* lo officially listed and business In and reported to the stock Exchange of Singapore yesterday with the number of shares traded shown In brackets tn lota of 1000 !fn l^. un,e specified. All Tune Settlement Contracts are quoted after the word1,049 words
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Article145 1976-10-26 6 SINGAPORE UNIT TRUST (Manager's price* for Oct 2C) INCOME BOND UNIT (Current prices) INCOME BOND 1 07 1 13 The Saving Fund 0 83 0 88 S pore Prog Fund 0.77 0 82xd S pore Security Fund 1.24 1.30 S pore Invest Fund 1.02 1.07 .ASIA UNIT TRUST145 words
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Article388 1976-10-26 6 S'pore Govt 5 1/2* Taxable Loan No 2 With A I 197VUt Dec 1977 (1.000.000) (101.688 101.788) S'pore Govt S 1/2* Taxable Loan No i With A I !97V15th Apr 1978 (1.000.000) (101 608 101.725) S'pore Govt S J/4% Taxable Loan No 1 With A 1388 words
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Article1003 1976-10-26 6 ff Pices officially 3 nd business in and J^ e Kua a Lumpur K Rxchan f e yesterday number of shares '7^ shown ,n br »ckets In lots specified otherwise industrials Allim iU <1.MB). A. Tap* (0.498). AteMM (2.10B), XD. A. C*M. ro 608) (1) o as1,003 words
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Page 6 Advertisements
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Advertisement144 1976-10-26 6 iii x'j k found only in the Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modern144 words
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Article537 1976-10-26 7 SHARES eued further in li|ht quiet trading in the Stock Exchange of Singapore yesterday. Share* were going cheap with few taker*, and on balance, lomcs of up to five per cent were recorded •cross the board mainly on end-of-the-month stale bull liquidation. In the wait-and-see mood537 words
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Article450 1976-10-26 7 SHARES were subjected to a fresh round of scattered selling on the Kuala Lumpur stock market yesterday. iraaing was slow and cautious reflecting the general non-committal attitude of most investors and dabblers. Upper -most on their minds is the Budget to be presented to Parliament450 words
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Article104 1976-10-26 7 THE Stock Exchange of Singapore yesterday requested Sentosa Plywood for an early reply to its queries on the recent acquisition and sale of 1.9 million shares in Pahang Consolidated. In its letter of Oct 19, the SES had asked the company to furnish the dates the shares were104 words
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OVERSEAS MARKETS
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Article740 1976-10-26 7 LONDON, Mon. The stock market moved lower over a fairly broad front following sterling's weakness, bear technicalities, and speculation that the Government may bring forward spending cuts saw shares above the day's lows, dealers said. Overall trading was light but at 3 p.m. the Financial Times index was off740 words
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Article492 1976-10-26 7 HONGKONG: The market closed lower although above the day's lows in nervous, moderate trading, on profit-taking on Monday following Friday's sharp rise here and following the decline In overseas markets, dealers said. The Hang Seng Index fell 3.81 points to close at 396.44. The steep fall in sterling today492 words
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Article453 1976-10-26 7 TOKYO: The market recovered moderately on Monday with selective demand In blue chips, despite lack of fresh stimuli, dealers said. The Dow-Jones average rose 11.47 to 4,615.50 with volume 120 million shares. The new index was 348.34. up 0 64 Turnover was light with many operators reserved on lack453 words
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Article114 1976-10-26 7 MANILA: The market was lower across the board in dull turnover, with the fall In metal prices affecting sentiment, dealers said. OCT 2S Pesos Acoje Mining 015 unch Atlas Con A 28 75 Alias Con B 28 00 •1 Bagnio Gold Oil -0 001 Benguet Con. B BF Goodrich114 words
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Article11 1976-10-26 7 BANGKOK: The market was closed on Monday for Chulalongkorn Day.11 words
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Article412 1976-10-26 7 SYDNEY: The market closed lower on Monday led by uraniums on uncertainty over the ranger environmental enquiry report which Is expected to be published shortly, dealers said. The Sydney All-Ordinaries fell 2.69 points to 437.73. Pan continental fell A 51.30 to $8.70, while Queensland Mines fell 20 cents to412 words
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Article157 1976-10-26 7 NEW YORK, Mon. Following a 79.2 per cent jump in third quarter net income, Inland Steel has forecast 1976 profit well In excess of 1975's U5585.53 million, or $4.43 per share. It says it remains optimistic about steel demand next' year. It said third-quarter raw steel production157 words
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671 1976-10-26 7 NYT NEW YORK, Sun. Thanks to the recent changes In the tax laws, municipal bond funds are comihg up like mushrooms after a spring rain. They are a new form of Investment, calculated to make It easier for small investors to reach for theNYT - 671 words
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Article447 1976-10-26 7 NYT NEW YORK, Sun. Once a company finds that the price of its stock has slipped below the minimum level for margin purchases generally USSS a share it may be tempted to ask shareholders for permission to split the stock in reverse. At least two companies areNYT - 447 words
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Article1125 1976-10-26 7 Michael Lafferty - THE 1976 COMPANIES BILL By Michael Lafferty Financial Times NEW powers for auditors provision for companies to investigate nominee shareholdings. and measures tightening up the requirements on the filing of company accounts are features of the Government's 1976 Companies Bill, which completed its thirdFinancial Times - 1,125 words
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Page 7 Advertisements
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Advertisement26 1976-10-26 7 SZE n t7%rR tIfWJ 1 fc M if 1 E I t i If f mrpcj U/ *r—- i, r J t v if ■II i26 words
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COMMODITY REPORTS AND PRICES
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Article525 1976-10-26 8 AFTER opening unchanged, tne Singapore rubber market fluctuated narrowly between 207.00 and 207.50 cents in inactive trading throughout the morning, dealers said. The morning market closed very quiet with November RSS one buyers quoted at 207.25 cents per i kilo, up 0.25 cent from last Thursday's close, they525 words
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Article115 1976-10-26 8 DAILY SSR and SMR prices at noon yesterday: R.A.S. No*. Pec. (Current Mth) (F« ■ward Mth) Buyer* Sellers Buyers Sellers (cents i >erk*> <«• ntsperkc) SSR 20 (1-ton Pallets) 189 50 191 SON 190.50 192 SON 8SR50 (1-ton Pallets) 187 00 189 OON 188.00 190 OON M.R.E.L.B.115 words
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Article120 1976-10-26 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL Y ESTERDAY. Coconut Oil: Bulk $70 sellers, old drum $75 sellers, new drum $80 sellers. Copra: Mixed (loose) UK/Cont. $45 buyers. Pepper: Muntok AST A white f.o.b. 100% NLW $325 sellers, Sarawak white f.o.b. 96% NLW $307' i sellers,120 words
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Article112 1976-10-26 8 THE Straits tin price In Penang yesterday fell $2.25 to close at $1,183.12* per pier ul on an official offering up 65 tonnes to 200 tonnes. In LONDON on Monday, tin rose about £07 for Cash and Dll 5 for Three Months In both contracts. The metal discounted112 words
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Article30 1976-10-26 8 Rubber: Oct 25. Singapore: Nov. 208.00 eta. (up 1.00 eta.) Malaysia: Nov. 213.00 eta. (up 1.00 ct.) Tin: $1.|83.12'4 (down $2.25) Official offering: 290 tonnes (up $5 tonnes)30 words
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Article146 1976-10-26 8 THE Singapore gold market held quietly steady with prices practically unchanged for last week. The kllobar passed between 559.190 and 559.230 while London gold traded between U*****.50 and SI 16.00 ahead of the London morning fixing, of US $115.65 per ounce, up 15 cents from the previous fixing. Source:146 words
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Article128 1976-10-26 8 LONDON, Mon. Copper wirebars ended the morning with gains of Cl 3 for Cash and Ll7 for Three Months. Values surged ahead in the pre-market on covering against weak sterling which took Three Months up to C 827 per tonne. A partial easing carried over into the ring where128 words
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Article58 1976-10-26 8 LONDON, Mon. Silver had net gains of between six and seven pence per troy ounce. After an Initial mark up on the pre-market against the fall In sterling, values were shaded but subsequently held steady around the 270.5p per troy ounce level for Three Months during routine ring trading.58 words
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Article61 1976-10-26 8 LONDON, Mon. Zinc closed L 4.25 higher for Cash and 15.25 up for Three Months. Early covering on currency considerations took Three Months up to £410 per tonne on the pre- market but scale down profit-taking ran over into ring dealings where £405 was paid before last kerb business61 words
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Article185 1976-10-26 8 LONDON, Mon. Robusta futures opened steady with gains from Friday's close ranging between £52 to £45 per tonne. Turnover totalled 572 lots. Dealers said good all round support linked to sterling's early weakness contributed to the terminal's rise. After the opening call the market held steady with Jan trading185 words
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Article61 1976-10-26 8 LONDON, Mon. Lead rose by L' 7.50 for Cash and £8 for Three Months. Coverlng against currency considerations gave the metal a boost on the early pre-market where Three Months traded up to t'3o6 per tonne. Gains were eroded by profit—taking In the ring and Three Months touched 129761 words
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Article127 1976-10-26 8 LONDON, Mon. Terminal initially traded up to £3 higher in the near March position with the weakness of sterling prompting some local buying and covering. But the overall fundamental supply/demand situation of sugar generally discouraged any follow through buying Interest and when the initial rise attracted fresh selling, gains127 words
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Article120 1976-10-26 8 BANGKOK, Mon. Market closed because of Chulalongkorn day. In HONGKONG yesterday, the market was quiet with prices down 20 cents to HKSS. The day's turnover totalled 350 tons comprising Thais 101 tons, Kwangtungs 170 tons and Australlas 88. Arrival were from Kwangtungs 400 tons, Thais 420 tons. Closing prices:120 words
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137 1976-10-26 8 Reuter TOKYO, Mon. Pittston has assured major Japanese steel mills of stable longterm supply of large quantities of steel-making coal, Nippon Steel Corp (NSC) said. Pittston and a group of the Japanese buyers reached an outline agreement, whereby Pittston will ship 130.2 million tonnesReuter - 137 words
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Article49 1976-10-26 8 Reuter LONDON, Mon. Stocks in London Metal Exchange official warehouses at the end of last week: (all in tonnes except silver) Copper rose 3,250 to 572.800 Tin fell 640 to 6,850 Lead fell 75 to 64,300 Zinc rose 50 to 112,950 Silver unchanged at 29,440,000 troy ounces.Reuter - 49 words
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Article139 1976-10-26 8 Reuter SINGAPORE, Mon. Exports of sheet and crepe rubber from Singapore and Peninsular Malaysia rose to 141,491 tonnes in July from 133,080 tonnes In June and 129,234 tonnes in July last year, Statistics Department figures show. Exports of latex and revertex rose to 20,244 tonnes in JulyReuter - 139 words
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559 1976-10-26 8 MALAYSIA'S system of supervised farm credit for rubber smallholders has been recognised as economically and technically feasible for adoption by other natural rubber producing countries. This was decided at the Association of Natural Rubber Producing Countries (ANRPC) second seminar on "Progress and559 words
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Article124 1976-10-26 8 Reuter TOKYO, Mon. Canadian Prime Minister Pierre Trudeau and Japanese Agriculture Minister, Mr. Buichl Olshi agreed today that officials would meet next January or February to asses Japan's rape seed needs In 1977 before the spring planting by Canadian farmers, officials accompanying Mr. Trudeau said. TheyReuter - 124 words
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Article124 1976-10-26 8 Reuter BANGKOK, Mon. About 5,000 tonnes of maize were sold during the week to Hongkong and Singapore for November shipment at US$l2O FOB basis per tonne, trade sources said. They said Hongkong importers were still interested in additional purchases at the traded level but exporters wereReuter - 124 words
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Article71 1976-10-26 8 Reuter TOKYO, Mon. The semiofficial Japan Raw Silk Corp said It will release a total of 2.500 bales of imported raw silk from its stocks through a tender early next month. This will comprise 1,400 bales of Chinese silk, 1,000 bales of South Korean silk and 100Reuter - 71 words
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MONEY AND EXCHANGES
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Article481 1976-10-26 8 INTEREST rates In the Singapore domestic money market slid down across the board yesterday and conditions of excess funds prevailed In the Interbank system. The overnight funds opened at 2% to 2\ per cent and slid 2H per cent before clearing hours. The market settled around 2 Vfa per481 words
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Article168 1976-10-26 8 Asian rates ASIAN currency deposit Interbank rates as at close on Oct 25 L'8 Dollar* (Spot) Offer Bid 7 days 5 4 7/8 1 mth 51/8 5 2 mths 51/4 51/8 3 mths 57/16 5 5/16 e mths 57/8 5 3/4 9 mths 515/16 513/16 12 mths 6 1/8 6168 words
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Article49 1976-10-26 8 RANGE of prices offered by dls count houses on Oct 25; Overnight 2H to Call deposit 2\ to 3Wt Buy Ml 3-Month Treasurer bills 33/16 31/16 3-Month Bank bills 4 1/8 4 3-Month CD 4 5/16 4 3/16 6-Month 4 3/4 4 5/8 Source: National Discount Co.49 words
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Article173 1976-10-26 8 Euro rates LONDON. Mon. Day-to-day Eurodollar deposits opened steady while periods were slightly harder on balance, dealers said. Trading was quiet. Deposit trading was dampened as operators concentrated on foreign exchange markets where at one stage sterling was over seven cents lower than Friday's close In terms of the US173 words
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Article61 1976-10-26 8 Minimum tending rates (in ACBC 7 Alg«m«n« Bonk 7 Bangkok Bonk 7'/i Bonk ot Amarico 7 Bonk of China 7Vi Bonk of Tokyo 7 Bonk Ncgora Indonwo 7V4 Chortorod Bank 7 Cha*« Monhorton 7 DBS 7 F«r»» Chicago 7 Citibank 7 HKSBC 7% Indotuar 7 Moloyon Banking 7 Mittui Bonk61 words
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Article253 1976-10-26 8 LONDON. Mon. An article in the Sunday Times alleging the International Monetary Fund and the US agreed sterling should be let down to US$l.5O as a condition of the $3.9 billion loan requested by the UK cut three cents off sterling in opening trading, despite denials from the IMF253 words
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Article105 1976-10-26 8 TOKYO, Mon. The US dollar for overnight delivery closed higher at 293.70 yen compared with 293.25 at Friday's close, after opening at 294. Dealers said the US currency initially rose steeply on increased covering for Import settlement needs and remittances to Indonesia. It reached 294.10 at one time, but105 words
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Article117 1976-10-26 8 HONGKONG, Mon. Sterling fell sharply against the US dollar and the US unit against the Hongkong dollar in fairly active, unsettled trading, dealers said. The UK currency was quoted with wide spreads at around U551.6200/ 1.6300 in late trading, against $1.6477/84 at Friday's New York close following some substantial117 words
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Article39 1976-10-26 8 AUSTRALIA/NZ exchanges quoted on Oct 25: Australia: Sterling 0.7521/0.7443 US dollar 1.2356/1.2306 Ninety day air mail buying rates: Sterling 0.7881, US dollars 1.2636 Ninety day forward buying rates: Sterling 0.7641, US dollars 1.2195 New Zealand: Closed (public holiday)39 words
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Article32 1976-10-26 8 FRANKFURT exchanges quoted on Oct 25: US 2.4060/80 (2.4225/35) Can 2.4720/30 UK 3.855/875 Neth 94.80/95 Switz 98.70/90 Italy 2.78/80 France 48.42/57 Norw 45.50/55 Belg Com 6.49/50 Belg Fin 6.38/39 Japan 0.8177/9032 words
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Article323 1976-10-26 8 LONDON, Mon. Dollar bonds were basically steady In quiet trading, dealers said. Guilders issues were once again firm, but interest largely centred in the Amsterdam Rotterdam bank 75 million guilder 9-V« percent five year issue priced at 99-V* percent. Dealers said the issue opened at 100 100-v» and323 words
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Advertisement162 1976-10-26 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)162 words
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TRANSPORT AND COMMUNICATIONS
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380 1976-10-26 9 Reuter LONDON, Mon. The International Maritime Industry Forum said the tanker surplus is already being reproduced in the bulk carrier sector and could spread to shipping generally. The result would be to remove shipping and shipbuilding from the realm of bankable Industries, leaving themReuter - 380 words
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198 1976-10-26 9 UPI MENLO PARK, (California), Mon. Evidence found in a computer showed Stanford School of Medicine scientists yesterday that chimpanzees may predict earthquakes. On a hunch of a geo- physicist, the scientists went back to check data gai thered about chimp behaviour at Stanford's outdoorUPI - 198 words
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Article43 1976-10-26 9 Reuter SYFEY, Mon. An Australian army helicopter was yesterday declared provisional winner of the marathon Trans Australia air race over 3,700 km. The five day event was won by an army Bell 206 turpo-jet helicopter piloted by Lieutenant Peter Lewis. Reuter.Reuter - 43 words
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Article117 1976-10-26 9 UPI LONDON, Man. According to Member of Parliament Gwilym Roberts you got a bettor deal flying Concorde than riding the London subway. He uyi, in a complaint about transportation coots around London, that Concorde coots less per kilometre than a subway train. At the premiumUPI - 117 words
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Article498 1976-10-26 9 ARRIVALS Service Local Operator Number Time From X CAL CI331 1240 TPE/HKG/KUL TMA TL303B 0215 BEY/DBX/ BOM/KUL JAL JL712 1000 HLP SIA SQ209 1010 HLP OIA GA980 1030 HLP GIA GA908 1100 MES CALTEXPKCFD 1130 PKU SAS SK971 1155 CPH/BKK SIA SQ201 1200 HLP SIA SQ240 1205498 words
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Article, Illustration317 1976-10-26 9 EXPECTED ARRIVAL TODAY KEPPEL ARRIVAL Fernandoeverett (0600 after Loon Sheng) 19 Frotasantos (220 after Bunga Tanjong Tamuraeverett) 38/39 Hosel Maru (Car Carrier) (JGHY) (after Bunga Bindang) 18 Longlin (0600 after American Mall) 6/7 Perekop (1800) 3/4 Perils (1500 20 East Straat Chatham (after Johneverett) 8/9 Vega (after Kuznlca)317 words
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1031 1976-10-26 9 WILLIAM STEVENS - By WILLIAM STEVENS NYT IF THE new-car shopper is more confused at the start of this model year than usual, he has reason to be. If. is not Just that the four American car makers are offering 86 separate lines of 1977 passengerNYT - 1,031 words
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Article69 1976-10-26 9 UPI LONDON, Mon. It takes two years to deliver but, says Mr. Fred Hartley, 72 buyers have lined up with L' 24,570 each in hand for his new Lagonda car. The orders came on the strength of the only Lagonda built so far, and placed on displayUPI - 69 words
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Page 9 Advertisements
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Advertisement170 1976-10-26 9 Have you seen this woman? IferesaLee USPNeedham Research Manager 1*1:*****/7 rw O O O h mowingtmade easy on a cushion of air a f '<r i V v** /f Flymo treaJP' •Lightweighi the airborne mower Lightweight easy to handle Cuts even wet grass edges between paving stones around shrubs and170 words
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Advertisement165 1976-10-26 9 ■MOTHER OPPOKTUniTV THE SinCHPORE SUIEEP fj .V i .%L 35 bra u% jC! m. i m }M T?N v > <*C »<g< SECURE 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 the165 words
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Article, Illustration2295 1976-10-26 10 NYT. THE STATE of the economy and its future has become almost the only issue that everyone agrees is a major issue in the presidential campaign. In an effort to shed light on what might be expectedNYT. - 2,295 words
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Article, Illustration1408 1976-10-26 10 TONY HAWKINS - By TONY HAWKINS Financial Times FALLING interest rates, lower inflation and depressed stock markets have ensured that 1976 will be a record year for international bond activity. In the first nine months of the year, the value of new International bondFinancial Times - 1,408 words
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1152 1976-10-26 10 TOKYO, Monday NYT AFTER five years of generally harmonious economic relations, some high-level tension has been building up this year between the United States and Japan over a number of economic Issues particularly over the rising volume of Japan's exports toNYT - 1,152 words
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Advertisement277 1976-10-26 10 We Help feu lo Mind Hbw Own Business radc industry trade, industry SfitiUUiU rade^mdustry 8*1" l i hri m I ■s trade^industry The Republic's foremost Business Review The regular review of Singapore's business scene, compiled for easy reference by executives. Noted commentators and experts present facts and figures with opinion-forming277 words
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409 1976-10-26 11 NYT WASHINGTON, Mon. The newly unified Government of Vietnam, after a summer of conciliatory moves toward its South-east Asian neighbours,'appears to have returned to a tough posture in an effort to exert Influence there. Senior American officials and specialists in Southeast AsianNYT - 409 words
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181 1976-10-26 11 Reuter JERUSALEM, Mon. The Israeli Government today withdrew its nomination of Mr. Asher Yadlin as governor of the Bank of Israel following his arrest on suspicion of bribery, tax evasion and fraud. The Cabinet voted unanimously to appoint instead Mr. Arnon Gafny, director-generalReuter - 181 words
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Article95 1976-10-26 11 Reuter NEW YORK, Mon. Professor Milton Friedman, recently awarded this year's Nobel prize for economics, said in a television interview yesterday that Britain was on the verge of economic collapse because of government spending. Citing Britain as a "horrible example" of the effects of public expenditure onReuter - 95 words
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Article426 1976-10-26 11 HEDGE AGAINST PRICE HIKE NYT WASHINGTON, Mon. Oil companies are scrambling for oil around the world, buying all they can from anyone willing to sell, as a hedge against a potential sizeable price Increase by the oil producing countries. No one knows If the OrganisationNYT - 426 words
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Article, Illustration433 1976-10-26 11 AP TEHRAN, Mon. The Shah of Iran said in a newspaper interview today the price of oil definitely will go up, adding that the world is prepared for the hike. Shah Mohammed Reza Pahlavi did not cite the percentage of increase, butAP - 433 words
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141 1976-10-26 11 UPI LONDON, Mon. A "Hongkong newspaper group" has entered the lists and is seeking a partnership with the ailing the Observer newspaper, the Times said* The report did not name the group but said "tentative discussions took place over the weekend between the London-basedUPI - 141 words
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462 1976-10-26 11 NYT PARIS, Mon. President Valery Giscard d'Estaing, In an apparent shift of political tactics, is rapidly accelerating his long-range campaign to prevent the Left from acceding to power in France. In perhaps his most emphatic, and openly selfserving political assertionNYT - 462 words
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421 1976-10-26 11 UPI TOKYO, Mon. A leader of ruling party forces opposed to Prime Minister Takeo Miki yesterday Indicated he will not try to oust the embattled premier before general elections slated for the end of the year. Mr. Shigeru Horl, an elder statesman ofUPI - 421 words
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Article66 1976-10-26 11 UPI TOKYO, Mon. Mr. J. Tanko Yusuf, Nigeria's First Ambassador to North Korea, yesterday presented his credentials to President Kim II Sung, the Korean Central News Agency (KCNA) reported today. In a broadcast monitored in Tokyo KCNA said the presentation was made in a ceremony attendedUPI - 66 words
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238 1976-10-26 11 Reuter MOSCOW, Mon. The Soviet Union and it* clow Asian ally, Mongolia, tonight renewed their longstanding offer to mend relations and restore co-opera-tion with China. The latest offer was made in a joint communique on talks in Moscow last week between Soviet Communist PartyReuter - 238 words
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Article201 1976-10-26 11 AP MANILA, Mon. International union leaders today criticised the labour practices of multinational firms in developing countries, but Philippines Labour Secretary Bias Ople said big Industries were needed to create Jobs. Dr. P.P. Narayanan, Malaysia leader and President of the International Confederation of FreeAP - 201 words
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Article31 1976-10-26 11 STOCKBROKINO firm J. Ballas, has filed a writ In the High Court against Mr. Llm Cheolc San for the recovery of $13,000 being money allegedly due and owing.31 words
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362 1976-10-26 11 UPI PARIS, Mon. Vietnam has accepted a US proposal for talks aimed at Improving relations but indicated they will make no progress unless they cover both the issue of American servicemen missing in Vietnam and the question of US payment for war damage.UPI - 362 words
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250 1976-10-26 11 THE appointment of Wing Leong Machinery as sole agents for Coles cranes In Singapore by Coles Cranes Ltd of Britain reflects the increasing number of British firms adopting aggressive marketing policies to recapture export markets. As Mr. A. N. Glen, Coles' regional executive for250 words
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Article52 1976-10-26 11 AP KUWAIT, Mon. Kuwait plans to buy 90 gunboats from Italy and Britain, Defence Minister Sheik Saad Abdullah announced yesterday. He said the gunboats, to be equipped with "sophisticated weapons," would constitute the nucleus of Kuwait's Infant navy. He did not say how much the gunboats wouldAP - 52 words
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Advertisement729 1976-10-26 11 APPOINTMENTS AND TRAINING MANAGER ETHICAL PHARMACEUTICALS Hong Kong Regional Office Multinational Researchbased Firm Responsibilities Include promotion planning development and execution of sales training programmes, market research, medical communications, considerable travel throughout East Asia working closely with field organizations and distributors. The position will be Hong Kong based. Qualifications Ideally, the729 words
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Advertisement540 1976-10-26 11 MARKETING MANAGER We are a world renowned Organisation specialising in the sales of Reprographic Equipment and are looking for a suitably qualified candidate to fill the abovementloned position. The successful candidate is expected to have a sound educational background, with a tertiary education, dynamic and experienced, with good personality and540 words
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Article, Illustration407 1976-10-26 12 Reuter AP WASHINGTON, Mon Two new opinion polls have confirmed Democratic challenger Jimmy Carter as favourite to win next week's presidential election, but gave htm a lead too narrow to consider safe. A poll commissioned by Time magazine put the former Georgia GovernorReuter; AP - 407 words
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531 1976-10-26 12 ALTHOUGH some property market analysts and valuers have predicted a mild upsurge in the property market In Singapore, the current situation continues to be grim. And if the current listless and sluggish trend in the market persists, the future for private developers in Singapore531 words
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122 1976-10-26 12 MR. RONALD Binks, managing director of Korn/Ferry Singapore said his company is strengthening its international business and placing emphasis on its specialist divisions. Korn/Ferry is part of what is claimed as the largest executive search consulting firm in the world. Mr. Binks, who has122 words
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Article36 1976-10-26 12 Reuter NEW YORK, Mon. Newsweek says that the Soviet Union has sent a technical mission to Uganda to assess damage done to MiG fighters during the Israeli raid on Entebbe Airport last July. Reuter.Reuter - 36 words
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Article250 1976-10-26 12 FORTY delegates from eight nations deliberated on Asian tax problems behind closed doors here yesterday. It was the first day of the six-day annual meeting of the study group on Asian Tax Administration and Research. The conference is being held at the RELC at Orang250 words
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Article93 1976-10-26 12 HOECHST AG will be holding a two-day seminar on the marketing of pigments for the Far East, Australia and New Zealand from tomorrow. The commercial and technical management personnel from the head-office in Frankfurt, and the marketing and technical executives from the various countries involved, shall be93 words
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Article654 1976-10-26 12 FASTER PACE OF ACQUISITIONS LIKELY FOLLOWING its strong Srofit recovery In 1975/76, ime Darby Is all set to make further strides in the current year. It Is also likely to continue on the acquisition trail at a faster pace. A return to the vertiginous654 words
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291 1976-10-26 12 THE Industrial Training Board's capital expansion programme this year is the largest so far since its inception in 1973 and there is a necessity for the board to reflect on the most effective direction to take to ensure optimum returns. This was291 words
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148 1976-10-26 12 THE massive blackout last Thursday, together with the Deepavali holiday, held up the normal course of operations at the Container Port at East Lagoon and created a jam-up of containers over the weekend. This was reported by the Port of Singapore Authority (PSA) yesterday. But the148 words
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Article63 1976-10-26 12 Reuter LONDON, Mon. A British Industrial mission will leave for a two-week visit to India on Saturday. The 14-member mission will be led by Sir Ralph Bateman, former president of the Confederation of British Industry. Sources close to the mission said it was felt that IndiaReuter - 63 words
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535 1976-10-26 12 THE higher value-added industries, some of which have set up operations in Singapore while others are coming on stream In the next two to three years, herald an era of new skill requirements from the workforce. They represent a need for more tool535 words
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245 1976-10-26 12 SMALL Industries, which do not have the capacity to provide ln-house training unlike bigger companies, can look forward to more training aid from the Industrial Training Board. They can participate in Joint schemes to be organised by the board, whereby they will grouped together for245 words
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Article197 1976-10-26 12 AP BEIRUT, Mon. Crude oil production in the Middleeast reached an average of 20.1 million barrels a day In the first half of 1976, the Middle-East Economic Survey reported today. With the exception of April, which showed a drop of about one million barrelsAP - 197 words
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Article74 1976-10-26 12 BEIRUT, Mon. Saudi Arabia and Mobil Tankers Company will set up a new Joint shiDDlns company capitalised at USSI.4 million (553.4 million), the Middle East Economic Survey (MEES), reported today. The charter of the pro- jected company was published In Saudi Arabia's official gazette last week, it said.74 words
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Article258 1976-10-26 12 SIME'S annual report haa revealed that it is now facing a renewed dispute over the 150 million acquisition of Golden Bay Realty, owner of the successful Orchard Towers. The vendors have instituted arbitration proceedings under the terms of original agreement made in 1973, deapite a258 words
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Article86 1976-10-26 12 KUALA LUMPUR, Mon. Lim An Chuan, 30. a clerk with the Malayan Banking, railway station sub-branch here, was charged in the special sessions court today with four counts of committing criminal breach of trust of more than $1.4 million belonging to the bank. He pleaded not86 words
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228 1976-10-26 12 KUALA LUMPUR, Mon. One petroleum company has agreed In principle to allow Petronas to take majority control through the purchase of the company's ordinary shares, Datuk Hussein Onn told Parliament today. The proposed majority control Is 51 per cent of the company's equity.228 words
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Article205 1976-10-26 12 UPI TOKYO, Mon. Foreign Minister Zentaro Kosaka said today he would try to help promote co-operation between Asean and three Indochinese states. Mr. Kosaka, who assumed the post in a Cabinet reshuffle last month, said he sees a little possibility that the Indochina states willUPI - 205 words
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Article148 1976-10-26 12 Reuter KUALA LUMPUR, Mon. The 13th informal meeting of Directors of Civil Aviation of Asia and the Pacific Region opened here today to discuss flight operations security, air navigation aid services and regional planning. Malaysia's DirectorGeneral of Civil Aviation, Mr. Ibrahim Mahmud, welcoming theReuter - 148 words
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