The Business Times, 30 November 1976
1976-11-30
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12
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The Business Times
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Title Section10 1976-11-30 1 BUSINESS TIMES M.C.(P) 1455/76 TUESDAY, NOVEMBER 30, 1976 50 CENTS10 words
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NEWS IN BRIEF
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Article73 1976-11-30 1 THE Muslim Religious Council announced tonight that Hari Raya Haji falls on Wednesday. The gazetted public holiday is Thursday. In Kuafa Lumpur, a statement from the Keeper of the Ruler's Seal says the King with the consent of the Conference of Rulers has fixed Hari Raya73 words
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Article53 1976-11-30 1 PENANG, Mon. Malaysia and Thailand have agreed in principle on a new border agreement, the Thai Prime Minister Thanin Kralvichien said here today. He said the details of the agreement were being worked out by officials of both countries, and added that the signing was "just a53 words
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Article66 1976-11-30 1 UPI TOKYO, Mon. Japan is ready to recognise a 320 km fishery zone claimed by the United States at the United States-Japan fishery talks opening in Washington Dec 13, Foreign Ministry sources said today. The sources said the reversal of Japan's position was apparently influenced by the SovietUPI - 66 words
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Article44 1976-11-30 1 AP JAKARTA, Mon. Vice President Sultan Hamangkubuwono opened the two-day ministerial meeting of the fifth assembly of the Association of Natural Rubber Producing Countries (ANRPC) today. The meeting was expected to establish an international natural rubber agreement on price stabilization. APAP - 44 words
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Article85 1976-11-30 1 AP ROME, Mon. Printers and other nonjournalists struck newspapers and news agencies in Italy today as part of a union protest against what they termed Inadequate government measures to help the economy. The 24-hour walkout will halt publication of newspapers tomorrow, when the National Labour Federation has scheduledAP - 85 words
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Article46 1976-11-30 1 Reuter PENANG, Mon. Thai Consulate-General officials said here today that the Thai Prime Minister Thanin Kravichien was due to visit Singapore within the next few days and Indonesia later to get to know Singapore and Indonesian leaders on a personal basis. Reuter.Reuter - 46 words
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Article44 1976-11-30 1 UPI NEW YORK, Mon. Dow Jones averages based on the first hour of trading today on the New York Stock Exchange: 30 Indus 955.70, down 0.92; 20 transp 226.97, up 0.71; 15 utils 102.51, down 0.25; 65 stocks 309.86, down 0.05. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration175 1976-11-30 1 TRADING was somewhat steadier at the Stock Exchange of Singapore yesterday on the back of end-of-the-month covering activities. Marginal gains were noted. The Business Times index was 0.79 point higher at 239.34 while the Straits Times Industrial average showed a rise of 0.35 point to 245.02. Rises175 words
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Article108 1976-11-30 1 Rites Most active Waa rnpc $2.64 .05 Slme Darby 135,000 n cai i ico S pore Land Oolden Hope £550 Ord. $1 57 04 Haw Par 83,000 $3.10 $1 72 .04 02 U.O.B InchcaDe 32,000 28.000 Guinness S M Ind. DBS. Kuilm(M) Patallng $4.18 $1.24 $3.60 $0.84108 words
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849 1976-11-30 1 QUEK PECK LIM - By QUEK PECK LIM SIME Darby Holdings yesterday reopened talks with the breakaway group of shareholders, including Pernas Securities, who want to unseat four Incumbent directors and replace them with their own nominees. Sime chairman James Bywater and Jan Otto Van Boetzelaer. managing director of849 words
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Article351 1976-11-30 1 KUALA LUMPUR. Mon. A last-minute snag over the rules for oil exploration is threatening to delay the production-sharing agreement between Petronas and the oil companies, due to be signed tomorrow. Business Times understands that both parties could not agree on what the final contract should351 words
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263 1976-11-30 1 THE Australian dollar devaluation is likely to swing the balance of trade between Singapore and Australia in the latter's favour. This was stated by Mr. Peter Home, Australian Trade Commissioner to Singapore when asked to comment on last Sunday's 17.5 per cent devaluation263 words
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Article190 1976-11-30 1 INDONESIA and Singapore will co-operate closely in the development of Batam Island. At the same time, both countries will promote closer co-ope-ration in trade, the establishment of a submarine telecommunication link and the provision of financial and procurement support for the purchase of ships. The190 words
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231 1976-11-30 1 SIME Darby chicf executive, Dr. Keith Bright, last night issued a clarification of that statement on "backdoor nationalisation" which proas reports from Hongkong had attributed to him. That remark, according to last week's reports, was used by Dr. Bright in the colony to231 words
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204 1976-11-30 1 KOBE Steel, one of Japan's five largest steel manufacturers, will start Its manufacturing operations in Singapore by April next year. This was revealed to Business Times by Mr. Zenkei Tamai, general manager of the conglomerate's regional representative office here. Capitalised at 200204 words
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Article51 1976-11-30 1 LONDON, Mon. Whe Japanese yen lost ground slightly on European foreign exchange markets today in the wake of the Australian and New Zealand currency devaluations. European dealers said the reason was the belief that higher prices could make Japanese export penetration in the South Pacific more difficult.51 words
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Article55 1976-11-30 1 THE Currency Board last night squashed rumours about the circulation of forged new $10 notes, and assured the public that those bearing clearly visible security threads were legal tender. A spokesman said the clearly visible threads could be the result of minor printing error, and that there55 words
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Article171 1976-11-30 1 IN a move to promote entrepot trade in dutiable goods the Customs Department will liberalise its procedures from tomorrow. Bank guarantees for certain dutiable goods will be reduced up to a maximum of 50 per cent. In some cases there will be no need for a171 words
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Article310 1976-11-30 1 Reuter WELLINGTON, Mon. Prime Minister Robert Muldoon tonight announced a seven per cent devaluation of the New Zealand dollar against all currencies except the Australian dollar, which was devalued yesterday by 17.5 per cent. Mr. Muldoon made it clear at a news conference thatReuter - 310 words
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Article163 1976-11-30 1 SINGAPORE'S domestic money market remained liquid in October in spite of credit expansion by commercial banks to the tune of $84 million, according to the Monetary Authority of Singapore in its November monthly statistical report. Deposits of non-bank customers with banks increased by S6B million, sustaining163 words
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Article421 1976-11-30 1 Reuter GENEVA, Mon. Talks opened In Geneva today on the setting up of a $6 billion (5514.7 billion) fund to finance international buffer stocks so as to help stabilise commodity prices. Trade experts from about 100 countries are attending the five-day preparatory meeting called by theReuter - 421 words
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Page 1 Advertisements
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Advertisement33 1976-11-30 1 ~1111, 5553 1& "I f 1.-l'.'.'i^l INSIDE Overseas news/TV Radio P2 Overseas News/Features P3 Local International Co news P5 Local slink* Pfi Overseas stocks Commodities M Transport Communications Features Local Overseas news PI233 words
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Advertisement94 1976-11-30 1 U-Bix COMPLETE COPYNG SYSTEM ELECTRONICS (PRIVATE) LIMITED Smowom T*i UMUaLM«j APS ELECTRONICS (M) SON BHD KUALA LUMPU« T*i ?*****<K1«0 EXPORT. GOOD FOR YOUR 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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328 1976-11-30 2 AP NICOSIA, Mon. Mr. James Aklns, an oil adviser to President-elect Jimmy Carter, expressed surprise at the "offensive" US stand toward Arab oil countries, the Saudi Radio reported today. Mr. Aklns, former ambassador to Saudi Arabia, travelled from Qatar to Abu DhabiAP - 328 words
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Article, Illustration533 1976-11-30 2 UPI PARIS, Mon. The powerful Oaulllst Party the mainstay of the coalition moved closer to a possible open split with President valery Giscard d'Estaing yesterday by approving Silans to give the party a ace-llftlng and new rules. The party central committee, at a closed-doorUPI - 533 words
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Article274 1976-11-30 2 UPI CULIACAN (Mexico), Mon. More than a thousand landowners plan to seek a court injunction against an agreement, reached between the Government and large landowners, turning over land to peasants, according to Mexican newspapers. Outgoing President Luis Echeverrla and some large landowners announced agreement Friday toUPI - 274 words
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Article96 1976-11-30 2 UPI TAIPEH, Mon. The Government Is trying to Increase the Import of crude oil to beef up its reserves In face of an Imminent oil Erlce hike next year, the Unlstry of Economic Affairs announced. The government-owned China Petroleum Corporation, the only oil company In Taiwan, saidUPI - 96 words
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Article168 1976-11-30 2 Reuter MOSCOW, Mon. Soviet leader Mr. Leonid Brezhnev and his two moet senior colleagues, President Nikolai Podgorny and Premier Alexei Kosygin, have accepted Venezuela. If taken up it will mark the first top-level Kremlin visit to South America. The announcement came in a joint communiqueReuter - 168 words
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Article53 1976-11-30 2 UPI KUWAIT, Mon. Defence Minister Sheikh Said A 1 Abdallah announced yesterday that the Bov!et Union has agreed to supply Kuwait with arms. The Bhelkh, who recently returned from visits to the Soviet Union and Yugoslavia, specified neither the kind of weapons nor the terms ofUPI - 53 words
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Article, Illustration254 1976-11-30 2 UPI TOKYO, Mon. Japan's ruling Liberal Democratic Party (LDP) Is assured of winning 256 seats In the general election scheduled for next Sunday, but not the 271 that Prime Minister Takeo Mitel is aiming for, a Tokyo newspaper said today. The Yomlurl Shlmbun saidUPI - 254 words
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415 1976-11-30 2 Reuter TOKYO, Mon. Former Japanese Prime Minister Mr. Kakuel Tanaka Is shrugging off charges of bribery and corruption as he campaigns as an Independent candidate for Sunday's general election. In his home constituency of Nllgata In Northwest Japan, which he has represented forReuter - 415 words
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196 1976-11-30 2 AP WASHINGTON, Mon. A US agricultural attache in Australia was quoted today as saying that Australia has profited immensely from a vigorous export policy which has helped boost agricultural sales to foreign countries the past year. Mr. Harlan Dirks, who is stationed In Canberra,AP - 196 words
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Article54 1976-11-30 2 KUALA TRENOOANU, Mon. An oil tanker with 520 tonnes of oil from Port Dickson to the Shell depot here was grounded at Seberang Taklr last night. A spokesman of the Marine Department here said the ship "Songbe" of Wong Wing Fal and Company In Singapore was registered54 words
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319 1976-11-30 2 AP Reuter TOKYO, Mon. Japan's car trade with Europe must be directed not only at oroflts for Japanese but also for Europeans, the president of a leading Japanese manufacturer said today as leaders of European Economic Community opened discussions about the Issue InAP; Reuter - 319 words
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174 1976-11-30 2 Reuter LONDON, Mon. Britain should not expect direct economic aid from the United States, Mr. Henry Reuss, chairman of the US House of Representatives banking committee, said here today. Mr. Reuss said he thought any aid to Britain should come from the InternationalReuter - 174 words
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993 1976-11-30 2 NYT SEOUL: Their briefcases are scarred. Their passports are faded. Their suitcase handles carry the torn tags of many a flight. They sign hotel registers with names like Bodemer, Ulsted, Trepanlcr, Oarlto, Chat man and Chmlel. Their success or failureNYT - 993 words
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319 1976-11-30 3 NYT VIENNA, Mon. Communist governments In eastern Europe are Increasingly seeking to borrow hard currency from oilproducing countries of West Asia to buy advanced technology, international banking sources here say. Rumania, for Instance, is known to be negotiating a sizeable loan with KuwaitNYT - 319 words
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Article101 1976-11-30 3 Reuter WASHINGTON, Mon. Machine tool orders rose 5.7 per cent t0U*****.8 million in October and were double the level of the same month a year ago, the National Machine Tool Builders Association said. For the first 10 months of the year machine tool orders wereReuter - 101 words
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Article273 1976-11-30 3 SANTIAGO, Monday Reuter THE lnter-governmental committee of copper exporting countries meets here today to discuss plans ,o stabilise world copper prices and promote Increased consumption of the metal. A spokesman said the organisation, known by Its Spanish acronym as Clpec, will also discuss possible changesReuter - 273 words
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372 1976-11-30 3 NYT PARIS, Mon. Management of Air France has crossed swords with the company's chief stockholder, the French Government, charging that excessive state interference is largely responsible for losses that have turned it Into the biggest money-losing carrier in western Europe. The disclosuresNYT - 372 words
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166 1976-11-30 3 UPI NEW YORK, Mon. Stockpiling of crude oil in anticipation that the Organisation of Petroleum Exporting Countries will raise the global price next month caused October output in the Opec countries to surge to 32.8 million barrels a day. This was the second highestUPI - 166 words
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Article89 1976-11-30 3 AP CANBERRA, Mon. The Australian Government today welcomed the opening up of the European beef market. The acting Minister for Overseas Trade, Mr. John Howard, said in a statement the European Economic Community had announced its intention to lift the safeguard restrictions on beef Imports nextAP - 89 words
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Article161 1976-11-30 3 UPI NEW YORK, Mon. The discount on the huge amounts of crude oil Iran will swap to Britain in exchange for the British antiaircraft system will be doubled, petroleum intelligence weekly says It has learned. The reported double discounting flies In the face of previous declarationsUPI - 161 words
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313 1976-11-30 3 Reuter THE HAGUE, Mon. Leaders of the nine European Common Market countries open a two-day summit meeting today which could deeply influence the future of relations between the Industrialised democracies and the developing nations of the Third World. The European community heads of governmentReuter - 313 words
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Article1236 1976-11-30 3 SUSAN GLASCOCK - THOSE who put their trust in gold sometimes disrespectfully called gold bugs have been hoping that the Arabs might start diverting their vast hoards of excess cash into the metal. To their great delight, the last IMF auction included a bid from Oman. Although it wasFinancial Times - 1,236 words
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Article237 1976-11-30 3 Reuter TOKYO, Mon. The Ministry of Transport Is recommending Increases for export shipbuilding prices following its Instructions last week for curtailment of operations at 40 Japanese yards, a Ministry spokesman said today. The spokesman was confirming local press reports which said the ministry wasReuter - 237 words
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Article46 1976-11-30 3 AP BASEL (Switzerland), Mon. Switzerland today announced its curbs on Italian lira banknotes will be eased. The action follows what the Swiss Bankers Association termed a slowdown in the flight of capital from Italy and a stabilisation of the country's monetary situation. ap.AP - 46 words
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709 1976-11-30 3 Financial Times LONDON, Mon. Steel sales throughout the Western world have been declining at such a fast rate recently that the major industries fear they may plummet back Into something akin to the recession conditions of a year ago. The acceptance late last week byFinancial Times - 709 words
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Article72 1976-11-30 3 Reuter TOKYO, Mon. Bank of Japan officials ruled out a cut In official discount rate from 6.5 per cent at this stage. They said supply of money is currently sufficient to meet needs for funds from business and Industry. The officials were commenting upon aReuter - 72 words
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Article130 1976-11-30 3 Reuter TOKYO, Mon. Toyota Motor Co Ltd said it will shortly Introduce a new multi-purpose, low-priced motor vehicle, "basic utility vehicle (BU)." specially designed for the Asian market. The vehicle will go on sale in the Philippines from Thursday through Delta Motor Corp, the Importer,Reuter - 130 words
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Article114 1976-11-30 3 Reuter LIMA, Mon. Peru will obmllllon (***** million) to expand and modernise minlng complexes, Mr. Oulllermo Flores Plnedo. President of Centromln Peru, the state mining corporation, said. He told reporters a US$3l.l million loan from the Export Development Corporation, Royal Bank and Imperial Bank ofReuter - 114 words
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Article104 1976-11-30 3 Reuter TOKYO, Mon. Japan and Australia began a four-day meeting here today to discuss the possibilities of establishing an uranium enrichment plant In Australia, the Foreign Ministry said. The meeting Is the first of a series between representatives of the atomic energy Industries of the twoReuter - 104 words
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Article67 1976-11-30 3 Reuter TOKYO, Mon. Japan's steel product exports fell six per cent in October to 3.05 million tonnes from September's 3.24 million but were 38 per cent higher than the 2.21 million In October 1975, the Japan Irdn and Steel Federation said. The total Included 589,628 tonnes toReuter - 67 words
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Page 2 Advertisements
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Advertisement483 1976-11-30 2 All these securities having been sold, this announcement appears as a matter of record only. United Overseas Bank Limited (Incorporated in the Republic of Singapore) U.S. $25,000,000 Floating Rate Notes due 1981 Credit Suisse White Weld Limited Morgan Guaranty and Partners Limited S. G. Warburg Co. Ltd. The Bank of483 words
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Page 2 Miscellaneous
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Miscellaneous316 1976-11-30 2 WEATHER report for 24 hours prior to 7.30 p.m. on Nov 29 at Singapore airport. Maximum temperature 28.5° C Associated humidity 80 Minimum temperature 22.6° C Associated humidity 96 Hours of sunshine 0.15 Rainfall in millimeters Trace Total rainfall for the month 281.7 Total rainy days for the month 20316 words
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Page 3 Advertisements
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Advertisement209 1976-11-30 3 To support 0ver42,500 kilos of tractor, Sime Darby Engineering were called in on the grounafloor. When Tractors Singapore needed specially toughened flooring for their new workshop in Jurong, they chose Masterplate one of the many quality products offered to the Building Construction Industry by Sime Darby Engineering. With a shatterproof209 words
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Page 4 Advertisements
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Advertisement281 1976-11-30 4 11:03 a *4 Hong &> P> p. w%r < j£„. > X I V -m* It ■3 a« r «K! m m ffl 11 i V J# I (M Mm •> •AvV r r* S?Sk >.- ffH l <W\* 1 -v 6 AM-: 10:22 s i v V if OIK281 words
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COMPANY NEWS
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473 1976-11-30 5 KULIM-JSEDC DEAL KULIM Malaysia's proposed deal with the Johore State Economic Development Corporation has been confirmed by shareholders by a substantial majority. Despite strongly worded opposition expressed by a powerful shareholder group at last Friday's extraordinary general meeting to vote on the proposal, a poll473 words
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211 1976-11-30 5 THE rewards of Investing In Malaysia's plantation industry are well reflected by the UK Investment group, Majedie which makes a speciality of investing in rubber and oil palm companies. The group's Income from its quoted Investment rose from £203,000 to £223,478 in the year ended211 words
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Article204 1976-11-30 5 EAST Asiatic Rubber Estates has enjoyed a 97.9 per cent increase in per-tax profits to £224,301 in the first half-year ended Sept. 30, 1976. This exceptional achievement came on the back of the 57.3 per cent Increase in the price of rubber. While the crop204 words
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925 1976-11-30 5 NYT WASHINGTON, Mon. America's steelmakers, who have seldom shied in the past from seeking government protection against low-cost foreign steel imports, are on the warpath again. This time, however, they say their enemy is not Just cheap steel but unfair trading practices by foreignNYT - 925 words
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818 1976-11-30 5 NYT NEW YORK, Mon. More than seven months ago, as pressure from environmentalists mounted, a controversial plan to build a coal-burning power plant atop the scenic Kalparowits Plateau In Southern Utah was abandoned. Since then, the three sponsoring utility companies, anxious to develop theNYT - 818 words
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Article26 1976-11-30 5 ZURICH, Mon The Arbed Finance 80 million franc 5V4 per cent 15-year Swiss loan was priced at 99 K per cent, primary market sources said.26 words
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650 1976-11-30 5 ANOTHER of the Malaysian estate companies reporting much Improved profits Is Muar River, whose annual report and accounts for the year ended March 31, 1976 shows profits of £420,597 against £388,187 despite a near doubling of replanting expenditure. Muar, a public company quoted on the650 words
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COMPANY MEETINGS
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26 1976-11-30 5 THE following company meetings are due: Nov 30, 10 a.m., Registered Office, Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur.26 words
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Article15 1976-11-30 5 Nov 30, 11 a.m. Registered Office, Sungel Way Brewery, Petallng Jaya, Selangor.15 words
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Article18 1976-11-30 5 Nov 30,10.30 a.m., Registered Office, Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur.18 words
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14 1976-11-30 5 Dec 6, 11 a.m.. Registered Office, 73 Beach Street. Penann.14 words
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Article79 1976-11-30 5 TOKYO, Mon. Tokai Bank, one of the country's leading commercial Banks based In Nagoya, Central Japan, said it will set up a wholly-owned financing Institution In Hongkong In December to Improve its banking service In Southeast Asia. The company said the new firm, capitalized at $2.5 million, will79 words
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Article83 1976-11-30 5 UPI NAOOYA, Mon. Toyota Motor Sales said It will market two types of lowpriced multi-purpose vehicles In the Philippines starting on Dec. 2. Placed on the market will be a 15-seat Jeepney, powered by a 1166 c.c. engine, and a three-seat truck with 600-kllogram load capacity, the companyUPI - 83 words
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Article206 1976-11-30 5 FOR the year ended Sept 30, 1976 Killinghall Tin has suffered a setback of 20.3 per cent in pre-tax profit to M 52.40 million. With turnover only a shade lower at $7.10 million compared with $7.19 million previously, it appears that high operating costs have206 words
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Article95 1976-11-30 5 HONOKONO, Mon. Hutchison Financial Corp (HFC) said its shareholders approved the scheme of arrangement under which It will become a wholly owned subsidiary of its parent company Hutchison International. It said In a statement that, subject to court approval. the scheme is expected to become effective on Dec95 words
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Article43 1976-11-30 5 ZURICH, Mon.- The Scandinavian Airlines System will float an 80 million franc, 5.5 per cent, 15-year loan on the Swiss capital market from Dec 9 to 14, Schwelserlsche Bankgessellscaft said as issuing consortium leader. Issue price will be published on Dec 9.43 words
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478 1976-11-30 5 LONDON, Mon. The accountancy profession has again been urged to implement a simple and generally acceptable system of Inflation accounting as soon as possible. This latest call came from Mr. David Orr chairman of Unilever, the Anglo-Dutch group whose products range from478 words
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Article372 1976-11-30 5 Current Ex Dale Total for Total for payment Date payable the year previous year Roth mans 20% Oct. 13 Nov. 30 20% 17.5% U.O.L. Loan 4.3* Nov. 8 Nov. 30 9% 9% Mrntakab 10%+ Nov. 15 Nov. 30 10% 15% Sime Darby 17.5% Oct. 27 Dec. 1 26%372 words
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LATEST RESULTS
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Article64 1976-11-30 5 CHEMICAL COMPANY OF MALAYSIA Pre-tax profit M 519.6 million ($29.7 million) for the year ended Sept 30, 1976. Depreciation was $3.3 million ($3.6 million). Tax was $9.3 million ($l5 million), leaving $10.3 million ($14.7 million). Final dividend 17y* per cent (27'/i per cent), making 35 per64 words
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Article36 1976-11-30 5 INDUSTRIAL ELECTRONICS AND ENGINEERING Pre-tax profit $43,425 ($524,433) for the year ended March 31, 1976 on sales $33.96 million ($48.56 million). Depreciation $496,532 ($491,229). Tax $8,589 ($19,400) and underprovislon $33,720 ($6,070), leaving $1,116 ($498,963).36 words
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Article280 1976-11-30 5 GUARDIAN Royal Exchange Assurance group has announced the following appointments Mr. J.T. McDonough, formerly group manager, Singapore, for Guardian Royal Exchange Assurance, to managing director and general manager for Guardian Royal Exchange Assurance (Malaysia) and Mr. G.L. Ellis, formerly general manager for Guardian Royal Exchange Assurance (Malaysia)280 words
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Page 5 Advertisements
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Advertisement352 1976-11-30 5 Ice to water in 40 minutes under ordinary glass Ice to water in 1 hour 25 minutes under ordinary glass with Scotchtint Without Scotchtint f 0 With Scotchtint Here's your proof: 3M Scotchtint reduces the sunfc heat by more than 75% We put 3M's Scotchtint Sun Control Film to the352 words
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Article1899 1976-11-30 6 SECTION ONE industrials 1976 High Low Compaay Lut Sale ♦crGr'a div Div c'vr Gr'» y'ld P/E Vol (••00) Day High Low 250 206 100 237 186 402 204 248 460 137 170 172 60 185 66 254 149 172 394 39 Acma Alcom Allied Choc Bata Ben1,899 words
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Article1024 1976-11-30 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,024 words
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Article142 1976-11-30 6 SINGAPORE UNIT TRUST (Managers' prices for Nov M) The Commerce. 1.#5 1.75 The Saving Fund 0 92 0 97 B'pore Prog. Fund 0.77 0 82 S pore Security Fund 1.24 1.31 S'pore Invest Fund ON 1.04 ASIA UNIT TRUST (Managers' prices for Nov M) Mai Invest Fund 1.63142 words
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Article140 1976-11-30 6 B O T 8 1/2% 1981 (100.000) (102>48 103S) DBS Converts S 1/2% 1991 (100,000) (978 97*S) D B S 8 1/2% 1982 (IM.OM) (99 *B 100*8) E I B 9% 1982 (100,000) (102WB 103*8) E I B 8 1/4% 1983 (IM.OM) W*S) I B J 8140 words
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Article120 1976-11-30 6 5 1/2% 1/12/77 (1,000,000) (101.688 101.788) 5 1/2% 15/4/78 (1,000,000) (101.728 101.845K 1)101.77 5 1/4% 15/7/78 (1.000.000) (101.408 101.508) (1) 101.43(1)101.45 6 1/2% 15/8/78 (1.000.000) (103.558 103.658) 7% 1/7/79 (1.0M.0M) (104.788 104.858) 5 1/4% 15/10/79 (1.000,000) (100 758 100.90S) C 3/4% 15/6/80 (1.000.000) (102.M8 102 90S) 6120 words
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Article1064 1976-11-30 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. INOUITRIAkI AjlMMtl (1.788 1.888) ATmm (2.10B) (2) 2.U. A. Ch*c lOeiB). A.F.I.1,064 words
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Page 6 Advertisements
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Advertisement119 1976-11-30 6 TBAEOOO START mm win mm moths HUM! SWDIIS DIVISION WOLSEY HALL COURSES Professional Examination Courses Institute of Administrative Management Institute of Bankers Inst, of Chartered Secretaries and Administrators Institute of Statisticians London Chamber of Commerce and Industry Business studies courses Economics Commerce Administrative Practice Secretarial Company Secretarial Practice General Principles119 words
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Article509 1976-11-30 7 PRICES held generally ■te*dy in very .juiet and •elective trading at the Stock Exchange of Singapore yesterday. Support from investor* and speculators remained poor on most fronts. The small gains that attended moet of the volatile issues mainly came from end-of-the month bear-covering activity. The covering activity,509 words
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Article417 1976-11-30 7 THE Kuala Lumpur stock market turned verv quiet yesterday as the lack of interest to deal caused prices to move sideways. There was just no significant buying or selling pressure and with dabblers remaining indifferent and withdrawn, the day's trading volume sank to just 578,000417 words
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142 1976-11-30 7 Reuter MANILA, Mon. The Philippine Cities Service consortium will start this week a series of production tests at Its North Nldo One well off the central Philippine Island of Palawan, the Energy Development Board said. Nldo One adjoins the site where the consortium announcedReuter - 142 words
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INTERNATIONAL COMPANY NEWS
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641 1976-11-30 7 NYT NEW YORK, Mon. With a tender offer for a million shares of its stock at US$5 share. Union Fidelity becomes the latest in a long i list of companies seeking to Increase the equity of large shareholders during a period of depressed stock prices.NYT - 641 words
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179 1976-11-30 7 AP DURHAM, North Carolina. Mon. Liggett Group, parent company of Liggett and Myers Tobacco has disclosed U5109.000 In questionable and possibly Illegal overseas payments by two of Its subsidiaries. In a report filed voluntarily with the Securities and Exchange Commission, Liggett said the payments were madeAP - 179 words
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OVERSEAS MARKETS
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Article425 1976-11-30 7 TOKYO: The market closed lower in moderate trading on Monday with buying interest subsiding In advance of the general election on Dec 5, dealers said. The Dow Jones average declined 25.82 to 4,541.61 with volume 180 million shares. The New Index was 236.57, down 1.66. Constructions and housings were425 words
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Article450 1976-11-30 7 SYDNEY. Energy, resource and export-oriented stocks rose sharply In very active trading on Monday with the 17.5 per cent devaluation of the Australian dollar stimulating strong buying interest, dealers said The Sydney All-Ordlnarles rose 24.35 points to close at 429.24. BHP rose 56 cents to $6.90 and its rights450 words
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Article406 1976-11-30 7 HONGKONG: The market closed sharply higher In moderately active trading on Monday. following the strength of some major local stocks In London on Friday, dealers said. The Hang Seng index rose 11 45 points to close at 400.95 Blue chips led the advance, with Jardine Matheaon gaining 70 cents406 words
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Article96 1976-11-30 7 NOV Peso* Acoje Mining Atlas Con A Atlas Con. B. Bagulo Oold Benguet Con B BF Qoodrlch CDCP IncoB Lep&nto B Marlnduque B Meralco Oriental A Oriental B Phil Overseas PhUex A PhtlexB Plcop A Pic op B purr Podco B San Miguel A San Miguel B Uslphll Vulcan96 words
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Article83 1976-11-30 7 nov n BahU Asia Fibre IIS Bangkok Bank 231 unch Bangkok Invest. 152 unch Bangkok-Metro-politan Bank Bat* 351 ♦2 Berll Jucker 150 1 Charoong Thai Wire 151 unch Dame* Duslt Thanl Faber Merlin First Trust Indo-Thal J And J Ho 157 Jalaprathan Cement 73 -2 Kamasuta 35 Lee Kwang83 words
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Article475 1976-11-30 7 NYT EAST BERLIN, Mon. The Dow Chemical company, a pioneer In trade with Eastern Europe, has entered a new market in East Germany with a long-term agreement with this communist country. As in most pioneer work, the beginning has not been easy forNYT - 475 words
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Article100 1976-11-30 7 NEW YORK, Mon. After putting up a very depressed performance In the first half year, Hudson's Bay recovered strongly In the third quarter to raise net profit by 14.1 per cent to US$B.63 million from $7.56 million for the nine months ended Oct 31, 1976. In the100 words
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Article88 1976-11-30 7 FRANKFURT.Mon. The Inter- American Development Bank plans to raise 100 million marks through a eurobond issue early this week, bond market sources said. Final conditions have not yet been decided but will probably be little different from the seven year maturity and 6% per cent coupon carried by the88 words
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Article69 1976-11-30 7 ZURICH, Mon. Sandoz expects similar net profits this year to 1975 when the group earned 146 million (185 million) francs, the company said In the preliminary prospectus for its forthcoming US$ 120 million issue of convertible bonds/partlclpatlon certificate units. Profits this year again suffered from the higher value of69 words
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Article66 1976-11-30 7 NEW YORK, Mon. Commonwealth Edison has reported 21.9 per cent Increase In net profit to U*****.46 million from $157.01 million for the year ended Oct 31, 1976. The profit increase was achieved on the back of a 10.6 per cent rise in revenue to $1.87 billion from $1.6966 words
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Article66 1976-11-30 7 TOKYO, Mon. Net profit at Tokyo Electric Power fell to 17.59 billion yen from 18.69 billion yen In the first six months ended Sept 30, 1976. The profit setback of six per cent was suffered despite an 8.4 per cent rise in gross sales to 707.19 billion yen from66 words
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Article41 1976-11-30 7 JAKARTA, Mon. Indonesia's state owned oil company Pertamlna said Gulf Oil of the US discovered three national gas deposits and some oil In the South Sulawesi (Celebes) regency of Wajo. It did not give the volume of the finds.41 words
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Article85 1976-11-30 7 TOKYO, Mon. Portfolio sales of Japanese stocks by foreign Investors exceeded their purchases for the third consecutive month in October due to a slump In the Tokyo stock market and slow recovery of the world economy, the Finance Ministry said. The Ministry said net sales In October85 words
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Article52 1976-11-30 7 MELBOURNE, Mon. Ansett Transport Industries said it bought for cash Royal Bank of Scotland's whole shareholding in Associated Securities. It paid 33 Australian cents a share for the bank's 15.01 million ASL shares, which represent about 30 per cent of ASL's closing price of 32 cents per share52 words
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Article96 1976-11-30 7 MEXICO CITY, Mon.- The Mexican Government said it bought a majority stake in a salt-mine* here from Japan's Mitsubishi Group. Officials said the government had acquired a 51.49 per cent stake in Empresa Exportadora De Sal, which works a concession in Guerrero Negro 1,770 km northwest of here. The96 words
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714 1976-11-30 7 NYT WASHINGTON, Mon. The beleaguered mutual fund Industry is energetically designing ways to take advantage of a powerful marketing tool that for decades it could only dream about: The use of fund assets to promote new sales. Several proposals including aNYT - 714 words
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Page 7 Advertisements
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Advertisement99 1976-11-30 7 CFfIIRF a BRIGHTER FUTURE in ACCOUNTANCY with FOULKS LYNCH Enrol now with FEDERAL PUBLICATIONS Home Studies Division for the following FOULKS LYNCH Courses Association of Certified Accountants Institute of Cost and Management Accountants Association of International Accountants Institute of Taxation Institute of Accounting Staff Society of Company and Commercial Accountants99 words
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COMMODITY REPORTS AND PRICES
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Article544 1976-11-30 8 DEALERS said after a fractionally higher opening, the Singapore rubber market lost ground on Isolated offerings of nearby topsheets. December was traded around 204.00 cents for most of the morning, while forwards were neglected with differentials tending wider. Turnover was very low. The morning session ruled quiet and544 words
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Article119 1976-11-30 8 DAILY SSR and SMR prices at noon yesterday: R.A.S. Dec. Jan. (Current Mth) (Forward Mth) Buyers Sellers Buyers Sellers (cent>i terkf) (cents per k(> SSR 20 (1-ton Pallet) 188 50 190 50N 189 50 191.50N SSR 50 (1-ton Pallet) 186 00 188 OON 187 00 189 OON119 words
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Article140 1976-11-30 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICLT YESTERDAY. Coconut Oil: Bulk $77 "j sellers, old drum SB2Vt sellers, new drum $87 v, sellers Copra: Mixed (loose) UK/Cont. 147 v, buyers Pepper: Muntok ASTA white f.o.b. 100% NLW S3I7V, sellers. Sarawak white f o b. 96% NLW140 words
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Article138 1976-11-30 8 THE Straits tin price in Pen&ng yesterday rose 0.50 cents to close at $1,242 per plcul as an official offering up 43 tonnes to 313 tonnes. In LONDON yesterday, tin closed fully £24 up for Cash and £12 higher for Three Months In both contracts. The further advance138 words
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Article31 1976-11-30 8 Rubber: Nov 29 Singapore: Dec. 202.75 eU (down 2.00 eta.) Malaysia: Dec. 207.50 cU. (down 1.75 eta) Tin: $1,242 (up .50 cents) Official offering: 313 tonnes (up 43 tonnes)31 words
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Article160 1976-11-30 8 WITH no particular weekend news to Influence it, the Singapore gold market opened at U*****.50 per ounce yesterday. With good volume the price moved up gradually to $130.50 before reacting Just before the close to the opening level of $129.50. There was small business In the kilo bar at160 words
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Article92 1976-11-30 8 LONDON, Mon. Copper wlrebars eased by mostly £4.50 per tonne. Values extended Fridays down trend with light liquidation finding modest support from bear covering and profit taking purchases. The movement reflected continued lack of significant physical activity and the steady build up In LME warehouse stocks. The latest Increase92 words
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Article62 1976-11-30 8 LONDON, Mon. Lead was £0.75 up for Cash and unchanged for Three Months. Trading was slow to develop In the absence of fresh physical demand although the market held around the £291 per tonne level for Three Months. The stocks Increase was less than expected and probably aided the62 words
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Article40 1976-11-30 8 LONDON, Mon. Silver finished 3.1 to 3.5p per troy ounce down. Values were marked lower Initially following the rather sharp decline In New Vork on Friday, dealers said. Thereafter the market held steady In thin trading under light covering.40 words
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Article183 1976-11-30 8 LONDON, Mon. Robusta ended the opening call steady £22 to £59 up with Jan £2,405 compared to £2,346 at Friday's close. Volume was 824 lots. Market sources said the rise reflected the agreement reached by the Colombian Government and coffee planters for Increased domestic prices and higher payments that183 words
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Article60 1976-11-30 8 LONDON, Mon. Zinc eased by fully £2.50 per tonne for cash and £2 for Three Months. Values drifted lower under liquidation and hedge selling prompted by the trend in copper as the sizeable fall in LME stocks was generally discounted. Three Months traded £388 In the pre-market down £385.5060 words
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Article77 1976-11-30 8 LONDON, Mon. Terminal opened mostly £1.35 to £2 above Friday's closing levels In sales of 362 lots. But near Dec, which expires today, was being liquidated at the unchan'ged level of £121 per long ton. Prices held steady throughout a quiet morning to finish unchanged in the near Dec77 words
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Article216 1976-11-30 8 BANGKOK, Mon. Indicative prices for rice quoted were: US dollars per tonne FOB bull Bangkok White Rice: 100 per cent Ist class 290. 100 per cent 2nd class 275. 100 per cent im class 270, 5 per cent 256, 10 per cent 237, 15 per cent 234. 20 per216 words
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Article122 1976-11-30 8 Reuter CHICAGO, Mon. A spokesman for Cook Industries of Memphis, confirmed to Reuters that one of its foreign subsidiaries has sold soybean oil to China, but had no further details. He was unable to confirm reports circulating In shipping circles that Cook Industries has fixed aReuter - 122 words
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Article49 1976-11-30 8 LONDON, Mon. Stocks In London Metal Exchange official warehouses at the end of last week: (all in tonnes except silver). Copper rose 3,700 to 592,425 Tin fell 90 to 6,380 Lead rose 450 to 67,450 Zinc fell 3,575 to 105,450 Silver rose 70,000 to 29,180,000 troy ounces.49 words
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983 1976-11-30 8 Financial Times WASHINGTON, Mon. Mr. Jimmy Carter said all through his long and ultimately victorious campaign that America should be the bread-basket of the world and not Its largest arms salesman. Now that the campaign is over, Mr. Carter himself a peanut farmerFinancial Times - 983 words
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154 1976-11-30 8 KUALA LUMPUR. Mon. Peninsular Malaysia's crude palm oil production rose to 112,995 tonnes In September from 102,984 In August, Statistics Department figures show. Crude palm oil exports fell to 53,586 tonnes from 70,380 In August, while stocks at end-September rose to 99,363 tonnes from154 words
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MONEY AND EXCHANGES
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Article630 1976-11-30 8 A certain degree of tightness was reflected in yesterday's domestic money market in Singapore as overnight rates continued to hover around a relatively high 3H per cent at close. Some dealers reported that discount houses were short of overnight funds yesterday although deals on "torn/ next" basis will enable630 words
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Article173 1976-11-30 8 Asian rate ASIAN currency deposit Interbank rates as at cloae on Nov 20 I'S Dollars (Spot) Offer Bid 1 days 4 14/18 4 13/16 1 mth 5 1/16 4 15/16 2 mths 5 3/16 5 1/16 3 mths 5 5/16 5 3/16 6 mths 5 9/16 5 7/16 9 mths173 words
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Article50 1976-11-30 8 RANGE of prices offered by discount house* on Nov 2t: Overnight 3H Call deposit 2 to 3S CM 3-Month Bay Tremsurer bills 3 2 7/B 3-Month Banks bills 3 1/2 3 3/8 3-Month CD 3 V8 3 1/2 •-Month CD 4 3/8 4 1/4 Source: National Discount Co50 words
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Article57 1976-11-30 8 Minimum lending rates (in ACBC 6\ Algemene Bank 6* Bangkok Bank 7'/« Bank of America Bank of China 7* Bank of Tokyo Bank Negara Indonesia 7'4 Chartered Bank 6>, Chase Manhattan 6*4 DBS 6'« First Chicago 6S Citibank 6\ HSBC 7 Indosuez 8* Malayan Banking 6S Mitsui Bank 6H OCBC57 words
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Article219 1976-11-30 8 LONDON, Mon. Sterling and other major currencies opened steady against the dollar, moving a little higher where changed, dealers said. The Australian and New Zealand devaluations had no early impact on trading, although some dealers feel some pressure on weak European currencies may arise. The Canadian dollar was traded219 words
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Article268 1976-11-30 8 HONGKONG, Mon. The US dollar was quoted at HK54.7520/70 In late trading, nearly four cents down on its high of $4.7930/7950 and against Friday's closing $4.7710/30, dealers said. They added that the size of the movement took the market by surprise with some dealers suggesting that a slight tightening268 words
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Article139 1976-11-30 8 TOKYO, Mon. The US discounted and a large dollar for overnight delivery proportion for Japanclosed moderately higher at Australia trade uses US 295.65 yen, compared with dollar for settlement, they 295.50 at the opening and said. 295.49 at Friday's close. Dollars for immediate Dealers said the US delivery finished139 words
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Article141 1976-11-30 8 Euro rates LONDON, Mon. Period Eurodollar rates up to six months opened lower, while longer positions and shorts were unchanged, dealers said. Hongkong and Singapore interest made for an initial flurry, but other trading was slow In line with usual Monday morning conditions, dealers said. The easier trend was ascribed141 words
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Article39 1976-11-30 8 AUSTRALIA/ NZ exchanges on Nov 29: Australia: Sterling 0.6212/ 0.6135 US dollar 1.0198/ 1.0150 Ninety day air mall buying rates Sterling 0.6519, US dollars 1.0433 Ninety day forward buying rates: Sterling 0.6397, US dollars 1.0211 New Zealand: Unavailable.39 words
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Article32 1976-11-30 8 FRANFURT exchanges opening quotes on Nov 29. US 2.4020/35 Can 2.3745/55 UK 3.950/965 Neth 95.65/80 Swltz 98.40/55 Italy 2.77/78 France 48.07/22 Norw 45.00/06 Belg com 6.530/545 Belg fin 6.52/53 Japan 0.8130/4532 words
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Article357 1976-11-30 8 LONDON, Mon. Eurobonds traded mostly steady in quiet trading, dealers said. US Issues posted occasional small rises, but most bonds were little changed. In first time dealings, the Credit National $100 million BVi per cent Eurobond due 1986 and priced at 99, traded around 96*4 97Vi after opening357 words
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Page 8 Advertisements
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Advertisement441 1976-11-30 8 You have only one face make die best of it Advice from Business Times. If your corporate face isn 7 as good as it could he Business Times can help change it for the better. Few people place their trust in a total stranger. This has to be one of441 words
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TRANSPORT AND COMMUNICATIONS
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1951 1976-11-30 9 KEVIN RAFFERTY - THE ASIAN HIGHWAY PATHWAY TO COMRADESHIP KEVIN RAFFERTY reports from Kuala Lumpur that the old trade route across Asia is now being opened KEVIN RAFFERTY MODERN man prides himself on his vast advances. The world Is his oyster, and with the coming of space travel, not Just the world, but1,951 words
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Article364 1976-11-30 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Blue Shark (Hoez) (2200) 24/25 Bunga Raya (after Straat Luzon) 13/14 Kyosei Maru (JDWL) (1700 Draft not to exceed 3.2 m) 29/30 L&bu (0700 26 Murrayeverett (2300 after Hoegh Orkld) 47 Ovanes Tumanyan (after Tonsberg) 35/36 Rajah Brooke (0600 20 West Samson (0600364 words
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Article544 1976-11-30 9 ARRIVALS Service I-ocel I Operator Number Time From CAL CI 331 0040 TPE/HKQ/KUL TVIA TL303B 0215 BEY/DXB/ BOM/KUL JAL JL712 1000 HLP SIA SQ211 1010 HLP GIA QA980 1030 HLP QIA QA908 1100 MES CALTEX PKCFD 1130 PKU 8AS SK971 1130 CPH/BKK SIA 8Q201 1200 HLP SIA544 words
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Page 9 Advertisements
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Advertisement984 1976-11-30 9 Your chance to own a piece of history The original bowl is currently in the Museum of Fine Arts. Boston. It was acquired by the museum in 1949. For this exclusive worldwide offer, 1776 copies have been made which corresponds to the year of the Independence of the United States.984 words
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Advertisement61 1976-11-30 9 v •> ?< L'f ,<• I. «■<■ pp 31 •Ni 4 Send completed form to: Promotion* Dept.. Timet Publishing Bhd, Timet Houm. 390 Kim Sen* Road. Singapore 9. Please send me (number) LIBERTY BOWL(S) registered under the following names: I enclose a crossed cheque for S (*2500 per Bowl) payable61 words
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Article, Illustration621 1976-11-30 10 HUBERT WILLIAMS - By HUBERT WILLIAMS Reuter THE ruling People's National Congress (PNC) has told the people of Guyana to begin considering whether they could live without milk and bread. This grim possibility has been held out by the government at a time of deep economic crisisReuter - 621 words
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683 1976-11-30 10 LLOYD TIMERLAKE - By LLOYD TIMERLAKE Reuter IN WHAT could prove key test cas£s for Britain's nuclear Industry, a large trade union is seeking damages for families of three nuclear fuel workers who died of cancer-like diseases after prolonged exposure to radiation. SolicitorsReuter - 683 words
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Article635 1976-11-30 10 JOHN WORRALL - By JOHN WORRALL Financial Times KENYA HAS always been overshadowed In cotton Eroductlon by Its nelghours, Tanzania, Uganda, Ethiopia, and, of course the Sudan. Nobody quite knows why, because the climate Is right, and so Is the soil, and water 14 not all that farFinancial Times - 635 words
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Article, Illustration641 1976-11-30 10 R. STAFFORD - Bv R. STAFFORD UPI ONE OF the most nervous men In Italy la Oen. Dlno Clarlo, the air force commander as well he might be, with an air fleet that Is about to fall out of the sky from old age. AsUPI - 641 words
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756 1976-11-30 10 LETTER TO THE EDITOR I WOULD like to thank Business Times for keeping the small shareholders of Sime Darby informed on the latest development in the "Battle of the Giants". .When bull elephants are locked in mortal combat, only their trumpetings are heard756 words
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Page 10 Advertisements
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Advertisement99 1976-11-30 10 A wealth of answers to scientific phenomena ijii: science lIKKAKV M 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 the99 words
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Page 11 Advertisements
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Advertisement1567 1976-11-30 11 Sime Darby Hidings Limited A letter to shareholders from N.M. Rothschild Soils limited Sime Darby has its roots within the ASEAN region and Hong Kong, in which ithas most of its assets and from which it earns over 9t5% of its profits and where the vast majority of its shareholders1,567 words
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153 1976-11-30 12 Reuter MANILA, Mon. Labour costs In the Philippines were the lowest In East and South-east Asia as of the end of last year, registering almost no change from 1974 levels according to a private survey published today. The survey, conducted early this year by theReuter - 153 words
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Article80 1976-11-30 12 Reuter BANGKOK, Mon. Thailand has been In contact with the World Bank, Saudi Arabia and other financial sources for a loan of 20 billion baht (552.45 billion) to improve its military strength, Defence Minister Admiral Sa-ngad Chaloryoo said today. He told reporters that some of the moneyReuter - 80 words
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Article780 1976-11-30 12 LONDON. Mon. Australian shares were lower following the devaluation news but lack of selling pressure caused some Issues to close above the day's lows. Interest In domestic Issues was slack. Dealers said Investors were unwilling to open new positions while the terms of the IMF loan were still780 words
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230 1976-11-30 12 MORE than $300 million worth of projects are on hand at Batam Island, and several Singapore and International firms are competing for the contracts. Tenders are requested for dredging In Batu Ampar harbour, building works landscaping and roadworks at Sekupang road230 words
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187 1976-11-30 12 THE use of sophisticated computer technology by government, business and industry in Singapore has been increasing so rapidly that by 1980, demand is expected to reach $70 million. This was due to the increasing reliance on computers by the Government, statutory bodies, transportation,187 words
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Article104 1976-11-30 12 NEPTUNE Orient Lines (NOL), Singapore's national shipping line, has awarded a $42 million contract to Jurong Shipyard. NOL, which Is expanding its worldwide chartering business, signed the contract for two Freedom vessels with Jurong Shipyard last week. Each of the 15,000 dwt vessels will be104 words
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520 1976-11-30 12 SINGAPORE'S burgeoning financial markets are entering a period of necessary consolidation from which a "sustainable" rate of future growth can be achieved, according to senior monetary officials and bankers. They emphasise this need for controlled growth and continuing supervision of the financial institutions in520 words
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Article596 1976-11-30 12 KUALA LUMPUR, Mon. The Police Co-operative Society Berhad (SKP) paid M 54.3 million to.acquire a 51 per cent Interest In the Oriental Bank. SKP general manager Mohamad Zaln Hajl Daud told Business Times that steps were being taken to reorganise the bank into a596 words
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402 1976-11-30 12 DEVALUATION AFTERMATH AP SYDNEY, Mon. Australians are expected to go on a pre-Christmas buying spree to snap up stocks of imported consumer goods, as controversy developed today over the Government's 17.5 per cent devaluation of the Australian dollar over the weekend. The Government expects theAP - 402 words
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Article202 1976-11-30 12 Reuter CANBERRA, Mon. The Australian Government decided on a further increase in official interest rates to help offset the inflationary impact of the 17.5 per cent devaluation of the Australian dollar. Treasurer Phillip Lynch said. "Action on the monetary front is particularly necessary to ensure thatReuter - 202 words
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Article321 1976-11-30 12 PLANS are underway to form an Asean body of accountanta. A two-day meeting, starting on Dec 17, will be beld in Kuala Lumpur to discuss the objectives of this proposed organisation. This was revealed yesterday by officials of the Singapore Society of Accountants at a press conference presided321 words
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Article119 1976-11-30 12 Reuter SYDNEY. Mon. A 24hour total blackout of radio and television programmes by the Australian Broadcasting Commission (ABC) came Into effect In New South Wales today. The strike by employees protesting at an alleged government threat to the network's Independence will also stop an estimated 80Reuter - 119 words
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312 1976-11-30 12 Reuter SYDNEY, Mon. Strong pressure will build up over the next six months for the Australian Government to at least partially reverse today's 17.5 per cent devaluation of the Australian dollar, economists told Reuters. Importers are now likely to defer payment to overseas suppliersReuter - 312 words
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Article34 1976-11-30 12 AP CANBERRA, Mon. The Australian Government today took the first step towards choosing a new technical fighter aircraft to enter service with the Australian air force In the early 1980's. APAP - 34 words
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AUSSIE $ REACTION
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Article189 1976-11-30 12 THE tthoiioot effect of Australia's 17.5 per cent devaluation on Singapore is a rundown of now fortign investment here, for two retioif, First, tbooe potential Australian investors who are at present conducting investment feasibility studios here may lose their enthusiaam. Secondly, the advantage accruing from devaluation to a non-Australian189 words
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Article85 1976-11-30 12 Reuter SUVA, (FIJI), Mon. The Fiji dollar was devalued by 5.6 per cent today following the 17.5 per cent devaluation of the Australian currency. Finance Minister Mr. Charles Stlnson told the House of Representatives the Fiji dollar would depreciate by 5.6 per cent against a basket of currencies andReuter - 85 words
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Article51 1976-11-30 12 Reuter JAKARTA, Mon. Indonesian traders said today the devaluation had not much effect on money market and business activities here, as transaction was mainly in American dollars except for Indo-nesian-Australian bilateral trade. The new unofficial rate of the Australian dollar was recorded at 420 ruplahs about 17 per centReuter - 51 words
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Article76 1976-11-30 12 Reuter HONGKONG, Mon. The Australian dollar was quoted at U551.0175 on the foreign exchange here today almost exactly the new official rate after its 17.5 per cent devaluation. The Australian currency was quoted at $1.2330 last Friday. Dealers said there was little business In the Australian dollar whileReuter - 76 words
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Article29 1976-11-30 12 Reuter SYDNEY, Mon. Mount Isa Mines (MIM) said it raised its copper price by 13.5 per cent to Asl,lBo per tonne, effective tomorrow, because of the devaluation.Reuter - 29 words
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280 1976-11-30 12 AP TOKYO, Mon. Japanese Government officials and businessmen said today they were studying any possible Impact of the 17.5 per cent devaluation of the Australian dollar on JapanAustralian trade, which amounts to about five per cent of Japan's overall annual foreign trade. "The AustralianAP - 280 words
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Article298 1976-11-30 12 Reuter BANGKOK, Mon. Banks in Thailand today temporarily suspended dealing In Australian dollars following last night's 17.5 per cent devaluation. Dealing was expected to resume tomorrow, bank officials said. Some hotels also suspended dealings, but others said they were changing Australian dollars at a rate of 19.75 baht toReuter - 298 words
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Article192 1976-11-30 12 AP JOHANNESBURG, Mon. Australia's 17.5 per cent devaluation could severely hit South Africa's drive to win a substantial slice of mineral exports to the Far East, an area where they are strong competitors, observers predicted here today. The new parity of 1.0174 against the US dollar compared withAP - 192 words
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Page 12 Advertisements
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Advertisement119 1976-11-30 12 AMANO The Best Name in Time Recorders i AMANO 9000 seriesThe only clock in the world which controls subsidiary clocks without using a Master Clock. Operates on a quartz system the most accurate system for timing clocks. Dependable power reserves. Automatic date change, irrespective of length of months. Allows more119 words
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Advertisement59 1976-11-30 12 VISIT TNE Jt INDUSTRIAL ip PROCESS v CONTROLS INSTRUMENTATION EXHIBITION December 7-10,1976 12 noon 7 p.m. daily Featuring pneumatic/automation control valves, valve postioners, electronic/pneumatic transmitters, controllers, and regulators, indicators, recorders, transducers, monitors, oxygen analysers, annunciators, ellipsometers, vertical turbomolecular vacuum pumps, rectified power matched DC motors, etc US TRADE CENTER MALAYAN59 words
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