The Business Times, 15 December 1976
1976-12-15
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The Business Times
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Title Section10 1976-12-15 1 BUSINESS TIMES M.C.(P) 1455/76 WEDNESDAY, DECEMBER 15, 1976 50 CENTS10 words
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NEWS IN BRIEF
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Article55 1976-12-15 1 MORITA Singapore a Joint venture company set up between Morita Fire Pump and Morlta Tokisohu Klko of Japan plans to set up a $2 million fire extinguisher plant in Jurong, with trial production scheduled to start next year. The company has long-term plans to manufacture fire fighting55 words
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Article47 1976-12-15 1 SINGAPORE Automotive Private Engineering, a Government-owned company mainly involved in the servicing of Singapore Armed Forces' vehicles and KlocknerHumboldt-Deutz, is believed to be having discussions on the setting up of a Joint venture plant to assemble dlesel trucks for the domestic and regional markets.47 words
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Article44 1976-12-15 1 LONDON, Tues. Britain's trade deficit with the rest of the world Increased in November to £510 million (552.13 billion) the Government reported today. This was a sharp deterioration from the October trade figures, which showed a deficit of £354 million. Reuter.44 words
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Article49 1976-12-15 1 UPI HONGKONG, Tues. China's Institute of Computing Technology has recently built a large, high-speed electronic computer with integrated circuits, the New China News Agency (NCNA) said today. "This is a new achievement following a one-million-operatlon-per-second electronic computer with integrated circuits made In 1973," NCNA said. UPIUPI - 49 words
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Article66 1976-12-15 1 AP TOKYO, Tues. Chinese scientists have developed a hybrid rice that yields 20 to 30 per cent more than currently grown varieties and requires fewer seeds and less manpower, a Peking broadcast said today. Official Hslnhua News Agency added, "It brought even greater increases where farming conditions andAP - 66 words
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Article48 1976-12-15 1 KUALA LUMPUR, Tues. Deputy Bank Negara Governor Datuk (Dr.) Arshad Ayub said today that the Third Malaysian Plan commemorative coins would be on sale tomorrow. He said the denominations of these 14-slded coins which are legal tender were $200 fold, $10 silver and $1 cupro-nlckel.48 words
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Article63 1976-12-15 1 Reuter VIENNA, Tues. Rumania sent a high-level mission to China today, adding to speculation that a new attempt to mediate the Slno-Sovlet political conflict may be under way. Bucharest diplomats said they were surprised by a sudden announcement that Deputy Prime Minister Gheorghe Oprea was on his wayReuter - 63 words
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Article44 1976-12-15 1 UPI NEW YORK, Tues Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 971.49, down 2.75; 20 transp 230.34, up 0.04; 15 utils 105.29, down 0.15; 65 stocks 315.38, down 0.58. UPI.UPI - 44 words
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Chief Price Changes
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Article, Illustration163 1976-12-15 1 THE Stock Exchange of Singapore turned quiet and easier yesterday ahead of the Organisation of Petroleum Exporting Countries meeting. Profit-Taking sent prices lower and losses ranged up to two per cent in extreme cases. The Business Times index fell 3.24 points to 252.17 while the Straits Times163 words
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Article119 1976-12-15 1 Foils A. HI lam $11.00 -.20 O.C.B.C. t 7.80 -.10 P. Chem. 2.57 -.07 Slme Darby t 3.44 -.00 D.B.8. 3.88 -.06 U.O.B 3.44 -.06 Sel Dredge 3.72 -.06 Con. Plant. 3.36 -.06 M. Banking f 6.39 -.05 C.CM 4.14 -.04 Dunlop Ind. 2 98 -.04 Rises119 words
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1126 1976-12-15 1 COLIN CHEE - ON CONFIDENTIAL BASIS FROM S'PORE? By COLIN CHEE PRESIDENT Suharto of Indonesia has been receiving trade statistics from Singapore on a confidential basis for some time now, according to reliable sources. In other words, a normalisation process has already begun between the two countries.1,126 words
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800 1976-12-15 1 Reuter THE moment for which much of the world has been waiting so anxiously and so long dawns today in the tiny Oulf promontory of Qatar, when the 13 Opec ministers open the meeting that will decide the new price of oil. ThereReuter - 800 words
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600 1976-12-15 1 Reuter AP STERLING rose to its highest level In nearly three months on the Singapore foreign exchange market yesterday, In anticipation of the British Government's package of austerity measures due to be announced today by Mr. Denis Healey, Chancellor of the Excheouer. Opening atReuter; AP - 600 words
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331 1976-12-15 1 THE new chairman of Slme Darby Holdings, Tun Tan Slew Sin, yesterday pledged that he would do all in his power to ensure that the new board operates as a cohesive team as soon as possible. This pledge was made in a letter331 words
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426 1976-12-15 1 THE softening of Japanese bond market rates may have saved the Singapore Government nearly $1 million over the life of Its 10 billion yen ($83.33 million) bond Issue signed yesterday In Tokyo. The Issue was made at a coupon rate of 8.9426 words
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Article166 1976-12-15 1 Reuter HONGKONG, Tues. Hutchison International today said it is not prepared to make a bid for Wheelock Marden without additional Information on the company. Hutchison said that while it believes that, given sufficient Information, it could formulate terms likely to be of considerable Interest toReuter - 166 words
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Page 1 Advertisements
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Advertisement47 1976-12-15 1 witn a reputation tot Unrivalled Security and Fair Dealing over 131 years, Our Clients can be Assured. looks after you. Fast 18th Fir., Ocean Building, Collyer Quay, Singapore 1. Tel: ***** *****1. INSIDE P3 Transport ft Commuaicstkma Pt Pwtnm PlO Locil ft Overseas PS mwi Pl 2.47 words
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Advertisement73 1976-12-15 1 S T Dupont pen? aie superbly desiqned and beautifully crafted Fountain pens from $340* to S2SS Ball point pens from $190* to $140 Gold, silver with Chinese lacquer clip or full Chinese lacquer. Diamond-mounted pens with 7 or 25 diamonds pucd from $995* to $335 'The above are curient Singapore73 words
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Advertisement164 1976-12-15 1 NOW Cool healthy pollution ft e e drtving is POSSIBLE COOL /MASTER CAB A»» CONDITIONER PUREACE AW PURFCR See Back Page SEE PAGE 5 Any person sealed at this desk can do the work of three people Yes. one person to handle all customer accounts. Calculate and complete invoices. Prepare164 words
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OVERSEAS
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277 1976-12-15 2 Axed privileges of govt workers AP BUENOS AIRES, Tuea. The Argentine Military Government, seeking to reduce the power of labour unions, this week eliminated special privileges that 1.5 million Government workers gained under the former Peronlst regime. These concessions Included longer vacations, extended sick leave, higher overtime fees and sharpAP - 277 words
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Article59 1976-12-15 2 LOS ANOELEB, Tues. Mr. Henry Hwang, 49, president of the Far East National Bank, was kidnapped at gunpoint by an Oriental man yesterday, drugged and forced to arrange payment of US$3OO,OOO (8$741,000) in ransom, he told police. An attendant found Mr. Hwang sitting on a bench In59 words
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Article40 1976-12-15 2 UPI AP OTTAWA, Tues. Canada's population was 23,143,000 on July 1, Statistics Canada estimates released yesterday show. The estimates, projected on 1971 census figures, show the population grew by 312,000 between July, 1975, and July 1978. AP.UPI; AP - 40 words
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Article128 1976-12-15 2 UPI TOKYO, Tues. Major Japanese companies spent an estimated US$233 million (*****.5 million) in the three years ending in June, 1976, for political contributions, bribes and payments to secret agents, the National Tax Office said today. The Tax Office hopes to carry out a thorough InvestigationUPI - 128 words
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Article68 1976-12-15 2 Reuter LONDON, Tues. Industry Secretary Eric Varley told Parliament the Government is disappointed with progress on achievement of planning agreements. If Industry does not cooperate, the government might have to take stock of the situation and lay propo- sals before Parliament to improve It, he said. TheReuter - 68 words
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241 1976-12-15 2 AP ATLANTA. Tues. Puklai to complete kii Cabinet before the Christmas holiday, US Presiden t-e lect Carter is an nounclag at least fear cabinet-level choices this weak, with a woman likely to he named Commerce Secretary for the first time in AmericanAP - 241 words
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196 1976-12-15 2 AP NEW YORK, Tues. Foreign ownership of businesses In the United States accounts for a very small part of the total American economy, the Conference Board says. Despite foreign acquisitions of several US firms over the past few years, the totalAP - 196 words
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329 1976-12-15 2 Reuter GENEVA, Tues. Most scheduled airlines flying the North Atlantic have agreed on a new one-year fares package which will put up Glees on the New Yorkndon run by 1.5 to 11 per cent from next April, It was announced today. Canadian, Spanish, PortugueseReuter - 329 words
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175 1976-12-15 2 UPI WASHINGTON, Tues. American and Bovlet officials are meeting In Moscow this week for three days of consultation on pain trade, the Agriculture Department says. Officials said in a statement yesterday that the semi-annual consultation required under a fiveyear grain trade agreement signed InUPI - 175 words
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Article282 1976-12-15 2 AP WASHINGTON, Tues. A government analysis shows that the U8 wheat stock Blie8 lie by next June 1 will be tie largest since the huge grain surpluses of the early *****. The Agriculture Department said yesterday that wheat left over from 1976 and earlier harvestsAP - 282 words
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Article139 1976-12-15 2 Reuter LONDON, Tues. British Prime Minister James Callaghan, addressing the Labour Economic, Finance and Taxation Association, gave notice of legislation to protect depositors against what he termed Imprudent commercial behaviour, and said the Government Intended bringing In new laws on Insider dealing and imposing controls on companyReuter - 139 words
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Article, Illustration312 1976-12-15 2 FINANCIAL TIMES LONDON. Tues. Mr. Mac Donald (above), a merchant banker who Is a director of Hill Samuel and chairman of the Issuing Houses Association, is to succeed Mr. Martin Harris as director general of the City Takeover Panel on AprilFINANCIAL TIMES - 312 words
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Article374 1976-12-15 2 AP MANILA, Tues. Chances of a "breakthrough" In the American-Philippine military bases negotiations after Mr. Jimmy Carter succeeds outgoing President Ford In Washington next month "should be more than even," the newspaper Manila Bulletin said today In Its editorial. The negotiations for a new agreement toAP - 374 words
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Article63 1976-12-15 2 AP BANGKOK, Tues. Police yesterday raided a Bangkok factory which has been Illegally producing millions of dollars worth of cosmetics and perfumes bearing wellknown foreign brand names, police said today. Authorities said the factory, equipped with modern machines and a laboratory, had turned out cosmetics and perfumes underAP - 63 words
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Article57 1976-12-15 2 Reuter MOSCOW, Tues. A lowlevel Soviet Communist Party delegation left here yesterday for Israel to attend the 18th congress of the Israeli Communist Party, Tass News Agency reported. The delegation Is led by Mr. Alexander Aksyonov, second secretary of the Communist Party of Russia and a memberReuter - 57 words
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269 1976-12-15 2 AP WASHINGTON, Tues. A year of labour negotiations looms for the American economy, and forecasters say unions are likely to help President-elect Jimmy Carter's anti-lnflatlon efforts by keeping wage increases moderate. The help is more likely to result from economic circumstances rather thanAP - 269 words
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Article244 1976-12-15 2 Reuter TOKYO, Tues. Japanese Prime Minister Takeo Mlkl will shortly reply to his Australian counterpart Malcolm Fraser who has Sro tested in a letter against a pan's beef Import cutback, a Qovernment spokesman said today. He said Mr. Mlkl had discussed the contents of hisReuter - 244 words
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263 1976-12-15 2 Reuter LONDON, Tues. A commercial television film shown here tonight alleged that many Hongkong employers were breaking the British colony's labour law forbidding employment of children under 14 years In factories. The programme, World In Action, concentrated on Hongkong's fourth largest industry Toy-making and filmedReuter - 263 words
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Article313 1976-12-15 2 UPI SEOUL, Tues. A government controlled English dally newspaper today severely criticised Canada for restricting textile Imports from South Korea. The nationally circulated Korea Herald said in an editorial: "The recent Canadian imposition of import restrictions on Korean textile goods under Its global Import quota isUPI - 313 words
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169 1976-12-15 2 AP NEW YORK, Tues. Soaring coffee prices have prompted officials of at least two American supermarket chains to suggest that their customers switch to other beverages to try to bring the prices down. Mr. Kenneth Knese, area manager for the nine Justrite stores in KansasAP - 169 words
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665 1976-12-15 3 FISHING ZONE MARCH 31, 1977 DATELINE BRUSSELS, Tuesday UPI Reuter EUROPEAN Common Market countries decided last night that no East bloc or other third countries will be allowed to fish In their common 320 km zone after March 31, 1977, unless theyUPI; Reuter - 665 words
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Article, Illustration334 1976-12-15 3 UPI PARIS, Tues. Prance faces a week of sporadic electricity, gas and mail service, from today with unions calling on workers to stage 48-hour strikes protesting the government's antl-lnflatlon austerity plan. Employees in the staterun electricity and gas company were summoned to demonstrateUPI - 334 words
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112 1976-12-15 3 Reuter BERNE, Tues. The Swiss economy Is expected to continue stagnating unless capital spending Increases globally, which currently seems uncertain, the Commission for Economic Research at the Swiss Economics Ministry said. Unemployment in the country is expected to rise slightly in the winter months, reflectingReuter - 112 words
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Article76 1976-12-15 3 Reuter WASHINGTON, Tues. British and American officials met over the weekend to discuss British proposals to deal with the problem of sterling balances held by foreign governments, Informed sources said last night. "Sir Derek Mitchell, second permanent secretary of the British Treasury, met twice over theReuter - 76 words
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361 1976-12-15 3 UPI TOKYO, Tues. The Japanese Economic Research Council forecast today that world crude oil supply will tighten again in the 1980s, owing to uncertain factors in the strategy of the oil-producing countries and a downtrend in their production. The private research body, operated byUPI - 361 words
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177 1976-12-15 3 Reuter BOON, Tues. West German Chancellor Helmut Schmidt will announce a medium and long-term Investment programme to a government policy declaration to Parliament on Thursday, government sources said. Its aim will be to improve the country's overall growth and employment prospects, though there Is noReuter - 177 words
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Article94 1976-12-15 3 Reuter LONDON, Tues. Trade union acceptance of a third phase of wage restraint could be adversely affected If the British Government agrees to a deflationary package as a condition for an International Monetary Fund loan, Trades Union congress general secretary, Mr. Len Murray said. Mr. Murray,Reuter - 94 words
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289 1976-12-15 3 BRUSSELS, Tues. Reuter THE Common Market last night stepped up pressure on Japaa to get it to cut its massive trade surplus with the nine-nation Community, EEC officials said. The officials said French Foreign Ministers Louis Do Guiringaud took the load atReuter - 289 words
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351 1976-12-15 3 AP UNITED NATIONS. Tom. The United States alone ▼•tod yesterday against resolution calling on developed countries to transfer their "real resources" to developing nations "on a predictable, continuous and increasingly assured basis." By vote of 74-1 with 19 abstentions, the General Assembly's economic committeeAP - 351 words
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Article168 1976-12-15 3 Reuter TOKYO, Mon. A European Common Market delegation Is expected to visit Japan early next month to seek exemption for EEC cars from Japan's 1978 emission control standards, International Trade and Industry Minister Toshlo Komoto said. He told a press conference the Cabinet wouldReuter - 168 words
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Article, Illustration811 1976-12-15 3 CLYDE FARNSWORTH - By CLYDE FARNSWORTH NYT THE plight of jobless youth has fallen over Western Europe. As In the United States, it Is school dropouts often from the least favoured social strata, often with Inadequate vocational training or an educationNYT; UPI picture. - 811 words
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Page 2 Advertisements
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Advertisement215 1976-12-15 2 THEODOR WILLE 2 Hamburg 11, Alter Wall 10 Phone: (040) 36 96-1 Telex: 02-***** T OUR HOVE fjr Whether you're buying from or selling to Europe, our Representative in the South East Asian countries can now put you in direct contact with us, if you need: FINANCING CONFIRMING PURCHASING of215 words
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Page 2 Miscellaneous
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Miscellaneous50 1976-12-15 2 WEATHER report for 24 hour* prior to 7.30 p.m. on Dec 14 at Singapore airport. Maximum temperature 26.8° C Associated humidity 85 Minimum temperature 23.6° C Associated humidity 99 Hours of sunshine 0.20 Rainfall in millimeters 11.4 Total rainfall for the month 30.3 Total rainy days for the month 550 words
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Miscellaneous270 1976-12-15 2 SINGAPORE 5 3.00 P.M. Opening Announcements followed by Serbanika (Malay) (r) 330 Diary of Events (Malay) 335 General Hospital 4.15 Fokas (Malay) (r) 430 Intermission 5.55 P.M. Opening Announcements followed by Secret of ISIS "Funny Girl" 6.20 Consumers' Guide (English/ Malay) 6.30 News in Brief 635 Wildlife in Crisis "Crocodiles270 words
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Page 3 Advertisements
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Advertisement324 1976-12-15 3 Many cars offer some of the things a\foivo does. No car in die same class offers all the things a\folvo does. This sounds like quite a claim. But if you check this list against any other car of the same class, you'll find that we're not just making idle talk.324 words
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COMPANY NEWS
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1011 1976-12-15 4 AFTER going through what It describes as a "stormy" year In 1975/78 "at some considerable expenses" South Johore Amalgamated Holdings Is optimistic that the current year ending March 31, 1977 will show a vast Improvement. According to SJA chairman, Datuk Abdul Rahman bin Hajl1,011 words
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1228 1976-12-15 4 PROFITS shown in the latest report and accounts of Central Securities (Holdings) show a substantial improvement. However, the balance sheet still shows considerable signs of strain. The annual accounts, for the year ended May 31,1976, show a Jump In pre-tax profit of almost M 53.71,228 words
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458 1976-12-15 4 THE severe cash-flow problem suffered by Sea View Hotel will ease when rental Income from the lease of its annex building to Yaohan Singapore begins following In from April next year. The extent of the severity of Its cash-flow problem Is reflected458 words
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Article395 1976-12-15 4 Current Ex Data Tetalfor Total far payment Data payaUe the year previoui ya ffmiTin 7.5* Not. 12 Dec. 15 7.5* NIL KM.LO«M* 10* Not. 24 Dec. 18 10*+ 26.67* U.LC 20* Dee. 6 Dec. 18 20* 18.3*c Toakika 12*TE Not. 16 Dec. 20 12*TE 12*TE Mtkfaff 5*+ Not.395 words
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LATEST RESULTS
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Article43 1976-12-15 4 SINGAPORE FINANCE Oroup pre-tax operating profit $1.84 million ($1.42 million) for the first six months ended Oct 31, 1976. Loans outstanding after deducting doubtful debts of $1.67 million ($664,755) totalled $70.10 million ($69.77 million). Company pre-tax profit $1.79 million ($1.35 million).43 words
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Article51 1976-12-15 4 SOUTH EAST ASIA LUMBER CORP. Oroup pre-tax profit M 546,844 (loss $3.31 million) for the year ended June 30, 1976. Tax $68,482 ($24,737) leaving after-tax profit $115,326 (loss $3.34 million). Expenditure carried forward written off $42,234 ($72,653) and minority Interest $112,204 ($681,174) making attributable loss of $39,112 ($2.7351 words
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Article88 1976-12-15 4 LARUT Tin Fields said Its subsidiary Syarlkat Haslll (Haslll) will cease mining operations at the end of this year because the Trengannu Government rejected Haslll's application for mining leases and certificates for three years beginning next January. Larut's investment In Haslll formed Its largest single88 words
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Article74 1976-12-15 4 ALLIED Chocolate Industries paid HK512,500 for Its 25 per cent Interest in General Consolidated Co., of Hongkong. The company says In a reply to the Stock Exchange of Singapore that the 125, 000 shares of 10 cents'each were issued at par value. ACI has said that74 words
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752 1976-12-15 4 PAHANQ Consolidated chairman Datuk Syed Nahar's assessment of the year ended July 31, 1970, as "a difficult year" is obviously no overstatement. During the year, Pahang's profit from Its main activity, mining, suffered a drastic 84 per cent cutback to M 5325,033. A further dent752 words
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COMPANY MEETINGS
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24 1976-12-15 4 THE following company meetings are due: Dec 18, 9 a.m.. Registered Office, 13th Floor, UIC Building, Shenton Way, Singapore 1.24 words
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Article20 1976-12-15 4 Dec 18, 12 noon, Conference Room of Ooontlng L Chew, No. 7 Jalan Raja Abdullah, Kuala Lumpur.20 words
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17 1976-12-15 4 William Jacks Company (Malaya) Bhd.: Dec 18, 12 noon, Registered Office, Jalan 13/14 (Jalan Bersatu), Petallng Jaya.17 words
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20 1976-12-15 4 Dec 23, 10 a.m., Registered Office, 197 A, 4 3/4 m.s. Jalan Scudal, Johor Baru.20 words
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Article35 1976-12-15 4 Dec 23, 12 noon, 10 mile, Federal Highway, Sungei Way, Selangor. Sovran Industries Bhd.: Dec 29, 11 a.m., Conference Room, 14th Floor, Bangunan Hong Leong, 117 Jalan Bandar, Kuala Lumpur.35 words
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19 1976-12-15 4 Dec 29, 9.30 a.m., Registered Office, Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur19 words
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Article14 1976-12-15 4 Dec 29, 12 noon, 72-A Jalan Tampoi, Johore Bahru, Johore.14 words
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Article13 1976-12-15 4 Dec 30,11 a.m.. Registered Office, 16 Jalan Tangsl, Kuala Lumpur.13 words
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Article12 1976-12-15 4 Dec 30, 11.30 a.m., 70 Jalan Ampang, Kuala Lumpur.12 words
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16 1976-12-15 4 Dec 30, 12 noon, Registered Office, 16 Jalan Tangsl, Kuala Lumpur.16 words
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Article1064 1976-12-15 4 On December 13 PRICES were mostly lower on the Chicago Board Options Exchange on December 13. Declines led advances 268 to 197. Volume approximated 74,332 off from 79,457 last Friday. OPTION JAN APL JLY STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel1,064 words
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Page 4 Advertisements
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Advertisement85 1976-12-15 4 A wealth of answers to scientific phenomena LIFE SCIENCE A LIBRARY 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 the85 words
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INTERNATIONAL COMPANY NEWS
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Article718 1976-12-15 5 NYT LO6 ANGELES, Tues. In terms of Its sales of US$B billion annually, Atlantic Richfield ranks only eighth among the nation's oil giants, but It has been stirring up controversy In many areas with some bold and Imaginative actions the last decade, particularly this year. TheNYT - 718 words
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Article140 1976-12-15 5 Reuter LONDON, Tues. Glaxo Holdings chairman and chief executive, Mr. Austin Bide, told Reuters he hopes the group will have a direct stake in the US market within 12 months. At present its products are sold in the US under licence by Scherlng Plough of NewReuter - 140 words
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Article100 1976-12-15 5 LONDON, Tues. Sime Darby London, a subsidiary of Sime Darby Holdings, said it acquired a 19.99 per cent stake in ButterfieldHarvey from William Baird unit, Scottish Border Cashmere, for £1.14 million cash. Sime said it does not intend making an offer for the remaining shares. It added100 words
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Article131 1976-12-15 5 Reuter AMSTERDAM, Tues. The Finance Ministry may issue a state loan shortly, possibly with a coupon of BV4 per cent or even 8% per cent and priced at par, capital market sources said. Strong private demand for recent Issues and falling Dutch interest rates are expected toReuter - 131 words
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Article119 1976-12-15 5 Reuter NEW YORK, Tues. New York City and Municipal Assistance Corp officials and lawyers for Flushing National Bank will hold a breakfast meeting tomorrow to draw up a final plan on how to repay US<l billion in city notes, a MAC spokesman said. New York state appealsReuter - 119 words
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Article294 1976-12-15 5 FRANKFURT, Tues The German motor Industry this year is forecasting the highest profit/sales ratio for seven years, but the outlook for 1977 is clouded by the possibility of slackening demand in both domestic and export markets, a spokesman for the German Motor Industry Association said. The profit-sales294 words
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Article144 1976-12-15 5 LONDON, Tues The total number of workers laid off at the two Jaguar car factories at Coventry of Leyland Cars, a British Leyland subsidiary, Is now 4,000 and no talks on the lnter-unlon dispute which caused the layoffs are planned, a company spokesman said. Leaders of the Transport144 words
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Article78 1976-12-15 5 TORONTO, Tues General Motors of Canada said a new three-year agreement was ratified by members of the United Auto Workers Union employed by GM In eight plants In Ontario and Quebec. The contract provides an Increase of over C 51.75 an hour to $8.25 an hour over78 words
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Article189 1976-12-15 5 Reuter MONTREAL, Tues. Alcan Aluminium said It sees Improved 1977 earnlhgs and an Increase in shipments of about 10 per cent over 1976. J.H. Hale, executive vice Gsldent, finance, said 1976 ustry shipments showed good recovery over 1975 but still were below 1973-74 levels. He predictedReuter - 189 words
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Article166 1976-12-15 5 Reuter KYOTO, Tues. Net consolidated Income at Kyoto Ceramic rose to US$l4.7 million from $9.1 million on sales up to $83 million from $53.5 million for the first half-year ended Sept 30, 1976. Net income per share was 40 cents compared with 26 cents last time. KyotoReuter - 166 words
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Article584 1976-12-15 5 NYT NEW YORK, Tues. For cable television companies, the picture Is brighter and the colour on the ledgers is improving. Cable subscribers rose from 4.5 million In 1970 to 7.3 million in 1973 to 9.8 million In 1975. By the end of this year, almost 12 millionNYT - 584 words
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670 1976-12-15 5 NYT NEW YORK, Tubs. Rohr Industries, which experienced such heavy losses producing cars for San Francisco's and Washington DC's rapid transit system that It pulled out of the rail car business, suddenly blossomed In last week's stock market. After It was learned on ThursdayNYT - 670 words
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Briefly
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Article92 1976-12-15 5 Reuter MELBOURNE, Tues. Gold Mines of Kalgoorlle (GMK) said that following the decision to maintain mine production it will still need to seek additional funds from shareholders. Partners In Kalgoorlle Mining Associates announced last week that production will continue. GMK said there will be no financial benefitReuter - 92 words
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Article69 1976-12-15 5 NEW YORK, Tues. Sony of America said It will add a second US$4 million manufacturing facility at Its new magnetic video tape factory now under construction In Dothan, Alabama. The second plant will make plastic shells for Betamax video cassettes and construction will be completed around October 1977, Sony69 words
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Article25 1976-12-15 5 LONDON, Tues. Norges Kommunal Bank USB6O million, BVi per cent bond due 1991 was priced at 99tt Ber cent, lead manager restdeutsche Landebank said.25 words
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Article62 1976-12-15 5 Reuter BRUSSELS, Tues. The EEC Commission said It granted Stahlwerke Roech-llng-Burbach a 200 million mark loan to help finance long-term Investment. The funds will be used In switching most production to the oxygen method, expanding slab and block steel production capacity and modernising the blast furnace and rolled steelReuter - 62 words
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Article73 1976-12-15 5 WASHINGTON, Tues. The Securities and Exchange Commission suspended trading In Penn Central Transportation and 24 related railroad stocks for 10 days from yesterday. The SEC said the suspensions, which last through Dec 22 are at the request of Penn Central Transportation, pending announcement of the company's proposed reorganisation73 words
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Article49 1976-12-15 5 LONDON, Tues. Marathon Shipbuilding (UK) Mcylydeside subsidiary of Marathon Manufacturing of the US, said it will suspend 1,000 workers on Friday because there is no oil rig construction work for them, the press association reported. A mass meeting of the men voted to accept suspension rather than redundancies.49 words
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Article69 1976-12-15 5 Coal Allied Reuter SYDNEY, Tue». Coal and Allied Industries chairman, Mr. W. Howard Smith said results for the first five months of the year ending June 30,1977, are well below those of the same year earlier period. He noted that under the present economic conditions In Japan and the presentReuter - 69 words
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Article96 1976-12-15 5 SYDNEY, Tues. -US direct Investment in Australia row by US$2B9 million to $5 billion in 1975, the American Chamber of Commerce in Australia said. Quoting figures supplied by the Economic Analysis bureau In Washington, its bimonthly journal said the 1975 Investment growth was 6.1 per cent compared with an96 words
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Article36 1976-12-15 5 MONTREAL, Tues. Canadian Pacific said It raised the semi-annual dividend on common stock to 46 1/2 cents a share from 39 1/2 cents. Canadian funds, payable Jan 28, to shareholders registered on Dec 29.36 words
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Article110 1976-12-15 5 HONGKONG, Tues. San Miguel has raised its third interim dividend to 16 HK cents from 15 cents, making a total of 46 cents (45 cents) so far for the current year. The dividend is payable on Dec 23 to shareholders registered on Dec 18. The company said It110 words
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Article48 1976-12-15 5 PERTH, Tues. A fiveweek long strike by train drivers at Mount Newman Mining has been settled. The strike led to 2,500 workers being stood down at the mine and port, banked up 22 ships outside the port and cost the company As3s million in lost production.48 words
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Article23 1976-12-15 5 FRANKFURT, Tues. Copenhagen Handelsbank is making a 60 million mark 7* per cent, seven-year private placement at par, bond market sources said.23 words
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Article30 1976-12-15 5 FRANKFURT, Tues. A 10-year 7Y» per cent, 100 million mark Eurobond for ICI International Finance of Bermuda was priced at par, a spokesman for lead manager Dresdner Bank said.30 words
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Article181 1976-12-15 5 Reuter FRANKFURT, Tues. Metallgesellschaft said 1975/76 group earnings rose despite further losses In Its aluminium participation and manufacturing sectors. Provisional group sales to third parties were 18 per cent higher at 6.18 billion marks. The chairman, Mr Karl Oustav Ratjen, also told reporters profits will rise, butReuter - 181 words
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Article187 1976-12-15 5 Reuter ST. LOUIS, Tues. Monsanto said It expects current year net Income to range between US$37O million and $380 million, or between $10.15 and $10.40 a primary share. In 1975 the company earned $306.3 million, or $8.63 a primary share. Mosanto said 1976 year earnings per diluted shareReuter - 187 words
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188 1976-12-15 5 LONDON, Tues. Broken Hill South said It plans a four-for-flve rights issue to raise A 519.75 million. Proceeds will be made available for BH South's wholly-owned subsidiary Queensland Phosphate to develop the one million tonne per annum first stage of the Duchess phosphate deposits.188 words
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Article180 1976-12-15 5 Reuter ROME, Tues. Esso Italiana expects to make a loss after depreciation this vear of between 80 and 90 billion lire because of higher crude oil costs, the fall in the lira, tardy revision of controlled Italian oil prices and other cost increases, a spokesman said. LastReuter - 180 words
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Article120 1976-12-15 5 LONDON, Tues. A 58.8 per cent jump in pre-tax profit to £17.61 million from £11.09 million has been reported by Marley for the year ended Oct 31, 1976. The profit increase came on the back of a 34.5 per cent rise In sales to £202.9 million from120 words
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Page 5 Advertisements
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Advertisement105 1976-12-15 5 Here Is Your Answer! I these are your hot drink headaches Time lost while drinks are made. Even more time lost sending out for them. Work disrupted by exodus to neighbouring caf6. Resentment over drink-making rotas. Complaints about stale and tepid drinks. Demands for a wider choice of drinks. Things105 words
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Article1954 1976-12-15 6 SECTION ONE INDUSTRIALS 1978 High Low Company Last Sale +«rGr's dlv Div c'rr Gr's y'W Nat P/E Vol C898) Day Hick Low 175* 206 100 237 180 402 204 248 460 137 135* 172 60 185 66 254 149 172 394 39 Acma Alcom Allied Choc Bata1,954 words
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Article1097 1976-12-15 6 BID and offer price* 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 Board1,097 words
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Article1237 1976-12-15 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 or 1,000 units unless otherwise specified. INDUSTRIAL* A|in«mata (1.H38 1.888). Alaam (2.108 2.158) Al««. Hat d (0.858). A.1,237 words
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Article148 1976-12-15 6 SINGAPORE UNIT TRUST (Manager*• price far Dm IS) Tit* Commerce 1.70 l.M TTie Saving Fund o m on 8'poreProt. Fund 0.78 0 83 S pore Security Fund.. l.M 1.33 Spore Invect Fund roe i.m ASIA UNIT TRUST (Manager* pricet i for Dw 15) Mai Inveet Fund l.M 1.75148 words
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Article93 1976-12-15 6 B O T 8 1/2% 1981 (100,000) (102*B 103*8) D B 8 8 1/2% 1982 (100,000) (99K8 100*8) D B 8 Converts S 1/2% 1991 (100,000) (978 97*8) E I B 8 1/4% 1983 (100,000) (99K8 99*8) Keppel 9% 1983 (100,000) (99'48 100*8) N M B 8 1/2%93 words
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Article115 1976-12-15 6 5 1/2% 1/12/77 (1,000.000) (101.558 101.658) 5 1/2% IS/4/78 (1,000,000) (101.558 101.638) 5 1/4% 15/7/78 (1,000,000) (101.208 101 308( (1) 101.25(1) 101.27. C 1/2% IS/8/78 (1,000.000) (103.308 103.408) 7% 1/7/79 (1,000,000) (104.808 104.908) 5 1/4% 15/10/79 (1,000,000) (100.658 100.808) 6 3/4% 15/5/80 (1,000,000) (102.958 103.058) 6 3/4%115 words
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Page 6 Advertisements
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Advertisement221 1976-12-15 6 l- r ,1 1 f -;-v. '.v.-w; r,; s ic;?v :v* if a > Alex Josey has tong been an observer, recorder and commentator of the Singapore scene, tn this hew book, he examines and explains the success of Singapore's tripartite alliance of Government, workers and employers. A substantial part221 words
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Article465 1976-12-15 7 AHEAD at ths misllag of the minister* of Organisation at Petroleum Exporting Countries, the Stock Exchange of Hinge pore turned quiet and eerier yeeterday. It would iwiir that Moot of the bargain hunting had been done in the last fortnight and early this week. Yesterday465 words
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Article427 1976-12-15 7 PRICES fell across the board In fairly active trading on the Kuala Lumpur share market yesterday. Profit-taking following Monday's rally was the main cause for the reversal In trend. Nervous selling of a mild nature was also evident as caution ruled on the eve of427 words
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150 1976-12-15 7 Reuter LONDON, Tues. Pye Holdings said Philips of Eindhoven proposes to acquire for cash the Pye group's 50 per cent holding In Coronet Industries of Hongkong to give It full control. Coronet manufactures radio products for export. pye also said Philip s unit PhilipsReuter - 150 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article994 1976-12-15 7 NEW YORK: Stocks were Arm in active trading amid profit taking and portfolio switching on Monday. Analysts said there was little in the news to move the market off dead center although they said a number of investors may have moved to the sidelines awaiting an oil price994 words
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Article264 1976-12-15 7 ZURICH: The market on Monday continued Irregular in cautious trading ahead of the OPEC conference In Qatar on a possible oil price rise. Small gains and losses were about equal Beaks and lasoraaees were narrowly mixed. Among financial Bally and Juveaa continued to drift Tower. Behind lw bearer met264 words
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Article262 1976-12-15 7 TORONTO: WnUrs OUs lost nearly point In the Index over the faut hour but still cloeed up 1.35 in light trading on the Toronto market on Monday. The industrial Index, paced by moderate declines among the banks, closed slightly lower. The gold Index dropped Marly nine points in response262 words
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Article277 1976-12-15 7 AMSTERDAM: Most share* lost some ground In dull conditions on Monday dealers said. Hoocovani and Akao lost most In Dutch Internationals. Uailaver edged higher. Philips finished unchanged after Friday's announced higher Interim dividend for 1976 and moderate optimism for 1977. Banks and Insurances were mixed. Fakkar, Ike and Bargoea277 words
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Article228 1976-12-15 7 FRANKFURT: Most shares lost up to one mark In very quiet, featureiees trading on Monday market sources said. Among sharper losses, Heeshet fell 1.90 marks, Stsmsae 1.90, Thyeesn 2.40 and VW two marks among stores and engineerings. Karetadt and Liade lost 2.50 each, while Keafhef fell three. MetallgeseOochafk, expected228 words
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Article383 1976-12-15 7 PARIS: Shares closed lower on Monday, continuing Friday's downward trend, dealers said. Buyers were discouraged by the lower large Industrial production Index, the large third quarter balance of payments deficit and prospects of strikes tomorrow and Wednesday In electricity and gas Industries, they said. Constructions and Electric*ls fell most,383 words
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Article378 1976-12-15 7 JOHANNESBURG: Gold shares eased through the day In line with overseas bullion indications in quiet trading, on Monday dealers said. Among relatively untraded heavyweights, E Dries lost 40 cents to 1,020 and Freguk 50 cents to 1,775. Harmoay dropped 20 cents to 485 following an accident at the mine378 words
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Article498 1976-12-15 7 TOKYO: The market closed slightly lower In moderate trading on Tuesday with a waiting sentiment prevailing ahead of the OPEC conference opening in Doha tomorrow, dealers said. The Dow Jones average lost 20.44 to 4,731.05 with volume 190 million shares,' while the New index closed at 363.46, down 0.60.498 words
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Article154 1976-12-15 7 MILAN: The market closed lower on Monday over a broad front on light profit-taking while the approaching endaccount restricted trading, dealers said. Fist, both Pirelli, Montedison, Snis Viscoa and most other leading Industrials eased on lack of interest after opening lower. Insurances were also lower as were Banks and154 words
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Article145 1976-12-15 7 BRUSSELS: Belgian shares on Monday closed mixed in a quiet market with very small price changes, dealers said Sofina, Sidro and Wagons-Lite all rose, while Asturienae, Hobok— ami rnrkarill were lower. In foretjgi. stocks UK shares were higher, German and US narrowly mixed and Dutch and French generally lower.145 words
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Article178 1976-12-15 7 MANILA: Share prices eased on Tuesday at selling pressure Increased turnover In minings and oils, dealers said. Minings were depressed by the general weakness in oils, despite a consistent rise In metal prices, and commercials also fell, they said. Atlas Ceas A and B, Bagide Gold, Lepaate B, PhiWx178 words
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Article452 1976-12-15 7 BYDNEY: Late buying support on Tuesday helped most sectors of the market regain ground lost on Monday, dealers said. Market leader BHP firmed six cents to A 57.34 and CSR nine to $3.60. Psncontinentsl recaptured the $9 mark with a 30-cent rise to $9.10 while Hamersley gained 10 to452 words
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Article84 1976-12-15 7 DEC M Batau 47Asia Fibre HOB 4-1 Bangkok Bank m •2 Bangkok In vast Bangkok-Metro-1M 4-1 FSC3 K18 uncti Bartl Jueker L .*1. Charoorif Thai 151 uncti Wtrc Dumex DualtThanl Faber Merlin nratTruat 1568 -1 Indo-Thal 1708 1 And i Ho ISO ♦3 JalapraUian 78 ♦I Cement Karnaauta LeeKvanf84 words
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Article334 1976-12-15 7 HONOKONO: The market closed mixed on late buying support after an easier opening on profit taking after Monday's gains, dealers said. The Hang Seng Index fell 0.51 point to cloee at 416.71. Trading was much quieter than yesterday, with Investors adopting a wait-and-see attitude ahead of the OPEC meeting334 words
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Article100 1976-12-15 7 FINANCIAL TIMES INDUSTRIALS Monday 333.7 Friday 330.1 Week ago 310.1 TINS Monday 118.95 Friday 119.04 Week ago 116.98 RUBBERS Monday 493.78 Friday 498.90 Week ago 497 .24 OILS Monday 400.65 Friday 403.97 Week ago 405.Ml DOW JONES AVERAGE INDUSTRIALS Monday 974.'24 Friday 973 15 Week ago 961 .77 LONDON100 words
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Page 7 Advertisements
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Advertisement176 1976-12-15 7 Confront Singapore's decision makers in Business Times Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who For only $3.50 per single column centimetre176 words
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COMMODITY REPORTS AND PRICES
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Article614 1976-12-15 8 OPENING prices in the Singapore rubber market yesterday were a shade higher and the market held fairly steady In quiet trading in the early part of the morning, they said. After noon, prices hardened on covering interest and fresh buying from both local and upcountry markets. Covering of614 words
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Article97 1976-12-15 8 R.A.S. Dae. (Current Mth) Buyer* Seller* (cent* per Jaa. (Forward Mth) Buyers Sailers (eeats per kg) DAILY SSR and SMR prices at noon yesterday: SSR 20 (1-ton Pallets 183.00 185 OON SSR SO (1-ton Pallets) 180.50 182 SON 184.00 181.SO 186.OON 183. SON M.R.E.L.B. SMRSCV SMR SL97 words
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Article255 1976-12-15 8 THE Btralts tin price in Penang yesterday was up $6.37 to to $1,252.50 on an official offering down 17 tonnes to 253 tonnes. In LONDON yesterday, tin closed around £2 down for Cash but £7 up for Three Months in the standard contract. High grade was £2 lower255 words
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Article30 1976-12-15 8 Rubber: Dec 14 Siagapwo: Dec. 196.25 cts (up 2.2$ eta.) Malaysia: Jan. 200.00 ct«. a 2.75 eta) $1,262.50 (up $€.37 to) Official offering: 263 tonnes (down 17 tonnes)30 words
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Article81 1976-12-15 8 LONDON, Tues. Lead gained about £0.75 per tonne for Cash and £0.25 for Three Months. This metal was subdued reflecting slow physical demand but values held steady In sympathy with the trend in copper, dealers said. Three Months traded upto £293.50 In the ring and upto £294 on the81 words
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Article128 1976-12-15 8 THE following Palm Oil prices were quoted In London on Monday. The prices are elf Rotterdam and are quoted In U8 dollar per long ton unless otherwise stated. Malaysia 5H ffa bulk Monday Prrr. Dec unch 465 sir Jan unch 458 sir Feb/Mch unch 457 sir Sumatra 5%128 words
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Article261 1976-12-15 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut OU: Bulk $82* seller*, old drum 187* teller*, new drum 192* sellers. Copra: Mixed (loose) UK/Cont (51 Pepper: Muntok AST A white f.o.b. 100% NLW $305 sellers. Sarawak white f.o.b. 96% NLW $287* seller*. Sarawak special black261 words
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Article338 1976-12-15 8 IN the Singapore gold market yesterday, the loco London gold opened at U*****.50/135.00 and dipped in subsequent nng» to U*****/134.50 before recovering at the close to U*****.4^134.90. The easier trend was attributed to the weak closings in London and New York where the metal failed to hold above $137.00,338 words
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Article227 1976-12-15 8 LONDON, Tues. Copper wire bars lost £0.50 per tonne for Cash and £1 for Three Months. A softer tendency developed on the premarket under modest liquidation induced by the firmness of sterling which resulted In Three Months business down to £785 per tonne. Subsequently, the lower levels attracted trade227 words
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Article77 1976-12-15 8 LONDON, Tues. Zinc lost mostly £1.25 per tonne. A sagging tendency on the pre-market reflected the strength in sterling and proflttaklng took three months down to £402 per tonne, according to some quarters. The trend was reversed in the ring, however, as bear covering and some fresh buying emerged77 words
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Article229 1976-12-15 8 LONDON, Tues. Robusta futures opened £5 higher with Jan traded at £2,500 per tonne. By the end of the opening call values were £6 higher to £8 lower compared to the previous close and with 201 lots traded, the call tone was officially barely steady. Dealers attributed the mixed229 words
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Article161 1976-12-15 8 CHICAGO, Mon. Wheat futures finished a light trade with gains of 1K to 2% cents a bushel. After easing Initially on light speculative selling, prices were supported by professional and commercial buying and the loss of downward momentum prompted shortcoverlng. Spread buying of wheat against sales of corn also161 words
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Article162 1976-12-15 8 CHICAGO, Mon. Soybean meal futures closed US$2.OO to $0.70 a ton lower while oil futures finished with losses of 0.30 to 0.26 cent a lb. Speculative selling accounted for the weaknesses in the thin trades, with some of the selling generated by the losses posted last Friday. The declines162 words
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Article192 1976-12-15 8 LONDON, Tues. SUver was 0.2 pence lower to unchanged. Values steadied from lower pre-market levels based on the overnight decline at New York and currency factors. Prices ruled steady in the ring under modest covering prompted by the subsequently generally steadier tone in base metals, dealers said. The bullion192 words
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Article174 1976-12-15 8 LONDON, Tues. Terminal sugar recorded first call losses from Monday's close of £0.35 (Dec at £148 bid) to £1.00 per tonne although prices were generally In line with kerb levels. Dealers said the Peru selling tender result appeared to have little effect on sentiment. The London Dally Raws price174 words
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Article197 1976-12-15 8 BANGKOK, Tues. Indicative prices for rice quoted yesterday were: US dollars per tonne (or basis Bangkok White Rice: 100 percent Ist class 290 100 percent 2nd class 275 100 percent 3rd class 270 5 percent 256 10 percent 237 15 percent 234 20 percent 231 25 percent 222 percent197 words
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MONEY AND EXCHANGES
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Article560 1976-12-15 8 INTEREST rates In Singapore's domestic money market continued to hover at low levels reflecting easy conditions in a basically liquid market. Overnight local funds opened yesterday at 2-3/4 per cent and moved upwards to a high of 2-1/2 per cent in mld-mornlng before being traded down to 2-1/8 per560 words
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Article152 1976-12-15 8 Asian rates ASIAN currency depoalt lnMrtan* rate* u at ckwe on Dee 14 f. US DoUan (Spot) OfNr BW 1 day* 4 11/U 4 #/l« 1 mtto (7/1 4 3/4 2 mttu S 4 7/1 SmUu 5 t/l« 4 15/16 mUu S 1/4 S 1/1 mttu 5 J/B 6 1/4152 words
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Article146 1976-12-15 8 Euro rates LONDON, Tues. Period Eurodollar deposits opened slightly harder where changed with a firmer tendency noted from openings In early trading. Shorts moved higher led by overnight, dealers said. Early Hongkong and Singapore interest in periods up to six months, and a continuation of Monday's rollover Interest in Three146 words
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Article320 1976-12-15 8 LONDON, Tues. Sterling opened very firm, moving above US$l.69 in early trading following its overnight gain in New York, dealers said. It traded nearly one cent above Monday's London close of $1.6820/30, making modest gains on the New York $1.6890/6900 close this morning, while its tradeweighted depreciation as measured320 words
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Article121 1976-12-15 8 NEW YORK, Mon Sterling closed at its highest level here since September amid a flurry of buying ahead of the British economic package on Wednesday, dealers said. The pound closed 1-3/4 cents above Friday's close at 11.6890/ 6900 from $1.6710/ 20 and above the $1.6820/ 30 London close121 words
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Article139 1976-12-15 8 HONOKONO, Tues. Sterling eased slightly to U551.6935/6945 in brisk trading from an early morning high of U551.6955/6975, sharply up on the New York close of $1.6890/6900, dealers said. Although some dealers forecast that sterling might rain further to $1.7000 when European markets opened, most said the rise since Monday139 words
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Article124 1976-12-15 8 TOKYO, Tues. The US dollar for overnight delivery closed higher at 295.05 yen compared with 294.80 at the opening and 294.70 at Monday's close. Dealers said the U8 rate recovered moderately on covering by banks to square positions after it fell to 294.65 at one stage on limited selling124 words
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Article59 1976-12-15 8 Minimum lending rates (in ACBC gv 4 Algemene Bank 0* Bangkok Bank 7% Bank of America Bank of China .7* Bank of Tokyo «v 4 Bank Negara Indonesia 7'* Chartered Bank Chase Manhattan DBS 6 >4 First Chicago .6* Citibank 6*. HSBC 7 Indosuez Malayan Banking 6*4 Mitsui Bank 6*59 words
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Article40 1976-12-15 8 ZURICH exchanges quoted on Dec 13. US 2.4533-4540 UK4.1265-1300 Can 2.3065-3085 W. Germ 102.34-40 Neth 08.22-30 France 49.14-17 Belg 6.70K-71 Denm 41.85-87 Norw 46.80-02 Swed 58.76-80 Italy 0.2834-2837 Austria 14.42-44 Port 7.77-70 Spain 3.50-50* Arg 0.85-1 15 Japan 0.8314-83*40 words
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Article46 1976-12-15 8 AUSTRALIA/NZ exchanges quoted on Dec 14. Australia: Sterling 0.6277/0.6205 US dollar 1.0568/1.0520 Ninety day air mail buying rates: Sterling 0.6585 US dollar dollar 1.0817 Ninety day forward buying rates: New Zealand: Sterling 0.5480/0.5430 US dollar 0.0245/0.0145 Ninety day forward rate: Sterling 0.5876/ US dollar 0.0417.46 words
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Article31 1976-12-15 8 FRANKFURT exchanges quoted on Dec 14 US 2.3980/95 Can 2.3405/15 UK 4.050/065 Neth 95.90/96.05 Switz 97.65/80 Italy 2.765/780 France 47.95/48.10 Norw 45.80/90 Belg com 6.540/555 Belg fin 6.535/558 Japan 0.8130/4031 words
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Article281 1976-12-15 8 LONDON, Tues. Eurobonds traded generally steady to a little higher in light to moderate turnover, dealers said. US Issues were mostly steady but some Interest was seen in five year bonds on hopes of lower US short term Interest rates, dealers added. Convertible bonds were steady to a281 words
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Advertisement72 1976-12-15 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times -»eBUSINESS TIMES Subscription Form i Name:. Payment for S is enclosed All subscriptions are payable in advance and should Address be drawn in favour of Times Business Publications Ltd. Send completed72 words
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TRANSPORT AND COMMUNICATIONS
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774 1976-12-15 9 ROBERT EVANS - ROBERT EVANS Reuter AMERICAN and Soviet alrllnes are locked In a seemingly Intractable dlsEute over revenues from the (oscow-New York run which could lead to drastic cuts in tourist traffic from the United States to the Bovlet Union. Although the problem is basicallyReuter - 774 words
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Article, Illustration732 1976-12-15 9 GRAHAM HEATHCOTE - By GRAHAM HEATHCOTE AP FOREIGN ships are a growing hazard to oil and gas operations in the turbulent North Sea, an oil company executive said on Sunday. Mr. Fred Chate, director of Northern Operations for Shell, said communist vessels frequently Ignore internationallyAP - 732 words
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Article, Illustration406 1976-12-15 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Perseus (1100 hauls 45m West) 6/7 Tonsberg (after Perseus hauls) 8/9 Straat Honshu (0700 after Sacramento Maru) (POBC P/O) 15/16 Palm Sea Horse (after Straat Honshu sails) (Subject Oas Free) (POBC P/O) 16 Eastern Mars (H3IT) (1500 after Hlraco) 19 Kunak (0900) 20406 words
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Article201 1976-12-15 9 AP LONDON, Tues. A little more representative fixing on the North American grain trades gave some indication of tone on the London freight market yesterday. Shipowners In the North Atlantic managed to maintain a reasonably steady tone despite the recent lack of inquiry. The J ana Prlya receivedAP - 201 words
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Article162 1976-12-15 9 AP. WOLFSBURG, Tues. Volkswagen chief Mr. Toni Schmuecker said yesterday the company's worldwide sales were up 12.7 per cent to 652,000 units in the first 11 months of 1976 and the trend should continue next year. Volkswagen's total vehicle turnover was 1.64 million duringAP. - 162 words
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Article109 1976-12-15 9 AP TOKYO, Tues. The first train on the 1688 km TransVietnam railroad starting from Saigon arrived at the Hanoi railway station yesterday amidst long applause by thousands of Hanolans, the Vietnam News Agency (VNA) said. VNA, in a braoadcast monitored here, said a freight trainAP - 109 words
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Article565 1976-12-15 9 ARRIVALS 1 ,136TV1CC Local Operator Number Time From TMA TL304B 0530 TPE PAA PA841 0960 SFO/HNL/GUM CAL C1816 1000 HLP JAL JL712 1000 HLP SIA SQ211 1010 HLP CPA CX710 1030 HLP QIA GA980 1030 HLP THAI TQ423 1035 BKK THAI TOM1 1045 BKK QIA GA908 1100565 words
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Page 9 Advertisements
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Advertisement435 1976-12-15 9 f Get off the bandwagon! SINGAPORE TRADE AND INDUSTRY puts its finger on survival techniques for the Singapore businessman in its November issue don't follow the crowd, diversify, and fast! The Republic's leading monthly economic review examines practical applications of this principle with its in-depth coverage this month of the435 words
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Article, Illustration42 1976-12-15 10 OILMEN a tough and special breed SOME OF THE MOST POWERFUL OIL EXECUTIVES FROM THE UNITED STATES, BRITAIN AND THE NETHERLANDS WERE IN MALAYSIA RECENTLY FOR NEGOTIATIONS WITH PETRONAS Mr. O'Loughlin Mr. Walvoord Dr. Hu Mr. Schuurmani Raja Mohar Tan Sri Kadir42 words
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1431 1976-12-15 10 THE recently concluded oil negotiations have brought to Malaysia a new kind of experience In dealing with yet another breed of foreign Investors the tough breed of oilmen. During the height of the negotiations. Kuala Lumpur saw the comings and goings on some1,431 words
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841 1976-12-15 10 PETER MOSLEY - By PETER MOSLEY Reuter THE fear of black revolution has provoked a boom In gun sales among white South Africans. Gunsmiths report heavily overstocked order books for weapons generally highly priced by international standards. When stocks arrive often imported via devous routes because ofReuter - 841 words
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Article776 1976-12-15 10 P. CHUTKOW - B'desh a ray of hope By P. CHUTKOW AP. BANOLADEBH remains decades away from food self-sufficiency, but a good rice crop for the second year In a row has brought farmer Amln Uddln a tenuous ray of hope."I get a belly full of rice and pulse (Beans) every day nowAP. - 776 words
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Page 10 Advertisements
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Advertisement442 1976-12-15 10 APPOINTMENTS A leading Bank with an International branch network has vacancies for INVESTMENT ANALYST PROJECT ANALYST These positions will suit graduates with Accounting, Business Administration or Economics qualifications preferably with at least two years' proven experience In similar or related fields. Candidates must have a keen and analytical mind, capable442 words
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Advertisement342 1976-12-15 10 Area Sales Manager (Singapore) Samsonite Corporation has an immediate need for an Area Sales Manager to be located in Singapore. The successful candidate should possess a formal business education and 2-5 years selling experience The candidate must also be bilingual (English/Chinese) and capable of working independently. Position responsibilities will include342 words
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Page 11 Advertisements
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Advertisement459 1976-12-15 11 How advertisers can mount a campaign aimed at businessmen Tactical information from Business Times 1. Know what you are up against. If you want to advertise to businessmen you have to decide how to reach them. Here's what you are up against: 1. Direct Mail. There's nothing wrong with direct459 words
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298 1976-12-15 12 THE Keppel Shipyard group appears to be headed for a static (if not a declining) profits performance In the current year. Figures issued in support of its latest 935 million bond offering in the market show that in the nine months to Sept 30,298 words
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Article164 1976-12-15 12 WORKERS' Party secretary general, Mr. J.B. Jeyaretnam, yesterday said that some institutions in Singapore support the PAP because they depend on the Oovernment's patronage. Big companies, foreign companies and large local companies do not want the people to come forward even though It is their right,164 words
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Article769 1976-12-15 12 LONDON, Tues. The stock market closed lower, extending earlier falls after the sharp deficit in the UK trade balance for November. At 3 p.m., the Financial Times Index was eight points down at 325.7 on profittaking. The trade data produced a mark-down but dealers reported little selling pressure.769 words
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Article, Illustration203 1976-12-15 12 MITUTOYO Manufacturing, the largest manufacturer of precision measuring tools in the world, is keen to set up a manufacturing plant in Singapore. This was revealed by the company's president, Mr. T. Numata (above), at the official opening of the six-day exhibition of Mitutoyo's203 words
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Article106 1976-12-15 12 THE consumer price Index rose 0.6 per cent In November after five consecutive months of decline. The rise Is attributable to higher food prices, mainly fish, vegetables and coffee powder. Food prices rose one per cent but remained lower than the November 1975 figure106 words
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Article100 1976-12-15 12 MEMBERS of the public are reminded by the Board of Commissioners of Currency, Singapore, that the deadline for redeeming the old Malayan currency notes and coins Into Singapore currency Is Dec 31 this year. The old Malayan currency Issued by the Board of Commissioners100 words
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Article45 1976-12-15 12 THE public Is Invited to comment on seven draft specifications by the Standards Council of the Singapore Institute of Standards and Industrial Research. The new specifications deal with Industrial safety helmets, capacitors, fuse links, hatch wedges. Jibs, leading blocks and vegetq£>le cooking oil.45 words
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530 1976-12-15 12 LONDON, Tues. Singapore remains a valuable export market In spite of the recent world recession, the subsequent loss of Its oil markets In South Vietnam, Laos and Cambodia and a reduction In the scale of oil exploration in the region, according to530 words
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Article, Illustration441 1976-12-15 12 AVIATION will continue to make significant contributions towards economic and technological progress in Asean, especially with the Imminent arrival of supersonic aircraft In the region. "And in the face of an expanding network of air communications in the region," said Mr. Ong Teng441 words
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Article232 1976-12-15 12 SINGAPOREANS must be vigilant against communist and pro-communist elements who want to wreck the prosperity and political stability of the country. This was stressed by Dr. Lau Telk Soon, People's Action Party's (PAP) candidate for Serangoon Garden during a political rally last night. He pointed232 words
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317 1976-12-15 12 KUALA LUMPUR, Tues. Banks and finance companies were urged today to ensure that their loans are distributed evenly to the various sectors of the economy, Irrespective of size of business or race. Finance Minister Tengku Razalelgh Hamzah said managers and other officers In banks and317 words
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254 1976-12-15 12 THE People's Action Party has dropped six Members of the previous Parliament from its list of candidates for the Dec 23 general election. They are Professor Wong Lin Ken, former MP for Alexandra; Haji Mohamed Ariff bin Suradi (Kampong Kembangan); Mr. Sim Boon254 words
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Article, Illustration51 1976-12-15 12 TOKYO, Tues. Singapore's ambassador to Japan, Mr Wee Mon Cheng (second from left), toasting with presidents and executives of Japanese securities companies after signing an agreement with them on the sale of Singapore bonds totalling 10 billion yen (5583.4 million) at the Imperial Hotel here. UPIUPI Pix. - 51 words
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183 1976-12-15 12 NISSHO-IWAI, Japan s fifth largest trading organisation, and Furukawa Electric have won a $11.3 million order from the National Electricity Board of Malaysia, for the construcUon of an overhead 209 km transmission line from Malacca to Scudal. The two companies are scheduled to start183 words
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257 1976-12-15 12 DR. Lee Slew Choh, the Barisan Soclalls leader, challenged the Prime Minister last night to let the people decide on the Issue of national service by holding a referendum on It. National service, he said at a rally In Queen Street, should not257 words
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Article187 1976-12-15 12 AP MANILA, Tues. President Marcos conferred today with his finance and economic experts In efforts to tackle budgetary problems, Presidential Palace sources said. The sources said Finance Secretary Cesar Virata was expected to present a package of tax measures to raise in 1977 an additional revenueAP - 187 words
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Article70 1976-12-15 12 Reuter TOKYO, Tues. Japan's South West Airline Co said It signed a letter of Intent with Boeing Co to buy three Boeing 737 aircraft with an option for a further one for delivery between April 1978 and December 1980. It said it chose the 737 toReuter - 70 words
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132 1976-12-15 12 KUALA LUMPUR, Tues. Burma expects to have better trade relations with Malaysia soon, the Burmese Agricultural Minister U Thlen Han, said today. U Thlen Han who arrived at the Subang Airport for a 10-day visit to Malaysia, said there is a great possibility132 words
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Advertisement127 1976-12-15 12 NEW (1976) EDITION OF DBS DAIWA'S MANUAL IS AVAILABLE NOW FOR YOUR INVESTMENT IN THE SINGAPORE MALAYSIA STOCK MARKETS THE MANUAL PRESENTS LATEST AVAILABLE DATA ANALYSIS OF 170 LEADING STOCKS IDDS-DAIWA SECURITIES INTERNATIONAL LIMITED PODIUM SI7, DBS BUILDIH6. SHINTON WAY, SIMCAPOtE 1. TELEX: RS *****/*$ ***** ANS. BACK: DBSOAWA TIL:127 words
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