The Business Times, 17 December 1976
1976-12-17
1
12
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The Business Times
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Title Section10 1976-12-17 1 BUSINESS TIMES M.C.(P) 1455/76 FRIDAY, DECEMBER 17, 1976 50 CENTS10 words
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NEWS IN BRIEF
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Article96 1976-12-17 1 Reuter JAKARTA, Thurs. Asean Foreign Ministers are planning a commemorative conference In Singapore to mark the anniversary of the Association's first summit meeting held In Ball last February, government sources said here today. The Ministers would take the opportunity at the Singapore meeting to sign twoReuter - 96 words
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Article61 1976-12-17 1 UPI MOSCOW, Thurs. The Soviet Union appears to have harvested a record grain crop this year and probably will not make any more purchases from the United States in the immediate future, a Department of Agricultural official said today. Mr. Richard Veil, said he drew these conclusionsUPI - 61 words
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Article59 1976-12-17 1 AP MANILA, Thurs. The Asian Development Bank approved today a concessional loan of US$3 million (557,3 million) and a technical assistance grant for expansion of the acltvltles of the Development Bank of Western Samoa. The foan is for 40 years, including a 10-year grace period, withAP - 59 words
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Article62 1976-12-17 1 Reuter TAIPEH, Thurs. The Chase Manhattan Bank of the United States agreed to extend a US$lO million (about 5524.6 million) loan to the Taiwan Sugar Corporation in a contract signed here today. The loan will be repaid in eight Installments In four years starting from theReuter - 62 words
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Article70 1976-12-17 1 Reuter IPOH, Thurs. Two Malaysian soldiers were killed today In a Jungle north of here when they stepped on communist booby traps, security officials said. The troops were patrolling In a Jungled area infiltrated by the Guerillas of the outlawed Communist Party of Malaya (CPM). TheReuter - 70 words
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Article47 1976-12-17 1 KUALA LUMPUR, Thurs. Remittances outside Malaysia amounted to M 511,444 million In 1974 and 1975, Deputy Finance Minister Mr. Richard Ho told the Dewan Rakyat today. He said that most of these remittances were made In order to pay for Imports Into Malaysia.47 words
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Article36 1976-12-17 1 LONDON, Thurs. Reconsideration of the economic package, and some technical correction to yesterday's decline, led to a rise in the Financial Times Index of 10.2 points at 324.0, at 3 p.m. today.36 words
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Article44 1976-12-17 1 UPI NEW YORK, Thurs. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 977.98, down 5.81; 20 transp 233.21, down 1.22; 15 utils 105.35, down 0.51; 65 stocks 317.63, down 1.78. UPIUPI - 44 words
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Chief Price Change
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Article106 1976-12-17 1 Foil* Mott active Pa tallng <2.42 -.13 Haw Par 294,000 O.C.B.C. S7.80 -.10 Central Sugars 128,000 Sime Darby $3 44 -.06 General Lumbers.. 96,000 U.O.B. $3.40 -.08 Slme Darby 87,000 Supreme Corp $1.43 -.07 Total Turnover: 1.37 M DBS $3 88 -.06 Total Value: MS2.41 U Sg.106 words
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Article, Illustration182 1976-12-17 1 THE uncertainty over the outcome of the Opec meeting dampened sentiment at the Stock Exchange of Singapore yesterday. Marginal losses were recorded across a wide front. This resulted in a fall of 4.43 points in the Business Times index which closed at 253.36. Blue chips ended mixed182 words
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Article1255 1976-12-17 1 DESPITE SAUDI 'FREEZE' CALL THE 15 per cent price hike, if eventually upheld, will coat Singapore an additional $235 million in foreign exchange every year, baaed on direct oil consumption alofte. The figure would probably be significantly higher in time when cost of imports follows1,255 words
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680 1976-12-17 1 Reuter LONDON, Thurs The British Government's crisis measures announced last night In order to save the pound and borrow billions of dollars abroad ran Into Immediate trouble on several fronts today. Heads of the Trades Union Congress (TUC) bitterly attacked the new austerity package.Reuter - 680 words
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531 1976-12-17 1 IN recent months, Singaporeans like the rest of the coffee-drinking world have had good reasons to sulk over their dally cup of coffee. For the rise in the Klce of coffee powder durg this period has been nothing short of phenomenal. Since October,531 words
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Article135 1976-12-17 1 Reuter MANILA, Thurs. A group of Aaean officials and business representatives have set up a committee to speed up implementation of a motor vehicle complementation production programme as part of the region's economic Integration, a Joint statement said today. The statement was issued following the second meetingReuter - 135 words
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221 1976-12-17 1 Reuter DOHA, (Qatar), Thurs. The conference of the Organisation of Petroleum Exporting Countries (Opec) will adopt a plan to increase aid to Third World countries, Oil Ministers said today. Iranian chief delegate Dr. Jams hid Amouzegar said all 13 Opec member statesReuter - 221 words
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Article, Illustration493 1976-12-17 1 PRIME Minister Lee Kuan Yew said last night that the problem before Singapore Is not the election "because we will win," but external factors like the threatened Increase In oil prices. Mr. Lee who was speaking at an election rally at Toa Payoh493 words
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126 1976-12-17 1 RADIO and television Singapore announced yesterday that it had allotted air time to five political parties for the first party political broadcast tonight. The People's Action Party (which Is fielding the maximum number of candidates 69) gets the full 12 minutes air time and126 words
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Page 1 Advertisements
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Advertisement64 1976-12-17 1 (S3 UJin BfITTERY LIGHTER Round switch OH button ||||f% Lights first time Ul 111 everytime 8200 CroA life— time service Tel:*****1 UIH ItlM Oveneu newi/TV and Commoditie* P8 Radio P2 Traaaport ud CornOverseas news/Fea- nuleatioH W turn P3 Feature* Pit Local Co aewa P4 Local aad Overieti International Co aewa64 words
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Advertisement103 1976-12-17 1 Copy large size originals on one sheet, size for sizeno trimming, no sticking together. Xerox 3103 No matter what the originals. Up to 14" by 18" or 356 mm by 457 mm. solids. Half tones. Or pale blue. The Xerox 3103 gives perfect reproductions. Every time. Size for size. On103 words
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Advertisement195 1976-12-17 1 „r,/. f por G O L F PTE LTD ffx ddlfcr's shop The Corporate Dollar Capital Idle Working Capital Overheads Taxes Reinvestment Cash if! W mat. i iWMEN V ill Put your idle cash to work with American Express International Banking Corporation Whether you do business in one currency or195 words
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OVERSEAS
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423 1976-12-17 2 POLLS ON POLITICAL REFORM Reuter MADRID, Thurs. The Spanish Government has won overwhelming support for its plans to turn the late General Franco's dictatorship into a parliamentary democracy. With more than 91 per cent of votes counted from yesterday's referendum on political reform, nearlyReuter - 423 words
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248 1976-12-17 2 UPI UNITED NATIONS, Thurs. Egypt yesterday Invited Secretary General Kurt Waldheim to visit Cairo next month, and suggested he make It the first stop on a Middle East tour, presumably to explore the chances of reconvening the Geneva peace conference. A UNUPI - 248 words
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Article84 1976-12-17 2 UPI TOKYO, Thurs. A 1 Japanese mission will be I sent to Britain in February to buy car parts to correct I the trade lnbalance between < Japan and Britain, Industry sources said yesterday. The sources said the mis- i slon, to be dispatched by the < JapanUPI - 84 words
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Article193 1976-12-17 2 Reuter JAKARTA, Thurs. Australian Prime Minister Malcolm Fraaer has warned that there will be no stability in the Indian Ocean if it is dominated by the Soviet Union, the Jakarta daily Merdeka reported today. In an interview with the daily's editor in Canberra recently, Mr.Reuter - 193 words
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Article, Illustration360 1976-12-17 2 Source: James Capel, London. THE fifth IMF gold auction this month proved the most successful to date, with the Erlce a full US$2O (8849) lgher than tfye October auction. Successful bids ranged from $137 to $150, with the average bid being $137.89.Source: James Capel, London. - 360 words
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Article197 1976-12-17 2 PLAINS, Thurs. President-elect Jimmy Carter Is naming Congressman Andrew Young US Ambassador to the United Nations and Mr. Charles Schultze to be chairman of his Council of Economic Advisers, informed sources said today. Sources also said Mr. Joseph Callfano is the top candidate to head197 words
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Article120 1976-12-17 2 Reuter KINGSTON, Thura. Prime Minister Michael Manley and his People's National Party (PNP) received a massive vote of confidence In their socialist policies In the Jamaican general election yesterday. Mr. Manley said his landslide victory showed that Jamaicans rejected fears that the country would become communist asReuter - 120 words
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164 1976-12-17 2 Reuter MANILA, Thurs. The Philippines legislative advisory body, appointed by President Ferdinand Marcos under his martial law powers, is to hold its second session tomorrow to review the country's strained economy and the possibility of elections for a new partially-elected body designed to widenReuter - 164 words
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Article190 1976-12-17 2 REACTIONS TO HEALEY'S PACKAGE LONDON'S newspapers were quick to criticise the cutbacks as Insufficient. One popular paper made an attempt at (rim humour in Its headline "Eat drink and be merry, for tomorrow you'll pay for it"... but the general reaction was sterner. Under the headline "Another bite at190 words
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Article212 1976-12-17 2 Reuter WASHINGTON. Thurs. The International Monetary Fund today began to set In motion the formal processes required to grant the US$3.9 billion (5J9.6 billion) loan requested by Britain. It was expected to propose formally that a special fund be activated to supply It with the funds necessary to openReuter - 212 words
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Article539 1976-12-17 2 UPI LONDON, Thurs. The government today found Itself the centre of an angry storm of protest against its multi-bllllon dollar save-the-pound economy package. The 10 million member Trades Union Congress (TUC) general council called an emergency meeting to study the programme, which some union leadersUPI - 539 words
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Article, Illustration76 1976-12-17 2 LONDON, Thurs. British Chancellor of the Exchequer Denis Healey appears to have the budget blues as he holds his hand to his face during a press conference at the Treasury here yesterday. In a mini-budget, announced to the British people earlier in the House of Commons,AP photo - 76 words
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Article325 1976-12-17 2 IN justification of his measures, Mr. Healey said at a press conference that the IMF could hardly have gone over Britain's prospects more carefully or In greater detail. "The strongest world economies, particularly the United States, West Germany and Japan are putting their money where their mouths are. I325 words
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Article301 1976-12-17 2 Reuter LONDON, Thurs. Britain's new cuts In defence spending will fall on low-prlorlty programmes and will not mean weakening its combat forces committed to Nato, authoritative sources said here last night. No firm decisions have been taken on where and how the economies will be made, but major projectsReuter - 301 words
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Article294 1976-12-17 3 NEW YORK, Thursday AP THE Continental Oil Company said yesterday that an Investigation into political contributions and other payments since January 1071, showed US$l4B,OOO (*****,000) In company funds was used for questionable contributions outside the United States. The investigation also disclosed that subsidiaries of ContinentalAP - 294 words
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227 1976-12-17 3 AP MT BOGOTA, Thurs. Despite a decrease in coffee exports from Colombia during the first 10 months of 1976, a severe frost in Brazil reduced its crop and made Colombia the Number One coffee producer In the world. The frost also has limited Brazil'sAP - 227 words
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185 1976-12-17 3 Reuter WASHINGTON, Thurs. The United States Commerce Department said revisions in Its business conditions digest now show that the US Index of leading indicators rose 0.2 per cent In October. Earlier this month, the Index was reported unchanged after two months of steepReuter - 185 words
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337 1976-12-17 3 AP TEL AVIV, Thurs. Libya's recast purchase of 10 per cent of the Flat car company has made the vociferous Arab foe of Israel an indirect supplier of the Jewish nation's most popalar car. Some Israeli owners of Flats are purturbed. TheAP - 337 words
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Article62 1976-12-17 3 Reuter MEXICO CITY, Thurs. Mexico's new government yesterday introduced a budget cutting spending to the bone but channelling resources into Investment In agriculture and Industry. President Jose Lopez Portlllo, who took office at the beginning of this month, said he would double Investment in energy, Including: the country'sReuter - 62 words
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Article25 1976-12-17 3 Reuter LONDON, Thurs. Total oil revenues of the oil exporting countries rose an estimated US$l.4 billion to US$29 billion In third-quar-ter 1976.— Reuter.Reuter - 25 words
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687 1976-12-17 3 THEY HAVE TO PAY HIGHER TAXES UPI PARIS, Thurs. American businessmen and other American residents In France have been hit by "a double whammy" on taxes that may well drive some of them from France. First a new US tax Bill in October raisedUPI - 687 words
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Article, Illustration554 1976-12-17 3 LUXEMBOURG, Thursday AP JAPAN can do no more than "open the door somewhat wider" to Common Market exports to help Improve the trade balance with the member states of the EuroSn communities, Mr Finn v Gundelach, the European Commlslon's member handling tradeAP - 554 words
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Article, Illustration255 1976-12-17 3 ROME, Thursday Reuter THE continuing delays In any agreement on limiting Italian wage inflation are holding up talks with the International Monetary Fund for a loan to Italy, Foreign Trade Minister Rlnaldo Ossola told a news magazine. Union and government leadersReuter - 255 words
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160 1976-12-17 3 AP WASHINGTON, Thurs. The president of the United Steelworkers of America yesterday supported his Industry's move to raise steel prices. Mr. I.W. Abel told a news conference that other Industries raise prices without Incident, but "let the steel Industry do it and everybodyAP - 160 words
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249 1976-12-17 3 AP WASHINGTON. Thurs. The United State* State Department announced yesterday that substantive agreement has been reached with 12 meat-producing countries on arrangement* governing American meat imports for 1*77. Lite arrangements provide for imports not to exceed 1.28 billion pounds, an increase of about fourAP - 249 words
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Article45 1976-12-17 3 Reuter BRUSSELS, Thurs. The EEC formally declared the European steel Industry is in a state of crisis, and said It will set delivery quotas for six categories of. steel products produced In the Community with effect from Jan 10. Reuter.Reuter - 45 words
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Article217 1976-12-17 3 Reuter TOKYO, Thursday Japan's overall balance of payments returned to a surplus of US$2BO million (***** million) In November, against deficits of US$9B million. In October and US$4Ol million in November last year, the Finance Ministry said in a preliminary report. The November visibleReuter - 217 words
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224 1976-12-17 3 UPI PARIS, Thurs. Urgent policy action Is needed to clarify the institutional framework of Portugal's economy and to redress current Imbalances, according to a report published today by the Paris-based Organisation of Economic Co-operation and Development. In the special circumstances of Portugal, however, current policyUPI - 224 words
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Page 2 Advertisements
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Advertisement287 1976-12-17 2 J -i .V V ■■H -> f y.■/■ iv> Jtmm-*.WW-, i v.• BUSINESS MACHINES SYSTEMS FOR ITOKI Burglar Safe (T.D.R. and E.D.R. Specification) Equivalent to Anti-burglar standard of Underwriter's Laboratories Inc., U.S.A. Recognised and accepted by under writers. Low sum of insurance premium in this respects. Fire resistent: 2000°F contineous287 words
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Page 2 Miscellaneous
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Miscellaneous32 1976-12-17 2 I rro E>uep\T\NG> PvaoFusei>f, pry I r CUTH is dRV PkND nrW PRLTnS PlflE. ITtHING... PpAJTOS \TtHING>? of ccoßse" rrs thqe£. O OOCK ON A FRIDRV U*NG€3 sv/mproms 'r Lsf <11^ CjLTun,.32 words
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Miscellaneous318 1976-12-17 2 WEATHER report for 24 hours prior to 7.30 p.m. on Dec 16 at Singapore airport: Maximum temperature 27.5° C Associated humidity 84 Minimum temperature 22.5° C Associated humidity 100 Hours of sunshine 2.15 Rainfall in millimetres 3.4 Total rainfall for the month 81.4 Total rainy days for the month 7318 words
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Page 3 Advertisements
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Advertisement111 1976-12-17 3 *5 Y7 OHIHhCAF. iSOIIKHICr where the music is soft, the lighting,subdued, the decor, impeccable ...and the food, good.** Tt Car paridng sanies from our main entrance in the evening. Open for lunch A dinner right thru' X'mas and New fear Ring *****31 for reservations VMtay Road (next to Obarei ,;1:111 words
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Advertisement275 1976-12-17 3 Exclusive to Americaya Signor Mardli's remarkable world famous shoes now available in Singapore Very many years ago, in Italy, there existed an exceptionally skillful bespoke bootmaker one Signor Marelli. Signor Marelli's skill in fashioning and working leather earned him a widespread reputation and guaranteed him a steady clientele. The dandy275 words
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COMPANY NEWS
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Article753 1976-12-17 4 DESPITE suffering a sharp decline in group net profit by 58.3 per cent to M 5100,231 for the year ended June 30, 1976-Sovran Industries is paytnda net dividend of The net figure includes an extraordinary gain of $243,658 from the sale of subsidiary August Engels Malaysia753 words
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183 1976-12-17 4 BEN will seek shareholders approval at an extraordinary general meeting on Dec 31 to reduce its Issued capital to $4.83 million from $12.07 million by lowering the nominal value of each stock unit to 40 cents from $10. Its authorised unissued183 words
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634 1976-12-17 4 DESPITE a less than one per cent increase In Its loans to $70.1 million, group pretax profit at Singapore Finance took a Jump of 29.4 per cent to $1.84 million for the first half-year ended Oct 31, 1976. In fact, this paradox Is even634 words
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147 1976-12-17 4 TEMERLOH Rubber Estates has acquired a 51 Der cent stake In Temerloh Mill at par. Temerloh Mill plans to raise Its paid-up capital to >3.3 million from the current $500,000 and TRE Is committed to taking up shares to a value of $1.08 million which147 words
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403 1976-12-17 4 THE Kuala Lumpur Stock Exchange has asked South Johore Amalgamated Holdings for further details of its large provisions for loans and diminution In value of Investments which led to the group suffering a huge net loss of M 54.36 million In the year ended403 words
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Article411 1976-12-17 4 Current Ex Date Total for Total for payment Date payable theyear previous year Toakiba 12*TE Not. 18 Dec. 20 12*TE 12*TE Milihg Kkeac Guu Flour 3%+ Nor. 22 Dec.20 5*+ 19* Nor. 25 Dec. 21 15* 15* Premium Hold. 7.5%+ Dee. 8 Dec 23 7.#*+ 12* BukilKatil P.M.411 words
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Article57 1976-12-17 4 BOUSTEAD Holdings Is paying an unchanged Interim dividend of 7* Malaysian cents on Jan 14, 1977. Its register will accordingly be closed for transfer from Jan 7 to 11, 1977 both dates Inclusive. For the first naif-year ended June 30, 1976 Boustead reported a group pre-tax profit of57 words
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LATEST RESULTS
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Article36 1976-12-17 4 Unaudited group pre-tax profit $3.16 million ($4.26 million) for the first six months ended Bept. 30, 1976. Gross revenue $3.20 million ($7.19 million). Company pre-tax profit $310,091 ($427,833) on revenue of $344,768 ($507,814).36 words
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Article1308 1976-12-17 4 FT LONDON, Thurs. When the head office of a large corporation agrees with the managers of Its subsidiaries what rate of profit they should aim at, there is always an element of subjective Judgment Involved; no scientific formula Is available to establish what rate of returnFT - 1,308 words
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COMPANY MEETINGS
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24 1976-12-17 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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Article19 1976-12-17 4 Dec 18, 12 noon. Conference Room of Ooontlng Chew, No. 7 Jalan Raja Abdullah, Kuala Lumpur.19 words
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17 1976-12-17 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 1976-12-17 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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Article16 1976-12-17 4 Dec 23, 12 noon, 10 mile, Federal Highway, Sungel Way, Selangor.16 words
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Article19 1976-12-17 4 Dec 29, 11 a.m., Conference Room, 14th Floor, Bangunan Hong Leong, 117 Jalan Bandar, Kuala Lumpur.19 words
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19 1976-12-17 4 Dec 29, 9.30 a.m., Registered Office, Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur19 words
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Article14 1976-12-17 4 Dec 29, 12 noon, 72-A Jalan Tampoi, Johore' Bahru, Johore.14 words
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Article13 1976-12-17 4 Dec 30,11 a.m., Registered Office, 16 Jalan Tangsl, Kuala Lumpur.13 words
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Article1014 1976-12-17 4 On December 15 CHICAGO Board Options Exchange volume totalled 97,872 contracts on Wednesday compared with 83,583 on Tuesday. OPTION J AN APL JLY STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel Avon Avon Avon 45 90 55 SO so 55 00 651,014 words
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Page 4 Advertisements
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Advertisement483 1976-12-17 4 THESE ARE THE BOOKS THAT HITLER BURNED IL~ LL mm m* immmwm .-I§~ S »>» -a. k— w- >!» f» fl fez,""" i Milsiife-i r rifeikb Pi X)P lh: V/-; H =-53 w 'V ii"l22- 4 -M* a at V- ilfif f1 i i 88 "i *'.i i«T 4 /J483 words
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INTERNATIONAL COMPANY NEWS
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Article143 1976-12-17 5 Nkw YORK, Thurs. For the 12 months ended Nov 30, 1976, American Telephone and Telegraph has enjoyed a 22.6 per cent Increase In net earnings to US$3.B billion from $3.1 billion on a revenue increase of 13.6 per cent to $32.5 billion from $28.6143 words
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Article94 1976-12-17 5 LONDON, Thurs. Three thousand car workers laldof f since last week at British Leyland's mini car plant at Longbrldge, Birmingham, return to work today, a company spokesman told Reuters. The men were laid off after a sit-in strike by 60 electricians at the Rubery Owen components factory94 words
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Article87 1976-12-17 5 MILFORD, Conn. Thurs Bic Pen Corp said preliminary negotiations are under way which may lead to the acquisition by Bic Pen of the American safety Razor division of Philip Morris. In November, Bic nationally introduced the Bic shaver, a one-piece bonded shaving system. American Safe Razor manufactures87 words
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Article100 1976-12-17 5 WASHINGTON, Thurs The Treasury Department said it will roll-over maturities at its regular weekly auction next Thursday of three and six month treasury bills when it will offer a total of US$5.7 billion of bills to replace the same amount of maturities. The auction is being held next100 words
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Article258 1976-12-17 5 BRIBBANE, Thurs. Thiess Holdings, through Thiess Bros, and the Shell group of Australia are entering Into 4 Joint venture to prospect and develop the Drayton coal deposits In the Balmoral district of the Hunter Valley south of Muswellbrook. The Joint venture will be owned258 words
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Article184 1976-12-17 5 Reuter STRATFORD, Connecticut, Thurs. Shareholders of General Electric Co. have voted overwhelmingly to merge their company with Utah International to form the largest corporate marriage In the nation's history. Meeting at the American Shakespear Theatre, 98 per cent of the OE shareholders present or votingReuter - 184 words
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107 1976-12-17 5 Reuter WOLFBBURO, West Germany, Thurs. Volkswagen plans to take on 1,800 new workers In the first half of 1977 to handle rising production at Its main plant here, a company spokesman said. VW, which dismissed 25,000 workers at Its six West German factories twoReuter - 107 words
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Article165 1976-12-17 5 Reuter LONDON, Thurs. Orion Bank said the projected US$5OO million five-year borrowing by the European Economic Community has been postponed for the time being. Orion said the offering, being made by an International banking syndicate, had been oversubscribed, before the postponement on the terms Indicated, namelyReuter - 165 words
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Article50 1976-12-17 5 JOHANNESBURG, Thurs Union Corp said It will increase its issued ordinary share capital by 1.45 million shares (2.39 per cent of the present Issued share capital). A statement said the shares will be Issued through a share purchase scheme available to directors and senior management of the corp.50 words
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Article556 1976-12-17 5 NYT NEW YORK, Thurs One of the things that advertisers and agencies are talking about these days and they do a lot of talking Is the practicability of a fourth television network. It has become a hot topic because time Is running out. No, the endNYT - 556 words
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976 1976-12-17 5 NYT GLOBE, Ariz. Thurs._ An unemployed, 37-year-old, second-generation copper miner sat at the bar of the Copper Hills Motel here the other night, his third beer of the evening in front of him. "Maybe there'll be a war in Africa," he observed with aNYT - 976 words
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183 1976-12-17 5 Reuter BANGKOK. Thurs The Thai Government and Thai Zinc, a subsidiary of New Jersey Zinc of the US, agreed in principle on plans for construction of a US$9O million sine smelting plant In north Thailand, government officials said. They said details are still under discussionReuter - 183 words
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Article545 1976-12-17 5 Notes settlement Reuter NEW YORK, Thurs. New York City and Municipal Assistance Corp officials presented a proposal for settlement of the US$9B3 million of publicly-held moratorium notes which Includes a plan to pay off the notes In three stages by Nov 19, 1977, Mayor Abraham BeameReuter - 545 words
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755 1976-12-17 5 NYT NEW YORK, Thurs. Rovac Corp a company so obscure that its existence is not acknowledged in the standard business reference works, has captured the attention of some investors with a new air conditioning system to the degree that its stock has risenNYT - 755 words
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Page 5 Advertisements
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Advertisement123 1976-12-17 5 ■j/awW r QUALITY LEATHER BOOTS Superly styled Riding Boot crafted MtM from carefully selected English leathers, fully kip lined, with walnut finished leather soles and heels. Fully welted construction. b M HELVELLYN An extremely popular lightweight Mountain Walking Boot in brown grease impregnated leather, with bellows tongue, well padded tor123 words
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Advertisement176 1976-12-17 5 The international bank with your interests at heart. Dai-lchi Kangyo Bank is Japan's largest bank. With assets of about 39 billion dollars. But our size doesn't make us impersonal. A worldwide staff of financial experts ready to give your project their individual attention. And we have your interests at heart.176 words
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Article1909 1976-12-17 6 SECTION ONE INDUSTRIALS 1»7« Hick Low Company LM Sale *«rGr'i div Div C'tt Gr* y'W Not P/E Vol CM*) Day High Low 175* 206 100 237 186 402 204 248 460 137 135* 172 60 185 66 254 149 172 394 39 Acma Alcom Allied Choc Bata1,909 words
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Article992 1976-12-17 6 BID and offer prices officially llated 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." Bif Board992 words
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Article1195 1976-12-17 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS AJlnamata (1.82B). Alctm (MOB) (4) 212 AM*. Matd (0 85S). A.1,195 words
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Article136 1976-12-17 6 SINGAPORE UNIT TRU8T priest lor Dk IT) INCOME BOND UNIT The Commerce 1.71 141 The Stvtaf Fund 0.96 1.00 8'pore Pror Fund 0.79 0.94 S'pore Security Fund 1.26 1.13 S pore Invest Fund 102 l 08 ASIA UNIT TRUST (Mmmsfsrt' prices far Dae 17) Mai Invest Fund 1.65136 words
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Article132 1976-12-17 6 B O T 8 1/2% 1081 (100,000) (102*B 103*8) D B 8 8 1/2% 1982 (100,000) (OO*B 100*8) DBS Convert* 6 1/2% tt9l (100,000) (078 07*8) E I B 9% 1082 (100,000) (102HB 103*8) E I B 8 1/4% 1963 (100,000) (99%8 100*8) I B J 8132 words
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Article99 1976-12-17 6 5 1/2% 1/12/77 (1,000,000) (101.538 101 838) 5 1/2* 15/4/78 (1.000.000) (101.558 101.658) 5 1/4* 15/7/78 (1,000.000) (101.258 101.358X1)101.20(1)101.25 6 1/2* 15/8/78 (1.000,000) (103.258 103.358) 7* 1/7/7$ (1,000,000) (104.808 104.908) 5 1/4* 15/10/79 (1,000,000) (100.558 6 3/4* 15/8/80 (1,000,000) (102.058 103.058) 6 3/4* 1/12/80 (1,000,000) (102.958 5*99 words
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Page 6 Advertisements
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Advertisement123 1976-12-17 6 mm off m WEBOB START. MEM mm with mm mmibhs HOMf swans omsrn 1 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 Secretarial123 words
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Article462 1976-12-17 7 TRADING turned very quiet ud cautious with aaigiaal looses recorded ftCTMI A wide froat at the Stock Exchange of Singapore rooter Market sentiment wae •till Mac Influenced by the Organisation «f Petroleum Exportiag Ceaatriee Qatar. It wae aB a qaestioa of ■ma Thoaowho had gone lone462 words
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Article412 1976-12-17 7 TRADING turned erratic at the Kuala Lumpur stock market yesterday, with E rices moving on an easier las. There was a feeble attempt at rally in the morning session before profittakers moved in to check prices. Thereafter, sellers had the edge over buyers In very412 words
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Article121 1976-12-17 7 HONGKONG, Thurs Unaudited net profit at Hsin Chong Holdings (HK) rose to HK$9.9 million from $7.7 million for the first halfyear ended Sept 30, 2976. Earnings per share came to 17 cents (14 cents) and the company Is lifting the interim dividend to 5.5 cents (five cents121 words
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Article44 1976-12-17 7 LONDON, Thurs. Lap Heng said its 33 pence offer for each of the 2.67 million ordinary shares of Ingeraoll Group has lapsed as the minimum level of acceptances has not been reached. The offer was accepted in respect of 29,469 Ingersoll shares.44 words
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Article1148 1976-12-17 7 NSW YORK Stocks ssttled for a small gain after two rally attempts were stalled by profit taking on Wedneeday. Trading was active. Analysts said prices were helped by hopes that any increase in oU prices by Opec would be modest and by Federal Reeerve activity that tended to1,148 words
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Article228 1976-12-17 7 AMSTERDAM: The market generally firmed in very quiet conditions on Wednesday with Dutch International! all gaining some ground, dealers said. The rest of the market was mixed, with banks generally steady and Investment funds and most Insurances firmer. Vu Older and VFM were major individual gains. KNSM, OCE, RSV228 words
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Article257 1976-12-17 7 ZURICH: The market closed steady in selectively active turnover on Wednesday, dealers said. Banks ruled narrowly mixed. Parishes (Suisse), officially quoted the first time, traded at 303 francs. Financials generally firmed slightly, led by actively higher Bally Bearer. Jnveaa Bearer and participation certificate recovered after a recent sharp decline.257 words
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Article217 1976-12-17 7 FRANKFURT: Moit shares gained up to one mark on Wednesday, In rery quiet trading on hopes any Opec oil price rise will be moderate, market sources said. Simnma firmed at 1.60. Stores were mixed, with Kantadt rising 2.50 and NMktraua three, while KiufM lost two. Among other shares, CmU217 words
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Article354 1976-12-17 7 PARIS: The market was generally firmer on Woflnrflay following upward trends In other centres, particularly on Wall Street, dealers said. Yesterday's announcement by Sheikh Yamanl of Saudi Arabia favouring a six month oil price free* contributed to the overall advance. Whn— Pul—r showed a 1.5 per cent gain which354 words
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Article332 1976-12-17 7 TORONTO: Oalns among the refiners and steel producers paced a 0.83 point gain by the Industrial index at the close of moderate trading on the Toronto market on Wednesday. Westers Oils lost 1/2 point on Index over the last hour of trading to close up 0.92. Texaco Canada gained332 words
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Article177 1976-12-17 7 MILAN: Btocks closed mixed on Wednesday, but with an easier bias due to profit-taking. The Opec meeting on oU prices in Qatar was a restraining factor, dealers said. Flat gained 30 lire and closed at 2000 after a lower opening. Both PtreU firmed on fair demand in mixed industrials,177 words
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Article333 1976-12-17 7 JOHANNESBURG: Gold shares traded very steady on European bullion indications on Wednesday, although trade was quiet ahead of tomorrow's local holiday, dealers said. In heavyweight stocks, Baadfonteio featured to gain 130 cents to 4,030. In medium priced counters, Vlakfaateta rose two cents to 72, Libanoa shed 10 cents to333 words
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Article163 1976-12-17 7 BRUSSELS: The market vu sharply higher on Wednesday In fairly active trading, encouraged by Wall street, dealers said. Sefiaa, Electrobel, Trictioi, FIN, UCB and CMMtra were among local Issues to rise, while falls Included Electraflaa, Hobekaa and Tahaeoaflae. UK stocks fell but US and German issues rose. Canadians were163 words
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Article373 1976-12-17 7 HONOKONO: The market closed lover in moderately active trading on Thursday after a higher opening, dealers said. Prices firmed initially on the rise on Wall Street and higher local stock prices In London but eased back amid uncertainty about the outcome of the Opec meeting and following the sharp373 words
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Article406 1976-12-17 7 TOKYO: 'The market closed mixed with a steady undertone in wn active trading on Thursday dealers said. The Dow Jones average gained 1.04 to 4,765.07 with volume 400 million shares, while the New index clowd 365.70, down 0.10. Prices advanced in early trading, extending yesterday's rally, but late liquidations406 words
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Article391 1976-12-17 7 BYDNEY: The market closed mixed In subdued, hesitant trading on Thursday, apparently marking time as buyers assessed their portfolios ahead of the New Year lull, dealers said. Market leader BHP firmed 10 cents to A 57.80 and CBR three to A 52.63. Tooth, Woolwortks, National Bank, Lead Loom and391 words
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Article138 1976-12-17 7 MANILA: Share prices rose slightly on Thursday, but turnover remained thin and the general undertone was weak, dealers said. Mining leaders posted fractional gains following a further rise in copper prices while commercial leaders also rose fractionally and oils generally held their previous levels. DEC It Peaot Acoje Mining138 words
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Article82 1976-12-17 7 DEC It Bahts Asia Fibre 1106 Bangkok Bank 226 Bangkok Invest 134 ♦1 Bangkok-Metro-politan Bank Mil 9618 unch BerU Jucker 157 unch Char oong Thai 153 Wire 4-1 Dumex DusltThani Fiber Merlin First Trust undi Indo-Thal J And J Ho 158 Jalaprathan Cement 76 unch Karnaiuta Lee Kwang Mln82 words
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Article87 1976-12-17 7 FINANCIAL TIMES INDUSTRIALS Wednesday 313.8 Tuesday 324 3 Week ago 325.0 TIN Wednesday 118.90 Tuesday 119.85 Week ago 116.98 RUBBERS Wednesday 477.17 Tuesday 483.04 Week ago 493.90 OILS Wednesday 387.84 Tuesday 395.03 Week ago 405.12 DOW JONES AVERAGE INDUSTRIALS Wednesday 983.79 Tuesday 980.63 Week ago 963.26 LONDON DOLLAR PREMIUM87 words
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Page 7 Advertisements
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Advertisement97 1976-12-17 7 CCPUQC a BRIGHTER FUTURE in ACCOUNTANCY with FOUIKS 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 Accountants97 words
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COMMODITY REPORTS AND PRICES
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Article636 1976-12-17 8 AFTER a slightly lower opening following easier London advices, prices fell back slowly on lack of buying Incentive and light liquidation of January. Turnover was small, with both physicals and forwards meeting little Interest, they said. The morning session ruled quietly easier, with Jan RBB one buyers closing636 words
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Article91 1976-12-17 8 DAILY SSR and SMR prtces at noon yestcnlay: R.A.S. Dae. (Currvat Mtfc) Bwai Mian Jaa. (Forward Mth) Buvm q (onfa i»«kK) (emu iperk*) SSR 20 (1—ton Pallets) 184 00 185.006 185.00 186.00N SSR SO (1-ton Pallets) 181.50 182.50N 182.50 183.SON M.R.E.L.B. 8MR5CV SMR 5L SMR 5 SMR91 words
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Article222 1976-12-17 8 THE Straits tin price In Penang yesterday was down $13.00 to $1,235.12 ft on an official offering down 37 tonnes to 225 tonnes. In LONDON yesterday, tin fell by around £45 per tonne for Cash and £35 for Three Months in the standard contract. High grade lost £45222 words
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Article33 1976-12-17 8 Kobbar: Dm 16 Siacasste: Jan. 193.75 cts (dm 2.25 eta.) Malaysia: Jam. 196.66 eta. (dawn 2.28 eta) Tim: $1,266.12** (down $13) Official offering: 226 tonnes (down 37 taatoaaaa (up 9 to—aa)33 words
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Article69 1976-12-17 8 LONDON, Thurs. Zinc fell by £8 per tonne ail round. The decline in copper was reflected In this metal with profit-taking, liquidation and some stoploss selling taking the market from a high of £405 In the pre-market down to £395 in the ring. The lower levels found some shortcoverlng69 words
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Article125 1976-12-17 8 THE following Palm Oil price* were quoted in London on Wednesday. The prices are elf Rotterdam and are quoted In US dollar per lone ton unless otherwise stated. Malaysia 5* ff a bulk Dec Jan Feb/Mch Sumatra 5% Dec Jan Feb Mar Nigerian 5* ff a bulk Sterling125 words
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Article268 1976-12-17 8 In LONDON, the following pepper price* were quoted on Dec 15. (Sterling per long ton elf European port* delivered weight unlet* otherwise stated) Sarawak Wfctta far Spot 1,900 dr. Alfoat 1,300 sir. Dec/Jan 1.300 sir. Sarawak Black ImU: Spot 1,100 sir. Afloat 1,100 sir, Dec/Jan 1.555 sir BraaiHaa268 words
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Article338 1976-12-17 8 THE sharp fall just before the New York elose prompted gold to open at US$l32 in Singapore yesterday, down $3.58 on Wednesday's close. This sudden move encouraged more Interest and on active trading, the price rose with minor reversals to close at $132.25. The kilo bar was an active338 words
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Article388 1976-12-17 8 LONDON, Thurs. Copper wlrebars lost £3 per tonne for Cash and fully £2.50 for Three Months, Values worked lower under general liquidation which tears of a larger than expected Opec oil price Increase, dealers said. Three Months traded in the pre-market from £807.50 down to £803 and the movement388 words
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Article232 1976-12-17 8 LONDON, Thurs. Robusta futures ended the opening call steady, £25 to £12 per tonne down from Wednesday's close with 235 lots traded. Dealers said the opening was easier reflecting the New York close but the decline was slightly overdone and by end-call losses had 'been pared as fresh buying232 words
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Article83 1976-12-17 8 CHICAGO, Wed. Wheat futures closed 4ft to 3% cents a bushel lower. Declines in soybean futures encouraged speculative selling and commercial selling added to the pressure on prices In the relatively light trade. Corn futures posted losses of 2Vt to two cents a bushel at the close. Prices were83 words
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Article159 1976-12-17 8 CHICAGO, Wed. Soybean futures fell sharply late In the session on commission house stop-loss liquidation to close with losses of 16% to 10% cents a bushel. Yesterday's advance failed to carry over into the opening and professional and commercial selling prompted long profittaking which pushed prices downward. Speculative selling159 words
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150 1976-12-17 8 BANGKOK, Thurs. Business was active on a government-to government basis but commercial trading during the last week was rather quiet. According to a ministry source, Singapore will send a trade delegation here today to negotiate details of a rice deal concluded after the150 words
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Article233 1976-12-17 8 LONDON. Thur*. BUver shoved lohm of 1.4 to S.O pence per troy ounce. Prices however steadied from lower pre-market levels which reflected the overnight declines In New York, with weaker sterling and a firmer trend in gold after the fix cited as supporting Influences. The market held steady In233 words
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Article51 1976-12-17 8 LONDON, Thurs. Lead lost £4 per tonne for Cash and £9.50 for Three Months. The metal followed the general trend as hedge selling and liquidation took three months from £204 to £200.50 In the ring, before light covering steadied the position on the kerb to £202. Sales were 135051 words
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Article173 1976-12-17 8 LONDON, Thurs. Terminal sugar registered opening call losses from Wednesday of £1.60 (Oct at £143.69) to £1.20 per tonne although prices were only fractionally below kerb levels. The market was featureless, market sources said. Isolated long liquidation In front of the Christmas holiday was seen, the sources said. Both173 words
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Article211 1976-12-17 8 BANGKOK, Thurs. Indicative prices for rice quoted yesterday were: US dollars p«r tonne for basis Bangkok WhtU Rice: 100 percent lit class 2(0 100 percent 2nd class 279 100 percent 3rd class 270 i percent 258 10 percent 237 15 percent 234 20 percent 231 28 percent 222 36211 words
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MONEY AND EXCHANGES
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Article559 1976-12-17 8 SINGAPORE'S domestic market was quiet by most standards yesterday, as overnight funds hovered around the two per cent level, and short dates and terms hardly budged. Opening at 2% per cent in the morning, overnight money was traded down to as low as 1 V» per cent, with borrowing559 words
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Article162 1976-12-17 8 Asian rates ASIAN currency dapoail interbank rtM u at doaa on Dae. 16 US Dallar OOm («!-*> BM 7 days 1 mtta 1 mtht 3 mttaa t mlhi 6 mttaa U mttaa .43/4 5 1/16 5 1/16 51/16 57/16 56/16 511/16 4 5/6 41/9 415/16 61/16 la/it 7/16 5 9/16162 words
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Article106 1976-12-17 8 Euro rates LONDON, Thurs. Period Eurodollar deposits opened higher due the loss of the Friday dealing technicality, and tended 1/16 harder where changed in early trading. Shorts also tended higher after a steady openUl fnltlal period gains, following the change In dealing date, ranged to 1/4, with rollover interest in106 words
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Article275 1976-12-17 8 LONDON, Thurs. Sterling drifted up a little on light two-way business as European trading opened, with operators still assessing the implications of Wednesday's UK economic measures, dealers said. They quoted sterling at U551.8655/65, up from the New York close of $1.6620/40 but below the late 81.6675/95 In London last275 words
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Article174 1976-12-17 8 NEW YORK, Wed. Sterling lost 1 Vj cents on the day here as the market registered disappointment at British Chancellor of the Exchequer Mr. Denis Healey's economic package. Earlier optimism, which drove sterling up to a high of around US$l.69 In the past few days ahead of the174 words
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Article83 1976-12-17 8 TOKYO, Thurs. The Bank of Japan bought an estimated US$2O million In early trading to check a (all In the US units, banking sources said. The dollar for overnight delivery was at 294.55 yen at noon against 294.80 at the opening and 294.60 at Wednesday's close. The US unit83 words
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Article151 1976-12-17 8 HONOKONO, Thurs. Sterling slipped back to U551.6630/ 5640 as early European dealings started from $1.6640/ 6650 at midday but was still above the New York cloae of $1.6620/ 6630, dealers said. Most dealers expressed doubts whether the British measures to strengthen the country's economy and ensure a $3.9 billion151 words
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Article55 1976-12-17 8 Minimum lending rates (in ACBC First Chicago 6\ Algemene Bank 6* Citibank 6*. Bangkok Bank 7'x, HSBC 7 Bank of America Indosuez Bank of China .7* Malayan Banking 6H Bank of Tokyo Mitsui Bank 6^ Bank Negara ocbc 6*« Indonesia OUB Chartered Bank 6 1 UCB 7 Chase Manhattan 6^55 words
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Article40 1976-12-17 8 ZURICH exchanges quoted on Dec. 15. US 2.4555-4565 UK 4.1350-1420 Can 2.4125-4140 W. Germ 102.44-54 Neth 98.31-39 France 49.18-21 Belg 6.71-1/4-72 Denm 41.84-86 Norw 46.91-95 Swed 58.84-87 Italy 0.2836-2839 Austria 14.43-45 Port 7.77-79 Spain 3.59-59-1/2 Arg 0.85-1.15 Japan 0.83-1/4-83-3/440 words
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Article55 1976-12-17 8 AUSTRALIA/ NZ exchanges quoted on Dec. 16. Australia: Sterling 0.6359/ 0.6281 US dollar 1.0534/ 1.0486 Ninety day air mall buying rates: Sterling 0.6670 US dollars 1.0784 Ninety day forward buying rates: Sterling 0.6544 US dollars 1.0564 New Zealand: Sterling 0.5474/ 0.5444 US dollar 0.*****/ 0.9083 Ninety day forward rate:55 words
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Article31 1976-12-17 8 FRANKFURT exchanges quoted on Dec 16. US 2.3920/35 Can 2.3565/75 UK 3.980/995 Neth 95.92/96.07 Swltz 97.45/60 Italy 2.760/775 France 47.95/48.10 Norw 45.74/84 Belg com 6.545/560 Belg fin 6.54/55 Japan 0.8105/2031 words
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Article242 1976-12-17 8 LONDON, Thurs. Eurobonds traded steady to firmer In generally moderate activity, dealers said. convertible bonds were fractionally firmer among US Issues while Japanese bonds were mixed. Eurobond price* quoted on Dec. 16 STRAIGHTS BID OFFER Alcan9*Pc 1968 104* 105* BFCE8*Pc 1983 101 102 Braacan »*Pc 102* 102* Charbonnage242 words
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Page 8 Advertisements
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Advertisement161 1976-12-17 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia, Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei, Sarawak. Sabah Australasia/Pacific (excluding Hawaii)161 words
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Article, Illustration712 1976-12-17 9 TERESA LIM - By TERESA LIM LUFTHANSA German Airline's first Boeing 747 SL left Singapore for Sydney on Wednesday, symbolising the growing importance of trade between Singapore, Germany and Australia. Air-cargo carried by Lufthansa between Singapore and Sydney (both ways) has been on712 words
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382 1976-12-17 9 NYT WASHINGTON, Thurs. The Environmental Protection Agency (EPA) has ordered the Chrysler Corporation to recall 208,000 of Its 1975 model cars because of what the agency said was faulty design and maintenance problems producing excessive air pollution. A spokesman for theNYT - 382 words
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Article, Illustration433 1976-12-17 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Bunga Gelang (1500 after Golden Eastern) 18 Sumber Tunas IV (0700 after Nlppo Maru) (Req. Ramp) 22 Bhaltadwltya (after Sumber Tunas IV sails) 22 Knight (after Kobe Maru) 29/30 Golden Glory (0700 tide after Golden Hill k Golden Source) 23/24 Ocean Ace (0700433 words
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744 1976-12-17 9 BRUSSELS, Thnrs. NYT NOT ONLY does the Nato alliance find itself in a financial disarray of duplication and rivalry in the arms production of its various member countries (as cited in a column last month) but the great civilian airlines, staggering under theNYT - 744 words
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588 1976-12-17 9 Reuter COftDOBA, (Argentina), Thurs. Thanks to Dr. Fidel Castro a few thousand porkers here can still count on a full week's work. But the 2,200 men working on a long-term contract to supply Cuba with the mostReuter - 588 words
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Article195 1976-12-17 9 AP LONDON, Thurs. Subtly more brisk North and South American grain fixing of the London freight market yesterday demonstrated the gradual deterioration of the Atlantic rate structure. The US Gulf-Japan grain rate sank to US$lO (FIO) tor a 31.400-tonne, DecemberJanuary loader, while —units of 11,000-28. 360 tonnesAP - 195 words
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Article570 1976-12-17 9 ARRIVALS Operator Numbor Local Tim From CPA PAA JAL 8IA OIA OIA CX003 PA841 JL712 SQ211 OA980 QA908 0145 0950 1000 1010 1090 1100 HKO SFO/HNL/OUM HLP HLP HLP MES PAL KLM SIA SIA 8N PR501 KL833 8Q201 SQ240 SN287 1115 1150 1200 1205 1210 MNL AMS/ATH/570 words
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Page 9 Advertisements
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Advertisement157 1976-12-17 9 V V u <. o i i if 12 sm*_ oA\ Vas f R >r H C > 1 fc-X C *v Chivas Regal Scotland's prince of whiskies V, > f Another fine product brought to you by food&bevi (privat«)ltd, EC in ACCOUNTANCY with FOULKS LYNCH Founded over a century157 words
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Article, Illustration1331 1976-12-17 10 MARCUS ELIASON - By MARCUS ELIASON AP THE optimism touched off by the latest cannonade of Middle East peace talks may sour when the time comes to tackle the realities of the Arab-Israeli conflict. The situation that has developed after nearly a decadeAP - 1,331 words
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463 1976-12-17 10 G.A. TREW - G.A. TREW President, Singapore Chapter Institute of Internal Auditors, Inc. I HAVE read with Interest the reports arising out of the recent meetings of the Singapore Society of Accountants, particularly those relating to auditing standards. The setting and enforcing of auditing standards463 words
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Article, Illustration464 1976-12-17 10 PAUL MAJENDIE - By PAUL MAJENDIE Reuter BUSINESSMEN visiting European capitals on a expense account will And Paris the most expensive city and Dublin the cheapest, according to a survey published here. The French Chamber of Commerce survey, which will help penny-pinching executives to seeReuter - 464 words
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Article, Illustration629 1976-12-17 10 BARRY SHLACHTER - By BARRY SHLACHTER AP JAPAN'B once-smlllnK communists are crying foul after the latest Parliamentary elections In which the Japan Communist Party lost more than half its seats In the governing Lower House of the Diet. The communists had made impressive gains in threeAP - 629 words
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Page 10 Advertisements
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Advertisement189 1976-12-17 10 MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments -that have taken place in all important sectors of the economies of countries in Eost and Southeast Asia. The Bulletin is divided189 words
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Article, Illustration341 1976-12-17 11 KUALA LUMPUR, Thurs. Trade and Industry Minister Datuk Hamzah Abu Samah today called for a quick Implementation of an Asean-based and controlled shipping conference. He said trade between the Asean countries and Europe had grown to a point where It could be served341 words
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Article134 1976-12-17 11 UPI SACRAMENTO (California), Thurs. Possible connections between the California rice industry and Korean officials allegedly involved In payoffs to government officials are reportedly being Investigated by the US Justice Department. The Sacramento Bee yesterday said Federal officials had requested rice sales data going back toUPI - 134 words
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Article72 1976-12-17 11 THE Telecommunication Authority of Singapore (TAS) has advised the public to refrain from giving donations or gratification of any nature to people soliciting for funds under the guise of TAS personnel during the coming festive season. It warned that the offering of such gratification is Illegal72 words
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247 1976-12-17 11 UPI TAIPEH, Thurs. Taiwan's export Industry Is facing troubles and the government Is urged to give more aid to local exporters, government sources said yesterday. Taiwan's exports In the first 11 months of this year amounted to U887.2 billion (8117.7 billion), an increase ofUPI - 247 words
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Article85 1976-12-17 11 Reuter MANILA, Thurs. Tate and Lyle subsidalry Talres Is planning to build an industrial plant here to convert sugar and coconut oil into various chemical products, the Trade Department said. Trade Secretary Troadio Qulason said he had recommended government support for the estimated eight million peso project,Reuter - 85 words
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Article87 1976-12-17 11 AP NEW DELHI, Thurs. India's exports of rayon and synthetic textiles for the first seven months of the Indian financial year beginning April 1 were worth 172.6 million rupees (8*49 million) an Increase of 88 per cent (Tver the same period last year, the govern- mentAP - 87 words
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Article95 1976-12-17 11 UPI DUBLIN, Thurs. British Airways marketing manager Alan Beaves said yesterday the chances of the Concorde supersonic airliner being allowed to land at New York's John F. Kennedy Airport were about 6040. Mr. Beaves told a news conference he was "personally convinced" Concorde would win Kennedy landingUPI - 95 words
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Article34 1976-12-17 11 UPI TOKYO, Thurs. The Tokyo district court today postponed the trial of Yoshlo Kodama, an ultrarightist involved In the Lockheed pay off scandal, until sometime after next April because of his Illness.UPI - 34 words
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Article, Illustration1832 1976-12-17 11 GLOBAL SHORTAGE, BAD HARVESTS IN BRAZIL LEAD TO A BOOM KUALA LUMPUR, Thurs. Further Increases In coffee prices are In prospect, possibly stretching to the first quarter of next year, If nothing is done to alleviate the current shortage. The shortage stems from the drop InSOURCE: F.A.M.A. - 1,832 words
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Article72 1976-12-17 11 UPI COLOMBO, Thurs. China and Sri Lanka yesterday' agreed to renew their trade protocol for the coming year. A trade agreement was signed here by Foreign and Internal Trade Ministry Secretary Jayantha Kelegamma and Chinese Vice Foreign Trade Minister Chai Shu-fan. Under the agreement, ChinaUPI - 72 words
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Article90 1976-12-17 11 Reuter COLOMBO, Thurs. Sri Lanka Prime Minister Slrimavo Bandaranalke called for a concerted and planned approach for lndustrallsation of rubber, to obtain maximum benefits. She told a three-day centenary international rubber conference here Sri Lanka had exported 143,000 tonnes of the 150,000 tonnes of rubberReuter - 90 words
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Article47 1976-12-17 11 Reuter MANILA, Thurs. President Ferdinand Marcos has lifted the nationwide overnight curfew for Christmas until Dec 26. He said It would enable families to enjoy the festive period better. However, it may still be Imposed where the security situation might warrant It. Reuter.Reuter - 47 words
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244 1976-12-17 11 Manila is not seeking US military aid but UPI MANILA, Thurs. Foreign Secretary Carlos Romulo said today the Philippines Is seeking nothing but "Just compensation" for continued use of military bases here by the United States. Mr. Romulo, who returned from the United States where he headed the Philippine delegationUPI - 244 words
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Article63 1976-12-17 11 AP BUENOS AIRES, Thurs. A powerful bomb exploded yesterday night at a Defence Ministry building in downtown Buenos Aires, killing at least 15 people and Injuring 30 or more, police sources said. It was the bloodiest such bomb attack since an explosive device went off InAP - 63 words
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179 1976-12-17 11 JAPAN'S sgcoad largest lone-term credit bank, the Long-term Credit Bank of Japan Ltd, will celebrate the first anniversary of its Singapore office tomorrow. The Singapore representative office started businees on Dec 18 last year and has since arranged many longterm loans to Singapore companies179 words
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63 1976-12-17 11 THE Singapore Industrial Training Board yesterday announced the appointment of Mr. Lee Keh Sal, the principal electrical engineer of K.S. Lee and Associates, as chairman of the Electrical Trade Advisory Committee for a period of two years with effect from Oct. 1. It has also63 words
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Article63 1976-12-17 11 AP SEOUL, Thurs. The South Korean National Assembly today gave Its consent to two state-run banks to float foreign currency bonds overseas next year. The Korea Development Bank plans a US$lOO- (***** million) bond issue and the Korea Exchange Bank a $50-million bond issue on unspecified foreignAP - 63 words
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Article, Illustration258 1976-12-17 11 AP JAKARTA, Thurs. Btate Minister for Economic, Financial and Industrial Affairs Wldjojo Nltlsastro charged that Industrial countries were responsible for Increase in world Inflation within the year. Mr. Wldjojo told reporters following a three-hour talk with President Suharto that industrial countries haveAP - 258 words
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393 1976-12-17 11 Reuter MANILA, Thurs. The Cities Services consortium is planning to drill a third exploratory well off the western Island of Palawan In the second quarter of next year, the Philippines Energy Development Qoard said. The well will be in the same generalReuter - 393 words
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Article77 1976-12-17 11 Reuter JAKARTA, Thurs. Indonesia welcomes the Increase of the International Tin Council floor and ceiling prices and believes it could activate the world tin market, state tin company sources said. "The price increase is Just and reasonable and we hope it will satisfy both consumingReuter - 77 words
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Article82 1976-12-17 11 AP TOKYO, Thurs. Sumitomo Electric Industries and Marubeni Corporation, both of Japan, said yesterday they had received a 70-billion yen (***** million) order from the Nigerian Government for the construction of a telephone network. Sumitomo officials said the contract would be signed by the end thisAP - 82 words
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Page 11 Advertisements
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Advertisement344 1976-12-17 11 NOTICES DREDGERS FOR SALE/CHARTER 1) 2 off, Dixie Type, 24" cutter suction dredger, fitted with 2 x D 399 Caterpillar engines, built 1973. 2) 1 brand new, DMI Type, 24" cutter suction dredger, fitted with 2 x D 396 Caterpillar engines, built 1976.. 3) 1 Dixie Type, 16" cutter suction344 words
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Advertisement210 1976-12-17 11 INVESTMENT OPPORTUNITIES Major international Corporation interested in S.E.Asian investment opportunities, acquisition, jointventure, or controlling equity participation. Will consider all proposals with sound base whether small or of substantial size, either as an existing business or new venture. The offering Corporation has high technology and marketing expertise in many areas, particularly210 words
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820 1976-12-17 12 1976 A LET-DOWN THIS has been>a disappointing year for equity Investors, taken overall, but world stock markets should make higher ground In 1977 before any serious threat to equities from Inflation reemerges. Within this generally optimistic scenario, there are particular factors favouring the equity820 words
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Article758 1976-12-17 12 LONDON, Thurs Equities met moderate demand, and yesterday's sharp fall which followed the mini-budget was recouped. Dealers attributed the rise to reconsideration of the economic package, coupled with some technical correction to yesterday's decline. At 3 p.m., the Financial Times Index was up 10.2 at 324.0 after a758 words
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Article312 1976-12-17 12 THE Industrial Training Board (ITB) alms to keep In constant review Its training schemes to ascertain what Is still relevant and what should be modified In the light of current and anticipated Industrial conditions. "And the Trade Advisory Committees (TACs)," said Mr. Ahmad Mattar, chairman of312 words
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Article183 1976-12-17 12 MANILA, Thurs. The fifth United Nations conference on Trade and Development (Unctad) will be held In Manila In 1979, Foreign Secretary Carlos. Romulo said today. In a statement on his return from the United Nations General Assembly meeting In New York, General Romulo said that183 words
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Article63 1976-12-17 12 SINGAPORE telephone subscribers can now make International calls to Ecuador, Bolivia and South West Africa (Namibia) and use the Telecommunication Authority of Singapore's classified telephone service for calls to the Balearic Is- lands, Botswana, the Canary Islands, Lesotho, South America, Spain and Swaziland. Direct calls to New Zealand63 words
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Article, Illustration430 1976-12-17 12 You'll have to fight your way up Dr Tan "THE next Ave years are not going to be rosy. You are going to have to fight every Inch of the way up," was Dr. Augustine Tan's message to a group of economics, business administration and accountancy students yesterday. Dr. Tan,430 words
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412 1976-12-17 12 PLANS for setting up an Asian reinsurance corporation, which were disclosed In Business Times last month, have moved a step closer to realisation following a meeting of the Economic and Boclal Commission for Asia and the Pacific (Escap). This meeting, at which Singapore412 words
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426 1976-12-17 12 ANOTHER 250,000 sq. ft of •hop and office ipaot has been added to the Singapore property market now exhibiting lifni of saturation. Situated in Chin Swee Road, the It-storey office block called Manhattan House was built under one of the urban renewal sales of city426 words
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197 1976-12-17 12 ELECTION RALLIES THE Workers Party is confident of capturing sight seats in the coming general election. This is hew WP chairman, Mr. Wong Hong Toy, ratee his party's chancoo at the polls. His party is fielding 22 condidateo the largest number put up by197 words
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440 1976-12-17 12 "WHAT the People's Action Party is trying to do these days is to ask you to give them a blank cheque to do with as they please. The Government has not given you any plans as to what It Intends to440 words
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257 1976-12-17 12 MR. Harbans Singh, secre-tary-general of the United People's Front, told Business Times yesterday that he and his party prefer house-to-house campaigning to the more visible public rallies favoured by the other parties In the election. "I find too many rallies going on," he said. "Rallies257 words
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Article413 1976-12-17 12 FACE OF ROCHORE TO COME TOH THE face of the Rochore area will change completely In the next four years and Its environment vastly Improved for the lower Income group now residing there. This assurance was given by Dr. Toh Chin Chye last night at the People's Action Party rally413 words
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314 1976-12-17 12 THE opposition, In their campaigns, have not given any attention to two crucial Issues concerning Singaporeans. These are our economic prospects and political security for the future, said Mr. Devan Nalr at the PAP rally In Toa Payoh last night. Their campaigns "have one314 words
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79 1976-12-17 12 THE police last night laid down conditions for candidates to hold post-election processions to thank voters in their constituencies. Anyone who wants to hold a procession (a permit for which costs a minimum of $40) must do so In no more than two vehicles, promise not to79 words
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Page 12 Advertisements
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Advertisement73 1976-12-17 12 P 0 > i*a v. < > < o < Exotic cuisine passionately recommended Prawn musalla Selected fresh prawns cooked with subtle spices, onions, paprika juice and sauce Tubarine. Araby Choice cuts from tender lamb cooked with spinach, ginger sauce and green spices from the Middle East Tandoori chicken A73 words
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Advertisement87 1976-12-17 12 v > ».T (yd/ \<>u .1 I renc h restau rant t h.i t t ru l\ Matters voiir t.iste for thi* finest. In t<><kJ st rv. it t ami quu-t entertainment. Dim In i .inilleliyht on i vquisite hrcru h tare. \iu! J,ni( c losull nnisH in I he87 words
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