The Business Times, 18 December 1976

Microfilm: NL8962
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 14.>5/76 SATURDAY, DECEMBER 18, 1976 5(1 CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Switch of yard
      67 1 AP CANBERRA, Frl. Two ships, which were to have been built In Australia for the Australian national line, now will be built In Japan, Transport Minister Peter Nixon said today. He said the Federal Government had withdrawn an offer to assist the Newcastle state dockyard to build
      AP  -  67 words
    • Article
      Lock icon Canberra to recall 27
      70 1 Reuter CANBERRA, Frl. The Australian Government will recall 27 middle-ranking diplomats from overseas posts, including in Singapore and Kuala Lumpur, by the end of 1977 as part of a costcutting programme, a Foreign Affairs Department spokesman said in Canberra today. He said eight of the diplomats
      Reuter  -  70 words
    • Article
      Lock icon UK cuts lending rate
      26 1 Reuter LONDON, Fri. The Bank of England said It reduced minimum lending rate to 14Vi per cent from 14% per cent. Reuter.
      Reuter  -  26 words
    • Article
      Lock icon A violent topic
      69 1 AP ROME, Frl. Premier Giulio Andreotti called leaders of all political parties together today to discuss political violence that has resulted in the death of six people in the past three days. The new spurt in violence came after a summertime lull. Earlier this year, the Assistant
      AP  -  69 words
    • Article
      FT index up 15.1
      44 1 LONDON, Fri. The news that Saudi Arabia would limit its oil price to five per cent and increase its oil production celling, and stock shortage, helped push the Financial Times index up 15.1 points to 337.8, at 3 p.m. today.
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    • Article
      Lock icon Capitalising on trade
      59 1 AP BANGKOK, Fri. Vietnamese Foreign Minister Nguyen Duy Trinh said today his country is determined to expand its trade with advanced capitalist nations. His statement coincided with calls by other speakers at the Vietnam Workers' Party congress for scientific and technological improvements to speed post-war development in
      AP  -  59 words
    • Article
      Lock icon This one aims low
      67 1 AP WASHINGTON, Fri. Russia is arming its forces in East Germany for the first time with a new anti-aircraft missile system designed to knock down low-flying enemy bombers and fighters, US intelligence sources report. The SAB system, which can fire two missiles at a single target
      AP  -  67 words
    • Article
      Lock icon Dow Jones
      43 1 UPI NEW YORK, Fri. Dow Jones averages, based on first hour of trading today on the New York Stock Exchange: 30 Indus 986.37, up 5.07; 20 transp 235.68, up 1.30; 15 utils 105.57, up 0.38; 65 stocks 320.19, up 1.60. UPI.
      UPI  -  43 words
  • Chief price changes
    • Article, Illustration
      In Singapore yesterday
      199 1 REPORTS of the dissension at the Opec meeting in Qatar, with Saudi Arabia and the United Arab Emirates opting for a lower oil price hike of five per cent, gave the Stock Exchange of Singapore a fillip yesterday. Gains were noted across the board in moderate activity.
      199 words
    • Article
      In Kuala Lumpur
      104 1 Rises Most active Berjuntal E. Asiatic S.E.A. Corp. Boustead Cen. Sugar D. Keramat Inchcape DBS. U.O.B. 112.60 1.00 2.10 .24 3.20 .10 3.60 .06 S 1.18 .06 4.82 .06 2.41 .06 3.94 .06 3.46 .06 Haw Par 355,000 Inchcape 203,000 Central Sugars 175,000 U.O.B 105,000 Total Turnover:
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  • Article
    Opec pays its price — a split in unity
    1288 1 Opec pays its price a split in unity TWO-TIER HIKE OF spc and 10pc THE Organisation of Petroleum Exporting Countries (Opec) failed to resolve its crisis In Qatar last night, and a two-tier pricing system for crude oil will come into force next month. Saudi Arabia and the United Arab
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  • Article
    A world of reactions to Doha decision
    992 1 THE news of the oil price increases did not exactly spread comfort and joy throughout the world, but it did not darken the gloom either. A 10 per cent increase hatt~ been widely expected (and discounted), so the smaller rise from Saudi Arabia
    992 words
  • Article
    Escap 'yes' to set-up of reinsure corp
    476 1 THE Economic and Social Commission for Asia and the Pacific (Escap) has approved the establishment of an Asian Reinsurance Corporation, it was confirmed last night at Escap's Bangkok headquarters. Straight away, however, It became obvious that the corporation, which Is to be set
    476 words
  • Article
    Lock icon $4 mil fraud arrests by Yard
    124 1 Reuter LONDON, Fri. Scotland Yard detectives yesterday •rmted a Bank of England official and Ave other men in connection with an alleged £1 million <Ss4.l milUon) fraud. The arrested men included solicitors and investment brokers who work in the City of London, the capital's
    Reuter  -  124 words
  • Article
    Lock icon INDUSTRIAL OUTPUT INDEX GOES UP
    105 1 AP SINGAPORE'S industrial production index stood at 112.2 in the third quarter of 1976, up 8.3 per cent from the second quarter of 1976 and up 7.1 per cent from a year earlier, the goverment reported. The uptrend was mainly due to higher production of
    AP  -  105 words
  • Article
    Lock icon NZ envoy
    28 1 UPI WELLINGTON, Fri. Jack Shepherd, until recently New Zealand's High Commissioner to Canada, has been appointed High Commissioner to Malaysia, the Foreign Ministry announced today. UPI.
    UPI  -  28 words
  • Article
    'The PAP can see S'pore through safely'
    339 1 WHATEVER, the difficulties ahead, the People's Action Party has "the experience, the knowledge and the will to see Singapore through to safety." This is the message that Dr. Qoh Keng Swee, spokesman for the PAP last night, put across to listeners of the
    339 words
  • Article
    ...Four air their views too
    313 1 REPRESENTATIVES of the four main opposition parties contesting the election also took to the air to persuade voters to their cause. The first to speaK was L)r. Lee Slew Choh, leader of the Barlsan Soslalls (fielding only six candidates and therefore limited to only two
    313 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      43 1 r SEE PAGE 2 Market reviews TV Radio Overseas news Features Local Co news International Co news Local stocks Overseas stocks Commodities P 8 Transport ft Communications P 9 Features PlO Local ft Overseas news Pi I Local ft Overseas news Pl 2
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    • Advertisement
      Page 1 Advertisements Column 2
      71 1 S.T Dupont pens aie superbly designed and beautifully crafted Fountain pens from $340" to $?58 Ball point pens from $190* to $140 Gold, silver with Chinese lacquei clip or full Chinese lacouf-i. Diamond-mounted pens with 7 or 25 diamonds priced from $995* to $335 'The above are cunem Singapore prices
      71 words
    • Advertisement
      Page 1 Advertisements Column 3
      124 1 .`(${;)>:;={^"!|$$@*_-+?|]:,.%` a WTA I Wd CUTT V r WITH EVERY BOTTLE PURCHASED! u TWO BRITISH MADE Vi ITTV c porcelain YAllir bAHH ASHTRAYS- hCcw cK V °TCH WHI!> k •I v blended OTS WHISKY ®0X Scotch Whiskies SmUiW* bttt PUtiUna you buy Get the festive spirit. With Cutty Sark! On
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  • MARKET REVIEW
    • Article
      KUALA LUMPUR
      378 2 THE Kuala Lumpur Stock Exchange closed the week on a buoyant note which may be a prelude of better times for the market. This followed the dissension at the Opec meeting which led to Saudi Arabia and the United Arab Emirates opting for an oil price hike of
      378 words
    • Article
      Lock icon SYDNEY
      426 2 Reuter THE share market put on a patchy performance on the Sydney Stock Exchange this week. The second revaluation of the Australian dollar In as many weeks forced buyers to desert the market and erode the solid gains recorded the previous week. Analysts said traders were Initially unsettled at
      Reuter  -  426 words
    • Article
      Company news for the week ended Dec 17
      253 2  -  Sum WWUpIIV wf RONALD LAM SCRIP RIGHTS ISSUES Supreme Corporation: Scrip Issue of one-for-four, capitalising M$ 1,753,214 and a rights Issue of 876,607 new shares on the basis of one-for-eight at Msl par. OTHER ANNOUNCEMENTS Temerioh Rubber Estates has acquired a 51
      253 words
    • Article
      ERRATIC WEEK FOR THE MART
      1326 2  -  LONDON ■y IVAN FALLON LONDON: Once again the London Btook Market has reformed in an unpredictable and uncharacteristic way. At the end of last week brokers were suddenly leaping about In glee and mild astonishment as they noted large American orders for British Industrials. One
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    • Article
      SINGAPORE
      727 2 SHARES finished generally In plus territory In fairly active trading at the Stock Exchange of Singapore this week. Speculative support provided the main Impetus. As had been the case in the last fortnight, gains accrued mainly to the lowerpriced Issues. For the better part of the week sentiment was
      727 words
    • Article
      Lock icon No decision yet on scheme to boost copper prices
      513 2 Reuter PARIS, Frl. The Intergovernmental Council of Copper Exporting Countries (Clpec) Is still undecided as to what new pricing mechanism should be Introduced to boost world copper prices from their current low levels, sources close to Clpec said. They told Reuters
      Reuter  -  513 words
    • Article
      Lock icon COPPER STOCKS RISE
      141 2 Reuter NEW YORK, Frl. World refined copper stocks rose 17,400 tonnes to 1,475,200 in October, the American Bureau of Metal Statistics said. This compared to a decrease of 10,200 tonnes to 1,457,800 tonnes In October. The ABMS estimated world copper stocks In October last year at 1,386,900
      Reuter  -  141 words
    • Article
      Lock icon No more subsidies for Newcastle shipbuilding
      234 2 Reuter CANBERRA, Frl. Federal Transport Minister Peter Nixon said large shipbuilding at Newcastle state dockyard has come to an end. The Federal Ooverment is not prepared to subsidise the construction of ships at the dockyard without acceptance by unions of an industrial relations contract.
      Reuter  -  234 words
    • Article
      Lock icon Concern over Aussie plywood curbs
      104 2 Reuter KUALA LUMPUR, Frl. The Malaysian Government has expressed concern over Australia's decision to restrict Imports of plywood and possible future restrictive measures against timber and palm oil, which are Malaysia's major export commodities. Primary Industries Minister Datuk Musa Hltam said in a statement he
      Reuter  -  104 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      381 2 ESTABLISH A NAME FOR YOURSELF. WITH ONE OF OURS. v > 1 *v. <//< v< <<■ /n: 4k V> 4 > When you carry names like Pierre Cordm. Lanvin and Bally you can 'help but do a little namedropping After all. these famous houses represent the finest menswear and accessories
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      371 2 EW WEATHER report for 24 hours prior to 7.30 p.m. on Dec 17 at Singapore airport: Maximum temperature 27.0° C Associated humidity 86 Minimum temperature 22.7° C Associated humidity 100 Hours of sunshine 0.65 Rainfall in millimetres 49.2 Total rainfall for the month 130.6 Total rainy days for the month
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  • OVERSEAS
    • Article, Illustration
      Lock icon Risk of Russians starting war in Europe enormous
      623 3 AS BRITAIN CUTS DEFENCE SPENDING FURTHER LONDON, Friday AP BRITAIN'S defence chiefs were dismayed yesterday by yet another round of spending cuts to hit this once great military power. And one defence expert said the risk of the Soviet Union starting a
      AP  -  623 words
    • Article
      Lock icon JAVITS CALL TO SAVE U.K. FROM BRINK OF DISASTER
      241 3 Reuter WASHINGTON, Fri. Senator Jacob Javits said yesterday that the United States, West Germany and Japan should guarantee billions of dollars for possible new loans to Britain to stave off a world economic disaster that could follow a collapse of the
      Reuter  -  241 words
    • Article
      Lock icon Lebanon seeks $7 b US aid
      149 3 UPI WASHINGTON, Frl. Lebanon is seeking US$3 billion (557.2 billion) in direct humantarlan aid from the United States and other countries, to assist it in the reconstruction of its war torn country, an emissary of Lebanese President Elias Sarkis said yesterday. Mr. Ghassan Tueni
      UPI  -  149 words
    • Article
      Lock icon Call for Aussie energy policy
      191 3 Reuter CANBERRA, Fri. Australia's federal and state governments should give immediate attention to an Australian energy policy, Macquarie Universitysenior lecturer in mineral economics Mr. D.W. Barnett said. Writing in the currtiU issue of the Australian Mining Industry Council newsletter, Mr. Barnett said by 1990 Australia
      Reuter  -  191 words
    • Article
      Lock icon Argentine peso drops to lowest in eight months
      249 3 AP BUENOS AIRES, Fri. The Argentine Peso dropped to its lowest point in eight months yesterday and economic analysts said it will fall even more next year. The peso was pegged at 265 to the dollar compared to 260 the day before.
      AP  -  249 words
    • Article
      Lock icon Personal income in US up $36 bil in November
      169 3 AP WASHINGTON, Frl. Settlement of the Ford Motor Company strike helped push Americans' personal Income up at an annual rate of US$l5 billion (Ss36 billion) In November, the biggest increase In 14 months, the government said yesterday. The Increase, 1.1 per
      AP  -  169 words
    • Article
      Lock icon Bonn may raise $1b domestic loan
      91 3 Reuter FRANKFURT, Frl. The West German Government Is considering raising a loan totalling around one billion marks, (Ssl billion), possibly in two tranches, State Secretary at the Finance Ministry Karl Otto Poehl told a press conference. He said the tranches could be for around
      Reuter  -  91 words
    • Article
      Lock icon UK-Polish ship deal
      93 3 AP LONDON, Frl. Labour Prime Minister James Callaghan and Polish Premier Plotr Jaroszewlcz agreed in principle during talks In London yesterday that Britain will build 22 bulk carriers for Poland, government sources said. They said talks are due to start in London during the next few days
      AP  -  93 words
    • Article, Illustration
      Lock icon The danger facing Chancellor Schmidt
      932 3  -  by GEORGE VINE Reuter HELMUT Schmidt, chief of the well-oiled industrial export concern, West Germany Inc. is envied by many of his partners in Western Europe and across the Atlantic. With a hard currency, money in the bank, permanent trade surpluses, the economy climbing out
      Reuter  -  932 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      479 3 Have you noticed how Bedford trucks keep on turning up in places where there's hara work to be done? BEDFORD TRUCKS AT CHANGI INTERNATIONAL AIRPORT Look at some of the toughest, roughest jobs going on around town today and you're bound to see Bedford trucks. In just about the biggest
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  • COMPANY NEWS
    • Article
      Bt. Sembawang 71pc down at mid-year
      353 4 REFLECTING the continuing stagnant conditions in the private residential property market, Bukit Sembawang Estates has taken a rather bad fall In the first six months ended Sept. 30, 1976. Group pre-tax profit excluding abnormal gains dropped 70.7 per cent to $1.25 million on a
      353 words
    • Article
      PEOPLE IN BUSINESS
      36 4 ENCIK Wan Abdul Hamid bin Mohd Salleb, Encik Abdul Ghani bin Mohd Don and Datuk Syed Kechik bin Syed Mohamed have been appointed directors of Highlands and Lowlands with effect from Dec 13.
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    • Article
      DIVIDENDS ANNOUNCED
      413 4 Current Ex Date Total for Total for payment Date payable the year previous year Toshiba 12%TE Nov. 16 Dec. 20 12% TE 12%TE MalakofT 5%+ Nov. 22 Dec. 20 5%+ Khong Guan Flour 15% Nov. 25 Dec. 21 15% 15% Premium Hold. 7.5*+ Dec. e Dec. 23 7.5%+
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    • Article, Illustration
      Gloomy prospects forecast for CCM
      757 4 THOUGH earnings are on the decline, Chemical Company of Malaysia Is not looking forward to Its Ms2o million caustic soda/ chlorine extension, which will come on stream early next year, to provide any relief In the Immediate future. This was apparently not the case three
      757 words
    • Article
      SEA Lumber achieves a modest turnround
      589 4 THANKS to the commendable performance of Its two subsidiaries. South East Asia Lumber Corp. has managed a modest turnround In the year ended June 30, 1976. From a pre-tax loss of M 53.31 million In 1974/75 the group has emerged with a profit of
      589 words
    • COMPANY MEETINGS
    • Article
      Commerzbank earnings
      141 4 FRANKFURT, Frl Commerzbank said It expects group earnings to be satisfactory this year compared with group 1975 net profit of 189.2 million marks (138.3 million marks) and parent company net 1975 earnings of 145.5 million marks (109.6 million marks). In a shareholders report the bank said its interest
      141 words
    • Article
      Lock icon AGC plans rights issue
      89 4 Reuter SYDNEY, Frt. Australian Guarantee Corp said It plans a one-for-10 rights issue of Its 50-cent shares, at Asl a share. The issue, to finance expansion, will raise Issued capital to $75.79 million from $68.90 million. The company said it expects to maintain the 7.5 cents
      Reuter  -  89 words
    • Article
      Lock icon Monopoly not against public interest — MC
      311 4 Monopoly not against public interest MC RANK XEROX Reuter LONDON, Frl. A Monopolies Commission report on Rank Xerox's position in the UK dry copier market says the company's monopoly Is not in itself against the public interest and recommends no immediate action. The commission says In 1975 Rank Xerox had
      Reuter  -  311 words
    • Article
      Lock icon Seoul to take over Korea Oil by 1975
      240 4 AP SEOUL, Frl. South Korea plans to take over by 1979 the management of Korea Oil Corp from Gulf Oil which controls half of the refinery operating Joint venture with Koreans, officials said today. There have been occasional criticisms, particularly on the
      AP  -  240 words
    • Article
      CHICAGO BOARD OPTIONS
      1079 4 On December 16 CHICAGO Board Options Exchange prices fell on Thursday. Declines led advances 348 to 126. Volume approximated 74,957 off from 97,872 on Wednesday. OPTION JAN APL JLY STOCK Alcoa 45 93/8 NOL NOL 541/4 Alcoa SO 41/2 UNTRD UNTRD 54 1/4 Alcoa ss 13/8 NOL
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    • Article
      Mt. Newman work resumes
      84 4 SYDNEY, Fri. Mining and railing of Iron ore have resumed at Mt Newman after train drivers ended their 37-day strike, a Mt Newman Mining spokesman told Reuter by telephone from Perth. He could not estimate how long It will take to clear the backlog of 23
      84 words
    • Article
      Thiess Hldgs acquisition
      45 4 BRISBANE, Fri. Thiess Holdings said It purchased a further 567,000 Pioneer Sugar Mills Shares on Dec 1 and 2, raising Its holding to 2.51 million of the Asl nominal units, equivalent to 17.1 per cent of Pioneer's A 514.64 million issued capital.
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      442 4 hi have only one face make the best of it. Advice from Business Times. If your corporate face isn 't as good as it could be Business Times can help change it for the better. Few people place their trust in a total stranger. This has to be one of
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Exchange to delist Poseidon
      158 5 Reuter ADELAIDE, Frl Poseidon, the former glamour Australian nickel mining company, which sparked off this country's biggest stock market boom seven years ago, has asked to be delisted from Australian stock exchanges. From Dec 22, the company, which once had investors cheering and made "paper" millionaires
      Reuter  -  158 words
    • Article
      Lock icon Citroen plant for Romania
      114 5 Reuter PARIS, Frl The French Citroen car company said yesterday it had concluded a 2.5 billion franc agreement to build a car plant in Romania. The agreement, for a plant to produce annually 130,000 cars of a new Citroen design, was signed during a visit here
      Reuter  -  114 words
    • Article
      Forex gains boost Distillers
      227 5 LONDON, Frl. Foreign exchange gains and higher selling prices lifted pre-tax profit at Distillers by 29.2 per cent to £53.23 million from £42.51 million for the first half-year ended Sept 30. 1976. The profit Increase came on the back o? a sale rise of only 10.2
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    • Article
      Honda
      79 5 TOKYO, Thurs. Honda Motor said It plans to raise domestic monthly sales of four-wheeled motor vehicles to 30,000 units by the end of next year from 20,000 by expanding Its sales force and dealer network. Honda said it will increase Its sales force to 6,000 from 4,000 and Its
      79 words
    • Article
      Lock icon Komatsu expects lower earnings
      244 5 Reuter TOKYO, Frl. Komatsu's net 1976 profit Is likely to be about 18 billion yen, 17 per cent lower than the 21.7 billion profit In the last fiscal year, a company spokesman told Reuters. Gross sales will total 315 billion yen, down 13 per cent from
      Reuter  -  244 words
    • Article
      Lock icon Amev forecasts rise
      347 5 FT AMSTERDAM, Frl. Amev the Dutch insurance company, expects this year's profit to rise by "at least 10 per cent" from the 1975 level of 53.8 million florins. However, there have been major setbacks in the accident insurance sector this year. The forecast was made In the
      FT  -  347 words
    • Article
      Lock icon When dissatisfaction begets innovation
      899 5 NYT NEW YORK, Frl. In an unusually frank after-lunch talk to an audience of fellow Innovators In New York last week. Dr. Robert Noyce, a physicist and Inventor who helped organise some of the basic innovations In the semiconductor Industry, recounted how his career had turned
      NYT  -  899 words
    • Article
      Philip Morris ups dividend
      146 5 MELBOURNE, Frl. Philip Morris (Australia) Is raising its total dividend for the year ending June 30, 1977, by at least 10 Australian cents to 40 cents. This is the indication given by the company when It declared a higher interim dividend of 20 cents compared with
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    • Article
      Lock icon Disposal of BP stock
      141 5 Reuter LONDON, Frl. The British Burmah OH shareholders action group said It has written to the company chairman, Mr. Allstalr Down, urging him to take every legal step possible to ensure there Is no disposal of the British Petroleum stock presently registered In the Bank of
      Reuter  -  141 words
    • Article
      Woodsreef
      70 5 SYDNEY, Frl. Woodsreef Mines has achieved a turnround to profit In the year ended Oct 31, 1976. It was able to report a net profit of A 51.43 million against a loss of $2.82 million last time. Earnings are after extraordinary items. The big turnround was achieved on a
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    • Article
      AE profit increases
      97 5 LONDON, Frl. On a 20.9 per cent rise In sales to 1252.3 million from £208.6 million, Associated Engineering has managed to raise pre-tax profit by 55.5 per cent to £21.35 million from £13.73 million for the year ended Sept 30, 1976. Earnings per share rose to 13.6p
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    • Article
      Lock icon Toyo resumes production
      286 5 Reuter TOKYO. Frl. Toyo Valve which went Into receivership last month, is resuming a production and sale programme to try to stave off formal bankruptcy, a company spokesman said. He said Talzo Ishlkawa, the provisional receiver, is getting the cooperation of government agencies, banks, major trading companies
      Reuter  -  286 words
    • Article
      Papyrus after the Kopparfos takeover
      289 5 STOCKHOLM. Friday Papyrus, the Bwedlsh pulp and paper concern which substantially expanded Its business earlier this year by acquiring 98 per cent of the shares In the Kopparfors pulp and paper company, has announced pre-tax earnings of Kr.105 million after sales of Kr.945 million for
      289 words
    • Article
      Dorbyl improves
      312 5 JOHANNESBURG, Frl. The heavy engineering group Dorman Long Vanderbijl whose activities range through construction, rolling stock manufacture, shlprepalrs and metal pressings, has reported a big lift in profit for the year ended Sept 30, with the pretax figure up from 12.7 million rand to 16.6 million rand. Though
      312 words
    • Article
      Cons Gold
      54 5 LONDON, Fri. Consolidated Gold Fields and British Borneo Petroleum Syndicate announced they are holding talks which could lead to Cons Oold making a cash offer for the 75 per cent of British Borneo's capital It does not already own. The companies said a further announcement will be made
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    • Article
      Lock icon Herald, Weekly buoyant
      117 5 Reuter MELBOURNE. Frl. Herald and Weekly Times net profit rose 15 per cent on revenue up by 13 per cent In the first quarter of the current year, the chairman, Sir Phillip Jones, told the annual meeting. He said its Joint venture with David Slme in the
      Reuter  -  117 words
    • Article
      MEPC losses reduced
      113 5 LONDON, Frl MEPC has reduced its losses to £25,000 from £10.11 million in the year ended Sept 30, 1978. Income rose to £58.26 million from £44.98 million. Net reduction in property values was £3.38 million against £38.2 million last time. Reserves showed some Improvement at £214.4 million
      113 words
    • Article
      Lock icon Singer re—evaluates, releases reserve
      337 5 FT NEW YORK, Frl The Singer company bu completed a re-evaluation of 1U reserves for previously discontinued businesses and other businesses which had been identified last year as marginal or peripheral to the company's mainstream operations, Mr. Joseph B. Flavin, chairman and chief executive announced. In
      FT  -  337 words
    • Article
      E—Schneider surges
      232 5 PARIS, Frl. EmpalnSchnelder, the Franco-Bel-gian steel, nuclear heavy and civil engineering conglomerate, has booked orders worth Fr5.23.8 billion during the first nine months of the year some 29 per cent higher than for the same period of last year. Turnover over the same period was Fr5.15.1 million, a
      232 words
    • Article
      Joint paper mill venture
      80 5 TAIPEI, Fri. Chung Hwa Pulp Corp and Yuen Foong Yu Paper Manufacturing of Taiwan will Jointly set up P.T. Indian Kiat Paper Pulp Corp in Jakarta with Indonesia businessman Yen Jul-Chi, the Central News Agency (CNA) reported. It said Yen will supply 51 per cent of
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    • Article
      Lock icon Set to maintain the image
      809 5  -  PHILIPS' PLANS FOR PYE By MAX WILKINSON FT PHILIPS Industries' plans to take over the radio and television interests of Pye of Cambridge are expected to be given Oovernment approval. but the full details of the takeover will have to be studied by the Department
      FT  -  809 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      122 5 J 't iESg an IS L, <. SOKO CO. LTD TOKYO-JAPAN 1 box of practise ball free with every purchase of a complete m/i fw 7\< V*V Recommended retail price: $368/£o/e Distributors: SHIN MEI TRADING (S) PTE UIX TEL *****2/*****4 SEE THE SOKO UNI-NET AND OTHER SOKO GOLF ACCESSORIES AT
      122 words
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  • Article
    Share Information Service
    1947 6 SECTION ONE INDUSTRIALS 1*71 Hick Low Company Last Sale +orGr'i div Div c'yt Gr's c Net P/E Vol Day Hick Low 175' 200 100 237 186 402 204 248 460 137 135* 172 60 185 66 254 149 172 394 39 Acma Alcom Allied Choc Bala Ben
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  • Article
    Transactions in Singapore
    1101 6 BID and offer price* officially listed and business in and reported to the stock Exchange of 81ncapore 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 Board
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  • Article
    In Kuala Lumpur
    1192 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. INOWSTMIAkS A. Ta»a (0.408 0 458) AJlnamata <1 SIB). Alax. Maid (0.8S8).
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  • Article
    Unit trusts
    124 6 81NGAPOR* UNIT TRUST (Muun'iriwbrDKW INCOME BOND UNIT (Currant prtoaa) INCOME BOND I M 1 14 The 8* vtnf Fund 0.96 1.00 S'poreProc. Fund 0.76 0.84 S'pore Security Fund 1.27 1.34 S'pore Invest Fund ..108 1.06 ASIA UNIT-RUST (Maaagan* prtoaa far Dae SO) Mai Invert Fund 1,66 1.77 Mai
    124 words
  • Article
    External currency bonds
    131 6 B O T S 1/3% 1981 (100.000) (102*B 103*8) DBS* 1/2% IM2 (100,000) (99*8 100*8) DBS Convert! 1/2% 1991 (100,000) (978 97*8) E I B 9% 1982 (100,000) (102 SB 103*8) E I B 8 1/4% 1963 (100,000) (99*8 100*8) I B J 8 1/2% 1981 (100,000)
    131 words
  • Article
    Domestic govt bonds
    110 6 5 1/2% 1/12/77 (1,000,000) (101.SOB 101.708) 5 1/2% IS/4/78 (1,000,000) (101.008 101.088) 5 1/4% 15/7/78 (1,000,000) (101.358 101.458X1)101.40(1)101.35 6 1/2% 15/8/78 (1,000,000) (103.508 103.608) 7% 1/7/79 (1,000,000) (104.808 104.908) 5 1/4% 15/19/79 (1,000,000) (100.708 100.858) 8 3/4% 15/6/80 (1,000,000) (102.958 103.058) 3/4% 1/12/80 (1,000,000) (102.958) 5% T
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      176 6 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who
      176 words
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  • Article
    Good gains at SES
    513 7 EQUITIES ware marked op ■cross a wide front ia moderate trading at the Stock Exchange of Singapore yeaterday. Thia followed reports of severe disagreement at tfea Opec masting ia Qatar ia the morning. Thia waa conflrmed later by aewa that there was not going to be
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  • Article
    Trading in KL ends higher
    447 7 SHARE prices reacted higher In fairly active trading on the Kuala Lumpur stock market yesterday. Speculators and investors were relieved and to a certain extent pleased over the outcome of the Opec meeting. Eleven of the 13-member oil cartel will increase oil g rices by
    447 words
  • Article
    US Steel expects lower profit
    106 7 NEW YORK, Fri. US Steel Corp expects earnings for 1976 to be between US$5.lO and $5.25, executive vice-president, Mr. Bruce Thomas told Reuters. Last year, the company earned $4.89 a share after adjustment for a stock split. Last month, the president Mr. David Roderick told
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  • WALL STREET AND OTHER OVERSEAS MARKETS
    • Article
      New York
      1148 7 NEW YORK: Prices moved lower on Thursday amid profittaking and uncertainty about the outcome of the opec oil pricing conference in Qatar. The slide was just part of some profit-taking after a very steep advance.espically in second tier stocks said Newton Zlnder of E. F. Hutton. Monte J.
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    • Article
      Amsterdam
      299 7 AMSTERDAM: Shares fell across the board on Thursday with Akzo and Royal Dutch leading the trend In Dutch Internationals. dealers said. Akzo fell on Enka'i 1976 loss forecast. Declines elsewhere were led by KLM on Its load factor fall. Bijenkorf on the news that unlisted Vroom EN Drees ma
      299 words
    • Article
      Zurich
      268 7 ZURICH: The market cloaed slightly lower on Thuraday in featureless trading as a result of Investors' containment rather than selling pressure, dealers said. Among marginally lower banks AG LEU lost more ground than most In flnanclals, declines were generally limited and Bally Bearer closed very steady. Insurances ruled narrowly
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    • Article
      Frankfurt
      267 7 FRANKFURT: Most shares lost up to around two marks on market firs that Opec countries will decide on a IS per cent oil price rise, after shares had registered early gains on Thursday, market sources said. Among sharper losses. Cotnmerzbank which said It expects satisfactory earnings this year lost
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    • Article
      Paris
      328 7 PARIS: The market was lower on balance on Thursday on concern about the possible outcome of the Opec meeting, dealers said. Poods, electricals, metals and oils fell, while banks and chemicals were Irregular. Buildings and engineerings were slightly higher on balance. international oils led a general decline In foreign
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    • Article
      Toronto
      312 7 TORONTO: Western Oils advanced slightly while all other indices reflected fractionally lower share prices in moderate closing trading on the Toronto market on Thursday. Most sectors displayed widely mixed share prices. Among industrials, Maaaey-Ferguaon fell 2 to 21 1/4. The company yesterday reported higher year end results but was
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    • Article
      Milan
      167 7 MILAN: Btocks were mixed In moderately active trading on Thursday, with Pirelli and Fiat shares attracting strong interest, bourse sources said. The market was nervous ahead of a decision from the Opec ministers' meeting. Pirelli E.C. gained strongly, and Pirelli SPA was also firmer. Aaic eased and Generate Immobilia
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    • Article
      Brussels
      167 7 BRUSSELS: Most prices fell on Thursday as the bourse reacted to the possibility of Opec raising crude oil prices 15 per cent from next year, bourse sources said. Trading was active, but most movements remained small. However, Cockerill and St Roch made exceptional gains. Sidro, Hoboken, GB and Conetra
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    • Article
      Sydney
      458 7 SYDNEY. The market was mixed in subdued trading on Friday, with the reported OPEC oil price rise taken in the market's stride, dealers said. BHP fell 26 cents to A 57.54 while Hooker's lost six cents to 55 cents with 250,000 units traded the Walea lost six cents to
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    • Article
      Manila
      195 7 MANILA: Mining and oil averages declined but commercial issues were firm In thin, sluggish trading, on Friday dealers said. The oil price news from the Opec meeting and the proposed merger of Rustan and Picop had no immediate effect, with an oU price rise already expected, they said. Among
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    • Article
      Hongkong
      369 7 HONGKONG: The market rose sharply In active trading on Firday on a bullish Interpretation of the apparent outcome of the Opec oil price meeting, dealers said. The Hang Seng Index rose 9.31 points to close at 425.16. The likely average rise In oil prices next year Is around the
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    • Article
      Bangkok
      81 7 DEC 17 BahU Asia Fibre 1108 unch Bangkok Bank 229 unch Bangkok In»e«t Bangkok-Metro-politan Bank Bata 3618 unch Bar U Jucker 157 unch Charoong Thai Wire 153 unch Dumex Dualt Thanl Paber Merlin Pimmm 155 Indo-Thal 1708 unch J And J Ho 100 ♦I Jaiaprmthan Cement 78 unch Karaaauta
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    • Article
      Lock icon Tokyo
      518 7 Reuter TOKYO: The market firmed in fairly active trading on Friday with investors encouraged by a lower-than-expected oil price increase, dealers said. The Dow Jones average added 28.78 points to close at 4,793.86 > with volume 480 million snares, I while the New index closed at 387.91, up 2.12.
      Reuter  -  518 words
    • Article
      Indices
      105 7 FINANCIAL TIMES INDUSTRIALS Thursday 322 7 Wednesday 313.9 Week ago 319.' i TIN Thursday 110." J5 Wednesday 118 90 Week ago 119 19 RUBBERS Thursday 48" 7 .68 Wednesday 47 7.17 Week ago 4f H.96 OILS Thursday 392 98 Wednesday 387.84 Week ago 400.57 DOW JONES A VERA GE
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    • Article
      Lock icon EIB loan for Santa Fe Minerals
      108 7 Reuter LUXEMBOURG, Frl. The European Investment Bank said It granted Santa Fe Minerals (UK) a US$3O million 8% per cent seven year loan to help finance the development of Its 21.7 per cent stake Jn the Thistle Oil Field in the British sector of
      Reuter  -  108 words
    • Article
      Lock icon Exxon to spend $22bn
      89 7 Reuter HOUSTON, Frl. Exxon Corp will spend $22 billion over a four-year period starting in 1977 for capital and exploration improvements, chairman Clifton C. Garvin told analysts. He said the firm's capital and exploration expenses In 1976 totalled more than five billion dollars. Garvin said the
      Reuter  -  89 words
    • Article
      Lock icon World Bank marks issue
      81 7 Reuter FRANKFURT, Frl. The World Bank Is raising 250 million marks through a seven per cent 10-year International bond to be issued at around 99 per cent, banking sources said. The management group consists of Deutsche Bank and Dresdner Bank. The bonds will be placed inside
      Reuter  -  81 words
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      Page 7 Advertisements Column 1
      154 7 "TT 1 it* n V VI V v cv H* rr'-r 1 *V >5 'c v» c?. k T 'N r *>:« &r--i"S > i 7 From Singapore To Amsterdam Athens Bahrain Belgrade Brisbane Darwin Frankfurt London Melbourne Teheran Vienna Thurs. Sat Mon. Thurs. Sat Daily Mon Wed. Fri. Sun
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  • COMMODITY REPORTS AND PRICES
    • Article
      Rubber market
      642 8 IN the Singapore rubber market yesterday, prices moved narrowly in early trading and later advanced gradually on speculative buying interest triggered by uncertainties over the Opec price meeting and fresh Rumanian enquiries, dealers said. January was traded at a high of 196.50 cents but mild profit-taking towards the
      642 words
    • Article
      SSR and SMR
      101 8 DAILY 8SR and SMR price* at noon ye*t*nlay R.A.S. Dae. (Curat Mth) torn. (Forward Mth) ipvkc) t»y» Mian iparkf) ■SSH 20 SSR50 (1-ton Pallets) (1-ton Pallets) 184 00 181 50 I85.00N 182.50N 185.00 182.50 186 OON 183 50N M.K.K.L.B SMR 5CV SMR 5L SMR 5 SMR 10
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    • Article
      Straits tin
      159 8 THE Btraits tin price In Penang yesterday was down $7.12* to $1,228.00 per Dlcul on an official offering down 35 tonnes to 190 tonnes. In LONDON yesterday, tin hardened by £15 for Cash and around £7 for Three Months In standard metal. Hlghgrade was £15 and £10 up
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    • Article
      Closing prices
      28 8 Rubber: Dee 17 Singapore: Jan. 195.50 cts (up 1.75 cts.) Malaysia: Jan. $90.99 eta. 2.90 cts) $1,228.00 (down $7.12V4) Official offering: 190 tonnes (down 36 tennee)
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    • Article
      Silver
      153 8 LONDON, Frl. Silver lost 1.6 to 2.5 pence per troy ounce. In contrast to bate metals the market appeared restrained by the steadier trend In sterling and weekend selling, dealers said. Offerings In the ring were generally well absorbed however and despite the low bullion dealers fix the market
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    • Article
      Palm oil
      117 8 THE following Palm Oil price* were quoted In London on Thuruiav t*«. and are Tbunday Prv*. Malaysia 5% ff a bulk Dec Jan Feb/Mch Sumatra 5% ♦56* 455* 455' 465 sir 458 sir 457 sir Dec Jan Feb Mar Apr Nigerian 5% f f a bulk Sterling per
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    • Article
      Produce prices
      266 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY Coconut OU: Bulk MS sellers, old drum 190 sellers. new drum MS sellers Copra: Mind (loose) UK/ Cont. 554 Pepper: Muntok AST A white f.o.b. 100% NLW MOO tellers, Sarawak white f.o.b. M% NLW MM sellers, Sarawak special
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    • Article
      Gold
      328 8 IN the Singapore gold market yesterday, the loco London gold fluctuated in good two way trading between U*****.25/133.75 at the opening and U*****.75/133.25 at the close. The kllobar was also In demand and fluctuated between 5510,590 to 8910,650. The London morning fix was U*****.15, down $1.25 on the previous
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    • Article
      Copper
      249 8 LONDON, Frl. Copper wire bars had gains of £5.50 Kr tonne for Cash and £4.50 r Three Months. Values sagged on the premarket under scattered liquidation prompted by currency considerations and expectations of a modest rise in stocks. But subsequently prices rallied in the ring on covering reflecting news
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    • Article
      Lead
      76 8 LONDON. Frl. Leas gained £4.50 for Cash and £4 for Three Months reflecting the steadier trend in copper, also some short covering and nearby buying support which, dealers said was symptomatic of some tightening in end year material although the overall supplies position remained more than adequate. Three Months
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    • Article
      Coffee
      173 8 LONDON, Frl. The terminal opened around £17 up from Thursday's close but by end session values were £32 to £55 higher. 206 lots were traded. New contract highs were again established with Mch trading upto £2,825 and Nov featuring at £2,682. Market sources said New York's very firm close
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    • Article
      Prices fluctuate in active mart
      383 8 SEE-SAW fluctuations within a range of six cents were encountered during the week with the market finally off some two cents on balance report. Holiday Cutler and Bath In their weekly rubber review. Turnover however continued relatively thin due to caution over the price decision
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    • Article
      Zinc
      78 8 LONDON, Prl. Zinc rose by £5.90 for Cash and £4.50 for Three Months. The general steadiness In base metals together with short covering against expectations or a further sizeable fall in stocks this week served to lift Three Months up to £403 per tonne before light profit-taking pared gains.
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    • Article
      Sugar
      131 8 LONDON, Prl. Terminal sugar opened quietly steady with first call gains from Thursday of £0.75 (near Mch at £129 bid) to £1.15 per tonne. Dealings were thin at 194 tots. The London Dally Raws price was £1 lower at £115 per long ton while whites were unchanged at £146.50.
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    • Article
      Wheat
      96 8 CHICAGO, Thurs. Wheat futures closed mostly 3/4 to 1-1/4 cent a bushel lower, although December finished one cent higher and March was unchanged at the end. Prices moved in a range of about two-cents in the thin trade. Gains in soybean futures encouraged buying which countered the negative effects
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    • Article
      Soybeans
      58 8 CHICAGO, Thurs Soybean futures closed with gains of 4-3/4 to 1-1/2 cents a bushel after trading In a narrow range In light deallngs. With improved overseas buyer Interest lending sup- port, Wednesday's selling failed to carryover at the opening. Prices firmed on shortcoverlng but the market lacked followithrough and
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    • Article
      Rice
      186 8 BANGKOK, Frl. Indicative prices for rice quoted yesterday were: US dollars par tonne for basis Bangkok White Rice: 100 percent Ist class ISO 100 percent 2nd class 275 100 percent ltd class 270 5 percent 2M 10 percent 217 15 percent 234 10 percent 2SI IS percent 222 35
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    • MONEY AND EXCHANGES
      • Article
        Singapore
        768 8 YESTERDAY'* announcement of a 10 per cent oil price Increase by 11 of the Organisation of Petroleum Exporting Countries' 13 members had no viable impact on currency movements In Singapore's foreign exchange market, or for the matter, Europe's. Dealers said that for some time now the market had discounted
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      • Article
        Asian $ rates
        116 8 Asian rates ASIAN currency dcpodt interbank rUouttcloMooOKtr VtDmt bnflprt) oam BM 7 dajri .41/* 4 5/1 1 mtto S 5/16 51/16 2 mlhs 8 J/16 81/16 Smtlu 5 4/16 51/16 Smthi 5 8/16 17/16 9 mux JM 8 1/1 12 nihi 51/4 5 5/t Sw. Fr%. Dan. WMh 1 Bth
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      • Article
        Discount market
        47 8 RANGE of prices offend by discount house* on Dec 17. Oernlfhl 1%. to 3* Call deposit 1* to J* S-Month Treasurer Ml S-MonUi Banks Mils 3-Month CD •-Month CD >V i» 1 IM S1/3 41/* °,m M 21/t Sl/« in 4 Source: National Discount Co.
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      • Article
        Euro $ rates
        100 8 Euro rates LONDON, Prl. Period Eurodollar deposits opened slightly higher and extended initial gains by around 1/16 or so In early trading, dealers said. Shorts were little changed. More enquiry than actual business was reported with lack of offerings making for a basically thin market. Rates tended to come sllghly
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      • Article
        London
        357 8 LONDON, Frl. Prospective oil price Increases of ten and five per cent by Opec countries, significantly less than the 10 to 15 per cent range anticipated by the market, helped the currencies of major Importers such as the US and Japan, dealers said. The market was thin with operators
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      • Article
        New York
        121 8 NEW YORK, Thurs. The dollar closed weaker on balance from Wednesday amid uncertainty about the size and Implications of an Opec oil price rise, dealers said. Sterling closed at U551.6670/80 from $1.6620/40 overnight and $1.6630/45 in London after reported Bank of England support in London and possible New
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      • Article
        Hongkong
        90 8 HONOKONO, Frl. The US dollar continued to fall back and was quoted In late dealings at HK54.7525/7535 compared with $4.7560/7580 at midday and the opening of $4.7575/75.90, dealers said. Sterling moved to U851.6675/6685 at the close, slightly under its local high for the day of $1.6680/6605, but virtually unchanged
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      • Article
        Tokyo
        79 8 TOKYO, Frl. The U8 dollar for overnight delivery closed at 294.75 yen, unchanged from Thursday's close, but down from 295.50 at the opening. Dealers said the US currency initially advanced with buying demand reflecting an overnight decline In the Japanese yen In overseas centres. Dollars for Immediate delivery closed
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      • Article
        Treasury bills tender
        55 8 RESULTS of Treasury bills tender held on Dec 17 for 91day Treasury bills to be issued from Dec 20 to 24. Offered: $30 million Applied for $85,900,000. Allotted. $30 million Accepted bids: $99.26 approximately 84 per cent; higher bids in full. Average rate of discount on allotment:
        55 words
      • Article
        Minimum lending rates (in %)
        56 8 Minimum lending rates (in ACBC First Chicago .6^ Algemene Bank 6* Citibank Bangkok Bank .7* HSBC 7 Bank of America Indosuez .0% Bank of China .7* Malayan Banking Bdnk of Tokyo 6*« Mitsui Bank 6* Bank Negara OCBC 6*. Indonesia .7'* OUB 6V« Chartered Bank UCB 7 Chase Manhattan 6^.
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      • Article
        Zurich
        39 8 ZURICH exchanges closing on Dec 16. US 2.4495-4505 UK 4.0690-0735 Can 2.4090-4110 W.Germ 102.65-74 Neth 98.55-64 France 49.09-12 Belg 6.72-K-7.3-V4 Denm 41.96-42.00 Norw 46.93-97 Swed 58.88-92 Italy 0.2829-2832 Austria 14.46-48 Port 7.76-78 Spain 3.58-*-58-* Arg 0.85-1.15 Japan 0.82-%-83-W
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      • Article
        Australia/NZ
        46 8 AUSTRALIA/NZ exchanges Australia: Sterllng 0.6371/0.6297 US dollar 1 Ninety day t-ir mall buying rates: Sterling 0.6682 US dollars 1.0836 Ninety day forward buying rates: Sterling 0.6561 US dollars 1.0617 New Zealand: Sterling 0.5511/0.5481 US dollar 0.9218/0.9118 Ninety day forward rate: Sterling 0.5921/ US dollar 0.9390
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      • Article
        Frankfurt
        41 8 FRANKFURT exchanges opening quotes on Dec 17. US 2.3875/ 90 Can 2.3520/ 30 UK 3.980/ 995 Neth 95.92/ 96.07 Swltz 97.35/ 50 Italy 2.755/ 770 France 47.82/97 Norw 45.74/ 84 Belg com 6.54/55 Belg fin 6.55/ 56 Japan 0.8090/ 8100
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      • Article
        Eurobond prices
        244 8 Eurobonds, were generally firm in moderate to brisk trading, dealers said. US Issues were encouraged by news of two-tier oil price Increases from the opec conference and prices of older Issues gained up to 1/2 point while more recent bonds were steady to 1/8 higher. Among convertibles, U8
        244 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      446 8 is? 'i *7" tmm IjlL^L Li. I "si~ 3 5 5 -"S i i'u A THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and
      446 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article, Illustration
      Aussie computer helps to catch customs evaders
      991 9 SYDNEY, Friday AN AUSTRALIAN computer system Is simplifying entry for most travellers and imported goods, while speeding up detection of smugglers and others avoiding customs and import duties. Seconds after a traveller presents his passport at an Australian customs barrier, the computer can
      991 words
    • Article
      Alternate fuel for future passenger airliners needed
      492 9 BURBANK (Calif), Friday AN ALTERNATE fuel should be designated as soon as possible for advanced commercial aircraft entering service In the *****, because there Is a strong probability that petroleum-based jet fuel will not be available at acceptable cost In many parts of
      492 words
    • Article, Illustration
      IN PORT
      485 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Hongkong Mail 9 (after Jastarnia Bor) (Draft: 9.5 m) 3/4 Willemskerk (after Tonsberg Hal Sheong Hauls) 8/9 Hal Sheong (1100 hauls 10m West) 6/7 Hoegh Orris (after Vishva Ambar) 15/16 Ramoneverett (after Eastern Mars) 18 Eldal Maru No. 1 (after Loon Chong) (subj.
      485 words
    • Article
      Lock icon Egypt tests Suez-to-Alexandria oil pipeline
      402 9 CAIRO, Friday UPI EOYPT on Wednesday began operational tests on a Suez-to-Alexandria oil pipeline, a Joint Arab venture which eventually could grab some business from Israel and South Africa. The tests consist of storing one million tonnes of oil unloaded by tankers at Aln Sukhna,
      UPI  -  402 words
    • Article
      Lock icon London freight market
      153 9 AP LONDON, Frl. North American grain fixing expanded on the London freight market yesterday but this only underlined the continued depressed state of freight rates. For instance, U554.25 (FIO) was repeated by another 70,000-tonne bulkoil carrier The Sauda on the US Gulf grain route to Europort In
      AP  -  153 words
    • Article
      Lock icon British-French appeal to N.Yorkers
      151 9 BritishFrench appeal to N.Yorkers Reuter NEW YORK, Fri. Britain and France yesterday appealed to New Yorkers to save their city as aviation gateway to America and save the profitability of Concorde at the same time. In an unusual news conference, the consuls general of both nations appealed for the Anglo-French
      Reuter  -  151 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      547 9 ARRIVALS DEPARTURES Service Local Operator Number Time From Service Local Operator Number Time For TMA TL301B 0030 TPE JAL JL712 1000 HLP OA OA471 0100 MEL/SYD CAL CZ18I4 1000 HLP CPA CX004 0200 HKG SIA SQ21I 1010 HLP SIA SQ081 0530 BAH/ORY QIA GA980 1030 HLP CAL
      547 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      629 9 SINGAPORE From January 1977 SINGAPORE BUSINESS is on sale. What, another business publication? No, not just another. In fact, we were here first and businessmen here still find they need Singapore Trade and Industry monthly to give them the depth, the essential facts and figures and the "inside dope" on
      629 words
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  • Article, Illustration
    TRADE BARRIERS
    1475 10  -  How C-Market protectionism affects S'pore -By QUEK PECK LIM THE implications of an increasingly powerful wave of protectionist sentiment sweeping Europe are beginning to exert its effect on the thoughts and speeches of our leaders. Ministers and senior officials. both in public speeches and in private discussions, have
    1,475 words
  • Article, Illustration
    Lock icon Soviet bloc faces New Year with greater power
    1400 10  -  By OTTO DOELLING NYT THE Soviet bloc faces the New Year with strengthened military might and tightening ideological cohesion. But It Is uneasy over stagnating relations with an American Government In transition and finds Itself beset by varying degrees of Internal tensions
    NYT  -  1,400 words
  • Article
    Lock icon French crackdown on franc flight
    1006 10  -  By PETER KILBORN NYT ONE recent morning at dawn, French customs inspectors descended unannounced on the homes of three middle-level executives of Credit Lyonnais. France's second biggest bank and one that belongs to the state, as do the country's other big commercial banks. The Inspectors
    NYT  -  1,006 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      416 10 He is the new child in a new age. He needs the encyclopaedia for today. Britannica 3. £2 The child of today is more involved. More aware. And must learn 50% more than a child 20 years ago. That's precisely why yesterday's reference works can't really satisfy his needs. He
      416 words
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  • Article, Illustration
    Lock icon DEC 23 MEETING TO SELECT HIS SUCCESSOR
    358 11 MIKI BOWS OUT Reuter TOKYO, Frl. Prime Minister Takeo Miki today announced his intention to resign, ending two years in power rocked by the Lockheed payoff scandal and culminating In a humiliating election setback earlier this month for his Liberal Democratic Party (LDP).
    Reuter  -  358 words
  • Article
    Lock icon Detente policy to change says Carter man
    319 11 UPI PLAINS, Frl. Newly appointed national security adviser Zblgnlev Brzezinskl said yesterday there have been "Imbalances" In the US-Soviet detente policy molded by Dr. Henry Kissinger, and that policy will be changed In the next four years. Mr. Brzezinskl also said he feels
    UPI  -  319 words
  • Article
    Lock icon President to chairman
    93 11 UPI TOKYO, Frl. Tokujl Wakasa, president of All Nippon Airways (ANA) who was Indicted in connection with the $12 million Lockheed payoff scandal, resigned his post today and became chairman of the board. Wakasa told a special stockholders' meeting that he was "sorry for causing trouble to
    UPI  -  93 words
  • Article
    Build-up of skilled force must continue
    237 11 SINGAPORE must continue to build up a "diligent and highly skilled workforce" if Its modernisation process Is not to suffer Mr. J.J. Gerzon, acting chairman of the Singapore International Chamber of Commerce, said yesterday. Mr. Gerzon. who Is also head of Shell, Singapore, was
    237 words
  • Article
    Lock icon Three back in the news again
    115 11 Reuter SYDNEY, Frl. An eightweek strike by about 1,400 newspaper production and maintenance workers employed by one of Australia's major publishing companies has ended, with unions agreeing to submit grievances over new production technology to arbitration. The stoppage, by workers employed by the John
    Reuter  -  115 words
  • Article
    DBV 'corners' marine supply mart in just 5 months
    462 11 THE local subsidiary of David Brown-Vosper (Offshore) has managed to supply marine equipment to 75 per cent of Singapore's oil-refinery Industry since its establishment in July this year. DBV specialises in marine equipment, mostly loading arms and single point mooring buoys.
    462 words
  • Article
    Lock icon Imitation bracelets: Firm's warning
    142 11 UPI PUBLIC warnings were recently Issued by Sabona of London against the sale of imitation Sabona copper bracelets, following the discovery of such imitations In the market four months ago. Contacted yesterday, a company spokesman said that the imitations, believed to be manufactured locally, were found
    UPI  -  142 words
  • Article
    Lock icon 320 km zone: Seoul to wait and see
    104 11 UPI SEOUL, Frl. South Korea will await the outcome of the United Nation's sea law conference next May before proclaiming a 320 km economic zone, a newspaper published In Seoul said yesterday. The Hankook Ilbo, a nationally circulated Independent daily, quoting a
    UPI  -  104 words
  • Article
    Lock icon JAPAN CONSERVATIVE RULE: END OF AN ERA?
    537 11 UPI TOKYO, Frl. Prime Minister Takeo Mlkl's re-, slgnatlon after only two years In office Is probably the beginning of an end to perennial conservative rule in Japan. Mr. Takeo Fukuda, Mr. Mlkl's arch rival and a conservative, is most likely to succeed
    UPI  -  537 words
  • Article
    Lock icon 1976 – a better year for KL
    153 11 1976 a better year for KL AP WASHINGTON, Frl. The U8 Department of Commerce said yesterday the Malaysian economy will finish 1976 In considerably better shape than 1975. The economic upswing in Malaysia has been led by substantial Increases In Its principal exports rubber and tin, the department said. "With
    AP  -  153 words
  • Article
    Lock icon 'Every hope' for Pak
    70 11 UPI ISLAMABAD, Frl. The executive secretary of the Economic and Social Commission for Asia and the Pacific (Escap) Mr. J.B.P. Maramls yesterday said he has "every hope" of Pakistan Joining Escap's Bangkok agreement for the expansion of regional trade. Mr. Maramls concluded talks yesterday with the
    UPI  -  70 words
  • Article
    SUITS
    44 11 MANSFIELD Travel has sued Euiey Corporation for $22,135 In a writ filed In the High Court. In other writ, R.E. Morris brought a suit against Singapore Clay Products for $42,770, allegedly being the sum due for goods sold and delivered to the latter.
    44 words
  • Article
    Lock icon Manila- US security talks bogged down
    261 11 ManilaUS security talks bogged down UPI MANILA, Frl. President Marcos said today Philip-pine-US security negotiations, including use of military bases in the Philippines, have reached a "problemstic" stage. Addressing the opening session of the National Legislative Advisory Council, he isfrtied to stalled negotiations with the United Btatas oa a new
    UPI  -  261 words
  • Article
    Lock icon Offshore banks
    27 11 Reuter MANILA, Frl. The first offshore banking units should be operating in the Philippines within six months, central bank governor Gregorlo Llcaros said. Re uter.
    Reuter  -  27 words
  • Article
    Giant tin project dropped in favour of people
    536 11 KUALA LUMPUR, Frl. Malaysia's biggest tin mining project for many years, the multi-million dollar Kuala Langat scheme, has been officially dropped because of objections by the local Umno. Datuk Hormat Rafei, the Selangor Menterl Besar, told the State Assembly yesterday that the
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  • Article
    Lock icon Topple govt call by Thai Reds
    206 11 Reuter HONGKONG, Frl. The Communist Party of Thailand has called on the Thai people and all democratic forces to overthrow what It described as the "fascist reactionary and traitorous regime," the New China News Agency reported today. The Agency monitored here said the call
    Reuter  -  206 words
  • Article
    Lock icon ALERT FOR KIDNAP BID
    98 11 Reuter BANGKOK, Frl. Thai police have laid on special police protection for the British Ambassador here, Sir David Cole, because they have heard rumours that there might be a plan to klnap him,. police said today. They told Reuter a request for special police protection for
    Reuter  -  98 words
  • Article
    Lock icon Sunday home coming for Praphas: Samak
    243 11 Reuter BANGKOK, Frl. A former Thai military ruler, Field Marshal Praphas Charusathlen, Is expected to return here from three years of self-exile in Taiwan next Sunday night, Interior Minister Samak Sundaravej said today. "He is going to come here on the evening of Sunday
    Reuter  -  243 words
  • Article
    Lock icon Report after Xmas
    60 11 Reuter PARIS, Frl. The Organisation for Economic Cooperation and Development's (OECD) half-yearly economic outlook report will not be published until after Christmas because of a staff strike, an OECD spokesman said yesterday. Staff voted yesterday to suspend their two-day-old strike until today to give the OECD's governing
    Reuter  -  60 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
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      Page 11 Advertisements Column 2
      438 11 1. ELECTRONIC TEST ENGINEER 2. PRODUCTION SUPERVISOR 3. MACHINE SHOP SUPERVISOR Well established manufacturing electronic company in its expansion program, invites suitably qualified candidates to respond to our advertisement. Qualifications, Experience, Job Responsibilities for: I Training discipline in Electronic Engineering with a few years experience in Semiconductor Manufacturing Company in
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      Page 11 Advertisements Column 3
      314 11 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 185 (Pursuant to Section 254(1 )(b)) TECK HUAT PROPERTIES (PTE) LTD. 4 t an Extraordinary General Meeting of the above-named Company duly convened and held at Room 1111. 11th Floor, Golden Mile Tower, Beach Road, Singapore 7. on the 15th day
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  • Article
    Workers should not expect too much warns minister
    381 12 IT WILL be unrealistic for any union to assume that Singapore workers can still rightfully demand higher wages and better conditions of services at the rate they had enjoyed In the past. This warning was sounded by Mr. Ong Pang Boon, Minister
    381 words
  • Article
    Lock icon Plan for oil belt
    75 12 AP CARACAS (Venezuela), Frl. Venezuelan Government petroleum experts are preparing a plan for development of the vast accumulation of heavy oil In the Orinoco oil belt, a government official said yesterday. Mr. Francisco Gutierrez, head of the government's Orinoco oil belt division, said the plan would
    AP  -  75 words
  • Article
    LONDON STOCKS
    803 12 LONDON, Frl. The stock market closed on a strong note In response to news that Saudi Arabia will limit its oil price to five per cent and increase oil production celling, dealers said. Turnover, however, was relatively light with stock shortage accentuating advances among equities. At 3 p.m.,
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  • Article, Illustration
    Help reduce high mishap rate in building: Ong
    738 12 CALL TO PROFESSIONALS MR. ONG Pang Boon, Minister for Labour, yesterday called on the professional men of the building Industry to help arrest the industry's high rate of accidents. The construction industry accounts for one in six industrial accidents and, more alarmingly,
    738 words
  • Article
    NEW COMPENSATION SCHEME BY HDB
    155 12 DR. Saw Choo Ban, senior structural engineer of the Housing and Development Board, yesterday said that the HDB has worked out a new workmen's compensation scheme. Dr. Saw said that under the new scheme, contractors for HDB will be required to pay the Board an
    155 words
  • Article
    New petroleum bill to allay investors
    561 12 KUALA LUMPUR, Frl. The controversial "management shares" clause of the Petroleum Development Act 1974, aimed at protecting the legitimate Interests of Petronas In the downstream activities, is to be repealed. In addition, the Prime Minister is empowered to exempt from the requirement of licensing
    561 words
  • Article
    Reason for that Cilicap refinery loan
    124 12 THE need to convert a short-term loan to longerterm appears to have been the reason for the US$75 million (*****.5 million) Asian dollar loan to the Cilicap Refinery in Indonesia. It is believed that cost overruns on the refinery, which was completed recently and
    124 words
  • Article
    Tax accord with Swiss in force
    84 12 THE convention for the avoidance of double taxation, signed between Singapore and Switzerland on Nov 25 1975, came into force yesterday, following the exchange of notes between the two countries, according to the Ministry of Finance. The Convention will apply retrospectively In Singapore and
    84 words
  • Article
    Bolivia pushing ITC to brink again
    451 12 LONDON, Frl. Bolivia appears to be performing another act of brlnksmanshlp on the tin world and all for the sake, some might say, of Ms2s per plcul In the floor price of the metal. It is the only producing country which has not ratified
    451 words
  • Article
    Study to pool Asean shipping resources
    232 12 KUALA LUMPUR, Frl. An in-depth study will be made on Asean shipping requirements with a view to pooling Asean shipping resources to carry out Inter and Intra Asean trade efficiently and economically. The study, to be carried out by members of the Federation of
    232 words
  • Article
    Move by firms over KL shipping rules
    161 12 SINGAPORE shipping companies are believed to be planning to take atepa to comply with new merchant ■hipping regulations which have been promulgated in the Malaysian Parliament. These steps include re-re-gistering some of their Singapore-registered vessels with the Malaysian register and selling substantial portion
    161 words
  • Article
    $2 bil put aside for telecoms
    130 12 SINGAPORE has earmarked $2 billion to be spent on telecommunication infrastructure In the next 10 years, the general manager of the Telecommunication Authority of Singapore, Mr. Goh Seng Kim, said yesterday. He was speaking at the signing of an agreement with Eastern Telecommunications Philippines
    130 words
  • Article
    Lock icon Aussies cut spending
    35 12 Reuter CANBERRA, Fri. Australian Treasurer Philip Lynch announced today that government spending will be cut by AS2SO million (Ss64B million). The cuts will be achieved mainly by deferring expenditure, he said. Reuter.
    Reuter  -  35 words
  • ELECTION RALLIES
    • Article
      'Vote wisely? I do agree with Dr Toh'
      347 12 WORKERS Party secre-tary-general J.B. Jeyaretnam said last night that he was In complete agreement with Health Minister Dr.,Toh Chin Chye when he called on the people to "vote wisely". Mr. Jeyaretnam was speaking at a rally held at Margaret Drive last night.
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    • Article
      DR LEE SAVES THE DAY AT UF RALLY
      268 12 THE first ever United Front rally at Fullerton Square yesterday was saved from being a disaster by the cooperation of its other partners in the Joint Opposition Council and the presence of Dr Lee Slew Choh, leader of Barisan Socialls. The six
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    • Article
      The PKMS platform — justice and freedom
      143 12 The PKMS platform justice and freedom "WE stand today for Justice and freedom In the broadest sense," began Enclk Shamsuri Selamat, secretarygeneral of the PKMS. Speaking at the party's rally In Jalan Serai last night, he said: "We Intend to fight for freedom of speech, communication and assembly, of which
      143 words
    • Article
      Chiam's $1,000 dare to PAP if elected
      219 12 MR. Chiam See Tong Independent candidate for Calrnhlll, yesterday issued a strong challenge to the ruling People's Action Party and offered to forfeit his MP's allowance If he is elected, provided one of the PAP MP's does the same. "If you put me
      219 words
    • Article
      Victory's already in bag — Raja
      191 12 Victory's already in bag Raja MR. S. Rajaratnam, addressing a rally at the Junction of Malay Street and Malabar Street last night, said that the problem of the People's Action Party is not to win the coming elections, it will surely win, but to win with an overwhelming majority. He
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      Page 12 Advertisements Column 2
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