The Business Times, 21 December 1976
1976-12-21
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The Business Times
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Title Section10 1976-12-21 1 BUSINESS TIMES M.C.(P) 1455/76 TUESDAY, DECEMBER 21, 1976 30 CENTS10 words
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NEWS IN BRIEF
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Article71 1976-12-21 1 MADRID, Mon. An angry crowd of ultra-right wingers jostled, jeered and tried to attack the Prsident of the Cortes (Parliament) today, accusing him of betraying General Franco. Mr. Torcuato Fernandez Miranda, a confidant of King Juan Carlos, had to be rescued by two policemen armed with sub-machine71 words
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Article70 1976-12-21 1 PARIS, Mon. The world's industrialised countries signed a history-making agreement today to pool solar energy knowledge in order to lessen their need for oil. On the heels of a decision by oil-producing nations to raise the price of oil again, most member countries of the International70 words
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Article53 1976-12-21 1 AP WASHINGTON, Mon. Total US output of goods and services showed an annual rate of Increase of 3.9 per cent in the fall quarter, revised government figures showed today. The latest revision leaves the growth rate slightly below the four per cent rate most economists consider necessaryAP - 53 words
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Article32 1976-12-21 1 UPI TOKYO, Mon. A mild earthquake was felt in the Tokyo area at about 1126GMT, the Meteorological Agency reported today. There were no reports of casualties or damage. UPI.UPI - 32 words
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Article37 1976-12-21 1 KUALA LUMPUR, Mon. The Prime Minister Datuk Hussein Onn is to make a five-day visit to the Arab Republic of Egypt from Jan 5 at the invitation of the Egyptian Premier Mr. Mamdouh Salem.37 words
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Article57 1976-12-21 1 AP JERUSALEM, Mon. Qualified political sources said today they expected Prime Minister Yitzhak Rabin to resign within the next 36 hours and call a general election about five months ahead of time. Mr. Rabin would continue to govern as a caretaker prime minister until elections were held,AP - 57 words
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Article45 1976-12-21 1 Reuter MANILA, Mon. Mrs. Imelda Marcos, wife of the Philippines President, said tonight she had negotiated sufficient contracts for sugar exports to take care of the country's immediate stockpile and future annual production. She gave no details of the deals. Reuter.Reuter - 45 words
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Article32 1976-12-21 1 UPI WELLINGTON, Mon. Authorities today declared a state of emergency after torrential rain flooded large areas of suburban Wellington, leaving about 35,000 commuters stranded in the city overnight. UPI.UPI - 32 words
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Article43 1976-12-21 1 UPI NEW YORK, Mon Dow Jones averages, based on first hour of trading today on the New York Stock Exchange: 30 Indus 977.48, down 1.58; 20 transp 234.02, down 0.85; 15 utils 105.00, down 0.13; 65 stocks 317.65, down 0.66. UPI.UPI - 43 words
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Chief Price Changes
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Article, Illustration182 1976-12-21 1 GOOD gains attended shares at the Stock Exchange of Singapore yesterday when firm trading conditions prevailed for most of the session. Volatile shares gained most and this lifted the Business Times index 6.52 points to 263.12. Rises among blue chips were smaller, with the Straits Times Industrial182 words
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Article107 1976-12-21 1 Rises Most active O.C.B.C. M 00 is Haw Par 555,000 A. Hi lam Tin 111 10 10 Central Sugars 291,000 M. Banking $0.40 10 Inchcaoe 182 000 Sanyo Matsushita C. Storage Oentlng DBS U.O.B. Rlverview Utd. Malacca CandC E.N.E. Falls C.C.M Berjuntal $1.80 $2.32 $3.20 $2.00 $4.02107 words
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1028 1976-12-21 1 BP TO LEAD THE WAY? OIL companies in Singapore are likely to approach the government soon to seek approval for price rises of petrol and petroleum products, following the higher prices announced at last week's Opec meeting. While this is going to be1,028 words
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Article125 1976-12-21 1 Reuter TOKYO, Mon. Japan's crude oil import bill is likely to Increase by seven per cent In fiscal 1977, starting in April, instead of the officially estimated 10 pr cent, as a result of the Opec price increases decided last week, financial officialsReuter - 125 words
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Article402 1976-12-21 1 KUALA LUMPUR, Mon. In spite of an assurance by Finance Minister Tengku Razalelgh Hamzah, oil experts are not ruling out the possibility of an increase In domestic prices in the next few months. Tengku Razalelgh said on Saturday that there was no reason to402 words
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Article184 1976-12-21 1 JAKARTA, Mon. Indonesia has not yet decided how much to raise Its oil prices following Opec's decision to raise prices by 15 per cent, a spokesman of the Department of Mining said today. Mr. Hardjoko Saputro said Indonesia, an Opec member, has been selling Its184 words
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Article155 1976-12-21 1 KUALA LUMPUR, Mon. Shell Malaysia has appointed refinery manager. James Kao, 47, as Its general manager in charge of all downstream activities In East and Peninsular Malaysia, a post formerly held by Shell Malaysia's charlman and chief executive Mr. Richard Hu. Mr. Kao will relinquish155 words
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Article125 1976-12-21 1 Business man Mr. Tu I Tong, 55 was appointed chairman of the Singapore Tourist Promotion Board on Dec. 1. A founder member of National Iron and Steel Mills, Mr. Tan also holds directoships in several manufacturing and finance companies in Singapore and South-east Asia. Among these are125 words
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Article74 1976-12-21 1 Reuter TOKYO, Mon Japan will boldly cut back Its steel output in the next quarter between January to March 1977 to combat a slump In domestic and export dev mand, the Japanese Ministry of International Trade and Industry said today. The ministry announced in a new officialReuter - 74 words
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Article, Illustration332 1976-12-21 1 Reuter MANILA, Mon. Mr. Slxto Roxas, president of the Philippines Bancom development corporation who expects to be elected to the board of the Singaporebased Slme Darby Holdings, said today he believed his country, along with Thailand and Indonesia should invest in the company toReuter - 332 words
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305 1976-12-21 1 A FAR-SIGHTED plan to gain duty-free access to EEC markets for television sets made in Singapore is being put into operation by the Government. It involves attracting the manufacture of television tubes to Singapore, which would significantly increase the locally made content of305 words
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559 1976-12-21 1 Our external debts stand at 7pc of assets Lee SINGAPORE'S external debts come to $570 pilllion or just seven per cent of her external assets. This was stated by Prime Minister Lee Kuan Yew yesterday at a People's Action Party rally at Fullerton Square, which also attracted other PAP speakers559 words
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Article68 1976-12-21 1 PLAINS (Georgia), Mon. President-elect Jlm.ny Carter today named economist Juanita Kreps as Commerce Secretary in his administration, making her the first woman member of his Cabinet. The President-elect announced his choice of Mrs. Kreps, 55, vice president of Duke University, Durham, North Carolina, at a press conference here.68 words
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Page 1 Advertisements
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Advertisement75 1976-12-21 1 We are the Rota people ROLEZ in Singapore Come and see us! Eastern Watch Co. OttioaDy Apponted Dealer Grd. Ft.. Panirtsuia Shopping Centre Cot**n«n St Singapore 6 T«4:*****V See Page Two INSIDE Overseas newt/TV 6 Radio P 2 Overseas news/Features P 3 Local Co news P 4 International Co news75 words
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Advertisement38 1976-12-21 1 it H ~h --,4w4V^s im,M m pte v r T:0 :V< •n &A f, <#f x a* ,ty »&< «\r/s *w. ii V." JS* in 9 rMM #•<• v il^ r Dunhill comes to John Littles. Ground Floor Robina House.38 words
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Advertisement100 1976-12-21 1 U-Bix COMPLETE COPY* i SYSTEM APS ELECTRONICS (PRIVATE) LIMITED S.nOWXy* T.. uwOOISLmwi APS ELECTRONICS (M) SON BHD KUALA CUMPUB T* 20*72'»1«0 SEE BACK PAGE €XPORT. GOOD FOR YOUR DUSIN6SS, GOOD FOR SINGAPORE. The Chartered Bank takes the complications out of export and puts the service in. More than 1500 branches100 words
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OIL ROUND-UP
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Article, Illustration366 1976-12-21 2 UPI I CARACAS, Mon. The discrepancy over oil price hikes within Ooec Is a "mere incident" and does not affect the unity of the producers cartel, Venezuelan President Carlos Andres Perez (above) said on Saturday. "We have nothing to fear, there Is noUPI - 366 words
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Article239 1976-12-21 2 Reuter JOHANNESBURG, Mon. South Africa, richly endowed with almost all minerals except oil, has reported Its most promising oil strike so far in a 10-year-old Intensive search. The news came last week on the same day that oilproducing countries meeting in Qatar fixed new pricesReuter - 239 words
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Article247 1976-12-21 2 Reuter DOHA. Mon. Llbvan Oil Minister Mr. Ezzedln Mabrouk denied a Kuwait newspaper report that the 11 Opec states which decided on a 10 per cent price Increase also agreed to cut back output in proportion to any Increase in Saudi Arabian production. But he told Reuters that theyReuter - 247 words
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Article100 1976-12-21 2 Reuter NEW DELHI, Mon. The increase in oil prices will have an adverse impact on India's economy unless Opec takes special steps to protect the Interests of developing oil Importing countries, an External Affairs Ministry spokesman said. He said the Indian Government understood that this question was discussed atReuter - 100 words
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Article167 1976-12-21 2 Reuter BRUSSELS, Mon. Iran believes It can maintain a 10 per cent rise In Its oil prices despite the decision of Saudi Arabia and the United Arab Emirates (UAE) to Increase their prices by only five per cent and increase production, Iranian Finance Minister Houshang Ansarl said. Mr. Ansarl,Reuter - 167 words
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Article87 1976-12-21 2 Reuter BANGKOK, Mon. Thai Prime Minister Thanln Kralvichlen said today he regarded the new oil price hike by Opec countries as a world crisis which Thailand had no alternative but to face. He said the Thai Govern ment had instituted measures to cope with the problem, especially in easingReuter - 87 words
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Article77 1976-12-21 2 Reuter JAKARTA, Mon. The Independent Indonesian dally Pikiran Rakyat today criticised Saudi Arabia for not joining the Opec majority members on the oil price hike. "Saudi's own decision can be understood but not praised. "The decision of the 11 Opec members is not an arbitrary one but It isReuter - 77 words
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Article, Illustration809 1976-12-21 2 Reuter MANILA, Mon. The latest oil price Increases may have a less damaging effect on the Philippines economy than was first feared, but there is still anxiety that any economic crisis could undermine the country's stability and security. Informed sources said yesterday that theReuter - 809 words
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OVERSEAS
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472 1976-12-21 2 AID FOR UK ALSO ON AGENDA UPI PARIS, Mon. Monetary experts from leading noncommunlst nations open three days of talks today to determine the Impact of recent oil price increases and to study details of financial aid for Britain. Three meetings have been calledUPI - 472 words
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Article309 1976-12-21 2 AP NEW YORK, Mon. Prospects for an overall Middle East settlement are better than ever and negotiations could resume in Geneva by late spring, United Nations SecretaryGeneral Kurt Waldheim said in an interview published here yesterday. "Everyone wants an early resumption of the Geneva conference and theAP - 309 words
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269 1976-12-21 2 Reuter MANILA, Mon. Mr Geronimo Velasco, chairman of the Philippines national oil company, haa reported to the newly, formed Legislative Advisory Council on the Government's plana to combat the oil price increases announced by Opec last week. Mr. Velaaco said the Government wouldReuter - 269 words
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680 1976-12-21 2 AP JERUSALEM, Mon. An early election In Israel apGared certain after Prime lnlster Yitzhak Rabin ousted three ministers from his Cabinet for breaking coalition discipline over a religious Issue, qualified political sources said. The sources pointed to next May as the likely timeAP - 680 words
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Article, Illustration285 1976-12-21 3 Italians want Arabs to finance their exports Reuter ROME, Mon. Flat chairman Giovanni Agnelli yesterday suggested that the Soviet Union should ask Arab countries to finance Italian exports to East Europe. In an Interview with the Milan dally Corrlere Delia Sera. Mr. Agnelli said the markets of communist East EuropeReuter - 285 words
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Article143 1976-12-21 3 Reuter LONDON, Mon. A new economic plan for Britain, designed to steer a moderate line between socialism and capitalism, has been suggested by a group of opposition Conservative Party politicians. The group, which hopes the scheme will be adopted as Conservative Party policy, calls for aReuter - 143 words
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487 1976-12-21 3 WARSAW, Monday Reuter LIFE for many householders In Poland Is going to be a lot easier after Parliament approved a Bill during the weekend which gives a new deal to the small, private trader. It has taken two years of agonising by theReuter - 487 words
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360 1976-12-21 3 Reuter BRUSSELS, Mon. Less than two weeks before the European Common Market Introduces Its 320 km fishing limits, EEC foreign ministers met in a special session here today for a last minute effort to find a Community fishing policy acceptable to all.Reuter - 360 words
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593 1976-12-21 3 NYT NEW YORK, Mon. Just two years ago, consumers were confronted by the spectre of global shortages of basic foodstuffs and industrial raw materials. Many commodity traders at the time expected government regulation of their industry because of the shortages. TodayNYT - 593 words
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164 1976-12-21 3 Reuter HONGKONG, Mon. China's biggest oilfield, Taching, haa fulfilled ita 1976 production plan 16 days ahead of schedule while its various production quotas have hit an "all-time high", the official New China News Agency reported today. The agency, monitored here, said crude oil output, oilfieldReuter - 164 words
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Article110 1976-12-21 3 Reuter TOKYO, Mon. The Japanese economy will grow 7.9 per cent in real terms In the 1977 financial year beginning next April under the Impetus of Increased domestic demand, an authoritative research Institute predicted today. The non-profit Research Institute of National Economy estimated economic growth In theReuter - 110 words
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Article40 1976-12-21 3 AP WELLINGTON, Mon. Overseas Trade Minister Brian Talboys announced today that New Zealand would enter Into a voluntary restraint agreement with the United States to ship 268,300,000 pounds of beef to the American market In 1977 APAP - 40 words
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Article, Illustration600 1976-12-21 3 TOKYO, Monday UPI NORTH Korea Is In deep financial trouble and there are no Immediate signs of It getting out of It the near future. The Pyongyang regime of President Kim II Sung owes estimated debts of US$2 billion with foreign suppliers, Including theUPI - 600 words
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298 1976-12-21 3 Reuter NEW YORK, Mon. Mr Michael Blumenthal, designated as the next US Secretary of the Treasury, has criticised the outgoing American administration for making foreign economic policy "a kind of stepchild in Washington to be kicked around," according to an interview in Time magazine.Reuter - 298 words
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310 1976-12-21 3 JAKARTA. Mon Reuter THE Association of Indonesian Concrete Bar Producers today announced a total and indefinite halt to production because of low demand and alleged unfair foreign competition. The production stoppage will begin on Wednesday and will affect 7,000 workers InReuter - 310 words
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359 1976-12-21 3 Bankers say Aussie revalued further SYDNEY, Mon. Reuter BANKERS here said they believe the managed Australian exchange rate has been shifted upwards by about one percentage point cumulatively on Friday and today In relation to the trade weighted basket used for fixing the rate. They said this reduced the netReuter - 359 words
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70 1976-12-21 3 Rueter TAIPEH, Mon. Economic Minister Y.S. Sun said electricity rates for household, commercial and Industrial use are raised by an average of 20 per cent from today, but the rise Is for maintenance of power development and has nothing to do with theRueter - 70 words
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264 1976-12-21 3 AP PARIS, Mon. Iceland's economy was marked by deteriorating trade and close to 50 per cent inflation during the past year, but the outlook for 1977 is encouraging, the Organisation for Economic Co-operation and Development said today. "Recent developments in Iceland have been dominatedAP - 264 words
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Article36 1976-12-21 3 Reuter TOKYO. Mon. High-level talks between Japan and the European Common Market on their Increasingly bitter shipbuilding dispute have been put back 24 hours until tomorrow, the Japanese Foreign Ministry said today Reuter.Reuter - 36 words
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Page 2 Advertisements
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Advertisement441 1976-12-21 2 >{'.+"'\.'|<<:{@*[@%"@,)=%{\^%" Get off the bandwagon! SINGAPORE TRADE AND INDUSTRY puts its finger on survival techniques for the Singapore businessman in its November issue don't follow the crowd, diversify, and fast! The Republic's leading monthly economic review examines practical applications of this principle with its in-depth coverage this month of the441 words
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Page 2 Miscellaneous
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Miscellaneous209 1976-12-21 2 WEATHER report for 24 hours prior to 7.30 p.m. on Dec 20 at Singapore airport. Maximum temperature 30.5° C Associated humidity 70 Minimum temperature 23.4° C Associated humidity 99 Hours of sunshine 9.55 Rainfall in millimetefs Nil Total rainfall for the month 136.7 Total rainy days for the month 9209 words
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Page 3 Advertisements
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Advertisement70 1976-12-21 3 gr t r 0w K1 0 w&m U WMLA* Kc v /< :L Wgg^P J r .-v m m /v> e O *°Q/ e Sf/. *O e V e l e 4 A>^( A°V<? S/ Vq**£ Cq *A Q/^ A S fA l/ P A ,s\ e <% <?/>/• &S^SSeS*70 words
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COMPANY NEWS
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655 1976-12-21 4 Lower earnings forKillinghall Tin LOWER production and higher operating costs led to a 17 per cent fall In pre-tax profit at Killinghall Tin In the year ended Sept 30,1976. Profit fell from M 53.01 million to $2.5 million. In view of these developments, the chairman, Mr. R.C. Hoffman, described the655 words
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331 1976-12-21 4 BUKIT Katll Rubber Estates looks all set to resume Its growth path for the current year after suffering a severe setback In the year ended April 30, 1976. In fact, Judging from the fine performance turned In by the company In the first331 words
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907 1976-12-21 4 MALAYBIA Rice Industries Is still optimistic that rice milling Is a viable business although It has Incurred losses on this account ever since It began operations In 1909. The year ended June 30, 1970 was no exception. Chairman Tan Brl Hajl Mohamed Noah bin Omar907 words
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636 1976-12-21 4 US LABOUR NEGOTIATIONS NYT NEW YORK, Mon. In next year's labour negotiations unions representing nearly 5 million workers in some of the nation's biggest industries seem likely to stress greater Job security and to seek only moderate pay Increases if Inflation does notNYT - 636 words
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Article353 1976-12-21 4 FT VIENNA, Mon. Zentralsparkasse the leading Vienna-based Austrian savings bank expects a 16.2 per cent rise In turnover this year to a record total of Sch. 55 billion (£1.96 billion). Announcing this at a press conference, Dr. Karl Mantler, director general and chairman of theFT - 353 words
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Article158 1976-12-21 4 FT ZURICH, Mon. For the financial year ended October 31 the Bwlss textilemachinery specialist Maschlne-fabrlek Rieter AO, of Wlnterthur. reckons on a fall In Its turnover from Bw. FYs. 373.8 m. to some Sw. Ft. 350 m., with production having been cut back and the work forceFT - 158 words
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Article426 1976-12-21 4 Current Ex Date Total for Total for >. Date payable the year previous year Khong Guan Flour 15% Nov. 25 Dec 21 15* 15* Premium Hold. 7.5*+ Dec 6 Dec 23 7.5*+ 12* Buklt KaUl 10* Dec 8 Dec 28 10*+ 16* P M Holdings 7.5* Dec. 14426 words
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COMPANY MEETINGS
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Article22 1976-12-21 4 THE following company meetings are due: Dec 23, 12 noon, 10 mile. Federal Highway, Sungei Way, Selangor.22 words
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18 1976-12-21 4 Jack Chia Mining Industrial Corporation Bhd.: Dec 27, 12 noon. Registered Office. 2 B Chartered Bank Chambers, Penang.18 words
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19 1976-12-21 4 Dec 29, 9.30 a.m., Registered Office, Penthouse, 10th Floor, Wlsma Central. Jalan Ampang. Kuala Lumpur.19 words
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Article19 1976-12-21 4 Dec 29, 11 a.m. Conference Room, 14th Floor, Bangunan Hong Leong, 117 Jalan Bandar. Kuala Lumpur.19 words
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Article193 1976-12-21 4 MORGAN Guaranty Trust of New York has made the following appointments In the bank's Singapore office: Mr Fock Siew Wah as vice f>resldent, Mr Arthur B Sculey, vice president, Mr Timothy Teo, assistant treasurer, Mr Wong Wing Key, auditing officer. Mr J.N. Clark has resigned as a193 words
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613 1976-12-21 4 Selling of business machines not a male preserve anymore NYT NEW YORK. Mon. Selling business equipment formerly was a man's game but not any more. For example, Pltney-Bo-wes, manufacturer of postage meters and large copiers, has more than doubled the number of women In its sales force in the lastNYT - 613 words
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Article68 1976-12-21 4 Reuter LONDON, Mon. Jobbing firms Akroyd and Smlthers and Stocken and Lazarus said they will merge subject to necessary consents Including approval of the Stock Exchange Council. Stocken's turnover is estimated at less than five per cent of Akroyd and Smlthers'. Stocken will cease trading onReuter - 68 words
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508 1976-12-21 4 AP NEW YORK, Mon. W. Bernard Richland is a lawyer whose only client has a 1 billion dollar suit to settle. In fact his client New York City seems to have no end of legal trouble. New York has been Involved InAP - 508 words
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Page 4 Advertisements
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Advertisement159 1976-12-21 4 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)159 words
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INTERNATIONAL COMPANY NEWS
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542 1976-12-21 5 GE-UTAH MERGER NYT NEW YORK, Mon. The "new" General Electric Company that officially begins its operations today will, from outward appearances, be little changed from the giant electrical manufacturer of old. But close observers point out that the US$2.l7 billion acquisition of Utah InternationalNYT - 542 words
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Article80 1976-12-21 5 Reuter CALGARY. Mon. Hudson's Bay Oil anu Gas said it has purchased r iom CarverDodge International Partnership their 8.66 per cent interest in an Indonesian production sharing contract. The contract covers 6.6 million hectares In the offshore South-east Sumatra area. The purchase price included a cash paymentReuter - 80 words
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Article85 1976-12-21 5 Reuter HONGKONG. Mon Unaudited group net profit at Tai Cheung Properties has jumped more than three-fold in the first six months ended Sept 30,1976. The company reported group net profit rose to HKSII.B6 million from $3.17 million and it has increased the interim dividend payable on JanReuter - 85 words
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Article83 1976-12-21 5 Reuter NEW YORK. Mon. Uniroyal Inc chief executive Mr. David Beretta said car tyre shipments for original and replacement markets in the US are expected to exceed 200 million units in 1977, compared with 189 million in 1976. Original equipment tyres, more than 70 per cent of which willReuter - 83 words
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Article29 1976-12-21 5 Reuter ZURICH; Mon. The Jutland Teit-phone Company's 60 million franc 5 1 i per cent 15-year loan was priced at 99 per cent, the loan prospectus said. Reuter.Reuter - 29 words
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647 1976-12-21 5 NYT SAN FRANCISCO, Mon. On the eve of the largest merger In American corporate history, executives and employees of Utah International are saying that its merger with the Oeneral Electric is generally a good thing for the San Francisco-based mining company, though questions remainNYT - 647 words
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Article150 1976-12-21 5 Reuter TOKYO, Mon. Japan's exports of motor will rise slightly in 1977 to 3.70 million units from an estimated 3.60 million units In 1976, Nissan Motor said. The company's own exports will rise to 1.15 million from 1.14 million, while its domestic sales should riseReuter - 150 words
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Article931 1976-12-21 5 ARTHUR GARCIA - THE B1 BOMBER By ARTHUR GARCIA Financial Times SOME of the first and most important decisions President-elect Jimmy Carter will face when he moves into the White House next month will have to do v ith efforts to stimulate the nalional economy. One of his biggestFinancial Times - 931 words
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Article212 1976-12-21 5 Reuter MUNICH. Mon. West German motor companies, currently approaching their capacity limits, will probably Invest a nominal 10 to 15 per cent more next year than In 1976, the IFO Economic Research Institute said. In a special study of the sector, it said the emphasis onReuter - 212 words
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Article69 1976-12-21 5 MELBOURNE, Mon. Broken Hill Pty said preliminary figures show its crude oil production rose to 35.6 million barrels in the six months ended Nov 30 from 34 million in the same 1975 period. Natural gas output increased to 752.3 million m 3 (622.1 million m 3) in69 words
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132 1976-12-21 5 Reuter LONDON, Mon. Raw material cost Increases, coupled with the weakening of sterling, will result in continued pressure on costs In the beer and wine Industry In 1977, Bass Charrington chairman, Mr. Derek Palmar said In the annual statement. Company sales in the currentReuter - 132 words
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Article113 1976-12-21 5 LONDOM, Mon_ Pre-tax profit at Wilkinson Match has risen to 16.03 million (£4.80 million) on sales of £94.06 million (£72.23 million) for the half-year ended Sept 30. 1976. This makes for an earnings per ordinary share of 9.77. (8.34p) basic and 9.14p (8.03p) fully diluted.113 words
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435 1976-12-21 5 Reuter SYDNEY, Mon. Hooker Corp chairman, Mr J.K. Campbell told the Sydney Stock Exchange he believed a sharp fall In the company's share price followed the publication of a press report and a sharebroker's bulletin It considered misleading. The Exchange asked Hooker IfReuter - 435 words
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Article686 1976-12-21 5 BAKER, FENTRESS NYT NEW YORK, Mon. Man-bites-dog stories are rare in the investment company field, but there is one in the 18,000 shares of the Baker, Fentress Co. owned by the Acorn Fund. The Chicago-based Acorn is one of the Industry's bestperforming mutual funds. Baker, Fentress isNYT - 686 words
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Page 5 Advertisements
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Advertisement317 1976-12-21 5 r "V m M uJ m i Tf I K LXf DC tti A -M i 2* S V V IE v~ The three bosk needs and the three parts of Britannica 3 1. To get at the facts often a single fact aasily and quickly, without having to read317 words
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Article2013 1976-12-21 6 SECTION ONE INDUSTRIALS 1976 High Low Company Last Sale +orGr'i div Div c'vr Gr'» yld Net P/E Vol cooo) Day High Low 175' 206 100 237 186 402 204 135* 172 60 185 66 254 149 Acma Alcom Allied Choc Bata Ben Boustead Bousteadco 140 206 632,013 words
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Article1256 1976-12-21 6 BID and offer price* officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1000 units unless otherwise specified. All Time Settlement Contracts are Rited after the word "Bett." Board deals1,256 words
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Article1218 1976-12-21 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 1000 units unless otherwise specified. INDUSTRIALS. Ainsinolo (1.87B) A>c*m (2.13H 2.1*8). Alti Held (0 85S) A. Chat1,218 words
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Article140 1976-12-21 6 SINGAPORE UNIT TRUST (Maiacan' price* for Dk >1) INCOME BOND UNIT (Currcst price*) The Commerce The 8«vtng Fund S pore Pro* Fund S pore Security Fund S'pore Invest Fund 1.73 1.83 O.M 1.01 O.M O.M l.M 1 35 l.M l.M INCOME BOND 1 M 1.14 MARA BUMIPUTRA FUND140 words
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Article136 1976-12-21 6 B O T 8 1/2% 1981 (100,000) (102'*B 103HS) D B S 8 1 /2% 1982 (100.000) (99V48 100*48) DBS Converts 6 1/2* 1991 (100,000) (97V48 97SS) E I B 9% 1982 (100,000) (102HB 103 HS) E I B H 1/4% 1983 (100,000) (1008 100 *4S) I136 words
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Article104 1976-12-21 6 5 1/2% 15/4/78 (1,000,000) (101.588 101.68S) 5 1/4% IS/7/78 (1,000.000) (101.358 101.455) 6 1/2% 15/8/78 (1,000,000) (103.508 103.605) 7% 1/7/79 (1,000,000) (104.808 104.908) 5 1/4% 15/10/79 (1.000,000) (100.708 100.85S) 4 3/4% 15/6/80 (1,000,000) (102.958 103.058) 6 3/4% 1/12/80 (1,000,000) (102.958) 5% T F 15/4/81 .(1,000,000) (101.358 101.455)104 words
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Page 6 Advertisements
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Advertisement22 1976-12-21 6 a r V I I r5 1 V i k i k i V i found only in the best company... If22 words
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Article460 1976-12-21 7 FIRM trading conditions prevailed at the Stock Exchange of Singapore yesterday. The market opened with a bout of speculative buying taking up price* on a wide front. Volatile issues, particularly the lower-priced one*, were marked up to the extent of five per cent at the height460 words
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Article594 1976-12-21 7 SPECULATIVE support pushed prices higher across a fairly wide front on the Kuala Lumpur Stock Exchange yesterday. The market, following last Friday's firm closing, reacted bulllshly In the first few hours of trading, with significant gains chalked up across the boards. Although some profittaking appeared594 words
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OVERSEAS MARKETS
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Article550 1976-12-21 7 TOKYO: Bhare prices advanced In brisk trading on Monday with selective Interest spread over a wide front, although late profit taking eroded part of the gains, dealers said. The Dow Jones average rose 20.26 to 4,820.11, with volume 400 million shares, regaining the 4,800 level for the first time550 words
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Article432 1976-12-21 7 SYDNEY: Leading minings and Industrials closed generally lower on Monday following the revaluation of the Australian dollar reported by bankers and a forecast from the Associated Chamber of Manufacturers that the business situation will re- main unchanged In the next six 1 months, dealers said. However Hookar rose 14432 words
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Article383 1976-12-21 7 HONOKONO: The market closed hlghec on Monday, extending Friday's Use, but prom taking pared early gains in active two-way trading, dealers said. A continued bullish reaction to the outcome of the Opec oil price meeting boosted prices, as did the firmer trend for local stocks In London on Friday,383 words
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Article175 1976-12-21 7 MANILA: The market rose slightly on moderately higher turnover on Monday, dealers said. Oils and commercials gained fractionally while mining Issues firmed as the copper price touched 00 cents a pound. Among gainers were Atlas Con A. Baguio Gold, Lepanto B, Phi lex A and Oriental A, but Acoje175 words
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Article79 1976-12-21 7 DEC Bahu Ail* Fibre 106 Bangkok Bank 220 unci) Bangkok Invest. 1348 Bangkok-Metro-politan Bank Bata 3618 unci) BerllJucker 157 unch CharoongThal Wire 1538 Dumex Dualt Thanl Paber Merlin First Trust 1538 Indo-Thal 1708 unch J And J Ho 1828 Jalaprathan Cement 75 -1 Karnasuta 33 unch LeeKwangMln Metal Box79 words
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Article287 1976-12-21 7 AMSTERDAM, Mon. Nijverdal Ten Cate, Holland's largest textile company, revealed that it was again expecting to incur a loss of F15.28 million on sales of F15.410 million In 1975, losses had been of the same magnitude. The company also announced a further drastic cutback in staff by287 words
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Article712 1976-12-21 7 Robert Metz - SEC TO COLLECT DATA By Robert Metz AVON product!, a glamour Issue using lipstick and powder to force a spectacular performance In the stock market, peaked In 1973 when it became clear that there was a limit to the amount of cosmetics the avon lady could sell712 words
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681 1976-12-21 7 FT FRANKFURT. Frl. West Germany's powerful chemicals Industry is now well back on the road to recovery after last year's recession. Most of the companies In the Industry have shown Improvements In both profits and turnover, but none more so than theFT - 681 words
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164 1976-12-21 7 AMSTERDAM, Mon. Na-tional-Nederlanden, Holland's biggest Insurance company, is expecting net profits per share on capital Increased by the rights Issue "at least" to equal last year's Fls. 15.05 level. Stating this projection at an executive board meeting, the company also Indicated that it was164 words
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519 1976-12-21 7 NYT NEW YORK, Mon. The Federal Reserve last Friday permitted the Federalfunds rate, the basic Interest rate of the money market, to trade at 49/16 per cent, and It took no action to keep It from drifting that low. Later it announced a reductionNYT - 519 words
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295 1976-12-21 7 Reuter BRUSSELS, Mon. Eurobond issues totalled an all time record U5512,150 million in 1976, Kredletbank N.V. said in its latest weekly bulletin. This figure includes Euroguilder issues but excludes any Deutschmark issue where the majority was underwritten by German banks even though a largeReuter - 295 words
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Article44 1976-12-21 7 Reuter LONDON, Mon.— Dunlop Holdings' exports from the UK totalled £111 million in the 11 months to November, 25 per cent up on the same period last year, the company said. Tyre exports now total more than £2 million a month. Reuter.Reuter - 44 words
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Page 7 Advertisements
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Advertisement334 1976-12-21 7 Yes, Penguin books are not to be found in any ordinary shop. ®in little road-side stalls. Heavens, certainly not in the asar malam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational quite unlike the type that merely appeals to the334 words
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COMMODITY REPORTS AND PRICES
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Article550 1976-12-21 8 IN the Singapore rubber market yesterday, preChristmas conditions prevailed during the morning with prices hovering slightly above last Friday's levels. Enquiries for forwards and some buying Interest for February top sheet were factors contributing to the minor rise, they said, The morning session closed quiet with January RSS550 words
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Article123 1976-12-21 8 DAILY SSR and SMR prices at noon yesterday R.A.S. Jan. (Current Mth) Buyer* Seller* (cent* per kg) Feb. (Forward Mth) Buyer* Seller* (cent* per k«) SSR 20 (1 -ton Pallets) 184 00 18S.00N 185 00 186 00N SSR 50 (1-ton Pallets) 181 50 182 50N 182 50123 words
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Article124 1976-12-21 8 CHINESE PRODUCE EXCHANGE SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY Coconut Oil: Bulk $85 sellers, old drum $90 sellers, new drum $95 sellers. Copra: Mixed (loose) UK/Cont. $54 buyers Pepper Muntok ASTA white f o b. 100% NLW $297', sellers, Sarawak white f o b. NLW $282'= sellers124 words
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Article185 1976-12-21 8 THE Straits tin price In Penang yesterday was up $10.00 to $1,251.00 per plcul on an official offering up 103 tonnes to 278 tonnes. LONDON yesterday, tin showed gains of around £32 per tonne for cash and £30 for Three Months In the standard contract. High grade rose185 words
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Article28 1976-12-21 8 Rubber: Dec 20 Singapore: Jan. 195.50 eta (unchanged) Malaysia: Jan. 199.75 eta. (down 0.25 eta) Tin: $1,251.00 (up $10.00) Official offering: 278 tonnes (up 103 tonnea)28 words
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Article186 1976-12-21 8 IN the Singapore gold market yesterday, the loco London gold opened at U*****.75/ 131.25 and was taken to a high of $131.25/ 131.75 before closing at $131.00/ 131.50. The kllobar was lightly traded in the range of 5510,440 to $10,485. The London morning fix was U*****.50, down $0.40 on186 words
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Article110 1976-12-21 8 LONDON, Mon. Copper wirebars gained £7.00 per tonne for cash and £7.50 for three months. A firmer tendency developed as covering lifted values on a somewhat oversold market following the steadiness of New York's Friday close. Three months In the pre-market traded up to £813.00 before profittaking pared gains110 words
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Article65 1976-12-21 8 LONDON, Mon. Lead rose by £3.25 per tonne for cash and £1.00 for three months. The continued tightness of end year metal was emphasised by further cash buying support which took the position up to £288 per tonne and narrowed the contango to £8.00. Three months held around the65 words
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Article49 1976-12-21 8 LONDON, Mon. Silver finished 0.3 pence per troy ounce higher to 1.0 pence lower. Scant Interest was shown in this market and trading was at a low ebb with turnover limited to 18 lots. Dealers said gold was a supporting Influence but otherwise there were no new factors.49 words
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Article52 1976-12-21 8 LONDON. Mon. Zinc gained £2.75 per tonne for cash and £3.00 for three months. The substantial decline in warehouse stocks last week encouraged modest covering support which took three months up to £406.50 per tonne before scattered Eroflt- taking resulted in i.J»oo deallnf 1 back t0 Sales were only52 words
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Article184 1976-12-21 8 LONDON, Mon Robutsta futures opened steadier £36 to £22 up from Friday's close with 526 lots traded. Jan gained £36 at £2,636 while Mch put on £30 at £2,690. Dealers attributed the rise to a continuation of Friday's late buying Interest linked to the overall tight supply situation and184 words
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Article83 1976-12-21 8 LONDON, Mon. Terminal opened quiet with prices £0.05 down to £0.25 up from Friday's close. Slaes totalled 152 lots. Dealers said the only talk In actuals was that India is open to bids for Jan/ Mch shipment white sugar. Quiet conditions persls- ted throughout the morning and prices finished83 words
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Article190 1976-12-21 8 BANOKOK, Mon. Indicative prices for rice quoted in Bangkok yesterday were: US dollars per tonne for basis Bangkok White Rice: 100 per cent Ist class 290 100 per cent 2nd class 275 100 per cent 3rd class 270 5 per cent 258 10 per cent 237 15 per cent190 words
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Article100 1976-12-21 8 Reuter BANGKOK, Thailand exporte 36.98 million kilos of rubber of all grades during August, compared with 2.25 million In July, trade sources said. This brought total rubber shipments in the first eight months of the year to 243.60 million kilos compared with 230.4 million in the sameReuter - 100 words
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298 1976-12-21 8 Reuter PERTH, Mon. Australian Gold Producers Association chairman. Mr. R.C. Buckett, said recent events, including the net devaluation of the Australian dollar may have provided the climate for at least a partial recovery in the fortunes of the Australian gold mining industry. However, thereReuter - 298 words
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259 1976-12-21 8 NYT. NEW YORK, Mon. The New York Cocoa Exchange is planning to join the trend toward offering trading in options based on futures contracts, it announced recently. However, the cocoa exchange's proposed options would be traded alongside futures on the tradingNYT. - 259 words
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183 1976-12-21 8 Reuter EXPORTS of sheet and crepe rubber from Singapore and Peninsular Malaysia rose to 101,555 tonnes In September from 144,680 tonnes In August and 155,758 in September 1975, Statistics Department figures show. Of September exports (August In brackets), the UK took 11,980 tonnes (10,828), theReuter - 183 words
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Article74 1976-12-21 8 Reuter GENEVA, Mon. Prices of plantation products such as coffee, cocoa, tea, sugar cotton and rubber need to be stabilised to improve living conditions for their millions of workers, the International Labour Organisation (ILO) said. The Geneva-based United Nations agency said its committee on plantationsReuter - 74 words
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Article151 1976-12-21 8 Reuter LONDON. Mon. The Times commodities column said two questions remain to be answered following the ITC decision to raise the floor and ceiling prices of tin. Will Bolivia ratify the agreement by the December 31 deadline and what policy on tin releases fromReuter - 151 words
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Article150 1976-12-21 8 Reuter LONDON. Mon. C. Czarnikow in its latest sugar review carries factual extracts from F.O. Licht's second estimate of world sugar production in the 1976/ 77 season, published earlier last week. It notes that the higher forecast total for Europe includes increased projected output from France andReuter - 150 words
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MONEY AND EXCHANGES
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Article553 1976-12-21 8 THE Singapore foreign exchange market returned to normality after the excitement caused by the unexpected five per cent increase in oil price by Saudi Arabia and the United Arab Emirates last Friday. Dealers said that as the major banks In the world and Singapore had already covered their positions553 words
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Article172 1976-12-21 8 Asian rate ASIAN currency deposit Interbank rates as at clow on Dec 20 I'SDWUrslSp*) Offar Bid 7 days 1 mth 2 mths 3 mths 8 mths 8 mths 12 mths 43/4 4 5/8 4 15/16 4 13/16 3 1/1* 4 15/16 s i/a 5 5 3/8 9 1/4 5 9/16172 words
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Article47 1976-12-21 8 RAN3E of prtcet offered by discount houses on Dec 20 Dvermcm 1% to 3% CUt deposit 2 to 3% CMag Bay Selling 3-Month Treasurer bills 3 27/B 3-Month Bankers btlla 37/18 3 5/16 3- Month CD 39/16 37/ie 6-Month CD «1/1 Source: National Discount Co.47 words
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Article62 1976-12-21 8 Minimum lending rates (in ACBC 6% First Chicago 6*« Algemene Bank 6% Citibank 6V. Bangkok Bank .7% HSBC 7 Bank of America 6^4 Indosuez flv, Bank of China 7* Malayan Banking 6H Bdnk of Tokyo 8 1 Mitsui Bank 6*« Bank Negara OCBC 6 J Indonesia 7'« OUB Chartered Bank62 words
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Article225 1976-12-21 8 r LONDON, Mon. Sterling l firmed against the dollar, recouping most of the ground lost last week on the 1 adverse Initial reaction In International currency i markets to the British government's economic i package. i Sterling rose to I U551.6775/85 from $1.6705/15 on Friday, asi slsted by the225 words
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Article166 1976-12-21 8 HONGKONG, Mon. The US dollar fell to a 21 month low here at HK54.7310/7330 In late trading, compared with $4.7430/7450 at midday and the opening $4.7520/7530, dealers said. They added the main cause for the US currency's decline was a lack of buying interest in a thin market with166 words
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Article136 1976-12-21 8 TOKYO, Mon. The US dollar for overnight delivery closed at 294.20 yen, down from 294.50 at the opening and 294.75 at Friday's close. Dealers said the dollar's decline was initiated by increased dollar selling with an anticipated inflow of dollars through foreign investments in Japanese securities taking advantage of136 words
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Article241 1976-12-21 8 Euro rates LONDON, Mon. Period Eurodollar deposits opened slightly easier and extended the decline in early patchy trading, dealers said. The offered tendency was ascribed to the Federal Reserve Board cut In reserve requirements of member banks' demand deposits which will reduce required reserves by around US$55O million. Dealers saw241 words
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Article50 1976-12-21 8 AUSTRALIA/NZ exchanges quoted on Dec 20: Australia: Sterling 1.0639/1.0591 US dollar 0.6361/0.6283 Ninety day air mall buying rates: Sterling 0.6661 US dollars 1.0890 Ninety day forward buying rates: Sterling 0.6543 US dollars 1.0670 New Zealand Sterling 0.5612/0.5581 US dollar 0.9427/0.9327 Ninety day forward rate: Sterling 0.6023/ US dollar 0.9602.50 words
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Article31 1976-12-21 8 FRANKFURT exchanges quoted on Dec 20. US 2.3832/47 Can 2.3510/40 UK 3.990/4.005 Neth 95.90/96.05 Switz 97.22/37 Italy 2.750/765 France 47.77/92 Norw 45.66/76 Belg con 6.540/555 Belg fin 6.550/560 Japan 0.8090/811031 words
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Article336 1976-12-21 8 LONDON, Mon. Eurobonds traded generally steady to a shade firmer In quiet conditions aheat* o the Christmas holiday, dealers said. US issues saw some buying interest in shorter dated bonds following slightly lower US short term interest rates, and In first time dealings, Hamersley Holdings' US$4O million BV4336 words
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Advertisement441 1976-12-21 8 >u 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 the441 words
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TRANSPORT AND COMMUNICATIONS
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Article844 1976-12-21 9 TERRY DODSWORTH - EUROPEAN TRUCK INDUSTRY By TERRY DODSWORTH Financial Times LONDON, Mon. Most of the glamour and virtually all of the outside Interest In the commercial vehicle Industry Is concentrated on heavy trucks. They pre-occupy the legislators, they annoy the environmentalists, and they fascinate drivers and engineers. But theFinancial Times - 844 words
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175 1976-12-21 9 AP LONDON, Mon. A substantial recovery in the tanker industry during *****980 was predicted today by Terminal Operators Limited, a London-Based shipping consultant and research company. In its publication, "World Tanker Outlook, 1977-1980," the company forecast "a substantial and stabilised recovery in 1979-1980 followingAP - 175 words
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Article, Illustration899 1976-12-21 9 AP LONDON, Mon. The sara of Cunard liner Queen Elizabeth 2 reads like the script for a disaster movie. But the great ship will soon be sailing into what looks like another fabulous and financially rewarding voyage. On Jan 15, the QE2, asAP - 899 words
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Article, Illustration430 1976-12-21 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Fushlml Maru (JBVK) (after Khlan Captain Kosmonavt) 10/11 Palm Sea Horse (Tanker) (P/O) (0900 after Hoegh Orris) (Subject Gas Free) 16 Stolt Boel (Tanker) (2000 after Palm Sea Horse sails) (Subject Gas Free) (P/O) 15/16 Bunga Blndang (1500 subject free board) 19 Perils430 words
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668 1976-12-21 9 MIAMI, Monday NYT THE UNITED States Federal government has embarked on a stringent safety crackdown on largeplane leasing operations out of the Miami area, prompted largely by the recent crash In Bolivia of a Miami-based Boeing 707 that killed 101 on the ground. The FederalNYT - 668 words
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Article74 1976-12-21 9 Reuter HOME, Mon. Italy and Libya plan to start official negotiations to expand trade between the two countries, according to a Joint communique issued at the end of a visit to Tripoli by Italian Foreign Trade Minister Rlnaldo Ossola Financing agreements, the Euro-Arab dialogue and the ImplicationsReuter - 74 words
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Article582 1976-12-21 9 ARRIVALS s Service Local Operator Number Time From CAL TMA CI331 TL303B 0040 0215 TPE/HKO/KUL BEY/DXB/ BOM/KUL JAL JL712 SIA SQ211 OIA OA980 OIA OA908 CALTAXPKCFD SAS SK971 1000 1010 1030 1100 1130 1130 HLP HLP HLP MES PKU CPH/BKK SIA SIA SQ201 SQ240 1200 1205 HLP582 words
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299 1976-12-21 9 NYT WASHINGTON. Mon. Secretary of Transportation William Coleman Jr. on Friday approved the construction of the nation's first two deep water ports, to be built in the Gulf of Mexico, overriding the objections of environmentalists and some antitrust experts. Two groups 'ofNYT - 299 words
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Advertisement79 1976-12-21 9 This announcement appears as a matter of record only. December 1976. LEMBAGA LETRIK NEGARA, TANAH MELAYU (NATIONAL ELECTRICITY BOARD OF THE STATES OF MALAYA) M 515,000,000 SEVEN YEAR TERM LOAN Managed by >ISE4MBu4NKERS M»L>4YSI» Provided by ASEAMBANKERS MALAYSIA MALAYSIAN INTERNATIONAL MERCHANT BANKERS BERHAD BANK BUMIPUTRA MALAYSIA BERHAD BANK OF AMERICA,79 words
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Article, Illustration1431 1976-12-21 10 ANTHONY ROWLEY - By ANTHONY ROWLEY HOWEVER successful Singapore's policy of attracting foreign manufacturing investment may have been in the past there is no doubt that the halcyon days of the early 1970's in this respect Is over, at least for the time being. Official spokesmen admit1,431 words
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Article, Illustration1992 1976-12-21 10 r WITH AN INCREASINGLY OBVIOUS GLOBAL PRESENCE, THE JAPANESE ARE BEING HINDERED BY A POOR IMAGE. KEVIN RAFFERTY EXAMINES THE CMJSES FOR THIS AND THE VITAL NEED FOR CHANGE THERE COULD hardly have been a better Illustration of how they came to win the1,992 words
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Article, Illustration639 1976-12-21 10 JOHN BARTON - Focus on 1977 Carter and Far East policy By JOHN BARTON THE Carter administration will move slowly but surely toward full diplomatic relations with Peking, in the next four years, but not without prior assurance of the security of Taiwan and South Korea. Both President-elect Jimmy Carter and Secretary of639 words
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Advertisement433 1976-12-21 10 APPOINTMENTS r GENERAL MANAGER 1 SOUTH EAST ASIA Negotiable from 5535,000 p.a. plus up to 100% incentive bonus A world-recognised leader in sophisticated industrial valves seeks to begin marketing and manufacturing in South East Asia. Starting with a sales office in Singapore, the enterprise will grow progressively through warehousing, local433 words
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Advertisement331 1976-12-21 10 NOTICES ADVERTISEMENT FOR CREDITORS IN THE MATTER OF COMPANIES ACT. Cap. 185 and IN THE MATTER OF FARLEIGH HOLDINGS PTE. LTD. (Members' voluntary winding up) NOTICE IS HEREBY GIVEN that the creditors of the above-named company, which is being wound up voluntarily, are required on or before 31st January, 1977,331 words
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Page 11 Advertisements
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Advertisement463 1976-12-21 11 Important reading for all businessmen i m L t K 1 Erf nc > i« Vll fdt apt*mnK to M f li V 1 Business Times is specially aimed at Singapore businessmen. Use the pages of Business Times as vour salesmen when you want to talk to them. Turn the463 words
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500 1976-12-21 12 Asean a force for peace, progress WELCOME STATEMENT BY MARCOS Reuter MANILA, Mon. President Marcos said today Asean, founded 10 years ago In Bangkok, was perhaps the strongest force created for the realisation of peace and progress In the region. The President made the remark In a welcome statement forReuter - 500 words
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Article148 1976-12-21 12 Reuter KUALA LUMPUR, Mon. The Association of Southeast Asian Nations (Asean) will soon restructure Its machinery for more effective economic co-operation among member countries, Asean secretary-general for Malaysia All Abdullah said today. Opening the sixth meeting of the Asean Permanent Committee on Science and TechnologyReuter - 148 words
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Article37 1976-12-21 12 Reuter BANGKOK, Mon. Thailand's trade deficit rose In August to a new monthly high of U5543.9 million (SIIOB.O million) from 116.2 million In July and $29.5 million In August 1975, Customs Department statistics show. Reuter.Reuter - 37 words
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307 1976-12-21 12 THEODOR Wille, the International trading house which recently established Singapore as Its head office for the Asean countries, will keep Singapore as the pivotal point for Its services, even when it expands Its operations to the Far East. The representative office, set up307 words
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Article, Illustration403 1976-12-21 12 Reuter VIETNAM'S ruling Workers Party ended a week-long conference In Hanoi yesterday after renaming Itself the Communist Party of Vietnam and re-electing Mr. Le Duan as its Secretary General. The congress, the first major communist gathering since national reunification earlier this year,Reuter - 403 words
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Article705 1976-12-21 12 LONDON, Mon. The stock market closed a little off the top after early profit-taking had given way to small buying Interest, and at 3 p.m., Financial Times Index was up 3.4 at 342.9. Government stocks were up to 1/4 point higher among longs while shorts gained around 1/8,705 words
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Article187 1976-12-21 12 NEPTUNE Orient Line's membership within the proposed Asean shipping conference will depend on the feasibility of the project, both economically and operationally. Mr. Ooh Chok Tong, managing director of Neptune Orient Line, said that the proposed shipping conference Is fine In concept, but must prove187 words
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Article, Illustration174 1976-12-21 12 SINGAPORE'S production of petroleum, petroleum products, industrial chemicals and gases increased in the third quarter of 1976 to the highest level in two years. According to the latest Department of Statistics' Monthly Digest, the industrial production index of petroleum refineries and petroleum products stood at174 words
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368 1976-12-21 12 KUALA TRENGGANU, Mon. Trade and Industry Minister Datuk Hamzah Abu Samah said today he would look into the question of 400 workers retrenched by Exxon last year. He added: "I would ask the authorities concerned to re-employ them when oil exploration begins here."368 words
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126 1976-12-21 12 "DEVELOPING nations look to their institutes and centres of advanced studies to produce the leadership and top-level personnel necessary to generate and sustain the Inputs for national development," according to Mr. Chat Chong Yll, Senior Minister of State of Education, speaking yesterday at the126 words
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115 1976-12-21 12 THE Port of Singapore Authority (PSA) will conduct a course on PSA delivery, shipping and warehousing procedures, especially for port users who are directly involved In the Import and export of cargo through PSA areas. The course will begin mid-January, at the PSA Central115 words
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Article21 1976-12-21 12 KUALA LUMPUR, Mon. Sabah Shell and Sarawak Shell are poised to begin drilling for oil In five new offshore fields.21 words
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Article465 1976-12-21 12 KUALA LUMPUR, Mon. Five Indian governmentowned insurance companies operating in Malaysia are to merge Into one company from next year. The companies Involved are Life Insurance Corporation of India, National Insurance, New India Assurance, United India Fire and General Insurance and Oriental Fire and General Insurance.465 words
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242 1976-12-21 12 MR. Devan Nalr, secretaryfener&l of the National rades Union Congress, yesterday said that there are three essential, fundamental qualifications for ,those who aspire to leadership in Singapore. No one In the opposition In his opinion passes the test. Speaking at a People's Action242 words
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Article151 1976-12-21 12 MR. J.B. Jeyaretnam, Workers Party secretary general, was urged yesterday by Foreign Minister Mr. S. Rajaratnam to admit publicly that he was wrong on the secret ballot Issue. Speaking at a Fullerton Square rally, the Foreign Minister recalled that the Workers Party secretary general151 words
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Article304 1976-12-21 12 'Poor folks in their flats MR. M. Ramallngam, secretary general or the Justice Party, said that all the People's Action Party has done since coming to ewer has been to push poor mpung folks Into flats and make them pay rents, exorbitant utility charges, and conservancy charges. He was speaking304 words
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Article270 1976-12-21 12 ENCIK Osman Jantan, the secretary-general of the PKMB "break-away" group, said that his party's non-partlclpatlon in the election does not mean that It Is withdrawing from the political scene altogether. Speaking to Business Times, he revealed the reasons for the Party's nonpartlclpatlon as well as Its270 words
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Article191 1976-12-21 12 DR. Lee Slew Choh last night explained why the Barlsan Soslalls withdrew from Parliament In 1966 and the reason for Its fight to do away with checks at the Causeway and reunification with Malaysia. Dr. Lee, speaking at the party's second mass rally at191 words
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Article194 1976-12-21 12 Mr. Llm Ouan Hoo, PAP candidate for Buklt Merah, last night listed some main characteristics noted in the opposition parties. Specking at the political rally at Redhlll Lane, Mr. Llm said that the members of the opposition do not seem to have taken the194 words
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Article161 1976-12-21 12 A PREDICTION that the People's Action Party would get a "rude awakening" on polling day was made last night by Workers Party secretary general, Mr. J.B. Jeyaretnam, at 8f rally in Irving Road. The people then would answer through the ballot box that they161 words
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Article99 1976-12-21 12 ALOR STAR, Mon. The Customs Department Is to set up new posts at strategic entry points In Malaysia's Kedah and Perils states on the Thai border to seal off all possible land and sea routes used by smugglers. Deputy Finance Minister, Mr. Richard Ho said today that99 words
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Advertisement190 1976-12-21 12 ASIA RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East ond Southeast Asia. The Bulletin is divided into six separate reports of about 8,000 words eoch. There is190 words
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