The Business Times, 23 December 1976
1976-12-23
1
12
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section10 1976-12-23 1 BUSINESS TIMES M.C.(P) 1455/76 THURSDAY, DECEMBER 23. 1976 50 CENTS10 words
-
NEWS IN BRIEF
-
Article63 1976-12-23 1 AP MANILA, Wed. President Marcos said today "there is no Intention to establish a military alliance" between Thailand and the Philippines In an agreement he signed with visiting Prime Minister Thanln Kralvlchlen. In the Joint communique yesterday, the two leaders "agreed to continue to co-operate in combatingAP - 63 words
-
Article79 1976-12-23 1 UPI NEW YORK, Wed. Chase Manhattan, the nation's third largest bank, today lowered the prime lending rate It charges Its most creditworthy corporate customers a quarter point to six per cent, the lowest since December 1972. Chase became the third major bank to make the move InUPI - 79 words
-
Article59 1976-12-23 1 Reuter PARIS, Wed. Britain's major trading partners today agreed to raise about US$3 billion (557.35 billion) to help the International Monetary Fund (IMF) meet a British request for a $3.9 billion loan. The money Is being provided under the IMF's General Arrangement to borrow (GAB), aReuter - 59 words
-
Article33 1976-12-23 1 Reuter MOSCOW, Wed. Mr. Yury Brezhnev, son of Kremlin chief Leonid Brezhnev, has been appointed a Deputy Minister of Foreign Trade, a spokesman for the Foreign Trade Ministry said today.Reuter - 33 words
-
Article51 1976-12-23 1 UPI WASHINGTON. Wed. The United States International balance-of-payments position showed a deficit of US$l.l billion (552.7 billion) in the third auarter compared with an $800 million increase urlng the April-June quarter, the Commerce Department reported today. The deficit was the largest In two years, the Department said.UPI - 51 words
-
Article58 1976-12-23 1 UPI TOKYO, Wed. An official Index of economic trends In October declined to a 15-month low, the Economic Planning Agency said yesterday. The agency said its Diffusion Index (DI) stood at 43.8 per cent, the first time since July of last year that the index fell below theUPI - 58 words
-
Article74 1976-12-23 1 AP BONN, Wed. West Germany posted a trade surplus of 3.003 billion marks (553.11 billion) In November, bringing the total surplus for the first 11 months of the year to 31.260 billion marks, the Federal Statistics Office reported today. The 11-month total was down from theAP - 74 words
-
Article72 1976-12-23 1 Reuter JAKARTA, Wed. The Indonesian Government will Impose higher Import duty on several goods, including textiles and Iron bars, from Jan 1 to protect local production, a cabinet spokesman said today. The spokesman said low Import duty on several Items made their prices cheaper than those ofReuter - 72 words
-
Article44 1976-12-23 1 UPI NEW YORK, Wed. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 985.12, up 6.73; 20 transp 235.64, up 0.77; 15 utlls 105.29, up 0.32; 65 stocks 319.80, up 1.70. UPI.UPI - 44 words
-
-
Chief Price Changes
-
Article, Illustration194 1976-12-23 1 ON the eve of Singapore's election day, trading yesterday turned very quiet at the Stock Exchange of Singapore. The market opened on a hesitant note and thereafter was followed by some profit-taking which resulted in most shares finishing either unchanged or narrowly lower. The Business Times index194 words
-
-
Article421 1976-12-23 1 MR. Graham Starforth Hill, a prominent lawyer In local legal and business circles will be leaving Singapore at the end of this year to take up an executive position with a large London merchant banking house. In a brief telephone interview with Business Times,421 words
-
Article, Illustration619 1976-12-23 1 IN the spirit of this season of giving, Mr. Runme Shaw, former chairman of the Singapore Tourist Promotion Board and multl-multl-milllonalre, yesterday gave away $1 million. A large sum to give away by any standard, but giving away millions of dollars is619 words
-
413 1976-12-23 1 THE People's Action Party was "impertlrifent" to brand all opposition parties as communists, Mr Seow Khee Leng, secretary general of the United Front, said In his eve of poll broadcast last night. He urged voters to use their assuredly secret votes an413 words
-
616 1976-12-23 1 PRIME Minister Mr. Lee Kuan Yew pulled no punches last night when he used his eve of poll broadcast to drive home what he sees as the continuing communist threat to Singapore's security and prosperity. He also bitterly attacked opposition groups for616 words
-
Article290 1976-12-23 1 SINGAPORE goes to the polls today to elect a new government, the third since the country became an independent nation in 19(5. A total of 1.09 million Singaporeans are eligible to vote today, 179,714 persons, more than the last election in 1972. However, less than a290 words
-
371 1976-12-23 1 TAN Sri Khoo Teck Puat, one of the founders of Malayan Banking, appears to have been ousted from the hank's board of directors. The move it seems was executed at the company's 16th annual general meeting held in Kuala Lumpur on Dec371 words
-
Article343 1976-12-23 1 SINGAPORE Ceramics which has in seven years built up a colossal loss of some $11 million went into receivership yesterday, making it the first SingaKre listed company to coljse this year. The company, which has led a chequered career since going into production in343 words
-
Article309 1976-12-23 1 JAKARTA, Wed. President Suharto -yesterday ordered the formation by Jan 1 of a new stock market mechanism which will include a government-owned sharedealing firm to buy and sell small lots to the general public. However, actual commencement of share trading operations has been postponed309 words
-
Page 1 Advertisements
-
Advertisement31 1976-12-23 1 Colour TV is simply great INSIDE Overseas newt/TV 4 Radio Overseas new*/ Features Local Co news International Co news Local stocks Overseas stocks Commodities Transport 4fc Communications Features Local A Overseas31 words
-
Advertisement109 1976-12-23 1 Trade Debts can be ready Funds frozen in trade debts can be N converted into cash freeing working capital to work profitably for you. Accounts Receivable Financing provides working capital without borrowing against fixed assets. The service that gives every company a revolving credit arrangement. Costs are only incurred when109 words
-
Advertisement114 1976-12-23 1 +\]/"{/>;<!|}^&+?\,"*&"/[-%:})` 0. r A. CUTT TWO BRITISH-MADE PORCELAIN ASHTRAYS WITH EVERY BOTTLE PURCHASED! IUTTY SARK <0 H H WH Is blended errs whisky Jtt* ScolcK Whi»K»es knl DiitiScni* 'M with every bottle of Cutty Sark you buy Getthe festive spirit. With Cutty Sark! On the rocks, or with splits. Cutty114 words
-
-
OVERSEAS
-
392 1976-12-23 2 UPI TOKYO, Wed. Mr. Takeo Fukuda, who is expected to be named Japan's new Prime Minister by the end of the week, held consultations today on the formation of his new government. There were reports Mr. Fukuda may visit the United StatesUPI - 392 words
-
322 1976-12-23 2 UPI PARIS, Wed. High Treasury officials from the < Western world's ten richest 1 nations meet in Paris today to determine how much they will contribute < towards a USS3.9 billion (559.5 billion) loan requested by Britain to shore up her economy.UPI - 322 words
-
Article119 1976-12-23 2 UPI LAGOS (Nigeria), Wed. Nigeria and other oilexporting countries will try to ensure they suffer no losses because of Saudi Arabia's decision to underprice its competitors crude oil, the Commissioner for Petroleum said yesterday. Eleven members of the Organisation of Petroleum Exporting Countries last weekUPI - 119 words
-
332 1976-12-23 2 UPI BRUSSELS, Wed. European Common Market ministers in charge of energy policy decided yesterday that member states singled out for future oil embargoes will be allowed to block their own oil exports. In a belated reaction to the 1973 embargo directed by theUPI - 332 words
-
Article98 1976-12-23 2 AP BEIRUT, Wed. Crown Prince Fahd of Saudi Arabia says his government's refusal to Increase oil prices by 15 per cent was not a down payment to US' President-elect Jimmy Carter. "Our resolution was not taken to serve the Interests of a certain nationAP - 98 words
-
Article69 1976-12-23 2 Reuter NEW DELHI, Wed. India's Petroleum Minister Keshav Dev Malavlya said yesterday the Organisation of Petroleum Exporting Countries (Opec) had levied an Irrational Increase In crude oil prices In an angry mood. Mr. Malavlya told a seminar on dlesel conservation here that there was no doubt the OpecReuter - 69 words
-
Article42 1976-12-23 2 AP NAIROBI, Wed. Nairobi Mayor Margaret Kenyatta, eldest daughter of President Jomo Kenyatta, was appointed J>y her father yesterday to be Kenya's Permanent Representative to the United Nations Development Programme (UNDP) in Nairobi. She has been Mayor since 1970. AP.AP - 42 words
-
Article328 1976-12-23 2 UPI PARIS, Wed. President Valery Qlscard d'Estalng said yesterday oil price Increases since 1973 represented a sort of ransom" paid abroad by the French. Speaking In a televised Interview, Mr. Glscard said, "The recent oil price Increase Is the equivalent of France giving away 250,000UPI - 328 words
-
Article236 1976-12-23 2 PORT LOUIS, Wed. A leftwing landslide at the polls thrust a new marxlst party into prominence today In Mauritius, but the outcome of the first gene- ral elections since lndepence in 1968 was still in doubt. When counting of Monday's vote was suspended last night, with236 words
-
Article, Illustration373 1976-12-23 2 UPI NANTUCKET, (Massachusetts), Tues. Millions of litres of ojj from wrecked Liberian tanker today threatened some of the Atlantic Ocean's richest fishing grounds with the worst oil spill ever in American waters. Coast Guards stood by helplessly as the 18,743 tonne Argo MerchantUPI - 373 words
-
Article74 1976-12-23 2 Reuter COMPOBASSO. (Italy), Wed. Government plans to Invest over 10 trillion lire between now and 1985 on nine nuclear energy plants with a combined capacity of 20,000 megawatts are being held up for administrative reasons, Mr. Armando Angellnl, president of the state electricity utility Enel, said.Reuter - 74 words
-
312 1976-12-23 2 UPI JERUSALEM, Wed. Prime Minister Yitzhak Rabin's Labour Party moved today to block opposition attempts to take over Israel's Interim government until new national elections In the spring. Political sources said a group of deputies In the Knesset, Israel's 120-seat Parliament, plannedUPI - 312 words
-
Article191 1976-12-23 2 UPI ISLAMABAD, Wed. Prime Minister Zulfikar All Bhutto announced yesterday a new oil discovery estimated at 200 million barrels of oil and gas needing little refining. Mr. Bhutto, praising the semi-government Oil and Gas Development Corporation for the find, said the gas and oil wereUPI - 191 words
-
Article142 1976-12-23 2 UPI ROME, Wed. Premier Glullo Andreottl has come under Increased pressure to recognise he needs communist support to overcome Italy's economic crisis. The small but influential Republican party Joined communists, socialists and social democrats In demanding that Christian Democrat Andreottl consult Jolnty on the economyUPI - 142 words
-
313 1976-12-23 3 Reuter SYDNEY, Wed. Domestic price increases could deter the resumption of foreign Investment In Australian resource development projects, the Bank of New South Wales said In Its latest review. The bank said foreign Investors have been reluctant to commit themselves In theReuter - 313 words
-
240 1976-12-23 3 Reuter OTTAWA, Wed. The Bank of Canada said it cut Its central bank rate to 8.5 per cent from 9.00 per cent effective today. Mr. Gerald Bouey, Bank of Canada governor, said the lower rate, the second reduction within a month, wasReuter - 240 words
-
Article180 1976-12-23 3 Reuter LONDON, Wed. Leaders of Britain's miners will reopen negotiations with the National Coal Board on their claim for early retirement on Jan 5, National Union of Mlneworkers president Joe Gormley said. Mr Gormley told a press conference after a meeting of the NUM executiveReuter - 180 words
-
304 1976-12-23 3 TOKYO, Wednesday Reuter JAPAN and the European Economic Community failed to narrow differences over the lmabalance In their respective shipbuilding orders eight hours of talks here, Japanese officials said. A Transport Ministry spokesman said both sides submitted technical data and reiterated their positionsReuter - 304 words
-
373 1976-12-23 3 Common Market agrees to devalue Irish BRUSSELS, Wednesday AP COMMON Market ministers of agriculture agreed early today to devalue the Irfch "green" pound and thus give a boost to Irish exports of farm products. The Irish green pound is used to calculate common farm prices in Irish currency. It willAP - 373 words
-
110 1976-12-23 3 Reuter WASHINGTON, Wed. The last economic contraction In the United States was the longest since the Great Depression of the early thirties, according to the National Bureau of Economic Research and the Commerce Department. The bureau's official Judgement was contained In a table', in the backReuter - 110 words
-
Article78 1976-12-23 3 Reuter CANBERRA, Wed. New capital expenditure by Australian companies fell to A 51.32 billion, seasonally adjusted, In the quarter to end-September from A 51.41 billion In the June quarter, the Statistics Bureau reported. This compares with A 51.25 billion in the September quarter 1975. TheReuter - 78 words
-
Article98 1976-12-23 3 Reuter WASHINGTON, Wed. United States new orders for durable goods rose 1.7 per cent to a seasonally adJusted US$4B.4 billion in November from U8147.6 billion in October, the Commerce Department said. Economists said the increase is not arf strong as it appears. The riseReuter - 98 words
-
Article1060 1976-12-23 3 ARAB BANKING By HENRY SCOTT: Paris Financial Times COMPETITION between Arab banking institutions in Paris Is steadily increasing, Arab International finance is still almost in its infancy. Arab Institutions handle only a minimal amount of the surplus funds generated by the Middle East oil producers and madeFinancial Times - 1,060 words
-
Article32 1976-12-23 3 Reuter LONDON, Wed. Trade Under-Secretary Michael Meacher told Parliament in a written reply that he Is looking forward to continuing and effective restraint on Japanese car exports to Britain. Reuter.Reuter - 32 words
-
Article26 1976-12-23 3 Reuter BRASILIA, Wed. The Central Bank of Brazil said it adjusted the cruzeiro downwards to 12.275/12.345 to the dollar from 11.985/12.055, effective today. Reuter.Reuter - 26 words
-
267 1976-12-23 3 Reuter PARIS, Wed. The Organisation for Economic Corporation and Development (OECD) secretariat thinks world trade will slowdown to a real rise of between six and seven per cent next year compared with between 11 and 12 per cent this year, working party three chairmanReuter - 267 words
-
Article101 1976-12-23 3 Reuter PARIS, Wed. Four leading European banks said French gross domestic product growth, likely to around three per cent next year, Is not expected to solve the problem of continuing high unemployment. Credit Lyonnais, Commerzbank of Frankfurt, Banco Dl Roma and Banco Hlspano Americano the fourReuter - 101 words
-
Article24 1976-12-23 3 Reuter LONDON, Wed. Currency smuggling from Britain increased last year and detections amounted to £2.5 million, the British Customs and Excise Service reported.Reuter - 24 words
-
147 1976-12-23 3 Reuter TOKYO, Wed. Japan's Federation of Economic Organisation* (Keidanren) ■aid the government should adopt business-stimulating measures to help the country's economy overcome the present recovery pause. Measures should include an increase in public sector investment, a preferential tariff system to encourage. {irivate capital spending/Reuter - 147 words
-
Article25 1976-12-23 3 Reuter KINSHASA, Wed. Zaire President Mobutu announced an austerity budget which Includes extensive cuts In public expenditure, the Zaire News Agency reported ReuterReuter - 25 words
-
Article, Illustration345 1976-12-23 3 Reuter ROME, Wed. Italian Minister fofEconomlc Planning, Mr. Tomasso Morllno, said the government will start working on an economic recovery plan which can be Implemented In the second half of next year, if inflation has been reduced by then. The plan willReuter - 345 words
-
Article150 1976-12-23 3 Reuter MANILA, Wed. An agreement for Thailand to take Philippines fertiliser In exchange for Thai glutinous rice and yellow corn for animal feed could be worth US$5 to US$6 million (Ssl2 to $14 million), Philippines Agriculture Secretary Arturo Tanco said. Speaking to Reuters after the agreementReuter - 150 words
-
-
Page 2 Advertisements
-
Advertisement434 1976-12-23 2 Get off the bandwagon! now, is no exception not only does this month's meaty Finance section feature an exclusive interview with Mr. John J. Cummings Jr, president and chief executive of the US Industrial National Corporation, represented in Singapore by the Industrial National Bank of Rhode Island representative office, but434 words
-
-
Page 2 Miscellaneous
-
Miscellaneous366 1976-12-23 2 TT WEATHER report for 24 hours prior to 7.30 p.m. on Dec 22 at Singapore airport: Maximum temperature 2S.9°C Associated humidity 71 Minimum temperature 23.5° C Associated humidity Hours of sunshine 4.90 Rainfall in millimetres 14.4 Total rainfall for the month 151.3 Total rainy days for the month 11 SINGAPORE366 words
-
-
Page 3 Advertisements
-
Advertisement173 1976-12-23 3 f >* < When it comes to complicated caiculations consult the Professionals Calculators SHARP Calculators have one thing in common the ability to reduce cost increase output. That means more business for you. CS-4152 14 digits, 1 memory, Display with print/non.print'switch Item counter. Right shift key. Constant and complex calculations173 words
-
-
COMPANY NEWS
-
642 1976-12-23 4 THE prevailing stock market sentiment Is one of necessary consolidation against the mixed Investment background of fundamental bullishness and short-term hesitation. For "Insofar as the shortterm outlook Is concerned," says Mr. G.G. Janes, chairman of the Chartered Unit Trust Management, managers of the Singapore Growth642 words
-
Article274 1976-12-23 4 ST. Piran appears to have successfully transformed itself with the recent glowing results spearheaded by good tidings from Its house building interests. It Is now a very different company to what it was in 1973 when the chairman, Mr. J.J. Raper sold to Faber Merlin274 words
-
LATEST RESULTS
-
Article63 1976-12-23 4 NORTH BORNEO TIMBERS Unaudited group pre-tax profit M 512.24 million ($5.09 million) for the first half-year ended Nov 30, 1976. Parent pre-tax profit $5.27 million ($2.09 million). Group log production 12.71 million cu ft (9.88 million cu ft). Sales 11.41 million cu ft (8.86 million cu ft). First63 words
-
Article49 1976-12-23 4 MALAYAN CEMENT Unaudited pre-tax profit M 56.52 million ($7.88 million) for the year ended Nov 30, 1976. Tax $2.63 million ($3.23 million). Final dividend 11V» per cent (12Vx) payable on Jan 31, 1977 to shareholders registered on Jan 14, making total dividend 22 V* per cent (same).49 words
-
-
472 1976-12-23 4 G. HOPE L. ASIATIC PATALING MERGER THE chairmen of Golden! Hope, London Asiatic and, Patallng have sent out special messages to their shareholders urging them to vote In favour of the planned merger and move of domicile from London to Malaysia. With Gentlng Highlands472 words
-
381 1976-12-23 4 THE higher average tin price since the beginning of the current year ending March 31, 1977 has enabled Kamuntlng Tin Dredging to post a 31.5 per cent Increase in pre-tax profit to £35,500 for the first halfyear. The average Penang price rose381 words
-
Article123 1976-12-23 4 THE Stock Exchange of Singapore has asked Singapore Eldal what Is Its present position regarding the proposed sale of Its assets as announced by the chairman, Mr Teru Fukao, in the latest annual report. The chairman had said that In view of the continuing mammoth123 words
-
COMPANY MEETINGS
-
Article26 1976-12-23 4 THE following company meetings are due: lIIMMI Ul t/l VAl§lllg Dec 23, 12 noon, 10 mile, Federal Highway, Sungei Way, Selangor.26 words
-
18 1976-12-23 4 Jack Chio Minig Industrial Corporation Bhd.: Dec 27, 12 noon, Registered Office, 2 B Chartered Bank Chambers. Penang.18 words
-
20 1976-12-23 4 Dec 29, 9.30 a.m. J Registered Office, Penthouse, 10th Floor, Wlsma Central, Jalan Ampang, Kuala Lumpur.20 words
-
Article19 1976-12-23 4 Dec 29, 11 a.m. Conference Room, 14th Floor, Bangunan Hong Leong, 117 Jalan Bandar. Kuala Lumpur.19 words
-
Article14 1976-12-23 4 Dec 29, 12 noon, 72-A Jalan Tampol, Johore Bahru, Johore.14 words
-
Article14 1976-12-23 4 Dec 30. 11 a.m., Registered Office, 16 Jalan Tangsl, Kuala Lumpur.14 words
-
Article12 1976-12-23 4 Dec 30, 11.30 a.m., 70 Jalan Ampang, Kuala Lumpur.12 words
-
Article16 1976-12-23 4 Dec 30, 12 noon, The Regent of Kuala Lumpur Hotel, Kuala Lumpur.16 words
-
16 1976-12-23 4 Dec 30, 12 noon, Registered Office, 16 Jalan Tangsl, Kuala Lumpur.16 words
-
Article17 1976-12-23 4 Dec 31, 9.30 a.m., Registered Office, No. 45 Spottlswoode Park Road, Singapore 2.17 words
-
19 1976-12-23 4 Dec 31. 12 noon, at the Hotel Merlin, 2 Jalan Sultan Ismail, Kuala Lumpur.19 words
-
18 1976-12-23 4 Jan 18, 11.30 a.m., 4th Floor Bangunan MIDF 117, Jalan Ampang, Kuala Lumpur.18 words
-
-
Article226 1976-12-23 4 CYCLE and Carriage has announced the promotion of Mr. Yeap Peng Khoon to deputy general manager of Its Mercedes-Benz division, Singapore operations, and Mr. Robert N.C. Choy to chief manager of subsidiary Cycle and Carriage (Industries). Mr. David S. Y. Wong was elected a director of SlngaE»re226 words
-
194 1976-12-23 4 THE tussle for directorships between Slme Darby and some of Its shareholders, could have set a style for investors to seek representation on their company's board. Central Securities (Holdings), has received notice from a shareholder, Mr. Tee Beng Kee that he is proposing another shareholder194 words
-
Article301 1976-12-23 4 UPI SAN LEANDRO, California), Wed. Imagine an automobile engine fueled by powdered coaL eliminating the need for oil chances and transmissions while protecting the environment and the driver's wallet. It Is Just such an engine that Mr. Marshall Owen, Eiresldent of Owen Power ndustrles,UPI - 301 words
-
Article200 1976-12-23 4 Reuter TOKYO. Wed. Furukawa Aluminium said It would shelve Its plan to build an. aluminium refinery In Fukul, North Western Japan, in view of a decline in domestic demand and a rise In power rates. In April this year, Furukawa postponed Its plans to start constructionReuter - 200 words
-
148 1976-12-23 4 Reuter TOKYO, Wed. Mitsubishi Motor Corp (MMC) said it established a sales company In West Germany Jointly with the Trapp auto group for the distribution of Mltsublshl cars In the German market. The new firm, MMC Auto Deutschland GMBH, capitalised at oneReuter - 148 words
-
Article445 1976-12-23 4 Current Es Date Total for Total for payment Date payable the year previous year Premium Hold. 7.5*+ Dec. 0 Dec. 23 7.5*+ 12* Bukit Katil 10*+ Dec. 8 Dec 28 10*+ 16* P.M. Holdings 7.5% Dec. 14 Dec. 29 7.5* 12.5* Island Pen. 7*+ Dec. 7 Dec. 29445 words
-
493 1976-12-23 4 NEW YORK Economist WALL Street professionals have flunked the interest rate forecasting test. Last spring they said interest rates would rise this winter. Instead, 4 American money centre banks have again this week cut their prime lending rates: Morgan Guaranty to 6%, Citibank and mostEconomist - 493 words
-
265 1976-12-23 4 Reuter WASHINGTON, Wed. —New York City mayor Abraham Beame said while the City continues to make significant progress toward its goal of restoring fiscal stability, It still faces two major problems. Beames, testifying before the senate banking committee, said the first problem Is theReuter - 265 words
-
Article92 1976-12-23 4 Reuter MELBOURNE Wed. Dunlop Australia said It received reserve bank apFiroval to borrow US$l5 millon from the Bank of America National Trust and Savings Association. The loan is repayable between three and five years with Dunlop having rights of earlier cancellation and prepayment. Dunlop saidReuter - 92 words
-
Article94 1976-12-23 4 LONDON, Wed. profits before tax of Unigate were little changed at £9.4 million against £9.3 million., for the 24 weeks ended September 11, 1976, on turnover of £385 million. (£314 million). Earnings per share are 2.46p (2.31 p) and the net Interim dividend Is lifted from94 words
-
199 1976-12-23 4 Reuter TOKYO, Wed. The Peruvian Government is negotiating with a Japanese banking syndicate for a US$4O million seven-year loan, banking sources said. They declined to go into details except to say that this would be a dollar-yen combined loan, similar to thoseReuter - 199 words
-
Article125 1976-12-23 4 AP NEW YORK, Wed. Oeneral Foods Corp, the largest US coffee roaster, said It will raise the wholesale price of Its Maxwell House coffee by 20 US cents per pound on Jan. 3. The increase to $2.91 per pound wholesale matches price hikes announcedAP - 125 words
-
Article66 1976-12-23 4 NEW PLYMOUTH, New Zealand, Wed. Drilling consortium Shell BP and Todd has abandoned Its Tane one well off the west coast of New Zealand's North Island after finding no oil in 10 weeks of drilling, consortium general manager, Mr. D.J. Bkinner, said. A decision on future wells on66 words
-
-
Page 4 Advertisements
-
Advertisement490 1976-12-23 4 Business Management in Penguins THE DEBT TRAP HOW TO SURVIVE N THE SLUMP Tha Debt Trap: Cheryl Payer The international Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own economies and490 words
-
-
INTERNATIONAL COMPANY NEWS
-
Article184 1976-12-23 5 UPI ROCHESTER, (New York,) Wed. Speldel newspapers has agreed in principle to merge with Gannett in a US$l73 million stock deal that would expand the Gannett chain to 73 newspapers. The boards of both companies said the agreement provides for the exchange of eight-tenths of aUPI - 184 words
-
Article99 1976-12-23 5 Reuter SAN FRANCISCO, Wed. Natomas said it completed a US$22O million credit agreement with a group of 19 banks, headed by Bank of America, Continental Illinois National Bank, Chicago, and Morgan Guaranty Trust of New York. Natomas said the agreement provides for a oneyear revolving credit agreementReuter - 99 words
-
Article65 1976-12-23 5 WASHINGTON, Wed. The World Bank said it approved two loans to Chile totalling US$6O million to finance agricultural and electric power projects. The loans were made despite strong objection by a group of Scandinavian countries and eight US congressmen led by house banking committee chairman Mr. Henry Reuss.65 words
-
Article71 1976-12-23 5 NEW YORK. Wed. Bendix expects its results for the fiscal first quarter ending Dec 31. 1976, will definitely be up from the record year ago earnings, the chairman, Mr. William Agee said. For the first quarter last year Bendix had earnings of US$l.O6 a share on revenue of $68571 words
-
Article63 1976-12-23 5 GARDEN CITY, Wed. Avis said it would resume regular quarterly dividend payments of 10 US cents a share, with the first payable on Jan 26 to shareholders on record on Jan 3. A company spokesman said the last dividend was paid in the fourth quarter of Its fiscal63 words
-
Article221 1976-12-23 5 HONGKONG, Wed. Wheelock Marden is looking for a 70 per cent jump in net profit for the year ending March 31, 1977. Reporting interim profit of HKS3O.6 million (no comparison available), Wheelock forecast a full year profit of not less than $50 million against $29.42221 words
-
Article45 1976-12-23 5 TAIPEI, Wed. Taiwan Power Company plans to Issue between US$5O million and $200 million worth of bonds in the US, the Central News Agency said. The agency said the proceeds from the issues, which need goverment approval, would be used to finance development projects.45 words
-
Article196 1976-12-23 5 LONDON, wed. in line with the forecast made at the AGM, pre-tax profit more than doubled from £884,000 to £1.77m*****n are turned in by Edbro Holdings for the six months ended Sep 30, 1976; and for the second half a comparable result Is forecast.196 words
-
Article151 1976-12-23 5 Reuter PITTSBURGH,' Wed. Westinghouse Electric said it voluntarily agreed to a court order settling a case brought by the Securities and Exchange Commission regarding the timeliness of the company's public disclosures concerning possible financial exposure from commitments to deliver uranium. The company said in consenting toReuter - 151 words
-
Article207 1976-12-23 5 LONDON, Wed. Turnover for the year to Sept 30, 1976, of Northern Foods expanded from £133 million to £206.9 million and pre-tax profit Jumped from £9.38 million to a peak £15.14 million. Full year earnings are shown to be up from 7.88p to 9.97p per 25p207 words
-
Article70 1976-12-23 5 LONDON, Wed. Panama has completed arrangements to offer four million Kuwaiti dinar notes due 1987 at an issue price of 993/4 per cent and with a nine per cent coupon and an investors option to redeem in 1982, Merrill Lynch International Bank said. The issue is managed70 words
-
Article52 1976-12-23 5 NEW YORK, Wed. General Motors Acceptance Corp said it filed with the Securities and Exchange Commission a registration statement covering US$l5O million of 10-year notes and $250 million of 25-year debentures. GMAC said it expects the offering to be made on Jan 12 through a group led by52 words
-
Article34 1976-12-23 5 NEW YORK. Wed. Manufacturers Hanover said its board increased the quarterly dividend to 48 US cents a share from 45 cents, payable on Jan 25 to shareholders on record on Jan 4.34 words
-
Article267 1976-12-23 5 Reuter LONDON, Wed. Trafalgar House Investment (THI) made an agreed bid of 62 THI ordinary shares for each 100 Direct Spanish Telegraph ordinary, valuing DST shares at 57.66p each, the companies said In a joint statement. Direct Spanish Telegraph has 9.18 million Issued ordinary 25pReuter - 267 words
-
Article167 1976-12-23 5 Reuter LONDON, Wed. British Treasury financial secretary. Mr Robert Sheldon, said a review has been undertaken of the authorised depositary system, and some new exchange control arrangements are being introduced. In a written reply to Parliament, Mr. Sheldon said reports will now be made to theReuter - 167 words
-
Article243 1976-12-23 5 STOCKHOLM, Wed. Pripps Breweries, the largest in Sweden, nearly doubled its pre-tax earnings for the financial year ended Sept 30, 1976, from 28.8 million kroner to 56.8 million kroner after a rise in sales of 162 million kroner to 102 billion kroner. The Swedish state is243 words
-
Article523 1976-12-23 5 FT LONDON, Wed. Wider interests rate margins, almost unchanged volume of sterling deposits and advances, and overall costs rising in line with Inflation. were the three features of the 1975-76 operations of the National and Commercial Banking Group. Sir James Blalr-Cuny-nghame, chairman, explains that while theFT - 523 words
-
Article880 1976-12-23 5 Richard Rolfe - SOUTH AFRICAN BOURSE By Richard Rolfe FT PRELIMINARY estimates by Johannesburg fund managers suggest that during 1977, institutional cash flows will exceed RB2O million in discretionary money and that the sum available for Investment in equities will be at least 60 per cent higher than in theFT - 880 words
-
Article37 1976-12-23 5 FRANKFURT. Wed. The 200 million mark per cent five-year Eurobond for the Kingdom of Norway was priced at 100.50 per cent, instead of par as originally expected, a spokesman for the lead manager Deutsche Bank said.37 words
-
Article113 1976-12-23 5 HANOVER, Wed. Continental Gumml-Werke should break even In 1976 after Its 3.5 million mark net profit last year, despite an eight per cent turnover increase on last year's 1.37 billion marks, managing board chairman Carl Hahn told Journalists. The company appears hardly likely to have an113 words
-
Article102 1976-12-23 5 Reuter LONDON, Wed. British Petroleum said it has set up a new division to investigate possibilities of the company starting mineral production. A BP spokesman said the department, which opened on Dec 1 has no specific brief and will Investigate any opportunities which may arise,Reuter - 102 words
-
Article99 1976-12-23 5 TOKYO. Wed. The Bank of Japan welcomes the recent trend for yields of bonds and debentures to decline In the local market, which has opened up the possibility of lowering longterm interest rates, bank officials said. The bank, however, is still awaiting further indications as to whether99 words
-
Article581 1976-12-23 5 TORONTO, Wed. Worldwide sales of Massey Ferguson, the International tractor company, reached a record U552,772 million for the year ended Oct 31. 1976, an increase of 10 per cent over 1975. The company said there were slgtnficant deteriorations of a number of currencies which have581 words
-
Article391 1976-12-23 5 PARIS. Wed. Jacques Borel International, the hotel and restaurant chain will record a "fairly high" consolidated net loss for 1976 despite an Increase In sales. The company notes that a prime reason for the loss will be the fact that taxation is not yet on a391 words
-
Article154 1976-12-23 5 Reuter TOKYO, Wed. Six major Japanese steel mills are currently working out a plan for voluntarily restraining their steel exports to the European Economic Community (EEC) next year, Nippon Steel Corp said. The six mills have held down their steel exports to the EEC to 1.22 millionReuter - 154 words
-
-
Page 5 Advertisements
-
Advertisement631 1976-12-23 5 Bu SINGAPORE From January 1977 SINGAPORE BUSINESS is on sale. I 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 "inside631 words
-
-
Article1937 1976-12-23 6 SECTION ONE INDUSTRIALS 1976 High Low Last Company Sale +orO'a div Dtv e'rr Gr'i Nat yld P/E Vol Day ('000) High Low 175* 206 100 237 186 402 204 248 460 137 135* 172 60 18S 66 254 149 172 394 39 Acma Alcorn Allied Choc Bat*1,937 words
-
446 1976-12-23 6 TRADING turned very quiet at the Stock Exchange of Singapore yesterday ahead of election day. Throughout the day dealing was merely of a ecattered nature, there being only a small number of speculators willing to commit themselvee. If for no other reasons, speculators446 words
-
Article1052 1976-12-23 6 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,052 words
-
Article158 1976-12-23 6 TURNOVER: Official rigures supplied by the Stock Exchange of Singapore including odd lots "Ready' totalled 1,157,000 units valued at $2,275,000. Industrials accounted for 838,000, finance 166,000, hotels 42,000, properties 86.000, debentures, loans and bonds 9,000, oil palms 4,000, tins 3,000, and rubbers 9,000. -Settlement Contracts' totalled 681,000158 words
-
Article141 1976-12-23 6 SINGAPORE UNIT TRUST (Manager*' price* for Dec 24) The Commerce 1.73 1.83 The Saving Fund 0.9# 1.01 8'pore Prof Fund 0.80 0.85 S'pore Security Fund 1.30 1.38 S pore Invest Fund 1.03 1.00 ASIA UNIT TRUST (Manager*' price* for Dec 23) Mai Invert Fund 1.88 1.77 Mai Prog.141 words
-
Article18 1976-12-23 6 D B S 8 1/2% IM2 (1M.000) (99SB Orient Lea tin* 1982 50.000) (1008 100^8)18 words
-
Article115 1976-12-23 6 5 1/2% 15/4/78 (1,000,000) (101 MB 101.68S) 5 1/4% 15/7/78 (1.000,000) (101.358 101.455) 7% 1/7/79 (I.OM.OftO) (104.M8 104.905) 5 1/4% 15/10/79 (1,000.000) (100 658 1M 80S) 6 3/4% 15/C/80 (1,000.000) (102.958 103.055) 3/4% 1/12/80 (1.000.000) (102 958) 5% T F 15/4/81 (1.000,000) (101.358 101 455) 5% T115 words
-
90 1976-12-23 6 Reuter ROME. Wed. Ritaco of Iran and Robert Bosch GMBH of West Germany reached agreement on the sale to Ritaco of Bosch's stake In Phllco Italiana Spa, a Labour Ministry communique said. The Iranian firm, which makes textiles, plastics and household electricReuter - 90 words
-
Article90 1976-12-23 6 Reuter ORANGE, (Calif.,) Wed. Santa Fe International said it reached agreement to give the British National Oil the right to acquire up to 51 per cent of Santa Fe's oil production from block 211/18 of the Thistle field In the North Sea. Santa Fe saidReuter - 90 words
-
Article49 1976-12-23 6 NEW YORK. Wed. Citicorp said its board authorised the issuance of US$25O million of 25-year notes with an average maturity of 18 years to life insurance company investors. The company said its board authorised Issuance of one to five year notes to institutional investors on an on-going basis.49 words
-
Article33 1976-12-23 6 LONDON. Wed. Chloride Group said its C 16.7 million rights issue has been 94 per cent accepted while the remaining new shares have been sold on the stock market at a premium.33 words
-
Page 6 Advertisements
-
Advertisement259 1976-12-23 6 4 %m*9 A V. f W/r i t n: v;. W.-> ■•:>: .-:yu -r- v. .>• ®SKSF?£g r. a 'mm. wmm mzmMm t' MI. A i UlkSiSfe£fc &£*«< :&LM 1" v- 1 l«ra3i£K ;'k' L%\ •haamstSk v < -<! 'i •♦a^js *vX* irJ^j iMH «yr i ir *®*JA ■J&i p259 words
-
-
Article1083 1976-12-23 7 NEW YORK: Stepped up demand for glamours and selected blue chips enabled the stock market to reverse an early downtrend and map a threeday decline on Tuseday. Analyate said the market ■bowed no apparent reaction to latest economic news, Including a 1.7 per cent rise In new US1,083 words
-
Article413 1976-12-23 7 JOHANNESBURG: Gold shares move quietly firmer on Tuesday In line with European bullion indications but with little buying pressure, dealers said. Heavyweights also gained, with Raadfta up 185 cents to 3,935 and Easdrie 35 cents on at 985. In lightweights, Leslie rose two cents to 80. and elsewhere Stiifta413 words
-
Article289 1976-12-23 7 FRANKFURT: Shares were mixed on Tuesday with the dollar's weakness on foreign exchange markets unsettling the market, dealers said. Leading chemicals, electrical* and steels were unchanged. BMW rose 1.5 and Daimler one mark, while VW whose chairman said the group expects 15 per cent higher sales this year rose289 words
-
Article291 1976-12-23 7 AMSTERDAM: The market closed lower on Tuesday In quiet trading In line with Wall Street, dealers said. Most Dutch Internationals lost over one guilder, but Philips closed only 0.20 guilders down. Akzo lost 1.10 ahead of news it may pay no final 1976 dividend. Elsewhere shares fell with some291 words
-
Article290 1976-12-23 7 ZURICH: The market edged higher on (elective demand on Tuesday, dealers said. Both Swiaaair showed rises In transport. Banks and financial firmed slightly. Javena Btinr lost ground after a strong advance In the previous session. Its participation certificate closed firmer but below the day's high. Insurances were very steady290 words
-
Article169 1976-12-23 7 BRUSSELS: The market was generally lower on Tuesday, depressed by Wall Street, but trading remained quiet, dealers said. Reserves, EBES and GB-INNO-BM rose. Falls Included Sofina, Sidro, Hobo ken, Acec, Solvay, Ucb, Cometra. TabacoAna and Finoutremer. Wagons-Lits, which announced higher turnover In the first nine months, was fractionally higher.169 words
-
Article256 1976-12-23 7 TORONTO: Marked advances among paper, beverage and oil refining concerns led a 1W point advance by the industrial index at Um eiOM of light trading on Ti iiMrtay, Oalning luou outpaced losers by a two- to-one margin In all major sectors. Seagrass climbed to 23*. toad *<» iovh. while256 words
-
Article152 1976-12-23 7 MILAN: Stocks moved Irregularly lower on Tuesday in thinner dealings, affected by profit-taking after yesterday's gains, bourse sources said. Stocks to ease Included Plat, Montedison, Pirelli SPA. Snia Viscose and Plenel in major Industrials, and Assicurasioai General! and Mediobanca In financial* Generate ImmoMUare and Aaic firmed marginally, while both152 words
-
Article372 1976-12-23 7 PARIS: The market closed lower In quiet trading on Tuesday following the 1/16 point rise In call money to 10* per cent and the weakness of Wall Btreet, dealers said. Investors may have been waiting for speeches due today from Prime Minister Raymond Barre and President Discard D'Estalng, they372 words
-
Article163 1976-12-23 7 MANILA: The market closed mixed on Wednesday after a strong opening, with mining and commercial Issues gaining moderately but oils weaker as buying support diminished, dealers said. Turnover remained low. Among the gainers were Atlas Cm A, Atlas Cob B, Lspaato B, MwMm B. and but PhOn lost ground.163 words
-
Article319 1976-12-23 7 SYDNEY: The market closed generally weaker In dull trading on Wednesday following the further upward adjustment of the Australian dollar and yesterday's tightening of bank liquidity, dealers said. BHP rose against the trend, gaining four to A 97.34, but among lower mines BH South lost eight to 91.06. Banks319 words
-
Article428 1976-12-23 7 TOKYO: Shane race sharply in active trading on Wednesday with the market average reaching the ytar's high despite higher msugln requirements effective today, dealer* Mid. The Dow Jonee average roee 41.30 to cloee at 4,911 J3 with volume 460 million aharee. The Hew index cloeed at 373.71, up 1.11.428 words
-
Article238 1976-12-23 7 HONGKONG: The market eased on Wednesday in moderate trading, on profit taking following recent gains, dealers said. The Hang Seng Index fell 0.85 point to clow at 434.28. Jardine Matkaaoa fell 10 cent* to HK818.30 Hwrti Dock 30 cento tof 10.10. Wtssloek MmrtWo five cents to 82.575 and Etaagkoag238 words
-
Article69 1976-12-23 7 dcc a Baftti Aurtn 11 OB unch Bangkok Bank OS ♦4 Bangkok Invwt. 1» -81 Bangkok-Metro-politan Bank £u Mia Bart! Juckar 1M unch CharoongThal Wlr* 1SS DuMtThani Faber Merlin rir*t Trust 1458 •a IixJo-Thai J And J Ho its ♦i r ■J L*tKnn|Mm Metal Bos Zam RHM vMMM StlwUnkm69 words
-
Article102 1976-12-23 7 FINANCIAL TIMES INDUSTRIALS Tuesday 337 8 Monday .341.0 Week ago ..324 3 TINS Tuesday 126 59 Monday 123 45 Week ago .119 65 RUBBERS Tuesday 488 07 Monday 483 40 Week ago 483 04 OILS Tuesday 410 61 Monday 410 66 Week ago 395 03 DOW JONES AVERAGE INDUSTRIALS102 words
-
Article1089 1976-12-23 7 On December 21 PRICES on the Chicago Board Options Exchange on Tuesday advanced, with gainers topping losers, 377 to 113. Volume approximated 82,813 contracts, compared with 73,574 contracts on Monday. OPTION JAN APL JLY 8TOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel1,089 words
-
Article108 1976-12-23 7 AP WASHINGTON. Wed. McDonnell Douglas climbed to first place last year among the US's biggest defense contractors, a Pentagon report said. McDonnell Douglas, builder of the new Air Force Fl5 fighter and other major military hardware, replaced Lockheed aircraft at the top of the listAP - 108 words
-
Article38 1976-12-23 7 Reuter STAMFORD, Wed. General Telephone and Electronics Corp said it received a US$l5 million turnkey contract to provide 40,000 lines of stored programme controlled electronic switching equipment for a telephone central office in Taipei, Taiwan. Reuter.Reuter - 38 words
-
Page 7 Advertisements
-
Advertisement176 1976-12-23 7 Confront Singapore's decision makers in Business limes 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 who176 words
-
-
COMMODITY REPORTS AND PRICES
-
Article460 1976-12-23 8 AFTER opening about one cent lower following London advices, values In the Singapore rubber market yesterday rose slightly on shortcovering ahead of the holiday. Towards the morning's close, prices fell back towards opening levels. The morning session closed quiet with January RSS one buyers quoted at 194.00 cents460 words
-
Article47 1976-12-23 8 DAILY S8R and SMR prices at noon yesterday: Jan R.A.S. (Currant Mth) Buyert Selltn (cents per kg) (Peru Buyers (cent Feb rard Mtfc) Sellers s »srkc) SSR20 (1-ton Pallets) 183.50 184.50N 8SR50 (1-ton Pallets) 181 00 182.00N 184.50 182 00 185 SON 183 OON47 words
-
Article250 1976-12-23 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk $45 sellers, old drum $90 sellers, new drum $95 sellers. Copra: Mixed (loose) UK/Cont $54 buyers. Pappar: Muntok ASTA white fob 100% NLW $295 sellers. Sarawak white fob 98% NLW $280 sellers. Sarawak special black250 words
-
Article44 1976-12-23 8 LONDON, Wed. Zinc gained £5.25 per tonne for Cash and £5 for Three Months. The metal reflected the general trend with short- covering and light fresh buying lifting Three Months to 1409 per tonne before values slipped back partly. Sales were 1,400 tonnes.44 words
-
Article213 1976-12-23 8 THE Straits tin price In Penang yesterday was down *6.12* to $1,236.12* per picul on an official offering down 110 tonnes to 191 tonnes. In LONDON yesterday, tin advanced by around £47 per tonne for Cash and £42 for Three Months In both contracts. Despite the further fall213 words
-
Article25 1976-12-23 8 Rubber: Dee 22 Singapore: Jan. 194.00 cU (down 0.50 cto.) Malaysia: Closed. Tin: t1.236.12Vi (down $6.12*). Official offering: 191 tonnes (down 110 tonnes)25 words
-
Article56 1976-12-23 8 SHIPMENT of Straits Refined Tin from Penang for the period: Dec 1 to 15 1976. Destination Shipped Tonnes Afloat Tonnes Africa 20.00 Australia Canada Continent 805.00 58.00 India 162.00 Japan 674.00 Middle East 54.00 Pacific 222.00 Singapore 2.00 67.50 S. America .50 United Kingdom U.S.A. 940.00 Total 2,859.5056 words
-
Article110 1976-12-23 8 LONDON, Wed Lead rose by mostly £8.25 per tonne. The continued tightness of the nearby supply position gave the market additional impetus with covering and some chart buying, taking Three Months up to £304.50 per tonne before profit taking shaded the higher levels. By the close, a small contango110 words
-
Article131 1976-12-23 8 THE following Palm Oil prices were quoted In London on Tuesday. The prices are elf Rotterdam and are quoted in 1 u8 dollar per ton unless otherwise stated Tuesday Pre* Malaysia 5H rra bulk Jan unch 448 sir Feb 445 sir 448 sir Mch 445 sir 448 sir131 words
-
Article338 1976-12-23 8 IN the Singapore gold market yesterday, the loco London gold opened at U*****.25/ 134.75 In line with the firmer closings In the U8 gold futures market. Thereafter In mixed two way trading the metal was traded down to a low of U*****.50/ 134.00 before recovering at the close to338 words
-
Article339 1976-12-23 8 LONDON, Wed. Copper wirebars gained £7 per tonne all round. The early mark-up in values on the pre-market .reflected the overnight performance at New York and modest covering developed in the range £816 to £187 per tonne for Three Months. The movement was extended in the ring where up339 words
-
Article360 1976-12-23 8 LONDON, Wed. The terminal opened with a £28 rise in March at £2,915 per tonne but at the end of the opening call, values had eased and were £19 to £61 down from last night's close with 356 lots traded. Most positions at the close of the call were360 words
-
Article131 1976-12-23 8 CHICAGO, Tues. Wheat futures recovered small losses late In the session to finish with gains of one to 3Vi cents a bushel. Early weakness in soybean futures and the continued low level of exports brought speculative selling and small losses but prices later moved upward on short-covering which followed131 words
-
Article112 1976-12-23 8 CHICAGO, Tues. Soybean futures recovered early losses to close at the day's highs with gains of 3V« to six cents a bushel. Speculative selling depressed prices early and absorbed light commercial buying. Losses were recovered and gains were posted after renewed commercial buying interest nearby generated local short-covering. Soybean112 words
-
MONEY AND EXCHANGES
-
Article532 1976-12-23 8 INTEREST rates for overnight funds in the Singapore domestic money market remained firm near the previous day's levels because of the seasonal year-end withdrawals from the banking system. From the opening of 3 3/4 and 3V4 per cent in the morning, the rates climbed steadily upwards with marked fluctuations532 words
-
Article156 1976-12-23 8 Asian rates ASIAN currency deposit interbank rates as at close on Dec 22 U8 Dollar* (Spot) Offer Bid 7 days 3 4 7/8 1 mth 4 3/4 4 5/8 2 mths 413/18 3 mths 415/10 6 mths 5 3/8 51/4 9 mths 51/2 5 3/8 12 mths 55/8 51/2 8w.156 words
-
Article51 1976-12-23 8 RANOE of prices offered by discount houses on Dec 22 Overnight 2 to 3S Call deposit 2 to 3* CIM Buy to* .Selling 3-Month Treasurer bills 3 2 7/8 3-Month Bank bills 35/8 31/2 3-Month CD 3 3/4 35/8 6-Month CD 4 1/4 4 1/8 Source: National Discount51 words
-
Article129 1976-12-23 8 Euro rates LONDON, Wed. Near period Eurodollar deposits opened easier reflecting the Friday dealing technicality, with losses ranging to 3/16, while longer positions and shorts were unchanged, dealers said. Little movement was noted in rates In early light trading though a slightly harder undertone was noted in. some periods. Dealers129 words
-
Article285 1976-12-23 8 LONDON. Tues. The dollar traded with a weak undertone in currency centres, with markets waiting to see whether major European central banks will extend their widespread intervention of Monday, dealers said. The Canadian dollar fell sharply, to 98.20/25 US cents from 98.80/85, in the wake of Canada's latest bank285 words
-
Article120 1976-12-23 8 NEW YORK, Tues. The dollar closed at its lowest trade-weighted level for a month on softness In US Interest rates that followed a cut In bank reserve requirements. However, widespread European central banks Intervention earlier was not apparently continued here by the New York Federal Reserve Bank to120 words
-
Article181 1976-12-23 8 HONGKONG Wed. The US dollar closed around HK54.7250/7280, above the mld-dav rate of $4.7230/7250 and well above the opening $4.7120/7150, dealers said. They noted the US unit moved erratically throughout the day In thin trading, influenced by year-end slackness and that at one time in mid-morning, it touched $4.7300/7350181 words
-
Article106 1976-12-23 8 TOKYO, Wed. The US dollar for overnight dellvery closed lower at 293.65 yen, compared with 294.10 at the opening and at Tuesday's close, on Increased selling while buying Interest was limited, dealers said. The strength of the German mark, which required Bundesbank Intervention on Tuesday, also led to the106 words
-
Article42 1976-12-23 8 THE Monetary Authority of Singapore (MAS) Invites banks and discount houses to tender for a total of $30 million 91-day Treasury bills to be Issued from Dec 27 to Dec 31. Each Tender must not be less than $250,000.42 words
-
Article57 1976-12-23 8 Minimum lending rates (in ACBC 6% Algemene Bank fl* Bangkok Bank .7* Bank of America 6*. Bank of China 7% Bank of Tokyo Bank Negara Indonesia .7'* Chartered Bank 6*. Chase Manhattan 61. DBS 6'« First Chicago Q\ Citibank 6* HSBC 7 Indosuez 6* Malayan Bankings** Mitsui Bank 6*« OCBC57 words
-
Article52 1976-12-23 8 AUSTRALIA/NZ exchanges quoted on Dec 22. Australia: Sterling 0.6405/0.6331 US dollar 1.0742/1.0694 Ninety day air mall buying rates: Sterling 0.6710 US dollars 1.0997 Ninety day forward buying rates: Sterling 0.6588 US dollars 1.0777 New Zealand: Sterling 0.5610 0.5579 US dollar 0.9470 0.9370 Ninety Day forward rate: Sterling 0.6019 US52 words
-
Article55 1976-12-23 8 ZURICH exchanges quoted on Dec 21. US 2.4385 4405 UK 4.1085 1135 Can 2.4090 4125 W.Germ 102.89 103.02 Neth 98.92 99.07 France 48.86 92 Belg 6.7414 75K Denm 42.05 13 Norw 47.01 08 Swed 58.87 96 Italy 0.2818-- 2821 Austria 14.50 53 Port 7.72 75 Spain 3.55'/« 56"4 Arg55 words
-
Article32 1976-12-23 8 Frankfurt exchanges opening quotes on Dec 22. US 2.3670/85 Can 2.3360/80 UK 3.975/999 Neth 95.90/96.05 Switz 97.18/33 Italy 2.735/750 France 47.40/55 Norw 45.66/76 Belg con 6.535/555 Belg fin 6.550/570 Japan 0.8040/806032 words
-
Article303 1976-12-23 8 LONDON, Tues Eurobonds continued mostly steady in fairly quiet tionsUS issues were steady to slightly firmer in places, with some dealers reporting Increased volume because some market-makers have already closed for the holiday. Shorter dated bonds were In demand following lower US Treasury Bill yields, and prices gained303 words
-
-
Article166 1976-12-23 8 LONDON, Wed. Silver finished with net gains of 1.2 to 3.0 pence per troy ounce, but higher prem&rket values which followed the overnight gains at New York were not maintained In the ring where Three Months traded down to 268.0 pence before final business at SOS.2 pence. Selling prompted166 words
-
Article237 1976-12-23 8 LONDON, Wed. Futures opened £1.50 to £0.85 per tonne above Tuesday's levels. Sales totalled 895 lots. Dealers said there was no fresh news and they felt the steady opening reflected short-covering prompted by the lack of follow through to the downtrend of the earlier part of the week. The237 words
-
Article227 1976-12-23 8 BANGKOK, Wed. Indicative prices for rice auoted in Bangkok yesteray were: US dollars per tonne fob 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 cent227 words
-
-
Page 8 Advertisements
-
Advertisement479 1976-12-23 8 THESE ARE THE BOOKS THAT HITLER BURNED mimwwx .1. m E. a a |S3S."T "5 V J fm 2= w 35 as <5 g; —ip '»> i it iiii i r» f" as w THE GREAT BOOKS OF WESTERN CIVILIZATION <4 -4- *21 j*}£ igj >tt T m is *>**%479 words
-
-
TRANSPORT AND COMMUNICATIONS
-
Article, Illustration1883 1976-12-23 9 C. LORENZ - WHY THE BRITISH TELECOMMUNICATIONS INDUSTRY NEEDS SHAKING UP By C. LORENZ Financial Times THE British Government Is now studying a plan for a radical re-structuring of the telecommunications Industry. The main purpose Is to revive falling export performance, but to be successful ItFinancial Times - 1,883 words
-
Article, Illustration295 1976-12-23 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Patroclus (0530 hauls 115 m East after Kosmonavt 6/7 Righteous (ELUI) (Clinker) (1100 tide after Patroclus hauls) (Must head West) 5 Cornelia Maersk (1100 tide after Fushlml Maru) (Req. Starboard to) 3/4 Straat Luzon (1500 after Khlan Captain) 10/11 Temburong (0600 after Nagan295 words
-
Article517 1976-12-23 9 ARRIVALS Service Local Operator Number Time From SAS SK988 0700 HLP SIA SQ211 1010 HLP CPA CX710 1030 HLP OIA GA980 1030 HLP GIA GA908 1100 MES PAL PR501 1115 MNL SIA SQ201 1200 HLP SIA SQ240 1205 MES GIA GA895 1215 AMS/FRA/FCO BOM/BKK THAI TG413 1245517 words
-
447 1976-12-23 9 TERESA LIM - By TERESA LIM THE standard "Asean vessel" on the cards since July this year Is about to take shape. Eight organisations here have agreed to sponsor the first phase of the project which Is a systems engineering study. The eight organisations447 words
-
223 1976-12-23 9 Reuter PARIS, Wed. French shipowners have invested some 10 billion francs in new tonnage for delivery between now and 1980 and over 50 per cent of the orders have been placed with French shipyards, shipowners' association general delegate Philippe Polrler D'orsay said.Reuter - 223 words
-
Article169 1976-12-23 9 AP LONDON, Wed. There seems to be no possibility of any pre-Chrlstmas chartering flurry. On the contrary, freight market business continued to shrink yesterday, with fixing again restricted to Just a handful of mostly miscellaneous business. The US Oulf-Antwero-Hamburg range grain route featured on one occasion whenAP - 169 words
-
-
Page 9 Advertisements
-
Advertisement196 1976-12-23 9 -V Ji&T,', 4 1 '&*£si "■Jtf I MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the lotest developments that have taken ploce in all important sectors of the economies of countries jn East196 words
-
-
Article, Illustration1515 1976-12-23 10 ABDUL KADIR JASIN ON BOARD THE SEDCO ALPHA OIL RIO IN THE SOUTH CHINA SEA... LAST FRIDAY'S announcement that world oil prices are to go up again provides Malaysia with another opportunity to boost Its Income; It also makes it imperative that the country1,515 words
-
Article, Illustration1406 1976-12-23 10 COLIN CHEE - By COLIN CHEE who recently returned from a visit to Indonesia By COLIN CHEE NEXT to the recovery of the Indonesian economy and the mending of Pertamlna. the restoration and preservation of the country's 10th century Mahayana Buddhist temple complex at Borobudur, Central Java, welghr heavy1,406 words
-
Article154 1976-12-23 10 U.P. KRIPALANI - LETTER TO THE EDITOR U.P. KRIPALANI THE concept of Singapore developing into i "Cultural desert" is being greatly helped by such review* a* the one of "Winnie the Pooh" published in your issue of Dec 13. The report gives one the impression that perhaps the reviewer154 words
-
Page 10 Advertisements
-
Advertisement714 1976-12-23 10 APPOINTMENTS GETZ BROS. Co.. INC. A leading international American Company well-esta blished over a century invites applications for: CHEMICAL SALES EXECU THE MAN: Should itave at least 2 years in marketing of chemicals or allied products Possessed a clean driving licence and a car Capable of working independently A person714 words
-
-
Page 11 Advertisements
-
Advertisement457 1976-12-23 11 Important reading for all businessmen i MtW I m 1 P r I VII «*m fat opfmritf 10 M V Business Times is specially aimed at Singapore businessmen. Use the pages of Business Times as your salesmen when you want to talk to them. Turn the pages of Business Times457 words
-
-
370 1976-12-23 12 DR. Lee Slew Choh, chairman of the Barisan Soslalla yesterday made a blistering attack on the People's Action Party at a Fullerton Square rally the last to be held at this venue for this election. The Prime Minister, he said, is himself a chauvinist.370 words
-
Article63 1976-12-23 12 RADIO Television Singapore will broadcast the results of the Singapore General Elections 1976 simultaneously over both Channel 5 and Channel 8, and on the four language radio channels today. RTS said the "live" telecast will start at 10 p.m. and will remain on the air until all63 words
-
Article286 1976-12-23 12 THE Prime Minister last night appealed to the people to alve him support at the polls today. "I can dellTer If you work with me," he told the crowd at a rally last night In the same constituency where he spoke years ago on the286 words
-
Article182 1976-12-23 12 THE independent candidate for Calrnhill, Mr. Chlam See Tong, last night told the crowd at the political rally at Emerald Hill Road that the opposition does take the elections seriously and is not taking a gamble as alleged by the PAP. "We are. responsible people.182 words
-
192 1976-12-23 12 "WHO Is playing along racial lines,' Mr. J.B. Jeyaretnam asked last night. "Someone should ask him one of these days It is Lee Kuan Yew himself." The secretary-general of the Workers' Party, speaking at Chal Chee, said that the Prime Minister had remarked192 words
-
Article147 1976-12-23 12 MR. Seow Khee Leng, secretary-general of the United Front, denied last night at a political rally at Sin Mln Road that his party had anything to do with Mr. Lee Eu Seng. "We are not connected with Lee Eu Seng, we have nothing to do with Lee147 words
-
Article756 1976-12-23 12 LONDON, Wed. The stock market closed firm after a quiet session. At 3 p.m., the Financial Times Index had gained 7.5 points to 345.3. Dealers attributed the higher trend to some Institutional demand but thin conditions exaggerated price movements, they added. Government bonds were 1/8 off the top756 words
-
Article215 1976-12-23 12 FOUR opposition leaders evaluated their chances of success at the polling booths today: Enclk Selamat Shamsurl, chairman of the PKMS which is fielding two candidates In Geylang Serai and Kampong Übl said: "We have already put up a good show and we believe the electorate215 words
-
332 1976-12-23 12 JERUSALEM, Wed. Israeli Government analysts said today they believe Egypt's announced union with Syria could have political and tactical significance," but was not a real unification. Official spokesmen had no comment on the Joint communique issued yesterday in Cairo that the two countries were332 words
-
425 1976-12-23 12 DESPITE SALES HIGH OF $300 m THE KEPPEL group Just managed to maintain Its profits at last year's level despite an Increase In sales to an all-time high of $300 million. This was stated by Mr. O.E. Bogaars, chairman of Keppel Shipyard at425 words
-
394 1976-12-23 12 NEPTUNE Orient Lines (NOL) expects 1977 to be a good year for its Far East/Europe service under the Ace consortium. In fact, it hopes that its tonnage with Ace, which already accounts for 65 per cent of NOL's freight earnings, will double by394 words
-
413 1976-12-23 12 KUALA LUMPUR, Wed. Tile manufacturers have urged the government to Impose a stricter control on the import of this product from Thailand in order to protect the local Industry. They claim that imports of cheap ceramic floor and wall tiles from the northern413 words
-
313 1976-12-23 12 Router LONDON, Wed. Singapore lawyer Mr. Philip Hoalim, was not bound to sell the tO hectare offshore island of Pulau Tekong Kechil, trained by him at 11,641,920, to the State for $<7,500 the Judicial Committee of the Privy Council in London decided yeeterday. LordRouter - 313 words
-
Article82 1976-12-23 12 KUALA LUMPUR, Wed. The "new" Kuala Lumpur Stock Exchange has been Issued with a certificate of Incorporation by the Registrar of Companies, a spokesman for the Exchange confirmed today. He also said the membership fee to be put up by the members of82 words
-
Article, Illustration180 1976-12-23 12 Router PLAINS (GMTfia), Wed. President-elect Jimmy Carter reaffirmed hia eaaPti<B pledge to withdraw US [roud troops from South Korea, in announcing the appointment of former Air Foroe Secretary and leading nuclear odenHit Harold Brown as Baffin Secretary. Mr. Carter said he planned "a very slow,Router - 180 words
-
294 1976-12-23 12 KUALA LUMPUR, Wed. Exxon Production Malaysia Is currently reviewing Its work programme, Including personnel requirements, to step up drilling activities In its three contract areas off Peninsular Malaysia and Sabah. The Company's spokesman said today that Informal talks are going on with Petronas294 words
-
151 1976-12-23 12 TOTAL cargo discharged and loaded at Singapore In October showed a slight decline of 10.4 per cent from the previous month. This brought the total tonnage to 5.3 million freight tonnes (FT). But total cargo discharged and loaded for the first 10 months of151 words
-
Article251 1976-12-23 12 AP TOKYO, Wed. Blx major Japanese oil Industry firms are planning to take advantage of the split In oil prices between Saudi Arabia and other members of the Organisation of Oil Exporting Countries. The six firms will meet later this week, according to companyAP - 251 words
-
406 1976-12-23 12 KUALA LUMPUR, Wed. The Asean machinery for economic co-operation will be streamlined under five major committees to avoid duplication of activities. The agreement was reached today at the end of a two-day closed-door meeting of the ad hoc committee on Asean406 words
-
Article144 1976-12-23 12 Reuter BANGKOK, Wed. A deputy governor of Thalland T s troubled southern province of Surat Thani was killed when communist guerillas fired at a helicopter In which he was making an inspection tour, the Interior Ministry said today. The military aircraft was flying at an altitude of 300Reuter - 144 words
-
Page 12 Advertisements
-
Advertisement258 1976-12-23 12 Master accounting and finance with SOA and make more money If you are a decision maker, you'll need to understand finance. Whether you're managing your own business or are part of a management team, you'll need to grasp the financial implications of every decision. The Certified Diploma in Accounting and258 words
-