The Business Times, 7 October 1976

Total Pages: 12
1 12 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) 1455/76 THURSDAY, OCTOBER 7, 1976 50 CENTS
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  • NEWS SUMMARY
    • 72 1 AP BRUSSELS, Wed. The Common Market Commission has expressed to Japanese authorities Its concern about growing Japanese steel exports to the European community. Although there Is no formal agreement on limited exports from Japan, an understanding between Japanese and European steelmakers set the limit at 1.22 million
      AP  -  72 words
    • 53 1 Chances are Reuter LONDON, Wed. The British Conservative Party was 13 to 8 favourite with London bookmakers to win Britain's general election after some substantial wagering yesterday. The Labour Party Is at 5 to 4 against. But odds of 3 to 1 are being offered against an election taking place
      Reuter  -  53 words
    • 71 1 Reuter AUCKLAND, Wed. An unused luxury airliner owned by the late billionaire Howard Hughes has been bought by a New Zealand domestic airline, Mt. Cook Airlines, for Just over NZ$l million (552.4 million). The Hawker-Slddeley 748 turboprop, now stripped of its lavish furnishings, has been in a
      Reuter  -  71 words
    • 59 1 Reuter MANILA, Wed. Eight of the 13 Opec countries said today they planned to donate the profits of their share of the IMF gold sales to the poor countries. Opec spokesman Hamld Zaheri of Iran said the combined profits would be more than US$2O million ($49 million)
      Reuter  -  59 words
    • 40 1 MANILA, Wed. Five nations have publicly backed the move to unseat Taiwan and put China Instead In the membership of the World Bank and the IMF. They are India, Pakistan, Bangladesh, Nepal and Tanzania. SEE PAGE 2
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    • 39 1 Reuter KUALA LUMPUR, Wed Sri Lanka Finance and Justice Minister Felix Bandaranalke will arrive In Malaysia on Saturday for a visit during which he will discuss bilateral matters and relations among non-aligned countries with Malaysian leaders.
      Reuter  -  39 words
    • 35 1 Reuter HONGKONG, Wed A group of officials from the United Nations Development Programme (UNDP) is currently visiting Vietnam to negotiate aid for the country, the Vietnam News Agency reported today Reuter.
      Reuter  -  35 words
    • 29 1 LONDON, Wed At 3 p.m. today, the Financial Times index was down 9.2 at 310.1 approaching a further closing low for over a year.
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  • Chief Price Changes
    • 184 1 THE Singapore stock market lapsed Into easier conditions yesterday with most shares ending In minus territory. The Business Times index fell 4.23 points to 263.39 while the Straits Times Industrial average was off 1.88 points at 264.84. Foils Most octiri OCBC 810 MAA 135 UOB 394 Pan
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    • 109 1 Foils Most active N. Serendah $2.02 -.13 Malayan Credit 187,000 D Keramat $4.60 -.10 JC-MPH $1.02 -.08 Slme Darby 111,000 Pan Electric $1.96 -.08 Pan Electric 104,000 William Jacks $1 35 -.07 General Lumber 81,000 Sime Darby D B.S. $3.76 $3.96 -.06 -.06 Total Turnover. 1.38 M
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  • 890 1  -  OFFER LIKELY TO STIR MORE CONTROVERSY •y GOH ENG KIE MR. CHO Jock Kim's offer to buy back the public's shareholding In Far Eastern Hotels Development may trigger fresh embarrassing problems instead of putting an end to them. This is the general feeling
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  • 149 1 AP PARIS, Wed. Traffic jams, power cuts and factory shutdowns are expected across France tomorrow as workers plan a nationwide strike to protest the Government's tough antiinflation plan. The plan, announced last month by Premier Raymond Barre, includes higher taxes, wage guideline* and a limited price
    AP  -  149 words
  • 751 1  -  »y SOH TIANG KENG MANILA, Wed. The World Bank the "sugar daddy" which doled out US$5 billion to needy nations last year is swallowing some bitter medicine. It is now becoming the favourite whipping boy of many developing nations during the joint World
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  • 228 1 SINGAPORE Airlines Is planning to raise <300 million In the international capital markets to finance development of its new facilities at Changl Airport. It will kick off with a $50 million bond Issue early next year, and this will very likely be followed by issues
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  • 283 1 BANGKOK, Wed. The military seized power In Thailand at 6 p.m. today In a lightning coup following a bloody battle between armed police and leftist students at Bangkok's Thammasat University. Late tonight, the new military rulers said that Prime Minister Benl PramoJ had been put under
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  • 115 1 TWO THIRDS of the year has passed and the expected expansion in bank loans has not taken place, despite an easier credit system. Loans and advances from cbmmerclal banks have only inched forward from July to August this year, as in the preceding months.
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  • 303 1 Reuter LONDON, Wed. The pound sterling came under strong new pressure today and by midday stood at record lows against other key European currencies. Against the US dollar, the pound fell to just below 1.64. This was two and a half cents down from the
    Reuter  -  303 words
  • 407 1 ABOUT 46 per cent of the accounts at Citibank's personal banking department running into four figures will be affected by its new policy. Although the initial impact will be the closing of a substantial number of accounts with the bank, the loss in dollar terms is
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  • 213 1 Reuter BRIGHTON, Wed A former Conservative Prime Minister Mr Edward Heath, finally throwing his weight behind the present Party leader Mrs Margaret Thatcher, today declared that Britain has come to the end of its present road and must face hardship to restore foreign confidence in
    Reuter  -  213 words
  • Page 1 Advertisements
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  • OVERSEAS
    • 231 2 Reuter WASHINGTON, Wed. A Congressional report yesterday criticised aspects of the US military operation last year to free the container ship Mayaquez and its 40man crew from Cambodia. President Ford's election campaign advertisements have cited the Mayaquez incident as an example of his skill in foreign
      Reuter  -  231 words
    • 1004 2 FORD, CARTER HAVE PLENTY TO ARGUE ABOUT AP SAN FRANCISCO, Wed. From a distance, President Ford and Democratic Presidential candidate Jimmy Carter have waged a sharp, sometimes bitter dispute about American defence and foreign policies. So there is plenty to argue about today if
      AP  -  1,004 words
    • 346 2 UPI LUXEMBOURG, Wed. European Common Market Agriculture ministers failed to reach agreement yesterday on whether to end or continue a controversial deposit charge on soy bean imports which has caused friction with the United States. Unless the ministers reach agreement at a
      UPI  -  346 words
    • 43 2 Reuter TOKYO, Wed. Japan will have a poor rice crop of 11.9 million tonnes this year, compared with last year's bumper crop of 13.1 million tonnes, owing to bad weather, the Ministry of Agriculture and Forestry said today. Reuter.
      Reuter  -  43 words
    • 279 2 UPI LONDON, iWed. The government-subsidised British Leyland Motor gave 18,000 usatl workers at its Longbridge, Birmingham, plant an ultimatum yesterday that unless they improve productivity, accept mobility of labour and end unofficial strikes, their jobs were in danger. Mr. Dereh Whittaker. managing director of
      UPI  -  279 words
    • 247 2 AP PARIS, Wed. British exports of automobile products to her European Common Market partners rose 100 per cent in the first three yeara of membership, a senior motor industry figure said here yesterday. Mr. David Plastow, managing director of Rolls Royce Motors snd president
      AP  -  247 words
    • 541 2 UPI TEHRAN. Wed. Iran's crude oil production hit an all-time high of 6.4 million barrels a day during September, according to official figures released today. The figures released by the National Iranian Oil Company, however, showed that even with the high production levels, supplies
      UPI  -  541 words
    • 278 2 Reuter NEW YORK, Wed. Share prices on the New York Stock Exchange have fallen sharply for the past week, reflecting lnvestors's fears that the US economic recovery Is in trouble. On Sept 27, the closelywatched Dow Jones index of 30 industrial stocks stood at 1009.31.'
      Reuter  -  278 words
    • 389 2 AP Reuter PARIS, Wed. Premier Raymond Barre attacked critics of his antl-Inflation plan as he opened debate In the National Assembly yesterday, but Socialist leader Francois Mitterand fought back, saying the programme hurts the working man most and that the opposition will call for a vote of
      AP; Reuter  -  389 words
    • 232 2 UPI LONDON, Wed. It looks as though 1976 may be the year that reversed the rising trend in the tanker surplus, latest figures in the World TankeT Fleet Review published by John I. Jacobs and Co., shlpbrokers, showed yesterday. While it is true that the commercial fleet
      UPI  -  232 words
    • 280 2 AP MANILA, Wed. Talks between the United States and the Philippines on future American use of military bases here have moved quietly to Washington, D.C., and risen to ministerial level, US embassy sources said yesterday. US ambassador to the Philippines William Sullivan, chief
      AP  -  280 words
    • 220 2 AP LONDON, Wed. The first cash aid to British farmers suffering from drought was announced yesterday. Agriculture Minister John Sllkin said the price of milk will go up one penny (54.1 cts) for half a litre from January to help pay for £30
      AP  -  220 words
    • 30 2 AP SEOUL, Wed. Westinghouse Electric International has agreed to build South Korea's second nuclear power plant for US$555 million (*****5 million), the newspaper Seoul Shinmun reported yesterday. AP.
      AP  -  30 words
    • 217 2 UPI MANILA, Wed. Australia will In future sit on -all working meetings of the Group of 10 The IMF's grouping of rich Industrialised nations, without actually becoming a member of the group, group officials said today. Australian officials said the decision was "what we
      UPI  -  217 words
    • 223 2 Reuter. MANILA, Wed. Mexican Central Bank General director Ernesto Hurtado said here that the devaluation of the Mexican peso was more than sufficient to restore the competitiveness of the Mexican economy. Hie told the IMF annual meeting "Neither the timing nor the magnitude of the exchange rate
      Reuter.  -  223 words
    • 638 3 Reuter DETROIT, Wed. The United Auto Workers Union said it reached a tentative contract agreement with Ford Motor Company to end the three-week-old strike. The union said its executive board will meet tonight to ratify the agreement. No details were announced, pending the executive
      Reuter  -  638 words
    • 92 3 Reuter BANGKOK, Wed. Thailand's trade deficit fell to US$l99 million in the first half of this year from US$474 million in the same 1975 period, according to Commerce Ministry figures. First half exports rose to US$l.53 billion from US$l.2O billion a year earlier,
      Reuter  -  92 words
    • 95 3 Reuter PRETORIA, Wed. South African gold holdings dropped 0.5 million rand to 375.1 million last week, the Reserve Bank said. Total gold and foreign reserves rose 2.4 million rand to 685.8 million. The bank said in its return for the week ended Oct. 1 that
      Reuter  -  95 words
    • 41 3 Reuter MANILA. Wed. Queei) Elizabeth has approved the appointment of Mr. William Bentley as Britain's ambassador here, in succession to Mr. James Alexander Turpin who Is leaving Manila next month on retirement, the British Embassy here said today. Reuter.
      Reuter  -  41 words
    • 37 3 AP KOBE, Wed. A Japanese gravel carrier collided with an anchored Singapore Cold-Storage freighter off Kobe harbour early today, resulting in the damage of both vessels, the Maritime Safety Agency said. There were no casualties. AP.
      AP  -  37 words
    • 166 3 Reuter HONGKONG, Wed. Hongkong Governor Sir Murray Maclehose said Hongkong's economy will continue to expand at an average real rate of at leaat six per cent a year for the rest of the decade. He told the Legislative Council that Grose Domestic
      Reuter  -  166 words
    • 160 3 Reuter TOKYO, Wed. Mitsubishi Motor Corporation sakl It plans to sell more of its cars in the European market through Chrysler Corp's network. However, it denied a Japanese press report that Chrysler plans to have Mitsubishi cars assembled at Its subsidiaries' factories
      Reuter  -  160 words
    • 196 3 Reuter TOKYO, Wed. The Ministry of International Trade and Industry said it plans to approve the construction of five new oil refining plants with combined daily capacity of 520,000 barrels on condition that they are completed after 1979. The five plants were initially authorised
      Reuter  -  196 words
    • 91 3 Reuter MIRI, (East Malaysia), Wed. The Royal Dutch Shell Group said it resumed onshore oil prospecting surveys In several areas of Sarawak state. A spokesman said the areas under survey were at Lutong, Pujut, Plasau beach and Kirl River. The company aban- doned land surveys and
      Reuter  -  91 words
    • 67 3 Reuter HONGKONG, Wed. Hongkong Governor Sir Murray MacleHose said Anglo-Chinese relations had continued to be excellent during the past year, and within this framework practical contacts over Hongkong had been like- wise friendly and helpful. "Recent sad events In China have no bearing on this satisfactory
      Reuter  -  67 words
    • 57 3 Reuter HONGKONG, Wed. United Nations Development Programme (UNDP) officials are currently visiting Vietnam to discuss aid for the country, the Vietnam news agency reported. "The purpose of the visit was the execution of a UNDP plan to provide Vietnam with aid worth U5549.2 million from 1977 to
      Reuter  -  57 words
    • 736 3  -  MILITARY HONOURS AWAIT AUSSIE PREMIER IN JAKARTA TODAY INGO HERTEL Reuter AUSTRALIAN Prime Minister Malcolm Fraser will be welcomed with full military honours by President Suharto when he arrives here tomorrow for his first visit to Indonesia since he took office nine months ago.
      Reuter  -  736 words
  • Page 2 Advertisements
    • 209 2 > Banks Financial Institutions in Singapore YEARBOOK 197* This first-ever Yearbook on Singapore's financial industry took several months to research and prepare. It provides a professional and qualitative definition of the various segments of the industry from commercial banking to factoring and comprises over 335 pages of reviews, financial data,
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  • Page 2 Miscellaneous
    • 253 2 RADIOS SINGAPORE 5 3.00 p.m. Opening announcements followed by Housewives' Matinee "Chui Fei Yen" (r) Pt. 1 of a Hokkien film 355 General Hospital 435 Intermission 6.00 Opening annoucements followed by Castaway "Sail Ho!" 6JO News in brief 635 Pentas Kanak Kanak (Malay) (r) 7.00 Audubon Wildlife Theatre Coyote Country"
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  • Page 3 Advertisements
    • 136 3 BCS9O BCS9O BCS9O PROGRAMMABLE CONTROL UNIT LER TERMINAL V PRINTER PASSBOOK/JOURNAL 1 1 1 1 i lUNKEI RAMO Dataprep's System combines the power of DATA GENERAL'S Eclipse Computer and BUNKER RAMOS Savings and Commercial Banking Terminals. CRT display-stations, passbook printer, document printer, credit-card readers and customeridentification device all under the
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  • COMPANY NEWS
    • 321 4 AFTER seeing five years of good profit growth. Setron has moved into a consolidation phase in the current 12 months ending Dec 31,1976. This is the indication given by Its interim results. In sharp contrast to an average annual compound growth rate of 32.5 per cent
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    • 295 4 JUDGING from its Interim performance, it looks as though the slide in earnings experienced by Sigma Metal will go unchecked for some time to come. For since it was listed on the Stock Exchange of Singapore in November 1973, the pre-tax profit has
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    • 371 4 WORLDWIDE Holdings Is now planning the sale of its ill-fated investment in Overseas United International which is the subject of current enquiries by the Kuala Lumpur Stock Exchange. This is reported in the interim results which show a group pre-tax loss of M
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    • 456 4 THANKB to Its excellent portfolio of properties, growth at Hongkong Land Is continuing at a faster pace In the current year. Prospects are that full year net profit will show at least a 14 per cent Increase to $08.5 million and the outlook
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    • 768 4 MALAYSIA'S most ambitious multimllllon dollar scheme to ensure the future of the country's tin Industry well into the 21st century has ground to a halt because of political and financial problems in Selangor State. Under original plans the second stage of
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    • 220 4 ENCIK Yusof bin Ismail AlHaj has resigned as a director of Termeloh Rubber Estates with effect from Sept 30. The board also announced the appointments of Tan Sri Datuk Hamzah Sendut and Mr. M. Evans as directors with effect from Oct 1. Mr. Thomas L. Erdhuetter, regional
      220 words
    • 512 4 Current payment Ex Date Total far Total for Date payable the year previoui year J.C.-M.P.H. 8* Sept. 16 Oct. 7 8* 8* Set. Dredging 40* Sept. 7 Oct 8 40* 7.5* G.E. Life 9* Sept 27 Oct 9 9* 26* Hume (M) 9% Sept 15 Oct. 9 15*
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    • 167 4 POOR profit margins eroded mainly by government control of the selling price of its sweetened condensed milk has again forced Dutch Baby Milk Industries (Malaya) into the red in the first seven months ended July 10, 1976. According to the company's managing director, Mr. J.P.A.
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    • 1138 4 Economist LONDON, Wed. Mr Jim Slater, the British financier who faces 15 summonses under the Companies Act 1948, together with a threat of extradition to Singapore, complained bitterly in a television interview on Monday that money-making is socially unacceptable In Britain. And not without Justice.
      Economist  -  1,138 words
    • 236 4 UNDER the terms of the scheme for the planned transfer of the residence of Kamunting Tin Dredging from the UK to Malaysia, shareholders would exchange their shares for an equal number of shares in the new Malaysian registered company, according to Kamunting. Application will be made for shares
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    • 1222 4 On October 5 OPTION OCT JAN APL STOCK Alcoa 45 UNTRD UNTRD NOL 57 Alcoa SO 7 1/2 8 3/8 10 57 Alcoa 55 2 1/2 4 3/4 NOL 57 Alcoa 00 3/18 2 3 1/4 57 Am Tel 50 10 1/8 UNTRD UNTRD 60 Am Tel
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  • Page 4 Advertisements
    • 161 4 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times r A 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
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  • INTERNATIONAL COMPANY NEWS
    • 270 5 Reuter MIDLAND. Mich. Wed. Dow Chemical said it expects third quarter earnings to be 85 to 90 US cents per share against $1.16 last time and no longer expects the full year earnings to exceed 1975's $3.41 per share. "Until recently we had expected a
      Reuter  -  270 words
    • 239 5 Reuter LONDON, Wed. Mr. Derek Whittaker, managing director of British Leyland said if employee representatives do not give their total commitment to the new mini car model by tomorrow, the project will be cancelled. He said, "All new capital expenditure requests for the Mini
      Reuter  -  239 words
    • 152 5 Reuter HONGKONG, Wed Nixdorf Computer should capture at least 25 per cent of the market for small and medium-sized computers in Hongkong by 1978, Mr. Walter Suike, chairman of Nixdorf's agents Zung Fu said. This implies an annual turnover of around HK$4O million, he
      Reuter  -  152 words
    • 90 5 Reuter STAMFORD, Wed. General Telephone and Electronics Corp said its information systems subsidiary is offering a new date base service that allows brokerage firms to display private and public information on a single video display desk unit,. The new service, GTE said, will make internal information,
      Reuter  -  90 words
    • 145 5 Reuter NEW YORK, Wed. Salomon Brothers said general and limited partners income totalled US$7O million before taxes in the fiscal year ended Sept.3o. In fiscal 1975, Salomon, a non-public partnership, reported $46.3 million in pre-tax earnings. At a press conference, managing partner, Mr. William R. Salomon said
      Reuter  -  145 words
    • 176 5 Reuter NEW STANTON, PA, Wed Volkswagenwerk may build a stamping plant for auto components in the US, VW chairman Mr. Tonl Schmuecker told a press conference. A US engine plant might become necessary later but the stamping plant will have priority, he added. Mr. Schmuecker
      Reuter  -  176 words
    • 123 5 Reuter NEW YORK, Wed. Third quarter net earnings at General Electric Corp rose from U*****.1 million to $184.8 million, for a ninemonth total of $501 million compared with $360.1 million last time. This gave net earnings per share of $1 (85 cents) for the third quarter and
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    • 39 5 Reuter LONDON, Wed. Coupon on this week's batch of one year negotiable UK local authority bonds was raised to 13 per cent from 12*« per cent last week, market sources said. The price remained at par. Reuter
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    • 192 5 Reuter ROTTERDAM. Wed. Rijin- Schelde- Verolme Machinef abrieken en Scheepswerven (RSV) said In a statement it expects to make a loss over the whole of 1976 and in 1977 despite a small unspecified profit in the first 32 weeks of the current year. In April the
      Reuter  -  192 words
    • 101 5 Reuter SYDNEY, Wed Concrete Industries (Monier) expects better results from most of its Australian operating divisions in the current year, the company said in its annual report for the year ended June 30. The gradual upturn in the US and Japanese economies should also ensure an Increasing profit
      Reuter  -  101 words
    • 53 5 Reuter BEVERLEY HILLS, Calif, Wed. Signal Cos said it raised its quarterly dividend to 27 W US cents from 25, payable on Dec 10. The new rate raises total cash payment per common share Jo 97** cents In 1976 and establishes a new annual rate of $1.10 per share,
      Reuter  -  53 words
    • 520 5 NYT NEW YORK, Wed. A generation ago, investors were accustomed to common stock dividend yields twice those offered by corporate bonds 6 per cent against three per cent was a typical ratio for quality securities of the two types. But bond yields began to
      NYT  -  520 words
    • 1457 5  -  By TERRY DODSWORTH Financial Times LONDON, Wed. International Harvester Is one of the biggest names In the world's heavy truck Industry. Until four years ago, however, the Chicago based company meant very little to commercial vehicle people In Europe, mainly because IH had chosen to
      Financial Times  -  1,457 words
    • 112 5 Reuter TOKYO, Wed. The Japanese stock exchanges In Tokyo, Osaka and Nago said they decided to tighten margin trading curbs for Nippon Columbia and Juljiya. The exchanges also said they eased the curbs for Chugai Pharmaceutical and Mitsumi Electric. The ratio will be raised by 10
      Reuter  -  112 words
    • Briefly
      • 77 5 NEW YORK. Wed. Singer expects second half net income will be near the US$3l million earned in the first half despite a less than satisfactory third quarter, Chairman Mr. Joseph B. Flavin told analysts. He added 1976 will be a profitable year for Singer and that 1977 Is expected
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      • 87 5 LOS ANOELES, Wed Atlantic Richfield said It successfully completed the first well to be drilled off shore the Bering Sea. The test well was drilled by Arco for itself and 19 other oil companies 177 km north of Unalaska Island to obtain information on rock type and quality
        87 words
      • 61 5 PARIS, Wed. Banque Nationale de Paris has opened a branch In Seoul, South Korea. This completes its branch network in South-East Asia and the Pacific, where it already has branches in Hongkong, Japan, Australia, and Singapore, as well as the west coast of the US and Canada, it said.
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      • 44 5 MELBOURNE. Wed. Myer Emporium has reported consolidated operating profit of A 542.89 million ($35.66 million) for the year ended July 31,1976. It has proposed a final dividend of 5.5 cents (4.75 cents), making a total of lu cents (8.25 cents) for the year.
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      • 47 5 PARIS. Wed. Main French unions called oh members working in the Paris Bourse to strike tomorrow. Together with the Federation de L'Education Nationale they have already called on members in all industries and sectors to strike the same day against the government's plan to fight inflation.
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      • 76 5 HONOKONO, Wed. Ssangyong Cement Industrial of Korea Is to receive a US$35 million five-year syndicated loan, Chase Asia said as joint lead manager with First Chicago Asia Merchant Bank. A Chase spokesman said an agreement has been signed in Washington and Hongkong, and the loan is guaranteed by the
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      • 77 5 PARIS, Wed ThomsonCSF will take over the television sector of Compteurs Schlumberger under an agreement reached between the two companies, the companies said in a joint communique. The move is made to strengthen the position of Thomson-CSF In the video and language laboratory field and help face increasing international
        77 words
      • 40 5 NEW YORK, Wed. A group of 18 international banks have met to organise an US$BOO million syndicated credit for Mexico, a Mexican government spokesman announced. The loan is the largest sought by Mexico in the Eurodollar market, he said.
        40 words
      • 82 5 FRANKFURT, Wed. Den Danske Bank plans a 70 million mark bond on the German capital market through a consortium led by Mr. Westdeutsche Landes- bank Glrozentrable, primary market sources said. The coupon, maturity and date of signing have not been finalised and will depend partly on the developments
        82 words
      • 45 5 Reuter VEVEY. Switzerland, Wed. Nestle Allmentana confirmed press reports it expects consolidated group turnover to rise more than five per cent this year. Last year turnover rose 10 per cent to 18.27 billion francs. Consolidated net profit was 799 million francs (742 million) Reuter.
        Reuter  -  45 words
  • Page 5 Advertisements
    • 87 5 This issue having been completed, this announcement appears for the purpose of record only. YEO HI AP SEIMC3 LTD. HKCO*PO«ATfD IN THE PUBLIC Of SiNGAPOHf) Rights Issue of 3,098,333 shares of Ssl.oo each at a price of 551.55 per share managed and underwritten by Morgan Grenfell (Asia) Limited with the
      87 words
    • 158 5 COPYING BREAK-THROUGH on ordinary paper V 'A* 4ilP* ST? **'<■? 1 BP v* t- M 1 Private Limited JHy 30 Floor, Hong Leong Building, Singapore 1. Telephone *****33. Cable: WYMIC. Telex: WYLD RS *****. DT-1200 reiabffity ahead of its time We have ail been waiting for it Now it's here.
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  • 1966 6 SECTION ONE INDUSTRIALS Gr's Gr's 1976 Last div Div y'ld P/E Vol Day Hi«k Low Cotapaay Sale ♦Br- e'rr Hich Low 215 170 Acma 180 unch 12.0N 1.1 6.6 9.0 2 182 180 200 172 Alcorn 206 20.0 1.3 9.7 13.2 100 60 Allied Choc 89*4 +0*
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  • 1176 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 1.000 Units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett." Big Board
    1,176 words
  • 140 6 SINGAPORE UNIT TRUST? (Muifm' prkm far Oct 7) The Commerce 1.74 1.S3 The Saving Fund 0 96 1.03 8'pore Prof Fund 0.11 O.Mxd 8'pore Security Fund 1.28 1.34 Spore Invest Fund 1.07 1.11 INCOME BOND UNIT (Carnal prioMl INCOME BOND 1.07 1.13 MARA BUMIPUTRA FUND (Maaafar*' price* far
    140 words
  • 322 6 S'pore Govt 5 1/2fc Taxable Loan No 2 With A I 1975/lst Dec 1977 (1.000.000) (101.708 101 788) S'pore Govt 5 1/2% Taxable Loan No I With A I 1976/!sth Apr 1978 (1,000.000) (101.458 101.50S) S'pore Govt 6 3/4% Taxable Loan No I With A I
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  • 1134 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified industrials AJlnamata (1 .HOB 2.00 ft). A. Taw (0.40B). A. Chad. I0.UB).
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  • Page 6 Advertisements

  • 610 7 SENTIMENT remnined generally weak ia moderate tradiag at the Stock Exchange of Singapore yesterday. Operators were still wary sf opening new deals in the absence of any encouraging lead from overseas markets. There were, however, a handfiil of issues that held from steady to firm, mainly
    610 words
  • 446 7 THE Kuala Lumpur stock market drifted marginally lower yesterday on a' combination of light stop-loss and stale-bull liquidation. Tuesday's technical reaction which lifted values somewhat proved shortlived as shares opened on a decidedly easier note. There was a brief attempt at rally towards noon but this
    446 words
  • 837 7 NEW YORK: Stocks, opyatlnj in the shadow of a yiugglsh US economy, fed sharply on Tuesday, extending the decline to tfx consecutive >ssslon». Treasury Secretary, Mr. William Simon told a bankers meeting In Manila that a slower rate of economic growth in the United States can be expected
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  • 267 7 AMSTERDAM: Bhares were mostly firmer in calm trading on Tuesday. Internationals closed lower led by HOOGOVENS. AKZO was unchanged but other shares in the sector firmed slightly. Elsewhere transportations, banks, insurances. Industrials and trading stocks were firmer. Isolated losers were HVA, DELI, NATIONALS NEDERLANDEN, BOLS and AHOLD. State loans
    267 words
  • 202 7 FRANKFURT: The market stabilised on Tuesday, after Monday's poet-election losses and shares closed little changed In thin trading, dealers said. Motors and steels closed generally up to one mark firmer. Bonds on offer Increased and public bond prices fell up to 0.40 marks causing the authorities to take up
    202 words
  • 366 7 SYDNEY: the market closed lower on some selling pressure In sluggtth trading on Wednesday. dealers said. BHP fell 22 to $7.40. Auat Guarantee and National Bank shed eight cents each, while CBR lost six to $4.44. The Bank ot New Soutk Wales and Its rights eased, but Myers picked
    366 words
  • 314 7 JOHANNESBURG: Golds were quietly firm on Tuesday, although traders showed some hesitancy ahead of the afternoon gold fixing, dealers said. Prices rose sharply In the morning following news of the IMF review of gold auction policy. Financial minings were easier with Can Mia losing 100 cents to 2400. De
    314 words
  • 121 7 MANILA: Share prices fell marginally across the board on low turnover on Wednesday. Mining issues led the decline due to lower metal prices but oil issues were little changed ahead of results expected soon from various drilling operations, they said. OCT M Pesos Acoje Mining .017 unch Atlas Con
    121 words
  • 263 7 HONOKONO: The market closed sharply lower In more active trading on Wednesday, following the decline on Wall Street overnight and with no buying interest evident, dealers said. The Hang Seng index fell 5.41 points to 400.80. Turnover on the four exchanges soared to $45 42 million compared to $18.20
    263 words
  • 186 7 ZURICH: The market ctoeed quietly steady on Tuesday. The Credtt Sulaae Index moved 0.3 point higher to 207.6 OCT M Franca ActtonsSwtMM Alusulaat Br Aluauiaae Rm Brown Bml Br. ClbeOelty Br ClbaOetcr P8 at* Oetcr M. Credit Sulaee Br Credit Sulaae Reg BektrowattBr. HI ISM MO 1575 1300 1006
    186 words
  • 214 7 TORONTO: The Toronto market closed In moderate trading on Tuesday with most blue chips tak interactional losses and western oils, merchandisers and pipelines showtng bigger declines. Volume was 1.58 million compared with 1.01 million on Monday. oct at CI Abitibi IS unch Mean MH Algoma 23'4 Bank Mont IS*
    214 words
  • 295 7 PARIS: The market eased on Tuesday after the announcement that three main French unions called for a strike at the Bourse last Thursday, dealers said. Foods, metals and chemicals were sharply lower and most other shares lost ground, but banks, hotels and construction* steadied. In the foreign sector, Americans
    295 words
  • 106 7 BRUSSELS: The market was lower In very calm trading on Tuesday, dealer*. »ald. OCT 86 Frs FORWARD MARKET Acec Arbed Astur Brascari Bru-Lamb Canpac cock De Beers Ebe* Electrobel Ob-Inno-Bm Qev Hobok Petro Ryl Dutch Sidro SocOen Bel( Sollna Solvay A Tanks UMIn V Mont 316 3420 1196 466
    106 words
  • 127 7 MILAN: The market was generally lower, on Tuesday, Influenced by fears over the implications for Industry of tight government economic policies and expectations of higher interest rates, Bourse sources said. OCT N Lire Aoic 485 unch Assoc Oer\ ***** -50 Bailor 960 •14 Centrale 7460 -90 Fiat 1500 -33
    127 words
  • 81 7 OCT M Bahts Asia Fibre 1086 unch Bangkok Bank Ml -2 Bangkok Invest 131 unch Bangkok-Metro-politan Bank Bata 3218 Berll Jucker 153 -1 Charoong Thai 1448 -1 Wire Dumex DusltThanl Faber Merlin First Trust Indo-Thal 1858 unch J And J Ho 123 -I Jalaprathan 738 ♦1 Cement Karnasuta 348
    81 words
  • 387 7 TOKYO: The market declined sllchUy on Wednesday as blue chip* lost pound following tt* overnight mil ofi Wall Street, rtiiWiri aid. The market average lost 4.«3 to 4.U&.31 with volume of 210 million chares. The Tokyo S K Index closed at 3M.M, up 0.08. The second market was actively
    387 words
  • 644 7 LONDON. Wed. The stock market cloeed slightly off the bottom after a sharply lower session, dealers said. The renewed decline In sterling after the higher level of bank lendlnc and the uncertain industrial situation at British Leyland prompted the falls In small selling. At 3 p.m. t{ie Financial Times
    644 words
  • 85 7 FINANCIAL TIMES INDUSTRIALS Tuesday 319.3 Monday 323.8 Week ago 336.1 TINS Tuesday 124.99 Monday 121.74 Week ago 116.89 RUBBERS Tuesday 479.91 Monday 474.85 Week ago 471.12 OILS Tuesday 336.97 Monday 340.41 Week ago 353.43 DOW JONES AVERAGE INDUSTRIALS Tuesday £66.76 Monday 977.98 Week ago 994.93 LONDON DOLLAR PREMIUM Tuesday
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  • Page 7 Advertisements
    • 304 7 Ves, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasarmalam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, W entertaining in a wholesome way, highly educational quite unlike the type that merely appeals to
      304 words

  • COMMODITY REPORTS AND PRICES
    • 606 8 A BURST of nervous shortcovering, possibly Influenced by Thailand's internal problems, boosted K" :es in the Singapore rubmarket yesterday. November RSS one rose to a peak of 207 cents after opening at 204.50 cents. Trading was moderate. October RSS one buyers finished the morning at 204.50 cents per
      606 words
    • 101 8 DAILY SSR and SMR prices at noon yesterday: R.A.9. Oct. Not. (Camat Mth) (Forward Mtfc) Buyers Mlsrs Buyers Seller* (easts per k<) <«es its P«r kg) SSR 20 (1-ton Pallets) 186.00 188.00N 187.00 188.OON SSR SO (1-ton Pallets) 183.50 189.SON 184.50 U6.50N M.R.E.L.B Now. DK. SMRSCV (1-ton
      101 words
    • 252 8 THE Straits tin price in Penang yesterday remained unchanged at $1,200 per picul on an official offering up 231 tonnes to 655 tonnes. The overnight London metal price slipped £4 to £4987 per tonne according to Its forward buyers' quote. LONDON, Wed. Tin advanced by £80 for Cash
      252 words
    • 31 8 Robber: Oct. t. Singapore: Oct. 204.50 cU. (up 4.00 cU.) Malaysia: Nov. 211.00 eta. (up 4.00 eta.) Tin: $1,200 (up 50 cents) Official offering: 655 tonnes (up 231 tonnes),
      31 words
    • 219 8 QUIET and dull conditions prevailed in the Singapore gold market yesterday with no new factors to influence the market. The kilo bar was quoted at 559,190 and closed at $9,150. The London quote was virtually unchanged during the day at US$ll5/115.40 and the morning fix was U*****.75 up 30
      219 words
    • 234 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY Coconut Oil: Bulk 871 sellers, old drum 876 sellers, new drum 881 sellers. Copra. Mixed (loose) UK/Cont 845 buyers. Pepper: Muntok AST A white fob. 100% NLW 8292* sellers. SARAWAK white f o b. 96% NLW 8277* sellers.
      234 words
    • 398 8 LONDON, Wed. Copper wlrebars finished with minor losses of £1 per tonne for Cash and £0.50 for Three Months. The market displayed overall steadiness from covering against currency considerations and pockets of European physical offtake in the morning tended to offset the rather poor performance of New N York
      398 words
    • 215 8 LONDON, Wed. Silver recorded gains of o.Bp to 3.0p per troy ounce. The overnight performance at New York was pushed aside on a market Influenced by currency considerations, dealers said. Values were marked up at the outset on weak sterling and values thereafter held around the higher levels In
      215 words
    • 71 8 LONDON, Wed. Zinc was £0.50 down for Cash and about £0.25 up for Three Months. This metal fell back from a pre-market high of £433 per tonne for Three Months under light liquidation and hedge selling which, some dealers felt, partly reflected the half cent per lb reduction by
      71 words
    • 104 8 LONDON, Wed. Lead was about unchanged for Cash and tO. 50 higher for Three Months. The market was well maintained on currency' considerations and the general tone although the recent buying Interest appeared to have lost some of its Impetus, dealers said. Three Months traded up to £305 per
      104 words
    • 109 8 LONDON. Wed. Terminal opened steady but dealings were rather thin which dealers felt reflected lack of fresh sugar news coupled with currency uncertainties. At the end of the opening call, values were £0.60 lower to unchanged. Sales totalled 726 lots. In NEW YORK on Tuesday, In quiet mid-afternoon dealings,
      109 words
    • 111 8 HONGKONG, Wed. The market was steady with prices up 30 cents to 80 cents. The day's turnover totalled 371 tons comDrtslng Thais 109, Kwangtungs 176 and Australia* 86. Arrivals were from Australia 327 tons and Kwangtung 436. Closing prices.: Thai white 100 per cent old crop Ist class 109.50
      111 words
    • 35 8 LONDON, Wed. The Robusta terminal at the opening call was irregularly higher with speculative buying and shortcovering interest pushing all prices to new highs before profit taking halted the advance. Sales totalled 272 lots.
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    • 62 8 The Malaysian Minister of Finance has fixed these rates for the period from Oct. 7 until further notice: Rubber 88% cts a lb. Copra $720 a ton. Palm kerne) $235.25 a ton. The rates of duties payable are: Rubber 9% cts a lb. (Surcharge sVfc cents a lb).
      62 words
  • MONEY AND EXCHANGES
    • 598 8 THE Singapore domestic money market saw Interest rates fall as a flush money situation reappeared In the Interbank system yesterday. Opening at 3Vt per cent level In the morning, overnight funds saw few initial deals transacted at that level as the rates continued their decline throughout the day. Before
      598 words
    • 158 8 Asian rates ASIAN currency deposit interbank a I at close on Oct. U8 Dollar* (Spot) Offer Bid 7 days 4 V4 4 5/8 1 mth S 1/16 4 15/16 2 mths 3 mths 5 5/8 5 1/2 6 mths 5 7/8 9 mths 6 5/1# 6 3/16 12 mths 6
      158 words
    • 50 8 RANGE of price* offered by discount houses on Oct 6 Overnight 2ft 3ft Call deposit 3 to 3 ft* CMm Buysell 3- Month Treasurer bills 33/16 31/1* 3-Month Bank bills 4 V8 41/4 3-Month CD 4 9/1# 4 7/16 6-Month CD 9 4 7/8 Source: National Discount Co.
      50 words
    • 147 8 Euro rates LONDON, Tues Trading In Eurodollar deposits was initially quiet, dealers said. Fixed dates opened lower reflecting the Friday dealing technicality while short dates were also easier because of the US Colombus Day holiday on October 11. The weekend rate was quoted at 1-7/8 1-3/4 while the week opened
      147 words
    • 39 8 THE Monetary Authority of Singapore (MAS) invites banks and discount houses to tender for a total of $40 million 91-day Treasury bills from Oct 11 to Oct 15. Each tender must not be less than $250,000.
      39 words
    • 50 8 Minimum lending rates (in Citibank HKS8C 7' lrxJo»u«z Moloyon Bonking 4 Mitsui Bonk OCBC OUB j Alg*r*n« Bonk Bangkok Bonk Bonk of Amtrica Bonk ot China Sank of Tokyo Bonk Nagora Indonsuo 7 7V* 7 7 V4 7 7 1 .7 UCB 7V DBS Firtt Chicago 7 UM8C 7\ uoe
      50 words
    • 208 8 Reuter TOKYO, Wed. Japanese steel makers are proposing to US collieries to conclude longer term supply arrangements for US steel-making coal to Japan, instead of the present annual Import deals, a Nippon Steel Corp spokesman said. He said a negotiating group from the Industry has
      Reuter  -  208 words
    • 156 8 Reuter DACCA, Wed. Bangladesh will host a sevennation conference on Jute to be held here from October 7 to 10 aimed at working out a collective strategy to maintain world Interest in Jute and allied fibres. The meeting, sponsored by the UN Economic and Social Commission
      Reuter  -  156 words
    • 527 8 LONDON, Wed. Sterling extended an overnight decline In US trading and fell more than two cents below its London closing level In early trading, touching U551.6410/30, while the mark led European currencies In a rise against the dollar. The Bank of England's effective sterling depreciation rate widened to a
      527 words
    • 239 8 NEW YORK, Wed. The dollar closed weaker as the mark, aided partly by sterling's liquidation and renewed expectations of a European joint float realignment, firmed sharply, dealers said. Sterling's drift lower in Europe accelerated in the thin market here, helped by squaring of long sterling Eositions off-loaded by
      239 words
    • 123 8 TOKYO, Wed. The dollar for overnight delivery closed firmer at 287.80 yen, compared with 287.35 at the opening and at Tuesday's close. It firmed In fairly active trading on covering to meet Import settlement needs, with slow sales of dollar export bills by traders to banks, dealers said. Belief
      123 words
    • 33 8 HONGKONG banknotes quoted on Oct 6: US 4.85/4.87 UK 8.05/8.15 Burma 2.00/2.50 India 4.40/4.70 Indonesia 1.12/1.16 Japan 1.685/1.695 Korea 0.90/0.95 Philippines 0.595/0.625 Singapore 1.96/1.98 Malaysia 1.92/1.94 Brunei 1.925/1.945 Thailand 24.30/24.60 Taiwan 12.35/12.65.
      33 words
    • 50 8 AUSTRALIA/NZ exchanges quoted on Oct 6 Australia: Sterling 0.7555/0.7477 US dollar 1.2442/1.2392 Ninety day air mall buying rates: Sterling 0.7883, US dollars 1.2726 Ninety day forward buying rates: Sterling 0.7665, US dollars 1.2281 New Zealand: Sterling 0.5870/0.5836 US dollar 0.9811/0.9711 Ninety day forward rate Sterling 0.6300, US dollar 1.0008
      50 words
    • 39 8 ZURICH exchanges quoted on Oct. 5 US 2.4548-4558 UK 4.0815-0855 Can 2.5180-5200 W'germ 100.36-45 Neth 96.24-34 France 49.73-78 Belg 6.55-3/4-57 Denm 41.69-74 Norw 46.14-17 Swed 57.66-71 Italy 0.2911-2919 Austria 14.14-17 Port 7.8790 Spain 3.61-1/2-62 Arg 1.25-2.25 Japan 0.85-1/4-85-3/4
      39 words
    • 305 8 LONDON, Tues. Straight bonds were steady In quiet trading, dealers said. Prices were virtually unchanged with Inquiries slow to develop. Dealers said operators may be holding back to see If activity in the primary sector will pick up. Convertible bonds were similarly dull with mixed trading in Japanese
      305 words
  • Page 8 Advertisements
    • 132 8 OPERATION 6 mi the Entebbe raid EXCLUSIVE STORY OF WHOLE ENTEBBE AFFAIR MOST EXCITING FEAT OF ARMS FOR DECADES. PROVIDES FACTS NEVER BEFORE REVEALED. A PENGUIN SPECIAL. K the raid which amazed the world by its expertise and daring. Then comes the fascinating account of those preparations, which took four
      132 words

  • 759 9  -  By ARTHUR SANIDLES Financial Times AIRLINES throughout the world are facing ♦government and travellers with three choices for the next few years. Fares must go up, governments will have to pUmp more money Into the Industry, or private airlines must be nationalised. The alternative
    Financial Times  -  759 words
  • 401 9 Reuter TEL AVIV, Wed. An Israeli engineer has designed what he claims Is the world's first solarpowered car, and predicts that In 10 years the country will be dotted with fuel stations where drivers will fill up on sunshine. The small, two-seater car looks
    Reuter  -  401 words
  • 368 9 THE NMt Am ever the arspissl 50 per out natal hike by the Juroag Town Corporatioa ■kinrtrdi •bated i—iwkt with JTC*s fcririw to lower it by half. Bat right on the tip of eae's toagw to the queetien whether eves a 25 per cent
    368 words
  • 499 9 SHIPS WILL BE DIVERTED TO STORE PROM OCT 15 TO 30 PORT KLANG container wharves will be closed from Oct. 15 to Oct. 30 (or repair work on wharf piling. Endk Harun Din, deputy director-general of Port Klang, said all container consignments
    499 words
  • 76 9 BIX Alaskan native corporations and Seatraln Lines Inc. have formed a Joint venture to transport petroleum products between Alaska and the lower forty-eight states of the United States. The new company, Alaska Consolidated Shipping Inc., Is owned 51 per cent by the six Alaskan native core rations and
    76 words
  • Article, Illustration
    173 9 IN KEPPEL WHARVES: Altalr 33/4, Chen? Vllja (B. Barge) 48, Golden Source 25, Hongkong Burety 38/39, Jalakanta 48, Kenlngau 20, Perak 21 East, Ocean Hope 8/7, Rajah Brooke 21 West, Sun Bright 8/9, Welsh Troubadour 27/28. CONTAINER PORT: Maersk Rando 52, Prlmorle 52. SEMBAWANG PORT: Bagus B/5,
    173 words
  • 76 9 AP JAKARTA, Wed. Italy and Indonesia signed a new air agreement yesterday allowing the two countries' flag carriers, Alitalia and Oaruda Indonesian Airways, each two overflights and two landings a week In Rome and Jakarta. Director General for Air Communications Kardono said the talks, which started last
    AP  -  76 words
  • 42 9 AP. TOKYO, Wed. The Japanese Shipowners Association said today It has asked the Transport Ministry the lodge "a stern protest" with the Australian Government for the blocking of four Japanese freighters from leaving Newcastle Port by Australian dockworkers recently.
    AP.  -  42 words
  • Page 9 Advertisements
    • 659 9 Confront Singapore's decision makers in Business Times for only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who
      659 words

  • 861 10  -  By LEE SIHO Reuter SOUTH Korean Government economic planners are pondering what they should do w}th a dazzling growth rate this year which has beaten all prediction and upset official planning. All signs are that this year's growth will be close to the level
    Reuter  -  861 words
  • 512 10  -  By TERRY STAYTE Reuter SOARING world coffee prices are making the primitive coffee-growing hillmen from villages in the western highlands of Papua New Guinea some of the wealthiest farmers in the country. The price Increases have been caused by the devastation of
    Reuter  -  512 words
  • 743 10  -  By BERNARD WEINRAUIS NYT OUNNAR Myrdal says that the recent Swedish elections are Irrelevant. He Insists that the Swedes are buoyant and happy people, that the welfare state has produced genuine contentment and that the nation's critics are often fools. The feisty
    NYT  -  743 words
  • 562 10  -  By DIANE HENRY NYT AFTER six years as a government lawyer on Capitol Hill with the small business administration and the Department of Agriculture John Albert Knebel decided last year that he had had enough, and he was going to return to a more lucrative
    NYT  -  562 words
  • 469 10  -  By JUAN DE ONIS NYT ARGENTINA Is making a rapid comeback from the economic anarchy of six months ago, when the armed forces overthrew President Isabel Martlnee De Peron. The industrial recession that rocked manufacturers between May and July, when demand fell by up to
    NYT  -  469 words
  • Page 10 Advertisements
    • 363 10 The first new idea in encyclopaedias in over 200years-Britannica 3 Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. (see below) That's what makes it the most useable reference work ever developed. That's why Britannica 3
      363 words

  • 872 11 THE IMF WORLD BANK TALKS IN MANILA YESTERDAY NYT MANILA, Wed A broad spectrum of developing countries represented at the International Monetary Fund-World Bank Conference this week believe that having agreed to a wide range of compromises in the Jamaica agreements early this year
    NYT  -  872 words
  • 144 11 UPI THE IMF announced today the fourth auction of gold for the IMF trust fund will be held Oct 27. A spokesman for the fund said terms and conditions for the fourth auction will closely follow those of the third, at which the average bid
    UPI  -  144 words
  • 334 11 Reuter POLITICS intruded today in the business of the World Bank and IMF conference, with a Pakistani call for the expulsion of Taiwan and the usual boycott of Israel by the Arab nations. But there was no emotionalism and no t me was wasted. The
    Reuter  -  334 words
  • 126 11 UPI. THE World Bank yesterday elected six new executive directors and re-elected nine others. The new directors are: Mr. Said El-Naggar of Egypt, Mr. Julio Gutierrez of Paraguay, Mr. A. Looijen of the Netherlands, Mr. Einar Magnussen of Norway, Mr. Eduardo Pesqueira of Mexico and Mr. Timothy
    UPI.  -  126 words
  • 378 11 Reuter PAKISTAN today told world financial leaders that the oil exporting countries are giving a more generous share of their wealth in development aid than the industrial countries. Pakistani Finance Minister Rana Mohammad Hanif Khan said the Organisation of Petroleum Exporting Countries (Opec)
    Reuter  -  378 words
  • 250 11 Reuter AUSTRALIAN Treasurer Phillip Lynch called on both rich and poor nations to apply more discipline in the way they managed their economies and warned that available international aid was not bottomless. Speaking at the joint annual meeting of the IMF and World Bank,
    Reuter  -  250 words
  • Page 11 Advertisements
    • 249 11 APPOINTMENTS K Consultants (Pte) Ltd. a A itwdMi ot th# Sp*nc*r Stuart Group of CompaniM SENIOR MARKETING DIRECTOR Reference 137-1 A substantial, long-established organisation distributing a large and diverse range of consumer products in Singapore and throughout Malaysia seeks to appoint a top flight marketing man to strengthen its senior
      249 words
    • 643 11 APPOINTMENTS LEAOING PROPERTY DEVELOPMENT ORGANIZATION INVITE APPLICANTS FOR THE FOLLOWING POSITION S.1. SENIOR ADVERTISING EXECUTIVE Must have at least five (5) years experience in advertising preferably in both English and Chinese. Candidates should be able to handle independently press release, newspaper advertisements, edit and publish advertising booklets, pamphlets and brochures.
      643 words
    • 626 11 JKI i L 1 a BRIGHTER FUTURE in ACCOUNTANCY with FOULKS LYNCH Founded over a century ago, Foulks Lynch the specialists in accountancy education have tutored over 150,000 students around the world to success in the various accounting examinations. You too can be one of them. Now FOULKS LYNCH courses
      626 words
    • 431 11 THE TRADE MARKS ACT (CHAPTER 3K) This advertisement appears by directions of the Registrar of Trade Marks under the Provisions of Section 42(7) of the Act. NOTICE Is hereby given thai the following Trade Mark registered in the name of Estee Lauder Cosmetics Ltd., of 207 Queens Quay West. Toronto,
      431 words

  • 468 12 SLATER, Walker Securities, a name which has stood In Its time for the very best In Investment reputation and the worst in financial mismanagement, is a name which is to be consigned to the history books. If shareholders approve the proposal to be put
    468 words
  • 306 12 UPI AP JOHANNESBURG. Wed. Arrangements to set up an interim government for Rhodesia were "on course" and Rhodesia's black and white leaders have agreed to a date and venue, a senior British Foreign Office envoy said yesterday. Mr Ted Rowlands. British Foreign Office Minister
    UPI; AP  -  306 words
  • 169 12 DESPITE the doomsayers, Singapore's property sector had consistently enjoyed buoyant conditions in the first eight months of this year, if figures just released by the Statistics Department are anything to go by. Housing loans made by finance companies increased from $370 million in January
    169 words
  • 158 12 THE Far Eastern Freight Conference (FEFC) is planning to nominate Neptune Orient Lines (NOL) as a percentage line. Under the present scheme, NOL is a fixed term line in the Conference. This new scheme, if implemented, will allow NOL to carry more trade between
    158 words
  • 120 12 NST PENANG, Wed. Sabah and Penang may set up several joint ventures, senior state executive councillor Datuk Teh Ewe Lim said today. Two of them might be in Sabah and one in Penang. Datuk Teh said that Sabah's Minister of Manpower and Environmental Development, Mr.
    NST  -  120 words
  • 699 12 HON COMPLAINS OF FALL-OFF IN LOANS THERE Is considerable concern In Singapore over the drying up of aid from the international aid agencies. Underlining this concern was Finance Minister Hon Sul Sen who complained to the International Monetary Fund and World Bank conference
    699 words
  • 243 12 Reuter AP UPI KUWAIT, Wed. Indonesia has suggested that an extraordinary meeting of oil ministers be held here to check trends of pricecutting in the oil market, the Kuwait Times said today. The newspaper said the suggestion was made in a note from
    Reuter; AP; UPI  -  243 words
  • 346 12 KUALA LUMPUR, Wed. Malaysian traders who are members of the Associated Chinese Chambers of Commerce and Industry have decided to boycott the Pernas-organised mission to the Canton autumn trade fair. This will mean that the Pernas mission this year will be the smallest in years to
    346 words
  • 229 12 ARRIVALS DEPARTURES FROM PAY A LEBAR AIRPORT Singapore/London/Singapore A D SQ 743A 2030 1100+ QF1 2145 1025+ BA 889 2230 0725+ OA 472 0150 1330 SK 988/BE 607 0745 2005 TO 414/JI465 1810 0725+ TG 982/TG 900 1915 0750+ MH 654/MH 894 1930 0800+ QF1/GF131 2145 0645+ Singapore/Manila/Singapore D A
    229 words
  • 422 12 MALAYAN Credit has put $30 million on deposit with the Moscow Narodny Bank at varying interest rates, according to Informed sources. This is believed to be part of the $33.5 million loan which Malayan Credit recalled from businessman Mr. Ng Teng Fong last month
    422 words
  • 34 12 AP MIRI Wed. Sarawak Shell resumed oil prospecting surveys on land in several areas today. The week-long seismic surveys will be carried out at Lutong, Pujut, Plasau Beach and Sungel Mirl. AP.
    AP  -  34 words
  • 312 12 Reuter LONDON. Wed. Annual world production of tinplate la likely to rise to 16 million tonnes In the early 1980's from a yearly average of over 13 million tonnes In 1971-75, International Tin Council (ITC) statistician Mr. A. La Spada told the first International
    Reuter  -  312 words
  • 151 12 NST KUALA LUMPUR. Wed. International oil tanker owners and oil companies using the Straits of Malacca are expected to reply soon to the Malaysian Government's call for a meeting with them to discuss compensation for damage caused by oil spills. According to
    NST  -  151 words
  • 210 12 A PRELIMINARY proposal for the Stock Exchange of Singapore to train Kenyan stockbrokers was made by the visiting chairman of the Nairobi Stock Exchange, Mr. Francis Thuo. He said this was made when he met SES officials yesterday. After his visit to the
    210 words
  • 30 12 Reuter KARACHI, Wed. Sri Lanka will buy 100,000 tonnes of rice from Pakistan according to an agreement signed here today. Shipment of the rice will start next January.
    Reuter  -  30 words
  • 435 12 KUALA LUMPUR, Wed. British industrialists hope the Malaysian Government will exercise "patience and tolerance" In reconstructing their businesses in Malaysia. This message was conveyed here yesterday by the London Stbck Exchange chairman, Mr. Nicholas Ooodison, who is on a fiveday visit to assess
    435 words
  • 34 12 ROBIN Shipyard Is being sued by Leun Wah Electric for $57,674. A suit for the amount was filed in the High Court yesterday, allegedly for goods sold and delivered to the shipyard.
    34 words
  • Page 12 Advertisements
    • 50 12 GENERAL mm ELECTRIC mm* id protect valuable goods and personal belongings from damage due to high humidity wmmm DH 20 $490 Automatic humidity sensor Automatic overflow shut-off Low operating cost No installation cost Occupies only 34 x 47 cm. floor space Fflft|| AT|lfll| 60 ORCHAR D ROAD BBS™" m *****2
      50 words
    • 355 12 150 th Anniversary of Joh. Achelis Soehne, Bremen During this month the Parent COMPANY OF ACHELIS SINGAPORE PTE. LTD. looks back to 1 50 years active engagement in import, export and general trading. In 1826, the Merchant, Johann Achelis of the Free and Hanseatic City of Bremen, started the Company
      355 words