The Business Times, 9 October 1976

Total Pages: 12
1 12 The Business Times
  • 9 1 BUSINESS TIMES M.C.(P) 1455/76 SATURDAY, OCTOBER 1976 50 CENTS
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  • NEWS SUMMARY
    • 97 1 AP BRUSSELS, Frl. The Common Market Commission yesterday, proposed to European ministers of Agriculture a plan to cut a huge community milk surplus, Including taxes on milk production and imports of vegetable oils and fats, subsidised milk to school children and the slaughter of 2.5 million COWS.
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    • 75 1 AP KUALA LUMPUR, Frl. The United Nations Development Programme will give US$2O million (Ss49 million) to help Malaysia meet the foreign exchange costs of 28 projects under the Third fiveyear Malaysia Plan (1976/1980). The aid is provided under the "UNDP second technical assistance programme to be
      AP  -  75 words
    • 67 1 UPI MANILA, Frl. The Philippine Government's chief lawyer today asked the Supreme Court to throw out a petition of opponents of the martial law regime, to stop the Oct 16 national referendum and plebiscite. Solicitor (Attorney) General Estellto Mendoza, in day-long arguments before the court, said
      UPI  -  67 words
    • 76 1 Reuter JAKARTA, Frl. Indonesian President Suharto and visiting Australian Prime Minister Malcolm Fraser tonight expressed their determination to keep South-east Asia and the Indian Ocean free from competition between the super powers. President Suharto, speaking at a banquet in honour of Mr Fraser, also touched on the East
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    • 46 1 AP MANILA, Frl. The Government of newly united Vietnam said today it could get hundreds of millions of US dollars for rehabilitation from US banks in frozen Vietnamese assets and accounts including funds from such South Vietnamese exleaders as former Premier Nguyen Cao Ky.
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    • 44 1 UPI NEW YORK, Frl. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 963.68, down J.4IJ 20 transp 211.84, up 0.82; 15 utils 98.57, up 0.15; 65 stocks 304.17, up 0.12. UPI
      UPI  -  44 words
  • Chief Price Changes
    • 203 1 SHARE prices yesterday finished generally a shade lower in light trading in the Singapore stock market which continued to be dominated by sellers. Reflecting the weak conditions, the Business Times index slipped 1.39 points to 260.21 and the Straits Times industrial index 1.23 points to 262.30. Foils
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    • 126 1 Foils Most active J. Kuan tan Pan Electric SI.85 -.15 Pan Electric 206,000 SI .81 -.12 General Lumber 129,000 P.M.C. $2.96 -.10 97,000 Bo us lead Sime Darby S3.60 "-.06 Malayan Credit 95,000 Rothmans S3.22 -.06 Shell S3.50 -.06 Total Turnover: 1.51 M U.O.B. S3.06 -.06 Total
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  • 876 1 TREAT FOR INVESTORS BEFORE YEAR'S END? STOCK investors and speculators here are in for a new treat before the end of the year. It is reliably learnt that options will be introduced as another form of Investment in the not too distant future if
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  • 1033 1  -  •y SOH TIANG KING MANILA, Fri. After five days of debate on the current health of the world's economy and prescription to Its ills the World Bank-International Monetary Fund meeting ended today on a relaxed note. Not surprisingly, delegates did not see eye to eye on
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  • 215 1 LONDON, Fri. Interest rates on bank loans and house mortgages leapt today, affecting the personal budgets of millions of Britons following the new credit squeeze launched by the Government yesterday. The Building Societies' Association recommended its members to raise mortgage rates on house
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  • 235 1 BRIGHTON, Frt. Conservative opposition leader Margaret Thatcher today called for a national crusade to keep away the Labour Government, saying it had become "the big spender of Europe" and had almost bankrupted Britain. Mrs. Thatcher clearly showed that she did not believe the
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  • 166 1 Reuter LONDON, Frl. Former Prime Minister Sir Harold Wilson will conduct a wideranging review of British financial institutions and their value to the economy, it was announced last night. Mr. James Callaghan, who took over earlier this {rear as Prime Minister and eader
    Reuter  -  166 words
  • 809 1 THE Government yesterday announced the issue of another $500 million worth of bonds. Together with the $750 million raised in April and $400 million In July, this makes the largest total amount ever raised in any fiscal year. True to its pledge to
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  • 21 1 ADELAIDE, Fri. The Adelaide Stock Exchange said It suspended quotation of Poseidon shares at the request of the company.
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  • 42 1 THE Comptroller of Income Tax here has filed a suit for 51,291,390 in the»High Court this week against Ang Kai Kok. The suit against Mr. Ang, believed to be a property developer, was allegedly for money due for income tax.
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  • Page 1 Advertisements
    • 51 1 CALVET SEE PAGE 12 =~,${%-=')!^<[&^%@!(${`:;/+%<=% INSIDE Market round-up Pg 2 Overseas\Features Pf 3 Local Co. News Pg 4 Foreign Co. News Pg 5 Local Stocks Pg 6 Overseas Slocks Pg 7 Commodities Pg 8 Transport Communications Pg 9 Features Pg 10 News ft Features Pg 11. Foreign ft local News
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    • 17 1 Everything beautiful. Comfort Design Styling Road Holding Handling Space Economy Air-Con Ability Price m What a beau
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    • 76 1 THE PERFHTIIVESTMENT The 8-Year Old Scotch* the heart of the Scottish Highlands, Glenfiddich is distilled in handbeaten pot stills. Then matured in oaken casks for eight years or more; until it is judged supremely smooth and mellow. •u Aye, it may cost a little extra. But as you sip, remember
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  • 1339 2  -  In London Br IVAN FALLON Gty Editor CiimXlW TAUaMBR Reuter LONDON, Frl. All the worst predictions for the London stock market have come true with a horrible bang this week. The respite gained by Chancellor Denis Healey's desperate last appeal to the
    Reuter  -  1,339 words
  • 154 2 OIL ihtrn put m one ef their best pwfirmsans en the Sydney Stock Exchnngo this week. The Market generally continued to take a relentless pounding, as buyers reaaixd am the sidelines waiting far a lead during the holiday ikirtieil wash. The lead was prsvidsd by the ladastrial Assistance
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  • 441 2 THE Kuala Lumpur Stock Exchange took another beating this week as sellers dominated most of the trading sessions. The easier tendency of last week continued without much relief and losses averaged two per cent over the five trading days. This Is reflected In a 5.50 point fall
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  • 597 2 BEARISH forces Intensified and exerted a strong pull on prices at the Stock Exchange of Singapore this week. Until the close yesterday there appeared to be no relief In sight as the bulls maintained a low-key posture In the absence of encouraging news both at home and abroad.
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  • 329 2  -  'fmmdmw RONALD LAM RIGHTS ISSUES Acma Electrical Industrie*: Rights Issue of 6,406,250 SSI shares at par on the basts of one-for-one. Bovit South East Asia: Rights issue of 14.25 million MSI shares at par on the basis of one-for-two. OTHER ANNOUNCEMENTS Far
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  • 523 2 Reuter. BANGKOK, Fri. Thailand's new anti-commu-nist military regime today set up Its administrative framework and called In civilian advisors to help It govern the country. Announcement of the 24man ruling administration reform committee (ARC), embracing most of the country's key military men, came two days
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  • 329 2 Reuter M ANIL A Frl. The Secretariat of the Organisation for Economic Cooperation and Development has revised downward Its projection for the growth in real Oross National Product of member countries In the second half of this year from around five per cent to about
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  • 29 2 TOKYO, Frl. Japan suffered Its second largest number of bankruptcy cases in September with a total of 1,357 firms becoming Insolvent. a leading credit research centre reported yesterday.
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  • Page 2 Advertisements
    • 294 2 V n MM The three bosk needs and the three ports of Britonnica 3 1. To get at the facts oftan a single fact easily and quickly, without having to raad a long article in -which that fact is embedded. This need is served by the 10-volume Micropeedia, or Ready
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  • Page 2 Miscellaneous
    • 274 2 SINGAPORE 5 p.m. Opening announcements followed by Sesame Street Saturday Matinee "Lucky Stiff" Starring: Dorothy Lamour, Brian Oonlevy, Claire Trevor What's My Line Debate for Tertiary Institutions 76 (4th (kiarter final) (English) (r) Sandiwara (r) "Kasih Tanpa Rela" The Rookies "Reign of Terror" Dendang Remaja (Malay) (Last in series) News
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  • OVERSEAS
    • 193 3 Reuter FRANKFURT, Frl. Mercedes Automobil Holding AG (MAH) 50 mark nominal shares were officially introduced on the Frankfurt bourse at 300 marks, the same rate as the last unofficial quote, bourse sources said. Deutsche Bank said the 150 million marks nominal of shares introduced
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    • 106 3 Reuter TOKYO, Fri. Japan's August unemployment rose 4.0 per cent to 1,030,000 from 990,000 in July, when it declined 4.8 per cent from June, the Price Minister's Office said. The office said the August total was also up 8.5 per cent from 950,000 in August
      Reuter  -  106 words
    • 75 3 Reuter OSAKA, Fri. A Japanese shipbuilding industry mission will begin a 10-day visit to China on Nov 5 to seek closer relations and cooperation in this field. The Kansai chapter of the Japan International Trade Promotion Association, which is organising the mission, said that Mr. Takao Nagata,
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    • 46 3 Reuter PRETORIA, Fri. Subscriptions for the South African 11 per cent 20-year local registered stock totalled 180.2 million rand, the Treasury said. It said the public debt commissioners subscribed 40 million rand of the total and all applications were allotted in full. Reuter.
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    • 732 3 Reuter LONDON, Frl. Producer requests for an upward revision in the price ranges In which the International Tin Council (ITC) buffer stock can operate will be the main issue at next week's ITC Council meeting, informed sources said. Bolivia has already
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    • 193 3 Reuter LONDON, Fri. Available statistics indicate that in 1976 US mill shipments of tinplate will be over five million tonnes, Mr. Joseph Long of the Tin Research Institute said. In remarks prepared for delivery at the first International Tinplate Conference he said consumer supplies have been
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    • 569 3  -  By PATRICK MASSEY Reuter BY THE END of the decade Britain's offshore oil could be earning each year more than double the US$3.9 billion now being sought by tiie government from the International Monetary Fund. Government ministers draw comfort from this official forecast as
      Reuter  -  569 words
    • 116 3 Reuter PANAMA CITY, Fri. Paand the United State* will NOMi their stalled talks ea the future of the Panama Canal before the Amorican elections. Panama had accused the U8 of putting the nogotiations into abeyance since last May because the canal had become an issue
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    • 36 3 Reuter ZURICH, Fri. The Norwegian power company Slra-Kvina Kraftelskap will float a 20 million franc 5-3/4 per cent 15-year loan on the Swiss bond market from Oct 14 to 19, secondary market sources said. Reuter.
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    • 285 3 Reuter TOKYO. Fri. Shell Oil Company said it Is not relaxing Its efforts to reach an agreement with Malaysia to produce liquefied natural gas (LNG) in Sarawak for export to Japan. A Shell spokesman, commenting reports in the local press that the project might be
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    • 116 3 Reuter TORONTO, Fri. Prime Minister Pierre Trudeau Mid Canada's wage and price control* will continue for tome time. In a preview at a business conference of the speech from the throne scheduled to open Parliament on Tuesday, he said the government must encourage higher domestic
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    • 143 3 Reuter. TOKYO, Frl. Bankruptcies In Japan totalled 1,357 cases In September com-* pared with 1,289 In August and 1,039 In September last year, the Tokyo Commerce and Industry Research Company said. It attributed the Increase to a slowdown in economic recovery in Japan and endterm
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    • 90 3 Reuter CANBERRA, Frl. Australia's seasonally adjusted visible trade surplus widened to A 5243 million in September from a revised A 1143 million In August, compared with a AS66 million surplus in September 1975, preliminary figures from the Statistics Bureau show. Exports totalled A 5943 million against
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 504 4 Current Ex Date Total for 1 2 payment Date payable tlMjTMr previous year G.E. Life 9% Sept 27 Oct. 9 9% 20% Hume (M) 9% Sept. 15 Oct. 9 15% 15% Hume (FE) 5* Sept. 21 Oct. 11 9%a 7% a Aust. Amal 40% Sept. 21 Oct. 12
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    • 544 4 REFLECTING the after effects of the recession in the building industry, two tile works one on each side of the Causeway are bracing themselves for further losses in the current year. They are Singapore Ceramics and Fancy Tile Works both of which have
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    • 58 4 SUNGEI Way Dredging said shareholders approved a proposed name change to Supreme Corporation at an extraordinary general meeting on Oct 1. Shareholders also approved a change in the company's Memorandum of Association to reflect its diversification of activities and an increase in the
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    • 659 4 DESPITE a buoyant Increase in loans and advances. Singapore Finance suffered a marginal profit decline In the year ended April 30, 1976. Loan demand Increased by 24 per cent to $70.1 million but group pre-tax profit slipped by 3.3 per cent to $3.4 million. This
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    • 441 4 THE latest Information from Thailand indicates that the Thai authorities have approved the renewal of a lease over part of Southern Kinta Consolidated's tin dredging area at Takuapa, Southern Thailand, according to the company. The company's sub-lease agreement is now belne processed by the local
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    • 262 4 ACE, sole distributors of Dalkln.. air conditioners for Singapore, Malaysia and Brunei recently sent two of their senior staff to Dalkln factories In Osaka. Japan for a threemonth training course. They are Mr. Tan Woo Ser ind Mr. Chua Peng Cher. Mr. Richard R. Skow, appointed as
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    • 366 4 HARD on the heels of the rights Issues by United Overseas Bank and Bovls South East Asia, Acma Electrical Industries has announced a one-for-one Issue at $1 par with a difference. Unlike the earlier two Issues, Acma's rights, which contains a big bonus element of
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    • 862 4 KTYT LONDON. Fri. The British Government slapped harsh and unprecedented restraints on its ailing economy yesterday. They were the boldest effort yet to protect the pound and to salvage an economic policy that has suddenly shown signs of coming undone. The severity of the
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    • 97 4 Reuter TOKYO, Frl. Nippon Steel said It kindled a 5,070 cubic metres blast furnace at its Olta Works in Western Japan. It originally planned to complete the 300 billion yen furnace by February this year, but it put off its startup until Wednesday in view
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    • 64 4 Reuter MILAN, Fri. Montedison said It plans to take a minority stake alongside the Egyptian state oil concern In a company to be set up to develop an Egyptian petrochemical Industry near Alexandria and In the Suez Canal Zone. Montedison will supply technological know-how, plants and management and
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    • 217 4 Reuter HONGKONG, Fri. Astaire and Co's chairman, Mr. Edgar Astaire said he anticipates a growing interest in overseas stock by UK institutions, many of whom have funds available that are not restricted by the Investment dollar premium. He told a Rotary Club lunch he believes
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    • 95 4 Reuter SYDNEY, Fri. Ampol Petroleum Is negotiating for the purchase of Indonesian crude oil, the chairman, Mr. W.M. Leonard said. In a prepared statement, he said the company would not divulge at this stage with whom it is negotiating and for what quantities. Company
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    • 28 4 Reuter LONDON, Frl. John Brown and Co's subsidiary John Brown Engineering (Clydebank) said it has obtained export orders for 16 gas turbines worth £25.5 million. Reuter
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    • 1061 4 1 On October 7 omo» <JC9 IM 4K •*rrri\ Mom Akna Alooa thM AmTel Km T»l Am Tw Ami A*on *«*> Aran But An ButAn BKfeS BHht BM»S jKha IMIqi CHHV CUK1> DotOi OnmQi bwvO Do»CT* K»*«a biKa UiKd EuRd turn Uwn tow Focd rord fort Ocn
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  • Page 4 Advertisements
    • 340 4 YOUR INVESTMENT IN BUSINESS frifln ft iifii nfni iicKiipywnKwiiwr y This month SINGAPORE TRADE INDUSTRY makes an in-depth study of the chemical industry. The trade analysis shows a bright future despite last year's decline. The manufacturing sector experiences a slow growth as overseas market presents expansion problems. The survey on
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  • INTERNATIONAL COMPANY NEWS
    • 226 5 Reuter LONDON. Fri. British Leyland's works convenor at the Longbridge plant. Mr. Derek Robinson, said manual workers at the plant had voted overwhelmingly in favour of backing the new Mini car project following the company's ultimatum for "total commitment.'" He said 10,828 had
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    • 80 5 Reuter PARIS, Fri.— Nonconsolidated net profit at Ste National des Petroles D'Aquitaine rose from 395 million francs to 419 million francs for the first halfyear ended June 30, 1976. The company has merged since June with Enterprise de Pecherches- et D'Activities Petroliers (ERAP) to form Elf-Aquitaine. France's second
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    • 410 5 Reuter LONDON. Frl. After enJoying a 69.7 per cent Jump In pre-tax profit to £59.35 million for the year ended June 30.1976, EMI is looking for further growth in the current 12 months. The forecast comes from the chairman, Sir John Read, following the release
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    • 258 5 Alcoa Jamaica joint venture Reuter PITTSBURGH, Frl. Aluminum Co of America said its Alco Minerals of Jamaica subsidiary will form a joint mining ana refining venture with the Government of Jamaica. The company said under the terms of the agreement Alcoa will sell the Government six per cent of its
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    • 166 5 Reuter AKRON, Fri. Goodyear Tire and Rubber said it will report a small loss in the third quarter compared with a profit of U5543.5 million or 60 cents a share earned in th year-ago period, chairman, Mr. Charles Pllliod said. He said the expected loss
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    • 179 5 Reuter NEW YORK, Frl. The New York Stock Exchange and the American Stock Exchange said they established special committees to study the possibility of consolidating operations or merger. NYSE said Its committee will be chaired by Mr. Robert M. Gardiner, chairman of Reynofds 'Securities
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    • 116 5 Reuter NEW YORK. Frl. Third quarter net income of Raytheon rose from U5519.29 million to $23.09 million, making a nine month total of $64 million against $54.16 million last time. Earnings per share were $1.51 ($1.27) for the third quarter and $4.20 ($3.59) for the nine months.
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    • 117 5 LONDON, Frl. Pre-tax profit of Thomson Organisation nearly doubled from 1'2.8 million to i' 5.31 million for the first six months ended June 30, 1976. Turnover was up from €99.96 million to £123.1 million. The company is paying a net interim dividend of 2.08p, equivalent to 3.2p
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    • 200 5 Reuter CANBERRA. Fri. The first part of the Fox Uranium report to be submitted to the Australian Government soon will deal only with international issues, government sources said. They said it will contain chapters on safeguards, proliferation and International controls, but will not go into national or local
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    • 649 5 Financial Times COPENHAGEN, Frl. When Den Danske Bank announced In September that It was to raiae Kr .500 million (US$BO million) with foreign bofid issues to bolster Its capital ratio, it was reflecting the increasing problem which is facing the commercial and savings banks
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    • Briefly
      • 79 5 LONDON. Frl. Austral Development said BH South intends to make a share issue to shareholders, details of which will be announced shortly. Proceeds of the Issue will be used in developing the one million-tonne per year phase of the phosphate project being undertaken by BH South's wholly-owned
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      • 83 5 PARIS, Fri. Oroupement des Industries Mecaniques (Glmeca) an engineering industry financing group, said It plans to make a bond issue on the domestic capital market before the end of this year. A spokesman rejected a press report here that Gimeca had dropped plans to make an issue because of
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      • 30 5 ZURICH, Fri. The Caisse Centrale de -Cooperation Economique 80 million franc 5% per cent 15 year Swiss loan was priced at 99.5 per cent, secondary market sources said.
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      • 61 5 BRUSSELS, Fri. A spokesman for Ste Generate de Banque declined to make any comment on the issue of US$5O million of 8- It per cent fiveyear notes for the Ste Nationale D" Investlssement. ment. The spokesman said it was a strictly private placement and would not comment on market
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      • 31 5 ZURICH, Fri. The Niederoesterreichische Elektrizitaetswerke Agh (Newag) 60 million tranc 53/4 per cent 14 year loan was heavily oversubscribed at its issue price of 99 per cent, Schweizerische Volksbank said.
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      • 31 5 NEW YORK, Fri.—American Petrofina said it increased its semi-annual dividend to US$l.lO form $1 a share for class "A" and class "B" common stock, payable Oct 29, record Oct 19.
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      • 49 5 PARIS, Fri. Peugeot said in a statement it reached a preliminary agreement in Teheran with Iran National, Iran's biggest car manufacturing company. The aim of the agreement is to settle the basis for a final accord to produce cars in Teheran, it added. No other details were given.
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      • 39 5 VIENNA, Fri. The European Investment Bank 350 million schilling ten-year loan will be priced at 97.25 per cent with a coupon of eieht per cent, Creditanstalt Bankverein said. The loan will be floated from Oct 11 to 13.
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      • 72 5 LONDON, Fri. Executive chairman of the Guiness Peat group. Lord Klssin said in the annual report group activity increased suDstantially in the last few months of the year to April 30, 1976 and continues to do so. He said the group is planning further expansion of its overseas operations
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      • 24 5 SYDNEY. Fri. Shareholders of Australian Mutual Growth Fund approved a resolution changing the company's name to South Pine Quarries, the company announced.
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      • 36 5 PARIS, Fri. Cle Nationale Du Rhone's US$35 million 10-year eurobond was priced at 99.5 per cent with an 8.75 per cent coupon giving a redemption yield of 8.83 per cent, lead manager Ste Generate said.
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      • 35 5 Reuter NEW YORK, Fri. Bank America's seven million common share offering was priced at US$24-3/8 per share, unchanged on the close, lead manager Mr. Blyth Eastmanfillon said. Selling concession was set 57 cents. Reuter
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  • Page 5 Advertisements
    • 377 5 PAGING BUTTON Converts the telephone into a paging system. Speak into the handwt and paging is dona through built-in speakers in all extensions or external speakers INTERCOM LAMP Indicates whelher intercom line is engaged or free INTERCOM CALL BUTTONS Will call any extension for inter-office communication. HOLD BUTTON Whan an
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  • 1880 6 SECTION ONE X INDUSTRIALS im High Law Compmay Last Sale +«rGr's div Di« c'rr Gr's y'U P/E V«l C66t) Day H%k Low 250 208 100 237 186 402 204 248 400 137 170 172 80 185 88 254 180 172 408 39 Ac ma Alcom Allied Choc
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  • 1083 6 BID and otter 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 lot* of 1,000 units unless otherwise specified. All Time Settlement Contracts are Suoted after the word "Bett". il« Board
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  • 147 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Mutferi prim for Oct 11) (Current p rice*) The Commerce 1.7a l.si INCOME BOND 1.07 1.13 The Savins Fund 0.97 109 S'por#Pro8 Fund 0 00 0.85 xd 8'pore Security Fund S pore Invest Fund 1.17 1.33 1 05 1 10 MARA BUMIPUTRA
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  • 422 6 S'pore Govt 5 1/2* Taxable Loan No 2 With A I I97VUt Dec 1977 (1,000.000) (101.6f>8 101.758) S'pore Govt 5 1/2* Taxable Loan No 1 With A I 1976/15 th April 1978 (1,000.000) (101.458 101.508) S'pore Govt 6 3/4* Taxable Loaa No I With A I
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  • 1145 6 810 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. INDVITRUU Ami <1.73«> A. T»m (0 458). A. C«»M (0.83B). A.M. Da«
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  • Page 6 Advertisements
    • 175 6 Confront Singapore's decision makers in Business limes Foronly $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 will
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  • 676 7 PRICES finished generally a shade lower in much reduced trading at the Stock Exchange of Singapore yesterday. An opening rally noted among the more speculative issues proved to be just a flash in the pen as sellers were drawn out in numbers after the first hour of
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  • 449 7 SHARE prices continued to fall in fairly active conditions at the Kuala Lumpur stock market yesterday. After opening fairly steady, prices moved up marginally but quickly lapsed back as stale-bull liquidation and shortselling hit trading. In the afternoon, shares were depressed still further as more
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  • 930 7 NEW YORK: In a session riddled by new Inflation worries and concern over the sluggish performance of the U8 economy, the stock market on Thursday still managed to score Its Srst gain In eight sessions. For most of the day the market had difficulty making up Its mind
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  • 256 7 AMSTERDAM: Shares generally firmed on Thursday after the previous sharp fall. Unilever led otherwise small gains In Dutch Internationals. OCT 97 FU Ahold 80 00 Akzo 28 20 ♦0 2 Algbank 277 00 +2.5 AMEV 44 80 unch Amfas 72.50 -0.5 Amrot Bank 64 80 +0 1 Bergoss 135
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  • 185 7 FRANKFURT: The market was mixed on Thursday, with some shares recovering from Wednesday's sharp losses In quieter trading, dealers said. OCT 07 Dm AEO 85 50 ♦0.7 Akzo Allz Leben A Hz Vers BASF 153 30 0.2 Bay HTWbank Bay Vbank Bayer 127 30 ♦0 6 BBC BMW 215
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  • 365 7 SYDNEY: Prices fell over a broad front on Friday, with the new increase in the savings bonds yield affecting senUment. dealers said. The Sydney All-Ordinaries fell 4.52 points to 456.48. They noted with announced or planned share issues, the money supply situation would be acute, and the equities market
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  • 352 7 JOHANNESBURG: Golds moved off the top later In the afternoon on Thursday, and dealer attributed some of the movement to a slight drop in the securities rand quote. The industrial sector was quiet and slightly easier on bid prices. OCT 07 Rand INDUSTRIALS A Alpha 85B Abercom 270 -J
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  • 127 7 MANILA: The market eased further across the board on Friday, with market sentiment depressed by the lack of encouraging report on oilexploration and the downturn of metals prices, dealers said. oct m Pesos Acoje Mining At las Con A Atlas Con. B Baguio Gold Benguet Con B BF Goodrich
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  • 341 7 HONGKONG: The market closed lower on Friday, although above the day's lows In moderate trading, dealers said. The Hang fieng index fell 3.19 points to 401.02. Turnover on the four exchanges rose to 44.71 compared to 37.51 on Thursday. OCT M HK* Amal Rubber 1 «5S unch Associated Hotels
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  • 176 7 ZURICH: The market ruled narrowly mixed on Thursday. The Credit Swlsse index shed 0.1 point to 306.4. OCT 87 Franc X Actions Suisses 24 IB Alusutase Br 1330 -so Alusulsse R«(. Brown Boverl Br QMCMd Br ClbaOdQrP8 Clba Ooo Reg Credit Suisse Br Credit Suisse Reg Elektrowatt Br Fischer
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  • 337 7 TORONTO: Btock prices made a partial recovery In late trading, enabling the market to close on a mixed note on Thursday. At the close, the exchange's Industrial Index was up 0.70 cents to U551.81.90 and western oils were up 1.33 to $203.07. Golds, however, finished down SI.OO at 5245.29
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  • 329 7 PARIS: Prices were generally higher but trading volume was low on Thursday, since many Bourse employees were supporting the one-day national strike, dealers said. Banks, foods, engineerings, stores and French oils advanced, but hotels, printings, metals and textiles eased. Americans, Germans and golds strengthened but Canadians and coppers declined
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  • 114 7 BRUSSELS: The market continued to dechne, but in fairly quiet trading with small price movements on Thursday, dealers said. OCT «7 Frs FORWARD MARKET Acec 304 -1 Arbed 3455 70 Astur 1184 •14 Brascan 450 -10 Bru-Lamb 1815 -5 Can pat 670 unch Cock 850 unch De Beers 108
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  • 124 7 MILAN: The market closed generally higher in moderately active trading in partial reaction to recent weakness on Thursday, dealers said. Bonds were little changed in quiet trading. OCT 07 Lire Anlc 446 unch Assoc Gen ***** 350 Bastogl 945 10 Central 7300 10 Flat 1456 17 Flnslder 237 +7
    124 words
  • 81 7 oct m Bah us A«ta Fibre 109 unch Bangkok Bank 245 •►4 Bangkok Invest. 132 Bangkok-Metro-politan Bank Bata 333 unch Berh Jucker 153 Charoong Thai Wire 142 Dumex DusltThanl Faber Merlin First Trust Indo-Thai 185S unch J And J Ho 124 1 Jalaprathan Cement 728 -1 Kamasuta Lee Kwang
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  • 371 7 TOKYO: The market declined in limited trading on Friday, with late liquidations more than offsetlng initial gains, dealers said. The market average fell 25.83 to 4,778.78 with volume of 190 million shares. The Tokyo S.E. Index closed at 355.70, down 0.30 OCT M Yen Ajinomoto 460 -13 Akai 430
    371 words
  • 673 7 LONDON, Frl. The stock market closed off the bottom after another weak session which saw moderate to heavy selling pressure, dealers said. At 3 p.m., the Financial Times Index was down 5.0 at 291.0 after being down 11.9 at 11 a.m. Government stocks recovered to near overnight levels amont
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  • 103 7 FINANCIAL TIMES INDUSTRIALS Thursday 294 0 Wednesday 310 6 Week ago 323 5 Tim Thursday 128.30 Wednesday 124 96 Week ago 115 96 RUBBERS Thursday 473.44 Wednesday 478 98 Week ago 467.00 OILS Thursday 320.77 Wednesday 334 43 W eek ago 328 30 DOW JONES AVERAGE INDUSTRIALS Thursday 965
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  • Page 7 Advertisements
    • 57 7 mm ■»W S*., tJ T ,f 4 v--» s m fi > rf' >& 86»3E r. >' ?-n rac ir y-r 'a •K. S' V >' 5 2/iv i 4 ni >4 m W--ft •*v-i 'V 1 TP. rM- <* s? W. v-r ?ft«S to Australia and Europe every week.
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  • COMMODITY REPORTS AND PRICES
    • 638 8 THE Singapore rubber market opened about one cent firmer and advanced further on buying Interest yesterday. It then eased slightly at mid-session on light profit taking before firming again towards the morning close, they said. November firmed to close at 206.50 cents after opening at 205.00. Turnover was
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    • 116 8 DAILY SSR and SMR prices at noon yesterday: R.A.S. Oct. Nov. (Cm rrrnt Mtht (For ward Mth) Buyer* Seller* Buyer* Seller* (on iU perks) (COT it* per kg) SSR 20 (1-ton Pallets) 186 00 188.OON 187 00 189 OON SSR 50 (1-ton Pallets) 183 50 185 50N
      116 words
    • 308 8 THE Straits tin price in Penang yesterday closed $4.50 up to $1,230 per picul on an official offering down 20 tonnes to 275 tonnes. In LONDON on Friday, tin eased by i! 45 for Cash and 152 for Three Months in both contracts. The fall, which occurred in
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    • 31 8 Rubber: Oct 8. Singapore: Oct. 205.00 cU. (up 3.75 eta) Malaysia: Nov. 211.75 (up 3.75 eta) Tin: $1,230 (up $4.50) (up $25.50) Official offering: 275 tonnes (down 20 tonnes).
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    • 206 8 LONDON, Fri. Silver showed losses of 2.4p to l.Op per troy ounce. The overnight declines at New York and the easier trend in base metals combined to depress sentiment, dealers said. Liquidation and fresh selling took Three Months from a pre-market high of 265.0p down to 263.0p in the
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    • 260 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk S7l sellers, old drum $76 sellers, new drum Ml sellers. Copra: Mixed (looae) UK/Cont $45 buyers. Pepper Muntok AST A white fob. 100H NLW $297 sellers, Sarawak white f ob 90S NLW $282 4 sellers.
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    • 331 8 CONSIDERABLE activity was seen In the Singapore gold market yesterday and was encouraged by a slightly lower price. The kilo bar passed be-' tween 559,200 and the closing of 559,150 down Ssso on Thursday's close. For London delivery the price opened at U*****.50 and closed at US$ll5.OO (down $1.60)
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    • 299 8 LONDON, Frt. Copper wirebars showed losses of mostly i:20.50 per tonne. The market was subjected to further fairly aggressive selling pressure throughout the morning with general liquidation, chart and stoploss operations accelerating Thursday's downward trend. Three Months traded from £850 down to 1834 in the pre-market before some covering
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    • 56 8 LONDON, Frt. Lead lost mostly £9.50 per tonne. Values fell away in sympathy with copper as early profit-taking touched off some -stoploss selling which took Three Months from 1296 in the early pre-market down to £289 in the ring. Also influential was the prospect of a small rlae in
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    • 80 8 LONDON, Frl. Zinc eased by fully £6 for Cash and £5 for Three Months. Values followed the general trend In base metals at the outset but subsequently attracted some covering Interest at the lower levels which cushioned the fall. Three Months traded from £419 down to £414 In the
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    • 169 8 LONDON, Frl. Terminal opened C 0.90 to L 1.85 higher with sales of 1,130 lots. Dealers said higher prices had been prompted in New York last night by unconfirmed reports of a Brazilian production shortfall. But best levels were not maintained this morning as dealers awaited more detailed information.
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    • 130 8 BANGKOK, Fri. Indicative prices for rice quoted yesterday were: US dollars per tonne FOB basis Bangkok LOONZAIN unchanged PARBOILED unchanged MAIZE unchanged In HONOKONO yesterday, the market was quiet with prices down 20 cents to 40 cents. The day's turnover totalled 328 tons comprising Thais 92, Kwangtungs 140 and
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    • 55 8 LONDON. Frt. Robusta terminal opened £38 to £20 higher. Sales totalled 542 lots. Dealers said the market had been expected to open around £10 higher based on New York's performance on Thursday, but good general follow-through buying support soon built up and despite some profit-taking resistance the nearer positions
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  • MONEY AND EXCHANGE
    • 590 8 TRADING In the domestic money market continued to be dull for most of yesterday as the condition of surplus funds persisted in the Interbank system. Opening lower from the previous day's close, overnight funds were traded at the opening level of 2% per cent to 2* per cent until
      590 words
    • 143 8 Asian rates ASIAN rales as currency deposit interbank at ckwe on Oct. L'8 CMUra(Hpot) Oflbr BM 7 days 1 mth 2 mlh* 3mthi Imilu mlhi 12 mtlu 5 7/16 511/lt 51/2 5 5/8 1/4 17/U 5 5/16 S7/16 5 3/8 51/2 57/» i/a 5/l« 8w Fr» DIBS. 1 mths 3
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    • 54 8 RANGE of prices offered by dis count houses on Oct. 8 Overnight 2 5/8 to 3 1/8% Call deposit 2 3/4 to 3 1/8% Buy SclllnC 3-Month Treasures bills 3 3/1# 31/16 3-month Bank bills 4 5/16 43/16 3-Month CD 4 7/16 45/16 6-Month CD S 4 7/B
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    • 55 8 RESULTS of Treasury bills tender held on Oct. 8 for 91day Treasury bills to be issued from Oct. 11 to 15: Offered: $40 million. Applied for: $88,250,000. Allotted: $40 million. Accepted bid*: $99.21 approximately 95 per cent; higher bids in full. Average rate of discount on allotment:
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    • 59 8 Minimum lending rates (in AC0C 7 Mgvntnt Bonk 7 Fir*» Chicago 7 Bangkok Bank 7V* Bank of Amor ICO 7 Bonk of China 7(4 Bond o» Tokyo 7 Bonk Ntgoro HKS8C 714 Indoiuor .7 Malayan Banking 7 Mitiui Bank 7 OCBC 7 OUB 7 Chartered Bonk 7 C ion Monhotton
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    • 480 8 THE week overflowed with market factors, bringing about volatile and steadier conditions In active turnover; and an overall Increase In levels of some 7 cents after a high of 12 cents, says Holiday Cutler and Bath In It's weekly rubber review. The week-end announcement that the O.S.A. stockpile
      480 words
    • 553 8 LONDON, Frl. Sterling steadied in the U551.6660/90 range In thin, nervous opening trading after closing at $1.66 In New York. Dealers said the sharp rise In UK Interest rates on Thursday has temporarily strangled activity, and though a few sellers have emerged each time the Kund has tested the
      553 words
    • 188 8 NEW YORK, Thurs. Sterling closed slightly higher. Declines in M-l and M-2 reported by the New York FED late this afternoon provided further evidence that the FED has to become more accommodative, dealers said. It is also widely expected that upcoming unemployment data will show another Increase, and
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    • 60 8 TOKYO. Fri. The US dollar for overnight delivery closed at 288.45 yen, up from 288.20 at the opening and 287.85 overnight. Dealers said dollar buying demand was strong to cover import settlement needs. Trading was fairly active with selling offers well absorbed, they said. Dollars for immediate delivery closed
      60 words
    • 33 8 HONGKONG banknotes quoted on Oct. 8: US 4.85/4.87 UK 8.00/8.20 Burma 2.00/2.50 India 4.45/4.75 Indonesia 1.12/1.16 Japan 1.68/1.69 Korea 0.90/0.95 Philippines 0.595/0.625 Singapore 1.95/1.97 Malaysia 1.92/1.94 Brunei 1.925/1.945 Thailand 24.10/24.40 Taiwan 12.20/12.50
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    • 40 8 ZURICH exchanges quoted on Oct. 7: US 2.4485-4495 UK 4.0715-0765 Can 2.5155-5175 W'germ 100.24-33 Neth 96.00-96.10 France 49.43-48 Belg 6.53-1/2-54-3/4 Denm 41.87-91 Norw 46.04-08 Swed 57.59-65 Italy 0 2909-2912 Austria 14.12-15 Port 7.85-88 Spain 3.59-1/2-60-1/4 Arg 1.25-2.25 Japan 0.84-3/4-85-1/4
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    • 50 8 AUSTRALIA/NZ exchanges quoted on Oct 8: Australia: Sterling 0.7518/0.7440 US dollar 1.2441/1.2391 Ninety day air mall buying rates: Sterling 0.7848, US dollars 1.2724 Ninety day forward buying rates: Sterling 0.7653, US dollars 1.2280 New Zealand: Sterling 0.5873/0.5838 US dollar 0.9819/0.9719 Ninety day forward rate: Sterling 0.6352. US dollar 1.0016.
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    • 32 8 FRANKFURT exchanges quoted on Oct. 8: US unavailable Can 2.4993/5009 UK 4.070/085 Neth 95.65/80 Switz 99.60/75 Italy 2 900/915 France 49.25/40 Norw 45.63/70 Belg Com 6.473/488 Belg Fin 6.25/27 Japan 0.8426/29
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    • 156 8 Euro rates LONDON, Fri. Day to day Eurodollar deposits opened little changed while periods were slightly softer on balance, dealers said. Trading generally was quiet ahead of the weekend and Monday's US holiday. Funds were offered In early trading following a further fall in US money supply and the possibility
      156 words
    • 308 8 LONDON, Frl. Straight bonds firmed slightly in moderate trading, dealers said. In general, prices firmed by point through out the list. In first time dealings, the Cie Nationale Du Rhone US$35 million 8-% per cent note issue, due 1984, and priced at 98-V4. traded around 98-% 99-"i. Dealers
      308 words
  • Page 8 Advertisements
    • 143 8 OPERATION THUNDER: the Entebbe raid EXCLUSIVE STORY OF WHOLE ENTEBBE AFFAIR MOST EXCITING FEAT OF ARMS FOR DECADES. PROVIDES FACTS NEVER BEFORE REVEALED. A PENGUIN SPECIAL. the raid which amazed the world by its expertise and daring. Then comes the fascinating account of those preparations, which took four days and
      143 words

  • TRANSPORT AND COMMUNTICATIONS
    • 314 9 KONTENA Naslonal and Malayan Railway have special arrangements to transport containers from Singapore to Kuala Lumpur with the closure of the Port Klang container wharves from Oct 15 to Oct 30. During the two-week closure, all container ships destined for Port Klang will be
      314 words
    • 843 9 MALAYSIAN rubber shippers have turned to the Russians in a bid to diversify their pattern of shipping away from too much dependence on Far East Freight Conference (FEFC) lines. However, the pattern of carriage will not be drastically changed. The FEFC will be given
      843 words
    • 317 9 THERE it it it take* just that little bit of common sense more to come up, once again, with an obvious solution to a "perplexing" problem. An imbalance of empty container boxes on your trade? Why, collapsible containers are just the
      317 words
    • 263 9 THERE is a possibility that reefer containers will be used to ship meat products from New Zealand to Singapore. This was brought up at a seminar held in conjunction with the New Zealand Meat Producers Board (NZMPB) trade display at the Marco Polo Hotel
      263 words
    • 476 9 ARRIVALS Service E.T.A. Operator Number G.M.T. From SIA CPA JAL SQ061 CX003 JL712 1635 1715 0230 HKO HKO HLP SIA CPA OIA THAI OIA PAL SLA PAA OIA OIA TMA SQ209 CX710 GA980 T0423 OA908 PR501 SQ201 PA873 OA944 OA982 TL302B 0240 0245 0300 0305 0330 0345
      476 words
    • 702 9  -  GOVT GUARANTEES DOLLAR-FOR-DOLLAR CONTRIBUTION By TERESA LIM A SHIP design centre will be set up in Singapore as soon as there is sufficient private sector support. The Government has already guaranteed a $1 contribution for every dollar given by local shipyards. But there
      702 words
    • Article, Illustration
      181 9 IN KEPPEL WHARVES: A 1 Shan (HPPD) 15/16, Asian Trader 1 (H3NY) 27/28, Doris Taylor 29/30, Golden Glory 23/24, Magdebury 31/32, Pearl Star (3EXL) 25/26, Peisander 10/11, and SBS 111 (B. Barge) 48. CONTAINER PORT: Cecllle Maersk B/51, Delicla B/52, and Maersk Mango B/50 S. SEMBAWANG PORT:
      181 words
  • Page 9 Advertisements
    • 70 9 protect valuable goods and personal belongings from damage due to high humidity <y- DH 20 $490 Automatic humidity sensor Automatic overflow shut-off Low operating cost No installation cost Occupies only 34 x 47 cm. floor space EQUATION :iS IF YOU NEED A TOW YOU NEED A TU6 Middle East Tows
      70 words
    • 163 9 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia, Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding Hawaii)
      163 words

  • 2417 10  -  Problems facing Thailand after military strongmen takeover the country The military strongmen have moved in to take control of Thailand because they claim the civilian politicians were not able to protect the country from communism. It remains an open question whether their takeover will
    2,417 words
  • 1217 10 PUBLIC RELATIONS is gaining new dimensions because of the growing role of governments in business affairs. But the growth of the business is hampered by the lack of really good personnel. This article, discussing the outlook for the profession in the UK, notes that a
    1,217 words
  • Page 10 Advertisements
    • 194 10 I t \l I MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE s. s ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that hove taken place in all important sectors of the economies of countries in East and
      194 words

  • 957 11 IMF-WORLD BANK TALKS AT MANILA YESTERDAY NYT A REMARKABLE aspect of the 31st annual meeting of the world's two major financial Institutions this week has been the absence so far, at least of any significant, open controversy. In conversations with delegates and other
    NYT  -  957 words
  • 579 11 Reuter IMF managing director Johannes Witteveen today said Britain's latest moves to deal with the country's economic crisis were "a very useful step" in the right direction. Mr. Witteveen told a news conference the measures would help Britain to achieve its monetary targets and
    Reuter  -  579 words
  • 168 11 NYT A NEW United States analysis, not yet fully supported by the IMF, projects a significant improvement next year in the balance of payments situation of the less developed countries that do not produce oU and an equally important worsening of the collective payments deficit of
    NYT  -  168 words
  • 155 11 Reuter MANILA, Frl. A Japanese minister warned today that any application of import controls by Britain would create "an unfriendly atmosphere" for negotiations on the Labour's Government's requested US$3.9 billion standby credit with the IMF. Japan's Vice Minister of Finance responsible for international affairs, Mr.
    Reuter  -  155 words
  • 143 11 AP A TOP US AID official Mid yesterday the United States easily could afford to almost double its aid to poor countries. "Considering what is at •take, we are remarkably chintzy," said Mr. Christian Herter Jr., son of the former Secretary of State and a
    AP  -  143 words
  • Page 11 Advertisements
    • 370 11 NOTICES GOVERNMENT OF PAPUA NEW GUINEA TENDER TC2S-01-024 CONSTRUCTION OF A SUBMARINE PIPELINE, DARU, WESTERN PROVINCE. Tenders are invited for the supply, delivery and construction of a Submarine Water Supply Pipeline approximately four (4) kilometers in length. The specification calls for Class 9 u P.V.C. pipe of 200 mm diameter
      370 words
    • 5 11 SEE PAGES 2 AND 4.
      5 words
    • 481 11 APPOINTMENTS VACANCIES Applications art invited from Singapore Citizens for tha following posts: (a) FINANCIAL OFFICER Salary Tha commencing salary will dapand an qualifications and axparianca. Aga Below 30 years old. Qualifications Recognised Dagraa in Accountancy or Busino« Administration. (b) ADMINISTRATIVE OFFICER Salary Tha commancing salary will deppnd on qualifications and
      481 words
    • 1091 11 NOTICES SINGAPORE EXPRESS INTERNATIONAL PRIVATE LIMITED of block 19,181-A, Outran* Park Complex, Outram Road, Singapore 3. NOTICE Notice is hereby given that the above-mentioned company has been taken over by a new management having international business connections. All creditors who have any monetary claims against the said company are also
      1,091 words
    • 107 11 TENDER Quotations are Invited from local labour suppliers for the foliowlng:(1) Stevedorage at Western A Eastern Roads, Pasir Panjsng Wharves, Jurong Port A Sembawsng Port. (2) Supply of checkers, clerical staff, carpenters, labourers. (3) Supply of labourers for stuffing, unstuffing containers on box-rate basis. Quotations must be In detail specifying
      107 words

  • 264 12 THE new Pegronaf chairman, Tan Sri Abdul Kadir Shamsuddin, said there is a close relationship between the progress of production sharing negotiations and the negotiations (or the establishment of the Bintulu LNG project, Although Petronas had begun negotiating* .with Shell and Mitsubishi oh
    264 words
  • 339 12 MANILA, Fri. International Monetary Fund managing director Johannes Witteveen said here today that he "could see the advantage of weekly gold auctions" by the IMF. Mr. Witteveen, speaking at a press conference at the end of the IMF annual meeting, said the matter would have to
    339 words
  • 111 12 MARITIME has taken a $4.5 million three-year term loan managed by Singapore International Merchant Bankers (SIMBL). Other participants are the Bank of Montreal, Continental Illinois National Bank and Trust, Temenggong Merchant Bankers, and Hongkong and Shanghai Banking Corporation. The agreement was signed yesterday. Proceeds of the loap
    111 words
  • 308 12 THE Chase Manhattan Bank which has major Interests in the region's petroleum Industry, will consider financing Singapore's share of the Sumitomo petroleum project should the need arise. The bank had earlier lookted at plans to participate in the petrochemical complex but decided to shelve them
    308 words
  • 307 12 KUALA LUMPUR, Frl. Central Securities (Holdings) Is being sued for the return of M 511.2 million by a Johore businessman, Haji Haron bin Mohd Zaid. Haji Haron, who filed his writ in the Kuala Lumpur High Court today alleged that Central Securities had
    307 words
  • 415 12 PM'S EMISSARY TO REPORT ON ROW KUALA LUMPUR, Fri. Behind-the-scene moves are being made on instructions from Datuk Hussein Onn to save the Pernas-led mission to the Canton autumn trade fair following a decision by the Associated Chinese Chambers of Commerce and Industry
    415 words
  • 337 12 Reuter AP WASHINGTON. Fri. Singapore should achieve its 7 to 10 per cent real economic growth this year, assuming continuation of economic recovery In the United States, Japan and Europe, the US Department of Commerce said yesterday. "Singapore has weathered the worldwide recession in
    Reuter; AP  -  337 words
  • 805 12 SINGAPORE'S qualitycontrol watchdog, the Singapore Institute of Standards and Industrial Research (SISIR), Intends to promote Its services, on a regional basis, as a centre for technology, engineeringoriented programmes and commercialisation of Industrial research results. Working with other international aid agencies, it will seek
    805 words
  • 214 12 Reuter SYDNEY, Frl. More than 200 dockyard workers occupied a Japanese bulk carrier here yesterday, forcing the captain to delay departure as part of a continuing campaign to highlight the plight of the Australian shipbuilding Industry. The workers, from both civil and government dockyards here, occupied
    Reuter  -  214 words
  • 46 12 A 13-man trade mission from the North of England Development Council it doe la Singapore tomorrow, to introduce tome of the latest British products here. The products will include miniature circuit hreahsrs, electronic analysers, conveyor belts, portable generators and other industrial products.
    46 words
  • 193 12 AP Reuter WASHINGTON, Frl. The higher than expected rise of 0.9 per cent In the US wholesale index, threatened to cut into President Ford's election campaign here today. Presidential candidate Mr. Jimmy Carter cited the wholesale price report released by the Labour Department yesterday
    AP; Reuter  -  193 words
  • 150 12 FINANCE Minister Mr. Hon Sui Sen will be leaving for Wellington, New Zealand, tomorrow for two days of talks with ministers, parliamentarians, and other government officials. This was disclosed to the press at the airport yesterday after his return from Manila where he
    150 words
  • 197 12 Reuter WASHINGTON. Fri. A judge today granted Ike US Government permission to prsceed with u anti-mono-poly suit against the giant Bell telephone company which handles about 80 per cent of American telephone subscribers. The Justice Department's suit alleges that Bell has a telecommunications
    Reuter  -  197 words
  • 159 12 THE Stock Exchange of Singapore has not yet responded to Haw Par Brothers International request to have its shares quoted again. The company wrote to the Exchange on the very afternoon the shareholders approved the 1975 accounts last Thursday. But according to
    159 words
  • 102 12 UPI TOKYO, Fri. Japan and the United States concluded the first round of talks on a revision of the Civil Air Agreement without reaching any definite agreement on any major Issues confronting the two countries. The session had been underway In Tokyo since last
    UPI  -  102 words
  • 257 12 NEW YORK, Fri. The United States' two major stock exchanges took steps toward a possible merger yesterday by appointing committees to examine the matter. The move came less than two months after cancellation of a ban on simultaneous trading of a stock on
    257 words
  • 271 12 Reuter WASHINGTON, Fri. A promise by President Ford to disclose yesterday the names of US companies which have taken part in the Arab economic boycott against Israel ran into problems. The Commerce Department said no names would be revealed yesterday, and added
    Reuter  -  271 words
  • Page 12 Advertisements
    • 65 12 OCTOBER 11 ISSUE HIGHLIGHTS SALE BRITAIN: The gets pounded BUSINESS: Japan is backExports boom again? MACAO: Monte Carlo East RHODESIA What future? MEDICINE: How to get pregnant Newsweek International c/o Sanvic Enterprise Pte Ltd.. Locked Bag Service No. 1. G.P.O. Singapore. TeJ: *****71. 27 wMks for $23.00 (only 0.86* per
      65 words
    • 300 12 F I H < V 1 Fret spares Maintenance. Option to update new models yearly. Option to purchase your CTV set. AND GUARANTEED NO WORRIES IF IT EVER BREAKS DOWN k K mm For immediate ins taxation.call *****10& *****11 27 GOLDHILL PLAZA RENTftCOLOR TV RENTAL SPECIALISTS WORLDWIDE AUSTRALIAaftRAZILeHONGKOMGaMEW ZEALANOaPHILIWINES* 4
      300 words