The Business Times, 20 October 1976

Total Pages: 12
1 12 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) 1455/76 WEDNESDAY, OCTOBER 20, 1976 50 CENTS
    10 words
  • NEWS SUMMARY
    • 29 1 Reuter ADELAIDE, Tues. Poseidon Ltd said the Australian Industry Development Corp. appointed N.W. Buckley of Cooper and Lybrand receiver and manager of the company at Poseidon's request.
      Reuter  -  29 words
    • 81 1 LONDON, Tues. Britain's aerospace exports this year are up nearly £100 million (Ss4o4 million) on their value at the same time last year, official figures from the industry showed today. For the whole of 1.75 the industry established a new record of just under £802 million. By
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    • 66 1 AP SALISBURY, Tues. Prime Minster lan Smith met with his cabinet today for a last-minute strategy session before he leaves tomorrow for the Geneva conference on the future of Rhodesia. Aides said Smith's Government expected the talks called by the British to set up an Interim bi-racial
      AP  -  66 words
    • 73 1 AP JAKARTA, Tues. The American California Asiatic Oil Company and Texaco Overseas Petroleum Company, affiliate companies of the Standard Oil Company and Texaco, have struck oil on mainland Riau in central Sumatra, the state owned oil corporation Pertamina said today. Pertamina said the oil well was located
      AP  -  73 words
    • 67 1 UPI MOSCOW, Tues. Prime Minister Alexei Kosygin, 72, apparently back to full-time work after a mysterious three-month absence from the public eye, took part in a Kremlin ceremony today, Tass said. Mr. Kosygin was among members of the Politburo who attended a ceremony at which Yumyagin Tsedenbal,
      UPI  -  67 words
    • 63 1 UPI RIYADH, Tues. Egyptian President Anwar Sadat said today the Arabs were on their way to rank as the world's fifth major power after liquidating their differences at the Riyadh six-way summit. In a statement to the Saudi press agency, before flying back to Cairo, Mr. Sadat
      UPI  -  63 words
    • 43 1 UPI NEW YORK, Tues Dow Jones averages, based on the first hour of trading on the New York Stock Exchange: 30 Indus 942.49, down 4.07; 20 transp 206.34, down 0.57; 15 utils 96.82, down 0.03; 65 stocks 297.36, down 0.98. UPI
      UPI  -  43 words
  • Chief Price Changes
    • 188 1 TRADING turned very quiet at the Stock Exchange of Singapore yesterday and most shares were unchanged. However, a few speculative issues saw some support to end higher. Among these was Haw Par which continued to recover and ended 3V» cents higher at 97 cents. The Business Times
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    • 119 1 Foils Most activc Town ind Cily $1.00 28 Haw Fax 240,000 K.G. Holdings $1 00 -.10 Sime Darby 94,000 M. Cabin S3 40 S2 20 -.10 08 Central Sugars Set. Prop S1.S8 -08 Inchcape 59,000 C.C.M. M 08 -.04 Kuun SO 85 -04 Total Turnover: 1.18 M
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  • 189 1 Reuter PEKING, Tues. The Chinese Communist Party today stepped up its campaign against four radical leaders, launching a bitter attack on "sham Marxist swindlers". An editorial in the party newspaper People's Daily instructed readers to thoroughly expose and repudiate those who tampered with Chairman
    Reuter  -  189 words
  • 150 1 THE Kuala Lumpur Stock Exchange has asked Bovis South East Asia why it failed to notify the exchange of its rights issue two weeks before the announcement was made to shareholders. In a letter to its financial advisers, Chartered Merchant Bankers, the KLSE asked them why
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  • 735 1 Poseidon not a nickel to its name now ADELAIDE, Tues. Poseidon, the nickel company which sparked the hectic 1969-70 Australian mining shares boom, has asked for the appointment of a receiver, its chairman, Professor Eric Rudd, told the Adelaide Stock Exchange today. He said the company, which faced a A
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  • 556 1 SINGAPORE Is gradually climbing up the ladder to rank among the world's affluent nations. Based on latest available figures published by the World Bank atlas, Singapore ranks 28th in per capita income among the world's nations. This is based on 1973 GNP per
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  • 428 1 THE Economic Development Board will take up to 50 per cent of equity capital of certain industries but these companies will be given the chance to buy back these shares from the EDB at a later date, under EDB's capital assistance
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  • 217 1 AP WASHINGTON. Tue«. The US rate of economic growth faltered from July through September, a slowdown reflected in the increasing number of persons on the jobless rolls during the summer, the Government reported today. The Commerce Department said the Gross National Product, the total output of
    AP  -  217 words
  • Article, Illustration
    288 1 THE Development Bank of Singapore, last year's runner up in the annual report award, has made It to the finals again. It is one of six companies out of a total of 87 incorporated in Singapore and listed on the Stock Exchange of Singapore which have survived the
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  • 142 1 "Perhaps the time has come to point the finger at those companies which appear to be making no attempt whatsoever to use the opportunity of annual reporting to communicate with the various interested parties in the community. "The chairman of the award panel
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  • 478 1 DOLLAR LOSE GAINS BRUSSELS, Tues. The US dollar and the pound dropped at the opening of European money markets today, losing more than the gains they made yesterday following the revaluation of the German mark. The only exception was Italy where a two-week 10 per cent tax on currency purchases
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  • Page 1 Advertisements
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  • OVERSEAS
    • 192 2 AP WASHINGTON, Tues. The US State Department yesterday denied any shift in US policy concerning the bitter disputes between the Soviet Union and mainland China. Department spokesman Mr. Robert Funseth Issued the denial in the face of questions concerning a statement by Secretary of State
      AP  -  192 words
    • 212 2 AP HOUSTON, Tues. The Japanese Ambassador to the United States said yesterday that the economic relationship between this country and Japan Is unique In that they have the largest overseas trade between any two nations in history. Ambassador Fumlhiko Togo said this trade also is the
      AP  -  212 words
    • 239 2 AP ROME, Tues. Italian communist leader Enrico Berlinguer urged yesterday that r< a government of democratic unity" be formed, including his party, to lift Italy out of its economic crisis. In a policy declaration to the party's central committee, Mr Berlinguer said, "One
      AP  -  239 words
    • 125 2 Reuter LONDON, Tues. Britain is having outstanding success in attracting foreign visitors, the nation's tourist authority said today. About 10 million foreigners will have visited Britain during 1976 chairman Sir William Glen estimated. He aaid that if air fares spent with British carriers were included,
      Reuter  -  125 words
    • 64 2 AP TEHRAN, Tues. Iran and the Soviet Union agreed yesterday to triple their barter trade. Under the agreement, Iran will export to Russia during the next five years US$l.5 billion (553.6 billion) worth of natural gas, shoes, textiles, cotton, ore and dried fruit and in return
      AP  -  64 words
    • 45 2 UPI MANILA, Tues. Prime Minister Michael Somare of Papua New Guinea arrived here today for a five-day state visit of the Philippines. Mr. Somare, accompanied by his wife Veronica, was met at Manila International Airport by Philippine President Marcos and nls wife UPI
      UPI  -  45 words
    • 714 2 VORSTER PLEDGES TO SCRAP SOME MEASURES BUT... NYT PRETORIA, Tues. Prime Minister John Vorster of South Africa made it clear yesterday that his Government will continue to exclude urban blacks from participation in the country's political life, but pledged that discriminatory measures serving
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    • 730 2 Hush in Beirut as Arab peace plan unfolds AP Reuters BEIRUT, Tues. The artillery bombardments of Beirut eased off today, following the announcement of an Arab peace plan to end the civil war. Beirut suffered one of its worst shelllngs yesterday as left-wing and right-wing artillery blasted rival sectors of
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    • 123 2 Meeting to promote AussieTokyo trade AP NAGOYA, Tues Japanese and Australian business leaders opened a threeday meeting here today to discuss ways to promote their economic relations. Conference sources said the discussions will centre on increased trade In natural resources. The sources said Australian delegates are expected to ask Japan
      AP  -  123 words
    • 47 2 AP TOKYO, Tues. Mr. Widjojo Nltlsastro, Indonesia's Minister for Economic. Financial and Industrial Affairs, arrived here today for a week's visit at the invitation of the Japanese Foreign Ministry. Mr. Widjojo will call on Prime Minister Takeo Mlkl and confer with other Cabinet Ministers. AP
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    • 199 2 Reuter AP LONDONr Tues. The visiting Japanese Industrialists have told British Trade Secretary Edmund Dell that they are interested in importing more goods especially high-technology products from Britain. A Trade Department spokesman said here yesterday that the 21-man delegation from the Keldanren Federation of
      Reuter; AP  -  199 words
    • 129 2 UPI CANBERRA, Tues. Foreign Minister Mr. Andrew Peacock said today that Australia will seriously consider unilateral action to declare a 320 km fishing zone if next May's Law of the Sea Conference falls to agree on the issue. Speaking on his
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    • 100 2 AP MANILA, Tues. The Asian Development Bank announced today it has apS roved technical assistance 5 Burma for a livestock project. It said an expert team will help the Burmese Government formulate an economically viable and technically feasible project for the development of smallholder pig
      AP  -  100 words
    • 130 2 OTTAWA, Tues. The issue of greater access to world markets for agricultural products may be crucial for Canada and the United States under the current multilateral trade negotiations, the Canadian Export Association was told vesterdav. Mr. Thomas hinders. United States Ambassador to
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    • 176 2 Mr. Enderi said it wu no longer relevant to provide special tariff treatment for ■mall-scale agriculture in Europe and Japan. European and Japanese agriculture now was as modern as that of North America. "It is no longer acceptable to Americans—either as a matter of policy or politics to
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    • 176 2 Reuter TORONTO, Tues. Canada will sign a major economic pact with Japan during Prime Minister Pierre Trudeau'a trip to Tokyo, beginning tomorrow, official! said here yesterday. The agreement, similar to one completed between Canada and the European Economic Community (EEC), ia designed to encourage greater
      Reuter  -  176 words
    • 344 2 UPI Reuter MANILA, Tues. President Ferdinand Marcos, armed with an apparent new mandate for his martial law rule, today announced he would soon purge a number of government officials. In a brief interview with newsmen, Mr. Marcos did not specify how many officials were Involved
      UPI; Reuter  -  344 words
    • 361 2 UPI HONGKONG, Tues. China's New China News Agency (NCNA) today accused the Soviet Union of using "missile diplomacy" in a dispute with Norway on delineation of the continental shelf in the Barents Sea. The official news agency also accused the Soviets of
      UPI  -  361 words
    • 314 2 UPI MADRID, Tue». Giving what they called a Euro-pean-style response to government-Imposed wage controls, Spain's underground Labour Unions have called a national 24-hour general strike for Nov 12. The Illegal strike will be a test of strength for the unions which failed to get substantial
      UPI  -  314 words
    • 304 3 Pressures on about to reverse, say brokers Reuter LONDON, Tues. The monetary forces which are responsible for much of the decline in sterling are about to reverse, because the British Government now appears to be determined to curb the excessive growth of the money supply, stockbrokers W. Green well and
      Reuter  -  304 words
    • 50 3 UPI FRANKFURT, Tues. Brokers at the Frankfurt Foreign Currency Exchange were busy on the telphones last Monday following the revaluation of the mark. Finance Ministers and banking presidents of the seven monetary "snake" countries decided last Sunday at a meeting in Frankfurt to revalue the mark.
      UPI  -  50 words
    • 74 3 Reuter LONDON, Tues. The index of UK retail sales fell to a provisional 108.5 in September (base 1971), seasonally adjusted, against 108.9 in August and 106.1 in September last year, the Industry Department said. Retail sales by volume, not seasonally adjusted, rose a provisional 15 per
      Reuter  -  74 words
    • 278 3 Reuter WASHINGTON, Tues. Treasury Under-secretary for Monetary Affairs Edwin Yeo urged a cautious approach in adopting International Monetary Fund guidelines for surveillance of the new floating exchange rate policy. He also told a meeting of a Congressional economic s(ib-commlttee he does not believe
      Reuter  -  278 words
    • 152 3 Reuter NEW YORK, Tues. The Federal Reserve Board is unlikely to change monetary policy significantly in the short-term, bankers trust co-vice president Donald Wooley said. Mr. Wooley told reporters be does not expect short-term interest rates will decline significantly this year from present levels, but
      Reuter  -  152 words
    • 80 3 Reuter B ARNSLEY, (England), Tues. Delegates representing 66,000 Yorkshire members of the National Union of Mine workers called on the union's national executive to hold a national ballot to decide whether industrial action should be used to back their claim for earlier retirement and higher
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    • 1301 3 BY ,JACQI KS (LAFIN IN SAI.ISIU HV UPI RHODESIAN Prime Minister lan Smith and four black leaders meet In Geneva this week to try to lead their country away from bloodshed and toward black majority rule In two years time. Prodded by
      UPI  -  1,301 words
    • 1151 3  -  Despite a possible extradition order and 15 summonses hanging over his head, Jim Slater still travels to his new offices in his maroon, chauffeur-driven RollsRoyce, displaying no sign of*a man in trouble. By GERRY BUTCHER Financial Times FOR some farseeing people the multi-coloured balloon of
      Financial Times  -  1,151 words
  • Page 2 Advertisements
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  • Page 2 Miscellaneous
    • 222 2 SINGAPORE 5 3.00 Opening announcements followeed by Serbanika (Malay) (r) 3.30 Diary of Events (Malay) 335 General Hospital 4.15 Fokas (Malay) (r) 430 Intermission 5.55 Opening announcements followed by Secret of ISIS "Fools Dare" 6.20 Consumers' Guide (English/Malay) 630 News in brief 635 Wildlife in Crisis "Doctors of the Wilds"
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 353 4 GUINNESS is still fighting hard against rising costs but it looks as if it is winning the battle. Although group pre-tax profit was four per cent down for the year ended Aug 31, 1976, the fall took place in the first half of the
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    • 497 4 THE directors of Selangor Coconuts have decided that it is in the company's interest to buy Selugra Palm Oil Factory even if the original arrangement with Kuala Sidim Rubber does not come off. The plan announced first in June appears to have
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    • 67 4 THE Stock Exchange of Singapore yesterday reassigned Ulu Benut Consolidated Industries (M) from the dollar rubber to the Industrials section under the Second Trading Section. Following the divestment of its rubber estates in 1971 and subsequent diversification into industrial activities, Ulu Benut had applied in 1973 to the
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    • 993 4 AFTER emerging successfully from one of Its most severe setbacks in the past decade, Rothmans of Pall Mall (Malaysia) Is confident that It is set on a steady growth trend again. With one reservation, the company says for the current year ending June 30, 1977
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    • 139 4 THE Pacific Development Credit group is to have a common firm of auditors Instead of the current two to facilitate the consolidation of its annual accounts, according to a company announcement. Under an agreement reached between the two firms the parent's auditors Kasslm, Chan will resign
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    • 387 4 Current Ea Date Total for Total for payment Dale payable the year previous year New Serendah 10*+ Oct. 4 Oct 21 10*+ 17.5* O.C.B.C. 5*+ Oct. 11 Oct. 23 5*+ 15*a U.A.C. 12.5% 8ept. 0 Oct. 23 25* 10.67*a K.L.K. Deb. 5.25% Oct. 6 Oct. 25 5.25* 10.5*
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    • 586 4 WITH Its new Integrated plant In full steam, Tasek Cement's chairman, Mr. E.G. Tan, Is confident of the company's ability to achieve higher profits and to pay a dividend for the current year ending June 30, 19T7 after a lapse of three years. The Ms6o
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    • 43 4 THE Kuala Lumpur Stock Exchange has asked Sungei Way Dredging and Malaysia Rice Industries for their comments on a Business Times article yesterday, which referred to the varying prices paid by these two companies for their stakes in United Biscuit Manufacturing.
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    • COMPANY MEETINGS
    • 1166 4 On October 18 PRICES on the Chicago Board Options Exchange on Monday advanced as gainers outnumbered losers 229 to 207. Turnover approximated 69,532 contracts, down from 114,991 contracts last Friday. OPTION JAN APL JLY STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Avon Avon Avon
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  • INTERNATIONAL COMPANY NEWS
    • 746 5  -  By ROBERT METZ NYT MERRILL Lynch is bullish on America, biit it appears that a relatively limited number of Merrill Lynch customers are bullish on Japan at least at the firm's offices at 345. Park Avenue. On Sept 28. Merrill Lynch and Nomura Securities
      NYT  -  746 words
    • Briefly
      • 114 5 NEW YORK. Tues. For the first nine months of this year, Boise Cascade has lifted net Income by 39.2 per cent to U5569.84 million oh a 32.4 per cent rise In sales to $1.43 billion. However, there was a slowdown In the third quarter when net Income rose
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      • 83 5 NEW YORK, Tues. Third quarter net Income at Kellogg rose from U5531.68 million to $35.77 million, making a nine-month total of $109.38 million ($86.19 million). Sales were $359.1 million ($349.4 million) for the third quarter and $1.06 billion ($.Ol billion) for the nine months. Earnings per share were 47
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      • 99 5 DETROIT, Tues. Exxon Corp chairman Mr. Clifton C. Garvin. Jr., said the US will be importing more than 50 per cent of its oil within three years and called for substantial Increases in taxes on energy as one means of conserving fuel. Speaking to the Economic Club of Detroit,
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      • 74 5 NEW YORK. Tues. Third quarter net income at St. Regis Paper fell from U5529.2 to 22.5 million on revenue up from $367.5 million to $415.6 million. For the nine months net income was $70 million ($64.8 million) on revenue of $1.24 billion ($1.06 billion). Earnings per share were
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      • 67 5 NEW YORK, Tues. On sales up from U*****.3 million to $1.12 billion, Philip Morris has reported net Income up from $60.78 million to $74.54 million. For the nine months net income came to $198.65 million compared with $159 million last time on sales of $3.13 billion ($2.67 billion).
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      • 77 5 NEW YORK. Tues. The profit improvement at Bank America Corp accelerated somewhat in the third quarter with a 12.4 per cent rise to U5592.97 million ($82.69 million). This raised the midterm rise of 9.2 per cent to 10.4 per cent at the three-quarter mark. For the nine months, net
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      • 87 5 NEW YORK, Tues. Despite suffering foreign exchange losses of 13 cents per share, Du Pont has been able to report a jump in earnings from US$l.72 to $2.03 for the third quarter, giving a nine-month figure of $7.43 compared with last time's $2.56. Total net income rose from
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      • 71 5 OSAKA, Tues. Sekisui Prefab Home, a major Japanese housing company, said it plans to float US$5O million worth of debentures in Europe on Nov 12 to raise funds for investment in plant equipment and facilities of the company and its affiliates. It said four Japanese securities firms, including Nomura
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      • 50 5 MONTREAL, Tues. Aluminium Co. of Canada said it anticipates negotiations to end a four-month strike at three Quebec smelters will resume by the end of the week. Talks between the company and the Federation des Syndicates du Secteur D'Aluminium were temporarily suspended by the provincial mediator on Oct 2.
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      • 60 5 NEW YORK. Tues. The New York Stock Exchange said trading in Kubota stocks will begin on Nov 9. Kubota is the first Japanese company to be approved under new standards established by the Exchange earlier this year for listing foreign-based companies' securities. Kubota will list 67.7 million American deposiary
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      • 28 5 BONN. Tues. The German governmentowned Lastenausgleichs Bank is raising a 100 million mark eight percent nineyear loan at par from Oct 22, a bank spokesman said.
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      • 20 5 PARIS, Tues. Dunlop's provisional first-half 1976 profit, after provisions and depreciation was 6.07 million francs (loss 9.61 million francs).
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      • 127 5 NEW YORK, Tues. Third quarter net income pf Polaroid rose from U5516.19 million to $18.73 million on sales up from $201.2 million to $236.9 million. This makes a nine month total of $47.8 million ($37.85 million) in income and $647 million ($543 million) in sales. Third quarter
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    • 167 5 Reuter BRUSSELS, Tues. After enjoying a 74.5 per cent jump in the first six months. American Petrofina has apparently fallen on hard times. For the third quarter, it suffered a 42.4 per cent plunge in net income to only U559.64 million ($16.73 million) on a 3.2
      Reuter  -  167 words
    • 144 5 Reuter NEW YORK. Tues. After a 29 per cent rise at the halfway mark, the profit increase at Minnesota Mining and Manufacturing (3M) slowed down to a mere crawl in the third quarter because of foreign exchange losses. This reduced the profit rise to only
      Reuter  -  144 words
    • 123 5 Reuter LONDON, Tues Burmah Oil has now completed a major part of its recovery f>rocramme. although it is ikeTy to be some time before satisfactory overall group trading profitability and positive cash flow can be expected. the chairman, Mr Alistair Down, said in a letter to
      Reuter  -  123 words
    • 1641 5  -  By MICHAEL LAFFERTY THK British accountancy profession will publish its version of the Sandilands current cost accounting (C--CA) system of inflation accounting on Nov 30 and then wait for the reactions, of accountants. businessmen, the City, the Government and the public. The outcome will depend
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    • 725 5  -  By JUAN de ONIS NYT THE compensation settlement reached by Peru with Marcona Mining, an American multinational concern shows how a nationalistic country can expropriate a foreign enterprise without triggering economic retaliation. The settlement, for about US$61 million in cash and other deferred payments, was
      NYT  -  725 words
  • Page 5 Advertisements
    • 137 5 ABBREVIATIONS CCA current cost accounting ASC Accounting Standards Committee CPP current purchasing power LIFO last-in-first-out All this suggests that Mr. Douglas Morpeth, whose Inflation Accounting Steering Group drafted the CCA accounting standard, and Sir William Slimmings, who chairs the Accounting Standards Committee (ASC). the body which will publish final proposals
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    • 288 5 ■■I mam v e- > BUSINESS MACHINES vitoKlr ITOKI Burglar Safe (T.D.R. and E.D.R. Specification) Equivalent to Anti-burglar standard of Underwriter's Laboratories Inc., U.S.A. Recognised and accepted by under writers. Low sum of insurance premium in this respects. Fire resistent: 2000°F contineous for 2 hours. Tested and approved by Japan
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  • 1900 6 SECTION ONE INDUSTRIALS I»7« High Low Company Last Sale +orGr'» «Hv D4» c'rr Gr'« i" P/E V«l <••••) Day Hick Law SECTION ONE INDUSTRIALS 250 206 100 237 186 402 204 248 460 137 170 172 60 185 66 254 158 172 400 39 Acma Alcorn Allied
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  • 1031 6 BID and offer prtCM officially listed and business In and reported to the Btocfc Exchange of Singapore yesterday with the number of shares traded shown in brackets In lot* of IMO units unless otherwise specified. All Time Settlement Contracts are S>ted after the word "Sett." Board deals
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  • 135 6 SINGAPORE UNIT TRU8T (Maaacsr'i prices far Oct INCOME BOND UNIT (Clint prim) 1 80 1.77 INPOMF BOND 1 07 1.13 The Savine Fund 8'poreProtFund S'pore Security Fund S'pore Invest Fund O.N 1.01 0 #0 0 85xd 1.25 1.31 103 1.08 MARA BUMIPUTRA FUND (Muafn' prices far Oct ASIA
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  • 347 6 E 1 B Bearer (IM.OM) 102*8) Y S Line Ltd (IM.OM) (101WB 102*8) Ksppsl Shipyard 1/2% 1982 i 100.000) (101 *B 101*S) Leppel Shipyard 9% 1983 ilOO.OM) (998 M*S) t O S Ext Loaa Boad (IM.OM) (97*8 98^.S) D Marh 7% B B (IM.OM) (93*8 95*8)
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  • 1070 6 BID and offer price* 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 Ami (1.78B) A)lnawata (1.S1B). Alaam (1MB), XD Alii Maid (O.MS). A.
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    • 6 6 found only in the best company...
      6 words
    • 137 6 Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modern Business Enterprise: M. Gilbert Corporation Men: A.
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  • 713 7 IN the general abeence at fresh investment support, trading turned very quiet and prices were practically static at the Stock Exchange of Singapore yesterday. Trading volume was considerably reduced. Throughout the day deals were mostly of a scattered nature and this failed to provide any significant direction
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  • 421 7 SHARES finished a shade higher in much reduced trading on the Kuala Lumpur stock market yesterday. The improved undertone could be due to the better overnight performance of overseas markets. Shortcovering in a few of the volatile issues also contributed to the fairly steady trend.
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  • 805 7 NEW YORK: Some bullish corporate earnings statements, bargain hunting and revaluation of the Oerman mark helped provide strong support for the stock market on Monday The Dow-Jones ladnstrials climbed 6.66 points to M 1.56, while the broader baaed New York Stock Exchange common stock Index added around 0.57.
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  • 265 7 AMSTERDAM: The market firmed on Monday in reaction to news of the two per cent revaluation of the mark against the guilder and Dutch Internationals all closed higher, dealers said. OCT 18 FU Ahold 78 00 +0 2 Akzo 27.10 ♦0 3 Algbank 274 50 2 AMEV 48 20
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  • 176 7 FRANKFURT: Shares closed fractionally lower on Monday after losing up to two marks at the opening, market sources said. OCT in Dm AEO 80 SO unch Akzo Allz Leben AIU Vers BASF 144 70 -0 8 Bay HT Wbank Bay Vbank Bayer 122 30 *1 BBC BMW 204 00
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  • 356 7 SYDNEY: The market rallied on sustained buying Interest on Tuesday, after sinking to a year's low yesterday, dealers said. The Sydney All-Ordinaries gained 1.82 points to 435.84. News of the Poseidon receivership had already been discounted and tiad no adverse effect on trading sentiment, they said. OCT I* Cents
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  • 279 7 JOHANNESBURG: Oolds were quietly firm through the day on Monday, following generally higher bullion indications, dealers said. OCT IS Rand INDUSTRIALS A Alpha 82 -21 Abercom 253 unch AE And CI 180 AMIC 796 +5 ATI Bankor Barlows 262 unch Cf Sugar CNA MOB 1S0B Currte Finance 44 unch
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  • 261 7 ZURICH: The market was steady in quiet turnover, on Monday, with price changes limited, dealers said. One exception was the firmer Zurich Versickerung which was considerably higher. Juvnu, Sandot Participation Certifies tea and Alusuiaae Barn advanced moderately, while Buokrla Holding slipped back In a generally quiet foreign sector, dollar
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  • 240 7 TORONTO: Share prices edged fractionally higher on the Toronto Stock Exchange with the Industrial Index up 0.65 at 177.60 on Monday. Advances closed ahead of declines by 175 to 166 with Wei Issues unchanged. Trading continued sluggish as volume Increased only slightly to 1.4 million from last Friday s
    240 words
  • 295 7 PARIS: Book-Squaring ahead of the Momogly Settlement date, this Thursday, helped to drive the market slightly higher In quiet trading on Monday, dealers said OCT If Prs Alr-UquKK BSNOtnrUl Danone C 8 F (ThotnsonC»f) Cle Francalse dct Petroies Citroen SA Compagnie Financier* Compazine Generate Credit Foncler De France Hachett*
    295 words
  • 126 7 BRUSSELS: The market was mixed to higher on Monday, encouraged by the revaluation of the Oerman mark and the prospect of a return to stability on the foreign exchange market, dealers said. OCT III Fr» FORWARD MARKET Acec 314 -1 Arbed 3530 135 Astur 1042 22 Brascan 425 -4
    126 words
  • 115 7 MILAN: The market closed lower in fairly active trading on Monday, reacting to weekend credit controls, dealers said. OCT IS Ur* 4■/• Ante 392 AaocOtn ***** -1080 Bastofi mo -IS Central* mm •100 rut 1330 -37 PtnaMer 225 -74.5 Ocn Immob M in Pn 1542 -38 Ilateemenu 149*0 -510
    115 words
  • 120 7 MANILA: The market was again generally easier In dull trading, dealers said. The Commercial and Industrial Index was down 0.39 to close at 74.82. Turnover was valued at 5,135,699 pesos. OCT It Pesos acojc Mining 015 Atlas Con A SO 25 >0 25 A tits Con B 90 0
    120 words
  • 320 7 HONOKONO: The market closed firm on Tuesday but below the day's highs as an Initial uptrend petered out on lack of interest, dealers said. Trading was fairly quiet. Turnover on the four exchanges fell to $28.10 million from Mondays >37.81 million. The Hang Seng Index rose 2.73 points to
    320 words
  • 79 7 OCT I* Bahts Asia Fibre 122 -2 Bangkok Bank 243 unch Bangkok Invest 1438 Bangkok-Metro-poll tan Bank Bat* ***** ur V Berll Jucker Charoong Thai Wire Dumex Duslt Than) Faber Merlin First Trust Indo-Thai J And J Ho Jala pra than Cement unch Karnasuta unch Lee Kwang Mln Metal
    79 words
  • 390 7 TOKYO: The market declined across the board on Tuesday, with Investors reserved In view of the slow recovery of the domestic economy, dealers said. The Dow Jones average fell 36.06 to 4.645.32 with volume 140 million shares. The Tokyo New index closed at 347.91. down 1.79. The second market
    390 words
  • 747 7 LONDON, Tues The stock market turned mostly easier on restricted interest as sterling declined, dealers said. Some Government stocks lost around point in short and longer dated loans after early steadiness, while leading industrials generally closed off the bottom with falls of around one penny. At 3 p.m., the
    747 words
  • 54 7 FINANCIAL TIMES INDUSTRIALS 292.9 286.1 TINS 118.34 119.09 123.44 RUBBERS 489.24 473.90 Week ago 463.17 OILS 345.82 333.83 315.67 DOW JONES AVERAGE INDUSTRIALS 937.00 940.82 LONDON DOLLAR PREMIUM Monday \\1% 117*»% Friday ll»'i to \vn H.K. HANG SENG 380.26 392.45 SYDNEY INDUSTRIALS Mondav 368. 76 372.95 377.9* ALL ORDINARIES
    54 words
  • Page 7 Advertisements
    • 339 7 tm Yes, Penguin books are not to be found in any ordinary shop. N Qt n roac _s c e stalls. Heavens, certainly not in the pasar malamf Because Penguin books are rather special. They are mind-stimulating, deeply researched, K t entertaining in a wholesome way, highly educational Ma Q
      339 words

  • laaioiop^
    • 652 8 THE Singapore rubber market opened fractionally higher yesterday, then fluctuated between 207.00 and 208.00 cents in light dealings. After noon, some local and upcountry member short-covering emerged and pushed November to a high of 209.75 cents, but It fell back slightly towards the close. Turnover was moderate. The
      652 words
    • 108 8 No* i)ec. HAS. (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Seller* (cent* per kf > (cent* p< srk«) SSR20 (1 ton pallets) 189 50 191 50N 190.50 192 50N SSR50 (1 -ton Pallets) 187 00 189.00N 188.00 190 00N M.K.E.L.B. SMR5CV (1 ton Pallet) 217.50 218.50N 218.50
      108 words
    • 140 8 THE Straits tin price In Penang yesterday fell $5.00 to close at $1,185.00 per plcul on an official offering up 3 tonnes to 220 tonnes. In LONDON on Tuesday, Tin standard rose by about £11 for Cash and £20 for Three Months while high grade gained about £17
      140 words
    • 137 8 LONDON, Tues Sliver closed barely changed on the day, at 254/255p In spot and 264.7/265.7p In Three Months. Dealers reported dull, featureless trading with low volume and minimal Interest of any kind. On Monday afternoon, silver gained Just under two p on the day, closing 253.5/254.5p in Spot and
      137 words
    • 30 8 Rubber: Oct 19 Singapore: Not. 209.00 eta (op 2.50 eta.) Malaysia: Nov. 214.00 eta. (up 2.80 eta) Tin: $1,188.00 (down U) Official offering: 220 tonnes (up 3 tonnes)
      30 words
    • 118 8 THE following Palm Oil prices were quoted in London on Monday. The price* are elf Rotterdam »nd are quoted In 118 dollars per long ton unless otherwise stated. Moa*^ Prev. Malaysian b% ffa bulk Dec/Jan Sumatra 5% Oct Nov Dec Jan Feb Mar Nigerian 5* ffa bulk sterling
      118 words
    • 254 8 CHINESE PRODUCE EXCHANOE SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk 170 sellers, old rum $75 sellers, new drum (80 sellers. Copra: Mixed (loose) UK/Cont. <45 buyers. Pepper: Muntok ASTA white f.o.b. 100% NLW $325 sellers. Sarawak white fob 96% NLW $3vo sellers. Sarawak special black
      254 words
    • 364 8 THE kllobar wu quoted at S$9,290 in early trading In the Singapore gold market yesterday. In a thin and hesitant market the price declined to S$9,235 In expectation of a lower fix in London. On a loco London basis the metal was quoted at US$116.50 and drifted down to
      364 words
    • 205 8 LONDON. Tues. On Monday afternoon, copper wire bars on the day showed sains of £4 for Cash and fully £5.50 for Three Months. The market softened Initially In sympathy with the easier New York opening but subsequently edged higher on small covering support prompted by a recovering tendency In
      205 words
    • 55 8 LONDON. Tues. On Monday afternoon, zinc closed £1 up for Cash and £2.25 higher for Three Months. This metal was well malntaned on further covering against European physical sales and Three Months traded up to £402 in the ring, and £408 at the end of the kerb. Bales of
      55 words
    • 42 8 LONDON Tues. On Monday afternoon, Lead nnished with gains of £2.25 for cash and £2.75 for three months. After hesitating at the outset, the market steadied In line with copper but the Dace of business was slow. Sales were 425 tonnes.
      42 words
    • 128 8 LONDON. Tues. On Monday afternoon, dealings, prices drifted lower with New York under light selling and long liquidation in thin dealings. At the close values were £0.35 to £0.95 down. Sales totalled 1,852 lots. In NEW YORK on Monday, sugar futures closed steady with prices at 0.08 to 0.04-cent
      128 words
    • 155 8 LONDON Tues. Robusta futures opened easier with losses from Monday's close ranging £17 to £7 per tonne. Volume at the opening call totalled 795 lots of which 400 lots were bloc self-trades. Dealers said early profit taking from the recent highs touched off a few stopfoss selling orders with
      155 words
    • 109 8 LONDON, Tues. A total of 50,952 packages of tea were offered at this week's auction, the Tea Brokers Association reported. Bright Assams again sold well and often gained several pence but most others Including Dooars met with a more selective enquiry and did not always realise valuations. Brighter Africans
      109 words
    • 57 8 BANGKOK, Tues. Indicative prices for rice quoted yesterday were: US dollars per tonnes FOB basis Bangkok, Loonsaln: Unchanged, Parboiled: Unchanged, Mai it: Unchanged. In HONOKONO yesterday, the market was quiet with prices unchanged. The day's turnover totalled 288 ions comprising Thais 98, Kwangtungs 104 and Australia* 88. Arrival were
      57 words
  • MONEY AND EXCHANGES
    • 579 8 THE Singapore foreign exchange market returned to routine trading yesterday after the confusion arising from the West German mark revaluation died off. The deutsch mark opened at Dm 2.4425/40 against the US dollar and rallied steadily to Dm 2.4390/2.4400 when the London market came In the late afternoon (Singapore
      579 words
    • 161 8 Asian rates ASIAN currency deposit interbank rates u at close on Oct It: US Dollar* (Spot) Offer Bid 7 day* 51/8 S 1 mth 5 3/16 51/16 2 mthJ 5 via 5 3/16 3 mthi 5 3/8 6 mthi S 13/16 511/16 9 mths 5 15/18 513/16 12 mthj 63/16
      161 words
    • 58 8 RANGE of prices orfered by dls count houses on Oct. IS. Overnight 2 5/8 to 3 1/8* Call deposit 2 3/4 to 3 1/8*. Closiac Buy Sell 3-Month Treasurer bills 3-Month 3 1/4 Bank bills 4 7/16 3-Months CD 4 #/l« 8-Month 4 15/18 3 1/8 4 S/lt
      58 words
    • 109 8 Euro rates LONDON, Tues Trading In Eurodollar deposits was small with operators still concentrating on the foreign exchange market, following the mark reva-. luatlon within the Joint float, dealers said. Period rates opened basically steady but lack of loan demand and a slightly offered tendency caused an easier undertone In
      109 words
    • 45 8 Minimum lending rates (in acbc J 7 Citibank 7 7to MKSBC 7% Bonk of Amarico 1 IndOMMX 7 Book o4 Ch.no 7V, Malayan Bonking 7 7 7 Bonk Nogoro OCBC 7 7'A OUB 7 UCB 7Vr ChoM Monhonon 7 UMBC 7% DBS 7 uoe 7
      45 words
    • 269 8 THIS years record outflow of vegetable oils and other oils and fats will not be repeated In 1977. This Is the forecast of the United Btates Department of Agriculture which keeps a close eye on the world's major source of vegetable oil American soyabeans. USDA forecasts world
      269 words
    • 163 8 Reuter BANGKOK, Tues. The rice market remained as a standstill during the week under review. According to trade sources, rice exporters were not making offers in the absence of definite Information regarding their rice sale to the government stockpile. The government announced that exporters were required
      Reuter  -  163 words
    • 577 8 LONDON, Tues. The mark began to strengthen steadily tn light early trading, pulling float currencies up generally against dollar and sterling. The guilder held very firm against the mark but the German unit began to rise towards the top of Its newlydefined float limits against some of the weaker
      577 words
    • 229 8 NEW YORK, Mon. The dollar closed stronger on balance after a confused trading session here following the revaluation of the mark in the European joint float, dealers said. The mark closed lower at 40.90/92 cents from 40.95/97 on Friday. The guilder fell to 38.95/98 cents from 39.13/15 while
      229 words
    • 132 8 TOKYO, Tues. The US dollar for overnight delivery closed higher at 292.30 yen, compared with 291.40 at Monday's close, although unchanged on Tuesday's opening. Dealers said the US currency initially recovered from Monday's heavy fall on buying interest and covering reflecting an overnight advance by the dollar in overseas
      132 words
    • 33 8 HONGKONG banknotes quoted on Oct 19: US 4.83/4.85 UK 7.90/8.10 Burma 2.00/2.50 India 4.45/4.75 Indonesia 1.12/1.16 Japan 1.65/1.66 Korea 0.90/0.95 Philippines 0.59/0.62 Singapore 1.96/1.98 Malaysia 1.90/1.92 Brunei 1.915/1.935 Thailand 23.10/23.40 Taiwan 12.00/12.30
      33 words
    • 50 8 AUSTRALIA/NZ exchanges quoted on Oct 19: Australia: Sterling 0.7520/0.7442 US dollar 1.2354/1.2304 Ninety day air mail buying rates: Sterling 0.7891, US dollars 1.2634 Ninety day forward buying rates: Sterling 0.7693, US dollars 1.2192 New Zealand: Sterling 0.5862/0.5827 US dollar 0.9744/0.9644 Ninety day forward rate: Sterling 0.6380, US dollar 0.9932
      50 words
    • 43 8 ZURICH exchanges quoted an Oct 18: US 2.4550-4560 UK 4.0655-0690 Can 2.5230-5250 W'germ 100.40-49 Neth 95.60-70 France 48.89-93 Belg 6.53-%-54-Vi Denm 40.80-89 Norw 45.67-74 Swed 57.20—27 Italy 0.2806-2824 Austria 14.14-14.17 Port 7.79-7.83 Spain 3.59- 3 /«60-'/j Arg 1.25-2.25 Japan 0.83- j /4t84-'-4
      43 words
    • 34 8 FRANKFURT exchanges opening quotes on Oct 19: US 2.4390/4410 Can 2.5075/85 UK 4.020/035 Neth 95. i 9/25 Switz 99.47/62 Italy 2.78/81 France 48.65/80 Norw 45.45/53 Belg com 6.50/52 Belg fin 6.33/34 Japan 0.8360/75
      34 words
    • 231 8 EUROBOND prices quoted on Oct 19: STRAIGHTS BID OFFER CONVERTIBLE BID OFFER A lean 9HPe 1988 104 H 105% Borden 5Pc Beatrice 4 'iPc 100'. 100 102'% 102 BFCE8%.Pc 1063 >01 102 Broadway 79 81 Brascan »%.Pc 102 V. 103%. Dart 85 87 Charbonnim 8%.Pc 100 V, 101%
      231 words
  • Page 8 Advertisements
    • 160 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Hmes 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)
      160 words

  • TRANSPORT AND COMMUNICATIONS
    • Article, Illustration
      449 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Alisher Navoi (after Straat Fremantle Rhexenor) 10/11. Auby (1200 20 West. Barge Sin Llan Huat 3 (1600 after Prometheus shifts) 2/3. Gan Shan (3ESM) (after Lloyd Bakke) 35/36. Joan D'arc (0600 after King Lion) 24. Kimanls (1830 shifts after Ta Fong) (Agent's Request)
      449 words
    • 509 9  -  By PETER GREGSON BRITAIN and the United States resume negotiations this week on air travel between them after defusing a potentially serious row. At the bottom of the dispute are British demands for a 50-50 share-out of passengers and money on
      509 words
    • 129 9 EMERY Air Freight, the world's largest air freight forwarder, has appointed' Van Movers of Kuala Lumpur as its agent for Peninsula Malaysia. Emery's Singapore manager, Mr. Graeme Boykett, who is in Kuala Lumpur to advise clients of the new agency arrangement, said the steadily improving
      129 words
    • 123 9 THE Jockey Griphoist it a new product from Belgium which can lift, lower or pull anything as heavy as 400 kg. It can be used for lifting or lowering heavy furniture, even refrigerators, to and from upper floors of buildings. For emergencies, it can pull cars bogged down
      123 words
    • 541 9 ARRIVALS Service Local Operator Number Hum From CPA CX003 0145 HKO TMA TL304B 0530 TPE PAA PA841 0835 SFO/HNL/OUM CAL CI816 1000 HLP JAL JL712 1000 HLP SIA SQ209 1010 HLP OLA QA980 1030 HLP CPA CX710 1030 HLP THAI T0423 1035 BKK THAI TG981 1050 BKK
      541 words
    • 62 9 Reuter LONDON, Tues. Ford Motor sacked 10 workers at its Dagenham plant. They continued a strike In the face of a demand from the company that they return to work, the Press Association reported. The men stopped work on Thursday in protest against the dismissal of a colleague
      Reuter  -  62 words
    • 101 9 Reuter HAMBURG, Tues. The Ham burg-4ased shipowner Willy Bruns said he and other unnamed West German shipping interests have offered U*****.35 million for 10 refrigerated vessels belonging to Maritime Fruit Carriers. Mr. Bruns said in a telephone interview he Is making a counter bid on behalf
      Reuter  -  101 words
  • Page 9 Advertisements
    • 591 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
      591 words

  • 1037 10  -  By HUGH MULLIGAN AP UNEMPLOYMENT in the United States and Europe and Iran's booming oil economy are luring back many of the Iranian students who went abroad to study and refused to come home. Some of these stay-away students formed
    AP  -  1,037 words
  • 814 10  -  By LESLIE GELB NYT IN THE presidential foreign policy debate last week, Jimmy Carter declared that "if the Arab countries ever again declare an embargo against our nation on oil, I would consider that not a military but an
    NYT  -  814 words
  • 892 10  -  By MARCUS ELIASON AP THIRTY years ago Israel's founders thought they had created a salary system that would be a model of socialist egalitarianlsm. Today, they face a Frankenstein monster that threatens to tear apart the fragile economy. The wage structure, which links
    AP  -  892 words
  • 926 10  -  By W. FARRELL Afikim (Israel) NYT A SEARING October afternoon in the Jordan Valley. The sun scorches the bald pates of the bleached hills in the distance, siphons precious moisture from the irrigated acres of baking crops and stuns a stroller
    NYT  -  926 words
  • 623 10  -  By JOEL EPSTEIM Ein Gedi (Israel) AP IN THE searing salt earth of a land cursed by god, Isrealis are growing a garden of dates, mangoes and vegetables. They are doing it with the help of an lareali-developed system of conserving water called
    AP  -  623 words
  • Page 10 Advertisements
    • 272 10 We Help You To Mind \four Own Business The Republic's foremost Business Review The regular review of Singapore's business scene, compiled for easy reference by executives. Noted commentators and experts present facts and figures with opinion-forming discussion of topical features. SINGAPORE TRADE INDUSTRY brings a balanced understanding of the forces
      272 words

  • 243 11 AP Reuter UNITED NATIONS, Tues. By unanimous consent, the UN General Assembly yesterday, granted the Commonwealth Secretariat the right to participate as an observer in its proceedings and those of its subsidiary bodies. The resolution granting observer status was sponsored by all 33 members
    AP; Reuter  -  243 words
  • 228 11 UPI MOSCOW, Tues. Soviet leader Leonid Brezhnev in a reference Western experts said could be an approach to the new Chinese regime, called yesterday for patient step by step building of Asian relations with constructive dialogue. "Touching on problems of Asia," the Soviet
    UPI  -  228 words
  • 199 11 Accord on December EuroArab talks in Tunis AP LUXEMBOURG, Foreign Ministers of the nine-nation European Common Market agreed in principle yesterday to hold the third round of talks with the Arab nations aimed at getting the "Euro-Arab" dialogue off the ground. The meeting, which will be held at the ambassadorial
    AP  -  199 words
  • 122 11 SYDNEY, Tues. Prime Minister Lee Kuan Yew, outside Sydney airport, is seen speaking briefly with media representatives who covered his arrival in Australia. Mr. Lee who arrived in Sydney on Sunday, was met today in Canberra by Prime Minister Malcolm Fraser, opposition leader Gough Whit lam,
    122 words
  • 863 11 Reuters NYT WASHINGTON, Tues. President Ford, two weeks from election day, faced a new political headache today over his response to critical remarks by General George Brown, chairman of the US Joint Chiefs of staff, on Israel, Britain and Iran. Gen.
    Reuters; NYT  -  863 words
  • 118 11 AP BANGKOK, Tues. Thailand's consumer price index registered 186.7 in August, up 0.86 per cent from July and up 3.84 per cent from a year earlier, the Department of Business Economics said today. The index is calculated on a 1962 base of 100 and is not seasonally
    AP  -  118 words
  • 31 11 UPI ISLAMABAD?" Tues. Saudi Arabia's King Khaled presented Pakistan Prime Minister Zulflkar All Bhutto a Rolls Royce car during his six-day state visit here last week, officials said. UPI
    UPI  -  31 words
  • 518 11 AP WASHINGTON, Tu'es The Government probably contributed to the current slowdown In US economic activity by falling to spend all of its budget in 1976, a growing number of economists believe. Even within the Admlnistra'lon, one highly placed economist said the shortfall in government
    AP  -  518 words
  • 316 11 UPI PARIS, Tues. French labour unions polished preparations today for new strikes against the government antl-lnflation programme while their allies sought its defeat In Parliament In a censure motion debate. The national assembly was called Into session today to vote on a CommunistSocialist
    UPI  -  316 words
  • 140 11 AP LONDON, Tues. The Timet of London ku started printing on lightweight newsprint made in Finland by process that reduces timber consumption by 25 per cent, the newspaper said today. The Times reported it is the first major newspaper in the world to make use
    AP  -  140 words
  • 345 11 Reuter UPI TOKYO, Tues. The 80vlet Union today officially told Japan that It had no plan to exchange messages on today's 20th anniversary of the restoration of diplomatic relations between the two countries, the Japanese Foreign Ministry said. Japan had been sounding out the
    Reuter; UPI  -  345 words
  • 283 11 Reuter UNITED NATIONS, Tues. Mexican President Mr. Luis Echeverria has emerged again as a possible candidate for the U.N. Secretary-General's post, but Mr. Kurt Waldheim is expected to win the election. The Mexican delegation announced yesterday that if a "current of opinion" favoured a Third
    Reuter  -  283 words
  • Page 11 Advertisements
    • 856 11 APPOINTMENTS A leading manufacturer of electronic components have the following vacancies in their rapidly expanding organisation: MANUFACTURING SPECIALIST The Manufacturing Specialist is responsible for the adequacy effectiveness and planned use of production equipment, tools, facilities and manpower. He provides detailed planning, operating instructions methods, processes and assists in training the
      856 words
    • 409 11 FIELD SALES MANAGER (FOOD A BEVERAGES) A BOLD AND SUCCESSFUL FIELD SALES MANAGER IS REQUIRED TO LEAD AND SUPERVISE A SALES TEAM PROMOTING INTERNATIONALLY FAMOUS COGNACS, WHISKIES AND OTHER LIQUOR LINES TOGETHER WITH A RANGE OF FOOO AND OTHER BEVERAGES HE WILL BE DIRECTLY RESPONSIBLE FOR SINGAPORE SALES AND DEVELOPMENT
      409 words

  • 514 12 Reuter TOKYO, Tues. Prime Minister Takeo Miki launched a major counterattack against his political opponents tonight, telling the nation he intended to stay in power even after a general election that must be held by Dec 9. "No Prime Minister will stake
    Reuter  -  514 words
  • 233 12 LOCAL shipping firms have come under criticism from the Singapore Organisation of Seamen (SOS), which echoed accusations from London that some locally registered ships are excessively old and are safety hazards. SOS claims that some local firms buy second-hand vessels which have exceeded their
    233 words
  • 220 12 KUALA LUMPUR. Tues. Malaysia welcomes the chief foreign policy adviser to the new Thai junta. Tun Thanat Khoman, if he wants to make a visit here. Foreign Ministry sources said today. "We have received no official indication so far that he is coming. If he
    220 words
  • 182 12 Reuter BANGKOK. Tues. Two Thai defence volunteers were killed in a clash with an unknown number of communist guerillas near the border with Laos at Übon Ratchathani Province in north-east Thailand yesterday, the ruling military council said here today. The military leaders said one
    Reuter  -  182 words
  • 133 12 AP LONDON, Tues. Britain's ruling Labour Party is badly trailing the opposition Conservative Party in national voter opinion polls because the public feels the Government has mishandled the country's economic situation, the Conservative Dally Mall newspaper reported today. The survey gives Mrs. Margaret Thatcher's Conservatives
    AP  -  133 words
  • 105 12 Reuter TOKYO, Tues. The Japanese Trade-industry Ministry said it revised downwards the industrial production index for August. seasonally adjusted. to 126.0 from the preliminary 127.2. The new August figure declined 1.7 per cent from 110.5 in August 1975. August shipment index was also revised downward to 130.8
    Reuter  -  105 words
  • 100 12 Reuter NEW DELHI, Tues. Indigenous production of crude oil in India is expected to rise to 14.18 million tonnes in 1978/79, the last year of the Fifth Plan, a revised target set in the final Fifth Plan document shows. The new target marks an increase of
    Reuter  -  100 words
  • 278 12 KUALA LUMPUR, Tues. A Malaysian company has found a new use for rubber which will result in considerable savings for the mining industry. Shum Yip Leong Rubber Works is now waiting for patent approval of its invention an all-rubber screen cloth/plate to be
    278 words
  • 106 12 SUVA, (Fiji), Tues Clear Lake Sa, a Panamanian company owned by American land developer Trammel Crowe of Dallas, has proposed to build a 250room,FiJi $4 million (about Sslo.B million) resort hotel on a 174-hectare beach property in FIJI. Mr. Ronald Cavanaugh of the native
    106 words
  • 89 12 A NEW union known at the Public Service* Daily Rated Employees' Union is in the process of being set up. The union is intended to represent all daily-rated employees in the statutory boards, other than those in the Public Utilities Board, Port of Singapore Authority and the
    89 words
  • 721 12 KUALA LUMPUR Tues The Associated Chinese Chambers of Commerce and Industry has submitted a memorandum to the Government calling for the abolition of the Industrial Co-ordination Act which was enforced last May I. The memorandum signea by Datuk Wong Tok Chai, honorary general
    721 words
  • 770 12 UPI BONN, Tues Sentlipent Is being expressed in West Germany for dissolution of the monetary bloc which regulates the exchange rates of the Deutsche mark and six other European currencies. The opposition to the "Snake" the nickname for the bloc came into the
    UPI  -  770 words
  • 526 12 AP BANGKOK, Tues. Thailand's military Junta has announced a US$3.4 billion (558.33 billion) deficit budget for 1977. But official sources said today more funds would be allocated later for the military's top priority anti-communist campaign. The budget is basically the same one approved last month
    AP  -  526 words
  • 263 12 AP TEL AVIV, Tues. The nominee for governor of the Stat* Bank of Israel was taken into custody by police late yesterday for investigation of allegations that he participated in corrupt land deals. As her Yadlin was to appear before a magistrate today, and the police
    AP  -  263 words
  • 177 12 SINGAPORE Airline* has chartered one of its Boeing 737 aircraft for uee by a local tour group to conduct a series of outings to Thailand. The BS-seater aircraft will be provided complete with flight crew and hostesses for the 80-minute flight to Haadyai twice a week.
    177 words
  • 90 12 WRITS of summons were filed at the High Court yesterday against Eddie Lien Kok Wah by the Bank of East Asia for $59,392 for money lent and advanced to the defendant; Wedgewood International by William Jacks and Company for $32,330 due for services rendered and materials supplied;
    90 words
  • 110 12 EQUIPMENT used for land mining operations, estimated to be worth more than $5 million, has been shipped from Indonesia to Singapore and will be auctioned off ip what may be the biggest auction sale of this type in Singapore. The equipment which belongs to Drilling and
    110 words
  • 310 12 CANBERRA, Tues. Prime Minister Lee Kuan Yew and his Australian counterpart Malcolm Fraser spent more than two hours at talks with their senior Ministers and officials In Parliament here today. No details of the talks were released, but spokesmen for both sides said the talks
    310 words
  • 256 12 A SWEDISH business group one of the biggest organised to visit Singapore, arrived yesterday as part of a factfinding and familiarisation tour of the Far East. The "business and study tour" group with its 110 members will have the unique opportunity of meeting and discussing with
    256 words
  • 99 12 SINGAPORE is the fifth largest market for American poultry meat and In the first eight months of this year imported US$4.5 million worth of it. Three representatives of the poultry and egg marketing board of the United States, led by Mr. Lee Campbell, vice-president of the Poultry
    99 words
  • 102 12 ENG Ho Timber Trading, of Jalan Bahru Selatan, was ordered yesterday to pay $134,666 and costs to timber merchant Mr. Teo Swee Gek in a civil suit at the High Court here. Mr. Teo's claim represented the balance of the price of logs which he had imported
    102 words
  • Page 12 Advertisements
    • 94 12 ace to lunch. You expect the best. You want your clients to have the best. So when you come to the best. that's exactly what you'll get. The best. Yourchoice from our exhilarating gourmet menu. With fine vintage wines And of course, the impeccable service that you have naturally come
      94 words