The Business Times, 21 October 1976
1976-10-21
1
12
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section10 1976-10-21 1 BUSINESS TIMES M:<T.(P) 1455/76 THURSDAY, OCTOBER 21, 1976 50 CENTS10 words
-
NEWS SUMMARY
-
Article48 1976-10-21 1 THERE will be no publication of Business Times on Friday, a public holiday. Publication resumes on Saturday and a bumper 14-page issue will Include all local share market transactions on Thursday as well as all overseas market reports and prices for Wednesday and Thursday.48 words
-
Article71 1976-10-21 1 Reuter. TOKYO, Wed. Senior government sources said today they now expected Japan's fiscal 1976 trade surplus to total between US$7 billion and $8 billion (Ssl7 billion and $20 billion) up from earlier Government estimates of slightly over $6 billion. This followed studies by government ministries indicating importsReuter. - 71 words
-
Article46 1976-10-21 1 UPI. CANBERRA, Wed. The Australian Government is seeking a As2oo million (Ss6o4 million) loan in New York, Treasurer Philip Lynch said today. He told newsmen the Government had begun negotiations for a public bond issue on the New York Stock Market. UPI.UPI. - 46 words
-
Article62 1976-10-21 1 Reuter. TRIPOLI, Wed. Libya will not attend the Cairo Arab summit conference due to discuss the new Lebanese peace plan next Monday, the official news agency ARNA reported today. ARNA quoted a reliable source at the Libyan Foreign Ministry as saying Libya would not attend the summitReuter. - 62 words
-
Article76 1976-10-21 1 NEW YORK. Wed. Britain, France and the US cast a triple veto in the United Nations Security Council yesterday killing a hard-line resolution imposing a mandatory total arms embargo against South Africa to enforce its withdrawal from Namibia (South-west Africa). The three powers argued that the Council could76 words
-
Article39 1976-10-21 1 STOCKHOLM, Wed. Swedish news media have reported that 61-year-old American novelist Saul Bellow will be named as the winner of the Nobel prize in literature, although the official announcement will not be made until tomorrow.39 words
-
Article65 1976-10-21 1 An extra seat. AP BONN, Wed. Chancellor Helmut Schmidt's majority in the new West German parliament increased from eight to 10 today following a routine recount of the 38 million votes cast in the Oct 3 national election. The federal election commission announced the recount added one seat to Mr.AP - 65 words
-
Article42 1976-10-21 1 UPI NEW YORK, Wed. Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 indus 948..30 down 1.67; 20 transp 206.62, down 0.25; 15 utils 96.85, down 0.03; 65 stocks 298.56, down 0.41. UPIUPI - 42 words
-
-
Chief Price Changes
-
Article, Illustration180 1976-10-21 1 TRADING at the Stock Exchange of Singapore remained dull yesterday. Price movements were narrow and volume low. After going on the uptrend over the previous three trading days, Haw Par fell four cents to 93 cents. The Business Times index fell 2.95 points to 249.47 while the180 words
-
Article115 1976-10-21 1 1 Falls Most active F.E L.'ston $2 40 -.31 Haw Par 380.000 Rothmans $3 00 -.18 General Lumber 76,000 Bala $2 20 -.12 Pan Electric 75.000 U U K »0 W -.10 Sel Prop $1 48 -.10 Si me Darby $3.50 06 D B S S3 80115 words
-
-
Article, Illustration978 1976-10-21 1 QUEK PECK LIM - WITH ONLY ONE MORE BID TO GO By QUEK PECK LIM H.A. O'CONNORS, that much sought after little company, founded by Mr P.H.B. Dowson and two others, seems about to surrender itself. Throughout the week, senior officials of Morgan Guaranty and Partners; merchant bank978 words
-
Article144 1976-10-21 1 DEMAND FOR MARK HITS Reuter FRANKFURT. Wed. Renewed demand for marks pushed the United States dollar to its lowest level for more than 15 months and sterling back below the fourmark level. The dollar fell to 2.4200 marks this morning before moving up very slightly at the early afternoon officialReuter - 144 words
-
Article610 1976-10-21 1 Reuter CANBERRA, Wed. Singapore Prime Minister Lee Kuan Yew. braced by a firm Australian commitment of defence and economic aid, resumed private talks tonight with Prime Minister Malcolm Fraser before leaving Canberra on the next stage of his tour of this continent. As the two leadersReuter - 610 words
-
303 1976-10-21 1 Reuter. LONDON, Wed Britain's industrialists today urged lower taxes, continued wage restraint and wholesale cuts in government spending as the most likely prescription to restore national prosperity. "We do not apologise for nailing our flag to the mast of the market economy," said the Confederation ofReuter. - 303 words
-
Article99 1976-10-21 1 Reuter. LONDON, Wed. Midland Bank said it raised its base rate to 14 per cent from 13.5 per cent, effective Oct 21. It raised its seven-day deposit rate to 11 per cent from 10.5 per cent. Midland Bank thus moves into line with Barclays Bank which raised itsReuter. - 99 words
-
Article172 1976-10-21 1 Reuter. MELBOURNE, Wed. The Poseidon receiver-manager Noel Buckley said he expects it will be some weeks before the company files a statement of affairs with the South Australian Registrar of Companies. He said the statement, setting out Poseidon's assets and liabilities, will then become availableReuter. - 172 words
-
232 1976-10-21 1 Reuter. HONGKONG, Wed. Mr. Peter Thiell, general manager of the textiles division of the German firm Jebsen and Jessen, said Hongkong Government representatives should take a tougher stand with the European Economic Community when the next Hongkong EEC textile restraint agreement is negotiated. InReuter. - 232 words
-
Article66 1976-10-21 1 Reuter PANAMA CITY, Wed. US special negotiator Mr Ellsworth Bunker arrived here last night for a new round of talks on the Panama Canal with Panamanian officials. The two countries are negotiating a new treaty on the waterway, which was leased to the United StatesReuter - 66 words
-
291 1976-10-21 1 VOLUME of activity at $4 million on the secondary bond market yesterday exceeded business transacted on the equity boards of the Stock Exchange of Singapore which came to $3.57 million. The Monetary Authority of Singapore's latest three 4 year Government registered stock seems291 words
-
Article197 1976-10-21 1 Agencies PEKING, Wed. Peking was swept by rumours today that a central committee announcement was imminent to formally name Mr. Hua Kuo-feng as Chairman of the Communist Party. While his appointment has been confirmed by official spokesmen, it has not been published in the localAgencies - 197 words
-
Article142 1976-10-21 1 THE present company laws are not too restrictive but there is a definite need for a clear line to be drawn and for the authorities and professions to find a common ground. This was voiced by former Sime Darby chairman, Dennis William Pinder, 52, who was142 words
-
Page 1 Advertisements
-
Advertisement43 1976-10-21 1 Colour TV is simply great INSIDE Overseas News/ TV Radio Overseas News/ Foreign Features Local Co News Foreign Co News Local Stocks Overseas Stocks Page 2 Commodities Transport A D Communications 3 Features Page 4 Newg Page 5 Overseas Page 6 Local News43 words
-
Advertisement39 1976-10-21 1 CS-2101^^^ 12 digits, 1 memory Constant and complex calculations Floating decimal. Sole Agents: ROXY (STORE) PTE. LTD. 483. Tanglm Halt Road. Singapore 3 Tat: *****1. ROXY(M"8IA) SDN. BHDt Lot 16. Jat*n 223. Sactton 14, Petaiing Jaya. Salangor Tat: 03-*****7.39 words
-
Advertisement49 1976-10-21 1 WHISKY 100% SCOTCH WHISKIES blended and honied in Scotland under Government Supervision Imported by Cold Storage Whichever service you choose, you'll enjoy a standard of inflight service even other airlines talk about. See your Travel Agent or SIA now. Agmuu-aytofiy SINGAPORE A/RUNES l SM Reservations Tel. 911 911 222R49 words
-
-
OVERSEAS
-
286 1976-10-21 2 Reuter. WASHINGTON. Wed. The Federal Home Loan Bank Board said conventional home loan mortgage rates increased during September, reflecting a continuing heavy demand for mortgage funds. The effective rate on mortgages for new homes rose by six basis points to 9.08 per cent inReuter. - 286 words
-
Article225 1976-10-21 2 Reuter. PARIS, Wed. The French Finance Ministry thinks the mark revaluation within the European joint float is too small to produce a lasting solution for the problems of the float and the tensions between the float and other major currencies, government sources said. The Ministry has notReuter. - 225 words
-
Article92 1976-10-21 2 Reuter. WASHINGTON, Wed. Mr. John Kendrick, chief economist at the Commerce Department, estimated real US Gross national Product will grow by about six percent in the fourth quarter. He told a press conference he still believes real economic growth during 1976 will be between 6.4Reuter. - 92 words
-
211 1976-10-21 2 Reuter. LONDON, Wed. Confederation of British Industry president Lord Watkinson said the UK Government will face increasing pressure for restrictive trade measures against Japan if that country fails to take action to increase British imports. At a joint press conference with a delegationReuter. - 211 words
-
Article71 1976-10-21 2 Reuter. WASHINGTON, Wed. The Securities and Exchange Commission intends before year's end to propose a new regulation that would make it easier to invest venture capital in small business, commission chairman Roderick Hills said. Mr. Hills told a press conference that he hoped to propose a simplifiedReuter. - 71 words
-
268 1976-10-21 2 Reuter. TOKYO, Wed. China's external trade deficit In the first half of this year narrowed to U*****.2 million (551.71 billion), from $852.8 million in the same period of last year, the semi-official Japan External Trade Organisation (JETRO) said today. Jetro said the figure hasReuter. - 268 words
-
Article382 1976-10-21 2 Reuter BANGKOK, Wed. Thailand's new military rulers have issued an order increasing the period detained students can be held without trial from a total of 84 days to six months. The order gives authority for students to be held for periods of 30 daysReuter - 382 words
-
143 1976-10-21 2 Reuter. MANILA, Wed. The Philippines Government will take a 34 per cent stake in a US$25O million (*****.5 million) copper smelter complex due to be operating by 1979, Board of Investment chairman Vlcent Paterno said. It was originally to take only 20 per cent. AReuter. - 143 words
-
Article258 1976-10-21 2 AP LUXEMBOURG, Wed. The European Common Market yesterday signed a commercial co-operation agreement with the People's Republic of Bangladesh in a bid to help It increase Its exports to the nine-nation community. Similar agreements have already been signed In the past with India, Pakistan andAP - 258 words
-
316 1976-10-21 2 Reuter. LONDON. Wed. The chances of the Penang tin price remaining above M $1,200 are good, now that the General Services Administration (GSA) stockpile disposal bill has been postponed, today's metal bulletin says. It noted Penang tin prices are still above the bufferReuter. - 316 words
-
Article121 1976-10-21 2 Reuter. WASHINGTON, Wed. The joint committee on defence production will examine recently announced stockpile Koala of strategic materials at a hearing on Nov 22, committee vice chairman William Proxmire said. The hearing will pursue such issues as the cost of the new materials, the effects ofReuter. - 121 words
-
211 1976-10-21 2 Renter. RANGOON, Wed. Burma has suspended offshore drilling operations after 17 test wells, sunk along the western and southern coasts, failed to yield oil, Mines Minister U Maung Kha has stated in Parliament here. He said: "We have made no arrangements for offshore operations thisRenter. - 211 words
-
Article293 1976-10-21 2 Reuter. UPI SALISBURY, Wed Prime Minister lan Smith left here tonight for the Geneva conference an event that could spell the success or failure for majority rule for Rhodesia. Mr Smith's 30-member delegation Includes four other ministers, government officials, secretarial staff and security men.Reuter.; UPI - 293 words
-
335 1976-10-21 2 Reuter. MANILA, Wed. More than 400,000 of metropolitan Manila's four million voters may have defied a legal requirement to vote In last weekend's referendum on martial law, according to press reports here today. Counting of the national vote Is still eoing onReuter. - 335 words
-
Article195 1976-10-21 2 Reuter. NEW DELHI, Wed. India and the Soviet Union today ended their third round of talks on fixing a new exchange rate between the rupee and the rouble without resolving the issue. The exchange rate has been at issue for more than a year. Official IndianReuter. - 195 words
-
Article, Illustration534 1976-10-21 2 Reuter. TOKYO, Wed Former American astronaut Charles "Pete" Conrad today made several suggestions for the use of outer space, including an International mail system by satellite and wrist telephones that could put calls through anywhere in the world. "The biggest problem in using spaceReuter. - 534 words
-
678 1976-10-21 3 Reuter. ROTTERDAM, Wed. Drastic changes to the world power and economic structure must be made urgently to ward off threats of war and mass starvation, an experts' report says today. The complex report published here was drawn up by Dutch NobelReuter. - 678 words
-
140 1976-10-21 3 Reuter WASHINGTON, Wed. A proposal to increase tin buffer stock price ranges put forward by producing countries was rejected by consuming nations at the recent International Tin Council (ITC) meeting, alternate United States delegate Walter Lenahan said. He said producing members ofReuter - 140 words
-
Article89 1976-10-21 3 Reuter. WASHINGTON, Wed. The White House voiced satisfaction with the Gross National Product and inflation rates In September. Presidential Press Secretary Ron Nessen said the GNP figure was in line with expectations. He said most economists believed the growth rate would accelerate in theReuter. - 89 words
-
Article94 1976-10-21 3 Reuter PRETORIA. Wed. South African gold holdings rose 0.3 million rand to 375.2 million last week, the Reserve Bank said. Total reserves, including gold, rose to 8.3 million rand to 696.9 million. The bank said in its return for the week ended Oct 15 bills roseReuter - 94 words
-
278 1976-10-21 3 Reuter. ZURICH, Wed. United States prime rates may rise to a range between 7-% and 8-'/« per cent a year from now compared with their present level of 6-% per cent, Merrill Lynch and Company chairman Donald Regan said. He told a Swiss-Ameri-canReuter. - 278 words
-
206 1976-10-21 3 Reuter. WASHINGTON, Wed. The United States will refuse to join any international commodity agreement which fixes prices or sustains them above the level of market trends, Mr. Gerald Parsky, Assistant Treasury Secretary for International Affairs, said here. He told an international wheat seminar theReuter. - 206 words
-
Article126 1976-10-21 3 Reuter. WASHINGTON, Wed. A meeting between the Commodity Futures Trading Commission (CFTC) and representatives from London commodity options markets, originally scheduled to begin today, has been called off, the CFTC said. The commission's vicechairman, Mr. John Rainbolt, said a telegram was received from LondonReuter. - 126 words
-
Article69 1976-10-21 3 Reuter. TOKYO, Wed. Dal-Ichl Kangyo Bank said It will make a three for 10 rights Issue at par and a one for 20 bonus issue of its 50 yen nominal shares to shareholders registered on Jan 20. Payments will be required by end March and theReuter. - 69 words
-
312 1976-10-21 3 Reuter. PARIS, Wed. Time is running out for representative* of 27 rich and poor nations who met here again today in aearch of a fairer world economic system within the so-called "northsouth dialogue." No concrete suggestions have so far emergedReuter. - 312 words
-
Article275 1976-10-21 3 UPI. WASHINGTON, Wed. The 1976 United States apple crop was forecast yesterday at 18 per cent smaller than a year ago, although the pear output was predicted to be slightly increased. Statistics released by the Department of Agriculture Foreign Agricultural Service forecast the apple harvestUPI. - 275 words
-
Article60 1976-10-21 3 Reuter TOKYO, Wed. Japan Iron and Steel Federation president Yoshlhlr Inayama said Japanese steel exports to China In the second half of this year will reach between 1.3 and 1.5 million tonnes. Japan sold 600,000 tonnes to China In the first half of the year, equivalentReuter - 60 words
-
Article, Illustration1550 1976-10-21 3 JAMES PEIPERT - By JAMES PEIPERT AP. ELECTION gains by conservative parties in Sweden and West Germany indicated grassroots disenchantment with socialism but do not herald a rightist wind blowing across Europe, an AP survey shows. Soundings in major European capitalsAP. - 1,550 words
-
-
Page 2 Advertisements
-
Advertisement62 1976-10-21 2 MITSUI TRUST Beacon of Progress > y> "Vx-:?' fei... X; fe?;. mt. i>« Ml) f. er -jm. ~*v *>r. MITSUI TRUST THE MITSUI TRUST BANKING CO.,LTD. ***** C#bl« Addrw MITUITRUST SINGA New York Afxicy T*m: *****1 Cable Address TRUSTMIT NEWYORK London Reprntnutiyt Offict: Teltx *****9 C»ble Addrtss: TRUSTMIT LONDON EC262 words
-
-
Page 2 Miscellaneous
-
Miscellaneous264 1976-10-21 2 RADI JLVaXJn/ Jftk TV SINGAPORE 5 3.00 P.M. Opening Announcements followed by Housewives' Matinee "The Spell of Love" (r) with superimposed English/ Chinese subtitles Pt. 1 of a Mandarin film. 3.50 General Hospital. 4.35 Intermission. 6.00 Opening Announcements followed by Castaway "Babes in the Wood" 630 News in Brief 6.35264 words
-
-
Page 3 Advertisements
-
Advertisement151 1976-10-21 3 H r cy 3 r> w I m > I 3. V ir Hi Sintat combines good business sense with hospitality, diplomacy with economy. And, what are YOUR considerations when you consider using a car rental service? Service of course! Service is a word that needs a clear definition. At151 words
-
-
COMPANY NEWS
-
Article288 1976-10-21 4 PAHANG Consolidated has adjourned until Nov 6 an EGM called for Oct 16 to ratify secured loans totalling M 513.5 million made to Faber Merlin Malaysia. A brief company statement says an explanatory circular will be sent to all shareholders on Nov 19. A company spokesman288 words
-
535 1976-10-21 4 IN a prompt reaction to the suspension of trading in the shares of Worldwide Holdings by the Kuala Lumpur Stock Exchange, one of the company's directors is coming to Malaysia to answer the exchange's many questions about the company. Last week Mr. F.A. Farrow who535 words
-
833 1976-10-21 4 THE Stock Exchange of Singapore has joined the Kuala Lumpur Stock Exchange in pressing Sentosa Plywood for details of its controversial purchase and sale of 1.9 million shares in Pahang Consolidated. The SES told the company in a letter on Oct 19 to state:833 words
-
Article, Illustration383 1976-10-21 4 NEW challenges await Mr P.S. Carrodus, who is leaving his post as chief executive of Inchcape Malaysia to take up an appointment a 6 financial director of the Inchcape Group in Hong Kong. This is a new position created out of a need to coordinate the operations383 words
-
Article64 1976-10-21 4 TAIPING Textiles has announced the following appointments as additional directors of the company: Encik Wan Abdul Hamid bin Mohd Salleh, Encik Malek Ali Merican, Dato Chan Kwong Hon and Encik Leong Siew Wing. Mr. Teo Hock Seng, district sales manager for Cathay Pacific Airwoays Singapore has been64 words
-
COMPANY MEETINGS
-
Article18 1976-10-21 4 Oct. 29, 10.30 a.m., Registered Office, Wisma Mega, 2nd mile, Jalan Batu Tiga Lama, Kelang.18 words
-
21 1976-10-21 4 Oct. 30, noon, Registered Office, No. 22 (Upper Floor of No. 20), Jalan Gelanggong, Malacca.21 words
-
Article25 1976-10-21 4 THE following company meetings are due: Oct. 26, 10 a.m.. Registered Office, Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur.25 words
-
Article18 1976-10-21 4 Oct. 27, noon, U.N. Room, at the Hotel Regent, Jalan Imbi, Kuala Lumpur.18 words
-
17 1976-10-21 4 Oct. 27, 12.30 p.m.. Room 743, Hotel Merlin, Jalan Sultan Ismail, Kuala Lumpur.17 words
-
Article10 1976-10-21 4 Oct. 28, noon, 45-47 Robinson Road, Singapore10 words
-
21 1976-10-21 4 Oct. 2873 p.m., 4th Floor, Bangunan Yee Seng, No. 15, Jalan Raja Chulan, Kuala Lumpur.21 words
-
Article19 1976-10-21 4 Oct. 30, noon, Registered Office, UOB Building, No. 1 Bonham Street. Raffles Place, Singapore 1.19 words
-
Article14 1976-10-21 4 Oct. 30, 12.30 p.m., company's offices at Tasek Industrial Estate, Ipoh.14 words
-
16 1976-10-21 4 Nov. 4, 11 a.m., Virginia Park, Jalan University, Petaling Java.16 words
-
Article11 1976-10-21 4 Nov. 5, noon. Regency Room, Raffles Hotel, Singapore.11 words
-
Article21 1976-10-21 4 Nov. 9, 10 a.m., AVAH nffion Registered Office, Penthouse. 10th Floor. Wisma Central, Jalan Ampang, Kuala Lumpur.21 words
-
Article18 1976-10-21 4 Nov. 9. noon L>IIU.« KJ V 9, 11UUU, Registered Office, 25 Beach Street, Penang.18 words
-
Article15 1976-10-21 4 Nov. 12, 11 a.m.. Registered Office, No. 50 Jalan Ampang. Kuala Lumpur.15 words
-
-
1187 1976-10-21 4 Financial Times. MONTREAL. Wed. The Federal Foreign Investment Review Agency (FIRA) approved the takeover of several Canadian companies by foreign interests recently, as well as plans to start new businesses in Canada by foreigners. A day or so later the Government refused a smallFinancial Times. - 1,187 words
-
Article371 1976-10-21 4 Current Ex Date Total for Total for payment Date 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* Sept. 6 Oct. 23 25* 16 67%a K.L.K. Deb. 5.25* Oct 6 Oct. 25 5.25*371 words
-
Article109 1976-10-21 4 CHEMICAL Industries (Far East) has informed the Singapore Stock Exchange that its recent one-for-five scrip issue has been approved by shareholders at an EGM. The $1.4 million for the issue will be capitalised from the share premium account $424,028 and from the general reserve account109 words
-
Article1112 1976-10-21 4 On October 19 PRICES on the Chicago Board Options Exchange on Tuesday declined as losers topped gainers, 347 to 117. Volume approximated 83,158 contracts, up from 69,532 contracts on Monday. OPTION JAN APL JLY STOCK Alcoa 45 UNTRD NOL NOL 54 7/8 Alcoa SO 61/2 8 UNTRD1,112 words
-
-
Page 4 Advertisements
-
Advertisement163 1976-10-21 4 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times y A BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak, Sabah Australasia/Pacific163 words
-
-
INTERNATIONAL COMPANY NEWS
-
Article176 1976-10-21 5 NEW YORK. Wed. After enjoying a 48.5 per cent jump at midterm, the performance of Santa Fe Industries deteriorated to such an extent that it suffered a 13 per cent setback in net Income to U5539.09 million in the third quarter despite higher revenue. However, it176 words
-
Article189 1976-10-21 5 HONGKONG, Wed. Forecasting higher earnings and dividend payout for the current year. Hongkong and Kowloon Wharf and Godown has also announced a proposed HK$2OO million loan stock issue. The 15-year issue, with warrants to subscribe for shares of the company, will be priced at par and189 words
-
Article81 1976-10-21 5 NEW YORK, Wed. The big setback Chase Manhattan Corp suffered in the first half-year has been reduced to 48 per cent at the three-quarter mark with a 31.3 per cent jump in third quarter net income. For the third quarter, income rose from US$lB.2 million to $23.9 million,81 words
-
Article354 1976-10-21 5 Reuter. PARIS, Wed. Following a 28 per cent jump In third quarter net Income, Amax expects full year earnings to show a 10 per cent Increase over 1975's U*****.4 million. Making the forecast, at a lunch here, the president, Mr. Pierre Gousseland, said that 1977 willReuter. - 354 words
-
Briefly
-
Article101 1976-10-21 5 HONGKONG. Wed. Reporting consolidated net profit for the first nine months of 1976 16.8 per cent higher than for the whole of 1975, Zung Fu has forecast a full year figure of not less than HK$l5 million against $10.27 million last time. At the three quarter way,101 words
-
Article77 1976-10-21 5 NEW YORK, Wed. Third quarter net income at Kraftco fell from U5542.72 million to $34.85 million on sales up from $1.20 billion to $1.26 billion. Net income for the nine months was $105.2 million ($96.01 million) on sales of $3.73 billion ($3.63 billion). Earnings per share were $1.25 ($1.53)77 words
-
Article47 1976-10-21 5 NEW YORK, Wed. For the first quarter ended Sept 30, 1976, Capital Industries EMI has enjoyed a large jump In net Income from U*****,000 to $3.16 million on sales up from $33.9 million to $51 million. Earnings per share rose from 16 cents to 96 cents.47 words
-
Article37 1976-10-21 5 HONGKONG, Wed. The Sun Co Ltd has declared a dividend of seven HK cent (six cents) for the year ended June 30, 1976. The share register will be closed from Nov 15 to 30 Inclusive.37 words
-
Article28 1976-10-21 5 FRANKFURT, Wed. The 75 million mark eight per cent seven year loan for Beecham Finanzlering was priced at 99% per cent, issue manager Deutsche Bank said.28 words
-
Article81 1976-10-21 5 SAN FRANCISCO, Wed. Bank America Corp attributed continued third quarter earnings Improvement to higher pre-tax Interest differentials on a taxable equivalent basis, and to higher non-interest Income. The company has reported a third quarter operating Income of US$93.l million against $82.7 million a year ago. It said pre-tax income81 words
-
Article103 1976-10-21 5 SALISBURY, Wed. The suspension on dealings in external shares, including Rhodesian shares quoted outside the country, will be lifted on Oct 19, the Reserve Bank of Rhodesia said. The suspension, imposed Sept 27. was orglnally to last until Oct 29. The bank said while reorganising the control over103 words
-
Article75 1976-10-21 5 PARIS. Wed. Ibrairie Hachette is offering a 100 million franc, 11 percent, 13-year loan at 99.5T)er cent on the domestic market today, primary bond market sources said. The Issue is dated Oct 23 and gross redemption yield is 11.23 per cent with amortisation operations throughout its life. Credit75 words
-
Article82 1976-10-21 5 NEW YORK, Wed. Taiwan is negotiating an expected US$lOO million sixyear syndicated loan with the spread above the London interbank Eurodollar offered rate probably 1% to 11/*I 1 per cent, banking sources said. Among points being discussed are the exact borrower, with the Bank of Taiwan now more likely82 words
-
Article104 1976-10-21 5 M LONDON. Wed. Phlllpssgloekam Penfarbrieken announced it signed a contract with United Technologies Corp's Pratt and Whitney aircraft group for co-production work on the FlOO engine that will power the F-16 General Dynamics fighter aircraft ordered by four European countries. This is the first part of an order worth104 words
-
Article39 1976-10-21 5 LONDON: Wed. Wormald International said It completed financial arrangements for the acqusition of the ordinary and preference capital of Mather and Piatt. Assuming full acceptances of Wormald's offer, Wormald will pay about L' 31.4 million for the acquisition.39 words
-
Article36 1976-10-21 5 BASLE, Wed. Asea of Vasteras, Sweden, will float an 80 million franc, 15-year, 5% per cent loan on the Swiss market from Nov 3 to 8 Schweizerlscher Bankverein said. Issue price will be fixed later36 words
-
Article100 1976-10-21 5 NEW YORK, Wed. Third quarter net Income at Altis— Chalmers more than doubled to U559.36 million ($4.38 million), making a nine month total of $46.85 million ($21.56 million). Sales showed only a marginal rise from $350.3 million to $364.4 million in the third quarter and for the nine100 words
-
Article84 1976-10-21 5 LONDON, Wed. Cle National Algerlene de Navigation is negotiating a US$2OO million loan for an expected maturity of seven years and a probable spread of I** per cent above London interbank Eurodollar offered rates, Citicorp International Bank said. Citicorp said it Is likely to be joint lead manager with84 words
-
Article86 1976-10-21 5 PARIS. Wed. Almost all the 3.5 billion franc 10.6 per cent government guaranteed loan issued on the French domestic bond market on Oct 11 has now been placed, primary bond market sources said. Most of the sources declined to give a precise estimate, but some said about five86 words
-
Article79 1976-10-21 5 HOUSTON, Wed. Shell Oil said the first wildcat well it drilled off-shore Southern California showed some oil. v lt tested three of the seven indicated oil bearing zones in OCS P-0301 Number one in San Pedro Bay 24km south of Long Beach and one zone is considered to79 words
-
Article81 1976-10-21 5 TOKYO, Wed. Mr Tadhlro Iwakoshl, vice president of the Japan Automobile Manufacturers Association, said he found no moves in European countries to restrict their Imports of Japanese automobiles. Mr. Iwakoshl, president of Nissan Motor, visited France, West Germany and Italy after attending a UN environmental meeting in Switzerland early81 words
-
Article69 1976-10-21 5 SYDNEY, Wed Ampol Exploration said the Biggada No 1 well on Barrow Island flowed gas at the rate of 3,681 m 3 per day, with 308 barrels of water per day. The flow was through a 16/64 inch choke at a tubing pressure of 93 per sq cm, from69 words
-
Article77 1976-10-21 5 WASHINGTON, Wed. Securities and Exchange Commission chairman, Mr. Roderick Hills told a press conference the SEC will begin work on a national market system if the securities Industry does not S resent a blueprint by Dec 1 as required by law. Under the so-called 1975 Wall Street Reform77 words
-
-
Article186 1976-10-21 5 Reuter. LONDON, Wed. With a 15.8 per cent Improvement at the halfway mark under its belt, Furness Wlthy is confident of achieving a significant increase in full year profit. Though the second six months may not be quite as good as the first, Furness expects it toReuter. - 186 words
-
151 1976-10-21 5 Reuter. HONGKONG, Wed. Barclays Bank International Is to acquire a further 33 1/3 per cent stake in Trident international Finance, raising Its holding to 66-2/3 per cent. Announcing the acquisition, Trident said Barclays will purchase the additional stake from Merrill Lynch International. The agreementReuter. - 151 words
-
Article53 1976-10-21 5 Town City LONDON, Wed. Town and City Properties said it has formally accepted an offer from a "major Australian Investment institution" for part of Its Australian portfolio for about AS39 million. The properties are valued in the company's books at 1'13.5 million. The company said the offer is subject to53 words
-
140 1976-10-21 5 Reuter. LONDON, Wed. Dalgety chairman, Mr. R. A. Withers, said there Is every reason to expect group profits to continue to improve, assuming a reasonable recovery in the Australian rural economy and the US frozen vegetables industry. He said in the annual report that short-term prospectsReuter. - 140 words
-
Article161 1976-10-21 5 Reuter. ZURICH, Wed. There is now a long bull market active in US stock exchanges which could last for another five years or more, bringing the Dow Jones Industrial average to 1,500 or beyond by the end of the decade. Merrill Lynch Inc chairman, Mr. Donald Regan,Reuter. - 161 words
-
191 1976-10-21 5 Reuter. NEW YORK, Wed. Reporting a nine-month net Income fall of 4.5 per cent to U*****.3 million, including a third quarter six per cent setback, American Cvanamld has forecast lower earnings for the full year. It expects earnings per share to be somewhat below 1975'sReuter. - 191 words
-
Article136 1976-10-21 5 CLEVELAND, Wed. Despite a more than doubled third quarter net Income, Republic Steel expects second half shipments and earnings to fall below its projections made earlier In the year. A company spokesman said the firm did not make public its projection on what second half shipments and136 words
-
Article41 1976-10-21 5 LUGANO, Wed. Banca del Go ttardo plans to float a 30 million franc, 12-year loan on the Swiss capital market in early November, bank officials said. Coupon and issue price will probably be set at the beginning of next week.41 words
-
Article109 1976-10-21 5 Reuter. LONDON, Wed. Cunard Steamship has agreed to buy the 12 remaining British flagships of Maritime Fruit Carriers. It will then sell two of the ships of West German shipowner Willy Bruns. Cunard said the parties interested in the case concerning the London Clipper and Maranga,Reuter. - 109 words
-
Article105 1976-10-21 5 Reuter. LONDON. Wed. British Levland chief executive, Mr. Alex Park, said the Leyland International division business targets are being achieved and in Europe have been exceeded. Overall, there has been a 10 per cent volume growth in foreign sales this year, he told a press lunch.Reuter. - 105 words
-
Article93 1976-10-21 5 LONDON, Wed. On a 30.4 per cent rise in sales to £480 million. Hawker Siddeley has enjoyed a 55.2 per cent jump in group pre-tax profit to UB.7H million for the first six months ended June 30, 1976. It is paying an interim dividend of 6.75p93 words
-
Article458 1976-10-21 5 Reuter. LONDON. Wed. BICC chairman designate Mr. C.H. Broughton Pipkin said he sees continuing earnings strength from Increased export orders and a wide spread of overseas Interests. "Export orders have recentlv been very strong, particularly for low voltage power cables," he tofd Reuters in anReuter. - 458 words
-
Article150 1976-10-21 5 AP NEW YORK, Wed. The New York Times, citing rising revenue from newspaper. broadcasting and magazine operations, has reported a 44 per cent rise in profit in the third quarter. The times said income for the quarter was US$4.3 million, or 38 cents a share, comparedAP - 150 words
-
Article130 1976-10-21 5 HONGKONG. Wed. Reporting a 15.4 per cent increase in net profit to HK516.43 million for the first eight months ended Aug 31, 1976. San Miguel Brewery is confident of maintaining the favourable trend in the remaining months of the current year. This means that the company expects130 words
-
Article106 1976-10-21 5 Reuter NEW YOl 5.3 per cent „nird quarter ini .-*27.29 million has *ed by Continental Loans du.mg the third quarter rose despite generally weak loan demand in the US. The bank holding company said third quarter loans averaged $11.8 billion compared with $11.3 billion last time. TheReuter - 106 words
-
Article137 1976-10-21 5 Reuter NEW YORK. Wed Third quarter net income at Pfizer rose from U5534.6 million to $40.5 million on sales up from $421.4 million to $473.3 million. For the nine months, income was $115.6 million ($101.9 million) on sales of $1.39 billion ($1 19 billion). Earnings per shareReuter - 137 words
-
Article34 1976-10-21 5 BRISBANE. Wed. For the 12 weeks Sept 26. 1976. net profit at MIM Holdings more than doubled from Ass million to $11 17 million on sales up from $57.6 million to $85.68 million.34 words
-
Article31 1976-10-21 5 SYDNEY. Tues Southern Pacific Petroleum said it encountered a gas flow at the rate of 0.2 million m 3 per day from the Areggente No 2 well in Italy.31 words
-
-
Page 5 Advertisements
-
Advertisement60 1976-10-21 5 Haveyou seen this man? f mil itn* USPNeedham Regional Creative Director Te1:*****/7 HIGH PRECISION MACHINING CAPACITY Manufacturer equipped with latest German metal-working mochines for mass production or large series provides the following capacities. High precision TURNING on Auto-lathes. Precision BORING and MILLING work. High precision DRILLING operations. Fine and precision60 words
-
Advertisement235 1976-10-21 5 t BANK OF AMERICA, NT SA 2. CITIBANK, NA 3. CHASE MANHATTAN BANK, NA 4. MANUFACTURERS HANOVER TRUST CO. 5. CHEMICAL BANK 6. MORGAN GUARANTY TRUST CO. 7. CONTINENTAL ILLINOIS NB&T CO. 8. BANKERS TRUST CO. 9. FIRST NATIONAL BANK, CHICAGO 10. SECURITY PACIFIC NATIONAL BANK 11. WELLS FARGO BANK,235 words
-
-
Article1956 1976-10-21 6 SECTION ONE INDUSTRIALS Gr's Gr's 1976 Last div Div y'ld P/E Vol Day High Low Company Sale +OC- c'vr CQ0Q) High Low 250 170 Acma 175 12.ON 1.1 6.8 8.8 206 172 Alcorn 206 20.0 1.3 9.7 13.2 100 60 Allied Choc 68 unch 4 68 671,956 words
-
Article1205 1976-10-21 6 BID and offer prices officially listed and business tn and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified All Time Settlement contracts are quoted after the world "Sett BiK Board1,205 words
-
Article149 1976-10-21 6 SINGAPORE UNIT TRUST iMiupr i pries* for Oct 21) INCOME BOND UNIT (Current prices) 1 68 1 76 1KPOMF BOND 107 l IS Th« Saving Fund S'pore Prog Fund 8'pore Security Fnd S pore Invest Fund 0 95 1.00 0 79 0.64 xd 1 24 1.30 1.02 1.07149 words
-
Article397 1976-10-21 6 S'pore Govt 5 1/2% Taxable Loan No 2 With A I 197 VI it Dec 1977 (1.000.000) (101.678 101.775) S'pore Govt 5 1/2% Taxable Loan No 1 With A I 1976/15 th Apr 1978 (1.000,000) (101.588 101 68S)(2)101 62(1)101.60 S'pore Govt 6 J/4* Taxable Loan No397 words
-
Article1218 1976-10-21 6 BID and offer prices-officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified INDUSTRIALS Aim (1.78B). AlimmMi (1 SOB). A. TIM 0 458) Alcom (1.90B), XO.1,218 words
-
Page 6 Advertisements
-
Advertisement176 1976-10-21 6 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 who176 words
-
-
Article655 1976-10-21 7 LOW volume trading and narrow price movements were again the order of the day as the committed bulls and bears played themselves to a stalemate at the Stock Exchange of Singapore yesterday. And judging from the poor response across a wide front, it would seem that655 words
-
Article331 1976-10-21 7 THE Kuala Lumpur Stock Exchange turned very dull yesterday In the wake of waning interest. Trading was conducted at a slow pace with sellers dominating activity. Except for a handful of volatile Issues, most deals were of a scattered nature with no significant price movements.331 words
-
Article141 1976-10-21 7 Reuter. SYDNEY, Wed. South Pacific Properties (Australia) said its take-over offer for Travelodge Australia Ltd has been declared unconditional, except for reserve bank approvals which it Is still awaiting. The company, a unit of Hongkong-based Southern Properties said it is now entitled to 80.44 per cent ofReuter. - 141 words
-
WALL STREET AND OTHER OVERSEAS MARKETS
-
Article826 1976-10-21 7 NEW YORK: A bullish report on US housing starts coincided with a moderate rally on the New York Stock Exchange on Tuesday, which helped overcome part of an early stock market decline. The D*«Jnn Industrials rose 3.41 points to 949.97, but NYSE declines topped advances by a seven-to-six826 words
-
Article250 1976-10-21 7 AMSTERDAM: Shares firmed in quiet trading on Tuesday, but activity was limited with many Investors reluctant to commit themselves, dealers said. State loans were also firmer. OCT II FU Ahold 79 50 1.5 Akio 27 40 +0 3 Algb&nk 279 00 +4.5 AMEV ♦6 40 +0.2 Amfas 77.00 +2.3250 words
-
Article183 1976-10-21 7 FRANKFURT: Shares closed on average around three marks higher on renewed buying Interest on Tuesday after Monday's lows, market source said. OCT 1* Dm AEO 81.30 +0.7 Akzo Allz Leben Allz Vers BASF 145 50 +0.8 Bay H T Wbank Bay Vbank Bayer 122 40 -0.1 BBC BMW 206.00183 words
-
Article324 1976-10-21 7 SYDNEY: Prices continue Tuesday's rise in most sectors on Wednesday dealers said. The Sydney Ail-Ordinaries gained 4.89 points to 440.83. OCT M Cents 47INDUSTRIALS A.C.I 140 unch ADC 20 unch A N I 105 unch A. P M 136 B H P 710 4-14 Bank NSW 485 +3 Bora)324 words
-
Article342 1976-10-21 7 JOHANNESBURG: Golds finished below their best of the day on Tuesday, following lower overseas bullion Indications, dealers said. OCT 1$ Rand INDUSTRIALS A Alpha Abercom AE And CI AMIC ATI Bankor Barlows Cg Sugar CNA Currte Finance De Beers Ind Edcon Edgars Everead Fed Volk Fuglt Gardlan Olenan) Oralemn342 words
-
Article117 1976-10-21 7 MILAN: Industrial and financial leaders were mostly moderately higher on Tuesday after Monday's depressed prices, Bourse sources said. OCT It Lire Ante 302 unch Assoc Qen ***** -690 Bastogl 888 +9 Centrale 8695 ♦235 Flat 1327 -3 Finslder 224 -1 Gen Immob 100 2 IFI Prl 1595 53 Iulcementi117 words
-
Article200 1976-10-21 7 ZURICH: The bourse was slightly firmer In small dealings on Tuesday. The Credit Suisse Index gained 0.8 point to 204.5. OCT I* Franc* Action*Suisse* Alusuliae Br Alusulsae Reg Brown Boverl Br. Clba Gelgy Br ClbaOelgyPS Clba Oelgy Reg Credit Suisse Br Credit 8ulsse Reg ElektrowattBr Fischer Br Globus PS200 words
-
Article230 1976-10-21 7 TORONTO: The Industrial index rallied of a point over the last hour of trading as prices on the Toronto Stock Exchange closed generally higher on Tuesday. Trading continued very light In Toronto with the volume total of 1.5 million only slightly higher than Monday's 1.4 million. OCT l» C*230 words
-
Article307 1976-10-21 7 PARIS: The market was generally firmer on Tuesday following Wall Street and the fall In the call money rate, dealers said. OCT II Frs CORBEILLE Air-Llqulde 335 B 8 N Oervals Dan one 540 C 8 F (ThomsonClf) 103 Ctc Francalse des Petroles 98 20 Citroen 8A 44 Compagnle307 words
-
Article431 1976-10-21 7 HONGKONG: The market closed easier but around the highest levels of the day in quiet trading on Wednesday, after Its recovery from recent falls in the two previous trading days this week, dealers said. Prices fell sharply from the outset on some market disappointment at the $200 million loan431 words
-
Article118 1976-10-21 7 BRUSSELS: Falls In local Issues were In a large majority, although trading was quiet and price movements generally slight on Tuesday, dealers said. OCT It Fr* FORWARD MARKET Acec 315 4-1 Arbed 3560 30 Astur 1014 -28 Brascan 420 -5 Bru-Lamb 1156 -5 Can pa c 650 unch Cock118 words
-
Article86 1976-10-21 7 OCT 20 Bah u Asia Fibre US -4 Bangkok Bank 243 unch Bangkok Invest. 143 Bangkok-Metro-politan Bank 2620S unch Bata 343S unch Berti Jucker 154 Charoong Thai Wire 143 -1 Dumex DusltThanl 156 -1 Faber Merlin First Trust Indo-Thal 1858 +5 J And J Ho 132 1 Jalapralhan Cement72S86 words
-
Article134 1976-10-21 7 MANILA: The market was little changed with an easier undertone in dull trading on Wednesday. dealers said. The Commercial and Industrial average gained 0.15 point to 74.97 Total turnover was 3.6 pesos. Atlaa and Marinduque, however, were slightly firmer. OCT 20 Pesos Aco)e Mining Atlas Con. A Atlas Con134 words
-
Article383 1976-10-21 7 TOKYO: The market continued to decline on sporadic selling In very limited trading on Wednesday, dealers said The Dow-Jones average fell 18.33 to 4,626.99 with volume 130 million shares. The new index closed at 347.10, down 0.81. OCT Yen Ajinomoto Aim AsahiChem Asahl Glass BankTk Banyu Bridges lone Canon383 words
-
Article717 1976-10-21 7 LONDON, Wed The stock market closed quietly easier on the lower rate of .sterling and lack of buying Interest, dealers said. Long-dated government loans recouped early small losses after the government broker withdrew the long 'tap' price, while shorts remained 1/160 to 1/8 point easier. Leading industrials closed around717 words
-
Article94 1976-10-21 7 FINANCIAL TIMES INDUSTRIALS 302.4 303 6 Week ago 293 6 TINS Tuesday 117.80 Monday 118.34 Week ago 120.12 RUBBERS Tuesday 499 32 Monday 489.24 Week ago 467 02 OILS Tuesday 349 25 Monday 345 82 Week ago 321.75 DOW JONES AVERAGE INDUSTRIALS Tuesday 949 97 Monday 946 56 Week94 words
-
-
Page 7 Advertisements
-
Advertisement41 1976-10-21 7 i TVTT7 IT 7- iW t©L Ajttr W > •••I--' ;'•".-VQ f i J iiM ■piy^K Only Oantas gives you 28 departures to Australia and Europe every week. i"/7 V/;^fel 7HE AUSTRALIAN At RUNE See your Travel Agent or call Qantas *****441 words
-
-
COMMODITY REPORTS AND PRICES
-
Article659 1976-10-21 8 AFTER opening slightly higher, the Singapore rubber market ruled quiet despite higher overseas advices, after which prices fluctuated within a one cent range, dealers said. Turnover and activity picked up just before noon on some Chinese trade and speculative buying which saw November being traded to a high659 words
-
Article111 1976-10-21 8 DAILY SSR and SMR prices at noon yesterday: Nov. DM. R.A.S. (Current Mth) (For ward Mth) Bluer* Sellers Buyers Sellers (cei ■U per kg) (cents per kg) SSR 20 (1 -ton Pallets) 190 00 192.00N 191 00 193.00N SSR 50 (1-ton Pallets) 187 50 189 50N 188.50111 words
-
Article188 1976-10-21 8 THE Straits tin price in Penang yesterday rose $8.50 to close at $1,103.50 per picul on an official offering down 7 tonnes to 213 tonnes. In LONDON yesterday, tin rose by about £44 per tonne for Cash and £40 for Three Months in both contracts. Covering against some188 words
-
Article30 1976-10-21 8 Rubber: Oct. 20. Singapore: Nov. 209.75 eta. (up 0.75 eta.) Malaysia: Nov. 214.75 eta. (up 0.75 eta.) Tin: $1,193.50 (up $8.50) Official offering: 213 tonnea (down 7 tonnea.30 words
-
Article146 1976-10-21 8 LONDON, Wed. silver registered minor losses of 0.7p to l.Op per troy ounce. This metal continued to lack direction and values drifted back from early steady pre-market levels, which reflected easier sterling, In idle conditions. Three Months traded in the ring at 265.0p and on the kerb at 264.2146 words
-
Article116 1976-10-21 8 THE following Palm Oil prices were quoted In London on Tuesday. The price* are elf Rotterdam and are quoted In US dollars per long tfln unless otherwise stated. Tuesday Prev. Malaysian 5% ffa bulk Dec/Jan 437 sir 435 sir Sumatra 5% Oct unch 470 Nov 445 465 Dec116 words
-
Article255 1976-10-21 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOBING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk $70 sellers, old drum $75 sellers, new drum $80 sellers. Copra: Mixed (loose) UK/Cont $45 buyers. Pepper: M unto It ASTA white fob. 100H NLW $325 sellers. Sarawak white f o b. 90* NLW $310255 words
-
Article374 1976-10-21 8 FOLLOWING the lower London gold fix on Tuesday night, considerable activity was seen in the Singapore gold market in the day and the kilobar changed hands within a range of 559,160 to 559,180. For London delivery the metal flopped around like a fish without water and laid still at374 words
-
Article219 1976-10-21 8 LONDON, Wed. Copper wlrebars rose by fully £5.50 per tonne for Cash and £6.50 for Three Months. The market was given further upward Impetus by shortcoverlng In conditions which still appeared to be somewhat oversold, dealers said. Currency considerations together with Improved US housing starts and some European physical219 words
-
Article86 1976-10-21 8 LONDON, Wed. Zinc finished unchanged for Cash and about £1.75 up for Three Months. A firmer trend emerged on the pre-market where covering against reported overnight US physical sales lifted Three Months up to £413 per tonne, dealers said. There was a lack of follow through In the ring86 words
-
Article47 1976-10-21 8 LONDON, Wed. Lead gained about £2.50 per tonne for Cash and £2 for Three Months. The market was well maintained reflecting the general trend with Influential buying of cash giving additional support. Outside conditions, however, remained fairly subdued. Turnover of 1,475 tonnes was boosted by carries.47 words
-
Article85 1976-10-21 8 LONDON, Wed. The terminal was Initially over £5 down as buyers backed away under mixed selling and stoploss orders touched off by Tuesday's easy kerb close. This In turn reflected the cheap Colombian sale of a cargo of raws of 7.45 cents per pound FOB market sources said. The85 words
-
Article74 1976-10-21 8 LONDON, Wed. Robusta futures opened barely steady with 253 lots traded at the opening call. Losses against Tuesday ranged from £15 to £8 per tonne. Jan was traded down to a low of £1,985 compared to Tuesday's low of £1,991. Dealers said the terminal continued to meet commission house74 words
-
Article137 1976-10-21 8 BANGKOK, Wed. Indicative prices for rice quoted yesterday were: US dollars per tonne FOB basis Bangkok, Loonzaln: Unchanged, Parboiled: Unchanged, Maize: Unchanged. In HONGKONG yesterday, the market was steady with prices up 20 cents to 40 cents. The day's turnover totalled 372 tons comprising Thais 102, Kwangtung 180 and137 words
-
Article62 1976-10-21 8 THE Malaysian Minister of Finance has fixed these duties from Oct. 21 until further notice: Rubber 94% cts a lb Copra $720 a ton Palm kernel $235.25 a lb The rates of duties payable are: Rubber 12* cts a lb 12K Surcharge 6* cts a lb (Total 17%62 words
-
-
MONEY AND EXCHANGES
-
Article505 1976-10-21 8 THE Singapore domestic money market saw dull trading yesterday as the interbank system remained flushed with funds. Rates for overnight funds were quoted In the morning at 3Vt to 3 per cent with a large bulk of the day's business done at three per cent. Heavy offers caused the505 words
-
Article147 1976-10-21 8 Asian rates ASIAN currency deposit Interbank rates as at close on Oct 20 U8 Dollars (Spat) Offer Bid 7 days 51/16 415/16 1 mth 4 7/8 4 3/4 2 mths ...51/8 3mths 53/8 51/4 6mths 53/4 5 5/8 mths 515/1# 513/16 12 mths < 1/S 6 8W. Frs. Dibs. (middle147 words
-
Article45 1976-10-21 8 RANGE of price* offered by dls count houses on Oct 20 Overnight 2% 3* Call deposit 2* 3* Cloaiaf Buy Sell 3-Month 3* Treasurer bills 3* 3-Month Bank bills 4% 4* 3-Month CD 4* 4% 8-Month CD 4% 4* Source: National Discount Co45 words
-
Article185 1976-10-21 8 Euro rates LONDON, Wed. Quiet trading was reported In Eurodollar deposits at the outset as Interest centred on the foreign exchange market, dealers said. Fixed dates opened lower reflecting the Friday dealing technicality and have shown little change. Day-to-day funds were on offer with the overnight rate 1/8 easier than185 words
-
Article39 1976-10-21 8 THE Monetary Authority of Singapore (MAS) invites banks and discount houses to tender for a total of $40 million 91-day Treasury bills from Oct. 25 to Oct. 29. Each tender must not be less than <250,000.39 words
-
Article63 1976-10-21 8 Minimum lending rates (in AC0C .7 Ftrtt Chicago 7 Algemen* Bonk 7 Citibank 7 Bangkok Bank 7Vi HKS8C 714 Bonk of Amarico 1 Indotua 7 Bonk of Chino 7V, Motayon Banking 7 Bonk of Tokyo 7 Mitftui Bank 7 Bonk Nogoro 0C8C 7 1 n donatio 7\A OUB 7 Chortarad63 words
-
Article301 1976-10-21 8 UPI WASHINGTON, Wed. A US Government report on Tuesday indicated that consumer beef prices In the United States, after declining five consecutive months, soon may rise again but probably at a relatively slow pace. The Agriculture Department said the Inventory of cattle being fattenedUPI - 301 words
-
Article93 1976-10-21 8 Reuter. SINGAPORE Wed. PanMalaysian rubber exports rose to 161,731 tonnes In July from 147,663 tonnes In June and 137,396 tonnes in July last year, preliminary figures from the Singapore Statistics Department showed. Total exports for the first seven months rose to 1.1 million tonnes from oneReuter. - 93 words
-
Article501 1976-10-21 8 LONDON, Wed. The mark extended overnight gains in New York and Singapore, pulling European currencies up generally against the dollar as It moved to 2.4277/87 to the dollar from 2.4325/40 overnight* The lira and French franc firmed slightly In sympathy with the mark, while Inside the European Joint float,501 words
-
Article204 1976-10-21 8 In NEW YORK on Tuesday. the dollar closed weaker on balance from Monday's close but off the day's lows following news that US housing starts rose much more quickly in September than August, dealers said. The dollar earlier eased slightly on news that the US third quarter Gross204 words
-
Article122 1976-10-21 8 TOKYO, Wed. The US dollar for overnight delivery closed firmer at 292.50 yen compared with 292.20 at the opening and 292.30 at Tuesday's close. Dealers said the US currency initially declined on selling prompted by a rise In the value of the yen in overseas centres in sympathy with122 words
-
Article33 1976-10-21 8 HONKONG banknotes quoted on Oct 20: US 4.83/4.85 UK 7.85/8.05 Burma 2.00/2.50 India 4.50/4.80 Indonesia 1.12/1.16 Japan 1.65/1.66 Korea 0.91/0.96 Philippines 0.585/0.615 Singapore 1.96/1.98 Malaysia 1.90/1.92 Brunei 1.915/1.935 Thailand 23.20/23.50 Taiwan 11.90/12.2033 words
-
Article39 1976-10-21 8 ZURICH exchanges quoted on Oct 19: US 2.4478-4488 UK 2.0395-0430 Can 2.5180-5200 W'ger 100.48-57 Neth 95.71-82 France 49.08-13 Belg 6.54-54-3/4 Denm 41.00-41.04 Norw 45.67-71 Swed 56.99-57.04 Italy 0.2813-2824 Austria 14.15-18 Port 7.29.81 Spain 3.59-1/4-60 Arg 1.25-2.25 Japan 0.83-3/4-84-1/439 words
-
Article50 1976-10-21 8 AUSTRALIA/NZ exchanges quoted on Oct 20: Australia: Sterling 0.7549/0.7471 US dollar 1.2368/1.2318 Ninety day air mail buying rates: Sterling 0.7921, US dollars 1.2648 Ninety day forward buying rates: Sterling 0.7721, US dollars 1.2205 New Zealand: Sterling 0.5881/0.5847 US dollar 0.9736/0.9636 Ninety day forward rate: Sterling 0.6399, US dollar 0.992450 words
-
Article32 1976-10-21 8 FRANKFURT exchanges opening quotes on Oct. 20: US 2.4277/92 Can 2.4903/30 UK 3.985/4.000 Neth 95.00/15 Swltz 99.25/40 Italy 2.785/805 France 48.67/82 Norw 45.50/54 Bleg com 6.49/50 Belg Fin 6.34/36 Japan 0.8285/9732 words
-
Article359 1976-10-21 8 LONDON, Wed. Straight bonds in the Eurodollar sector were steady in quiet trading, dealers said. Prices were largely unchanged but Modo nine per cent 1986 eased slightly to 99-1/8 99-5/8. The Beecham financing 75 million mark eight per cent Issue BR 1983 and priced at 993/4 was indicated359 words
-
-
Page 8 Advertisements
-
Advertisement134 1976-10-21 8 OPERATION 6 mj the Entebbe raid EXCLUSIVE STORY OF WHOLE ENTEBBE AFFAIR MOST EXCITING FEAT OF ARMS FOR DECADES. PROVIDES FACTS NEVER BEFORE REVEALED. A PENGUIN SPECIAL. K S. the raid which amazed the world by its expertise and daring. Then comes the fascinating account of those preparations, which took134 words
-
-
TRANSPORT AND COMMUNICATIONS
-
958 1976-10-21 9 JOHN WORRALL - MANY of Africa's biggest centres have no direct transport links at all, and African countries are working on a system of north-south and east-west highways which will, at last, really open up the Dark Continent. But some bulky roadblocks will have to be cleared awayFinancial Times - 958 words
-
619 1976-10-21 9 INTERNATIONAL MARITIME INDUSTRY FORUM TOLD: Reuter. LONDON. Wed. The tanker surplus and its serious effect on all parts of the shipping industry is likely to continue for some years, the International Maritime Industry Forum (IMIF) said. The forum noted certain improvements in trading conditionsReuter. - 619 words
-
Article155 1976-10-21 9 Reuter. TOKYO, Wed. A group of shipping firms operating cargo liner services on the Trans-Pacific route and a Soviet shipping delegation will start two-day talks here next Monday to negotiate Soviet access to the freight conference concerned, Nippon Yusen Kaisha said. The group represents theReuter. - 155 words
-
Article, Illustration489 1976-10-21 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Barge Tai Chin (after Sin Lian Huat 3) 2/3 Cherry Vilja (B. Barge) (1200 tbc) 48 Golden Eastern (1200 subject free board) (after King Dragon Joan D'Arc hauls) 23 Jens Maersk (after Great Guide Rab) 31/32 Jessenice (after State of Myscrore departure draft489 words
-
81 1976-10-21 9 Reuter. TOKYO. Wed. The newly-built 28.000 dwt container carrier •Godwlt' will inaugurate a container service between Japan and New Zealand on Oct. 28, Japan Line Ltd said. The Godwlt is Jointly owned by Japan Line and Mitsui Osk Lines, who have concluded a space charter agreementReuter. - 81 words
-
282 1976-10-21 9 SAO PAULO. Wed. Three cart fuelled entirely with specially processed alcohol start on Tuesday in a gruelling 8,000 km race to the Amazon River and back to demonstrate what Brazilian authorities think may be the final solution to the oil import crisis. The cars282 words
-
Article504 1976-10-21 9 ARRIVALS Service Operator Number Local Time From OA SIA CPA OA472 SQ209 CX710 0035 1010 1030 SYD HLP HLP GIA GIA SIA GA980 GA908 SQ201 1030 1100 1200 HLP MES HLP SIA GIA SQ240 GA895 1205 1235 MES AMS/FRA/FCO/ BOM/BKK THAI GIA GIA TG413 GA982 GA944 1250504 words
-
-
Page 9 Advertisements
-
Advertisement304 1976-10-21 9 V 'J Va I i it t i w 7 The three bosk needs and tf>e three ports of Brrtannkn 3 1. To get at the facts ofter a single fact easily and quickly, without having to raad a long article in -which that fact is embedded. This need is304 words
-
-
690 1976-10-21 10 ROBERT REINHOLD - By ROBERT REINHOLD NYT. A MAJOR reason •Jimmy Carter holds a lead over President Ford in the race for the presidency is that he has succeeded in painting a solidly moderate image of himself among the voters. In so doing, he appearsNYT. - 690 words
-
Article, Illustration1831 1976-10-21 10 The Malaysian Budget next year will be made public in less than a month. The trade figures for the first half-year highlighted an improvement in the country's economy and provide Finance Minister Tengku Razaleigh Hamzah with a good spring board for his first Budget.1,831 words
-
1021 1976-10-21 10 ANTONIO MONZON - By ANTONIO MONZON ALTHOUGH a common market would pay rich dividends for the fragmented little republics of Central America, plans to set up such a grouping have been frozen once again. Officials of the five nations of the region which have a1,021 words
-
Page 10 Advertisements
-
Advertisement194 1976-10-21 10 *2? r J J MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASIA RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia.194 words
-
-
291 1976-10-21 11 UPI. LUXEMBOURG, Wed. Ireland yesterday blocked agreement on establishing a 320-km fishing zone for the European Common Market and negotiation of access to it for non-member countries. The deadlock resulted from two days' discussions by Common Market Foreign Ministers aimed at starting national proceduresUPI. - 291 words
-
101 1976-10-21 11 UPI. SEOUL, Wed. North Korean President Kim 11-sung is believed to be still In firm control of the communist country. South Korean Premier Choi Kyu-hah said today. Rumours circulated in Japan last week that Mr Kim had been arrested by supporters of theUPI. - 101 words
-
216 1976-10-21 11 UPI. WASHINGTON, Wed. Here is a list of corporations that notified the Commerce Department they have either compiled with or been contacted in connection with the Arab boycott of Israel: Air Express International Corp., Des Plaines, Illinois, Saudi Arabia; Bankers Trust International Corp., LosUPI. - 216 words
-
Article, Illustration759 1976-10-21 11 VOTE HUNTER CARTER TELLS JEWISH RALLY: Reuter. MIAMI, Wed. Democratic Party US Presidential candidate Jimmy Carter, campaigning among senior citizens in Miami Beach, many of them Jewish, accused President Gerald Ford yesterday of approving the Arab boycott. As he Minted votes at an oceanslde rallyReuter. - 759 words
-
Article480 1976-10-21 11 WASHINGTON, Wed. The US will begin storing strategic petroleum reserves in vast underground sites from next August, a Government official said yesterday. The announcement comes two years after Congress approved a strategic reserve of up to one billion barrels of oil to help480 words
-
440 1976-10-21 11 AP. WASHINGTON, Wed. The controversy over American firms' participation In the Arab boycott of Israel Is turning into a debate about just what constitutes participation. The Commerce Department says a company that supplies requested data to an Arab state is complying with theAP. - 440 words
-
Article362 1976-10-21 11 AP. WASHINGTON, Wed. The US Commerce Department yesterday charged five US firms with failing to report requests for Arab nations that the companies participated in the economic boycott against Israel. It also revealed 23 additional firms which reported receiving boycott requests from Arab countries. MostAP. - 362 words
-
Article165 1976-10-21 11 Reuter. COLOMBO, Wed. Commonwealth postal administrations have decided to use the International Monetary Fund's currency unit, the Special Drawing Right (SDR), for their accounts with each other, it was announced here today. They will drop the gold franc, an artificial unit based on the relationshipReuter. - 165 words
-
Article212 1976-10-21 11 AP. WASHINGTON, Wed. A spokesman for Citibank Issued a statement In which the bank acknowledged an involvement In the Arab boycott by virtue of Its role as a dealer In letters of credit. But It said the bank Is opposed to such boycotts. "We areAP. - 212 words
-
313 1976-10-21 11 UPI PARIS, Wed. The French National Assembly today rejected a Leftist opposition censure motion aimed at defeating the Government's anti-inflation plan. With only those hostile to the Government casting votes, the censure motion gathered 181 out of the Assembly's 490 votes. The Leftists neededUPI - 313 words
-
Article200 1976-10-21 11 Reuter. WASHINGTON, Wed. The United States has backed out of a five-year grain deal that had been promised to Israel by former Agriculture Secretary Earl Butz, US officials said today. The agreement would have guaranteed Israel up to 300,000 tonnes of food grains duringReuter. - 200 words
-
Article61 1976-10-21 11 UPI. TOKYO, Wed. A 26member East German delegation led by First Vice Foreign Trade Minister Gerhard Bell is visiting Japan for talks with Japanese business leaders on way to promote trade between the two countries. The group will attend the 7th Japan-East German joint economic committeeUPI. - 61 words
-
Article195 1976-10-21 11 UPI MOLINE (Illinois), Wed. Deere and Co., noting sales to both Arab countries and Israel, said yesterday it was not fair or accurate to be placed on the Arab boycott list issued by the Commerce Department. "The Department of Commerce tahes the positionUPI - 195 words
-
Page 11 Advertisements
-
Advertisement469 1976-10-21 11 APPOINTMENTS I"® I ume «XHUME INDUSTRIES (S) LTD. invitss applications from suitably qualified candidates for the challenging and rewarding position of: PROJECT/ 5 m a Applications are invited from suitably qualified applicants for the following positions in a manufacturer of electronic components in the Kalln"' P Industrial Estate:ELECTRONIC ENGINEER Applicants469 words
-
Advertisement776 1976-10-21 11 r OPERATIONS/ 1 ADMINISTRATION OFFICER A leading American Offshore Bank requires an experienced Operations/Administration Officer to work closely with Senior Management in the implementation of operational procedures, and to supervise the existing operations staff. Applicants should possess a good working knowledge of Letters of Credit, Bills of Exchange, ACU and776 words
-
-
368 1976-10-21 12 THERE is scope for a wider application of apprenticeship as a means of producing the skilled workforce required in Singapore. This was stated in a workpaper prepared by the Industrial Training Board to be discussed at its seminar next week. In this respect, the board368 words
-
Article287 1976-10-21 12 THE rapid expansion in the Industrial Training Board's enrolment has caused the board to have a rethink about the courses it wished to run for industrial training. With varying demands for labour in industrial sectors. the board feels it is opportune "to evaluate what287 words
-
234 1976-10-21 12 THE Industrial Training Board says it will be able to meet the Republic's demand for skilled industrial workers in the second half of the 1970'5. The expansion, since its formation in 1973, coupled with the output from the Economic Development Board and private234 words
-
Article94 1976-10-21 12 THE Government has reduced its financial support to the National Statistical Commission of Singapore and this has been accompanied by a large reduction in staff. According to the latest financial statements of the commission for 1975/76, government grant has been reduced by 23 per cent94 words
-
Article186 1976-10-21 12 AP. HONGKONG, Wed. Prices at the Canton Trade Fair in China were higher by eight to 20 per cent over last year'a Autumn Fair and there was a scramble for good* by foreign bmineesmen, the South China Morning Poet reported today. The English language daily, quotingAP. - 186 words
-
Article151 1976-10-21 12 MR. PETER Tierney, managing director of Jason's Supermarket here yesterday became the first Singaporean to be awarded the title of "Master Counsellor and Gastronomer of French Cheese" by a leading exporter of French cheese, SAISOF. Mr. Tierney has been airfreighting specialty French cheese into151 words
-
118 1976-10-21 12 THE US Federal Reserve Board's continuing action in restricting money supply as a means of controlling inflation will mean that the present economic upswing will be much more moderate but also far more lasting. Stockbroking firm Lyall and Evatt's October newsletter commended the decision118 words
-
148 1976-10-21 12 OHIO's first trade mission to Singapore flew into the ■Republic on Tuesday night and spent a busy day yesterday scouting out sales prospects. At a press conference yesterday Mr. James Duerk the mission leader said that the 20-man team was in the country to148 words
-
Article89 1976-10-21 12 SEVERAL suits were filed at the High Court here yesterday. Among them was a suit by Hawker De Havllland against Airfast Services Indonesia for $48,178 due for materials supplied and services rendered. Kwok Ngan Shipbuilding and Shlprepalrlng was also sued by Wing Leong Machinery for .$44,330 due for89 words
-
455 1976-10-21 12 TALKS WITH PETRONAS EXPECTED AFTER DEADLINE? KUALA LUMPUR, Wed. Texas Pacific Oil Company, which Is one of the world's largest Independent oil companies, Is expected to hold serious negotiations with Petronas any time after Nov 15 the deadline given by the government to455 words
-
208 1976-10-21 12 UPI. LONDON, Wed. British shipbuilding and aeronautics are among the industries which the Japanese believe can help Britain to close the trade gap with Japan. The 1364 million (551.47 billion) trade imbalance must be closed, industrial leaders from both countries agreed today. AfterUPI. - 208 words
-
Article216 1976-10-21 12 UPI TOKYO, Wed. Canadian Prime Minister Pierre Elliot Trudeau arrived today for a week-long official visit designed to boost economic and cultural ties with Japan. A special Canadian jetliner carrying Mr. Trudeau and his official party, including his wife Margaret, flew into rain-soaked Tokyo International AirportUPI - 216 words
-
Article222 1976-10-21 12 AP. TOKYO. Wed. Japan's major steelmakers have reached general agreement to supply China with 1.3 million to 1.5 million metric tons of rolled carbon steel from November to next March. Nippon Steel Corporation (NSC) said today. NSC said the volume is twice the amount of theAP. - 222 words
-
189 1976-10-21 12 Reuter. HONGKONG, Wed. Hongkong and Kowloon Wharf and Godown Co said the HK$2OO million (Ssloo million) issue at par of 7% per cent unsecured loan stock 1991, which it announced yesterday, will be payable as to $60 per $100 nominal unit by Dec 10, withReuter. - 189 words
-
Article194 1976-10-21 12 Reuter. TOKYO, Wed. The Japanese Government will issue 1,300 billion yen (5510.92 billion) of national bonds on Oct 22 as the Initial Instalment of a total 3,750 billion yen of deficitcovering bonds to be floated during the current fiscal year ending March 31, the FinanceReuter. - 194 words
-
Article103 1976-10-21 12 Reuter. WASHINGTON, Wed. Capacity utilisation in manufacturing industries rose to 73.6 per cent in the third quarter from 73 per cent in the previous quarter, the Federal Reserve said. The Fed said it is revising its manufacturing capacity and utilisation indices in line with its recent revisionReuter. - 103 words
-
Article190 1976-10-21 12 A BOOK on "Merchant Banking in the Far East" has Just been published by the Banker Research Unit in London. Researched and written by Mr. Michael T. Skully of the University of New South Wales, "Merchant Banking in the Far East" covers the background, development,190 words
-
Article139 1976-10-21 12 Reuter. SURABAYA (East Java), Wed. West German Ambassador Dr. Kurt Mueller arrived here today for the opening of one of the biggest Mercedes-Benz motor car workshops in South-East Asia. The new workshop, operated by P.T. Hartono Raya Motor Service, employs about 80 people specialised inReuter. - 139 words
-
174 1976-10-21 12 Reuter JAKARTA, Wed. Foreign Minister Adam Malik today said Indonesia would only pay the arrears of tanker charter fees on the basis of real price. "If the shipowners refuse this, we shall file a law suit or seek other tankers to carry ourReuter - 174 words
-
Article118 1976-10-21 12 KUALA LUMPUR, Wed. Successful applications of rubber in engineering requires the enthusiastic cooperation of the researcher, the technologist, the engineer and the planner, Malaysian Rubber Research Controller, Tan Sri Dr. B.C. Sekhar, said today. Closing the three-day seminar on the Natural Rubber in Engineering at the118 words
-
Article112 1976-10-21 12 KUALA LUMPUR, Wed. Work in Port Klang Harbour Workers Union called off its "go-slow". Union president, Encik Mohamed Noh Katlm said the decision to resume normal work was taken in the "national interest." The go-slow, which started yesterday, was to back 13 claims the112 words
-
Article92 1976-10-21 12 EKMAN and Company has Just introduced the Kenro range of cameras to the local graphic and printing Industry. Designed and manufactured by Kenro Corporation, US, the vertical process cameras accept film sizes of up to 60 cm. There are five models to choose from. The cameras have92 words
-
227 1976-10-21 12 AP TOKYO. Wed. Japan is ready for talks with Aaean the Association of SouthEast Asian Nations on economic co-operation. Foreign Minister Zentaro Kosaka told Indonesian Economic Minister Widjojo Nitisastro today. Mr. Widjojo told Mr. Kosaka that the Asean member countries were looking forwardAP - 227 words
-
304 1976-10-21 12 THE Income Tax Board of Review yesterday ruled that leave passage provided by an employer for an employee Is taxable as it formed part of the employee's gain and profit from employment. Senior District Judge, Mr. T.S. Sinnathuray, the chairman of the board, said304 words
-
160 1976-10-21 12 AP JAKARTA, Wed. Eight persons have been arrested so far in connection with the alleged plot to overthrow President Suharto in September, Lt. Gen. Yoga Sueama, chief of the state intelligence body, said today. Following a meeting with President Suharto, the intelligence chiefAP - 160 words
-
Page 12 Advertisements
-
Advertisement103 1976-10-21 12 MATERIALS MANAGEMENT FINANCIAL CONCEPTS FOR MATERIALS EXECUTIVES Three-day seminar designed for Materials Managers. Purchasing Executives. Buyers. November 24-26. Singapore Accounting Concepts Ac Cash Flow Inventory Pricing Materials Accounting Cost Accounting DCF Ac Net Present Value Analysis Financial Arrangements With Suppliers Decision Rules Avoiding Financial Disputes With Suppliers ANNUAL REPORTS PRODUCING103 words
-
Advertisement309 1976-10-21 12 The great outdoors: we're out there all the time. Globe art studio Outdoor advertising ha 6 been our business for 40 years. And we've handled just about anything under the sun. Exhibitions, conventions, in-store displays, van design, outdoor signs, hoardings, banners and bus panels. And even T-shirts, giveaways and P.O.S.309 words
-