The Business Times, 28 October 1976

Microfilm: NL8961
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 1455/76 THURBDAY, OCTOBER 28, 1V76 SO CENTS
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  • NEWS SUMMARY
    • Article
      Granite plant in Mandai
      53 1 THE Government-owned Resource Development Corporation has awarded a $5.5 million contract to a Japanese firm, Iwatani, to lnstal a 250 tonnes/ hour granite crushing plant in Mandai. The plant, which will be ready by November 1977 will provide the basic materials for the Changl airport project
      53 words
    • Article
      Triple-tanker collision
      82 1 ANTI-POLLUTION craft from the Port of Singapore Authority, and oil and salvage companies, were last night deployed to battle thick oil slicks after a triple tanker collision In the crowded Eastern Anchorage. The mishap occurred when the Italian tanker Cltta Di Savonna collided with a Philippines tanker which
      82 words
    • Article
      A new low
      43 1 LONDON, Wed. At 3 p.m., the Financial Times index was down 5.3 to 268.0, hitting a new low for the year. Metal prices on the LME however rose at the opening, with Cash tin up £25 and lead up £8.25.
      43 words
    • Article
      Lock icon China signs charter
      56 1 AP BANGKOK, Wed. China has become the eighth country to sign the Constitution of the AsiaPacific community, which will set up a regionwide telecommunication link-up and other Joint ventures in the field. A UN spokesman said Chinese Ambassador to Thailand Chi Tse-min signed the constitution on behalf
      AP  -  56 words
    • Article
      Lock icon Post links Park
      67 1 Reuter WASHINGTON, Wed. The Washington Post said today highly secret intelligence reports linked South Korean President Park Chung-hee to allegations that he personally ordered South Korean intelligence agents to bribe American congressmen. The Post quoted informed government sources as saying the data included electronic eavesdropping, wiretaps and
      Reuter  -  67 words
    • Article
      Lock icon E. Timor recognition
      57 1 Reuter WELLINGTON, Wed. New Zealand will continue to recognise Indonesia as the de facto authority In East Timor, the acting Minister of Foreign Affairs, Sir Keith Holyoake, told a questioner In the House of Representatives here today. He said it was the most sensible and practical way
      Reuter  -  57 words
    • Article
      Lock icon Joint war games
      59 1 Reuter KUALA LUMPUR, Wed. Indonesian and Malaysian military leaders today discussed a plan to hold a joint exercise, It was announced here. The chief of Malaysian general staff, Lieute-nant-general Tan Sri Mohamed Sany Abdul Ghaffar, said his discussions with the visiting chief of Indonesian army staff, General
      Reuter  -  59 words
    • Article
      Dow Jones
      37 1 NEW YORK, Wed. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 50.80, up 2.66; 20 transp 07.7, up 1.14; 15 utlls 6.7, up 0.16.
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  • Chief price changes
    • Article, Illustration
      In Singapore yesterday
      150 1 END-OF-THE-MONTH covering activities made for a steadier session at the Stock Exchange of Singapore yesterday. Marginal gains were noted following a last minute rally. The Business Times index rose 4.24 points to 245.38 while the Straits Times Industrial average inched up 0.58 point to 246.91. Rises Murata
      150 words
    • Article
      In Kuala Lumpur
      95 1 Rises U.O.B. $3.50 .10 N. Serendah $2.10 .08 Pan Elect $1.72 .06 Weamc* *2 57 .06 D.B.S. $3.80 .06 Inchcape $2.25 .05 M. Banking $0 45 .05 O.C.B.C. $8.05 .05 Foils Coa. Plant $2.92 -.14 Sel. Coconuts Bouatead $1.30 -.10 $3.22 -.06 Sel. Prop. Dunlop lad $1.40
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  • Article, Illustration
    Lock icon Key witnesses Johnson-Hill and Scothorne
    821 1  -  ■y QUEK PECK LIM MR. K. A. Johnson-Hill, a former director of Haw Par Brothers International based in Hongkong, and Mr. John Scothorne, former chief financial officer of Haw Par, will be the Singapore Government's key witnesses In the forthcoming prosecution against ex-Slater Walker executives.
    Evening Standard Photo.  -  821 words
  • Article
    Goodbody gives in
    67 1 LONDON, Wed. Patrick Goodbody, one of the four former Haw Par executives whose extradition is bring sought by the Singapore Government, is expected to surrender himself here in response to an extradition warrant. According to sources, he will return to London from the Channel Islands, where he
    67 words
  • Article
    Lock icon STERLING SLIPS FURTHER
    300 1 UPI BRUSSELS, Wed. The British pound slipped further and the US dollar also lost ground at the opening of European money markets today. Gold rose 50 cents in Zurich, opening at UBsllB.lo an ounce, and was up in London from $117.75 to $118.60. In London the pound
    UPI  -  300 words
  • Article
    Third party blows in to Ben's rescue
    684 1 BEN has reached tentative agreement with a third party which will pave the way (or cash to be injected into the financtallystrapped company, it was learnt yesterday. The Interested party, which is being advised by merchant bankers, Baring Sanwa, is understood to be
    684 words
  • Article
    Lock icon Round one of formal merger talks open
    553 1 Reuter HONGKONG, Wed. Financial advisers to Hutchison International and Whlelock Marden and Co are holding their first formal meeting today on formulation of possible terms for a merger between the two companies, a Hutchison spokesman told Reuters. The spokesman was answering written questions
    Reuter  -  553 words
  • Article
    Lock icon Japan offers to pay
    39 1 AP KUALA LUMPUR. Wed. Japan and the Philippines have expressed their desire to pay compensation for damage caused by oil spills from the tankers Showa Maru and Diego Sllang, a Cabinet Minister said yesterday. AP
    AP  -  39 words
  • Article
    Lock icon Six-point plan for Japan's recovery
    264 1 Reuter TOKYO, Wed. Japan's International Trade and Industry Minister Toshlo Komoto today announced a new slx-polnt programme to step-up the tempo of the nation's economic recovery. Mr. Komoto told a press conference that he was gravely concerned over the fall In Industrial production for two
    Reuter  -  264 words
  • Article
    $182 m loan for Jakarta bank
    218 1 NEGOTIATIONS are under million) loan for Bank of Indonesia to refinance interim loans extended by the bank for the Cilacap refinery project in South Central Java. Invitation telexes were sent out by the agent bank, Asia Pacific Capital Corporation this week. The lead manager
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  • Article
    Lock icon PESO REFLOATED
    110 1 Reuter MEXICO CITY, Wed. The Mexican Central Bank has refloated the peso to meet a rapid outflow of funds into US dollars. The bank had been holding the peso at between 19.70 and 19.90 to the dollar since Sept. 12. On Aug 31 the currency was allowed to
    Reuter  -  110 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      42 1 Colour TV is simply great Oversea*, New*/ TV Radio Overseas News/ Features Local Co News Foreign Co News Local Stocks Overseas Stocks P 2 Commodities Transport ft Comp 3 municatkmi B Features v 4 Oversea! News PS Local ft Overseas# P News
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    • Advertisement
      Page 1 Advertisements Column 2
      42 1 SEE PAGE 3 MEMO TO RNANQAL MAi JAGERS e can now earn interest in just 7days Hong Leong Finance offers all companies attractive interest rates on short-term deposits. From as short a penod s. Phone 220 9433 (15 lines) for details. *1
      42 words
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      Page 1 Advertisements Column 3
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      99 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Ford rakes up Watergate, Nixon's rule
      380 2 Reuter CHICAGO, Wed. Former President Richard Nixon Joined Democratic presidential candidate Jimmy Carter today as a target in President Ford's struggle to stay In the White House. Mr. Ford raised the Watergate issue and his disgraced predecessor in a campaign speech last night, hours
      Reuter  -  380 words
    • Article
      Lock icon Revving up talks at GM, Chrysler
      246 2 AP DETROIT, Wed. With the Ford Motor Co. close to full recovery from a nationwide strike, the United Auto Workers Union is expected to step up contract talks at General Motors and Chrysler. The union plans to use the Road agreement as the basis
      AP  -  246 words
    • Article
      Lock icon Syrians – PLO join forces
      165 2 Syrians PLO join forces UPI BEIRUT, Wed. Syria and the Palestinians locked in bitter battles since Syria's intervention in Lebanon's civil war reportedly have reached a new understanding in order to counter a rightist drive to sweep the Palestinians from south Lebanon. "There is an element of truth In today's
      UPI  -  165 words
    • Article
      Lock icon DRKIN THE WAY OF CHINA, RUSSIA CHARGE
      184 2 UPI HONGKONG. Wed. The Soviet Union, in a radio broadcast beamed to China yesterday, accused US Secretary of State Dr. Henry Kissinger of trying to "obstruct normalisation of Soviet-Chinese relations." The broadcast commentary by Moscow Radio said Dr. Kissinger had made remarks of
      UPI  -  184 words
    • Article
      Lock icon EEC Assembly bids for bigger budget
      363 2 Reuter LUXEMBOURG. Wed. The Common Market's European Parliament, making Its 'annual attempt to win more control over EEC spending, today votes on proposals to Increase the community's draft 1977 budget of 8.7 billion units of account (US$lO.4 billion or 5920 billion) by about six
      Reuter  -  363 words
    • Article
      Lock icon Do allow bribes to be paid call by governor
      354 2 UPI BATON ROUGE (Louisiana), Wed. Governor Edwin Edwards said yesterday American businessmen should be allowed to pay bribes to sell products abroad If it 1s accepted practice in the country where they do business. Mr. Edwards blamed the media and national
      UPI  -  354 words
    • Article
      Lock icon Hanoi hits at two with one stone
      234 2 UPI BANGKOK, Wed. Vietnam yesterday unleashed a violent verbal attack on Thailand obviously aimed at the United States as well. The Vietnam l(ews Agency (VAN) monitored In Bangkok reported a front page editorial In yesterday's edition of the official Hanoi dally Nhan Dan
      UPI  -  234 words
    • Article
      Lock icon DEPUTY PREMIER STANDS IN FOR KOSYGIN
      241 2 Reuter MOSCOW, Wed. Soviet Deputy Premier Nikolai Balbakov replaced Prime Minister Alexel Kosygln as the speaker reporting on the new five-year plan when the Supreme Soviet (Parliament) opened a three-day session in the Kremlin today. But Mr. Kosygln, who only recently reappeared In public
      Reuter  -  241 words
    • Article
      Lock icon Denmark, India ventures
      90 2 Reuter NEW DELHI, Wed. India and Denmark have agreed to co-operate In a number of Industrial ventures and to expand and diversify trade, according to a Joint communique Issued today. The communique followed talks here between delegations led by Danish Foreign Economic. Affairs Minister Ivar Noerggard and
      Reuter  -  90 words
    • Article
      Lock icon New cargo line
      58 2 Reuter MOSCOW, Wed. A Soviet tanker loaded with petrol has left the Soviet port of Feodosiya for Calcutta to open a new regular cargo shipping line between the USSR and India, the Soviet News Agency Tass reported yesterday. This brings to four the number of regular shipping
      Reuter  -  58 words
    • Article, Illustration
      Lock icon Imelda for Libya to seek Muslim support
      336 2 Reuter MANILA, Wed. Mrs. I meld* Marcos (above), wife of the Philippines President, is to visit Libya as soon as possible as part of a drive to gain the support of Islamic nations for an end to the Muslin rebellion in the Southern
      Reuter  -  336 words
    • Article
      Lock icon UN VOTE AGAINST TRANSKEI
      74 2 UPI UNITED NATIONS, Wed. The General Assembly passed a resolution yesterday declaring the independence proclamation of the Transkei Invalid. The resolution was adopted by a vote of 134-0 after a day of debate on South Africa's policy of racial segregation (apartheid) which brought some of the
      UPI  -  74 words
    • Article
      Lock icon Geneva talks outlook now brighter
      289 2 Reuter GENEVA, Wed. A note of optimism has been Injected Into the conference on Rhodesia's future following Intensive talks between the British chairman and conference delegates, diplomatic sources said. But despite the slight Improvement in atmosJ there Immense problems aced black and white delegates, the
      Reuter  -  289 words
    • Article
      Lock icon New evidence given to extradite Sindona
      422 2 UPI NEW YORK, Wed. The US Government submitted new evidence yesterday, on behalf of Italy's effort to extradite Mlchele Sindona, the once-powerful Italian financier, for trial on charges he embezzled US$225 million (*****.5 million) from a Milan bank he controlled. "The documentary evidence submitted
      UPI  -  422 words
    • Article
      Lock icon Tokyo bid to step up Europe imports
      223 2 UPI BRUSSELS, Wed. The Japanese Government plans to send a mission to Europe to stimulate European exports to Japan, Mr. Toshiwo Doko, president of the Keidanren, federation of Japanese industries, said yesterday. Mr. Doko who called on the European Common Market executive commission
      UPI  -  223 words
    • Article, Illustration
      Lock icon No change in IMF gold auctions until next year
      416 3 Reuter WASHINGTON, Wed. The International Monetary Fund will probably not try to change its schedule of gold auctions as recommended by US Treasury Secretary William Simon until early next year, monetary sources said. The fund's next auction of 780.000 ounces of
      Reuter  -  416 words
    • Article
      Lock icon European economic upswing to lose momentum
      294 3 Reuter ZURICH, Wed. The upswing, in Europe Is likely to lose momentum In the next 12 months, Mr. T.M. Rybczynski, economic adviser of Lazard Brothers and Co. Ltd. said. There Is likely to be renewed divergence between the strong and weak countries especially as
      Reuter  -  294 words
    • Article
      Lock icon Italy payments deficit
      170 3 Reuter ROME, Wed. Italy had a provisionally estimated deficit on its overall balance of payments in September of 530 billion lire, compared with a downward revised surplus In August of 254.5 billion lire and an upwards revised surplus in July of 940.1 billion, the Bank of Italy
      Reuter  -  170 words
    • Article
      Lock icon 'Exchange rate problems hamper Oecd recovery'
      282 3 Reuter ZURICH. Wed. The current problems of payments imbalances, exchange rates and adjustment policies may prove a handicap for economic recovery in the Oecd region, and for international settlements, economic adviser Alexandre Lamfalussay said. Referring to previous published forecasts that the Oecd area will
      Reuter  -  282 words
    • Article
      Lock icon Mitsubishi reaffirms plan with Chrysler
      272 3 Reuter TOKYO, Wed. Mitsubishi Motor Corp. Ltd said it sees no reason to change its statement yesterday that it was considering producing small cars Jointly with Chrysler's subsidiaries in Britain, France, and Spain. Commenting on Chrysler (UK) Ltd's denial such a plan or agreeing to
      Reuter  -  272 words
    • Article
      Lock icon 'Profits up 17pc'
      92 3 Reuter NEW YORK, Wed. Preliminary indications show third-quarter US corporate earnings rose about 17 per cent from third quarter last year, Citibank N.A. said in its publication "Economic Week." Corporations are showing a one per cent rise over the second quarter but this does not yet include
      Reuter  -  92 words
    • Article
      Lock icon A new price code?
      70 3 Reuter LONDON. Wed. Price* Secretary Roy Hattersley ■aid if price control continue* alter July 1977 there must be a new policy. A reviled price code would not meet nil needs, he told the conference of the Food and Drink Indus tires Council. "Futures price policy must
      Reuter  -  70 words
    • Article
      Lock icon A gloomy future for the European Common Market
      680 3  -  By CLYDE FARNSWORTH NYT LIKE a leaking ship, the frail structure of the European Common Market Is half submerged by monetary turbulence, divisions between Its rich and poor member nations and mounting waves of protectionism. A question now being asked nearly 20
      NYT  -  680 words
    • Article, Illustration
      Lock icon JAPAN'S RISING TRADE SURPLUS
      746 3  -  BUT IN STORE THE GAP NARROWS By JAMES WEEKS Reuter JAPAN'S embarrassingly large trade surplus is growing even bigger amid mounting evidence that Its economic recovery will not stimulate enough imports to redress the balance. For months now, Japan has been assuring worried trading partners especially
      Reuter  -  746 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      293 2 mms *3r*Mfe BUSINESS MACHINES ITOKI Burglar Safe(T.D.R. and E.D.R. Specification) Equivalent to Anti-burglar Tested and approved by 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. Japan Industrial Institution Key and 2
      293 words
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      Page 2 Advertisements Column 2
      283 2 SEE PAGE 3 0 TV SINGAPORE 5 3.00 p.m. Opening Announcements followed by Housewives' Matinee The Tender Nights (r), with English/Chinese subtitles. Pt. 1 of a Mandarin film 3.55 General Hospital 4.40 Intermission 6.00 p.m. Opening Announcements followed by Castaway Dry Land 6JO News in Brief 635 Tadika (Malay) (r)
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      63 2 Bristow; ?ax± Rfeool P>o>o M£ UP M*S Pt* pvhd n>p©e ks *r ■TO STFSRT ■\*u* ue Pur rr dcxjn fvgfmn, MesnpO(£r>, ?»CJ£eD \T UP PGPKKI, v*xsiaex> FoC ft umul PvND TWCN PUT IT DOoJI*. NO* l Vt's PcKfeD n" UP p«s)o vs <b»seo ***> IF TO L wwae. P> f
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      321 3 Many cars offer some of the things a\folvo does. No car in the same class offers all the tilings a\fo!vo does. This sounds like quite a claim. But if you check this list against any other car of the same class, you'll find that we're not just making idle talk.
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      252 4 t m u V ■*r* SI ka ~<• 1 MM V i MM» I mm* •v. lw ft 55 Ife ft i >•:•• r > m m m Vi 10:22 <•4 <>< v V f, /j 4 iili ■i:,. m-:;s:-v. 11:03ajii. Hong Kong. (L to R) Leung Wai-Ho, Ban) g*»!
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  • COMPANY NEWS
    • Article
      Maiden payout from Kemayan
      347 5 AFTER a two-year delay. Kemayan Oil Palm Is to pay a maiden first and final dividend of 7 '/a per cent for the year ended May 31, 1976. A brief company statement did not advance any explanations beyond stating that the annual report will be available
      347 words
    • Article
      PEOPLE IN BUSINESS
      142 5 HARIMAU Investments announced the appointments of Dr. Phay Seng Whatt and Mr. Thean Lip Ping as directors of the company recently Mr. Ronald Binks, managing director of Korn/ Ferry Singapore recently announced the appointment of Mr. Robert Bowen as vice presient of the company. Kuala Lumpur Industries
      142 words
    • Article
      Alcan recovers
      103 5 NEW YORK. Tues. After plunging 52 per cent to US$lO.6 million at midterm. Alcan Aluminium staged a strong recovery in the third quarter with net profit more than doubled to $10.4 million ($4.9 million). This reduced the setback to 22 per cent for the first nine months. During
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    • Article
      CHICAGO BOARD OPTIONS
      1028 5 On October 26 PRICES on the Chicago Board Options Exchange moved higher on Tuesday as gainers led declines, 415 to 52. Turnover approximated 74,402 contracts, up form 64,028 contracts on Monday. OPTION JAN APL JLY STOCK Ucoa 45 UNTRD NOL NOL 54 Ucoa SO 5 3/8 UNTRD
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    • COMPANY MEETINGS
    • Article
      Pan American earnings dip
      182 5 NEW YORK. Wed Net third quarter earnings at Pan American World Airways dipped to $42.8 million from $44.6 million or $1.01 per shares from $1.06 previously. However, the company reported that net profits in September rose from $1.7 million to $4.6 million or 11 cents per
      182 words
    • Article
      Alum (A) soars
      121 5 NEW YORK, Wed. Aluminum Co of America has reported record net third quarter earnings of $39 14 million compared with $7.86 million or $1.13 per share against 21 cents previously. The near five-fold jump in net earnings was achieved on the back of sales of $783.6 million
      121 words
    • Article
      Harrisons & Crosfield
      104 5 Harrisons Crosfield LONDON. Wed. Harrisons and Crosfield has reported a 74 per cent rise in pre-tax profits to 110.54 million (16.06 million) for th«* first six months ended June 30. 1976. Turnover rose from LlB7 million to 1239 million. This makes for an earnings per share of 23.92 pence (15.5p)
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    • Briefly
      • Article
        Getty Oil profit drop
        67 5 NEW YORK. Wed. Net third quarter profit at Getty Oil fell from US$B7 million to $67.34 million, reducing the nine-month total from $191.3 million to $187.5 million. Earnings per share were $3.59 ($4.65) in the third quarter and $10.01 ($10.22) in the nine months. Sales from
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      • Article
        Edison
        96 5 NEW YORK, Wed. The profit increase at Commonwealth Edison has slowed down considerably in the third quarter with net income showing a rise of only $16.3 per cent to U5586.54 million ($74.41 million) on a sales increase of 10.9 per cent to $535.9 million ($483.4 million). This reduced the
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      • Article
        N. Broken Hill
        89 5 MELBOURNE. Wed. Estimated net profit at North Broken Hill rose by 21.7 per cent to A 51.68 million for the first three months ended Sept 30, 1976. Profit comprised estimated investment income of $1.14 million (Si.l 3 million), mining profit of $569,000 ($313,000) and loss on rural
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      • Article
        Borden
        89 5 NEW YORK. Wed. Net earnings at Borden recorded a rise of 20 per cent in the third quarter despite a marginal decline of two per cent in sales. Net earnings for the quarter amounted to U5530.73 million ($25.52 million) on sales of $807.3 million ($821.1 million). This makes for
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      • Article
        Lock icon Polaroid
        62 5 Reuter CAMBRIDGE, Mass., Wed. Polaroid Corp has requested the cancellation of two of its instant picture patents in Canada and the Federal Court acted on the company's request. The company said the patents are not among the 10 involved in the patent infringement suit it brought against Eastman Kodak
        Reuter  -  62 words
      • Article
        Mitsubishi
        67 5 STAMFORD, (Conn.), Wed. Combustion Engineering said it and Mitsubishi Heavy Industries of Tokyo and Mitsubishi International Corp formed a Jointlyowned fan company, headquartered in Windsor Locks, Conn., called C-E/MHI Fan Co. Under a license agreement with Mitsubishi Heavy Industries, the new company will sell, install and service and has
        67 words
      • Article
        TKM
        84 5 LONDON. Wed. For the first half-year ended June 30. 1976, pre-tax profit at Tozer Kemsley and Mildourn (Holdings) jumped by 54.9 per cent to 11.72 million. However, due to a high tax charge, net profit showed a fall of eight per cent to 1526.000 It is paying an Interim
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      • Article
        Komatsu
        80 5 LONDON, Wed. Komatsu subsidiary Komatsu Forklift said it plans to issue 4.5 million common shares of 50 yen par value by a private placement to be arranged and wholly subscribed by Nikko Securities (Europe), J. Henry Schrodeg Wagg and Merrill Lynch International. Terms of the issue are expected to
        80 words
      • Article
        Johnson
        105 5 NEW YORK. Wed. The profit increase at Johnson and Johnson is slowing down. In the third quarter It was only able to achieve a 6.6 per cent rise to U5553.43 million after enjoying a 13.8 per cent increase in the first six months. This reduced the nine month rise
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    • Article
      DIVIDENDS ANNOUNCED
      362 5 Current E* Date Total for Total for payment Date payable the year previous year National Inn 7.5%TE+ Oct. 11 Oct. 29 7.5*TE+ 12.5*TE SMI 10*+ Sept. 28 Oct. 29 10*+ 20* Bukit Katil 10* Oct. 8 Oct. 30 16* 20* H. GilfilUn 5*+ Oct. 12 Oct. 30 5*+
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    • Article
      Lock icon Plessey sees second half profit upturn
      347 5 Reuter LONDON. Wed. Performance at Plessey has shown some improvement in the first six months ended Sept 30, 1976, with pre-tax profit rising 8.1 per cent to i' 18.39 million (117.01 million). Though the improvement is continuing it is apparent that it has still
      Reuter  -  347 words
    • Article
      Lock icon Gillette explains
      71 5 Reuter NEW YORK. Wed. Gillette, which reported lower third quarter earnings of U5516.75 million ($20.09 million), incurred a loss of $8.1 million foreign exchange translation in the third quarter compared with the $5.5 million loss previously, treasurer, Mr. Milton Glass, told analysts. He said the cumulative loss from
      Reuter  -  71 words
    • Article
      Lock icon Cunard leases ships
      170 5 Reuter LONDON, Wed. Trafalgar House Investments' subsidiary. Cunard Steam Ship has agreed in principle to charter 10 ships bought from Maritime Fruit carriers to Salen of Stockholm for two years. Cunard estimates a modest profit after all costs, including interest on the total purchase price of 12
      Reuter  -  170 words
    • Article
      Warner-Lambert
      109 5 NEW YORK. Wed For the third quarter, net earnings at Warner-Lambert have risen marginally to U5547.45 million from $46.56 million on an increase of eight per cent in sales to $604 million. Net earnings per share was static at 59 cents. However, this was sufficient to boost net earnings
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    • Article
      Lock icon Aramco delays, Standard Oil suffers
      176 5 Reuter SAN FRANCISCO. Wed. Standard Oil of California earnings will be adversely effected because of a reduction in availability of crude oil from the Arabian American Oil Co (ARAMCO). a Standard Oil spokesman said. He said a problem with tanker loadings in Saudi Arabia had
      Reuter  -  176 words
    • Article
      Inco issues higher dividend
      141 5 TORONTO. Wed. With a strong recovery in the third quarter, Inco is paying an extra dividend of 20 US cents in addition to the regular quarterly payment of 35 cents on Dec. 1. This will bring the year's total payment to $1.60, the same as paid
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    • Article
      Lock icon Chrysler not satisfied with dividend
      326 5 Reuter DETROIT, Wed. Chrysler Corp chairman, Mr. John Riccardo, said he is not satisfied with the company's current 15-cent dividend level, but he would not say whether management would seek a dividend rise at Chrysler's board meeting set for Oct 28. Mr. Riccardo was addressing
      Reuter  -  326 words
    • Article
      Bendix
      31 5 SOUTHFIELD, Mich., Tues. Bendix has raised its quarterly dividend to 50 US cents from 43 cents. The company said the dividend will be declared in November and paid In December.
      31 words
    • Article
      Rise for Phillips
      134 5 NEW YORK. Wed. Despite foreign exchange losses of US$9.B million, Phillips Petroleum was still able to raise third quarter net profit by 36 per cent to $98.3 million ($72.3 milliion) on sales of $1.43 billion ($1.31 billion). The company attributed the profit jump to improved performance by
      134 words
    • Article
      Lock icon Tenneco enjoys earnings surplus
      124 5 Reuter NEW YORK. Wed. Net third quarter earnings at Tenneco rose to U5599.6 million from $93.8 million on revenue of $1.57 billion compared with $1.40 billion previously. This makes for net earnings of $1.13 per share ($1.15) diluted to $1.02 from $1 last time. For the
      Reuter  -  124 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      174 5 When it comes to complicated calculations consult the Professionals SHARP Calculators SHARP Calculators have one thing in common the ability to reduce cost increase output. That means more business for you. CS-4152 $730 14 digits, 1 memory, Display with print/non<>rint switch. Item counter. Right shift key Constant and complex calculations.
      174 words
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  • Article
    Share Information Service
    1925 6 SECTION ONE INDUSTRIALS Gr's Gr's 1»76 Loot div Div y'W P/E Vol Dmv High Low Company Sale +or- c'vr (•000) High Low 250 170 Acma 170 12.ON 1.1 7.0 8.5 206 172 Alcom 206 20.0 1.3 9.7 13.2 100 60 Allied Choc 65 237 185 Bata 210
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  • Article
    Transactions in Singapore
    1305 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified All Time Settelment Contracts are quoted after the world "Sett." Big Board
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  • Article
    Unit trusts
    139 6 SINGAPORE UNIT TRUST (Manager'* price* for Oct 28) The Commerce ...1.66 1.74 The Saving Fund 0.94 0.99 S'pore Prog. Fund 0 78 0 83xd S pore Security Fund 1.23 1.29 S'pore Invest Fund 1.02 1.07 ASIA UNIT TRUST (Manager*' price* for Oct 28) Mai Invest Fund ..1.64 1.75
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  • Article
    Government and corporate bonds
    394 6 S'pore Govt 5 \/2% Taxable Loan No 2 With A I 1975/lst Dec 1977 1.000.000) 101 688 101.78S) S'pore Govt 5 Taxable Loan No I With A I 1976/Isth Apr 197H (1.000.000) (101.638 101.725) S'pore Govt 6 S/I'X Taxable Loan No I With A I 1975/15
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  • Article
    In Kuala Lumpur
    1203 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 AJinamata (1.SOB). <0 #5B 0 70S) <1> 0.69 AM. Oa*. <0.308)
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      228 6 t" ■> t ■y f.t we, v -T C* i mtm V< > B#Bi v y '■i > 3 5*7 V r A L~l L j j Alex Josey has long been an observer, recorder end commentator of the Singapore scene. In this new book, he examines and expleins the
      228 words
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  • Article
    Shares move narrowly
    542 7 BHA»M moved narrowly in low volume and selective trading at the Stock Exchange of Singapore yeetergeneral undertone of the market was still soft as investors were withdrawn though prices recovered slightly towards,the final bell. Apart from the handful of speculative issues, which saw covering activity within a
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  • Article
    Trading in KL ends steadier
    330 7 SHARES squeezed out a modest gain as conditions ruled steadier on the Kuala Lumpur stock market yesterday. Trading, however, was light and confined to a handful of selective issues. The slight change in sentiment was attributed to some bargain hunting and speculative dabbling ahead of
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  • Article
    Listing of EIB bonds
    187 7 THE European Investment Bank's US$3O million 8!4 per cent bond maturing in 1983 will be granted listing and quotation on the Stock Exchange of Singapore from today. This was announced by the SES yesterday in a statement which also said that the bonds were to be
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  • Article
    New York
    869 7 NEW YORK: Btocks, rallying from an oversold technical condition, scored their best gains In more than a week, but volume only was moderate on Tuesday. The Dow-Jones Industrials rose 10.14 points to 048.14, while the broader based New York Stock exchange common stock Index added around 0.51. More
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  • Article
    Amsterdam
    274 7 AMSTERDAM: The market firmed In quiet trading on Tuesday, in reaction to Monday's sharp falls, dealers said. Unilever led Dutch Internationals one guilder higher. Elsewhere, Ommeren and KLM among transports led shares higher while Insurances were mixed. Fokker and Ennia fell. State loans closed firmer after easing In early
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  • Article
    Frankfurt
    172 7 FRANKFURT: Leading shares rinerally rose on Tuesday, up to 50 marks in a technical reaction to Monday's lows, but trading was thin, market sources said. OCT 2S Dm AEO 79 80 1.3 Akzo AUz Leben AtlzVers BASF 144 00 1 Bay HTWbank Bay V ban It Bayer 123 70
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  • Article
    Sydney
    452 7 SYDNEY: Buyers re-entered the market, taking prices substantially higher on Wednesday, after recent weakness, dealers said. The Sydney All-Ordinaries rose 2.4 points to 434.83. The market may have felt It had over-reacted to the possible Implications of the Fox report, due out on Thursday, vhlle corporate news and other
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  • Article
    Jo'burg
    302 7 JOHANNESBURG: Golds firmed on Tuesday, following overseas bullion Indications ahead of the IMF gold auction, dealers said. OCT 2C Rand INDUSTRIALS A Alpha unch Abercom *S AE And a 180 unch AMIC unch ATI Bankor Barlows 260 ♦7 Cg Sugar CM* unch CurneFlntnct mo 640 aio unch Edcon -10
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  • Article
    Manila
    119 7 MANILA: The market closed weak, with prices still declining across the board on Wednesday. dealers said. The Commercial and Industrial average closed at 74.56 up 0.21. Turnover totalled 3.4 million pesos. OCT 27 Pesos Aco)e Mining Alias Con A Atlas Con. B Bag uio Gold Benguet Con B BF
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  • Article
    Hongkong
    325 7 HONGKONG: The market closed easier In very low turnover on Wednesday, wtth operators awaiting a lead from overseas centres, dealers said. The Hang Seng Index fell 1.39 points to 319.12. Turnover on the four exchanges fell to $18.64 million, compared to $22.35 million on Tuesday. oct r HKS Amal
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  • Article
    Zurich
    218 7 ZURICH: The stock market closed narrowly mixed in moderately active settlement day trading on Tuesday. Bankverein eased further among Irregular banks, while Kreditanstalt rose. The Credit Suisse index fell 0.2 point to 203.5. OCT II Francs Actions Suisse* 240 unch AlusulsseBr 1256 25 Alusulsse Reg 410 unch Brown Boverl
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  • Article
    Toronto
    223 7 TORONTO: All Indices advanced marginally by the closing. but trading remained light on the Toronto Stock Exchange on Tuesday. Volume totalled 1.4 million at closing, down considerably from Monday's total of 1.8 million. OCT 2S C» Abiubi Alcan Algoma Bank Mont Bell Tel Beth Corp BP Can llld Brascan
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  • Article
    Paris
    292 7 PARIS: Turbulence in the foreign exchange market owing to pressure on sterling led to general falls on the Bourse on Tuesday. dealers said. OCT K Frs CORBEILLE Air-Llquldf B S N Gervals Danone CSF(Thom»onCsf) Cte Francalae des Petroles Citroen SA Coropagnle Flnanclere Compagnie Generate Credit Foncler De France Hachette
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  • Article
    Brussels
    104 7 BRUSSELS: The market was slightly lower In calm trading on Tuesday, dealers said. OCT 2S Fr* FORWARD MARKET Acec 301 -7 Arbed 3570 10 Astur 996 -2 Brasoan 424 +4 Bru-Lamb 1750 -5 Canpac 814 •10 Cock 576 unch De Be«rs 100 -1 Ebes 1930 unch Electrobel 5480 -20
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  • Article
    Bangkok
    90 7 OCT 27 Bahts Asia Fibre 117 unch Bangkok Bank 243 -2 Bangkok Invest 142 unch Bangkok-Metro-politan Bank 2620S unch Bata 333S -10 Berll J ucker 1548 -1 Charoong Thai Wire 144S -1 Dumex Duslt Tha.ni Faber Merlin First Trust Indo-Thal 1808 -5 J And J Ho 130 ♦4 Jalaprathan
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  • Article
    Milan
    130 7 MILAN: Stocks recovered In thin trading on Tuesday after recent falls. Bourse sources said. Most Industrial and financial leaders gained, Including Fiat, both Pirelli*, Montedison and Olivetti Ordinary. Losers included Anic and Motta. OCT K Lire Anlc 382 -3 Assoc Gen ***** 360 Bastogi 903 15 Centrale 7000 250
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  • Article
    Tokyo
    382 7 TOKYO: The market closed higher in active trading on Wednesday, with selective buying spreading over most sections, dealers said. The Dow-Jones average roae 14.67 to 4,633.20 with volume 210 million share*. The new Index closed at 350.37. up 2.02. oct r Yen AJlnomoto 419 -3 Akal <55 It AsahlChem
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  • Article
    London
    680 7 LONDON, Wed. The stock market closed lower In light trading and at 3p.m. the Financial Times index was off 5.3 to 268.0, a new low for the year. A rise In money market rates added to the prevailing nervousness of the market, dealers said. Government bonds lost up to
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  • Article
    Indices
    92 7 FINANCIAL TIMES INDUSTRIALS Tuesday 273.3 Monday 279.8 Week ago 302 4 TINS Tuesday 116.25 Monday 116.25 Week ago RUBBERS Tuesday 498.90 Monday 491 50 Week ago OILS Tuesday 340.38 Monday 338 31 Week ago 349 25 DOW JONES AVERAGE INDUSTRIALS Tuesday 948 14 Monday 938.00 Week ago 949 97
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      Page 7 Advertisements Column 1
      176 7 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
      176 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Rubber market
      666 8 AFTER a fractionally lower opening, the Singapore rubber market ruled very quiet with prices fluctuating narrowly around 207.00 cents on general lack of trading interest, dealers said. Current November RSS one buyers finished the morning session at 207.00 cents per kilo, up 0.25 cent on Tuesday's close. In
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    • Article
      SSR and SMR
      118 8 DAILY SSR and SMR prices at noon yesterday: Nov. Dec. R.A.S. (Current Mth) (Fo. -ward Mth) Buyers Seller* Buyers Sellers (cm at* per kg) »U per kg) SSR 20 (1-ton Pallets) 189 50 191 50N 190.50 192.SON SSR 50 (1-ton Pallets) 187 00 189 00N 188.00 190.00N
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    • Article
      Straits tin
      179 8 THE Straits tin price In Penang yesterday was unchanged and closed at $1,180.00 per plcul on an official offering down 24 tonnes to 246 tonnes. In LONDON on Wednesday, Tin standard gained £25 per tonne for Cash and £35 for Three Months while high grade rose by £25
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    • Article
      Tin shipment
      66 8 Shipment of Straits Refined Tin from Penang for the period Oct 1 to Oct IS. Destination Shipped Afloat tonnes tonnes Continent 1.040 00 250.00 India 26 00 25 00 Japan 676.00 305 00 Middle East 179 00 58 00 Pacific 74.00 159.00 Singapore 14.00 7.00 U.K. 70.00 USA
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    • Article
      Closing prices
      32 8 Rubber: Oct 27 Singapore: Nov. 207.75 cts (up 1.00 cts.) (down 1.25 cts.) Malaysia: Nov. 214.00 cts. (up 1.00 ct.) Tin: $1,180 (unch) Official offering: 246 tonnes (down 24 tonnes)
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    • Article
      Zinc
      74 8 LONDON, Wed. Zinc was mostly £1.50 per tonne lower. The steady premarket levels were not maintained as light liquidation prompted by the trend in copper took Three Months down to £397.50 per tonne in the ring. Sales 2375 tonnes. Sales were mainly carries. On Tuesday afternoon, zinc eased by
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    • Article
      Palm oil
      115 8 The following Palm Oil prices were i quoted In London Tuesday. The prices are elf Rotterdam and are quoted In I JS dollars per long ton unless otherwise stated. Tuesday Pre*. Malaysian 5% ffa bulk Dec 445slr 443slr Jan 445slr 443slr Sumatra 5% Oct unch 470* Nov unch
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    • Article
      Produce prices
      231 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk $70 sellers, old drum 575 sellers, new drum SBO Copra: Mixed (loose) UK/Cont. $45 buyers. Pepper Muntok ASTA white f o b. 100% NLW 5325 sellers. Sarawak white fob 96% NLW $307S sellers. Sarawak special
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    • Article
      Gold
      362 8 WITH all eyes on the IMF auction this evening the Singapore gold market opened strongly at US$llB per ounce. With considerable activity it moved quickly to higher ground to reach a high of US$ll9 per ounce before reacting towards the close where it finished at US$llB again. The kilo
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    • Article
      Copper
      252 8 LONDON, Wed. Copper wire bars were fully t'3.50 per tonne down for Cash and 12.50 lower for three months compared with previous closing ring levels. Values fell away on the fjremarket under stale bull iquidation prompted by the overnight trend at New York where vague reports were circulating of
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    • Article
      Silver
      139 8 LONDON. Wed. Silver was 0.5 to 0.6p higher. This metal drifted back on the pre-market after Initial steadiness which reflected the overnight New York close and the gold price this morning, dealers said. The market found light covering support in the ring around the 271p level for Three Months
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    • Article
      Lead
      52 8 LONDON. Wed. Lead rose by C 8.25 for cash and 16.75 for Three Months. Ring trading made a slow start but values subsequently forged ahead on covering against pockets of European physical business together with further influential cash buying which found the market somewhat oversold, dealers said. Sales were
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    • Article
      Sugar
      94 8 LONDON, Wed. Terminal opened steady with {>rofit-taking attracted by ack of follow-through to Tuesday's late rise well absorbed by mixed buying and shortcovering. At the end of the opening, call values were L 0.40 to LI. 10 lower. Sales totalled 757 lots. In NEW YORK on Tuesday, sugar futures
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    • Article
      Coffee
      90 8 LONDON, Wed. Robusta futures opened steadier at L' 12 higher to lower on Tuesday's close with an opening call turnover of 109 lots. Dealers said the slightly lower opening in mosi positions reflected New York's performance and steadier sterling. Buyers however, were reserved in front of long selling which
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    • Article
      Rice
      55 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 quiet with prices unquoted. The day's turnover totalled 273 tons comprising Thais 83 tons, Kwangtungs 112 tons and Australlas 78 tons.
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    • Article
      Duty rates
      60 8 THE Malaysian Minister of Finance has fixed these duties from Oct. 27 until further notice: Rubber 95% cts a lb Copra $720 a ton Palm kernel $235.25 a lb The rates of duties payable are: Rubber 12'4 cts alb Surcharge 6% cts a lb (Total 18 cts a
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  • MONEY AND EXCHANGES
    • Article
      Singapore
      561 8 STERLING remained rather steady in the Singapore foreign exchange market yesterday, although the market was nervous initially during the opening with unfirm quotes at U551.5780/ 1 5830. As the market progressed, thin buying and selling of sterling was reported throughout the day at U551.5820/ 40. It firmed steadily towards
      561 words
    • Article
      Asian $ rates
      166 8 Asian rates ASIAN currency deposit interbank rates as at close c »n Oct 27 US Dollars (Spot) Offer Bid 7 days ..51/6 415/16 1 mth ..4 15/16 413/16 2 mths ..51/4 51/8 3 mths ..57/16 5 5/16 6 mths 57/8 9 mths ..61/8 12 mths 65/16 6 3/16 Sw. Fn.
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    • Article
      Discount market
      54 8 RANGE of prices offered by discount houses on Oct 27: Overnight 1"» to 3 V* Call deposit 2' j to 3'*% Ontaf Buy Sell 3-Month Treasurer bills 3 1/8 3 3-Month Bank bills 4 3 7/8 3-Month CD 4 3/16 4 1/18 6-Month CD 4 9/16 4 7/16
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    • Article
      Euro $ rates
      252 8 Euro rates LONDON. Wed. Period Eurodollar deposits opened lower reflecting the Friday dealings technicality, while shorts were little changed, dealers said. Fair business was reported in some periods. Initial technical losses ranged from 1/4 in One Month to 1/16 in loneer positions. Rates showed little movement as fair business was
      252 words
    • Article
      Treasury bills tender
      39 8 THE Monetary Authority of Singapore (MAS) invites banks and discount houses to tender for a total of $50 million 91-day Treasury bills from Nov 1 to Nov 5. Each tender must not be less than $250,000.
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    • Article
      Minimum lending rates (in %)
      63 8 Minimum lending rates (in acbc 7 Firtt Chicago 7 Atg«m«n« Bon* 7 Citibank 7 Bongkok Bonk T/> HKSBC 7% Bonk o* Amorico 7 Indotun 7 Bonk o* Chmo 7V4 Moloyon Bonking 7 Bonk of Tokyo 7 Mi»»ui Bonk 7 Bonk Ntgoro OCBC 7 1 n Oon*».Q 7'/4 OUB 7 7
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    • Article
      KL gold/currency reserves rise
      104 8 KUALA LUMPUR. Wed. Bank Negara Malaysia said Its gold and foreign exchange reserves rose to 5,609 million rlngglt on Oct 15 from 5,449 million on Sept 30 and 5,375 million on Sept 15. Its fortnightly balance sheets showed that total assets rose to 6,554 million (6,475
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    • Article
      S.A. gold holdings
      89 8 PRETORIA. Wed. South African gold holdings held unchanged at 375.2 million rand last week, the Reserve Bank said. However, total gold and foreign reserves rose 4.4 million rand to 701.3 million rand. The bank said In Its return for the week ended October 22. bills rose 7.1
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    • Article
      Lock icon Bill rate up
      27 8 Reuter TOKYO. Wed. Japanese short-term money houses said they raised the bill discounting rate by one-half percentage point to eight percent, effective Thursday. Reuter.
      Reuter  -  27 words
    • Article
      London
      580 8 LONDON, Wed. Sterling fluctuated between US$l.5B and $1.59 In a thin and very nervous market, after a New York close of 1.5820/ 40. dealers said. They reported that fair two-way business had taken place in the Far East around the New York level but London operators are very reluctant
      580 words
    • Article
      New York
      270 8 NEW YORK,Tuesday Sterling closed more than one cent lower from overnight levels. It dropped suddenly near the European close from earlier highs on remarks by a British Labour Member of Parliament urging an immediate devaluation to US $1.50. dealers said. Dealers said the market is nervous and noted
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    • Article
      Tokyo
      130 8 TOKYO, Wed. The US dollar for overnight delivery closed lower yesterday at 293.45 yen compared wtih 293.65 at the opening and 293.70 at Tuesday's close. Dealers said the US currency was initially well maintained as bank selling to square end-month positions was matched by demand ahead of an anticipated
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    • Article
      Hongkong
      37 8 HONGKONG banknotes quoted on Oct 27: US 4.79/4.81 UK 7.55/7.75 Burma 2.00/2.50 India 4.45/4.75 Indonesia 1.10/1.14 Japan 1.635/1.645 Korea 0.90/0 94 Philippines 0.58/0.61 Sinea pore 1 945/1 965 Malaysia 1.895/1.915 Brunei 1.89/1.91 Thailand 23.30/23.60 Taiwan 12.00/12.30
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    • Article
      Zurich
      46 8 ZURICH exchanges quoted on Oct 26: US 2.4405-4415 UK 3.9015-9055 Can 2 5185-5205 W'germ 101.18 27 Neth 96.10-22 France 48.79-84 Belg 6.59-'/i 60-% Denm 41.26 31 Norw 46.09-13 Swed 57.57-63 Italy 0.2817-2829 Austria 14.28 31 Port 7.77-79 Spain 3.58-58-S Arg 1.25 2.25 Japan 0.83-83- Vi
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    • Article
      Australia/NZ
      52 8 AUSTRALIA/NZ exchanges quoted on Oct 27: Australia: US dollar 1.2284/1.2234 Sterling 0.7783/0.7705 Ninety day air mail buying rates: Sterling 0.8165, US dollars 1.2563 Ninety day forward buying rates: Sterling 0 8055, US dollars 1.2171 New Zealand: Sterling 0.5986/0.5950 US dollar 0 9647/0.9547 Ninety day forward rate: Sterling: 0.6524. US
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    • Article
      Frankfurt
      32 8 FRANKFURT exchanges quoted on Oct 27: US 2.4055/70 2.4110/20) CAN 2.4770/80 UK 3.81/83 Neth 94.90/95.05 Switz 98.75/95 Italy 2.775/785 France 47.95/48.10 Norw 45.52/59 Belg Con 6.510/525 Belg Fin 6.425/435 Japan 0.8180/95
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    • Article
      Eurobond prices
      306 8 LONDON, Wed. Dollar bonds were steady in low volume, dealers said. In first time dealings, the Sanyo Electric 6-% per cent convertible issue due 1991 and priced at par was quoted around 96- Vt 98-'/j at the opening and held that level. Dealers said the Issue Is having
      306 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      161 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business limes BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Singapore Malaysia, Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei, Sarawak, Sabah Australasia/Pacific (excluding Hawaii) Africa,
      161 words
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  • TRANSPORT and COMUNICATION
    • Article
      Lock icon The loneliness of a space age airport...
      1044 9 CANADA'S MIRABEL AIRPORT HAS EVERYTHING THERE'S ONLY ONE THING WRONG WITH IT ITS A DISASTER... DAVID DODWELL REPORTS Financial Times THIS month saw the first anniversary of the opening of Mirabel, Canada's costly "airport of the future". But the Canadians are not clebratlng
      Financial Times  -  1,044 words
    • Article
      Lock icon Stormy weather for Britain's seamen
      1226 9  -  A British seamen's strike has been averted at a price and for a time. But it begins to look as if permanent peace depends increasingly on international agreement over pay and conditions for all seamen. By MICHAEL GREY Financial Times DESPITE comforting phrases like "we
      Financial Times  -  1,226 words
    • Article
      US Lines expands to Indonesia
      150 9 UNITED States Lines, Inc. has expanded its services to Indonesia from the middle of October. Agents for US Lines in Indonesia will also provide container feeder services between Jakarta and Singapore. Explaining the rationale for this new service, US Lines said that it recognises the
      150 words
    • Article
      Catamarca's maiden voyage to S'pore
      122 9 THE vessel m.v. "Catamarca II." on her maiden voyage, will arrive at Singapore this week. It marks the beginning of a series of newbuildings into the trade between Southeast Asia and the South American countries of Argentina. Brazil and Uruguay by the Empresa Lineas Maritimas
      122 words
    • Article
      LLOYD'S 'YES' FOR A GAS CARRIER
      109 9 LLYOD'S Register of Shipping has given the goahead. in concept, for a 128,000m3 natural gas carrier to be built. This was at the request of Tampimex Oil which, together with Dyckerhoff and Widman (Munich), was responsible for the design concept and development of the
      109 words
    • Article
      Lock icon Nissan's record profits
      138 9 Reuter TOKYO, Wed. Nissan Motor Company expects to report a record after-tax profit of about 40 billion yen for the first half year ended Sept 30 on sales totalling about 1,050 billion, a company spokesman said. These compare with after-tax profit of 19.42 billion yen and gross
      Reuter  -  138 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      511 9 ARRIVALS Service Local From Operator Number Time OA OA472 0035 8YD SIA SQ209 1010 HLP CPA CX710 1030 HLP OIA GA880 1030 HLP OIA OA0O8 1100 MES SIA SQ201 1200 HLP SIA SQ240 1205 MES OIA OA895 1235 AMS/FRA/FCO/ BOM/BKK THAI TG413 1250 BKK OIA OA982 1300
      511 words
    • Article, Illustration
      IN PORT
      324 9 expected arrival TODAY keppel WHARVES Barge Selco L 8 (1100) 2/3 Bendor&n (after Frotasantos (D/L) 35/36 King Moon (0600) 25 Rita Maersk (1600) 8/9 Shizouka Mara (JKEF) 47 Straat FIJI (3600 after Vega) (POBC P/O) 15/16 State of West Bengal (0600) 18 Sumber Tunas V (1200) (Req. Ramp)
      324 words
    • Article
      Lock icon Dassault offer
      73 9 Reuter PARIS, Wed. Millionaire Marcel Dassault would accept a state take-over of his aircraft firm and even continue as Its technical adviser if needed, he said In an open letter published during the weekend. Had the company been nationalised in 1973 he would have been spared the "present
      Reuter  -  73 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      48 9 JESTWARDHOI^^ 18 DAYS OF FUN AND EXCITEMENT INCLUDE Visits To: Tokyo, San Francisco, Las Vegas, Los Angeles, Hawaii&HongKong. FROM *****0/- (fully escorted) DEPARTURE DATES Now.ll, D»C.09.1976 TEL: HARPERS TRAVEL (S) PTE. LTD. *****00 Ext 173 OR MANSFIELD TRAVEL PTE LTD. ***** /***** a 1 FOR YOUR FRtt BROCHURES-
      48 words
    • Advertisement
      Page 9 Advertisements Column 2
      234 9 The great outdoors: we're out there all the time. Globe art studio Outdoor advertising has 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. novelties.
      234 words
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  • Article
    Lock icon Japan confident its current sluggish economy will pick up next year
    1172 10  -  By THOMAS MULLANEY NYT THIS city's splendid transit system is as efficient and crowded as ever. And the revered Mt. Fuji still excites the pride of the nation and the admiration of visitors us it presides majestically from its
    NYT  -  1,172 words
  • Article, Illustration
    Lock icon Wall Street and the presidential campaigns
    1057 10  -  By RON SNIDER NYT •WALL STREET discovered presidential elections in ~t896 when William Jennings Bryan became the Democratic nominee by promising to keep mankind from being crucified on a cross of gold. The major campaign issue, inflating the depressed money supply by the free
    NYT  -  1,057 words
  • Article
    Lock icon Where black rule need not mean trouble...
    986 10  -  By MICHAEL KAUFMAN NYT OVER cocktails in his lovely garden a middle-aged white lawyer was saying that the anguish and anxiety expressed by Rhodesian whites over the imminence of black government gave him a sense of deja vu. "We were all saying the
    NYT  -  986 words
  • Article
    Lock icon Troublesome experiment
    1283 10  -  THE FAILURE OF LARGE SCALE COMMERCIAL FARMING IN IRAN By ROBERT GRAHAM Financial Times ONE OF the less publicised, but more disturbing, trends in Iranian economy is the growing dependence upon agricultural Imports. Ten years ago Iran was a net exporter of agricultural products, vet within a comparatively
    Financial Times  -  1,283 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      495 10 THE DEBT m TRAP HOW TO SURVIVE THE SLUMP 'jvh* to t on<*w >«8 Business Managanent in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. This book is about the efforts of poor nations to gain
      495 words
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  • Article
    'NTT system should be the only one`
    340 11 THE National Trade Test system should ultimately take over as the single trade certification system for Singapore. This is the strong recommendation of participants to the Industrial Training Board's seminar which ended this week. The National Trade Test system, which presently is classified
    340 words
  • Article
    SOXAL TO GO PUBLIC AFTER 1977?
    224 11 SINGAPORE Air Oxygen Liquide Pte. Ltd. will seek to go public once it has finalised its accounts for the next financial year ending 1977. The time of the issue will give a two-year track record which is about sufficient time for the investing public
    224 words
  • Article
    Lock icon Threat to jobs at British yards
    147 11 Reuter LONDON, Wed British shipbuilders said today that low prices quoted by Japan threatened Jobs at their yards. The Shipbuilders and repairers National Association (SRNA) said it was closely involved in talks with Japanese and West European shipbuilders on "this very serious problem." Latest
    Reuter  -  147 words
  • Article
    Lock icon Accord on Saudi's Aramco takeover
    463 11 BUT BUSINESS WILL BE AS USUAL NYT WASHINGTON, Wed. The Saudi Arabian Government shortly will announce the negotiated takeover of the Arabian American Oil Co. (Aramco). the most important petroleum production company in the world. Both US and Saudi sources stress, though, that the agreement
    NYT  -  463 words
  • Article
    Lock icon Aussie election by end of next year?
    458 11 UPI CANBERRA, Wed Australia may face yet another general election. In December of 1972 the Australian Labour Party came to power. It won elections forced on them in 1974, and then lost elections late last year. But now their Federal secretary David Combe
    UPI  -  458 words
  • Article, Illustration
    Lock icon Special panel to probe cheat accusations against Dassault
    766 11 AP PARIS, Wed. A special Parliamentary Commission comes to life today with the job of investigating Marcel Dassault, the 84-year-old creator of the Mirage jet fighter and a pillar of the Gaullist establishment, who is accused of cheating the Government of US$3OO
    AP  -  766 words
  • Article
    Lock icon Oil firms' investments
    325 11 NYT WASHINGTON, Wed. Most of the nation's largest oil companies have Invested in alternate energy sources such as coal, uranium, geothermal and solar energy, according to a study done for the Library of Congress. The study was made public after Congress adjourned several weeks ago without considering
    NYT  -  325 words
  • Article
    Lock icon TEHRAN CANCELS $15 bil LNG SUPPLY PACT
    390 11 UPI TEHRAN, Wed. Iran has cancelled a US$6 billion (Ssls billion) partnership with an American and two Belgian companies to supply liquefied natural gas to the United States and Western Europe, a newspaper reported yesterday. The report in the English language edition of
    UPI  -  390 words
  • Article
    Lock icon Manila plan to ration petrol to car owners
    183 11 UPI MANILA, Wed The government plans to Impose petrol rationing on motor vehicle owners if the I Organisation of Oil Exporting Countries (Opec) announces new oil price increases, according to the Philippine National Oil Company (PNOC). PNOC chairman Geronimo Velasco made the
    UPI  -  183 words
  • Article
    Lock icon Three seek to join Opec
    367 11 Agencies VIENNA, Wed. Three small oil-producing states Trinidad and Tobago, the Congo and Syria are seeking to Join the Organisation of Petroleum Exporting Countries (OPEC), informed sources said today. Opec Ministers will consider their possible membership for the three when they meet in Doha in
    Agencies  -  367 words
  • Article
    Lock icon Soviets apply to join shipping bodies
    352 11 Reuter WASHINGTON, Wed. The Soviet Union has applied to Join two Western shipping conferences which set freight rates for the North Atlantic run, a spokesman for the US Federal Maritime Commission (FMC) said. The move appears to be In response to an offer by
    Reuter  -  352 words
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      751 11 APPOINTMENTS MARKETING MANAGER We are a world renowned Organisation specialising in the sales of Reprographic Equipment and are looking for a suitably qualified candidate to fill the abovementioned position. The successful candidate is expected to have a sound educational background, with a tertiary education, dynamic and experienced, with good personality
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      694 11 4 The Hong Kong Tourist Association requires a capable and experienced executive for the appointment of REPRESENTATIVE FOR SINGAPORE, MALAYSIA AND INDONESIA (Based in Singapore) Qualifications Candidates must have a strong marketing orientated background, preferably related to the travel industry, and possess the drive, initiative and enthusiasm required to further
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  • Article
    Euro-$ mart is slowing down: Report
    404 12 OROWTH of the Eurodollar market, which averaged 33 per cent since the mid-1960's has slackened In recent years. Chase Manhattan Bank attributes this slowing down in expulsion to three factors. They are: Shift In financing activity from Europe to the United States. Growth in
    404 words
  • Article
    Bank is closing 'unpaid-for' deposit boxes
    267 12 CHARTERED Bank Is currently carrying out its new policy of closing safe deposits boxes rented by customers who have not been paying their rent. And in closing such deposit boxes, Chartered Bank recently made a public announcement. In the list of the 466 customers
    267 words
  • Article
    Beechams team for AAMO games
    228 12 SINGAPORE will be represented by the Beechams team in the finals of the Asian Association of Management Organisations (AAMO) regional management games to be played this Saturday in Hongkong. Bee Champs, as the team is called, emerged champions out of 56 teams in the preliminary
    228 words
  • Article
    Lock icon Govt will be asked to boost trade
    169 12 Reuter TOKYO, Wed. Japan's Federation of Economic Organisations (Keldanren) and Federation of Economic Organisations in Western Japan (■ankeiren) will t probably ask the Japanese Government and the Bank of Japan to stimulate business with monetary and fiscal steps following a Joint meeting next
    Reuter  -  169 words
  • Article
    Lock icon LEE ARRIVES IN PERTH
    91 12 UPI PERTH, Wed. Singapore Prime Minister Lee Kuan Yew arrived today amid tight security precautions for a three-day visit to Western Australia. Mr. Lee Is on the last part of a 12-day official visit to Australia. About 45 demonstrators nine wearing hoods chanted slogans as the
    UPI  -  91 words
  • Article
    Course by NPB
    92 12 PROPER practice to achieve better usage of energy will be the-emohqpls of the 'Boiler an*TPurritee Operations and Instrumentation" course at NPB Town Training Centre, Hotel Royal-Ramada beginning Nov 15. The 30-hour course, conducted by the National Productivity Board will be useful for those preparing for various examinations
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  • Article
    Lock icon OAPEC: 78 mil barrels a day by 1990
    245 12 Router KUWAIT, Wed. The major oil-exporting countries will have to increase their output by 59 per cent to jMOt expected worid oil demand by 1999, the Organisation sf Arab Petroleum Exporting Countries (OAPEC) said. In a report published here en the development
    Router  -  245 words
  • Article
    Lock icon HEADWAY IN PETRONAS, SHELL TALKS
    177 12 Reuter KUALA LUMPUR, Wed. The Shell Oil Company has agreed in principle for the National Oil Company, Petronas, to acquire a controlling interest in its downstream activities in Malaysia, Petronas sources here said today. The sources said negotiations on details of the purchase of the
    Reuter  -  177 words
  • Article
    Lock icon Opec output is 51 pc of world's
    117 12 Reuter BAHRAIN, Wed. Organisation of Petroleum Exporting Countries (OPEC) member states increased oil output by 8.4 per cent in the first half of this year compared with the same 1975 period to 28.6 million barrels a day, the Middle East Economic Survey (MEEB)
    Reuter  -  117 words
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    Lock icon Electric company officials resign
    114 12 UPI TOKYO, Wed. The Tokyo Electric Power Company today announced resignations of three of its top officials, and the promotion of vice president Oaishl Hlralwa to president effective immediately. The company 1s a major purchaser of coal and oil from foreign nations for fuel for Its
    UPI  -  114 words
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    Lock icon Russia will outproduce US by 1980'
    715 12 UPI MOSCOW, Wed By 1900 the Soviet Union will be outproducing the United States bj nine per cent, the nation's planning chief told the Supreme Soviet (Parliament) today. Presenting an economic blue-print for the 1076-80 period and targets for 1977, Vice Premier Nikolai Balbakov,
    UPI  -  715 words
  • Article
    Lock icon Reduced pace in 1977: Simon
    391 12 Reuter NEW YORK, Wed. U8 Treasury Secretary William Simon said US 1977 growth will be "at a somewhat reduced pace" as a continued growth of six to seven per cent would overheat the economy and cause renewed Inflation followed by recession and even higher unemployment.
    Reuter  -  391 words
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    Lock icon 'spc US growth next year'
    234 12 Reuter ZURICH, Wed. Real US growth should accelerate to an average five per cent in 1977, while the inflation rate should average 5Vi to six per cent. Prudential Insurance Co of America chairman Mr. Donald MacNaughton said. He told a symposium organised by the Conference
    Reuter  -  234 words
  • Article
    Lock icon Another drop in industry output
    247 12 UPi TOKYO, Wed Industrial production in Japan declined for the second consecutlve month in September, giving further evidence of the slowdown of Japan's recovery from the recession, the Ministry of International Trade and Industry (MITI) announced today. Mitl Minister Toshlo Komoto disclosed at a news
    UPi  -  247 words
  • Article
    Lock icon Obstacle to China trade
    313 12 AP HONO KONO, Wed. An American advocate of US-. China trade said today the lack of formal diplomatic relations Is one of the major problems preventing a rapid expansion in this trade. dr. Christopher Phillips, president of the National Council on US-China trade, told an American
    AP  -  313 words
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    Lock icon Free fere for ministers
    92 12 Reuter KUALA LUMPUR, Wei The Malaysian Governto takTSStave shrsad. with offers sf free air tickets (because they eerid set afford the fare), to give them complete rest, Prime Minister Datnk Hussein Onn said hsce. MSsSSils ParHsm—t yesterday, said the workload sf ministers ted grown and dsulsrs
    Reuter  -  92 words
  • Article
    Lock icon Concorde losing money
    126 12 AP PARIS. Wed. Air France will lose 100 million to 170 million francs (SISO million to 85 million,) this year on operation of Its three supersonic Concorde airliners, the president of the company, Mr. Pierre Dlraudet, told a dinner audience last night. Mr. Dlraudet said the loss
    AP  -  126 words
  • Article
    Lock icon IMF deal is vital to revive the pound
    155 12 Reuter M. NEW YORK. Wed difflcait utkul NMMtary Pail, Morgan Guaraaty Tract ■ii The bank noted la its world financial markets publication that Chaaoollor of the Exchequer Deaia Healey anticipates obtainlag the roqaeotod U853.9 billioa (819.65 bOlioa) IMF credit without eahetaatial cfcaMW
    Reuter  -  155 words
  • Article
    Lock icon GRINDLAYS UPS RATE
    72 12 Reuter LONDON, Wed. Grindlay* Bank Mid it will raise bate rate to 14 per cent from 1314 per cent, effective tomorrow. This will bring the bank into line with the major clearing banks, among which Lloyds and National Westminster raise base rates to 14 per cent yesterday.
    Reuter  -  72 words
  • Article
    Lock icon Italy $ 1.44b in the red
    49 12 Italy 1.44b in the red Reuter ROME, Wed. Italy's-trade balance moved back Into the red In September with a provisional deficit of 530 billion lire (511.44 billion), the Bank of Italy announced. Italy's trade figures for July and August showed surpluses of 940.1 and 254.5 billion lire respectively. Reuter
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  • Article
    Lock icon What Bonn is likely to ask
    240 12 Reuter FRANKFURT, Wed Britain win have to accept certain demands from Germany, such as a firm pledge not to introduce Import controls, if it expects financial assistance, banking economists said. They said It cannot expect help from other countries with large reserves, such as
    Reuter  -  240 words
  • Article
    Lock icon TUC stand on cuts in public spending
    169 12 Reuter LONDON, Wed. Trades Union Congress (TUC) general secretary Len Murray said the TUC cannot support cuts in public expenditure if they merely mean that unemployment is increased or factories are left idle. He told a press conference after a two-hour meeting between
    Reuter  -  169 words
  • Article
    Lock icon Printers clash with police
    207 12 Reuter SYDNEY, Wed. Striking printers and production workers set fire to bundles of newspapers, flung tacks under delivery vans and clashed with police today in an attempt to stop distribution of the Sydney afternoon newspaper, the Sun. The violence broke out around the loading dock of
    Reuter  -  207 words
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      134 12 FiICOH om* 1 UA S?5 v; t n as a £5 flash < quick after sales service And that's a promise. At Wywy Private Limited, we are deadly serious about fulfilling our after sales obligations. Ricoh's reputation for trouble-free operation is now well known. However, if something should go wrong,
      134 words