The Business Times, 3 November 1976
1976-11-03
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The Business Times
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Title Section10 1976-11-03 1 BUSINESS TIMES M.C.(P) 1455/76 WEDNESDAY, NOVEMBER 3, 1976 50 CENTS10 words
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NEWS SUMMARY
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Article56 1976-11-03 1 AP JAKARTA, Tues. The five members of Asean have agreed to form an economic federation, Communications Minister Emil Salim said today. Mr. Salim, who headed Indonesia's delegation to the Asian economists meeting in the north Sumatra resort town of Perapat last week, said the federation is designed toAP - 56 words
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Article67 1976-11-03 1 Reuter MANILA, Tues. A wide area of the Philippines was put on storm alert today as a powerful typhoon was reported to be moving towards the country's palm-fringed Bicol region from the north-east. A weather bureau spokesman said the typhoon, packing winds of 185 km was located 950Reuter - 67 words
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Article76 1976-11-03 1 UPI BANGKOK, Tues. Vietnam today attended the opening of a week-long conference by the Economic and Social Commission for Asia and the Pacific (Escap) to review worldwide trade problems. Representatives from 24 countries are attending the meeting of Escap's committee on trade. This is Vietnam's firstUPI - 76 words
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Article59 1976-11-03 1 UPI ALGIERS, Tues. The armed forces of the landlocked African country of Burundi have seized power after overthrowing the regime of President Michel Micombero, the Algerian National News Agency reported. According to the agency, a military communique, published in the Burundi capital of Bujumbura, said the coup occurredUPI - 59 words
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Article69 1976-11-03 1 AP NEW DELHI, Tues. The Lower House of the Indian Parliament, with most opposition lawmakers boycotting, today passed a historic constitutional amendment giving Prime Minister Indira Gandhi's Government virtually unrestrained executive powers. With only four dissenting votes, the House gave exuberant, desk-pounding approval to the sweepingAP - 69 words
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Article63 1976-11-03 1 Reuter TOKYO, Tues. A seminar to promote Japanesee manufacturing investment in the United Kingdom will be held in Tokyo on Nov 8 and 9. Organised by the Japan Industrial Location Centre it is also being supported by the Federation of Economic Organisations (Keidanren), the Tokyo Chamber ofReuter - 63 words
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Article55 1976-11-03 1 KUALA LUMPUR, Tues. MAS is expected to start its rural air services to seven towns in Peninsular Malaysia in April next year. The towns are Pulau Tloman, Talping, Sitiawan, Segamat, Temerloh, Merslng and Dungun. A spokesman of the Department of Civil Aviation said MAS would be using55 words
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Chief Price Changes
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Article, Illustration177 1976-11-03 1 SHARES continued their steady climb at the Stock Exchange of Singapore yesterday. Haw Par went above its par of $1 to close at 51.02 for a gain of 3 1 a cents. Reflecting the better gains seen in the volatile issues, the Business Times index rose 4.68177 words
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Article109 1976-11-03 1 Rises Most active O.CBC. $8.35 $2 84 S2.ll .15 .11 .11 Haw Par 456.000 Simp Darhv 138.000 Gentings M Flour Central Sugars Inchcape 129.000 123.000 E.N.E. PMC. Slme Darby S. Dredge MBS. U O B. Duff Dev. C Sugars N.B.T. E. Asiatic Guinness^ Foil $2.80 S3 00109 words
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1202 1976-11-03 1 COLIN CHEE - SMALL FIRMS NOW GET A HAND By COLIN CHEE THE Economic Development Board and the Development Bank of Singapore yesterday jointly announced the launching of a new scheme to assist Singapore's small Industries. The Small Industries Finance Scheme (SIFS) as it is called, comes about1,202 words
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Article105 1976-11-03 1 ADELAIDE, Tues Poseidon said two whollyowned subsidiaries, Samin and Poseidon Investments, were placed in receivership on Oct 29. It said the receiver/manager is Mr Noel Buckley, the receiver/manager appointed to the entire group by the Australian Industry Development Corp on Oct 19. Poseidon said Mr Buckley informed105 words
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694 1976-11-03 1 THE independent investigation ordered by the Stock Exchange of Singapore into the affairs of Far Eastern Hotels Development has run into its second major snag even before it has got off the ground. Last month, a dispute rose between the company and694 words
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165 1976-11-03 1 LONDON. Tues. Britain's monetary reserves fell US$455 million (SSI. 114.7 million) during October to $4,703 million, the lowest level since July 1971, the Treasury said today. In September, boosted by foreign borrowing, the reserves had risen by $129 million. But In October, despite165 words
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305 1976-11-03 1 FISCAL 1976 saw the return of the Economic Development Board into the field of equity participation and industrial lending after a long lapse since the late sixties reflecting a significant shift in government investment incentive policy. The EDB annual report for the305 words
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Article33 1976-11-03 1 THE government-owned Keppel Shipyard took out a suit in the High Court yesterday againat the Moscow Narodny Bank for $35,038.88 which it claims is due from a breach of contract.33 words
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145 1976-11-03 1 Reuter HONGKONG, Tues. Commissioner for Securities James Selwyn said Wheelock Marden shares could be requoted before details of potential bids for the company from Hongkong Land and Hutchison International are announced. He told Reuters the question of the Wheelock suspension is under continual review andReuter - 145 words
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Article85 1976-11-03 1 BRUSSELS, Tues. Sterling advanced in quiet trading at the opening of the European money markets today. On light commercial demand at the outset, the pound opened higher in London at U551.5935 against U551.5870 last night. In Zurich, sterling was up from 3.8673 to 3.8973 Swiss85 words
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Article721 1976-11-03 1 RIGHT on the heels of United Overseas Bank's massive rights issue of $108 million, the company has come back for more this time through a floating .te note Singapore's first. Last night, merchant bankers Morgan Guaranty and Partners announced that it was managing the721 words
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Page 1 Advertisements
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Advertisement65 1976-11-03 1 With a Reputation for Unrivalled Security and Fair Dealing over 131 years, Our Clients can be Assured... Royal Insurance I Hitottomw m Inland looks after you. Fast 18th Fir., Ocean Building, Collyer Quay, Singapore 1. Tel: ***** *****1. Overseas News/ TV Radio Overseas News/ Foreign Features Local Co News Foreign65 words
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Advertisement56 1976-11-03 1 Meet Sony U-Matic Color Videocassette Recorder/Flayer IS" 888 VO-1810 "ITS A SONY" 'Dual system: Displays both PAL and modified NTSC colour recording when combined with both CVM-181OE VO-1810. •Receives and records TV programmes off the air. •Fully Automatic, solid state circuitry. For further information please contact: Setran Electronics Pte Ltd56 words
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Advertisement164 1976-11-03 1 I Gas has got a flame o ew TAMA Olivetti gives you Singapore's best value in Printing Calculators Underwood 481 A compact versatile calculator with a welldesigned keyboard for fast, easy operation. Plus features include: easy-to-read 12-digit print accumulating and nonaccumulating add and subtract memory add and subtract buffered keyboard164 words
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OVERSEAS
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201 1976-11-03 2 Reuter LONDON, Tues. More than 100 MP's from Britain's ruling Labour Party today urged the government to examine ways to share sterling's role as a reserve currency with other countries. A House of Commons motion signed by MP's from both left and rightReuter - 201 words
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Article57 1976-11-03 2 UPI LJUBLJANA (Yugoslavia). Tues. Yugoslavia gave due recognition to its industrial progress yesterday with the adoption of its first law prohibiting excessive noise. The law so far has been adopted only by Slovenia, the most industrially advanced of the nation's six constituent republics, but the otherUPI - 57 words
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Article, Illustration669 1976-11-03 2 Reuter WASHINGTON. Tues. A mission from the International Monetary Fund (IMF), is due to arrive in London this week to begin consultations for a loan to Britain of US$3.9 billion 559.5 billion) amid speculation that major industrial countries are discussing a massiveReuter - 669 words
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Article77 1976-11-03 2 Reuter TOKYO, Tues. Prime Minister Takeo Miki today virtually confirmed speculations that a general election would be held on Dec 5. Mr. Miki, in a meeting with Home Minister Kimiyoshi Amano, approved the Home Ministry's plan to make preparations for the election on the premise that votingReuter - 77 words
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166 1976-11-03 2 AP SEOUL, Tues. South Korea's commodity exports in the first 10 months of this year totalled U556,557 billion (5515.9 billion), surpassing the original yearend goal of $6.5 billion the Commerce and Industry Ministry announced today. The January-October figure also showed an increase of 55AP - 166 words
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Article40 1976-11-03 2 Reuter MELBOURNE, Tues A team of Broken Hill Proprietary (BHP) executives left Australia at the end of October for further discussions in Saudi Arabia on a joint BHP/Saudi steel rolling mill. BHP said in its monthly news review.Reuter - 40 words
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325 1976-11-03 2 UPI HONGKONG, Tues. Despite the political turmoil in China, chemical production in various Peking factories for October have been overfulfilled, the New China News Agency (NCNA) reported today. NCN A. quoting an article from the Chinese Communist Party newspaper, the People's Daily, said the PekingUPI - 325 words
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Article351 1976-11-03 2 Reuter GENEVA, Tues. Britain today makes a determined effort to break deadlock In the conference on Rhodesia's future by getting black and white delegates to discuss a date for legal Independence of the breakaway British colony. V Mr Ivor Richard, British chairman of the conference,Reuter - 351 words
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Article132 1976-11-03 2 AP TAIPEH, Tues. The Nationalist Chinese Petroleum Corp. inaugurated Taiwan's second oil refinery today in Taoyuan, North Taiwan. The U*****.4 million (*****.3 million) refinery will process 100,000 barrels of crude oil daily, turning out aviation fuel, gasoline, diesel oil. heating fuel and liquid propane gas.AP - 132 words
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Article70 1976-11-03 2 AP KUWAIT, Tues. The Government announced yesterday that foreign banks in which Kuwaiti commercial banks and financial institutions have equity shares will be permitted to open branches here. This procedure, officials said, will effect the Parisbased French Arab Bank, and the Arab International Bank, among others.AP - 70 words
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200 1976-11-03 2 AP WASHINGTON, Tues. The US Government said today that the number of American* receiving public assistance dipped last June to the lowest level in 18 months, due in part to the shrinking size of the American family. The announcement by the Department of Health.AP - 200 words
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Article31 1976-11-03 2 UPI DACCA. Tues. West Germany will supply Bangladesh with US$6l.3 million (Sl5O million) in aid for agricultural and other development, the leader of a visiting economic delegation said yesterday.UPI - 31 words
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768 1976-11-03 2 JOHN GRAHAM - By JOHN GRAHAM AMERICA'S voters went to the polls last night to decide one of the closest and least predictable presidential races for many years, with politicians and pollsters alike believing the contest was too close to call. The results will be known768 words
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Article236 1976-11-03 2 BEIRUT, Tues. Lebanon's warring sides clashed early today in some of the heaviest overnight fighting in the capital since the latest ceasefire took effect on Oct 21. Residents on both sides of the confrontation line dividing Beirut reported that dozens of mortar bombs crashed into236 words
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Article160 1976-11-03 2 AP MANILA, Tues. SecretaryJose Rono of the department of local governments and community development says the Philippines will ban copra exports next year, the official Philippine News Agency said in published reports yesterday. "in the present set-up," the report quoted Mr Rono as tellingAP - 160 words
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177 1976-11-03 2 AP KUWAIT. Tues. Natural gas liquid has emerged as a competitor to Kuwait's heavy crude oil derivatives in world markets, Kuwait Oil Minister Mr. Abdul Muttaleb Kazemi said yesterday. Addressing a seminar here on petroleum gas liquid. Mr. Kazemi urged member countries of theAP - 177 words
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Article62 1976-11-03 2 UPI RANGOON. Tues. World Bank President Robert McNamara arrived in Rangoon yesterday for a three day study tour of Burma. His programme includes an aerial survey of Lower Burma rice paddy development project area* in Irrawaddy Delta, meetings with Burmese farmers and talks with Burmese Deputy PrimeUPI - 62 words
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241 1976-11-03 3 JOHANNESBURG, Tues. Reuter KRUGERRAND sales increased sharply in October to 224.060 coins from 135,925 in September but compare with 496.500 in October last year. International Gold Corp manager Don MckayCoghill said. Mr Mckay-Coghill told Reuters he expects November sales to be higher thanReuter - 241 words
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249 1976-11-03 3 Reuter ABl DHABI. Tues. The Arab Boycott of Israel Bureau here is asking the United Arab Emirates to ban dealings with Britain's Barclays Bank group, the deputy director of the Boycott's ITAEl T AE Bureau said here. The bank's only ArabReuter - 249 words
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Article77 1976-11-03 3 Reuter TOKYO. Tues. Japan's M-l money supply rose a seasonally-adjusted 0.1 per cent in September from August when it rose 1.8 per cent from July, giving a y ear-on year rise in September of 13.5 per cent (13.3). the Bank of Japan said. The M-2 aggregate grewReuter - 77 words
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Article49 1976-11-03 3 AP WINNIPEG. Tues. The Japanese Government Food Agency has agreed to purchase 1.4 million metric tonnes of wheat and 900.000 tonnes of barley from Canada during 1977. The agreement, announced yesterday by the Canadian Wheat Board, follows discussions in Tokyo between senior wheat board and Japanese officials.AP - 49 words
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203 1976-11-03 3 Reuter OTELFINGEN, (Switzerland), Tues. Schweizerischer Bankverein said the prospect of further Soviet gold sales befoie the end of the year cannot be excluded. The bank said it estimates Soviet sales in the first half of this year totalled 120 tonnes. The SovietsReuter - 203 words
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243 1976-11-03 3 Reuter TOKYO. Tues. Japan's letter of credit exports in October rose nine per cent compared with September to US$4.O6 billion and were 12.8 per cent higher than in October 1975. the Finance Ministry said. The increase was the eleventh consecutive monthly rise. After seasonalReuter - 243 words
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152 1976-11-03 3 Reuter ZURICH, Tues. Switzerland's convertible currency reserves rose 180 million francs to 13.2 billion in the last week of October, the National Bank said. The increase stems from foreign exchange market intervention which was only partly offset by dollar sales in connection with theReuter - 152 words
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Article61 1976-11-03 3 Reuter PRETORIA, Tues. The South African wholesale price index rose 1.3 per cent in September to 214.2, base April 1970. after a two Der cent rise in August to 211.4. Department of Statistics figures show. This makes a rise of 16.2 per cent over September 1975 comparedReuter - 61 words
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Article88 1976-11-03 3 Reuter WASHINGTON. Tues. United States construction spending rose one per cent to a seasonally adjusted annual rate of U*****.4 billion in September from an upward revised US$l4B.l billion in August, the Commerce Department said. The department originally reported construction spending at U*****.4 billion in August.Reuter - 88 words
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Article, Illustration972 1976-11-03 3 ROBERT SEMPIE Jr - By ROBERT SEMPIE Jr NYT IN HIS efforts to mend Britain's economic and political wounds. Prime Minister James Callaghan did not invoke the civil servants favourite poultice. North Sea Oil. Perhaps the range and magnitude of his difficulties poor balance of payments, renewed inflation.NYT - 972 words
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902 1976-11-03 3 H.J. MAFDENBERG IN NEW YORK NYT THE Federal Commodity Futures Trading Commission Is about to Improve the odds (or speculators in commodity futures options by promulgating three radical regulations. One will require that sellers of these options fully disclose their markups and otherNYT - 902 words
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Page 2 Advertisements
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Advertisement163 1976-11-03 2 OFFICE FURNmjRE SYSTEMS AND FURNISHINGS FOR A BETTER WORKING ENVIRONMENT .danflex fr\ OFFICE FURNITURE PROGRAMME see the complete range Bt our new show-room pp Sooth East Psian Furniture Chain Pt« lid —fl B7 Lowe' Ground Floor. UIC Building. 5 Sh t *n?on jy Singapore 1 Tel ??14 139 Cable Furncfiam163 words
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Page 2 Miscellaneous
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Miscellaneous31 1976-11-03 2 BliStcW :f^Dtu*EDsJ the. SIM U*S GOT" H\S Hp;ro(<.... y iiySn r 1"..V "^iW [■SIAl jj r ees m-y uwcly PpRDON PTC. aov IS THPiT TMe CH£3"<££ Ffej?RV CHOO CMOO s# i31 words
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Miscellaneous244 1976-11-03 2 SINGAPORE 5 3.00 p.m. Opening Announcements followed by Serbanika (Malay) (r). 3.30 Diary of Events (Malay) 335 General Hospital 4.15 Fokas (Malay) (r) 4.30 Intermission 5.55 Opening Announcements followed by Secret of ISIS Rockhound's Roost 6.20 Consumer's Guide (English/Malay) 6.30 News in Brief 635 Wildlife in Crisis Survival of the244 words
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Page 3 Advertisements
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Advertisement10 1976-11-03 3 itii it i "H*-- 4 E W^TBElf?* ?A C. <£ f*10 words
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Advertisement234 1976-11-03 3 Ms Personal Secretary how to become more efficient—with less effort The picture shows our beautiful Facit 1820 electric typewriter. It may look like other typewriters, but it isn't. It has a twin tabulator system which includes a programmable memory that remembers your standard typing layouts. It works like this when234 words
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COMPANY NEWS
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347 1976-11-03 4 DESPITE a sales upturn, Unlllte Electrical Industries has Incurred another loss In the first six months ended June 30, 1976. The group sustained a pre-tax loss of M 5763,741 compared with a loss of 1940,163 previously though turnover increased to $3.81 million from $3.38347 words
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Article254 1976-11-03 4 GOLDEN Hope Plantations which is merging with two other plantation companies, has suffered a 10 per cent fall in pre-tax profit to £6.79 million for the year ended May 31, 1976. However, the results indicate a considerable improvement in the second half following the 24.4 per254 words
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Article99 1976-11-03 4 HONGKONG Land deputy general manager Mr. Trevor Bedford, yesterday said there was "no truth whatsoever" in a UK newspaper report that the company might have bought around 10 per cent of the issued capital of British Land. He told Reuters in Hongkong that HK Land had no stake99 words
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Article166 1976-11-03 4 THE following company meetings are due: Rothmans of Pall Mall (Malaysia) Bhd.: Nov. 4, 1 a.m.. Virginia Park, Jalan University, Petaling Jaya. Malayan Breweries Ltd.: Nov. 5, 12 noon, Rgency Room, Raffles Hotel, Singapore. Pacific Development Credit Bhd.: Nov. 9, 10 a.m., Registered Office, Penthouse, 10th Floor, Wisma166 words
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764 1976-11-03 4 THE belated 1975 report and accounts from trouble struck Federal Cables, Wires and Metal Manufacturing naturally tells the tale of the well known woes which beset the company during 1975 resulting in the already reported loss of M 53.2 million. However, the balance764 words
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Article, Illustration182 1976-11-03 4 TENGKU Noone Aziz bin Tengku Mahamood was elected chairman of the Kuala Lumpur Stock Exchange for 1976/77 at Its third annual meeting on Saturday. He replaces Enclk Othman bin Ahmad who remains on the board. Mr Tan Kay Thlam was elected deputy chairman, replacing182 words
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Article315 1976-11-03 4 Currant Ex Date Total for Total for payment Date payable the year previous year Ontinf 5HTE Oct. 12 Nov. 5 5*TE+ 12.5*TE Malayan Flour 10*TE+ Oct 5 Nov. 5 10*TE+ Nil M. Breweries 20% Oct. 20 Nov. 6 30* 30* Batu l.i»UM 5* Oct. 20 Nov 8 7.5*315 words
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LATEST RESULTS
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Article42 1976-11-03 4 ISLAND AND PENINSULAR DEVELOPMENT Group pre-tax profit of M 55.44 million ($3.65 million) on revenue $14.14 million ($15.97 million) for the first half-year ended Sept 30, 1976. Parent pre-tax profit was $892,070 ($465,082) on revenue $3.69 million ($3.37 million).42 words
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Article106 1976-11-03 4 THANKS to a strong first half-year, Toshiba (Malaysia) has raised consolidated net profits by 98 per cent to M 5703,965 for the year ended June 30, 1976. Group profits are after provisions for depreciation of $305,880 ($206,691) and taxation of $575,500 ($450,375). At mid-year, group pretax profits had106 words
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Article32 1976-11-03 4 SINGAPORE Finance has announced that as at Oct 30. 1976, 19.8 per cent of its issued capital of 12 million $1 shares is beneficially owned or controlled by foreign persons.32 words
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1141 1976-11-03 4 HENRY SCOTT - By HENRY SCOTT Financial Times FOR many years French retailing was dominated by a myriad of small shops and the odd department store. Since the (ate 1960s and the flourishing of the super marches, only an occasional newcomer has broken through from theFinancial Times - 1,141 words
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Article1215 1976-11-03 4 On November 1 PRICES on the Chicago Board Options Exchange on Monday edged higher, with gainers topping losers, 271 to 169. Turnover approximated 76,379 contracts, up from 68,267 contracts last Friday. OPTION JAN APL JLY STOCK Alcoa 45 10 1/4 NOL NOL 55 Alcoa 50 6 1/81,215 words
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Page 4 Advertisements
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Advertisement364 1976-11-03 4 The first new idea in encyclopaedias in over 200years-Britannka 3 Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. (see be low) That's what makes it the most useable reference work ever developed. That's why Britannica364 words
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INTERNATIONAL COMPANY NEWS
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Article199 1976-11-03 5 Reuter ARNHEM, Tues. Akzo unit, Enka Glanzstoff, must increase the share of industrial yarns and nonfibre products as a percentage of sales, managing board member. Mr. D. Sorgdrager, told the Central Works Council. Management atuui» recent months have confirmed that these two sectors, accounting for 55Reuter - 199 words
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Article45 1976-11-03 5 HONGKONG. Tues. Consolidated net profit at Wah Kwong Properties increased from HK$lO.l7 million to $11.66 million for the year ended June 30, 1976. The dividend is maintained at four cents with a final payout of two cents which is payable on Dec 28.45 words
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Article304 1976-11-03 5 Reuter NEW YORK, Tues. Reporting a buoyant third quarter. Boeing has declared a special dividend of 25 US cents in addition to its regular 25 cents quarterly payout. Both diyidends are payable on Dec 10 to shareholders on record on Nov 12. After seeing a riseReuter - 304 words
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Article88 1976-11-03 5 Reuter CHARLESTON. W. VA., Tues. Carbon Industries Inc said directors authorised the company to enter into a formal plan and agreement of merger with International Telephone and Telegraph Corp. Last month, the company disclosed its intention to merge with ITT, under terms of the agreement, each CarbonReuter - 88 words
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Article194 1976-11-03 5 Reuter TOKYO, Tues. Hefty foreign exchange gains lifted interim after-tax profit of Nippon Oil from 885 million yen to a record 5.04 billion yen for the six months ended Sept 30, 1976. The exchange gains resulted from the rise in the yen against theReuter - 194 words
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Article85 1976-11-03 5 NEW YORK, Tues. P.T. International Nickel Indonesia, a subsidiary of Inco, said in a statement released here it completed a US$l4O million Eurocurrency loan with an international consortium led by Citicorp International Bank. It said proceeds will assist it in financing capital re- quirements of the85 words
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655 1976-11-03 5 RICHARD PHALON - By RICHARD PHALON NYT THANKS mainly to buyer resistance, some of the nations' biggest mutual fund managers are backing away from the sales charges they have been levying on investors for years. Surprisingly, the fund managers seem as pleased with the results as the investorsNYT - 655 words
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Article264 1976-11-03 5 Reuter TOKYO. Tues. On a sales increase of 21.3 per cent to 1,002 billion yen (826 billion yen), after-tax profit at Nissan Motor took a big Jump of 116 per cent to 41.97 billion yen (19.42 billion yen) in the first half-year ended Sept 30. 1976.Reuter - 264 words
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Article87 1976-11-03 5 Reuter LONDON. Tues Imperial Chemical Industries has raised the prices of its nylon and terylene fibres across-the-board bv an average seven to 12 per cent. An ICI spokesman told Reuters the group is sti'l reporting losses on its fibres activities and the growth in sales volumeReuter - 87 words
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Article204 1976-11-03 5 Reuter NEW YORK. Tues. Anaconda said its shareholders, at a special meeting yesterday, approved the merger of Anaconda into a whollyowned subsidiary of Atlantic Richfield Co. (ARCO). Anaconda said today the U.S. district court for the eastern district of Virginia will hear a motion for aReuter - 204 words
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Article92 1976-11-03 5 UPI SEOUL. Tues. South Korea's Hwashin Industrial has won a US$4O million contract to construct a zinc refinery in Thailand on a deferred payment basis. Hwashin officials said today. The refinery, with an annual production capacity of 60,000 tonnes, will be built at Tak. Thailand, by 1978. TheyUPI - 92 words
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Article97 1976-11-03 5 Reuter HONGKONG, Tues. Cross Harbour Tunnel has raised the interim dividend from 15 HK cents to 20 cents, payable on Dec 13, for the year ending March 31, 1977. The company said it anticipates the final dividend will not be less than 25 cents (30 cents). TheReuter - 97 words
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1109 1976-11-03 5 Wayne King - By Wayne King NYT EACH week-day morning, before he begins his Job in the flavour application section of R.J. Reynolds Tobacco, 41-year-old John Shore puts in a stint as a member of the company's expert smokers panel. He usually compares from two toNYT - 1,109 words
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Briefly
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Article90 1976-11-03 5 TOKYO. Tues. On gross sales up from 72.03 billion yen to 79.12 billion yen. Kao Soap has reported after-tax profit up from 938 million yen to 1.32 billion yen for the first half-year ended Sept 30. 1976 The company has maintained the interim dividend at 3.75 yen.90 words
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Article57 1976-11-03 5 NEW YORK. Tues. Eastern Airlines expects 1976 per share earnings of better than US$2 a share, with 1976 being the best year in the company's history, president. Mr. Frank Borman. told analysts. For the first nine months of 1976. Eastern earned $2.51 a share compared with a loss of57 words
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Article26 1976-11-03 5 AMSTERDAM. Tues. Algemene Bank Nederland said its 100 million guilder nine per cent 10-year debenture loan was priced at par. Subscriptions open on Nov 3.26 words
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Article75 1976-11-03 5 LONDON. Tues. Banco Popular Espanol plans to issue US$25 million of floating rate notes due 1981 through a wholly-owned Dutch subsidiary. Bankers Trust International said as lead manager. The notes will be guaranteed by Banco Popular Espanol and will bear inte- rest at point above the six-month London75 words
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Article42 1976-11-03 5 LONDON. Tues. The coupon on the Canadian National Railways US$B5 million Eurobond issue, due 1986. was cut to 8 3 per cent from 8' 2 per cent. Salomon Brothers said as issue lead manager. Final terms are expected on Nov 3.42 words
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Article90 1976-11-03 5 TORONTO.Tues. The turnover at MacMillan Bloedel in the current year has continued into the third auarter with net profit of Cs3 3 million compared with a loss of $32.7 million previously. Revenue rose form $265 million to $379.2 million. This raised net profit for the nine months to90 words
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Article45 1976-11-03 5 TOKYO. Tues. For the first hall-year ended Sept 30. 1976. Fujitsu has reported practically unchanged after-tax profit at 3.23 billion yen (3.20 billion yen) on gross sales up from 141.6 billion yen to 156.4 billion yen. The interim dividend is maintained at 3.00 ven.45 words
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Article24 1976-11-03 5 HONGKONG. Tues. Cosmopolitan Properties and Securities has declared an unchanged interim dividend of eight HK cents for the year ending March 31. 1977.24 words
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Article76 1976-11-03 5 LONDON. Tues United Technologies Corp. the USbased high technology manufacturer, is being listed on the stock exchanges of London. Frankfurt and Zurich, the chairman and president. Mr. Harry J.Gray, said at a press conference here. The group expects to participate in the European business community as a result of76 words
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Article43 1976-11-03 5 LONDON. Tues. The forthcoming US$l5 million convertible Eurobond on behalf of Ricoh is for 15 years and has an indicated coupon of 6'« per cent. Nomura Securities said. Final terms for the issue, optionally redeemable after 1980. are expected about Nov 9.43 words
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Article57 1976-11-03 5 LONDON. Tues. The amount of the Pan Canadian Petroleum debenture issue was raised to Cs3s million from $25 million and the issue priced at 100' z. lead manager. Orion Bank, said. The coupon was fixed at 9'» per cent and the issue will mature in 1983. The managers57 words
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Article80 1976-11-03 5 DETROIT. Tues General Motors has declared a yearend dividend of US$3 a share on the common stock, payable on Dec 10 to shareholders on record on Nov 10. The company said this declaration brings to $5.55 a share the amount of dividends paid in 1976, exceeding the80 words
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Article50 1976-11-03 5 TOKYO. Tues. After-tax profit at Hitachi Shipbuilding and Engineering rose from 1 84 billion yen to 2.33 billion yen on gross sales up from 142.48 billion yen to 155.55 billion yen for the first half-year ended Sept 30. 1976 It is paying an unchanged interim dividend of 2.50 yen.50 words
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Article64 1976-11-03 5 SAN FRANCISCO. Tues. Bank America Corp has declared a quarterly dividend of 20 US cents a share, payable on Nov 30. to shareholders on record on Nov 12. The dividend is adjusted for a two-for-one stock split declared in June. In the prior quarter. Bank America paid 40 cents64 words
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Article73 1976-11-03 5 WASHINGTON. Tues Honda Motor filed an offering with the securities and Exchange Commission for 2.3 million depositary shares at up to US$23 50 per share. The company said each depositary share would represent 10 shares of common stock. Proceeds from the sale will be invested by the company primarily73 words
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679 1976-11-03 5 LEONARD SLOASE - By LEONARD SLOASE NYT ON her first day as a broker on the floor of the New York Stock Exchange last Thursday thereby becoming the first women member in the history of the big board to spend all of her working time thereNYT - 679 words
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Advertisement105 1976-11-03 5 FOR SALE USED GENERATING SETS ENGLISH ELECTRIC MODEL 12CSV 1000 KW, 6600 VOLTS, 3 PHASE, 50 CYCLES, 750 RPM, COMPLETE WITH SWITCH PANEL, THREE UNITS AVAILABLE FOR FURTHER DETAILS WRITE TO: CHUAN HUAT ENGINEERING (PTE.) LTD. 23, TYRWHITT ROAD, SINGAPORE 8 Would Your Company Like to Have an Office In105 words
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Advertisement189 1976-11-03 5 rti MONTHLY ECONOMIC REPORTS With monthly politicol supplement for UP-TO-DATE HANDY REFERENCE ASIA RESEARCH BULLETIN This unique publication offers businessmen each 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. The Bulletin is189 words
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Article1927 1976-11-03 6 SECTION ONE INDUSTRIALS 1*7« Hi«k Lf» r—pa>y Last Me +«r» Or'* Div c'rr Gr'i y'ld P/E Vel ('•00) Day High Low 250 200 100 237 1M 402 204 248 460 137 170 172 60 185 66 254 149 172 394 39 Aetna Alcom Allied Choc Bata Ben1,927 words
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Article1396 1976-11-03 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 1000 units unless otherwise specified All Time Settlement Contracts are Suoted after the word "Sett." 1( Boards1,396 words
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Article165 1976-11-03 6 SINGAPORE UNIT TRUST (Manager's price* for Nov. 3) INCOME BOND UNIT (Current prices) The Commerce The Saving Fund S pore Prog. Fund S_pore Security Fund S pore Invest Fund 1.71 1.(1 0 98 1.03 0 82 0.87 128 1.35 1 04 1.10 INCOME BOND 1 07 1.13 MARA165 words
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Article417 1976-11-03 6 S'pore Govt 5 1/2% Taxable Loan No 2 With A I 1975/lit Dec 1977 (1.000.000) (101.68B 101 78S) S'pore Govt 5 1/2% Taxable Loan No I With A I 1976 15th Apr 1978 (1.000.000) (101 63B 101.72S) S'pore Govt 6 3/4% Taxable Loan No I With417 words
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Article1182 1976-11-03 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 A. Tim (0 498) A|m*m*t* (1.928). A. Ch*« (0 678 01,182 words
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Advertisement118 1976-11-03 6 TQRGOOB START mm witt mm miimoHS HONK SIMMS DIVISION WOLSEY HALL COURSES Professional Examination Courses Institute of Administrative Management Institute of Bankers Inst, of Chartered Secretaries and Administrators Institute of Statisticians London Chamber of Commerce and Industry Business studies courses Economics Commerce Administrative Practice Secretarial Company Secretarial Practice General Principles118 words
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Article465 1976-11-03 7 MARGINAL gains continued to be recorded in •elective trading at the Stock Exchange of Singapore yesterday. Trading volume was generally low. The main impetus was a combination of speculative buying and short-covering during the grace period of one week allowed to sellers who committed themselves a465 words
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Article584 1976-11-03 7 MODERATE followthrough support on the Kuala Lumpur Stock Exchange saw prices closing on a slightly firmer bias yesterday. The market, continuing Monday's steady climb, moved ahead at the opening bell. Buying sentiment was fairly well sustained throughout the day. Conditions were also more active than584 words
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Article78 1976-11-03 7 MALAYSIAN' Mosaics, which recently reported buoyant interim results, is expected to register a big improvement In the current year ending Dec 31, 1976. Reporting pre-tax profit of M 5214,000 ($96,000) for the half-year, directors had said that in the light of present conditions "they expect the level of78 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article976 1976-11-03 7 NEW YORK. Stoclu moved slightly higher as many traders appeared to put off making fresh Investment decisions ahead of the U.S. presidential election today. Both candidates have scheduled last minute television appearances tonight in an effort to capture additional votes that could spell the difference between victory and976 words
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Article292 1976-11-03 7 AMSTERDAM: The market closed slightly firmer In dull conditions due to the closure of many European bourses on Monday. Also many operators reluctant to trade ahead of the outcome of the US presidential election, dealers said. Banks, most Insurances and transports declined against the slightly firmer trend. State loans292 words
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Article369 1976-11-03 7 JOHANNESBURG: Gold shares were lower in afternoon trading, following the lower gold price, dealers said. Financial minings remanicu quietly steady. Elsewhere, De Been gained five cents to 315. Coppers were easier In Isolated business, and platinums also fell. Other minerals eased. Industrials were very quiet. Leading stocks ranged from369 words
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Article241 1976-11-03 7 FRANKFURT: Shares generally gained between one and two marlu on Monday In quiet trading on light speculative buying and In the absence of renewed foreign selling, market sources said. Stores however, lost ground. Public loans continued to meet good demand and prices were mostly 0.50 marks higher with the241 words
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Article306 1976-11-03 7 J: Banks, mines and mai. .cturers closed markedly higher on Monday as all Indices recorded gains In very light trading on the Toronto Stock Exchange. Alcan added 3/4 to 25 on news that the firm had received a mediator's report In Its Quebec strikes. Dupont Canada dropped 1/2 to306 words
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Article280 1976-11-03 7 ZURICH: The market closed narrowly mixed and quiet on Monday, but small advances predominated, deriving support from strong pre-weekend Wall Street performance dealers said. While leading banks and Insurances ruled steady, BallyBearer rose strongly in financial due to speculative buying and covering. Small advances featured In Industrials, except for280 words
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Article12 1976-11-03 7 BRUSSELS: The market was closed on Monday for All Saints Day.12 words
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Article412 1976-11-03 7 SYDNEY: The market on Tuesday closed higher led by a recovery In uraniums, but trading slowed towards the close as the Melbourne Cup horserace was run. The Sydney All-Ordlnarles Index closed 1.12 points higher at 436 75. Peko-Wallsend rose five to 3.90. and Ez Industrie* five to 3.15, but412 words
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Article419 1976-11-03 7 HONGKONG: The market closed higher, but below the day's highest levels, In quiet trading amid general lack of Interest on Tuesday as operators awaited the outcome of the US Presidential election, dealers said. The Hang Seng index closed at 392.74 up 3.01 points. Prices opened firm following Friday's gains419 words
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Article84 1976-11-03 7 NOV 02 Bahts Asia Fibre 11SS -1 Bangkok Bank 233 -2 Bangkok Invest 142 •1 Bangkok-Metro-polltan Bank Bata 329S unch Berll Jucker 155S Charoong Thai Wire 143 Dumex Dusit Thanl Faber Merlin First Trust Indo-Thal 180S unch J And J Ho 141 ♦2 Jalaprathan Cement 72S 1 Karnasuta 3184 words
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Article138 1976-11-03 7 MANILA: The market rose further In active trading on Tues- day with Interest in oil Issues spilling over Into minings, dealers said. The commercial and industrial average finished 0.38 point down to close at-73.14. NOV Peso* Acoje Mining 014 -0.0006 Atlas Con A 30 25 1 25 Atlas Con138 words
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Article477 1976-11-03 7 TOKYO: The market closed lower In limited trading on Tuesday as Investors awaited the result of the U.S. presidential election, dealers said. The Dow Jones Average fell 26.50 to 4,619.04 with volume of 180 million shares. The Tokyo S.E. Index closed at 349.46 down 1.79. Foods, paper-pulps, chemicals housing477 words
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Article698 1976-11-03 7 LONDON. Tues. The stock market ended slightly easier after an Irregular trend with trading interest small because of the US presidential election, dealers said. At 3 p.m., the Financial Times index was off 2.9 at 283.4. Government bonds showed net losses of around 1/8 among longer maturities following the698 words
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Article91 1976-11-03 7 FINANCIAL TIMES INDUSTRIALS Monday 286.3 Friday 276.7 Week ago 279.9 TINS Monday 121 84 Friday 123 07 Week ago 116.25 RUBBERS Monday 484 67 Friday 507 57 Week ago 491.50 OILS Monday 362.34 352.51 ago 338 31 DOW JONES AVERAGE INDUSTRIALS Monday 966.09 964 93 Week ago 938.00 LONDON91 words
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Article76 1976-11-03 7 Reuter PERTH, Tues. Unaudited consolidated operating profit at Swan Brewery was A 2 98 million ($2.65 million) for the 24 weeks ended Sept 14, 1976. on revenue of $63.13 million ($50.96 million) Profit is after tax of $2.24 million ($1.92 million) and depreciation $640,000 ($601,000) but beforeReuter - 76 words
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Article103 1976-11-03 7 Reuter SYDNEY, Tues Southern Pacific Properties (Australia) (SPPA) said it extended its 40 Australian cents a share offer to minority shareholders in Travelodge Australia to Dec 12 from Nov 11. SPPA, a unit of Southern Pacific Properties of Hongkong, said it is now entitled toReuter - 103 words
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Article101 1976-11-03 7 Reuter HONGKONG Tues. Banco Nacional de Cuba is floating a five million Kuwaiti dinar nine per cent seven-year bond issue with Arab Financial Consultants and Arab and Morgan Grenfell Finance acting as lead managers, bond market sources said. The issue will be listed on the Luxembourg StockReuter - 101 words
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Advertisement95 1976-11-03 7 ccrilDF a BRIGHTER FUTURE FOULKS LYNCH Enrol now with FEDERAL PUBLICATIONS Home Studies Division for the following FOULKS LYNCH Courses Association of Certified Accountants Institute of Cost and Management Accountants Association of International Accountants Institute of Taxation Institute of Accounting Staff Society of Company and Commercial Accountants Institute of Administrative95 words
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COMMODITY REPORTS AND PRICES
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Article689 1976-11-03 8 IN the Singapore rubber market, the morning's trading was very slow, after opening slightly lower and prices fluctuated within a 0.50 cent range, dealers said. Later prices eased on pro-fit-taking and the withdrawal of buying support. Forwards trading was small, they said. The market ended the morning quiet689 words
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Article116 1976-11-03 8 DAILY SSR and SMR prices at noon yesterday: HAS. Nov. Dec. (Current Mth) (Forward Mth) Buyer Sellers Buyera Seller* (cea ite per k«) (cent* pe rk<) SSR 20 (1-ton Pallets) 190 50 192 50N 191.50 193.50N SSR 50 (1-ton Pallets) 188 00 190 .OON 189 00 191116 words
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Article154 1976-11-03 8 THE Straits tin price in Penang yesterday rose $2,124 to close at $1,192.12 V* per picul on an official offering down 81 tonnes to 215 tonnes. In LONDON on Monday afternoon, tin declined by 120 for Cash and about £2 for Three Months in both contracts. Trading enthusiasm154 words
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Article30 1976-11-03 8 Rubber: Nov 2 Singapore: Nov. 208.00 eta (down 0.75 eta.) Malaysia: Nov. 215.25 eta. (down 2.00 eta) Tin: $1,192,124 (up $2,124) Official offering: 215 tonnes (down 81 tonne*)30 words
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Article144 1976-11-03 8 LONDON, Tues On Monday afternoon. Spot silver closed little changed at 271/272p compared with Friday's close of 271.5/272.5 while Three Months metal finished at 282.5/283.5 slightly down on the previous close of 283/284. Dealers said business was thin with no new factors affecting trade. In NEW YORK on Monday,144 words
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Article128 1976-11-03 8 THE following Palm Oil prices were < luoted In London on Monday The prices are elf Rotterdam and are quoted In US dollars per long ton unless otherwise stated. Monday Prev. Malaysian 5% ffa bulk Dec 463 sir 453 sir Jan 460 sir 453 sir Sumatra b% Nov128 words
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Article255 1976-11-03 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk $72 sellers, old drum $77 sellers, new drum $82 sellers Copra: Mix (loose) UK/Cont. $45 buyers Pepper: Muntok ASTA white f ob 100% NLW $322'. sellers. Sarawak while fob 96% NLW $305 sellers. Sarawak special255 words
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Article290 1976-11-03 8 IN the Singapore gold market yesterday, both volume and prices were flat. The kilo bar drifted aimlessly between 5J29.745 and $9,775 while for London delivery the price opened and closed at U*****.00 per ounce having touched U*****.80 during the day. The London morning fixing was U*****.20, down $0.40 compared290 words
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Article243 1976-11-03 8 LONDON, Tues. On Monday afternoon, copper wirebars on the day lost fully £14 for Cash and til for three months. The market softened under liquidation and some trade selling but losses were eventually erased during kerb dealing on isolated covering operations following a recovery at New York. Three months243 words
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Article37 1976-11-03 8 LONDON, Tues. On Monday afternoon, zinc declined by 14 all round. Values continued to work lower under continued hedge selling which took Three Months down to 1295 per tonne on quiet market. Sales were 800 tonnes.37 words
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Article49 1976-11-03 8 LONDON. Tues. On Monday afternoon. Lead lost 14 for Cash and fully L' 3.50 for Three Months. The market held around previous ring levels in modest two-way trading of 2,000 tonnes which mostly comprised carries. Due to a delay in transmission, the latest LME reports are not available.49 words
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Article186 1976-11-03 8 CHICAGO, Mon. Soybean futures closed with losses of 5-1/2 to 2-1/2 cents a bushel In most months. September finished with a gain of 4 cents and November 1977 with a gain of 2-1/2 cents. The volume of dealings was light through the session as traders awaited the results of186 words
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Article169 1976-11-03 8 CHICAGO, Mon. Wheat futures closed with gains of two to three cents a bushel on a light trade. Commercial and speculative buying firmed prices In a light trade ahead of the Presidential election tomorrow. Underlying support was provided by Egypt's purchase of 95,000 tonnes of soft red winter wheat169 words
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Article112 1976-11-03 8 LONDON, Mon. A total of 41,856 packages were offered at the day's auction, the Tea Brokers Association reported. There was a strong and general demand for North Indian and African tea and prices were fully firm to dearer apart from powdery Mozambique dusts which were neglected. Bright112 words
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MONEY AND EXCHANGES
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Article600 1976-11-03 8 INTEREST rates for overnight funds in the Singapore domestic money market continued to hold steady at around 3'4 per cent for the second successive day yesterday. Although the overnight rates eased slightly to around 2 7 4 and per cent In the late morning from their opening level of600 words
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Article168 1976-11-03 8 Asian rates ASIAN currency deposit t rates as at close on Nov 2: nterbanl US Dollar (Spot) Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths 01/16 51/8 5 3/8 51/2 57/8 6 63/16 515/16 5 51/4 5 3/8 5 3/4 5 7/8168 words
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Article53 1976-11-03 8 RANGE of prices offered by dls count houses on Nov 2: Overnight 2 to 3 1/8% Call deposit 2 3/4 to 3 1/8* Clswnc Bu> Sellia« 3-Month Treasurer bills 3 1/B 3 3-Month Bank bills 37/8 33/4 3-Months CD 4 l/( 4 6-Month 4 8/16 4 7/18 Source:53 words
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Article154 1976-11-03 8 Euro rates LONDON, Tues. Eurodollar deposits opened basically steady with minimal movement noted In early slack conditions, dealers said. They cited the New York closure in the day for Election Day coupled with a lack of Interest In deposits ahead of the result of the US Presidential election, for very154 words
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Article414 1976-11-03 8 LONDON, Tues A firmer trend for the dollar seen in New York overnight was extended in early trading here as operators closed off short dollar positions ahead of the day's US Presidential election, dealers said. Sterling benefitted from the move out of Continental currencies and traded 0.70 cents above414 words
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Article253 1976-11-03 8 NEW YORK, Mon. The dollar closed modestly higher against some leading currencies in quiet trading here. Dealers said trading was subdued with most European centers closed and with the US market closed on Tuesday for Election Day. However, they said the dollar activity was influenced by the Presidental253 words
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Article130 1976-11-03 8 TOKYO, Tues. The Bank of Japan sold an estimated US$BO million to prevent the yen from falling too fast and curb speculation in the Japanese currency, dealers said. The US dollar for overnight delivery closed at 295.50 after touching 296.00 and compared with 295.90 at the opening and 294.50130 words
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Article34 1976-11-03 8 HONGKONG banknotes quoted on Nov 2: US 4.80/4.82 UK 7.60/7.80 Burma 2.00/2.50 India 4.45/4.75 Indonesia 1.10/1.14 Japan 1.627/1.637 Korea 0.90/0.94 Philippines 0.585/0.605 Singapore 1.945/1 965 Malaysia 1.895/1.915 Brunei 1.89/1.91 Thailand 23.35/23.65 Taiwan 12.10/12.4034 words
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Article62 1976-11-03 8 Minimum lending rates (in aCBC 7 F»»l Chicago 7 Algernon* Bonk 7 Ciubank 7 Bonflhak Book Bank at Amorico 'I HKSBC Indofcuer 7% 7 Bonk o* Chmo 7*i Malayan Banking 7 Bank o< Tokyo 7 Mitiut Bank 7 Bonk Nogaro OCBC 7 1 ndonowo 7t* oue 7 Cbartorod Bank 762 words
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Article40 1976-11-03 8 ZURICH exchanges quoted on Nov 1: US 2 4357-4367 UK 3.8655-8690 Can 2.5050-5065 W'Germ 101.14-23 Neth 96.68-78 France 48.76-82 Belg 6.60-1/4-61-1/2 Denm 41.34-38 Norw 46.12-16 Swed 57.76-81 Italy 0.2829-2837 Austria 14.26-28 Port 7.75-77 Spain 3.56-3/4-57-1/2 Arg 1.25-2.25 Japan 0.82-1/2-8340 words
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Article50 1976-11-03 8 AUSTRALIA/NZ exchanges quoted on Nov. 2: Australia: Sterling 0.7741/0.7663 US dollar 1.2294/1.2244 Ninety day air mail buying rates: Sterling 0.8137, US dollars 1.2574 Ninety day forward buying rates: Sterling 0.7939, US dollars 1.2133 New Zealand: Sterling 0.5991/0.5956 US dollar 0.9558/0.9458 Ninety day forward rate: Sterling 0.6549, US dollar 0.974350 words
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Article32 1976-11-03 8 FRANKFURT exchanges quoted on Nov 2: US 2.4100 (2.4050/65) Can 2.4762/73 UK 3.83/84 Neth 95.55/70 Switz 98.57/72 Italy 2.78/80 France 48.20/35 Norw 45.63/66 Belg Com 6.50/52 Belg Fin 6.44/45 Japan 0.8146/5832 words
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Article348 1976-11-03 8 LONDON, Tues. Eurobonds traded mostly steady to a shade firmer where changed, dealers said. News of a US$lOO million New Zealand issue at per cent due 1986 stimulated demand among higher yielding bonds such as Australia 8-V» per cent 1986 which traded at 100-14 1003 (100 100-*/ i),348 words
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Article265 1976-11-03 8 LONDON, Tues. Robusta futures opened quietly steady L' 7 to i.12 down from Monday's close. Volume at the opening call totalled 562 lots boosted by 500 lots of self bloc trades. Jan initially traded at 12,191 but later rose to trade at t'2,193 after touching a low of (.2,189.265 words
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Article150 1976-11-03 8 LONDON, Tues. Terminal opened 10.60 to 11 25 higher after light trade interest had encouraged some local buying. Sales were 1,416 lots, most of which were large block self trades on the kerb. Dealers expect a rather quiet day in view of the US Election Day holiday. The only150 words
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Article146 1976-11-03 8 BANGKOK. Tues. Indicative prices for rice quoted yesterdav were: US dollars per tonne FOB basis Bangkok Loonzain: Unchanged, Parboiled: Unchanged, Maize: Unchanged. In HONGKONG yesterday, the market was steady with prices up 30 cents to HK$l. The day's turnover totalled 501 tons comprising Thais 182 tons, Kwangtungs 218 tons146 words
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Advertisement166 1976-11-03 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Hmes 'A BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding166 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration932 1976-11-03 9 IQBAL MIRZA - Pakistan's international status symbol its very own airline was until recently a storm-tossed problem case, in danger of complete collapse. But within three years President Bhutto's strongman choice for chairman has lifted it to a major place among the world's airlines. By IQBALFinancial Times - 932 words
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Article123 1976-11-03 9 Reuter CANBERRA. Tues. The 13.875-tonne Dutch tanker Chevron Lieden was disabled in the Indian Ocean and two crewmen badly burnt in an explosion in an engine room, a spokesman for the Australian Operations Centre said here today. The explosion occurred when the tanker was about 384Reuter - 123 words
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Article36 1976-11-03 9 Reuter TOKYO. Tues All six people aboard a US military transport plane died yesterday when it crashed on the Atsugi Naval Air Station near Tokyo, a spokesman for the air station said today. ReuterReuter - 36 words
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173 1976-11-03 9 THE Orient Exchange, which opened in September. currently has a list of 434 subscribers throughout Asia on its register. There are also subscribers in Africa and Papua New Guinea. This register is now being sent to offices around the world. So far.173 words
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885 1976-11-03 9 ARTHUR SANDLES - America has absolute rights over the Panama Canal zone according to a treaty which is theoretically perpetual. But Panama has other ideas and if the argument gets more heated the implications for transportation could be considerable. I By ARTHUR SANDLES Financial Times THERE may beFinancial Times - 885 words
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Article, Illustration357 1976-11-03 9 EXPECTED ARRIVAL TODAY KEPFEL WHARVES Atreus (0700 after Peisander) (D/L) 35/36 Barge Hup Huat 10 (0700 alongside Thompson Lykes) 1/2 Centaur (1700) 44 Eimei Maru (JERX) (1830 29/30 Gudrt%n Bakke (0700 after Lossiebank Buenos Aires Maru) 31/32 King Sun (0600 22 Kinsei Maru No. 17 (JFCE) (2100 after357 words
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244 1976-11-03 9 THE Sabah. Brunei and Sarawak Freight Conference (SBSFC) will use a new basis for rating transhipment cargo from East Malaysia, effective from Feb. 1, next year. Instead of calculating cost on a through rate basis, the SBSFC will switch to transhipment additional for through244 words
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Article68 1976-11-03 9 SEATRADE. the international shipping magazine, is holding its annual conference in New York from Nov 8 to 9. The two major themes for this conference will be liner shipping and oil transportation Unlit inti'inational and US domestic issues will be discussed. Speakers will include Mr. Karl Bakke. chairman68 words
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161 1976-11-03 9 NorthSouth Vietnam rail service resumes AP BANGKOK, Tues. A train has crossed the Demilitarised Zone (DMZ) which formerly separated North and South Vietnam, restoring rail service after a lapse of three decades, the Vietnam News Agency said today. VNA said the train negotiated a newly repaired IH4 km section ofAP - 161 words
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Article83 1976-11-03 9 Reuter NEW YORK. Tues. The International Longshoremen's Association (ILA) and the Council of North Atlantic Shipping Associations (CON AS A) have separately appealed to President Ford to block a new increase in Panama Canal shipping tolls. In separate letters to the White House, the union and shippersReuter - 83 words
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Article60 1976-11-03 9 UPI TOKYO. Tues A Taipeibound Japan Asian Airlines (JAA) jetline made an emergency landing at Haneda (Tokyo) International Airport yesterday after developing engine trouble, airport officials said. They said the McDonnel Douglas DCB jet with a crew of 10 and 57 passengers aboard landed at the airport atUPI - 60 words
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Article545 1976-11-03 9 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE PAA PA841 0950 SFO/HNL/GUM CAL CI816 1000 HLP JAL JL712 1000 HLP SIA SQ211 1010 HLP CPA CX710 1030 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK THAI TG981 1045 BKK GIA GA908 1100 MES545 words
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Advertisement299 1976-11-03 9 Ifl/IGHT HOUDfIV/ The Executive's Travel Agent Suite 102, Cathay Building. Mount Sophia. Singapore 9 Telephone *****2. y AT y We Help feu To Mi nd Your Own Business trade ndujtr>«rade industry UUUUm iUHUUii mmuiu muuuu trade^industryltrade^industry mm m t uu W R M n ihdMl'S The Republic's foremost Business Review299 words
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Article, Illustration1692 1976-11-03 10 RHYS DAVID - SKELMERSDALE CLOSURE ILLUSTRATES THE PLIGHT OF THE ENTIRE TEXTILE SECTOR By RHYS DAVID Financial Times A SERIES of closures in Courtaulds' textile sector has lent force to the case that the European textile industry, through its representative associations, has been putting to the EuropeanFinancial Times - 1,692 words
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749 1976-11-03 10 DAVID NAI-WAI LEE - LETTERS TO THE EDITOR DAVID NAI-WAI LEE Chairman and Managing Director, WE REFER to the article on "Rights Issue Plan by S.P. Textile" (8.T.. Oct. 26) and wish to clarify certain facts regarding our proposed rights issue so that you may enlighten the749 words
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Article, Illustration607 1976-11-03 10 HERBERT KOSHETZ - By HERBERT KOSHETZ NYT A LAG in retail during the summer months and early autumn has weakened prices in the man-made fibre producing industry. Polyester filament yarn has been the most seriously affected, but weakness is also evident in polyester stapleNYT - 607 words
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Page 10 Advertisements
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Advertisement257 1976-11-03 10 APPOINTMENTS The Hong Kong Tourist Association requires a capable and experienced executive tor the appointment of REPRESENTATIVE K)R 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 further257 words
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Advertisement227 1976-11-03 10 Marketing Salesman/Assistant 1 If you have not less than 5 years expe- 3 rience in handling produce items in I 2 5 volume, are not less than 28 years old S and are a Singaporean, please write, in I your own handwriting giving full educa- fl rE tional and occupational227 words
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Page 11 Advertisements
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Advertisement450 1976-11-03 11 Important reading for all businessmen t i l VH fotj opfrmitf i Business Times is specially aimed at Singapore businessmen. Use the pages of Business Times as your salesmen when you want to talk to them. Turn the pages of Business Times into company salesmen What sort of salesmen does450 words
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Article, Illustration444 1976-11-03 12 Reuter KUALA LUMPUR, Tues. Two deputy ministers today resigned from their posts in the Malaysian Government and the ruling United Malay National Organisation (Umno), it was announced here today. A statement by Prime Minister Datuk Hussein Onn said he had accepted the resignationsReuter - 444 words
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293 1976-11-03 12 Reuter TOKYO, Tues. A senior official of the British Government has told the Japanese Finance Ministry that Britain has no intention at present of seeking loans totalling between £7 billion (SI 17 billion) and £10 billion from nations that have balance of paymentsReuter - 293 words
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Article201 1976-11-03 12 Reuter JAKARTA, Tues. Mining Minister Mohammad Sadli said today Indonesia would start selling oil to Australia in January. The Indonesian Government and the Australian Ampol Oil Company has reached a basic agreement on the oil sale which could possibly change the balance of trade betweenReuter - 201 words
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Article194 1976-11-03 12 Reuter LONDON, Tues. The leader of the International Monetary Fund mission to the UK, Mr. L.A. Whittome, is now in London. Mr. Whittome, who is head of the European division of the IMF, in speaking to Reuters on the telephone declined to commentReuter - 194 words
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Article117 1976-11-03 12 TRADING subsidiaries of the Hagemeyer group in Singapore have taken out suits against two local companies for payment on goods allegedly sold and delivered to them. They are Hagemeyer Trading Co. (S) and L.E. Tels Trading Co. (S). The former is claiming $30,799.48 from Mun Hing117 words
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Article157 1976-11-03 12 ARCHITECTS Swan and Maclaren have taken out a suit against one of the largest property holding companies in Singapore. Its lawyers Murphy and Dunbar have filed a suit against Hong Leong Holdings for $373,254 being fees allegedly due for professional work done by the architects for the property company.157 words
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999 1976-11-03 12 DETAILS YET TO BE FINALISED BRITISH Airways may start a regular Concorde service from London to Singapore pending the success of Its negotiations with the other countries along the route. The official statement from Singapore Airport said, however, that the actual date of launching cannot999 words
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Article493 1976-11-03 12 HAW Par Brothers International has moved to cut the deadwood from one of its major lossmakers in its textile division. In a press statement released yesterday, the company announced that after a detailed review, it has decided to reorganise its textile operations by closing down493 words
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585 1976-11-03 12 Reuter UPI WASHINGTON, Tues. American electors went to the polls today to choose Mr Gerald Ford or Mr Jimmy Carter in the closest presidential race in recent history. It was a cold but windless morning, and the weather forecasters predicted a clear Autumn day.Reuter; UPI - 585 words
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Article269 1976-11-03 12 AP MANILA, Tues. South Korea wants West German banks to establish branches in Seoul and to finance Joint ventures with South Korean businessmen, the head of an economic mission from the city-state of Hamburg said today. Dr. Wilhelm Nolling, senator for economics, transport andAP - 269 words
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122 1976-11-03 12 Reuter JAKARTA, Tues. A one hundred per cent victory for Indonesia's ruling functional group (Golkar) in next year's general elections could lead to totalitarianism, a top party advisor has warned. Lt.-Gen All Murtopo, who is also the country's deputy intelligence chief, said: "A complete victoryReuter - 122 words
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298 1976-11-03 12 KUALA LUMPUR, Tues. Government backbencher and Umno Youth leader. Tan Sri Jaafar Albar, today refuted charge* in Parliament by opposition leader Lim Kit Siang of the DAP that he was involved in a company financed and controlled by Russia. He challenged Mr. Lim298 words
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Article77 1976-11-03 12 AP TOKYO. Tues. A Malaysian economic mission led by Datuk Musa Hitam, Minister of Primary Industries, arrived in Peking yesterday for a friendly visit to China, the Hsinhua News Agency said. After his arrival, the Malaysian Minister held talks with Chinese Foreign Trade Minister Li Chiang,AP - 77 words
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241 1976-11-03 12 MALAYSIAN PARLIAMENT KUALA LUMPUR, Tues The Government will continue to allow key posts in the mining industry to be held by expatriates so long as the companies concerned still have investment In Malaysia. The Parliamentary Secretary to the Labour and Manpower Ministry.241 words
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Article270 1976-11-03 12 KUALA LUMPUR. Tues. The Government has made an initial payment of M 532.8 million on the purchase of the four Swedish Spica-M fast strike craft for the Royal Malaysian Navy, Deputy Defence Minister Mokhtar Hashim told the Dewan Rakyat today. Replying to Mr. Lim Kit270 words
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137 1976-11-03 12 KUALA LUMPUR. Tues. Discussion on whether oil tankers using the Straits of Malacca will be required to pay certain deposits as a measure to abolish the present system of paying compensation in case of accidents will be held soon. Acting Communications Minister. Encik Ali137 words
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