The Business Times, 5 November 1976
1976-11-05
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The Business Times
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Title Section10 1976-11-05 1 BUSINESS TIMES M.C.(P) 1455/76 FRIDAY, NOVEMBER 5, 1976 SO CENTS10 words
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NEWS SUMMARY
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Article80 1976-11-05 1 AP ATLANTA, Thurs. Directors of Coca-cola Co. have approved the firm's first venture Into alcoholic beverages In Its 75-year history. The directors approved yesterday a previously announced merger agreement in which about US$95 million (5J232.7 million) In common stock will be used to acquire the Taylor WineAP - 80 words
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Article46 1976-11-05 1 AP AUCKLAND, Thurs. All members of the Opposition Labour Party walked out of the House of Representatives tonight after Prime Minister Robert Muldoon branded an opposition member a "Red reverend" and said he once was picked up by police for homosexual activity. AP.AP - 46 words
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Article67 1976-11-05 1 Our right to live AP TOKYO, Thurs. Carrying banners declaring "Don't deny us our right to live," about 3,000 Japanese marched through central Tokyo this evening to protest the 320 km economic zone that the Unfted States will put In effect next March. The immediate target of the demonstration wereAP - 67 words
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Article76 1976-11-05 1 AP MANILA, Thurs. Negotiations aimed at settling the Muslim rebellion In the Southern Philippines are to open in Tripoli, Libya, in late November or early December, the top military officer in the South said today. Rear Adm. Romulo Espaldon, chief of the Armed Forces South Command,AP - 76 words
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Article113 1976-11-05 1 UPI LONDON, Thurs US car sales figures for the first 10 months of 1976 showed that British Leylands Triumph range has had a record year with two months sales yet to come. The company said today that from January to October, 24,212 Triumphs were sold, easilyUPI - 113 words
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Article44 1976-11-05 1 Reuter KUALA LUMPUR, Thurs. Wahab Majid, brother of former Deputy Minister of Labour and Manpower Abdullah Majld arrested for alleged Involvement in communist activities last night has resigned as Press Secretary to Prime Minister Hussein Onn, it was learned tonight Reuter.Reuter - 44 words
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Article28 1976-11-05 1 LONDON, Thurs. Strength of sterling and continued stock shortage helped push the Financial Times index nine points up to 299.3, at 3 p.m. today.28 words
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Article44 1976-11-05 1 UPI NEW YORK, Thurs. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 958.28, up 1.75; 20 transp 212.16, up 2.24; 15 utils 97.58, down 0.39; 65 stocks 302.76, up 0.93. UPI.UPI - 44 words
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Chief Price Changes
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Article, Illustration162 1976-11-05 1 SHARES staged a mild rally at the Stock Exchange of Singapore yesterday. Trading, however, was light and centred on a handful of speculative favourites. Haw Par rose s'i cents to $1.03. The Business Times index rose 5.99 points to 255.48 while the Straits Times Industrial average gained162 words
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Article104 1976-11-05 1 Rises Most active Sel Dredge S3.32 .14 Haw Par 345,000 O.C.B.C. M 30 .10 Central Sugars 170,000 Slme Darby S3 60 .08 Pan Electric 69,000 Genting S2.62 .08 Inchcape 66,000 C. Sugars SI 07 .07 Total Turnover: 1.22 M Inchcape S2.36 .07 Total Value: MSI.87 M Carlsberg104 words
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722 1976-11-05 1 EXPORT CREDIT INSURANCE SCHEME TWO months after coming into operation, the export credit insurance scheme has still to make an impact on local exporters and manufacturers. This is the state of affairs at the Export Credit Insurance Corporation which opened for business in722 words
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Article89 1976-11-05 1 PRIME Minister Lee Kuan Yew yesterday sent the following congratulatory message to Mr Jimmy Carter, President-elect of the United States. "On behalf of the Government of Singapore, may I extend my congratulations to you on your election to the high office of President of the United States.89 words
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Article51 1976-11-05 1 Reuter WASHINGTON. Thurs. Securities and Exchange Commission chairman Mr. Roderick Hills said he will resign soon because of Mr. Jimmy Carter's presidential victory. Mr. Hills, a former aide to President Nixon, said he thought Mr. Carter would replace him as SEC chairman soon after his inauguration.Reuter - 51 words
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Article43 1976-11-05 1 JAKARTA, Thurs. The Government has reduced the import duty of 20 per cent and the sales tax of 10 per cent on gold to 2.5 per cent to discourage gold smuggling into Indonesia, Director General of Customs Tahir said today.43 words
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Article517 1976-11-05 1 Reuter AP WASHINGTON, Thurs. US President -elect Jimmy Carter today sought replacements for hundreds of American officials, from Secretary of State Henry Kissinger downwards. Mr. Carter's chief task before he takes office on Jan 20 Is to pick men and women for the moreReuter; AP - 517 words
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442 1976-11-05 1 WESTERN trade union leaders have by their narrow protectionist sentiments made nonsense of their professed concern for International labour solidarity. This charge was made by Mr. C.V. Devan Nalr in Manila yesterday when he spoke at an ILO-SIDA-ICFTU-ARO conference on Trade442 words
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Article68 1976-11-05 1 THERE U aa exclusive club in Singapore with slightly more than 200 members* This is the club whose members together contributed $32.8 million to the income tax department last year. This group of 189 resident and 14 non-resident taxpayers together make up just 0.1 per cent of68 words
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Article274 1976-11-05 1 Reuter TOKYO, Thurs. The Tokyo stock market plunged to its lowest level for five months, reflecting business fears that under President-elect Jimmy Carter the United States might adopt a protectionist trade policy towards Japan. Export-oriented stocks, such as automobile, electronic and camera shares, led theReuter - 274 words
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Article165 1976-11-05 1 Reuter LONDON, Thurs. The British pound continued its upward trend of the last few days In early deals on foreign exchange markets today, climbing to Just over US$l.6l (Bs3.9)at one stage. After an hour of trading sterling dropped back a little to trade at 51.6095Reuter - 165 words
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333 1976-11-05 1 THE final decision on timing the go-ahead for the multimillion dollar Raffles International Centre complex will be made some time next year. A New Nation report yesterday made much of the fact that the Development Bank of Singapore submitted plans on Oct 26333 words
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303 1976-11-05 1 THE Development Bank of Singapore will consider floating some of its subsidiaries in the stock market when the time is ripe. Two prime prospects are DBS Finance (Capital: $2 million; assets: $32 million) and DBS Realty (presently developing a condominium project in Ulu303 words
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Article329 1976-11-05 1 MR. Cho Jock Kim, chairman of Far Eastern Hotels Development, has not made a firm offer to the company to buy back outside shareholders' Interest in the company. This was stated in a letter from FEH to the stock exchange one month after it329 words
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Page 1 Advertisements
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Advertisement58 1976-11-05 1 Silent light (Tallinn RfITTFPY IKMTffi Round switch button 8200 p ree life-time service Tel:*****1 SEE PAGE 12 k Overseas Newv TV Radio Oversea# News/ Foreign Features Local Co New* Foreign Co News Local Stocks Overseas Stocks Commodities P8 K Transport A p 3 Communications P9 P4 Features Pit P5 News58 words
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Advertisement109 1976-11-05 1 Copy large size originals on one sheet, size for sizeno trimming, no sticking together. Xerox 3103 No matter what the originals. Up to 14" by*lB" or 356 mm by 457 mm. solids. Half tones. Or pale blue. The Xerox 3103 gives perfect reproductions. Every time. Size for size. On one109 words
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Advertisement194 1976-11-05 1 Jf'S S' i >// /'?//.> f par G O L F PTE LTD the golfers' shop v. »AC. tAS* VH 'T.Nv, t,rMARL hi V .A» Rt 'f. A Wayfoong MAF loan can help you get through the difficult months of any business. A big idea isn't enough. A business needs194 words
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OVERSEAS
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421 1976-11-05 2 Reuter FRANKFURT, Thurs. Mr. Jimmy Carter's victory may put slightly greater pressure on Germany to reflate Its economy next year, according to banking economists here. His commitment to un-employment-easlng policies and the likelihood he will plead for the Federal Reserve to allowReuter - 421 words
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Article141 1976-11-05 2 Reuter WASHINGTON. Thurs. The election of Mr. Jimmy Carter as President of the US is expected to re-esta-blish government participation in a grains reserve programme, if he sticks by his party's platform and his own statements, made during the campaign, agriculture observers here say. During his election campaign.Reuter - 141 words
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317 1976-11-05 2 Reuter UPI WASHINGTON, Thurs. If 4,500 more Americana in Ohio and Hawaii had voted for President Ford, Mr Jimmy Carter will today be another peanut farmer and not President-elect of the United States. Mr Carter's two million margin in the popular voteReuter; UPI - 317 words
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Article, Illustration1233 1976-11-05 2 NYT NEW YORK, Thurs. —The ascendancy of Jimmv Carter to the presidency will bring with it a transformation of United States economic policy from caution and passivity towards greater experimentation and activism. Although the specifics of the new economic policy will emergeNYT - 1,233 words
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Article52 1976-11-05 2 UPI TOKYO, Thurs. China has agreed to import 1.3 million tonnes of steel from Japan during the JulyDecember period of this year, according to Industry sources. The sources said the agreement was reached at negotiations in Peking between Chinese officials and representatives of Japan's six major steelUPI - 52 words
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Article72 1976-11-05 2 UPI ISLAMABAD. Thurs. The Government yesterday offered foreign flrmi conceptions for exploration of oil in Pakistan, according to an official announcement toThe concession* included tax exemption on imported machinery and permission to export petroleum from Pakistan. The announcement said the Government also fixed the rate of royalty atUPI - 72 words
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285 1976-11-05 2 Reuter BANGKOK, Thurs. Thailand todav accused Vietnam of violating the spirit of their Joint communique last August establishing diplomatic relations by "seizing upon uncorroborated news reports as pretext for malicious propaganda against Thailand." A Foreign Ministry press statement denied charges by Hanoi media thatReuter - 285 words
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163 1976-11-05 2 Reuter UNITED NATIONS, Thurs. Senior UN officials repeatedly appealed for more aid money when the economic and financial committee met today to review development activities in poor nations. Mr. Bradford Morse, administrator of the UN Development Programme (UNDP), told the committee the totalReuter - 163 words
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483 1976-11-05 2 AP UNITED NATIONS, Thurs. The United States warned yesterday that unless South Africa's white minority regime changes its race policies soon, racial violence "Inevitably will destroy a rich and productive country." US delegate Stephen Hess was among the final speakers in a sustained assaultAP - 483 words
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Article280 1976-11-05 2 UPI TOKYO, Thurs Former Premier Kakuei Tanaka claimed today that he was not connected with the portion of the US$l2 million (5529.4 million) Lockheed payoff scandal involving All Nippon Airways (ANA). Mr Tanaka and four other ruling Liberal Democratic Party members of the House of RepresentativesUPI - 280 words
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149 1976-11-05 2 AP WASHINGTON, Thurs The chairman of the Federal Deposit Insurance Corp (FDIC), says he thinks banks in the United States are overcoming the problems they had In the recession of 1974-5. Mr Robert Barnett gave that assessment yesterday even as he said thatAP - 149 words
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369 1976-11-05 3 FOR THE NON-OIL PRODUCING NATIONS GENEVA, Thursday Reuter THE combined current account deficit of non oilproducing developing countries is likely to fall this year from 1975's figure of U5537.5 billion but will still be above the 1974 level of US$29 billion, the General AgreementReuter - 369 words
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Article160 1976-11-05 3 Reuter GENEVA. Thurs. China's trade deficit with developed countries fell slightly to US$2.7 billion last year from US$2.B billion in 1974, figures published by the General Agreement on Tariffs and Trade (Gatt) show. Imports were little changed at U555.37 billion (U555.27 billion) while exports rose slightlyReuter - 160 words
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Article78 1976-11-05 3 Reuter BONN. Thurs. The West German inflation rate in November and December will be between an annual rate of 3.9 per cent and four per cent, compared with October's provisional six-year low of 3.8 per cent, Economics Minister Hans Friderichs said. Government spokesman Armin Gruenewald told reportersReuter - 78 words
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Article52 1976-11-05 3 Reuter BRUSSELS. Thurs. E.E.C. consumer price figures for end-September snow Ireland had the highest rise at 18.9 per cent over the previous year while West Germany had the lowest at four per cent. They show Italy's prices rose 18 per cent while the UK's increased by 14.3 perReuter - 52 words
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370 1976-11-05 3 TOKYO, Thurs. Japanese business circles expressed concern that the United States might adopt a protectionist trade policy under President-elect Jimmy Carter. Bank of Japan governor Tellchiro Morinaga told a press conference he will closely follow the development of US trade policy,Reuter - 370 words
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220 1976-11-05 3 Reuter LONDON, Thurs. A private Labour Party document urges the government to enter into immediate negotiations through the Banh of England with UK-owned financial institutions and international trading companies for purchase, by agreement, of their portfolios of overseas assets, the Press AssociationReuter - 220 words
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Article35 1976-11-05 3 Reuter TOKYO, Thurs. Japan's new vehicle registrations totalled 294.976 in October, down one per cent from September and down 16.9 per cent from October last year, the Japan Car Dealers Association said. Reuter.Reuter - 35 words
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Article84 1976-11-05 3 Reuter ROME, Thurs. Italy is discussing with the EEC ways of spreading the burden of Italian export credits to foreign importers, which are swelling Italian money supply. Bank of Italy governor Paolo Baffi said. At end June subsidised credits abroad totalled 4.3 trillion lire,Reuter - 84 words
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429 1976-11-05 3 STOCKHOLM, Thurr Reuter CONTINUING shipbuilding over-capacity ia the greatest obstacle preventing a return to a reasonably balanced supply/demand position in bulk shipping, Mr. O.R. Norland,' executive director of Hambros Bank Ltd said. He told k business conference here the danger is thatReuter - 429 words
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Article, Illustration778 1976-11-05 3 LIONEL WALSH - Callaghan plan to neutralise threat to exchange rate of By LIONEL WALSH Reuter A FEW years back Britain was thankful that oil exporting countries were ready to deposit huge sums of their new-found wealth in sterling assets in London. i Now the picture has i changed. Foreigners have been runningReuter - 778 words
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Article, Illustration980 1976-11-05 3 RICHARD GROSS - By RICHARD GROSS UPI TINY, secretive Albania opened its seventh Communist Party Congress this week and it may be nothing more than window dressing for a country caught in the throes of political uncertainty and economic turmoil. The turbulence can be linked directly to itsUPI - 980 words
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Page 2 Advertisements
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Advertisement251 1976-11-05 2 o/« i B r l T nothing He FORTUNE FORTUNE is essential reading for 615,000 of the world's most influential executives. Each month, FORTUNE explores the future, offering look-ahead information on economic trends, corporate strategy, multinational business, management methods, the outlook for investments, and the new technology. To subscribe to251 words
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Page 2 Miscellaneous
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Miscellaneous36 1976-11-05 2 Bristow: FtaaKDicienS Tuc S"WF ON THIS STpsTioM HFVAL mPRCNfcD ftt^C)MD foot? OT KIHD TO Re£OGN»T, O BR*TtSM v-tl CPvIU" U)££X u)MP>T P* D"Frfeo£MC£. P» SOtlt. POFMCCS fVb OCCtfU- A unch PiS >du cocuD lo>sm td meeX36 words
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Miscellaneous276 1976-11-05 2 RADIO TV SINGAPORE 5 3.00 P.M. Opening announcements followed by Housewives' Matinee Boys In Love" (r) with superimposed English/ Chinese subtitles 4 Pt. 2 of a Mandarin film 3.55 Diary of Events (Chinese) 4.00 Window (Chinese) (r) 430 Intermission 6.10 P.M. Opening announcements followed by The Enchanted House" 630 News276 words
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Page 3 Advertisements
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Advertisement23 1976-11-05 3 great n derby The correct dates for the Great Case Derby are: IPOH 6th November 1976 SINGAPORE 20th November 1976 contact construction equipment23 words
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Advertisement236 1976-11-05 3 f 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 this236 words
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COMPANY NEWS
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Article324 1976-11-05 4 Current Ex Date Total for Total for payment Date payable the year previous year Genting 5%TE Oct. 12 Nov 5 5%TE+ 12.5%TE Malayan Flour 10%TE+ Oct. 5 Nov. 5 10%TE+ Nil M. Bitweriw 20% Oct. 20 Nov. 6 30% 30% Batu Lintang 5% Oct. 20 Nov. 8 7.5%324 words
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478 1976-11-05 4 THE newly-elected chairman of the Kuala Lumpur Stock Exchange, Tengku Noone Aziz bin Tengku Mahamood. expects a bigger role to be played by the stock exchange. We are very fortunate to have the authorities showing such keen interest in the development of the478 words
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1602 1976-11-05 4 GOH ENG KEE,ONG LECK KEONG - By GOH ENG KEE,ONG LECK KEONG CROUCHING in the shadows of the domineering high-rise public housing, the seven publicly listed property companies in Singapore face a future as uncertain as that of the private property sector as a whole. While both observers and professionals1,602 words
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COMPANY MEETINGS
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Article20 1976-11-05 4 THE following company meetings are due: m.m n Nov. 5, 12 noon. Regency Room. Raffles Hotel, Singapore.20 words
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Article19 1976-11-05 4 Nov. 9,10 a.m., Re- gistered Office. Penthouse. 10th Floor. Wisma Central. Jalan Ampang. Kuala Lumpur.19 words
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Article14 1976-11-05 4 Nov. 9. noon. Regis- tered Office, 25 Beach Street, Penang.14 words
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Article15 1976-11-05 4 Nov. 12, 11 a.m.. Registered Office, No. 50 Jalan Ampang. Kuala Lumpur.15 words
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Article14 1976-11-05 4 Robinson Company Ltd.: Nay. 11. 12 noon. Regency Rcjbm. Raffles Hotel, Beach Road. Singapore.14 words
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Article13 1976-11-05 4 Nov. 12, 11.30 a.m.. No. 50, Jalan Ampang. Kuala Lumpur.13 words
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Article19 1976-11-05 4 Nov. 15. 3 p.m., at the Johore Bahru Rest House, Jalan Sungei Chat. Johore Bahru.19 words
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19 1976-11-05 4 Nov. 17, 12 noon. Registered Office. 7th Floor. Grand Building. Phillip Street. Singapore 1.19 words
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Article17 1976-11-05 4 Nov. 17. 12 noon, at the Regent of Kuala Lumpur. Jalan Imbi, Kuala Lumpur.17 words
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Article15 1976-11-05 4 Nov. 18, 12 noon, at the Kuala Lumpur Hilton Hotel. Kuala Lumpur.15 words
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Article19 1976-11-05 4 Nov. 19. 12 noon, at the United Nations Room. The Regent of Kuala Lumpur Hotel.19 words
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Article76 1976-11-05 4 BOVIS South East Asia said shareholders have approved its proposed authorised capital increase and the one-for-two rights issue at an extraordinary general meeting on Oct 27. The company also announced it has received approval for the issue from the Capital Issues Committee in Malaysia and confirmation from the76 words
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Article82 1976-11-05 4 THE Stock Exchange of Singapore has asked HawPar Brothers International for more information on the disposal of a Hongkong textile factory and the 51 per cent stake in U.S.A. Arkin Collections. It would like to know the nominal consideration received and the basis upon which it was82 words
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537 1976-11-05 4 NYT NEW YORK. Thurs. The gamblers won in the stock market yesterday because the gamblers won at the polls on Tuesday. On Tuesday, New Jersey voters approved Las Vegasstyle gambling for Atlantic City, the ailing beach resort, and the shares of companies that appearedNYT - 537 words
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Article1147 1976-11-05 4 On November 3 PRICES were lower on the Chicago Board Options Exchange on Wednesday. Declines led advances 494 to 31 and volume approximated 84,342 contracts, up from 76,379 on Monday. OPTION JAN APL JLY STOCK Alcoa 45 UNTRD NOL NOL 54 Alcoa 50 5 1/8 UNTRD UNTRD1,147 words
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Page 4 Advertisements
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Advertisement357 1976-11-05 4 The first new idea in encyclopaedias in over 200years-Britannica 3 Britannica 3 doe? what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. (see below) That's what makes it the most useable reference work ever developed. That's why Britannica 3357 words
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INTERNATIONAL COMPANY NEWS
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Article191 1976-11-05 5 Reuter NEW YORK, Thurs The profit jump at Grumman in the current year has continued into the third quarter with net profit rising 40.8 per cent US$B.62 million ($6 12 million). This raiseo tne nine month total to $23.21 million, up 48.5 per cent from lastReuter - 191 words
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Article99 1976-11-05 5 Reuter SANTA ANNA. Calif., Thurs. Mobil Corp said it raised its offer to buy Irvine to US$265 million cash or $31.50 a share, matching a proposal made last by Cadillac Fairview Corp of Toronto. The new offer expires on Nov 11 but a company spokesmanReuter - 99 words
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Article56 1976-11-05 5 LONDON. Thurs. The Bulgarian foreign trade bank has signed a US$lOO million, five-year Eurodollar loan provided by 32 international banks. Bankers Trust International said as lead manager. Proceeds will be used to finance the import of capital equipment. Banking sources said the loan carries a 1 3 point margin56 words
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Article200 1976-11-05 5 Reuter NEW YORK. Thurs. Reporting a 17 per cent increase in third quarter net profit to US$B2.7 million ($70.7 million), Coca-Cola has forecast that the full year figure would be significantly higher than 1975'5. The company said it expects fourth quarter earnings to show a bigReuter - 200 words
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Article72 1976-11-05 5 ChryslerIllings deal JOHANNESBURG. Thurs. -Chrysler will acquire all the Illings shares held by the Anglo American Corp of South Africa group, in exchange for an issue of new Chrysler shares, Anglo director and Illings chairman, Mr. Chris Griffith said. Mr. Griffith said Anglo will hold slightly over 75 per cent72 words
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Article251 1976-11-05 5 Reuter MELBOURNE, Thurs. Increased sales of aluminium and higher prices for all products were mainly responsible for Comalco's higher first half 1976 net profit of US$B.4 million (s4.3'million), the company said in a statement. World consumption of aluminium had climbed steeply out of the trough experiencedReuter - 251 words
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Article102 1976-11-05 5 Reuter NEW YORK, Thurs. Ashland Oil expects its earnings for the fiscal first quarter ending Dec 31, 1976, to exceed the US$l.54 a share earned in the period a year earlier, chairman, Mr. Orin F. Atkins told a press conference. He expects earnings for the full yearReuter - 102 words
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Article297 1976-11-05 5 FT AMSTERDAM. Thurs. Holland America Line expects to be able to resume payment of a dividend this year, now that the company has started making profits again. It said in a short statement released in Rotterdam that, not taking into ac« ..,int ;i major book profitFT - 297 words
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139 1976-11-05 5 Reuter SYDNEY, Thurs. Mount Lyell Mining and Railway said it will close its North Lyell copper mines, near Queenstown. Tasmania. In a statement to the Sydney Stock Exchange, chairman Sir Brian MasseyGreene said the company will also reduce engineering and other services. Mr. Massey-Greene toldReuter - 139 words
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Article128 1976-11-05 5 UPI WASHINGTON, Thurs. Fujitsu-Hitachi, Japan's largest computer manufacturer, is about to complete negotiations with the People's Republic of China for the sale of three computers, Aviation Week and Space Technology reports in its current edition." The contract with the Chinese meteorological agency would be the firstUPI - 128 words
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Briefly
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Article120 1976-11-05 5 SAN FRANCISCO. Thurs. Citicorp expects fourth quarter operating earnings of between 80 and 90 US cents a share, up from 63 cents last year, chairman of the executive committee, Mr. Edward Plamers, said here befcre meeting security analysts. Mr. Palmer expected earnings for the full year to be120 words
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Article68 1976-11-05 5 TOKYO, Thurs. Kasado Dock said it signed a contract with a Coal and Allied of Australia to build a 3,000 dwt coal carrier worth 900 million yen. The carrier will be built by Kasado's subsidiary, Übe Dock, for delivery in August. 1977. Kasado said it is negotiating with Australia's68 words
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Article53 1976-11-05 5 TORONTO. Thurs. Reed Paper Ltd said it is omitting payment of quarterly dividends on common shares because of the anticipated reduced earnings for the current year. The company last paid 18.75 Canadian cents a share on the class "A" and 15.9375 cents a share on the class "B"53 words
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Article108 1976-11-05 5 STUTTGART. Thurs. Daimler Benz plans to invest five billion marks in fixed assets in the 1976/1980 period and to raise annual car production to 450,000 by 1980 from 370.000 this year, managing board chairman, Mr. Joachim Zahn, said. Car production next year is expected to "total about 380,000 against108 words
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Article58 1976-11-05 5 LONDON, Thurs. Ford Motor said workers at its 22 UK plants have rejected the benefits part of a pay and benefits offer in wage negotiations, but talks will resume on Nov 12. A spokesman said the men appear to have accepted the cash offer, the maximum allowed by UK58 words
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Article93 1976-11-05 5 OSAKA. Thurs. Toyo Kogyo. Japan 's third largest automobile maker, says It will resume exporting its Mazda car to the United States later this year or in early 1977. Mr. Tsutomu Mura, vice president of Toyo Kogyo. told a news conference the company seeks to time the marketing93 words
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Article35 1976-11-05 5 TORONTO. Thurs. Massey-Ferguson said it will pay an eight Canadian cent a share extra dividend along with its regular 25 cent quarterly, both payable on Dec 20 to shareholders on record on Nov 15.35 words
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Article49 1976-11-05 5 PARIS, Thurs. The US$25 million B*4 per cent fiveyear Olivetti International Eurobond issue was priced at 99Vi per cent, co-lead manager Morgan Stanley International said. Average life of the issue will be three years If the purchase fund of up to $5 million a year is fully utilised.49 words
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Article41 1976-11-05 5 TORONTO. Thurs. For the first nine months of 1976, net profit of Falconbridge Copper more than doubled to C 55.2 million ($2.09 million) on revenue up from $61.3 million to $69.6 million. Earnings per share were 40 cents (16 cents).41 words
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Article34 1976-11-05 5 ZURICH. Thurs. The Gebrueder Sulzer forthcoming 100 million franc 15year domestic loan will bear a coupon of five per cent and an issue price of 101 per cent, primary market sources said.34 words
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Article77 1976-11-05 5 LONDON, Thurs. The coupons on the two-part Girozentrale Sparkassen Vienna issues were cut to seven per cent from 7'< in the case of the 60 million mark issue due 1981. and to 7'/« per cent from V/i in the case of the 40 million mark bond, due77 words
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Article, Illustration852 1976-11-05 5 CHRISTOPHER HILL - By CHRISTOPHER HILL FT TO rise from secretary to managing director would be a success story in any career terms, but Audrey Head the new managing director of Hill Samuel Unit Trust Managers is even more unusual in that she has risen to the topFT - 852 words
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Article392 1976-11-05 5 FT PARIS, Thurs. The troubled French edible oils and fats group, Lesieur,ls back in the black following several vears of heavy financial losses, com{>ounded by one of the ongest boardroom struggles in France since the second world war. Compagnie Financlere Lesieur (CFL) has reported aFT - 392 words
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Article1031 1976-11-05 5 GENE SMITH - US RAILROADS By GENE SMITH NYT THE nation's railroads, beset by an inability to raise cash for improvements, are continuing to ask for one freight-increase after another. After three increases last year that provided an effective gain of 13 per cent, the railroads now haveNYT - 1,031 words
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Article78 1976-11-05 5 NEW YORK, Thurs. Northrop Corp expects "significantly greater" earnings this year compared with U554.32 a share in 1975. president Mr. Thomas O. Paine told security analysts Mr. Paine also said the companv expects sales this year will reach about $1.2 billion, up from $995.4 million in 1975. He78 words
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Article119 1976-11-05 5 Reuter HONGKONG, Thurs. Hambro Pacific said Sir James Goldsmith and private companies owned by, him. his family and associates hold 5.9 million shares, or 74 per cent, or Oriental Financial Consultants and Promoters following the closure yesterday of their bid for the outstanding share capital. TheReuter - 119 words
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197 1976-11-05 5 Reuter PARIS, Thurs. Oil production in the Abu Ghirab and Bazurgan fields of Iraa is expected to total five million tonnes next year and reach 10 million tonnes a year by 1980, Elf Aquitaine said. Elf will remain unit operator until the Iraq NationalReuter - 197 words
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Page 5 Advertisements
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Advertisement246 1976-11-05 5 J i£A BUSINESS OPPORTUNITIES Ws art looking for a company to run a larga Departmental Store/Supermarfcet or Furnltura Contra in Lau'a Arcadia Building on a Joint Vantura basis. Tha Stora must occupy four floors with an avaraga floor araa of 6,000 aq. ft. par floor. Enquiries: writs to Chiona Shlng246 words
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Article1909 1976-11-05 6 SECTION ONE INDUSTRIALS Gr'» Gr't 1976 Last div Div yld P/E Vol Day High Low Company Sale +«r- c'vr COOO) 1 High Low 250 170 Acma 176 12.ON 1.1 6.8 8.8 206 172 Alcom 206 20.0 1.3 9.7 13.2 100 60 Allied Choc 68 +3 3 681,909 words
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Article1370 1976-11-05 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 quoted after the word "Sett." Big Boards1,370 words
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Article165 1976-11-05 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (MiD*(«r'i price* for Nov. 5) (Current prices) The Commerce .1.71 1.81 INCOME BOND 1 07 1 13 The Saving Fund 0 98 1 03 S'poreProg Fund 0 82 0 87 Spore Secutrty Fund 128 135 S pore Invest Fund ...1.04 1.10 MARA165 words
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Article424 1976-11-05 6 S'pore Govt 5 1/2% Taxable Loan No 2 With A I 197Vlat Dec 1977 (1.000.000) (101 658 101.755) S'pore Govt 5 1/2% Taxable Loan No I With A I 1976/Isth Apr 1978 (1.000.000) (101 628 101 725) S'pore Govt 6 3/4% Taxable Loan No I With424 words
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Article1226 1976-11-05 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. INDUSTRIAL* A. Tap* (0.438). A|irwm*U (1.858 1.918). Altlffl (2.128 2 148) (1)1,226 words
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Page 6 Advertisements
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Advertisement120 1976-11-05 6 TQAGOOO START BIHOI Willi mm PUBUCATIOHS HOMI 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 Act immediately for examination success write in for a free120 words
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Article510 1976-11-05 7 SHARES ruied from steady to firm in selective trading at the Stock Exchange of Singapore yesterday. Trading activity was still very much of a speculative nature and was confined to about a score of issues. Buying was generally light but with some of the late bear-covering510 words
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Article553 1976-11-05 7 THE market recovered some lost ground yesterday as prices firmed under light covering and buying support. Although opening conditions were barely steady, following the decline on Wall Street, shares picked up quickly to move ahead. By the lunch close the market had already established a steadier553 words
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Article1015 1976-11-05 7 NEW YORK: Democrat Mr. Jimmy Carter's election victory over President Ford pushed stock prices broadly lower In active trading on Wednesday. The market (ell sharply in hectic trading In the first hour, but regained some ground as the pace slackened later in the day. Analysts said the first1,015 words
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Article337 1976-11-05 7 JOHANNESBURG: Gold shares closed steady at the higher levels In quiet trade on Wednesday as dealers assessed the result of the US presidential election, market sources said. Nov oa Rand INDUSTRIALS A Alpha Abercom AE And CI AMIC ATI 85 245 IN 785B unch unch unch Bankor Barlows Cg337 words
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Article267 1976-11-05 7 AMSTERDAM: The market on Wednesday closed mostly lower on news of a Carter victory In the US presidential election amid nervous trading on uncertainty over how Wall Street would react to the news, dealers said. NOV «S Fla 47Ahold 81.50 -0.5 Akio 28 70 0 5 A If bank267 words
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Article228 1976-11-05 7 ZURICH: The market fluctuated narrowly on Wednesday, with a continued slightly firmer bias and activity moderately active. Special situation stocks attracted speculative interest, dealers said. The Credit Suisse Index rose 0.6 points to 207.5 NOV M Francs Actions Suisse* 238 unch Alusulsse Br 12A5 -15 Alusulsse Reg 478 I228 words
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Article182 1976-11-05 7 FRANKFURT: Most shares lost up to around two marks on Wednesday after Initial falls following news of Mr. Carter's US presidential election victory were met by some operator position closing, market sources said. NOV M Dm ABO Akao AllxLeben AlU Vers BASF Bay HTWtenk Bay Vbank Bayer BBC BMW182 words
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Article124 1976-11-05 7 MILAN: The market closed on Wednesday irregular with a lower bias In quiet trading, dealers said. Bonds were quietly steady. NOV OS Lire Ante 383 a -7 Assoc Oen ***** -300 Butotf 903 -22 Centra le 7020 -210 Fi*t 1420 -5 Finalder 223 SO 1 Oen Immob 100 SO124 words
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Article224 1976-11-05 7 TORONTO: Industrial share prices on Wednesday were off sharply at the close, depressed, analysts said, by Mr. Jimmy Carter's victory In the US presidential election. Volume totalled 1.57 million shares, up from 1.34 million on Tuesday. Nov n CS Abiubt 11 unch 25* Algoma 22 Bank Mont 15* Bell224 words
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Article118 1976-11-05 7 BRUSSELS: Stocks fell across the board on Wednesday In anticipation of a lower Wall Street trend following the Carter victory in the US presidential elections, bourse sources said. NOV m POKWABO MAUI XT Acec 306 •1 Artiad mo -ISO Attur 1000 *10 BrMCM ¥T) -14 Bru-Lamb 1700 uncb Oinftc118 words
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Article339 1976-11-05 7 SYDNEY: Prices on Thursday were mixed In subdued tridlng, with the market unsettled by lir. Jimmy Carter's' Presidential ElecUon victory, dealers said. Mt Lyvll'i production cut also depressed senUment. The Bydney Ail Ordinaries (ell 0.82 points to 435.30. NOV M Cents INDUSTRIALS A. C. I A. D. C A.N.I339 words
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Article299 1976-11-05 7 PARIS. The market was quietly lower on Wednesday on uncertainty over Wall Street reaction to Carter's Presidential Election victory, dealers said. NOV Fn CORBEILLE Air-Liquid* 322 20 -8 8 B 8 N Gervais Danone sob -19 C S F iThomionCSt) IM SO -4.5 Cle Franchise des Petroles 92 -3299 words
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Article383 1976-11-05 7 TOKYO: The market fell sharply on Thursday amid growing speculation that US presidentelect Mr. Jimmy Carter might adopt protectionist policies, dealers said. The Dow Jones average fell 43.30 to 4,575.74 with volume 140 million shares. The New index closed at 347.16, down 2.30. Reuter. NOV $4 Yen Ajlnomoto 433383 words
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Article260 1976-11-05 7 HONGKONG: The market closed higher on Thursday as trading picked up In the afternoon after ruling quietly easier during the morning, dealers said. Sfc (■htYJ ta Con PAS 4.JO +4U Croat Harb Tunnel to East Asia (fa vt( 5.J0 -0 06 Par East Exch PhlWx 0.1(6 -0.0025 H/8 HoceU260 words
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Article102 1976-11-05 7 MANILA: The market was generally firmer on Thursday, led by minings and oils, with commercials easier, dealers said. NOV to Pesos Acoje Mining At)** Con. A AtluCon B Bagulo Gold BenfuetCon. B BF Goodrich CDCP IncoB Lepento B Marlnduque B Meralco Oriental A Oriental B Phil Over*** Phltex A102 words
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Article81 1976-11-05 7 NOV 04 Bahts Asia Fibre 1206 Bangkok Bank 231 unch Bangkok Invest 1448 Bangkok -Metropolitan Bank Bata 3298 unch Berll Jucker 137 unch Charoong Thai Wire 144 Dumex DusltThanl Father Merlin First Trust Indo-That 1008 ♦6 J And J Ho 142 unch Jalaprathan Cement 70 I Karnasuta LeeKwangMln Metal81 words
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Article706 1976-11-05 7 LONDON. Thurs. The stock market was higher again but profit-taking pared the advance and at 3 p.m. the Financial Times Index was up nine points at 299.3 having touched 302.6. Today's gain was largely attributed to the strength of sterling but continued stock shortage caused disproportionate price movements. Government706 words
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Article97 1976-11-05 7 FINANCIAL TIMES INDUSTRIALS Wednesday 290.3 Tuesday .1 283 6 Week ago 285.3 TIN Wednesday .***** Tuesday .120 14 Week ago .110 95 RUBBERS Wednesday .472.26 Tuesday 47V80 Week ago 505 24 OILS Wednesday 356 33 Tuesday 361 65 Week ago 340.19 DOW JONES AVERAGE INDUSTRIALS Wednesday 056.53 Tuesday 966.0#97 words
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Advertisement97 1976-11-05 7 ccpiipF a BRIGHTER FUTURE in ACCOUNTANCY with 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 Accountants97 words
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COMMODITY REPORTS AND PRICES
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Article733 1976-11-05 8 SENTIMENT In the Singapore rubber market was weak from the opening, following lower London advices and prices eased further on stale bull liquidation, dealers said. Past noon, prices fluctuated within a narrow range but recovered slightly at the morning's close. The morning market closed quiet with November RSS733 words
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Article127 1976-11-05 8 DAILY SSR and SMR prices at noon yesterday R.A.S. Nov. (Current Mtii) Buyers Seller* (cents per kg) Dec. (Forward Mth) Buyers Sellers (cents per k*i DAILY SSR and SMR prices at noon yesterday: SSR 20 (1 -ton Pallet) 189 00 190 008 SSR 50 (1-ton Pallet» 186127 words
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Article238 1976-11-05 8 THE Straits tin price in Penang yesterday fell $7.00 to close at $1,190.50 per picul on an official offering up 16 tonnes to 226 tonnes. In "LONDON on Thursday, tin fell by about £77 for Cash and £81 for Three Months. Values declined on the pre-market under further238 words
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Article30 1976-11-05 8 Rubber: Nov 4. Singapore: Nov. 203.00 cts (down 3.00 cU.) Malaysia: Nov. 209.75 cts. (down 4.00 cts). Tin: $1,190.50 (down $7) Official offering: 226 tonnes (down 16 tonnes)30 words
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Article125 1976-11-05 8 THE following Palm Oil prices w« •re quoted In London on Wednesday The prices are elf Rotterdam and are quoted In US dollars per Ion* ton unless otherwise stated. Wednesday Pre*. Malaysian 5% ffa bulk Dec ♦63 sir 456 sir Jan 463 sir 453 air Sumatra 5* Nov125 words
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Article116 1976-11-05 8 LONDON, Thurs. Lead lost £6.50 per tonne for Cash and £7.25 for Three Months. Further liquidation extended Wednesday's late decline following a continued rally In sterling and a subsequent general decline in base metals and silver. Three Months traded down to £286 per tonne before covering support pared the116 words
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Article245 1976-11-05 8 CHINESE PHODCCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk $72 sellers, old drum $77 sellers, new drum $82 sellers. Copra: Mixed (loose) UK/Cont. $45 buyers. Pepper: Muntok ASTA white f ob 100% NLW $325 sellers. Sarawak white fob 96% NLW $307H sellers. Sarawak special245 words
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Article201 1976-11-05 8 LONDON, Thurs. Copper wlrebars declined by £11.50 per tonne for Cash and l' 10.50 for Three Months. The market continued to lose ground under tired long liquidation which found only modest trade buying around the lower levels. The firmness of sterling and current bearish fundamentals were the main depressants,201 words
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Article335 1976-11-05 8 THE Singapore gold market saw active conditions with a firm price, opening at U*****.00 per ounce and moving throughout the day within 50 cents above that to close at U*****.50 per ounce. The kllobar traded within Ss2s on either side of 559,860. The London morning fixing was U*****.50 compared335 words
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Article109 1976-11-05 8 LONDON, Thurs. Zinc lost mostly £10 per tonne. Values extended the downward trend evident during Wednesday afternoon ring and kerb dealings as further stale bull liquidation and chart selling found negligible scaledown covering support. Three Months traded down to 1375 per tonne prior to final kerb business at 1376.109 words
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Article248 1976-11-05 8 LONDON, Thurs. Terminal opened quietly steady unchanged to £0.35 higher. Sales totalled 234 lots. Dealers attributed an Initial slight decline to steadier sterling but there was very little fresh trading interest and a few scattered buying orders in a thin market proved sufficient to lift values from the lows.248 words
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Article185 1976-11-05 8 CHICAGO, Wed. Wheat futures closed with losses of s'/j to 4'/» cents a bushel. Prices firmed in early dealings on speculative buying stimulated by the election victory of Democrat Mr. Jimmy Carter in expectation that he will raise the wheat price support level and concern over inflation because of185 words
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Article79 1976-11-05 8 CHICAGO, Wed. Soybean futures closed with tosses' ranging from 22- to four cents a bushel. Constructive interpretations of Democrat Mr. Jimmy Carter's election victory were countered by speculative selling prompted by the large amount of beans delivered in the morning. Two million beans were put out by a commercial79 words
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Article198 1976-11-05 8 LONDON, Thurs. Silver fell by 7.2 to 8.2p per troy ounce. The easy overnight New York close, stronger sterling and lower gold all combined as depressing Influences during pre-market and ring dealings this morning. Profit taking and liquidation came to a somewhat over bought situation and Three Months declined198 words
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Article169 1976-11-05 8 LONDON, Thurs. Robusta futures opened £10 to £21 down from Wednesday's close. The January position after trading at a high of £2,160 and a low of £2,150 during the opening call, subsequently traded at around £2,155. Dealers said the initial markdown reflected firmer sterling and New York's performance overnight.169 words
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Article139 1976-11-05 8 BANGKOK, Thurs. Indicative price for rice quoted yesterday were: US dollars per tonne FOB basis Bangkok. Loonzain: Unchanged, Parboiled: Unchanged, Maize: Unchanged. In HONGKONG yesterday. the market was quiet with prices down 20 cents to $5. The day's turnover totalled 275 tons comprising Thais 89 tons, Kwangtungs 116 tons139 words
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MONEY AND EXCHANGES
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Article548 1976-11-05 8 INTEREST rates in the Singapore domestic money market remained steady at its previous levels yesterday. Although the overnight rates moved up by v» per cent during the day from their opening levels, they closed unchanged from the opening of 3'4 to 4 1 per cent. More activity was seen548 words
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Article163 1976-11-05 8 Asian rates ASIAN currency deposit Interbank rates as at close on Nov 4: US Dollar (Spot) Offer Bid Tdavs S1/16 415/18 1 mth S1/8 5 2 mths 5 3/8 51/4 3 mths 51/2 5 3/8 6 mths 513/16 511/16 9 mths 6 57/8 12 mths Sw. Fr». Dm*. (middle price*163 words
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Article154 1976-11-05 8 Euro rates LONDON. Thurs. Period Eurodollar deposits up to six months opened higher reflecting the loss of the Friday dealings technicality, while longer positions and day-to-day rates were unchanged. dealers said. Early trading was fairly quiet though a slightly wanted undertone was seen In some periods, possibly on rollover account,154 words
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Article57 1976-11-05 8 Minimum tending rates (in ACBC 7 Algemene Bon* 7 Bangkok Bank 7to Q| f .r»« Chicago Cit*ank HKStC J 7 714 7 7 7 Bonk of Chino 7V4 Bonk at Tokyo 7 Bonk N#goro 1 ndowM 7Vk Malayan Bank Mitiu. Bonk octc OU6 Chor»or«d Bank 7 UCB UMSC 7V* 7Vi57 words
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Article441 1976-11-05 8 LONDON, Thurs. Sterling firmed in early currency trading following its strong showing in New York, while the dollar made a modest recovery against Continental currencies, dealers said. After early fluctuations in a thin market the pound stabilised Just above the US$l.6l level, up from 1.6070/90 overnight but below levels441 words
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Article305 1976-11-05 8 NEW YORK. Wed. The dollar closed below its Monday close but above lows touched earlier in reaction to the Presidential victory of Democrat Mr. Jimmy Carter, dealers said. New York was closed on Tuesday for Election Day. The win triggered selling on concern that policies of Mr. Carter305 words
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Article89 1976-11-05 8 TOKYO Thurs. The US dollar for overnight delivery closed at 295.25, compared with 295.50 at Tuesday's close, after opening lower at 295.10. The rate touched 294.90 before recovering on sustained strong dollar demand for import settlements. Dollars for Immediate delivery closed at 295.25. compared with 295.20 at the opening89 words
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Article81 1976-11-05 8 HONGKONG, Thurs. Sterling was being quoted around U551.6105/6120 here In late dealings compared with a midday rate of $1.6140/6150. dealers said. Trading in the British currency and the US dollar was generally quiet, with the dollar at HK54.8205/8220, virtually unchanged from the lunchtime level of 4.8210/8220. they noted. HONGKONG81 words
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Article51 1976-11-05 8 AUSTRALIA/NZ exchanges quoted on Nov 4: Australia: Sterling 0.7654/0.7576 US dollar 1.2331/1.2281 Ninety day air mail buying rates: Sterling 0.8036. US dollars 1.2611 Ninety day forward buying rates: Sterling 0.7817, US dollars 1.2170 New Zealand: Sterling 0.5967/0.5932 US dollar 0.9639/0.9539 Ninety day forward rate: Sterling 0.6487. US dollar 051 words
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Article40 1976-11-05 8 ZURICH exchanges quoted on Nov 3: US 2.4355-4365 UK 3.9000-9040 Can 2.5025-5045 W'Germ 101.31-40 Neth 97.06-16 France 48.87-91 Belg 6.59-3/4-60-1/2 Denm 41.46-50 Norw 46.22-26 Swed 57.75-80 Italy 0.2812-2817 Austria 14.26-29 Port 7.76-79 Spain 3.56-1/2 57 Arg 1.25-2.25 Japan 0.82-1/4-82-3/440 words
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Article35 1976-11-05 8 FRANKFURT exchanges quoted on Nov 4: US 2 4065/85 2 4005/20) Can 2 4800/25 UK 3.865/880 Neth 95.70/85 Switz 98.62/77 Italy 2.78/79 France 48.25/40 Norw 45.56/64 Belg Com 6.51/52 Belg Fin 6.42/44 Japan 0.8160/7535 words
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Article318 1976-11-05 8 LONDON. Thurs Eurobonds were mostly a shade easier in quiet trading, dealers said. Mark issues were firm against the general trend in active trading with recent issues gaining around 1/2 point. Dealers reported some demand in first time dealings for Sparkassen Viennahd priced at par. and also interest318 words
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Advertisement165 1976-11-05 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (liulnidually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding Hawaii)165 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration1023 1976-11-05 9 Cathay Pacific Airways takes off to Bahrain on Nov 14. This is a drift from the philosophy CPA has been practising all along to confine route development to the Asian-Pacific region. KUALA LUMPUR. Thurs. Cathay Pacific Airways takes off on Nov. 14 to Bahrain, a1,023 words
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Article, Illustration1529 1976-11-05 9 MICHAEL DONNE - MICHAEL DONNE REPORTS ON PLANS FOR A SECOND GENERATION SUPERSONIC AIRLINER MICHAEL DONNE Financial Times WHEN THE Ministers in charge of the Anglo-French Concorde programme meet in London next Tuesday, they will discuss the longterm possibility of developing a second-generation supersonic airliner, and may authorise preliminaryFinancial Times - 1,529 words
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Article, Illustration368 1976-11-05 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Bunga Raya (0600 after Gudrun Bakke) (Class I on Board) 31/32 King Dragon (0600 22 Manoloeverett (0600) 23/24 Ocean Enterprise (0600 after Loon Mau) 15/16 Rasa Sayang (1400) 42/43 Sovetsk (1830 after San Francisco Maru) 3/4 Vishva Seva (1830 after Centaur) 44 Yamateru368 words
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Article550 1976-11-05 9 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKG PAA PA841 0950 SEO/HNL/ GUM JAL JL712 1000 HLP SIA SQ211 1010 HLP GIA GA980 1030 HLP GIA GA908 1100 MES PAL PR501 1115 MNL KLM KL833 1150 AMS/ATH/ KHI/CMB SIA SQ201 1200 HLP SIA SQ240550 words
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Page 9 Advertisements
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Advertisement149 1976-11-05 9 &C> V m c. s 7S if m < > Ki 1 I ►o< ►n< I Exotic cuisine passionately recommended Luziza Fresh prawns marinated in honey and sour spices from Bikaner. Nuwabi Selected tender cubes of lamb marinated in subtle hot spices. A favourite of the Nuwabs. Harem's joy Tender149 words
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Advertisement209 1976-11-05 9 ID/IGHT HOUDfIV/ The Executive's Travel Agent Suite 102.Cathay Building Mckjnt Sophia Singapore 9 Telephone 3621(22. V. AT V > MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE M s s ASM RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments209 words
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792 1976-11-05 10 HENRY HENRIKSEN - By HENRY HENRIKSEN Reuter AT a time when countries are planning to establish 320 km limits that will squeeze out foreign trawlers, the Soviet Union is facing difficulties over its depleting deep sea fishing stocks. Another threat is the search forReuter - 792 words
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Article513 1976-11-05 10 ANN CRITTENDEN - By ANN CRITTENDEN NYT A NEW study indicates that women did no worse in the job market than men during the recent recession, and in some respects did better. The finding, is a study by the Urban Institute, is contrary to a widespread assumption thatNYT - 513 words
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Article, Illustration1111 1976-11-05 10 CRAIG WHITNEY - A NEW and defiant spirit of independence is beginning to spread among the 17 million people of East Germany, and the communist rulers say they do not know what to do about it. From a score of talks with party members, studentsNYT - 1,111 words
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479 1976-11-05 10 LETTERS TO THE EDITOR SHE article on the front ige of the Business Times on Nov I by Colin Chee contains certain inaccuracies to which we would like to draw your attention. For many years prior to the new legislation booking fees were not479 words
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Page 10 Advertisements
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Advertisement497 1976-11-05 10 Business Management in Penguins THE DEBT *1 TRAP M 'he K» *r«l HOW TO SURVIVE THE SLUMP The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over497 words
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262 1976-11-05 11 Reuter. MANILA, Thurs. Falling sugar prices are causing concern In the Philippines and President Marcos has ordered the Central Bank and the Philippines National Bank (PNB) to study ways of maintaining financial support to the Industry without disrupting the economy. Official sources said theReuter. - 262 words
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554 1976-11-05 11 NYT TOKYO, Thurs. Japan plans to make recycling of wastes compulsory by enacting legislation for all mining and manufacturing industries as well as entire communities. The Ministry of International Trade and Industry is drafting a Bill designed to promote the country'sNYT - 554 words
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323 1976-11-05 11 UPI TEHRAN. Thurs. Mr. Duck Woo Nam, Deputy Prime Minister of South Korea, and Iranian Finance Minister Houshang Ansary yesterday signed a protocol ending the second IranKorea joint ministerial commission. The protocol provided for a series of joint ventures in addition to aUPI - 323 words
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356 1976-11-05 11 AP NICOSIA. Thurs Under a new pact, the Soviet Union will get air and naval facilities in Iraq and provide the Iraqis with US$4 billion (SS9.B billion), worth of advanced warplanes, warships. tanks and missiles. Events magazine reported today. The Arab-owned LondonAP - 356 words
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Article47 1976-11-05 11 AP BELGRADE, (Yugoslavia), Thurs President Tito presided yesterday over the ruling presidium of the Yugoslav Communist Party his first announced official appearance since he underwent medical treatment for a liver ailment in September. The 84-year-old leader has been reported making a successful recovery. APAP - 47 words
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Article271 1976-11-05 11 Reuter PARIS, Thurs. French rice producers have asked the government to press for a rise of at least 30 per cent in the EEC intervention price for rice at the next round of talks In January, a French National Rice Centre spokesman said. Producers say theReuter - 271 words
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Article, Illustration204 1976-11-05 11 AP TOKYO, Thurs, A parlia- mentary committee lodged today an indictment against multi-millionaire businessman Kenji Osano (above) on perjury charges in connection with his testimony on alleged Lockheed Aircraft Corp-bribes in Japan. The budget committee of the Lower House filed the indictment at the ProsecutorAP - 204 words
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178 1976-11-05 11 AP MONTREAL, Thurs. A group of Japanese businessmen, conducting a crosscountry survey of the Canadian economy, has expressed doubts about investing in this country. The mission arrived in Montreal from Toronto on Tuesday and met with government officials and representatives from Quebec Business yesterday.AP - 178 words
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Article78 1976-11-05 11 UPI DACCA, Thurs World Bank President Robert McNamara yesterday praised Bangladesh's achievement in the economic field and assured the country of continued financial support from the World Bank. Speaking to newsmen on arrival at Dacca airport from Rangoon for a threeday visit, Mr McNamara said: "Let me assureUPI - 78 words
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Article60 1976-11-05 11 Reuter HONGKONG, Thurs Vietnam and Sweden have signed an agreement on economic cooperation and assistance for 1976-1977, the Vietnam news agency reported today. It said the agreement was signed In Hanoi yesterday by Vietnamese Deputy Foreign Trade Minister Nguyen Van Dao and Swedish Ambassador Bo JohnReuter - 60 words
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Article34 1976-11-05 11 Reuter MANILA, Thurs. Weathermen today warned ships from sailing in the eastern coastal waters of northern Philippines where Typhoon Louise, with 250 km maximum winds, was swirling In a northwesterly direction. Reuter.Reuter - 34 words
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691 1976-11-05 11 KUALA LUMPUR, Thurs. The Implementation of projects approved by the Federal Industrial Development Authority (Flda) between 1971 and last year has not been very encouraging, according to the Treasury Economic Report. About 2,118 projects or 78 per cent of total projects approved were691 words
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615 1976-11-05 11 THE growth in inland revenue this year and beyond is expected to be more modest. This was indicated in the Inland Revenue Department's annual report for 1975, which stated that with the economy registering a much reduced growth rate in 1975 compared to 1974,615 words
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Article68 1976-11-05 11 Reuter HONGKONG, Thurs North Korean Foreign Minister Ho Dam has held talks in Pyongyang with visiting Minister of Foreign Affairs and Co-operation of Chad. Mr. Kamugue Wadal Abdelkader. the North Korea Central News Agency reported today. The two ministers exchanged views on the further development of friendly andReuter - 68 words
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Article43 1976-11-05 11 UPI TOKYO, Thurs Five Asian nations will stage a five-day exhibition In Tokyo of outstanding South-east Asian furniture, bags and cases beginning on Nov 15. Taking part in the exhlbl- tlon will be Indonesia, Malaysia, the Philippines, Singapore and Thailand.UPI - 43 words
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Page 11 Advertisements
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Advertisement918 1976-11-05 11 fi fa EXCELLENT OPPORTUNmES SUPPLY MANAGER CONTRACT ADMINISTRATOR Americans Australians or Europeans wanted to fill key positions in large aviation maintenance company in Taiwan. Should have following qualifications' "IPPLY MANAGER Extensive d« managerial experience and ability Experience in all functions of a sophisticated aviation supply operation including purchasing Experience in918 words
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Advertisement347 1976-11-05 11 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME WE CHUAN HUP MARINE (PTE) LTD of 166, TYRWHITT ROAD SINGAPORE 8 hereby give notice that in consequence of our intended change of name I have applied to the Registrar of Singapore Ships, under Section 417 of the Merchant Shipping Act (Chapter347 words
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384 1976-11-05 12 THERE Is a current shortage of marine engineers in Singapore and this has been made particularly apparent with the national service commitment of Polytechnic graduates. "Previously," Mr. Das Gupta, head of the Marine Engineering and Shipbuilding Division ofi the Polytechnic, said, "marine384 words
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376 1976-11-05 12 SINGAPORE'S marine industry should start an immediate campaign to sell its know-how throughout the Asean region. Mr G.E. Bogaars. chairman of Keppel Shipyard, said yesterday. The export of our expertise and technological developments, he went on. is an area for which a considerable376 words
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Article226 1976-11-05 12 KUALA LUMPUR. Thurs An Umno MP. Datuk Senu bin Abdul Rahman, today asked the Ministry of Home Affairs, to carry out an immediate investigation into the allegation that the Great Malaysia Line is financed and controlled by the Russians. Datuk Senu. a former Minister and226 words
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286 1976-11-05 12 Reuter. BRISBANE. Thurs. The Queensland Alumina Ltd (QAL) refinery at Gladstone near here ceased production this afternoon due to a strike, managing director Mr. Keith Peterson told Reuters. He said that with the refinery's 240.000 tonnes storage capacity filled, it was no longer physicallyReuter. - 286 words
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Article, Illustration322 1976-11-05 12 OCEAN and Capital Properties, a joint venture between Straits Steamship and Capital and Counties of London, will start a full-scale marketing drive from next Sunday to sell its 140 shop sites in the $70 million Bulut Timah Plaza. Mr. Walter Davies322 words
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Article255 1976-11-05 12 "NEPTUNE Pearl", the ACE Group Container Consortium's latest addition, arrived in Singapore yesterday on her Far East/Europe maiden voyage within the ACE schedule. The 31,000 dwt "Neptune Pearl" was inaugurated into service last month. It was built by IshikawajimaHarima Heavy Industries (IHI) of Japan255 words
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Article60 1976-11-05 12 Reuter ABU DHABI. Thurs. Abu Dhabi will provide Malaysia with a 16 million dirham loan to finance a flour mills project in the state of Sabah. The loan, to be provided under an agreement signed with the Abu Dhabi Fund for Arab Economic Development, will be repaidReuter - 60 words
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Article, Illustration737 1976-11-05 12 NYT WASHINGTON. Thurs. Gulf Oil has disputed publicly a claim by the South Korean businessman Park Tong Sun that he received US$l million (552.49 million) a month from his business relationships with the oil company. The Gulf statement nasNYT - 737 words
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Article405 1976-11-05 12 Reuter LONDON, Thurs. The International Monetary Fund (IMF) intends to pay out its projected US$3.9 billion (559.6 billion) to Britain bit by bit up to the end next year checking all the time on the progress of the British economy, informed sources saidReuter - 405 words
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Article334 1976-11-05 12 Reuter LONDON, Thurs. The UK Government's short and long tap stocks were both exhausted on heavy buying as the market opened this morning, dealers said. The long tap. Treasury 15 1 2 per cent 1998, was sold out at ***** and is now trading aroundReuter - 334 words
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465 1976-11-05 12 Reuter CANBERRA, Thurs. Australia is to spend As2so million (SS7SO million) on new arms and equipment this financial year for its army, navy and air force. Defence Minister Jim Killen told Parliament today. Outlining the expenditure first stage of the government's $12,000 millionReuter - 465 words
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158 1976-11-05 12 Reuter BEIRUT, Thurs. The worst violence to break out in Lebanon since the start of the latest ceasefire two weeks ago erupted in Beirut today. Scores of heavy-calibre shells and rockets smashed into residential districts on both sides of the line dividing the city.Reuter - 158 words
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Article190 1976-11-05 12 Reuter LONDON, Thurs. The parliamentary majority of Britain's Labour Government was seriously threatened today by three byelections in industrial areas where Labour's many supporters were said to be dispirited. Opinion polls in the last two days have shown dramatic swings towards the Oppostion Conservative PartyReuter - 190 words
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239 1976-11-05 12 KUALA LUMPUR, Thurs. Deputy Finance Minister. Richard Ho today called on multi-national corporations to better understand the country's political Aspirations and develop a sense of responsibility towards them. They should not deliberately interfere with the host governments at any level with or without monetary239 words
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Article130 1976-11-05 12 SINGAPORE Carpet Manufacturers (SCM), a member of the Hongkong Tai Ping group, is planning to offer 60 per cent of its equity to local entrepreneurs to aid the company's expansion and diversification. Revealing this at a press conference yesterday. Mr. Anthony Yeh, chairman and managing director130 words
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285 1976-11-05 12 Reuter PEKING. Thurs. Mao Tse-tung's widow. Chiang Ching, and three other leftist radicals accused of plotting a coup are to be put on trial, Chinese officials said today. An Informed source said the officials, speaking to a visiting Finnish delegation, also confirmed thatReuter - 285 words
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Article237 1976-11-05 12 KUALA LUMPUR. Thurs. The National Electricity Board (NEB) and a Canadian engineering firm today signed an agreement for consultancy services for the construction of the $400 million Bersia and Kenering hydro-electric projects on the lower part of Sungei Perak. The agreement provides for a pre-investment study, engineering237 words
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Article180 1976-11-05 12 KUALA LUMPUR, Thurs. Malayan Chinese Association (MCA) .president Datuk Lee San.Choon has described the detention of its chief executive secretary, Mr. Tan Kien Siew. yesterday morning as a "great shock" to him and to the party. In a statement, Datuk Lee said Mr. Tan had180 words
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Article87 1976-11-05 12 THE role of the supervisor in product costing, cost control. cost reduction, output and efficiency improvement will be stressed at the Supervisory Development Module V course organised by the National Productivity Board (NPB). The six-day course, beginning on Nov 29 will be led' by Mr. Lim Hong Guan87 words
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