The Business Times, 6 November 1976

Microfilm: NL8962
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(F) 1455/76 SATURDAY, NOVEMBER 6, 1976 ■".(I CENTS
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  • NEWS SUMMARY
    • Article
      Lock icon Assured of mandate
      79 1 UPI. CAIRO, Frl. The government-sponsored centre wing of the Arab Socialist Union, the nation's only legal political party, won a comfortable majority of seats in a new Parliament and was assured of a mandate to form a Cabinet. Government sources said President Anwar Sadat is expected to
      UPI.  -  79 words
    • Article
      Lock icon National peace-keeper
      105 1 Reuter. BANGKOK, Fri. Thailand's Administration Reform Council (ARC) today approved a Bill authorising the appointment of the military Supreme Commander as the "national peacekeeper." Approval was given during a meeting of the ARC. which is serving as an advisory board to Prime Minister Thanin Kraivichien and temporary legislature
      Reuter.  -  105 words
    • Article
      Border security talks
      66 1 PENANG, Frl. The 21st Malaysia-Thailand general border committee meeting will be held here on Wednesday to review the security situation in the common border region. The Malaysian delegation will be led by the Chief of the Armed Forces Staff, General Tan Sri Ibrahim bin Ismail, while the
      66 words
    • Article
      Lock icon Grain terminal fire
      67 1 AP. KWINANA (Australia), Fri. The world's biggest grain shipping terminal was badly damaged by fire today, officials said. Fire units from nearby Perth and various suburban brigades rushed to the scene and fought the blaze for more than three hours before it was brought under control. Officials
      AP.  -  67 words
    • Article
      Lock icon Rhodesia: Talks fail again
      69 1 UPI. GENEVA, Fri. Rival black and white Rhodesian leaders failed today to set a date for independence under majority rule as the Rhodesia conference adjourned without another meeting being arranged. The four black nationalist delegations stuck to their demands for independence within 12 months while the
      UPI.  -  69 words
    • Article
      Lock icon Typhoon Louise
      71 1 UPI MANILA, Fri. Typhoon Louise, packing peak winds of 240 km an hour, has spared the Philippines and it's veering towards the Ryukyus, the Manila weather bureau said today. In an early morning bulletin, the bureau said Louise was plotted 530 km east south-east of the northern tip
      UPI  -  71 words
    • Article
      Lock icon Dow Jones
      43 1 UPI NEW YORK. Fri. Dow Jones averages, based on first hour of trading today on the New York Stock Exchange: 30 indus 958.11, down 2.33; 20 transp 216.29. up 0.54: 15 utils 98.29. down 0.13; 65 stocks 304.51. down 0.32. UPI
      UPI  -  43 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      167 1 STOCK prices closed lower in generally quiet and selective trading in the Stock Exchange of Singapore yesterday. The market opened steady but weakened thereafter as sellers predominated. At the close, the Business Times inflex dropped 1.07 points to 254.41 while the Straits Times Industrial index slipped 0.49
      167 words
    • Article
      In Kuala Lumpur
      117 1 Falls Most active S.P Textile $1 05 08 Haw Par 286 000 S pore Land $1.62 -.07 Central Sugars 147 000 M. Banking $6.45 -Of Bovis SEA 87 000 Carlsberg $3.02 -<K Pan Eelctric 70 000 Inchcape $2.32 SimeDarby $3.56 U.O.B $3.56 Pan Elect 51.76 Rises 04
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  • Article
    Lock icon Big financial crisis looms over Jakarta
    956 1 UNLESS ACTION IS TAKEN SAY EXPERTS AP. JAKARTA, Fri. Experts here predict that Indonesia will face a massive financial crisis within the next two years, unless the country is able to put together sufficient resources to enable it to cope with the colossal pile
    AP.  -  956 words
  • Article
    'Don't take advantage of US at this stage'
    1050 1 BOTH Dr. H. Kissinger, US Secretary of State, and Mr. Jimmy Carter. Presidentelect. spoke out yesterday to warn the world against taking advantage of America's current political transition. Dr. Kissinger sent a message to all American embassies throughout the world, saying: "No
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  • Article
    Lock icon Goodbody in FT report: This is my position
    278 1 Reuter LONDON. Frt. The Financial Times yesterday said that Mr. Patrick Goodbody. whose extradition is sought by the Singapore Government together with financiers Jim Slater and Richard Tarling. had issued a statement about his position. The paper quoted Mr. Good body as
    Reuter  -  278 words
  • Article
    Knebel takes over
    24 1 WASHINGTON. Frl. President Ford yesterday appointed Mr. John Knebel as Agriculture Secretary until Jimmy Carter assumes the Presidency on Jan 20.
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  • Article
    FOURTH COLOCOTRONIS TANKER IS SUED
    216 1 FOUR tankers belonging to the Greek Colocotronis shipping group are the subject of admiralty suits filed in the High Court of Singapore. The latest filed on Oct 29, is against the 78,000-tonne Crusader Colocotronis. Ishikawajima Harima Heavy Industries (IHI), the Japanese shipbuilding giant, has sued
    216 words
  • Article
    Lock icon Sterling keeps up pace of recovery
    139 1 Reuter. LONDON, Fri. Sterling maintained its recovery on foreign exchanges today, with returning confidence apparently helped by expectations that the British Government will make some further public spending cuts. The Labour Government's loss last night of two by-elections, reducing its overall parliamentary majority to
    Reuter.  -  139 words
  • Article
    TUMBLE AT TOKYO MART CONTINUES
    111 1 TOKYO, Fri. The Tokyo stock market today continued to decline sharply under pressure of massive liquidations triggered by the political unrest with a general election just a month ahead, dealers said. The market average at the morning close fell 60.90 to 4,514.84, or the second
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  • Article
    Carter win a 'threat' to Concorde
    408 1 WASHINGTON. Fri. Jimmy Carter's election victory seriously threatens the Anglo-French Concorde's chances of further exploiting the lucrative Atlantic route after its trial period ends next August, US officials said yesterday. Mr. Carter said in February that the "environmental dangers caused by the Concorde are
    408 words
  • Article
    Probe on funds
    85 1 PARIS. Fri. The French National Assembly has voted to establish a parliamentary commission of inquiry inuj the use of public funds allocated to private and state-firms in the aviation industry. The inquiry will cover the activities of Ste Marcel Dassault Breguet. Ste Na- tional Industrielle Aerospatiale. Snecma.
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  • Article
    Mrs B calls on Lee
    58 1 SRI Lanka Prime Minister. Mrs. Srimavo Bandaranaike, paid a courtesy call on Prime Minister Mr Lee Kuan Yew at the Istana Annexe yesterday. She later left for Kuala Lumpur where she will be meeting the Malaysian Prime Minister Datuk Hussein Onn. The Minister of State
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      49 1 KENTUCKY BOURBON WHISKEY HEAD OF THE BOURBON FAMILY. INSIDE Market reviews/ Overseas Stocks P7 TV A Radio P2 Commodities P8 Overseas News/ T B .n»r« a Foreign Features P3 Communications M Local Co News P4 Foreign Co News P5 Featurell Pl® Local Stocks P6 Local overseas News Pl 2
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    • Advertisement
      Page 1 Advertisements Column 2
      62 1 We are the Rolex people in Singapore Come and see us! If you are thinking of investing in a Rolex, see our fabulous range of fine watches at Eastern Watch Co. OFFICIALLY APPOINTED DEALER 285 South Bridge Road. Tel= *****/***** Ground floor, Peninsula Shopping Centre, Coleman Street. Tel *****9 Ground
      62 words
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      Page 1 Advertisements Column 3
      89 1 See back page. See Page 7 The 8-Year Old Scotch on the heart of the Scottish Highlands, Glenfiddich is distilled in hand' beaten pot stills. Then matured in oaken casks for eight years or more; until it is judged supremely smooth and mellow. Aye, it may cost a little extra.
      89 words
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  • MARKET REVIEW
    • Article
      K Lumpur
      396 2 A SEEMINGLY steadier trend attended trading at the Kuala Lumpur Stock Exchange this week with most shares closing yesterday with on balance gains. This was the first weekly rise in nearly a month and was attributed primarily to covering activities. Despite the gains there continued to be traces
      396 words
    • Article
      Company news for the week ended Nov. 5
      229 2  -  Compiled by RONALD LAM OTHER ANNOUNCEMENTS Haw Par Brothers International has sold its 51 per cent interest in the U.S.A. Arkin Collections Inc. together with its subsidiary. Arkin Inc.. for a nominal consideration. United Overseas Bank has proposed an issue of US$25
      229 words
    • Article
      Lock icon Sydney
      403 2 Reuter SHARE prices performed erratically on the Sydney stock market this week, against a background of uncertain investor sentiment. On opening day, uranium stocks received a severe hammering, after the strong upsurge the previous Friday. Analysts said that the market had now had some time to give the Fox
      Reuter  -  403 words
    • Article
      Lock icon Careful stand on Aussie iron
      253 2 Reuter. SYDNEY. Fri. Japanese steel producers remain cautious about commitments to new iron ore mines in Australia, preferring to seek smaller increases under existing contracts, Bart Ryan, managing director of consolidated Goldfields Australia Ltd. told Reuters. Cons Gold is an equal partner in the Mount
      Reuter.  -  253 words
    • Article
      Singapore
      574 2 THIS week saw fairly active trading In selective issues at the Stock Exchange of Singapore. Most of the contracts were written on speculative account. Being the beginning of a new month and with the Malaysian budget out of the way. speculators appeared more willing to deal, especially among the
      574 words
    • Article
      BEARS SQUEEZE THE SHORTS TO SEND INDEX PAST 300
      1538 2  -  London By IVAN FALLON LONDON: After falling the best part of 100 points in six weeks in the past week the Financial Times index has pulled itself off the floor and rallied right back up through 300. a level which it
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    • Article
      Lock icon BURNS HAS NO PLAN TO QUIT FED
      192 2 Reuter. WASHINGTON. Frl. Mr. Arthur Burns is expected to remain as chairman of the Federal Reserve for at least another 15 months, despite Jimmy Carter's election victory. Sources close to Mr. Burns say they have received no Indication that he plans to resign
      Reuter.  -  192 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      405 2 Heist he-new chid ftjMewage,Jleeeeds theenq|dopaedialoPlodaKßritaiinica3. m The child of today is more involved. More aware. And must learn 50% more than a child 20 years ago. That's precisely why yesterday's reference works can't really satisfy his needs. He needs a totally new system of learning: Britannica 3is that system. The
      405 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      330 2 SINGAPORE 5 1.05 P.M. Opening Announcements followed by Sesame Street 2.00 Saturday Matinee "Amazons of Rome" 0 Starring: Louis Jourdan, Sylvia Syms, Nicole Courcel 3.25 What's My Line 3.45 Soccer Friendly International "Sngapore vs Brazil" (English) (r)° 4.40 Pre-examination Programme (Malay) (r) "Perbincangan Tulang Tulang Berserakan" 5.25 The Rookies "Journey
      330 words
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  • OVERSEAS
    • Article
      Lock icon Economists expect continued stable US money policy
      475 3 NEW YORK, Friday NYT. UNITED STATES monetary policy seems likely to remain stable in the short run despite the sharp and unexpected rise in money supply in the week ended Oct 27, money market economists said. The lull in the recovery shows few
      NYT.  -  475 words
    • Article
      Lock icon American capital outlay to go up
      316 3 Reuter NEW YORK, Fri. American corporations expect domestic capital spending will rise about 13 per cent to U*****.55 billion in 1977 from the U*****.55 billion expected to be spent in 1976, McGraw-hill Publications Co said. In its 23rd annual survey of capital spending expectations,
      Reuter  -  316 words
    • Article
      Lock icon Bank conforms to anti-boycott law
      137 3 Reuter. SAN FRANCISCO. Fri. Bank of America, in a move to conform to a new antiboycott law, said it issued instructions tc all its units no longer to process letters of credit and documentary collections containing boycott language. The move, effective immediately, brings the bank
      Reuter.  -  137 words
    • Article
      Lock icon Brussels threatens to cut off air links with Moscow
      269 3 UPI BRUSSELS, Fri. Air traffic between the Netherlands and the Soviet Union will be halted from Dec 1 unlets Soviet authorities halt discrimination against KLM Royal Dutch airlines, Tjerk Westerterp, Dutch Transport Minister said yesterday. Westerterp served the Dutch ultimatum to
      UPI  -  269 words
    • Article, Illustration
      Lock icon Angry protests are expected as UK applies the squeeze
      821 3  -  By ALAN HARVEY Reuter WHEN Britain swings the axe on public spending, results may range from cold food in top-security jails to fewer paper clips for civil servants. It can also mean homes for old people closing, telephones for the disabled
      Reuter  -  821 words
    • Article
      Lock icon EEC fails to counter Soviet control of shipping
      355 3 BRUSSELS, Friday Reuter EUROPEAN Economic Community transport ministers failed to agree here on a joint approach to counter growing Soviet domination of International shipping. EEC officials said. West German State Secretary Heinz Ruhnau said the EEC shipping industry is under great pressure
      Reuter  -  355 words
    • Article
      Lock icon W. GERMAN RESERVES FALL 700 MILLION MARKS
      103 3 Reuter FRANKFURT, Fri. German net monetary reserves fell 700 million marks to 96.3 billion In the week ended Oct 31, the Bundesbank said. 1 ne Bundesbank said net currency reserves fell 700 million marks to 83.4 billion in the week but non-cur-rency reserves
      Reuter  -  103 words
    • Article
      Lock icon Jobless rate eases
      75 3 Reuter CANBERRA. Fri. Australian unemployment fell to 262,000. or 4.4 per cent pet, in October from 264,000 (same) in September but was above the 247,000 In October 1975, Employment and Industrial Relations Minister Tony Street said. Job vacancies rose to 24,400 from 23,400, and compared with 25,000
      Reuter  -  75 words
    • Article
      Lock icon A slow recovery
      138 3 BRUSSELS, Fri Reuter THE Economics Ministry said in its end-month report for October the economic recovery in Belgium seems to have slowed down, with exports reaching their peak and industrial production only increasing slowly. It said Belgian unemployment figures for October. due out today, will rise and
      Reuter  -  138 words
    • Article
      Lock icon Bonn softens stance on demands for integrated buffer stocks
      275 3 Reuter BONN, Fri. West Germany will propose creation of an international clearing house for key raw materials as an answer to Third World demands for integrated buffer stocks, informed sources said here. This represents a relaxation of West Germany's previous hard-line
      Reuter  -  275 words
    • Article
      Lock icon Study on oil price hike effects
      203 3 Reuter TOKYO, Fri. An analysis made by the Bank of Japan showed that a 10 per cent increase in crude oil prices in December would cause an increase of 0.6 per cent to one per cent in Japan's wholesale prices, bank officials said. According
      Reuter  -  203 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      25 3 the, great n derby KUALA LUMPUR 30th iV: '976 IPOH Bt". \o\ 19 V> SINGAPORE ?otn Vv. ron' ji't I 1 hirrr.llli construction 4-bv"*' equipment
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    • Advertisement
      Page 3 Advertisements Column 2
      268 3 Which bank cut the world down to size, just tor you? We did. Bank oi America. Through our new World Banking Division, we've divided up the world of business into tour, easy-to-manage parts: North America: Latin America; Hurope. Middle Hast and Africa; and the Far hast. With offices in key
      268 words
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  • Article
    Sluggish growth at Malayan Banking
    303 4 THE sluggish recovery in the Malaysian and Singapore economies over the year ended June 30,1976 has left its mark on Malayan Banking. Net profit of the bank for the full 12 months came to M 513.41 million compared with $13.20 million In 1974/75. The figures
    303 words
  • Article
    Haw Par replies
    221 4 HAW Par Brothers International sold the 51 per cent stake in U.S.A. Arkin Collections for a nominal sum of US$lO, according to the company in reply to a Stock Exchange of Singapore query. The secretary, Mr. E. Geoffrey Hall, says the consideration was arrived at on the
    221 words
  • Article, Illustration
    Award for Mr. Tan
    198 4 THE chairman of Malayan Breweries (MBL), Mr. Tan Chin Tuan, was yesterday honoured by the president of Helneken International, Mr. Alfred Helneken, for his 25 years as a director of the Singapore company. A silver beer tankard was presented to him by Mr. J. van der
    198 words
  • Article
    Malayan Cables' scrip issue plan
    211 4 MALAYAN Cables has proposed scrip issue of one-for-two and forecast a higher dividend payment for the current year ending Dec 31, 1976. The company expects to pay a dividend of 10 per cent on the enlarged capital, which is equivalent to 15 per cent on
    211 words
  • Article
    Bumper profit likely for Island and Pen
    632 4 JUDGING from the interim results. Island and Peninsular Development is set to reap bumper profit in the current year. This will be very much in line with the forecast by the chairman, Datuk Yeap. Hock Hoe, made last year when I and P
    632 words
  • Article
    MUI`s venture gets go ahead
    314 4 MALAYAN United Industries' new Joint venture with Fireman's Insurance of Newark. New Jersey of the U.S. has been given the green light by the relevant authorities. The Foreign Investment Committee of Malaysia and the Director-General of Insurance, Malaysia have given the approval for the new
    314 words
  • Article
    PEOPLE IN BUSINESS
    128 4 THE directors of Intraco have announced the resignation of Mr. Loo Slew Poh as managing director as from Dec 31. He will be succeeded by Mr. S. Chandra Da* with effect from Jan 1. Mr. Das joined Intraco on Nov 5. 1968, and has been a director
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  • Article
    DIVIDENDS ANNOUNCED
    323 4 Currant Ex Date Data poyoMo Total far tho year Total far previaua voar MBrmrta 20% Oct. 20 Nov. 6 30% 30% Bata LJataaff 5* Oct. 20 Nov. 8 7.9% 4% K.N.K. 9%+ Oct. 12 Nov. 8 5%+ 15% K.L.KIH— 5* Oct. 12 Nov. 10 5%+ 10% P.M.C. 10%+
    323 words
  • COMPANY MEETINGS
  • Article
    UIC expects a standstill
    193 4 THE current 12 months ending July 31, 1977 is likely to be a standstill year for United Industrial Corporation. Replying to queries raised by the Stock Exchange of Singapore on the proposed scrip issue of one-for-four, the directors say they expect group pre-tax profits to be
    193 words
  • Article
    Lock icon Record earnings for Pioneer
    316 4 Reuter TOKYO. Fri. Pioneer Electronic will report record net non-consolidated income of 11 billion yen for the year ended September 30. 1976 on estimated sales of 160 billion yen. compared with s.Bff billion yen and 108.41 billion yen respectively the previous year, a director. Mr. Masaru
    Reuter  -  316 words
  • Article
    Lock icon Massive jump for China Light
    125 4 Reuter. HONGKONG, Fri. China Light and Power has enjoyed a big Jump of 76 per cent in net profit to HK5157.09 million ($89.2 million) for the year ended Sept 30,1976. With the bullish results, the company has raised the year's dividend payout by 10 cents
    Reuter.  -  125 words
  • Article
    Lock icon Magellan Australia lose claim
    124 4 Reuter NEW YORK, Frl Magellan Petroleum Australia said the administrator of Australia's Northern Territory rejected a claim by the owners of the Mereenle Oil and Oas Field that petroleum leases for the field should be granted out of petroleum licences held by the owners. Magellan Australia,
    Reuter  -  124 words
  • Article
    Lock icon Mitsubishi ends higher
    196 4 Reuter TOKYO. Frl. After-tax profit at Mitsubishi Heavy Industries was 8.95 billion yen (7.22 billion yen) for the first half-year ended Sept 30, 1976. Gross sales was 555.9 billion (525 billion) yen. It is maintaining the dividend at three yen. The spokesman attributed the higher first half
    Reuter  -  196 words
  • Article
    Lock icon Comalco and Alcan have stocks
    96 4 Reuter. SYDNEY, Fri. Comalco and Alcan Australia have sufficient Alumina stocks to keep their aluminium smelters going for some weeks, company spokesmen told Reuters. The Shutdown on Thursday of the Queensland Alumina (QAL).Refinery in Gladstone, Queensland, cut off the sole supply source to Comalco's Bell
    Reuter.  -  96 words
  • Article
    Lock icon P Autonomes
    30 4 Reuter PARIS, Frl. The US$4O 15 year Ports Autonomes Eurobond has been priced at 99 per cent with a hlne per cent coupon, primary bond market sources said.
    Reuter  -  30 words
  • Article
    Lock icon Nissan to buy from Britain
    103 4 Reuter TOKYO, Frl. Nissan Motor said it Is considering buying parts from Brltlan for Its cars for export to Europe to ease growing criticisms of Japanese exports to Europe. It said It sent officials to Britain last month to explore the possibility of buying cloth
    Reuter  -  103 words
  • Article
    Kulim to give details of shares- forland swop
    132 4 SHAREHOLDERS of Kulim (Malaysia) will be sent details on Mondays of the company's massive shares-for-land swop with the Johore State Economic Development Corporation. The deal has now been given the green light by the Malaysian Capital Issues Committee and the Foreign Investment
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  • Article
    CHICAGO BOARD OPTIONS
    1053 4 On November 4 PRICES on the Chicago Board Options Exchange on Thursday advanced, with gainers topping losers 366 to 101. Volume approximated 75.879 contracts, compared with 84,342 contracts on Wednesday. OPTION JAN APL JLY STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Avon Avon
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      98 4 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times Im ludtw 211% discount iui all animal subscriptions By air-freight (Available for Hong Kong and UK only) Hong Kong (daily) United Kingdom (weekly) 86.00 $110.00 $172.00 $220.00 5 ■><§ BUSINESS TIMES
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Nippon Electric sees buoyant year
      281 5 Reuter TOKYO, Fri. The current year ending March 31, 1977 1 is turnine out to be a verv buoyant one for Nippon Electric which has Just reported a 61.9 per cent jump in interim after-tax profit to 3.32 billion yen (2.05 billion yen). And the
      Reuter  -  281 words
    • Article
      Hefty loss for Uniroyal
      140 5 NEW YORK, Fri.;. The 140-day strike by the United Rubber Workers Union caused Uniroyal to plunge into losses in the third quarter of this year. It suffered a loss of US$7.7 million compared with a profit of $4.9 million last time, and this wiped out the
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    • Article
      PUK details bond terms
      94 5 PARIS. Fri. Pechiney Ugine Kuhlmann will ask shareholders to approve a 159.16 million franc issue of convertible bonds with a 115 francs nominal value and 8.5 per cent coupon, the official journal said. The bonds will be convertible into PUK ordinary shares on a one-for-one basis
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    • Article
      Lock icon SEC proposes standard 'disclosures'
      408 5 NYT. WASHINGTON, Frl. The Securities and Exchange Commission, proposing that companies be required to disclose significantly more information about their managements, has suggested that it might be possible to devise a standard by which compensation in all forms of top officials could be readily compared. This
      NYT.  -  408 words
    • Article
      Lock icon C Fruehauf boost
      131 5 Reuter LONDON, Frl. Crane Fruehauf, urging rejection of a 27p per share cash bid from Fruehauf Corp of the US, said it expects pre-tax profit of not less than £1.4 million (£111,000) on sales of £45 million (£33.02 million) in the year to Jan 1, 1977. Net
      Reuter  -  131 words
    • Article
      Sanwa's recovery
      355 5 TOKYO, Fri. After suffering a 17 per cent setbaok < in 1975/76, Sanwa Shutter is i making a strong recovery in i the current year ending Feb 28, 1977. With the building industry picking up in the wake of the economic 1 recovery, Sanwa has 1 reported a
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    • Article
      Mitsui
      61 5 TOKYO, Fri. Mitsui Shipbuilding and Engineering suffered a setback of 27.7 per cent in after-tax profit to 3,986 million yen (5,512 million yen) for the first half-year ended Sept 30. 1976. Gross sales were practically unchanged at 158.63 billion yen compared with last time's 158.3 billion yen. Despite the
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    • Article
      Lock icon Dunlop (A) expects difficult period
      206 5 Reuter MELBOURNE, Fri. Dunlop Australia chairman, Sir Robert Blackwood said it may be difficult to exceed last year's earnings in the current year despite an increase in first quarter profits. The first-quarter rise was less than the rate of inflation and there was no sign
      Reuter  -  206 words
    • Article
      General Dynamics profit jump
      129 5 NEW YORK, Fri. The profit improvement at General Dynamics in the current year has accelerated in the second six months, with third quarter net earnings rising by 42.2 per cent to U5524.53 million ($17.26 million). This follows a mid-term increase of only 16.8 per cent and
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    • Article
      Lock icon Insurance borrowings in the US on the rise
      641 5 NYT NEW YORK, Fri. Many more individuals are borrowing against the cash value of their life Insurance policies in what is apparently often a sophisticated effort to turn a profit on interest spreads. In the year ended last Aug 30, according to
      NYT  -  641 words
    • Article
      Lock icon Perstorp waits for change
      885 5  -  By Anthony Moreton FT WHEN Perstorp bought Wareite from BXL on Sept 1 It immediately pushed up its share of the British market for decorative laminates from five per cent to 21 per cent. More important to this Swedish company, it gave itself a firm base
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    • Article
      Lock icon Nippon Mining achieves turnround
      307 5 Reuter TOKYO, Fri. Nippon Mining has achieved a turnround in the current year, with an after-tax profit of 1.74 billion yen for the first six months ended Sept 30. 1976. In the previous corresponding period it suffered a loss of 1.85 billion yen. Gross sales rose
      Reuter  -  307 words
    • Article
      Lock icon Hutchison clarifies
      69 5 Reuter HONGKONG. Fri. Hutchison International's chief executive Mr. Bill Wyllie, said the company was not in a position yet to make any announcement on a possible bid for Wheelock Marden. "We simply don't have the material available for a full assessment of the company." he told Reuters. Mr.
      Reuter  -  69 words
    • Article
      Lock icon CFP setback
      236 5 Reuter PARIS, Fri. Net consolidated income at Cie Francaise des Petroles fell from 198 million francs to 191 million francs for the first half-year ended June 30. 1976. This was despite a sales rise from 18.87 billion francs to 22.68 billion francs. Group share of the net income
      Reuter  -  236 words
    • Briefly
      • Article
        Hoover setback
        61 5 LONDON, Fri. Hoover has suffered a big setback in the first half-year ended Sept 30, 1976, with pre-tax profit taking a 47 per cent dive to £7.74 million (£14.62 million) on a marginal sales drop to £122.77 million (£124.39 million). Tax was £4.28 million (£7.95 million), leaving £3.47
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      • Article
        Lap Heng
        55 5 LONDON, Fri. Lap Heng. Hongkong-based maker and distributor of clocks and watches, said it will offer 33p per share for Ingersoll group of the UK, valuing the company at around £880.000. Lap Heng said it intends to expand the acitivities of Ingersoll's watch division. The offer is subject
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      • Article
        HK Electric
        93 5 HONGKONG. Fri. A spokesman for Hongkong Electric (Holdings) declined to comment on stock market rumours that it is shortly to make an announcement concerning the site of its generation station in the Hongkong island district of North Point. He said the position had not changed from that stated
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      • Article
        Tootal
        26 5 LONDON. Fri. Tootal announced the creation of a subsidiary in Hongkong called Tootal (Asia) Ltd to explore opportunities for further investment in manufacturing and trading.
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      • Article
        Ralston Purina
        125 5 NEW YORK, Fri. Weighed down by foreign exchange losses resulting from the Mexican peso devaluation. Ralston Purina was only able to rise fourth quarter net profit by 9.6 per cent to US$3O.7 million ($2B million) on a sales increase of 16.8 per cent to $929.4 million ($795.7 million).
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      • Article
        A Motors
        48 5 DETROIT, Fri. American Motors Corp plans to temporarily close its main assembly plant In Kenosha. Wis. for the weeks beginning Nov 8 and Nov 22 to balance field investories. a company spokesman said. He said the action will result in temporary layoffs for 8.400 hourly employees.
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      • Article
        ARCO budget
        70 5 NEW YORK. Fri. Atlantic Richfield Co plans capital spending of US$B.7 billion over the next five years, including $3.6 billion for developing Alaskan north slope oil and gas and other reserves and for oil exploration, president, MR. Thornton F. Bradshaw, said. He told analysts that revenues of the
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      • Article
        General Telephone
        67 5 STAMFORD. Conn., Fri. General Telephone and Electronics said it plans to sell five million shares of common stock. The company said the underwriting group will be managed by Paine, Webber, Jackson and Curtis Inc and Dean Witter and Co Inc. Proceeds will be used primarily for reduction of
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      • Article
        NYSE
        45 5 NEW YORK. Fri. A New York Stock Exchange committee recommended the floor of the Exchange be open on a fee basis. in addition, the committee concluded that access to the floor ought to be increased by no longer limiting existing membership to 1,366 members.
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      • Article
        World Bank
        63 5 NEW YORK. Fri. The International Bank for Reconstruction and Development (World Bank) said it plans to make a public offering of US$25O million in 10-year notes, due Dec 1, 1986. and $250 million in 25-year notes, due Dec 2001. It said the offering, expected to be made in
        63 words
      • Article
        Lock icon TOYOTA'S U.S. SALES TARGET
        243 5 Reuter NAGOYA. Fri Exports of Toyota vehicles to the US will reach half a million units a year within two or three years, but this will be the limit, Mr Teizo Yamamoto, vice president of Toyota Motor Sales, said. He told a press conference that if
        Reuter  -  243 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      96 5 A wealth of answers to scientific phenomena LIFE SCIENCE II it it \in A A thousand questions you've asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular
      96 words
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  • Article
    Share Information Service
    1931 6 SECTION ONE INDUSTRIALS 1976 High Low Company Laat Sale +orGr'» div Div c'vr Gr's yw P/E Vol C000) Day High Low 250 206 100 237 186 402 170 172 60 185 66 254 Acma Alcorn Allied Choc Bata Ben Boustead 176 206 68 210 69 324 susp
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  • Article
    Transactions in Singapore
    1335 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 work Sett." Big Board
    1,335 words
  • Article
    Unit trusts
    167 6 SINGAPORE L'NIT TRl'ST INCOME BOND L'NIT I Xiniirr prim for Nov 8> (Current riccol The Commerce 1.71 1.81 INCOME BOND 1.07 1.13 The Saving Fund 0 98 1.03 S'pore Prog Fund 0 81 0 86 MARA BL'MIPITRA FIND S pore Security Fund S'pore Invest Fund 1 28 1.35
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  • Article
    Government and corporate bonds
    416 6 S'pore Govt 5 1/2% Taxable Loan No 2 With A I 1975/lat Dec 1977 (1.000.000) (101 658 101.755) S'pore Govt 5 1/2% Taxable Loan No I With A I 1976/15 th Apr 1978 (1.000.000) (101 628 101. OSS) S'pore Govt 6 3/4% Taxable Loan No I
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  • Article
    In Kuala Lumpur
    1226 6 BID and offer prices officially listed and business in and reportwJ to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lost of 1.000 units unless otherwise specified. INDUSTRIAL* Aama (I.71B). AJinamota (1.81B). Aicam (2 138 2.145) (X) 2 12
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      Page 6 Advertisements Column 1
      254 6 m. 'mi -'t' A# Pi fv-i-V ..^rafcjtiQrae t J ->- *>•* as B* < gfia A* i 3&>, S@ f -'V' 'Y IS^taS WM ">* *1 1 V:i I <r 'r-U fitesj wwm WmsrtLi l£w zml. vYi f*K 3PHSH slm ,4 L Alex Josey has long been an observer, recorder
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  • Article
    Shares end easier
    537 7 GENERALLY quiet conditions prevailed in selective trading at the Stock Exchange of Singapore yesterday. A steady opening market proved too weak to sustain as sellers made the scene in numbers. After the first hour of trading buyers tended to quote at lower levels and in some cases
    537 words
  • Article
    Trading in KL ends easier
    598 7 GENERALLY easier conditions prevailed on the Kuala Lumpur stock market yesterday with prices taken marginally lower under scattered selling. Trading was thin and quiet throughout and was mainly atrributed to routine squaring account and light liquidation by the weaker holders. The lack of interest to
    598 words
  • WALL STREET AND OTHER OVERSEAS MARKETS
    • Article
      New York
      1102 7 NEW YORK: Second thoughts by investors about the implications of a Jimmy Carter presidency helpted push stock prices broadly higher on Thursday before late weakness trimmed Dart of the gain More than 1.100 stock exchange issues pointed higher, while less than 400 declined. The Dow Junes industrials 3.91
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    • Article
      Sydney
      435 7 SYDNEY: The market closed mixed on Friday with the market still assessing Mr. Jimmy Carter's victory in the US presidential elections, dealers said. The Sydney All Ordinaries fell 0.14 point to 435.22. Uraniums, however, firmed on the positive outcome of the US referendum over nuclear resources, with Pancontinental rising
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    • Article
      Paris
      334 7 PARIS The market was mixed on Friday with an easier bias due to the expected rise in the retail prices of chocolate, cocoa, and petrol, dealers said. NOV <M Frs COKBKII.I.F Air-Liquide 324 30 ♦2.1 B S N Gervais Danone 499 -7 C SF (Thomson Csl) 158 1.5 Cie
      334 words
    • Article
      Jo'burg
      333 7 JOHANNESBURG: Gold shares on Friday traded quietly easiei in the afternoon, dealers said. NOV 114 Rand IMHSTRIALS A Alpha 83B Abercom 245 unch At" And CI 180 unch A MIC 765B unch ATI Bankor Barlows 262 unch I'c Sugar 565 5 CNA 150 -10 Carrie finance 42 1 lie
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    • Article
      Zurich
      214 7 ZURICH: The market closed generally slightly higher on Thursday In selectively active trading. The Credit Suisse index rose 04 points to 207.9. NOV IM Francs A t ions Suisses 23# unch AlusuisseBr 1255 -10 Alusuisse Keg 478 unch Brown Boveri Br 1515 ♦5 Ciba Oeigy Br 1310 10 CIlM
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    • Article
      Hongkong
      493 7 HONGKONG: The market closed very firm on Friday with the Hang Seng Index rising above 400 for the first time since Oct Bon fairly strong and widespread support, particularly for utilities, dealers said. The Hang Seng Index closed at 401 04 up 6 52. Turnover on the four exchanges
      493 words
    • Article
      Frankfurt
      204 7 FRANKFURT: Shares were higher on institutional buying on Thursday, with news of the jump in German unemployment figures for October having no marked effect, dealers said. NOV IM Dm AEG 81 70 1.1 Akzo AllzLeben AllzVers BASF 146 70 ♦3.5 Bay H T Wbank Bay Vbank Buyer 126 50
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    • Article
      Toronto
      226 7 TORONTO: Western Oils climbed nearly three points on Thursday and most interlisted industrials had recouped Wednesday s losses at the close of moderate trading on the Toronto market. NOV IM C$ Abitibi 10*. •S Alcan 25'. -s Altoma 22 unch Bank Mont 15'. unch Bell Tel 49\ Beth Corp
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    • Article
      Tokyo
      394 7 TOKYO: The market declined sharply across the board on massive liquidations triggered by political developments, dealers said. The Dow Jones average lost 53.59 to 4.522.15 with volume 170 million shares The New Index closed at 344 00. down 3.16. NOV IIS Yen Ajinomoto 422 -10 Altai 405 4 AsahiChem
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    • Article
      Brussels
      126 7 BRUSSELS: Domestic prices on Thursday closed mixed after Thursday's falls in quiet thin trading, market sources said. Dealers expected a turn-round in Wall Street now the result of the US Elections has been digested. NOV (M Frs forward market Acec 303 -2 Arbed 3275 -5 Aslar 996 -4 Brascan
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    • Article
      Amsterdam
      264 7 AMSTERDAM: Shares advanced on Thursday on lack of the generally expected reaction to Mr Carter's election victory, dealers said Dutch internationals featured gains. NOV IM FIs Ahold 81 50 unch Akzo 28 60 I.» Algbank 278 00 ♦0.5 AMEV 49 00 +0.8 Am fas 78 20 -1.3 Amrul Bank
      264 words
    • Article
      Bangkok
      82 7 NOV US Bahts Asia Fibre 1188 -2 Bangkok Bank 231 unch Bangkok Invest 144 Bangkok-Metro-politan Bank Bala Berli Jurker 156 -1 Charoong Thai Wire 143 -3 Lluinex Dusit Than! Faber Merlin Firsl Trust Indo-Thai 170S -20 J And J Ho 141 -1 Jalaprathan Cement 70 unch Karnasuta Lee Kwang
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    • Article
      Manila
      103 7 NOV 115 Pesos Acoje Mining 0145 unch Atlas Con A 32 00 1.5 Atlas Con B 32 25 1.5 Bagulo Gold 0135 ♦0 001 BenguetCon B BK Goodrich CUCP IncoB 0078 -0 0027 Lepanto B 11 ♦a 005 Mannduque B 7 50 0 45 Meralco 3 50 unch Oriental
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    • Article
      Milan
      14 7 MILAN: The market was closed on Thursday for First World War. victory dav.
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    • Article
      London
      713 7 LONDON, Frl. The stock market closed firm after a moderately active session with stronger sterling still Influencing sentiment, dealers said. Light profit-taking trimmed gains but at 3 pm the Financial Times index was up 4.5 at 315.6. Government bonds showed net advances following terms of the two new "tap"
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    • Article
      Indices
      105 7 FINANCIAL TIMKS INIH STKIALS Thursday 301.1 IMncatiy 290 3 Week atj<> 270.5 TIN Thursday 118 66 Wednesday 118.96 Week ;ir<) 121 49 K1KKKKS Thursday 477 60 Wednesday 472 26 Week ago 511 80 tHI.S Thursday 362.61 Wednesday 356.33 Week ago 345.59 DOW JONL> A\ KKA<«K INmsTKI\l> Thursday 960.44 Wednesday
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  • COMMODITY REPORTS AND PRICES
    • Article
      Rubber market
      692 8 THE Singapore rubber market opened lower In line with lower overseas advices, but turned steadier on shortcovering, dealers said. Trading in forwards and physicals was very slack, they said. The morning market ended quiet with November RSS one buyers Quoted at 203.00 cents per kilo, unchanged from Thursday's
      692 words
    • Article
      SSR and SMR
      122 8 DAILY SSR and SMR prices at noon yesterday R.A.S. Nov. Dec. (Current Mth) (Forward Mth) Buyer* Sellers Buyers Sellers (cents f wr kg) (cents >erk() SSR 20 (1—ton Pallet) moo 190 00S 189.00 191 OON SSR 50 U—ton Pallet) 185 00 187.50S 186 50 188 50N M.R.fc.L.B.
      122 words
    • Article
      Straits tin
      176 8 THE Straits tin price In Penang yesterday rose 12.6 2 to close at $1,203.12'4 per picul on an official offering up 56 tonnes to 282 tonnes. In LONDON on Friday, Tin advanced by about 166 per tonne for Cash and 148 for three months. Some selling against currency
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    • Article
      Closing prices
      28 8 Rubber: Nov 5 Singapore: Nov. 203.00 cts (unch.) Malaysia: Nov. 208.75 cts. (down 1.00 cts) Tin: $1,203.12'* (up $12.62'*) Official offering: 282 tonnes (up 56 tonnes)
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    • Article
      Zinc
      75 8 LONDON, Fri. Zinc gained fully 17.25 per tonne for Cash and t!6 for three months. Recent sharp price losses attracted some European physical offtake and this coupled with the general buoyancy in base metals contributed to the re- covery from Thursday s low levels. Three Months traded up to
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    • Article
      Lead
      51 8 LONDON, Fri. Lead rose by about 16.25 per tonne for Cash and L 5.50 for Three Months. Some of todays buying was sparked off by continental physical en- quiry dealers said. Three Months traded up to 1294.50 in the ring and to 1296 on the kerb. Sales were 1,050
      51 words
    • Article
      Palm oil
      120 8 THE following Palm Oil prices were quoted In London on Thursday The prices are cif Rotterdam and are quoted In US dollars per long ton unless otherwise stated Thursday Prev Malaysian 5% ffa bulk Dec 458 sir 463 sir Jan 455 sir 463 sir Sumatra 5% Nov unch
      120 words
    • Article
      Produce prices
      283 8 CHINESE PRODUCE EXCHANGE. SJNGAPORE NOON CLOSING PKICES PER PICL'L YESTERDAY. Coconut Oil: Bulk *72. sellers old drum $77 sellers, new drum $82 sellers. Copra: Mixed (loose) UK/Cont. $45 buyers I'l Pfx-r: Muntok ASTA white fob 100 NLW $325 sellers. Sarawak white fob 96% NLW $307 1 1 sellers.
      283 words
    • Article
      Gold
      321 8 FOLLOWING the rise in New York the Singapore gold market opened higher at U*****.50 per ounce. In light trading the price moved up to $125.75 and then drifted to close at $125.25. The kilobar at one time touched Sslo.ooo but quickly retreated to $9,950 where it closed. The London
      321 words
    • Article
      Copper
      219 8 LONDON. Fri. Three Months recovered on short covering from a pre-mar-ket low of 1815 per tonne to trade up to CB2l in the ring and at 1827 on the kerb prior to final trade at i 825. Profit taking and trade selling was well absorbed on the scale-up. Sales
      219 words
    • Article
      Silver
      114 8 LONDON. Fri. Silver advanced by between 4 and 3p per troy ounce. The initial mark-up on the pre-market against Thursday's New York close was eroded by scattered liquidation on currency considerations. But short covering and some fresh buying in the ring prompted by the general trend took Three Months
      114 words
    • Article
      Rice
      147 8 BANGKOK. Fri. Indicative prices for rice quoted yesterday 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 $7. The day's turnover totalled 354 tons comprising Thais 102 tons. Kwangtungs 170 tons
      147 words
    • Article
      PRICES DROP IN QUIET TRADING
      411 8 Alter steadier conditions at the outset, the week saw an overall decline of some five cents in trading which continued to be quiet with turnover on the low side said Holiday, Cutler and Bath in its weekly rubber review. Initiative was generally lacking and the
      411 words
    • MONEY AND EXCHANGES
      • Article
        Singapore
        527 8 STERLING held strongly in early trading yesterday at the US$l.63 level against the US unit amidst news that the EEC countries might bail Italy out of its hefty debt with Britain. At the same time, sterling's rally, though small, was helped by inflation fears, arising out of Mr. Carter's
        527 words
      • Article
        Asian $ rates
        184 8 Asian rates ASIAN currency deposit interbank rates as at close on Nov 5 US Dollar! Spot) Offer Bid 7 days 5 1/16 415/16 1 mth 5 1/8 5 2 mlhs 5 3/8 51/4 3 mths 51/2 5 3/8 6 mths 5 7/8 5 3/4 9 mths 6 57/8 12 mths
        184 words
      • Article
        Euro $ rates
        232 8 Euro rates LONDON, Fri. Eurodollar deposits opened steady with movements minima) in early and rather light trading, dealers said. They cited a lack of general interest with rollover demand light today, and trading generally in line with customary quiet preweekend conditions. The increase in US money supply announced on Thursday
        232 words
      • Article
        Minimum lending rates (in %)
        59 8 Minimum lending rates (in ACBC 7 Aigemene Bank 7 Bangkok Bank 7V» Bank of America 7 Bank of dhlna iVt Bank of Tokyo 7 Bank Negara Indonesia 7'/, Citibank 7 HKSBC 1% Indosuez 7 Malayan Banking 7 Mitsui Bank 7 OCBC 7 OUB 7 Chartered Bank 7 Chase Manhattan 7
        59 words
      • Article
        London
        379 8 LONDON. Fri. Sterling opened firm, strengthening to around U551.6350, one cent above its New York close, dealers said. They reported fair demand for the pound with the dollar correspondingly strong against Continental currencies. Hopes that the UK Government will announce budgetary measures soon are still underpinning sterling, although it
        379 words
      • Article
        New York
        172 8 NEW YORK. Thurs. The dollar and sterling closed higher in New York. The former reversed losses made following democrat Mr. Jimmy Carter's Presidential election victory and the latter gained one cent on the day, dealers said. The slower rise in US wholesale prices in October than September helped
        172 words
      • Article
        Tokyo
        85 8 TOKYO, Fri. The US dollar for overnight delivery closed at 295 yen, down from 295.30 at the opening and 295.25 at Thursday's close. Dealers said the US currency initially firmed on covering for import settlements early next week before easing as traders, attracted by the higher level. sold forward
        85 words
      • Article
        Hongkong
        126 8 HONG KONG, Fri. Sterling was being quoted at U551.6295/6305 around midday, above the New York close of $1.6260/6280 and London's $1.6255/6275, dealers said. They reported some position covering following the stronger performance by the British currency on Thursday. The outcome of the British by-elections only slightly influenced the rate
        126 words
      • Article
        Treasury bills tender
        128 8 RESULTS of Treasury bills tender held on Nov 5 for 91-day 182-day 273-dav and 964-day Bill* 7 7 91-day Bills to be issued from 8th 182-day Bills 273-day Bills 364-day Bills November to to be issued to be issued to be issued 12th November on 8th on
        128 words
      • Article
        Australia/NZ
        51 8 AUSTRALIA/NZ exchanges quoted on Nov 5: Australia: Sterling 0.7600/0.7522 US dollar 1.2327/1.2277 Ninety day air mail buying rates: Sterling 0.7970. US dollars 1.2607 Ninety day forward buying rates: Sterling 0.7713. US dollars 1.2003 New Zealand: Sterling 0.5917/0 5882 US dollar 0.9664/0.9564 Ninety day forward rate: Sterling 0.6398. US dollar
        51 words
      • Article
        Zurich
        41 8 ZURICH exchanges quoted on Nov 4: US 2.4447-4457 UK 3.9955-4.0025 Can 2 5080-5100 Germ 100.87-96 Neth 96.61-71 France 48.99-49.04 Belg 6.57-3/4-58-3/4 Denm 41.20-24 Norw 46.03-07 Swed 57.44-49 Italy 0.2824-2831 Austria 14.20-23 Port 7.75-78 Spain 3.57-1/4-57-3/4 Arg 1.25-2 25 Japan 0.82-1/2-83
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      • Article
        Frankfurt
        33 8 FRANKFURT exchanges quoted on Nov 5: US 2 4215/30 2.4190/4200) Can 2.4811/33 UK 3.960/975 Neth 95.80/95 Switz 99.10/25 Italy 2.79/81 France 48.50/65 Norw 45.59/62 Belg Com 6.51/52 Belg Fin 6.45/46 Japan 0.8194/8200
        33 words
      • Article
        Eurobond prices
        334 8 LONDON. Fri Eurobonds were mixed in generally quiet trading, dealers said. Mark issues continued firm in moderate activity, and Girozentrale Sparkassen Vienna seven pier cent 1981 traded around loo 1 101-1/4 (100-1/2 101). Dollar bonds were mixed with some delaers reporting falls of up to 1/4 after news
        334 words
    • Article
      Coffee
      122 8 LONDON, Fri. Robusta futures opened strong C 65 higher compared to Thursday's close. Volume totalled 743 lots. At the opening call new life of contract highs were established in all positions except spot Nov and distant Nov. Jan's new contract high was 12,240 compared to previous high of 12.230
      122 words
    • Article
      Sugar
      167 8 LONDON. Fri. Terminal opened very steady 1'2.55 to 113.10 above Thursday's close in sales of 768 lots. Dealers said short-cove-ring was prompted by Thursday's steadier kerb trend and the strength of other soft commodities which seem to be ignoring the continued advance of sterling. Also in the background was
      167 words
    • Article
      Soybeans
      80 8 Soybean product futures closed with good gains on speculative support. Meal prices were up US$3.7O to $2.50 a ton and oil prices advanced 0.58 to 0.25 cent a lb. Speculative buying was generated by advances in soybean futures and also represented a technical correction against Wednesday's losses. Some oil
      80 words
    • Article
      Wheat
      98 8 CHICAGO. Thurs Wheat futures closed with gains of 2-1/4 to one cents a bushel after trading within a fourcent range in light dealings. Wednesday's decline, which dropped prices around five cents a bushel and took them within a few cents of seasonal lows, was halted on speculative buying. Strength
      98 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      192 8 If you do business with China, you need this Guide to the Chinese Export Commodities Fair. Only 100 copies available at $5/- each. Send this coupon now for yours. From humble beginnings in 1957, the Chinese Export Commodities Fair (popularly known as the Canton Export Commodities Fair) has grown to
      192 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article, Illustration
      Lock icon A DRY DOCK FOR WEST ASIA
      1283 9  -  THE MULTI-MILLION DOLLAR PAN-ARAB PROJECT LOOKS SET FOR OPERATION NEXT YEAR By JOHN WYLETS Financial Times. THE FIRST Pan Arab industrial venture, the Arab Shipbuilding and Repair Yard (ASRY), looks set to start operations in the second half of next year; some nine years
      Financial Times.  -  1,283 words
    • Article
      Lock icon NY car insurance mart approaching a freeze
      620 9  -  By FRANCIS CERRA NYT. SOME of the largest car insurers have stopped writing policies in New York state, and others are now accepting only a small fraction of applicants, despite higher rates that state officials approved to encourage the companies to take on
      NYT.  -  620 words
    • Article, Illustration
      IN PORT
      302 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Balong (1930 after Black Whale L Nikkei Maru 3) 6/7 Bunga Setawar (1500 subject Free Board) 19 Kunak (1) (1200) 25 Kunak (11) (1700 shifts) 20 Nordhausen (after Atreus sails) 38/39 Ocean Harmonla (1800 after Ocean Enterprise) (Departure Draft not to exceed 10m)
      302 words
    • Article
      Lock icon Shipping: UK Govt to give more support
      187 9 Reuter LONDON, Fri. The UK Government is prepared to play a more positive role In support of the shipping Industry, UK Secretary of State for Trade Edmund Dell said. He told the annual dinner of the General Council of British Shipping (GCBS) this
      Reuter  -  187 words
    • Article
      Hongkong drive in Bahrain
      111 9 BUSINESS, banking, exports, tourism and travel will be the highlights of the blggest-ever promotion of Hongkong mounted in West Asia following the inauguration of Cathay Pacific's thrlce-weekly services between Hongkong and Bahrain on Nov 16. The week-long Hongkong promotion to be held at the Bahrain Hilton
      111 words
    • Article
      SAS traffic up 8 pc
      58 9 SCANDINAVIAN Airlines recorded an eight per cent increase in scheduled traffic for its financial year ended September, 1976 to 1.131 million revenue ton-kilo-metres. The carrier showed increases for passengers carried by seven per cent to 7,045,000, for overall air cargo traffic by five per cent
      58 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      565 9 ARRIVALS Service Loca Operator Number Time From SIA SQ061 0005 HKG CAL CI333 0040 TPE/HKG/ KUL JAL JL712 1000 HLP CAL CI814 1000 HLP SIA SQ211 1010 HLP OIA GA980 1030 HLP CPA CX710 1030 HLP THAI TG423 1035 BKK GIA GA908 1100 MES SIA SQ201 1200
      565 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      110 9 FOR SALE USED GENERATING SETS ENGLISH ELECTRIC MODEL 12CSV 1000 KW, 6600 VOLTS, 3 PHASE, 50 CYCLES, 750 RPM, COMPLETE WITH SWITCH PANEL, ft THREE UNITS AVAILABLE FOR FURTHER DETAILS WRITE TO: CHUAN HUAT ENGINEERING (PTE.) LTD. 23. TYRWHITT ROAD, SINGAPORE 8 BARGE DECK CARGO SPACE AVAILABLE EARLY DECEMBER. DELIVERIES
      110 words
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      Page 9 Advertisements Column 2
      205 9 in/IGHT HOLIDAY/" The Executive's Travel Agent Suite 102.Cathay Building Mount Sophia Singapore 9 Telephone *****2. v! AT V i m MONTHLY ECONOMIC REPORTS With monthly political tupplomont for UP-TO-DATE HANDY REFERENCE f U KHEZIM ASIA RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest
      205 words
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  • Article, Illustration
    LOOKING FOR THE MERCHANT BANK BONANZA
    1973 10  -  By COLIN CHEE IN JULY this year. Wardley became the 22nd merchant bank to be approved by the Monetary Authority of Singapore (MAS). It came two months after approval was given to Morgan Grenfell (Asia), a breakaway from the now defunct Indo Suez and
    1,973 words
  • Article
    WHAT CAN YOU BUY FOR $45 BILLION?
    1040 10  -  Venezuela is trying to use its great flood of oil money to create a better life for its people. But even after spending US$lB billion (Ss4s billion), the country is still finding this an uphill battle. It is easier to spend money than
    1,040 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      701 10 APPOINTMENTS CAREER OPPORTUNITIES FOR DYNAMIC YOUNG MEN A rapidly progressing multi-national corporation with present work-force of 600 requires: ENGINEERS THE CANDIDATE: Holder of a recognised degree in electrical/ mechanical engineering. Above 25. Min. 5 years engineering experience preferably in a large organisation. Able to control and supervise field staff. THE
      701 words
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      Page 10 Advertisements Column 2
      504 10 U S Manufacturing Company has open position for Q. A./ENGINEER The candidate should possess professional degree in Electronic/ Electricol Engineering or B. Sc. (General Physics) preferobly with a year's experience in related work. Diploma Holders with 2-3 years experience in similar capacity will also be considered. Preference will be given
      504 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      451 11 Important reading for all businessmen -X 0 i i a w i W:, 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 Few people place their
      451 words
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  • Article
    Lock icon Britain seeks large first payment from the IMF
    442 12 Reuter LONDON, Frl. The British Government is likely to ask the International Monetary Fund (IMF), to make available a large initial tranche of any loan negotiated to ensure the UK's official reserves stand at US$5 billion (5512.2 billion), or more when the
    Reuter  -  442 words
  • Article
    Lock icon Bank governors expected to discuss sterling
    263 12 Reuter. ZURICH. Fri. Central bank governors meeting at the Bank for International Settlements next Monday and Tuesday are expected to discuss the recent weakness of sterling on foreign exchange markets and may consider the need for further international aid to Britain, informed European sources
    Reuter.  -  263 words
  • Article
    Goodwood to cross the Causeway?
    192 12 WORD is out that the Goodwood group is planning to cross the Causeway to Malaysia through the acquisition of six hotels from Faber Merlin Malaysia, the largest hotel group in Malaysia Negotiations for the acquisition of these hotels are believed to have begun some two
    192 words
  • Article
    'No reason to extend Nov 15 deadline'
    164 12 KUALA LUMPUR, Fri. Datuk Hussein Onn said today that there was no reason to Justify extending the Nov 15 deadline for oil companies to conclude a production sharing agreement with Petronas. Replying to Haji Abdul Wahab Yunus (Nf-Dun-gun) the Prime Minister reiterated that
    164 words
  • Article
    IMPORTED CARS CORNER MART
    173 12 LONDON. Fri. Imported cars captured 42.4 per cent of new car sales in Britain last month, according to preliminary figures released by the Society of Motor Manufacturers and Traders yesterday Japan's Datsun was the biggest importer, while sales of West German-built Ford cars made Ford the
    173 words
  • Article
    North Sea oil
    35 12 LONDON. Fri. Britain's three North Sea oil fields have yielded more than two million tonnes of crude oil since they went into production earlier this year, according to official figures issued yesterday.
    35 words
  • Article
    Lock icon No formal EEC proposals to save sterling
    167 12 Reuter. BRUSSELS; Fri. The Common Market Commission has examined EEC currency problem*, including the sterling situation, but will make no formal proposals for Community rescue action when finance ministers of the nine meet here next week, Commission sources said. There is a growing
    Reuter.  -  167 words
  • Article
    Lock icon `Poll loss won't deter us'
    84 12 Reuter. LONDON, Fri. UK Prime Minister James Callaghan said the disapponting byelection results in no way affects the government's determination to pursue the task of national recovery. The ruling Labour Party lost the Workington and Walsall North seats to the main opposition Conservative Party while
    Reuter.  -  84 words
  • Article
    Lock icon Japan gives more to GAB
    105 12 Reuter. TOKYO, Fri. Japan has decided to increase its contribution to the General Arrangement te Borrow (GAB) of the "group of ten" industrialised nations to one billion Special Drawing Rights (SDR) from 265 million SDR, the Finance Ministry said today. The increase would facilitate the
    Reuter.  -  105 words
  • Article
    Lock icon MOVE TO STEP UP JAPAN RECOVERY
    98 12 Reuter TOKYO. Fri. The Japanese Government will hold a Cabinet Council of Economic Ministers early next week to discuss measures to stimulate the economic recovery, which has recently been slowing. Minister of International Trade and Industry Toshio Komoto said. Mr. Komoto told a news
    Reuter  -  98 words
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    Lock icon Keidanren to urge for more imports
    100 12 Reuter TOKYO. Fri. Mr. Toshio Doko. president of the Federation of Economic Organisations (Keidanren). will urge Prime Minister Takeo Miki to accelerate Japan's economic recovery by expanding imports, particularly from West European countries, a Keidanren spokesman said. Mr. Tsugio Ibayashi. Keidanren chief secretary, told
    Reuter  -  100 words
  • Article, Illustration
    FORCE THAT PROPELS MORGAN INTO THE VANGUARD
    1232 12 Man of the week ANOTHER Asian dollar loan issue was signed and sealed yesterday. The Nippon Miniature Bearing US$l2 million (5529.4 million) loan note. Guess who was the lead manager? Whv Morgan Grenfell (Asia) oi course. And earlier on In the week when
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  • Article, Illustration
    Lock icon Fukuda quits with a poll pledge
    411 12 Reuter TOKYO, Fri. Deputy Prime Minister Takeo Fukuda resigned from the Government today and told opponents of Premier Takeo Miki within Japan's ruling Liberal-Democratic Party (LDP) he planned tp support anti-Miki party candidates in December's general election. Mr. Fukuda. who has emerged as the
    Reuter  -  411 words
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    Call to forge closer ties with Carter
    302 12 NEW YORK, Fri. Leading US businessmen called for closer ties between business and the Administration of President-elect Jimmy Carter. They believed it premature to make any longterm predictions about a Carter Administration without first seeing any of his programmes but said a better
    302 words
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    Lock icon Congress will be Berjaya's first
    145 12 Reuter. KOTA KINABALL, Fri The ruling Berjaya Party of Sabah State, formed 16 months ago, will hold its first party congress here at the end of this month or early December, it was announced here today. Berjaya secretary-gene-ral and State Finance Minister Mohamed Noor Mansor
    Reuter.  -  145 words
  • Article
    NMB(S) plan to seek listing on SES
    429 12 FRESH from its successful fund-raising efforts in the Asian dollar market, the local subsidiary of Nippon Miniature Ballbearing of Japan plans to seek listing on the Stock Exchange of Singapore within a year or two. This was revealed by Mr. Sim Tian Chye.
    429 words
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    Lock icon Japan clamps $51m ceiling on mark Eurobond issues
    387 12 Reuter FRANKFURT, Fri. The Japanese Ministry of Finance is setting a limit of 50 million marks (SSSI million) on mark Eurobond issues by Japanese borrowers, German commercial bankers and Japanese security houses said here. The Ministry is applying the limit to discourage
    Reuter  -  387 words
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    Lock icon Sabah Air jet going for $44m
    197 12 Reuter KOTA KINABALU, Fri. The Sabah State Government today said it was halfway to completing one of its key election promises the sale of two controversial jet airliners owned by the state airline. Sabah Air. State Finance Minister Mohamed Noor Mansor told reporters here
    Reuter  -  197 words
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    Speaker informed of MPs arrests
    110 12 KUALA LUMPUR. Fri. Dewan Rakyat Speaker Tah Sri Nik Mohamed Kamil told the House at the start of today's sitting that he had received a letter from the Ministry of Home Affairs informing him of the detention of three Members of Parliament under the Internal
    110 words
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    Lock icon Copper talks
    33 12 Reuter SANTIAGO. Fri. The inter-governmental committee or copper exporting countries will meet here from Nov 29 to discuss world copper production and sales, the Chilean copper commission said here yesterday. Reuter.
    Reuter  -  33 words
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      170 12 THE CERTIFICATE Gemology is perhaps the supreme fine art and the diamond is the supreme precious stone. Only when cut does a gem increase its value. The appraisers and cutters may be considered the Michaelangelos' of gemscraft. To perpetuate the high standards of diamond cutting and to establish the craft
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