The Business Times, 16 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.(P) 1455/76 TUESDAY, NOVEMBER 16, 1976 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Petronas talks
      96 1 AT 20 minutes past midnight last night or 20 minutes after the Nov. 15 deadline set by Malaysian prime Minister Datuk Hussein Onn for foreign oil companies and Petronas to reach accord there was no indication from official quarters on the outcome. It Is not known if the
      96 words
    • Article
      Lock icon Brez flies in
      57 1 Reuter BELGRADE, Mon. Soviet Communist Party, chief Leonid Brezhnev arrived here today by air from Moscow for a 48-hour visit to Yugoslavia and talks with President Tito. It is the Soviet leader's first visit in more than five years to this staunchly independent communist country, which broke
      Reuter  -  57 words
    • Article
      Lock icon It's a flat 'no'
      54 1 Reuter PEKING, Mon. China tonight flatly rejected any rapprochement with the Soviet Union following the death of Mao Tse-tung. The rejection came in a tough banquet speech by Vice-Premier Li Hsien-nien which had earlier provoked a walk-out by Soviet Ambassador Vacily Tolstikov and diplomats from seven
      Reuter  -  54 words
    • Article
      Lock icon Food conference
      75 1 AP MANILA, Mon. Some 200 delegates and food production experts from 14 countries in Asia and the Pacific opened today a three-day conference to encourage agricultural developemnt to meet the pressing need for more food. The conference theme is, Fertilisers and Global Food Security, with a conference spokesman
      AP  -  75 words
    • Article
      Lock icon Spanish trade team
      65 1 Reuter KUALA LUMPUR, Mon. A 14-member Spanish trade mission arrived here last night to look into the "possibility of setting up joint venture industries in Malaysia. Its leader, Dr. Ramon Amat, said the mission would also try to sell a wide range of Spanish products including heavy
      Reuter  -  65 words
    • Article
      Tin buffer profit
      64 1 KUALA LUMPUR, Mon. Gross profits on the fourth tin buffer stock amounted to M 536,055,122.76, Deputy Finance Minister Mr. Richard Ho told the Dewan Rakyat today. Replying to Mr. Ngan Siong Hing (DAP-Kin-ta), Mr. Ho also said that the net profits after deducting interest paid and administrative
      64 words
    • Article
      Lock icon Denmark in the red
      70 1 AP COPENHAGEN, Mon. Denmark posted a balance of payments deficit of 2.3 billion kroner in the third quarter of 1976 to bring the provisional deficit for the first nine months of the year to a total of 8.3 billion kroner, the government's Bureau of Statistics announced
      AP  -  70 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      167 1 THE Stock Exchange of Singapore went through another very quiet trading session yesterday, with most shares ending on an easier bias. The Strats Times Industrial index was down 0.35 point to 24N.93 while the Business Times average shed 0.83 point to 249.47. Rises Selangor Dredg 354 +28
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    • Article
      In Kuala Lumpur
      110 1 Falls Set. Dredge $3 60 -.18 EssoOrd. SI.84 08 Inchcape $2.25 05 Wearnes $2.65 -.05 O.C.B.C. i8.00 -.05 Gentlngs $2.75 04 Slme Darby $3.48 -.04 U.O.B. $3.48 -.04 Sim Llm $0.51V,-.03W Cen.Sugars $1.02 -.03 Rises D. Keramat $4.40 .20 S. Land $1.64 .06 M Banking $6.50 .05
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  • Article, Illustration
    Saviour steams to Ben's rescue
    883 1  -  IT'S THE STRAITS STEAMSHIP... By QUEK PECK LIM ALMOST exactly 1 V» months after it announced that It was looking for a partner to bale it out of Its troubles, Ben and Company announced yesterday that it has found Its saviour In Straits Steamship. In
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  • Article
    Lock icon Heaviest week for New York capital markets
    569 1 NYT NEW YORK, Mon. In the heaviest volume of foreign financing in the United States capital markets' this year, US$925 million (3*2.26 billion) of new bonds are scheduled for sale this week by the World Bank, Australia, France and the Canadian province of
    NYT  -  569 words
  • Article
    Lock icon Carry on flying Concorde
    88 1 Reuter WASHINGTON, Mon. The Supreme Court today rejected an appeal aimed at halting commercial flights of the Concorde supersonic airliner from Paris and London to the United States. Continuation of the 16 months of trial service by the Anglo French Jet, authorised last February by Transportation
    Reuter  -  88 words
  • Article, Illustration
    Total money supply up 1.2 pc in August
    495 1 MONEY supply has been growing at a steadily rapid pace accounting for the flush market conditions, but would have grown even faster If the government had not Invested most of the surplus In foreign assets. Total money supply according to the latest
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  • Article
    Lock icon WHEELOCK EXEC QUITS
    89 1 Reuter HONGKONG. Mon. Wheelock Marden and Co. •aid Mr. J. L. C. Peart* hat resigned from the board of the company to avoid any conflict «f interest* in view of the fact that he is a major shareholder in Hutchison International, with which Wheelock is holding merger
    Reuter  -  89 words
  • Article
    Lock icon Forecast lifts £ by almost US2 cents
    293 1 Forecast lifts by almost US2 cents Reuter LONDON, Mon., Sterling gained almost two cents today in early trading on foreign exchange markets, lifted by a private research organisation forecast of a stronger rate. Sterlinc which sank below US$l.57 at the end of last month rose to $1.6465 compared with $1.6270
    Reuter  -  293 words
  • Article
    Lock icon Steady rise in gold price signals end of bear market
    401 1 Reuter GOLD dealers believe that the 1976 high of US $141, (*****.45) an ounce may be' tested soon, although they caution against expectations that the very rapid rise of the past two months will be taken much further. They accept,
    Reuter  -  401 words
  • Article
    All NTUC staff to be unionised
    124 1 ALL employees of the National Trades Union Congress and Its commercial organisations are to be unionised in keeping with the labour movement's plans to organise all workers In the Republic, according to the latest Issue of Labour News. It added that the Singapore Manual
    124 words
  • Article
    SHELL BID FOR STAKE
    51 1 MELBOURNE, Mon. Shell of Australia Is planning a bid for Poseidon's 50 per cent stake in the Windarra nickel mine. Shell's move follows an announcement by Poseidon's chief creditor Australian Industry Development Corp that it is considering acquiring the stake in the absence of a suitable
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      50 1 sP^ s gre^' INSIDE Overseas News/TV Radio Overseas news/Foreign features Local Co. news Foreign Co. news Local Stocks I Overseas stocks P 7 P 2 1 Commodities P 8 Transport ft Commup 3 i nications P 9 p 4 i Features PlO P 5 Local Overseas P 6 news PI2
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    • Advertisement
      Page 1 Advertisements Column 2
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      Page 1 Advertisements Column 3
      100 1 U-BIX COMPLETE COPYNG SYSTEM APS ELECTRONICS (PRIVATE) LIMITED Stngwon T*. ]3«oo2(SUnwl APS ELECTRONICS (M) SDN BHD KUALA LUMPU4* T# SEE PAGE 3 •SEE PAGE 5 EXPORT. GOOD FOR YOUR BUSINESS, GOOD FOR SINGAPORE. The Chartered Bank takes the complications out of export and puts the service in. More than 1500
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  • OVERSEAS
    • Article, Illustration
      Lock icon Impressive polls win for Chirac
      335 2 Reuter PARIS, Mon. Former Prime Minister Jacques Chirac, who resigned after a bitter policy dispute with President Valery Olscard d'Estalng, scored an Impressive first-round parliamentary by-electlon victory today. But four of his erstwhile government colleagues faltered In the Important round of by-electlons which produced fresh
      Reuter  -  335 words
    • Article
      Lock icon BARRE'S ARMS PLAN
      118 2 Reuter CAIRO, Mon French Prime Minister Raymond Barre will concentrate on plans for French assistance in setting up an Egyptian arms industry when he meets Egyptian Premier Mamdouah Salem today, according to sources. During the second and final round of talks in Mr. Barre's five-day official visit,
      Reuter  -  118 words
    • Article
      Lock icon ISRAEL PREFERS DIRECT TALKS
      157 2 UPI JERUSALEM, Mon. Prime Minister Yitzhak Rabin saya Israel is ready for peace talks with Egypt, but suspicious of its motives. "President Sadat is trying today to administer a sophisticated policy with the goal of influencing the United States," Mr. Rabin yesterday told a group of
      UPI  -  157 words
    • Article
      Lock icon Iran output
      24 2 Reuter TEHRAN, Mon. Iran produced 201,700,000 barrels of crude oil last month, the state-owned National Iranian Oil Company (NIOC) said yesterday. Reuter.
      Reuter  -  24 words
    • Article
      Lock icon Japan's Oct trade surplus is $1 bil
      274 2 Reuter TOKYO, Mon. Japan had a visible trade surplus of US$442 million (591.1 billion) In October, down from $509 million In September, but compared with a deficit of $285 million in October last year, according to preliminary Customs clearance figures from the Finance
      Reuter  -  274 words
    • Article
      High level of US loans causes concern
      284 2 WASHINGTON. Mon. The latest figures from the US Treasury show that American banks this year have continued the very high level of overseas lending that existed last year. The total tat 1978 Is expected to be USSIS billion (5536.75 billion). Not only Is
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    • Article
      Lock icon ...But Citibank sees no threat
      365 2 NYT NEW YORK, Mon. First National City Bank of New York, second largest bank In the US, strongly disputes the suggestion that American banks have incautiously lent far too much money to potentially defaulting less developed countries. In Its latest monthly economic letter. Citibank says
      NYT  -  365 words
    • Article
      Lock icon Spain railway loan
      87 2 Reuter PARIS, Mon. Spanish National Railways (Red Nacional de Los Ferrocarrlles Espanoles) will seek US$5O million (SSI2S million), through a 9 1/4 per cent seven year stateguaranteed note issue on Nov 26, lead manager Smith Barney Harris Upham and Co said. A purchase fund will re- duce
      Reuter  -  87 words
    • Article
      Lock icon JAPAN'S POLLS DRIVE STARTS
      136 2 AP TOKYO. Mon. Campaigning began officially today for the Dec 5 election of the Lower House of Japan's Diet (Parliament), a vote that may reflect the impact of the Lockheed payoff scandal in this country. At stake are 511 seats, representing the country's 130 electoral districts.
      AP  -  136 words
    • Article
      Lock icon Italian team
      31 2 UPI TOKYO, Mon. A delegation of the Italy (North) Korea Cultural Association met with North Korean Vice Premier Chong Jun-Gl yesterday, the (North) Korean Central News Agency reported today.
      UPI  -  31 words
    • Article
      Lock icon Target date set for oil refinery
      141 2 Reuter TOKYO, Mod. Iran and Japan have agreed to set a target date to complete a joint project for the building of a large oil refinery in Iran, Japanese trade officials said today. The agreement wai reached last weekend after talk* between Dr. P.
      Reuter  -  141 words
    • Article
      Lock icon Jakarta execs face smuggle charges
      121 2 Reuter JAKARTA, Mon. Five Indonesian executives of a large car assembly plant in Jakarta have been arrested on charges of smuggling motor spare parts from abroad, the dally Slnar Harapan newspaper reported today. The newspaper did not name the officials or the company, but said
      Reuter  -  121 words
    • Article
      Lock icon W. Germany assets up to $109 bil
      106 2 Reuter FRANKFURT, Mon. West Germany's total net assets abroad rose to 108 billion marks (Sslo9 billion) In the middle of 1976, up from the 89 billion recorded two years ago, the Bundesbank said in its monthly report. The greater part of this was
      Reuter  -  106 words
    • Article
      Lock icon Geneva talks resume on UK proposals
      438 2 Reuter GENEVA, Mon. The conference in Geneva finally re-opened today when delegations from four black nationalist movements and Rhodesia's white minority Government met to hearformal proposals by Britain r for a legal independencee date for the breakaway colony. In his address, Mr. Ivor Richard
      Reuter  -  438 words
    • Article
      Carter urged to call summit
      282 2 NEW YORK Mon., The New York Times today said that Mr. Carter should call for an economic summit conference soon after he assumes the presidency of the United States In January. The newspaper, in an editorial, said a conference with leaders of America's major allies
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    • Article
      Lock icon Syrians drive into Beirut
      170 2 Reuter BERIUT, Mon. Syrian Army peacekeepers drove into the heart of Beirut today, taking control of the devastated noman's land which used to be the financial capital of the Middle East. The Syrians, acting under an Arab League mandate, sent six armoured columns in from the
      Reuter  -  170 words
    • Article
      Lock icon FRASER PROTESTS MEAT QUOTA CUT
      172 2 Reuter CANBERRA, Mon. Australian Prime Minister Mr. Malcolm Fraser has written to Japanese Prime Minister Takeo Mlkl to protest against Japan's plan to substantially reduce its meat import quota from Australia next year, govenment sources in Canberra said today. The sources said Mr. Fraser wrote
      Reuter  -  172 words
    • Article
      Lock icon Thai sugar
      31 2 AP BANGKOK, Mon. Thailand exported a total of 994,093.22 tonnes of raw sugar valued at about U*****.5 million (SS72O million), during the first 10 months of this year.— AP.
      AP  -  31 words
    • Article
      Lock icon The big cars in demand again in US
      522 3 AP DETROIT, Mon. After a fling with little cars, Americans reaffirmed their love for the big ones In the 1976 model, year Just ended. Fullsize and intermediate models dominated the industry's list of best sellers. Eight of the top 10 new domestic
      AP  -  522 words
    • Article, Illustration
      Lock icon A record $36 billion budget for Israel
      314 3 JERUSALEM, Monday AP FINANCE Minister Yehoshua Rablnowltz presented a record US$l5 billion (Ss36 billion) draft budget to the Cabinet yesterday that forecast a 30 per cent Inflation rate at least for fiscal 77-78. Officials said the Finance Minister asked the Cabinet to approve
      AP  -  314 words
    • Article
      Lock icon Gold price rise no effect on industrial mart
      391 3 NYT NEW YORK, Mon. Despite the rapid rise in the price of gold over the last few weeks, there has so far been little effect at the industrial end of the market. The higher price to traders is apparently not yet being
      NYT  -  391 words
    • Article
      Lock icon Move to delay action on 'smokey' cars
      251 3 Reuter TOKYO, Mod The Ministry of International Trade and Industry said it and the Foreign Ministry have formally requested the Transport Ministry and the Environment Agency to postpone the application of the rigid 1978 car exhaust standards on imported cars. The 1978 standards,
      Reuter  -  251 words
    • Article
      Lock icon Philippines coconut earnings increase
      174 3 Reuter MANILA, Mon. The Philippines' foreign exchange earnings from coconut products in the first 10 months of this year rose more than 13 per cent to US$446 mlllon from US$393 million in the same 1975 period, the United Coco-nut Association of the Philippines said. The 10
      Reuter  -  174 words
    • Article
      Lock icon Bill to seek loans
      70 3 Reuter BANGKOK, Mon. An official spokesman said the Military Advlsoiy Council to the new Thai Government approved a Bill empowering the government to seek forelgp loans to finance military equipment purchases. However, there was no official confirmation of a report In the Bangkok Post newspaper, attributed
      Reuter  -  70 words
    • Article
      Lock icon Row holds up German nuclear development
      878 3  -  On Sunday, something like a pitched battle took place in West Germany, where the government wants to build a nuclear power station. Protesters came armed with gas masks and Molotov cocktails; police retaliated with baton charges and water cannon. But actual construction of a
      Reuter  -  878 words
    • Article
      Lock icon N. KOREA, JAPAN DEBT. TALKS
      145 3 Reuter TOKYO, Mod. The Japan-Korea Trade Association said K plana to •end a mission to North Korea around Nov 24 for negotiations on rescheduling North Korean trade debts. The association, which assists trade between Japan and North Korea, received an invitation from North Korea in
      Reuter  -  145 words
    • Article
      Lock icon More US rice for deficit countries
      326 3 WASHINGTON. Mon. AP A TEAM of United States Agriculture Department trade specialists said that a smaller rice crop in Asia this year probably will trigger larger foreign shipments to help feed food-dlflclt countries. The confident atmosphere of abundance that followed Asia's large 1975 rice
      AP  -  326 words
    • Article
      Indian exports up
      82 3 NEW DELHI, Mon. India registered a 28 per cent rise in exports in the first sixmonths of the current financial year to 22,632 million rupees (56.150 million), It was announced today. Imports rose by only seven per cent to 22,506 mil- lion rupees leaving a small favourable
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      415 2 He is the new child in a new age. He needs the encyclopaedia for today. Britannica 3. £S V The child of today is more involved. Mmj 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
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      29 2 BriStcfW: Praijjc Dickens I "LJHP»TS going ON u -Ci) ft® r eesToui JS lOO^KlHG? Npu <MOu) V*X> ft C«OU3D P* T.V. SMOuJfiOOOn uJWeN ft TfeST rr\prrcv4 IS IN PROGRESS
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      293 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on 15 Nov. 1976 at Singapore airport. Maximum temperature 30.1 c Associated humidity 72 per cent Minimum temperature 23.2 c Associated humidity 97 per cent Hours of sunshine 3.55 Rainfall in millimetres 0.3 Total rainfall for the month 179.3
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      477 3 Socialism The Singapore way In May 1976, the ruling People's Action Party in Singapore made a strong stand against serious allegations by the Dutch Labour Party at the meeting of the Bureau of the Socialist International in London. It culminated in C.V. Devan Nair, the PAP's special representative to the
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  • COMPANY NEWS
    • Article
      Estate and mine output
      173 4 RUBBER OUTPUT FOR SEPTEMBER 1976 Kilograms Austral Enterprises 37,648 61,278 Benta Plantations 190,000 37,194 244,942 Consolidated Plantations 2,588,000 48,081 1,182,665 Golden Hope Holyrood 97,070 33,566 117,481 Inch Kenneth Kajang 637,000 28,577 Killinghall 261,726 76,658 KundongTanJongPau 132,132 1,730,972 Mentakab Rubber 81,647 94,772 1,161,663 Riverview Rubber 294,473 241,200
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    • Company meetings
    • Article
      PEOPLE IN BUSINESS
      174 4 OLYMPIA Plywood Timber Products Berhad has announced resignation of Mr. Teh Wan Boon as director of the company with effect from Oct. 21. Mr. J.M.C. Alston has been appointed manager of the Chartered Bank's Asian currency unit operations. He succeeds Mr. C. Harrison who will be taking
      174 words
    • Article
      Final stages of the Kuala Sidim deal...
      725 4 THE formal documents relating to the two recently announced deals by Kuala Sidlm Rubber have now been despatched. Shareholders should feel cheerful about the whole complex affair since following the transactions KSR Intends to increase its dividend from five cents to 15 cents
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    • LATEST RESULTS
      • Article
        Perak Carbide Corporation
        44 4 PERAK CARBIDE CORPORATION Pre-tax loss M 5604,387 (profit $18,046) for the year ended May 31, 1976. Tax $500 ($10,138) and overprovision In previous year $9,500 (nil) making net loss of $595,387 (profit $7,908). Accumulated losses at end-May 1976 $1.27 million ($673,909).
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      • Article
        Adhesive Tape Incorporated
        40 4 ADHESIVE TAPE INCORPORATED (M) Pre-tax loss M 5682,949 (loss $1 million) for the year ended May 31, 1976. 'Tax $500 (nil) making net loss of $683,449 (loss $1 million). Accumulated losses at end-May 1976 $1.52 million ($839,433).
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    • Article
      Improvement by Fusan
      320 4 THOUGH Fusan fishing Net Manufacturing is still suffering losses, its results for the first hall of 1976 Just released show a considerable Improvement from the very depressed second half of last year. The company's loss of M 5235,312 after depreciation is a good bit higher than the
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    • Article
      DIVIDENDS ANNOUNCED
      338 4 Current Ex Date Total for Total for payment Date payable the year previoua year Sthn KinU 50% Oct. 7 Nov 16 75% 69% U.O.B. 5*+ Nov. 1 Nov 16 5%+ 12.5% EitoOrd. 5%TE+ Oct. 13 Nov 17 4%TE+ 18%TE E»»o Pref. 3%TE+ Oct. 13 Nov 17 3%TE+ 10%
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    • Article
      Davidson becomes GM of Pernas-Charter
      369 4 MR. D.H. Davidson, the former chairman of AngloOriental will be appointed general manager of Per-nas-Charter Management, the new management company, which will provide management and advisory services to the tin companies formerly managed by Anglo-Oriental (Malaya) and Associated Mines (Malaya). Under the London Tin scheme
      369 words
    • Article
      Lock icon Big business takes a new look
      1127 4 THE US UNDER MR. CARTER NYT WILMINGTON, (Del.), Mon. While the financial markets and many businessmen continue to manifest concern over the economic recovery and the policies they expect from the Carter administration, there is an island of clamness and patience here in the
      NYT  -  1,127 words
    • Article
      Lock icon Job for Playboy's new president
      1150 4 HROBLEMS AT PLAYBOY Financial Times LOS ANGELES, Mon. Having called in a specialist to help him perform some radical surgery on the body corporate, Mr. Hugh Hefner is hopeful that better times lie ahead for his Playboy empire. Founding father Hefner now 50 has never
      Financial Times  -  1,150 words
    • Article
      Lock icon Exchange warns
      67 4 Reuter BYDNEY, Mon. The Sydney Stock Exchange said It will suspend 52 companies from Dec 1, unless they submit their printed reports and audited accounts for the year ended June 30 before that date. Of this total. 21 have requested extensions, mostly till the last week of November.
      Reuter  -  67 words
    • Article
      Lock icon Ford Motor's UK unit faces trouble
      186 4 Reuter LIVERPOOL, Mon. Continued low pro-duction at the Ford Motor's UK unit plant at Halewood could have serious long term consequences, Ford UK management said in a personal letter to each of the 12,000 workers at the plant. The letter follows one last week
      Reuter  -  186 words
    • Article
      C. National
      37 4 PARIS, Mon.- Credit National Is Issuing a US$lOO million 10-year Eurobond with an expected 81/ 2 per cent coupon through an lnterntlonal banking consortium led by Credit Lyonnals and Morgan Stanley International, Credit Lyonnals said.
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      495 4 THE DEBT t|J£ TRAP ASk Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own economies and the v
      495 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Mitsui setback despite sales rise
      174 5 TOKYO, Mon. Net profit! at Mitsui fell from 6.73 billion yen to 6.36 billion yen for the first half-year ended Sept 30, 1976. The setback was suffered despite a rise In sales from 3,902.06 billion yen to 4,354.78 billion yen. Mitsui is holding the Interim
      174 words
    • Article
      Suzuki enjoys rise
      125 5 TOKYO, Mon. Suzuki Motor, a leading motorcycle maker, has reported record after-tax profit of 1.54 billion yen for the first half-year ended Sept 30, 1976, compared vlth 575 million yen last time. Gross sales were up by 22.7 per cent to 100.1 billion yen from 81.59 billion
      125 words
    • Article
      Lonrho
      28 5 LONDON, Mon. Lonrho said it is offering 22p cash per share for London City and Westcllffe Properties. Lonrho already owns 26,068,020 ordinary shares (29.9 per cent). Reuter
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    • Article
      Shell to bid for Poseidon's nickel stake
      461 5 MELBOURNE, Mon. Shell of Australia today said It will bid .for Poseidon's 50 per cent stake In the Wlndarra nickel mine in Western Australia this week. Shell news and information manager, Mr. Tony Adair, told Reuters the company's Bhell Minerals and Exploration (Australia)
      461 words
    • Article
      Export sales rise for Toyota, Nissan
      224 5 TOKYO, Mon. Toyota Motor Sales and Nissan Motor said slow domestic sales of their vehicles were offset by brisk exports in October. Toyota Motor Sales, a sales arm of Toyota Motor Co., said its exports hit an all-time high of 108,045 units, up 34.8
      224 words
    • Article
      Jusco
      46 5 TOKYO, Mon. Jusco said it will offer 2.4 million shares of Its common stocks In the form of European depository receipts next month, with one EDR comprising 10 common shares. Hill Samuel and Co and Nomura Europse will be lead managers of an underwriting group.
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    • Article
      Lock icon EMI results
      96 5 Reuter LONDON, Mon. Likely reductions In consumer spending in the UK In the current year will clearly affect the results of EMI music and leisure interests, chairman, Mr. John Read said. Similarly, weaker UK demand may limit the results of some group electronics Interests here In the year
      Reuter  -  96 words
    • Article
      Finland
      30 5 HELSINKI, Mon. Finland intends to raise US$5O- on US capital markets this year, mainly to stimulate production and assist the balance of payments in 1977, the Finance Ministry said.
      30 words
    • Article
      Lock icon Little market reaction to corporate bribes
      680 5  -  By FREDERICH ANDREW NYT WHATEVER, else may befall corporations that disclose bribes or improper payments, the stock market does not seem to punish them. A statistical study of trading in stocks of 75 companies following such disclosures has detected only faint signs of any
      NYT  -  680 words
    • Article
      Mitsubishi forecasts profit jump
      214 5 TOKYO, Mon. Reporting a 24.9 per cent increase In Interim profit, Mitsubishi Corp has forecast a near 40 per cent Jump for the full year as well as a higher dividend payout. For the first six months ended Sept 30, 1970, aftertax profit rose from 7.20
      214 words
    • Article
      Nippon Steel
      55 5 TOKYO, Mon. Nippon Steel has enjoyed a 71 per cent Jump In after-tax profit to 9.03 billion yen (5.03 billion yen) for the first six months ended Sept. 30, 1976. Gross sales were up 13.3 per cent to 1,219 billion yen (1,076 billion yen). Nippon is maintaining the
      55 words
    • Article
      Sperry sees higher European turnover
      154 5 LONDON, Mon. Sperry Rand Corp chairman and chief executive Mr. Paul Lyet said the group will continue to grow faster In Europe than In the US over the next five years. Mr. Lyet told a press conference here the group's European turnover should reach US$l
      154 words
    • Article
      JAL
      49 5 TOKYO, Mon. Japan Air Lines has suffered a net loss of 2.46 billion yen for the first six months ended Sept 30, 1976. This is 35.4 per cent lower than last time's deficit of 3.81 billion yen. Sales were up from 172.53 billion yen to 196.54 billion yen.
      49 words
    • Article
      Lock icon Getty Oil details merger plans
      181 5 AP LOS ANGELES, Mon. The board of Getty Oil has announced the details of their plan to merge Mission Corp and Skelly Oil into Getty. The merger proposal had been previously announced. Getty now owns 89.7 per cent of Mission, which is primarily a holding
      AP  -  181 words
    • Article
      Lock icon Hunt to resume NZ oil search
      142 5 Reuter WELLINGTON, Mon. Hunt International Petroleum New Zealand said it will resume its drilling programme in waters Just off the southern end of New Zealand's South Island. This follows the Government's abandonment of a proposed NZ$3 as a barrel levy on oil production. At
      Reuter  -  142 words
    • Article
      Lock icon GM rebates a positive move
      776 5  -  SUBCOMPACT CARS By ROBERT METZ NYT GENERAL Motors took Wall Street and the rest of the auto industry by surprise last week in announcing US$2OO rebates on subcompact Vegas. Astres and Chevettes. OM's stock fell by 1% and Chrysler's by IVi points In heavy trading
      NYT  -  776 words
    • Article
      Lock icon Rubbermaid braces for oil price hike
      608 5 Reuter NEW YORK, Mon. While It is obvious the oil companies are deeply concerned, and the average motorist may be a bit worried, the vibrations from the Organisation of Petroleum Exporting Countries (Opec) ministers meeting scheduled for next month also are being felt by
      Reuter  -  608 words
    • Briefly
      • Article
        BH shares trading
        74 5 MELBOURNE, Mon. Trading In the shares of the reconstructed North Broken Hill group will begin today, the new company. North Broken Hill Holdings Ltd, said. The company said It received Victorian Supreme Court approval for the change after receiving shareholders' approval. Under the reconstruction, all Asl shares
        74 words
      • Article
        Nikko Sec
        102 5 TOKYO, Mon. The greater activity seen in the stock market this year, has Bushed after-tax profit at lkko Securities up from 6.44 billion yen to 17.15 billion yen for the first six months ended Sept 30, 1976. Gross sales were ud from 72.09 billion yen to 106.83 billion
        102 words
      • Article
        Kao Soap
        50 5 TOKYO, Mon. Kao Soap said it and Colgate-Pal-molive of the US agreed to establish a Joint venture, Kao-Colgate Oral Products," In Tokyo for the production and marketing of their dental cream and the toothbrushers. The new company will be capitalised at one billion yen on a 50-50 basis.
        50 words
      • Article
        Margin curbs
        87 5 TOKYO, Mon. The Tokyo, Osaka and Nagoya stock exchanges said they tightened margin trading curbs for Green Cross Corp and Tyoda Automatic Loom Works, effective Immediately, to dampen speculative trading. The margin requirement ratio for the two stocks was raised to 50 per cent, including 30 per cent
        87 words
      • Article
        Ohbayashi
        45 5 TOKYO, Mon After-tax profit at Ohbayashl-Ouml was practically unchanged at 3.07 billion yen (3.06 billion yen) on sales down from 217.17 yen to 260.25 billion yen In the first six months ended Sept 30, 1976. It has maintained the Interim dividend at 3.75 yen.
        45 words
      • Article
        Dai-Ichi
        50 5 TOKYO, Mon. Dal-Ichi Securities said it would increase its capital from 1,850 million yen to 3,000 million yen by the end of next February to develop Into general brokerage firm engaged in dealing, broking and underwriting. The company said It would become the 12th general brokerage company in Japan.
        50 words
      • Article
        Marubeni
        40 5 TOKYO, Mon. For the first half-year ended Sept 30, 1976, Marubeni has reported net profit of 4.02 billion yen (3.96 billion yen) on sales of 3,166.44 billion yen (2,744.52 billion yen). The interim dividend Is held at three yen.
        40 words
      • Article
        SBM
        46 5 TOKYO, Sun. On a sales Increase of 16.3 per cent to 32.93 billion yen (28.32 billion yen), Snow-Brand Milk Products has raised after-tax profit by more than six times to 413 million yen (61 million yen) in the first six months ended Sept 30, 1976.
        46 words
      • Article
        NGK
        68 5 NAGOYA, Mon. NGK Spark Plug here said it plans to begin producing spark plug in the suburbs of Los Angeles, California, next July in partnership with a local concern. Mr. Shujl Ogaya, the president, said the company has already acquired land for construction of a plant with a capacity
        68 words
      • Article
        Makita
        69 5 TOKYO, Mon. Makita Electric Works said it will issue one million American depositary receipts (ADRs) in the US in February 1977 to raise about US$2B million for expansion of its production capacity. One ADR will consist of five ordinary shares. Merrill Lynch, Pierce, Fenner and Smith Inc and Yamalchi
        69 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      447 5 I V Lit Sy \T()/> IC()\ THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies, withered tyrants, opened new
      447 words
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  • Article
    Share Information Service
    1957 6 SECTION ONE INDUSTRIALS 1976 High Low Company Uit Safe +OTGr Gr'i div Div y'ld p/E C'VT Vol Day COOO) High Low 250 206 100 237 186 402 204 248 460 137 170 172 60 185 66 254 149 172 394 39 Ac ma Alcom Allied Choc Bata
    1,957 words
  • Article
    Transactions in Singapore
    1141 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
    1,141 words
  • Article
    Unit trusts
    163 6 I SINGAPORE UNIT TRUST I (Manager's price* for Nov 16) The Commerce 1 70 l go The Saving Fund 0.97 1 02 S'pore Prog Fund 0 si o 86 S pore Security Fund 1.27 134 S pore Invest Fund .1.02 1.06 (ASIA UNIT TRUST (Manager's prices for Nov
    163 words
  • Article
    Government and corporate bonds
    444 6 S pore Govt 5 1/2% Taxable Loan No 2 With A I 1975/lat Dec miBS)' 000 000) (101 688 S'pore Govt 5 1/2% Taxable Loan No 1 With A I 1976/Isth \0\128? (1 000 000 > MB S'pore Govt 6 3/4% Taxable Loan No 1 With
    444 words
  • Article
    In Kuala Lumpur
    1214 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* Aimamata 11MB 1.88S). Alcam (2.158). Alai. Mold (0 90S >. A.
    1,214 words
  • Page 6 Advertisements
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      143 6 found only in the best company... Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modern Business
      143 words
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  • Article
    Shares end lower
    525 7 SHARES tended lower in very quiet trading at the Stock Exchange of Singapore yesterday. The small dominance of sellers over buyers made for a technically weak market. Buyers were generally withdrawn or quoting at levels too low to attract sellers. Market sentiment was rendered weak by the
    525 words
  • Article
    Similar trend at KLSE
    447 7 SHARES headed marginally lower in low volume trading at the Kuala Lumpur stock market yesterday. Throughout the day, Interest was very subdued with sellers having a small dominance over buyers, resulting in a mild erosion of prices. The major restraining influence yesterday was the outcome of
    447 words
  • Article
    Lock icon Rail strike affects Newman
    113 7 Reuter PERTH, Mon. Mt. Newman Mining's iron ore stocks at Port Hedland, Western Australia, are running low due to the train drivers and engineers strike on the line between the Newman Mine and the port, a company spokesman said. He said stocks have been sufficient to
    Reuter  -  113 words
  • Article
    Lock icon Congress to watch accounting methods
    795 7 NYT NEW YORK, Mon. The newly elected 95th Congress is almost certain to put the public accounting profession through a wringer the likes of which the accountants have never seen. Hard on the heels of the controversy over Improper corporate payments and the complexities of
    NYT  -  795 words
  • OVERSEAS MARKETS
    • Article
      Hongkong
      449 7 HONGKONG: The market closed lower on Monday with losses in all sectors in low turnover on uncertainty over rumours a targe placement of Hutchison shares was made last week in London, and on lack of news concerning the discussions over Wheelock Marden, dealers said. The Hang Seng index fell
      449 words
    • Article
      Sydney
      405 7 SYDNEY: The market closed lower on persistent selling pressure on Monday, on wall Street's weakness and last week's measures by the Australian Government to tighten credit, dealers said. The Sydney All-Ordinaries fell 4.12 points to 420.85. BHP fell 16 to As 6 68. and its rights 19 to $2.46.
      405 words
    • Article
      Bangkok
      78 7 NOV IS Bahts Asia Fibre 118S unch Bangkok Bank 231 unch Bangkok Invest 117 Bangkok-Metro-politan Bank Bata 333 BerllJucker 157 unch Charoong Thai Wire 1458 unch Dumex DusltThanl Faber Merlin First Trust Indo-Thal 1706 unch J And J Ho 140S Jalaprathan Cement 70 -1 Karnasuta LeeKwangMIn Metal Box Rama
      78 words
    • Article
      Manila
      152 7 MANILA: The market fell sharply under heavy selling pressure, in lower turnover on Monday, dealers said. Oil and mines led the sharp decline and overall turnover continued to shrink. Reports that core samples were being evaluated by cities services on its confirmatory well digging of Palawan Island failed to
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    • Article
      Tokyo
      507 7 TOKYO: The market closed mixed on Monday, with buying interest from investment trusts alternating with selling in commodity market related issues. in fairly active trading, dealers said. The Dow Jones average was 4.553.16. down 5.24. with volume 230 million shares. The new index lost 0.75 to 348.18. Pharmaceuticals, cameras,
      507 words
  • Article
    Lock icon Houston in all its extravagance
    1254 7  -  By JOHN LEE NYT THE Toast over drinks at Houston's Petroleum Club Is, health and hydrocarbons. The first-time visitor Is Indulged with the explanation that hydrocarbon is the chemical term for the petroleum Industry and Its products. As for health, well, that seems synonymous with
    NYT  -  1,254 words
  • Article
    Lock icon Gulf plans oil find
    481 7 NYT ROSENDALE, NY, Mon. The Catskills are generally remembered for rustic mountain trails and crowded resort. But, if the Gulf Oil Corp's gamble is right, the region will soon be known for its natural gas or even oil. After more than a year of energetic prospecting,
    NYT  -  481 words
  • Article
    Lock icon Against the trend at Pfaff as sales rise
    435 7 FT FRANKFURT, Mon. The O.M. Pfaff group has done very well In 1976, contrary to the experience of many other West German machine manufacturers. Consolidated turnover rose by an overall 21 per cent In the first three-quarters of the year, and the
    FT  -  435 words
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      Page 7 Advertisements Column 1
      356 7 NLd Wk< M*i lEfl Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar malam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, i. entertaining in a wholesome way, highly educational j IfJI quite
      356 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Rubber market
      569 8 THE Singapore rubber market opened 0.50 cent lower following the easier London closing, dealers said. Prices lost further ground on sporadic offerings before shortcoverlng Interest emerged to check the decline, they added. Physicals and forward trading were quiet while turnover remained small. The market ended the morning Inactive
      569 words
    • Article
      SSR and SMR
      130 8 DAILY SSR and SMR prices at noon yesterday Dec. Jan. R.A.S. (Current Mth) (Forward Mth) Bun em Seller* Buven Seller* (cents per kg) (cents per kf) jh htp8 smr SSR 20 (1 -ton filets) 191 00 193 OON 192 00 194 OON SSR 50 (1-ton Pallets) 188
      130 words
    • Article
      Produce prices
      125 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICL'L YESTERDAY. Coconut Oil: Bulk $72' i seller, old drum $77 S seller, new drum $82Vi sellers. Copra: Mixed (loose) UK/Cont *45 buyers. Pepper: Muntok ASTA white f.o.b. 100% NLW $320 sellers. Sarawak white fob 96% NLW $302V> sellers. Sarawak
      125 words
    • Article
      Straits tin
      116 8 THE Btraits tin price In Penang yesterday fell <6.00 to close at $1,215.00 per plcul on an official offering up 122 tonnes to 286 tonnes. In LONDON, yesterday, tin finished with gains of about £11 per tonne for Cash and £13 for Three Months in both contracts. Early
      116 words
    • Article
      Closing prices
      30 8 Rubber: Nov IS Singapore: Doc. 207.25 eta (down 1.75 cts.) Malaysia: Doc. 213.50 eta. (down 1.50 eta) Tin: 11,215.00 (down $6.00) Official offering: 286 tonne* (up 122 tonMS)
      30 words
    • Article
      Gold
      178 8 IN the Singapore sold market today the Toco London gold opened at U*****.50 per troy ounce and closed at the top at $138.75 In good two-way dealings. The rise In the price of the yellow metal was attributable to Japanese newspaper reports that the Bank of Japan is considering
      178 words
    • Article
      Copper
      109 8 LONDON, Mon Copper wlrebars gained fully £7 for Cash and £8.50 for Three Months. values sagged on the premarket under light liquidation prompted by higher sterling but later worked higher on covering encouraged by the strength In gold dealers said. Three Months traded from a pre-market low of £824
      109 words
    • Article
      Silver
      63 8 LONDON, Mon. Silver advanced by £3.5 to 4p per troy ounce. Values sagged in the early fire-market under scattered lquidatlon prompted by firmer sterling although bear covering and fresh buying reversed the rend follwing the further strength in gold Three months worked up from a pre-market low of 282.3p
      63 words
    • Article
      Lead
      48 8 LONDON, Mon. Lead was £1 per tonne higher all round.The market reflected the trend in copper although there was no sign of signiglcant physical ac- tivity, dealers said. Three Months traded in the range of £296 to £297 per tonne with sales of 1,200 tonnes, mainly carries.
      48 words
    • Article
      Rice
      212 8 BANGKOK, Mon. Indicative prices for rice quoted yesterday were: US dollars per tonne FOB basis Bangkok. White Rice: 100 per cent Ist class 289, 100 per cent 2nd 274, 100 per cent 3rd 270, 5 per cent 261, 10 per cent 240, 15 per cent 237, 20 per cent
      212 words
    • Article
      Coffee
      62 8 LONDON, Mon. Robusta futures opened steady £7 to £1 higher with 97 lots traded. After the opening levels tended to drift lower In quiet trading with may touching a low of £2,352 compared to the opening call traded range of £2,367 to £2,360. Dealers said the easier tendency stemmed
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    • Article
      Zinc
      55 8 LONDON, Mon Zinc rose by £2.75 per tonne for Cash and £3.25 for Three Months reflecting the general trend in base metals although there was some covering against pockets of physical business dealers said. Theree months traded to a high of £387 per tonne before profit taking pared the
      55 words
    • Article
      Sugar
      85 8 LONDON, Mon. Futures opened very steady £4.75 to £2.80 below Friday's close but up to £1.75 above the kerb close Sales totalled 898 lots. Dealers said last week's Improved sentiment was still In evidence despite Friday's New York Inspired shake out and stronger sterling. Prices held steady in a
      85 words
    • Article
      Lock icon Japan's cocoon imports
      78 8 Reuter TOKYO, Mon. Japanese Ministry of Agriculture and Forestry said it plans to permit Japanese traders to import up to 1,800 tonnes of dried cocoon in the latter half of the year ending next May to cover an anticipated shortage here. About 1,000 tonnes, Including 500 from
      Reuter  -  78 words
    • Article
      LME's Oct. turnover
      150 8 LONDON, Mon. The London Metal Exchange In announcing it's turnover for October, and the first 10 months of 1976 said that turnover in copper wirebars rose to 390.425 tonnes in October from 301,400 In October 1975 while cathodes turnover was lower at 30,625 tonnes (47,225). Standard tin
      150 words
    • Article
      World commodity prices moving up
      306 8 PRICES of world commodities, which plunged during the recession, have started moving up this year. Wholesale prices of many commodities expressed in US dollars, have risen in the first .half of this year, according to International Financial Statistics IFS, a monthly publication of the International
      306 words
    • Article
      Lock icon Poor Chinese grain harvest
      232 8 Reuter WASHINGTON. Mon. China will probably produce less grain this year than in 1975 and plans to buy more from abroad next year, US agriculture Department (USDA) economic researcher Mr. Marlon Larsen said. China attributed the decline in Its projected crop to bad weather at the
      Reuter  -  232 words
    • Article
      Lock icon China to buy more steel from Japan
      179 8 Reuter HONGKONG, Mon. Chinese orders for Japanese steel placed at the present Canton fair Indicate a return to near normal buying levels after a sharp fall off earlier this year. Industry sources said here. They added that on the basis of these latest
      Reuter  -  179 words
    • Article
      Lock icon Drop in world primary tin output
      215 8 Reuter LONDON, Mon. The International Tin Council (ITC) said world smelter production of primary tin metal was 14,400 tonnes In June against 14,800 tonnes In May this year and 12,300 tonnes In June 1975, bringing the 12 month moving total at end-June 1976 to
      Reuter  -  215 words
    • Article
      Lock icon LME stocks
      50 8 Reuter LONDON, Mon Stocks in London Metal Exchange official warehouses at the end of last week: (All in tonnes except silver) Copper rose 5,525 to 586,650 Tin rose 55 to 6,560 Lead rose 250 to 66,050 Zinc fell 1,975 to 110,900 Silver rose 10,000 to 29,100,000 troy ounces.
      Reuter  -  50 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      757 8 OVERNIGHT rates rallied strongly to as high as five per cent at the close in the Singapore domestic money market yesterday despite the fact that It was a Liability Base Day which normally sees abnormally low or even negative rates. ReDorts Indicated that despite the current flush money situation,
      757 words
    • Article
      Asian $ rate
      149 8 Asian rate ASIAN currency deposit Interbank rates as at close on Nov 15; US Dollars (Spot) Offer Bid 7 days 5 U/lfl 5 9/16 lmth SVH SI/4 2 mths S7/K SVIS 3 mths S1/2 S V* 6 mths 5 7/8 S3/4 9 mths 57/8 12 mths CI/4 CI/8 S*. Fr».
      149 words
    • Article
      Discount market
      49 8 RANGE of prices offered by du count houses on Nov IS: Overnight 2 to 3H Call deposit 2% to 3S Ctm •tec 3-Month Buy Selliaa Treasurer bills 31/18 215/16 Bank bills 37/8 3 3/4 3-Month CD 315/16 313/16 •-Month CD 4 3/8 41/4 Source: National Discounts Co.
      49 words
    • Article
      London
      323 8 LONDON, Mon. Sterling showed a strong early tone, advancing to U551.6415/ 25 from Friday's New York close of $1.6310/ 30, dealers said. A forecast from the Henley Centre saying that it expects to see sterling rise to $1.70 combined with a feeling In the market that the pound may
      323 words
    • Article
      Tokyo
      110 8 TOKYO, Mon. The US dollar for overnight delivery closed at 294.75 yen, down from 294.80 at the opening, but up from Friday's close at 294.65, dealers said. After opening slightly higher on sporadic buying for import settlement needs, the US currency eased in moderate trading on selling connected with
      110 words
    • Article
      Hongkong
      106 8 HONGKONG, Mon. Sterling firmed to U551.6430/ 6450 at one point, before falling back to 1.6395/6410 In late trading. On the Henley Centre's forecast that the pound would rise to $1.70, dealers said. It opened at $1.6310/6330, slightly below the New York close of 1.6320/6330. Meanwhile the US dollar remained
      106 words
    • Article
      Euro $ rates
      167 8 Euro rates LONDON, Mon. Eurodollar deposits opened basically unchanged from Friday's closings with early trading light, dealers said. The usual Monday slow start was reported with day-to-day rates drifting around 1/16 lower In early quiet conditions. A softer undertone was noted In periods but rates were unchanged. This was ascribed
      167 words
    • Article
      Lock icon ECSC note
      60 8 Reuter LONDON, Mon. The European Coal and Steel community plans to raise a $30 million eight per cent note issue due 1983, Hill Samuel confirmed as joint lead manager with Kuwait Investment Co (3AK). The issue will be principally underwritten by and placed with a wide range of
      Reuter  -  60 words
    • Article
      Australia/NZ
      50 8 AUSTRALIA/NZ exchanges quoted on Nov 15: Australia: Sterling 0.7586/0.7508 US dollar 1.2346/1.2296 Ninety day air mall buying rates: Sterling 0.7932. US dollars 1.2626 Ninety day forward buying rates: Sterling 0.7690, US dollars 1.2186 New Zealand: Sterling 0.5924/0.5889 US dollar 0.9691/0.9591 Ninety day forward rate: Sterling 0.6381, US dollar 0.9878
      50 words
    • Article
      Frankfurt
      32 8 FRANKFURT exchanges quoted on Nov 15: US 2.4140/50 2.4130/40) Can 2.4760/75 UK 3.920/935 Neth 95.45/60 Swltz 98.95/99.10 Italy 2.78/79 France 48.40/55 Norw 45.60/70 Belg Com 6.49/51 Belg Fin 6.47/48 Japan 0.8212/22
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    • Article
      Eurobond prices
      305 8 LONDON, Mon. Eurobonds traded little changed In quiet conditions, dealers said. Dollar bonds were quietly steady in little Interest while guilder Issues were a fraction easier where changed. Mark bonds continued firm in moderate turnover, dealers added. Floating rate notes were easier by 1/4 to 1/2 on some
      305 words
    • Article
      Minimum lending rates (in %)
      61 8 Minimum lending rates (in ACBC .6*4 First Chicago .6*4 Algemene Bank 7 Citibank .6*4 Bangkok Bank .7* HSBC ...7 Bank of America 6*4 Indosuez 7 Bank of China .7* Malayan Banking 6*4 Bank of Tokyo 6*. Mitsui Bank .6*4 Bank Negara OCBC .6*4 Indonesia .7Vi OUB .6*4 Chartered Bank .6V«
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      Page 8 Advertisements Column 1
      442 8 Vbu have only one face make the best of it. Advice from Business Tunes. V If your corporate face isn t as good as it could bfi Business Times can help change it for the better. Few people place their trust in a total stranger. This has to be one
      442 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article, Illustration
      Avis plan to expand its fleet over the next five years
      859 9  -  By TERESA LIM AVIS, the company with the famous "We're N0.2 so we try harder" slogan, has not only worked itself up to No. One position internationally, according to its own claim. It Is Number One In Singapore too.
      859 words
    • Article
      Lock icon Cammell Laird to keep ships
      380 9 Financial Times LONDON, Mon. Cammell Laird, the Mersey-side shipbuilder, is to move Into ship-ownership following a conditional agreement to take over the equity in four vessels ordered by Williams Hudson, the industrial holding company headed by Paris-based businessman Mr. David Rowland. Throughout the year there
      Financial Times  -  380 words
    • Article
      Lock icon Study on security
      83 9 AP KUALA LUMPUR, Mon. Three Malaysian officials, led by the Civil Aviation Department security chief, Enclk Rahlm Kechot, left today for Hongkong and Tokyo to study airport security systems. The director-general of civil aviation, Encik Ibrahim Hamud, said that security would be tightened at all Malaysian airports
      AP  -  83 words
    • Article
      KL peak hour ban: Lorry men given a week's grace
      312 9 KUALA LUMPUR, Mon. Transport operators have been given until the end of this week to comply with the new regulations restricting lorries above five tons from entering certain parts of Kuala Lumpur during rush hours. This reprieve was announced by
      312 words
    • Article
      Lock icon Plan to replace the Aircraft Carrier
      340 9 UPI WASHINGTON, Mon. A plan to build big airplanes that would carry weapons for use against ships, submarines and other aircraft and control thousands of square kilometres of ocean may pose a threat to the navy's present queen of the sea, the Aircraft Carrier.
      UPI  -  340 words
    • Article, Illustration
      IN PORT
      366 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bahama Maru (JJPO) 2130 after Turkmenlaya 38/39 Bunga Setawar (1500 after Loon Hslng) 16 Fernlake (0600 after Centaur) 47 Kenlngau (0600 20 Kota Machan (0700 after Sumber Tunas VI) 22 Lumut (1700) 21 East Palm Sea Horse (tanker 0900 subject Oas free) 16
      366 words
    • Article
      Lock icon To China
      26 9 Reuter KARACHI, Mon. Two officials of the state-run Pakistan Shipping Corporation left here for China yesterday to sign an agreement on shipping cooperation. Heuter.
      Reuter  -  26 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      541 9 ARRIVALS Service Operator Number Local Time From CAL TMA JAL SIA CI 331 TL303B JL712 SQ211 0040 0215 1000 1010 TPE/HKG/KUL BEY/DXB/ BOM/KUL HLP HLP OIA QA980 OIA OA 908 MAS MH605 CALTEXPKCFD SAS SK971 SIA SQ201 SIA SQ240 1030 1100 1100 1130 1130 1200 1205 HLP
      541 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      60 9 SNIPS FOR SALE TYPE DWT AGE Cargoboats 750-6,500 From 10 years onwards Tankers 700-4,600 From 15 years onwards Tugboats PSI,OOO-3,000 From 12 years onwards More than 40 units of the above ships are always available for sale and inspected in Japan. We are the exclusive Broker for the above ships.
      60 words
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      Page 9 Advertisements Column 2
      296 9 in/IGHT HOllDflV/ The Executive's Travel Agent Suite 102, Cathay Building Mount Sophia Singapore 9 Telephone *****2. V! AT V St We Help You Id Mind Ifour Own Business trade industry (trade industry ttfloatit iUUUUU minimi Ummm radc.vmdustry trade^induitry waters P r "^l The Republic's foremost Business Review The regular review
      296 words
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  • Article, Illustration
    Lock icon CHINA LOOKS WEST AGAIN
    1131 10  -  CHANGES IN CHINA MAY HAVE FUNDAMENTAL EFFECTS ON ITS TRADE POLICY, POSSIBLY CREATING A GREATER DEMAND FOR WESTERN PRODUCTS By COLINA MacDOUGAL Financial Times CHINA'S new Chairman, Hua Kuo-feng. seems to have lost no time In starting to dissipate the stagnation that has hung over Chinese
    Financial Times  -  1,131 words
  • Article, Illustration
    Lock icon US-Cuba relations: Ball is now at Carter's feet
    823 10  -  By FRANCOIS RAITBERGER Reuter MR. JIMMY Carter s election to the Presidency of the United States makes little difference to the average Cuban who knows that relations between his Island and Its huge northern neighbour have reached their lowest level in years.
    Reuter  -  823 words
  • Article
    Lock icon WHERE OLD FARMING METHOD IS BETTER
    445 10 UPI SYDNEY: Western agriculture methods are far less efficient than those of the peasant farmers of China and India If Judged In energy terms, Australian scientists believe This Is because modern Western industrial farming methods were developed to increase production and reduce labour when
    UPI  -  445 words
  • Article
    Lock icon New laws to end sex discrimination in Greece
    684 10  -  By STEVEN ROBERTS NYT IF A Greek man is asked to describe his family, he might say something like, "I have three children and one girl." This expression reflects a traditional attitude in Greek culture that women are second class citizens whose
    NYT  -  684 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      569 10 APPOINTMENTS UNION CARBIDE METALS ORES PTE. LIMITED JURONG a member of the UNION CARBIDE SINGAPORE GROUP OF COMPANIES invites applications from Singapore Citizens for the position of LATEX PRODUCTION SUPERINTENDENT DUTIES The successful candidate will be attached to the Manufacturing Division to supervise production of emulsified synthetic latex and related
      569 words
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      Page 10 Advertisements Column 2
      465 10 HEWLETT M PACKARD HEWLETT PACKARD (S) PTE LTD Lif.H '.I' ll Hewlett Packard Singapore is looking for an individual to manage our personnel activities. The Personnel Manager reports to the Managing Director and works with key department heads in establishing and administering our policies to meet HP's obiectives in South-East
      465 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      1058 11 The Liberty Bowl To mark the United States Bicentennial Year, Business Times is making a very special offer of a solid silver copy of the original Liberty Bowl for $2500 made by Paul Revere of Boston. Louis Heren, foreign editor of The Times, London, tells the story: A silversmith's hammer
      1,058 words
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  • Article
    Call to invest in S Carolina
    212 12 SINGAPORE'S busineeemen were invited to invert in South Carolina, where foreign or "reverie" investment has come to play an increasingly important role in economic life. Governer J.B. Edwards, leader of the state's trade and investment mission to the Republic, said yesterday that a foreign
    212 words
  • Article
    August— what a month
    135 12 AUGUST was an excellent month for visitors to Singapore, according to the Department of Statistics. There was a record number of 129,000 arrivals, which contributed to occupancy rates in hotels well In excess of 90 per cent. The figure of 129,000, when analysed, yields some interesting
    135 words
  • Article
    LONDON STOCKS
    726 12 LONDON, Mon. The stock market closed quietly firm and at 3 p.m. the Financial Times index was up 3.6 at 312.6. Stronger sterling and hopes of a reduction In the Bank of England minimum lending this Friday helped sentiment, dealers said. Government bonds firmed up to 3/4 point
    726 words
  • Article
    Geneva meet to set up rubber stockpile
    197 12 KUALA LUMPUR, Mon. Primary Industries Minister Datuk Musa Hi tarn disclosed in Parliament today that the preparatory meeting on the setting up of the natural rubber stockpile will be held In Geneva in Janu"fi. said the non-mem-bers of the Association of Natural Rubber
    197 words
  • Article
    WHAT KL HOPES TO SELL TO AUSSIES
    197 12 KUALA LUMPUR, Mon. Malaysia hopes to sell more non-traditional Items such as processed timber products, electronic products, textiles, footwear, canned foodstuff and rubber goods to Australia, .Trade and Industry Minister Datuk Hamzah Bin Abu Samah said today. Datuk Hamzah, who was opening an
    197 words
  • Article
    Sime
    51 12 IN last Saturday's Business Times, Coopers and Lybrand were reported as the auditors of Sime Darby Holdings. The auditors are in fact Turquand Youngs and Company. Barblnder and Com[>any, which is closely inked with Coopers and Lybrand is the share registrar of Sime Darby Holdings in Kuala Lumpur and
    51 words
  • Article
    Lock icon Iraq to press for 25pc price hike
    711 12 BECAUSE OF WORLD INFLATION Reuter AP BAGHDAD. Mon. Iraq will press for an Increase or at least 25 per cent In the price of crude oil at next month's ministerial meeting of the Organisation of Petroleum Exporting Countries (Opec). Iraqi Oil Minister Tayeh
    Reuter; AP  -  711 words
  • Article
    Malaysia to dip into reserves again for projects
    696 12 KUALA LUMPUR, Mon. Malaysia will draw down Ms36B million of Its external reserves to finance public development next year against $101 million this year, Tengku Razalelgh Hamzah said In the Dewan Rakyat today. He gave the figures to show that Malaysia does
    696 words
  • Article
    ANNUAL VALUES OF HOLDINGS: NO HIKE
    274 12 KUALA LUMPUR, Mon. There will be no Increase In assessment rates on annual values of holdings in the Federal territory next year, the Datuk Bandar, Tan Sri Yaacob Abdul Latiff, said here today. In his budget speech during a meeting of the City Hall
    274 words
  • Article
    Short term 'answer' for sterling
    603 12 THE short term solution to the instability of sterling would be to create a European currency which will, among other things, reduce the reserve currency problem of the pound to manageable proportions. This was suggested by Mr Leonard Rayner, president of the British Business Association
    603 words
  • Article
    Course by NPB
    51 12 THE National Productivity Board has announced that a course on Supervisory Development (cost accounting and control) will be held from November 29 to Dec 7 at the Hotel Catering Training School, Nasslm Road. The course will be led by Mr. Lim Hong Ouan and Mr. Boon Suan
    51 words
  • Article, Illustration
    When UK capital will pour into S-E Asia
    311 12 MORE British Investments will pour Into Singapore and South-east Asia In the 1980's when Britain reaps the benefits of North Sea oil. This was predicted yesterday by Lord Elton (above). Conservative spokesman on overseas development and foreign affairs. He told newsmen here
    311 words
  • Article
    British Airways completes its merger
    252 12 BRITISH Airways Is planning to take Its last major step towards the completion of the merger between what was once BOAC and British European Airways by adopting a very much simpler organisational structure. The British Government Is expected to give its decisions on the proposals
    252 words
  • Article
    Japan's share of hardware mart
    219 12 JAPANESE manufacturers' share of the local hardware market accounts for only 10 per cent, although this is expected to increase in the near future. This is the view of Mr. T. Hasegawa, chairman of •Sanjo City's Foreign Trade Association, who was here for a one-day
    219 words
  • Article
    Role of business press in Asia
    165 12 THE business press should report the facts and not offer opinions, said Mr. Peter Kann, editor and publisher of the Asian Wail Street Journal, He was speaking at the Singapore Advertisers Association lunch yesterday. In his address entitled, The role of Business Press in
    165 words
  • Article
    MORE CUT RATES
    125 12 LATEST to Join the list of banks in reducing their prime lending rate is Overseas Union Bank and Malayan Banking, which lowered their primes by per cent to per cent per annum effective yesterday. United Malayan Banking also cut Its prime yesterday, but by Vi per cent,
    125 words
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