The Business Times, 18 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 THURSDAY, NOVEMBER 18, 1976 50 CENTS
    10 words
  • NEWS IN BRIEF
    • Article
      Lock icon Dr K's suggestion
      67 1 UPI BOSTON, Wed. Secretary of State Henry Kissinger would like his successor to accompany him on a trip to Europe next month to meet foreign leaders, the Boston Herald American said today. Dr. Kissinger will propose the idea to Presidentelect Jimmy Carter when he meets him in
      UPI  -  67 words
    • Article
      Lock icon KL envoy to Vietnam
      65 1 Reuter KUALA LUMPUR. Wed Malaysia's first ambassador to a unified Vietnam. Mr. Yusof rfitam, left here today for Hanoi to take up his post. Mr. Yusof told reporters before his departure that Malaysia considered development of its relations with Vietnam important, as the peoples of the
      Reuter  -  65 words
    • Article
      Elton due in HK
      54 1 HONGKONG, Wed. Lord Elton of Britain will arrive in Hongkong on Friday on his South east Asian fact-finding tour. Lord Elton, a director of Overseas Exhibition Services Ltd., the British associate of Singapore Exhibition Services Pte. Ltd., will meet with Government authorities in Asean, an OESL
      54 words
    • Article
      Lock icon Miss Malaysia withdraws
      83 1 Reuter LONDON, Wed. Miss Malaysia, Naziadin Puteh, 21, today became the seventh Miss World competitor to be told by her government to withdraw from tomorrow's final in protest over South Africa's black and white representatives. The Malaysian High Commissioner, Datuk Badullah bin Ali, said: "In view of
      Reuter  -  83 words
    • Article
      Lock icon Think hard says Moshe
      73 1 AP TEL AVIV, Wed. Israel should give serious consideration to peace talks proposals made by Egyptian President Anwar Sadat, former Israeli Defence Minister Mr.Moshe Dayan said today. "It was the most important statement made by an Arab leader, and unless these were prior conditions, it was
      AP  -  73 words
    • Article
      Beirut's toll
      44 1 GENEVA. Wed. About 60,000 people have been killed and 200.000 wounded in the Lebanese civil war, Lebanese Minister of Information Ghassan Tueni said here yesterday. About 1,700,000 people needed urgent help and many were maimed or handicapped, he told a news conference.
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    • Article
      Lock icon Dow Jones
      43 1 UPI NEW YORK. Wed. Dow Jones averages based on the first hour of trading today on the New York Stock Exchange: 30indus 938.25, up 2.91; 20 transp 217.32, up 1.88; 15 utils 98.73, up 0.28; 65 stocks 301.35, up 1.35. UPI.
      UPI  -  43 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      166 1 EASIER conditions continued at the Stock Exchange of Singapore yesterday in very quiet trading. The Business Times index fell 1.90 points to 248.14 while the Straits Times Industrial average shed 0.40 point to 248.50. Rises Most active F K l.e\ ingston 233 +5 UOL 320.000 C Properties
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    • Article
      In Kuala Lumpur
      109 1 Rises Most active S. Steamship $3.10 .12 Haw Par 220 000 U. I. Crop $2 70 .12 Central Sugars 67.000 Is. Pen $1.55 .07 High Low 47.000 Dunlop Ind. $3 00 .05 Inchcape 41.000 S. Merlin $0.97 .03 Total Turnover: Pacific Dev. $0.72 .03 0.98 M S'pore
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  • Article
    The slump is telling on contractors
    723 1  -  MANY ARE OUT OF BUSINESS By JOHN TAN SINGAPORE contractors are beginning to suffer severely from the current property market recession. Many of them have been forced out of business by developers who are late In payments, who default on payments, or halt the
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  • Article, Illustration
    By water's last minute hope — a resolution
    683 1 By water's last minute hope a resolution SIME Darby's chairman, Mr. James Bywater, who Is now in Kuala Lumpur, appears to hope for a last minute resolution which will make confrontation with major shareholders at tomorrow's annual general meeting unnecessary. He told Business Times In a telephone interview that there
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  • Article
    Lock icon UK Co Bill is now law
    116 1 Reuter LONDON. Wed. The Companies Bill, aimed at revising certain aspects of UK Company Law today received royal assent, the final legislative stage, and should be brought fully into effect by Jan 1, 1978, the Department of Trade said. However, the most Important aspects
    Reuter  -  116 words
  • Article
    Lock icon US jobless setback
    63 1 AP WASHINGTON, Wed. US government officials say America will not reach its unemployment goal this year, because the economy failed to grow at the expected rate. Assistant Treasury Secretary Mr Sidney Jones said that unemployment may decline only to about 7.5 per cent by the end of
    AP  -  63 words
  • Article
    Meet soon on final draft of oil pact
    568 1 KUALA LUMPUR, Wed. Petronas and the four oil companies Involved In the production sharing agreements will be meeting jointly to work on the final draft so that the contracts can be signed by Nov 30. As the negotiations are still rolng on'
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  • Article
    Lock icon $2b LOAN FOR MEXICO
    106 1 UPI MEXICO CITY, Wed. Mexico bis obtained a medium-term Eurodollar loan of US$BOO million (SS2 billion) managed by 19 banks from the United State*, Canada and Europe according to the Finance Ministry. The Ministry said 64 banks supplied the loan. The loan, termed by the ministry
    UPI  -  106 words
  • Article
    Sterling gains but gold not pulling its weight
    317 1 STERLING gained more than a cent on foreign exchange markets yesterday, trading at U551,652 compared to Tuesday's closing price of U551,643. It opened here at 554.0474, and rose after London's entry to 554.0580. The US dollar also gained on all European exchanges
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  • Article, Illustration
    Another three named for election
    283 1 ANOTHER senior executive from govern-ment-dominated business corporations will be standing as a People's Action Party candidate in the coming general election. He is Mr. S. Dhanabalan, executive vice-president of the Development Bank of Singapore, which Is 51 per cent owned by the Government. On Tuesday,
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  • Article
    KL looks into ties with Khmers
    192 1 KUALA LUMPUR. Wed. The Goverment is looking into the possfbility of opening up an embassy in Phnom Penh, Foreign Affairs minister Tengku Ahmad Rithauddeen told Parliment today. It had also given some aid through an international organisation to Vietnam as a step to,establish a
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      Page 1 Advertisements Column 1
      52 1 Colour TV is simply great SEE PAGE 12 INSIDE Overseas news/TV A Radio P 2 Overseas News/Foreijn Features P 3 Local Co news P 4 International Co. News P 5 Local stocks P 6 1 Overseas stocks 2 Commodities 1 Transport ft 3 Communications 4 Features 5 Local ft c
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      Page 1 Advertisements Column 3
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      149 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Andreotti for US on a dual mission
      551 2 NYT UPI ROME, Wed. Premier Olulio Andreotti reportedly Is planning a trip to Washington next month to seek aid and to sound out advisers to the Incoming administration of Mr. Jimmy Carter on their policy toward Italy and the communist party here. The
      NYT; UPI  -  551 words
    • Article
      Lock icon Alitalia to buy seven Boeings
      102 2 Reuter ROME, Wed. Alitalia, Italy's national airline, is buying seven Boeing 727's as part of a four-year Investment programme totalling 90 billion lire (552,520 million). Three have already been delivered and the remaining four are to be delivered later this year, a spokesman said. The
      Reuter  -  102 words
    • Article
      Lock icon Italy has no urgent need for foreign loans
      348 2 Reuter ROME, Wed. Italy has convertible currency reserves of around US$2 billion (554.9 billion), and is not in Immediate need of further funds from abroad pending conclusion of loan talks with the IMF, Foreign Trade Minister Rlnaldo Ossola told Reuters. Mr. Ossola
      Reuter  -  348 words
    • Article
      Lock icon Peers thwart takeover of key industries
      373 2 Reuter LONDON, Wed. Britain's Conservative-domi-nated House of Lords stood firm last night and defeated the Labour Government on a key clause In a controversial bill to nationalise the country's aircraft and shipbuilding Industries. By 144 votes to 51, the peers upheld an earlier decision
      Reuter  -  373 words
    • Article
      Lock icon HOW $7 bil DEALS WERE CLINCHED
      94 2 AP SEOUL, Wed. South Korean construction firms, on the strength of low-paid, skilled manpower, won overseas contracts worth US$2.B3 billion (Ss7 billion) in the first nine months of this year, the Construction Ministry reported today. The amount, already surpassing the Ministry's upward-revised year-end target
      AP  -  94 words
    • Article
      Lock icon C-MART PLANS POLICING OF SEA ZONE
      174 2 UPI BRUSSELS. Wed. Threatened by i "phenomenal" increase ef Soviet trawler operation*, the European Common Market Foreign Mini iters yesterday discussed protection of their 320 km fishing zone which goes into effect Jan. I. "The Soviet trawlers are all around the South-west Coast" of
      UPI  -  174 words
    • Article
      Lock icon Govt under fire for meddling
      313 2 Reuter GLASGOW, Wed. Sir Frank McFadzean, chairman of the state-owned British Airways, today attacked state Intervention In Industry and said the government had become a vast industrial congolomerate. Opening a business school here, Sir Frank, former chairman of Shell Oil Company, accused politicians and civil
      Reuter  -  313 words
    • Article
      Lira trading moves
      35 2 ROME, Wed. Italian monetary authorities are expected to announce shortly new currency measures enabling restoration of normal trading In •pot lira, while maintaining strict control on foreign speculation against the Italian currency.
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    • Article
      Lock icon Levesque and the tale of two scorpions
      805 2 NYT MONTREAL, Wed. Mr. Rene Levesque, the man who stunned Canada with a decisive victory In provincial elections Monday, Is universally respected, even among those who are the strongest adversaries of his ideal of Independence for Quebec. It was one of the more
      NYT  -  805 words
    • Article
      Lock icon Ford's last go at Mid-East peace
      357 2 AP WASHINGTON, Wed. In Its last days, the Ford Administration Is trying to boost US "credibility" with the Arabs In order to set the stage for peace talks with Israel once Jimmy Carter takes over as President. As a result, the United States last
      AP  -  357 words
    • Article
      Lock icon NISSAN MOTORS ON CHARGE IN U.S.
      223 2 AP MIAMI, Wed. The importers of Datsun cars and trucks are accused in a lawsuit here of trying to prevent price-cutting and other competition between their dealers. The suit charges that Nissan Motor Corporation, a wholly owned subsidiary of Nissan Motor of Tokyo, tried
      AP  -  223 words
    • Article
      Lock icon Saxbe to quit
      64 2 Reuter WASHINGTON, Wed. Mr. William Saxbe Is resigning as US Ambassador to India with effect from next Jan 9, It was announced yesterday. A White House statement said President Ford had accepted the resignation of Mr. Saxbe, a former US Attorney General who was made Ambassador on
      Reuter  -  64 words
    • Article
      Lock icon Ford approves $720 million emergency loan to Lisbon
      495 3 WASHINGTON, Wed NYT THE Ford Administration has quietly approved an emergency loan of US$3OO million (Ss72o million) to Portugal, and has decided to seek the approval of Congress for US participation in a US$l.5-bllllon long-term loan to help the government of Premier
      NYT  -  495 words
    • Article
      European Reds borrow from Arabs to repay mounting debts
      588 3 GENEVA, Wed. Strengthening trade with the capitalist West dragged East Europe's communist nations so deeply into deficit that they have begun borrowing from Arab oil producers to repay mounting debts with Western commercial banks, United Nations economists reported today. The unusual
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    • Article
      Lock icon UK short tap stocks sold out
      128 3 Reuter LONDON. Wed. The UK Government's "short" tap stocks. Treasury 14 per cent 1982. was sold out at t'ol-5/8 per dealers said. The dealers said good demand took the market higher at the opening and the tap was sold out almost as soon as
      Reuter  -  128 words
    • Article
      Lock icon DOW TO BE LISTED ON THE PARIS BOURSE
      289 3 Reuter PARIS, Wed Dow Chemical Company will introduce its shares on the Paris bourse on Nov 25, a group president Zoltan Merszei told a press conference. The introduction will not involve the creation of new shares. Dealers will buy the company's shares
      Reuter  -  289 words
    • Article
      Lock icon Steel export
      36 3 UPI WASHINGTON, Wed. President Ford has modified a previous order to allow Japan, Canada, Sweden and members of the EEC to export limited amounts of bearing steel to the United States through mid-1978. UPI.
      UPI  -  36 words
    • Article
      Lock icon Slower Euro-currency mart growth in the first half
      443 3 Reuter. BASLE. Wed. The Eurocurrency market grew more slowly in the first half of this year than In the same period of 1975 despite a seasonal pick-up of activity in the second quarter, the Bank for International Settlements (BIS) said. Over the
      Reuter.  -  443 words
    • Article
      Lock icon Japan's balance of payments turns to deficit
      223 3 Reuter TOKYO. Wed. Japan had an overall balance of payment* deficit of US$lOO million in October, compared with a surplus of US$42B million in September and a deficit of USS79B million in October last year, the Finance Ministry said in a preliminary report.
      Reuter  -  223 words
    • Article
      Lock icon Tokyo offer to ease industrial exports to the EEC
      357 3 Reuter BRUSSELS, Wed. Japan today offered to hold down Its exports to the Common Market In certain key sec* tors, as high-level trade talks between the two sides entered their critical phase, informed sources said. The Japanese delegation, led by Deputy
      Reuter  -  357 words
    • Article
      Lock icon SDR rates
      37 3 Reuter WASVUINGTON, Wed. The International Monetary Fund said because the list of SDR rates It Issued earlier contains an error it will have to recalculate the entire list. A revised list will be Issued. Reuter.
      Reuter  -  37 words
    • Article
      Lock icon Two reasons why US car industry fails to pick up
      324 3 AP DETROIT, Wed. Lingering effects of a strike against Ford and a continuing slump at American Motors are two reasons why the car industry Is falling to make a strong start In the new-model sales year, analysts say. Domestic sales
      AP  -  324 words
    • Article
      Lock icon 'LOWER RICE PLANTINGS IN AMERICA'
      312 3 Reuter WASHINGTON, Wed United States rice plantings for the 1977 crop may fall below the 2.5 million acres painted this year, Mr. James Naive, agricultural economist of the Department of Agriculture's Economic Research Service, told the National Agricultural Outlook Conference. Mr. Naive said expected strong
      Reuter  -  312 words
    • Article
      Lock icon Aussie oil men vote to end strike
      222 3 Reuter SYDNEY, Wed. Oil refinery maintenance workers in all four Australian states affected by an industrial dispute voted In favour of lifting their bans on maintenance and repairs, union spokesmen said. They said the 1100 workers voted at meetings In Sydney, Melbourne, Adelaide
      Reuter  -  222 words
    • Article
      Lock icon Swiss bank buys foreign currencies
      103 3 Reuter PARIS, Wed. The Swiss National Bank bought 12.5 billion swlss francs worth of foreign currencies in the foreign exchange market In the first 10 months this year, bank president Fritz Leutwiler said. In the same period. Swiss exporters of capital converted 12.1 billion francs
      Reuter  -  103 words
    • Article, Illustration
      Lock icon Financiers wait for a Thai strongman
      817 3  -  By DAVID ANDELMAN NYT MANY Industrial and financial leaders here are apprehensive In the wake of the military takeover of a month ago. While the government is clearly more conservative than It was In the three years of democratic rule that preceded it, there
      NYT  -  817 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      418 2 He is the new child in a new age. He needs the encyclopaedia for today. Britannica 3. £B 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
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      342 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Nov 17 at Singapore airport: Maximum temperature 29.6 C Associated humidity 76 Minimum temperature 22.7 C Associated humidity 100 Hours of sunshine 4.40 Rainfall in millimetres 4.8 Total rainfall for the month 184.1 Total rainy days for the
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      211 3 1. BANK OF AMERICA 2. CITIBANK 3. CHASE MANHATTAN 4. MANUFACTURERS HANOVER 5. CHEMICAL 6. MORGAN GUARANTY 7. CONTINENTAL ILLINOIS S. BANKERS TRUST 9. FIRST NATIONAL, CHICAGO 10. SECURITY PACIFIC 11. WELLS FARGO 12. 13. CROCKER NATIONAL 14. UNITED CALIFORNIA 15. IRVING TRUST 16. MELLON 17. FIRST NATIONAL, BOSTON 18.
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  • COMPANY NEWS
    • Article
      Metal Box S'pore 22pc up at midway
      403 4 THOUGH Metal Box Singapore has reported an Interim improvement of about 22 per cent In group profit, It Is apparently not out of the woods yet. The Increase has been due to a marked improvement In the performance of subsidiary Metal Box Thailand.
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    • Article
      M. Banking foresees further progress
      423 4 FUTURE growth at Malayan Banking is closely linked to the role envisaged for the private sector under the Third Malaysia Plan. Since the private sector is to provide the main thrust, the bank's chairman, Tan Sri Dato Talb bin Hali Andak says the challenge ahead
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    • Article
      Poor F & N interim so price hike likely
      394 4 Poor F N interim so price hike likely FRASER and Neave Is likely to Increase the selling price of Its soft drinks In Singapore before the end of the current year ending March 31, 1977 Judging by the latest interim results. For In the first six months ended Sept 30,
      394 words
    • Article
      Kulim shareholders set to do battle at the EGM
      1162 4 THE extraordinary general meeting to be held by plantation group, Kullm on Nov 26 Is to be the scene of a major shareholders' revolt. The meeting is being held to gain shareholders' consent for the deal whereby Kullm Is acquiring 5575
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    • Article
      PEOPLE IN BUSINESS
      171 4 AST LEY Si Pearce has announced the promotion of Mr. Tan Lian Seng as director of the company. Mr. Tan Is the first Singaporean director of the company. Mr. Alan Yeo Chee Yeow, managing director of Yeo Hlap Seng has been appointed a director of Australian Bacon,
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    • Company meetings
    • Article
      Kemayan Oil Palm
      87 4 KEMAYAN Oil Palm has told the the Kuala Lumpur Stock Exchange purchase price of MsBs per acre ($209.95 per hectare) Its wholly-owned subsidiary, Malaysia Agricultural Products, paid for a piece of land it recently acquired in East Malaysia was arrived at by negotiation. The price was negotiated
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    • Article
      DIVIDENDS ANNOUNCED
      341 4 Current Ex Date Total for Total for payment Date payable the year previous year B.M. Trustee* 15* Nov 9 Nov. 19 15* 15* T. Cement Pref. 6% Nov. 4 Nov. 22 12* 12* Tractors 30* Oct. 12 Nov 22 37.5* 25* Alcorn 10* Oct. 14 Nov 25 10*
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    • Article
      Pahang Con gets over troubled year
      505 4 PAHANG Consolidated had other problems to worry about during Its financial year ended July 31, 1976, apart from the big row over its connections with Faber Merlin. Its tin mining operations were beset by higher overheads as well as the general problems of tin
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    • Article
      KLSE asks for details of Pacific Bank deal
      207 4 THE Kuala Lumpur Stock Exchange has requested United Malacca Rubber Estates to furnish additional information on its purchase of one million MSI shares In Pacific Bank, a Malaysian subsidiary of the Oversea-Chinese Banking Corporation group. It asks the company to state: Whether
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    • Article
      New Setron subsidiary
      55 4 SETRON has Incorporated a wholly-owned subsidiary, Setron (Australia), in New South Wales with a nominal paid-up capital of Af 10,000 The new subsidiary will promote and distribute all the company's products In Australia and Is expected to commence operations next year. Setron says In a letter to
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    • Article
      CHICAGO BOARD OPTIONS
      1145 4 On November 16 PRICES on the Chicago Board Options Exchange were also higher on Tuesday, with 252 contracts up and 161 down. Turnover was 79,269,000 compared with 58,135 on Monday. OPTION JAN APL JLY STOCK Alcoa 45 7 3/4 NOL NOL 52 1/2 Alcoa SO 3 5/8
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      99 4 A wealth of answers to scientific phenomena LIFE SCIENCE LIBRARY M 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 theory mathematics the
      99 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon CVRD to issue 100m mark bond
      201 5 Reuter RIO DE JANEIRO, Wed. Cla Vale Do Rio Doce (CVRD) will issue its 100 million mark Eurobond on Dec 1 a CVRD spokesman said. The bond will have a maturity of eight years, and the issue will be led by Dresdner Bank. The
      Reuter  -  201 words
    • Article
      German loan carries 10-year life
      166 5 FRANKFURT, Wed. This month's expected 800 million mark German Government loan will probably be the first with a 10-year life for four years and looks certain to carry a 7V» percent coupon, primary bond market sources said. The sources said the Federal loan consortium, which
      166 words
    • Article
      Freeport Oil bid
      79 5 NEW YORK. Wed. Freeport Minerals said its Freeport Oil subsidiary, together with others, was the high bidder on five oil and gas tracts offshore Louisiana. offered for leasing by the Federal Government yesterday. Freeport Oil bid a total of A 530.8 million for a 25 percent interest
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    • Article
      Courtaulds expects to improve
      293 5 LONDON, Wed. Though Interim profit slipped 1.4 per cent, Courtaulds expects the second six months to more than make up for the shortfall with the full year showing an improvement over 1975/76. Reporting pre-tax profit down from £22.1 million to £21.8 million for the first six
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    • Article
      Sumitomo setback
      67 5 TOKYO, "Wed. Sumitomo Metal Industries has suffered a 78 per cent plunge In after-tax profit to 1.42 billion yen from 6.37 billion yen for the first half-year ended Sept. 30, 1976. The big setback came on the back of a seven per cent fall In sales to 518.93
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    • Article
      Charter Con enjoys lift
      201 5 LONDON, Wed. Charter Consolidated, which holds a 13 per cent stake in Haw Par Brothers International, has enjoyed a 23.2 per cent Increase in pre-tax profit to £20.6 million from £16.72 million in the first six months ended Sept 30, 1976. Net profit of the company,
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    • Article
      IBM
      65 5 ATLANTA, Wed. International Business Machines Corp announced two new, small computers, priced from US$lO,OOO to $100,000. IBM does not intend to offer any price discounts on its newly introduced minicomputer system, Mr. Jack Rogers, president of IBM's general systems division told reporters. Mr. Rogers said the Series/1 Model 3
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    • Article
      Royal Insurance profit soars
      246 5 LONDON, Wed. A big reduction in underwriting losses and a hefty Jump In Investment Income has raised pre-tax profit at Royal Insurance by 135 per cent to £53.1 million from £22.6 million for the first nine months ended Sept 30,1976. The underwriting loss was down by
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    • Article
      Lock icon NYSE limit order book may change
      160 5 Reuter CHICAGO, Wed. New York Stock Exchange chairman, Mr. William Batten said there Is a reasonable prospect that the eight principal securities markets, through the National Market Association, will develop an alternative to the concept of a consolidated limit book before the year end.
      Reuter  -  160 words
    • Article
      Funds-flow disclosure
      66 5 LONDON, Wed. The UK Consultative Committee of Accountancy Bodies said It would welcome earljr legislation requiring companies to include a fundsflow statement In annual accounts, together with details of short term debt and pension funds. However, in its response to a Trade Department discussion paper, the committee says
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    • Article
      Sankyo
      24 5 TOKYO, Wed. After-tax profit at Sankyo fell from 1.33 billion yen to 809 million yen in the first six months ended Sept 30,1976.
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    • Article
      Lock icon Kresge profit rises
      235 5 Reuter NEW YORK, WED. On sales up by 24.5 per cent to US$2.O3 billion from $1.63 billion, S. S. Kresge has reported third quarter net profit up bv 39.8 per cent to $55.49 million from $39.68 million for the third quarter ended Oct 27. 1976. For the
      Reuter  -  235 words
    • Article
      JC Penney buoyant
      105 5 NEW YORK, Wed. Net third quarter earnings at J.C. Penney rose by 27.7 per cent to U5562.3 million from $48.8 million on sales up by 10.5 per cent to $2.11 billion from $1.9. billion. This brought the nine month profit to $123.1 million compared with $80.3 million
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    • Article
      Lock icon Needham seeks top job
      1130 5 THE LOT OF EX-NYSE HEAD NYT NEW YORK, Wed. Last Friday morning, Mr. James J. Needham joined a dozen other business executives, labour leaders and government officials for a meeting of the capital and technology committee in Vice President Rockefeller's conference room in Washington. Mr. Needham's
      NYT  -  1,130 words
    • Briefly
      • Article
        Hudson plunges
        88 5 TORONTO, Wed. Hudson Bay Mining and Smelting has suffered a net loss of C 52.89 million, for 29 cents a share. In the third quarter of this year. In the previous corresponding period it had a profit of $1.61 million, or 17 cents a share. The loss was
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      • Article
        Sanko
        45 5 TOKYO, Wed Despite a 21.8 per cent rise in sales to 167.6 billion yen from 137.6 billion yen, after-tax profit at Sanko Steamship plunged 90.5 per cent to 256 million yen from 2.69 billion yen. It Is paying an unchanged dividend of 3.50 yen.
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      • Article
        WEC holds talk
        79 5 NEW YORK, Wed. Westlnghouse Electric Corp is discussing ways to reduce its equity position In Its Belgian subsidiary Ateliers De Constructions Electrlcques de Charleroi (ACEC), in which Westinghouse holds a 67 per cent interest, group president Mr. D.D. Danforth told analysts. He said Westlnghouse expects to have
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      • Article
        Ricoh
        58 5 TOKYO, We d. On a sales rise of only 26.2 per cent to 66.54 billion yen from 52.71 billion yen, Ricoh has been able to raise after-tax profit by 97 per cent to 2.07 billion yen from 1.05 billion yen for the first six months ended Sept 30. 1976.
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      • Article
        Lock icon C Range
        96 5 Reuter NEW YORK, Wed. Copper Range said it plans to enter into a letter of intent with Louisiana Land and Exploration for the acquisition of Copper Range by Louisiana Land. Copper Range said its sale will be effected through the exchange of 0.825 of a Louisiana Land share
        Reuter  -  96 words
      • Article
        SHK
        52 5 HONGKONG, Wed. Sun Hung Kal Properties said its bid for the outstanding shares In Nationwide Realty and Enterprises received 85.8 per cent acceptance and it now owns 17.26 million of Natlonwlde's 18 million nominal HK$l shares. It added It extended the cash offer of 68 cents a share until
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      • Article
        Sodra
        46 5 LONDON, Wed. The expected coupon on the Sodra Skogsagarna US$2O million Eurobond, due 1986, has been increased to 9ft per cent from 9ft originally indicated, Hambros Bank said as issue lead manager. The date for finalising of terms has been put back to Nov 23.
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      • Article
        Korea
        51 5 HONGKONG, Wed. The Korean Development Bank (KDB) is floating a US$2O million, five-year Eurobond issue with a coupon expected to be around 9ft per cent, bond market sources said. The Issue is scheduled to be priced later this month and will be listed in both Luxembourg and Singapore, they
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      • Article
        Fairchild
        57 5 LONDON, Wed. Fairchild Camera's US$2O million convertible Eurobond due 1991 will have a coupon of sft per cent and be priced at par, Salomon Brothers International said as lead manager. The Issue will have a conversion price of $45 ft, representing a premium of 14.83 per cent over last
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      • Article
        World Bank
        98 5 NEW YORK, Wed. Negotiating syndicate headed by Salomon Brothers said it tentatively priced US$5OO million of trlple-A rated International Bank for Reconstruction and Development (World Bank) notes and bonds for proposed offering today. The group said it priced $250 million of notes, due 1986, at 99.80 with a
        98 words
      • Article
        Barclays
        72 5 JOHANNESBURG, Wed. Pre-tax profit at Barclays National Bank rose from 44.16 million rands to 48.99 million rands for the year ended Sept 30, 1976. Tax was 20.23 million rands (16.02 million rands), leaving 28.76 million rands (28.14 million rands). Earnings per share were 54.02 cents (52.86 cents). Barclays has
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    • Article
      Lock icon Sprague accepts G. Cable offer
      660 5  -  By ROBERT METZ NYT NEW YORK, Wed. General Cable's premium bid for Sprague Electric, announced after the close of trading last Friday, powered Sprague shares to a 6% point gain on Monday at 19%. The shares traded as high as 19% on a 309,600-share turnover
      NYT  -  660 words
    • Article
      Lock icon MIM chief: World markets uncertain
      195 5 Reuter BRISBANE, Wed. Uncertainties in world markets will be greater In the coming year than ever before, MIM Holdings chairman, Sir James Foots said. He told the annual meeting he did not have the confidence forecast of this year's earnings on the basis of results
      Reuter  -  195 words
    • Article
      Lock icon AT & T head hits out
      283 5 AT T head hits out NYT NEW YORK, Wed. The negative reaction to the American Telephone and Telegraph Company's recently announced billiondollar quarterly profit "shows that the press and public needs a lesson In economics," Mr. John Debutts, chairman of the board of the company said. "What brought such prominence
      NYT  -  283 words
    • Article
      Lock icon Anti-trust suit
      116 5 Reuter WASHINGTON, Wed. A US district court judge ruled that the Justice Department's 1974 anti-trust suit against American Telephone and Telegraph may proceed despite the company's contention the department was invading the jurisdiction of the Federal Communications Commission. Judge Joseph Waddy made the ruling orally from the bench,
      Reuter  -  116 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      39 5 SOLD AND SERVICED SINCE 1968 BY \7 A \5/[§MKRD spo® H®' a mimbcr of tmi wiahni CABLE: WEALCO. TELEX: WEARNES RS ***** TEL: 655-744 (5 Lines 3, GUL CIRCLE, P.O. BOX 233, JURONG TOWN POST OFFICE, JURONG, SINGAPORE 22.
      39 words
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  • Article
    Share Information Service
    1988 6 SECTION ONE INDUSTRIALS 1976 High Low Company La «t Sale +0CGr's Div c'vr Gr's y'ld P/E Vol C0OO) Day High Low 250 206 100 237 186 402 204 248 460 137 170 172 60 185 66 254 149 172 394 39 Acma Alcorn Allied Choc Bata Ben
    1,988 words
  • Article
    Transactions in Singapore
    1228 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett." Big Board
    1,228 words
  • Article
    Unit trusts
    149 6 SINGAPORE UNIT TRUST (Manager's price* for Nov 18) The Commerce 1.88 1.78 Th* Savin f Fund 0 87 1 02 S pore Prof Fund 0.81 0.86 S'pore Security Fund .1.25 1 32 Spore Invest Fund 1.01 1.07 ASIA UNIT TRUST (Manager'! price* for Nov 18) Mai Invert Fund
    149 words
  • Article
    Government and corporate bonds
    372 6 S'pore Govt 5 1/2% Taxable Loan No 2 With A I 1975/I*t Dec 1977 (1,000.000) (101.688 101.788) S'pore Govt 5 1/2% Taxable Loan No I With A I 1976/lSth Apr 1978 (1,000,000) (101.638 101.728) S'pore Govt 6 3/4% Taxable Loan No 1 With A I 1975/Isth
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  • Article
    In Kuala Lumpur
    1098 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified Industrial* A|in*m*ta (l SJBi Alaam (2.158) (1) 2.10. AMI. Maid (0 908).
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      247 6 "'h'3&&£sM,« -*C Vr'V i^-S• J.*Z*k. v. n>; .*> SST# i.« V V y "jf* t~ •e V' ?f¥ <••--? i.wm V&Zs*k \7J% v •r. Mm .-x' <• A Mi >r 1-H5 V« II •A' if'>n WMm •v- '<•:• V,v i &«<£ 'S- y'i <3 1 i il L L J
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  • Article
    Easier bias persists
    484 7 INTEREBT remained generally lacking end price* continued to move on an easier bias at the Stock Exchange of Singapore yesterday. Support, if any, was confined to a handful of the lower-priced issues in which the downside risk was •mall. Institutions and the bigger investors were by and
    484 words
  • Article
    KLSE still indifferent
    470 7 SHARES were traded without range ot volume on the Kuala Lumpur stock market yesterday. Investors and speculators who had hoped for the market to move following news of the full agreement reached between Petronas and the oil companies must have been disappointed. The market did not react
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  • Article
    Lock icon Australian bonds
    70 7 Reuter CANBERRA, Wed. Australian Treasurer Phillip Lynch said negotiations for the government's US$2OO million bond issue in the US have beeen completed. The loan consists of $125 million of 8.125 per cent seven-year bonds priced at 99.875 and $75 million of nine per cent 20-year bonds priced at
    Reuter  -  70 words
  • Article
    Lock icon NCR
    30 7 AP WASHINGTON, Wed. The Dayton-based NCR Corp. has been holding discussions with officials of China about possible sale of sophisticated computers for use in that country's banking industry. ap
    AP  -  30 words
  • WALL STREET AND OTHER OVERSEAS MARKETS
    • Article
      New York
      1110 7 NEW YORK: The stock market on Tuesday. In an apparently conciliatory mood toward the Incoming Presidency of Mr. Jimmy Carter, closed generally higher over a broad front In one of the heaviest trading sessions since the national elections two weeks ago. On the big board, where activity had
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    • Article
      Amsterdam
      312 7 AMSTERDAM: Shares generally fell on Tuesday, and losses tn Dutch Internationals were led by Akso and Hoogoven* ahead of their third quarter figure due later this week, dealers said. Philip* lost some ground on Its nine-month figures and forecast for the whole year published before Tuesday's session. UnH»vr. with
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    • Article
      Zurich
      299 7 ZURICH: The market closed Irregularly higher In generally quiet dealings on Tuesday, with sentiment bolstered by Monday's recovery on Wall Street, dealers said. The Credll Suisse index rose 0.4 point to 204.2 Leading banks were little changed, while Insurances ruled barely steady. Bally continued Its recovery In flnanclals. Forbo
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    • Article
      Jo'burg
      380 7 JOHANNESBURG: Gold shares continued easier on Tuesday, after a steadier period around noon as overseas indications remained weaker, but with a bullish sentiment about future price trends, dealers said. Randfontein dropped sharply to 3,500 after 3,650 last night. Financial minings were easier later, with Anglo* five cents down at
      380 words
    • Article
      Frankfurt
      274 7 FRANKFURT: Most shares rose In quiet trading on Tuesday, on some investment demand and in the wake of Wall Street's firmer trend, market sources said. Deutsche Baak led banks up to 3.50 marks higher, while among steels Mannesmann rose three. In motors, BMW rose 4.30, Daimler 2.50 and VW
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    • Article
      Milan
      155 7 MILAN: Stocks were mixed with a lower bias on Tuesday. Bourse sources said. Anic, Baitofi, Montediton, Olivetti Ordinary and Pirelli Spawere among stocks to weaken. Firmer stocks Included Fiat, which gained two per cent, Asaicurazioni Generalin and Olivetti privileged. Snia Viacoaa, which told unions of plans to re-group some
      155 words
    • Article
      Paris
      406 7 PARIS: The market was generally lower on Tuesday, led by steels which were affected by the communist parliamentary proposal to nationalise the sector and by rumours that the industry may make several thou- sand workers redundant next year, dealers said. The rise In unemployment to over a million on
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    • Article
      Toronto
      337 7 TORONTO: Share prices plunged in all sectors of the Toronto Stock Exchange on Tuesday, dragging the Industrial Index down four points, Its largest drop in more than two years. Banks, papers, Quebec-based industrials, and mining Issues paced the retreat In wake of the Parti Quebecols Quebec election victory. Bell
      337 words
    • Article
      Brussels
      181 7 BRUSSELS: Share prices closed mixed to lower in calm trading on Tuesday, with no new factors, Bourse sources said. Sotvay, Inter bra bant, Geomines and Traction rose but BMicro, Asturienae, FN, Tabacoflaa and CBR all fell. In foreign stocks, US were unchanged to lower. German and US rose, Dutch
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    • Article
      Sydney
      422 7 SYDNEY: The market sank to a new low for the year on continued selling across the board on Wednesday, dealers said. The Sydney All-Ordinaries fell 4.22 points to 414.68. They said current market sentiment Is very bearish In view of the economic climate, the government's liquidity squeele and depressed
      422 words
    • Article
      Hongkong
      376 7 HONOKONO: Bhare price closed little changed after a easier opening In very quit trading on Wednesday, dealei said. The Hang Seng index rose 0.4 point to close at 385.96. Tur nover on the four exchange totalled $20.06 million compare with Tuesday's total of $22.1 million. The lack of news
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    • Article
      Manila
      134 7 MANILA: Mining and oil Issues were slightly firmer in dull trading on Wednesday, dealers said. Oils firmed on reports of electric logging tests on the north Nldo and one confirmatory well off Palawan, and mining leaders firmed In sympathy despite the easing of metals prices. NOV. 17 Pe*>s Acoje
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    • Article
      Bangkok
      83 7 NOV 17 Bahts Asia Fibre lias unch Bangkok Bank 231 unch Bangkok Invest. Bangkok-Metro-politan Bank 148 Bata 33S Berll Jucker 145 -12 Charoong Thai Wire 143 Dumex Duslt Thanl Faber Merlin First Trust 169S unch Indo-Thal J And J Ho 145 Jalaprathan Cement 72 +2 Karnasuta 358 1 Lee
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    • Article
      Tokyo
      533 7 TOKYO: The market closed lower on Wednesday but about the day's lows, dealers said. The Dow Jones average fell 4.52 to close at 4,514.10 with volume 210 million shares. The New Index closed at 346.00, down 0.07. Export-oriented shares, especially motors, lost (round In early trading on reports that
      533 words
    • Article
      Indices
      103 7 FINANCIAL TIMES INDUSTRIALS Tuesday 310.2 Monday 311.8 Week ago 295 8 TINS Tuesday 121 80 Monday 122 28 Week ago 117 51 RUBBERS Tuesday 488 89 Monday 490 66 496 07 OILS Tuesday 376 28 Monday 374 53 Week airo 354 39 DOW JONES AVERAGE INDUSTRIALS Tuesday 935 34
      103 words
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      Page 7 Advertisements Column 1
      176 7 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who
      176 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Rubber market
      657 8 OPENINO quotations hi the Singapore rubber market were marked around Tuesday's levels despite higher London advices but later prices firmed slightly on some covering Interest, dealers said. Past noon, the market fell back to around opening levels as buying interest diminished. Forwards were lightly traded on outright and
      657 words
    • Article
      SSR and SMR
      122 8 DAILY SSR and SMR prices at noon yesterday: Dec. Jan. HAS. (Current Mth) (For ward Mth) Buyer* Seller* Buyer* Seller* (cm it* per kg) (cent* per k|) SSR 20 (1-ton Pallets) 190 50 191 50N ***** 192 50N SSR 50 (1-ton Pallets) 188 00 190 OON 189
      122 words
    • Article
      Straits tin
      236 8 THE Straits tin prlct In Penang yesterday rose $1.00 to close at $1,230.00 per plcul on an official offering down 115 tonnes to 195 tonnes. fn LONDON on Wednesday, tin showed gains of £18 per tonne for Cash and about £5 for Three Months. Despite the very steady
      236 words
    • Article
      Closing prices
      28 8 Rubber: Nov 17 Singapore: Dee. 207.25 eta (down 0.25 ct.) Malaysia: Dee. 213.25 eta. (unch) Tin: 51,230.00 (up $1.00) Official offering: 195 tonne* (down 115 tonnes)
      28 words
    • Article
      Palm oil
      131 8 THE following Palm Oil prices were quoted In London on Tuesday. The prices are elf Rotterdam and are quoted In US dollars per long ton unless otherwise stated. Tuesday Prev. Malaysian 5% ffa bulk Dec Jan Feb Sumatra 5% Nov Dec Jan Feb Mar Apl Nigerian 5% ffa
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    • Article
      Lead
      88 8 LONDON, Wed Lead finished the ring mostly unchanged for both Cash and Three Months. The market lacked any fresh feature of Its own and generally held steady In line with copper although firmer sterling shaded values slightly from pre-market levels. Some cash buying aided the tone and boosted turnover
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    • Article
      Produce prices
      248 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk $74 sellers old drum 179 sellers, new drum >84 sellers. Copra: Mixed (loose) UK/Cont. W buyers. Pepper: Muntok AST A white f.o.b 100% NLW *317* tellers, Sarawak white f.o.b. 96% NLW $300 sellers, Sarawak special
      248 words
    • Article
      Copper
      241 8 LONDON, Wed Copper wlrebars gained fully £2.50 per tonne for Cash and £2 for Three Months. Values were steady at the start of pre-market trading reflecting the New York close but soon fell back from £824 down to £819 for Three Months under light liquidation prompted by the steadiness
      241 words
    • Article
      Gold
      370 8 IN Singapore yesterday the loco London gold price opened at US$l33/133.50 and was traded down to $131.25/ 131.75 at the close of the day. Trading was active and the decline was a continuation of the easier trend In London and U8 markets on Tuesday. The- London morning fix was
      370 words
    • Article
      Zinc
      76 8 LONDON, Wed Zinc was up £1 for Cash and £0.50 for TTiree Months. This market was a quiet affair with a few scattered buying orders prompted by the tone of copper being fairly well met at steady levels. Sales of 2,025 tonnes were about half carries. On Tuesday afternoon,
      76 words
    • Article
      Silver
      226 8 LONDON, Wed 811 ver lost between 3.2p and 4.0p per troy ounce. Steady sterling, lower gold and the bullion dealers fix all combined to depress values during morning trading, dealers said. Three Months fell from 275.5p down to 273.0p on the pre-market but partly recouped losses on bear covering.
      226 words
    • Article
      Coffee
      204 8 LONDON, Wed. Robusta futures opened heslstant £17 to £5 higher compared to Tuesday's close with 75 lots traded. Initial trading was limited with Mch trading within a range of £2,343 to £2,338 at the opening call. Later prices held about steady with only minor fluctuations recorded. Dealers said market
      204 words
    • Article
      Rice
      134 8 BANGKOK, Wed. Indicative prices for rice quoted yesterday were: US dollars per tonne FOB basis Bangkok. Loonzaln: Unchanged. Parboiled: Unchanged. Maize: Unchanged. In HONGKONG yesterday, the market was quiet with prices unchanged. The day's turnover totalled 349 tons comprising Thais 109, Kwangtungs 170 and Australias 70. Arrivals were from
      134 words
    • Article
      Sugar
      195 8 LONDON, Wed. Sugar futures recorded opening call gains from Tuesday of £2.15 (near Dec at £127.25 bid) to £3.65 per long ton although the official tone was barely steady. The London dally raws price was fixed £2 higher at £122 but whites were unchanged at £157. On Tuesday, terminal
      195 words
    • Article
      Soybeans
      149 8 CHICAGO, Tues. Soybean futures recovered Monday's sharp losses by closing with gains of 21* to 17 cents a bushel. Improved demand In European markets ahd the Increase In export Inspections last week prompted early buying which took prices higher but speculative Interest waned on early weakness in soybean oil
      149 words
    • Article
      Wheat
      139 8 CHICAGO. Tues. Wheat futures closed ltt to 5V4 cents a bushel higher on a relatively light trade. Early gains In corn and soybean futures stimulated buying In wheat but the early advance faltered and prices later ranged to both sides of the previous close. Renewed buying Interest in other
      139 words
    • Article
      Duty rates
      63 8 THE Malaysian Minister of Finance has fixed these rates for the period from Nov. 18 until further notice: Rubber 97 tfc cts a lb. Copra $720 a ton. Palm kernel $235.25 a ton. The rates of duties payable are: Rubber 13V4 cts a lb. (Surcharge 6H cents a
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  • MONEY AND EXCHANGES
    • Article
      Singapore
      629 8 STERLING continued to hold strongly to its bullish position yesterday, supported by both genuine commercial buying and a touch of speculation. Opening at the U551.6480 level In the morning It moved up to as high as U551.6523 when London came in. Dealers In the market said that sterling is
      629 words
    • Article
      Asian $ rate
      146 8 Asian rate ASIAN currency deposit interbank rates as at cloae on Nov. 17. US Dollar* (Spat) Offer Bid 7days 1 mth 2 mths 3 mths 8 mths 9 mths 12 mths 51/16 47/» 55/16 57/16 513/16 515/16 61/4 Sw. Fn. 415/16 43/4 5 3/16 5 5/16 511/16 513/16 61/6 Dm*
      146 words
    • Article
      Discount market
      47 8 RANOE of price* offered by discount houses on Nov 17: Overnight 2 to JH Call deposit 2'* to 3N Buy Selling 3-Month Treasurer bills 3-Month Bank bills 3-Month CD 8-Month CD 31/16 4 41/10 41/2 215/18 3 7/# 315/16 4 3/8 Source: National Discount Co
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    • Article
      Euro $ rates
      163 8 Euro rates LONDON, Wed. Period Eurodollar deposit opened lower up to six months reflecting the Friday dealing technicality, while longer positions and shorts were little changed, dealers said. The recent quiet trend continued In periods with prime Interest fairly light, although lesser names were paying up for funds. Initial fosses
      163 words
    • Article
      London
      303 8 LONDON, Wed. Sterling traded quietly above the US$l.65 level, holding the gain of almost one cent made in New York on Tuesday, dealers said. They said strong New York buying of sterling, apparently on renewed optimism of some solution to the problem of the sterling balances, following UK Government
      303 words
    • Article
      New York
      190 8 NEW YORK, Tues. The Canadian dollar closed lower here and In Canada, but above lows touched earlier amid nervous selling following the French Separatist Parti Quebecols victory In the provincial election on Monday. The Canadian dollar closed at U551.0224/ 26 from 1.0205/08 In London 1.0232/ 34 overnight here.
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    • Article
      Tokyo
      110 8 TOKYO, Wed The US dollar for overnight delivery closed slightly higher at 295.25 yen, compared with 295.20 at the opening and 295.10 at Tuesday's close, dealers said. The US currency briefly declined to 294.90 In early trading as traders sold spot and forward dollars to cover export contracts, mainly
      110 words
    • Article
      Hongkong
      111 8 HONGKONG, Wed. The US dollar declined further In busy trading to be quoted at HK54.7595/7620 In late business, Its lowest level since early March 1975, dealers said. At midday the US dollar stood around $4.7600/7650 compared with $4.7790/7810 on Tuesday and $4.8270/8300 at the start of November, they added.
      111 words
    • Article
      Treasury bills offer
      41 8 THE Monetary Authority of Singapore (MAS) Invites banks and discount houses to tender for a total of $30 million 91-day Treasury bills to be Issued from Nov 22 to 26. Each tender must not be less than $20,000.
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    • Article
      Minimum lending rates (in %)
      61 8 Minimum lending rates (in acbc .6*4 Algemene Bank 7 Bangkok Bank .7* Bank of America 6*i Bank of China. .V/t Bank of Tokyo -6V, Bank Negara Indonesia .IVt Chartered Bank .6* Chase Manhattan 6*« DBS .6 V, First Chicago 6^» Citibank 6% HSBC 7 Indosuez 7 Malayan Banking 6*« Mitsui
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    • Article
      Zurich
      39 8 ZURICH exchanges quoted on Nov 16: US 2.4421-4429 UK 4.0125-0155 Can 2.4895-4915 W'Germ 100.98-101.05 Neth 96.55-63 France 48.99-49.03 Belg 6.58-1/4-59 Denm 41.19-23 Norw 46.15-19 Swed 57.72-77 Italy 0.2822-2825 Austria 14.21-24 Port 7.76-79 Spain 3.57-57-1/2 Arg 1.25-2.25 Japan 0.82-3/4-83-1/2
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    • Article
      Australia/NZ
      52 8 AUSTRALIA/NZ exchanges quoted on Nov 17: Australia: Sterling 0.7521/0.7443 US dollar 1.2359/1.2309 Ninety day air mail buying rates: Sterling 0.7863, US dollars 1.2639 Ninety day forward buying rates: Sterling 0.7609, US dollars 1.2199 New Zealand: Sterling 0.5889/ 0.5854 US dollar 0.9719/ 0.9619 Ninety day forward rate: Sterling 0.6329, US
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    • Article
      Eurobond prices
      383 8 LONDON, Wed. Eurobonds traded steady to a shade firmer in places in generally quiet conditions, dealer said. US issues gained up to following the higher American markets and on hopes of slightly lower short term Interest rates, dealers added. In first time dealings the Canada Trustco Mortgage Co
      383 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      443 8 Vbu have only one face make the best of it. Advice from Business Times. If your corporate face isn t as good as it could be Business Times can help change it for the better. Few people place their trust in a total stranger. This has to be one of
      443 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article, Illustration
      Lock icon Three US firms bid for $2.4b aircraft order
      617 9  -  By ROBERT CRABBE UPI THREE American aircraft makers today are competing for a billion dollar (552.4 billion) fighter plane order in Japan, where the government Is still trying to scrape the mud of the Lockheed scandal off its shoes. Japan s sell-Defence
      UPI  -  617 words
    • Article, Illustration
      IN PORT
      464 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Andromachl (SVUB) (0600 after Ithaki) 31/32 Barge Hup Huat No. 23 (0100 a/slde Perseus) 38/39 Barge Tal Chin (0100 a/slde Perseus) 38/39 Hosel Maru (JGHY) (Car Carrier) (1300 after SBS III) 48 Lautan Satu (0800 Req. Ramp) 22 Montana (WXGO) (after Hoegh Opal)
      464 words
    • Article
      Lock icon Special roundtrip offers on QE2
      152 9 NYT LONDON, Wed. Special packages being offered to round-trip passengers on the Queen Elizabeth 2 on her Trans-Atlantic crossings next year include a free voyage In one direction. To qualify for the offer, passengers must sail to Europe on one of four departures and return
      NYT  -  152 words
    • Article
      Lock icon Freight market worsens
      202 9 AP LONDON, Wed. Transatlantic grain rates took a turn for the worse yesterday as lower payments were accepted by November loaders In both the Oreat Lakes and US Northern Range. The "Rubens" agreed to the considerable drop of US$lB (FIO) for a 17,500tonne Lakes shipment to the
      AP  -  202 words
    • Article
      Lock icon Yasushi is refloated
      73 9 Reuter MANILA, Wed. A Philippine tugboat has refloated a Panamanian ship which hit a reef and ran aground off Northern Borneo, the Rescue Co-ordination Centre In Manila said today. The 3.974-tonne motor vessel Gloria Yasushi was understood to be sailing to the Southern Philippines port of Zamboanga
      Reuter  -  73 words
    • Article
      Lock icon Tokyo team for Manila
      65 9 AP TOKYO, Wed. An 11man Japanese engineering mission left for Tokyo for Manila today to carry out a preliminary survey on construction of flood warning systems on Luzon Island. The one-month survey on the Island's Agno, Blcol and Cagayan rivers alms to Install a system similar
      AP  -  65 words
    • Article
      $2.5 mil tin dredger
      70 9 PENANG, Wed. A M 12.5 million tin dredger built by the Penang Shipbuilding Corporation was today delivered to P.T. Koba, a mining company operating In Banka Island of Indonesia. The bucket dredge Is designed for operation In alluvial deposits under tVoplcal conditions. The dredge Is self-contained
      70 words
    • Article
      Lock icon Defective cars
      65 9 Reuter DETROIT, Wed. The Ford Motor Company today announced the recall of almost 400,000 small cars because of a suspected defect that could result In engine fire. The company said In a statement that some 393,500 1976 models of the Pinto, Bobcat and Mustang II cars with 2.3-lltre
      Reuter  -  65 words
    • Article
      Enough orders to keep MSHI busy till end of the year
      355 9 MITSUBISHI Singapore Heavy Industries (MSHI) will complete repairs this month on a total of 13 vessels (Including five VLCCs) since August, and has enough orders to keep it busy till the end of the year. Asked if MSHI has
      355 words
    • Article
      Lock icon Walkout by Italy's largest airport workers
      125 9 AP ROME, Wed. Traffic at the Leonardo Da Vinci International Airport of Rome, the largest in Italy, was heavily curtailed for the second straight day today by striking personnel. A 14-hour walkout of airport workers was called by unions today to protest against the
      AP  -  125 words
    • Article
      Lock icon Ship fire
      40 9 Reuter JEDDAH, Wed. Several hundred Muslim pilgrims escaped unhurt from a ship here on Saturday after a fire swept through the Blue Sea, eye witnesses said. All the pilgrims were evacuated to safety but they lost their belongings.
      Reuter  -  40 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      549 9 ARRIVALS Service Loca J Operator Number Time From OA OA472 0035 SYD SAS SK988 0700 HLP SLA SQ211 1010 HLP CPA CX710 1030 HLP OIA OA980 1030 HLP OLA OA906 1100 MES PAL PR501 1115 MNL SLA SQ201 1200 HLP SLA SQ240 1205 MES OLA GA895 1215
      549 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      48 9 SUPPLY BOAT FOR SALE Name Tjahaja Maluku No. 1 Flag Panamanian Built November, 1967 Dimensions 35 x7x 33 meter Engine 450 PS Cargo Space 180 Tons Cargo Oil Tank 175 M 3 Inspectable in Eastern Road in S'pore Interested please contact:Trans Pacific Enterprise Pie. Ltd. Tel. No: *****09
      48 words
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      Page 9 Advertisements Column 2
      181 9 in/IGHT HOLIDAY/" The Executive's Travel Agent Suite 102.Cathay Building Mount Sophia N Singapore 9 Telephone *****2. vi. AT V Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Hmes BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail
      181 words
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  • Article, Illustration
    Suez region alive again despite a cloudy future
    996 10  -  $2.4 BILLION SPENT ON REBUILDING WAR-TORN CITIES By ELIAS ANTAR IN THE three years since the last war with Israel, the cities along the Suez Canal have been largely rebuilt and nearly 900,000 people have returned to their homes. But long-range plans
    996 words
  • Article
    Lock icon Students vanish after mass arrests by Soweto police
    656 10  -  By MICHAEL HUGHES Reuter SOWETO'S students, who have been in the vanguard of black protest here, have disappeared from the schools and streets'of the ramshackle township after mass arrests by police. Now only young children are seen playing in the dusty streets.
    Reuter  -  656 words
  • Article
    Lock icon The case of the vanishing villas
    959 10  -  This week Italians with assets abroad have to declare them and pay taxes on them or bring them home. For those with villas in Swiss resorts, this is bad news. Some will pay the taxes, but it is expected that a certain number of
    Financial Times  -  959 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      592 10 APPOINTMENTS An expending electronics company requires ELECTRICAL/ELECTRONIC ENGINEER Must have at least 3 years design and development experience in radio or television products. Must have a degree or diploma in electrical or electronic engineering. MECHANICAL DESIGNER Must have at least 3 years in mechanical design of plastic and metal products
      592 words
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      Page 10 Advertisements Column 2
      635 10 MARKETING MANAGER DESIGNATE An International Trading Company setting up in Singapore, invite applications for the position of Sales Executive. We are looking for a dynamic, experienced and imaginative executive to initially fill the role of a Field Supervisor, who would upon successful performance become the Marketing Manager. He would manage
      635 words
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      1088 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: tr-f; y A
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  • Article
    Lock icon Still no go for US car pact
    190 12 AP DETROIT, Wed. As United Auto Workers officials prepared to announce the outcome of ratification voting on a new three-year contract with Chrysler Corporation today, there were signs the accord might be running into trouble with some of Chrysler's 118,000 UAW members. Skilled
    AP  -  190 words
  • Article
    Lock icon Allied Chemical sued for $21b
    161 12 AP NEWPORT, (Virginia), Wed A US$B.B billion (5521.5 billion) suit has been filed for 10,000 persons who earn their living in the seafood Industry against Allied Chemical Corporation in connection with kepone contamination of Virginia waterways. An attorney for Allied declined comment on the suit,
    AP  -  161 words
  • Article
    LONDON STOCKS
    778 12 LONDON, Wed The stock market closed mixed after a very quiet session and at 3 p.m.. the Financial Times index was down 1.4 at 308.8. The feature today was the exhaustion of the government broker's supplies of the treasury 14 per cent 1982 TAP' stock in active trading.
    778 words
  • Article
    People's Front merges with WP
    190 12 TWO opposition parties, the Workers' Party and the People's Front, have merged. Announcing this yesterday, they said the move is an attempt to serve the people of Singapore better. While the names of candidates will not be revealed until nomination day, the party said candidates
    190 words
  • Article
    ACCORD ON ASEAN POSTS IN JAKARTA
    164 12 AGREEMENT has been reached on the allocation of positions in the Association of South East Asian Nations (Asean) Secretariat in Jakarta at the second meeting of the Asean Standing Committee In Singapore yesterday. Seven posts were announced including those for the Bureau directors of
    164 words
  • Article
    Clauses in double tax pact extended
    107 12 SINGAPORE and Sweden have agreed to extend for another five years certain paragraphs of the double taxation agreement between the two countries first signed in 1969. I Under these paragraphs Sweden will allow taxi matching credits on interests and dividends derived from sources within
    107 words
  • Article
    SUITS
    67 12 PHOA Realty was sued at the High Court by Far Eastern Bank yesterday for $317,277 allegedly for money due and owing. Writs were also filed against Ben and Company by El Wade Export for $78,291; Cemtrade Singapore and Richard Chang by Jurong Cement for $194,292; Yap Swee Hong and
    67 words
  • Article
    Seminar for managers
    56 12 A TWO-DAY seminar entitled "Improving manager's effectiveness", will be conducted at the Marco Polo, Tanglln Room, today and tomorrow, aimed at middle level executives. Conducted by Consulasla Pte, the seminar leaders will be Mr. Sidney Callls, a management consultant, and Mr. Garry Prior, a solicitor. The two
    56 words
  • Article
    Winds of change blowing Ben's way
    457 12 AT TOP MANAGEMENT LEVEL A CHANOE of management is being negotiated for Ben and Company as a result of its planned merger with Warehousing and Transportation Pte Ltd. It is understood that under the terms of the agreement (which is still highly tentative) with
    457 words
  • Article
    Lock icon US tin surplus as buffer stock ?
    336 12 US tin surplus as buffer stock Reuter LONDON, Wed The United States has declared that some 200,000 tonnes of tin are now surplus to America's stockpile requirements. This is stated In the November Issue of Tin International, on the basis of recommendations made by the US agency responsible for deciding
    Reuter  -  336 words
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    Lock icon Trudeau will fight separatist move
    339 12 AP Reuter OTTAWA, Wed. Prime Minister Trudeau made clear yesterday that Ottawa will not allow the separatist Parti Quebecois to pull Quebec out of the confederation unopposed. Mr. Trudeau', members of his Cabinet and members of federal opposition parties, all delivered substantially the same response
    AP; Reuter  -  339 words
  • Article
    Lock icon Transfer of power to Carter stepped up
    334 12 AP Reuter WILLIAMSBURG (Virginia), Wed. Plans for the transfer of power from President Ford to Mr. Jimmy Carter have accelerated this week with the announcement of two high-level meetings. Dr. Henry Kissinger, Secretary of State, will go to Plains, Georgia (Mr. Carter's hometown)
    AP; Reuter  -  334 words
  • Article
    Wardley manages $20mil loan
    170 12 WARDLEY Ltd Is lead managing a Hongkong dollar syndicated loan of five years maturity. The HKS4S million (5120.3 million) loan to Panamanian Owner Companies. Is Interesting in that the borrower company is wholly controlled by the Republic of Vietnam. Also Interesting is the fact that the
    170 words
  • Article
    THIRD-PLAN BORROWINGS
    81 12 KUALA LUMPUR. Wed. To date Malaysia has obtained MJ239.2 million ia foreign loan* for the implementation of the Third Malaysia Plan, Deputy Minister Mr. Richard Ho told the Dew an Rakyat today. The World Bank had given a total of 5171.25 million for three project* under the plan,
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  • Article
    Malaysia to carry out farming census next year
    285 12 KUALA LUMPUR. Wed The agricultural census is to be carried out next year to determine jfreas which need special attention from the Agriculture Ministry including those areas with Eeat potential but which ck infrastructure facilities. The Agriculture Minister, Dato Ali bin Haji
    285 words
  • Article
    Lock icon Miki 'no' to coalition with socialists
    124 12 Reuter OSAKA. Wed. Japanese Prime Minister Takeo Mlkl today flatly ruled out the possibility of a coalition government between his conservative Liberal Democratic Party and the opposition Socialist Party. He was commenting on a suggestion by Socialist chairman Tomomi Narlta yesterday that conservative party
    Reuter  -  124 words
  • Article
    Lock icon Warning on food demand in Asia
    228 12 AP MANILA. Wed. Asian Development Bank (ADB) president Mr. Shiro Inoue warned today, "the demand for food in Asia continues to outstrip production, and unless this imbalance is redressed, the situation will become untenable, financially and physically." A second Asian agricultural survey by the
    AP  -  228 words
  • Article
    Lock icon FOREIGN CAPITAL STILL VITAL TO MANILA
    168 12 Reuter MANILA, Wed. The Philippines will continue to depend heavily on foreign investments for the next 10 years since domestic savings alone cannot meet the large investment requirements of its economy, according to Trade Secretary Troadio Quiazon Jr. In a speech yesterday before a
    Reuter  -  168 words
  • Article
    Lock icon Perez: Shield poor nations from oil hikes
    333 12 UPI UNITED NATIONS. Wed President Carlos Andres Perez of Venezuela said yesterday, oil-producing countries should develop an automatfc mechanism to relieve the burden on developing countries of any increase in the price of oil. Mr Perez said Venezuela considered "the effects of increased
    UPI  -  333 words
  • Article
    Lock icon Bleak outlook for N-S talks
    247 12 Reuter PARIS, Wed. The outlook for agreement looked bleak as officials of the Industrialised countries and the developing world began a final round of preparatory bargaining s in their "North-South dialogue" about a fairer world economic order. Major oil exporters are negotiating on the side
    Reuter  -  247 words
  • Article
    Lock icon 'Barrel of.cola is dearer'
    291 12 UPI NEW YORK, Wed. In related developments the Saudi Arabian ambassador to the UN said that oil Is still one of the "best buys" available on the globe. A barrel of oil Is still cheaper than "a barrel of Pepsi-cola or other cola syrup." said Mr.
    UPI  -  291 words
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      239 12 REStf? I\lo TO °Wr\i£ F OR E 'CT,O N G/V < RSHIp The amenities in the estate arc carefully planned to meet your needs. Ideally located, easily accessible to schools, restaurants, recreettonal perks with ample car parking space. Phase I consists of 12 Units of shops and luxurious splitlevel apartments
      239 words