The Business Times, 23 November 1976
1976-11-23
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The Business Times
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Title Section10 1976-11-23 1 BUSINESS TIMES M.C.(P) 1455/76 TUESDAY, NOVEMBER 23, 1976 50 CENTS10 words
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NEWS IN BRIEF
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Article139 1976-11-23 1 AP VIENNA, Mon. Since the ending last Friday of the five-day meeting of the Economic Commission of the Organisation of Petroleum Exporting Countries (Opec) to recommend a price hike, Opec oil ministers, In public statements on the price issue, have differed widely, stating desired Increases rangingAP - 139 words
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Article56 1976-11-23 1 Reuter TOKYO, Mon. Prime Minister Takeo Miki said today he expected his ministries to complete measures tomorrow to meet EEC demands for a curb on Japanese exports to the Community. The Common Market has called on Japan to act before the end of this month to reduceReuter - 56 words
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Article52 1976-11-23 1 Reuter BANGKOK, Mon. Thailand will beef up its armed forces by increasing conscription and providing troops with more modern weapons, according to Prime Minister Thanin Kralvlchien. He told the nation on television last night that the conscription rate would be increased from 80 to 100 perReuter - 52 words
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Article60 1976-11-23 1 UPI MEXICO CITY, Mon. Banks suspended all foreign exchange dealings today "until further notice" in a move to stem the continuing massive panic purchasing of dollars by Mexicans. Banking sources said the measure followed the huge purchase of US$l5O million (*****.5 million) last Friday, the day rumoursUPI - 60 words
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Article45 1976-11-23 1 UPI TEL AVIV, Mon. Israel is sending reinforcements to the Lebanese border to prevent Syrian and Palestinian forces from approaching the frontier, military sources said today. "Israel had reinforced its forces in certain zones of the Lebanese border," one source said. UPIUPI - 45 words
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Article62 1976-11-23 1 Reuter LONDON, Mon. Britain's House of Lords today pushed ahead with its running battle against the Labour Government and flung back for the second time a bitterly contested Bill to nationalise shipbuilding. By 197 votes to 90, the Lords deleted an important section from the BillReuter - 62 words
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Article38 1976-11-23 1 LONDON, Mon. Confirmation of the increase in money supply and some apprehension ahead of the UK miners' meeting tomorrow helped send the Financial Times index down 12.1 points to 295.1 at 3 p.m. today.38 words
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Article44 1976-11-23 1 UPI NEW YORK, Mon. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 951.96, up 3.16; 20 transp 222.22, up 0.32; 15 utils 100.55, up 0.41; 65 stocks 306.58, up 0.91. UPI.UPI - 44 words
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Chief Price Changes
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Article, Illustration175 1976-11-23 1 TRADING slipped back into the doldrums at the Stock Exchange of Singapore yesterday as buyers continued to hold off. The Business Times index fell 2.38 points to 247.95 while the Strait* Times Industrial average shed 0.37 point to 248.04. Falls Most active OCBC 765 Goodwood Park 270175 words
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Article99 1976-11-23 1 Fills Most active Ldn. Asiatic $2.75 -.15 Haw Par 175,000 Berjuntal U.O.B. $11.70 -.10 Slme Darby 110,000 $3.34 -.08 Central Sugars 103,000 Qentlngs $2 72 -!o5 Malayan Credit 93,000 Total Turnover: 1.21 M MBS $2.20 -.05 O.C.B.C. $7.90 -.05 Total Value: M$2.39 M Pet&llng Carlsberg $2.08 $3.0299 words
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1054 1976-11-23 1 A. ROWLEY - WHERE IS THE MONEY GOING? By A. ROWLEY THE financial state of some private sector housebuilders in Singapore Is giving rise to increasing concern among leading accountants In the country. They are attempting to tighten up their own professional standards In dealing with these developers,1,054 words
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525 1976-11-23 1 INDUSTRIALISTS and traders will find it easier to borrow, and possibly at lower interest rates in the not-too-distant future, if the Monetary Authority of Singapore succeeds in achieving its objective. Discount house dealers have been instructed by the MAS to limit their purchases525 words
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350 1976-11-23 1 INVITATIONS have been sent to International financial institutions, in Europe, the Middle East and Asia to participate In the Asian dollar market's first Korean bond Issue. The borrower Is the Korean Development Bank, the country's largest bank with assets In excess of US$4B7 million350 words
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257 1976-11-23 1 FOUR factories In Vietnam partially owned by Intraco are likely to be taken over next year by the Vietnamese Government. A new law Is due to come Into effect, according to Mr. Le (Vietnam's trade representative here), stipulating that the Vietnamese Government Is257 words
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Article69 1976-11-23 1 AP BEIRUT. Mon. Saudi Arabia's sovernmentowned public Investment fund has approved US$l billion (552.45 billion) In financing for the transArabia oil pipeline, the Middle East Economic Survey reported today. It said the 120 cm, 1,270km pipeline, to be built for the Saudi state-owned oil company Petromln,AP - 69 words
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Article153 1976-11-23 1 KUALA LUMPUR, Mon. National Security Council secretary, Haji Mohd Amir bin Haji Yaakub. said today there were tipi that armed terrorists and subversive elements were hiding in Selangor. Haji Amir said that theee elements came to Selangor after security forces had launched operations against them in153 words
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266 1976-11-23 1 Reuter LONDON, Mon. Sterling fell by a cent on foreign exchange markets today, wiping out moat of its recovery in the latter part of last week. By midday, sterling was trading at U551,669 compared to Friday night's close of $1,679. Dealers attributed the fall toReuter - 266 words
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Article44 1976-11-23 1 Reuter MELBOURNE, Mon. The Government reacted angrily today to a 2.2 per cent pay rise award for Australia's six million wage and salary earners ordered by the National Arbitration and Conciliation Commission because of increases In the cost of living. Reuter.Reuter - 44 words
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313 1976-11-23 1 A LAST minute meeting between the directors on the board of Slme Darby Holdings and representatives of the dissident faction of shareholders led by Rothputra nominees failed last night to break the deadlock created by the opposition to the re-election of four incumbent directors313 words
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Article297 1976-11-23 1 AP NEW DELHI, Mon. The Indian Government and Caltex Petroleum signed an agreement today for the takeover of all the American firm's assets in India byDec 30, 1976. Completion of the takeover will give the Indian Government control of almost the entire oil industry in India,AP - 297 words
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Page 1 Advertisements
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Advertisement67 1976-11-23 1 We are the Rotex people R< in Singapore Come and see us! ROLEX Eastern Watch Co. OfftaaHy Appointed Dealer Owmh Union Shopping Centra. CoOyar Quay. Singapore 1 TH: *****2 INSIDE Overseas newt/TV ft Radio P2 Overaeas news/Feature P3 Local Co news P4 International Co newt P5 Local stocks P6 Overseas67 words
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Advertisement51 1976-11-23 1 t f v-«* f F it- t "*D Do***. i ».TC lONOON f\* It viPCtf Mb r>^w M &,Ve Vf, M vwmy *M:■}.}'**■■< I >.}\T- <. ~v r; f k ksAlott W mch wmy tm IwVkvf* v I JV4,%A l :^f •j. M y m The Dress Lighter X J51 words
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Advertisement99 1976-11-23 1 U-BIX COMPLETE COPYNG SYSTEM APS ELECTRONICS (PRIVATE) LIMITEO Singapore Te* *****2 (5 L>nM) APS ELECTRONICS <M) SDN BHD KUALA LUMPUR Tw XX7212i140 €XPORT. GOOD FOR YOUR DUSINCSS, GOOD FOR SINGAPORE The Chartered Bank takes the complications out of export and puts the service in. More than 1500 branches all over99 words
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OVERSEAS
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Article, Illustration381 1976-11-23 2 UPI NEW DELHI, Mon. India's ruling Congress Party yesterday unanimously endorsed Prime Minister Indira Gandhi's refusal to hold elections and her moves to keep the country under tough emergency rule. The All-India Congress committee, the hierarchy of the party, rubberstamped its approval of Mrs.UPI - 381 words
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Article274 1976-11-23 2 Reuter VIENNA, Mon. Soviet bloc leaders will align policies this week for fresh Initiatives to spur East-West detente following Mr. Jimmy Carter's installation as US President. East European diplomats said a Warsaw Pact summit meeting in Bucharest, the Rumanian capital, was intended to pushReuter - 274 words
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Article159 1976-11-23 2 UPI SEOUL, Mon. A five-day "Access to capital markets" symposium sponsored by the South Korean Finance Ministry and the US Agency for International Development opened here today before some 200 economists. Finance Minister Kim Yong-hwan said in an opening speech his country wanted to learn throughUPI - 159 words
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174 1976-11-23 2 Reuter ATHENS. Mon. Greece and the North Atlantic Treaty Organisation (Nato) are negotiating for an agreement on Greece's future itatui with the Alliance, Education Minister George Rallis said here yesterday. Greece withdrew from the military structure of Nato in August, 1974 following theReuter - 174 words
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360 1976-11-23 2 AP NEW YORK, Mon. Arab leaders have Intensified their efforts to achieve a Middle East peace settlement that would allow them to concentrate on modernising the Arab world's economy, says the chief foreign correspondent of Newsweek magazine in its latest Issue. As aAP - 360 words
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Article59 1976-11-23 2 Reuter TEL AVIV. Mon Several bazooka rockets were fired last night from across the Lebanese border at the Northern Israeli coastal town of Nahariya but caused no casualties, Israeli military sources said. A similar rocket attack was directed at an Israeli patrol in the area on Friday nightReuter - 59 words
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Article166 1976-11-23 2 AP WASHINGTON, Mon. The US Interior Department has begun the process of selling oil and gas exf>loratlon and drilling rights eases in an expanded area off the coasts of five middle Atlantic states. The department has invited proposals for exploration of an area ofAP - 166 words
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Article91 1976-11-23 2 Reuter PARIS. Mon. Candidates loyal to President Valery Olscard d'Estaing overcame the French left in three tough Parliamentary by-elections yesterday, but one member of the President's party was soundly beaten. Former Tourism Minister Mr. Gerard Ducray, a member of the Independent Republican Party, lost to Socialist Mr.Reuter - 91 words
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Article, Illustration392 1976-11-23 2 NYT TEL AVIV, Mon. A growing number of Israelis, disillusioned with the Government of Premier Yitzhak Rabin, are calling for the dissolution of Parliament and early elections. So far the embattled Premier has not responded to these demands but the position of his LabourNYT - 392 words
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Article42 1976-11-23 2 AP UNITED NATIONS. Mon Israel will give formal agreement today to a sixmonth extension of the UN peacekeeping force in the buffer zone between Syrian and Israeli forces on the Golan Heights, according to sources here and in Tel Aviv.AP - 42 words
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312 1976-11-23 3 AP MEXICO CITY, Mon. Mexican industrialists and businessmen intend to shut down commercial activity in several states this week in a strike demanding the return of rich farm and ranch land seized by the government for redistribution to poor farmers. According to Mr. CarlosAP - 312 words
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Article, Illustration664 1976-11-23 3 LONDON, Monday Reuter UPI THE fear of rising oil prices and demands for a fairer deal for developing countries are topics that will dominate the start of talks between Venezuelan President Carlos Andres Perez and British leaders today. As the 54-year-old president, hereReuter; UPI - 664 words
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Article137 1976-11-23 3 Reuter TOKYO, Mon. Britain's Society of Motor Manufacturers and Traders (SMMT) has proposed talks with the Japanese Automobile Manufacturers Association in London in December or January to discuss the outlook for UK car demand in 1977 and Japan's car export plans, motor industry sources said.Reuter - 137 words
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105 1976-11-23 3 Reuter LONDON, Mon. Charterhouse Group Ltd said sterling is heavily undervalued on a purchasing power companion. In its quarterly business forecast, written before the latest UK credit and exchange control measures, it gave an indicated rate for sterling of US$l.76, adjusting for US and UK inflationReuter - 105 words
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337 1976-11-23 3 LONDON, Mon. Reuter THE UK broadly based money supply (M 3) rose by £540 million or 1.25 per cent seasonally adjusted In the five weeks ended Oct 20 to give an Increase of 5.25 per cent In the latest three months, theReuter - 337 words
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Article, Illustration1044 1976-11-23 3 JOHN BURNS - By JOHN BURNS NYT A FEW weeks ago, with smoke still rising from the riot-torn streets of So we to, one of South Africa's most powerful businessmen was asked whether he thought there was a future for whites In South Africa. He smiled. "TheNYT - 1,044 words
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246 1976-11-23 3 Reuter JAKARTA. Mod. Indonesia'■ trade with its four partners in the Association of Southeast Asian Nation (Asean) is still showing a large deficit, the Armed Forces News Bulletin reported today. Only with Singapore are figures, which exclude oil and tin exports from Indonesia, aboutReuter - 246 words
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Article35 1976-11-23 3 Reuter GENEVA, Mon. Officials from United Nation Conference on Trade and Development (UNCTAD) countries start meeting here on Wednesday to Implement a programme to negotiate international arrangements for at least 18 major commodities. Eeuter.Reuter - 35 words
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Article, Illustration515 1976-11-23 3 UPI BUCHAREST, Mon. The United States promised Romania Increased trade and economic co-operation yesterday, moving swiftly to sign a new commercial agreement 24 hours before Soviet leader Leonid Brezhnev visits Bucharest. US Commerce Secretary Elliot Richardson signed the 10-year accord shortly after landing hereUPI - 515 words
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Article90 1976-11-23 3 Reuter BRUSSELS, Mon. Common Market finance ministers are expected to approve an international US$5OO million (551,200 million) loan for Italy today. The loan was made necessary when Britain, which has legion economic ills of Its own, asked the Community to take on Its US$4B6 million share of aReuter - 90 words
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152 1976-11-23 3 Reuter GENEVA, Mon. The 83member governments of the General Agreement on Tariffs and Trade (GATT) start three-day talks here today to discuss last year's fall-ofT in world trade and its subsequent uncertain rise, informed sources said. Senior officials from Gatt contracting parties will review internationalReuter - 152 words
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Page 2 Advertisements
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Advertisement1048 1976-11-23 2 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 blows1,048 words
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Page 2 Miscellaneous
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Miscellaneous75 1976-11-23 2 WEATHER report for 24 hours prior to 7.30 p.m. on Nov 22 at Singapore airport. Maximum temperature 31.0° C Associated humidity 67 Minimum temperature 23.6° C Associated humidity 99 Hours of sunshine 2.50 Rainfall in millimeters 56.3 Total rainfall for the month 244.1 Total rainy days for the month 1775 words
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Miscellaneous243 1976-11-23 2 RADIO TV SINGAPORE 5 P.M. Opening Announcements followed by Spectrum, a magazine series (English) (r) Dairy of Events (English) Magazine Zero One (r) General Hospital Intermission P.M. Opening Announcements followed by The Swiss Family Robinson, "A Time to Live and a Time to Die" 41 News in Brief Chapi Chapo243 words
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Page 3 Advertisements
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Advertisement221 1976-11-23 3 o o o £> mowngnvaae easy on a cushion ol al£ v the airborne mower Lightweight easy to handle Cuts even wet grass edges between paving stones around shrubs and trees. Needs no grassbox creates its own mulch to fertilize the ground Electric and Petrol models Sf Mall thl» coupon221 words
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Advertisement171 1976-11-23 3 THE INTERNATIONAL EXHIBITION OF ELECTRICAL ELECTRONIC EQUIPMENT Is a series of biennial trade shows in this region organised specially for the professionals traders. A comprehensive range of equipment for the electrical electronic trade for professional, technical, medical, industrial and domestic use from meters to materials components to computers. 130 manufacturers171 words
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COMPANY NEWS
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413 1976-11-23 4 SIM LIM'S SURPLUS FROM REVALUATION THE Stock Exchange of Singapore has asked Sim Llm Investments to explain why It failed to promptly disclose a surplus of $2.03 million It realised on the revaluation of its properties and a loan of $7.9 million from an associate413 words
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362 1976-11-23 4 THE Stock Exchange of Singapore has again queried Ben on certain Information released In a recent exchange of correspondence and the company's 1976 annual report. The exchange has, In particular, requested the company to explain whv it did not promptly disclose the change In362 words
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Article257 1976-11-23 4 GENTING Highlands Hotel has disclosed that the group increased its shareholding in Golden Hope Plantations, which is merging with London Asiatic and Pataling to form a giant plantation combine, by 1.31 million shares between NOv 9 and 12. A company statement says that with its257 words
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Article163 1976-11-23 4 THE chairman and managing director (Australia and Pacific region) of Spencer Stuart and Associates, Sir lan Turbott, recently announced the appointment of Mr. Jeffrey Ong as a consultant with RSVP (S). Mr. Derek L. Pickard has been appointed a director of Eu Yan Sang Holdings with effect163 words
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COMPANY MEETINGS
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23 1976-11-23 4 THE following company meetings are due: Nov 24, 12 noon, Hotel Jaya Purl, No. 2 Jalan Barat, Petallng Jaya.23 words
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Article17 1976-11-23 4 Nov 26, 11 a.m., 4th Floor, Mac Donald House, Orchard Road, Singapore 9.17 words
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Article16 1976-11-23 4 Nov 26, 11.30 a.m., 0.C.8.C. Centre Auditorium, 19th Floor, Chulla Street, Singapore 1.16 words
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Article14 1976-11-23 4 Nov 26, 12 noon, at Ulu Tlram Estate In Johore, Malaysia.14 words
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Article17 1976-11-23 4 Nov 27, 12 noon, 5-E Poh Chong Building, 66 Jalan Ibrahim, Johore Bahru.17 words
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Article18 1976-11-23 4 Nov 30, 9.30 a.m.. Registered Office, 14th Floor, Selegle Complex, Selegle Road, Singapore 7.18 words
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20 1976-11-23 4 Nov 30, 10 a.m., Registered Office, Penthouse, 10th Floor, Wlsma Central, Jalan Ampang, Kuala Lumpur.20 words
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Article18 1976-11-23 4 Nov 30,10.30 a.m., Registered Office, Penthouse, 10th Floor, Wlsma Central, Jalan Ampang, Kuala Lumpur.18 words
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Article15 1976-11-23 4 Nov 30, 11 a.m. Registered Office, Sungel Way Brewery, Petallng Jaya, Selangor.15 words
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Article100 1976-11-23 4 THE Stock Exchange of Singapore and the Malaysian Capital Issues Committee have approved the rights issue of 6.41 million $1 shares at par of Acma Electrical Industries, according to the company. It has also applied to the Kuala Lumpur Stock Exchange for listing of the new100 words
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Article328 1976-11-23 4 Current Ex Date Total for Total for payment Date payable the year previous Year Alcorn 10% Oct. 14 Nov. 25 10% 20% Hongkong Land 2.2% Oct. IB Nov. 27 2.2% 5.8% Kuala Sidim m Nov. 10 Nov. 29 5% 5% S.B.S. 12% No*. 4 Nov. 29 12% 12%328 words
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1115 1976-11-23 4 H.J. MAIDENBERG - EX-WALL STREETERS IN CHICAGO By H.J. MAIDENBERG NYT FOR Robert A. Donahue, then a seasoned floor trader on the American Stock Exchange, the decision to quit his native New York for Chicago was made on Columbus Day In 1973. "The writing was clearly onNYT - 1,115 words
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809 1976-11-23 4 NYT NEW YORK, Mon. For furniture manufacturers and retailers, 1976 has been a memorable year. Some say the year has brought them their best sales. Others call it their worst. But whether their sales were up or down, Industry executives describe the year asNYT - 809 words
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Article161 1976-11-23 4 Reuter PORTSMOUTH, Ohio, Mon. Goodyear Tire and Rubber said It began engineering work at the government uranium enrichment facility It operates here, in preparation for a US$4.4 billion doubling of the plant's capacity by the Energy Research and Development Administration (Erda). Goodyear said gas centrifuges, designedReuter - 161 words
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779 1976-11-23 4 NYT NEW YORK, Mon. The credit markets last week turned In their most powerful performances In half a decade as fixed-Income security prices climbed sharply. Interest rates declined and a huge volume of notes and bonds was sold to Investors eagerNYT - 779 words
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550 1976-11-23 4 Dusseldorf where people know how to make money NYT DUSSELDORF, Mon. What they do in Dusseldorf is make money, and more people do it more successfully here than perhaps anywhere else in the world. "I need a life with a certain amount of luxury," said Dieter Klelnsorg, a 35-year-old partnerNYT - 550 words
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Article218 1976-11-23 4 FT. LONDON, Mon. Lower net earnings of R37.6m (£26.3 m) for the year to Sept 30 are reported by Rand Selection, the Anglo American Corporation group's major Investment company. The 1974-75 total of R48.1m, covered only six months' results of South African Townships. Rand Selection is declaring aFT. - 218 words
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Article35 1976-11-23 4 HONOKONO, Mon. China Provldend has raised its interim dividend to 15 HK cents from 10 cents for the current year. The company is a member of the Hongkong and Whampoa Dock group.35 words
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Page 4 Advertisements
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Advertisement102 1976-11-23 4 777 c marks the official opening of our Jakarta Representative Office at 27 Jalan Hayam Wuruk,Jakarta, Indonesia. Te1:*****,*****,***** M Te1ex:***** TLBREP JKT mtSk Created to serve and promote the trade between Singapore and Indonesia. For Rupiah Remittances: Consult our offices in Singapore fe| a. -ft TAT LEE BANK LIMITED Head102 words
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INTERNATIONAL COMPANY NEWS
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Article158 1976-11-23 5 Reuter OSAKA, Mon. Kubota forecast net profit for the year to April 15, 1977 will range between 22 and 23 billion yen on estimated sales of 460 billion yen. The company president, Mr. Keltaro Hlro, told a press conference the profit Is up five to 10Reuter - 158 words
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Article102 1976-11-23 5 NEW YORK, Mon. Marinduque Mining and Industrial has suffered a net loss of U555.36 million In the first nine months of this year. This compares with a profit of $2.78 million last time. The loss was despite sales rising to $85.3 million from $32.6 million and102 words
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Article86 1976-11-23 5 LONDON, Mon. The Canadian petrochemical and synthetic rubber manufacturer Polysar is planning to raise US$25 million through a 10-year, 9Vj per cent issue of debentures with no early redemption. Wood Gundy said as lead manager. Pricing will be on Dec J. The Canadian Government controls 68 per cent86 words
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Article87 1976-11-23 5 LONDON, Mon. Pre-tax profit at Thomas Borthwick and Sons jumped to 18.08 million C 4.67 million) on sales of L' 292 million (t207 million) for the year ended Sept 30. 1976. It makes for an earnings per share of 15.53p compared with an adjusted 8.4p previously. Tax account87 words
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Article61 1976-11-23 5 Reuter THE HAGUE, Mon. NV Bank Voor Nederlandsche Gemeenten said it will issue a 100 million guilder 8-3/4 per cent 25 year debenture loan at a price to be announced before bourse opening on Nov 26. Subscriptions open on Nov 30 for payment Jan 6, with payment ofReuter - 61 words
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Article212 1976-11-23 5 Reuter LONDON, Mon. Pre-tax profit at Beecham group rose to £55.4 million (£35.6 million) on sales of £331.2 million (£251.9 million) for the first half-year ended Sept 30, 1976. The company says the pre-tax profit is after interest of £4.6 million (£3.2 million) which makes for anReuter - 212 words
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Article83 1976-11-23 5 HONGKONG, Mon. Consolidated net profit at Wing Tai Development rose to HK513.15 million ($11.85 million) for the year ended Sept 30, 1976. The company earlier announced a final dividend of 14 cents (13 cents) making a total of 27 cents (26 cents). The shareholders register will be83 words
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Article127 1976-11-23 5 Reuter LONDON, Mon. Saint-Gobain-Point-A-Mousson chairman, Mr. Roger Martin, said net consolidated income of 282 million francs in first half 1976 is unlikely to be doubled for the full year. "But we may reasonably assume that, unless there are significant variations in monetary parities, we shall notReuter - 127 words
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Article132 1976-11-23 5 AP CHICAGO, Mon. Striking workers at International Harvester overwhelmingly ratified threeyear tentative contracts Sunday and returned to work today. Mr. Pat Greathouse, United Auto Workers' vice president, said production and maintenance workers approved the pacts reached last week by more than 95 per cent. The agreements,AP - 132 words
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Article214 1976-11-23 5 Reuter ARNHEM, Mon. Weighed down by the chemical fibres division, Akzo has suffered a net loss of 24 million guilders (loss 47.8 million guilders) In the third quarter. This reduced the ninemonth profit to 900,000 guilders against a loss of 154.6 million guilders last time. ThirdReuter - 214 words
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Article111 1976-11-23 5 NEW YORK. Mon. Net profit at May Department Stores was US$ll.2l million ($10.98 million) on sales of $501 million ($465.1 million) for the third quarter ended Oct 30. 1976. For the nine months, profit was up 12.8 per cent to $28.94 million from $25.66 million on111 words
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569 1976-11-23 5 LES BROWN - By LES BROWN NYT NBC gave little away in its agreement with the Department of Justice to settle a two-year-old anti-trust suit against the networks. The prohibitions detailed in the agreement scarcely alter present business practices and are expected to have no significant economicNYT - 569 words
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Article730 1976-11-23 5 VARTANIG VARTAN - By VARTANIG VARTAN NYT IN the early *****, life Insurance stocks turned Into skyrockets over Wall Street. Such Issues as College Life, Franklin Life; Business Men's Assurance and United Services Life quadrupled In price within a relatively short period. Some life stocks rocketed to sell atNYT - 730 words
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211 1976-11-23 5 Reuter NEW YORK, Mon. Standard Oil (Indiana) expects total net crude oil and natural gas liquids production overseas to apE roach 500,000 barrels a day y the end of the *****, up from its current output of about 335,000 barrels, chairman Mr. John E.Reuter - 211 words
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Article51 1976-11-23 5 WASHINGTON, Mon. General Telephone and Electronics Corp said it filed with the SEC the proposed sale of U*****.5 million In new common shares. The company said It plans to use the proceeds from the sale of the five million shares primarily to reduce short-term debts and help its construction51 words
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Article156 1976-11-23 5 Reuter MELBOURNE, Mon. Broken Hill Pty said its steel output rose to 635,000 tonnes in October from 590,000 in October last year, and was also slightly higher than in September. Iron output however, fell to 567,000 tonnes from 643,000 in October 1975 figure and 601,000 in September,Reuter - 156 words
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Article94 1976-11-23 5 Reuter MONTREAL, Mon. Seagram chairman, Mr. Edgar Bronfman, predicted continued earnings progress in the first quarter of fiscal 1977, which ended Oct 31. Last year the company reported first quarter net Income of U5525.6 million, or 73 cents a share, on sales of $542.2 million. 'Mr. BronfmanReuter - 94 words
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Article106 1976-11-23 5 NEW YORK. Mpn. The New York Stock Exchange said earnings of member firms in the third quarter came to US$9O.4 million compared with a loss of $4.9 million last time. It said for the first nine months, member firm earnings increased to $385.8 million from $330.2 million106 words
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538 1976-11-23 5 LOUIS KOHLMEIR - By LOUIS KOHLMEIR NYT THE Eastman Kodak, the photographic Industry giant that has been fighting off a swarm of anti-trust suits filed by its smaller competitors, may soon feel the bigger bite of the Justice Department's anti-trust division. Kodak is a candidate to become oneNYT - 538 words
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Article89 1976-11-23 5 Reuter PARIS, Mon. RhonePoulenc said it signed a six billion franc industrial chemical contract with the Soviet Union. Under the agreement the Soviet Union will buy French installations using Rhone-Poulenc processes for the production of chemical products, particularly fertilisers and insecticides, it said in a statement. The SovietReuter - 89 words
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Page 5 Advertisements
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Advertisement468 1976-11-23 5 6 ft i? s r v«\ > *V,» VW -k J i i 11 Ss >: N "J 1 "'V S Hi I The Straits Times Annual Stops and Stares Where Others Hurry 8y... $61 SEND THIS TODAY! Please send me copy/ies of the Straits Times Annual 1977 at $6468 words
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Article1968 1976-11-23 6 SECTION ONE INDUSTRIALS 1976 High Low Company Lut Sale +orGr'« div <*> Div C'VT Gr't y'W P/E Vol COOO) Day High Low 250 206 100 237 186 402 204 248 460 137 170 172 60 185 66 254 149 172 394 39 A Ana Alcom Allied Choc1,968 words
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Article1097 1976-11-23 6 810 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 Sited after the word "Sett." Board deals1,097 words
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Article145 1976-11-23 6 SINGAPORE UNIT TRUST (Managers' prices for No* 23) The Commerce 1-00 I-" The 8* vlnt Fund 0 86 1.01 8'pore Prof Fund 0.81 0 06 8'pore Security Fund .128 1.32 S'pore Invest Fund 1.01 1.07 ASIA UNIT TRUST (Managers' prices for Nov 23) Mai Invest Fund 1.06 1.77145 words
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Article112 1976-11-23 6 B O T 8 1/2% 19X1 (100,000) (101*.B 102'«tS) DBS converts 6 1/2% 1991 (100.000) (97K8 E I B 9% 1982 (100.000) (101HB 102*8) E I B M 1/4% 1983 (100.000) (99*8 99HS) I B J 8 1/2% 1981 (100.000) (100 KB 100KS) Keppel 9 1/2% 1982112 words
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Article120 1976-11-23 6 5 1/2* 1/12/77 (1.000.000X1)101.76 5 1/2* 15/4/78 (1.000,000) (101 648 101 735) 5 3/4* IS/C/ 80 (1.000,000) (102.(SOB iu2.7OS) 6 3/4% 1/12/80 (1,000,000) (102 608 5* Tf 15/4/81 (1,000,000) (100.808 100.90S) (1) 100.83) (1) 100.77 5 3/4% tir 15/6/81-84 (1,000,000) (102 458 102 555) 1/4% Tf 1/12/90120 words
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Article1152 1976-11-23 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS A|>namata (1.848 1 »68>. Ataam (2.108 2 158). XD A. ChM1,152 words
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Page 6 Advertisements
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Advertisement233 1976-11-23 6 m- -W <s3* .*'■>. *n L ,<v *>. t,. <£zVmm w-^i, Wv£«* HI ■V* t VJ r>\ frm 1 f *m «*-b Srtv '•J' 5 4. I&s»yS* gy rt&QV) #sj ,v -f Alex Jotey has long been en observer, recorder end commentetor of the Singapore scene. In this hew book,233 words
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Article421 1976-11-23 7 BHAUB hwM U > Wy ri mialJ? Mmsk Titywuenaarftothai. M of counters tawkfckdS: [lag on ooatra_a»d arblIt wmFSZEm that the market was Wading towards a state ef toll la the *-itssrsgi stasias® 2 Broker" ware of tha eooaansns tkat at thia stage there wore tar tee421 words
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Article460 1976-11-23 7 TRADING was easier at the Kuala Lumpur stock market yesterday as shares drifted lower under scattered selling. As was the case (or the past few weeks, trading was extremely quiet. With both investment and speculative interest running low, the day's volume of business at 1.21460 words
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Article111 1976-11-23 7 Reuter OSAKA, Mon. Nippon Meat Packers said It will publicly offer 7.5 million shares of Its common stocks In the form of continental depositary receipts (CDR) to raise Its capital to 5.77 billion yen from 5.4 billion yen. THE CDRs, each equivalent to one common stock, willReuter - 111 words
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Article821 1976-11-23 7 FREDERICH ANDREWS - MANAGEMENT CRAFT By FREDERICH ANDREWS NYT WITH an admitted bias, Kenneth 8. Axelson, no longer a flsh out of water, was reflecting the other day on the craft of management. "The J.C. Penney Co. isn't a company of supermen," said Axelson, who serves the concern, the nation'sNYT - 821 words
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Article158 1976-11-23 7 Coal Allied seeks partners Reuter SYDNEY, Mon. Coal tind Allied Industries said it, is likely a minority equity interest in its Workworth, New South Wales prosf>ect will be negotiated with potential overseas customers. Work to date indicates the prospect to be the company's largest ever single coal bearing area, withReuter - 158 words
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Article104 1976-11-23 7 LONDON, Mon. Redland has railed pre-tax profit to £16.79 million (£10.28 million) In the 26 weeks ended Sept 25 on sales of £112.9 million (£86.42 million). This Increased earnings per share to 7.51p from 5p previously. The company says the Eax profit Includes earnof £3.41 million (£1.49 Ion)104 words
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OVERSEAS MARKETS
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Article383 1976-11-23 7 TOKYO. The market recovered in moderate trading on llonwith selective demand for blue chine and some other Is"ntnvent by the U.S. discount rate cut, dealers said. The Dow Jones average rose *•52 to 4,478.14 with volume 100 million shares. The New index was 344.72, up 'u^SL'^SLrSLSZ Meter, Terete Meter.383 words
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Article432 1976-11-23 7 BYDNEY: The market fell slighUy to a new low on Monday for the year, with aenUment possibly affected by the national wage rise award, dealers said. The Sydney All-Ordinaries index fell 0.50 point to cloee at 412.19. Among minings, PaaeoatinenUl lost 10 cents to $8.30, but Utah rose 20432 words
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Article316 1976-11-23 7 HONGKONG: The market closed easier on continued lack of interest on Monday with sentiment depressed speculation over Opec's decision next month on oil prices, and as the market awaited the Impact on Wall Street of the Federal Reserve's Discount rate cut, dealers said. The Hang Seng Index fell 2.09316 words
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Article117 1976-11-23 7 MANILA: The market fell across the board on Monday in small turnover, dealers said. Oil issues led the fall, and mining leaders posted fractional losses despite the slight advance in metal prices. nov a Peeoe Aco)« Mining 0148 +0.0008 All** Con A 28 00 -0.8 AUm Con. B 30.00117 words
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Article82 1976-11-23 7 nov a BaAt A*l* ribr* 1178 1 Tv71 >31 i«a ♦a •i polltan Bank Bat* Berll Jucker SSM 148 I486 ♦i Charoonf Thai Wirt Duma Duatt Tttam Faber Merlin m FlratTruat IrvJo-Thal J And J Ho 140 +i Jalaprathan Cement 7« unch Kamaiuta 358 unfh Lee K want Mln82 words
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Article183 1976-11-23 7 Reuter BERLIN, Mon. The Federal Cartel office said It has approved the takeover by Karstadt of Neckermann Versanti KOAA. The office set one condition for the takeover that Karstadt five up Its stake In the travel firm Tourlstlk Union International, to which Karstadt has agreed, a spokesman for theReuter - 183 words
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Article693 1976-11-23 7 ROBERT METZ - By ROBERT METZ NYT UNILEVER Ltd (British), which Is linked with Unilever N.V. (Dutch) and run as one company, posted the biggest percentage sain of any issue on the New York Stock Exchange last Wednesday and Wall Street merely yawned. Wednesday's gain 5% points to 71V%,NYT - 693 words
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Article96 1976-11-23 7 Reuter PARIS, Mon. Skandinavtska Enskllda Banken of Bweaen is offering US$4O million of nine per cent 15 year capital bonds at par, Morgan Btanley International said. The bonds are not redeemable before Dec 1 1982 unless Sweden Imposes without holding taxes. They are subject to mandatoryReuter - 96 words
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Article65 1976-11-23 7 Reuter PITTSBURGH, Mon. Aluminium Company of America told security analysts here the company's capital spending this year will be 100 per cent less than the $272 million projected in the annual report. Mr. James S. Pasman, vice-president of finance, said the decrease probably will be picked upReuter - 65 words
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Article570 1976-11-23 7 JUDY KLEMESRUD - By JUDY KLEMESRUD NYT RUPERT Murdoch, the prospective new owner of the New York Post, is a millionaire Australian publisher whose newspapers have always been strong on coverage of scandals, sex, crime and sports. "We're not Interested in the publishing Judgment of Madison Avenue orNYT - 570 words
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Page 7 Advertisements
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Advertisement178 1976-11-23 7 Confront Singapore's decision makers in Business Tunes x V 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 like178 words
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COMMODITY REPORTS AND PRICES
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Article521 1976-11-23 8 OPENING quotations In the Singapore rubber market were markctd up following higher overseas advices and reports that General Motors reached tentative agreement with the United Autoworkers Union, dealers said. December vas first traded at 205.50 cents after hovering around 205.75/206.25 In quiet trading, they said. Forwards and physicals521 words
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Article94 1976-11-23 8 DAILY SSR and SMR price# at noon yesterday: R.A.S. Dae. (Correal Mth) Bayers Seller* (ceaUperkg) J (Ferwi Buyer* •a. ird Mtk) HeUen i »er kg) SSR 20 SSR SO (1—ton Pallet) (1-ton Pallet) 190.00 187.50 192.00N 189.50N 191.00 188.50 193.OON 190.50N M.K.E.L.B. SMR SVC SMR SL SMR94 words
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Article111 1976-11-23 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Cmwi Oil: Bulk *75 Miters, old drum *80 tellers, new drum **4 sellers. Cuts: Mixed (Ioom) UK/Coot *46 buyers. risen Muntok ASTA white f.o.b. 100% NLW *317% setters, Sarawak white f.o.b. MM NLW *300 setters, Sarawak special Mack111 words
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Article138 1976-11-23 8 THE Straits tin price In Penang yesterday fell $5.00 to close at $1,235.00 per picul on an official offering up 56 tonnes to 900 tonnes. In LONDON yesterday, tin finished with net losses of around £3 for Cash and £15 for Three Months In both contracts. Pre-market dealings138 words
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Article24 1976-11-23 8 Ratter: Nev 2$ Dee. 2MLSO Malaysia: Dee. 211.6$ (op IM eta). Tie: $1,236.06 (down $6.65) Official eflbriag: 366 teaaes (op 86 teases)24 words
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Article197 1976-11-23 8 IN the Singapore gold market yesterday, the London delivery gold was Initially quoted at U*****/133.50 per ounce compared with the weekend close of UBsl3l/131.50. Profit-ta-king emerged towards the close of the day and the price closed at $132.50/133.00. Trading was subdued and dealers here were adopting a cautious attitude197 words
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Article122 1976-11-23 8 LONDON, Mon. Copper wire bars rose £4 for Cash and £7 (or Three Months. A firmer tendency developed on the pre-mar-ket where short covering pushed Three Months up from £815 to £823 per tonne following an easier trend In sterling and renewed strength In gold, dealers said. Light profit122 words
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Article47 1976-11-23 8 LONDON, Mon. Silver made gains ranging from 4.3 to 3.0p per troy ounce. Dealers attributed the movement mainly to covering and fresh buying prompted by firmness In I gold. Currency factors and the bullion dealers' fix were additional supporting Influences, they added. Turnover was 55 lots.47 words
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Article52 1976-11-23 8 LONDON, Mon. Lead rose for Cash and £6.25 for Three Months. The market moved ahead on the pre-market under bear covering and fresh buying, together with some belated shortcoverlng against recent physical business. In the ring. Three Months traded around the re-market high of £296 per snne. Sales were52 words
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Article210 1976-11-23 8 LONDON, Mon. Robusta futures ware firm, £55 to £$8 a from Friday s dose with lots traded. Initially the terminal opened £20 up from the previous dose with Jan traded at £2,300. Later, active commission house and trade buying coupled with some self block trades led sharp gains. Jan210 words
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Article102 1976-11-23 8 LONDON, Mon. Terminal opened £1.25 to £1.85 higher on Friday's close. Sales totalled 290 lots. Market sources said trade and local buying Interest found selling resistance rather thin against a background of easier sterling, rumours of Venesuelan buying Interest and purchases of sugar by Iran. Trade sources, however, said102 words
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Article219 1976-11-23 8 BANGKOK, Mon. Indicative prices for rice quoted yesterday were: US dollars per tonne FOB basis Bangkok. White Rice: In HONOKONO yesterday, the market was quiet with price down 10 to 20 cents per plcul. The day's turnover totalled 288 tons comprising Thais 99, Kwangtungs 113 and Aus trail as219 words
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Article66 1976-11-23 8 LONDON, Mon. Zinc gained for Cash and £5.50 for Three Months. This metal followed the trend In copper on covering partly aialnst recent physical sales, dealers said. Three Months traded up to £390 in the pre-market and at the start of the ring, but then drifted back under light66 words
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1030 1976-11-23 8 KUALA LUMPUR, Mon. Production of rice, pepper, pineapples, coconut and cocoa went up while sugar and tobacco production dropped, according to the Economic Report 1977/77 published by the Ministry of Finance. Rice production Increased by five per cent to 1.33 million tonnes. This was mainly1,030 words
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MONEY AND EXCHANGES
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Article705 1976-11-23 8 THE Singapore domestic money market saw drastic falls In Interest rates across the board yesterday following the Inability of discount houses here to take up excessive funds. According to dealers this was because of Instructions Blven to the discount houses y the Monetary Authority of Singapore not to exceed705 words
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Article111 1976-11-23 8 Asian rate ASIAN currant? dapoatt intartank rataa aa at etoaa on Nov a. Ui Dalai Oflar n(B»at) BU lntba fatba •■ma llmtba .41/4 .>1/1 »l/» 1/4 .41/1 It/4 114/14 tv.m. 41/1 11/14 11/1« >1/1 >1/1* IM 111/14 Dm. 1 mtb JffiUM BUM li/ia S T/l« ,.1M 2 18/14 41/14 4M111 words
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Article48 1976-11-23 8 HANOI of prtew offww d by tftocount tint— on No* 8 Ovwolght IHioM OaD dapoMt 1 to M Qaa S-Montto Ttmmoiw Mils 1/1« > IVM auk txik 1 w\* S ll/M I-Month CD S 7/» 1 V4 4-Month CD 4 M 4 VM Source: National Discount Co.48 words
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Article304 1976-11-23 8 LONDON, Mon. The dollar moved widely lower to European currency centres at the opening, reacting to reductions to bank rate to North America. The US unit dropped to 2.4100/10 marks from 2.4180/90 on Friday, while sterling traded at U861.6765/75 against 1.6780/ 95 on Friday. In the Eurocurrency market, Eurodollar304 words
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Article129 1976-11-23 8 HONOKONO, Mon. The US dollar made a slight recovery in quiet afternoon trading to close at HK64.7550/ 7560 compared wlth~a*l9 month low at midday of 64.7530/ 7560, dealers said. The earlier decline reflected the impact of lower US interest rates announced on Friday and a rise in Hongkong money129 words
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Article121 1976-11-23 8 TOKYO, Mon. The dollar for overnight delivery closed slightly higher at 295.60, compared with 295.50 at the opening and 295.35 at Friday's close in moderate trading, dealers said. The US currency edged higher on sustained dollar buying to cover Import settlement needs ahead of a national holiday on Tuesday,121 words
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Article127 1976-11-23 8 Euro rates LONDON, Mon. Most Eurodollar deposits opened lower following the U8 discount rate cut to 5-fc from 5-tt per cent, and extended the decline In early trading, dealers said. Initial losses ranged to with early trading rather scrappy. Some periods later extended by or so the early declines with127 words
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Article61 1976-11-23 8 Minimum lending rates (in ACBC 6* Algemene Bank 7 Bangkok Bank .7K Bank of America 8* Bank of China.. .7* Bank of Tokyo .0* Bank Negara Indonesia 7M First Chicago 6* Citibank 6* HSBC 7 Indosuez 7 Malayan Banking 8* Mitsui Bank 8% OCBC 8* OUB 8* Chartered Bank .6*61 words
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Article50 1976-11-23 8 AUSTRALIA/NZ exchanges quoted on Nov 22: Australia: Sterling 0.7391/0.7313 US dollar 1.2383/1.2333 Ninety day air mall buying rates: Sterling 0.7728, US dollars 1.2666 Ninety day forward buying rates: Sterling 0.7483, US dollars 1.2223 New Zealand: Sterling 0.5815/0.5781 US dollar 0.9811/0.9711 Ninety day forward rate: Sterling 0.6244, US dollar 1.00050 words
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Article32 1976-11-23 8 FRANKFURT exchanges opening quotes on Nov. 22 US 2.4122/37 Can 2.4388/4402* UK 4.035/050 Neth 95.85/80 Swltz 98.70/85 Italy 2.780/795 France 48.15/30 Norw 45.78/81 Belg com 6.520/535 Belg fin 8.525/537 Japan 0.8149/5732 words
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Article339 1976-11-23 8 LONDON, Mon. Eurobonds were firm where changed In moderate to active turnover, dealers said. US issues were higher by up to point following the cut,the discount rate to 5% from 5Vi per cent and the lowering of prime rate by Morgan Guaranty to 6 per cent from 6Vi339 words
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Advertisement142 1976-11-23 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Hmes I BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone I i Second class ai Zone 1 Singapore Malaysia. Brunei Overseas mail (Individually wrapped and mailed) Brunei.142 words
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TRANSPORT AND COMMUNICATIONS
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779 1976-11-23 9 BRASILA, Monday NYT STARTING FROM scratch a few years ago, Brazil has emerged as the sixth leading aircraft-producing nation in the world. And, as often happens when a developing country breaks into a new manufacturing market, the Brazilians are under fire from establishedNYT - 779 words
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130 1976-11-23 9 Reuter. WASHINGTON, Mon. American car Imports and domestic production should be curtailed until U. S. transport problems are eased, Democrat representative Bob Jones, head of the U. S. House of Representatives' Public Works and Transportation Commltte said. Speaking to the American Association ofReuter. - 130 words
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Article249 1976-11-23 9 Financial Times LONDON, Mon. Lowndes Lambert Group, a member of the Hill Samuel Group, has been appointed to handle the construction insurance for the US$l billion (552.4 billion) extension of the industrial harbour at the Saudi Arabian port of Jubail. The group was appointed by theFinancial Times - 249 words
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Article73 1976-11-23 9 UPI EILAT, (Israel), Mon. More than 60 tonnes of oil spilled from a tanker yesterday and polluted kilometers of beach and coral reef in the Gulf of Eilat. Workers tried to contain the flow with floating booms and soak It up with straw, a spokesman for theUPI - 73 words
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Article, Illustration355 1976-11-23 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Hugheverett (1500) 31/32 Klyo Maru (Tanker) (0800 after Oyosel Maru) 48 Kota Slngapura (1700 after Xlang Yang) 40 Kristin Bakke (1100 tide after Apostolos A) (Req. starboard to) 6/7 Talyo Maru (JAKC) (2200 27/28 SEMBAWANG PORT Indra B/5 May Crulsei B/5 Ponce B/2355 words
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Article110 1976-11-23 9 SINGAPORE C and E Tours has expanded its travel operations by acquiring a third office located at Shenton House. The new office will be linked to Singapore Airline's KRISCOM computer reservations system by next month. Two of such computers have already been Installed at110 words
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Article91 1976-11-23 9 CORRECT Installation of equipment, particularly electrical circuitry and fittings, bilge piping and pumping arrangements, will be featured at Lloyd's Register of Shipping stand at the 1977 International Boat Show at Earls Court from Jan 6 to 16. The stand put up by Lloyd's yacht and small craft91 words
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381 1976-11-23 9 TERESA LIM - By TERESA LIM THE Joint lATA/FIATA Cargo Agents' Professional Training Programme will be launched early next year In 10 countries, with worldwide plans by 1978. The 10 countries It will be launched In are Australia, Canada, Denmark, Finland, the Netherlands,381 words
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802 1976-11-23 9 SUNNYVALE, (California): Mon NYT IN THE Intellectual boom towns of Silicon Valley, electronics engineers who want to earn degrees from nearby Stanford University have been able to take courses for credit via live television for the last seven years at a vast saving inNYT - 802 words
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Article542 1976-11-23 9 ARRIVALS Service Operator Number Loca Time From CAL CI331 TMA TL303B JAL JL712 SIA SQ211 OIA QA980 OIA QA908 CALTEXPKCFD SAS SK971 SIA SQ201 SIA SQ240 OIA OA944 OIA OA982 MAS MH651 SIA SQ203 OIA OA984 CPA CX703 CAL CI010 SIA SQ641 SIA SQ086 OIA QA904 BA542 words
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Page 9 Advertisements
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Advertisement291 1976-11-23 9 in/IGHT HOLIDRV/ The Executive's Travel Agent Suite 102, Cathay Building Mount Sophia Singapore 9 Telephone *****2. We Help You 16 Mind Your Own Business ade industrf trade industry Hi imijjaa uuuuui ********** l rade*>industry Uade^industry i*l» P The Republic's foremost Business Review The regular review of Singapore's business scene, compiled291 words
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898 1976-11-23 10 LKTTKKS TO THK EDITOR KUALA LUMPUR, Mon. The sound of an electric motor can be heard long before you get to It in the quiet amid the padi fields. The sound strikes you as an Intrusion until you stop to think if 70 per cent898 words
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477 1976-11-23 10 Phillip A.S. Yeo - Phillip A.S. Yeo, Company Secretary, for South Johore Amalgamated Holdings Bhd I HAVE been Instructed to clarify certain points raised In the articles on the company published by the Business Times on Oct 12 and Nov 8. On Sept 3, an477 words
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Page 10 Advertisements
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Advertisement193 1976-11-23 10 n GOLDEN HOPE PLANTATIONS LIMITED THE LONDON ASIATIC RUBBER AND PRODUCE COMPANY, LIMITED THE PATALING RUBBER ESTATES, LIMITED MAP OF ESTATES PERLIS i j THAILAND KEDAH dh V PENANG PROV. WELLESLEY I PERAK KELANTAN TRENGGANU t'y K V 10) (x (tt) *v -'V SELANGOR PAHANG omm g/@ %NEGRI x v193 words
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Article, Illustration768 1976-11-23 11 TOKYO, Mon. Reuter JAPAN'S ruling LiberalDemocratic Party conservative in political orientation is expected to win a general election next month. But the margin of Its victory could indicate Japan's future political direction. The broad options facing the nation are continued conservative rule, the formation of aReuter - 768 words
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Article591 1976-11-23 11 Reuter NEW YORK, Mon. The United Nations Is Increasingly emerging as an honest broker between developing nations which need Western technical expertise and the big corporations which can supply It. In the agricultural field, a prominent role In the provision of technical and development aid Is played byReuter - 591 words
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Page 11 Advertisements
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Advertisement2342 1976-11-23 11 r GOLDEN HOPE PLANTATIONS LIMITED LONDON ASIATIC RUBBER AND PRODUCE COMR THE PATALING RUBBER ESTATES, LIMITED INTRODUCTION The Boards of Golden Hope Plantations Limited ("Golden Hope"), The London Asiatic Rubber Produce Company, Limited ("London Asiatic") and The Pataling Rubber Estates, Limited ("Pataling") (collectively referred to in this announcement as "the2,342 words
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411 1976-11-23 12 UPI HONGKONG, Mon. China, signalling a significant change In economic policy, indicated today that It may resume large-scale purchase of foreign technology and equipment. "Facts eloquently prove that the Introduction of the necessary advanced foreign technique has helped Increase China's strength In developingUPI - 411 words
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Article157 1976-11-23 12 PROFESSIONALISM can only come to the broadcaster after basic training in which he is exposed, through meetings and conferences, to the experience of his counterparts in other parts of the world. This comment was made yesterday be Senior Parliamentary Secretary of Culture Hajl Sha' arl Tadln157 words
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Article86 1976-11-23 12 AP KUALA LUMPUR, Mon. About US$BOO,OOO (551.86 million), worth of goods were sold during the flvedav Australian industrial trade display here which ended Friday, the Australian Trade Commissioner, Mr. Terry Cornln, said today. The Canberra-based director of the display, Mr. Philip Anderson, said the Australian firms whichAP - 86 words
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Article721 1976-11-23 12 LONDON, Mon. Equities weakened over a broad front and at 3 p.m., the Financial Times index had shed 12.1 to 295.1. Last Friday's decline was extended sharply on confirmation of the increase in money supply and some apprehension ahead of the UK miners' meeting tomorrow at which early721 words
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207 1976-11-23 12 FOUR opposition parties yesterday announced the napes of 16 candidates for Singapore's general election. Dr. Lee Siew Choh, leader of Barisan Socialis, said yesterday that six of the candidates are from the Barisan and 10 from the United Front. Another 10 United Front candidates'207 words
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263 1976-11-23 12 LIGHTERS working at Pasir Panjang wharves (P--PW) can now enjoy the concessionary rates introduced by the Port of Singapore Authority (PSA) earlier this month. With effect from Nov 1, 1976, a dockage charge of $1 per 100 grt per hour is payable by the263 words
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944 1976-11-23 12 IS THE Asian dollar bond market a charade? An article In the latest Issue of Euromoney says that It Is. It Is the belief of Mr. Ben Martin of Trident International Finance a Hongkong finance company and sometime merchant banking house that the944 words
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Article, Illustration369 1976-11-23 12 Reuter TAIPEH, Mon. Marhshal Charusathlen Praphas, Thailand's ousted former Deputy Prime Minister, appeared ready to return to Bangkok Imminently after a three-year exile In Taiwan, Informed sources said here. The sources said the Marshal, toppled by student riots In 1973, had completed a roundReuter - 369 words
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386 1976-11-23 12 Reuter KUALA LUMPUR, Mon. Exxon will set up two production platforms off the east coast state of Trengganu In Malaysia where It struck oil two years ago, a company official announced here today. Public affairs manager James Riley told reporters that theReuter - 386 words
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247 1976-11-23 12 KUALA LUMPUR, Mon. Malaysia's export earnings from petroleum and tin are expected to rise to Ms 3 billion by 1980, Primary Industries Minister Datuk Musa Hitam said today. The recent agreement reached between Petronas and the oil companies on production sharing will247 words
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291 1976-11-23 12 TAT Lee Bank will be the first of Singapore's Indigenous bancs to set up house In Jakarta, when Its representative office there Is officially opened today. The bank Is part of the Tat Lee group which was started some 20 years291 words
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Article37 1976-11-23 12 MR. CHO Jock Kim is being sued for $1,061,475.63 by the Comptroller of Income Tax, In a writ filed yesterday In the High Court. The million-dollar suit is for money allegedly due for Income tax.37 words
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Article, Illustration164 1976-11-23 12 THE "Kasuga Maru", largest container ship on the Far East/ Europe route arrived in Singapore yesterday for the first time, en route to Port Klang and then Europe. At a simple PSA presentation ceremony on board the Nippon Yusen Kaisha (NYK) ship, Mr. Willie Rasaiah, assistant164 words
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Article224 1976-11-23 12 PENANG, Mon. MCA national publicity chairman Mr. Lew Sip Hon has assured Malaysians that the Third Malaysia Plan Is not being Implemented to the sole benefit of the bumiputra. He said the plan had taken cognition that economic developments in a multiracial society must benefit every224 words
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Article157 1976-11-23 12 KUALA LUMPUR, Mon. The Customs Department has relaxed the regulation concerning the mailing of parcels containing foodstuff, textiles or "unsolicited" gifts, overseas. From today, export licence from the Commerce and Industry Ministry's Import and Export Department at Wlsma Damansara, Is required If the value of157 words
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Article35 1976-11-23 12 MitsubishiNEB deal Reuter KUALA LUMPUR. Mon. Mitsubishi Corp. signed an agreement with Malaysia's National Electricity Board (NEB) for installation of three turbo alternators worth Ml 101 million at a power extension project In Penang. Reuter.Reuter - 35 words
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Page 12 Advertisements
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Advertisement326 1976-11-23 12 APPOINTMENTS r geccTJ > rrtrlnS /r*/i ttitr\> rt^ GENERAL ENTERPRISES CO., ONE OF THE LARGEST MECHANICAL CONTRACTING COMPANIES REPRESENTING YORK AIRCONDITIONING EQUIPMENT IN THE UNITED ARAB EMIRATES (PERSIAN GULF) HAS THE FOLLOWING VACANCIES: 1) EXPERIENCED AIRCONDITIONING ENGINEERS With A Sound Basic Education in Engineering Sublets And At Least 8 10326 words
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Advertisement249 1976-11-23 12 FAIRC H I L D SINGAPORE PTE. LTD. A multi-national company seeks suitably qualified candidate for a challenging career as PERSONNEL OFFICER Qualifications and Experience A recognised degree in Business Administration or Social Science or its equivalent and supplementary qualifications in personnel management and industrial relations. At least two years249 words
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