The Business Times, 24 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 WEDNESDAY, NOVEMBER 24, 1976 50 CENTS
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  • NEWS IN BRIEF
    • Article
      Lock icon Poor hygiene on ships
      96 1 Reuter SOUTHAMPTON. (England), Tues. A national survey by health officers criticising hygiene standards on British ships drew angry protests yesterday from the shipping Industry and a call by the opposition for a government statement. The survey was carried out by the Environmental Health Officers' Association last
      Reuter  -  96 words
    • Article
      Lock icon Draft air pacts
      63 1 UPI MANILA, Tues. The Philippines and Saudi Arabia have agreed to negotiate an air services agreement, the Philippine foreign office announced today at close of a two-day meeting between the two countries. The two sides held preliminary talks in Manila during which they exchanged draft air agreements.
      UPI  -  63 words
    • Article
      Lock icon EEC trade Japan acts
      82 1 Reuter TOKYO, Tues. Japan today drew up proposals for correcting its large trade surplus with the European Common Market, the cause of a growing friction between the two parties, government sources said. At a meeting today, Japanese officials decideck to boost imports by stimulating the domestic
      Reuter  -  82 words
    • Article
      Lock icon Richard confident
      78 1 Reuter GENEVA, Tues. Britain's chairman of the Rhodesia conference meets two key black nationalist leaders here today, confident that he will soon break the protracted deadlock on a target date for legal independence for the breakway British colony. Mr. Ivor Richard is planning to hold a joint meeting
      Reuter  -  78 words
    • Article
      Lock icon Timor-Malik lashes out
      62 1 Reuter JAKARTA, Tues. -r Indonesian Foreign Minister Adam Malik had deplored what he sees as lack of understanding of the East Timor issue on the part of some United Nations member countries. Antara news agency reported today that Mr. Malik had also warned the United Nations not
      Reuter  -  62 words
    • Article
      FT index up 7.2
      37 1 LONDON, Tues. A statement from the miners' union that it may compromise over the claim for early retirement helped push the Financial Times Index up 7.2 points to 300.4 at 3 p.m. today.
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    • Article
      Lock icon Dow Jones
      43 1 UPI NEW YORK, Tues. Dow Jones averages, based on the first hour of trading today onthe New York Stock Exchange: 30 Indus 951.38, off 4.49; 20 trnsp 223.97, up 0.23: 15 utlls 101.23, up 0.13; 65 stocks 307.37, Off 0.70. UPI.
      UPI  -  43 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      171 1 EASIER conditions prevailed in very quiet trading at the Stock Exchange of Singapore yesterday. Price movements were generally narrow and did not provide any incentive to deal. The Business Times index fell 3.32 points to 244.63 while the Straits Times Industrial index was down only 0.53 point
      171 words
    • Article
      In Kuala Lumpur
      101 1 Falls Most octivt S.E.A. L'ber $0.50 -.31 Central Sugars 72,000 Golden Hope $3.06 -.14 General Lumber 66,000 FandN $3.98 -.12 Slme Darby 55,000 O.C.B.C $7 80 10 Haw Par 54,000 Ldn. Asiatic Intraco DBS. Pacific Dev. $2.66 $2.04 $3.68 $0.69 -.09 -.06 -.06 -.05 Total Turnover: 0.90
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  • Article
    Poll vote at high noon on Dec 10
    415 1 THE poll vote to decide whether the Incumbent Slme directors should stay or whether they should be replaced by three prominent Asean businessmen will be taken at noon on Dec. 10 once more at the Regent of Kuala Lumpur Hotel-site of Slme
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  • Article
    Sime appeals direct to shareholders
    1364 1  -  ■y QUEK PECK LIM BIME Darby Holdings yesterday entered what could prove to be a most costly battle to defend the seats of its four Incumbent British directors against dissident forces which Slme said are led by Pernas Securities, the Malaysian government company. The issue
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  • Article
    Lock icon 'Backdoor approach not acceptable'
    307 1 Reuter HONGKONG, Tues. Dr. Keith Bright, Slme Darby's chief executive, who arrived here today to rally the support of shareholders, told newsmen that the 81me board does "not accept this 'backdoor nationalisation' approach and cannot accept domination of the board by one minority group of shareholders."
    Reuter  -  307 words
  • Article
    MILESTONES: A QUICK LOOK
    328 1 MARCH 9: The Kuala Lumpur Stock Exchange discloses to the Stock Exchange of Singapore that 46 million Slme Darby shares (or nearly one quarter of the issued capital) have not been given a listing on the KLSE. MARCH 12: Slme Darby reveals to the SES that
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  • Article
    Trade team for China
    28 1 A GOODWILL and trade mission organised by the Standing Committee of Commerce and Industry will be leaving for China on Dec 4 this year.
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  • Article
    Visit by Suharto next week
    114 1 JAKARTA, Tues. President Suharto will pay a oneday visit to Singapore en Nov 29 at the invitation of Prime Minister Lee Kuan Yew, the State Secretariat announced today. The announcement said Mr. Suharto and Mr. Lee will discuss matters of mutual interest to the two
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  • Article
    Lock icon Falling dollar continues to drag sterling down
    300 1 UPI BRUSSELS. Tues. The US dollar continued in the doldrums in European markets, still apparently suffering from Friday's lowering of the US discount rate. In Brussels and Amsterdam the dollar hit its lowest rates in 17 months, and in Frankfort and Zurich its
    UPI  -  300 words
  • Article
    January date for Slater, Tarling hearing
    380 1 LONDON, Tues. Eleven days In January have been set aside for the extradition proceedings against Jim Slater and Richard Tarling brought by the Singapore Government. They are January 5-7, 1013, and 17-20 Inclusive. It was clear from exchanges In the Chief Metropolitan Magistrate's Court
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  • Article
    S'pore dollar bond issue
    252 1 INVITATIONS have been sent to leading financial Institutions In Singapore, Malaysia and Hongkong to participate In the first Singapore-dollar denominated bond issue to be floated In the local capital market. The $10 million Orient Leasing bond maturing in 1982 will be lead managed by Singapore Nomura
    252 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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    • Advertisement
      Page 1 Advertisements Column 2
      88 1 travel easier.. Chase can supply you with travelers' checks, change Singapore money into any foreign currency you need, and transfer funds to whichever country you require. Chase has a global network of more than 210 branches in over 100 countries makes banking easier for you wherever you are. There are
      88 words
    • Advertisement
      Page 1 Advertisements Column 3
      249 1 GaS has got o ew flame The printing calculator that prints numbers in easy-reading thousands heavy duty Logos 42 makes light work of office calculations Designed fa heavy use, the new Logos 42 has all the features you need fa fast, efficient office calculations as well as the right components
      249 words
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  • OVERSEAS
    • Article
      Lock icon MINI WITH A GIANT RECORD – FOUR MILLION
      165 2 MINI WITH A GIANT RECORD FOUR MILLION Reuter BIRMINGHAM, Tues. The four millionth Mini rolled off the assembly line at Leyland Motor's Longbridge plant here yesterday to set an all-time British car production record. Now In its 17th year, the Mini Is still a profitable product for the state-owned firm,
      Reuter  -  165 words
    • Article
      Canadian dollar valued too high
      123 2 NEW YORK, Tues. The Canadian dollar Is significantly over-valued and based on relative Inflation and costs is worth between 86 and 92 US cents, according to Mr. Pomp, an economist for Oppenhelmer and Co. In a study he said the Canadian dollar Is unlikely to
      123 words
    • Article
      Lock icon ADB loans for Dacca, KL
      95 2 Reuter MANILA, Tues. The Asian Development bank approved today a lowInterest loan of US$2.5 million (Ss6 million to Bangladesh for technical services for a urea fertiliser plant and a related natural gas system. The loan Is repayable In 10 years with a two-year grace period
      Reuter  -  95 words
    • Article, Illustration
      Lock icon Testing time ahead for Labour Party
      457 2 Reuter LONDON, Tues. Britain's 30-month-ohl Labour Government, now in a bitter fight with the House of Lords, faces a tough survival course in the new session of Parliament to be opened by Queen Elizabeth tomorrow. The current session closed last night with the death
      Reuter  -  457 words
    • Article
      Lock icon Bank to the rescue at London money mart
      317 2 Reuter LONDON, Tues. The Bank of England gave assistance on an almost unprecedented scale to relieve an exceptionally acute shortage of funds in the discount market, money market sources said. The bank bought treasury bills and local authority bills from banks and
      Reuter  -  317 words
    • Article
      Lock icon UN secret meeting
      71 2 Reuter UNITED NATIONS, Tues. Security Council members are expected to meet in secret shortly to consider who will be Secretary-General of the United Nations for the next five years. Informed sources said yesterday a principal purpose of the consulatlons was to establish whether China was ready to
      Reuter  -  71 words
    • Article
      KENNEDY BLASTS LOAN CONDITIONS TO UK
      166 2 WASHINGTON, Tues. Senator Edward Kennedy, Democrat (Massachusetts), said yesterday the United States Is seeking to Impose "unrealistic and selfdefeating requirements" on Great Britain as the price of a major loan from the International Monetary Fund. "This Is a critical moment for the British economy
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    • Article
      Lock icon Orders fall
      41 2 Reuter LONDON, Tues. UK new construction orders totalled a provisional £212 million (SsB 48 million), in September at 1970 prices seasonally adjusted, against 231 million in August and 237 million In September last year, the Environment Department said. Reuter.
      Reuter  -  41 words
    • Article
      Lock icon Manila's prospects as world convention centre
      232 2 AP WASHINGTON. Tues. The current iasue of US Newt and World Report considers the prospects for turning Manila into a world convention capital. In its "Business around the world column," the two million weekly said that "tone experts sav the Philippine tourist trad/is not
      AP  -  232 words
    • Article
      Lock icon ILO safety
      38 2 AP GENEVA, Tues. A twoyear worldwide programme to help reduce industrial accidents now claiming an estimated 100,000 lives annually has been endorsed by the governing body of the International Labour Organisation, the ILO announced yesterday. AP
      AP  -  38 words
    • Article
      Lock icon FOREX BAN UNSETTLES MEXICAN ECONOMY
      620 2 Reuter MEXICO CITY, Tum. The Mexican economy vu plunged into uncertainty today after the Central Bank banned all official foreign currency dealings to stem a panic run on the peso. Private banks exempted from the ban said the peso was being quoted at 28.10/38 to
      Reuter  -  620 words
    • Article
      Lock icon PAPUA'S COFFEE TO EARN MORE
      105 2 UPI PORT MORESBY, Tues. Coffee is expected to move into the top spot as Papua New Guinea's export earner next year, exceeding the earnings from the big Bougainville Copper Mine, Industry Minister Mr. Boyamo Sail told Parliament yesterday. j Introducing a bill Co consolidate existing
      UPI  -  105 words
    • Article
      Qatar visit ban
      27 2 DOHA (Qatar), Tues. Foreigners will be banned from entering Qatar during the mid-December meeting of the Organisation of Petroleum Exporting Countries, sources reported yesterday.
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    • Article
      Lock icon '$44 mil payoffs to help sales of N-reac tors'
      316 2 AP OTTAWA, Tues. Atomic Energy of Canada Limited, a Federal agency which promotes the sale of nuclear reactors abroad, paid nearly CslB million (5544.1 million) to European and Israelibased agents for South Korea and Argentina to help sales of nuclear reactors,
      AP  -  316 words
    • Article
      Lock icon 'Yes' to talks on cutbacks
      377 2 Reuter TOKYO, Tues. Major Japanese ship builders agreed to meet their EEC counterparts for talks about the proposed cutbacks of Japanese ship exports, a spokesman for the Shipbuilders Association of Japan said. The spokesman said the association's agreement to hold talks will be Included In
      Reuter  -  377 words
    • Article
      Lock icon S. Africa's price rise slows
      89 2 Reuter PRETORIA, Tues.- The all items South African consumer price index rose 0.7 per cent in October giving an 11.1 per cent increase in the twelve months ended October, Department of Statistics figures show. This compares with a 0.8 per cent gain In September which
      Reuter  -  89 words
    • Article
      Lock icon NZ trade surplus
      42 2 Reuter WELLINGTON, Tues. New Zealand's exports exceeded Imports by NZ$2l million (Ssso million), last Sonth, the largest trade irplus since May, the Reserve Bank reported here today.Export receipts totalled $247 million dollars and lmRort payments were 226 mllon. Reuter.
      Reuter  -  42 words
    • Article
      Lock icon OAPEC meet to discuss co-operation
      131 2 Reuter KUWAIT, Tues. The Organisation of Arab Petroleum Exporting Countries (Oapec) met here today to discuss cooperation among their 10 member states. The conference agenda centres on reviewing the progress of Joint Oapec ventures such as the dry dock being built in Bahrain, an oil
      Reuter  -  131 words
    • Article
      Lock icon Pakistani debts to Japan rescheduled
      120 2 UPI ISLAMABAD, Tues. An agreement on rescheduling Pakistan's debt to Japan amounting to 7.65 billion yen (SS67 million), during 1976-77 was signed here yesterday, officials said. The rescheduled debt, to be repaid over a 30-year period including a 10-year grace period, will carry an annual
      UPI  -  120 words
    • Article
      Lock icon Jute imports threaten French jobs
      115 2 Reuter PARIS, Tues. Some 500 people In the French Jute Industry will lose their Jobs If the French Government does not act to reduce the high level of cheap Jute Imports from India and Bangladesh. a spokesman for the French Jute manufacturers association said. The
      Reuter  -  115 words
    • Article
      Lock icon Backlash fears
      72 2 AP WASHINGTON, Tues. Japanese officials fear a backlash from alleged South Korean bribery of US congressmen." says US News and World Report. "Their worries: Japanese pototlclans will also be revealed as having taken payoffs and even worse the American reaction might hasten the withdrawal of US troops from
      AP  -  72 words
    • Article
      Lock icon Decision to cut EEC dairy surplus put off
      251 2 Reuter BRUSSELS, Tues Common Market Farm Ministers last night postponed a decision on plans to reduce the EEC's huge dairy surplus until the Community's Parliament had studied the proposals. But EEC officials said they thought the real reason behind tne postponement was
      Reuter  -  251 words
    • Article
      Lock icon China team for B'desh
      57 2 Reuter DACCA, Tues. A threemember Chinese delegation will arrive here on Friday to negotiate a trade agreement with BanglaIdesh. It will be the first official delegation from China to visit here since relations were established between the two countries In October '•last year. Bangladesh trade and
      Reuter  -  57 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      147 2 SEE PAGE 10 t w SINTAT i <m- V Sintat combines cordiality, punctuality, good business sense with hospitality, professionalism. Service means we diplomacy with economy. And, what are YOUR considerations organise everything conceivable for the convenience of our when you consider using a car rental service? Service of course! clients.
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      352 2 WEATHER report for 24 hours prior to 7.30 p.m. on Nov. 23 at Singapore airport. Maximum temperature 31.0° C Associated humidity 67 Minimum temperature 22.8° C Associated humidity 98 Hours of sunshine 5.95 Rainfall In millimeters I Trace Total rainfall for the month 244.1 Total rainy days for the month
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      838 3 M A K ATE MI MSCHIH SIFA A (Bank Founded in 1472) A Credit Institution of PiiWk* \jm ilt *> *3*:h j m C I NO U A N I'A \WkXTTiA \4 r i o'vv /<rf t- 5 4 4 Buono agrario paper money issued by Monte dei Paschi at
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  • COMPANY NEWS
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      Page 4 Advertisements Column 1
      111 4 Working Long Hours? Coffee Problems? Here Is Your Answer! ff •5 t J Check which of these are your hot drink headaches Time lost while drinks are made. Even more time lost sending out for them Work disrupted by exodus to neighbouring cafe. j Resentment over drink-making rotas j Complaints
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Buoyant year for Sears Roebuck
      190 5 NEW YORK, Tues. With the first nine months having seen a very strong rise in profitability, 1976 is turning out to be a very buoyant year for Sears Roebuck. For from all Indications, the last three months of the current year will see a continuation
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    • Article
      Lock icon Occidental, Soviet contract
      158 5 NYT MOSCOW, Tues. The Bovlet Union and Occidental Petroleum Corp have signed a major agreement for shipment of ammonia to The United States, the Tass news agency said yesterday. Tass said the Soviets have agreed to deliver over 10 years, beginning in 1978, 3.5 million metric tons
      NYT  -  158 words
    • Article
      Lock icon Iran takes stake in Krupp unit
      441 5 Reuter ESSEN, Tues. Iran has brought a direct stake in the Fried Krupp Brazilian subsidiary Krupp Metalurgica Campo Limpo (nominal capital 360,000 cruzleros), a Krupp spokesman said. But he declined to give the size or price of the stake. He said the deal, first
      Reuter  -  441 words
    • Article
      CU profit doubles
      265 5 LONDON. Tues. With good improvement in most of its overseas business, Commercial Union Assurance has enjoyed more than doubled profits at the three-quarter mark. For the nine months ended Sept 30, 1976, pre-tax profit rose to £28 million from £11.7 million to produce earnings per share of
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    • Article
      Lock icon Shift in mutual funds investment
      375 5  -  By ROBERT METZ NYT THE investment emphasis of mutual funds shifted from chemical and petroleum refining companies to telecommunications companies and oil and gas field service and extraction companies in the quarter ended Sept 30, 1976. These and other facts emerged from a study of
      NYT  -  375 words
    • Article
      Lock icon IBEC seeks US$200m
      110 5 Reuter LONDON, Tues. The International Bank for Economic Cooperation, Moscow, is arranging a US$2OO million five-year Euro-currency loan, bankers said. It will represent the largest loan so far sought by the bank in the syndicated Eurocurrency markets, they said. The loan carries a spread of 154 per
      Reuter  -  110 words
    • Article
      IH wage rise contract
      98 5 CHICAGO, Tues. International Harvester said its new master contract with the United Auto Workers (UAW) provides for a wage Increase of 34 US cents to 43 cents an hour retroactive to Oct 4. The contract was ratified over the weekend by the 40,500 Harvester employees represented
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    • Article
      AM
      63 5 NEW YORK. Tues. Addressograph Multi-graph has suffered a 40 per cent plunge in first quarter net earnings to U*****,000 from $551,000 on practically unchanged revenue of $137.7 million ($133.8 million). Earnings per share were down to four cents from six cents previously. The latest earnings include $1.1 million gain
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    • Article
      Babcock
      30 5 NEW YORK, Tues. Babcock and Wilcox has raised Its quarterly dividend to 30 US cents from 25 cents, payable on Jan 3 to shareholders on record on Dec 10.
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    • Article
      Lock icon Nissan sees higher profit
      315 5 Reuter TOKYO, Tues. Nissan Motor executive vice president, Mr. Tadashl ishih&ra, said the company alms to boost net profit to 84 billion yen In fiscal 1079 ending March 31, from 52.21 billion in fiscal 1075. on gross sales of 2,050 billion yen (1,770 billion). The first
      Reuter  -  315 words
    • Article
      Bayer world earnings rise
      285 5 LEVERKUSEN, Tues. Bayer said its world pre-tax profit, rose to 904 million marks in the first nine months of this year from 357 million marks in the same 1975 period. World sales rose to 15.87 billion (13.04 billion) marks with the third quarter figure at 5.03
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    • Article
      Lock icon Cons Goldfields head optimistic
      190 5 Reuter T Tues. Consolidated Goldfields chairman Lord Erroll said the group outlook for the current year continues to be good and some Improvement in profit is expected. He told the annual meeting the group should benefit from the US economic recovery expected in 1977 now the
      Reuter  -  190 words
    • Article
      Esso denial
      89 5 ROME, Tues. Esso Itallana denied that it Is threatening to withdraw from Italy unless Italian oil firms are allowed to reflect any crude oil price rises in higher sales prices. Esso was replying to press reports that it has Informed Italian prime minister Qlullo Andreotti of Its Intention
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    • Article
      Lock icon Newsprint price rises
      755 5  -  COST-PUSH SITUATION By ELIZABETH FOWLER NYT IN many industries rising prices usually Indicate continued good demand for their products. The newsprint Industry apparently represents an exception. Its prices are rising, while demand is weakening. An analyst of a leading brokerage firm, who asked not to be lndentlfied,
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    • Article
      Lock icon MAC bonds rating unchanged
      137 5 Reuter NEW YORK, Tues. Standard and Poors Corp said It will hold Its rating on Municipal Assistance Corp bonds unchanged at "Aplus" following the court decision that a moratorium on New York City notes In unconstitutional. Standard and Poors president, Mr. Brenton Harries, told Reuter he
      Reuter  -  137 words
    • Article
      S. Pacific gas flow
      83 5 SYDNEY, Tues. Southern Pacific Petroleum reported a further gas show from the Reggente N0.2 well in Italy. It said the well is being completed In two zones in the Pliocene sequence 1,414 to 1,423 metres and 1,450 to 1,474 metres. These zones respectively flowed gas at
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    • Article
      Lock icon Mexico to raise 60m mark loan
      96 5 Reuter FRANKFURT, Tues. The Mexican state-owned financing agency Naclonal Flnanciera is raising 60 million marks through a seven-year private Eurobond placement, probably with an 8 3/4 per cent coupon, banking sources said. Issue price, which will be finalised together with the other conditions on
      Reuter  -  96 words
    • Article
      Mixed views on Fairchild's future
      295 5 LOS ANGELES, Tues. Sometime early next year Fairchlld Camera and Instrument Corp will make Its debut on the London Stock Exchange, and British analysts will be joining their American counterparts In trying to plot the prospect of one of the more volatile stocks In the
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    • Loans
      • Article
        Germany's 1bn mark issue
        152 5 FRANKFURT, Tues. The German Government is Issuing a one billion mark, 7V« per cent, 10-year loan at 99V» per cent, to yield 7.32 per cent, the Bundesbank said. Of the total, 800 million marks will be placed by the issuing consortium and the remaining 200 million
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      • Article
        IHCC
        37 5 CHICAGO, Tues. International Harvester said a subsidiary, International Harvester Credit Corp, plans to file with the Securities and Exchange Commission later this month for a proposed issue of US$75 million of notes due Dec 15, 1986.
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      • Article
        Council of Europe
        62 5 FRANKFURT, Tues. The Council of Europe is raising 60 million marks through a seven per cent, seven-year Eurobond, lead manager Berliner Handels-Un Frankfurter Bank said. The multi-national European agency is officially titled the Council of Europe Resettlement Fund for National Refugees and Over Population in Europe. Issue
        62 words
      • Article
        Hydro power bonds
        84 5 NEW YORK, Tues. A syndicate headed by First Boston Corp said it tentatively priced an offering of doubfe-A rated British Columbia hydro power authority bonds, due 2006, and raised the amount of the issue. The underwriters said the amount of the offering has been increased to US$l75
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      • Article
        N. Sea Gas
        49 5 DUESSELDORF, Tues. The North Sea Gas consortium is increasing its 12year Eurobond issue to 150 million marks from 100 million and cutting its coupon by K point to 7'a per cent, a spokesman for issue manager Westdeutsche Landesbank Glrozentrale said. Issue price Is 99Vi per cent.
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    • Article
      Lock icon Profit margins
      279 5 Reuter For the full year, Mr. Luger expects net of $2.50 $2.80 a share, while Mr. Hanlsee is carrying an estimate of $2.50, and Mr. Allen is bearish at $2.20. In 1975, Falrchild earned $1.94 a share from operations, excluding a gain of 51 cents from a change
      Reuter  -  279 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      29 5 jjf Jaß iiiftli llliJi&l* Pff mm :.T" 1 U gri Ya Wf I'&idkrf •«w 3 Oh. "MKifr 5 J ji^s *►.a is*. IfL L 1 ir I*" |r "t|-
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    • Advertisement
      Page 5 Advertisements Column 2
      323 5 Many cars offer some of the tilings aVblvo does. No car in the same class offers all the things aVfolvo does. This sounds like quite a claim. But if you check this list against any other car of the same class, you'll find that we're not just making idle talk.
      323 words
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  • Article
    Share Information Service
    2005 6 SECTION ONE INDUSTRIALS 1976 High Low Company Last Sale +orGr'» div Div c'vr Gr'a y'Vd P/E Vol Day 000) High Low 250 206 100 237 186 402 204 248 460 137 170 172 60 185 66 254 149 172 394 39 Ac ma Alcorn Allied Choc Bata
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  • Article
    Transactions in Singapore
    1211 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
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  • Article
    Unit trusts
    163 6 SINGAPORE UNIT TRUST (Managers' price* for Nov 24) INCOME BOND UNIT (Current price*) The Commerce j 87 j 77 The Saving Fund 0 94 0 99 INCOME BOND 1 07 1.13 Spore Prog Fund 0 79 0 84 S pore Security Fund 124 131 pore Invest Fund 1
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  • Article
    External currency bonds
    119 6 5 l/2*X 1/12/77 (1,000.000) (101 688 101 78S) 5 \/2% 15/4/78 (1.000.000) (101 648 101.735) 3/4** 15/6/80 (1.000.000) (102 608 102 70S) 6 3/4*& 1/12/80 (1.000.000) <102 608 s** Tf 15/4/81 (1,000.000) (100 858 100 955) 5 3/4*7, Tf 15/6/81-84 (1,000,000) (102.458 102.555) 6 1/47, Tf 1/12/90
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  • Article
    In Kuala Lumpur
    1149 6 BID and offer prices officially listed and business in and 10 the Kuala Lumpur Stock Exchange yesterday with the number of shares traded h ™H n In brackets in lots of specified 1 1 un,ess oth erwlse INDUSTRIAL* AJiimnml* (IMB 1.888). Alum (2.10B) (1) 2.10. XD A.
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      121 6 msnoffm TUTEOOD START nam with mm pimiunmis Ham siuoiis Qmm WOLSEY HALL COURSES Professional Examination Courses Institute of Administrative Management Institute of Bankers Inst, of Chartered Secretaries and Administrators Institute of Statisticians London Chamber of Commerce and Industry Business studies courses Economics Commerce Administrative Practice Secretarial Company Secretarial Practice General
      121 words
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  • Article
    Shares edge lower
    511 7 SHARES continued to edge lower in very light trading at the Stock Exchange of Singapore yesterday. Investment sentiment remained generally very cautious and the few weak holders' stop-loss selling accounted for most of the losses which ranged up to two per cent in extreme cases. The reluctance
    511 words
  • Article
    Trading in KL sluggish
    346 7 CONDITIONS remained sluggish at the Kuala Lumpur Stock Exchange yesterday with prices undergoing another round of mild erosion. With the proposed oil price hike hanging over the market, it was not surprising for shares to behave in this lacklustre fashion. Under the circumstances, it appears that
    346 words
  • Article
    Neckermann shares come under suspension
    112 7 FRANKFURT, Tues. The shares of Neckermann Versanti KG A A have been suspended on the Frankfurt, Berlin, Duesseldorf, Hamburg and Munich bourses until further notice, the spokesman said. The reason given is the meeting this morning between Neckermann, Karstadt and Neckermann's banks, which will discuss
    112 words
  • Article
    Alexandra Holdings
    26 7 ALEXANDRA Holdings has subscribed for an additional 200.000 $1 shares at par in wholly-owned subsidiary Alexandra Securities, raising the paid-up capital to $3 million.
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  • WALL STREET AND OTHER OVERSEAS MARKETS
    • Article
      New York
      1219 7 NEW YORK: Stock prices rose steadily all day In active trading gaining strength from a decline in short-term Interest rates and overcoming concerns about action on New York city's financial rescue plan". On Friday, the Federal Reserve cut the discount rate to 5* per cent and today First
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    • Article
      Amsterdam
      324 7 AMSTERDAM: The market was lower on Monday due to the decline of the US dollar on foreign exchanges and uncertainty over Opec s likely action on oil prices, dealers said. Among Dutch internationals Akzo rose one guilder after releasing Its third quarter figures on Friday and Ho«gvv«p* also finned
      324 words
    • Article
      Frankfurt
      270 7 FRANKFURT. Shares closed mixed on Monday with gains predominating, dealer said. Attention centred on stores following news of the Berlin cartel office approving Karstadt's takeover of Neckery mann. Neckermann closed 4.5# marks higher and Kardstadt rose two. Otherwise Interest focussed on banks, which gained up to 3.40 marks and
      270 words
    • Article
      Jo'burg
      380 7 JOHANNESBURG: Gold shares continued to make small gains In light trading on Monday as dealers awaited a continuation of higher overseas bullion Indications. market sources said Financial minings were quiet and basically unchanged. .De Beer* lost one cent to 317. Coppers were easier with Messina moving off the top
      380 words
    • Article
      Paris
      477 7 PARIS. The market was generally lower on Monday, with heavy falls In steels, constructions and stores, dealers said. Chiero. Denain, La Fayette and Bouvgues all declined and metals also fell an average three to four per cent. The recent survey by the national statistics institute on the construction industry,
      477 words
    • Article
      Zurich
      295 7 ZURICH: The stock market generally closed barely steady In very quiet dealing. Some higher exceptions Included Swissair Dearer In transports. Bankgeaellschaft among leading banks and Bally Bearer, Elektro-Watt and Italo-Suisse In flnanclals. Merkur Registered was quite resistant In foods. After a very steady opening Alusui**e Bearer closed somewhat under
      295 words
    • Article
      Milan
      156 7 MILAN: The market closed firm on Monday on improved demand In active trading, dealers said. In leading industrials. Anic, Montedison Snia Viscosa, Pirelli E C. Fiat and Olivetti Privileged all rose while Olivetti Ordinary and Pirelli Spa were marginally lower against the trend. Insurances, flnanclals and banks also advanced.
      156 words
    • Article
      Brussels
      156 7 BRUSSELS: The market continued to rise on Monday despite the appearance of some profit-; takers, with business volume slightly below Friday's level but still above average. UCB, Tabcoflna, Cometra, and Intarcom fell. French stocks again declined and there were net falls in UK issues. US stocks were mixed, other
      156 words
    • Article
      Toronto
      296 7 TORONTO: The Industrial and base metal indices were both off more than 1 point at the close of light trading on the Toronto market on Mondav. Noranda A dropped to 29% Bell Canada fell 3/4 to 46%. Dome Pete was unchanged at' 35%, Alcan lost bit at 22%. Genstar
      296 words
    • Article
      Tokyo
      14 7 TOKYO: The stock market was closed on Tuesday for a Japanese national holiday.
      14 words
    • Article
      Sydney
      440 7 SYDNEY: The market fell to a new low on Tuesday for the year on persistent selling, with the national wage case decision depressing sentiment, dealers said The Sydney All-Ordinaries index fell 4.72 points to close at 407.47. BHP fell 14 cents to a year's low of $6.20 and its
      440 words
    • Article
      Hongkong
      466 7 HONGKONG: The market again closed easier In quiet, featureless trading on Tuesday, with some blue chips easing on London's weakness and a few second liners showing isolated gains, dealers said. The Hang Seng Index fell 1.57 points to close at 387.14. China Engineer*, which is rarely traded here, rose
      466 words
    • Article
      Manila
      89 7 NOV Pesos Acoje Mining Atlas Con. A Atlas Con B. Baguko Oold BenruetCon B BF Goodrich CDCP IncoB L* panto B Marlndyque B Meralco Oriental A Oriental B Phil Overseas Phllex A Phllex B PlcopA Plcop B purr Podco B San Miguel A San Ml«uel B .014 28 75
      89 words
    • Article
      Bangkok
      79 7 nov a BahU Asia Fibre 118 Bangkok Bank 233 Bangkok Invest ISO 1 Bangkok-Metro-politan Bank Bata 341 Berll Jucker 147 -1 Charoong Thai Wire 147S *2 Dumex Dusit Than! Faber Merlin First Trust Indo-Thai J And J Ho 155 ♦6 Jalaprathan Cement 78 unch Karnasuta Lee Kwang Mln Metal
      79 words
    • Article
      Indices
      88 7 fina: «im times INDUSTRIALS 293 2 307.2 Week ago 311.8 T1N> Monday 116.94 117.70 Week ago 122.28 RUBBERS Monday 495.72 503.38 Week ago 490.66 OILS Monday 372.29 382 10 Week ago 374 53 DOW JONES AVF.RAGE INDUSTRIALS Monday 955 87 *48 80 Week ago 935 42 LONDON DOLLAR PREMIUM
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    • Article
      Inchcape dividend
      68 7 HONGKONG, Tues: Inchcape Enterprises is to pay an unchanged interim dividend of five HK cents for 1976. The company said its two new subsidiaries Fidelity Motors (1976) and Neil Pryde have performed satisfactorily, and it anticipates a final dlvidened of not less than seven cents (same). The company
      68 words
    • Article
      World Bank
      63 7 FRANKFURT, Tues. The World Bank Is raising over 200 million marks through an International private placement arranged by a banking consortium led by Deutsche Bank and Dresdner Bank, banking sources said. Final conditions have not been fixed but the loan is expected to have a maturity of more
      63 words
    • Article
      Mt. Newman
      48 7 PERTH, Tues. Mt. Newman Mining said it laid off its entire production and ship loading workforce at Port Headland, Western Australia. This follows two weeks in which no ore has been railed to the port from the company's Mt. Newman mine because of a rail strike.
      48 words
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      93 7 CFpllpC a BRIGHTER FUTURE FOULKS LYNCH Enrol now with FEDERAL PUBLICATIONS Home Studies Division for the following FOULKS LYNCH Courses Association of Certified Accountants Institute of Cost and Manaaement Accountants Association of International Accountants Institute of Taxation Institute of Accounting Staff Society of Company and Commercial Accountants Institute of Administrative
      93 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Rubber market
      677 8 OPENING quotations In the Singapore rubber market were marked up following higher overseas advices and sterling's poor performance. December was traded at a high of 207.00 cents but lack of buying support and light profittaking caused It to ease back to around 206.25/206.75 and It remained at this
      677 words
    • Article
      SSR and SMR
      119 8 DAILY SSR and SMR prices at noon yesterday: R.A.S. Dec. (Current Mth) Buyer. Seller* (cent* per k<) Jaa. (Forward Mth) Buyer* Seller* (cent* per kg) SSR 20 SSR 50 (1—ton Pallet) (1—ton Pallet) 190 00 187 50 192 00N 189 50N 191.00 188.50 193 00N 190 50N
      119 words
    • Article
      Straits tin
      210 8 THE Straits tin price in Penang yesterday fell $0.87* to close at $1,228.12 ft per plcul on an official offering down 80 tonnes to 220 tonnes. In LONDON yesterday, tin gained around £21 per tonne for Cash and £28 for Three Months in both contracts. Dealers attributed the
      210 words
    • Article
      Closing prices
      30 8 Rubber: Nov 23 Singapore: Doe. 206.50 (up 1.80 ct.) Malaysia: Dec. 212.50 (up 1.50 eta) Tin: 81,228.12 ft (down 86.87 ft) Official offering: 220 tonnes (down 80 tonneo)
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    • Article
      Lead
      86 8 LONDON, Tues Lead eased £2.25 per tonne for Cash and £2.50 for Three Months. There was no followthrough to Monday's bear covering and fresh buying support and the market drifted back under selling which mostly appeared to Involve hedging, dealers said. Three Months finished at £294 a tonne compared
      86 words
    • Article
      Palm oil
      132 8 THE following Palm Oil prices were quoted In London on Monday. The prices are elf Rotterdam and are quoted in US dollar per lone ton unless otherwise stated Monday Pre* Malaysian S% ffa bulk Dec unch 485 sir Jan unch 455 sir Feb unch 455 sir Sumatra 5%
      132 words
    • Article
      Produce prices
      245 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut OU: Bulk 175 Miter*, old drum $80 sellers, new drum IBS sellers Copra: Mixed (Ioom) UK/Com M buyer*. Pepper: Muntok ASTA white 1.0.b. 100* NLW *317* tellers. Sarawak while f o b. M* NLW 1300 seller*. Sarawak
      245 words
    • Article
      Gold
      350 8 IN line with overnight levels and Influenced by sterling US dollar weakness gold opened higher In Singapore yesterday. After starting at U*****.25 per ounce it drifted in a featureless market to 8134.50 before recovering slightly to close at 8134.80 The kilo bar was a dull market at 8810,700. The
      350 words
    • Article
      Copper
      201 8 LONDON. Tues Copper wire bars lost £7.50 per tonne for Cash and £0.50 for Three Months. Dealers said the easy New York close and poor physical demand brought out liquidation which took Three Months down to £816 on the pre-market before short covering emerged based on the easier trend
      201 words
    • Article
      Zinc
      97 8 LONDON, Tues Zinc fell £3 per tonne for Cash and £2.50 for Three Months. Dealers said this metal followed a similar pattern to lead, slipping back under hedge selling In the absence of fresh covering support against recent physical sales. Three Months traded down to £386.75 per tonne compared
      97 words
    • Article
      Rice
      137 8 BANGKOK, Tues. Indicative prices for rice quoted yesterday were: US dollars par tonne FOB baau Btnffcok. Loonjaln Unchanged Parboiled Unchanged Malae Unchanged In HONOKONO yesterday, the market was steady with prices up 30 to 40 cents per plcul. The day's turnover totalled 398 tonnes comprising Thais 142, Kwangtungs 180
      137 words
    • Article
      Soybeans
      140 8 CHICAGO, Mon. Soybean futures extended early gains late In the session to finish at the day's highs with gains of 16ft to 10ft cents a bushel. The late surge took January and March to within 10 cents of the psychologically significant US$7.OO level. Early speculative supCt was encouraged by
      140 words
    • Article
      Wheat
      83 8 CHICAGO, Mon. Wheat futures closed with gains of SV» to 3Vk cents a bushel, with final prices at or just below the day's highs. Speculative buying was generated by strength in soybean and corn futures to take prices higher in a market lacking fresh funda- mental features. Spread buying
      83 words
    • Article
      London Tea Auction
      139 8 LONDON, Mon. There were 48,681 packages of tea offered at this week's auction, the Tea Brokers Association said. Assams with quality often declined up to lOp per kilo and sometime more towards the close while there was even less enquiry for brokers and dusts. Dooars lost 2p
      139 words
    • Article
      Silver
      116 8 LONDON, Tues Silver finished 0.2 to 0.2S per troy ounce lower. Earlier values were well maintained, aided bj overnight gains in New York and easier sterling, dealers said. However following the bullion dealers' morning fix, prices gave way a little under liquidation and profit taking although selling pressure was
      116 words
    • Article
      Coffee
      203 8 LONDON, Tues. Robusta futures opened about steady 143 to £10 up from Monday's close with 600 lots traded. Largest gains were recorded in the near positions bringing them mostly into line with dlstants which had established substantial premiums at Monday's close. March opened £26 higher at £2,410 rising to
      203 words
    • Article
      Sugar
      176 8 LONDON, Tues. Terminal opened £2.10 to £1.45 up from Monday's closing levels in sales of 691 lots. Dealers said most of the Gins were recorded during onday's kerb dealings when sentiment was aided by easier sterling and the New York Mch position holding above the nine cent level. At
      176 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      583 8 THE pound fell in the Singapore foreign exchange market following news that the British money supply had exceeded the government's target. Opening at 584.0229 in the morning, some 11 cents below the previous day's level, the pound recovered marginally to 84.044 later in the day with small amounts dealt
      583 words
    • Article
      Asian $ rate
      165 8 Asian rate ASIAN currency deposit Interbank rmtee at at ctoee on No*. 23. US Dalian (Spet) Ofhr BW 7 days 4 7/6 4 3/4 1 mth 5 5/8 9/16 2 mt.ru S 1/18 4 15/16 3 mthi s vie 5 1/16 6 mthi 5 7/16 5 5/16 8 mthi 5
      165 words
    • Article
      Discount market
      6 8 Source: National Discount Co
      6 words
    • Article
      Euro $ rates
      190 8 Euro rates LONDON, Tues. Eurodollar deposits opened easier with some positions adding 1/10 to initial losses, while rates generally had an offered tendency, dealers said. Modest activity was reported. The market was dealing for Friday because of Thursday's U8 Thanksgiving holiday and this made for Initial period losses of between
      190 words
    • Article
      London
      382 8 LONDON, Tues. The dollar and sterling moved erratically In an extension of Monday's nervous trading in the two currencies, dealers reported. Sterling fell to U581.6340/55 at one point, compared with Its respective closing rates of 1.6360/80 and 1.6460/80 in New York and London overnight. Later the pound picked up
      382 words
    • Article
      New York
      265 8 NEW YORK, Mon. The dollar closed sharply weaker here. Dealers said the K point cut In the US discount rate to 5% per cent and easier money market Interest rates triggered a move into strong currencies Uncertainty over the financial fate of New York City following a court
      265 words
    • Article
      Hongkong
      134 8 HONGKONG, Tues. Sterling was steady on noon levels at around U551.6415/25, compared with the New York close of 51.6360/80, In moderate trading, dealers said. They said that Monday's decline In London and New York, though it reflected continued lack of long term confidence In the pound, was nevertheless overdone
      134 words
    • Article
      Minimum lending rates (in %)
      55 8 Minimum lending rates (in ACBC First Chicago .6*. Algemene Bank 7 Citibank 6* Bangkok Bank .7% HSBC ...7 Bank of America 6*« Indosuez 6* Bank of China 7W Malayan Banking^ Bank of Tokyo Mitsui Bank e*. Bank Negara OCBC 6% T»k OUB Chartered Bank 6*. UCB .7* Chaie Manhattan 8*
      55 words
    • Article
      Zurich
      39 8 ZURICH exchanges quoted on Nov 22: US 2.4297-4305 UK 4.0045-0095 Can 2.4590-4610 W'Germ 101.21-29 Neth 97.10-20 France 48.76-80 Belg 6.61-1/4-82-1/4 Denm 41.38-42 Norw 46.32-36 Swed 57.97-58.01 Italy 0.2810-2813 Australia 14.24-27 Port 7.72-75 Spain 3.55-1/4-55-3/4 Arg 1.25-2.25 Japan 0.82-1/4-0.83-3/4
      39 words
    • Article
      Australia/NZ
      50 8 AUSTRALIA/NZ exchanges quoted on Nov 23: Australia: Sterling 0.7568/0.7490 US dollar 1.2351/1.2301 Ninety day air mail buying rates: Sterling 0.7917, US dollars 1.2631 Ninety day forward buying rates: Sterling 0.7689, U8 dollars 1.***** New Zealand: Sterling 0.5876/0.5841 U8 dollar 0.9721/0.9621 Ninety day forward rate: Sterling 0.6336, US dollar 0.9909
      50 words
    • Article
      Frankfurt
      32 8 FRANKFURT exchanges quoted on Nov 23: US 2.3980/95 (2.4018/26) Can 2.4295/4305 UK 3.923/938 Neth 95.95/96.10 Swltz 98.70/85 Italy 2.765/780 France 48.05/20 Norw 45.87/91 Belg Com 6.52/54 Belg Fin 6.52/53 Japan 0.8125/40
      32 words
    • Article
      Eurobond prices
      298 8 LONDON, Tues. Eurobonds traded mostly steady to a little higher In moderate to active turnover, dealers mid. US Issues gained around 1/4 to 1/2 point where changed reflecting the lower US treasury bill yields and fairly active two-way trading was seen, dealers added. Guilder issues also tended firmer
      298 words
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      Page 8 Advertisements Column 1
      442 8 You have only one face make the best of it. Advice from Business Times. i 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
      442 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article, Illustration
      Russia continues to expand shipping service in the region
      475 9  -  By TERESA LIM SOVIET shipping continues to develop in Singapore and the rest of Southeast Asia. In 1970, 512 Soviet ships called at Singapore and by 1975, the number had increased to 718. A large number of Soviet ships have also
      475 words
    • Article
      Greater TV role in Soviet 5-year plan
      165 9 THE 1976-1980 Five-Year plan of the Soviet Union is providing for substantial developments in television broadcasting through greater use of communication statellites to relay TV programmes to Siberia. Satellites are needed because the sue of the country makes the use of ground relay
      165 words
    • Article
      Lock icon Last link in world's longest train journey
      676 9  -  By JOHN ROBERTS Reuter THE last link is being forged in a railway network that can offer possibly the longest train Journey in the world. The Journey would be about 16,000 km from Europe to South Vietnam, by way of the Soviet Union
      Reuter  -  676 words
    • Article, Illustration
      IN PORT
      353 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Athanassia (2200 45 Green Lotus (3FWL) (2300 25/26 Kim Ann (1500 after Iyo Maru) 35/36 Mlntsung (0700 47 Neptune Jasper (1800 subject freeboard) 29/30 Sarwaguna Em pat (0700 Req. Ramp) 19 CONTAINER PORT Mout Blanc Maru B/51 Tokio Express B/49 PASIR PANJANG WHARVES
      353 words
    • Article
      Singapore trade figures increase
      139 9 SINGAPORE'S trade for the first three quarters of 1976 has seen a heartening Increase over the same period last year, as shown by figures released by the Department of Statistics, for the month of September. Total cargo discharged and loaded at Singapore ports In the first
      139 words
    • Article
      Supply boats order
      71 9 OIL (Asia), a subdldlary of Straits Steamship, has ordered four off-shore supply boats from Singapore Shipbuilding and Engineering to complement the company's fleet of 40 vessels operating In the off-shore oil Industry throughout Asia. According to Straits Group News, one of these specially-designed supply boats, the first
      71 words
    • Article
      Lock icon Greek fleet up
      65 9 Reuter ATHENS, Tues. The Greek merchant fleet increased by 280 ships totalling 3,660,072 gross tonnes in the year ended Oct 31 last, the Ministry of Merchant Marine reported. The strength of Greece's merchant navy at end Octo- ber was 3,473 ships aggregating 28,170,045 gross tonnes. Another 1,094
      Reuter  -  65 words
    • Article
      Lock icon Pay rise in 1978
      89 9 Reuter TORONTO, Tues. Journalists working for the Canadian Press News Agency, have voted to accept a contract which would Increase their salaries to over Cs4oo a week In 1978. The contract, negotiated during a series of rotating strikes, gives a nine per cent pay increase this
      Reuter  -  89 words
    • Article
      Lock icon Active look on freight market
      234 9 AP LONDON, Tues. Details of several fixtures not previously reported emerged over the weekend to give a more active appearance to the market than was actually the case. In fact, new grain Inquiry remained scant yesterday and three seemed to be a strong possibility of
      AP  -  234 words
    • Article
      PORTUGAL DETAINS THE BUNGA TANJONG
      224 9 KUALA LUMPUR, Tues. A Malaysian International Shipping Corporation's vessel, the Bunga Tanjong, has been detained by the PortuKese authorities, a Wlsma tra official confirmed today. "We have already taken action, through diplomatic channels, to secure the release of the ship," he said. He added that
      224 words
    • Article
      Lock icon Torrijos: Hand over Canal
      82 9 Reuter CARTAGENA, (Colombia), Tues. Panamanian Head of Government General Omar Torrijos has called for an end to the "colonial status" of the Panama Canal zone by next year. He said the patience of his people was nearly exhausted and sovereignty over the waterway and the surrounding
      Reuter  -  82 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      541 9 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE PAA PA841 0950 SFO/HNL/OUM CAL CI816 1000 HLP JAL JL712 1000 HLP SIA SQ211 1010 HLP CPA CX7I0 1030 HLP OIA GA980 1030 HLP THAI TG423 1035 BKK THAI T0981 1045 BKK OIA OA0O8 1100 MES
      541 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      515 9 in/IGHT HOUDfIV/ The Executive's Travel Agent Suite 102.Cathay Building. Mount Sophia. Singapore 9 Telephone *****2. v.* T V Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations
      515 words
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  • Article, Illustration
    Lock icon ISRAEL AND THE BOMB
    517 10  -  By STEWART KELLERMAN UPI ISRAEL is believed to have built an impressive arsenal of atomic bombs for use if conventional forces fail to stop the armies of its hostile Arab neighbours. Israel has repeatedly said it irill not be the first country to introduce nuclear weapons
    UPI  -  517 words
  • Article, Illustration
    Lock icon The realities of Reds-under-the-bed
    1549 10  -  By DAVID WATT Financial Times IT IS one of life's great truths that not everyone who sees little pink mice climbing up his bedroom wall has necessarily been overindulging in spirituous liquors. The mice may well have escape from a neighbouring circus. By the same token
    Financial Times  -  1,549 words
  • Article, Illustration
    Lock icon The Latin American political and economic dream
    892 10  -  JONATHAN KANDELL REPORTS FROM RIO DE JANEIRO JONATHAN KANDELL NYT LATIN American political and economic Integration has been a dream ever since the days of Simon Bolivar, more than 150 years ago. The most serious effort toward this elusive goal has been the
    NYT  -  892 words
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      Page 10 Advertisements Column 1
      114 10 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business limes I mS BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Second class airmail (Individually wrapped and mailed) /utilities 2<r r J,M l,mil mi nil anii mil suhwhptnuis By air-treight
      114 words
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  • Article, Illustration
    Lock icon Carter calls on Ford, raises summit issue
    423 11 Reuter NYT WASHINGTON: Tues. President elect Jimmy Carter called on President Ford at the White House yesterday, the first meeting between the two men since the election, and Immediately raised the Idea of another economic summit meeting with foreign leaders. Almost as soon
    Reuter; NYT  -  423 words
  • Article
    Trader gets $25,000 in consent judgment
    131 11 MR Shlgeru Tanaka, a Japanese businessman, was granted a consent Judgment for $25,000, plus agreed costs of $3,500 by Mr Justice D'Cotta In the High Court yesterday. Mr Tanaka had sued two merchants, Messrs Swee i.im ouan and Ang Chin Pang, for $27,693 under
    131 words
  • Article
    Amcol sues
    26 11 AMCOL Electrical Industries Ltd yesterday sued R.E. Morris and Co (Pte) Ltd for the sum of $266,391.30, allegedly due for goods supplied and delivered.
    26 words
  • Article
    Lock icon India warns US on sale of bombers to Pak
    318 11 AP WASHINGTON, Tues. India yesterday warned that a US Defence Department proposal to sell Pakistan 110 A-7 light bombers would touch off a new arms race and Imperil peace In the sub-continent. US Secretary of State Henry Kissinger responded to the
    AP  -  318 words
  • Article
    Multi-millionaire from Saudi Arabia
    148 11 KUALA LUMPUR, Tom.Dr. Adnaa Khaahoggi, Saudi Arabia's multimillionaire financier and head of the worldwide Triad Hohfang Corporation, will arrive here tomorrow to stady investment opportunities la Malaysia. During Us throe day stay in the fsderal capital. Dr. Khuhoggi will be briefed oa the Third Malaysia Plan
    148 words
  • Article
    Lock icon Chase, Egypt agree on Arab-backed $600 mil loan
    354 11 AP CAIRO, Tues. Egypt and the Chase Manhattan Bank have agreed on a US$25O million (*****.5 million) loan managed by the bank and guaranteed by oil rich Arab countries, banking sources said today. The go-ahead for the arrangement came this week when
    AP  -  354 words
  • Article
    SES to finish 'less bullish than expected'
    266 11 THE Stock Exchange of Singapore will end the year less bullish than expected earlier, according to the recent copy of Market Highlights published by Summit Securities. The article said that low market sentiment prevailed because of the bearish situation during October, which has
    266 words
  • Article
    Lock icon Look into use of soyabean milk call
    173 11 AP KUALA LUMPUR, Tues. An Asean study on soya products was told today to look Into the possible use of soyabean milk as a low cost substitute milk for Infants and children. This suggestion was made by the Secretary-General of the Malaysian Ministry
    AP  -  173 words
  • Article
    Lock icon 'Risk of injury', so it's yes to aerosol ban
    335 11 AP WASHINGTON, Tues. The US Consumer Product Safety Commission has approved In principle a ban on fluorocarbon aerosols because they "present an unreasonable risk of Injury to consumers from the destruction of the ozone layer." But It may be months before
    AP  -  335 words
  • Article
    Lock icon US BANKS LOOK ABROAD
    525 11 The Economist NEW YORK: The big American banks are aiming at a 15-20 per cent Increase In overseas earnings next year. This is surprising, for, after expanding by over 30 per cent in each or the past five years, the growth in overseas earnings probably slowed
    The Economist  -  525 words
  • Article
    Workers need not always be warned
    228 11 AN EMPLOYER Med not warn his employees at every turn what they should do and what precautions they should take in every circumstance. This was the view of the Chief Justice, Mr. Wee Chong Jin, in a damages claim in the High Court Chan
    228 words
  • Article
    Lock icon ITALIANS HIT BY PUBLIC WORKERS STRIKE
    144 11 Reuter ROME, Tues. A 24-hour ■trike by public employes today closed Italy public office*, schools and universities. The trade union federation called the strike to speed progress in wage negotiations for 2.5 million state employees. Hospitals laid on emergency services, Italian airports were closed
    Reuter  -  144 words
  • Article
    UN aid
    31 11 AMMAN, Tues. The United Nations had agreed to contribute UBIIS million (5127.5 million), to Jordan's $2.5 billion five-year development plan, resident UN representative John Claud announced yesterday. AP. AP.
    31 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      651 11 APPOINTMENTS ELECTRONICS/MANUFACTURIN6 ENGINEERS These are senior positions which would only appeal to men who are able to deal with the nitty-gritty of the production process of an international manufacturing concern. In addition to a sound technical background they will possess the necessary qualities of leadership, lots of patience and a
      651 words
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      Page 11 Advertisements Column 2
      668 11 TAX MANAGER Arthur Andersen Co., Public Accountants, has a vacancy for an experienced tax specialist. The position offers on excellent opportunity for •rapid advancement and challenging work in creas covering international taxation, tax planning and general consultation work. This is a senior appointment opportunity ovoilable to Singaporeans. Applicants should be
      668 words
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  • Article
    Lock icon Camp seized in Thai blitz on border Reds
    472 12 AP Reuter BANGKOK, Tues. Government troops, backed by artillery and air strikes, have seized a communist guerilla camp and killed about 20 Insurgents in a maCr sweep along the Thalalaysian border, a military spokesman said today. The operation is believed to be
    AP; Reuter  -  472 words
  • Article
    Lock icon UK to reform secrecy laws
    118 12 Reuter LONDON, Tues The British Government yesterday announced it will reform the country's much criticised, all-embracing secrecy laws. The 1911 Official Secrets Act covers virtually everything the Government and civil service do to the extent that, as one exasperated editor recently complained, it Is technically
    Reuter  -  118 words
  • Article
    NEW BANK OFFICE
    82 12 ITALY'S oldest bank, Monte del Paschl dl Sienna will officially open its Singapore representative office today. To mark the occasion, the bank will hold a reception at the Shangri-La Hotel tonight. Present will be the bank's board of directors, Including the chairman, Mr. Danilo Verzlli. The Singapore
    82 words
  • Article
    LONDON STOCKS
    679 12 LONDON, Tues. The stock market closed quietly firm and at 3 p.m., the Financial Times Index was up 7.2 at 300.4 after touching a high of 302.3. Market sentiment was helped today by a statement from the miners' union that It may compromise over the claim for early
    679 words
  • Article
    Koor — a look at Israel's largest industrial group
    198 12 Koor a look at Israel's largest industrial group CENTRAL to Israel's concerted export drive to cloee its expansive trade gap an Koor's attempts at penetrating the world market. Koor Industries is Israel's largest industrial group with manufacturing interests in the fields of ceramics/chemkals, elnstrie and electronic products, food and consumer
    198 words
  • Article
    Industry clubs at Asean level plan
    214 12 KUALA LUMPUR, Tues The second plenary meeting of the Asean Chambers of Commerce and Industry (CCI) working group has agreed to set up Industry clubs at Asean level to promote closer regional cooperation. The interim co-chalr-I man of the working group, Mr Ramon del
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  • Article
    SUITS
    146 12 WRITS were filed with the High Court yesterday, suing the union insurance Society of Canton Ltd. for a total of $111,457.13, allegedly due for a loss under a policy of Insurance on the ship, Premier Arctic. The plaintiffs were Chip Seng Hak Kee, Joo Seng Lee, Liang Guan Hak
    146 words
  • Article
    Grave warning on perils of oil price hike
    389 12 IN one of the graver warnings heard during the past weeks, the United States said yesterday that the dangers Inherent In an oil price increase are even greater than before, presumably In reference to the five-fold Increase ordered by Opec since 1973.
    389 words
  • Article
    Lock icon North-South talks still adrift
    338 12 Reuter PARIS, Tues. A decisive ministerial conference Intended to climax 11 months of negotiations between the world's rich and poor nations here next month seems unlikely to take place as planned, according to Informed sources. The sources said there was a growing feeling among delegates to
    Reuter  -  338 words
  • Article
    Polls: Break-away group fields 15
    417 12 A BREAK-AWAY group from PKMS, the Singapore Malay National Organisation, will field 15 candidates, Including university graduates and prominent businessmen, under the United People's Front banner In the coming general elections. The group consists mainly of PKMS officials expelled after a dispute Involving the course
    417 words
  • Article
    Straits draft: Hope for more backing
    262 12 KUALA LUMPUR. Tues. Malaysia hopes Its draft article forwarded to the recent Law of the Sea conference In New York to limit big oil tankers from sailing through shallow straits will receive more support from the Third World. Several countries have already welcomed Malaysia's
    262 words
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    Lock icon Taiwan rice
    50 12 UPI TAIPEH, Tues. Taiwan will have more than enough rice to feed its 10 million people this year, the Taiwan food bureau said yesterday. Production of rice this year is expected to reach 2.7 tonnes, higher than previous year, with a selfsufficiency rate of 10« per cent. UPI.
    UPI  -  50 words
  • Article
    Lock icon SYRIAN TROOPS STAY CLEAR OF BORDER
    279 12 Agencies BEIRUT, Tues. The Syrian-dominated Arab peacekeeping force has finished taking up positions throughout the country but has not stationed any troops near the Israeli border, leftist-held Beirut Radio said today. The radio said the force had not taken up positions near the border
    Agencies  -  279 words
  • Article
    Lock icon Ford to end control of petrol prices
    252 12 AP WASHINGTON, Tues. L President Gerald Ford's I Administration, approaching its final days in office, will try to end controls on the price of petrol, contending the move will have no immediate impact for I motorists. Federal Energy Administrator Frank Zarb said, "Our
    AP  -  252 words
  • Article
    Japanese investors invade S'pore
    543 12 LAST Wednesday the Economic Development Board announced the award of a $200,000 training grant to yet another Japanese enterprise, the $50 million Koyo Industries' subsidiary In Singapore. The weekend saw the opening of Mitsubishi Singapore Heavy Industries' huge ship-repairing dock; and Enplas, a Japanese plastics engineering
    543 words
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